Divestitures and Held for Sale (Tables)

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Summary of Amounts Included in Discontinued Operations

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net sales	$	147.5		$	587.8		$	684.9		$	2,821.6
Cost of products sold	99.7			379.7			486.2			1,780.5
Selling, general and administrative expenses	26.5			126.6			111.5			577.9
Restructuring costs, net	—			1.8			0.5			6.2
Impairment of goodwill, intangibles and other assets	236.9			628.8			422.6			1,082.8
Operating loss	(215.6		)	(549.1		)	(335.9		)	(625.8		)
Non-operating expense (income)	(1.9		)	(27.6		)	0.6			(488.5		)
Loss before income taxes	(213.7		)	(521.5		)	(336.5		)	(137.3		)
Income tax expense (benefit)	(41.8		)	64.2			(19.0		)	243.9
Net loss	$	(171.9	)	$	(585.7	)	$	(317.5	)	$	(381.2	)

Schedule of Major Classes of Assets and Liabilities Held for Sale

The following table presents information related to the major classes of assets and liabilities that were classified as assets and liabilities held for sale in the Condensed Consolidated Balance Sheets as of the dates indicated (in millions):

	September 30, 2019		December 31, 2018
Accounts receivable, net	$	124.2	$	206.9
Inventories	109.2		236.7
Prepaid expenses and other	12.9		37.7
Property, plant and equipment, net	94.0		288.0
Operating lease assets, net	13.3		—
Goodwill	38.7		219.7
Other intangible assets, net	565.0		1,263.0
Other assets	9.4		12.9
Current assets held for sale	$	966.7	$	2,264.9
Accounts payable	$	64.6	$	146.0
Accrued compensation	29.3		49.1
Other accrued liabilities	67.6		80.3
Deferred income taxes	129.8		251.7
Operating lease liabilities	8.6		—
Other liabilities	8.8		15.1
Current liabilities held for sale	$	308.7	$	542.2