Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2019

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



(In millions)	September 30, 2019		December 31, 2018
Summary Balance Sheet information:
Current assets	$	273.9	$	307.4
Noncurrent assets	220.7		160.2
Total assets	$	494.6	$	467.6

Current liabilities	$	160.3	$	158.3
Noncurrent liabilities	0.3		0.3
Total liabilities	$	160.6	$	158.6



	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	2019		2018		2019		2018
Summary Statement of Operations information:
Net sales	$	125.7	$	120.2	$	357.2	$	308.4
Costs and expenses applicable to net sales	113.3		105.0		312.8		259.7
Income before income taxes	8.1		12.5		30.6		40.7
Net income	7.6		11.8		28.8		39.5

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)	2019		2018		2019		2018
Product manufactured for ART	$	64.1	$	58.7	$	190.2	$	169.1
Mark-up on product manufactured for ART included as a reduction of Grace’s cost of goods sold	1.2		1.1		3.7		3.3
Charges for fixed costs; research and development; selling, general and administrative services; and depreciation to ART	12.4		10.5		38.0		31.6

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