XML 21 R11.htm IDEA: XBRL DOCUMENT v3.19.3
Supplemental Balance Sheet Data
 9 Months Ended
Sep. 30, 2019
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Data Supplemental Balance Sheet Data
 
The following table presents inventories by major class:
 
 
September 30, 2019
 
December 31, 2018
Raw materials
 
$
32.0

 
$
35.6

Work in progress
 
25.1

 
30.1

Finished goods
 
67.2

 
78.3

Supplies and other
 
5.1

 
3.0

 
 
129.4

 
147.0

Adjust FIFO inventories to LIFO cost
 
(10.7
)
 
(15.4
)
Total
 
$
118.7

 
$
131.6


 
The FIFO values of inventories valued on the LIFO method were $103.3 million and $109.1 million as of September 30, 2019 and December 31, 2018, respectively. For the three and nine months ended September 30, 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 nine months ended September 30, 2019: 
 
 
Net Unrealized Foreign
Currency Translation
Loss
 
Net Loss from
Pension and Other
Postretirement
Liabilities
 
Accumulated Other
Comprehensive Loss
AOCI — December 31, 2018
 
$
(15.5
)
 
$
(89.6
)
 
$
(105.1
)
Other comprehensive income (loss) before reclassifications (a)
 
(8.6
)
 
5.0

 
(3.6
)
Amounts reclassified from AOCI
 
—

 
4.4

 
4.4

Income (loss) from other comprehensive income items
 
(8.6
)
 
9.4

 
0.8

Provision (benefit) for income taxes
 
(0.2
)
 
2.3

 
2.1

Other comprehensive income (loss)
 
(8.4
)
 
7.1

 
(1.3
)
AOCI — September 30, 2019
 
$
(23.9
)
 
$
(82.5
)
 
$
(106.4
)


(a)
For the nine months ended September 30, 2019, the Company recorded a $4.9 million decrease in the employee benefit obligations related to a pension remeasurement in conjunction with the redistribution of active and inactive participants between separate pension plans and a $0.1 million settlement loss related to the SERP.

For the nine months ended September 30, 2019 and 2018, the Company reclassified $4.4 million and $4.5 million, respectively, of costs from AOCI to "Other expense - net" on the Condensed Consolidated Statements of Operations. For each of the nine months ended September 30, 2019 and 2018, the Company recognized an income tax benefit of $1.1 million related to such reclassifications classified as "Provision for income taxes" on the Condensed Consolidated Statements of Operations.