Discontinued Operations and Other Businesses Sold or to be Sold (Tables)

9 Months Ended

Sep. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Summarized financial information of discontinued operations

The following table represents income from discontinued operations, net of tax:

	Three Months Ended September 30, 2023		Nine Months Ended September 30, 2023 (1)
Sales	$	17.5	$	58.8
Cost of sales	15.4		41.4
Gross profit	2.1		17.4
Selling, general, and administrative expenses	2.1		6.9
Operating income	—		10.5
Other expenses:
Interest expense, net	3.0		8.9
Foreign currency loss	—		0.1
Other expense, net	3.0		9.0
(Loss) income before income taxes	(3.0)		1.5
Income tax expense	0.5		1.6
Loss from discontinued operations before gain on sale of business	(3.5)		(0.1)
Gain on sale of business, net of $7.5 taxes (2)	(2.5)		(2.5)
Total loss from discontinued operations, net of tax	$	(6.0)	$	(2.6)

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(1)The Roots business was acquired on March 17, 2023 and held for sale until the sale was completed on August 18, 2023.

(2)The gain on sale of the Roots business was $5.0 before taxes for both the three and nine months ended September 30, 2023.

The following table represents a summary of cash flows related to discontinued operations:

Net cash provided by (used in):	Nine Months Ended September 30, 2023
Operating activities	$	3.9
Investing activities	(2.6)
Net cash provided by discontinued operations	$	1.3