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Discontinued Operations | 3 Months Ended
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Mar. 31, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Discontinued Operations | Discontinued Operations On May 21, 2024, the Company completed the sale of Carlisle Interconnect Technologies ("CIT") for cash proceeds of $2.025 billion, subject to certain customary purchase price adjustments, which were finalized in the third quarter of 2024. A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows:
|  | Three Months Ended March 31, 2025
|  | CIT |  |  |  | Other |  | Total
(Loss) income from discontinued operations before income taxes(1) |  | (0.3) |  |  |  |  | 2.6 |  |  | 2.3 |
(Benefit from) provision for from income taxes |  | (1.1) |  |  |  |  | 0.2 |  |  | (0.9) |
Income from discontinued operations |  | $ | 0.8 |  |  |  |  | $ | 2.4 |  |  | $ | 3.2 |
(1)Related to other non-operating income and expenses
|  | Three Months Ended March 31, 2024
|  | CIT |  |  |  | Other |  | Total
Revenues |  | $ | 213.4 |  |  |  |  | $ | — |  |  | $ | 213.4 |
Cost of goods sold |  | 153.8 |  |  |  |  | — |  |  | 153.8 |
Other operating expense (income), net |  | 22.5 |  |  |  |  | — |  |  | 22.5 |
Operating income |  | 37.1 |  |  |  |  | — |  |  | 37.1 |
Other non-operating expense (income), net |  | (0.2) |  |  |  |  | 7.6 |  |  | 7.4 |
Income (loss) from discontinued operations before income taxes and loss from classification to held for sale |  | 37.3 |  |  |  |  | (7.6) |  |  | 29.7 |
Loss on sale of discontinued operations |  | — |  |  |  |  | 0.2 |  |  | 0.2 |
Pre-close transaction expenses(1) |  | 7.6 |  |  |  |  | — |  |  | 7.6 |
Income (loss) from discontinued operations before income taxes |  | 29.7 |  |  |  |  | (7.8) |  |  | 21.9 |
Provision for (benefit from) income taxes |  | 3.4 |  |  |  |  | (2.9) |  |  | 0.5 |
Income (loss) from discontinued operations |  | $ | 26.3 |  |  |  |  | $ | (4.9) |  |  | $ | 21.4 |
(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. A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows:
|  | Three Months Ended March 31, 2025
(in millions) |  | CIT |  |  |  | Other |  | Total
Net cash provided by operating activities |  | $ | 0.8 |  |  |  |  | $ | 2.4 |  |  | $ | 3.2 |
Net cash provided by investing activities |  | — |  |  |  |  | — |  |  | — |
Net cash used in financing activities(1) |  | (0.8) |  |  |  |  | (2.4) |  |  | (3.2) |
Change in cash and cash equivalents from discontinued operations |  | — |  |  |  |  | — |  |  | — |
Cash and cash equivalents from discontinued operations at beginning of period |  | — |  |  |  |  | — |  |  | — |
Cash and cash equivalents from discontinued operations at end of period |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |
|  | Three Months Ended March 31, 2024
(in millions) |  | CIT |  |  |  | Other |  | Total
Net cash provided by (used in) operating activities |  | $ | 12.4 |  |  |  |  | $ | (4.9) |  |  | $ | 7.5 |
Net cash used in investing activities |  | (8.3) |  |  |  |  | — |  |  | (8.3) |
Net cash (used in) provided by financing activities(1) |  | (15.3) |  |  |  |  | 4.9 |  |  | (10.4) |
Change in cash and cash equivalents from discontinued operations |  | (11.2) |  |  |  |  | — |  |  | (11.2) |
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 |  | $ | 17.6 |  |  |  |  | $ | — |  |  | $ | 17.6 |
(1)Represents (repayments) or borrowings from 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 -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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