Discontinued Operations

9 Months Ended

Sep. 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 September 30, 2025
	CIT		Other		Total










Income (loss) from discontinued operations before income taxes(1)	$	—	$	(0.2)	$	(0.2)
Provision for (benefit from) income taxes	(0.5)		(0.4)		(0.9)
Income (loss) from discontinued operations	$	0.5	$	0.2	$	0.7

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


	Three Months Ended September 30, 2024
	CIT		Other		Total






Other non-operating expense (income), net	$	0.6	$	6.1	$	6.7

(Gain) loss on sale of discontinued operations	(2.6)		0.3		(2.3)

Income (loss) from discontinued operations before income taxes	2.0		(6.4)		(4.4)
Provision for (benefit from) income taxes	(0.6)		(1.5)		(2.1)
Income (loss) from discontinued operations	$	2.6	$	(4.9)	$	(2.3)


	Nine Months Ended September 30, 2025
	CIT		Other		Total










Income (loss) from discontinued operations before income taxes(1)	$	(0.5)	$	2.5	$	2.0
Provision for (benefit from) income taxes	(1.8)		(0.4)		(2.2)
Income (loss) from discontinued operations	$	1.3	$	2.9	$	4.2

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


	Nine Months Ended September 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	0.5		15.2		15.7

(Gain) loss on sale of discontinued operations	(457.3)		0.6		(456.7)

Income (loss) from discontinued operations before income taxes	513.5		(15.8)		497.7
Provision for (benefit from) income taxes	56.4		(5.0)		51.4
Income (loss) from discontinued operations	$	457.1	$	(10.8)	$	446.3

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



	Nine Months Ended September 30, 2025
(in millions)	CIT		Other		Total
Net cash provided by operating activities	$	1.3	$	2.9	$	4.2
Net cash provided by investing activities	—		—		—
Net cash used in financing activities	(1.3)		(2.9)		(4.2)
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	$	—	$	—	$	—


	Nine Months Ended September 30, 2024
(in millions)	CIT		Other		Total
Net cash provided by (used in) operating activities	$	9.0	$	(10.8)	$	(1.8)
Net cash provided by investing activities	1,986.3		—		1,986.3
Net cash (used in) provided by financing activities(1)	(2,024.1)		10.8		(2,013.3)
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.