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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2015
Summary of the Results of Discontinued Operations

The following table summarizes the results of discontinued operations for the years ended December 31, 2015, 2014 and 2013. The year ended December 31, 2015 on a pre-tax basis consists of Waterloo only, however comparable periods in 2014 and 2013 include both Waterloo and Simonton.

 

       
(in millions)    2015      2014      2013  

Net sales

    $ 78.2       $ 369.4       $ 453.8   

(Loss) income from discontinued operations before income taxes

    $ (16.0 )     $ (90.8 )     $ 34.4   

Income tax (benefit) expense

      (25.0 )       23.5         12.5   

Income (loss) from discontinued operations, net of tax

    $ 9.0       $ (114.3 )     $ 21.9   

The following table summarizes the major classes of assets and liabilities of Waterloo, which is reflected as a discontinued operation on the consolidated balance sheet as of December 31, 2014:

 

   
(in millions)    2014    

Accounts receivable, net

    $ 40.1   

Inventories

      15.9   

Other current assets

      7.3   

Total current assets

      63.3   

Property, plant and equipment, net

      13.3   

Other non-current assets

      4.0   

Total assets

    $ 80.6   

Accounts payable

    $ 8.5   

Other current liabilities

      9.0   

Total current liabilities

      17.5   

Other non-current liabilities

      3.4   

Total liabilities

    $ 20.9