XML 49 R17.htm IDEA: XBRL DOCUMENT v3.6.0.2
Accounts Receivable, Net
 12 Months Ended
Dec. 31, 2016
Receivables [Abstract]  
Accounts Receivable, Net
Accounts Receivable, Net

Accounts receivable as of December 31, 2016 of $2,616.5 million (December 31, 2015: $1,201.2 million), are stated at the invoiced amount and net of provision for discounts and doubtful accounts of $169.6 million (December 31, 2015: $55.8 million, 2014: $48.5 million).

Provision for discounts and doubtful accounts:
(In millions)
2016
 
2015
 
2014
As of January 1,
$
55.8

 
$
48.5

 
$
47.9

Provision charged to operations
838.1

 
424.2

 
338.2

Provision utilization
(724.3
)
 
(416.9
)
 
(337.6
)
As of December 31,
$
169.6

 
$
55.8

 
$
48.5


 
As of December 31, 2016 accounts receivable included $102.2 million (December 31, 2015: $79.0 million) related to royalty receivable.