10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________________________________

FORM 10-Q

_____________________________________________

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 26, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             .

Commission file number: 1-12983

_____________________________________________

GENERAL CABLE CORPORATION

(Exact name of registrant as specified in its charter)

_____________________________________________

Delaware	06-1398235
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
4 Tesseneer Drive Highland Heights, KY	41076-9753
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (859) 572-8000

_____________________________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

(Check one):

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

Class	Outstanding at October 27, 2014
Common Stock, $0.01 par value	48,670,829

GENERAL CABLE CORPORATION AND SUBSIDIARIES

INDEX TO QUARTERLY REPORT

ON FORM 10-Q

		PAGE
PART I	Financial Statements
Item 1.	Condensed Consolidated Financial Statements (Unaudited)
	Statements of Operations and Comprehensive Income (Loss)	3
	Balance Sheets	4
	Statements of Cash Flows	5
	Notes to Condensed Consolidated Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	45
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	60
Item 4.	Controls and Procedures	61
PART II	Other Information
Item 1.	Legal Proceedings	61
Item 1A.	Risk Factors	61
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	62
Item 6.	Exhibits	63
Signature		64
Exhibit Index		65

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PART I. FINANCIAL STATEMENTS

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

(in millions, except per share data) (unaudited)

	Three Fiscal Months Ended						Nine Fiscal Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
Net sales	$	1,471.7		$	1,557.1		$	4,433.1		$	4,759.9
Cost of sales	1,445.1			1,396.9			4,142.6			4,250.0
Gross profit	26.6			160.2			290.5			509.9
Selling, general and administrative expenses	101.9			117.3			338.2			363.4
Goodwill impairment charge	—			—			155.1			—
Intangible asset impairment charges	3.3			—			98.8			—
Operating income (loss)	(78.6		)	42.9			(301.6		)	146.5
Other income (expense)	(17.3		)	9.5			(111.4		)	(58.8		)
Interest income (expense):
Interest expense	(28.5		)	(30.6		)	(85.6		)	(90.7		)
Interest income	0.8			1.7			3.0			4.7
	(27.7		)	(28.9		)	(82.6		)	(86.0		)
Income (loss) before income taxes	(123.6		)	23.5			(495.6		)	1.7
Income tax (provision) benefit	4.5			(16.2		)	13.8			(29.9		)
Equity in net earnings of unconsolidated affiliated companies	0.3			0.9			0.9			1.5
Net income (loss) including non-controlling interest	(118.8		)	8.2			(480.9		)	(26.7		)
Less: preferred stock dividends	—			0.1			—			0.3
Less: net income (loss) attributable to non-controlling interest	5.4			2.4			(16.5		)	4.9
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	5.7		$	(464.4	)	$	(31.9	)
Earnings (loss) per share
Earnings (loss) per common share-basic	$	(2.55	)	$	0.11		$	(9.52	)	$	(0.64	)
Weighted average common shares-basic	48.7			49.2			48.8			49.5
Earnings (loss) per common share-assuming dilution	$	(2.55	)	$	0.11		$	(9.52	)	$	(0.64	)
Weighted average common shares-assuming dilution	48.7			50.7			48.8			49.5
Dividends per common share	$	0.18		$	0.18		$	0.54		$	0.36
Comprehensive income (loss):
Net income (loss)	$	(118.8	)	$	8.2		$	(480.9	)	$	(26.7	)
Currency translation gain (loss)	(56.1		)	14.5			(57.9		)	(28.8		)
Defined benefit plan adjustments, net of tax of $0.7 million and $3.3 million in the three and nine months ended September 26, 2014 and $0.8 million and $2.8 million in the three and nine months ended September 27, 2013	1.0			1.8			6.1			5.2
Change in fair value of derivatives, net of tax of $0.2 million and $0.6 million in the three and nine months ended September 27, 2013	—			(0.2		)	—			—
Comprehensive income (loss), net of tax	(173.9		)	24.3			(532.7		)	(50.3		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	3.9			5.5			(20.3		)	1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(177.8	)	$	18.8		$	(512.4	)	$	(51.3	)

See accompanying Notes to Condensed Consolidated Financial Statements.

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GENERAL CABLE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(in millions, except share data)

(unaudited)

	September 26, 2014			December 31, 2013
Assets
Current assets:
Cash and cash equivalents	$	272.4		$	418.8
Receivables, net of allowances of $36.5 million at September 26, 2014 and $39.2 million at December 31, 2013	1,187.5			1,171.7
Inventories	1,278.2			1,239.6
Deferred income taxes	44.8			50.2
Prepaid expenses and other	129.0			126.2
Total current assets	2,911.9			3,006.5
Property, plant and equipment, net	887.9			1,092.0
Deferred income taxes	17.8			15.8
Goodwill	27.0			184.6
Intangible assets, net	70.4			182.9
Unconsolidated affiliated companies	19.3			19.0
Other non-current assets	88.0			78.1
Total assets	$	4,022.3		$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	855.6		$	870.6
Accrued liabilities	403.2			434.9
Current portion of long-term debt	407.4			250.3
Total current liabilities	1,666.2			1,555.8
Long-term debt	1,116.4			1,136.6
Deferred income taxes	215.5			233.8
Other liabilities	213.6			255.9
Total liabilities	3,211.7			3,182.1
Commitments and contingencies
Redeemable non-controlling interest	16.3			17.0
Total equity:
Common stock, $0.01 par value, issued and outstanding shares:
September 26, 2014 – 48,670,009 (net of 10,139,959 treasury shares)
December 31, 2013 – 49,598,653 (net of 9,211,857 treasury shares)	0.6			0.6
Additional paid-in capital	707.5			699.6
Treasury stock	(185.4		)	(155.3		)
Retained earnings	356.4			847.4
Accumulated other comprehensive income (loss)	(160.1		)	(112.1		)
Total Company shareholders’ equity	719.0			1,280.2
Non-controlling interest	75.3			99.6
Total equity	794.3			1,379.8
Total liabilities, redeemable non-controlling interest and equity	$	4,022.3		$	4,578.9

See accompanying Notes to Condensed Consolidated Financial Statements.

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GENERAL CABLE CORPORATION AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(in millions) (unaudited)

	Nine Fiscal Months Ended
	September 26, 2014			September 27, 2013
Cash flows of operating activities:
Net income (loss) including non-controlling interest	$	(480.9	)	$	(26.7	)
Adjustments to reconcile net income (loss) to net cash flows of operating activities:
Depreciation and amortization	96.7			100.0
Amortization of restricted stock awards	0.9			0.6
Foreign currency exchange (gain) loss	106.1			55.2
Deferred income taxes	(13.2		)	4.0
Excess tax (benefits) deficiencies from stock-based compensation	0.6			(0.1		)
Goodwill impairment charge	155.1			—
Intangible asset impairment charges	98.8			—
Non-cash asset-related charges	124.5			14.0
Convertible debt instruments non-cash interest charges	1.3			17.4
(Gain) loss on disposal of property	2.7			2.8
Changes in operating assets and liabilities:
(Increase) decrease in receivables	(104.0		)	(91.0		)
(Increase) decrease in inventories	(81.7		)	(64.0		)
(Increase) decrease in other assets	3.5			(8.2		)
Increase (decrease) in accounts payable, accrued and other liabilities	11.5			(27.1		)
Net cash flows of operating activities	(78.1		)	(23.1		)
Cash flows of investing activities:
Capital expenditures	(68.2		)	(65.4		)
Proceeds from properties sold	5.4			0.4
Acquisitions, net of cash acquired	—			(6.9		)
Other	—			0.2
Net cash flows of investing activities	(62.8		)	(71.7		)
Cash flows of financing activities:
Dividends paid to shareholders	(26.6		)	(18.1		)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6		)	0.1
Proceeds from debt	1,764.6			850.9
Repayments of debt	(1,598.2		)	(779.5		)
Purchase of non-controlling interest	(0.3		)	(4.0		)
Dividends paid to non-controlling interest	(5.2		)	(3.2		)
Repurchase of common shares	(30.7		)	(19.5		)
Proceeds from exercise of stock options	0.2			0.6
Net cash flows of financing activities	103.2			27.3
Effect of exchange rate changes on cash and cash equivalents	(108.7		)	(21.7		)
Increase (decrease) in cash and cash equivalents	(146.4		)	(89.2		)
Cash and cash equivalents – beginning of period	418.8			622.3
Cash and cash equivalents – end of period	$	272.4		$	533.1
Supplemental Information
Cash paid during the period for:
Income tax payments, net of refunds	$	17.6		$	34.4
Interest paid	$	67.6		$	62.0
Non-cash investing and financing activities:
Capital expenditures included in accounts payable	$	17.0		$	13.9

See accompanying Notes to Condensed Consolidated Financial Statements.

5

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited)

1. Basis of Presentation and Principles of Consolidation

The accompanying unaudited Condensed Consolidated Financial Statements of General Cable Corporation and Subsidiaries (“General Cable” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Results of operations for the nine fiscal months ended September 26, 2014 are not necessarily indicative of results that may be expected for the full year. The December 31, 2013 Condensed Consolidated Balance Sheet amounts are derived from the audited financial statements. These financial statements should be read in conjunction with the audited financial statements and notes thereto in General Cable’s 2013 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 3, 2014. The Company’s fiscal quarters consist of 13-week periods ending on the Friday nearest to the end of the calendar months of March, June and September.

The Condensed Consolidated Financial Statements include the accounts of General Cable Corporation and its wholly-owned subsidiaries. Investments in 50% or less owned joint ventures in which the Company has the ability to exercise significant influence are accounted for under the equity method of accounting. All intercompany transactions and balances among the consolidated companies have been eliminated.

2. Accounting Standards

The Company’s significant accounting policies are described in Note 2 to the audited annual consolidated financial statements in the 2013 Annual Report on Form 10-K. In the nine months ended September 26, 2014, there have been no significant changes to these policies. In the nine months ended September 26, 2014, the following accounting pronouncements have been issued with respect to the Company:

In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity", which raises the threshold for determining which disposals are required to be presented as discontinued operations and modifies related disclosure requirements. The standard is applied prospectively and is effective in 2015 with early adoption permitted. The Company is currently assessing the potential impact that the adoption of this guidance will have on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. The Company will adopt the standard on January 1, 2017. The Company is evaluating the impact that the standard will have on its Consolidated Financial Statements.

In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period." This standard provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

3.    Restructuring

July 2014 restructuring program

In July 2014, the Company announced a comprehensive restructuring program. The restructuring program, which builds on the Company's previously launched productivity and asset optimization plans, is focused on the closure of certain underperforming assets as well as the consolidation and realignment of other facilities. The Company is also implementing initiatives to reduce selling, general and administrative ("SG&A") expenses globally.

The Company expects to incur approximately $200 million in before-tax restructuring charges. The expected costs are $13 million in the North America segment, $118 million in the Europe and Mediterranean segment, and $69 million in the Rest of World ("ROW") segment. As of September 26, 2014, aggregate costs incurred are $3.6 million in the North America segment, $105.7 million in the Europe and Mediterranean segment, and $37.0 million in the ROW segment. For the three and nine months ended September 26, 2014, the Company incurred charges of $119.6 million and $146.3 million, respectively. In the three and nine

6

months ended September 26, 2014, costs incurred were $0.4 million and $3.6 million in the North America segment, $105.7 million and $105.7 million in the Europe and Mediterranean segment, and $13.5 million and $37.0 million in the ROW segment, respectively. For the three and nine months ended September 26, 2014, approximately $109.9 million and $136.6 million of these charges were recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss), respectively. For the three and nine months ended September 26, 2014, approximately $9.7 million of these charges were recorded as SG&A expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Restructuring costs incurred consist primarily of employee separation costs and asset-related costs to exit or realign facilities. The Company is also incurring other costs as outlined below. Changes in the restructuring reserve and activity for the nine months ended September 26, 2014 are below (in millions):

	Employee Separation Costs			Asset-Related Costs			Other Costs			Total
Total expected restructuring charges	$	40.0		$	130.0		$	30.0		$	200.0
Balance, December 31, 2013	$	—		$	—		$	—		$	—
Net provisions	29.0			109.2			8.1			146.3
Net benefits charged against the assets	—			(109.2		)	(7.7		)	(116.9		)
Payments	(0.4		)	—			(0.1		)	(0.5		)
Foreign currency translation	—			—			—			—
Balance, September 26, 2014	$	28.6		$	—		$	0.3		$	28.9
Remaining expected restructuring charges	$	11.0		$	20.8		$	21.9		$	53.7

Employee Separation Costs

The Company recorded employee separation costs of $29.0 million in the three and nine months ended September 26, 2014. The employee separation charges were $0.4 million in North America, $27.7 million in Europe and $0.9 million in ROW in the three and nine months ended September 26, 2014, respectively.

