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PROPERTY, PLANT AND EQUIPMENT (Tables)
12 Months Ended
Dec. 31, 2019
Leases [Abstract]  
Schedule of Property, Plant and Equipment
As of December 31, 2019 and 2018, the Company's property, plant and equipment balances consisted of the following:
December 31,
20192018
Land and improvements$11.0  $11.2  
Building and improvements113.0  103.2  
Machinery and equipment296.0  286.7  
Office furniture, fixtures and capitalized software241.5  220.0  
Counters and trade fixtures52.9  56.0  
Leasehold improvements50.1  51.5  
Construction-in-progress14.0  51.1  
Right-of-Use assets (a)
118.2  —  
Property, plant and equipment, gross896.7  779.7  
Accumulated depreciation and amortization(488.1) (425.2) 
Property, plant and equipment, net$408.6  $354.5  
(a) Following implementation of ASC 842 under the modified retrospective approach as of January 1, 2019, this caption includes the Company's ROU assets for operating and finance leases. Finance leases of approximately $5.5 million were included in machinery and equipment as of December 31, 2018. See discussion below for further information.
Schedule of Lease cost
The following table includes disclosure related to the new ASC 842 lease standard, after application of the aforementioned practical expedients and short-term lease considerations:
Year Ended
December 31, 2019
Lease Cost:
Finance Lease Cost:
    Amortization of ROU assets$0.3  
    Interest on lease liabilities0.2  
Operating Lease Cost41.7  
Total Lease Cost$42.2  
Other Information:
Cash paid for amounts included in the measurement of lease liabilities:
    Operating cash flows from finance leases0.2  
    Operating cash flows from operating leases39.4  
    Financing cash flows from finance leases0.8  
ROU assets for finance leases1.0  
ROU assets for operating leases91.4  
Amortization on ROU assets for finance leases0.3  
Amortization on ROU assets for operating leases23.2  
Weighted-average remaining lease term - finance leases2.8 years
Weighted-average remaining lease term - operating leases6.2 years
Weighted-average discount rate - finance leases15.6 %
Weighted-average discount rate - operating leases15.8 %
Schedule of Finance Lease Maturities
Maturities of lease liabilities as of December 31, 2019 were as follows:
Operating LeasesFinance Leases
2020$34.0  $0.7  
202130.5  0.5  
202224.0  0.3  
202319.7  —  
202414.3  —  
Thereafter46.8  —  
Total undiscounted cash flows$169.3  $1.5  
Present value:
Short-term lease liability$14.0  $0.5  
Long-term lease liability92.8  0.5  
Total lease liability$106.8  $1.0  
Difference between undiscounted cash flows and discounted cash flows$62.5  $0.5  
Schedule of Operating Lease Maturities
Maturities of lease liabilities as of December 31, 2019 were as follows:
Operating LeasesFinance Leases
2020$34.0  $0.7  
202130.5  0.5  
202224.0  0.3  
202319.7  —  
202414.3  —  
Thereafter46.8  —  
Total undiscounted cash flows$169.3  $1.5  
Present value:
Short-term lease liability$14.0  $0.5  
Long-term lease liability92.8  0.5  
Total lease liability$106.8  $1.0  
Difference between undiscounted cash flows and discounted cash flows$62.5  $0.5  
Schedule of Future Minimum Rental Payments for Operating Leases
The following table presents the minimum rental commitments under the Company's non-cancelable leases, including those pertaining to idled facilities, as of December 31, 2018 under the guidance applicable prior to the adoption of ASC 842.
Minimum Rental Commitments20192020202120222023ThereafterTotal
Capital Leases$1.1  $0.6  $0.3  $0.2  $0.2  $0.2  $2.6  
Operating Leases42.533.829.822.618.557.5204.7
Schedule of Future Minimum Lease Payments for Capital Leases
The following table presents the minimum rental commitments under the Company's non-cancelable leases, including those pertaining to idled facilities, as of December 31, 2018 under the guidance applicable prior to the adoption of ASC 842.
Minimum Rental Commitments20192020202120222023ThereafterTotal
Capital Leases$1.1  $0.6  $0.3  $0.2  $0.2  $0.2  $2.6  
Operating Leases42.533.829.822.618.557.5204.7