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Business Disposition (Tables) | 6 Months Ended
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Jun. 30, 2018
Waste Control Specialists |
Schedule of Operations of Disposed Waste Management Segment | Selected financial data for the operations of the disposed Waste Management Segment for periods prior to completing the sale is presented below. Current assets at December 31, 2017 consist principally of trade accounts receivable.
|  | December 31, 2017 |
|  | (In millions) |
ASSETS |  |  |  |
Current assets |  | $ | 11.2 |
Restricted cash |  |  | 27.2 |
Property and equipment, net |  |  | 6.0 |
Other noncurrent assets |  |  | 7.6 |
Total noncurrent assets |  |  | 40.8 |
Total assets |  | $ | 52.0 |
LIABILITIES |  |  |  |
Current portion of long-term debt |  | $ | 3.0 |
Payable to Contran |  |  | 36.1 |
Other current liabilities |  |  | 8.2 |
Total current liabilities |  |  | 47.3 |
Long-term debt |  |  | 65.0 |
Deferred income taxes |  |  | (43.8 | )
Accrued noncurrent closure and post closure costs |  |  | 31.7 |
Total noncurrent liabilities |  |  | 52.9 |
Total liabilities |  | $ | 100.2 |
| Three months ended June 30, |  |  | Six months ended June 30, |
| 2017 |  |  | 2018 |  |  | 2017 |  |  | 2018(1) |
| (In millions) |
Net sales | $ | 20.5 |  |  | $ | — |  |  | $ | 42.0 |  |  | $ | 4.6 |
Operating loss(2) | $ | (171.6 | ) |  | $ | — |  |  |  | (171.0 | ) |  |  | (.4 | )
Termination fee |  | 4.0 |  |  |  | — |  |  |  | 4.0 |  |  |  | — |
Other expense, net |  | (5.8 | ) |  |  | — |  |  |  | (7.7 | ) |  |  | — |
Interest expense, net |  | (1.2 | ) |  |  | — |  |  |  | (2.4 | ) |  |  | (.3 | )
Loss before taxes |  | (174.6 | ) |  |  | — |  |  |  | (177.1 | ) |  |  | (.7 | )
Income tax benefit |  | (66.4 | ) |  |  | — |  |  |  | (67.2 | ) |  |  | (.1 | )
Net loss |  | (108.2 | ) |  |  | — |  |  |  | (109.9 | ) |  |  | (.6 | )
Pre-tax gain on disposal |  | — |  |  |  | — |  |  |  | — |  |  |  | 58.4 |
Income tax expense (benefit) |  | — |  |  |  | (.4 | ) |  |  | — |  |  |  | 19.8 |
After-tax gain on disposal |  | — |  |  |  | .4 |  |  |  | — |  |  |  | 38.6 |
Total | $ | (108.2 | ) |  | $ | .4 |  |  | $ | (109.9 | ) |  | $ | 38.0 |
Net cash provided by operating activities |  |  |  |  |  |  |  |  | $ | 8.8 |  |  | $ | 2.3 |
Net cash used in investing activities |  |  |  |  |  |  |  |  | $ | (2.6 | ) |  | $ | (.1 | )
| (1) | Includes results of the Waste Management Segment though January 26, 2018, the date of the sale.
| (2) | Operating results in the second quarter and first six months of 2017 includes a $170.6 million long-lived asset impairment.

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