Condensed Consolidating Financial Data (Tables)

9 Months Ended

Sep. 30, 2011

Condensed Consolidating Financial Data

Condensed Consolidating Results Of Operations

	Three months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,022.5		$	799.0	$	(36.8	)	$	1,784.7
Costs and expenses		12.1			918.5			706.1		(36.8	)		1,599.9
Operating (loss) earnings		(12.1	)		104.0			92.9		—			184.8
Other expense, net		76.2			8.6			9.3		—			94.1
Equity in the income of subsidiaries		179.0			79.5			—		(258.5	)		—
Net income (loss)	$	90.7		$	174.9		$	83.6	$	(258.5	)	$	90.7
	Three months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	927.7		$	702.6	$	(28.4	)	$	1,601.9
Costs and expenses		24.1			794.1			636.0		(28.4	)		1,425.8
Operating (loss) earnings		(24.1	)		133.6			66.6		—			176.1
Other expense, net		68.2			5.6			21.7		—			95.5
Equity in the income of subsidiaries		172.9			42.0			—		(214.9	)		—
Net income (loss)	$	80.6		$	170.0		$	44.9	$	(214.9	)	$	80.6
	Nine months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,872.9		$	2,186.5	$	(117.5	)	$	4,941.9
Costs and expenses		93.1			2,540.4			1,987.5		(117.5	)		4,503.5
Operating (loss) earnings		(93.1	)		332.5			199.0		—			438.4
Other expense, net		196.8			24.8			33.2		—			254.8
Equity in the income of subsidiaries		473.5			158.6			—		(632.1	)		—
Net income (loss)	$	183.6		$	466.3		$	165.8	$	(632.1	)	$	183.6
	Nine months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,710.5		$	1,723.8	$	(95.8	)	$	4,338.5
Costs and expenses		106.6			2,393.5			1,667.4		(95.8	)		4,071.7
Operating (loss) earnings		(106.6	)		317.0			56.4		—			266.8
Other expense, net		148.2			9.5			49.1		—			206.8
Equity in the income of subsidiaries		314.8			(3.3	)		—		(311.5	)		—
Net income (loss)	$	60.0		$	304.2		$	7.3	$	(311.5	)	$	60.0

Condensed Consolidating Balance Sheets

 

	As of September 30, 2011
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	122.5	$	1,141.1	$	2,262.9	$	(10.1	)	$	3,516.4
Investment in subsidiaries		5,768.4		1,772.8		—		(7,541.2	)		—
Non-current assets		148.7		3,929.9		930.8		(1,336.7	)		3,672.7
Total assets	$	6,039.6	$	6,843.8	$	3,193.7	$	(8,888.0	)	$	7,189.1
Liabilities and stockholders' equity
Current liabilities	$	246.0	$	642.4	$	591.8		(6.2	)	$	1,474.0
Non-current liabilities		3,882.1		472.9		789.2		(1,340.6	)		3,803.6
Stockholders' equity		1,911.5		5,728.5		1,812.7		(7,541.2	)		1,911.5
Total liabilities and stockholders' equity	$	6,039.6	$	6,843.8	$	3,193.7	$	(8,888.0	)	$	7,189.1

	As of December 31, 2010
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	314.6	$	998.6	$	2,067.6	$	(10.0	)	$	3,370.8
Investment in subsidiaries		5,340.3		1,739.8		93.4		(7,173.5	)		—
Non-current assets		153.7		3,768.8		1,015.1		(1,215.4	)		3,722.2
Total assets	$	5,808.6	$	6,507.2	$	3,176.1	$	(8,398.9	)	$	7,093.0
Liabilities and stockholders' equity
Current liabilities	$	217.4	$	588.5	$	878.0		(6.7	)	$	1,677.2
Non-current liabilities		3,770.7		504.3		539.0		(1,218.7	)		3,595.3
Stockholders' equity		1,820.5		5,414.4		1,759.1		(7,173.5	)		1,820.5
Total liabilities and stockholders' equity	$	5,808.6	$	6,507.2	$	3,176.1	$	(8,398.9	)	$	7,093.0

Condensed Consolidating Statements Of Cash Flows

	Nine months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(335.9	)	$	363.4		$	(3.0	)	$	24.5
Financing activities:
Net change in short-term debt		—			—			2.7			2.7
Proceeds (payments) from (to) intercompany transactions		338.4			(286.5	)		(51.9	)		—
Proceeds from issuance of long-term debt		1,025.0			—			—			1,025.0
Payments on long-term debt		(1,102.8	)		—			—			(1,102.8	)
Issuance (repurchase) of common stock, net		(84.1	)		—			—			(84.1	)
Dividends paid		(22.6	)		—			—			(22.6	)
Other		(5.2	)		—			—			(5.2	)
Net cash provided by (used in) financing activities		148.7			(286.5	)		(49.2	)		(187.0	)
Investing Activities:
Additions to property, plant and equipment		(1.5	)		(67.1	)		(10.8	)		(79.4	)
Acquisition of business and earnout payments, net of cash acquired		(0.9	)		(12.5	)		—			(13.4	)
Other		—			—			4.8			4.8
Net cash used in investing activities		(2.4	)		(79.6	)		(6.0	)		(88.0	)
Effect of exchange rate changes on cash		—			—			1.4			1.4
Net decrease in cash and cash equivalents		(189.6	)		(2.7	)		(56.8	)		(249.1	)
Cash and cash equivalents at beginning of period		287.1			15.5			392.8			695.4
Cash and cash equivalents at end of period	$	97.5		$	12.8		$	336.0		$	446.3
	Nine months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(319.9	)	$	339.4		$	(5.3	)	$	14.2
Financing activities:
Net change in short-term debt		—			50.0			9.1			59.1
Proceeds (payments) from (to) intercompany transactions		312.8			(324.7	)		11.9			—
Proceeds from issuance of long-term debt		486.1			—			—			486.1
Payments on long-term debt		(258.2	)		—			—			(258.2	)
Issuance (repurchase) of common stock, net		(33.2	)		—			—			(33.2	)
Dividends paid		(21.4	)		—			—			(21.4	)
Other		(22.7	)		—			—			(22.7	)
Net cash provided by (used in) financing activities		463.4			(274.7	)		21.0			209.7
Investing Activities:
Additions to property, plant and equipment		(26.8	)		(55.5	)		(13.3	)		(95.6	)
Acquisition of business and earnout payments, net of cash acquired		(484.2	)		(4.5	)		(0.8	)		(489.5	)
Other		(9.3	)		—			19.1			9.8
Net cash provided by (used in) investing activities		(520.3	)		(60.0	)		5.0			(575.3	)
Effect of exchange rate changes on cash		—			—			(19.9	)		(19.9	)
Net increase (decrease) in cash and cash equivalents		(376.8	)		4.7			0.8			(371.3	)
Cash and cash equivalents at beginning of period		537.9			13.8			275.7			827.4
Cash and cash equivalents at end of period	$	161.1		$	18.5		$	276.5		$	456.1