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Basis of Presentation and Responsibility for Interim Financial Statements (Tables)
 3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
The effect of the retrospective presentation change related to the net periodic cost of our defined benefit pension and other post-retirement plans on our Condensed Consolidated Statements of Operations and Comprehensive Income was as follows:
 
Three months ended
March 31, 2017
In millions
Previously Reported
As Revised
Effect of Change
Selling, general and administrative expenses
$
253.9

$
251.7

$
(2.2
)
Operating income
138.4

140.6

2.2

Other expense
—

2.2

2.2

As required by ASC 606, the impact of adoption of the new revenue standard on our Condensed Consolidated Statements of Operations and Comprehensive Income and Condensed Consolidated Balance Sheets was as follows:
Condensed Consolidated Statements of Operations and Comprehensive Income
 
Three months ended March 31, 2018
In millions
As Reported
Balances without adoption of ASC 606
Effect of Change
Net sales
$
1,269.7

$
1,261.1

$
8.6

Cost of goods sold
807.7

801.3

6.4

Provision for income taxes
27.6

27.2

0.4

Net income from continuing operations
104.2

102.4

1.8

Condensed Consolidated Balance Sheets
 
 
 
March 31, 2018
In millions
As Reported
Balances without adoption of ASC 606
Effect of Change
Assets
 
 
 
Accounts and notes receivable, net
$
985.2

$
977.3

$
7.9

Inventories
593.5

602.6

(9.1
)
Other current assets
232.8

222.8

10.0

Liabilities
 
 
 
Other current liabilities
480.6

473.8

6.8

Deferred tax liabilities
369.1

368.6

0.5

Equity
 
 
 
Retained Earnings
2,308.0

2,306.4

1.6

The cumulative effect of the changes made to our January 1, 2018 Condensed Consolidated Balance Sheet from the modified retrospective adoption of ASU 2016-16 and ASU 2014-09 was as follows:
Condensed Consolidated Balance Sheets
 
 
 
In millions
Balance at December 31, 2017
Adjustments due to ASU 2016-16
Adjustments due to ASU 2014-09
Balance at January 1, 2018
Assets
 
 
 
 
Accounts and notes receivable, net
$
831.6

$
—

$
6.5

$
838.1

Inventories
581.0

—

(3.4
)
577.6

Other current assets
222.9

—

3.4

226.3

Other non-current assets
429.9

(246.5
)
—

183.4

Liabilities
 
 
 
 
Other current liabilities
517.1

—

6.5

523.6

Deferred tax liabilities
394.8

(30.7
)
0.5

364.6

Equity
 
 
 
 
Retained Earnings
2,481.7

(215.8
)
1.8

2,267.7