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Discontinued Operations | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations On August 2, 2021, the Company completed the sale of the Carlisle Brake & Friction ("CBF") segment for gross proceeds of (i) $250 million at closing, subject to certain adjustments, and (ii) the right to receive up to an additional $125 million based on CBF's achievement of certain performance targets. On February 23, 2022, the Company received $125 million in cash for the full amount of the contingent consideration. The sale of CBF is consistent with the Company's optimization strategy, as laid out in Vision 2025. A summary of the results from discontinued operations included in the Consolidated Statements of Income and Comprehensive Income follows:
|  | 2021
(in millions) |  | CBF |  | Other |  | Total
Revenue |  | $ | 219.7 |  |  | $ | — |  |  | $ | 219.7 |
Cost of goods sold |  | 171.3 |  |  | — |  |  | 171.3 |
Other operating expenses, net |  | 30.1 |  |  | 0.2 |  |  | 30.3 |
Operating income (loss) |  | 18.3 |  |  | (0.2) |  |  | 18.1 |
Other non-operating expense, net |  | 0.2 |  |  | — |  |  | 0.2 |
Income (loss) from discontinued operations before income taxes and loss on sale |  | 18.1 |  |  | (0.2) |  |  | 17.9 |
Loss on sale of discontinued operations |  | 8.0 |  |  | — |  |  | 8.0 |
Income (loss) from discontinued operations before income taxes |  | 10.1 |  |  | (0.2) |  |  | 9.9 |
Benefit from income taxes |  | (24.8) |  |  | — |  |  | (24.8) |
Income (loss) from discontinued operations |  | $ | 34.9 |  |  | $ | (0.2) |  |  | $ | 34.7 |
|  | 2020
(in millions) |  | CBF |  | Other |  | Total
Revenue |  | $ | 275.3 |  |  | $ | — |  |  | $ | 275.3 |
Cost of goods sold |  | 230.3 |  |  | — |  |  | 230.3 |
Other operating expenses, net |  | 49.2 |  |  | 5.4 |  |  | 54.6 |
Operating loss |  | (4.2) |  |  | (5.4) |  |  | (9.6) |
Other non-operating income, net |  | (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) |
Loss from discontinued operations in 2022 primarily reflects losses related to legal matters from previously disposed businesses, partially offset by a gain on the sale of real estate associated with the 2021 sale of the CBF segment. A summary of cash flows from discontinued operations included in the Consolidated Statements of Cash Flows follows:
(in millions) |  | 2022 |  | 2021 |  | 2020
Net cash (used in) provided by operating activities |  | $ | (8.2) |  |  | $ | 8.1 |  |  | $ | 38.0 |
Net cash provided by (used in) investing activities |  | 132.0 |  |  | 241.0 |  |  | (9.6) |
Net cash used in financing activities(1) |  | (123.8) |  |  | (254.2) |  |  | (32.0) |
Change in cash and cash equivalents from discontinued operations |  | — |  |  | (5.1) |  |  | (3.6) |
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 |  | $ | — |  |  | $ | — |  |  | $ | 5.1 |
(1)Represents repayments to the Carlisle cash pool to fund working capital and capital expenditures and return of capital upon sale.

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- Definition The entire disclosure 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 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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