Discontinued Operation and Dispositions (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

The results of our discontinued operations were as follows:

	Years Ended December 31,
	2023		2022		2021
	(in millions)
Net sales	$	2.0	$	188.9	$	301.4
Cost of sales	1.3		124.6		192.1
Gross profit	0.7		64.3		109.3
Operating expenses:
Selling, general, and administrative expenses	0.4		43.8		76
Other	—		0.2		3.6
Total operating expenses	0.4		44.0		79.6
Operating income from discontinued operations	0.3		20.3		29.7
Income from discontinued operations before income taxes	0.3		20.3		29.7
Income tax benefit (expense)	(0.1)		1.8		(13.9)
Income from discontinued operations, net of taxes before gain from sale of discontinued operations	0.2		22.1		15.8
Gain from sale of discontinued operations, net of taxes	11.2		176.3		105.2
Income from discontinued operations, net of taxes	$	11.4	$	198.4	$	121.0

The major classes of assets and liabilities for our discontinued Engineered Materials segment are shown below:

(in millions)	December 31, 2022
Assets:
Accounts receivable	$	3.8
Inventories	3.1
Property, plant and equipment	7.6
Other intangible assets	1.2
Other assets	0.2
Current assets of discontinued operations	$	15.9
Liabilities
Accounts payable	$	1.4
Accrued expenses	0.9
Current liabilities of discontinued operations	$	2.3