Condensed Consolidating Financial Statements (Tables)
|
12 Months Ended |
Dec. 31, 2017 |
|---|
| Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
|
| Condensed consolidating balance sheets |
Condensed Consolidating Balance Sheets As of December 31, 2017 (In millions)
| | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Parent | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Eliminations | | Consolidated | ASSETS | Current Assets: | | | | | | | | | | Cash and cash equivalents | $ | 1.6 |
| | $ | 28.0 |
| | $ | 38.6 |
| | $ | — |
| | $ | 68.2 |
| Accounts and notes receivable, net | — |
| | 35.3 |
| | 471.2 |
| | — |
| | 506.5 |
| Inventories, net | — |
| | 355.7 |
| | 131.9 |
| | (3.4 | ) | | 484.2 |
| Other assets | 16.2 |
| | 23.1 |
| | 67.5 |
| | (28.4 | ) | | 78.4 |
| Total current assets | 17.8 |
| | 442.1 |
| | 709.2 |
| | (31.8 | ) | | 1,137.3 |
| Property, plant and equipment, net | — |
| | 257.6 |
| | 144.4 |
| | (4.2 | ) | | 397.8 |
| Goodwill | — |
| | 134.9 |
| | 65.6 |
| | — |
| | 200.5 |
| Investment in subsidiaries | 1,257.7 |
| | 365.8 |
| | (0.6 | ) | | (1,622.9 | ) | | — |
| Deferred income taxes | 3.9 |
| | 69.1 |
| | 33.6 |
| | (12.2 | ) | | 94.4 |
| Other assets, net | 2.1 |
| | 41.3 |
| | 19.6 |
| | (1.5 | ) | | 61.5 |
| Intercompany receivables (payables), net | (559.3 | ) | | 554.7 |
| | 107.4 |
| | (102.8 | ) | | — |
| Total assets | $ | 722.2 |
| | $ | 1,865.5 |
| | $ | 1,079.2 |
| | $ | (1,775.4 | ) | | $ | 1,891.5 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | Current liabilities: | | | | | | | | | | Short-term debt | $ | — |
| | $ | — |
| | $ | 0.9 |
| | $ | — |
| | $ | 0.9 |
| Current maturities of long-term debt | 29.4 |
| | 2.9 |
| | 0.3 |
| | — |
| | 32.6 |
| Accounts payable | 21.3 |
| | 228.0 |
| | 99.3 |
| | — |
| | 348.6 |
| Accrued expenses | 3.1 |
| | 209.4 |
| | 57.8 |
| | — |
| | 270.3 |
| Income taxes payable | (64.5 | ) | | 56.5 |
| | 60.9 |
| | (50.8 | ) | | 2.1 |
| Total current liabilities | (10.7 | ) | | 496.8 |
| | 219.2 |
| | (50.8 | ) | | 654.5 |
| Long-term debt | 682.8 |
| | 11.7 |
| | 276.0 |
| | — |
| | 970.5 |
| Post-retirement benefits, other than pensions | — |
| | 2.6 |
| | — |
| | — |
| | 2.6 |
| Pensions | — |
| | 74.7 |
| | 9.8 |
| | — |
| | 84.5 |
| Other liabilities | — |
| | 120.6 |
| | 8.7 |
| | — |
| | 129.3 |
| Total liabilities | 672.1 |
| | 706.4 |
| | 513.7 |
| | (50.8 | ) | | 1,841.4 |
| Commitments and contingencies |
| |
| |
| |
| |
| Total stockholders' equity | 50.1 |
| | 1,159.1 |
| | 565.5 |
| | (1,724.6 | ) | | 50.1 |
| Total liabilities and stockholders' equity | $ | 722.2 |
| | $ | 1,865.5 |
| | $ | 1,079.2 |
| | $ | (1,775.4 | ) | | $ | 1,891.5 |
|
Condensed Consolidating Balance Sheets As of December 31, 2016 (In millions) | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Parent | | Guarantor
Subsidiaries | | Non-Guarantor
Subsidiaries | | Eliminations | | Consolidated | ASSETS | Current Assets: | | | | | | | | | | Cash and cash equivalents | $ | 1.2 |
| | $ | 17.1 |
| | $ | 31.9 |
| | $ | — |
| | $ | 50.2 |
| Accounts and notes receivable, net | — |
| | 30.6 |
