Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Reconciliation of Gain on Disposal

The following table includes a reconciliation of the gain on the sale of the Darex business related to delayed close entities recorded during the three months ended March 31, 2019:

	Three Months Ended March 31,
(In millions)	2019
Net proceeds included in gain	$	12.7
Net assets derecognized	(3.1)
Gain recognized before income taxes	9.6
Tax effect of gain recognized	(2.4)
Gain recognized after income taxes	$	7.2

Financial Results and Other Effects Related to Discontinued Operations

The following table sets forth the components of "(Loss) income from discontinued operations, net of income taxes" in the accompanying unaudited Consolidated Statements of Operations:

	Three Months Ended March 31,
(In millions)	2020		2019
Net sales	$	—	$	—
Cost of goods sold	—		—
Gross profit	—		—
Selling, general and administrative expenses	0.2		0.3
Restructuring expenses and asset impairments	—		0.1
Gain on sale of business	—		(9.6)
Other expenses, net	0.1		0.1
(Loss) income from discontinued operations before income taxes	(0.3)		9.1
Provision for income taxes	—		(2.3)
(Loss) income from discontinued operations, net of income taxes	$	(0.3)	$	6.8