Discontinued Operations and Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Components of amounts reflected in income from discontinued operations are as follows (in millions):

	Year Ended
	December 31, 2016
Net revenues	$	1,216.3
Cost of materials and other	(1,041.2		)
Operating expenses	(116.4		)
General and administrative expenses	(21.8		)
Depreciation and amortization	(20.4		)
Interest expense	(6.4		)
Gain on sale of Retail Entities	134.1
Income from discontinued operations before taxes	144.2
Income tax expense	57.9
Income from discontinued operations, net of tax	$	86.3

Components of amounts reflected in income from discontinued operations are as follows (in millions):

	Year Ended
	December 31, 2018			December 31, 2017
Net revenues	$	32.5		$	82.4
Cost of sales:
Cost of materials and other	3.8			(68.7		)
Operating expenses (excluding depreciation and amortization)	(9.4		)	(14.4		)
Total cost of sales	(5.6		)	(83.1		)
General and administrative expenses	(1.1		)	(6.0		)
Other operating income, net	0.3			(0.2		)
Interest expense	—			(1.7		)
Interest income	3.0			—
Other expense, net	—			—
Loss on sale of California Discontinued Entities	(40.0		)	—
Loss from discontinued operations before taxes	(10.9		)	(8.6		)
Income tax benefit	(2.2		)	(2.7		)
Loss from discontinued operations, net of tax	$	(8.7	)	$	(5.9	)

The carrying amount of the major classes of assets and liabilities of the California Discontinued Entities included in assets held for sale and liabilities associated with assets held for sale are as follows (in millions):

	December 31, 2017
Assets held for sale:
Cash and cash equivalents	$	10.1
Accounts receivable	7.9
Inventory	1.9
Other current assets	1.3
Property, plant & equipment, net	130.0
Other intangibles, net	6.6
Other non-current assets	2.2
Assets held for sale	$	160.0
Liabilities associated with assets held for sale:
Accrued expenses and other current liabilities	$	9.5
Deferred tax liabilities	63.9
Other non-current liabilities	32.5
Liabilities associated with assets held for sale	$	105.9