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New Accounting Standards Cumulative impact upon adoption of ASC Topic 326 (Tables)
Jan. 01, 2020
Cumulative Impact ASC Topic 326 [Line Items]  
Cumulative Impact ASC Topic 326 [Table Text Block]
The following table details the cumulative impact to retained earnings upon adoption of ASC Topic 326.
 
Published
Adjustment due to
 
As Reported Under
 
December 31, 2019
adoption of
 
ASC Topic 326 on January 1, 2020
(in millions)
(audited)
ASC Topic 326
 
(unaudited)
Assets
 
 
 
 
Allowance for trade receivables
$
(68.1
)
(3.6
)
 
$
(71.7
)
Deferred tax assets, net
245.4

5.5

 
250.9

Allowance for contract assets (1)
—

(1.7
)
 
(1.7
)
Liabilities and equity
 
 
 
 
Loan loss guarantee reserve (2)
$
—

15.1

 
$
15.1

Retained earnings
3,588.3

(14.9
)
 
3,573.4

1 The portion of the allowance for long-term contract assets is included within Other assets on the Condensed Consolidated Balance Sheets.
2 Included within Other liabilities on the Condensed Consolidated Balance Sheets