Condensed Consolidating Statement of Operations and Comprehensive Income |
Stanley Black & Decker, Inc. Condensed Consolidating Statements of Operations and Comprehensive Income (Unaudited, Millions of Dollars) Three Months Ended September 29, 2012 | | | | | | | | | | | | | | | | | | | | | | Parent Stanley Black & Decker, Inc. | | The Black & Decker Corporation | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | NET SALES | $ | 357.3 |
| | $ | — |
| | $ | 2,518.6 |
| | $ | (89.2 | ) | | $ | 2,786.7 |
| COSTS AND EXPENSES | | | | | | | | | | Cost of sales | 271.7 |
| | — |
| | 1,576.8 |
| | (71.3 | ) | | 1,777.2 |
| Selling, general and administrative | 187.4 |
| | 6.6 |
| | 479.6 |
| | (17.9 | ) | | 655.7 |
| Other - net | (8.0 | ) | | (39.0 | ) | | 124.0 |
| | — |
| | 77.0 |
| Restructuring charges and asset impairments | 2.4 |
| | — |
| | 51.0 |
| | — |
| | 53.4 |
| Loss on debt extinguishment | 9.2 |
| | 36.3 |
| | — |
| | — |
| | 45.5 |
| Interest expense, net | 24.8 |
| | 9.0 |
| | 0.3 |
| | — |
| | 34.1 |
| | 487.5 |
| | 12.9 |
| | 2,231.7 |
| | (89.2 | ) | | 2,642.9 |
| (Loss) earnings from continuing operations before income taxes and equity in earnings of subsidiaries | (130.2 | ) | | (12.9 | ) | | 286.9 |
| | — |
| | 143.8 |
| Income taxes (benefit) on continuing operations before equity in earnings of subsidiaries | (43.3 | ) | | (5.1 | ) | | 77.2 |
| | — |
| | 28.8 |
| Equity in earnings of subsidiaries | 202.1 |
| | 202.1 |
| | — |
| | (404.2 | ) | | — |
| Earnings from continuing operations | 115.2 |
| | 194.3 |
| | 209.7 |
| | (404.2 | ) | | 115.0 |
| Less: net loss attributable to non-controlling interests | — |
| | — |
| | (0.2 | ) | | — |
| | (0.2 | ) | NET EARNINGS ATTRIBUTABLE TO COMMON SHAREOWNERS | $ | 115.2 |
| | $ | 194.3 |
| | $ | 209.9 |
| | $ | (404.2 | ) | | $ | 115.2 |
| Total Comprehensive Income Attributable to Common Shareowners | $ | 392.8 |
| | $ | 294.0 |
| | $ | 529.5 |
| | $ | (823.5 | ) | | $ | 392.8 |
|
Stanley Black & Decker, Inc. Condensed Consolidating Statements of Operations and Comprehensive Income (Unaudited, Millions of Dollars) Nine Months Ended September 29, 2012 | | | | | | | | | | | | | | | | | | | | | | Parent Stanley Black & Decker, Inc. | | The Black & Decker Corporation | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | NET SALES | $ | 1,042.8 |
| | $ | — |
| | $ | 7,486.2 |
| | $ | (275.2 | ) | | $ | 8,253.8 |
| COSTS AND EXPENSES | | | | | | | | | | Cost of sales | 724.9 |
| | — |
| | 4,731.4 |
| | (220.4 | ) | | 5,235.9 |
| Selling, general and administrative | 519.5 |
| | 17.8 |
| | 1,522.2 |
| | (54.8 | ) | | 2,004.7 |
| Other - net | (22.3 | ) | | (72.0 | ) | | 343.0 |
| | — |
| | 248.7 |
| Restructuring charges and asset impairments | 3.4 |
| | — |
| | 110.7 |
| | — |
| | 114.1 |
| Loss on debt extinguishment | 9.2 |
| | 36.3 |
| | — |
| | — |
| | 45.5 |
| Interest expense, net | 63.8 |
| | 32.7 |
| | 1.1 |
| | — |
| | 97.6 |
| | 1,298.5 |
| | 14.8 |
| | 6,708.4 |
| | (275.2 | ) | | 7,746.5 |
| (Loss) earnings from continuing operations before income taxes and equity in earnings of subsidiaries | (255.7 | ) | | (14.8 | ) | | 777.8 |