| | 439.2 |
| | — |
| | 469.8 |
| Inventories, net | — |
| | 314.7 |
| | 108.9 |
| | (5.1 | ) | | 418.5 |
| Other assets | 12.8 |
| | 48.8 |
| | 67.5 |
| | (61.7 | ) | | 67.4 |
| Total current assets | 14.0 |
| | 411.2 |
| | 647.5 |
| | (66.8 | ) | | 1,005.9 |
| Property, plant and equipment, net | — |
| | 237.6 |
| | 123.8 |
| | — |
| | 361.4 |
| Goodwill | — |
| | 134.9 |
| | 60.2 |
| | — |
| | 195.1 |
| Investment in subsidiaries | 1,166.9 |
| | 524.7 |
| | (0.5 | ) | | (1,691.1 | ) | | — |
| Deferred income taxes | 6.8 |
| | 113.5 |
| | 31.1 |
| | (14.7 | ) | | 136.7 |
| Other assets, net | 3.6 |
| | 40.0 |
| | 19.0 |
| | (1.4 | ) | | 61.2 |
| Intercompany receivables (payables), net | (382.4 | ) | | 375.2 |
| | 80.4 |
| | (73.2 | ) | | — |
| Total assets | $ | 808.9 |
| | $ | 1,837.1 |
| | $ | 961.5 |
| | $ | (1,847.2 | ) | | $ | 1,760.3 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | Current liabilities: | | | | | | | | | | Short-term debt | $ | — |
| | $ | — |
| | $ | 52.4 |
| | $ | — |
| | $ | 52.4 |
| Current maturities of long-term debt | 199.3 |
| | 0.4 |
| | 0.4 |
| | — |
| | 200.1 |
| Accounts payable | 18.5 |
| | 248.5 |
| | 94.2 |
| | — |
| | 361.2 |
| Accrued expenses | 6.3 |
| | 206.3 |
| | 53.3 |
| | — |
| | 265.9 |
| Income taxes payable | (54.0 | ) | | 89.8 |
| | 52.5 |
| | (79.3 | ) | | 9.0 |
| Total current liabilities | 170.1 |
| | 545.0 |
| | 252.8 |
| | (79.3 | ) | | 888.6 |
| Long-term debt | 600.9 |
| | 14.5 |
| | 0.3 |
| | — |
| | 615.7 |
| Post-retirement benefits, other than pensions | — |
| | 2.8 |
| | — |
| | — |
| | 2.8 |
| Pensions | — |
| | 75.5 |
| | 12.0 |
| | — |
| | 87.5 |
| Other liabilities | — |
| | 119.1 |
| | 11.1 |
| | (2.5 | ) | | 127.7 |
| Total liabilities | 771.0 |
| | 756.9 |
| | 276.2 |
| | (81.8 | ) | | 1,722.3 |
| Commitments and contingencies | | | | | | | | | | Total stockholders' equity | 37.9 |
| | 1,080.2 |
| | 685.3 |
| | (1,765.4 | ) | | 38.0 |
| Total liabilities and stockholders' equity | $ | 808.9 |
| | $ | 1,837.1 |
| | $ | 961.5 |
| | $ | (1,847.2 | ) | | $ | 1,760.3 |
|
|
| Condensed consolidating statements of operations and comprehensive income |
Condensed Consolidating Statements of Operations and Comprehensive Income For the Year Ended December 31, 2017 (In millions) | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Parent | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Eliminations | | Consolidated | Net Sales | $ | — |
| | $ | 3,295.8 |
| | $ | 1,144.2 |
| | $ | (600.4 | ) | | $ | 3,839.6 |
| Cost of goods sold | — |
| | 2,359.6 |
| | 953.6 |
| | (598.8 | ) | | 2,714.4 |
| Gross profit | — |
| | 936.2 |
| | 190.6 |
| | (1.6 | ) | | 1,125.2 |
| Operating expenses: | | | | | | | | | | Selling, general and administrative expenses | — |
| | 553.6 |
| | 85.0 |
| | (0.9 | ) | | 637.7 |
| Losses (gains) and other expenses, net | 2.0 |
| | 4.4 |
| | 1.9 |
| | (0.1 | ) | | 8.2 |
| Restructuring charges | — |
| | 2.1 |
| | 1.1 |
| | — |
| | 3.2 |
| Goodwill impairment | — |
| | — |
| | — |
| | — |
| | — |
| Asset impairment | — |
| | — |
| | — |
| | — |
| | — |
| Pension settlement | — |
| | — |
