Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2020

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



(In millions)	March 31, 2020		December 31, 2019
Summary Balance Sheet information:
Current assets	$	281.8	$	300.7
Noncurrent assets	249.5		237.8
Total assets	$	531.3	$	538.5

Current liabilities	$	168.5	$	177.1
Noncurrent liabilities	0.3		0.3
Total liabilities	$	168.8	$	177.4



	Three Months Ended March 31,
(In millions)	2020		2019
Summary Statement of Operations information:
Net sales	$	75.3	$	111.5
Costs and expenses applicable to net sales	68.0		97.3
Income before income taxes	2.9		9.7
Net income	2.5		9.2

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



	Three Months Ended March 31,
(In millions)	2020		2019
Product manufactured for ART	$	71.1	$	66.8
Mark-up on product manufactured for ART included as a reduction of Grace’s cost of goods sold	1.4		1.3
Charges for fixed costs; research and development; selling, general and administrative services; and depreciation to ART	14.1		12.8

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