Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of the Results of Discontinued Operations

The following table summarizes the results of discontinued operations for the three months ended March 31, 2015 and 2014.


(in millions)	Three Months Ended March 31,
	2015			2014

Net sales	$	22.9		$	77.1

Loss from discontinued operations before income taxes	$	(0.8	)	$	(7.2	)
Income taxes		(0.2	)		(2.1	)

Loss from discontinued operations, net of tax	$	(0.6	)	$	(5.1	)

The following table summarizes the major classes of assets and liabilities of Waterloo, which are now reflected as a discontinued operation on the consolidated balance sheet:


(in millions)	March 31, 2015		December 31, 2014

Accounts receivable, net	$	17.9	$	40.1
Inventories		16.1		15.9
Other current assets		4.6		7.3

Total current assets		38.6		63.3
Property, plant and equipment, net		13.8		13.3
Other non-current assets		4.5		4.0

Total assets	$	56.9	$	80.6


Accounts payable	$	6.0	$	8.5
Other current liabilities		5.8		9.0

Total current liabilities		11.8		17.5
Other non-current liabilities		2.7		3.4

Total liabilities	$	14.5	$	20.9

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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