v3.10.0.1
Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2018
Accounting Policies [Abstract]  
Schedule of new accounting pronouncements and changes in accounting principles
The cumulative effect of the changes made to our consolidated balance sheet for the adoption of ASU 2014-09 were as follows:
 
Balance at
December 31, 2017
 
Adjustments
due to our adoption of
ASU 2014-09
 
Balance at
January 1,
2018
Balance Sheet
 
 
 
 
 
Assets
 
 
 
 
 
Other assets
$
335.2

 
$
43.8

 
$
379.0

 
 
 
 
 
 
Liabilities
 
 
 
 
 
Deferred income taxes and other long-term tax liabilities, net
$
796.4

 
$
10.4

 
$
806.8

 
 
 
 
 
 
Equity
 
 
 
 
 
Retained earnings
$
4,152.5

 
$
33.4

 
$
4,185.9

The impact of our adoption of the new revenue recognition standard on our consolidated income statement for the three and six months ended June 30, 2018 was as follows:
 
For the three months ended June 30, 2018
 
For the six months ended June 30, 2018
 
As Reported
 
Effect of Change
 
As Computed Excluding the Adoption of
ASU 2014-09
 
As Reported
 
Effect of Change
 
As Computed Excluding the Adoption of
ASU 2014-09
Income Statement
 
 
 
 
 
 
 
 
 
 
 
Revenue
$
2,517.8

 
$
82.9

 
$
2,600.7

 
$
4,945.2

 
$
169.6

 
$
5,114.8

Expenses:
 
 
 
 
 
 
 
 
 
 
 
Cost of operations
$
1,577.2

 
$
81.5

 
$
1,658.7

 
$
3,047.0

 
$
166.8

 
$
3,213.8

Depreciation, amortization and depletion
$
255.5

 
$
1.4

 
$
256.9

 
$
518.6

 
$
2.8

 
$
521.4

Selling, general and administrative
$
252.9

 
$
(0.1
)
 
$
252.8

 
$
514.0

 
$
0.4

 
$
514.4

Operating income
$
408.2

 
$
0.1

 
$
408.3

 
$
812.4

 
$
(0.4
)
 
$
812.0

During 2018, we adopted the following accounting standard updates ("ASUs") as issued by the Financial Accounting Standard Board ("FASB"):
ASU
 
Effective Date
ASU 2014-09
Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs-Contracts with Customers (Subtopic 340-40)
January 1, 2018
ASU 2016-15
Statement of Cash Flows (Topic 230) - Classification of Certain Cash Receipts and Cash Payments
January 1, 2018
ASU 2016-18
Statement of Cash Flows (Topic 230) - Restricted Cash
January 1, 2018
ASU 2017-01
Business Combinations (Topic 805) - Clarifying the Definition of Business
January 1, 2018
ASU 2017-07
Compensation - Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost
January 1, 2018
ASU 2017-09
Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting
January 1, 2018
Schedule of cash equivalents, restricted cash and marketable securities
Beginning-of-period and end-of-period cash, cash equivalents, restricted cash and restricted cash equivalents as presented in the statement of cash flows is reconciled as follows:
 
 
June 30, 2018
 
December 31, 2017
 
June 30, 2017
 
December 31, 2016
Cash and cash equivalents
 
$
61.3

 
$
83.3

 
$
36.0

 
$
67.8

Restricted cash and marketable securities
 
116.2

 
141.1

 
93.3

 
90.5

Less: restricted marketable securities
 
(44.8
)
 
(45.3
)
 
(45.1
)
 
(45.3
)
Cash, cash equivalents, restricted cash and restricted cash equivalents
 
$
132.7

 
$
179.1

 
$
84.2

 
$
113.0