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Supplemental Balance Sheet Information | 3 Months Ended
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Mar. 31, 2021
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, 2021 |  | December 31, 2020
Accounts receivable | $ | 109.5 |  |  | $ | 113.2 |
Allowances and doubtful accounts: |  |  |
Doubtful accounts | (3.9) |  |  | (4.4) |
Sales discounts | (0.3) |  |  | (0.2) |
Accounts receivable, net of allowances | $ | 105.3 |  |  | $ | 108.6 |
Losses on receivables are estimated based on known troubled accounts and historical experience. Receivables are considered impaired and written off when it is probable that payments due will not be collected. Our provision for doubtful accounts was a net benefit of $0.4 million in the three months ended March 31, 2021. 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, 2021 |  | December 31, 2020
| LIFO |  | Non- LIFO |  | Total |  | LIFO |  | Non- LIFO |  | Total
Raw materials | $ | 46.3 |  |  | $ | 3.0 |  |  | $ | 49.3 |  |  | $ | 43.9 |  |  | $ | 3.1 |  |  | $ | 47.0 |
Work in process | 32.6 |  |  | 0.1 |  |  | 32.7 |  |  | 32.2 |  |  | 0.1 |  |  | 32.3 |
Finished goods | 67.4 |  |  | 16.0 |  |  | 83.4 |  |  | 73.5 |  |  | 16.9 |  |  | 90.4 |
Supplies and other | — |  |  | 6.3 |  |  | 6.3 |  |  | — |  |  | 6.7 |  |  | 6.7 |
| 146.3 |  |  | 25.4 |  |  | 171.7 |  |  | 149.6 |  |  | 26.8 |  |  | 176.4 |
Excess of FIFO or weighted-average cost over LIFO cost | (6.5) |  |  | — |  |  | (6.5) |  |  | (7.5) |  |  | — |  |  | (7.5) |
Total | $ | 139.8 |  |  | $ | 25.4 |  |  | $ | 165.2 |  |  | $ | 142.1 |  |  | $ | 26.8 |  |  | $ | 168.9 |
Property, Plant and Equipment Property, plant and equipment consists of the following (in millions):
| March 31, 2021 |  | December 31, 2020
Land | $ | 1.1 |  |  | $ | 1.1 |
Buildings | 46.7 |  |  | 46.8 |
Machinery and equipment | 219.6 |  |  | 218.2 |
Construction in progress | 24.5 |  |  | 23.3 |
| 291.9 |  |  | 289.4 |
Less accumulated depreciation | (118.5) |  |  | (114.1) |
Total | $ | 173.4 |  |  | $ | 175.3 |
Depreciation expense was $5.5 million for the three months ended March 31, 2021 compared to $5.8 million for the three months ended March 31, 2020. Goodwill and Intangible Assets The changes in the carrying amount of goodwill are as follows (in millions):
| Goodwill
Balance, December 31, 2020 | $ | 802.5 |
Currency translation adjustment | (0.4) |
Balance, March 31, 2021 | $ | 802.1 |
Intangible assets subject to amortization consist of the following (in millions):
| March 31, 2021 |  | December 31, 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademarks | $ | 90.9 |  |  | $ | (61.9) |  |  | $ | 29.0 |  |  | $ | 90.9 |  |  | $ | (61.2) |  |  | $ | 29.7 |
Patents and acquired technologies | 281.5 |  |  | (179.4) |  |  | 102.1 |  |  | 282.0 |  |  | (177.2) |  |  | 104.8 |
Other | 61.3 |  |  | (38.8) |  |  | 22.5 |  |  | 61.4 |  |  | (38.2) |  |  | 23.2 |
Total | $ | 433.7 |  |  | $ | (280.1) |  |  | $ | 153.6 |  |  | $ | 434.3 |  |  | $ | (276.6) |  |  | $ | 157.7 |
Amortization expense for intangible assets was $4.2 million for the three months ended March 31, 2021 compared to $4.8 million for the three months ended March 31, 2020. We estimate amortization expense for the remainder of 2021 and the following four years and beyond will be (in millions):
|  | Amount
Remainder of 2021 |  | $ | 12.3 |
2022 |  | 16.1 |
2023 |  | 15.2 |
2024 |  | 15.1 |
2025 |  | 14.6 |
Thereafter |  | 80.3 |
Total |  | $ | 153.6 |
Accrued Expenses Accrued expenses consist of the following (in millions):
| March 31, 2021 |  | December 31, 2020
Accrued rebates and customer incentives | $ | 19.4 |  |  | $ | 22.5 |
Accrued salaries and wages | 21.3 |  |  | 36.0 |
Accrued taxes | 3.4 |  |  | 2.7 |
Other(a) | 36.2 |  |  | 22.0 |
Total | $ | 80.3 |  |  | $ | 83.2 |
__________________________________________________ (a)As of March 31, 2021, “Other” includes amounts accrued pursuant to a potential resolution of a matter with the U.S. Department of Justice, as described in “Commitments and Contingencies” in Note 8 to these condensed consolidated financial statements. Other Long-Term Liabilities Other long-term liabilities consist of the following (in millions):
| March 31, 2021 |  | December 31, 2020
Taxes payable | $ | 0.4 |  |  | $ | 0.4 |
Accrued compensation and benefits | 5.6 |  |  | 5.8 |
Other | 4.9 |  |  | 4.8 |
Total | $ | 10.9 |  |  | $ | 11.0 |

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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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