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Discontinued Operations and Disposal Groups (Tables)
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
 Nine Months Ended September 30,
20242023
Net cash provided by operating activities of discontinued operations$133.8 $75.1 
Net cash used in investing activities of discontinued operations(9.8)(12.1)
Condensed Income Statement
 Quarter Ended September 30,Nine Months Ended September 30,
2024202320242023
Net sales$262.4 $259.3 $768.3 $761.3 
Cost of sales212.2 203.3 611.1 627.4 
Selling, general and administrative expenses7.0 8.1 22.7 23.4 
Depreciation and amortization6.7 14.2 35.0 43.5 
Other operating charges, net6.3 0.1 10.8 1.3 
Income from discontinued operations30.1 33.6 88.7 65.8 
Other non-operating expense(8.0)(4.6)(19.7)(14.1)
   Total non-operating expense(8.0)(4.6)(19.7)(14.1)
Income from discontinued operations before income taxes22.1 29.0 68.9 51.7 
Income tax provision5.6 7.2 17.4 12.9 
Income from discontinued operations, net of tax$16.6 $21.7 $51.6 $38.8 
The major components of “Other operating charges, net” included in discontinued operations for the quarter and nine months ended September 30, 2024 and 2023 are reflected in the table below. These items are considered outside of our core discontinued operations.
Quarter Ended September 30,Nine Months Ended September 30,
2024202320242023
Divestiture related costs$6.2 $— $10.5 $— 
Loss on sale or impairment associated with assets0.1 0.1 0.3 1.3 
$6.3 $0.1 $10.8 $1.3 
Condensed Balance Sheet
September 30, 2024December 31, 2023
Assets of discontinued operations:
Receivables, net of allowance for current expected credit losses$82.0 $88.4 
Inventories, net162.1 158.6 
Other current assets2.0 0.5 
Property, plant and equipment, net608.1 629.4 
Other assets, net25.5 28.5 
Total assets of discontinued operations879.7 905.4 
Liabilities of discontinued operations:
Current portion of long-term debt0.9 0.8 
Accounts payable and accrued liabilities102.1 89.7 
Long-term debt21.7 22.4 
Liability for pension and other postretirement employee benefits1.2 1.2 
Deferred tax liabilities and other long-term obligations107.5 114.5 
Total liabilities of discontinued operations233.5 228.6 
Net assets of discontinued operations$646.2 $676.8