Accounting Changes and Recent Accounting Pronouncements (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Changes and Error Corrections [Abstract]

Schedule of new accounting pronouncements

The impact of our adoption of ASU 2014-09 to our consolidated statement of operations for the year ended December 31, 2018 is as follows:

	Before adoption of ASU 2014-09		Impact of ASU 2014-09 Increase (decrease)			As reported
	in millions
Revenue	$	3,697.3	$	8.4		$	3,705.7
Operating costs and expenses – selling, general and administrative	$	768.9	$	(0.7	)	$	768.2
Non-operating expense – interest expense	$	424.6	$	19.1		$	443.7
Income tax expense	$	52.6	$	(1.5	)	$	51.1
Net loss	$	627.3	$	8.5		$	635.8

For information regarding changes to our accounting policies following the adoption of ASU 2016-02, see note 3.

The cumulative effect of the changes made to our consolidated balance sheet as of January 1, 2019 is as follows:

	Balance at December 31, 2018		Cumulative catch up adjustments upon adoption		Balance at January 1, 2019
	in millions
Assets:
Other assets, net	$	703.4	$	141.6	$	845.0
Liabilities:
Other accrued and current liabilities	$	567.4	$	33.9	$	601.3
Other long-term liabilities	$	552.9	$	107.7	$	660.6

The cumulative effect of the changes made to our consolidated balance sheet as of January 1, 2018 is as follows:

	Balance at December 31, 2017			Cumulative catch up adjustments upon adoption			Balance at January 1, 2018
	in millions
Assets:
Other current assets	$	222.9		$	15.8		$	238.7
Other assets, net	$	517.7		$	15.6		$	533.3
Liabilities:
Deferred revenue	$	143.4		$	13.3		$	156.7
Other long-term liabilities	$	697.8		$	25.6		$	723.4
Equity:
Accumulated deficit	$	(1,010.7	)	$	(11.1	)	$	(1,021.8	)
Noncontrolling interests	$	1,361.0		$	3.6		$	1,364.6