Condensed Consolidating Financial Data (Tables)

9 Months Ended

Sep. 30, 2012

Condensed Consolidating Results of Operations

Condensed Consolidating Results of Operations

	Three months ended September 30, 2012
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,089.7		$	819.3	$	(203.1	)	$	1,705.9
Costs and expenses		42.6			973.1			724.5		(203.1	)		1,537.1
Operating (loss) earnings		(42.6	)		116.6			94.8		—			168.8
Other expense, net		82.2			(10.9	)		20.6		—			91.9
Equity in the income of subsidiaries		201.7			65.9			—		(267.6	)		—
Net income (loss)	$	76.9		$	193.4		$	74.2	$	(267.6	)	$	76.9
Comprehensive income (loss)	$	98.9		$	220.8		$	103.7	$	(324.5	)	$	98.9
	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
Comprehensive income (loss)	$	32.0		$	103.2		$	15.8	$	(119.0	)	$	32.0
	Nine months ended September 30, 2012
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	3,158.2		$	2,259.1	$	(540.4	)	$	4,876.9
Costs and expenses		108.1			2,833.7			2,028.8		(540.4	)		4,430.2
Operating (loss) earnings		(108.1	)		324.5			230.3		—			446.7
Other expense, net		209.7			5.9			35.9		—			251.5
Equity in the income of subsidiaries		513.0			175.6			—		(688.6	)		—
Net income (loss)	$	195.2		$	494.2		$	194.4	$	(688.6	)	$	195.2
Comprehensive income (loss)	$	201.0		$	508.9		$	200.6	$	(709.5	)	$	201.0

	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
Comprehensive income (loss)	$	174.8		$	456.7	$	157.8	$	(614.5	)	$	174.8

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets
	As of September 30, 2012
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	508.9	$	1,047.5	$	2,415.7	$	—		$	3,972.1
Investment in subsidiaries		6,020.7		1,832.5		—		(7,853.2	)		—
Non-current assets		2,074.4		5,622.6		3,647.7		(7,582.4	)		3,762.3
Total assets	$	8,604.0	$	8,502.6	$	6,063.4	$	(15,435.6	)	$	7,734.4
Liabilities and stockholders’ equity
Current liabilities	$	267.8	$	576.3	$	962.7	$	—		$	1,806.8
Non-current liabilities		6,639.5		2,199.3		2,974.5		(7,582.4	)		4,230.9
Stockholders’ equity		1,696.7		5,727.0		2,126.2		(7,853.2	)		1,696.7
Total liabilities and stockholders’ equity	$	8,604.0	$	8,502.6	$	6,063.4	$	(15,435.6	)	$	7,734.4
	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

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

	Nine months ended September 30, 2012
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(225.8	)	$	272.6		$	34.6		$	81.4
Financing activities:
Net change in short-term debt		—			—			83.6			83.6
Proceeds (payments) from (to) intercompany transactions		245.8			(252.6	)		6.8			—
Proceeds from issuance of long-term debt		800.0			0.5			0.1			800.6
Payments on long-term debt		(147.4	)		(0.3	)		(5.5	)		(153.2	)
Issuance (repurchase) of common stock, net		(536.6	)		—			—			(536.6	)
Dividends paid		(7.5	)		—			—			(7.5	)
Excess tax benefits from stock-based compensation		42.7			—			—			42.7
Other		(16.9	)		—			(0.5	)		(17.4	)
Net cash provided by (used in) financing activities		380.1			(252.4	)		84.5			212.2
Investing activities:
Additions to property, plant and equipment		(4.2	)		(40.3	)		(32.4	)		(76.9	)
Acquisition of businesses, net of cash acquired and earnout payments		(0.9	)		(5.4	)		(148.9	)		(155.2	)
Other		2.3			4.0			3.5			9.8
Net cash used in investing activities		(2.8	)		(41.7	)		(177.8	)		(222.3	)
Effect of exchange rate changes on cash		—			—			7.1			7.1
Net increase (decrease) in cash and cash equivalents		151.5			(21.5	)		(51.6	)		78.4
Cash and cash equivalents at beginning of period		335.4			23.8			449.1			808.3
Cash and cash equivalents at end of period	$	486.9		$	2.3		$	397.5		$	886.7
	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 businesses, net of cash acquired and earnout payments		(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

Effect of Revision on Previously Reported Comprehensive Income

The effect of the revision on the previously reported amounts of comprehensive income are as follows:

(in millions)	Three months ended March 31, 2012			Three months ended June 30, 2012			Six months ended June 30, 2012			Three months ended March 31, 2011			Three months ended June 30, 2011			Six months ended June 30, 2011
	Increase/(Decrease)
Comprehensive Income:
Parent	$	—		$	—		$	—		$	—		$	—		$	—
Guarantor		1.1			0.7			1.8			8.3			2.4			10.7
Non-Guarantor		27.4			(50.0	)		(22.6	)		39.9			21.2			61.1
Elimination		(28.5	)		49.3			20.8			(48.2	)		(23.6	)		(71.8	)
Consolidated	$	—		$	—		$	—		$	—		$	—		$	—