Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Service Experts [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Assets and liabilities of the discontinued operations

A summary of net sales and pre-tax gains and losses for the Service Experts business is detailed below (in millions):



	For the Years Ended December 31,
	2013			2012			2011
Net sales ⁽¹⁾	$	73.5		$	385.1		$	448.4
Pre-tax operating loss ⁽¹⁾⁽²⁾	(15.1		)	(50.8		)	(10.5		)
Gain on sale of business	1.4			—			—

⁽¹⁾ Excludes eliminations of intercompany sales and any associated profit.

⁽²⁾ Pre-tax operating loss for the year ended December 31, 2012 included a $20.5 million goodwill impairment loss.

The assets and liabilities of the Service Experts business included the following in the accompanying Consolidated Balance Sheets (in millions):



	As of December 31,
	2013		2012
Assets of discontinued operations:
Accounts receivable, net	$	—	$	11.2
Inventories, net	—		4.8
Property, plant and equipment, net	—		3.6
Goodwill and intangible assets, net ⁽¹⁾	—		66.2
Deferred income taxes	—		5.5
Other assets	—		7.3
Total assets of discontinued operations	$	—	$	98.6
Liabilities of discontinued operations:
Accounts payable	$	—	$	16.7
Accrued expenses	—		38.5
Total liabilities of discontinued operations	$	—	$	55.2

Hearth [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Assets and liabilities of the discontinued operations

A summary of net sales and pre-tax gains and losses for the Hearth business is detailed below (in millions):



	For the Years Ended December 31,
	2013		2012			2011
Net sales	$	—	$	23.5		$	81.5
Pre-tax operating income (loss) ⁽¹⁾	0.5		(13.7		)	(26.3		)
Loss on sale of business	—		(0.9		)	—


⁽¹⁾	Pre-tax operating loss in 2012 included a $6.3 million pre-tax impairment charge for the write-down of net assets to their estimated fair value, a $6.3 million settlement charge related to actuarial losses recognized upon transition of a pension obligation to the acquirer of the Hearth business and a $3.5 million gain related to realized foreign currency translation adjustments.

There were no assets or liabilities related to the Hearth business included in the accompanying Consolidated Balance Sheets as of December 31, 2013 or 2012.

- 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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