SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2017

Supplemental Guarantor Financial Information [Abstract]

Supplemental Guarantor Financial Information Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS
December 31, 2017
(In millions)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	57.1		$	—	$	161.3		$	—		$	218.4
Receivables, net	95.6			—		637.6			—			733.2
Intercompany receivables	—			—		2,093.2			(2,093.2		)	—
Income taxes receivable	11.7			—		6.3			(1.1		)	16.9
Inventories, net	155.4			—		527.2			—			682.6
Other current assets	206.2			—		5.3			(163.4		)	48.1
Total current assets	526.0			—		3,430.9			(2,257.7		)	1,699.2
Property, plant and equipment, net	544.4			—		3,031.4			—			3,575.8
Investment in subsidiaries	6,680.4			4,092.3		—			(10,772.7		)	—
Deferred income taxes	38.1			—		34.5			(36.2		)	36.4
Other assets	45.9			—		1,162.5			—			1,208.4
Long-term receivables—affiliates	—			2,132.1		—			(2,132.1		)	—
Intangible assets, net	0.3			5.7		572.5			—			578.5
Goodwill	—			966.3		1,153.7			—			2,120.0
Total assets	$	7,835.1		$	7,196.4	$	9,385.5		$	(15,198.7	)	$	9,218.3
Liabilities and Shareholders' Equity
Current liabilities:
Current installments of long-term debt	$	0.7		$	—	$	—		$	—		$	0.7
Accounts payable	83.2			—		590.0			(3.4		)	669.8
Intercompany payables	2,093.2			—		—			(2,093.2		)	—
Income taxes payable	—			—		10.5			(1.1		)	9.4
Accrued liabilities	117.7			—		318.1			(161.4		)	274.4
Total current liabilities	2,294.8			—		918.6			(2,259.1		)	954.3
Long-term debt	839.4			2,522.2		249.7			—			3,611.3
Accrued pension liability	406.7			—		229.2			—			635.9
Deferred income taxes	—			3.0		544.4			(36.2		)	511.2
Long-term payables—affiliates	1,250.0			—		882.1			(2,132.1		)	—
Other liabilities	290.5			5.6		455.8			—			751.9
Total liabilities	5,081.4			2,530.8		3,279.8			(4,427.4		)	6,464.6
Commitments and contingencies
Shareholders' equity:
Common stock	167.1			—		14.6			(14.6		)	167.1
Additional paid-in capital	2,280.9			4,125.7		4,808.2			(8,933.9		)	2,280.9
Accumulated other comprehensive loss	(484.6		)	—		(4.6		)	4.6			(484.6		)
Retained earnings	790.3			539.9		1,287.5			(1,827.4		)	790.3
Total shareholders' equity	2,753.7			4,665.6		6,105.7			(10,771.3		)	2,753.7
Total liabilities and shareholders' equity	$	7,835.1		$	7,196.4	$	9,385.5		$	(15,198.7	)	$	9,218.3

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, net	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

Supplemental Guarantor Financial Information Statement of Operations

CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Year Ended December 31, 2017
(In millions)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor			Eliminations			Total
Sales	$	1,330.3		$	—		$	5,344.9		$	(406.8	)	$	6,268.4
Operating expenses:
Cost of goods sold	1,176.1			—			4,770.3			(406.8		)	5,539.6
Selling and administration	137.9			—			212.8			—			350.7
Restructuring charges	1.7			—			35.9			—			37.6
Acquisition-related costs	12.8			—			—			—			12.8
Other operating (loss) income	(11.1		)	—			14.4			—			3.3
Operating (loss) income	(9.3		)	—			340.3			—			331.0
Earnings of non-consolidated affiliates	1.8			—			—			—			1.8
Equity income in subsidiaries	638.4			357.6			—			(996.0		)	—
Interest expense	44.5			165.8			13.0			(5.9		)	217.4
Interest income	6.3			—			1.4			(5.9		)	1.8
Income before taxes	592.7			191.8			328.7			(996.0		)	117.2
Income tax provision (benefit)	43.2			(310.0		)	(165.5		)	—			(432.3		)
Net income	$	549.5		$	501.8		$	494.2		$	(996.0	)	$	549.5

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 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 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	)

Supplemental Guarantor Financial Information Statements Of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Year Ended December 31, 2017
(In millions)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations			Total
Net income	$	549.5		$	501.8	$	494.2		$	(996.0	)	$	549.5
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net	—			—		31.7			—			31.7
Unrealized losses on derivative contracts, net	(1.7		)	—		—			—			(1.7		)
Pension and postretirement liability adjustments, net	(12.3		)	—		(9.3		)	—			(21.6		)
Amortization of prior service costs and actuarial losses, net	15.3			—		1.7			—			17.0
Total other comprehensive income, net of tax	1.3			—		24.1			—			25.4
Comprehensive income	$	550.8		$	501.8	$	518.3		$	(996.0	)	$	574.9

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, 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, net of tax	(36.8		)	—			(12.6		)	—			(49.4		)
Comprehensive (loss) income	$	(38.2	)	$	(4.6	)	$	101.9		$	(109.9	)	$	(50.8	)

Supplemental Guarantor Financial Information Statements Of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Year Ended December 31, 2017
(In millions)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor			Eliminations			Total
Net operating activities	$	472.0		$	—		$	176.8		$	—		$	648.8
Investing Activities
Capital expenditures	(89.1		)	—			(205.2		)	—			(294.3		)
Payments under long-term supply contracts	—			—			(209.4		)	—			(209.4		)
Proceeds from disposition of property, plant and equipment	—			—			5.2			—			5.2
Distributions from consolidated subsidiaries, net	2.7			—			—			(2.7		)	—
Net investing activities	(86.4		)	—			(409.4		)	(2.7		)	(498.5		)
Financing Activities
Long-term debt:
Borrowings	620.0			1,375.0			40.5			—			2,035.5
Repayments	(690.8		)	(1,334.1		)	(13.0		)	—			(2,037.9		)
Stock options exercised	29.8			—			—			—			29.8
Dividends paid	(133.0		)	—			(2.7		)	2.7			(133.0		)
Debt and equity issuance costs	(8.3		)	(2.9		)	—			—			(11.2		)
Intercompany financing activities	(171.4		)	(38.0		)	209.4			—			—
Net financing activities	(353.7		)	—			234.2			2.7			(116.8		)
Effect of exchange rate changes on cash and cash equivalents	—			—			0.4			—			0.4
Net increase in cash and cash equivalents	31.9			—			2.0			—			33.9
Cash and cash equivalents, beginning of year	25.2			—			159.3			—			184.5
Cash and cash equivalents, end of year	$	57.1		$	—		$	161.3		$	—		$	218.4

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 contracts	—			—			(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 affiliated companies	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 affiliated companies	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