Other Current Assets

9 Months Ended

Sep. 30, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Current Assets

NOTE 7. OTHER CURRENT ASSETS

	September 30, 2024		December 31, 2023
Prepaid expenses	$	17.9	$	15.9
Assets held for sale		13.0		6.7
Fair value of derivative assets		0.6		1.1
Other		2.1		2.7
Total other current assets	$	33.6	$	26.4

As of December 31, 2023, assets held for sale included the building and land of our idled Mineral Fiber plant in St. Helens, Oregon and the building and related land of an Architectural Specialties design center in Chicago, Illinois. During the second quarter of 2024, we sold the Architectural Specialties design center in Chicago, Illinois for total proceeds of $2.1 million, with no gain or loss recorded upon sale. During the third quarter of 2024, we sold our idled Mineral Fiber plant in St. Helens, Oregon for total proceeds of $9.4 million, with a $4.6 million gain recorded upon sale. As of September 30, 2024, assets held for sale included a parcel of undeveloped land adjacent to our corporate campus in Lancaster, Pennsylvania and recorded as a component of our Mineral Fiber segment. Upon classification to held for sale during the third quarter, we recognized an impairment loss of $4.9 million. The impact of these transactions is recorded within impairment and gain on sale of fixed assets, net on our Condensed Consolidated Statements of Earnings and Comprehensive Income.