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Divestitures and Planned Divestitures (Tables)
 12 Months Ended
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Amounts Included in Discontinued Operations

The following table provides a summary of amounts included in discontinued operations, which primarily relate to the Endicia and Culinary electrics and retail businesses (in millions):

 

     2017      2016      2015  

Net sales

    $ —        $ —        $ 56.5  
  

 

 

     

 

 

     

 

 

  

Loss from discontinued operations before income taxes

    $ —        $ (1.9 )     $ (7.7 ) 

Income tax benefit

      —          (0.6 )       (2.8 ) 
  

 

 

     

 

 

     

 

 

  

Loss from discontinued operations

      —          (1.3 )       (4.9 ) 

Net gain from sale of discontinued operations, net of tax

      —          0.6        95.6  
  

 

 

     

 

 

     

 

 

  

Income (loss) from discontinued operations, net of tax

    $ —        $ (0.7 )     $ 90.7  
  

 

 

     

 

 

     

 

 

  
Schedule of Major Classes of Assets and Liabilities Held for Sale

The following table presents information related to the major classes of assets and liabilities that were classified as assets and liabilities held for sale in the Consolidated Balance Sheets as of December 31, (in millions):

 

     2017      2016  

Accounts receivable, net

    $ —        $ 164.4  

Inventories, net

      —          311.6  

Prepaid expenses and other

      —          24.3  

Property, plant and equipment, net

      4.0      224.9  

Goodwill

      —          762.5  

Other intangible assets, net

      —          244.5  

Other assets

      —          13.5  
  

 

 

     

 

 

  

Total Assets Held for Sale

    $ 4.0      $ 1,745.7  
  

 

 

     

 

 

  

Accounts payable

    $ —        $ 88.2  

Accrued compensation

      —          35.3  

Other accrued liabilities

      —          81.6  

Short-term debt and current portion long-term debt

      —          4.3  

Other noncurrent liabilities

      —          131.1  
  

 

 

     

 

 

  

Total Liabilities Held for Sale

    $ —        $ 340.5