Discontinued Operations

12 Months Ended

Dec. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONSOn July 20, 2018, the Company agreed to sell its then Agricultural Solutions business to UPL Corporation Ltd. pursuant to the terms and conditions of a certain stock purchase agreement, as amended. The Arysta Sale was completed on January 31, 2019. In connection with the Arysta Sale, the Company agreed to retain certain liabilities associated with legal and tax proceedings, primarily related to an Arysta subsidiary in Brazil. The Company does not expect to incur a material loss as a result of these proceedings. However, the resolutions of these matters may take several years and, to the extent not covered by insurance, may adversely impact the Company's financial position or results of operations.

The following table details the components comprising net income (loss) from the Company's discontinued operations attributable to common stockholders:

	Year Ended December 31,
(dollars in millions)		2019 (1)		2018
Net sales		$	65.3	$	1,991.8
Cost of sales		(45.5)		(1,190.3)
Selling, technical, general and administrative		(37.2)		(466.4)
Research and development		(4.6)		(52.4)
Gain (loss) on Arysta Sale		2.4		(450.0)		(2)
Operating loss		(19.6)		(167.3)
Other, net		9.0		11.5
Loss from discontinued operations, before income taxes		(10.6)		(155.8)
Income tax benefit (expense)		23.9		(87.1)
Income (loss) from discontinued operations, net of tax		13.3		(242.9)
Net income from discontinued operations attributable to the non-controlling interests		—		(3.0)
Net income (loss) from discontinued operations attributable to common stockholders		$	13.3	$	(245.9)

(1) Includes activity through January 31, 2019, when the Arysta Sale was completed, and certain post-closing adjustments relating to, among other things, cash, indebtedness and working capital as of the closing date.

(2) Primarily due to reclassification of foreign currency translation adjustments from "Accumulated other comprehensive loss" within Stockholders' Equity into earnings within the Consolidated Statement of Operations.

Net loss attributable to common stockholders from the Company's discontinued operations was $1.1 million for the year ended December 31, 2020.

The following table details supplemental cash flow disclosure information related to Company's discontinued operations:

	Year Ended December 31,
(dollars in millions)	2020		2019		2018
Cash paid for interest	$	—	$	—	$	5.4
Cash paid for income taxes	$	14.0	$	25.3	$	69.5