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Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued operations The following table details the components comprising Net income (loss) from the Company's discontinued operations attributable to common stockholders:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 (amounts in millions)
2018
 
2017
 
2018
 
2017
Net sales
$
422.1

 
$
423.7

 
1,414.6

 
1,317.2

Cost of sales
(260.0
)
 
(260.8
)
 
(850.7
)
 
(769.4
)
Selling, technical, general and administrative
(103.6
)
 
(123.9
)
 
(375.5
)
 
(385.6
)
Research and development
(12.0
)
 
(12.2
)
 
(38.9
)
 
(36.3
)
Impairment loss
(376.0
)
 
—

 
(376.0
)
 
—

Operating (loss) profit
(329.5
)
 
26.8

 
(226.5
)
 
125.9

Other expense items
(30.3
)
 
(17.1
)
 
(14.5
)
 
(55.7
)
(Loss) income from discontinued operations, before income taxes
(359.8
)
 
9.7

 
(241.0
)
 
70.2

Income tax expense
(41.8
)
 
(39.1
)
 
(52.3
)
 
(47.1
)
(Loss) income from discontinued operations, net of tax
(401.6
)
 
(29.4
)
 
(293.3
)
 
23.1

Net income from discontinued operations attributable to the non-controlling interests
(1.0
)
 
(2.1
)
 
(0.8
)
 
(2.0
)
Net (loss) income from discontinued operations attributable to common stockholders
$
(402.6
)
 
$
(31.5
)
 
$
(294.1
)
 
$
21.1

The carrying value of major classes of assets and liabilities related to the Company's discontinued operations at September 30, 2018 and December 31, 2017 were as follows:
 
September 30,
 
December 31,
 
2018
 
2017
Assets
 
 
 
Cash and cash equivalents
$
151.2

 
$
219.4

Accounts receivable, net
815.4

 
740.5

Inventories
402.1

 
304.0

Other current assets
176.3

 
168.2

Current assets of discontinued operations
$
1,545.0

 
$
1,432.1

 
 
 
 
Property, plant and equipment, net
$
156.2

 
$
164.9

Goodwill
1,784.1

 
1,948.5

Intangible assets, net
1,750.3

 
1,976.5

Other assets (1)
(307.1
)
 
78.7

Non-current assets of discontinued operations
$
3,383.5

 
$
4,168.6

 
 
 
 
Liabilities
 
 
 
Accounts payable
$
329.8

 
$
350.6

Current installments of revolving credit facilities
71.9

 
28.8

Accrued expenses and other current liabilities
440.7

 
385.5

Current liabilities of discontinued operations
$
842.4

 
$
764.9

 
 
 
 
Deferred income taxes
$
357.2

 
$
409.6

Other liabilities
49.2

 
63.0

Non-current liabilities of discontinued operations
$
406.4

 
$
472.6

(1) Includes an estimated impairment loss of $376 million on discontinued operations.