Discontinued Operations

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

Beginning in 2013, the Company's former paper mill in San Pedro, Philippines has been reported as a discontinued operation. This mill was previously presented as a component of our Paper segment. The physical assets at the Philippines paper mill were sold during the fourth quarter of 2013. For all periods presented, results of this mill have been removed from each individual line within the statements of income and the operating activities section of the statements of cash flow. In each case, a separate line has been added for the net results of discontinued operations.

Included in Other Current Assets, Other Assets and Accrued Expenses within the condensed consolidated balance sheet are the following major classes of assets and liabilities, respectively, associated with the discontinued operations ($ in millions):

	June 30, 2015		December 31, 2014
Assets of discontinued operations:
Current assets	$	1.2	$	1.6
Other assets	2.5		2.3
Liabilities of discontinued operations:
Current liabilities	0.6		0.1

Summary financial results of discontinued operations were as follows ($ in millions):

	Three Months Ended					Six Months Ended
	June 30, 2015			June 30, 2014		June 30, 2015			June 30, 2014
Net sales	$	—		$	—	$	—		$	—
Other expense	(0.9		)	—		(0.9		)	—
Loss from discontinued operations before income taxes	(0.9		)	—		(0.9		)	—
Income tax provision	(0.2		)	—		(0.2		)	—
Loss from discontinued operations	(1.1		)	—		(1.1		)	—