Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Property, plant and equipment

We held the following property, plant and equipment, net (in millions):

	December 31, 2020		December 31, 2019
Land	$	55.6	$	50.4
Buildings	607.4		578.7
Machinery and equipment	1,342.4		1,195.8
Gross property, plant and equipment	2,005.4		1,824.9
Less: accumulated depreciation	(1,009.4)		(922.1)
Property, plant and equipment, net	$	996.0	$	902.8

Schedule of advertising expense

Advertising costs were as follows (in millions):

Year Ended
December 31, 2020		December 31, 2019		December 31, 2018
$	130.5	$	142.8	$	159.2

Schedule of new accounting pronouncements and changes in accounting principles

As new accounting pronouncements are issued, we will adopt those that are applicable under the circumstances.

Recently Issued Accounting Standards Not Yet Adopted
Standard	Description	Effective Date	Effect on the Financial Statements or Other Significant Matters
ASU 2019-12: Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes	This guidance enhances and simplifies various aspects of the income tax accounting guidance in ASC 740.	January 1, 2021	As of January 1, 2021 we adopted ASU 2019-12, which could have a material impact on the Consolidated Financial Statements due to the sale of the RX business and we are currently assessing the impact.

Schedule of allowance for credit loss activity

The following table presents the allowance for credit losses activity (in millions):

	Year Ended
	December 31, 2020
Beginning balance	$	6.7
Provision for credit losses, net	2.9
Receivables written-off	(2.3)
Recoveries collected	—
Currency translation adjustment	0.3
Ending balance	$	7.6