Avanos Medical (AVNS) 10-Q 2 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 26, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Halyard Health, Inc.
Entity Central Index Key	1,606,498
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		46,791,748

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net Sales	$ 399.2	$ 400	$ 794.8	$ 784.8
Cost of products sold	254.6	259.3	507.3	507.6
Gross Profit	144.6	140.7	287.5	277.2
Research and development	9.8	9.5	17.8	18.2
Selling and general expenses	100.1	107.9	201.3	200.7
Other expense, net	5.5	5.7	12.9	7.6
Operating (Loss) Profit	29.2	17.6	55.5	50.7
Interest income	0.5	0.1	0.9	0.3
Interest expense	(7.8)	(8.3)	(15.4)	(16.3)
(Loss) Income Before Income Taxes	21.9	9.4	41	34.7
Income tax provision	(4.8)	(2.9)	(11.1)	(14)
Net Income	$ 17.1	$ 6.5	$ 29.9	$ 20.7
Earnings Per Share
Basic (in dollars per share)	$ 0.37	$ 0.14	$ 0.64	$ 0.44
Diluted (in dollars per share)	$ 0.36	$ 0.14	$ 0.63	$ 0.44

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net Income	$ 17.1	$ 6.5	$ 29.9	$ 20.7
Other Comprehensive Income (Loss), Net of Tax
Unrealized currency translation adjustments	4.7	(2)	14.5	3.5
Defined benefit plans	0	0.1	0.2	0.1
Cash flow hedges	0.4	0.4	1.1	1.5
Total Other Comprehensive Income (Loss), Net of Tax	5.1	(1.5)	15.8	5.1
Comprehensive Income	$ 22.2	$ 5	$ 45.7	$ 25.8

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 154.8	$ 113.7
Accounts receivable, net of allowances	184.1	190.1
Inventories	296.2	272.5
Prepaid expenses and other current assets	19.7	17.2
Total Current Assets	654.8	593.5
Property, Plant and Equipment, net	259.7	260.8
Goodwill	1,030.9	1,029
Other Intangible Assets, net	159.8	169.8
Deferred Tax Assets	16.1	15.1
Other Assets	3.6	3.6
TOTAL ASSETS	2,124.9	2,071.8
Current Liabilities
Trade accounts payable	184.4	173.1
Accrued expenses	137.4	151.3
Total Current Liabilities	321.8	324.4
Long-Term Debt	579.9	579
Deferred Tax Liabilities	36.4	35.8
Other Long-Term Liabilities	30	30.1
Total Liabilities	968.1	969.3
Commitments and Contingencies
Stockholders’ Equity
Preferred stock - $0.01 par value - authorized 20,000,000 shares, none issued	0	0
Common stock - $0.01 par value - authorized 300,000,000 shares, 46,791,748 outstanding at June 30, 2017 and 46,681,798 outstanding at December 31, 2016	0.5	0.5
Additional paid-in capital	1,543.8	1,533.2
Accumulated deficit	(349.3)	(379.2)
Treasury stock	(3.9)	(1.9)
Accumulated other comprehensive loss	(34.3)	(50.1)
Total Stockholders’ Equity	1,156.8	1,102.5
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 2,124.9	$ 2,071.8

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares outstanding (in shares)	46,791,748	46,681,798

CONDENSED CONSOLIDATED CASH FLO

CONDENSED CONSOLIDATED CASH FLOW STATEMENTS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating Activities
Net income	$ 29.9	$ 20.7
Depreciation and amortization	32.4	31.8
Stock-based compensation expense	9.8	9.3
Net loss on asset dispositions	0	0.8
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	5.3	4.8
Inventories	(23.7)	3.3
Prepaid expenses and other assets	0.8	3
Accounts payable	11.1	5.8
Accrued expenses	(15.3)	8.5
Other	6.4	6
Cash Provided by Operating Activities	56.7	94
Investing Activities
Capital expenditures	(16.6)	(14.1)
Acquisition of business, net of cash acquired	0	(175.1)
Proceeds from dispositions of property	0.1	0
Cash Used in Investing Activities	(16.5)	(189.2)
Financing Activities
Line of credit facility proceeds	0	72
Line of credit facility repayments	0	(27)
Purchase of treasury stock	(2)	(0.9)
Proceeds from the exercise of stock options	0.8	0
Cash Provided by (Used in) Financing Activities	(1.2)	44.1
Effect of Exchange Rate Changes on Cash and Cash Equivalents	2.1	0.8
Increase (Decrease) in Cash and Cash Equivalents	41.1	(50.3)
Cash and Cash Equivalents - Beginning of Period	113.7	129.5
Cash and Cash Equivalents - End of Period	$ 154.8	$ 79.2

Accounting Policies

Accounting Policies	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies Background and Basis of Presentation Halyard Health, Inc. is a medical technology company focused on eliminating pain, speeding recovery and preventing infection for healthcare providers and patients. We are committed to addressing some of today’s most important healthcare needs, such as reducing the use of opioids while helping patients move from surgery to recovery. We operate in two reportable business segments: Medical Devices and Surgical and Infection Prevention (“S&IP”). References to “Halyard,” “Company,” “we,” “our” and “us” refer to Halyard Health, Inc. Interim Financial Statements We prepared the accompanying condensed consolidated financial statements according to accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to the Quarterly Report on Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and the condensed consolidated financial statements in this Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2016 . Our unaudited interim condensed consolidated financial statements contain all necessary material adjustments, which are of a normal and recurring nature, to fairly state our financial condition, results of operations and cash flows for the periods presented. Use of Estimates Preparation of our condensed consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting periods. Estimates are used in accounting for, among other things, distributor rebate accruals, future cash flows associated with impairment testing for goodwill and long-lived assets, loss contingencies, and deferred tax assets and potential income tax assessments. Actual results could differ from these estimates, and the effect of the change could be material to our financial statements. Changes in these estimates are recorded when known. Recently Adopted Accounting Pronouncements Effective January 1, 2017 , we adopted Accounting Standards Update (“ASU”) No. 2016-09, Improvements to Employee Share-Based Payment Accounting, and elected to account for forfeitures as they occur rather than applying an estimated forfeiture rate. The adoption of this ASU did not have a material effect on our financial position, results of operations or cash flows . Recently Issued Accounting Pronouncements In May 2017 , the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-09, Stock Compensation - Scope of Modification Accounting. This ASU is intended to provide clarity and reduce both (i) diversity in practice and (ii) cost and complexity when applying the modification accounting guidance in Topic 718, Compensation - Stock Compensation. Specifically, modification accounting is applied to any changes in stock-based awards unless (i) the fair value of the modified award is the same as the fair value of the original award immediately before modification, (ii) the vesting conditions of the modified award are the same as the original award before modification and (iii) the equity or liability classification of the modified award is the same as the original award. This ASU is to be prospectively applied for annual periods, and interim periods within those annual periods beginning after December 15, 2017 , with early adoption permitted for any interim period for which financial statements have not yet been issued. As this ASU is intended to bring consistency in practice but does not change any fair value measurement methodologies, it is not expected to have a material effect on our financial position, results of operations and cash flows. In March 2017 , the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post Retirement Benefit Cost. This ASU requires that current service cost be reported in the same line item as other compensation costs arising from services rendered by employees during the period. The other components of net benefit cost are to be presented separately in the income statement and below operating income, if operating income is presented. This ASU is effective for annual periods, and interim periods within those annual periods beginning after December 15, 2017 , with retrospective application required. Earlier adoption is permitted in any interim or annual period for which financial statements have not yet been issued. The adoption of this ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In January 2017 , the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment, that replaces the existing two-step goodwill impairment test with a simplified one-step process. This ASU provides that goodwill impairment will be measured as the excess of the reporting unit’s carrying amount over its fair value and abandons the second step that requires the measurement of goodwill impairment by comparing the implied value of a reporting unit’s goodwill to the goodwill’s carrying amount. This ASU is to be adopted prospectively for goodwill impairment tests in fiscal years beginning after December 15, 2019 , with early adoption permitted for goodwill impairment testing dates after January 1, 2017 . We plan to adopt this ASU beginning with our next annual goodwill impairment test as of July 1, 2017 . Adoption of this ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In January 2017 , the FASB issued ASU 2017-01, Clarifying the Definition of a Business, which provides guidance in evaluating whether transactions involve the acquisition (or disposal) of assets or a business. A business has been defined as having three elements: inputs, processes and outputs. While an integrated set of assets and activities (a “set”) that is a business usually has outputs, outputs are not required to be present. Additionally, the inputs and processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce outputs. This ASU provides a screen to determine when a set is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed) is concentrated in a single identifiable asset or group of similar identifiable assets, the set is not a business. It is expected that this ASU will reduce the number of transactions that are treated as business combinations. This ASU is to be adopted prospectively for annual periods, and interim periods within those annual periods beginning after December 15, 2017 . Adoption of the ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In August 2016 , the FASB issued ASU No. 2016-15, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments. This ASU provides guidance on the presentation and classification of certain specific cash receipts and payments in the statement of cash flows and is intended to reduce diversity in practice. This ASU is effective for annual periods, and interim periods within those annual periods beginning after December 15, 2017 , but earlier adoption is permitted. This ASU is to be adopted using a retrospective transition method to each period presented. Adoption of this ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In February 2016 , the FASB issued ASU No. 2016-02, Leases. This ASU requires the recognition of assets and liabilities for leases with lease terms of more than twelve months . The recognition, measurement and presentation of expenses and cash flows arising from a lease will depend primarily on its classification as a finance or an operating lease, with the classification criteria for distinguishing between the two being similar to the classification criteria for distinguishing between capital and operating leases under current GAAP. However, unlike current GAAP, recognition of finance and operating leases on the balance sheet is required, and additional disclosures are required to help financial statement users to better understand the amount, timing and uncertainty of cash flows arising from leases. This ASU requires modified retrospective application for existing leases. This ASU will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 , however, earlier application is permitted. The adoption of this ASU will require us to recognize assets and liabilities for operating leases we have entered into for our principal executive offices as well as certain warehouse, manufacturing and distribution facilities globally. We have not yet determined the impact recognition of such assets and liabilities will have on our financial position, results of operations and cash flows. In January 2016 , the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Liabilities. This ASU requires equity investments, except those accounted for under the equity method or those that result in consolidation of the equity investee, to be measured at fair value with changes in fair value recognized in net income. However, equity investments without readily determinable fair values may be measured at cost less impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments in the same issuer. In addition, this ASU provides for a qualitative impairment assessment for equity investments that do not have readily determinable fair values. This ASU also clarifies that entities should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This ASU should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The provisions related to equity investments that do not have readily determinable fair values should be applied prospectively to such equity investments that exist as of the date of adoption. This ASU will be effective for fiscal years, and interim periods within those fiscal years beginning after December 15, 2017 . Early adoption of this ASU is permitted. The adoption of this ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In May 2014 , the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers , which, along with subsequent amendments, provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. ASU 2014-09 provides for a principles-based, five-step approach to measure and recognize revenue from contracts with customers. ASU 2014-09 is effective for public entities for annual and interim periods beginning after December 15, 2017 . Early adoption for periods beginning after December 15, 2016 is permitted. The guidance permits two implementation approaches, one requiring retrospective application with restatement of prior years and one requiring prospective application with disclosure of results under old standards. Based on the results of our review to date, we do not expect a material effect on our financial position, results of operations or cash flows. We will continue to evaluate the accounting and disclosure requirements along with any changes, modifications or interpretations that may affect our current conclusion. We expect to apply this ASU using the modified retrospective method.

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Balance Sheet Information	Supplemental Balance Sheet Information Accounts Receivable Accounts receivable consist of the following (in millions): June 30, 2017 December 31, 2016 Accounts receivable $ 185.7 $ 191.6 Allowances and doubtful accounts (1.6 ) (1.5 ) Accounts receivable, net $ 184.1 $ 190.1 Inventories Inventories at the lower of cost (determined on the LIFO/FIFO or weighted-average cost methods) or market consist of the following (in millions): June 30, 2017 December 31, 2016 LIFO Non- Total LIFO Non- Total Raw materials $ 51.0 $ 2.9 $ 53.9 $ 45.8 $ 2.3 $ 48.1 Work in process 56.0 0.8 56.8 50.6 0.3 50.9 Finished goods 138.9 42.0 180.9 130.8 40.5 171.3 Supplies and other — 14.9 14.9 — 12.8 12.8 245.9 60.6 306.5 227.2 55.9 283.1 Excess of FIFO or weighted-average cost over LIFO cost (10.3 ) — (10.3 ) (10.6 ) — (10.6 ) Total $ 235.6 $ 60.6 $ 296.2 $ 216.6 $ 55.9 $ 272.5 We may distribute products bearing the Kimberly-Clark brand under a royalty agreement through the end of this year. As of June 30, 2017 , we had $4 million of inventory bearing the Kimberly-Clark brand on hand and a related allowance of $3 million for potential losses from inventory that we may not sell before the expiration of our royalty agreement with Kimberly-Clark. Property, Plant and Equipment Property, plant and equipment consists of the following (in millions): June 30, 2017 December 31, 2016 Land $ 2.2 $ 2.1 Buildings 89.5 85.8 Machinery and equipment 518.8 499.8 Construction in progress 25.2 25.0 635.7 612.7 Less accumulated depreciation (376.0 ) (351.9 ) Total $ 259.7 $ 260.8 Depreciation expense was $11 million and $22 million for the three and six months ended June 30, 2017 , respectively, compared to $11 million and $21 million for the three and six months ended June 30, 2016 , respectively. Goodwill and Intangible Assets The changes in the carrying amount of goodwill by business segment are as follows (in millions): Medical Devices S&IP Consolidated Goodwill Accumulated Impairment Goodwill, net Goodwill Accumulated Impairment Goodwill, net Goodwill, net Balance at December 31, 2016 $ 762.3 $ — $ 762.3 $ 740.7 $ (474.0 ) $ 266.7 $ 1,029.0 Currency translation adjustment 1.4 — 1.4 0.5 — 0.5 1.9 Balance at June 30, 2017 $ 763.7 $ — $ 763.7 $ 741.2 $ (474.0 ) $ 267.2 $ 1,030.9 Intangible assets subject to amortization consist of the following (in millions): June 30, 2017 December 31, 2016 Gross Accumulated Net Carrying Amount Gross Accumulated Net Carrying Amount Trademarks $ 125.9 $ (95.7 ) $ 30.2 $ 125.9 $ (93.8 ) $ 32.1 Patents and acquired technologies 252.6 (138.8 ) 113.8 251.8 (131.1 ) 120.7 Other 55.2 (45.1 ) 10.1 55.1 (43.8 ) 11.3 Total $ 433.7 $ (279.6 ) $ 154.1 $ 432.8 $ (268.7 ) $ 164.1 As of each period ended June 30, 2017 and December 31, 2016 , we had $6 million of indefinite-lived intangible assets that we acquired in connection with an acquisition (See Note 3 - “Business Acquisition”) related to in-process research and development projects. Amortization expense for intangible assets was $5 million and $11 million for the three and six months ended June 30, 2017 , respectively, compared to $5 million and $11 million for the three and six months ended June 30, 2016 , respectively. We estimate amortization expense for the remainder of 2017 and the following four years and beyond will be as follows (in millions): For the years ending December 31, 2017 $ 11.2 2018 19.0 2019 15.2 2020 13.0 2021 10.7 Thereafter 85.0 Total $ 154.1 Accrued Expenses Accrued expenses consist of the following (in millions): June 30, 2017 December 31, 2016 Accrued rebates $ 57.8 $ 55.7 Accrued salaries and wages 42.0 57.1 Accrued taxes - income and other 6.8 7.2 Other 30.8 31.3 Total $ 137.4 $ 151.3 Other Long-Term Liabilities Other long-term liabilities consist of the following (in millions): June 30, 2017 December 31, 2016 Taxes payable $ 3.4 $ 3.4 Accrued compensation benefits 10.2 9.7 Other 16.4 17.0 Total $ 30.0 $ 30.1

