SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2016

Supplemental Guarantor Financial Information [Abstract]

Supplemental Guarantor Financial Information Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS
December 31, 2016
(In millions)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	25.2		—		$	159.3		—			$	184.5
Receivables, net	88.3			—		586.7			—			675.0
Intercompany receivables	—			—		1,912.3			(1,912.3		)	—
Income taxes receivable	19.0			—		7.3			(0.8		)	25.5
Inventories	167.7			—		462.7			—			630.4
Other current assets	164.7			3.4		1.2			(138.5		)	30.8
Total current assets	464.9			3.4		3,129.5			(2,051.6		)	1,546.2
Property, plant and equipment, net	510.1			—		3,194.8			—			3,704.9
Investment in subsidiaries	6,035.2			3,734.7		—			(9,769.9		)	—
Deferred income taxes	133.5			—		103.5			(117.5		)	119.5
Other assets	48.1			—		596.3			—			644.4
Long-term receivables—affiliates	—			2,194.2		—			(2,194.2		)	—
Intangible assets, net	0.4			5.7		623.5			—			629.6
Goodwill	—			966.3		1,151.7			—			2,118.0
Total assets	$	7,192.2		$	6,904.3	$	8,799.3		$	(14,133.2	)	$	8,762.6
Liabilities and Shareholders' Equity
Current liabilities:
Current installments of long-term debt	$	0.6		$	67.5	$	12.4		—			$	80.5
Accounts payable	45.3			—		527.4			(1.9		)	570.8
Intercompany payables	1,882.8			29.5		—			(1,912.3		)	—
Income taxes payable	—			—		8.3			(0.8		)	7.5
Accrued liabilities	124.9			—		277.5			(138.6		)	263.8
Total current liabilities	2,053.6			97.0		825.6			(2,053.6		)	922.6
Long-term debt	913.9			2,413.3		209.9			—			3,537.1
Accrued pension liability	453.7			—		184.4			—			638.1
Deferred income taxes	—			223.6		926.4			(117.5		)	1,032.5
Long-term payables—affiliates	1,209.1			—		985.1			(2,194.2		)	—
Other liabilities	288.9			6.6		63.8			—			359.3
Total liabilities	4,919.2			2,740.5		3,195.2			(4,365.3		)	6,489.6
Commitments and contingencies
Shareholders' equity:
Common stock	165.4			—		14.6			(14.6		)	165.4
Additional paid-in capital	2,243.8			4,125.7		4,808.2			(8,933.9		)	2,243.8
Accumulated other comprehensive loss	(510.0		)	—		(7.0		)	7.0			(510.0		)
Retained earnings	373.8			38.1		788.3			(826.4		)	373.8
Total shareholders' equity	2,273.0			4,163.8		5,604.1			(9,767.9		)	2,273.0
Total liabilities and shareholders' equity	$	7,192.2		$	6,904.3	$	8,799.3		$	(14,133.2	)	$	8,762.6

