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Recent Accounting Pronouncements (Tables)
3 Months Ended
Mar. 31, 2019
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]  
Schedule of New Accounting Pronouncements
The cumulative effect of the changes on our January 1, 2019 opening Condensed Consolidated Balance Sheet due to the adoption of ASU 2016-02 was as follows:
(in millions)
Balance at December 31, 2018
 
Adjustments due to ASU 2016-02
 
Balance at January 1, 2019
Assets:
 
 
 
 
 
Property, plant and equipment, net
$
263.7

 
$
(0.9
)
 
$
262.8

Right of use asset, leases

 
90.9

 
90.9

 
 
 
 
 
 
Liabilities and stockholders' equity:
 
 
 
 
 
Current portion of long-term debt
39.5

 
(0.1
)
 
39.4

Lease liabilities

 
24.1

 
24.1

Long-term debt, net
843.0

 
(0.1
)
 
842.9

Long-term lease liabilities
11.0

 
65.6

 
76.6

Accumulated deficit
(656.8
)
 
0.5

 
(656.3
)

The impact of the adoption of ASU 2016-02 on our Condensed Consolidated Balance Sheet for the period ended March 31, 2019 was as follows:
 
March 31, 2019
(in millions)
As Reported
 
Balances without adoption of ASU 2016-02
 
Effect of Change Higher/(Lower)
Condensed Consolidated Balance Sheet:
 
 
 
 
 
Assets:
 
 
 
 
 
Property, plant and equipment, net
$
260.3

 
$
261.1

 
$
(0.8
)
Right of use asset, leases
83.6

 

 
83.6

 
 
 
 
 
 
Liabilities and stockholders' equity:
 
 
 
 
 
Current portion of long-term debt
47.1

 
47.2

 
(0.1
)
Lease liabilities
22.8

 

 
22.8

Long-term debt, net
949.4

 
949.5

 
(0.1
)
Long-term lease liabilities
69.7

 
10.0

 
59.7

Accumulated deficit
(663.0
)
 
(663.5
)
 
0.5