Business Acquisition

Business Acquisition	6 Months Ended
	Jun. 30, 2017
Business Combinations And Restructuring And Related Activities [Abstract]
Business Acquisition	Business Acquisition In May 2016 , Halyard acquired all of the issued and outstanding capital stock of Medsystems Holdings, Inc. (“Medsystems”) a Delaware corporation, for a purchase price of $175 million , net of cash acquired (the “Acquisition”). Medsystems owns and conducts its primary business through CORPAK Medsystems (Medsystems and CORPAK Medsystems hereinafter referred to as “Corpak”). The following table presents the unaudited pro forma information for the three and six months ended June 30, 2016 , as if the Acquisition had occurred on January 1, 2015 (in millions, except per share amounts): Three Months Six Months (Unaudited) (Unaudited) Net sales $ 404.5 $ 802.3 Net income 8.9 21.6 Earnings per share: Basic $ 0.19 $ 0.46 Diluted 0.19 0.46 The pro forma financial information has been adjusted to include the effects of the Acquisition, including acquisition-related costs, amortization of acquired intangibles, incremental interest expense and related tax effects. The pro forma financial information is not necessarily indicative of the results of operations that would have been achieved had the Acquisition taken place as of the indicated date. Upon Acquisition, we initiated activities to integrate the operations of Corpak into our company. These activities include, but are not limited to, integration of corporate functions, information technology and alignment with our operations. We have incurred costs related to the acquisition and integration activities, consisting primarily of severance and benefits, consulting, legal and other costs of $2 million and $3 million in the three and six months ended June 30, 2017 , respectively, compared to $6 million and $7 million in the three and six months ended June 30, 2016 , respectively. These costs are included in “Cost of products sold” and “Selling and general expenses” in the accompanying consolidated income statements. Restructuring In June 2016 , we initiated a restructuring plan to close the Corpak corporate headquarters and operating facility in Buffalo Grove, Illinois and consolidate operations into our existing corporate and operational facilities (the “Plan”). We expect the Plan to be substantially complete when production in Buffalo Groves shuts down by the end of the year. We expect to incur costs of $7 million related to this Plan, consisting primarily of severance and benefits, accelerated depreciation and lease termination costs. For the three and six months ended June 30, 2017 , the costs we have incurred related to the Plan were not material compared to $3 million for each of the three and six months ended June 30, 2016 . As of each period ended June 30, 2017 and December 31, 2016 , we had $3 million of severance and benefits accrued for employees impacted by the Plan in “Accrued liabilities” in the accompanying condensed consolidated balance sheets. Additional accruals and payments to employees in the three and six months ended June 30, 2017 were not material.

Fair Value Information

Fair Value Information	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Information	Fair Value Information The following fair value information is based on a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The three levels in the hierarchy used to measure fair value are: Level 1: Unadjusted quoted prices in active markets accessible at the reporting date for identical assets and liabilities. Level 2: Quoted prices for similar assets or liabilities in active markets. Quoted prices for identical or similar assets and liabilities in markets that are not considered active or financial instruments for which all significant inputs are observable, either directly or indirectly. Level 3: Prices or valuations that require inputs that are significant to the valuation and are unobservable. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. In the three and six months ended June 30, 2017 , there were no transfers among Level 1, 2 or 3 fair value determinations. The derivative liabilities for foreign exchange contracts were not material as of June 30, 2017 and $1 million as of December 31, 2016 and are included in the condensed consolidated balance sheet in accrued expenses. The derivative assets for foreign exchange contracts as of June 30, 2017 were $1 million . Derivative assets for foreign exchange contracts were not material as of December 31, 2016 . These derivatives are classified as Level 2 of the fair value hierarchy. The fair values of derivatives used to manage foreign currency risk is based on published quotations of spot currency rates and forward points, which are converted into implied forward currency rates. The following table includes the fair value of our financial instruments for which disclosure of fair value is required (in millions): June 30, 2017 December 31, 2016 Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets Cash and cash equivalents 1 $ 154.8 $ 154.8 $ 113.7 $ 113.7 Liabilities Senior Unsecured Notes 1 246.8 262.3 246.5 256.4 Senior Secured Term Loan 2 333.1 340.3 332.5 341.3 Cash equivalents are recorded at cost, which approximates fair value due to their short-term nature. The fair value of the senior unsecured notes was based on observable market prices based on trading activity on a primary exchange. The fair value of our senior secured term loan was based on observed trading prices in a secondary market.

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Debt	Debt As of June 30, 2017 and December 31, 2016 , our debt balances were as follows (in millions): Weighted-Average Interest Rate Maturities June 30, 2017 December 31, 2016 Senior Secured Term Loan 3.64 % 2021 $ 339.0 $ 339.0 Senior Unsecured Notes 6.25 % 2022 250.0 250.0 Total long-term debt 589.0 589.0 Unamortized Debt Discounts and Issuance Costs Senior Secured Term Loan (5.9 ) (6.5 ) Senior Unsecured Notes (3.2 ) (3.5 ) Total Debt, net $ 579.9 $ 579.0 Senior Secured Term Loan and Revolving Credit Facility The senior secured term loan (the “Term Loan Facility”) is under a credit agreement that also includes a senior secured revolving credit facility that matures on October 31, 2019 which allows for borrowings up to $250 million , with a letter of credit sub-facility in an amount of $75 million and a swingline sub-facility in an amount of $25 million (the “Revolving Credit Facility,” and together with the Term Loan Facility, the “Senior Credit Facilities”). The Senior Credit Facilities are secured by substantially all of our assets located in the United States and a certain percentage of our foreign subsidiaries’ capital stock. Unamortized debt discount and issuance costs are being amortized to interest expense over the life of the Term Loan Facility using the interest method, resulting in an effective interest rate of 4.23% as of June 30, 2017 . Borrowings under the Term Loan Facility bear interest, at our option, at either (i) a reserve-adjusted LIBOR rate, subject to a floor of 0.75% , plus 2.75% , or (ii) a base rate, subject to a floor of 0.75% , (calculated as the greatest of (1) the prime rate, (2) the U.S. federal funds effective rate plus 0.50% or (3) the one month LIBOR rate plus 1.00% ) plus 1.75% . As of June 30, 2017 , the interest rate in effect for the Term Loan Facility was 3.79% . Borrowings under the Revolving Credit Facility bear interest, at our option, at either (i) a reserve-adjusted LIBOR rate, plus a margin ranging between 1.75% to 2.50% per annum, depending on our consolidated total leverage ratio, or (ii) the base rate plus a margin ranging between 0.75% to 1.50% per annum, depending on our consolidated total leverage ratio. The unused portion of the Revolving Credit Facility is subject to a commitment fee equal to (i) 0.25% per annum, when our consolidated total leverage ratio is less than 2.25 to 1.00 or (ii) 0.40% per annum, otherwise. To the extent we remain in compliance with certain financial covenants in our credit agreement, we have the ability to access our Revolving Credit Facility. As of June 30, 2017 , we had no borrowings and letters of credit of $4 million outstanding under the Revolving Credit Facility. Senior Unsecured Notes The senior unsecured notes (the “Notes”) will mature on October 15, 2022 and interest accrues at a rate of 6.25% per annum and is payable semi-annually in arrears on April 15 and October 15 of each year. Unamortized debt discount and issuance costs are being amortized over the life of the Notes using the interest method, resulting in an effective interest rate of 6.53% as of June 30, 2017 .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income The changes in the components of Accumulated Other Comprehensive Income (“AOCI”), net of tax, are as follows (in millions): Unrealized Translation Defined Benefit Pension Plans Cash Flow Hedges Accumulated Other Comprehensive Income Balance, December 31, 2016 $ (48.7 ) $ (1.0 ) $ (0.4 ) $ (50.1 ) Other comprehensive income 14.5 0.2 1.1 15.8 Balance, June 30, 2017 $ (34.2 ) $ (0.8 ) $ 0.7 $ (34.3 ) The changes in the components of AOCI, including the tax effect, are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Unrealized translation $ 4.7 $ (2.0 ) $ 14.5 $ 3.5 Defined benefit pension plans — 0.1 0.2 0.1 Tax effect — — — — Defined benefit pension plans, net of tax — 0.1 0.2 0.1 Cash flow hedges 0.5 0.4 1.4 1.9 Tax effect (0.1 ) — (0.3 ) (0.4 ) Cash flow hedges, net of tax 0.4 0.4 1.1 1.5 Change in AOCI $ 5.1 $ (1.5 ) $ 15.8 $ 5.1

