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Discontinued Operations and Divestitures (Tables)
3 Months Ended
Mar. 31, 2017
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
March 31,
 
     2017      2016  

Net sales

   $ —        $ —    
  

 

 

    

 

 

 

Loss from discontinued operations before income taxes

     —          (0.6

Income tax benefit

     —          0.2  
  

 

 

    

 

 

 

Loss from discontinued operations

     —          (0.4

Net gain from sale of discontinued operations, net of tax

     —          0.6  
  

 

 

    

 

 

 

Income from discontinued operations, net of tax

   $ —        $ 0.2  
  

 

 

    

 

 

 

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 March 31, 2017 and December 31, 2016 (in millions):

 

     March 31, 2017      December 31, 2016  

Accounts receivable, net

   $ 60.8      $ 164.4  

Inventories, net

     174.3        311.6  

Prepaid expenses and other

     11.1        24.3  

Property, plant and equipment, net

     102.2        224.9  

Goodwill

     42.6        762.5  

Other intangible assets, net

     74.6        244.5  

Other assets

     1.0        13.5  
  

 

 

    

 

 

 

Total Assets

   $ 466.6      $ 1,745.7  
  

 

 

    

 

 

 

Accounts payable

   $ 30.1      $ 88.2  

Accrued compensation

     18.6        35.3  

Other accrued liabilities

     32.1        81.6  

Short-term debt and current portion long-term debt

     —          4.3  

Other noncurrent liabilities

     14.3        131.1  
  

 

 

    

 

 

 

Total Liabilities

   $ 95.1      $ 340.5