Discontinued Operations

6 Months Ended

Jun. 30, 2011

Discontinued Operations

Discontinued Operations

5. DISCONTINUED OPERATIONS

Exit activities associated with an extensive review of our business portfolio in 2007 (which included the divestiture of seven businesses) were substantially complete by the end of 2008. However, a small amount of subsequent activity directly related to these divestitures continued into 2010.

The sale of the last business, the Storage Products unit (previously reported in Commercial Fixturing and Components) was completed in the third quarter of 2010. No significant gain or loss was realized on the sale of this unit.

Results from discontinued operations and activity directly related to divestitures subsequent to the date of sale were as follows:

	Six Months Ended June 30,					Three Months Ended June 30,
	2011		2010			2011		2010
External sales:
Commercial Fixturing & Components - Storage Products Unit	$	—	$	26.3		$	—	$	14.1
Earnings (loss):
Commercial Fixturing & Components - Storage Products Unit (1)	$	—	$	(.1	)	$	—	$	.7
Subsequent activity related to divestitures completed prior to 2010		—		(.1	)		—		—
Earnings (loss) before interest and income taxes		—		(.2	)		—		.7
Income tax benefit (expense)		—		.1			—		(.2	)
Earnings (loss) from discontinued operations, net of tax	$	—	$	(.1	)	$	—	$	.5

(1) In the first quarter of 2010, pre-tax impairment charges of $.9 were recorded to reflect an updated estimate of fair value less costs to sell.