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Divestitures and Held for Sale (Tables) | 12 Months Ended
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Dec. 31, 2018
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 for the years ended December 31, (in millions):
|  | 2018 |  |  | 2017 |  |  | 2016 |
Net sales (1) |  | $ | 4,402.2 |  |  | $ | 5,142.8 |  |  | $ | 4,055.2 |
Cost of products sold (1) |  |  | 2,812.5 |  |  |  | 3,316.5 |  |  |  | 2,627.3 |
Selling, general and administrative expenses |  |  | 836.8 |  |  |  | 971.6 |  |  |  | 621.3 |
Restructuring costs, net |  |  | 9.5 |  |  |  | 24.3 |  |  |  | 12.7 |
Impairment of goodwill, intangibles and other assets |  |  | 1,467.5 |  |  |  | 0.7 |  |  |  | — |
Operating income (loss) |  |  | (724.1 | ) |  |  | 829.7 |  |  |  | 793.9 |
Non-operating expense (income) (2) |  |  | (831.9 | ) |  |  | (6.9 | ) |  |  | (1.1 | )
Income before income taxes |  |  | 107.8 |  |  |  | 836.6 |  |  |  | 795.0 |
Income tax expense |  |  | 236.1 |  |  |  | 258.6 |  |  |  | 228.9 |
Net income (loss) |  | $ | (128.3 | ) |  | $ | 578.0 |  |  | $ | 566.1 |
(1) | 2018 includes a reclassification from cost of products sold to net sales of $51.3 million related to the adoption of Topic 606. See Footnotes 1 and 2 for additional information regarding the Company’s adoption of Topic 606.
(2) | 2018 includes a gain on sale of discontinued operations of $832 million.
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):
|  | 2018 |  |  | 2017 |
Accounts receivable, net |  | $ | 411.7 |  |  | $ | 794.7 |
Inventories, net |  |  | 338.7 |  |  |  | 836.4 |
Prepaid expenses and other |  |  | 40.4 |  |  |  | 87.6 |
Property, plant and equipment, net (1) (2) |  |  | 515.9 |  |  |  | 291.9 |
Goodwill (1) |  |  | 954.4 |  |  |  | 1,966.3 |
Other intangible assets, net (1) |  |  | 1,270.8 |  |  |  | 2,364.1 |
Other assets (1) |  |  | 9.4 |  |  |  | 29.4 |
Current assets held for sale |  | $ | 3,541.3 |  |  | $ | 6,370.4 |
Property, plant and equipment, net |  | $ | — |  |  | $ | 447.2 |
Goodwill |  |  | — |  |  |  | 1,720.8 |
Other intangible assets, net |  |  | — |  |  |  | 1,672.3 |
Other assets (1) |  |  | — |  |  |  | 1.9 |
Noncurrent assets held for sale |  | $ | — |  |  | $ | 3,842.2 |
Accounts payable |  | $ | 256.7 |  |  | $ | 534.8 |
Accrued compensation |  |  | 57.0 |  |  |  | 101.6 |
Other accrued liabilities |  |  | 152.9 |  |  |  | 434.0 |
Deferred income taxes (1) |  |  | 170.3 |  |  |  | 526.0 |
Other liabilities (1) |  |  | 13.5 |  |  |  | 64.9 |
Current liabilities held for sale |  | $ | 650.4 |  |  | $ | 1,661.3 |
Deferred income taxes (1) |  | $ | — |  |  | $ | 228.3 |
Other liabilities (1) |  |  | — |  |  |  | 14.2 |
Noncurrent liabilities held for sale |  | $ | — |  |  | $ | 242.5 |
(1) | Classification as current or long-term based on management’s best estimate as to the timing of the disposal of the underlying asset or liability as of the respective dates indicated.
(2) | Balance at December 31, 2017, includes a $4.0 million building held for sale that is not included in discontinued operations. This building was sold during 2018.

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