XML 39 R25.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Discontinued Operations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Disposal Groups, Including Discontinued Operations [Table Text Block] | The carrying amounts of major classes of assets and liabilities that were classified as held for sale on the Condensed Consolidated Balance Sheets were as follows:
In millions | September 30, 2016 | December 31, 2015
Accounts and notes receivable, net | $ | 382.8 |  | $ | 394.5 |
Inventories | 562.1 |  | 609.6 |
Other current assets | 97.8 |  | 89.3 |
Current assets held for sale | $ | 1,042.7 |  | $ | 1,093.4 |
Property, plant and equipment, net | $ | 381.5 |  | $ | 403.1 |
Goodwill | 996.4 |  | 996.4 |
Intangibles, net | 708.7 |  | 742.7 |
Asbestos-related insurance receivable | 109.3 |  | 111.0 |
Other non-current assets | 91.9 |  | 95.4 |
Non-current assets held for sale | $ | 2,287.8 |  | $ | 2,348.6 |
Accounts payable | $ | 145.0 |  | $ | 175.0 |
Employee compensation and benefits | 58.5 |  | 100.3 |
Other current liabilities | 160.4 |  | 157.7 |
Current liabilities held for sale | $ | 363.9 |  | $ | 433.0 |
Pension and other post-retirement compensation and benefits | $ | 36.3 |  | $ | 42.6 |
Deferred tax liabilities | 174.3 |  | 173.9 |
Asbestos-related liabilities | 231.2 |  | 237.9 |
Other non-current liabilities | 98.1 |  | 90.8 |
Non-current liabilities held for sale | $ | 539.9 |  | $ | 545.2 |
Operating results of discontinued operations are summarized below:
| Three months ended |  | Nine months ended
In millions | September 30, 2016 | September 26, 2015 |  | September 30, 2016 | September 26, 2015
Net sales | $ | 410.9 |  | $ | 440.9 |  |  | $ | 1,231.6 |  | $ | 1,385.2 |
Cost of goods sold | 287.6 |  | 295.6 |  |  | 886.7 |  | 934.6 |
Gross profit | 123.3 |  | 145.3 |  |  | 344.9 |  | 450.6 |
Selling, general and administrative | 87.4 |  | 113.3 |  |  | 267.6 |  | 316.3 |
Research and development | 4.3 |  | 5.1 |  |  | 14.2 |  | 16.7 |
Operating income | $ | 31.6 |  | $ | 26.9 |  |  | $ | 63.1 |  | $ | 117.6 |
Income from discontinued operations before income taxes | $ | 32.0 |  | $ | 27.4 |  |  | $ | 63.6 |  | $ | 117.6 |
Provision for income taxes | 9.1 |  | 6.9 |  |  | 15.0 |  | 29.0 |
Income from discontinued operations, net of tax | $ | 22.9 |  | $ | 20.5 |  |  | $ | 48.6 |  | $ | 88.6 |
|  |  |  |  | — |
Gain (loss) from sale of discontinued operations before income taxes | $ | 0.6 |  | $ | — |  |  | $ | 0.6 |  | $ | (4.8 | )
Provision for income taxes | — |  | — |  |  | — |  | — |
Gain (loss) from sale of discontinued operations, net of tax | $ | 0.6 |  | $ | — |  |  | $ | 0.6 |  | $ | (4.8 | )

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration