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SUPPLEMENTAL GUARANTOR INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2014
SUPPLEMENTAL GUARANTOR INFORMATION  
Supplemental Condensed Consolidating Balance Sheet Information

 

AXIALL CORPORATION
Supplemental Condensed Consolidating Balance Sheet
March 31, 2014
(Unaudited)

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Excluding
Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Including
Eagle
Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a)+(b)+(c)+(d)		  

Assets

                              

Cash and cash equivalents

     ​$ -     ​$ -     ​$ 48.6     ​$ 48.6     ​$ 37.9     ​$ -     ​$ 86.5  

Receivables, net of allowance for doubtful accounts

     128.0     -     467.4     451.9     83.7     (133.9 )   529.7

Inventories

     -     -     326.7     326.7     116.7     -     443.4  

Prepaid expenses and other

     0.8     -     24.8     24.8     9.5     (0.2 )   34.9

Deferred income taxes

     -     -     23.2     23.2     -     (2.7 )   20.5  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

   128.8     -     890.7     875.2     247.8     (136.8 )   1,115.0

Property, plant and equipment, net

     10.8     -     1,311.3     1,311.3     323.9     -     1,646.0  

Long-term receivables—affiliates

     1,312.3     -     -     -     -     (1,312.3 )   -

Goodwill

     -     -     1,495.6     1,495.6     259.6     -     1,755.2  

Customer relationships, net

     -     -     921.8     921.8     159.8     -     1,081.6  

Other intangible assets, net

     -     -     71.3     71.3     0.3     -     71.6  

Other assets, net

     12.4     12.8     67.7     80.5     10.6     -     103.5  

Investment in subsidiaries

     1,757.3     2,877.9     309.5     309.5     -     (2,066.8 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 3,221.6     $ 2,890.7     $ 5,067.9     $ 5,065.2     $ 1,002.0     $ (3,515.9 )   $ 5,772.9
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Liabilities and Equity

                                            

Current portion of long-term debt

   $ -     $ 2.8     $ -     $ 2.8     $ -     $ -     $ 2.8  

Accounts payable

     16.0     143.2     287.4     415.0     42.1     (133.9 )   339.2  

Interest payable

     8.5     4.2     -     4.2     -     -     12.7  

Income taxes payable

     -     -     0.2     0.2     3.9     (0.2 )   3.9  

Accrued compensation

     -     -     16.9     16.9     8.8     -     25.7  

Other accrued current liabilities

     23.2     -     71.2     71.2     36.2     (2.7 )   127.9  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

   47.7     150.2     375.7     510.3     91.0     (136.8 )   512.2

Long-term debt excluding current portion of long-term debt

     450.0     879.3     -     879.3     -     -     1,329.3  

Long-term payables—affiliates

     -     900.0     -     900.0     412.3     (1,312.3 )   -

Lease financing obligation

     -     -     -     -     100.6     -     100.6  

Deferred income taxes

     25.2     -     780.4     780.4     41.8     -     847.4  

Pension and other post-retirement benefits

     3.4     -     113.7     113.7     8.8     -     125.9  

Other non-current liabilities

     120.6     -     123.9     123.9     13.0     (91.5 )   166.0
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     646.9     1,929.5     1,393.7     3,307.6     667.5     (1,540.6 )   3,081.4  

Equity

                                          

Total Axiall stockholders' equity

     2,574.7     961.2     3,674.2     1,757.6     217.7     (1,975.3 )   2,574.7  

Noncontrolling interest

     -     -     -     -     116.8     -     116.8  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     2,574.7     961.2     3,674.2     1,757.6     334.5     (1,975.3 )   2,691.5  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 3,221.6     $ 2,890.7     $ 5,067.9     $ 5,065.2     $ 1,002.0     $ (3,515.9 )   $ 5,772.9
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

AXIALL CORPORATION
Supplemental Condensed Consolidating Balance Sheet
December 31, 2013
(Unaudited)

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Excluding
Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Including
Eagle
Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a)+(b)+(c)+(d)		  

