Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The results of operations of SVT and HPS are presented as discontinued operations for the year ended December 31, 2022 as summarized below:

	Specialty Vehicle Technologies		High Pressure Solutions		Total
Revenues	$	6.6	$	—	$	6.6
Cost of sales	6.5		—		6.5
Gross Profit	0.1		—		0.1
Selling and administrative expenses	0.1		—		0.1
Gain on sale	(2.8)		—		(2.8)
Other operating expense, net	0.7		1.6		2.3
Income from Discontinued Operations Before Income Taxes	2.1		(1.6)		0.5
Provision for income taxes	(13.2)		(1.5)		(14.7)
Income from Discontinued Operations, Net of Tax	$	15.3	$	(0.1)	$	15.2

The following table summarizes the impacts of the divestiture.

Assets divested:
Cash and cash equivalents	$	153.5
Insurance recovery receivable	13.9
Liabilities divested:
Asbestos indemnity liability - current	(12.3)
Asbestos indemnity liability - noncurrent	(111.4)
Loss on Asbestos Sale, before transaction costs	43.7
Transaction costs	15.1
Loss on Asbestos Sale	58.8
Income tax benefit	(7.6)
Loss on Asbestos Sale, net of tax	$	51.2