Discontinued Operations and Divestitures Discontinued Operations and Divestitures (Tables)

12 Months Ended

Dec. 31, 2016

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	2016		2015			2014
Net sales	$	1,639.4	$	1,858.6		$	2,673.3
Cost of goods sold	1,177.1		1,271.2			1,785.1
Gross profit	462.3		587.4			888.2
Selling, general and administrative	367.6		457.8			551.5
Research and development	18.2		21.2			23.4
Impairment of goodwill and trade names	—		554.7			—
Operating income (loss)	$	76.5	$	(446.3	)	$	313.3
Income (loss) from discontinued operations before income taxes	$	77.2	$	(445.5	)	$	314.9
Provision for income taxes	7.2		21.3			70.9
Income (loss) from discontinued operations, net of tax	$	70.0	$	(466.8	)	$	244.0
Gain (loss) from sale / impairment of discontinued operations before income taxes	$	0.6	$	(6.7	)	$	(400.4	)
Income tax benefit	—		—			14.7
Gain (loss) from sale / impairment of discontinued operations, net of tax	$	0.6	$	(6.7	)	$	(385.7	)

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	2016		2015
Accounts and notes receivable, net	$	365.4	$	394.5
Inventories	491.5		609.6
Other current assets	35.0		89.3
Current assets held for sale	$	891.9	$	1,093.4
Property, plant and equipment, net	$	361.5	$	403.1
Goodwill	996.4		996.4
Intangibles, net	703.5		742.7
Asbestos-related insurance receivable	108.5		111.0
Other non-current assets	123.0		95.4
Non-current assets held for sale	$	2,292.9	$	2,348.6
Accounts payable	$	151.4	$	175.0
Employee compensation and benefits	61.5		100.3
Other current liabilities	143.3		157.7
Current liabilities held for sale	$	356.2	$	433.0
Pension and other post-retirement compensation and benefits	$	32.2	$	42.6
Deferred tax liabilities	162.8		173.9
Asbestos-related liabilities	228.3		237.9
Other non-current liabilities	82.6		90.8
Non-current liabilities held for sale	$	505.9	$	545.2