Employee separation costs include severance, retention bonuses and pension costs. As of September 26, 2014, employee separation costs included severance charges for approximately 550 employees; approximately 430 of these employees were classified as manufacturing employees and approximately120 of these employees were classified as non-manufacturing employees. The charges relate to involuntary separations and the amounts are based on current salary levels and past service periods and are either considered one-time employee termination benefits in accordance with ASC 420 - Exit or Disposal Cost Obligations or as charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits.

Asset-Related Costs

The Company recorded asset-related costs of $85.8 million and $109.2 million, respectively, in the three and nine months ended September 26, 2014. The long-lived asset impairment charges were $0.0 million and $3.2 million in North America, $77.6 million and $77.6 million in Europe and $8.2 million and $28.4 million in ROW in the three and nine months ended September 26, 2014, respectively.

Asset-related costs consist of both asset write-downs and accelerated depreciation. Asset write-downs relate to the establishment of a new fair value basis for assets to be classified as held-for-sale or to be disposed of, as well as asset impairment charges for asset groups to be held-and-used in locations which are being restructured and it has been determined the undiscounted cash flows expected to result from the use and eventual disposition of the assets exceed their carrying value. Charges for accelerated depreciation relate to long-lived assets that will be taken out of service prior to the end of their normal service period. Management will continue to evaluate the recoverability of the carrying amount of its long-lived assets as the global restructuring program is executed.

To determine the fair value, a current appraisal of each impaired asset groups' machinery and equipment and real property, as applicable, was performed utilizing standard valuation approaches, which incorporate Level 3 inputs. The Company assesses impairment at the asset group level which represents the lowest level for which identifiable cash flows can be determined independent of other groups of assets and liabilities. The asset groups at the Company are primarily each manufacturing unit, unless the cash flows of the manufacturing unit are not independent due to shared production, distribution and sale of the finished product. The Company considered the expected net cash flows to be generated by the use of each asset group, as well as the expected cash proceeds from the disposition of the assets, if any, to determine fair value. The impairment charges were recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

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The Company notes the plan to abandon a long-lived asset before the end of its previously estimated useful life is a change in accounting estimate per ASC 250 - Accounting Changes and Error Corrections. The annual depreciation impact from the asset write-downs and changes in estimated useful lives is immaterial.

Other Costs

The Company recorded other restructuring-type charges of $4.8 million and $8.1 million, respectively, in the three and nine months ended September 26, 2014. The other restructuring-type charges were $0.0 million and $0.0 million in North America, $0.4 million and $0.4 million in Europe and $4.4 million and $7.7 million in ROW in the three and nine months ended September 26, 2014, respectively.

Other restructuring-type charges are incurred as a direct result of the restructuring program. Such charges primarily include working capital write-downs not associated with normal operations, equipment relocation, termination of contracts and other immaterial costs.

February 2014 restructuring program

In February 2014, as part of the Company's productivity and asset optimization plans, the Company announced the permanent closure of two manufacturing facilities in the electric utility business in North America. The Company expected to incur $10.0 million to $12.0 million, half of which was expected to be non-cash, in pre-tax costs in 2014 related to the closure of these two manufacturing facilities. In the nine months ended September 26, 2014, the Company incurred charges of $8.4 million related to these closures and other cost reductions. The total employee separation costs were $5.5 million, asset related costs were $1.6 million and other costs were $1.3 million in the nine months ended September 26, 2014. The accrual balances related to these activities are immaterial at September 26, 2014.

4. Other Income (Expense)

Other income (expense) includes foreign currency transaction gains or losses, which result from changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated as well as gains and losses on derivative instruments that are not designated as cash flow hedges. During the three months ended September 26, 2014 and September 27, 2013, the Company recorded other expense of $17.3 million and other income of $9.5 million, respectively. During the nine months ended September 26, 2014 and September 27, 2013, the Company recorded other expense of $111.4 million and $58.8 million, respectively. For the three months ended September 26, 2014, other expense was primarily attributable to $19.8 million related to foreign currency transaction losses, of which $14.1 million was related to the remeasurement of the local balance sheet in Venezuela as the SICAD I rate depreciated during the third quarter, partially offset by $6.0 million related to gains on derivative instruments that were not designated as cash flow hedges. For the three months ended September 27, 2013, other income was primarily attributable to $2.9 million related to gains on derivative instruments that were not designated as cash flow hedges and other income of $6.6 million related to foreign currency transactions which included $4.3 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to the currency devaluation on February 13, 2013 (described in Note 22 - Venezuelan Operations) and settled in the second quarter of 2013. For the nine months ended September 26, 2014, other expense was primarily attributable to $83.1 million related to the Venezuela currency devaluation in the first quarter, $4.7 million related to losses on derivative instruments that were not designated as cash flow hedges and other expense of $20.1 million related to foreign currency transaction losses, of which $11.6 million was related to the remeasurement of the local balance sheet in Venezuela as the SICAD I rate depreciated from the first quarter of 2014. For the nine months ended September 27, 2013, other expense was primarily attributable to $40.9 million related to the Venezuela currency devaluation, $17.5 million related to losses on derivative instruments that were not designated as cash flow hedges and other expense of $1.4 million related to foreign currency transaction losses which included $16.0 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to the currency devaluation on February 13, 2013.

Refer to Note 22 - Venezuelan Operations for more information related to recent developments regarding the Company's Venezuelan operations.

5.    Inventories

Approximately 86% of the Company’s inventories are valued using the average cost method and all remaining inventories are valued using the first-in, first-out (FIFO) method. During the nine months ended September 26, 2014, the Venezuelan entity recorded $8.8 million of lower of cost or market charges that were recognized within the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). These charges are due to translation of local sales results at the SICAD 1 rate, approximately 10 BsF to 12 BsF per U.S. Dollar, and sales price caps under the new price controls law while the Company's cost for the copper component of its inventory is based on copper purchases at the official rate of 6.30

8

BsF per U.S. dollar. Therefore, management reduced Venezuela's inventory value to expected sales price (market value), which was lower than the recorded cost basis. In the three months ended September 26, 2014, the Venezuelan entity did not record a lower of cost or market charge. Refer to Note 22 - Venezuelan Operations for the recent developments at the Venezuelan entity.

At September 26, 2014, all inventories are stated at the lower of cost or market.

(in millions)	September 26, 2014		December 31, 2013
Raw materials	$	316.5	$	319.1
Work in process	202.1		190.1
Finished goods	759.6		730.4
Total	$	1,278.2	$	1,239.6

6.    Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation. Costs assigned to property, plant and equipment related to acquisitions are based on estimated fair values on the acquisition date. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets: buildings, from 15 to 50 years, and machinery, equipment and office furnishings, from 2 to 20 years. Leasehold improvements are depreciated over the shorter of the lease term or the useful life of the asset, unless acquired in a business combination, in which case the leasehold improvements are amortized over the shorter of the useful life of the asset or a term that includes the reasonably assured life of the lease.

Property, plant and equipment consisted of the following (in millions):

	September 26, 2014			December 31, 2013
Land	$	102.5		$	120.8
Buildings and leasehold improvements	316.2			372.6
Machinery, equipment and office furnishings	969.2			1,290.6
Construction in progress	60.2			46.3
Total gross book value	1,448.1			1,830.3
Less accumulated depreciation	(560.2		)	(738.3		)
Total net book value	$	887.9		$	1,092.0

Depreciation expense for the three and nine fiscal months ended September 26, 2014 was $27.5 million and $85.4 million, respectively. Depreciation expense for the three and nine fiscal months ended September 27, 2013 was $30.3 million and $89.6 million, respectively.

The Company periodically evaluates the recoverability of the carrying amount of long-lived assets (including property, plant and equipment and intangible assets with determinable lives) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. The Company evaluates events or changes in circumstances based mostly on actual historical operating results, but business plans, forecasts, general and industry trends, and anticipated cash flows are also considered. Impairment is assessed when the undiscounted expected future cash flows derived from asset groups are less than its carrying amount. Impairment losses are measured as the amount by which the carrying value of asset groups exceeds its fair value and are recognized in earnings. The Company also continually evaluates the estimated useful lives of all long-lived assets and, when warranted, revises such estimates based on current events.

Third Quarter 2014 Brazil Rod Mill Asset Impairment

The Brazil rod mill results are reported within the ROW reportable segment. In the three months ended September 26, 2014, the Company announced its intent to shut down the Brazil rod mill due to changes in the supply market. The change in the supply market was deemed a significant adverse change in the manner in which the Brazil rod mill will operate resulting in a change in the defined asset group. The asset group was deemed impaired as it no longer provides future benefits to the Company. To determine the fair value, the Company considered the expected net cash flows to be generated by the assets through the closure date, as well as the expected cash proceeds from the disposition of the assets utilizing standard valuation approaches, which incorporate Level 3 inputs. Based on the results of the analysis, the Company recorded an impairment charge of $13.1 million in the three and nine

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months ended September 26, 2014.  The impairment charge was recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

Third Quarter 2013 Mexico Asset Impairment

In three months ended September 27, 2013, the Company’s executive management decided to no longer import building wire product into the United States manufactured in its Mexico unit ("Mexico"). This change is considered significant to the Mexican operation due to the associated revenue, profit and the influence on the overall results in Mexico from this United States business. This change coupled with pricing pressures in the Mexico market and a history of losses caused the Company to perform an asset impairment analysis of its Mexican business in accordance with ASC 360 “Property, Plant and Equipment”.

The Mexico results are reported within the ROW reporting segment. The Mexico operations and assets include machinery and equipment which manufactures power cables, building wire and telephone cables. These three product lines have a significant amount of shared costs including advertising, sales force, data processing, accounting, and general management. The Company manages its business at a total Mexico level and has similar distribution methods. Therefore, based on the reporting structure, the lowest level of which identifiable cash flows that can be determined is the Mexico unit.

The Company developed its internal forward business plans and 2014 outlook under the guidance of new local and regional leadership to determine the undiscounted expected future cash flows derived from the Mexican long lived assets. Based on the internal projections developed by executive management, the Company determined that the undiscounted expected future cash flows were less than the carrying value of the assets. To determine the fair value, a current appraisal of the Mexico machinery and equipment and real property assets was performed utilizing standard valuation approaches.  Based on the results of the analysis, the Company recorded an impairment charge of $14.0 million in the three and nine months ended September 27, 2013.  The impairment charge was recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

7.    Goodwill and Other Intangible Assets

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. If the carrying amount of goodwill or an intangible asset with an indefinite life exceeds its fair value, an impairment loss would be recognized in the amount equal to the excess. In the first quarter of 2014, the Company determined that for goodwill and certain intangible assets related to the 2007 acquisition of Phelps Dodge International Corporation, the carrying value exceeded the fair value and an impairment charge was recorded which is described below.

The amounts of goodwill and indefinite-lived intangible assets were as follows (millions of dollars):

	Goodwill												Indefinite-Lived Assets – Trade Names
	North America			Europe and Mediterranean			ROW			Total			North America			Europe and Mediterranean			ROW			Total
Balance, December 31, 2013	$	17.6		$	2.0		$	165.0		$	184.6		$	2.4		$	0.5		$	127.9		$	130.8
Currency translation and other adjustments (1)	(0.5		)	(0.1		)	(2.5		)	(3.1		)	—			(0.1		)	(34.8		)	(34.9		)
Goodwill and indefinite-lived asset impairment(2)	—			—			(154.5		)	(154.5		)	(2.1		)	—			(93.1		)	(95.2		)
Balance, September 26, 2014	$	17.1		$	1.9		$	8.0		$	27.0		$	0.3		$	0.4		$	—		$	0.7

(1) $32.2 million of the currency translation and other adjustment related to the indefinite-lived assets in the ROW operating segment includes a reclassification of the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years.

(2) The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

At September 26, 2014, the total accumulated goodwill impairment charge was $154.5 million prior to foreign currency translation adjustments, all within the ROW segment. At September 26, 2014, the total accumulated indefinite-lived asset trade name impairment loss was $93.1 million in the ROW segment, prior to foreign currency translation adjustments and $2.1 million was recorded within the North America segment.

