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Inventories (Tables)
6 Months Ended
Jun. 30, 2019
Inventory Disclosure [Abstract]  
Inventories
 
 
June 30, 2019
 
December 31, 2018
 
 
(In millions)
Raw materials and supplies
 
$
358.7

 
$
390.8

Finished goods
 
483.4

 
473.0

Total inventories
 
$
842.1

 
$
863.8


Schedule of Change in Accounting Principle
The impact of the change from LIFO to FIFO on the Company's Condensed Consolidated Statements of Operations and Comprehensive Loss is summarized below:

 
Three Months Ended March 31, 2019
 
Three Months Ended June 30, 2018
 
Six Months Ended June 30, 2018
 
As Reported
Adjustment
As Adjusted
 
As Reported
Adjustment
As Adjusted
 
As Reported
Adjustment
As Adjusted
 
(In millions, except per share data)
Cost of sales
$
1,106.5

$
(0.5
)
$
1,106.0

 
$
1,220.0

$
(0.7
)
$
1,219.3

 
$
2,469.3

$
(1.4
)
$
2,467.9

Operating (loss) income
(0.9
)
0.5

(0.4
)
 
3.2

0.7

3.9

 
(5.5
)
1.4

(4.1
)
Income tax (benefit) expense
(12.3
)
0.1

(12.2
)
 
(6.1
)
0.1

(6.0
)
 
(15.9
)
0.3

(15.6
)
Net (loss) income
(27.3
)
0.4

(26.9
)
 
(20.1
)
0.6

(19.5
)
 
(54.2
)
1.1

(53.1
)
Comprehensive (loss) income
(20.4
)
0.4

(20.0
)
 
(29.4
)
0.6

(28.8
)
 
(74.5
)
1.1

(73.4
)
Net (loss) income per common share - basic & diluted
$
(0.49
)
$
0.01

$
(0.48
)
 
$
(0.36
)
$
0.01

$
(0.35
)
 
$
(0.96
)
$
0.02

$
(0.94
)

The impact of the change on the Company's Condensed Consolidated Balance Sheets as of December 31, 2018 is as follows:
 
 
December 31, 2018
 
 
As Reported
 
Adjustment
 
As Adjusted
 
 
(In millions)
Inventories
 
$
839.7

 
$
24.1

 
$
863.8

Deferred income taxes
 
154.2

 
6.0

 
160.2

Retained earnings
 
185.9

 
18.1

 
204.0