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Discontinued Operations
 9 Months Ended
Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations
 
The Company's former paper mill in Medan, Indonesia and closed paper mill in San Pedro, Philippines have been reported as discontinued operations. The sale of the Indonesian mill was finalized in the second quarter of 2013 and a $1.6 million non-cash loss was recorded in discontinued operations. For all periods presented, results of both of these mills have been removed from each individual line within the statements of income and the operating activities section of the statements of cash flow. In each case, a separate line has been added for the net results of discontinued operations.

In the consolidated balance sheets, the assets and liabilities of the Indonesia mill were classified as Held-for-Sale as of December 31, 2012 and therefore, except for cash and cash equivalents, assets and liabilities of the Indonesian mill were included in other current assets and accrued expenses, respectively, since December 31, 2012. Property, plant and equipment, net, of the Philippines mill was classified as Held-for-Sale and has been included in other current assets since March 31, 2013. Prior year balances have not been reclassified in the consolidated balance sheets.

Included in Other Current Assets and Accrued Expenses within the condensed consolidated balance sheet are the following major classes of assets and liabilities, respectively, associated with the discontinued operations ($ in millions):

 
September 30, 2013
 
December 31, 2012
Assets of discontinued operations:
 
 
 
Current assets
$
1.5

 
$
7.7

Property, Plant and Equipment, net
4.6

 
—

Noncurrent deferred income tax benefits
—

 
0.8

Other assets
3.4

 
0.2

 
 
 
 
Liabilities of discontinued operations:
 
 
 

Current liabilities
1.2

 
2.1


Summary financial results of discontinued operations were as follows ($ in millions):
 
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2013
 
September 30, 2012
 
September 30, 2013
 
September 30, 2012
Net sales
$
0.6

 
$
6.1

 
$
7.0

 
$
19.1

Restructuring and impairment expense
—

 
3.4

 
1.4

 
3.4

Loss on disposal
—

 
—

 
(1.6
)
 
—

Loss from discontinued operations before income taxes
(0.1
)
 
(5.9
)
 
(4.1
)
 
(8.6
)
Income tax (provision) benefit
(0.4
)
 
(0.1
)
 
0.2

 
(2.4
)
Loss from discontinued operations
(0.5
)
 
(6.0
)
 
(3.9
)
 
(11.0
)