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CONSOLIDATING FINANCIAL STATEMENTS
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
CONSOLIDATING FINANCIAL STATEMENTS
CONSOLIDATING FINANCIAL STATEMENTS

During 2009, the Company sold and issued the 4% Convertible Notes and during 2012 sold and issued the 6% Notes and the 6-1/2% Notes (collectively the “Notes”) (see Note M – “Long-Term Obligations”). The Notes are jointly and severally guaranteed by the following wholly-owned subsidiaries of the Company (the “Wholly-owned Guarantors”): CMI Terex Corporation, Fantuzzi Noell USA, Inc., Genie Financial Services, Inc., Genie Holdings, Inc., Genie Industries, Inc., Genie International, Inc., GFS National, Inc., Powerscreen Holdings USA Inc., Powerscreen International LLC, Powerscreen North America Inc., Powerscreen USA, LLC, Schaeff Incorporated, Schaeff of North America, Inc., Terex Advance Mixer, Inc., Terex Aerials, Inc., Terex Financial Services, Inc., Terex South Dakota, Inc., Terex USA, LLC, Terex Utilities, Inc. and Terex Washington, Inc.  Wholly-owned Guarantors are 100% owned by the Company. All of the guarantees are full and unconditional.  The guarantees of the Wholly-owned Guarantors are subject to release in limited circumstances only upon the occurrence of certain customary conditions. No subsidiaries of the Company except the Wholly-owned Guarantors have provided a guarantee of the Notes.

The following summarized condensed consolidating financial information for the Company segregates the financial information of Terex Corporation, the Wholly-owned Guarantors and the non-guarantor subsidiaries.  The results and financial position of businesses acquired are included from the dates of their respective acquisitions.

Terex Corporation consists of parent company operations. Subsidiaries of the parent company are reported on the equity basis.  Wholly-owned Guarantors combine the operations of the Wholly-owned Guarantor subsidiaries.  Subsidiaries of Wholly-owned Guarantors that are not themselves guarantors are reported on the equity basis.  Non-guarantor subsidiaries combine the operations of subsidiaries which have not provided a guarantee of the Notes.  Subsidiaries of non-guarantor subsidiaries that are guarantors are reported on the equity basis.  Debt and goodwill allocated to subsidiaries are presented on a “push-down” accounting basis.

TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF INCOME
YEAR ENDED DECEMBER 31, 2014
(in millions)
 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net sales
$
42.5

 
$
3,352.1

 
$
4,958.3

 
$
(1,044.0
)
 
$
7,308.9

Cost of goods sold
(39.2
)
 
(2,762.3
)
 
(4,097.9
)
 
1,044.0

 
(5,855.4
)
Gross profit
3.3

 
589.8

 
860.4

 
—

 
1,453.5

Selling, general and administrative expenses
7.3

 
(250.9
)
 
(786.8
)
 
—

 
(1,030.4
)
Income (loss) from operations
10.6

 
338.9

 
73.6

 
—

 
423.1

Interest income
129.7

 
73.8

 
4.5

 
(201.4
)
 
6.6

Interest expense
(165.6
)
 
(16.5
)
 
(138.4
)
 
201.4

 
(119.1
)
Income (loss) from subsidiaries
390.0

 
14.6

 
(2.5
)
 
(402.1
)
 
—

Loss on early extinguishment of debt
(1.5
)
 
—

 
(1.1
)
 
—

 
(2.6
)
Other income (expense) – net
(56.8
)
 
5.2

 
40.8

 
—

 
(10.8
)
Income (loss) from continuing operations before income taxes
306.4

 
416.0

 
(23.1
)
 
(402.1
)
 
297.2

(Provision for) benefit from income taxes
4.7

 
(22.3
)
 
(20.1
)
 
—

 
(37.7
)
Income (loss) from continuing operations
311.1

 
393.7

 
(43.2
)
 
(402.1
)
 
