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Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued operations The following table details the components comprising Net (loss) income from the Company's discontinued operations attributable to common stockholders:
 
 
Year Ended December 31,
 (amounts in millions)
 
2018
 
2017
 
2016
Net sales
 
$
1,991.8

 
$
1,897.3

 
1,815.8

Cost of sales
 
(1,190.3
)
 
(1,122.1
)
 
(1,085.4
)
Selling, technical, general and administrative
 
(466.4
)
 
(531.4
)
 
(524.7
)
Research and development
 
(52.4
)
 
(52.0
)
 
(39.4
)
Goodwill impairment (1)
 
—

 
(160.0
)
 
—

Impairment loss
 
(450.0
)
 
—

 
—

Operating (loss) profit
 
(167.3
)
 
31.8

 
166.3

Other income (expense) items
 
11.5

 
(60.4
)
 
17.4

(Loss) income from discontinued operations, before income taxes
 
(155.8
)
 
(28.6
)
 
183.7

Income tax expense
 
(87.1
)
 
(75.2
)
 
(69.9
)
(Loss) income from discontinued operations, net of tax
 
(242.9
)
 
(103.8
)
 
113.8

Net (income) loss from discontinued operations attributable to the non-controlling interests
 
(3.0
)
 
1.7

 
(2.6
)
Net (loss) income from discontinued operations attributable to common stockholders
 
$
(245.9
)
 
$
(102.1
)
 
$
111.2

(1)  
In 2017, the Company recorded an impairment charge in the former Agricultural Solutions segment of $160 million related to its Agro Business reporting unit. This charge was driven by the impact of a delayed agricultural market recovery, which resulted in lower expectations for future profitability and cash flows as compared to the expectations of the 2016 annual goodwill impairment test.
The following table details supplemental cash flow disclosure information related to Company's discontinued operations:
 
 
Year Ended December 31,
 (amounts in millions)
 
2018
 
2017
 
2016
Cash paid for interest
 
$
5.4

 
$
7.1

 
$
11.3

Cash paid for income taxes
 
$
69.5

 
$
71.1

 
$
58.6

The carrying value of major classes of assets and liabilities related to the Company's discontinued operations at December 31, 2018 and 2017 were as follows:
 
 
December 31,
 
 
2018
 
2017
Assets
 
 
 
 
Cash and cash equivalents
 
$
177.8

 
$
219.4

Accounts receivable, net
 
919.4

 
740.5

Inventories
 
369.1

 
304.0

Other current assets
 
155.0

 
168.2

Current assets of discontinued operations
 
$
1,621.3

 
$
1,432.1

Property, plant and equipment, net
 
$
172.0

 
$
164.9

Goodwill
 
1,816.9

 
1,948.5

Intangible assets, net
 
1,797.7

 
1,976.5

Other assets (1)
 
(374.2
)
 
78.7

Non-current assets of discontinued operations
 
$
3,412.4

 
$
4,168.6

Liabilities
 
 
 
 
Accounts payable
 
$
365.7

 
$
350.6

Current installments of revolving credit facilities
 
52.5

 
28.8

Accrued expenses and other current liabilities
 
408.6

 
385.5

Current liabilities of discontinued operations
 
$
826.8

 
$
764.9

Deferred income taxes
 
$
369.9

 
$
409.6

Other liabilities
 
46.3

 
63.0

Non-current liabilities of discontinued operations
 
$
416.2

 
$
472.6

(1) Includes an estimated impairment loss of $450.0 million on discontinued operations at December 31, 2018.