Discontinued operations

9 Months Ended

Sep. 30, 2011

Discontinued operations [Abstract]

Discontinued operations

Note 4 — Discontinued Operations

          During the second quarter of 2010, we concluded that our Phoenix Marketing Group (“PMG”) line of business was no longer core to our future operations and committed to a plan to dispose of the business. As a result, PMG was classified as a discontinued operation beginning in the second quarter of 2010. Prior to being classified as a discontinued operation, PMG was included in our Emerging Markets (“EM”) segment. PMG was headquartered in Lincoln Park, New Jersey and provided outsourced distribution and verification services to pharmaceutical manufacturers. The results of operations for PMG are reported as discontinued operations for all periods presented in the accompanying unaudited consolidated statements of operations in accordance with applicable accounting guidance. Additionally, for all periods presented, cash flows of our discontinued operations are segregated in our accompanying unaudited consolidated statements of cash flows. In the third quarter of 2010, we completed the sale of PMG.

          Certain information with respect to discontinued operations for the three and nine months ended September 30, 2011 and 2010 is summarized below.

	Three Months Ended,					Nine Months Ended,
	September 30,					September 30,
(in millions)	2011		2010			2011		2010
Revenues	$	—	$	5.2		$	—	$	16.5
Net loss from discontinued operations, net of tax		—		(5.6	)		—		(23.4	)
Income tax benefit from discontinued operations	$	—	$	(2.5	)	$	—	$	(12.9	)