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Discontinued Operations and Divestitures (Tables)
6 Months Ended
Jun. 30, 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

June 30, 2016
     Six Months
Ended

June 30, 2016
 

Net sales

   $    $

Loss from discontinued operations before income taxes

     (0.7      (1.3

Income tax benefit

     (0.1      (0.3
  

 

 

    

 

 

 

Loss from discontinued operations

     (0.6      (1.0

Net gain from sale of discontinued operations, net of tax

     —          0.6  
  

 

 

    

 

 

 

Income (loss) from discontinued operations, net of tax

   $ (0.6    $ (0.4
  

 

 

    

 

 

 
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 June 30, 2017 and December 31, 2016 (in millions):

 

     June 30, 2017      December 31, 2016  

Accounts receivable, net

   $ 41.8      $ 164.4  

Inventories, net

     144.8        311.6  

Prepaid expenses and other

     23.0        24.3  

Property, plant and equipment, net

     84.8        224.9  

Goodwill

     23.7        762.5  

Other intangible assets, net

     28.0        244.5  

Other assets

     13.1        13.5  
  

 

 

    

 

 

 

Total Assets

   $ 359.2      $ 1,745.7  
  

 

 

    

 

 

 

Accounts payable

   $ 24.6      $ 88.2  

Accrued compensation

     21.6        35.3  

Other accrued liabilities

     56.7        81.6  

Short-term debt and current portion long-term debt

     —          4.3  

Other noncurrent liabilities

     14.4        131.1  
  

 

 

    

 

 

 

Total Liabilities

   $ 117.3      $ 340.5