19. Condensed Consolidating Financial Data

The Company's Senior Notes and Senior Subordinated Notes (see Note 9) are fully guaranteed, jointly and severally, by certain of the Company's domestic subsidiaries ("Guarantor Subsidiaries"). The guarantees of the Guarantor Subsidiaries are subject to release only in certain limited circumstances. The Company's non-United States subsidiaries and those domestic subsidiaries who are not guarantors ("Non-Guarantor Subsidiaries") are not guaranteeing these notes. Presented below is the condensed consolidating financial data of the Company ("Parent"), the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a consolidated basis as of and for the years ended December 31, 2011, 2010 and 2009.

Condensed Consolidating Results of Operations


	Year Ended December 31, 2011
(in millions)	Parent				Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations				Consolidated
Net sales		$	—			$	3,906.0		$	2,917.2		$	(143.3	)		$	6,679.9
Costs and expenses			95.6				3,507.9			2,696.8			(143.3	)			6,157.0

Operating (loss) earnings			(95.6	)			398.1			220.4			—				522.9
Other expense, net			61.4				224.8			32.0			—				318.2
Equity in the income of subsidiaries			361.7				182.8			—			(544.5	)			—

Net income (loss)		$	204.7			$	356.1		$	188.4		$	(544.5	)		$	204.7


	Year Ended December 31, 2010
(in millions)	Parent				Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations				Consolidated
Net sales		$	—			$	3,689.1		$	2,452.5		$	(118.9	)		$	6,022.7
Costs and expenses			126.3				3,273.3			2,334.7			(118.9	)			5,615.4

Operating (loss) earnings			(126.3	)			415.8			117.8			—				407.3
Other expense, net			57.0				169.2			74.4			—				300.6
Equity in the income of subsidiaries			290.0				37.8			—			(327.8	)			—

Net income (loss)		$	106.7			$	284.4		$	43.4		$	(327.8	)		$	106.7

	Year Ended December 31, 2009
(in millions)	Parent				Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations				Consolidated
Net sales		$	—			$	3,395.0		$	1,890.7		$	(133.1	)		$	5,152.6
Costs and expenses			114.3				3,057.0			1,727.5			(133.1	)			4,765.7

Operating (loss) earnings			(114.3	)			338.0			163.2			—				386.9
Other expense, net			13.7				186.8			57.7			—				258.2
Equity in the income of subsidiaries			256.7				102.6			—			(359.3	)			—

Net income (loss)		$	128.7			$	253.8		$	105.5		$	(359.3	)		$	128.7

Condensed Consolidating Balance Sheets


	As of December 31, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations				Consolidated
Assets
Current assets		$	359.0		$	995.9		$	2,140.0		$	(1.4	)		$	3,493.5
Investment in subsidiaries			5,688.8			1,748.1			—			(7,436.9	)			—
Non-current assets			114.5			4,003.9			914.0			(1,409.2	)			3,623.2

Total assets		$	6,162.3		$	6,747.9		$	3,054.0		$	(8,847.5	)		$	7,116.7

Liabilities and stockholders' equity
Current liabilities		$	260.8		$	589.0		$	614.1			(0.2	)		$	1,463.7
Non-current liabilities			3,989.5			507.0			654.9			(1,410.4	)			3,741.0
Stockholders' equity			1,912.0			5,651.9			1,785.0			(7,436.9	)			1,912.0

Total liabilities and stockholders' equity		$	6,162.3		$	6,747.9		$	3,054.0		$	(8,847.5	)		$	7,116.7


	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


	Year Ended December 31, 2011
(in millions)	Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Consolidated
Net cash provided by (used in) operating activities, net		$	(128.8	)		$	407.4			$	148.5			$	427.1
Financing activities:
Net change in short-term debt			—				—				1.0				1.0
(Payments on) proceeds from intercompany transactions			377.8				(302.3	)			(75.5	)			—
Proceeds from issuance of long-term debt			1,025.0				—				—				1,025.0
Payments on long-term debt			(1,110.6	)			—				—				(1,110.6	)
Issuance (repurchase) of common stock, net			(80.8	)			—				—				(80.8	)
Other			(31.3	)			—				—				(31.3	)

