DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS

6 Months Ended

Jun. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

On December 30, 2013, the Company announced that it was implementing restructuring actions that include exiting its business operations in China (refer to Note 3, "Restructuring Charges"). The Company expects to complete such exit by the end of 2014.

The results of the China discontinued operations are included within income (loss) from discontinued operations, net of taxes, within the Consumer segment. The summary comparative financial results of discontinued operations are as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014		2013
Net sales (a)	$	2.2		$	5.4		$	2.6	$	11.4
Income (loss) from discontinued operations, before taxes	3.5			(2.7		)	0.7		(5.1		)
(Benefit from) provision for income taxes	(0.2		)	0.3			0.2		0.3
Income (loss) from discontinued operations, net of taxes	3.7			(2.4		)	0.5		(4.8		)

^(a) Net sales during the second quarter and first six months of 2014 primarily represent favorable adjustments to sales returns related to the Company's exit of its China operations.

Assets and liabilities of discontinued operations included in the Consolidated Balance Sheets consist of the following:

	June 30, 2014		December 31, 2013
Cash and cash equivalents	$	5.9	$	0.9
Trade receivables, net	—		1.9
Inventories	—		—
Other current assets	0.1		—
Total current assets	6.0		2.8
Total assets	$	6.0	$	2.8
Accounts payable	$	1.8	$	4.7
Accrued expenses and other	5.7		27.6
Total current liabilities	7.5		32.3
Other long-term liabilities	—		2.8
Total liabilities	$	7.5	$	35.1