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Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Financial Results of Discontinued Operations
The following table summarizes the financial results of our discontinued operations for all periods presented herein (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net Sales$13.6 $30.4 $30.5 $62.8 
Cost of products sold15.6 18.6 31.5 37.9 
Gross Profit(2.0)11.8 (1.0)24.9 
Research and development— 0.2 — 0.6 
Selling and general expenses— 3.8 — 7.7 
Pretax loss on classification as discontinued operations— 72.3 — 72.3 
Other expense, net1.4 0.1 4.3 0.2 
Loss from discontinued operations before income taxes(3.4)(64.6)(5.3)(55.9)
Income tax benefit (provision) from discontinued operations
0.9 0.8 1.4 (0.6)
Net Loss from discontinued operations, net of tax$(2.5)$(63.8)$(3.9)$(56.5)
Loss Per Share
Basic$(0.05)$(1.37)$(0.08)$(1.21)
Diluted$(0.05)$(1.37)$(0.08)$(1.21)
Details on assets and liabilities classified as held for sale in the accompanying consolidated balance sheets are presented in the following table (in millions):
June 30, 2024December 31, 2023
Assets held for sale - discontinued operations
Inventories$25.7 $17.5 
Property, Plant and Equipment, net44.0 43.9 
Operating Lease Right-of-Use Assets3.0 3.1 
Total assets classified as held for sale$72.7 $64.5 
Liabilities held for sale - discontinued operations
Current Portion of Operating Lease Liabilities$0.8 $0.8 
Accrued expenses50.8 61.3 
Non-Current Operating Lease Liability1.1 1.6 
Total liabilities held for sale - discontinued operations$52.7 $63.7 
The following table provides operating and investing cash flow information for our discontinued operations (in millions):
Six Months Ended June 30,
20242023
Operating Activities:
Depreciation and amortization$— $2.6 
Stock-based compensation expense— 0.1 
Investing Activities:
Capital expenditures0.2 0.6