v3.25.2
Assets Held For Sale and Divestitures (Tables)
6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Reconciliation of Assets and Liabilities Held for Sale
The held-for-sale items are shown on our Consolidated Condensed Balance Sheets as follows:
June 30, 2025December 31, 2024
Trade receivables, net$29.0 $— 
Inventories64.5 2.5 
Prepaid expenses and other current assets1.3 — 
Total current assets held for sale94.8 2.5 
Net property, plant and equipment29.2 4.7 
Goodwill68.0 — 
Other intangibles, net39.3 — 
Sundry7.2 — 
Total non-current assets held for sale143.7 4.7 
Total assets held for sale$238.5 $7.2 
Current portion of operating lease liabilities$1.4 $— 
Accounts payable22.8 — 
Accrued expenses11.3 — 
Other current liabilities4.1 — 
Total current liabilities held for sale39.6 — 
Operating lease liabilities4.6 — 
Other long-term liabilities3.8 — 
Total long-term liabilities held for sale8.4 — 
Total liabilities and equity held for sale$48.0 $— 
Net assets held for sale$190.5 $7.2 
The above table includes:
June 30, 2025December 31, 2024
Aerospace Products Group$188.1 $— 
Property, plant and equipment primarily associated with the closing of other operations2.4 4.7 
Inventories associated with the U.S. machinery business 2.5 
$190.5 $7.2 
The Aerospace Products Group had external sales and pretax earnings as shown below:
Six Months Ended 
 June 30,
Three Months Ended 
 June 30,
2025202420252024
External sales$103.6 $93.1 $50.6 $47.5 
Pretax earnings (excluding corporate overhead)16.5 7.9 9.3 5.2