Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Activity of Discontinued Operations

A summary of the results from discontinued operations included in the Condensed Consolidated Statements of Income and Comprehensive Income follows:

(in millions)	Three Months Ended September 30,		Nine Months Ended September 30,
	2021		2021
Revenues	$	32.8	$	219.7
Cost of goods sold	23.9		171.3
Other operating expenses, net	4.5		28.3
Operating income	4.4		20.1
Other non-operating expense, net	—		0.2
Income from discontinued operations before income taxes and loss on sale	4.4		19.9
Loss on sale of discontinued operations	(2.2)		(6.9)
Income from discontinued operations before income taxes	2.2		13.0
Benefit from income taxes	(26.9)		(24.4)
Income from discontinued operations	$	29.1	$	37.4

A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, follows:

(in millions)	2022		2021
Net cash (used in) provided by operating activities	$	(2.6)	$	8.5
Net cash provided by investing activities	132.0		241.0
Net cash used in financing activities(1)	(129.4)		(254.6)
Change in cash and cash equivalents from discontinued operations	$	—	$	(5.1)

(1)Represents borrowings from (repayments to) the Carlisle cash pool to fund working capital and capital expenditures and return of capital upon sale.