XML 28 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Discontinued Operations
 9 Months Ended
Sep. 30, 2016
Discontinued Operations [Abstract]  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
Discontinued Operations
The Company has retained costs from previously sold businesses that mainly include expenses related to postretirement benefits, product liability and legal costs (mostly asbestos related). The components of Discontinued operations, net of tax for the three and nine months ended September 30 were as follows:
 
Three months ended
 
Nine months ended
In millions
2016
 
2015
 
2016
 
2015
Pre-tax earnings (loss) from discontinued operations
$
25.0

 
$
(4.7
)
 
$
37.6

 
$
(23.6
)
Tax benefit (expense)
(10.8
)
 
(7.3
)
 
(3.3
)
 
0.2

Discontinued operations, net of tax
$
14.2

 
$
(12.0
)
 
$
34.3

 
$
(23.4
)

Pre-tax earnings from discontinued operations for the nine months ended September 30, 2016 mainly consists of income realized from settlements with insurance carriers related to asbestos. Refer to Note 17, "Commitments and Contingencies," for more information regarding asbestos-related matters. The lower net tax expense for the nine months ended September 30, 2015 primarily relates to a benefit realized from the resolution of a state income tax matter.