Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The operating results of discontinued operations, net of income taxes, are summarized below:

	Years ended December 31
In millions	2025		2024		2023
Net sales	$	40.5	$	622.7	$	594.7
Cost of goods sold	20.9		330.8		327.8
Gross profit	19.6		291.9		266.9
Selling, general and administrative	17.2		146.1		125.9
Research and development	1.3		18.3		16.3
Operating income	1.1		127.5		124.7
Other expense (income)	—		(0.6)		0.5
Income from discontinued operations before income taxes	1.1		128.1		124.2
Gain from sale of discontinued operations before income taxes	(435.3)		—		—
Provision for income taxes	154.7		37.1		16.8
Income from discontinued operations, net of tax	$	281.7	$	91.0	$	107.4

The major classes of assets and liabilities classified as held for sale were as follows at December 31, 2024:

In millions
Cash and cash equivalents	$	58.7
Accounts receivable, net of allowances	115.0
Inventories	80.8
Other current assets	46.3
Current assets held for sale	300.8
Property, plant and equipment, net	71.4
Goodwill	709.1
Intangibles, net	153.4
Other non-current assets	41.4
Non-current assets held for sale	975.3
Total assets held for sale	$	1,276.1
Accounts payable	$	40.9
Employee compensation and benefits	20.6
Other current liabilities	61.0
Current liabilities held for sale	122.5
Pension and other post-retirement compensation and benefits	12.1
Deferred tax liabilities	12.0
Other non-current liabilities	21.8
Non-current liabilities held for sale	45.9
Total liabilities held for sale	$	168.4