XML 50 R32.htm IDEA: XBRL DOCUMENT v3.3.1.900
Summary of Significant Accounting Policies and Nature of Business (Tables)
12 Months Ended
Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Activity in Allowance for Doubtful Accounts During the Years

 Activity in our allowance for doubtful accounts during the years ended December 31, 2015, 2014 and 2013 is set forth in the table below:

 

  (In millions)

   Balance at
beginning of
period
     Charged to
costs and
expenses,
net of
recoveries
     Charged to
other
accounts(1)
     Deductions(2)      Balance
at end of
period
 

2015

              

Allowance for doubtful accounts

     $ 5.6          $ 2.3          $ (0.3)          $ (0.7)          $ 6.9    

2014

              

Allowance for doubtful accounts

     5.5          0.9          (0.1)          (0.7)          5.6    

2013

              

Allowance for doubtful accounts

     4.5          3.4          (0.1)          (2.3)          5.5    

 

  (1)  Represents the foreign currency translation due to the change in exchange rate during the period.

 

  (2)  Accounts receivable balances written off during the period, net of recoveries.
Schedule of Estimated Useful Lives of Assets

As of December 31, 2015, the estimated useful lives of our assets are as follows:

 

Buildings

     27-39 years    

Land improvements

     15-25 years    

Chemical manufacturing plants

     25 years    

Machinery and equipment

     2-25 years    

Dies and moulds

     3-10 years    

Office furniture and equipment

     2-10 years    

Computer equipment and software

     3-10 years    

Schedule of Activity in Warranty Liabilities

Activity in our warranty liabilities for the years ended December 31, 2015, 2014 and 2013 is as follows:

 

(In millions)

   2015     2014     2013  

Beginning balance, January 1,

     $ 13.5         $ 12.6         $ 13.6    

Warranty provisions

     4.7         4.8         4.6    

Foreign currency translation loss

     (1.3)        (0.5)        (0.4)   

Warranty claims paid

     (1.7)        (3.4)        (5.2)   
  

 

 

   

 

 

   

 

 

 

Ending balance, December 31,

     $ 15.2         $ 13.5         $ 12.6