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Discontinued Operations and Disposal Groups (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Condensed Income Statement
Below is a reconciliation of line items constituting pre-tax income from discontinued operations to the after-tax income from discontinued operations as reported on our Consolidated Statement of Operations:
 For The Years Ended December 31,
202420232022
Net sales$870.3 $1,023.4 $950.2 
Cost of sales733.0 892.6 906.0 
Selling, general and administrative expenses26.2 29.4 23.0 
Other operating charges, net14.4 2.4 6.6 
Income from discontinued operations96.7 99.1 14.6 
Non-operating expense(23.4)(20.5)(23.4)
Income (loss) from discontinued operations before income taxes73.3 78.6 (8.8)
The major components of “Other operating charges, net” included in discontinued operations for the years ended December 31, 2024, 2023 and 2022 are reflected in the table below. These items are considered outside of our core discontinued operations.
For The Years Ended December 31,
202420232022
Divestiture related costs$12.7 $— $— 
Costs associated with mill closure— — 0.3 
Loss on sale or impairment associated with assets0.4 2.4 4.7 
Business improvement and other expenses1.3 — 1.6 
$14.4 $2.4 $6.6 
Condensed Balance Sheet
The carrying amounts of major components of assets and liabilities included as part of discontinued operations are as follows:
December 31, 2023
Assets of discontinued operations:
Receivables, net of allowance for current expected credit losses$88.4 
Inventories, net158.6 
Other current assets0.5 
Property, plant and equipment, net629.4 
Other assets, net28.5 
Total assets of discontinued operations905.4 
Liabilities of discontinued operations:
Current portion of long-term debt0.8 
Accounts payable and accrued liabilities89.6 
Long-term debt22.4 
Liability for pension and other postretirement employee benefits1.2 
Deferred tax liabilities and other long-term obligations114.5 
Total liabilities of discontinued operations228.6 
Net assets of discontinued operations$676.8 
Disposal Groups, Including Discontinued Operations
Operating and investing cash flows of the discontinued operation are presented in the following table:
 Twelve Months Ended December 31,
202420232022
Net cash provided by operating activities of discontinued operations$143.7 $121.3 $68.9 
Net cash used in investing activities of discontinued operations(11.4)(18.8)(8.0)