Segments and Geographic Information (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Summary of Financial Information by Reportable Segment

The following table provides summary financial information by reportable segment (in millions):

	September 30, 2016		December 31, 2015
Identifiable segment-related assets:
CCS	$	4,729.1	$	4,642.0
CMS		2,127.7		2,258.8
Total identifiable segment-related assets		6,856.8		6,900.8
Reconciliation to total assets:
Cash and cash equivalents		517.3		562.9
Deferred income tax assets		37.5		38.9
Total assets	$	7,411.6	$	7,502.6

Summary of Net Sales and Operating Income (Loss), Depreciation and Amortization by Reportable Segment

The following table provides net sales, operating income (loss), depreciation and amortization by reportable segment (in millions):

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2016		2015			2016		2015
Net sales:
CCS	$	819.2	$	489.0		$	2,284.2	$	1,170.2
CMS		474.7		483.6			1,460.5		1,495.1
Consolidated net sales	$	1,293.9	$	972.6		$	3,744.7	$	2,665.3
Operating income (loss):
CCS (1)	$	104.8	$	(33.9	)	$	247.8	$	34.0
CMS (2)		75.9		(8.6	)		207.5		126.0
Consolidated operating income (loss)	$	180.7	$	(42.5	)	$	455.3	$	160.0
Depreciation:
CCS	$	13.7	$	8.0		$	40.3	$	16.9
CMS		6.5		7.6			19.9		21.8
Consolidated depreciation	$	20.2	$	15.6		$	60.2	$	38.7
Amortization (3):
CCS	$	49.4	$	30.8		$	148.3	$	74.1
CMS		25.2		23.5			76.0		69.6
Consolidated amortization	$	74.6	$	54.3		$	224.3	$	143.7

(1) Operating income (loss) for the three months ended September 30, 2016 and 2015 included impairment charges of $7.4 million and $10.9 million, respectively. Impairment charges for the nine months ended September 30, 2016 and 2015 were $22.7 million and $10.9 million, respectively. Operating income (loss) for the three months ended September 30, 2016 and 2015 included integration and transaction costs of $14.6 million and $57.1 million, respectively. Integration and transaction costs for the nine months ended September 30, 2016 and 2015 were $42.1 million and $68.6 million, respectively. Operating income (loss) for the three months ended September 30, 2016 and 2015 included restructuring charges of $8.4 million and $4.1 million, respectively. Restructuring charges for the nine months ended September 30, 2016 and 2015 were $16.1 million and $5.2 million, respectively. Operating loss for the three months ended September 30, 2015 included purchase accounting charges related to the mark-up on inventory of $29.2 million. Purchase accounting charges for the nine months ended September 30, 2016 and 2015 were $0.6 million and $29.3 million, respectively.

(2) Operating income (loss) for the three and nine months ended September 30, 2015 included impairment charges of $74.4 million. Operating income (loss) for the three months ended September 30, 2016 and 2015 included integration and transaction costs of $0.2 million and $3.8 million, respectively. Integration and transaction costs for the nine months ended September 30, 2016 and 2015 were $2.9 million and $13.5 million, respectively. Operating income (loss) for the three months ended September 30, 2016 and 2015 included restructuring charges of $2.5 million and $2.8 million, respectively. Restructuring charges for the nine months ended September 30, 2016 and 2015 were $8.4 million and $5.4 million, respectively.

(3) Excludes amortization of debt issuance costs and original issue discount.

Summary of Sales by Geographic Region, Based on Destination of Product Shipments

Sales by geographic region, based on the destination of product shipments, were as follows (in millions):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
United States	$	712.2	$	497.3	$	2,011.2	$	1,326.9
Europe, Middle East and Africa		233.9		196.4		693.4		533.1
Asia Pacific		245.9		187.0		736.2		537.4
Central and Latin America		69.2		65.6		212.4		197.3
Canada		32.7		26.3		91.5		70.6
Consolidated net sales	$	1,293.9	$	972.6	$	3,744.7	$	2,665.3