Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Summary of Impacts of ASU on Consolidated Financial Statements

The impacts of this ASU on our consolidated financial statements for the years ended December 31, 2017 and 2016 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
Year Ended December 31, 2017
Net Sales	$	7,824.1		$	(20.8	)	$	-		$	-		$	7,803.3
Research and development		367.4			-			-			2.5			369.9
Selling, general and administrative		2,973.9			(20.8	)		8.9			142.7			3,104.7
Goodwill and intangible asset impairment		304.7			-			-			26.8			331.5
Acquisition, integration and related		-			-			-			279.8			279.8
Quality remediation		-			-			-			181.3			181.3
Special items		633.1			-			-			(633.1	)		-
Operating expenses		7,015.9			(20.8	)		8.9			-			7,004.0
Operating Profit		808.2			-			(8.9	)		-			799.3
Other expense, net		(18.3	)		-			8.9			-			(9.4	)

				New			New
	As			Revenue			Pension
	Previously			Standard			Standard						As
(in millions)	Reported			Adjustment			Adjustment			Reclassifications			Restated
Statement of Earnings
Year Ended December 31, 2016
Net Sales	$	7,683.9		$	(15.5	)	$	-		$	-		$	7,668.4
Selling, general and administrative		2,932.9			(15.5	)		4.8			22.4			2,944.6
Goodwill and intangible asset impairment		-			-			-			31.1			31.1
Acquisition, integration and related		-			-			-			504.9			504.9
Quality remediation		-			-			-			53.4			53.4
Special items		611.8			-			-			(611.8	)		-
Operating expenses		6,858.0			(15.5	)		4.8			-			6,847.3
Operating Profit		825.9			-			(4.8	)		-			821.1
Other expense, net		(71.3	)		-			4.8			-			(66.5	)

			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