XML 48 R31.htm IDEA: XBRL DOCUMENT v3.3.1.900
Discontinued Operations and Divestitures Discontinued Operations and Divestitures (Tables)
12 Months Ended
Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]
Operating results of discontinued operations are summarized below:
 
Years ended December 31
In millions
2015
2014
2013
Net sales
$
18.6

$
295.8

$
490.1

Cost of goods sold
18.1

250.2

387.4

Gross profit
$
0.5

$
45.6

$
102.7

 
 
 
 
Income (loss) from discontinued operations before income taxes
$
(7.1
)
$
1.5

$
33.0

Income tax benefit (provision)
2.4

(7.9
)
(7.1
)
Income (loss) from discontinued operations, net of tax
$
(4.7
)
$
(6.4
)
$
25.9

 
 
 
 
Loss from sale / impairment of discontinued operations before income taxes
$
(6.7
)
$
(400.4
)
$
(1.1
)
Income tax benefit

14.7

0.3

Loss from sale / impairment of discontinued operations, net of tax
$
(6.7
)
$
(385.7
)
$
(0.8
)
The carrying amounts of major classes of assets and liabilities that were classified as held for sale on the Consolidated Balance Sheets were as follows:
 
December 31
In millions
2015
2014
Cash and cash equivalents
$

$
7.0

Accounts and notes receivable, net

28.8

Inventories

30.1

Other current assets

14.7

Current assets held for sale
$

$
80.6

Property, plant and equipment, net
$

$
18.5

Other non-current assets

6.4

Non-current assets held for sale
$

$
24.9

Accounts payable
$

$
12.2

Employee compensation and benefits

11.3

Other current liabilities

11.6

Current liabilities held for sale
$

$
35.1

Long-term debt
$

$
4.0

Pension and other post-retirement compensation and benefits

2.5

Non-current liabilities held for sale
$

$
6.5