Net cash provided by (used in) financing activities			180.1				(302.3	)			(74.5	)			(196.7	)

Investing activities:
Additions to property, plant and equipment			(2.1	)			(108.5	)			(16.3	)			(126.9	)
Acquisition of business, net of cash acquired and earnout payments			(0.9	)			(12.5	)			(1.0	)			(14.4	)
Other			—				24.2				4.0				28.2

Net cash used in investing activities			(3.0	)			(96.8	)			(13.3	)			(113.1	)

Effect of exchange rate changes on cash			—				—				(4.4	)			(4.4	)

Net increase in cash and cash equivalents			48.3				8.3				56.3				112.9
Cash and cash equivalents at beginning of year			287.1				15.5				392.8				695.4

Cash and cash equivalents at end of year		$	335.4			$	23.8			$	449.1			$	808.3


	Year Ended December 31, 2010
(in millions)	Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Consolidated
Net cash provided by (used in) operating activities, net		$	(196.8	)		$	414.8			$	71.0			$	289.0
Financing activities:
Net change in short-term debt			—				50.0				6.2				56.2
(Payments on) proceeds from intercompany transactions			239.2				(297.4	)			58.2				—
Proceeds from issuance of long-term debt			786.1				—				—				786.1
Payments on long-term debt			(260.9	)			—				—				(260.9	)
Issuance (repurchase) of common stock, net			(42.8	)			—				—				(42.8	)
Other			(58.4	)			—				—				(58.4	)

Net cash provided by (used in) financing activities			663.2				(247.4	)			64.4				480.2

Investing activities:
Additions to property, plant and equipment			(27.0	)			(91.9	)			(18.6	)			(137.5	)
Acquisition of business, net of cash acquired and earnout payments			(680.9	)			(73.8	)			(0.8	)			(755.5	)
Other			(9.3	)			—				19.2				9.9

Net cash used in investing activities			(717.2	)			(165.7	)			(0.2	)			(883.1	)

Effect of exchange rate changes on cash			—				—				(18.1	)			(18.1	)

Net increase (decrease) in cash and cash equivalents			(250.8	)			1.7				117.1				(132.0	)
Cash and cash equivalents at beginning of year			537.9				13.8				275.7				827.4

Cash and cash equivalents at end of year		$	287.1			$	15.5			$	392.8			$	695.4


	Year Ended December 31, 2009
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities, net	$	(62.4	)	$	503.5		$	200.0		$	641.1
Financing activities:
Net change in short-term debt		(132.0	)		—			(21.6	)		(153.6	)
(Payments on) proceeds from intercompany transactions		401.6			(392.9	)		(8.7	)		—
Proceeds from issuance of long-term debt		292.2			—			—			292.2
Payments on long-term debt		(351.2	)		—			—			(351.2	)
Issuance (repurchase) of common stock, net		199.0			—			—			199.0
Other		(18.9	)		—			—			(18.9	)

Net cash provided by (used in) financing activities		390.7			(392.9	)		(30.3	)		(32.5	)

Investing activities:
Additions to property, plant and equipment		(0.2	)		(89.4	)		(17.8	)		(107.4	)
Acquisition of business, net of cash acquired and earnout payments		(2.0	)		(10.4	)		(1.3	)		(13.7	)
Other		—			(4.9	)		(4.6	)		(9.5	)

Net cash used in investing activities		(2.2	)		(104.7	)		(23.7	)		(130.6	)

Effect of exchange rate changes on cash		—			—			(43.4	)		(43.4	)

Net increase in cash and cash equivalents		326.1			5.9			102.6			434.6
Cash and cash equivalents at beginning of year		211.8			7.9			173.1			392.8

Cash and cash equivalents at end of year	$	537.9		$	13.8		$	275.7		$	827.4

The amounts reflected as proceeds (payments) from (to) intercompany transactions represent cash flows originating from transactions conducted between guarantor subsidiaries, non-guarantor subsidiaries and parent in the normal course of business operations.