Discontinued Operations and Divestitures

3 Months Ended

Mar. 31, 2016

Discontinued Operations [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Discontinued Operations and Divestitures

The following table provides a summary of amounts included in discontinued operations (in millions):

	Three Months Ended
	March 31,
	2016			2015
Net sales	$	—		$	17.3
Loss from discontinued operations before income taxes	$	(0.6	)	$	(4.4	)
Income tax benefit	(0.2		)	(1.6		)
Loss from discontinued operations	(0.4		)	(2.8		)
Net gain from sale of discontinued operations, net of tax	0.6			—
Income (loss) from discontinued operations, net of tax	$	0.2		$	(2.8	)

Held for Sale

In October 2015, the Company announced its intention to divest the Levolor^® and Kirsch^® window coverings brands (“Décor”). The Décor business continues to be reported in continuing operations as part of the Home Solutions segment. During March 2016, the Company entered into an agreement to sell the Décor business for an estimated price of $270.0 million, subject to working capital adjustments. The transaction is expected to close in 2016, subject to certain customary conditions, including regulatory approvals.

The Décor business generated 5.7% and 5.9% of the Company’s consolidated net sales for the three months endedMarch 31, 2016 and 2015, respectively. The following table presents information related to the major classes of Décor’s assets and liabilities that were classified as assets and liabilities held for sale in the Condensed Consolidated Balance Sheets as of March 31, 2016 and December 31, 2015 (in millions):

	March 31, 2016		December 31, 2015
Inventories, net	$	32.2	$	35.3
Prepaid expenses and other	7.2		2.0
Property, plant and equipment, net	20.5		18.2
Goodwill	19.2		19.2
Other intangible assets, net	23.7		23.7
Total Assets	$	102.8	$	98.4
Accounts payable	$	36.1	$	34.8
Other accrued liabilities	8.6		8.5
Total Liabilities	$	44.7	$	43.3