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

12 Months Ended

Dec. 31, 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:

years ended December 31 (in millions)	2023			2022			2021
Total revenues	$	94.2		$	308.6		$	79.2
Pretax (loss) earnings from operations	$	(16.3	)	$	16.2		$	6.6
Pretax loss on divestitures and sales of assets		(24.0	)		(0.7	)		(6.0	)
Pretax (loss) earnings		(40.3	)		15.5			0.6
Income tax (benefit) expense		(9.4	)		5.0			0.1
(Loss) Earnings from discontinued operations, net of income tax    (benefit) expense	$	(30.9	)	$	10.5		$	0.5

Cash flow information for the Company's discontinued operations is as follows:

years ended December 31 (in millions)	2023			2022			2021
Net cash provided by (used for) operating activities	$	0.6		$	(31.6	)	$	(8.2	)
Additions to property, plant and equipment	$	(3.0	)	$	(15.5	)	$	(3.7	)
Proceeds from divestitures and sales of assets		372.0			249.9			—
Net cash provided by (used for) investing activities	$	369.0		$	234.4		$	(3.7	)

Assets and liabilities held for sale are as follows:

	2023
December 31 (in millions)	Continuing Operations
Inventories, net	$	60.6
Investment land		17.9
Other assets		3.7
Property, plant and equipment		327.2
Intangible assets, excluding goodwill		122.3
Operating lease right-of-use assets		15.4
Goodwill		260.0
Total current assets held for sale	$	807.1
Lease obligations	$	(16.3	)
Asset retirement obligations		(1.9	)
Total current liabilities held for sale	$	(18.2	)

	2022
December 31 (in millions)	Continuing Operations		Discontinued Operations			Total
Inventories, net	$	—	$	31.3		$	31.3
Investment land		40.6		—			40.6
Other assets		—		1.3			1.3
Total current assets held for sale	$	40.6	$	32.6		$	73.2
Property, plant and equipment	$	—	$	124.5		$	124.5
Intangible assets, excluding goodwill		—		208.5			208.5
Operating lease right-of-use assets		—		12.1			12.1
Goodwill		—		31.9			31.9
Valuation allowance for loss on sale		—		(4.5	)		(4.5	)
Total noncurrent assets held for sale	$	—	$	372.5		$	372.5
Lease obligations	$	—	$	(4.5	)	$	(4.5	)
Total current liabilities held for sale	$	—	$	(4.5	)	$	(4.5	)
Lease obligations	$	—	$	(4.1	)	$	(4.1	)
Asset retirement obligations		—		(17.7	)		(17.7	)
Total noncurrent liabilities held for sale	$	—	$	(21.8	)	$	(21.8	)