Discontinued Operations and Dispositions (Tables)

12 Months Ended

Dec. 31, 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 the Company’s accompanying Consolidated Balance Sheets as of December 31 ($ in millions):

	2019		2018
ASSETS
Accounts receivable, net	$	—	$	4.2
Inventories	—		4.4
Other current assets	3.2		21.4
Total current assets, discontinued operations	3.2		30.0
Total assets, discontinued operations	$	3.2	$	30.0
LIABILITIES
Current liabilities:
Trade accounts payable	$	—	$	9.2
Accrued expenses and other current liabilities	—		21.5
Total current liabilities, discontinued operations	—		30.7
Total liabilities, discontinued operations	$	—	$	30.7

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

	2019			2018			2017
Sales	$	6.1		$	750.5		$	900.0
Cost of sales	(6.2		)	(438.9		)	(522.9		)
Selling, general, and administrative expenses	—			(92.3		)	(124.5		)
Research and development expenses	—			(26.9		)	(36.7		)
Gain (loss) on disposition of discontinued operations before income taxes	(2.1		)	1,909.9			—
Interest expense and other	—			(4.6		)	(5.3		)
Earnings (loss) before income taxes	(2.2		)	2,097.7			210.6
Income taxes	15.7			(102.2		)	(50.4		)
Earnings from discontinued operations, net of income taxes	$	13.5		$	1,995.5		$	160.2