Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	Apr. 27, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
Document Transition Report	false
Entity File Number	001-37443
Entity Registrant Name	Univar Solutions Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1251958
Entity Address, Address Line One	3075 Highland Parkway, Suite 200
Entity Address, City or Town	Downers Grove,
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60515
City Area Code	331
Local Phone Number	777-6000
Title of 12(b) Security	Common Stock ($0.01 par value)
Trading Symbol	UNVR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		168,900,947
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001494319
Current Fiscal Year End Date	--12-31

Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net sales	$ 2,211.2	$ 2,160.0
Cost of goods sold (exclusive of depreciation)	1,678.6	1,663.6
Operating expenses:
Outbound freight and handling	91.5	82.9
Warehousing, selling and administrative	279.5	253.4
Other operating expenses, net	4.1	164.8
Depreciation	41.7	33.2
Amortization	15.8	14.4
Total operating expenses	432.6	548.7
Operating income (loss)	100.0	(52.3)
Other (expense) income:
Interest income	1.0	0.6
Interest expense	(29.1)	(34.8)
Loss on sale of business	(8.6)	0.0
Loss on extinguishment of debt	(1.8)	(0.7)
Other expense, net	(5.9)	(6.1)
Total other expense	(44.4)	(41.0)
Income (loss) before income taxes	55.6	(93.3)
Income tax benefit	(0.3)	(23.3)
Net income (loss) from continuing operations	55.9	(70.0)
Net income from discontinued operations	0.0	6.1
Net income (loss)	$ 55.9	$ (63.9)
Income (loss) per common share:
Basic from continuing operations (in dollars per share)	$ 0.33	$ (0.47)
Basic from discontinued operations (in dollars per share)	0	0.04
Basic income (loss) per common share (in dollars per share)	0.33	(0.43)
Diluted from continuing operations (in dollars per share)	0.33	(0.47)
Diluted from discontinued operations (in dollars per share)	0	0.04
Diluted income (loss) per common share (in dollars per share)	$ 0.33	$ (0.43)
Weighted average common shares outstanding:
Basic (in shares)	168.8	149.2
Diluted (in shares)	169.7	149.2

Condensed Consolidated Statements of Comprehensive (Loss) Income - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Condensed Statement of Income Captions [Line Items]

Net income (loss)

$ 55.9

$ (63.9)

Other comprehensive (loss) income, net of tax:

Foreign currency translation

(94.1)

8.2

Derivative financial instruments

(16.1)

(8.3)

Total other comprehensive loss, net of tax

(110.2)

(3.3)

Comprehensive loss

$ (54.3)

(67.2)

Impact due to adoption of ASU 2018-02

Other comprehensive (loss) income, net of tax:

Impact due to adoption of ASUs

^[1]

$ (3.2)

[1]	Adjusted due to the adoption of Accounting Standards Update (“ASU”) 2018-02 “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” on January 1, 2019.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 379.7	$ 330.3
Trade accounts receivable, net of allowance for doubtful accounts of $17.4 and $12.9 at March 31, 2020 and December 31, 2019, respectively.	1,383.8	1,160.1
Inventories	817.2	796.0
Prepaid expenses and other current assets	206.6	167.2
Total current assets	2,787.3	2,453.6
Property, plant and equipment, net	1,120.7	1,152.4
Goodwill	2,249.0	2,280.8
Intangible assets, net	301.7	320.2
Deferred tax assets	19.2	21.3
Other assets	261.1	266.5
Total assets	6,739.0	6,494.8
Current liabilities:
Short-term financing	1.1	0.7
Trade accounts payable	1,027.2	895.0
Current portion of long-term debt	26.9	25.0
Accrued compensation	95.9	103.6
Other accrued expenses	439.8	425.1
Total current liabilities	1,590.9	1,449.4
Long-term debt	2,860.8	2,688.8
Pension and other postretirement benefit liabilities	286.6	295.6
Deferred tax liabilities	53.4	56.3
Other long-term liabilities	263.7	271.9
Total liabilities	5,055.4	4,762.0
Stockholders’ equity:
Preferred stock, 200.0 million shares authorized at $0.01 par value with no shares issued or outstanding as of March 31, 2020 and December 31, 2019	0.0	0.0
Common stock, 2.0 billion shares authorized at $0.01 par value with 168.9 million and 168.7 million shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively	1.7	1.7
Additional paid-in capital	2,974.0	2,968.9
Accumulated deficit	(802.6)	(858.5)
Accumulated other comprehensive loss	(489.5)	(379.3)
Total stockholders’ equity	1,683.6	1,732.8
Total liabilities and stockholders’ equity	$ 6,739.0	$ 6,494.8

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 17.4	$ 12.9
Preferred stock, shares authorized (in shares)	200,000,000.0	200,000,000.0
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, share issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	2,000,000,000.0	2,000,000,000.0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued (in shares)	168,900,000	168,700,000
Common stock, shares outstanding (in shares)	168,900,000	168,700,000

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net income (loss)	$ 55.9	$ (63.9)
Adjustments to reconcile net income (loss) to net cash used by operating activities:
Depreciation and amortization	57.5	47.6
Amortization of deferred financing fees and debt discount	1.6	1.8
Loss on sale of business	8.6	0.0
(Gain) loss on sale of property, plant and equipment	(5.3)	0.1
Loss on extinguishment of debt	1.8	0.7
Deferred income taxes	(3.5)	(28.2)
Stock-based compensation expense	5.7	6.0
Other	0.0	0.4
Changes in operating assets and liabilities:
Trade accounts receivable, net	(259.4)	(86.6)
Inventories	(50.5)	(42.9)
Prepaid expenses and other current assets	(58.3)	(4.2)
Trade accounts payable	165.3	37.3
Pensions and other postretirement benefit liabilities	(5.3)	(3.3)
Other, net	7.7	11.7
Net cash used by operating activities	(78.2)	(123.5)
Investing activities:
Purchases of property, plant and equipment	(24.1)	(16.5)
Purchases of businesses, net of cash acquired	0.0	(1,165.5)
Proceeds from sale of property, plant and equipment	7.6	0.7
(Payments)/proceeds from sale of business	(8.2)	650.0
Other	(6.2)	(1.3)
Net cash used by investing activities	(30.9)	(532.6)
Financing activities:
Proceeds from issuance of long-term debt	0.0	947.0
Payments on long-term debt and finance lease obligations	(180.6)	(4.6)
Net proceeds under revolving credit facilities	345.9	394.4
Short-term financing, net	6.3	(4.3)
Taxes paid related to net share settlements of stock-based compensation awards	(1.3)	(2.0)
Stock option exercises	0.7	0.0
Net cash provided by financing activities	171.0	1,330.5
Effect of exchange rate changes on cash and cash equivalents	(12.5)	(8.0)
Net increase in cash and cash equivalents	49.4	666.4
Cash and cash equivalents at beginning of period	330.3	121.6
Cash and cash equivalents at end of period	379.7	788.0
Cash paid during the period for:
Income taxes	9.8	9.9
Interest, net of capitalized interest	18.0	40.3
Non-cash activities:
Fair value of common stock issued for acquisition of business	0.0	649.3
Additions of property, plant and equipment included in trade accounts payable and other accrued expenses	4.8	12.4
Additions of property, plant and equipment under a finance lease obligation	18.0	1.8
Additions of assets under an operating lease obligation	$ 17.5	$ 2.9

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
shares in Millions, $ in Millions

Total

Common stock

Additional paid-in capital

Accumulated deficit

Accumulated other comprehensive loss

Beginning balance (in shares) at Dec. 31, 2018

141.7

Beginning balance at Dec. 31, 2018

$ 1,191.7

$ 1.4

$ 2,325.0

$ (761.5)

$ (373.2)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income (loss)

(63.9)

Foreign currency translation adjustment

8.2

Derivative financial instruments, net of tax

(8.3)

Common stock issued for the Nexeo acquisition (in shares)

^[1]

27.9

Common stock issued for the Nexeo acquisition

^[1]

649.3

$ 0.3

649.0

Restricted stock units vested (in shares)

0.2

Restricted stock units vested

0.0

Tax withholdings related to net share settlements of stock-based compensation awards (in shares)

(0.1)

Tax withholdings related to net share settlements of stock-based compensation awards

(2.0)

Stock-based compensation

6.0

Ending balance (in shares) at Mar. 31, 2019

169.7

Ending balance at Mar. 31, 2019

$ 1,781.0

$ 1.7

2,978.0

(822.2)

(376.5)

Beginning balance (in shares) at Dec. 31, 2019

168.7

Beginning balance at Dec. 31, 2019

$ 1,732.8

$ 1.7

2,968.9

(858.5)

(379.3)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income (loss)

55.9

Foreign currency translation adjustment

(94.1)

Derivative financial instruments, net of tax

(16.1)

Restricted stock units vested (in shares)

0.2

Restricted stock units vested

0.0

$ 0.0

Tax withholdings related to net share settlements of stock-based compensation awards (in shares)

(0.1)

Tax withholdings related to net share settlements of stock-based compensation awards

(1.3)

Stock option exercises (in shares)

0.1

Stock option exercises

0.7

Stock-based compensation

$ 5.7

5.7

Ending balance (in shares) at Mar. 31, 2020

168.9

Ending balance at Mar. 31, 2020

$ 1,683.6

$ 1.7

$ 2,974.0

$ (802.6)

$ (489.5)

[1]	Refer to “Note 3: Business combinations” for more information.

Condensed Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Foreign currency translation adjustment tax expense (benefit)	$ (4.7)
Derivative financial instrument tax expense (benefit)	$ 7.0	$ 2.8

Nature of operations	3 Months Ended
Nature of operations	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of operations	1. Nature of operations Headquartered in Downers Grove, Illinois, Univar Solutions Inc. (“Univar Solutions,” “Company,” “we,” “our” and “us”) is a leading global chemical and ingredient distributor and provider of value-added services to customers across a wide range of industries. The Company’s operations are structured into four reportable segments that represent the geographic areas under which the Company manages its business: •Univar Solutions USA (“USA”) •Univar Solutions Europe, the Middle East and Africa (“EMEA”) •Univar Solutions Canada (“Canada”) •Univar Solutions Latin America (“LATAM”) LATAM includes certain developing businesses in Latin America (including Brazil and Mexico) and the Asia-Pacific region.

Significant accounting policies	3 Months Ended
Significant accounting policies	Mar. 31, 2020
Accounting Policies [Abstract]
Significant accounting policies	2. Significant accounting policies Basis of presentation The condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) as applicable to interim financial reporting. These condensed consolidated financial statements, in the Company’s opinion, include all adjustments consisting of normal recurring accruals necessary for a fair presentation of the condensed consolidated balance sheets, statements of operations, comprehensive income, cash flows and changes in stockholders’ equity. The results of operations for the periods presented are not necessarily indicative of the operating results that may be expected for the full year. The accompanying condensed consolidated financial statements of Univar Solutions includes the combined results of all directly and indirectly controlled companies, which have been adjusted to account for the elimination of intercompany balances and transactions. On our condensed consolidated statements of cash flows for the three months ended March 31, 2019, the amounts included in “net proceeds under revolving credit facilities,” which were previously included in “proceeds from issuance of long-term debt,” are now presented separately to conform to the current year presentation. The preparation of condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ materially from these estimates. These condensed consolidated financial statements and related footnotes are unaudited and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Recently adopted accounting pronouncements On January 1, 2020, the Company adopted ASU 2016-13 “Financial Instruments - Credit Losses” (Topic 326), which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. The transition to the new methodology did not have a significant financial impact and the Company did not recognize a cumulative-effect adjustment to the opening balance of accumulated deficit. On January 1, 2020, the Company adopted ASU 2018-13 “Fair Value Measurement” (Topic 820), which modifies the disclosure requirements for fair value measurements by removing, modifying and adding certain disclosures. On January 1, 2020, the Company adopted ASU 2018-15 “Intangibles - Goodwill and Other - Internal-Use Software” (Subtopic 350-40), which aligns the requirements for capitalizing implementation costs incurred in a service contract hosting arrangement with those for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted this guidance on a prospective basis. Accounting pronouncements issued and not yet adopted In August 2018, the FASB issued ASU 2018-14 “Compensation - Retirement Benefits - Defined Benefit Plans - General” (Subtopic 715-20), which amends the disclosure requirements related to defined benefit pension and other postretirement plans. The Company will adopt this guidance effective January 1, 2021 and is currently determining the impacts that will be reflected in financial statement disclosures. In December 2019, the FASB issued ASU 2019-12 “Income Taxes” (Topic 740) – “Simplifying the Accounting for Income Taxes.” The Company will adopt this guidance effective January 1, 2021 and is currently determining the impacts of the guidance on our consolidated financial statements. In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform” (Topic 848) – “Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” which provides optional expedients and exceptions for applying US GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform from currently referenced rates, such as LIBOR, to alternative rates. The ASU is effective beginning March 12, 2020 and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently determining the impacts of the guidance on our consolidated financial statements.

Business combinations

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Business combinations

3. Business combinations

2019 Acquisition

Acquisition of Nexeo Solutions

On February 28, 2019, the Company completed an acquisition of 100% of the equity interest of Nexeo Solutions, Inc. (“Nexeo”), a leading global chemicals and plastics distributor. The acquisition expands and strengthens Univar Solutions’ presence in North America and provides expanded opportunities to create the largest North American sales force in chemical and ingredients distribution and the broadest product offering.

The total purchase price of the acquisition was $1,814.8 million, composed of $1,201.0 million of cash paid (net of cash acquired of $46.8 million) and $613.8 million of newly issued shares of Univar Solutions common stock, which represented approximately 26.4 million shares, based on Univar Solutions’ closing stock price of $23.29 on February 27, 2019. The final 26.4 million shares issued include the cancellation of 1.5 million shares in connection with the appraisal litigation settlement during the second quarter of 2019.

