Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Operating results of discontinued operations are summarized below:

	Three months ended					Six months ended
In millions	June 30, 2018			June 30, 2017		June 30, 2018		June 30, 2017
Net sales	$	155.0		$	606.9	$	693.9	$	1,465.7
Cost of goods sold	93.8			375.4		424.0		947.0
Gross profit	61.2			231.5		269.9		518.7
Selling, general and administrative	93.1			136.5		231.0		324.9
Research and development	3.4			12.5		14.6		27.6
Operating (loss) income	$	(35.3	)	$	82.5	$	24.3	$	166.2
(Loss) income from discontinued operations before income taxes	$	(37.9	)	$	81.7	$	19.8	$	165.3
Income tax (benefit) provision	(1.5		)	15.2		11.7		23.7
(Loss) income from discontinued operations, net of tax	$	(36.4	)	$	66.5	$	8.1	$	141.6
Gain from sale of discontinued operations before income taxes	$	—		$	203.0	$	—	$	203.0
Provision for income taxes	—			2.4		—		2.4
Gain from sale of discontinued operations, net of tax	$	—		$	200.6	$	—	$	200.6

The carrying amounts of major classes of assets and liabilities that were classified as held for sale on the Condensed Consolidated Balance Sheets were as follows:

In millions	December 31, 2017
Cash and cash equivalents	$	27.0
Accounts and notes receivable, net	348.5
Inventories	224.1
Other current assets	108.4
Current assets held for sale	$	708.0
Property, plant and equipment, net	$	265.8
Goodwill	2,238.2
Intangibles, net	1,236.6
Other non-current assets	249.0
Non-current assets held for sale	$	3,989.6
Accounts payable	$	174.1
Employee compensation and benefits	70.8
Other current liabilities	115.9
Current liabilities held for sale	$	360.8
Pension and other post-retirement compensation and benefits	$	189.2
Deferred tax liabilities	286.2
Other non-current liabilities	61.6
Non-current liabilities held for sale	$	537.0