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Revenue | 3 Months Ended
--- | ---
Mar. 31, 2018
Revenue [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | The cumulative effect of the changes made to our condensed consolidated January 1, 2018 balance sheet for the adoption of ASC 606 was as follows:
($ in millions) | Balance at December 31, 2017 |  | Adjustments Due to ASC 606 |  | Balance at January 1, 2018
Assets: |  |  |  |  |
Accounts receivable, net | $ | 253.2 |  |  | $ | 25.0 |  |  | $ | 278.2 |
Inventories | 215.2 |  |  | (20.8 | ) |  | 194.4 |
Other current assets | 39.2 |  |  | (8.4 | ) |  | 30.8 |
Liabilities and Equity: |  |  |  |  |
Other current liabilities | $ | 77.0 |  |  | $ | (13.7 | ) |  | $ | 63.3 |
Deferred income taxes | 10.4 |  |  | 3.0 |  |  | 13.4 |
Other long-term liabilities | 42.6 |  |  | (4.9 | ) |  | 37.7 |
Retained earnings | 1,178.2 |  |  | 11.4 |  |  | 1,189.6 |
The impact of the adoption of ASC 606 on our condensed consolidated income statement for the three months ended March 31, 2018 was as follows:
($ in millions) | As Reported |  | Balances without Adoption of ASC 606 |  | Effects of Change (Lower)/Higher
Net sales | $ | 415.7 |  |  | $ | 418.3 |  |  | $ | (2.6 | )
Cost of goods and services sold | 281.3 |  |  | 282.7 |  |  | (1.4 | )
Other expense | 3.1 |  |  | 3.0 |  |  | 0.1 |
Income tax expense | 12.5 |  |  | 12.9 |  |  | (0.4 | )
Net income | $ | 43.6 |  |  | $ | 44.5 |  |  | $ | (0.9 | )
The impact of the adoption of ASC 606 on our condensed consolidated balance sheet as of March 31, 2018 was as follows:
($ in millions) | As Reported |  | Balances without Adoption of ASC 606 |  | Effects of Change Higher/(Lower)
Assets: |  |  |  |  |
Accounts receivable, net | $ | 290.4 |  |  | $ | 267.6 |  |  | $ | 22.8 |
Inventories | 215.7 |  |  | 234.7 |  |  | (19.0 | )
Other current assets | 37.6 |  |  | 46.5 |  |  | (8.9 | )
Liabilities and Equity: |  |  |  |  |
Other current liabilities | $ | 69.6 |  |  | $ | 83.0 |  |  | $ | (13.4 | )
Deferred income taxes | 12.3 |  |  | 9.7 |  |  | 2.6 |
Other long-term liabilities | 35.6 |  |  | 40.4 |  |  | (4.8 | )
Retained earnings | 1,222.8 |  |  | 1,212.3 |  |  | 10.5 |
Disaggregation of Revenue [Table Text Block] | The following table presents the approximate percentage of our net sales by market group:
| Three Months Ended March 31,
| 2018 |  | 2017 (1)
Biologics | 21 | % |  | 22 | %
Generics | 21 | % |  | 20 | %
Pharma | 36 | % |  | 38 | %
Contract-Manufactured Products | 22 | % |  | 20 | %
| 100 | % |  | 100 | %
(1) As noted above, prior period amounts have not been adjusted under the modified retrospective method.
The following table presents the approximate percentage of our net sales by product category:
| Three Months Ended March 31,
| 2018 |  | 2017 (1)
High-Value Components | 41 | % |  | 43 | %
Standard Packaging | 34 | % |  | 34 | %
Delivery Devices | 3 | % |  | 3 | %
Contract-Manufactured Products | 22 | % |  | 20 | %
| 100 | % |  | 100 | %
(1) As noted above, prior period amounts have not been adjusted under the modified retrospective method.
The following table presents the approximate percentage of our net sales by geographic location:
| Three Months Ended March 31,
| 2018 |  | 2017 (1)
Americas | 45 | % |  | 52 | %
Europe, Middle East, Africa | 47 | % |  | 41 | %
Asia Pacific | 8 | % |  | 7 | %
| 100 | % |  | 100 | %
(1) As noted above, prior period amounts have not been adjusted under the modified retrospective method.
Change in Contract with Customer, Asset and Liability [Abstract] | The following table summarizes our contract assets and liabilities, excluding contract assets included in accounts receivable, net:
| ($ in millions)
Contract assets, December 31, 2017 | $ | 7.5 |
Contract assets, March 31, 2018 | 6.4 |
Change in contract assets - (decrease) increase | $ | (1.1 | )
Deferred income, December 31, 2017 | $ | (33.6 | )
Deferred income, March 31, 2018 | (22.1 | )
Change in deferred income - decrease (increase) | $ | 11.5 |

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