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Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
For the quarter ended September 30, 2022 and the nine months ended September 30, 2023 and 2022, the results of operations from the discontinued Engineered Materials segment were as follows:
(in millions)Quarter Ended September 30,Nine Months Ended September 30,
202220232022
Net sales$51.8 $2.0 $166.6 
Cost of sales34.9 1.3 109.1 
Gross profit16.9 0.7 57.5 
Operating expenses:
Selling, general and administrative13.0 0.4 39.3 
Other— — 0.2 
Total operating expenses13.0 0.4 39.5 
Income from discontinued operation before income tax3.9 0.3 18.0 
Income tax expense(3.2)(0.1)(4.1)
Income from discontinued operations, net of tax0.7 0.2 13.9 
Gain from sale of discontinued operation, net of tax— 11.2 — 
Income from discontinued operations, including gain on sale, net of tax$0.7 $11.4 $13.9 
The major classes of assets and liabilities for the discontinued Engineered Materials segment are shown below:
(in millions)December 31,
2022
Assets:
Accounts receivable $3.8 
Inventories3.1 
Property, plant and equipment7.6 
Intangible assets1.2 
Other assets0.2 
Current assets of discontinued operation$15.9 
Liabilities
Accounts payable$1.4 
Accrued expenses0.9 
Current liabilities of discontinued operation$2.3