Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule Of Disposal Group Including Discontinued Operations

The key components of income from both the Fortive and communications businesses in discontinued operations for the three and nine month periods ended September 30, 2016 and October 2, 2015 were as follows ($ in millions):

	Three Month Period Ended						Nine Month Period Ended
	September 30, 2016			October 2, 2015			September 30, 2016			October 2, 2015
Sales	$	—		$	1,524.6		$	3,029.8		$	4,948.5
Cost of sales	—			(781.0		)	(1,566.4		)	(2,465.2		)
Selling, general, and administrative expenses	(16.4		)	(327.0		)	(696.0		)	(1,121.1		)
Research and development expenses	—			(95.8		)	(190.4		)	(366.7		)
Interest expense	—			(6.3		)	(19.7		)	(16.2		)
Interest income	—			0.1			—			0.7
Gain on disposition of communications business before income taxes	—			813.3			—			813.3
Earnings (loss) from discontinued operations before income taxes	(16.4		)	1,127.9			557.3			1,793.3
Income taxes	5.4			(104.5		)	(157.0		)	(350.2		)
Earnings (loss) from discontinued operations, net of income taxes	$	(11.0	)	$	1,023.4		$	400.3		$	1,443.1

The following table summarizes the major classes of assets and liabilities of the Fortive-related discontinued operations that were included in the Company’s accompanying Consolidated Condensed Balance Sheets as of December 31, 2015 ($ in millions):

Assets:
Trade accounts receivable, net	$	979.0
Inventories	522.3
Property, plant and equipment, net	522.9
Goodwill	4,055.4
Other intangible assets, net	725.0
Other assets	470.9
Total assets, discontinued operations	$	7,275.5
Liabilities:
Trade accounts payable	$	657.1
Accrued expenses and other liabilities	666.8
Other long-term liabilities	512.6
Total liabilities, discontinued operations	$	1,836.5