v3.25.4
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
The following represents financial results from Engineered Materials included in discontinued operations:
For the year ended December 31,
(in millions)202520242023
Net sales$— $200.0 $224.3 
Cost of sales— 152.7 170.5 
Engineering, selling and administrative— 20.6 20.4 
Operating profit$— $26.7 $33.4 
Gain on sale of business43.5 — — 
Miscellaneous (expense) income, net— (0.8)0.5 
Income from discontinued operations$43.5 $25.9 $33.9 
Provision for (benefit from) income taxes8.6 (0.6)6.0 
Income from discontinued operations, net of tax$34.9 $26.5 $27.9 
The major categories of assets and liabilities included in assets of discontinued operations and liabilities of discontinued operations are as follows:
(in millions)December 31, 2024
Assets:
Cash and Cash Equivalents$1.5 
Accounts receivable, net9.2 
Inventories, net8.1 
Other current assets1.4 
Property, plant and equipment, net25.3 
Other assets0.4 
Intangible assets, net0.7 
Goodwill171.3 
Current assets held for sale (a)
$217.9 
Liabilities:
Accounts payable16.8 
Accrued liabilities7.9 
Long-term deferred tax liability19.2 
Other liabilities0.2 
Current liabilities held for sale (a)
$44.1 
For the year ended December 31,
(in millions)202520242023
Net sales$— $— $329.1 
Cost of sales— — 174.4 
Engineering, selling and administrative— — 80.0 
Operating profit— — 74.7 
Other expense, net— — (11.2)
Income from discontinued operations— — 63.5 
Income tax provision— — 11.4 
Income from discontinued operations, net of tax$— $— $52.1