10-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2014

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

Commission file number: 1-12983

GENERAL CABLE CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	06-1398235
(State or other jurisdiction of	(I.R.S. Employer Identification No.)
incorporation or organization)
4 Tesseneer Drive	41076-9753
Highland Heights, KY	(Zip Code)
(Address of principal executive offices)

Registrant’s telephone number, including area code: (859) 572-8000

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class	Name of each exchange on which registered
Common Stock, $.01 Par Value	New York Stock Exchange

Securities Registered Pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes þ No o

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No þ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þ No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation of S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of the registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer” “accelerated filer" and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer þ Accelerated filer o Non-accelerated filer o Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes o No þ

The aggregate market value of the registrant’s Common Stock held by non-affiliates of the registrant was $1,208.2 million at June 27, 2014 (based upon non-affiliate holdings of 47,699,463 shares and a market price of $25.33 per share).

As of February 17, 2015 there were 48,868,767 shares of the registrant’s Common Stock outstanding.

DOCUMENTS INCORPORATED BY REFERENCE:

Portions of the definitive Proxy Statement for the registrant’s Annual Meeting of Shareholders to be filed with the Securities and Exchange Commission within 120 days after December 31, 2014 have been incorporated by reference into Part III of this Annual Report on Form 10-K.

GENERAL CABLE CORPORATION AND SUBSIDIARIES

INDEX TO ANNUAL REPORT

ON FORM 10-K

	PAGE
PART I
Item 1. Business	3
Item 1A. Risk Factors	10
Item 1B. Unresolved Staff Comments	19
Item 2. Properties	20
Item 3. Legal Proceedings	21
Item 4. Mine Safety Disclosures	25
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	26
Item 6. Selected Financial Data	28
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations	30
Item 7A. Quantitative and Qualitative Disclosures About Market Risk	49
Item 8. Financial Statements and Supplementary Data	51
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	51
Item 9A. Controls and Procedures	51
Item 9B. Other Information	54
PART III
Item 10. Directors, Executive Officers and Corporate Governance	54
Item 11. Executive Compensation	54
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	54
Item 13. Certain Relationships and Related Transactions, and Director Independence	54
Item 14. Principal Accounting Fees and Services	54
PART IV
Item 15. Exhibits and Financial Statement Schedules	54
Signatures	56
Exhibit Index	57

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PART I.

ITEM 1. BUSINESS

General Cable Corporation ("the Company") is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company additionally engages in the design, integration, and installation on a turn-key basis for products such as high and extra-high voltage terrestrial and submarine systems. The Company strives to enhance shareholder value in multiple ways, including:

• Focusing on delivering increased returns from the Company's core strategic operations in North America, Latin America and Europe by leveraging economies of scale and capitalizing on the Company's leading positions across key markets where the Company has built long-standing customer relationships, efficient supply chains and a wide range of product offerings;

• Simplifying the geographic portfolio and reducing operational complexity by exiting its operations in Africa and Asia Pacific;

• Capitalizing on the Company's leading market positions to benefit from key end markets, such as electricity transmission and distribution, power generation and communications;

• Strengthening and expanding customer relationships by providing a diverse product line coupled with a high level of quality and customer service;

• Continuing to increase cash flow through operational excellence by leveraging the Company's operating systems, logistical expertise, Lean Six Sigma (“Lean”) manufacturing tools and techniques to increase margins as well as focusing on delivering improved returns through the Company's restructuring program;

• Managing the Company's product portfolio by pursuing market share in fast growing and value added product lines, including the Company's position in turnkey projects, communications, transportation, industrial and specialty cables;

• Leveraging the Company's diversity and intellectual property through the sharing of best practices across the organization; and

• Maintaining high operational standards through sustainability, safety, and innovation.

By operating under these guiding principles, the Company has been able to build a strong market position in each of the segments in which it competes. The Company considers its key performance indicators to be volume, as measured in metal pounds sold, operating income, net income, adjusted earnings before interest, tax, depreciation and amortization ("adjusted EBITDA"), earnings per share, operating cash flows, the cash conversion cycle, returns on capital employed and invested capital and working capital efficiency.

The Company is a Delaware corporation and was incorporated in 1994. The Company and its predecessors have served various wire and cable markets for over 150 years. The Company's immediate predecessor was a unit of American Premier Underwriters, Inc. (“American Premier”), previously known as The Penn Central Corporation. American Premier acquired the Company's existing wire and cable business in 1981. In 1994, a subsidiary of Wassall PLC acquired the predecessor by purchase of General Cable's outstanding subordinated promissory note, the General Cable common stock held by American Premier and a tender offer for the publicly-held General Cable common stock. In 1997, Wassall consummated public offerings for the sale of all of its interest in General Cable's common stock. The Company has operated as an independent public company since completion of the offerings and its common stock is traded on the New York Stock Exchange under the ticker symbol, BGC.

For purposes of this report, unless the context otherwise requires, all references herein to the “Company,” “General Cable,” “we,” “us,” and “our” shall refer to General Cable Corporation and its subsidiaries.

Business Segments

The Company's operating structure is the basis for its financial reporting. In 2014, the Company reorganized its reportable segments as a result of a change to what the chief operating decision maker ("CODM") uses to measure profitability and allocate resources. Accordingly, in the fourth quarter of 2014, the Company began conducting its operations through four geographic operating and reportable segments — North America, Europe, Latin America, and Africa/Asia Pacific. Additional financial information regarding the segments appears in Note 18 - Segment Information.

North America

The North America segment engages in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, construction, specialty and communications markets principally for use in the electric utility, electrical infrastructure, construction, and communications industries, as well as manufacture and distribution of rod mill wire and cable products primarily in the United States and Canada. The North America segment contributed approximately 43%, 43% and 39% of the Company’s consolidated revenues for 2014, 2013 and 2012, respectively.

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The North America segment consists of 22 manufacturing facilities across the region. In February 2014, as part of the Company's productivity and asset optimization plans, and in July 2014, as part of the Company's restructuring plan, the Company announced the permanent closure of two manufacturing facilities in the electric utility business and one manufacturing facility in the automotive business in North America. On September 4, 2012, the Company completed the acquisition of the North American business of Alcan Cable North America and on November 2, 2012, the Company acquired Prestolite Wire, LLC; these acquisitions have created synergies, expanded the range of product offerings and increased production capacity in North America.

Additionally, the North America segment has regional centers of excellence and state-of-the-art laboratories for technical expertise and innovation in material technology and compounding, electrical testing, data cables, and specialty and military cables.

Europe

The Europe segment engages in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, construction, specialty and communications markets principally for use in the electric utility, electrical infrastructure, construction, and communications industries with operations in France, Germany, Norway, Portugal and Spain, and sells into markets throughout Europe, the Mediterranean and Africa. Additionally, the Europe segment engages in the design, integration, and installation on a turn-key basis of products such as high and extra-high voltage terrestrial and submarine systems around the world. The Europe segment contributed approximately 22%, 23% and 25% of the Company’s consolidated revenues for 2014, 2013, and 2012, respectively.

The Europe segment consists of 7 manufacturing facilities across the region. As part of the Company's July restructuring plan, the Company announced restructuring actions in two manufacturing facilities in Europe, permanently closing one manufacturing operation. Additionally, the Europe segment has regional centers of excellence and state-of-the-art laboratories for high and extra-high voltage power cables and systems, submarine power and communications systems, and halogen-free flame retardant technology and compounding.

Latin America

The Latin America segment engages in the development, design, manufacture, marketing and distribution of copper and aluminum wire and cable products for use in the energy, industrial, construction, specialty and communications markets as well as manufacture and distribution of rod mill wire and cable products. The Latin America operations and equity investments are located in Brazil, Chile, Colombia, Costa Rica, Ecuador, Honduras, Mexico and Venezuela. The Latin America segment contributed approximately 19%, 18% and 20% of the Company’s consolidated revenues in 2014, 2013 and 2012, respectively.

The Latin America segment serves developing countries and customers in sectors that are expected to offer better growth opportunity over time than the developed world. The rod mill wire and cable operations provide a competitive advantage in these markets.

The Latin America segment consists of 9 manufacturing facilities across the segment. In July 2014, as part of the Company's restructuring plan, the Company announced the permanent closure of the Company's Peru manufacturing facility. On October 1, 2012, the Company acquired 60% of Procables based in Colombia. Additionally, the Latin America segment has regional centers of excellence and state-of-the-art laboratories for rod fabrication and drawing.

Africa/Asia Pacific

In October 2014, the Company announced the intent to divest all of its operations in Asia Pacific and Africa in order to simplify its geographic portfolio and reduce operational complexity. The Company plans to continue operations until each manufacturing unit is divested.

The Africa/Asia Pacific segment engages in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets as well as manufacture and distribution of rod mill wire and cable products. The Africa/Asia Pacific operations and equity investments are located in Algeria, Angola, Australia, China, Egypt, Fiji, Hong Kong, New Zealand, Oman, Pakistan, South Africa, Thailand, and Zambia. The Africa/Asia Pacific segment contributed approximately 16%, 16% and 16% of the Company’s consolidated revenues in 2014, 2013 and 2012, respectively.

The Africa/Asia Pacific segment consists of 10 manufacturing facilities across the segment. In December 2014, the Company completed the sale of its 60% interest in Phelps Dodge International Philippines, Inc. In July 2014, as part of the Company's restructuring plan, the Company announced the permanent closure of the Company's India manufacturing facility. On December 3, 2012, the Company completed the acquisition of the China based business of Alcan Cable.

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Products

The Company serves its customers through a network of manufacturing facilities with worldwide sales representation and distribution. The Company believes it has one of the most diversified product lines in the industry to meet customers' needs. The various wire and cable product lines are sold and manufactured by all geographic segments. Revenue by product line and geographic region is included in Note 18 - Segment Information. The majority of products sold by the Company's four segments include the following:

Product Category	Principal Products	Principal Markets	Principal End-Users
Electric Utility	- low- and medium-voltage distribution cables  - high- and extra-high-voltage underground transmission cables and installation  - bare overhead conductors  - submarine transmission and distribution cables	- electric utilities	- investor-owned utility companies  - government-owned and state and local public power companies  - contractors
Electrical Infrastructure	- rubber- and plastic-jacketed wire and cables  - low- and medium-voltage industrial power cables  - ignition wire sets  - cable wire harnesses  - rail and mass transit cables  - shipboard cables  - oil and gas cables  - armored mining cables  - alternative energy power generation cables	- power generating stations; solar, nuclear, wind applications  - industrial applications; marine, mining, oil and gas, transit, machine builders and entertainment  - military  - infrastructure  - automotive aftermarket  - industrial power and control  - medical	- industrial consumers  - contractors  - electrical distributors  - electrical retailers  - OEM (original equipment manufacturers)  - DIY (do-it-yourself customers)  - industrial equipment manufacturers  - military customers
Communications	- high-bandwidth twisted copper and fiber optic cables  - multi-conductor and multi-pair fiber and copper networking cables  - outside plant telecommunications exchange cables  - coaxial cables  - fiber-optic submarine cable systems  - low detection profile cables  - turn-key submarine networks  - offshore integration systems	- telecom local loop  - enterprise networking and multimedia applications  - industrial instrumentation control  - commercial  - residential  - building management  - entertainment  - renewable energy	- telecommunications system operators  - contractors  - telecommunications distributors  - system integrators  - OEM  - DIY
Construction	- construction cable  - flexible cords; halogen-free, low-smoke and flame retardant cables	- residential and non-residential construction	- retail home centers  - electricians  - distributors  - installation and engineering contractors  - DIY
Rod Mill	- copper rod  - aluminum rod	- wire and cable industry	- wire and cable manufacturers

Industry and Market Overview

The Company produces and sells to a variety of end markets including markets for electric utility, electrical infrastructure, communication, construction and rod mill products. The underlying growth drivers in each of these end markets are similar and dependent on healthy GDP rates and construction cycles. Additionally, the global electric utility industry is dependent on a variety of factors including electricity consumption and grid integration, housing and construction, including the urbanization of emerging economies, governmental energy and tax policy, the investment policies of electric utilities, as well as renewable energy initiatives primarily related to wind and solar power. The market for electrical infrastructure cable products has many sub-sectors and niches and is heavily influenced by the level of industrial construction spending, the level of capital equipment investment and transit, marine, and mining activity as well as renewable energy initiatives primarily related to terrestrial and offshore drilling. The market for communication products is primarily influenced by residential and non-residential construction and fiber-to-the-home initiatives as well as the level of broadband investments. The market demand for construction products is heavily influenced by the level of residential and non-residential construction spending. Rod mill product demand is principally driven by fundamental demand stemming from economic growth and development.

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Customers

The Company has a regionally coordinated global direct sales force and in certain of its businesses operates under supply agreements of varying lengths. These agreements generally do not require a minimum level of sales and customers are not contractually obligated to buy the Company's products exclusively; however these agreements generally provide adjustments to selling prices to reflect fluctuations in the cost of raw materials and typically have one to four year terms. The primary agreements are strategic alliances with a number of major utility customers around the world. The Company sells direct to utilities, independent distributors, retailers, contractors, and OEMs. The Company believes that its relationships with distributors and retailers are strong.

Raw Materials

The principal raw materials used by the Company in the manufacturing of its wire and cable products are copper and aluminum. The Company's products are material intensive with copper and aluminum comprising the major cost components for cable products. At current metal prices material costs are approximately 85% of total product costs with copper and aluminum metal costs comprising approximately 50% of total product cost for the year ended December 31, 2014. The average selling price per quarter for the last three years is:

Average daily selling price: ($ per pound)	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Full Year
Copper Cathode
2014	$3.24	$3.10	$3.16	$2.98	$3.12
2013	3.60	3.25	3.23	3.28	3.34
2012	3.78	3.55	3.53	3.60	3.62
Aluminum
2014	0.97	1.00	1.11	1.12	1.05
2013	1.02	0.95	0.92	0.91	0.95
2012	1.07	0.99	0.98	1.02	1.02

Volatility in the price of copper and aluminum and other raw materials, as well as fuel and energy, may in turn lead to significant fluctuations in our cost of sales or revenues. A significant portion of the Company's electric utility and telecommunications business and, to a lesser extent, the Company's electrical infrastructure business has metal escalators and de-escalators included in customer contracts under a variety of price setting and recovery formulas. The remainder of the Company's business requires that volatility in the cost of metals be recovered through negotiated price changes with customers. In these instances, the ability to change the Company's selling prices may lag the movement in metal prices by a period of time as the customer price changes are implemented.

Therefore, in the short-term, during periods of escalating raw material cost inputs, to the extent the Company is able to increase prices in the market to recover the higher raw material costs, the Company will generally experience an increase in gross profit from the sale of its relatively lower value inventory as computed under the weighted average inventory costing method. If the Company is unable to increase prices with the rise in the raw material market prices due to low levels of demand or market dynamics, the Company will experience lower gross profit. Conversely, during periods of declining raw material cost inputs, to the extent the Company has to decrease prices in the market due to competitive pressure as the current cost of metals declines, the Company will generally experience downward pressure on its gross profit due to the sale of relatively higher value inventory as computed under the weighted average inventory costing method. If the Company is able to maintain price levels in an environment in which raw material prices are declining due to high levels of demand, the Company will experience higher gross profit. There is no exact future measure of the effect to the Company's profitability of the change of raw material cost inputs due to the unique set of selling variables and the high volume of transactions in any given period, each of which involves numerous individual pricing decisions. In 2014, if there were a 1% increase in copper and aluminum costs, then our cost of sales would have increased approximately $28 million. The impact of this would directly impact gross profit if the Company was unable to increase prices with the rise in the price of copper and aluminum. To help reduce this volatility, the Company has implemented various pricing mechanisms and hedges a portion of its metal purchases when there is a firm price commitment for a future delivery but does not engage in speculative metals trading.

The Company purchases copper and aluminum from various global sources, generally through annual supply agreements. These agreements do not contractually obligate the Company to purchase products exclusively, or to purchase minimum quantities, do not contain 'take or pay' provisions, or require the Company to purchase products for a significant period of time. Copper and aluminum raw material supply is available from many sources and supply is generally expected to remain adequate for the Company's requirements, however, unanticipated problems with the Company's copper or aluminum rod suppliers could negatively affect the Company's business. In North America, the Company has centralized the purchasing of its copper, aluminum and other significant raw materials to capitalize on economies of scale and to facilitate the negotiation of purchase terms from suppliers. In 2014, the Company's largest supplier of copper rod accounted for approximately 70% of its North American copper purchases

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while the largest supplier of aluminum rod accounted for approximately 50% of its North American aluminum purchases. The Company’s non-North America operations purchase copper and aluminum rod from many suppliers or brokers with each generally providing a small percentage of the total copper and aluminum rod purchased or internally produce copper and aluminum rod for production needs.

Other raw materials utilized by the Company include nylon, polyethylene resin and compounds and plasticizers, fluoropolymer compounds, optical fiber and a variety of filling, binding and sheathing materials. The Company believes that all of these materials are available in sufficient quantities through purchases in the open market.

Patents and Trademarks

The Company believes that the success of its business depends more on the technical competence, creativity and marketing abilities of its employees rather than on any individual patent, trademark or copyright. Nonetheless, the Company has a policy of seeking patents when appropriate on inventions concerning new products and product improvements. The Company owns numerous patents and trademarks globally, with pending applications for additional patents and trademarks, and maintains trade secret protection for certain confidential and proprietary information.

Although in the aggregate these patents are of considerable importance to the manufacturing and marketing of many of the Company's products, the Company does not consider any single patent to be material to its business as a whole. Trademarks and trade names, which are important to the Company, are Phelps Dodge International Corporation^®, PDIC global symbols, General Cable^®, Anaconda^®, BICC^®,Carol^®, GenSpeed^®,Helix/HiTemp^®, NextGen^®, Silec^®, Polyrad®, Prestolite Wire®, STABILOY®, NUAL®, and the Company's triad symbol. The Company believes that products bearing these trademarks have achieved significant brand recognition within the industry.

Seasonality

The Company generally has experienced and expects to continue to experience certain seasonal trends in many products in which demand is linked with construction spending. Demand for these products during winter months in certain geographies is usually lower than demand during spring and summer months. Therefore, larger amounts of working capital are generally required during winter months in order to build inventories in anticipation of higher demand during the spring and summer months, when construction activity increases. In turn, receivables related to higher sales activity during the spring and summer months are generally collected during the fourth quarter of the year. Additionally, the Company has historically experienced changes in demand resulting from poor or unusual weather.

Competition

The markets for all of the Company's products are highly competitive and most markets include several competitors. The degree of competition varies by operating segment and product line. However, in general, the industry is mature and cost driven. Although the primary competitive factors for the Company's products vary somewhat across the different product categories, the principal factors influencing competition include, but are not limited to, price, quality, breadth of product line, inventory, delivery time, customer service, the environmental impact of the products, and the ability to meet customer's needs.

Many of the Company's products are made to industry specifications, and are therefore functionally interchangeable with those of competitors. However, the Company believes that significant opportunities exist to differentiate all of its products on the basis of quality, consistent availability, conformance to manufacturer's specifications and customer service. The Company believes its competitive strengths include breadth of product line, brand recognition, distribution and logistics, strong customer relations, operating efficiency and commitment to quality control and continuous improvement.

Advertising Expense

Advertising expense consists of expenses relating to promoting the Company’s products, including trade shows, catalogs, and e-commerce promotions, and is charged to expense when incurred. Advertising expense was $14.2 million, $13.3 million and $10.7 million in 2014, 2013 and 2012, respectively.

Environmental Matters

The Company is subject to a variety of federal, state, local and foreign laws and regulations covering the storage, handling, emission and discharge of materials into the environment, including the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”), the Clean Water Act, the Clean Air Act (including the 1990 amendments) and the Resource Conservation and Recovery Act. While it is difficult to estimate future environmental liabilities accurately, the Company does not currently anticipate any material adverse effect on its consolidated results of operations, financial position or cash flows as a result of compliance with federal, state, local or foreign environmental laws or regulations or remediation costs of the sites as discussed below in Item 3 - Legal Proceedings and Note 19 - Commitments and Contingencies.

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Employees

At December 31, 2014, General Cable employed approximately 13,000 employees worldwide. Approximately 30% of our employees were covered by collective bargaining agreements, of which 35% are subject to agreements that expire within one year from December 31, 2014. The Company believes it will successfully renegotiate these contracts as they come due. Generally, labor agreements are negotiated on an annual or bi-annual basis. The Company believes that its relations with its employees are generally good.

Disclosure Regarding Forward-Looking Statements

Certain statements in the 2014 Annual Report on Form 10-K for the fiscal year ended December 31, 2014 (the "2014 Annual Report on Form 10-K") including, without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures, understanding of competition, projected sources of cash flow, potential legal liability, proposed legislation and regulatory action, and our management's beliefs, expectations or opinions, are forward-looking statements, and as such, we desire to take advantage of the “safe harbor” which is afforded such statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. Forward-looking statements can generally be identified as statements containing the words “believe,” “expect,” “may,” “could,” “anticipate,” “intend,” “should,” “estimate,” “project,” “will,” “plan,” “assume,” “seek to” or other similar expressions, although not all forward-looking statements contain these identifying words. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those discussed in forward-looking statements as a result of factors, risks and uncertainties over many of which we have no control.

These factors, risks and uncertainties include, but are not limited to, the following: (1) general economic conditions, particularly those in the construction, energy and information technology sectors; (2) the volatility in the price of raw materials, particularly copper and aluminum; (3) impairment charges with respect to our long-lived assets; (4) our ability to execute our plan to exit all of our Asia Pacific and African operations; (5) our ability to achieve all of our anticipated cost savings associated with our previously announced global restructuring plan; (6) our ability to invest in product development, to improve the design and performance of our products; (7) economic, political and other risks of maintaining facilities and selling products in foreign countries; (8) domestic and local country price competition; (9) our ability to successfully integrate and identify acquisitions; (10) the impact of technology; (11) our ability to maintain relationships with our distributors and retailers; (12) the changes in tax rates and exposure to new tax laws; (13) our ability to adapt to current and changing industry standards; (14) our ability to execute large customer contracts; (15) our ability to maintain relationships with key suppliers; (16) the impact of fluctuations in foreign currency rates; (17) compliance with foreign and U.S. laws and regulations, including the Foreign Corrupt Practices Act; (18) our ability to negotiate extensions of labor agreements; (19) our ability to continue our uncommitted accounts payable confirming arrangements; (20) our exposure to counterparty risk in our hedging arrangements; (21) our ability to achieve target returns on investments in our defined benefit plans; (22) possible future environmental liabilities and asbestos litigation; (23) our ability to attract and retain key employees; (24) our ability to make payments on our indebtedness; (25) our ability to comply with covenants in our existing or future financing agreements; (26) lowering of one or more of our debt ratings; (27) our ability to maintain adequate liquidity; (28) our ability to maintain effective disclosure controls and procedures and internal control over financial reporting; (29) the trading price of our common stock; and (30) and other material factors described in Item 1A - Risk Factors and elsewhere in this 2014 Annual Report on Form 10-K and those described from time to time in our future reports filed with the Securities and Exchange Commission (the "SEC").

Forward-looking statements reflect the views and assumptions of management as of the date of this report with respect to future events. The Company does not undertake, and hereby disclaims, any obligation, unless required to do so by applicable securities laws, to update any forward-looking statements as a result of new information, future events or other factors. The inclusion of any statement in this report does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

Available Information

The Company’s principal executive offices are located at 4 Tesseneer Drive, Highland Heights, Kentucky 41076-9753 and its telephone number is (859) 572-8000. The Company’s internet address is www.generalcable.com. General Cable’s annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, are made available free of charge at www.generalcable.com as soon as reasonably practicable after we electronically file such material with, or furnish it to, the SEC. In addition, the Company will provide, at no cost, paper or electronic copies of our reports and other filings made with the SEC. Requests should be directed to: Investor Relations, General Cable Corporation, 4 Tesseneer Drive, Highland Heights, KY 41076-9753.

The information on the website listed above is not and should not be considered part of this 2014 Annual Report on Form 10-K and is not incorporated by reference in this document. This website address is only intended to be an inactive textual reference.

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Executive Officers of the Registrant

The following table sets forth certain information concerning the executive officers of General Cable as of February 17, 2015.

Name	Age	Position
Gregory B. Kenny	62	President and Chief Executive Officer
Brian J. Robinson	46	Executive Vice President and Chief Financial Officer
Sonya Reed	41	Executive Vice President and Chief Human Resources Officer
Peter A. Campbell	54	Executive Vice President, President and Chief Executive Officer, General Cable Asia Pacific
Gregory J. Lampert	47	Executive Vice President, President and Chief Executive Officer, General Cable Americas
Robert D. Kenny	49	Executive Vice President, President and Chief Executive Officer, General Cable Europe
Kurt L. Drake	41	Senior Vice President and Chief Compliance Officer
Emerson C. Moser	38	Senior Vice President, General Counsel and Corporate Secretary

Mr. G. Kenny has served as a member of General Cable's Board of Directors since 1997 and as President and Chief Executive Officer since August 2001. He was President and Chief Operating Officer of General Cable from May 1999 to August 2001. From March 1997 to May 1999, he was Executive Vice President and Chief Operating Officer of General Cable. From June 1994 to March 1997, he was Executive Vice President of the subsidiary of General Cable which was General Cable's immediate predecessor. He is also a director of Cardinal Health Incorporated (NYSE: CAH) and Ingredion Incorporated (NYSE: INGR) and a board member of the Cincinnati Branch of the Federal Reserve Bank of Cleveland. On October 29, 2014, we announced that Mr. Kenny will transition out of his role as President and Chief Executive Officer of the Company.  Our Board has formed a search committee to identify the Company’s next Chief Executive Officer and has retained an executive search firm to assist in the process. Mr. Kenny will remain in his current position during the search.

Mr. Robinson has served as Executive Vice President and Chief Financial Officer since January 1, 2008 and also served as Treasurer until May 2013. Prior to his current position, he served as Senior Vice President, Chief Financial Officer and Treasurer from January 2007 to December 2007, Senior Vice President, Controller and Treasurer from March 2006 to December 2006, Controller from 2000 to February 2006 and Assistant Controller from 1999 to 2000. From 1997 until 1999, Mr. Robinson served as an Audit Manager focused on accounting services for global companies for Deloitte & Touche LLP, and from 1991 to 1997, he served in roles of increasing responsibility with the Deloitte & Touche LLP office in Cincinnati, Ohio.

Ms. Reed has been Executive Vice President and Chief Human Resources Officer since January 2015. Prior to that, Ms. Reed served as the Senior Vice President and CHRO for General Cable Corporation from January 2013 to December 2014, and the SVP of HR for the former Rest of World division from October 2011 to December 2012. Prior to joining General Cable, she held human resource management positions for Zurich Financial Services.

Mr. Campbell has served as Executive Vice President, President and Chief Executive Officer for General Cable Asia Pacific since December 2012. In October 2014, the Company announced the intent to divest all of the operations in Asia Pacific and Africa in order to simplify the geographic portfolio and reduce operational complexity. Given the progress made in this divestiture process, in January 2015, Mr. Campbell communicated his intent to leave the organization effective April 1, 2015. Upon joining General Cable in 2010 until his promotion, Mr. Campbell was Senior Vice President Asia, which included direct leadership of Thailand and India and interfacing with our partners in the Philippines and China. Prior to joining General Cable, he held global business management, manufacturing and engineering positions of increasing responsibility with Fosroc International Limited from 2005 until 2010 and BP Chemicals Limited from 1983 until 2005.

Mr. Lampert has served as Executive Vice President, President and Chief Executive Officer for General Cable Americas since January 2013. Prior to his current position, Mr. Lampert served as Executive Vice President, President and Chief Executive Officer for General Cable North America from August 2008 until January 2013, Executive Vice President and Group President, North America Electrical and Communications Infrastructure from October 2007 to August 2008, Senior Vice President and General Manager - Data Communications and Carol Brand Products from August 2005 until September 2007, Vice President and General Manager - Carol Brand Products from January 2004 until July 2005. He joined General Cable in 1998 and served in a number of capacities during his tenure including product management, sales and business team leadership. Prior to joining General Cable, he held engineering and management positions with Dow Chemical Company and Cintas Corporation. He is a member of the Board of Directors of Xtek, Inc, a manufacturer of specialty goods for the steel and aluminum industries.

Mr. R. Kenny has served as Executive Vice President, President and Chief Executive Officer, Europe since August 2014. Prior to his current position, Mr. R. Kenny served as Senior Vice President, Global Communications, and General Manager of North American Communications from August 2013 to August 2014, Vice President and General Manager of Communications and

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Electronics Products from May 2011 to August 2013, and Vice President and General Manager of Data Communications Cables from June 2007 to May 2011. In addition, Mr. R. Kenny also assumed additional responsibility for leadership of our Telecommunications Team in October 2009. He joined General Cable in 2007 and served in a number of capacities during his tenure including project management and business team leadership. Prior to joining General Cable, he held several senior level management positions in technology, marketing and general management with Belden, ADC/Krone, and DuPont’s Cabling Solutions Division.

Mr. Drake has been Senior Vice President and Chief Compliance Officer since January 2015. Prior to joining General Cable he was Chief Compliance Officer with PPG Industries and Mubadala, a United Arab Emirates based global infrastructure company. Previously, Mr. Drake held various roles of increasing responsibility in finance and operations at General Electric (GE), finally serving as Chief Compliance Officer for GE Aviation in Cincinnati, Ohio.

Mr. Moser has been Senior Vice President, General Counsel and Corporate Secretary since January 2015. Mr. Moser joined General Cable in September 2008 as Assistant General Counsel and Assistant Corporate Secretary. He subsequently was promoted to Vice President in March 2013 and served as the interim General Counsel from July 2014 through his current appointment. Before joining General Cable, Mr. Moser practiced labor and employment law and litigation with the law firm, Dinsmore & Shohl LLP, and was the Assistant General Counsel of NIBCO, INC.

Messrs. Greg Kenny and Robert Kenny are not related.

ITEM 1A. RISK FACTORS

We are subject to a number of risks listed below, which could have a material adverse effect on our financial condition, results of operations and the value of our securities.

Certain statements in the 2014 Annual Report on Form 10-K including, without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures, understanding of competition, projected sources of cash flow, potential legal liability, proposed legislation and regulatory action, and our management's beliefs, expectations or opinions, are forward-looking statements, and as such, we desire to take advantage of the “safe harbor” which is afforded such statements under the Private Securities Litigation Reform Act of 1995. Our forward-looking statements should be read in conjunction with our comments in this report under the heading, “Disclosure Regarding Forward-Looking Statements.” Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which we have no control. These risks and uncertainties are not the only ones we face. Additional risks and uncertainties not presently known to us or that we currently believe to be immaterial may also impair our business or adversely affect our financial condition or results of operations.

• Our net sales, net income and growth depend largely on the economic strength of the geographic markets that we serve, and if these markets become weaker, we could experience decreased sales and net income.

Many of our customers use our products as components in their own products or in projects undertaken for their customers. Our ability to sell our products is largely dependent on general economic conditions, including end user spending on power transmission and distribution infrastructures, industrial manufacturing assets, new construction and building, information technology and maintaining or reconfiguring their communications networks. In periods of negative or no economic growth, we would likely experience a decrease in sales and net income.

• Volatility in the price of copper and aluminum and other raw materials, as well as fuel and energy, could adversely affect our businesses.

The costs of copper and aluminum, the most significant raw materials we use, have been subject to considerable volatility caused by supply conditions, weather, political and economic variables as well as other unknown and unpredictable variables. Other raw materials such as fuel and energy have additionally been subject to considerable volatility.

We typically pass these changes in copper and aluminum prices along to our customers, although there are timing delays of varying lengths depending upon the volatility of metals prices, the type of product, competitive conditions, pricing mechanisms and particular customer arrangements. Although the general trends are detailed in Item 1 - Business – Raw Materials, there is no exact future measure of the effect of the change of raw material cost inputs due to the unique set of selling variables and the high volume of transactions in any given period, each of which involves numerous individual pricing decisions. To help reduce this volatility, we have implemented pricing mechanisms and hedged a portion of our metal purchases when there is a firm price commitment for a future delivery.

In addition, we may be required to recognize an expense to record our inventory at market value, which would negatively impact our financial results. Although we attempt to recover copper and aluminum and other raw material price changes either in the selling price of our products or through commodity hedging programs, there is no assurance that we can do so successfully or at all in the future.

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• We have recently recorded impairment charges with respect to certain of our long-lived assets as a result of our restructuring program and market and industry conditions, we could recognize additional impairment charges for our long-lived assets in the future.

As of December 31, 2014, property, plant and equipment, goodwill and other intangible assets account for approximately $849.6 million, or 25% of our total assets. In accordance with generally accepted accounting principles, we periodically assess our long-lived assets to determine if they are impaired. The testing for impairment is based on assumptions regarding our future business outlook as well as other factors. While we continue to review and analyze many factors that can impact our business, such as industry and economic trends, our analyses are subjective and are based on conditions existing at and trends leading up to the time the assumptions are made. Actual results could differ materially from these assumptions particularly in the event of disruptions to our business, unexpected significant changes or planned changes in the use of assets or divestitures or expropriations of assets.

Due to events in Venezuela, including recent changes to the currency exchange systems, restrictive pricing controls, ongoing labor negotiations and lingering social unrest as well as the significant decline in our stock price during the first quarter of 2014, we recognized a goodwill impairment charge of $155.1 million, an impairment charge of $93.4 million for the indefinite-lived trade name associated with the PDIC reporting unit and an impairment charge of $29.3 million related to the Company's Venezuelan long-lived assets in the year ended December 31, 2014.

Due to the July 2014 restructuring plan we recorded asset-related charges of $117.5 million in the year ended December 31, 2014.

Due to the closure of the Brazil aluminum rod mill manufacturing plant in 2014, we recorded a long-lived asset impairment charge of $13.1 million in the year ended December 31, 2014.

Future impairment charges as a result of our restructuring program and/or divestiture plan or otherwise could significantly affect our results of operations in the period recognized.

• We may not be able to execute our plan to exit all of our Asia Pacific and African operations.

In October 2014, we announced our plan to exit all of our Asia Pacific and African operations as described in Item 7. Management's Discussion and Analysis. Our goal is to simplify our global portfolio and reduce operational complexity by focusing on core strategic operations in North America, Latin America and Europe. We may not be able to offset the dilutive impacts from the loss of revenue or operating profit associated with divested manufacturing units. Our senior credit facility and the indentures governing our Senior Floating Rate Notes due 2015 and our 5.75% Senior Notes due 2022 contain covenants that may limit our ability to divest our Asia Pacific and Africa operations. In addition, we may not be able to obtain favorable selling prices of the Asia Pacific and African manufacturing units. Our plan to exit all of the Asia Pacific and African manufacturing units will take time and will involve costs and management effort to market and negotiate the sale of each of the manufacturing units as well as negotiate employee separation packages, consolidate operations of certain of our facilities and make investments necessary to operate our business with a smaller number of facilities. We may not be successful in these efforts. Our failure to achieve favorable selling prices could have a material adverse effect on our results of operations and liquidity in future periods.

• We may not be able to achieve all of our anticipated cost savings associated with the July 2014 global restructuring plan.

In July 2014, we announced a comprehensive restructuring program, as described in Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. The restructuring program, which builds on our previously launched productivity and asset optimization plans, generated approximately $10 million of savings in 2014, increasing to ongoing annual savings of approximately $75 million beginning in 2016. The restructuring program is expected to result in pre-tax charges of approximately $190 million, which includes approximately $60 million of cash costs. We may not achieve the full amount of these cost savings, or it may take us longer to achieve them than we currently anticipate. Although we have identified some of the facilities that we expect to close, consolidate or realign as part of our restructuring program, we have not identified all those facilities. Our restructuring program will take time and will involve significant costs and management effort to negotiate and implement employee separation packages, consolidate operations of certain of our facilities and make investments necessary to operate our business with a smaller number of facilities. We may not be successful in these efforts. In addition, our estimates are based on a number of other assumptions that may not prove accurate. We may not achieve the cost savings we anticipate, or other unexpected costs could offset any savings we achieve. Our failure to achieve our anticipated annual cost savings could have a material adverse effect on our results of operations in future periods.

• The markets for our products are highly competitive, and if we fail to successfully invest in product development, productivity improvements and customer service and support, sales of our products could be adversely affected.

The markets for copper, aluminum and fiber optic wire and cable products are highly competitive and some of our competitors may have greater financial resources than we have. We compete with at least one major competitor with respect to each of our business segments. Many of our products are made to common specifications and, therefore, may be interchangeable with

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competitors' products. Accordingly, we are subject to competition in many markets on the basis of price, quality, breadth of product line, inventory, delivery time, customer service, the environmental impact of our products, and the ability to meet customers' needs.

We believe that competitors will continue to improve the design and performance of their products and to introduce new products with competitive price and performance characteristics. We expect that we will be required to continue to invest in product development, productivity improvements and customer service and support in order to compete in our markets. Furthermore, an increase in imports of competing products could adversely affect our sales on a region by region basis.

• Our business is subject to the economic, political and other risks of maintaining facilities and selling products in foreign countries.

During the year ended December 31, 2014, approximately 57% of our sales and approximately 64% of our assets were in markets outside of North America. Our operations outside of North America reported operating cash inflows of approximately $40.2 million during this period. Some of our facilities, in particular, certain locations such as Algeria, Angola, Egypt, India, Pakistan, Thailand, and Venezuela, among others, are at higher risk of being targets of economic and political destabilization, international conflicts, restrictive actions by foreign governments, nationalizations or expropriations, changes in regulatory requirements, the difficulty of effectively managing diverse global operations, terrorist activities, natural disasters, adverse foreign tax laws and the threat posed by potential pandemics in countries that do not have the resources necessary to deal with such outbreaks. Our financial results may be adversely affected by the enactment of exchange controls or foreign governmental or regulatory restrictions on the transfer of funds. In addition, negative tax consequences relating to the repatriation of certain foreign income may adversely affect our cash flows. Over time, we may continue to expand our foreign operations, which would serve to exacerbate these risks and their potential effect on our business, financial position and results of operations. Economic and political developments in the countries in which we have operations, including future economic changes or crises (such as inflation, currency devaluation or recession), government deadlock, political instability, political activism, terrorist activities, civil strife, international conflicts, changes in laws and regulations and expropriation or nationalization of property or other resources, could impact our operations or the market value of our common stock and have an adverse effect on our business, financial condition and results of operations.

We believe there are risks associated with our operations in Venezuela, in particular, including the possibility that the Venezuelan government could assume control over our operations and assets. In addition, we might lose our ability to control Venezuelan operations, including the ability to manage labor force reductions, decisions about product mix or pricing, and sourcing of raw materials or other inputs into the production process. If we are not able to purchase an adequate amount of U.S. dollars through the foreign currency exchange regime, then the Venezuelan entity would not have the ability to pay for copper imports and may be forced to cease manufacturing operations until copper becomes available.

• In each of our markets, we face pricing pressures. Such pricing pressures could adversely affect our results of operations and financial performance.

We face pricing pressures in each of our markets as a result of significant competition or over-capacity. In order to respond to these pricing pressures, we continually work toward reducing our costs through improving our processes and productivity. In the event we are unable to implement cost reduction measures that are designed to improve our manufacturing techniques and processes, we may not achieve desired efficiency or productivity levels or reduce our manufacturing costs. In addition, productivity increases are related in part to factory utilization rates. Decreases in utilization rates may adversely impact productivity. Further pricing pressures, without offsetting cost reductions, could adversely affect our results of operations and financial performance.

• Growth through acquisition has been a significant part of our strategy and we may not be able to successfully identify, obtain or integrate acquisitions.

Growth through acquisition has been a significant part of our strategy. We regularly evaluate possible acquisition candidates. There can be no assurance that we will be successful in identifying, financing and closing acquisitions at favorable prices and terms. Potential acquisitions may require us to issue additional shares of stock or obtain additional or new financing. Further, there can be no assurance that we will be successful in integrating any such acquisitions that are completed. Integration of any such acquisitions may require substantial management, financial and other resources and may pose risks with respect to production, customer service and market share of our existing operations. In addition, we may acquire businesses that are subject to technological or competitive risks, and we may not be able to realize the benefits originally expected from such acquisitions.

• Alternative technologies, such as fiber optic and wireless technologies, may make some of our products less competitive.

Alternative technologies continue to have an adverse effect on elements of our business. For example, a continued increase in the rate of installations using fiber optic systems, an increase in the cost of copper-based systems, or advancing wireless technologies, as they relate to network and communications systems, may have an adverse effect on our business. While we do manufacture and sell fiber optic cables, any further acceleration in the erosion of our sales of copper cables due to increased market demand for fiber optic cables would most likely not be offset by an increase in sales of our fiber optic cables. In addition, our sales of copper premise cables currently face downward pressure from wireless and other similar technology and the increased acceptance

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and use of these technologies has increased this pressure and the potential negative impact on our future financial results, cash flows or financial position.

• We are substantially dependent upon distributors and retailers for non-exclusive sales of our products and they could cease purchasing our products at any time.

Distributors and retailers account for a material portion of our sales. These distributors and retailers are not contractually obligated to carry our product lines exclusively or for any period of time. Therefore, these distributors and retailers may purchase products that compete with our products or cease purchasing our products at any time. The loss of one or more large distributors or retailers could have a material adverse effect on our ability to bring our products to end users and on our results of operations. Moreover, a downturn in the business of one or more large distributors or retailers could adversely affect our sales and could create significant credit exposure.

• Changes in our tax rates or exposure to new tax laws could impact our profitability.

We are subject to income tax in the United States and in various other global jurisdictions. Our effective tax rates could be adversely affected by changes in the mix of earnings by jurisdiction and the valuation of deferred tax assets and liabilities. Our effective tax rate could also be adversely affected by changes in tax laws. For example, certain versions of recent U.S. tax reform proposals could, if enacted, significantly impact the taxation of U.S. based multinationals and could have a material impact on our tax expense and cash flows. In addition, we are subject to audits in various jurisdictions. Although we believe that our tax estimates are reasonable and appropriate, there are significant uncertainties in these estimates and as a result of these estimates there could be material adjustments. As a result of ongoing or possible future tax audits, we may be required to pay additional taxes and/or penalties as a result of such tax audits, which could have a potential negative impacton our future financial results, cash flows and financial position.

• Changes in industry standards and regulatory requirements may adversely affect our business.

Our global business is subject to the requirements of federal, state, local and foreign regulatory authorities as well as industry standard-setting authorities. Changes in the standards and requirements imposed by such authorities could have an adverse effect on us. In the event that we are unable to meet any such new or modified standards when adopted, our business could be adversely affected.

In addition, changes in the legislative environment could affect the growth and other aspects of important markets served by us. The wire and cable industry growth has been partially driven by energy related legislation, including alternative and renewable energy sources, investment incentives for utilities and government infrastructure spending. Although we believe legislative efforts overall had a positive impact on our business and financial results, we cannot be certain that this impact will continue. Further, we cannot predict the impact, either positive or negative, that changes in laws or industry standards may have on our future financial results, cash flows or financial position.

• Failure to properly execute large customer projects may negatively impact our ability to obtain similar contracts in the future and may result in material financial penalties.

In recent years, primarily in Europe, we have been awarded several large turn-key projects for specific customers. These projects involve numerous challenges associated with large long-term contracts and the contracts related to these projects generally include material financial penalties for non-performance on our part. We actively seek to increase our market share through successful execution of contracts for medium-voltage infield array projects and high-voltage export projects as well as underground terrestrial and submarine high-voltage projects. In addition, the terrestrial and submarine transmission cable markets in Europe, which are being driven by large investments in grid interconnections and alternative energy such as offshore wind power, represent an attractive long-term opportunity for us. The successful execution of large turn-key projectsis important to our long-term success in this market.

• Interruptions of supplies from key suppliers may affect our results of operations and financial performance.

Interruptions of supplies from our key suppliers, including those from catastrophes such as hurricanes, earthquakes, floods or terrorist activities, could disrupt production or impact our ability to increase or maintain production and sales. Most copper and aluminum rod used in our North American operations is externally sourced, and our largest supplier of copper rod accounted for approximately 70% of our North American purchases in 2014 while our largest supplier of aluminum rod accounted for approximately 50% of our North American purchases in 2014. Our European and Africa and Asia Pacific operations purchase copper and aluminum rod from many suppliers with each supplier generally providing a small percentage of the total copper and aluminum rod purchased, while operations in Latin America internally produce the majority of copper and aluminum rod for production needs and obtain cathode and ingots from various sources with each supplier generally providing a small percentage of the total amount of raw materials purchased. Any unanticipated problems with our copper or aluminum rod suppliers could have a material adverse effect on our business. Additionally, we use a limited number of sources for most of the other raw materials that we do not produce. We do not have long-term or volume purchase agreements with most of our suppliers, and may have

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limited options in the short-term for alternative supply if these suppliers fail to continue the supply of materials or components for any reason, including their business failure, inability to obtain raw materials or financial difficulties. Moreover, identifying and accessing alternative sources may increase our costs.

• We source and sell products globally and are exposed to fluctuations in foreign currency exchange rates.

We manufacture and sell products and finance operations throughout the world and are exposed to the impact of foreign currency fluctuations on our results of operations. Also, our consolidated financial results are presented in U.S. dollars; therefore, a change in the value of currencies may adversely impact our financial statements after currency remeasurements and translation to U.S. dollars. In addition, devaluations of currencies, such as the devaluation of the Venezuelan Bolivar, could negatively affect the value of our earnings from, and the assets located in those markets.

• If we fail to comply with the reporting obligations of the Exchange Act or if we fail to maintain adequate internal control over financial reporting, our business, the market value of our securities and our access to capital markets could be materially adversely affected.

As a public company, we are required to comply with the periodic reporting obligations of the Securities Exchange Act of 1934, as amended, referred to as the “Exchange Act,” including the requirement that we file annual reports and quarterly reports with the SEC. Our failure to file required information in a timely manner could subject us to penalties under federal securities laws, expose us to additional lawsuits, create a default under our existing debt instruments and facilities, and restrict our ability to access financing. In addition, our management is responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with GAAP. However, our management within the past two years has identified control deficiencies that constituted material weaknesses. These material weaknesses resulted in accounting errors that caused us to issue, in March 2013, restated consolidated financial statements as of December 31, 2011 and 2010 and for the years ended December 31, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and interim periods ended on March 30, 2012 and June 29, 2012, and, to issue, in January 2014, restated consolidated financial statements as of December 31, 2012, 2011 and 2010 and for the years ended December 31, 2012, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and 2012 and the interim period ended on March 29, 2013.

As described below in Item 3. Legal Proceedings we conducted internal investigations principally relating to the matters resulting in the restatements described above. We voluntarily contacted the SEC to advise it of our initial internal investigation, and we have continued to provide information to the SEC on an ongoing basis, including, among other things, information regarding the matters described below in Item 3. Legal Proceedings. The SEC has issued a formal order of investigation. Pursuant to the formal order, the SEC issued subpoenas to us seeking relevant documents and to certain of our current and former employees seeking their testimony. We continue to cooperate with the SEC in connection with its investigation.

Two civil complaints were filed in the United States District Court for the Southern District of New York on October 21, 2013 and December 4, 2013 by named plaintiffs, on behalf of purported classes of persons who purchased or otherwise acquired our publicly traded securities, against us, Gregory Kenny, our President and Chief Executive Officer, and Brian Robinson, our Executive Vice President and Chief Financial Officer. On our motion, the complaints were transferred to the United States District Court for the Eastern District of Kentucky, the actions were consolidated, and a consolidated complaint was filed in that Court on May 20, 2014 by City of Livonia Employees Retirement System, as lead plaintiff on behalf of a purported class of all persons or entities who purchased our securities between November 3, 2010 and October 14, 2013 (the “City of Livonia Complaint”). The City of Livonia Complaint alleged claims under the antifraud and controlling person liability provisions of the Exchange Act, alleging generally, among other assertions, that we employed inadequate internal financial reporting controls that resulted in, among other things, improper revenue recognition, understated cost of sales, overstated operating income, net income and earnings per share, and the failure to detect inventory lost through theft; that we issued materially false financial results that had to be restated on two occasions; and that statements of Messrs. Kenny and Robinson that they had tested and found effective our internal controls over financial reporting and disclosure were false. The City of Livonia Complaint alleged that as a result of the foregoing, our stock price was artificially inflated and the plaintiffs suffered damages in connection with their purchase of our stock. The City of Livonia Complaint seeked damages in an unspecified amount; reasonable costs and expenses, including counsel and experts fees; and such equitable injunctive or other relief as the Court deems just and proper. On July 18, 2014, defendants filed a motion to dismiss the City of Livonia Complaint based on plaintiff’s failure to state a claim upon which relief could be granted. On October 20, 2014, defendants filed a response to the notice of recent authority, in which they asserted that, contrary to plaintiff’s argument that the decision supports its position, the decision provides further grounds to grant defendants’ motion. After oral argument on January 7, 2015, the Court granted the motion to dismiss with prejudice on January 27, 2015. On February 24, 2015, plaintiff filed a motion to alter or amend the January 27, 2015 judgment and for leave to file the proposed amended complaint. Under the Local Rules, defendants’ opposition to the motion is due on March 17, 2015.

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In addition, a derivative complaint was filed on January 7, 2014 in the Campbell County, Kentucky Circuit Court against all but one member of our Board of Directors, including Mr. Kenny, two former directors, Mr. Robinson and two former officials, one of whom is our former executive officer. The derivative complaint alleges that the defendants breached their fiduciary duties by knowingly failing to ensure that we implemented and maintained adequate internal controls over our accounting and financial reporting functions and by knowingly disseminating to stockholders materially false and misleading statements concerning our financial results and internal controls. The derivative complaint seeks damages in an unspecified amount, appropriate equitable relief to remedy the alleged breaches of fiduciary duty, attorneys’ fees, experts’ fees and other costs. On March 5, 2014, the derivative case was placed on inactive status until a motion is filed by a party to reinstate the action to the Court’s active docket.

We believe the derivative complaint, insofar as it relates to our current and former directors, including Mr. Kenny, and to Mr. Robinson, and the City of Livonia Complaint are without merit and intend to vigorously contest the actions.

In response to the material weaknesses identified by us, we instituted a number of actions and designed and commenced implementation of changes in our internal control over financial reporting. Based on the actions, our management concluded that the material weakness related to inventory control deficiencies in Brazil and control deficiencies related to the prior executive management team in place have been remediated as of December 31, 2013. We cannot provide assurance that we have identified all, or that we will not in the future have additional, material weaknesses in our internal control over financial reporting. As a result, we may be required to implement further remedial measures and to design enhanced processes and controls to address deficiencies, which could result in significant costs to us and require us to divert substantial resources, including management time, from other activities. If we identify material weaknesses or fail to maintain adequate internal controls over financial reporting in the future, we may not be able to prepare reliable financial reports and comply with our reporting obligations under the Exchange Act on a timely basis. Any such delays in the preparation of financial reports and the filing of our periodic reports may result in a loss of public confidence in the reliability of our financial statements, the commencement of additional litigation, or the commencement of regulatory action against us, which may include court actions or administrative proceedings, any of which could materially adversely affect our business, the market value of our securities and our access to the capital markets.

• Compliance with foreign and U.S. laws and regulations applicable to our international operations, including the Foreign Corrupt Practices Act (“FCPA”), other applicable anti-corruption laws and anti-competition regulations, may increase the cost of doing business in international jurisdictions.

Various laws and regulations associated with our current international operations are complex and increase our cost of doing business. Furthermore, these laws and regulations expose us to fines and penalties if we fail to comply with them. These laws and regulations include import and export requirements, anti-competition regulations, U.S. laws such as the FCPA, and local laws prohibiting payments to governmental officials and other corrupt practices. Although we have implemented policies and procedures designed to ensure compliance with these laws, there can be no assurance that our employees, contractors and agents will not take actions in violation of our policies, particularly as we expand our operations through organic growth and acquisitions. Any such violations could subject us to civil or criminal penalties, including material fines or prohibitions on our ability to offer our wire and cable products in one or more countries, and could also materially damage our reputation, brand, international expansion efforts, business and operating results. In addition, if we fail to address the challenges and risks associated with our international expansion and acquisition strategy, we may encounter difficulties implementing this strategy, which could impede our growth or harm our operating results.

We have been reviewing, with the assistance of external counsel, certain commission payments involving sales to customers of our subsidiary in Angola. The review has focused upon payment practices with respect to employees of public utility companies, use of agents in connection with such payment practices, and the manner in which the payments were reflected in our books and records. We have determined at this time that certain employees in our Portugal and Angola subsidiaries directly and indirectly made or directed payments at various times from 2002 through 2013 to officials of Angola government-owned public utilities that raise concerns under the FCPA and possibly under the laws of other jurisdictions. Based on an analysis completed with the assistance of our external counsel and forensic accountants, we have concluded at this time,that we are able to reasonably estimate the profit derived from sales made to the Angolan government-owned public utilities in connection with the payments described above which we believe is likely to ultimately be disgorged. As a result, we have recorded an estimated charge in the amount of $24 million as an accrual as of December 31, 2014. The accrued amount reflects the probable and estimable amount of the Angola-related profits that the Company believes is subject to being disgorged, and does not include any provision for any fines, civil or criminal penalties, or other relief, any or all of which could be substantial. We also have been reviewing, with the assistance of external counsel, our use and payment of agents in connection with our Thailand and India operations, which may have implications under the FCPA. We have voluntarily disclosed these matters to the SEC and the United States Department of Justice (“DOJ”) and have provided them with additional information at their request, including information in response to an SEC subpoena. The SEC and DOJ inquiries into these matters are ongoing. We continue to cooperate with the DOJ and the SEC with respect to these matters. We are implementing a screening process relating to sales agents that we use outside of the United States, including, among other things, a review of the agreements under which they were retained and a risk-based assessment of such agents to determine the scope of due diligence measures to be performed by a third-party investigative firm. However, this screening process

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may not be effective in preventing future payments or other activities that may raise concerns under the FCPA or other laws. We also have provided anti-corruption training to our global sales force, and ultimately will provide such training to all salaried employees. In addition, we have hired a Chief Compliance Officer, who is responsible for the day-to-day management of our compliance function. The Chief Compliance Officer reports to our Chief Executive Officer, and also has a reporting relationship with the Audit Committee.

At this time, we are unable to predict the nature of any action that may be taken by the DOJ or SEC or any remedies these agencies may pursue as a result of such actions. Any determination that our operations or activities are not in compliance with existing laws or regulations could result in the imposition of substantial fines, civil and criminal penalties, and equitable remedies, including disgorgement and injunctive relief. Because our review regarding commission payment practices and our use and payment of agents described above is ongoing, we are unable to predict its duration, scope, results, or consequences. Dispositions of these types of matters can result in modifications to business practices and compliance programs, and in some cases the appointment of a monitor to review future business and practices with the objective of effecting compliance with the FCPA and other applicable laws.

• Failure to negotiate extensions of our labor agreements as they expire may result in a disruption of our operations.

As of December 31, 2014, approximately 30% of our employees were represented by various labor unions of which 35% expire within the next twelve months.

We are party to labor agreements with unions that represent employees at many of our manufacturing facilities. Labor agreements are generally negotiated on an annual or bi-annual basis and the risk exists that we may not be able to renew labor agreements on reasonably satisfactory terms or at all. We cannot predict what issues may be raised by the collective bargaining units representing our employees and, if raised, whether negotiations concerning such issues will be successfully concluded. A protracted work stoppage could result in a disruption of our operations which could, in turn, adversely affect our financial results, customer satisfaction, and our ability to deliver certain products.

• Failure or disruptions of our information systems could interfere with our business and operations.

We rely on our information systems and those of third parties for processing customer orders, shipment of products, billing our customers, tracking inventory, supporting accounting functions and financial statement preparation, paying our employees, and otherwise running our business. Any disruption, whether from hackers or other sources, in our information systems or those of the third parties upon whom we rely could have a significant impact on our business. In addition, we may need to enhance our information systems to provide additional capabilities and functionality. The implementation of new information systems and enhancements is frequently disruptive to the underlying business of an enterprise. Any disruptions affecting our ability to accurately report our financial performance on a timely basis could adversely affect our business in a number of respects. If we are unable to successfully implement potential future information systems enhancements, our financial position, results of operations, and cash flows could be negatively impacted.

Increased IT security threats and more sophisticated computer crime, including advanced persistent threats, pose a potential risk to the security of our IT systems, networks and services, as well as the confidentiality, availability and integrity of our data. If the IT systems, networks or service providers we rely upon fail to function properly, or if we suffer a loss or disclosure of business or financial information, due to any number of causes, including catastrophic events, power outages and security breaches, and our business continuity plans do not effectively address these failures on a timely basis, we may suffer interruptions in our ability to manage operations, reputational, competitive and/or business harm, which may adversely impact our results of operations and/or financial condition.

• The Company is exposed to counterparty risk in our hedging arrangements.

The Company is exposed to counterparty risk in our hedging arrangements. The failure of one or more counterparties to our hedging arrangements to fulfill or renew their obligations to us could adversely affect our results of operations. At times, depending on the extent of any unrealized loss position(s) on a derivative contract(s), certain counterparties may require us to post collateral to secure our derivative contract positions.

• Declining returns in the investment portfolio of our defined benefit pension plans and changes in actuarial assumptions could increase the volatility in our pension expense and require us to increase cash contributions to the plans.

We sponsor defined benefit pension plans around the world. Pension expense for the defined benefit pension plans sponsored by us is determined based upon a number of actuarial assumptions, including an expected long-term rate of return on assets and discount rate. The use of these assumptions makes our pension expense and our cash contributions subject to year-to-year volatility. As of December 31, 2014, 2013 and 2012, the defined benefit pension plans were underfunded by approximately $155.3 million, $118.3 million and $163.7 million, respectively, based on the actuarial methods and assumptions utilized for purposes of the applicable accounting rules and interpretations. We have experienced volatility in our pension expense and our cash contributions to our defined benefit pension plans. In 2014, pension expense was $15.4 million, a decrease of approximately $5.2 million from

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2013, and cash contributions were $8.6 million, a decrease of approximately $2.6 million from 2013. We estimate our 2015 pension expense for our defined benefit plans will increase to approximately $17.8 million. In the event that actual results differ from the actuarial assumptions or the actuarial assumptions are changed, the funded status of our defined benefit pension plans may change and any such deficiency could result in additional charges to equity and an increase in our future pension expense and cash contributions. Refer to Note 13 - Employee Benefit Plans of this document for details.

• Environmental liabilities could potentially adversely impact us and our affiliates.

We are subject to federal, state, local and foreign environmental protection laws and regulations governing our operations and the use, handling, disposal and remediation of hazardous substances currently or formerly used by us and our affiliates. A risk of environmental liability is inherent in our and our affiliates' current and former manufacturing activities in the event of a release or discharge of a hazardous substance generated by us or our affiliates. Under certain environmental laws, we could be held jointly and severally responsible for the remediation of any hazardous substance contamination at our current and former facilities and at third party waste disposal sites. We could also be held liable for any consequences arising out of human exposure to such substances or other environmental damage. We and our affiliates have been named as potentially responsible parties in proceedings that involve environmental remediation. There can be no assurance that the costs of complying with environmental, health and safety laws and requirements in our current operations or the liabilities arising from past releases of, or exposure to, hazardous substances, will not result in future expenditures by us that could materially and adversely affect our financial results, cash flows or financial condition.

• We are subject to certain asbestos litigation and unexpected judgments or settlements that could have a material adverse effect on our financial results.

Our subsidiaries have been named as defendants in non-maritime asbestos cases which involve plaintiffs alleging exposure to asbestos-containing cable manufactured by our predecessors. Our subsidiaries have also been named, along with numerous other product manufacturers, as defendants in cases in which plaintiffs alleged that they suffered an asbestos related injury while working in the maritime industry. Refer to Item 3 - Legal Proceedings of this document for a summary of our outstanding asbestos related litigation. There can be no assurance that any judgments or settlements of the pending asbestos cases or any cases which may be filed in the future will not have a material adverse effect on our financial results, cash flows or financial position.

• If we fail to retain our key employees and attract qualified personnel, our business may be harmed.

Our success has been largely dependent on the skills, experience and efforts of our key employees and the loss of the services of any of our executive officers or other key employees, without a properly executed transition plan, could have an adverse affect on us. On October 29, 2014, we announced that Mr. Kenny will transition out of his role as President and Chief Executive Officer of the Company.  Our Board has formed a search committee to identify the Company’s next Chief Executive Officer and has retained an executive search firm to assist in the process. Mr. Kenny will remain in his current position during the search. The loss of any member of our senior management team or any of our other key employees could damage critical customer relationships, result in the loss of vital knowledge, experience and expertise, could lead to an increase in recruitment and training costs and make it more difficult to successfully operate our business and execute our business strategy. We may not be able to find qualified potential replacements for these individuals and the integration of potential replacements may be disruptive to our business. In addition, the loss of our key employees who have intimate knowledge of our manufacturing process could lead to increased competition to the extent that those employees are hired by a competitor and are able to recreate our manufacturing process. Our future success will also depend in part upon our continuing ability to attract and retain highly qualified personnel, who are in great demand.

• Our indebtedness and our ability to pay could adversely affect our business and financial condition.

We have a significant amount of debt and may incur additional debt in the future. If new debt is added to our current debt levels, the risks described herein would increase. Refer to Note 10 - Long-Term Debt of this document for details on the various debt agreements.

The degree to which we are leveraged could have adverse consequences to us, limiting management's choices in responding to business, economic, regulatory and other competitive conditions. In addition, our ability to generate cash flow from operations sufficient to make scheduled payments on our debts as they become due will depend on our future performance, our ability to successfully execute our business strategy and our ability to obtain other financing, which may be influenced by economic, financial, competitive, legislative, regulatory and other factors that are beyond our control. Our material indebtedness may affect our ability to pay principal and interest on outstanding indebtedness, increase our vulnerability to adverse economic and industry conditions, limit future capital expenditures and research and development, limit our ability to fund working capital needs and general corporate requirements, decrease our flexibility to react to changes in our business and industry, and place us at a competitive disadvantage to our competitors with less debt.

Our ability to make payments on our indebtedness, to refinance our indebtedness and fund planned capital expenditures will depend on our ability to generate cash in the future. This, to a certain extent, is subject to general economic, financial, competitive,

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legislative, regulatory and other factors that are beyond our control. There can be no assurance that our business will generate sufficient cash flows from operations or that future borrowings will be available to us under our credit facilities in an amount sufficient to enable us to make payments with respect to our indebtedness or to fund our other liquidity needs. If this were the case, we might need to refinance all or a portion of our indebtedness on or before maturity, sell assets, reduce or delay capital expenditures or seek additional equity financing. There can be no assurance that we will be able to refinance any of our indebtedness on commercially reasonable terms or at all.

• Failure to comply with covenants and other provisions in our existing or future financing agreements could result in cross-defaults under some of our financing agreements, which could jeopardize our ability to satisfy our obligations.

Various risks, uncertainties and events beyond our control could affect our ability or the ability of our subsidiaries to comply with the covenants, financial tests and ratios required by the instruments governing our and their financing arrangements, including, without limitation, the requirement that no final judgment or judgments of a court of competent jurisdiction have been rendered against us or our subsidiaries in excess of stated amounts. Failure to comply with any of the covenants in our existing or future financing agreements could result in a default under those agreements as well as other agreements containing cross-default provisions. A default would permit lenders to cease to make further extensions of credit, accelerate the maturity of the debt under these agreements and foreclose upon any collateral securing that debt as well as restrict our ability to make certain investments and payments, pay dividends, purchase company stock, enter into transactions with affiliates, make acquisitions, merge and consolidate, or transfer or sell assets. Under these circumstances, we might not have sufficient funds or other resources to satisfy all of our obligations.

Our ability and the ability of our subsidiaries to comply with these covenants is subject to various risks and uncertainties. In addition, events beyond our control could affect our ability to comply with and maintain the financial tests and ratios required by this indebtedness. Even if we or our subsidiaries, as applicable, are able to comply with all applicable covenants, the restrictions on our ability to operate our business in our sole discretion could harm our business by, among other things, limiting our ability to take advantage of financing, mergers, acquisitions and other opportunities.

Certain portions of our debt contain prepayment or acceleration rights at the election of the holders upon a covenant default, change in control or fundamental change, which, if exercised, could constitute an event of default under other portions of our debt. It is possible that we would be unable to fulfill all of these obligations simultaneously, which could adversely affect our financial position.

• If we fail to meet our payment or other obligations under our secured indebtedness, the lenders under this indebtedness could foreclose on, and acquire control of, substantially all of our assets. 

Indebtedness under our senior secured credit facility is secured by: (a) for US borrowings under the facility, a first priority security interest in substantially all of our domestic assets and, (b) for Canadian and European borrowings under the facility, a first priority security interest in substantially all of our domestic and Canadian assets and certain assets of our Spanish, French and German subsidiaries party to the facility.   In addition, the lenders under our senior secured credit facility have received a pledge of (i) 100% of the equity interests in substantially all of our domestic subsidiaries, and (ii) 65% of the voting equity interests in and 100% of the non-voting equity interests in certain of our foreign subsidiaries, including our Canadian subsidiaries and our Spanish, French and German subsidiaries party to the facility. As a result of these pledges and liens, if we fail to meet our payment or other obligations under the facility, then the lenders under the facility would be entitled to foreclose on the assets pledged as collateral to secure the facility and liquidate such assets. Under those circumstances, we may not have sufficient funds to pay our obligations, which could adversely affect our financial position.

• Our ability to pay principal and interest on outstanding indebtedness depends upon our receipt of dividends or other intercompany transfers from our subsidiaries.

We are a holding company and substantially all of our properties and assets are owned by, and all our operations are conducted through, our subsidiaries. As a result, we are dependent upon cash dividends and distributions or other transfers from our subsidiaries to meet our debt service obligations, including payment of the interest on and principal of our indebtedness when due, and other obligations. The ability of our subsidiaries to pay dividends and make other payments to us may be restricted by, among other things, applicable corporate, tax and other laws and regulations in the United States and abroad and agreements made by us and our subsidiaries, including under the terms of our existing and potentially future indebtedness.

In addition, claims of creditors, including trade creditors, of our subsidiaries will generally have priority with respect to the assets and earnings of such subsidiaries over the claims of our creditors, except to the extent the claims of our creditors are guaranteed by these subsidiaries. Certain of our indebtedness may be guaranteed by only some of our subsidiaries. In the event of our dissolution, bankruptcy, liquidation or reorganization, the holders of such indebtedness will not receive any amounts from our non-guarantor subsidiaries with respect to such indebtedness until after the payment in full of the claims of the creditors of those subsidiaries.

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• A downgrade in our financial strength or credit ratings could limit our ability to conduct our business or offer and sell additional debt securities.

Nationally recognized rating agencies currently rate our debt. Ratings are not recommendations to buy or sell our securities. We may, in the future, incur indebtedness with interest rates that may be affected by changes in or other actions associated with our credit ratings. Each of the rating agencies reviews its ratings periodically and previous ratings for our debt may not be maintained in the future. Rating agencies may also place us under review for potential downgrade in certain circumstances or if we seek to take certain actions. A downgrade of our debt ratings or other negative action, such as a review for a potential downgrade, could affect the market price of our existing subordinated and senior notes. Furthermore, these events may negatively affect our ability to raise additional debt with terms and conditions similar to our current debt, and accordingly, likely increase our cost of capital. In addition, a downgrade of these ratings, or other negative action, could make it more difficult for us to raise capital to refinance any maturing debt obligations to support business growth and to maintain or improve the current financial strength of our business and operations.

• The trading price of our common stock may be adversely affected by many factors, not all of which are within our control, as well as by future issuances of our common stock or additional series of preferred stock.

The trading price of our common stock has been and may in the future be volatile. Our stock price could be subject to wide fluctuations in response to a variety of factors, including quarterly variations in our operating results or our competitors' operating results, announcements of new products or services by us or our competitors, adverse or unfavorable publicity about us or our services, or our competitors, timing and announcement of acquisitions by us or our competitors, technological innovations by us or our competitors, changes in our or our competitors' earnings estimates, financial strength or credit ratings of us or our competitors, changes in estimates or recommendations by security analysts for our stock or our competitors' stock, commencement of material litigation or unfavorable verdicts against us, and additions or departures of key personnel.

In addition, our trading price may be adversely affected by future issuances of our common stock. Our amended and restated certificate of incorporation provides that we have authority to issue 200 million shares of common stock. As of December 31, 2014, there were approximately 48.7 million shares of common stock outstanding (net of treasury shares), approximately 1.9 million shares of common stock are issuable upon the exercise of currently outstanding stock options and approximately 1.1 million shares of common stock are issuable upon the vesting of currently outstanding restricted stock units and performance stock units. In addition, a maximum of approximately 14.3 million shares of our common stock could be issuable upon conversion of our Subordinated Convertible Notes. All of the shares of our common stock that could be issued pursuant to the conversion of our Subordinated Convertible Notes by holders who are not our affiliates would be freely tradable by such holders.

Our trading price also may be adversely affected by future issuances of series of preferred stock. Our Board of Directors is authorized to issue series of preferred stock without any action on the part of our stockholders. Our Board of Directors also has the power, without stockholder approval, to set the terms of any such series of preferred stock that may be issued, including voting rights, conversion rights, dividend rights, preferences over our common stock with respect to dividends or if we liquidate, dissolve or wind up our business and other terms. If we issue preferred stock in the future that has preference over our common stock with respect to the payment of dividends or upon our liquidation, dissolution or winding-up, or if we issue preferred stock with voting rights that dilute the voting power of our common stock, the market price of our common stock could be adversely affected.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

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ITEM 2. PROPERTIES

The Company’s principal manufacturing facilities are listed below by country. The Company owns the building at its global headquarters located in Highland Heights, Kentucky and leases various distribution centers and sales and administrative offices around the world. Many of the domestic and international facilities produce products for multiple markets including electric infrastructure, electric utility, communications, construction and rod mill products. The Company believes that its properties are generally well maintained and are adequate for the Company’s current level of operations.

North American Operating Segment Manufacturing Properties
Number of Properties by Country	Owned or Leased
United States - 15	13 owned, 2 leased
Canada - 3	3 owned
Mexico - 2	2 leased
Brazil - 1	1 leased
France - 1	1 owned

European Operating Segment Manufacturing Properties
Number of Properties by Country	Owned or Leased
Spain - 4	4 owned
France - 1	1 owned
Germany - 1	1 owned
Portugal - 1	1 owned

Latin American Operating Segment Manufacturing Properties
Number of Properties by Country	Owned or Leased
Brazil - 2	1 owned, 1 leased
Colombia - 2	1 owned, 1 leased
Venezuela - 1	1 owned
Chile - 1	1 owned
Costa Rica - 1	1 owned
Honduras - 1	1 owned
Mexico - 1	1 owned

Africa / Asia Pacific Operating Segment Manufacturing Properties
Number of Properties by Country	Owned or Leased
Thailand - 2	2 owned
Algeria - 1	1 owned
Angola - 1	1 owned
China - 1	1 leased
Egypt - 1	1 owned
Fiji - 1	1 owned
New Zealand - 1	1 owned
South Africa - 1	1 leased
Zambia - 1	1 owned

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ITEM 3. LEGAL PROCEEDINGS

Environmental matters

We are subject to a variety of federal, state, local and foreign laws and regulations covering the storage, handling, emission and discharge of materials into the environment, including CERCLA, the Clean Water Act, the Clean Air Act (including the 1990 amendments) and the Resource Conservation and Recovery Act.

American Premier Underwriters, Inc., ("American Premier") in connection with the 1994 Wassall PLC transaction, agreed to indemnify General Cable against liabilities (including all environmental liabilities) arising out of General Cable or its predecessors’ ownership or operation of the Indiana Steel & Wire Company and Marathon Manufacturing Holdings, Inc. businesses (which were divested by the predecessor prior to the 1994 Wassall transaction), without limitation as to time or amount. American Premier also agreed to indemnify General Cable against 66^2/3% of all other environmental liabilities arising out of General Cable or its predecessors’ ownership or operation of other properties and assets in excess of $10 million but not in excess of $33 million, which were identified during the seven-year period ended June 2001. Indemnifiable environmental liabilities through June 2001 were substantially below that threshold. In addition, General Cable also has claims against third parties with respect to some of these liabilities.

Our subsidiaries in the United States have been identified as potentially responsible parties with respect to several sites designated for cleanup under CERCLA or similar state laws, which impose liability for cleanup of certain waste sites and for related natural resource damages without regard to fault or the legality of waste generation or disposal. Persons liable for such costs and damages generally include the site owner or operator and persons that disposed or arranged for the disposal of hazardous substances found at those sites. Although CERCLA imposes joint and several liability on all potentially responsible parties, in application, the potentially responsible parties typically allocate the investigation and cleanup costs based upon, among other things, the volume of waste contributed by each potentially responsible party.

Settlements can often be achieved through negotiations with the appropriate environmental agency or the other potentially responsible parties. Potentially responsible parties that contributed small amounts of waste (typically less than 1% of the waste) are often given the opportunity to settle as “de minimus” parties, resolving their liability for a particular site. We do not own or operate any of the waste sites with respect to which we have been named as a potentially responsible party by the government.

At December 31, 2014 and 2013, the Company had an accrued liability of approximately $4.5 million and $3.1 million, respectively, for various environmental-related liabilities to the extent costs are known or can be reasonably estimated as a liability. While it is difficult to estimate future environmental-related liabilities accurately, the Company does not currently anticipate any material adverse impact on its results of operations, financial position or cash flows as a result of compliance with federal, state, local or foreign environmental laws or regulations or cleanup costs of the sites discussed above.

Asbestos litigation

We have been a defendant in asbestos litigation for over 20 years. Our subsidiaries have been named as defendants in lawsuits alleging exposure to asbestos in products manufactured by us. As of December 31, 2014, we were a defendant in approximately 3,251 cases brought in Federal District Courts throughout the United States. In calendar years 2014, 2013 and 2012, 104, 133, and 113 asbestos cases, respectively, were brought against us. In the last 22 years, we have had no cases proceed to verdict. In many of the cases, we were dismissed as a defendant before trial for lack of product identification. As of December 31, 2014, 47,887 asbestos cases have been dismissed. In calendar years 2014, 2013 and 2012, 25,954 cases, 65 cases and 66 cases, respectively, were dismissed. With regards to the approximately 3,251 remaining pending cases, we are aggressively defending these cases based upon either lack of product identification as to whether we manufactured asbestos-containing product and/or lack of exposure to asbestos dust from the use of our product.

As of December 31, 2014, 2,679 pending lawsuits had been brought on behalf of plaintiffs by a single admiralty law firm (“MARDOC”) and seek unspecified damages. Plaintiffs in the MARDOC cases generally allege that they formerly worked in the maritime industry and sustained asbestos-related injuries from products that General Cable ceased manufacturing in the mid-1970s. The MARDOC cases are managed and supervised by a federal judge in the United States District Court for the Eastern District of Pennsylvania (“District Court”) by reason of a transfer by the judicial panel on Multidistrict Litigation (“MDL”). In September 2014, upon receipt from the MDL Court of a current statistical report listing numbers of outstanding cases as well as a list identifying outstanding Maritime/MARDOC cases by plaintiff name, we recorded a dismissal of 25,759 cases reducing its number of pending Maritime/MARDOC cases to 2,679.

In the MARDOC cases in the MDL, the District Court in May 1996 dismissed all pending cases filed without prejudice and placed them on an inactive administrative docket. To reinstate a MARDOC case from the inactive docket, plaintiffs’ counsel must show that the plaintiff not only suffered from a recognized asbestos related injury, but also must produce specific product identification evidence to proceed against an individual defendant. During 2010, the MDL Court ordered plaintiffs to identify the defendants against whom they intended to proceed in the Maritime cases. General Cable was not named as a defendant against whom the plaintiffs intended to proceed. As such it is now anticipated that General Cable will be dismissed from all Maritime related lawsuits.

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For cases outside the MDL as of December 31, 2014, plaintiffs have asserted monetary damages in 278 cases. In 143 of these cases, plaintiffs allege only damages in excess of some dollar amount (about $402 thousand per plaintiff); in these cases there are no claims for specific dollar amounts requested as to any defendant. In the 134 other cases pending in state and federal district courts (outside the MDL), plaintiffs seek approximately $457 million in damages from as many as 50 defendants. In one case, plaintiffs have asserted damages related to us in the amount of $10 million. In addition, in relation to these 278 cases, there are claims of $324 million in punitive damages from all of the defendants. However, many of the plaintiffs in these cases allege non-malignant injuries. At December 31, 2014 and 2013, we have accrued, on a gross basis, approximately $4.7 million and $5.2 million and had recorded approximately $0.5 million of insurance recoveries for these lawsuits, at each year end. The net amount of $4.2 million and $4.7 million as of December 31, 2014 and 2013 represents our best estimate in order to cover resolution of current and future asbestos-related claims.

The components of the asbestos litigation reserve are current and future asbestos-related claims. The significant assumptions are: (1) the number of cases per state, (2) an estimate of the judgment per case per state, (3) an estimate of the percentage of cases per state that would make it to trial and (4) the estimated total liability percentage, excluding insurance recoveries, per case judgment. Management's estimates are based on the Company's historical experience with asbestos-related claims. The Company's current history of asbestos claims does not provide sufficient and reasonable information to estimate a range of loss for potential future, unasserted asbestos claims because the number and the value of the alleged damages of such claims have not been consistent. As such, the Company does not believe a reasonably possible range can be estimated with respect to asbestos claims that may be filed in the future.

Settlement payments are made, and the asbestos reserve is relieved, when we receive a fully executed settlement release from the plaintiff's counsel. As of December 31, 2014, aggregate settlement costs were $9.5 million. In calendar years 2014, 2013 and 2012, the settlement costs totaled $0.6 million, $0.3 million and $0.6 million, respectively. As of December 31, 2014, aggregate costs of administering and litigating the asbestos claims were $24.7 million. In calendar years 2014, 2013 and 2012, the costs of administering and litigating asbestos claims totaled $1.8 million, $1.7 million and $1.7 million, respectively.

In January 1994, we entered into a settlement agreement with certain principal primary insurers concerning liability for the costs of defense, judgments and settlements, if any, in all of the asbestos litigation described above. Subject to the terms and conditions of the settlement agreement, the insurers were responsible for a substantial portion of the costs and expenses incurred in the defense or resolution of this litigation. However, one of the insurers participating in the settlement that was responsible for a significant portion of the contribution under the settlement agreement entered into insurance liquidation proceedings and another became insolvent. As a result, the contribution of the insurers has been reduced and we have had to bear substantially most of the costs relating to these lawsuits.

Based on our experience in this litigation, the amounts pleaded in the complaints are not typically meaningful as an indicator of the Company’s potential liability because (1) the amounts claimed usually bear no relation to the level of plaintiff’s injury, if any; (2) complaints nearly always assert claims against multiple defendants (a typical complaint asserts claims against some 50 different defendants); (3) damages alleged are not attributed to individual defendants; (4) the defendants’ share of liability may turn on the law of joint and several liability; (5) the amount of fault to be allocated to each defendant is different depending on each case; (6) many cases are filed against General Cable, even though the plaintiff did not use any of General Cable’s products, and ultimately are withdrawn or dismissed without any payment; (7) many cases are brought on behalf of plaintiffs who have not suffered any medical injuries, and ultimately are resolved without any payment to that plaintiff; and (8) with regard to claims for punitive damages, potential liability generally is related to the amount of potential exposure to asbestos from a defendant’s products. General Cable’s asbestos-containing products contained only a minimal amount of fully encapsulated asbestos.

European Commission competition matter

As part of the Company’s acquisition of Silec Cable, S.A.S (“Silec”) in December 2005, SAFRAN SA (“SAFRAN”), agreed to indemnify the Company for the full amount of losses arising from, related to or attributable to practices, if any, that are similar to previous practices investigated by the French competition authority for alleged competition law violations related to medium-and high voltage cable markets. The Company has asserted a claim under this indemnity against SAFRAN related to the European Commission’s Statement of Objections, discussed below, to preserve the Company’s rights in case of an adverse European Commission decision.

On July 5, 2011, the European Commission issued a Statement of Objections in relation to its ongoing competition investigation to a number of wire and cable manufacturers in the submarine and underground power cables business, including our Spanish affiliate, Grupo General Cable Sistemas, and its French subsidiary, Silec. The Statement of Objections alleged that the two affiliates engaged in violations of competition law in the underground power cables businesses for limited periods of time. The allegations related to Grupo General Cable Sistemas claimed that it had participated in a cartel from January 2003 to May 2007, while the allegations related to Silec were for the ten month period following its December 22, 2005 acquisition from SAFRAN by Grupo General Cable Sistemas.

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Following our formal responses to the Statement of Objections in October 2011 and a hearing in 2012, the European Commission issued a final decision on April 2, 2014. In the decision, the claims of infringement against Grupo General Cable Sistemas were dismissed for lack of evidence of alleged cartel activity. With regard to Silec, the European Commission’s decision imposed a fine of 1.9 million Euros related to the period Silec has been owned by us. This fine was based on participation that allegedly commenced well before Silec was acquired by us. On June 13, 2014, we filed an appeal with the General Court of the European Union challenging the European Commission’s decision as to Silec in Europe based on established precedent. We also continue to pursue our claim for full indemnification for the Silec fine under the terms of the acquisition agreement with SAFRAN executed in 2005.

Government and internal investigations

We have been reviewing, with the assistance of external counsel, certain commission payments involving sales to customers of our subsidiary in Angola. The review has focused upon payment practices with respect to employees of public utility companies, use of agents in connection with such payment practices, and the manner in which the payments were reflected in our books and records. We have determined at this time that certain employees in our Portugal and Angola subsidiaries directly and indirectly or directed made payments at various times from 2002 through 2013 to officials of Angola government-owned public utilities that raise concerns under the FCPA and possibly under the laws of other jurisdictions. Based on an analysis completed with the assistance of our external counsel and forensic accountants, we have concluded at this time, that we are able to reasonably estimate the profit derived from sales made to the Angolan government-owned public utilities in connection with the payments described above which we believe is likely to ultimately be disgorged. As a result, we have recorded an estimated charge in the amount of $24 million as an accrual as of December 31, 2014. The accrued amount reflects the probable and estimable amount of the Angola-related profits that the Company believes is subject to being disgorged, and does not include any provision for any fines, civil or criminal penalties, or other relief, any or all of which could be substantial. We also have been reviewing, with the assistance of external counsel, our use and payment of agents in connection with our Thailand and India operations, which may have implications under the FCPA. We have voluntarily disclosed these matters to the SEC and the DOJ and have provided them with additional information at their request, including information in response to an SEC subpoena. The SEC and DOJ inquiries into these matters are ongoing. We continue to cooperate with the DOJ and the SEC with respect to these matters. At this time, we are unable to predict the nature of any action that may be taken by the DOJ or SEC or any remedies these agencies may pursue as a result of such actions. We are implementing a screening process relating to sales agents that we use outside of the United States, including, among other things, a review of the agreements under which they were retained and a risk-based assessment of such agents to determine the scope of due diligence measures to be performed by a third-party investigative firm. We also have provided anti-corruption training to our global sales force, and ultimately will provide such training to all salaried employees. In addition, we have hired a Chief Compliance Officer, who is responsible for the day-to-day management of our compliance function. The Chief Compliance Officer reports to our Chief Executive Officer, and also has a reporting relationship with the Audit Committee.

As previously disclosed, we conducted internal investigations, subject to the oversight of the Audit Committee of our Board of Directors and with the assistance of external counsel, principally relating to matters resulting in restatements of a number of our previously issued financial statements. The matters addressed in the investigations included (i) inventory accounting errors addressed in the restatements, including those resulting from inventory theft in Brazil, as well as the timing of internal reporting of the inventory accounting issues to senior corporate management at our headquarters in Highland Heights, Kentucky and (ii) historical revenue recognition accounting practices with regard to “bill and hold” sales in Brazil related to aerial transmission projects, including instances where we have determined that the requirements for revenue recognition under GAAP with respect to the bill and hold sales were not met. (“Bill and hold” sales generally are sales meeting specified criteria under GAAP that enable the seller to recognize revenue at the time title to goods and ownership risk is transferred to the customer, even though the seller does not ship the goods until a later time. In typical sales transactions other than those accounted for as bill and hold, title to goods and ownership risk is transferred to the customer at the time of shipment or delivery.) In connection with these matters, among others, our management identified control deficiencies that constituted material weaknesses in our internal control over financial reporting. These material weaknesses resulted in accounting errors that caused us to issue two sets of restated financial statements. In March 2013, principally to correct the inventory accounting errors, we issued restated consolidated financial statements as of December 31, 2011 and 2010 and for the years ended December 31, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and interim periods ended on March 30, 2012 and June 29, 2012. In January 2014, principally to correct errors relating to revenue recognition with respect to the bill and hold sales, we issued restated consolidated financial statements (which also encompassed matters addressed in the earlier restatement) as of December 31, 2012, 2011 and 2010 and for the years ended December 31, 2012, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and 2012 and the interim period ended on March 29, 2013. For more information regarding these material weaknesses and the steps we have taken to remediate them, see “Item 9A. Controls and Procedures” in our annual report on Form 10-K for the year ended December 31, 2013.

We voluntarily contacted the SEC to advise it of our initial internal investigation, and we have continued to provide information to the SEC on an ongoing basis, including, among other things, information regarding the matters described above and certain earnings management activities by employees prior to the end of 2012. As we previously disclosed, these earnings management

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activities (none of which identified to date had a material effect on our consolidated financial statements) were designed to delay the reporting of expenses or other charges, including improper capitalization of costs, misuse of accruals and failure to timely report inventory shortfalls identified through physical inventory counts. The SEC has issued a formal order of investigation. Pursuant to the formal order, the SEC issued subpoenas to us seeking relevant documents and to certain of our current and former employees seeking their testimony. The SEC has requested information regarding, among other things, the above-described Angola matter, matters that were subject to our internal investigations and earnings management activities by employees. We continue to cooperate with the SEC in connection with its investigation.

Any determination that our operations or activities are not in compliance with existing laws or regulations could result in the imposition of substantial fines, civil and criminal penalties, and equitable remedies, including disgorgement and injunctive relief. Because the government investigations and our review regarding commission payment practices and our use and payment of agents described above are ongoing, we are unable to predict their duration, scope, results, or consequences. Dispositions of these types of matters can result in modifications to business practices and compliance programs, and in some cases the appointment of a monitor to review future business and practices with the objective of effecting compliance with the FCPA and other applicable laws. At this time, we cannot reasonably estimate the amount or range of additional possible loss that we may incur above the amount accrued to date in connection with the foregoing matters.

Purported class action and derivative litigation

Litigation was initiated against us and certain of our current and former directors, executive officers and employees following the restating of our financial statements principally as a result of the matters described above under “Government and internal investigations” relating to our Brazilian business.

Two civil complaints were filed in the United States District Court for the Southern District of New York on October 21, 2013 and December 4, 2013 by named plaintiffs, on behalf of purported classes of persons who purchased or otherwise acquired our publicly traded securities, against us, Gregory Kenny, our President and Chief Executive Officer, and Brian Robinson, our Executive Vice President and Chief Financial Officer. On our motion, the complaints were transferred to the United States District Court for the Eastern District of Kentucky, the actions were consolidated, and a consolidated complaint was filed in that Court on May 20, 2014 by City of Livonia Employees Retirement System, as lead plaintiff on behalf of a purported class of all persons or entities who purchased our securities between November 3, 2010 and October 14, 2013 (the “City of Livonia Complaint”). The City of Livonia Complaint alleged claims under the antifraud and controlling person liability provisions of the Exchange Act, alleging generally, among other assertions, that we employed inadequate internal financial reporting controls that resulted in, among other things, improper revenue recognition, understated cost of sales, overstated operating income, net income and earnings per share, and the failure to detect inventory lost through theft; that we issued materially false financial results that had to be restated on two occasions; and that statements of Messrs. Kenny and Robinson that they had tested and found effective our internal controls over financial reporting and disclosure were false. The City of Livonia Complaint alleged that as a result of the foregoing, our stock price was artificially inflated and the plaintiffs suffered damages in connection with their purchase of our stock. The City of Livonia Complaint seeked damages in an unspecified amount; reasonable costs and expenses, including counsel and experts fees; and such equitable injunctive or other relief as the Court deems just and proper. On July 18, 2014, defendants filed a motion to dismiss the City of Livonia Complaint based on plaintiff’s failure to state a claim upon which relief could be granted. After oral argument on January 7, 2015, the Court granted the motion to dismiss with prejudice on January 27, 2015. On February 24, 2015, plaintiff filed a motion to alter or amend the January 27, 2015 judgment and for leave to file the proposed amended complaint. Under the Local Rules, defendants’ opposition to the motion is due on March 17, 2015.

In addition, a derivative complaint was filed on January 7, 2014 in the Campbell County, Kentucky Circuit Court against all but one member of our Board of Directors, including Mr. Kenny, two former directors, Mr. Robinson and two former officials, one of whom is our former executive officer. The derivative complaint alleges that the defendants breached their fiduciary duties by knowingly failing to ensure that we implemented and maintained adequate internal controls over our accounting and financial reporting functions and by knowingly disseminating to stockholders materially false and misleading statements concerning our financial results and internal controls. The derivative complaint seeks damages in an unspecified amount, appropriate equitable relief to remedy the alleged breaches of fiduciary duty, attorneys’ fees, experts’ fees and other costs. On March 5, 2014, the derivative case was placed on inactive status until a motion is filed by a party to reinstate the action to the Court’s active docket.

We believe the derivative complaint, insofar as it relates to our current and former directors, including Mr. Kenny, and to Mr. Robinson, and the City of Livonia Complaint are without merit and intend to vigorously contest the actions.

Brazil Tax Matters

One of our Brazilian subsidiaries is involved in administrative proceedings with State treasury offices regarding whether tax incentives granted to us by one Brazilian state are applicable to goods sold in another Brazilian State. We believe we correctly relied on the tax incentives granted and that we have substantial defenses to their disallowance by the Brazilian State claimant.  The total amount of taxes allegedly due for the infractions including potential interest and penalties is up to $10 million.  In

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September 2012, an Administrative Court found that we were not liable for any incentive tax payments claimed by the State treasury office, however this determination was overturned on appeal and has since been further appealed.  This appeal remains pending at the Brazilian Courts.  Despite the pending appeal, in October 2014, the State issued a summons to recover the approximately $10 million of contested incentives described above, and we are complying with the terms of the State’s summons while continuing to contest the Court’s ruling.

One of our Brazilian subsidiaries has received formal notices of infractions from the Brazilian state authorities related to alleged failures of tax matters associated with the distribution of goods and services from one state to another and alleged failure to file electronic records with the state authorities in regard to inventories, good receipts, and invoices from acquisitions.  The total amount of taxes allegedly due for the infractions including potential interest and penalties is up to $20 million. 

Our Brazilian subsidiaries have received notifications of various other claims related to disputed tax credits taken on Federal Tax Offset returns, which are in various phases of litigation. The total amount of taxes allegedly due for the disputed credits, including potential interest and penalties is up to $12 million.

At this time, we believe we have defenses to all remaining claims or are unable to predict an estimated range of damages and whether or not a liability will exist for these remaining claims.

Brazil Labor Matter

One of our Brazilian subsidiaries has received infraction notices issued by the Department of Labor. Subsequently, the Brazilian Federal Labor Public Prosecutor filed a related lawsuit claiming collective punitive damages, in the amount of approximately $12 million. At this time, we are unable to predict an estimated range of damages and whether or not a liability will exist for these claims.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

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PART II.

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information and Holders

General Cable’s common stock is listed on the New York Stock Exchange under the symbol “BGC”. As of February 17, 2015, there were approximately 1,426 registered holders of the Company’s common stock. The following table sets forth the high and low daily sales prices for the Company’s common stock as reported on the New York Stock Exchange during the years ended December 31:

	2014				2013
	High		Low		High		Low
First Quarter	$	31.50	$	25.50	$	36.73	$	30.74
Second Quarter	26.90		22.76		37.14		29.20
Third Quarter	26.18		16.13		33.85		29.66
Fourth Quarter	16.31		12.47		34.61		27.27

Dividends on Common Stock

On May 20, 2013, the Company's Board of Directors authorized the payment of a regular quarterly dividend of $0.18 per quarter (starting in the second quarter of 2013). During the year ended December 31, 2014, the Company paid in total approximately $35.4 million to all common shareholders of record, or $0.72 per share. During the year ended December 31, 2013, the Company paid in total approximately $26.7 million to all common shareholders of record, or $0.54 per share. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors. In determining dividends, the Board of Directors takes into consideration items such as general business conditions, financial performance, projected cash flows and anticipated financing needs. Future payments of dividends is also subject to the Company's Revolving Credit Facility with JP Morgan Chase Bank, NA, as administrative agent, and other lenders (“Revolving Credit Facility”), the indentures governing the Senior Floating Rate Notes due 2015 (“Senior Floating Rate Notes”) and 5.75% Senior Notes due 2022 (“5.75% Senior Notes), and the requirements of the Delaware General Corporation law.

Securities Authorized for Issuance under Equity Compensation Plans

Information related to the Company’s securities authorized for issuance under equity compensation plans, including the tabular disclosure, is presented in Item 12 - Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

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Performance Graph

The graph below compares the annual percentage change in cumulative total shareholder return on General Cable stock in relation to cumulative total return of the Standard & Poor’s 500 Stock Index, and a peer group of companies (“2014 Peer Group”). The data shown are for the period beginning May 16, 1997, the date that General Cable (“BGC”) common stock began trading on the NYSE, through December 31, 2014.

	May 1997	Dec 1997	Dec 1998	Dec 1999	Dec 2000	Dec 2001	Dec 2002	Dec 2003	Dec 2004	Dec 2005	Dec 2006	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014
General Cable	100	167	143	53	32	97	29	62	105	149	331	555	134	223	266	189	230	228	120
2014 Peer Group	100	138	92	107	121	89	58	99	118	135	311	361	195	234	249	184	238	324	261
S&P 500	100	117	148	177	159	138	106	134	146	150	171	177	109	134	152	152	172	223	248

(1) Assumes the value of the investment in General Cable common stock and each index was $100 on May 16, 1997, also assumes dividend reinvestment. The 2014 Peer Group consists of Belden Inc. (NYSE: BDC), Prysmian (Italy Stock Exchange) and Nexans (Paris Stock Exchange). Returns in the 2014, 2013 and 2012 Peer Group are weighted by capitalization.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

The following table summarizes purchases of equity securities by the issuer during the quarter ended December 31, 2014:

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Period	Total number of shares purchased     (1), (2), (3)	Average price paid per share
September 27, 2014 through October 24, 2014	1,442	$	13.78
October 25, 2014 through November 21, 2014	35	$	14.15
November 22, 2014 through December 31,2014	1,720	$	13.60

⁽¹⁾ Includes 1,108 shares of common stock that were withheld for taxes on the vesting of restricted stock issued pursuant to the Company's equity compensation plans, and the average price paid per share was $13.38 during the quarter ended December 31, 2014. 63,475 shares of common stock that were withheld for taxes on the vesting of restricted stock issued pursuant to the Company's equity compensation plans, and the average price paid per share was $28.12 during the year ended December 31, 2014. For the year ended December 31, 2013, and 2012, 31,576 and 23,615 total shares of common stock were withheld for taxes on the vesting of restricted stock issued pursuant to the Company's equity compensation plans, and the average price paid per share was $32.44 and $29.44.

⁽²⁾ Includes 2,089 shares of common stock that were purchased through a rabbi trust as investments of participants in the Company's deferred compensation plan in the quarter ended December 31, 2014. A Rabbi Trust (“Trust”) has been established in connection with the Deferred Compensation Plan, and the Trust assets are available to satisfy the claims of the Company’s creditors in the event of bankruptcy or insolvency of the Company.

⁽³⁾ On December 10, 2013, the Company's Board of Directors authorized the extension of the Company’s existing $125 million share repurchase program through the end of 2014. The share repurchase program has not been extended. Stock purchases under this program were able to be made through the open market and privately negotiated transactions at times and in such amounts as deemed appropriate by a special committee appointed by the Board. Under the stock repurchase program, the Company purchased $30.7 million, or 1,000,000 common shares at an average price of $30.73 per share, during the year ended December 31, 2014. Under the stock repurchase program the Company purchased $19.5 million, or 597,531 common shares at an average price of $32.65 per share, during the year ended December 31, 2013. The purpose of the share repurchase program was to take advantage of the investment opportunity given prevailing market prices at the time of purchase as well as our evaluation of other capital investment alternatives.

ITEM 6. SELECTED FINANCIAL DATA

The selected financial information for the years ended December 31, 2014, 2013, and 2012 and as of December 31, 2014 and 2013, was derived from audited consolidated financial statements included in this filing and for the years ended December 31, 2011 and 2010 and as of December 31, 2012, 2011 and 2010 was derived from previously audited consolidated financial statements. The following selected financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the Consolidated Financial Statements and related notes thereto, especially as the information pertains to 2014, 2013 and 2012 activity.

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	Year Ended December 31,
	2014			2013			2012			2011			2010
	(in millions, except metal price and share data)
Net sales	$	5,979.8		$	6,421.2		$	6,059.5		$	5,808.2		$	4,856.0
Cost of sales	5,586.6			5,717.5			5,434.6			5,213.9			4,316.1
Gross profit	393.2			703.7			624.9			594.3			539.9
Selling, general and administrative expenses	450.7			492.0			425.5			379.7			332.1
Goodwill impairment charge	155.1			—			—			—			—
Intangible asset impairment charges	98.8			—			—			—			—
Operating income (loss)	(311.4		)	211.7			199.4			214.6			207.8
Other income (expense)	(212.9		)	(66.7		)	(2.9		)	(31.7		)	(28.1		)
Interest expense, net	(111.8		)	(118.0		)	(100.3		)	(91.5		)	(71.6		)
Loss on extinguishment of debt	—			—			(9.3		)	—			—
Income (loss) before income taxes	(636.1		)	27.0			86.9			91.4			108.1
Income tax provision	(8.3		)	(38.8		)	(78.6		)	(38.6		)	(45.9		)
Equity in net earnings of affiliated companies	1.4			1.7			1.7			2.9			1.4
Net income (loss) including noncontrolling interest	(643.0		)	(10.1		)	10.0			55.7			63.6
Less: preferred stock dividends	—			0.3			0.3			0.3			0.3
Less: net income (loss) attributable to noncontrolling interest	(15.4		)	7.7			5.7			0.9			7.1
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(18.1	)	$	4.0		$	54.5		$	56.2
Earnings (losses) per common share-basic	$	(12.86	)	$	(0.37	)	$	0.08		$	1.05		$	1.08
Earnings (losses) per common share-assuming dilution	$	(12.86	)	$	(0.37	)	$	0.08		$	1.02		$	1.06
Weighted average common shares-basic	48.8			49.4			49.7			51.9			52.1
Weighted average common shares-assuming dilution	48.8			49.4			51.1			53.7			53.1
Dividends per common share	0.72			0.54			—			—			—
Other Data:
Depreciation and amortization	$	126.4		$	133.5		$	117.4		$	115.0		$	105.8
Capital expenditures	89.6			89.1			108.6			$	121.5		$	115.3
Average daily COMEX price per pound of copper cathode	$	3.12		$	3.34		$	3.62		$	4.01		$	3.43
Average daily price per pound of aluminum rod	$	1.05		$	0.95		$	1.02		$	1.16		$	1.05

	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012		Dec 31, 2011		Dec 31, 2010
Balance Sheet Data:
Working capital (1)	$	913.3	$	1,450.7	$	1,240.2	$	1,297.7	$	1,341.1
Total assets	3,366.7		4,578.9		4,932.6		4,375.9		4,301.7
Total debt	1,337.4		1,386.9		1,450.1		1,048.9		985.5
Dividends to common shareholders	35.4		26.7		—		—		—
Total equity	513.2		1,379.8		1,448.2		1,437.9		1,552.4

(1) Working capital means current assets less current liabilities.

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ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management's Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to help the reader understand General Cable Corporation's financial position, changes in financial condition, and results of operations. MD&A is provided as a supplement to the Company's Consolidated Financial Statements and the accompanying Notes to Consolidated Financial Statements ("Footnote" or “Notes”) and should be read in conjunction with the Consolidated Financial Statements and Notes.

Certain statements in this report including, without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company's or management's beliefs, expectations or opinions, are forward-looking statements, and as such, General Cable desires to take advantage of the “safe harbor” which is afforded such statements under the Private Securities Litigation Reform Act of 1995. The Company's forward-looking statements should be read in conjunction with the Company's comments in this report under the heading, “Disclosure Regarding Forward-Looking Statements.” Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. For a list of these factors, risks and uncertainties, refer to Item 1A - Risk Factors.

Overview

The Company is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company additionally engages in the design, integration, and installation on a turn-key basis for products such as high and extra-high voltage terrestrial and submarine systems. In 2014, the Company reorganized its reportable segments as a result of a change to what the chief operating decision maker uses to measure profitability and allocate resources. Accordingly, the Company analyzes its worldwide operations based on four geographical segments: North America, Europe, Latin America, and Africa/Asia Pacific. Due to the change in reportable segments, the Company recasted its prior years financial information. As of December 31, 2014, the Company manufactures its product lines in 48 manufacturing facilities and sells its products worldwide through its global operations. The Company believes it has a strong market position in each of the segments in which it competes due to the Company's guiding principles discussed in Item 1 - Business. Additional financial information regarding the segments appears in Note 18 - Segment Information.

Significant Current Business Trends and Events

The wire and cable industry is competitive, mature and cost driven with minimal differentiation for many product offerings among industry participants from a manufacturing or technology standpoint. Over the last several years, the Company and the industry have experienced stable demand with pockets of relative demand strength. In certain markets; however, global demand remains below historical levels. The following are significant trends and events that occurred in 2014:

Effect of copper and aluminum prices

The Company continued and expects to continue to experience volatile commodity pricing, primarily copper and aluminum, as well as in other cost inputs. The Company typically passes these changes in copper and aluminum prices along to its customers, although there are timing delays of varying lengths depending upon the volatility of metal prices, the type of product, competitive conditions, pricing mechanisms and particular customer arrangements. Although the general trends are detailed in Item 1 - Business - Raw Materials, there is no exact measure of the effect of the change of raw material cost inputs due to the high volume of transactions in any given period, each of which involves a number of factors in the individual pricing decisions. To help reduce this volatility, the Company has implemented various pricing mechanisms and hedges a portion of its metal purchases when there is a firm price commitment for a future delivery but does not engage in speculative metals trading.

Sale of the interest in PDP and PDEP

On December 22, 2014, the Company completed the sale of its interest in Phelps Dodge International Philippines, Inc. (“PDP”) and Phelps Dodge Philippines Energy Products Corporation (“PDEP”) for cash consideration of $67.1 million. The Company sold its 60% interest to its joint venture partner, A. Soriano Corporation ("Anscor"). The Company recorded an after-tax gain on the sale of $9.6 million. Refer to Note 4 - Acquisitions and Divestitures for detail.

October 2014 review of strategic alternatives and operational structure

The Company’s Board conducted a review of the Company’s strategic alternatives and operational structure and as a result, on October 23, 2014, the Company's Board took action to authorize a plan to exit all of the Company's operations in Asia Pacific and Africa in order to simplify its geographic portfolio and reduce operational complexity. The Company expects to incur approximately $14 million in pre-tax charges all within the North America segment. Charges incurred for the year ended December 31, 2014 were immaterial. Costs consist primarily of legal and transaction fees for the dispositions.

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The decision to exit all of the Company's operations in Asia Pacific and Africa was not part of the restructuring plan announced in July 2014. Management will continue to evaluate the recoverability of the carrying amount of its long-lived assets in Africa/Asia Pacific as exit strategies are defined or executed or plans change.

July 2014 restructuring plan

In July 2014, the Company announced that it was implementing a restructuring program. The restructuring program, which builds on previously launched productivity and asset optimization plans, generated approximately $10 million of savings in 2014, increasing to ongoing annual savings of approximately $75 million beginning in 2016. The restructuring program is focused on the closure of certain underperforming assets as well as the consolidation and realignment of other facilities. The Company is also implementing reductions in SG&A expenses globally. The restructuring program is expected to result in pre-tax charges of approximately $190 million, which includes approximately $60 million of cash costs. The remainder of the charges are expected to be non-cash, primarily related to accelerated depreciation and the write-off of property, plant and equipment resulting from facility closures, as well as asset impairment charges for asset groups to be held-and-used in locations which are being restructured and it has been determined the undiscounted cash flows expected to result from the use and eventual disposition of the assets are less than their carrying value. For the year ended December 31, 2014, the Company incurred charges of $166.3 million. During 2014, costs incurred were $6.8 million in the North America segment, $115.6 million in the Europe segment, $28.7 million in the Latin America segment and $15.2 million in the Africa/Asia Pacific segment. These actions are anticipated to result in the elimination of approximately1,000 positions globally, representing nearly 7% of the Company's workforce.

February 2014 restructuring plan

In February 2014, as part of the Company's productivity and asset optimization plans, the Company announced the permanent closure of two manufacturing facilities in the electric utility business in North America. In the year ended December 31, 2014, the Company incurred charges of $10.1 million related to these closures and other cost reductions. The total employee separation costs were $4.2 million, asset related costs were $1.6 million and other costs were $4.3 million in the year ended December 31, 2014. The accrual balances related to these activities are immaterial at December 31, 2014.

