Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v3.4.0.3
Discontinued Operations
 3 Months Ended
Apr. 02, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations
Discontinued Operations

The following table discloses the results of operations of the businesses reported as discontinued operations for the three months ended April 2, 2016 and April 4, 2015:
(in millions)
April 2,
2016
 
April 4,
2015
Net sales
$
—

 
$
25.2

 
 
 
 
Earnings from discontinued operations before income taxes
$
2.6

 
$
0.6

Income tax provision
1.0

 
0.2

Net earnings from discontinued operations, net of tax
$
1.6

 
$
0.4



There were no assets and liabilities held for sale as of April 2, 2016 or December 31, 2015. The following table reflects the summary of assets and liabilities held for sale for the businesses reported as discontinued operations as of April 4, 2015:
(in millions)
April 4,
2015
Accounts and notes receivable, net
$
13.6

Net inventory
16.8

Prepaid expenses and other
0.6

Current assets held for sale
31.0

 
 
Net property
8.6

Other long-term assets
3.3

Long-term assets held for sale
11.9

Assets held for sale
$
42.9

 
 
Accounts payable
$
5.7

Accrued expenses
9.8

Current liabilities held for sale
15.5

 
 
Other liabilities
7.3

Long-term liabilities held for sale
7.3

Liabilities held for sale
$
22.8