Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Summary of Details of Earnings (Loss), Asset and Liabilities from Discontinued operation

Details of earnings (loss) from discontinued operations included in our consolidated statements of earnings are as follows (in millions):

	For the Years Ended December 31,
	2021			2020			2019
Net Sales	$	1,008.8		$	896.9		$	1,021.6
Cost of products sold, excluding intangible asset amortization		380.6			304.0			308.9
Intangible asset amortization		86.2			85.5			83.4
Research and development		61.3			49.0			55.2
Selling, general and administrative		480.5			465.0			533.7
Goodwill and intangible asset impairment		—			142.0			—
Restructuring and other cost reduction initiatives		3.3			9.7			1.8
Quality remediation		0.2			0.2			0.4
Acquisition, integration, divestiture and related		76.8			12.4			12.7
Other expense (income), net		0.5			(1.6	)		(0.2	)
(Loss) Earnings from discontinued operations before income taxes		(80.6	)		(169.3	)		25.7
(Benefit) Provision for income taxes from discontinued operations		(37.2	)		(41.1	)		12.3
(Loss) Earnings from discontinued operations, net of tax	$	(43.4	)	$	(128.2	)	$	13.4

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

	December 31, 2021		December 31, 2020
Cash and cash equivalents	$	100.4	$	27.4
Accounts receivable, less allowance for credit losses		145.3		174.6
Inventories		246.5		276.5
Prepaid expenses and other current assets		9.4		9.7
Total Current Assets of Discontinued Operations	$	501.6	$	488.2
Property, plant and equipment, net	$	179.9	$	183.9
Goodwill		272.8		278.7
Intangible assets, net		766.2		891.0
Other assets		57.9		63.3
Total Noncurrent Assets of Discontinued Operations	$	1,276.8	$	1,416.9
Accounts payable	$	44.7	$	48.1
Income taxes payable		3.1		3.8
Other current liabilities		129.4		155.6
Total Current Liabilities of Discontinued Operations	$	177.2	$	207.5
Deferred income taxes, net	$	107.1	$	164.0
Other long-term liabilities		61.3		62.9
Total Noncurrent Liabilities of Discontinued Operations	$	168.4	$	226.9