Discontinued Operations - (Tables)

6 Months Ended

Jul. 03, 2021

Discontinued Operations and Disposal Groups [Abstract]

Summary of Discontinued Operations in Financial Statements

The major components of net (loss) income from discontinued operations, net of income taxes in the accompanying Consolidated Statement of Operations include the following:

	For the Three Months Ended		For the Six Months Ended
(in millions of U.S. dollars)	June 27, 2020		June 27, 2020
Revenue, net 1	$	—	$	97.1
Cost of sales	—		71.1
Operating loss from discontinued operations	—		(0.5)
(Loss) gain on sale of discontinued operations	(5.6)		54.9
Net (loss) income from discontinued operations, before income taxes	(5.5)		54.3
Income tax (benefit) expense 2	(1.2)		27.7
Net (loss) income from discontinued operations, net of income taxes	$	(4.3)	$	26.6

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1    Includes $1.0 million of related party sales to continuing operations for the six months ended June 27, 2020.

2    The S&D Divestiture resulted in tax expense on the gain on sale of $28.0 million and utilized a significant portion of the existing U.S. net operating loss carry-forwards.