Third quarter 2014 Brazil rod mill asset impairment

In the third quarter 2014, the Company announced its intent to cease operations at its Brazil aluminum rod mill manufacturing plant by the end of 2014. As a result, the Company recorded a long-lived asset impairment charge of $13.1 million in the year ended December 31, 2014.  The impairment charge was recorded in the cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

FCPA Accrual

As previously reported, the Company has been reviewing, with the assistance of external counsel, certain commission payments involving sales to customers of its subsidiary in Angola. Based on an analysis completed with the assistance of our external counsel and forensic accountants, the Company has concluded at this time, that it is able to reasonably estimate the profit derived from sales made to the Angolan government-owned public utilities in connection with the payments described above which the Company believes is likely to ultimately be disgorged. As a result, the Company has recorded an estimated charge in the amount of $24 million as an accrual as of December 31, 2014. The accrued amount reflects the probable and estimable amount of the Angola-related profits that the Company believes is subject to being disgorged, and does not include any provision for any fines, civil or criminal penalties, or other relief, any or all of which could be substantial.

Goodwill impairment and indefinite-lived trade name asset impairment

In the first quarter of 2014 the following events reduced the fair value of the PDIC reporting unit as discussed in Note 8 - Goodwill and Other Intangible Assets, net:

• Except certain cost of sales related to copper inventory, all of the BsF denominated revenues and expenses for future periods reflected remeasurement using the SICAD 1 rate versus the prior official rate of 6.30 BsF per U.S. dollar. Due to the changes in the currency exchange system and the rate used to remeasure the financial statements of the Venezuelan entity, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations

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and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Company experienced a significant decline in its stock price, resulting in the Company’s market capitalization falling below its book value.

The above factors led to a decrease in our cash flow projections for the PDIC reporting unit and therefore the Company completed an impairment test for the goodwill and indefinite-lived trade name assets. Based on the results of this work, the carrying amount of the reporting unit exceeded the fair value and the carrying value of the trade name exceeded the fair value. The Company recognized a goodwill impairment charge of $155.1 million and an impairment charge of $93.4 million for the indefinite-lived trade name associated with the PDIC reporting unit in the year ended December 31, 2014.

Other events affecting Venezuelan operations

In the fourth quarter of 2014, due to the change in the rate used to remeasure the financial statements of the Venezuelan entity (from SICAD 1 to SICAD 2), the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels; therefore, the Company recognized an impairment charge of $29.3 million related to the Company's long-lived assets. See Note 7 - Property, Plant and Equipment and Note 22 - Venezuelan Operations for additional information.

In the fourth quarter of 2014, the Venezuela government's default risk, increased substantially as external finances continued to deteriorate due to the strong decrease in oil prices. Based on the increased default risk the Company recognized a $10.3 million charge for the long-term value added tax receivable from the Venezuela government. See Note 22 - Venezuelan Operations for additional information.

During 2014, the Venezuelan entity recorded $9.5 million of lower of cost or market charges. See Note 6 - Inventories and Note 22 - Venezuelan Operations for additional information.

Seasonality

The Company generally has experienced and expects to continue to experience certain seasonal trends in many products in which demand is linked with construction spending. Demand for these products during winter months in certain geographies is usually lower than demand during spring and summer months. Therefore, larger amounts of working capital are generally required during winter months in order to build inventories in anticipation of higher demand during the spring and summer months, when construction activity increases. In turn, receivables related to higher sales activity during the spring and summer months are generally collected during the fourth quarter of the year. Additionally, the Company has historically experienced changes in demand resulting from poor or unusual weather.

In addition to the factors previously mentioned, the Company is currently being affected by the following general macro-level trends:

• Global demand and pricing are uneven as the tepid pace of the recovery continues to hamper growth in key end markets;

• Currency volatility and continued political uncertainty in certain markets;

• Volatility in the price of copper and aluminum;

• Competitive price pressures in certain markets;

• New commodity deposits are more difficult to find, harder and more expensive to extract, and lower in quantities;

• End market demand in Latin America continues to be hampered by inconsistent construction spending and electrical infrastructure investment;

• Recovery is slow in Europe and demand continues to be uneven for a broad spectrum of products in Europe;

• Markets in the U.S. and Canada have remained relatively stable compared to the uneven and challenging operating environments of the emerging economies;

• New communications networks are an enabling technology, resulting in access to knowledge; a great equalizer;

• Climate change concerns are resulting in increased regulatory energy mandates, emphasizing renewable sources of energy;

• Project timing continues to be volatile resulting in a lag in demand in all segments; and

• Countries are seeking greater energy independence for political and economic reasons.

The Company's overall financial results discussed in this section of the annual report reflect the above trends.

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Results of Operations

The following table sets forth, for the periods indicated, consolidated statement of operations data in millions of dollars and as a percentage of net sales. Percentages may not add due to rounding.

	Year Ended December 31,
	2014					2013					2012
	Amount			%		Amount			%		Amount			%
Net sales	$	5,979.8		100.0	%	$	6,421.2		100.0	%	$	6,059.5		100.0	%
Cost of sales	5,586.6			93.4	%	5,717.5			89.0	%	5,434.6			89.7	%
Gross profit	393.2			6.6	%	703.7			11.0	%	624.9			10.3	%
Selling, general and administrative expenses	450.7			7.5	%	492.0			7.7	%	425.5			7.0	%
Goodwill impairment charge	155.1			2.6	%	—			—	%	—			—	%
Intangible asset impairment charges	98.8			1.7	%	—			—	%	—			—	%
Operating income (loss)	(311.4		)	(5.2	)%	211.7			3.3	%	199.4			3.3	%
Other income (expense)	(212.9		)	(3.6	)%	(66.7		)	(1.0	)%	(2.9		)	—	%
Interest expense, net, and loss on extinguishment of debt	(111.8		)	(1.9	)%	(118.0		)	(1.8	)%	(109.6		)	(1.8	)%
Income (loss) before income taxes	(636.1		)	(10.6	)%	27.0			0.4	%	86.9			1.4	%
Income tax provision	(8.3		)	(0.1	)%	(38.8		)	(0.6	)%	(78.6		)	(1.3	)%
Equity in net earnings of affiliated companies	1.4			—		1.7			—		1.7			—	%
Net income (loss) including noncontrolling interest	(643.0		)	(10.8	)%	(10.1		)	(0.2	)%	10.0			0.2	%
Less: preferred stock dividends	—			—	%	0.3			—	%	0.3			—	%
Less: net income (loss) attributable to noncontrolling interest	(15.4		)	(0.3	)%	7.7			0.1	%	5.7			0.1	%
Net income (loss) attributable to Company common shareholders	$	(627.6	)	(10.5	)%	$	(18.1	)	(0.3	)%	$	4.0		0.1	%

Year Ended December 31, 2014 Compared with Year Ended December 31, 2013

Net Sales

The following tables set forth net sales, metal-adjusted net sales and metal pounds sold by segment, in millions. For the metal-adjusted net sales results, net sales for 2013 have been adjusted to reflect the 2014 copper average price of $3.12 per pound (a $0.22 decrease compared to 2013) and the aluminum average price of $1.05 per pound (a $0.10 increase compared to 2013). Metal-adjusted net sales, a non-GAAP financial measure, are provided herein in order to eliminate the effect of metal price volatility from the comparison of revenues from one period to another. The comparable GAAP financial measure is set forth below. Refer to Item 1 - Business– Significant Current Business Trends and Events for a discussion of metal price volatility.

	Net Sales Year Ended
	Dec 31, 2014				Dec 31, 2013
	Amount		%		Amount		%
North America	$	2,550.1	43	%	$	2,751.6	43	%
Europe	1,330.8		22	%	1,448.7		23	%
Latin America	1,143.0		19	%	1,211.9		18	%
Africa/Asia Pacific	955.9		16	%	1,009.0		16	%
Total net sales	$	5,979.8	100	%	$	6,421.2	100	%

33

	Metal-Adjusted Net Sales Year Ended
	Dec 31, 2014				Dec 31, 2013
	Amount		%		Amount		%
North America	$	2,550.1	43	%	$	2,738.8	43	%
Europe	1,330.8		22	%	1,429.1		22	%
Latin America	1,143.0		19	%	1,192.5		19	%
Africa/Asia Pacific	955.9		16	%	987.8		16	%
Total metal-adjusted net sales	$	5,979.8	100	%	$	6,348.2	100	%
Metal adjustment	—				73.0
Total net sales	$	5,979.8			$	6,421.2

	Metal Pounds Sold Year Ended
	Dec 31, 2014			Dec 31, 2013
	Pounds	%		Pounds	%
North America	553.4	44	%	590.0	45	%
Europe	200.4	16	%	234.2	18	%
Latin America	307.5	24	%	287.9	22	%
Africa/Asia Pacific	197.4	16	%	200.9	15	%
Total metal pounds sold	1,258.7	100	%	1,313.0	100	%

Net sales decreased $441.4 million, or 7%, to $5,979.8 million in 2014 from 2013 and metal-adjusted net sales decreased $368.4 million, or 6%, in 2014 from 2013. The decrease in metal-adjusted net sales of $368.4 million is primarily due to decreased volume of $125.4 million, unfavorable foreign currency exchange rate changes of $235.8 million on the translation of reported revenues and unfavorable selling price and product mix of $7.2 million. Volume, as measured by metal pounds sold, decreased by 54.3 million pounds, or 4%, in 2014 compared to 2013. Metal pounds sold, a non-GAAP measure, is provided herein as the Company believes this metric to be an appropriate measure of sales volume since it is not impacted by metal prices or foreign currency exchange rate changes.

Metal-adjusted net sales in the North America segment decreased $188.7 million, or 7%. The decrease in sales on a metal adjusted basis is due to decreased volume of $84.5 million, unfavorable selling price and product mix of $73.8 million, and unfavorable foreign currency exchange rate changes of $30.4 million, on the translation of reported revenues, principally related to the Canadian dollar. Volume, as measured by metal pounds sold, decreased by 36.6 million pounds, or 6%, in 2014 compared to 2013. The decrease in demand was primarily due to weak utility and construction spending as a result of the uneven pace of the economic recovery hampering growth in key end-markets. In addition, 2013 reflects a strong contribution from bare aluminum transmission projects as compared to 2014 which vary depending on project timing.

Metal-adjusted net sales in the Europe segment decreased $98.3 million, or 7%. The decrease in sales on a metal adjusted basis is due to decreased volume of $78.1 million, unfavorable selling price and product mix of $17.1 million and unfavorable foreign currency exchange rate changes of $3.1 million on the translation of reported revenues primarily related to the Euro relative to the U.S. dollar. Volume, as measured by metal pounds sold, decreased by 33.8 million pounds, or 14%, in 2014 compared to 2013. The decrease in demand was primarily attributable to continued weak economic conditions in Iberia, which negatively influenced demand across a broad spectrum of products.

Metal-adjusted net sales in the Latin America segment decreased $49.5 million, or 4%. The decrease in sales on a metal adjusted basis is primarily due to unfavorable foreign currency exchange rate changes of $153.9 million on the translation of reported revenues primarily due to the devaluation of the Venezuelan currency relative to the U.S. dollar, partially offset by increased volume of $45.3 million and favorable selling price and product mix of $59.1 million. Volume, as measured by metal pounds sold, increased by 19.6 million pounds, or 7%, in 2014 compared to 2013. The increase in volume is primarily attributable to increased Chilean copper rod sales within the region in 2014.

Metal-adjusted net sales in the Africa/Asia Pacific segment decreased $31.9 million, or 3%. The decrease in sales on a metal adjusted basis is primarily due to unfavorable foreign currency exchange rate changes of $48.4 million on the translation of reported revenues primarily due to the weakening of certain currencies in Africa and Asia Pacific relative to the U.S. dollar and decreased volume of $8.1 million partially offset by favorable selling price and product mix of $24.6 million. Volume, as measured by metal pounds sold, decreased by 3.5 million pounds, or 2%, in 2014 compared to 2013. The decrease in volume was primarily attributable

34

to the decrease in electrical utility projects in northern Africa in 2014 compared to 2013, partially offset by increased export sales from Thailand in 2014.

Cost of Sales

Cost of sales decreased $130.9 million to $5,586.6 million in 2014 from $5,717.5 million in 2013. The percentage decrease in cost of sales, 2%, is less than the percentage decrease in sales, 7%, in 2014 as compared to 2013 primarily due to non-cash long-lived asset-related charges of $117.5 million and employee separation and other costs of $34.2 million both related to the global restructuring plan, $10.1 million of costs related to the permanent closure of two manufacturing facilities in our electric utility business in North America, a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in 2014, a long-lived asset impairment charge of $29.3 million in Venezuela and a $10.3 million charge for the long-term value added tax receivable from the Venezuelan government partially offset by a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in 2013. As previously noted, cost of sales is raw material intensive with copper and aluminum comprising the major cost components in most of the Company's cable products. At current metal prices, material costs are approximately 85% of total product cost with copper and aluminum metal costs comprising approximately 50% of total product cost for the year ended December 31, 2014.

Gross Profit

Gross profit decreased $310.5 million, or 44% in 2014 as compared to 2013. Gross profit as a percentage of sales was 7% in 2014 and 11% in 2013. Gross profit as a percentage of sales decreased primarily due to non-cash long-lived asset-related charges of $117.5 million and employee separation and other costs of $34.2 million both related to the global restructuring plan, $10.1 million of costs related to the permanent closure of two manufacturing facilities in our electric utility business in North America, a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in 2014, a long-lived asset impairment charge of $29.3 million in Venezuela and a $10.3 million charge for the long-term value added tax receivable from the Venezuelan government partially offset by the Company's revised profitability on a project due to the completion of a number of critical project milestones; increasing gross profit $18.3 million in the year ended December 31, 2014, a contractual settlement received in 2014 by our German subsidiary related to a submarine turnkey project of $15.2 million and a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in 2013.

Selling, General and Administrative Expense

Selling, general and administrative expense decreased $41.3 million, or 8%, in 2014 from 2013 primarily due to the Company's efforts to decrease SG&A costs, a $17.6 million pre-tax gain on the sale of PDP and PDEP, $13.9 million of costs related to the restatement and investigative costs recognized in 2013, favorable foreign currency exchange rate changes of $6.8 million in 2013 and a $5.0 million settlement on recovery of losses associated with reported theft of inventory within our Brazilian subsidiary in 2014, partially offset by employee separation and other costs incurred as part of the global restructuring plan of $14.6 million and due to the recognition of a $24.0 million accrual related to the FCPA investigation in Angola. SG&A as a percentage of metal-adjusted net sales was approximately 8% in 2014 and 2013.

Operating Income (Loss)

The following table sets forth operating income (loss) by segment, in millions of dollars.

	Operating Income (Loss) Year Ended
	Dec 31, 2014					Dec 31, 2013
	Amount			%		Amount			%
North America	$	118.5		(38	)%	$	127.5		60	%
Europe	(94.0		)	30	%	(7.8		)	(4	)%
Latin America	(246.6		)	79	%	44.2			21	%
Africa/Asia Pacific	(89.3		)	29	%	47.8			23	%
Total operating income (loss)	$	(311.4	)	100	%	$	211.7		100	%

The decrease in operating income for the North America segment of $9.0 million was primarily due to the recognition of a $24.0 million accrual related to the FCPA investigation in Angola and $10.1 million of costs related to the permanent closure of two manufacturing facilities in our electric utility business in North America in 2014, partially offset by a $17.6 million pre-tax gain on the sale of PDP and PDEP and the benefit of restructuring initiatives.

The increase in operating loss for the Europe segment of $86.2 million was primarily attributable to a non-cash long-lived asset-related charge of $80.1 million and employee separation and other costs of $35.5 million both related to the global restructuring

35

plan partially offset by increased profitability of the submarine turnkey project business in 2014 primarily due to the Company's revised profitability on a project due to the completion of a number of critical project milestones; increasing gross profit $18.3 million in the year ended December 31, 2014, and a contractual settlement received in 2014 by our German subsidiary related to a submarine turnkey project of $15.2 million.

The decrease in operating income for the Latin America segment of $290.8 million was primarily attributable to a non-cash impairment charge related to goodwill and other indefinite-lived trade names of $152.0 million, non-cash long-lived asset-related charges of $20.9 million and employee separation and other costs of $7.8 million both related to the global restructuring plan, a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in 2014, a long-lived asset impairment charge of $29.3 million in Venezuela and a $10.3 million charge for the long-term value added tax receivable from the Venezuelan government and the negative impact due to the social unrest in Venezuela in 2014 partially offset by a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in 2013.

The decrease in operating income for the Africa/Asia Pacific segment of $137.1 million was primarily attributable to a non-cash impairment charge related to goodwill and other indefinite-lived trade names of $96.5 million, non-cash long-lived asset-related charges of $13.3 million and employee separation and other costs of $1.9 million both related to the global restructuring plan.

Other Income (Expense)

Other income and expense primarily includes foreign currency transaction gains or losses, which result from changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated as well as gains and losses on derivative instruments that are not designated as cash flow hedges. During 2014 and 2013, the Company recorded a $212.9 million loss and a $66.7 million loss respectively.

For 2014, other expense was primarily attributable to $83.1 million related to the Venezuela currency devaluation resulting from the remeasurement of the financial results at the 6.30 BsF per U.S. dollar rate to the SICAD 1 rate, $90.2 million related to the Venezuela currency devaluation resulting from the remeasurement of the financial results at the SICAD 1 rate to the SICAD 2 rate, $30.3 million of foreign currency transaction losses, and losses of $4.0 million on derivative instruments which were not designated as cash flow hedges.

For 2013, other expense was primarily attributable to $40.9 million related to the Venezuela currency devaluation, $3.9 million of foreign currency transaction losses which includes $17.0 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to currency devaluation on February 13, 2013, and losses of $21.9 million on derivative instruments that were not designated as cash flow hedges and ineffectiveness on derivatives designated as cash flow hedges.

Interest Expense

Net interest expense decreased $6.2 million in 2014 as compared to 2013 primarily attributable to the repayment at maturity of the $355.0 million 0.875% Convertible Notes due 2013 which were repaid in the fourth quarter of 2013 partially offset by increased working capital needs in Latin America and Africa/Asia Pacific.

Tax Provision

The Company’s effective tax rate for 2014 and 2013 was (1.3%) and 143.7%, respectively. The Company’s low 2014 effective tax rate was primarily due to a relatively small income tax benefit recorded on the significant pre-tax charges related to asset impairments, restructuring charges, Venezuelan currency devaluation loss, and other operating losses incurred in jurisdictions where valuation allowances are recorded against net deferred tax assets. The Company's high effective tax rate for 2013 reflects the combined impact of significant valuation allowances recorded against deferred tax assets in various units with a recent loss history and a relatively low pre-tax income amount.

For the year ended December 31, 2014, the Company recognized a goodwill impairment charge of $155.1 million for which no tax benefit was recorded due to the non-deductibility of goodwill in the relevant taxing jurisdictions. In addition, due primarily to the valuation allowances recorded in various business units, relatively small tax benefits were recorded for the $93.4 million impairment charge for the indefinite-lived trade name associated with the PDIC reporting unit, the $42.4 million impairment charge related to the Company’s long-lived assets, and the $166.3 million restructuring charges related to the July 2014 restructuring plan. In addition, no tax benefits were recorded for the $173.3 million non-deductible Venezuelan currency devaluation losses.

During 2014, after weighing all positive and negative evidence, including three year cumulative loss positions, forecasted future profitability, impairments and restructuring charges, difficult market and industry conditions, and factoring in prudent and feasible tax planning strategies, valuation allowances were recorded against deferred tax assets of certain business units that did not have deferred tax valuation allowances prior to 2014. Specifically, valuation allowances have been recorded against the December 31,

36

2014 deferred tax assets of the following business units: Venezuela ($10.7 million), Brazil ($8.4 million), Spain ($10.9 million) and Colombia ($2.3 million). In addition, several other business units maintained full deferred tax asset valuation allowances that had been established in prior years, some for which the valuation allowance amounts increased significantly due to impairments, restructuring charges and operating losses.

Preferred Stock Dividends

During 2013, the Company accrued and paid $0.3 million in dividends on its Series A preferred stock. The Company's outstanding shares of the Series A preferred stock were mandatorily redeemed on November 24, 2013. Prior to the redemption date, all but two shareholders elected to convert their shares into shares of the Company’s common stock at the conversion ratio of 5.056 shares of common stock per share of Series A preferred stock.  As a result of the conversions and mandatory redemption, as of November 25, 2013, no shares of the Series A preferred stock were outstanding during 2014.

Year Ended December 31, 2013 Compared with Year Ended December 31, 2012

Net Sales

The following tables set forth net sales, metal-adjusted net sales and metal pounds sold by segment, in millions. For the metal-adjusted net sales results, net sales for 2012 have been adjusted to reflect the 2013 copper average price of $3.34 per pound (a $0.28 decrease compared to 2012) and the aluminum average price of $0.95 per pound (a $0.07 decrease compared to 2012). Metal-adjusted net sales, a non-GAAP financial measure, are provided herein in order to eliminate the effect of metal price volatility from the comparison of revenues from one period to another. The comparable GAAP financial measure is set forth below. Refer to Item 1 - Business– Significant Current Business Trends and Events for a discussion of metal price volatility.

	Net Sales Year Ended
	Dec 31, 2013				Dec 31, 2012
	Amount		%		Amount		%
North America	$	2,751.6	43	%	$	2,340.2	39	%
Europe	1,448.7		23	%	1,506.2		25	%
Latin America	1,211.9		18	%	1,214.5		20	%
Africa/Asia Pacific	1,009.0		16	%	998.6		16	%
Total net sales	$	6,421.2	100	%	$	6,059.5	100	%

	Metal-Adjusted Net Sales Year Ended
	Dec 31, 2013				Dec 31, 2012
	Amount		%		Amount		%
North America	$	2,751.6	43	%	$	2,266.0	39	%
Europe	1,448.7		23	%	1,459.5		25	%
Latin America	1,211.9		18	%	1,162.0		20	%
Africa/Asia Pacific	1,009.0		16	%	956.3		16	%
Total metal-adjusted net sales	$	6,421.2	100	%	$	5,843.8	100	%
Metal adjustment	—				215.7
Total net sales	$	6,421.2			$	6,059.5

	Metal Pounds Sold Year Ended
	Dec 31, 2013			Dec 31, 2012
	Pounds	%		Pounds	%
North America	590.0	45	%	432.1	38	%
Europe	234.2	18	%	245.5	21	%
Latin America	287.9	22	%	287.5	25	%
Africa/Asia Pacific	200.9	15	%	183.1	16	%
Total metal pounds sold	1,313.0	100	%	1,148.2	100	%

37

Net sales increased $361.7 million, or 6%, to $6,421.2 million in 2013 from 2012 and metal-adjusted net sales increased $577.4 million, or 10%, in 2013 from 2012. The increase in metal-adjusted net sales of $577.4 million reflects an increase in net sales of $684.1 million attributable to acquisitions made in 2012 and favorable selling price and product mix of $116.2 million partially offset by lower sales volume of $116.1 million and unfavorable foreign currency exchange rate changes of $106.8 million. Volume, as measured by metal pounds sold, increased by 164.8 million pounds, or 14%, in 2013 compared to 2012. Metal pounds sold is provided herein as the Company believes this metric to be a consistent year over year measure of sales volume since it is not impacted by metal prices or foreign currency exchange rate changes.

Metal-adjusted net sales in the North America segment increased $485.6 million, or 21%, principally due to net sales of $491.8 million attributable to acquisitions made in 2012 and favorable selling price and product mix of $28.4 million partially offset by lower sales volumes of $25.2 million and unfavorable foreign currency exchange rate changes of $9.4 million, principally related to the Canadian dollar. Volume, as measured by metal pounds sold, increased by 157.9 million pounds, or 37%, in 2013 compared to 2012. The increase in volume is primarily attributable to 168.7 million pounds sold related to acquisitions made in 2012 partially offset by a decline in sales of the Company's legacy utility cables business due to strong demand for utility cables in the first half of 2012, which benefited from a relatively mild winter and wind farm applications.

Metal-adjusted net sales in the Europe segment remained relatively flat in 2013 compared to 2012 due to unfavorable selling price and product mix of $33.4 million and lower sales volumes of $26.4 million partially offset by favorable foreign currency exchange rate changes of $49.0 million, primarily due to a stronger Euro relative to the U.S. dollar. Volume, as measured by metal pounds sold, decreased by 11.3 million pounds, or 5%, in 2013 compared to 2012. The decrease in demand was primarily attributable to continued weak economic conditions in Iberia, which negatively influenced demand across a broad spectrum of products and due to a decrease in demand for high voltage export project activities in the Company's French business.

Metal-adjusted net sales in the Latin America segment increased $49.9 million, or 4%, due to favorable selling price and product mix of $126.9 million and net sales of $97.3 million attributable to acquisitions made in 2012 partially offset by unfavorable foreign currency exchange rate changes of $116.6 million, primarily due to the weakening of certain currencies in Central and South America relative to the U.S. dollar, and lower sales volume of $57.7 million. Volume, as measured by metal pounds sold, remained relatively flat in 2013 compared to 2012. Volume increased due to 25.1 million pounds related to the impact of the acquisitions made in 2012 partially offset by lower shipments for metal intensive Brazilian aerial transmission projects in 2013 as compared to 2012.

Metal-adjusted net sales in the Africa/Asia Pacific segment increased $52.7 million, or 6%, due to net sales of $95.0 million attributable to acquisitions made in 2012 partially offset by unfavorable foreign currency exchange rate changes of $29.8 million, primarily due to the weakening of certain currencies in Africa and Asia Pacific relative to the U.S. dollar, unfavorable selling price and product mix of $5.7 million and lower sales volume of $6.8 million. Volume, as measured by metal pounds sold, increased by 17.8 million pounds, or 10%, in 2013 compared to 2012. The increase in volume is primarily attributable to 20.7 million pounds related to the impact of the acquisitions made in 2012.

Cost of Sales

Cost of sales increased $282.9 million, or 5%, from 2012, principally due to higher sales volumes associated with acquisitions made in the second half of 2012. The increase is partially offset by lower average copper and aluminum costs in 2013. As previously noted, cost of sales is raw material intensive with copper and aluminum comprising the major cost components in most of the Company's cable products. At current metal prices, material costs are approximately 85% of total product costs with copper and aluminum metal costs comprising approximately 55% of total product cost for the year ended December 31, 2013.

Gross Profit

Gross profit increased $78.8 million, or 13% in 2013 as compared to 2012. Gross profit as a percentage of sales was 11% in 2013 and 10% in 2012. The increase is primarily due to the acquisitions completed in the second half of 2012 partially offset by the recognition of a non-cash impairment charge related to the Mexico long-lived assets of $14.0 million in 2013. In addition, gross profit in the fourth quarter of 2012 was significantly impacted by changes in cost estimates relating to certain submarine turnkey projects in the European segment. In total, the changes in estimates across all submarine turnkey projects resulted in a reduction to gross profit of $27.5 million, with $20.8 million of the reduction associated with one specific project at the Company's German submarine power cable manufacturing facility. Equipment failure at the German facility resulted in costs, for this particular project, related to cable damage, equipment repairs and ship rental of $13.3 million. Further revision of this project's profitability, due to changes in estimates, resulted in a reduction of margin by $7.5 million. There was no material impact to gross profit as a result of changes in estimates related to revenue recognition under the percentage of completion method in 2013.

Selling, General and Administrative Expense

Selling, general and administrative expense increased $66.5 million, or 16%, in 2013 from 2012. The increase in selling, general, and administrative expense is primarily a result of additional expenses associated with the acquired businesses in the second half

38

of 2012 and $13.9 million of costs related to the restatement and investigative costs recognized in 2013 as compared to $3.0 million in 2012. The increase is partially offset by a settlement loss of $6.1 million in 2012 associated with the termination of a legacy pension plan in the United Kingdom.

Operating Income

The following table sets forth operating income by segment, in millions of dollars.

	Operating Income (Loss) Year Ended
	Dec 31, 2013					Dec 31, 2012
	Amount			%		Amount			%
North America	$	127.5		60	%	$	124.0		62	%
Europe	(7.8		)	(4	)%	(24.1		)	(12	)%
Latin America	44.2			21	%	67.2			34	%
Africa/Asia Pacific	47.8			23	%	32.3			16	%
Total operating income	$	211.7		100	%	$	199.4		100	%

The increase in operating income for the North America segment of $3.5 million was primarily attributable to the acquisitions completed in the second half of 2012 resulting in an additional $33.9 million of operating income in 2013 as compared to 2012 partially offset by the decrease in demand as noted above as well as $13.9 million of costs related to the restatement and investigative costs recognized in 2013 as compared to $3.0 million in 2012.

The reduction in operating loss for the Europe segment of $16.3 million was primarily attributable to changes in cost estimates relating to certain submarine turnkey projects of $27.5 million recognized in 2012. This improvement in 2013 was partially offset by decreased volume at the Company's French manufacturing facility as noted above, an unfavorable pricing environment for medium voltage products in France as well as the continued weak economic conditions in Iberia, influencing demand and the pricing environment across a broad spectrum of products.

The decrease in operating income for the Latin America segment of $23.0 million was primarily attributable to the recognition of a non-cash impairment charge related to the Mexico long-lived assets of $14.0 million in 2013 as well as decreased demand in Brazil in 2013 as compared to 2012 as noted above.

The increase in operating income for the Africa/Asia Pacific segment of $15.5 million was primarily attributable to the acquisitions completed in the second half of 2012 resulting in an additional $11.1 million of operating income in 2013 as compared to 2012.

Other Income (Expense)

Other income (expense) primarily includes foreign currency transaction gains or losses, which result from changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated as well as gains and losses on derivative instruments that are not designated as cash flow hedges. During 2013 and 2012, the Company recorded a $66.7 million loss and a $2.9 million loss, respectively. For 2013, other expense was primarily attributable to $40.9 million related to a Venezuela currency devaluation, $3.9 million of foreign currency transaction losses which resulted from changes in exchange rates in the various regions in which the Company operates which include $17.0 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to currency devaluation on February 13, 2013, and losses of $21.9 million on derivative instruments which were not designated as cash flow hedges and ineffectiveness on derivatives designated as cash flow hedges. For 2012, other expense was primarily attributable to $4.5 million of foreign currency transaction losses which resulted from changes in exchange rates in the various countries in which the Company operates and gains of $1.6 million on derivative instruments that were not designated as cash flow hedges and ineffectiveness on derivatives designated as cash flow hedges.

Interest Expense

Net interest expense increased $17.7 million in 2013 as compared to 2012 primarily attributable to the incremental interest related to the $600.0 million 5.75% Senior Notes issued on September 25, 2012 net of the $200.0 million of 7.125% Senior Notes due 2017 which were repaid on October 12, 2012.

Tax Provision

The Company’s effective tax rate for 2013 and 2012 was 143.7% and 90.4%, respectively. The increase in the Company's 2013 effective tax rate reflects the combined impact of the significant valuation allowances recorded against the deferred tax assets of various units with a recent loss history and the lower consolidated pre-tax income relative to 2012. The Company's 2012 effective

39

tax rate reflects the adverse impact of significant valuation allowances recorded against deferred tax assets, as explained further below, and nonrecurring tax charges incurred in connection with legal entity restructuring to integrate the Alcan acquisition.

In the third quarter of 2012, the Company updated its 2012 forecasts and substantially completed its 2013 global business planning process, which indicated continuing weakness in its Iberian market and business. After weighing all positive and negative evidence, including the three year cumulative loss position, and factoring in prudent and feasible tax  planning strategies, management judged that it was not more likely than not that a future tax benefit for the deferred tax assets of its Spanish and Portuguese business units would be realized. Tax expense of $15 million was recorded in 2012 to establish a full valuation allowance against Spanish and Portuguese deferred tax assets, of which $5.3 million related to the beginning of the year net deferred tax asset position.

In the fourth quarter of 2012, a valuation allowance was also recorded against deferred tax assets in the Company's German business unit. The German business unit incurred an equipment failure in the fourth quarter that adversely impacted its ability to meet its contractual obligations for its large project work and reduced profit expectations. In addition, the German business was encountering certain other project delay/cancellation and warranty issues. After weighing all positive and negative evidence, including the three year cumulative loss position, and factoring in prudent and feasible tax planning strategies, management judged that it was not more likely than not that a future tax benefit for the deferred tax assets of its German business would be realized. Tax expense of $8.3 million was recorded in 2012 to establish a full valuation allowance against German deferred tax assets, none of which related to a beginning of the year net deferred tax asset position.

A full valuation allowance was recorded in the fourth quarter of 2012 for the Company's Colombian distribution business since it was rendered redundant by the fourth quarter acquisition of Procables. The Colombian distribution business is winding down and is expected to generate losses until the business is terminated. Tax expense of $1.1 million was recorded in 2012 to establish a full valuation allowance against the Colombian deferred tax assets, of which $0.2 million related to the beginning of the year net deferred tax asset position.

Preferred Stock Dividends

During 2013 and 2012, the Company accrued and paid $0.3 million in dividends on its Series A preferred stock.

The Company issued 2,070,000 shares of General Cable 5.75% Series A Redeemable Convertible Preferred Stock (“Series A preferred stock”) on November 24, 2003. Zero shares and 76,002 were outstanding under the original terms of the Series A preferred stock issuance as of December 31, 2013 and 2012, respectively. The Company’s outstanding shares of the Series A preferred stock were to be mandatorily redeemed on November 24, 2013. Prior to the redemption date, all but two shareholders elected to convert their shares into shares of the Company’s common stock at the conversion ratio of 5.056 shares of common stock per share of Series A preferred stock.  As a result of the conversions and mandatory redemption, as of November 25, 2013, no shares of the Series A preferred stock were outstanding.

Liquidity and Capital Resources

Cash flows from operations as well as borrowings under our Revolving Credit Facility provide the primary source for financing operating expenses and other short term liquidity needs. As necessary the Company incurs additional borrowings to fund working capital needs, debt and interest payments, as well as discretionary investment in internal product development, acquisitions, cash dividends, repurchase of common stock and to fund tax payments. The overall cash position of the Company reflects the business results and a global cash management strategy that incorporates liquidity management, economic factors, and tax considerations.

The Company's short term borrowings vary by period based on the Company's working capital requirements which is dependent on incremental demand for products and changes in the price of copper, aluminum, and other raw material cost inputs. At December 31, 2014, current assets exceeded current liabilities by $913.3 million. Based upon historical experience, the cash on its balance sheet and the expected availability of funds under its credit facilities, the Company believes its sources of liquidity will be sufficient to enable it to meet funding requirements for cash dividends, working capital, capital expenditures, debt repayment, salaries and related benefits, interest and taxes for the next twelve months and foreseeable future. The Company maintains approximately $550 million of excess availability under its various credit facilities around the world. The Company intends to repay its $125.0 million of Senior Floating Rate Notes at maturity by utilizing availability under its Revolving Credit Facility.

The Company's North American and principal European operations generally borrow and repay under its Revolving Credit Facility multiple times per week for working capital needs; borrowing on a short term basis is the most effective method to reduce interest costs based on the terms of the agreement. The Company's European operations also participate in accounts payable confirming arrangements with several European financial institutions to address working capital requirements in the business. At December 31, 2014, the arrangements had a maximum availability limit of the equivalent of approximately $334.3 million, of which approximately

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$183.2 million was utilized. The Company's Latin America and Africa/Asia Pacific operations utilize various short term credit facilities for working capital purposes.

General Cable Corporation is a holding company with no operations of its own. All of the Company’s operations are conducted, and net sales are generated, by its subsidiaries and investments. Accordingly, the Company’s cash flow comes from the cash flows of its global operations. The Company’s ability to use cash flow from its international operations, if necessary, has historically been adversely affected by limitations on the Company’s ability to repatriate such earnings tax efficiently. As of December 31, 2014 and 2013, approximately 99% of cash and cash equivalents were held outside of the U.S. by our foreign subsidiaries. If these funds are needed for the Company's operations in the U.S., the Company would be required to accrue and pay U.S. taxes to repatriate these funds. However, the Company does not demonstrate a need to repatriate this cash to fund U.S. operations. In addition, our Revolving Credit Facility provides the Company flexibility in financing operating expenses and any other short term liquidity needs of our North American and European operations.

Our operations in Venezuela are subject to foreign exchange and price controls which have historically limited the Company’s ability to convert bolivars to U.S. dollars and transfer funds out of Venezuela. Approximately 15% and 46% of the consolidated cash balance as of December 31, 2014 and 2013, respectively, was held in Venezuela. Operating cash flows attributable to Venezuela were $26.2 million and $97.4 million for the years ended December 31, 2014 and 2013, respectively. The Company's overall operating cash flows were $133.2 million and $38.2 million for the years ended December 31, 2014 and 2013, respectively. The Company does not consider the net assets of Venezuela to be integral to the Company's ability to service its debt and operational requirements.

Summary of Cash Flows

Operating cash inflow of $133.2 million in 2014 reflects a net working capital source of $55.4 million driven principally by a decrease in inventory of $110.8 million due to the achievement of an aggressive inventory reduction targeted by management in the latter portion of the year and the lower copper costs at December 31, 2014 compared to December 31, 2013, partially offset by a decrease in accounts payable of $79.5 million in 2014 which is primarily driven by the decrease in working capital needs. Inventory turnover remained consistent at 4.5 turns per annum in 2014 as compared to 4.4 turns per annum in 2013. The decrease in accounts payable, accrued and other liabilities in 2014 of $79.5 million was less than the decrease in 2013 of $155.8 million due in part to to the recognition of the restructuring accrual of $33.4 million and the FCPA accrual of $24.0 million in 2014. Overall, the use of net working capital was partially offset by the generation of cash inflows of $77.8 million related to net income (loss) adjusted for depreciation and amortization, amortization on restricted stock awards, foreign currency exchange (gains) losses, deferred income tax income, goodwill and intangible asset impairment charges, non-cash inventory impairment charges, non-cash asset impairment charges, convertible debt instrument non-cash interest charges, and gains on disposal of PDP and PDEP and other property.

Operating cash inflow of $38.2 million in 2013 reflects a net working capital use of $179.6 million driven principally by a decrease in accounts payable, accrued liabilities and other liabilities of $155.8 million. The decrease in accounts payable, accrued and other liabilities is due both to the implementation of the Revolving Credit Facility in the Company’s principal European operations which resulted in a reduction of payable balances including a more effective use of existing cash balances and an effort to more effectively utilize cash balances in certain Latin America and Africa/Asia Pacific units to reduce outstanding accounts payable. Accounts receivable turnover remained consistent at 5.5 per annum turns in 2013 as compared to 5.4 turns per annum 2012. Inventory turnover remained consistent at 4.4 turns per annum in 2013 as compared to 4.3 turns per annum in 2012. More than offsetting the net working capital use of $179.6 million in the twelve fiscal months of 2013 was $217.8 million of overall net cash inflows related to net income (loss) adjusted for depreciation and amortization, amortization on restricted stock awards, foreign currency loss, non-cash asset impairment charge, deferred income tax income, convertible debt instrument non cash interest charges, and the losses on the disposal of property.

Operating cash inflow of $272.6 million in 2012 reflects a net working capital source of $94.7 million driven principally by decreases in inventories and receivables of $105.9 million and $35.1 million, respectively. The decrease in inventory is primarily attributable to the impact of lower average metal prices during 2012 as compared to 2011. For the year ended December 31, 2012, copper prices averaged $3.62 per pound (a decrease of $0.39 per pound compared to the same period in 2011) and aluminum prices averaged $1.02 per pound (a decrease of $0.14 per pound as compared to the same period in 2011). Inventory turns remained consistent at 4.3 in 2012 and 4.4 in 2011. The decrease in accounts receivable is primarily attributable to the Company's continued focus on improvement by efficiently managing working capital. Days sales outstanding remained consistent year over year at approximately 70 days. In addition to the net working capital source of cash in the twelve fiscal months of 2012 was $177.9 million of overall net cash inflows related to net income adjusted for non-cash items included in net income (loss) such as depreciation and amortization, amortization on restricted stock awards, foreign currency loss, loss on extinguishment of debt, deferred income tax income, excess tax deficiencies from stock based compensation, convertible debt instrument non cash interest charges, and the loss on the disposal of property.

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Cash flow used by investing activities was $16.0 million in 2014 principally reflecting capital expenditures of $89.6 million partially offset by the proceeds from the sale of PDP and PDEP of $52.4 million and other property of $21.4 million. The Company currently anticipates capital spending to be approximately $40 million to $50 million in 2015.

Financing activities resulted in $123.1 million of cash outflows in 2014 as compared to cash outflows of $122.4 million in 2013.

The Company decreased borrowings on the Revolving Credit Facility due to reductions in working capital and the use of cash proceeds generated from the sale of the Company’s interest in the Philippines in 2014. During the year ended December 31, 2014 and 2013, the Company paid dividends in total of approximately $35.4 million and $26.7 million to all common shareholders of record, respectively. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors. In determining dividends, the Board of Directors takes into consideration items such as general business conditions, financial performance, projected cash flows and anticipated financing needs. Future payments of dividends are also subject to the Company's Revolving Credit Facility, the indentures governing the Subordinated Convertible Notes, Senior Floating Rate Notes and 5.75% Senior Notes, and the requirements of the Delaware General Corporation law. In addition, the Company purchased $30.7 million, or 1,000,000 of its common shares at an average price of $30.73 per share, during the year ended December 31, 2014. The Company purchased $19.5 million, or 597,531 common shares at an average price of $32.65 per share, during the year ended December 31, 2013. The Company evaluates various factors such as future operating cash flow requirements, other cash flow expectations, investment and financing strategic plans and the overall cost of capital to determine the appropriate levels of short and long-term debt to maintain. Refer to "Debt and Other Contractual Obligations" below for details.

Debt and Other Contractual Obligations

The Company had outstanding debt obligations of $1,337.4 million as of December 31, 2014 and maintained approximately $550 million of excess availability under its various credit facilities around the world as well as approximately $150 million available under foreign accounts payable confirming arrangements with financial institutions. The Company utilizes short and long-term debt to address working capital needs, debt repayments and interest payments as well as discretionary investments in internal product development, acquisitions, payment of dividends, repurchase of common stock and taxes. Short-term liquidity and working capital needs are generally supported through operating cash flows. The Company maintains ratings on its public debt; therefore, the Company has and expects to continue to obtain market rates on any new borrowings.

On July 21, 2011, the Company entered into a $400 million Revolving Credit Facility, which was first amended in 2012 to increase the facility size to $700 million and then subsequently amended and restated on September 6, 2013 and further amended on October 22, 2013, May 20, 2014, September 23, 2014 and October 28, 2014, to, among other things, increase the Revolving Credit Facility to $1.0 billion, $630 million of which may be borrowed by the U.S. borrower, $300 million of which may be borrowed by the European borrowers and $70 million of which may be borrowed by the Canadian borrower. The Revolving Credit Facility contains restrictions including limitations on, among other things, distributions and dividends, acquisitions and investments, indebtedness, liens and affiliate transactions. The Revolving Credit Facility provides the Company with flexibility and the restrictions in the Revolving Credit Facility generally only apply in the event that the Company's availability under the Revolving Credit Facility falls below certain specific thresholds.

The Revolving Credit Facility has a maturity date of September 6, 2018. The maturity date of the Revolving Credit Facility would have automatically become due December 31, 2014, if the Company's Senior Floating Rate Notes were not refinanced with indebtedness that matures or is mandatorily redeemable or is redeemable at the option of the holders thereof not earlier than the date that is 6 months after September 6, 2018 unless, if such notes were not refinanced, there was at least $100 million of availability under the Revolving Credit Facility and the fixed charge coverage ratio (as defined in the Revolving Credit Facility) was not less than 1.15 to 1.00, in each case after giving pro forma effect to the repayment of such notes. In the fourth quarter, the Company obtained a limited waiver eliminating the pro forma effect to the repayment of the notes for the calculation of the fixed charge coverage ratio. Based on the modified calculation the Company was in compliance as of December 31, 2014. The fixed charge coverage ratio was 1.29 to 1.00 at December 31, 2014. The commitment amount under the Revolving Credit Facility may be increased by an additional $250 million, subject to certain conditions and approvals as set forth in the Revolving Credit Facility. The Company capitalized $4.9 million in 2013 and $2.3 million in 2012 in deferred financing costs in connection with the Revolving Credit Facility. The Revolving Credit Facility requires maintenance of a minimum fixed charge coverage ratio of 1.00 to 1.00 if availability under the Revolving Credit Facility is less than the greater of $100 million or 10% of the then existing aggregate lender commitment under the Revolving Credit Facility.

Failure to comply with any of the covenants, financial tests and ratios required by the Company's existing or future debt obligations could result in a default under those agreements and under other agreements containing cross-default provisions, as defined in the Company's Revolving Credit Facility, Subordinated Convertible Notes, Senior Floating Rate Notes, 5.75% Senior Notes and various other credit facilities maintained by the Company's subsidiaries. A default would permit lenders to cease making further extensions of credit, accelerate the maturity of the debt under these agreements and foreclose upon any collateral securing that debt. Indebtedness under the Company's Revolving Credit Facility is secured by: (a) for US borrowings under the Revolving

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Credit Facility, a first priority security interest in substantially all of the Company's domestic assets and, (b) for Canadian and European borrowings under the Revolving Credit Facility, a first priority security interest in substantially all of the Company's domestic and Canadian assets and certain assets of the Company's Spanish, French and German subsidiaries party to the Revolving Credit Facility.   In addition, the lenders under the Company's Revolving Credit Facility have received a pledge of (i) 100% of the equity interests in substantially all of the Company's domestic subsidiaries, and (ii) 65% of the voting equity interests in and 100% of the non-voting equity interests in certain of the Company's foreign subsidiaries, including the Company's Canadian subsidiaries and the Company's Spanish, French and German subsidiaries party to the Revolving Credit Facility. The Company also has incurred secured debt in connection with some of its European operations. The lenders under these European secured credit facilities also have liens on assets of certain of our European subsidiaries. As a result of these pledges and liens, if the Company fails to meet its payment or other obligations under any of its secured indebtedness, the lenders under the applicable credit agreement would be entitled to foreclose and liquidate substantially all of the Company's assets. Broadly, cross-default provisions would permit lenders to cause such indebtedness to become due prior to its stated maturity in the event a default is not cured for a period of time under the terms of one or more financing agreements, or a change in control or a fundamental change occurs.

As of December 31, 2014 and December 31, 2013, the Company was in compliance with all material debt covenants.

The Company’s defined benefit plans at December 31, 2014 and 2013 were underfunded by $155.3 million and $118.3 million, respectively. The Company recorded an after-tax loss of $25.7 million in 2014 and an after-tax gain of $32.0 million in 2013 to accumulated other comprehensive income. The Company estimates its 2015 pension expense for its defined benefit pension plans will be approximately $17.8 million and cash contributions are expected to be approximately $11.9 million. In 2014, pension expense was $15.4 million and cash contributions were $8.6 million.

The Company anticipates being able to meet its obligations as they come due based on historical experience and the expected availability of funds under its credit facilities. The Company’s contractual obligations and commercial commitments as of December 31, 2014 (in millions of dollars) are summarized below:

	Payments Due by Period
			Less than		1 – 3		4 – 5		More than
Contractual obligations (1,2):	Total		1 Year		Years		Years		5 Years
Total debt	$	1,337.4	$	403.5	$	14.8	$	138.5	$	780.6
Convertible debt at maturity (3)	259.7		—		—		—		259.7
Interest payments on Senior Floating Rate Notes	0.7		0.7		—		—		—
Interest payments on 5.75% Senior Notes	267.4		34.5		69.0		69.0		94.9
Interest payments on Subordinated Convertible Notes	201.6		19.3		38.6		38.6		105.1
Operating leases (4)	130.1		37.3		58.7		24.7		9.4
Purchase obligations (5)	11.6		11.6		—		—		—
Defined benefit pension obligations (6)	190.0		22.2		35.3		36.0		96.5
Postretirement benefits	7.3		1.0		1.7		1.3		3.3
Restructuring activities	33.4		33.4		—		—		—
Unrecognized tax benefits, including interest and penalties (7)	—		—		—		—		—
Total	$	2,439.2	$	563.5	$	218.1	$	308.1	$	1,349.5

(1) This table does not include interest payments on General Cable’s revolving credit facilities because the future amounts are based on variable interest rates and the amount of the borrowings under the Revolving Credit Facility fluctuate depending upon the Company’s working capital requirements.

(2) This table does not include derivative instruments as the ultimate cash outlays cannot be reasonably predicted. Refer to Note 11 - Financial Instruments and Item 7A - Quantitative and Qualitative Disclosures about Market Risk for additional information.

(3) Represents the current debt discount on the Company’s Subordinated Convertible Notes as a result of adopting provisions of ASC 470 - Debt. Refer to Note 2 - Summary of Significant Accounting Policies for additional information.

(4) Operating lease commitments are described under “Off Balance Sheet Assets and Obligations.”

(5) Represents our firm purchase commitments on our forward pricing agreements as disclosed in Note 11 - Financial Instruments.

(6) Defined benefit pension obligations reflect actuarially projected benefit payments which may differ from funding requirements based on local laws and regulations through 2023.

(7) Unrecognized tax benefits of $31.6 million have not been reflected in the above table due to the inherent uncertainty as to the amount and timing of settlement, which is contingent upon the occurrence of possible future events, such as examinations and determinations by various tax authorities.

Off Balance Sheet Assets and Obligations

General Cable has entered into various leases related principally to certain administrative, manufacturing and distribution facilities and transportation equipment. Future minimum rental payments required under non-cancelable lease agreements at December 31, 2014 were as follows: 2015 — $37.3 million, 2016 — $31.7 million, 2017 — $27.0 million, 2018 — $17.9 million, 2019 — $6.8 million and thereafter $9.4 million. Rental expense recorded in income from continuing operations was $45.3 million, $47.0 million and $29.8 million for the years ended December 31, 2014, 2013 and 2012, respectively.

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As of December 31, 2014, the Company had $75.1 million in letters of credit, $190.2 million in various performance bonds and $243.1 million in other guarantees outstanding. Other guarantees include bank guarantees and advance payment bonds. These letters of credit, performance bonds and guarantees are periodically renewed and are generally related to risk associated with self-insurance claims, defined benefit plan obligations, contract performance, quality and other various bank and financing guarantees. Advance payment bonds are often required by customers when the Company obtains advance payments to secure the production of cable for long-term contracts. The advance payment bonds provide the customer protection on their deposit in the event that the Company does not perform under the contract. See "Liquidity and Capital Resources" for excess availability under the Company’s various credit borrowings.

Environmental Matters

The Company’s expenditures for environmental compliance and remediation amounted to approximately $5.8 million, $3.6 million and $3.5 million in 2014, 2013 and 2012, respectively. In addition, certain General Cable subsidiaries have been named as potentially responsible parties in proceedings that involve environmental remediation. The Company has accrued $4.5 million at December 31, 2014 for all environmental liabilities. Environmental matters are described in Item 1 - Business, Item 3 - Legal Proceedings and Note 19 - Commitments and Contingencies. While it is difficult to estimate future environmental liabilities, the Company does not currently anticipate any material adverse effect on results of operations, cash flows or financial position as a result of compliance with federal, state, local or foreign environmental laws or regulations or remediation costs.

Legal Matters

Refer to Note 19 - Commitments and Contingencies for review of our litigation contingencies.

Critical Accounting Policies and Estimates

The Company’s Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America. A summary of significant accounting policies is provided in Note 2 - Summary of Significant Accounting Policies. The application of these policies requires management to make estimates and judgments that affect the amounts reflected in the consolidated financial statements. Management bases its estimates and judgments on historical experience, information that is available to management about current events and actions the Company may take in the future and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. In addition, significant estimates and judgments include allowances for accounts receivable and deferred income taxes; legal, environmental, and asbestos liabilities; inventory costing and valuation; share-based compensation; uncertain tax positions; assets and obligations related to pension and other postretirement benefits; goodwill; intangible and long-lived asset valuations; financial instruments; and revenue recognized under the percentage-of-completion method. There can be no assurance that actual results will not differ from these estimates.

Revenue Recognition

The majority of the Company’s revenue is recognized when goods are shipped to the customer, title and risk of loss are transferred, pricing is fixed or determinable and collectability is reasonably assured. Most revenue transactions represent sales of inventory. A provision for payment discounts, product returns, warranty and customer rebates is estimated based upon historical experience and other relevant factors and is recorded within the same period that the revenue is recognized. The Company has a portion of long-term product installation contract revenue that is recognized based on the percentage-of-completion method generally based on the cost-to-cost method if there are reasonably reliable estimates of total revenue, total cost, and the extent of progress toward completion; and there is an enforceable agreement between parties who can fulfill their contractual obligations. Management reviews contract price and cost estimates periodically as the work progresses and reflects adjustments proportionate to the percentage-of-completion to income in the period when those estimates are revised. For these contracts, if a current estimate of total contract cost indicates a loss on a contract, the projected loss is recognized in full when determined.

Accounts Receivable

The accounts receivable balance is recorded at the stated amount, less allowances for doubtful accounts, price discounts, and returns. At the time of the sale and at each quarter, the Company evaluates the accounts receivable balance to determine a best estimate for doubtful accounts, price discounts, and returns. The Company reviews general historical trends in the account, customer overdue balances, high risk accounts that have been specifically identified based on historical and current customer patterns, contractual obligations, and current economic conditions to determine an estimate for these allowances.

Inventory Costing and Valuation

The Company values approximately 86% of the Company's inventory using the average cost method and all remaining inventories are valued using the first-in, first-out (FIFO) method. To determine if a lower of cost or market adjustment is required the Company evaluates evidence to indicate if the cost will be recovered with an approximately normal profit upon sale in the ordinary course

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of business based on product groupings within the reportable segments. Metal costs, particularly copper and aluminum costs, are significant to our overall costs in inventory. Factors such as technological innovations, future demand trends, pricing environment, inventory levels and turns and specific identification of inventory items, such as regulatory-related changes or changes in engineering or material, are considered in the obsolete and slow moving inventory analysis.

Pension Accounting

General Cable provides retirement benefits through contributory and non-contributory qualified and non-qualified defined benefit pension plans covering eligible domestic and international employees as well as through defined contribution plans and other postretirement benefits. Benefits under General Cable’s qualified U.S. defined benefit pension plan generally are based on years of service multiplied by a specific fixed dollar amount, and benefits under the Company’s qualified non-U.S. defined benefit pension plans generally are based on years of service and a variety of other factors that can include a specific fixed dollar amount or a percentage of either current salary or average salary over a specific period of time. The amounts funded for any plan year for the qualified U.S. defined benefit pension plan are neither less than the minimum required under federal law nor more than the maximum amount deductible for federal income tax purposes. General Cable’s non-qualified unfunded U.S. defined benefit pension plans include a plan that provides defined benefits to select senior management employees beyond those benefits provided by other programs. The Company’s non-qualified unfunded non-U.S. defined benefit pension plans include plans that provide retirement indemnities to employees. Pension obligations for the non-qualified unfunded defined benefit pension plans are provided for by book reserves and are based on local practices and regulations of the respective countries. General Cable makes cash contributions for the costs of the non-qualified unfunded defined benefit pension plans as the benefits are paid.

Benefit costs for the defined benefit pension plans sponsored by General Cable are determined based principally upon certain actuarial assumptions, including the discount rate and the expected long-term rate of return on plan assets. The weighted-average discount rate used to determine the net pension expense for 2014 was 4.85% for the U.S. defined benefit pension plans. The weighted-average discount rate as of December 31, 2014 that was used to determine benefit obligations was 4.02% for the U.S. defined benefit pension plans, and was determined based on a review of long-term bonds that receive one of the two highest ratings given by a recognized rating agency which are expected to be available during the period to maturity of the projected pension benefit obligations and based on information received from actuaries. The weighted-average discount rate used to determine the net pension cost for 2014 was 4.27% for the non-U.S. defined benefit pension plans. Non-U.S. defined benefit pension plans followed a similar evaluation process based on financial markets in those countries where General Cable provides a defined benefit pension plan, and the weighted-average discount rate used to determine benefit obligations for General Cable’s non-U.S. defined benefit pension plans was 3.02% as of December 31, 2014. General Cable’s expense under both U.S. and non-U.S. defined benefit pension plans is determined using the discount rate as of the beginning of the fiscal year, and as a result, 2015 expense for the defined benefit pension plans will be based on the weighted-average discount rate of 4.02% for U.S. plans and 3.02% for non-U.S. plans.

The weighted-average long-term expected rate of return on assets is based on input from actuaries, including their review of historical 10-year, 20-year, and 25-year rates of inflation and real rates of return on various broad equity and bond indices in conjunction with the diversification of the asset portfolio. The Company’s overall investment strategy is to diversify its investments for the qualified U.S. defined benefit pension plan based on an asset allocation assumption of 65% allocated to equity investments, with an expected real rate of return of 8%, and 35% to fixed-income investments, with an expected real rate of return of 2%, and an assumed long-term rate of inflation of 3%. Equity investments primarily include investments in large-cap and mid-cap companies primarily located in the United States.

The determination of pension expense for the qualified defined benefit pension plans is based on the fair market value of assets as of the measurement date. Investment gains and losses are recognized in the measurement of assets immediately. Such gains and losses will be amortized and recognized as part of the annual benefit cost to the extent that unrecognized net gains and losses from all sources exceed 10% of the greater of the projected benefit obligation or the market value of assets.

The Company evaluates its actuarial assumptions at least annually, and adjusts them as necessary. The Company uses a measurement date of December 31 for all of its defined benefit pension plans. In 2014, pension expense for the Company’s defined benefit pension plans was $15.4 million. Based on a weighted-average expected rate of return on plan assets of 6.73%, a weighted-average discount rate of 4.41% and various other assumptions, the Company estimates its 2015 pension expense for its defined benefit pension plans will increase to approximately $17.8 million. A 1% decrease in the assumed discount rate would increase pension expense by approximately $3.1 million. Future pension expense will depend on future investment performance, changes in future discount rates and various other factors related to the populations participating in the plans. In the event that actual results differ from the actuarial assumptions, the funded status of the defined benefit pension plans may change and any such change could result in a charge or credit to equity and an increase or decrease in future pension expense and cash contributions.

The Company’s investment policies and strategies, categories of plan assets, fair value measurements of plan assets, and significant concentrations of risk are described in further detail in Note 13 - Employee Benefit Plans.

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Income Taxes

The Company is subject to income tax in numerous United States federal, state, and foreign jurisdictions. Significant judgments and estimates are inherent in determining the Company's consolidated income tax expense, current tax payable, deferred tax assets and liabilities, and liabilities for uncertain tax positions. Future events such as changes in business conditions, tax legislation, tax audit resolutions, or foreign earnings repatriation plans could materially impact these estimates and the Company's tax position.

Deferred tax assets and liabilities are determined based on the differences between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. At December 31, 2014, the Company had recorded a net deferred tax liability of $134.7 million ($24.0 million net current deferred tax asset less $158.7 million net long term deferred tax liability). The valuation of deferred tax assets is dependent on, among other things, the ability of the Company to generate a sufficient level of future taxable income. In estimating future taxable income, the Company has considered both positive and negative evidence, such as historical and forecasted results of operations, including prior losses, and has considered the implementation of prudent and feasible tax planning strategies. As of December 31, 2014, the Company recorded a valuation allowance of $145.4 million to reduce deferred tax assets to the amount judged more likely than not to be realized. The Company has and will continue to review on a quarterly basis its assumptions and tax planning strategies, and, if the amount of the estimated realizable deferred tax assets is less than the amount currently on the balance sheet, the Company will reduce its deferred tax asset, recognizing a non-cash charge against reported earnings. Likewise, if the Company determines that a valuation allowance against a deferred tax asset is no longer appropriate, the adjustment to the valuation allowance would reduce income tax expense.

The Company continuously monitors the deferred tax position of all business units to determine whether a valuation allowance should be recorded. The Company is closely monitoring the deferred tax asset situation in New Zealand. The New Zealand business unit has been operating at marginal profitability in recent years due to depressed economic conditions and increased competition in the local market. After weighing all positive and negative evidence and factoring in prudent and feasible tax planning strategies, management has judged that it is more likely than not that a future tax benefit for the New Zealand business's $4.8 million of net deferred tax assets will be realized. Future deterioration in the New Zealand unit's profitability could result in the need to record a valuation allowance against its deferred tax assets in a subsequent period.

The Company operates in multiple jurisdictions with complex tax policies and regulations. In certain jurisdictions, the Company has taken tax positions that it believes are supportable, but which could be subject to challenge by the tax authorities. These tax positions are evaluated and liabilities for uncertain tax positions are established in accordance with the ASC 740- Income Taxes tax accounting guidance. The status of uncertain tax positions is reviewed in light of changing facts and circumstances, such as tax audits, rulings, and case law, and the related liabilities are adjusted accordingly.

The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying consolidated statement of operations. Accrued interest and penalties are included within the related tax liability line item in the consolidated balance sheet.

Long-Lived Assets, Goodwill and Impairment

The valuation and classification of long-lived assets and the assignment of useful depreciable and amortizable lives and salvage values involve significant judgments and the use of estimates. The testing of these long-lived assets for impairment also requires a significant amount of judgment and assumptions, particularly as it relates to identification of asset groups and the determination of fair market value. The Company periodically evaluates the recoverability of the carrying amount of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. The Company evaluates events or changes in circumstances based on historical operating results, forecasts, general and industry trends and anticipated cash flows. Impairment is assessed when the undiscounted expected future cash flows derived from an asset group are less than its carrying amount. Impairment losses are measured as the amount by which the carrying value of an asset group exceeds its fair value and are recognized in earnings. The Company also continually evaluates the estimated useful lives of all long-lived assets and, when warranted, revises such estimates based on current events.

Impairment losses are measured as the amount by which the carrying value of an asset exceeds its fair value and are recognized in earnings. The Company also continually evaluates the estimated useful lives of all long-lived assets and, when warranted, revises such estimates based on current events. In the year ended December 31, 2014, the Company recorded asset-related costs of $117.5 million related to the Company's July restructuring plan, recorded asset impairment charges of $13.1 million related to a Brazil rod mill plant and $29.3 million related to the Venezuela operations. See Note 3 - Restructuring and Review of Strategic Alternatives and Operational Structure and Note 7 - Property, Plant and Equipment for additional details.

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. The Company typically completes its annual impairment test within the fourth quarter of each year. In addition, the Company evaluates the carrying value between the valuations if events occur or circumstances change that would more likely than not reduce

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the fair value of the reporting unit below its carrying amount. Events or circumstances may include, but are not limited to, a significant change in legal factors or in the business climate, adverse action or assessment by a regulator, unanticipated competition, loss of key personnel, possible sale or disposal of a reporting unit or a significant portion of a reporting unit, significant changes in financial projections or significant changes in the market capitalization.

2014 Goodwill and Indefinite-lived Intangible Impairment Testing

At October 31, 2013 and December 31, 2013, the estimated fair value of the goodwill at our PDIC reporting unit and the indefinite-lived intangible assets exceeded their corresponding carrying amount including recorded goodwill; however, in the first quarter of 2014 the following events changed which reduced the fair value of the PDIC reporting unit:

• Except certain cost of sales related to copper inventory, all of the BsF denominated revenues and expenses for future periods reflected remeasurement using the SICAD 1 rate versus the prior official rate of 6.30 BsF per U.S. dollar. Due to the changes in the currency exchange system and the rate used to remeasure the financial statements of the Venezuelan entity, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional information.

• In the first quarter of 2014, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Company experienced a significant decline in its stock price, resulting in the Company’s market capitalization falling below its book value.

Based upon the combination of the above factors, the Company concluded that goodwill impairment indicators existed as of March 28, 2014. As a result, the Company performed an interim goodwill impairment analysis as of March 28, 2014. The Company engaged an outside valuation firm to assist in valuing the Company’s reporting unit and preparing the goodwill impairment analysis. The Company employed an income and market-based approach with each being weighted equally. Under the income approach, the Company used a discounted cash flow method to calculate the fair value based on the present value of estimated future cash flows. Assumptions used in the discounted cash flow method, such as forecasted operating results, expected growth rates, working capital needs, tax rates, and cost of capital, were based on the then current market conditions and were consistent with internal management projections. The cost of capital rate selected was based on consideration of the risks inherent in the investment and market rates of return available from alternative investments of similar type and quality as of the valuation date. The guideline public company method was used for the market approach. The approach provided an estimate of value using multiples of earnings derived from the market values of publicly traded companies in the wire and cable industry. In addition to the selection of guideline companies, the market approach included an analysis of the Company’s financial and operating performance risk, profitability, and growth as compared to the reporting unit.

The Company performed the first step (“Step 1”) of the goodwill impairment assessment at March 28, 2014. In Step 1 of the goodwill impairment test, the Company compared the fair value of the reporting unit, the entities purchased in the October 31, 2007 PDIC acquisition, to its carrying amount, including goodwill of $154.5 million. Based on the results of the valuation, the carrying amount of the reporting unit exceeded the fair value. Based on the results of Step 1 of the impairment analysis and the preliminary results of Step 2, the Company believed that an impairment loss was probable and based on a preliminary estimate, after consultation with a third party valuation specialist, the Company recognized impairment charges equal to the total recorded PDIC goodwill of $82.9 million and $72.2 million in the Latin America and Africa/Asia Pacific operating segments, respectively. The impairment charge was recorded in the goodwill impairment charge caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

In the second quarter of 2014, the Company completed Step 2 of the goodwill impairment test ("Step 2") to determine if any adjustment to the goodwill impairment charge was required. The Step 2 analysis required the Company to perform a theoretical purchase price allocation for the reporting unit to determine the implied fair value of goodwill and to compare the implied fair value of goodwill to the recorded amount of goodwill. Based on the analysis, no modification of the initial impairment estimate was required in the second quarter of 2014.

Based on the decrease of our cash flow projections for the PDIC reporting unit, the Company also completed an impairment test for the trade name in the first quarter of 2014. The fair value of the trade name is based on the discounted cash flows the trade name can be expected to generate in the future. Based on the results of the valuation, the carrying amount of the trade name

47

exceeded the fair value. The impairment valuation resulted in $69.1 million and $24.3 million of impairment charges in the first quarter related to the PDIC trade name in the Latin America and Africa/Asia Pacific operating segments. The impairment charge was recorded in the intangible asset impairment charges caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). In the second quarter of 2014 in connection with the completion of the above mentioned Step 2 analysis, the Company reassessed the remaining life of the PDIC trade name and concluded it was no longer indefinite. In the second quarter, the Company reclassified the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years based on increased political and economic instability in countries in which the trade name is utilized.

Intangible assets that are not deemed to have indefinite lives are amortized over their useful lives.

Share-Based Compensation

There are certain employees with various forms of share-based payment awards for which the Company recognizes compensation costs for these awards based on their fair values. The fair values of certain awards are estimated on the grant date using the Black-Scholes option pricing formula, which incorporates certain assumptions regarding the expected term of an award and expected stock price volatility. The Company will develop the expected term assumptions based on the vesting period and contractual term of an award, historical exercise and post-vesting cancellation experience, stock price history, plan provisions that require exercise or cancellation of awards after employees terminate, and the extent to which currently available information indicates that the future is reasonably expected to differ from past experience. The Company develops the expected volatility assumptions based on the monthly historical price data from the Company’s common stock and other economic data trended into future years. After calculating the aggregate fair value of an award, the Company uses an estimated forfeiture rate to discount the amount of share-based compensation costs to be recognized in the operating results over the service period of the award. The Company develops the forfeiture assumption based on its historical pre-vesting cancellation experience. Key assumptions are described in further detail in Note 15 - Share-Based Compensation.

Loss Contingencies

The Company determines whether to disclose and/or accrue for loss contingencies based on an assessment of whether the risk of loss is remote, reasonably possible or probable. The Company's assessment is developed in consultation with its outside counsel and other advisers and is based on an analysis of possible outcomes. Loss contingency assumptions involve judgments that are inherently subjective and can involve matters that are in litigation, which, by its nature is unpredictable. The Company believes that its assessment of the probability of loss contingencies is reasonable, but because of the subjectivity involved and the unpredictable nature of the subject matter at issue, the Company's assessment may prove ultimately to be incorrect, which could materially impact the consolidated financial statements.

New Accounting Standards

A discussion of recently issued accounting pronouncements is described in Note 2 - Summary of Significant Accounting Policies, in Item 8 - Financial Statements and Supplementary Data of this Report, and we incorporate such discussion in this MD&A by reference and make it a part hereof.

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ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is exposed to various market risks, including changes in interest rates, foreign currency exchange rates and raw material (commodity) prices. To manage risk associated with the volatility of these natural business exposures, the Company enters into interest rate, commodity and foreign currency derivative agreements as well as copper and aluminum forward pricing agreements. The Company does not purchase or sell derivative instruments for trading purposes. The Company does not engage in trading activities involving commodity contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques.

Interest Rate Risk

In 2013, the Company repaid the outstanding obligations of the Spanish Term Loans. During 2013, the Company utilized interest rate swaps to manage its interest expense exposure by fixing its interest rate on portions of the Company’s floating rate debt. There are no derivatives that are designated as cash flow hedges at December 31, 2014.

Raw Material Price Risk

The costs of copper and aluminum, the most significant raw materials we use, have been subject to considerable volatility caused by supply conditions, weather, political and economic variables as well as other unknown and unpredictable variables. This copper and aluminum price volatility is representative of all reportable segments. In addition, the Company has historically experienced volatility on raw materials other than copper and aluminum used in cable manufacturing, such as insulating compounds, steel and wood reels, freight costs and energy costs. Generally, the Company attempts to adjust selling prices in most of its markets in order to offset the impact of this raw material price and other cost volatility on reported earnings. The Company’s ability to execute and ultimately realize price adjustments is influenced by competitive conditions in its markets, including manufacturing capacity utilization.

The Company enters into commodity instruments to hedge the purchase of copper, aluminum as well as other raw materials in future periods. Principal transactions hedged during the year were firm sales and purchase commitments. There were no derivatives that were designated as cash flow hedges at December 31, 2014 and December 31, 2013. In the years ended December 31, 2013 and 2012, the Company accounted for these commodity instruments as cash flow or economic hedges. Changes in the fair value of derivatives that were designated as cash flow hedges were recorded in other comprehensive income and were reclassified to cost of sales when the effects of the items being hedged were realized. Changes in the fair value of economic hedges are recognized in current period earnings in other income (expense).

In addition, the Company enters into forward pricing agreements for the purchase of copper and aluminum for delivery in a future month to match certain sales transactions. The Company accounts for these forward pricing arrangements under the “normal purchases and normal sales” scope exemption because these arrangements are for purchases of copper and aluminum that will be delivered in quantities expected to be used by the Company over a reasonable period of time in the normal course of business. For these arrangements, it is probable at the inception and throughout the life of the arrangements that the arrangements will not settle net and will result in physical delivery of the inventory. At December 31, 2014 and 2013, the Company had $11.6 million and $10.1 million, respectively, of future copper and aluminum purchases that were under forward pricing agreements. At December 31, 2014 and 2013, the Company had an unrealized loss of $0.4 million and an unrealized gain of $0.5 million, respectively, related to these transactions. The Company expects the unrealized gains and losses under these agreements to offset firm sales price commitments with customers.

Foreign Currency Exchange Rate Risk

The Company operates in multiple countries throughout the globe; therefore, the Company is exposed to fluctuations in foreign currency exchange rate. The Company is exposed to transactional foreign currency risk, the risk when transactions not denominated in the functional currency in which the Company operates are revalued. The Company enters into foreign currency exchange contracts principally to hedge the currency fluctuations in certain transactions denominated in foreign currencies, thereby limiting the Company's risk that would otherwise result from changes in exchange rates. Principal transactions hedged during the year were firm sales and purchase commitments. The fair value of foreign currency contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices.

There are no foreign currency exchange rate derivatives that are designated as cash flow hedges at December 31, 2014 and December 31, 2013. In the years ended December 31, 2013 and 2012, the Company accounted for these foreign currency exchange contracts as cash flow or economic hedges. Changes in the fair value of derivatives that were designated as cash flow hedges were recorded in other comprehensive income and were reclassified to the other income (expense) when the effects of the items being hedged were realized. Changes in the fair value of economic hedges are recognized in current period earnings in other income (expense).

49

In addition, to mitigate these risks, the Company believes it is appropriate to finance those operations with borrowings denominated in the local currency to the extent practicable where debt financing is desirable or necessary. Considerations which influence the amount of such borrowings include long- and short-term business plans, tax implications, and the availability of borrowings with acceptable interest rates and terms. In those countries where the local currency is the designated functional currency, this strategy mitigates the risk of reported losses or gains in the event the foreign currency strengthens or weakens against the U.S. dollar.

The Company also has exposure to foreign currency exchange risk when the results of its international operating units are translated from the local currency into the U.S. dollar. At December 31, 2014 and 2013, the accumulated other comprehensive income (loss) account included in the total equity section of the Consolidated Balance Sheet included a cumulative translation loss of $185.1 million and $67.1 million, respectively. A 10% increase in the value of the US dollar relative to foreign currencies would increase the cumulative translation loss resulting in a cumulative translation loss of approximately $110 million in 2014. This sensitivity analysis is inherently limited as it assumes that rates of multiple foreign currencies will always move in the same direction relative to the value of the U.S. dollar.

Uncertainty in the global market conditions has resulted in, and may continue to cause, significant volatility in foreign currency exchange rates which could increase these risks, particularly in the Company’s emerging or developing markets within its Latin America and Africa/Asia Pacific segments, which have historically been subject to considerable foreign currency exchange rate volatility, particularly in Venezuela. See the “Venezuelan Operations” discussion for further detail.

Fair Value of Designated Derivatives

There are no derivatives that are designated as cash flow hedges at December 31, 2014 and 2013. In 2013 and 2012, unrealized gains and losses on the designated cash flow hedge financial instruments identified above were recorded in other comprehensive income (loss) until the underlying transaction occurs and was recorded in the consolidated statement of operations at which point such amounts included in other comprehensive income (loss) were recognized in earnings. This recognition generally occurred over periods less than one year. During the years ended December 31, 2013 and 2012, a pre-tax loss of $2.0 million and a pre-tax loss of $4.4 million, respectively, were reclassified from accumulated other comprehensive income to the consolidated statement of operations.

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

	Page
Report of Independent Registered Public Accounting Firm	62
Consolidated Statements of Operations and Comprehensive Income (Loss) for the Years Ended December 31, 2014, 2013 and 2012	63
Consolidated Balance Sheets at December 31, 2014 and 2013	64
Consolidated Statements of Cash Flows for the Years Ended December 31, 2014, 2013 and 2012	65
Consolidated Statements of Changes in Total Equity for the Years Ended December 31, 2014, 2013 and 2012	66
Notes to Consolidated Financial Statements	67

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

The Company maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Company's reports under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to management, including the Company's Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) as appropriate to allow timely decisions regarding required disclosure. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.

Management, under the supervision and with the participation of our CEO and CFO, evaluated the effectiveness of the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this report (the “Evaluation Date”). Based upon that evaluation, the CEO and CFO have concluded that the design and operation of the Company's disclosure controls and procedures at a reasonable assurance level were effective as of December 31, 2014.

Management's Annual Report on Internal Control over Financial Reporting

Management, under the supervision of the CEO and CFO, is responsible for establishing and maintaining adequate internal control over financial reporting. Internal control over financial reporting, as defined in Rules 13a-15(f) and 15d-15(f) promulgated under the Exchange Act, is a process designed by, or under the supervision of, the CEO and CFO and is effected by the board of directors, management and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting principles (“GAAP”). Internal control over financial reporting includes those policies and procedures that:

• Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company;

• Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that the receipts and expenditures of the Company are being made only in accordance with appropriate authorization of management and the board of directors; and

• Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of the Company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management evaluated the effectiveness of the Company's internal control over financial reporting as of December 31, 2014 using the framework established in "Internal Control-Integrated Framework (2013)" issued by the Committee of Sponsoring

51

Organizations of the Treadway Commission (“COSO”). Based on this assessment, management concluded that, as of December 31, 2014, the Company’s internal control over financial reporting was effective.

The effectiveness of the Company’s internal control over financial reporting as of December 31, 2014 has been audited by Deloitte & Touche LLP, an independent registered public accounting firm, as stated in their report which appears herein.

Changes in Internal Control Over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting, as such item is defined in Exchange Act Rules 13a–15(f) and 15d–15(f), during the fiscal quarter ended December 31, 2014, that have materially affected, or are reasonably likely to materially affect the Company’s internal control over financial reporting.

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders of

General Cable Corporation

Highland Heights, Kentucky

We have audited the internal control over financial reporting of General Cable Corporation and subsidiaries (the "Company") as of December 31, 2014, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. The Company's management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Management's Annual Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the Company's internal control over financial reporting based on our audit.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether effective internal control over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, testing and evaluating the design and operating effectiveness of internal control based on the assessed risk, and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion.

A company's internal control over financial reporting is a process designed by, or under the supervision of, the company's principal executive and principal financial officers, or persons performing similar functions, and effected by the company's board of directors, management, and other personnel to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Because of the inherent limitations of internal control over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may not be prevented or detected on a timely basis. Also, projections of any evaluation of the effectiveness of the internal control over financial reporting to future periods are subject to the risk that the controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

In our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2014, based on the criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated financial statements and financial statement schedule as of and for the year ended December 31, 2014 of the Company and our report dated March 2, 2015 expressed an unqualified opinion on those financial statements and financial statement schedule.

/s/ Deloitte & Touche LLP

Cincinnati, Ohio

March 2, 2015

53

ITEM 9B. OTHER INFORMATION

None.

PART III.

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

See the information on the Company’s Executive Officers in Item 1 - Business – Executive Officers of the Registrant. Except as set forth in Item 1 - Business, the additional information required by this item, including information on the Directors of the Company, will be included in the definitive Proxy Statement which General Cable intends to file with the SEC within 120 days after December 31, 2014, and is incorporated herein by reference.

The Company has adopted a Code of Ethics and Business Conduct that applies to its directors, officers (including the Company’s principal executive officer, principal financial officer and principal accounting officer) and employees. A Copy of the Code of Ethics and Business Conduct, is available on the Company’s website, www.generalcable.com, and may be found under the “Investor Information” section by clicking on “Corporate Governance”. This document is also available in print to any shareholders who request it. The Company intends to satisfy the disclosure requirement under Item 5.05 of Form 8-K regarding an amendment to, or waiver from, a provision of our Code of Ethics by posting such information on our website at the location specified above.

ITEM 11. EXECUTIVE COMPENSATION

The information required by this item will be included in the definitive Proxy Statement which General Cable intends to file with the SEC within 120 days after December 31, 2014, and is incorporated herein by reference.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The information required by this item will be included in the definitive Proxy Statement which General Cable intends to file with the SEC within 120 days after December 31, 2014, and is incorporated herein by reference.

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

The information required by this item will be included in the definitive Proxy Statement which General Cable intends to file with the SEC within 120 days after December 31, 2014, and is incorporated herein by reference.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

The information required by this item will be included in the definitive Proxy Statement which General Cable intends to file with the SEC within 120 days after December 31, 2014, and is incorporated herein by reference.

PART IV.

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULE

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(a) Documents filed, or furnished as applicable, as part of the 2014 Annual Report on Form 10-K:

1. Consolidated Financial Statements are included in Part II, Item 8 - Financial Statements and Supplementary Data.

2. Financial Statement Schedule filed herewith for 2014, 2013 and 2012:

 II. Valuation and Qualifying Accounts Page 128

All other schedules for which provisions are made in the applicable SEC regulation have been omitted as they are not applicable, not required, or the required information is included in the Consolidated Financial Statements or Notes thereto.

3. The exhibits listed on the accompanying Exhibit Index are filed or furnished, as applicable herewith or incorporated herein by reference.

Documents indicated by a double asterisk (**) are filed herewith; documents indicated by an asterisk (*) identify each management contract or compensatory plan. Documents not indicated by a double asterisk are incorporated by reference to the document indicated. The warranties, representations and covenants contained in any of the agreements included herein or which appear as exhibits hereto (or as exhibits, schedules, annexes or other attachments thereto) should not be relied upon by buyers, sellers or holders of the Company’s securities and are not intended as warranties, representations or covenants to any individual or entity except as specifically set forth in such agreement.

55

Signatures

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, General Cable Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		General Cable Corporation
Signed:	March 2, 2015	By:	/s/ GREGORY B. KENNY
			Gregory B. Kenny
			President and Chief Executive Officer

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of General Cable Corporation and in the capacities and on the date indicated.

/s/ GREGORY B. KENNY	President, Chief Executive Officer and Director	March 2, 2015
Gregory B. Kenny	(Principal Executive Officer)
/s/ BRIAN J. ROBINSON	Executive Vice President and	March 2, 2015
Brian J. Robinson	Chief Financial Officer (Principal Financial and Accounting Officer)
/s/ JOHN E. WELSH, III *	Non-executive Chairman and Director	March 2, 2015
John E. Welsh, III
/s/ SALLIE B. BAILEY*	Director	March 2, 2015
Sallie B. Bailey
/s/ NED HALL *	Director	March 2, 2015
Ned Hall
/s/ GREGORY E. LAWTON *	Director	March 2, 2015
Gregory E. Lawton
/s/ CRAIG P. OMTVEDT *	Director	March 2, 2015
Craig P. Omtvedt
/s/ PATRICK M. PREVOST *	Director	March 2, 2015
Patrick M. Prevost

* By/s/ EMERSON C. MOSER

Emerson C. Moser

Attorney - in -fact

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Exhibit Index

Exhibit Number	Description
2.1	Share Purchase Agreement among Grupo General Cable Sistemas, S.A., Safran SA, and Sagem Communications, dated as of November 18, 2005 (incorporated by reference to Exhibit 99.2 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 22, 2005).
2.2	Purchase Agreement, dated May 18, 2012, by and among Rio Tinto Alcan Inc., Alcan Asia Limited, Alcan Corporation and General Cable Corporation (incorporated by reference to Exhibit 2.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 29, 2012).
3.1	Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on May 14, 2010).
3.2	Amended and Restated By-Laws of the Company (incorporated by reference to Exhibit 3.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on February 26, 2010).
4.1	Specimen Common Stock Certificate (incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement on Form S-4 (File No. 333-162688) filed with the Securities and Exchange Commission on October 27, 2009).
4.2	Certificate of Designations for the Company’s 5.75% Series A Redeemable Convertible Preferred Stock (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 12, 2003).
4.3	Indenture for the 0.875% Convertible Notes Due 2013 dated as of November 15, 2006 (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
4.3.1	First Supplemental Indenture for the 0.875% Convertible Notes Due 2013 dated as of October 31, 2007(incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 1, 2007).
4.3.2	Second Supplemental Indenture for the 0.875% Convertible Notes Due 2013 dated as of April 18, 2008 (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on April 21, 2008).
4.3.3	Third Supplemental Indenture for the 0.875% Convertible Notes Due 2013 dated as of September 2, 2009 (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on September 3, 2009).
4.3.4	Fourth Supplemental Indenture for the 0.875% Convertible Notes Due 2013 dated as of September 25, 2012 (incorporated by reference to Exhibit 4.3 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on September 25, 2012).
4.3.5	Fifth Supplemental Indenture for the 0.875% Convertible Notes Due 2013 dated as of September 6, 2013 (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on October 15, 2013).
4.4	Indenture for the 7.125% Senior Fixed Rate Notes due 2017 and Senior Floating Rate Notes due 2015 dated as of March 21, 2007, among the Company, certain guarantors, and U.S. Bank National Association, as trustee (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on March 22, 2007).
4.4.1	First Supplemental Indenture for the 7.125% Senior Fixed Rate Notes due 2017 and the Senior Floating Rate Notes due 2015 dated as of October 31, 2007(incorporated by reference to Exhibit 4.2 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 1, 2007).
4.4.2	Second Supplemental Indenture for the 7.125% Senior Fixed Rate Notes due 2017 and the Senior Floating Rate Notes due 2015 dated as of April 18, 2008 (incorporated by reference to Exhibit 4.2 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on April 21, 2008).
4.4.3	Third Supplemental Indenture for the 7.125% Senior Fixed Rate Notes due 2017 and the Senior Floating Rate Notes due 2015 dated as of September 2, 2009 (incorporated by reference to Exhibit 4.2 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on September 3, 2009).
4.4.4	Fourth Supplemental Indenture for the 7.125% Senior Fixed Rate Notes due 2017 and the Senor Floating Rate Notes due 2015 dates as of September 25, 2012 (incorporated by reference to Exhibit 4.2 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on September 25, 2012).
4.4.5	Fifth Supplemental Indenture for the Senor Floating Rate Notes due 2015 dated as of September 6, 2013 (incorporated by reference to Exhibit 4.2 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on October 15, 2013).
4.4.6	Sixth Supplemental Indenture for the Senor Floating Rate Notes due 2015 dated as of November 8, 2013 (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 13, 2013).
4.5	Indenture for the 1.00% Senior Convertible Notes due 2012, dated October 2, 2007, by and among General Cable Corporation, the subsidiary guarantors named therein, and U.S. Bank National Association, as Trustee (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on October 2, 2007).

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4.5.1	First Supplemental Indenture for the 1.00% Senior Convertible Notes due 2012 dated as of October 31, 2007(incorporated by reference to Exhibit 4.3 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 1, 2007).
4.5.2	Second Supplemental Indenture for the1.00% Senior Convertible Notes due 2012 dated as of April 18, 2008 ((incorporated by reference to Exhibit 4.3 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on April 21, 2008).
4.5.3	Third Supplemental Indenture for the 1.00% Senior Convertible Notes due 2012 dated as of September 2, 2009 (incorporated by reference to Exhibit 4.3 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on September 3, 2009).
4.5.4	Fourth Supplemental Indenture for the 1.00% Senior Convertible Notes due 2012 dated as of September 25, 2012 (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on September 25, 2012).
4.6	Subordinated Convertible Note Indenture, dated as of December 18, 2009, for the Subordinated Convertible Notes due 2029, by and between General Cable Corporation and U.S. Bank National Association and Form of Note (incorporated by reference to Exhibit 4.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 21, 2009).
4.7	Indenture for the 5.75% Senior Notes due 2022 dated as of September 25, 2012, including Form of 5.75% Senior Note due 2022 (Rule 144A), Form of 5.75% Senior Note due 2022 (Regulation S), and Form of Guarantee of obligations under 5.75% Senior Notes due 2022 (incorporated by reference to Exhibit 4.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on September 25, 2012).
4.7.1	First Supplemental Indenture for the 5.75% Senior Notes due 2022 dated as of September 6, 2013 (incorporated by reference to Exhibit 4.3 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on October 15, 2013).
4.7.2	Second Supplemental Indenture for the 5.75% Senior Notes due 2022 dated as of November 8, 2013 (incorporated by reference to Exhibit 4.2 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 13, 2013).
10.1*	General Cable Corporation 2008 Annual Incentive Plan, amended and restated as of February 3, 2010 (incorporated by reference to Exhibit 10.3.1 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2010).
10.2*	General Cable Corporation 1997 Stock Incentive Plan, as amended and restated (incorporated by reference to Exhibit 10.4 of the Company’s Annual Report on Form 10-K for the year ended December 31, 1997).
10.2.1*	Form of Grant Agreement pursuant to the General Cable Corporation 1997 Stock Incentive Plan (incorporated by reference to Exhibit 10.67 of the Company’s Quarterly Report on Form 10-Q for the quarter ended October 1, 2004).
10.3*	General Cable Corporation 2000 Stock Option Plan, amended and restated as of July 30, 2002 (incorporated by reference to Exhibit 10.55 of the Company’s Annual Report on Form 10-K for the year ended December 31, 2002).
10.3.1*	Form of Grant Agreement pursuant to the General Cable Corporation 2000 Stock Option Plan (incorporated by reference to Exhibit 10.68 of the Company’s Quarterly Report on Form 10-Q for the quarter ended October 1, 2004).
10.4*	General Cable Corporation Deferred Compensation Plan (Amended and Restated Effective January 1, 2008) (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 15, 2007).
10.5*	General Cable Corporation 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on May 16, 2005).
10.5.1*	Form of Nonqualified Stock Option Agreement pursuant to the General Cable Corporation 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 19, 2011).
10.5.2*	Form of the Performance-Based Stock Unit Agreement pursuant to the General Cable Corporation 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 19, 2011).
10.5.3*	Form of the Restricted Stock Agreement pursuant to the General Cable Corporation 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 19, 2011).
10.5.4*	Form of Performance-Based Stock Unit Agreement under General Cable Corporation 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10 of the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 30, 2013).
10.5.5*	Form of Global Stock Unit Agreement under General Cable Corporation 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 14, 2014).
10.5.6*	Form of Global Performance Stock Unit Agreement under General Cable Corporation 2005 Stock Incentive Plan (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 14, 2014).
10.6*	General Cable Corporation Executive Officer Severance Benefit Plan effective January 1, 2008 (incorporated by reference to Exhibit 10.4 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 21, 2007).
10.6.1*,**	Amendment No. 1 to General Cable Corporation Executive Officer Severance Benefit Plan effective August 1, 2014.

58

10.7	Agreement for Convertible Note Hedges dated November 9, 2006, between the Company and Merrill Lynch (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.8	Agreement for Convertible Note Hedges dated November 9, 2006 between the Company and Credit Suisse (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.9	Agreement for Convertible Note Hedges dated November 9, 2006 between the Company and Wachovia (incorporated by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.1	Agreement for Warrant Transactions dated November 9, 2006 between the Company and Merrill Lynch (incorporated by reference to Exhibit 10.4 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.11	Agreement for Warrant Transactions dated November 9, 2006 between the Company and Credit Suisse (incorporated by reference to Exhibit 10.5 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.12	Agreement for Warrant Transactions dated November 9, 2006 between the Company and Wachovia (incorporated by reference to Exhibit 10.6 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.13	Agreement for Convertible Note Hedges dated November 15, 2006 between the Company and Merrill Lynch (incorporated by reference to Exhibit 10.7 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.14	Agreement for Convertible Note Hedges dated November 15, 2006 between the Company and Credit Suisse (incorporated by reference to Exhibit 10.8 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.15	Agreement for Convertible Note Hedges dated November 15, 2006 between the Company and Wachovia (incorporated by reference to Exhibit 10.9 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.16	Agreement for Warrant Transactions dated November 15, 2006 between the Company and Merrill Lynch (incorporated by reference to Exhibit 10.10 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.17	Agreement for Warrant Transactions dated November 15, 2006 between the Company and Credit Suisse (incorporated by reference to Exhibit 10.11 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.18	Agreement for Warrant Transactions dated November 15, 2006 between the Company and Wachovia (incorporated by reference to Exhibit 10.12 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on November 16, 2006).
10.19*	Termination Agreement, dated as of December 19, 2007, between the Company and Gregory B. Kenny (incorporated by reference to Exhibit 10.1 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 21, 2007).
10.20*	Termination Agreement, dated as of December 19, 2007, between the Company and Robert J. Siverd (incorporated by reference to Exhibit 10.2 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 21, 2007).
10.21*	Novation Agreement, dated as of December 19, 2007, between the Company and Brian J. Robinson (incorporated by reference to Exhibit 10.3 of the Company’s Current Report on Form 8-K as filed with the Securities and Exchange Commission on December 21, 2007).
10.22	General Cable adopted a written trading plan under Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended. The Company implemented this written trading plan in connection with its share repurchase program, which was authorized by the Company’s Board of Directors and announced on October 31, 2011 (incorporated by reference to Exhibit 10.27 of the Company's Annual Report on Form 10-K for the year ended December 31, 2011).
10.23(†)	Credit Agreement, dated as of July 21, 2011, by and among General Cable Industries, Inc., as borrower, General Cable Company, as Canadian borrower, the Company and those certain other U.S. and Canadian subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto and JP Morgan Chase as administrative agent for the lenders. (incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2011).
10.23.1	Amendment No. 1 to Credit Agreement, dated as of August 1, 2012, by and among General Cable Industries, Inc., as borrower, General Cable Company, as Canadian borrower, the Company and those certain other U.S. and Canadian subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto and JP Morgan Chase as administrative agent for the lenders (incorporated by reference to Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q for the quarter ended September 28, 2012).
10.23.2	Omnibus Amendment No. 2 to Credit Agreement and Amendment No. 1 to Security Agreement, dated as of December 21, 2012, by and among General Cable Industries, Inc., as borrower, General Cable Company, as Canadian borrower, the Company and those certain other U.S. and Canadian subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto and JP Morgan Chase as administrative agent for the lenders. (incorporated by reference to Exhibit 10.27.2 of the Company's Annual Report on Form 10-K for the year ended December 31, 2012).

59

10.23.3††	Amended and Restated Credit Agreement, dated as of September 6, 2013, by and among General Cable Industries, Inc., General Cable Company Ltd., Grupo General Cable Sistemas, S.L., ECN Cable Group, S.L., Silec Cable SAS, Norddeutsche Seekabelwerke GmbH, the Company and those certain other subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto, JP Morgan Chase Bank, N.A, as Administrative Agent, and J.P. Morgan Europe Limited, as European Administrative Agent (incorporated by reference to Exhibit 10.2 of the Company's Quarterly Report on Form 10-Q for the quarter ended September 27, 2013).
10.23.4*	Amendment No. 1 to Amended and Restated Credit Agreement, dated October 23, 2013 by and among General Cable Industries, Inc., General Cable Company Ltd., Grupo General Cable Sistemas, S.L., ECN Cable Group, S.L., Silec Cable SAS, Norddeutsche Seekabelwerke GmbH, the Company and those certain other subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto, JP Morgan Chase Bank, N.A, as Administrative Agent, and J.P. Morgan Europe Limited, as European Administrative Agent.
10.23.5†† †	Amendment No. 2 to Amended and Restated Credit Agreement, dated May 20, 2014 by and among General Cable Industries, Inc., General Cable Company Ltd., Grupo General Cable Sistemas, S.L., ECN Cable Group, S.L., Silec Cable SAS, Norddeutsche Seekabelwerke GmbH, the Company and those certain other subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto, JP Morgan Chase Bank, N.A, as Administrative Agent (incorporated by reference to Exhibit 10.23.5 of the Company's Quarterly Report on Form 10-Q for the quarter ended June 27, 2014).
10.23.6	Amendment No. 3 to Amended and Restated Credit Agreement, dated September 23, 2014 by and among General Cable Industries, Inc., General Cable Company Ltd., Grupo General Cable Sistemas, S.L., ECN Cable Group, S.L., Silec Cable SAS, Norddeutsche Seekabelwerke GmbH, the Company and those certain other subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto, JP Morgan Chase Bank, N.A, as Administrative Agent (incorporated by reference to Exhibit 10.23.6 of the Company's Quarterly Report on Form 10-Q for the quarter ended September 26, 2014).
10.23.7**	Amendment No. 4 to Amended and Restated Credit Agreement, dated October 28, 2014 by and among General Cable Industries, Inc., General Cable Company Ltd., Grupo General Cable Sistemas, S.L., ECN Cable Group, S.L., Silec Cable SAS, Norddeutsche Seekabelwerke GmbH, the Company and those certain other subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto, JP Morgan Chase Bank, N.A, as Administrative Agent.
10.24*	Registration Rights Agreement dated September 25, 2012, by and among the Company, the subsidiary guarantors name therein and J.P. Morgan Securities LLC, as representative of the several initial purchasers named in Schedule 1 to the Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on September 25, 2012).
10.25.1*	Separation Agreement between Emmanuel Sabonnadiere and Grupo General Cable Sistemas S.L. and Silec Cable SAS dated May 8, 2014 (incorporated by reference to Exhibit 10.25.1 of the Company's Quarterly Report on Form 10-Q for the quarter ended June 27, 2014).
10.25.2*	Consulting Agreement, dated May 8, 2014 to be effective August 1, 2014, between the Company and Emmanuel Sabonnadiere (incorporated by reference to Exhibit 10.25.2 of the Company's Quarterly Report on Form 10-Q for the quarter ended June 27, 2014).
10.26*,**	General Cable Corporation 2014 Executive Officer Severance Benefit Plan effective August 1, 2014.
12.1**	Computation of Ratio of Earnings to Fixed Charges.
21.1**	List of Subsidiaries of General Cable.
23.1**	Consent of Deloitte & Touche LLP.
24.1**	Power of Attorney.
31.1**	Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15(d)-14.
31.2**	Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15(d)-14.
32.1**	Certification pursuant to 18 U.S.C. §1350, as adopted under Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS**	XBRL Instance Document
101.SCH**	XBRL Taxonomy Extension Schema Document
101.CAL**	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF**	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB**	XBRL Taxonomy Extension Label Linkbase Document
101.PRE**	XBRL Taxonomy Extension Presentation Linkbase Document

60

*	Management contract or compensatory plan.
**	Filed or furnished, as applicable, herewith.
(†)	Certain confidential portions of this agreement have been omitted pursuant to a confidential treatment request filed separately with the SEC on November 3, 2011.
(††)	Certain portions of this agreement have been omitted pursuant to a confidential treatment request filed separately with the SEC on January 22, 2014.
(†††)	Certain portions of this agreement have been omitted pursuant to a confidential treatment request filed separately with the SEC on August 1, 2014.

61

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Shareholders of

General Cable Corporation

Highland Heights, Kentucky

We have audited the accompanying consolidated balance sheets of General Cable Corporation and subsidiaries (the "Company") as of December 31, 2014 and 2013, and the related consolidated statements of operations and comprehensive income (loss), changes in total equity, and cash flows for each of the three years in the period ended December 31, 2014. Our audits also included the financial statement schedule listed in the Index at Item 15. These financial statements and financial statement schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and financial statement schedule based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of General Cable Corporation and subsidiaries as of December 31, 2014 and 2013, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2014, in conformity with accounting principles generally accepted in the United States of America. Also, in our opinion, the financial statement schedule, when considered in relation to the basic consolidated financial statements taken as a whole, presents fairly, in all material respects, the information set forth therein.

We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company's internal control over financial reporting as of December 31, 2014, based on the criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated March 2, 2015 expressed an unqualified opinion on the Company's internal control over financial reporting.

/s/ Deloitte & Touche LLP

Cincinnati, Ohio

March 2, 2015

62

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Consolidated Statements of Operations and Comprehensive Income (Loss)

(in millions, except per share data)

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Net sales	$	5,979.8		$	6,421.2		$	6,059.5
Cost of sales	5,586.6			5,717.5			5,434.6
Gross profit	393.2			703.7			624.9
Selling, general and administrative expenses	450.7			492.0			425.5
Goodwill impairment charge	155.1			—			—
Intangible asset impairment charges	98.8			—			—
Operating income (loss)	(311.4		)	211.7			199.4
Other income (expense)	(212.9		)	(66.7		)	(2.9		)
Interest income (expense):
Interest expense	(116.3		)	(124.9		)	(106.8		)
Interest income	4.5			6.9			6.5
Loss on extinguishment of debt	—			—			(9.3		)
	(111.8		)	(118.0		)	(109.6		)
Income (loss) before income taxes	(636.1		)	27.0			86.9
Income tax provision	(8.3		)	(38.8		)	(78.6		)
Equity in net earnings of affiliated companies	1.4			1.7			1.7
Net income (loss) including noncontrolling interest	(643.0		)	(10.1		)	10.0
Less: preferred stock dividends	—			0.3			0.3
Less: net income (loss) attributable to noncontrolling interest	(15.4		)	7.7			5.7
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(18.1	)	$	4.0
EPS
Earnings (loss) per common share-basic	$	(12.86	)	$	(0.37	)	$	0.08
Weighted average common shares-basic	48.8			49.4			49.7
Earnings (loss) per common share-assuming dilution	$	(12.86	)	$	(0.37	)	$	0.08
Weighted average common shares-assuming dilution	48.8			49.4			51.1
Comprehensive income (loss):
Net income (loss)	$	(643.0	)	$	(10.1	)	$	10.0
Currency translation gain (loss)	(97.3		)	(46.9		)	9.9
Defined benefit plan adjustments, net of tax $14.6 million in 2014, $16.8 million in 2013 and $7.3 million in 2012	(25.7		)	32.0			(21.3		)
Change in fair value of derivatives, net of tax $0.2 million in 2013 and $3.0 million in 2012	—			0.3			6.0
Other, net of tax	(7.6		)	—			—
Comprehensive income (loss), net of tax	$	(773.6	)	$	(24.7	)	$	4.6
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	5.3			0.6			7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(778.9	)	$	(25.3	)	$	(2.9	)

See accompanying Notes to Consolidated Financial Statements.

63

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheets

(in millions, except share data)

Assets	Dec 31, 2014			Dec 31, 2013
Current Assets:
Cash and cash equivalents	$	205.8		$	418.8
Receivables, net of allowances of $32.0 million in 2014 and $39.2 million in 2013	1,007.0			1,171.7
Inventories	1,018.8			1,239.6
Deferred income taxes	32.4			50.2
Prepaid expenses and other	106.4			126.2
Assets held for sale	25.7			—
Total current assets	2,396.1			3,006.5
Property, plant and equipment, net	758.4			1,092.0
Deferred income taxes	24.8			15.8
Goodwill	26.1			184.6
Intangible assets, net	65.1			182.9
Unconsolidated affiliated companies	17.5			19.0
Other non-current assets	78.7			78.1
Total assets	$	3,366.7		$	4,578.9
Liabilities and Total Equity
Current Liabilities:
Accounts payable	$	672.1		$	870.6
Accrued liabilities	407.2			434.9
Current portion of long-term debt	403.5			250.3
Total current liabilities	1,482.8			1,555.8
Long-term debt	933.9			1,136.6
Deferred income taxes	183.0			233.8
Other liabilities	240.0			255.9
Total liabilities	2,839.7			3,182.1
Commitments and Contingencies (See Note 19)
Redeemable noncontrolling interest	13.8			17.0
Total Equity:
Common stock, $0.01 par value, issued and outstanding shares:
2014 — 48,683,493 (net of 10,126,473 treasury shares) 2013 — 49,598,653 (net of 9,211,857 treasury shares)	0.6			0.6
Additional paid-in capital	714.8			699.6
Treasury stock	(184.3		)	(155.3		)
Retained earnings	184.4			847.4
Accumulated other comprehensive income (loss)	(263.4		)	(112.1		)
Total Company shareholders’ equity	452.1			1,280.2
Noncontrolling interest	61.1			99.6
Total equity	513.2			1,379.8
Total liabilities, redeemable noncontrolling interest and equity	$	3,366.7		$	4,578.9

See accompanying Notes to Consolidated Financial Statements.

64

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Consolidated Statements of Cash Flows (in millions)

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Cash flows of operating activities:
Net income (loss) including noncontrolling interest	$	(643.0	)	$	(10.1	)	$	10.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	125.4			132.6			115.2
Amortization on restricted stock awards	1.0			0.9			2.2
Foreign currency exchange (gain) loss	202.5			56.0			5.8
Inventory impairment charge	9.5			—			9.3
Goodwill impairment charge	155.1			—			—
Intangible asset impairment charges	98.8			—			—
Non-cash asset impairment charges	158.3			14.0			—
Convertible debt instruments noncash interest charges	1.7			21.9			22.1
Deferred income taxes	(14.4		)	(1.4		)	10.6
Excess tax (benefits) deficiencies from stock-based compensation	—			—			0.6
(Gain) loss on disposal of a subsidiary	(17.6		)	—			—
(Gain) loss on disposal of property	0.5			3.9			2.1
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:
(Increase) decrease in receivables	(0.4		)	(29.3		)	35.1
(Increase) decrease in inventories	110.8			14.4			105.9
(Increase) decrease in other assets	24.5			(8.9		)	(31.9		)
Increase (decrease) in accounts payable, accrued and other liabilities	(79.5		)	(155.8		)	(14.4		)
Net cash flows of operating activities	133.2			38.2			272.6
Cash flows of investing activities:
Capital expenditures	(89.6		)	(89.1		)	(108.6		)
Proceeds from properties sold	21.4			0.4			4.5
Disposal of a subsidiary, net of cash disposed of	52.4			—			—
Acquisitions, net of cash acquired	—			(6.9		)	(286.5		)
Other	(0.2		)	1.0			0.3
Net cash flows of investing activities	(16.0		)	(94.6		)	(390.3		)
Cash flows of financing activities:
Dividends paid to shareholders	(35.4		)	(27.0		)	(0.3		)
Excess tax benefits (deficiencies) from stock-based compensation	—			—			(0.6		)
Proceeds from other debt	2,689.9			1,645.3			1,473.6
Repayments of other debt	(2,740.3		)	(1,357.6		)	(1,560.8		)
Issuance of long term debt	—			—			600.0
Settlement of long term debt including fees and expenses	—			(355.0		)	(217.7		)
Purchase of noncontrolling interest	(0.7		)	(4.0		)	—
Dividends paid to noncontrolling interest	(6.2		)	(5.3		)	(3.5		)
Repurchase of common shares	(30.7		)	(19.5		)	(1.2		)
Proceeds from exercise of stock options	0.3			0.7			0.1
Net cash flows of financing activities	(123.1		)	(122.4		)	289.6
Effect of exchange rate changes on cash and cash equivalents	(205.8		)	(24.7		)	16.3
Cash held for sale	(1.3		)	—			—
Increase (decrease) in cash and cash equivalents	(213.0		)	(203.5		)	188.2
Cash and cash equivalents — beginning of year	418.8			622.3			434.1
Cash and cash equivalents — end of year	$	205.8		$	418.8		$	622.3
Supplemental Information
Cash paid during the year for:
Income tax payments	$	22.5		$	33.5		$	38.8
Interest paid	$	111.0		$	93.6		$	64.5
Non-cash investing and financing activities:
Capital expenditures included in accounts payable	$	20.5		$	23.3		$	27.4

See accompanying Notes to Consolidated Financial Statements.

