Assets Held for Sale

6 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Assets Held for Sale

ASSETS HELD FOR SALE

During the six months endedDecember 31, 2015, management committed to a plan to sell our VMS and India API businesses. When a group of assets is classified as held for sale, the book value is evaluated and adjusted to the lower of its carrying amount or fair value less cost to sell. We determined that the fair value less cost to sell the VMS business exceeded its carrying value. We determined that the carrying value of the India API business exceeded the fair value less cost to sell, resulting in an impairment charge of $29.0 million within our Other segment, which is shown in Impairment charges on the Consolidated Statements of Operations.

Assets and liabilities associated with the VMS and India API held for sale businesses were reclassified as held for sale at December 31, 2015. The assets held for sale were reported within Prepaid expenses and other current assets and liabilities held for sale were reported in Accrued liabilities. The amounts consisted of the following at December 31, 2015 (in millions):

	December 31, 2015
	CHC		Other
Assets held for sale
Current assets	$	55.1	$	13.6
Goodwill	13.0		14.5
Property, plant and equipment	18.8		37.4
Other assets	—		3.2
Less: impairments	—		(29.0		)
Total assets held for sale	$	86.9	$	39.7
Liabilities held for sale
Current liabilities	$	30.5	$	0.5
Other liabilities	—		1.7
Total liabilities held for sale	$	30.5	$	2.2