Divestitures (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The following table summarizes the net gain recognized in connection with this divestiture in the fourth quarter.

(Amounts in millions)	For the Year Ended December 31, 2023
Cash received from the buyer	$	31.4
Account receivable (1)	1.8
Net assets sold	(18.6)
AOCI reclassification adjustments, primarily foreign currency translation	(3.1)
Direct costs to sell	(4.0)
Gain on sale of business	$	7.5

(1) Total gain of $7.5 million includes a $1.8 million working capital true up due to us from the buyer in connection with the disposition.

The following table summarizes the net gain recognized after the recording of the impairment with this divestiture.

(Amounts in millions)	For the Year Ended December 31, 2023
Cash received from the buyer	$	6.7
Fair value of note receivable	9.9
Net assets sold	7.3
AOCI reclassification adjustments, primarily foreign currency translation	(10.9)
Direct costs to sell	(10.2)
Gain on sale of businesses	$	2.8