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Divestitures and Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Group Activity | Results of discontinued operations were as follows (in millions):
| Three months ended June 30, |  | Six months ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Sales | $ | 173.9 |  |  | $ | 206.2 |  |  | $ | 349.3 |  |  | $ | 399.4 |
Cost of sales | 131.0 |  |  | 152.2 |  |  | 262.9 |  |  | 296.7 |
Other costs and expenses | 48.5 |  |  | 49.9 |  |  | 97.5 |  |  | 97.4 |
Income (loss) from discontinued operations before income taxes | (5.6) |  |  | 4.1 |  |  | (11.1) |  |  | 5.3 |
Income tax expense (benefit) | (1.4) |  |  | 0.8 |  |  | (2.7) |  |  | 0.9 |
Income (loss) from discontinued operations, net of tax | (4.2) |  |  | 3.3 |  |  | (8.4) |  |  | 4.4 |
Impairment of discontinued operations | 187.8 |  |  | — |  |  | 187.8 |  |  | — |
Provision for income taxes | (45.6) |  |  | — |  |  | (45.6) |  |  | — |
Impairment of discontinued operations, net of tax | 142.2 |  |  | — |  |  | 142.2 |  |  | — |
Net income (loss) from discontinued operations | $ | (146.4) |  |  | $ | 3.3 |  |  | $ | (150.6) |  |  | $ | 4.4 |
The carrying amounts of major classes of assets and liabilities of discontinued operations were as follows (in millions):
|  | June 30, 2022 |  | December 31, 2021
Cash |  | $ | 9.5 |  |  | $ | 6.9 |
Trade receivables |  | 7.8 |  |  | 12.6 |
Inventories, net |  | 141.5 |  |  | 134.1 |
Other current assets |  | 9.4 |  |  | 9.6 |
Current assets held for sale |  | $ | 168.2 |  |  | $ | 163.2 |
Property and equipment, net |  | $ | 47.1 |  |  | $ | 47.7 |
Intangible assets, net |  | 98.5 |  |  | 102.3 |
Operating lease assets |  | 77.8 |  |  | 74.8 |
Other long-term assets |  | 1.7 |  |  | 1.2 |
Valuation allowance on disposal group classified as discontinued operations |  | $ | (187.8) |  |  | $ | — |
Long-term assets held for sale |  | $ | 37.3 |  |  | $ | 226.0 |
Accounts payable |  | $ | 16.4 |  |  | $ | 21.5 |
Accrued expenses and other current liabilities |  | 57.2 |  |  | 66.5 |
Current operating lease liabilities |  | 20.7 |  |  | 19.8 |
Current liabilities held for sale |  | $ | 94.3 |  |  | $ | 107.8 |
Long-term operating lease liabilities |  | $ | 59.3 |  |  | $ | 57.2 |
Other long-term liabilities |  | 8.9 |  |  | 8.9 |
Long-term liabilities held for sale |  | $ | 68.2 |  |  | $ | 66.1 |

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