Assets:

                                          

Cash and cash equivalents

     ​$ -     ​$ -     ​$ 76.9     ​$ 76.9     ​$ 89.6     ​$ -     ​$ 166.5  

Receivables, net of allowance for doubtful accounts

     162.5     -     482.2     478.7     73.3     (165.7 )   548.8

Inventories

     -     -     310.5     310.5     93.1     -     403.6  

Prepaid expenses and other

     1.3     -     26.1     26.1     4.2     -     31.6  

Deferred income taxes

     -     -     20.5     20.5     0.2     (2.7 )   18.0  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current assets

   163.8     -     916.2     912.7     260.4     (168.4 )   1,168.5

Property, plant and equipment, net

     9.8     -     1,325.6     1,325.6     323.3     -     1,658.7  

Long-term receivables—affiliates

     1,328.6     -     -     -     -     (1,328.6 )   -

Goodwill

     -     -     1,496.6     1,496.6     266.6     -     1,763.2  

Customer relationships, net

     -     -     935.2     935.2     166.6     -     1,101.8  

Other intangible assets, net

     -     -     72.9     72.9     -     -     72.9  

Other assets, net

     12.2     13.2     71.7     84.9     15.0     -     112.1  

Investment in subsidiaries

     1,747.7     2,950.8     312.9     312.9     -     (2,060.6 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total assets

   $ 3,262.1     $ 2,964.0     $ 5,131.1     $ 5,140.8     $ 1,031.9     $ (3,557.6 )   $ 5,877.2
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

Liabilities and Equity

                                            

Current portion of long-term debt

   $ -     $ 2.8     $ -     $ 2.8     $ -     $ -     $ 2.8  

Accounts payable

     16.8     119.6     319.6     435.7     26.9     (165.7 )   313.7  

Interest payable

     3.1     12.3     -     12.3     -     -     15.4  

Income taxes payable

     -     -     12.2     12.2     4.9     -     17.1  

Accrued compensation

     0.5     -     49.6     49.6     11.4     -     61.5  

Other accrued current liabilities

     12.9     -     86.5     86.5     35.9     (2.7 )   132.6  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total current liabilities

   33.3     134.7     467.9     599.1     79.1     (168.4 )   543.1

Long-term debt excluding current portion of long-term debt

     450.0     880.0     -     880.0     -     -     1,330.0  

Lease financing obligation

     -     -     -     -     104.7     -     104.7  

Long-term payables—affiliates

     -     900.0     -     900.0     428.6     (1,328.6 )   -  

Deferred income taxes

     31.0     -     790.9     790.9     43.6     -     865.5  

Pension and other post retirement benefits

     13.7     -     107.0     107.0     9.1     -     129.8  

Other non-current liabilities

     125.2     -     116.4     116.4     20.9     (86.7 )   175.8
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities

     653.2     1,914.7     1,482.2     3,393.4     686.0     (1,583.7 )   3,148.9  

Equity

                                          

Total Axiall stockholders' equity

     2,608.9     1,049.3     3,648.9     1,747.4     226.5     (1,973.9 )   2,608.9  

Noncontrolling interest

     -     -     -     -     119.4     -     119.4  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total equity

     2,608.9     1,049.3     3,648.9     1,747.4     345.9     (1,973.9 )   2,728.3  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total liabilities and equity

   $ 3,262.1     $ 2,964.0     $ 5,131.1     $ 5,140.8     $ 1,031.9     $ (3,557.6 )   $ 5,877.2
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Information

AXIALL CORPORATION
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2014
(Unaudited)

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Excluding
Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Including
Eagle
Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a)+(b)+(c)+(d)		  

Net sales

   $ -     $ -     $ 903.7     $ 905.6     $ 143.4     $ (55.3 )   $ 993.7

Operating costs and expenses:

                                            