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Aggregate stock-based compensation expense for the three and six months ended June 30, 2017 was $5 million and $10 million , respectively, compared to $6 million and $9 million , respectively, for the three and six months ended June 30, 2016 . Stock-based compensation expense related to stock options was $2 million and $3 million , respectively, for the three and six months ended June 30, 2017 compared to $2 million and $3 million , respectively, for the three and six months ended June 30, 2016 . Expense related to time-based restricted share units was $1 million and $3 million , respectively, for the three and six months ended June 30, 2017 compared to $1 million and $4 million , respectively, for the three and six months ended June 30, 2016 . Stock-based compensation expense related to performance-based restricted share units, for which vesting is conditioned on meeting a defined measure of total shareholder return, was $2 million and $3 million , respectively, for the three and six months ended June 30, 2017 compared to $2 million and $2 million , respectively, for the three and six months ended June 30, 2016 .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies We are subject to various legal proceedings, claims and governmental inspections, audits or investigations pertaining to issues such as contract disputes, product liability, tax matters, patents and trademarks, advertising, governmental regulations, employment and other matters, including the matters described below. Under the terms of the distribution agreement we entered into with Kimberly-Clark Corporation (“Kimberly-Clark”) prior to our spin-off, legal proceedings, claims and other liabilities that are primarily related to our business are generally our responsibility and we are obligated to indemnify and hold Kimberly-Clark harmless for such matters, as defined by the distribution agreement and to the extent permitted by law and public policy (“Indemnification Obligation”). For the three and six months ended June 30, 2017 , we have incurred $6 million and $14 million , respectively, related to these matters compared to $6 million and $10 million , respectively, incurred in the three and six months ended June 30, 2016 . Chondrolysis Litigation An exception to our Indemnification Obligation relates to the pain pump litigation referenced in this paragraph. We are one of several manufacturers of continuous infusion medical devices, such as our ON-Q PAINBUSTER pain pumps, that are involved in several different pending or threatened litigation matters from multiple plaintiffs alleging that use of the continuous infusion device to deliver anesthetics directly into a synovial joint after surgery resulted in postarthroscopic glenohumeral chondrolysis, or a disintegration of the cartilage covering the bones in the joint (typically, in the shoulder). Plaintiffs generally seek monetary damages and attorneys’ fees. Although Kimberly-Clark generally retained the liabilities related to these matters, the distribution agreement between us and Kimberly-Clark provides that we will indemnify Kimberly-Clark for any such claims or causes of action arising after the Spin-off. Surgical Gown Litigation and Related Matters Bahamas Surgery Center We have an Indemnification Obligation for, and have assumed the defense of, the matter styled Bahamas Surgery Center, LLC v. Kimberly-Clark Corporation and Halyard Health, Inc., No. 2:14-cv-08390-DMG-SH (C.D. Cal.) ( “Bahamas” ), filed on October 29, 2014. In that case, the plaintiff brought a putative class action asserting claims for common law fraud (affirmative misrepresentation and fraudulent concealment) and violation of California’s Unfair Competition Law (“UCL”) in connection with our marketing and sale of MicroCool surgical gowns. On April 7, 2017, after a two-week trial, a jury returned a verdict for the plaintiff, finding that Kimberly-Clark was liable for $4 million in compensatory damages (not including prejudgment interest) and $350 million in punitive damages, and that Halyard was liable for $0.3 million in compensatory damages (not including prejudgment interest) and $100 million in punitive damages. Subsequently, the court also ruled on the plaintiff’s UCL claim and request for injunctive relief. The court found in favor of the plaintiff on the UCL claim but denied the plaintiff’s request for restitution. The court also denied the plaintiff’s request for injunctive relief. On May 25, we filed three post-trial motions: a renewed motion for judgment as a matter of law; a motion to decertify the class; and a motion for new trial, remittitur, or amendment of the judgment. The renewed motion for judgment as a matter of law seeks to have the court reverse the jury’s verdict in whole or in part because it was based on insufficient facts and/or did not correctly apply the law. The motion to decertify the class seeks to have the court decertify the class on the basis that the evidence at trial did not support the Court’s initial class certification order and therefore the case should not have proceeded as a class action. The motion for new trial, remittitur or amendment of the judgment seeks, among other relief, to have the court reduce the jury’s punitive damages award because it was not supported by the facts and was excessive in violation of due process under the U.S. Constitution. The U.S. Supreme Court has stated that the Constitutional outer limit for the ratio between punitive damages and compensatory damages in cases such as ours is approximately 9 to 1 or lower, and we believe that in a case such as ours that, if there is any award of punitive damages (a premise we dispute), the ratio should be 1 to 1. We intend to continue our vigorous defense of the Bahamas matter. Kimberly-Clark Corporation We have notified Kimberly-Clark that we have reserved our rights to challenge any purported obligation to indemnify Kimberly-Clark for the punitive damages awarded against them. In connection with our reservation of rights, on May 1, 2017, we filed a complaint in the matter styled Halyard Health, Inc. v. Kimberly-Clark Corporation , Case No. BC659662 (County of Los Angeles, Superior Court of California). In that case, we seek a declaratory judgment that we have no obligation, under the Distribution Agreement or otherwise, to indemnify, pay, reimburse, assume, or otherwise cover punitive damages assessed against Kimberly-Clark in Bahamas Surgery Center, LLC, et al. v. Kimberly-Clark Corporation and Halyard Health, Inc. , No. 14-CV-08390 (C.D. Cal., originally filed on October 29, 2014), or any Expenses or Losses (as defined in the distribution agreement) associated with an award of punitive damages. On May 2, 2017, Kimberly-Clark filed a complaint in the matter styled Kimberly-Clark Corporation v. Halyard Health, Inc., Case No. 2017-0332-AGB (Court of Chancery of the State of Delaware). In that case, Kimberly-Clark seeks a declaratory judgment that (1) we must indemnify them for all damages, including punitive damages, assessed against them in the Bahamas matter, (2) we have anticipatorily and materially breached the Distribution Agreement by our failure to indemnify them, and (3) we are estopped from asserting, or have otherwise waived, any claim that we are not required to indemnify them for all damages, including punitive damages, that may be awarded in the Bahamas matter. On May 26, 2017, we moved to dismiss or stay Kimberly-Clark’s complaint, and on June 16, 2017, Kimberly-Clark moved for summary judgment. We intend to vigorously pursue our case against Kimberly-Clark and to vigorously defend against their case against us. Government Investigation In June 2015, we were served with a subpoena from the Department of Veterans Affairs Office of the Inspector General (“VA OIG”) seeking information related to the design, manufacture, testing, sale and promotion of MicroCool and other Company surgical gowns, and, in July 2015, we also became aware that the subpoena and an earlier VA OIG subpoena served on Kimberly-Clark requesting information about gown sales to the federal government are related to a United States Department of Justice (“DOJ”) investigation. In May 2016 and April 2017, we received additional subpoenas from the DOJ seeking further information related to Company gowns. The Company is cooperating with the DOJ investigation. Shahinian and Edgett On October 12, 2016, after the DOJ and various States declined to intervene in two qui tam matters, both matters were unsealed and the complaints were subsequently served on Kimberly-Clark and Halyard, as applicable. One of those matters is U.S. ex rel. Shahinian, et al. v. Kimberly-Clark Corporation, No. 2:14-cv-08313-JAK-JPR (C. D. Cal.) (“ Shahinian” ), filed on October 27, 2014. The other matter is U.S. ex rel. Edgett, et al. v. Kimberly-Clark Corporation, Halyard Health, Inc., et al, No. 3:15-cv-00434-B (N.D. Tex.) ( “Edgett” ), filed on February 9, 2015. Both cases allege, among other things, violations of the federal and various state False Claims Acts in connection with the marketing and sale of certain surgical gowns. On March 8, 2017, Kimberly-Clark moved to dismiss the Shahinian complaint, and on July 14, 2017, the court granted Kimberly-Clark’s motion while also granting the plaintiff leave to amend his complaint on or before July 28, 2017. The plaintiff then filed an amended complaint on July 28, 2017. On May 17, 2017, Kimberly-Clark and Halyard moved to dismiss the Edgett complaint. We may have an Indemnification Obligation for the two matters under the distribution agreement with Kimberly-Clark and have notified Kimberly-Clark that we reserve our rights to challenge the obligation to indemnify Kimberly-Clark for any damages or penalties which are not indemnifiable under applicable law or public policy. We intend to vigorously defend these claims. Kromenaker On March 17, 2017, the DOJ submitted a filing declining to intervene in another qui tam matter, and the complaint was unsealed and subsequently served on Kimberly-Clark and Halyard. That matter is styled U.S. ex rel. Kromenaker v. Kimberly-Clark Corporation and Halyard Health, Inc., No. 1:15-cv-04413-SCJ (N. D. Ga.) (“Kromenaker”), filed on December 21, 2015. In that case, the plaintiff alleges, among other things, violations of the federal False Claims Act in connection with the marketing and sale of certain products, including feminine hygiene products, surgical gowns and endotracheal tubes. On June 12, Kimberly-Clark and Halyard moved to dismiss the Kromenaker complaint. We are evaluating the extent to which we may have an Indemnification Obligation for certain parts of this matter under the distribution agreement with Kimberly-Clark. We intend to vigorously defend this matter. Jackson We were served with a complaint in a matter styled Jackson v. Halyard Health, Inc., Robert E. Abernathy, Steven E. Voskuil, et al., No. 1:16-cv-05093-LTS (S.D.N.Y.), filed on June 28, 2016. In that case, the plaintiff brings a putative class action against the Company, our Chief Executive Officer, our Chief Financial Officer and other defendants, asserting claims for violations of the Securities Exchange Act, Sections 10(b) and 20(a). The plaintiff alleges that the defendants made misrepresentations and failed to disclose certain information about the safety and effectiveness of our MicroCool gowns and thereby artificially inflated the Company’s stock prices during the respective class periods. The alleged class period for purchasers of Kimberly-Clark securities who subsequently received Halyard Health securities is February 25, 2013 to October 21, 2014, and the alleged class period for purchasers of Halyard Health securities is October 21, 2014 to April 29, 2016. On February 16, 2017, we moved to dismiss the case. We intend to continue our vigorous defense of this matter. Richardson and Chiu We were also served with a complaint in a matter styled Margaret C. Richardson Trustee of the Survivors Trust Dated 6/12/84 for the Benefit of the H&M Richardson Revocable Trust v. Robert E. Abernathy, Steven E. Voskuil, et al., No. 1:16-cv-06296 (S. D. N. Y.) ( “Richardson” ), filed on August 9, 2016. In that case, the plaintiff sues derivatively on behalf of Halyard Health, Inc., and alleges that the defendants breached their fiduciary duty, were unjustly enriched, and violated Section 14(A) of the Securities and Exchange Act in connection with Halyard Health, Inc.’s marketing and sale of MicroCool gowns. We were also served with a complaint in a matter styled Kai Chiu v. Robert E. Abernathy, Steven E. Voskuil, et al , No. 2:16-cv-08768 (C.D. Cal.), filed on November 23, 2016. In that case, the plaintiff sues derivatively on behalf of Halyard Health, Inc., and makes allegations and brings causes of action similar to those in Richardson , but the plaintiff also adds causes of action for abuse of control, gross mismanagement, and waste of corporate assets. We intend to vigorously defend these matters. Medline Industries We were also served with a complaint in the matter styled Medline Industries, Inc. v. Kimberly-Clark Corporation, Halyard Health, Inc., et al. , No. 2:16-cv-08571 (C. D. Cal.), filed on November 17, 2016. In that case, the plaintiff makes allegations similar to those in Bahamas , Shahinian , and Edgett , and brings causes of action under federal and state false advertising laws and state unfair competition laws. On March 31, 2017 we moved to dismiss certain of Medline’s claims and to transfer any surviving claims from California to Georgia. On June 2, the court granted our motion to transfer the case to Georgia and denied without prejudice our motion to dismiss. On June 30, now before the court in Georgia and with the case re-styled as Medline Industries, Inc. v. Kimberly-Clark Corporation, Halyard Health, Inc., et al. , No. 1:17-cv-02032 (N. D. Ga.), Kimberly-Clark and Halyard filed renewed motions to dismiss certain of Medline’s claims. We may have an Indemnification Obligation for this matter under the distribution agreement with Kimberly-Clark and have notified Kimberly-Clark that we reserve our rights to challenge the obligation to indemnify Kimberly-Clark for any damages or penalties which are not indemnifiable under applicable law or public policy. We intend to vigorously defend this matter. Naeyaert On April 13, 2017, Kimberly-Clark was served with a complaint in the matter styled Christopher Naeyaert v. Kimberly-Clark Corporation, et al., No. PSC 1603503 (County of Riverside, Superior Court of California), filed on July 21, 2016. In that case, the plaintiff makes allegations similar to those in Bahamas and brings causes of action similar to those in Bahamas, except the allegations and causes of action relate to the Ultra surgical gown. On June 5, 2017, Kimberly-Clark moved to dismiss the complaint. We may have an Indemnification Obligation for this matter under the distribution agreement with Kimberly-Clark and have notified Kimberly-Clark that we reserve our rights to challenge the obligation to indemnify Kimberly-Clark for any damages or penalties which are not indemnifiable under applicable law or public policy. We intend to vigorously defend this matter. Patent Litigation We operate in an industry characterized by extensive patent litigation and competitors may claim that our products infringe upon their intellectual property. Resolution of patent litigation or other intellectual property claims is typically time consuming and costly and can result in significant damage awards and injunctions that could prevent the manufacture and sale of the affected products or require us to make significant royalty payments in order to continue selling the affected products. At any given time we may be involved as either a plaintiff or a defendant in a number of patent infringement actions, the outcomes of which may not be known for prolonged periods of time. General While we maintain general and professional liability, product liability and other insurance, our insurance policies may not cover all of these matters and may not fully cover liabilities arising out of these matters. In addition, we may be obligated to indemnify our directors and officers against these matters. Although the results of litigation and claims cannot be predicted with certainty, we believe that the ultimate resolution of these matters will not materially impact our liquidity, access to capital markets or ability to conduct our daily operations. As of June 30, 2017 , we have an accrued liability for the matters described herein. The accrued liability is included in “Accrued Expenses” in the accompanying condensed consolidated balance sheet. Our estimate of these liabilities is based on facts and circumstances existing at this time, along with other variables. Factors that may affect our estimate include, but are not limited to: (i) changes in the number of lawsuits filed against us, including the potential for similar, duplicate or “copycat” lawsuits filed in multiple jurisdictions, including lawsuits that bring causes or action or allege violations of law with regard to additional products; (ii) changes in the legal costs of defending such claims; (iii) changes in the nature of the lawsuits filed against us, (iv) changes in the applicable law governing any legal claims against us; (v) a determination that our assumptions used in estimating the liability are no longer reasonable; and (vi) the uncertainties associated with the judicial process, including adverse judgments rendered by courts or juries. Thus, the actual amount of these liabilities for existing and future claims could be different than the accrued amount. Additionally, the above matters, regardless of the outcome, could disrupt our business and result in substantial costs and diversion of management attention. Environmental Compliance We are subject to federal, state and local environmental protection laws and regulations with respect to our business operations and are operating in compliance with, or taking action aimed at ensuring compliance with, these laws and regulations. None of our compliance obligations with environmental protection laws and regulations, individually or in the aggregate, is expected to have a material adverse effect on our business, financial condition, results of operations or liquidity.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The derivative liabilities for foreign exchange contracts were not significant as of June 30, 2017 and were $1 million as of December 31, 2016 , and are included in the condensed consolidated balance sheet in accrued expenses. The derivative assets for foreign exchange contracts as of June 30, 2017 were $1 million . Derivative assets for foreign exchange contracts were not significant as of December 31, 2016 . For derivative instruments that are designated and qualify as cash flow hedges, gains or losses recognized in earnings were not significant in the three and six months ended June 30, 2017 and 2016 . As of June 30, 2017 , the aggregate notional values of outstanding foreign exchange derivative contracts designated as cash flow hedges were $34 million . Cash flow hedges resulted in no significant ineffectiveness in the three and six months ended June 30, 2017 and 2016 . For the three and six months ended June 30, 2017 and 2016 , no gains or losses were reclassified into earnings as a result of the discontinuance of cash flow hedges due to the original forecasted transaction no longer being probable of occurring. At June 30, 2017 , amounts to be reclassified from AOCI during the next twelve months are not expected to be significant. The maximum maturity of cash flow hedges in place at June 30, 2017 is June 2018 . Gains or losses on undesignated foreign exchange hedging instruments are immediately recognized in other income and expense, net. These gains or losses have not been significant for the three and six months ended June 30, 2017 and 2016 . The effect on earnings from the use of these non-designated derivatives is substantially neutralized by the transactional gains and losses recorded on the underlying assets and liabilities. As of June 30, 2017 , the notional amount of these undesignated derivative instruments was $28 million .

Earnings Per Share ("EPS")

Earnings Per Share ("EPS")	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings Per Share (“EPS”)	Earnings Per Share (“EPS”) Basic EPS is calculated by dividing net income by the weighted average number of common shares outstanding during each period. Diluted earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding and the effect of all dilutive common stock equivalents outstanding during each period, as determined using the treasury stock method. The calculation of basic and diluted earnings per share for the three months ended June 30, 2017 and 2016 is set forth in the following table (in millions, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net income $ 17.1 $ 6.5 $ 29.9 $ 20.7 Weighted Average Shares Outstanding: Basic weighted average shares outstanding 46.7 46.7 46.7 46.6 Dilutive effect of stock options and restricted share unit awards 0.6 0.2 0.6 0.2 Diluted weighted average shares outstanding 47.3 46.9 47.3 46.8 Earnings Per Share Basic $ 0.37 $ 0.14 $ 0.64 $ 0.44 Diluted $ 0.36 $ 0.14 $ 0.63 $ 0.44 Restricted share units (“RSUs”) contain provisions allowing for the equivalent of any dividends paid on common stock during the restricted period to be reinvested into additional RSUs at the then fair market value of the common stock on the date the dividends are paid. Such awards are to be included in the EPS calculation under the two-class method. Currently, we do not anticipate any cash dividends for the foreseeable future and our outstanding RSU awards are not material in comparison to our weighted average shares outstanding. Accordingly, all EPS amounts reflect shares as if they were fully vested and the disclosures associated with the two-class method are not presented herein. For each of the three and six months ended June 30, 2017 , one million of potentially dilutive stock options and restricted share unit awards were excluded from the computation of earnings per share as their effect would have been anti-dilutive.

