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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables)
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract]    
Condensed Consolidating Statement of Operations
Condensed Consolidating Statement of Operations
For the Nine Months Ended September 30, 2018
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
Net sales
$
1,236.8

 
$
1,624.3

 
$
337.2

 
$
(337.4
)
 
$
2,860.9

Cost of sales
966.5

 
1,406.2

 
261.5

 
(329.9
)
 
2,304.3

Selling, general and administrative expenses
176.6

 
65.4

 
34.3

 
(7.5
)
 
268.8

Depreciation and amortization
74.9

 
67.4

 
19.7

 
—

 
162.0

Restructuring, impairment and transaction-related charges
6.8

 
29.0

 
4.8

 
—

 
40.6

Total operating expenses
1,224.8

 
1,568.0

 
320.3

 
(337.4
)
 
2,775.7

Operating income (loss) from continuing operations
$
12.0

 
$
56.3

 
$
16.9

 
$
—

 
$
85.2

Interest expense (income)
47.7

 
2.3

 
3.9

 
—

 
53.9

Net pension income
—

 
(9.3
)
 
—

 
—

 
(9.3
)
Earnings (loss) from continuing operations before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities
(35.7
)
 
63.3

 
13.0

 
—

 
40.6

Income tax expense (benefit)
(8.7
)
 
7.7

 
1.2

 
—

 
0.2

Earnings (loss) from continuing operations before equity in (earnings) loss of consolidated and unconsolidated entities
(27.0
)
 
55.6

 
11.8

 
—

 
40.4

Equity in (earnings) loss of consolidated entities
(56.3
)
 
(4.4
)
 
—

 
60.7

 
—

Equity in (earnings) loss of unconsolidated entity
—

 
—

 
(0.7
)
 
—

 
(0.7
)
Net earnings (loss) from continuing operations
29.3

 
60.0

 
12.5

 
(60.7
)
 
41.1

Loss from discontinued operations, net of tax
—

 
(12.6
)
 
—

 
—

 
(12.6
)
Net earnings (loss)
29.3

 
47.4

 
12.5

 
(60.7
)
 
28.5

Less: net earnings (loss) attributable to noncontrolling interests
—

 
—

 
(0.8
)
 
—

 
(0.8
)
Net earnings (loss) attributable to Quad common shareholders
$
29.3

 
$
47.4

 
$
13.3

 
$
(60.7
)
 
$
29.3


Condensed Consolidating Statement of Operations
For the Nine Months Ended September 30, 2019
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
Net sales
$
1,180.9

 
$
1,631.2

 
$
363.6

 
$
(322.2
)
 
$
2,853.5

Cost of sales
957.3

 
1,393.1

 
286.9

 
(313.0
)
 
2,324.3

Selling, general and administrative expenses
184.6

 
75.1

 
40.0

 
(9.2
)
 
290.5

Depreciation and amortization
67.1

 
72.1

 
20.1

 
—

 
159.3

Restructuring, impairment and transaction-related charges
61.8

 
4.4

 
7.5

 
—

 
73.7

Total operating expenses
1,270.8

 
1,544.7

 
354.5

 
(322.2
)
 
2,847.8

Operating income (loss) from continuing operations
$
(89.9
)
 
$
86.5

 
$
9.1

 
$
—

 
$
5.7

Interest expense (income)
64.6

 
1.3

 
3.7

 
—

 
69.6

Net pension income
—

 
(4.5
)
 
—

 
—

 
(4.5
)
Loss (gain) on debt extinguishment
30.5

 
—

 
—

 
—

 
30.5

Earnings (loss) from continuing operations before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities
(185.0
)
 
89.7

 
5.4

 
—

 
(89.9
)
Income tax expense (benefit)
(48.6
)
 
20.3

 
0.3

 
—

 
(28.0
)
Earnings (loss) from continuing operations before equity in (earnings) loss of consolidated and unconsolidated entities
(136.4
)
 
