Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2020

Discontinued Operations And Disposal Groups [Abstract]

Summary of Results and Assets and Liabilities of Discontinued Operations

Results of discontinued operations were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Net sales	$	190.5		$	217.3		$	558.5		$	652.1
Cost of sales		(164.1	)		(190.7	)		(484.1	)		(569.3	)
Selling, general, administrative and other operating expenses		(21.3	)		(23.8	)		(69.7	)		(71.1	)
Restructuring, impairment and other expense		(0.2	)		(0.1	)		(21.0	)		(0.1	)
Operating income (loss) from discontinued operations		4.9			2.7			(16.3	)		11.6
Income tax expense (benefit)		4.5			(17.1	)		3.2			6.7
Net income (loss) from discontinued operations	$	0.4		$	19.8		$	(19.5	)	$	4.9

Sales from the Logistics business to RRD previously eliminated in consolidation have been recasted and are now shown as external sales within the financial results of discontinued operations above. The net sales were $11.0 million and $33.8 million and $15.2 million and $46.1 million respectively for the three and nine months ended September 30, 2020 and 2019.

Assets and liabilities of discontinued operations presented in the Condensed Consolidated Balance Sheets as of September 30, 2020 and December 31, 2019 include the following:

	September 30, 2020		December 31, 2019
Receivables, net of allowance	$	101.2	$	120.6
Operating lease right-of-use assets		2.8		8.8
Goodwill		28.7		53.3
Intangible assets, net		8.8		10.9
Other assets		7.7		7.0
Total assets of discontinued operations	$	149.2	$	200.6
Accounts payable	$	52.5	$	53.3
Accrued expenses and other liabilities		28.6		38.8
Total liabilities of discontinued operations	$	81.1	$	92.1