The amounts of other intangible assets were as follows (millions of dollars):

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	September 26, 2014			December 31, 2013
Amortized intangible assets:
Amortized intangible assets	$	168.4		$	139.5
Accumulated amortization	(96.3		)	(85.8		)
Foreign currency translation adjustment	(2.4		)	(1.6		)
Amortized intangible assets, net	$	69.7		$	52.1

Amortized intangible assets are stated at cost less accumulated amortization as of September 26, 2014 and December 31, 2013. Other intangible assets have been determined to have a useful life in the range of 7 to 12 years. The approximate weighted average useful life of the amortized intangible assets is 10 years. For customer relationships, the Company has accelerated the amortization expense to align with the historical customer attrition rates. The amortization of intangible assets for the nine months ended September 26, 2014 and September 27, 2013 was $10.5 million and $9.3 million, respectively. The estimated amortization expense during the twelve month periods beginning September 26, 2014 through September 27, 2019 and thereafter, based on exchange rates as of September 26, 2014, is $12.6 million, $11.5 million, $9.9 million, $7.1 million, $6.3 million and $22.3 million thereafter.

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. The Company completes its annual impairment test during the fourth quarter of each year. In addition, the Company evaluates the carrying amount between such annual valuations if events occur or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Events or circumstances may include, but are not limited to, a significant change in legal factors or in the business climate, adverse action or assessment by a regulator, unanticipated competition, loss of key personnel, possible sale or disposal of a reporting unit or a significant portion of a reporting unit, significant changes in financial projections or significant changes in the market capitalization. At October 31, 2013 and December 31, 2013, the estimated fair value of the goodwill at our PDIC reporting unit and the indefinite-lived intangible assets exceeded their corresponding carrying amount including recorded goodwill; however, in the first quarter of 2014 the following events changed which reduced the fair value of the PDIC reporting unit:

• Except certain cost of sales related to copper inventory, all of the BsF denominated revenues and expenses for future periods reflected remeasurement using the SICAD 1 rate versus the prior official rate of 6.30 BsF per U.S. dollar. Due to the changes in the currency exchange system and the rate used to remeasure the financial statements of the Venezuelan entity, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional information.

• In the first quarter of 2014, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Company experienced a significant decline in its stock price, resulting in the Company’s market capitalization falling below its book value.

Based upon the combination of the above factors, the Company concluded that goodwill impairment indicators existed as of March 28, 2014. As a result, the Company performed an interim goodwill impairment analysis as of March 28, 2014. The Company engaged an outside valuation firm to assist in valuing the Company’s reporting unit and preparing the goodwill impairment analysis. To determine the fair value of the reporting unit (Level 3), the Company employed an income and market-based approach with each being weighted equally. Under the income approach, the Company used a discounted cash flow method to calculate the fair value based on the present value of estimated future cash flows. Assumptions used in the discounted cash flow method, such as forecasted operating results, expected growth rates, working capital needs, tax rates, and cost of capital, were based on the then current market conditions and were consistent with internal management projections. The cost of capital rate selected was based on consideration of the risks inherent in the investment and market rates of return available from alternative investments of similar type and quality as of the valuation date. The guideline public company method was used for the market approach. The approach provided an estimate of value using multiples of earnings derived from the market values of publicly traded companies in the wire and cable industry. In addition to the selection of guideline companies, the market approach included an analysis of the Company’s financial and operating performance risk, profitability, and growth as compared to the reporting unit.

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The Company performed the first step (“Step 1”) of the goodwill impairment assessment at March 28, 2014. In Step 1 of the goodwill impairment test, the Company compared the fair value of the reporting unit, the entities purchased in the October 31, 2007 PDIC acquisition, to its carrying amount, including goodwill of $154.5 million. Based on the results of the valuation, the carrying amount of the reporting unit exceeded the fair value. Based on the results of Step 1 of the impairment analysis and the preliminary results of Step 2, the Company believed that an impairment loss was probable and based on a preliminary estimate, after consultation with a third party valuation specialist, the Company recognized an impairment charge equal to the total recorded PDIC goodwill of $155.1 million in the ROW operating segment. The impairment charge was recorded in the goodwill impairment charge caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

In the second quarter of 2014, the Company completed Step 2 of the goodwill impairment test ("Step 2") to determine if any adjustment to the goodwill impairment charge was required. The Step 2 analysis required the Company to perform a theoretical purchase price allocation for the reporting unit to determine the implied fair value of goodwill and to compare the implied fair value of goodwill to the recorded amount of goodwill. Based on the analysis, no modification of the initial impairment estimate was required in the second quarter of 2014.

Based on the decrease of our cash flow projections for the PDIC reporting unit, the Company also completed an impairment test for the trade name in the first quarter of 2014. The fair value of the trade name is based on the discounted cash flows the trade name can be expected to generate in the future. Based on the results of the valuation, the carrying amount of the trade name exceeded the fair value. The impairment valuation resulted in a $93.4 million impairment charge in the first quarter related to the trade name in the ROW operating segment. The impairment charge was recorded in the indefinite-lived intangible asset impairment charge caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). In the second quarter of 2014 in connection with the completion of the above mentioned Step 2 analysis, the Company reassessed the remaining life of the PDIC trade name and concluded it was no longer indefinite. In the second quarter, the Company reclassified the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years based on increased political and economic instability in countries in which the trade name is utilized.

8.Accrued Liabilities

Warranty Accrual

The warranty accrual balance at September 26, 2014 and December 31, 2013 was $11.5 million and $14.1 million, respectively. The Company accrues liabilities under service and warranty policies based upon specific claims and a review of historical warranty and service claims experience. Adjustments are made to the accruals as claims data and historical experience change. In addition, the Company incurs discretionary costs to service its products in connection with product performance issues.

Changes in the carrying amount of the service and product warranty accrual are below (in millions):

Balance, December 31, 2013	$	14.1
Net provisions for warranties issued	4.3
Payments and other related to the warranty accrual	(6.1		)
Foreign currency translation	(0.8		)
Balance, September 26, 2014	$	11.5

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9. Long-Term Debt

(in millions)	September 26, 2014			December 31, 2013
North America
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(260.2		)	(261.5		)
Senior Floating Rate Notes due 2015	125.0			125.0
Revolving Credit Facility	245.1			225.0
Other	9.0			9.0
Europe and Mediterranean
Revolving Credit Facility	74.8			—
Other Credit Facilities	6.1			17.0
Other	7.6			10.3
Rest of World (“ROW”)
Credit facilities	286.9			232.6
Total debt	1,523.8			1,386.9
Less current maturities	407.4			250.3
Long-term debt	$	1,116.4		$	1,136.6

At September 26, 2014, maturities of long-term debt during the twelve month periods beginning September 26, 2014 through September 27, 2019 and thereafter are $407.4 million, $11.1 million, $2.7 million, $320.9 million and $0.9 million, respectively, and $780.8 million thereafter.

The fair value of the Company's long-term debt, as noted below, was estimated using quoted market prices where available. For long-term debt not actively traded, fair values were based on valuations from third-party banks and market quotations for similar types of borrowing arrangements.  

5.75% Senior Notes due 2022

The Company's 5.75% Senior Notes are summarized in the table below:

	5.75% Senior Notes
(in millions)	September 26, 2014			December 31, 2013
Face Value	$	600.0		$	600.0
Fair Value (Level 2)	570.0			588.0
Interest Rate	5.75		%	5.75		%
Interest Payment	Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022
Guarantee	Jointly and severally guaranteed by the Company's wholly owned U.S. subsidiaries

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875%
	October 1, 2018	101.917%
	October 1, 2019	100.958%
	October 1, 2020 and thereafter	100.000%

(1) The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after

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giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

The 5.75% Senior Notes' indenture contains covenants that limit the ability of the Company and certain of its subsidiaries to (i) incur additional indebtedness and guarantee indebtedness; (ii) pay dividends or make other distributions or repurchase or redeem their capital stock; (iii) purchase, redeem or retire debt; (iv) issue certain preferred stock or similar equity securities; (v) make loans and investments; (vi) sell assets; (vii) incur liens; (viii) enter into transactions with affiliates; (ix) enter into agreements restricting the Company's subsidiaries' ability to pay dividends; and (x) consolidate, merge or sell all or substantially all assets. However, these covenants are subject to exceptions and qualifications.

The 5.75% Senior Notes may also be repurchased at the option of the holders in connection with a change of control (as defined in the indenture governing the 5.75% Senior Notes) or in connection with certain asset sales.

Subordinated Convertible Notes due 2029

The Company’s convertible debt instruments outstanding as of September 26, 2014 and December 31, 2013 were as follows:

	Subordinated Convertible Notes
(in millions)	September 26, 2014			December 31, 2013
Face value	$	429.5		$	429.5
Debt discount	(260.2		)	(261.5		)
Book value	169.3			168.0
Fair value (Level 1)	313.1			462.8
Maturity date	Nov 2029
Stated annual interest rate	4.50% until Nov 2019 2.25% until Nov 2029
Interest payments	Semi-annually: May 15 & Nov 15

Senior Floating Rate Notes

The Company’s Senior Floating Rate Notes outstanding as of September 26, 2014 and December 31, 2013 were as follows:

	Senior Floating Rate Notes
(in millions)	September 26, 2014			December 31, 2013
Face value	$	125.0		$	125.0
Fair value (Level 1)	125.0			124.1
Interest rate	2.6		%	2.6		%
Interest payment	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	Apr 2015

Guarantee Jointly and severally guaranteed by the Company’s wholly-owned U.S. subsidiaries

The Company may, at its option, redeem the Senior Floating Rate Notes, in whole or in part, at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest and unpaid interest. The Senior Floating Rate Notes may also be repurchased at the option of the holders in connection with a change of control (as determined in the indenture governing the Senior Floating Rate Notes) or in connection with certain asset sales.

Asset-Based Revolving Credit Facility (“Revolving Credit Facility”)

On July 21, 2011, the Company entered into a $400 million Revolving Credit Facility, which was first amended in 2012 to increase the facility size to $700 million and then subsequently amended and restated on September 6, 2013 and further amended on October 22, 2013, May 20, 2014, September 23, 2014 and October 28, 2014, to, among other things, increase the Revolving Credit Facility to $1.0 billion, $630 million of which may be borrowed by the U.S. borrower, $300 million of which may be borrowed by the European borrowers and $70 million of which may be borrowed by the Canadian borrower. The Revolving Credit Facility contains

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restrictions including limitations on, among other things, distributions and dividends, acquisitions and investments, indebtedness, liens and affiliate transactions. The Revolving Credit Facility provides the Company with flexibility and the restrictions in the Revolving Credit Facility generally only apply in the event that the Company's availability under the Revolving Credit Facility falls below certain specific thresholds.

The Revolving Credit Facility has a maturity date of September 6, 2018. The maturity date of the Revolving Credit Facility will automatically become due December 31, 2014, if the Company's Senior Floating Rate Notes are not refinanced with indebtedness that matures or is mandatorily redeemable or is redeemable at the option of the holders thereof not earlier than the date that is 6 months after September 6, 2018 unless, if such notes are not refinanced, there is at least $100 million of availability under the Revolving Credit Facility and the fixed charge coverage ratio (as defined in the Revolving Credit Facility) is not less than 1.15 to 1.00, in each case after giving pro forma effect to the repayment of such notes. The commitment amount under the Revolving Credit Facility may be increased by an additional $250 million, subject to certain conditions and approvals as set forth in the Revolving Credit Facility. The Company capitalized $4.9 million in 2013, $2.3 million in 2012 and $4.8 million in 2011 in deferred financing costs in connection with the Revolving Credit Facility. The Revolving Credit Facility requires maintenance of a minimum fixed charge coverage ratio of 1.00 to 1.00 if availability under the Revolving Credit Facility is less than the greater of $100 million or 10% of the then existing aggregate lender commitment under the Revolving Credit Facility. The fair value of the Revolving Credit Facility approximates the carrying value.

The Company’s Revolving Credit Facility is summarized in the table below:

	Revolving Credit Facility
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	319.9		$	225.0
Total credit under facility	1,000.0			1,000.0
Undrawn availability(1)	412.1			298.4
Interest rate	2.2		%	2.0		%
Outstanding letters of credit	$	29.6		$	112.7
Original issuance	July 2011
Maturity date	Sept 2018

(1) Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at September 26, 2014 is $263.9 million, $69.6 million and $78.6 million, respectively. Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 was $102.1 million, $53.1 million and $143.2 million, respectively.

Europe and Mediterranean Credit Facilities

The Company’s Europe and Mediterranean credit facilities are summarized in the table below:

	Europe and Mediterranean Credit Facilities
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	6.1		$	17.0
Undrawn availability	36.6			48.8
Interest rate – weighted average	7.0		%	6.7		%
Maturity date	Various; all due within 1 year

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ROW Credit Facilities

The Company’s ROW credit facilities are summarized in the table below:

	ROW Credit Facilities
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	286.9		$	232.6
Undrawn availability	238.1			302.2
Interest rate – weighted average	6.0		%	4.6		%
Maturity date	Various; $275.1 million due within 1 year

The Company’s ROW credit facilities are short term loans utilized for working capital purposes. The fair value of the ROW credit facilities approximates the carrying value due to the short term nature of the facilities.