259.5

Income from discontinued operations – net of tax
0.6

 
—

 
0.8

 
—

 
1.4

Gain (loss) on disposition of discontinued operations – net of tax
7.3

 
—

 
51.3

 
—

 
58.6

Net income (loss)
319.0

 
393.7

 
8.9

 
(402.1
)
 
319.5

Net loss (income) attributable to noncontrolling interest
—

 
—

 
(0.5
)
 
—

 
(0.5
)
Net income (loss) attributable to Terex Corporation
$
319.0

 
$
393.7

 
$
8.4

 
$
(402.1
)
 
$
319.0

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss), net of tax
$
5.7

 
$
390.3

 
$
(241.5
)
 
$
(148.4
)
 
$
6.1

Comprehensive loss (income) attributable to noncontrolling interest
—

 
—

 
(0.4
)
 
—

 
(0.4
)
Comprehensive income (loss) attributable to Terex Corporation
$
5.7

 
$
390.3

 
$
(241.9
)
 
$
(148.4
)
 
$
5.7


TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF INCOME
YEAR ENDED DECEMBER 31, 2013
(in millions)

 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net sales
$
173.2

 
$
3,156.1

 
$
4,814.2

 
$
(1,059.5
)
 
$
7,084.0

Cost of goods sold
(162.3
)
 
(2,542.4
)
 
(3,999.3
)
 
1,059.5

 
(5,644.5
)
Gross profit
10.9

 
613.7

 
814.9

 
—

 
1,439.5

Selling, general and administrative expenses
(23.9
)
 
(234.1
)
 
(762.4
)
 
—

 
(1,020.4
)
Income (loss) from operations
(13.0
)
 
379.6

 
52.5

 
—

 
419.1

Interest income
272.4

 
337.8

 
11.9

 
(615.4
)
 
6.7

Interest expense
(431.6
)
 
(151.1
)
 
(158.8
)
 
615.4

 
(126.1
)
Income (loss) from subsidiaries
392.6

 
35.0

 
(0.6
)
 
(427.0
)
 
—

Loss on early extinguishment of debt
—

 
—

 
(5.2
)
 
—

 
(5.2
)
Other income (expense) – net
(57.4
)
 
3.6

 
50.6

 
—

 
(3.2
)
Income (loss) from continuing operations before income taxes
163.0

 
604.9

 
(49.6
)
 
(427.0
)
 
291.3

(Provision for) benefit from income taxes
50.6

 
(125.6
)
 
(12.4
)
 
—

 
(87.4
)
Income (loss) from continuing operations
213.6

 
479.3

 
(62.0
)
 
(427.0
)
 
203.9

Income (loss) from discontinued operations – net of tax
12.8

 
—

 
1.6

 
—

 
14.4

Gain (loss) on disposition of discontinued operations – net of tax
(0.4
)
 
—

 
3.0

 
—

 
2.6

Net income (loss)
226.0

 
479.3

 
(57.4
)
 
(427.0
)
 
220.9

Net loss (income) attributable to noncontrolling interest
—

 
—

 
5.1

 
—

 
5.1

Net income (loss) attributable to Terex Corporation
$
226.0

 
$
479.3

 
$
(52.3
)
 
$
(427.0
)
 
$
226.0

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss), net of tax
233.6

 
484.3

 
(95.7
)
 
(393.3
)
 
228.9

Comprehensive loss (income) attributable to noncontrolling interest
—

 
—

 
4.7

 
—

 
4.7

Comprehensive income (loss) attributable to Terex Corporation
$
233.6

 
$
484.3

 
$
(91.0
)
 
$
(393.3
)
 
$
233.6


TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF INCOME
YEAR ENDED DECEMBER 31, 2012
(in millions)

 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net sales
$
195.8

 
$
2,656.1

 
$
4,992.8

 
$
(862.5
)
 
$
6,982.2

Cost of goods sold
(177.3
)
 
(2,226.5
)
 
(4,040.8
)
 
