Guarantor Subsidiaries (Tables)

9 Months Ended

Sep. 27, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Consolidating Statement of Operations

Condensed Consolidating Statement of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended September 27, 2014
	Cott			Cott			Guarantor			Non-Guarantor		Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries		Entries			Consolidated
Revenue, net	$	42.4		$	187.1		$	282.6		$	35.7	$	(12.8	)	$	535.0
Cost of sales		36.2			162.6			254.6			30.9		(12.8	)		471.5
Gross profit		6.2			24.5			28.0			4.8		—			63.5
Selling, general and administrative expenses		5.8			24.1			13.1			2.0		—			45.0
Loss on disposal of property, plant & equipment		0.2			0.3			0.2			—		—			0.7
Restructuring and asset impairments
Restructuring		0.1			—			—			—		—			0.1
Asset impairments		—			—			(0.2	)		—		—			(0.2	)
Operating income		0.1			0.1			14.9			2.8		—			17.9
Other expense, net		0.4			4.6			0.4			—		—			5.4
Intercompany interest (income) expense, net		—			(4.6	)		4.6			—		—			—
Interest expense, net		0.1			8.5			0.3			0.1		—			9.0
(Loss) income before income tax expense and equity income (loss)		(0.4	)		(8.4	)		9.6			2.7		—			3.5
Income tax expense		—			1.7			0.1			—		—			1.8
Equity income (loss)		0.8			1.4			1.8			—		(4.0	)		—
Net income (loss)	$	0.4		$	(8.7	)	$	11.3		$	2.7	$	(4.0	)	$	1.7
Less: Net income attributable to non-controlling interests		—			—			—			1.3		—			1.3
Net income (loss) attributed to Cott Corporation	$	0.4		$	(8.7	)	$	11.3		$	1.4	$	(4.0	)	$	0.4
Comprehensive (loss) income attributed to Cott Corporation	$	(15.5	)	$	(36.0	)	$	4.3		$	3.0	$	28.7		$	(15.5	)

Condensed Consolidating Statement of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended September 27, 2014
	Cott			Cott			Guarantor		Non-Guarantor		Elimination
	Corporation			Beverages Inc.			Subsidiaries		Subsidiaries		Entries			Consolidated
Revenue, net	$	129.4		$	562.0		$	803.2	$	104.0	$	(37.6	)	$	1,561.0
Cost of sales		111.7			487.4			722.7		89.2		(37.6	)		1,373.4
Gross profit		17.7			74.6			80.5		14.8		—			187.6
Selling, general and administrative expenses		18.4			74.0			35.4		6.4		—			134.2
Loss on disposal of property, plant & equipment		0.2			0.8			0.2		—		—			1.2
Restructuring and asset impairments
Restructuring		2.1			0.2			0.1		—		—			2.4
Asset impairments		0.9			—			0.8		—		—			1.7
Operating (loss) income		(3.9	)		(0.4	)		44.0		8.4		—			48.1
Other (income) expense, net		(9.1	)		21.7			10.2		0.1		—			22.9
Intercompany interest (income) expense, net		—			(12.0	)		12.0		—		—			—
Interest expense, net		0.2			26.0			0.9		0.1		—			27.2
Income (loss) before income tax (benefit) expense and equity (loss) income		5.0			(36.1	)		20.9		8.2		—			(2.0	)
Income tax (benefit) expense		(1.4	)		4.6			0.1		0.1		—			3.4
Equity (loss) income		(15.9	)		4.1			8.8		—		3.0			—
Net (loss) income	$	(9.5	)	$	(36.6	)	$	29.6	$	8.1	$	3.0		$	(5.4	)
Less: Net income attributable to non-controlling interests		—			—			—		4.1		—			4.1
Net (loss) income attributed to Cott Corporation	$	(9.5	)	$	(36.6	)	$	29.6	$	4.0	$	3.0		$	(9.5	)
Comprehensive (loss) income attributed to Cott Corporation	$	(18.7	)	$	(42.7	)	$	57.8	$	4.8	$	(19.9	)	$	(18.7	)

