Discontinued Operations (Tables)

6 Months Ended

May. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Summary of Financial Information for Discontinued Operations

A summary of the impact of the land sale on the unaudited condensed consolidated statement of operations for the second quarter and first half of fiscal 2015 is as follows (in millions):

Net sales from land sale	$	42.0
Cost of sales from land sale	11.4
Income from continuing operations before income taxes from land sale	30.6
Income tax provision related to land sale	12.7
Net income from land sale	$	17.9

Summarized financial information for discontinued operations is set forth below:

	Three months ended May 31,					Six months ended May 31,
	2015		2014			2015		2014
	(In millions)
Net sales	$	—	$	—		$	—	$	—
(Loss) income before income taxes (1)	—		(1.4		)	0.3		(1.4		)
Income tax provision	—		0.6			0.1		0.6
Net (loss) income from discontinued operations	—		(0.8		)	0.2		(0.8		)

_______

(1) Includes foreign currency transaction gains of $0.2 million in the first half of fiscal 2015.