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New Accounting Standards (Tables)
 12 Months Ended
Dec. 31, 2018
New Accounting Standards [Abstract]  
Impacts of Adopting ASC 606 on the Company's Condensed Consolidated Financial Statements
The following table summarizes the impacts of adopting ASC 606 on the Company’s Consolidated Statement of Operations for the year ended December 31, 2018.

Consolidated Statement of Operations

 
 
 
   
As Reported
    
Adjustments
  
Balance Without
Adoption of
ASC 606
 
      
      
Revenues
 
$
2,689.8
  
$
(26.5
)
 
$
2,663.3
 
Cost of sales
  
1,677.3
   
(15.0
)
  
1,662.3
 
Provision (benefit) for income taxes
  
80.1
   
(3.1
)
  
77.0
 
Net Income (Loss)
  
269.4
   
(8.4
)
  
261.0
 

The following table summarizes the impacts of adopting ASC 606 on the Company’s Consolidated Balance Sheet as of December 31, 2018.

Consolidated Balance Sheet

      
As Reported
    
Adjustments
  
Balance Without
Adoption of
ASC 606
 
      
      
Assets
         
Inventories
 
$
523.9
  
$
15.0
  
$
538.9
 
Other current assets(1)
  
60.7
   
(16.9
)
  
43.8
 
             
Liabilities and Stockholders' Equity
            
Accrued liabilities
  
248.5
   
6.5
   
255.0
 
Accumulated deficit
  
(308.7
)
  
(8.4
)
  
(317.1
)


(1)
Adjustment represents “Contract asset.”  See Note 14 “Revenue from Contracts with Customers” for an explanation of the Contract assets account included in “Other current assets” in the Consolidated Balance Sheets.