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Discontinued Operations and Divestitures (Tables)
9 Months Ended
Sep. 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

September 30,
2016
     Nine Months
Ended

September 30,
2016
 

Net sales

   $ —        $ —    
  

 

 

    

 

 

 

Loss from discontinued operations before income taxes

     —          (1.3

Income tax benefit

     —          (0.3
  

 

 

    

 

 

 

Loss from discontinued operations

     —          (1.0

Net gain from sale of discontinued operations, net of tax

     —          0.6  
  

 

 

    

 

 

 

Income (loss) from discontinued operations, net of tax

   $ —        $ (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 September 30, 2017 and December 31, 2016 (in millions):

 

     September 30,
2017
     December 31,
2016
 

Accounts receivable, net

   $ —        $ 164.4  

Inventories, net

     —          311.6  

Prepaid expenses and other

     —          24.3  

Property, plant and equipment, net

     4.0        224.9  

Goodwill

     —          762.5  

Other intangible assets, net

     —          244.5  

Other assets

     —          13.5  
  

 

 

    

 

 

 

Total Assets

   $ 4.0      $ 1,745.7  
  

 

 

    

 

 

 

Accounts payable

   $ —        $ 88.2  

Accrued compensation

     —          35.3  

Other accrued liabilities

     —          81.6  

Short-term debt and current portion long-term debt

     —          4.3  

Other noncurrent liabilities

     —          131.1  
  

 

 

    

 

 

 

Total Liabilities

   $ —        $ 340.5