DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

Details of Income from Discontinued Operations are as follows (in millions):

	Three Months Ended March 31,
	2025		2024
Net sales	$	17.0	$	268.3
Cost of sales	9.7		98.7
Gross profit	7.3		169.6
Selling, general, and administrative expenses	5.7		61.3
Research and development expenses	1.4		28.5
Separation costs	5.3		41.3
Operating (loss) income, net	(5.1)		38.5
Other non-operating expense, net	3.1		0.3
(Loss) income from discontinued operations before provision for income taxes	(8.2)		38.2
(Benefit from) provision for income taxes from discontinued operations	(1.0)		12.1
Net (loss) income from discontinued operations	(7.2)		26.1

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

	March 31, 2025		December 31, 2024
Cash and cash equivalents	$	6.5	$	9.6
Accounts receivable, net of allowances	6.1		—
Inventories	17.3		15.1
Prepaid expenses	2.7		2.1
Total current assets of discontinued operations	$	32.6	$	26.8
Property, plant, and equipment, net	$	4.6	$	3.4
Operating lease right-of-use assets	0.2		—
Goodwill	7.4		7.4
Other assets	0.2		—
Total non-current assets of discontinued operations	$	12.4	$	10.8
Accounts payable	$	0.4	$	—
Accrued and other liabilities	1.7		2.0
Operating lease liabilities	0.2		—
Total current liabilities of discontinued operations	$	2.3	$	2.0

Cash flows attributable to the Company's discontinued operations are included in the Company's consolidated condensed statements of cash flows. Significant non-cash operating and investing activities attributable to discontinued operations consisted of the following (in millions):

	Three Months Ended March 31,
	2025	2024
Depreciation and amortization	—	5.9
Stock-based compensation	0.1	5.6
Inventory reserves and write offs	—	2.7
Capital expenditures	(1.0)	(5.1)