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Discontinued Operations (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Revenues |  | $ | 32.8 |  |  | $ | 69.7 |  |  | $ | 219.7 |  |  | $ | 199.5 |
Cost of goods sold |  | 23.9 |  |  | 57.2 |  |  | 171.3 |  |  | 167.0 |
Other operating expenses, net |  | 4.5 |  |  | 11.5 |  |  | 28.3 |  |  | 37.1 |
Operating income (loss) |  | 4.4 |  |  | 1.0 |  |  | 20.1 |  |  | (4.6) |
Other non-operating expense, net |  | — |  |  | 0.5 |  |  | 0.2 |  |  | 0.1 |
Income (loss) from discontinued operations before income taxes and loss on sale |  | 4.4 |  |  | 0.5 |  |  | 19.9 |  |  | (4.7) |
Loss on sale of discontinued operations |  | (2.2) |  |  | — |  |  | (6.9) |  |  | — |
Income (loss) from discontinued operations before income taxes |  | 2.2 |  |  | 0.5 |  |  | 13.0 |  |  | (4.7) |
(Benefit from) provision for income taxes |  | (26.9) |  |  | 0.9 |  |  | (24.4) |  |  | (0.7) |
Income (loss) from discontinued operations |  | $ | 29.1 |  |  | $ | (0.4) |  |  | $ | 37.4 |  |  | $ | (4.0) |
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) |  |  |  | December 31, 2020
ASSETS |  |  |  |
Cash and cash equivalents |  |  |  | $ | 5.1 |
Receivables, net |  |  |  | 58.3 |
Inventories |  |  |  | 70.8 |
Prepaid other current assets |  |  |  | 10.4 |
Total current assets |  |  |  | $ | 144.6 |
Property, plant, and equipment, net |  |  |  | $ | 102.0 |
Goodwill, net |  |  |  | 96.5 |
Other intangible assets, net |  |  |  | 73.9 |
Other long-term assets |  |  |  | 2.6 |
Total long-term assets |  |  |  | $ | 275.0 |
LIABILITIES |  |  |  |
Accounts payable |  |  |  | $ | 33.1 |
Accrued liabilities and other |  |  |  | 20.4 |
Total current liabilities |  |  |  | $ | 53.5 |
Other long-term liabilities |  |  |  | $ | 21.9 |
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 nine months ended September 30, follows:
(in millions) |  | 2021 |  | 2020
Net cash provided by operating activities |  | $ | 8.5 |  |  | $ | 24.0 |
Net cash provided by (used in) investing activities |  | 241.0 |  |  | (7.5) |
Net cash used in financing activities(1) |  | (254.6) |  |  | (17.6) |
Change in cash and cash equivalents from discontinued operations |  | (5.1) |  |  | (1.1) |
Cash and cash equivalents from discontinued operations at beginning of period |  | 5.1 |  |  | 8.7 |
Cash and cash equivalents from discontinued operations at end of period |  | $ | — |  |  | $ | 7.6 |
(1)Represents borrowings or (repayments) from the Carlisle cash pool to fund working capital and capital expenditures and return of capital upon sale

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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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