Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations And Disposal Groups [Abstract]

Summary of Results and Assets and Liabilities of Discontinued Operations

Results of discontinued operations were as follows:

	Twelve Months Ended
	December 31,
	2020			2019
Net sales	$	632.5		$	865.7
Cost of sales		(548.6	)		(758.7	)
Selling, general, administrative and other operating expenses		(66.2	)		(95.1	)
Restructuring, impairment and other expense		(21.1	)		(98.6	)
Operating loss from discontinued operations		(3.4	)		(86.7	)
Income tax (benefit) expense		(0.9	)		1.7
Net loss from discontinued operations	$	(2.5	)	$	(88.4	)

Restructuring, impairment, and other expenses included $20.6 million and $98.5 million of non-cash charges related to impairment of goodwill recorded in 2020 and 2019 respectively.

During the first quarter of 2020, we identified a triggering event at our Logistics reporting unit. We determined that the fair value of our Logistics reporting unit was lower than its carrying value, resulting in a goodwill impairment charge of $20.6 million. The goodwill impairment charge resulted from reductions in the estimated fair value for this reporting unit based on lower expectations for future revenue, profitability and cash flows driven by expected reduced demand due to the COVID-19 pandemic. The goodwill impairment charge was determined using discounted cash flow analysis and comparable marketplace fair value data which utilized Level 3 inputs including forecasted future revenue and the selection of the discount rate.