Divestitures (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the net loss recognized in connection with this divestiture:

(Amounts in millions)	For the Six Months Ended June 30, 2018
Cash received from the buyer	$	80.1
Net assets sold (1)	(83.4		)
AOCI reclassification adjustments, primarily foreign currency translation	(3.2		)
Direct costs to sell	(5.5		)
Loss on sale of business	$	(12.0	)

⁽¹⁾ Includes $10.3 million of net assets that were written down during the quarter ended March 31, 2018 based on the expected proceeds from the sale, net of selling costs for the sale for our Australia, New Zealand and Asia business.

The following table presents the assets and liabilities associated with our Brazilian businesses classified as held for sale as of June 30, 2018, which included $19.7 million of foreign currency translation losses reclassified out of AOCI.

(Amounts in millions)	As of June 30, 2018
Assets held for sale
Accounts and notes receivable, net of allowances	$	4.5
Inventories, net	5.0
Other assets	2.1
Total assets held for sale	$	11.6
Liabilities held for sale
Short-term debt	$	1.4
Accounts payable	2.2
Accrued expenses	3.5
Income taxes payable	0.1
Other liabilities	0.2
Total liabilities held for sale	$	7.4