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DISCONTINUED OPERATIONS
 12 Months Ended
Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS
On December 30, 2013, the Company announced that it was implementing restructuring actions which 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 income (loss) from discontinued operations, net of taxes, and relate to the Consumer segment. The summary comparative financial results of discontinued operations are as follows:
 
Year Ended December 31,
 
2014
 
2013
 
2012
Net sales (a)
$
2.6

 
$
13.8

 
$
29.7

Income (loss) from discontinued operations, before taxes (b)
1.5

 
(30.8
)
 
(10.5
)
Benefit for income taxes
0.2

 
(0.4
)
 
(0.4
)
Income (loss) from discontinued operations, net of taxes
1.3

 
(30.4
)
 
(10.1
)
(a)
Net sales during 2014 include favorable adjustments to sales returns related to the Company's exit of its China operations.
(b)
Included in loss from discontinued operations, before taxes for 2013 is $20.0 million of restructuring and related charges related to the Company's exit of its business operations in China as part of the December 2013 Program. Refer to Note 3, "Restructuring Charges - December 2013 Program," for related disclosures.
Assets and liabilities of the China discontinued operations included in the Consolidated Balance Sheets consist of the following:
 
December 31,
 
2014
 
2013
Cash and cash equivalents
$
2.4

 
$
0.9

Trade receivables, net
0.2

 
1.9

Total current assets
2.6

 
2.8

Total assets
$
2.6

 
$
2.8

 

 

Accounts payable
$
0.2

 
$
4.7

Accrued expenses and other
3.9

 
27.6

Total current liabilities
4.1

 
32.3

Other long-term liabilities
—

 
2.8

Total liabilities
$
4.1

 
$
35.1