XML 53 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Discontinued Operations
 3 Months Ended
Mar. 31, 2014
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 Indonesia mill was completed in the second quarter of 2013. The physical assets at the Philippines paper mill were sold during the fourth quarter of 2013. For all periods presented, results 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.

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):

 
March 31, 2014
 
December 31, 2013
Assets of discontinued operations:
 
 
 
Current assets
$
1.3

 
$
2.0

Other assets
2.2

 
3.1

 
 
 
 
Liabilities of discontinued operations:
 
 
 

Current liabilities
0.5

 
0.6


Summary financial results of discontinued operations were as follows ($ in millions):
 
 
Three Months Ended
 
March 31, 2014
 
March 31, 2013
Net sales
$
—

 
$
4.4

Loss from discontinued operations before income taxes
—

 
(0.4
)
Income tax (provision) benefit
—

 
(0.2
)
Loss from discontinued operations
—

 
(0.6
)