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Divestiture (Tables)
12 Months Ended
Dec. 31, 2012
Operating Results of Discontinued Operations

Following is selected financial information included in net earnings from discontinued operations:

 

     Year Ended December 31,  
     2012      2011  

Net sales

   $ 273.5       $ 90.0   
  

 

 

    

 

 

 

Operating profit

   $ 34.1       $ 17.9   
  

 

 

    

 

 

 

Earnings from discontinued operations before income tax provision

   $ 33.0       $ 18.1   

Income tax provision

     12.1         7.5   
  

 

 

    

 

 

 

Net earnings from discontinued operations

   $ 20.9       $ 10.6   
  

 

 

    

 

 

 

Gain on sale of discontinued operations before income tax provision

   $ 210.8       $ —     

Income tax provision on sale

     31.9         —     
  

 

 

    

 

 

 

Net gain on sale of discontinued operations

   $ 178.9       $ —     
  

 

 

    

 

 

 
Carrying Value of Assets and Liabilities for Discontinued Operations

The carrying value of the major classes of assets and liabilities for these discontinued operations were as follows:

 

     Year Ended
December 31,
2011
 

Assets:

  

Cash and cash equivalents

   $ 19.2   

Receivables, net

     68.8   

Inventories

     20.6   

Property and equipment, net

     52.9   

Goodwill

     10.9   

Intangible assets, net

     69.4   

Other assets, net

     37.2   
  

 

 

 

Assets held for sale

   $ 279.0   
  

 

 

 

Liabilities:

  

Accounts payable

   $ 64.1   

Other liabilities

     152.6   
  

 

 

 

Liabilities held for sale

   $ 216.7