Accounts Receivable, Net

3 Months Ended

Mar. 31, 2017

Receivables [Abstract]

Accounts Receivable, Net

Accounts Receivable, Net

Accounts receivable as of March 31, 2017 of $2,579.5 million (December 31, 2016: $2,616.5 million), are stated at the invoiced amount and net of reserve for discounts and doubtful accounts of $160.3 million (December 31, 2016: $169.6 million).

Reserve for discounts and doubtful accounts:

(In millions)	2017			2016
As of January 1,	$	169.6		$	55.8
Provision charged to operations	295.2			149.4
Payments/credits	(304.5		)	(123.3		)
As of March 31,	$	160.3		$	81.9

As of March 31, 2017, accounts receivable included $89.4 million (December 31, 2016: $102.2 million) related to royalty receivable.