Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Income From Discontinued Operations, Net of Income Taxes and Balance Sheet Information for Assets and Liabilities Held for Sale

The following table presents the summarized components of income from discontinued operations, net of income taxes, for the Commercial and Industrial Lighting business:

	Year Ended December 31,
(in millions)	2021		2020		2019
Net sales	$	509.4	$	503.5	$	644.5
Cost of goods sold	403.4		385.6		469.4
Gross profit	106.0		117.9		175.1
Selling & administrative expenses	88.5		85.1		111.2
Operating income	17.5		32.8		63.9
Other expense	(4.1)		(4.0)		(12.7)
Income from discontinued operations before income taxes	13.4		28.8		51.2
(Benefit) provision for income taxes	(21.1)		7.6		11.8
Income from discontinued operations, net of taxes	$	34.5	$	21.2	$	39.4

The following table presents balance sheet information for assets and liabilities held for sale:

	At December 31,
(in millions)	2021		2020
Cash and cash equivalents	$	0.7	$	1.0
Accounts receivable	83.1		81.3
Inventories, net	89.8		80.6
Other current assets	5.9		5.0
Assets held for sale - current	$	179.5	$	167.9
Property, Plant, and Equipment, net	77.7		80.4
Goodwill	50.2		50.2
Other Intangible assets, net	37.3		40.0
Other long-term assets	11.9		13.5
Assets held for sale - non-current	$	177.1	$	184.1
Accounts payable	50.2		38.8
Accrued salaries, wages and employee benefits	8.5		7.1
Accrued insurance	3.9		4.4
Other accrued liabilities	28.7		29.4
Liabilities held for sale - current	$	91.3	$	79.7
Other Non-Current Liabilities	18.8		17.8
Liabilities held for sale - non-current	$	18.8	$	17.8