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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Activity of Discontinued Operations
A summary of the results from discontinued operations included in the Consolidated Statements of Income follows:
2020
(in millions)CBFOtherTotal
Revenue$275.3 $— $275.3 
Cost of goods sold230.3 — 230.3 
Operating expense, net(1)
49.2 5.4 54.6 
Operating income(4.2)(5.4)(9.6)
Non-operating (income) expense, net(1)
(1.3)— (1.3)
Loss from discontinued operations before income taxes(2.9)(5.4)(8.3)
Benefit from income taxes(1.4)(1.3)(2.7)
Loss from discontinued operations$(1.5)$(4.1)$(5.6)
(1)Includes items that are presented separately on the Condensed Consolidated Statements of Income.
2019
(in millions)CBFOtherTotal
Revenue$327.0 $— $327.0 
Cost of goods sold261.4 — 261.4 
Operating expense, net(1)
45.5 1.8 47.3 
Operating income20.1 (1.8)18.3 
Non-operating (income) expense, net(1)
(0.1)— (0.1)
Income (loss) from discontinued operations before income taxes20.2 (1.8)18.4 
Provision for (benefit from) income taxes4.3 (0.9)3.4 
Income (loss) from discontinued operations$15.9 $(0.9)$15.0 
(1)Includes items that are presented separately on the Condensed Consolidated Statements of Income.
2018
(in millions)CBFCFSTotal
Revenue$373.8 $69.5 $443.3 
Cost of goods sold322.4 49.5 371.9 
Operating expense, net(1)
52.4 16.7 69.1 
Operating (loss) income(1.0)3.3 2.3 
Non-operating (income) expense, net(1)
— — — 
(Loss) income from discontinued operations before income taxes(1.0)3.3 2.3 
Gain on sale of discontinued operations— 296.8 296.8 
(Benefit from) provision for income taxes(1.3)47.6 46.3 
Income from discontinued operations$0.3 $252.5 $252.8 
(1)Includes items that are presented separately on the Condensed Consolidated Statements of Income.
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		December 31,
2019
ASSETS
Cash and cash equivalents$5.1 $8.7 
Receivables, net58.3 60.0 
Inventories70.8 75.7 
Prepaid other current assets 10.4 7.3 
Total current assets144.6 151.7 
Property, plant, and equipment, net102.0 107.2 
Goodwill, net96.5 96.5 
Other intangible assets, net 73.9 80.2 
Other long-term assets 2.6 3.4 
Total long-term assets$275.0 $287.3 
LIABILITIES
Accounts payable $33.1 $30.6 
Accrued liabilities and other20.4 14.0 
Total current liabilities53.5 44.6 
Other long-term liabilities 21.9 24.8 
Total long-term liabilities$21.9 $24.8 
A summary of cash flows from discontinued operations included in the Consolidated Statements of Cash Flows follows:
202020192018
(in millions)CBFCBFCBFCFSTotal
Net cash provided by (used in) operating activities$38.0 $16.9 $12.3 $(2.0)$10.3 
Net cash used in investing activities(9.6)(18.3)(22.3)(8.1)(30.4)
Net cash (used in) provided by financing activities(1)
(32.0)2.7 12.2 11.4 23.6 
Change in cash and cash equivalents from discontinued operations$(3.6)$1.3 $2.2 $1.3 $3.5 
(1)Represents (repayments) borrowings from the Carlisle cash pool, dividends and returns of capital.