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Discontinued Operations (Tables) | 3 Months Ended
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Mar. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Financial Results and Major Classes of Assets and Liabilities from Discontinued Operations | Financial results from discontinued operations:
| Three Months Ended |  |
| March 31, |  |
(in millions) | 2022 |  | 2021 |  |  |  |
Net sales | $ | 70.4 |  |  | $ | 53.9 |  |  |  |  |
Cost of sales | 52.4 |  |  | 43.1 |  |  |  |  |
Selling, general and administrative | 4.6 |  |  | 4.4 |  |  |  |  |
Income from discontinued operations | $ | 13.4 |  |  | $ | 6.4 |  |  |  |  |
Income tax provision | 3.1 |  |  | 1.4 |  |  |  |  |
Income from discontinued operations, net of tax | $ | 10.3 |  |  | $ | 5.0 |  |  |  |  |
Major classes of assets and liabilities to be transferred in the transaction:
(in millions) |  | March 31, 2022 |  | December 31, 2021
Assets: |  |  |  |
Accounts receivable, net |  | $ | 20.7 |  |  | $ | 10.6 |
Inventories, net |  | 10.9 |  |  | 8.2 |
Other current assets |  | 0.8 |  |  | 0.6 |
Current assets held for sale (a) |  | 32.4 |  |  | 19.4 |
Property, plant and equipment, net |  | 28.8 |  |  | 28.3 |
Other assets |  | 0.4 |  |  | 0.3 |
Intangible assets, net |  | 1.2 |  |  | 1.2 |
Goodwill |  | 171.3 |  |  | 171.3 |
Long-term assets held for sale (a) |  | 201.7 |  |  | 201.1 |
Assets held for sale |  | $ | 234.1 |  |  | $ | 220.5 |
Liabilities: |  |  |  |
Accounts payable |  | $ | 28.9 |  |  | $ | 27.0 |
Accrued liabilities |  | 6.7 |  |  | 12.0 |
Current liabilities held for sale (a) |  | 35.6 |  |  | 39.0 |
Long-term deferred tax liability |  | 5.8 |  |  | 5.8 |
Other liabilities |  | 0.1 |  | 0.1
Long-term liabilities held for sale (a) |  | 5.9 |  |  | 5.9 |
Liabilities held for sale |  | $ | 41.5 |  |  | $ | 44.9 |
(a) We reasonably expect to close on this transaction within one year and therefore have presented the assets and liabilities as current as of March 31, 2022.

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