XML 77 R93.htm IDEA: XBRL DOCUMENT v2.4.0.8
Guarantor and Non-Guarantor Financial Statements (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2013
Parent
Dec. 31, 2012
Parent
Dec. 31, 2011
Parent
Dec. 31, 2013
Guarantor Subsidiaries
Dec. 31, 2012
Guarantor Subsidiaries
Dec. 31, 2011
Guarantor Subsidiaries
Dec. 31, 2013
Non-Guarantor Subsidiaries
Dec. 31, 2012
Non-Guarantor Subsidiaries
Dec. 31, 2011
Non-Guarantor Subsidiaries
Dec. 31, 2013
Consolidating Adjustments
Dec. 31, 2012
Consolidating Adjustments
Dec. 31, 2011
Consolidating Adjustments
May 23, 2012
Senior Notes
Condensed Financial Statements [Line Items]                                                  
Principal amount of notes $ 225.0       $ 225.0       $ 225.0 $ 225.0                             $ 225.0
Ownership interest by parent 100.00%               100.00%                                
Current assets:                                                  
Cash and cash equivalents 169.5       273.4       169.5 273.4 49.8   5.0 5.0 5.0 157.7 266.0 43.0 6.8 2.4 1.8 0 0 0  
Short-term investments 129.5       85.0       129.5 85.0     0 0   129.5 85.0   0 0   0 0    
Receivables:                                                  
Trade, less allowance for doubtful receivables 119.8       123.8       119.8 123.8     0 0   117.7 121.5   2.1 2.3   0 0    
Intercompany receivables 0       0       0 0     0 0   0.1 (10.3)   0.2 0.4   (0.3) 9.9    
Other 13.4       3.4       13.4 3.4     0 0   5.3 1.3   8.1 2.1   0 0    
Inventories 214.4       186.0       214.4 186.0     0 0   208.6 178.7   6.4 7.3   (0.6) 0    
Prepaid expenses and other current assets 44.2       70.1       44.2 70.1     0.1 0   43.7 68.1   0.4 2.0   0 0    
Total current assets 690.8       741.7       690.8 741.7     5.1 5.0   662.6 710.3   24.0 16.5   (0.9) 9.9    
Investments in and advances to unconsolidated affiliates 0       0       0 0     1,437.9 1,284.1   26.5 7.4   0 0   (1,464.4) (1,291.5)    
Property, plant, and equipment — net 429.3       384.3       429.3 384.3     0 0   414.0 371.8   15.3 12.5   0 0    
Long-term intercompany receivables 0       0       0 0     31.3 163.7   1.6 0.4   9.5 6.4   (42.4) (170.5)    
Net asset in respect of VEBAs 406.0       365.9       406.0 365.9     0 0   406.0 365.9   0 0   0 0    
Deferred tax assets — net 69.1       102.0       69.1 102.0     0 0   60.2 93.4   0 (0.8)   8.9 9.4    
Intangible assets — net 33.7       35.4       33.7 35.4     0 0   33.7 35.4   0 0   0 0    
Goodwill 37.2       37.2       37.2 37.2     0 0   37.2 37.2   0 0   0 0    
Other assets 104.8       86.0       104.8 86.0     86.2 64.0   18.5 19.2   0.1 3.0   0 (0.2)    
Total 1,770.9       1,752.5       1,770.9 1,752.5 1,320.6   1,560.5 1,516.8   1,660.3 1,641.0   48.9 37.6   (1,498.8) (1,442.9)    
Current liabilities:                                                  
Accounts payable 62.9       62.5       62.9 62.5     1.1 0.1   56.3 56.5   5.5 5.9   0 0    
Intercompany payable 0       0       0 0     0 0   13.9 0.3   0.1 0.2   (14.0) (0.5)    
Accrued salaries, wages, and related expenses 42.7       39.3       42.7 39.3     0 0   39.3 36.7   3.4 2.6   0 0    
Other accrued liabilities 44.8       51.8       44.8 51.8     3.5 3.5   39.9 47.8   1.4 0.5   0 0    
Payable to affiliate 0       7.9       0 7.9       0     7.9     0     0    
