Quarterly report pursuant to Section 13 or 15(d)

Accounts and Notes Receivable (Tables)

v3.19.3
Accounts and Notes Receivable (Tables)
9 Months Ended
Sep. 30, 2019
Receivables [Abstract]  
Schedule of Accounts and Notes Receivable
The following table presents accounts and note receivables, net of allowances:
 
September 30, 2019
 
December 31, 2018
Customer receivables
$
56.8

 
$
45.4

Miscellaneous receivables
4.3

 
6.2

Less: allowance for product claims, discounts, returns and losses
(17.9
)
 
(12.6
)
Total
$
43.2

 
$
39.0


Summary of Product Claim Accrual
The following table summarizes the activity for the allowance for product claims:
 
Nine Months Ended September 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
5.2

 
5.6

Current year claim accruals
(7.5
)
 
(4.6
)
Balance as of September 30
$
(8.7
)
 
$
(6.3
)