XML 42 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Financial results of discontinued operations
Details on assets and liabilities classified as held for sale in the accompanying consolidated balance sheets are presented in the following table (in millions):
 
As of December 31,
 
2017
 
2016
Assets held for sale - discontinued operations
 
 
 
Accounts receivable, net of allowances
$
1.5

 
$
1.6

Inventories
198.3

 
191.8

Prepaid and other current assets
2.3

 
0.6

Current assets held for sale - discontinued operations
202.1

 
194.0

Property, plant and equipment, net
150.8

 
151.5

Goodwill
267.3

 
266.7

Other intangible assets, net
0.9

 
1.6

Non-current deferred tax assets
7.1

 
6.5

Other assets
0.4

 
0.6

Total assets held for sale - discontinued operations
628.6

 
620.9

Other assets classified as held for sale
3.9

 
—

Total assets classified as held for sale
632.5

 
620.9

Liabilities held for sale - discontinued operations
 
 
 
Accounts payable
$
15.5

 
$
12.5

Accrued expenses
11.2

 
12.9

Current liabilities held for sale - discontinued operations
26.7

 
25.4

Deferred tax liabilities
0.3

 
0.4

Other long-term liabilities
6.9

 
6.3

Total liabilities held for sale - discontinued operations
$
33.9

 
$
32.1

The following table summarizes the financial results of our discontinued operations for all periods presented herein (in millions):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Net Sales
$
1,012.7

 
$
1,026.1

 
$
1,065.4

Cost of products sold
762.5

 
765.4

 
791.6

Research and development
2.9

 
2.7

 
4.7

Selling, general and other expenses
82.8

 
64.9

 
48.8

Goodwill impairment
—

 
—

 
474.0

Other (income) expense, net
(1.6
)
 
(1.4
)
 
(11.7
)
Income (Loss) from discontinued operations before income taxes
166.1

 
194.5

 
(242.0
)
Tax (provision) benefit from discontinued operations
(54.7
)
 
(71.4
)
 
(83.1
)
Income (Loss) from Discontinued Operations, net
$
111.4

 
$
123.1

 
$
(325.1
)
The following table provides operating and investing cash flow information for our discontinued operations (in millions):
 
Year Ended December 31,
 
2017
 
2016
 
2015
Operating Activities:
 
 
 
 
 
Depreciation and amortization
$
20.0

 
$
23.9

 
$
23.2

Stock-based compensation expense
0.5

 
0.6

 
0.5

Investing Activities:
 
 
 
 
 
Capital expenditures
1.6

 
1.3

 
1.6