10. Financial Instruments

The Company is exposed to various market risks, including changes in interest rates, foreign currency and raw material (commodity) prices. To manage risks associated with the volatility of these natural business exposures, the Company enters into interest rate, commodity and foreign currency derivative agreements, as well as copper and aluminum forward pricing agreements. The Company does not purchase or sell derivative instruments for trading purposes. The Company does not engage in derivative contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques.

As of September 26, 2014 and December 31, 2013, there were no outstanding interest rate swaps. In the nine months ended September 27, 2013, the Company utilized interest rate swaps to manage its interest expense exposure by fixing its interest rate on a portion of the Company’s floating rate debt. The Company did not provide or receive any collateral specifically for these contracts.

The Company enters into commodity instruments to hedge the purchase of copper, aluminum and lead in future periods and foreign currency exchange contracts principally to hedge the currency fluctuations in certain transactions denominated in foreign currencies, thereby reducing the Company’s risk that would otherwise result from changes in exchange rates. Principal transactions hedged during the year were firm sales and purchase commitments. The fair value of foreign currency contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices.

As of September 26, 2014 and December 31, 2013, there were no derivatives that were designated as cash flow hedges. In the three months ended September 27, 2013, the Company had no commodity instruments and foreign currency exchange contracts accounted for as cash flow hedges. In the nine months ended September 27, 2013, the Company accounted for certain commodity instruments and foreign currency exchange contracts as cash flow or economic hedges. Changes in the fair value of derivatives that are designated as cash flow hedges are recorded in other comprehensive income and reclassified to the income statement when the effects of the items being hedged are realized. Changes in the fair value of economic hedges are recognized in current period earnings.

Fair Value of Derivatives Instruments

The notional amounts and fair values of derivatives not designated as cash flow hedges at September 26, 2014 and December 31, 2013 are shown below (in millions).

	September 26, 2014						December 31, 2013
	Notional Amount		Fair Value				Notional Amount		Fair Value
			Asset (1)		Liability (2)				Asset (1)		Liability (2)
Derivatives not designated as cash flow hedges:
Commodity futures	$	114.5	$	2.6	$	1.6	$	173.7	$	1.2	$	7.6
Foreign currency exchange	165.9		2.8		4.3		223.2		6.0		1.7
			$	5.4	$	5.9			$	7.2	$	9.3

(1) Balance recorded in “Prepaid expenses and other” and “Other non-current assets”

(2) Balance recorded in “Accrued liabilities” and “Other liabilities”

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As of September 26, 2014 and December 31, 2013, all financial instruments held by the Company were subject to enforceable master netting arrangements held by various financial institutions. In general, the terms of our agreements provide that in the event of an early termination the counterparties have the right to offset amounts owed or owing under that and any other agreement with the same counterparty.  The Company's accounting policy is to not offset these positions in the Condensed Consolidated Balance Sheets.  As of September 26, 2014 and December 31, 2013, the net positions of the enforceable master netting agreements are not significantly different from the gross positions noted in the table above. Depending on the extent of an unrealized loss position on a derivative contract held by the Company, certain counterparties may require collateral to secure the Company's derivative contract position. As of September 26, 2014 and December 31, 2013, there were no contracts held by the Company that required collateral to secure the Company's derivative positions.

For the derivative instruments that were designated and qualified as cash flow hedges in the nine months ended September 27, 2013, unrealized gains and losses on the derivative were reported as a component of accumulated other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings, which generally occured over periods of less than one year. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness were recognized in current earnings. For the three months ended September 27, 2013, the Company had no commodity instruments or foreign currency exchange contracts that were accounted for as cash flow hedges.

	Nine Fiscal Months Ended September 27, 2013
(in millions)	Amount of Comprehensive Income (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)			Amount of Gain (Loss) Reclassified from Accumulated  OCI into Income			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.1		$	(0.1	)	Interest expense
Commodity futures	(1.3		)	(1.9		)	Cost of sales
	$	(1.2	)	$	(2.0	)

For derivative instruments that are not designated as cash flow hedges, the unrealized gain or loss on the derivatives is reported in current earnings. For the three fiscal months ended September 26, 2014 and September 27, 2013, the Company recorded a gain of $6.0 million and a gain of $2.9 million, respectively, for derivative instruments not designated as cash flow hedges in other income (expense). For the nine fiscal months ended September 26, 2014 and September 27, 2013, the Company recorded a loss of $4.7 million and $17.5 million, respectively, for derivative instruments not designated as cash flow hedges in other income (expense).

Other Forward Pricing Agreements

In the normal course of business, the Company enters into forward pricing agreements for the purchase of copper and aluminum for delivery in a future month to match certain sales transactions. The Company accounts for these forward pricing arrangements under the “normal purchases and normal sales” scope exception because these arrangements are for purchases of copper and aluminum that will be delivered in quantities expected to be used by the Company over a reasonable period of time in the normal course of business. For these arrangements, it is probable at the inception and throughout the life of the arrangements that the arrangements will not settle net and will result in physical delivery of the inventory. At September 26, 2014 and December 31, 2013, the Company had $26.6 million and $10.1 million, respectively, of future copper and aluminum purchases that were under forward pricing agreements. At September 26, 2014 and December 31, 2013, the fair value of these arrangements was $25.4 million and $10.6 million, respectively, and the Company had an unrealized loss of $1.2 million and an unrealized gain of $0.5 million, respectively, related to these transactions. The Company expects the unrealized gains under these agreements to offset firm sales price commitments with customers. Depending on the extent of the unrealized loss position on certain forward pricing agreements, certain counterparties may require collateral to secure the Company’s forward purchase agreements. There were no funds posted as collateral as of September 26, 2014 or December 31, 2013.

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11. Income Taxes

The Company’s effective tax rate for the three months endedSeptember 26, 2014 and September 27, 2013 was 3.6% and 68.9% respectively. The low effective tax rate for the three months endedSeptember 26, 2014 was primarily due to the combined impact of no tax benefits being available for the $14.1 million Venezuelan currency revaluation loss, recording a relatively small $2.3 million tax benefit on $119.6 million of asset-related costs and restructuring charges, and the impact of full year forecasted operational losses incurred in jurisdictions where valuation allowances are recorded against net deferred tax assets.  These unfavorable effective tax rate drivers were partially offset by an $8.0 million income tax benefit associated with uncertain tax position reserve releases during the three months endedSeptember 26, 2014. The effective tax rate for the three months endedSeptember 27, 2013 was negatively influenced by the impact of recording no tax benefit on full year forecasted losses in jurisdictions where valuation allowances were recorded against deferred tax assets. 

The Company’s effective tax rate for the nine months endedSeptember 26, 2014 and September 27, 2013 was 2.8% and 1,758.8% respectively. The low effective tax rate on the pre-tax loss for the nine months endedSeptember 26, 2014 was primarily due to a relatively small income tax benefit recorded on the significant pre-tax charges related to asset impairments, restructuring charges, Venezuela currency devaluation loss, and other operational losses incurred in jurisdictions where valuation allowances are recorded against net deferred tax assets.  In the first quarter, a $19.9 million income tax benefit was recognized due to the reversal of deferred tax liabilities associated with the $93.4 million PDIC trade name impairment charge, a $0.1 million income tax benefit was recognized on the $155.1 million PDIC goodwill impairment charge, no income tax benefit was recognized on the $8.8 million Venezuela lower of cost or market inventory charge, and no income tax benefit was recognized related to the $83.1 million Venezuelan currency devaluation charge. In the second and third quarters, a $2.8 million income tax benefit was recorded on $146.3 million of asset-related costs and restructuring charges and no tax benefit was recognized related to the $11.6 million of net Venezuelan currency revaluation losses. These unfavorable effective tax rate drivers were partially offset by $14.7 million of uncertain tax position reserve releases recorded in nine months endedSeptember 26, 2014. The extremely high effective tax rate on the pre-tax income for the nine months endedSeptember 27, 2013 reflects the combined impact of the small $1.7 million pre-tax income, no tax benefit on the Venezuelan currency devaluation loss, the greater mix of earnings in high tax jurisdictions, and the impact of full year forecasted losses in jurisdictions where valuation allowances were recorded against deferred tax assets.

During the third quarter of 2014, the Company accrued approximately $1.3 million of income tax expense for uncertain tax positions likely to be taken in the current year and for interest and penalties on tax positions taken in prior periods, all of which would have a favorable impact on the effective tax rate, if recognized. In addition, $8 million of income tax benefits were recognized due to statute of limitation expirations associated with various uncertain tax positions.

The Company files income tax returns in numerous tax jurisdictions around the world. Due to uncertainties regarding the timing and outcome of various tax audits, appeals and settlements, it is difficult to reliably estimate the amount of unrecognized tax benefits that could change within the next twelve months. The Company believes it is reasonably possible that approximately $9 million of unrecognized tax benefits could change within the next twelve months due to the resolution of tax audits and statute of limitations expiration.

The Internal Revenue Service ("IRS") currently is in the process of examining the Company's 2012 consolidated income tax return.  The IRS completed its examination of the Company's 2007 through 2010 consolidated income tax returns in the second quarter of 2013 with insignificant tax adjustments.  With limited exceptions, tax years prior to 2009 are no longer open in major foreign, state, or local tax jurisdictions.

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12. Employee Benefit Plans

The Company provides retirement benefits through contributory and noncontributory qualified and non-qualified defined benefit pension plans covering eligible domestic and international employees as well as through defined contribution plans and other postretirement benefits.

The components of net periodic benefit cost for pension benefits were as follows (in millions):

	Three Fiscal Months Ended
	September 26, 2014						September 27, 2013
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Service cost	$	0.5		$	1.4		$	0.5		$	1.6
Interest cost	2.0			1.5			1.8			1.4
Expected return on plan assets	(2.6		)	(0.8		)	(2.3		)	(0.5		)
Amortization of prior service cost	—			0.3			—			0.4
Amortization of net loss	1.2			0.1			2.0			0.2
Net pension expense	$	1.1		$	2.5		$	2.0		$	3.1

	Nine Fiscal Months Ended
	September 26, 2014						September 27, 2013
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Service cost	$	1.5		$	4.2		$	1.4		$	5.0
Interest cost	6.0			4.8			5.4			4.2
Expected return on plan assets	(7.9		)	(2.4		)	(6.9		)	(1.5		)
Amortization of prior service cost	0.1			0.9			—			1.2
Amortization of net loss	3.6			0.3			6.2			0.6
Settlement loss	—			4.5			—			—
Net pension expense	$	3.3		$	12.3		$	6.1		$	9.5

The estimated net loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net pension expense over the next fiscal year is $5.2 million. The prior service cost to be amortized from accumulated other comprehensive income into net pension expense over the next fiscal year is immaterial.

Defined benefit pension plan cash contributions for the three fiscal months ended September 26, 2014 and September 27, 2013 were $3.3 million and $2.4 million, respectively. Defined benefit pension plan cash contributions for the nine fiscal months ended September 26, 2014 and September 27, 2013 were $9.9 million and $7.2 million, respectively.

In the second quarter of 2014, the Company recorded a pre-tax non-cash settlement loss of $4.5 million for the termination of a pension plan related to the closure of one of the North America manufacturing plants.

Refer to Note 3 - Restructuring for charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits.

