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Discontinued Operations (Tables) | 3 Months Ended
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Mar. 31, 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 March 31,
|  |  |  |  | 2021 |  | 2020
Revenues |  |  |  |  |  | $ | 88.1 |  |  | $ | 71.0 |
Cost of goods sold |  |  |  |  |  | 71.3 |  |  | 62.0 |
Operating expense, net(1) |  |  |  |  |  | 12.0 |  |  | 13.5 |
Operating income (loss) |  |  |  |  |  | 4.8 |  |  | (4.5) |
Non-operating expense (income), net(1) |  |  |  |  |  | 0.3 |  |  | (0.4) |
Income (loss) from discontinued operations before income taxes |  |  |  |  |  | 4.5 |  |  | (4.1) |
Provision for (benefit from) income taxes |  |  |  |  |  | 1.4 |  |  | (1.1) |
Income (loss) from discontinued operations |  |  |  |  |  | $ | 3.1 |  |  | $ | (3.0) |
(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 Sheet follows:
(in millions) |  | March 31, 2021 |  | December 31, 2020
ASSETS |  |  |  |
Cash and cash equivalents |  | $ | 6.2 |  |  | $ | 5.1 |
Receivables, net |  | 70.4 |  |  | 58.3 |
Inventories |  | 69.2 |  |  | 70.8 |
Prepaid other current assets |  | 9.4 |  |  | 10.4 |
Total current assets |  | $ | 155.2 |  |  | $ | 144.6 |
Property, plant, and equipment, net |  | $ | 99.9 |  |  | $ | 102.0 |
Goodwill, net |  | 96.5 |  |  | 96.5 |
Other intangible assets, net |  | 72.4 |  |  | 73.9 |
Other long-term assets |  | 6.2 |  |  | 2.6 |
Total long-term assets |  | $ | 275.0 |  |  | $ | 275.0 |
LIABILITIES |  |  |  |
Accounts payable |  | $ | 39.0 |  |  | $ | 33.1 |
Accrued liabilities and other |  | 21.6 |  |  | 20.4 |
Total current liabilities |  | $ | 60.6 |  |  | $ | 53.5 |
Other long-term liabilities |  | $ | 25.2 |  |  | $ | 21.9 |
Total long-term liabilities |  | $ | 25.2 |  |  | $ | 21.9 |
A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows for the three months ended March 31, follows:
(in millions) |  | 2021 |  | 2020
Net cash provided by operating activities |  | $ | 3.5 |  |  | $ | 4.1 |
Net cash used in investing activities |  | (2.5) |  |  | (1.6) |
Net cash provided by (used in) financing activities(1) |  | 0.1 |  |  | (1.3) |
Change in cash and cash equivalents from discontinued operations |  | $ | 1.1 |  |  | $ | 1.2 |
(1)Represents borrowings or (repayments) from the Carlisle cash pool to fund working capital and capital expenditures

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