Discontinued Operations

3 Months Ended

Mar. 31, 2022

NOTE 4. DISCONTINUED OPERATIONS

EMEA and Pacific Rim Businesses

In 2019, we completed the sale of certain subsidiaries comprising our businesses and operations in Europe, the Middle East and Africa (including Russia) (“EMEA”) and the Pacific Rim, including the corresponding businesses and operations conducted by Worthington Armstrong Venture (“WAVE”), our joint venture with Worthington Industries, Inc. (“Worthington”) in which AWI holds a 50% interest (collectively, the “Sale”), to Knauf International GmbH (“Knauf”). During the three months ended March 31, 2021, we recorded a pre-tax loss on sale of $0.4 million for final purchase price adjustments related to certain pension liabilities included in the Sale and paid $11.8 million to Knauf related to this purchase price adjustment. We did not record a gain or loss during the three months ended March 31, 2022.

Summarized Financial Information of Discontinued Operations

The following table details the line items that comprise discontinued operations on the Condensed Consolidated Statements of Earnings and Comprehensive Income.


	Three Months Ended
	March 31,
	2021
Loss from disposal of discontinued businesses, before income tax	$	(0.4	)
Income tax expense		1.7
Loss from disposal of discontinued businesses, net of tax		(2.1	)

Net loss from discontinued operations	$	(2.1	)