As of March 31, 2020, the Company updated the purchase price allocation to reflect the final deferred income taxes adjustments. The adjustments to these balances resulted in a $7.0 million increase to goodwill. The accounting for this acquisition is complete as of March 31, 2020.

The final purchase price allocation and measurement period adjustments are shown below:


(in millions)	As of December 31, 2019		Measurement Period Adjustments		Final March 31, 2020
Trade accounts receivable, net	$	296.3	$	—	$	296.3
Inventories	150.2		—		150.2
Prepaid expenses and other current assets	65.4		(1.2)		64.2
Assets held for sale	888.2		—		888.2
Property, plant and equipment, net	262.3		—		262.3
Goodwill	555.7		7.0		562.7
Intangible assets, net	138.7		—		138.7
Other assets	37.4		(0.4)		37.0
Trade accounts payable	(137.7)		—		(137.7)
Other accrued expenses	(145.8)		1.3		(144.5)
Liabilities held for sale	(221.5)		—		(221.5)
Deferred tax liabilities	(4.2)		(6.7)		(10.9)
Other long-term liabilities	(70.2)		—		(70.2)
Purchase consideration, net of cash	$	1,814.8	$	—	$	1,814.8

Assets and liabilities held for sale are related to the Nexeo plastics distribution business (“Nexeo Plastics”). Nexeo Plastics was not aligned with the Company’s strategic objectives and, on March 29, 2019, the business was sold for total net proceeds of $664.3 million. Refer to “Note 4: Discontinued operations and dispositions” for further information.

The Company recorded $562.7 million of goodwill, consisting of $547.1 million in the USA segment, $3.8 million in Canada and $11.8 million in LATAM. The goodwill is primarily attributable to expected synergies from combining operations. The Company expects approximately $76.0 million of goodwill to be deductible for income tax purposes.

The Company assumed 50.0 million warrants, equivalent to 25.0 million Nexeo shares, with an estimated aggregate fair value of $26.0 million at the February 28, 2019 closing date. The warrants were converted into the right to receive, upon exercise, the merger consideration consisting of approximately 7.6 million shares of Univar Solutions common stock plus cash. The warrants have an exercise price of $27.80 and will expire on June 9, 2021. The warrants are recorded as other long-term liabilities within the condensed consolidated balance sheet. Refer to “Note 15: Fair value measurements” for more information.

Discontinued operations

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Discontinued operations and dispositions

4. Discontinued operations and dispositions

Discontinued operations

On March 29, 2019, the Company completed the sale of Nexeo Plastics to an affiliate of One Rock Capital Partners, LLC (“Buyer”) for total proceeds of $664.3 million (net of cash disposed of $2.4 million), including $26.7 million for a working capital adjustment. The Nexeo purchase price allocation is inclusive of these working capital adjustments. Refer to “Note 3: Business combinations” for more information.

In connection with the transaction, the Company entered into a Transition Services Agreement (TSA), a Warehouse Service Agreement (WSA) and Real Property Agreements with the Buyer which are designed to ensure and facilitate an orderly transfer of business operations and will terminate at various times, between six and twenty-four months and can be renewed with a maximum of two twelve-month periods. The income and expense for the services will be reported as other operating expenses, net in the condensed consolidated statements of operations. The Real Property Agreements will have a maximum tenure of three years. These arrangements do not constitute significant continuing involvement in Nexeo Plastics.

The following table summarizes the operating results of Nexeo Plastics for the period from March 1, 2019 to March 31, 2019, as presented in “Net income from discontinued operations” on the condensed consolidated statements of operations.


(in millions)	Three months ended March 31, 2019
External sales	$	156.9
Cost of goods sold (exclusive of depreciation)	136.7
Outbound freight and handling	3.5
Warehousing, selling and administrative	7.9
Other expenses	1.4
Income from discontinued operations before income taxes	$	7.4
Income tax expense from discontinued operations	1.3
Net income from discontinued operations	$	6.1

There were no significant non-cash operating activities from the Company’s discontinued operations related to Nexeo Plastics.

Dispositions

On December 31, 2019, the Company completed the sale of the Environmental Sciences business to affiliates of AEA Investors LP for total cash proceeds of $174.0 million (net of cash disposed of $0.7 million and $5.9 million of transaction expenses) plus a $5.0 million ($2.4 million present value) subordinated note receivable (the “Transaction”) and recorded a pre-tax gain on sale of $41.4 million. In the first quarter of 2020, we recorded a net working capital adjustment of $8.2 million, reducing the proceeds and the gain on sale recorded in the fourth quarter of 2019. The sale of the business did not meet the criteria to be classified as a discontinued operation in the Company’s financial statements because the disposition did not represent a strategic shift, that has, or will have, a major effect on the Company's operations and financial results.

The following summarizes the income before income taxes attributable to the Environmental Sciences business:


(in millions)	Three months ended March 31, 2019
Income before income taxes	$	2.2

Revenue

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Revenue

5. Revenue

The Company disaggregates revenues from contracts with customers by both geographic reportable segments and revenue contract types. Geographic reportable segmentation is pertinent to understanding Univar Solutions’ revenues, as it aligns to how the Company reviews the financial performance of its operations. Revenue contract types are differentiated by the type of good or service Univar Solutions offers customers, since the contractual terms necessary for revenue recognition are unique to each of the identified revenue contract types.

The following tables disaggregate external customer net sales by major stream:


	USA		EMEA		Canada		LATAM		Consolidated
(in millions)	Three months ended March 31, 2020
Chemical Distribution	$	1,270.5	$	459.9	$	208.3	$	105.3	$	2,044.0
Crop Sciences	—		—		64.4		—		64.4
Services	87.0		0.4		13.1		2.3		102.8
Total external customer net sales	$	1,357.5	$	460.3	$	285.8	$	107.6	$	2,211.2


	USA		EMEA		Canada		LATAM		Consolidated
(in millions)	Three months ended March 31, 2019
Chemical Distribution	$	1,247.5	$	483.4	$	211.7	$	92.6	$	2,035.2
Crop Sciences	—		—		50.5		—		50.5
Services	59.7		0.3		11.6		2.7		74.3
Total external customer net sales	$	1,307.2	$	483.7	$	273.8	$	95.3	$	2,160.0

Deferred revenue

Deferred revenues are recognized as a contract liability when customers provide Univar Solutions with consideration prior to the Company satisfying a performance obligation. The following table provides information pertaining to the deferred revenue balance and account activity:


(in millions)
Deferred revenue as of January 1, 2020	$	65.5
Deferred revenue as of March 31, 2020	43.0
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	63.9

The deferred revenue balances are all expected to have a duration of one year or less and are recorded within the other accrued expenses line item of the condensed consolidated balance sheets.

Other operating expenses, net

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Other operating expenses, net

6. Other operating expenses, net

Other operating expenses, net consisted of the following:


	Three months ended March 31,
(in millions)	2020		2019
Acquisition and integration related expenses	$	17.5	$	77.1
Stock-based compensation expense	5.7		6.0
Restructuring charges	2.5		0.1
Other employee severance costs	5.5		12.9
Other facility closure costs	1.9		—
Saccharin legal settlement	—		62.5
Fair value adjustment for warrants	(26.3)		(4.4)
(Gain) loss on sale of property, plant and equipment	(5.3)		0.1
Other	2.6		10.5
Total other operating expenses, net	$	4.1	$	164.8

Restructuring charges

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Restructuring charges

7. Restructuring charges

Restructuring charges relate to the implementation of several regional strategic initiatives aimed at streamlining the Company’s cost structure and improving its operations. These actions primarily resulted in workforce reductions and other facility rationalization costs. Restructuring charges are recorded in other operating expenses, net in the condensed consolidated statement of operations.

2020 Restructuring

During 2020, management approved a plan to implement a new structure designed to streamline and accelerate the opportunities between the Canadian and United States operations. The reporting structure in Canada was condensed and realigned to report under the leadership in the United States for commercial, operations, human resources and finance. The actions associated with this program are expected to be completed by the end of the second quarter of 2020. As a result, we recorded the following charges:


(in millions)	Three months ended March 31, 2020		Anticipated total costs
Canada:
Employee termination costs	$	2.3	$	3.4

2018 Restructuring

During 2018, management approved a plan to consolidate departments. The actions associated with this program were substantially complete as of March 31, 2020, although cash payments will be made into the future. The following table presents a summary of the financial impacts of that plan:


(in millions)	Three months ended March 31, 2020		Cumulative costs		Anticipated total costs
USA:
Employee termination costs	$	0.1	$	5.6	$	5.6
Other exit costs	—		0.1		0.1
Total	$	0.1	$	5.7	$	5.7

Other:
Employee termination costs	$	0.1	$	1.3	$	1.3

Total:
Employee termination costs	$	0.2	$	6.9	$	6.9
Other exit costs	—		0.1		0.1
Total	$	0.2	$	7.0	$	7.0

The following table summarizes activity related to accrued liabilities associated with restructuring:


(in millions)	January 1, 2020		Charge to earnings		Cash paid		Non-cash and other		March 31, 2020
Employee termination costs	$	3.7	$	2.5	$	(2.9)	$	(0.1)	$	3.2
Facility exit costs	1.9		—		(0.5)		—		1.4
Other exit costs	0.2		—		—		—		0.2
Total	$	5.8	$	2.5	$	(3.4)	$	(0.1)	$	4.8


(in millions)	January 1, 2019		Charge to earnings		Cash paid		Non-cash and other		December 31, 2019
Employee termination costs	$	4.2	$	2.5	$	(3.0)	$	—	$	3.7
Facility exit costs	5.0		0.1		(3.2)		—		1.9
Other exit costs	0.2		—		—		—		0.2
Total	$	9.4	$	2.6	$	(6.2)	$	—	$	5.8

Restructuring liabilities of $4.3 million and $5.3 million were classified as current in other accrued expenses in the condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019, respectively. The long-term portion of restructuring liabilities of $0.5 million were recorded in other long-term liabilities in the condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019, and primarily consists of facility exit costs that are expected to be paid within the next five years.

The cost information above does not contain any estimates for programs that may be developed and implemented in future periods. While the Company believes the recorded restructuring liabilities are adequate, revisions to current estimates may be recorded in future periods based on new information as it becomes available.

Other (expense) income, net

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Other expense, net

8. Other expense, net

Other expense, net consisted of the following:


	Three months ended March 31,
(in millions)	2020		2019
Foreign currency transactions	$	(0.8)	$	(0.7)
Foreign currency denominated loans revaluation	0.2		5.2
Undesignated foreign currency derivative instruments ⁽¹⁾	(2.0)		(9.9)
Undesignated swap contracts ⁽¹⁾	(4.8)		0.2
Non-operating retirement benefits ⁽²⁾	2.2		0.6
Debt refinancing costs	(0.1)		—
Other	(0.6)		(1.5)
Total other expense	$	(5.9)	$	(6.1)

(1)Refer to “Note 16: Derivatives” for more information.

(2)Refer to “Note 9: Employee benefit plans” for more information.

Employee benefit plans

3 Months Ended

Mar. 31, 2020

Postemployment Benefits [Abstract]

Employee benefit plans

9. Employee benefit plans

The following table summarizes the components of net periodic (benefit) cost recognized in the condensed consolidated statements of operations:


	Domestic - Defined Benefit Pension Plans						Foreign - Defined Benefit Pension Plans
	Three months ended March 31,						Three months ended March 31,
(in millions)	2020		2019		2020		2019
Service cost⁽¹⁾	$	—	$	—	$	0.5	$	0.6
Interest cost⁽²⁾	5.8		6.8		3.1		3.9
Expected return on plan assets⁽²⁾	(7.1)		(6.3)		(4.0)		(5.0)
Net periodic (benefit) cost	$	(1.3)	$	0.5	$	(0.4)	$	(0.5)

(1)Service cost is included in warehouse, selling and administrative expenses.

(2)These amounts are included in other expense, net.

Income taxes

3 Months Ended

Mar. 31, 2020

Income Tax Disclosure [Abstract]

Income taxes

10. Income taxes

The income tax benefit and effective income tax rate for the three months ended March 31, 2020 and 2019 were as follows:


	Three months ended March 31,
(dollars in millions)	2020			2019
Income tax benefit	$	0.3		$	23.3
Effective income tax rate	(0.5)		%	25.0		%

A discrete tax benefit of $9.0 million was included in the $0.3 million tax benefit, primarily attributable to the utilization of previously disallowed US interest expense driven by the enactment of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). The Company’s effective income tax rate without discrete items was 30.0%, higher than the US federal statutory rate of 21.0% primarily due to the impact of the higher tax rates in foreign jurisdictions, non-deductible expenses and US state income taxes.

For the prior year quarter, a discrete tax benefit of $10.2 million, substantially attributable to the indirect effects of the Nexeo Plastics sale, was included in the $23.3 million tax benefit. The Company’s effective income tax rate without discrete items was 42.6%, higher than the US federal statutory rate of 21.0%. This is primarily due to the impact of the Nexeo related

acquisition and integration costs, along with state taxes, foreign rate differential, non-deductible compensation and other expenses, and an increase in the valuation allowance on certain income tax attributes.

