DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

Discontinued Operations

During the fourth quarter of 2014, we divested the majority of our Store Fixtures reporting unit, which was previously part of the Commercial Products segment. We sold the final Store Fixtures business in the fourth quarter of 2015. Total consideration for these businesses was approximately $72 during this time period. No significant gains or losses were realized on the sale of these businesses.

The table below includes activity related to these operations:

	Six Months Ended June 30,						Three Months Ended June 30,
	2016			2015			2016			2015
External sales:
Commercial Products - Store Fixtures	$	—		$	12.3		$	—		$	6.1
Earnings (loss):
Commercial Products - Store Fixtures	.5			3.3			.4			2.9
Subsequent activity related to previous divestitures (1)	31.4			(1.5		)	31.4			(.7		)
Earnings before interest and income taxes	31.9			1.8			31.8			2.2
Income tax expense	(11.5		)	(.5		)	(11.5		)	(.4		)
Earnings from discontinued operations, net of tax	$	20.4		$	1.3		$	20.3		$	1.8

(1) Subsequent activity for businesses divested in prior years has been reported as discontinued operations in the table above, including proceeds from an antitrust litigation settlement discussed in Note 15 of $31.4 associated with our former Prime Foam Products unit. This unit was sold in March 2007 and was previously part of the Residential Furnishings Segment.

Assets Held for Sale

We had no material assets held for sale at June 30, 2016 or December 31, 2015.

Other Divestitures

The following businesses were divested during the periods presented, but did not meet the discontinued operations criteria.

	Date	Six Months Ended June 30,					Three Months Ended June 30,
	Divested	2016		2015			2016		2015
External Sales:
Industrial Materials:
One Wire Products operation	Second quarter 2016	$	19.5	$	25.4		$	8.1	$	12.5
Steel Tubing business unit	Fourth quarter 2015	—		47.9			—		23.1
Specialized Products:
One Commercial Vehicle Products (CVP) operation	Second quarter 2016	15.3		13.3			7.8		6.3
One CVP operation	Fourth quarter 2015	—		6.8			—		4.0
Total External Sales		$	34.8	$	93.4		$	15.9	$	45.9
EBIT:
Industrial Materials:
One Wire Products operation	Second quarter 2016	$	1.2	$	.2		$	.8	$	.3
Steel Tubing business unit	Fourth quarter 2015	—		1.3			—		.5
Specialized Products:
One CVP operation	Second quarter 2016	2.8		1.7			1.3		.7
One CVP operation	Fourth quarter 2015	—		(.7		)	—		(.4		)
Total EBIT		$	4.0	$	2.5		$	2.1	$	1.1

We realized a gain of $11.2 related to the sale of one CVP operation in the second quarter of 2016. No significant gains or losses were realized on the sale of other businesses.