Condensed Consolidating Statement of Operations

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended September 28, 2013
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Revenue, net	$	42.5		$	197.6		$	271.5		$	37.4		$	(5.8	)	$	543.2
Cost of sales		39.2			170.5			241.3			33.0			(5.8	)		478.2
Gross profit		3.3			27.1			30.2			4.4			—			65.0
Selling, general and administrative expenses		6.8			14.9			13.2			3.0			—			37.9
Loss on disposal of property, plant & equipment		0.1			0.4			0.6			—			—			1.1
Operating (loss) income		(3.6	)		11.8			16.4			1.4			—			26.0
Other income, net		(0.1	)		—			(0.6	)		—			—			(0.7	)
Intercompany interest (income) expense, net		—			(3.0	)		3.0			—			—			—
Interest (income) expense, net		(0.1	)		13.1			0.2			0.1			—			13.3
(Loss) income before income tax (benefit) expense and equity income (loss)		(3.4	)		1.7			13.8			1.3			—			13.4
Income tax (benefit) expense		(2.8	)		3.9			(1.2	)		0.2			—			0.1
Equity income (loss)		12.6			1.3			(0.3	)		—			(13.6	)		—
Net income (loss)	$	12.0		$	(0.9	)	$	14.7		$	1.1		$	(13.6	)	$	13.3
Less: Net income attributable to non-controlling interests		—			—			—			1.3			—			1.3
Net income (loss) attributed to Cott Corporation	$	12.0		$	(0.9	)	$	14.7		$	(0.2	)	$	(13.6	)	$	12.0
Comprehensive income attributed to Cott Corporation	$	23.8		$	28.9		$	30.6		$	—		$	(59.5	)	$	23.8

Condensed Consolidating Statement of Operations

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended September 28, 2013
	Cott			Cott			Guarantor			Non-Guarantor		Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries		Entries			Consolidated
Revenue, net	$	131.9		$	605.5		$	777.4		$	116.0	$	(18.4	)	$	1,612.4
Cost of sales		114.5			520.1			695.9			102.3		(18.4	)		1,414.4
Gross profit		17.4			85.4			81.5			13.7		—			198.0
Selling, general and administrative expenses		22.3			53.8			37.7			7.1		—			120.9
Loss on disposal of property, plant & equipment		0.1			0.7			0.6			—		—			1.4
Restructuring		0.5			0.5			0.7			0.3		—			2.0
Operating (loss) income		(5.5	)		30.4			42.5			6.3		—			73.7
Other (income), net		(0.1	)		—			(0.3	)		—		—			(0.4	)
Intercompany interest (income) expense, net		—			(8.7	)		8.7			—		—			—
Interest (income) expense, net		(0.2	)		39.1			0.4			0.1		—			39.4
(Loss) income before income tax expense (benefit) and equity income (loss)		(5.2	)		—			33.7			6.2		—			34.7
Income tax (benefit) expense		(2.1	)		5.5			(1.5	)		0.4		—			2.3
Equity income (loss)		31.6			3.9			(0.9	)		—		(34.6	)		—
Net income (loss)	$	28.5		$	(1.6	)	$	34.3		$	5.8	$	(34.6	)	$	32.4
Less: Net income attributable to non-controlling interests		—			—			—			3.9		—			3.9
Net income (loss) attributed to Cott Corporation	$	28.5		$	(1.6	)	$	34.3		$	1.9	$	(34.6	)	$	28.5
Comprehensive income (loss) attributed to Cott Corporation	$	23.9		$	(2.1	)	$	33.3		$	4.1	$	(35.3	)	$	23.9

Consolidating Balance Sheets

Consolidating Balance Sheets

(in millions of U.S. dollars)

