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Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Reconciliation Of Weighted Average Number Of Common Shares Outstanding

. The following table sets forth a reconciliation of the weighted-average number of shares of Common Stock outstanding to the weighted-average number of shares outstanding on a diluted basis:

	2019		2018		2017
Weighted average common shares outstanding - basic		246.2		245.5		250.6
Dilutive effect of stock options		5.9		5.2		5.5
Weighted average common shares outstanding - diluted		252.1		250.7		256.1
Antidilutive stock options outstanding		1.5		1.9		3.2

Summary of Pre-Tax Expense Associated with Fair value of Unvested Stock Options and Restricted Stock Awards

The following table presents the pre-tax expense associated with the fair value of unvested stock options and restricted stock awards included in SG&A expenses and in cost of sales:

	For the Year Ended December 31,
	2019		2018		2017
Cost of sales	$	2.8	$	2.6	$	1.8
Selling, general and administrative expenses		19.6		22.3		16.3
Total	$	22.4	$	24.9	$	18.1

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

Summary of Effects of Recently Adopted Accounting Pronouncements to Consolidated Balance Sheet

The effects of the recently adopted accounting pronouncements to the Company’s consolidated balance sheet as of January 1, 2018 is as follows:

	Balance at			New Revenue			New Tax			Balance at
	December 31,			Standard			Reform			January 1,
	2017			Adjustment			Adjustment			2018
Accounts payable and accrued expenses	$	659.1		$	3.0		$	0.0		$	662.1
Income taxes payable		5.0			(0.7	)		0.0			4.3
Retained earnings		3,479.0			(2.3	)		0.6			3,477.3
Accumulated other comprehensive loss		(36.4	)		0.0			(0.6	)		(37.0	)