Business Segment Information

Business Segment Information	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Business Segment Information	Business Segment Information Information concerning unaudited consolidated operations by business segment is presented in the following table (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net Sales Medical Devices $ 149.1 $ 141.5 $ 295.0 $ 268.2 S&IP 246.5 256.7 493.9 511.4 Corporate and Other 3.6 1.8 5.9 5.2 Total Net Sales 399.2 400.0 794.8 784.8 Operating Profit Medical Devices 40.7 29.0 78.7 58.7 S&IP 15.1 25.1 33.3 49.7 Corporate and Other (a) (21.1 ) (30.8 ) (43.6 ) (50.1 ) Other expense, net (b) (5.5 ) (5.7 ) (12.9 ) (7.6 ) Total Operating Profit 29.2 17.6 55.5 50.7 Interest income 0.5 0.1 0.9 0.3 Interest expense (7.8 ) (8.3 ) (15.4 ) (16.3 ) Income before Income Taxes $ 21.9 $ 9.4 $ 41.0 $ 34.7 ______________________________ (a) Corporate and Other for the three and six months ended June 30, 2017 includes $21 million and $40 million , respectively, of general expenses, $2 million and $3 million , respectively, of acquisition-related expenses (see Note 3 , “Business Acquisition”), $2 million and $1 million net benefit, respectively from post spin-related transition items and $0 million and $1 million , respectively, of costs related to corporate sales. Corporate and Other for the three and six months ended June 30, 2016 includes $17 million and $32 million , respectively, of general expenses, $9 million and $10 million , respectively, of acquisition-related expenses, $2 million and $5 million , respectively, of post spin-related transition expenses, and $2 million and $3 million , respectively, of costs related to corporate sales. (b) Other expense includes amounts incurred related to litigation matters. See Note 8 , “Commitments and Contingencies.”

Supplemental Guarantor Financia

Supplemental Guarantor Financial Information	6 Months Ended
	Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Financial Information	Supplemental Guarantor Financial Information In October 2014, Halyard Health, Inc. (referred to below as “Parent”) issued the Notes (described in Note 5 , “Debt”). The Notes are guaranteed, jointly and severally by each of our domestic subsidiaries that guarantees the Senior Credit Facilities (each, a “Guarantor Subsidiary” and collectively, the “Guarantor Subsidiaries”). The guarantees are full and unconditional, subject to certain customary release provisions as defined in the Indenture dated October 17, 2014 . Each Guarantor Subsidiary is directly or indirectly 100% -owned by Halyard Health, Inc. Each of the guarantees of the Notes is a general unsecured obligation of each Guarantor Subsidiary and ranks equally in right of payment with all existing and future indebtedness and all other obligations (except subordinated indebtedness) of each Guarantor Subsidiary. The following condensed consolidating balance sheets as of June 30, 2017 and December 31, 2016 , the condensed consolidating statements of income for the three and six months ended June 30, 2017 and 2016 and condensed consolidating statements of cash flows for the six months ended June 30, 2017 and 2016 provide condensed consolidating financial information for Halyard Health, Inc. (“Parent”), the Guarantor Subsidiaries on a combined basis, the non-guarantor subsidiaries on a combined basis and the Parent and its subsidiaries on a consolidated basis. The Parent and the Guarantor Subsidiaries use the equity method of accounting to reflect ownership interests in subsidiaries that are eliminated upon consolidation. Eliminating entries in the following condensed consolidating financial information represent adjustments to (i) eliminate intercompany transactions between or among the Parent, the Guarantor Subsidiaries and the non-guarantor subsidiaries and (ii) eliminate the investments in subsidiaries. HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING INCOME AND COMPREHENSIVE INCOME STATEMENTS (in millions) Three Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 366.2 $ 128.3 $ (95.3 ) $ 399.2 Cost of products sold — 251.0 98.9 (95.3 ) 254.6 Gross Profit — 115.2 29.4 — 144.6 Research and development — 9.8 — — 9.8 Selling and general expenses 9.7 75.7 14.7 — 100.1 Other (income) and expense, net (0.4 ) 9.2 (3.3 ) — 5.5 Operating (Loss) Profit (9.3 ) 20.5 18.0 — 29.2 Interest income 0.2 — 1.1 (0.8 ) 0.5 Interest expense (8.0 ) (0.5 ) (0.1 ) 0.8 (7.8 ) (Loss) Income Before Income Taxes (17.1 ) 20.0 19.0 — 21.9 Income tax benefit (provision) 6.0 (8.2 ) (2.6 ) — (4.8 ) Equity in earnings of consolidated subsidiaries 28.2 9.9 — (38.1 ) — Net Income 17.1 21.7 16.4 (38.1 ) 17.1 Total other comprehensive income, net of tax 5.1 3.4 5.2 (8.6 ) 5.1 Comprehensive Income $ 22.2 $ 25.1 $ 21.6 $ (46.7 ) $ 22.2 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING INCOME AND COMPREHENSIVE INCOME STATEMENTS (in millions) Three Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 372.3 $ 110.8 $ (83.1 ) $ 400.0 Cost of products sold — 247.7 94.7 (83.1 ) 259.3 Gross Profit — 124.6 16.1 — 140.7 Research and development — 9.5 — — 9.5 Selling and general expenses 11.1 81.5 15.3 — 107.9 Other (income) and expense, net (0.3 ) 12.1 (6.1 ) — 5.7 Operating (Loss) Profit (10.8 ) 21.5 6.9 — 17.6 Interest income 0.1 — 0.7 (0.7 ) 0.1 Interest expense (8.4 ) (0.6 ) — 0.7 (8.3 ) (Loss) Income Before Income Taxes (19.1 ) 20.9 7.6 — 9.4 Income tax benefit (provision) 7.2 (8.7 ) (1.4 ) — (2.9 ) Equity in earnings of consolidated subsidiaries 18.4 7.7 — (26.1 ) — Net Income 6.5 19.9 6.2 (26.1 ) 6.5 Total other comprehensive loss, net of tax (1.5 ) (0.5 ) (2.9 ) 3.4 (1.5 ) Comprehensive Income $ 5.0 $ 19.4 $ 3.3 $ (22.7 ) $ 5.0 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING INCOME AND COMPREHENSIVE INCOME STATEMENTS (in millions) Six Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 732.2 $ 238.9 $ (176.3 ) $ 794.8 Cost of products sold — 489.4 194.2 (176.3 ) 507.3 Gross Profit — 242.8 44.7 — 287.5 Research and development — 17.8 — — 17.8 Selling and general expenses 19.7 151.7 29.9 — 201.3 Other (income) and expense, net (0.2 ) 18.8 (5.7 ) — 12.9 Operating (Loss) Profit (19.5 ) 54.5 20.5 — 55.5 Interest income 0.4 — 2.1 (1.6 ) 0.9 Interest expense (15.8 ) (1.1 ) (0.1 ) 1.6 (15.4 ) (Loss) Income Before Income Taxes (34.9 ) 53.4 22.5 — 41.0 Income tax benefit (provision) 12.7 (20.2 ) (3.6 ) — (11.1 ) Equity in earnings of consolidated subsidiaries 52.1 13.0 — (65.1 ) — Net Income 29.9 46.2 18.9 (65.1 ) 29.9 Total other comprehensive income, net of tax 15.8 11.9 14.9 (26.8 ) 15.8 Comprehensive Income $ 45.7 $ 58.1 $ 33.8 $ (91.9 ) $ 45.7 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING INCOME AND COMPREHENSIVE INCOME STATEMENTS (in millions) Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 723.5 $ 213.6 $ (152.3 ) $ 784.8 Cost of products sold — 479.9 180.0 (152.3 ) 507.6 Gross Profit — 243.6 33.6 — 277.2 Research and development — 18.2 — — 18.2 Selling and general expenses 20.7 150.8 29.2 — 200.7 Other (income) and expense, net (0.4 ) 20.0 (12.0 ) — 7.6 Operating (Loss) Profit (20.3 ) 54.6 16.4 — 50.7 Interest income 0.2 — 1.3 (1.2 ) 0.3 Interest expense (16.5 ) (1.0 ) — 1.2 (16.3 ) (Loss) Income Before Income Taxes (36.6 ) 53.6 17.7 — 34.7 Income tax benefit (provision) 13.8 (20.0 ) (7.8 ) — (14.0 ) Equity in earnings of consolidated subsidiaries 43.5 12.4 — (55.9 ) — Net Income 20.7 46.0 9.9 (55.9 ) 20.7 Total other comprehensive income, net of tax 5.1 4.5 2.7 (7.2 ) 5.1 Comprehensive Income $ 25.8 $ 50.5 $ 12.6 $ (63.1 ) $ 25.8 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS (in millions) As of June 30, 2017 Parent Guarantor Non-Guarantor Eliminations Consolidated ASSETS Current Assets Cash and cash equivalents $ 89.7 $ 15.5 $ 49.6 $ — $ 154.8 Accounts receivable, net of allowances 1.6 602.0 260.3 (679.8 ) 184.1 Inventories — 251.7 44.5 — 296.2 Prepaid expenses and other current assets 7.2 9.1 3.4 — 19.7 Total Current Assets 98.5 878.3 357.8 (679.8 ) 654.8 Property, Plant and Equipment, net — 212.9 46.8 — 259.7 Investment in Consolidated Subsidiaries 2,108.2 352.0 — (2,460.2 ) — Goodwill — 995.9 35.0 — 1,030.9 Other Intangible Assets, net — 150.6 9.2 — 159.8 Other Assets 0.8 8.1 10.8 — 19.7 TOTAL ASSETS $ 2,207.5 $ 2,597.8 $ 459.6 $ (3,140.0 ) $ 2,124.9 LIABILITIES AND EQUITY Current Liabilities Trade accounts payable $ 463.6 $ 344.9 $ 49.2 $ (673.3 ) $ 184.4 Accrued expenses 5.0 110.8 28.1 (6.5 ) 137.4 Total Current Liabilities 468.6 455.7 77.3 (679.8 ) 321.8 Long-Term Debt 579.9 — — — 579.9 Other Long-Term Liabilities 2.2 54.1 10.1 — 66.4 Total Liabilities 1,050.7 509.8 87.4 (679.8 ) 968.1 Total Equity 1,156.8 2,088.0 372.2 (2,460.2 ) 1,156.8 TOTAL LIABILITIES AND EQUITY $ 2,207.5 $ 2,597.8 $ 459.6 $ (3,140.0 ) $ 2,124.9 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS (in millions) As of December 31, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current Assets Cash and cash equivalents $ 54.2 $ 9.5 $ 50.0 $ — $ 113.7 Accounts receivable, net of allowances 3.1 552.5 241.5 (607.0 ) 190.1 Inventories — 231.1 41.4 — 272.5 Prepaid expenses and other current assets 5.0 10.5 2.0 (0.3 ) 17.2 Total Current Assets 62.3 803.6 334.9 (607.3 ) 593.5 Property, Plant and Equipment, net — 217.3 43.5 — 260.8 Investment in Consolidated Subsidiaries 2,029.5 328.7 — (2,358.2 ) — Goodwill — 993.8 35.2 — 1,029.0 Other Intangible Assets, net — 161.1 8.7 — 169.8 Other Assets 1.0 7.8 9.9 — 18.7 TOTAL ASSETS $ 2,092.8 $ 2,512.3 $ 432.2 $ (2,965.5 ) $ 2,071.8 LIABILITIES AND EQUITY Current Liabilities Trade accounts payable $ 398.3 $ 328.9 $ 47.8 $ (601.9 ) $ 173.1 Accrued expenses 11.1 113.8 31.8 (5.4 ) 151.3 Total Current Liabilities 409.4 442.7 79.6 (607.3 ) 324.4 Long-Term Debt 579.0 — — — 579.0 Other Long-Term Liabilities 1.9 54.4 9.6 — 65.9 Total Liabilities 990.3 497.1 89.2 (607.3 ) 969.3 Total Equity 1,102.5 2,015.2 343.0 (2,358.2 ) 1,102.5 TOTAL LIABILITIES AND EQUITY $ 2,092.8 $ 2,512.3 $ 432.2 $ (2,965.5 ) $ 2,071.8 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in millions) Six Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Operating Activities Cash (Used in) Provided by Operating Activities $ (21.1 ) $ 73.7 $ 4.1 $ — $ 56.7 Investing Activities Capital expenditures — (13.0 ) (3.6 ) — (16.6 ) Proceeds from property dispositions — 0.1 — — 0.1 Intercompany contributions — (55.1 ) — 55.1 — Cash Used in Investing Activities — (68.0 ) (3.6 ) 55.1 (16.5 ) Financing Activities Intercompany contributions 57.8 — (2.7 ) (55.1 ) — Purchase of treasury stock (2.0 ) — — — (2.0 ) Proceeds from the exercise of stock options 0.8 — — — 0.8 Cash Provided by (Used in) Financing Activities 56.6 — (2.7 ) (55.1 ) (1.2 ) Effect of Exchange Rate on Cash and Cash Equivalents — 0.3 1.8 — 2.1 Increase (Decrease) in Cash and Cash Equivalents 35.5 6.0 (0.4 ) — 41.1 Cash and Cash Equivalents, Beginning of Period 54.2 9.5 50.0 — 113.7 Cash and Cash Equivalents, End of Period $ 89.7 $ 15.5 $ 49.6 $ — $ 154.8 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in millions) Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Operating Activities Cash (Used in) Provided by Operating Activities $ (7.5 ) $ 85.5 $ 16.0 $ — $ 94.0 Investing Activities Capital expenditures — (11.6 ) (2.5 ) — (14.1 ) Acquisition of business, net of cash acquired (175.1 ) — — — (175.1 ) Intercompany contributions 0.5 (65.0 ) 1.8 62.7 — Cash Used in Investing Activities (174.6 ) (76.6 ) (0.7 ) 62.7 (189.2 ) Financing Activities Intercompany contributions 62.3 — (2.1 ) (60.2 ) — Line of credit facility proceeds 72.0 — — — 72.0 Line of credit facility repayments (27.0 ) — — — (27.0 ) Purchase of treasury stock (0.9 ) — — — (0.9 ) Cash Provided by (Used in) Financing Activities 106.4 — (2.1 ) (60.2 ) 44.1 Effect of Exchange Rate on Cash and Cash Equivalents — 0.4 0.4 — 0.8 (Decrease) Increase in Cash and Cash Equivalents (75.7 ) 9.3 13.6 2.5 (50.3 ) Cash and Cash Equivalents, Beginning of Period 92.3 — 39.7 (2.5 ) 129.5 Cash and Cash Equivalents, End of Period $ 16.6 $ 9.3 $ 53.3 $ — $ 79.2

Accounting Policies (Policies)

Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Policies [Abstract]
Background and Basis of Presentation and Interim Financial Statements	Background and Basis of Presentation Halyard Health, Inc. is a medical technology company focused on eliminating pain, speeding recovery and preventing infection for healthcare providers and patients. We are committed to addressing some of today’s most important healthcare needs, such as reducing the use of opioids while helping patients move from surgery to recovery. We operate in two reportable business segments: Medical Devices and Surgical and Infection Prevention (“S&IP”). References to “Halyard,” “Company,” “we,” “our” and “us” refer to Halyard Health, Inc. Interim Financial Statements We prepared the accompanying condensed consolidated financial statements according to accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to the Quarterly Report on Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements and the condensed consolidated financial statements in this Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2016 . Our unaudited interim condensed consolidated financial statements contain all necessary material adjustments, which are of a normal and recurring nature, to fairly state our financial condition, results of operations and cash flows for the periods presented.
Use of Estimates	Use of Estimates Preparation of our condensed consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of net sales and expenses during the reporting periods. Estimates are used in accounting for, among other things, distributor rebate accruals, future cash flows associated with impairment testing for goodwill and long-lived assets, loss contingencies, and deferred tax assets and potential income tax assessments. Actual results could differ from these estimates, and the effect of the change could be material to our financial statements. Changes in these estimates are recorded when known.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements Effective January 1, 2017 , we adopted Accounting Standards Update (“ASU”) No. 2016-09, Improvements to Employee Share-Based Payment Accounting, and elected to account for forfeitures as they occur rather than applying an estimated forfeiture rate. The adoption of this ASU did not have a material effect on our financial position, results of operations or cash flows . Recently Issued Accounting Pronouncements In May 2017 , the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-09, Stock Compensation - Scope of Modification Accounting. This ASU is intended to provide clarity and reduce both (i) diversity in practice and (ii) cost and complexity when applying the modification accounting guidance in Topic 718, Compensation - Stock Compensation. Specifically, modification accounting is applied to any changes in stock-based awards unless (i) the fair value of the modified award is the same as the fair value of the original award immediately before modification, (ii) the vesting conditions of the modified award are the same as the original award before modification and (iii) the equity or liability classification of the modified award is the same as the original award. This ASU is to be prospectively applied for annual periods, and interim periods within those annual periods beginning after December 15, 2017 , with early adoption permitted for any interim period for which financial statements have not yet been issued. As this ASU is intended to bring consistency in practice but does not change any fair value measurement methodologies, it is not expected to have a material effect on our financial position, results of operations and cash flows. In March 2017 , the Financial Accounting Standards Board (“FASB”) issued ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post Retirement Benefit Cost. This ASU requires that current service cost be reported in the same line item as other compensation costs arising from services rendered by employees during the period. The other components of net benefit cost are to be presented separately in the income statement and below operating income, if operating income is presented. This ASU is effective for annual periods, and interim periods within those annual periods beginning after December 15, 2017 , with retrospective application required. Earlier adoption is permitted in any interim or annual period for which financial statements have not yet been issued. The adoption of this ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In January 2017 , the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment, that replaces the existing two-step goodwill impairment test with a simplified one-step process. This ASU provides that goodwill impairment will be measured as the excess of the reporting unit’s carrying amount over its fair value and abandons the second step that requires the measurement of goodwill impairment by comparing the implied value of a reporting unit’s goodwill to the goodwill’s carrying amount. This ASU is to be adopted prospectively for goodwill impairment tests in fiscal years beginning after December 15, 2019 , with early adoption permitted for goodwill impairment testing dates after January 1, 2017 . We plan to adopt this ASU beginning with our next annual goodwill impairment test as of July 1, 2017 . Adoption of this ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In January 2017 , the FASB issued ASU 2017-01, Clarifying the Definition of a Business, which provides guidance in evaluating whether transactions involve the acquisition (or disposal) of assets or a business. A business has been defined as having three elements: inputs, processes and outputs. While an integrated set of assets and activities (a “set”) that is a business usually has outputs, outputs are not required to be present. Additionally, the inputs and processes that a seller uses in operating a set are not required if market participants can acquire the set and continue to produce outputs. This ASU provides a screen to determine when a set is not a business. The screen requires that when substantially all of the fair value of the gross assets acquired (or disposed) is concentrated in a single identifiable asset or group of similar identifiable assets, the set is not a business. It is expected that this ASU will reduce the number of transactions that are treated as business combinations. This ASU is to be adopted prospectively for annual periods, and interim periods within those annual periods beginning after December 15, 2017 . Adoption of the ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In August 2016 , the FASB issued ASU No. 2016-15, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments. This ASU provides guidance on the presentation and classification of certain specific cash receipts and payments in the statement of cash flows and is intended to reduce diversity in practice. This ASU is effective for annual periods, and interim periods within those annual periods beginning after December 15, 2017 , but earlier adoption is permitted. This ASU is to be adopted using a retrospective transition method to each period presented. Adoption of this ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In February 2016 , the FASB issued ASU No. 2016-02, Leases. This ASU requires the recognition of assets and liabilities for leases with lease terms of more than twelve months . The recognition, measurement and presentation of expenses and cash flows arising from a lease will depend primarily on its classification as a finance or an operating lease, with the classification criteria for distinguishing between the two being similar to the classification criteria for distinguishing between capital and operating leases under current GAAP. However, unlike current GAAP, recognition of finance and operating leases on the balance sheet is required, and additional disclosures are required to help financial statement users to better understand the amount, timing and uncertainty of cash flows arising from leases. This ASU requires modified retrospective application for existing leases. This ASU will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018 , however, earlier application is permitted. The adoption of this ASU will require us to recognize assets and liabilities for operating leases we have entered into for our principal executive offices as well as certain warehouse, manufacturing and distribution facilities globally. We have not yet determined the impact recognition of such assets and liabilities will have on our financial position, results of operations and cash flows. In January 2016 , the FASB issued ASU No. 2016-01, Recognition and Measurement of Financial Assets and Liabilities. This ASU requires equity investments, except those accounted for under the equity method or those that result in consolidation of the equity investee, to be measured at fair value with changes in fair value recognized in net income. However, equity investments without readily determinable fair values may be measured at cost less impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments in the same issuer. In addition, this ASU provides for a qualitative impairment assessment for equity investments that do not have readily determinable fair values. This ASU also clarifies that entities should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This ASU should be applied by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. The provisions related to equity investments that do not have readily determinable fair values should be applied prospectively to such equity investments that exist as of the date of adoption. This ASU will be effective for fiscal years, and interim periods within those fiscal years beginning after December 15, 2017 . Early adoption of this ASU is permitted. The adoption of this ASU is not expected to have a material effect on our financial position, results of operations or cash flows. In May 2014 , the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers , which, along with subsequent amendments, provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most current revenue recognition guidance. ASU 2014-09 provides for a principles-based, five-step approach to measure and recognize revenue from contracts with customers. ASU 2014-09 is effective for public entities for annual and interim periods beginning after December 15, 2017 . Early adoption for periods beginning after December 15, 2016 is permitted. The guidance permits two implementation approaches, one requiring retrospective application with restatement of prior years and one requiring prospective application with disclosure of results under old standards. Based on the results of our review to date, we do not expect a material effect on our financial position, results of operations or cash flows. We will continue to evaluate the accounting and disclosure requirements along with any changes, modifications or interpretations that may affect our current conclusion. We expect to apply this ASU using the modified retrospective method.

Supplemental Balance Sheet In20

Supplemental Balance Sheet Information (Tables)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of accounts receivable	Accounts receivable consist of the following (in millions): June 30, 2017 December 31, 2016 Accounts receivable $ 185.7 $ 191.6 Allowances and doubtful accounts (1.6 ) (1.5 ) Accounts receivable, net $ 184.1 $ 190.1
Schedule of inventories	Inventories at the lower of cost (determined on the LIFO/FIFO or weighted-average cost methods) or market consist of the following (in millions): June 30, 2017 December 31, 2016 LIFO Non- Total LIFO Non- Total Raw materials $ 51.0 $ 2.9 $ 53.9 $ 45.8 $ 2.3 $ 48.1 Work in process 56.0 0.8 56.8 50.6 0.3 50.9 Finished goods 138.9 42.0 180.9 130.8 40.5 171.3 Supplies and other — 14.9 14.9 — 12.8 12.8 245.9 60.6 306.5 227.2 55.9 283.1 Excess of FIFO or weighted-average cost over LIFO cost (10.3 ) — (10.3 ) (10.6 ) — (10.6 ) Total $ 235.6 $ 60.6 $ 296.2 $ 216.6 $ 55.9 $ 272.5
Schedule of property, plant and equipment	Property, plant and equipment consists of the following (in millions): June 30, 2017 December 31, 2016 Land $ 2.2 $ 2.1 Buildings 89.5 85.8 Machinery and equipment 518.8 499.8 Construction in progress 25.2 25.0 635.7 612.7 Less accumulated depreciation (376.0 ) (351.9 ) Total $ 259.7 $ 260.8
Changes in the carrying amount of goodwill by business segment	The changes in the carrying amount of goodwill by business segment are as follows (in millions): Medical Devices S&IP Consolidated Goodwill Accumulated Impairment Goodwill, net Goodwill Accumulated Impairment Goodwill, net Goodwill, net Balance at December 31, 2016 $ 762.3 $ — $ 762.3 $ 740.7 $ (474.0 ) $ 266.7 $ 1,029.0 Currency translation adjustment 1.4 — 1.4 0.5 — 0.5 1.9 Balance at June 30, 2017 $ 763.7 $ — $ 763.7 $ 741.2 $ (474.0 ) $ 267.2 $ 1,030.9
Schedule of intangible assets subject to amortization	Intangible assets subject to amortization consist of the following (in millions): June 30, 2017 December 31, 2016 Gross Accumulated Net Carrying Amount Gross Accumulated Net Carrying Amount Trademarks $ 125.9 $ (95.7 ) $ 30.2 $ 125.9 $ (93.8 ) $ 32.1 Patents and acquired technologies 252.6 (138.8 ) 113.8 251.8 (131.1 ) 120.7 Other 55.2 (45.1 ) 10.1 55.1 (43.8 ) 11.3 Total $ 433.7 $ (279.6 ) $ 154.1 $ 432.8 $ (268.7 ) $ 164.1
Schedule of estimated amortization expense	We estimate amortization expense for the remainder of 2017 and the following four years and beyond will be as follows (in millions): For the years ending December 31, 2017 $ 11.2 2018 19.0 2019 15.2 2020 13.0 2021 10.7 Thereafter 85.0 Total $ 154.1
Schedule of accrued expenses	Accrued expenses consist of the following (in millions): June 30, 2017 December 31, 2016 Accrued rebates $ 57.8 $ 55.7 Accrued salaries and wages 42.0 57.1 Accrued taxes - income and other 6.8 7.2 Other 30.8 31.3 Total $ 137.4 $ 151.3
Schedule of other long-term liabilities	Other long-term liabilities consist of the following (in millions): June 30, 2017 December 31, 2016 Taxes payable $ 3.4 $ 3.4 Accrued compensation benefits 10.2 9.7 Other 16.4 17.0 Total $ 30.0 $ 30.1

Business Acquisition (Tables)

Business Acquisition (Tables)	6 Months Ended
	Jun. 30, 2017
Business Combinations And Restructuring And Related Activities [Abstract]
Summary of pro forma information	The following table presents the unaudited pro forma information for the three and six months ended June 30, 2016 , as if the Acquisition had occurred on January 1, 2015 (in millions, except per share amounts): Three Months Six Months (Unaudited) (Unaudited) Net sales $ 404.5 $ 802.3 Net income 8.9 21.6 Earnings per share: Basic $ 0.19 $ 0.46 Diluted 0.19 0.46

Fair Value Information (Tables)

Fair Value Information (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of fair value of financial instruments	The following table includes the fair value of our financial instruments for which disclosure of fair value is required (in millions): June 30, 2017 December 31, 2016 Fair Value Hierarchy Level Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Assets Cash and cash equivalents 1 $ 154.8 $ 154.8 $ 113.7 $ 113.7 Liabilities Senior Unsecured Notes 1 246.8 262.3 246.5 256.4 Senior Secured Term Loan 2 333.1 340.3 332.5 341.3

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of debt balances	As of June 30, 2017 and December 31, 2016 , our debt balances were as follows (in millions): Weighted-Average Interest Rate Maturities June 30, 2017 December 31, 2016 Senior Secured Term Loan 3.64 % 2021 $ 339.0 $ 339.0 Senior Unsecured Notes 6.25 % 2022 250.0 250.0 Total long-term debt 589.0 589.0 Unamortized Debt Discounts and Issuance Costs Senior Secured Term Loan (5.9 ) (6.5 ) Senior Unsecured Notes (3.2 ) (3.5 ) Total Debt, net $ 579.9 $ 579.0

Accumulated Other Comprehensi24

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2017
Equity [Abstract]
Schedule of changes in the components of accumulated other comprehensive income	The changes in the components of Accumulated Other Comprehensive Income (“AOCI”), net of tax, are as follows (in millions): Unrealized Translation Defined Benefit Pension Plans Cash Flow Hedges Accumulated Other Comprehensive Income Balance, December 31, 2016 $ (48.7 ) $ (1.0 ) $ (0.4 ) $ (50.1 ) Other comprehensive income 14.5 0.2 1.1 15.8 Balance, June 30, 2017 $ (34.2 ) $ (0.8 ) $ 0.7 $ (34.3 ) The changes in the components of AOCI, including the tax effect, are as follows (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Unrealized translation $ 4.7 $ (2.0 ) $ 14.5 $ 3.5 Defined benefit pension plans — 0.1 0.2 0.1 Tax effect — — — — Defined benefit pension plans, net of tax — 0.1 0.2 0.1 Cash flow hedges 0.5 0.4 1.4 1.9 Tax effect (0.1 ) — (0.3 ) (0.4 ) Cash flow hedges, net of tax 0.4 0.4 1.1 1.5 Change in AOCI $ 5.1 $ (1.5 ) $ 15.8 $ 5.1

Earnings Per Share ("EPS") (Tab

Earnings Per Share ("EPS") (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Calculation of basic and diluted earnings per share	The calculation of basic and diluted earnings per share for the three months ended June 30, 2017 and 2016 is set forth in the following table (in millions, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net income $ 17.1 $ 6.5 $ 29.9 $ 20.7 Weighted Average Shares Outstanding: Basic weighted average shares outstanding 46.7 46.7 46.7 46.6 Dilutive effect of stock options and restricted share unit awards 0.6 0.2 0.6 0.2 Diluted weighted average shares outstanding 47.3 46.9 47.3 46.8 Earnings Per Share Basic $ 0.37 $ 0.14 $ 0.64 $ 0.44 Diluted $ 0.36 $ 0.14 $ 0.63 $ 0.44

Business Segment Information (T

Business Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Information concerning unaudited consolidated operations by business segment	Information concerning unaudited consolidated operations by business segment is presented in the following table (in millions): Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net Sales Medical Devices $ 149.1 $ 141.5 $ 295.0 $ 268.2 S&IP 246.5 256.7 493.9 511.4 Corporate and Other 3.6 1.8 5.9 5.2 Total Net Sales 399.2 400.0 794.8 784.8 Operating Profit Medical Devices 40.7 29.0 78.7 58.7 S&IP 15.1 25.1 33.3 49.7 Corporate and Other (a) (21.1 ) (30.8 ) (43.6 ) (50.1 ) Other expense, net (b) (5.5 ) (5.7 ) (12.9 ) (7.6 ) Total Operating Profit 29.2 17.6 55.5 50.7 Interest income 0.5 0.1 0.9 0.3 Interest expense (7.8 ) (8.3 ) (15.4 ) (16.3 ) Income before Income Taxes $ 21.9 $ 9.4 $ 41.0 $ 34.7 ______________________________ (a) Corporate and Other for the three and six months ended June 30, 2017 includes $21 million and $40 million , respectively, of general expenses, $2 million and $3 million , respectively, of acquisition-related expenses (see Note 3 , “Business Acquisition”), $2 million and $1 million net benefit, respectively from post spin-related transition items and $0 million and $1 million , respectively, of costs related to corporate sales. Corporate and Other for the three and six months ended June 30, 2016 includes $17 million and $32 million , respectively, of general expenses, $9 million and $10 million , respectively, of acquisition-related expenses, $2 million and $5 million , respectively, of post spin-related transition expenses, and $2 million and $3 million , respectively, of costs related to corporate sales. (b) Other expense includes amounts incurred related to litigation matters. See Note 8 , “Commitments and Contingencies.”