| | — |
| | 507.3 |
| Income taxes (benefit) on continuing operations before equity in earnings of subsidiaries | (81.9 | ) | | (5.9 | ) | | 204.5 |
| | — |
| | 116.7 |
| Equity in earnings of subsidiaries | 565.6 |
| | 498.1 |
| | — |
| | (1,063.7 | ) | | — |
| Earnings from continuing operations | 391.8 |
| | 489.2 |
| | 573.3 |
| | (1,063.7 | ) | | 390.6 |
| Less: net loss attributable to non-controlling interests | — |
| | — |
| | (1.2 | ) | | — |
| | (1.2 | ) | NET EARNINGS ATTRIBUTABLE TO COMMON SHAREOWNERS | $ | 391.8 |
| | $ | 489.2 |
| | $ | 574.5 |
| | $ | (1,063.7 | ) | | $ | 391.8 |
| Total Comprehensive Income Attributable to Common Shareowners | $ | 471.0 |
| | $ | 32.8 |
| | $ | 709.4 |
| | $ | (742.2 | ) | | $ | 471.0 |
|
Stanley Black & Decker, Inc. Condensed Consolidating Statement of Operations and Comprehensive Income (Unaudited, Millions of Dollars) Three Months Ended October 1, 2011
| | | | | | | | | | | | | | | | | | | | | | Parent Stanley Black & Decker, Inc. | | The Black & Decker Corporation | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | NET SALES | $ | 411.7 |
| | $ | — |
| | $ | 2,312.5 |
| | $ | (104.5 | ) | | $ | 2,619.7 |
| COSTS AND EXPENSES | | | | | | | | | | Cost of sales | 271.4 |
| | — |
| | 1,465.5 |
| | (85.5 | ) | | 1,651.4 |
| Selling, general and administrative | 175.4 |
| | 0.8 |
| | 482.5 |
| | (19.0 | ) | | 639.7 |
| Other - net | 8.8 |
| | (36.6 | ) | | 117.4 |
| | — |
| | 89.6 |
| Restructuring charges and asset impairments | 3.6 |
| | — |
| | 11.3 |
| | — |
| | 14.9 |
| Interest expense, net | 18.2 |
| | 11.7 |
| | (3.1 | ) | | — |
| | 26.8 |
| | 477.4 |
| | (24.1 | ) | | 2,073.6 |
| | (104.5 | ) | | 2,422.4 |
| (Loss) earnings from continuing operations before income taxes and equity in earnings of subsidiaries | (65.7 | ) | | 24.1 |
| | 238.9 |
| | — |
| | 197.3 |
| Income (benefit) taxes on continuing operations before equity in earnings of subsidiaries | (17.4 | ) | | 8.6 |
| | 43.9 |
| | — |
| | 35.1 |
| Equity in earnings of subsidiaries | 210.5 |
| | 106.7 |
| | — |
| | (317.2 | ) | | — |
| Earnings from continuing operations | $ | 162.2 |
| | $ | 122.2 |
| | $ | 195.0 |
| | $ | (317.2 | ) | | $ | 162.2 |
| Less: Net earnings attributable to non-controlling interests | $ | — |
|
| $ | — |
|
| $ | 0.7 |
|
| $ | — |
|
| $ | 0.7 |
| Net earnings from continuing operations attributable to common shareholders | $ | 162.2 |
|
| $ | 122.2 |
|
| $ | 194.3 |
|
| $ | (317.2 | ) |
| $ | 161.5 |
| Net loss from discontinued operations | $ | (6.9 | ) | | $ | — |
| | $ | (6.9 | ) | | $ | 6.9 |
| | $ | (6.9 | ) | NET EARNINGS ATTRIBUTABLE TO COMMON SHAREOWNERS | $ | 155.3 |
| | $ | 122.2 |
| | $ | 187.4 |
| | $ | (310.3 | ) | | $ | 154.6 |
| Total Comprehensive (Loss) Income Attributable to Common Shareowners | $ | (105.4 | ) | | $ | 40.5 |
| | $ | (67.4 | ) | | $ | 26.9 |
| | $ | (105.4 | ) |
