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	$	—	$	—	$	—	$	—