Supplemental Balance Sheet Information

Accounts Receivable

Accounts receivable consist of the following (in millions):



	September 30, 2016			December 31, 2015
Accounts receivable	$	190.5		$	226.3
Allowances and doubtful accounts	(1.4		)	(1.6		)
Accounts receivable, net	$	189.1		$	224.7

Inventories

Inventories at the lower of cost (determined on the LIFO/FIFO or weighted-average cost methods) or market consist of the following (in millions):



	September 30, 2016								December 31, 2015
	LIFO			Non- LIFO		Total			LIFO			Non- LIFO		Total
Raw materials	$	50.7		$	0.9	$	51.6		$	49.7		$	1.1	$	50.8
Work in process	52.8			0.7		53.5			46.1			0.1		46.2
Finished goods	144.2			45.7		189.9			165.8			46.3		212.1
Supplies and other	0.1			12.9		13.0			0.1			11.6		11.7
	247.8			60.2		308.0			261.7			59.1		320.8
Excess of FIFO or weighted-average cost over LIFO cost	(9.3		)	—		(9.3		)	(17.6		)	—		(17.6		)
Total	$	238.5		$	60.2	$	298.7		$	244.1		$	59.1	$	303.2

Property, Plant and Equipment

Property, plant and equipment consists of the following (in millions):



	September 30, 2016			December 31, 2015
Land	$	2.2		$	2.1
Buildings	86.2			86.7
Machinery and equipment	504.2			492.8
Construction in progress	18.5			18.3
	611.1			599.9
Less accumulated depreciation	(346.1		)	(320.4		)
Total	$	265.0		$	279.5

Depreciation expense was $11 million and $32 million for the three and nine months ended September 30, 2016, respectively, compared to $10 million and $29 million for the three and nine months ended September 30, 2015, respectively.

Goodwill and Intangible Assets

The changes in the carrying amount of goodwill by business segment are as follows (in millions):



	S&IP							Medical Devices						Consolidated
	Goodwill		Accumulated Impairment			Goodwill, net		Goodwill		Accumulated Impairment		Goodwill, net		Goodwill, net
Balance at December 31, 2015	$	740.8	$	(474.0	)	$	266.8	$	678.4	$	—	$	678.4	$	945.2
Goodwill acquired	—		—			—		85.4		—		85.4		85.4
Currency translation adjustment	0.4		—			0.4		0.9		—		0.9		1.3
Balance at September 30, 2016	$	741.2	$	(474.0	)	$	267.2	$	764.7	$	—	$	764.7	$	1,031.9

In connection with the Acquisition, we acquired $6 million of indefinite-lived intangible assets related to in-process research and development projects that we expect to launch in 2017.

Intangible assets subject to amortization consist of the following (in millions):



	September 30, 2016							December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trademarks	$	126.5	$	(93.2	)	$	33.3	$	126.6	$	(90.3	)	$	36.3
Patents and acquired technologies	253.9		(128.4		)	125.5		149.1		(117.3		)	31.8
Other	55.6		(43.4		)	12.2		55.1		(40.6		)	14.5
Total	$	436.0	$	(265.0	)	$	171.0	$	330.8	$	(248.2	)	$	82.6

Amortization expense for intangible assets was $6 million and $16 million for the three and nine months ended September 30, 2016, respectively, compared to $6 million and $19 million for the three and nine months ended September 30, 2015, respectively. We estimate amortization expense for the remainder of 2016 and the following four years and beyond will be as follows (in millions):



For the years ending December 31,
2016	$	5.7
2017	21.4
2018	19.2
2019	15.4
2020	13.1
Thereafter	96.2
Total	$	171.0

Accrued Expenses

Accrued expenses consist of the following (in millions):



	September 30, 2016		December 31, 2015
Accrued rebates	$	51.5	$	73.9
Accrued salaries and wages	49.1		34.5
Accrued taxes - income and other	7.0		15.3
Other	36.6		28.3
Total	$	144.2	$	152.0

Other Long-Term Liabilities

Other long-term liabilities consist of the following (in millions):



	September 30, 2016		December 31, 2015
Taxes payable	$	3.0	$	1.3
Accrued compensation benefits	9.7		9.5
Other	17.3		17.0
Total	$	30.0	$	27.8