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Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Reconciliation of Gain on Disposal
The following table includes a reconciliation of the gain on the sale of the Darex business related to delayed close entities recorded during the nine months ended September 30, 2019 and 2018:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2018
 
2019
 
2018
Net proceeds included in gain
$
30.4

 
$
12.7

 
$
55.4

Net assets derecognized
(5.4
)
 
(3.1
)
 
(11.9
)
Gain recognized before income taxes
25.0

 
9.6

 
43.5

Tax effect of gain recognized
(6.2
)
 
(2.4
)
 
(14.4
)
Gain recognized after income taxes
$
18.8

 
$
7.2

 
$
29.1
Financial Results and Other Effects Related to Discontinued Operations
The following table sets forth the components of "Income from discontinued operations, net of income taxes" in the accompanying unaudited Consolidated Statements of Operations:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In millions)
2019
 
2018
 
2019
 
2018
Net sales
$
—

 
$
1.7

 
$
—

 
$
13.3

Cost of goods sold
—

 
1.2

 
—

 
13.9

Gross profit
—

 
0.5

 
—

 
(0.6
)
Selling, general and administrative expenses
0.2

 
1.3

 
1.1

 
4.6

Restructuring expenses and asset impairments
0.1

 
—

 
0.3

 
0.8

Gain on sale of business
—

 
(25.0
)
 
(9.6
)
 
(43.5
)
Other expense (income), net
0.1

 
(0.1
)
 
0.1

 
(3.2
)
Total expense (income)
0.4

 
(23.8
)
 
(8.1
)
 
(41.3
)
(Loss) income from discontinued operations before income taxes
(0.4
)
 
24.3

 
8.1

 
40.7

Provision for income taxes
—

 
(6.1
)
 
(2.2
)
 
(14.0
)
(Loss) income from discontinued operations, net of income taxes
$
(0.4
)
 
$
18.2

 
$
5.9

 
$
26.7

The following table sets forth carrying amounts of the major classes of assets and liabilities of Darex classified as held for sale in the accompanying unaudited Consolidated Balance Sheets as of September 30, 2019 and December 31, 2018:
(In millions)
September 30, 2019
 
December 31, 2018
Trade accounts receivable
$
—

 
$
2.2

Inventories, net
—

 
1.2

Current assets held for sale
$
—

 
$
3.4

Properties and equipment, net
—

 
0.2

Other assets
0.5

 
0.5

Non-current assets held for sale
$
0.5

 
$
0.7

Underfunded and unfunded defined benefit pension plans
—

 
0.4

Non-current liabilities held for sale
$
—

 
$
0.4