Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

The sale of GMSL closed on February 28, 2020. As a result of the sale, the results of GMSL and transaction related expenses directly attributable to the sale were reported as discontinued operations. Summarized operating results of the discontinued operations are as follows (in millions):

	Three Months Ended March 31,
	2020		2019
Net revenue	$	17.3	$	42.4
Cost of revenue	18.2		33.2
Selling, general and administrative	13.7		6.0
Depreciation and amortization	3.8		6.6
Other operating expenses	—		0.6
Loss from operations	(18.4)		(4.0)
Interest expense	(3.6)		(3.5)
Loss on sale of subsidiary	(39.3)		—
Income from equity investees	0.5		1.0
Other income (loss)	0.9		(0.1)
Pre-tax loss from discontinued operations	(59.9)		(6.6)
Income tax benefit (expense)	(0.1)		—
Loss from discontinued operations	$	(60.0)	$	(6.6)

Summarized assets and liabilities of the discontinued operations are as follows (in millions):

	December 31,
	2019
Assets
Other invested assets	$	16.9
Cash and cash equivalents	10.2
Accounts receivable, net	26.0
Deferred tax asset	—
Property, plant and equipment, net	182.1
Goodwill	14.3
Intangibles, net	5.3
Other assets	68.5
Total assets held for sale	$	323.3
Liabilities
Accounts payable and other current liabilities	$	33.4
Debt obligations	65.6
Pension Liability	18.8
Other liabilities	36.1
Total liabilities held for sale	$	153.9

For further details related to the sale of GMSL, see note 5. Acquisitions, Dispositions, and Deconsolidations.