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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2020

Accounting Policies [Abstract]

Schedule of inventory

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

			September 30,						December 31,
(in millions)			2020						2019
Finished goods			$	139.4					$	157.4
Work-in-process			12.1						10.8
Raw materials and supplies			124.1						92.3
			$	275.6					$	260.5

Changes in accrued sales returns

The Company had the following activity for sales returns from December 31, 2019 to September 30, 2020:

(in millions)
Balance as of December 31, 2019			$	39.3
Amounts accrued			81.6
Returns charged to accrual			(78.8)
Balance as of September 30, 2020			$	42.1

Warranty activity

The Company had the following activity for its accrued warranty expense from December 31, 2019 to September 30, 2020:

(in millions)
Balance as of December 31, 2019			$	41.6
Amounts accrued			15.9
Warranties charged to accrual			(15.7)
Balance as of September 30, 2020			$	41.8

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The Company had the following activity for its allowance for credit losses from December 31, 2019 to September 30, 2020:

(in millions)
Balance as of December 31, 2019						$	71.9
ASU 2016-13 adoption impact						8.9
Amounts accrued						32.8
Write-offs charged against the allowance						(17.0)
Balance as of September 30, 2020						$	96.6

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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 the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

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