Discontinued Operations (Tables)

3 Months Ended

Mar. 28, 2020

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations in Financial Statements

The major components of net income from discontinued operations, net of income taxes in the accompanying Consolidated Statements of Operations include the following:

	For the Three Months Ended
(in millions of U.S. dollars)	March 28, 2020		March 30, 2019
Revenue, net 1	$	97.1	$	148.0
Cost of sales	71.1		108.2
Operating (loss) income from discontinued operations	(0.5)		3.4
Gain on sale of discontinued operations	60.5		—
Net income from discontinued operations, before income taxes	59.8		3.4
Income tax expense 2	28.9		0.4
Net income from discontinued operations, net of income taxes	$	30.9	$	3.0

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¹ Includes $1.0 million and $1.6 million of related party sales to continuing operations for the three months ended March 28, 2020 and March 30, 2019, respectively.

² The S&D Divestiture resulted in tax expense on the gain on sale of $28.5 million and will utilize a significant portion of the existing U.S. net operating loss carry forwards.