Unaudited

	As of September 27, 2014
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	5.7		$	1.9		$	32.1		$	7.7		$	—		$	47.4
Accounts receivable, net of allowance		17.5			134.6			258.5			13.8			(174.2	)		250.2
Income taxes recoverable		0.4			0.6			—			—			—			1.0
Inventories		14.9			75.7			133.5			6.8			—			230.9
Prepaid expenses and other assets		3.2			11.3			9.5			0.1			—			24.1
Total current assets		41.7			224.1			433.6			28.4			(174.2	)		553.6
Property, plant & equipment, net		40.5			180.5			232.7			8.8			—			462.5
Goodwill		24.6			4.6			157.9			—			—			187.1
Intangibles and other assets, net		1.2			91.1			264.6			7.7			—			364.6
Deferred income taxes		4.6			—			—			0.8			—			5.4
Other tax receivable		0.2			0.1			—			—			—			0.3
Due from affiliates		38.6			173.2			3.0			—			(214.8	)		—
Investments in subsidiaries		435.9			286.4			697.9			—			(1,420.2	)		—
Total assets	$	587.3		$	960.0		$	1,789.7		$	45.7		$	(1,809.2	)	$	1,573.5
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	40.0		$	29.3		$	—		$	—		$	69.3
Current maturities of long-term debt		0.1			2.5			0.5			1.0			—			4.1
Accounts payable and accrued liabilities		27.0			202.2			231.8			10.7			(174.2	)		297.5
Total current liabilities		27.1			244.7			261.6			11.7			(174.2	)		370.9
Long-term debt		—			532.9			1.8			0.8			—			535.5
Deferred income taxes		—			36.3			25.5			1.3			—			63.1
Other long-term liabilities		0.1			5.5			33.2			—			—			38.8
Due to affiliates		1.4			1.6			175.5			36.3			(214.8	)		—
Total liabilities		28.6			821.0			497.6			50.1			(389.0	)		1,008.3
Equity
Capital stock, no par		389.4			509.4			1,632.9			40.4			(2,182.7	)		389.4
Additional paid-in-capital		47.9			—			—			—			—			47.9
Retained earnings (deficit)		147.4			(388.3	)		(362.3	)		(53.6	)		804.2			147.4
Accumulated other comprehensive (loss) income		(26.0	)		17.9			21.5			2.3			(41.7	)		(26.0	)
Total Cott Corporation equity		558.7			139.0			1,292.1			(10.9	)		(1,420.2	)		558.7
Non-controlling interests		—			—			—			6.5			—			6.5
Total equity		558.7			139.0			1,292.1			(4.4	)		(1,420.2	)		565.2
Total liabilities and equity	$	587.3		$	960.0		$	1,789.7		$	45.7		$	(1,809.2	)	$	1,573.5

Consolidating Balance Sheets

(in millions of U.S. dollars)

	As of December 28, 2013
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
ASSETS
Current assets
Cash & cash equivalents	$	1.5		$	1.1		$	39.1		$	5.5		$	—		$	47.2
Accounts receivable, net of allowance		19.0			114.1			229.8			15.5			(174.0	)		204.4
Income taxes recoverable		0.4			0.7			—			—			—			1.1
Inventories		16.2			77.0			132.9			7.0			—			233.1
Prepaid expenses and other assets		2.1			10.1			7.0			0.1			—			19.3
Total current assets		39.2			203.0			408.8			28.1			(174.0	)		505.1
Property, plant & equipment, net		47.9			190.2			235.7			9.9			—			483.7
Goodwill		25.8			4.5			107.0			—			—			137.3
Intangibles and other assets, net		1.3			88.0			196.2			10.7			—			296.2
Deferred income taxes		3.6			—			—			—			—			3.6
Other tax receivable		—			0.2			—			—			—			0.2
Due from affiliates		39.6			125.7			2.9			41.9			(210.1	)		—
Investments in subsidiaries		507.8			246.7			697.7			—			(1,452.2	)		—
Total assets	$	665.2		$	858.3		$	1,648.3		$	90.6		$	(1,836.3	)	$	1,426.1
LIABILITIES AND EQUITY
Current liabilities
Short-term borrowings	$	—		$	16.2		$	34.6		$	—		$	—		$	50.8
Current maturities of long-term debt		—			2.4			0.6			0.9			—			3.9
Accounts payable and accrued liabilities		25.5			214.4			225.6			6.7			(174.0	)		298.2
Total current liabilities		25.5			233.0			260.8			7.6			(174.0	)		352.9
Long-term debt		0.1			399.6			2.2			1.6			—			403.5
Deferred income taxes		—			32.0			9.1			0.4			—			41.5
Other long-term liabilities		0.1			2.8			19.4			—			—			22.3
Due to affiliates		43.1			1.6			128.1			37.3			(210.1	)		—
Total liabilities		68.8			669.0			419.6			46.9			(384.1	)		820.2
Equity
Capital stock, no par		392.8			509.4			1,557.5			82.5			(2,149.4	)		392.8
Additional paid-in-capital		44.1			—			—			—			—			44.1
Retained earnings (deficit)		176.3			(344.1	)		(322.1	)		(49.8	)		716.0			176.3
Accumulated other comprehensive (loss) income		(16.8	)		24.0			(6.7	)		1.5			(18.8	)		(16.8	)
Total Cott Corporation equity		596.4			189.3			1,228.7			34.2			(1,452.2	)		596.4
Non-controlling interests		—			—			—			9.5			—			9.5
Total equity		596.4			189.3			1,228.7			43.7			(1,452.2	)		605.9
Total liabilities and equity	$	665.2		$	858.3		$	1,648.3		$	90.6		$	(1,836.3	)	$	1,426.1

