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Discontinued Operations
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
On December 20, 2018, we closed the sale of our oxygen-related products business, which was formerly within our BioMedical segment prior to our strategic realignment in the third quarter of 2018 discussed in Note 4, “Segment and Geographic Information,” to NGK SPARK PLUG CO., LTD. for $133.5 (the “Divestiture”). The strategic decision to divest the oxygen-related products business reflects our strategy and capital allocation approach to focus on our core capabilities and offerings. We recorded a gain on the Divestiture of $34.3 for the year ended December 31, 2018.
As a result of the Divestiture, the asset group, which included our respiratory and on-site generation systems businesses, met the criteria to be held for sale in the balance sheet as of December 31, 2017. Furthermore, we determined that the assets held for sale qualified for discontinued operations for the years ended December 31, 2018 and 2017. As such, the financial results of the respiratory therapy and on-site generation systems businesses are reflected in our consolidated statements of income and consolidated statements of comprehensive income as discontinued operations for all periods presented. Interest expense of $3.2 and $2.1 was allocated to discontinued operations for the years ended December 31, 2018 and 2017, respectively, based on the net assets of the discontinued operations as a percentage of the net assets of Chart.
Summarized Financial Information of Discontinued Operations
The following table represents income from discontinued operations, net of tax:
 
Year Ended December 31,
 
2018
 
2017
Sales
$
157.0

 
$
145.9

Cost of sales
115.8

 
105.4

Selling, general and administrative expenses
32.7

 
34.2

Amortization expense
2.3

 
2.8

Operating income (1)
6.2

 
3.5

Interest expense, net
3.2

 
2.1

Other expense (income), net
0.1

 
(1.1
)
Income before income taxes
2.9

 
2.5

Income tax expense
2.8

 
0.7

Income from discontinued operations before gain on sale of business
0.1

 
1.8

Gain on sale of business, net of taxes of $2.6
34.3

 
—

Income from discontinued operations, net of tax
$
34.4

 
$
1.8

_______________
(1) 
Includes depreciation expense of $1.7 and $1.6 for the years ended December 31, 2018 and 2017, respectively.