Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of disposal groups, including discontinued operations

	Year Ended December 31,
	2022		2021		2020
Net sales	$	210.4	$	161.0	$	143.1
Cost of sales	220.0		169.3		135.7
Selling, general and administrative	14.2		11.5		10.2
Restructuring and other special charges	3.9		4.0		—
Goodwill impairment	—		4.6		—
Operating loss	(27.7)		(28.4)		(2.8)
Interest expense1	(2.8)		(3.0)		(2.7)
Loss from operation of discontinued operations	(30.5)		(31.4)		(5.5)
Loss on classification as held-for-sale	(1.8)		—		—
Income tax benefit	8.0		5.5		1.2
Loss from discontinued operations, net of tax	$	(24.3)	$	(25.9)	$	(4.3)

(1) - Interest expense includes an allocation of interest that is not directly attributable to our Aluminum Products business, totaling $2.5 million, $2.6 million and $2.3 million in 2022, 2021 and 2020, respectively.

The following represents the details of assets and liabilities held-for-sale in each period:

	December 31, 2022		December 31, 2021
	(In millions, except share data)
ASSETS
Current assets:
Accounts receivable, net	$	24.9	$	31.7
Inventories, net	30.2		30.5
Other current assets	1.2		3.0
Current assets held-for-sale1	56.3		65.2
Property, plant and equipment, net	46.1		49.9
Operating lease right-of-use assets	4.8		7.0
Long-term assets held-for-sale1	50.9		56.9
Total assets held-for-sale	$	107.2	$	122.1
LIABILITIES
Current liabilities:
Trade accounts payable	$	22.8	$	15.7
Current portion of finance lease liabilities	2.4		4.4
Current portion of operating lease liabilities	2.3		2.2
Other accrued expenses	10.7		10.6
Current liabilities held-for-sale1	$	38.2	$	32.9
Long-term liabilities, less current portion:
Long-term finance lease liabilities	3.1		4.6
Long-term operating lease liabilities	2.5		4.8
Long-term liabilities held-for-sale1	5.6		9.4
Total liabilities held-for-sale	$	43.8	$	42.3

(1) - We reasonably expect to finalize the sale of the Aluminum Products business within one year from the December 31, 2022 balance sheet date, and therefore we have presented all assets and liabilities held-for-sale as current as of that date.