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Recent Accounting Pronouncements (Tables)

9 Months Ended

Sep. 30, 2019

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Schedule of New Accounting Pronouncements

The cumulative effect of the changes on our January 1, 2019, opening Condensed Consolidated Balance Sheet due to the adoption of ASU 2016-02 was as follows:

(in millions)	Balance at December 31, 2018				Adjustments due to ASU 2016-02				Balance at January 1, 2019
Assets:
Property, plant and equipment, net	$	263.7			$	(0.9	)		$	262.8
Right of use asset, leases	—				90.9				90.9
Liabilities and stockholders' equity:
Current portion of long-term debt	39.5				(0.1		)		39.4
Lease liabilities	—				24.1				24.1
Long-term debt, net	843.0				(0.1		)		842.9
Long-term lease liabilities	11.0				65.6				76.6
Accumulated deficit	(656.8		)		0.5				(656.3		)

The impact of the adoption of ASU 2016-02 on our Condensed Consolidated Balance Sheet for the period ended September 30, 2019 was as follows:

	Balance at September 30, 2019
(in millions)	As Reported				Balances without adoption of ASU 2016-02				Effect of Change Higher/(Lower)
Condensed Consolidated Balance Sheet:
Assets:
Property, plant and equipment, net	$	259.4			$	260.2			$	(0.8	)
Right of use asset, leases	95.8				—				95.8
Liabilities and stockholders' equity:
Current portion of long-term debt	31.6				31.7				(0.1		)
Lease liabilities	20.6				0.3				20.3
Long-term debt, net	882.5				882.6				(0.1		)
Long-term lease liabilities	84.6				10.2				74.4
Accumulated deficit	(611.3		)		(611.8		)		0.5

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- References

No definition available.

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- Definition

Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e765-108305

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e725-108305

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

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