Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2016

Text Block [Abstract]

Guarantor Condensed Consolidating Balance Sheet Information

AXIALL CORPORATION

Guarantor Condensed Consolidating Balance Sheet

As of March 31, 2016

(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	$	0.5	$	-	$	80.6	$	80.6	$	120.3	$	-	$	201.4
Receivables, net of allowance for doubtful accounts		38.6		0.6		436.3		436.3		62.4		(156.1)		381.2
Inventories		-		-		246.2		246.2		61.0		-		307.2
Prepaid expenses and other		0.4		-		62.6		62.6		6.1		-		69.1
Current assets of discontinued operations		-		-		0.6		0.6		-		-		0.6
Total current assets		39.5		0.6		826.3		826.3		249.8		(156.1)		959.5
Property, plant and equipment, net		10.7		-		1,359.7		1,359.7		169.4		-		1,539.8
Long-term receivables—affiliates		900.0		-		-		-		-		(900.0)		-
Goodwill		-		-		707.8		707.8		148.4		-		856.2
Customer relationships, net		-		-		809.4		809.4		129.5		-		938.9
Other intangible assets, net		-		-		62.0		62.0		-		-		62.0
Other assets, net		4.9		1.7		61.8		61.8		3.4		-		70.1
Investment in subsidiaries		1,207.1		1,827.5		466.8		466.8		-		(1,673.9)		-
Total assets	$	2,162.2	$	1,829.8	$	4,293.8	$	4,293.8	$	700.5	$	(2,730.0)	$	4,426.5
Liabilities and Equity:
Current portion of long-term debt	$	-	$	-	$	2.5	$	2.5	$	-	$	-	$	2.5
Accounts payable		123.6		38.5		222.9		260.7		32.1		(156.1)		260.3
Interest payable		8.6		4.2		-		4.2		-		-		12.8
Income taxes payable		-		-		-		-		2.3		-		2.3
Accrued compensation		1.9		-		28.2		28.2		7.9		-		38.0
Other accrued liabilities		15.3		-		37.7		37.7		31.4		-		84.4
Current liabilities of discontinued operations		-		-		5.5		5.5		-		-		5.5
Total current liabilities		149.4		42.7		296.8		338.8		73.7		(156.1)		405.8
Long-term debt, excluding the current portion of long-term debt		444.4		678.8		241.3		920.2		-		-		1,364.6
Long-term payables—affiliates		-		900.0		-		900.0		-		(900.0)		-
Lease financing obligation		-		-		-		-		46.9		-		46.9
Deferred income taxes		19.2		-		629.6		627.9		31.6		-		678.7
Pension and other post-retirement benefits		3.3		-		184.0		184.0		6.5		-		193.8
Other non-current liabilities		11.0		-		116.0		116.0		8.5		(10.7)		124.8
Total liabilities		627.3		1,621.5		1,467.7		3,086.9		167.2		(1,066.8)		2,814.6
Equity:
Total Axiall stockholders’ equity		1,534.9		208.3		2,826.1		1,206.9		456.3		(1,663.2)		1,534.9
Noncontrolling interest		-		-		-		-		77.0		-		77.0
Total equity		1,534.9		208.3		2,826.1		1,206.9		533.3		(1,663.2)		1,611.9
Total liabilities and equity	$	2,162.2	$	1,829.8	$	4,293.8	$	4,293.8	$	700.5	$	(2,730.0)	$	4,426.5