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13. Total Equity

The Company is authorized to issue 200 million shares of common stock and 25 million shares of preferred stock. Condensed consolidated statements of changes in total equity are presented below for the nine months ended September 26, 2014 and September 27, 2013 (in millions):

				General Cable Total Equity
	Total Equity			Common Stock Amount		Add’l Paid in Capital			Treasury Stock			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-Controlling Interest
Balance, December 31, 2013	$	1,379.8		$	0.6	$	699.6		$	(155.3	)	$	847.4		$	(112.1	)	$	99.6
Comprehensive income (loss)	(532.7		)									(464.4		)	(48.0		)	(20.3		)
Common stock dividend	(26.6		)									(26.6		)
Excess tax benefit from stock compensation	(0.6		)			(0.6		)
Purchase of non-controlling interest	(0.3		)			(1.5		)										1.2
Dividends paid to non-controlling interest	(5.2		)															(5.2		)
Repurchase of common shares	(30.7		)						(30.7		)
Other – issuance pursuant to restricted stock, stock options and other	10.6					10.0			0.6
Balance, September 26, 2014	$	794.3		$	0.6	$	707.5		$	(185.4	)	$	356.4		$	(160.1	)	$	75.3

				General Cable Total Equity
	Total Equity			Preferred Stock Amount		Common Stock Amount		Add’l Paid in Capital			Treasury Stock			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-Controlling Interest
Balance, December 31, 2012	$	1,448.2		$	3.8	$	0.6	$	676.7		$	(137.0	)	$	892.2		$	(104.6	)	$	116.5
Comprehensive income (loss)	(50.3		)											(31.6		)	(19.7		)	1.0
Common and preferred stock dividend	(18.1		)											(18.1		)
Excess tax benefit from stock based compensation	(1.0		)					(1.0		)
Purchase of non-controlling interest	(4.0		)					8.1												(12.1		)
Dividends paid to non-controlling interest	(3.2		)																	(3.2		)
Repurchase of treasury shares	(19.5		)								(19.5		)
Other – issuance pursuant to restricted stock, stock options and other	9.7							8.9			0.8
Balance, September 27, 2013	$	1,361.8		$	3.8	$	0.6	$	692.7		$	(155.7	)	$	842.5		$	(124.3	)	$	102.2

The components of accumulated other comprehensive income (loss) as of September 26, 2014 and December 31, 2013, respectively, consisted of the following (in millions):

	September 26, 2014						December 31, 2013
	Company Common Shareholders			Non-Controlling Interest			Company Common Shareholders			Non-Controlling Interest
Foreign currency translation adjustment	$	(121.1	)	$	(28.4	)	$	(67.1	)	$	(24.5	)
Change in fair value of pension benefit obligation, net of tax	(46.6		)	(2.8		)	(52.6		)	(2.9		)
Company deferred stock held in rabbi trust, net of tax	7.3			—			7.3			—
Other	0.3			—			0.3			—
Accumulated other comprehensive income (loss)	$	(160.1	)	$	(31.2	)	$	(112.1	)	$	(27.4	)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2013 to September 26, 2014 including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (in millions, net of tax):

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	Foreign currency translation			Change of fair value of pension benefit obligation			Deferred stock held in rabbi trust		Other		Total
Balance, December 31, 2013	$	(67.1	)	$	(52.6	)	$	7.3	$	0.3	$	(112.1	)
Other comprehensive income before reclassifications	(54.0		)	—			—		—		(54.0		)
Amounts reclassified from accumulated other comprehensive income	—			6.0			—		—		6.0
Net current - period other comprehensive income	(54.0		)	6.0			—		—		(48.0		)
Balance, September 26, 2014	$	(121.1	)	$	(46.6	)	$	7.3	$	0.3	$	(160.1	)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2012 to September 27, 2013 including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (in millions, net of tax):

	Foreign currency translation			Change of fair value of pension benefit obligation			Change in fair value of derivatives			Deferred stock held in rabbi trust		Other		Total
Balance, December 31, 2012	$	(27.9	)	$	(84.4	)	$	0.1		$	7.3	$	0.3	$	(104.6	)
Other comprehensive income before reclassifications	(24.6		)	—			(0.8		)	—		—		(25.4		)
Amounts reclassified from accumulated other comprehensive income	—			5.0			0.7			—		—		5.7
Net current - period other comprehensive income	(24.6		)	5.0			(0.1		)	—		—		(19.7		)
Balance, September 27, 2013	$	(52.5	)	$	(79.4	)	$	—		$	7.3	$	0.3	$	(124.3	)

The following is the detail of the reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 26, 2014 (in millions, net of tax):

	Three Fiscal Months Ended		Nine Fiscal Months Ended
	September 26, 2014		September 26, 2014
	Amount reclassified from accumulated other comprehensive income (loss)		Amount reclassified from accumulated other comprehensive income (loss)		Affected line item in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)
Amortization of defined pension items, net of tax:
Prior service cost	0.2		0.6		SG&A
Net loss	0.8		2.2		SG&A
Settlement Loss	—		3.2		SG&A
Total	$	1.0	$	6.0

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	Three Fiscal Months Ended			Nine Fiscal Months Ended
	September 27, 2013			September 27, 2013
	Amount reclassified from accumulated other comprehensive income (loss)			Amount reclassified from accumulated other comprehensive income (loss)		Affected line item in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)
Change in fair value of derivatives, net of tax:
Commodity contracts	$	(0.3	)	$	0.7	Cost of Sales
Total - Change in fair value of derivatives	(0.3		)	0.7
Amortization of defined pension items, net of tax:
Prior service cost	0.3			0.8		SG&A
Net loss	1.4			4.2		SG&A
Total - Amortization of defined benefit pension items	1.7			5.0
Total	$	1.4		$	5.7

Stock Repurchase Programs

On December 10, 2013, the Company's Board of Directors authorized the extension of the Company’s existing $125 million share repurchase program through the end of 2014. Stock purchases under this program may be made through the open market and privately negotiated transactions at times and in such amounts as deemed appropriate by a special committee appointed by the Board. Under this stock repurchase program the Company purchased no common shares during the three months ended September 26, 2014. Under this stock repurchase program the Company purchased $30.7 million, or 1,000,000 common shares at an average price of $30.73 per share, during the nine months ended September 26, 2014. Under this stock repurchase program the Company purchased $0.5 million, or 18,493 common shares at an average price of $29.99 per share, during the three months ended September 27, 2013 and $19.5 million, or 597,531 common shares at an average price of $32.65 per share, during the nine months ended September 27, 2013. The Company's future repurchase of shares is subject to the terms of the Company's Revolving Credit Facility and the indentures governing the Subordinated Convertible Notes, Senior Floating Notes and 5.75% Senior Notes.

Dividends on Common Stock

On May 20, 2013, the Company's Board of Directors authorized the payment of a regular quarterly dividend. During the three and nine months ended September 26, 2014, the Company paid a quarterly cash dividend of $0.18 per share per quarter, or approximately $8.8 million and $26.6 million in total. During the three and nine months ended September 27, 2013, the Company declared and paid a quarterly cash dividend of $0.18 per share per quarter (starting in the second quarter of 2013), or approximately $8.9 million and $17.8 million in total. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors. In determining dividends, the Board of Directors takes into consideration items such as general business conditions, financial performance, projected cash flows and anticipated financing needs. Future payments of dividends are also subject to the Company's Revolving Credit Facility, the indentures governing the Subordinated Convertible Notes, Senior Floating Rate Notes and 5.75% Senior Notes, and the requirements of Delaware General Corporation law.

Deferred Compensation Plan

The Company maintains a deferred compensation plan (“Deferred Compensation Plan”) under the terms and conditions disclosed in the Company’s 2013 Annual Report on Form 10-K. The Company accounts for the Deferred Compensation Plan in accordance with ASC 710 - Compensation–General as it relates to arrangements where amounts earned are held in a rabbi trust. The market value of mutual fund investments, nonvested and subsequently vested stock and restricted stock in the rabbi trust was $32.6 million and $42.0 million as of September 26, 2014 and December 31, 2013, respectively. The market value of the assets held by the rabbi trust, exclusive of the market value of the shares of the Company’s nonvested and subsequently vested restricted stock, restricted stock units held in the deferred compensation plan and Company stock investments by participants’ elections, at September 26, 2014 and December 31, 2013 was $21.7 million and $22.2 million, respectively, and is classified as “other non-current assets” in the Condensed Consolidated Balance Sheets. Amounts payable to the plan participants at September 26, 2014 and December 31, 2013, excluding the market value of the shares of the Company’s nonvested and subsequently vested restricted stock and restricted stock units held, were $23.3 million and $24.2 million, respectively, and are classified as “other liabilities” in the Condensed Consolidated Balance Sheets.

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14.     Share-Based Compensation

The Company has various plans that provide for granting restricted stock units, performance stock units, restricted stock and stock options to certain employees and independent directors of the Company and its subsidiaries. The Company recognizes compensation expense for share-based payments based on the fair value of the awards at the grant date. The Black-Scholes valuation model is used to determine the fair value of non-qualified stock options. The fair value of performance stock units is determined using a Monte Carlo simulation model. Restricted stock units and restricted stock awards fair value is based on the Company market stock price on the date of grant. The table below summarizes share-based compensation for the three and nine fiscal months ended September 26, 2014 and September 27, 2013 (in millions).

	Three Fiscal Months Ended
	September 26, 2014			September 27, 2013
Non-qualified stock option expense	$	0.5		$	1.5
Non-vested stock awards expense	2.8			2.2
Immediately vested stock awards expense	0.1			—
Total pre-tax share-based compensation expense	$	3.4		$	3.7
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.5	)	$	—

	Nine Fiscal Months Ended
	September 26, 2014			September 27, 2013
Non-qualified stock option expense	$	2.3		$	4.2
Non-vested stock awards expense	9.5			6.0
Immediately vested stock awards expense	0.8			—
Total pre-tax share-based compensation expense	$	12.6		$	10.2
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.6	)	$	0.1

(1) Cash inflows (outflows) recognized as financing activities in the Condensed Consolidated Statements of Cash Flows.

The Company records share-based compensation expense as a component of Selling, general and administrative expenses.

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15.     Redeemable Non-controlling Interest

On October 1, 2012, the Company participated in a share subscription for 60% of the outstanding and issued shares of Procables. The existing shareholders immediately prior to the subscription (the “Sellers” or “Minority Shareholders”) maintained control of the remaining 40% of the shares. The Company and the Minority Shareholders also agreed to certain put and call options with regard to the remaining 40% interest in Procables retained by the Minority Shareholders. For a 36-month period commencing on the fifth anniversary of the closing date, the Minority Shareholders may exercise a put option to sell their entire 40% interest in Procables to the Company. The Company shall be irrevocably obligated to purchase the shares (the "Put Option"). In addition, the Company has a call option (the "Call Option") to purchase the Minority Shareholders’ 40% interest in Procables, during the 36-month period commencing on the expiration of the Put Option period. The consideration to be exchanged, per share in the event of a Put Option or Call Option shall be the higher of the following (1) the final per share purchase price; or (2) a price per share based on the Company's enterprise value equal to seven times the average of its earnings before interest, taxes, depreciation and amortization (“EBITDA”) over the two most recently audited year-end financial statements immediately prior to the option being exercised, minus the 12-month average Net Indebtedness, as defined in the agreement, of the Company for the most recent audited fiscal year (“EBITDA average”). The Company determined that the Put Option is embedded within the noncontrolling interest shares that are subject to the Put Option. The redemption feature requires classification of the Minority Shareholder's interest in the Condensed Consolidated Balance Sheets outside of equity under the caption “Redeemable non-controlling interest.”

The redeemable non-controlling interest of Procables was recorded on the acquisition date based on the estimated fair value of the shares including the embedded Put Option. The fair value of the Put Option was estimated at the higher of the final per share purchase price or EBITDA average. At September 26, 2014, the final per share purchase price was greater than the EBITDA average; therefore, the redeemable non-controlling interest was valued at the same cost as the fair value determined at the opening balance sheet date subject to foreign currency translation. Subsequent adjustments to the value of the redeemable noncontrolling interest due to the redemption feature, if any, will be recognized as they occur and recorded within Net income (loss).

The following is a rollforward of the redeemable non-controlling interest (in millions):

Balance, December 31, 2013	$	17.0
Net income (loss)	—
Foreign currency translation	(0.7		)
Balance, September 26, 2014	$	16.3

16.     Shipping and Handling Costs

All shipping and handling amounts billed to a customer in a sales transaction are classified as revenue. Shipping and handling costs associated with storage and handling of finished goods and shipments to customers are included in cost of sales and totaled $37.9 million and $42.3 million, respectively, for the three fiscal months ended September 26, 2014 and September 27, 2013 and $119.6 million and $117.8 million, respectively, for the nine fiscal months ended September 26, 2014 and September 27, 2013.

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17. Earnings (Loss) Per Common Share

The Company applies the two-class method of computing basic and diluted earnings per share. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors.