Cost of sales

     -     -     843.4     845.3     123.3     (55.3 )   913.3

Selling, general and administrative expenses

     10.9     -     42.8     42.8     19.9     -     73.6  

Transaction-related costs and other, net

     4.6     -     1.4     1.4     0.6     -     6.6  

Long-lived asset impairment charges, net

     -     -     0.4     0.4     0.2     -     0.6  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating costs and expenses

   15.5     -     888.0     889.9     144.0     (55.3 )   994.1
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (15.5 )   -     15.7     15.7     (0.6 )   -     (0.4 )

Other income (expense):

                                          

Interest income (expense), net

     7.8     (21.4 )   0.6     (20.9 )   (5.2 )   -     (18.3 )

Foreign exchange gain (loss)

     (0.1 )   -     (0.1 )   -     0.5     -     0.4  

Equity in income (loss) of subsidiaries

     (6.1 )   (28.3 )   3.0     3.0     -     3.1     -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) before income taxes

   (13.9 )   (49.7 )   19.2     (2.2 )   (5.3 )   3.1     (18.3 )  

Provision for (benefit from) income taxes

     (2.3 )   (6.2 )   2.0     (4.2 )   (1.2 )   -     (7.7 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net income (loss)

   (11.6 )   (43.5 )   17.2     2.0     (4.1 )   3.1     (10.6 ) 

Less net income attributable to noncontrolling interest

     -     -     -     -     1.0     -     1.0  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss) attributable to Axiall

   $ (11.6 )   $ (43.5 )   $ 17.2     $ 2.0     $ (5.1 )   $ 3.1     $ (11.6 )  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

    

                                            
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income (loss) attributable to Axiall

   $ (24.9 )   $ (88.1 )   $ (26.6 )   $ (41.8 )   $ (9.8 )   $ 51.6     $ (24.9 )  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

AXIALL CORPORATION
Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Three Months Ended March 31, 2013
(Unaudited)

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Excluding
Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Including
Eagle
Spinco Inc.
(b)		   Non-
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a)+(b)+(c)+(d)		  

Net sales

   $ -     $ -     $ 970.0     $ 971.7     $ 135.6     $ (46.1 )   $ 1,061.2

Operating costs and expenses:

                                            

Cost of sales

     -     -     832.4     834.9     120.2     (46.1 )   909.0

Selling, general and administrative expenses

     8.2     -     42.5     41.7     18.4     -     68.3  

Transaction-related costs and other, net

     9.1     -     0.7     0.7     0.3     -     10.1  

Long-lived asset impairment charges, net

     -     -     2.6     2.6     -     -     2.6  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total operating costs and expenses

   17.3     -     878.2     879.9     138.9     (46.1 )   990.0
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Operating income (loss)

     (17.3 )   -     91.8     91.8     (3.3 )   -     71.2  

Other income (expense):

                                          

Interest income (expense), net

     (16.5 )   (8.0 )   11.9     3.8     (5.6 )   -     (18.3 )

Loss on redemption and other debt costs

     (66.1 )   (12.4 )   -     (12.4 )   -     -     (78.5 ) 

Gain on acquisition of controlling interest

     -     -     23.5     23.5     -     -     23.5  

Foreign exchange gain

     (0.1 )   -     -     -     0.2     -     0.1  

Equity in income of subsidiaries

     66.0     24.5     2.4     2.4     -     (68.4 )   -  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Income (loss) before income taxes

   (34.0 )   4.1     129.6     109.1     (8.7 )   (68.4 )   (2.0 )

Provision for (benefit from) income taxes

     (30.5 )   (6.2 )   40.1     33.9     (2.6 )   -     0.8  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Consolidated net income (loss)

   (3.5 )   10.3     89.5     75.2     (6.1 )   (68.4 )   (2.8 )

Less net income attributable to noncontrolling interest

     -     -     -     -     0.7     -     0.7  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income (loss) attributable to Axiall

   $ (3.5 )   $ 10.3     $ 89.5     $ 75.2     $ (6.8 )   $ (68.4 )   $ (3.5 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

    

                                            
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Comprehensive income (loss) attributable to Axiall

