Discontinued Operations

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations. In the first half of 2015, there were no sales that were classified as discontinued operations. In the first half of 2014, the Company sold a retail property on Maui whose revenue and expenses were classified as discontinued operations because the sale met the conditions for classification as discontinued operations for 2014.

The revenue, operating profit, income tax expense and after-tax effects of sales treated as discontinued operations were as follows (in millions): 

	Quarter Ended				Six Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Proceeds from the sale of income-producing properties	$	—	$	—	$	—	$	70.1
Real estate leasing revenue	—		—		—		0.3
Total	$	—	$	—	$	—	$	70.4
Gain on sale of income-producing properties	$	—	$	—	$	—	$	55.9
Real estate leasing operating profit	—		—		—		0.3
Total operating profit before taxes	—		—		—		56.2
Income tax expense	—		—		—		21.9
Income from discontinued operations	$	—	$	—	$	—	$	34.3