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Supplemental Balance Sheet Information (Tables)
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of accounts receivable
Accounts receivable consist of the following (in millions):
June 30, 2020December 31, 2019
Accounts receivable$141.6  $166.8  
Allowances and doubtful accounts:
Doubtful accounts(3.6) (2.7) 
Sales discounts(0.2) (0.3) 
Accounts receivable, net$137.8  $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):
June 30, 2020December 31, 2019
LIFONon-
LIFO
TotalLIFONon-
LIFO
Total
Raw materials$57.1  $3.0  $60.1  $46.3  $2.9  $49.2  
Work in process27.4  0.5  27.9  30.4  0.5  30.9  
Finished goods62.0  25.9  87.9  49.5  21.7  71.2  
Supplies and other—  5.8  5.8  —  4.5  4.5  
146.5  35.2  181.7  126.2  29.6  155.8  
Excess of FIFO or weighted-average cost over LIFO cost(7.6) —  (7.6) (9.9) —  (9.9) 
Total
$138.9  $35.2  $174.1  $116.3  $29.6  $145.9  
Schedule of property, plant and equipment
Property, plant and equipment consists of the following (in millions):
June 30, 2020December 31, 2019
Land$0.8  $1.0  
Buildings45.7  48.3  
Machinery and equipment217.0  215.0  
Construction in progress22.3  18.9  
285.8  283.2  
Less accumulated depreciation(106.5) (98.7) 
Total$179.3  $184.5  
Schedule of 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(0.7) 
Balance, June 30, 2020$800.2  
Schedule of intangible assets subject to amortization
Intangible assets subject to amortization consist of the following (in millions):
June 30, 2020December 31, 2019
Gross
Carrying
Amount
Accumulated
Amortization
Net Carrying AmountGross
Carrying
Amount
Accumulated
Amortization
Net Carrying Amount
Trademarks$90.9  $(59.0) $31.9  $90.9  $(56.7) $34.2  
Patents and acquired technologies281.1  (163.2) 117.9  281.1  (157.2) 123.9  
Other61.3  (36.5) 24.8  61.3  (35.1) 26.2  
Total$433.3  $(258.7) $174.6  $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$9.9  
202117.0  
202215.9  
202315.3  
202415.1  
Thereafter101.4  
Total$174.6  
Schedule of accrued expenses
Accrued expenses consist of the following (in millions):
June 30, 2020December 31, 2019
Accrued rebates$24.4  $51.1  
Accrued salaries and wages27.5  23.6  
Accrued taxes4.4  3.2  
Other28.5  36.9  
Total$84.8  $114.8  
Schedule of other long-term liabilities
Other long-term liabilities consist of the following (in millions):
June 30, 2020December 31, 2019
Taxes payable$0.4  $0.4  
Accrued compensation benefits5.3  5.4  
Other5.3  5.4  
Total$11.0  $11.2