Discontinued Operations (Tables)

3 Months Ended

Mar. 29, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Key Components of Discontinued Operations

The key components of income from discontinued operations for the three month periods ended March 29, 2019 and March 30, 2018 were as follows ($ in millions):

	March 29, 2019			March 30, 2018
Sales	$	5.7		$	248.5
Cost of sales	(5.8		)	(144.0		)
Selling, general and administrative expenses	—			(35.2		)
Research and development expenses	—			(9.0		)
Gain on disposition of discontinued operations before income taxes	0.5			—
Interest expense and other	—			(1.3		)
Earnings before income taxes	0.4			59.0
Income taxes	—			(11.8		)
Net earnings	$	0.4		$	47.2

The following table summarizes the major classes of assets and liabilities of discontinued operations that were included in our accompanying Consolidated Condensed Balance Sheets as of March 29, 2019 and December 31, 2018 ($ in millions):

	March 29, 2019		December 31, 2018
ASSETS
Trade accounts receivable, net	$	5.1	$	4.2
Inventories	—		4.4
Other current assets	21.2		21.4
Total current assets, discontinued operations	$	26.3	$	30.0
LIABILITIES
Current liabilities:
Trade accounts payable	$	5.4	$	9.2
Accrued expenses and other current liabilities	17.3		21.5
Total current liabilities, discontinued operations	$	22.7	$	30.7