69.4

 
5.1

 
—

 
(61.9
)
Equity in (earnings) loss of consolidated entities
27.4

 
(1.0
)
 
—

 
(26.4
)
 
—

Equity in (earnings) loss of unconsolidated entity
—

 
—

 
0.9

 
—

 
0.9

Net earnings (loss) from continuing operations
(163.8
)
 
70.4

 
4.2

 
26.4

 
(62.8
)
Loss from discontinued operations, net of tax
—

 
(101.1
)
 
—

 
—

 
(101.1
)
Net earnings (loss)
(163.8
)
 
(30.7
)
 
4.2

 
26.4

 
(163.9
)
Less: net earnings (loss) attributable to noncontrolling interests
—

 
—

 
(0.1
)
 
—

 
(0.1
)
Net earnings (loss) attributable to Quad common shareholders
$
(163.8
)
 
$
(30.7
)
 
$
4.3

 
$
26.4

 
$
(163.8
)

Condensed Consolidating Statement of Operations
For the Three Months Ended September 30, 2019
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
Net sales
$
396.9

 
$
539.3

 
$
118.7

 
$
(111.3
)
 
$
943.6

Cost of sales
323.7

 
457.8

 
91.0

 
(108.0
)
 
764.5

Selling, general and administrative expenses
62.6

 
25.8

 
14.5

 
(3.3
)
 
99.6

Depreciation and amortization
21.6

 
24.0

 
6.6

 
—

 
52.2

Restructuring, impairment and transaction-related charges
58.0

 
(3.6
)
 
2.3

 
—

 
56.7

Total operating expenses
465.9

 
504.0

 
114.4

 
(111.3
)
 
973.0

Operating income (loss) from continuing operations
$
(69.0
)
 
$
35.3

 
$
4.3

 
$
—

 
$
(29.4
)
Interest expense (income)
20.3

 
0.5

 
1.2

 
—

 
22.0

Net pension income
—

 
(1.5
)
 
—

 
—

 
(1.5
)
Loss (gain) on debt extinguishment
14.6

 
—

 
—

 
—

 
14.6

Earnings (loss) from continuing operations before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities
(103.9
)
 
36.3

 
3.1

 
—

 
(64.5
)
Income tax expense (benefit)
(30.0
)
 
11.6

 
0.8

 
—

 
(17.6
)
Earnings (loss) from continuing operations before equity in (earnings) loss of consolidated and unconsolidated entities
(73.9
)
 
24.7

 
2.3

 
—

 
(46.9
)
Equity in (earnings) loss of consolidated entities
52.6

 
1.1

 
—

 
(53.7
)
 
—

Equity in (earnings) loss of unconsolidated entity
—

 
—

 
0.1

 
—

 
0.1

Net earnings (loss) from continuing operations
(126.5
)
 
23.6

 
2.2

 
53.7

 
(47.0
)
Loss from discontinued operations, net of tax
—

 
(79.4
)
 
—

 
—

 
(79.4
)
Net earnings (loss)
(126.5
)
 
(55.8
)
 
2.2

 
53.7

 
(126.4
)
Less: net earnings (loss) attributable to noncontrolling interests
—

 
—

 
0.1

 
—

 
0.1

Net earnings (loss) attributable to Quad common shareholders
$
(126.5
)
 
$
(55.8
)
 
$
2.1

 
$
53.7

 
$
(126.5
)
Condensed Consolidating Statement of Operations
For the Three Months Ended September 30, 2018
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
Net sales
$
426.0

 
$
571.2

 
$
110.3

 
$
(134.0
)
 
$
973.5

Cost of sales
326.1

 
497.9

 
84.5

 
(131.5
)
 
777.0

Selling, general and administrative expenses
57.8

 
22.1

 
11.8

 
(2.5
)
 
89.2

Depreciation and amortization
24.7

 
22.4

 
7.9

 
—

 
55.0

Restructuring, impairment and transaction-related charges
(2.5
)
 
5.7

 
2.1

 
—

 
5.3

Total operating expenses
406.1

 
548.1

 
106.3

 
(134.0
)
 
926.5

Operating income (loss) from continuing operations
$
19.9

 
$
23.1

 
$
4.0

 
$
—

 
$
47.0

Interest expense (income)
16.3

 
0.7

 
1.3

 
—

 
18.3

Net pension income
—

 
(3.1
)
 
—

 
—

 
(3.1
)
Earnings (loss) from continuing operations before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities
3.6

 
25.5

 
2.7

 
—

 
31.8

Income tax expense (benefit)
1.2

 
2.8

 
0.5

 
—

 
4.5

Earnings (loss) from continuing operations before equity in (earnings) loss of consolidated and unconsolidated entities
2.4

 
22.7

 
2.2

 
—

 
27.3

Equity in (earnings) loss of consolidated entities
(21.0
)
 
(1.5
)
 
—

 
22.5

 
—

Equity in (earnings) loss of unconsolidated entity
—

 
—

 
(0.2
)
 
—

 
(0.2
)
Net earnings (loss) from continuing operations
23.4

 
24.2

 
2.4

 
(22.5
)
 
27.5

Loss from discontinued operations, net of tax
—

 
(5.0
)
 
—

 
—

 
(5.0
)
Net earnings (loss)
23.4

 
19.2

 
2.4

 
(22.5
)
 
22.5

Less: net earnings (loss) attributable to noncontrolling interests
—

 
—

 
(0.9
)
 
—

 
(0.9
)
Net earnings (loss) attributable to Quad common shareholders
$
23.4

 
$
19.2

 
$
3.3

 
$
(22.5
)
 
$
23.4
Condensed Consolidating Statement of Comprehensive Income (Loss)
Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended September 30, 2018
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
Net earnings (loss)
$
23.4

 
$
19.2

 
$
2.4

 
$
(22.5
)
 
$
22.5

Other comprehensive income (loss), net of tax
1.4

 
(1.9
)
 
(0.4
)
 
2.3

 
1.4

Total comprehensive income (loss)
24.8

 
17.3

 
2.0

 
(20.2
)
 
23.9

Less: comprehensive earnings (loss) attributable to noncontrolling interests
—

 
—

 
(0.9
)
 
—

 
(0.9
)
Comprehensive income (loss) attributable to Quad common shareholders
$
24.8

 
$
17.3

 
$
2.9

 
$
(20.2
)
 
$
24.8

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2019
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
Net earnings (loss)
$
(163.8
)
 
$
(30.7
)
 
$
4.2

 
$
26.4

 
$
(163.9
)
Other comprehensive income (loss), net of tax
(15.8
)
 
(2.2
)
 
(6.0
)
 
8.2

 
(15.8
)
Total comprehensive income (loss)
(179.6
)
 
(32.9
)
 
(1.8
)
 
34.6

 
(179.7
)
Less: comprehensive earnings (loss) attributable to noncontrolling interests
—

 
—

 
(0.1
)
 
—

 
(0.1
)
Comprehensive income (loss) attributable to Quad common shareholders
$
(179.6
)
 
$
(32.9
)
 
$
(1.7
)
 
$
34.6

 
$
(179.6
)

Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2018
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
Net earnings (loss)
$
29.3

 
$
47.4

 
$
12.5

 
$
(60.7
)
 
$
28.5

Other comprehensive income (loss), net of tax
(4.7
)
 
(4.8
)
 
(9.8
)
 
14.6

 
(4.7
)
Total comprehensive income (loss)
24.6

 
42.6

 
2.7

 
(46.1
)
 
23.8

Less: comprehensive earnings (loss) attributable to noncontrolling interests
—

 
—

 
(0.8
)
 
—

 
(0.8
)
Comprehensive income (loss) attributable to Quad common shareholders
$
24.6

 
$
42.6

 
$
3.5

 
$
(46.1
)
 
$
24.6



Condensed Consolidating Statement of Comprehensive Income (Loss)
For the Three Months Ended September 30, 2019
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
Net earnings (loss)
$
(126.5
)
 
