Discontinued Operations and Other Businesses Sold (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Summarized Financial Information of Discontinued Operations

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

	Year Ended December 31,
	2023 (1)		2022 (3)
Sales	$	58.8	$	—
Cost of sales	41.4		—
Gross profit	17.4		—
Selling, general, and administrative expenses	7.4		74.8
Operating income	10.0		(74.8)
Other expenses:
Interest expense, net	8.9		—
Foreign currency loss	0.1		—
Other expense, net	9.0		—
Income (loss) before income taxes	1.0		(74.8)
Income tax expense (benefit)	1.2		(17.2)
Loss from discontinued operations before gain on sale of business	(0.2)		(57.6)
Loss on sale of business, net of $5.4 taxes (2)	0.4		—
Total loss from discontinued operations, net of tax	$	(0.6)	$	(57.6)

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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 the year ended December 31, 2023.

(3)Loss from discontinued operations, net of tax for the year ended December 31, 2022 relates to the divestiture of our cryobiological products business and the associated legal claims that Chart retained after the divestiture. We recognized a contingent liability and related legal fees and other third party expenses net of an insurance receivable and income taxes during the year ended December 31, 2022. See Note 21, “Commitments and Contingencies” for further information.