A reconciliation of the numerator and denominator of earnings (loss) per common share-basic to earnings (loss) per common share-assuming dilution is as follows (in millions, except per share data):

	Three Fiscal Months Ended					Nine Fiscal Months Ended
(in millions, except per share data)	September 26, 2014			September 27, 2013		September 26, 2014			September 27, 2013
Earnings (loss) per common share – basic:
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	5.7	$	(464.4	)	$	(31.9	)
Less: Net income allocated to participating securities (4)	—			0.1		—			0.1
Net income (loss) for basic EPS computations (1)	(124.2		)	5.6		(464.4		)	(32.0		)
Weighted average shares outstanding for basic EPS computation (2)	48.7			49.2		48.8			49.5
Earnings (loss) per common share – basic (3)	$	(2.55	)	$	0.11	$	(9.52	)	$	(0.64	)
Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	5.7	$	(464.4	)	$	(31.9	)
Add: preferred stock dividends, if applicable	—			0.1		—			—
Net income (loss) for diluted EPS computation (1)	$	(124.2	)	$	5.8	$	(464.4	)	$	(31.9	)
Weighted average shares outstanding including nonvested shares	48.7			49.2		48.8			49.5
Dilutive effect of convertible notes	—			1.1		—			—
Dilutive effect of stock options and restricted stock units	—			0.4		—			—
Weighted average shares outstanding for diluted EPS computation (2)	48.7			50.7		48.8			49.5
Earnings (loss) per common share – assuming dilution	$	(2.55	)	$	0.11	$	(9.52	)	$	(0.64	)

(1) Numerator

(2) Denominator

(3) Under the two-class method, earnings (loss) per share – basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

(4) Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

Under ASC 260 - Earnings per Share and ASC 470 - Debt and because of the Company’s obligation to settle the par value of the Subordinated Convertible Notes in cash, the Company is not required to include any shares underlying the Subordinated Convertible Notes in its weighted average shares outstanding – assuming dilution until the average stock price per share for the quarter exceeds the $36.75 conversion price of the Subordinated Convertible Notes and only to the extent of the additional shares that the Company may be required to issue in the event that the Company’s conversion obligation exceeds the principal amount of the Subordinated Convertible Notes.

Regarding the Subordinated Convertible Notes, the average stock price threshold conditions had not been met as of September 26, 2014. At any such time in the future that threshold conditions are met, only the number of shares issuable under the “treasury” method of accounting for the share dilution would be included in the Company’s earnings per share – assuming dilution calculation, which is based upon the amount by which the average stock price exceeds the conversion price.

25

The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding – assuming dilution calculation for the Subordinated Convertible Notes.

Share Price	Shares Underlying Subordinated Convertible Notes	Total Treasury Method Incremental Shares (1)
$36.75	—	—
$38.75	603,152	603,152
$40.75	1,147,099	1,147,099
$42.75	1,640,151	1,640,151
$44.75	2,089,131	2,089,131

(1) Represents the number of incremental shares that must be included in the calculation of fully diluted shares under GAAP.

18. Segment Information

The Company conducts its operations through three geographic operating and reportable segments – North America, Europe and Mediterranean, and ROW, which consists of operations in Latin America, Sub-Saharan Africa, the Middle East and Asia Pacific. The Company’s operating segments align with the structure of the Company’s internal management organization. All three segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum and fiber optic communication, construction, electric utility and electrical infrastructure wire and cable products as well as the North America and ROW segments manufacture and distribute rod mill wire products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. In North America intersegment sales were $7.2 million and $25.0 million, in Europe and Mediterranean, intersegment sales were $9.1 million and $35.9 million and in ROW, intersegment sales were $4.4 million and $20.9 million for the three and nine months ended September 26, 2014, respectively. In North America, intersegment sales were $4.5 million and $13.9 million, in Europe and Mediterranean, intersegment sales were $7.0 million and $21.9 million and in ROW, intersegment sales were $20.6 million and $58.3 million for the three and nine months ended September 27, 2013, respectively.

The chief operating decision maker evaluates segment performance and allocates resources based on segment operating income. Segment operating income represents income from continuing operations before interest income, interest expense, other income (expense), other financial costs and income tax. Summarized financial information for the Company’s reportable segments for the three and nine fiscal months ended September 26, 2014 and September 27, 2013 is as follows:

	Three Fiscal Months Ended					Nine Fiscal Months Ended
(in millions)	September 26, 2014			September 27, 2013		September 26, 2014			September 27, 2013
Net Sales:
North America	$	644.1		$	663.2	$	1,884.1		$	2,074.7
Europe and Mediterranean	351.9			383.4		1,114.5			1,180.4
ROW	475.7			510.5		1,434.5			1,504.8
Total	$	1,471.7		$	1,557.1	$	4,433.1		$	4,759.9
Segment Operating Income (Loss):
North America	$	48.0		$	25.2	$	97.9		$	106.6
Europe and Mediterranean	(107.3		)	7.6		(97.1		)	(7.8		)
ROW	(19.3		)	10.1		(302.4		)	47.7
Total	$	(78.6	)	$	42.9	$	(301.6	)	$	146.5

(in millions)	September 26, 2014		December 31, 2013
Total Assets:
North America	$	1,373.1	$	1,342.0
Europe and Mediterranean	1,061.9		1,232.8
ROW	1,587.3		2,004.1
Total	$	4,022.3	$	4,578.9

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19. Commitments and Contingencies

Environmental matters

We are subject to a variety of federal, state, local and foreign laws and regulations covering the storage, handling, emission and discharge of materials into the environment, including CERCLA, the Clean Water Act, the Clean Air Act (including the 1990 amendments) and the Resource Conservation and Recovery Act.

Our subsidiaries in the United States have been identified as potentially responsible parties with respect to several sites designated for cleanup under CERCLA or similar state laws, which impose liability for cleanup of certain waste sites and for related natural resource damages without regard to fault or the legality of waste generation or disposal. Persons liable for such costs and damages generally include the site owner or operator and persons that disposed or arranged for the disposal of hazardous substances found at those sites. Although CERCLA imposes joint and several liability on all potentially responsible parties, in application, the potentially responsible parties typically allocate the investigation and cleanup costs based upon, among other things, the volume of waste contributed by each potentially responsible party.

Settlements can often be achieved through negotiations with the appropriate environmental agency or the other potentially responsible parties. Potentially responsible parties that contributed small amounts of waste (typically less than 1% of the waste) are often given the opportunity to settle as “de minimus” parties, resolving their liability for a particular site. We do not own or operate any of the waste sites with respect to which we have been named as a potentially responsible party by the government. Based on our review and other factors, we believe that costs relating to environmental clean-up at these sites will not have a material adverse effect on our results of operations, cash flows or financial position.

At September 26, 2014 and December 31, 2013, we had an accrued liability of approximately $3.7 million and $3.1 million, respectively, for various environmental-related liabilities to the extent costs are known or can be reasonably estimated as a liability. While it is difficult to estimate future environmental-related liabilities accurately, we do not currently anticipate any material adverse effect on our results of operations, financial position or cash flows as a result of compliance with federal, state, local or foreign environmental laws or regulations or cleanup costs of the sites discussed above.

Asbestos litigation

We have been a defendant in asbestos litigation for over 20 years. Our subsidiaries have been named as defendants in lawsuits alleging exposure to asbestos in products manufactured by us. As of September 26, 2014, we were a defendant in approximately 3,275 cases brought in Federal District Courts throughout the United States. In the nine months ended September 26, 2014, 81 asbestos cases were brought against us. In the calendar year 2013, 133 asbestos cases were brought against us. In the last 20 years, we have had no cases proceed to verdict. In many of the cases, we were dismissed as a defendant before trial for lack of product identification. As of September 26, 2014, 47,846 asbestos cases have been dismissed. In the nine months ended September 26, 2014, 25,913 asbestos cases were dismissed. In September 2014, upon receipt from the MDL Court of a current statistical report listing numbers of outstanding cases as well as a list identifying outstanding Maritime/MARDOC cases by plaintiff name, General Cable recorded a dismissal of 25,759 cases reducing its number of pending Maritime/MARDOC cases to 2,679. As of December 31, 2013, 21,933 cases were dismissed. With regards to the approximately 3,275 remaining pending cases, we are aggressively defending these cases based upon either lack of product identification as to whether we manufactured asbestos-containing product and/or lack of exposure to asbestos dust from the use of our product.

As of September 26, 2014, 2,679 pending lawsuits were brought on behalf of plaintiffs by a single admiralty law firm (“MARDOC”) and seek unspecified damages. Plaintiffs in the MARDOC cases generally allege that they formerly worked in the maritime industry and sustained asbestos-related injuries from products that General Cable ceased manufacturing in the mid-1970s. The MARDOC cases are managed and supervised by a federal judge in the United States District Court for the Eastern District of Pennsylvania (“District Court”) by reason of a transfer by the judicial panel on Multidistrict Litigation (“MDL”).

In the MARDOC cases in the MDL, the District Court in May 1996 dismissed all pending cases filed without prejudice and placed them on an inactive administrative docket. To reinstate a MARDOC case from the inactive docket, plaintiffs’ counsel must show that the plaintiff not only suffered from a recognized asbestos related injury, but also must produce specific product identification evidence to proceed against an individual defendant. During 2010, the MDL Court ordered Plaintiffs to identify the defendants against whom they intended to proceed in the Maritime cases. General Cable was not named as a defendant against whom the plaintiffs intended to proceed. As such it is now anticipated that General Cable will be dismissed from all Maritime related lawsuits.

For cases outside the MDL as of September 26, 2014, plaintiffs have asserted monetary damages in 289 cases. In 155 of these cases, plaintiffs allege only damages in excess of some dollar amount (about $381 thousand per plaintiff); in these cases there are no claims for specific dollar amounts requested as to any defendant. In the 134 other cases pending in state and federal district courts (outside the MDL), plaintiffs seek approximately $446 million in damages from as many as 50 defendants. In one case, plaintiffs have asserted damages related to General Cable in the amount of $10 million. In addition, in relation to these 289 cases, there are claims of $313 million in punitive damages from all of the defendants. However, many of the plaintiffs in these cases allege non-malignant injuries. As of September 26, 2014 and December 31, 2013, we had accrued, on a gross basis, approximately

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$4.8 million and $5.2 million, respectively, and as of September 26, 2014 and December 31, 2013, had recovered approximately $0.5 million of insurance recoveries for these lawsuits. The net amount of $4.3 million and $4.7 million, as of September 26, 2014 and December 31, 2013, respectively, represents our best estimate in order to cover resolution of current and future asbestos-related claims.

The components of the asbestos litigation reserve are current and future asbestos-related claims. The significant assumptions are: (1) the number of cases per state, (2) an estimate of the judgment per case per state, (3) an estimate of the percentage of cases per state that would make it to trial and (4) the estimated total liability percentage, excluding insurance recoveries, per case judgment. Management's estimates are based on the Company's historical experience with asbestos related claims. The Company's current history of asbestos claims does not provide sufficient and reasonable information to estimate a range of loss for potential future, unasserted asbestos claims because the number and the value of the alleged damages of such claims have not been consistent. As such, the Company does not believe a reasonably possible range can be estimated with respect to asbestos claims that may be filed in the future.

Settlement payments are made, and the asbestos accrual is relieved, when we receive a fully executed settlement release from the Plaintiff's counsel. As of September 26, 2014 and September 27, 2013, aggregate settlement costs were $9.4 million and $8.7 million, respectively. For the three months ended September 26, 2014 and September 27, 2013, settlement costs totaled $0.2 million and $0.0 million, respectively. For the nine months ended September 26, 2014 and September 27, 2013, settlement costs totaled $0.6 million and $0.2 million, respectively. As of September 26, 2014 and September 27, 2013, aggregate litigation costs were $24.3 million and $22.4 million, respectively. For the three months ended September 26, 2014 and September 27, 2013, litigation costs were $0.3 million and $0.4 million, respectively. For the nine months ended September 26, 2014 and September 27, 2013, litigation costs were $1.2 million and $1.0 million, respectively.

In January 1994, we entered into a settlement agreement with certain principal primary insurers concerning liability for the costs of defense, judgments and settlements, if any, in all of the asbestos litigation described above. Subject to the terms and conditions of the settlement agreement, the insurers are responsible for a substantial portion of the costs and expenses incurred in the defense or resolution of this litigation. In recent years one of the insurers participating in the settlement that was responsible for a significant portion of the contribution under the settlement agreement entered into insurance liquidation proceedings. As a result, the contribution of the insurers has been reduced and we have had to bear a larger portion of the costs relating to these lawsuits. Moreover, certain of the other insurers may be financially unstable, and if one or more of these insurers enter into insurance liquidation proceedings, we will be required to pay a larger portion of the costs incurred in connection with these cases.

European Commission competition matter

As part of the Company’s acquisition of Silec Cable, S.A.S (“Silec”) in December 2005, SAFRAN SA (“SAFRAN”), agreed to indemnify the Company for the full amount of losses arising from, related to or attributable to practices, if any, that are similar to previous practices investigated by the French competition authority for alleged competition law violations related to medium-and high voltage cable markets. The Company has asserted a claim under this indemnity against SAFRAN related to the European Commission’s Statement of Objections, discussed below, to preserve the Company’s rights in case of an adverse European Commission decision.

