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Divestitures and Held for Sale (Tables)
 3 Months Ended
Mar. 31, 2019
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 periods indicated (in millions):
 
 
 
Three Months Ended
March 31,
 
 
 
2019
 
 
2018
 
Net sales
 
$
540.9
 
 
$
1,205.9
 
Cost of products sold
 
 
378.8
 
 
 
805.8
 
Selling, general and administrative expenses
 
 
76.7
 
 
 
254.1
 
Restructuring costs, net
 
 
—
 
 
 
2.5
 
Impairment of goodwill, intangibles and other assets
 
 
174.7
 
 
 
—
 
Operating income (loss)
 
 
(89.3
)
 
 
143.5
 
Non-operating expense (income)
 
 
(3.2
)
 
 
0.4
 
Income (loss) before income taxes
 
 
(86.1
)
 
 
143.1
 
Income tax expense (benefit)
 
 
(6.7
)
 
 
35.1
 
Net income (loss)
 
$
(79.4
)
 
$
108.0
 
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 condensed consolidated balance sheets as of the dates indicated (in millions):
 
 
 
March 31,
2019
 
 
December 31,
2018(1)
 
Accounts receivable, net
 
$
413.8
 
 
$
411.7
 
Inventories
 
 
378.2
 
 
 
338.7
 
Prepaid expenses and other
 
 
37.4
 
 
 
42.8
 
Property, plant and equipment, net
 
 
510.8
 
 
 
515.9
 
Operating lease assets
 
 
74.3
 
 
 
—
 
Goodwill
 
 
877.4
 
 
 
942.4
 
Other intangible assets, net
 
 
1,150.6
 
 
 
1,270.8
 
Other assets
 
 
13.6
 
 
 
12.9
 
Current assets held for sale
 
$
3,456.1
 
 
$
3,535.2
 
Accounts payable
 
$
240.7
 
 
$
256.7
 
Accrued compensation
 
 
49.3
 
 
 
57.0
 
Other accrued liabilities
 
 
146.5
 
 
 
154.4
 
Deferred income taxes
 
 
219.6
 
 
 
250.0
 
Operating lease liabilities
 
 
78.9
 
 
 
—
 
Other liabilities
 
 
12.1
 
 
 
16.0
 
Current liabilities held for sale
 
$
747.1
 
 
$
734.1
 
 
(1)
See Footnote 1.