Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Summary of Impacts of ASU on Condensed Consolidated Financial Statements

The impacts of this ASU on our condensed consolidated financial statements for the three and nine month periods ended September 30, 2017 and as of December 31, 2017 are included in the tables below.

				New			New
	As			Revenue			Pension
	Previously			Standard			Standard						As
(in millions)	Reported			Adjustment			Adjustment			Reclassifications			Restated
Statement of Earnings
Three Months Ended September 30, 2017
Net Sales	$	1,818.1		$	(5.0	)	$	-		$	-		$	1,813.1
Selling, general and administrative		694.5			(5.0	)		2.2			20.0			711.7
Goodwill and intangible asset impairment		-			-			-			32.7			32.7
Acquisition, integration and related		-			-			-			61.6			61.6
Quality remediation		-			-			-			51.1			51.1
Special items		165.4			-			-			(165.4	)		-
Operating expenses		1,604.7			(5.0	)		2.2			-			1,601.9
Operating Profit		213.4			-			(2.2	)		-			211.2
Other expense, net		(4.5	)		-			2.2			-			(2.3	)

				New			New
	As			Revenue			Pension
	Previously			Standard			Standard						As
(in millions)	Reported			Adjustment			Adjustment			Reclassifications			Restated
Statement of Earnings
Nine Months Ended September 30, 2017
Net Sales	$	5,749.8		$	(14.8	)	$	-		$	-		$	5,735.0
Research and development		272.4			-			-			2.5			274.9
Selling, general and administrative		2,203.3			(14.8	)		6.7			44.4			2,239.6
Goodwill and intangible asset impairment		-			-			-			59.5			59.5
Acquisition, integration and related		-			-			-			192.3			192.3
Quality remediation		-			-			-			135.4			135.4
Special items		434.1			-			-			(434.1	)		-
Operating expenses		4,903.7			(14.8	)		6.7			-			4,895.6
Operating Profit		846.1			-			(6.7	)		-			839.4
Other expense, net		(11.2	)		-			6.7			-			(4.5	)

			New
	As		Revenue
	Previously		Standard			As
(in millions)	Reported		Adjustment			Restated
Balance Sheet
December 31, 2017
Accounts receivable, less allowance for doubtful accounts	$	1,494.6	$	49.5		$	1,544.1
Inventories		2,081.8		(13.5	)		2,068.3
Prepaid expenses and other current assets		414.5		13.5			428.0
Other current liabilities		1,299.8		49.5			1,349.3