Related Party Transactions Related Party Transactions (Tables)

12 Months Ended

Dec. 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.

	December 31,
(In millions)	2019		2018
Summary Balance Sheet information:
Current assets	$	300.7	$	307.4
Noncurrent assets	237.8		160.2
Total assets	$	538.5	$	467.6
Current liabilities	$	177.1	$	158.3
Noncurrent liabilities	0.3		0.3
Total liabilities	$	177.4	$	158.6

	Year Ended December 31,
(In millions)	2019		2018		2017
Summary Statement of Operations information:
Net sales	$	527.5	$	487.5	$	447.3
Costs and expenses applicable to net sales	453.4		410.6		379.8
Income before income taxes	59.0		65.5		53.6
Net income	56.5		64.2		52.1

Summary of related party transactions - unconsolidated affiliate

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

	Year Ended December 31,
(In millions)	2019		2018		2017
Product manufactured for ART	$	260.8	$	229.1	$	213.8
Mark-up on product manufactured for ART included as a reduction of Grace’s cost of goods sold	5.1		4.5		4.2
Charges for fixed costs; research and development; selling, general and administrative services; and depreciation to ART	51.1		41.8		41.7

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

	December 31,
(in millions)	2019		2018
Accounts receivable	$	17.5	$	16.2
Current asset	173.9		—
Noncurrent asset	—		98.8
Accounts payable	37.7		32.0
Debt payable within one year	9.9		9.8
Debt payable after one year	37.5		38.3
Current liability	173.9		—
Noncurrent liability	—		98.8