CONDENSED CONSOLIDATING BALANCE SHEETS
December 31, 2015
(In millions)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	119.4		—			$	272.6		—			$	392.0
Receivables, net	107.7			—			679.4			(3.7		)	783.4
Intercompany receivables	—			76.1			1,093.1			(1,169.2		)	—
Income taxes receivable	27.3			—			5.7			(0.1		)	32.9
Inventories	166.0			—			519.2			—			685.2
Current deferred income taxes	—			—			2.7			(2.7		)	—
Other current assets	152.1			5.0			4.6			(121.8		)	39.9
Total current assets	572.5			81.1			2,577.3			(1,297.5		)	1,933.4
Property, plant and equipment, net	508.7			—			3,444.7			—			3,953.4
Investment in subsidiaries	5,905.0			3,636.3			—			(9,541.3		)	—
Deferred income taxes	155.6			—			84.9			(144.6		)	95.9
Other assets	43.5			—			411.1			—			454.6
Long-term receivables—affiliates	—			2,562.6			—			(2,562.6		)	—
Intangible assets, net	0.5			—			677.0			—			677.5
Goodwill	—			990.2			1,183.9			—			2,174.1
Total assets	$	7,185.8		$	7,270.2		$	8,378.9		$	(13,546.0	)	$	9,288.9
Liabilities and Shareholders' Equity
Current liabilities:
Current installments of long-term debt	$	192.8		—			$	12.2		—			$	205.0
Accounts payable	37.3			—			576.6			(5.7		)	608.2
Intercompany payables	1,169.2			—			—			(1,169.2		)	—
Income taxes payable	1.5			—			6.1			(2.7		)	4.9
Accrued liabilities	227.8			—			221.3			(121.0		)	328.1
Total current liabilities	1,628.6			—			816.2			(1,298.6		)	1,146.2
Long-term debt	1,084.0			2,547.4			12.4			—			3,643.8
Accrued pension liability	484.3			—			164.6			—			648.9
Deferred income taxes	—			294.8			945.1			(144.7		)	1,095.2
Long-term payables—affiliates	1,296.4			286.5			979.7			(2,562.6		)	—
Other liabilities	273.7			—			61.1			1.2			336.0
Total liabilities	4,767.0			3,128.7			2,979.1			(4,004.7		)	6,870.1
Commitments and contingencies
Shareholders' equity:
Common stock	165.1			—			14.6			(14.6		)	165.1
Additional paid-in capital	2,236.4			4,146.1			4,789.6			(8,935.7		)	2,236.4
Accumulated other comprehensive loss	(492.5		)	—			(31.7		)	31.7			(492.5		)
Retained earnings	509.8			(4.6		)	627.3			(622.7		)	509.8
Total shareholders' equity	2,418.8			4,141.5			5,399.8			(9,541.3		)	2,418.8
Total liabilities and shareholders' equity	$	7,185.8		$	7,270.2		$	8,378.9		$	(13,546.0	)	$	9,288.9

Supplemental Guarantor Financial Information Statement of Operations

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Year Ended December 31, 2016
(In millions)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor		Eliminations			Total
Sales	$	1,321.3		—			$	4,720.2	$	(490.9	)	$	5,550.6
Operating expenses:
Cost of goods sold	1,128.7			—			4,285.9		(490.9		)	4,923.7
Selling and administration	138.1			—			185.1		—			323.2
Restructuring charges	0.8			—			112.1		—			112.9
Acquisition-related costs	47.4			—			1.4		—			48.8
Other operating (loss) income	(2.2		)	—			12.8		—			10.6
Operating income	4.1			—			148.5		—			152.6
Earnings of non-consolidated affiliates	1.7			—			—		—			1.7
Equity income (loss) in subsidiaries	16.2			139.0			—		(155.2		)	—
Interest expense	38.8			153.9			4.7		(5.5		)	191.9
Interest income	4.7			—			4.2		(5.5		)	3.4
Income (loss) before taxes	(12.1		)	(14.9		)	148.0		(155.2		)	(34.2		)
Income tax (benefit) provision	(8.2		)	(57.6		)	35.5		—			(30.3		)
Net (loss) income	$	(3.9	)	$	42.7		$	112.5	$	(155.2	)	$	(3.9	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Year Ended December 31, 2015
(In millions)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor		Eliminations			Total
Sales	$	1,215.4		—			$	2,002.5	$	(363.5	)	$	2,854.4
Operating expenses:
Cost of goods sold	1,057.8			—			1,792.5		(363.5		)	2,486.8
Selling and administration	110.0			—			76.3		—			186.3
Restructuring charges	0.7			—			2.0		—			2.7
Acquisition-related costs	117.9			—			5.5		—			123.4
Other operating (loss) income	(4.0		)	—			49.7		—			45.7
Operating (loss) income	(75.0		)	—			175.9		—			100.9
Earnings of non-consolidated affiliates	1.7			—			—		—			1.7
Equity income (loss) in subsidiaries	90.2			19.7			—		(109.9		)	—
Interest expense	60.9			37.0			4.5		(5.4		)	97.0
Interest income	3.1			—			3.4		(5.4		)	1.1
Income (loss) before taxes	(40.9		)	(17.3		)	174.8		(109.9		)	6.7
Income tax (benefit) provision	(39.5		)	(12.7		)	60.3		—			8.1
Net (loss) income	$	(1.4	)	$	(4.6	)	$	114.5	$	(109.9	)	$	(1.4	)