   $ (11.2 )   $ -     $ 89.1     $ 89.1     $ (9.2 )   $ (79.9 )   $ (11.2 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               
Supplemental Condensed Consolidating Statement of Cash Flows Information

 

AXIALL CORPORATION
Supplemental Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2014
(Unaudited)

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Excluding
Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Including
Eagle
Spinco Inc.
(b)		   Non
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a)+(b)+(c)+(d)		  

Net cash provided by (used in) operating activities

   $ 13.0     $ 0.7     $ 5.9     $ 6.6     $ (41.4 )   $ -     $ (21.8 ) 
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Cash flows from investing activities:

                                            

Capital expenditures

   (1.8 )   -     (34.2 )   (34.2 )   (7.0 )   -     (43.0 )  

Proceeds from sale of assets

     -     -     -     -     0.1     -     0.1  
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in investing activities

   (1.8 )   -     (34.2 )   (34.2 )   (6.9 )   -     (42.9 ) 

Cash flows from financing activities:

                                            

Long-term debt payments

     -     (0.7 )   -     (0.7 )   -     -     (0.7 ) 

Dividends paid

     (11.2 )   -     -     -     -     -     (11.2 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net cash used in financing activities

   (11.2 )   (0.7 )   -     (0.7 )   -     -     (11.9 )  

Effect of exchange rate changes on cash and cash equivalents

     -     -     -     -     (3.4 )   -     (3.4 )
                               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net change in cash and cash equivalents

   -     -     (28.3 )   (28.3 )   (51.7 )   -     (80.0 ) 

Cash and cash equivalents at beginning of period

     -     -     76.9     76.9     89.6     -     166.5  
                               
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Cash and cash equivalents at end of period

   $ -     $ -     $ 48.6     $ 48.6     $ 37.9     $ -     $ 86.5  
                               
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​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                               

AXIALL CORPORATION
Supplemental Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2013
(Unaudited)

(In millions)
   Parent
Company
(a)		   Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Excluding
Eagle
Spinco Inc.		   Guarantor
Subsidiaries
Including
Eagle
Spinco Inc.
(b)		   Non
Guarantor
Subsidiaries
(c)		   Eliminations
(d)		   Consolidated
(a)+(b)+(c)+(d)		  

Net cash used in operating activities

   $ (75.0 )   $ 108.3     $ (109.1 )   $ (0.8 )   $ (29.0 )   $ -     $ (104.8 ) 
                               
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Cash flows from investing activities:

                                            

Capital expenditures

   -     -     (13.7 )   (13.7 )   (2.7 )   -     (16.4 )  

Cash acquired in acquisition

     -     -     -     -     26.7     -     26.7  
                               
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Net cash provided by (used in) investing activities

   -     -     (13.7 )   (13.7 )   24.0     -     10.3  

Cash flows from financing activities:

                                            

Borrowings on ABL revolver

     222.7     -     -     -     -     -     222.7  

Repayments on ABL revolver

     (83.7 )   -     -     -     -     -     (83.7 )

Issuance of long-term debt

     450.0     -     -     -     -     -     450.0  

Long-term debt payments

     (450.0 )   (79.7 )   -     (79.7 )   -     -     (529.7 )

Fees paid related to financing activities

     (64.1 )   (28.6 )   -     (28.6 )   (1.7 )   -     (94.4 ) 

Stock compensation plan activity

     0.1     -     -     -     -     -     0.1  
                               
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Net cash provided by (used in) financing activities

   75.0     (108.3 )   -     (108.3 )   (1.7 )   -     (35.0 )  

Effect of exchange rate changes on cash and cash equivalents

     -     -     -     -     (1.6 )   -     (1.6 )
                               
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Net change in cash and cash equivalents

   -     -     (122.8 )   (122.8 )   (8.3 )   -     (131.1 ) 

Cash and cash equivalents at beginning of period

     -     -     131.4     131.4     68.9     -     200.3  
                               
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Cash and cash equivalents at end of period

   $ -     $ -     $ 8.6     $ 8.6     $ 60.6     $ -     $ 69.2  
                               
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