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Discontinued Operations (Tables)
 3 Months Ended
Mar. 28, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Current Held-for-Sale Assets and Liabilities
The respective assets and liabilities of the above disposal groups have been reclassified as held-for-sale per the table below.
Held-for-sale assets March 28,December 31,
In millions20212020
Property, plant and equipment$5.1 $11.6 
Right-of-use-assets from operating leases2.9 3.1 
Inventory6.3 12.6 
Accounts and other receivables6.4 8.7 
Held-for-sale assets$20.7 $36.0 
Held-for-sale liabilities
Accounts payable2.9 4.3 
Accrued liabilities1.1 1.5 
Other current liabilities3.3 5.6 
Held-for-sale liabilities$7.3 $11.4 
Results of discontinued operations were as follows:
First Quarter
In millions20212020
Net sales$9.7 $15.4 
Cost of goods sold(10.1)(15.0)
Gross profit$(0.4)$0.4 
Selling, general and administrative expenses(1.4)(1.4)
Operating loss$(1.8)$(1.0)
Tax credit0.2 — 
Net loss$(1.6)$(1.0)

In the First Quarter of 2021, the Company made a $7.5 million gain on the sale of the U.S. aluminum business, net of a $2.0 million tax charge.

First Quarter
In millions2021
Cash consideration received$21.0 
Less
Net assets sold(11.5)
Gross gain on disposition9.5 
Tax expense(2.0)
Net gain on disposition$7.5 
The assets and liabilities classified as held-for-sale related to discontinued operations were as follows:
Held-for-sale assets March 28,December 31,
In millions20212020
Property, plant and equipment$1.4 $7.9 
Right-of-use-assets from operating leases2.9 3.1 
Inventory6.3 12.6 
Accounts and other receivables6.4 8.7 
Held-for-sale assets$17.0 $32.3 
Held-for-sale liabilities
Accounts payable2.9 4.3 
Accrued liabilities1.1 1.5 
Other current liabilities3.3 5.6 
Held-for-sale liabilities$7.3 $11.4 
The depreciation and amortization, capital expenditures and significant non-cash items were as follows:
First Quarter
In millions20212020
Cash flows from discontinued operating activities:
Depreciation$0.2 $0.3