| Schedule of Discontinued Operations |
The table below summarizes the assets and liabilities classified as held for sale in the consolidated balance sheet: | | | | | | | | | | (in millions) | | September 30, 2026 | Trade receivables, net of allowance of $3.2 million | | $ | 77.6 | | | Inventories | | 231.5 | | | Prepaid and other current assets | | 88.4 | | | Property, plant and equipment, net | | 5.9 | | | Goodwill | | 163.1 | | | Other assets | | 4.8 | | | Impairment on assets held for sale | | (251.9) | | | Assets held for sale | | $ | 319.4 | | | | | | Accounts payable, trade and other | | $ | 4.4 | | | Accrued and other liabilities | | 10.2 | | | Accrued customer rebates | | 22.2 | | | Liabilities held for sale | | $ | 36.8 | | | Net assets held for sale | | $ | 282.6 | | | Accumulated foreign currency translation losses (gains) | | (22.6) | | | Carrying value of India held for sale business | | $ | 260.0 | |
Our discontinued operations comprised the following: | | | | | | | | | | | | | | | | | | | | | | | | | (in Millions) | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | Adjustment for workers’ compensation, product liability, other postretirement benefits and other, net of income tax benefit (expense) of $1.7 and $(0.4) for the three and nine months ended September 30, 2026 respectively, and $(8.9) and $(9.2) for the three and nine months ended September 30, 2025, respectively | $ | 1.8 | | | $ | (8.7) | | | $ | (1.0) | | | $ | (7.2) | | Provision for environmental liabilities and expenses, net of recoveries, net of income tax benefit (expense) of $(1.0) and $0.1 for the three and nine months ended September 30, 2026 respectively, and $0.7 and $2.1 for the three and nine months ended September 30, 2025, respectively | (25.0) | | | (2.9) | | | (29.4) | | | (8.1) | | Provision for legal reserves and expenses, net of recoveries, net of income tax benefit (expense) of $(1.7) and zero for the three and nine months ended September 30, 2026 respectively, and $2.3 and $(3.0) for the three and nine months ended September 30, 2025, respectively (1) | (13.6) | | | (8.8) | | | (19.8) | | | 11.3 | | | Discontinued operations, net of income taxes | $ | (36.8) | | | $ | (20.4) | | | $ | (50.2) | | | $ | (4.0) | |
____________________ (1)We recorded a $34.5 million reduction in our required legal reserve in discontinued operations during the second quarter of 2025 as a result of a decrease in outstanding cases.
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