$
(55.8
)
 
$
2.2

 
$
53.7

 
$
(126.4
)
Other comprehensive income (loss), net of tax
(9.7
)
 
(1.6
)
 
(7.3
)
 
8.9

 
(9.7
)
Total comprehensive income (loss)
(136.2
)
 
(57.4
)
 
(5.1
)
 
62.6

 
(136.1
)
Less: comprehensive earnings (loss) attributable to noncontrolling interests
—

 
—

 
0.1

 
—

 
0.1

Comprehensive income (loss) attributable to Quad common shareholders
$
(136.2
)
 
$
(57.4
)
 
$
(5.2
)
 
$
62.6

 
$
(136.2
)


  
Condensed Consolidating Balance Sheet
Condensed Consolidating Balance Sheet
As of September 30, 2019
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
6.7

 
$
2.3

 
$
9.2

 
$
—

 
$
18.2

Receivables, less allowances for doubtful accounts
356.6

 
32.2

 
83.2

 
—

 
472.0

Intercompany receivables
—

 
191.8

 
38.9

 
(230.7
)
 
—

Inventories
141.8

 
94.9

 
51.9

 
—

 
288.6

Other current assets
33.4

 
2.4

 
10.6

 
—

 
46.4

Current assets of discontinued operations
—

 
39.8

 
—

 
—

 
39.8

Total current assets
538.5

 
363.4

 
193.8

 
(230.7
)
 
865.0

 
 
 
 
 
 
 
 
 
 
Property, plant and equipment—net
618.2

 
321.0

 
140.4

 
—

 
1,079.6

Investment in consolidated entities
851.9

 
20.0

 
—

 
(871.9
)
 
—

Goodwill and intangible assets—net
1.7

 
202.4

 
48.6

 
—

 
252.7

Intercompany loan receivable
64.7

 
—

 
—

 
(64.7
)
 
—

Other long-term assets
54.7

 
137.3

 
55.2

 
—

 
247.2

Long-term assets of discontinued operations
—

 
23.5

 
—

 
—

 
23.5

Total assets
$
2,129.7

 
$
1,067.6

 
$
438.0

 
$
(1,167.3
)
 
$
2,468.0

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY
 
 
 
 
 
 
 
 
 
Accounts payable
$
244.0

 
$
87.8

 
$
84.5

 
$
—

 
$
416.3

Intercompany accounts payable
230.7

 
—

 
—

 
(230.7
)
 
—

Short-term debt and current portion of long-term debt and lease obligations
63.4

 
31.5

 
11.9

 
—

 
106.8

Other current liabilities
169.9

 
66.1

 
41.3

 
—

 
277.3

Current liabilities of discontinued operations
—

 
18.5

 
—

 
—

 
18.5

Total current liabilities
708.0

 
203.9

 
137.7

 
(230.7
)
 
818.9

 
 
 
 
 
 
 
 
 
 
Long-term debt and lease obligations
1,103.7

 
67.9

 
20.9

 
—

 
1,192.5

Intercompany loan payable
—

 
—

 
64.7

 
(64.7
)
 
—

Other long-term liabilities
77.0

 
122.1

 
13.4

 
—

 
212.5

Long-term liabilities of discontinued operations
—

 
3.1

 
—

 
—

 
3.1

Total liabilities
1,888.7

 
397.0

 
236.7

 
(295.4
)
 
2,227.0

 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity and noncontrolling interests
241.0

 
670.6

 
201.3

 
(871.9
)
 
241.0

Total liabilities and shareholders’ equity
$
2,129.7

 
$
1,067.6

 
$
438.0

 
$
(1,167.3
)
 
$
2,468.0


Condensed Consolidating Balance Sheet
As of December 31, 2018
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
60.3

 
$
2.9

 
$
6.3

 
$
—

 
$
69.5

Receivables, less allowances for doubtful accounts
347.1

 
63.1

 
87.4

 
—

 
497.6

Intercompany receivables
—

 
142.8

 
28.8

 
(171.6
)
 
