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Discontinued Operations (Tables) | 3 Months Ended
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Mar. 27, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Results of Discontinued Operations | Results of discontinued operations were as follows:
|  | First Quarter |
| In millions | 2022 |  | 2021 |  |
| Net sales | $ | 1.7 |  |  | $ | 9.7 |  |  |
| Cost of goods sold | (1.6) |  |  | (10.1) |  |  |
| Gross profit / (loss) | $ | 0.1 |  |  | $ | (0.4) |  |  |
| Selling, general and administrative expenses | (0.2) |  |  | (1.4) |  |  |
| Operating loss | $ | (0.1) |  |  | $ | (1.8) |  |  |
| Tax credit | — |  |  | 0.2 |  |  |
| Net loss | $ | (0.1) |  |  | $ | (1.6) |  |  |
In the First Quarter of 2021, the Company sold its U.S. aluminum gas cylinders business for $21.0 million, which resulted in a gain on sale of $7.5 million, net of a $2.0 million tax charge, which was recognized in the First Quarter of 2021. In the Second Quarter of 2021, there was a $0.4 million working capital adjustment, reducing the purchase price to $20.6 million and the gain on disposal to $7.1 million. The assets and liabilities classified as held-for-sale related to discontinued operations were as follows:
| Held-for-sale assets | March 27, |  | December 31, |
| In millions | 2022 |  | 2021 |
| Right-of-use-assets from operating leases | 3.2 |  |  | — |  |
| Inventory | 2.7 |  |  | 2.7 |  |
| Accounts and other receivables | 1.8 |  |  | 2.1 |  |
| Held-for-sale assets | $ | 7.7 |  |  | $ | 4.8 |  |
| Held-for-sale liabilities |  |  |  |
| Accounts payable | 0.5 |  |  | 0.5 |  |
| Accrued liabilities | 0.1 |  |  | 0.1 |  |
| Other liabilities | 0.6 |  |  | — |  |
| Lease liabilities | 3.3 |  |  | 0.8 |  |
| Held-for-sale liabilities | $ | 4.5 |  |  | $ | 1.4 |  |
The significant non-cash items were as follows:
|  | First Quarter |
| In millions | 2022 |  | 2021 |  |
| Cash flows from discontinued operating activities: |  |  |  |  |
| Depreciation | $ | — |  |  | $ | 0.2 |  |  |

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