Quarterly report pursuant to Section 13 or 15(d)

Accounts and Notes Receivable (Tables)

v3.19.2
Accounts and Notes Receivable (Tables)
6 Months Ended
Jun. 30, 2019
Receivables [Abstract]  
Schedule of Accounts and Notes Receivable
The following table presents accounts and note receivables, net of allowances:
 
June 30, 2019
 
December 31, 2018
Customer receivables
$
76.5

 
$
45.4

Miscellaneous receivables
5.2

 
6.2

Less: allowance for product claims, discounts, returns and losses
(15.8
)
 
(12.6
)
Total
$
65.9

 
$
39.0


Summary of Product Claim Accrual
The following table summarizes the activity for the allowance for product claims:
 
Six Months Ended June 30,
 
2019
 
2018
Balance as of January 1
$
(6.4
)
 
$
(5.6
)
Cumulative effect of adoption of new revenue recognition standard as of January 1

 
(1.7
)
Reductions for payments
3.5

 
3.8

Current year claim accruals
(5.0
)
 
(2.5
)
Balance as of June 30
$
(7.9
)
 
$
(6.0
)