Supplemental Balance Sheet Information

Additional supplemental balance sheet information is provided in the tables that follow.



	As of December 31,
	2015			2014
	(In millions)
Inventories
Finished goods	$	2.4		$	51.1
Work in process	0.7			0.7
Raw materials and supplies	7.4			5.9
Total inventories	$	10.5		$	57.7
Property, Plant and Equipment
Land	$	—		$	1.2
Buildings and leasehold improvements	4.9			94.7
Machinery and equipment	10.3			88.0
Construction in progress	—			0.1
Total	15.2			184.0
Less accumulated depreciation	(10.6		)	(139.0		)
Property, plant and equipment, net	$	4.6		$	45.0
Assets held for sale
Corporate headquarter facility (Note 18)	$	11.0		$	—
Other facilities	0.2			1.2
Memorex trademark and associated receivables (Note 18)	9.4			—
Total assets held for sale	$	20.6		$	1.2

During 2015, we classified our corporate headquarters facility as an asset held for sale. The amounts transferred out of property, plant and equipment and accumulated depreciation in 2015, was $125.6 million and $93.5 million, respectively. The carrying value of $32.1 million was subsequently written down to $11.0 million, which is the value of net proceeds received from the property sale that occurred on January 4, 2016 and is reported in assets held for sale on our Consolidated Balance Sheet as of December 31, 2015. See Note 7 - Restructuring and Other Expense for further information on the facility write down and Note 18 - Subsequent Events for further information on the facility sale.

As a result of our restructuring plan to wind down our legacy business, the Company recorded $3.5 million of write downs of property, plant and equipment for the year ended December 31, 2015. Property, plant and equipment and accumulated depreciation in 2015 were adjusted based on fair market value by $24.6 million and $21.1 million, respectively. See Note 7 - Restructuring and Other Expense



	Accounts Receivable*
	(In millions)
Reserves and Allowances
Balance, as of December 31, 2012	$	18.0
Additions	6.6
Write-offs, net of recoveries	(10.1		)
Balance, as of December 31, 2013	$	14.5
Additions	2.9
Write-offs, net of recoveries	(8.3		)
Balance, as of December 31, 2014	$	9.1
Additions	9.9
Write-offs, net of recoveries	(10.0		)
Balance, as of December 31, 2015	$	9.0

*Accounts receivable reserves and allowances include estimated amounts for customer returns, discounts on payment terms and the inability of certain customers to make the required payment.

Other current assets includes $9.9 million of restricted cash as of December 31, 2015. There was no restricted cash in other current assets as of December 31, 2014.

Other current liabilities (included as a separate line item in our Consolidated Balance Sheet) includes the following:



	As of December 31,
	2015		2014
	(In millions)
Rebates payable	$	5.5	$	26.9
Accrued payroll	6.2		18.4
Deferred Revenue	8.2		8.3
Restructuring accruals (Note 7)	16.9		1.3
Other current liabilities	28.8		43.3
Total other current liabilities	$	65.6	$	98.2