Earnings per share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Earnings per share

11. Earnings per share

The following table presents the basic and diluted earnings per share computations:


	Three months ended March 31,
(in millions, except per share data)	2020		2019
Numerator:
Net income (loss) from continuing operations	$	55.9	$	(70.0)
Net income from discontinued operations	—		6.1
Net income (loss)	$	55.9	$	(63.9)

Denominator:
Weighted average common shares outstanding – basic	168.8		149.2
Effect of dilutive securities: stock compensation plans	0.9		—
Weighted average common shares outstanding – diluted	169.7		149.2

Basic:
Basic income (loss) per common share from continuing operations	$	0.33	$	(0.47)
Basic income per common share from discontinued operations	—		0.04
Basic income (loss) per common share	$	0.33	$	(0.43)

Diluted:
Diluted income (loss) per common share from continuing operations	$	0.33	$	(0.47)
Diluted income per common share from discontinued operations	—		0.04
Diluted income (loss) per common share	$	0.33	$	(0.43)

The shares that were not included in the computation of diluted earnings per share for those periods because their inclusion would be anti-dilutive were as follows:


	Three months ended March 31,
(in millions, common shares)	2020	2019
Stock options	3.9	2.8
Restricted stock	1.2	0.7
Warrants	7.6	0.8

Accumulated other comprehensive loss

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Accumulated other comprehensive loss

12. Accumulated other comprehensive loss

The following tables present the changes in accumulated other comprehensive loss by component, net of tax:


(in millions)	Cash flow hedges		Defined benefit pension items		Currency translation items		Total
Balance as of December 31, 2019	$	(15.4)	$	(1.0)	$	(362.9)	$	(379.3)
Other comprehensive loss before reclassifications	(11.1)		—		(94.1)		(105.2)
Amounts reclassified from accumulated other comprehensive loss	(5.0)		—		—		(5.0)
Net current period other comprehensive loss	$	(16.1)	$	—	$	(94.1)	$	(110.2)
Balance as of March 31, 2020	$	(31.5)	$	(1.0)	$	(457.0)	$	(489.5)

Balance as of December 31, 2018	$	8.9	$	(1.1)	$	(381.0)	$	(373.2)
Impact due to adoption of ASU 2018-02⁽¹⁾	1.5		—		(4.7)		(3.2)
Other comprehensive (loss) income before reclassifications	(5.5)		—		8.2		2.7
Amounts reclassified from accumulated other comprehensive loss	(2.8)		—		—		(2.8)
Net current period other comprehensive (loss) income	$	(6.8)	$	—	$	3.5	$	(3.3)
Balance as of March 31, 2019	$	2.1	$	(1.1)	$	(377.5)	$	(376.5)

(1)Adjusted due to the adoption of ASU 2018-02 “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” on January 1, 2019.

The following is a summary of the amounts reclassified from accumulated other comprehensive loss to net income (loss):


	Three months ended March 31,					Location of impact on statement of operations
(in millions)	2020 ⁽¹⁾		2019 ⁽¹⁾
Cash flow hedges:
Interest rate swap contracts	$	0.9	$	(3.8)	Interest expense
Cross-currency swap contracts	(8.1)		—		Interest expense and other expense, net
Tax expense	2.2		1.0		Income tax benefit
Total reclassifications for the period, net of tax	$	(5.0)	$	(2.8)

(1)Amounts in parentheses indicate credits to net income (loss) in the condensed consolidated statement of operations.

Debt

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Debt

13. Debt

Short-term financing

Short-term financing consisted of the following:


(in millions)	March 31, 2020		December 31, 2019
Amounts drawn under credit facilities	$	0.5	$	0.5
Bank overdrafts	0.6		0.2
Total short-term financing	$	1.1	$	0.7

As of March 31, 2020 and December 31, 2019, the Company had $152.1 million and $158.5 million in outstanding letters of credit, respectively.

Long-term debt

Long-term debt consisted of the following:


(in millions)	March 31, 2020		December 31, 2019
Senior Term Loan Facilities:
Term B-3 Loan due 2024, variable interest rate of 3.70% and 4.05% at March 31, 2020 and December 31, 2019, respectively	$	1,264.1	$	1,438.0
Term B-5 Loan due 2026, variable interest rate of 3.45% and 3.80% at March 31, 2020 and December 31, 2019, respectively	399.0		400.0
Asset Backed Loan (ABL) Facilities:
North American ABL Facility due 2024, variable interest rate of 2.00% and 5.25% at March 31, 2020 and December 31, 2019, respectively	478.4		200.0
Canadian ABL Term Loan due 2022, variable interest rate of 3.33% and 4.31% at March 31, 2020 and December 31, 2019, respectively	120.9		130.9
Euro ABL Facility due 2023, variable interest rate of 1.75% at March 31, 2020	66.2		—
Senior Unsecured Notes:
Senior Unsecured Notes due 2027, fixed interest rate of 5.13% at March 31, 2020 and December 31, 2019	500.0		500.0
Finance lease obligations	82.4		71.2
Total long-term debt before discount	$	2,911.0	$	2,740.1
Less: unamortized debt issuance costs and discount on debt	(23.3)		(26.3)
Total long-term debt	$	2,887.7	$	2,713.8
Less: current maturities	(26.9)		(25.0)
Total long-term debt, excluding current maturities	$	2,860.8	$	2,688.8

The weighted average interest rate on long-term debt was 3.72% and 4.25% as of March 31, 2020 and December 31, 2019, respectively.

On January 7, 2020, using the proceeds from the sale of the Environmental Sciences business, the Company repaid $174.0 million of the Term B-3 Loan due 2024. As a result of the prepayment, the Company recognized a loss on extinguishment of debt of $1.8 million during the three months ended March 31, 2020.

Other Information


	March 31, 2020						December 31, 2019
(in millions)	Carrying amount		Fair value		Carrying amount		Fair value
Fair value of debt	$	2,887.7	$	2,683.7	$	2,713.8	$	2,770.7

The fair values of debt were based on current market quotes for similar borrowings and credit risk adjusted for liquidity, margins and amortization, as necessary and are classified as level 2 in the fair value hierarchy.

Supplemental balance sheet information

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Supplemental balance sheet information

14. Supplemental balance sheet information

Allowance for doubtful accounts

The allowance for doubtful accounts reflects the Company's current estimate of credit losses expected to be incurred over the life of the trade accounts receivables. Collectability of the trade accounts receivable balance is assessed on an ongoing basis and determined based on the delinquency of customer accounts, the financial condition of individual customers, past collections experience and future economic expectations. The change in the allowance for doubtful accounts is as follows:


(in millions)	Three months ended March 31, 2020
Beginning balance, January 1, 2020	$	12.9
Provision for credit losses	5.6
Write-offs	(0.5)
Recoveries	0.2
Foreign exchange	(0.8)
Ending balance, March 31, 2020	$	17.4

Property, plant and equipment, net


(in millions)	March 31, 2020		December 31, 2019
Property, plant and equipment, at cost	$	2,174.7	$	2,190.3
Less: accumulated depreciation	(1,054.0)		(1,037.9)
Property, plant and equipment, net	$	1,120.7	$	1,152.4

Goodwill

The following is a summary of the activity in goodwill by segment.


(in millions)	USA		EMEA		Canada		LATAM		Total
Balance, January 1, 2020	$	1,802.3	$	8.4	$	441.1	$	29.0	$	2,280.8

Purchase price adjustments	7.0		—		—		—		7.0

Other adjustments	—		—		—		(0.5)		(0.5)
Foreign exchange	—		(0.8)		(33.6)		(3.9)		(38.3)
Balance, March 31, 2020	$	1,809.3	$	7.6	$	407.5	$	24.6	$	2,249.0

Intangible assets, net


	March 31, 2020										December 31, 2019
(in millions)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Customer relationships	$	967.7	$	(680.0)	$	287.7	$	986.4	$	(680.8)	$	305.6
Other	179.4		(165.4)		14.0		182.0		(167.4)		14.6
Total intangible assets	$	1,147.1	$	(845.4)	$	301.7	$	1,168.4	$	(848.2)	$	320.2

Other intangible assets consist of intellectual property (mostly trademarks and trade names), producer relationships and contracts, non-compete agreements and exclusive distribution rights.

The estimated annual amortization expense in each of the next five years is as follows:


(in millions)
2020	$	57.0
2021	50.1
2022	45.0
2023	41.1
2024	31.9

Other accrued expenses

As of March 31, 2020, other accrued expenses that were greater than five percent of total current liabilities consisted of current tax liabilities of $91.4 million, comprised of income, VAT and local indirect taxes payable. As of December 31, 2019,

other accrued expenses that were greater than five percent of total current liabilities consisted of current tax liabilities of $87.1 million and customer prepayments and deposits of $81.5 million.

Fair value measurements

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair value measurements

15. Fair value measurements

The following is a reconciliation of the fair value measurements that use significant unobservable inputs (Level 3):


(in millions)	Warrant Liability
Fair value as of December 31, 2019	$	33.0
Fair value adjustments	(26.3)
Fair value as of March 31, 2020	$	6.7

The assumptions used in the Black-Scholes-Merton valuation model to measure the fair value of the warrants are:

Weighted Average

Unobservable Inputs

Range

Amount

Method

Warrant life

N/A

2 years

Expected term

Expected volatility

26.2

%

to

50.4%

36.79%

Industry peer group

Risk-free interest rate

N/A

0.23%

US Treasury rates

Fair value adjustments are recorded within other operating expenses, net in the condensed consolidated statement of operations.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivatives

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

16. Derivatives

Foreign currency derivatives

The Company uses forward currency contracts to hedge earnings from the effects of foreign exchange relating to certain of the Company’s intercompany and third-party receivables and payables denominated in a foreign currency. These derivative instruments are not formally designated as cash flow hedges by the Company and the terms of these instruments range from one to three months.

Interest rate swaps

The objective of the designated interest rate swap contracts is to offset the variability of cash flows in LIBOR indexed debt interest payments attributable to changes in the benchmark interest rate related to the Term B-3 Loan and a portion of debt outstanding under the North American ABL Facility. On March 17, 2020, the Company executed $250.0 million of interest rate swap contracts effective June 30, 2020 to replace swaps with maturities on June 30, 2020. The interest rate swap contracts have maturities at various dates through June 2024.

Cross currency swap contracts

Cross currency swap contracts are used to effectively convert the Term B-5 Loan’s principal amount of floating rate US dollar denominated debt, including interest payments, to fixed-rate Euro denominated debt maturing in November 2024. As of March 31, 2020, approximately 95% of the cross currency swaps are designated as a cash flow hedge.

The Company uses both undesignated interest rate swap contracts and cross currency swaps to manage interest rate variability and mitigate foreign exchange exposure.

Notional amounts and fair value of derivative instruments

The following table presents the notional amounts of the Company’s outstanding derivative instruments by type:


(in millions)	March 31, 2020		December 31, 2019
Derivatives designated as hedging instruments:
Interest rate swap contracts	$	1,050.0	$	1,050.0
Cross currency swap contracts	381.0		381.0
Derivatives not designated as hedging instruments:
Interest rate swap contracts	200.0		200.0
Foreign currency derivatives	116.6		141.4
Cross currency swap contracts	19.0		19.0

The following are the pre-tax effects of derivative instruments on the condensed consolidated statements of operations and comprehensive income for the three months ended March 31, 2020 and 2019:


	Statement of Operations Classification	Amount of gain (loss) reclassified from other comprehensive loss into income (effective and ineffective portion)								Amount to be reclassified to consolidated statement of operations within the next 12 months
				Three months ended March 31,
(in millions)				2020			2019
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	Interest expense	$	(0.9)		$	3.8		$	(16.3)
Cross currency swap contracts	Interest expense	1.9			—			2.6
	Other expense, net	6.2			—			—

Refer to “Note 8: Other expense, net” for the gains and losses related to derivatives not designated as hedging instruments.

The following table presents the Company’s gross assets and liabilities measured on a recurring basis and classified as level 2 within the fair value hierarchy:


		Derivative Assets													Derivative Liabilities
(in millions)	Balance Sheet Location	March 31, 2020				December 31, 2019				Balance Sheet Location	March 31, 2020				December 31, 2019
Designated Derivatives:
Cross currency swap contracts	Prepaid expenses and other current assets	$	2.6			$	7.2			Other long-term liabilities	$	2.7			$	12.1
Interest rate swap contracts	Prepaid expenses and other current assets	—				—				Other accrued expenses	16.3				6.4
Interest rate swap contracts	Other assets	—				—				Other long-term liabilities	25.5				14.0
Total derivatives in hedging relationships				$	2.6			$	7.2				$	44.5			$	32.5

Undesignated Derivatives:
Foreign currency contracts	Prepaid expenses and other current assets	$	1.6			$	0.5			Other accrued expenses	$	2.2			$	1.0
Cross currency swap contracts	Prepaid expenses and other current assets	0.1				0.4				Other long-term liabilities	0.1				0.6
Interest rate swap contracts	Prepaid expenses and other current assets	—				—				Other accrued expenses	3.3				1.0
Interest rate swap contracts	Other assets	—				—				Other long-term liabilities	4.3				1.9
Total derivatives not designated as hedging instruments				$	1.7			$	0.9				$	9.9			$	4.5

Total derivatives	Total assets	$	4.3			$	8.1			Total liabilities	$	54.4			$	37.0

The net amounts by legal entity related to forward currency contracts included in prepaid and other current assets were $1.2 million and $0.2 million as of March 31, 2020 and December 31, 2019, respectively. The net amounts related to forward currency contracts included in other accrued expenses were $1.8 million and $0.7 million as of March 31, 2020 and December 31, 2019, respectively.

The fair value of forward currency contracts is calculated by reference to current forward exchange rates for contracts with similar maturity profiles. The fair value of swaps is determined by estimating the net present value of amounts to be paid under the agreement offset by the net present value of the expected cash inflows based on market rates and associated yield curves. Based on these valuation methodologies, these derivative contracts are classified as Level 2 in the fair value hierarchy.

Commitments and contingencies

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Commitments and contingencies

17. Commitments and contingencies

Litigation

In the ordinary course of business, the Company is subject to pending or threatened claims, lawsuits, regulatory matters and administrative proceedings from time to time. Where appropriate the Company has recorded provisions in the condensed consolidated financial statements for these matters. The liabilities for injuries to persons or property are in some instances covered by liability insurance, subject to various deductibles and self-insured retentions.

