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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Summarized financial information of discontinued operations
The following table represent the assets and liabilities from discontinued operations:
June 30, 2023
Accounts receivable, less allowances$17.6 
Inventories, net40.0 
Unbilled contract revenue3.8 
Prepaid expenses0.3 
Property, plant, and equipment, net35.0 
Goodwill102.2 
Identifiable intangible assets, net108.5 
Total assets of discontinued operations$307.4 
Accounts payable$15.6 
Customer advances and billings in excess of contract revenue9.5 
Accrued salaries, wages, and benefits1.5 
Current portion of warranty reserve0.8 
Short-term debt and current portion of long-term debt0.2 
Operating lease liabilities, current0.3 
Other current liabilities0.3 
Operating lease liabilities, non-current1.8 
Total liabilities of discontinued operations$30.0 
The following table represents income from discontinued operations, net of tax:
Three Months Ended June 30, 2023Six Months Ended June 30, 2023
Sales$34.9 $41.3 
Cost of sales21.8 26.0 
Gross profit13.1 15.3 
Selling, general, and administrative expenses3.8 4.8 
Operating expenses3.8 4.8 
Operating income9.3 10.5 
Other expenses:
Interest expense, net5.9 5.9 
Foreign currency loss0.1 0.1 
Other expense, net6.0 6.0 
Income before income taxes3.3 4.5 
Income tax expense0.8 1.1 
Total income from discontinued operations, net of tax$2.5 $3.4 
The following table represents a summary of cash flows related to discontinued operations:
Net cash provided by (used in):Six Months Ended June 30, 2023
Operating activities$(5.5)
Investing activities(2.1)
Net cash used in discontinued operations$(7.6)