v2.4.0.8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF BUSINESS (Tables) | 12 Months Ended
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Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF BUSINESS |
Schedule of activity in allowance for doubtful accounts during the years |
Year Ended December 31, (In millions) |  | Balance at beginning of period |  | Charged to costs and expenses, net of recoveries |  | Charged to other accounts (1) |  | Deductions (2) |  | Balance at end of period |
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  | $ | 10.0 |  | $ | (2.1 | ) | $ | - |  | $ | (3.7 | ) | $ | 4.2 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  |  | 4.2 |  |  | 1.6 |  |  | - |  |  | (1.3 | ) |  | 4.5 |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for doubtful accounts |  |  | 4.5 |  |  | 3.4 |  |  | (0.1 | ) |  | (2.3 | ) |  | 5.5 |
(1) Represents foreign currency translation due to changes in exchange rates during the period. (2) Accounts receivable balances written off during the period, net of recoveries.
Schedule of estimated useful lives of assets |
Buildings |  | 27-39 years
Depletable land and land improvements |  | 15-25 years
Machinery, plant and equipment |  | 2-25 years
Dies and moulds |  | 3-10 years
Office furniture and equipment |  | 2-10 years
Computer equipment and software |  | 3-10 years
Schedule of activity in warranty liabilities |
(In millions) |  | 2013 |  | 2012 |  | 2011 |
--- | --- | --- | --- | --- | --- | --- | ---
January 1, |  | $ | 13.6 |  | $ | 11.8 |  | $ | 6.6 |
Estimated fair value of warranty liability assumed in acquisition |  |  | - |  |  | 1.1 |  |  | 5.6 |
Warranty provisions |  |  | 4.6 |  |  | 6.2 |  |  | 4.9 |
Foreign currency translation gain (loss) |  |  | (0.4 | ) |  | 0.1 |  |  | (0.1 | )
Warranty claims paid |  |  | (5.2 | ) |  | (5.6 | ) |  | (5.2 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, |  | $ | 12.6 |  | $ | 13.6 |  | $ | 11.8 |
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- Definition Tabular disclosure of credit losses for current financing receivables (such as trade and accounts receivable), including a rollforward of the balance. An alternative caption includes allowance for doubtful accounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 + Details
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