| | — |
| | — |
| | — |
| (Income) loss from equity method investments | (324.3 | ) | | (74.9 | ) | | (14.5 | ) | | 395.3 |
| | (18.4 | ) | Operational income | 322.3 |
| | 451.0 |
| | 117.1 |
| | (395.9 | ) | | 494.5 |
| Interest expense, net | 26.9 |
| | (2.7 | ) | | 6.4 |
| | — |
| | 30.6 |
| Other income, net | — |
| | — |
| | (0.1 | ) | | — |
| | (0.1 | ) | Income from continuing operations before income taxes | 295.4 |
|
| 453.7 |
| | 110.8 |
| | (395.9 | ) | | 464.0 |
| Provision for income taxes | (10.3 | ) | | 136.2 |
| | 31.2 |
| | (0.2 | ) | | 156.9 |
| Income from continuing operations | 305.7 |
| | 317.5 |
| | 79.6 |
| | (395.7 | ) | | 307.1 |
| Loss from discontinued operations | — |
| | — |
| | (1.4 | ) | | — |
| | (1.4 | ) | Net income | $ | 305.7 |
| | $ | 317.5 |
| | $ | 78.2 |
| | $ | (395.7 | ) | | $ | 305.7 |
| Other comprehensive income (loss) | $ | 1.7 |
| | $ | 5.5 |
| | $ | 30.5 |
| | $ | — |
| | $ | 37.7 |
| Comprehensive Income | $ | 307.4 |
| | $ | 323.0 |
| | $ | 108.7 |
| | $ | (395.7 | ) | | $ | 343.4 |
|
Condensed Consolidating Statements of Operations and Comprehensive Income For the Year Ended December 31, 2016 (In millions) | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Parent | | Guarantor Subsidiaries | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | Net sales | $ | — |
| | $ | 3,117.6 |
| | $ | 728.0 |
| | $ | (204.0 | ) | | $ | 3,641.6 |
| Cost of goods sold | — |
| | 2,203.8 |
| | 564.5 |
| | (203.2 | ) | | 2,565.1 |
| Gross profit | — |
| | 913.8 |
| | 163.5 |
| | (0.8 | ) | | 1,076.5 |
| Operating expenses: | | | | | | | | | | Selling, general and administrative expenses | — |
| | 524.3 |
| | 96.7 |
| | — |
| | 621.0 |
| Losses (gains) and other expenses, net | (3.3 | ) | | 9.7 |
| | 5.1 |
| | (0.2 | ) | | 11.3 |
| Restructuring charges | — |
| | 1.9 |
| | (0.1 | ) | | — |
| | 1.8 |
| Goodwill Impairment | — |
| | — |
| | — |
| | — |
| | — |
| Asset Impairment | — |
| | — |
| | — |
| | — |
| | — |
| Pension settlement
| — |
| | 30.5 |
| | 0.9 |
| | — |
| | 31.4 |
| (Income) loss from equity method investments | (292.4 | ) | | (40.7 | ) | | (14.4 | ) | | 329.1 |
| | (18.4 | ) | Operational income | 295.7 |
| | 388.1 |
| | 75.3 |
| | (329.7 | ) | | 429.4 |
| Interest expense, net | 24.4 |
| | (2.2 | ) | | 4.8 |
| | — |
| | 27.0 |
| Other income, net | — |
| | — |
| | (0.3 | ) | | — |
| | (0.3 | ) | Income from continuing operations before income taxes | 271.3 |
| | 390.3 |
| | 70.8 |
| | (329.7 | ) | | 402.7 |
| Provision for income taxes | (6.5 | ) | | 108.2 |
| | 22.6 |
| | (0.2 | ) | | 124.1 |
| Income from continuing operations | 277.8 |
| | 282.1 |
| | 48.2 |
| | (329.5 | ) | | 278.6 |
| Loss from discontinued operations | — |
| | — |
| | (0.8 | ) | | — |
| | (0.8 | ) | Net income | $ | 277.8 |
| | $ | 282.1 |
| | $ | 47.4 |
| | $ | (329.5 | ) | | $ | 277.8 |
| Other comprehensive income (loss) | $ | 14.0 |
| | $ | 8.5 |
| | $ | (14.2 | ) | | $ | 1.3 |
| | $ | 9.6 |
| Comprehensive income | $ | 291.8 |
| | $ | 290.6 |
| | $ | 33.2 |
| | $ | (328.2 | ) | | $ | 287.4 |
|
