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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2017
Discontinued Operations And Disposal Groups [Abstract]  
Major classes of line items constituting earnings from discontinued operations before income taxes related to MFS

The following table presents the financial results of MFS through the date of the Spin-Off for the indicated periods and do not include corporate overhead allocations:

Major classes of line items constituting earnings from discontinued operations before income taxes related to MFS

 

(in millions)

 

2016

 

 

2015

 

Net sales

 

$

219.6

 

 

$

1,570.1

 

Cost of sales

 

 

141.5

 

 

 

1,065.6

 

Engineering, selling and administrative expenses

 

 

48.3

 

 

 

271.3

 

Amortization of intangible assets

 

 

5.2

 

 

 

31.4

 

Asset impairment expense

 

 

 

 

 

9.0

 

Restructuring expense

 

 

0.3

 

 

 

4.6

 

Separation expense

 

 

27.7

 

 

 

39.4

 

Other

 

 

 

 

 

0.9

 

Total operating costs and expenses

 

 

223.0

 

 

 

1,422.2

 

Operating (loss) income

 

 

(3.4

)

 

 

147.9

 

Other (expense) income

 

 

(2.2

)

 

 

23.4

 

(Loss) income from discontinued operations before

   income taxes

 

 

(5.6

)

 

 

171.3

 

Provision for taxes on income

 

 

0.6

 

 

 

35.9

 

(Loss) income from discontinued operations, net of

   income taxes (1)

 

$

(6.2

)

 

$

135.4

 

(1)

For the year ended December 31, 2016 and 2015, the Company recorded net (losses) income of $(1.0) million and $0.0 million, respectively, from various other businesses disposed of prior to 2014. This is presented for informational purposes only and does not necessarily reflect what the results of operations would have been had the businesses operated as stand-alone entities.