Stanley Black & Decker, Inc. Condensed Consolidating Statement of Operations and Comprehensive Income (Unaudited, Millions of Dollars) Nine Months Ended October 1, 2011 | | | | | | | | | | | | | | | | | | | | | | Parent Stanley Black & Decker, Inc. | | The Black & Decker Corporation | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | NET SALES | $ | 1,215.8 |
| | $ | — |
| | $ | 6,681.9 |
| | $ | (313.2 | ) | | $ | 7,584.5 |
| COSTS AND EXPENSES | | | | | | | | | | Cost of sales | 815.9 |
| | — |
| | 4,216.1 |
| | (256.1 | ) | | 4,775.9 |
| Selling, general and administrative | 523.9 |
| | 2.9 |
| | 1,401.9 |
| | (57.1 | ) | | 1,871.6 |
| Other - net | (4.8 | ) | | (66.6 | ) | | 273.1 |
| | — |
| | 201.7 |
| Restructuring charges and asset impairments | 6.0 |
| | — |
| | 43.2 |
| | — |
| | 49.2 |
| Interest expense, net | 53.8 |
| | 38.1 |
| | (8.7 | ) | | — |
| | 83.2 |
| | 1,394.8 |
| | (25.6 | ) | | 5,925.6 |
| | (313.2 | ) | | 6,981.6 |
| (Loss) earnings from continuing operations before income taxes and equity in earnings of subsidiaries | (179.0 | ) | | 25.6 |
| | 756.3 |
| | — |
| | 602.9 |
| Income taxes (benefit) on continuing operations before equity in earnings of subsidiaries | (53.1 | ) | | 9.2 |
| | 129.9 |
| | — |
| | 86.0 |
| Equity in earnings of subsidiaries | 642.8 |
| | 452.5 |
| | — |
| | (1,095.3 | ) | | — |
| Earnings from continuing operations | 516.9 |
| | 468.9 |
| | 626.4 |
| | (1,095.3 | ) | | 516.9 |
| Less: net earnings attributable to non-controlling interests | — |
| | — |
| | 0.4 |
| | — |
| | 0.4 |
| Net earnings from continuing operations attributable to common shareowners | $ | 516.9 |
|
| $ | 468.9 |
|
| $ | 626.0 |
|
| $ | (1,095.3 | ) |
| $ | 516.5 |
| Net loss from discontinued operations | $ | (5.9 | ) |
| $ | — |
|
| $ | (5.9 | ) |
| $ | 5.9 |
|
| $ | (5.9 | ) | NET EARNINGS ATTRIBUTABLE TO COMMON SHAREOWNERS | $ | 511.0 |
|
| $ | 468.9 |
|
| $ | 620.1 |
|
| $ | (1,089.4 | ) |
| $ | 510.6 |
| Total Comprehensive Income Attributable to Common Shareowners | $ | 445.3 |
|
| $ | 441.4 |
|
| $ | 557.6 |
|
| $ | (999.0 | ) |
| $ | 445.3 |
|
|
Condensed Consolidating Balance Sheet |
Stanley Black & Decker, Inc. Condensed Consolidating Balance Sheet (Unaudited, Millions of Dollars) September 29, 2012 | | | | | | | | | | | | | | | | | | | | | | Parent Stanley Black & Decker, Inc. | | The Black & Decker Corporation | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | ASSETS | | | | | | | | | | Current Assets | | | | | | | | | | Cash and cash equivalents | $ | 14.5 |
| | $ | 1.6 |
| | $ | 753.4 |
| | $ | — |
| | $ | 769.5 |
| Accounts and notes receivable, net | 62.9 |
| | — |
| | 1,767.0 |
| | — |
| | 1,829.9 |
| Inventories, net | 154.4 |
| | — |
| | 1,547.6 |
| | — |
| | 1,702.0 |
| Other current assets | 54.9 |
| | — |
| | 397.6 |
| | — |
| | 452.5 |
| Total Current Assets | 286.7 |
| | 1.6 |
| | 4,465.6 |
| | — |
| | 4,753.9 |
| Property, Plant and Equipment, net | 212.7 |
| | — |
| | 1,172.8 |
| | — |
| | 1,385.5 |
| Goodwill and intangibles, net | 148.8 |
| | 1,623.5 |
| | 8,922.2 |
| | — |
| | 10,694.5 |
| Investment in Subsidiaries | 11,617.6 |
| | 4,198.8 |
| | — |
| | (15,816.4 | ) | | — |
| Intercompany Receivables | — |
| | 9,177.1 |
| | 9,547.3 |
