Discontinued Operations (Tables)

6 Months Ended

Jun. 28, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Key Components of Discontinued Operations

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 June 28, 2019 and December 31, 2018 ($ in millions):

	June 28, 2019		December 31, 2018
ASSETS
Trade accounts receivable, net	$	0.3	$	4.2
Inventories	—		4.4
Other current assets	21.1		21.4
Total current assets, discontinued operations	$	21.4	$	30.0
LIABILITIES
Current liabilities:
Trade accounts payable	$	5.2	$	9.2
Accrued expenses and other current liabilities	11.9		21.5
Total current liabilities, discontinued operations	$	17.1	$	30.7

The key components of income from discontinued operations for the three and six month periods ended June 28, 2019 and June 29, 2018 were as follows ($ in millions):

	Three Months Ended						Six Months Ended
	June 28, 2019			June 29, 2018			June 28, 2019			June 29, 2018
Sales	$	0.4		$	254.2		$	6.1		$	502.7
Cost of sales	(0.3		)	(146.1		)	(6.1		)	(290.1		)
Selling, general and administrative expenses	(0.5		)	(40.9		)	(0.5		)	(76.1		)
Research and development expenses	—			(9.2		)	—			(18.2		)
Gain (loss) on disposition of discontinued operations before income taxes	(0.3		)	—			0.2			—
Interest expense and other	—			(1.4		)	—			(2.7		)
Earnings before income taxes	(0.7		)	56.6			(0.3		)	115.6
Income taxes	—			(11.8		)	—			(23.6		)
Net earnings from discontinued operations	$	(0.7	)	$	44.8		$	(0.3	)	$	92.0