—

Inventories
108.6

 
99.4

 
71.0

 
—

 
279.0

Other current assets
34.3

 
1.7

 
9.2

 
—

 
45.2

Current assets of discontinued operations
—

 
55.3

 
—

 
—

 
55.3

Total current assets
550.3

 
365.2

 
202.7

 
(171.6
)
 
946.6

 
 
 
 
 
 
 
 
 
 
Property, plant and equipment—net
647.7

 
343.3

 
158.1

 
—

 
1,149.1

Investment in consolidated entities
757.0

 
16.7

 
—

 
(773.7
)
 
—

Goodwill and intangible assets—net
1.7

 
101.2

 
54.2

 
—

 
157.1

Intercompany loan receivable
109.7

 
—

 
—

 
(109.7
)
 
—

Other long-term assets
42.5

 
5.7

 
45.0

 
—

 
93.2

Long-term assets of discontinued operations
—

 
123.1

 
—

 
—

 
123.1

Total assets
$
2,108.9

 
$
955.2

 
$
460.0

 
$
(1,055.0
)
 
$
2,469.1

 
 
 
 
 
 
 
 
 
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Accounts payable
$
250.8

 
$
137.8

 
$
107.7

 
$
—

 
$
496.3

Intercompany accounts payable
171.6

 
—

 
—

 
(171.6
)
 
—

Short-term debt and current portion of long-term debt and finance lease obligations
28.2

 
0.7

 
17.6

 
—

 
46.5

Other current liabilities
182.6

 
57.5

 
45.0

 
—

 
285.1

Current liabilities of discontinued operations
—

 
23.4

 
—

 
—

 
23.4

Total current liabilities
633.2

 
219.4

 
170.3

 
(171.6
)
 
851.3

 
 
 
 
 
 
 
 
 
 
Long-term debt and finance lease obligations
875.2

 
1.0

 
13.1

 
—

 
889.3

Intercompany loan payable
—

 
42.0

 
67.7

 
(109.7
)
 
—

Other long-term liabilities
140.3

 
114.6

 
9.0

 
—

 
263.9

Long-term liabilities of discontinued operations
—

 
4.4

 
—

 
—

 
4.4

Total liabilities
1,648.7

 
381.4

 
260.1

 
(281.3
)
 
2,008.9

 
 
 
 
 
 
 
 
 
 
Total shareholders’ equity and noncontrolling interests
460.2

 
573.8

 
199.9

 
(773.7
)
 
460.2

Total liabilities and shareholders’ equity
$
2,108.9

 
$
955.2

 
$
460.0

 
$
(1,055.0
)
 
$
2,469.1



  
Condensed Consolidating Statement of Cash Flows
Condensed Consolidating Statement of Cash Flows
For the Nine Months Ended September 30, 2019
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
OPERATING ACTIVITIES
 
 
 
 
 
 
 
 
 
Net cash from (used in) operating activities
$
(31.5
)
 
$
39.0

 
$
(3.4
)
 
$
—

 
$
4.1

 
 
 
 
 
 
 
 
 
 
INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
Purchases of property, plant and equipment
(42.5
)
 
(49.7
)
 
(6.3
)
 
—

 
(98.5
)
Acquisition related investing activities
—

 
(120.7
)
 
(0.3
)
 
—

 
(121.0
)
Intercompany investing activities
(199.1
)
 
(96.6
)
 
(0.3
)
 
296.0

 
—

Other investing activities
1.2

 
20.8

 
1.7

 
—

 
23.7

Net cash from (used in) investing activities
(240.4
)
 
(246.2
)
 
(5.2
)
 
296.0

 
(195.8
)
 
 
 
 
 
 
 
 
 
 
FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
Proceeds from issuance of long-term debt
1,277.6

 
—

 
6.5

 
—

 
1,284.1

Payments of long-term debt and finance lease obligations
(1,062.2
)
 
