Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2014

The following table provides selected financial information for the Walsum plant included within discontinued operations in the Consolidated Statements of Income. The amounts exclude general corporate overhead and interest expense which were previously allocated to the entity comprising the discontinued operations.

	Year Ended December 31,
	2014			2013			2012
	(millions of dollars)
Net sales	$	-		$	1.6		$	8.9

Production margin		-			(2.1	)		(2.9	)
Expenses (income)		(0.3	)		0.5			0.7
Facility closure costs accrual (reversal)		(2.4	)		5.9			-

Income (loss) from operations	$	2.7		$	(8.5	)	$	(3.6	)

Provision for taxes on income	$	0.6		$	(2.7	)	$	(1.1	)

Income (loss) from discontinued operations, net of tax	$	2.1		$	(5.8	)	$	(2.5	)

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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