On April 1, 2024, the Company completed the previously announced sale of its Infrastructure business to Epiroc AB for $760 million. The Company received proceeds of $728.5 million at closing, net of customary adjustments and costs. As of March 30, 2024 and December 30, 2023, the assets and liabilities related to the Infrastructure business were classified as held for sale on the Company's Condensed Consolidated Balance Sheet. This divestiture does not qualify for discontinued operations and therefore, its results are included in the Company's Consolidated Statements of Operations and Comprehensive Loss for all periods presented.

In addition, the Company recognized pre-tax asset impairment charges of $25.5 million and $150.8 million in the first quarter of 2024 and fourth quarter of 2023, respectively, to adjust the carrying amount of the long-lived assets of the Infrastructure

The carrying amounts of the assets and liabilities that were aggregated in assets held for sale and liabilities held for sale as of March 30, 2024 and December 30, 2023 are presented in the following table:


(Millions of Dollars)	March 30, 2024		December 30, 2023
Cash and cash equivalents	$	3.3	$	0.6
Accounts and notes receivable, net	43.0		41.3
Inventories, net	87.7		96.5
Other current assets	2.3		2.4
Property, plant and equipment, net	71.4		70.4
Goodwill	363.3		389.7
Intangibles, net	214.2		214.3
Other assets	42.3		42.4
Total assets	$	827.5	$	857.6

Accounts payable and accrued expenses	$	45.0	$	44.1
Other long-term liabilities	83.4		84.8
Total liabilities	$	128.4	$	128.9