DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

On December 30, 2013, the Company announced that it was implementing restructuring actions that include exiting its operations in China (refer to Note 3, "Restructuring Charges"). The Company expects to complete the exit of its operations in China by the end of 2014.

The results of the China operations have been included within loss from discontinued operations, net of taxes and are included within the Consumer segment. The summary comparative financial results of discontinued operations are as follows:

	For the Year Ended December 31,
	2013			2012			2011
Net sales	$	13.8		$	29.7		$	33.9
Loss from discontinued operations, before taxes (a)	(30.8		)	(10.5		)	(2.4		)
Benefit from income taxes	(0.4		)	(0.4		)	(0.6		)
Loss from discontinued operations, net of taxes	(30.4		)	(10.1		)	(1.8		)

^(a) Included in loss from discontinued operations, before taxes for the year ended December 31, 2013 is $20.0 million of restructuring and related charges related to the Company's exit of its business operations in China as part of the December 2013 Program. Refer to Note 3, "Restructuring Charges," for disclosures related to the December 2013 Program.

Assets and liabilities of discontinued operations included in the Consolidated Balance Sheets consist of the following:

	December 31,
	2013		2012
Cash and cash equivalents	$	0.9	$	4.5
Trade receivables, net	1.9		4.6
Inventories	—		1.9
Other current assets	—		0.5
Total current assets	2.8		11.5
Other assets	—		0.1
Total assets	$	2.8	$	11.6
Accounts payable	$	4.7	$	5.5
Accrued expenses and other	27.6		11.7
Total current liabilities	32.3		17.2
Other long-term liabilities	2.8		2.8
Total liabilities	$	35.1	$	20.0