Supplemental Guarantor Financ27

Supplemental Guarantor Financial Information (Tables)	6 Months Ended
	Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Income Statement and Comprehensive Income Statements	HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING INCOME AND COMPREHENSIVE INCOME STATEMENTS (in millions) Three Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 366.2 $ 128.3 $ (95.3 ) $ 399.2 Cost of products sold — 251.0 98.9 (95.3 ) 254.6 Gross Profit — 115.2 29.4 — 144.6 Research and development — 9.8 — — 9.8 Selling and general expenses 9.7 75.7 14.7 — 100.1 Other (income) and expense, net (0.4 ) 9.2 (3.3 ) — 5.5 Operating (Loss) Profit (9.3 ) 20.5 18.0 — 29.2 Interest income 0.2 — 1.1 (0.8 ) 0.5 Interest expense (8.0 ) (0.5 ) (0.1 ) 0.8 (7.8 ) (Loss) Income Before Income Taxes (17.1 ) 20.0 19.0 — 21.9 Income tax benefit (provision) 6.0 (8.2 ) (2.6 ) — (4.8 ) Equity in earnings of consolidated subsidiaries 28.2 9.9 — (38.1 ) — Net Income 17.1 21.7 16.4 (38.1 ) 17.1 Total other comprehensive income, net of tax 5.1 3.4 5.2 (8.6 ) 5.1 Comprehensive Income $ 22.2 $ 25.1 $ 21.6 $ (46.7 ) $ 22.2 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING INCOME AND COMPREHENSIVE INCOME STATEMENTS (in millions) Three Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 372.3 $ 110.8 $ (83.1 ) $ 400.0 Cost of products sold — 247.7 94.7 (83.1 ) 259.3 Gross Profit — 124.6 16.1 — 140.7 Research and development — 9.5 — — 9.5 Selling and general expenses 11.1 81.5 15.3 — 107.9 Other (income) and expense, net (0.3 ) 12.1 (6.1 ) — 5.7 Operating (Loss) Profit (10.8 ) 21.5 6.9 — 17.6 Interest income 0.1 — 0.7 (0.7 ) 0.1 Interest expense (8.4 ) (0.6 ) — 0.7 (8.3 ) (Loss) Income Before Income Taxes (19.1 ) 20.9 7.6 — 9.4 Income tax benefit (provision) 7.2 (8.7 ) (1.4 ) — (2.9 ) Equity in earnings of consolidated subsidiaries 18.4 7.7 — (26.1 ) — Net Income 6.5 19.9 6.2 (26.1 ) 6.5 Total other comprehensive loss, net of tax (1.5 ) (0.5 ) (2.9 ) 3.4 (1.5 ) Comprehensive Income $ 5.0 $ 19.4 $ 3.3 $ (22.7 ) $ 5.0 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING INCOME AND COMPREHENSIVE INCOME STATEMENTS (in millions) Six Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 732.2 $ 238.9 $ (176.3 ) $ 794.8 Cost of products sold — 489.4 194.2 (176.3 ) 507.3 Gross Profit — 242.8 44.7 — 287.5 Research and development — 17.8 — — 17.8 Selling and general expenses 19.7 151.7 29.9 — 201.3 Other (income) and expense, net (0.2 ) 18.8 (5.7 ) — 12.9 Operating (Loss) Profit (19.5 ) 54.5 20.5 — 55.5 Interest income 0.4 — 2.1 (1.6 ) 0.9 Interest expense (15.8 ) (1.1 ) (0.1 ) 1.6 (15.4 ) (Loss) Income Before Income Taxes (34.9 ) 53.4 22.5 — 41.0 Income tax benefit (provision) 12.7 (20.2 ) (3.6 ) — (11.1 ) Equity in earnings of consolidated subsidiaries 52.1 13.0 — (65.1 ) — Net Income 29.9 46.2 18.9 (65.1 ) 29.9 Total other comprehensive income, net of tax 15.8 11.9 14.9 (26.8 ) 15.8 Comprehensive Income $ 45.7 $ 58.1 $ 33.8 $ (91.9 ) $ 45.7 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING INCOME AND COMPREHENSIVE INCOME STATEMENTS (in millions) Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net Sales $ — $ 723.5 $ 213.6 $ (152.3 ) $ 784.8 Cost of products sold — 479.9 180.0 (152.3 ) 507.6 Gross Profit — 243.6 33.6 — 277.2 Research and development — 18.2 — — 18.2 Selling and general expenses 20.7 150.8 29.2 — 200.7 Other (income) and expense, net (0.4 ) 20.0 (12.0 ) — 7.6 Operating (Loss) Profit (20.3 ) 54.6 16.4 — 50.7 Interest income 0.2 — 1.3 (1.2 ) 0.3 Interest expense (16.5 ) (1.0 ) — 1.2 (16.3 ) (Loss) Income Before Income Taxes (36.6 ) 53.6 17.7 — 34.7 Income tax benefit (provision) 13.8 (20.0 ) (7.8 ) — (14.0 ) Equity in earnings of consolidated subsidiaries 43.5 12.4 — (55.9 ) — Net Income 20.7 46.0 9.9 (55.9 ) 20.7 Total other comprehensive income, net of tax 5.1 4.5 2.7 (7.2 ) 5.1 Comprehensive Income $ 25.8 $ 50.5 $ 12.6 $ (63.1 ) $ 25.8
Condensed Consolidating Balance Sheet	HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS (in millions) As of June 30, 2017 Parent Guarantor Non-Guarantor Eliminations Consolidated ASSETS Current Assets Cash and cash equivalents $ 89.7 $ 15.5 $ 49.6 $ — $ 154.8 Accounts receivable, net of allowances 1.6 602.0 260.3 (679.8 ) 184.1 Inventories — 251.7 44.5 — 296.2 Prepaid expenses and other current assets 7.2 9.1 3.4 — 19.7 Total Current Assets 98.5 878.3 357.8 (679.8 ) 654.8 Property, Plant and Equipment, net — 212.9 46.8 — 259.7 Investment in Consolidated Subsidiaries 2,108.2 352.0 — (2,460.2 ) — Goodwill — 995.9 35.0 — 1,030.9 Other Intangible Assets, net — 150.6 9.2 — 159.8 Other Assets 0.8 8.1 10.8 — 19.7 TOTAL ASSETS $ 2,207.5 $ 2,597.8 $ 459.6 $ (3,140.0 ) $ 2,124.9 LIABILITIES AND EQUITY Current Liabilities Trade accounts payable $ 463.6 $ 344.9 $ 49.2 $ (673.3 ) $ 184.4 Accrued expenses 5.0 110.8 28.1 (6.5 ) 137.4 Total Current Liabilities 468.6 455.7 77.3 (679.8 ) 321.8 Long-Term Debt 579.9 — — — 579.9 Other Long-Term Liabilities 2.2 54.1 10.1 — 66.4 Total Liabilities 1,050.7 509.8 87.4 (679.8 ) 968.1 Total Equity 1,156.8 2,088.0 372.2 (2,460.2 ) 1,156.8 TOTAL LIABILITIES AND EQUITY $ 2,207.5 $ 2,597.8 $ 459.6 $ (3,140.0 ) $ 2,124.9 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS (in millions) As of December 31, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated ASSETS Current Assets Cash and cash equivalents $ 54.2 $ 9.5 $ 50.0 $ — $ 113.7 Accounts receivable, net of allowances 3.1 552.5 241.5 (607.0 ) 190.1 Inventories — 231.1 41.4 — 272.5 Prepaid expenses and other current assets 5.0 10.5 2.0 (0.3 ) 17.2 Total Current Assets 62.3 803.6 334.9 (607.3 ) 593.5 Property, Plant and Equipment, net — 217.3 43.5 — 260.8 Investment in Consolidated Subsidiaries 2,029.5 328.7 — (2,358.2 ) — Goodwill — 993.8 35.2 — 1,029.0 Other Intangible Assets, net — 161.1 8.7 — 169.8 Other Assets 1.0 7.8 9.9 — 18.7 TOTAL ASSETS $ 2,092.8 $ 2,512.3 $ 432.2 $ (2,965.5 ) $ 2,071.8 LIABILITIES AND EQUITY Current Liabilities Trade accounts payable $ 398.3 $ 328.9 $ 47.8 $ (601.9 ) $ 173.1 Accrued expenses 11.1 113.8 31.8 (5.4 ) 151.3 Total Current Liabilities 409.4 442.7 79.6 (607.3 ) 324.4 Long-Term Debt 579.0 — — — 579.0 Other Long-Term Liabilities 1.9 54.4 9.6 — 65.9 Total Liabilities 990.3 497.1 89.2 (607.3 ) 969.3 Total Equity 1,102.5 2,015.2 343.0 (2,358.2 ) 1,102.5 TOTAL LIABILITIES AND EQUITY $ 2,092.8 $ 2,512.3 $ 432.2 $ (2,965.5 ) $ 2,071.8
Condensed Consolidating Statements of Cash Flow Statement	HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in millions) Six Months Ended June 30, 2017 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Operating Activities Cash (Used in) Provided by Operating Activities $ (21.1 ) $ 73.7 $ 4.1 $ — $ 56.7 Investing Activities Capital expenditures — (13.0 ) (3.6 ) — (16.6 ) Proceeds from property dispositions — 0.1 — — 0.1 Intercompany contributions — (55.1 ) — 55.1 — Cash Used in Investing Activities — (68.0 ) (3.6 ) 55.1 (16.5 ) Financing Activities Intercompany contributions 57.8 — (2.7 ) (55.1 ) — Purchase of treasury stock (2.0 ) — — — (2.0 ) Proceeds from the exercise of stock options 0.8 — — — 0.8 Cash Provided by (Used in) Financing Activities 56.6 — (2.7 ) (55.1 ) (1.2 ) Effect of Exchange Rate on Cash and Cash Equivalents — 0.3 1.8 — 2.1 Increase (Decrease) in Cash and Cash Equivalents 35.5 6.0 (0.4 ) — 41.1 Cash and Cash Equivalents, Beginning of Period 54.2 9.5 50.0 — 113.7 Cash and Cash Equivalents, End of Period $ 89.7 $ 15.5 $ 49.6 $ — $ 154.8 HALYARD HEALTH, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (in millions) Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Operating Activities Cash (Used in) Provided by Operating Activities $ (7.5 ) $ 85.5 $ 16.0 $ — $ 94.0 Investing Activities Capital expenditures — (11.6 ) (2.5 ) — (14.1 ) Acquisition of business, net of cash acquired (175.1 ) — — — (175.1 ) Intercompany contributions 0.5 (65.0 ) 1.8 62.7 — Cash Used in Investing Activities (174.6 ) (76.6 ) (0.7 ) 62.7 (189.2 ) Financing Activities Intercompany contributions 62.3 — (2.1 ) (60.2 ) — Line of credit facility proceeds 72.0 — — — 72.0 Line of credit facility repayments (27.0 ) — — — (27.0 ) Purchase of treasury stock (0.9 ) — — — (0.9 ) Cash Provided by (Used in) Financing Activities 106.4 — (2.1 ) (60.2 ) 44.1 Effect of Exchange Rate on Cash and Cash Equivalents — 0.4 0.4 — 0.8 (Decrease) Increase in Cash and Cash Equivalents (75.7 ) 9.3 13.6 2.5 (50.3 ) Cash and Cash Equivalents, Beginning of Period 92.3 — 39.7 (2.5 ) 129.5 Cash and Cash Equivalents, End of Period $ 16.6 $ 9.3 $ 53.3 $ — $ 79.2

Accounting Policies (Details)

Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2017segment
Accounting Policies [Abstract]
Number of reportable business segments	2

Supplemental Balance Sheet In29

Supplemental Balance Sheet Information - Accounts Receivable (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable	$ 185.7	$ 191.6
Allowances and doubtful accounts	(1.6)	(1.5)
Accounts receivable, net	$ 184.1	$ 190.1

Supplemental Balance Sheet In30

Supplemental Balance Sheet Information - Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Inventory, LIFO, Net [Abstract]
Raw materials	$ 51	$ 45.8
Work in process	56	50.6
Finished goods	138.9	130.8
Supplies and other	0	0
Inventory, gross	245.9	227.2
Excess of FIFO or weighted-average cost over LIFO cost	(10.3)	(10.6)
Inventories, net	235.6	216.6
Inventory, Non-LIFO, Net [Abstract]
Raw materials	2.9	2.3
Work in process	0.8	0.3
Finished goods	42	40.5
Supplies and other	14.9	12.8
Inventory, gross	60.6	55.9
Inventories, net	60.6	55.9
Inventory, Net [Abstract]
Raw materials	53.9	48.1
Work in process	56.8	50.9
Finished goods	180.9	171.3
Supplies and other	14.9	12.8
Inventory, gross	306.5	283.1
Excess of FIFO or weighted-average cost over LIFO cost	(10.3)	(10.6)
Inventories, net	296.2	272.5
Inventory [Line Items]
Inventories	296.2	$ 272.5
Kimberly-Clark branded products
Inventory, Net [Abstract]
Inventories, net	4
Inventory [Line Items]
Inventories	4
Allowance for potential losses	$ 3

