DISCONTINUED OPERATIONS AND OTHER DIVESTITURES (Tables)

3 Months Ended

Mar. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

Summary of Activities in Consolidated Statements of Income for Discontinued Operations

The following table displays summarized activity in our consolidated statements of income for discontinued operations during the three months ended March 31, 2014 and 2013, related to our former Coating Resins (“Coatings”) segment and other divestitures.



	Three Months Ended March 31,
	2014								2013
	Coatings			Pre- Acquisition Umeco		Total			Coatings			Total
Net sales	$	—		$	—	$	—		$	360.8		$	360.8
Earnings from operations of discontinued businesses before income taxes	$	—		$	—	$	—		$	48.1		$	48.1
Income tax expense on operations	—			—		—			(16.5		)	(16.5		)
Gain (loss) on sale of discontinued operations	(4.1		)	3.6		(0.5		)	(4.6		)	(4.6		)
Income tax (expense) benefit on gain (loss) on sale	0.5			—		0.5			0.3			0.3
Earnings from discontinued operations, net of tax	$	(3.6	)	$	3.6	$	—		$	27.3		$	27.3

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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