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Accounting Policies and Basis of Presentation (Tables)
9 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Summary of the Adjustments on the Impacted Financial Statements

A summary of the adjustments on the impacted financial statement line items in the Condensed Consolidated Statements of Operations as revised and as previously presented in the September 30, 2016 Form 10-Q is as follows ($ in millions):

 

 

 

Three Months Ended September 30, 2016

 

 

Nine Months Ended September 30, 2016

 

 

 

As

previously

presented

 

 

Impact of

change to

FIFO

 

 

As revised

 

 

As

previously

presented

 

 

Impact of

change to

FIFO

 

 

As revised

 

Cost of sales

 

$

308.3

 

 

$

0.7

 

 

$

309.0

 

 

$

1,023.3

 

 

$

3.8

 

 

$

1,027.1

 

Operating loss

 

 

(133.5

)

 

 

(0.7

)

 

 

(134.2

)

 

 

(125.7

)

 

 

(3.8

)

 

 

(129.5

)

Loss from continuing operations before taxes

   on income

 

 

(143.5

)

 

 

(0.7

)

 

 

(144.2

)

 

 

(229.7

)

 

 

(3.8

)

 

 

(233.5

)

Provision (benefit) for taxes on income

 

 

(5.3

)

 

 

 

 

 

(5.3

)

 

 

116.9

 

 

 

(13.8

)

 

 

103.1

 

Income (loss) from continuing operations

 

 

(138.2

)

 

 

(0.7

)

 

 

(138.9

)

 

 

(346.6

)

 

 

10.0

 

 

 

(336.6

)

Discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from discontinued operations, net of income

   taxes

 

 

(1.8

)

 

 

 

 

 

(1.8

)

 

 

(5.8

)

 

 

 

 

 

(5.8

)

Net income (loss)

 

$

(140.0

)

 

$

(0.7

)

 

$

(140.7

)

 

$

(352.4

)

 

$

10.0

 

 

$

(342.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) per common share - basic and diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(1.00

)

 

$

(0.01

)

 

$

(1.01

)

 

$

(2.52

)

 

$

0.07

 

 

$

(2.45

)

Loss from discontinued operations

 

 

(0.01

)

 

 

 

 

 

(0.01

)

 

 

(0.04

)

 

 

 

 

 

(0.04

)

Income (loss) per common share

 

$

(1.01

)

 

$

(0.01

)

 

$

(1.02

)

 

$

(2.56

)

 

$

0.07

 

 

$

(2.49

)