Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

The following table summarizes the major classes of revenues and expenses constituting net earnings from discontinued operations attributable to the TransCore and Zetec businesses:

	Year ended December 31,
	2022
Net revenues	$	100.4
Cost of sales	71.2
Gross profit	29.2
Selling, general and administrative expenses (1)	19.9
Income from operations	9.3
Other income, net	0.1
Earnings before income taxes (2)	9.4
Income tax benefit	(6.2)
Earnings from discontinued operations, net of tax	15.6
Gain on disposition of discontinued operations, net of tax (3)	1,717.5
Net earnings from discontinued operations	$	1,733.1

(1) Includes stock-based compensation expense of $0.9 for the year ended December 31, 2022. Stock-based compensation was previously reported as a component of unallocated corporate general and administrative expenses.

(2) During the year ended December 31, 2022, there was no depreciation of property, plant and equipment or amortization of intangible assets given the asset classification as held for sale during the period.

(3) Includes expense of $4.5 associated with accelerated vesting of share-based awards for the year ended December 31, 2022.

The following table summarizes the major classes of revenues and expenses constituting net earnings from discontinued operations attributable to Indicor:

	Year ended December 31,
	2023			2022
Net revenues	$	—		$	916.1
Cost of sales	—			432.1
Gross profit	—			484.0
Selling, general and administrative expenses (1)	2.3			250.5
Income (loss) from operations	(2.3)			233.5
Other expense, net	—			(0.7)
Earnings (loss) before income taxes (2)	(2.3)			232.8
Income taxes	1.8			45.6
Earnings (loss) from discontinued operations, net of tax	(4.1)			187.2
Gain on disposition of discontinued operations, net of tax	19.9		(3)	1,638.8
Net earnings from discontinued operations	$	15.8		$	1,826.0

(1) Certain costs previously reported as a component of unallocated corporate general and administrative expenses have been reclassified to discontinued operations. These costs primarily include stock-based compensation expense of $10.3 for the year ended December 31, 2022.

(2) Includes depreciation and amortization of $6.4 for the year ended December 31, 2022.

(3) Consists of adjustments subsequent to the sale primarily associated with income taxes.