AXIALL CORPORATION

Guarantor Condensed Consolidating Balance Sheet

As of December 31, 2015

(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	$	0.3	$	-	$	161.7	$	161.7	$	96.0	$	-	$	258.0
Receivables, net of allowance for doubtful accounts		27.1		5.5		377.8		377.8		48.0		(97.6)		355.3
Inventories		-		-		217.6		217.6		63.3		-		280.9
Prepaid expenses and other		0.7		-		55.9		55.9		2.7		(0.4)		58.9
Current assets of discontinued operations		-		-		19.3		19.3		17.6		-		36.9
Total current assets		28.1		5.5		832.3		832.3		227.6		(98.0)		990.0
Property, plant and equipment, net		11.0		-		1,357.9		1,357.9		187.6		-		1,556.5
Long-term receivables—affiliates		900.0		-		-		-		-		(900.0)		-
Goodwill		-		-		707.8		707.8		144.3		-		852.1
Customer relationships, net		-		-		823.1		823.1		127.2		-		950.3
Other intangible assets, net		-		-		63.1		63.1		0.3		-		63.4
Non-current assets of discontinued operations		-		-		18.4		18.4		43.6		-		62.0
Other assets, net		5.6		1.7		56.2		56.2		3.3		-		65.1
Investment in subsidiaries		1,235.5		1,833.3		473.2		473.2		-		(1,708.7)		-
Total assets	$	2,180.2	$	1,840.5	$	4,332.0	$	4,332.0	$	733.9	$	(2,706.7)	$	4,539.4
Liabilities and Equity:
Current portion of long-term debt	$	-	$	-	$	2.5	$	2.5	$	-	$	-	$	2.5
Accounts payable		81.7		27.0		214.9		236.4		24.3		(97.6)		244.8
Interest payable		3.2		12.2		-		12.2		-		-		15.4
Income taxes payable		-		-		0.4		0.4		2.2		(0.4)		2.2
Accrued compensation		9.5		-		23.7		23.7		7.8		-		41.0
Other accrued liabilities		16.2		-		45.6		45.6		32.9		-		94.7
Current liabilities of discontinued operations		-		-		9.3		9.3		6.2		-		15.5
Total current liabilities		110.6		39.2		296.4		330.1		73.4		(98.0)		416.1
Long-term debt, excluding the current portion of long-term debt		444.2		678.4		241.9		920.3		-		-		1,364.5
Long-term payables—affiliates		-		900.0		-		900.0		-		(900.0)		-
Lease financing obligation		-		-		-		-		44.0		-		44.0
Deferred income taxes		18.0		-		636.1		634.4		30.6		-		683.0
Pension and other post-retirement benefits		3.6		-		189.9		189.9		9.3		-		202.8
Non-current liabilities of discontinued operations		-		-		-		-		35.6		-		35.6
Other non-current liabilities		25.5		-		113.2		113.2		8.8		(7.2)		140.3
Total liabilities		601.9		1,617.6		1,477.5		3,087.9		201.7		(1,005.2)		2,886.3
Equity:
Total Axiall stockholders’ equity		1,578.3		222.9		2,854.5		1,244.1		457.4		(1,701.5)		1,578.3
Noncontrolling interest		-		-		-		-		74.8		-		74.8
Total equity		1,578.3		222.9		2,854.5		1,244.1		532.2		(1,701.5)		1,653.1
Total liabilities and equity	$	2,180.2	$	1,840.5	$	4,332.0	$	4,332.0	$	733.9	$	(2,706.7)	$	4,539.4

Guarantor Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Information

AXIALL CORPORATION

Guarantor Condensed Consolidating Statement of Operations and

Comprehensive Income (Loss)

