Divestitures, Discontinued Operations and Assets and Liabilities Held for Sale (Tables)

9 Months Ended

Sep. 30, 2023

Business Combinations [Abstract]

Summary of Discontinued Operations and Assets and Liabilities Held for Sale

Financial results for the Company's discontinued operations are as follows:

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2023			2022		2023			2022
	(Dollars in Millions)
Total revenues	$	27.2		$	62.4	$	86.4		$	268.8
Pretax earnings (loss) from discontinued operations	$	3.9		$	4.7	$	(14.6	)	$	21.1
Pretax (loss) gain on divestitures and sales    of assets		(21.9	)		0.7		(19.6	)		(0.3	)
Pretax (loss) earnings		(18.0	)		5.4		(34.2	)		20.8
Income tax (benefit) expense		(4.4	)		1.3		(8.4	)		6.5
(Loss) Earnings from discontinued operations,    net of income tax (benefit) expense	$	(13.6	)	$	4.1	$	(25.8	)	$	14.3

Assets and liabilities held for sale are as follows:

	September 30, 2023								December 31, 2022
	Continuing Operations		Discontinued Operations			Total			Continuing Operations		Discontinued Operations			Total
	(Dollars in Millions)
Inventories, net	$	—	$	25.8		$	25.8		$	—	$	31.3		$	31.3
Investment land		19.4		—			19.4			40.6		—			40.6
Other assets		—		0.6			0.6			—		1.3			1.3
Total current assets held for sale	$	19.4	$	26.4		$	45.8		$	40.6	$	32.6		$	73.2
Property, plant and equipment	$	—	$	87.2		$	87.2		$	—	$	124.5		$	124.5
Intangible assets, excluding goodwill		—		208.5			208.5			—		208.5			208.5
Operating lease right-of-use assets		—		6.1			6.1			—		12.1			12.1
Goodwill		—		31.9			31.9			—		31.9			31.9
Valuation allowance for loss on sale		—		(26.4	)		(26.4	)		—		(4.5	)		(4.5	)
Total noncurrent assets held for sale	$	—	$	307.3		$	307.3		$	—	$	372.5		$	372.5
Lease obligations	$	—	$	(1.3	)	$	(1.3	)	$	—	$	(4.5	)	$	(4.5	)
Total current liabilities held for sale	$	—	$	(1.3	)	$	(1.3	)	$	—	$	(4.5	)	$	(4.5	)
Lease obligations	$	—	$	(2.5	)	$	(2.5	)	$	—	$	(4.1	)	$	(4.1	)
Asset retirement obligations		—		(17.6	)		(17.6	)		—		(17.7	)		(17.7	)
Total noncurrent liabilities held    for sale	$	—	$	(20.1	)	$	(20.1	)	$	—	$	(21.8	)	$	(21.8	)