The Company is not aware of any claims, lawsuits, regulatory matters or administrative proceedings, pending or threatened, that are likely to have a material effect on its overall financial position, results of operations, or cash flows. However, the Company cannot predict the outcome of any present or future claims or litigation or the potential for future claims or litigation and adverse developments could negatively impact earnings or cash flows in a particular future period.

The Company is subject to liabilities from claims alleging personal injury from exposure to asbestos. The claims result primarily from an indemnification obligation related to Univar Solutions USA Inc.’s (“Univar”) 1986 purchase of McKesson Chemical Company from McKesson Corporation (“McKesson”). Once certain conditions have been met, Univar will have the ability to pursue insurance coverage, if any, that may be available under McKesson's historical insurance coverage to offset the impact of any fees, settlements, or judgments that Univar is obligated to pay because of its obligation to defend and indemnify McKesson. As of March 31, 2020, there were fewer than 150 asbestos-related cases for which Univar has the obligation to defend and indemnify; however, this number tends to fluctuate up and down over time. Historically, the vast majority of these asbestos cases have been dismissed without payment or with a nominal payment. While the Company is unable to predict the outcome of these matters, it does not believe, based upon currently available facts, that the ultimate resolution of any of these matters will have a material effect on its overall financial position, results of operations or cash flows.

Environmental

The Company is subject to various federal, state and local environmental laws and regulations that require environmental assessment or remediation efforts (collectively “environmental remediation work”) and from time to time becomes aware of compliance matters regarding possible or alleged violations of these laws or regulations. For example, over the years, the Company has been identified as a “potentially responsible party” (“PRP”) under the Comprehensive Environmental Response, Compensation and Liability Act and/or similar state laws that impose liability for costs relating to environmental remediation work at various sites. As a PRP, the Company may be required to pay a share of the costs of investigation and cleanup of certain sites. The Company is currently engaged in environmental remediation work at approximately 129 locations, some that are now or were previously Company-owned/occupied and some that were never Company-owned/occupied (“non-owned sites”).

The Company’s environmental remediation work at some sites is being conducted pursuant to governmental proceedings or investigations. At other sites, the Company, with appropriate state or federal agency oversight and approval, is conducting the environmental remediation work voluntarily. The Company is currently undergoing remediation efforts or is in the process of active review of the need for potential remediation efforts at approximately 107 current or formerly Company-owned/occupied sites. In addition, the Company may be liable as a PRP for a share of the clean-up of approximately 22 non-owned sites. These non-owned sites are typically (a) locations of independent waste disposal or recycling operations with alleged or confirmed contaminated soil and/or groundwater to which the Company may have shipped waste products or drums for re-conditioning, or (b) contaminated non-owned sites near historical sites owned or operated by the Company or its predecessors from which contamination is alleged to have arisen.

In determining the appropriate level of environmental reserves, the Company considers several factors such as information obtained from investigatory studies; changes in the scope of remediation; the interpretation, application and enforcement of laws and regulations; changes in the costs of remediation programs; the development of alternative cleanup technologies and methods; and the relative level of the Company’s involvement at various sites for which the Company is allegedly associated. The level of annual expenditures for remedial, monitoring and investigatory activities will change in the future as major components of planned remediation activities are completed and the scope, timing and costs of existing activities are changed. Project lives, and therefore cash flows, range from 2 to 30 years, depending on the specific site and type of remediation project.

Although the Company believes that its reserves are adequate for environmental contingencies, it is possible, due to the uncertainties noted above; that additional reserves could be required in the future that could have a material effect on the overall financial position, results of operations, or cash flows in a particular period. This additional loss or range of losses cannot be recorded at this time, as it is not reasonably estimable.

Changes in total environmental liabilities are as follows:


(in millions)	Three months ended March 31, 2020
Environmental liabilities at December 31, 2019	$	78.7
Revised obligation estimates	8.2
Environmental payments	(4.0)
Foreign exchange	(0.1)
Environmental liabilities at March 31, 2020	$	82.8


(in millions)	Balance Sheet Location	March 31, 2020		December 31, 2019
Current environmental liabilities	Other accrued expenses	$	23.9	$	25.0
Long-term environmental liabilities	Other long-term liabilities	$	58.9	$	53.7

Leasing

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leasing

18. Leasing

The Company leases certain warehouses and distribution centers, office space, transportation equipment, and other machinery and equipment.


(in millions)	Balance Sheet Location	March 31, 2020		December 31, 2019
Assets
Operating lease assets	Other assets	$	159.1	$	157.3
Finance lease assets	Property, plant and equipment, net	80.5		69.5
Total lease assets		$	239.6	$	226.8
Liabilities
Current liabilities:
Current portion of operating lease liabilities	Other accrued expenses	$	45.3	$	47.4
Current portion of finance lease liabilities	Current portion of long-term debt	22.9		20.9
Noncurrent liabilities:
Operating lease liabilities	Other long-term liabilities	121.6		114.5
Finance lease liabilities	Long-term debt	59.5		50.3
Total lease liabilities		$	249.3	$	233.1

Lease cost


(in millions)	Three months ended March 31, 2020										Three months ended March 31, 2019
Statement of Operations Classification	Operating Leases		Finance Leases		Total		Operating Leases		Finance Leases		Total
Cost of goods sold (exclusive of depreciation)	$	4.3	$	—	$	4.3	$	3.7	$	—	$	3.7
Outbound freight and handling	1.3		—		1.3		1.8		—		1.8
Warehousing, selling and administrative	8.1		—		8.1		7.4		—		7.4
Depreciation	—		6.2		6.2		—		4.6		4.6
Interest expense	—		0.7		0.7		—		0.6		0.6
Total gross lease component cost	$	13.7	$	6.9	$	20.6	$	12.9	$	5.2	$	18.1
Variable lease costs					0.2						0.2
Short-term lease costs					7.5						2.6
Total gross lease costs					$	28.3					$	20.9
Sublease income					0.6						1.0
Total net lease cost					$	27.7					$	19.9

Maturity of lease liabilities


(in millions)	Operating Leases		Finance Leases		Total
2020	$	37.4	$	19.7	$	57.1
2021	41.7		22.3		64.0
2022	33.5		18.7		52.2
2023	23.1		9.5		32.6
2024	14.6		6.8		21.4
2025 and After	38.0		11.2		49.2
Total lease payments	$	188.3	$	88.2	$	276.5
Less: interest	21.4		8.6
Present value of lease liabilities, excluding guaranteed residual values	$	166.9	$	79.6
Plus: present value of guaranteed residual values	—		2.8
Present value of lease liabilities	$	166.9	$	82.4

Lease term and discount rate


	March 31, 2020		December 31, 2019
Weighted-average remaining lease term (years)
Operating leases	5.5		5.0
Finance leases	4.6		4.0
Weighted-average discount rate
Operating leases	4.80	%	4.95	%
Finance leases	4.06	%	4.33	%

Other information


	Three months ended March 31,
(in millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	13.4	$	13.5
Operating cash flows from finance leases	0.9		0.5
Financing cash flows from finance leases	6.1		4.7

Segments

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segments

19. Segments

Management monitors the operating results of its reportable segments separately for the purpose of making decisions about resource allocation and performance assessment. Management evaluates performance on the basis of Adjusted EBITDA. Adjusted EBITDA is defined as consolidated net income (loss), plus the sum of: net income from discontinued operations, interest expense, net of interest income; income tax expense; depreciation; amortization; loss on extinguishment of debt; other operating expenses, net (see “Note 6: Other operating expenses, net”); and other expense, net (see “Note 8: Other expense, net”).

Transfer prices between reportable segments are set on an arms-length basis in a similar manner to transactions with third parties. Corporate operating expenses that directly benefit segments have been allocated to the reportable segments. Allocable operating expenses are identified through a review process by management. These costs are allocated to the reportable segments on a basis that reasonably approximates the use of services. This is typically measured on a weighted distribution of margin, asset, headcount or time spent.

Financial information for the Company’s reportable segments is as follows:


(in millions)	USA		EMEA		Canada		LATAM		Other/ Eliminations ⁽¹⁾		Consolidated
	Three months ended March 31, 2020
External customers	$	1,357.5	$	460.3	$	285.8	$	107.6	$	—	$	2,211.2
Inter-segment	25.7		0.8		0.8		—		(27.3)		—
Total net sales	$	1,383.2	$	461.1	$	286.6	$	107.6	$	(27.3)	$	2,211.2

Adjusted EBITDA	$	96.6	$	40.3	$	27.3	$	8.3	$	(10.9)	$	161.6

Long-lived assets⁽²⁾	$	855.1	$	175.2	$	182.0	$	27.9	$	39.6	$	1,279.8


(in millions)	USA		EMEA		Canada		LATAM		Other/ Eliminations ⁽¹⁾		Consolidated
	Three months ended March 31, 2019
External customers	$	1,307.2	$	483.7	$	273.8	$	95.3	$	—	$	2,160.0
Inter-segment	24.9		1.0		1.1		—		(27.0)		—
Total net sales	$	1,332.1	$	484.7	$	274.9	$	95.3	$	(27.0)	$	2,160.0

Adjusted EBITDA	$	97.1	$	42.1	$	21.7	$	5.7	$	(6.5)	$	160.1

Long-lived assets ⁽²⁾	$	917.7	$	187.2	$	182.8	$	33.8	$	32.1	$	1,353.6

(1)Other/Eliminations represents the elimination of intersegment transactions as well as unallocated corporate costs consisting of costs specifically related to parent company operations that do not directly benefit segments, either individually or collectively.

(2)Long-lived assets consist of property, plant and equipment, net and operating lease assets.

The following is a reconciliation of net income (loss) to Adjusted EBITDA for the three months ended March 31, 2020 and 2019, respectively:


	Three months ended March 31,
(in millions)	2020		2019
Net income (loss)	$	55.9	$	(63.9)
Net income from discontinued operations	—		(6.1)
Depreciation	41.7		33.2
Amortization	15.8		14.4
Interest expense, net	28.1		34.2
Income tax benefit	(0.3)		(23.3)
Other operating expenses, net	4.1		164.8
Other expense, net	5.9		6.1

Loss on sale of business	8.6		—
Loss on extinguishment of debt	1.8		0.7
Adjusted EBITDA	$	161.6	$	160.1

Significant accounting policies (Policies)	3 Months Ended
Significant accounting policies (Policies)	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The condensed consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) as applicable to interim financial reporting. These condensed consolidated financial statements, in the Company’s opinion, include all adjustments consisting of normal recurring accruals necessary for a fair presentation of the condensed consolidated balance sheets, statements of operations, comprehensive income, cash flows and changes in stockholders’ equity. The results of operations for the periods presented are not necessarily indicative of the operating results that may be expected for the full year. The accompanying condensed consolidated financial statements of Univar Solutions includes the combined results of all directly and indirectly controlled companies, which have been adjusted to account for the elimination of intercompany balances and transactions. On our condensed consolidated statements of cash flows for the three months ended March 31, 2019, the amounts included in “net proceeds under revolving credit facilities,” which were previously included in “proceeds from issuance of long-term debt,” are now presented separately to conform to the current year presentation. The preparation of condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the financial statements and accompanying notes. Actual results could differ materially from these estimates. These condensed consolidated financial statements and related footnotes are unaudited and should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
Recently issued and adopted accounting pronouncements and Accounting pronouncements issued but not yet adopted	Recently adopted accounting pronouncements On January 1, 2020, the Company adopted ASU 2016-13 “Financial Instruments - Credit Losses” (Topic 326), which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. The transition to the new methodology did not have a significant financial impact and the Company did not recognize a cumulative-effect adjustment to the opening balance of accumulated deficit. On January 1, 2020, the Company adopted ASU 2018-13 “Fair Value Measurement” (Topic 820), which modifies the disclosure requirements for fair value measurements by removing, modifying and adding certain disclosures. On January 1, 2020, the Company adopted ASU 2018-15 “Intangibles - Goodwill and Other - Internal-Use Software” (Subtopic 350-40), which aligns the requirements for capitalizing implementation costs incurred in a service contract hosting arrangement with those for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted this guidance on a prospective basis. Accounting pronouncements issued and not yet adopted In August 2018, the FASB issued ASU 2018-14 “Compensation - Retirement Benefits - Defined Benefit Plans - General” (Subtopic 715-20), which amends the disclosure requirements related to defined benefit pension and other postretirement plans. The Company will adopt this guidance effective January 1, 2021 and is currently determining the impacts that will be reflected in financial statement disclosures. In December 2019, the FASB issued ASU 2019-12 “Income Taxes” (Topic 740) – “Simplifying the Accounting for Income Taxes.” The Company will adopt this guidance effective January 1, 2021 and is currently determining the impacts of the guidance on our consolidated financial statements. In March 2020, the FASB issued ASU 2020-04 “Reference Rate Reform” (Topic 848) – “Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” which provides optional expedients and exceptions for applying US GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform from currently referenced rates, such as LIBOR, to alternative rates. The ASU is effective beginning March 12, 2020 and the Company may elect to apply the amendments prospectively through December 31, 2022. The Company is currently determining the impacts of the guidance on our consolidated financial statements.

Business combinations (Tables)

3 Months Ended

Mar. 31, 2020

Business Combinations [Abstract]

Preliminary Purchase Price Acquisition

The final purchase price allocation and measurement period adjustments are shown below:


(in millions)	As of December 31, 2019		Measurement Period Adjustments		Final March 31, 2020
Trade accounts receivable, net	$	296.3	$	—	$	296.3
Inventories	150.2		—		150.2
Prepaid expenses and other current assets	65.4		(1.2)		64.2
Assets held for sale	888.2		—		888.2
Property, plant and equipment, net	262.3		—		262.3
Goodwill	555.7		7.0		562.7
Intangible assets, net	138.7		—		138.7
Other assets	37.4		(0.4)		37.0
Trade accounts payable	(137.7)		—		(137.7)
Other accrued expenses	(145.8)		1.3		(144.5)
Liabilities held for sale	(221.5)		—		(221.5)
Deferred tax liabilities	(4.2)		(6.7)		(10.9)
Other long-term liabilities	(70.2)		—		(70.2)
Purchase consideration, net of cash	$	1,814.8	$	—	$	1,814.8

Discontinued operations and dispositions (Tables)

3 Months Ended

Mar. 31, 2020

Discontinued Operations and Disposal Groups [Abstract]

Operating results of discontinued operations

The following table summarizes the operating results of Nexeo Plastics for the period from March 1, 2019 to March 31, 2019, as presented in “Net income from discontinued operations” on the condensed consolidated statements of operations.


