XML 24 R11.htm IDEA: XBRL DOCUMENT v3.19.1
Supplemental Balance Sheet Data
3 Months Ended
Mar. 31, 2019
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Data Supplemental Balance Sheet Data
 
The following table presents inventories by major class:
 
 
March 31, 2019
 
December 31, 2018
Raw materials
 
$
35.8

 
$
35.6

Work in progress
 
29.6

 
30.1

Finished goods
 
81.5

 
78.3

Supplies and other
 
3.4

 
3.0

 
 
150.3

 
147.0

Adjust FIFO inventories to LIFO cost
 
(15.0
)
 
(15.4
)
Total
 
$
135.3

 
$
131.6


 
The FIFO values of inventories valued on the LIFO method were $121.5 million and $109.1 million as of March 31, 2019 and December 31, 2018, respectively. For the three months ended March 31, 2019, 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 (loss) ("AOCI") for the three months ended March 31, 2019
 
 
Net Unrealized Foreign
Currency Translation
Gain (Loss)
 
Net Gain (Loss) from
Pension and Other
Postretirement
Liabilities
 
Accumulated Other
Comprehensive Income
(Loss)
AOCI — December 31, 2018
 
$
(15.5
)
 
$
(89.6
)
 
$
(105.1
)
Other comprehensive loss before reclassifications
 
(3.2
)
 

 
(3.2
)
Amounts reclassified from AOCI
 

 
1.7

 
1.7

Income (loss) from other comprehensive income items
 
(3.2
)
 
1.7

 
(1.5
)
Provision (benefit) for income taxes
 
(0.2
)
 
0.4

 
0.2

Other comprehensive income (loss)
 
(3.0
)
 
1.3

 
(1.7
)
AOCI — March 31, 2019
 
$
(18.5
)
 
$
(88.3
)
 
$
(106.8
)

 
For the three months ended March 31, 2019 and 2018, the Company reclassified $1.7 million and $1.6 million, respectively, of costs from AOCI to "Other expense - net" on the Condensed Consolidated Statements of Operations. For each of the three months ended March 31, 2019 and 2018, the Company recognized an income tax benefit of $0.4 million related to such reclassifications classified as "Provision for income taxes" on the Condensed Consolidated Statements of Operations.