| | (18,724.4 | ) | | — |
| Other Assets | 66.8 |
| | 31.3 |
| | 182.2 |
| | — |
| | 280.3 |
| Total Assets | $ | 12,332.6 |
| | $ | 15,032.3 |
| | $ | 24,290.1 |
| | $ | (34,540.8 | ) | | $ | 17,114.2 |
| LIABILITIES AND SHAREOWNERS’ EQUITY | | | | | | | | | | Current Liabilities | | | | | | | | | | Short-term borrowings | $ | 1,308.4 |
| | $ | — |
| | $ | 28.3 |
| | $ | — |
| | $ | 1,336.7 |
| Current maturities of long-term debt | 204.0 |
| | 2.8 |
| | 1.8 |
| | — |
| | 208.6 |
| Accounts payable and accrued expenses | 155.5 |
| | (19.7 | ) | | 2,989.2 |
| | — |
| | 3,125.0 |
| Total Current Liabilities | 1,667.9 |
| | (16.9 | ) | | 3,019.3 |
| | — |
| | 4,670.3 |
| Intercompany Payables | 1,242.9 |
| | 9,246.1 |
| | 8,235.4 |
| | (18,724.4 | ) | | — |
| Long-Term Debt | 2,228.2 |
| | 325.8 |
| | 174.9 |
| | — |
| | 2,728.9 |
| Other Liabilities | (10.8 | ) | | 657.1 |
| | 1,804.8 |
| | — |
| | 2,451.1 |
| Accumulated other comprehensive income (loss) | (270.0 | ) | | (698.8 | ) | | (33.2 | ) | | 732.0 |
| | (270.0 | ) | Other Shareowners’ Equity | 7,474.4 |
| | 5,519.0 |
| | 11,029.4 |
| | (16,548.4 | ) | | 7,474.4 |
| Non-controlling interests | — |
| | — |
| | 59.5 |
| | — |
| | 59.5 |
| Total Shareowners’ Equity | 7,204.4 |
| | 4,820.2 |
| | 11,055.7 |
| | (15,816.4 | ) | | 7,263.9 |
| Total Liabilities and Shareowners’ Equity | $ | 12,332.6 |
| | $ | 15,032.3 |
| | $ | 24,290.1 |
| | $ | (34,540.8 | ) | | $ | 17,114.2 |
|
Stanley Black & Decker, Inc. Condensed Consolidating Balance Sheet (Millions of Dollars) December 31, 2011 | | | | | | | | | | | | | | | | | | | | | | Parent Stanley Black & Decker, Inc. | | The Black & Decker Corporation | | Non- Guarantor Subsidiaries | | Eliminations | | Consolidated | ASSETS | | | | | | | | | | Current Assets | | | | | | | | | | Cash and cash equivalents | $ | 56.2 |
| | $ | 1.4 |
| | $ | 849.3 |
| | $ | — |
| | $ | 906.9 |
| Accounts and notes receivable, net | 97.8 |
| | — |
| | 1,455.4 |
| | — |
| | 1,553.2 |
| Inventories, net | 117.2 |
| | — |
| | 1,321.4 |
| | — |
| | 1,438.6 |
| Other current assets | 90.7 |
| | 10.4 |
| | 322.9 |
| | — |
| | 424.0 |
| Total Current Assets | 361.9 |
| | 11.8 |
| | 3,949.0 |
| | — |
| | 4,322.7 |
| Property, Plant and Equipment, net | 193.1 |
| | — |
| | 1,057.8 |
| | — |
| | 1,250.9 |
| Goodwill and intangibles, net | 181.9 |
| | 1,623.5 |
| | 8,231.7 |
| | — |
| | 10,037.1 |
| Investment in Subsidiaries | 10,196.8 |
| | 3,978.4 |
| | — |
| | (14,175.2 | ) | | — |
| Intercompany Receivables | — |
| | 9,210.6 |
| | 8,700.4 |
| | (17,911.0 | ) | | — |
| Other Assets | 35.8 |
| | 55.2 |
| | 247.3 |
| | — |
| | 338.3 |
| Total Assets | $ | 10,969.5 |
| | $ | 14,879.5 |
| | $ | 22,186.2 |
| | $ | (32,086.2 | ) | | $ | 15,949.0 |
| LIABILITIES AND SHAREOWNERS’ EQUITY | | | | | | | | | | Current Liabilities | | | | | | | | | | Short-term borrowings | $ | — |
| | $ | — |
| | $ | 0.2 |
| | $ | — |
| | $ | 0.2 |
| Current maturities of long-term debt | 523.8 |
| | — |
| | 2.6 |
| | — |
| | 526.4 |
| Accounts payable and accrued expenses | 382.3 |
| | (0.8 | ) | | 2,360.4 |
| | — |
