DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of loss from discontinued operations

Loss from discontinued operations for the years ended December 31, 2012 and 2011, consisted of the following (in millions):

	Years Ended December 31,
	2012			2011
Discontinued operations, net of income taxes:
Income from A&B	$	116.4		$	274.7
Expenses from A&B	(118.1		)	(243.5		)
Tax expense from A&B	(1.6		)	(7.2		)
(Loss) income from A&B	(3.3		)	24.0
Income from CLX2	—			92.7
Expenses from CLX2	(4.4		)	(149.4		)
Tax benefit from CLX2	1.6			21.1
Loss from discontinued operations, net of tax	$	(6.1	)	$	(11.6	)

Liabilities Associated with Termination of CLX2

The following table provides information regarding liabilities associated with the termination of CLX2 (in millions):

	Containers and Charter Liabilities			Other Contractual Liabilities			Total
Balance at December 31, 2011	$	4.8		$	0.1		$	4.9
Expenses incurred	4.5			0.0			4.5
Amounts paid	(9.3		)	(0.1		)	(9.4		)
Balance at December 31, 2012	$	—		$	—		$	—

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details