Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Summary of the Equity and Cash Flow Impact of Separation Activities
The components on the Consolidated Statements of Stockholders' Equity and the Consolidated Statements of Cash Flows were as follows:
 
 
Year Ended December 31, 2016
 
 
Consolidated Statements of Stockholders' Equity
 
Consolidated Statements of Cash Flows - Financing Activities
 
 
Net transfers from AWI for the three months prior to Spin-off
$
53.6

 
$
53.6

 
Net transfers (to) from AWI upon Spin-off
(11.2
)
 
9.0

 
Other activity concurrent with Spin-off

 
(7.0
)
 
 
42.4

 
55.6

 
Cash distribution paid to AWI upon Spin-off
(50.0
)
 
(50.0
)
 
Net transfers (to) from AWI
$
(7.6
)
 
$
5.6

Schedule of Impact of Adoption on Results of Operations
The table below presents the impact of adoption on our results of operations:
 
Year Ended December 31,
 
2017
 
Prior to Adoption
 
Impact of Adoption
 
Upon Adoption
Cost of goods sold
$
555.1

 
$
(2.1
)
 
$
553.0

Selling, general and administrative expenses
164.6

 
(0.8
)
 
163.8

Operating (loss)
(15.6
)
 
2.9

 
(12.7
)
Other expense, net
0.8

 
2.9

 
3.7

 
 
 
 
 
 
 
Year Ended December 31,
 
2016
 
Prior to Adoption
 
Impact of Adoption
 
Upon Adoption
Cost of goods sold
$
556.1

 
$
(1.6
)
 
$
554.5

Selling, general and administrative expenses
168.7

 
(0.6
)
 
168.1

Operating (loss)
(14.7
)
 
2.2

 
(12.5
)
Other expense, net
4.7

 
2.2

 
6.9