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Year Ended December 31, 2014
(In millions)
	Parent Guarantor		Issuer	Subsidiary Non-Guarantor		Eliminations			Total
Sales	$	1,373.2	—	1,285.5		$	(417.5	)	$	2,241.2
Operating expenses:				—
Cost of goods sold	1,148.1		—	1,122.6		(417.5		)	1,853.2
Selling and administration	90.7		—	75.4		—			166.1
Restructuring charges	4.8		—	10.9		—			15.7
Acquisition-related costs	4.2		—	—		—			4.2
Other operating income	0.9		—	0.6		—			1.5
Operating income	126.3		—	77.2		—			203.5
Earnings of non-consolidated affiliates	1.7		—	—		—			1.7
Equity income (loss) in subsidiaries	48.8		—	—		(48.8		)	—
Interest expense	47.0		—	1.3		(4.5		)	43.8
Interest income	2.5		—	3.3		(4.5		)	1.3
Income (loss) from continuing operations before taxes	132.3		—	79.2		(48.8		)	162.7
Income tax provision	27.3		—	30.4		—			57.7
Income (loss) from continuing operations	105.0		—	48.8		(48.8		)	105.0
Income from discontinued operations, net	$	0.7	—	$	—	$	—		$	0.7
Net income (loss)	$	105.7	—	$	48.8	$	(48.8	)	$	105.7

Supplemental Guarantor Financial Information Statements Of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Year Ended December 31, 2016
(In millions)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations			Total
Net (loss) income	$	(3.9	)	$	42.7	$	112.5		$	(155.2	)	$	(3.9	)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net	—			—		(12.0		)	—			(12.0		)
Unrealized gains on derivative contracts, net	19.7			—		—			—			19.7
Pension and postretirement liability adjustments, net	(25.3		)	—		(12.2		)	—			(37.5		)
Amortization of prior service costs and actuarial losses, net	10.9			—		1.4			—			12.3
Total other comprehensive income (loss), net of tax	5.3			—		(22.8		)	—			(17.5		)
Comprehensive income (loss)	$	1.4		$	42.7	$	89.7		$	(155.2	)	$	(21.4	)

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Year Ended December 31, 2015
(In millions)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor			Eliminations			Total
Net (loss) income	$	(1.4	)	(4.6		)	$	114.5		$	(109.9	)	$	(1.4	)
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments, net	—			—			(9.8		)	—			(9.8		)
Unrealized losses on derivative contracts, net	(2.7		)	—			—			—			(2.7		)
Pension and postretirement liability adjustments, net	(73.7		)	—			(5.1		)	—			(78.8		)
Amortization of prior service costs and actuarial losses, net	39.6			—			2.3			—			41.9
Total other comprehensive (loss) income, net of tax	(36.8		)	—			(12.6		)	—			(49.4		)
Comprehensive (loss) income	$	(38.2	)	$	(4.6	)	$	101.9		$	(109.9	)	$	(50.8	)

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Year Ended December 31, 2014
(In millions)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations			Total
Net income (loss)	105.7			—		48.8			(48.8		)	105.7
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments, net	—			—		(1.8		)	—			(1.8		)
Unrealized losses on derivative contracts, net	(5.1		)	—		—			—			(5.1		)
Pension and postretirement liability adjustments, net	(83.4		)	—		(3.2		)	—			(86.6		)
Amortization of prior service costs and actuarial losses, net	14.1			—		1.4			—			15.5
Total other comprehensive (loss) income, net of tax	(74.4		)	—		(3.6		)	—			(78.0		)
Comprehensive income (loss)	$	31.3		$	—	$	45.2		$	(48.8	)	$	27.7