(in millions)	Three months ended March 31, 2019
External sales	$	156.9
Cost of goods sold (exclusive of depreciation)	136.7
Outbound freight and handling	3.5
Warehousing, selling and administrative	7.9
Other expenses	1.4
Income from discontinued operations before income taxes	$	7.4
Income tax expense from discontinued operations	1.3
Net income from discontinued operations	$	6.1

(Loss) income before income taxes attributable to the Environmental Sciences business (Details)

The following summarizes the income before income taxes attributable to the Environmental Sciences business:


(in millions)	Three months ended March 31, 2019
Income before income taxes	$	2.2

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 205
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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+ Details

Revenue (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following tables disaggregate external customer net sales by major stream:


	USA		EMEA		Canada		LATAM		Consolidated
(in millions)	Three months ended March 31, 2020
Chemical Distribution	$	1,270.5	$	459.9	$	208.3	$	105.3	$	2,044.0
Crop Sciences	—		—		64.4		—		64.4
Services	87.0		0.4		13.1		2.3		102.8
Total external customer net sales	$	1,357.5	$	460.3	$	285.8	$	107.6	$	2,211.2


	USA		EMEA		Canada		LATAM		Consolidated
(in millions)	Three months ended March 31, 2019
Chemical Distribution	$	1,247.5	$	483.4	$	211.7	$	92.6	$	2,035.2
Crop Sciences	—		—		50.5		—		50.5
Services	59.7		0.3		11.6		2.7		74.3
Total external customer net sales	$	1,307.2	$	483.7	$	273.8	$	95.3	$	2,160.0

Schedule of Deferred Revenue

The following table provides information pertaining to the deferred revenue balance and account activity:


(in millions)
Deferred revenue as of January 1, 2020	$	65.5
Deferred revenue as of March 31, 2020	43.0
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	63.9

Other operating expenses, net (Tables)

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Schedule of Other Operating Expenses

Other operating expenses, net consisted of the following:


	Three months ended March 31,
(in millions)	2020		2019
Acquisition and integration related expenses	$	17.5	$	77.1
Stock-based compensation expense	5.7		6.0
Restructuring charges	2.5		0.1
Other employee severance costs	5.5		12.9
Other facility closure costs	1.9		—
Saccharin legal settlement	—		62.5
Fair value adjustment for warrants	(26.3)		(4.4)
(Gain) loss on sale of property, plant and equipment	(5.3)		0.1
Other	2.6		10.5
Total other operating expenses, net	$	4.1	$	164.8

Restructuring charges (Tables)

3 Months Ended

Mar. 31, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

As a result, we recorded the following charges:


(in millions)	Three months ended March 31, 2020		Anticipated total costs
Canada:
Employee termination costs	$	2.3	$	3.4

The following table presents a summary of the financial impacts of that plan:


(in millions)	Three months ended March 31, 2020		Cumulative costs		Anticipated total costs
USA:
Employee termination costs	$	0.1	$	5.6	$	5.6
Other exit costs	—		0.1		0.1
Total	$	0.1	$	5.7	$	5.7

Other:
Employee termination costs	$	0.1	$	1.3	$	1.3

Total:
Employee termination costs	$	0.2	$	6.9	$	6.9
Other exit costs	—		0.1		0.1
Total	$	0.2	$	7.0	$	7.0

Schedule of Restructuring Reserve

The following table summarizes activity related to accrued liabilities associated with restructuring:


(in millions)	January 1, 2020		Charge to earnings		Cash paid		Non-cash and other		March 31, 2020
Employee termination costs	$	3.7	$	2.5	$	(2.9)	$	(0.1)	$	3.2
Facility exit costs	1.9		—		(0.5)		—		1.4
Other exit costs	0.2		—		—		—		0.2
Total	$	5.8	$	2.5	$	(3.4)	$	(0.1)	$	4.8


(in millions)	January 1, 2019		Charge to earnings		Cash paid		Non-cash and other		December 31, 2019
Employee termination costs	$	4.2	$	2.5	$	(3.0)	$	—	$	3.7
Facility exit costs	5.0		0.1		(3.2)		—		1.9
Other exit costs	0.2		—		—		—		0.2
Total	$	9.4	$	2.6	$	(6.2)	$	—	$	5.8

Other expense, net (Tables)

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Schedule of other expense, net

Other expense, net consisted of the following:


	Three months ended March 31,
(in millions)	2020		2019
Foreign currency transactions	$	(0.8)	$	(0.7)
Foreign currency denominated loans revaluation	0.2		5.2
Undesignated foreign currency derivative instruments ⁽¹⁾	(2.0)		(9.9)
Undesignated swap contracts ⁽¹⁾	(4.8)		0.2
Non-operating retirement benefits ⁽²⁾	2.2		0.6
Debt refinancing costs	(0.1)		—
Other	(0.6)		(1.5)
Total other expense	$	(5.9)	$	(6.1)

(1)Refer to “Note 16: Derivatives” for more information.

(2)Refer to “Note 9: Employee benefit plans” for more information.

Employee benefit plans (Tables)

3 Months Ended

Mar. 31, 2020

Postemployment Benefits [Abstract]

Components of Net Periodic Benefit Cost (Credit)

The following table summarizes the components of net periodic (benefit) cost recognized in the condensed consolidated statements of operations:


	Domestic - Defined Benefit Pension Plans						Foreign - Defined Benefit Pension Plans
	Three months ended March 31,						Three months ended March 31,
(in millions)	2020		2019		2020		2019
Service cost⁽¹⁾	$	—	$	—	$	0.5	$	0.6
Interest cost⁽²⁾	5.8		6.8		3.1		3.9
Expected return on plan assets⁽²⁾	(7.1)		(6.3)		(4.0)		(5.0)
Net periodic (benefit) cost	$	(1.3)	$	0.5	$	(0.4)	$	(0.5)

(1)Service cost is included in warehouse, selling and administrative expenses.

(2)These amounts are included in other expense, net.

Earnings per share (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Summary of Computations of Basic and Diluted Earnings Per Share

The following table presents the basic and diluted earnings per share computations:


	Three months ended March 31,
(in millions, except per share data)	2020		2019
Numerator:
Net income (loss) from continuing operations	$	55.9	$	(70.0)
Net income from discontinued operations	—		6.1
Net income (loss)	$	55.9	$	(63.9)

Denominator:
Weighted average common shares outstanding – basic	168.8		149.2
Effect of dilutive securities: stock compensation plans	0.9		—
Weighted average common shares outstanding – diluted	169.7		149.2

Basic:
Basic income (loss) per common share from continuing operations	$	0.33	$	(0.47)
Basic income per common share from discontinued operations	—		0.04
Basic income (loss) per common share	$	0.33	$	(0.43)

Diluted:
Diluted income (loss) per common share from continuing operations	$	0.33	$	(0.47)
Diluted income per common share from discontinued operations	—		0.04
Diluted income (loss) per common share	$	0.33	$	(0.43)

The shares that were not included in the computation of diluted earnings per share for those periods because their inclusion would be anti-dilutive were as follows:


	Three months ended March 31,
(in millions, common shares)	2020	2019
Stock options	3.9	2.8
Restricted stock	1.2	0.7
Warrants	7.6	0.8

Accumulated other comprehensive loss (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Loss by Component Net of Tax

The following tables present the changes in accumulated other comprehensive loss by component, net of tax:


(in millions)	Cash flow hedges		Defined benefit pension items		Currency translation items		Total
Balance as of December 31, 2019	$	(15.4)	$	(1.0)	$	(362.9)	$	(379.3)
Other comprehensive loss before reclassifications	(11.1)		—		(94.1)		(105.2)
Amounts reclassified from accumulated other comprehensive loss	(5.0)		—		—		(5.0)
Net current period other comprehensive loss	$	(16.1)	$	—	$	(94.1)	$	(110.2)
Balance as of March 31, 2020	$	(31.5)	$	(1.0)	$	(457.0)	$	(489.5)

Balance as of December 31, 2018	$	8.9	$	(1.1)	$	(381.0)	$	(373.2)
Impact due to adoption of ASU 2018-02⁽¹⁾	1.5		—		(4.7)		(3.2)
Other comprehensive (loss) income before reclassifications	(5.5)		—		8.2		2.7
Amounts reclassified from accumulated other comprehensive loss	(2.8)		—		—		(2.8)
Net current period other comprehensive (loss) income	$	(6.8)	$	—	$	3.5	$	(3.3)
Balance as of March 31, 2019	$	2.1	$	(1.1)	$	(377.5)	$	(376.5)

(1)Adjusted due to the adoption of ASU 2018-02 “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” on January 1, 2019.

Summary of Amounts Reclassified From Accumulated Other Comprehensive Loss

The following is a summary of the amounts reclassified from accumulated other comprehensive loss to net income (loss):


	Three months ended March 31,					Location of impact on statement of operations
(in millions)	2020 ⁽¹⁾		2019 ⁽¹⁾
Cash flow hedges:
Interest rate swap contracts	$	0.9	$	(3.8)	Interest expense
Cross-currency swap contracts	(8.1)		—		Interest expense and other expense, net
Tax expense	2.2		1.0		Income tax benefit
Total reclassifications for the period, net of tax	$	(5.0)	$	(2.8)

(1)Amounts in parentheses indicate credits to net income (loss) in the condensed consolidated statement of operations.

Debt (Tables)

3 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Summary of Short Term Financing

Short-term financing consisted of the following:


(in millions)	March 31, 2020		December 31, 2019
Amounts drawn under credit facilities	$	0.5	$	0.5
Bank overdrafts	0.6		0.2
Total short-term financing	$	1.1	$	0.7

Schedule of Long Term Debt

Long-term debt consisted of the following:


(in millions)	March 31, 2020		December 31, 2019
Senior Term Loan Facilities:
Term B-3 Loan due 2024, variable interest rate of 3.70% and 4.05% at March 31, 2020 and December 31, 2019, respectively	$	1,264.1	$	1,438.0
Term B-5 Loan due 2026, variable interest rate of 3.45% and 3.80% at March 31, 2020 and December 31, 2019, respectively	399.0		400.0
Asset Backed Loan (ABL) Facilities:
North American ABL Facility due 2024, variable interest rate of 2.00% and 5.25% at March 31, 2020 and December 31, 2019, respectively	478.4		200.0
Canadian ABL Term Loan due 2022, variable interest rate of 3.33% and 4.31% at March 31, 2020 and December 31, 2019, respectively	120.9		130.9
Euro ABL Facility due 2023, variable interest rate of 1.75% at March 31, 2020	66.2		—
Senior Unsecured Notes:
Senior Unsecured Notes due 2027, fixed interest rate of 5.13% at March 31, 2020 and December 31, 2019	500.0		500.0
Finance lease obligations	82.4		71.2
Total long-term debt before discount	$	2,911.0	$	2,740.1
Less: unamortized debt issuance costs and discount on debt	(23.3)		(26.3)
Total long-term debt	$	2,887.7	$	2,713.8
Less: current maturities	(26.9)		(25.0)
Total long-term debt, excluding current maturities	$	2,860.8	$	2,688.8

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Supplemental balance sheet information (Tables)

3 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of allowance for doubtful accounts

The change in the allowance for doubtful accounts is as follows:


(in millions)	Three months ended March 31, 2020
Beginning balance, January 1, 2020	$	12.9
Provision for credit losses	5.6
Write-offs	(0.5)
Recoveries	0.2
Foreign exchange	(0.8)
Ending balance, March 31, 2020	$	17.4

Summary of Property, Plant and Equipment, Net


(in millions)	March 31, 2020		December 31, 2019
Property, plant and equipment, at cost	$	2,174.7	$	2,190.3
Less: accumulated depreciation	(1,054.0)		(1,037.9)
Property, plant and equipment, net	$	1,120.7	$	1,152.4

Goodwill

Schedule of Goodwill

The following is a summary of the activity in goodwill by segment.


