Unconsolidated Affiliate (Tables)

9 Months Ended

Sep. 30, 2018

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



(In millions)	September 30, 2018		December 31, 2017
Summary Balance Sheet information:
Current assets	$	308.0	$	239.8
Noncurrent assets	137.9		91.5
Total assets	$	445.9	$	331.3

Current liabilities	$	160.1	$	82.4
Noncurrent liabilities	0.3		0.3
Total liabilities	$	160.4	$	82.7



	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2018		2017		2018		2017
Summary Statement of Operations information:
Net sales	$	120.2	$	113.5	$	308.4	$	321.4
Costs and expenses applicable to net sales	105.0		100.1		259.7		273.7
Income before income taxes	12.5		10.4		40.7		37.2
Net income	11.8		9.6		39.5		35.8

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)	2018		2017		2018		2017
Product manufactured for ART	$	58.7	$	54.5	$	169.1	$	159.0
Mark-up on product manufactured for ART included as a reduction of Grace’s cost of goods sold	1.1		1.1		3.3		3.1
Charges for fixed costs; research and development; selling, general and administrative services; and depreciation to ART	10.5		10.4		31.6		31.2

The table below presents balances in Grace’s Consolidated Financial Statements related to ART.