Consolidating Statements of Condensed Cash Flows

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended September 27, 2014
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Operating Activities
Net income (loss)	$	0.4		$	(8.7	)	$	11.3		$	2.7		$	(4.0	)	$	1.7
Depreciation & amortization		1.7			10.2			13.9			1.4			—			27.2
Amortization of financing fees		—			0.7			—			—			—			0.7
Share-based compensation expense		0.1			1.1			0.2			0.1			—			1.5
(Decrease) increase in deferred income taxes		(0.3	)		1.8			0.7			—			—			2.2
Loss on disposal of property, plant & equipment		0.2			0.3			0.2			—			—			0.7
Asset impairments		—			—			(0.2	)		—			—			(0.2	)
Write-off of financing fees and discount		—			0.8			—			—			—			0.8
Equity income, net of distributions		(0.8	)		(1.4	)		(1.8	)		—			4.0			—
Intercompany dividends		44.2			2.5			—			—			(46.7	)		—
Other non-cash items		(0.2	)		—			0.2			—			—			—
Net change in operating assets and liabilities, net of acquisitions		(36.3	)		47.1			12.1			3.0			—			25.9
Net cash provided by operating activities		9.0			54.4			36.6			7.2			(46.7	)		60.5
Investing Activities
Additions to property, plant & equipment		—			(7.8	)		(2.6	)		(0.4	)		—			(10.8	)
Additions to intangibles and other assets		—			(1.5	)		—			—			—			(1.5	)
Proceeds from sale of property, plant & equipment		—			1.6			—			—			—			1.6
Net cash (used in) provided by investing activities		—			(7.7	)		(2.6	)		(0.4	)		—			(10.7	)
Financing Activities
Payments of long-term debt		—			(79.2	)		(0.1	)		(0.8	)		—			(80.1	)
Borrowings under ABL		—			191.1			—			—			—			191.1
Payments under ABL		—			(156.0	)		—			—			—			(156.0	)
Distributions to non-controlling interests		—			—			—			(2.4	)		—			(2.4	)
Financing fees		—			(1.2	)		—			—			—			(1.2	)
Common shares repurchased and cancelled		(4.6	)		—			—			—			—			(4.6	)
Payment of deferred consideration for acquisitions		—			(32.4	)		—			—			—			(32.4	)
Dividends paid to shareholders		(5.6	)		—			—			—			—			(5.6	)
Intercompany dividends		—			—			(44.2	)		(2.5	)		46.7			—
Net cash used in financing activities		(10.2	)		(77.7	)		(44.3	)		(5.7	)		46.7			(91.2	)
Effect of exchange rate changes on cash		(0.3	)		—			(1.7	)		(0.1	)		—			(2.1	)
Net (decrease) increase in cash & cash equivalents		(1.5	)		(31.0	)		(12.0	)		1.0			—			(43.5	)
Cash & cash equivalents, beginning of period		7.2			32.9			44.1			6.7			—			90.9
Cash & cash equivalents, end of period	$	5.7		$	1.9		$	32.1		$	7.7		$	—		$	47.4