| | 2,741.9 |
| Total Current Liabilities | 906.1 |
| | (0.8 | ) | | 2,363.2 |
| | — |
| | 3,268.5 |
| Intercompany Payables | 1,369.9 |
| | 8,502.6 |
| | 8,038.5 |
| | (17,911.0 | ) | | — |
| Long-Term Debt | 1,722.2 |
| | 1,031.9 |
| | 171.7 |
| | — |
| | 2,925.8 |
| Other Liabilities | (32.3 | ) | | 167.2 |
| | 2,553.0 |
| | — |
| | 2,687.9 |
| Accumulated other comprehensive loss | (349.2 | ) | | (242.4 | ) | | (168.1 | ) | | 410.5 |
| | (349.2 | ) | Other Shareowners’ Equity | 7,352.8 |
| | 5,421.0 |
| | 9,164.7 |
| | (14,585.7 | ) | | 7,352.8 |
| Non-controlling interests | — |
| | — |
| | 63.2 |
| | — |
| | 63.2 |
| Total Shareowners’ Equity | 7,003.6 |
| | 5,178.6 |
| | 9,059.8 |
| | (14,175.2 | ) | | 7,066.8 |
| Total Liabilities and Shareowners’ Equity | $ | 10,969.5 |
| | $ | 14,879.5 |
| | $ | 22,186.2 |
| | $ | (32,086.2 | ) | | $ | 15,949.0 |
|
|
Condensed Consolidating Statement of Cash Flows |
Stanley Black & Decker, Inc. Condensed Consolidating Statements of Cash Flow (Unaudited, Millions of Dollars) Nine Months Ended September 29, 2012 | | | | | | | | | | | | | | | | | | | | | | Parent Stanley Black & Decker, Inc. | | The Black & Decker Corporation | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Cash (used in) provided by operating activities | $ | (654.9 | ) | | $ | (70.9 | ) | | $ | 1,143.9 |
| | $ | — |
| | $ | 418.1 |
| Investing Activities | | | | | | | | | | Capital expenditures | (53.1 | ) | | — |
| | (206.4 | ) | | — |
| | (259.5 | ) | Business acquisitions, net of cash acquired | (453.8 | ) | | (2.5 | ) | | (227.5 | ) | | — |
| | (683.8 | ) | Purchase of Niscayah shares | — |
| | — |
| | (11.3 | ) | | — |
| | (11.3 | ) | Proceeds from sale of assets | 0.9 |
| | — |
| | 7.7 |
| | — |
| | 8.6 |
| Intercompany payables and receivables | 28.8 |
| | 1,430.8 |
| | — |
| | (1,459.6 | ) | | — |
| Proceeds on net investment hedge settlements | 9.8 |
| | 2.0 |
| | — |
| | — |
| | 11.8 |
| Cash provided by (used in) investing activities | (467.4 | ) | | 1,430.3 |
| | (437.5 | ) | | (1,459.6 | ) | | (934.2 | ) | Financing Activities | | | | | | | | | | Payments on long-term debt | (570.6 | ) | | (650.9 | ) | | (0.5 | ) | | — |
| | (1,222.0 | ) | Premium paid on debt extinguishment | (14.9 | ) | | (76.1 | ) | | — |
| | — |
| | (91.0 | ) | Proceeds from long-term borrowings | 729.4 |
| | — |
| | — |
| | — |
| | 729.4 |
| Stock purchase contract fees | (2.4 | ) | | — |
| | — |
| | — |
| | (2.4 | ) | Net short-term borrowings (repayments) | 1,316.5 |
| | — |
| | (0.2 | ) | | — |
| | 1,316.3 |
| Cash dividends on common stock | (221.3 | ) | | — |
| | — |
| | — |
| | (221.3 | ) | Termination of interest rate swaps | 15.2 |
| | 20.6 |
| | — |
| | — |
| | 35.8 |
| Termination of forward starting interest rate swap | (56.4 | ) | | — |
| | — |
| | — |
| | (56.4 | ) | Proceeds from the issuance of common stock | 102.9 |
| | — |
| | — |
| | — |
| | 102.9 |
| Purchase of common stock for treasury | (217.8 | ) | | — |
| | — |
| | — |
| | (217.8 | ) | Intercompany payables and receivables | — |
| | (652.8 | ) | | (806.8 | ) | | 1,459.6 |
| | — |
