Supplemental Balance Sheet Information (Tables)

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of accounts receivable

Accounts receivable consist of the following (in millions):

	September 30, 2019			December 31, 2018
Accounts receivable	$	160.5		$	152.2
Allowances and doubtful accounts:
Doubtful accounts	(2.5		)	(1.4		)
Sales discounts	(0.3		)	(0.2		)
Sales returns	—			(0.1		)
Accounts receivable, net	$	157.7		$	150.5

Schedule of inventories

Inventories at the lower of cost (determined on the LIFO/FIFO or weighted-average cost methods) or market consist of the following (in millions):

	September 30, 2019								December 31, 2018
	LIFO			Non- LIFO		Total			LIFO			Non- LIFO		Total
Raw materials	$	42.6		$	2.8	$	45.4		$	39.6		$	1.5	$	41.1
Work in process	31.8			0.4		32.2			22.1			0.4		22.5
Finished goods	55.2			18.3		73.5			50.1			13.7		63.8
Supplies and other	—			4.3		4.3			—			5.8		5.8
	129.6			25.8		155.4			111.8			21.4		133.2
Excess of FIFO or weighted-average cost over LIFO cost	(10.9		)	—		(10.9		)	(11.8		)	—		(11.8		)
Total	$	118.7		$	25.8	$	144.5		$	100.0		$	21.4	$	121.4

Schedule of property, plant and equipment

Property, plant and equipment consists of the following (in millions):

	September 30, 2019			December 31, 2018
Land	$	0.9		$	0.9
Buildings	46.6			43.5
Machinery and equipment	150.3			141.2
Construction in progress	77.6			52.7
	275.4			238.3
Less accumulated depreciation	(93.3		)	(84.2		)
Total	$	182.1		$	154.1

Changes in the carrying amount of goodwill by business segment

The changes in the carrying amount of goodwill are as follows (in millions):

	Goodwill
Balance, December 31, 2018	$	783.6
Goodwill acquired(a)	18.8
Purchase accounting adjustment	(1.9		)
Currency translation adjustment	—
Balance, September 30, 2019	$	800.5

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(a) We acquired goodwill in connection with the acquisitions described in Note 2, “Business Acquisitions.”

Schedule of intangible assets subject to amortization

Intangible assets subject to amortization consist of the following (in millions):

	September 30, 2019							December 31, 2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trademarks	$	83.5	$	(55.6	)	$	27.9	$	83.1	$	(52.2	)	$	30.9
Patents and acquired technologies	260.8		(153.7		)	107.1		259.5		(144.4		)	115.1
Other	88.8		(34.3		)	54.5		54.4		(32.2		)	22.2
Total	$	433.1	$	(243.6	)	$	189.5	$	397.0	$	(228.8	)	$	168.2

Schedule of estimated amortization expense

We estimate amortization expense for the remainder of 2019 and the following four years and beyond will be (in millions):

For the years ending December 31,	Amount
2019	$	5.4
2020	18.5
2021	17.0
2022	15.9
2023	15.3
Thereafter	117.4
Total	$	189.5

Schedule of accrued expenses

Accrued expenses consist of the following (in millions):

	September 30, 2019		December 31, 2018
Accrued rebates	$	40.3	$	26.1
Accrued salaries and wages	23.7		27.0
Accrued taxes	3.8		6.5
Other	41.1		34.8
Total	$	108.9	$	94.4

Schedule of other long-term liabilities

Other long-term liabilities consist of the following (in millions):

	September 30, 2019		December 31, 2018
Taxes payable	$	0.4	$	0.4
Accrued compensation benefits	6.1		4.3
Other	5.3		15.1
Total	$	11.8	$	19.8