Acquisitions and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2018

Business Combination And Disposal Groups, Including Discontinued Operations, Disclosure [Abstract]

Schedule of Discontinued Operations

Operating results of discontinued operations are summarized below:

	Years ended December 31
In millions	2018		2017			2016
Net sales	$	693.9	$	2,548.2		$	3,755.4
Cost of goods sold	424.0		1,596.2			2,457.1
Gross profit	269.9		952.0			1,298.3
Selling, general and administrative	237.8		589.2			803.2
Research and development	14.6		48.3			59.0
Operating income	$	17.5	$	314.5		$	436.1
Income from discontinued operations before income taxes	$	31.8	$	317.1		$	418.5
Income tax provision (benefit)	6.1		(54.2		)	75.1
Income from discontinued operations, net of tax	$	25.7	$	371.3		$	343.4
Gain from sale / impairment of discontinued operations before income taxes	$	—	$	183.5		$	0.6
Provision for income taxes	—		2.4			—
Gain from sale / impairment of discontinued operations, net of tax	$	—	$	181.1		$	0.6

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

	December 31
In millions	2017
Cash and cash equivalents	$	27.0
Accounts 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