DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

On March 30, 2012, the Corporation sold the assets and real estate of its heat treating business, which had been reported in the Surface Technologies segment, to Bodycote plc.  The Corporation divested this non-core business to focus on higher technology services such as specialty coatings and materials testing.  The heat treating business’ operating results are included in discontinued operations in the Corporation's Condensed Consolidated Statements of Earnings for all periods presented.

Components of earnings from discontinued operations were as follows:

	Three Months Ended			Nine Months Ended
	September 30,			September 30,
	2012			2012
Net sales	$	—		$	10,785
Earnings from discontinued operations before income taxes	—			4,929
Provision for income taxes	—			(1,870		)
Gain (loss) on divestiture, net of taxes (1)	(144		)	18,172
Earnings (loss) from discontinued operations	$	(144	)	$	21,231

⁽¹⁾ Net of year-to-date 2012 taxes of $11 million