DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2014

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 business operations in China (refer to Note 3, "Restructuring Charges"). The Company expects to complete such exit by the end of 2014.

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

	Three Months Ended March 31,
	2014			2013
Net sales	$	0.4		$	6.0
Loss from discontinued operations, before taxes	(2.8		)	(2.4		)
Provision for income taxes	0.4			—
Loss from discontinued operations, net of taxes	(3.2		)	(2.4		)

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

	March 31, 2014		December 31, 2013
Cash and cash equivalents	$	17.4	$	0.9
Trade receivables, net	1.1		1.9
Inventories	—		—
Other current assets	0.1		—
Total current assets	18.6		2.8
Total assets	$	18.6	$	2.8
Accounts payable	$	7.5	$	4.7
Accrued expenses and other	16.0		27.6
Total current liabilities	23.5		32.3
Other long-term liabilities	—		2.8
Total liabilities	$	23.5	$	35.1