862.5

 
(5,582.1
)
Gross profit
18.5

 
429.6

 
952.0

 
—

 
1,400.1

Selling, general and administrative expenses
(31.9
)
 
(208.2
)
 
(793.2
)
 
—

 
(1,033.3
)
Income (loss) from operations
(13.4
)
 
221.4

 
158.8

 
—

 
366.8

Interest income
225.5

 
258.2

 
10.6

 
(485.5
)
 
8.8

Interest expense
(364.3
)
 
(109.3
)
 
(176.5
)
 
485.5

 
(164.6
)
Income (loss) from subsidiaries
310.3

 
(4.1
)
 
(0.6
)
 
(305.6
)
 
—

Loss on early extinguishment of debt
(79.6
)
 
—

 
(3.4
)
 
—

 
(83.0
)
Other income (expense) – net
(33.1
)
 
32.4

 
(1.0
)
 
—

 
(1.7
)
Income (loss) from continuing operations before income taxes
45.4

 
398.6

 
(12.1
)
 
(305.6
)
 
126.3

(Provision for) benefit from income taxes
50.2

 
(76.3
)
 
(25.4
)
 
—

 
(51.5
)
Income (loss) from continuing operations
95.6

 
322.3

 
(37.5
)
 
(305.6
)
 
74.8

Income (loss) from discontinued operations – net of tax
12.1

 
—

 
16.3

 
—

 
28.4

Gain (loss) on disposition of discontinued operations – net of tax
(1.9
)
 
—

 
2.3

 
—

 
0.4

Net income (loss)
105.8

 
322.3

 
(18.9
)
 
(305.6
)
 
103.6

Net loss (income) attributable to noncontrolling interest
—

 
—

 
2.2

 
—

 
2.2

Net income (loss) attributable to Terex Corporation
$
105.8

 
$
322.3

 
$
(16.7
)
 
$
(305.6
)
 
$
105.8

 
 
 
 
 
 
 
 
 
 
Comprehensive income (loss), net of tax
$
107.2

 
$
323.3

 
$
(69.0
)
 
$
(256.0
)
 
$
105.5

Comprehensive loss (income) attributable to noncontrolling interest
—

 
—

 
1.7

 
—

 
1.7

Comprehensive income (loss) attributable to Terex Corporation
$
107.2

 
$
323.3

 
$
(67.3
)
 
$
(256.0
)
 
$
107.2



TEREX CORPORATION
CONDENSED CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2014
(in millions)
 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
99.0

 
$
1.9

 
$
377.3

 
$
—

 
$
478.2

Trade receivables – net
7.7

 
307.4

 
771.3

 
—

 
1,086.4

Intercompany receivables
55.3

 
85.9

 
136.3

 
(277.5
)
 
—

Inventories
—

 
374.5

 
1,086.4

 
—

 
1,460.9

Prepaid assets
100.8

 
32.9

 
114.3

 
—

 
248.0

Other current assets
65.7

 
0.1

 
16.9

 
—

 
82.7

Current assets – discontinued operations
—

 
—

 
—

 
—

 
—

Total current assets
328.5

 
802.7

 
2,502.5

 
(277.5
)
 
3,356.2

Property, plant and equipment – net
65.4

 
117.0

 
507.9

 
—

 
690.3

Goodwill
—

 
170.1

 
960.9

 
—

 
1,131.0

Non-current intercompany receivables
1,501.4

 
2,059.9

 
41.9

 
(3,603.2
)
 
—

Investment in and advances to (from) subsidiaries
3,564.2

 
199.3

 
152.0

 
(3,809.2
)
 
106.3

Other assets
43.8

 
142.7

 
457.7

 
—

 
644.2

Non-current assets – discontinued operations
—

 
—

 
—

 
—

 
—

Total assets
$
5,503.3

 
$
3,491.7

 
$
4,622.9

 
$
(7,689.9
)
 
$
5,928.0

 
 
 
 
 
 
 
 