Short-term capital leases 0.2       0.1       0.2 0.1     0 0   0.2 0.1   0 0   0 0    
Total current liabilities 150.6       161.6       150.6 161.6     4.6 3.6   149.6 149.3   10.4 9.2   (14.0) (0.5)    
Net liability in respect of VEBA 0       5.3       0 5.3       0     5.3     0     0    
Deferred tax liability 1.2       0       1.2 0     0     0     1.2     0      
Long-term intercompany payable 0       0       0 0     0 0   40.7 170.0   1.7 0.5   (42.4) (170.5)    
Long-term liabilities 146.4       134.5       146.4 134.5     83.2 62.1   52.0 49.6   11.2 22.8   0 0    
Long-term debt 388.5       380.3       388.5 380.3     388.5 380.3   0 0   0 0   0 0    
Total liabilities 686.7       681.7       686.7 681.7     476.3 446.0   242.3 374.2   24.5 32.5   (56.4) (171.0)    
Total stockholders’ equity 1,084.2       1,070.8       1,084.2 1,070.8 872.8 888.7 1,084.2 1,070.8   1,418.0 1,266.8   24.4 5.1   (1,442.4) (1,271.9)    
Total 1,770.9       1,752.5       1,770.9 1,752.5     1,560.5 1,516.8   1,660.3 1,641.0   48.9 37.6   (1,498.8) (1,442.9)    
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME                                                  
Net sales 311.3 319.9 328.9 337.4 314.0 335.5 345.2 365.4 1,297.5 1,360.1 1,301.3   0 0 0 1,275.2 1,326.0 1,264.5 118.0 124.0 133.6 (95.7) (89.9) (96.8)  
Cost of products sold:                                                  
Cost of products sold, excluding depreciation and amortization and other items 254.3 259.5 261.5 263.6 264.8 268.9 284.4 298.1 1,038.9 1,116.2 1,129.0   0 0 0 1,026.0 1,090.0 1,098.7 105.7 110.2 125.4 (92.8) (84.0) (95.1)  
Unrealized (gains) losses on derivative instruments (4.1) (1.5) 4.2 0.7 0.1 (12.3) 0.1 (3.1) (0.7) (15.2) 29.9   0 0 0 (0.7) (15.2) 29.9 0 0 0 0 0 0  
Restructuring benefits                 0 0 (0.3)       0     (0.3)     0     0  
Depreciation and amortization                 28.1 26.5 25.2   0 0 0 27.0 25.5 24.3 1.1 1.0 0.9 0 0 0  
Selling, administrative, research and development, and general (includes accumulated other comprehensive income reclassifications related to VEBA and Canadian pension plan adjustments of $5.7, $7.3 and $4.8 for the years ended 2013, 2012 and 2011, respectively) - See Note 7                 57.9 62.2 62.7   3.8 2.0 1.8 47.6 57.7 56.3 8.9 8.2 6.2 (2.4) (5.7) (1.6)  
Other operating (benefits) charges, net                   4.5 (0.2)     0 0   4.5 0.1   0 (0.3)   0 0  
Total costs and expenses                 1,124.2 1,194.2 1,246.3   3.8 2.0 1.8 1,099.9 1,162.5 1,209.0 115.7 119.4 132.2 (95.2) (89.7) (96.7)  
Operating (loss) income 41.6 41.6 40.1 50.0 23.9 56.2 39.6 46.2 173.3 165.9 55.0   (3.8) (2.0) (1.8) 175.3 163.5 55.5 2.3 4.6 1.4 (0.5) (0.2) (0.1)  
Interest expense                 (35.7) (29.1) (18.0)   (36.6) (28.2) (16.2) 0.5 (1.0) (1.8) 0 0 0 0.4 0.1 0  
Other (expense) income:                                                  
Other income, net                 5.6 2.8 4.3   3.9 0.8 4.0 2.0 1.5 0.4 0 0.6 (0.1) (0.3) (0.1) 0  
(Loss) income before income taxes                 143.2 139.6 41.3   (36.5) (29.4) (14.0) 177.8 164.0 54.1 2.3 5.2 1.3 (0.4) (0.2) (0.1)  
Income tax provision                 (38.4) (53.8) (16.2)   0 0 0 (68.1) (62.6) (21.8) 15.7 (2.3) (0.6) 14.0 11.1 6.2  
Earnings in equity of subsidiaries                 0 0 0   141.3 115.2 39.1 17.6 2.6 0.8 0 0 0 (158.9) (117.8) (39.9)  