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended September 27, 2014
	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net (loss) income	$	(9.5	)	$	(36.6	)	$	29.6		$	8.1		$	3.0		$	(5.4	)
Depreciation & amortization		4.8			30.6			38.8			4.3			—			78.5
Amortization of financing fees		0.1			1.7			0.1			—			—			1.9
Share-based compensation expense		0.9			3.4			0.5			0.1			—			4.9
(Decrease) increase in deferred income taxes		(1.6	)		4.4			0.9			—			—			3.7
Loss on disposal of property, plant & equipment		0.2			0.8			0.2			—			—			1.2
Asset impairments		0.9			—			0.8			—			—			1.7
Write-off of financing fees and discount		—			4.1			—			—			—			4.1
Equity loss (income), net of distributions		15.9			(4.1	)		(8.8	)		—			(3.0	)		—
Intercompany dividends		62.4			7.5			9.3			—			(79.2	)		—
Other non-cash items		(0.4	)		(0.2	)		(0.1	)		—			—			(0.7	)
Net change in operating assets and liabilities, net of acquisitions		(44.3	)		(89.8	)		76.1			5.7			—			(52.3	)
Net cash provided by (used in) operating activities		29.4			(78.2	)		147.4			18.2			(79.2	)		37.6
Investing Activities
Acquisitions, net of cash received		—			—			(80.8	)		—			—			(80.8	)
Additions to property, plant & equipment		(0.9	)		(20.0	)		(10.1	)		(0.4	)		—			(31.4	)
Additions to intangibles and other assets		—			(4.3	)		—			—			—			(4.3	)
Proceeds from sale of property, plant & equipment		—			1.6			—			—			—			1.6
Net cash (used in) provided by investing activities		(0.9	)		(22.7	)		(90.9	)		(0.4	)		—			(114.9	)
Financing Activities
Payments of long-term debt		(0.1	)		(391.4	)		(0.3	)		(0.8	)		—			(392.6	)
Issuance of long-term debt		—			525.0			—			—			—			525.0
Borrowings under ABL		—			474.3			—			—			—			474.3
Payments under ABL		—			(455.4	)		—			—			—			(455.4	)
Distributions to non-controlling interests		—			—			—			(7.2	)		—			(7.2	)
Financing fees		—			(9.1	)		—			—			—			(9.1	)
Common shares repurchased and cancelled		(7.7	)		—			—			—			—			(7.7	)
Dividends paid to shareholders		(16.4	)		—			—			—			—			(16.4	)
Payment of deferred consideration for acquisitions		—			(32.4	)		—			—			—			(32.4	)
Intercompany dividends		—			(9.3	)		(62.4	)		(7.5	)		79.2			—
Net cash (used in) provided by financing activities		(24.2	)		101.7			(62.7	)		(15.5	)		79.2			78.5
Effect of exchange rate changes on cash		(0.1	)		—			(0.8	)		(0.1	)		—			(1.0	)
Net increase (decrease) in cash & cash equivalents		4.2			0.8			(7.0	)		2.2			—			0.2
Cash & cash equivalents, beginning of period		1.5			1.1			39.1			5.5			—			47.2
Cash & cash equivalents, end of period	$	5.7		$	1.9		$	32.1		$	7.7		$	—		$	47.4

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Three Months Ended September 28, 2013
	Cott Corporation			Cott Beverages Inc.			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Elimination Entries			Consolidated
Operating Activities
Net income (loss)	$	12.0		$	(0.9	)	$	14.7		$	1.1		$	(13.6	)	$	13.3
Depreciation & amortization		1.6			9.6			12.3			1.6			—			25.1
Amortization of financing fees		—			0.7			—			—			—			0.7
Share-based compensation expense		0.3			0.7			0.1			—			—			1.1
(Decrease) increase in deferred income taxes		(2.5	)		3.4			(0.5	)		(0.1	)		—			0.3
Loss on disposal of property, plant & equipment		0.1			0.4			0.6			—			—			1.1
Equity (income) loss, net of distributions		(12.6	)		(1.3	)		0.3			—			13.6			—
Intercompany dividends		2.2			2.4			—			—			(4.6	)		—
Other non-cash items		0.2			(0.2	)		—			—			—			—
Net change in operating assets and liabilities, net of acquisition		(0.7	)		28.3			18.0			0.2						45.8
Net cash provided by operating activities		0.6			43.1			45.5			2.8			(4.6	)		87.4
Investing Activities
Acquisition, net of cash acquired		—			(4.7	)		—			—			—			(4.7	)
Additions to property, plant & equipment		(1.1	)		(7.9	)		(1.2	)		—			—			(10.2	)
Additions to intangibles and other assets		—			(2.1	)		—			—			—			(2.1	)
Proceeds from sale of property, plant & equipment		—			—			—			0.2			—			0.2
Net cash (used in) provided by investing activities		(1.1	)		(14.7	)		(1.2	)		0.2			—			(16.8	)
Financing Activities
Payments of long-term debt		—			—			(0.1	)		(0.5	)		—			(0.6	)
Distributions to non-controlling interests		—			—			—			(2.2	)		—			(2.2	)
Common shares repurchased and cancelled		(4.5	)		—			—			—			—			(4.5	)
Financing fees		(0.1	)		—			—			—			—			(0.1	)
Dividends paid to shareholders		(5.5	)		—			—			—			—			(5.5	)
Intercompany dividends		—			—			(2.2	)		(2.4	)		4.6			—
Net cash used in financing activities		(10.1	)		—			(2.3	)		(5.1	)		4.6			(12.9	)
Effect of exchange rate changes on cash		0.5			—			0.8			—			—			1.3
Net (decrease) increase in cash & cash equivalents		(10.1	)		28.4			42.8			(2.1	)		—			59.0
Cash & cash equivalents, beginning of period		33.3			13.5			12.6			7.4			—			66.8
Cash & cash equivalents, end of period	$	23.2		$	41.9		$	55.4		$	5.3		$	—		$	125.8

