XML 121 R27.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
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,

 

 

2019

 

 

2018

 

Cash and cash equivalents

$

190.8

 

 

$

370.6

 

Restricted cash - current (a)

 

32.9

 

 

 

32.9

 

Restricted cash - noncurrent (b)

 

0.1

 

 

 

0.1

 

Total cash, cash equivalents and restricted cash

$

223.8

 

 

$

403.6

 

(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, 2019, 2018 and 2017 were as follows:

 

 

2019

 

 

2018

 

 

2017

 

Balance, beginning of year

$

25.9

 

 

$

32.4

 

 

$

35.9

 

Provisions charged to expense

 

7.4

 

 

 

13.3

 

 

 

3.2

 

Write-offs and other

 

(12.8

)

 

 

(19.8

)

 

 

(6.7

)

Balance, end of year

$

20.5

 

 

$

25.9

 

 

$

32.4

 

Components of Inventories

The components of inventories, net of excess and obsolescence reserves for raw materials and finished goods, at December 31, 2019 and 2018 were as follows:

 

 

2019

 

 

2018

 

Raw materials and manufacturing supplies

$

139.4

 

 

$

153.1

 

Work in process

 

64.6

 

 

 

75.1

 

Finished goods

 

116.4

 

 

 

120.1

 

LIFO reserve

 

(18.6

)

 

 

(18.6

)

Total

$

301.8

 

 

$

329.7

 

Components of Property, Plant and Equipment

The components of property, plant and equipment at December 31, 2019 and 2018 were as follows:

 

 

2019

 

 

2018

 

Land

$

47.8

 

 

$

51.0

 

Buildings

 

379.9

 

 

 

389.5

 

Machinery and equipment

 

1,704.7

 

 

 

1,797.1

 

 

 

2,132.4

 

 

 

2,237.6

 

Accumulated depreciation

 

(1,632.4

)

 

 

(1,706.3

)

Total

$

500.0

 

 

$

531.3