Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table summarizes the results of the transition service agreement ("TSA") and supply agreements:

		Year Ended
	Financial Statement Location	December 31, 2022		December 31, 2021
TSA income recognized	Administration expense	$	10.3	$	7.2
TSA income collected	Administration expense	$	8.9	$	3.6
Product & Royalty sales recognized	Net sales	$	124.2	$	60.6
Product & Royalty sales collected	Net sales	$	105.7	$	28.7
Purchases	Inventory	$	55.9	$	18.4
Inventory payments	Inventory	$	51.4	$	12.0

Income (loss) from discontinued operations, net of tax was as follows (in millions):

	Year Ended
	December 31, 2022		December 31, 2021		December 31, 2020
Net sales	$	—	$	405.1	$	975.0
Cost of sales	—		258.4		645.1
Gross profit	—		146.7		329.9
Operating expenses
Distribution	—		6.1		15.2
Research and development	—		30.8		54.8
Selling	—		16.3		30.1
Administration	4.6		36.4		31.8
Impairment charges	—		—		346.8
Restructuring	—		—		0.3
Other operating expense (income)	—		(0.4)		0.7
Total operating expenses	4.6		89.2		479.7
Operating income (loss)	(4.6)		57.5		(149.8)
Interest expense, net	—		0.8		3.5
Other (income) expense, net	—		(1.6)		2.0
Income (loss) from discontinued operations before tax	(4.6)		58.3		(155.3)
Gain on disposal of discontinued operations before tax	—		(47.5)		—
Income (loss) before income taxes	(4.6)		105.8		(155.3)
Income tax expense	5.1		43.8		51.5
Income (loss), net of tax	$	(9.7)	$	62.0	$	(206.8)

Select cash flow information related to discontinued operations was as follows (in millions):

	Year Ended
	December 31, 2022		December 31, 2021		December 31, 2020
Cash flows from discontinued operations operating activities:
Depreciation and amortization	$	—	$	15.4	$	97.0
Restructuring charges	—		—		0.3
Impairment charges	—		—		346.8
Share-based compensation	—		10.8		5.2
Gain on sale of business	—		(47.5)		—
Cash flows from discontinued operations investing activities:
Asset acquisitions	$	—	$	(69.7)	$	0.9
Additions to property, plant and equipment	—		(16.1)		10.2
Net proceeds from sale of business	53.3		1,491.9		—