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DISCONTINUED OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | The following table summarizes the major line items constituting pretax income of discontinued operations associated with the Distribution business segment for the years ended December 31, 2022, 2021 and 2020.
(In millions) | 2022 |  | 2021 |  | 2020
Sales | $ | 1,331.7 |  |  | $ | 1,503.3 |  |  | $ | 1,027.5 |
Cost of sales | (1,191.9) |  |  | (1,347.5) |  |  | (903.3) |
Selling and administrative expense | (41.9) |  |  | (54.7) |  |  | (47.3) |
Pre-tax gain on sale | 717.0 |  |  | — |  |  | — |
Income from discontinued operations before income taxes | 814.9 |  |  | 101.1 |  |  | 76.9 |
Income tax expense | (194.6) |  |  | (22.1) |  |  | (16.3) |
Income from discontinued operations, net of income taxes | $ | 620.3 |  |  | $ | 79.0 |  |  | $ | 60.6 |
The following table summarizes the major classes of assets and liabilities of the Distribution business that were classified as held for sale in the consolidated balance sheets as of December 31, 2021.
(In millions) |  | December 31, 2021
Accounts receivable, net |  | $ | 202.4 |
Inventories, net |  | 155.3 |
Other current assets |  | 2.5 |
Current assets held for sale |  | $ | 360.2 |
Property, net |  | 3.9 |
Goodwill |  | 1.6 |
Other non-current assets |  | 16.5 |
Non-current assets held for sale |  | $ | 22.0 |
Accounts payable |  | $ | 124.4 |
Other current liabilities |  | 16.9 |
Total current liabilities held for sale |  | $ | 141.3 |
Non-current operating lease obligations |  | 12.8 |
Other non-current liabilities |  | 0.3 |
Total non-current liabilities held for sale |  | $ | 13.1 |

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