Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Discontinued Operations And Disposal Groups [Abstract]

Schedule of Financial Results of Discontinued Operations

The following table presents the financial results of discontinued operations:

	Year ended
	December 31,
	2016			2015		2014
Net sales	$	3,303.4		$	4,472.9	$	4,583.3
Cost of sales		2,534.7			3,414.2		3,506.5
Operating expenses (a)		615.9			708.7		774.8
Interest and other (income) expense, net (b)		151.4			71.6		58.4
Earnings before income taxes		1.4			278.4		243.6
Income tax expense		11.1			108.3		82.5
Net loss from discontinued operations	$	(9.7	)	$	170.1	$	161.1

(a) Includes spinoff transaction costs incurred of $81.2 million and $13.6 million, respectively, during the years ended December 31, 2016 and 2015.

(b) Includes the related interest expense of the corporate level debt which was purchased in connection with the Separation totaling $55.9 million, $73.3 million and $73.3 million for the years ended December 31, 2016, 2015 and 2014. Also includes the losses on the extinguishment of corporate level debt executed in conjunction with the spinoff transactions totaling $96.1 million for the year ended December 31, 2016.

Schedule of Aggregate Carrying Amount of Major Classes of Assets and Liabilities of Discontinued Operations

The following table presents the aggregate carrying amount of the major classes of assets and liabilities of discontinued operations:

	December 31, 2015
Carrying amounts of assets included as part of discontinued operations:
Cash and cash equivalents	$	100.9
Receivables, less allowances for doubtful accounts		763.2
Inventories		239.2
Prepaid expenses and other current assets		32.9
Current assets held for disposition		1,136.2
Property, plant and equipment-net		751.5
Goodwill		657.9
Other intangible assets-net		217.0
Deferred income taxes		85.1
Other noncurrent assets		140.6
Noncurrent assets held for disposition		1,852.1
Total assets held for disposition in the consolidated balance sheets	$	2,988.3
Carrying amounts of liabilities included as part of discontinued operations:
Accounts payable	$	328.4
Accrued liabilities		318.3
Short-term and current portion of long-term debt		2.7
Current liabilities held for disposition		649.4
Long-term debt		1,001.5
Pension liabilities		384.2
Other noncurrent liabilities		157.2
Noncurrent liabilities held for disposition		1,542.9
Total liabilities held for disposition in the consolidated balance sheets	$	2,192.3

Schedule of Non-Cash Items and Capital Expenditures of Discontinued Operations

The following table presents the significant non-cash items and capital expenditures of discontinued operations: 

	Year ended
	December 31,
	2016			2015			2014
Depreciation and amortization	$	159.0		$	221.5		$	219.4
Pension settlement charges	77.7				—		95.7
Impairment charges		1.5			7.1			22.0
Loss on debt extinguishments	96.1				—			—
Gain on bargain purchase		—			—			(9.5	)
Assumption of warehousing equipment related to customer contract	8.8				—			—
Purchase of property, plant and equipment		(49.0	)		(74.0	)		(89.6	)