For the Three Months Ended March 31, 2016

(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	$	-	$	-	$	627.2	$	627.2	$	112.2	$	(40.2)	$	699.2
Operating costs and expenses:
Cost of sales		-		-		567.6		567.6		91.6		(40.2)		619.0
Selling, general and administrative expenses		12.9		-		44.3		44.3		12.9		-		70.1
Restructuring and divestiture costs		5.4		-		9.5		9.5		21.8		-		36.7
Integration-related costs and other, net		0.5		-		2.9		2.9		-		-		3.4
Fees associated with unsolicited offer and strategic alternatives		5.2		-		-		-		-		-		5.2
Total operating costs and expenses		24.0		-		624.3		624.3		126.3		(40.2)		734.4
Operating income (loss)		(24.0)		-		2.9		2.9		(14.1)		-		(35.2)
Other expense:
Interest income (expense), net		4.6		(19.8)		(0.9)		(20.7)		(0.9)		-		(17.0)
Foreign currency exchange loss		-		-		-		-		(0.9)		-		(0.9)
Equity in loss of subsidiaries		(45.0)		(10.3)		(22.5)		(22.5)		-		67.5		-
Loss from continuing operations before income taxes		(64.4)		(30.1)		(20.5)		(40.3)		(15.9)		67.5		(53.1)
Provision for (benefit from) income taxes		(10.8)		(11.0)		(2.1)		(13.1)		1.1		-		(22.8)
Loss from continuing operations		(53.6)		(19.1)		(18.4)		(27.2)		(17.0)		67.5		(30.3)
Discontinued operations:
Loss from discontinued operations		-		-		(26.2)		(26.2)		(5.2)		-		(31.4)
Benefit from income taxes of discontinued operations		-		-		(8.4)		(8.4)		-		-		(8.4)
Net loss from discontinued operations		-		-		(17.8)		(17.8)		(5.2)		-		(23.0)
Consolidated net loss		(53.6)		(19.1)		(36.2)		(45.0)		(22.2)		67.5		(53.3)
Less: net income attributable to noncontrolling interest		-		-		-		-		0.3		-		0.3
Net loss attributable to Axiall	$	(53.6)	$	(19.1)	$	(36.2)	$	(45.0)	$	(22.5)	$	67.5	$	(53.6)
Comprehensive income (loss) attributable to Axiall	$	(31.7)	$	(14.6)	$	(14.3)	$	(23.1)	$	4.2	$	18.9	$	(31.7)

AXIALL CORPORATION

Guarantor Condensed Consolidating Statement of Operations and

Comprehensive Loss

For the Three Months Ended March 31, 2015

(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	$	-	$	-	$	712.7	$	712.7	$	120.1	$	(48.2)	$	784.6
Operating costs and expenses:
Cost of sales		-		-		626.3		626.3		102.6		(48.2)		680.7
Selling, general and administrative expenses		12.4		-		47.2		47.2		16.4		-		76.0
Restructuring and divestiture costs		0.5		-		-		-		0.2		-		0.7
Integration-related costs and other, net		3.4		-		1.1		1.1		0.6		-		5.1
Total operating costs and expenses		16.3		-		674.6		674.6		119.8		(48.2)		762.5
Operating income (loss)		(16.3)		-		38.1		38.1		0.3		-		22.1
Other income (expense):
Interest income (expense), net		6.0		(20.9)		(0.1)		(20.9)		(2.7)		-		(17.6)
Debt refinancing costs		-		(0.1)		(3.1)		(3.2)		-		-		(3.2)
Foreign currency exchange gain (loss)		(0.1)		0.1		(0.1)		(0.1)		(0.5)		-		(0.7)
Equity in loss of subsidiaries		(3.0)		(7.0)		(4.5)		(4.5)		-		7.5		-
Income (loss) from continuing operations before income taxes		(13.4)		(27.9)		30.3		9.4		(2.9)		7.5		0.6
Provision for (benefit from) income taxes		(2.8)		(5.6)		10.5		4.9		0.9		-		3.0
Income (loss) from continuing operations		(10.6)		(22.3)		19.8		4.5		(3.8)		7.5		(2.4)
Discontinued operations:
Loss from discontinued operations, before tax		-		-		(2.6)		(2.6)		(4.6)		-		(7.2)
Benefit from income taxes of discontinued operations		-		-		(0.8)		(0.8)		-		-		(0.8)
Net loss from discontinued operations		-		-		(1.8)		(1.8)		(4.6)		-		(6.4)
Consolidated net income (loss)		(10.6)		(22.3)		18.0		2.7		(8.4)		7.5		(8.8)
Less: net income attributable to noncontrolling interest		-		-		-		-		1.8		-		1.8
Net income (loss) attributable to Axiall	$	(10.6)	$	(22.3)	$	18.0	$	2.7	$	(10.2)	$	7.5	$	(10.6)
Comprehensive loss attributable to Axiall	$	(38.4)	$	(6.8)	$	(11.9)	$	(27.2)	$	(57.0)	$	84.2	$	(38.4)