Condensed Consolidating Statements of Operations and Comprehensive Income For the Year Ended December 31, 2015 (In millions) | | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Parent | | Guarantor
Subsidiaries | | Non-Guarantor
Subsidiaries | | Eliminations | | Consolidated | Net Sales | $ | — |
| | $ | 2,950.6 |
| | $ | 701.8 |
| | $ | (185.0 | ) | | $ | 3,467.4 |
| Cost of goods sold | — |
| | 2,150.9 |
| | 556.4 |
| | (187.3 | ) | | 2,520.0 |
| Gross profit | — |
| | 799.7 |
| | 145.4 |
| | 2.3 |
| | 947.4 |
| Operating expenses: | | | | | | | | | | Selling, general and administrative expenses | — |
| | 485.6 |
| | 94.9 |
| | — |
| | 580.5 |
| Losses (gains) and other expenses, net | 0.7 |
| | 13.7 |
| | 7.5 |
| | (0.2 | ) | | 21.7 |
| Restructuring charges | — |
| — |
| (0.5 | ) | | 3.7 |
| | — |
| | 3.2 |
| Goodwill impairment | — |
| | 5.5 |
| | — |
| | — |
| | 5.5 |
| Asset impairment | — |
| | 44.5 |
| | — |
| | — |
| | 44.5 |
| Pension settlement | — |
| | — |
| | — |
| | — |
| | — |
| (Income) loss from equity method investments | (201.8 | ) | | (5.9 | ) | | (10.5 | ) | | 204.8 |
| | (13.4 | ) | Operational income | 201.1 |
| | 256.8 |
| | 49.8 |
| | (202.3 | ) | | 305.4 |
| Interest expense, net | 22.4 |
| | (2.0 | ) | | 3.2 |
| | — |
| | 23.6 |
| Other income, net | — |
| | — |
| | (0.8 | ) | | — |
| | (0.8 | ) | Income from continuing operations before income taxes | 178.7 |
| | 258.8 |
| | 47.4 |
| | (202.3 | ) | | 282.6 |
| Provision for income taxes | (7.8 | ) | | 87.9 |
| | 14.3 |
| | 1.0 |
| | 95.4 |
| Income from continuing operations | 186.5 |
| | 170.9 |
| | 33.1 |
| | (203.3 | ) | | 187.2 |
| Loss from discontinued operations | — |
| | — |
| | (0.6 | ) | | — |
| | (0.6 | ) | Net income | $ | 186.5 |
| | $ | 170.9 |
| | $ | 32.5 |
| | $ | (203.3 | ) | | $ | 186.6 |
| Other comprehensive income (loss) | $ | (3.5 | ) | | $ | (3.3 | ) | | $ | (40.4 | ) | | $ | (4.0 | ) | | $ | (51.2 | ) | Comprehensive Income | $ | 183.0 |
| | $ | 167.6 |
| | $ | (7.9 | ) | | $ | (207.3 | ) | | $ | 135.4 |
|
|
| Condensed consolidating statements of cash flows |
Condensed Consolidating Statements of Cash Flows For the Year Ended December 31, 2017 (In millions) | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Cash flows from operating activities: | $ | 467.4 |
| | $ | 31.1 |
| | $ | (173.4 | ) | | $ | — |
| | $ | 325.1 |
| Cash flows from investing activities: | | | | | | | | | | Proceeds from the disposal of property, plant and equipment | — |
| | 0.1 |
| | 0.1 |
| | — |
| | 0.2 |
| Purchases of property, plant and equipment | — |
| | (70.7 | ) | | (27.6 | ) | | — |
| | (98.3 | ) | Net cash used in investing activities | — |
| | (70.6 | ) | | (27.5 | ) | | — |
| | (98.1 | ) | Cash flows from financing activities: | | | | | | | | | | Short-term borrowings, net | — |
| | — |
| | (1.5 | ) | | — |
| | (1.5 | ) | Asset securitization borrowings | — |
| | — |
| | 315.0 |
| | — |
| | 315.0 |
| Asset securitization payments | — |
| | — |
| | (89.0 | ) | | — |
| | (89.0 | ) | Long-term debt borrowings
| — |
| | — |
| | — |
| | — |
| | — |
| Borrowings from credit facility | 2,376.5 |
| | — |
| | — |
| | — |
