DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

6 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

Discontinued Operations and Assets Held for Sale

As discussed in Note 15, during the second quarter of 2016 we received proceeds from an antitrust litigation settlement of $31.4 ($19.8 after tax) associated with our former Prime Foam Products unit. This unit was sold in March 2007 and was previously part of the Residential Products Segment. We had no other material discontinued operations or items held for sale at June 30, 2017.

Other Divestitures

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

	Quarter	Six Months Ended June 30,				Three Months Ended June 30,
	Divested	2017		2016		2017		2016
Trade sales:
Residential Products:
Machinery operation	Fourth quarter 2016	$	—	$	1.8	$	—	$	1.0
Industrial Products:
Wire Products operation	Fourth quarter 2016	—		9.0		—		4.4
Wire Products operation	Second quarter 2016	—		19.5		—		8.1
Specialized Products:
Commercial Vehicle Products (CVP) operation	Second quarter 2016	—		15.3		—		7.8
Total trade sales		$	—	$	45.6	$	—	$	21.3
EBIT:
Residential Products:
Machinery operation	Fourth quarter 2016	$	—	$	—	$	—	$	—
Industrial Products:
Wire Products operation	Fourth quarter 2016	—		.2		—		—
Wire Products operation	Second quarter 2016	—		1.2		—		.8
Specialized Products:
CVP operation	Second quarter 2016	—		2.8		—		1.3
Total EBIT		$	—	$	4.2	$	—	$	2.1

In 2016 we realized gains of $21.2 related to the sales of the Wire Products operations and $11.2 related to the sale of the CVP operation. No material gains or losses were realized on the sale of other businesses.