65

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Consolidated Statements of Changes in Total Equity (dollars in millions, share amounts in thousands)

				General Cable Total Equity
	Total			Preferred Stock					Common Stock				Add’l Paid in			Treasury			Retained			Accumulated Other Comprehensive			Total GCC			Noncontrolling
	Equity			Shares		Amount			Shares		Amount		Capital			Stock			Earnings			Income/(Loss)			Equity			Interest
Balance, December 31, 2011	$	1,437.9		76		$	3.8		49,698		$	0.6	$	666.7		$	(136.5	)	$	888.2		$	(97.4	)	$	1,325.4		$	112.5
Comprehensive income (loss)	4.6																		4.3			(7.2		)	(2.9		)	7.5
Preferred stock dividend	(0.3		)																(0.3		)				(0.3		)
Stock option and RSU expense	10.0												10.0												10.0
Exercise of stock options	0.1								14		—		0.1												0.1
Treasury shares related to nonvested stock vesting	(0.8		)						(25	)						(0.8		)							(0.8		)
Amortization of nonvested shares	2.3												2.3												2.3
Excess tax benefits (deficiencies) from stock-based compensation	(0.6		)										(0.6		)										(0.6		)
Dividends paid to noncontrolling interest	(3.5		)																									(3.5		)
Repurchase of common shares	(1.2		)						(50	)						(1.2		)							(1.2		)
Other	(0.3		)						56		—		(1.8		)	1.5									(0.3		)	—
Balance, December 31, 2012	$	1,448.2		76		$	3.8		49,693		$	0.6	$	676.7		$	(137.0	)	$	892.2		$	(104.6	)	$	1,331.7		$	116.5
Comprehensive income (loss)	(24.7		)																(17.8		)	(7.5		)	(25.3		)	0.6
Common stock dividends paid ($0.54 per share)	(26.7		)																(26.7		)				(26.7		)
Preferred stock dividends paid	(0.3		)																(0.3		)				(0.3		)
Stock option and RSU expense	12.0												12.0												12.0
Exercise of stock options	0.6								51				(0.1		)	0.7									0.6
Treasury shares related to nonvested stock vesting	(1.0		)						(32	)						(1.0		)							(1.0		)
Amortization of nonvested shares	1.0												1.0												1.0
Excess tax benefits (deficiencies) from stock-based compensation	(0.7		)										(0.7		)										(0.7		)
Purchase of noncontrolling interest	(4.0		)										8.2												8.2			(12.2		)
Dividends paid to noncontrolling interest	(5.3		)																						—			(5.3		)
Repurchase of shares	(19.5		)						(597	)						(19.5		)							(19.5		)
Conversion of Preferred Stock	—			(76	)	$	(3.8	)	384				3.8												—
Other	0.2								99				(1.3		)	1.5									0.2
Balance, December 31, 2013	$	1,379.8		—		$	—		49,598		$	0.6	$	699.6		$	(155.3	)	$	847.4		$	(112.1	)	$	1,280.2		$	99.6
Comprehensive income (loss)	(773.6		)																(627.6		)	(151.3		)	(778.9		)	5.3
Common stock dividend ($0.72 per share)	(35.4		)																(35.4		)				(35.4		)
Sale of Philippines	(31.5		)																						—			(31.5		)
Stock option and RSU expense	14.5												14.5												14.5
Exercise of stock options	0.3								20				(0.1		)	0.4									0.3
Treasury shares related to nonvested stock vesting	(1.8		)						(63	)						(1.8		)							(1.8		)
Amortization of nonvested shares	0.2												0.2												0.2
Excess tax benefits (deficiencies) from stock-based compensation	(0.5		)										(0.5		)										(0.5		)
Purchase of noncontrolling interest	(0.7		)										(1.9		)										(1.9		)	1.2
Dividends paid to noncontrolling interest	(6.2		)																						—			(6.2		)
Repurchase of shares	(30.7		)						(1,000	)						(30.7		)							(30.7		)
Other	(1.2		)						128				3.0			3.1									6.1			(7.3		)
Balance, December 31, 2014	$	513.2		—		$	—		48,683		$	0.6	$	714.8		$	(184.3	)	$	184.4		$	(263.4	)	$	452.1		$	61.1

See accompanying Notes to Consolidated Financial Statements.

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GENERAL CABLE CORPORATION AND SUBSIDIARIES

Notes to Consolidated Financial Statements

1. General

General Cable Corporation (the Company) is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company sells copper, aluminum and fiber optic wire and cable products worldwide. In 2014, the Company reorganized its reportable segments as a result of a change to what the chief operating decision maker uses to measure profitability and allocate resources. Accordingly, the Company analyzes its worldwide operations based on four geographical segments: North America, Europe, Latin America, and Africa/Asia Pacific. Additional financial information regarding the segments appears in Note 18 - Segment Information. As of December 31, 2014, General Cable operated 48 manufacturing facilities in 22 countries with regional distribution centers around the world in addition to the corporate headquarters in Highland Heights, Kentucky.

2.Summary of Significant Accounting Policies

Principles of Consolidation

The Company’s consolidated financial statements include the accounts of wholly-owned subsidiaries and majority-owned controlled subsidiaries. The Company records its investment in each unconsolidated affiliated Company (generally 20-50 percent ownership in which it has the ability to exercise significant influence) at its respective equity in net assets. Other investments (less than 20 percent ownership) are recorded at cost. All intercompany transactions and balances among the consolidated companies have been eliminated.

Use of Estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on historical experience and information that is available to management about current events and actions the Company may take in the future. Significant items subject to estimates and assumptions include valuation allowances for accounts receivable and deferred income taxes; legal, compliance, environmental and asbestos liabilities; uncertain tax positions; inventory costing and valuation, assets and obligations related to pension and other postretirement benefits; business combination accounting and related purchase accounting valuations; long-lived assets, goodwill and intangible valuations; financial instruments; self-insured workers’ compensation and health insurance reserves; and revenue recognized under the percentage-of-completion method. There can be no assurance that actual results will not differ from these estimates.

Historically, the Company has not experienced material changes in estimates as it relates to the revenue recognized under the percentage of completion method. However, in the fourth quarter of 2012 changes in estimates across all submarine turnkey projects in the Europe segment resulted in a reduction to gross profit of $27.5 million, with $20.8 million of the reduction associated with one certain submarine turnkey project at the Company's German submarine power cable manufacturing facility. Equipment failure at the German facility resulted in costs, for this particular project, related to cable damage, equipment repairs and ship rental of $13.3 million. Due to these failures the Company decided to use the zero-profit method of accounting for this project which resulted in a reduction of margin by an additional $7.5 million. In 2014, the Company completed a number of critical project milestones related to this project and resolved certain claims with the customer, as a result the Company determined to no longer use the zero-profit method. Based on this change in estimate and the resolution of certain claims, the Company's gross profit increased $18.3 million in the year ended December 31, 2014. There was no material impact to gross profit as a result of changes in estimates related to revenue recognition under the percentage of completion method in 2013.

Revenue Recognition

The majority of the Company’s revenue is recognized when goods are shipped to the customer, title and risk of loss are transferred, pricing is fixed and determinable and collectability is reasonably assured. Most revenue transactions represent sales of inventory. A provision for payment discounts, product returns, warranty and customer rebates is estimated based upon historical experience and other relevant factors and is recorded within the same period that the revenue is recognized. A portion of the Company’s revenue consists of long-term product installation contract revenue that is recognized based on the percentage-of-completion method generally based on the cost-to-cost method if there are reasonably reliable estimates of total revenue, total cost, and the extent of progress toward completion; and there is an enforceable agreement between parties who can fulfill their contractual obligations. The Company reviews contract price and cost estimates periodically as the work progresses and reflects adjustments

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proportionate to the percentage-of-completion to income in the period when those estimates are revised. For these contracts, if a current estimate of total contract cost indicates a loss on a contract, the projected loss is recognized in full in the period when determined.

Stock-Based Compensation

The Company has various plans which provide for granting options and common stock to certain employees and independent directors of the Company and its subsidiaries. All share-based payments to employees, including grants of employee stock options, are recognized in the financial statements based on their fair values. The appropriate fair value model is used for valuing share-based payments and in determining the amortization method for the compensation cost for new awards, and to awards modified, repurchased or canceled after January 1, 2006. Information on General Cable’s equity compensation plans and additional information on compensation costs from stock-based compensation are described in Notes 14 and 15.

Earnings Per Share

Earnings or loss per common share-basic is determined by dividing net income applicable to common shareholders by the weighted average number of common shares-basic outstanding. Earnings per common share-assuming dilution is computed based on the weighted average number of common shares-assuming dilution outstanding which gives effect (when dilutive) to stock options, other stock-based awards, the assumed conversion of the Subordinated Convertible Notes, if applicable, and other potentially dilutive securities. Refer to discussion in Note 17 - Earnings Per Common Share.

Foreign Currency Translation

For operations outside the United States that prepare financial statements in currencies other than the U.S. dollar, results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at spot exchange rates at the end of the period. Foreign currency translation adjustments are included as a separate component of accumulated other comprehensive income (loss) in total equity. The effects of changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated are recorded as foreign currency transaction gains (losses) within other income (expense) in the Consolidated Statements of Operations and Comprehensive Income (Loss).

Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less from the date of purchase to be cash equivalents. Cash equivalents are carried at cost, which approximates fair value.

Accounts Receivable

The accounts receivable balance is recorded at the stated amount, less allowances for doubtful accounts, price discounts, and returns. At the time of the sale and at each quarter, the Company evaluates the accounts receivable balance to determine a best estimate for doubtful accounts, price discounts, and returns. The Company reviews general historical trends in the account, customer overdue balances, high risk accounts that have been specifically identified based on historical and current customer patterns, contractual obligations, and current economic conditions to determine an estimate for these allowances.

Inventories

Approximately 86% of the Company's inventories are valued using the average cost method and all remaining inventories are valued using the first-in, first-out (FIFO) method. During 2014, the Venezuelan entity recorded $9.5 million of lower of cost or market charges that were recognized. All inventories are stated at the lower of cost or market value.

The Company has consignment inventory at certain of its customer locations for purchase and use by the customer or other parties. General Cable retains title to the inventory and records no sale until it is ultimately sold either to the customer storing the inventory or to another party. In general, the value and quantity of the consignment inventory is verified by General Cable through either cycle counting or annual physical inventory counting procedures.

Property, Plant and Equipment

Property, plant and equipment are stated at cost, less accumulated depreciation. Costs assigned to property, plant and equipment relating to acquisitions are based on estimated fair values at the acquired date. Depreciation is provided using the straight-line method over the estimated useful lives of the assets: new buildings, from 15 to 50 years; and machinery, equipment and office furnishings, from 2 to 20 years. Leasehold improvements are depreciated over the life of the lease or over the useful life if shorter. The Company’s manufacturing facilities perform major maintenance activities during planned shutdown periods which traditionally occur in July and December, and costs related to major maintenance activities are expensed as incurred.

The Company evaluates the recoverability of the carrying amount of long-lived assets (including property, plant and equipment and intangible assets with determinable lives) whenever events or changes in circumstances indicate that the carrying amount of

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an asset may not be fully recoverable. The Company evaluates events or changes in circumstances based mostly on actual historical operating results, but business plans, forecasts, general and industry trends and anticipated cash flows are also considered. Impairment is assessed when the undiscounted expected future cash flows derived from an asset are less than its carrying amount. Impairment losses are measured as the amount by which the carrying value of an asset exceeds its fair value and are recognized in earnings. The Company also continually evaluates the estimated useful lives of all long-lived assets and, when warranted, revises such estimates based on current events. In the year ended December 31, 2014, the Company recorded asset-related costs of $117.5 million related to the Company's July restructuring plan, recorded asset impairment charges of $13.1 million related to a Brazil rod mill plant and $29.3 million related to the Venezuela operations. See Note 3 - Restructuring and Review of Strategic Alternatives and Operational Structure and Note 7 - Property, Plant and Equipment for additional details.

The Company evaluates long-lived assets to be sold or abandoned to determine if the long-lived assets shall be classified as held for sale. In October 2014, the Company announced the intent to divest all of the Company's operations in Africa and Asia Pacific. The Company reviewed each disposal group in the Company's Africa/Asia Pacific reportable segment to determine if the assets should be considered held for sale. In the fourth quarter of 2014, the Company committed to sell Dominion Wire & Cables Ltd, the Company's Fiji operations ("Fiji"), with assets of $12.6 million and liabilities of $1.2 million. At December 31, 2014, the Company classified Fiji's assets and liabilities as held for sale based on the criteria set forth in ASC 360. The assets held for sale were included in the Company's Assets held for sale caption and the liabilities held for sale were included in the Accrued liabilities caption of the Company's Consolidated Balance Sheet, respectively, at December 31, 2014. At December 31, 2014, the Company determined that the remaining disposals groups within the Africa/Asia Pacific segment did not meet the held for sale criteria set forth in ASC 360 primarily driven by management’s belief that the probability of a sale within one year is uncertain.

In addition, as of December 31, 2014, the Company had $13.1 million of property, plant and equipment within the Company's Assets held for sale caption of the Company's Consolidated Balance Sheet recorded as assets held for sale related to property, plant and equipment held for sale due to the July restructuring program. Assets held for sale are measured at the lower of its carrying amount or fair value less cost to sell and depreciation has ceased.

Goodwill and Intangible Assets

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. Goodwill is allocated to various reporting units, which are generally an operating segment or one level below the operating segment. The Company compares the fair value of each reporting unit to its carrying amount to determine if there is potential goodwill impairment. If the fair value of a reporting unit is less than its carrying value, an impairment loss is recorded to the extent that the fair value of the goodwill within the reporting unit is less than the carrying value of the goodwill. The impairment test for the Company’s indefinite-lived intangible assets involves comparing the fair value of the intangibles to their carrying values. If the carrying amount of an intangible asset with an indefinite life exceeds its fair value, an impairment loss would be recognized in the amount equal to the excess.

In the year ended December 31, 2014, the Company recognized impairment charges equal to the total recorded PDIC reporting unit goodwill of $155.1 million and the Company recognized $93.4 million of impairment charges related to the PDIC trade name. Our annual impairment test for both remaining goodwill and indefinite lived intangibles assets after the 2014 impairment charges indicated there was no impairment. However, future changes in judgments, assumptions and estimates that are used in our annual impairment testing, including discount and tax rates, future cash flow projections, or the long term growth rate could result in significantly different estimates of fair value; therefore, such changes could materially affect the financial statements in any given year.

Intangible assets that are not deemed to have an indefinite life, principally customer relationships and tradenames, are amortized over their useful lives based on the expected economic benefit consistent with the historical customer attrition rates.

Severance Expenses

In 2014, the Company announced restructuring plans. As a result, the Company has incurred restructuring costs which include employee separation costs. The charges relate to involuntary separations and the amounts are based on current salary levels and past service periods and are either considered one-time employee termination benefits in accordance with ASC 420 - Exit or Disposal Cost Obligations or as charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits. The charges are recognized when it is probable that a liability has been incurred and the amount of such liability is reasonably estimable. Management estimates must be applied to determine when it is appropriate to record restructuring accruals as well as assumptions in calculating the restructuring accruals as employees could choose to voluntarily leave the Company, forfeiting termination benefits. To the extent these assumptions and estimates change, there could be future subsequent adjustments to the accrual balance.

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Long-Term Debt

In accordance with ASC 470 - Debt, convertible debt instruments that may be settled in cash or other assets, or partially in cash, upon conversion, are separately accounted for as long-term debt and equity components (or conversion feature). The accounting applies to the Subordinated Convertible Notes. The debt component represents the Company’s contractual obligation to pay principal and interest and the equity component represents the Company’s option to convert the debt security into equity of the Company or the equivalent amount of cash. Upon issuance, the Company allocated the debt component on the basis of the estimated fair value of an identical debt instrument that it would issue excluding the convertible option and the remaining proceeds are allocated to the equity component. The bifurcation of the debt and equity components resulted in a debt discount for the aforementioned notes. In accordance with ASC 470 - Debt, the Company uses the interest method to amortize the debt discount to interest expense over the amortization period which is the expected life of the debt.

Derivative Financial Instruments

It is the Company’s policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. Derivative financial instruments are utilized to manage interest rate, commodity and foreign currency risk. ASC 815 - Derivatives and Hedging, as amended, requires that all derivatives be recorded on the balance sheet at fair value. At December 31, 2014, there were no derivatives that were designated as cash flow hedges.

Forward Pricing Agreements for Purchases of Copper and Aluminum

In the normal course of business, the Company enters into forward pricing agreements for purchases of copper and aluminum to match certain sales transactions. The Company accounts for these forward pricing arrangements under the “normal purchases and normal sales” scope exemption because these arrangements are for purchases of copper and aluminum that will be delivered in quantities expected to be used by the Company over a reasonable period of time in the normal course of business. For these arrangements, it is probable at the inception and throughout the life of the arrangements that the arrangements will not settle net and will result in physical delivery of the inventory. The Company expects to recover the cost of copper and aluminum under these agreements as a result of firm sales price commitments with customers. Refer to Note 11 - Financial Instruments.

Fair Value of Financial Instruments

The Company carries derivative assets, derivative liabilities and marketable equity securities held in a rabbi trust as part of the Company’s deferred compensation plan at fair value. The Company determines the fair market value of its financial instruments based on the fair value hierarchy established in ASC 820 - Fair Value Measurement.

Pension Plans

The Company provides retirement benefits through contributory and non-contributory qualified and non-qualified defined benefit pension plans covering eligible domestic and international employees as well as through defined contribution plans and other postretirement benefits. Benefits under General Cable’s qualified U.S. defined benefit pension plan generally are based on years of service multiplied by a specific fixed dollar amount, and benefits under the Company’s qualified non-U.S. defined benefit pension plans generally are based on years of service and a variety of other factors that can include a specific fixed dollar amount or a percentage of either current salary or average salary over a specific period of time. The amounts funded for any plan year for the qualified U.S. defined benefit pension plan are neither less than the minimum required under federal law nor more than the maximum amount deductible for federal income tax purposes. General Cable’s non-qualified unfunded U.S. defined benefit pension plans include a plan that provides defined benefits to select senior management employees beyond those benefits provided by other programs. The Company’s non-qualified unfunded non-U.S. defined benefit pension plans include plans that provide retirement indemnities to employees. Pension obligations for the non-qualified unfunded defined benefit pension plans are recognized in the Consolidated Balance Sheet and are based on local practices and regulations of the respective countries. General Cable makes cash contributions for the costs of the non-qualified unfunded defined benefit pension plans as the benefits are paid.

Loss Contingencies

The Company determines whether to disclose and/or accrue for loss contingencies based on an assessment of whether the risk of loss is remote, reasonably possible or probable. The Company's assessment is developed in consultation with its outside counsel and other advisers and is based on an analysis of possible outcomes. Loss contingency assumptions involve judgments that are inherently subjective and can involve matters that are in litigation, which, by its nature is unpredictable. The Company believes that its assessment of the probability of loss contingencies is reasonable, but because of the subjectivity involved and the unpredictable nature of the subject matter at issue, the Company's assessment may prove ultimately to be incorrect, which could materially impact the consolidated financial statements.

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Self-insurance

The Company is self-insured for certain employee medical benefits, workers’ compensation benefits, environmental and asbestos-related issues. The Company purchased stop-loss coverage in order to limit its exposure to any significant level of workers’ compensation claims in 2014 and 2013. Certain insurers are also partly responsible for coverage on many of the asbestos-related issues (refer to Note 19 - Commitments and Contingencies for information relating to the release of one of these insurers during 2006). Self-insured losses are accrued based upon estimates of the aggregate liability for uninsured claims incurred using the Company’s historical claims experience.

Concentration of Risk

General Cable sells a broad range of products globally. Concentrations of credit risk with respect to trade receivables are limited due to the large number of customers, including members of buying groups, composing General Cable’s customer base. General Cable customers generally receive a 30 to 60 day payment period on purchases from the Company, with certain exceptions in European, Mediterranean and Asian markets. Certain automotive aftermarket customers of the Company receive payment terms ranging from 45 days to 360 days, which is common in this particular market. Ongoing credit evaluations of customers’ financial condition are performed, and generally, no collateral is required. General Cable maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s estimates. Certain subsidiaries also maintain credit insurance for certain customer balances. Bad debt expense associated with uncollectible accounts for the years ended December 31, 2014, 2013 and 2012 was $9.9 million, $9.4 million and $21.9 million, respectively.

In North America, the Company has centralized the purchasing of its copper, aluminum and other significant raw materials to capitalize on economies of scale and to facilitate the negotiation of favorable purchase terms from suppliers. In 2014, the Company’s largest supplier of copper rod accounted for approximately 70% of its North American copper purchases while the largest supplier of aluminum rod accounted for approximately 50% of its North American aluminum purchases. The Company’s non-North America operations purchase copper and aluminum rod from many suppliers or brokers with each generally providing a small percentage of the total copper and aluminum rod purchased or internally produce copper and aluminum rod for production needs.

Venezuela has foreign exchange and price controls which have historically limited the Company’s ability to convert bolivars to U.S. dollar and transfer funds out of Venezuela. In Venezuela, government restrictions on the transfer of cash out of the country have limited the Company’s ability to repatriate cash. Approximately 15% and 46% of the consolidated cash balance as of December 31, 2014 and December 31, 2013, respectively, was held in Venezuela. The operating cash flows attributable to Venezuela was $26.2 million and $97.4 million for the years ended December 31, 2014 and 2013, respectively, as compared to the Company's operating cash flows of $133.2 million and $38.2 million for the years ended December 31, 2014 and 2013, respectively.

At December 31, 2014, $44.3 million of requests of U.S. dollars to settle U.S. dollar denominated intercompany payables remained pending over 180 days, which we expect will be settled at the SICAD 2 rate. Currency exchange controls in Venezuela continue to limit our ability to remit funds from Venezuela. We do not consider the net assets of Venezuela to be integral to our ability to service our debt and operational requirements.

In addition, in the fourth quarter of 2014, the Venezuelan government's default risk increased substantially as external finances continued to deteriorate due to the strong decrease in oil prices. Based on the increased default risk, the Company recognized a $10.3 million charge for the long-term value added tax receivable from the Venezuelan government.

Income Taxes

The Company is subject to income tax in numerous United States federal, state, and foreign jurisdictions. Significant judgments and estimates are inherent in determining the Company's consolidated income tax expense, current tax payable, deferred tax assets and liabilities, and liabilities for uncertain tax positions. Future events such as changes in business conditions, tax legislation, tax audit resolutions, or foreign earnings repatriation plans could materially impact these estimates and the Company's tax position.

Deferred tax assets and liabilities are determined based on the differences between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. At December 31, 2014, the Company had recorded a net deferred tax liability of $134.7 million ($24.0 million net current deferred tax asset less $158.7 million net long term deferred tax liability). The valuation of deferred tax assets is dependent on, among other things, the ability of the Company to generate a sufficient level of future taxable income. In estimating future taxable income, the Company has considered both positive and negative evidence, such as historical and forecasted results of operations, including prior losses, and has considered the implementation of prudent and feasible tax planning strategies. As of December 31, 2014, the Company recorded a valuation allowance of $145.4 million to reduce deferred tax assets to the amount judged more likely than not to be realized. The Company has and will continue to review on a quarterly basis its assumptions and tax planning strategies, and, if the amount of the estimated realizable deferred tax assets is less than the amount currently on the balance sheet, the Company would reduce its deferred tax asset, recognizing a non-cash charge against reported earnings. Likewise, if the Company determines

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that a valuation allowance against a deferred tax asset is no longer appropriate, the adjustment to the valuation allowance would reduce income tax expense.

The Company operates in multiple jurisdictions with complex tax policies and regulations. In certain jurisdictions, the Company has taken tax positions that it believes are supportable, but which could be subject to challenge by the tax authorities. These tax positions are evaluated and liabilities for uncertain tax positions are established in accordance with the ASC 740 - Income Taxes tax accounting guidance. The status of uncertain tax positions is reviewed in light of changing facts and circumstances, such as tax audits, rulings, and case law, and the related liabilities are adjusted accordingly.

The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). Accrued interest and penalties are included within the related tax liability line item in the Consolidated Balance Sheets.

Shipping and Handling Costs

All shipping and handling amounts billed to a customer in a sales transaction are classified as revenue. Shipping and handling costs associated with storage and handling of finished goods and storage and handling of shipments to customers are included in cost of sales and totaled $157.2 million, $163.5 million and $150.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Advertising Expense

Advertising expense consists of expenses relating to promoting the Company’s products, including trade shows, catalogs, and e-commerce promotions, and is charged to expense when incurred. Advertising expense was $14.2 million, $13.3 million and $10.7 million in 2014, 2013 and 2012, respectively.

New Accounting Pronouncements

During the year ended December 31, 2014, the Company did not change any of its existing accounting policies that are expected to have a significant effect on the consolidated financial statements. The following accounting pronouncements were adopted and became effective with respect to the Company in 2014 or will become effective with respect to the Company:

In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity", which raises the threshold for determining which disposals are required to be presented as discontinued operations and modifies related disclosure requirements. The revised accounting guidance applies prospectively to all disposals (or classifications as held for sale) of components of an entity and for businesses that, upon acquisition, are classified as held for sale on or after adoption. Early adoption is permitted for disposals (or classifications as held for sale) that have not been previously reported in financial statements. The Company elected to early adopt the guidance and implemented ASU 2014-08 for the year ended December 31, 2014. The effects of applying the revised guidance will vary based upon the nature and size of future disposal transactions. It is expected that fewer disposal transactions will meet the new criteria to be reported as discontinued operations. There were no disposals of components of the Company that were reported as discontinued operations in the year ended December 31, 2014. The Company will continually evaluate the status of discontinued operations each quarter to ensure compliance with ASU 2014-08 requirements.

In October 2014, the Company announced the intent to divest all of the Company's operations in Africa and Asia Pacific. The Company assessed the discontinued operations financial reporting treatment for those businesses which were announced for divestiture. Management believes the planned actions may meet the requirements of a strategic shift; however, all of the conditions do not meet the requirements to be considered held for sale at December 31, 2014. This is primarily driven by management's belief that the probability of the sale within one year is uncertain. In addition, there is uncertainty regarding the ultimate outcome for each entity which could include possible abandonment. Therefore, when considered as a group of components, the discontinued operations criteria is not met under ASU 2014-08.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. The Company will adopt the standard on January 1, 2017. The Company is evaluating the impact that the standard will have on its Consolidated Financial Statements.

In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period." This standard provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

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3.    Restructuring and Review of Strategic Alternatives and Operational Structure

July 2014 restructuring program

In July 2014, the Company announced a comprehensive restructuring program. The restructuring program, which builds on the Company's previously launched productivity and asset optimization plans, is focused on the closure of certain underperforming assets as well as the consolidation and realignment of other facilities. The Company is also implementing initiatives to reduce selling, general and administrative ("SG&A") expenses globally.

The Company expects to incur approximately $190 million in before-tax restructuring charges. The expected costs are $13 million in the North America segment, $126 million in the Europe segment, $33 million in the Latin America segment and $18 million in the Africa/Asia Pacific segment. As of December 31, 2014 and for the year ended December 31, 2014, aggregate and total costs incurred were $166.3 million. As of December 31, 2014 and for the year ended December 31, 2014, aggregate and total costs incurred were $6.8 million in the North America segment, $115.6 million in the Europe segment, $28.7 million in the Latin America segment and $15.2 million in the Africa/Asia Pacific segment, respectively. For the year ended December 31, 2014, approximately $151.7 million of these charges were recorded in the Cost of sales caption and $14.6 million were recorded in SG&A expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss), respectively. Restructuring costs incurred consist primarily of employee separation costs and asset-related costs to exit or realign facilities. The Company is also incurring other costs as outlined below. Changes in the restructuring reserve and activity for the year ended December 31, 2014 are below (in millions):

	Employee Separation Costs			Asset-Related Costs			Other Costs			Total
Total expected restructuring charges	$	50.0		$	120.0		$	20.0		$	190.0
Balance, December 31, 2013	$	—		$	—		$	—		$	—
Net provisions	38.7			117.5			10.1			166.3
Net benefits charged against the assets	—			(117.5		)	(8.4		)	(125.9		)
Payments	(4.3		)	—			(0.7		)	(5.0		)
Foreign currency translation	(2.0		)	—			—			(2.0		)
Balance, December 31, 2014	$	32.4		$	—		$	1.0		$	33.4
Remaining expected restructuring charges	$	11.3		$	2.5		$	9.9		$	23.7

Employee Separation Costs

The Company recorded employee separation costs of $38.7 million in the year ended December 31, 2014. The employee separation charges were $2.2 million in North America, $33.4 million in Europe, $2.7 million in Latin America, and $0.4 million in Africa/Asia Pacific for the year ended December 31, 2014.

Employee separation costs include severance, retention bonuses and pension costs. As of December 31, 2014, employee separation costs included severance charges for approximately 980 employees; approximately 770 of these employees were classified as manufacturing employees and approximately 210 of these employees were classified as non-manufacturing employees. The charges relate to involuntary separations and the amounts are based on current salary levels and past service periods and are either considered one-time employee termination benefits in accordance with ASC 420 - Exit or Disposal Cost Obligations or as charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits.

Asset-Related Costs

The Company recorded asset-related restructuring costs of $117.5 million in the year ended December 31, 2014. The long-lived asset impairment charges were $3.2 million in North America, $80.1 million in Europe, $20.9 million in Latin America and $13.3 million in Africa/Asia Pacific for the year ended December 31, 2014.

Asset-related costs consist of both asset write-downs and accelerated depreciation. Asset write-downs relate to the establishment of a new fair value basis for assets to be classified as held-for-sale or to be disposed of, as well as asset impairment charges for asset groups to be held-and-used in locations which are being restructured and it has been determined the undiscounted cash flows expected to result from the use and eventual disposition of the assets are less than their carrying value. Charges for accelerated depreciation relate to long-lived assets that will be taken out of service prior to the end of their normal service period. Management

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will continue to evaluate the recoverability of the carrying amount of its long-lived assets as the global restructuring program is executed.

To determine the fair value, a current appraisal of each impaired asset groups' machinery and equipment and real property, as applicable, was performed utilizing standard valuation approaches, which incorporate Level 3 inputs. The Company assesses impairment at the asset group level which represents the lowest level for which identifiable cash flows can be determined independent of other groups of assets and liabilities. The asset groups at the Company are primarily each manufacturing unit, unless the cash flows of the manufacturing unit are not independent due to shared production, distribution and sale of the finished product. The Company considered the expected net cash flows to be generated by the use of each asset group, as well as the expected cash proceeds from the disposition of the assets, if any, to determine fair value. The impairment charges were recorded in the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

The Company notes the plan to abandon a long-lived asset before the end of its previously estimated useful life is a change in accounting estimate per ASC 250 - Accounting Changes and Error Corrections. The annual depreciation impact from the asset write-downs and changes in estimated useful lives is immaterial.

Other Costs

The Company recorded other restructuring-type charges of $10.1 million for the year ended December 31, 2014. The other restructuring-type charges were $1.4 million in North America, $2.1 million in Europe, $5.1 million in Latin America and $1.5 million Africa/Asia Pacific in the year ended December 31, 2014.

Other restructuring-type charges are incurred as a direct result of the restructuring program. Such charges primarily include working capital write-downs not associated with normal operations, equipment relocation, termination of contracts and other immaterial costs.

February 2014 restructuring program

In February 2014, as part of the Company's productivity and asset optimization plans, the Company announced the permanent closure of two manufacturing facilities in the electric utility business in North America. The Company expected to incur $10.0 million to $12.0 million, half of which was expected to be non-cash, in pre-tax costs in 2014 related to the closure of these two manufacturing facilities. For the year ended December 31, 2014, the Company incurred charges of $10.1 million related to these closures and other cost reductions. The total employee separation costs were $4.2 million, asset-related costs were $1.6 million and other costs were $4.3 million for the year ended December 31, 2014. The accrual balances related to these activities are immaterial at December 31, 2014.

October 2014 review of strategic alternatives and operational structure

The Company’s Board conducted a review of the Company’s strategic alternatives and operational structure and as a result, on October 23, 2014, the Company's Board took action to authorize a plan to exit all of the Company's operations in Asia Pacific and Africa in order to simplify the Company's geographic portfolio and reduce operational complexity. The October divestiture plan is focused on the sale and closure of the Company's non-core assets. As part of this plan the Company completed the sale of its interest in PDP and PDEP. See Note 4 - Acquisitions and Divestitures for further detail.

The Company expects to incur approximately $14 million in pre-tax charges all within the North America segment. Charges incurred for the year ended December 31, 2014 were immaterial. Costs incurred consist primarily of legal and transaction fees for the dispositions.

4.Acquisitions and Divestitures

Acquisitions

There were no acquisitions made in the years ended December 31, 2014 or 2013. The following acquisitions were made in the year ended December 31, 2012:

Alcan Cable North America

On September 4, 2012, the Company completed the acquisition of the North American business of Alcan Cable North America for $151.0 million, subject to additional customary adjustments of $20.3 million as anticipated in the purchase agreement, primarily related to estimated working capital levels at closing. The Company paid $171.3 million in cash to the sellers at closing in consideration for the North American business and expensed $3.3 million in fees and expenses related to the acquisition, reported within SG&A.

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Alcan Cable North America employs over 750 employees in North America and is a leading supplier of aluminum strip products and a leading supplier of both electrical and mechanical rod alloys around the globe. The acquisition was completed to create synergies, expand the range of product offerings, increase production capacity and complement the Company's current investments in Mexico.

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	September 4, 2012
Cash	$	—
Accounts receivable (1). (2)	74.7
Inventories(2)	70.7
Property, plant and equipment	72.7
Intangible assets	5.9
Goodwill(2)	3.5
Other current and noncurrent assets	2.2
Total assets	$	229.7
Current liabilities(2)	$	57.1
Other liabilities	1.3
Total liabilities	$	58.4

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

(2) Final purchase price accounting includes immaterial adjustments to Goodwill and other working capital accounts of approximately $4.3 million.

The primary factors that contributed to the acquisition price in excess of the fair value of net assets acquired and the establishment of goodwill was the expansion of product lines and production capacity in the United States and Canada as well as the strategic benefit of adding additional presence in the Mexican market. The resulting goodwill is amortizable for tax purposes.

Productora de Cables Procables S.A.S. (“Procables”)

On October 1, 2012, the Company participated in a share subscription for 60% of the outstanding and issued shares of Procables. The existing shareholders immediately prior to the subscription (the “Sellers” or “Minority Shareholders”) maintained control of the remaining 40% of the shares. The Company contributed $27.4 million to Procables in exchange for its 60% ownership interest. Procables used $24.0 million of the proceeds from the subscription to reduce its then existing debt of $48.1 million. The Company and the Minority Shareholders also agreed to certain put and call options with regard to the remaining 40% interest in Procables retained by the Minority Shareholders. For a 36-month period commencing on the fifth anniversary of the closing date, the Minority Shareholders may exercise a put option to sell their entire 40% interest in Procables to the Company. The Company shall be irrevocably obligated to purchase the shares (the "Put Option"). In addition, the Company has a call option (the "Call Option") to purchase the Minority Shareholders’ 40% interest in Procables, during the 36-month period commencing on the expiration of the Put Option period. The consideration to be exchanged, per share in the event of a Put Option or Call Option shall be the higher of the following (1) the final per share purchase price; or (2) a price per share based on the Company's enterprise value equal to seven times the average of its earnings before interest, taxes, depreciation and amortization (“EBITDA”) over the two most recently audited year-end financial statements immediately prior to the option being exercised, minus the 12-month average Net Indebtedness, as defined in the agreement, of the Company for the most recent audited fiscal year (“EBITDA average”). The Company determined that the Put Option is embedded within the noncontrolling interest shares that are subject to the Put Option. The redemption feature requires classification of the Minority Shareholder's interest in the Consolidated Balance Sheets outside of equity under the caption “Redeemable noncontrolling interest.” Refer to Note 16 - Redeemable Noncontrolling Interest for details of the put and call option. The Company expensed $0.6 million in fees and expenses related to the acquisition, reported within SG&A.

Procables employs over 500 employees, through its two manufacturing facilities in Bogota and Barranquilla, Colombia, and offers a broad range of wire and cable products, including low and medium voltage power cables, building wire, industrial, communications, and bare aluminum conductors as well as operating copper and aluminum rod mills. The acquisition of Procables was completed to enhance the Company's presence in the Andean Region, create synergies, increase production capacity and complement the Company's existing investments in Latin America.

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

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	October 1, 2012
Cash	$	28.8
Accounts receivable (1)	28.2
Inventories	19.3
Property, plant and equipment	27.0
Intangible assets	10.6
Goodwill	3.7
Other current and noncurrent assets	4.4
Total assets	$	122.0
Current liabilities	$	67.8
Other liabilities	8.5
Total liabilities	$	76.3
Redeemable noncontrolling interest	$	18.3

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

The primary factor which contributed to an acquisition price in excess of the fair value of net assets acquired and the establishment of goodwill was the strategy to enhance the Company's presence in this strategically important market in the Andean Region further solidifying the Company's geographic coverage throughout the Americas. The resulting goodwill is not amortizable for tax purposes.

Prestolite Wire, LLC ("Prestolite")

On November 2, 2012, the Company acquired Prestolite for $59.5 million. The operations include two manufacturing locations in Paragould, Arkansas and Nogales, Mexico. The Company expensed $0.6 million in fees and expenses related to the acquisition, reported within SG&A.

Through its manufacturing facilities in the United States and Mexico, the business offers a broad range of wire and cable and wire harness products serving predominately transportation OEMs, tier 1 wire harness manufacturers and distribution customers. Prestolite employs over 700 employees.

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	November 2, 2012
Cash	$	0.7
Accounts receivable (1)	22.7
Inventories	17.3
Property, plant and equipment	24.6
Intangible assets	11.7
Goodwill	7.8
Other current and noncurrent assets	2.0
Total assets	$	86.8
Current liabilities	$	20.1
Other liabilities	7.2
Total liabilities	$	27.3

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

The primary factors that contributed to the acquisition price in excess of the fair value of net assets acquired and the establishment of goodwill were the Company's ability to strategically grow its business with existing customers to capitalize on greater opportunities to offer existing products to new markets, and strengthening of its market strategies for both new and existing specialty industrial OEM and distribution customers. A portion of the goodwill is amortizable for tax purposes.

Alcan Cable China

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On December 3, 2012, the Company completed the acquisition of the Chinese business of Alcan Cable ("Alcan Cable China"), a related business of Alcan Cable North America, for $57.7 million. The Company expensed $1.1 million in fees and expenses related to the acquisition, reported within SG&A.

Alcan Cable China employs over 300 employees in China and was completed to create synergies, expand the range of product offerings, increase production capacity and complement the Company's current investment in China.

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	December 3, 2012
Cash	$	8.4
Accounts receivable (1)	8.5
Inventories	20.5
Property, plant and equipment(2)	58.8
Intangible assets	—
Goodwill	—
Other current and noncurrent assets	0.2
Total assets	$	96.4
Current liabilities	$	18.6
Other liabilities(2)	20.1
Total liabilities	$	38.7

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

(2) Final purchase price accounting includes immaterial adjustments to Property, plant, and equipment and Other liabilities of approximately $20 million.

The following table presents selected financial information, in millions, except per share data, from the actual condensed consolidated results of operations for the Company for the year ended December 31, 2012, including the operations of the aforementioned acquisitions and presents selected financial information from unaudited pro forma condensed consolidated results of operations for the Company for the year ended December 31, 2012 as though the acquisitions had been completed as of the beginning of that period. This pro forma information is intended to provide information regarding how the Company might have looked if the acquisition had occurred as of January 1, 2011. The pro forma adjustments represent management's best estimates based on information available at the time the pro forma information was prepared and may differ from the adjustments that may actually have been required. Accordingly, the pro forma financial information should not be relied upon as being indicative of the historical results that would have been realized had the acquisition occurred as of the dates indicated or that may be achieved in the future.

	2012		2012
	(as reported)		(unaudited pro forma)
Net sales	$	6,059.5	$	6,804.3
Net income (loss) attributable to Company common shareholders	$	4.0	$	22.7
Earnings (loss) per common share - assuming dilution	$	0.08	$	0.44

The unaudited pro forma results are based on historical results of operations, adjusted for the allocation of purchase price and other acquisition accounting adjustments, and are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisitions been completed on January 1, 2011. The unaudited pro forma financial information does not reflect any (i) integration costs that may be incurred as a result of the acquisition; (ii) synergies, operating efficiencies and costs savings that may result from the acquisition; or (iii) changes in commodities prices subsequent to the dates of such unaudited pro forma financial information. In addition, the unaudited pro forma financial information does not include any transition costs, restructuring costs or recognition of compensation expenses or other one-time charges that may be incurred in connection with integrating the operations of the Company and the acquired companies.

The Company also completed an acquisition in Brazil in 2012. The results of operations of the acquired business have been included in the Consolidated Financial Statements since the date of acquisition, and have been determined to be immaterial for disclosure purposes. There were no material acquisitions in the years ended December 31, 2014 and December 31, 2013.

Divestitures

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The following disposition was made in the year ended December 31, 2014:

The Company’s Board conducted a review of the Company’s strategic alternatives and operational structure and as a result, on October 23, 2014, the Company's Board took action to authorize a plan to exit all of the Company's operations in Asia Pacific and Africa. On December 22, 2014, the Company completed the sale of its interest in PDP and PDEP for cash consideration of $67.1 million. The Company sold its 60% interest to its joint venture partner, Anscor. The pre-tax gain on the sale from the disposition of PDP and PDEP; recognized in the year ended December 31, 2014 was $17.6 million and is included in the SG&A caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). The after-tax gain on the sale from the disposition of PDP and PDEP; recognized in the year ended December 31, 2014 was $9.6 million. The sale of PDP and PDEP does not represent a strategic shift that has (or will have) a major effect on the Company’s operations and financial results.

The results of PDP and PDEP are reported in the Africa/Asia Pacific segment for the years ended December 31, 2014, 2013 and 2012. The pre-tax profit of PDP and PDEP for the years ended December 31, 2014, 2013 and 2012 was $10.4 million, $13.6 million and $12.1 million, respectively. The pre-tax profit attributable to the Company for the years ended December 31, 2014, 2013 and 2012 was $6.2 million, $8.2 million and $7.3 million.

The sale of its interest in PDP and PDEP does not represent a strategic shift. The sale of PDP is considered a disposal of an individually significant component of an entity in the year ended December 31, 2014.

There were no divestitures in the years ended December 31, 2013 and December 31, 2012.

5.Other Income (Expense)

Other income and expense primarily includes foreign currency transaction gains or losses, which result from changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated as well as gains and losses on derivative instruments that are not designated as cash flow hedges. During 2014, 2013 and 2012, the Company recorded a $212.9 million loss, $66.7 million loss and a $2.9 million loss, respectively.

For 2014, other expense was primarily attributable to $83.1 million related to the Venezuela currency devaluation resulting from the remeasurement of the financial results at the 6.30 BsF per U.S. dollar rate to the SICAD 1 rate, $90.2 million related to the Venezuela currency devaluation resulting from the remeasurement of the financial results at the SICAD 1 rate to the SICAD 2 rate, $30.3 million of foreign currency transaction losses, and losses of $4.0 million on derivative instruments which were not designated as cash flow hedges.

For 2013, other expense was primarily attributable to $40.9 million related to the Venezuela currency devaluation, $3.9 million of foreign currency transaction losses which includes $17.0 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to currency devaluation on February 13, 2013, and losses of $21.9 million on derivative instruments that were not designated as cash flow hedges and ineffectiveness on derivatives designated as cash flow hedges.

For 2012, other expense was primarily attributable to the $4.5 million of foreign currency transaction losses and gains of $1.6 million on derivative instruments which were not designated as cash flow hedges and ineffectiveness on derivatives designated as cash flow hedges.

Refer to Note 22 - Venezuelan Operations for more information related to developments regarding the Company's Venezuelan operations.

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6.Inventories

During 2014, the Venezuelan subsidiary recorded $9.5 million of lower of cost or market charges that were recognized within the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). These charges are due to translation of local sales at higher foreign currency exchange rates that are subject to sales price caps under the new price controls law while the Company's cost for the copper component of its inventory is based on copper purchases at rates lower than the rates used to translate the financial results at the Company's Venezuela subsidiary. Therefore, management reduced Venezuela's inventory value to expected sales price (market value), which was lower than the recorded cost basis. Refer to Note 22 - Venezuelan Operations for the recent developments at the Venezuelan subsidiary.

As of December 31, 2014, all inventories are stated at the lower of cost or market value.

(in millions)	Dec 31, 2014		Dec 31, 2013
Raw materials	$	237.1	$	319.1
Work in process	166.5		190.1
Finished goods	615.2		730.4
Total	$	1,018.8	$	1,239.6

At December 31, 2014 and 2013, the Company had approximately $26.4 million and $32.5 million, respectively of consignment inventory at locations not operated by the Company with approximately 83% and 87%, respectively, of the consignment inventory located throughout the United States and Canada.

7.Property, Plant and Equipment

Property, plant and equipment consisted of the following (in millions):

	Dec 31, 2014			Dec 31, 2013
Land	$	73.9		$	120.8
Buildings and leasehold improvements	270.3			372.6
Machinery, equipment and office furnishings	905.1			1,290.6
Construction in progress	36.6			46.3
Total — gross book value	1,285.9			1,830.3
Less accumulated depreciation	(527.5		)	(738.3		)
Total — net book value	$	758.4		$	1,092.0

Depreciation expense totaled $110.1 million, $118.6 million and $102.5 million for the years ended December 31, 2014, 2013 and 2012, respectively.

2014 Venezuela Asset Impairment

Effective December 31, 2014, the Company expects that the majority of its Venezuelan subsidiary’s net monetary assets will be remeasured at the SICAD 2 rate since that is the rate the Company believes will be applicable for future dividend remittances. Due to the changes in the rate used to remeasure the financial statements of the Venezuelan subsidiary, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. This change is considered a significant adverse change for the Venezuela asset group. This change caused the Company to perform an asset impairment analysis of its Venezuelan business in accordance with ASC 360 “Property, Plant and Equipment”.

The Company developed its internal forward business plans and 2015 outlook to determine the undiscounted expected future cash flows derived from the Venezuela long-lived assets. Based on the internal projections developed by management, the Company determined that the undiscounted expected future cash flows were less than the carrying value of the assets. To determine the fair value, a current appraisal of the Venezuela machinery and equipment and real property assets was performed utilizing standard valuation approaches, which incorporate Level 3 inputs.  Based on the results of the analysis, the Company recorded an impairment charge of $29.3 million in the fourth quarter of 2014.  The impairment charge was recorded in the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). The Venezuela results are reported within the Latin America reporting segment.

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2014 Brazil Rod Mill Asset Impairment

The Brazil rod mill results are reported within the Latin America reportable segment. In the second half of 2014, the Company announced its intent to shut down the Brazil rod mill due to changes in the supply market. The change in the supply market was deemed a significant adverse change in the manner in which the Brazil rod mill will operate resulting in a change in the defined asset group. The asset group was deemed impaired as it no longer provides future benefits to the Company. To determine the fair value, the Company considered the expected net cash flows to be generated by the assets through the closure date, as well as the expected cash proceeds from the disposition of the assets utilizing standard valuation approaches, which incorporate Level 3 inputs. Based on the results of the analysis, the Company recorded an impairment charge of $13.1 million in the year ended December 31, 2014.  The impairment charge was recorded in the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

2013 Mexico Asset Impairment

In the second half of 2013, the Company’s executive management decided to no longer import building wire product into the United States manufactured in its Mexico unit ("Mexico"). This change was considered significant to the Mexican operation due to the associated revenue, profit and the influence on the overall results in Mexico from this United States business. This change coupled with pricing pressures in the Mexico market and a history of losses caused the Company to perform an asset impairment analysis of its Mexican business in accordance with ASC 360 “Property, Plant and Equipment”.

The Mexico results are reported within the Latin America reporting segment. The Mexico operations and assets include machinery and equipment which manufactures power cables, building wire and telephone cables. These three product lines have a significant amount of shared costs including advertising, sales force, data processing, accounting, and general management. The Company manages its business at a total Mexico level and has similar distribution methods. Therefore, based on the reporting structure, the lowest level of which identifiable cash flows that can be determined is the Mexico unit.

The Company developed its internal forward business plans and 2014 outlook under the guidance of new local and regional leadership to determine the undiscounted expected future cash flows derived from the Mexican long-lived assets. Based on the internal projections developed by executive management, the Company determined that the undiscounted expected future cash flows were less than the carrying value of the assets. To determine the fair value, a current appraisal of the Mexico machinery and equipment and real property assets was performed utilizing standard valuation approaches, which incorporate Level 3 inputs.  Based on the results of the analysis, the Company recorded an impairment charge of $14.0 million in the third quarter of 2013.  The impairment charge was recorded in the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

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8.Goodwill and Other Intangible Assets, net

The amounts of goodwill and indefinite-lived intangible assets were as follows (in millions):

	Goodwill												Indefinite-lived assets — Trade names
	North America			Latin America			Africa/Asia Pacific			Total			North America			Europe			Latin America			Africa/Asia Pacific			Total
Balance, December 31, 2012	$	13.6		$	91.0		$	83.0		$	187.6		$	2.4		$	0.5		$	93.6		$	39.3		$	135.8
Currency translation and other adjustments	4.0			(2.7		)	(4.3		)	(3.0		)	—			—			(3.5		)	(1.5		)	(5.0		)
Balance, December 31, 2013	$	17.6		$	88.3		$	78.7		$	184.6		$	2.4		$	0.5		$	90.1		$	37.8		$	130.8
Currency translation and other adjustments (1)	(0.6		)	(2.7		)	(0.7		)	(4.0		)	—			(0.1		)	(21.2		)	(13.6		)	(34.9		)
Goodwill and indefinite-lived asset impairment (2)	—			(82.6		)	(71.9		)	(154.5		)	(2.1		)	—			(68.9		)	(24.2		)	(95.2		)
Balance, December 31, 2014	$	17.0		$	3.0		$	6.1		$	26.1		$	0.3		$	0.4		$	—		$	—		$	0.7

(1) $19.4 million and $12.8 million of the currency translation and other adjustment related to the reclassification of the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years in the Latin America and Africa/Asia Pacific segments, respectively,

(2) The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Consolidated Statements of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

At December 31, 2014, the total accumulated goodwill impairment charge was $82.6 million prior to foreign currency translation adjustments, within the Latin America segment and $71.9 million prior to foreign currency translation adjustments, within the Africa / Asia Pacific segment. At December 31, 2014, the total accumulated indefinite-lived asset trade name impairment loss was $2.1 million, prior to foreign currency translation adjustments, within the North America segment, $68.9 million, prior to foreign currency translation adjustments, within the Latin America segment and $24.2 million, prior to foreign currency translation adjustments, within the Africa / Asia Pacific segment.

The amounts of other intangible assets were as follows (in millions):

	Dec 31, 2014			Dec 31, 2013
Amortized intangible assets:
Amortized intangible assets	$	168.4		$	139.5
Accumulated amortization	(99.8		)	(85.8		)
Foreign currency translation adjustment	(4.2		)	(1.6		)
Total Amortized intangible assets	$	64.4		$	52.1

Amortized intangible assets are stated at cost less accumulated amortization as of December 31, 2014 and 2013. Amortized intangible assets have been determined to have a useful life in the range of 7 to 12 years. The approximate weighted average useful life of the amortized intangible assets is 10 years. For customer relationships, the Company has accelerated the amortization expense to align with the historical customer attrition rates. All other amortized intangible assets are amortized on a straight-line basis. The amortization of intangible assets in 2014, 2013 and 2012 was $14.0 million, $12.5 million, and $11.5 million, respectively. The estimated amortization expense for the next five years is in millions of dollars: 2015 — $13.5 million, 2016 — $12.7 million, 2017 — $10.2 million, 2018 — $6.3 million, and 2019 — $5.9 million and $15.8 million thereafter.

2014 Goodwill and Indefinite-lived Intangible Impairment Testing

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. The Company completes its annual impairment test during the fourth quarter of each year. In addition, the Company evaluates the carrying amount between such annual valuations if events occur or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Events or circumstances may include, but are not limited to, a significant change in legal factors or in the business climate, adverse action or assessment by a regulator, unanticipated competition, loss of key personnel, possible sale or disposal of a reporting unit or a significant portion of a reporting unit, significant changes in financial projections or significant changes in the market capitalization. At December 31, 2013, the estimated fair value of the goodwill at our PDIC reporting unit and the indefinite-lived intangible assets exceeded their corresponding carrying amount including recorded goodwill; however, in the first quarter of 2014, the following events changed which reduced the fair value of the PDIC reporting unit:

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• Except certain cost of sales related to copper inventory, all of the BsF denominated revenues and expenses for future periods reflected remeasurement using the SICAD 1 rate versus the prior official rate of 6.30 BsF per U.S. dollar. Due to the changes in the currency exchange system and the rate used to remeasure the financial statements of the Venezuelan subsidiary, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional information.

• In the first quarter of 2014, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Company experienced a significant decline in its stock price, resulting in the Company’s market capitalization falling below its book value.

Based upon the combination of the above factors, the Company concluded that goodwill impairment indicators existed as of March 28, 2014. As a result, the Company performed an interim goodwill impairment analysis as of March 28, 2014. The Company engaged an outside valuation firm to assist in valuing the Company’s reporting unit and preparing the goodwill impairment analysis. To determine the fair value of the reporting unit (Level 3), the Company employed an income and market-based approach with each being weighted equally. Under the income approach, the Company used a discounted cash flow method to calculate the fair value based on the present value of estimated future cash flows. Assumptions used in the discounted cash flow method, such as forecasted operating results, expected growth rates, working capital needs, tax rates, and cost of capital, were based on the then current market conditions and were consistent with internal management projections. The cost of capital rate selected was based on consideration of the risks inherent in the investment and market rates of return available from alternative investments of similar type and quality as of the valuation date. The guideline public company method was used for the market approach. The approach provided an estimate of value using multiples of earnings derived from the market values of publicly traded companies in the wire and cable industry. In addition to the selection of guideline companies, the market approach included an analysis of the Company’s financial and operating performance risk, profitability, and growth as compared to the reporting unit.

The Company performed the first step (“Step 1”) of the goodwill impairment assessment at March 28, 2014. In Step 1 of the goodwill impairment test, the Company compared the fair value of the reporting unit, to its carrying amount, including goodwill of $154.5 million. Based on the results of the valuation, the carrying amount of the reporting unit exceeded the fair value. Based on the results of Step 1 of the impairment analysis and the preliminary results of Step 2, the Company believed that an impairment loss was probable and based on a preliminary estimate, after consultation with a third party valuation specialist, the Company recognized impairment charges equal to the total recorded PDIC goodwill of $82.9 million and $72.2 million in the Latin America and Africa/Asia Pacific reportable segments, respectively. The impairment charge was recorded in the goodwill impairment charge caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

In the second quarter of 2014, the Company completed Step 2 of the goodwill impairment test ("Step 2") to determine if any adjustment to the goodwill impairment charge was required. The Step 2 analysis required the Company to perform a theoretical purchase price allocation for the reporting unit to determine the implied fair value of goodwill and to compare the implied fair value of goodwill to the recorded amount of goodwill. Based on the analysis, no modification of the initial impairment estimate was required in the second quarter of 2014.

Based on the decrease of our cash flow projections for the PDIC reporting unit, the Company also completed an impairment test for the trade name in the first quarter of 2014. The fair value of the trade name is based on the discounted cash flows the trade name can be expected to generate in the future. Based on the results of the valuation, the carrying amount of the trade name exceeded the fair value. The impairment valuation resulted in $69.1 million and $24.3 million of impairment charges in the first quarter related to the PDIC trade name in the Latin America and Africa/Asia Pacific reportable segments, respectively. The impairment charge was recorded in the intangible asset impairment charges caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). In the second quarter of 2014 in connection with the completion of the above mentioned Step 2 analysis, the Company reassessed the remaining life of the PDIC trade name and concluded it was no longer indefinite. In the second quarter, the Company reclassified the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years based on increased political and economic instability in countries in which the trade name is utilized.

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9.Accrued Liabilities

Accrued liabilities consisted of the following (in millions):

	Dec 31, 2014		Dec 31, 2013
Payroll related accruals	$	75.0	$	83.8
Customers deposits and prepayments	64.2		93.2
Taxes other than income	30.4		36.5
Customer rebates	42.6		50.6
Insurance claims and related expenses	21.5		21.1
Current and deferred income tax liabilities	23.0		21.9
Derivative liability	7.1		7.0
Restructuring reserve	33.4		—
FCPA accrual	24.0		—
Other accrued liabilities	86.0		120.8
Total	$	407.2	$	434.9

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10. Long-Term Debt

(in millions)	Dec 31, 2014			Dec 31, 2013
North America
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(259.7		)	(261.5		)
Senior Floating Rate Notes	125.0			125.0
Revolving Credit Facility	136.8			225.0
Other	9.0			9.0
Europe
Credit facilities	—			0.3
Other	10.5			10.3
Latin America credit facilities	238.6			179.6
Africa/Asia Pacific credit facilities	47.7			69.7
Total debt	1,337.4			1,386.9
Less current maturities	403.5			250.3
Long-term debt	$	933.9		$	1,136.6

At December 31, 2014, maturities of long-term debt during the twelve month periods beginning December 31, 2015 through December 31, 2019 and thereafter were $403.5 million, $13.0 million, $1.8 million, $137.7 million and $0.8 million, respectively, and $780.6 million thereafter.

The fair value of the Company's long-term debt, as noted below, was estimated using quoted market prices.

5.75% Senior Notes due 2022

The Company's 5.75% Senior Notes are summarized in the table below:

	5.75% Senior Notes
(in millions)	December 31, 2014			December 31, 2013
Face Value	$	600.0		$	600.0
Fair Value (Level 2)	483.0			588.0
Stated Interest Rate	5.75		%	5.75		%
Interest Payment	Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022
Guarantee	Jointly and severally guaranteed by the Company's wholly owned U.S. subsidiaries

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875	%
	October 1, 2018	101.917	%
	October 1, 2019	100.958	%
	October 1, 2020 and thereafter	100.000	%

(1) The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

The 5.75% Senior Notes' indenture contains covenants that limit the ability of the Company and certain of its subsidiaries to (i) incur additional indebtedness and guarantee indebtedness; (ii) pay dividends or make other distributions or repurchase or redeem

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the Company's capital stock; (iii) purchase, redeem or retire debt; (iv) issue certain preferred stock or similar equity securities; (v) make loans and investments; (vi) sell assets; (vii) incur liens; (viii) enter into transactions with affiliates; (ix) enter into agreements restricting the Company's subsidiaries' ability to pay dividends; and (x) consolidate, merge or sell all or substantially all assets. However, these covenants are subject to exceptions and qualifications.

The 5.75% Senior Notes may also be repurchased at the option of the holders in connection with a change of control (as defined in the indenture governing the 5.75% Senior Notes) or in connection with certain asset sales.

Subordinated Convertible Notes

The Company’s Subordinated Convertible Notes Due 2029 outstanding as of December 31, 2014 and 2013 are as follows:

	Subordinated Convertible Notes Due 2029
(in millions)	Dec 31, 2014			Dec 31, 2013
Face value	$	429.5		$	429.5
Debt discount	(259.7		)	(261.5		)
Book value	169.8			168.0
Fair value (Level 1)	313.1			462.8
Maturity date	Nov 2029
Stated annual interest rate	4.50% until Nov 2019 2.25% until Nov 2029
Interest payments	Semi-annually: May 15 & Nov 15

The Company’s Subordinated Convertible Notes were issued on December 18, 2009 in the amount of $429.5 million. The notes and the common stock issuable upon conversion were registered on a Registration Statement on Form S-4, initially filed with the SEC on October 27, 2009, as amended and as declared effective by the SEC on December 18, 2009. At issuance, the Company separately accounted for the liability and equity components of the instrument, based on the Company’s nonconvertible debt borrowing rate on the instrument’s issuance date of 12.5%. At issuance, the liability and equity components were $162.9 million and $266.6 million, respectively. The equity component (debt discount) is being amortized to interest expense based on the effective interest method. The Subordinated Convertible Notes were issued to complete an exchange offer; therefore, all proceeds were used to extinguish the Company's previously held 1.00% Senior Convertible Notes due 2012. The Company incurred issuance fees and expenses of approximately $14.5 million as a result of the exchange offer which have been proportionately allocated to the liability and equity components of the new subordinate notes due in 2029. Additional terms have been summarized in the table below.

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The Company’s Subordinated Convertible Notes and terms are summarized in the tables below. For a discussion of the effects on earnings per share, refer to Note 17 - Earnings Per Common Share.

	Subordinated Convertible Notes due 2029 (1)
Conversion Rights — The notes are convertible at the option of the holder into the Company’s common stock upon the occurrence of certain events, including	(i) during any calendar quarter commencing after March 31, 2010, in which the closing price of the Company’s common stock is greater than or equal to 130% of the conversion price for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the preceding calendar quarter (establishing a contingent conversion price of $47.78);
	(ii) during any five business day period after any five consecutive trading day period in which the trading price per $1,000 principal amount of the notes for each day of that period is less than 98% of the product of the closing sale price of the Company’s common stock and the applicable conversion rate;
	(iii) certain distributions to holders of the Company’s common stock are made or upon specified corporate transactions including a consolidation or merger;
	(iv) a fundamental change as defined; and
	(v) at any time during the period beginning on August 31, 2029 and ending on the close of business on the business day immediately preceding the stated maturity date.
	(vi) On or after November 15, 2019, the Company may redeem all or a part of the notes for cash at a price equal to 100% of the principal amount of the notes, plus interest, if the price of our common stock has been at least 150% of the conversion price then in effect for at least 20 trading days during the 30 consecutive trading day period immediately preceding the date on which notice is given
Initial conversion rate	$36.75 per share — approximating 27.2109 shares per $1,000 principal amount of notes
Upon conversion	A holder will receive, in lieu of common stock, an amount of cash equal to the lesser of (i) the principal amount of the notes, or (ii) the conversion value, determined in the manner set forth in the indenture governing the notes, of a number of shares equal to the conversion rate.
	If the conversion value exceeds the principal amount of the notes on the conversion date, the Company will also deliver, at the Company’s election, cash or common stock or a combination of cash and common stock with respect to the conversion value upon conversion.
	If conversion occurs in connection with a “fundamental change” as defined in the notes indenture, the Company may be required to repurchase the notes for cash at a price equal to the principal amount plus accrued but unpaid interest.
	If conversion occurs in connection with certain changes in control, the Company may be required to deliver additional shares of the Company’s common stock (a “make whole” premium) by increasing the conversion rate with respect to such notes.
Share issuable upon conversion	The Company may issue additional share up to 11,686,075 under almost all conditions and up to 14,315,419 under the “make-whole” premium
Guarantee	None

(1) In the event of a “fundamental change” or exceeding the aforementioned average pricing thresholds, the Company would be required to classify the amount outstanding as a current liability.

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Senior Floating Rate Notes

	Senior Floating Rate Notes
(in millions)	Dec 31, 2014			Dec 31, 2013
Face value	$	125.0		$	125.0
Fair value (Level 1)	123.8			124.1
Interest rate	2.6		%	2.6		%
Interest payment	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	Apr 2015
Guarantee	Jointly and severally guaranteed by the Company’s wholly-owned U.S. subsidiaries

The Company may, at its option, redeem the Senior Floating Rate Notes, in whole or in part, at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest and unpaid interest. The Senior Floating Rate Notes may also be repurchased at the option of the holders in connection with a change of control (as determined in the indenture governing the Senior Floating Rate Notes) or in connection with certain asset sales.

The Senior Floating Rate Notes’ indenture contains covenants that limit the ability of the Company and certain of its subsidiaries to (i) pay dividends on, redeem or repurchase the Company’s capital stock; (ii) incur or guarantee additional indebtedness; (iii) make investments; (iv) create liens; (v) sell assets; (vi) engage in certain transactions with affiliates; (vii) create or designate unrestricted subsidiaries; and (viii) consolidate, merge or transfer all or substantially all assets. However, these covenants are subject to important exceptions and qualifications, one of which will permit the Company to declare and pay dividends or distributions so long as there is no default on the Notes and the Company meets certain financial conditions.

Proceeds from the Senior Floating Rate Notes, combined with the $200.0 million7.125% Senior Notes that were repaid in 2013, less approximately $7.9 million of cash payments for fees and expenses that are being amortized over the life of the Notes, were used to pay approximately $285.0 million for the 9.5% Senior Notes, $9.3 million for accrued interest on the 9.5% Senior Notes and $20.5 million for tender fees and the inducement premium on the 9.5% Senior Notes, leaving net cash proceeds of approximately $2.3 million which were used for general corporate purposes.

Asset-Based Revolving Credit Facility (“Revolving Credit Facility”)

On July 21, 2011, the Company entered into a $400 million Revolving Credit Facility, which was first amended in 2012 to increase the facility size to $700 million and then subsequently amended and restated on September 6, 2013 and further amended on October 22, 2013, May 20, 2014, September 23, 2014 and October 28, 2014, to, among other things, increase the Revolving Credit Facility to $1.0 billion, $630 million of which may be borrowed by the U.S. borrower, $300 million of which may be borrowed by the European borrowers and $70 million of which may be borrowed by the Canadian borrower. The Revolving Credit Facility contains restrictions including limitations on, among other things, distributions and dividends, acquisitions and investments, indebtedness, liens and affiliate transactions. The Revolving Credit Facility provides the Company with flexibility and the restrictions in the Revolving Credit Facility generally only apply in the event that the Company's availability under the Revolving Credit Facility falls below certain specific thresholds.

The Revolving Credit Facility has a maturity date of September 6, 2018. The maturity date of the Revolving Credit Facility would have automatically become due December 31, 2014, if the Company's Senior Floating Rate Notes were not refinanced with indebtedness that matures or is mandatorily redeemable or is redeemable at the option of the holders thereof not earlier than the date that is 6 months after September 6, 2018 unless, if such notes were not refinanced, there was at least $100 million of availability under the Revolving Credit Facility and the fixed charge coverage ratio (as defined in the Revolving Credit Facility) was not less than 1.15 to 1.00, in each case after giving pro forma effect to the repayment of such notes. In the fourth quarter, the Company obtained a limited waiver eliminating the pro forma effect to the repayment of the notes for the calculation of the fixed charge coverage ratio. Based on the modified calculation the Company was in compliance as of December 31, 2014. The fixed charge coverage ratio was 1.29 to 1.00 at December 31, 2014. The commitment amount under the Revolving Credit Facility may be increased by an additional $250 million, subject to certain conditions and approvals as set forth in the Revolving Credit Facility. The Company capitalized $4.9 million in 2013 and $2.3 million in 2012 in deferred financing costs in connection with the Revolving Credit Facility. The Revolving Credit Facility requires maintenance of a minimum fixed charge coverage ratio of 1.00 to 1.00 if availability under the Revolving Credit Facility is less than the greater of $100 million or 10% of the then existing aggregate lender commitment under the Revolving Credit Facility. The fair value of the Revolving Credit Facility approximates the carrying value.

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Indebtedness under our Revolving Credit Facility is secured by: (a) for US borrowings under the facility, a first priority security interest in substantially all of our domestic assets and, (b) for Canadian and European borrowings under the facility, a first priority security interest in substantially all of our domestic and Canadian assets and certain assets of our Spanish, French and German subsidiaries party to the facility.   In addition, the lenders under our Revolving Credit Facility have received a pledge of (i) 100% of the equity interests in all of the Company's domestic subsidiaries, and (ii) 65% of the voting equity interests in and 100% of the non-voting equity interests in certain of our foreign subsidiaries, including our Canadian subsidiaries and our Spanish, French and German subsidiaries party to the Revolving Credit Facility. Borrowings under the Revolving Credit Facility bear interest at interest rate bases elected by the Company plus an applicable margin calculated quarterly based on the Company's average availability and Total Consolidated Leverage Ratio as set forth in the credit agreement. The Revolving Credit Facility also requires the payment of a commitment fee equal to the available but unused commitments multiplied by an applicable margin of either 0.25% or 0.375% based on the average daily unused commitments.

The Company's Revolving Credit Facility as of the respective dates is summarized in the table below:

	Revolving Credit Facility
(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	136.8		$	225.0
Total credit under facility	1,000.0			1,000.0
Undrawn availability(1)	425.0			298.4
Interest rate	2.1		%	2.0		%
Outstanding letters of credit	$	58.5		$	112.7
Original issuance	Jul 2011
Maturity date	Sept 2018

^{(1) Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2014 is $257.7 million, $54.3 million and $113.0 million, respectively.}  

^{Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 is $102.1 million, $53.1 million and $143.2 million, respectively.}  

Latin America Credit Facilities

The Company’s Latin America credit facilities are summarized in the table below:

(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	238.6		$	179.6
Undrawn availability	79.6			204.4
Interest rate — weighted average	6.1		%	4.2		%
Maturity date	Various; $228.2 million due within one year

The Company’s Latin America credit facilities are short term loans utilized for working capital purposes. The fair value of the Latin America credit facilities approximates the carrying value due to the short term nature of the facilities.

Africa/Asia Pacific Credit Facilities

The Company’s Africa/Asia Pacific credit facilities are summarized in the table below:

(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	47.7		$	69.7
Undrawn availability	62.0			125.3
Interest rate — weighted average	5.3		%	5.1		%
Maturity date	Various; $47.7 million due within one year

The Company’s Africa/Asia Pacific credit facilities are short term loans utilized for working capital purposes. The fair value of the Africa/Asia Pacific credit facilities approximates the carrying value due to the short term nature of the facilities.

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11.Financial Instruments

The Company is exposed to various market risks, including changes in interest rates, foreign currency and raw material (commodity) prices. To manage risks associated with the volatility of these natural business exposures, the Company enters into interest rate, commodity and foreign currency derivative agreements, as well as copper and aluminum forward pricing agreements. The Company does not purchase or sell derivative instruments for trading purposes. The Company does not engage in derivative contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques.

In 2013 and 2012, the Company utilized interest rate swaps to manage its interest expense exposure by fixing its interest rate on portions of the Company’s floating rate debt. The Company did not provide or receive any collateral specifically for these contracts. The fair value of these financial derivatives which were designated as and qualified as cash flow hedges were based on quoted market prices which reflect the present values of the difference between estimated future variable-rate receipts and future fixed-rate payments. In 2013, the Company repaid the outstanding obligations that utilized interest rate swaps.

The Company enters into commodity instruments to hedge the purchase of copper, aluminum and lead in future periods and foreign currency exchange contracts principally to hedge the currency fluctuations in certain transactions denominated in foreign currencies, thereby limiting the Company's risk that would otherwise result from changes in exchange rates. Principal transactions hedged during the year were firm sales and purchase commitments. The fair value of foreign currency contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices.

The Company accounts for these commodity instruments and foreign currency exchange contracts as cash flow or economic hedges. There were no derivatives that were designated as cash flow hedges at December 31, 2014 and December 31, 2013. There were derivatives that were designated as cash flow hedges at December 31, 2012. In the year ended December 31, 2014, there was no activity related to derivatives that were designated as cash flow hedges. In the years ended December 31, 2013 and December 31, 2012, there was activity related to derivatives that were designated as cash flow hedges. Changes in the fair value of derivatives that were designated as cash flow hedges are recorded in other comprehensive income and reclassified to the income statement when the effects of the items being hedged are realized. Changes in the fair value of economic hedges are recognized in current period earnings.

Fair Value of Derivatives Instruments

The notional amounts and fair values of derivatives designated as cash flow hedges and derivatives not designated as cash flow hedges at December 31, 2014 and December 31, 2013 are shown below (in millions).

	December 31, 2014						December 31, 2013
	Notional		Fair Value				Notional		Fair Value
(in millions)	Amount		Asset (1)		Liability (2)		Amount		Asset (1)		Liability (2)
Derivatives not designated as cash flow hedges:
Commodity futures	$	106.4	$	0.5	$	3.9	$	173.7	$	1.2	$	7.6
Foreign currency exchange	154.7		$	4.9	4.2		223.2		6.0		1.7
			$	5.4	$	8.1			$	7.2	$	9.3

(1) Balance recorded in “Prepaid expenses and other” and “Other non-current assets”

(2) Balance recorded in “Accrued liabilities” and “Other liabilities”

As of  December 31, 2014 and December 31, 2013, all financial instruments held by the Company were subject to enforceable master netting arrangements held by various financial institutions. In general, the terms of our agreements provide that in the event of an early termination the counterparties have the right to offset amounts owed or owing under that and any other agreement with the same counterparty.  The Company's accounting policy is to not offset these positions in the Consolidated Balance Sheets.  As of  December 31, 2014 and December 31, 2013, the net positions of the enforceable master netting agreements are not significantly different from the gross positions noted in the table above. Depending on the extent of an unrealized loss position on a derivative contract held by the Company, certain counterparties may require collateral to secure the Company's derivative contract position. As of December 31, 2014 and December 31, 2013, there were no contracts held by the Company that required collateral to secure the Company’s derivative liability positions.

For derivative instruments that were designated and qualified as cash flow hedges during 2013 and 2012, the effective portion of the unrealized gain and loss on the derivative was reported as a component of accumulated other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affected earnings, which generally occurs over periods of less than one year. Gain and loss on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness were recognized in current earnings.

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	Year ended December 31, 2013
	Effective portion recognized in Accumulated OCI			Reclassified from Accumulated OCI
(in millions)	Gain / (Loss)			Gain / (Loss)			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.1		$	(0.1	)	Interest Expense
Commodity futures	(1.3		)	(1.9		)	Cost of Sales
Total	$	(1.2	)	$	(2.0	)

	Year ended December 31, 2012
	Effective portion recognized in Accumulated OCI			Reclassified from Accumulated OCI			Ineffective portion and amount excluded from effectiveness testing
(in millions)	Gain / (Loss)			Gain / (Loss)			Gain / (Loss) (1)			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.3		$	—		$	—		Interest Expense
Commodity futures	4.8			(3.3		)	(0.3		)	Cost of Sales
Foreign currency exchange	(0.2		)	(1.1		)	—			Other income /(expense)
Total	$	4.9		$	(4.4	)	$	(0.3	)

(1) The ineffective portion and the amount excluded from effectiveness testing for all derivatives designated as cash flow hedges is recognized in other income and expense.

For derivative instruments that are not designated as cash flow hedges, the unrealized gain or loss on the derivatives is reported in current earnings. For the years ended December 31, 2014 and December 31, 2013, the Company recorded a loss of $4.0 million and $20.1 million for derivative instruments not designated as cash flow hedges in other income (expense). For the year ended December 31, 2012, the Company recorded a gain of $3.0 million for derivative instruments not designated as cash flow hedges in other income (expense). No pre-tax gains or losses are expected to be reclassified into earnings from other comprehensive income during 2015.

Other Forward Pricing Agreements

In the normal course of business, the Company enters into forward pricing agreements for the purchase of copper and aluminum for delivery in a future month to match certain sales transactions. The Company accounts for these forward pricing arrangements under the “normal purchases and normal sales” scope exemption because these arrangements are for purchases of copper and aluminum that will be delivered in quantities expected to be used by the Company over a reasonable period of time in the normal course of business. For these arrangements, it is probable at the inception and throughout the life of the arrangements that the arrangements will not settle net and will result in physical delivery of the inventory. At December 31, 2014 and 2013, the Company had $11.6 million and $10.1 million, respectively, of future copper and aluminum purchases that were under forward pricing agreements. At December 31, 2014 and 2013, the Company had an unrealized loss of $0.4 million and an unrealized gain of $0.5 million, respectively, related to these transactions. The fair market value of the forward pricing agreements was $11.2 million and $10.6 million at December 31, 2014 and 2013, respectively. The Company expects the unrealized losses under these agreements to offset firm sales price commitments with customers. Depending on the extent of the unrealized loss position on certain forward pricing agreements, certain counterparties may require collateral to secure the Company’s forward purchase agreements. There were no funds posted as collateral as of December 31, 2014 or 2013.

12.Income Taxes

For financial reporting purposes, income before income taxes includes the following components (in millions):

	Year Ended
	Dec 31, 2014			Dec 31, 2013		Dec 31, 2012
United States	$	(5.1	)	$	2.0	$	38.4
Foreign	(631.0		)	25.0		48.5
Total	$	(636.1	)	$	27.0	$	86.9

The provision (benefit) for income taxes consisted of the following (in millions):

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	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Current tax expense (benefit):
Federal	$	(7.4	)	$	(11.5	)	$	12.0
State	0.5			(0.2		)	3.4
Foreign	29.6			51.9			52.6
Deferred tax expense (benefit):
Federal	15.1			9.0			5.7
State	0.7			(0.6		)	(0.6		)
Foreign	(30.2		)	(9.8		)	5.5
Total	$	8.3		$	38.8		$	78.6

The reconciliation of reported income tax expense (benefit) to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income is as follows (in millions):

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Income tax expense (benefit) at Federal statutory tax rate	$	(222.6	)	$	9.4		$	30.4
Foreign tax rate differential	29.0			(5.1		)	(0.2		)
Foreign withholding tax and surcharges	5.8			7.3			4.7
Change in valuation allowance	98.1			24.8			31.2
Change in uncertain tax positions	(10.0		)	9.2			11.7
Nondeductible / nontaxable items(1)	100.3			(6.8		)	(0.3		)
Other (net)	7.7			—			1.1
Total	$	8.3		$	38.8		$	78.6

^{(1) For the year ended December 31, 2014, the major components consist of $40.5 million for goodwill impairments, $8.4 million for the FCPA accrual and $78.1 million for Venezuela devaluation and functional currency adjustments, partially offset by $32.9 million for Venezuela inflation adjustments.} 

The components of deferred tax assets and liabilities were as follows (in millions):

	Dec 31, 2014			Dec 31, 2013
Deferred tax assets:
Net operating loss carryforwards	$	117.9		$	98.3
Pension and retiree benefits accruals	44.7			33.0
Inventory	9.3			12.8
Depreciation and fixed assets	13.6			12.0
Tax credit carryforwards	9.8			9.3
Other liabilities	72.3			67.7
Valuation allowance	(145.4		)	(93.8		)
Total deferred tax assets	122.2			139.3
Deferred tax liabilities:
Convertible debt discount	186.2			165.7
Inventory	1.8			1.2
Depreciation and fixed assets	43.2			87.4
Intangibles	13.5			42.8
Other	12.2			11.0
Total deferred tax liabilities	256.9			308.1
Net deferred tax assets (liabilities)	$	(134.7	)	$	(168.8	)

The valuation of deferred tax assets is dependent on, among other things, the ability of the Company to generate a sufficient level of future taxable income in relevant taxing jurisdictions. In estimating future taxable income, the Company has considered both positive and negative evidence and has considered the implementation of prudent and feasible tax planning strategies. The Company

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has and will continue to review on a quarterly basis its assumptions and tax planning strategies and, if the amount of the estimated realizable net deferred tax asset is less than the amount currently on the balance sheet, the Company will reduce its deferred tax asset, recognizing a non-cash charge against reported earnings.

As of December 31, 2014, the Company has recorded approximately $145.4 million of valuation allowance to adjust deferred tax assets to the amount judged more likely than not to be realized. The valuation allowance is primarily attributable to certain foreign temporary differences and tax loss and tax credit carryforwards due to uncertainties regarding the ability to obtain future tax benefits for these tax attributes.

The Company has recognized deferred tax assets of approximately $15 million for tax loss carryforwards in various taxing jurisdictions as follows (in millions):

	Tax Loss
Jurisdiction	Carryforward		Expiration
United States	$	20.1	2033-2034
New Zealand	8.1		Indefinite
France	13.0		Indefinite
Others	5.5		Various
Total	$	46.7

The Company also has various foreign subsidiaries with approximately $367 million of tax loss carryforwards in various jurisdictions that are subject to a valuation allowance due to statutory limitations on utilization, uncertainty of future profitability, and other relevant factors.

During 2014, after weighing all positive and negative evidence, including three year cumulative loss positions, forecasted future profitability, impairments and restructuring charges, difficult market and industry conditions, and factoring in prudent and feasible tax planning strategies, valuation allowances were recorded against deferred tax assets of certain business units that did not have deferred tax valuation allowances prior to 2014. Specifically, valuation allowances have been recorded against the December 31, 2014 deferred tax assets of the following business units: Venezuela ($10.7 million), Brazil ($8.4 million), Spain ($10.9 million) and Colombia ($2.3 million). In addition, several other business units maintained full deferred tax asset valuation allowances that had been established in prior years, some for which the valuation allowance amounts increased significantly due to impairments, restructuring charges and operating losses.

In general, it is the practice and intention of the Company to permanently reinvest the earnings of its non-U.S. subsidiaries in those operations. As such, historically, the Company has not provided for deferred income taxes on the excess of financial reporting over tax basis in investments in foreign subsidiaries. These basis differences would become taxable upon the repatriation of assets from the foreign subsidiaries or upon a sale or liquidation of the foreign subsidiaries.

On October 23, 2014, the Company’s Board of Directors authorized a plan to exit all of the Company’s Asia Pacific and African operations. As a result of this plan, the Company can no longer assert that the financial reporting over tax basis in investments in these foreign subsidiaries will never reverse. As such, during 2014, the Company recorded $10.1 million of income tax expense associated with changes in the intent to permanently reinvest earnings. The $10.1 million income tax expense includes $8.0 million of tax expense related to the December 22, 2014 sale of PDP and PDEP.

As of December 31, 2014, $2.8 million of deferred income tax liabilities were recorded for the excess of financial reporting over tax basis in investments in foreign subsidiaries and equity investees in Asia Pacific and Africa. With respect to certain Asia Pacific and Africa subsidiaries and equity investees with an excess of tax over financial reporting basis, the Company has not recorded deferred tax assets since it is not apparent that these basis differences will reverse in the foreseeable future or yield a future tax benefit. The $2.8 million of deferred income tax liabilities recorded as of December 31, 2014 relate solely to U.S. and foreign income taxes and foreign withholding taxes that would result from the future sales transactions. Deferred tax liabilities have not been recorded for the tax implications of repatriating cash to the U.S. from the sales proceeds of lower tier Asia Pacific and African subsidiaries that are landed offshore, as it is the Company’s intention to redeploy these cash proceeds in its non-U.S. operations indefinitely rather than repatriating the cash proceeds to the U.S. Assuming sales proceeds equal to net book value, the additional U.S. income tax and foreign withholding tax that would be incurred upon cash repatriation of the sales proceeds from the divestiture of the Asia Pacific and African entities that are not owned directly by the U.S. is estimated at $75 million.

The temporary difference associated with the excess of financial reporting over tax basis in investments in all foreign subsidiaries outside of the Asia Pacific and African regions is approximately $370 million as of December 31, 2014. This amount was estimated based on book retained earnings as reduced for retained earnings amounts that have been previously taxed in the U.S. The Company

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remains committed to permanently reinvesting these earnings and does not see a need in the foreseeable future to repatriate cash to fund operations, including investing and financing activities. Accordingly, no deferred income taxes have been recorded on the outside basis difference of foreign subsidiaries outside of the Asia Pacific and Africa regions. The determination of the additional income taxes that would be incurred upon repatriation of assets or disposition of such foreign subsidiaries is not practical due to the complexities, variables, and assumptions inherent in the hypothetical calculation.

The Company applies ASC 740 - Income Taxes in determining unrecognized tax benefits. ASC 740 - Income Taxes prescribes a recognition threshold that a tax position is required to meet before being recognized in the financial statements and provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition issues.

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for the year:

(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Unrecognized Tax Benefit — Beginning balance	$	57.7		$	64.2		$	58.8
Gross Increases — Tax Positions in Prior Period	1.6			0.8			3.4
Gross Decreases — Tax Positions in Prior Period	(0.7		)	(0.9		)	(4.2		)
Gross Increases — Tax Positions in Current Period	7.3			8.9			15.1
Dispositions	(0.9		)	—			—
Settlements	(0.4		)	(4.5		)	—
Lapse of Statute of Limitations	(12.9		)	(3.6		)	(9.6		)
Foreign Currency Translation	(19.8		)	(7.2		)	0.7
Unrecognized Tax Benefit — Ending Balance	$	31.9		$	57.7		$	64.2

Included in the balance of unrecognized tax benefits at December 31, 2014, 2013 and 2012 are $30.0 million, $55.4 million and $61.7 million, respectively, of tax benefits that, if recognized, would affect the effective tax rate. Also included in the balance of unrecognized tax benefits at December 31, 2014, 2013 and 2012 are $1.9 million, $2.3 million and $2.5 million of tax benefits that, if recognized, would result in adjustments to deferred taxes.

The Company recognizes interest and penalties related to unrecognized tax benefits as income tax expense. Related to the unrecognized tax benefits noted above, the Company accrued penalties of $(1.1) million and interest of $(0.2) million during 2014 and in total, as of December 31, 2014, has recognized a liability for penalties of $3.5 million and interest of $7.3 million. During 2013 and 2012, the Company accrued penalties of $0.7 million and $1.2 million, respectively, and interest of $3.8 million and $2.4 million, respectively, and in total, as of December 31, 2013 and 2012, had recognized liabilities for penalties of $7.6 million and $7.8 million, respectively and interest of $15.4 million and $13.8 million, respectively.

The Company files income tax returns in numerous tax jurisdictions around the world. Due to uncertainties regarding the timing and outcome of various tax audits, appeals and settlements, it is difficult to reliably estimate the amount of unrecognized tax benefits that could change within the next twelve months. The Company believes it is reasonably possible that approximately $6 million of unrecognized tax benefits could change within the next twelve months due to the resolution of tax audits and statute of limitations expirations.

The Company files income tax returns in the United States and numerous foreign, state, and local tax jurisdictions. Tax years that are open for examination and assessment by the Internal Revenue Service ("IRS") are 2011 — 2014. The IRS currently is in the process of examining the Company's 2012 consolidated tax return. The IRS completed its examination of the Company's 2007 - 2010 consolidated income tax returns in the second quarter of 2013 with insignificant tax adjustments. With limited exceptions, tax years prior to 2010 are no longer open in major foreign, state, or local tax jurisdictions.

13.Employee Benefit Plans

General Cable provides retirement benefits through contributory and noncontributory qualified and non-qualified defined benefit pension plans covering eligible domestic and international employees as well as through defined contribution plans and other postretirement benefits.

Defined Benefit Pension Plans

The changes in the benefit obligation and plan assets, the funded status of the plans and the amounts recognized in the Consolidated Balance Sheets are as follows (in millions):

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	U.S. Plans						Non-U.S. Plans
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2014			Dec 31, 2013
Changes in Benefit Obligation:
Beginning benefit obligation	$	169.9		$	180.4		$	142.9		$	158.5
Impact of foreign currency exchange rate change	—			—			(16.6		)	(8.9		)
Transfers	—			—			(0.9		)	—
Service cost	1.6			1.9			4.6			6.5
Interest cost	8.0			7.2			5.4			5.9
Curtailment (gain) loss	(0.3		)	—			(0.1		)	—
Settlement (gain) loss	—			—			(5.7		)	(3.7		)
Benefits paid	(10.2		)	(10.1		)	(6.2		)	(5.0		)
Employee contributions	—			—			0.4			0.6
Amendments / Change in assumptions	(0.2		)	(0.1		)	—			(2.3		)
Actuarial (gain) loss	22.2			(9.4		)	27.2			(8.7		)
Ending benefit obligation	$	191.0		$	169.9		$	151.0		$	142.9
Changes in Plan Assets:
Beginning fair value of plan assets	$	142.9		$	129.1		$	51.6		$	46.1
Impact of foreign currency exchange rate change	—			—			(4.4		)	(3.4		)
Transfers	—			—			(1.0		)	—
Employee contributions	—			—			0.4			0.6
Actual return on plan assets	6.1			23.4			4.6			6.3
Company contributions	2.1			0.5			6.5			10.7
Settlements	—			—			(5.7		)	(3.7		)
Benefits paid	(10.2		)	(10.1		)	(6.2		)	(5.0		)
Ending fair value of plan assets	$	140.9		$	142.9		$	45.8		$	51.6
Funded status at end of year	$	(50.1	)	$	(27.0	)	$	(105.2	)	$	(91.3	)
Amounts Recognized in Consolidated Balance Sheets:
Other Assets	$	—		$	—		$	2.8		$	6.3
Accrued liabilities	$	(0.4	)	$	(0.4	)	$	(5.0	)	$	(5.2	)
Other liabilities	$	(49.7	)	$	(26.6	)	$	(103.0	)	$	(92.4	)
Recognized in Accumulated Other Comprehensive Income:
Net actuarial loss	$	77.3		$	55.4		$	37.4		$	17.1
Prior service cost	(0.3		)	0.4			3.4			5.7
Transition obligation	—			—			0.2			0.3
	$	77.0		$	55.8		$	41.0		$	23.1

The accumulated benefit obligation for U.S. defined benefit retirement pension plans was $190.1 million and $169.4 million for 2014 and 2013, respectively. The accumulated benefit obligation for Non-U.S. defined benefit retirement pension plans was $139.3 million and $104.5 million for 2014 and 2013, respectively. Pension plans with accumulated benefit obligations in excess of plan assets consist of the following (in millions):

	U.S. Plans				Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2014		Dec 31, 2013
Projected benefit obligation	$	191.0	$	169.9	$	134.3	$	115.4
Accumulated benefit obligation	190.1		169.4		122.6		104.5
Fair value of the plan assets	140.9		142.9		44.8		49.6

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Pension expense included the following components (in millions):

	U.S. Plans Year ended									Non-U.S. Plans Year ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012			Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Pension expense:
Service cost	$	1.6		$	1.9		$	1.8		$	4.6		$	6.5		$	4.3
Interest cost	8.0			7.2			7.7			5.4			5.9			6.1
Expected return on plan assets	(10.4		)	(9.4		)	(9.1		)	(3.1		)	(2.7		)	(2.0		)
Amortization of prior service cost	0.1			0.1			0.1			0.9			1.2			1.4
Amortization of net loss	4.8			8.5			8.3			0.3			1.2			1.2
Amortization of transition obligation	—			—			—			0.3			0.1			0.2
Curtailment (gain) loss	(0.1		)	—			—			0.3			—			—
Settlement (gain) loss	—			—			—			2.7			0.1			0.1
Net pension expense	$	4.0		$	8.3		$	8.8		$	11.4		$	12.3		$	11.3

The estimated net loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net pension expense over the next fiscal year is $10.5 million. The prior service cost to be amortized from accumulated other comprehensive income into net pension expense over the next fiscal year is $0.9 million.

The Company evaluates its actuarial assumptions at least annually, and adjusts them as necessary. The Company uses a measurement date of December 31 for all of its defined benefit pension plans. The weighted average assumptions used in determining benefit obligations were:

	U.S. Plans				Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2014		Dec 31, 2013
Discount rate	4.02	%	4.85	%	3.02	%	4.36	%
Expected rate of increase in future compensation levels	2.50	%	2.00	%	3.45	%	3.85	%

The weighted average assumptions used to determine net pension expense were:

	U.S. Plans						Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012		Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Discount rate	4.85	%	4.12	%	4.70	%	4.27	%	4.26	%	5.10	%
Expected rate of increase in future compensation levels	2.50	%	2.00	%	2.00	%	3.91	%	3.94	%	6.10	%
Long-term expected rate of return on plan assets	7.50	%	7.50	%	7.50	%	6.47	%	6.09	%	4.50	%

Pension expense for the defined benefit pension plans sponsored by General Cable is determined based principally upon certain actuarial assumptions, including the discount rate and the expected long-term rate of return on assets. The discount rates for the U.S. defined benefit pension plans were determined based on a review of long-term bonds that receive one of the two highest ratings given by a recognized rating agency which are expected to be available during the period to maturity of the projected pension benefit obligations and based on information received from actuaries. Non-U.S. defined benefit pension plans followed a similar evaluation process based on financial markets in those countries where General Cable provides a defined benefit pension plan.

The weighted-average long-term expected rate of return on assets is based on input from actuaries, including their review of historical 10-year, 20-year, and 25-year rates of inflation and real rates of return on various broad equity and bond indices in conjunction with the diversification of the asset portfolio. The Company’s overall investment strategy is to diversify its investments for the qualified U.S. defined benefit pension plan based on an asset allocation assumption of 65% allocated to equity investments, with an expected real rate of return of 8%, and 35% to fixed-income investments, with an expected real rate of return of 2%, and an assumed long-term rate of inflation of 3%. Equity investments primarily include investments in large-cap and mid-cap companies primarily located in the United States. The actual asset allocations were 69% of equity investments and 31% of fixed-income investments at December 31, 2014 and 54% of equity investments and 46% of fixed-income investments at December 31, 2013.

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Approximately 43% and 41% of plan assets were concentrated in two mutual funds as of December 31, 2014 and 2013, respectively. The expected long-term rate of return on assets for qualified non-U.S. defined benefit plans is based on a weighted-average asset allocation assumption of 60% allocated to equity investments and 40% to fixed-income investments. The actual weighted-average asset allocations were 59% of equity investments, 38% of fixed-income investments and 3% of other investments at December 31, 2014 and 63% of equity investments and 37% of fixed-income investments at December 31, 2013. Management believes that long-term asset allocations on average and by location will approximate the Company’s assumptions and that the long-term rate of return used by each country that is included in the weighted-average long-term expected rate of return on assets is a reasonable assumption.

The Company determined the fair market values of the pension plan assets based on the fair value hierarchy established in ASC 820 - Fair Value Measurement. The standard describes three levels of inputs that may be used to measure fair values which are provided in Note 2 - Summary of Significant Accounting Policies. The fair values of pension plan assets are primarily traded in active markets. For those that are not traded in active markets, the fair value is determined using quantitative models that require the use of multiple market inputs including interest rates, prices and indices to generate pricing and volatility factors, which are used to value the asset. The predominance of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Estimation risk is greater for pension assets where observable market inputs are less readily available or are unobservable. The fair values of certain pension assets include adjustments for market liquidity, counterparty credit quality. The fair value of the Company’s pension plan assets at December 31, 2014 by asset category are as follows (in millions):

			Quoted prices in Active Markets for Identical		Significant Observable		Significant Unobservable
Asset Category	Total		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Equity Securities	$	99.5	$	73.2	$	26.3	$	—
Mutual Funds - Equity Securities	20.9		20.9		—		—
Mutual Funds - Fixed Income	39.0		39.0		—		—
Short Term Investments	4.3		—		4.3		—
Equitable Contract	1.1		—		1.1		—
Fixed Income	18.2		—		18.2		—
Coal Lease (1)	3.7		—		—		3.7
Total	$	186.7	$	133.1	$	49.9	$	3.7

The fair value of the Company’s pension plan assets at December 31, 2013 by asset category are as follows (in millions):

			Quoted prices in Active Markets for Identical		Significant Observable		Significant Unobservable
Asset Category	Total		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Equity Securities	$	76.7	$	76.6	$	0.1	$	—
Mutual Funds	89.5		58.9		30.6		—
Short Term Investments	2.3		—		2.3		—
Equitable Contract	1.2		—		1.2		—
Fixed Income	20.8		—		20.8		—
Coal Lease (1)	4.0		—		—		4.0
Total	$	194.5	$	135.5	$	55.0	$	4.0

(1) The Company’s interest represents approximately 26% of the lease which is currently between American Premier Underwriters (APU), the Lessor and CONSOL Energy (CONSOL), the Lessee. The lease pertains to real property mined by CONSOL located in Pennsylvania.

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The following table represents details of the fair value measurements using significant unobservable inputs (Level 3):

	Coal Lease
Beginning balance at January 1, 2013	$	4.2
Change in fair value of plan assets	(0.2		)
Ending balance December 31, 2013	$	4.0
Change in fair value of plan assets	(0.3		)
Ending balance at December 31, 2014	$	3.7

The determination of pension expense for the qualified defined benefit pension plans is based on the fair market value of assets as of the measurement date. Investment gains and losses are recognized in the measurement of assets immediately. Such gains and losses will be amortized and recognized as part of the annual benefit cost to the extent that unrecognized net gains and losses from all sources exceed 10% of the greater of the projected benefit obligation or the market value of assets.

General Cable’s expense under both U.S. and non-U.S. defined benefit pension plans is determined using the discount rate as of the beginning of the fiscal year, this 2015 expense for the pension plans will be based on the weighted-average discount rate of approximately 4.02% for U.S. defined benefit pension plans and 3.02% for non-U.S. defined benefit pension plans.

The Company expects to contribute, at least the minimum required, not more than is tax deductible, $11.9 million to its defined benefit pension plans for 2015. The estimated future benefit payments expected to be paid for the Company’s defined benefit pension plans are $22.2 million in 2015, $17.5 million in 2016, $17.8 million in 2017, $18.0 million in 2018, $18.0 million in 2019 and $96.5 million from 2020 through 2023.

In 2014, the Company recorded a pre-tax non-cash settlement loss of $2.7 million for the termination of a pension plan related to the closure of one of the North America manufacturing plants.

In 2012, the Company recorded a pre-tax non-cash settlement loss of $6.1 million for the termination of a legacy pension plan in the United Kingdom stemming from the 1999 acquisition of BICC.

Defined Contribution Plans

Expense under both U.S. and non-U.S. defined contribution plans generally equals up to six percent of each eligible employee’s covered compensation based on the location and status of the employee. The net defined contribution plan expense recognized was $12.8 million, $12.0 million and $10.0 million, respectively, for the years ended December 31, 2014, 2013 and 2012.

14.Total Equity

General Cable is authorized to issue 200 million shares of common stock and 25 million shares of preferred stock.

The components of accumulated other comprehensive income (loss) as of December 31, 2014 and December 31, 2013, respectively, consisted of the following (in millions):

	Fiscal Years Ended
	December 31, 2014						December 31, 2013
	Company Common Shareholders			Noncontrolling Interest			Company Common Shareholders			Noncontrolling Interest
Foreign currency translation adjustment	$	(185.1	)	$	(3.8	)	$	(67.1	)	$	(24.5	)
Pension adjustments, net of tax	(78.3		)	(2.9		)	(52.6		)	(2.9		)
Change in fair value of derivatives, net of tax	—			—			—			—
Other	—			—			7.6			—
Accumulated other comprehensive income (loss)	$	(263.4	)	$	(6.7	)	$	(112.1	)	$	(27.4	)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2012 to December 31, 2014 including the effect of significant reclassifications out of accumulated other comprehensive income as required by ASU 2013-02 (in millions, net of tax):

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	Foreign currency translation			Change of fair value of pension benefit obligation			Change in fair value of derivatives			Other			Total
Balance, December 31, 2012	$	(27.9	)	$	(84.4	)	$	0.1		$	7.6		$	(104.6	)
Other comprehensive income before reclassifications	(39.2		)	13.6			(0.8		)	—			(26.4		)
Amounts reclassified from accumulated other comprehensive income	—			18.2			0.7			—			18.9
Net current - period other comprehensive income (loss)	(39.2		)	31.8			(0.1		)	—			(7.5		)
Balance, December 31, 2013	$	(67.1	)	$	(52.6	)	$	—		$	7.6		$	(112.1	)
Other comprehensive income before reclassifications	(123.2		)	(15.4		)	—			—			(138.6		)
Amounts reclassified from accumulated other comprehensive income	3.6			(10.3		)	—			(1.2		)	(7.9		)
Other	1.6			—			—			(6.4		)	(4.8		)
Net current - period other comprehensive income (loss)	(118.0		)	(25.7		)	—			(7.6		)	(151.3		)
Balance, December 31, 2014	$	(185.1	)	$	(78.3	)	$	—		$	—		$	(263.4	)

The following is the detail of the reclassifications out of accumulated other comprehensive income (loss) for the year ended December 31, 2014 (in millions, net of tax):

	Year Ended			Year Ended,
	December 31, 2014			December 31, 2013
	Amount reclassified from accumulated other comprehensive income			Amount reclassified from accumulated other comprehensive income		Affected line item in the Consolidated Statement of Operations and Comprehensive Income (Loss)
Foreign currency translation
Sale of PDP and PDEP	$	3.6		$	—	SG&A
Change in fair value of derivatives:
Commodity contracts	$	—		$	0.7	Cost of Sales
Total - Change in fair value of derivatives	$	—		$	0.7
Amortization of defined pension items
Prior service cost	$	(1.2	)	$	1.7	SG&A
Net loss	(9.1		)	16.5		SG&A
Total - Amortization of defined benefit pension items	(10.3		)	18.2
Other	$	(1.2	)	$	—	SG&A
Total	$	(7.9	)	$	18.9

Stock Repurchase Programs

On December 10, 2013, the Company's Board of Directors authorized the extension of the Company’s existing $125 million share repurchase program through the end of 2014. The share repurchase program has not been extended. Stock purchases under this program were able to be made through the open market and privately negotiated transactions at times and in such amounts as deemed appropriate by a special committee appointed by the Board. Under the stock repurchase program, the Company purchased $30.7 million, or 1,000,000 common shares at an average price of $30.73 per share, during the year ended December 31, 2014. Under this stock repurchase program the Company purchased $19.5 million, or 597,531 common shares at an average price of $32.65 per share, during the year ended December 31, 2013.

Preferred Stock

The Company issued 2,070,000 shares of General Cable 5.75% Series A Redeemable Convertible Preferred Stock (“Series A preferred stock”) on November 24, 2003. Zero shares were outstanding under the original terms of the Series A preferred stock issuance as of December 31, 2014 and 2013. The Company’s outstanding shares of the Series A preferred stock were mandatorily

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redeemed on November 24, 2013. Prior to the redemption date, all but two shareholders elected to convert their shares into shares of the Company’s common stock at the conversion ratio of 5.056 shares of common stock per share of Series A preferred stock.

Dividends on Common Stock

On May 20, 2013, the Company's Board of Directors authorized the payment of a regular quarterly dividend of $0.18 per share per quarter (starting in the second quarter of 2013). During the year ended December 31, 2014, the Company paid in total approximately $35.4 million to all common shareholders of record, or $0.72 per share. During the year ended December 31, 2013, the Company paid in total approximately $26.7 million to all common shareholders of record, or $0.54 per share. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors. In determining dividends, the Board of Directors takes into consideration items such as general business conditions, financial performance, projected cash flows and anticipated financing needs. Future payments of dividends is also subject to the Company's Revolving Credit Facility, the indentures governing the Senior Floating Rate Notes and 5.75% Senior Notes, and the requirements of the Delaware General Corporation law.

Deferred Compensation Plan

The Company maintains a deferred compensation plan (“Deferred Compensation Plan”). This plan is available to directors and certain officers and managers of the Company. The plan allows participants to defer all or a portion of their directors’ fees and/or salary and annual bonuses, as applicable, and it permits participants to elect to contribute and defer all or any portion of their stock awards or restricted stock units (together "Deferred Stock"). All fees, salary and bonus deferrals to the participants’ accounts vest immediately. Company contributions vest according to the vesting schedules in the qualified plan, and Deferred Stock vests according to the schedule designated by the award. The Company makes matching contributions and retirement contributions currently equal to 6% of compensation over the qualified plan limits, whether or not the employee elects to defer any compensation. The Deferred Compensation Plan does not have dollar limits on tax-deferred contributions. A Rabbi Trust (“Trust”) has been established in connection with the Deferred Compensation Plan, and the Trust assets are available to satisfy the claims of the Company’s creditors in the event of bankruptcy or insolvency of the Company. Participants have the right to request that their account balances be determined by reference to specified investment alternatives (with the exception of the portion of the account which consists of Deferred Stock). With certain exceptions, these investment alternatives are the same alternatives offered to participants in the General Cable Retirement Savings Plan for Salaried Associates. Participants have the right to request that the Plan Administrator re-allocate the deferrals among available investment alternatives; provided, however, that the Plan Administrator is not required to honor such requests. Distributions from the Plan are generally made upon the participant's termination as a director and/or employee, as applicable, of the Company. Participants receive payments from the plan in cash, either as a lump sum payment or through equal annual installments from between one and ten years, except for the Deferred Stock, which the participants receive in shares of General Cable stock.

Assets of the Trust are invested in funds covering a variety of securities and investment strategies, approximately 69% are invested in mutual funds, 26% are invested in Deferred Stock and 5% are invested in the General Cable stock fund ("Stock Fund"). Mutual funds available to participants are publicly quoted and reported at market value. The Company accounts for these investments as trading securities in accordance with ASC 320 - Investments — Debt and Equity Securities. The Stock Fund that is held by the Trust is accounted for as discussed in ASC 718 - Compensation — Stock Compensation.

The market value of mutual fund investments and General Cable stock in the Trust was $31.9 million and $42.0 million as of December 31, 2014 and 2013, respectively. The market value of the assets held by the Trust, exclusive of the market value of the shares of the Deferred Stock and the Stock Fund in the Trust at December 31, 2014 and December 31, 2013 was $22.1 million and $22.2 million, respectively, and is classified as “other non-current assets” in the Consolidated Balance Sheets. Amounts payable to the plan participants at December 31, 2014 and 2013, excluding the market value of the shares of Deferred Stock was $23.5 million and $24.2 million, respectively, and is classified as “other liabilities” in the Consolidated Balance Sheets.

In accordance with ASC 710 - Compensation — General, all market value fluctuations of the Trust assets, exclusive of the shares of Deferred Stock and Stock Fund, are effectively offset by changes in the market value of the deferred compensation liability, which are included as compensation expense in the Consolidated Statements of Operations and Comprehensive Income (Loss).

15. Share-Based Compensation

The Company has various plans that provide for granting options, restricted stock units and restricted stock to certain employees and independent directors of the Company and its subsidiaries. The Company recognizes compensation expense for share-based payments based on the fair value of the awards at the grant date. The table below summarizes compensation expense for the Company’s non-qualified stock options based on the fair value method estimated using the Black-Scholes valuation model, and non-vested stock awards, including restricted stock units, and performance-based non-vested stock awards based on the fair value method for the years ended December 31, 2014, 2013 and 2012. The Company records compensation expense related to non-vested stock awards as a component of selling, general and administrative expense.

