Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Operating results of discontinued operations are summarized below:

	Three months ended						Nine months ended
In millions	September 30, 2018			September 30, 2017			September 30, 2018		September 30, 2017
Net sales	$	—		$	540.7		$	693.9	$	2,006.3
Cost of goods sold	—			321.9			424.0		1,268.9
Gross profit	—			218.8			269.9		737.4
Selling, general and administrative	2.5			115.7			233.5		440.6
Research and development	—			10.5			14.6		38.1
Operating (loss) income	$	(2.5	)	$	92.6		$	21.8	$	258.7
Income from discontinued operations before income taxes	$	14.8		$	91.8		$	34.6	$	257.1
Income tax (benefit) provision	(4.1		)	13.6			7.6		37.3
Income from discontinued operations, net of tax	$	18.9		$	78.2		$	27.0	$	219.8
(Loss) gain from sale of discontinued operations before income taxes	$	—		$	(1.7	)	$	—	$	201.3
Provision for income taxes	—			—			—		2.4
(Loss) gain from sale of discontinued operations before income taxes	$	—		$	(1.7	)	$	—	$	198.9

The carrying amounts of major classes of assets and liabilities that were classified as held for sale on the Condensed Consolidated Balance Sheets were as follows:

In millions	December 31, 2017
Cash and cash equivalents	$	27.0
Accounts and notes receivable, net	348.5
Inventories	224.1
Other current assets	108.4
Current assets held for sale	$	708.0
Property, plant and equipment, net	$	265.8
Goodwill	2,238.2
Intangibles, net	1,236.6
Other non-current assets	249.0
Non-current assets held for sale	$	3,989.6
Accounts payable	$	174.1
Employee compensation and benefits	70.8
Other current liabilities	115.9
Current liabilities held for sale	$	360.8
Pension and other post-retirement compensation and benefits	$	189.2
Deferred tax liabilities	286.2
Other non-current liabilities	61.6
Non-current liabilities held for sale	$	537.0