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Divestitures and Held for Sale (Tables) | 12 Months Ended
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Dec. 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 years ended December 31, (in millions):
| 2019 |  | 2018 |  | 2017
Net sales (1) | $ | 368.2 |  |  | $ | 2,879.1 |  |  | $ | 3,524.4 |
Cost of products sold (1) | 266.2 |  |  | 1,798.3 |  |  | 2,245.6 |
Selling, general and administrative expenses | 47.7 |  |  | 623.8 |  |  | 753.1 |
Restructuring costs, net | — |  |  | 3.2 |  |  | 16.6 |
Impairment of goodwill, intangibles and other assets | 112.1 |  |  | 1,464.4 |  |  | 0.7 |
Operating income (loss) | (57.8 | ) |  | (1,010.6 | ) |  | 508.4 |
Non-operating expense (income) (2) | (9.3 | ) |  | (830.4 | ) |  | (1.3 | )
Income (loss) before income taxes | (48.5 | ) |  | (180.2 | ) |  | 509.7 |
Income tax expense | 31.0 |  |  | 129.5 |  |  | 195.2 |
Net income (loss) | $ | (79.5 | ) |  | $ | (309.7 | ) |  | $ | 314.5 |
(1) | 2018 includes a reclassification from cost of products sold to net sales of $12.8 million related to the adoption of Topic 606.
(2) 2019 and 2018 include gains on sale of discontinued operations of $7.3 million and $831 million, respectively.
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 at December 31, (in millions):
| 2019 |  | 2018
Accounts receivable, net | $ | — |  |  | $ | 98.9 |
Inventories | — |  |  | 161.1 |
Prepaid expenses and other current assets | — |  |  | 23.6 |
Property, plant and equipment, net | — |  |  | 215.4 |
Goodwill | — |  |  | 38.7 |
Other intangible assets, net | — |  |  | 699.8 |
Other assets | — |  |  | 6.3 |
Current assets held for sale | $ | — |  |  | $ | 1,243.8 |
Accounts payable | $ | — |  |  | $ | 84.6 |
Accrued compensation | — |  |  | 23.2 |
Other accrued liabilities | — |  |  | 27.1 |
Deferred income taxes | — |  |  | 152.7 |
Other liabilities | — |  |  | 4.8 |
Current liabilities held for sale | $ | — |  |  | $ | 292.4 |

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