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Reserves for Discounts and Allowances
6 Months Ended
Jun. 30, 2014
Reserves for Discounts and Allowances [Abstract]  
Reserves for discounts and allowances
Reserves for Discounts and Allowances
An analysis of the change in reserves for discounts and allowances is summarized as follows:
(In millions)
Discounts
 
Contractual
Adjustments
 
Returns
 
Total
Balance, as of December 31, 2013
$
47.0

 
$
335.6

 
$
33.7

 
$
416.3

Current provisions relating to sales in current year
161.2

 
577.3

 
14.7

 
753.2

Adjustments relating to prior years
(0.4
)
 
7.6

 
5.4

 
12.6

Payments/returns relating to sales in current year
(111.5
)
 
(330.3
)
 
(0.1
)
 
(441.9
)
Payments/returns relating to sales in prior years
(44.5
)
 
(200.8
)
 
(20.4
)
 
(265.7
)
Balance, as of June 30, 2014
$
51.8

 
$
389.4

 
$
33.3

 
$
474.5


The total reserves above, included in our condensed consolidated balance sheets, are summarized as follows:
(In millions)
As of June 30,
2014
 
As of December 31,
2013
Reduction of accounts receivable
$
153.4

 
$
151.4

Component of accrued expenses and other
321.1

 
264.9

Total reserves
$
474.5

 
$
416.3