 
 
Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Current liabilities
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
$
125.0

 
$
2.0

 
$
25.5

 
$
—

 
$
152.5

Trade accounts payable
18.0

 
212.6

 
505.5

 
—

 
736.1

Intercompany payables
19.8

 
117.8

 
139.9

 
(277.5
)
 
—

Accruals and other current liabilities
74.6

 
118.1

 
561.8

 
—

 
754.5

Current liabilities – discontinued operations
—

 
—

 
—

 
—

 
—

Total current liabilities
237.4

 
450.5

 
1,232.7

 
(277.5
)
 
1,643.1

Long-term debt, less current portion
1,150.0

 
7.6

 
478.7

 
—

 
1,636.3

Non-current intercompany payables
2,047.1

 
41.8

 
1,514.3

 
(3,603.2
)
 
—

Other non-current liabilities
62.9

 
27.2

 
519.4

 
—

 
609.5

Non-current liabilities – discontinued operations
—

 
—

 
—

 
—

 
—

Redeemable noncontrolling interest
—

 
—

 
—

 
—

 
—

Total stockholders’ equity
2,005.9

 
2,964.6

 
877.8

 
(3,809.2
)
 
2,039.1

Total liabilities, redeemable noncontrolling interest and stockholders’ equity
$
5,503.3

 
$
3,491.7

 
$
4,622.9

 
$
(7,689.9
)
 
$
5,928.0


TEREX CORPORATION
CONDENSED CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2013
(in millions)
 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Assets
 
 
 
 
 
 
 
 
 
Current assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
16.3

 
$
3.9

 
$
387.9

 
$
—

 
$
408.1

Trade receivables – net
34.9

 
328.2

 
813.7

 
—

 
1,176.8

Intercompany receivables
52.8

 
121.8

 
124.0

 
(298.6
)
 
—

Inventories
28.6

 
392.6

 
1,192.0

 
—

 
1,613.2

Prepaid assets
47.9

 
40.3

 
132.7

 
—

 
220.9

Other current assets
42.5

 
0.4

 
48.2

 
—

 
91.1

Current assets – discontinued operations
21.3

 
—

 
108.0

 
—

 
129.3

Total current assets
244.3

 
887.2

 
2,806.5

 
(298.6
)
 
3,639.4

Property, plant and equipment – net
72.5

 
118.6

 
598.3

 
—

 
789.4

Goodwill
—

 
170.1

 
1,075.5

 
—

 
1,245.6

Non-current intercompany receivables
1,586.4

 
2,157.8

 
42.0

 
(3,786.2
)
 
—

Investment in and advances to (from) subsidiaries
3,874.9

 
191.7

 
162.3

 
(4,138.9
)
 
90.0

Other assets
36.7

 
178.2

 
541.8

 
—

 
756.7

Non-current assets – discontinued operations
1.2

 
—

 
14.4

 
—

 
15.6

Total assets
$
5,816.0

 
$
3,703.6

 
$
5,240.8

 
$
(8,223.7
)
 
$
6,536.7

Liabilities and Stockholders’ Equity
 

 
 

 
 

 
 

 
 

Current liabilities
 

 
 

 
 

 
 

 
 

Notes payable and current portion of long-term debt
$
3.7

 
$
0.7

 
$
82.4

 
$
—

 
$
86.8

Trade accounts payable
14.0

 
221.7

 
453.4

 
—

 
689.1

Intercompany payables
46.9

 
97.2

 
154.5

 
(298.6
)
 
—

Accruals and other current liabilities
68.1

 
130.9

 
703.7

 
—

 
902.7

Current liabilities – discontinued operations
3.9

 
—

 
42.2

 
—

 
46.1

Total current liabilities
136.6

 
450.5

 
1,436.2

 
(298.6
)
 
1,724.7

Long-term debt, less current portion
1,271.0

 
4.8

 
614.1

 
—

 
1,889.9

Non-current intercompany payables
2,143.2

 
41.8

 
1,601.2

 
(3,786.2
)
 
