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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
Summary financial results of discontinued operations were as follows (in millions):
Years Ended December 31,
 20232022
Net sales$490.9 $530.5 
Cost of products sold373.4 398.9 
Gross profit
117.5 131.6 
Selling and general expense
29.4 32.0 
Research and development expense8.6 7.8 
Intangible asset amortization expense
— — 
Total nonmanufacturing expenses38.0 39.8 
Restructuring and other impairment expense0.5 0.2 
Operating profit
79.0 91.6 
Interest expense (1)
49.0 28.8 
Other income, net
194.8 9.3 
Income from discontinued operations before income taxes
224.8 72.1 
Income tax expense
29.1 15.0 
Income from equity affiliates, net of income taxes
2.5 5.2 
Income from discontinued operations, net of tax
$198.2 $62.3 
(1) Upon the close of the transaction, the Company used a portion of the net proceeds to repay a portion of its outstanding debt amounting to approximately $641.2 million. This debt repayment is based on the triggering of a financial covenant in the loan agreement and interest expense has been allocated to discontinued operations on a pro-rata basis within the Consolidated Statements of Income (Loss) and the Consolidated Statement of Cash Flows based on the outstanding loan balances.