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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2021
Discontinued Operations and Disposal Groups [Abstract] |
Activity of Discontinued Operations | A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income and Comprehensive Income follows:
(in millions) |  | Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Revenues |  | $ | 98.8 |  |  | $ | 58.8 |  |  | $ | 186.9 |  |  | $ | 129.8 |
Cost of goods sold |  | 76.1 |  |  | 47.8 |  |  | 147.4 |  |  | 109.8 |
Other operating expenses, net |  | 11.8 |  |  | 12.1 |  |  | 23.8 |  |  | 25.6 |
Operating income (loss) |  | 10.9 |  |  | (1.1) |  |  | 15.7 |  |  | (5.6) |
Other non-operating (income) expense, net |  | (0.1) |  |  | — |  |  | 0.2 |  |  | (0.4) |
Income (loss) from discontinued operations before income taxes |  | 11.0 |  |  | (1.1) |  |  | 15.5 |  |  | (5.2) |
Pre-close transaction expenses(1) |  | (4.7) |  |  | — |  |  | (4.7) |  |  | — |
Provision for (benefit from) income taxes |  | 1.1 |  |  | (0.5) |  |  | 2.5 |  |  | (1.6) |
Income (loss) from discontinued operations |  | $ | 5.2 |  |  | $ | (0.6) |  |  | $ | 8.3 |  |  | $ | (3.6) |
(1)Includes legal fees and stock-compensation expense directly related to the sale incurred prior to the close of the transaction. A summary of the carrying amounts of major assets and liabilities, which were classified as held for sale in the Condensed Consolidated Balance Sheets follows:
(in millions) |  | June 30, 2021 |  | December 31, 2020
ASSETS |  |  |  |
Cash and cash equivalents |  | $ | 12.0 |  |  | $ | 5.1 |
Receivables, net |  | 79.7 |  |  | 58.3 |
Inventories |  | 72.3 |  |  | 70.8 |
Prepaid other current assets |  | 10.4 |  |  | 10.4 |
Current assets |  | 174.4 |  |  | 144.6 |
Long-term assets reclassified to current assets |  | 275.5 |  |  | — |
Total current assets |  | 449.9 |  |  | 144.6 |
Property, plant, and equipment, net |  | 101.2 |  |  | 102.0 |
Goodwill, net |  | 96.5 |  |  | 96.5 |
Other intangible assets, net |  | 71.3 |  |  | 73.9 |
Other long-term assets |  | 6.5 |  |  | 2.6 |
Long-term assets |  | 275.5 |  |  | 275.0 |
Long-term assets reclassified to current assets |  | (275.5) |  |  | — |
Total long-term assets |  | $ | — |  |  | $ | 275.0 |
LIABILITIES |  |  |  |
Accounts payable |  | $ | 44.8 |  |  | $ | 33.1 |
Accrued liabilities and other |  | 22.7 |  |  | 20.4 |
Current liabilities |  | 67.5 |  |  | 53.5 |
Long-term liabilities reclassified to current liabilities |  | 25.3 |  |  | — |
Total current liabilities |  | 92.8 |  |  | 53.5 |
Other long-term liabilities |  | 25.3 |  |  | 21.9 |
Long-term liabilities |  | 25.3 |  |  | 21.9 |
Long-term liabilities reclassified to current liabilities |  | (25.3) |  |  | — |
Total long-term liabilities |  | $ | — |  |  | $ | 21.9 |
A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, follows:
(in millions) |  | 2021 |  | 2020
Net cash provided by operating activities |  | $ | 10.8 |  |  | $ | 15.4 |
Net cash used in investing activities |  | (5.6) |  |  | (5.0) |
Net cash provided by (used in) financing activities(1) |  | 1.8 |  |  | (9.5) |
Change in cash and cash equivalents from discontinued operations |  | $ | 7.0 |  |  | $ | 0.9 |
(1)Represents borrowings or (repayments) from the Carlisle cash pool to fund working capital and capital expenditures

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760 + Details
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