| | 2,376.5 |
| Long-term debt payments | (200.0 | ) | | (0.3 | ) | | (0.6 | ) | | — |
| | (200.9 | ) | Payments on credit facility | (2,265.5 | ) | | — |
| | — |
| | — |
| | (2,265.5 | ) | Payments of deferred financing costs
| — |
| | — |
| | (0.2 | ) | | — |
| | (0.2 | ) | Proceeds from employee stock purchases | 3.1 |
| | — |
| | — |
| | — |
| | 3.1 |
| Repurchases of common stock to satisfy employee withholding tax obligations | (26.1 | ) | | — |
| | — |
| | — |
| | (26.1 | ) | Repurchases of common stock
| (250.0 | ) | | — |
| | — |
| | — |
| | (250.0 | ) | Excess tax benefits related to share-based payments | — |
| | — |
| | — |
| | — |
| | — |
| Intercompany debt | 56.4 |
| | (34.9 | ) | | (21.5 | ) | | — |
| | — |
| Intercompany financing activity | (81.7 | ) | | 85.6 |
| | (3.9 | ) | | — |
| | — |
| Cash dividends paid | (79.7 | ) | | — |
| | — |
| | — |
| | (79.7 | ) | Net cash provided by (used in) financing activities | (467.0 | ) | | 50.4 |
| | 198.3 |
| | — |
| | (218.3 | ) | Increase (decrease) in cash and cash equivalents | 0.4 |
| | 10.9 |
| | (2.6 | ) | | — |
|
| 8.7 |
| Effect of exchange rates on cash and cash equivalents | — |
| | — |
| | 9.3 |
| | — |
| | 9.3 |
| Cash and cash equivalents, beginning of year | 1.2 |
| | 17.1 |
| | 31.9 |
| | — |
| | 50.2 |
| Cash and cash equivalents, end of year | $ | 1.6 |
| | $ | 28.0 |
| | $ | 38.6 |
| | $ | — |
| | $ | 68.2 |
|
Condensed Consolidating Statements of Cash Flows For the Year Ended December 31, 2016 (In millions) | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Cash flows from operating activities: | $ | 17.8 |
| | $ | 218.5 |
| | $ | 137.6 |
| | $ | — |
| | $ | 373.9 |
| Cash flows from investing activities: | | | | | | | | | | Proceeds from the disposal of property, plant and equipment | — |
| | — |
| | 0.2 |
| | — |
| | 0.2 |
| Purchases of property, plant and equipment | — |
| | (71.5 | ) | | (12.8 | ) | | — |
| | (84.3 | ) | Net cash used in investing activities | — |
| | (71.5 | ) | | (12.6 | ) | | — |
| | (84.1 | ) | Cash flows from financing activities: |
| |
| |
| |
| |
| Short-term borrowings, net | — |
| | — |
| | (2.4 | ) | | — |
| | (2.4 | ) | Asset securitization borrowings | — |
| | — |
| | 145.0 |
| | — |
| | 145.0 |
| Asset securitization payments | — |
| | — |
| | (295.0 | ) | | — |
| | (295.0 | ) | Long-term debt borrowings
| 350.0 |
| | — |
| | — |
| | — |
| | 350.0 |
| Borrowings from credit facility | 2,336.5 |
| | — |
| | — |
| | — |
| | 2,336.5 |
| Long-term debt payments | (57.5 | ) | | (0.9 | ) | | (0.4 | ) | | — |
| | (58.8 | ) | Payments on credit facility | (2,346.0 | ) | | — |
| | — |
| | — |
| | (2,346.0 | ) | Payments of deferred financing costs
| (4.2 | ) | | — |
| | — |
| | — |
| | (4.2 | ) | Proceeds from employee stock purchases | 2.6 |
| | — |
| | — |
| | — |
| | 2.6 |
| Repurchases of common stock to satisfy employee withholding tax obligations | (33.3 | ) | | — |
| | — |
| | — |
| | (33.3 | ) | Repurchases of common stock
| (300.0 | ) | | — |
| | — |
| | — |
| | (300.0 | ) | Intercompany debt | 30.0 |
| | (65.8 | ) | | 35.8 |
| | — |
| | — |