On July 5, 2011, the European Commission issued a Statement of Objections in relation to its ongoing competition investigation to a number of wire and cable manufacturers in the submarine and underground power cables business, including our Spanish affiliate, Grupo General Cable Sistemas, and its French subsidiary, Silec. The Statement of Objections alleged that the two affiliates engaged in violations of competition law in the underground power cables businesses for limited periods of time. The allegations related to Grupo General Cable Sistemas claimed that it had participated in a cartel from January 2003 to May 2007, while the allegations related to Silec were for the ten month period following its December 22, 2005 acquisition from SAFRAN by Grupo General Cable Sistemas.

Following our formal responses to the Statement of Objections in October 2011 and a hearing in 2012, the European Commission issued a final decision on April 2, 2014. In the decision, the claims of infringement against Grupo General Cable Sistemas were dismissed for lack of evidence of alleged cartel activity. With regard to Silec, the European Commission’s decision imposed a fine of 1.9 million Euros related to the period Silec has been owned by us. This fine was based on participation that allegedly commenced well before Silec was acquired by us. On June 13, 2014, we filed an appeal with the General Court of the European Union challenging the European Commission’s decision as to Silec in Europe based on established precedent. We also continue to pursue our claim for full indemnification for the Silec fine under the terms of the acquisition agreement with SAFRAN SA executed in 2005.

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Transformer damage claims

In March 2012, we received formal notice of a claim for damages arising from a transformer fire that occurred in December 2010 allegedly resulting in loss of equipment and some consequential damages at a metal processing facility in Iceland. We supplied and installed cables and terminations to the transformer, which was manufactured and installed by an independent third party, during 2006 and the first quarter of 2007. Our work was inspected and accepted by the customer in March 2007. In August 2012, the customer initiated arbitration proceedings before the ICC Tribunal with a request to arbitrate in Pennsylvania. In September 2012, we initiated litigation in Pennsylvania state court seeking a declaration that we are not liable for any damages associated with the alleged loss resulting from the transformer fire and seeking to enjoin the ICC arbitration proceedings. The customer then moved the case from state to federal district court in the Western District of Pennsylvania which determined on motion that the ICC Tribunal not the court should decide whether the claims were arbitrable in the first instance. A decision on arbitrability is pending before the ICC Tribunal. We believe we have substantial defenses to potential liability in regard to the transformer fire and claimed loss. At this time, we are unable to predict an estimated range of damages or whether we will have any liability, if any, attributable to the transformer fire.

Brazil administrative proceedings

One of our Brazilian subsidiaries is involved in an administrative proceeding with a state treasury office regarding whether tax incentives granted to us by one Brazilian state are applicable to goods sold in another Brazilian state from September 2008 to December 31, 2009. We believe we correctly relied on the tax incentives granted and that we have substantial defenses to their disallowance by the Brazilian state claimant. The principal amount claimed to be due during the contested period is approximately $8 million which does not include penalties and interest which could be substantial. In September 2012, the 1^st Chamber of the Administrative Court found that we were not liable for any incentive tax payments claimed by the state treasury office. This decision was appealed by the Brazilian state and the Administrative Court determined in April 2013 that the subsidiary is liable for a part of the contested amount. Our subsidiary is seeking formal judicial review of this latest decision on the merits in the Civil Court and obtained an injunction in April 2013 restraining collection of the tax pending the review process in the Civil Court in further proceedings. The Brazilian state subsequently sought to overturn this injunction and the State Court rejected the application in May 2013. Thereafter, in October 2013, a judge in the State Court set aside the injunction and our subsidiary also took an appeal to the State Court of Appeal, which is awaiting a decision.  The decision setting aside the injunction and the Brazilian state's ability to enforce its purported tax claims were stayed pending the appeal process. In September 2014, the Court reversed the stay at the request of the Brazilian state, and permitted the state to continue with the proceedings to recover the approximately $8 million of contested incentives described above. We promptly filed a motion with the Court to reinstate the stay pending the outcome of the appeal, and we expect the Court to rule on this motion during November 2014. Nonetheless, on October 20, 2014, the Brazilian state issued a summons to collect the approximately $8 million of contested incentives, and we are complying with the terms of the state’s summons.

Brazil tax matters

Our Brazilian subsidiaries have received formal notices of infractions from the Brazilian state authorities related to alleged failures of tax matters associated with the distribution of goods and services from one state to another and alleged failure to file electronic records with the state authorities in regard to inventories, good receipts, and invoices from acquisitions.  The total amount of taxes allegedly due for the infractions including potential interest and penalties is up to $30 million.  At this time, we believe we have defenses to all remaining claims or are unable to predict an estimated range of damages and whether or not a liability will exist for these remaining claims.

Brazil theft claim

As previously reported, on October 29, 2012, the Company announced that it had identified historical accounting errors relating to inventory. We believe that the Brazil inventory accounting issues are, to a significant extent, attributable to a complex theft scheme affecting work in process and finished goods inventory. On July 11, 2014, we received notice of an insurance settlement and receipt of payment on the above theft in the amount of $5 million. 

Government and internal investigations

We have been reviewing, with the assistance of external counsel, certain commission payments involving sales to customers of our subsidiary in Angola. The review has focused upon payment practices with respect to employees of public utility companies, use of agents in connection with such payment practices, and the manner in which the payments were reflected on our books and records. We have determined at this time that certain employees in our Portugal and Angola subsidiaries directly and indirectly made payments at various times from 2002 through 2013 to officials of Angola government-owned public utilities that raise concerns under the FCPA and possibly under the laws of other jurisdictions. We also have been reviewing, with the assistance of external counsel, our use and payment of agents in connection with our Thailand and India operations, which may have implications

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under the FCPA. We have voluntarily disclosed these matters to the SEC and the DOJ and have provided them with additional information at their request. The SEC and DOJ inquiries into these matters are ongoing. We continue to cooperate with the DOJ and the SEC with respect to these matters. At this time, we are unable to predict the nature of any action that may be taken by the DOJ or SEC or any remedies these agencies may pursue as a result of such actions. We are implementing a screening process relating to sales agents that we use outside of the United States, including, among other things, a review of the agreements under which they were retained and a risk-based assessment of such agents to determine the scope of due diligence measures to be performed by a third-party investigative firm. We also have provided anti-corruption training to our global sales force, and ultimately will provide such training to all salaried employees. In addition, we are conducting a search for a Chief Compliance Officer, who will be responsible for the day-to-day management of our compliance function. The Chief Compliance Officer will report to our Chief Executive Officer, and also will have a reporting relationship with the Audit Committee.

As previously disclosed, we conducted internal investigations, subject to the oversight of the Audit Committee of our Board of Directors and with the assistance of external counsel, principally relating to matters resulting in restatements of a number of our previously issued financial statements. The matters addressed in the investigations included (i) inventory accounting errors addressed in the restatements, including those resulting from inventory theft in Brazil, as well as the timing of internal reporting of the inventory accounting issues to senior corporate management at our headquarters in Highland Heights, Kentucky and (ii) historical revenue recognition accounting practices with regard to “bill and hold” sales in Brazil related to aerial transmission projects, including instances where we have determined that the requirements for revenue recognition under GAAP with respect to the bill and hold sales were not met. (“Bill and hold” sales generally are sales meeting specified criteria under GAAP that enable the seller to recognize revenue at the time title to goods and ownership risk is transferred to the customer, even though the seller does not ship the goods until a later time. In typical sales transactions other than those accounted for as bill and hold, title to goods and ownership risk is transferred to the customer at the time of shipment or delivery.) In connection with these matters, among others, our management identified control deficiencies that constituted material weaknesses in our internal control over financial reporting. These material weaknesses resulted in accounting errors that caused us to issue two sets of restated financial statements. In March 2013, principally to correct the inventory accounting errors, we issued restated consolidated financial statements as of December 31, 2011 and 2010 and for the years ended December 31, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and interim periods ended on March 30, 2012 and June 29, 2012. In January 2014, principally to correct errors relating to revenue recognition with respect to the bill and hold sales, we issued restated consolidated financial statements (which also encompassed matters addressed in the earlier restatement) as of December 31, 2012, 2011 and 2010 and for the years ended December 31, 2012, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and 2012 and the interim period ended on March 29, 2013. For more information regarding these material weaknesses and the steps we have taken to remediate them, see “Item 9A. Controls and Procedures” in our annual report on Form 10-K for the year ended December 31, 2013.

We voluntarily contacted the SEC to advise it of our initial internal investigation, and we have continued to provide information to the SEC on an ongoing basis, including, among other things, information regarding the matters described above and certain earnings management activities by employees in our ROW segment prior to the end of 2012. As we previously disclosed, these earnings management activities (none of which identified to date had a material effect on our consolidated financial statements) were designed to delay the reporting of expenses or other charges, including improper capitalization of costs, misuse of accruals and failure to timely report inventory shortfalls identified through physical inventory counts. The SEC has issued a formal order of investigation. Pursuant to the formal order, the SEC issued subpoenas to us seeking relevant documents and to certain of our current and former employees seeking their testimony. The SEC has requested information regarding, among other things, the above-described Angola matter, matters that were subject to our internal investigations and earnings management activities by ROW employees. We continue to cooperate with the SEC in connection with its investigation.

Any determination that our operations or activities are not in compliance with existing laws or regulations could result in the imposition of substantial fines, civil and criminal penalties, and equitable remedies, including disgorgement and injunctive relief. Because the government investigations and our review regarding commission payment practices and our use and payment of agents described above are ongoing, we are unable to predict their duration, scope, results, or consequences. Dispositions of these types of matters can result in modifications to business practices and compliance programs, and in some cases the appointment of a monitor to review future business and practices with the objective of effecting compliance with the FCPA and other applicable laws. At this time, the Company is unable to make an estimate of the amount of loss, if any, or range of possible loss that the Company could incur as a result of the foregoing matters.

Purported class action and derivative litigation

The matters described above under “Government and internal investigations” relating to our Brazilian business that caused us to restate our financial statements apparently also have, in part, led to litigation against us and certain of our current and former directors, executive officers and employees.

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Two civil complaints were filed in the United States District Court for the Southern District of New York on October 21, 2013 and December 4, 2013 by named plaintiffs, on behalf of purported classes of persons who purchased or otherwise acquired our publicly traded securities, against us, Gregory Kenny, our President and Chief Executive Officer, and Brian Robinson, our Executive Vice President and Chief Financial Officer. On our motion, the complaints were transferred to the United States District Court for the Eastern District of Kentucky, the actions were consolidated, and a consolidated complaint was filed in that Court on May 20, 2014 by City of Livonia Employees Retirement System, as lead plaintiff on behalf of a purported class of all persons or entities who purchased our securities between November 3, 2010 and October 14, 2013 (the “City of Livonia Complaint”). The City of Livonia Complaint alleges claims under the antifraud and controlling person liability provisions of the Exchange Act, alleging generally, among other assertions, that we employed inadequate internal financial reporting controls that resulted in, among other things, improper revenue recognition, understated cost of sales, overstated operating income, net income and earnings per share, and the failure to detect inventory lost through theft; that we issued materially false financial results that had to be restated on two occasions; and that statements of Messrs. Kenny and Robinson that they had tested and found effective our internal controls over financial reporting and disclosure were false. The City of Livonia Complaint alleges that as a result of the foregoing, our stock price was artificially inflated and the plaintiffs suffered damages in connection with their purchase of our stock. The City of Livonia Complaint seeks damages in an unspecified amount; reasonable costs and expenses, including counsel and experts fees; and such equitable injunctive or other relief as the Court deems just and proper. On July 18, 2014, defendants filed a motion to dismiss the City of Livonia Complaint based on plaintiff’s failure to state a claim upon which relief could be granted. On August 28, 2014, the plaintiff filed a response opposing the motion, and on September 11, 2014, defendants filed a reply to plaintiff’s response. As a result of an October 10, 2014 decision of the United States Court of Appeals for the Sixth Circuit addressing, among other things, certain matters relevant to the motion, Plaintiff filed, on October 16, 2014, a notice of recent authority in support of its opposition to the motion. On October 20, 2014, defendants filed a response to the notice of recent authority, in which they assert that, contrary to plaintiff’s argument that the decision supports its position, the decision provides further grounds to grant defendants’ motion. The motion is pending. In addition, a derivative complaint was filed on January 7, 2014 in the Campbell County, Kentucky Circuit Court against all but one member of our Board of Directors, including Mr. Kenny, two former directors, Mr. Robinson and two former ROW officials, one of whom is our former executive officer. The derivative complaint alleges that the defendants breached their fiduciary duties by knowingly failing to ensure that we implemented and maintained adequate internal controls over our accounting and financial reporting functions and by knowingly disseminating to stockholders materially false and misleading statements concerning our financial results and internal controls. The derivative complaint seeks damages in an unspecified amount, appropriate equitable relief to remedy the alleged breaches of fiduciary duty, attorneys’ fees, experts’ fees and other costs. On March 5, 2014, the derivative case was placed on inactive status until a motion is filed by a party to reinstate the action to the Court’s active docket.