Consolidating Statements of Condensed Cash Flows

(in millions of U.S. dollars)

Unaudited

	For the Nine Months Ended September 28, 2013
	Cott			Cott			Guarantor			Non-Guarantor			Elimination
	Corporation			Beverages Inc.			Subsidiaries			Subsidiaries			Entries			Consolidated
Operating Activities
Net income (loss)	$	28.5		$	(1.6	)	$	34.3		$	5.8		$	(34.6	)	$	32.4
Depreciation & amortization		4.7			29.0			36.4			4.6			—			74.7
Amortization of financing fees		0.1			2.0			0.1			—			—			2.2
Share-based compensation expense		1.1			2.2			0.3			—			—			3.6
(Decrease) increase in deferred income taxes		(2.0	)		5.2			(1.2	)		(0.1	)		—			1.9
Loss on disposal of property, plant & equipment		0.1			0.7			0.6			—			—			1.4
Equity (income) loss, net of distributions		(31.6	)		(3.9	)		0.9			—			34.6			—
Intercompany dividends		24.7			5.3			—			—			(30.0	)		—
Other non-cash items		0.2			—			—			—			—			0.2
Net change in operating assets and liabilities, net of acquisition		(5.2	)		2.4			(52.2	)		1.5			—			(53.5	)
Net cash provided by (used in) operating activities		20.6			41.3			19.2			11.8			(30.0	)		62.9
Investing Activities
Acquisition, net of cash acquired		—			(4.7	)		(6.5	)		—			—			(11.2	)
Additions to property, plant & equipment		(6.0	)		(27.9	)		(9.5	)		(1.3	)		—			(44.7	)
Additions to intangibles and other assets		—			(4.0	)		—			—			—			(4.0	)
Proceeds from sale of property, plant & equipment		—			—			—			0.2			—			0.2
Proceeds from insurance recoveries		—			0.4			—			—			—			0.4
Net cash used in investing activities		(6.0	)		(36.2	)		(16.0	)		(1.1	)		—			(59.3	)
Financing Activities
Payments of long-term debt		(0.1	)		(0.7	)		(18.6	)		(0.8	)		—			(20.2	)
Distributions to non-controlling interests		—			—			—			(5.0	)		—			(5.0	)
Common shares repurchased and cancelled		(12.9	)		—			—			—			—			(12.9	)
Financing fees		(0.1	)		—			—			—			—			(0.1	)
Dividends paid to shareholders		(16.7	)		—			—			—			—			(16.7	)
Intercompany dividends		—			—			(24.7	)		(5.3	)		30.0			—
Net cash used in financing activities		(29.8	)		(0.7	)		(43.3	)		(11.1	)		30.0			(54.9	)
Effect of exchange rate changes on cash		(1.4	)		—			(0.9	)		—			—			(2.3	)
Net (decrease) increase in cash & cash equivalents		(16.6	)		4.4			(41.0	)		(0.4	)		—			(53.6	)
Cash & cash equivalents, beginning of period		39.8			37.5			96.4			5.7			—			179.4
Cash & cash equivalents, end of period	$	23.2		$	41.9		$	55.4		$	5.3		$	—		$	125.8