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Discontinued Operations (Tables)
3 Months Ended
Mar. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]  
Schedule of Financial Results of Discontinued Operations

The following details the financial results of discontinued operations:

 

For the three months ended

 

 

March 31,

 

 

2016

 

Net sales

$

1,047.4

 

Cost of sales

 

810.6

 

Operating expenses (a)

 

161.1

 

Interest and other expense (income), net (b)

 

17.9

 

Earnings before income taxes

 

57.8

 

Income tax expense

 

21.6

 

Net earnings from discontinued operations

$

36.2

 

 

(a)

Includes spinoff transaction costs incurred of $11.9 million during the three month period ended March 31, 2016.  

 

(b)

Includes the related interest expense of the corporate level debt, which was retired in connection with the Separation totaling $18.0 million for the three months ended March 31, 2016.

Schedule of Non-Cash Items and Capital Expenditures of Discontinued Operations

The significant non-cash items and capital expenditures of discontinued operations were as follows:

 

 

For the three months ended

 

 

March 31,

 

 

2016

 

Depreciation and amortization

$

54.4

 

Impairment charges

 

0.9

 

Assumption of warehousing equipment related to customer contract

 

8.8

 

Purchase of property, plant and equipment

 

17.7