Unconsolidated Affiliate (Tables)

9 Months Ended

Sep. 30, 2017

The following summary presents ART's assets, liabilities and results of operations.



(In millions)	September 30, 2017		December 31, 2016
Summary Balance Sheet information:
Current assets	$	268.5	$	249.2
Noncurrent assets	85.5		84.8
Total assets	$	354.0	$	334.0

Current liabilities	$	121.7	$	102.0
Noncurrent liabilities	—		0.3
Total liabilities	$	121.7	$	102.3



	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2017		2016		2017		2016
Net sales	$	113.5	$	110.1	$	321.4	$	255.8
Costs and expenses applicable to net sales	100.1		89.8		273.7		213.2
Income before income taxes	10.4		18.2		37.2		37.4
Net income	9.6		17.0		35.8		35.9

The table below presents summary financial data related to transactions between Grace and ART.



	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2017		2016		2017		2016
Grace sales of catalysts to ART	$	54.5	$	56.1	$	159.0	$	156.4
Mark-up on Grace's sales to ART included as a reduction of Grace's cost of goods sold	1.1		1.1		3.1		3.1
Charges for fixed costs, research and development, selling, general and administrative services, and depreciation to ART	10.4		6.2		31.2		18.5

The table below lists Grace balances related to ART.