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Discontinued Operations and Other Businesses Sold (Tables)
12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Summarized Financial Information of Discontinued Operations
The following table represents income from discontinued operations, net of tax:
Year Ended December 31,
2024
2023 (1)
2022 (3)
Sales$— $58.8 $— 
Cost of sales— 41.4 — 
Gross profit— 17.4 — 
Selling, general, and administrative expenses1.3 7.4 74.8 
Operating income(1.3)10.0 (74.8)
Other expenses:
Interest expense, net— 8.9 — 
Foreign currency loss— 0.1 — 
Other expense, net— 9.0 — 
(Loss) income before income taxes(1.3)1.0 (74.8)
Income tax expense (benefit)0.2 1.2 (17.2)
Loss from discontinued operations before gain on sale of business(1.5)(0.2)(57.6)
Loss on sale of business, net of $0.5 and $5.4 taxes (2)
2.0 0.4 — 
Total loss from discontinued operations, net of tax$(3.5)$(0.6)$(57.6)
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(1)The Roots business was acquired on March 17, 2023 and held for sale until the sale was completed on August 18, 2023.
(2)The loss (gain) on sale of the Roots business was $2.5 and $(5.0) before taxes for the year ended December 31, 2024 and December 31, 2023, respectively.
(3)Loss from discontinued operations, net of tax for the year ended December 31, 2022 relates to the divestiture of our cryobiological products business and the associated Pacific Fertility lawsuits that Chart retained after the divestiture. We reached a settlement in late January 2023 to resolve the Pacific Fertility Center lawsuits. We recorded a net loss of approximately $73.0 in discontinued operations for the year ended December 31, 2022, which represented the expected out-of-pocket payments in connection with these settlements.