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Supplemental Balance Sheet Data
9 Months Ended
Sep. 30, 2016
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Data
Supplemental Balance Sheet Data
 
The following table presents inventories by major class:
 
 
 
September 30, 2016
 
December 31, 2015
Raw materials
 
$
31.4

 
$
30.4

Work in progress
 
31.1

 
28.9

Finished goods
 
60.8

 
67.2

Supplies and other
 
2.8

 
4.1

 
 
126.1

 
130.6

Adjust FIFO inventories to LIFO cost
 
(8.3
)
 
(10.0
)
Total
 
$
117.8

 
$
120.6


 
The FIFO values of inventories valued on the LIFO method were $114.5 million and $118.2 million as of September 30, 2016 and December 31, 2015, respectively. For the three and nine months ended September 30, 2016, income from continuing operations before income taxes was reduced by less than $0.1 million due to a decrease in certain LIFO inventory quantities.
 
The following table presents changes in accumulated other comprehensive income (“AOCI”) for the nine months ended September 30, 2016:
 
 
 
Unrealized foreign
currency translation
gain (loss)
 
Net gain (loss) from
pension and other
postretirement
liabilities
 
Unrealized gain on
“available-for-sale”
securities
 
Accumulated other
comprehensive income
(loss)
AOCI — December 31, 2015
 
$
(20.8
)
 
$
(57.5
)
 
$

 
$
(78.3
)
Other comprehensive income before reclassifications
 
0.9

 

 
0.1

 
1.0

Amounts reclassified from AOCI
 

 
5.5

 

 
5.5

Income from other comprehensive income items
 
0.9

 
5.5

 
0.1

 
6.5

Provision for income taxes
 

 
2.1

 

 
2.1

Other comprehensive income
 
0.9

 
3.4

 
0.1

 
4.4

AOCI — September 30, 2016
 
$
(19.9
)
 
$
(54.1
)
 
$
0.1

 
$
(73.9
)

 
For the nine months ended September 30, 2016 and 2015, the Company reclassified $5.5 million and $5.4 million, respectively, of costs from accumulated other comprehensive income to cost of products sold and selling, general and administrative expenses on the condensed consolidated statements of operations. For the nine months ended September 30, 2016 and 2015, the Company recognized an income tax benefit of $2.1 million and $2.0 million, respectively, related to such reclassifications classified as "Provision for income taxes" on the condensed consolidated statements of operations.