(in millions)	USA		EMEA		Canada		LATAM		Total
Balance, January 1, 2020	$	1,802.3	$	8.4	$	441.1	$	29.0	$	2,280.8

Purchase price adjustments	7.0		—		—		—		7.0

Other adjustments	—		—		—		(0.5)		(0.5)
Foreign exchange	—		(0.8)		(33.6)		(3.9)		(38.3)
Balance, March 31, 2020	$	1,809.3	$	7.6	$	407.5	$	24.6	$	2,249.0

Schedule of Gross Carrying Amounts and Accumulated Amortization of Intangible Assets


	March 31, 2020										December 31, 2019
(in millions)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Customer relationships	$	967.7	$	(680.0)	$	287.7	$	986.4	$	(680.8)	$	305.6
Other	179.4		(165.4)		14.0		182.0		(167.4)		14.6
Total intangible assets	$	1,147.1	$	(845.4)	$	301.7	$	1,168.4	$	(848.2)	$	320.2

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated annual amortization expense in each of the next five years is as follows:


(in millions)
2020	$	57.0
2021	50.1
2022	45.0
2023	41.1
2024	31.9

Fair value measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Reconciliation of Fair Value Measurements that Use Significant Unobservable Inputs (Level 3)

The following is a reconciliation of the fair value measurements that use significant unobservable inputs (Level 3):


(in millions)	Warrant Liability
Fair value as of December 31, 2019	$	33.0
Fair value adjustments	(26.3)
Fair value as of March 31, 2020	$	6.7

Fair Value Measurement Inputs and Valuation Techniques

The assumptions used in the Black-Scholes-Merton valuation model to measure the fair value of the warrants are:

Weighted Average

Unobservable Inputs

Range

Amount

Method

Warrant life

N/A

2 years

Expected term

Expected volatility

26.2

%

to

50.4%

36.79%

Industry peer group

Risk-free interest rate

N/A

0.23%

US Treasury rates

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Outstanding Derivative Positions

The following table presents the notional amounts of the Company’s outstanding derivative instruments by type:


(in millions)	March 31, 2020		December 31, 2019
Derivatives designated as hedging instruments:
Interest rate swap contracts	$	1,050.0	$	1,050.0
Cross currency swap contracts	381.0		381.0
Derivatives not designated as hedging instruments:
Interest rate swap contracts	200.0		200.0
Foreign currency derivatives	116.6		141.4
Cross currency swap contracts	19.0		19.0

Derivative Instruments, Gain (Loss)

The following are the pre-tax effects of derivative instruments on the condensed consolidated statements of operations and comprehensive income for the three months ended March 31, 2020 and 2019:


	Statement of Operations Classification	Amount of gain (loss) reclassified from other comprehensive loss into income (effective and ineffective portion)								Amount to be reclassified to consolidated statement of operations within the next 12 months
				Three months ended March 31,
(in millions)				2020			2019
Derivatives in cash flow hedging relationships:
Interest rate swap contracts	Interest expense	$	(0.9)		$	3.8		$	(16.3)
Cross currency swap contracts	Interest expense	1.9			—			2.6
	Other expense, net	6.2			—			—

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following table presents the Company’s gross assets and liabilities measured on a recurring basis and classified as level 2 within the fair value hierarchy:


		Derivative Assets													Derivative Liabilities
(in millions)	Balance Sheet Location	March 31, 2020				December 31, 2019				Balance Sheet Location	March 31, 2020				December 31, 2019
Designated Derivatives:
Cross currency swap contracts	Prepaid expenses and other current assets	$	2.6			$	7.2			Other long-term liabilities	$	2.7			$	12.1
Interest rate swap contracts	Prepaid expenses and other current assets	—				—				Other accrued expenses	16.3				6.4
Interest rate swap contracts	Other assets	—				—				Other long-term liabilities	25.5				14.0
Total derivatives in hedging relationships				$	2.6			$	7.2				$	44.5			$	32.5

Undesignated Derivatives:
Foreign currency contracts	Prepaid expenses and other current assets	$	1.6			$	0.5			Other accrued expenses	$	2.2			$	1.0
Cross currency swap contracts	Prepaid expenses and other current assets	0.1				0.4				Other long-term liabilities	0.1				0.6
Interest rate swap contracts	Prepaid expenses and other current assets	—				—				Other accrued expenses	3.3				1.0
Interest rate swap contracts	Other assets	—				—				Other long-term liabilities	4.3				1.9
Total derivatives not designated as hedging instruments				$	1.7			$	0.9				$	9.9			$	4.5

Total derivatives	Total assets	$	4.3			$	8.1			Total liabilities	$	54.4			$	37.0

Commitments and contingencies (Tables)

3 Months Ended

Mar. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Changes in Total Environmental Liabilities

Changes in total environmental liabilities are as follows:


(in millions)	Three months ended March 31, 2020
Environmental liabilities at December 31, 2019	$	78.7
Revised obligation estimates	8.2
Environmental payments	(4.0)
Foreign exchange	(0.1)
Environmental liabilities at March 31, 2020	$	82.8

Schedule of Environmental Liabilities


(in millions)	Balance Sheet Location	March 31, 2020		December 31, 2019
Current environmental liabilities	Other accrued expenses	$	23.9	$	25.0
Long-term environmental liabilities	Other long-term liabilities	$	58.9	$	53.7

Leasing (Tables)

3 Months Ended

Mar. 31, 2020

Leases [Abstract]

Leases


(in millions)	Balance Sheet Location	March 31, 2020		December 31, 2019
Assets
Operating lease assets	Other assets	$	159.1	$	157.3
Finance lease assets	Property, plant and equipment, net	80.5		69.5
Total lease assets		$	239.6	$	226.8
Liabilities
Current liabilities:
Current portion of operating lease liabilities	Other accrued expenses	$	45.3	$	47.4
Current portion of finance lease liabilities	Current portion of long-term debt	22.9		20.9
Noncurrent liabilities:
Operating lease liabilities	Other long-term liabilities	121.6		114.5
Finance lease liabilities	Long-term debt	59.5		50.3
Total lease liabilities		$	249.3	$	233.1

Lease term and discount rate

Lease cost


(in millions)	Three months ended March 31, 2020										Three months ended March 31, 2019
Statement of Operations Classification	Operating Leases		Finance Leases		Total		Operating Leases		Finance Leases		Total
Cost of goods sold (exclusive of depreciation)	$	4.3	$	—	$	4.3	$	3.7	$	—	$	3.7
Outbound freight and handling	1.3		—		1.3		1.8		—		1.8
Warehousing, selling and administrative	8.1		—		8.1		7.4		—		7.4
Depreciation	—		6.2		6.2		—		4.6		4.6
Interest expense	—		0.7		0.7		—		0.6		0.6
Total gross lease component cost	$	13.7	$	6.9	$	20.6	$	12.9	$	5.2	$	18.1
Variable lease costs					0.2						0.2
Short-term lease costs					7.5						2.6
Total gross lease costs					$	28.3					$	20.9
Sublease income					0.6						1.0
Total net lease cost					$	27.7					$	19.9

Lease term and discount rate


	March 31, 2020		December 31, 2019
Weighted-average remaining lease term (years)
Operating leases	5.5		5.0
Finance leases	4.6		4.0
Weighted-average discount rate
Operating leases	4.80	%	4.95	%
Finance leases	4.06	%	4.33	%

Other information


	Three months ended March 31,
(in millions)	2020		2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$	13.4	$	13.5
Operating cash flows from finance leases	0.9		0.5
Financing cash flows from finance leases	6.1		4.7

Finance lease maturity schedule

Maturity of lease liabilities


(in millions)	Operating Leases		Finance Leases		Total
2020	$	37.4	$	19.7	$	57.1
2021	41.7		22.3		64.0
2022	33.5		18.7		52.2
2023	23.1		9.5		32.6
2024	14.6		6.8		21.4
2025 and After	38.0		11.2		49.2
Total lease payments	$	188.3	$	88.2	$	276.5
Less: interest	21.4		8.6
Present value of lease liabilities, excluding guaranteed residual values	$	166.9	$	79.6
Plus: present value of guaranteed residual values	—		2.8
Present value of lease liabilities	$	166.9	$	82.4

Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Financial Information for the Company's Segments

Financial information for the Company’s reportable segments is as follows:


(in millions)	USA		EMEA		Canada		LATAM		Other/ Eliminations ⁽¹⁾		Consolidated
	Three months ended March 31, 2020
External customers	$	1,357.5	$	460.3	$	285.8	$	107.6	$	—	$	2,211.2
Inter-segment	25.7		0.8		0.8		—		(27.3)		—
Total net sales	$	1,383.2	$	461.1	$	286.6	$	107.6	$	(27.3)	$	2,211.2

Adjusted EBITDA	$	96.6	$	40.3	$	27.3	$	8.3	$	(10.9)	$	161.6

Long-lived assets⁽²⁾	$	855.1	$	175.2	$	182.0	$	27.9	$	39.6	$	1,279.8


(in millions)	USA		EMEA		Canada		LATAM		Other/ Eliminations ⁽¹⁾		Consolidated
	Three months ended March 31, 2019
External customers	$	1,307.2	$	483.7	$	273.8	$	95.3	$	—	$	2,160.0
Inter-segment	24.9		1.0		1.1		—		(27.0)		—
Total net sales	$	1,332.1	$	484.7	$	274.9	$	95.3	$	(27.0)	$	2,160.0

Adjusted EBITDA	$	97.1	$	42.1	$	21.7	$	5.7	$	(6.5)	$	160.1

Long-lived assets ⁽²⁾	$	917.7	$	187.2	$	182.8	$	33.8	$	32.1	$	1,353.6

(1)Other/Eliminations represents the elimination of intersegment transactions as well as unallocated corporate costs consisting of costs specifically related to parent company operations that do not directly benefit segments, either individually or collectively.

(2)Long-lived assets consist of property, plant and equipment, net and operating lease assets.

Reconciliation of Net Income (loss) to Adjusted EBITDA

The following is a reconciliation of net income (loss) to Adjusted EBITDA for the three months ended March 31, 2020 and 2019, respectively:


	Three months ended March 31,
(in millions)	2020		2019
Net income (loss)	$	55.9	$	(63.9)
Net income from discontinued operations	—		(6.1)
Depreciation	41.7		33.2
Amortization	15.8		14.4
Interest expense, net	28.1		34.2
Income tax benefit	(0.3)		(23.3)
Other operating expenses, net	4.1		164.8
Other expense, net	5.9		6.1

Loss on sale of business	8.6		—
Loss on extinguishment of debt	1.8		0.7
Adjusted EBITDA	$	161.6	$	160.1

Nature of operations - Additional Information (Detail)	3 Months Ended
Nature of operations - Additional Information (Detail)	Mar. 31, 2020 segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	4

Business combinations (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
	Feb. 28, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Mar. 29, 2019	Feb. 27, 2019
Business Acquisition [Line Items]
Cash payment for acquisition		$ 0.0	$ 1,165.5
Purchase price adjustments		7.0
Goodwill acquired		2,249.0		$ 2,280.8
USA
Business Acquisition [Line Items]
Purchase price adjustments		7.0
Goodwill acquired		1,809.3		1,802.3
Canada
Business Acquisition [Line Items]
Purchase price adjustments		0.0
Goodwill acquired		407.5		441.1
LATAM
Business Acquisition [Line Items]
Purchase price adjustments		0.0
Goodwill acquired		24.6		29.0
Nexeo Solutions, Inc.
Business Acquisition [Line Items]
Percentage of equity interest acquired	100.00%
Purchase price of acquisition	$ 1,814.8
Cash payment for acquisition	1,201.0
Cash acquired from acquisition	46.8
Value of common stock	$ 613.8
Common stock issued (in shares)	26.4
Closing price on date of issue (in usd per share)						$ 23.29
Number of Univar shares canceled (in shares)	1.5
Purchase price adjustments		7.0
Goodwill acquired		562.7		$ 555.7
Expected tax deductible amount of goodwill		$ 76.0
Warrants assumed (in shares)	50.0
Assumption of warrants acquired (in shares)	25.0
Aggregate fair value of unexercised warrants	$ 26.0
Conversion of warrants to rights to receive merger consideration (in shares)		7.6
Exercise price of warrants (in usd per share)		$ 27.80
Nexeo Solutions, Inc. \| USA
Business Acquisition [Line Items]
Goodwill acquired		$ 547.1
Nexeo Solutions, Inc. \| Canada
Business Acquisition [Line Items]
Goodwill acquired		3.8
Nexeo Solutions, Inc. \| LATAM
Business Acquisition [Line Items]
Goodwill acquired		$ 11.8
Nexeo Plastics
Business Acquisition [Line Items]
Proceeds from sale of plastics distribution business					$ 664.3

Business combinations - Preliminary purchase price allocation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 2,249.0	$ 2,280.8
Measurement Period Adjustments
Purchase price adjustments	7.0
Nexeo Solutions, Inc.
Business Acquisition [Line Items]
Trade accounts receivable, net	296.3	296.3
Inventories	150.2	150.2
Prepaid expenses and other current assets	64.2	65.4
Assets held for sale	888.2	888.2
Property, plant and equipment, net	262.3	262.3
Goodwill	562.7	555.7
Intangible assets, net	138.7	138.7
Other assets	37.0	37.4
Trade accounts payable	(137.7)	(137.7)
Other accrued expenses	(144.5)	(145.8)
Liabilities held for sale	(221.5)	(221.5)
Deferred tax liabilities	(10.9)	(4.2)
Other long-term liabilities	(70.2)	(70.2)
Purchase consideration, net of cash	1,814.8	$ 1,814.8
Measurement Period Adjustments
Trade accounts receivable, net	0.0
Inventories	0.0
Prepaid expenses and other current assets	(1.2)
Assets held for sale	0.0
Property, plant and equipment, net	0.0
Purchase price adjustments	7.0
Intangible assets, net	0.0
Other assets	(0.4)
Trade accounts payable	0.0
Other accrued expenses	1.3
Liabilities held for sale	0.0
Deferred tax liabilities	(6.7)
Other long-term liabilities	0.0
Purchase consideration, net of cash	$ 0.0

Discontinued operations and dispositions (Details) $ in Millions			3 Months Ended
	Dec. 31, 2019 USD ($)	Mar. 29, 2019 USD ($) renewal	Mar. 31, 2020 USD ($)	Mar. 31, 2019 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition services agreement, number of renewals \| renewal		2
Proceeds from sale of Environmental Sciences business			$ (8.2)	$ 650.0
Nexeo Plastics
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of plastics distribution business		$ 664.3
Net of cash disposed		2.4
Total excess working capital		$ 26.7
Transition services agreement, term of renewals		12 months
Environmental Sciences Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on sale of business			41.4
Environmental Sciences Business \| Discontinued Operations, Disposed of by Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total excess working capital			$ 8.2
Proceeds from sale of Environmental Sciences business	$ 174.0
Cash disposed in sale of Environmental Sciences business	0.7
Transaction expenses from sale of Environmental Sciences business	5.9
Non-cash proceeds from sale	5.0
Present values of notes receivables	$ 2.4
Minimum \| Nexeo Plastics
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition services agreement, contract term		6 months
Maximum \| Nexeo Plastics
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition services agreement, contract term		24 months
Real property agreement, contract term		3 years

