Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Key Components of Discontinued Operations

The key components of income from discontinued operations for the years ended December 31 were as follows ($ in millions):

	2018			2017			2016
Sales	$	750.5		$	900.0		$	846.1
Cost of sales	(438.9		)	(522.9		)	(497.2		)
Selling, general and administrative expenses	(92.3		)	(124.5		)	(126.0		)
Research and development expenses	(26.9		)	(36.7		)	(33.8		)
Gain on disposition of discontinued operations before income taxes	1,909.9			—			—
Interest expense and other	(4.6		)	(5.3		)	(2.6		)
Earnings before income taxes	2,097.7			210.6			186.5
Income taxes	(102.2		)	(50.4		)	(54.4		)
Net earnings	$	1,995.5		$	160.2		$	132.1

The following table summarizes the major classes of assets and liabilities of discontinued operations that were included in the Company’s accompanying Consolidated Balance Sheets as of December 31 ($ in millions):

	2018		2017
ASSETS
Trade accounts receivable, net	$	4.2	$	123.1
Inventories	4.4		73.9
Other current assets	21.4		6.8
Total current assets, discontinued operations	30.0		203.8
Property, plant and equipment, net	—		102.1
Goodwill	—		538.2
Other intangible assets, net	—		19.6
Other non-current assets	—		7.3
Total other assets, discontinued operations	—		667.2
Total assets, discontinued operations	$	30.0	$	871.0
LIABILITIES
Current liabilities:
Trade accounts payable	$	9.2	$	98.5
Accrued expenses and other current liabilities	21.5		59.5
Total current liabilities, discontinued operations	30.7		158.0
Other long-term liabilities	—		64.2
Total liabilities, discontinued operations	$	30.7	$	222.2