Discontinued Operations and Dispositions (Tables)

12 Months Ended

Dec. 31, 2021

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Key Components of Discontinued Operations

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

	2021		2020		2019
Sales	$	—	$	1,963.4	$	2,778.2
Cost of sales	—		(1,107.3)		(1,587.5)
Selling, general, and administrative expenses	(4.5)		(455.3)		(494.4)
Research and development expenses	—		(98.6)		(136.4)
Goodwill impairment	—		(85.3)		—
Gain (loss) on disposition of discontinued operations before income taxes	—		—		(2.1)
Interest expense and other	0.1		(31.0)		(22.2)
Earnings (loss) before income taxes	(4.4)		185.9		535.6
Income taxes	(1.4)		(24.8)		(64.8)
Earnings from discontinued operations, net of income taxes	$	(5.8)	$	161.1	$	470.8

The following table summarizes the major classes of assets and liabilities of discontinued operations that were included in the Company’s Consolidated Balance Sheets as of December 31 ($ in millions):

	2021		2020
ASSETS
Accounts receivable, net	$	—	$	—
Inventories	—		—
Other current assets	—		30.4
Total current assets, discontinued operations	—		30.4
Property, plant and equipment, net	—		—
Goodwill	—		—
Other intangible assets, net	—		—
Other non-current assets	—		—
Total other assets, discontinued operations	—		—
Total assets, discontinued operations	$	—	$	30.4
LIABILITIES
Current liabilities:
Trade accounts payable	$	—	$	—
Accrued expenses and other current liabilities	—		(33.3)
Total current liabilities, discontinued operations	—		(33.3)
Other long-term liabilities	—		—
Total liabilities, discontinued operations	$	—	$	(33.3)