v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND NATURE OF BUSINESS (Tables)
 12 Months Ended
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  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​