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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2018
Revenue from Contract with Customer [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] | The following table summarizes the cumulative effect made to our consolidated balance sheet as a result of the adoption to this standard.
|  | December 31, 2017 |  | Adjustments due to ASU 2014-09 |  | January 1, 2018
Assets |  |  |  |  |  |
Inventories |  | $ | 608.6 |  |  | $ | (22.7 | ) |  | $ | 585.9 |
Prepaid expenses and other current assets (1) |  | 63.9 |  |  | 41.7 |  |  | 105.6 |
Other assets (2) |  | 428.6 |  |  | (1.9 | ) |  | 426.7 |
Liabilities |  |  |  |  |  |
Other accrued liabilities (3) |  | $ | 489.6 |  |  | $ | 1.9 |  |  | $ | 491.5 |
Deferred income taxes |  | 152.9 |  |  | 3.0 |  |  | 155.9 |
Equity |  |  |  |  |  |
Retained earnings (Accumulated deficit) |  | $ | (21.4 | ) |  | $ | 12.1 |  |  | $ | (9.3 | )
Noncontrolling interests |  | 131.7 |  |  | 0.1 |  |  | 131.8 |
(1) | Includes the impact to contract assets resulting from the modified retrospective adoption of the new revenue standard.
(2) | Includes the impact to deferred income taxes resulting from the modified retrospective adoption of the new revenue standard.
(3) Includes the impact of estimated variable consideration on certain arrangements in our refinish end-market.Of the accounting standards we have adopted in 2018, the below standards did not have a material impact:
ASU |  |  |  | Effective Date
2017-12 |  | Derivatives and Hedging |  | January 1, 2018
2017-09 |  | Compensation—Stock Compensation |  | January 1, 2018
2017-04 |  | Simplifying the Test for Goodwill Impairment |  | January 1, 2018
2017-01 |  | Clarifying the Definition of a Business |  | January 1, 2018
2016-15 |  | Statement of Cash Flows |  | January 1, 2018
The following tables summarizes the impact to our consolidated statements of operations and balance sheets in accordance with the new revenue standard:
|  | For the year ended December 31, 2018
|  | As reported |  | Prior to ASU 2014-09 |  | Increases / (Decreases)
Net sales |  | $ | 4,669.7 |  |  | $ | 4,662.6 |  |  | $ | 7.1 |
Cost of goods sold |  | 3,106.3 |  |  | 3,039.0 |  |  | 67.3 |
Selling, general and administrative expenses |  | 959.1 |  |  | 1,023.1 |  |  | (64.0 | )
Provision for income taxes |  | 54.2 |  |  | 53.2 |  |  | 1.0 |
Net income |  | $ | 213.3 |  |  | $ | 210.5 |  |  | $ | 2.8 |
Less: Net income attributable to noncontrolling interests |  | 6.2 |  |  | 6.1 |  |  | 0.1 |
Net income attributable to controlling interests |  | $ | 207.1 |  |  | $ | 204.4 |  |  | $ | 2.7 |
|  | At December 31, 2018
|  | As reported |  | Prior to ASU 2014-09 |  | Increases / (Decreases)
Assets |  |  |  |  |  |
Inventories |  | $ | 613.0 |  |  | $ | 638.0 |  |  | $ | (25.0 | )
Prepaid expenses and other current assets |  | 139.4 |  |  | 92.2 |  |  | 47.2 |
Other assets |  | 489.1 |  |  | 491.7 |  |  | (2.6 | )
Liabilities |  |  |  |  |  |
Other accrued liabilities |  | $ | 475.6 |  |  | $ | 473.7 |  |  | $ | 1.9 |
Deferred income taxes |  | 140.8 |  |  | 137.5 |  |  | 3.3 |
Equity |  |  |  |  |  |
Retained earnings |  | $ | 198.6 |  |  | $ | 183.8 |  |  | $ | 14.8 |
Accumulated other comprehensive loss |  | (336.1 | ) |  | (335.5 | ) |  | (0.6 | )
Noncontrolling interests |  | 105.4 |  |  | 105.2 |  |  | 0.2 |

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