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Disposition
6 Months Ended
Jun. 30, 2018
Discontinued Operations And Disposal Groups [Abstract]  
Disposition

Note 3. Disposition

On July 16, 2018, the Company announced that it had entered into a definitive agreement to divest its Language Solutions business, which helps companies adapt their business content into different languages for specific countries, markets and regions, for $77.5 million in cash.  The transaction subsequently closed on July 22, 2018.

Language Solutions' operating results are included within the Language Solutions and Other reporting unit within the U.S. segment as well as the International segment. As of June 30, 2018, the net assets and liabilities expected to be included in the divestiture were classified as held for sale. The assets held for sale are presented in current assets held for sale in the condensed consolidated balance sheet and the liabilities held for sale are presented in current liabilities held for sale in the condensed consolidated balance sheet.

The following table presents the aggregate carrying amount of the major classes of assets and liabilities related to the assets and liabilities held for sale as of June 30, 2018:

 

Assets

 

 

 

Receivables, less allowances for doubtful accounts

$

20.2

 

Inventories

 

1.0

 

Prepaid expenses and other current assets

 

0.2

 

Property, plant and equipment-net

 

0.7

 

Goodwill

 

9.3

 

Other noncurrent assets

 

1.4

 

Total assets

$

32.8

 

 

 

 

 

Liabilities

 

 

 

Accounts payable

$

2.8

 

Accrued liabilities

 

4.0

 

Other noncurrent liabilities

 

0.3

 

Total liabilities

$

7.1