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Basis of Presentation (Tables)
 3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Schedule of new accounting pronouncements and changes in accounting principles
The impact to our financial statements for the quarter ended March 31, 2018 was as follows (in millions):
 
For the Period Ended March 31, 2018
Income Statement
As Reported
Balances Without Adoption of ASC 606
Effect of Adoption Higher/(Lower)
Net sales
$
991.2

$
990.4

$
0.8

 
 
 
 
Costs and expenses
 
 
 
Cost of goods sold
$
708.3

$
707.5

$
0.8


 
For the Period Ended March 31, 2018
Balance Sheet
As Reported
Balances Without Adoption of ASC 606
Effect of Adoption Higher/(Lower)
ASSETS
 
 


Accounts receivable, net
$
704.0

$
685.5

$
(18.5
)
Inventories, net
714.3

725.8

11.5

Other current assets
70.7

59.9

(10.8
)
Total Assets
$
4,975.4

$
4,957.6

$
(17.8
)
 
 
 
 
LIABILITIES
 
 
 
Other accrued liabilities
$
210.9

$
193.7

$
(17.2
)
Total Liabilities
$
3,296.9

$
3,279.7

$
(17.2
)
 
 
 
 
EQUITY
 
 
 
Retained Earnings
$
1,908.9

$
1,908.3

$
(0.6
)
Total Equity
$
1,678.5

$
1,677.9

$
(0.6
)
The impact to our fiscal quarters and year-ended 2017 is shown in the table below (in millions):
 
Three Months Ended

Twelve Months Ended
(in millions, except per share amounts)
Dec 31, 2017
Sep 30, 2017
Jun 30, 2017
Mar 31, 2017

Dec 31, 2017
Cost of goods sold
$
(0.9
)
$
(0.8
)
$
(0.8
)
$
(0.8
)

$
(3.3
)
Selling & administrative expenses
(2.9
)
(3.0
)
(3.0
)
(2.9
)

(11.8
)
Total operating expenses
(3.8
)
(3.8
)
(3.8
)
(3.7
)

(15.1
)
Operating income
3.8

3.8

3.8

3.7


15.1

Total other expense
(3.8
)
(3.8
)
(3.8
)
(3.7
)

(15.1
)
Net income
$
—

$
—

$
—

$
—


$
—