DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

On December 30, 2013, the Company announced that it was implementing the December 2013 Program, which primarily included exiting its direct manufacturing, warehousing and sales business operations in mainland China within the Consumer segment.

The results of the China discontinued operations are included within Loss from discontinued operations, net of taxes, and relate entirely to the Consumer segment. The summary comparative financial results of discontinued operations are as follows:

	Year Ended December 31,
	2016			2015			2014
Net sales (a)	$	—		$	—		$	2.6
(Loss) income from discontinued operations, before taxes	(4.9		)	(3.2		)	1.5
Provision for income taxes	—			—			0.2
(Loss) income from discontinued operations, net of taxes	(4.9		)	(3.2		)	1.3

^(a) Net sales during 2014 include favorable adjustments to sales returns related to the Company's exit of its direct manufacturing,

warehousing and sales business operations in mainland China within the Consumer segment.

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

	December 31,
	2016		2015
Cash and cash equivalents	$	1.7	$	2.0
Trade receivables, net	0.2		0.2
Total current assets	1.9		2.2
Total assets	$	1.9	$	2.2
Accounts payable	$	0.5	$	0.7
Accrued expenses and other	3.3		3.6
Total current liabilities	3.8		4.3
Total liabilities	$	3.8	$	4.3