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New Accounting Pronouncements (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Changes And Error Corrections [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The effects of the recently adopted lease accounting standard to the Company’s consolidated balance sheet as of January 1, 2019 is as follows:

 

Balance at

 

 

New Lease

 

 

Balance at

 

 

December 31,

 

 

Standard

 

 

January 1,

 

 

2018

 

 

Adjustment

 

 

2019

 

Property, plant and equipment, net

$

598.2

 

 

$

(35.2

)

 

$

563.0

 

Other assets

 

117.4

 

 

 

107.5

 

 

 

224.9

 

Accounts payable and accrued expenses

 

725.1

 

 

 

13.6

 

 

 

738.7

 

Deferred and other long-term liabilities

 

180.9

 

 

 

41.3

 

 

 

222.2

 

Deferred income taxes

 

576.4

 

 

 

4.4

 

 

 

580.8

 

Retained earnings

 

3,832.6

 

 

 

13.0

 

 

 

3,845.6