Guarantor Condensed Consolidating Statement of Cash Flows Information

AXIALL CORPORATION

Guarantor Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2016

(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)
Cash provided by (used in) operating activities - continuing operations	$	25.6	$	-	$	(35.7)	$	(35.7)	$	(2.1)	$	(8.8)	$	(21.0)
Cash provided by (used in) operating activities - discontinued operations		-		-		8.1		8.1		(4.1)		-		4.0
Net cash provided by (used in) operating activities		25.6		-		(27.6)		(27.6)		(6.2)		(8.8)		(17.0)
Cash flows from investing activities:
Capital expenditures		(0.2)		-		(55.7)		(55.7)		(1.4)		-		(57.3)
Proceeds from the sale of business assets		-		-		0.1		0.1		11.0		-		11.1
Cash used in investing activities - continuing operations		(0.2)		-		(55.6)		(55.6)		9.6		-		(46.2)
Cash provided by investing activities - discontinued operations		-		-		7.3		7.3		19.5		-		26.8
Net cash provided by (used in) investing activities		(0.2)		-		(48.3)		(48.3)		29.1		-		(19.4)
Cash flows from financing activities:
Long-term debt payments		-		-		(0.8)		(0.8)		-		-		(0.8)
Deferred acquisition payments		(15.0)		-		-		-		-		-		(15.0)
Dividends paid		(11.3)		-		-		-		-		-		(11.3)
Distribution to affiliate		-		-		(4.4)		(4.4)		(4.4)		8.8		-
Share-based compensation plan activity		1.1		-		-		-		-		-		1.1
Net cash used in financing activities		(25.2)		-		(5.2)		(5.2)		(4.4)		8.8		(26.0)
Effect of exchange rate changes on cash and cash equivalents		-		-		-		-		5.8		-		5.8
Net change in cash and cash equivalents		0.2		-		(81.1)		(81.1)		24.3		-		(56.6)
Cash and cash equivalents at beginning of period		0.3		-		161.7		161.7		96.0		-		258.0
Cash and cash equivalents at end of period	$	0.5	$	-	$	80.6	$	80.6	$	120.3	$	-	$	201.4

AXIALL CORPORATION

Guarantor Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2015

(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)
Cash provided by (used in) operating activities - continuing operations	$	22.1	$	-	$	(24.9)	$	(24.9)	$	(16.4)	$	-	$	(19.2)
Cash provided by (used in) operating activities - discontinued operations		-		-		5.0		5.0		(4.6)		-		0.4
Net cash provided by (used in) operating activities		22.1		-		(19.9)		(19.9)		(21.0)		-		(18.8)
Cash flows from investing activities:
Capital expenditures		(0.2)		-		(32.2)		(32.2)		(2.7)		-		(35.1)
Cash used in investing activities - continuing operations		(0.2)		-		(32.2)		(32.2)		(2.7)		-		(35.1)
Cash used in investing activities - discontinued operations		-		-		(0.7)		(0.7)		(1.0)		-		(1.7)
Net cash used in investing activities		(0.2)		-		(32.9)		(32.9)		(3.7)		-		(36.8)
Cash flows from financing activities:
Issuance of long-term debt		-		-		248.8		248.8		-		-		248.8
Long-term debt payments		-		(194.4)		(0.8)		(195.2)		-		-		(195.2)
Intercompany financing		-		194.4		(194.4)		-		-		-		-
Deferred acquisition payments		(10.0)		-		-		-		-		-		(10.0)
Fees paid related to financing activities		(0.3)		-		(2.7)		(2.7)		-		-		(3.0)
Dividends paid		(11.2)		-		-		-		-		-		(11.2)
Share-based compensation plan activities		(0.4)		-		-		-		-		-		(0.4)
Net cash used in financing activities		(21.9)		-		50.9		50.9		-		-		29.0
Effect of exchange rate changes on cash and cash equivalents		-		-		-		-		(5.5)		-		(5.5)
Net change in cash and cash equivalents		-		-		(1.9)		(1.9)		(30.2)		-		(32.1)
Cash and cash equivalents at beginning of period		-		-		78.2		78.2		88.6		-		166.8
Cash and cash equivalents at end of period	$	-	$	-	$	76.3	$	76.3	$	58.4	$	-	$	134.7