DISPOSITIONS AND SPECIAL GAINS AND CHARGES (Tables)

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Reconciliation of Pretax Loss of Discontinued Operations to Loss of Discontinued Operations

Below is a summary of the impact on net sales, net income (loss) and net income (loss) per share from discontinued operations for the years ended December 31, 2019, 2018 and 2017.

Results of discontinued operations are as follows:

	Year Ended December 31,
	2019			2018			2017
Net sales	$	0.0		$	352.0		$	590.6
Cost of sales	0.0			295.8			498.3
Gross profit	0.0			56.2			92.3
Selling, distribution and administrative expenses	2.1			36.5			74.7
Pre-tax book gain on sale of France business	0.0			(178.9		)	0.0
Special charges, net	0.0			0.6			30.6
Operating (loss) income from discontinued operations	(2.1		)	198.0			(13.0		)
Foreign currency exchange (income) loss	0.0			(0.2		)	0.8
Interest and other expense (income), net	0.0			0.0			0.3
Income (loss) of discontinued operations before income taxes	(2.1		)	198.2			(14.1		)
(Benefit) provision for income tax	(0.6		)	23.0			11.0
Net income (loss) from discontinued operations	$	(1.5	)	$	175.2		$	(25.1	)
Net income (loss) per share - basic	$	(0.04	)	$	4.69		$	(0.68	)
Net income (loss) per share - diluted	$	(0.04	)	$	4.62		$	(0.67	)

Special Charge Liabilities

The following table details liabilities related to the exit costs of the sold businesses that remain for 2019 (in millions): 

	Accrued exit costs
Balance January 1, 2019	$	2.8
Charged to expense	0.7
Paid or otherwise settled	(0.7		)
Balance December 31, 2019	$	2.8

On January 1, 2019, the Company reclassified approximately $4.3 million of the opening balance of the exit cost liability related to lease obligations to operating lease right-of-use assets.

The following table details liabilities related to the exit costs of the sold businesses for 2018 (in millions):

	Accrued exit costs
Balance, January 1, 2018	$	20.2
Charged to expense	2.5
Paid or otherwise settled	(15.6		)
Balance, December 31, 2018	$	7.1