| Intercompany financing activity | 73.8 |
| | (71.0 | ) | | (2.8 | ) | | — |
| | — |
| Cash dividends paid | (69.0 | ) | | — |
| | — |
| | — |
| | (69.0 | ) | Net cash provided by (used in) financing activities | (17.1 | ) | | (137.7 | ) | | (119.8 | ) | | — |
| | (274.6 | ) | Increase (decrease) in cash and cash equivalents | 0.7 |
| | 9.3 |
| | 5.2 |
| | — |
| | 15.2 |
| Effect of exchange rates on cash and cash equivalents | — |
| | — |
| | (3.9 | ) | | — |
| | (3.9 | ) | Cash and cash equivalents, beginning of year | 0.5 |
| | 7.8 |
| | 30.6 |
| | — |
| | 38.9 |
| Cash and cash equivalents, end of year | $ | 1.2 |
| | $ | 17.1 |
| | $ | 31.9 |
| | $ | — |
| | $ | 50.2 |
|
Condensed Consolidating Statements of Cash Flows For the Year Ended December 31, 2015 (In millions) | | | | | | | | | | | | | | | | | | | | | (Amounts in millions) | Parent | | Guarantor Subsidiaries | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Cash flows from operating activities: | $ | 249.3 |
| | $ | 49.3 |
| | $ | 55.0 |
| | $ | — |
| | $ | 353.6 |
| Cash flows from investing activities: | | | | | | | | | | Proceeds from the disposal of property, plant and equipment | — |
| | 0.1 |
| | — |
| | — |
| | 0.1 |
| Purchases of property, plant and equipment | — |
| | (60.2 | ) | | (9.7 | ) | | — |
| | (69.9 | ) | Net cash used in investing activities
| — |
| | (60.1 | ) | | (9.7 | ) | | — |
| | (69.8 | ) | Cash flows from financing activities: |
| |
| |
| |
| |
| Short-term borrowings, net | — |
| | — |
| | (1.7 | ) | | — |
| | (1.7 | ) | Asset securitization borrowings | — |
| | — |
| | 40.0 |
| | — |
| | 40.0 |
| Asset securitization payments | — |
| | — |
| | (60.0 | ) | | — |
| | (60.0 | ) | Long-term debt borrowings
| — |
| | — |
| | — |
| | — |
| | — |
| Borrowings from revolving credit facility | 1,671.0 |
| | — |
| | — |
| | — |
| | 1,671.0 |
| Long-term debt payments | (22.5 | ) | | (1.2 | ) | | (0.3 | ) | | — |
| | (24.0 | ) | Payments on revolving credit facility | (1,807.5 | ) | | — |
| | — |
| | — |
| | (1,807.5 | ) | Payments of deferred financing costs
| — |
| | — |
| | — |
| | — |
| | — |
| Proceeds from employee stock purchases | 2.4 |
| | — |
| | — |
| | — |
| | 2.4 |
| Repurchases of common stock to satisfy employee withholding tax obligations | (32.0 | ) | | — |
| | — |
| | — |
| | (32.0 | ) | Repurchases of common stock | — |
| | — |
| | — |
| | — |
| | — |
| Intercompany debt | (9.4 | ) | | 7.1 |
| | 2.3 |
| | — |
| | — |
| Intercompany financing activity | 7.5 |
| | 1.2 |
| | (8.7 | ) | | — |
| | — |
| Cash dividends paid | (59.3 | ) | | — |
| | — |
| | — |
| | (59.3 | ) | Net cash provided by (used in) financing activities | (249.8 | ) | | 7.1 |
| | (28.4 | ) | | — |
| | (271.1 | ) | Decrease in cash and cash equivalents | (0.5 | ) | | (3.7 | ) | | 16.9 |
| | — |
| | 12.7 |
| Effect of exchange rates on cash and cash equivalents | — |
| | — |
| | (11.3 | ) | | — |
| | (11.3 | ) | Cash and cash equivalents, beginning of year | 1.0 |
| | 11.5 |
| | 25.0 |
| | — |
| | 37.5 |
| Cash and cash equivalents, end of year | $ | 0.5 |
| | $ | 7.8 |
| | $ | 30.6 |
| | $ | — |
| | $ | 38.9 |
|
|