Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Financial Results and Major Classes of Assets and Liabilities from Discontinued Operations

Financial results from discontinued operations:

	Three Months Ended
	March 31,
(in millions)	2022		2021
Net sales	$	70.4	$	53.9
Cost of sales	52.4		43.1
Selling, general and administrative	4.6		4.4
Income from discontinued operations	$	13.4	$	6.4
Income tax provision	3.1		1.4
Income from discontinued operations, net of tax	$	10.3	$	5.0

Major classes of assets and liabilities to be transferred in the transaction:

(in millions)	March 31, 2022		December 31, 2021
Assets:
Accounts receivable, net	$	20.7	$	10.6
Inventories, net	10.9		8.2
Other current assets	0.8		0.6
Current assets held for sale (a)	32.4		19.4
Property, plant and equipment, net	28.8		28.3
Other assets	0.4		0.3
Intangible assets, net	1.2		1.2
Goodwill	171.3		171.3
Long-term assets held for sale (a)	201.7		201.1
Assets held for sale	$	234.1	$	220.5
Liabilities:
Accounts payable	$	28.9	$	27.0
Accrued liabilities	6.7		12.0
Current liabilities held for sale (a)	35.6		39.0
Long-term deferred tax liability	5.8		5.8
Other liabilities	0.1		0.1
Long-term liabilities held for sale (a)	5.9		5.9
Liabilities held for sale	$	41.5	$	44.9
(a) We reasonably expect to close on this transaction within one year and therefore have presented the assets and liabilities as current as of March 31, 2022.