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Business Combinations, Divestitures, Discontinued Operations and Assets and Liabilities Held for Sale (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combinations [Abstract] |
Summary of Discontinued Operations and Assets and Liabilities Held for Sale | Financial results for the Company's discontinued operations are as follows:
years ended December 31 (in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Total revenues |  | $ | 94.2 |  |  | $ | 308.6 |  |  | $ | 79.2 |
Pretax (loss) earnings from operations |  | $ | (16.3 | ) |  | $ | 16.2 |  |  | $ | 6.6 |
Pretax loss on divestitures and sales of assets |  |  | (24.0 | ) |  |  | (0.7 | ) |  |  | (6.0 | )
Pretax (loss) earnings |  |  | (40.3 | ) |  |  | 15.5 |  |  |  | 0.6 |
Income tax (benefit) expense |  |  | (9.4 | ) |  |  | 5.0 |  |  |  | 0.1 |
(Loss) Earnings from discontinued operations, net of income tax (benefit) expense |  | $ | (30.9 | ) |  | $ | 10.5 |  |  | $ | 0.5 |
Cash flow information for the Company's discontinued operations is as follows:
years ended December 31 (in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Net cash provided by (used for) operating activities |  | $ | 0.6 |  |  | $ | (31.6 | ) |  | $ | (8.2 | )
Additions to property, plant and equipment |  | $ | (3.0 | ) |  | $ | (15.5 | ) |  | $ | (3.7 | )
Proceeds from divestitures and sales of assets |  |  | 372.0 |  |  |  | 249.9 |  |  |  | — |
Net cash provided by (used for) investing activities |  | $ | 369.0 |  |  | $ | 234.4 |  |  | $ | (3.7 | )
Assets and liabilities held for sale are as follows:
|  | 2023 |
December 31 (in millions) |  | Continuing Operations |
Inventories, net |  | $ | 60.6 |
Investment land |  |  | 17.9 |
Other assets |  |  | 3.7 |
Property, plant and equipment |  |  | 327.2 |
Intangible assets, excluding goodwill |  |  | 122.3 |
Operating lease right-of-use assets |  |  | 15.4 |
Goodwill |  |  | 260.0 |
Total current assets held for sale |  | $ | 807.1 |
Lease obligations |  | $ | (16.3 | )
Asset retirement obligations |  |  | (1.9 | )
Total current liabilities held for sale |  | $ | (18.2 | )
|  | 2022 |
December 31 (in millions) |  | Continuing Operations |  |  | Discontinued Operations |  |  | Total |
Inventories, net |  | $ | — |  |  | $ | 31.3 |  |  | $ | 31.3 |
Investment land |  |  | 40.6 |  |  |  | — |  |  |  | 40.6 |
Other assets |  |  | — |  |  |  | 1.3 |  |  |  | 1.3 |
Total current assets held for sale |  | $ | 40.6 |  |  | $ | 32.6 |  |  | $ | 73.2 |
Property, plant and equipment |  | $ | — |  |  | $ | 124.5 |  |  | $ | 124.5 |
Intangible assets, excluding goodwill |  |  | — |  |  |  | 208.5 |  |  |  | 208.5 |
Operating lease right-of-use assets |  |  | — |  |  |  | 12.1 |  |  |  | 12.1 |
Goodwill |  |  | — |  |  |  | 31.9 |  |  |  | 31.9 |
Valuation allowance for loss on sale |  |  | — |  |  |  | (4.5 | ) |  |  | (4.5 | )
Total noncurrent assets held for sale |  | $ | — |  |  | $ | 372.5 |  |  | $ | 372.5 |
Lease obligations |  | $ | — |  |  | $ | (4.5 | ) |  | $ | (4.5 | )
Total current liabilities held for sale |  | $ | — |  |  | $ | (4.5 | ) |  | $ | (4.5 | )
Lease obligations |  | $ | — |  |  | $ | (4.1 | ) |  | $ | (4.1 | )
Asset retirement obligations |  |  | — |  |  |  | (17.7 | ) |  |  | (17.7 | )
Total noncurrent liabilities held for sale |  | $ | — |  |  | $ | (21.8 | ) |  | $ | (21.8 | )

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