Table:
|  |  | As of December 31, |
| --- | --- | --- |
| (dollars in millions) | 2019 | 2018 |
| Assets |  |  |
| Entertainment and Communications | $1,840.0 | $1,898.8 |
| IT Services and Hardware | 500.7 | 468.1 |
| Corporate and eliminations | 313.1 | 363.3 |
| Total assets | $2,653.8 | $2,730.2 |
Paragraphs:
Total assets for the Company decreased $76.4 million as of December 31, 2019 as compared to December 31, 2018.  Entertainment and Communications assets decreased $58.8 million due to a decrease in property, plant and equipment primarily as a result of the increased depreciation in 2019 related to Hawaiian Telcom property, plant and equipment exceeding capital expenditures. IT Services and Hardware assets increased by $32.6 million primarily due to the Company’s recognition of operating lease right-of-use assets in the Consolidated Balance Sheets upon adoption of ASU 2016-02.
Corporate assets decreased $50.2 million primarily due to decreased receivables. Lower receivables is partially due to timing of sales in the fourth quarter as well as additional sales of certain receivables under the factoring arrangement as of December 31, 2019 compared to December 31, 2018. Deferred tax assets and liabilities totaled $59.3 million and $11.7 million as of December 31, 2019, respectively. Deferred tax assets and liabilities totaled $47.5 million and $11.4 million as of December 31, 2018, respectively. The increase in deferred tax assets in 2019, as compared to 2018, is due to increased net operating losses in 2019.
Question:
Why did Corporate assets decrease?
Answer: Corporate assets decreased $50.2 million primarily due to decreased receivables.