Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Revision of Net Sales, Cost of Sales and Balance Sheet

The following table presents the impact of the revision on net sales and cost of sales:

	As Reported		Adjustments		As Revised
Year ended December 31, 2015
Products net sales	$	5,312.1	$	56.6	$	5,255.5
Total net sales		6,937.3		56.6		6,880.7
Products cost of sales		4,178.9		56.6		4,122.3
Total cost of sales		5,532.2		56.6		5,475.6
Year ended December 31, 2016
Products net sales	$	5,288.1	$	62.7	$	5,225.4
Total net sales		6,895.7		62.7		6,833.0
Products cost of sales		4,164.4		62.7		4,101.7
Total cost of sales		5,518.9		62.7		5,456.2

The following table presents the impact of the related balance sheet revision on the December 31, 2016 Consolidated Balance Sheet:

	As Reported		Adjustments			As Revised
Receivables, less allowance for doubtful accounts	$	1,354.4	$	(23.1	)	$	1,331.3
Inventories		379.6		7.2			386.8
Accounts payable		1,001.2		(15.9	)		985.3

Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows.

	December 31,
	2017		2016
Cash and cash equivalents	$	273.4	$	317.5
Restricted cash - current^(a)		28.0		18.1
Restricted cash - noncurrent^(b)		0.1		0.3
Total cash, cash equivalents and restricted cash	$	301.5	$	335.9

(a)

Included within prepaid expenses and other current assets within the Consolidated Balance Sheets.

(b)

Included within other noncurrent assets within the Consolidated Balance Sheets.

Transactions Affecting Allowance for Doubtful Accounts

Transactions affecting the allowance for doubtful accounts receivable during the years ended December 31, 2017, 2016 and 2015 were as follows:

	2017			2016			2015
Balance, beginning of year	$	35.9		$	26.0		$	27.0
Provisions charged to expense		3.2			12.1			17.8
Write-offs and other		(6.7	)		(2.2	)		(18.8	)
Balance, end of year	$	32.4		$	35.9		$	26.0

Components of Inventories

The components of the Company’s inventories, net of excess and obsolescence reserves for raw materials and finished goods, at December 31, 2017 and 2016 were as follows:

	2017			2016
Raw materials and manufacturing supplies	$	161.1		$	141.0
Work in process		75.0			84.4
Finished goods		198.2			179.4
LIFO reserve		(17.5	)		(18.0	)
Total	$	416.8		$	386.8

Components of Property, Plant and Equipment

The components of the Company’s property, plant and equipment at December 31, 2017 and 2016 were as follows:

	2017			2016
Land	$	56.1		$	56.0
Buildings		417.3			403.0
Machinery and equipment		1,885.2			1,805.4
		2,358.6			2,264.4
Accumulated depreciation		(1,743.5	)		(1,614.1	)
Total	$	615.1		$	650.3