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Discontinued Operations
12 Months Ended
Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
On March 13, 2020, the company completed the sale of its U.S. Federal business to Science Applications International Corporation for cash of $1.2 billion. Net cash proceeds of the sale was $1,162.9 million (net of working capital adjustments and transaction costs). The company’s consolidated financial statements have been retroactively reclassified to report the U.S. Federal business as discontinued operations. As a result, all items relating to the business within the consolidated statements of income (loss) have been reported as income from discontinued operations, net of tax, and all items relating to the business within the consolidated balance sheets have been reported as either assets or liabilities of discontinued operations. In addition, all items related to the business within the relevant notes to the consolidated financial statements have been recast to reflect the effects of the discontinued operations. Depreciation, amortization, capital expenditures, and significant noncash operating and investing activities related to the U.S. Federal business were immaterial for all periods presented.
The results of the U.S. Federal business discontinued operations were as follows:
Year ended December 31,2020*20192018
Revenue$149.5 $725.9 $573.8 
Income (loss)
Operations8.4 100.3 72.2 
Gain on sale1,060.7 — — 
1,069.1 100.3 72.2 
Income tax provision 0.7 25.3 18.3 
Income from discontinued operations, net of tax$1,068.4 $75.0 $53.9 
* Includes results of operations through the March 13, 2020 closing date.