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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2021

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:

			March 31,						December 31,
(in millions)			2021						2020
Finished goods			$	171.3					$	170.2
Work-in-process			10.6						12.6
Raw materials and supplies			136.9						129.3
			$	318.8					$	312.1

Changes in Accrued Sales Returns

The Company had the following activity for sales returns from December 31, 2020 to March 31, 2021:

(in millions)
Balance as of December 31, 2020			$	44.9
Amounts accrued			36.7
Returns charged to accrual			(33.4)
Balance as of March 31, 2021			$	48.2

Summary of Warranty Activity

The Company had the following activity for its accrued warranty expense from December 31, 2020 to March 31, 2021:

(in millions)
Balance as of December 31, 2020			$	44.2
Amounts accrued			5.8
Warranties charged to accrual			(5.7)
Balance as of March 31, 2021			$	44.3

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, 2020 to March 31, 2021:

(in millions)
Balance as of December 31, 2020						$	71.6
Amounts accrued						2.5
Write-offs charged against the allowance						(1.6)
Balance as of March 31, 2021						$	72.5

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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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