Supplemental Balance Sheet In31

Supplemental Balance Sheet Information - Property, Plant and Equipment (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 635.7		$ 635.7		$ 612.7
Less accumulated depreciation	(376)		(376)		(351.9)
Total	259.7		259.7		260.8
Depreciation expense	11	$ 11	22	$ 21
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2.2		2.2		2.1
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	89.5		89.5		85.8
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	518.8		518.8		499.8
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 25.2		$ 25.2		$ 25

Supplemental Balance Sheet In32

Supplemental Balance Sheet Information - Schedule of Goodwill (Details) $ in Millions	6 Months Ended
	Jun. 30, 2017USD ($)
Goodwill [Roll Forward]
Balance at December 31, 2016, Goodwill, net	$ 1,029
Currency translation adjustment	1.9
Balance at June 30, 2017, Goodwill, net	1,030.9
Medical Devices
Goodwill [Roll Forward]
Balance at December 31, 2016, Goodwill, gross	762.3
Balance at December 31, 2016, Accumulated Impairment	0
Balance at December 31, 2016, Goodwill, net	762.3
Currency translation adjustment	1.4
Balance at June 30, 2017, Goodwill, gross	763.7
Balance at June 30, 2017, Accumulated Impairment	0
Balance at June 30, 2017, Goodwill, net	763.7
S&IP
Goodwill [Roll Forward]
Balance at December 31, 2016, Goodwill, gross	740.7
Balance at December 31, 2016, Accumulated Impairment	(474)
Balance at December 31, 2016, Goodwill, net	266.7
Currency translation adjustment	0.5
Balance at June 30, 2017, Goodwill, gross	741.2
Balance at June 30, 2017, Accumulated Impairment	(474)
Balance at June 30, 2017, Goodwill, net	$ 267.2

Supplemental Balance Sheet In33

Supplemental Balance Sheet Information - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 433.7		$ 433.7		$ 432.8
Accumulated Amortization	(279.6)		(279.6)		(268.7)
Net Carrying Amount	154.1		154.1		164.1
Indefinite-lived intangible assets acquired			6		6
Amortization expense for intangible assets	5	$ 5	11	$ 11
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	125.9		125.9		125.9
Accumulated Amortization	(95.7)		(95.7)		(93.8)
Net Carrying Amount	30.2		30.2		32.1
Patents and acquired technologies
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	252.6		252.6		251.8
Accumulated Amortization	(138.8)		(138.8)		(131.1)
Net Carrying Amount	113.8		113.8		120.7
Other
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	55.2		55.2		55.1
Accumulated Amortization	(45.1)		(45.1)		(43.8)
Net Carrying Amount	$ 10.1		$ 10.1		$ 11.3

Supplemental Balance Sheet In34

Supplemental Balance Sheet Information - Schedule of Estimated Amortization Expense (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
2,017	$ 11.2
2,018	19
2,019	15.2
2,020	13
2,021	10.7
Thereafter	85
Net Carrying Amount	$ 154.1	$ 164.1

Supplemental Balance Sheet In35

Supplemental Balance Sheet Information - Accrued Expenses (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued rebates	$ 57.8	$ 55.7
Accrued salaries and wages	42	57.1
Accrued taxes - income and other	6.8	7.2
Other	30.8	31.3
Total	$ 137.4	$ 151.3

Supplemental Balance Sheet In36

Supplemental Balance Sheet Information - Other Long-Term Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Taxes payable	$ 3.4	$ 3.4
Accrued compensation benefits	10.2	9.7
Other	16.4	17
Total	$ 30	$ 30.1

Business Acquisition - Additio

Business Acquisition - Additional Information (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Business Acquisition [Line Items]
Acquisition and integration incurred costs		$ 0		$ 0
Expected costs			$ 7		$ 7
Restructuring incurred costs		0	3	0	3
Accrued expenses		137.4		137.4		$ 151.3
Additional payments to employees		0		0
Medsystems Holdings, Inc.
Business Acquisition [Line Items]
Consideration transferred	$ 175
Acquisition and integration incurred costs		2	$ 6	3	$ 7
Employee Severance | Medsystems Holdings, Inc.
Business Acquisition [Line Items]
Accrued expenses		$ 3		$ 3		$ 3

Business Acquisition - Pro For

Business Acquisition - Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Pro Forma Information
Net sales	$ 404.5	$ 802.3
Net income	$ 8.9	$ 21.6
Earnings per share:
Basic (in dollars per share)	$ 0.19	$ 0.46
Diluted (in dollars per share)	$ 0.19	$ 0.46

Fair Value Information (Details

Fair Value Information (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Liabilities
Debt	$ 589	$ 589
Level 1 | Carrying Amount
Assets
Cash and cash equivalents	154.8	113.7
Liabilities
Debt	246.8	246.5
Level 1 | Estimated Fair Value
Assets
Cash and cash equivalents	154.8	113.7
Liabilities
Debt	262.3	256.4
Level 2 | Carrying Amount
Liabilities
Debt	333.1	332.5
Level 2 | Estimated Fair Value
Liabilities
Debt	340.3	341.3
Foreign exchange contracts | Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative liabilities	0	1
Derivative assets	$ 1	$ 0

Debt - Schedule of Debt (Detai

Debt - Schedule of Debt (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Total long-term debt	$ 589	$ 589
Unamortized Debt Discounts and Issuance Costs
Total Debt, net	$ 579.9	579
Senior Secured Term Loan | 3.64% Senior Secured Term Loan
Debt Instrument [Line Items]
Weighted-Average Interest Rate	3.64%
Total long-term debt	$ 339	339
Unamortized Debt Discounts and Issuance Costs
Unamortized Debt Discounts and Issuance Costs	$ (5.9)	(6.5)
Senior Unsecured Notes | 6.25% Senior Notes
Debt Instrument [Line Items]
Weighted-Average Interest Rate	6.25%
Total long-term debt	$ 250	250
Unamortized Debt Discounts and Issuance Costs
Unamortized Debt Discounts and Issuance Costs	$ (3.2)	$ (3.5)

Debt - Additional Information

Debt - Additional Information (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)
Secured line of credit | Term loan facility
Debt Instrument [Line Items]
Effective interest rate	4.23%	4.23%
Senior Secured Term Loan | Term loan facility
Debt Instrument [Line Items]
Effective interest rate	3.79%	3.79%
Senior Secured Term Loan | Term loan facility | Option 1 | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		2.75%
Senior Secured Term Loan | Term loan facility | Option 2 | Base rate
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Senior Secured Term Loan | Term loan facility | Option 2 | U.S. federal funds effective rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%
Senior Secured Term Loan | Term loan facility | Option 2 | One month LIBOR rate
Debt Instrument [Line Items]
Basis spread on variable rate		1.00%
Senior Secured Term Loan | Term loan facility | Minimum | Option 1 | Base rate
Debt Instrument [Line Items]
Interest rate floor	0.75%	0.75%
Senior Secured Term Loan | Term loan facility | Minimum | Option 2 | Base rate
Debt Instrument [Line Items]
Interest rate floor	0.75%	0.75%
Senior Unsecured Notes | 6.25% Senior Notes
Debt Instrument [Line Items]
Effective interest rate	6.53%	6.53%
Weighted-average interest rate	6.25%	6.25%
Revolving credit facility | Secured line of credit | Term loan facility
Debt Instrument [Line Items]
Borrowing capacity	$ 250,000,000	$ 250,000,000
Unused capacity, commitment fee percentage	0.40%
Consolidated total leverage ratio	2.25	2.25
Revolving credit facility | Secured line of credit | Term loan facility | Leverage Ratio, Less than 2.25
Debt Instrument [Line Items]
Unused capacity, commitment fee percentage	0.25%
Revolving credit facility | Secured line of credit | Term loan facility | Minimum | Base rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.75%
Revolving credit facility | Secured line of credit | Term loan facility | Minimum | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Revolving credit facility | Secured line of credit | Term loan facility | Maximum | Base rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Revolving credit facility | Secured line of credit | Term loan facility | Maximum | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%
Revolving credit facility | Senior Secured Term Loan | Term loan facility
Debt Instrument [Line Items]
Amount outstanding	$ 0	$ 0
Letter of credit | Secured line of credit | Term loan facility
Debt Instrument [Line Items]
Borrowing capacity	75,000,000	75,000,000
Letter of credit | Senior Secured Term Loan | Term loan facility
Debt Instrument [Line Items]
Amount outstanding	4,000,000	4,000,000
Swingline sub-facility | Secured line of credit | Term loan facility
Debt Instrument [Line Items]
Borrowing capacity	$ 25,000,000	$ 25,000,000

Accumulated Other Comprehensi42

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Accumulated Other Comprehensive Income
Balance, December 31, 2016			$ 1,102.5
Other comprehensive income	$ 5.1	$ (1.5)	15.8	$ 5.1
Balance, June 30, 2017	1,156.8		1,156.8
Unrealized Translation
Accumulated Other Comprehensive Income
Balance, December 31, 2016			(48.7)
Other comprehensive income			14.5
Balance, June 30, 2017	(34.2)		(34.2)
Defined Benefit Pension Plans
Accumulated Other Comprehensive Income
Balance, December 31, 2016			(1)
Other comprehensive income			0.2
Balance, June 30, 2017	(0.8)		(0.8)
Cash Flow Hedges
Accumulated Other Comprehensive Income
Balance, December 31, 2016			(0.4)
Other comprehensive income			1.1
Balance, June 30, 2017	0.7		0.7
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
Balance, December 31, 2016			(50.1)
Balance, June 30, 2017	$ (34.3)		$ (34.3)

Accumulated Other Comprehensi43

Accumulated Other Comprehensive Income - Net Changes in Components of AOCI, Including Tax Effect (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Equity [Abstract]
Unrealized translation	$ 4.7	$ (2)	$ 14.5	$ 3.5
Defined benefit pension plans	0	0.1	0.2	0.1
Tax effect	0	0	0	0
Defined benefit pension plans, net of tax	0	0.1	0.2	0.1
Cash flow hedges	0.5	0.4	1.4	1.9
Tax effect	(0.1)	0	(0.3)	(0.4)
Cash flow hedges, net of tax	0.4	0.4	1.1	1.5
Total Other Comprehensive Income (Loss), Net of Tax	$ 5.1	$ (1.5)	$ 15.8	$ 5.1

Stock-Based Compensation - Add

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 5	$ 6	$ 10	$ 9
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	2	2	3	3
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	1	1	3	4
Total Shareholder Return Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense	$ 2	$ 2	$ 3	$ 2

Commitments and Contingencies

Commitments and Contingencies - Additional Information (Details) $ in Millions	May 25, 2017motion	Apr. 07, 2017USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Oct. 12, 2016matter
Loss Contingencies [Line Items]
Legal expense and settlement accrual			$ 6	$ 6	$ 14	$ 10
Bahamas Surgery Center
Loss Contingencies [Line Items]
Length of trial		14 days
Compensatory damages		$ 0.3
Punitive damages		$ 100
Number of post-file motions filed | motion	3
U.S. Supreme Court, Constitutional outer limit, punitive damages and compensatory damages, ratio		9
Bahamas Surgery Center | Kimberly-Clark Corporation
Loss Contingencies [Line Items]
Compensatory damages		$ 4
Punitive damages		$ 350
Shahinian and Edgett
Loss Contingencies [Line Items]
Number of qui tam matters | matter							2

Derivative Financial Instrume46

Derivative Financial Instruments - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Derivative [Line Items]
Gains (losses) on undesignated hedging instruments	$ 0		$ 0
Designated as Hedging Instrument
Derivative [Line Items]
Gains (losses) on designated hedging instruments	0	$ 0	0	$ 0
Amounts reclassified form accumulated other comprehensive income	0	0	0	0
Amounts to be reclassified into net income in next twelve months			0
Undesignated Hedging instruments
Derivative [Line Items]
Gains (losses) on undesignated hedging instruments		0		0
Cash flow hedges | Designated as Hedging Instrument
Derivative [Line Items]
Designated hedge ineffectiveness	0	$ 0	0	$ 0
Foreign exchange contracts | Undesignated Hedging instruments
Derivative [Line Items]
Aggregate notional amount	28		28
Foreign exchange contracts | Cash flow hedges | Designated as Hedging Instrument
Derivative [Line Items]
Aggregate notional amount	34		34
Level 2 | Foreign exchange contracts
Derivative [Line Items]
Derivative liabilities	0		0		$ 1
Derivative assets	$ 1		$ 1		$ 0

Earnings Per Share ("EPS") (Det

Earnings Per Share ("EPS") (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Net income	$ 17.1	$ 6.5	$ 29.9	$ 20.7
Weighted Average Shares Outstanding:
Basic weighted average shares outstanding (in shares)	46.7	46.7	46.7	46.6
Dilutive effect of stock options and restricted share unit awards (in shares)	0.6	0.2	0.6	0.2
Diluted weighted average shares outstanding (in shares)	47.3	46.9	47.3	46.8
Earnings Per Share
Basic (in dollars per share)	$ 0.37	$ 0.14	$ 0.64	$ 0.44
Diluted (in dollars per share)	$ 0.36	$ 0.14	$ 0.63	$ 0.44
Antidilutive securities excluded from computation of earnings per share (in shares)	1		1

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Business segment
Net Sales	$ 399.2	$ 400	$ 794.8	$ 784.8
Operating Profit	29.2	17.6	55.5	50.7
Other expense, net	(5.5)	(5.7)	(12.9)	(7.6)
Interest income	0.5	0.1	0.9	0.3
Interest expense	(7.8)	(8.3)	(15.4)	(16.3)
(Loss) Income Before Income Taxes	21.9	9.4	41	34.7
General expenses	100.1	107.9	201.3	200.7
Gross profit	144.6	140.7	287.5	277.2
Operating segments | Medical Devices
Business segment
Net Sales	149.1	141.5	295	268.2
Operating Profit	40.7	29	78.7	58.7
Operating segments | S&IP
Business segment
Net Sales	246.5	256.7	493.9	511.4
Operating Profit	15.1	25.1	33.3	49.7
Corporate and Other
Business segment
Net Sales	3.6	1.8	5.9	5.2
Operating Profit	(21.1)	(30.8)	(43.6)	(50.1)
General expenses	21	17	40	32
Acquisition related expenses	2	9	3	10
Gross profit	0	(2)	(1)	(3)
Corporate and Other | Spinoff
Business segment
Post spin-related transition expenses	2	2	1	5
Reconciling Items
Business segment
Other expense, net	$ (5.5)	$ (5.7)	$ (12.9)	$ (7.6)