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	Year Ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Non-qualified stock option expense	$	2.3		$	5.5		$	4.9
Non-vested stock awards expense	—			0.2			1.7
Immediately vested stock awards expense	0.8			—			—
Stock unit awards	8.0			5.2			4.5
Performance-based non-vested stock awards expense	4.7			2.0			1.4
Total pre-tax share-based compensation expense	$	15.8		$	12.9		$	12.5
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.5	)	$	(0.7	)	$	(0.6	)

(1) Cash inflows (outflows) recognized as financing and operating activities in the Company’s consolidated statement of cash flows

During the years ended December 31, 2014, 2013 and 2012, cash received from stock option exercises was $0.3 million, $0.7 million and $0.1 million, respectively. The total tax benefit to be realized for tax deductions from these option exercises was $0.1 million, $0.4 million and $0.1 million, respectively. The $7.0 million and $5.0 million tax deductions for all share-based compensation for the years ended December 31, 2014 and 2013, respectively, includes $(0.5) million and $(0.7) million of excess tax benefits (deficiencies). The 2014 and 2013 deficiency does not impact cash flow due to the U.S. tax loss carry forward position. The Company has elected the shortcut method to calculate the pool of excess tax benefits available to absorb tax deficiencies recognized subsequent to the adoption of ASC 718 - Compensation — Stock Compensation.

The Company currently has share-based compensation awards outstanding under three plans. These plans allow the Company to fulfill its incentive award obligations generally by granting nonqualified stock options and nonvested stock awards. New shares are issued when nonqualified stock options are exercised and when non-vested stock awards are granted. There have been no material modifications made to these plans during the years ended December 31, 2014 or 2013. On May 10, 2005, the General Cable Corporation 2005 Stock Incentive Plan (“2005 Plan”) was approved and replaced the two previous equity compensation plans, the 1997 Stock Incentive Plan and the 2000 Stock Option Plan. The Compensation Committee of the Board of Directors will no longer grant any awards under the previous plans but will continue to administer awards which were previously granted under the 1997 and 2000 plans. The 2005 Plan authorized a maximum of 5.8 million shares to be granted. Shares reserved for future grants, including options, under the 2005 Plan, approximated 1.8 million at December 31, 2014.

The 2005 Plan authorizes the following types of awards to be granted: (i) Stock Options (both Incentive Stock Options and Nonqualified Stock Options); (ii) Stock Appreciation Rights; (iii) Nonvested and Restricted Stock Awards; (iv) Performance Awards; and (v) Stock Units, as more fully described in the 2005 Plan. Each award is subject to such terms and conditions consistent with the 2005 Plan as determined by the Compensation Committee and as set forth in an award agreement and awards under the 2005 Plan were granted at not less than the closing market price on the date of grant.

The 2000 Stock Option Plan (“2000 Plan”), as amended, authorized a maximum of 1.5 million non-qualified options to be granted. No other forms of award were authorized under this plan. Stock options were granted to employees selected by the Compensation Committee of the Board or the Chief Executive Officer at prices which were not less than the closing market price on the date of grant. The Compensation Committee (or Chief Executive Officer) had authority to set all the terms of each grant.

The 1997 Stock Incentive Plan (“1997 Plan”) authorized a maximum of 4.7 million nonvested shares, options or units of common stock to be granted. Stock options were granted to employees selected by the Compensation Committee of the Board or the Chief Executive Officer at prices which were not less than the closing market price on the date of grant. The Compensation Committee (or Chief Executive Officer) had authority to set all the terms of each grant.

Stock Options

All options awarded under the 2005 Plan have a term of 10 years from the grant date. The majority of the options vest ratably over three years of continued employment from the grant date. The majority of the options granted under the 2000 Plan will expire in 10 years and become fully exercisable ratably over three years of continued employment or become fully exercisable after three years of continued employment. A summary of stock option activity for the year ended December 31, 2014 is as follows (options in thousands and aggregate intrinsic value in millions):

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			Weighted Average		Weighted Average Remaining	Aggregate
	Options Outstanding		Exercise Price		Contractual Term	Intrinsic Value
Outstanding at December 31, 2013	1,944.1		$	33.18	6.1 years	$	7.0
Granted	—		—
Exercised	(19.7	)	14.11
Forfeited or Expired	(60.6	)	41.26
Outstanding as of December 31, 2014	1,863.8		$	33.12	4.7 years	$	0.2
Exercisable at December 31, 2014	1,580.1		$	32.89	4.1 years	$	0.2
Options expected to vest in the next twelve months	186.0		$	33.94	7.7 years	$	—

During the year ended December 31, 2014 there were no stock options granted. During the years ended 2013 and 2012, the weighted average grant date fair value of options granted was $35.24 and $32.50, respectively. During the years ended December 31, 2014, 2013 and 2012, the total intrinsic value of options exercised was $0.2 million, $1.0 million, and $0.3 million, respectively, and the total fair value of options vested during the periods was $25.7 million, $20.8 million, and $18.7 million, respectively. At December 31, 2014 and 2013, the total compensation cost related to nonvested options not yet recognized was $1.1 million and $4.1 million with a weighted average expense recognition period of 1.2 years and 1.9 years, respectively.

The fair value of each option award is estimated on the date of grant using the Black-Scholes valuation model using the following weighted-average assumptions:

	Year Ended
	Dec 31, 2013			Dec 31, 2012
Risk-free interest rate (1)	0.6		%	1.0		%
Expected dividend yield (2)	0			0
Expected option life (3)	4.4 years			5.0 years
Expected stock price volatility (4)	67.8		%	68.0		%
Weighted average fair value of options granted	$	18.60		$	18.20

(1) Risk-free interest rate — This is the U.S. Treasury rate at the grant date having a term approximately equal to the expected life of the option. An increase in the risk-free interest rate will increase compensation expense.

(2) Expected dividend yield — The Company did not pay dividends in the year ended December 31, 2012; therefore compensation expense was not decreased. The assumptions for the compensation expense were set at the beginning of the year prior to the Company deciding to pay dividends in 2013; as the Company did not expect to pay dividends in 2013 there was no effect on compensation expense in the year ended December 31, 2013.

(3) Expected option life — This is the period of time over which the options granted are expected to remain outstanding and is based on historical experience. Options granted have a maximum term of ten years. An increase in expected life will increase compensation expense.

(4) Expected stock price volatility — This is a measure of the amount by which a price has fluctuated or is expected to fluctuate. The Company uses actual historical changes in the market value of the Company’s stock to calculate the volatility assumption as it is management’s belief that this is the best indicator of future volatility. An increase in the expected volatility will increase compensation expense.

Additional information regarding options outstanding as of December 31, 2014 is as follows (options in thousands):

Range of Option Prices	Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Options Exercisable	Weighted Average Exercise Price
$0 -$14	61.1	$	11.95	0.1	61.1	$	11.95
$14 - $28	742.9	$	21.79	3.4	742.9	$	21.79
$28 -$42	599.0	$	33.90	7.3	315.3	$	33.47
$42 - $56	267.7	$	45.15	4.7	267.7	$	45.15
$56 - $70	193.1	$	64.27	2.9	193.1	$	64.27

Nonvested Stock

The majority of the nonvested stock and stock unit awards issued under the 2005 Plan are restricted as to transferability and salability with these restrictions being removed in equal annual installments over the five-year period following the grant date. The majority of the nonvested stock awards issued under the 1997 Plan are restricted as to transferability and salability with these

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restrictions expiring ratably over a three-year or five-year period, expiring after six years from the date of grant or expiring ratably from the second anniversary to the sixth anniversary of the date of grant. A minimal amount of immediately vesting restricted stock held by certain members of the Company’s Board of Directors in the Deferred Compensation Plan is included in this presentation as nonvested stock.

A summary of all nonvested stock and restricted stock units activity for the year ended December 31, 2014, is as follows (shares in thousands):

	Shares Outstanding		Weighted Average Grant Date Fair Value
Balance, December 31, 2013	891.9		$	32.02
Granted	662.2		30.27
Vested	(280.6	)	28.97
Forfeited	(136.3	)	33.13
Balance, December 31, 2014	1,137.2		$	32.26

The weighted-average grant date fair value of all nonvested shares and restricted stock units granted, the total fair value (in millions) of all nonvested shares and restricted stock units granted, and the fair value (in millions) of all nonvested shares and restricted stock units that have vested during each of the past three years is as follows:

	Year Ended
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Weighted-average grant date fair value of nonvested shares granted	$	30.27	$	34.83	$	29.65
Fair value of nonvested shares granted	$	20.0	$	10.5	$	9.1
Fair value of shares vested	$	8.1	$	6.2	$	7.0

As of December 31, 2014, there was $14.7 million of total unrecognized compensation cost related to all nonvested stock and restricted stock units. The cost is expected to be recognized over a weighted average period of 1.91 years. There are 321 thousand nonvested stock and restricted stock units with a weighted average grant price of $29.90 and a fair value of $9.6 million expected to vest in 2015.

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16. Redeemable Noncontrolling Interest

On October 1, 2012, the Company participated in a share subscription for 60% of the outstanding and issued shares of Procables; refer to Note 4 - Acquisitions and Divestitures for additional details. The Company determined that the Put Option is embedded within the noncontrolling interest shares that are subject to the Put Option. The redemption feature requires classification of the Minority Shareholder's interest in the Consolidated Balance Sheets outside of equity under the caption “Redeemable noncontrolling interest.”

The redeemable noncontrolling interest of Procables was recorded on the acquisition date based on the estimated fair value of the shares including the embedded Put Option. The fair value of the Put Option was estimated at the higher of the final per share purchase price or EBITDA average. At December 31, 2014, the final per share purchase price was greater than the EBITDA average; therefore, the redeemable noncontrolling interest was valued at the same cost as the fair value determined at the opening balance sheet date subject to foreign currency translation. Subsequent adjustments to the value of the redeemable noncontrolling interest due to the redemption feature, if any, will be recognized as they occur and recorded within net income (loss).

The following is a rollforward of the redeemable noncontrolling interest (in millions):

Balance, December 31, 2012	$	18.6
Foreign currency translation	(1.6		)
Balance, December 31, 2013	$	17.0
Foreign currency translation	(3.2		)
Balance, December 31, 2014	$	13.8

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17. Earnings Per Common Share

The Company applies the two-class method of computing basic and diluted earnings per share. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors.

A reconciliation of the numerator and denominator of earnings (loss) per common share-basic to earnings (loss) per common share-assuming dilution is as follows (in millions, except per share data):

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Earnings (loss) per share — basic:
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(18.1	)	$	4.0
Less: Net income allocated to participating securities(4)	—			0.1			—
Net income (loss) for basic EPS computations(1)	(627.6		)	(18.2		)	4.0
Weighted average shares outstanding for basic EPS computation (2,3)	48.8			49.4			49.7
Earnings (loss) per common share — basic (3)	$	(12.86	)	$	(0.37	)	$	0.08
Earnings (loss) per share — assuming dilution:
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(18.1	)	$	4.0
Add: Preferred stock dividends on convertible stock	—			—			0.3
Net income (loss) attributable to Company common shareholders — for diluted EPS computation (1)	$	(627.6	)	$	(18.1	)	$	4.3
Weighted average shares outstanding including nonvested shares	48.8			49.4			49.7
Dilutive effect of stock options and restricted stock units	—			—			1.0
Dilutive effect of assumed conversion of preferred stock	—			—			0.4
Weighted average shares outstanding for diluted EPS computation (2)	48.8			49.4			51.1
Earnings (loss) per common share — assuming dilution	$	(12.86	)	$	(0.37	)	$	0.08

(1) Numerator

(2) Denominator

(3) Under the two class method, Earnings per share — basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

(4) Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

As of December 31, 2014, 2013 and 2012, there were approximately 3,057 thousand, 288 thousand, and 553 thousand shares excluded from the earnings per common share — assuming dilution computation because their impact was anti-dilutive, respectively.

Under ASC 260 - Earnings per Share and ASC 470 - Debt and because of the Company’s obligation to settle the par value of the Subordinated Convertible Notes in cash, the Company is not required to include any shares underlying the Subordinated Convertible Notes in its weighted average shares outstanding — assuming dilution until the average stock price per share for the quarter exceeds the $36.75 conversion price of the Subordinated Convertible Notes, respectively, and only to the extent of the additional shares that the Company may be required to issue in the event that the Company’s conversion obligation exceeds the principal amount of the Subordinated Convertible Notes.

Regarding the Subordinated Convertible Notes, the average stock price threshold conditions had not been met as of December 31, 2014 or December 31, 2013. At any such time in the future the threshold conditions are met, only the number of shares issuable under the “treasury” method of accounting for the share dilution would be included in the Company’s earnings per share — assuming dilution calculation, which is based upon the amount by which the average stock price exceeds the conversion price.

The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding — assuming dilution calculation for the Subordinated Convertible Notes.

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	Shares Underlying Subordinated	Total Treasury Method
Share Price	Convertible Notes	Incremental Shares (1)
$36.75	—	—
$38.75	603,152	603,152
$40.75	1,147,099	1,147,099
$42.75	1,640,151	1,640,151
$44.75	2,089,131	2,089,131

(1) Represents the number of incremental shares that must be included in the calculation of fully diluted shares under U.S. GAAP.

18.Segment Information

Effective in the fourth quarter of 2014, in connection with the Company's announcement to commit to a plan to divest all of the Company's operations in Asia Pacific and Africa, the Company reorganized its reportable segments as a result of a change to what the CODM uses to measure profitability and allocate resources. Accordingly, in the fourth quarter of 2014, the Company presented four geographic operating and reportable segments — North America, Europe, Latin America, and Africa/Asia Pacific. As a result of the change in how the CODM manages and allocates resources, there was a change in how certain corporate costs are allocated to better align with how the CODM allocates resources. Previously, the amounts were evenly allocated across each reportable segment and the amounts are now allocated based on a percentage of revenue at each segment. This change in the allocation method is reflected in the results below retrospectively. The Company’s operating and reportable segments align with the structure of the Company’s internal management organization. All four segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum, and fiber optic communication, construction, electric utility and electrical infrastructure wire and cable products. In addition to the above products, the North America, Latin America and Africa/Asia Pacific segments manufacture and distribute rod mill wire and cable products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. For the year ended December 31, 2014, intersegment sales were $31.5 million in North America, $55.8 million in Europe, $31.7 million in Latin America, and $0.5 million in Africa/Asia Pacific. For the year ended December 31, 2013, intersegment sales were $20.6 million in North America, $54.9 million in Europe, $72.3 million in Latin America, and $5.1 million in Africa/Asia Pacific. For the year ended December 31, 2012, intersegment sales were $27.1 million in North America, $43.5 million in Europe, $100.4 million in Latin America, and $15.4 million in Africa/Asia Pacific.

The chief operating decision maker evaluates segment performance and allocates resources based on segment operating income. Segment operating income represents income from continuing operations before interest income, interest expense, other income (expense), other financial costs and income tax. Summarized financial information for the Company's reportable segments is as follows:

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	Year Ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Net Sales:
North America	$	2,550.1		$	2,751.6		$	2,340.2
Europe	1,330.8			1,448.7			1,506.2
Latin America	1,143.0			1,211.9			1,214.5
Africa/Asia Pacific	955.9			1,009.0			998.6
Total	$	5,979.8		$	6,421.2		$	6,059.5
Segment Operating Income (Loss):
North America	$	118.5		$	127.5		$	124.0
Europe	(94.0		)	(7.8		)	(24.1		)
Latin America	(246.6		)	44.2			67.2
Africa/Asia Pacific	(89.3		)	47.8			32.3
Total	$	(311.4	)	$	211.7		$	199.4
Capital Expenditures:
North America	$	38.4		$	33.5		$	25.3
Europe	9.5			14.1			33.7
Latin America	25.6			21.5			29.5
Africa/Asia Pacific	16.1			20.0			20.1
Total	$	89.6		$	89.1		$	108.6
Depreciation Expense:
North America	$	39.8		$	40.3		$	30.0
Europe	33.1			35.5			33.9
Latin America	20.4			25.9			22.2
Africa/Asia Pacific	16.8			16.9			16.4
Total	$	110.1		$	118.6		$	102.5
Total Assets:
North America	$	1,220.3		$	1,342.0
Europe	751.4			1,045.9
Latin America	656.6			1,202.8
Africa/Asia Pacific	738.4			988.2
Total	$	3,366.7		$	4,578.9

Revenues by Major Product Lines Revenues to external customers are attributable to sales of electric utility, electrical infrastructure, construction, communications and rod mill wire product lines.

	Year Ended
(in millions)	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Electric Utility	$	2,006.1	$	2,148.5	$	2,004.8
Electrical Infrastructure	1,589.5		1,674.2		1,611.5
Construction	1,440.4		1,568.9		1,519.0
Communications	570.4		713.0		651.2
Rod Mill Products	373.4		316.6		273.0
Total	$	5,979.8	$	6,421.2	$	6,059.5

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Geographic Information The following table presents net sales to unaffiliated customers by country of destination for the last three years and long-lived assets by country as of December 31:

	Net Sales						Non - Current Assets
	Year Ended						Year Ended
(in millions)	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012		Dec 31, 2014		Dec 31, 2013
United States	$	2,049.3	$	1,919.8	$	1,859.5	$	318.9	$	331.7
Canada	467.1		708.0		441.3		42.3		49.3
France	383.6		469.4		494.9		65.4		72.6
Brazil	457.9		421.3		477.6		69.7		105.0
Spain	218.5		280.7		319.0		64.0		166.0
Others	2,403.4		2,622.0		2,467.2		410.3		847.8
Total	$	5,979.8	$	6,421.2	$	6,059.5	$	970.6	$	1,572.4

19. Commitments and Contingencies

Environmental matters

We are subject to a variety of federal, state, local and foreign laws and regulations covering the storage, handling, emission and discharge of materials into the environment, including CERCLA, the Clean Water Act, the Clean Air Act (including the 1990 amendments) and the Resource Conservation and Recovery Act.

Our subsidiaries in the United States have been identified as potentially responsible parties with respect to several sites designated for cleanup under CERCLA or similar state laws, which impose liability for cleanup of certain waste sites and for related natural resource damages without regard to fault or the legality of waste generation or disposal. Persons liable for such costs and damages generally include the site owner or operator and persons that disposed or arranged for the disposal of hazardous substances found at those sites. Although CERCLA imposes joint and several liability on all potentially responsible parties, in application, the potentially responsible parties typically allocate the investigation and cleanup costs based upon, among other things, the volume of waste contributed by each potentially responsible party.

Settlements can often be achieved through negotiations with the appropriate environmental agency or the other potentially responsible parties. Potentially responsible parties that contributed small amounts of waste (typically less than 1% of the waste) are often given the opportunity to settle as “de minimus” parties, resolving their liability for a particular site. We do not own or operate any of the waste sites with respect to which we have been named as a potentially responsible party by the government. Based on our review and other factors, we believe that costs relating to environmental clean-up at these sites will not have a material adverse effect on our results of operations, cash flows or financial position.

At December 31, 2014 and 2013, the Company had an accrued liability of approximately $4.5 million and $3.1 million, respectively, for various environmental-related liabilities to the extent costs are known or can be reasonably estimated as a liability. While it is difficult to estimate future environmental-related liabilities accurately, the Company does not currently anticipate any material adverse impact on its results of operations, financial position or cash flows as a result of compliance with federal, state, local or foreign environmental laws or regulations or cleanup costs of the sites discussed above.

Asbestos litigation

We have been a defendant in asbestos litigation for over 20 years. Our subsidiaries have been named as defendants in lawsuits alleging exposure to asbestos in products manufactured by us. As of December 31, 2014, we were a defendant in approximately 3,251 cases brought in Federal District Courts throughout the United States. In calendar years 2014, 2013 and 2012, 104, 133, and 113 asbestos cases, respectively, were brought against us. In the last 22 years, we have had no cases proceed to verdict. In many of the cases, we were dismissed as a defendant before trial for lack of product identification. As of December 31, 2014, 47,887 asbestos cases have been dismissed. In calendar years 2014, 2013 and 2012, 25,954 cases, 65 cases and 66 cases, respectively, were dismissed. With regards to the approximately 3,251 remaining pending cases, we are aggressively defending these cases based upon either lack of product identification as to whether we manufactured asbestos-containing product and/or lack of exposure to asbestos dust from the use of our product.

As of December 31, 2014, 2,679 pending lawsuits had been brought on behalf of plaintiffs by a single admiralty law firm (“MARDOC”) and seek unspecified damages. Plaintiffs in the MARDOC cases generally allege that they formerly worked in the maritime industry and sustained asbestos-related injuries from products that General Cable ceased manufacturing in the mid-1970s. The MARDOC cases are managed and supervised by a federal judge in the United States District Court for the Eastern District of Pennsylvania (“District Court”) by reason of a transfer by the judicial panel on Multidistrict Litigation (“MDL”). In September

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2014, upon receipt from the MDL Court of a current statistical report listing numbers of outstanding cases as well as a list identifying outstanding Maritime/MARDOC cases by plaintiff name, the Company recorded a dismissal of 25,759 cases reducing its number of pending Maritime/MARDOC cases to 2,679.

In the MARDOC cases in the MDL, the District Court in May 1996 dismissed all pending cases filed without prejudice and placed them on an inactive administrative docket. To reinstate a MARDOC case from the inactive docket, plaintiffs’ counsel must show that the plaintiff not only suffered from a recognized asbestos related injury, but also must produce specific product identification evidence to proceed against an individual defendant. During 2010, the MDL Court ordered plaintiffs to identify the defendants against whom they intended to proceed in the Maritime cases. General Cable was not named as a defendant against whom the plaintiffs intended to proceed. As such it is now anticipated that General Cable will be dismissed from all Maritime related lawsuits.

For cases outside the MDL as of December 31, 2014, plaintiffs have asserted monetary damages in 278 cases. In 143 of these cases, plaintiffs allege only damages in excess of some dollar amount (about $402 thousand per plaintiff); in these cases there are no claims for specific dollar amounts requested as to any defendant. In the 134 other cases pending in state and federal district courts (outside the MDL), plaintiffs seek approximately $457 million in damages from as many as 50 defendants. In one case, plaintiffs have asserted damages related to us in the amount of $10 million. In addition, in relation to these 278 cases, there are claims of $324 million in punitive damages from all of the defendants. However, many of the plaintiffs in these cases allege non-malignant injuries. At December 31, 2014 and 2013, we have accrued, on a gross basis, approximately $4.7 million and $5.2 million and had recorded approximately $0.5 million of insurance recoveries for these lawsuits, at each year end. The net amount of $4.2 million and $4.7 million as of December 31, 2014 and 2013 represents our best estimate in order to cover resolution of current and future asbestos-related claims.

The components of the asbestos litigation reserve are current and future asbestos-related claims. The significant assumptions are: (1) the number of cases per state, (2) an estimate of the judgment per case per state, (3) an estimate of the percentage of cases per state that would make it to trial and (4) the estimated total liability percentage, excluding insurance recoveries, per case judgment. Management's estimates are based on the Company's historical experience with asbestos-related claims. The Company's current history of asbestos claims does not provide sufficient and reasonable information to estimate a range of loss for potential future, unasserted asbestos claims because the number and the value of the alleged damages of such claims have not been consistent. As such, the Company does not believe a reasonably possible range can be estimated with respect to asbestos claims that may be filed in the future.

Settlement payments are made, and the asbestos reserve is relieved, when we receive a fully executed settlement release from the plaintiff's counsel. As of December 31, 2014, aggregate settlement costs were $9.5 million. In calendar years 2014, 2013 and 2012, the settlement costs totaled $0.6 million, $0.3 million and $0.6 million, respectively. As of December 31, 2014, aggregate costs of administering and litigating the asbestos claims were $24.7 million. In calendar years 2014, 2013 and 2012, the costs of administering and litigating asbestos claims totaled $1.8 million, $1.7 million and $1.7 million, respectively.

In January 1994, we entered into a settlement agreement with certain principal primary insurers concerning liability for the costs of defense, judgments and settlements, if any, in all of the asbestos litigation described above. Subject to the terms and conditions of the settlement agreement, the insurers were responsible for a substantial portion of the costs and expenses incurred in the defense or resolution of this litigation. However, one of the insurers participating in the settlement that was responsible for a significant portion of the contribution under the settlement agreement entered into insurance liquidation proceedings and another became insolvent. As a result, the contribution of the insurers has been reduced and we have had to bear substantially most of the costs relating to these lawsuits.

European Commission competition matter

As part of the Company’s acquisition of Silec Cable, S.A.S (“Silec”) in December 2005, SAFRAN SA (“SAFRAN”), agreed to indemnify the Company for the full amount of losses arising from, related to or attributable to practices, if any, that are similar to previous practices investigated by the French competition authority for alleged competition law violations related to medium-and high voltage cable markets. The Company has asserted a claim under this indemnity against SAFRAN related to the European Commission’s Statement of Objections, discussed below, to preserve the Company’s rights in case of an adverse European Commission decision.

On July 5, 2011, the European Commission issued a Statement of Objections in relation to its ongoing competition investigation to a number of wire and cable manufacturers in the submarine and underground power cables business, including our Spanish affiliate, Grupo General Cable Sistemas, and its French subsidiary, Silec. The Statement of Objections alleged that the two affiliates engaged in violations of competition law in the underground power cables businesses for limited periods of time. The allegations related to Grupo General Cable Sistemas claimed that it had participated in a cartel from January 2003 to May 2007, while the allegations related to Silec were for the ten month period following its December 22, 2005 acquisition from SAFRAN by Grupo General Cable Sistemas.

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Following our formal responses to the Statement of Objections in October 2011 and a hearing in 2012, the European Commission issued a final decision on April 2, 2014. In the decision, the claims of infringement against Grupo General Cable Sistemas were dismissed for lack of evidence of alleged cartel activity. With regard to Silec, the European Commission’s decision imposed a fine of 1.9 million Euros related to the period Silec has been owned by us. This fine was based on participation that allegedly commenced well before Silec was acquired by us. On June 13, 2014, we filed an appeal with the General Court of the European Union challenging the European Commission’s decision as to Silec in Europe based on established precedent. We also continue to pursue our claim for full indemnification for the Silec fine under the terms of the acquisition agreement with SAFRAN executed in 2005.

Transformer damage claims

In March 2012, we received formal notice of a claim for damages arising from a transformer fire that occurred in December 2010 allegedly resulting in loss of equipment and some consequential damages at a metal processing facility in Iceland. We supplied and installed cables and terminations to the transformer, which was manufactured and installed by an independent third party, during 2006 and the first quarter of 2007. Our work was inspected and accepted by the customer in March 2007. In August 2012, the customer initiated arbitration proceedings before the ICC Tribunal with a request to arbitrate in Pennsylvania. In September 2012, we initiated litigation in Pennsylvania state court seeking a declaration that we are not liable for any damages associated with the alleged loss resulting from the transformer fire and seeking to enjoin the ICC arbitration proceedings. The customer then moved the case from state to federal district court in the Western District of Pennsylvania which determined on motion that the ICC Tribunal not the court should decide whether the claims were arbitrable in the first instance. In January 2014, the ICC Tribunal deferred its determination of whether it had jurisdiction to determine arbitrability until an arbitration hearing and an arbitration hearing is scheduled for 2015. We believe we have substantial defenses to potential liability in regard to the transformer fire and claimed loss. At this time, we are unable to predict an estimated range of damages or whether we will have any liability, if any, attributable to the transformer fire.

Brazil Tax Matters

One of our Brazilian subsidiaries is involved in administrative proceedings with State treasury offices regarding whether tax incentives granted to us by one Brazilian state are applicable to goods sold in another Brazilian State. We believe we correctly relied on the tax incentives granted and that we have substantial defenses to their disallowance by the Brazilian State claimant.  The total amount of taxes allegedly due for the infractions including potential interest and penalties is up to $10 million.  In September 2012, an Administrative Court found that we were not liable for any incentive tax payments claimed by the State treasury office, however this determination was overturned on appeal and has since been further appealed.  This appeal remains pending at the Brazilian Courts.  Despite the pending appeal, in October 2014, the State issued a summons to recover the approximately $10 million of contested incentives described above, and we are complying with the terms of the State’s summons while continuing to contest the Court’s ruling.

One of our Brazilian subsidiaries has received formal notices of infractions from the Brazilian state authorities related to alleged failures of tax matters associated with the distribution of goods and services from one state to another and alleged failure to file electronic records with the state authorities in regard to inventories, good receipts, and invoices from acquisitions.  The total amount of taxes allegedly due for the infractions including potential interest and penalties is up to $20 million. 

Our Brazilian subsidiaries have received notifications of various other claims related to disputed tax credits taken on Federal Tax Offset returns, which are in various phases of litigation. The total amount of taxes allegedly due for the disputed credits, including potential interest and penalties is up to $12 million.

At this time, we believe we have defenses to all remaining claims or are unable to predict an estimated range of damages and whether or not a liability will exist for these remaining claims.

Brazil Labor Matter

One of our Brazilian subsidiaries has received infraction notices issued by the Department of Labor. Subsequently, the Brazilian Federal Labor Public Prosecutor filed a related lawsuit claiming collective punitive damages, in the amount of approximately $12 million. At this time, we are unable to predict an estimated range of damages and whether or not a liability will exist for these claims.

Brazil theft claim

As previously reported, on October 29, 2012, the Company announced that it had identified historical accounting errors relating to inventory. We concluded that the Brazil inventory accounting issues were, to a significant extent, attributable to a complex theft scheme affecting work in process and finished goods inventory. On July 11, 2014, we received notice of an insurance settlement and receipt of payment on the above theft in the amount of $5 million. 

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Government and internal investigations

We have been reviewing, with the assistance of external counsel, certain commission payments involving sales to customers of our subsidiary in Angola. The review has focused upon payment practices with respect to employees of public utility companies, use of agents in connection with such payment practices, and the manner in which the payments were reflected in our books and records. We have determined at this time that certain employees in our Portugal and Angola subsidiaries directly and indirectly made or directed payments at various times from 2002 through 2013 to officials of Angola government-owned public utilities that raise concerns under the FCPA and possibly under the laws of other jurisdictions. Based on an analysis completed with the assistance of our external counsel and forensic accountants, we have concluded at this time, that we are able to reasonably estimate the profit derived from sales made to the Angolan government-owned public utilities in connection with the payments described above which we believe is likely to ultimately be disgorged. As a result, we have recorded an estimated charge in the amount of $24 million as an accrual as of December 31, 2014. The accrued amount reflects the probable and estimable amount of the Angola-related profits that the Company believes is subject to being disgorged, and does not include any provision for any fines, civil or criminal penalties, or other relief, any or all of which could be substantial. We also have been reviewing, with the assistance of external counsel, our use and payment of agents in connection with our Thailand and India operations, which may have implications under the FCPA. We have voluntarily disclosed these matters to the SEC and the DOJ and have provided them with additional information at their request, including information in response to an SEC subpoena. The SEC and DOJ inquiries into these matters are ongoing. We continue to cooperate with the DOJ and the SEC with respect to these matters. At this time, we are unable to predict the nature of any action that may be taken by the DOJ or SEC or any remedies these agencies may pursue as a result of such actions. We are implementing a screening process relating to sales agents that we use outside of the United States, including, among other things, a review of the agreements under which they were retained and a risk-based assessment of such agents to determine the scope of due diligence measures to be performed by a third-party investigative firm. We also have provided anti-corruption training to our global sales force, and ultimately will provide such training to all salaried employees. In addition, we have hired a Chief Compliance Officer, who is responsible for the day-to-day management of our compliance function. The Chief Compliance Officer reports to our Chief Executive Officer, and also has a reporting relationship with the Audit Committee.

As previously disclosed, we conducted internal investigations, subject to the oversight of the Audit Committee of our Board of Directors and with the assistance of external counsel, principally relating to matters resulting in restatements of a number of our previously issued financial statements. The matters addressed in the investigations included (i) inventory accounting errors addressed in the restatements, including those resulting from inventory theft in Brazil, as well as the timing of internal reporting of the inventory accounting issues to senior corporate management at our headquarters in Highland Heights, Kentucky and (ii) historical revenue recognition accounting practices with regard to “bill and hold” sales in Brazil related to aerial transmission projects, including instances where we have determined that the requirements for revenue recognition under GAAP with respect to the bill and hold sales were not met. (“Bill and hold” sales generally are sales meeting specified criteria under GAAP that enable the seller to recognize revenue at the time title to goods and ownership risk is transferred to the customer, even though the seller does not ship the goods until a later time. In typical sales transactions other than those accounted for as bill and hold, title to goods and ownership risk is transferred to the customer at the time of shipment or delivery.) In connection with these matters, among others, our management identified control deficiencies that constituted material weaknesses in our internal control over financial reporting. These material weaknesses resulted in accounting errors that caused us to issue two sets of restated financial statements. In March 2013, principally to correct the inventory accounting errors, we issued restated consolidated financial statements as of December 31, 2011 and 2010 and for the years ended December 31, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and interim periods ended on March 30, 2012 and June 29, 2012. In January 2014, principally to correct errors relating to revenue recognition with respect to the bill and hold sales, we issued restated consolidated financial statements (which also encompassed matters addressed in the earlier restatement) as of December 31, 2012, 2011 and 2010 and for the years ended December 31, 2012, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and 2012 and the interim period ended on March 29, 2013.

We voluntarily contacted the SEC to advise it of our initial internal investigation, and we have continued to provide information to the SEC on an ongoing basis, including, among other things, information regarding the matters described above and certain earnings management activities by employees prior to the end of 2012. As we previously disclosed, these earnings management activities (none of which identified to date had a material effect on our consolidated financial statements) were designed to delay the reporting of expenses or other charges, including improper capitalization of costs, misuse of accruals and failure to timely report inventory shortfalls identified through physical inventory counts. The SEC has issued a formal order of investigation. Pursuant to the formal order, the SEC issued subpoenas to us seeking relevant documents and to certain of our current and former employees seeking their testimony. The SEC has requested information regarding, among other things, the above-described Angola matter, matters that were subject to our internal investigations and earnings management activities by employees. We continue to cooperate with the SEC in connection with its investigation.

Any determination that our operations or activities are not in compliance with existing laws or regulations could result in the imposition of substantial fines, civil and criminal penalties, and equitable remedies, including disgorgement and injunctive relief. Because the government investigations and our review regarding commission payment practices and our use and payment of

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agents described above are ongoing, we are unable to predict their duration, scope, results, or consequences. Dispositions of these types of matters can result in modifications to business practices and compliance programs, and in some cases the appointment of a monitor to review future business and practices with the objective of effecting compliance with the FCPA and other applicable laws. At this time, we cannot reasonably estimate the amount or range of additional possible loss that we may incur above the amount accrued to date in connection with the foregoing matters.

Purported class action and derivative litigation

Litigation was initiated against us and certain of our current and former directors, executive officers and employees following the restating of our financial statements principally as a result of the matters described above under “Government and internal investigations” relating to our Brazilian business.

Two civil complaints were filed in the United States District Court for the Southern District of New York on October 21, 2013 and December 4, 2013 by named plaintiffs, on behalf of purported classes of persons who purchased or otherwise acquired our publicly traded securities, against us, Gregory Kenny, our President and Chief Executive Officer, and Brian Robinson, our Executive Vice President and Chief Financial Officer. On our motion, the complaints were transferred to the United States District Court for the Eastern District of Kentucky, the actions were consolidated, and a consolidated complaint was filed in that Court on May 20, 2014 by City of Livonia Employees Retirement System, as lead plaintiff on behalf of a purported class of all persons or entities who purchased our securities between November 3, 2010 and October 14, 2013 (the “City of Livonia Complaint”). The City of Livonia Complaint alleged claims under the antifraud and controlling person liability provisions of the Exchange Act, alleging generally, among other assertions, that we employed inadequate internal financial reporting controls that resulted in, among other things, improper revenue recognition, understated cost of sales, overstated operating income, net income and earnings per share, and the failure to detect inventory lost through theft; that we issued materially false financial results that had to be restated on two occasions; and that statements of Messrs. Kenny and Robinson that they had tested and found effective our internal controls over financial reporting and disclosure were false. The City of Livonia Complaint alleged that as a result of the foregoing, our stock price was artificially inflated and the plaintiffs suffered damages in connection with their purchase of our stock. The City of Livonia Complaint seeked damages in an unspecified amount; reasonable costs and expenses, including counsel and experts fees; and such equitable injunctive or other relief as the Court deems just and proper. On July 18, 2014, defendants filed a motion to dismiss the City of Livonia Complaint based on plaintiff’s failure to state a claim upon which relief could be granted. After oral argument on January 7, 2015, the Court granted the motion to dismiss with prejudice on January 27, 2015. On February 24, 2015, plaintiff filed a motion to alter or amend the January 27, 2015 judgment and for leave to file the proposed amended complaint. Under the Local Rules, defendants’ opposition to the motion is due on March 17, 2015.

In addition, a derivative complaint was filed on January 7, 2014 in the Campbell County, Kentucky Circuit Court against all but one member of our Board of Directors, including Mr. Kenny, two former directors, Mr. Robinson and two former officials, one of whom is our former executive officer. The derivative complaint alleges that the defendants breached their fiduciary duties by knowingly failing to ensure that we implemented and maintained adequate internal controls over our accounting and financial reporting functions and by knowingly disseminating to stockholders materially false and misleading statements concerning our financial results and internal controls. The derivative complaint seeks damages in an unspecified amount, appropriate equitable relief to remedy the alleged breaches of fiduciary duty, attorneys’ fees, experts’ fees and other costs. On March 5, 2014, the derivative case was placed on inactive status until a motion is filed by a party to reinstate the action to the Court’s active docket.

We believe the derivative complaint, insofar as it relates to our current and former directors, including Mr. Kenny, and to Mr. Robinson, and the City of Livonia Complaint are without merit and intend to vigorously contest the actions.

Other

In addition, we are involved in various routine legal proceedings and administrative actions incidental to our business. In the opinion of our management, these routine proceedings and actions should not, individually or in the aggregate, have a material adverse effect on our consolidated results of operations, cash flows or financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of these matters or other similar matters, if unfavorable, may have such adverse effects.

In accordance with GAAP, we record a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. To the extent additional information arises or our strategies change, it is possible that our estimate of our probable liability in these matters may change.

In Europe as it relates to the 2005 purchase of shares of Silec, the Company has pledged to the bank the following: Silec shares, segment assets such as land and buildings and certain General Cable entities in Spain and Portugal, which have been designated as guarantors.

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The General Cable Executive Severance Benefit Plan (“Severance Plan”), effective January 1, 2008, applicable to the Company’s executive officers includes a change in control provision such that the executives may receive payments or benefits in accordance with the Severance Plan to the extent that both a change of control and a triggering event, each as defined in the Severance Plan, occur. Unless there are circumstances of ineligibility, as defined, the Company must provide payments and benefits upon both a change in control and a triggering event.

The Company has entered into various operating lease agreements related principally to certain administrative, manufacturing and distribution facilities and transportation equipment. Future minimum rental payments required under non-cancelable lease agreements at December 31, 2014 were as follows: 2015 — $37.3 million, 2016 — $31.7 million, 2017 — $27.0 million, 2018 — $17.9 million, 2019 — $6.8 million and thereafter $9.4 million. Rental expense recorded in income from continuing operations was $45.3 million, $47.0 million and $29.8 million for the years ended December 31, 2014, 2013 and 2012, respectively.

As of December 31, 2014, the Company had $75.1 million in letters of credit, $190.2 million in various performance bonds and $243.1 million in other guarantees. Other guarantees include bank guarantees and advance payment bonds. These letters of credit, performance bonds and guarantees are periodically renewed and are generally related to risk associated with self-insurance claims, defined benefit plan obligations, contract performance, quality and other various bank and financing guarantees. Advance payment bonds are often required by customers when the Company obtains advance payments to secure the production of cable for long term contracts. The advance payment bonds provide the customer protection on their deposit in the event that the Company does not perform under the contract.

20.Unconsolidated Affiliated Companies

Unconsolidated affiliated companies are those in which the Company generally owns less than 50 percent of the outstanding voting shares. The Company does not control these companies and accounts for its investments in them on the equity method basis. The unconsolidated affiliated companies primarily manufacture or market wire and cable products in our Latin America and Africa/Asia Pacific segments. As of December 31, 2014 and 2013, the Company has recorded on its Consolidated Balance Sheets an investment in unconsolidated affiliated companies of $17.5 million and $19.0 million, respectively. The Company’s share of the income of these companies is reported in the Consolidated Statements of Operations and Comprehensive Income (Loss) under “Equity in net earnings of affiliated companies.” In 2014, 2013 and 2012, equity in net earnings of affiliated companies was $1.4 million, $1.7 million, and $1.7 million, respectively. As of December 31, 2014, the Company’s ownership percentage was as follows: PDTL Trading Company Ltd. 49%, Colada Continua Chilean, S.A. 41%, Nostag GmBH & Co. KG 33%, Pakistan Cables Limited 24.6%, Keystone Electric Wire & Cable Co., Ltd. 20% and Thai Copper Rod Company Ltd. 18%.

21. Fair Value Disclosure

The fair market values of the Company’s financial instruments are determined based on the fair value hierarchy as discussed in ASC 820 - Fair Value Measurements.

The Company carries derivative assets and liabilities (Level 2) and marketable equity securities (Level 1) held in the rabbi trust as part of the Company’s Deferred Compensation Plan at fair value. The fair values of derivative assets and liabilities traded in the over-the-counter market are determined using quantitative models that require the use of multiple market inputs including interest rates, prices and indices to generate pricing and volatility factors, which are used to value the position. The predominance of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Marketable equity securities are recorded at fair value, which are based on quoted market prices.

Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in millions).

	Fair Value Measurement
	December 31, 2014								December 31, 2013
(in millions)	Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3		Fair Value
Assets:
Derivative assets	$	—	$	5.4	$	—	$	5.4	$	—	$	7.2	$	—	$	7.2
Equity securities	22.1		—		—		22.1		22.2		—		—		22.2
Total Assets	$	22.1	$	5.4	$	—	$	27.5	$	22.2	$	7.2	$	—	$	29.4
Liabilities:
Derivative liabilities	$	—	$	8.1	$	—	$	8.1	$	—	$	9.3	$	—	$	9.3
Total liabilities	$	—	$	8.1	$	—	$	8.1	$	—	$	9.3	$	—	$	9.3

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At December 31, 2014, there were no material financial assets or financial liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

During the first quarter of 2014, the Company recognized a goodwill impairment charge of $155.1 million and an impairment charge of $93.4 million for the indefinite-lived trade name associated with the PDIC reporting unit. In addition, the Company recognized asset-related charges of $29.3 million related to the Company long-lived assets in Venezuela, $117.5 million related to the July 2014 restructuring plan and $13.1 million for the closure of the Brazil aluminum rod mill manufacturing plant in the year ended December 31, 2014.

To determine the fair value for the above assets, the Company considered appraisals, including discounted cash flows expected to result from the use and eventual disposition of the assets, utilizing standard valuation approaches, which incorporate Level 3 inputs. To determine the fair value of the asset groups, the Company employed both income and market-based approaches.  See Note 3 - Restructuring and Review of Strategic Alternatives and Operational Structure, Note 7 - Property, Plant and Equipment and Note 8 - Goodwill and Other Intangibles for additional details.

Similarly, there were no other nonfinancial assets or nonfinancial liabilities measured at fair value on a non-recurring basis.

22. Venezuelan Operations

2013 Devaluation and other 2013 government actions

The Venezuelan government has maintained currency controls and a fixed official exchange rate since February 2003. The Commission for the Administration of Foreign Exchange (“CADIVI”) until recently controlled the sale and purchase of foreign currency in Venezuela. In 2011, CADIVI established an official exchange rate of 4.30 BsF to 1 U.S. dollar ("U.S. Dollar") (the “prior official rate”). On February 13, 2013, the Venezuelan government announced the devaluation of its currency from 4.30 BsF per U.S. dollar to 6.30 BsF per U.S. dollar (the “official rate”). The functional currency of the Company’s subsidiary in Venezuela is the U.S. dollar.  Due to the impact of the devaluation on February 13, 2013, the Company recorded a pre-tax charge of $40.9 million in the year ended December 31, 2013 primarily related to the remeasurement of the local Venezuelan balance sheet on the date of the devaluation at the 6.30 BsF per U.S. dollar rate.  At December 31, 2013, the Company was still able to import copper at the official rate. In 2013, the Company remeasured the monetary assets and liabilities denominated in bolivars of its Venezuelan subsidiary at the official rate.

In March 2013, the Venezuelan government announced the creation of a new alternative currency exchange system authorizing certain companies that operate in designated industry sectors to exchange a limited volume of bolivars for dollars at a bid rate established via weekly auctions under the Complementary System of Foreign Currency Acquirement (“SICAD 1”). These auctions began weekly in October 2013 and the Central Bank of Venezuela began publishing the average exchange rate resulting from the weekly SICAD 1 auctions in December 2013.

First quarter 2014 devaluation and first quarter 2014 government actions

On January 24, 2014, the Venezuelan government announced the establishment of a dual exchange rate system. A rate of 6.30 BsF per U.S. dollar will be applied to priority sectors, while other sectors of the economy are eligible to apply an exchange rate determined based on the results of the Venezuelan central bank’s system of weekly SICAD 1 currency auctions to a wider range of transactions. In addition, on January 24, 2014, the Venezuelan government issued Exchange Agreement No. 25, which stated that the rate of exchange established in the most recent SICAD 1 auction would be used for payments related to foreign investments, royalties and the use and exploitation of patents, trademarks, licenses, franchises and technology. In January 2014, the Venezuelan government also announced the replacement of CADIVI with a new foreign currency administration, the National Center for Foreign Commerce (CENCOEX). An entity may seek approval to transact through the CENCOEX mechanism at the official rate; however, we understand that certain transactions may be approved at the latest published SICAD 1 rate depending on an entity’s facts and circumstances.

On February 19, 2014, the Venezuelan government announced plans for another currency exchange mechanism (“SICAD 2”) which allows authorized foreign exchange operators, such as regulated banks and capital market brokers, to act as intermediaries in the sale of acquisitions of foreign currency. The SICAD 2 rate was intended to more closely resemble a market-driven exchange rate compared to the rates provided by Venezuela’s other regulated exchange mechanisms. SICAD 2 became effective on March 24, 2014 and the approximate SICAD 2 rate at December 31, 2014 was 50 BsF per U.S. dollar.

After consultation with Venezuelan legal counsel, management had determined in the first quarter of 2014 that “foreign investments” in Exchange Agreement No. 25 should be interpreted to mean that future dividend remittances would be transacted at the exchange

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rate established through the SICAD 1 auction process, and should be used as the exchange rate required to remeasure the Company’s net monetary assets, after giving consideration to the U.S. dollar-denominated payables noted above which the Company expects the Venezuelan government to approve and settle by using U.S. dollars obtained at the official rate.

Effective in the first quarter the Company expected that the majority of its Venezuelan subsidiary’s net monetary assets would have been remeasured at the SICAD 1 rate since that is the rate the Company believed, would have been applicable for future dividend remittances. In applying the March 28, 2014 SICAD 1 exchange rate of 10.8 BsF per U.S. dollar to certain of its monetary assets and liabilities, the Company recorded a devaluation charge of $83.1 million for the year ended December 31, 2014 which was included in Other income (expense) within the Consolidated Statements of Operations and Comprehensive Income (Loss).

The Company participated in two SICAD 1 auctions in the second quarter of 2014. The Company was successful in one of the two auctions and was awarded and granted payment for $15.2 million for the purchase of copper pounds.

At March 28, 2014, the Company did not intend to utilize the SICAD 2 foreign exchange mechanism at the prevailing exchange rates. The Company assessed a number of factors, including the limited number of SICAD 2 auctions held to date at the time, the Company’s ability to access the SICAD 2 exchange at that date, the restrictions placed on eligible participants, the amount of U.S. dollars available for purchase through the auction process, and the historical lack of official information about the resulting SICAD 2 rate at that date.  At that time, based upon its assessment, the Company did not believe it would be appropriate to use rates from the SICAD 2 exchange system for financial reporting purposes. 

In addition to the aforementioned exchange controls, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which restricts the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels.

Fourth quarter 2014 devaluation and fourth quarter 2014 government actions

As of December 31, 2014, given increased uncertainties and lack of liquidity, the Company determined the SICAD 2 floating auction rate would be the appropriate rate to use for financial reporting purposes. As of December 30, 2014, the Venezuela President took over the Central Bank's exchange mechanisms, removing the head of the CENCOEX. In addition, the SICAD 1 auctions have been increasingly restricted. The Company, in one SICAD 1 auction, was awarded $11.2 million for the purchase of copper pounds in the fourth quarter of 2014; however, as of December 31, 2014 the $11.2 million awarded had not been authorized for payment. There have been no companies that have been authorized for payment since October that were awarded U.S. dollars through the SICAD 1 auctions. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels.

As of December 31, 2014, the Company has not participated in the SICAD 2 auctions, given the low dollar values awarded are generally not sufficient to purchase needed quantities of copper pounds. However, to maintain liquidity the Company intended to participate in future auctions. Although there were uncertainties related to the SICAD 2 auctions, at December 31, 2014 the Company believed the SICAD 2 floating rate would be applicable for future dividend remittances.

As of December 31, 2014, the Company used the SICAD 2 rate of approximately 50 BsF per U.S. dollar to remeasure all of its BsF-denominated assets and liabilities of its Venezuelan subsidiary. In applying the December 31, 2014 SICAD 2 exchange rate of 50 BsF per U.S. dollar to certain of its monetary assets and liabilities, the Company recorded a devaluation charge of $90.2 million for the year ended December 31, 2014 which was included in Other income (expense) within the Consolidated Statements of Operations and Comprehensive Income (Loss).

Other Venezuela accounting considerations

In the first quarter of 2014, due to the estimated decline in operating results of the Venezuelan subsidiary related to the Venezuelan government's new foreign exchange laws, price controls and social unrest, the Company recognized a goodwill impairment charge of $155.1 million and an impairment charge of $93.4 million for the indefinite-lived trade name associated with the PDIC reporting unit in the year ended December 31, 2014. See Note 8 - Goodwill and Other Intangible Assets for additional information.

In the fourth quarter of 2014, due to the change in the rate used to remeasure the financial statements of the Venezuelan subsidiary(from SICAD 1 to SICAD 2), the Company's estimated future operating results were determined to be lower than historical and

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previously projected future profit levels; therefore, the Company recognized an impairment charge of $29.3 million related to the long-lived assets. See Note 7 - Property, Plant and Equipment for additional information.

In the fourth quarter of 2014, the Venezuelan government's default risk increased substantially as external finances continued to deteriorate due to the strong decrease in oil prices and downgrade in the credit rating. Based on the increased default risk and the downgrade in the credit rating the Company recognized a $10.3 million charge for the long-term value added tax receivable from the Venezuelan government.

During 2014, the Venezuelan entity recorded $9.5 million of lower of cost or market charges. See Note 6 - Inventories for additional information.

2014 Venezuela results

During the years ended December 31, 2014 and 2013, the Company settled $5.7 million and $55.9 million of U.S. dollar denominated intercompany payables and accounts payable in Venezuela, respectively. In the year ended December 31, 2014, $4.9 million was authorized at the official rate and $0.8 million was authorized at the 4.30 BsF per U.S. dollar rate. There were approximately $44.3 million of U.S. dollar payables which the Company expects to settle at the SICAD 2 rate as of December 31, 2014. For the year ended December 31, 2013 settlements were made at the rate of 4.30 BsF per U.S. dollar on U.S. dollar denominated intercompany payables and accounts payable. Settlements were made at the rate of of 4.30 BsF per U.S. dollar on U.S. dollar denominated intercompany payables and accounts payable in the year ended December 31, 2013 because the authorization for copper imports was submitted prior to the devaluation on February 13, 2013. For the year ended December 31, 2012, all transactions were settled at the 4.30 BsF per U.S. dollar rate, the official rate during this time.

At December 31, 2014 and 2013, the Company’s total assets in Venezuela were approximately $43 million and $367 million and total liabilities were approximately $51 million and $103 million, respectively. At December 31, 2014 and 2013, included within total assets were BsF denominated monetary assets of approximately $37 million and $238 million, which consisted primarily of approximately $31 million and $194 million of cash, and approximately $2 million and $40 million of accounts receivable, respectively. At December 31, 2014 and 2013, included within total liabilities were BsF denominated monetary liabilities of approximately $7 million and $65 million, which consisted primarily of accounts payable and other accruals.

Sales in Venezuela were 2% and 4% of our consolidated net sales for each of the years ended December 31, 2014 and 2013. Operating loss in Venezuela was 27% of our consolidated operating income loss or the year ended December 31, 2014 and operating income in Venezuela was 31% of our consolidated operating income for the year ended December 31, 2013, respectively. For the year ended December 31, 2014, Venezuela’s sales and cost of goods sold were approximately 100% and 66% BsF denominated and approximately 0% and 34% U.S. dollar denominated, respectively. For the year ended December 31, 2013, Venezuela’s sales and cost of goods sold were approximately 99% and 41% BsF denominated and approximately 1% and 59% U.S. dollar denominated, respectively.

At December 31, 2014, $44.3 million U.S. dollar denominated intercompany payables remained pending over 180 days, which we expected would be settled at the SICAD 2 rate. At December 31, 2013, $37.6 million U.S. dollar denominated intercompany payables remained pending with CADIVI, which were expected to be settled at the 6.30 BsF per U.S. dollar rate. Approximately $22.4 million of the requested settlements had been pending up to 30 days, $15.1 million had been pending up to 180 days, and $0.1 million had pending over 180 days. Currency exchange controls in Venezuela continue to limit our ability to remit funds from Venezuela. We do not consider the net assets of Venezuela to be integral to our ability to service our debt and operational requirements.

23.Quarterly Operating Results (Unaudited)

The interim financial information is unaudited. In the opinion of management, the interim financial information reflects all adjustments necessary for a fair presentation of quarterly financial information. Quarterly results have been influenced by seasonal factors inherent in General Cable’s businesses. The sum of the quarters’ earnings per share amounts may not add to full year earnings per share because each quarter is calculated independently, and the sum of the quarters’ other figures may not add to the full year because of rounding. The Company's fiscal quarters consist of 13-week periods ending on the Friday nearest to the end of the calendar months of March, June and September.

115

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2014
Net sales	$	1,430.1		$	1,531.3		$	1,471.7		$	1,546.7
Gross profit	132.1			131.8			26.6			102.7
Net income (loss) attributable to Company common shareholders	(315.4		)	(24.8		)	(124.2		)	(163.2		)
Net income (loss) attributable to Company common shareholders — for diluted EPS computation	(315.4		)	(24.8		)	(124.2		)	(163.2		)
Earnings (loss) per common share — basic	$	(6.42	)	$	(0.51	)	$	(2.55	)	$	(3.35	)
Earnings (loss) per common share — assuming dilution	$	(6.42	)	$	(0.51	)	$	(2.55	)	$	(3.35	)

	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
2013
Net sales	$	1,543.7		$	1,659.1	$	1,557.1	$	1,661.3
Gross profit	156.9			192.8		160.2		193.8
Net income (loss) attributable to Company common shareholders	(45.8		)	8.2		5.7		13.8
Net income (loss) attributable to Company common shareholders — for diluted EPS computation	(45.8		)	8.3		5.8		13.9
Earnings (loss) per common share — basic	$	(0.92	)	$	0.17	$	0.11	$	0.28
Earnings (loss) per common share — assuming dilution	$	(0.92	)	$	0.16	$	0.11	$	0.27

116

24. Supplemental Guarantor Condensed Financial Information

General Cable Corporation (“Parent Company”) and its U.S. 100% wholly-owned subsidiaries (“Guarantor Subsidiaries”) fully and unconditionally guarantee the $600.0 million of 5.75% Senior Notes due in 2022 and the $125.0 million of Senior Floating Rate Notes due in 2015 of the Parent Company on a joint and several basis. The following tables present financial information about the Parent Company, Guarantor Subsidiaries and Non-Guarantor Subsidiaries in millions. Intercompany transactions are eliminated in the "Eliminations" column of the Supplemental Guarantor Condensed Financial Information tables.

117

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2014

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,064.9		$	3,914.9		$	—		$	5,979.8
Intercompany	58.8			303.6			200.3			(562.7		)	—
	58.8			2,368.5			4,115.2			(562.7		)	5,979.8
Cost of sales	—			2,103.8			3,986.7			(503.9		)	5,586.6
Gross profit	58.8			264.7			128.5			(58.8		)	393.2
Goodwill impairment charge	—			—			155.1			—			155.1
Intangible asset impairment charges	—			2.1			96.7			—			98.8
Selling, general and administrative expenses	49.9			181.3			278.3			(58.8		)	450.7
Operating income (loss)	8.9			81.3			(401.6		)	—			(311.4		)
Other income (expense)	(1.5		)	5.3			(216.7		)	—			(212.9		)
Interest income (expense):
Interest expense	(63.0		)	(65.7		)	(57.0		)	69.4			(116.3		)
Interest income	55.2			13.9			4.8			(69.4		)	4.5
	(7.8		)	(51.8		)	(52.2		)	—			(111.8		)
Income (loss) before income taxes	(0.4		)	34.8			(670.5		)	—			(636.1		)
Income tax (provision) benefit	0.1			(11.4		)	3.0			—			(8.3		)
Equity in net earnings of affiliated companies and subsidiaries	(627.3		)	(650.7		)	0.8			1,278.6			1.4
Net income (loss) including noncontrolling interest	(627.6		)	(627.3		)	(666.7		)	1,278.6			(643.0		)
Less: net income (loss) attributable to noncontrolling interest	—			—			(15.4		)	—			(15.4		)
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(627.3	)	$	(651.3	)	$	1,278.6		$	(627.6	)
Comprehensive income (loss):
Net income (loss)	$	(627.6	)	$	(627.3	)	$	(666.7	)	$	1,278.6		$	(643.0	)
Currency translation gain (loss)	(118.0		)	(118.0		)	(61.0		)	199.7			(97.3		)
Defined benefit plan adjustments, net of tax	(25.7		)	(25.7		)	(12.4		)	38.1			(25.7		)
Other, net of tax	(7.6		)	(7.6		)	—			7.6			(7.6		)
Comprehensive income (loss), net of tax	(778.9		)	(778.6		)	(740.1		)	1,524.0			(773.6		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			5.3			—			5.3
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(778.9	)	$	(778.6	)	$	(745.4	)	$	1,524.0		$	(778.9	)

118

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2013

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,233.0		$	4,188.2		$	—		$	6,421.2
Intercompany	56.0			292.0			281.4			(629.4		)	—
	56.0			2,525.0			4,469.6			(629.4		)	6,421.2
Cost of sales	—			2,244.5			4,046.4			(573.4		)	5,717.5
Gross profit	56.0			280.5			423.2			(56.0		)	703.7
Selling, general and administrative expenses	43.4			191.0			313.6			(56.0		)	492.0
Operating income	12.6			89.5			109.6			—			211.7
Other income (expense)	—			(6.2		)	(60.5		)	—			(66.7		)
Interest income (expense):
Interest expense	(86.9		)	(110.7		)	(48.1		)	120.8			(124.9		)
Interest income	105.1			15.2			7.4			(120.8		)	6.9
	18.2			(95.5		)	(40.7		)	—			(118.0		)
Income (loss) before income taxes	30.8			(12.2		)	8.4			—			27.0
Income tax (provision) benefit	(11.5		)	13.8			(41.1		)	—			(38.8		)
Equity in net earnings of affiliated companies and subsidiaries	(37.1		)	(38.7		)	0.8			76.7			1.7
Net income (loss) including noncontrolling interest	(17.8		)	(37.1		)	(31.9		)	76.7			(10.1		)
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			7.7			—			7.7
Net income (loss) attributable to Company common shareholders	$	(18.1	)	$	(37.1	)	$	(39.6	)	$	76.7		$	(18.1	)
Comprehensive income (loss):
Net income (loss)	$	(17.8	)	$	(37.1	)	$	(31.9	)	$	76.7		$	(10.1	)
Currency translation gain (loss)	(39.2		)	(39.2		)	(55.8		)	87.3			(46.9		)
Defined benefit plan adjustments, net of tax	31.8			31.8			12.3			(43.9		)	32.0
Change in fair value of derivatives, net of tax	(0.1		)	(0.1		)	0.3			0.2			0.3
Comprehensive income (loss), net of tax	(25.3		)	(44.6		)	(75.1		)	120.3			(24.7		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			0.6			—			0.6
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(25.3	)	$	(44.6	)	$	(75.7	)	$	120.3		$	(25.3	)

119

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2012

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,015.8		$	4,043.7		$	—		$	6,059.5
Intercompany	54.4			150.3			320.6			(525.3		)	—
	54.4			2,166.1			4,364.3			(525.3		)	6,059.5
Cost of sales	—			1,903.6			4,001.9			(470.9		)	5,434.6
Gross profit	54.4			262.5			362.4			(54.4		)	624.9
Selling, general and administrative expenses	41.5			152.6			285.8			(54.4		)	425.5
Operating income	12.9			109.9			76.6			—			199.4
Other income (expense)	—			—			(2.9		)	—			(2.9		)
Interest income (expense):
Interest expense	(70.6		)	(96.1		)	(48.0		)	107.9			(106.8		)
Interest income	91.6			15.5			7.3			(107.9		)	6.5
Loss on extinguishment of debt	(9.3		)	—			—			—			(9.3		)
	11.7			(80.6		)	(40.7		)	—			(109.6		)
Income (loss) before income taxes	24.6			29.3			33.0			—			86.9
Income tax (provision) benefit	(10.9		)	(11.0		)	(56.7		)	—			(78.6		)
Equity in net earnings of affiliated companies and subsidiaries	(9.4		)	(27.7		)	1.2			37.6			1.7
Net income (loss) including noncontrolling interest	4.3			(9.4		)	(22.5		)	37.6			10.0
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			5.7			—			5.7
Net income (loss) attributable to Company common shareholders	$	4.0		$	(9.4	)	$	(28.2	)	$	37.6		$	4.0
Comprehensive income (loss):
Net income (loss)	$	4.3		$	(9.4	)	$	(22.5	)	$	37.6		$	10.0
Currency translation gain (loss)	8.4			7.6			5.1			(11.2		)	9.9
Defined benefit plan adjustments, net of tax	(21.4		)	(21.4		)	(20.0		)	41.5			(21.3		)
Change in fair value of derivatives, net of tax	5.8			5.8			2.8			(8.4		)	6.0
Comprehensive income (loss), net of tax	(2.9		)	(17.4		)	(34.6		)	59.5			4.6
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			7.5			—			7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(2.9	)	$	(17.4	)	$	(42.1	)	$	59.5		$	(2.9	)

120

Condensed Balance Sheet Information

December 31, 2014

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	1.2		$	204.6	$	—		$	205.8
Receivables, net of allowances	—		273.7			733.3		—			1,007.0
Inventories	—		406.9			611.9		—			1,018.8
Deferred income taxes	—		15.6			16.8		—			32.4
Prepaid expenses and other	1.6		30.6			74.2		—			106.4
Assets held for sale	—		—			25.7		—			25.7
Total current assets	1.6		728.0			1,666.5		—			2,396.1
Property, plant and equipment, net	0.5		209.0			548.9		—			758.4
Deferred income taxes	—		—			24.8		—			24.8
Intercompany accounts	1,280.8		402.4			94.1		(1,777.3		)	—
Investment in subsidiaries	269.9		643.9			—		(913.8		)	—
Goodwill	—		13.8			12.3		—			26.1
Intangible assets, net	—		11.4			53.7		—			65.1
Unconsolidated affiliated companies	—		8.3			9.2		—			17.5
Other non-current assets	12.1		33.7			32.9		—			78.7
Total assets	$	1,564.9	$	2,050.5		$	2,442.4	$	(2,691.1	)	$	3,366.7
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	106.8		$	565.3	$	—		$	672.1
Accrued liabilities	11.2		114.5			281.5		—			407.2
Current portion of long-term debt	125.0		—			278.5		—			403.5
Total current liabilities	136.2		221.3			1,125.3		—			1,482.8
Long-term debt	778.8		136.8			18.3		—			933.9
Deferred income taxes	196.8		(40.9		)	27.1		—			183.0
Intercompany accounts	—		1,374.5			402.8		(1,777.3		)	—
Other liabilities	1.0		88.9			150.1		—			240.0
Total liabilities	1,112.8		1,780.6			1,723.6		(1,777.3		)	2,839.7
Redeemable noncontrolling interest	—		—			13.8		—			13.8
Total Company shareholders’ equity	452.1		269.9			643.9		(913.8		)	452.1
Noncontrolling interest	—		—			61.1		—			61.1
Total liabilities and equity	$	1,564.9	$	2,050.5		$	2,442.4	$	(2,691.1	)	$	3,366.7

121

Condensed Balance Sheet Information

December 31, 2013

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories	—		438.0			801.6		—			1,239.6
Deferred income taxes	—		23.3			26.9		—			50.2
Prepaid expenses and other	1.9		32.7			91.6		—			126.2
Total current assets	2.1		754.7			2,249.7		—			3,006.5
Property, plant and equipment, net	0.6		231.9			859.5		—			1,092.0
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,305.5		507.7			35.8		(1,849.0		)	—
Investment in subsidiaries	1,050.4		1,332.3			—		(2,382.7		)	—
Goodwill	—		13.7			170.9		—			184.6
Intangible assets, net	—		15.5			167.4		—			182.9
Unconsolidated affiliated companies	—		8.0			11.0		—			19.0
Other non-current assets	13.7		33.8			30.6		—			78.1
Total assets	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	118.5		$	752.1	$	—		$	870.6
Accrued liabilities	13.8		103.9			317.2		—			434.9
Current portion of long-term debt	—		—			250.3		—			250.3
Total current liabilities	13.8		222.4			1,319.6		—			1,555.8
Long-term debt	902.0		225.0			9.6		—			1,136.6
Deferred income taxes	175.2		(19.4		)	78.0		—			233.8
Intercompany accounts	—		1,339.7			509.3		(1,849.0		)	—
Other liabilities	1.1		79.5			175.3		—			255.9
Total liabilities	1,092.1		1,847.2			2,091.8		(1,849.0		)	3,182.1
Redeemable noncontrolling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Noncontrolling interest	—		—			99.6		—			99.6
Total liabilities and equity	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9

122

Condensed Statement of Cash Flows Information

Year Ended December 31, 2014

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net cash flows of operating activities	$	0.6		$	116.9		$	30.8		$	(15.1	)	$	133.2
Cash flows of investing activities:
Capital expenditures	—			(34.3		)	(55.3		)	—			(89.6		)
Proceeds from properties sold	—			16.6			4.8			—			21.4
Disposal of a subsidiary, net of cash disposed of	—			—			52.4			—			52.4
Intercompany accounts	—			(19.8		)	—			19.8			—
Other	—			(1.6		)	1.4			—			(0.2		)
Net cash flows of investing activities	—			(39.1		)	3.3			19.8			(16.0		)
Cash flows of financing activities:
Dividends paid to shareholders	(35.4		)	—			—			—			(35.4		)
Intercompany accounts	65.0			49.3			(109.6		)	(4.7		)	—
Proceeds from other debt	—			1,406.6			1,283.3			—			2,689.9
Repayments of other debt	—			(1,494.9		)	(1,245.4		)	—			(2,740.3		)
Purchase of noncontrolling interest	—			(1.5		)	0.8			—			(0.7		)
Dividends paid to noncontrolling interest	—			—			(6.2		)	—			(6.2		)
Repurchase of common shares	(30.7		)	—			—			—			(30.7		)
Proceeds from exercise of stock options	0.3			—			—			—			0.3
Net cash flows of financing activities	(0.8		)	(40.5		)	(77.1		)	(4.7		)	(123.1		)
Effect of exchange rate changes on cash and cash equivalents	—			(38.3		)	(167.5		)	—			(205.8		)
Cash held for sale	—			—			(1.3		)	—			(1.3		)
Increase (decrease) in cash and cash equivalents	(0.2		)	(1.0		)	(211.8		)	—			(213.0		)
Cash and cash equivalents — beginning of period	0.2			2.2			416.4			—			418.8
Cash and cash equivalents — end of period	$	—		$	1.2		$	204.6		$	—		$	205.8

123

Condensed Statement of Cash Flows Information

Year Ended December 31, 2013

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	56.0		$	100.1		$	(117.9	)	$	—	$	38.2
Cash flows of investing activities:
Capital expenditures	(0.3		)	(29.1		)	(59.7		)	—		(89.1		)
Acquisitions, net of cash acquired	—			(2.3		)	(4.6		)	—		(6.9		)
Proceeds from properties sold	—			0.3			0.1			—		0.4
Other	—			(43.7		)	44.7			—		1.0
Net cash flows of investing activities	(0.3		)	(74.8		)	(19.5		)	—		(94.6		)
Cash flows of financing activities:
Dividends paid to shareholders	(27.0		)	—			—			—		(27.0		)
Intercompany accounts	280.0			(306.0		)	26.0			—		—
Proceeds from other debt	—			420.0			1,225.3			—		1,645.3
Repayments of other debt	—			(194.9		)	(1,162.7		)	—		(1,357.6		)
Settlement of long term debt including fees and expenses	(355.0		)	—			—			—		(355.0		)
Purchase of noncontrolling interest	—			8.2			(12.2		)	—		(4.0		)
Dividends paid to noncontrolling interest	—			—			(5.3		)	—		(5.3		)
Repurchase of common shares	(19.5		)	—			—			—		(19.5		)
Proceeds from exercise of stock options	0.7			—			—			—		0.7
Net cash flows of financing activities	(120.8		)	(72.7		)	71.1			—		(122.4		)
Effect of exchange rate changes on cash and cash equivalents	—			5.4			(30.1		)	—		(24.7		)
Increase (decrease) in cash and cash equivalents	(65.1		)	(42.0		)	(96.4		)	—		(203.5		)
Cash and cash equivalents — beginning of period	65.3			44.2			512.8			—		622.3
Cash and cash equivalents — end of period	$	0.2		$	2.2		$	416.4		$	—	$	418.8

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Condensed Statement of Cash Flows Information

Year Ended December 31, 2012

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	55.6		$	58.6		$	158.4		$	—	$	272.6
Cash flows of investing activities:
Capital expenditures	(0.2		)	(25.1		)	(83.3		)	—		(108.6		)
Acquisitions, net of cash acquired	—			(175.3		)	(111.2		)	—		(286.5		)
Return of investment intercompany dividends	—			90.8			(90.8		)	—		—
Proceeds from properties sold	—			0.1			4.4			—		4.5
Other	(29.2		)	(129.0		)	158.5			—		0.3
Net cash flows of investing activities	(29.4		)	(238.5		)	(122.4		)	—		(390.3		)
Cash flows of financing activities:
Preferred stock dividend paid	(0.3		)	—			—			—		(0.3		)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6		)	—			—			—		(0.6		)
Intercompany accounts	(342.1		)	243.5			98.6			—		—
Proceeds from other debt	—			692.5			781.1			—		1,473.6
Repayments of other debt	—			(727.3		)	(833.5		)	—		(1,560.8		)
Issuance of long term debt	600.0			—			—			—		600.0
Settlement of long term debt including fees and expenses	(217.7		)	—			—			—		(217.7		)
Dividends paid to noncontrolling interest	—			—			(3.5		)	—		(3.5		)
Repurchase of common shares	(1.2		)	—			—			—		(1.2		)
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Net cash flows of financing activities	38.2			208.7			42.7			—		289.6
Effect of exchange rate changes on cash and cash equivalents	0.8			6.9			8.6			—		16.3
Increase (decrease) in cash and cash equivalents	65.2			35.7			87.3			—		188.2
Cash and cash equivalents — beginning of period	0.1			8.5			425.5			—		434.1
Cash and cash equivalents — end of period	$	65.3		$	44.2		$	512.8		$	—	$	622.3

Intercompany Activity

The Parent Company and its Guarantor Subsidiaries participate in a cash pooling program. As part of this program, cash balances are generally swept on a daily basis between the Guarantor Subsidiaries’ bank accounts and those of the Parent Company. There are a significant number of the Company’s subsidiaries that participate in this cash pooling arrangement and there are thousands of transactions per week that occur between the Parent Company and Guarantor Subsidiaries, all of which are accounted for through the intercompany accounts.

Parent Company transactions include interest, dividend, tax payments and intercompany sales transactions related to administrative costs incurred by the Parent Company, which are billed to Guarantor Subsidiaries on a cost-plus basis. These costs are reported in the Parent’s “Selling, general and administrative expenses” on the Consolidated Statement of Operations and Comprehensive Income (Loss) Information for the respective period(s). All intercompany transactions are presumed to be settled in cash when

125

they occur and are included in operating activities on the statement of cash flows. Non-operating cash flow changes have been classified as financing activities beginning in 2009.

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below:

	Year ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Beginning Balance	$	1,305.5		$	1,566.7		$	1,210.4
Non-cash transactions
Deferred tax	21.4			7.1			5.9
Equity based awards	13.8			11.7			11.7
Foreign currency and other	5.1			—			(3.4		)
Cash transactions	(65.0		)	(280.0		)	342.1
Ending Balance	$	1,280.8		$	1,305.5		$	1,566.7

Dividends

There were no dividend payments to the Parent Company from the Guarantor Subsidiaries in the twelve months ended December 31, 2014, 2013, and 2012.

Parent Company Long-Term Debt

At December 31, 2014 and 2013, the Parent Company was party to various long-term financing arrangements, as summarized below (in millions):

(in millions)	Dec 31, 2014			Dec 31, 2013
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(259.7		)	(261.5		)
0.875% Convertible Notes due 2013	—			—
Debt discount on 0.875% Convertible Notes due 2013	—			—
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	903.8			902.0
Less current maturities	125.0			—
Parent Company Long-term debt	$	778.8		$	902.0

(in millions)	2015		2016		2017		2018		2019
Debt maturities	$	125.0	$	—	$	—	$	—	$	—

Long-term debt related to the Parent Company is discussed in Note 10 - Long-Term Debt.

Commitments and Contingencies

For contingencies and guarantees related to the Parent Company, refer to Note 10 - Long-Term Debt and Note 19 - Commitments and Contingencies.

126

25.Subsequent Events

A new Venezuelan currency exchange system, known as the “Marginal Currency System” (or “SIMADI”), opened for trading February 12, 2015, replacing the previous SICAD 2 mechanism. The SIMADI is intended to provide limited access to a free market rate of exchange. At December 31, 2014 our net monetary asset position denominated in Venezuelan bolivar was $37 million. We believe that significant uncertainty exists regarding the exchange mechanisms in Venezuela, including how any such mechanisms will operate in the future and the availability of U.S. dollars under each mechanism including SIMADI. Consequently, we are not able to estimate the financial effect of using the SIMADI. We anticipate recognizing further remeasurement charges in the first quarter of 2015 and will continue to monitor the impact on our financial statements of the evolving Venezuela exchange rate.

On February 20, 2015, based on the analysis completed at that time with the assistance of our external counsel and forensic accountants, we concluded that we were able to reasonably estimate the amount of profit derived from sales made to the Angolan government-owned public utilities in connection with the payments described above, which we believe are likely to ultimately be disgorged. As a result, we have recorded an estimated charge in the amount of $24 million as an accrual as of December 31, 2014. The accrued amount reflects the probable and estimable amount of the Angola-related profits that the Company believes is subject to being disgorged, and does not include any provision for any fines, civil or criminal penalties, or other relief, any or all of which could be substantial.

127

Schedule II

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Valuation and Qualifying Accounts

(in millions)

	For the Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Accounts Receivable Allowances:
Beginning balance	$	39.2		$	38.3		$	21.2
Impact of foreign currency exchange rate changes	(4.2		)	(1.9		)	0.3
Provision	9.9			9.4			21.9
Write-offs	(12.9		)	(6.6		)	(5.1		)
Ending balance	$	32.0		$	39.2		$	38.3
Deferred Tax Valuation Allowance:
Beginning balance	$	93.8		$	77.8		$	40.0
Additions charged to tax expense	111.0			26.0			31.6
Changes attributable to acquisitions and dispositions	(1.2		)	—			0.4
Changes impacting equity and other movements	(45.4		)	(8.8		)	6.2
Reductions from utilization and reassessments	(12.8		)	(1.2		)	(0.4		)
Ending balance	$	145.4		$	93.8		$	77.8

128

EX-10.6.1

GENERAL CABLE CORPORATION

EXECUTIVE OFFICER SEVERANCE BENEFIT PLAN

AMENDMENT #1

WHEREAS, the General Cable Corporation Executive Officer Severance Benefit Plan (the “Plan”) is maintained by GK Technologies, Incorporated (the “Company”) for the benefit of certain senior executives of the General Cable Corporation (“GCC”) and its adopting affiliates;

WHEREAS, Section 11 of the Plan provides that the Plan may be amended by a written instrument executed by the President of the Company and approved by the Compensation Committee of the Board of Directors of GCC; and

WHEREAS, GCC and the Company desire to amend the Plan to provide that, effective as of August 1, 2014, no additional employees shall be eligible to participate in the Plan.

NOW, THEREFORE, BE IT RESOLVED, that the Plan shall be hereby amended effective as of August 1, 2014 as follows:

1. A new Section 2.03 shall be added to the Plan which shall state the following:

“No Additional Eligible Employees. Notwithstanding anything in the Plan to the contrary, an employee of GCC or an Affiliate who is hired, or first promoted, into a position of Executive Vice President or above on or after August 1, 2014 shall not be eligible to participate in the Plan.”

2. Except as set forth herein, all terms and conditions of the Plan shall remain in full force and effect.

3. Capitalized terms not otherwise defined herein shall have the meaning set forth in the Plan.

IN WITNESS WHEREOF, the President of the Company has caused this Amendment to be executed on the 19^th day of December, 2014.

GK TECHNOLOGIES, INCORPORATED
By	/s/ Gregory B. Kenny
	Gregory B. Kenny
	President

1

EX-10.23.7

AMENDMENT NO. 4 TO AMENDED AND RESTATED CREDIT AGREEMENT

AMENDMENT NO. 4 TO THE AMENDED AND RESTATED CREDIT AGREEMENT, dated as of October 28, 2014 (this “Amendment”) among GENERAL CABLE INDUSTRIES, INC., a Delaware corporation (the “U.S. Borrower”), GENERAL CABLE COMPANY LTD., a company organized under the laws of Nova Scotia (the “Canadian Borrower”), SILEC CABLE SAS, a French société par actions simplifiée (the “French Borrower”), NORDDEUTSCHE SEEKABELWERKE GMBH, a limited liability company (Gesellschaft mit beschränkter Haftung) existing under the laws of Germany (the “German Borrower”), GRUPO GENERAL CABLE SISTEMAS, S.L., a public limited liability company (formerly Grupo General Cable Sistemas, S.A., in process of conversion) organized under the laws of Spain (“Sistemas”), ECN CABLE GROUP, S.L., a limited liability company organized under the laws of Spain (“ECN” and, together with Sistemas, the “Spanish Borrowers” and each, a “Spanish Borrower”), GENERAL CABLE CORPORATION, a Delaware corporation (“Holdings”), the other Loan Parties party hereto, the Lenders party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent. Each capitalized term used herein and not defined herein shall have the meaning ascribed thereto in the Credit Agreement referred to below.

WITNESSETH

WHEREAS, the Borrowers, the Lenders, the Administrative Agent and certain other Persons are parties to that certain Amended and Restated Credit Agreement, dated as of September 6, 2013 (as amended by that certain Amendment No. 1 to Amended and Restated Credit Agreement, dated as of October 23, 2013, that certain Amendment No. 2 to Amended and Restated Credit Agreement, dated as of May 20, 2014 and that certain Amendment No. 3 to the Amended and Restated Credit Agreement, dated as of September 23, 2014, and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and

WHEREAS, the Borrowers have requested that the Administrative Agent and the Lenders agree to amend the Credit Agreement as set forth herein;

NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and without waiving any existing or future rights or remedies which the Administrative Agent, the European Administrative Agent and the Lenders may have against the Borrowers or the other Loan Parties, the Administrative Agent and the Lenders party hereto are willing to agree to so amend certain provisions of the Credit Agreement on the terms and subject to the conditions expressly set forth herein.

1.     Amendments to the Credit Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Borrowers, the Lenders party hereto and the Administrative Agent each agree that the Credit Agreement shall be and hereby is amended as of the date hereof by:

(a)The definition of “Fixed Charges” in Section 1.01 of the Credit Agreement is hereby amended by inserting the text “or the Floating Rate Senior Unsecured Notes” immediately after the text “repayment of the Convertible Senior Notes”.

1006783.03-CHISR02A - MSW

(b)The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby amended by amending and restating the last sentence of the second paragraph in its entirety as follows:

“In addition to the foregoing, if on any Adjustment Date, (a) the Total Consolidated Leverage Ratio of Holdings is less than or equal to 3.0 to 1.0 as of the last day of the immediately preceding fiscal quarter, then the Applicable Rate for each U.S. Loan and each Tranche B Loan shall be 0.25% less than as set forth above under the caption “ABR Spread”, “Canadian Prime Spread”, “Eurocurrency Spread”, or “CDOR Spread”, as the case may be, and such reduction shall be applicable to each level of the foregoing grid and be effective during the period commencing on such Adjustment Date and remain in effect until the following Adjustment Date or (b) the Total Consolidated Leverage Ratio of Holdings is greater than 4.75 to 1.0 as of the last day of the immediately preceding fiscal quarter, then the Applicable Rate for each U.S. Loan, each Tranche B Loan and each Tranche C Loan shall be 0.25% greater than as set forth above under the caption “ABR Spread”, “Canadian Prime Spread”, “Eurocurrency Spread”, “CDOR Spread” or Overnight LIBO Rate Spread, as the case may be, and such increase shall be applicable to each level of the foregoing grid and be effective during the period commencing on such Adjustment Date and remain in effect until the following Adjustment Date; provided, that if any Compliance Certificate is at any time restated or otherwise revised or if the information set forth in any Compliance Certificate otherwise proves to be false or incorrect such that the Applicable Rate would have been higher than was otherwise in effect during any period, without constituting a waiver of any Default or Event of Default arising as a result thereof, interest due under this Agreement shall be immediately recalculated at such higher rate for any such applicable periods and shall be due and payable on demand.

(c)Section 1.04 of the Credit Agreement is hereby amended by amending and restating the second sentence thereof as follows:

“Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made (i) without giving effect to any election under Financial Accounting Standards Board Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of any Loan Party, Holdings, the Borrowers or any Subsidiary at “fair value”, as defined therein and (ii) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments under Financial Accounting Standards Board Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof.”

2.     Conditions to Effectiveness. The amendment to the Credit Agreement set forth in Section 1 shall become effective as of the date hereof upon:

(a)    the Administrative Agent’s receipt of counterparts of this Amendment executed by each Borrower, each other Loan Party, the Administrative Agent, and the Required Lenders;

(b)    the Borrowers shall have delivered all customary agreements, certificates and other customary documents reasonably requested by the Administrative Agent in connection with this Amendment and the matters contemplated hereby;

2

(c)    the Administrative Agent shall have received a certificate signed by a duly authorized officer of each Borrower to the effect that, before and after giving effect to this Amendment on the date hereof: (i) the representations and warranties contained in Article III of the Credit Agreement and each of the other Loan Documents are true and correct in all material respects on and as of the date of such certificate as though made on and as of each such date (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date), and that any representation or warranty which is subject to any materiality qualifier shall be required to be true and correct in all respects; and (ii) no Default or Event of Default has occurred and is continuing or would result after giving effect to this Amendment; and

(d)    the Borrowers shall have paid to each Agent (i) for the benefit of the Lenders consenting to this Amendment (including JPMorgan Chase in its capacity as a Lender) (the “Consenting Lenders”), the Amendment Fee and (ii) such other fees or other amounts as may be then payable pursuant to any Loan Document.

3.     Representations and Warranties of the Borrowers. Each Borrower represents and warrants to each Lender and the Administrative Agent as of the date hereof:

(a)    Each Borrower has the legal power and authority to execute and deliver this Amendment and the officers of each Borrower executing this Amendment have been duly authorized to execute and deliver the same and bind such Borrower with respect to the provisions hereof.

(b)    This Amendment has been duly executed and delivered by each Loan Party that is a party hereto.

(c)    This Amendment and the Credit Agreement as modified hereby (the “Amended Agreement”) each constitutes the legal, valid and binding obligations of each Borrower and each other Loan Party, enforceable against it in accordance with their terms (except as enforceability may be limited by bankruptcy, insolvency, reorganization, examinership, moratorium or similar laws affecting the enforcement of creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law).

(d)    The execution and delivery by each Loan Party of this Amendment, the performance by each Loan Party of its obligations under the Amended Agreement and under the other Loan Documents to which they are parties and the consummation of the transactions contemplated by the Amended Agreement and the other Loan Documents: (i) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect and except for filings necessary to perfect Liens created pursuant to the Loan Documents, (ii) will not violate any material Requirement of Law applicable to any Loan Party or any of its Subsidiaries, (iii) will not violate or result in a default under any material indenture, agreement or other instrument binding upon any Loan Party or any of its Subsidiaries or the assets of any Loan Party or any of its Subsidiaries, or give rise to a right thereunder to require any payment to be made by any Loan Party or any of its Subsidiaries, (iv) will not contravene the terms of any certificates of incorporation, by-laws or other organizational or governing documents of any Loan Party, and (v) will not result in the creation or imposition of any Lien on any asset of any Loan Party or any of its Subsidiaries, except Liens created pursuant to the Loan Documents and Permitted Liens.

3

(e)    Each Borrower and each other Loan Party hereby reaffirms all covenants, representations and warranties made by it in the Credit Agreement and the other Loan Documents and agrees and confirms that all such representations and warranties are true and correct in all material respects as of the date of this Amendment (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date), and that any representation or warranty which is subject to any materiality qualifier is true and correct in all respects.

(f)    Each Borrower has caused to be conducted a thorough review of the terms of this Amendment, the Credit Agreement and the other Loan Documents and each Borrower’s and its Subsidiaries’ operations since the Effective Date and, as of the date hereof and after giving effect to the terms hereof, no Default or Event of Default has occurred and is continuing.

4.     Reference to and Effect on the Credit Agreement.

(a)    On and after the effective date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the Credit Agreement as modified by Section 1 above.

(b)    Except as specifically waived or modified above, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed.

(c)    The execution, delivery and effectiveness of this Amendment shall not, unless and except as expressly provided herein, operate as a waiver of any right, power or remedy of the Administrative Agent, the European Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. .

5.     Costs and Expenses; Amendment Fee.

(a)Each Borrower agrees to pay all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with the syndication and distribution (including, without limitation, via the internet or through a service such as Intralinks) of the credit facilities provided for herein and in the Credit Agreement as amended hereby, and in connection with the preparation, arrangement, execution and enforcement of this Amendment and all other instruments, agreements and other documents executed in connection herewith.

(a)The U.S. Borrower agrees to pay, on the date hereof, to JPMorgan Chase for the benefit of the Consenting Lenders (including JPMorgan Chase in its capacity as a Lender) having Revolving Commitments on the date hereof, an amendment fee (the “Amendment Fee”) equal to 0.10% of the aggregate principal amount of the Revolving Commitments on the date hereof, based on Revolving Commitment level, and payable based on the Revolving Commitment Schedule in effect on the date hereof.

6.     Governing Law. ANY DISPUTE BETWEEN ANY LOAN PARTY AND ANY OTHER PARTY HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH, THIS AMENDMENT, THE CREDIT AGREEMENT OR ANY OF THE OTHER LOAN

4

DOCUMENTS, AND WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

7.     Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

8.     Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Amendment by signing any such counterpart. A facsimile signature page hereto sent to the Administrative Agent or the Administrative Agent’s counsel shall be effective as a counterpart signature provided each party executing such a facsimile counterpart agrees, if requested, to deliver originals thereof to the Administrative Agent.

9.     No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Amendment, the Credit Agreement and the other Loan Documents. In the event an ambiguity or question of intent or interpretation arises, this Amendment, the Credit Agreement and the other Loan Documents shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Amendment, the Credit Agreement or any of the other Loan Documents.

10.    Amendment Constitutes Loan Document. This Amendment shall constitute a “Loan Document” for purposes of the Credit Agreement and the other Loan Documents.

11.    Reaffirmation of Liens and Guaranties.

(a)    Acknowledgment. Each Loan Guarantor hereby (i) acknowledges receipt of a copy this Amendment and (ii) consents to the amendment of the Credit Agreement effected hereby. Each Loan Guarantor acknowledges and agrees that any of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of the Amendment.

(b)    Reaffirmation of Liens. Each of the Loan Parties hereby ratifies, confirms and reaffirms the grant by it of the Liens and security interests in Collateral in which it has rights pursuant to the terms of, and its obligations and agreements under, the Collateral Documents, confirms that this Amendment does not constitute a novation, payment and reborrowing or termination of the Secured Obligations under the Credit Agreement and the other Loan Documents as in effect prior to the date hereof and confirms that all such Collateral will continue to secure the payment and performance of all Secured Obligations purported to be secured thereby (including any amount payable under the Credit Agreement as amended by this Amendment).

(c)    Reaffirmation of Guaranties. Without limiting or qualifying the foregoing, each of the Loan Guarantors hereby ratifies, confirms and reaffirms its obligations and agreements under Article X of the Credit Agreement and each other Loan Guaranty.

[The remainder of this page is intentionally blank]

5

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above written.

GENERAL CABLE INDUSTRIES, INC., as the U.S. Borrower
By	/s/ Brian J. Robinson
	Name:	Brian J. Robinson
	Title:	Executive Vice President
GENERAL CABLE COMPANY LTD., as the Canadian Borrower
By	/s/ Brian J. Robinson
	Name:	Brian J. Robinson
	Title:	Executive Vice President

[signature page to Amendment No. 4]

SILEC CABLE SAS, as the French Borrower
By	/s/ Robert Kenny
	Name:	Robert Kenny
	Title:	Chief Executive Officer
NORDDEUTSCHE SEEKABELWERKE GMBH, as the German Borrower
By	/s/ Dr. Gunther Schoffner
	Name:	Dr. Gunther Schoffner
	Title:	Chief Executive Officer
GRUPO GENERAL CABLE SISTEMAS, S.L., as a Spanish Borrower
By	/s/ Robert Kenny
	Name:	Robert Kenny
	Title:	Chief Executive Officer
By	/s/ Bradley Fry
	Name:	Bradley Fry
	Title:	Chief Financial Officer
ECN CABLE GROUP, S.L., as a Spanish Borrower
By	/s/ Robert Kenny
	Name:	Robert Kenny
	Title:	Chief Executive Officer
By	/s/ Bradley Fry
	Name:	Bradley Fry
	Title:	Chief Financial Officer

[signature page to Amendment No. 4]

JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent
By	/s/ Mac A. Banas
	Name:	Mac A. Banas
	Title:	Authorized Officer
J.P. MORGAN EUROPE LIMITED, as European Administrative Agent and European Issuing Bank
By	/s/ Tim Jacob
	Name:	Tim Jacob
	Title:	Senior Vice President
JPMORGAN CHASE BANK, N.A. TORONTO BRANCH
By	/s/ Auggie Marchetti
	Name:	Auggie Marchetti
	Title:	Authorized Officer

[signature page to Amendment No. 4]

BANK OF AMERICA, N.A.
By	/s/ Monirah J. Masud
	Name:	Monirah J. Masud
	Title:	Senior Vice President
Bank of America, N.A. acting through its Canada Branch
By	/s/ Sylwia Durkiewicz
	Name:	Sylwia Durkiewicz
	Title:	Vice President
Bank of America Merrill Lynch International Limited
By	/s/ Polly Hackett
	Name:	Polly Hackett
	Title:	Assistant Vice President
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
By	/s/ Blake Wright
	Name:	Blake Wright
	Title:	Managing Director
By	/s/ James Austin
	Name:	James Austin
	Title:	Vice President
WELLS FARGO BANK, NA
By	/s/ Kevin S. Fong
	Name:	Kevin S. Fong
	Title:	Authorized Signatory

WELLS FARGO CAPITAL FINANCE CORPORATION CANADA
By	/s/ David G. Phillips
	Name:	David G. Phillips

[signature page to Amendment No. 4]

	Title:	Senior Vice President
		Credit Officer, Canada
		Wells Fargo Capital Finance
		Corporation Canada
WELLS FARGO BANK INTERNATIONAL
By	/s/ Andrew Kyle
	Name:	Andrew Kyle
	Title:	Chief Financial Officer
		Wells Fargo Bank International
By	/s/ Ethna Masterson
	Name:	Ethna Masterson
	Title:	Chief Risk Officer
		Wells Fargo Bank International
KEYBANK NATIONAL ASSOCIATION
By	/s/ Rufus S. Dowe, III
	Name:	Rufus S. Dowe, III
	Title:	Vice President
DEUTSCHE BANK AG, NEW YORK BRANCH
By	/s/ Michael Shannon
	Name:	Michael Shannon
	Title:	Vice President
By	/s/ Lisa Wong
	Name:	Lisa Wong
	Title:	Vice President
Address:
Deutsche Bank AG New York
60 Wall Street
New York, NY 10005-2836

[signature page to Amendment No. 4]

DEUTSCHE BANK AG, LONDON BRANCH
By	/s/ Marcus M. Tarkington
	Name:	Marcus M. Tarkington
	Title:	Director
By	/s/ Anca Trifan
	Name:	Anca Trifan
	Title:	Managing Director
PNC Bank, National Association
By	/s/ Jeffrey P. Fisher
	Name:	Jeffrey P. Fisher
	Title:	Vice President
PNC BANK CANADA BRANCH
By	/s/ Caroline Stade
	Name:	Caroline Stade
	Title:	Senior Vice President
CITIZENS BUSINESS CAPITAL, a Division of CITIZENS ASSET FINANCE, INC., f/k/a RBS ASSET FINANCE, INC.
By	/s/ David Slattery
	Name:	David Slattery
	Title:	Vice President
STANDARD CHARTERED BANK
By	/s/ David J. Foster
	Name:	David J. Foster
	Title:	Director
By	/s/ Hsing H. Huang
	Name:	Hsing H. Huang
	Title:	Associate Director
		Standard Chartered Bank NY

[signature page to Amendment No. 4]

HSBC Bank USA, NA
By	/s/ Joseph D. Donovan
	Name:	Joseph D. Donovan
	Title:	Vice President
Branch Banking and Trust Company, a North Carolina Banking Corporation
By	/s/ Greg R. Branstetter
	Name:	Greg R. Branstetter
	Title:	Senior Vice President
The Huntington National Bank
By	/s/ John D. Whetstone
	Name:	John D. Whetstone
	Title:	Vice President
FIFTH THIRD BANK
By	/s/ Megan S. Szewc
	Name:	Megan S. Szewc
	Title:	Vice President
Fifth Third Bank, operating through its Canadian Branch
By	/s/ Mauro Spagnolo
	Name:	Mauro Spagnolo
	Title:	Principal Officer
Compass Bank
By	/s/ Michael Sheff
	Name:	Michael Sheff
	Title:	Senior Vice President

[signature page to Amendment No. 4]

Bank of Montreal-Chicago Branch
By	/s/ Kara Goodwin
	Name:	Kara Goodwin
	Title:	Director
Bank of Montreal
By	/s/ Sean P. Gallaway
	Name:	Sean P. Gallaway
	Title:	Vice President
SUNTRUST BANK
By	/s/ Sandra M. Salazar
	Name:	Sandra M. Salazar
	Title:	Vice President
RB International Finance USA LLC
By	/s/ Christoph Hoedl
	Name:	Christoph Hoedl
	Title:	First Vice President
By	/s/ Steven VanSteenbergen
	Name:	Steven VanSteenbergen
	Title:	Vice President
RAIFFEISEN BANK INTERNATIONAL AG
By	/s/ Martina Soudek
	Name:	Martina Soudek
	Title:	Director
By	/s/ A. Wallner
	Name:	A. Wallner
	Title:

[signature page to Amendment No. 4]

Capital One Business Credit Corp.
By	/s/ Ron Walker
	Name:	Ron Walker
	Title:	Senior Vice President
GOLDMAN SACHS BANK USA
By	/s/ Michelle Latzoni
	Name:	Michelle Latzoni
	Title:	Authorized Signatory
GOLDMAN SACHS LENDING PARTNERS LLC
By	/s/ Michelle Latzoni
	Name:	Michelle Latzoni
	Title:	Authorized Signatory
GOLDMAN SACHS INTERNATIONAL BANK
By	/s/ George Kevin
	Name:	George Kevin
	Title:	Authorized Signatory
BARCLAYS BANK PLC
By	/s/ Marguerite Sutton
	Name:	Marguerite Sutton
	Title:	Vice President
AMALGAMATED BANK
By	/s/ Michael LaManes
	Name:	Michael LaManes
	Title:	First Vice President

[signature page to Amendment No. 4]

FirstMerit Bank N.A.
By	/s/ John Zimbo
	Name:	John Zimbo
	Title:	Vice President
Morgan Stanley Bank N.A.
By	/s/ Christopher Winthrop
	Name:	Christopher Winthrop
	Title:	Vice President

[signature page to Amendment No. 4]

EX-10.26

GENERAL CABLE CORPORATION

2014 EXECUTIVE OFFICER

SEVERANCE BENEFIT PLAN

Effective August 1, 2014

1. PURPOSE AND TERM.

1.1Purpose of the Plan. The purpose of this plan is to set forth the terms and provisions of the General Cable 2014 Executive Officer Severance Benefit Plan (“Plan”), which is being adopted by GK Technologies, Incorporated (“Company”) for the benefit of a select group of senior executives of General Cable Corporation (“GCC”) and its adopting Affiliates (as defined below) in the event that such employees are subject to certain employment terminations; additional benefits will be provided if such terminations occur within a specified period following a Change in Control (as defined below). It is intended that this Plan shall at all times be maintained on an unfunded basis for federal income tax purposes under the Code, be administered as a “top-hat” plan for a select group of management or highly compensated employees, to the extent applicable, and be exempt from the substantive requirements of the Employee Retirement Income Security Act of 1974, as amended.

1.2Term of the Plan. The effective date of this Plan is August 1, 2014 (“the “Effective Date”). The Plan shall continue until terminated pursuant to Section 11 of the Plan.

2. COVERED EMPLOYEES.

2.1Definition of an Eligible Employee. An employee who is employed by GCC or any Affiliate which has adopted this Plan pursuant to Section 12 hereof (an “Employer”) shall be eligible for coverage under this Plan if:

(a)He holds a position of Executive Vice President or above or he holds the position of Chief Financial Officer, General Counsel, Chief Human Resources Officer or Chief Compliance Officer;

(b)Except with respect to the Chief Human Resources Officer, he was hired, or first promoted, into a position described in subsection (a) on or after August 1, 2014; and

(c)He is not ineligible under Section 2.2 of this Plan.

An employee who meets the foregoing requirements is as an “Eligible Employee.” In the event of a Change in Control, employees who were Eligible Employees immediately before the date of the Change in Control shall continue to be Eligible Employees.

2.2Disqualifications to Eligibility. An employee of an Employer is not an Eligible Employee if:

(a)he is eligible to participate in the General Cable Executive Officer Severance Plan;

(b)he has waived coverage under this Plan;

(c)he is covered by an employment, severance or separation agreement or other arrangement with an Employer under which he is entitled to severance pay or salary continuation upon or after termination of employment; or

(d)he is covered by an employment, severance or separation agreement or other arrangement with an Employer which states that he is not to receive benefits under this Plan.

3. QUALIFICATION FOR SEVERANCE BENEFITS.

3.1Involuntary Termination without Change in Control. In the event that the employment of an Eligible Employee is involuntarily terminated by an Employer for any reason other than (i) death, (ii) Disability, (iii) Cause, (iv) termination upon or within 24 months after a Change in Control for the Chief Executive Officer (as defined in Section 15), or (v) termination upon or within 18 months after a Change in Control for all other Eligible Employees, subject to the requirements of Section 3.3, his Employer shall be obligated to provide the severance benefits set forth in Section 5.1 of this Plan.

3.2Termination in Connection with a Change in Control.

(a)In the event that the employment of an Eligible Employee is involuntarily terminated by an Employer (i) upon or within 24 months after a Change in Control for the Chief Executive Officer or (iii) upon or within 18 months after a Change in Control for all other Eligible Employees, for any reason other than death, Disability or Cause, subject to the requirements of Section 3.3, the Employer shall be obligated to provide the severance benefits set forth in Section 5.2 of this Plan.

(b)In the event that an Eligible Employee gives notice to his Employer of the existence of a condition that constitutes Good Reason (as defined below) (i) upon or during the 24 month period following a Change in Control for the Chief Executive Officer or upon or during the 18 month period following a Change in Control for all other Eligible Employees, and

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(ii) within a period not to exceed 90 days of the initial existence of the condition, and the Employer does not remedy the condition within 45 days of the receipt of that notice, the Eligible Employee may voluntarily terminate his employment with the Employer for Good Reason and, subject to the requirements of Section 3.3, the Employer shall be obligated to provide the severance benefits set forth in Section 5.2 of this Plan.

3.3Severance Benefits’ Conditions.

(a)As a condition of receiving benefits under this Plan, an Eligible Employee may be required to execute a separation and release agreement (in such form as the Company shall require) in which, among other things, he will (i) acknowledge that the severance benefit he is receiving hereunder represents the full amount payable to him under this Plan, (ii) agree that he has no claim for any other amounts on account of his employment or his termination of employment (other than benefits payable under the terms of any other benefit plans of an Employer) or waive his rights to such other amounts, (iii) give a complete release to the Company and all of its Affiliates, and (iv) in any appropriate case, agree that he will not provide services to or be associated with a competitor of an Employer, solicit customers, employees or consultants of an Employer, disparage the Company or an Employer, or disclose confidential or proprietary information. Any request for a waiver of or modification to any of the covenants of subparagraph (iv) by an Eligible Employee must be presented to and may only be granted by GCC’s Board of Directors. Notwithstanding any provision in this Plan to the contrary, if any such required separation and release agreement is not signed by the terminated employee within such time as required by the Employer, severance benefits under this Plan will be limited to two weeks of base pay, which shall be paid on the Eligible Employee’s next scheduled payday following the expiration of such time period.

(b)An Eligible Employee will not be considered to be involuntarily terminated so as to be entitled to any severance benefits under this Plan, if as a result of or in connection with his termination:

(i)he is either transferred to, assumes or is offered a job or position with an Employer or with an Affiliate of an Employer;

(ii)he is either transferred to, assumes or is offered a job or position with (A) any successor or assign of an Employer, including but not limited to a purchaser or transferee of the stock or substantially all the assets of an Employer or a business unit of an Employer, or (B) an Affiliate of any such entity described in (A);

(iii)his employment is terminated, but thereafter (and prior to the full payment of severance benefits hereunder), he receives an offer of reemployment or other

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position with either an Employer, any successor or assign or any Affiliate of an Employer or any successor or assign of such an Affiliate (whether or not he accepts such offer); or

(iv)his termination is due to his voluntary termination or resignation, including retirement, failure to return from leave of absence, Disability, or death.

(c)In no event shall a termination of employment with regard to an Eligible Employee occur unless the facts and circumstances indicate that no further services will be performed by the Eligible Employee for an Employer or any Affiliate after the date that is intended to constitute his last day of employment.

(d)An Eligible Employee who does not remain in his position with the Employer until the termination date (if any) as set by the Employer and who is not otherwise legally absent from that position will not be eligible for severance benefits under this Plan.

(e)The plan administrator shall determine in all cases whether a termination of employment has occurred and whether an Eligible Employee is entitled to benefits under this Plan. Subject to applicable law, the decisions of the plan administrator shall be binding on all Eligible Employees and other interested parties.

(f)Notwithstanding anything herein to the contrary, an Eligible Employee will not be entitled to severance benefits if his employment is terminated for Cause, as determined by the plan administrator.

(g)The Company also retains the right to condition payment of severance benefits upon the faithful performance by the Eligible Employee of any remaining obligations that he may owe to the Company or an Employer including, but not limited to, reimbursement to an Employer for cash advances and debit balances, the completion and return to the Employer of forms or agreements routinely used by the Employer in connection with the hiring and/or the employment of employees, and the return of all Employer property, such as vehicles, identification cards, credit cards, computers or other electronic equipment or items on which recorded data are stored and keys. Principal and interest charges on any unpaid debt to an Employer may be deducted from any severance pay allowances.

4. CALCULATION OF SEVERANCE PAY.

4.1Calculation Rules. The amount of severance pay payable to an Eligible Employee shall be subject to the following rules:

(a)Any severance pay to which an Eligible Employee may be entitled shall be reduced by any amounts to which he may be entitled under the Worker Adjustment and Retraining Notification Act or any other similar federal or state laws.

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(b)Notwithstanding anything herein to the contrary, the Company retains the right to deviate in any reasonable manner from the formula set forth in Section 5 of this Plan, including the right to determine that there shall be no severance pay, either in an individual case or for a group, for good cause; provided, however, that there shall be no such deviation for any individual or group if such deviation would constitute a violation of the Age Discrimination in Employment Act of 1967, as amended, or other applicable law.

5. SEVERANCE BENEFITS AVAILABLE.

5.1Involuntary Termination without Change in Control Severance Benefits.

(a)Severance Pay. If an Eligible Employee is involuntarily terminated and satisfies the conditions to receive severance benefits under Section 3.1 of this Plan, the amount of his severance pay shall be as follows:

Chief Executive Officer	2 Years of Base Pay
All other Eligible Employees	1.5 Years of Base Pay

(b)Bonus. An Eligible Employee shall be entitled to receive 24 months of his Target Bonus for the Chief Executive Officer, or 18 months of his Target Bonus for other Eligible Employees, in the form of a single lump sum payment. The Employer shall pay such amount no later than March 15th following the end of the calendar year in which the termination date occurred. All Eligible Employees shall also receive their bonus for the year of termination, based on relevant company performance for the year in which the termination date occurs, prorated for service through the termination date.