Net income 27.3 25.4 18.6 33.5 9.1 29.2 21.0 26.5 104.8 85.8 25.1   104.8 85.8 25.1 127.3 104.0 33.1 18.0 2.9 0.7 (145.3) (106.9) (33.8)  
Comprehensive income (loss)                 110.1 144.8 (40.2)   110.1 144.8 (40.2) 131.6 164.0 (32.2) 19.0 1.9 0.7 (150.6) (165.9) 31.5  
Cash flows from operating activities:                                                  
Net cash (used in) provided by operating activities                 111.7 152.4 62.8   (29.2) (17.8) (10.2) 131.7 164.3 71.9 9.2 5.9 1.1 0 0 0  
Cash flows from investing activities:                                                  
Capital expenditures                 (70.4) (44.1) (32.5)   0 0 0 (66.5) (42.6) (31.2) (3.9) (1.5) (1.3) 0 0 0  
Purchase of available for sale securities                 (227.8) (85.0) (0.3)   0 0 0 (227.8) (85.0) (0.3)    0 0 0 0 0  
Proceeds from disposition of available for sale securities                 183.1 0 0   0     183.1     0     0      
Proceeds from disposal of property, plant and equipment                 0 0.3 0.7     0 0   0.3 0   0 0.7   0 0  
Cash payment for acquisition of manufacturing facility and related assets (net of $4.9 of cash received in connection with the acquisition in 2011)                 0 0 (83.2)       0     (83.2)     0     0  
Change in restricted cash                 1.7 6.9 (1.0)   0 6.9 0 0.7 0.4 (1.0) 1.0 (0.4) 0 0 0 0  
Net cash provided by (used in) investing activities                 (113.4) (121.9) (116.3)   0 6.9 0 (110.5) (126.9) (115.7) (2.9) (1.9) (0.6) 0 0 0  
Cash flows from financing activities:                                                  
Proceeds from issuance of Senior Notes                 0 225.0 0     225.0     0     0     0    
Repayments of capital lease                 (0.1) (0.1) (0.1)   0 0 0 (0.1) (0.1) (0.1) 0 0 0 0 0 0  
Repayment of promissory notes                 0 (4.7) (8.3)     0 0   (4.7) (8.3)   0 0   0 0  
Cash paid for financing costs                 0 (6.6) (2.1)     (6.6) 0   0 (2.1)   0 0   0 0  
Repurchase of common stock                 (78.3) 0 0   (78.3)     0     0     0      
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest                 1.1 1.3 0.2   0 0 0 1.1 1.3 0.2 0 0 0 0 0 0  
Repurchase of common stock to cover employees' tax withholdings upon vesting of non-vested shares                 (2.5) (2.2) (3.1)   (2.5) (2.2) (3.1) 0 0 0 0 0 0 0 0 0  
Cash dividend paid to stockholders                 (23.0) (19.6) (18.9)   (23.0) (19.6) (18.9) 0 0 0 0 0 0 0 0 0  
Cash dividend returned to the Company     0.6           0.6 0 0   0.6     0     0     0      
Intercompany loan                 0 0 0   132.4 (185.7) 32.2 (130.5) 189.1 (32.5) (1.9) (3.4) 0.3 0 0 0  
Net cash provided by (used in) financing activities                 (102.2) 193.1 (32.3)   29.2 10.9 10.2 (129.5) 185.6 (42.8) (1.9) (3.4) 0.3 0 0 0  
Net (decrease) increase in cash and cash equivalents during the period                 (103.9) 223.6 (85.8)   0 0 0 (108.3) 223.0 (86.6) 4.4 0.6 0.8 0 0 0  
Cash and cash equivalents at beginning of period       273.4       49.8 273.4 49.8 135.6   5.0 5.0 5.0 266.0 43.0 129.6 2.4 1.8 1.0 0 0 0  
Cash and cash equivalents at end of period $ 169.5       $ 273.4       $ 169.5 $ 273.4 $ 49.8   $ 5.0 $ 5.0 $ 5.0 $ 157.7 $ 266.0 $ 43.0 $ 6.8 $ 2.4 $ 1.8 $ 0 $ 0 $ 0