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DISCONTINUED OPERATIONS AND ASSETS AND LIABILITIES HELD FOR SALE (Tables)
 3 Months Ended
Mar. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of disposal groups, including discontinued operations
The following amounts related to discontinued operations were derived from historical financial information and have been segregated from continuing operations and reported as discontinued operations in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions):

 
Three Months Ended
March 31,
 
 
2019
 
2018
Net sales
$
125.9

 
$
144.3

Cost of sales
(140.3
)
 
(142.0
)
Selling, general and administrative expenses
(31.0
)
 
(25.3
)
Impairment of Mobile Cranes disposal group
(86.1
)
 
—

Other income (expense)
(2.3
)
 
(0.9
)
Income (loss) from discontinued operations before income taxes
(133.8
)
 
(23.9
)
(Provision for) benefit from income taxes
9.4

 
2.8

Income (loss) from discontinued operations – net of tax
(124.4
)
 
(21.1
)
The following table provides the amounts of assets and liabilities held for sale in the Condensed Consolidated Balance Sheet (in millions):

 
March 31, 2019
 
December 31, 2018
 
Cranes
 
Cranes
Assets
 
 
 
Cash and cash equivalents
$
25.6

 
$
32.6

Trade receivables – net
84.5

 
126.9

Inventories
299.7

 
295.5

Prepaid and other current assets
11.3

 
9.4

Impairment reserve
(14.5
)
 
(4.9
)
Current assets held for sale
$
406.6

 
$
459.5

 
 
 
 
Property, plant and equipment – net
$
28.0

 
$
28.8

Intangible assets
4.2

 
4.3

Impairment reserve
(79.3
)
 
(2.9
)
Other assets
53.9

 
38.2

Non-current assets held for sale
$
6.8

 
$
68.4

 
 
 
 
Liabilities
 

 
 

Notes payable and current portion of long-term debt
$
0.6

 
$
0.6

Trade accounts payable
77.5

 
101.6

Accruals and other current liabilities
64.3

 
77.3

Current liabilities held for sale
$
142.4

 
$
179.5

 
 
 
 
Long-term debt, less current portion
$
3.8

 
$
4.1

Retirement plans and other non-current liabilities
68.5

 
71.8

Non-current liabilities
18.0

 
10.6

Non-current liabilities held for sale
$
90.3

 
$
86.5


The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions):

 
March 31, 2019
 
December 31, 2018
Cash and cash equivalents:
 
 
 
Cash and cash equivalents - continuing operations
$
304.6

 
$
339.5

Cash and cash equivalents - held for sale
25.6

 
32.6

Total cash and cash equivalents
$
330.2

 
$
372.1


The following table provides supplemental cash flow information related to discontinued operations (in millions):

 
Three Months Ended
March 31,
 
 
2019
 
2018
Non-cash operating items:
 
 
 
Depreciation and amortization
$
2.2

 
$
3.9

Impairments
$
86.1

 
$
0.2

Deferred taxes
$
(3.3
)
 
$
(0.2
)
Investing activities:
 
 
 
Capital expenditures
$
(1.6
)
 
$
(3.2
)

Gain (loss) on disposition of discontinued operations - net of tax (in millions):


Three Months Ended
 
March 31,
 
2019

2018

Material Handling and Port Solutions

Atlas
Gain (loss) on disposition of discontinued operations
$
(1.3
)
 
$
3.2

(Provision for) benefit from income taxes
1.9

 
(0.5
)
Gain (loss) on disposition of discontinued operations – net of tax
$
0.6

 
$
2.7