On May 21, 2024, the Company completed the sale of CIT for cash proceeds of $2.025 billion, subject to certain customary purchase price adjustments, which were finalized in the third quarter of 2024.

On October 2, 2023, the Company completed the sale of CFT for proceeds of $520 million, subject to certain customary purchase price adjustments, which were finalized in the fourth quarter of 2024.

The sales of CFT and CIT are consistent with the Company's pivot to a pure play building products company employing a capital allocation approach to its highest returning businesses.

On August 2, 2021, the Company completed the sale of the equity interests and assets comprising its former Carlisle Brake & Friction ("CBF") segment for gross cash 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.


	2024
(in millions)	CIT		CFT		Other		Total
Revenues	$	328.6	$	—	$	—	$	328.6

Cost of goods sold	237.5		—		—		237.5

Other operating expenses, net	34.4		—		—		34.4
Operating income	56.7		—		—		56.7
Other non-operating expense, net	0.5		24.9		5.4		30.8
Income (loss) from discontinued operations before income taxes and loss on sale	56.2		(24.9)		(5.4)		25.9

(Gain) loss on sale of discontinued operations	(457.3)		2.9		—		(454.4)
Income (loss) from discontinued operations before income taxes	513.5		(27.8)		(5.4)		480.3
Provision for (benefit from) income taxes	49.0		(9.5)		(5.9)		33.6
Income (loss) from discontinued operations	$	464.5	$	(18.3)	$	0.5	$	446.7


	2023
(in millions)	CIT		CFT			Other		Total
Revenues	$	886.1	$	227.1		$	—	$	1,113.2

Cost of goods sold	666.9		129.2			—		796.1
Impairment	—		24.8			—		24.8
Other operating expenses, net	119.7		55.8			—		175.5
Operating income	99.5		17.3			—		116.8
Other non-operating (income) expense, net	(0.5)		—			1.8		1.3
Income (loss) from discontinued operations before income taxes and loss on sale	100.0		17.3			(1.8)		115.5
Pre-close transaction expenses(1)	11.3		—			—		11.3
Loss on sale of discontinued operations	—		82.5			—		82.5
Income (loss) from discontinued operations before income taxes	88.7		(65.2)			(1.8)		21.7
Provision for (benefit from) income taxes	1.3		(26.2)			(1.9)		(26.8)
Income (loss) from discontinued operations	$	87.4	$	(39.0)	0	$	0.1	$	48.5

(1)Includes legal fees and stock-based compensation expenses directly related to the sale incurred prior to the close of the transaction. Upon close of the transaction, these expenses are incorporated into the (gain)/loss on sale of discontinued operations.


	2022
(in millions)	CIT		CFT		CBF		Total
Revenues	$	845.4	$	297.1	$	—	$	1,142.5

Cost of goods sold	669.3		181.8		—		851.1
Other operating expenses, net	141.0		79.5		—		220.5
Operating income	35.1		35.8		—		70.9
Other non-operating (income) expense, net	(1.1)		—		12.4		11.3
Income (loss) from discontinued operations before income taxes and gain on sale	36.2		35.8		(12.4)		59.6
Gain on sale of discontinued operations	—		—		(7.0)		(7.0)
Income (loss) from discontinued operations before income taxes	36.2		35.8		(5.4)		66.6
Provision for (benefit from) income taxes	2.0		2.8		(4.2)		0.6
Income (loss) from discontinued operations	$	34.2	$	33.0	$	(1.2)	$	66.0


(in millions)	December 31, 2023
ASSETS
Cash and cash equivalents	$	28.8
Receivables, net	145.5
Inventories, net	149.5
Contract assets	75.9
Prepaid and other current assets	23.7


Property, plant, and equipment, net	183.4
Goodwill	838.0
Other intangible assets, net	259.3
Other long-term assets	21.5

Total assets of the disposal group classified as held for sale	$	1,725.6

LIABILITIES
Accounts payable	$	84.3
Contract liabilities	1.4
Accrued liabilities and other	52.4


Other long-term liabilities	80.7

Total liabilities of the disposal group classified as held for sale	$	218.8


	2024
(in millions)	CIT		CFT		Other		Total
Net cash provided by (used in) operating activities	$	8.9	$	(18.3)	$	0.5	$	(8.9)
Net cash provided by investing activities	1,986.3		—		—		1,986.3
Net cash (used in) provided by financing activities(1)	(2,024.0)		18.3		(0.5)		(2,006.2)
Change in cash and cash equivalents from discontinued operations	(28.8)		—		—		(28.8)
Cash and cash equivalents from discontinued operations at beginning of period	28.8		—		—		28.8
Cash and cash equivalents from discontinued operations at end of period	$	—	$	—	$	—	$	—


	2023
(in millions)	CIT		CFT		Other		Total
Net cash provided by operating activities	$	113.3	$	50.7	$	0.1	$	164.1
Net cash (used in) provided by investing activities	(28.8)		509.0		—		480.2
Net cash used in financing activities(1)	(79.6)		(571.0)		(0.1)		(650.7)
Change in cash and cash equivalents from discontinued operations	4.9		(11.3)		—		(6.4)
Cash and cash equivalents from discontinued operations at beginning of period	23.9		11.3		—		35.2
Cash and cash equivalents from discontinued operations at end of period	$	28.8	$	—	$	—	$	28.8


	2022
(in millions)	CIT		CFT		CBF		Total
Net cash provided by (used in) operating activities	$	42.9	$	25.8	$	(8.2)	$	60.5
Net cash (used in) provided by investing activities	(18.3)		(4.5)		132.0		109.2
Net cash used in financing activities(1)	(15.3)		(20.7)		(123.8)		(159.8)
Change in cash and cash equivalents from discontinued operations	9.3		0.6		—		9.9
Cash and cash equivalents from discontinued operations at beginning of period	14.6		10.7		—		25.3
Cash and cash equivalents from discontinued operations at end of period	$	23.9	$	11.3	$	—	$	35.2

(1)Represents (repayments) or borrowings from the Carlisle cash pool to fund working capital and capital expenditures and return of capital upon sale.