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Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions

The following summarizes the balances and transactions between the Company and Armand Products Company (“Armand”) and the ArmaKleen Company (“ArmaKleen”). The Company held a 50% ownership interest as of September 30, 2024 in each:

 

 

Armand

 

 

ArmaKleen(2)

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Purchases by the Company

$

10.6

 

 

$

11.7

 

 

$

0.0

 

 

$

0.0

 

Sales by the Company

$

0.0

 

 

$

0.0

 

 

$

1.0

 

 

$

1.1

 

Outstanding Accounts Receivable

$

0.5

 

 

$

0.6

 

 

$

0.7

 

 

$

0.7

 

Outstanding Accounts Payable

$

0.9

 

 

$

1.3

 

 

$

0.0

 

 

$

0.0

 

Administration & Management Oversight Services (1)

$

1.7

 

 

$

1.7

 

 

$

1.6

 

 

$

1.6

 

 

(1)
Billed by the Company and recorded as a reduction of SG&A expenses.
(2)
In October 2024, the Company sold its 50% interest in Armakleen to an unrelated third party. The transaction is not material to the Company's results of operations or cash flows.