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Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Financial results of discontinued operations
Details on assets and liabilities classified as held for sale in the accompanying condensed consolidated balance sheet as of December 31, 2017 are presented in the following table (in millions):
 
December 31,
2017
Assets held for sale - discontinued operations
 
Accounts receivable, net of allowances
$
1.5

Inventories
198.3

Prepaid and other current assets
2.3

Current assets held for sale - discontinued operations
202.1

Property, plant and equipment, net
150.8

Goodwill
267.3

Other intangible assets, net
0.9

Non-current deferred tax assets
7.1

Other assets
0.4

Total assets held for sale - discontinued operations
628.6

Other assets classified as held for sale
3.9

Total assets classified as held for sale
$
632.5

Liabilities held for sale - discontinued operations
 
Accounts payable
$
15.5

Accrued expenses
11.2

Current liabilities held for sale - discontinued operations
26.7

Deferred tax liabilities
0.3

Other long-term liabilities
6.9

Total liabilities held for sale - discontinued operations
$
33.9

The following table provides operating and investing cash flow information for our discontinued operations (in millions):
 
Six Months Ended June 30,
 
2018
 
2017
Operating Activities:
 
 
 
Depreciation and amortization
$

 
$
11.9

Stock-based compensation expense
(1.5
)
 
0.8

Investing Activities:
 
 
 
Capital expenditures
2.9

 
3.2

The following table summarizes the financial results of our discontinued operations for all periods presented herein (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
Net Sales
$
89.0

 
$
250.1

 
$
353.0

 
$
500.0

Cost of products sold
65.8

 
190.0

 
260.3

 
378.5

Research and development
0.2

 
0.6

 
1.1

 
1.3

Selling, general and other expenses
10.9

 
19.0

 
38.1

 
35.4

Gain on Divestiture
(89.9
)
 

 
(89.9
)
 

Other expense, net
0.1

 
(0.8
)
 
0.4

 
(0.4
)
Income from discontinued operations before income taxes
101.9

 
41.3

 
143.0

 
85.2

Tax provision from discontinued operations
(67.9
)
 
(12.8
)
 
(77.5
)
 
(29.0
)
Income from Discontinued Operations, net
$
34.0

 
$
28.5

 
$
65.5

 
$
56.2