DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Details of Income from Discontinued Operations are as follows (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net sales	$	177.2	$	237.5	$	708.4	$	727.1
Cost of sales	65.4		99.8		265.1		295.5
Gross profit	111.8		137.7		443.3		431.6
Selling, general, and administrative expenses	40.9		57.7		163.2		178.7
Research and development expenses	21.4		27.5		81.3		81.0
Separation costs	81.5		—		202.5		—
Operating (loss) income, net	(32.0)		52.5		(3.7)		171.9
Other non-operating (income) expense, net	(3,338.9)		0.8		(3,337.5)		0.7
Income from discontinued operations before provision for income taxes	3,306.9		51.7		3,333.8		171.2
Provision for income taxes from discontinued operations	599.6		2.9		599.4		28.4
Net income from discontinued operations	2,707.3		48.8		2,734.4		142.8

Details of assets and liabilities of discontinued operations are as follows (in millions):

	September 30, 2024		December 31, 2023
Cash and cash equivalents	$	2.9	$	11.7
Accounts receivable, net of allowances	—		3.6
Other receivables	—		5.2
Inventories	17.1		264.7
Prepaid expenses	—		18.0
Other current assets	—		14.4
Total current assets of discontinued operations	$	20.0	$	317.6
Property, plant, and equipment, net	3.1		158.4
Operating lease right-of-use assets	—		9.6
Goodwill	7.4		108.4
Other intangible assets, net	—		29.0
Deferred income taxes	—		5.2
Other assets	—		0.5
Total non-current assets of discontinued operations	$	10.5	$	311.1
Accounts payable	$	—	$	14.8
Accrued and other liabilities	1.8		112.7
Operating lease liabilities	—		2.0
Total current liabilities of discontinued operations	$	1.8	$	129.5
Operating lease liabilities	—		7.8
Uncertain tax positions	—		4.3
Other liabilities	—		13.0
Total non-current liabilities of discontinued operations	$	—	$	25.1

Cash flows attributable to the Company's discontinued operations are included in the Company's consolidated condensed statements of cash flows. Significant non-cash operating and investing activities attributable to discontinued operations consisted of the following (in millions):

	Nine Months Ended September 30,
	2024	2023
Depreciation and amortization	12.1	16.2
Stock-based compensation	16.7	11.6
Inventory write off	17.0	13.2
Capital expenditures	16.4	21.0