(c)Welfare Plan Participation. Subject to the requirements of this paragraph, an Eligible Employee shall be entitled to remain a participant in or, if not eligible to remain a participant, to receive the premium or premium equivalent costs for the Employer’s health plans and life insurance plans in which he was a participant on the date of his termination of employment (or subsequent similar plans) on the same terms and conditions as are applicable to similarly situated active employees until, with regard to any such plan, the occurrence of the earlier of (1) the expiration of 24 months for the Chief Executive Officer, or 18 months for other Eligible Employees, following such termination of employment or (2) the date that he becomes covered by a comparable benefit plan. An Eligible Employee shall comply with any and all requests for information, including with regard to his status of coverage under any plan, that the plan administrator may make in order to determine the Eligible Employee’s eligibility for the benefits under this Plan. The premium or premium equivalent costs for the Employer’s health plans and life insurance plans shall be determined as of the termination date and shall be based on the COBRA rate for health coverage and the Employer’s cost for life insurance coverage, in each case net of the employee cost share applicable to similarly situated active employees.

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(d)Outplacement. The Eligible Employee shall be entitled to receive outplacement assistance in an amount not to exceed $50,000 in the case of the Chief Executive Officer, and $25,000 for other Eligible Employees, provided that no expenses incurred after the last day of the second taxable year of the Eligible Employee following the taxable year in which the termination of employment occurred will be covered, and the assistance must be paid no later than the end of the third taxable year of the Eligible Employee following the taxable year in which the termination of employment occurred.

5.2Involuntary Termination (including Good Reason) Change in Control Severance Benefits.

(a)Change in Control Severance Pay. If an Eligible Employee is involuntarily terminated and satisfies the conditions to receive severance benefits under Section 3.2 of this Plan, the amount of his severance pay shall be as follows:

Chief Executive Officer	3 Years of Base Pay
All Other Eligible Employees	2 Years of Base Pay

(b)Bonus. An Eligible Employee shall be entitled to receive three years of his Target Bonus for the Chief Executive Officer, or two years of his Target Bonus for other Eligible Employees, in the form of a single lump sum payment. Such amount shall be paid no later than March 15 following the end of the calendar year in which the termination date occurred. All Eligible Employees shall also receive their bonus for the year of termination, based on relevant company performance for the year in which the termination date occurs, prorated for service through the termination date.

(c)Welfare Plan Participation. Subject to the requirements of this paragraph, an Eligible Employee shall be entitled to remain a participant in or, if not eligible to remain a participant, to receive the premium or premium equivalent costs for the Employer’s health plans and life insurance plans in which he was a participant on the date of his termination of employment (or subsequent similar plans) on the same terms and conditions as are applicable to similarly situated active employees until, with regard to any such plan, the occurrence of the earlier of (1) the expiration of three years for the Chief Executive Officer, or two years for other Eligible Employees, following such termination of employment or (2) the date that he becomes covered by a comparable benefit plan. An Eligible Employee shall comply with any and all requests for information, including with regard to his status of coverage under any plan, that the plan administrator may make in order to determine the Eligible Employee’s eligibility for the benefits under this Plan. The premium or premium equivalent costs for the Employer’s health plans and life insurance plans shall be determined as of the termination date and shall be based

6

on the COBRA rate for health coverage and the Employer’s cost for life insurance coverage, in each case net of the employee cost share applicable to similarly situated active employees.

(d)Outplacement. The Eligible Employee shall be entitled to receive outplacement assistance in an amount not to exceed $50,000 in the case of the Chief Executive Officer, and $25,000 for other Eligible Employees, provided that no expenses incurred after the last day of the second taxable year of the Eligible Employee following the taxable year in which the termination of employment occurred will be covered, and the assistance must be paid no later than the end of the third taxable year of the Eligible Employee following the taxable year in which the termination of employment occurred.

(e)Equity Vesting. Eligible Employees upon termination shall immediately vest in all unvested options and stock awards received pursuant to the GCC 1997 and 2000 Stock Incentive Plans, with all such options exercisable until the expiration stated in the applicable Plan.

(f)Reduction of Payments. In the event that an Eligible Employee becomes entitled to payments under Sections 5.2(a)-(e) above, if any portion of such severance payments, either alone or together with other payments or benefits, either cash or non-cash, that the Eligible Employee has the right to receive from an Employer, including, but not limited to, accelerated vesting or payment of any deferred compensation, options, stock appreciation rights or any benefits payable to the Eligible Employee under any plan for the benefit of employees, would constitute an “excess parachute payment” (as defined in Section 280G of the Code), then such severance payment or other benefits under this Agreement (the “Payments”) shall be reduced to the largest amount that will not result in receipt by the Eligible Employee of a parachute payment under Section 280G, if reducing the Payments under this Agreement will provide the Eligible Employee with a greater net after-tax amount than would be the case if no reduction was made. The Payments shall be reduced as described in the preceding sentence only if (A) the net amount of the Payments, as so reduced (and after subtracting the net amount of federal, state and local income and payroll taxes on the reduced Payments), is greater than or equal to (B) the net amount of the Payments without such reduction (but after subtracting the net amount of federal, state and local income and payroll taxes on the Payments and the amount of Excise Tax (as defined below) to which the Eligible Employee would be subject with respect to the unreduced Payments. Only amounts payable under this Agreement shall be reduced pursuant to this subsection (f). The term “Excise Tax” means the excise tax imposed under section 4999 of the Code, together with any interest or penalties imposed with respect to such excise tax. All determinations to be made under this subsection (f) shall be made by an independent registered public accounting firm or consulting firm selected by the Company immediately prior to the Change in Control, and shall be made at the sole expense of the Company.

6. PAYMENT OF SEVERANCE PAY.

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6.1Number of Payments. The Eligible Employee’s Employer shall pay the severance pay payable under Section 5.1(a) or Section 5.2(a), as applicable, in equal installments based on the number of regularly scheduled payroll periods (applicable to similarly situated active executives) during the Severance Period. “Severance Period” means the applicable period of time set forth in Section 5.1(a) or 5.2(a), as applicable. The Employer shall pay the prorated bonus for the year of termination on the date on which bonuses are paid to other employees of the Employer under the applicable annual bonus plan; provided that the Employer may pay amounts other than 409A Amounts (defined below) on an earlier date in the sole discretion of the plan administrator. The Employer shall pay any monthly amounts attributable to health and life insurance premiums as described in Section 5.1(c) or Section 5.2(c), as applicable, on the first payroll date of each month during the Severance Period.

6.2Initiation of Payments. The installment payments under Section 5.1 or 5.2, as applicable, shall commence within 45 days after the Eligible Employee’s termination of employment with the Company and shall correspond to regularly scheduled payroll dates. The first payment shall include any unpaid severance payments for the period from the termination date through the first payment date. The payment of one or more installments, other than installments representing 409A Amounts, may be accelerated in the sole discretion of the plan administrator. Any payment shall be net of any required withholding or other employment taxes. All payments are subject to the Eligible Employee’s executing, and not revoking, any required separation and release agreement as described in Section 3.3.

6.3Death of Eligible Employee. If an Eligible Employee dies prior to the payment of all severance benefits under this Plan, the remainder shall be paid to his estate in accordance with the provisions of this Plan.

7. CODE SECTION 409A COMPLIANCE.

7.1General Rules. Each installment of severance pay and each other separately identified amount under this Plan shall constitute a separate payment for purposes of Treasury Regulation § 1.409A-2(b). Each payment that is made within the terms of the “short-term deferral” rule set forth in Treasury Regulation § 1.409A-1(b)(4) is intended to meet the “short-term deferral” rule. Each other payment is intended to be a payment upon an involuntary termination from service and payable pursuant to Treasury Regulation § 1.409A-1(b)(9)(iii), to the maximum extent permitted by that regulation, with any excess amount and any other benefit under this Plan that is subject to the requirements of Code Section 409A (“409A Amount”) being regarded as subject to the distribution requirements of Code Section 409A(a)(2)(A), including, without limitation, the requirement of Code Section 409A (2)(B)(i) that payment be delayed until the date that is six months after separation from service if the Eligible Employee is a “specified employee,” as defined in Code Section 409A, at the time of such separation from service. All

8

409A Amounts to be paid upon a termination of employment under this Agreement may only be made upon a “separation from service” under section 409A. In no event may an Eligible Employee, directly or indirectly, designate the calendar year of payment of a 409A Amount. Notwithstanding any provision of this Agreement to the contrary, in no event shall the timing of an Eligible Employee’s execution of a release, directly or indirectly, result in the Eligible Employee designating the calendar year of payment of a 409A Amount, and if payment of a 409A Amount that is subject to execution of a release could be made in more than one taxable year, based on timing of the execution of the release, payment shall be made in the later taxable year.

7.2Reimbursements and In-Kind Benefits. Any severance benefit under this Plan to which Section 409A applies that constitutes a reimbursement or in-kind benefit shall be subject to the following, as required by the Treasury regulations under Section 409A: (a) the amount of expenses eligible for reimbursement or in-kind benefits provided during an Eligible Employee’s taxable year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided in any other taxable year; (b) the reimbursement of an eligible expense shall be made on or before the last day of the Eligible Employee’s taxable year following the taxable year in which the expense was incurred; and (c) the right to reimbursement or in-kind benefit shall not be subject to liquidation or exchange for another benefit.

8. ADMINISTRATION.

The Company shall be responsible for the administration of this Plan and shall serve as plan administrator. The Company may appoint or employ such persons as it deems necessary to render advice with respect to any responsibility of the Company under this Plan. The Company shall have the discretionary authority to decide all questions concerning the eligibility of any person to participate in this Plan, the right to and amount of any benefit payable under this Plan to any individual and the date on which any individual ceases to be a Plan participant. The Company may allocate to any one or more of its employees any responsibility it may have under this Plan. Any such person who receives full-time pay from the Company or any Affiliate shall receive no compensation from this Plan for his services in such capacity (other than expense reimbursements). Any such person shall not have any fiduciary responsibilities under this Plan. As plan administrator, the Company shall maintain records of this Plan’s administration and shall be responsible for the handling, processing and payment of any claims for benefits under this Plan.

9. CLAIMS PROCEDURE.

9.1Notification of Benefit Determination and Initiation of Claims.

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(a)The Company shall notify each Eligible Employee who the Company determines is entitled to benefits under this Plan of his entitlement to receive such benefits and shall provide any forms required in connection with the application for such benefits.

(b)If any such Eligible Employee disagrees with the determination of his benefits, he may submit a written statement describing the basis of his claim for benefits, together with any forms required in connection with the application for such benefits.

(c)Any Eligible Employee who is not so notified but believes that he is entitled to benefits under this Plan may submit a written statement describing the basis of his claim for benefits and requesting any forms required in connection with the application for such benefits.

(d)Each Eligible Employee claiming a benefit under this Plan must complete and file with the Company any required application forms.

9.2Claim Denial. If the claim of an Eligible Employee is wholly or partially denied after he has completed the required documents as described above, he shall be notified by registered mail within 90 days after the written claims statement is submitted, or within 90 days after any required application forms are filed, if later (except that in special circumstances the Company may take an additional 90 days to consider its decision, in which case the Eligible Employee will be notified of the extension). Such notification shall set forth:

(a)the specific reasons for the denial (including reference to any pertinent Plan provisions on which the denial is based);

(b)if applicable, a description of any additional material or information necessary for the claimant to perfect the claim, and an explanation of why such material or information is necessary; and,

(c)the claims review procedure and the time limits applicable to such procedures, including a statement of the right to institute an arbitration proceeding under Section 13.9.

9.3Review of Claim Denials.

(a)The Company will review such claim denials. Any Eligible Employee who has filed a claim for benefits may make a written request to the Company, within 60 days after denial of his claim, for a review of such claim. Any such request may include a statement by the Eligible Employee of any relevant issues and comments and may include a request for an opportunity to review this Plan and any other pertinent documents (which will be made available to him within 30 days after such request is received at a convenient location during business hours).

10

(b)The Eligible Employee claiming benefits shall be notified of the final decision of the Company within 60 days after his request for a review is received. However, if the Company finds it necessary due to special circumstances (such as, for example, the need to hold a hearing), to extend this period and so notifies the claimant in writing, the decision shall be rendered as soon as practicable, but in no event later than 120 days after the claimant’s request for review. The decision shall be in writing and shall set forth the specific reasons for the denial (including reference to any pertinent Plan provisions on which the denial is based). Such decision shall be final and conclusive on all persons claiming benefits under this Plan, subject to applicable law.

10. FUNDING.

This Plan shall not be funded through a trust, an insurance contact or otherwise, and all benefit payments from this Plan shall be made from the general assets of an Employer or the Company. Accordingly, an Eligible Employee shall not have any claim against specific assets of an Employer or the Company and shall be only a general creditor with respect to any rights he may have under this Plan.

11. AMENDMENT AND TERMINATION.

This Plan may be amended or terminated, in whole or in part, at any time by a written instrument signed by the President of the Company, subject to approval by the Compensation Committee of the Board of Directors of GCC. Any amendment or proposed termination following a Change in Control requires the consent of a majority of the then Eligible Employees. Any such Plan amendment or termination may apply to all employees, or only to designated classes of employees (including former employees). Any provision of this Plan may be modified for any class of employees by any Appendix attached hereto. Upon termination of this Plan, an Employer or the Company shall have no further liability hereunder, and all Plan benefits (except for any amounts payable to employees who separated from service before the date of Plan termination) shall cease.

12. ADOPTION AND WITHDRAWAL BY AFFILIATES.

12.1Adoption by Affiliates. Subject to receiving the approval of the board of directors of the Company (“Company Board”), an Affiliate of the Company may adopt this Plan pursuant to appropriate written resolutions of its board of directors. The effective date of this Plan for any such adopting affiliate shall be that stated in the resolutions, and from and after such effective date, the adopting affiliate shall assume all the rights, obligations, and liabilities under this Plan with respect to its Eligible Employees. The administrative powers and control of the Company, as provided in this Plan, including the sole right to amend, shall not be diminished by reason of participation of any such affiliate in this Plan.

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12.2Special Provisions by Affiliates. With the approval of the Company, an adopting affiliate may elect to have special provisions apply with respect to its Eligible Employees. Such special provisions, which may differ from the provisions of this Plan which are applicable to employees of other affiliates, shall be stated in this Plan text or in an Appendix to this Plan.

12.3Withdrawal. Any Affiliate of the Company participating in this Plan may withdraw from this Plan at any time without affecting other Affiliates of the Company. The Company Board may, in its absolute discretion, terminate an adopting affiliate’s participation at any time.

13. MISCELLANEOUS.

13.1Other Benefits. The payment of severance benefits under this Plan shall not be taken into account to increase any benefits provided (or continue coverage) under any other plan or policy of an Employer or any Affiliate, except as otherwise specifically provided in such other plan or policy.

13.2No Assignments. No benefit payable under this Plan may be assigned, transferred, pledged as a security for indebtedness or otherwise encumbered, or subjected to any legal process for the payment of any claim against an employee.

13.3At-Will Employment. This Plan does not create a contract of employment or give any employee the right to continued employment or change the at-will nature of any employee’s employment with an Employer.

13.4Savings. If any provision of this Plan should be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other provision of this Plan, and this Plan shall be construed and enforced as if such provisions had not been included.

13.5Construction.

(a)Whenever appropriate in this Plan, words used in the singular may be read in the plural; words used in the plural may be read in the singular; and words importing the masculine gender shall be deemed equally to refer to the feminine or be neutral. Any reference to a Section shall refer to a Section of this Plan, unless otherwise indicated.

(b)The headings of sections are included solely for convenience of reference, and if there he any conflict between such headings and the text of this Plan, the text shall control.

13.6Choice of Law. Except to the extent preempted by federal law, this Plan shall be construed, administered and enforced according to the laws of the Commonwealth of Kentucky.

12

13.7Participation in Other Benefit Plans. The payment of severance benefits under this Plan shall not cause any individual to be deemed an employee of the Employer for purposes of participation or accrual of benefits under any other plan or program of employee benefits sponsored by the Employer.

13.8Administrative Compliance with Section 409A. To the extent applicable, this Plan is intended to comply with Code Section 409A and applicable guidance thereunder, and the provisions of this Plan shall be construed in accordance with that intention so as to avoid any adverse tax consequence to an employee. Any provision required for compliance with Code Section 409A that is omitted from this Plan shall be incorporated herein by reference and shall apply retroactively, if necessary, and be deemed a part of this Plan to the same extent as though expressly set forth herein.

13.9Arbitration of Differences Over the Plan. Any controversy, dispute or claim arising out of or relating, in any way, to this Plan or a purported breach of the Plan shall be settled through arbitration proceedings conducted in Cincinnati, Ohio in accordance with the Commercial Arbitration Rules of the American Arbitration Association. The matter shall be heard and decided, and awards rendered by, a panel of three arbitrators. An Employer and the Executive shall each select one arbitrator and the American Arbitration Association shall select the third arbitrator, each of whom shall be on the American Arbitration Association’s national panel of commercial arbitrators. The award rendered by this arbitration panel shall be final and binding as between the parties hereto and their heirs, executors, administrators, successors and assigns, and judgment on the award may be entered by any court having jurisdiction. The Executive’s Employer shall pay all arbitration fees, including those of the arbitrators, unless the panel makes a factual finding or conclusion that the Executive’s claim in the matter was frivolous. Likewise, the Executive’s Employer shall pay his legal fees in all disputes, other than those deemed frivolous. The Executive shall be responsible for all of his fees and costs along with 50% of all arbitration fees in any matter the arbitrators find frivolous.

13.10Other Benefits Unaffected. Nothing herein shall alter, in any way, any vested benefits or the terms of any benefit, bonus or stock plan under which an Executive is covered.

13.11Successors. The Company and each Employer which has adopted this Plan shall require that any successor or any acquiring entity assume and honor all terms of this Plan.

14. ADMINISTRATIVE INFORMATION.

14.1Plan Year. Each plan year begins on January 1 and ends on December 31 of the same year. Records concerning this Plan are kept on a plan year basis.

14.2Legal Notices. The person designated to receive any legal notices concerning this Plan is:

13

General Cable Corporation
c/o General Counsel

P.O. Box 601
4 Tesseneer Drive
Highland Heights, KY 41076
(606) 572-8000

15. DEFINITIONS. For purposes of this plan, the following terms are defined as follows:

(a)“Affiliate” means any entity with regard to an Employer or a successor or assign if it is considered to be under common control with an Employer or the purchaser or other transferee for purposes of Section 414(b) or 414(c) of the Code; however, the phrase “more than 50 percent” shall be substituted for “at least 80 percent” in the determination of parent-subsidiary status.

(b)“Base Pay” means an Eligible Employee’s annual rate of salary at the time of his termination of employment, excluding bonuses, the value of any benefits and other forms of additional compensation.

(c)“Cause” shall include, but is not limited to:

(i)any willful or continuous neglect of or refusal to perform the employee’s duties or responsibilities with respect to an Employer or its Affiliates;

(ii)insubordination, dishonesty, fraud, gross neglect or willful malfeasance by the employee in the performance of such duties and responsibilities;

(iii)the conviction or an entry into a plea of nolo contendere by the Executive with respect to any felony; or

(iv)any serious violation of company rules or regulations.

(d)“Change in Control” means the occurrence of any one or more of the following events:

(i)any person or other entity (other than any of GCC’s subsidiaries or any employee benefit plan sponsored by GCC or any of its subsidiaries) including any person as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), becomes the beneficial owner, as defined in Rule 13d-3 under the Exchange Act, directly or indirectly, of more than 50% of the total combined voting power of all classes of capital stock of GCC normally entitled to vote for the election of directors of GCC (the “Voting Stock”),

(ii)consummation of a sale of all or substantially all of the property or assets of GCC;

14

(iii)consummation of a consolidation or merger of GCC with another corporation (other than with any of GCC’s subsidiaries) which results in the shareholders of GCC immediately before the occurrence of the consolidation or merger owning, in the aggregate, less than 60% of the Voting Stock of the surviving entity; or

(iv)a change in the board of directors of GCC occurs with the result that the members of the board on the effective date of this Plan (the “Incumbent Directors”) no longer constitute a majority of such board of directors, provided that any person becoming a director (other than a director whose initial assumption of office is in connection with an actual or threatened election contest or the settlement thereof, including but not limited to a consent solicitation, relating to the election of directors of GCC) whose election or nomination for election was supported by 2/3 of the then Incumbent Directors shall be considered an Incumbent Director for purposes hereof.

(e)“Chief Executive Officer” means the Chief Executive Officer of GCC.

(f)“Code” means the Internal Revenue Code of 1986, as amended.

(g)“Disability” means the inability to perform the essential function of one’s job with or without accommodations.

(h)“Good Reason” means the occurrence of any of the following upon or during the 24 month period following a Change in Control for the Chief Executive Officer or upon or during the 18 month period following a Change in Control for all other Eligible Employees:

(i)a material diminution of the Eligible Employee’s Base Pay or incentive compensation (excluding any reduction in incentive compensation because incentive plan performance objectives and criteria were not met);

(ii)a material diminution in the Eligible Employee’s authority, duties, or responsibilities; or

(iii)a material change in the geographic location at which the Eligible Employee is required to perform services (for this purpose, a material change is deemed to occur if the Eligible Employee is required to perform his principal executive functions more than 50 miles from his primary office immediately prior to the change).

(i)“Target Bonus” means the higher of an Eligible Employee’s current target or the average of the annual incentive bonuses paid to the particular Eligible Employee in the prior three years.

15

IN WITNESS WHEREOF, the Company has adopted this Plan as of this 19^th day of December, 2014.

GK TECHNOLOGIES, INCORPORATED
By	/s/ Gregory B. Kenny
	Gregory B. Kenny
	Title:	President

16

EX-12.1

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

(in millions)

	Year ended December 31,
	2014			2013			2012			2011			2010
EARNINGS AS DEFINED
Earnings from operations before income taxes and before adjustments for net income attributable to noncontrolling interests and after eliminating undistributed earnings of equity method investees	$	(636.1	)	$	27.0		$	86.9		$	91.4		$	108.1
Preferred stock dividend (pre-tax equivalent)	—			(0.3		)	(0.3		)	(0.3		)	(0.3		)
Fixed charges	127.6			137.0			114.6			104.7			82.1
TOTAL EARNINGS, AS DEFINED	$	(508.5	)	$	163.7		$	201.2		$	195.8		$	189.9
FIXED CHARGES, AS DEFINED
Interest expense	$	112.5		$	121.0		$	103.5		$	94.8		$	73.7
Amortization of capitalized expenses related to debt	3.8			3.9			3.3			4.4			3.3
Preferred stock dividend (pre-tax equivalent)	—			0.3			0.3			0.3			0.3
Interest component of rent expense	11.3			11.8			7.5			5.2			4.8
TOTAL FIXED CHARGES, AS DEFINED	$	127.6		$	137.0		$	114.6		$	104.7		$	82.1
RATIO OF EARNINGS TO FIXED CHARGES	(4.0		)	1.2			1.8			1.9			2.3

EX-21.1

Exhibit 21.1

General Cable Corporation and Subsidiaries
Company	Jurisdiction of Incorporation
ACM Distribucion, S.A. de C.V.	Mexico
Alambres y Cables de Panama, S.A.	Panama
Alcap Comercial, S.A.	Panama
Alcave Trading	Venezuela
Alcave Venezuela C.C.A.	Venezuela
Alcave Venezuela, S.L.	Spain
Cables Electricos Ecuatorianos C.A.	Ecuador
Cahosa, S.A.	Panama
Cobre Cerrillos, S.A.	Chile
Cobre Colada Continua, C.A.	Venezuela
Cocesa Ingenieria y Construccion S.A.	Chile
Colada Continua Chilena S.A.	Chile
Conducen Nicaragua y Compania de Responsabilidad Limitada	Nicaragua
Conducen Phelps Dodge Central Americas - El Salvador, S.A. de C.V.	El Salvador
Conducen, SRL	Costa Rica
Diversified Contractors, Inc.	USA (Delaware)
Dominion Wire and Cables Ltd.	Fiji
Dongguan Keystone Electric Wire & Cable Co, Ltd.	China
E.C.N. Cable Group, S.L.	Spain
Electroconductores de Honduras, S.A. de C.V.	Honduras
Entreprise des Industries du Cable de Biskra SPA	Algeria
EPA Holdings Limited	Hong Kong
GC Global Holdings, Inc.	USA (Delaware)
GC Latin America Holdings, S.L.	Spain
GC Specialty & Automotive	Mauritius
GCNZ India Cable 1 Limited	New Zealand
GCNZ India Cable 2 Limited	New Zealand
General Cable (Jiangyin) Co. Ltd.	China
General Cable Asia Pacific & Middle East Company Limited	Thailand
General Cable Australia Pty. Ltd.	Australia
General Cable Automotiva Brasil Fabricacao de Cabos Eletricos Ltda.	Brazil
General Cable Automotive Europe, SAS	France
General Cable Automotriz, S.A. de C.V.	Mexico
General Cable Botswana (Pty) Ltd.	Botswana
General Cable Canada Holdings LLC	USA (Delaware)
General Cable Caribbean	Dominican Republic
General Cable Celcat, Energia e Telecomunicacoes SA	Portugal
General Cable (China) Company Limited	China
General Cable Company Ltd.	Canada (Nova Scotia)
General Cable Condel, Cabos de Energia e Telecomunicacoes SA	Angola
General Cable Corporation	USA (Delaware)
General Cable de Mexico del Norte, S.A. de C.V.	Mexico
General Cable de Mexico, S.A de C.V.	Mexico
General Cable do Brasil Ltda.	Brazil
General Cable Egypt S.A.E.	Egypt
General Cable Energy India Private Ltd	India
General Cable Finance Co. Limited	England

General Cable Corporation and Subsidiaries
Company	Jurisdiction of Incorporation
General Cable Holdings (Spain) S.L.	Spain
General Cable Holdings (UK) Limited	England
General Cable Holdings Netherlands C.V.	Netherlands
General Cable Holdings New Zealand	New Zealand
General Cable Industries, Inc.	USA (Delaware)
General Cable Industries, LLC	USA (Delaware)
General Cable Investments, SGPS, Sociedade Unipessoal, SA	Madeira
General Cable Italia, Sarl	Italy
General Cable Maroc Sarl	Morocco
General Cable Middle East	Mauritius
General Cable New Zealand Limited	New Zealand
General Cable Nordic A/S	Norway
General Cable Oman, LLC	Oman
General Cable Overseas Holdings, LLC	USA (Delaware)
General Cable Phoenix South Africa Pty. Ltd.	South Africa
General Cable Prescot Property Limited	England
General Cable Projects Limited	England
General Cable Property Holdings Limited	Jersey
General Cable Services Europe Limited	England
General Cable Services Limited	England
General Cable Sistemas S.A.	Spain
General Cable Superconductors Investments Limited	New Zealand
General Cable Superconductors Limited	New Zealand
General Cable Technologies Corporation	USA (Delaware)
General Cable Trading	Mauritius
General Cable Trinidad Limited	Trinidad & Tobago
General Cable UK Pension Trustee Limited	England
GK Technologies, Inc.	USA (New Jersey)
Green Belle Arbor, LLC	USA (Delaware)
Grupo General Cable Sistemas, S.L.	Spain
Keystone Electric Wire & Cable Company Limited	Hong Kong
Metal Fabricators of Zambia PLC	Zambia
National Cables (Pty) Ltd.	South Africa
Norddeutsche Seekabelwerke (Kenya) Limited	Kenya
Norddeutsche Seekabelwerke GmbH	Germany
Nostag GmbH & Co. KG	Germany
NSW Technology Limited	Scotland
Pakistan Cables Limited	Pakistan
PD Wire & Cable Sales Corporation	USA (Delaware)
PDIC Colombia, S.A.	Colombia
PDIC Mexico, S.A. de C.V.	Mexico
PDIC Peru S.A.C.	Peru
PDTL Trading Company Limited	Thailand
Phelps Dodge Africa Cable Corporation	USA (Delaware)
Phelps Dodge Centro America Honduras, S.A. de C.V.	Honduras
Phelps Dodge Centro America, S.A. Nicaragua	Nicaragua
Phelps Dodge Enfield Corporation	USA (Delaware)
Phelps Dodge International (Thailand) Ltd.	Thailand

General Cable Corporation and Subsidiaries
Company	Jurisdiction of Incorporation
Phelps Dodge International Brasil, Ltda.	Brazil
Phelps Dodge International Corporation	USA (Delaware)
Phelps Dodge National Cables Corporation	USA (Delaware)
Phelps Dodge Yantai Cable Company, Ltd.	China
Phelps Dodge Yantai China Holdings, Inc.	Cayman Islands
Prestolite de Mexico, S.A. de C.V.	Mexico
Prestolite Wire (Shanghai) Co. Ltd.	China
Productora de Cables Procables S.A.S. C.I.	Colombia
Proveedora de Cables Y Alambres PDCA Guatemala, S.A.	Guatemala
Racamita Participacoes Ltda.	Brazil
RPG Cables Limited	India
Servicios Latinoamericanos, S.A. de C.V.	Mexico
SILEC Cable, S.A.S.	France
Suazo Participacoes Ltda	Brazil
Thai Copper Rod Company Limited	Thailand
YA Holdings, Ltd.	Cayman Islands
Zamefa Metal Fabricators of South Africa (Pty.) Ltd.	South Africa

EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

General Cable Corporation:

We consent to the incorporation by reference in Registration Statement Nos. 333-28965, 333-31865, 333-31867, 333-31869, 333-51812, 333-51818, 333-51822, 333-58792, 333-59125, 333-125190, 333-152035, 333-152037, and 333-161323 on Form S-8 of our reports dated March 2, 2015, relating to the consolidated financial statements and financial statement schedule of General Cable Corporation and subsidiaries (the “Company”), and the effectiveness of the Company’s internal control over financial reporting, appearing in the Annual Report on Form 10-K of General Cable Corporation and subsidiaries for the year ended December 31, 2014.

/s/ Deloitte & Touche LLP

Cincinnati, Ohio

March 2, 2015

EX-24.1

Exhibit 24.1

GENERAL CABLE CORPORATION

ANNUAL REPORT ON FORM 10-K

Power of Attorney of Directors

The undersigned, a director of General Cable Corporation, a Delaware corporation (the “Company”), which anticipates filing with the Securities and Exchange Commission (the “Commission”) pursuant to the provisions of the Securities Exchange Act of 1934, as amended, an Annual Report on Form 10-K (the “Annual Report”) for the fiscal year ended December 31, 2014 (together with any and all subsequent amendments), does hereby constitute and appoint Gregory B. Kenny and Emerson C. Moser, and each of them, his or her true and lawful attorneys-in-fact, with full power of substitution and resubstitution, to execute and file on behalf of the undersigned, in his or her capacity as a director of the Company, the Annual Report and any and all other documents to be filed with the Commission pertaining to the Annual Report with full power and authority to do and perform any and all acts and things whatsoever required or necessary to be done in the premises, as fully as to all intents and purposes as he or she could do if personally present, hereby ratifying, approving and confirming all that said attorneys-in-fact, or any of them, or their or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof

Executed on this 20^th day of February 2015.

/s/ SALLIE B. BAILEY

Sallie B. Bailey

/s/ GREGORY E. LAWTON

 Gregory E. Lawton

/s/ NED HALL

Ned Hall

/s/ CRAIG P. OMTVEDT

Craig P. Omtvedt

/s/ PATRICK M. PREVOST

Patrick M. Prevost

/s/ JOHN E. WELSH, III

John E. Welsh, III

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Gregory B. Kenny, certify that:

1) I have reviewed this Form 10-K of General Cable Corporation;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 2, 2015

/s/ GREGORY B. KENNY

Gregory B. Kenny

President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Brian J. Robinson, certify that:

1) I have reviewed this Form 10-K of General Cable Corporation;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 2, 2015

/s/ BRIAN J. ROBINSON

Brian J. Robinson

Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

GENERAL CABLE CORPORATION

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. § 1350,

AS ADOPTED UNDER

SECTION 906 OF THE SARBANES-OXLEY ACT OF 202

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 of Chapter 63 of Title 18 of the United States Code), each of the undersigned officers of General Cable Corporation (the “Company”) individually hereby certify with respect to the Annual Report of the Company on Form 10-K for the year ended December 31, 2014 (the "Report") that:

1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	March 2, 2015	/s/ GREGORY B. KENNY
		Gregory B. Kenny
		President and Chief Executive Officer
Date:	March 2, 2015	/s/ BRIAN J. ROBINSON
		Brian J. Robinson
		Executive Vice President and Chief Financial Officer

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 0f Chapter 63 of Title 18 of the United States Code) and is not being filed as part of the Report or as a separate disclosure document.

XML

Property, Plant And Equipment (Tables)

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant And Equipment

Property, plant and equipment consisted of the following (in millions):

	Dec 31, 2014			Dec 31, 2013
Land	$	73.9		$	120.8
Buildings and leasehold improvements	270.3			372.6
Machinery, equipment and office furnishings	905.1			1,290.6
Construction in progress	36.6			46.3
Total — gross book value	1,285.9			1,830.3
Less accumulated depreciation	(527.5		)	(738.3		)
Total — net book value	$	758.4		$	1,092.0

XML

Share-Based Compensation (Additional Information Option Outstanding) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding	1,863,800	1,944,100
Weighted Average Exercise Price	$ 33.12	$ 33.18
Weighted Average Remaining Contractual Life	4 years 8 months 1 day	6 years 1 month 0 days
Options Exercisable	1,580,100
Weighted Average Exercise Price	$ 32.89
$0 - $14 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding	61,100
Weighted Average Exercise Price	$ 11.95
Weighted Average Remaining Contractual Life	0 years 1 month 6 days
Options Exercisable	61,100
Weighted Average Exercise Price	$ 11.95
Range of Option Prices, Lower Range Limit	$ 0
Range of Option Prices, Upper Range Limit	$ 14
$14 - $28 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding	742,900
Weighted Average Exercise Price	$ 21.79
Weighted Average Remaining Contractual Life	3 years 5 months
Options Exercisable	742,900
Weighted Average Exercise Price	$ 21.79
Range of Option Prices, Lower Range Limit	$ 14
Range of Option Prices, Upper Range Limit	$ 28
$28 - $42 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding	599,000
Weighted Average Exercise Price	$ 33.90
Weighted Average Remaining Contractual Life	7 years 3 months 12 days
Options Exercisable	315,300
Weighted Average Exercise Price	$ 33.47
Range of Option Prices, Lower Range Limit	$ 28
Range of Option Prices, Upper Range Limit	$ 42
$42 - $56 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding	267,700
Weighted Average Exercise Price	$ 45.15
Weighted Average Remaining Contractual Life	4 years 8 months 24 days
Options Exercisable	267,700
Weighted Average Exercise Price	$ 45.15
Range of Option Prices, Lower Range Limit	$ 42
Range of Option Prices, Upper Range Limit	$ 56
$56 - $70 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options Outstanding	193,100
Weighted Average Exercise Price	$ 64.27
Weighted Average Remaining Contractual Life	2 years 11 months
Options Exercisable	193,100
Weighted Average Exercise Price	$ 64.27
Range of Option Prices, Lower Range Limit	$ 56
Range of Option Prices, Upper Range Limit	$ 70

XML

General (Details)	12 Months Ended
	Dec. 31, 2014 Segment Countries Facilities
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of reportable segments	4
Number of manufacturing facilities in which entity operates	48
Number of countries in which entity operates	22

XML

Redeemable Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2014

Noncontrolling Interest [Abstract]

Schedule of Redeemable Noncontrolling Interest

The following is a rollforward of the redeemable noncontrolling interest (in millions):

Balance, December 31, 2012	$	18.6
Foreign currency translation	(1.6		)
Balance, December 31, 2013	$	17.0
Foreign currency translation	(3.2		)
Balance, December 31, 2014	$	13.8

XML

Commitments and Contingencies (Details)	12 Months Ended								0 Months Ended		1 Months Ended	12 Months Ended						0 Months Ended	12 Months Ended
	Dec. 31, 2014 USD ($) Cases Defendants	Dec. 31, 2013 USD ($) Cases	Dec. 31, 2012 USD ($) Cases	Dec. 31, 2014 Asbestos Issue [Member] USD ($) Cases	Dec. 31, 2013 Asbestos Issue [Member] USD ($) Cases	Dec. 31, 2012 Asbestos Issue [Member] USD ($) Cases	Dec. 31, 2014 Monetary Damages [Member] USD ($) Cases	Dec. 31, 2014 Allege Only Damages [Member] USD ($) Cases	Jul. 11, 2014 BRAZIL [Member] USD ($)	Aug. 01, 2012 BRAZIL [Member] Infractions Including Potential Interest and Penalties [Member] USD ($)	Oct. 29, 2014 BRAZIL [Member] Infractions Including Potential Interest and Penalties [Member] USD ($)	Dec. 31, 2014 BRAZIL [Member] Infractions Including Potential Interest and Penalties [Member] USD ($)	Dec. 31, 2014 BRAZIL [Member] Disputed Credits, Including Potential Interest and Penalties [Member] USD ($)	Dec. 31, 2014 BRAZIL [Member] Punitive Damages [Member] USD ($)	Dec. 31, 2014 Parent Company [Member] USD ($) Cases	Dec. 31, 2013 Parent Company [Member] USD ($)	Dec. 31, 2012 Parent Company [Member] USD ($)	Apr. 02, 2014 Silec [Member] EUR (€)	Dec. 31, 2014 Maritime/MARDOC Cases [Member] Cases
Loss Contingencies [Line Items]
Environmental-related accrued liabilities	$ 4,500,000	$ 3,100,000
Number of cases	3,251						278	143							1
Number of new cases				104	133	113
Number of cases dismissed	25,954	65	66	47,887															25,759
Number of defended cases	3,251
Amount per plaintiff								402,000
Pending cases, number	2,679						134												2,679
Damages, value							457,000,000							12,000,000	10,000,000			1,900,000
Number of defendants	50
Punitive damages, value	324,000,000
Accrual related to maritime and non-maritime cases, gross amount	4,700,000	5,200,000
Insurance recoveries related to lawsuits	500,000	500,000
Accrual related to maritime and non-maritime cases, net amount	4,200,000	4,700,000
Settlement costs	9,500,000			600,000	300,000	600,000
Costs of administering and litigating claims	24,700,000			1,800,000	1,700,000	1,700,000
Recovery from third party from theft									5,000,000
Income tax expense	8,300,000	38,800,000	78,600,000							10,000,000		20,000,000	12,000,000		(100,000)	11,500,000	10,900,000
Summons to Recover Contested Incentives											10,000,000
FCPA accrual	24,000,000	0
Other Matters [Abstract]
Minimum rental payments required under non-cancelable lease agreement for year 2015	37,300,000
Minimum rental payments required under non-cancelable lease agreement for year 2016	31,700,000
Minimum rental payments required under non-cancelable lease agreement for year 2017	27,000,000
Minimum rental payments required under non-cancelable lease agreement for year 2018	17,900,000
Minimum rental payments required under non-cancelable lease agreement for year 2019	6,800,000
Minimum rental payments required under non-cancelable lease agreement thereafter	9,400,000
Rent expense	45,300,000	47,000,000	29,800,000
Letters of credit	75,100,000
Performance bonds	190,200,000
Other guarantees	$ 243,100,000

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Property, Plant And Equipment (Schedule Of Property, Plant And Equipment) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Total — gross book value	$ 1,285.9	$ 1,830.3
Less accumulated depreciation	(527.5)	(738.3)
Total — net book value	758.4	1,092.0
Land [Member]
Property, Plant and Equipment [Line Items]
Total — gross book value	73.9	120.8
Buildings and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total — gross book value	270.3	372.6
Machinery, Equipment and Office Furnishings [Member]
Property, Plant and Equipment [Line Items]
Total — gross book value	905.1	1,290.6
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total — gross book value	$ 36.6	$ 46.3

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Fair Value Disclosure (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 5.4	$ 7.2
Equity securities	22.1	22.2
Total Assets	27.5	29.4
Derivative liabilities	8.1	9.3
Total liabilities	8.1	9.3
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Equity securities	22.1	22.2
Total Assets	22.1	22.2
Derivative liabilities	0	0
Total liabilities	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	5.4	7.2
Equity securities	0	0
Total Assets	5.4	7.2
Derivative liabilities	8.1	9.3
Total liabilities	8.1	9.3
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Equity securities	0	0
Total Assets	0	0
Derivative liabilities	0	0
Total liabilities	$ 0	$ 0

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Summary of Significant Accounting Policies (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 28, 2014	Jan. 24, 2014	Feb. 13, 2013	Feb. 12, 2013	Dec. 31, 2011
Debt Instrument [Line Items]
Goodwill impairment charge	$ 155.1	$ 0	$ 0
Charge for the long-term value added tax receivable	10.3
Percentage of weighted average cost inventory	86.00%
Asset impairment charges	158.3	14.0	0
Assets	3,366.7	4,578.9
Liabilities	2,839.7	3,182.1
Property, plant and equipment, net	758.4	1,092.0
Net cash flows of operating activities	133.2	38.2	272.6
Exchange rate, currency translation	6.30				6.30	6.30	4.30	4.30
Settlement for foreign currency translation adjustments payable, pending amount	44.3
Deferred tax (liabilities)	(134.7)	(168.8)
Net current deferred tax asset	24.0
Net long term deferred tax liabilities	(158.7)
Deferred tax assets, valuation allowance	145.4	93.8
Shipping and handling costs	157.2	163.5	150.4
Advertising expense	14.2	13.3	10.7
Intangible asset impairment charges	98.8	0	0
Minimum [Member]
Debt Instrument [Line Items]
Payment period on purchases	30 days
Maximum [Member]
Debt Instrument [Line Items]
Percentage of ownership recorded at cost	20.00%
Payment period on purchases	60 days
July 2014 Restructuring Program [Member]
Debt Instrument [Line Items]
Cost incurred to date	117.5
Restructuring charges	166.3
New Buildings [Member] | Minimum [Member]
Debt Instrument [Line Items]
Useful life	15 years
New Buildings [Member] | Maximum [Member]
Debt Instrument [Line Items]
Useful life	50 years
Machinery, Equipment and Office Furnishings [Member] | Minimum [Member]
Debt Instrument [Line Items]
Useful life	2 years
Machinery, Equipment and Office Furnishings [Member] | Maximum [Member]
Debt Instrument [Line Items]
Useful life	20 years
Automotive [Member] | Minimum [Member]
Debt Instrument [Line Items]
Payment period on purchases	45 days
Automotive [Member] | Maximum [Member]
Debt Instrument [Line Items]
Payment period on purchases	360 days
Copper Rod [Member] | Supplier Concentration Risk [Member]
Debt Instrument [Line Items]
Concentration risk, percentage	70.00%
Aluminum Rod [Member] | Supplier Concentration Risk [Member]
Debt Instrument [Line Items]
Concentration risk, percentage	50.00%
Significant Influence [Member]
Debt Instrument [Line Items]
Minimum percent of ownership to exercise significant influence	20.00%
Maximum percent of ownership to exercise significant influence	50.00%
Allowance for Doubtful Accounts [Member]
Debt Instrument [Line Items]
Bad debt expense associate with uncollectable accounts	9.9	9.4	21.9
PDIC [Member]
Debt Instrument [Line Items]
Goodwill impairment charge	155.1			155.1
Intangible asset impairment charges	93.4			93.4
Assets Held-for-sale [Member]
Debt Instrument [Line Items]
Property, plant and equipment, net	13.1
Venezuela [Member]
Debt Instrument [Line Items]
Inventory, lower of cost or market charges recognized	9.5
Asset impairment charges	29.3
Assets	43.0	367.0
Liabilities	51.0	103.0
Cash and cash equivalents, percent	15.00%	46.00%
Net cash flows of operating activities	26.2	97.4
Deferred tax assets, valuation allowance	10.7
BRAZIL [Member]
Debt Instrument [Line Items]
Asset impairment charges	13.1
Deferred tax assets, valuation allowance	8.4
Mexico [Member]
Debt Instrument [Line Items]
Asset impairment charges	14.0
FIJI [Member]
Debt Instrument [Line Items]
Assets	12.6
Liabilities	1.2
Parent Company [Member]
Debt Instrument [Line Items]
Goodwill impairment charge	0
Assets	1,564.9	2,372.3
Liabilities	1,112.8	1,092.1
Property, plant and equipment, net	0.5	0.6
Net cash flows of operating activities	0.6	56.0	55.6
Intangible asset impairment charges	0
North America [Member]
Debt Instrument [Line Items]
Assets	1,220.3	1,342.0
North America [Member] | July 2014 Restructuring Program [Member]
Debt Instrument [Line Items]
Restructuring charges	6.8
Latin America [Member]
Debt Instrument [Line Items]
Assets	656.6	1,202.8
Latin America [Member] | July 2014 Restructuring Program [Member]
Debt Instrument [Line Items]
Restructuring charges	28.7
Latin America [Member] | PDIC [Member]
Debt Instrument [Line Items]
Goodwill impairment charge	82.9
Intangible asset impairment charges				$ 69.1

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Long-Term Debt (Schedule of Subordinated Convertible Notes) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 15, 2009
Total debt	$ 1,337.4	$ 1,386.9
North America [Member] | Subordinated Convertible Notes Due 2029 [Member]
Face Value	429.5	429.5	162.9
Debt discount	(259.7)	(261.5)	(266.6)
Total debt	169.8	168.0
Fair value (Level 1)	$ 313.1	$ 462.8
Maturity Date	November 2029	November 2029
Interest Payment	Semi-annually: May 15 & Nov 15	Semi-annually: May 15 & Nov 15
North America [Member] | 4.50% Annual Interest Rate On Subordinated Convertible Notes Until November 2019 [Member]
Maturity Date	November 2019	November 2019
Interest rate	4.50%	4.50%
North America [Member] | 2.25% Annual Interest Rate On Subordinated Convertible Notes Until November 2029 [Member]
Maturity Date	November 2029	November 2029
Interest rate	2.25%	2.25%

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Total Equity (Narrative) (Details) (USD $) In Millions, except Share data, unless otherwise specified	0 Months Ended	12 Months Ended			0 Months Ended
	May 20, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Nov. 23, 2013	Nov. 24, 2003	Dec. 10, 2013
Class of Stock [Line Items]
Common stock authorized, shares		200,000,000
Preferred stock authorized, shares		25,000,000
Purchase of common shares, value		$ 30.7	$ 19.5	$ 1.2
Dividends per share declared and paid	$ 0.18	$ 0.72	$ 0.54
Payments of dividends in total		35.4	26.7
Percent of matching and retirement contribution of compensation paid		6.00%
Investments in mutual funds, percent		69.00%
Investments in deferred stock, percent		26.00%
Investments in General Cable stock fund, percent		5.00%
Market value of mutual fund investments, nonvested and subsequently vested stock and restricted stock in the rabbi trust		31.9	42.0
Amounts payable to the plan participants classified as other liabilities		23.5	24.2
Five Point Seven Five Percent Series A Redeemable Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares issued						2,070,000
Interest rate						5.75%
Redeemable convertible preferred stock, shares outstanding		0	0
Common Stock [Member]
Class of Stock [Line Items]
Shares conversion ratio					5.056
Stock Repurchase Program [Member]
Class of Stock [Line Items]
Authorized amount							125
Purchase of common shares, value		30.7
Repurchase of common shares, shares		1,000,000
Average cost per share		$ 30.73
Prior Stock Repurchase Program [Member]
Class of Stock [Line Items]
Purchase of common shares, value			19.5
Repurchase of common shares, shares			597,531
Average cost per share			$ 32.65
Fair Value, Measurements, Recurring [Member]
Class of Stock [Line Items]
Market value of the assets held by the rabbi trust classified as other non-current assets		22.1	22.2
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Class of Stock [Line Items]
Market value of the assets held by the rabbi trust classified as other non-current assets		$ 22.1	$ 22.2

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Total Equity (Tables)

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Components Of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) as of December 31, 2014 and December 31, 2013, respectively, consisted of the following (in millions):

	Fiscal Years Ended
	December 31, 2014						December 31, 2013
	Company Common Shareholders			Noncontrolling Interest			Company Common Shareholders			Noncontrolling Interest
Foreign currency translation adjustment	$	(185.1	)	$	(3.8	)	$	(67.1	)	$	(24.5	)
Pension adjustments, net of tax	(78.3		)	(2.9		)	(52.6		)	(2.9		)
Change in fair value of derivatives, net of tax	—			—			—			—
Other	—			—			7.6			—
Accumulated other comprehensive income (loss)	$	(263.4	)	$	(6.7	)	$	(112.1	)	$	(27.4	)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2012 to December 31, 2014 including the effect of significant reclassifications out of accumulated other comprehensive income as required by ASU 2013-02 (in millions, net of tax):

	Foreign currency translation			Change of fair value of pension benefit obligation			Change in fair value of derivatives			Other			Total
Balance, December 31, 2012	$	(27.9	)	$	(84.4	)	$	0.1		$	7.6		$	(104.6	)
Other comprehensive income before reclassifications	(39.2		)	13.6			(0.8		)	—			(26.4		)
Amounts reclassified from accumulated other comprehensive income	—			18.2			0.7			—			18.9
Net current - period other comprehensive income (loss)	(39.2		)	31.8			(0.1		)	—			(7.5		)
Balance, December 31, 2013	$	(67.1	)	$	(52.6	)	$	—		$	7.6		$	(112.1	)
Other comprehensive income before reclassifications	(123.2		)	(15.4		)	—			—			(138.6		)
Amounts reclassified from accumulated other comprehensive income	3.6			(10.3		)	—			(1.2		)	(7.9		)
Other	1.6			—			—			(6.4		)	(4.8		)
Net current - period other comprehensive income (loss)	(118.0		)	(25.7		)	—			(7.6		)	(151.3		)
Balance, December 31, 2014	$	(185.1	)	$	(78.3	)	$	—		$	—		$	(263.4	)

Reclassifications out of Accumulated Other Comprehensive Income

The following is the detail of the reclassifications out of accumulated other comprehensive income (loss) for the year ended December 31, 2014 (in millions, net of tax):

	Year Ended			Year Ended,
	December 31, 2014			December 31, 2013
	Amount reclassified from accumulated other comprehensive income			Amount reclassified from accumulated other comprehensive income		Affected line item in the Consolidated Statement of Operations and Comprehensive Income (Loss)
Foreign currency translation
Sale of PDP and PDEP	$	3.6		$	—	SG&A
Change in fair value of derivatives:
Commodity contracts	$	—		$	0.7	Cost of Sales
Total - Change in fair value of derivatives	$	—		$	0.7
Amortization of defined pension items
Prior service cost	$	(1.2	)	$	1.7	SG&A
Net loss	(9.1		)	16.5		SG&A
Total - Amortization of defined benefit pension items	(10.3		)	18.2
Other	$	(1.2	)	$	—	SG&A
Total	$	(7.9	)	$	18.9

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Subsequent Events

12 Months Ended

Dec. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

A new Venezuelan currency exchange system, known as the “Marginal Currency System” (or “SIMADI”), opened for trading February 12, 2015, replacing the previous SICAD 2 mechanism. The SIMADI is intended to provide limited access to a free market rate of exchange. At December 31, 2014 our net monetary asset position denominated in Venezuelan bolivar was $37 million. We believe that significant uncertainty exists regarding the exchange mechanisms in Venezuela, including how any such mechanisms will operate in the future and the availability of U.S. dollars under each mechanism including SIMADI. Consequently, we are not able to estimate the financial effect of using the SIMADI. We anticipate recognizing further remeasurement charges in the first quarter of 2015 and will continue to monitor the impact on our financial statements of the evolving Venezuela exchange rate.

On February 20, 2015, based on the analysis completed at that time with the assistance of our external counsel and forensic accountants, we concluded that we were able to reasonably estimate the amount of profit derived from sales made to the Angolan government-owned public utilities in connection with the payments described above, which we believe are likely to ultimately be disgorged. As a result, we have recorded an estimated charge in the amount of $24 million as an accrual as of December 31, 2014. The accrued amount reflects the probable and estimable amount of the Angola-related profits that the Company believes is subject to being disgorged, and does not include any provision for any fines, civil or criminal penalties, or other relief, any or all of which could be substantial.

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Long-Term Debt (Subordinated Convertible Notes) (Details) (North America [Member], Subordinated Convertible Notes Due 2029 [Member], USD $)	0 Months Ended
	Dec. 15, 2009	Dec. 31, 2014	Dec. 31, 2013
North America [Member] | Subordinated Convertible Notes Due 2029 [Member]
Debt Instrument [Line Items]
Debt principal amount	$ 429,500,000.0
Nonconvertible debt borrowing rate on debt instrument issuance date	12.50%
Liability component of convertible notes	162,900,000	429,500,000	429,500,000
Unamortized discount	266,600,000	259,700,000	261,500,000
Debt issuance costs	$ 14,500,000

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Earnings Per Common Share (Reconciliation Of The Numerator And Denominator Of Earnings (Loss) Per Common Share) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 26, 2014	Jun. 27, 2014	Mar. 28, 2014	Dec. 31, 2013	Sep. 27, 2013	Jun. 28, 2013	Mar. 29, 2013	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Earnings Per Share [Abstract]
Net income (loss) attributable to Company common shareholders	$ (163.2)	$ (124.2)	$ (24.8)	$ (315.4)	$ 13.8	$ 5.7	$ 8.2	$ (45.8)	$ (627.6)		$ (18.1)		$ 4.0
Less: Net income allocated to participating securities									0	[1]	0.1	[1]	0	[1]
Net income (loss) for basic EPS computations									(627.6)	[2]	(18.2)	[2]	4.0	[2]
Weighted average shares outstanding for basic EPS computation									48.8	[3],[4]	49.4	[3],[4]	49.7	[3],[4]
Earnings (loss) per common share - basic (usd per share)	$ (3.35)	$ (2.55)	$ (0.51)	$ (6.42)	$ 0.28	$ 0.11	$ 0.17	$ (0.92)	$ (12.86)	[4]	$ (0.37)	[4]	$ 0.08	[4]
Net income (loss) attributable to Company common shareholders	(163.2)	(124.2)	(24.8)	(315.4)	13.8	5.7	8.2	(45.8)	(627.6)		(18.1)		4.0
Add: Preferred stock dividends on convertible stock									0		0		0.3
Net income (loss) attributable to Company common shareholders - for diluted EPS computation	$ (163.2)	$ (124.2)	$ (24.8)	$ (315.4)	$ 13.9	$ 5.8	$ 8.3	$ (45.8)	$ (627.6)	[2]	$ (18.1)	[2]	$ 4.3	[2]
Weighted average shares outstanding including nonvested shares									48.8	[3],[4]	49.4	[3],[4]	49.7	[3],[4]
Dilutive effect of stock options and restricted stock units									0		0		1.0
Dilutive effect of assumed conversion of preferred stock									0		0		0.4
Weighted average shares outstanding for diluted EPS computation									48.8	[3]	49.4	[3]	51.1	[3]
Earnings per common share - assuming dilution (usd per share)	$ (3.35)	$ (2.55)	$ (0.51)	$ (6.42)	$ 0.27	$ 0.11	$ 0.16	$ (0.92)	$ (12.86)		$ (0.37)		$ 0.08

[1] Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

[2] Numerator

[3] Denominator

[4] Under the two class method, Earnings per share — basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

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Supplemental Guarantor Condensed Financial Information (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash dividend paid	$ 35,400,000	$ 26,700,000
5.75% Senior Notes due 2022 [Member]
Interest rate on senior convertible notes	5.75%
Parent Company [Member]
Cash dividend paid	0	0	0
North America [Member] | Parent Company [Member] | 5.75% Senior Notes due 2022 [Member]
Debt principal amount	600,000,000
Debt maturity date	Dec. 31, 2022
North America [Member] | Parent Company [Member] | Senior Floating Notes Due In 2015 [Member]
Debt principal amount	$ 125,000,000
Debt maturity date	Dec. 31, 2015

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Subsequent Event (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Subsequent Event [Line Items]
Assets	$ 3,366.7	$ 4,578.9
FCPA accrual	24.0	0
Venezuela [Member]
Subsequent Event [Line Items]
Assets	43.0	367.0
Venezuela [Member] | BsF Denominated Monetary Items [Member]
Subsequent Event [Line Items]
Assets	$ 37.0	$ 238.0

XML

Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets, Customer Relationships) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Amortized intangible assets	$ 168.4	$ 139.5
Accumulated amortization	(99.8)	(85.8)
Foreign currency translation adjustment	(4.2)	(1.6)
Total Amortized intangible assets	$ 64.4	$ 52.1

XML

Income Taxes (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	$ 145.4	$ 93.8
Deferred tax assets, tax loss carryforwards	117.9	98.3
Operating loss carryforwards	46.7
Deferred tax liabilities	256.9	308.1
Income tax expense	8.3	38.8	78.6
Unrecognized tax benefits that would impact effective tax rate	30.0	55.4	61.7
Unrecognized tax benefit that would result in adjustments to deferred taxes	1.9	2.3	2.5
Unrecognized tax benefits, income tax penalties expense	(1.1)	0.7	1.2
Unrecognized tax benefits, interest on income taxes expense	(0.2)	3.8	2.4
Recognized liabilities for penalties	3.5	7.6	7.8
Recognized liabilities for expense	7.3	15.4	13.8
Significant change in unrecognized tax benefits is reasonably possible, amount of unrecorded benefit	6
PDP and PDEP [Member]
Income Tax Contingency [Line Items]
Income tax expense	8.0
Africa/Asia Pacific [Member]
Income Tax Contingency [Line Items]
Deferred tax liabilities	2.8
Income tax expense	75.0
Permanently Reinvest Earnings [Member]
Income Tax Contingency [Line Items]
Income tax expense	10.1
Venezuela [Member]
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	10.7
BRAZIL [Member]
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	8.4
SPAIN [Member]
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	10.9
Operating loss carryforwards	13.0
COLOMBIA [Member]
Income Tax Contingency [Line Items]
Deferred tax assets, valuation allowance	2.3
Outside of the Asia Pacific and African regions [Member]
Income Tax Contingency [Line Items]
Income tax expense	370.0
Taxing Jurisdictions [Member]
Income Tax Contingency [Line Items]
Deferred tax assets, tax loss carryforwards	15.0
Foreign Country [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 367.0

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Restructuring and Review of Strategic Alternatives and Operational Structure (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Jul. 31, 2014	Feb. 28, 2014	Oct. 23, 2014
July 2014 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge	$ 190,000,000	$ 190,000,000
Cost incurred to date	117,500,000
Restructuring charges	166,300,000
July 2014 Restructuring Program [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge	50,000,000
Cost incurred to date	38,700,000
Restructuring charges	38,700,000
Number of employees	980
Number of manufacturing employees	770
Number of non-manufacturing employees	210
July 2014 Restructuring Program [Member] | Asset-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge	120,000,000
Restructuring charges	117,500,000
July 2014 Restructuring Program [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge	20,000,000
Restructuring charges	10,100,000
July 2014 Restructuring Program [Member] | North America [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,200,000
July 2014 Restructuring Program [Member] | North America [Member] | Asset-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	3,200,000
July 2014 Restructuring Program [Member] | North America [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,400,000
July 2014 Restructuring Program [Member] | Europe [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	33,400,000
July 2014 Restructuring Program [Member] | Europe [Member] | Asset-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	80,100,000
July 2014 Restructuring Program [Member] | Europe [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,100,000
July 2014 Restructuring Program [Member] | Latin America [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,700,000
July 2014 Restructuring Program [Member] | Latin America [Member] | Asset-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	20,900,000
July 2014 Restructuring Program [Member] | Latin America [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	5,100,000
July 2014 Restructuring Program [Member] | Africa/Asia Pacific [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	400,000
July 2014 Restructuring Program [Member] | Africa/Asia Pacific [Member] | Asset-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Cost incurred to date	13,300,000
July 2014 Restructuring Program [Member] | Africa/Asia Pacific [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,500,000
July 2014 Restructuring Program [Member] | Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	151,700,000
July 2014 Restructuring Program [Member] | Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	14,600,000
July 2014 Restructuring Program [Member] | North America [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge		13,000,000
Restructuring charges	6,800,000
July 2014 Restructuring Program [Member] | Europe [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge		126,000,000
Restructuring charges	115,600,000
July 2014 Restructuring Program [Member] | Latin America [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge		33,000,000
Restructuring charges	28,700,000
July 2014 Restructuring Program [Member] | Africa/Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge		18,000,000
Restructuring charges	15,200,000
February 2014 Restructuring Program [Member] | North America [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	10,100,000
February 2014 Restructuring Program [Member] | North America [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4,200,000
February 2014 Restructuring Program [Member] | North America [Member] | Asset-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,600,000
February 2014 Restructuring Program [Member] | North America [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges	4,300,000
February 2014 Restructuring Program [Member] | North America [Member] | Minimum [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge			10,000,000.0
February 2014 Restructuring Program [Member] | North America [Member] | Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge			12,000,000.0
October 2014 Review of Strategic Alternatives and Operational Structure [Member] | Africa/Asia Pacific [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge				$ 14,000,000

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Share-Based Compensation (Expense Related to Non-vested Stock Awards) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Total pre-tax share-based compensation expense	$ 15.8		$ 12.9		$ 12.5
Excess tax benefit (deficiency) on share-based compensation	(0.5)	[1]	(0.7)	[1]	(0.6)	[1]
Non-Qualified Stock Option Expense [Member]
Total pre-tax share-based compensation expense	2.3		5.5		4.9
Non-Vested Stock Awards Expense [Member]
Total pre-tax share-based compensation expense	0		0.2		1.7
Immediately Vested Stock Awards Expense [Member]
Total pre-tax share-based compensation expense	0.8		0		0
Stock Unit Awards [Member]
Total pre-tax share-based compensation expense	8.0		5.2		4.5
Performance-Based Non-Vested Stock Awards Expense [Member]
Total pre-tax share-based compensation expense	$ 4.7		$ 2.0		$ 1.4

[1] Cash inflows (outflows) recognized as financing and operating activities in the Company’s consolidated statement of cash flows

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Schedule II - Valuation and Qualifying Accounts (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Allowance for Doubtful Accounts [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	$ 39.2	$ 38.3	$ 21.2
Impact of foreign currency exchange rate changes	(4.2)	(1.9)	0.3
Provision	9.9	9.4	21.9
Write-offs	(12.9)	(6.6)	(5.1)
Ending balance	32.0	39.2	38.3
Valuation Allowance of Deferred Tax Assets [Member]
Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	93.8	77.8	40.0
Provision	111.0	26.0	31.6
Write-offs	(12.8)	(1.2)	(0.4)
Changes attributable to acquisitions and dispositions	(1.2)	0	0.4
Changes impacting equity and other movements	(45.4)	(8.8)	6.2
Ending balance	$ 145.4	$ 93.8	$ 77.8

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Long-Term Debt (Maturity Range) (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014
Long-term Debt, Unclassified [Abstract]
Maturities of long-term debt range, start	Dec. 31, 2015
Maturities of long-term debt range, end	Dec. 31, 2019
Maturities of long-term debt in 2015	$ 403.5
Maturities of long-term debt in 2016	13.0
Maturities of long-term debt in 2017	1.8
Maturities of long-term debt in 2018	137.7
Maturities of long-term debt in 2019	0.8
Maturities of long-term debt in 2020 and thereafter	$ 780.6

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Financial Instruments (Narrative) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Derivatives, Fair Value [Line Items]
Number of derivative require collateral security	$ 0	$ 0
Forward pricing agreements	11,600,000	10,100,000
Unrealized loss related to forward pricing agreements	(400,000)
Unrealized gain related to forward pricing agreements		500,000
Fair value forward pricing agreements	11,200,000	10,600,000
Number of derivative require collateral security	0	0
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Unrealized gain (loss) on derivatives	4,000,000	20,100,000	1,600,000
Gain (loss) on derivative instruments not designated as cash flow hedges	$ (4,000,000)		$ 3,000,000

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Long-Term Debt (Schedule of Senior Floating Rate Notes) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended	1 Months Ended	12 Months Ended
	Dec. 31, 2014	Mar. 21, 2007	Dec. 31, 2013
Debt Instrument [Line Items]
Redemption price, percentage	100.00%
North America [Member] | Senior Unsecured Notes [Member]
Debt Instrument [Line Items]
Payment of issuance costs and expenses of related to notes		$ 7.9
Net cash proceeds from notes used for general corporate purposes		2.3
North America [Member] | 7.125% Senior Notes Due 2017 [Member]
Debt Instrument [Line Items]
Interest rate			7.125%
Maturity Date	April 2015		April 2015
Debt instrument, payment terms	Semi-annually: Apr 1 & Oct 1		Semi-annually: Apr 1 & Oct 1
Extinguishment of debt			200.0
North America [Member] | Senior Floating Rate Notes Due 2015 [Member]
Debt Instrument [Line Items]
Face Value	125.0		125.0
Fair value (Level 1)	123.8		124.1
Interest rate	2.60%		2.60%
Maturity Date	July 2015		July 2015
Debt instrument, payment terms	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1		3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Description of variable rate basis	LIBOR		LIBOR
Basis spread on variable rate	2.38%		2.38%
North America [Member] | 9.5% Senior Notes [Member]
Debt Instrument [Line Items]
Interest rate		9.50%
Payments for senior notes		285.0
Payment for accrued interest related to senior notes			9.3
Payment for tender fees and the inducement premium related to senior notes		$ 20.5

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Financial Instruments (Notional Amounts And Fair Values Of Derivatives Designated As Cash Flow Hedges And Derivatives Not Designated As Cash Flow Hedges) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Fair Value, Asset	$ 5.4	[1]	$ 7.2	[1]
Fair Value, Liability	8.1	[2]	9.3	[2]
Commodity Futures [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	106.4		173.7
Fair Value, Asset	0.5	[1]	1.2	[1]
Fair Value, Liability	3.9	[2]	7.6	[2]
Foreign Currency Exchanges [Member]
Derivatives, Fair Value [Line Items]
Notional Amount	154.7		223.2
Fair Value, Asset	4.9	[1]	6.0	[1]
Fair Value, Liability	$ 4.2	[2]	$ 1.7	[2]

[1] Balance recorded in “Prepaid expenses and other” and “Other non-current assets”

[2] Balance recorded in “Accrued liabilities” and “Other liabilities”

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Long-Term Debt (5.75% Senior Notes Due in 2022) (Details) (5.75% Senior Notes due 2022 [Member], North America [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Debt Instrument [Line Items]
Face Value	$ 600.0		$ 600.0
Fair Value (Level 2)	$ 483.0		$ 588.0
Stated Interest Rate	5.75%		5.75%
Interest Payment	Semi-Annual: Apr 1 & Oct 1		Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022		October 2022
Call Option, Beginning Date, year one	Oct. 01, 2017	[1]
Call Option, Percentage, year one	102.875%	[1]
Call Option, Beginning Date, year two	Oct. 01, 2018	[1]
Call Option, Percentage, year two	101.917%	[1]
Call Option, Beginning Date, year three	Oct. 01, 2019	[1]
Call Option, Percentage, year three	100.958%	[1]
Call Option, Beginning Date, year four and thereafter	October 1, 2020 and thereafter	[1]
Call Option, Percentage, year four and thereafter	100.00%	[1]
Redemption price in cash equal to principal plus accrued and unpaid interest, percent	105.75%
Minimum [Member]
Debt Instrument [Line Items]
Percent of aggregate principal amount of senior notes issued remains outstanding	65.00%
Maximum [Member]
Debt Instrument [Line Items]
Percent of aggregate principal amount of senior notes that can be redeemed on or prior to October 1, 2015	35.00%

[1] The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

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Goodwill And Other Intangible Assets (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended				3 Months Ended
	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012	Mar. 28, 2014	Jun. 27, 2014	Jan. 24, 2014	Feb. 13, 2013	Feb. 12, 2013	Dec. 31, 2011
Amortization of intangible assets	$ 14.0		$ 12.5	$ 11.5
Estimated amortization expense - 2015	13.5
Estimated amortization expense - 2016	12.7
Estimated amortization expense - 2017	10.2
Estimated amortization expense - 2018	6.3
Estimated amortization expense - 2019	5.9
Estimated amortization expense, thereafter	15.8
Exchange rate, currency translation	6.30						6.30	6.30	4.30	4.30
Goodwill	26.1		184.6	187.6
Goodwill impairment charge	155.1		0	0
Intangible asset impairment charges	98.8		0	0
PDIC [Member]
Goodwill	154.5
PDIC [Member]
Goodwill impairment charge	155.1				155.1
Intangible asset impairment charges	93.4				93.4
Venezuela [Member]
Maximum percent of profit margin that may be allowed due to price controls	30.00%
Minimum [Member] | Customer Relationships [Member]
Finite lived intangible assets useful life	7 years
Maximum [Member] | Customer Relationships [Member]
Finite lived intangible assets useful life	12 years
Trade Names [Member]
Weighted average useful life of the amortized intangible assets	10 years
Intangible asset impairment charges	95.2	[1]
Latin America [Member]
Accumulated goodwill impairment charge	82.6
Goodwill	3.0		88.3	91.0
Latin America [Member] | PDIC [Member]
Goodwill impairment charge	82.9
Intangible asset impairment charges					69.1
Latin America [Member] | Trade Names [Member]
Accumulated indefinite-lived asset	68.9
Intangible asset impairment charges	68.9	[1]
Latin America [Member] | Trade Names [Member] | PDIC [Member]
Finite-lived intangible assets, remaining amortization period	10 years					10 years
Africa/Asia Pacific [Member]
Accumulated goodwill impairment charge	71.9
Goodwill	6.1		78.7	83.0
Africa/Asia Pacific [Member] | PDIC [Member]
Goodwill impairment charge	72.2
Intangible asset impairment charges					24.3
Africa/Asia Pacific [Member] | Trade Names [Member]
Accumulated indefinite-lived asset	24.2
Intangible asset impairment charges	24.2	[1]
Africa/Asia Pacific [Member] | Trade Names [Member] | PDIC [Member]
Finite-lived intangible assets, remaining amortization period	10 years
North America [Member]
Goodwill	17.0		17.6	13.6
North America [Member] | Trade Names [Member]
Accumulated indefinite-lived asset	2.1
Intangible asset impairment charges	$ 2.1	[1]

[1] The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Consolidated Statements of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

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Earnings Per Common Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Common Share

Earnings Per Common Share

The Company applies the two-class method of computing basic and diluted earnings per share. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors.

A reconciliation of the numerator and denominator of earnings (loss) per common share-basic to earnings (loss) per common share-assuming dilution is as follows (in millions, except per share data):

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Earnings (loss) per share — basic:
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(18.1	)	$	4.0
Less: Net income allocated to participating securities(4)	—			0.1			—
Net income (loss) for basic EPS computations(1)	(627.6		)	(18.2		)	4.0
Weighted average shares outstanding for basic EPS computation (2,3)	48.8			49.4			49.7
Earnings (loss) per common share — basic (3)	$	(12.86	)	$	(0.37	)	$	0.08
Earnings (loss) per share — assuming dilution:
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(18.1	)	$	4.0
Add: Preferred stock dividends on convertible stock	—			—			0.3
Net income (loss) attributable to Company common shareholders — for diluted EPS computation (1)	$	(627.6	)	$	(18.1	)	$	4.3
Weighted average shares outstanding including nonvested shares	48.8			49.4			49.7
Dilutive effect of stock options and restricted stock units	—			—			1.0
Dilutive effect of assumed conversion of preferred stock	—			—			0.4
Weighted average shares outstanding for diluted EPS computation (2)	48.8			49.4			51.1
Earnings (loss) per common share — assuming dilution	$	(12.86	)	$	(0.37	)	$	0.08

(1) Numerator

(2) Denominator

(3) Under the two class method, Earnings per share — basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

(4) Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

As of December 31, 2014, 2013 and 2012, there were approximately 3,057 thousand, 288 thousand, and 553 thousand shares excluded from the earnings per common share — assuming dilution computation because their impact was anti-dilutive, respectively.

Under ASC 260 - Earnings per Share and ASC 470 - Debt and because of the Company’s obligation to settle the par value of the Subordinated Convertible Notes in cash, the Company is not required to include any shares underlying the Subordinated Convertible Notes in its weighted average shares outstanding — assuming dilution until the average stock price per share for the quarter exceeds the $36.75 conversion price of the Subordinated Convertible Notes, respectively, and only to the extent of the additional shares that the Company may be required to issue in the event that the Company’s conversion obligation exceeds the principal amount of the Subordinated Convertible Notes.

Regarding the Subordinated Convertible Notes, the average stock price threshold conditions had not been met as of December 31, 2014 or December 31, 2013. At any such time in the future the threshold conditions are met, only the number of shares issuable under the “treasury” method of accounting for the share dilution would be included in the Company’s earnings per share — assuming dilution calculation, which is based upon the amount by which the average stock price exceeds the conversion price.

The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding — assuming dilution calculation for the Subordinated Convertible Notes.

	Shares Underlying Subordinated	Total Treasury Method
Share Price	Convertible Notes	Incremental Shares (1)
$36.75	—	—
$38.75	603,152	603,152
$40.75	1,147,099	1,147,099
$42.75	1,640,151	1,640,151
$44.75	2,089,131	2,089,131

(1) Represents the number of incremental shares that must be included in the calculation of fully diluted shares under U.S. GAAP.

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Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Schedule Of Financial Information By Reportable Segments

Summarized financial information for the Company's reportable segments is as follows:

	Year Ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Net Sales:
North America	$	2,550.1		$	2,751.6		$	2,340.2
Europe	1,330.8			1,448.7			1,506.2
Latin America	1,143.0			1,211.9			1,214.5
Africa/Asia Pacific	955.9			1,009.0			998.6
Total	$	5,979.8		$	6,421.2		$	6,059.5
Segment Operating Income (Loss):
North America	$	118.5		$	127.5		$	124.0
Europe	(94.0		)	(7.8		)	(24.1		)
Latin America	(246.6		)	44.2			67.2
Africa/Asia Pacific	(89.3		)	47.8			32.3
Total	$	(311.4	)	$	211.7		$	199.4
Capital Expenditures:
North America	$	38.4		$	33.5		$	25.3
Europe	9.5			14.1			33.7
Latin America	25.6			21.5			29.5
Africa/Asia Pacific	16.1			20.0			20.1
Total	$	89.6		$	89.1		$	108.6
Depreciation Expense:
North America	$	39.8		$	40.3		$	30.0
Europe	33.1			35.5			33.9
Latin America	20.4			25.9			22.2
Africa/Asia Pacific	16.8			16.9			16.4
Total	$	110.1		$	118.6		$	102.5
Total Assets:
North America	$	1,220.3		$	1,342.0
Europe	751.4			1,045.9
Latin America	656.6			1,202.8
Africa/Asia Pacific	738.4			988.2
Total	$	3,366.7		$	4,578.9

Schedule Of Revenue To External Customers

Revenues to external customers are attributable to sales of electric utility, electrical infrastructure, construction, communications and rod mill wire product lines.

	Year Ended
(in millions)	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Electric Utility	$	2,006.1	$	2,148.5	$	2,004.8
Electrical Infrastructure	1,589.5		1,674.2		1,611.5
Construction	1,440.4		1,568.9		1,519.0
Communications	570.4		713.0		651.2
Rod Mill Products	373.4		316.6		273.0
Total	$	5,979.8	$	6,421.2	$	6,059.5

Schedule Of Revenue To Unaffiliated Customers By Country

The following table presents net sales to unaffiliated customers by country of destination for the last three years and long-lived assets by country as of December 31:

	Net Sales						Non - Current Assets
	Year Ended						Year Ended
(in millions)	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012		Dec 31, 2014		Dec 31, 2013
United States	$	2,049.3	$	1,919.8	$	1,859.5	$	318.9	$	331.7
Canada	467.1		708.0		441.3		42.3		49.3
France	383.6		469.4		494.9		65.4		72.6
Brazil	457.9		421.3		477.6		69.7		105.0
Spain	218.5		280.7		319.0		64.0		166.0
Others	2,403.4		2,622.0		2,467.2		410.3		847.8
Total	$	5,979.8	$	6,421.2	$	6,059.5	$	970.6	$	1,572.4

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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Long-Term-Debt

(in millions)	Dec 31, 2014			Dec 31, 2013
North America
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(259.7		)	(261.5		)
Senior Floating Rate Notes	125.0			125.0
Revolving Credit Facility	136.8			225.0
Other	9.0			9.0
Europe
Credit facilities	—			0.3
Other	10.5			10.3
Latin America credit facilities	238.6			179.6
Africa/Asia Pacific credit facilities	47.7			69.7
Total debt	1,337.4			1,386.9
Less current maturities	403.5			250.3
Long-term debt	$	933.9		$	1,136.6

Schedule of Debt Information

The Company’s Subordinated Convertible Notes and terms are summarized in the tables below. For a discussion of the effects on earnings per share, refer to Note 17 - Earnings Per Common Share.

	Subordinated Convertible Notes due 2029 (1)
Conversion Rights — The notes are convertible at the option of the holder into the Company’s common stock upon the occurrence of certain events, including	(i) during any calendar quarter commencing after March 31, 2010, in which the closing price of the Company’s common stock is greater than or equal to 130% of the conversion price for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the preceding calendar quarter (establishing a contingent conversion price of $47.78);
	(ii) during any five business day period after any five consecutive trading day period in which the trading price per $1,000 principal amount of the notes for each day of that period is less than 98% of the product of the closing sale price of the Company’s common stock and the applicable conversion rate;
	(iii) certain distributions to holders of the Company’s common stock are made or upon specified corporate transactions including a consolidation or merger;
	(iv) a fundamental change as defined; and
	(v) at any time during the period beginning on August 31, 2029 and ending on the close of business on the business day immediately preceding the stated maturity date.
	(vi) On or after November 15, 2019, the Company may redeem all or a part of the notes for cash at a price equal to 100% of the principal amount of the notes, plus interest, if the price of our common stock has been at least 150% of the conversion price then in effect for at least 20 trading days during the 30 consecutive trading day period immediately preceding the date on which notice is given
Initial conversion rate	$36.75 per share — approximating 27.2109 shares per $1,000 principal amount of notes
Upon conversion	A holder will receive, in lieu of common stock, an amount of cash equal to the lesser of (i) the principal amount of the notes, or (ii) the conversion value, determined in the manner set forth in the indenture governing the notes, of a number of shares equal to the conversion rate.
	If the conversion value exceeds the principal amount of the notes on the conversion date, the Company will also deliver, at the Company’s election, cash or common stock or a combination of cash and common stock with respect to the conversion value upon conversion.
	If conversion occurs in connection with a “fundamental change” as defined in the notes indenture, the Company may be required to repurchase the notes for cash at a price equal to the principal amount plus accrued but unpaid interest.
	If conversion occurs in connection with certain changes in control, the Company may be required to deliver additional shares of the Company’s common stock (a “make whole” premium) by increasing the conversion rate with respect to such notes.
Share issuable upon conversion	The Company may issue additional share up to 11,686,075 under almost all conditions and up to 14,315,419 under the “make-whole” premium
Guarantee	None

(1) In the event of a “fundamental change” or exceeding the aforementioned average pricing thresholds, the Company would be required to classify the amount outstanding as a current liability.

5.75% Senior Notes due 2022 [Member]

Schedule of Long-Term-Debt

The Company's 5.75% Senior Notes are summarized in the table below:

	5.75% Senior Notes
(in millions)	December 31, 2014			December 31, 2013
Face Value	$	600.0		$	600.0
Fair Value (Level 2)	483.0			588.0
Stated Interest Rate	5.75		%	5.75		%
Interest Payment	Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022
Guarantee	Jointly and severally guaranteed by the Company's wholly owned U.S. subsidiaries

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875	%
	October 1, 2018	101.917	%
	October 1, 2019	100.958	%
	October 1, 2020 and thereafter	100.000	%

(1) The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

Convertible Debt [Member]

Schedule of Long-Term-Debt

The Company’s Subordinated Convertible Notes Due 2029 outstanding as of December 31, 2014 and 2013 are as follows:

	Subordinated Convertible Notes Due 2029
(in millions)	Dec 31, 2014			Dec 31, 2013
Face value	$	429.5		$	429.5
Debt discount	(259.7		)	(261.5		)
Book value	169.8			168.0
Fair value (Level 1)	313.1			462.8
Maturity date	Nov 2029
Stated annual interest rate	4.50% until Nov 2019 2.25% until Nov 2029
Interest payments	Semi-annually: May 15 & Nov 15

7.125% Senior Notes and Senior Floating Rate Notes [Member]

Schedule of Long-Term-Debt

Senior Floating Rate Notes

	Senior Floating Rate Notes
(in millions)	Dec 31, 2014			Dec 31, 2013
Face value	$	125.0		$	125.0
Fair value (Level 1)	123.8			124.1
Interest rate	2.6		%	2.6		%
Interest payment	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	Apr 2015
Guarantee	Jointly and severally guaranteed by the Company’s wholly-owned U.S. subsidiaries

Revolving Credit Facility [Member]

Schedule of Credit Facilities

The Company's Revolving Credit Facility as of the respective dates is summarized in the table below:

	Revolving Credit Facility
(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	136.8		$	225.0
Total credit under facility	1,000.0			1,000.0
Undrawn availability(1)	425.0			298.4
Interest rate	2.1		%	2.0		%
Outstanding letters of credit	$	58.5		$	112.7
Original issuance	Jul 2011
Maturity date	Sept 2018

^{(1) Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2014 is $257.7 million, $54.3 million and $113.0 million, respectively.}  

^{Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 is $102.1 million, $53.1 million and $143.2 million, respectively.}

Europe And Mediterranean Credit Facilities [Member]

Schedule of Credit Facilities

The Company’s Latin America credit facilities are summarized in the table below:

(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	238.6		$	179.6
Undrawn availability	79.6			204.4
Interest rate — weighted average	6.1		%	4.2		%
Maturity date	Various; $228.2 million due within one year

Rest Of World Credit Facilities [Member]

Schedule of Credit Facilities

The Company’s Africa/Asia Pacific credit facilities are summarized in the table below:

(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	47.7		$	69.7
Undrawn availability	62.0			125.3
Interest rate — weighted average	5.3		%	5.1		%
Maturity date	Various; $47.7 million due within one year

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Long-Term Debt (Schedule Of Long-Term-Debt) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 15, 2009
Debt Instrument [Line Items]
Total debt	$ 1,337.4	$ 1,386.9
Less current maturities	403.5	250.3
Long-term debt	933.9	1,136.6
North America [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	136.8	225.0
North America [Member] | 5.75% Senior Notes due 2022 [Member]
Debt Instrument [Line Items]
Face Value	600.0	600.0
Interest rate	5.75%	5.75%
Maturity Date	October 2022	October 2022
North America [Member] | Subordinated Convertible Notes Due 2029 [Member]
Debt Instrument [Line Items]
Face Value	429.5	429.5	162.9
Debt discount	(259.7)	(261.5)	(266.6)
Total debt	169.8	168.0
Maturity Date	November 2029	November 2029
North America [Member] | Senior Floating Rate Notes [Member]
Debt Instrument [Line Items]
Face Value	125.0	125.0
Interest rate	2.60%	2.60%
Maturity Date	July 2015	July 2015
North America [Member] | Other Debt [Member]
Debt Instrument [Line Items]
Face Value	9.0	9.0
Europe [Member] | Credit Facilities [Member]
Debt Instrument [Line Items]
Total debt	0	0.3
Europe [Member] | Other Debt [Member]
Debt Instrument [Line Items]
Total debt	10.5	10.3
Latin America [Member] | Credit Facilities [Member]
Debt Instrument [Line Items]
Total debt	238.6	179.6
Maturity Date	Various	Various
Africa/Asia Pacific [Member] | Credit Facilities [Member]
Debt Instrument [Line Items]
Total debt	$ 47.7	$ 69.7
Maturity Date	Various	Various

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Employee Benefit Plans (Changes in Benefit Obligation) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Changes in Plan Assets:
Ending fair value of plan assets	$ 186.7	$ 194.5
U.S. Plans [Member]
Changes in Benefit Obligation:
Beginning benefit obligation	169.9	180.4
Impact of foreign currency exchange rate change	0	0
Transfers	0	0
Service cost	1.6	1.9	1.8
Interest cost	8.0	7.2	7.7
Curtailment (gain) loss	(0.3)	0
Settlement (gain) loss	0	0
Benefits paid	(10.2)	(10.1)
Employee contributions	0	0
Amendments / Change in assumptions	(0.2)	(0.1)
Actuarial (gain) loss	22.2	(9.4)
Ending benefit obligation	191.0	169.9	180.4
Changes in Plan Assets:
Beginning fair value of plan assets	142.9	129.1
Impact of foreign currency exchange rate change	0	0
Transfers	0	0
Employee contributions	0	0
Actual return on plan assets	6.1	23.4
Company contributions	2.1	0.5
Settlements	0	0
Benefits paid	(10.2)	(10.1)
Ending fair value of plan assets	140.9	142.9	129.1
Funded status at end of year	(50.1)	(27.0)
Amounts Recognized in Consolidated Balance Sheets:
Other Assets	0	0
Accrued liabilities	(0.4)	(0.4)
Other liabilities	(49.7)	(26.6)
Recognized in Accumulated Other Comprehensive Income:
Net actuarial loss	77.3	55.4
Prior service cost	(0.3)	0.4
Transition obligation	0	0
Total recognized in accumulated other comprehensive income	77.0	55.8
Non-U.S. Plans [Member]
Changes in Benefit Obligation:
Beginning benefit obligation	142.9	158.5
Impact of foreign currency exchange rate change	(16.6)	(8.9)
Transfers	(1.0)	0
Service cost	4.6	6.5	4.3
Interest cost	5.4	5.9	6.1
Curtailment (gain) loss	(0.1)	0
Settlement (gain) loss	(5.7)	(3.7)
Benefits paid	(6.2)	(5.0)
Employee contributions	0.4	0.6
Amendments / Change in assumptions	0	(2.3)
Actuarial (gain) loss	27.2	(8.7)
Ending benefit obligation	151.0	142.9	158.5
Changes in Plan Assets:
Beginning fair value of plan assets	51.6	46.1
Impact of foreign currency exchange rate change	(4.4)	(3.4)
Transfers	(1.0)	0
Employee contributions	0.4	0.6
Actual return on plan assets	4.6	6.3
Company contributions	6.5	10.7
Settlements	(5.7)	(3.7)
Benefits paid	(6.2)	(5.0)
Ending fair value of plan assets	45.8	51.6	46.1
Funded status at end of year	(105.2)	(91.3)
Amounts Recognized in Consolidated Balance Sheets:
Other Assets	2.8	6.3
Accrued liabilities	(5.0)	(5.2)
Other liabilities	(103.0)	(92.4)
Recognized in Accumulated Other Comprehensive Income:
Net actuarial loss	37.4	17.1
Prior service cost	3.4	5.7
Transition obligation	0.2	0.3
Total recognized in accumulated other comprehensive income	$ 41.0	$ 23.1

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Acquisitions and Divestitures (Tables)

12 Months Ended

Dec. 31, 2014

Business Acquisition [Line Items]

Schedule of Pro Forma Information, Acquisition

The following table presents selected financial information, in millions, except per share data, from the actual condensed consolidated results of operations for the Company for the year ended December 31, 2012, including the operations of the aforementioned acquisitions and presents selected financial information from unaudited pro forma condensed consolidated results of operations for the Company for the year ended December 31, 2012 as though the acquisitions had been completed as of the beginning of that period. This pro forma information is intended to provide information regarding how the Company might have looked if the acquisition had occurred as of January 1, 2011. The pro forma adjustments represent management's best estimates based on information available at the time the pro forma information was prepared and may differ from the adjustments that may actually have been required. Accordingly, the pro forma financial information should not be relied upon as being indicative of the historical results that would have been realized had the acquisition occurred as of the dates indicated or that may be achieved in the future.

	2012		2012
	(as reported)		(unaudited pro forma)
Net sales	$	6,059.5	$	6,804.3
Net income (loss) attributable to Company common shareholders	$	4.0	$	22.7
Earnings (loss) per common share - assuming dilution	$	0.08	$	0.44

Alcan Cable [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	September 4, 2012
Cash	$	—
Accounts receivable (1). (2)	74.7
Inventories(2)	70.7
Property, plant and equipment	72.7
Intangible assets	5.9
Goodwill(2)	3.5
Other current and noncurrent assets	2.2
Total assets	$	229.7
Current liabilities(2)	$	57.1
Other liabilities	1.3
Total liabilities	$	58.4

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

(2) Final purchase price accounting includes immaterial adjustments to Goodwill and other working capital accounts of approximately $4.3 million.

ProCables S.A. [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	October 1, 2012
Cash	$	28.8
Accounts receivable (1)	28.2
Inventories	19.3
Property, plant and equipment	27.0
Intangible assets	10.6
Goodwill	3.7
Other current and noncurrent assets	4.4
Total assets	$	122.0
Current liabilities	$	67.8
Other liabilities	8.5
Total liabilities	$	76.3
Redeemable noncontrolling interest	$	18.3

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

Prestolite [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	November 2, 2012
Cash	$	0.7
Accounts receivable (1)	22.7
Inventories	17.3
Property, plant and equipment	24.6
Intangible assets	11.7
Goodwill	7.8
Other current and noncurrent assets	2.0
Total assets	$	86.8
Current liabilities	$	20.1
Other liabilities	7.2
Total liabilities	$	27.3

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

Alcan Cable China [Member]

Business Acquisition [Line Items]

Schedule of Business Acquisitions, by Acquisition

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	December 3, 2012
Cash	$	8.4
Accounts receivable (1)	8.5
Inventories	20.5
Property, plant and equipment(2)	58.8
Intangible assets	—
Goodwill	—
Other current and noncurrent assets	0.2
Total assets	$	96.4
Current liabilities	$	18.6
Other liabilities(2)	20.1
Total liabilities	$	38.7

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

(2) Final purchase price accounting includes immaterial adjustments to Property, plant, and equipment and Other liabilities of approximately $20 million.

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Quarterly Operating Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2014
Net sales	$	1,430.1		$	1,531.3		$	1,471.7		$	1,546.7
Gross profit	132.1			131.8			26.6			102.7
Net income (loss) attributable to Company common shareholders	(315.4		)	(24.8		)	(124.2		)	(163.2		)
Net income (loss) attributable to Company common shareholders — for diluted EPS computation	(315.4		)	(24.8		)	(124.2		)	(163.2		)
Earnings (loss) per common share — basic	$	(6.42	)	$	(0.51	)	$	(2.55	)	$	(3.35	)
Earnings (loss) per common share — assuming dilution	$	(6.42	)	$	(0.51	)	$	(2.55	)	$	(3.35	)

	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
2013
Net sales	$	1,543.7		$	1,659.1	$	1,557.1	$	1,661.3
Gross profit	156.9			192.8		160.2		193.8
Net income (loss) attributable to Company common shareholders	(45.8		)	8.2		5.7		13.8
Net income (loss) attributable to Company common shareholders — for diluted EPS computation	(45.8		)	8.3		5.8		13.9
Earnings (loss) per common share — basic	$	(0.92	)	$	0.17	$	0.11	$	0.28
Earnings (loss) per common share — assuming dilution	$	(0.92	)	$	0.16	$	0.11	$	0.27

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Inventories (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Inventory Disclosures [Line Items]
Consignment inventory	$ 26.4	$ 32.5
Venezuela [Member]
Inventory Disclosures [Line Items]
Inventory, lower of cost or market charges recognized	$ 9.5
UNITED STATES AND CANADA [Member]
Inventory Disclosures [Line Items]
Consignment inventory, percentage	83.00%	87.00%

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Share-Based Compensation (Assumptions Used to Estimate Fair Value of Each Stock) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013		Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Risk-free interest rate		0.60%	[1]	1.00%	[1]
Expected dividend yield		0.00%	[2]	0.00%	[2]
Expected option life		4 years 5 months 0 days	[3]	5 years 0 months 0 days	[3]
Expected stock price volatility		67.80%	[4]	68.00%	[4]
Weighted average fair value of options granted		$ 18.60		$ 18.20
Contractual term	10 years	10 years

[1] Risk-free interest rate — This is the U.S. Treasury rate at the grant date having a term approximately equal to the expected life of the option. An increase in the risk-free interest rate will increase compensation expense.

[2] Expected dividend yield — The Company did not pay dividends in the year ended December 31, 2012; therefore compensation expense was not decreased. The assumptions for the compensation expense were set at the beginning of the year prior to the Company deciding to pay dividends in 2013; as the Company did not expect to pay dividends in 2013 there was no effect on compensation expense in the year ended December 31, 2013.

[3] Expected option life — This is the period of time over which the options granted are expected to remain outstanding and is based on historical experience. Options granted have a maximum term of ten years. An increase in expected life will increase compensation expense.

[4] Expected stock price volatility — This is a measure of the amount by which a price has fluctuated or is expected to fluctuate. The Company uses actual historical changes in the market value of the Company’s stock to calculate the volatility assumption as it is management’s belief that this is the best indicator of future volatility. An increase in the expected volatility will increase compensation expense.

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Acquisitions and Divestitures (Assets Acquired and Liability Assumed - ProCables) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Oct. 01, 2012
Business Acquisition [Line Items]
Intangible assets	$ 64.4	$ 52.1
Goodwill	26.1	184.6	187.6
Latin America [Member] | ProCables S.A. [Member]
Business Acquisition [Line Items]
Cash				28.8
Accounts receivable				28.2	[1]
Inventories				19.3
Property, plant and equipment				27.0
Intangible assets				10.6
Goodwill				3.7
Other current and noncurrent assets				4.4
Total Assets				122.0
Current liabilities				67.8
Other liabilities				8.5
Total liabilities				76.3
Redeemable noncontrolling interest				$ 18.3

[1] Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Compensation Expense for Company's Non-Qualified Stock Options, Non-Vested Stock Awards

The table below summarizes compensation expense for the Company’s non-qualified stock options based on the fair value method estimated using the Black-Scholes valuation model, and non-vested stock awards, including restricted stock units, and performance-based non-vested stock awards based on the fair value method for the years ended December 31, 2014, 2013 and 2012. The Company records compensation expense related to non-vested stock awards as a component of selling, general and administrative expense.

	Year Ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Non-qualified stock option expense	$	2.3		$	5.5		$	4.9
Non-vested stock awards expense	—			0.2			1.7
Immediately vested stock awards expense	0.8			—			—
Stock unit awards	8.0			5.2			4.5
Performance-based non-vested stock awards expense	4.7			2.0			1.4
Total pre-tax share-based compensation expense	$	15.8		$	12.9		$	12.5
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.5	)	$	(0.7	)	$	(0.6	)

(1) Cash inflows (outflows) recognized as financing and operating activities in the Company’s consolidated statement of cash flows

Schedule of Share-based Compensation, Stock Options, Activity

A summary of stock option activity for the year ended December 31, 2014 is as follows (options in thousands and aggregate intrinsic value in millions):

			Weighted Average		Weighted Average Remaining	Aggregate
	Options Outstanding		Exercise Price		Contractual Term	Intrinsic Value
Outstanding at December 31, 2013	1,944.1		$	33.18	6.1 years	$	7.0
Granted	—		—
Exercised	(19.7	)	14.11
Forfeited or Expired	(60.6	)	41.26
Outstanding as of December 31, 2014	1,863.8		$	33.12	4.7 years	$	0.2
Exercisable at December 31, 2014	1,580.1		$	32.89	4.1 years	$	0.2
Options expected to vest in the next twelve months	186.0		$	33.94	7.7 years	$	—

Schedule of Valuation Assumptions

The fair value of each option award is estimated on the date of grant using the Black-Scholes valuation model using the following weighted-average assumptions:

	Year Ended
	Dec 31, 2013			Dec 31, 2012
Risk-free interest rate (1)	0.6		%	1.0		%
Expected dividend yield (2)	0			0
Expected option life (3)	4.4 years			5.0 years
Expected stock price volatility (4)	67.8		%	68.0		%
Weighted average fair value of options granted	$	18.60		$	18.20

(1) Risk-free interest rate — This is the U.S. Treasury rate at the grant date having a term approximately equal to the expected life of the option. An increase in the risk-free interest rate will increase compensation expense.

(2) Expected dividend yield — The Company did not pay dividends in the year ended December 31, 2012; therefore compensation expense was not decreased. The assumptions for the compensation expense were set at the beginning of the year prior to the Company deciding to pay dividends in 2013; as the Company did not expect to pay dividends in 2013 there was no effect on compensation expense in the year ended December 31, 2013.

(3) Expected option life — This is the period of time over which the options granted are expected to remain outstanding and is based on historical experience. Options granted have a maximum term of ten years. An increase in expected life will increase compensation expense.

(4) Expected stock price volatility — This is a measure of the amount by which a price has fluctuated or is expected to fluctuate. The Company uses actual historical changes in the market value of the Company’s stock to calculate the volatility assumption as it is management’s belief that this is the best indicator of future volatility. An increase in the expected volatility will increase compensation expense.

Shares Authorized under Stock Option Plans, by Exercise Price Range

Additional information regarding options outstanding as of December 31, 2014 is as follows (options in thousands):

Range of Option Prices	Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Options Exercisable	Weighted Average Exercise Price
$0 -$14	61.1	$	11.95	0.1	61.1	$	11.95
$14 - $28	742.9	$	21.79	3.4	742.9	$	21.79
$28 -$42	599.0	$	33.90	7.3	315.3	$	33.47
$42 - $56	267.7	$	45.15	4.7	267.7	$	45.15
$56 - $70	193.1	$	64.27	2.9	193.1	$	64.27

Schedule of Nonvested Restricted Stock Units Activity

A summary of all nonvested stock and restricted stock units activity for the year ended December 31, 2014, is as follows (shares in thousands):

	Shares Outstanding		Weighted Average Grant Date Fair Value
Balance, December 31, 2013	891.9		$	32.02
Granted	662.2		30.27
Vested	(280.6	)	28.97
Forfeited	(136.3	)	33.13
Balance, December 31, 2014	1,137.2		$	32.26

Schedule of Nonvested Share Activity

The weighted-average grant date fair value of all nonvested shares and restricted stock units granted, the total fair value (in millions) of all nonvested shares and restricted stock units granted, and the fair value (in millions) of all nonvested shares and restricted stock units that have vested during each of the past three years is as follows:

	Year Ended
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Weighted-average grant date fair value of nonvested shares granted	$	30.27	$	34.83	$	29.65
Fair value of nonvested shares granted	$	20.0	$	10.5	$	9.1
Fair value of shares vested	$	8.1	$	6.2	$	7.0

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General

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

General

General

General Cable Corporation (the Company) is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company sells copper, aluminum and fiber optic wire and cable products worldwide. In 2014, the Company reorganized its reportable segments as a result of a change to what the chief operating decision maker uses to measure profitability and allocate resources. Accordingly, the Company analyzes its worldwide operations based on four geographical segments: North America, Europe, Latin America, and Africa/Asia Pacific. Additional financial information regarding the segments appears in Note 18 - Segment Information. As of December 31, 2014, General Cable operated 48 manufacturing facilities in 22 countries with regional distribution centers around the world in addition to the corporate headquarters in Highland Heights, Kentucky.

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Redeemable Noncontrolling Interest (Rollforward) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Increase (Decrease) in Temporary Equity [Roll Forward]
Beginning balance	$ 17.0	$ 18.6
Foreign currency translation	(3.2)	(1.6)
Ending balance	$ 13.8	$ 17.0

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Acquisitions and Divestitures (Assets Acquired and Liability Assumed - Prestolite) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Nov. 02, 2012
Business Acquisition [Line Items]
Intangible assets	$ 64.4	$ 52.1
Goodwill	26.1	184.6	187.6
Prestolite [Member]
Business Acquisition [Line Items]
Cash				0.7
Accounts receivable				22.7	[1]
Inventories				17.3
Property, plant and equipment				24.6
Intangible assets				11.7
Goodwill				7.8
Other current and noncurrent assets				2.0
Total Assets				86.8
Current liabilities				20.1
Other liabilities				7.2
Total liabilities				$ 27.3

[1] Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

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Supplemental Guarantor Condensed Financial Information (Condensed Statements Of Operations and Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 26, 2014	Jun. 27, 2014	Mar. 28, 2014	Dec. 31, 2013	Sep. 27, 2013	Jun. 28, 2013	Mar. 29, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	$ 1,546.7	$ 1,471.7	$ 1,531.3	$ 1,430.1	$ 1,661.3	$ 1,557.1	$ 1,659.1	$ 1,543.7	$ 5,979.8	$ 6,421.2	$ 6,059.5
Cost of sales									5,586.6	5,717.5	5,434.6
Gross profit	102.7	26.6	131.8	132.1	193.8	160.2	192.8	156.9	393.2	703.7	624.9
Goodwill impairment charge									155.1	0	0
Intangible asset impairment charges									98.8	0	0
Selling, general and administrative expenses									450.7	492.0	425.5
Operating income (loss)									(311.4)	211.7	199.4
Other income (expense)									(212.9)	(66.7)	(2.9)
Interest expense									(116.3)	(124.9)	(106.8)
Interest income									4.5	6.9	6.5
Loss on extinguishment of debt									0	0	(9.3)
Interest income (expense), total									(111.8)	(118.0)	(109.6)
Income (loss) before income taxes									(636.1)	27.0	86.9
Income tax (provision) benefit									(8.3)	(38.8)	(78.6)
Equity in net earnings of affiliated companies and subsidiaries									1.4	1.7	1.7
Net income (loss) including noncontrolling interest									(643.0)	(10.1)	10.0
Less: preferred stock dividends									0	0.3	0.3
Less: net income (loss) attributable to noncontrolling interest									(15.4)	7.7	5.7
Net income (loss) attributable to Company common shareholders	(163.2)	(124.2)	(24.8)	(315.4)	13.8	5.7	8.2	(45.8)	(627.6)	(18.1)	4.0
Comprehensive income (loss):
Net income (loss)									(643.0)	(10.1)	10.0
Currency translation gain (loss)									(97.3)	(46.9)	9.9
Defined benefit plan adjustments, net of tax									(25.7)	32.0	(21.3)
Change in fair value of derivatives, net of tax									0	0.3	6.0
Other, net of tax									(7.6)	0	0
Comprehensive income (loss), net of tax									(773.6)	(24.7)	4.6
Comprehensive income (loss) attributable to noncontrolling interest, net of tax									5.3	0.6	7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax									(778.9)	(25.3)	(2.9)
Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									5,979.8	6,421.2	6,059.5
Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									0	0	0
Parent Company [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									58.8	56.0	54.4
Cost of sales									0	0	0
Gross profit									58.8	56.0	54.4
Goodwill impairment charge									0
Intangible asset impairment charges									0
Selling, general and administrative expenses									49.9	43.4	41.5
Operating income (loss)									8.9	12.6	12.9
Other income (expense)									(1.5)	0	0
Interest expense									(63.0)	(86.9)	(70.6)
Interest income									55.2	105.1	91.6
Loss on extinguishment of debt											(9.3)
Interest income (expense), total									(7.8)	18.2	11.7
Income (loss) before income taxes									(0.4)	30.8	24.6
Income tax (provision) benefit									0.1	(11.5)	(10.9)
Equity in net earnings of affiliated companies and subsidiaries									(627.3)	(37.1)	(9.4)
Net income (loss) including noncontrolling interest									(627.6)	(17.8)	4.3
Less: preferred stock dividends										0.3	0.3
Less: net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) attributable to Company common shareholders									(627.6)	(18.1)	4.0
Comprehensive income (loss):
Net income (loss)									(627.6)	(17.8)	4.3
Currency translation gain (loss)									(118.0)	(39.2)	8.4
Defined benefit plan adjustments, net of tax									(25.7)	31.8	(21.4)
Change in fair value of derivatives, net of tax										(0.1)	5.8
Other, net of tax									(7.6)
Comprehensive income (loss), net of tax									(778.9)	(25.3)	(2.9)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax									0	0	0
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax									(778.9)	(25.3)	(2.9)
Parent Company [Member] | Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									0	0	0
Parent Company [Member] | Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									58.8	56.0	54.4
Guarantor Subsidiaries [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									2,368.5	2,525.0	2,166.1
Cost of sales									2,103.8	2,244.5	1,903.6
Gross profit									264.7	280.5	262.5
Goodwill impairment charge									0
Intangible asset impairment charges									2.1
Selling, general and administrative expenses									181.3	191.0	152.6
Operating income (loss)									81.3	89.5	109.9
Other income (expense)									5.3	(6.2)	0
Interest expense									(65.7)	(110.7)	(96.1)
Interest income									13.9	15.2	15.5
Loss on extinguishment of debt											0
Interest income (expense), total									(51.8)	(95.5)	(80.6)
Income (loss) before income taxes									34.8	(12.2)	29.3
Income tax (provision) benefit									(11.4)	13.8	(11.0)
Equity in net earnings of affiliated companies and subsidiaries									(650.7)	(38.7)	(27.7)
Net income (loss) including noncontrolling interest									(627.3)	(37.1)	(9.4)
Less: preferred stock dividends										0	0
Less: net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) attributable to Company common shareholders									(627.3)	(37.1)	(9.4)
Comprehensive income (loss):
Net income (loss)									(627.3)	(37.1)	(9.4)
Currency translation gain (loss)									(118.0)	(39.2)	7.6
Defined benefit plan adjustments, net of tax									(25.7)	31.8	(21.4)
Change in fair value of derivatives, net of tax										(0.1)	5.8
Other, net of tax									(7.6)
Comprehensive income (loss), net of tax									(778.6)	(44.6)	(17.4)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax									0	0	0
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax									(778.6)	(44.6)	(17.4)
Guarantor Subsidiaries [Member] | Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									2,064.9	2,233.0	2,015.8
Guarantor Subsidiaries [Member] | Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									303.6	292.0	150.3
Non-Guarantor Subsidiaries [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									4,115.2	4,469.6	4,364.3
Cost of sales									3,986.7	4,046.4	4,001.9
Gross profit									128.5	423.2	362.4
Goodwill impairment charge									155.1
Intangible asset impairment charges									96.7
Selling, general and administrative expenses									278.3	313.6	285.8
Operating income (loss)									(401.6)	109.6	76.6
Other income (expense)									(216.7)	(60.5)	(2.9)
Interest expense									(57.0)	(48.1)	(48.0)
Interest income									4.8	7.4	7.3
Loss on extinguishment of debt											0
Interest income (expense), total									(52.2)	(40.7)	(40.7)
Income (loss) before income taxes									(670.5)	8.4	33.0
Income tax (provision) benefit									3.0	(41.1)	(56.7)
Equity in net earnings of affiliated companies and subsidiaries									0.8	0.8	1.2
Net income (loss) including noncontrolling interest									(666.7)	(31.9)	(22.5)
Less: preferred stock dividends										0	0
Less: net income (loss) attributable to noncontrolling interest									(15.4)	7.7	5.7
Net income (loss) attributable to Company common shareholders									(651.3)	(39.6)	(28.2)
Comprehensive income (loss):
Net income (loss)									(666.7)	(31.9)	(22.5)
Currency translation gain (loss)									(61.0)	(55.8)	5.1
Defined benefit plan adjustments, net of tax									(12.4)	12.3	(20.0)
Change in fair value of derivatives, net of tax										0.3	2.8
Other, net of tax									0
Comprehensive income (loss), net of tax									(740.1)	(75.1)	(34.6)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax									5.3	0.6	7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax									(745.4)	(75.7)	(42.1)
Non-Guarantor Subsidiaries [Member] | Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									3,914.9	4,188.2	4,043.7
Non-Guarantor Subsidiaries [Member] | Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									200.3	281.4	320.6
Eliminations [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									(562.7)	(629.4)	(525.3)
Cost of sales									(503.9)	(573.4)	(470.9)
Gross profit									(58.8)	(56.0)	(54.4)
Goodwill impairment charge									0
Intangible asset impairment charges									0
Selling, general and administrative expenses									(58.8)	(56.0)	(54.4)
Operating income (loss)									0	0	0
Other income (expense)									0	0	0
Interest expense									69.4	120.8	107.9
Interest income									(69.4)	(120.8)	(107.9)
Loss on extinguishment of debt											0
Interest income (expense), total									0	0	0
Income (loss) before income taxes									0	0	0
Income tax (provision) benefit									0	0	0
Equity in net earnings of affiliated companies and subsidiaries									1,278.6	76.7	37.6
Net income (loss) including noncontrolling interest									1,278.6	76.7	37.6
Less: preferred stock dividends										0	0
Less: net income (loss) attributable to noncontrolling interest									0	0	0
Net income (loss) attributable to Company common shareholders									1,278.6	76.7	37.6
Comprehensive income (loss):
Net income (loss)									1,278.6	76.7	37.6
Currency translation gain (loss)									199.7	87.3	(11.2)
Defined benefit plan adjustments, net of tax									38.1	(43.9)	41.5
Change in fair value of derivatives, net of tax										0.2	(8.4)
Other, net of tax									7.6
Comprehensive income (loss), net of tax									1,524.0	120.3	59.5
Comprehensive income (loss) attributable to noncontrolling interest, net of tax									0	0	0
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax									1,524.0	120.3	59.5
Eliminations [Member] | Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									0	0	0
Eliminations [Member] | Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales									$ (562.7)	$ (629.4)	$ (525.3)

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Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedges, Assets [Abstract]

Notional Amounts And Fair Values Of Derivatives Designated As Cash Flow Hedges And Derivatives Not Designated As Cash Flow Hedges

The notional amounts and fair values of derivatives designated as cash flow hedges and derivatives not designated as cash flow hedges at December 31, 2014 and December 31, 2013 are shown below (in millions).

