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Supplemental Balance Sheet Information | 3 Months Ended
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Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Balance Sheet Information | Supplemental Balance Sheet Information Accounts Receivable Accounts receivable consist of the following (in millions):
| March 31, 2020 |  | December 31, 2019
Accounts receivable | $ | 162.8 |  |  | $ | 166.8 |
Allowances and doubtful accounts: |  |  |
Doubtful accounts | (2.9) |  |  | (2.7) |
Sales discounts | (0.3) |  |  | (0.3) |
Accounts receivable, net | $ | 159.6 |  |  | $ | 163.8 |
As of March 31, 2020 and December 31, 2019, accounts receivable included $28.9 million and $14.3 million, respectively, in other receivables that were primarily related to tax refunds receivable. Inventories Inventories at the lower of cost (determined on the LIFO/FIFO or weighted-average cost methods) or market consist of the following (in millions):
| March 31, 2020 |  |  |  |  |  | December 31, 2019 |  |  |  |
| LIFO |  | Non- LIFO |  | Total |  | LIFO |  | Non- LIFO |  | Total
Raw materials | $ | 50.4 |  |  | $ | 2.9 |  |  | $ | 53.3 |  |  | $ | 46.3 |  |  | $ | 2.9 |  |  | $ | 49.2 |
Work in process | 28.8 |  |  | 0.4 |  |  | 29.2 |  |  | 30.4 |  |  | 0.5 |  |  | 30.9 |
Finished goods | 53.4 |  |  | 20.1 |  |  | 73.5 |  |  | 49.5 |  |  | 21.7 |  |  | 71.2 |
Supplies and other | — |  |  | 4.0 |  |  | 4.0 |  |  | — |  |  | 4.5 |  |  | 4.5 |
| 132.6 |  |  | 27.4 |  |  | 160.0 |  |  | 126.2 |  | 29.6 |  | 155.8
Excess of FIFO or weighted-average cost over LIFO cost | (6.9) |  |  | — |  |  | (6.9) |  |  | (9.9) |  |  | — |  |  | (9.9) |
Total | $ | 125.7 |  |  | $ | 27.4 |  |  | $ | 153.1 |  |  | $ | 116.3 |  |  | $ | 29.6 |  |  | $ | 145.9 |
Property, Plant and Equipment Property, plant and equipment consists of the following (in millions):
| March 31, 2020 |  | December 31, 2019
Land | $ | 0.8 |  |  | $ | 1.0 |
Buildings | 45.4 |  |  | 48.3 |
Machinery and equipment | 215.0 |  |  | 215.0 |
Construction in progress | 19.6 |  |  | 18.9 |
| 280.8 |  |  | 283.2 |
Less accumulated depreciation | (102.1) |  |  | (98.7) |
Total | $ | 178.7 |  |  | $ | 184.5 |
Depreciation expense was $5.8 million for the three months ended March 31, 2020 compared to $3.6 million for the three months ended March 31, 2019. Depreciation expense in the three months ended March 31, 2020 includes depreciation on $59.3 million of capital that was placed in service in late 2019 associated with (i) implementation of a new IT platform and (ii) post-divestiture network separation. We considered the effects of the ongoing COVID-19 pandemic on the recoverability of our fixed assets and concluded that, as of March 31, 2020, the events and circumstances did not indicate that the carrying value of any of our fixed assets were not recoverable. Goodwill and Intangible Assets The changes in the carrying amount of goodwill are as follows (in millions):
| Goodwill
Balance, December 31, 2019 | $ | 800.9 |
Currency translation adjustment | (1.1) |
Balance, March 31, 2020 | $ | 799.8 |
We considered the effects of the ongoing COVID-19 pandemic on the fair value of our reporting unit and concluded that, as of March 31, 2020, the events and circumstances did not indicate that an interim period test for goodwill impairment was necessary. Intangible assets subject to amortization consist of the following (in millions):
| March 31, 2020 |  |  |  |  |  | December 31, 2019 |  |  |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademarks | $ | 90.9 |  |  | $ | (57.9) |  |  | $ | 33.0 |  |  | $ | 90.9 |  |  | $ | (56.7) |  |  | $ | 34.2 |
Patents and acquired technologies | 281.1 |  |  | (160.2) |  |  | 120.9 |  |  | 281.1 |  |  | (157.2) |  |  | 123.9 |
Other | 61.3 |  |  | (35.9) |  |  | 25.4 |  |  | 61.3 |  |  | (35.1) |  |  | 26.2 |
Total | $ | 433.3 |  |  | $ | (254.0) |  |  | $ | 179.3 |  |  | $ | 433.3 |  |  | $ | (249.0) |  |  | $ | 184.3 |
Amortization expense for intangible assets was $4.8 million for the three months ended March 31, 2020 compared to $4.8 million for the three months ended March 31, 2019. We considered the effects of the ongoing COVID-19 pandemic on the recoverability of our intangible assets and concluded that, as of March 31, 2020, events and circumstances did not indicate that the carrying value of any of our intangible assets were not recoverable. We estimate amortization expense for the remainder of 2020 and the following four years and beyond will be (in millions):
|  | Amount
Remainder of 2020 |  | $ | 13.5 |
2021 |  | 17.0 |
2022 |  | 15.9 |
2023 |  | 15.3 |
2024 |  | 15.1 |
Thereafter |  | 102.5 |
Total |  | $ | 179.3 |
Accrued Expenses Accrued expenses consist of the following (in millions):
| March 31, 2020 |  | December 31, 2019
Accrued rebates | $ | 37.2 |  |  | $ | 51.1 |
Accrued salaries and wages | 22.8 |  |  | 23.6 |
Accrued taxes | 3.3 |  |  | 3.2 |
Other | 38.3 |  |  | 36.9 |
Total | $ | 101.6 |  |  | $ | 114.8 |
Accrued rebates represent amounts accrued for estimated incentives earned by customers. Other Long-Term Liabilities Other long-term liabilities consist of the following (in millions):
| March 31, 2020 |  | December 31, 2019
Taxes payable | $ | 0.4 |  |  | $ | 0.4 |
Accrued compensation benefits | 5.1 |  |  | 5.4 |
Other | 5.3 |  |  | 5.4 |
Total | $ | 10.8 |  |  | $ | 11.2 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
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