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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | The operating results of discontinued operations are summarized below:
| Three months ended |  | Nine months ended
In millions | September 30, 2025 | September 30, 2024 |  | September 30, 2025 | September 30, 2024
Net sales | $ | — |  | $ | 157.1 |  |  | $ | 40.5 |  | $ | 440.1 |
Cost of goods sold | — |  | 81.5 |  |  | 20.9 |  | 239.3 |
Gross profit | — |  | 75.6 |  |  | 19.6 |  | 200.8 |
Selling, general and administrative | 0.2 |  | 39.8 |  |  | 16.9 |  | 105.9 |
Research and development | — |  | 4.6 |  |  | 1.3 |  | 13.5 |
Operating income (loss) | (0.2) |  | 31.2 |  |  | 1.4 |  | 81.4 |
Other expense (income) | — |  | (0.1) |  |  | — |  | (0.1) |
Income (loss) from discontinued operations before gain from sale and income taxes | (0.2) |  | 31.3 |  |  | 1.4 |  | 81.5 |
Loss (gain) from sale of discontinued operations before income taxes | 0.1 |  | — |  |  | (435.3) |  | — |
Provision for (benefit from) income taxes | (2.5) |  | 5.2 |  |  | 158.0 |  | 17.7 |
Income from discontinued operations, net of tax | $ | 2.2 |  | $ | 26.1 |  |  | $ | 278.7 |  | $ | 63.8 |
The major classes of assets and liabilities that were previously classified as held for sale were as follows:
In millions |  | December 31, 2024
Cash and cash equivalents |  | $ | 58.7 |
Accounts receivable, net of allowances |  | 115.0 |
Inventories |  | 80.8 |
Other current assets |  | 46.3 |
Current assets held for sale |  | $ | 300.8 |
Property, plant and equipment, net |  | $ | 71.4 |
Goodwill |  | 709.1 |
Intangibles, net |  | 153.4 |
Other non-current assets |  | 41.4 |
Non-current assets held for sale |  | $ | 975.3 |
Accounts payable |  | $ | 40.9 |
Employee compensation and benefits |  | 20.6 |
Other current liabilities |  | 61.0 |
Current liabilities held for sale |  | $ | 122.5 |
Pension and other post-retirement compensation and benefits |  | $ | 12.1 |
Deferred tax liabilities |  | 12.0 |
Other non-current liabilities |  | 21.8 |
Non-current liabilities held for sale |  | $ | 45.9 |

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