	December 31, 2014						December 31, 2013
	Notional		Fair Value				Notional		Fair Value
(in millions)	Amount		Asset (1)		Liability (2)		Amount		Asset (1)		Liability (2)
Derivatives not designated as cash flow hedges:
Commodity futures	$	106.4	$	0.5	$	3.9	$	173.7	$	1.2	$	7.6
Foreign currency exchange	154.7		$	4.9	4.2		223.2		6.0		1.7
			$	5.4	$	8.1			$	7.2	$	9.3

(1) Balance recorded in “Prepaid expenses and other” and “Other non-current assets”

(2) Balance recorded in “Accrued liabilities” and “Other liabilities”

Gain And Loss On The Derivative Representing Either Hedge Ineffectiveness Or Hedge Components Excluded From The Assessment Of Effectiveness

	Year ended December 31, 2013
	Effective portion recognized in Accumulated OCI			Reclassified from Accumulated OCI
(in millions)	Gain / (Loss)			Gain / (Loss)			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.1		$	(0.1	)	Interest Expense
Commodity futures	(1.3		)	(1.9		)	Cost of Sales
Total	$	(1.2	)	$	(2.0	)

	Year ended December 31, 2012
	Effective portion recognized in Accumulated OCI			Reclassified from Accumulated OCI			Ineffective portion and amount excluded from effectiveness testing
(in millions)	Gain / (Loss)			Gain / (Loss)			Gain / (Loss) (1)			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.3		$	—		$	—		Interest Expense
Commodity futures	4.8			(3.3		)	(0.3		)	Cost of Sales
Foreign currency exchange	(0.2		)	(1.1		)	—			Other income /(expense)
Total	$	4.9		$	(4.4	)	$	(0.3	)

(1) The ineffective portion and the amount excluded from effectiveness testing for all derivatives designated as cash flow hedges is recognized in other income and expense.

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Fair Value Disclosure

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value Disclosure

Fair Value Disclosure

The fair market values of the Company’s financial instruments are determined based on the fair value hierarchy as discussed in ASC 820 - Fair Value Measurements.

The Company carries derivative assets and liabilities (Level 2) and marketable equity securities (Level 1) held in the rabbi trust as part of the Company’s Deferred Compensation Plan at fair value. The fair values of derivative assets and liabilities traded in the over-the-counter market are determined using quantitative models that require the use of multiple market inputs including interest rates, prices and indices to generate pricing and volatility factors, which are used to value the position. The predominance of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Marketable equity securities are recorded at fair value, which are based on quoted market prices.

Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in millions).

	Fair Value Measurement
	December 31, 2014								December 31, 2013
(in millions)	Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3		Fair Value
Assets:
Derivative assets	$	—	$	5.4	$	—	$	5.4	$	—	$	7.2	$	—	$	7.2
Equity securities	22.1		—		—		22.1		22.2		—		—		22.2
Total Assets	$	22.1	$	5.4	$	—	$	27.5	$	22.2	$	7.2	$	—	$	29.4
Liabilities:
Derivative liabilities	$	—	$	8.1	$	—	$	8.1	$	—	$	9.3	$	—	$	9.3
Total liabilities	$	—	$	8.1	$	—	$	8.1	$	—	$	9.3	$	—	$	9.3

At December 31, 2014, there were no material financial assets or financial liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

During the first quarter of 2014, the Company recognized a goodwill impairment charge of $155.1 million and an impairment charge of $93.4 million for the indefinite-lived trade name associated with the PDIC reporting unit. In addition, the Company recognized asset-related charges of $29.3 million related to the Company long-lived assets in Venezuela, $117.5 million related to the July 2014 restructuring plan and $13.1 million for the closure of the Brazil aluminum rod mill manufacturing plant in the year ended December 31, 2014.

To determine the fair value for the above assets, the Company considered appraisals, including discounted cash flows expected to result from the use and eventual disposition of the assets, utilizing standard valuation approaches, which incorporate Level 3 inputs. To determine the fair value of the asset groups, the Company employed both income and market-based approaches.  See Note 3 - Restructuring and Review of Strategic Alternatives and Operational Structure, Note 7 - Property, Plant and Equipment and Note 8 - Goodwill and Other Intangibles for additional details.

Similarly, there were no other nonfinancial assets or nonfinancial liabilities measured at fair value on a non-recurring basis.

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Unconsolidated Affiliated Companies

12 Months Ended

Dec. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Unconsolidated Affiliated Companies

Unconsolidated Affiliated Companies

Unconsolidated affiliated companies are those in which the Company generally owns less than 50 percent of the outstanding voting shares. The Company does not control these companies and accounts for its investments in them on the equity method basis. The unconsolidated affiliated companies primarily manufacture or market wire and cable products in our Latin America and Africa/Asia Pacific segments. As of December 31, 2014 and 2013, the Company has recorded on its Consolidated Balance Sheets an investment in unconsolidated affiliated companies of $17.5 million and $19.0 million, respectively. The Company’s share of the income of these companies is reported in the Consolidated Statements of Operations and Comprehensive Income (Loss) under “Equity in net earnings of affiliated companies.” In 2014, 2013 and 2012, equity in net earnings of affiliated companies was $1.4 million, $1.7 million, and $1.7 million, respectively. As of December 31, 2014, the Company’s ownership percentage was as follows: PDTL Trading Company Ltd. 49%, Colada Continua Chilean, S.A. 41%, Nostag GmBH & Co. KG 33%, Pakistan Cables Limited 24.6%, Keystone Electric Wire & Cable Co., Ltd. 20% and Thai Copper Rod Company Ltd. 18%.

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Employee Benefit Plans (Weighted Average Assumption Used in Determining Benefit Obligation) (Details)	Dec. 31, 2014	Dec. 31, 2013
U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.02%	4.85%
Expected rate of increase in future compensation levels	2.50%	2.00%
Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	3.02%	4.36%
Expected rate of increase in future compensation levels	3.45%	3.85%

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Summary of Significant Accounting Policies (Use of Estimates) (Details) (European Segment [Member], Submarine Turnkey Project [Member], USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2014
Segment Reporting Information [Line Items]
Reduction to gross profit	$ (27.5)
Germany [Member]
Segment Reporting Information [Line Items]
Reduction to gross profit	(20.8)	18.3
Expenses for ongoing project	13.3
Reduction in margin	$ 7.5

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

For financial reporting purposes, income before income taxes includes the following components (in millions):

	Year Ended
	Dec 31, 2014			Dec 31, 2013		Dec 31, 2012
United States	$	(5.1	)	$	2.0	$	38.4
Foreign	(631.0		)	25.0		48.5
Total	$	(636.1	)	$	27.0	$	86.9

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes consisted of the following (in millions):

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Current tax expense (benefit):
Federal	$	(7.4	)	$	(11.5	)	$	12.0
State	0.5			(0.2		)	3.4
Foreign	29.6			51.9			52.6
Deferred tax expense (benefit):
Federal	15.1			9.0			5.7
State	0.7			(0.6		)	(0.6		)
Foreign	(30.2		)	(9.8		)	5.5
Total	$	8.3		$	38.8		$	78.6

Schedule of Effective Income Tax Rate Reconciliation

The reconciliation of reported income tax expense (benefit) to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income is as follows (in millions):

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Income tax expense (benefit) at Federal statutory tax rate	$	(222.6	)	$	9.4		$	30.4
Foreign tax rate differential	29.0			(5.1		)	(0.2		)
Foreign withholding tax and surcharges	5.8			7.3			4.7
Change in valuation allowance	98.1			24.8			31.2
Change in uncertain tax positions	(10.0		)	9.2			11.7
Nondeductible / nontaxable items(1)	100.3			(6.8		)	(0.3		)
Other (net)	7.7			—			1.1
Total	$	8.3		$	38.8		$	78.6

^{(1) For the year ended December 31, 2014, the major components consist of $40.5 million for goodwill impairments, $8.4 million for the FCPA accrual and $78.1 million for Venezuela devaluation and functional currency adjustments, partially offset by $32.9 million for Venezuela inflation adjustments.}

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities were as follows (in millions):

	Dec 31, 2014			Dec 31, 2013
Deferred tax assets:
Net operating loss carryforwards	$	117.9		$	98.3
Pension and retiree benefits accruals	44.7			33.0
Inventory	9.3			12.8
Depreciation and fixed assets	13.6			12.0
Tax credit carryforwards	9.8			9.3
Other liabilities	72.3			67.7
Valuation allowance	(145.4		)	(93.8		)
Total deferred tax assets	122.2			139.3
Deferred tax liabilities:
Convertible debt discount	186.2			165.7
Inventory	1.8			1.2
Depreciation and fixed assets	43.2			87.4
Intangibles	13.5			42.8
Other	12.2			11.0
Total deferred tax liabilities	256.9			308.1
Net deferred tax assets (liabilities)	$	(134.7	)	$	(168.8	)

Summary of Income Tax Examinations

The Company has recognized deferred tax assets of approximately $15 million for tax loss carryforwards in various taxing jurisdictions as follows (in millions):

	Tax Loss
Jurisdiction	Carryforward		Expiration
United States	$	20.1	2033-2034
New Zealand	8.1		Indefinite
France	13.0		Indefinite
Others	5.5		Various
Total	$	46.7

Summary of Income Tax Contingencies

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for the year:

(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Unrecognized Tax Benefit — Beginning balance	$	57.7		$	64.2		$	58.8
Gross Increases — Tax Positions in Prior Period	1.6			0.8			3.4
Gross Decreases — Tax Positions in Prior Period	(0.7		)	(0.9		)	(4.2		)
Gross Increases — Tax Positions in Current Period	7.3			8.9			15.1
Dispositions	(0.9		)	—			—
Settlements	(0.4		)	(4.5		)	—
Lapse of Statute of Limitations	(12.9		)	(3.6		)	(9.6		)
Foreign Currency Translation	(19.8		)	(7.2		)	0.7
Unrecognized Tax Benefit — Ending Balance	$	31.9		$	57.7		$	64.2

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Venezuelan Operations

12 Months Ended

Dec. 31, 2014

International Operations [Abstract]

Venezuelan Operations

Venezuelan Operations

2013 Devaluation and other 2013 government actions

The Venezuelan government has maintained currency controls and a fixed official exchange rate since February 2003. The Commission for the Administration of Foreign Exchange (“CADIVI”) until recently controlled the sale and purchase of foreign currency in Venezuela. In 2011, CADIVI established an official exchange rate of 4.30 BsF to 1 U.S. dollar ("U.S. Dollar") (the “prior official rate”). On February 13, 2013, the Venezuelan government announced the devaluation of its currency from 4.30 BsF per U.S. dollar to 6.30 BsF per U.S. dollar (the “official rate”). The functional currency of the Company’s subsidiary in Venezuela is the U.S. dollar.  Due to the impact of the devaluation on February 13, 2013, the Company recorded a pre-tax charge of $40.9 million in the year ended December 31, 2013 primarily related to the remeasurement of the local Venezuelan balance sheet on the date of the devaluation at the 6.30 BsF per U.S. dollar rate.  At December 31, 2013, the Company was still able to import copper at the official rate. In 2013, the Company remeasured the monetary assets and liabilities denominated in bolivars of its Venezuelan subsidiary at the official rate.

In March 2013, the Venezuelan government announced the creation of a new alternative currency exchange system authorizing certain companies that operate in designated industry sectors to exchange a limited volume of bolivars for dollars at a bid rate established via weekly auctions under the Complementary System of Foreign Currency Acquirement (“SICAD 1”). These auctions began weekly in October 2013 and the Central Bank of Venezuela began publishing the average exchange rate resulting from the weekly SICAD 1 auctions in December 2013.

First quarter 2014 devaluation and first quarter 2014 government actions

On January 24, 2014, the Venezuelan government announced the establishment of a dual exchange rate system. A rate of 6.30 BsF per U.S. dollar will be applied to priority sectors, while other sectors of the economy are eligible to apply an exchange rate determined based on the results of the Venezuelan central bank’s system of weekly SICAD 1 currency auctions to a wider range of transactions. In addition, on January 24, 2014, the Venezuelan government issued Exchange Agreement No. 25, which stated that the rate of exchange established in the most recent SICAD 1 auction would be used for payments related to foreign investments, royalties and the use and exploitation of patents, trademarks, licenses, franchises and technology. In January 2014, the Venezuelan government also announced the replacement of CADIVI with a new foreign currency administration, the National Center for Foreign Commerce (CENCOEX). An entity may seek approval to transact through the CENCOEX mechanism at the official rate; however, we understand that certain transactions may be approved at the latest published SICAD 1 rate depending on an entity’s facts and circumstances.

On February 19, 2014, the Venezuelan government announced plans for another currency exchange mechanism (“SICAD 2”) which allows authorized foreign exchange operators, such as regulated banks and capital market brokers, to act as intermediaries in the sale of acquisitions of foreign currency. The SICAD 2 rate was intended to more closely resemble a market-driven exchange rate compared to the rates provided by Venezuela’s other regulated exchange mechanisms. SICAD 2 became effective on March 24, 2014 and the approximate SICAD 2 rate at December 31, 2014 was 50 BsF per U.S. dollar.

After consultation with Venezuelan legal counsel, management had determined in the first quarter of 2014 that “foreign investments” in Exchange Agreement No. 25 should be interpreted to mean that future dividend remittances would be transacted at the exchange rate established through the SICAD 1 auction process, and should be used as the exchange rate required to remeasure the Company’s net monetary assets, after giving consideration to the U.S. dollar-denominated payables noted above which the Company expects the Venezuelan government to approve and settle by using U.S. dollars obtained at the official rate.

Effective in the first quarter the Company expected that the majority of its Venezuelan subsidiary’s net monetary assets would have been remeasured at the SICAD 1 rate since that is the rate the Company believed, would have been applicable for future dividend remittances. In applying the March 28, 2014 SICAD 1 exchange rate of 10.8 BsF per U.S. dollar to certain of its monetary assets and liabilities, the Company recorded a devaluation charge of $83.1 million for the year ended December 31, 2014 which was included in Other income (expense) within the Consolidated Statements of Operations and Comprehensive Income (Loss).

The Company participated in two SICAD 1 auctions in the second quarter of 2014. The Company was successful in one of the two auctions and was awarded and granted payment for $15.2 million for the purchase of copper pounds.

At March 28, 2014, the Company did not intend to utilize the SICAD 2 foreign exchange mechanism at the prevailing exchange rates. The Company assessed a number of factors, including the limited number of SICAD 2 auctions held to date at the time, the Company’s ability to access the SICAD 2 exchange at that date, the restrictions placed on eligible participants, the amount of U.S. dollars available for purchase through the auction process, and the historical lack of official information about the resulting SICAD 2 rate at that date.  At that time, based upon its assessment, the Company did not believe it would be appropriate to use rates from the SICAD 2 exchange system for financial reporting purposes. 

In addition to the aforementioned exchange controls, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which restricts the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels.

Fourth quarter 2014 devaluation and fourth quarter 2014 government actions

As of December 31, 2014, given increased uncertainties and lack of liquidity, the Company determined the SICAD 2 floating auction rate would be the appropriate rate to use for financial reporting purposes. As of December 30, 2014, the Venezuela President took over the Central Bank's exchange mechanisms, removing the head of the CENCOEX. In addition, the SICAD 1 auctions have been increasingly restricted. The Company, in one SICAD 1 auction, was awarded $11.2 million for the purchase of copper pounds in the fourth quarter of 2014; however, as of December 31, 2014 the $11.2 million awarded had not been authorized for payment. There have been no companies that have been authorized for payment since October that were awarded U.S. dollars through the SICAD 1 auctions. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels.

As of December 31, 2014, the Company has not participated in the SICAD 2 auctions, given the low dollar values awarded are generally not sufficient to purchase needed quantities of copper pounds. However, to maintain liquidity the Company intended to participate in future auctions. Although there were uncertainties related to the SICAD 2 auctions, at December 31, 2014 the Company believed the SICAD 2 floating rate would be applicable for future dividend remittances.

As of December 31, 2014, the Company used the SICAD 2 rate of approximately 50 BsF per U.S. dollar to remeasure all of its BsF-denominated assets and liabilities of its Venezuelan subsidiary. In applying the December 31, 2014 SICAD 2 exchange rate of 50 BsF per U.S. dollar to certain of its monetary assets and liabilities, the Company recorded a devaluation charge of $90.2 million for the year ended December 31, 2014 which was included in Other income (expense) within the Consolidated Statements of Operations and Comprehensive Income (Loss).

Other Venezuela accounting considerations

In the first quarter of 2014, due to the estimated decline in operating results of the Venezuelan subsidiary related to the Venezuelan government's new foreign exchange laws, price controls and social unrest, the Company recognized a goodwill impairment charge of $155.1 million and an impairment charge of $93.4 million for the indefinite-lived trade name associated with the PDIC reporting unit in the year ended December 31, 2014. See Note 8 - Goodwill and Other Intangible Assets for additional information.

In the fourth quarter of 2014, due to the change in the rate used to remeasure the financial statements of the Venezuelan subsidiary(from SICAD 1 to SICAD 2), the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels; therefore, the Company recognized an impairment charge of $29.3 million related to the long-lived assets. See Note 7 - Property, Plant and Equipment for additional information.

In the fourth quarter of 2014, the Venezuelan government's default risk increased substantially as external finances continued to deteriorate due to the strong decrease in oil prices and downgrade in the credit rating. Based on the increased default risk and the downgrade in the credit rating the Company recognized a $10.3 million charge for the long-term value added tax receivable from the Venezuelan government.

During 2014, the Venezuelan entity recorded $9.5 million of lower of cost or market charges. See Note 6 - Inventories for additional information.

2014 Venezuela results

During the years ended December 31, 2014 and 2013, the Company settled $5.7 million and $55.9 million of U.S. dollar denominated intercompany payables and accounts payable in Venezuela, respectively. In the year ended December 31, 2014, $4.9 million was authorized at the official rate and $0.8 million was authorized at the 4.30 BsF per U.S. dollar rate. There were approximately $44.3 million of U.S. dollar payables which the Company expects to settle at the SICAD 2 rate as of December 31, 2014. For the year ended December 31, 2013 settlements were made at the rate of 4.30 BsF per U.S. dollar on U.S. dollar denominated intercompany payables and accounts payable. Settlements were made at the rate of of 4.30 BsF per U.S. dollar on U.S. dollar denominated intercompany payables and accounts payable in the year ended December 31, 2013 because the authorization for copper imports was submitted prior to the devaluation on February 13, 2013. For the year ended December 31, 2012, all transactions were settled at the 4.30 BsF per U.S. dollar rate, the official rate during this time.

At December 31, 2014 and 2013, the Company’s total assets in Venezuela were approximately $43 million and $367 million and total liabilities were approximately $51 million and $103 million, respectively. At December 31, 2014 and 2013, included within total assets were BsF denominated monetary assets of approximately $37 million and $238 million, which consisted primarily of approximately $31 million and $194 million of cash, and approximately $2 million and $40 million of accounts receivable, respectively. At December 31, 2014 and 2013, included within total liabilities were BsF denominated monetary liabilities of approximately $7 million and $65 million, which consisted primarily of accounts payable and other accruals.

Sales in Venezuela were 2% and 4% of our consolidated net sales for each of the years ended December 31, 2014 and 2013. Operating loss in Venezuela was 27% of our consolidated operating income loss or the year ended December 31, 2014 and operating income in Venezuela was 31% of our consolidated operating income for the year ended December 31, 2013, respectively. For the year ended December 31, 2014, Venezuela’s sales and cost of goods sold were approximately 100% and 66% BsF denominated and approximately 0% and 34% U.S. dollar denominated, respectively. For the year ended December 31, 2013, Venezuela’s sales and cost of goods sold were approximately 99% and 41% BsF denominated and approximately 1% and 59% U.S. dollar denominated, respectively.

At December 31, 2014, $44.3 million U.S. dollar denominated intercompany payables remained pending over 180 days, which we expected would be settled at the SICAD 2 rate. At December 31, 2013, $37.6 million U.S. dollar denominated intercompany payables remained pending with CADIVI, which were expected to be settled at the 6.30 BsF per U.S. dollar rate. Approximately $22.4 million of the requested settlements had been pending up to 30 days, $15.1 million had been pending up to 180 days, and $0.1 million had pending over 180 days. Currency exchange controls in Venezuela continue to limit our ability to remit funds from Venezuela. We do not consider the net assets of Venezuela to be integral to our ability to service our debt and operational requirements.

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Quarterly Operating Results (Unaudited)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Quarterly Operating Results (Unaudited)

Quarterly Operating Results (Unaudited)

The interim financial information is unaudited. In the opinion of management, the interim financial information reflects all adjustments necessary for a fair presentation of quarterly financial information. Quarterly results have been influenced by seasonal factors inherent in General Cable’s businesses. The sum of the quarters’ earnings per share amounts may not add to full year earnings per share because each quarter is calculated independently, and the sum of the quarters’ other figures may not add to the full year because of rounding. The Company's fiscal quarters consist of 13-week periods ending on the Friday nearest to the end of the calendar months of March, June and September.

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2014
Net sales	$	1,430.1		$	1,531.3		$	1,471.7		$	1,546.7
Gross profit	132.1			131.8			26.6			102.7
Net income (loss) attributable to Company common shareholders	(315.4		)	(24.8		)	(124.2		)	(163.2		)
Net income (loss) attributable to Company common shareholders — for diluted EPS computation	(315.4		)	(24.8		)	(124.2		)	(163.2		)
Earnings (loss) per common share — basic	$	(6.42	)	$	(0.51	)	$	(2.55	)	$	(3.35	)
Earnings (loss) per common share — assuming dilution	$	(6.42	)	$	(0.51	)	$	(2.55	)	$	(3.35	)

	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
2013
Net sales	$	1,543.7		$	1,659.1	$	1,557.1	$	1,661.3
Gross profit	156.9			192.8		160.2		193.8
Net income (loss) attributable to Company common shareholders	(45.8		)	8.2		5.7		13.8
Net income (loss) attributable to Company common shareholders — for diluted EPS computation	(45.8		)	8.3		5.8		13.9
Earnings (loss) per common share — basic	$	(0.92	)	$	0.17	$	0.11	$	0.28
Earnings (loss) per common share — assuming dilution	$	(0.92	)	$	0.16	$	0.11	$	0.27

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Consolidated Statements of Changes in Total Equity (Parenthetical) (USD $)	0 Months Ended	12 Months Ended
	May 20, 2013	Dec. 31, 2014	Dec. 31, 2013
Statement of Stockholders' Equity [Abstract]
Dividends per common share	$ 0.18	$ 0.72	$ 0.54

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Supplemental Guarantor Condensed Financial Information

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Supplemental Guarantor And Parent Company Condensed Financial Information

Supplemental Guarantor Condensed Financial Information

General Cable Corporation (“Parent Company”) and its U.S. 100% wholly-owned subsidiaries (“Guarantor Subsidiaries”) fully and unconditionally guarantee the $600.0 million of 5.75% Senior Notes due in 2022 and the $125.0 million of Senior Floating Rate Notes due in 2015 of the Parent Company on a joint and several basis. The following tables present financial information about the Parent Company, Guarantor Subsidiaries and Non-Guarantor Subsidiaries in millions. Intercompany transactions are eliminated in the "Eliminations" column of the Supplemental Guarantor Condensed Financial Information tables.

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2014

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,064.9		$	3,914.9		$	—		$	5,979.8
Intercompany	58.8			303.6			200.3			(562.7		)	—
	58.8			2,368.5			4,115.2			(562.7		)	5,979.8
Cost of sales	—			2,103.8			3,986.7			(503.9		)	5,586.6
Gross profit	58.8			264.7			128.5			(58.8		)	393.2
Goodwill impairment charge	—			—			155.1			—			155.1
Intangible asset impairment charges	—			2.1			96.7			—			98.8
Selling, general and administrative expenses	49.9			181.3			278.3			(58.8		)	450.7
Operating income (loss)	8.9			81.3			(401.6		)	—			(311.4		)
Other income (expense)	(1.5		)	5.3			(216.7		)	—			(212.9		)
Interest income (expense):
Interest expense	(63.0		)	(65.7		)	(57.0		)	69.4			(116.3		)
Interest income	55.2			13.9			4.8			(69.4		)	4.5
	(7.8		)	(51.8		)	(52.2		)	—			(111.8		)
Income (loss) before income taxes	(0.4		)	34.8			(670.5		)	—			(636.1		)
Income tax (provision) benefit	0.1			(11.4		)	3.0			—			(8.3		)
Equity in net earnings of affiliated companies and subsidiaries	(627.3		)	(650.7		)	0.8			1,278.6			1.4
Net income (loss) including noncontrolling interest	(627.6		)	(627.3		)	(666.7		)	1,278.6			(643.0		)
Less: net income (loss) attributable to noncontrolling interest	—			—			(15.4		)	—			(15.4		)
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(627.3	)	$	(651.3	)	$	1,278.6		$	(627.6	)
Comprehensive income (loss):
Net income (loss)	$	(627.6	)	$	(627.3	)	$	(666.7	)	$	1,278.6		$	(643.0	)
Currency translation gain (loss)	(118.0		)	(118.0		)	(61.0		)	199.7			(97.3		)
Defined benefit plan adjustments, net of tax	(25.7		)	(25.7		)	(12.4		)	38.1			(25.7		)
Other, net of tax	(7.6		)	(7.6		)	—			7.6			(7.6		)
Comprehensive income (loss), net of tax	(778.9		)	(778.6		)	(740.1		)	1,524.0			(773.6		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			5.3			—			5.3
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(778.9	)	$	(778.6	)	$	(745.4	)	$	1,524.0		$	(778.9	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2013

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,233.0		$	4,188.2		$	—		$	6,421.2
Intercompany	56.0			292.0			281.4			(629.4		)	—
	56.0			2,525.0			4,469.6			(629.4		)	6,421.2
Cost of sales	—			2,244.5			4,046.4			(573.4		)	5,717.5
Gross profit	56.0			280.5			423.2			(56.0		)	703.7
Selling, general and administrative expenses	43.4			191.0			313.6			(56.0		)	492.0
Operating income	12.6			89.5			109.6			—			211.7
Other income (expense)	—			(6.2		)	(60.5		)	—			(66.7		)
Interest income (expense):
Interest expense	(86.9		)	(110.7		)	(48.1		)	120.8			(124.9		)
Interest income	105.1			15.2			7.4			(120.8		)	6.9
	18.2			(95.5		)	(40.7		)	—			(118.0		)
Income (loss) before income taxes	30.8			(12.2		)	8.4			—			27.0
Income tax (provision) benefit	(11.5		)	13.8			(41.1		)	—			(38.8		)
Equity in net earnings of affiliated companies and subsidiaries	(37.1		)	(38.7		)	0.8			76.7			1.7
Net income (loss) including noncontrolling interest	(17.8		)	(37.1		)	(31.9		)	76.7			(10.1		)
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			7.7			—			7.7
Net income (loss) attributable to Company common shareholders	$	(18.1	)	$	(37.1	)	$	(39.6	)	$	76.7		$	(18.1	)
Comprehensive income (loss):
Net income (loss)	$	(17.8	)	$	(37.1	)	$	(31.9	)	$	76.7		$	(10.1	)
Currency translation gain (loss)	(39.2		)	(39.2		)	(55.8		)	87.3			(46.9		)
Defined benefit plan adjustments, net of tax	31.8			31.8			12.3			(43.9		)	32.0
Change in fair value of derivatives, net of tax	(0.1		)	(0.1		)	0.3			0.2			0.3
Comprehensive income (loss), net of tax	(25.3		)	(44.6		)	(75.1		)	120.3			(24.7		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			0.6			—			0.6
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(25.3	)	$	(44.6	)	$	(75.7	)	$	120.3		$	(25.3	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2012

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,015.8		$	4,043.7		$	—		$	6,059.5
Intercompany	54.4			150.3			320.6			(525.3		)	—
	54.4			2,166.1			4,364.3			(525.3		)	6,059.5
Cost of sales	—			1,903.6			4,001.9			(470.9		)	5,434.6
Gross profit	54.4			262.5			362.4			(54.4		)	624.9
Selling, general and administrative expenses	41.5			152.6			285.8			(54.4		)	425.5
Operating income	12.9			109.9			76.6			—			199.4
Other income (expense)	—			—			(2.9		)	—			(2.9		)
Interest income (expense):
Interest expense	(70.6		)	(96.1		)	(48.0		)	107.9			(106.8		)
Interest income	91.6			15.5			7.3			(107.9		)	6.5
Loss on extinguishment of debt	(9.3		)	—			—			—			(9.3		)
	11.7			(80.6		)	(40.7		)	—			(109.6		)
Income (loss) before income taxes	24.6			29.3			33.0			—			86.9
Income tax (provision) benefit	(10.9		)	(11.0		)	(56.7		)	—			(78.6		)
Equity in net earnings of affiliated companies and subsidiaries	(9.4		)	(27.7		)	1.2			37.6			1.7
Net income (loss) including noncontrolling interest	4.3			(9.4		)	(22.5		)	37.6			10.0
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			5.7			—			5.7
Net income (loss) attributable to Company common shareholders	$	4.0		$	(9.4	)	$	(28.2	)	$	37.6		$	4.0
Comprehensive income (loss):
Net income (loss)	$	4.3		$	(9.4	)	$	(22.5	)	$	37.6		$	10.0
Currency translation gain (loss)	8.4			7.6			5.1			(11.2		)	9.9
Defined benefit plan adjustments, net of tax	(21.4		)	(21.4		)	(20.0		)	41.5			(21.3		)
Change in fair value of derivatives, net of tax	5.8			5.8			2.8			(8.4		)	6.0
Comprehensive income (loss), net of tax	(2.9		)	(17.4		)	(34.6		)	59.5			4.6
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			7.5			—			7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(2.9	)	$	(17.4	)	$	(42.1	)	$	59.5		$	(2.9	)

Condensed Balance Sheet Information

December 31, 2014

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	1.2		$	204.6	$	—		$	205.8
Receivables, net of allowances	—		273.7			733.3		—			1,007.0
Inventories	—		406.9			611.9		—			1,018.8
Deferred income taxes	—		15.6			16.8		—			32.4
Prepaid expenses and other	1.6		30.6			74.2		—			106.4
Assets held for sale	—		—			25.7		—			25.7
Total current assets	1.6		728.0			1,666.5		—			2,396.1
Property, plant and equipment, net	0.5		209.0			548.9		—			758.4
Deferred income taxes	—		—			24.8		—			24.8
Intercompany accounts	1,280.8		402.4			94.1		(1,777.3		)	—
Investment in subsidiaries	269.9		643.9			—		(913.8		)	—
Goodwill	—		13.8			12.3		—			26.1
Intangible assets, net	—		11.4			53.7		—			65.1
Unconsolidated affiliated companies	—		8.3			9.2		—			17.5
Other non-current assets	12.1		33.7			32.9		—			78.7
Total assets	$	1,564.9	$	2,050.5		$	2,442.4	$	(2,691.1	)	$	3,366.7
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	106.8		$	565.3	$	—		$	672.1
Accrued liabilities	11.2		114.5			281.5		—			407.2
Current portion of long-term debt	125.0		—			278.5		—			403.5
Total current liabilities	136.2		221.3			1,125.3		—			1,482.8
Long-term debt	778.8		136.8			18.3		—			933.9
Deferred income taxes	196.8		(40.9		)	27.1		—			183.0
Intercompany accounts	—		1,374.5			402.8		(1,777.3		)	—
Other liabilities	1.0		88.9			150.1		—			240.0
Total liabilities	1,112.8		1,780.6			1,723.6		(1,777.3		)	2,839.7
Redeemable noncontrolling interest	—		—			13.8		—			13.8
Total Company shareholders’ equity	452.1		269.9			643.9		(913.8		)	452.1
Noncontrolling interest	—		—			61.1		—			61.1
Total liabilities and equity	$	1,564.9	$	2,050.5		$	2,442.4	$	(2,691.1	)	$	3,366.7

Condensed Balance Sheet Information

December 31, 2013

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories	—		438.0			801.6		—			1,239.6
Deferred income taxes	—		23.3			26.9		—			50.2
Prepaid expenses and other	1.9		32.7			91.6		—			126.2
Total current assets	2.1		754.7			2,249.7		—			3,006.5
Property, plant and equipment, net	0.6		231.9			859.5		—			1,092.0
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,305.5		507.7			35.8		(1,849.0		)	—
Investment in subsidiaries	1,050.4		1,332.3			—		(2,382.7		)	—
Goodwill	—		13.7			170.9		—			184.6
Intangible assets, net	—		15.5			167.4		—			182.9
Unconsolidated affiliated companies	—		8.0			11.0		—			19.0
Other non-current assets	13.7		33.8			30.6		—			78.1
Total assets	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	118.5		$	752.1	$	—		$	870.6
Accrued liabilities	13.8		103.9			317.2		—			434.9
Current portion of long-term debt	—		—			250.3		—			250.3
Total current liabilities	13.8		222.4			1,319.6		—			1,555.8
Long-term debt	902.0		225.0			9.6		—			1,136.6
Deferred income taxes	175.2		(19.4		)	78.0		—			233.8
Intercompany accounts	—		1,339.7			509.3		(1,849.0		)	—
Other liabilities	1.1		79.5			175.3		—			255.9
Total liabilities	1,092.1		1,847.2			2,091.8		(1,849.0		)	3,182.1
Redeemable noncontrolling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Noncontrolling interest	—		—			99.6		—			99.6
Total liabilities and equity	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9

Condensed Statement of Cash Flows Information

Year Ended December 31, 2014

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net cash flows of operating activities	$	0.6		$	116.9		$	30.8		$	(15.1	)	$	133.2
Cash flows of investing activities:
Capital expenditures	—			(34.3		)	(55.3		)	—			(89.6		)
Proceeds from properties sold	—			16.6			4.8			—			21.4
Disposal of a subsidiary, net of cash disposed of	—			—			52.4			—			52.4
Intercompany accounts	—			(19.8		)	—			19.8			—
Other	—			(1.6		)	1.4			—			(0.2		)
Net cash flows of investing activities	—			(39.1		)	3.3			19.8			(16.0		)
Cash flows of financing activities:
Dividends paid to shareholders	(35.4		)	—			—			—			(35.4		)
Intercompany accounts	65.0			49.3			(109.6		)	(4.7		)	—
Proceeds from other debt	—			1,406.6			1,283.3			—			2,689.9
Repayments of other debt	—			(1,494.9		)	(1,245.4		)	—			(2,740.3		)
Purchase of noncontrolling interest	—			(1.5		)	0.8			—			(0.7		)
Dividends paid to noncontrolling interest	—			—			(6.2		)	—			(6.2		)
Repurchase of common shares	(30.7		)	—			—			—			(30.7		)
Proceeds from exercise of stock options	0.3			—			—			—			0.3
Net cash flows of financing activities	(0.8		)	(40.5		)	(77.1		)	(4.7		)	(123.1		)
Effect of exchange rate changes on cash and cash equivalents	—			(38.3		)	(167.5		)	—			(205.8		)
Cash held for sale	—			—			(1.3		)	—			(1.3		)
Increase (decrease) in cash and cash equivalents	(0.2		)	(1.0		)	(211.8		)	—			(213.0		)
Cash and cash equivalents — beginning of period	0.2			2.2			416.4			—			418.8
Cash and cash equivalents — end of period	$	—		$	1.2		$	204.6		$	—		$	205.8

Condensed Statement of Cash Flows Information

Year Ended December 31, 2013

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	56.0		$	100.1		$	(117.9	)	$	—	$	38.2
Cash flows of investing activities:
Capital expenditures	(0.3		)	(29.1		)	(59.7		)	—		(89.1		)
Acquisitions, net of cash acquired	—			(2.3		)	(4.6		)	—		(6.9		)
Proceeds from properties sold	—			0.3			0.1			—		0.4
Other	—			(43.7		)	44.7			—		1.0
Net cash flows of investing activities	(0.3		)	(74.8		)	(19.5		)	—		(94.6		)
Cash flows of financing activities:
Dividends paid to shareholders	(27.0		)	—			—			—		(27.0		)
Intercompany accounts	280.0			(306.0		)	26.0			—		—
Proceeds from other debt	—			420.0			1,225.3			—		1,645.3
Repayments of other debt	—			(194.9		)	(1,162.7		)	—		(1,357.6		)
Settlement of long term debt including fees and expenses	(355.0		)	—			—			—		(355.0		)
Purchase of noncontrolling interest	—			8.2			(12.2		)	—		(4.0		)
Dividends paid to noncontrolling interest	—			—			(5.3		)	—		(5.3		)
Repurchase of common shares	(19.5		)	—			—			—		(19.5		)
Proceeds from exercise of stock options	0.7			—			—			—		0.7
Net cash flows of financing activities	(120.8		)	(72.7		)	71.1			—		(122.4		)
Effect of exchange rate changes on cash and cash equivalents	—			5.4			(30.1		)	—		(24.7		)
Increase (decrease) in cash and cash equivalents	(65.1		)	(42.0		)	(96.4		)	—		(203.5		)
Cash and cash equivalents — beginning of period	65.3			44.2			512.8			—		622.3
Cash and cash equivalents — end of period	$	0.2		$	2.2		$	416.4		$	—	$	418.8

Condensed Statement of Cash Flows Information

Year Ended December 31, 2012

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	55.6		$	58.6		$	158.4		$	—	$	272.6
Cash flows of investing activities:
Capital expenditures	(0.2		)	(25.1		)	(83.3		)	—		(108.6		)
Acquisitions, net of cash acquired	—			(175.3		)	(111.2		)	—		(286.5		)
Return of investment intercompany dividends	—			90.8			(90.8		)	—		—
Proceeds from properties sold	—			0.1			4.4			—		4.5
Other	(29.2		)	(129.0		)	158.5			—		0.3
Net cash flows of investing activities	(29.4		)	(238.5		)	(122.4		)	—		(390.3		)
Cash flows of financing activities:
Preferred stock dividend paid	(0.3		)	—			—			—		(0.3		)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6		)	—			—			—		(0.6		)
Intercompany accounts	(342.1		)	243.5			98.6			—		—
Proceeds from other debt	—			692.5			781.1			—		1,473.6
Repayments of other debt	—			(727.3		)	(833.5		)	—		(1,560.8		)
Issuance of long term debt	600.0			—			—			—		600.0
Settlement of long term debt including fees and expenses	(217.7		)	—			—			—		(217.7		)
Dividends paid to noncontrolling interest	—			—			(3.5		)	—		(3.5		)
Repurchase of common shares	(1.2		)	—			—			—		(1.2		)
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Net cash flows of financing activities	38.2			208.7			42.7			—		289.6
Effect of exchange rate changes on cash and cash equivalents	0.8			6.9			8.6			—		16.3
Increase (decrease) in cash and cash equivalents	65.2			35.7			87.3			—		188.2
Cash and cash equivalents — beginning of period	0.1			8.5			425.5			—		434.1
Cash and cash equivalents — end of period	$	65.3		$	44.2		$	512.8		$	—	$	622.3

Intercompany Activity

The Parent Company and its Guarantor Subsidiaries participate in a cash pooling program. As part of this program, cash balances are generally swept on a daily basis between the Guarantor Subsidiaries’ bank accounts and those of the Parent Company. There are a significant number of the Company’s subsidiaries that participate in this cash pooling arrangement and there are thousands of transactions per week that occur between the Parent Company and Guarantor Subsidiaries, all of which are accounted for through the intercompany accounts.

Parent Company transactions include interest, dividend, tax payments and intercompany sales transactions related to administrative costs incurred by the Parent Company, which are billed to Guarantor Subsidiaries on a cost-plus basis. These costs are reported in the Parent’s “Selling, general and administrative expenses” on the Consolidated Statement of Operations and Comprehensive Income (Loss) Information for the respective period(s). All intercompany transactions are presumed to be settled in cash when they occur and are included in operating activities on the statement of cash flows. Non-operating cash flow changes have been classified as financing activities beginning in 2009.

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below:

	Year ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Beginning Balance	$	1,305.5		$	1,566.7		$	1,210.4
Non-cash transactions
Deferred tax	21.4			7.1			5.9
Equity based awards	13.8			11.7			11.7
Foreign currency and other	5.1			—			(3.4		)
Cash transactions	(65.0		)	(280.0		)	342.1
Ending Balance	$	1,280.8		$	1,305.5		$	1,566.7

Dividends

There were no dividend payments to the Parent Company from the Guarantor Subsidiaries in the twelve months ended December 31, 2014, 2013, and 2012.

Parent Company Long-Term Debt

At December 31, 2014 and 2013, the Parent Company was party to various long-term financing arrangements, as summarized below (in millions):

(in millions)	Dec 31, 2014			Dec 31, 2013
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(259.7		)	(261.5		)
0.875% Convertible Notes due 2013	—			—
Debt discount on 0.875% Convertible Notes due 2013	—			—
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	903.8			902.0
Less current maturities	125.0			—
Parent Company Long-term debt	$	778.8		$	902.0

(in millions)	2015		2016		2017		2018		2019
Debt maturities	$	125.0	$	—	$	—	$	—	$	—

Long-term debt related to the Parent Company is discussed in Note 10 - Long-Term Debt.

Commitments and Contingencies

For contingencies and guarantees related to the Parent Company, refer to Note 10 - Long-Term Debt and Note 19 - Commitments and Contingencies.

XML

Long-Term Debt Long-Term Debt (Schedule of Revolving Credit Facility) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Debt Instrument [Line Items]
Outstanding borrowings	$ 1,337.4		$ 1,386.9
Outstanding letters of credit	75.1
Revolving Credit Facility [Member] | North America [Member]
Debt Instrument [Line Items]
Outstanding borrowings	136.8		225.0
Total credit under facility	1,000.0		1,000.0
Undrawn availability	425.0	[1]	298.4	[1]
Interest rate	2.10%		2.00%
Outstanding letters of credit	58.5		112.7
Original issuance	Jul. 31, 2011		Jul. 31, 2011
Maturity date	Sep. 30, 2018		Sep. 30, 2018
Revolving Credit Facility [Member] | UNITED STATES [Member]
Debt Instrument [Line Items]
Undrawn availability	257.7		102.1
Revolving Credit Facility [Member] | CANADA [Member]
Debt Instrument [Line Items]
Undrawn availability	54.3		53.1
Revolving Credit Facility [Member] | Europe [Member]
Debt Instrument [Line Items]
Undrawn availability	$ 113.0		$ 143.2

[1] Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2014 is $257.7 million, $54.3 million and $113.0 million, respectively. Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 is $102.1 million, $53.1 million and $143.2 million, respectively.

XML

Share-Based Compensation (Nonvested Shares Activity) (Details) (Restricted Stock and Restricted Stock Units (RSUs) [Member], USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Restricted Stock and Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted-average grant date fair value of nonvested shares granted	$ 30.27	$ 34.83	$ 29.65
Fair value of nonvested shares granted	$ 20.0	$ 10.5	$ 9.1
Fair value of shares vested	$ 8.1	$ 6.2	$ 7.0

XML

Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule Of Goodwill And Indefinite-Lived Intangible Assets

The amounts of goodwill and indefinite-lived intangible assets were as follows (in millions):

	Goodwill												Indefinite-lived assets — Trade names
	North America			Latin America			Africa/Asia Pacific			Total			North America			Europe			Latin America			Africa/Asia Pacific			Total
Balance, December 31, 2012	$	13.6		$	91.0		$	83.0		$	187.6		$	2.4		$	0.5		$	93.6		$	39.3		$	135.8
Currency translation and other adjustments	4.0			(2.7		)	(4.3		)	(3.0		)	—			—			(3.5		)	(1.5		)	(5.0		)
Balance, December 31, 2013	$	17.6		$	88.3		$	78.7		$	184.6		$	2.4		$	0.5		$	90.1		$	37.8		$	130.8
Currency translation and other adjustments (1)	(0.6		)	(2.7		)	(0.7		)	(4.0		)	—			(0.1		)	(21.2		)	(13.6		)	(34.9		)
Goodwill and indefinite-lived asset impairment (2)	—			(82.6		)	(71.9		)	(154.5		)	(2.1		)	—			(68.9		)	(24.2		)	(95.2		)
Balance, December 31, 2014	$	17.0		$	3.0		$	6.1		$	26.1		$	0.3		$	0.4		$	—		$	—		$	0.7

(1) $19.4 million and $12.8 million of the currency translation and other adjustment related to the reclassification of the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years in the Latin America and Africa/Asia Pacific segments, respectively,

(2) The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Consolidated Statements of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

Schedule Of Other Intangible Assets, Customer Relationships

The amounts of other intangible assets were as follows (in millions):

	Dec 31, 2014			Dec 31, 2013
Amortized intangible assets:
Amortized intangible assets	$	168.4		$	139.5
Accumulated amortization	(99.8		)	(85.8		)
Foreign currency translation adjustment	(4.2		)	(1.6		)
Total Amortized intangible assets	$	64.4		$	52.1

XML

Supplemental Guarantor Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

Condensed Statements Of Operations

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2014

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,064.9		$	3,914.9		$	—		$	5,979.8
Intercompany	58.8			303.6			200.3			(562.7		)	—
	58.8			2,368.5			4,115.2			(562.7		)	5,979.8
Cost of sales	—			2,103.8			3,986.7			(503.9		)	5,586.6
Gross profit	58.8			264.7			128.5			(58.8		)	393.2
Goodwill impairment charge	—			—			155.1			—			155.1
Intangible asset impairment charges	—			2.1			96.7			—			98.8
Selling, general and administrative expenses	49.9			181.3			278.3			(58.8		)	450.7
Operating income (loss)	8.9			81.3			(401.6		)	—			(311.4		)
Other income (expense)	(1.5		)	5.3			(216.7		)	—			(212.9		)
Interest income (expense):
Interest expense	(63.0		)	(65.7		)	(57.0		)	69.4			(116.3		)
Interest income	55.2			13.9			4.8			(69.4		)	4.5
	(7.8		)	(51.8		)	(52.2		)	—			(111.8		)
Income (loss) before income taxes	(0.4		)	34.8			(670.5		)	—			(636.1		)
Income tax (provision) benefit	0.1			(11.4		)	3.0			—			(8.3		)
Equity in net earnings of affiliated companies and subsidiaries	(627.3		)	(650.7		)	0.8			1,278.6			1.4
Net income (loss) including noncontrolling interest	(627.6		)	(627.3		)	(666.7		)	1,278.6			(643.0		)
Less: net income (loss) attributable to noncontrolling interest	—			—			(15.4		)	—			(15.4		)
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(627.3	)	$	(651.3	)	$	1,278.6		$	(627.6	)
Comprehensive income (loss):
Net income (loss)	$	(627.6	)	$	(627.3	)	$	(666.7	)	$	1,278.6		$	(643.0	)
Currency translation gain (loss)	(118.0		)	(118.0		)	(61.0		)	199.7			(97.3		)
Defined benefit plan adjustments, net of tax	(25.7		)	(25.7		)	(12.4		)	38.1			(25.7		)
Other, net of tax	(7.6		)	(7.6		)	—			7.6			(7.6		)
Comprehensive income (loss), net of tax	(778.9		)	(778.6		)	(740.1		)	1,524.0			(773.6		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			5.3			—			5.3
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(778.9	)	$	(778.6	)	$	(745.4	)	$	1,524.0		$	(778.9	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2013

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,233.0		$	4,188.2		$	—		$	6,421.2
Intercompany	56.0			292.0			281.4			(629.4		)	—
	56.0			2,525.0			4,469.6			(629.4		)	6,421.2
Cost of sales	—			2,244.5			4,046.4			(573.4		)	5,717.5
Gross profit	56.0			280.5			423.2			(56.0		)	703.7
Selling, general and administrative expenses	43.4			191.0			313.6			(56.0		)	492.0
Operating income	12.6			89.5			109.6			—			211.7
Other income (expense)	—			(6.2		)	(60.5		)	—			(66.7		)
Interest income (expense):
Interest expense	(86.9		)	(110.7		)	(48.1		)	120.8			(124.9		)
Interest income	105.1			15.2			7.4			(120.8		)	6.9
	18.2			(95.5		)	(40.7		)	—			(118.0		)
Income (loss) before income taxes	30.8			(12.2		)	8.4			—			27.0
Income tax (provision) benefit	(11.5		)	13.8			(41.1		)	—			(38.8		)
Equity in net earnings of affiliated companies and subsidiaries	(37.1		)	(38.7		)	0.8			76.7			1.7
Net income (loss) including noncontrolling interest	(17.8		)	(37.1		)	(31.9		)	76.7			(10.1		)
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			7.7			—			7.7
Net income (loss) attributable to Company common shareholders	$	(18.1	)	$	(37.1	)	$	(39.6	)	$	76.7		$	(18.1	)
Comprehensive income (loss):
Net income (loss)	$	(17.8	)	$	(37.1	)	$	(31.9	)	$	76.7		$	(10.1	)
Currency translation gain (loss)	(39.2		)	(39.2		)	(55.8		)	87.3			(46.9		)
Defined benefit plan adjustments, net of tax	31.8			31.8			12.3			(43.9		)	32.0
Change in fair value of derivatives, net of tax	(0.1		)	(0.1		)	0.3			0.2			0.3
Comprehensive income (loss), net of tax	(25.3		)	(44.6		)	(75.1		)	120.3			(24.7		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			0.6			—			0.6
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(25.3	)	$	(44.6	)	$	(75.7	)	$	120.3		$	(25.3	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2012

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,015.8		$	4,043.7		$	—		$	6,059.5
Intercompany	54.4			150.3			320.6			(525.3		)	—
	54.4			2,166.1			4,364.3			(525.3		)	6,059.5
Cost of sales	—			1,903.6			4,001.9			(470.9		)	5,434.6
Gross profit	54.4			262.5			362.4			(54.4		)	624.9
Selling, general and administrative expenses	41.5			152.6			285.8			(54.4		)	425.5
Operating income	12.9			109.9			76.6			—			199.4
Other income (expense)	—			—			(2.9		)	—			(2.9		)
Interest income (expense):
Interest expense	(70.6		)	(96.1		)	(48.0		)	107.9			(106.8		)
Interest income	91.6			15.5			7.3			(107.9		)	6.5
Loss on extinguishment of debt	(9.3		)	—			—			—			(9.3		)
	11.7			(80.6		)	(40.7		)	—			(109.6		)
Income (loss) before income taxes	24.6			29.3			33.0			—			86.9
Income tax (provision) benefit	(10.9		)	(11.0		)	(56.7		)	—			(78.6		)
Equity in net earnings of affiliated companies and subsidiaries	(9.4		)	(27.7		)	1.2			37.6			1.7
Net income (loss) including noncontrolling interest	4.3			(9.4		)	(22.5		)	37.6			10.0
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			5.7			—			5.7
Net income (loss) attributable to Company common shareholders	$	4.0		$	(9.4	)	$	(28.2	)	$	37.6		$	4.0
Comprehensive income (loss):
Net income (loss)	$	4.3		$	(9.4	)	$	(22.5	)	$	37.6		$	10.0
Currency translation gain (loss)	8.4			7.6			5.1			(11.2		)	9.9
Defined benefit plan adjustments, net of tax	(21.4		)	(21.4		)	(20.0		)	41.5			(21.3		)
Change in fair value of derivatives, net of tax	5.8			5.8			2.8			(8.4		)	6.0
Comprehensive income (loss), net of tax	(2.9		)	(17.4		)	(34.6		)	59.5			4.6
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			7.5			—			7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(2.9	)	$	(17.4	)	$	(42.1	)	$	59.5		$	(2.9	)

Condensed Balance Sheets

Condensed Balance Sheet Information

December 31, 2014

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	1.2		$	204.6	$	—		$	205.8
Receivables, net of allowances	—		273.7			733.3		—			1,007.0
Inventories	—		406.9			611.9		—			1,018.8
Deferred income taxes	—		15.6			16.8		—			32.4
Prepaid expenses and other	1.6		30.6			74.2		—			106.4
Assets held for sale	—		—			25.7		—			25.7
Total current assets	1.6		728.0			1,666.5		—			2,396.1
Property, plant and equipment, net	0.5		209.0			548.9		—			758.4
Deferred income taxes	—		—			24.8		—			24.8
Intercompany accounts	1,280.8		402.4			94.1		(1,777.3		)	—
Investment in subsidiaries	269.9		643.9			—		(913.8		)	—
Goodwill	—		13.8			12.3		—			26.1
Intangible assets, net	—		11.4			53.7		—			65.1
Unconsolidated affiliated companies	—		8.3			9.2		—			17.5
Other non-current assets	12.1		33.7			32.9		—			78.7
Total assets	$	1,564.9	$	2,050.5		$	2,442.4	$	(2,691.1	)	$	3,366.7
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	106.8		$	565.3	$	—		$	672.1
Accrued liabilities	11.2		114.5			281.5		—			407.2
Current portion of long-term debt	125.0		—			278.5		—			403.5
Total current liabilities	136.2		221.3			1,125.3		—			1,482.8
Long-term debt	778.8		136.8			18.3		—			933.9
Deferred income taxes	196.8		(40.9		)	27.1		—			183.0
Intercompany accounts	—		1,374.5			402.8		(1,777.3		)	—
Other liabilities	1.0		88.9			150.1		—			240.0
Total liabilities	1,112.8		1,780.6			1,723.6		(1,777.3		)	2,839.7
Redeemable noncontrolling interest	—		—			13.8		—			13.8
Total Company shareholders’ equity	452.1		269.9			643.9		(913.8		)	452.1
Noncontrolling interest	—		—			61.1		—			61.1
Total liabilities and equity	$	1,564.9	$	2,050.5		$	2,442.4	$	(2,691.1	)	$	3,366.7

Condensed Balance Sheet Information

December 31, 2013

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories	—		438.0			801.6		—			1,239.6
Deferred income taxes	—		23.3			26.9		—			50.2
Prepaid expenses and other	1.9		32.7			91.6		—			126.2
Total current assets	2.1		754.7			2,249.7		—			3,006.5
Property, plant and equipment, net	0.6		231.9			859.5		—			1,092.0
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,305.5		507.7			35.8		(1,849.0		)	—
Investment in subsidiaries	1,050.4		1,332.3			—		(2,382.7		)	—
Goodwill	—		13.7			170.9		—			184.6
Intangible assets, net	—		15.5			167.4		—			182.9
Unconsolidated affiliated companies	—		8.0			11.0		—			19.0
Other non-current assets	13.7		33.8			30.6		—			78.1
Total assets	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	118.5		$	752.1	$	—		$	870.6
Accrued liabilities	13.8		103.9			317.2		—			434.9
Current portion of long-term debt	—		—			250.3		—			250.3
Total current liabilities	13.8		222.4			1,319.6		—			1,555.8
Long-term debt	902.0		225.0			9.6		—			1,136.6
Deferred income taxes	175.2		(19.4		)	78.0		—			233.8
Intercompany accounts	—		1,339.7			509.3		(1,849.0		)	—
Other liabilities	1.1		79.5			175.3		—			255.9
Total liabilities	1,092.1		1,847.2			2,091.8		(1,849.0		)	3,182.1
Redeemable noncontrolling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Noncontrolling interest	—		—			99.6		—			99.6
Total liabilities and equity	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9

Condensed Statements Of Cash Flows

Condensed Statement of Cash Flows Information

Year Ended December 31, 2014

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net cash flows of operating activities	$	0.6		$	116.9		$	30.8		$	(15.1	)	$	133.2
Cash flows of investing activities:
Capital expenditures	—			(34.3		)	(55.3		)	—			(89.6		)
Proceeds from properties sold	—			16.6			4.8			—			21.4
Disposal of a subsidiary, net of cash disposed of	—			—			52.4			—			52.4
Intercompany accounts	—			(19.8		)	—			19.8			—
Other	—			(1.6		)	1.4			—			(0.2		)
Net cash flows of investing activities	—			(39.1		)	3.3			19.8			(16.0		)
Cash flows of financing activities:
Dividends paid to shareholders	(35.4		)	—			—			—			(35.4		)
Intercompany accounts	65.0			49.3			(109.6		)	(4.7		)	—
Proceeds from other debt	—			1,406.6			1,283.3			—			2,689.9
Repayments of other debt	—			(1,494.9		)	(1,245.4		)	—			(2,740.3		)
Purchase of noncontrolling interest	—			(1.5		)	0.8			—			(0.7		)
Dividends paid to noncontrolling interest	—			—			(6.2		)	—			(6.2		)
Repurchase of common shares	(30.7		)	—			—			—			(30.7		)
Proceeds from exercise of stock options	0.3			—			—			—			0.3
Net cash flows of financing activities	(0.8		)	(40.5		)	(77.1		)	(4.7		)	(123.1		)
Effect of exchange rate changes on cash and cash equivalents	—			(38.3		)	(167.5		)	—			(205.8		)
Cash held for sale	—			—			(1.3		)	—			(1.3		)
Increase (decrease) in cash and cash equivalents	(0.2		)	(1.0		)	(211.8		)	—			(213.0		)
Cash and cash equivalents — beginning of period	0.2			2.2			416.4			—			418.8
Cash and cash equivalents — end of period	$	—		$	1.2		$	204.6		$	—		$	205.8

Condensed Statement of Cash Flows Information

Year Ended December 31, 2013

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	56.0		$	100.1		$	(117.9	)	$	—	$	38.2
Cash flows of investing activities:
Capital expenditures	(0.3		)	(29.1		)	(59.7		)	—		(89.1		)
Acquisitions, net of cash acquired	—			(2.3		)	(4.6		)	—		(6.9		)
Proceeds from properties sold	—			0.3			0.1			—		0.4
Other	—			(43.7		)	44.7			—		1.0
Net cash flows of investing activities	(0.3		)	(74.8		)	(19.5		)	—		(94.6		)
Cash flows of financing activities:
Dividends paid to shareholders	(27.0		)	—			—			—		(27.0		)
Intercompany accounts	280.0			(306.0		)	26.0			—		—
Proceeds from other debt	—			420.0			1,225.3			—		1,645.3
Repayments of other debt	—			(194.9		)	(1,162.7		)	—		(1,357.6		)
Settlement of long term debt including fees and expenses	(355.0		)	—			—			—		(355.0		)
Purchase of noncontrolling interest	—			8.2			(12.2		)	—		(4.0		)
Dividends paid to noncontrolling interest	—			—			(5.3		)	—		(5.3		)
Repurchase of common shares	(19.5		)	—			—			—		(19.5		)
Proceeds from exercise of stock options	0.7			—			—			—		0.7
Net cash flows of financing activities	(120.8		)	(72.7		)	71.1			—		(122.4		)
Effect of exchange rate changes on cash and cash equivalents	—			5.4			(30.1		)	—		(24.7		)
Increase (decrease) in cash and cash equivalents	(65.1		)	(42.0		)	(96.4		)	—		(203.5		)
Cash and cash equivalents — beginning of period	65.3			44.2			512.8			—		622.3
Cash and cash equivalents — end of period	$	0.2		$	2.2		$	416.4		$	—	$	418.8

Condensed Statement of Cash Flows Information

Year Ended December 31, 2012

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	55.6		$	58.6		$	158.4		$	—	$	272.6
Cash flows of investing activities:
Capital expenditures	(0.2		)	(25.1		)	(83.3		)	—		(108.6		)
Acquisitions, net of cash acquired	—			(175.3		)	(111.2		)	—		(286.5		)
Return of investment intercompany dividends	—			90.8			(90.8		)	—		—
Proceeds from properties sold	—			0.1			4.4			—		4.5
Other	(29.2		)	(129.0		)	158.5			—		0.3
Net cash flows of investing activities	(29.4		)	(238.5		)	(122.4		)	—		(390.3		)
Cash flows of financing activities:
Preferred stock dividend paid	(0.3		)	—			—			—		(0.3		)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6		)	—			—			—		(0.6		)
Intercompany accounts	(342.1		)	243.5			98.6			—		—
Proceeds from other debt	—			692.5			781.1			—		1,473.6
Repayments of other debt	—			(727.3		)	(833.5		)	—		(1,560.8		)
Issuance of long term debt	600.0			—			—			—		600.0
Settlement of long term debt including fees and expenses	(217.7		)	—			—			—		(217.7		)
Dividends paid to noncontrolling interest	—			—			(3.5		)	—		(3.5		)
Repurchase of common shares	(1.2		)	—			—			—		(1.2		)
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Net cash flows of financing activities	38.2			208.7			42.7			—		289.6
Effect of exchange rate changes on cash and cash equivalents	0.8			6.9			8.6			—		16.3
Increase (decrease) in cash and cash equivalents	65.2			35.7			87.3			—		188.2
Cash and cash equivalents — beginning of period	0.1			8.5			425.5			—		434.1
Cash and cash equivalents — end of period	$	65.3		$	44.2		$	512.8		$	—	$	622.3

Intercompany Cash And Non-Cash Transactions

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below:

	Year ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Beginning Balance	$	1,305.5		$	1,566.7		$	1,210.4
Non-cash transactions
Deferred tax	21.4			7.1			5.9
Equity based awards	13.8			11.7			11.7
Foreign currency and other	5.1			—			(3.4		)
Cash transactions	(65.0		)	(280.0		)	342.1
Ending Balance	$	1,280.8		$	1,305.5		$	1,566.7

Parent Company Long-Term Financing Arrangements

At December 31, 2014 and 2013, the Parent Company was party to various long-term financing arrangements, as summarized below (in millions):

(in millions)	Dec 31, 2014			Dec 31, 2013
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(259.7		)	(261.5		)
0.875% Convertible Notes due 2013	—			—
Debt discount on 0.875% Convertible Notes due 2013	—			—
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	903.8			902.0
Less current maturities	125.0			—
Parent Company Long-term debt	$	778.8		$	902.0

Parent Company Debt Maturities

(in millions)	2015		2016		2017		2018		2019
Debt maturities	$	125.0	$	—	$	—	$	—	$	—

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Goodwill And Other Intangible Assets (Schedule Of Goodwill And Indefinite-Lived Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended				3 Months Ended
	Dec. 31, 2014		Dec. 31, 2013	Dec. 31, 2012	Mar. 28, 2014	Jun. 27, 2014
Goodwill [Roll Forward]
Goodwill, Beginning balance	$ 184.6		$ 187.6		$ 184.6
Goodwill, Currency translation and other adjustments	(4.0)	[1]	(3.0)
Goodwill, Impairment	(154.5)	[2]
Goodwill, Ending balance	26.1		184.6	187.6
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Impairment	(98.8)		0	0
PDIC [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Impairment	(93.4)				(93.4)
Trade Names [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Beginning balance	130.8		135.8		130.8
Indefinite-lived assets - Trade names, Currency translation and other adjustments	(34.9)	[1]	(5.0)
Indefinite-lived assets - Trade names, Impairment	(95.2)	[2]
Indefinite-lived assets - Trade names, Ending balance	0.7		130.8
North America [Member]
Goodwill [Roll Forward]
Goodwill, Beginning balance	17.6		13.6		17.6
Goodwill, Currency translation and other adjustments	(0.6)	[1]	4.0
Goodwill, Impairment	0	[2]
Goodwill, Ending balance	17.0		17.6
North America [Member] | Trade Names [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Beginning balance	2.4		2.4		2.4
Indefinite-lived assets - Trade names, Currency translation and other adjustments	0	[1]	0
Indefinite-lived assets - Trade names, Impairment	(2.1)	[2]
Indefinite-lived assets - Trade names, Ending balance	0.3		2.4
Europe [Member] | Trade Names [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Beginning balance	0.5		0.5		0.5
Indefinite-lived assets - Trade names, Currency translation and other adjustments	(0.1)	[1]	0
Indefinite-lived assets - Trade names, Impairment	0	[2]
Indefinite-lived assets - Trade names, Ending balance	0.4		0.5
Latin America [Member]
Goodwill [Roll Forward]
Goodwill, Beginning balance	88.3		91.0		88.3
Goodwill, Currency translation and other adjustments	(2.7)	[1]	(2.7)
Goodwill, Impairment	(82.6)	[2]
Goodwill, Ending balance	3.0		88.3
Indefinite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, translation and other adjustments	19.4
Latin America [Member] | PDIC [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Impairment					(69.1)
Latin America [Member] | Trade Names [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Beginning balance	90.1		93.6		90.1
Indefinite-lived assets - Trade names, Currency translation and other adjustments	(21.2)	[1]	(3.5)
Indefinite-lived assets - Trade names, Impairment	(68.9)	[2]
Indefinite-lived assets - Trade names, Ending balance	0		90.1
Latin America [Member] | Trade Names [Member] | PDIC [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, remaining amortization period	10 years					10 years
Africa/Asia Pacific [Member]
Goodwill [Roll Forward]
Goodwill, Beginning balance	78.7		83.0		78.7
Goodwill, Currency translation and other adjustments	(0.7)	[1]	(4.3)
Goodwill, Impairment	(71.9)	[2]
Goodwill, Ending balance	6.1		78.7
Indefinite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, translation and other adjustments	12.8
Africa/Asia Pacific [Member] | PDIC [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Impairment					(24.3)
Africa/Asia Pacific [Member] | Trade Names [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Trade names, Beginning balance	37.8		39.3		37.8
Indefinite-lived assets - Trade names, Currency translation and other adjustments	(13.6)	[1]	(1.5)
Indefinite-lived assets - Trade names, Impairment	(24.2)	[2]
Indefinite-lived assets - Trade names, Ending balance	$ 0		$ 37.8
Africa/Asia Pacific [Member] | Trade Names [Member] | PDIC [Member]
Indefinite-lived Intangible Assets [Roll Forward]
Finite-lived intangible assets, remaining amortization period	10 years

[1] and $12.8 million of the currency translation and other adjustment related to the reclassification of the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years in the Latin America and Africa/Asia Pacific segments, respectively,

[2] The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Consolidated Statements of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

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Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 26, 2014	Jun. 27, 2014	Mar. 28, 2014	Dec. 31, 2013	Sep. 27, 2013	Jun. 28, 2013	Mar. 29, 2013	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Income Statement and Statement of Other Comprehensive Income [Abstract]
Net sales	$ 1,546.7	$ 1,471.7	$ 1,531.3	$ 1,430.1	$ 1,661.3	$ 1,557.1	$ 1,659.1	$ 1,543.7	$ 5,979.8		$ 6,421.2		$ 6,059.5
Cost of sales									5,586.6		5,717.5		5,434.6
Gross profit	102.7	26.6	131.8	132.1	193.8	160.2	192.8	156.9	393.2		703.7		624.9
Selling, general and administrative expenses									450.7		492.0		425.5
Goodwill impairment charge									155.1		0		0
Intangible asset impairment charges									98.8		0		0
Operating income (loss)									(311.4)		211.7		199.4
Other income (expense)									(212.9)		(66.7)		(2.9)
Interest income (expense):
Interest expense									(116.3)		(124.9)		(106.8)
Interest income									4.5		6.9		6.5
Loss on extinguishment of debt									0		0		(9.3)
Interest income (expense), total									(111.8)		(118.0)		(109.6)
Income (loss) before income taxes									(636.1)		27.0		86.9
Income tax provision									(8.3)		(38.8)		(78.6)
Equity in net earnings of affiliated companies									1.4		1.7		1.7
Net income (loss) including noncontrolling interest									(643.0)		(10.1)		10.0
Less: preferred stock dividends									0		0.3		0.3
Less: net income (loss) attributable to noncontrolling interest									(15.4)		7.7		5.7
Net income (loss) attributable to Company common shareholders	(163.2)	(124.2)	(24.8)	(315.4)	13.8	5.7	8.2	(45.8)	(627.6)		(18.1)		4.0
EPS
Earnings (loss) per common share - basic (usd per share)	$ (3.35)	$ (2.55)	$ (0.51)	$ (6.42)	$ 0.28	$ 0.11	$ 0.17	$ (0.92)	$ (12.86)	[1]	$ (0.37)	[1]	$ 0.08	[1]
Weighted average common shares-basic									48.8	[1],[2]	49.4	[1],[2]	49.7	[1],[2]
Earnings (loss) per common share - assuming dilution (usd per share)	$ (3.35)	$ (2.55)	$ (0.51)	$ (6.42)	$ 0.27	$ 0.11	$ 0.16	$ (0.92)	$ (12.86)		$ (0.37)		$ 0.08
Weighted average common shares-assuming dilution									48.8	[2]	49.4	[2]	51.1	[2]
Comprehensive income (loss):
Net income (loss)									(643.0)		(10.1)		10.0
Currency translation gain (loss)									(97.3)		(46.9)		9.9
Defined benefit plan adjustments, net of tax $14.6 million in 2014, $16.8 million in 2013 and $7.3 million in 2012									(25.7)		32.0		(21.3)
Change in fair value of derivatives, net of tax $0.2 million in 2013 and $3.0 million in 2012									0		0.3		6.0
Other, net of tax									(7.6)		0		0
Comprehensive income (loss), net of tax									(773.6)		(24.7)		4.6
Comprehensive income (loss) attributable to noncontrolling interest, net of tax									5.3		0.6		7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax									$ (778.9)		$ (25.3)		$ (2.9)

[1] Under the two class method, Earnings per share — basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

[2] Denominator

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Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Defined Benefit Plan Disclosure [Line Items]

Schedule of Changes in Benefit Obligations

The changes in the benefit obligation and plan assets, the funded status of the plans and the amounts recognized in the Consolidated Balance Sheets are as follows (in millions):

	U.S. Plans						Non-U.S. Plans
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2014			Dec 31, 2013
Changes in Benefit Obligation:
Beginning benefit obligation	$	169.9		$	180.4		$	142.9		$	158.5
Impact of foreign currency exchange rate change	—			—			(16.6		)	(8.9		)
Transfers	—			—			(0.9		)	—
Service cost	1.6			1.9			4.6			6.5
Interest cost	8.0			7.2			5.4			5.9
Curtailment (gain) loss	(0.3		)	—			(0.1		)	—
Settlement (gain) loss	—			—			(5.7		)	(3.7		)
Benefits paid	(10.2		)	(10.1		)	(6.2		)	(5.0		)
Employee contributions	—			—			0.4			0.6
Amendments / Change in assumptions	(0.2		)	(0.1		)	—			(2.3		)
Actuarial (gain) loss	22.2			(9.4		)	27.2			(8.7		)
Ending benefit obligation	$	191.0		$	169.9		$	151.0		$	142.9
Changes in Plan Assets:
Beginning fair value of plan assets	$	142.9		$	129.1		$	51.6		$	46.1
Impact of foreign currency exchange rate change	—			—			(4.4		)	(3.4		)
Transfers	—			—			(1.0		)	—
Employee contributions	—			—			0.4			0.6
Actual return on plan assets	6.1			23.4			4.6			6.3
Company contributions	2.1			0.5			6.5			10.7
Settlements	—			—			(5.7		)	(3.7		)
Benefits paid	(10.2		)	(10.1		)	(6.2		)	(5.0		)
Ending fair value of plan assets	$	140.9		$	142.9		$	45.8		$	51.6
Funded status at end of year	$	(50.1	)	$	(27.0	)	$	(105.2	)	$	(91.3	)
Amounts Recognized in Consolidated Balance Sheets:
Other Assets	$	—		$	—		$	2.8		$	6.3
Accrued liabilities	$	(0.4	)	$	(0.4	)	$	(5.0	)	$	(5.2	)
Other liabilities	$	(49.7	)	$	(26.6	)	$	(103.0	)	$	(92.4	)
Recognized in Accumulated Other Comprehensive Income:
Net actuarial loss	$	77.3		$	55.4		$	37.4		$	17.1
Prior service cost	(0.3		)	0.4			3.4			5.7
Transition obligation	—			—			0.2			0.3
	$	77.0		$	55.8		$	41.0		$	23.1

Schedule of Accumulated Benefit Obligations

Pension plans with accumulated benefit obligations in excess of plan assets consist of the following (in millions):

	U.S. Plans				Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2014		Dec 31, 2013
Projected benefit obligation	$	191.0	$	169.9	$	134.3	$	115.4
Accumulated benefit obligation	190.1		169.4		122.6		104.5
Fair value of the plan assets	140.9		142.9		44.8		49.6

Schedule of Pension Expense

Pension expense included the following components (in millions):

	U.S. Plans Year ended									Non-U.S. Plans Year ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012			Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Pension expense:
Service cost	$	1.6		$	1.9		$	1.8		$	4.6		$	6.5		$	4.3
Interest cost	8.0			7.2			7.7			5.4			5.9			6.1
Expected return on plan assets	(10.4		)	(9.4		)	(9.1		)	(3.1		)	(2.7		)	(2.0		)
Amortization of prior service cost	0.1			0.1			0.1			0.9			1.2			1.4
Amortization of net loss	4.8			8.5			8.3			0.3			1.2			1.2
Amortization of transition obligation	—			—			—			0.3			0.1			0.2
Curtailment (gain) loss	(0.1		)	—			—			0.3			—			—
Settlement (gain) loss	—			—			—			2.7			0.1			0.1
Net pension expense	$	4.0		$	8.3		$	8.8		$	11.4		$	12.3		$	11.3

Schedule of Weighted Average Assumptions Used in Determining Benefit Obligations and Net Pension Expense

The weighted average assumptions used in determining benefit obligations were:

	U.S. Plans				Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2014		Dec 31, 2013
Discount rate	4.02	%	4.85	%	3.02	%	4.36	%
Expected rate of increase in future compensation levels	2.50	%	2.00	%	3.45	%	3.85	%

The weighted average assumptions used to determine net pension expense were:

	U.S. Plans						Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012		Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Discount rate	4.85	%	4.12	%	4.70	%	4.27	%	4.26	%	5.10	%
Expected rate of increase in future compensation levels	2.50	%	2.00	%	2.00	%	3.91	%	3.94	%	6.10	%
Long-term expected rate of return on plan assets	7.50	%	7.50	%	7.50	%	6.47	%	6.09	%	4.50	%

Schedule of Allocation of Plan Assets

The fair value of the Company’s pension plan assets at December 31, 2014 by asset category are as follows (in millions):

			Quoted prices in Active Markets for Identical		Significant Observable		Significant Unobservable
Asset Category	Total		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Equity Securities	$	99.5	$	73.2	$	26.3	$	—
Mutual Funds - Equity Securities	20.9		20.9		—		—
Mutual Funds - Fixed Income	39.0		39.0		—		—
Short Term Investments	4.3		—		4.3		—
Equitable Contract	1.1		—		1.1		—
Fixed Income	18.2		—		18.2		—
Coal Lease (1)	3.7		—		—		3.7
Total	$	186.7	$	133.1	$	49.9	$	3.7

The fair value of the Company’s pension plan assets at December 31, 2013 by asset category are as follows (in millions):

			Quoted prices in Active Markets for Identical		Significant Observable		Significant Unobservable
Asset Category	Total		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Equity Securities	$	76.7	$	76.6	$	0.1	$	—
Mutual Funds	89.5		58.9		30.6		—
Short Term Investments	2.3		—		2.3		—
Equitable Contract	1.2		—		1.2		—
Fixed Income	20.8		—		20.8		—
Coal Lease (1)	4.0		—		—		4.0
Total	$	194.5	$	135.5	$	55.0	$	4.0

(1) The Company’s interest represents approximately 26% of the lease which is currently between American Premier Underwriters (APU), the Lessor and CONSOL Energy (CONSOL), the Lessee. The lease pertains to real property mined by CONSOL located in Pennsylvania.

Schedule of Fair Value Measurements Using Significant Inputs

The following table represents details of the fair value measurements using significant unobservable inputs (Level 3):

	Coal Lease
Beginning balance at January 1, 2013	$	4.2
Change in fair value of plan assets	(0.2		)
Ending balance December 31, 2013	$	4.0
Change in fair value of plan assets	(0.3		)
Ending balance at December 31, 2014	$	3.7

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Employee Benefit Plans (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Loss that will be amortized from accumulated other comprehensive income in the next year	$ 0.9
Unrecognized net gains and losses from all sources, threshold	10.00%
Settlements	2.7		6.1
Estimated future benefit payments 2015	22.2
Estimated future benefit payments 2016	17.5
Estimated future benefit payments 2017	17.8
Estimated future benefit payments 2018	18.0
Estimated future benefit payments 2019	18.0
Estimated future benefit payments, from 2020 to 2023	96.5
Net defined contribution plan expense recognized	12.8	12.0	10.0
Pension Plan, Defined Benefit [Member]
Loss that will be amortized from accumulated other comprehensive income in the next year	10.5
U.S. Plans [Member]
Accumulated benefit obligation	190.1	169.4
Fixed-income investments, expected real rate of return	2.00%
Long-term rate of inflation	3.00%
Discount rate used to determine net postretirement benefit expense	4.02%
Defined benefit pension plan cash contributions	2.1	0.5
Discount rate used to determine accumulated postretirement benefit obligation	4.02%	4.85%
Non-U.S. Plans [Member]
Accumulated benefit obligation	139.3	104.5
Discount rate used to determine net postretirement benefit expense	3.02%
Defined benefit pension plan cash contributions	6.5	10.7
Discount rate used to determine accumulated postretirement benefit obligation	3.02%	4.36%
Two Mutual Funds [Member]
Plan assets concentration	43.00%	41.00%
Debt Securities [Member] | U.S. Plans [Member]
Asset allocation assumption to equity investments	35.00%
Equity investments, expected real rate of return	8.00%
Equity investment, actual asset allocation	31.00%	46.00%
Debt Securities [Member] | Non-U.S. Plans [Member]
Asset allocation assumption to equity investments	40.00%	37.00%
Actual asset allocation of fixed-investments	38.00%
Other Investments [Member] | Non-U.S. Plans [Member]
Actual asset allocation of other investments	3.00%
Equity Securities [Member] | U.S. Plans [Member]
Asset allocation assumption to equity investments	65.00%
Equity investment, actual asset allocation	69.00%	54.00%
Equity Securities [Member] | Non-U.S. Plans [Member]
Asset allocation assumption to equity investments	60.00%	63.00%
Actual asset allocation of equity investment	59.00%
Minimum [Member]
Estimated future benefit payments 2015	$ 11.9

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Share-Based Compensation (Nonvested Restricted Stock Activity) (Details) (Restricted Stock and Restricted Stock Units (RSUs) [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Restricted Stock and Restricted Stock Units (RSUs) [Member]
Shares Outstanding
Balance, December 31, 2013	891,900
Granted	662,200
Vested	(280,600)
Forfeited	(136,300)
Balance, December 31, 2014	1,137,200	891,900
Weighted Average Grant Date Fair Value
Balance, December 31, 2013	$ 32.02
Granted	$ 30.27	$ 34.83	$ 29.65
Vested	$ 28.97
Forfeited	$ 33.13
Balance, December 31, 2014	$ 32.26	$ 32.02

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Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash flows of operating activities:
Net income (loss) including noncontrolling interest	$ (643.0)	$ (10.1)	$ 10.0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	125.4	132.6	115.2
Amortization on restricted stock awards	1.0	0.9	2.2
Foreign currency exchange (gain) loss	202.5	56.0	5.8
Inventory impairment charge	9.5	0	9.3
Goodwill impairment charge	155.1	0	0
Intangible asset impairment charges	98.8	0	0
Non-cash asset impairment charges	158.3	14.0	0
Convertible debt instruments noncash interest charges	1.7	21.9	22.1
Deferred income taxes	(14.4)	(1.4)	10.6
Excess tax (benefits) deficiencies from stock-based compensation	0	0	0.6
(Gain) loss on disposal of a subsidiary	(17.6)	0	0
(Gain) loss on disposal of property	0.5	3.9	2.1
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:
(Increase) decrease in receivables	(0.4)	(29.3)	35.1
(Increase) decrease in inventories	110.8	14.4	105.9
(Increase) decrease in other assets	24.5	(8.9)	(31.9)
Increase (decrease) in accounts payable, accrued and other liabilities	(79.5)	(155.8)	(14.4)
Net cash flows of operating activities	133.2	38.2	272.6
Cash flows of investing activities:
Capital expenditures	(89.6)	(89.1)	(108.6)
Proceeds from properties sold	21.4	0.4	4.5
Disposal of a subsidiary, net of cash disposed of	52.4	0	0
Acquisitions, net of cash acquired	0	(6.9)	(286.5)
Other	(0.2)	1.0	0.3
Net cash flows of investing activities	(16.0)	(94.6)	(390.3)
Cash flows of financing activities:
Dividends paid to shareholders	(35.4)	(27.0)	(0.3)
Excess tax benefits (deficiencies) from stock-based compensation	0	0	(0.6)
Proceeds from other debt	2,689.9	1,645.3	1,473.6
Repayments of other debt	(2,740.3)	(1,357.6)	(1,560.8)
Issuance of long term debt	0	0	600.0
Settlement of long term debt including fees and expenses	0	(355.0)	(217.7)
Purchase of noncontrolling interest	(0.7)	(4.0)	0
Dividends paid to noncontrolling interest	(6.2)	(5.3)	(3.5)
Repurchase of common shares	(30.7)	(19.5)	(1.2)
Proceeds from exercise of stock options	0.3	0.7	0.1
Net cash flows of financing activities	(123.1)	(122.4)	289.6
Effect of exchange rate changes on cash and cash equivalents	(205.8)	(24.7)	16.3
Cash held for sale	(1.3)	0	0
Increase (decrease) in cash and cash equivalents	(213.0)	(203.5)	188.2
Cash and cash equivalents — beginning of year	418.8	622.3	434.1
Cash and cash equivalents — end of year	205.8	418.8	622.3
Cash paid during the year for:
Income tax payments	22.5	33.5	38.8
Interest paid	111.0	93.6	64.5
Non-cash investing and financing activities:
Capital expenditures included in accounts payable	$ 20.5	$ 23.3	$ 27.4

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Income Taxes (Income Tax Examinations) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014
Operating Loss Carryforwards [Line Items]
Tax Loss Carryforward	$ 46.7
UNITED STATES [Member]
Operating Loss Carryforwards [Line Items]
Tax Loss Carryforward	20.1
NEW ZEALAND [Member]
Operating Loss Carryforwards [Line Items]
Tax Loss Carryforward	8.1
SPAIN [Member]
Operating Loss Carryforwards [Line Items]
Tax Loss Carryforward	13.0
Others [Member]
Operating Loss Carryforwards [Line Items]
Tax Loss Carryforward	$ 5.5

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Acquisitions and Divestitures (Narrative) (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended	12 Months Ended			0 Months Ended
	Oct. 01, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Nov. 02, 2012 Facilities employees	Dec. 03, 2012 employees	Sep. 04, 2012
Business Acquisition [Line Items]
Selling, general and administrative expenses		$ 450.7	$ 492.0	$ 425.5
Subscription of outstanding and issued shares, percent	60.00%
Business combination, interest acquired	27.4
Period for purchasing of minority shareholders'	36 months
ProCables S.A. [Member]
Business Acquisition [Line Items]
Subscription of outstanding and issued shares, percent	60.00%
ProCables S.A. [Member] | Latin America [Member]
Business Acquisition [Line Items]
Cost of acquired entity, purchase price	18.3
Selling, general and administrative expenses	0.6
ProCables S.A. [Member] | Latin America [Member] | Minimum [Member]
Business Acquisition [Line Items]
Number of employees	500
Prestolite [Member]
Business Acquisition [Line Items]
Cost of acquired entity, purchase price					59.5
Selling, general and administrative expenses					0.6
Number of employees					700
Number of manufacturing locations acquired					2
CHINA [Member] | Alcan Cable [Member]
Business Acquisition [Line Items]
Cost of acquired entity, purchase price						57.7
Selling, general and administrative expenses						1.1
Number of employees						300
North America [Member] | Alcan Cable [Member]
Business Acquisition [Line Items]
Cost of acquired entity, purchase price							151.0
Customary adjustment, primarily related to working capital							20.3
Cash paid for acquired entity							171.3
Selling, general and administrative expenses							3.3
North America [Member] | Alcan Cable [Member] | Minimum [Member]
Business Acquisition [Line Items]
Number of employees							750
Seller [Member]
Business Acquisition [Line Items]
Noncontrolling interest, ownership percentage by parent	40.00%
ProCables S.A. [Member]
Business Acquisition [Line Items]
Proceeds used for extinguishment of debt	24.0
Extinguishment of debt	$ 48.1

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Employee Benefit Plans (Net Pension Expense) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
U.S. Plans [Member]
Pension expense:
Service cost	$ 1.6	$ 1.9	$ 1.8
Interest cost	8.0	7.2	7.7
Expected return on plan assets	(10.4)	(9.4)	(9.1)
Amortization of prior service cost	0.1	0.1	0.1
Amortization of net loss	4.8	8.5	8.3
Amortization of transition obligation	0	0	0
Curtailment (gain) loss	(0.1)	0	0
Settlement (gain) loss	0	0	0
Net pension expense	4.0	8.3	8.8
Non-U.S. Plans [Member]
Pension expense:
Service cost	4.6	6.5	4.3
Interest cost	5.4	5.9	6.1
Expected return on plan assets	(3.1)	(2.7)	(2.0)
Amortization of prior service cost	0.9	1.2	1.4
Amortization of net loss	0.3	1.2	1.2
Amortization of transition obligation	0.3	0.1	0.2
Curtailment (gain) loss	0.3	0	0
Settlement (gain) loss	2.7	0.1	0.1
Net pension expense	$ 11.4	$ 12.3	$ 11.3

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Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Principles of Consolidation

The Company’s consolidated financial statements include the accounts of wholly-owned subsidiaries and majority-owned controlled subsidiaries. The Company records its investment in each unconsolidated affiliated Company (generally 20-50 percent ownership in which it has the ability to exercise significant influence) at its respective equity in net assets. Other investments (less than 20 percent ownership) are recorded at cost. All intercompany transactions and balances among the consolidated companies have been eliminated.

Use of Estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on historical experience and information that is available to management about current events and actions the Company may take in the future. Significant items subject to estimates and assumptions include valuation allowances for accounts receivable and deferred income taxes; legal, compliance, environmental and asbestos liabilities; uncertain tax positions; inventory costing and valuation, assets and obligations related to pension and other postretirement benefits; business combination accounting and related purchase accounting valuations; long-lived assets, goodwill and intangible valuations; financial instruments; self-insured workers’ compensation and health insurance reserves; and revenue recognized under the percentage-of-completion method. There can be no assurance that actual results will not differ from these estimates.

Historically, the Company has not experienced material changes in estimates as it relates to the revenue recognized under the percentage of completion method. However, in the fourth quarter of 2012 changes in estimates across all submarine turnkey projects in the Europe segment resulted in a reduction to gross profit of $27.5 million, with $20.8 million of the reduction associated with one certain submarine turnkey project at the Company's German submarine power cable manufacturing facility. Equipment failure at the German facility resulted in costs, for this particular project, related to cable damage, equipment repairs and ship rental of $13.3 million. Due to these failures the Company decided to use the zero-profit method of accounting for this project which resulted in a reduction of margin by an additional $7.5 million. In 2014, the Company completed a number of critical project milestones related to this project and resolved certain claims with the customer, as a result the Company determined to no longer use the zero-profit method. Based on this change in estimate and the resolution of certain claims, the Company's gross profit increased $18.3 million in the year ended December 31, 2014. There was no material impact to gross profit as a result of changes in estimates related to revenue recognition under the percentage of completion method in 2013.

Revenue Recognition

The majority of the Company’s revenue is recognized when goods are shipped to the customer, title and risk of loss are transferred, pricing is fixed and determinable and collectability is reasonably assured. Most revenue transactions represent sales of inventory. A provision for payment discounts, product returns, warranty and customer rebates is estimated based upon historical experience and other relevant factors and is recorded within the same period that the revenue is recognized. A portion of the Company’s revenue consists of long-term product installation contract revenue that is recognized based on the percentage-of-completion method generally based on the cost-to-cost method if there are reasonably reliable estimates of total revenue, total cost, and the extent of progress toward completion; and there is an enforceable agreement between parties who can fulfill their contractual obligations. The Company reviews contract price and cost estimates periodically as the work progresses and reflects adjustments proportionate to the percentage-of-completion to income in the period when those estimates are revised. For these contracts, if a current estimate of total contract cost indicates a loss on a contract, the projected loss is recognized in full in the period when determined.

Stock-Based Compensation

The Company has various plans which provide for granting options and common stock to certain employees and independent directors of the Company and its subsidiaries. All share-based payments to employees, including grants of employee stock options, are recognized in the financial statements based on their fair values. The appropriate fair value model is used for valuing share-based payments and in determining the amortization method for the compensation cost for new awards, and to awards modified, repurchased or canceled after January 1, 2006. Information on General Cable’s equity compensation plans and additional information on compensation costs from stock-based compensation are described in Notes 14 and 15.

Earnings Per Share

Earnings or loss per common share-basic is determined by dividing net income applicable to common shareholders by the weighted average number of common shares-basic outstanding. Earnings per common share-assuming dilution is computed based on the weighted average number of common shares-assuming dilution outstanding which gives effect (when dilutive) to stock options, other stock-based awards, the assumed conversion of the Subordinated Convertible Notes, if applicable, and other potentially dilutive securities. Refer to discussion in Note 17 - Earnings Per Common Share.

Foreign Currency Transaction

For operations outside the United States that prepare financial statements in currencies other than the U.S. dollar, results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at spot exchange rates at the end of the period. Foreign currency translation adjustments are included as a separate component of accumulated other comprehensive income (loss) in total equity. The effects of changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated are recorded as foreign currency transaction gains (losses) within other income (expense) in the Consolidated Statements of Operations and Comprehensive Income (Loss).

Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less from the date of purchase to be cash equivalents. Cash equivalents are carried at cost, which approximates fair value.

Accounts Receivable

The accounts receivable balance is recorded at the stated amount, less allowances for doubtful accounts, price discounts, and returns. At the time of the sale and at each quarter, the Company evaluates the accounts receivable balance to determine a best estimate for doubtful accounts, price discounts, and returns. The Company reviews general historical trends in the account, customer overdue balances, high risk accounts that have been specifically identified based on historical and current customer patterns, contractual obligations, and current economic conditions to determine an estimate for these allowances.

Inventories

Approximately 86% of the Company's inventories are valued using the average cost method and all remaining inventories are valued using the first-in, first-out (FIFO) method. During 2014, the Venezuelan entity recorded $9.5 million of lower of cost or market charges that were recognized. All inventories are stated at the lower of cost or market value.

The Company has consignment inventory at certain of its customer locations for purchase and use by the customer or other parties. General Cable retains title to the inventory and records no sale until it is ultimately sold either to the customer storing the inventory or to another party. In general, the value and quantity of the consignment inventory is verified by General Cable through either cycle counting or annual physical inventory counting procedures.

Property, Plant and Equipment

Property, plant and equipment are stated at cost, less accumulated depreciation. Costs assigned to property, plant and equipment relating to acquisitions are based on estimated fair values at the acquired date. Depreciation is provided using the straight-line method over the estimated useful lives of the assets: new buildings, from 15 to 50 years; and machinery, equipment and office furnishings, from 2 to 20 years. Leasehold improvements are depreciated over the life of the lease or over the useful life if shorter. The Company’s manufacturing facilities perform major maintenance activities during planned shutdown periods which traditionally occur in July and December, and costs related to major maintenance activities are expensed as incurred.

The Company evaluates the recoverability of the carrying amount of long-lived assets (including property, plant and equipment and intangible assets with determinable lives) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. The Company evaluates events or changes in circumstances based mostly on actual historical operating results, but business plans, forecasts, general and industry trends and anticipated cash flows are also considered. Impairment is assessed when the undiscounted expected future cash flows derived from an asset are less than its carrying amount. Impairment losses are measured as the amount by which the carrying value of an asset exceeds its fair value and are recognized in earnings. The Company also continually evaluates the estimated useful lives of all long-lived assets and, when warranted, revises such estimates based on current events. In the year ended December 31, 2014, the Company recorded asset-related costs of $117.5 million related to the Company's July restructuring plan, recorded asset impairment charges of $13.1 million related to a Brazil rod mill plant and $29.3 million related to the Venezuela operations. See Note 3 - Restructuring and Review of Strategic Alternatives and Operational Structure and Note 7 - Property, Plant and Equipment for additional details.

The Company evaluates long-lived assets to be sold or abandoned to determine if the long-lived assets shall be classified as held for sale. In October 2014, the Company announced the intent to divest all of the Company's operations in Africa and Asia Pacific. The Company reviewed each disposal group in the Company's Africa/Asia Pacific reportable segment to determine if the assets should be considered held for sale. In the fourth quarter of 2014, the Company committed to sell Dominion Wire & Cables Ltd, the Company's Fiji operations ("Fiji"), with assets of $12.6 million and liabilities of $1.2 million. At December 31, 2014, the Company classified Fiji's assets and liabilities as held for sale based on the criteria set forth in ASC 360. The assets held for sale were included in the Company's Assets held for sale caption and the liabilities held for sale were included in the Accrued liabilities caption of the Company's Consolidated Balance Sheet, respectively, at December 31, 2014. At December 31, 2014, the Company determined that the remaining disposals groups within the Africa/Asia Pacific segment did not meet the held for sale criteria set forth in ASC 360 primarily driven by management’s belief that the probability of a sale within one year is uncertain.

In addition, as of December 31, 2014, the Company had $13.1 million of property, plant and equipment within the Company's Assets held for sale caption of the Company's Consolidated Balance Sheet recorded as assets held for sale related to property, plant and equipment held for sale due to the July restructuring program. Assets held for sale are measured at the lower of its carrying amount or fair value less cost to sell and depreciation has ceased.

Goodwill and Intangible Assets

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. Goodwill is allocated to various reporting units, which are generally an operating segment or one level below the operating segment. The Company compares the fair value of each reporting unit to its carrying amount to determine if there is potential goodwill impairment. If the fair value of a reporting unit is less than its carrying value, an impairment loss is recorded to the extent that the fair value of the goodwill within the reporting unit is less than the carrying value of the goodwill. The impairment test for the Company’s indefinite-lived intangible assets involves comparing the fair value of the intangibles to their carrying values. If the carrying amount of an intangible asset with an indefinite life exceeds its fair value, an impairment loss would be recognized in the amount equal to the excess.

In the year ended December 31, 2014, the Company recognized impairment charges equal to the total recorded PDIC reporting unit goodwill of $155.1 million and the Company recognized $93.4 million of impairment charges related to the PDIC trade name. Our annual impairment test for both remaining goodwill and indefinite lived intangibles assets after the 2014 impairment charges indicated there was no impairment. However, future changes in judgments, assumptions and estimates that are used in our annual impairment testing, including discount and tax rates, future cash flow projections, or the long term growth rate could result in significantly different estimates of fair value; therefore, such changes could materially affect the financial statements in any given year.

Intangible assets that are not deemed to have an indefinite life, principally customer relationships and tradenames, are amortized over their useful lives based on the expected economic benefit consistent with the historical customer attrition rates.

Severance Expenses

In 2014, the Company announced restructuring plans. As a result, the Company has incurred restructuring costs which include employee separation costs. The charges relate to involuntary separations and the amounts are based on current salary levels and past service periods and are either considered one-time employee termination benefits in accordance with ASC 420 - Exit or Disposal Cost Obligations or as charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits. The charges are recognized when it is probable that a liability has been incurred and the amount of such liability is reasonably estimable. Management estimates must be applied to determine when it is appropriate to record restructuring accruals as well as assumptions in calculating the restructuring accruals as employees could choose to voluntarily leave the Company, forfeiting termination benefits. To the extent these assumptions and estimates change, there could be future subsequent adjustments to the accrual balance.

Long-Term Debt

In accordance with ASC 470 - Debt, convertible debt instruments that may be settled in cash or other assets, or partially in cash, upon conversion, are separately accounted for as long-term debt and equity components (or conversion feature). The accounting applies to the Subordinated Convertible Notes. The debt component represents the Company’s contractual obligation to pay principal and interest and the equity component represents the Company’s option to convert the debt security into equity of the Company or the equivalent amount of cash. Upon issuance, the Company allocated the debt component on the basis of the estimated fair value of an identical debt instrument that it would issue excluding the convertible option and the remaining proceeds are allocated to the equity component. The bifurcation of the debt and equity components resulted in a debt discount for the aforementioned notes. In accordance with ASC 470 - Debt, the Company uses the interest method to amortize the debt discount to interest expense over the amortization period which is the expected life of the debt.

Derivative Financial Instruments

It is the Company’s policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. Derivative financial instruments are utilized to manage interest rate, commodity and foreign currency risk. ASC 815 - Derivatives and Hedging, as amended, requires that all derivatives be recorded on the balance sheet at fair value. At December 31, 2014, there were no derivatives that were designated as cash flow hedges.

Forward Pricing Agreements for Purchases of Copper and Aluminum

In the normal course of business, the Company enters into forward pricing agreements for purchases of copper and aluminum to match certain sales transactions. The Company accounts for these forward pricing arrangements under the “normal purchases and normal sales” scope exemption because these arrangements are for purchases of copper and aluminum that will be delivered in quantities expected to be used by the Company over a reasonable period of time in the normal course of business. For these arrangements, it is probable at the inception and throughout the life of the arrangements that the arrangements will not settle net and will result in physical delivery of the inventory. The Company expects to recover the cost of copper and aluminum under these agreements as a result of firm sales price commitments with customers. Refer to Note 11 - Financial Instruments.

Fair Value of Financial Instruments

The Company carries derivative assets, derivative liabilities and marketable equity securities held in a rabbi trust as part of the Company’s deferred compensation plan at fair value. The Company determines the fair market value of its financial instruments based on the fair value hierarchy established in ASC 820 - Fair Value Measurement.

Pension Plans

The Company provides retirement benefits through contributory and non-contributory qualified and non-qualified defined benefit pension plans covering eligible domestic and international employees as well as through defined contribution plans and other postretirement benefits. Benefits under General Cable’s qualified U.S. defined benefit pension plan generally are based on years of service multiplied by a specific fixed dollar amount, and benefits under the Company’s qualified non-U.S. defined benefit pension plans generally are based on years of service and a variety of other factors that can include a specific fixed dollar amount or a percentage of either current salary or average salary over a specific period of time. The amounts funded for any plan year for the qualified U.S. defined benefit pension plan are neither less than the minimum required under federal law nor more than the maximum amount deductible for federal income tax purposes. General Cable’s non-qualified unfunded U.S. defined benefit pension plans include a plan that provides defined benefits to select senior management employees beyond those benefits provided by other programs. The Company’s non-qualified unfunded non-U.S. defined benefit pension plans include plans that provide retirement indemnities to employees. Pension obligations for the non-qualified unfunded defined benefit pension plans are recognized in the Consolidated Balance Sheet and are based on local practices and regulations of the respective countries. General Cable makes cash contributions for the costs of the non-qualified unfunded defined benefit pension plans as the benefits are paid.

Loss Contingencies

The Company determines whether to disclose and/or accrue for loss contingencies based on an assessment of whether the risk of loss is remote, reasonably possible or probable. The Company's assessment is developed in consultation with its outside counsel and other advisers and is based on an analysis of possible outcomes. Loss contingency assumptions involve judgments that are inherently subjective and can involve matters that are in litigation, which, by its nature is unpredictable. The Company believes that its assessment of the probability of loss contingencies is reasonable, but because of the subjectivity involved and the unpredictable nature of the subject matter at issue, the Company's assessment may prove ultimately to be incorrect, which could materially impact the consolidated financial statements.

Self-insurance

The Company is self-insured for certain employee medical benefits, workers’ compensation benefits, environmental and asbestos-related issues. The Company purchased stop-loss coverage in order to limit its exposure to any significant level of workers’ compensation claims in 2014 and 2013. Certain insurers are also partly responsible for coverage on many of the asbestos-related issues (refer to Note 19 - Commitments and Contingencies for information relating to the release of one of these insurers during 2006). Self-insured losses are accrued based upon estimates of the aggregate liability for uninsured claims incurred using the Company’s historical claims experience.

Concentration of Risk Policy

General Cable sells a broad range of products globally. Concentrations of credit risk with respect to trade receivables are limited due to the large number of customers, including members of buying groups, composing General Cable’s customer base. General Cable customers generally receive a 30 to 60 day payment period on purchases from the Company, with certain exceptions in European, Mediterranean and Asian markets. Certain automotive aftermarket customers of the Company receive payment terms ranging from 45 days to 360 days, which is common in this particular market. Ongoing credit evaluations of customers’ financial condition are performed, and generally, no collateral is required. General Cable maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s estimates. Certain subsidiaries also maintain credit insurance for certain customer balances. Bad debt expense associated with uncollectible accounts for the years ended December 31, 2014, 2013 and 2012 was $9.9 million, $9.4 million and $21.9 million, respectively.

In North America, the Company has centralized the purchasing of its copper, aluminum and other significant raw materials to capitalize on economies of scale and to facilitate the negotiation of favorable purchase terms from suppliers. In 2014, the Company’s largest supplier of copper rod accounted for approximately 70% of its North American copper purchases while the largest supplier of aluminum rod accounted for approximately 50% of its North American aluminum purchases. The Company’s non-North America operations purchase copper and aluminum rod from many suppliers or brokers with each generally providing a small percentage of the total copper and aluminum rod purchased or internally produce copper and aluminum rod for production needs.

Venezuela has foreign exchange and price controls which have historically limited the Company’s ability to convert bolivars to U.S. dollar and transfer funds out of Venezuela. In Venezuela, government restrictions on the transfer of cash out of the country have limited the Company’s ability to repatriate cash. Approximately 15% and 46% of the consolidated cash balance as of December 31, 2014 and December 31, 2013, respectively, was held in Venezuela. The operating cash flows attributable to Venezuela was $26.2 million and $97.4 million for the years ended December 31, 2014 and 2013, respectively, as compared to the Company's operating cash flows of $133.2 million and $38.2 million for the years ended December 31, 2014 and 2013, respectively.

At December 31, 2014, $44.3 million of requests of U.S. dollars to settle U.S. dollar denominated intercompany payables remained pending over 180 days, which we expect will be settled at the SICAD 2 rate. Currency exchange controls in Venezuela continue to limit our ability to remit funds from Venezuela. We do not consider the net assets of Venezuela to be integral to our ability to service our debt and operational requirements.

