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DISCONTINUED OPERATIONS
6 Months Ended
Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS
On December 30, 2013, the Company announced that it was implementing restructuring actions that included exiting its business operations in China (refer to Note 3, "Restructuring Charges - December 2013 Program").
The results of the China discontinued operations are included within loss from discontinued operations, net of taxes, and relate to the Consumer segment. The summary comparative financial results of discontinued operations are as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Net sales
$

 
$
2.2

 
$

 
$
2.6

Income (loss) from discontinued operations, before taxes

 
3.5

 
(0.1
)
 
0.7

Provision for income taxes

 
(0.2
)
 

 
0.2

Income (loss) from discontinued operations, net of taxes

 
3.7

 
(0.1
)
 
0.5












Assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consist of the following:
 
June 30, 2015
 
December 31, 2014
Cash and cash equivalents
$
2.9

 
$
2.4

Trade receivables, net
0.2

 
0.2

Total current assets
3.1

 
2.6

Total assets
$
3.1

 
$
2.6

 

 

Accounts payable
$
0.7

 
$
0.2

Accrued expenses and other
3.8

 
3.9

Total current liabilities
4.5

 
4.1

Total liabilities
$
4.5

 
$
4.1