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Supplemental Balance Sheet Data
3 Months Ended
Mar. 31, 2017
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Data
Supplemental Balance Sheet Data
 
The following table presents inventories by major class:
 
 
 
March 31, 2017
 
December 31, 2016
Raw materials
 
$
32.1

 
$
31.6

Work in progress
 
30.7

 
26.8

Finished goods
 
59.3

 
63.0

Supplies and other
 
3.2

 
3.1

 
 
125.3

 
124.5

Adjust FIFO inventories to LIFO cost
 
(8.2
)
 
(8.2
)
Total
 
$
117.1

 
$
116.3


 
The FIFO values of inventories valued on the LIFO method were $111.5 million and $106.8 million as of March 31, 2017 and December 31, 2016, respectively. For the three months ended March 31, 2017, income from continuing operations before income taxes was increased 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 three months ended March 31, 2017:
 
 
 
Net unrealized foreign
currency translation
gain (loss)
 
Net gain (loss) from
pension and other
postretirement
liabilities
 
Unrealized gain (loss) on
“available-for-sale”
securities
 
Accumulated other
comprehensive income
(loss)
AOCI — December 31, 2016
 
$
(27.4
)
 
$
(64.5
)
 
$
(0.1
)
 
$
(92.0
)
Other comprehensive income before reclassifications
 
1.7

 

 
0.1

 
1.8

Amounts reclassified from AOCI
 

 
2.0

 

 
2.0

Income from other comprehensive income items
 
1.7

 
2.0

 
0.1

 
3.8

Provision for income taxes
 
0.1

 
0.7

 

 
0.8

Other comprehensive income
 
1.6

 
1.3

 
0.1

 
3.0

AOCI — March 31, 2017
 
$
(25.8
)
 
$
(63.2
)
 
$

 
$
(89.0
)

 
For the three months ended March 31, 2017 and 2016, the Company reclassified $2.0 million and $1.8 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 each of the three months ended March 31, 2017 and 2016, the Company recognized an income tax benefit of $0.7 million, related to such reclassifications classified as "Provision for income taxes" on the condensed consolidated statements of operations.