Subsequent Event - Chapter 11 Emergence (Tables)

12 Months Ended

Dec. 31, 2013

Subsequent Event [Line Items]

Chapter 11 Emergence, Pro Forma Balance Sheet [Table Text Block]

W. R. Grace and Co. and Subsidiaries

Pro forma Consolidated Balance Sheet (unaudited)

			Pro forma Adjustments
(In millions, except par value and shares)	December 31, 2013 Reported		Borrowings Under New Credit Agreements		Consideration to the Asbestos Trusts			Payment of Remaining Pre-Petition Liabilities and Adjustment for Additional Expenses			Reclassifications at Emergence			December 31, 2013 Pro forma
ASSETS
Current Assets
Cash and cash equivalents	$	964.8	$	873.0	$	(269.6	)	$	(1,370.6	)	$	153.2		$	350.8
Restricted cash and cash equivalents	395.4		—		(242.2		)	—			(153.2		)	—
Trade accounts receivable, less allowance of $6.0	469.5		—		—			—			—			469.5
Accounts receivable—unconsolidated affiliate	12.3		—		—			—			—			12.3
Inventories	295.3		—		—			—			—			295.3
Deferred income taxes	58.1		—		—			—			—			58.1
Other current assets	99.0		—		—			—			—			99.0
Total Current Assets	2,294.4		873.0		(511.8		)	(1,370.6		)	—			1,285.0
Properties and equipment, net of accumulated depreciation and amortization of $1,876.8	829.9		—		—			—			—			829.9
Goodwill	457.5		—		—			—			—			457.5
Technology and other intangible assets, net	315.5		—		—			—			—			315.5
Deferred income taxes:
Net operating loss carryforward	—		—		111.0			141.2			—			252.2
Temporary differences	845.9		—		(111.0		)	(134.1		)	—			600.8
Asbestos-related insurance	500.0		—		(500.0		)	—			—			—
Overfunded defined benefit pension plans	16.7		—		—			—			—			16.7
Investment in unconsolidated affiliate	96.2		—		—			—			—			96.2
Other assets	40.0		27.0		—			—			—			67.0
Total Assets	$	5,396.1	$	900.0	$	(1,011.8	)	$	(1,363.5	)	$	—		$	3,920.8
LIABILITIES AND EQUITY
Liabilities Not Subject to Compromise
Current Liabilities
Debt payable within one year	$	76.6	$	9.0	$	—		$	—		$	—		$	85.6
Debt payable—unconsolidated affiliate	4.5		—		—			—			—			4.5
Accounts payable	249.5		—		—			—			—			249.5
Accounts payable—unconsolidated affiliate	13.0		—		—			—			—			13.0
PI warrant liability	—		—		490.0			—			—			490.0
Other current liabilities	292.0		—		—			7.2			38.8			338.0
Total Current Liabilities	635.6		9.0		490.0			7.2			38.8			1,180.6
Debt payable after one year	5.3		891.0		—			—			—			896.3
Debt payable—unconsolidated affiliate	24.3		—		—			—			—			24.3
Deferred payment obligations	—		—		594.5			—			—			594.5
Deferred income taxes	18.2		—		—			—			—			18.2
Income tax contingencies	—		—		—			—			76.6			76.6
Underfunded defined benefit pension plans	66.2		—		—			—			—			66.2
Unfunded pay-as-you-go defined benefit pension plans	233.4		—		—			—			95.9			329.3
Other liabilities	65.8		—		—			—			105.2			171.0
Total Liabilities Not Subject to Compromise	1,048.8		900.0		1,084.5			7.2			316.5			3,357.0
Liabilities Subject to Compromise
Debt plus accrued interest	1,137.8		—		—			(1,135.7		)	(2.1		)	—
Income tax contingencies	76.6		—		—			—			(76.6		)	—
Asbestos-related contingencies	2,092.4		—		(2,084.1		)	—			(8.3		)	—
Environmental contingencies	134.5		—		—			(77.5		)	(57.0		)	—
Postretirement benefits	176.3		—		—			(27.7		)	(148.6		)	—
Other liabilities and accrued interest	158.5		—		(12.2		)	(122.4		)	(23.9		)	—
Total Liabilities Subject to Compromise	3,776.1		—		(2,096.3		)	(1,363.3		)	(316.5		)	—
Total Liabilities	4,824.9		900.0		(1,011.8		)	(1,356.1		)	—			3,357.0
Equity
Common stock issued, par value $0.01; 300,000,000 shares authorized; outstanding: 77,046,143 (2012—75,565,409)	0.8		—		—			—			—			0.8
Paid-in capital	533.4		—		—			—			—			533.4
Retained earnings	15.8		—		—			(7.4		)	—			8.4
Treasury stock, at cost: shares: 0 (2012—1,414,351)	—		—		—			—			—			—
Accumulated other comprehensive loss	10.6		—		—			—			—			10.6
Total W. R. Grace & Co. Shareholders' Equity	560.6		—		—			(7.4		)	—			553.2
Noncontrolling interests	10.6		—		—			—			—			10.6
Total Equity	571.2		—		—			(7.4		)	—			563.8
Total Liabilities and Equity	$	5,396.1	$	900.0	$	(1,011.8	)	$	(1,363.5	)	$	—		$	3,920.8