(5.2
)
 
(6.1
)
 
—

 
(1,073.5
)
Borrowings on revolving credit facilities
3,157.8

 
—

 
13.5

 
—

 
3,171.3

Payments on revolving credit facilities
(3,138.4
)
 
—

 
(21.7
)
 
—

 
(3,160.1
)
Payment of cash dividends
(49.2
)
 
—

 
—

 
—

 
(49.2
)
Intercompany financing activities
64.8

 
211.8

 
19.4

 
(296.0
)
 
—

Other financing activities
(32.1
)
 
—

 
—

 
—

 
(32.1
)
Net cash from (used in) financing activities
218.3

 
206.6

 
11.6

 
(296.0
)
 
140.5

 
 
 
 
 
 
 
 
 
 
Effect of exchange rates on cash and cash equivalents
—

 
—

 
(0.1
)
 
—

 
(0.1
)
Net increase (decrease) in cash and cash equivalents
(53.6
)
 
(0.6
)
 
2.9

 
—

 
(51.3
)
Cash and cash equivalents at beginning of period
60.3

 
2.9

 
6.3

 
—

 
69.5

Cash and cash equivalents at end of period
$
6.7

 
$
2.3

 
$
9.2

 
$
—

 
$
18.2


Condensed Consolidating Statement of Cash Flows
For the Nine Months Ended September 30, 2018
 
Quad/Graphics,
Inc.
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Total
OPERATING ACTIVITIES
 
 
 
 
 
 
 
 
 
Net cash from (used in) operating activities
$
34.7

 
$
(0.7
)
 
$
12.6

 
$
—

 
$
46.6

 
 
 
 
 
 
 
 
 
 
INVESTING ACTIVITIES
 
 
 
 
 
 
 
 
 
Purchases of property, plant and equipment
(18.4
)
 
(41.5
)
 
(25.1
)
 
—

 
(85.0
)
Acquisition related investing activities
—

 
(76.4
)
 
5.0

 
—

 
(71.4
)
Intercompany investing activities
(138.7
)
 
1.8

 
(0.5
)
 
137.4

 
—

Other investing activities
22.3

 
10.0

 
4.5

 
—

 
36.8

Net cash from (used in) investing activities
(134.8
)
 
(106.1
)
 
(16.1
)
 
137.4

 
(119.6
)
 
 
 
 
 
 
 
 
 
 
FINANCING ACTIVITIES
 
 
 
 
 
 
 
 
 
Proceeds from issuance of long-term debt
—

 
—

 
0.3

 
—

 
0.3

Payments of long-term debt and finance lease obligations
(26.6
)
 
(1.0
)
 
(5.1
)
 
—

 
(32.7
)
Borrowings on revolving credit facilities
1,813.9

 
—

 
16.1

 
—

 
1,830.0

Payments on revolving credit facilities
(1,677.8
)
 
—

 
(14.1
)
 
—

 
(1,691.9
)
Purchases of treasury stock
(36.7
)
 
—

 
—

 
—

 
(36.7
)
Payment of cash dividends
(47.5
)
 
—

 
—

 
—

 
(47.5
)
Intercompany financing activities
29.8

 
105.8

 
1.8

 
(137.4
)
 
—

Other financing activities
(4.9
)
 
—

 
—

 
—

 
(4.9
)
Net cash from (used in) financing activities
50.2

 
104.8

 
(1.0
)
 
(137.4
)
 
16.6

 
 
 
 
 
 
 
 
 
 
Effect of exchange rates on cash and cash equivalents
—

 
—

 
(1.7
)
 
—

 
(1.7
)
Net increase (decrease) in cash and cash equivalents
(49.9
)
 
(2.0
)
 
(6.2
)
 
—

 
(58.1
)
Cash and cash equivalents at beginning of period
51.7

 
2.0

 
10.7

 
—

 
64.4

Cash and cash equivalents at end of period
$
1.8

 
$
—

 
$
4.5

 
$
—

 
$
6.3