Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2019:

	Six Months Ended June 30,
(In millions)	2019
Net proceeds included in gain	$	12.7
Net assets derecognized	(3.1)
Gain recognized before income taxes	9.6
Tax effect of gain recognized	(2.4)
Gain recognized after income taxes	$	7.2

Financial Results and Other Effects Related to Discontinued Operations

The following table sets forth the components of "(Loss) income from discontinued operations, net of income taxes" in the accompanying unaudited Consolidated Statements of Operations⁽¹⁾:

	Three Months Ended June 30,		Six Months Ended June 30,
(In millions)	2019		2020		2019
Net sales	$	—	$	—	$	—
Cost of goods sold	—		—		—
Gross profit	—		—		—
Selling, general and administrative expenses	0.6		0.2		0.9
Restructuring expenses and asset impairments	0.1		—		0.2
Gain on sale of business	—		—		(9.6)
Other (income) expenses, net	(0.1)		0.1		—
(Loss) income from discontinued operations before income taxes	(0.6)		(0.3)		8.5
Benefit (provision) for income taxes	0.1		—		(2.2)
(Loss) income from discontinued operations, net of income taxes	$	(0.5)	$	(0.3)	$	6.3

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(1)There was no activity during the three months ended June 30, 2020.