In addition, in the fourth quarter of 2014, the Venezuelan government's default risk increased substantially as external finances continued to deteriorate due to the strong decrease in oil prices. Based on the increased default risk, the Company recognized a $10.3 million charge for the long-term value added tax receivable from the Venezuelan government.

Income Taxes

The Company is subject to income tax in numerous United States federal, state, and foreign jurisdictions. Significant judgments and estimates are inherent in determining the Company's consolidated income tax expense, current tax payable, deferred tax assets and liabilities, and liabilities for uncertain tax positions. Future events such as changes in business conditions, tax legislation, tax audit resolutions, or foreign earnings repatriation plans could materially impact these estimates and the Company's tax position.

Deferred tax assets and liabilities are determined based on the differences between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. At December 31, 2014, the Company had recorded a net deferred tax liability of $134.7 million ($24.0 million net current deferred tax asset less $158.7 million net long term deferred tax liability). The valuation of deferred tax assets is dependent on, among other things, the ability of the Company to generate a sufficient level of future taxable income. In estimating future taxable income, the Company has considered both positive and negative evidence, such as historical and forecasted results of operations, including prior losses, and has considered the implementation of prudent and feasible tax planning strategies. As of December 31, 2014, the Company recorded a valuation allowance of $145.4 million to reduce deferred tax assets to the amount judged more likely than not to be realized. The Company has and will continue to review on a quarterly basis its assumptions and tax planning strategies, and, if the amount of the estimated realizable deferred tax assets is less than the amount currently on the balance sheet, the Company would reduce its deferred tax asset, recognizing a non-cash charge against reported earnings. Likewise, if the Company determines that a valuation allowance against a deferred tax asset is no longer appropriate, the adjustment to the valuation allowance would reduce income tax expense.

The Company operates in multiple jurisdictions with complex tax policies and regulations. In certain jurisdictions, the Company has taken tax positions that it believes are supportable, but which could be subject to challenge by the tax authorities. These tax positions are evaluated and liabilities for uncertain tax positions are established in accordance with the ASC 740 - Income Taxes tax accounting guidance. The status of uncertain tax positions is reviewed in light of changing facts and circumstances, such as tax audits, rulings, and case law, and the related liabilities are adjusted accordingly.

The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). Accrued interest and penalties are included within the related tax liability line item in the Consolidated Balance Sheets.

Shipping and Handling Costs

All shipping and handling amounts billed to a customer in a sales transaction are classified as revenue. Shipping and handling costs associated with storage and handling of finished goods and storage and handling of shipments to customers are included in cost of sales and totaled $157.2 million, $163.5 million and $150.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Advertising Expense

Advertising expense consists of expenses relating to promoting the Company’s products, including trade shows, catalogs, and e-commerce promotions, and is charged to expense when incurred. Advertising expense was $14.2 million, $13.3 million and $10.7 million in 2014, 2013 and 2012, respectively.

New Accounting Pronouncements

During the year ended December 31, 2014, the Company did not change any of its existing accounting policies that are expected to have a significant effect on the consolidated financial statements. The following accounting pronouncements were adopted and became effective with respect to the Company in 2014 or will become effective with respect to the Company:

In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity", which raises the threshold for determining which disposals are required to be presented as discontinued operations and modifies related disclosure requirements. The revised accounting guidance applies prospectively to all disposals (or classifications as held for sale) of components of an entity and for businesses that, upon acquisition, are classified as held for sale on or after adoption. Early adoption is permitted for disposals (or classifications as held for sale) that have not been previously reported in financial statements. The Company elected to early adopt the guidance and implemented ASU 2014-08 for the year ended December 31, 2014. The effects of applying the revised guidance will vary based upon the nature and size of future disposal transactions. It is expected that fewer disposal transactions will meet the new criteria to be reported as discontinued operations. There were no disposals of components of the Company that were reported as discontinued operations in the year ended December 31, 2014. The Company will continually evaluate the status of discontinued operations each quarter to ensure compliance with ASU 2014-08 requirements.

In October 2014, the Company announced the intent to divest all of the Company's operations in Africa and Asia Pacific. The Company assessed the discontinued operations financial reporting treatment for those businesses which were announced for divestiture. Management believes the planned actions may meet the requirements of a strategic shift; however, all of the conditions do not meet the requirements to be considered held for sale at December 31, 2014. This is primarily driven by management's belief that the probability of the sale within one year is uncertain. In addition, there is uncertainty regarding the ultimate outcome for each entity which could include possible abandonment. Therefore, when considered as a group of components, the discontinued operations criteria is not met under ASU 2014-08.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. The Company will adopt the standard on January 1, 2017. The Company is evaluating the impact that the standard will have on its Consolidated Financial Statements.

In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period." This standard provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

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Supplemental Guarantor Condensed Financial Information (Intercompany Cash And Non-Cash Transactions) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Due from Related Parties, Noncurrent [Roll Forward]
Beginning Balance	$ 0
Cash transactions	0	0	0
Ending Balance	0	0
Parent Company [Member]
Due from Related Parties, Noncurrent [Roll Forward]
Beginning Balance	1,305.5	1,566.7	1,210.4
Deferred tax	21.4	7.1	5.9
Equity based awards	13.8	11.7	11.7
Foreign currency and other	5.1	0	(3.4)
Cash transactions	(65.0)	(280.0)	342.1
Ending Balance	$ 1,280.8	$ 1,305.5	$ 1,566.7

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Acquisitions and Divestitures (Divestitures) (Narrative) (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended	12 Months Ended
	Dec. 22, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 22, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax profit		$ 6.2	$ 8.2	$ 7.3
Interest in PDP and PDEP [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of interest in joint venture	67.1
Interest in joint venture, percent sold	60.00%				60.00%
Gain on disposition		9.6
Pre-tax profit		10.4	13.6	12.1
Interest in PDP and PDEP [Member] | Selling, General and Administrative Expenses [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposition of business, gross		$ 17.6

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Total Equity

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Total Equity

Total Equity

General Cable is authorized to issue 200 million shares of common stock and 25 million shares of preferred stock.

The components of accumulated other comprehensive income (loss) as of December 31, 2014 and December 31, 2013, respectively, consisted of the following (in millions):

	Fiscal Years Ended
	December 31, 2014						December 31, 2013
	Company Common Shareholders			Noncontrolling Interest			Company Common Shareholders			Noncontrolling Interest
Foreign currency translation adjustment	$	(185.1	)	$	(3.8	)	$	(67.1	)	$	(24.5	)
Pension adjustments, net of tax	(78.3		)	(2.9		)	(52.6		)	(2.9		)
Change in fair value of derivatives, net of tax	—			—			—			—
Other	—			—			7.6			—
Accumulated other comprehensive income (loss)	$	(263.4	)	$	(6.7	)	$	(112.1	)	$	(27.4	)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2012 to December 31, 2014 including the effect of significant reclassifications out of accumulated other comprehensive income as required by ASU 2013-02 (in millions, net of tax):

	Foreign currency translation			Change of fair value of pension benefit obligation			Change in fair value of derivatives			Other			Total
Balance, December 31, 2012	$	(27.9	)	$	(84.4	)	$	0.1		$	7.6		$	(104.6	)
Other comprehensive income before reclassifications	(39.2		)	13.6			(0.8		)	—			(26.4		)
Amounts reclassified from accumulated other comprehensive income	—			18.2			0.7			—			18.9
Net current - period other comprehensive income (loss)	(39.2		)	31.8			(0.1		)	—			(7.5		)
Balance, December 31, 2013	$	(67.1	)	$	(52.6	)	$	—		$	7.6		$	(112.1	)
Other comprehensive income before reclassifications	(123.2		)	(15.4		)	—			—			(138.6		)
Amounts reclassified from accumulated other comprehensive income	3.6			(10.3		)	—			(1.2		)	(7.9		)
Other	1.6			—			—			(6.4		)	(4.8		)
Net current - period other comprehensive income (loss)	(118.0		)	(25.7		)	—			(7.6		)	(151.3		)
Balance, December 31, 2014	$	(185.1	)	$	(78.3	)	$	—		$	—		$	(263.4	)

The following is the detail of the reclassifications out of accumulated other comprehensive income (loss) for the year ended December 31, 2014 (in millions, net of tax):

	Year Ended			Year Ended,
	December 31, 2014			December 31, 2013
	Amount reclassified from accumulated other comprehensive income			Amount reclassified from accumulated other comprehensive income		Affected line item in the Consolidated Statement of Operations and Comprehensive Income (Loss)
Foreign currency translation
Sale of PDP and PDEP	$	3.6		$	—	SG&A
Change in fair value of derivatives:
Commodity contracts	$	—		$	0.7	Cost of Sales
Total - Change in fair value of derivatives	$	—		$	0.7
Amortization of defined pension items
Prior service cost	$	(1.2	)	$	1.7	SG&A
Net loss	(9.1		)	16.5		SG&A
Total - Amortization of defined benefit pension items	(10.3		)	18.2
Other	$	(1.2	)	$	—	SG&A
Total	$	(7.9	)	$	18.9

Stock Repurchase Programs

On December 10, 2013, the Company's Board of Directors authorized the extension of the Company’s existing $125 million share repurchase program through the end of 2014. The share repurchase program has not been extended. Stock purchases under this program were able to be made through the open market and privately negotiated transactions at times and in such amounts as deemed appropriate by a special committee appointed by the Board. Under the stock repurchase program, the Company purchased $30.7 million, or 1,000,000 common shares at an average price of $30.73 per share, during the year ended December 31, 2014. Under this stock repurchase program the Company purchased $19.5 million, or 597,531 common shares at an average price of $32.65 per share, during the year ended December 31, 2013.

Preferred Stock

The Company issued 2,070,000 shares of General Cable 5.75% Series A Redeemable Convertible Preferred Stock (“Series A preferred stock”) on November 24, 2003. Zero shares were outstanding under the original terms of the Series A preferred stock issuance as of December 31, 2014 and 2013. The Company’s outstanding shares of the Series A preferred stock were mandatorily redeemed on November 24, 2013. Prior to the redemption date, all but two shareholders elected to convert their shares into shares of the Company’s common stock at the conversion ratio of 5.056 shares of common stock per share of Series A preferred stock.

Dividends on Common Stock

On May 20, 2013, the Company's Board of Directors authorized the payment of a regular quarterly dividend of $0.18 per share per quarter (starting in the second quarter of 2013). During the year ended December 31, 2014, the Company paid in total approximately $35.4 million to all common shareholders of record, or $0.72 per share. During the year ended December 31, 2013, the Company paid in total approximately $26.7 million to all common shareholders of record, or $0.54 per share. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors. In determining dividends, the Board of Directors takes into consideration items such as general business conditions, financial performance, projected cash flows and anticipated financing needs. Future payments of dividends is also subject to the Company's Revolving Credit Facility, the indentures governing the Senior Floating Rate Notes and 5.75% Senior Notes, and the requirements of the Delaware General Corporation law.

Deferred Compensation Plan

The Company maintains a deferred compensation plan (“Deferred Compensation Plan”). This plan is available to directors and certain officers and managers of the Company. The plan allows participants to defer all or a portion of their directors’ fees and/or salary and annual bonuses, as applicable, and it permits participants to elect to contribute and defer all or any portion of their stock awards or restricted stock units (together "Deferred Stock"). All fees, salary and bonus deferrals to the participants’ accounts vest immediately. Company contributions vest according to the vesting schedules in the qualified plan, and Deferred Stock vests according to the schedule designated by the award. The Company makes matching contributions and retirement contributions currently equal to 6% of compensation over the qualified plan limits, whether or not the employee elects to defer any compensation. The Deferred Compensation Plan does not have dollar limits on tax-deferred contributions. A Rabbi Trust (“Trust”) has been established in connection with the Deferred Compensation Plan, and the Trust assets are available to satisfy the claims of the Company’s creditors in the event of bankruptcy or insolvency of the Company. Participants have the right to request that their account balances be determined by reference to specified investment alternatives (with the exception of the portion of the account which consists of Deferred Stock). With certain exceptions, these investment alternatives are the same alternatives offered to participants in the General Cable Retirement Savings Plan for Salaried Associates. Participants have the right to request that the Plan Administrator re-allocate the deferrals among available investment alternatives; provided, however, that the Plan Administrator is not required to honor such requests. Distributions from the Plan are generally made upon the participant's termination as a director and/or employee, as applicable, of the Company. Participants receive payments from the plan in cash, either as a lump sum payment or through equal annual installments from between one and ten years, except for the Deferred Stock, which the participants receive in shares of General Cable stock.

Assets of the Trust are invested in funds covering a variety of securities and investment strategies, approximately 69% are invested in mutual funds, 26% are invested in Deferred Stock and 5% are invested in the General Cable stock fund ("Stock Fund"). Mutual funds available to participants are publicly quoted and reported at market value. The Company accounts for these investments as trading securities in accordance with ASC 320 - Investments — Debt and Equity Securities. The Stock Fund that is held by the Trust is accounted for as discussed in ASC 718 - Compensation — Stock Compensation.

The market value of mutual fund investments and General Cable stock in the Trust was $31.9 million and $42.0 million as of December 31, 2014 and 2013, respectively. The market value of the assets held by the Trust, exclusive of the market value of the shares of the Deferred Stock and the Stock Fund in the Trust at December 31, 2014 and December 31, 2013 was $22.1 million and $22.2 million, respectively, and is classified as “other non-current assets” in the Consolidated Balance Sheets. Amounts payable to the plan participants at December 31, 2014 and 2013, excluding the market value of the shares of Deferred Stock was $23.5 million and $24.2 million, respectively, and is classified as “other liabilities” in the Consolidated Balance Sheets.

In accordance with ASC 710 - Compensation — General, all market value fluctuations of the Trust assets, exclusive of the shares of Deferred Stock and Stock Fund, are effectively offset by changes in the market value of the deferred compensation liability, which are included as compensation expense in the Consolidated Statements of Operations and Comprehensive Income (Loss).

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Restructuring and Review of Strategic Alternatives and Operational Structure (Tables)

12 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

Changes in the restructuring reserve and activity for the year ended December 31, 2014 are below (in millions):

	Employee Separation Costs			Asset-Related Costs			Other Costs			Total
Total expected restructuring charges	$	50.0		$	120.0		$	20.0		$	190.0
Balance, December 31, 2013	$	—		$	—		$	—		$	—
Net provisions	38.7			117.5			10.1			166.3
Net benefits charged against the assets	—			(117.5		)	(8.4		)	(125.9		)
Payments	(4.3		)	—			(0.7		)	(5.0		)
Foreign currency translation	(2.0		)	—			—			(2.0		)
Balance, December 31, 2014	$	32.4		$	—		$	1.0		$	33.4
Remaining expected restructuring charges	$	11.3		$	2.5		$	9.9		$	23.7

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Employee Benefit Plans (Accumulated Benefit Obligation) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 191.0	$ 169.9
Accumulated benefit obligation	190.1	169.4
Fair value of the plan assets	140.9	142.9
Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	134.3	115.4
Accumulated benefit obligation	122.6	104.5
Fair value of the plan assets	$ 44.8	$ 49.6

XML

Fair Value Disclosure (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 28, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment charge	$ 155.1	$ 0	$ 0
Intangible asset impairment charges	98.8	0	0
Asset impairment charges	158.3	14.0	0
July 2014 Restructuring Program [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost incurred to date	117.5
Venezuela [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment charges	29.3
BRAZIL [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Asset impairment charges	13.1
PDIC [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Goodwill impairment charge	155.1			155.1
Intangible asset impairment charges	$ 93.4			$ 93.4

XML

Redeemable Noncontrolling Interest

12 Months Ended

Dec. 31, 2014

Noncontrolling Interest [Abstract]

Redeemable Noncontrolling Interest

Redeemable Noncontrolling Interest

On October 1, 2012, the Company participated in a share subscription for 60% of the outstanding and issued shares of Procables; refer to Note 4 - Acquisitions and Divestitures for additional details. The Company determined that the Put Option is embedded within the noncontrolling interest shares that are subject to the Put Option. The redemption feature requires classification of the Minority Shareholder's interest in the Consolidated Balance Sheets outside of equity under the caption “Redeemable noncontrolling interest.”

The redeemable noncontrolling interest of Procables was recorded on the acquisition date based on the estimated fair value of the shares including the embedded Put Option. The fair value of the Put Option was estimated at the higher of the final per share purchase price or EBITDA average. At December 31, 2014, the final per share purchase price was greater than the EBITDA average; therefore, the redeemable noncontrolling interest was valued at the same cost as the fair value determined at the opening balance sheet date subject to foreign currency translation. Subsequent adjustments to the value of the redeemable noncontrolling interest due to the redemption feature, if any, will be recognized as they occur and recorded within net income (loss).

The following is a rollforward of the redeemable noncontrolling interest (in millions):

Balance, December 31, 2012	$	18.6
Foreign currency translation	(1.6		)
Balance, December 31, 2013	$	17.0
Foreign currency translation	(3.2		)
Balance, December 31, 2014	$	13.8

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Inventories (Schedule Of Inventories Stated At The Lower Of Cost Or Market Value) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Inventory, Net [Abstract]
Raw materials	$ 237.1	$ 319.1
Work in process	166.5	190.1
Finished goods	615.2	730.4
Total	$ 1,018.8	$ 1,239.6

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Share-Based Compensation (Narrative) (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	0
Cash received from stock option exercises	$ 0.3		$ 0.7		$ 0.1
Tax deductions for all share-based compensation	7.0		5.0
Excess tax benefit on share-based compensation	(0.5)	[1]	(0.7)	[1]	(0.6)	[1]
Weighted average fair value of options granted			$ 18.60		$ 18.20
Number of shares authorized	1,500,000
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax deductions for all share-based compensation	0.1		0.4		0.1
Weighted average fair value of options granted			$ 35.24		$ 32.50
Intrinsic value of options exercised	0.2		1.0		0.3
Fair value of shares vested	25.7		20.8		18.7
Compensation cost related to nonvested options not yet recognized	1.1		4.1
Weighted average recognition period	1 year 2 months 12 days		1 year 10 months 24 days
Nonvested Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Restricted Stock and Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of shares vested	8.1		6.2		7.0
Compensation cost related to nonvested options not yet recognized	14.7
Weighted average recognition period	1 year 10 months 27 days
Nonvested stock and restricted stock units	321,000
Weighted average grant price, per share expected to vested in next year	$ 29.90
Fair value of shares expected to vested in next year	$ 9.6
2005 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized shares to be granted	5,800,000
Shares reserved for future grants	1,800,000
2005 Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Expiration period	10 years
2000 Plan [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Expiration period	10 years
1997 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	4,700,000
1997 Plan [Member] | Nonvested Stock [Member] | From Second to Sixth Anniversary of Date of Grant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	6 years
1997 Plan [Member] | Nonvested Stock [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	3 years
1997 Plan [Member] | Nonvested Stock [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period	5 years

[1] Cash inflows (outflows) recognized as financing and operating activities in the Company’s consolidated statement of cash flows

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Consolidated Statements of Changes in Total Equity (USD $)	Total		Total GCC Equity [Member]	Preferred Stock [Member]	Common Stock [Member]	Add'l Paid in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2011	$ 1,437,900,000		$ 1,325,400,000	$ 3,800,000	$ 600,000	$ 666,700,000	$ (136,500,000)	$ 888,200,000	$ (97,400,000)	$ 112,500,000
Beginning Balance, shares at Dec. 31, 2011				76,000	49,698,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	4,600,000		(2,900,000)					4,300,000	(7,200,000)	7,500,000
Preferred stock dividend	(300,000)		(300,000)					(300,000)
Stock option and RSU expense	10,000,000		10,000,000			10,000,000
Exercise of stock options	100,000		100,000			100,000
Exercise of stock options, shares					14,000
Treasury shares related to nonvested stock vesting	(800,000)		(800,000)				(800,000)
Treasury shares related to nonvested stock vesting, shares					(25,000)
Amortization of nonvested shares	2,300,000		2,300,000			2,300,000
Excess tax benefits (deficiencies) from stock-based compensation	(600,000)	[1]	(600,000)			(600,000)
Dividends paid to noncontrolling interest	(3,500,000)									(3,500,000)
Repurchase of common shares	(1,200,000)		(1,200,000)				(1,200,000)
Repurchase of common shares, shares					(50,000)
Other	(300,000)		(300,000)			(1,800,000)	1,500,000			0
Other, shares					56,000
Ending Balance at Dec. 31, 2012	1,448,200,000		1,331,700,000	3,800,000	600,000	676,700,000	(137,000,000)	892,200,000	(104,600,000)	116,500,000
Ending Balance, shares at Dec. 31, 2012				76,000	49,693,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(24,700,000)		(25,300,000)					(17,800,000)	(7,500,000)	600,000
Common stock dividends paid	(26,700,000)		(26,700,000)					(26,700,000)
Preferred stock dividend	(300,000)		(300,000)					(300,000)
Stock option and RSU expense	12,000,000		12,000,000			12,000,000
Exercise of stock options	600,000		600,000			(100,000)	700,000
Exercise of stock options, shares					51,000
Treasury shares related to nonvested stock vesting	(1,000,000)		(1,000,000)				(1,000,000)
Treasury shares related to nonvested stock vesting, shares					(32,000)
Amortization of nonvested shares	1,000,000		1,000,000			1,000,000
Excess tax benefits (deficiencies) from stock-based compensation	(700,000)	[1]	(700,000)			(700,000)
Purchase of noncontrolling interest	(4,000,000)		8,200,000			8,200,000				(12,200,000)
Dividends paid to noncontrolling interest	(5,300,000)									(5,300,000)
Repurchase of common shares	(19,500,000)		(19,500,000)				(19,500,000)
Repurchase of common shares, shares					(597,000)
Conversion of Preferred Stock				(3,800,000)		3,800,000
Conversion of Preferred Stock, shares				(76,000)	384,000
Other	200,000		200,000			(1,300,000)	1,500,000
Other, shares					99,000
Ending Balance at Dec. 31, 2013	1,379,800,000		1,280,200,000	0	600,000	699,600,000	(155,300,000)	847,400,000	(112,100,000)	99,600,000
Ending Balance, shares at Dec. 31, 2013				0	49,598,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income (loss)	(773,600,000)		(778,900,000)					(627,600,000)	(151,300,000)	5,300,000
Common stock dividends paid	(35,400,000)		(35,400,000)					(35,400,000)
Sale of Philippines	(31,500,000)									(31,500,000)
Stock option and RSU expense	14,500,000		14,500,000			14,500,000
Exercise of stock options	300,000		300,000			(100,000)	400,000
Exercise of stock options, shares	19,700				20,000
Treasury shares related to nonvested stock vesting	(1,800,000)		(1,800,000)				(1,800,000)
Treasury shares related to nonvested stock vesting, shares					(63,000)
Amortization of nonvested shares	200,000		200,000			200,000
Excess tax benefits (deficiencies) from stock-based compensation	(500,000)	[1]	(500,000)			(500,000)
Purchase of noncontrolling interest	(700,000)		(1,900,000)			(1,900,000)				1,200,000
Dividends paid to noncontrolling interest	(6,200,000)									(6,200,000)
Repurchase of common shares	(30,700,000)		(30,700,000)				(30,700,000)
Repurchase of common shares, shares					(1,000,000)
Other	(1,200,000)		6,100,000			3,000,000	3,100,000			(7,300,000)
Other, shares					128,000
Ending Balance at Dec. 31, 2014	$ 513,200,000		$ 452,100,000	$ 0	$ 600,000	$ 714,800,000	$ (184,300,000)	$ 184,400,000	$ (263,400,000)	$ 61,100,000
Ending Balance, shares at Dec. 31, 2014				0	48,683,000

[1] Cash inflows (outflows) recognized as financing and operating activities in the Company’s consolidated statement of cash flows

XML

Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Statement and Statement of Other Comprehensive Income [Abstract]
Defined benefit plan adjustments, tax	$ 14.6	$ 16.8	$ 7.3
Change in fair value of derivatives, tax	$ 0	$ 0.2	$ 3.0

XML

Accrued Liabilities

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Accrued liabilities consisted of the following (in millions):

	Dec 31, 2014		Dec 31, 2013
Payroll related accruals	$	75.0	$	83.8
Customers deposits and prepayments	64.2		93.2
Taxes other than income	30.4		36.5
Customer rebates	42.6		50.6
Insurance claims and related expenses	21.5		21.1
Current and deferred income tax liabilities	23.0		21.9
Derivative liability	7.1		7.0
Restructuring reserve	33.4		—
FCPA accrual	24.0		—
Other accrued liabilities	86.0		120.8
Total	$	407.2	$	434.9

XML

Employee Benefit Plans (Fair Value Measurements Classified as Level 3) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Ending fair value of plan assets	$ 186.7		$ 194.5
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Ending fair value of plan assets	3.7		4.0
Coal Lease [Member]
Defined Benefit Plan Disclosure [Line Items]
Ending fair value of plan assets	3.7	[1]	4.0	[1]
Coal Lease [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning fair value of plan assets	4.0	[1]	4.2
Change in fair value of plan assets	(0.3)		(0.2)
Ending fair value of plan assets	$ 3.7	[1]	$ 4.0	[1]

[1] The Company’s interest represents approximately 26% of the lease which is currently between American Premier Underwriters (APU), the Lessor and CONSOL Energy (CONSOL), the Lessee. The lease pertains to real property mined by CONSOL located in Pennsylvania.

XML

Income Taxes (Deferred Tax Assets and Liabilities) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Deferred tax assets:
Net operating loss carryforwards	$ 117.9	$ 98.3
Pension and retiree benefits accruals	44.7	33.0
Inventory	9.3	12.8
Depreciation and fixed assets	13.6	12.0
Tax credit carryforwards	9.8	9.3
Other liabilities	72.3	67.7
Valuation allowance	(145.4)	(93.8)
Total deferred tax assets	122.2	139.3
Deferred tax liabilities:
Convertible debt discount	186.2	165.7
Inventory	1.8	1.2
Depreciation and fixed assets	43.2	87.4
Intangibles	13.5	42.8
Other	12.2	11.0
Total deferred tax liabilities	256.9	308.1
Net deferred tax assets (liabilities)	$ (134.7)	$ (168.8)

XML

Income Taxes (Components of Income Tax Expense (Benefit)) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Current tax expense (benefit):
Federal	$ (7.4)	$ (11.5)	$ 12.0
State	0.5	(0.2)	3.4
Foreign	29.6	51.9	52.6
Deferred tax expense (benefit):
Federal	15.1	9.0	5.7
State	0.7	(0.6)	(0.6)
Foreign	(30.2)	(9.8)	5.5
Income tax expense (benefit)	$ 8.3	$ 38.8	$ 78.6

XML

Unconsolidated Affiliated Companies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Ownership threshold, investment as equity method	50.00%
Equity in earnings of affiliated companies	$ 1.4	$ 1.7	$ 1.7
Unconsolidated affiliated companies	$ 17.5	$ 19.0
PDTL Trading Company Ltd. [Member]
Ownership percentage in affiliated companies, less than	49.00%
Colada Continua Chilean, S.A. [Member]
Ownership percentage in affiliated companies, less than	41.00%
Nostag GmbH & Co. KG [Member]
Ownership percentage in affiliated companies, less than	33.00%
Pakistan Cables Limited [Member]
Ownership percentage in affiliated companies, less than	24.60%
Keystone Electric Wire & Cable Co., Ltd. [Member]
Ownership percentage in affiliated companies, less than	20.00%
Thai Copper Rod Company Ltd. [Member]
Ownership percentage in affiliated companies, less than	18.00%

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Supplemental Guarantor Condensed Financial Information (Parent Company Long-Term Financing Arrangements) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 15, 2009
Current portion of long-term debt	$ 403.5	$ 250.3
Long-term debt	933.9	1,136.6
Debt maturities 2015	403.5
Debt maturities 2016	13.0
Debt maturities 2017	1.8
Debt maturities 2018	137.7
Debt maturities 2019	0.8
Parent Company [Member]
Current portion of long-term debt	125.0	0
Long-term debt	778.8	902.0
Debt maturities 2015	125.0
Debt maturities 2016	0
Debt maturities 2017	0
Debt maturities 2018	0
Debt maturities 2019	0
North America [Member] | Parent Company [Member]
Face Value	903.8	902.0
Current portion of long-term debt	125.0	0
Long-term debt	778.8	902.0
North America [Member] | 5.75% Senior Notes due 2022 [Member]
Face Value	600.0	600.0
North America [Member] | 5.75% Senior Notes due 2022 [Member] | Parent Company [Member]
Face Value	600.0	600.0
North America [Member] | Subordinated Convertible Notes Due 2029 [Member]
Face Value	429.5	429.5	162.9
Debt discount	(259.7)	(261.5)	(266.6)
North America [Member] | Subordinated Convertible Notes Due 2029 [Member] | Parent Company [Member]
Face Value	429.5	429.5
Debt discount	(259.7)	(261.5)
North America [Member] | 0.875% Convertible Notes Due 2013 [Member] | Parent Company [Member]
Face Value	0	0
Debt discount	0	0
North America [Member] | Senior Floating Rate Notes [Member] | Parent Company [Member]
Face Value	125.0	125.0
North America [Member] | Other Debt [Member]
Face Value	9.0	9.0
North America [Member] | Other Debt [Member] | Parent Company [Member]
Face Value	$ 9.0	$ 9.0

XML

Earnings Per Common Share (Impact Of Company's Stock Price On Assuming Dilution Calculation For The Subordinated Convertible Notes) (Details) (Subordinated Convertible Notes Due 2029 [Member], USD $)	12 Months Ended
	Dec. 31, 2014
Share Price	$ 36.75
$36.75 [Member]
Share Price	$ 36.75
Incremental common shares attributable to contingently issuable shares	0
$38.75 [Member]
Share Price	$ 38.75
Incremental common shares attributable to contingently issuable shares	603,152
$40.75 [Member]
Share Price	$ 40.75
Incremental common shares attributable to contingently issuable shares	1,147,099
$42.75 [Member]
Share Price	$ 42.75
Incremental common shares attributable to contingently issuable shares	1,640,151
$44.75 [Member]
Share Price	$ 44.75
Incremental common shares attributable to contingently issuable shares	2,089,131
Total Treasury Method Incremental Shares [Member] | $36.75 [Member]
Incremental common shares attributable to contingently issuable shares	0	[1]
Total Treasury Method Incremental Shares [Member] | $38.75 [Member]
Incremental common shares attributable to contingently issuable shares	603,152	[1]
Total Treasury Method Incremental Shares [Member] | $40.75 [Member]
Incremental common shares attributable to contingently issuable shares	1,147,099	[1]
Total Treasury Method Incremental Shares [Member] | $42.75 [Member]
Incremental common shares attributable to contingently issuable shares	1,640,151	[1]
Total Treasury Method Incremental Shares [Member] | $44.75 [Member]
Incremental common shares attributable to contingently issuable shares	2,089,131	[1]

[1] Represents the number of incremental shares that must be included in the calculation of fully diluted shares under U.S. GAAP.

XML

Document And Entity Information (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Feb. 17, 2015	Jun. 27, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	GENERAL CABLE CORP /DE/
Entity Central Index Key	0000886035
Document Type	10-K
Document Period End Date	Dec. 31, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 1,208.2
Entity Common Stock, Shares Outstanding		48,868,767

XML

Venezuelan Operations (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Mar. 28, 2014	Jan. 24, 2014	Feb. 13, 2013	Feb. 12, 2013	Dec. 31, 2011	Jun. 27, 2014
Schedule of International Operations [Line Items]
Foreign currency exchange rate, translation	6.30				6.30	6.30	4.30	4.30
Settlement for foreign currency translation adjustments payable, pending amount	$ 44.3
Foreign currency transaction loss	(30.3)	(3.9)
Goodwill impairment charge	155.1	0	0
Indefinite-lived intangible asset impairment charge	98.8	0	0
Asset impairment charges	158.3	14.0	0
Charge for the long-term value added tax receivable	10.3
Assets	3,366.7	4,578.9
Liabilities	2,839.7	3,182.1
PDIC [Member]
Schedule of International Operations [Line Items]
Goodwill impairment charge	155.1			155.1
Indefinite-lived intangible asset impairment charge	93.4			93.4
Venezuela [Member]
Schedule of International Operations [Line Items]
Loss due to currency devaluation		40.9
Maximum percent of profit margin that may be allowed due to price controls	30.00%
Foreign currency transaction loss		17.0
Asset impairment charges	29.3
Inventory, lower of cost or market charges recognized	9.5
Assets	43.0	367.0
Liabilities	51.0	103.0
Percent of revenue	2.00%	4.00%
Percent of operating income (loss)	27.00%	31.00%
Venezuela [Member] | Accounts Receivable [Member]
Schedule of International Operations [Line Items]
Assets	2.0	40.0
Venezuela [Member] | BsF Denominated Monetary Items [Member]
Schedule of International Operations [Line Items]
Assets	37.0	238.0
Percent of revenue	100.00%	99.00%
Percent of cost of goods sold	66.00%	41.00%
Venezuela [Member] | BsF Denominated Monetary Items [Member] | Cash [Member]
Schedule of International Operations [Line Items]
Assets	31.0	194.0
Venezuela [Member] | BsF Denominated Monetary Items [Member] | Accounts Payable [Member]
Schedule of International Operations [Line Items]
Liabilities	7.0	65.0
Venezuela [Member] | U.S. Dollar Denominated Monetary Items [Member]
Schedule of International Operations [Line Items]
Pending liabilities		37.6
Percent of revenue	0.00%	1.00%
Percent of cost of goods sold	34.00%	59.00%
Intercompany payables and accounts payable settled	5.7	55.9
Pending liabilities, less than 30 days		22.4
Pending liabilities, less than 180 days		15.1
Pending liabilities, grater than 180 days		0.1
Venezuela [Member] | Rate of 6.30 BsF per U.S. Dollar [Member]
Schedule of International Operations [Line Items]
Payment of copper imports, approved amount	4.9
Venezuela [Member] | Rate of 4.30 BsF per U.S. Dollar [Member]
Schedule of International Operations [Line Items]
Payment of copper imports, approved amount	0.8
SICAD 1 Rate [Member]
Schedule of International Operations [Line Items]
Foreign currency exchange rate, translation				10.8
Awarded amount	11.2								15.2
Awarded amount, not authorized for payment	11.2
SICAD 1 Rate [Member] | Venezuela [Member]
Schedule of International Operations [Line Items]
Loss due to currency devaluation	83.1
Foreign currency transaction loss	(90.2)
SICAD 2 Rate [Member]
Schedule of International Operations [Line Items]
Foreign currency exchange rate, translation	50
SICAD 2 Rate [Member] | Venezuela [Member] | U.S. Dollar Denominated Monetary Items [Member]
Schedule of International Operations [Line Items]
Pending liabilities	$ 44.3

XML

Long-Term Debt

12 Months Ended

Dec. 31, 2014

Long-term Debt, Unclassified [Abstract]

Long-Term Debt

Long-Term Debt

(in millions)	Dec 31, 2014			Dec 31, 2013
North America
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(259.7		)	(261.5		)
Senior Floating Rate Notes	125.0			125.0
Revolving Credit Facility	136.8			225.0
Other	9.0			9.0
Europe
Credit facilities	—			0.3
Other	10.5			10.3
Latin America credit facilities	238.6			179.6
Africa/Asia Pacific credit facilities	47.7			69.7
Total debt	1,337.4			1,386.9
Less current maturities	403.5			250.3
Long-term debt	$	933.9		$	1,136.6

At December 31, 2014, maturities of long-term debt during the twelve month periods beginning December 31, 2015 through December 31, 2019 and thereafter were $403.5 million, $13.0 million, $1.8 million, $137.7 million and $0.8 million, respectively, and $780.6 million thereafter.

The fair value of the Company's long-term debt, as noted below, was estimated using quoted market prices.

5.75% Senior Notes due 2022

The Company's 5.75% Senior Notes are summarized in the table below:

	5.75% Senior Notes
(in millions)	December 31, 2014			December 31, 2013
Face Value	$	600.0		$	600.0
Fair Value (Level 2)	483.0			588.0
Stated Interest Rate	5.75		%	5.75		%
Interest Payment	Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022
Guarantee	Jointly and severally guaranteed by the Company's wholly owned U.S. subsidiaries

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875	%
	October 1, 2018	101.917	%
	October 1, 2019	100.958	%
	October 1, 2020 and thereafter	100.000	%

(1) The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

The 5.75% Senior Notes' indenture contains covenants that limit the ability of the Company and certain of its subsidiaries to (i) incur additional indebtedness and guarantee indebtedness; (ii) pay dividends or make other distributions or repurchase or redeem the Company's capital stock; (iii) purchase, redeem or retire debt; (iv) issue certain preferred stock or similar equity securities; (v) make loans and investments; (vi) sell assets; (vii) incur liens; (viii) enter into transactions with affiliates; (ix) enter into agreements restricting the Company's subsidiaries' ability to pay dividends; and (x) consolidate, merge or sell all or substantially all assets. However, these covenants are subject to exceptions and qualifications.

The 5.75% Senior Notes may also be repurchased at the option of the holders in connection with a change of control (as defined in the indenture governing the 5.75% Senior Notes) or in connection with certain asset sales.

Subordinated Convertible Notes

The Company’s Subordinated Convertible Notes Due 2029 outstanding as of December 31, 2014 and 2013 are as follows:

	Subordinated Convertible Notes Due 2029
(in millions)	Dec 31, 2014			Dec 31, 2013
Face value	$	429.5		$	429.5
Debt discount	(259.7		)	(261.5		)
Book value	169.8			168.0
Fair value (Level 1)	313.1			462.8
Maturity date	Nov 2029
Stated annual interest rate	4.50% until Nov 2019 2.25% until Nov 2029
Interest payments	Semi-annually: May 15 & Nov 15

The Company’s Subordinated Convertible Notes were issued on December 18, 2009 in the amount of $429.5 million. The notes and the common stock issuable upon conversion were registered on a Registration Statement on Form S-4, initially filed with the SEC on October 27, 2009, as amended and as declared effective by the SEC on December 18, 2009. At issuance, the Company separately accounted for the liability and equity components of the instrument, based on the Company’s nonconvertible debt borrowing rate on the instrument’s issuance date of 12.5%. At issuance, the liability and equity components were $162.9 million and $266.6 million, respectively. The equity component (debt discount) is being amortized to interest expense based on the effective interest method. The Subordinated Convertible Notes were issued to complete an exchange offer; therefore, all proceeds were used to extinguish the Company's previously held 1.00% Senior Convertible Notes due 2012. The Company incurred issuance fees and expenses of approximately $14.5 million as a result of the exchange offer which have been proportionately allocated to the liability and equity components of the new subordinate notes due in 2029. Additional terms have been summarized in the table below.

The Company’s Subordinated Convertible Notes and terms are summarized in the tables below. For a discussion of the effects on earnings per share, refer to Note 17 - Earnings Per Common Share.

	Subordinated Convertible Notes due 2029 (1)
Conversion Rights — The notes are convertible at the option of the holder into the Company’s common stock upon the occurrence of certain events, including	(i) during any calendar quarter commencing after March 31, 2010, in which the closing price of the Company’s common stock is greater than or equal to 130% of the conversion price for at least 20 trading days during the period of 30 consecutive trading days ending on the last trading day of the preceding calendar quarter (establishing a contingent conversion price of $47.78);
	(ii) during any five business day period after any five consecutive trading day period in which the trading price per $1,000 principal amount of the notes for each day of that period is less than 98% of the product of the closing sale price of the Company’s common stock and the applicable conversion rate;
	(iii) certain distributions to holders of the Company’s common stock are made or upon specified corporate transactions including a consolidation or merger;
	(iv) a fundamental change as defined; and
	(v) at any time during the period beginning on August 31, 2029 and ending on the close of business on the business day immediately preceding the stated maturity date.
	(vi) On or after November 15, 2019, the Company may redeem all or a part of the notes for cash at a price equal to 100% of the principal amount of the notes, plus interest, if the price of our common stock has been at least 150% of the conversion price then in effect for at least 20 trading days during the 30 consecutive trading day period immediately preceding the date on which notice is given
Initial conversion rate	$36.75 per share — approximating 27.2109 shares per $1,000 principal amount of notes
Upon conversion	A holder will receive, in lieu of common stock, an amount of cash equal to the lesser of (i) the principal amount of the notes, or (ii) the conversion value, determined in the manner set forth in the indenture governing the notes, of a number of shares equal to the conversion rate.
	If the conversion value exceeds the principal amount of the notes on the conversion date, the Company will also deliver, at the Company’s election, cash or common stock or a combination of cash and common stock with respect to the conversion value upon conversion.
	If conversion occurs in connection with a “fundamental change” as defined in the notes indenture, the Company may be required to repurchase the notes for cash at a price equal to the principal amount plus accrued but unpaid interest.
	If conversion occurs in connection with certain changes in control, the Company may be required to deliver additional shares of the Company’s common stock (a “make whole” premium) by increasing the conversion rate with respect to such notes.
Share issuable upon conversion	The Company may issue additional share up to 11,686,075 under almost all conditions and up to 14,315,419 under the “make-whole” premium
Guarantee	None

(1) In the event of a “fundamental change” or exceeding the aforementioned average pricing thresholds, the Company would be required to classify the amount outstanding as a current liability.

Senior Floating Rate Notes

	Senior Floating Rate Notes
(in millions)	Dec 31, 2014			Dec 31, 2013
Face value	$	125.0		$	125.0
Fair value (Level 1)	123.8			124.1
Interest rate	2.6		%	2.6		%
Interest payment	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	Apr 2015
Guarantee	Jointly and severally guaranteed by the Company’s wholly-owned U.S. subsidiaries

The Company may, at its option, redeem the Senior Floating Rate Notes, in whole or in part, at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest and unpaid interest. The Senior Floating Rate Notes may also be repurchased at the option of the holders in connection with a change of control (as determined in the indenture governing the Senior Floating Rate Notes) or in connection with certain asset sales.

The Senior Floating Rate Notes’ indenture contains covenants that limit the ability of the Company and certain of its subsidiaries to (i) pay dividends on, redeem or repurchase the Company’s capital stock; (ii) incur or guarantee additional indebtedness; (iii) make investments; (iv) create liens; (v) sell assets; (vi) engage in certain transactions with affiliates; (vii) create or designate unrestricted subsidiaries; and (viii) consolidate, merge or transfer all or substantially all assets. However, these covenants are subject to important exceptions and qualifications, one of which will permit the Company to declare and pay dividends or distributions so long as there is no default on the Notes and the Company meets certain financial conditions.

Proceeds from the Senior Floating Rate Notes, combined with the $200.0 million7.125% Senior Notes that were repaid in 2013, less approximately $7.9 million of cash payments for fees and expenses that are being amortized over the life of the Notes, were used to pay approximately $285.0 million for the 9.5% Senior Notes, $9.3 million for accrued interest on the 9.5% Senior Notes and $20.5 million for tender fees and the inducement premium on the 9.5% Senior Notes, leaving net cash proceeds of approximately $2.3 million which were used for general corporate purposes.

Asset-Based Revolving Credit Facility (“Revolving Credit Facility”)

On July 21, 2011, the Company entered into a $400 million Revolving Credit Facility, which was first amended in 2012 to increase the facility size to $700 million and then subsequently amended and restated on September 6, 2013 and further amended on October 22, 2013, May 20, 2014, September 23, 2014 and October 28, 2014, to, among other things, increase the Revolving Credit Facility to $1.0 billion, $630 million of which may be borrowed by the U.S. borrower, $300 million of which may be borrowed by the European borrowers and $70 million of which may be borrowed by the Canadian borrower. The Revolving Credit Facility contains restrictions including limitations on, among other things, distributions and dividends, acquisitions and investments, indebtedness, liens and affiliate transactions. The Revolving Credit Facility provides the Company with flexibility and the restrictions in the Revolving Credit Facility generally only apply in the event that the Company's availability under the Revolving Credit Facility falls below certain specific thresholds.

The Revolving Credit Facility has a maturity date of September 6, 2018. The maturity date of the Revolving Credit Facility would have automatically become due December 31, 2014, if the Company's Senior Floating Rate Notes were not refinanced with indebtedness that matures or is mandatorily redeemable or is redeemable at the option of the holders thereof not earlier than the date that is 6 months after September 6, 2018 unless, if such notes were not refinanced, there was at least $100 million of availability under the Revolving Credit Facility and the fixed charge coverage ratio (as defined in the Revolving Credit Facility) was not less than 1.15 to 1.00, in each case after giving pro forma effect to the repayment of such notes. In the fourth quarter, the Company obtained a limited waiver eliminating the pro forma effect to the repayment of the notes for the calculation of the fixed charge coverage ratio. Based on the modified calculation the Company was in compliance as of December 31, 2014. The fixed charge coverage ratio was 1.29 to 1.00 at December 31, 2014. The commitment amount under the Revolving Credit Facility may be increased by an additional $250 million, subject to certain conditions and approvals as set forth in the Revolving Credit Facility. The Company capitalized $4.9 million in 2013 and $2.3 million in 2012 in deferred financing costs in connection with the Revolving Credit Facility. The Revolving Credit Facility requires maintenance of a minimum fixed charge coverage ratio of 1.00 to 1.00 if availability under the Revolving Credit Facility is less than the greater of $100 million or 10% of the then existing aggregate lender commitment under the Revolving Credit Facility. The fair value of the Revolving Credit Facility approximates the carrying value.

Indebtedness under our Revolving Credit Facility is secured by: (a) for US borrowings under the facility, a first priority security interest in substantially all of our domestic assets and, (b) for Canadian and European borrowings under the facility, a first priority security interest in substantially all of our domestic and Canadian assets and certain assets of our Spanish, French and German subsidiaries party to the facility.   In addition, the lenders under our Revolving Credit Facility have received a pledge of (i) 100% of the equity interests in all of the Company's domestic subsidiaries, and (ii) 65% of the voting equity interests in and 100% of the non-voting equity interests in certain of our foreign subsidiaries, including our Canadian subsidiaries and our Spanish, French and German subsidiaries party to the Revolving Credit Facility. Borrowings under the Revolving Credit Facility bear interest at interest rate bases elected by the Company plus an applicable margin calculated quarterly based on the Company's average availability and Total Consolidated Leverage Ratio as set forth in the credit agreement. The Revolving Credit Facility also requires the payment of a commitment fee equal to the available but unused commitments multiplied by an applicable margin of either 0.25% or 0.375% based on the average daily unused commitments.

The Company's Revolving Credit Facility as of the respective dates is summarized in the table below:

	Revolving Credit Facility
(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	136.8		$	225.0
Total credit under facility	1,000.0			1,000.0
Undrawn availability(1)	425.0			298.4
Interest rate	2.1		%	2.0		%
Outstanding letters of credit	$	58.5		$	112.7
Original issuance	Jul 2011
Maturity date	Sept 2018

^{(1) Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2014 is $257.7 million, $54.3 million and $113.0 million, respectively.}  

^{Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 is $102.1 million, $53.1 million and $143.2 million, respectively.}  

Latin America Credit Facilities

The Company’s Latin America credit facilities are summarized in the table below:

(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	238.6		$	179.6
Undrawn availability	79.6			204.4
Interest rate — weighted average	6.1		%	4.2		%
Maturity date	Various; $228.2 million due within one year

The Company’s Latin America credit facilities are short term loans utilized for working capital purposes. The fair value of the Latin America credit facilities approximates the carrying value due to the short term nature of the facilities.

Africa/Asia Pacific Credit Facilities

The Company’s Africa/Asia Pacific credit facilities are summarized in the table below:

(in millions)	Dec 31, 2014			Dec 31, 2013
Outstanding borrowings	$	47.7		$	69.7
Undrawn availability	62.0			125.3
Interest rate — weighted average	5.3		%	5.1		%
Maturity date	Various; $47.7 million due within one year

The Company’s Africa/Asia Pacific credit facilities are short term loans utilized for working capital purposes. The fair value of the Africa/Asia Pacific credit facilities approximates the carrying value due to the short term nature of the facilities.

XML

Long-Term Debt (Subordinated Convertible Notes and Terms) (Details) (Subordinated Convertible Notes Due 2029 [Member], USD $)	12 Months Ended
	Dec. 31, 2014
Debt Instrument [Line Items]
Debt instrument, beginning date	Aug. 31, 2029
Conversion price per share	$ 36.75
Conversion, shares per $1,000 principal amount of notes	27.2109
Principal amount of notes	$ 1,000
Common stock covered under note hedges	11,686,075
Make-Whole [Member]
Debt Instrument [Line Items]
Common stock covered under note hedges	14,315,419
Any Calendar Quarted after March 31, 2010 [Member]
Debt Instrument [Line Items]
Closing price as percent	130.00%
Consecutive trading days	30 days
Contingent, conversion price	$ 47.78
Any Calendar Quarted after March 31, 2010 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Trading days	20 days
During Any Five Business Days [Member]
Debt Instrument [Line Items]
Closing price as percent	98.00%
During Any Five Business Days [Member] | Minimum [Member]
Debt Instrument [Line Items]
Trading days	5 days
On or After November 15, 2019 [Member]
Debt Instrument [Line Items]
Closing price as percent	150.00%
Consecutive trading days	30 days
On or After November 15, 2019 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Trading days	20 days

XML

Income Taxes (Income before Income Tax, Domestic and Foreign) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
United States	$ (5.1)	$ 2.0	$ 38.4
Foreign	(631.0)	25.0	48.5
Income (loss) before income taxes	$ (636.1)	$ 27.0	$ 86.9

XML

Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents	$ 205.8	$ 418.8
Receivables, net of allowances of $32.0 million in 2014 and $39.2 million in 2013	1,007.0	1,171.7
Inventories	1,018.8	1,239.6
Deferred income taxes	32.4	50.2
Prepaid expenses and other	106.4	126.2
Assets held for sale	25.7	0
Total current assets	2,396.1	3,006.5
Property, plant and equipment, net	758.4	1,092.0
Deferred income taxes	24.8	15.8
Goodwill	26.1	184.6
Intangible assets, net	65.1	182.9
Unconsolidated affiliated companies	17.5	19.0
Other non-current assets	78.7	78.1
Total assets	3,366.7	4,578.9
Current Liabilities:
Accounts payable	672.1	870.6
Accrued liabilities	407.2	434.9
Current portion of long-term debt	403.5	250.3
Total current liabilities	1,482.8	1,555.8
Long-term debt	933.9	1,136.6
Deferred income taxes	183.0	233.8
Other liabilities	240.0	255.9
Total liabilities	2,839.7	3,182.1
Commitments and Contingencies (See Note 19)
Redeemable noncontrolling interest	13.8	17.0
Total Equity:
Common stock, $0.01 par value, issued and outstanding shares: 2014 — 48,683,493 (net of 10,126,473 treasury shares), 2013 — 49,598,653 (net of 9,211,857 treasury shares)	0.6	0.6
Additional paid-in capital	714.8	699.6
Treasury stock	(184.3)	(155.3)
Retained earnings	184.4	847.4
Accumulated other comprehensive income (loss)	(263.4)	(112.1)
Total Company shareholders’ equity	452.1	1,280.2
Noncontrolling interest	61.1	99.6
Total equity	513.2	1,379.8
Total liabilities, redeemable noncontrolling interest and equity	$ 3,366.7	$ 4,578.9

XML

Acquisitions and Divestitures

12 Months Ended

Dec. 31, 2014

Business Combinations and Divestitures [Abstract]

Acquisitions and Divestitures

Acquisitions and Divestitures

Acquisitions

There were no acquisitions made in the years ended December 31, 2014 or 2013. The following acquisitions were made in the year ended December 31, 2012:

Alcan Cable North America

On September 4, 2012, the Company completed the acquisition of the North American business of Alcan Cable North America for $151.0 million, subject to additional customary adjustments of $20.3 million as anticipated in the purchase agreement, primarily related to estimated working capital levels at closing. The Company paid $171.3 million in cash to the sellers at closing in consideration for the North American business and expensed $3.3 million in fees and expenses related to the acquisition, reported within SG&A.

Alcan Cable North America employs over 750 employees in North America and is a leading supplier of aluminum strip products and a leading supplier of both electrical and mechanical rod alloys around the globe. The acquisition was completed to create synergies, expand the range of product offerings, increase production capacity and complement the Company's current investments in Mexico.

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	September 4, 2012
Cash	$	—
Accounts receivable (1). (2)	74.7
Inventories(2)	70.7
Property, plant and equipment	72.7
Intangible assets	5.9
Goodwill(2)	3.5
Other current and noncurrent assets	2.2
Total assets	$	229.7
Current liabilities(2)	$	57.1
Other liabilities	1.3
Total liabilities	$	58.4

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

(2) Final purchase price accounting includes immaterial adjustments to Goodwill and other working capital accounts of approximately $4.3 million.

The primary factors that contributed to the acquisition price in excess of the fair value of net assets acquired and the establishment of goodwill was the expansion of product lines and production capacity in the United States and Canada as well as the strategic benefit of adding additional presence in the Mexican market. The resulting goodwill is amortizable for tax purposes.

Productora de Cables Procables S.A.S. (“Procables”)

On October 1, 2012, the Company participated in a share subscription for 60% of the outstanding and issued shares of Procables. The existing shareholders immediately prior to the subscription (the “Sellers” or “Minority Shareholders”) maintained control of the remaining 40% of the shares. The Company contributed $27.4 million to Procables in exchange for its 60% ownership interest. Procables used $24.0 million of the proceeds from the subscription to reduce its then existing debt of $48.1 million. The Company and the Minority Shareholders also agreed to certain put and call options with regard to the remaining 40% interest in Procables retained by the Minority Shareholders. For a 36-month period commencing on the fifth anniversary of the closing date, the Minority Shareholders may exercise a put option to sell their entire 40% interest in Procables to the Company. The Company shall be irrevocably obligated to purchase the shares (the "Put Option"). In addition, the Company has a call option (the "Call Option") to purchase the Minority Shareholders’ 40% interest in Procables, during the 36-month period commencing on the expiration of the Put Option period. The consideration to be exchanged, per share in the event of a Put Option or Call Option shall be the higher of the following (1) the final per share purchase price; or (2) a price per share based on the Company's enterprise value equal to seven times the average of its earnings before interest, taxes, depreciation and amortization (“EBITDA”) over the two most recently audited year-end financial statements immediately prior to the option being exercised, minus the 12-month average Net Indebtedness, as defined in the agreement, of the Company for the most recent audited fiscal year (“EBITDA average”). The Company determined that the Put Option is embedded within the noncontrolling interest shares that are subject to the Put Option. The redemption feature requires classification of the Minority Shareholder's interest in the Consolidated Balance Sheets outside of equity under the caption “Redeemable noncontrolling interest.” Refer to Note 16 - Redeemable Noncontrolling Interest for details of the put and call option. The Company expensed $0.6 million in fees and expenses related to the acquisition, reported within SG&A.

Procables employs over 500 employees, through its two manufacturing facilities in Bogota and Barranquilla, Colombia, and offers a broad range of wire and cable products, including low and medium voltage power cables, building wire, industrial, communications, and bare aluminum conductors as well as operating copper and aluminum rod mills. The acquisition of Procables was completed to enhance the Company's presence in the Andean Region, create synergies, increase production capacity and complement the Company's existing investments in Latin America.

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	October 1, 2012
Cash	$	28.8
Accounts receivable (1)	28.2
Inventories	19.3
Property, plant and equipment	27.0
Intangible assets	10.6
Goodwill	3.7
Other current and noncurrent assets	4.4
Total assets	$	122.0
Current liabilities	$	67.8
Other liabilities	8.5
Total liabilities	$	76.3
Redeemable noncontrolling interest	$	18.3

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

The primary factor which contributed to an acquisition price in excess of the fair value of net assets acquired and the establishment of goodwill was the strategy to enhance the Company's presence in this strategically important market in the Andean Region further solidifying the Company's geographic coverage throughout the Americas. The resulting goodwill is not amortizable for tax purposes.

Prestolite Wire, LLC ("Prestolite")

On November 2, 2012, the Company acquired Prestolite for $59.5 million. The operations include two manufacturing locations in Paragould, Arkansas and Nogales, Mexico. The Company expensed $0.6 million in fees and expenses related to the acquisition, reported within SG&A.

Through its manufacturing facilities in the United States and Mexico, the business offers a broad range of wire and cable and wire harness products serving predominately transportation OEMs, tier 1 wire harness manufacturers and distribution customers. Prestolite employs over 700 employees.

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	November 2, 2012
Cash	$	0.7
Accounts receivable (1)	22.7
Inventories	17.3
Property, plant and equipment	24.6
Intangible assets	11.7
Goodwill	7.8
Other current and noncurrent assets	2.0
Total assets	$	86.8
Current liabilities	$	20.1
Other liabilities	7.2
Total liabilities	$	27.3

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

The primary factors that contributed to the acquisition price in excess of the fair value of net assets acquired and the establishment of goodwill were the Company's ability to strategically grow its business with existing customers to capitalize on greater opportunities to offer existing products to new markets, and strengthening of its market strategies for both new and existing specialty industrial OEM and distribution customers. A portion of the goodwill is amortizable for tax purposes.

Alcan Cable China

On December 3, 2012, the Company completed the acquisition of the Chinese business of Alcan Cable ("Alcan Cable China"), a related business of Alcan Cable North America, for $57.7 million. The Company expensed $1.1 million in fees and expenses related to the acquisition, reported within SG&A.

Alcan Cable China employs over 300 employees in China and was completed to create synergies, expand the range of product offerings, increase production capacity and complement the Company's current investment in China.

The following table represents the purchase price allocation based on the estimated fair values, or other measurements as applicable, of the assets acquired and the liabilities assumed, in millions:

	December 3, 2012
Cash	$	8.4
Accounts receivable (1)	8.5
Inventories	20.5
Property, plant and equipment(2)	58.8
Intangible assets	—
Goodwill	—
Other current and noncurrent assets	0.2
Total assets	$	96.4
Current liabilities	$	18.6
Other liabilities(2)	20.1
Total liabilities	$	38.7

(1) Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

(2) Final purchase price accounting includes immaterial adjustments to Property, plant, and equipment and Other liabilities of approximately $20 million.

The following table presents selected financial information, in millions, except per share data, from the actual condensed consolidated results of operations for the Company for the year ended December 31, 2012, including the operations of the aforementioned acquisitions and presents selected financial information from unaudited pro forma condensed consolidated results of operations for the Company for the year ended December 31, 2012 as though the acquisitions had been completed as of the beginning of that period. This pro forma information is intended to provide information regarding how the Company might have looked if the acquisition had occurred as of January 1, 2011. The pro forma adjustments represent management's best estimates based on information available at the time the pro forma information was prepared and may differ from the adjustments that may actually have been required. Accordingly, the pro forma financial information should not be relied upon as being indicative of the historical results that would have been realized had the acquisition occurred as of the dates indicated or that may be achieved in the future.

	2012		2012
	(as reported)		(unaudited pro forma)
Net sales	$	6,059.5	$	6,804.3
Net income (loss) attributable to Company common shareholders	$	4.0	$	22.7
Earnings (loss) per common share - assuming dilution	$	0.08	$	0.44

The unaudited pro forma results are based on historical results of operations, adjusted for the allocation of purchase price and other acquisition accounting adjustments, and are not necessarily indicative of either future results of operations or results that might have been achieved had the acquisitions been completed on January 1, 2011. The unaudited pro forma financial information does not reflect any (i) integration costs that may be incurred as a result of the acquisition; (ii) synergies, operating efficiencies and costs savings that may result from the acquisition; or (iii) changes in commodities prices subsequent to the dates of such unaudited pro forma financial information. In addition, the unaudited pro forma financial information does not include any transition costs, restructuring costs or recognition of compensation expenses or other one-time charges that may be incurred in connection with integrating the operations of the Company and the acquired companies.

The Company also completed an acquisition in Brazil in 2012. The results of operations of the acquired business have been included in the Consolidated Financial Statements since the date of acquisition, and have been determined to be immaterial for disclosure purposes. There were no material acquisitions in the years ended December 31, 2014 and December 31, 2013.

Divestitures

The following disposition was made in the year ended December 31, 2014:

The Company’s Board conducted a review of the Company’s strategic alternatives and operational structure and as a result, on October 23, 2014, the Company's Board took action to authorize a plan to exit all of the Company's operations in Asia Pacific and Africa. On December 22, 2014, the Company completed the sale of its interest in PDP and PDEP for cash consideration of $67.1 million. The Company sold its 60% interest to its joint venture partner, Anscor. The pre-tax gain on the sale from the disposition of PDP and PDEP; recognized in the year ended December 31, 2014 was $17.6 million and is included in the SG&A caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). The after-tax gain on the sale from the disposition of PDP and PDEP; recognized in the year ended December 31, 2014 was $9.6 million. The sale of PDP and PDEP does not represent a strategic shift that has (or will have) a major effect on the Company’s operations and financial results.

The results of PDP and PDEP are reported in the Africa/Asia Pacific segment for the years ended December 31, 2014, 2013 and 2012. The pre-tax profit of PDP and PDEP for the years ended December 31, 2014, 2013 and 2012 was $10.4 million, $13.6 million and $12.1 million, respectively. The pre-tax profit attributable to the Company for the years ended December 31, 2014, 2013 and 2012 was $6.2 million, $8.2 million and $7.3 million.

The sale of its interest in PDP and PDEP does not represent a strategic shift. The sale of PDP is considered a disposal of an individually significant component of an entity in the year ended December 31, 2014.

There were no divestitures in the years ended December 31, 2013 and December 31, 2012.

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Restructuring and Review of Strategic Alternatives and Operational Structure

12 Months Ended

Dec. 31, 2014

Restructuring and Related Activities [Abstract]

Restructuring and Review of Strategic Alternatives and Operational Structure

Restructuring and Review of Strategic Alternatives and Operational Structure

July 2014 restructuring program

In July 2014, the Company announced a comprehensive restructuring program. The restructuring program, which builds on the Company's previously launched productivity and asset optimization plans, is focused on the closure of certain underperforming assets as well as the consolidation and realignment of other facilities. The Company is also implementing initiatives to reduce selling, general and administrative ("SG&A") expenses globally.

The Company expects to incur approximately $190 million in before-tax restructuring charges. The expected costs are $13 million in the North America segment, $126 million in the Europe segment, $33 million in the Latin America segment and $18 million in the Africa/Asia Pacific segment. As of December 31, 2014 and for the year ended December 31, 2014, aggregate and total costs incurred were $166.3 million. As of December 31, 2014 and for the year ended December 31, 2014, aggregate and total costs incurred were $6.8 million in the North America segment, $115.6 million in the Europe segment, $28.7 million in the Latin America segment and $15.2 million in the Africa/Asia Pacific segment, respectively. For the year ended December 31, 2014, approximately $151.7 million of these charges were recorded in the Cost of sales caption and $14.6 million were recorded in SG&A expenses in the Consolidated Statements of Operations and Comprehensive Income (Loss), respectively. Restructuring costs incurred consist primarily of employee separation costs and asset-related costs to exit or realign facilities. The Company is also incurring other costs as outlined below. Changes in the restructuring reserve and activity for the year ended December 31, 2014 are below (in millions):

	Employee Separation Costs			Asset-Related Costs			Other Costs			Total
Total expected restructuring charges	$	50.0		$	120.0		$	20.0		$	190.0
Balance, December 31, 2013	$	—		$	—		$	—		$	—
Net provisions	38.7			117.5			10.1			166.3
Net benefits charged against the assets	—			(117.5		)	(8.4		)	(125.9		)
Payments	(4.3		)	—			(0.7		)	(5.0		)
Foreign currency translation	(2.0		)	—			—			(2.0		)
Balance, December 31, 2014	$	32.4		$	—		$	1.0		$	33.4
Remaining expected restructuring charges	$	11.3		$	2.5		$	9.9		$	23.7

Employee Separation Costs

The Company recorded employee separation costs of $38.7 million in the year ended December 31, 2014. The employee separation charges were $2.2 million in North America, $33.4 million in Europe, $2.7 million in Latin America, and $0.4 million in Africa/Asia Pacific for the year ended December 31, 2014.

Employee separation costs include severance, retention bonuses and pension costs. As of December 31, 2014, employee separation costs included severance charges for approximately 980 employees; approximately 770 of these employees were classified as manufacturing employees and approximately 210 of these employees were classified as non-manufacturing employees. The charges relate to involuntary separations and the amounts are based on current salary levels and past service periods and are either considered one-time employee termination benefits in accordance with ASC 420 - Exit or Disposal Cost Obligations or as charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits.

Asset-Related Costs

The Company recorded asset-related restructuring costs of $117.5 million in the year ended December 31, 2014. The long-lived asset impairment charges were $3.2 million in North America, $80.1 million in Europe, $20.9 million in Latin America and $13.3 million in Africa/Asia Pacific for the year ended December 31, 2014.

Asset-related costs consist of both asset write-downs and accelerated depreciation. Asset write-downs relate to the establishment of a new fair value basis for assets to be classified as held-for-sale or to be disposed of, as well as asset impairment charges for asset groups to be held-and-used in locations which are being restructured and it has been determined the undiscounted cash flows expected to result from the use and eventual disposition of the assets are less than their carrying value. Charges for accelerated depreciation relate to long-lived assets that will be taken out of service prior to the end of their normal service period. Management will continue to evaluate the recoverability of the carrying amount of its long-lived assets as the global restructuring program is executed.

To determine the fair value, a current appraisal of each impaired asset groups' machinery and equipment and real property, as applicable, was performed utilizing standard valuation approaches, which incorporate Level 3 inputs. The Company assesses impairment at the asset group level which represents the lowest level for which identifiable cash flows can be determined independent of other groups of assets and liabilities. The asset groups at the Company are primarily each manufacturing unit, unless the cash flows of the manufacturing unit are not independent due to shared production, distribution and sale of the finished product. The Company considered the expected net cash flows to be generated by the use of each asset group, as well as the expected cash proceeds from the disposition of the assets, if any, to determine fair value. The impairment charges were recorded in the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

The Company notes the plan to abandon a long-lived asset before the end of its previously estimated useful life is a change in accounting estimate per ASC 250 - Accounting Changes and Error Corrections. The annual depreciation impact from the asset write-downs and changes in estimated useful lives is immaterial.

Other Costs

The Company recorded other restructuring-type charges of $10.1 million for the year ended December 31, 2014. The other restructuring-type charges were $1.4 million in North America, $2.1 million in Europe, $5.1 million in Latin America and $1.5 million Africa/Asia Pacific in the year ended December 31, 2014.

Other restructuring-type charges are incurred as a direct result of the restructuring program. Such charges primarily include working capital write-downs not associated with normal operations, equipment relocation, termination of contracts and other immaterial costs.

February 2014 restructuring program

In February 2014, as part of the Company's productivity and asset optimization plans, the Company announced the permanent closure of two manufacturing facilities in the electric utility business in North America. The Company expected to incur $10.0 million to $12.0 million, half of which was expected to be non-cash, in pre-tax costs in 2014 related to the closure of these two manufacturing facilities. For the year ended December 31, 2014, the Company incurred charges of $10.1 million related to these closures and other cost reductions. The total employee separation costs were $4.2 million, asset-related costs were $1.6 million and other costs were $4.3 million for the year ended December 31, 2014. The accrual balances related to these activities are immaterial at December 31, 2014.

October 2014 review of strategic alternatives and operational structure

The Company’s Board conducted a review of the Company’s strategic alternatives and operational structure and as a result, on October 23, 2014, the Company's Board took action to authorize a plan to exit all of the Company's operations in Asia Pacific and Africa in order to simplify the Company's geographic portfolio and reduce operational complexity. The October divestiture plan is focused on the sale and closure of the Company's non-core assets. As part of this plan the Company completed the sale of its interest in PDP and PDEP. See Note 4 - Acquisitions and Divestitures for further detail.

The Company expects to incur approximately $14 million in pre-tax charges all within the North America segment. Charges incurred for the year ended December 31, 2014 were immaterial. Costs incurred consist primarily of legal and transaction fees for the dispositions.

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Share-Based Compensation

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

Share-Based Compensation

The Company has various plans that provide for granting options, restricted stock units and restricted stock to certain employees and independent directors of the Company and its subsidiaries. The Company recognizes compensation expense for share-based payments based on the fair value of the awards at the grant date. The table below summarizes compensation expense for the Company’s non-qualified stock options based on the fair value method estimated using the Black-Scholes valuation model, and non-vested stock awards, including restricted stock units, and performance-based non-vested stock awards based on the fair value method for the years ended December 31, 2014, 2013 and 2012. The Company records compensation expense related to non-vested stock awards as a component of selling, general and administrative expense.

	Year Ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Non-qualified stock option expense	$	2.3		$	5.5		$	4.9
Non-vested stock awards expense	—			0.2			1.7
Immediately vested stock awards expense	0.8			—			—
Stock unit awards	8.0			5.2			4.5
Performance-based non-vested stock awards expense	4.7			2.0			1.4
Total pre-tax share-based compensation expense	$	15.8		$	12.9		$	12.5
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.5	)	$	(0.7	)	$	(0.6	)

(1) Cash inflows (outflows) recognized as financing and operating activities in the Company’s consolidated statement of cash flows

During the years ended December 31, 2014, 2013 and 2012, cash received from stock option exercises was $0.3 million, $0.7 million and $0.1 million, respectively. The total tax benefit to be realized for tax deductions from these option exercises was $0.1 million, $0.4 million and $0.1 million, respectively. The $7.0 million and $5.0 million tax deductions for all share-based compensation for the years ended December 31, 2014 and 2013, respectively, includes $(0.5) million and $(0.7) million of excess tax benefits (deficiencies). The 2014 and 2013 deficiency does not impact cash flow due to the U.S. tax loss carry forward position. The Company has elected the shortcut method to calculate the pool of excess tax benefits available to absorb tax deficiencies recognized subsequent to the adoption of ASC 718 - Compensation — Stock Compensation.

The Company currently has share-based compensation awards outstanding under three plans. These plans allow the Company to fulfill its incentive award obligations generally by granting nonqualified stock options and nonvested stock awards. New shares are issued when nonqualified stock options are exercised and when non-vested stock awards are granted. There have been no material modifications made to these plans during the years ended December 31, 2014 or 2013. On May 10, 2005, the General Cable Corporation 2005 Stock Incentive Plan (“2005 Plan”) was approved and replaced the two previous equity compensation plans, the 1997 Stock Incentive Plan and the 2000 Stock Option Plan. The Compensation Committee of the Board of Directors will no longer grant any awards under the previous plans but will continue to administer awards which were previously granted under the 1997 and 2000 plans. The 2005 Plan authorized a maximum of 5.8 million shares to be granted. Shares reserved for future grants, including options, under the 2005 Plan, approximated 1.8 million at December 31, 2014.

The 2005 Plan authorizes the following types of awards to be granted: (i) Stock Options (both Incentive Stock Options and Nonqualified Stock Options); (ii) Stock Appreciation Rights; (iii) Nonvested and Restricted Stock Awards; (iv) Performance Awards; and (v) Stock Units, as more fully described in the 2005 Plan. Each award is subject to such terms and conditions consistent with the 2005 Plan as determined by the Compensation Committee and as set forth in an award agreement and awards under the 2005 Plan were granted at not less than the closing market price on the date of grant.

The 2000 Stock Option Plan (“2000 Plan”), as amended, authorized a maximum of 1.5 million non-qualified options to be granted. No other forms of award were authorized under this plan. Stock options were granted to employees selected by the Compensation Committee of the Board or the Chief Executive Officer at prices which were not less than the closing market price on the date of grant. The Compensation Committee (or Chief Executive Officer) had authority to set all the terms of each grant.

The 1997 Stock Incentive Plan (“1997 Plan”) authorized a maximum of 4.7 million nonvested shares, options or units of common stock to be granted. Stock options were granted to employees selected by the Compensation Committee of the Board or the Chief Executive Officer at prices which were not less than the closing market price on the date of grant. The Compensation Committee (or Chief Executive Officer) had authority to set all the terms of each grant.

Stock Options

All options awarded under the 2005 Plan have a term of 10 years from the grant date. The majority of the options vest ratably over three years of continued employment from the grant date. The majority of the options granted under the 2000 Plan will expire in 10 years and become fully exercisable ratably over three years of continued employment or become fully exercisable after three years of continued employment. A summary of stock option activity for the year ended December 31, 2014 is as follows (options in thousands and aggregate intrinsic value in millions):

			Weighted Average		Weighted Average Remaining	Aggregate
	Options Outstanding		Exercise Price		Contractual Term	Intrinsic Value
Outstanding at December 31, 2013	1,944.1		$	33.18	6.1 years	$	7.0
Granted	—		—
Exercised	(19.7	)	14.11
Forfeited or Expired	(60.6	)	41.26
Outstanding as of December 31, 2014	1,863.8		$	33.12	4.7 years	$	0.2
Exercisable at December 31, 2014	1,580.1		$	32.89	4.1 years	$	0.2
Options expected to vest in the next twelve months	186.0		$	33.94	7.7 years	$	—

During the year ended December 31, 2014 there were no stock options granted. During the years ended 2013 and 2012, the weighted average grant date fair value of options granted was $35.24 and $32.50, respectively. During the years ended December 31, 2014, 2013 and 2012, the total intrinsic value of options exercised was $0.2 million, $1.0 million, and $0.3 million, respectively, and the total fair value of options vested during the periods was $25.7 million, $20.8 million, and $18.7 million, respectively. At December 31, 2014 and 2013, the total compensation cost related to nonvested options not yet recognized was $1.1 million and $4.1 million with a weighted average expense recognition period of 1.2 years and 1.9 years, respectively.

The fair value of each option award is estimated on the date of grant using the Black-Scholes valuation model using the following weighted-average assumptions:

	Year Ended
	Dec 31, 2013			Dec 31, 2012
Risk-free interest rate (1)	0.6		%	1.0		%
Expected dividend yield (2)	0			0
Expected option life (3)	4.4 years			5.0 years
Expected stock price volatility (4)	67.8		%	68.0		%
Weighted average fair value of options granted	$	18.60		$	18.20

(1) Risk-free interest rate — This is the U.S. Treasury rate at the grant date having a term approximately equal to the expected life of the option. An increase in the risk-free interest rate will increase compensation expense.

(2) Expected dividend yield — The Company did not pay dividends in the year ended December 31, 2012; therefore compensation expense was not decreased. The assumptions for the compensation expense were set at the beginning of the year prior to the Company deciding to pay dividends in 2013; as the Company did not expect to pay dividends in 2013 there was no effect on compensation expense in the year ended December 31, 2013.

(3) Expected option life — This is the period of time over which the options granted are expected to remain outstanding and is based on historical experience. Options granted have a maximum term of ten years. An increase in expected life will increase compensation expense.

(4) Expected stock price volatility — This is a measure of the amount by which a price has fluctuated or is expected to fluctuate. The Company uses actual historical changes in the market value of the Company’s stock to calculate the volatility assumption as it is management’s belief that this is the best indicator of future volatility. An increase in the expected volatility will increase compensation expense.

Additional information regarding options outstanding as of December 31, 2014 is as follows (options in thousands):

Range of Option Prices	Options Outstanding	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life	Options Exercisable	Weighted Average Exercise Price
$0 -$14	61.1	$	11.95	0.1	61.1	$	11.95
$14 - $28	742.9	$	21.79	3.4	742.9	$	21.79
$28 -$42	599.0	$	33.90	7.3	315.3	$	33.47
$42 - $56	267.7	$	45.15	4.7	267.7	$	45.15
$56 - $70	193.1	$	64.27	2.9	193.1	$	64.27

Nonvested Stock

The majority of the nonvested stock and stock unit awards issued under the 2005 Plan are restricted as to transferability and salability with these restrictions being removed in equal annual installments over the five-year period following the grant date. The majority of the nonvested stock awards issued under the 1997 Plan are restricted as to transferability and salability with these restrictions expiring ratably over a three-year or five-year period, expiring after six years from the date of grant or expiring ratably from the second anniversary to the sixth anniversary of the date of grant. A minimal amount of immediately vesting restricted stock held by certain members of the Company’s Board of Directors in the Deferred Compensation Plan is included in this presentation as nonvested stock.

A summary of all nonvested stock and restricted stock units activity for the year ended December 31, 2014, is as follows (shares in thousands):

	Shares Outstanding		Weighted Average Grant Date Fair Value
Balance, December 31, 2013	891.9		$	32.02
Granted	662.2		30.27
Vested	(280.6	)	28.97
Forfeited	(136.3	)	33.13
Balance, December 31, 2014	1,137.2		$	32.26

The weighted-average grant date fair value of all nonvested shares and restricted stock units granted, the total fair value (in millions) of all nonvested shares and restricted stock units granted, and the fair value (in millions) of all nonvested shares and restricted stock units that have vested during each of the past three years is as follows:

	Year Ended
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Weighted-average grant date fair value of nonvested shares granted	$	30.27	$	34.83	$	29.65
Fair value of nonvested shares granted	$	20.0	$	10.5	$	9.1
Fair value of shares vested	$	8.1	$	6.2	$	7.0

As of December 31, 2014, there was $14.7 million of total unrecognized compensation cost related to all nonvested stock and restricted stock units. The cost is expected to be recognized over a weighted average period of 1.91 years. There are 321 thousand nonvested stock and restricted stock units with a weighted average grant price of $29.90 and a fair value of $9.6 million expected to vest in 2015.

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Financial Instruments

12 Months Ended

Dec. 31, 2014

Derivative Instruments and Hedges, Assets [Abstract]

Financial Instruments

Financial Instruments

The Company is exposed to various market risks, including changes in interest rates, foreign currency and raw material (commodity) prices. To manage risks associated with the volatility of these natural business exposures, the Company enters into interest rate, commodity and foreign currency derivative agreements, as well as copper and aluminum forward pricing agreements. The Company does not purchase or sell derivative instruments for trading purposes. The Company does not engage in derivative contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques.

In 2013 and 2012, the Company utilized interest rate swaps to manage its interest expense exposure by fixing its interest rate on portions of the Company’s floating rate debt. The Company did not provide or receive any collateral specifically for these contracts. The fair value of these financial derivatives which were designated as and qualified as cash flow hedges were based on quoted market prices which reflect the present values of the difference between estimated future variable-rate receipts and future fixed-rate payments. In 2013, the Company repaid the outstanding obligations that utilized interest rate swaps.

The Company enters into commodity instruments to hedge the purchase of copper, aluminum and lead in future periods and foreign currency exchange contracts principally to hedge the currency fluctuations in certain transactions denominated in foreign currencies, thereby limiting the Company's risk that would otherwise result from changes in exchange rates. Principal transactions hedged during the year were firm sales and purchase commitments. The fair value of foreign currency contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices.

The Company accounts for these commodity instruments and foreign currency exchange contracts as cash flow or economic hedges. There were no derivatives that were designated as cash flow hedges at December 31, 2014 and December 31, 2013. There were derivatives that were designated as cash flow hedges at December 31, 2012. In the year ended December 31, 2014, there was no activity related to derivatives that were designated as cash flow hedges. In the years ended December 31, 2013 and December 31, 2012, there was activity related to derivatives that were designated as cash flow hedges. Changes in the fair value of derivatives that were designated as cash flow hedges are recorded in other comprehensive income and reclassified to the income statement when the effects of the items being hedged are realized. Changes in the fair value of economic hedges are recognized in current period earnings.

Fair Value of Derivatives Instruments

The notional amounts and fair values of derivatives designated as cash flow hedges and derivatives not designated as cash flow hedges at December 31, 2014 and December 31, 2013 are shown below (in millions).

	December 31, 2014						December 31, 2013
	Notional		Fair Value				Notional		Fair Value
(in millions)	Amount		Asset (1)		Liability (2)		Amount		Asset (1)		Liability (2)
Derivatives not designated as cash flow hedges:
Commodity futures	$	106.4	$	0.5	$	3.9	$	173.7	$	1.2	$	7.6
Foreign currency exchange	154.7		$	4.9	4.2		223.2		6.0		1.7
			$	5.4	$	8.1			$	7.2	$	9.3

(1) Balance recorded in “Prepaid expenses and other” and “Other non-current assets”

(2) Balance recorded in “Accrued liabilities” and “Other liabilities”

As of  December 31, 2014 and December 31, 2013, all financial instruments held by the Company were subject to enforceable master netting arrangements held by various financial institutions. In general, the terms of our agreements provide that in the event of an early termination the counterparties have the right to offset amounts owed or owing under that and any other agreement with the same counterparty.  The Company's accounting policy is to not offset these positions in the Consolidated Balance Sheets.  As of  December 31, 2014 and December 31, 2013, the net positions of the enforceable master netting agreements are not significantly different from the gross positions noted in the table above. Depending on the extent of an unrealized loss position on a derivative contract held by the Company, certain counterparties may require collateral to secure the Company's derivative contract position. As of December 31, 2014 and December 31, 2013, there were no contracts held by the Company that required collateral to secure the Company’s derivative liability positions.

For derivative instruments that were designated and qualified as cash flow hedges during 2013 and 2012, the effective portion of the unrealized gain and loss on the derivative was reported as a component of accumulated other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affected earnings, which generally occurs over periods of less than one year. Gain and loss on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness were recognized in current earnings.

	Year ended December 31, 2013
	Effective portion recognized in Accumulated OCI			Reclassified from Accumulated OCI
(in millions)	Gain / (Loss)			Gain / (Loss)			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.1		$	(0.1	)	Interest Expense
Commodity futures	(1.3		)	(1.9		)	Cost of Sales
Total	$	(1.2	)	$	(2.0	)

	Year ended December 31, 2012
	Effective portion recognized in Accumulated OCI			Reclassified from Accumulated OCI			Ineffective portion and amount excluded from effectiveness testing
(in millions)	Gain / (Loss)			Gain / (Loss)			Gain / (Loss) (1)			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.3		$	—		$	—		Interest Expense
Commodity futures	4.8			(3.3		)	(0.3		)	Cost of Sales
Foreign currency exchange	(0.2		)	(1.1		)	—			Other income /(expense)
Total	$	4.9		$	(4.4	)	$	(0.3	)

(1) The ineffective portion and the amount excluded from effectiveness testing for all derivatives designated as cash flow hedges is recognized in other income and expense.

For derivative instruments that are not designated as cash flow hedges, the unrealized gain or loss on the derivatives is reported in current earnings. For the years ended December 31, 2014 and December 31, 2013, the Company recorded a loss of $4.0 million and $20.1 million for derivative instruments not designated as cash flow hedges in other income (expense). For the year ended December 31, 2012, the Company recorded a gain of $3.0 million for derivative instruments not designated as cash flow hedges in other income (expense). No pre-tax gains or losses are expected to be reclassified into earnings from other comprehensive income during 2015.

Other Forward Pricing Agreements

In the normal course of business, the Company enters into forward pricing agreements for the purchase of copper and aluminum for delivery in a future month to match certain sales transactions. The Company accounts for these forward pricing arrangements under the “normal purchases and normal sales” scope exemption because these arrangements are for purchases of copper and aluminum that will be delivered in quantities expected to be used by the Company over a reasonable period of time in the normal course of business. For these arrangements, it is probable at the inception and throughout the life of the arrangements that the arrangements will not settle net and will result in physical delivery of the inventory. At December 31, 2014 and 2013, the Company had $11.6 million and $10.1 million, respectively, of future copper and aluminum purchases that were under forward pricing agreements. At December 31, 2014 and 2013, the Company had an unrealized loss of $0.4 million and an unrealized gain of $0.5 million, respectively, related to these transactions. The fair market value of the forward pricing agreements was $11.2 million and $10.6 million at December 31, 2014 and 2013, respectively. The Company expects the unrealized losses under these agreements to offset firm sales price commitments with customers. Depending on the extent of the unrealized loss position on certain forward pricing agreements, certain counterparties may require collateral to secure the Company’s forward purchase agreements. There were no funds posted as collateral as of December 31, 2014 or 2013.

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Long-Term Debt (Schedule of Latin America Credit Facilities) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Outstanding borrowings	$ 1,337.4	$ 1,386.9
Maturities within one year	403.5
Latin America [Member] | Credit Facilities [Member]
Outstanding borrowings	238.6	179.6
Undrawn availability	79.6	204.4
Interest rate — weighted average	6.10%	4.20%
Maturity Date	Various	Various
Maturities within one year	$ 228.2

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Property, Plant And Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant And Equipment

Property, Plant and Equipment

Property, plant and equipment consisted of the following (in millions):

	Dec 31, 2014			Dec 31, 2013
Land	$	73.9		$	120.8
Buildings and leasehold improvements	270.3			372.6
Machinery, equipment and office furnishings	905.1			1,290.6
Construction in progress	36.6			46.3
Total — gross book value	1,285.9			1,830.3
Less accumulated depreciation	(527.5		)	(738.3		)
Total — net book value	$	758.4		$	1,092.0

Depreciation expense totaled $110.1 million, $118.6 million and $102.5 million for the years ended December 31, 2014, 2013 and 2012, respectively.

2014 Venezuela Asset Impairment

Effective December 31, 2014, the Company expects that the majority of its Venezuelan subsidiary’s net monetary assets will be remeasured at the SICAD 2 rate since that is the rate the Company believes will be applicable for future dividend remittances. Due to the changes in the rate used to remeasure the financial statements of the Venezuelan subsidiary, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. This change is considered a significant adverse change for the Venezuela asset group. This change caused the Company to perform an asset impairment analysis of its Venezuelan business in accordance with ASC 360 “Property, Plant and Equipment”.

The Company developed its internal forward business plans and 2015 outlook to determine the undiscounted expected future cash flows derived from the Venezuela long-lived assets. Based on the internal projections developed by management, the Company determined that the undiscounted expected future cash flows were less than the carrying value of the assets. To determine the fair value, a current appraisal of the Venezuela machinery and equipment and real property assets was performed utilizing standard valuation approaches, which incorporate Level 3 inputs.  Based on the results of the analysis, the Company recorded an impairment charge of $29.3 million in the fourth quarter of 2014.  The impairment charge was recorded in the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). The Venezuela results are reported within the Latin America reporting segment.

2014 Brazil Rod Mill Asset Impairment

The Brazil rod mill results are reported within the Latin America reportable segment. In the second half of 2014, the Company announced its intent to shut down the Brazil rod mill due to changes in the supply market. The change in the supply market was deemed a significant adverse change in the manner in which the Brazil rod mill will operate resulting in a change in the defined asset group. The asset group was deemed impaired as it no longer provides future benefits to the Company. To determine the fair value, the Company considered the expected net cash flows to be generated by the assets through the closure date, as well as the expected cash proceeds from the disposition of the assets utilizing standard valuation approaches, which incorporate Level 3 inputs. Based on the results of the analysis, the Company recorded an impairment charge of $13.1 million in the year ended December 31, 2014.  The impairment charge was recorded in the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

2013 Mexico Asset Impairment

In the second half of 2013, the Company’s executive management decided to no longer import building wire product into the United States manufactured in its Mexico unit ("Mexico"). This change was considered significant to the Mexican operation due to the associated revenue, profit and the influence on the overall results in Mexico from this United States business. This change coupled with pricing pressures in the Mexico market and a history of losses caused the Company to perform an asset impairment analysis of its Mexican business in accordance with ASC 360 “Property, Plant and Equipment”.

The Mexico results are reported within the Latin America reporting segment. The Mexico operations and assets include machinery and equipment which manufactures power cables, building wire and telephone cables. These three product lines have a significant amount of shared costs including advertising, sales force, data processing, accounting, and general management. The Company manages its business at a total Mexico level and has similar distribution methods. Therefore, based on the reporting structure, the lowest level of which identifiable cash flows that can be determined is the Mexico unit.

The Company developed its internal forward business plans and 2014 outlook under the guidance of new local and regional leadership to determine the undiscounted expected future cash flows derived from the Mexican long-lived assets. Based on the internal projections developed by executive management, the Company determined that the undiscounted expected future cash flows were less than the carrying value of the assets. To determine the fair value, a current appraisal of the Mexico machinery and equipment and real property assets was performed utilizing standard valuation approaches, which incorporate Level 3 inputs.  Based on the results of the analysis, the Company recorded an impairment charge of $14.0 million in the third quarter of 2013.  The impairment charge was recorded in the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

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Acquisitions and Divestitures (Assets Acquired and Liability Assumed - Alcon Cable) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 04, 2012
Business Acquisition [Line Items]
Intangible assets	$ 64.4	$ 52.1
Goodwill	26.1	184.6	187.6
Alcan Cable [Member] | North America [Member]
Business Acquisition [Line Items]
Cash				0
Accounts receivable				74.7	[1],[2]
Inventories				70.7	[2]
Property, plant and equipment				72.7
Intangible assets				5.9
Goodwill				3.5	[2]
Other current and noncurrent assets				2.2
Total Assets				229.7
Current liabilities				57.1	[2]
Other liabilities				1.3
Total liabilities				58.4
Adjustments to goodwill and other working capital				$ 4.3

[1] Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

[2] Final purchase price accounting includes immaterial adjustments to Goodwill and other working capital accounts of approximately $4.3 million.

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Share-Based Compensation (Summary of Stock Option Activity) (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Options Outstanding
Outstanding at December 31, 2013	1,944,100
Granted	0
Exercised	(19,700)
Forfeited or Expired	(60,600)
Outstanding as of December 31, 2014	1,863,800	1,944,100
Exercisable at December 31, 2014	1,580,100
Options expected to vest in the next twelve months	186,000
Weighted Average Exercise Price
Outstanding at December 31, 2013	$ 33.18
Granted	$ 0.00
Exercised	$ 14.11
Forfeited or Expired	$ 41.26
Outstanding as of December 31, 2014	$ 33.12	$ 33.18
Exercisable at December 31, 2014	$ 32.89
Options expected to vest in the next twelve months	$ 33.94
Outstanding, weighted average remaining contactual term, years	4 years 8 months 1 day	6 years 1 month 0 days
Exercisable at December 31, 2014, weighted average remaining contractual term, years	4 years 1 month 6 days
Options expected to vest in the next twelve months, weighted average remaining contractual term, years	7 years 8 months 6 days
Outstanding, aggregate intrinsic value	$ 0.2	$ 7.0
Exercisable at December 31, 2014, average intrinsic value	0.2
Options expected to vest in the next twelve months, aggregate intrinsic value	$ 0

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Other Income (Expense)

12 Months Ended

Dec. 31, 2014

Other Income and Expenses [Abstract]

Other Income (Expense)

Other Income (Expense)

Other income and expense primarily includes foreign currency transaction gains or losses, which result from changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated as well as gains and losses on derivative instruments that are not designated as cash flow hedges. During 2014, 2013 and 2012, the Company recorded a $212.9 million loss, $66.7 million loss and a $2.9 million loss, respectively.

For 2014, other expense was primarily attributable to $83.1 million related to the Venezuela currency devaluation resulting from the remeasurement of the financial results at the 6.30 BsF per U.S. dollar rate to the SICAD 1 rate, $90.2 million related to the Venezuela currency devaluation resulting from the remeasurement of the financial results at the SICAD 1 rate to the SICAD 2 rate, $30.3 million of foreign currency transaction losses, and losses of $4.0 million on derivative instruments which were not designated as cash flow hedges.

For 2013, other expense was primarily attributable to $40.9 million related to the Venezuela currency devaluation, $3.9 million of foreign currency transaction losses which includes $17.0 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to currency devaluation on February 13, 2013, and losses of $21.9 million on derivative instruments that were not designated as cash flow hedges and ineffectiveness on derivatives designated as cash flow hedges.

For 2012, other expense was primarily attributable to the $4.5 million of foreign currency transaction losses and gains of $1.6 million on derivative instruments which were not designated as cash flow hedges and ineffectiveness on derivatives designated as cash flow hedges.

Refer to Note 22 - Venezuelan Operations for more information related to developments regarding the Company's Venezuelan operations.

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Inventories

12 Months Ended

Dec. 31, 2014

Inventory Disclosure [Abstract]

Inventories

Inventories

During 2014, the Venezuelan subsidiary recorded $9.5 million of lower of cost or market charges that were recognized within the Cost of sales caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). These charges are due to translation of local sales at higher foreign currency exchange rates that are subject to sales price caps under the new price controls law while the Company's cost for the copper component of its inventory is based on copper purchases at rates lower than the rates used to translate the financial results at the Company's Venezuela subsidiary. Therefore, management reduced Venezuela's inventory value to expected sales price (market value), which was lower than the recorded cost basis. Refer to Note 22 - Venezuelan Operations for the recent developments at the Venezuelan subsidiary.

As of December 31, 2014, all inventories are stated at the lower of cost or market value.

(in millions)	Dec 31, 2014		Dec 31, 2013
Raw materials	$	237.1	$	319.1
Work in process	166.5		190.1
Finished goods	615.2		730.4
Total	$	1,018.8	$	1,239.6

At December 31, 2014 and 2013, the Company had approximately $26.4 million and $32.5 million, respectively of consignment inventory at locations not operated by the Company with approximately 83% and 87%, respectively, of the consignment inventory located throughout the United States and Canada.

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Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets

Goodwill and Other Intangible Assets, net

The amounts of goodwill and indefinite-lived intangible assets were as follows (in millions):

	Goodwill												Indefinite-lived assets — Trade names
	North America			Latin America			Africa/Asia Pacific			Total			North America			Europe			Latin America			Africa/Asia Pacific			Total
Balance, December 31, 2012	$	13.6		$	91.0		$	83.0		$	187.6		$	2.4		$	0.5		$	93.6		$	39.3		$	135.8
Currency translation and other adjustments	4.0			(2.7		)	(4.3		)	(3.0		)	—			—			(3.5		)	(1.5		)	(5.0		)
Balance, December 31, 2013	$	17.6		$	88.3		$	78.7		$	184.6		$	2.4		$	0.5		$	90.1		$	37.8		$	130.8
Currency translation and other adjustments (1)	(0.6		)	(2.7		)	(0.7		)	(4.0		)	—			(0.1		)	(21.2		)	(13.6		)	(34.9		)
Goodwill and indefinite-lived asset impairment (2)	—			(82.6		)	(71.9		)	(154.5		)	(2.1		)	—			(68.9		)	(24.2		)	(95.2		)
Balance, December 31, 2014	$	17.0		$	3.0		$	6.1		$	26.1		$	0.3		$	0.4		$	—		$	—		$	0.7

(1) $19.4 million and $12.8 million of the currency translation and other adjustment related to the reclassification of the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years in the Latin America and Africa/Asia Pacific segments, respectively,

(2) The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Consolidated Statements of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

At December 31, 2014, the total accumulated goodwill impairment charge was $82.6 million prior to foreign currency translation adjustments, within the Latin America segment and $71.9 million prior to foreign currency translation adjustments, within the Africa / Asia Pacific segment. At December 31, 2014, the total accumulated indefinite-lived asset trade name impairment loss was $2.1 million, prior to foreign currency translation adjustments, within the North America segment, $68.9 million, prior to foreign currency translation adjustments, within the Latin America segment and $24.2 million, prior to foreign currency translation adjustments, within the Africa / Asia Pacific segment.

The amounts of other intangible assets were as follows (in millions):

	Dec 31, 2014			Dec 31, 2013
Amortized intangible assets:
Amortized intangible assets	$	168.4		$	139.5
Accumulated amortization	(99.8		)	(85.8		)
Foreign currency translation adjustment	(4.2		)	(1.6		)
Total Amortized intangible assets	$	64.4		$	52.1

Amortized intangible assets are stated at cost less accumulated amortization as of December 31, 2014 and 2013. Amortized intangible assets have been determined to have a useful life in the range of 7 to 12 years. The approximate weighted average useful life of the amortized intangible assets is 10 years. For customer relationships, the Company has accelerated the amortization expense to align with the historical customer attrition rates. All other amortized intangible assets are amortized on a straight-line basis. The amortization of intangible assets in 2014, 2013 and 2012 was $14.0 million, $12.5 million, and $11.5 million, respectively. The estimated amortization expense for the next five years is in millions of dollars: 2015 — $13.5 million, 2016 — $12.7 million, 2017 — $10.2 million, 2018 — $6.3 million, and 2019 — $5.9 million and $15.8 million thereafter.

2014 Goodwill and Indefinite-lived Intangible Impairment Testing

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. The Company completes its annual impairment test during the fourth quarter of each year. In addition, the Company evaluates the carrying amount between such annual valuations if events occur or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Events or circumstances may include, but are not limited to, a significant change in legal factors or in the business climate, adverse action or assessment by a regulator, unanticipated competition, loss of key personnel, possible sale or disposal of a reporting unit or a significant portion of a reporting unit, significant changes in financial projections or significant changes in the market capitalization. At December 31, 2013, the estimated fair value of the goodwill at our PDIC reporting unit and the indefinite-lived intangible assets exceeded their corresponding carrying amount including recorded goodwill; however, in the first quarter of 2014, the following events changed which reduced the fair value of the PDIC reporting unit:

• Except certain cost of sales related to copper inventory, all of the BsF denominated revenues and expenses for future periods reflected remeasurement using the SICAD 1 rate versus the prior official rate of 6.30 BsF per U.S. dollar. Due to the changes in the currency exchange system and the rate used to remeasure the financial statements of the Venezuelan subsidiary, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional information.

• In the first quarter of 2014, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Company experienced a significant decline in its stock price, resulting in the Company’s market capitalization falling below its book value.

Based upon the combination of the above factors, the Company concluded that goodwill impairment indicators existed as of March 28, 2014. As a result, the Company performed an interim goodwill impairment analysis as of March 28, 2014. The Company engaged an outside valuation firm to assist in valuing the Company’s reporting unit and preparing the goodwill impairment analysis. To determine the fair value of the reporting unit (Level 3), the Company employed an income and market-based approach with each being weighted equally. Under the income approach, the Company used a discounted cash flow method to calculate the fair value based on the present value of estimated future cash flows. Assumptions used in the discounted cash flow method, such as forecasted operating results, expected growth rates, working capital needs, tax rates, and cost of capital, were based on the then current market conditions and were consistent with internal management projections. The cost of capital rate selected was based on consideration of the risks inherent in the investment and market rates of return available from alternative investments of similar type and quality as of the valuation date. The guideline public company method was used for the market approach. The approach provided an estimate of value using multiples of earnings derived from the market values of publicly traded companies in the wire and cable industry. In addition to the selection of guideline companies, the market approach included an analysis of the Company’s financial and operating performance risk, profitability, and growth as compared to the reporting unit.

The Company performed the first step (“Step 1”) of the goodwill impairment assessment at March 28, 2014. In Step 1 of the goodwill impairment test, the Company compared the fair value of the reporting unit, to its carrying amount, including goodwill of $154.5 million. Based on the results of the valuation, the carrying amount of the reporting unit exceeded the fair value. Based on the results of Step 1 of the impairment analysis and the preliminary results of Step 2, the Company believed that an impairment loss was probable and based on a preliminary estimate, after consultation with a third party valuation specialist, the Company recognized impairment charges equal to the total recorded PDIC goodwill of $82.9 million and $72.2 million in the Latin America and Africa/Asia Pacific reportable segments, respectively. The impairment charge was recorded in the goodwill impairment charge caption in the Consolidated Statements of Operations and Comprehensive Income (Loss).

In the second quarter of 2014, the Company completed Step 2 of the goodwill impairment test ("Step 2") to determine if any adjustment to the goodwill impairment charge was required. The Step 2 analysis required the Company to perform a theoretical purchase price allocation for the reporting unit to determine the implied fair value of goodwill and to compare the implied fair value of goodwill to the recorded amount of goodwill. Based on the analysis, no modification of the initial impairment estimate was required in the second quarter of 2014.

Based on the decrease of our cash flow projections for the PDIC reporting unit, the Company also completed an impairment test for the trade name in the first quarter of 2014. The fair value of the trade name is based on the discounted cash flows the trade name can be expected to generate in the future. Based on the results of the valuation, the carrying amount of the trade name exceeded the fair value. The impairment valuation resulted in $69.1 million and $24.3 million of impairment charges in the first quarter related to the PDIC trade name in the Latin America and Africa/Asia Pacific reportable segments, respectively. The impairment charge was recorded in the intangible asset impairment charges caption in the Consolidated Statements of Operations and Comprehensive Income (Loss). In the second quarter of 2014 in connection with the completion of the above mentioned Step 2 analysis, the Company reassessed the remaining life of the PDIC trade name and concluded it was no longer indefinite. In the second quarter, the Company reclassified the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years based on increased political and economic instability in countries in which the trade name is utilized.

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Acquisitions and Divestitures (Pro Forma Information) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012
Business Combinations and Divestitures [Abstract]
Net sales (As reported)	$ 6,059.5
Net income (loss) attributable to Company common shareholders (As reported)	4.0
Earnings (loss) per common share - assuming dilution (As reported)	$ 0.08
Net sales (Pro Forma)	6,804.3
Net income (loss) attributable to Company common shareholders (Pro forma)	$ 22.7
Earnings (loss) per common share - assuming dilution (Pro forma)	$ 0.44

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Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 26, 2014	Jun. 27, 2014	Mar. 28, 2014	Dec. 31, 2013	Sep. 27, 2013	Jun. 28, 2013	Mar. 29, 2013	Dec. 31, 2014 Segment	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Number of operating segments									4
Net Sales	$ 1,546.7	$ 1,471.7	$ 1,531.3	$ 1,430.1	$ 1,661.3	$ 1,557.1	$ 1,659.1	$ 1,543.7	$ 5,979.8	$ 6,421.2	$ 6,059.5
Operating Income (Loss)									(311.4)	211.7	199.4
Capital Expenditures									89.6	89.1	108.6
Depreciation Expense									110.1	118.6	102.5
Assets	3,366.7				4,578.9				3,366.7	4,578.9
Long-lived Assets	970.6				1,572.4				970.6	1,572.4
North America [Member]
Segment Reporting Information [Line Items]
Revenues from transactions with other operating segments of same entity									31.5	20.6	27.1
Net Sales									2,550.1	2,751.6	2,340.2
Operating Income (Loss)									118.5	127.5	124.0
Capital Expenditures									38.4	33.5	25.3
Depreciation Expense									39.8	40.3	30.0
Assets	1,220.3				1,342.0				1,220.3	1,342.0
Europe [Member]
Segment Reporting Information [Line Items]
Revenues from transactions with other operating segments of same entity									55.8	54.9	43.5
Net Sales									1,330.8	1,448.7	1,506.2
Operating Income (Loss)									(94.0)	(7.8)	(24.1)
Capital Expenditures									9.5	14.1	33.7
Depreciation Expense									33.1	35.5	33.9
Assets	751.4				1,045.9				751.4	1,045.9
Latin America [Member]
Segment Reporting Information [Line Items]
Revenues from transactions with other operating segments of same entity									31.7	72.3	100.4
Net Sales									1,143.0	1,211.9	1,214.5
Operating Income (Loss)									(246.6)	44.2	67.2
Capital Expenditures									25.6	21.5	29.5
Depreciation Expense									20.4	25.9	22.2
Assets	656.6				1,202.8				656.6	1,202.8
Africa/Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenues from transactions with other operating segments of same entity									0.5	5.1	15.4
Net Sales									955.9	1,009.0	998.6
Operating Income (Loss)									(89.3)	47.8	32.3
Capital Expenditures									16.1	20.0	20.1
Depreciation Expense									16.8	16.9	16.4
Assets	738.4				988.2				738.4	988.2
Electric Utility [Member]
Segment Reporting Information [Line Items]
Net Sales									2,006.1	2,148.5	2,004.8
Electrical Infrastructure [Member]
Segment Reporting Information [Line Items]
Net Sales									1,589.5	1,674.2	1,611.5
Construction [Member]
Segment Reporting Information [Line Items]
Net Sales									1,440.4	1,568.9	1,519.0
Communications [Member]
Segment Reporting Information [Line Items]
Net Sales									570.4	713.0	651.2
Rod Mill Products [Member]
Segment Reporting Information [Line Items]
Net Sales									373.4	316.6	273.0
UNITED STATES [Member]
Segment Reporting Information [Line Items]
Net Sales									2,049.3	1,919.8	1,859.5
Long-lived Assets	318.9				331.7				318.9	331.7
CANADA [Member]
Segment Reporting Information [Line Items]
Net Sales									467.1	708.0	441.3
Long-lived Assets	42.3				49.3				42.3	49.3
FRANCE [Member]
Segment Reporting Information [Line Items]
Net Sales									383.6	469.4	494.9
Long-lived Assets	65.4				72.6				65.4	72.6
BRAZIL [Member]
Segment Reporting Information [Line Items]
Net Sales									457.9	421.3	477.6
Long-lived Assets	69.7				105.0				69.7	105.0
SPAIN [Member]
Segment Reporting Information [Line Items]
Net Sales									218.5	280.7	319.0
Long-lived Assets	64.0				166.0				64.0	166.0
Others [Member]
Segment Reporting Information [Line Items]
Net Sales									2,403.4	2,622.0	2,467.2
Long-lived Assets	$ 410.3				$ 847.8				$ 410.3	$ 847.8

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Long-Term Debt (Schedule of Africa/Asia Pacific credit facilities) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Outstanding borrowings	$ 1,337.4	$ 1,386.9
Maturities within one year	403.5
Africa/Asia Pacific [Member] | Credit Facilities [Member]
Debt Instrument [Line Items]
Outstanding borrowings	47.7	69.7
Undrawn availability	62.0	125.3
Interest rate — weighted average	5.30%	5.10%
Maturity Date	Various	Various
Maturities within one year	$ 47.7

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Other Income (Expense) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 24, 2014	Feb. 13, 2013	Feb. 12, 2013	Dec. 31, 2011	Mar. 28, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Other income (expense)	$ (212.9)	$ (66.7)	$ (2.9)
Foreign currency transaction loss	(30.3)	(3.9)
Other income attributable to foreign currency transaction gains and losses			(4.5)
Exchange rate, currency translation	6.30			6.30	6.30	4.30	4.30
Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain on derivatives in other income (expense)	(4.0)		3.0
Unrealized gain (loss) on derivatives	4.0	20.1	1.6
SICAD 1 Rate [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Exchange rate, currency translation								10.8
Venezuela [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency transaction loss		17.0
Pre-tax charge on foreign currency devaluation transaction related to Venezuelan Bolivar		40.9
Venezuela [Member] | Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized gain (loss) on derivatives		(21.9)
Venezuela [Member] | SICAD 1 Rate [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency transaction loss	(90.2)
Pre-tax charge on foreign currency devaluation transaction related to Venezuelan Bolivar	$ 83.1

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Employee Benefit Plans (Summary of Pension Plan Assets Measured at Fair Value) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 186.7		$ 194.5
Interest of lease			26.00%
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	133.1		135.5
Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	49.9		55.0
Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3.7		4.0
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	99.5		76.7
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	73.2		76.6
Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	26.3		0.1
Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0		0
Mutual Funds - Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20.9
Mutual Funds - Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	20.9
Mutual Funds - Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Mutual Funds - Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Mutual Funds - Fixed Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	39.0
Mutual Funds - Fixed Income [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	39.0
Mutual Funds - Fixed Income [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Mutual Funds - Fixed Income [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0
Mutual Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets			89.5
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets			58.9
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets			30.6
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets			0
Short-term Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4.3		2.3
Short-term Investments [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0		0
Short-term Investments [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	4.3		2.3
Short-term Investments [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0		0
Equitable Contracts [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.1		1.2
Equitable Contracts [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0		0
Equitable Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	1.1		1.2
Equitable Contracts [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0		0
Fixed Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	18.2		20.8
Fixed Income [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0		0
Fixed Income [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	18.2		20.8
Fixed Income [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0		0
Coal Lease [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3.7	[1]	4.0	[1]
Coal Lease [Member] | Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	[1]	0	[1]
Coal Lease [Member] | Fair Value, Inputs, Level 2 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	[1]	0	[1]
Coal Lease [Member] | Fair Value, Inputs, Level 3 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 3.7	[1]	$ 4.0	[1]	$ 4.2

[1] The Company’s interest represents approximately 26% of the lease which is currently between American Premier Underwriters (APU), the Lessor and CONSOL Energy (CONSOL), the Lessee. The lease pertains to real property mined by CONSOL located in Pennsylvania.

