XML 95 R79.htm IDEA: XBRL DOCUMENT v3.3.1.900
Other Current and Non-Current Liabilities - Components of Other Current and Other Non-Current Liabilities (Detail) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Other current liabilities:    
Accrued salaries, wages and related costs $ 288.4 $ 324.2
Accrued operating expenses 240.6 292.9
Income taxes payable 49.7 38.1
Accrued customer volume rebates 165.6 180.1
Accrued interest 38.8 46.0
Accrued employee benefit liability 6.6 8.6
Total 789.7 889.9 [1],[2],[3]
Other non-current liabilities:    
Accrued employee benefit liability 378.1 347.6
Other postretirement liability 62.2 77.4
Other various liabilities 273.8 279.1
Total $ 714.1 $ 704.1 [1],[2],[3]
[1] As of December 31, 2015, we have adopted ASU 2015-17 which resulted in a decrease in deferred tax assets of $105.6 million, an increase in non-current deferred tax assets of $17.0 million, a decrease in current deferred tax liabilities of $4.8 million and a decrease in non-current deferred tax liabilities of $83.8 million as of December 31, 2014.
[2] During the fourth quarter of 2015, we completed the sale of our European food trays business. During the fourth quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $37 million of assets and $7 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details. Certain foreign currency translation adjustments were misclassified within the components of Accumulated Other Comprehensive Income on the Consolidated Balance Sheets. Additionally, we reclassified $13 million from accounts payable to short-term borrowings related to extended payment terms on a vendor agreement and $36 million from cash to other assets related to cash used as collateral for borrowing agreements. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[3] During the second quarter of 2015, we completed the sale of our North American foam trays and absorbent pads business. During the first quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $42 million of assets and $6 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.