—

Other non-current liabilities
75.1

 
27.1

 
545.5

 
—

 
647.7

Non-current liabilities – discontinued operations
—

 
—

 
5.7

 
—

 
5.7

Redeemable non-controlling interest
—

 
—

 
53.9

 
—

 
53.9

Total stockholders’ equity
2,190.1

 
3,179.4

 
984.2

 
(4,138.9
)
 
2,214.8

Total liabilities, redeemable noncontrolling interest and stockholders’ equity
$
5,816.0

 
$
3,703.6

 
$
5,240.8

 
$
(8,223.7
)
 
$
6,536.7


TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2014
(in millions)

 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(113.4
)
 
$
691.4

 
$
245.7

 
$
(413.0
)
 
$
410.7

Cash flows from investing activities
 
 
 
 
 
 
 
 
 

Capital expenditures
(4.4
)
 
(32.2
)
 
(44.9
)
 
—

 
(81.5
)
Other investments
(20.0
)
 
—

 
—

 
—

 
(20.0
)
Proceeds from disposition of discontinued operations
31.3

 
—

 
130.9

 
—

 
162.2

Proceeds from sale of assets
25.0

 
12.1

 
6.2

 
—

 
43.3

Intercompany investing activities (1)
363.5

 
—

 
—

 
(363.5
)
 
—

Other investing activities, net
—

 
(1.6
)
 
(7.4
)
 
—

 
(9.0
)
Net cash provided by (used in) investing activities
395.4

 
(21.7
)
 
84.8

 
(363.5
)
 
95.0

Cash flows from financing activities
 

 
 

 
 

 
 
 
 

Repayments of debt
(1,018.8
)
 
(3.2
)
 
(779.8
)
 
—

 
(1,801.8
)
Proceeds from issuance of debt
1,011.0

 
51.9

 
621.3

 
—

 
1,684.2

Purchase of noncontrolling interest
—

 
—

 
(80.3
)
 
—

 
(80.3
)
Intercompany financing activities (1)
—

 
(717.5
)
 
(59.0
)
 
776.5

 
—

Share repurchases
(171.2
)
 
—

 
—

 
—

 
(171.2
)
Dividends paid
(21.8
)
 
—

 
—

 
—

 
(21.8
)
Other financing activities, net
1.5

 
(2.9
)
 
(4.4
)
 
—

 
(5.8
)
Net cash provided by (used in) financing activities
(199.3
)
 
(671.7
)
 
(302.2
)
 
776.5

 
(396.7
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(38.9
)
 
—

 
(38.9
)
Net increase (decrease) in cash and cash equivalents
82.7

 
(2.0
)
 
(10.6
)
 
—

 
70.1

Cash and cash equivalents, beginning of period
16.3

 
3.9

 
387.9

 
—

 
408.1

Cash and cash equivalents, end of period
$
99.0

 
$
1.9

 
$
377.3

 
$
—

 
$
478.2


(1)
Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors.
TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2013
(in millions)
 
Terex
Corporation
 
Wholly-owned
Guarantors
 
Non-guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(244.1
)
 
$
599.9

 
$
7.7

 
$
(175.0
)
 
$
188.5

Cash flows from investing activities
 

 
 
 
 

 
 
 
 

Capital expenditures
(9.4
)
 
(24.5
)
 
(48.9
)
 
—

 
(82.8
)
Proceeds from disposition of discontinued operations
(2.8
)
 
—

 
3.5

 
—

 
0.7

Proceeds from sale of assets
4.4

 
35.1

 
6.6

 
—

 
46.1

Intercompany investing activities (1)
253.1

 
(18.7
)
 
(0.6
)
 
(233.8
)
 
—

Other investing activities, net
—

 
—

 
(1.4
)
 
—

 
(1.4
)
Net cash provided by (used in) investing activities
245.3


(8.1
)
 
(40.8
)
 
