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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Summary Activity of Discontinued Operations | A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income follows:
|  | Three Months Ended June 30, 2025
|  | CIT |  |  |  | Other |  | Total
(Loss) income from discontinued operations before income taxes(1) |  | (0.2) |  |  |  |  | 0.1 |  |  | (0.1) |
Benefit from provision for income taxes |  | (0.2) |  |  |  |  | (0.2) |  |  | (0.4) |
Income from discontinued operations |  | $ | — |  |  |  |  | $ | 0.3 |  |  | $ | 0.3 |
(1)Related to other non-operating income and expenses
|  | Three Months Ended June 30, 2024
|  | CIT |  |  |  | Other |  | Total
Revenues |  | $ | 115.2 |  |  |  |  | $ | — |  |  | $ | 115.2 |
Cost of goods sold |  | 83.7 |  |  |  |  | — |  |  | 83.7 |
Other operating expense (income), net |  | 11.9 |  |  |  |  | — |  |  | 11.9 |
Operating income |  | 19.6 |  |  |  |  | — |  |  | 19.6 |
Other non-operating expense (income), net |  | 0.1 |  |  |  |  | 1.5 |  |  | 1.6 |
Income (loss) from discontinued operations before income taxes and gain on sale |  | 19.5 |  |  |  |  | (1.5) |  |  | 18.0 |
(Gain) loss on sale of discontinued operations |  | (462.3) |  |  |  |  | 0.1 |  |  | (462.2) |
Income (loss) from discontinued operations before income taxes |  | 481.8 |  |  |  |  | (1.6) |  |  | 480.2 |
Provision for (benefit from) income taxes |  | 53.6 |  |  |  |  | (0.6) |  |  | 53.0 |
Income (loss) from discontinued operations |  | $ | 428.2 |  |  |  |  | $ | (1.0) |  |  | $ | 427.2 |
|  | Six Months Ended June 30, 2025
|  | CIT |  |  |  | Other |  | Total
(Loss) income from discontinued operations before income taxes(1) |  | (0.5) |  |  |  |  | 2.7 |  |  | 2.2 |
(Benefit from) provision for income taxes |  | (1.3) |  |  |  |  | — |  |  | (1.3) |
Income from discontinued operations |  | $ | 0.8 |  |  |  |  | $ | 2.7 |  |  | $ | 3.5 |
(1)Related to other non-operating income and expenses
|  | Six Months Ended June 30, 2024
|  | CIT |  |  |  | Other |  | Total
Revenues |  | $ | 328.6 |  |  |  |  | $ | — |  |  | $ | 328.6 |
Cost of goods sold |  | 237.5 |  |  |  |  | — |  |  | 237.5 |
Other operating expense (income), net |  | 34.4 |  |  |  |  | — |  |  | 34.4 |
Operating income |  | 56.7 |  |  |  |  | — |  |  | 56.7 |
Other non-operating expense (income), net |  | (0.1) |  |  |  |  | 9.1 |  |  | 9.0 |
Income (loss) from discontinued operations before income taxes and gain on sale |  | 56.8 |  |  |  |  | (9.1) |  |  | 47.7 |
(Gain) loss on sale of discontinued operations |  | (454.7) |  |  |  |  | 0.3 |  |  | (454.4) |
Income (loss) from discontinued operations before income taxes |  | 511.5 |  |  |  |  | (9.4) |  |  | 502.1 |
Provision for (benefit from) income taxes |  | 57.0 |  |  |  |  | (3.5) |  |  | 53.5 |
Income (loss) from discontinued operations |  | $ | 454.5 |  |  |  |  | $ | (5.9) |  |  | $ | 448.6 |
A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows:
|  | Six Months Ended June 30, 2025
(in millions) |  | CIT |  |  |  | Other |  | Total
Net cash provided by operating activities |  | $ | 0.8 |  |  |  |  | $ | 2.7 |  |  | $ | 3.5 |
Net cash provided by investing activities |  | — |  |  |  |  | — |  |  | — |
Net cash used in financing activities |  | (0.8) |  |  |  |  | (2.7) |  |  | (3.5) |
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 |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |
|  | Six Months Ended June 30, 2024
(in millions) |  | CIT |  |  |  | Other |  | Total
Net cash provided by (used in) operating activities |  | $ | 20.0 |  |  |  |  | $ | (5.9) |  |  | $ | 14.1 |
Net cash provided by investing activities |  | 1,983.6 |  |  |  |  | — |  |  | 1,983.6 |
Net cash (used in) provided by financing activities(1) |  | (2,032.4) |  |  |  |  | 5.9 |  |  | (2,026.5) |
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 |  | $ | — |  |  |  |  | $ | — |  |  | $ | — |
(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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