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Acquisitions and Divestitures (Assets Acquired and Liability Assumed - Alcan Cable China) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 03, 2012
Business Acquisition [Line Items]
Goodwill	$ 26.1	$ 184.6	$ 187.6
CHINA [Member] | Alcan Cable [Member]
Business Acquisition [Line Items]
Cash				8.4
Accounts receivable				8.5	[1]
Inventories				20.5
Property, plant and equipment				58.8	[2]
Intangible assets				0
Goodwill				0
Other current and noncurrent assets				0.2
Total Assets				96.4
Current liabilities				18.6
Other liabilities				20.1	[2]
Total liabilities				38.7
Adjustments to property, plant and equipment and other liabilities				$ 20

[1] Accounts receivable is gross contractual value. As of the acquisition date, the fair value of accounts receivable approximated carrying value.

[2] Final purchase price accounting includes immaterial adjustments to Property, plant, and equipment and Other liabilities of approximately $20 million.

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Income Taxes (Effective Income Tax Rate Reconciliation) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Income Tax Disclosure [Abstract]
Income tax expense (benefit) at Federal statutory tax rate	$ (222.6)		$ 9.4		$ 30.4
Foreign tax rate differential	29.0		(5.1)		(0.2)
Foreign withholding tax and surcharges	5.8		7.3		4.7
Change in valuation allowance	98.1		24.8		31.2
Change in uncertain tax positions	(10.0)		9.2		11.7
Nondeductible / nontaxable items	100.3	[1]	(6.8)	[1]	(0.3)	[1]
Other (net)	7.7		0		1.1
Income tax expense (benefit)	8.3		38.8		78.6
Nondeductible / nontaxable items, goodwill impairment	40.5	[1]
Nondeductible / nontaxable items, FCPA penalties	8.4
Nondeductible / nontaxable items, currency devaluation	78.1	[1]
Nondeductible / nontaxable items, inflation adjustments	$ 32.9

[1] For the year ended December 31, 2014, the major components consist of $40.5 million for goodwill impairments, $8.4 million for the FCPA accrual and $78.1 million for Venezuela devaluation and functional currency adjustments, partially offset by $32.9 million for Venezuela inflation adjustments.

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Supplemental Guarantor Condensed Financial Information (Condensed Balance Sheets) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of Financial Position [Line Items]
Cash and cash equivalents	$ 205.8	$ 418.8	$ 622.3	$ 434.1
Receivables, net of allowances	1,007.0	1,171.7
Inventories	1,018.8	1,239.6
Deferred income taxes	32.4	50.2
Prepaid expenses and other	106.4	126.2
Assets held for sale	25.7	0
Total current assets	2,396.1	3,006.5
Property, plant and equipment, net	758.4	1,092.0
Deferred income taxes	24.8	15.8
Intercompany accounts	0	0
Investment in subsidiaries	0	0
Goodwill	26.1	184.6	187.6
Intangible assets, net	65.1	182.9
Unconsolidated affiliated companies	17.5	19.0
Other non-current assets	78.7	78.1
Total assets	3,366.7	4,578.9
Accounts payable	672.1	870.6
Accrued liabilities	407.2	434.9
Current portion of long-term debt	403.5	250.3
Total current liabilities	1,482.8	1,555.8
Long-term debt	933.9	1,136.6
Deferred income taxes	183.0	233.8
Intercompany accounts	0	0
Other liabilities	240.0	255.9
Total liabilities	2,839.7	3,182.1
Redeemable noncontrolling interest	13.8	17.0	18.6
Total Company shareholders’ equity	452.1	1,280.2
Noncontrolling interest	61.1	99.6
Total liabilities, redeemable noncontrolling interest and equity	3,366.7	4,578.9
Parent Company [Member]
Schedule of Financial Position [Line Items]
Cash and cash equivalents	0	0.2	65.3	0.1
Receivables, net of allowances	0	0
Inventories	0	0
Deferred income taxes	0	0
Prepaid expenses and other	1.6	1.9
Assets held for sale	0
Total current assets	1.6	2.1
Property, plant and equipment, net	0.5	0.6
Deferred income taxes	0	0
Intercompany accounts	1,280.8	1,305.5	1,566.7	1,210.4
Investment in subsidiaries	269.9	1,050.4
Goodwill	0	0
Intangible assets, net	0	0
Unconsolidated affiliated companies	0	0
Other non-current assets	12.1	13.7
Total assets	1,564.9	2,372.3
Accounts payable	0	0
Accrued liabilities	11.2	13.8
Current portion of long-term debt	125.0	0
Total current liabilities	136.2	13.8
Long-term debt	778.8	902.0
Deferred income taxes	196.8	175.2
Intercompany accounts	0	0
Other liabilities	1.0	1.1
Total liabilities	1,112.8	1,092.1
Redeemable noncontrolling interest	0	0
Total Company shareholders’ equity	452.1	1,280.2
Noncontrolling interest	0	0
Total liabilities, redeemable noncontrolling interest and equity	1,564.9	2,372.3
Guarantor Subsidiaries [Member]
Schedule of Financial Position [Line Items]
Cash and cash equivalents	1.2	2.2	44.2	8.5
Receivables, net of allowances	273.7	258.5
Inventories	406.9	438.0
Deferred income taxes	15.6	23.3
Prepaid expenses and other	30.6	32.7
Assets held for sale	0
Total current assets	728.0	754.7
Property, plant and equipment, net	209.0	231.9
Deferred income taxes	0	0
Intercompany accounts	402.4	507.7
Investment in subsidiaries	643.9	1,332.3
Goodwill	13.8	13.7
Intangible assets, net	11.4	15.5
Unconsolidated affiliated companies	8.3	8.0
Other non-current assets	33.7	33.8
Total assets	2,050.5	2,897.6
Accounts payable	106.8	118.5
Accrued liabilities	114.5	103.9
Current portion of long-term debt	0	0
Total current liabilities	221.3	222.4
Long-term debt	136.8	225.0
Deferred income taxes	(40.9)	(19.4)
Intercompany accounts	1,374.5	1,339.7
Other liabilities	88.9	79.5
Total liabilities	1,780.6	1,847.2
Redeemable noncontrolling interest	0	0
Total Company shareholders’ equity	269.9	1,050.4
Noncontrolling interest	0	0
Total liabilities, redeemable noncontrolling interest and equity	2,050.5	2,897.6
Non-Guarantor Subsidiaries [Member]
Schedule of Financial Position [Line Items]
Cash and cash equivalents	204.6	416.4	512.8	425.5
Receivables, net of allowances	733.3	913.2
Inventories	611.9	801.6
Deferred income taxes	16.8	26.9
Prepaid expenses and other	74.2	91.6
Assets held for sale	25.7
Total current assets	1,666.5	2,249.7
Property, plant and equipment, net	548.9	859.5
Deferred income taxes	24.8	15.8
Intercompany accounts	94.1	35.8
Investment in subsidiaries	0	0
Goodwill	12.3	170.9
Intangible assets, net	53.7	167.4
Unconsolidated affiliated companies	9.2	11.0
Other non-current assets	32.9	30.6
Total assets	2,442.4	3,540.7
Accounts payable	565.3	752.1
Accrued liabilities	281.5	317.2
Current portion of long-term debt	278.5	250.3
Total current liabilities	1,125.3	1,319.6
Long-term debt	18.3	9.6
Deferred income taxes	27.1	78.0
Intercompany accounts	402.8	509.3
Other liabilities	150.1	175.3
Total liabilities	1,723.6	2,091.8
Redeemable noncontrolling interest	13.8	17.0
Total Company shareholders’ equity	643.9	1,332.3
Noncontrolling interest	61.1	99.6
Total liabilities, redeemable noncontrolling interest and equity	2,442.4	3,540.7
Eliminations [Member]
Schedule of Financial Position [Line Items]
Cash and cash equivalents	0	0	0	0
Receivables, net of allowances	0	0
Inventories	0	0
Deferred income taxes	0	0
Prepaid expenses and other	0	0
Assets held for sale	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Deferred income taxes	0	0
Intercompany accounts	(1,777.3)	(1,849.0)
Investment in subsidiaries	(913.8)	(2,382.7)
Goodwill	0	0
Intangible assets, net	0	0
Unconsolidated affiliated companies	0	0
Other non-current assets	0	0
Total assets	(2,691.1)	(4,231.7)
Accounts payable	0	0
Accrued liabilities	0	0
Current portion of long-term debt	0	0
Total current liabilities	0	0
Long-term debt	0	0
Deferred income taxes	0	0
Intercompany accounts	(1,777.3)	(1,849.0)
Other liabilities	0	0
Total liabilities	(1,777.3)	(1,849.0)
Redeemable noncontrolling interest	0	0
Total Company shareholders’ equity	(913.8)	(2,382.7)
Noncontrolling interest	0	0
Total liabilities, redeemable noncontrolling interest and equity	$ (2,691.1)	$ (4,231.7)

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Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

Valuation and Qualifying Accounts

(in millions)

	For the Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Accounts Receivable Allowances:
Beginning balance	$	39.2		$	38.3		$	21.2
Impact of foreign currency exchange rate changes	(4.2		)	(1.9		)	0.3
Provision	9.9			9.4			21.9
Write-offs	(12.9		)	(6.6		)	(5.1		)
Ending balance	$	32.0		$	39.2		$	38.3
Deferred Tax Valuation Allowance:
Beginning balance	$	93.8		$	77.8		$	40.0
Additions charged to tax expense	111.0			26.0			31.6
Changes attributable to acquisitions and dispositions	(1.2		)	—			0.4
Changes impacting equity and other movements	(45.4		)	(8.8		)	6.2
Reductions from utilization and reassessments	(12.8		)	(1.2		)	(0.4		)
Ending balance	$	145.4		$	93.8		$	77.8

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Fair Value Disclosure (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in millions).

	Fair Value Measurement
	December 31, 2014								December 31, 2013
(in millions)	Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3		Fair Value
Assets:
Derivative assets	$	—	$	5.4	$	—	$	5.4	$	—	$	7.2	$	—	$	7.2
Equity securities	22.1		—		—		22.1		22.2		—		—		22.2
Total Assets	$	22.1	$	5.4	$	—	$	27.5	$	22.2	$	7.2	$	—	$	29.4
Liabilities:
Derivative liabilities	$	—	$	8.1	$	—	$	8.1	$	—	$	9.3	$	—	$	9.3
Total liabilities	$	—	$	8.1	$	—	$	8.1	$	—	$	9.3	$	—	$	9.3

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Employee Benefit Plans

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

General Cable provides retirement benefits through contributory and noncontributory qualified and non-qualified defined benefit pension plans covering eligible domestic and international employees as well as through defined contribution plans and other postretirement benefits.

Defined Benefit Pension Plans

The changes in the benefit obligation and plan assets, the funded status of the plans and the amounts recognized in the Consolidated Balance Sheets are as follows (in millions):

	U.S. Plans						Non-U.S. Plans
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2014			Dec 31, 2013
Changes in Benefit Obligation:
Beginning benefit obligation	$	169.9		$	180.4		$	142.9		$	158.5
Impact of foreign currency exchange rate change	—			—			(16.6		)	(8.9		)
Transfers	—			—			(0.9		)	—
Service cost	1.6			1.9			4.6			6.5
Interest cost	8.0			7.2			5.4			5.9
Curtailment (gain) loss	(0.3		)	—			(0.1		)	—
Settlement (gain) loss	—			—			(5.7		)	(3.7		)
Benefits paid	(10.2		)	(10.1		)	(6.2		)	(5.0		)
Employee contributions	—			—			0.4			0.6
Amendments / Change in assumptions	(0.2		)	(0.1		)	—			(2.3		)
Actuarial (gain) loss	22.2			(9.4		)	27.2			(8.7		)
Ending benefit obligation	$	191.0		$	169.9		$	151.0		$	142.9
Changes in Plan Assets:
Beginning fair value of plan assets	$	142.9		$	129.1		$	51.6		$	46.1
Impact of foreign currency exchange rate change	—			—			(4.4		)	(3.4		)
Transfers	—			—			(1.0		)	—
Employee contributions	—			—			0.4			0.6
Actual return on plan assets	6.1			23.4			4.6			6.3
Company contributions	2.1			0.5			6.5			10.7
Settlements	—			—			(5.7		)	(3.7		)
Benefits paid	(10.2		)	(10.1		)	(6.2		)	(5.0		)
Ending fair value of plan assets	$	140.9		$	142.9		$	45.8		$	51.6
Funded status at end of year	$	(50.1	)	$	(27.0	)	$	(105.2	)	$	(91.3	)
Amounts Recognized in Consolidated Balance Sheets:
Other Assets	$	—		$	—		$	2.8		$	6.3
Accrued liabilities	$	(0.4	)	$	(0.4	)	$	(5.0	)	$	(5.2	)
Other liabilities	$	(49.7	)	$	(26.6	)	$	(103.0	)	$	(92.4	)
Recognized in Accumulated Other Comprehensive Income:
Net actuarial loss	$	77.3		$	55.4		$	37.4		$	17.1
Prior service cost	(0.3		)	0.4			3.4			5.7
Transition obligation	—			—			0.2			0.3
	$	77.0		$	55.8		$	41.0		$	23.1

The accumulated benefit obligation for U.S. defined benefit retirement pension plans was $190.1 million and $169.4 million for 2014 and 2013, respectively. The accumulated benefit obligation for Non-U.S. defined benefit retirement pension plans was $139.3 million and $104.5 million for 2014 and 2013, respectively. Pension plans with accumulated benefit obligations in excess of plan assets consist of the following (in millions):

	U.S. Plans				Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2014		Dec 31, 2013
Projected benefit obligation	$	191.0	$	169.9	$	134.3	$	115.4
Accumulated benefit obligation	190.1		169.4		122.6		104.5
Fair value of the plan assets	140.9		142.9		44.8		49.6

Pension expense included the following components (in millions):

	U.S. Plans Year ended									Non-U.S. Plans Year ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012			Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Pension expense:
Service cost	$	1.6		$	1.9		$	1.8		$	4.6		$	6.5		$	4.3
Interest cost	8.0			7.2			7.7			5.4			5.9			6.1
Expected return on plan assets	(10.4		)	(9.4		)	(9.1		)	(3.1		)	(2.7		)	(2.0		)
Amortization of prior service cost	0.1			0.1			0.1			0.9			1.2			1.4
Amortization of net loss	4.8			8.5			8.3			0.3			1.2			1.2
Amortization of transition obligation	—			—			—			0.3			0.1			0.2
Curtailment (gain) loss	(0.1		)	—			—			0.3			—			—
Settlement (gain) loss	—			—			—			2.7			0.1			0.1
Net pension expense	$	4.0		$	8.3		$	8.8		$	11.4		$	12.3		$	11.3

The estimated net loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net pension expense over the next fiscal year is $10.5 million. The prior service cost to be amortized from accumulated other comprehensive income into net pension expense over the next fiscal year is $0.9 million.

The Company evaluates its actuarial assumptions at least annually, and adjusts them as necessary. The Company uses a measurement date of December 31 for all of its defined benefit pension plans. The weighted average assumptions used in determining benefit obligations were:

	U.S. Plans				Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2014		Dec 31, 2013
Discount rate	4.02	%	4.85	%	3.02	%	4.36	%
Expected rate of increase in future compensation levels	2.50	%	2.00	%	3.45	%	3.85	%

The weighted average assumptions used to determine net pension expense were:

	U.S. Plans						Non-U.S. Plans
	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012		Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Discount rate	4.85	%	4.12	%	4.70	%	4.27	%	4.26	%	5.10	%
Expected rate of increase in future compensation levels	2.50	%	2.00	%	2.00	%	3.91	%	3.94	%	6.10	%
Long-term expected rate of return on plan assets	7.50	%	7.50	%	7.50	%	6.47	%	6.09	%	4.50	%

Pension expense for the defined benefit pension plans sponsored by General Cable is determined based principally upon certain actuarial assumptions, including the discount rate and the expected long-term rate of return on assets. The discount rates for the U.S. defined benefit pension plans were determined based on a review of long-term bonds that receive one of the two highest ratings given by a recognized rating agency which are expected to be available during the period to maturity of the projected pension benefit obligations and based on information received from actuaries. Non-U.S. defined benefit pension plans followed a similar evaluation process based on financial markets in those countries where General Cable provides a defined benefit pension plan.

The weighted-average long-term expected rate of return on assets is based on input from actuaries, including their review of historical 10-year, 20-year, and 25-year rates of inflation and real rates of return on various broad equity and bond indices in conjunction with the diversification of the asset portfolio. The Company’s overall investment strategy is to diversify its investments for the qualified U.S. defined benefit pension plan based on an asset allocation assumption of 65% allocated to equity investments, with an expected real rate of return of 8%, and 35% to fixed-income investments, with an expected real rate of return of 2%, and an assumed long-term rate of inflation of 3%. Equity investments primarily include investments in large-cap and mid-cap companies primarily located in the United States. The actual asset allocations were 69% of equity investments and 31% of fixed-income investments at December 31, 2014 and 54% of equity investments and 46% of fixed-income investments at December 31, 2013. Approximately 43% and 41% of plan assets were concentrated in two mutual funds as of December 31, 2014 and 2013, respectively. The expected long-term rate of return on assets for qualified non-U.S. defined benefit plans is based on a weighted-average asset allocation assumption of 60% allocated to equity investments and 40% to fixed-income investments. The actual weighted-average asset allocations were 59% of equity investments, 38% of fixed-income investments and 3% of other investments at December 31, 2014 and 63% of equity investments and 37% of fixed-income investments at December 31, 2013. Management believes that long-term asset allocations on average and by location will approximate the Company’s assumptions and that the long-term rate of return used by each country that is included in the weighted-average long-term expected rate of return on assets is a reasonable assumption.

The Company determined the fair market values of the pension plan assets based on the fair value hierarchy established in ASC 820 - Fair Value Measurement. The standard describes three levels of inputs that may be used to measure fair values which are provided in Note 2 - Summary of Significant Accounting Policies. The fair values of pension plan assets are primarily traded in active markets. For those that are not traded in active markets, the fair value is determined using quantitative models that require the use of multiple market inputs including interest rates, prices and indices to generate pricing and volatility factors, which are used to value the asset. The predominance of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Estimation risk is greater for pension assets where observable market inputs are less readily available or are unobservable. The fair values of certain pension assets include adjustments for market liquidity, counterparty credit quality. The fair value of the Company’s pension plan assets at December 31, 2014 by asset category are as follows (in millions):

			Quoted prices in Active Markets for Identical		Significant Observable		Significant Unobservable
Asset Category	Total		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Equity Securities	$	99.5	$	73.2	$	26.3	$	—
Mutual Funds - Equity Securities	20.9		20.9		—		—
Mutual Funds - Fixed Income	39.0		39.0		—		—
Short Term Investments	4.3		—		4.3		—
Equitable Contract	1.1		—		1.1		—
Fixed Income	18.2		—		18.2		—
Coal Lease (1)	3.7		—		—		3.7
Total	$	186.7	$	133.1	$	49.9	$	3.7

The fair value of the Company’s pension plan assets at December 31, 2013 by asset category are as follows (in millions):

			Quoted prices in Active Markets for Identical		Significant Observable		Significant Unobservable
Asset Category	Total		Assets (Level 1)		Inputs (Level 2)		Inputs (Level 3)
Equity Securities	$	76.7	$	76.6	$	0.1	$	—
Mutual Funds	89.5		58.9		30.6		—
Short Term Investments	2.3		—		2.3		—
Equitable Contract	1.2		—		1.2		—
Fixed Income	20.8		—		20.8		—
Coal Lease (1)	4.0		—		—		4.0
Total	$	194.5	$	135.5	$	55.0	$	4.0

(1) The Company’s interest represents approximately 26% of the lease which is currently between American Premier Underwriters (APU), the Lessor and CONSOL Energy (CONSOL), the Lessee. The lease pertains to real property mined by CONSOL located in Pennsylvania.

The following table represents details of the fair value measurements using significant unobservable inputs (Level 3):

	Coal Lease
Beginning balance at January 1, 2013	$	4.2
Change in fair value of plan assets	(0.2		)
Ending balance December 31, 2013	$	4.0
Change in fair value of plan assets	(0.3		)
Ending balance at December 31, 2014	$	3.7

The determination of pension expense for the qualified defined benefit pension plans is based on the fair market value of assets as of the measurement date. Investment gains and losses are recognized in the measurement of assets immediately. Such gains and losses will be amortized and recognized as part of the annual benefit cost to the extent that unrecognized net gains and losses from all sources exceed 10% of the greater of the projected benefit obligation or the market value of assets.

General Cable’s expense under both U.S. and non-U.S. defined benefit pension plans is determined using the discount rate as of the beginning of the fiscal year, this 2015 expense for the pension plans will be based on the weighted-average discount rate of approximately 4.02% for U.S. defined benefit pension plans and 3.02% for non-U.S. defined benefit pension plans.

The Company expects to contribute, at least the minimum required, not more than is tax deductible, $11.9 million to its defined benefit pension plans for 2015. The estimated future benefit payments expected to be paid for the Company’s defined benefit pension plans are $22.2 million in 2015, $17.5 million in 2016, $17.8 million in 2017, $18.0 million in 2018, $18.0 million in 2019 and $96.5 million from 2020 through 2023.

In 2014, the Company recorded a pre-tax non-cash settlement loss of $2.7 million for the termination of a pension plan related to the closure of one of the North America manufacturing plants.

In 2012, the Company recorded a pre-tax non-cash settlement loss of $6.1 million for the termination of a legacy pension plan in the United Kingdom stemming from the 1999 acquisition of BICC.

Defined Contribution Plans

Expense under both U.S. and non-U.S. defined contribution plans generally equals up to six percent of each eligible employee’s covered compensation based on the location and status of the employee. The net defined contribution plan expense recognized was $12.8 million, $12.0 million and $10.0 million, respectively, for the years ended December 31, 2014, 2013 and 2012.

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Redeemable Noncontrolling Interest (Narrative) (Details) (ProCables S.A. [Member], Latin America [Member])	Oct. 01, 2012
ProCables S.A. [Member] | Latin America [Member]
Redeemable Noncontrolling Interest [Line Items]
Percentage of interests acquired	60.00%

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Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

Effective in the fourth quarter of 2014, in connection with the Company's announcement to commit to a plan to divest all of the Company's operations in Asia Pacific and Africa, the Company reorganized its reportable segments as a result of a change to what the CODM uses to measure profitability and allocate resources. Accordingly, in the fourth quarter of 2014, the Company presented four geographic operating and reportable segments — North America, Europe, Latin America, and Africa/Asia Pacific. As a result of the change in how the CODM manages and allocates resources, there was a change in how certain corporate costs are allocated to better align with how the CODM allocates resources. Previously, the amounts were evenly allocated across each reportable segment and the amounts are now allocated based on a percentage of revenue at each segment. This change in the allocation method is reflected in the results below retrospectively. The Company’s operating and reportable segments align with the structure of the Company’s internal management organization. All four segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum, and fiber optic communication, construction, electric utility and electrical infrastructure wire and cable products. In addition to the above products, the North America, Latin America and Africa/Asia Pacific segments manufacture and distribute rod mill wire and cable products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. For the year ended December 31, 2014, intersegment sales were $31.5 million in North America, $55.8 million in Europe, $31.7 million in Latin America, and $0.5 million in Africa/Asia Pacific. For the year ended December 31, 2013, intersegment sales were $20.6 million in North America, $54.9 million in Europe, $72.3 million in Latin America, and $5.1 million in Africa/Asia Pacific. For the year ended December 31, 2012, intersegment sales were $27.1 million in North America, $43.5 million in Europe, $100.4 million in Latin America, and $15.4 million in Africa/Asia Pacific.

The chief operating decision maker evaluates segment performance and allocates resources based on segment operating income. Segment operating income represents income from continuing operations before interest income, interest expense, other income (expense), other financial costs and income tax. Summarized financial information for the Company's reportable segments is as follows:

	Year Ended
(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Net Sales:
North America	$	2,550.1		$	2,751.6		$	2,340.2
Europe	1,330.8			1,448.7			1,506.2
Latin America	1,143.0			1,211.9			1,214.5
Africa/Asia Pacific	955.9			1,009.0			998.6
Total	$	5,979.8		$	6,421.2		$	6,059.5
Segment Operating Income (Loss):
North America	$	118.5		$	127.5		$	124.0
Europe	(94.0		)	(7.8		)	(24.1		)
Latin America	(246.6		)	44.2			67.2
Africa/Asia Pacific	(89.3		)	47.8			32.3
Total	$	(311.4	)	$	211.7		$	199.4
Capital Expenditures:
North America	$	38.4		$	33.5		$	25.3
Europe	9.5			14.1			33.7
Latin America	25.6			21.5			29.5
Africa/Asia Pacific	16.1			20.0			20.1
Total	$	89.6		$	89.1		$	108.6
Depreciation Expense:
North America	$	39.8		$	40.3		$	30.0
Europe	33.1			35.5			33.9
Latin America	20.4			25.9			22.2
Africa/Asia Pacific	16.8			16.9			16.4
Total	$	110.1		$	118.6		$	102.5
Total Assets:
North America	$	1,220.3		$	1,342.0
Europe	751.4			1,045.9
Latin America	656.6			1,202.8
Africa/Asia Pacific	738.4			988.2
Total	$	3,366.7		$	4,578.9

Revenues by Major Product Lines Revenues to external customers are attributable to sales of electric utility, electrical infrastructure, construction, communications and rod mill wire product lines.

	Year Ended
(in millions)	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012
Electric Utility	$	2,006.1	$	2,148.5	$	2,004.8
Electrical Infrastructure	1,589.5		1,674.2		1,611.5
Construction	1,440.4		1,568.9		1,519.0
Communications	570.4		713.0		651.2
Rod Mill Products	373.4		316.6		273.0
Total	$	5,979.8	$	6,421.2	$	6,059.5

Geographic Information The following table presents net sales to unaffiliated customers by country of destination for the last three years and long-lived assets by country as of December 31:

	Net Sales						Non - Current Assets
	Year Ended						Year Ended
(in millions)	Dec 31, 2014		Dec 31, 2013		Dec 31, 2012		Dec 31, 2014		Dec 31, 2013
United States	$	2,049.3	$	1,919.8	$	1,859.5	$	318.9	$	331.7
Canada	467.1		708.0		441.3		42.3		49.3
France	383.6		469.4		494.9		65.4		72.6
Brazil	457.9		421.3		477.6		69.7		105.0
Spain	218.5		280.7		319.0		64.0		166.0
Others	2,403.4		2,622.0		2,467.2		410.3		847.8
Total	$	5,979.8	$	6,421.2	$	6,059.5	$	970.6	$	1,572.4

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Income Taxes (Unrecognized Tax Benefit) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized Tax Benefit — Beginning balance	$ 57.7	$ 64.2	$ 58.8
Gross Increases — Tax Positions in Prior Period	1.6	0.8	3.4
Gross Decreases — Tax Positions in Prior Period	(0.7)	(0.9)	(4.2)
Gross Increases — Tax Positions in Current Period	7.3	8.9	15.1
Dispositions	(0.9)	0	0
Settlements	(0.4)	(4.5)	0
Lapse of Statute of Limitations	(12.9)	(3.6)	(9.6)
Foreign Currency Translation	(19.8)	(7.2)	0.7
Unrecognized Tax Benefit — Ending Balance	$ 31.9	$ 57.7	$ 64.2

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Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Reconciliation Of The Numerator And Denominator Of Earnings (Loss) Per Common Share

A reconciliation of the numerator and denominator of earnings (loss) per common share-basic to earnings (loss) per common share-assuming dilution is as follows (in millions, except per share data):

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Earnings (loss) per share — basic:
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(18.1	)	$	4.0
Less: Net income allocated to participating securities(4)	—			0.1			—
Net income (loss) for basic EPS computations(1)	(627.6		)	(18.2		)	4.0
Weighted average shares outstanding for basic EPS computation (2,3)	48.8			49.4			49.7
Earnings (loss) per common share — basic (3)	$	(12.86	)	$	(0.37	)	$	0.08
Earnings (loss) per share — assuming dilution:
Net income (loss) attributable to Company common shareholders	$	(627.6	)	$	(18.1	)	$	4.0
Add: Preferred stock dividends on convertible stock	—			—			0.3
Net income (loss) attributable to Company common shareholders — for diluted EPS computation (1)	$	(627.6	)	$	(18.1	)	$	4.3
Weighted average shares outstanding including nonvested shares	48.8			49.4			49.7
Dilutive effect of stock options and restricted stock units	—			—			1.0
Dilutive effect of assumed conversion of preferred stock	—			—			0.4
Weighted average shares outstanding for diluted EPS computation (2)	48.8			49.4			51.1
Earnings (loss) per common share — assuming dilution	$	(12.86	)	$	(0.37	)	$	0.08

(1) Numerator

(2) Denominator

(3) Under the two class method, Earnings per share — basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

(4) Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

Impact Of Company's Stock Price On Assuming Dilution Calculation For The Subordinated Convertible Notes

The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding — assuming dilution calculation for the Subordinated Convertible Notes.

	Shares Underlying Subordinated	Total Treasury Method
Share Price	Convertible Notes	Incremental Shares (1)
$36.75	—	—
$38.75	603,152	603,152
$40.75	1,147,099	1,147,099
$42.75	1,640,151	1,640,151
$44.75	2,089,131	2,089,131

(1) Represents the number of incremental shares that must be included in the calculation of fully diluted shares under U.S. GAAP.

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Total Equity (Components Of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement Equity Components [Line Items]
Accumulated other comprehensive income (loss)	$ (263.4)	$ (112.1)	$ (104.6)
Company Common Shareholders [Member]
Statement Equity Components [Line Items]
Foreign currency translation adjustment	(185.1)	(67.1)
Pension adjustments, net of tax	(78.3)	(52.6)
Change in fair value of derivatives, net of tax	0	0
Other	0	7.6
Accumulated other comprehensive income (loss)	(263.4)	(112.1)
Noncontrolling Interest [Member]
Statement Equity Components [Line Items]
Foreign currency translation adjustment	(3.8)	(24.5)
Pension adjustments, net of tax	(2.9)	(2.9)
Change in fair value of derivatives, net of tax	0	0
Other	0	0
Accumulated other comprehensive income (loss)	$ (6.7)	$ (27.4)

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Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in millions):

	Dec 31, 2014		Dec 31, 2013
Payroll related accruals	$	75.0	$	83.8
Customers deposits and prepayments	64.2		93.2
Taxes other than income	30.4		36.5
Customer rebates	42.6		50.6
Insurance claims and related expenses	21.5		21.1
Current and deferred income tax liabilities	23.0		21.9
Derivative liability	7.1		7.0
Restructuring reserve	33.4		—
FCPA accrual	24.0		—
Other accrued liabilities	86.0		120.8
Total	$	407.2	$	434.9

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Total Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 26, 2014	Jun. 27, 2014	Mar. 28, 2014	Dec. 31, 2013	Sep. 27, 2013	Jun. 28, 2013	Mar. 29, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of Sales									$ 5,586.6	$ 5,717.5	$ 5,434.6
Other									(450.7)	(492.0)	(425.5)
Total	(163.2)	(124.2)	(24.8)	(315.4)	13.8	5.7	8.2	(45.8)	(627.6)	(18.1)	4.0
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other									(1.2)	0
Total									(7.9)	18.9
Reclassification out of Accumulated Other Comprehensive Income [Member] | Change in Fair Value of Derivatives [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sale of PDP and PDEP									3.6	0
Cost of Sales									0	0.7
Total									0	0.7
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of Defined Pension Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior service cost									(1.2)	1.7
Net loss									(9.1)	16.5
Total									$ (10.3)	$ 18.2

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Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares issued	48,683,493	49,598,653
Common stock, shares outstanding	48,683,493	49,598,653
Treasury stock, shares	10,126,473	9,211,857
Allowance for Doubtful Accounts [Member]
Allowances for receivables	$ 32.0	$ 39.2

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Financial Instruments (Gain And Loss On The Derivative Representing Either Hedge Ineffectiveness Or Hedge Components Excluded From The Assessment Of Effectiveness) (Details) (Cash Flow Hedging [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Effective portion recognized inAccumulated OCI Gain / (Loss)	$ (1.2)	$ 4.9
Reclassified from Accumulated OCI Gain / (Loss)	(2.0)	(4.4)
Ineffective portion and amount excluded from effectiveness testing Gain / (Loss)		(0.3)	[1]
Interest Expense [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Effective portion recognized inAccumulated OCI Gain / (Loss)	0.1	0.3
Reclassified from Accumulated OCI Gain / (Loss)	(0.1)	0
Ineffective portion and amount excluded from effectiveness testing Gain / (Loss)		0	[1]
Cost of Sales [Member] | Commodity Futures [Member]
Derivatives, Fair Value [Line Items]
Effective portion recognized inAccumulated OCI Gain / (Loss)	(1.3)	4.8
Reclassified from Accumulated OCI Gain / (Loss)	(1.9)	(3.3)
Ineffective portion and amount excluded from effectiveness testing Gain / (Loss)		(0.3)	[1]
Other Income /(Expense) [Member] | Foreign Currency Exchanges [Member]
Derivatives, Fair Value [Line Items]
Effective portion recognized inAccumulated OCI Gain / (Loss)		(0.2)
Reclassified from Accumulated OCI Gain / (Loss)		(1.1)
Ineffective portion and amount excluded from effectiveness testing Gain / (Loss)		$ 0	[1]

[1] The ineffective portion and the amount excluded from effectiveness testing for all derivatives designated as cash flow hedges is recognized in other income and expense.

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Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2014

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Principles of Consolidation

The Company’s consolidated financial statements include the accounts of wholly-owned subsidiaries and majority-owned controlled subsidiaries. The Company records its investment in each unconsolidated affiliated Company (generally 20-50 percent ownership in which it has the ability to exercise significant influence) at its respective equity in net assets. Other investments (less than 20 percent ownership) are recorded at cost. All intercompany transactions and balances among the consolidated companies have been eliminated.

Use of Estimates

The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates are based on historical experience and information that is available to management about current events and actions the Company may take in the future. Significant items subject to estimates and assumptions include valuation allowances for accounts receivable and deferred income taxes; legal, compliance, environmental and asbestos liabilities; uncertain tax positions; inventory costing and valuation, assets and obligations related to pension and other postretirement benefits; business combination accounting and related purchase accounting valuations; long-lived assets, goodwill and intangible valuations; financial instruments; self-insured workers’ compensation and health insurance reserves; and revenue recognized under the percentage-of-completion method. There can be no assurance that actual results will not differ from these estimates.

Historically, the Company has not experienced material changes in estimates as it relates to the revenue recognized under the percentage of completion method. However, in the fourth quarter of 2012 changes in estimates across all submarine turnkey projects in the Europe segment resulted in a reduction to gross profit of $27.5 million, with $20.8 million of the reduction associated with one certain submarine turnkey project at the Company's German submarine power cable manufacturing facility. Equipment failure at the German facility resulted in costs, for this particular project, related to cable damage, equipment repairs and ship rental of $13.3 million. Due to these failures the Company decided to use the zero-profit method of accounting for this project which resulted in a reduction of margin by an additional $7.5 million. In 2014, the Company completed a number of critical project milestones related to this project and resolved certain claims with the customer, as a result the Company determined to no longer use the zero-profit method. Based on this change in estimate and the resolution of certain claims, the Company's gross profit increased $18.3 million in the year ended December 31, 2014. There was no material impact to gross profit as a result of changes in estimates related to revenue recognition under the percentage of completion method in 2013.

Revenue Recognition

The majority of the Company’s revenue is recognized when goods are shipped to the customer, title and risk of loss are transferred, pricing is fixed and determinable and collectability is reasonably assured. Most revenue transactions represent sales of inventory. A provision for payment discounts, product returns, warranty and customer rebates is estimated based upon historical experience and other relevant factors and is recorded within the same period that the revenue is recognized. A portion of the Company’s revenue consists of long-term product installation contract revenue that is recognized based on the percentage-of-completion method generally based on the cost-to-cost method if there are reasonably reliable estimates of total revenue, total cost, and the extent of progress toward completion; and there is an enforceable agreement between parties who can fulfill their contractual obligations. The Company reviews contract price and cost estimates periodically as the work progresses and reflects adjustments proportionate to the percentage-of-completion to income in the period when those estimates are revised. For these contracts, if a current estimate of total contract cost indicates a loss on a contract, the projected loss is recognized in full in the period when determined.

Stock-Based Compensation

The Company has various plans which provide for granting options and common stock to certain employees and independent directors of the Company and its subsidiaries. All share-based payments to employees, including grants of employee stock options, are recognized in the financial statements based on their fair values. The appropriate fair value model is used for valuing share-based payments and in determining the amortization method for the compensation cost for new awards, and to awards modified, repurchased or canceled after January 1, 2006. Information on General Cable’s equity compensation plans and additional information on compensation costs from stock-based compensation are described in Notes 14 and 15.

Earnings Per Share

Earnings or loss per common share-basic is determined by dividing net income applicable to common shareholders by the weighted average number of common shares-basic outstanding. Earnings per common share-assuming dilution is computed based on the weighted average number of common shares-assuming dilution outstanding which gives effect (when dilutive) to stock options, other stock-based awards, the assumed conversion of the Subordinated Convertible Notes, if applicable, and other potentially dilutive securities. Refer to discussion in Note 17 - Earnings Per Common Share.

Foreign Currency Translation

For operations outside the United States that prepare financial statements in currencies other than the U.S. dollar, results of operations and cash flows are translated at average exchange rates during the period, and assets and liabilities are translated at spot exchange rates at the end of the period. Foreign currency translation adjustments are included as a separate component of accumulated other comprehensive income (loss) in total equity. The effects of changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated are recorded as foreign currency transaction gains (losses) within other income (expense) in the Consolidated Statements of Operations and Comprehensive Income (Loss).

Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less from the date of purchase to be cash equivalents. Cash equivalents are carried at cost, which approximates fair value.

Accounts Receivable

The accounts receivable balance is recorded at the stated amount, less allowances for doubtful accounts, price discounts, and returns. At the time of the sale and at each quarter, the Company evaluates the accounts receivable balance to determine a best estimate for doubtful accounts, price discounts, and returns. The Company reviews general historical trends in the account, customer overdue balances, high risk accounts that have been specifically identified based on historical and current customer patterns, contractual obligations, and current economic conditions to determine an estimate for these allowances.

Inventories

Approximately 86% of the Company's inventories are valued using the average cost method and all remaining inventories are valued using the first-in, first-out (FIFO) method. During 2014, the Venezuelan entity recorded $9.5 million of lower of cost or market charges that were recognized. All inventories are stated at the lower of cost or market value.

The Company has consignment inventory at certain of its customer locations for purchase and use by the customer or other parties. General Cable retains title to the inventory and records no sale until it is ultimately sold either to the customer storing the inventory or to another party. In general, the value and quantity of the consignment inventory is verified by General Cable through either cycle counting or annual physical inventory counting procedures.

Property, Plant and Equipment

Property, plant and equipment are stated at cost, less accumulated depreciation. Costs assigned to property, plant and equipment relating to acquisitions are based on estimated fair values at the acquired date. Depreciation is provided using the straight-line method over the estimated useful lives of the assets: new buildings, from 15 to 50 years; and machinery, equipment and office furnishings, from 2 to 20 years. Leasehold improvements are depreciated over the life of the lease or over the useful life if shorter. The Company’s manufacturing facilities perform major maintenance activities during planned shutdown periods which traditionally occur in July and December, and costs related to major maintenance activities are expensed as incurred.

The Company evaluates the recoverability of the carrying amount of long-lived assets (including property, plant and equipment and intangible assets with determinable lives) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. The Company evaluates events or changes in circumstances based mostly on actual historical operating results, but business plans, forecasts, general and industry trends and anticipated cash flows are also considered. Impairment is assessed when the undiscounted expected future cash flows derived from an asset are less than its carrying amount. Impairment losses are measured as the amount by which the carrying value of an asset exceeds its fair value and are recognized in earnings. The Company also continually evaluates the estimated useful lives of all long-lived assets and, when warranted, revises such estimates based on current events. In the year ended December 31, 2014, the Company recorded asset-related costs of $117.5 million related to the Company's July restructuring plan, recorded asset impairment charges of $13.1 million related to a Brazil rod mill plant and $29.3 million related to the Venezuela operations. See Note 3 - Restructuring and Review of Strategic Alternatives and Operational Structure and Note 7 - Property, Plant and Equipment for additional details.

The Company evaluates long-lived assets to be sold or abandoned to determine if the long-lived assets shall be classified as held for sale. In October 2014, the Company announced the intent to divest all of the Company's operations in Africa and Asia Pacific. The Company reviewed each disposal group in the Company's Africa/Asia Pacific reportable segment to determine if the assets should be considered held for sale. In the fourth quarter of 2014, the Company committed to sell Dominion Wire & Cables Ltd, the Company's Fiji operations ("Fiji"), with assets of $12.6 million and liabilities of $1.2 million. At December 31, 2014, the Company classified Fiji's assets and liabilities as held for sale based on the criteria set forth in ASC 360. The assets held for sale were included in the Company's Assets held for sale caption and the liabilities held for sale were included in the Accrued liabilities caption of the Company's Consolidated Balance Sheet, respectively, at December 31, 2014. At December 31, 2014, the Company determined that the remaining disposals groups within the Africa/Asia Pacific segment did not meet the held for sale criteria set forth in ASC 360 primarily driven by management’s belief that the probability of a sale within one year is uncertain.

In addition, as of December 31, 2014, the Company had $13.1 million of property, plant and equipment within the Company's Assets held for sale caption of the Company's Consolidated Balance Sheet recorded as assets held for sale related to property, plant and equipment held for sale due to the July restructuring program. Assets held for sale are measured at the lower of its carrying amount or fair value less cost to sell and depreciation has ceased.

Goodwill and Intangible Assets

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. Goodwill is allocated to various reporting units, which are generally an operating segment or one level below the operating segment. The Company compares the fair value of each reporting unit to its carrying amount to determine if there is potential goodwill impairment. If the fair value of a reporting unit is less than its carrying value, an impairment loss is recorded to the extent that the fair value of the goodwill within the reporting unit is less than the carrying value of the goodwill. The impairment test for the Company’s indefinite-lived intangible assets involves comparing the fair value of the intangibles to their carrying values. If the carrying amount of an intangible asset with an indefinite life exceeds its fair value, an impairment loss would be recognized in the amount equal to the excess.

In the year ended December 31, 2014, the Company recognized impairment charges equal to the total recorded PDIC reporting unit goodwill of $155.1 million and the Company recognized $93.4 million of impairment charges related to the PDIC trade name. Our annual impairment test for both remaining goodwill and indefinite lived intangibles assets after the 2014 impairment charges indicated there was no impairment. However, future changes in judgments, assumptions and estimates that are used in our annual impairment testing, including discount and tax rates, future cash flow projections, or the long term growth rate could result in significantly different estimates of fair value; therefore, such changes could materially affect the financial statements in any given year.

Intangible assets that are not deemed to have an indefinite life, principally customer relationships and tradenames, are amortized over their useful lives based on the expected economic benefit consistent with the historical customer attrition rates.

Severance Expenses

In 2014, the Company announced restructuring plans. As a result, the Company has incurred restructuring costs which include employee separation costs. The charges relate to involuntary separations and the amounts are based on current salary levels and past service periods and are either considered one-time employee termination benefits in accordance with ASC 420 - Exit or Disposal Cost Obligations or as charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits. The charges are recognized when it is probable that a liability has been incurred and the amount of such liability is reasonably estimable. Management estimates must be applied to determine when it is appropriate to record restructuring accruals as well as assumptions in calculating the restructuring accruals as employees could choose to voluntarily leave the Company, forfeiting termination benefits. To the extent these assumptions and estimates change, there could be future subsequent adjustments to the accrual balance.

Long-Term Debt

In accordance with ASC 470 - Debt, convertible debt instruments that may be settled in cash or other assets, or partially in cash, upon conversion, are separately accounted for as long-term debt and equity components (or conversion feature). The accounting applies to the Subordinated Convertible Notes. The debt component represents the Company’s contractual obligation to pay principal and interest and the equity component represents the Company’s option to convert the debt security into equity of the Company or the equivalent amount of cash. Upon issuance, the Company allocated the debt component on the basis of the estimated fair value of an identical debt instrument that it would issue excluding the convertible option and the remaining proceeds are allocated to the equity component. The bifurcation of the debt and equity components resulted in a debt discount for the aforementioned notes. In accordance with ASC 470 - Debt, the Company uses the interest method to amortize the debt discount to interest expense over the amortization period which is the expected life of the debt.

Derivative Financial Instruments

It is the Company’s policy that derivative transactions are executed only to manage exposures arising in the normal course of business and not for the purpose of creating speculative positions or trading. Derivative financial instruments are utilized to manage interest rate, commodity and foreign currency risk. ASC 815 - Derivatives and Hedging, as amended, requires that all derivatives be recorded on the balance sheet at fair value. At December 31, 2014, there were no derivatives that were designated as cash flow hedges.

Forward Pricing Agreements for Purchases of Copper and Aluminum

In the normal course of business, the Company enters into forward pricing agreements for purchases of copper and aluminum to match certain sales transactions. The Company accounts for these forward pricing arrangements under the “normal purchases and normal sales” scope exemption because these arrangements are for purchases of copper and aluminum that will be delivered in quantities expected to be used by the Company over a reasonable period of time in the normal course of business. For these arrangements, it is probable at the inception and throughout the life of the arrangements that the arrangements will not settle net and will result in physical delivery of the inventory. The Company expects to recover the cost of copper and aluminum under these agreements as a result of firm sales price commitments with customers. Refer to Note 11 - Financial Instruments.

Fair Value of Financial Instruments

The Company carries derivative assets, derivative liabilities and marketable equity securities held in a rabbi trust as part of the Company’s deferred compensation plan at fair value. The Company determines the fair market value of its financial instruments based on the fair value hierarchy established in ASC 820 - Fair Value Measurement.

Pension Plans

The Company provides retirement benefits through contributory and non-contributory qualified and non-qualified defined benefit pension plans covering eligible domestic and international employees as well as through defined contribution plans and other postretirement benefits. Benefits under General Cable’s qualified U.S. defined benefit pension plan generally are based on years of service multiplied by a specific fixed dollar amount, and benefits under the Company’s qualified non-U.S. defined benefit pension plans generally are based on years of service and a variety of other factors that can include a specific fixed dollar amount or a percentage of either current salary or average salary over a specific period of time. The amounts funded for any plan year for the qualified U.S. defined benefit pension plan are neither less than the minimum required under federal law nor more than the maximum amount deductible for federal income tax purposes. General Cable’s non-qualified unfunded U.S. defined benefit pension plans include a plan that provides defined benefits to select senior management employees beyond those benefits provided by other programs. The Company’s non-qualified unfunded non-U.S. defined benefit pension plans include plans that provide retirement indemnities to employees. Pension obligations for the non-qualified unfunded defined benefit pension plans are recognized in the Consolidated Balance Sheet and are based on local practices and regulations of the respective countries. General Cable makes cash contributions for the costs of the non-qualified unfunded defined benefit pension plans as the benefits are paid.

Loss Contingencies

The Company determines whether to disclose and/or accrue for loss contingencies based on an assessment of whether the risk of loss is remote, reasonably possible or probable. The Company's assessment is developed in consultation with its outside counsel and other advisers and is based on an analysis of possible outcomes. Loss contingency assumptions involve judgments that are inherently subjective and can involve matters that are in litigation, which, by its nature is unpredictable. The Company believes that its assessment of the probability of loss contingencies is reasonable, but because of the subjectivity involved and the unpredictable nature of the subject matter at issue, the Company's assessment may prove ultimately to be incorrect, which could materially impact the consolidated financial statements.

Self-insurance

The Company is self-insured for certain employee medical benefits, workers’ compensation benefits, environmental and asbestos-related issues. The Company purchased stop-loss coverage in order to limit its exposure to any significant level of workers’ compensation claims in 2014 and 2013. Certain insurers are also partly responsible for coverage on many of the asbestos-related issues (refer to Note 19 - Commitments and Contingencies for information relating to the release of one of these insurers during 2006). Self-insured losses are accrued based upon estimates of the aggregate liability for uninsured claims incurred using the Company’s historical claims experience.

Concentration of Risk

General Cable sells a broad range of products globally. Concentrations of credit risk with respect to trade receivables are limited due to the large number of customers, including members of buying groups, composing General Cable’s customer base. General Cable customers generally receive a 30 to 60 day payment period on purchases from the Company, with certain exceptions in European, Mediterranean and Asian markets. Certain automotive aftermarket customers of the Company receive payment terms ranging from 45 days to 360 days, which is common in this particular market. Ongoing credit evaluations of customers’ financial condition are performed, and generally, no collateral is required. General Cable maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s estimates. Certain subsidiaries also maintain credit insurance for certain customer balances. Bad debt expense associated with uncollectible accounts for the years ended December 31, 2014, 2013 and 2012 was $9.9 million, $9.4 million and $21.9 million, respectively.

In North America, the Company has centralized the purchasing of its copper, aluminum and other significant raw materials to capitalize on economies of scale and to facilitate the negotiation of favorable purchase terms from suppliers. In 2014, the Company’s largest supplier of copper rod accounted for approximately 70% of its North American copper purchases while the largest supplier of aluminum rod accounted for approximately 50% of its North American aluminum purchases. The Company’s non-North America operations purchase copper and aluminum rod from many suppliers or brokers with each generally providing a small percentage of the total copper and aluminum rod purchased or internally produce copper and aluminum rod for production needs.

Venezuela has foreign exchange and price controls which have historically limited the Company’s ability to convert bolivars to U.S. dollar and transfer funds out of Venezuela. In Venezuela, government restrictions on the transfer of cash out of the country have limited the Company’s ability to repatriate cash. Approximately 15% and 46% of the consolidated cash balance as of December 31, 2014 and December 31, 2013, respectively, was held in Venezuela. The operating cash flows attributable to Venezuela was $26.2 million and $97.4 million for the years ended December 31, 2014 and 2013, respectively, as compared to the Company's operating cash flows of $133.2 million and $38.2 million for the years ended December 31, 2014 and 2013, respectively.

At December 31, 2014, $44.3 million of requests of U.S. dollars to settle U.S. dollar denominated intercompany payables remained pending over 180 days, which we expect will be settled at the SICAD 2 rate. Currency exchange controls in Venezuela continue to limit our ability to remit funds from Venezuela. We do not consider the net assets of Venezuela to be integral to our ability to service our debt and operational requirements.

In addition, in the fourth quarter of 2014, the Venezuelan government's default risk increased substantially as external finances continued to deteriorate due to the strong decrease in oil prices. Based on the increased default risk, the Company recognized a $10.3 million charge for the long-term value added tax receivable from the Venezuelan government.

Income Taxes

The Company is subject to income tax in numerous United States federal, state, and foreign jurisdictions. Significant judgments and estimates are inherent in determining the Company's consolidated income tax expense, current tax payable, deferred tax assets and liabilities, and liabilities for uncertain tax positions. Future events such as changes in business conditions, tax legislation, tax audit resolutions, or foreign earnings repatriation plans could materially impact these estimates and the Company's tax position.

Deferred tax assets and liabilities are determined based on the differences between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. At December 31, 2014, the Company had recorded a net deferred tax liability of $134.7 million ($24.0 million net current deferred tax asset less $158.7 million net long term deferred tax liability). The valuation of deferred tax assets is dependent on, among other things, the ability of the Company to generate a sufficient level of future taxable income. In estimating future taxable income, the Company has considered both positive and negative evidence, such as historical and forecasted results of operations, including prior losses, and has considered the implementation of prudent and feasible tax planning strategies. As of December 31, 2014, the Company recorded a valuation allowance of $145.4 million to reduce deferred tax assets to the amount judged more likely than not to be realized. The Company has and will continue to review on a quarterly basis its assumptions and tax planning strategies, and, if the amount of the estimated realizable deferred tax assets is less than the amount currently on the balance sheet, the Company would reduce its deferred tax asset, recognizing a non-cash charge against reported earnings. Likewise, if the Company determines that a valuation allowance against a deferred tax asset is no longer appropriate, the adjustment to the valuation allowance would reduce income tax expense.

The Company operates in multiple jurisdictions with complex tax policies and regulations. In certain jurisdictions, the Company has taken tax positions that it believes are supportable, but which could be subject to challenge by the tax authorities. These tax positions are evaluated and liabilities for uncertain tax positions are established in accordance with the ASC 740 - Income Taxes tax accounting guidance. The status of uncertain tax positions is reviewed in light of changing facts and circumstances, such as tax audits, rulings, and case law, and the related liabilities are adjusted accordingly.

The Company recognizes interest and penalties related to unrecognized tax benefits within the income tax expense line in the accompanying Consolidated Statements of Operations and Comprehensive Income (Loss). Accrued interest and penalties are included within the related tax liability line item in the Consolidated Balance Sheets.

Shipping and Handling Costs

All shipping and handling amounts billed to a customer in a sales transaction are classified as revenue. Shipping and handling costs associated with storage and handling of finished goods and storage and handling of shipments to customers are included in cost of sales and totaled $157.2 million, $163.5 million and $150.4 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Advertising Expense

Advertising expense consists of expenses relating to promoting the Company’s products, including trade shows, catalogs, and e-commerce promotions, and is charged to expense when incurred. Advertising expense was $14.2 million, $13.3 million and $10.7 million in 2014, 2013 and 2012, respectively.

New Accounting Pronouncements

During the year ended December 31, 2014, the Company did not change any of its existing accounting policies that are expected to have a significant effect on the consolidated financial statements. The following accounting pronouncements were adopted and became effective with respect to the Company in 2014 or will become effective with respect to the Company:

In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity", which raises the threshold for determining which disposals are required to be presented as discontinued operations and modifies related disclosure requirements. The revised accounting guidance applies prospectively to all disposals (or classifications as held for sale) of components of an entity and for businesses that, upon acquisition, are classified as held for sale on or after adoption. Early adoption is permitted for disposals (or classifications as held for sale) that have not been previously reported in financial statements. The Company elected to early adopt the guidance and implemented ASU 2014-08 for the year ended December 31, 2014. The effects of applying the revised guidance will vary based upon the nature and size of future disposal transactions. It is expected that fewer disposal transactions will meet the new criteria to be reported as discontinued operations. There were no disposals of components of the Company that were reported as discontinued operations in the year ended December 31, 2014. The Company will continually evaluate the status of discontinued operations each quarter to ensure compliance with ASU 2014-08 requirements.

In October 2014, the Company announced the intent to divest all of the Company's operations in Africa and Asia Pacific. The Company assessed the discontinued operations financial reporting treatment for those businesses which were announced for divestiture. Management believes the planned actions may meet the requirements of a strategic shift; however, all of the conditions do not meet the requirements to be considered held for sale at December 31, 2014. This is primarily driven by management's belief that the probability of the sale within one year is uncertain. In addition, there is uncertainty regarding the ultimate outcome for each entity which could include possible abandonment. Therefore, when considered as a group of components, the discontinued operations criteria is not met under ASU 2014-08.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. The Company will adopt the standard on January 1, 2017. The Company is evaluating the impact that the standard will have on its Consolidated Financial Statements.

In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period." This standard provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

XML

Restructuring and Review of Strategic Alternatives and Operational Structure (Restructuring Activity) (Details) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Jul. 31, 2014
Restructuring Reserve [Roll Forward]
Balance, December 31, 2013		$ 0
Balance, December 31, 2014	33,400,000	0
July 2014 Restructuring Program [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring charges	190,000,000		190,000,000
Restructuring Reserve [Roll Forward]
Balance, December 31, 2013	0
Net provisions	166,300,000
Net benefits charged against the assets	(125,900,000)
Payments	(5,000,000)
Foreign currency translation	(2,000,000)
Balance, December 31, 2014	33,400,000
Remaining expected restructuring charges	23,700,000
July 2014 Restructuring Program [Member] | Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring charges	50,000,000
Restructuring Reserve [Roll Forward]
Balance, December 31, 2013	0
Net provisions	38,700,000
Net benefits charged against the assets	0
Payments	(4,300,000)
Foreign currency translation	(2,000,000)
Balance, December 31, 2014	32,400,000
Remaining expected restructuring charges	11,300,000
July 2014 Restructuring Program [Member] | Asset-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring charges	120,000,000
Restructuring Reserve [Roll Forward]
Balance, December 31, 2013	0
Net provisions	117,500,000
Net benefits charged against the assets	(117,500,000)
Payments	0
Foreign currency translation	0
Balance, December 31, 2014	0
Remaining expected restructuring charges	2,500,000
July 2014 Restructuring Program [Member] | Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring charges	20,000,000
Restructuring Reserve [Roll Forward]
Balance, December 31, 2013	0
Net provisions	10,100,000
Net benefits charged against the assets	(8,400,000)
Payments	(700,000)
Foreign currency translation	0
Balance, December 31, 2014	1,000,000
Remaining expected restructuring charges	$ 9,900,000

XML

Long-Term Debt (Schedule of Revolving Credit Facility) (Narrative) (Details) (USD $)	0 Months Ended	12 Months Ended
	Sep. 06, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 22, 2011
Debt Instrument [Line Items]
Equity interest pledged in all domestic subsidiaries, percentage	100.00%
Non-voting equity interest pledged in certain foreign subsidiaries, percentage	100.00%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity under credit facility	$ 1,000,000,000.0		$ 700,000,000		$ 400,000,000
Capital expenditures to fixed charges ratio	100.00%	129.00%	115.00%
Additional borrowings	250,000,000
Deferred financing costs capitalized			4,900,000	2,300,000
Threshold for line of credit facility percentage of asset based revolving credit facilities	10.00%
Equity interest pledged in foreign subsidiaries, percentage	65.00%
UNITED STATES [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity under credit facility					630,000,000
Undrawn availability		257,700,000	102,100,000
Europe [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity under credit facility					300,000,000
Undrawn availability		113,000,000	143,200,000
CANADA [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Borrowing capacity under credit facility					70,000,000
Undrawn availability		54,300,000	53,100,000
Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Undrawn availability			100,000,000
Threshold for line of credit facility borrowings	$ 100,000,000
Line of credit facility commitment fee, percentage	0.25%
Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility commitment fee, percentage	0.375%

XML

Total Equity (Change in Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 31, 2013	$ (112.1)	$ (104.6)
Other comprehensive income before reclassifications	(138.6)	(26.4)
Amounts reclassified from accumulated other comprehensive income	(7.9)	18.9
Other	(4.8)
Net current - period other comprehensive income (loss)	(151.3)	(7.5)
Balance, December 31, 2014	(263.4)	(112.1)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 31, 2013	(67.1)	(27.9)
Other comprehensive income before reclassifications	(123.2)	(39.2)
Amounts reclassified from accumulated other comprehensive income	3.6	0
Other	1.6
Net current - period other comprehensive income (loss)	(118.0)	(39.2)
Balance, December 31, 2014	(185.1)	(67.1)
Change of Fair Value of Pension Benefit Obligation [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 31, 2013	(52.6)	(84.4)
Other comprehensive income before reclassifications	(15.4)	13.6
Amounts reclassified from accumulated other comprehensive income	(10.3)	18.2
Other	0
Net current - period other comprehensive income (loss)	(25.7)	31.8
Balance, December 31, 2014	(78.3)	(52.6)
Change in Fair Value of Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 31, 2013	0	0.1
Other comprehensive income before reclassifications	0	(0.8)
Amounts reclassified from accumulated other comprehensive income	0	0.7
Net current - period other comprehensive income (loss)	0	(0.1)
Balance, December 31, 2014	0	0
Accumulated Deferred Stock Held in Rabbi Trust [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Balance, December 31, 2013	7.6	7.6
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income	(1.2)	0
Other	(6.4)
Net current - period other comprehensive income (loss)	(7.6)	0
Balance, December 31, 2014	$ 0	$ 7.6

XML

Property, Plant And Equipment (Narrative) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 110.1	$ 118.6	$ 102.5
Asset impairment charges	158.3	14.0	0
Venezuela [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges	29.3
BRAZIL [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges	13.1
Mexico [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 14.0

XML

Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments And Contingencies

Commitments and Contingencies

Environmental matters

We are subject to a variety of federal, state, local and foreign laws and regulations covering the storage, handling, emission and discharge of materials into the environment, including CERCLA, the Clean Water Act, the Clean Air Act (including the 1990 amendments) and the Resource Conservation and Recovery Act.

Our subsidiaries in the United States have been identified as potentially responsible parties with respect to several sites designated for cleanup under CERCLA or similar state laws, which impose liability for cleanup of certain waste sites and for related natural resource damages without regard to fault or the legality of waste generation or disposal. Persons liable for such costs and damages generally include the site owner or operator and persons that disposed or arranged for the disposal of hazardous substances found at those sites. Although CERCLA imposes joint and several liability on all potentially responsible parties, in application, the potentially responsible parties typically allocate the investigation and cleanup costs based upon, among other things, the volume of waste contributed by each potentially responsible party.

Settlements can often be achieved through negotiations with the appropriate environmental agency or the other potentially responsible parties. Potentially responsible parties that contributed small amounts of waste (typically less than 1% of the waste) are often given the opportunity to settle as “de minimus” parties, resolving their liability for a particular site. We do not own or operate any of the waste sites with respect to which we have been named as a potentially responsible party by the government. Based on our review and other factors, we believe that costs relating to environmental clean-up at these sites will not have a material adverse effect on our results of operations, cash flows or financial position.

At December 31, 2014 and 2013, the Company had an accrued liability of approximately $4.5 million and $3.1 million, respectively, for various environmental-related liabilities to the extent costs are known or can be reasonably estimated as a liability. While it is difficult to estimate future environmental-related liabilities accurately, the Company does not currently anticipate any material adverse impact on its results of operations, financial position or cash flows as a result of compliance with federal, state, local or foreign environmental laws or regulations or cleanup costs of the sites discussed above.

Asbestos litigation

We have been a defendant in asbestos litigation for over 20 years. Our subsidiaries have been named as defendants in lawsuits alleging exposure to asbestos in products manufactured by us. As of December 31, 2014, we were a defendant in approximately 3,251 cases brought in Federal District Courts throughout the United States. In calendar years 2014, 2013 and 2012, 104, 133, and 113 asbestos cases, respectively, were brought against us. In the last 22 years, we have had no cases proceed to verdict. In many of the cases, we were dismissed as a defendant before trial for lack of product identification. As of December 31, 2014, 47,887 asbestos cases have been dismissed. In calendar years 2014, 2013 and 2012, 25,954 cases, 65 cases and 66 cases, respectively, were dismissed. With regards to the approximately 3,251 remaining pending cases, we are aggressively defending these cases based upon either lack of product identification as to whether we manufactured asbestos-containing product and/or lack of exposure to asbestos dust from the use of our product.

As of December 31, 2014, 2,679 pending lawsuits had been brought on behalf of plaintiffs by a single admiralty law firm (“MARDOC”) and seek unspecified damages. Plaintiffs in the MARDOC cases generally allege that they formerly worked in the maritime industry and sustained asbestos-related injuries from products that General Cable ceased manufacturing in the mid-1970s. The MARDOC cases are managed and supervised by a federal judge in the United States District Court for the Eastern District of Pennsylvania (“District Court”) by reason of a transfer by the judicial panel on Multidistrict Litigation (“MDL”). In September 2014, upon receipt from the MDL Court of a current statistical report listing numbers of outstanding cases as well as a list identifying outstanding Maritime/MARDOC cases by plaintiff name, the Company recorded a dismissal of 25,759 cases reducing its number of pending Maritime/MARDOC cases to 2,679.

In the MARDOC cases in the MDL, the District Court in May 1996 dismissed all pending cases filed without prejudice and placed them on an inactive administrative docket. To reinstate a MARDOC case from the inactive docket, plaintiffs’ counsel must show that the plaintiff not only suffered from a recognized asbestos related injury, but also must produce specific product identification evidence to proceed against an individual defendant. During 2010, the MDL Court ordered plaintiffs to identify the defendants against whom they intended to proceed in the Maritime cases. General Cable was not named as a defendant against whom the plaintiffs intended to proceed. As such it is now anticipated that General Cable will be dismissed from all Maritime related lawsuits.

For cases outside the MDL as of December 31, 2014, plaintiffs have asserted monetary damages in 278 cases. In 143 of these cases, plaintiffs allege only damages in excess of some dollar amount (about $402 thousand per plaintiff); in these cases there are no claims for specific dollar amounts requested as to any defendant. In the 134 other cases pending in state and federal district courts (outside the MDL), plaintiffs seek approximately $457 million in damages from as many as 50 defendants. In one case, plaintiffs have asserted damages related to us in the amount of $10 million. In addition, in relation to these 278 cases, there are claims of $324 million in punitive damages from all of the defendants. However, many of the plaintiffs in these cases allege non-malignant injuries. At December 31, 2014 and 2013, we have accrued, on a gross basis, approximately $4.7 million and $5.2 million and had recorded approximately $0.5 million of insurance recoveries for these lawsuits, at each year end. The net amount of $4.2 million and $4.7 million as of December 31, 2014 and 2013 represents our best estimate in order to cover resolution of current and future asbestos-related claims.

The components of the asbestos litigation reserve are current and future asbestos-related claims. The significant assumptions are: (1) the number of cases per state, (2) an estimate of the judgment per case per state, (3) an estimate of the percentage of cases per state that would make it to trial and (4) the estimated total liability percentage, excluding insurance recoveries, per case judgment. Management's estimates are based on the Company's historical experience with asbestos-related claims. The Company's current history of asbestos claims does not provide sufficient and reasonable information to estimate a range of loss for potential future, unasserted asbestos claims because the number and the value of the alleged damages of such claims have not been consistent. As such, the Company does not believe a reasonably possible range can be estimated with respect to asbestos claims that may be filed in the future.

Settlement payments are made, and the asbestos reserve is relieved, when we receive a fully executed settlement release from the plaintiff's counsel. As of December 31, 2014, aggregate settlement costs were $9.5 million. In calendar years 2014, 2013 and 2012, the settlement costs totaled $0.6 million, $0.3 million and $0.6 million, respectively. As of December 31, 2014, aggregate costs of administering and litigating the asbestos claims were $24.7 million. In calendar years 2014, 2013 and 2012, the costs of administering and litigating asbestos claims totaled $1.8 million, $1.7 million and $1.7 million, respectively.

In January 1994, we entered into a settlement agreement with certain principal primary insurers concerning liability for the costs of defense, judgments and settlements, if any, in all of the asbestos litigation described above. Subject to the terms and conditions of the settlement agreement, the insurers were responsible for a substantial portion of the costs and expenses incurred in the defense or resolution of this litigation. However, one of the insurers participating in the settlement that was responsible for a significant portion of the contribution under the settlement agreement entered into insurance liquidation proceedings and another became insolvent. As a result, the contribution of the insurers has been reduced and we have had to bear substantially most of the costs relating to these lawsuits.

European Commission competition matter

As part of the Company’s acquisition of Silec Cable, S.A.S (“Silec”) in December 2005, SAFRAN SA (“SAFRAN”), agreed to indemnify the Company for the full amount of losses arising from, related to or attributable to practices, if any, that are similar to previous practices investigated by the French competition authority for alleged competition law violations related to medium-and high voltage cable markets. The Company has asserted a claim under this indemnity against SAFRAN related to the European Commission’s Statement of Objections, discussed below, to preserve the Company’s rights in case of an adverse European Commission decision.

On July 5, 2011, the European Commission issued a Statement of Objections in relation to its ongoing competition investigation to a number of wire and cable manufacturers in the submarine and underground power cables business, including our Spanish affiliate, Grupo General Cable Sistemas, and its French subsidiary, Silec. The Statement of Objections alleged that the two affiliates engaged in violations of competition law in the underground power cables businesses for limited periods of time. The allegations related to Grupo General Cable Sistemas claimed that it had participated in a cartel from January 2003 to May 2007, while the allegations related to Silec were for the ten month period following its December 22, 2005 acquisition from SAFRAN by Grupo General Cable Sistemas.

Following our formal responses to the Statement of Objections in October 2011 and a hearing in 2012, the European Commission issued a final decision on April 2, 2014. In the decision, the claims of infringement against Grupo General Cable Sistemas were dismissed for lack of evidence of alleged cartel activity. With regard to Silec, the European Commission’s decision imposed a fine of 1.9 million Euros related to the period Silec has been owned by us. This fine was based on participation that allegedly commenced well before Silec was acquired by us. On June 13, 2014, we filed an appeal with the General Court of the European Union challenging the European Commission’s decision as to Silec in Europe based on established precedent. We also continue to pursue our claim for full indemnification for the Silec fine under the terms of the acquisition agreement with SAFRAN executed in 2005.

Transformer damage claims

In March 2012, we received formal notice of a claim for damages arising from a transformer fire that occurred in December 2010 allegedly resulting in loss of equipment and some consequential damages at a metal processing facility in Iceland. We supplied and installed cables and terminations to the transformer, which was manufactured and installed by an independent third party, during 2006 and the first quarter of 2007. Our work was inspected and accepted by the customer in March 2007. In August 2012, the customer initiated arbitration proceedings before the ICC Tribunal with a request to arbitrate in Pennsylvania. In September 2012, we initiated litigation in Pennsylvania state court seeking a declaration that we are not liable for any damages associated with the alleged loss resulting from the transformer fire and seeking to enjoin the ICC arbitration proceedings. The customer then moved the case from state to federal district court in the Western District of Pennsylvania which determined on motion that the ICC Tribunal not the court should decide whether the claims were arbitrable in the first instance. In January 2014, the ICC Tribunal deferred its determination of whether it had jurisdiction to determine arbitrability until an arbitration hearing and an arbitration hearing is scheduled for 2015. We believe we have substantial defenses to potential liability in regard to the transformer fire and claimed loss. At this time, we are unable to predict an estimated range of damages or whether we will have any liability, if any, attributable to the transformer fire.

Brazil Tax Matters

One of our Brazilian subsidiaries is involved in administrative proceedings with State treasury offices regarding whether tax incentives granted to us by one Brazilian state are applicable to goods sold in another Brazilian State. We believe we correctly relied on the tax incentives granted and that we have substantial defenses to their disallowance by the Brazilian State claimant.  The total amount of taxes allegedly due for the infractions including potential interest and penalties is up to $10 million.  In September 2012, an Administrative Court found that we were not liable for any incentive tax payments claimed by the State treasury office, however this determination was overturned on appeal and has since been further appealed.  This appeal remains pending at the Brazilian Courts.  Despite the pending appeal, in October 2014, the State issued a summons to recover the approximately $10 million of contested incentives described above, and we are complying with the terms of the State’s summons while continuing to contest the Court’s ruling.

One of our Brazilian subsidiaries has received formal notices of infractions from the Brazilian state authorities related to alleged failures of tax matters associated with the distribution of goods and services from one state to another and alleged failure to file electronic records with the state authorities in regard to inventories, good receipts, and invoices from acquisitions.  The total amount of taxes allegedly due for the infractions including potential interest and penalties is up to $20 million. 

Our Brazilian subsidiaries have received notifications of various other claims related to disputed tax credits taken on Federal Tax Offset returns, which are in various phases of litigation. The total amount of taxes allegedly due for the disputed credits, including potential interest and penalties is up to $12 million.

At this time, we believe we have defenses to all remaining claims or are unable to predict an estimated range of damages and whether or not a liability will exist for these remaining claims.

Brazil Labor Matter

One of our Brazilian subsidiaries has received infraction notices issued by the Department of Labor. Subsequently, the Brazilian Federal Labor Public Prosecutor filed a related lawsuit claiming collective punitive damages, in the amount of approximately $12 million. At this time, we are unable to predict an estimated range of damages and whether or not a liability will exist for these claims.

Brazil theft claim

As previously reported, on October 29, 2012, the Company announced that it had identified historical accounting errors relating to inventory. We concluded that the Brazil inventory accounting issues were, to a significant extent, attributable to a complex theft scheme affecting work in process and finished goods inventory. On July 11, 2014, we received notice of an insurance settlement and receipt of payment on the above theft in the amount of $5 million. 

Government and internal investigations

We have been reviewing, with the assistance of external counsel, certain commission payments involving sales to customers of our subsidiary in Angola. The review has focused upon payment practices with respect to employees of public utility companies, use of agents in connection with such payment practices, and the manner in which the payments were reflected in our books and records. We have determined at this time that certain employees in our Portugal and Angola subsidiaries directly and indirectly made or directed payments at various times from 2002 through 2013 to officials of Angola government-owned public utilities that raise concerns under the FCPA and possibly under the laws of other jurisdictions. Based on an analysis completed with the assistance of our external counsel and forensic accountants, we have concluded at this time, that we are able to reasonably estimate the profit derived from sales made to the Angolan government-owned public utilities in connection with the payments described above which we believe is likely to ultimately be disgorged. As a result, we have recorded an estimated charge in the amount of $24 million as an accrual as of December 31, 2014. The accrued amount reflects the probable and estimable amount of the Angola-related profits that the Company believes is subject to being disgorged, and does not include any provision for any fines, civil or criminal penalties, or other relief, any or all of which could be substantial. We also have been reviewing, with the assistance of external counsel, our use and payment of agents in connection with our Thailand and India operations, which may have implications under the FCPA. We have voluntarily disclosed these matters to the SEC and the DOJ and have provided them with additional information at their request, including information in response to an SEC subpoena. The SEC and DOJ inquiries into these matters are ongoing. We continue to cooperate with the DOJ and the SEC with respect to these matters. At this time, we are unable to predict the nature of any action that may be taken by the DOJ or SEC or any remedies these agencies may pursue as a result of such actions. We are implementing a screening process relating to sales agents that we use outside of the United States, including, among other things, a review of the agreements under which they were retained and a risk-based assessment of such agents to determine the scope of due diligence measures to be performed by a third-party investigative firm. We also have provided anti-corruption training to our global sales force, and ultimately will provide such training to all salaried employees. In addition, we have hired a Chief Compliance Officer, who is responsible for the day-to-day management of our compliance function. The Chief Compliance Officer reports to our Chief Executive Officer, and also has a reporting relationship with the Audit Committee.

As previously disclosed, we conducted internal investigations, subject to the oversight of the Audit Committee of our Board of Directors and with the assistance of external counsel, principally relating to matters resulting in restatements of a number of our previously issued financial statements. The matters addressed in the investigations included (i) inventory accounting errors addressed in the restatements, including those resulting from inventory theft in Brazil, as well as the timing of internal reporting of the inventory accounting issues to senior corporate management at our headquarters in Highland Heights, Kentucky and (ii) historical revenue recognition accounting practices with regard to “bill and hold” sales in Brazil related to aerial transmission projects, including instances where we have determined that the requirements for revenue recognition under GAAP with respect to the bill and hold sales were not met. (“Bill and hold” sales generally are sales meeting specified criteria under GAAP that enable the seller to recognize revenue at the time title to goods and ownership risk is transferred to the customer, even though the seller does not ship the goods until a later time. In typical sales transactions other than those accounted for as bill and hold, title to goods and ownership risk is transferred to the customer at the time of shipment or delivery.) In connection with these matters, among others, our management identified control deficiencies that constituted material weaknesses in our internal control over financial reporting. These material weaknesses resulted in accounting errors that caused us to issue two sets of restated financial statements. In March 2013, principally to correct the inventory accounting errors, we issued restated consolidated financial statements as of December 31, 2011 and 2010 and for the years ended December 31, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and interim periods ended on March 30, 2012 and June 29, 2012. In January 2014, principally to correct errors relating to revenue recognition with respect to the bill and hold sales, we issued restated consolidated financial statements (which also encompassed matters addressed in the earlier restatement) as of December 31, 2012, 2011 and 2010 and for the years ended December 31, 2012, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and 2012 and the interim period ended on March 29, 2013.

We voluntarily contacted the SEC to advise it of our initial internal investigation, and we have continued to provide information to the SEC on an ongoing basis, including, among other things, information regarding the matters described above and certain earnings management activities by employees prior to the end of 2012. As we previously disclosed, these earnings management activities (none of which identified to date had a material effect on our consolidated financial statements) were designed to delay the reporting of expenses or other charges, including improper capitalization of costs, misuse of accruals and failure to timely report inventory shortfalls identified through physical inventory counts. The SEC has issued a formal order of investigation. Pursuant to the formal order, the SEC issued subpoenas to us seeking relevant documents and to certain of our current and former employees seeking their testimony. The SEC has requested information regarding, among other things, the above-described Angola matter, matters that were subject to our internal investigations and earnings management activities by employees. We continue to cooperate with the SEC in connection with its investigation.

Any determination that our operations or activities are not in compliance with existing laws or regulations could result in the imposition of substantial fines, civil and criminal penalties, and equitable remedies, including disgorgement and injunctive relief. Because the government investigations and our review regarding commission payment practices and our use and payment of agents described above are ongoing, we are unable to predict their duration, scope, results, or consequences. Dispositions of these types of matters can result in modifications to business practices and compliance programs, and in some cases the appointment of a monitor to review future business and practices with the objective of effecting compliance with the FCPA and other applicable laws. At this time, we cannot reasonably estimate the amount or range of additional possible loss that we may incur above the amount accrued to date in connection with the foregoing matters.

Purported class action and derivative litigation

Litigation was initiated against us and certain of our current and former directors, executive officers and employees following the restating of our financial statements principally as a result of the matters described above under “Government and internal investigations” relating to our Brazilian business.

Two civil complaints were filed in the United States District Court for the Southern District of New York on October 21, 2013 and December 4, 2013 by named plaintiffs, on behalf of purported classes of persons who purchased or otherwise acquired our publicly traded securities, against us, Gregory Kenny, our President and Chief Executive Officer, and Brian Robinson, our Executive Vice President and Chief Financial Officer. On our motion, the complaints were transferred to the United States District Court for the Eastern District of Kentucky, the actions were consolidated, and a consolidated complaint was filed in that Court on May 20, 2014 by City of Livonia Employees Retirement System, as lead plaintiff on behalf of a purported class of all persons or entities who purchased our securities between November 3, 2010 and October 14, 2013 (the “City of Livonia Complaint”). The City of Livonia Complaint alleged claims under the antifraud and controlling person liability provisions of the Exchange Act, alleging generally, among other assertions, that we employed inadequate internal financial reporting controls that resulted in, among other things, improper revenue recognition, understated cost of sales, overstated operating income, net income and earnings per share, and the failure to detect inventory lost through theft; that we issued materially false financial results that had to be restated on two occasions; and that statements of Messrs. Kenny and Robinson that they had tested and found effective our internal controls over financial reporting and disclosure were false. The City of Livonia Complaint alleged that as a result of the foregoing, our stock price was artificially inflated and the plaintiffs suffered damages in connection with their purchase of our stock. The City of Livonia Complaint seeked damages in an unspecified amount; reasonable costs and expenses, including counsel and experts fees; and such equitable injunctive or other relief as the Court deems just and proper. On July 18, 2014, defendants filed a motion to dismiss the City of Livonia Complaint based on plaintiff’s failure to state a claim upon which relief could be granted. After oral argument on January 7, 2015, the Court granted the motion to dismiss with prejudice on January 27, 2015. On February 24, 2015, plaintiff filed a motion to alter or amend the January 27, 2015 judgment and for leave to file the proposed amended complaint. Under the Local Rules, defendants’ opposition to the motion is due on March 17, 2015.

In addition, a derivative complaint was filed on January 7, 2014 in the Campbell County, Kentucky Circuit Court against all but one member of our Board of Directors, including Mr. Kenny, two former directors, Mr. Robinson and two former officials, one of whom is our former executive officer. The derivative complaint alleges that the defendants breached their fiduciary duties by knowingly failing to ensure that we implemented and maintained adequate internal controls over our accounting and financial reporting functions and by knowingly disseminating to stockholders materially false and misleading statements concerning our financial results and internal controls. The derivative complaint seeks damages in an unspecified amount, appropriate equitable relief to remedy the alleged breaches of fiduciary duty, attorneys’ fees, experts’ fees and other costs. On March 5, 2014, the derivative case was placed on inactive status until a motion is filed by a party to reinstate the action to the Court’s active docket.

We believe the derivative complaint, insofar as it relates to our current and former directors, including Mr. Kenny, and to Mr. Robinson, and the City of Livonia Complaint are without merit and intend to vigorously contest the actions.

Other

In addition, we are involved in various routine legal proceedings and administrative actions incidental to our business. In the opinion of our management, these routine proceedings and actions should not, individually or in the aggregate, have a material adverse effect on our consolidated results of operations, cash flows or financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of these matters or other similar matters, if unfavorable, may have such adverse effects.

In accordance with GAAP, we record a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. To the extent additional information arises or our strategies change, it is possible that our estimate of our probable liability in these matters may change.

In Europe as it relates to the 2005 purchase of shares of Silec, the Company has pledged to the bank the following: Silec shares, segment assets such as land and buildings and certain General Cable entities in Spain and Portugal, which have been designated as guarantors.

The General Cable Executive Severance Benefit Plan (“Severance Plan”), effective January 1, 2008, applicable to the Company’s executive officers includes a change in control provision such that the executives may receive payments or benefits in accordance with the Severance Plan to the extent that both a change of control and a triggering event, each as defined in the Severance Plan, occur. Unless there are circumstances of ineligibility, as defined, the Company must provide payments and benefits upon both a change in control and a triggering event.

The Company has entered into various operating lease agreements related principally to certain administrative, manufacturing and distribution facilities and transportation equipment. Future minimum rental payments required under non-cancelable lease agreements at December 31, 2014 were as follows: 2015 — $37.3 million, 2016 — $31.7 million, 2017 — $27.0 million, 2018 — $17.9 million, 2019 — $6.8 million and thereafter $9.4 million. Rental expense recorded in income from continuing operations was $45.3 million, $47.0 million and $29.8 million for the years ended December 31, 2014, 2013 and 2012, respectively.

As of December 31, 2014, the Company had $75.1 million in letters of credit, $190.2 million in various performance bonds and $243.1 million in other guarantees. Other guarantees include bank guarantees and advance payment bonds. These letters of credit, performance bonds and guarantees are periodically renewed and are generally related to risk associated with self-insurance claims, defined benefit plan obligations, contract performance, quality and other various bank and financing guarantees. Advance payment bonds are often required by customers when the Company obtains advance payments to secure the production of cable for long term contracts. The advance payment bonds provide the customer protection on their deposit in the event that the Company does not perform under the contract.

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Earnings Per Common Share (Narrative) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Stock options and restricted stock units excluded from the earnings per common share	3,057	288	553
Subordinated Convertible Notes Due 2029 [Member]
Debt Instrument [Line Items]
Weighted average conversion price per share	36.75

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Supplemental Guarantor Condensed Financial Information (Condensed Statements Of Cash Flows) (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	$ 133.2	$ 38.2	$ 272.6
Capital expenditures	(89.6)	(89.1)	(108.6)
Acquisitions, net of cash acquired	0	(6.9)	(286.5)
Return of investment intercompany dividends			0
Proceeds from properties sold	21.4	0.4	4.5
Disposal of a subsidiary, net of cash disposed of	52.4	0	0
Intercompany accounts	0
Other	(0.2)	1.0	0.3
Net cash flows of investing activities	(16.0)	(94.6)	(390.3)
Dividends paid to shareholders	(35.4)	(27.0)	(0.3)
Excess tax benefits (deficiencies) from stock-based compensation	0	0	(0.6)
Intercompany accounts	0	0	0
Proceeds from other debt	2,689.9	1,645.3	1,473.6
Repayments of other debt	(2,740.3)	(1,357.6)	(1,560.8)
Issuance of long term debt	0	0	600.0
Settlement of long term debt including fees and expenses	0	(355.0)	(217.7)
Purchase of noncontrolling interest	(0.7)	(4.0)	0
Dividends paid to noncontrolling interest	(6.2)	(5.3)	(3.5)
Repurchase of common shares	(30.7)	(19.5)	(1.2)
Proceeds from exercise of stock options	0.3	0.7	0.1
Net cash flows of financing activities	(123.1)	(122.4)	289.6
Effect of exchange rate changes on cash and cash equivalents	(205.8)	(24.7)	16.3
Cash held for sale	(1.3)	0	0
Increase (decrease) in cash and cash equivalents	(213.0)	(203.5)	188.2
Cash and cash equivalents — beginning of year	418.8	622.3	434.1
Cash and cash equivalents — end of year	205.8	418.8	622.3
Parent Company [Member]
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	0.6	56.0	55.6
Capital expenditures	0	(0.3)	(0.2)
Acquisitions, net of cash acquired		0	0
Return of investment intercompany dividends			0
Proceeds from properties sold	0	0	0
Disposal of a subsidiary, net of cash disposed of	0
Intercompany accounts	0
Other	0	0	(29.2)
Net cash flows of investing activities	0	(0.3)	(29.4)
Dividends paid to shareholders	(35.4)	(27.0)	(0.3)
Excess tax benefits (deficiencies) from stock-based compensation			(0.6)
Intercompany accounts	65.0	280.0	(342.1)
Proceeds from other debt	0	0	0
Repayments of other debt	0	0	0
Issuance of long term debt			600.0
Settlement of long term debt including fees and expenses		(355.0)	(217.7)
Purchase of noncontrolling interest	0	0
Dividends paid to noncontrolling interest	0	0	0
Repurchase of common shares	(30.7)	(19.5)	(1.2)
Proceeds from exercise of stock options	0.3	0.7	0.1
Net cash flows of financing activities	(0.8)	(120.8)	38.2
Effect of exchange rate changes on cash and cash equivalents	0	0	0.8
Cash held for sale	0
Increase (decrease) in cash and cash equivalents	(0.2)	(65.1)	65.2
Cash and cash equivalents — beginning of year	0.2	65.3	0.1
Cash and cash equivalents — end of year	0	0.2	65.3
Guarantor Subsidiaries [Member]
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	116.9	100.1	58.6
Capital expenditures	(34.3)	(29.1)	(25.1)
Acquisitions, net of cash acquired		(2.3)	(175.3)
Return of investment intercompany dividends			90.8
Proceeds from properties sold	16.6	0.3	0.1
Disposal of a subsidiary, net of cash disposed of	0
Intercompany accounts	(19.8)
Other	(1.6)	(43.7)	(129.0)
Net cash flows of investing activities	(39.1)	(74.8)	(238.5)
Dividends paid to shareholders	0	0	0
Excess tax benefits (deficiencies) from stock-based compensation			0
Intercompany accounts	49.3	(306.0)	243.5
Proceeds from other debt	1,406.6	420.0	692.5
Repayments of other debt	(1,494.9)	(194.9)	(727.3)
Issuance of long term debt			0
Settlement of long term debt including fees and expenses		0	0
Purchase of noncontrolling interest	(1.5)	8.2
Dividends paid to noncontrolling interest	0	0	0
Repurchase of common shares	0	0	0
Proceeds from exercise of stock options	0	0	0
Net cash flows of financing activities	(40.5)	(72.7)	208.7
Effect of exchange rate changes on cash and cash equivalents	(38.3)	5.4	6.9
Cash held for sale	0
Increase (decrease) in cash and cash equivalents	(1.0)	(42.0)	35.7
Cash and cash equivalents — beginning of year	2.2	44.2	8.5
Cash and cash equivalents — end of year	1.2	2.2	44.2
Non-Guarantor Subsidiaries [Member]
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	30.8	(117.9)	158.4
Capital expenditures	(55.3)	(59.7)	(83.3)
Acquisitions, net of cash acquired		(4.6)	(111.2)
Return of investment intercompany dividends			(90.8)
Proceeds from properties sold	4.8	0.1	4.4
Disposal of a subsidiary, net of cash disposed of	52.4
Intercompany accounts	0
Other	1.4	44.7	158.5
Net cash flows of investing activities	3.3	(19.5)	(122.4)
Dividends paid to shareholders	0	0	0
Excess tax benefits (deficiencies) from stock-based compensation			0
Intercompany accounts	(109.6)	26.0	98.6
Proceeds from other debt	1,283.3	1,225.3	781.1
Repayments of other debt	(1,245.4)	(1,162.7)	(833.5)
Issuance of long term debt			0
Settlement of long term debt including fees and expenses		0	0
Purchase of noncontrolling interest	0.8	(12.2)
Dividends paid to noncontrolling interest	(6.2)	(5.3)	(3.5)
Repurchase of common shares	0	0	0
Proceeds from exercise of stock options	0	0	0
Net cash flows of financing activities	(77.1)	71.1	42.7
Effect of exchange rate changes on cash and cash equivalents	(167.5)	(30.1)	8.6
Cash held for sale	(1.3)
Increase (decrease) in cash and cash equivalents	(211.8)	(96.4)	87.3
Cash and cash equivalents — beginning of year	416.4	512.8	425.5
Cash and cash equivalents — end of year	204.6	416.4	512.8
Eliminations [Member]
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	(15.1)	0	0
Capital expenditures	0	0	0
Acquisitions, net of cash acquired		0	0
Return of investment intercompany dividends			0
Proceeds from properties sold	0	0	0
Disposal of a subsidiary, net of cash disposed of	0
Intercompany accounts	19.8
Other	0	0	0
Net cash flows of investing activities	19.8	0	0
Dividends paid to shareholders	0	0	0
Excess tax benefits (deficiencies) from stock-based compensation			0
Intercompany accounts	(4.7)	0	0
Proceeds from other debt	0	0	0
Repayments of other debt	0	0	0
Issuance of long term debt			0
Settlement of long term debt including fees and expenses		0	0
Purchase of noncontrolling interest	0	0
Dividends paid to noncontrolling interest	0	0	0
Repurchase of common shares	0	0	0
Proceeds from exercise of stock options	0	0	0
Net cash flows of financing activities	(4.7)	0	0
Effect of exchange rate changes on cash and cash equivalents	0	0	0
Cash held for sale	0
Increase (decrease) in cash and cash equivalents	0	0	0
Cash and cash equivalents — beginning of year	0	0	0
Cash and cash equivalents — end of year	$ 0	$ 0	$ 0

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Quarterly Operating Results (Unaudited) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2014	Sep. 26, 2014	Jun. 27, 2014	Mar. 28, 2014	Dec. 31, 2013	Sep. 27, 2013	Jun. 28, 2013	Mar. 29, 2013	Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 1,546.7	$ 1,471.7	$ 1,531.3	$ 1,430.1	$ 1,661.3	$ 1,557.1	$ 1,659.1	$ 1,543.7	$ 5,979.8		$ 6,421.2		$ 6,059.5
Gross profit	102.7	26.6	131.8	132.1	193.8	160.2	192.8	156.9	393.2		703.7		624.9
Net income (loss) attributable to Company common shareholders	(163.2)	(124.2)	(24.8)	(315.4)	13.8	5.7	8.2	(45.8)	(627.6)		(18.1)		4.0
Net income (loss) attributable to Company common shareholders — for diluted EPS computation	$ (163.2)	$ (124.2)	$ (24.8)	$ (315.4)	$ 13.9	$ 5.8	$ 8.3	$ (45.8)	$ (627.6)	[1]	$ (18.1)	[1]	$ 4.3	[1]
Earnings (loss) per common share - basic (usd per share)	$ (3.35)	$ (2.55)	$ (0.51)	$ (6.42)	$ 0.28	$ 0.11	$ 0.17	$ (0.92)	$ (12.86)	[2]	$ (0.37)	[2]	$ 0.08	[2]
Earnings (loss) per common share - assuming dilution (usd per share)	$ (3.35)	$ (2.55)	$ (0.51)	$ (6.42)	$ 0.27	$ 0.11	$ 0.16	$ (0.92)	$ (12.86)		$ (0.37)		$ 0.08

[1] Numerator

[2] Under the two class method, Earnings per share — basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

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Accrued Liabilities (Accrued Liabilities and Restructuring Accrual) (Details) (USD $) In Millions, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]
Payroll related accruals	$ 75.0	$ 83.8
Customers deposits and prepayments	64.2	93.2
Taxes other than income	30.4	36.5
Customer rebates	42.6	50.6
Insurance claims and related expenses	21.5	21.1
Current and deferred income tax liabilities	23.0	21.9
Derivative liability	7.1	7.0
Restructuring reserve	33.4	0
FCPA accrual	24.0	0
Other accrued liabilities	86.0	120.8
Total	$ 407.2	$ 434.9

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Inventories (Tables)

12 Months Ended

Dec. 31, 2014

Inventory Disclosure [Abstract]

Schedule Of Inventories Stated At The Lower Of Cost Or Market Value

As of December 31, 2014, all inventories are stated at the lower of cost or market value.

(in millions)	Dec 31, 2014		Dec 31, 2013
Raw materials	$	237.1	$	319.1
Work in process	166.5		190.1
Finished goods	615.2		730.4
Total	$	1,018.8	$	1,239.6

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Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For financial reporting purposes, income before income taxes includes the following components (in millions):

	Year Ended
	Dec 31, 2014			Dec 31, 2013		Dec 31, 2012
United States	$	(5.1	)	$	2.0	$	38.4
Foreign	(631.0		)	25.0		48.5
Total	$	(636.1	)	$	27.0	$	86.9

The provision (benefit) for income taxes consisted of the following (in millions):

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Current tax expense (benefit):
Federal	$	(7.4	)	$	(11.5	)	$	12.0
State	0.5			(0.2		)	3.4
Foreign	29.6			51.9			52.6
Deferred tax expense (benefit):
Federal	15.1			9.0			5.7
State	0.7			(0.6		)	(0.6		)
Foreign	(30.2		)	(9.8		)	5.5
Total	$	8.3		$	38.8		$	78.6

The reconciliation of reported income tax expense (benefit) to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income is as follows (in millions):

	Year Ended
	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Income tax expense (benefit) at Federal statutory tax rate	$	(222.6	)	$	9.4		$	30.4
Foreign tax rate differential	29.0			(5.1		)	(0.2		)
Foreign withholding tax and surcharges	5.8			7.3			4.7
Change in valuation allowance	98.1			24.8			31.2
Change in uncertain tax positions	(10.0		)	9.2			11.7
Nondeductible / nontaxable items(1)	100.3			(6.8		)	(0.3		)
Other (net)	7.7			—			1.1
Total	$	8.3		$	38.8		$	78.6

^{(1) For the year ended December 31, 2014, the major components consist of $40.5 million for goodwill impairments, $8.4 million for the FCPA accrual and $78.1 million for Venezuela devaluation and functional currency adjustments, partially offset by $32.9 million for Venezuela inflation adjustments.} 

The components of deferred tax assets and liabilities were as follows (in millions):

	Dec 31, 2014			Dec 31, 2013
Deferred tax assets:
Net operating loss carryforwards	$	117.9		$	98.3
Pension and retiree benefits accruals	44.7			33.0
Inventory	9.3			12.8
Depreciation and fixed assets	13.6			12.0
Tax credit carryforwards	9.8			9.3
Other liabilities	72.3			67.7
Valuation allowance	(145.4		)	(93.8		)
Total deferred tax assets	122.2			139.3
Deferred tax liabilities:
Convertible debt discount	186.2			165.7
Inventory	1.8			1.2
Depreciation and fixed assets	43.2			87.4
Intangibles	13.5			42.8
Other	12.2			11.0
Total deferred tax liabilities	256.9			308.1
Net deferred tax assets (liabilities)	$	(134.7	)	$	(168.8	)

The valuation of deferred tax assets is dependent on, among other things, the ability of the Company to generate a sufficient level of future taxable income in relevant taxing jurisdictions. In estimating future taxable income, the Company has considered both positive and negative evidence and has considered the implementation of prudent and feasible tax planning strategies. The Company has and will continue to review on a quarterly basis its assumptions and tax planning strategies and, if the amount of the estimated realizable net deferred tax asset is less than the amount currently on the balance sheet, the Company will reduce its deferred tax asset, recognizing a non-cash charge against reported earnings.

As of December 31, 2014, the Company has recorded approximately $145.4 million of valuation allowance to adjust deferred tax assets to the amount judged more likely than not to be realized. The valuation allowance is primarily attributable to certain foreign temporary differences and tax loss and tax credit carryforwards due to uncertainties regarding the ability to obtain future tax benefits for these tax attributes.

The Company has recognized deferred tax assets of approximately $15 million for tax loss carryforwards in various taxing jurisdictions as follows (in millions):

	Tax Loss
Jurisdiction	Carryforward		Expiration
United States	$	20.1	2033-2034
New Zealand	8.1		Indefinite
France	13.0		Indefinite
Others	5.5		Various
Total	$	46.7

The Company also has various foreign subsidiaries with approximately $367 million of tax loss carryforwards in various jurisdictions that are subject to a valuation allowance due to statutory limitations on utilization, uncertainty of future profitability, and other relevant factors.

During 2014, after weighing all positive and negative evidence, including three year cumulative loss positions, forecasted future profitability, impairments and restructuring charges, difficult market and industry conditions, and factoring in prudent and feasible tax planning strategies, valuation allowances were recorded against deferred tax assets of certain business units that did not have deferred tax valuation allowances prior to 2014. Specifically, valuation allowances have been recorded against the December 31, 2014 deferred tax assets of the following business units: Venezuela ($10.7 million), Brazil ($8.4 million), Spain ($10.9 million) and Colombia ($2.3 million). In addition, several other business units maintained full deferred tax asset valuation allowances that had been established in prior years, some for which the valuation allowance amounts increased significantly due to impairments, restructuring charges and operating losses.

In general, it is the practice and intention of the Company to permanently reinvest the earnings of its non-U.S. subsidiaries in those operations. As such, historically, the Company has not provided for deferred income taxes on the excess of financial reporting over tax basis in investments in foreign subsidiaries. These basis differences would become taxable upon the repatriation of assets from the foreign subsidiaries or upon a sale or liquidation of the foreign subsidiaries.

On October 23, 2014, the Company’s Board of Directors authorized a plan to exit all of the Company’s Asia Pacific and African operations. As a result of this plan, the Company can no longer assert that the financial reporting over tax basis in investments in these foreign subsidiaries will never reverse. As such, during 2014, the Company recorded $10.1 million of income tax expense associated with changes in the intent to permanently reinvest earnings. The $10.1 million income tax expense includes $8.0 million of tax expense related to the December 22, 2014 sale of PDP and PDEP.

As of December 31, 2014, $2.8 million of deferred income tax liabilities were recorded for the excess of financial reporting over tax basis in investments in foreign subsidiaries and equity investees in Asia Pacific and Africa. With respect to certain Asia Pacific and Africa subsidiaries and equity investees with an excess of tax over financial reporting basis, the Company has not recorded deferred tax assets since it is not apparent that these basis differences will reverse in the foreseeable future or yield a future tax benefit. The $2.8 million of deferred income tax liabilities recorded as of December 31, 2014 relate solely to U.S. and foreign income taxes and foreign withholding taxes that would result from the future sales transactions. Deferred tax liabilities have not been recorded for the tax implications of repatriating cash to the U.S. from the sales proceeds of lower tier Asia Pacific and African subsidiaries that are landed offshore, as it is the Company’s intention to redeploy these cash proceeds in its non-U.S. operations indefinitely rather than repatriating the cash proceeds to the U.S. Assuming sales proceeds equal to net book value, the additional U.S. income tax and foreign withholding tax that would be incurred upon cash repatriation of the sales proceeds from the divestiture of the Asia Pacific and African entities that are not owned directly by the U.S. is estimated at $75 million.

The temporary difference associated with the excess of financial reporting over tax basis in investments in all foreign subsidiaries outside of the Asia Pacific and African regions is approximately $370 million as of December 31, 2014. This amount was estimated based on book retained earnings as reduced for retained earnings amounts that have been previously taxed in the U.S. The Company remains committed to permanently reinvesting these earnings and does not see a need in the foreseeable future to repatriate cash to fund operations, including investing and financing activities. Accordingly, no deferred income taxes have been recorded on the outside basis difference of foreign subsidiaries outside of the Asia Pacific and Africa regions. The determination of the additional income taxes that would be incurred upon repatriation of assets or disposition of such foreign subsidiaries is not practical due to the complexities, variables, and assumptions inherent in the hypothetical calculation.

The Company applies ASC 740 - Income Taxes in determining unrecognized tax benefits. ASC 740 - Income Taxes prescribes a recognition threshold that a tax position is required to meet before being recognized in the financial statements and provides guidance on derecognition, measurement, classification, interest and penalties, accounting in interim periods, disclosure and transition issues.

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for the year:

(in millions)	Dec 31, 2014			Dec 31, 2013			Dec 31, 2012
Unrecognized Tax Benefit — Beginning balance	$	57.7		$	64.2		$	58.8
Gross Increases — Tax Positions in Prior Period	1.6			0.8			3.4
Gross Decreases — Tax Positions in Prior Period	(0.7		)	(0.9		)	(4.2		)
Gross Increases — Tax Positions in Current Period	7.3			8.9			15.1
Dispositions	(0.9		)	—			—
Settlements	(0.4		)	(4.5		)	—
Lapse of Statute of Limitations	(12.9		)	(3.6		)	(9.6		)
Foreign Currency Translation	(19.8		)	(7.2		)	0.7
Unrecognized Tax Benefit — Ending Balance	$	31.9		$	57.7		$	64.2

Included in the balance of unrecognized tax benefits at December 31, 2014, 2013 and 2012 are $30.0 million, $55.4 million and $61.7 million, respectively, of tax benefits that, if recognized, would affect the effective tax rate. Also included in the balance of unrecognized tax benefits at December 31, 2014, 2013 and 2012 are $1.9 million, $2.3 million and $2.5 million of tax benefits that, if recognized, would result in adjustments to deferred taxes.

The Company recognizes interest and penalties related to unrecognized tax benefits as income tax expense. Related to the unrecognized tax benefits noted above, the Company accrued penalties of $(1.1) million and interest of $(0.2) million during 2014 and in total, as of December 31, 2014, has recognized a liability for penalties of $3.5 million and interest of $7.3 million. During 2013 and 2012, the Company accrued penalties of $0.7 million and $1.2 million, respectively, and interest of $3.8 million and $2.4 million, respectively, and in total, as of December 31, 2013 and 2012, had recognized liabilities for penalties of $7.6 million and $7.8 million, respectively and interest of $15.4 million and $13.8 million, respectively.

The Company files income tax returns in numerous tax jurisdictions around the world. Due to uncertainties regarding the timing and outcome of various tax audits, appeals and settlements, it is difficult to reliably estimate the amount of unrecognized tax benefits that could change within the next twelve months. The Company believes it is reasonably possible that approximately $6 million of unrecognized tax benefits could change within the next twelve months due to the resolution of tax audits and statute of limitations expirations.

The Company files income tax returns in the United States and numerous foreign, state, and local tax jurisdictions. Tax years that are open for examination and assessment by the Internal Revenue Service ("IRS") are 2011 — 2014. The IRS currently is in the process of examining the Company's 2012 consolidated tax return. The IRS completed its examination of the Company's 2007 - 2010 consolidated income tax returns in the second quarter of 2013 with insignificant tax adjustments. With limited exceptions, tax years prior to 2010 are no longer open in major foreign, state, or local tax jurisdictions.

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Employee Benefit Plans (Weighted Average Assumptions Used to Determine Net Pension Expense) (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.85%	4.12%	4.70%
Expected rate of increase in future compensation levels	2.50%	2.00%	2.00%
Long-term expected rate of return on plan assets	7.50%	7.50%	7.50%
Non-U.S. Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.27%	4.26%	5.10%
Expected rate of increase in future compensation levels	3.91%	3.94%	6.10%
Long-term expected rate of return on plan assets	6.47%	6.09%	4.50%