Discontinued operations and dispositions - Operating results of discontinues operations (Details) - Nexeo Plastics $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
External sales	$ 156.9
Cost of goods sold (exclusive of depreciation)	136.7
Outbound freight and handling	3.5
Warehousing, selling and administrative	7.9
Other expenses	1.4
Income from discontinued operations before income taxes	7.4
Income tax expense from discontinued operations	1.3
Net income from discontinued operations	$ 6.1

Discontinued operations and dispositions - (Loss) income before income taxes attributable to the Environmental Sciences business (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Environmental Sciences Business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income before income taxes	$ 2.2

Revenue - Schedule of External Net Sales Disaggregated by Major Stream Type (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 2,211.2	$ 2,160.0
USA
Disaggregation of Revenue [Line Items]
Net sales	1,357.5	1,307.2
EMEA
Disaggregation of Revenue [Line Items]
Net sales	460.3	483.7
Canada
Disaggregation of Revenue [Line Items]
Net sales	285.8	273.8
LATAM
Disaggregation of Revenue [Line Items]
Net sales	107.6	95.3
Chemical Distribution
Disaggregation of Revenue [Line Items]
Net sales	2,044.0	2,035.2
Chemical Distribution \| USA
Disaggregation of Revenue [Line Items]
Net sales	1,270.5	1,247.5
Chemical Distribution \| EMEA
Disaggregation of Revenue [Line Items]
Net sales	459.9	483.4
Chemical Distribution \| Canada
Disaggregation of Revenue [Line Items]
Net sales	208.3	211.7
Chemical Distribution \| LATAM
Disaggregation of Revenue [Line Items]
Net sales	105.3	92.6
Crop Sciences
Disaggregation of Revenue [Line Items]
Net sales	64.4	50.5
Crop Sciences \| USA
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0
Crop Sciences \| EMEA
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0
Crop Sciences \| Canada
Disaggregation of Revenue [Line Items]
Net sales	64.4	50.5
Crop Sciences \| LATAM
Disaggregation of Revenue [Line Items]
Net sales	0.0	0.0
Services
Disaggregation of Revenue [Line Items]
Net sales	102.8	74.3
Services \| USA
Disaggregation of Revenue [Line Items]
Net sales	87.0	59.7
Services \| EMEA
Disaggregation of Revenue [Line Items]
Net sales	0.4	0.3
Services \| Canada
Disaggregation of Revenue [Line Items]
Net sales	13.1	11.6
Services \| LATAM
Disaggregation of Revenue [Line Items]
Net sales	$ 2.3	$ 2.7

Revenue - Schedule of Deferred Revenue (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Jan. 01, 2020
Revenue from Contract with Customer [Abstract]
Deferred revenue	$ 43.0	$ 65.5
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	$ 63.9

Other operating expenses, net (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Other Income and Expenses [Abstract]
Acquisition and integration related expenses	$ 17.5	$ 77.1
Stock-based compensation expense	5.7	6.0
Restructuring charges	2.5	0.1
Other employee severance costs	5.5	12.9
Other facility closure costs	1.9	0.0
Saccharin legal settlement	0.0	62.5
Fair value adjustment for warrants	(26.3)	(4.4)
(Gain) loss on sale of property, plant and equipment	(5.3)	0.1
Other	2.6	10.5
Total other operating expenses, net	$ 4.1	$ 164.8

Restructuring charges - Restructuring and related activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2.5	$ 0.1
Employee termination costs \| Canada \| 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2.3
Anticipated total costs	$ 3.4

Restructuring charges - Costs Incurred and Anticipated (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 2.5	$ 0.1
2018 Plan
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.2
Cumulative costs	7.0
Anticipated total costs	7.0
2018 Plan \| USA
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.1
Cumulative costs	5.7
Anticipated total costs	5.7
2018 Plan \| Non-US
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.1
Cumulative costs	1.3
Anticipated total costs	1.3
2018 Plan \| Employee termination costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.2
Cumulative costs	6.9
Anticipated total costs	6.9
2018 Plan \| Employee termination costs \| USA
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.1
Cumulative costs	5.6
Anticipated total costs	5.6
2018 Plan \| Other exit costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.0
Cumulative costs	0.1
Anticipated total costs	0.1
2018 Plan \| Other exit costs \| USA
Restructuring Cost and Reserve [Line Items]
Restructuring charges	0.0
Cumulative costs	0.1
Anticipated total costs	$ 0.1

Restructuring charges - Summary of Activity Related to Accrued Liabilities Associated with Redundancy and Restructuring (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Restructuring Reserve [Roll Forward]
Beginning balance	$ 5.8	$ 9.4
Charge to earnings	2.5	2.6
Cash paid	(3.4)	(6.2)
Non-cash and other	(0.1)	0.0
Ending balance	4.8	5.8
Employee termination costs
Restructuring Reserve [Roll Forward]
Beginning balance	3.7	4.2
Charge to earnings	2.5	2.5
Cash paid	(2.9)	(3.0)
Non-cash and other	(0.1)	0.0
Ending balance	3.2	3.7
Facility exit costs
Restructuring Reserve [Roll Forward]
Beginning balance	1.9	5.0
Charge to earnings	0.0	0.1
Cash paid	(0.5)	(3.2)
Non-cash and other	0.0	0.0
Ending balance	1.4	1.9
Other exit costs
Restructuring Reserve [Roll Forward]
Beginning balance	0.2	0.2
Charge to earnings	0.0	0.0
Cash paid	0.0	0.0
Non-cash and other	0.0	0.0
Ending balance	$ 0.2	$ 0.2

Restructuring charges - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring liabilities, current	$ 4.3	$ 5.3
Restructuring liabilities, non-current	$ 0.5	$ 0.5
Facility exit costs payment period	5 years

Other expense, net (Detail) - USD ($) $ in Millions	3 Months Ended
Other expense, net (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Other Income and Expenses [Abstract]
Foreign currency transactions	$ (0.8)	$ (0.7)
Foreign currency denominated loans revaluation	0.2	5.2
Undesignated foreign currency derivative instruments	(2.0)	(9.9)
Undesignated swap contracts	(4.8)	0.2
Non-operating retirement benefits	2.2	0.6
Debt refinancing costs	(0.1)	0.0
Other	(0.6)	(1.5)
Total other expense	$ (5.9)	$ (6.1)

Employee benefit plans (Detail) - Defined Benefit Pension Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
USA
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.0	$ 0.0
Interest cost	5.8	6.8
Expected return on plan assets	(7.1)	(6.3)
Net periodic (benefit) cost	(1.3)	0.5
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.5	0.6
Interest cost	3.1	3.9
Expected return on plan assets	(4.0)	(5.0)
Net periodic (benefit) cost	$ (0.4)	$ (0.5)

Income taxes (Detail) - USD ($) $ in Millions	3 Months Ended
Income taxes (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income tax benefit	$ (0.3)	$ (23.3)
Effective tax rate	(0.50%)	25.00%
One time discreet tax benefit	$ 9.0	$ 10.2
Estimated effective tax rate	30.00%	42.60%
US federal statutory rate	21.00%	21.00%

Earnings Per Share - Summary of Computations of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Numerator:
Net income (loss) from continuing operations	$ 55.9	$ (70.0)
Net income from discontinued operations	0.0	6.1
Net income (loss)	$ 55.9	$ (63.9)
Denominator:
Weighted average common shares outstanding - basic (in shares)	168.8	149.2
Effect of dilutive securities: stock compensation plans (in shares)	0.9	0.0
Weighted average common shares outstanding - diluted (in shares)	169.7	149.2
Basic:
Basic income (loss) per common share from continuing operations (in dollars per share)	$ 0.33	$ (0.47)
Basic income per common share from discontinued operations (in dollars per share)	0	0.04
Basic income (loss) per common share (in dollars per share)	0.33	(0.43)
Diluted:
Diluted income (loss) per common share from continuing operations (in dollars per share)	0.33	(0.47)
Diluted income per common share from discontinued operations (in dollars per share)	0	0.04
Diluted income (loss) per common share (in dollars per share)	$ 0.33	$ (0.43)

Earnings Per Share - Summary of Computations of Basic and Diluted Earnings Per Share Footnote (Detail) - shares shares in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Employee Stock Option \| Common stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Share-based compensation awards purchased not included in calculation of diluted earnings per share (in shares)	3.9	2.8
Employee Stock Option \| Restricted Stock
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Share-based compensation awards purchased not included in calculation of diluted earnings per share (in shares)	1.2	0.7
Warrants
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Share-based compensation awards purchased not included in calculation of diluted earnings per share (in shares)	7.6	0.8

Accumulated other comprehensive loss - Schedule of Changes in Accumulated Other Comprehensive Loss by Component Net of Tax (Detail) - USD ($)
$ in Millions

3 Months Ended

Mar. 31, 2020

Mar. 31, 2019

Jan. 01, 2019

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Beginning balance

$ 1,732.8

$ 1,191.7

Impact due to adoption of ASU

^[1]

$ 0.0

Other comprehensive loss before reclassifications

(105.2)

2.7

Amounts reclassified from accumulated other comprehensive loss

(5.0)

(2.8)

Net current period other comprehensive (loss) income

(110.2)

(3.3)

Ending balance

1,683.6

1,781.0

Accumulated other comprehensive loss

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Beginning balance

(379.3)

(373.2)

Impact due to adoption of ASU

^[1]

(3.2)

Ending balance

(489.5)

(376.5)

Cash flow hedges

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Beginning balance

(15.4)

8.9

Other comprehensive loss before reclassifications

(11.1)

(5.5)

Amounts reclassified from accumulated other comprehensive loss

(5.0)

(2.8)

Net current period other comprehensive (loss) income

(16.1)

(6.8)

Ending balance

(31.5)

2.1

Defined benefit pension items

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Beginning balance

(1.0)

(1.1)

Other comprehensive loss before reclassifications

0.0

Amounts reclassified from accumulated other comprehensive loss

0.0

Net current period other comprehensive (loss) income

0.0

Ending balance

(1.0)

(1.1)

Currency translation items

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Beginning balance

(362.9)

(381.0)

Other comprehensive loss before reclassifications

(94.1)

8.2

Amounts reclassified from accumulated other comprehensive loss

0.0

Net current period other comprehensive (loss) income

(94.1)

3.5

Ending balance

$ (457.0)

$ (377.5)

Accounting Standards Update 2018-02 | Accumulated other comprehensive loss

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Impact due to adoption of ASU

(3.2)

Accounting Standards Update 2018-02 | Cash flow hedges

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Impact due to adoption of ASU

1.5

Accounting Standards Update 2018-02 | Defined benefit pension items

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Impact due to adoption of ASU

0.0

Accounting Standards Update 2018-02 | Currency translation items

AOCI Attributable to Parent, Net of Tax [Roll Forward]

Impact due to adoption of ASU

$ (4.7)

[1]	Adjusted due to the adoption of ASU 2018-02 “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” on January 1, 2019.

Accumulated other comprehensive loss - Summary of amounts reclassified from accumulated other comprehensive loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	$ 29.1	$ 34.8
Income tax benefit	0.3	23.3
Net income (loss)	55.9	(63.9)
Cash flow hedges \| Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Income tax benefit	2.2	1.0
Net income (loss)	(5.0)	(2.8)
Cash flow hedges \| Reclassification out of Accumulated Other Comprehensive Income \| Interest Rate Swap
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	0.9	(3.8)
Cash flow hedges \| Reclassification out of Accumulated Other Comprehensive Income \| Currency Swap
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Interest expense	$ (8.1)	$ 0.0

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Debt - Summary of Short Term Financing (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Disclosure [Abstract]
Amounts drawn under credit facilities	$ 0.5	$ 0.5
Bank overdrafts	0.6	0.2
Total short-term financing	$ 1.1	$ 0.7

Debt - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended
	Jan. 07, 2020	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Debt Instrument [Line Items]
Letters of credit outstanding		$ 152.1		$ 158.5
Weighted average interest rate on long-term debt		3.72%		4.25%
Loss on extinguishment of debt		$ 1.8	$ 0.7
Term B-3 Loan Due Twenty Twenty Four
Debt Instrument [Line Items]
Repayments of long-term debt	$ 174.0
Loss on extinguishment of debt		$ (1.8)

Debt - Schedule of Long Term Debt (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Finance lease obligations	$ 82.4	$ 71.2
Total long-term debt before discount	2,911.0	2,740.1
Less: unamortized debt issuance costs and discount on debt	(23.3)	(26.3)
Total long-term debt	2,887.7	2,713.8
Less: current maturities	(26.9)	(25.0)
Total long-term debt, excluding current maturities	2,860.8	2,688.8
Term B-3 Loan Due Twenty Twenty Four
Debt Instrument [Line Items]
Aggregate principal amount	$ 1,264.1	$ 1,438.0
Variable interest rate	3.70%	4.05%
Term B-5 Loan Due Twenty Twenty Six
Debt Instrument [Line Items]
Aggregate principal amount	$ 399.0	$ 400.0
Variable interest rate	3.45%	3.80%
North American ABL Due Twenty Twenty Four
Debt Instrument [Line Items]
Aggregate principal amount	$ 478.4	$ 200.0
Variable interest rate	2.00%	5.25%
Canadian ABL Facility Due Twenty Twenty Two
Debt Instrument [Line Items]
Aggregate principal amount	$ 120.9	$ 130.9
Variable interest rate	3.33%	4.31%
European ABL Facility Due Twenty Twenty Three Variable interest Rate of One Point Seven Five Percent
Debt Instrument [Line Items]
Aggregate principal amount	$ 66.2	$ 0.0
Variable interest rate	1.75%
Unsecured Notes Due Twenty Twenty Seven
Debt Instrument [Line Items]
Aggregate principal amount	$ 500.0	$ 500.0
Fixed interest rate	5.13%	5.13%

