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Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2012

The operating results of discontinued operations


	Three Months Ended				Six Months Ended
(In millions)	June 30, 2012		July 2, 2011		June 30, 2012		July 2, 2011
Net sales		$ 179.2		$ 202.9		$ 336.0		$ 358.2
Income before taxes		$ 18.6		$ 23.7		$ 15.6		$ 28.5
Provision for income taxes		5.7		3.5		5.1		.4
Income from discontinued operations, net of tax		$ 12.9		$ 20.2		$ 10.5		$ 28.1

Carrying values of the major classes of assets and liabilities related to discontinued operations


(In millions)	June 30, 2012		December 31, 2011
Assets
Trade accounts receivable, net		$ 132.9		$ 117.7
Inventories, net		93.9		50.9
Other current assets		8.0		5.9
Total current assets		234.8		174.5
Property, plant and equipment, net		75.1		74.2
Goodwill		163.1		166.0
Other intangibles resulting from business acquisitions, net		31.2		32.9
Other assets		7.0		7.3
		$ 511.2		$ 454.9
Liabilities
Short-term borrowings		$ .9		$ 1.1
Accounts payable		55.5		34.7
Other current liabilities		96.0		105.1
Total current liabilities		152.4		140.9
Non-current liabilities		12.6		13.6
		$ 165.0		$ 154.5

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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