Discontinued Operations (Tables)

9 Months Ended

Sep. 27, 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 September 27, 2019 and December 31, 2018 ($ in millions):

	September 27, 2019		December 31, 2018
ASSETS
Accounts receivable, net	$	0.1	$	4.2
Inventories	—		4.4
Prepaid expenses and other current assets	17.7		21.4
Total current assets, discontinued operations	$	17.8	$	30.0
LIABILITIES
Current liabilities:
Trade accounts payable	$	5.3	$	9.2
Accrued expenses and other current liabilities	10.4		21.5
Total current liabilities, discontinued operations	$	15.7	$	30.7

The key components of income from discontinued operations for the three and nine month periods ended September 27, 2019 and September 28, 2018 were as follows ($ in millions):

	Three Months Ended						Nine Months Ended
	September 27, 2019			September 28, 2018			September 27, 2019			September 28, 2018
Sales	$	—		$	238.9		$	6.1		$	741.6
Cost of sales	(0.1		)	(140.5		)	(6.2		)	(430.6		)
Selling, general and administrative expenses	—			(49.8		)	(0.5		)	(125.9		)
Research and development expenses	—			(8.7		)	—			(27.0		)
Gain (loss) on disposition of discontinued operations before income taxes	(0.6		)	—			(0.4		)	—
Interest expense and other income, net	0.5			(1.3		)	0.5			(4.0		)
Earnings before income taxes	(0.2		)	38.6			(0.5		)	154.1
Income taxes	—			(7.3		)	—			(30.8		)
Net earnings from discontinued operations	$	(0.2	)	$	31.3		$	(0.5	)	$	123.3