Discontinued Operations (Tables)

6 Months Ended

Jul. 02, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Key Components of Discontinued Operations

The key components of income from discontinued operations for the three and six month periods ended July 2, 2021 and June 26, 2020 were as follows ($ in millions):

	Three Months Ended				Six Months Ended
	July 2, 2021		June 26, 2020		July 2, 2021		June 26, 2020
Sales	$	—	$	533.7	$	—	$	1,142.9
Cost of sales	—		(302.8)		—		(648.9)
Selling, general and administrative expenses	(1.3)		(112.6)		(3.2)		(253.6)
Research and development expenses	—		(30.2)		—		(63.1)
Goodwill impairment	—		—		—		(85.3)
Interest expense and other income, net	—		(7.1)		0.1		(12.3)
Earnings before income taxes	(1.3)		81.0		(3.1)		79.7
Income taxes	0.2		(10.8)		0.5		(22.4)
Net earnings from discontinued operations	$	(1.1)	$	70.2	$	(2.6)	$	57.3

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

	July 2, 2021		December 31, 2020
ASSETS
Other current assets	$	—	$	30.4
Total assets, discontinued operations	$	—	$	30.4
LIABILITIES
Current liabilities:
Accrued expenses and other current liabilities	$	(1.5)	$	(33.3)
Total liabilities, discontinued operations	$	(1.5)	$	(33.3)