Discontinued Operations

6 Months Ended

Jun. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

On May 21, 2024, the Company completed the sale of Carlisle Interconnect Technologies ("CIT") for cash proceeds of $2.025 billion, subject to certain customary purchase price adjustments, which were finalized in the third quarter of 2024.

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


	Three Months Ended June 30, 2025
	CIT		Other		Total










(Loss) income from discontinued operations before income taxes(1)	(0.2)		0.1		(0.1)
Benefit from provision for income taxes	(0.2)		(0.2)		(0.4)
Income from discontinued operations	$	—	$	0.3	$	0.3

(1)Related to other non-operating income and expenses


	Three Months Ended June 30, 2024
	CIT		Other		Total
Revenues	$	115.2	$	—	$	115.2

Cost of goods sold	83.7		—		83.7

Other operating expense (income), net	11.9		—		11.9
Operating income	19.6		—		19.6
Other non-operating expense (income), net	0.1		1.5		1.6
Income (loss) from discontinued operations before income taxes and gain on sale	19.5		(1.5)		18.0
(Gain) loss on sale of discontinued operations	(462.3)		0.1		(462.2)

Income (loss) from discontinued operations before income taxes	481.8		(1.6)		480.2
Provision for (benefit from) income taxes	53.6		(0.6)		53.0
Income (loss) from discontinued operations	$	428.2	$	(1.0)	$	427.2


	Six Months Ended June 30, 2025
	CIT		Other		Total










(Loss) income from discontinued operations before income taxes(1)	(0.5)		2.7		2.2
(Benefit from) provision for income taxes	(1.3)		—		(1.3)
Income from discontinued operations	$	0.8	$	2.7	$	3.5

(1)Related to other non-operating income and expenses


	Six Months Ended June 30, 2024
	CIT		Other		Total
Revenues	$	328.6	$	—	$	328.6

Cost of goods sold	237.5		—		237.5

Other operating expense (income), net	34.4		—		34.4
Operating income	56.7		—		56.7
Other non-operating expense (income), net	(0.1)		9.1		9.0
Income (loss) from discontinued operations before income taxes and gain on sale	56.8		(9.1)		47.7
(Gain) loss on sale of discontinued operations	(454.7)		0.3		(454.4)

Income (loss) from discontinued operations before income taxes	511.5		(9.4)		502.1
Provision for (benefit from) income taxes	57.0		(3.5)		53.5
Income (loss) from discontinued operations	$	454.5	$	(5.9)	$	448.6

A summary of cash flows from discontinued operations included in the Condensed Consolidated Statements of Cash Flows follows:



	Six Months Ended June 30, 2025
(in millions)	CIT		Other		Total
Net cash provided by operating activities	$	0.8	$	2.7	$	3.5
Net cash provided by investing activities	—		—		—
Net cash used in financing activities	(0.8)		(2.7)		(3.5)
Change in cash and cash equivalents from discontinued operations	—		—		—
Cash and cash equivalents from discontinued operations at beginning of period	—		—		—
Cash and cash equivalents from discontinued operations at end of period	$	—	$	—	$	—


	Six Months Ended June 30, 2024
(in millions)	CIT		Other		Total
Net cash provided by (used in) operating activities	$	20.0	$	(5.9)	$	14.1
Net cash provided by investing activities	1,983.6		—		1,983.6
Net cash (used in) provided by financing activities(1)	(2,032.4)		5.9		(2,026.5)
Change in cash and cash equivalents from discontinued operations	(28.8)		—		(28.8)
Cash and cash equivalents from discontinued operations at beginning of period	28.8		—		28.8
Cash and cash equivalents from discontinued operations at end of period	$	—	$	—	$	—

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