Supplemental Balance Sheet Information (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of accounts receivable

Accounts receivable consist of the following (in millions):

	March 31, 2020		December 31, 2019
Accounts receivable	$	162.8	$	166.8
Allowances and doubtful accounts:
Doubtful accounts	(2.9)		(2.7)
Sales discounts	(0.3)		(0.3)
Accounts receivable, net	$	159.6	$	163.8

Schedule of 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):

	March 31, 2020						December 31, 2019
	LIFO		Non- LIFO		Total		LIFO		Non- LIFO		Total
Raw materials	$	50.4	$	2.9	$	53.3	$	46.3	$	2.9	$	49.2
Work in process	28.8		0.4		29.2		30.4		0.5		30.9
Finished goods	53.4		20.1		73.5		49.5		21.7		71.2
Supplies and other	—		4.0		4.0		—		4.5		4.5
	132.6		27.4		160.0		126.2		29.6		155.8
Excess of FIFO or weighted-average cost over LIFO cost	(6.9)		—		(6.9)		(9.9)		—		(9.9)
Total	$	125.7	$	27.4	$	153.1	$	116.3	$	29.6	$	145.9

Schedule of property, plant and equipment

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

	March 31, 2020		December 31, 2019
Land	$	0.8	$	1.0
Buildings	45.4		48.3
Machinery and equipment	215.0		215.0
Construction in progress	19.6		18.9
	280.8		283.2
Less accumulated depreciation	(102.1)		(98.7)
Total	$	178.7	$	184.5

Changes in the carrying amount of goodwill by business segment

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

	Goodwill
Balance, December 31, 2019	$	800.9
Currency translation adjustment	(1.1)
Balance, March 31, 2020	$	799.8

Schedule of intangible assets subject to amortization

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

	March 31, 2020						December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademarks	$	90.9	$	(57.9)	$	33.0	$	90.9	$	(56.7)	$	34.2
Patents and acquired technologies	281.1		(160.2)		120.9		281.1		(157.2)		123.9
Other	61.3		(35.9)		25.4		61.3		(35.1)		26.2
Total	$	433.3	$	(254.0)	$	179.3	$	433.3	$	(249.0)	$	184.3

Schedule of estimated amortization expense

We estimate amortization expense for the remainder of 2020 and the following four years and beyond will be (in millions):

	Amount
Remainder of 2020	$	13.5
2021	17.0
2022	15.9
2023	15.3
2024	15.1
Thereafter	102.5
Total	$	179.3

Schedule of accrued expenses

Accrued expenses consist of the following (in millions):

	March 31, 2020		December 31, 2019
Accrued rebates	$	37.2	$	51.1
Accrued salaries and wages	22.8		23.6
Accrued taxes	3.3		3.2
Other	38.3		36.9
Total	$	101.6	$	114.8

Schedule of other long-term liabilities

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

	March 31, 2020		December 31, 2019
Taxes payable	$	0.4	$	0.4
Accrued compensation benefits	5.1		5.4
Other	5.3		5.4
Total	$	10.8	$	11.2