Supplemental Guarantor Financ49

Supplemental Guarantor Financial Information - Additional Information (Details)	6 Months Ended
	Jun. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Cumulative percentage ownership, after all transactions	100.00%

Supplemental Guarantor Financ50

Supplemental Guarantor Financial Information - Condensed Consolidating Income and Comprehensive Income Statements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Income Statements, Captions [Line Items]
Net Sales	$ 399.2	$ 400	$ 794.8	$ 784.8
Cost of products sold	254.6	259.3	507.3	507.6
Gross Profit	144.6	140.7	287.5	277.2
Research and development	9.8	9.5	17.8	18.2
Selling and general expenses	100.1	107.9	201.3	200.7
Other (income) and expense, net	5.5	5.7	12.9	7.6
Operating (Loss) Profit	29.2	17.6	55.5	50.7
Interest income	0.5	0.1	0.9	0.3
Interest expense	(7.8)	(8.3)	(15.4)	(16.3)
(Loss) Income Before Income Taxes	21.9	9.4	41	34.7
Income tax benefit (provision)	(4.8)	(2.9)	(11.1)	(14)
Equity in earnings of consolidated subsidiaries	0	0	0	0
Net Income	17.1	6.5	29.9	20.7
Total other comprehensive income (loss), net of tax	5.1	(1.5)	15.8	5.1
Comprehensive Income	22.2	5	45.7	25.8
Eliminations
Condensed Income Statements, Captions [Line Items]
Net Sales	(95.3)	(83.1)	(176.3)	(152.3)
Cost of products sold	(95.3)	(83.1)	(176.3)	(152.3)
Gross Profit	0	0	0	0
Research and development	0	0	0	0
Selling and general expenses	0	0	0	0
Other (income) and expense, net	0	0	0	0
Operating (Loss) Profit	0	0	0	0
Interest income	(0.8)	(0.7)	(1.6)	(1.2)
Interest expense	0.8	0.7	1.6	1.2
(Loss) Income Before Income Taxes	0	0	0	0
Income tax benefit (provision)	0	0	0	0
Equity in earnings of consolidated subsidiaries	(38.1)	(26.1)	(65.1)	(55.9)
Net Income	(38.1)	(26.1)	(65.1)	(55.9)
Total other comprehensive income (loss), net of tax	(8.6)	3.4	(26.8)	(7.2)
Comprehensive Income	(46.7)	(22.7)	(91.9)	(63.1)
Parent | Reportable legal entities
Condensed Income Statements, Captions [Line Items]
Net Sales	0	0	0	0
Cost of products sold	0	0	0	0
Gross Profit	0	0	0	0
Research and development	0	0	0	0
Selling and general expenses	9.7	11.1	19.7	20.7
Other (income) and expense, net	(0.4)	(0.3)	(0.2)	(0.4)
Operating (Loss) Profit	(9.3)	(10.8)	(19.5)	(20.3)
Interest income	0.2	0.1	0.4	0.2
Interest expense	(8)	(8.4)	(15.8)	(16.5)
(Loss) Income Before Income Taxes	(17.1)	(19.1)	(34.9)	(36.6)
Income tax benefit (provision)	6	7.2	12.7	13.8
Equity in earnings of consolidated subsidiaries	28.2	18.4	52.1	43.5
Net Income	17.1	6.5	29.9	20.7
Total other comprehensive income (loss), net of tax	5.1	(1.5)	15.8	5.1
Comprehensive Income	22.2	5	45.7	25.8
Guarantor Subsidiaries | Reportable legal entities
Condensed Income Statements, Captions [Line Items]
Net Sales	366.2	372.3	732.2	723.5
Cost of products sold	251	247.7	489.4	479.9
Gross Profit	115.2	124.6	242.8	243.6
Research and development	9.8	9.5	17.8	18.2
Selling and general expenses	75.7	81.5	151.7	150.8
Other (income) and expense, net	9.2	12.1	18.8	20
Operating (Loss) Profit	20.5	21.5	54.5	54.6
Interest income	0	0	0	0
Interest expense	(0.5)	(0.6)	(1.1)	(1)
(Loss) Income Before Income Taxes	20	20.9	53.4	53.6
Income tax benefit (provision)	(8.2)	(8.7)	(20.2)	(20)
Equity in earnings of consolidated subsidiaries	9.9	7.7	13	12.4
Net Income	21.7	19.9	46.2	46
Total other comprehensive income (loss), net of tax	3.4	(0.5)	11.9	4.5
Comprehensive Income	25.1	19.4	58.1	50.5
Non-Guarantor Subsidiaries | Reportable legal entities
Condensed Income Statements, Captions [Line Items]
Net Sales	128.3	110.8	238.9	213.6
Cost of products sold	98.9	94.7	194.2	180
Gross Profit	29.4	16.1	44.7	33.6
Research and development	0	0	0	0
Selling and general expenses	14.7	15.3	29.9	29.2
Other (income) and expense, net	(3.3)	(6.1)	(5.7)	(12)
Operating (Loss) Profit	18	6.9	20.5	16.4
Interest income	1.1	0.7	2.1	1.3
Interest expense	(0.1)	0	(0.1)	0
(Loss) Income Before Income Taxes	19	7.6	22.5	17.7
Income tax benefit (provision)	(2.6)	(1.4)	(3.6)	(7.8)
Equity in earnings of consolidated subsidiaries	0	0	0	0
Net Income	16.4	6.2	18.9	9.9
Total other comprehensive income (loss), net of tax	5.2	(2.9)	14.9	2.7
Comprehensive Income	$ 21.6	$ 3.3	$ 33.8	$ 12.6

Supplemental Guarantor Financ51

Supplemental Guarantor Financial Information - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 154.8	$ 113.7	$ 79.2	$ 129.5
Accounts receivable, net of allowances	184.1	190.1
Inventories	296.2	272.5
Prepaid expenses and other current assets	19.7	17.2
Total Current Assets	654.8	593.5
Property, Plant and Equipment, net	259.7	260.8
Investment in Consolidated Subsidiaries	0	0
Goodwill	1,030.9	1,029
Other Intangible Assets, net	159.8	169.8
Other Assets	19.7	18.7
TOTAL ASSETS	2,124.9	2,071.8
Current Liabilities
Trade accounts payable	184.4	173.1
Accrued expenses	137.4	151.3
Total Current Liabilities	321.8	324.4
Long-Term Debt	579.9	579
Other Long-Term Liabilities	66.4	65.9
Total Liabilities	968.1	969.3
Total Equity	1,156.8	1,102.5
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	2,124.9	2,071.8
Eliminations
Current Assets
Cash and cash equivalents	0	0	0	(2.5)
Accounts receivable, net of allowances	(679.8)	(607)
Inventories	0	0
Prepaid expenses and other current assets	0	(0.3)
Total Current Assets	(679.8)	(607.3)
Property, Plant and Equipment, net	0	0
Investment in Consolidated Subsidiaries	(2,460.2)	(2,358.2)
Goodwill	0	0
Other Intangible Assets, net	0	0
Other Assets	0	0
TOTAL ASSETS	(3,140)	(2,965.5)
Current Liabilities
Trade accounts payable	(673.3)	(601.9)
Accrued expenses	(6.5)	(5.4)
Total Current Liabilities	(679.8)	(607.3)
Long-Term Debt	0	0
Other Long-Term Liabilities	0	0
Total Liabilities	(679.8)	(607.3)
Total Equity	(2,460.2)	(2,358.2)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	(3,140)	(2,965.5)
Parent | Reportable legal entities
Current Assets
Cash and cash equivalents	89.7	54.2	16.6	92.3
Accounts receivable, net of allowances	1.6	3.1
Inventories	0	0
Prepaid expenses and other current assets	7.2	5
Total Current Assets	98.5	62.3
Property, Plant and Equipment, net	0	0
Investment in Consolidated Subsidiaries	2,108.2	2,029.5
Goodwill	0	0
Other Intangible Assets, net	0	0
Other Assets	0.8	1
TOTAL ASSETS	2,207.5	2,092.8
Current Liabilities
Trade accounts payable	463.6	398.3
Accrued expenses	5	11.1
Total Current Liabilities	468.6	409.4
Long-Term Debt	579.9	579
Other Long-Term Liabilities	2.2	1.9
Total Liabilities	1,050.7	990.3
Total Equity	1,156.8	1,102.5
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	2,207.5	2,092.8
Guarantor Subsidiaries | Reportable legal entities
Current Assets
Cash and cash equivalents	15.5	9.5	9.3	0
Accounts receivable, net of allowances	602	552.5
Inventories	251.7	231.1
Prepaid expenses and other current assets	9.1	10.5
Total Current Assets	878.3	803.6
Property, Plant and Equipment, net	212.9	217.3
Investment in Consolidated Subsidiaries	352	328.7
Goodwill	995.9	993.8
Other Intangible Assets, net	150.6	161.1
Other Assets	8.1	7.8
TOTAL ASSETS	2,597.8	2,512.3
Current Liabilities
Trade accounts payable	344.9	328.9
Accrued expenses	110.8	113.8
Total Current Liabilities	455.7	442.7
Long-Term Debt	0	0
Other Long-Term Liabilities	54.1	54.4
Total Liabilities	509.8	497.1
Total Equity	2,088	2,015.2
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	2,597.8	2,512.3
Non-Guarantor Subsidiaries | Reportable legal entities
Current Assets
Cash and cash equivalents	49.6	50	$ 53.3	$ 39.7
Accounts receivable, net of allowances	260.3	241.5
Inventories	44.5	41.4
Prepaid expenses and other current assets	3.4	2
Total Current Assets	357.8	334.9
Property, Plant and Equipment, net	46.8	43.5
Investment in Consolidated Subsidiaries	0	0
Goodwill	35	35.2
Other Intangible Assets, net	9.2	8.7
Other Assets	10.8	9.9
TOTAL ASSETS	459.6	432.2
Current Liabilities
Trade accounts payable	49.2	47.8
Accrued expenses	28.1	31.8
Total Current Liabilities	77.3	79.6
Long-Term Debt	0	0
Other Long-Term Liabilities	10.1	9.6
Total Liabilities	87.4	89.2
Total Equity	372.2	343
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 459.6	$ 432.2

Supplemental Guarantor Financ52

Supplemental Guarantor Financial Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating Activities
Cash (Used in) Provided by Operating Activities	$ 56.7	$ 94
Investing Activities
Capital expenditures	(16.6)	(14.1)
Proceeds from property dispositions	0.1	0
Acquisition of business, net of cash acquired	0	(175.1)
Intercompany contributions	0	0
Cash Used in Investing Activities	(16.5)	(189.2)
Financing Activities
Intercompany contributions	0	0
Line of credit facility proceeds	0	72
Line of credit facility repayments	0	(27)
Purchase of treasury stock	(2)	(0.9)
Proceeds from the exercise of stock options	0.8	0
Cash Provided by (Used in) Financing Activities	(1.2)	44.1
Effect of Exchange Rate Changes on Cash and Cash Equivalents	2.1	0.8
Increase (Decrease) in Cash and Cash Equivalents	41.1	(50.3)
Cash and Cash Equivalents - Beginning of Period	113.7	129.5
Cash and Cash Equivalents - End of Period	154.8	79.2
Eliminations
Operating Activities
Cash (Used in) Provided by Operating Activities	0	0
Investing Activities
Capital expenditures	0	0
Proceeds from property dispositions	0
Acquisition of business, net of cash acquired		0
Intercompany contributions	55.1	62.7
Cash Used in Investing Activities	55.1	62.7
Financing Activities
Intercompany contributions	(55.1)	(60.2)
Line of credit facility proceeds		0
Line of credit facility repayments		0
Purchase of treasury stock	0	0
Proceeds from the exercise of stock options	0
Cash Provided by (Used in) Financing Activities	(55.1)	(60.2)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0
Increase (Decrease) in Cash and Cash Equivalents	0	2.5
Cash and Cash Equivalents - Beginning of Period	0	(2.5)
Cash and Cash Equivalents - End of Period	0	0
Parent | Reportable legal entities
Operating Activities
Cash (Used in) Provided by Operating Activities	(21.1)	(7.5)
Investing Activities
Capital expenditures	0	0
Proceeds from property dispositions	0
Acquisition of business, net of cash acquired		(175.1)
Intercompany contributions	0	0.5
Cash Used in Investing Activities	0	(174.6)
Financing Activities
Intercompany contributions	57.8	62.3
Line of credit facility proceeds		72
Line of credit facility repayments		(27)
Purchase of treasury stock	(2)	(0.9)
Proceeds from the exercise of stock options	0.8
Cash Provided by (Used in) Financing Activities	56.6	106.4
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	0
Increase (Decrease) in Cash and Cash Equivalents	35.5	(75.7)
Cash and Cash Equivalents - Beginning of Period	54.2	92.3
Cash and Cash Equivalents - End of Period	89.7	16.6
Guarantor Subsidiaries | Reportable legal entities
Operating Activities
Cash (Used in) Provided by Operating Activities	73.7	85.5
Investing Activities
Capital expenditures	(13)	(11.6)
Proceeds from property dispositions	0.1
Acquisition of business, net of cash acquired		0
Intercompany contributions	(55.1)	(65)
Cash Used in Investing Activities	(68)	(76.6)
Financing Activities
Intercompany contributions	0	0
Line of credit facility proceeds		0
Line of credit facility repayments		0
Purchase of treasury stock	0	0
Proceeds from the exercise of stock options	0
Cash Provided by (Used in) Financing Activities	0	0
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.3	0.4
Increase (Decrease) in Cash and Cash Equivalents	6	9.3
Cash and Cash Equivalents - Beginning of Period	9.5	0
Cash and Cash Equivalents - End of Period	15.5	9.3
Non-Guarantor Subsidiaries | Reportable legal entities
Operating Activities
Cash (Used in) Provided by Operating Activities	4.1	16
Investing Activities
Capital expenditures	(3.6)	(2.5)
Proceeds from property dispositions	0
Acquisition of business, net of cash acquired		0
Intercompany contributions	0	1.8
Cash Used in Investing Activities	(3.6)	(0.7)
Financing Activities
Intercompany contributions	(2.7)	(2.1)
Line of credit facility proceeds		0
Line of credit facility repayments		0
Purchase of treasury stock	0	0
Proceeds from the exercise of stock options	0
Cash Provided by (Used in) Financing Activities	(2.7)	(2.1)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.8	0.4
Increase (Decrease) in Cash and Cash Equivalents	(0.4)	13.6
Cash and Cash Equivalents - Beginning of Period	50	39.7
Cash and Cash Equivalents - End of Period	$ 49.6	$ 53.3