Supplemental Guarantor Financial Information Statements Of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended December 31, 2016
(In millions)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations	Total
Net operating activities	$	702.6		—		$	(99.4	)	—	$	603.2
Investing Activities
Capital expenditures	(65.7		)	—		(212.3		)	—	(278.0		)
Business acquired and related transactions, net of cash acquired	(69.5		)	—		—			—	(69.5		)
Payments under long-term supply contract	—			—		(175.7		)	—	(175.7		)
Proceeds from sale/leaseback of equipment	—			—		40.4			—	40.4
Proceeds from disposition of property, plant and equipment	0.2			—		0.3			—	0.5
Proceeds from disposition of investments in non-consolidated equity affiliate	8.8			—		—			—	8.8
Net investing activities	(126.2		)	—		(347.3		)	—	(473.5		)
Financing Activities
Long-term debt:
Borrowings	—			—		230.0			—	230.0
Repayments	(335.6		)	(67.5	)	(32.2		)	—	(435.3		)
Stock options exercised	0.5			—		—			—	0.5
Excess tax benefits from stock-based compensation	0.4			—		—			—	0.4
Dividends paid	(132.1		)	—		—			—	(132.1		)
Debt and equity issuance costs	—			(1.0	)	—			—	(1.0		)
Intercompany financing activities	(203.8		)	68.5		135.3			—	—
Net financing activities	(670.6		)	—		333.1			—	(337.5		)
Effect of exchange rate changes on cash and cash equivalents	—			—		0.3			—	0.3
Net decrease in cash and cash equivalents	(94.2		)	—		(113.3		)	—	(207.5		)
Cash and cash equivalents, beginning of year	119.4			—		272.6			—	392.0
Cash and cash equivalents, end of year	$	25.2		—		$	159.3		—	$	184.5

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended December 31, 2015
(In millions)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations	Total
Net operating activities	$	(70.6	)	—		$	287.7		—	$	217.1
Investing Activities
Capital expenditures	(74.0		)	—		(56.9		)	—	(130.9		)
Business acquired and related transactions, net of cash acquired	(408.1		)	—		—			—	(408.1		)
Proceeds from disposition of property, plant and equipment	1.7			—		24.5			—	26.2
Proceeds from disposition of investments in non-consolidated equity affiliate	8.8			—		—			—	8.8
Net investing activities	(471.6		)	—		(32.4		)	—	(504.0		)
Financing Activities
Long-term debt:
Borrowings	1,275.0			—		—			—	1,275.0
Repayments	(149.5		)	—		(581.2		)	—	(730.7		)
Stock options exercised	2.2			—		—			—	2.2
Excess tax benefits from stock-based compensation	0.4			—		—			—	0.4
Dividends paid	(79.5		)	—		—			—	(79.5		)
Debt and equity issuance costs	(35.2		)	(10.0	)	—			—	(45.2		)
Intercompany financing activities	(591.2		)	10.0		581.2				—
Net financing activities	422.2			—		—			—	422.2
Effect of exchange rate changes on cash and cash equivalents	—			—		(0.1		)	—	(0.1		)
Net (decrease) increase in cash and cash equivalents	(120.0		)	—		255.2			—	135.2
Cash and cash equivalents, beginning of year	239.4			—		17.4			—	256.8
Cash and cash equivalents, end of year	$	119.4		—		$	272.6		—	$	392.0

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended December 31, 2014
(In millions)
	Parent Guarantor			Issuer	Subsidiary Non-Guarantor			Eliminations	Total
Net operating activities	$	134.7		—	$	24.5		—	$	159.2
Investing Activities
Capital expenditures	(51.3		)	—	(20.5		)	—	(71.8		)
Proceeds from disposition of property, plant and equipment	3.5			—	2.1			—	5.6
Restricted cash activity, net	4.2			—	—			—	4.2
Other investing activities	—			—	0.3			—	0.3
Net investing activities	(43.6		)	—	(18.1		)	—	(61.7		)
Financing Activities
Long-term debt:
Borrowings	150.0			—	—			—	150.0
Repayments	(150.2		)	—	(12.2		)	—	(162.4		)
Earn out payment - SunBelt	—			—	(14.8		)	—	(14.8		)
Common stock repurchased and retired	(64.8		)	—	—			—	(64.8		)
Stock options exercised	6.6			—	—			—	6.6
Excess tax benefits from stock-based compensation	1.1			—	—			—	1.1
Dividends paid	(63.0		)	—	—			—	(63.0		)
Debt and equity issuance costs	(1.2		)	—	—			—	(1.2		)
Intercompany financing activities	(27.0		)		27.0				—
Net financing activities	(148.5		)	—	—			—	(148.5		)
Net (decrease) increase in cash and cash equivalents	(57.4		)	—	6.4			—	(51.0		)
Cash and cash equivalents, beginning of year	296.8			—	11.0			—	307.8
Cash and cash equivalents, end of year	$	239.4		—	$	17.4		—	$	256.8