Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The carrying amounts of the assets and liabilities of the Divestiture held for sale are as follows ($ in millions):

	December 31, 2021
ASSETS
Current assets:
Assets for Relevant Jurisdictions	$	12.2
Current assets held for sale	$	12.2
LIABILITIES AND EQUITY
Current liabilities:
Liabilities for Relevant Jurisdictions	$	4.0
Current liabilities held for sale	$	4.0

The operating results of the Divestiture are reflected in the Consolidated Statements of Operations within income from discontinued operations, net of tax as follows ($ in millions):

	Year Ended December 31
	2022		2021		2020
Sales	$	11.7	$	413.5	$	352.9
Cost of sales	9.1		234.6		249.6
Gross profit	2.6		178.9		103.3
Operating expenses:
Selling, general and administrative	3.2		75.6		99.3
Research and development	—		16.1		14.1
Operating (loss) profit	(0.6)		87.2		(10.1)
Income tax expense	—		21.9		(0.9)
(Loss) income from discontinued operations	(0.6)		65.3		(9.2)
Gain on sale of discontinued operations, net of tax	5.7		11.7		—
Net income (loss) from discontinued operations	$	5.1	$	77.0	$	(9.2)

Significant non-cash operating items and capital expenditures for the Divestiture are reflected in the cash flows from operations as follows ($ in millions):

	Year Ended December 31
	2022		2021		2020
Cash flows from operating activities
Non-cash restructuring charges	$	—	$	—	$	9.6
Impairment charges	$	—	$	—	$	10.5
Depreciation and amortization1	$	—	$	5.8	$	10.9
Cash flows from investing activities:
Capital expenditures	$	—	$	6.7	$	3.8
1 Depreciation and amortization were no longer recognized once the business was classified as discontinued operations as of August 27, 2021.