(233.8
)

(37.4
)
Cash flows from financing activities
 

 
 

 
 

 
 
 
 

Repayments of debt
(54.0
)
 
(0.1
)
 
(517.7
)
 
—

 
(571.8
)
Proceeds from issuance of debt
61.8

 
3.8

 
359.6

 
—

 
425.2

Purchase of noncontrolling interest
—

 
—

 
(228.1
)
 
—

 
(228.1
)
Distributions to noncontrolling interest
—

 
—

 
(18.5
)
 
—

 
(18.5
)
Intercompany financing activities (1)
—

 
(592.0
)
 
183.2

 
408.8

 
—

Share repurchases
(31.4
)
 
—

 
—

 
—

 
(31.4
)
Dividends paid
(5.5
)
 
—

 
—

 
—

 
(5.5
)
Other financing activities, net
4.6

 
—

 
5.4

 
—

 
10.0

Net cash provided by (used in) financing activities
(24.5
)
 
(588.3
)
 
(216.1
)
 
408.8

 
(420.1
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(0.9
)
 
—

 
(0.9
)
Net increase (decrease) in cash and cash equivalents
(23.3
)
 
3.5

 
(250.1
)
 
—

 
(269.9
)
Cash and cash equivalents, beginning of period
39.6

 
0.4

 
638.0

 
—

 
678.0

Cash and cash equivalents, end of period
$
16.3

 
$
3.9

 
$
387.9

 
$
—

 
$
408.1


(1)
Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors.
TEREX CORPORATION
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2012
(in millions)

 
Terex
Corporation
 
Wholly-
owned
Guarantors
 
Non-
guarantor
Subsidiaries
 
Intercompany
Eliminations
 
Consolidated
Net cash provided by (used in) operating activities
$
(15.5
)
 
$
136.5

 
$
171.3

 
$
—

 
$
292.3

Cash flows from investing activities
 

 
 

 
 

 
 

 
 

Capital expenditures
(7.1
)
 
(17.1
)
 
(58.3
)
 
—

 
(82.5
)
 Other investments
(4.5
)
 
—

 
(19.6
)
 
—

 
(24.1
)
Proceeds from disposition of discontinued operations
—

 
—

 
3.5

 
—

 
3.5

Proceeds from sale of assets
0.6

 
6.1

 
27.9

 
—

 
34.6

Intercompany investing activities
(89.6
)
 
(127.3
)
 
134.0

 
82.9

 
—

Other investing activities, net
—

 
—

 
(7.8
)
 
—

 
(7.8
)
Net cash provided by (used in) investing activities
(100.6
)

(138.3
)

79.7

 
82.9

 
(76.3
)
Cash flows from financing activities
 

 
 

 
 

 
 

 
 

Repayments of debt
(1,260.4
)
 
(0.1
)
 
(272.5
)
 
—

 
(1,533.0
)
Proceeds from issuance of debt
1,175.0

 
—

 
59.3

 
—

 
1,234.3

Purchase of noncontrolling interest
—

 
—

 
(3.5
)
 
—

 
(3.5
)
Distributions to noncontrolling interest
—

 
—

 
(4.9
)
 
—

 
(4.9
)
Intercompany financing activities
(6.0
)
 
—

 
88.9

 
(82.9
)
 
—

Other financing activities, net
(16.9
)
 
—

 
0.7

 
—

 
(16.2
)
Net cash provided by (used in) financing activities
(108.3
)
 
(0.1
)
 
(132.0
)
 
(82.9
)
 
(323.3
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
11.2

 
—

 
11.2

Net increase (decrease) in cash and cash equivalents
(224.4
)
 
(1.9
)
 
130.2

 
—

 
(96.1
)
Cash and cash equivalents, beginning of period
264.0

 
2.3

 
507.8

 
—

 
774.1

Cash and cash equivalents, end of period
$
39.6

 
$
0.4

 
$
638.0

 
$
—

 
$
678.0