| Cash provided by (used in) financing activities | 1,080.6 |
| | (1,359.2 | ) | | (807.5 | ) | | 1,459.6 |
| | 373.5 |
| Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | 5.2 |
| | — |
| | 5.2 |
| Change in cash and cash equivalents | (41.7 | ) | | 0.2 |
| | (95.9 | ) | | — |
| | (137.4 | ) | Cash and cash equivalents, beginning of period | 56.2 |
| | 1.4 |
| | 849.3 |
| | — |
| | 906.9 |
| Cash and cash equivalents, end of period | $ | 14.5 |
| | $ | 1.6 |
| | $ | 753.4 |
| | $ | — |
| | $ | 769.5 |
|
Stanley Black & Decker, Inc. Condensed Consolidating Statements of Cash Flow (Unaudited, Millions of Dollars) Nine Months Ended October 1, 2011 | | | | | | | | | | | | | | | | | | | | | | Parent Stanley Black & Decker, Inc. | | The Black & Decker Corporation | | Non-Guarantor Subsidiaries | | Eliminations | | Consolidated | Cash (used in) provided by operating activities | $ | (650.0 | ) | | $ | 789.3 |
| | $ | 316.3 |
| | $ | — |
| | $ | 455.6 |
| Investing Activities | | | | | | | | | | Capital expenditures | (53.1 | ) | | — |
| | (143.3 | ) | | — |
| | (196.4 | ) | Business acquisitions, net of cash acquired | — |
| | — |
| | (214.8 | ) | | — |
| | (214.8 | ) | Purchase of Niscayah shares | — |
|
| — |
|
| (962.9 | ) |
| — |
|
| (962.9 | ) | Termination of interest rate swaps | — |
| | — |
| | (3.1 | ) | | — |
| | (3.1 | ) | Proceeds from sale of assets | — |
| | — |
| | 28.5 |
| | — |
| | 28.5 |
| Intercompany payables and receivables | 278.3 |
| | 501.1 |
| | — |
| | (779.4 | ) | | — |
| Payments on net investment hedge settlements | (17.9 | ) | | (16.6 | ) | | — |
| | — |
| | (34.5 | ) | Short-term investments | — |
| | — |
| | (17.8 | ) | | — |
| | (17.8 | ) | Cash (used in) provided by investing activities | 207.3 |
| | 484.5 |
| | (1,313.4 | ) | | (779.4 | ) | | (1,401.0 | ) | Financing Activities | | | | | | | | | | Payments on long-term debt | — |
| | (400.0 | ) | | (3.2 | ) | | — |
| | (403.2 | ) | Proceeds from long-term borrowings | 20.5 |
| | — |
| | 0.9 |
| | — |
| | 21.4 |
| Net premium paid for equity option | (19.6 | ) | | — |
| | — |
| | — |
| | (19.6 | ) | Stock purchase contract fees | (2.4 | ) | | — |
| | — |
| | — |
| | (2.4 | ) | Net short-term borrowings | 546.9 |
| | — |
| | 9.1 |
| | — |
| | 556.0 |
| Cash dividends on common stock | (206.6 | ) | | — |
| | — |
| | — |
| | (206.6 | ) | Proceeds from the issuance of common stock | 102.4 |
| | — |
| | — |
| | — |
| | 102.4 |
| Other | (6.2 | ) | | — |
| | — |
| | — |
| | (6.2 | ) | Intercompany payables and receivables | — |
| | (869.5 | ) | | 90.1 |
| | 779.4 |
| | — |
| Cash provided by (used in) financing activities | 435.0 |
| | (1,269.5 | ) | | 96.9 |
| | 779.4 |
| | 41.8 |
| Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | 11.0 |
| | — |
| | 11.0 |
| Change in cash and cash equivalents | (7.7 | ) | | 4.3 |
| | (889.2 | ) | | — |
| | (892.6 | ) | Cash and cash equivalents, beginning of period | (5.0 | ) | | 3.5 |
| | 1,744.3 |
| | — |
| | 1,742.8 |
| Cash and cash equivalents, end of period | $ | (12.7 | ) | | $ | 7.8 |
| | $ | 855.1 |
| | $ | — |
| | $ | 850.2 |
|
|