Debt - Fair value of debt (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	$ 2,887.7	$ 2,713.8
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying amount	2,887.7	2,713.8
Fair value	$ 2,683.7	$ 2,770.7

Supplemental balance sheet information - Allowance for Credit Losses (Details) $ in Millions	3 Months Ended
	Mar. 31, 2020 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance, January 1, 2020	$ 12.9
Provision for credit losses	5.6
Write-offs	(0.5)
Recoveries	0.2
Foreign exchange	(0.8)
Ending balance, March 31, 2020	$ 17.4

Supplemental balance sheet information - Summary of Property, Plant and Equipment, Net (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Property, plant and equipment, at cost	$ 2,174.7	$ 2,190.3
Less: accumulated depreciation	(1,054.0)	(1,037.9)
Property, plant and equipment, net	$ 1,120.7	$ 1,152.4

Supplemental balance sheet information - Schedule of Goodwill (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2020 USD ($)
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 2,280.8
Purchase price adjustments	7.0
Other adjustments	(0.5)
Foreign exchange	(38.3)
Goodwill, Ending Balance	2,249.0
USA
Goodwill [Roll Forward]
Goodwill, Beginning Balance	1,802.3
Purchase price adjustments	7.0
Other adjustments	0.0
Foreign exchange	0.0
Goodwill, Ending Balance	1,809.3
EMEA
Goodwill [Roll Forward]
Goodwill, Beginning Balance	8.4
Purchase price adjustments	0.0
Other adjustments	0.0
Foreign exchange	(0.8)
Goodwill, Ending Balance	7.6
Canada
Goodwill [Roll Forward]
Goodwill, Beginning Balance	441.1
Purchase price adjustments	0.0
Other adjustments	0.0
Foreign exchange	(33.6)
Goodwill, Ending Balance	407.5
LATAM
Goodwill [Roll Forward]
Goodwill, Beginning Balance	29.0
Purchase price adjustments	0.0
Other adjustments	(0.5)
Foreign exchange	(3.9)
Goodwill, Ending Balance	$ 24.6

Supplemental balance sheet information - Schedule of Gross Carrying Amounts and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Gross	$ 1,147.1	$ 1,168.4
Accumulated Amortization	(845.4)	(848.2)
Net	301.7	320.2
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	967.7	986.4
Accumulated Amortization	(680.0)	(680.8)
Net	287.7	305.6
Other
Finite-Lived Intangible Assets [Line Items]
Gross	179.4	182.0
Accumulated Amortization	(165.4)	(167.4)
Net	$ 14.0	$ 14.6

Supplemental balance sheet information - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Detail) $ in Millions	Mar. 31, 2020 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
2020	$ 57.0
2021	50.1
2022	45.0
2023	41.1
2024	$ 31.9

Supplemental balance sheet information - Other Accrued Expenses (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Current tax liabilities	$ 91.4	$ 87.1
Customer prepayments and deposits		$ 81.5

Fair value measurements - Reconciliation of Fair Value Measurements that Use Significant Unobservable Inputs (Level 3) (Detail) - Warrant Liability $ in Millions	3 Months Ended
	Mar. 31, 2020 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value beginning balance	$ 33.0
Fair value adjustments	(26.3)
Fair value ending balance	$ 6.7

Fair value measurements - Additional Information (Detail) - Warrants	3 Months Ended
	Mar. 31, 2020
Warrant life
Foreign Currency Fair Value Hedge Derivative [Line Items]
Expected option life	2 years
Expected volatility
Foreign Currency Fair Value Hedge Derivative [Line Items]
Measurment input	0.3679
Risk-free interest rate
Foreign Currency Fair Value Hedge Derivative [Line Items]
Measurment input	0.0023
Minimum \| Expected volatility
Foreign Currency Fair Value Hedge Derivative [Line Items]
Measurment input	0.262
Maximum \| Expected volatility
Foreign Currency Fair Value Hedge Derivative [Line Items]
Measurment input	0.504

Derivatives (Detail) - USD ($)	3 Months Ended
Derivatives (Detail) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Mar. 17, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Percentage of swaps designated as cash flow hedges	95.00%
Prepaid expenses and other current assets
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Forward currency contract asset fair value	$ 1,200,000			$ 200,000
Other accrued expenses
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Forward currency contract liability fair value	1,800,000			700,000
Other expense, net
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from other comprehensive loss into income (effective and ineffective portion)	6,200,000	$ 0
Interest Rate Swap Contracts
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount			$ 250,000,000.0
Interest Rate Swap Contracts \| Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from other comprehensive loss into income (effective and ineffective portion)	(900,000)	3,800,000
Amount to be reclassified to consolidated statement of operations within the next 12 months	(16,300,000)
Interest Rate Swap Contracts \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	1,050,000,000.0			1,050,000,000.0
Interest Rate Swap Contracts \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 200,000,000.0			200,000,000.0
Currency Swap \| Minimum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt instrument, term	1 month
Currency Swap \| Maximum
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Debt instrument, term	3 months
Currency Swap \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 116,600,000			141,400,000
Cross Currency Interest Rate Contract \| Interest expense
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Amount of gain (loss) reclassified from other comprehensive loss into income (effective and ineffective portion)	1,900,000	$ 0
Amount to be reclassified to consolidated statement of operations within the next 12 months	2,600,000
Cross Currency Interest Rate Contract \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	381,000,000.0			381,000,000.0
Cross Currency Interest Rate Contract \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, notional amount	$ 19,000,000.0			$ 19,000,000.0

Derivatives - Assets and Liabilities (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	$ 4.3	$ 8.1
Liabilities	54.4	37.0
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	2.6	7.2
Liabilities	44.5	32.5
Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	1.7	0.9
Liabilities	9.9	4.5
Prepaid expenses and other current assets \| Foreign Exchange Contract \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	1.6	0.5
Prepaid expenses and other current assets \| Currency Swap \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	2.6	7.2
Prepaid expenses and other current assets \| Currency Swap \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0.1	0.4
Prepaid expenses and other current assets \| Interest Rate Swap \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0.0	0.0
Prepaid expenses and other current assets \| Interest Rate Swap \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0.0	0.0
Other long-term liabilities \| Currency Swap \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Liabilities	2.7	12.1
Other long-term liabilities \| Currency Swap \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Liabilities	0.1	0.6
Other long-term liabilities \| Interest Rate Swap \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Liabilities	25.5	14.0
Other long-term liabilities \| Interest Rate Swap \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Liabilities	4.3	1.9
Other accrued expenses \| Foreign Exchange Contract \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Liabilities	2.2	1.0
Other accrued expenses \| Interest Rate Swap \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Liabilities	16.3	6.4
Other accrued expenses \| Interest Rate Swap \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Liabilities	3.3	1.0
Other assets \| Interest Rate Swap \| Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	0.0	0.0
Other assets \| Interest Rate Swap \| Not Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Assets	$ 0.0	$ 0.0

Commitments and contingencies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020 site claim location
Other Commitments [Line Items]
Number of locations impacted by environmental laws and regulations \| location	129
Number of company owned/occupied sites requiring environmental remediation work	107
Number of non owned sites liable for a share of clean-up	22
Maximum
Other Commitments [Line Items]
Number of asbestos-related claims (fewer than) \| claim	150
Environmental project, term	30 years
Minimum
Other Commitments [Line Items]
Environmental project, term	2 years

Commitments and contingencies - Changes in Total Environmental Liabilities (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2020 USD ($)
Accrual for Environmental Loss Contingencies [Roll Forward]
Environmental liabilities at beginning of period	$ 78.7
Revised obligation estimates	8.2
Environmental payments	(4.0)
Foreign exchange	(0.1)
Environmental liabilities at end of period	$ 82.8

Commitment and contingencies - Environmental Liabilities Balance Sheet Information (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Other accrued expenses
Other Commitments [Line Items]
Current environmental liabilities	$ 23.9	$ 25.0
Other long-term liabilities
Other Commitments [Line Items]
Long-term environmental liabilities	$ 58.9	$ 53.7

Leasing - Assets and liabilities, lessee (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Assets
Operating lease assets	$ 159.1	$ 157.3
Finance lease assets	80.5	69.5
Total lease assets	239.6	226.8
Current liabilities:
Current portion of operating lease liabilities	45.3	47.4
Current portion of finance lease liabilities	22.9	20.9
Noncurrent liabilities:
Operating lease liabilities	121.6	114.5
Finance lease liabilities	59.5	50.3
Total lease liabilities	$ 249.3	$ 233.1

Leasing - Lease cost in income statement (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Leases	$ 13.7	$ 12.9
Finance Leases	6.9	5.2
Total	20.6	18.1
Depreciation	6.2	4.6
Interest expense	0.7	0.6
Variable lease costs	0.2	0.2
Short-term lease costs	7.5	2.6
Total gross lease costs	28.3	20.9
Sublease income	0.6	1.0
Total net lease cost	27.7	19.9
Cost of goods sold (exclusive of depreciation)
Lessee, Lease, Description [Line Items]
Operating Leases	4.3	3.7
Finance Leases	0.0	0.0
Total	4.3	3.7
Outbound freight and handling
Lessee, Lease, Description [Line Items]
Operating Leases	1.3	1.8
Finance Leases	0.0	0.0
Total	1.3	1.8
Warehousing, selling and administrative
Lessee, Lease, Description [Line Items]
Operating Leases	8.1	7.4
Finance Leases	0.0	0.0
Total	$ 8.1	$ 7.4

Leasing - Maturity of lease obligations (Details) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Operating Leases
2020	$ 37.4
2021	41.7
2022	33.5
2023	23.1
2024	14.6
2025 and After	38.0
Total lease payments	188.3
Less: interest	21.4
Present value of lease liabilities, excluding guaranteed residual values	166.9
Plus: Present value of guaranteed residual values	0.0
Present value of lease liabilities	166.9
Finance Leases
2020	19.7
2021	22.3
2022	18.7
2023	9.5
2024	6.8
2025 and After	11.2
Total lease payments	88.2
Less: interest	8.6
Present value of lease liabilities, excluding guaranteed residual values	79.6
Plus: Present value of guaranteed residual values	2.8
Finance lease obligations	82.4	$ 71.2
Total
2020	57.1
2021	64.0
2022	52.2
2023	32.6
2024	21.4
2025 and After	49.2
Total lease payments	$ 276.5

Leasing - Lease term and discount rate (Details)	Mar. 31, 2020	Mar. 31, 2019
Weighted-average remaining lease term (years)
Operating leases	5 years 6 months	5 years
Finance leases	4 years 7 months 6 days	4 years
Weighted-average discount rate
Operating leases	4.80%	4.95%
Finance leases	4.06%	4.33%

Leasing - Other information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 13.4	$ 13.5
Operating cash flows from finance leases	0.9	0.5
Financing cash flows from finance leases	$ 6.1	$ 4.7

Segments (Detail) - USD ($) $ in Millions	3 Months Ended
Segments (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 2,211.2	$ 2,160.0
Adjusted EBITDA	161.6	160.1
Long-Lived Assets	1,279.8	1,353.6
USA
Segment Reporting Information [Line Items]
Net sales	1,357.5	1,307.2
EMEA
Segment Reporting Information [Line Items]
Net sales	460.3	483.7
Canada
Segment Reporting Information [Line Items]
Net sales	285.8	273.8
LATAM
Segment Reporting Information [Line Items]
Net sales	107.6	95.3
Inter-segment
Segment Reporting Information [Line Items]
Net sales	(27.3)	(27.0)
Long-Lived Assets	39.6	32.1
Inter-segment \| USA
Segment Reporting Information [Line Items]
Net sales	(25.7)	(24.9)
Inter-segment \| EMEA
Segment Reporting Information [Line Items]
Net sales	(0.8)	(1.0)
Inter-segment \| Canada
Segment Reporting Information [Line Items]
Net sales	(0.8)	(1.1)
Inter-segment \| LATAM
Segment Reporting Information [Line Items]
Net sales	0.0	0.0
Operating Segments \| USA
Segment Reporting Information [Line Items]
Net sales	1,383.2	1,332.1
Adjusted EBITDA	96.6	97.1
Long-Lived Assets	855.1	917.7
Operating Segments \| EMEA
Segment Reporting Information [Line Items]
Net sales	461.1	484.7
Adjusted EBITDA	40.3	42.1
Long-Lived Assets	175.2	187.2
Operating Segments \| Canada
Segment Reporting Information [Line Items]
Net sales	286.6	274.9
Adjusted EBITDA	27.3	21.7
Long-Lived Assets	182.0	182.8
Operating Segments \| LATAM
Segment Reporting Information [Line Items]
Net sales	107.6	95.3
Adjusted EBITDA	8.3	5.7
Long-Lived Assets	27.9	33.8
Other/ Eliminations
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ (10.9)	$ (6.5)

Segments - Segment income statement information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Segment Reporting [Abstract]
Net income (loss)	$ 55.9	$ (63.9)
Net income from discontinued operations	0.0	(6.1)
Depreciation	41.7	33.2
Amortization	15.8	14.4
Interest expense, net	28.1	34.2
Income tax benefit	(0.3)	(23.3)
Other operating expenses, net	4.1	164.8
Other expense, net	5.9	6.1
Loss on sale of business	8.6	0.0
Loss on extinguishment of debt	1.8	0.7
Adjusted EBITDA	$ 161.6	$ 160.1

Label

Element

Value

Retained Earnings [Member]

Cumulative Effect of New Accounting Principle in Period of Adoption

us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption

$ 3,200,000

^[1]

[1]	Adjusted due to the adoption of ASU 2018-02 “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” on January 1, 2019.