Divestitures and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Group Activity

Results of discontinued operations were as follows (in millions):

	Three months ended September 30,				Nine months ended September 30,
	2022		2021		2022		2021
Sales	$	—	$	181.8	$	349.3	$	581.2
Cost of sales	—		136.2		262.9		432.9
Other costs and expenses	2.0		48.7		99.5		146.1
Income (loss) from discontinued operations before income taxes	(2.0)		(3.1)		(13.1)		2.2
Income tax expense (benefit)	1.5		(0.7)		(1.2)		0.2
Income (loss) from discontinued operations, net of tax	(3.5)		(2.4)		(11.9)		2.0
Impairment of discontinued operations	—		—		187.8		—
Provision for income taxes	0.6		—		(45.0)		—
Loss from sale / impairment of discontinued operations, net of tax	0.6		—		142.8		—
Net income (loss) from discontinued operations	$	(4.1)	$	(2.4)	$	(154.7)	$	2.0

The carrying amounts of major classes of assets and liabilities of discontinued operations were as follows (in millions):

	December 31, 2021
Cash	$	6.9
Trade receivables	12.6
Inventories, net	134.1
Other current assets	9.6
Current assets held for sale	$	163.2
Property and equipment, net	$	47.7
Intangible assets, net	102.3
Operating lease assets	74.8
Other long-term assets	1.2
Long-term assets held for sale	$	226.0
Accounts payable	$	21.5
Accrued expenses and other current liabilities	66.5
Current operating lease liabilities	19.8
Current liabilities held for sale	$	107.8
Long-term operating lease liabilities	$	57.2
Other long-term liabilities	8.9
Long-term liabilities held for sale	$	66.1