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Acquisitions and Discontinued Operations
 12 Months Ended
Dec. 31, 2020
Business Combination And Disposal Groups, Including Discontinued Operations, Disclosure [Abstract]  
Acquisitions and Discontinued Operations Acquisitions and Discontinued Operations
Acquisitions
In February 2019, as part of Consumer Solutions, we completed the acquisitions of Aquion, Inc. (“Aquion”) and Pelican Water Systems (“Pelican”) for $163.4 million and $121.1 million, respectively, in cash, net of cash acquired and final working capital true-ups.
For Aquion, the excess of purchase price over tangible net assets and identified intangible assets acquired has been allocated to goodwill in the amount of $101.9 million, $4.6 million of which is expected to be deductible for income tax purposes. Identifiable intangible assets acquired as part of the Aquion acquisition include $15.7 million of indefinite-lived trade name intangible assets and $78.8 million of definite-lived customer relationships with an estimated useful life of 15 years.
For Pelican, the excess purchase price over tangible net assets acquired has been allocated to goodwill in the amount of $118.0 million, $7.6 million of which is expected to be deductible for income tax purposes.
In 2020, our Consumer Solutions reporting segment completed acquisitions with purchase prices totaling $58.0 million in cash, net of cash acquired.
The pro forma impact of the acquisitions in 2019 and 2020 were not material.
Discontinued Operations
On April 30, 2018, we completed the Separation and Distribution. The results of the Electrical business have been presented as discontinued operations for all periods presented. The Electrical business had been previously disclosed as a stand-alone reporting segment. Separation costs related to the Separation and Distribution were $84.2 million for the twelve months ended December 31, 2018. These costs are reported in discontinued operations as they represent a cost directly related to the Separation and Distribution and were included within Income (loss) from discontinued operations, net of tax presented below.
Operating results of discontinued operations are summarized below:
Years ended December 31
In millions202020192018
Net sales$— $— $693.9 
Cost of goods sold— — 424.0 
Gross profit— — 269.9 
Selling, general and administrative(1.2)7.4 237.8 
Research and development— — 14.6 
Operating income (loss)$1.2 $(7.4)$17.5 
Income (loss) from discontinued operations before income taxes$1.6 $(7.6)$31.8 
Income tax provision (benefit)0.1 (1.6)6.1 
Income (loss) from discontinued operations, net of tax$1.5 $(6.0)$25.7