Discontinued Operations, Sale of Assets and Assets Held for Sale (Tables)

9 Months Ended

Sep. 28, 2013

Discontinued Operations, Sale of Assets and Assets Held for Sale

The operating results of discontinued operations and loss on sale

	Three Months Ended					Nine Months Ended
(In millions)	September 28, 2013			September 29, 2012		September 28, 2013			September 29, 2012
Net sales	$	–		$	257.2	$	380.5		$	682.2
Income (loss) before taxes, including divestiture-related and restructuring costs	4.1			34.4		(10.6		)	56.2
Provision for (benefit from) income taxes	2.9			12.0		(.8		)	19.4
Income (loss) from discontinued operations, net of tax before loss on sale	1.2			22.4		(9.8		)	36.8
Loss on sale, net of tax provision of $68.9	(16.7		)	–		(16.7		)	–
(Loss) income from discontinued operations, net of tax	$	(15.5	)	$	22.4	$	(26.5	)	$	36.8

Carrying values of the major classes of assets and liabilities of the OCP business that were classified as "held for sale"

(In millions)	December 29, 2012
Assets
Trade accounts receivable, net	$	119.0
Inventories, net	57.2
Other current assets	7.7
Total current assets	183.9
Property, plant and equipment, net	79.5
Goodwill	167.9
Other intangibles resulting from business acquisitions, net	32.5
Other assets	8.4
	$	472.2
Liabilities
Accounts payable	$	31.2
Other current liabilities	113.1
Total current liabilities	144.3
Non-current liabilities	16.2
	$	160.5