XML 159 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Schedule Of Discontinued Operations
The key components of income from both the Envista and Fortive businesses from discontinued operations for the years ended December 31 were as follows ($ in millions):
 
2019
 
2018
 
2017
Sales
$
2,610.1

 
$
2,844.5

 
$
2,810.9

Cost of sales
(1,177.2
)
 
(1,242.7
)
 
(1,189.7
)
Selling, general and administrative expenses
(1,094.6
)
 
(1,081.1
)
 
(1,030.7
)
Research and development expenses
(151.4
)
 
(172.0
)
 
(172.4
)
Other income, net
1.7

 
2.7

 
0.1

Interest expense
(9.1
)
 
(20.5
)
 
(22.6
)
Income from discontinued operations before income taxes
179.5

 
330.9

 
395.6

Gain on disposition of Envista before income taxes
451.1

 

 

Earnings from discontinued operations before income taxes
630.6

 
330.9

 
395.6

Income taxes
(41.4
)
 
(86.3
)
 
(75.7
)
Earnings from discontinued operations, net of income taxes
589.2

 
244.6

 
319.9

Net earnings attributable to noncontrolling interest
(13.3
)
 

 

Net earnings from discontinued operations attributable to common stockholders
$
575.9

 
$
244.6

 
$
319.9


The following table summarizes the major classes of assets and liabilities of the Envista-related discontinued operations that were included in the Company’s accompanying Consolidated Balance Sheet as of December 31, 2018 ($ in millions):
Assets:
 
Trade accounts receivable, net
$
459.8

Inventories
278.7

Prepaid expenses and other current assets
48.3

Property, plant and equipment, net
261.6

Goodwill
3,325.5

Other intangible assets, net
1,390.3

Other long-term assets
77.4

Total assets, discontinued operations
$
5,841.6

Liabilities:
 
Trade accounts payable
$
217.4

Accrued expenses and other liabilities
387.6

Other long-term liabilities
374.2

Total liabilities, discontinued operations
$
979.2