Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2019

Equity Method Investments and Joint Ventures [Abstract]

Summary of financial information of equity method investee

The table below presents summary financial data related to ART’s balance sheet and results of operations.

(In millions)	March 31, 2019		December 31, 2018
Summary Balance Sheet information:
Current assets	$	307.8	$	307.4
Noncurrent assets	177.0		160.2
Total assets	$	484.8	$	467.6
Current liabilities	$	168.5	$	158.3
Noncurrent liabilities	0.3		0.3
Total liabilities	$	168.8	$	158.6

	Three Months Ended March 31,
(In millions)	2019		2018
Summary Statement of Operations information:
Net sales	$	111.5	$	85.2
Costs and expenses applicable to net sales	97.3		70.7
Income before income taxes	9.7		11.3
Net income	9.2		11.5

Schedule of financial data related to transactions between Grace and ART

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

	Three Months Ended March 31,
(In millions)	2019		2018
Product manufactured for ART	$	66.8	$	51.9
Mark-up on product manufactured for ART included as a reduction of Grace’s cost of goods sold	1.3		1.0
Charges for fixed costs; research and development; selling, general and administrative services; and depreciation to ART	12.8		10.7

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

(in millions)	March 31, 2019		December 31, 2018
Accounts receivable	$	12.9	$	16.2
Current asset	114.5		—
Noncurrent asset	—		98.8
Accounts payable	27.7		32.0
Debt payable within one year	9.8		9.8
Debt payable after one year	37.9		38.3
Current liability	114.5		—
Noncurrent liability	—		98.8