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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2017

Accounting Policies [Abstract]

Schedule of Inventory, Current

Inventories are stated at the lower of cost or market, determined by the first-in, first-out method and consist of the following:

	December 31,
(in millions)	2017				2016
Finished goods	$	121.8			$	130.1
Work-in-process	11.5				10.7
Raw materials and supplies	49.7				55.7
	$	183.0			$	196.5

Schedule of Property, Plant and Equipment

Property, plant and equipment are carried at cost at acquisition date and are depreciated using the straight-line method over their estimated useful lives as follows:

	Estimated Useful Lives (in years)
Buildings	25-30
Computer equipment and software	3-5
Leasehold improvements	4-7
Machinery and equipment	3-7
Office furniture and fixtures	5-7

The Company records depreciation and amortization in cost of sales for long-lived assets used in the manufacturing process, and within each line item of operating expenses for all other long-lived assets. Leasehold improvements are amortized over the shorter of the life of the lease or seven years. Assets under capital lease are included within property, plant and equipment and represent non-cash investing activities.

Property, plant and equipment, net consisted of the following:

	December 31,
(in millions)	2017				2016
Machinery and equipment	$	315.0			$	283.9
Land and buildings	316.2				302.6
Computer equipment and software	114.0				97.2
Furniture and fixtures	57.4				50.4
Construction in progress	63.2				52.9
Total property, plant, and equipment	865.8				787.0
Accumulated depreciation	(430.7		)		(364.8		)
Total property, plant and equipment, net	$	435.1			$	422.2

Changes in Accrued Sales Returns

The Company had the following activity for accrued sales returns from December 31, 2015 to December 31, 2017:

(in millions)
Balance as of December 31, 2015	$	28.5
Amounts accrued	130.6
Returns charged to accrual	(128.8		)
Balance as of December 31, 2016	$	30.3
Amounts accrued	102.1
Returns charged to accrual	(102.4		)
Balance as of December 31, 2017	$	30.0

Warranty Activity

The Company had the following activity for warranties from December 31, 2015 to December 31, 2017:

(in millions)
Balance as of December 31, 2015	$	29.6
Amounts accrued	50.0
Warranties charged to accrual	(49.7		)
Balance as of December 31, 2016	$	29.9
Amounts accrued	50.3
Warranties charged to accrual	(43.5		)
Balance as of December 31, 2017	$	36.7

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- Definition

Tabular disclosure of the changes in the reserve for sales returns, including the beginning balance of the liability, the aggregate reductions in that liability for payments made (in cash or in kind) , and the aggregate changes in the liability for accruals related to product returns issued during the reporting period.

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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