We believe the derivative complaint, insofar as it relates to our current and former directors, including Mr. Kenny, and to Mr. Robinson, and the City of Livonia Complaint are without merit and intend to vigorously contest the actions.

Other

In addition, we are involved in various routine legal proceedings and administrative actions incidental to our business. In the opinion of our management, these routine proceedings and actions should not, individually or in the aggregate, have a material adverse effect on our consolidated results of operations, cash flows or financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of these matters or other similar matters, if unfavorable, may have such adverse effects.

In accordance with GAAP, we record a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. To the extent additional information arises or our strategies change, it is possible that our estimate of our probable liability in these matters may change.

The Company has entered into various operating lease agreements related principally to certain administrative, manufacturing and distribution facilities and transportation equipment. At September 26, 2014, future minimum rental payments required under non-cancelable lease agreements during the twelve month periods beginning September 26, 2014 through September 27, 2019 and thereafter are $38.4 million, $32.4 million, $27.4 million, $7.7 million and $6.3 million, respectively, and $10.8 million thereafter.

As of September 26, 2014, the Company had $58.8 million in letters of credit (including the $29.6 million outstanding on the Company's Revolving Credit Facility), $188.0 million in various performance bonds and $251.5 million in other guarantees. Other guarantees include bank guarantees and advance payment bonds. These letters of credit, performance bonds and guarantees are periodically renewed and are generally related to risk associated with self-insurance claims, defined benefit plan obligations, contract performance, quality and other various bank and financing guarantees. Advance payment bonds are often required by customers when the Company obtains advance payments to secure the production of cable for long term contracts. The advance payment bonds provide the customer protection on their deposit in the event that the Company does not perform under the contract.

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20. Unconsolidated Affiliated Companies

Unconsolidated affiliated companies are those in which the Company generally owns less than 50 percent of the outstanding voting shares. The Company does not control these companies and accounts for its investments in them on the equity method basis. The unconsolidated affiliated companies primarily manufacture or market wire and cable products in the ROW segment. The Company’s share of the income of these companies is reported in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) under “Equity in earnings of affiliated companies.” For the three fiscal months ended September 26, 2014 and September 27, 2013, equity in earnings of affiliated companies was $0.3 million and $0.9 million, respectively. For the nine fiscal months ended September 26, 2014 and September 27, 2013, equity in earnings of affiliated companies was $0.9 million and $1.5 million, respectively. The net investment in unconsolidated affiliated companies was $19.3 million and $19.0 million as of September 26, 2014 and December 31, 2013, respectively. As of September 26, 2014, the Company’s ownership percentage was as follows: PDTL Trading Company Ltd. 49%, Colada Continua Chilean, S.A. 41%, Minuet Realty Corp. 40%, Nostag GmbH & Co. KG 33%, Pakistan Cables Limited 24.6%, Keystone Electric Wire & Cable Co., Ltd. 20% and Thai Copper Rod Company Ltd. 18%.

21.     Fair Value Disclosure

The fair market values of the Company’s financial instruments are determined based on the fair value hierarchy as discussed in ASC 820 - Fair Value Measurements.

The Company carries derivative assets and liabilities (Level 2) and marketable equity securities (Level 1) held in the rabbi trust as part of the Company’s Deferred Compensation Plan at fair value. The fair values of derivative assets and liabilities traded in the over-the-counter market are determined using quantitative models that require the use of multiple market inputs including interest rates, prices and indices to generate pricing and volatility factors, which are used to value the position. The predominance of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Marketable equity securities are recorded at fair value, which are based on quoted market prices.

Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in millions).

	Fair Value Measurement
	September 26, 2014								December 31, 2013
	Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3		Fair Value
Assets:
Derivative assets	$	—	$	5.4	$	—	$	5.4	$	—	$	7.2	$	—	$	7.2
Equity securities	21.7		—		—		21.7		22.2		—		—		22.2
Total assets	$	21.7	$	5.4	$	—	$	27.1	$	22.2	$	7.2	$	—	$	29.4
Liabilities:
Derivative liabilities	$	—	$	5.9	$	—	$	5.9	$	—	$	9.3	$	—	$	9.3
Total liabilities	$	—	$	5.9	$	—	$	5.9	$	—	$	9.3	$	—	$	9.3

At September 26, 2014, there were no material financial assets or financial liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

In the three and nine months ended September 26, 2014, the Company recorded asset-related charges of $85.8 million and $109.2 million, as part of the global restructuring plan, respectively, and a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill. To determine the fair value, the Company considered appraisals, including discounted cash flows expected to result from the use and eventual disposition of the assets, utilizing standard valuation approaches, which incorporate Level 3 inputs. To determine the fair value of the asset groups, the Company employed both income and market-based approaches.  The non-financial assets measured at fair value which include the land, buildings and machinery and equipment at certain asset groups, are fair valued at $81.8 million at September 26, 2014.

Similarly, there were no other nonfinancial assets or nonfinancial liabilities measured at fair value on a non-recurring basis.

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22.     Venezuelan Operations

The Venezuelan government has maintained currency controls and a fixed official exchange rate since February 2003. The Commission for the Administration of Foreign Exchange (“CADIVI”) until recently controlled the sale and purchase of foreign currency in Venezuela. In 2011, CADIVI established an official exchange rate of 4.30 BsF to 1 U.S. dollar ("U.S. Dollar") (the “prior official rate”). On February 13, 2013, the Venezuelan government announced the devaluation of its currency from 4.30 BsF per U.S. dollar to 6.30 BsF per U.S. dollar (the “official rate”).

In March 2013, the Venezuelan government announced the creation of a new alternative currency exchange system authorizing certain companies that operate in designated industry sectors to exchange a limited volume of bolivars for dollars at a bid rate established via weekly auctions under the Complementary System of Foreign Currency Acquirement (“SICAD 1”). These auctions began weekly in October 2013 and the Central Bank of Venezuela began publishing the average exchange rate resulting from the weekly SICAD 1 auctions in December 2013.

On January 24, 2014, the Venezuelan government announced the establishment of a dual exchange rate system. A rate of 6.30 BsF per U.S. dollar will be applied to priority sectors, while other sectors of the economy are eligible to apply an exchange rate determined based on the results of the Venezuelan central bank’s system of weekly SICAD 1 currency auctions to a wider range of transactions. In addition, on January 24, 2014, the Venezuelan government issued Exchange Agreement No. 25, which stated that the rate of exchange established in the most recent SICAD 1 auction would be used for payments related to foreign investments, royalties and the use and exploitation of patents, trademarks, licenses, franchises and technology. In January 2014, the Venezuelan government also announced the replacement of CADIVI with a new foreign currency administration, the National Center for Foreign Commerce (CENCOEX). An entity may seek approval to transact through the CENCOEX mechanism at the official rate; however, we understand that certain transactions may be approved at the latest published SICAD 1 rate depending on an entity’s facts and circumstances. The approximate SICAD 1 rate at September 26, 2014 was 12.0 BsF per U.S. dollar.

On February 19, 2014, the Venezuelan government announced plans for another currency exchange mechanism (“SICAD 2”) which allows authorized foreign exchange operators, such as regulated banks and capital market brokers, to act as intermediaries in the sale of acquisitions of foreign currency. Once regulated, this may facilitate easier access to foreign currency. The SICAD 2 rate is intended to more closely resemble a market-driven exchange rate compared to the rates provided by Venezuela’s other regulated exchange mechanisms. SICAD 2 became effective on March 24, 2014 and the approximate SICAD 2 rate at September 26, 2014 was 50 BsF per U.S. dollar.

The functional currency of the Company’s subsidiary in Venezuela is the U.S. dollar.  Due to the impact of the devaluation on February 13, 2013, the Company recorded a pre-tax charge of $40.9 million in the year ended December 31, 2013 primarily related to the remeasurement of the local Venezuelan balance sheet on the date of the devaluation at the 6.30 BsF per U.S. dollar rate.  At December 31, 2013, the Company was still able to import copper at the official rate. In 2013, the Company remeasured the monetary assets and liabilities denominated in bolivars of its Venezuelan subsidiary at the official rate.

In the three and nine months ended September 26, 2014, limited amounts of dollars for payments were approved at the official rate, including, $0.5 million and $4.9 million, respectively. In the nine months endedSeptember 26, 2014, $0.8 million was authorized at the 4.30 BsF per U.S. dollar rate. There were approximately $44.3 million of U.S. dollar payables which the Company expects to settle at the official rate as of September 26, 2014.

As of September 26, 2014, the Company is eligible for participation in the SICAD 1 auctions; therefore, the Company is eligible to purchase U.S. dollars but the amounts are restricted by government approvals. There are uncertainties as to the restrictions placed on eligible participants and the amount of U.S. dollars available for purchase through the auction process. The Company participated in two SICAD 1 auctions in the second quarter of 2014. The Company was successful in one of the two SICAD 1 auctions and was awarded $15.2 million for the purchase of 4.4 million copper pounds. The funds were settled in the third quarter of 2014.

After consultation with Venezuelan legal counsel, management had determined in the first quarter that “foreign investments” in Exchange Agreement No. 25 should be interpreted to mean that future dividend remittances would be transacted at the exchange rate established through the SICAD 1 auction process, and should be used as the exchange rate required to remeasure the Company’s net monetary assets, after giving consideration to the U.S. dollar-denominated payables noted above which the Company expects the Venezuelan government to approve and settle by using U.S. dollars obtained at the official rate.

Recognizing there is considerable uncertainty as to the nature of transactions that will flow through the SICAD 1 auction and how the SICAD 1 auction will operate in the future, effective in the first quarter and through September 26, 2014, the Company expects that the majority of its Venezuelan subsidiary’s net monetary assets will be remeasured at the SICAD 1 rate since that is the rate

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the Company now believes, based in part on the advice of Venezuelan legal counsel, will be applicable for future dividend remittances. In applying the March 28, 2014 SICAD 1 exchange rate of 10.8 BsF per U.S. dollar to certain of its monetary assets and liabilities, the Company recorded a devaluation charge of $83.1 million for the nine months ended September 26, 2014 which was included in Other income (expense) within the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). As of September 26, 2014, the Company used the SICAD 1 rate of 12.0 BsF per U.S. dollar to remeasure all of its BsF-denominated assets and liabilities of its Venezuelan subsidiary.

The Company does not intend to utilize the SICAD 2 foreign exchange mechanism at the prevailing exchange rates. The Company has assessed a number of factors, including the limited number of SICAD 2 auctions held to date, the Company’s ability to access the SICAD 2 exchange to date, the restrictions placed on eligible participants, the amount of U.S. dollars available for purchase through the auction process, and the historical lack of official information about the resulting SICAD 2 rate.  At this time, based upon its assessment, the Company does not believe it would be appropriate to use rates from the SICAD 2 exchange system for financial reporting purposes at September 26, 2014.  If the Company had been required to apply the September 26, 2014 SICAD 2 exchange rate (approximately 50 BsF per U.S. dollar) to the Company's consolidated financial statements, the Company would have incurred a pre-tax charge of approximately $80 million as of September 26, 2014.

In addition to the aforementioned exchange controls, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels.

At September 26, 2014 and December 31, 2013, the Company’s total assets in Venezuela were approximately $199 million and $367 million and total liabilities were approximately $75 million and $103 million, respectively. At September 26, 2014 and December 31, 2013, total assets included BsF denominated monetary assets of approximately $134 million and $238 million, which consisted primarily of approximately $106 million and $194 million of cash, and approximately $21 million and $40 million of accounts receivable, respectively. At September 26, 2014 and December 31, 2013, total liabilities included BsF denominated monetary liabilities of approximately $30 million and $65 million, which consisted primarily of accounts payable and other current and non-current accruals, respectively.

The Company's sales in Venezuela were 2% and 4% of consolidated net sales for the three fiscal months ended September 26, 2014 and September 27, 2013, respectively. Operating income in Venezuela was 1% of consolidated operating loss and 45% of consolidated operating income for the three fiscal months ended September 26, 2014 and September 27, 2013, respectively. The Company's sales in Venezuela were 2% and 4% of consolidated net sales for the nine fiscal months ended September 26, 2014 and September 27, 2013, respectively. Operating loss in Venezuela was 16% of consolidated operating loss and operating income in Venezuela was 30% of consolidated operating income for the nine fiscal months ended September 26, 2014 and September 27, 2013, respectively.

For the three fiscal months ended September 26, 2014 and September 27, 2013, 100% of Venezuela's sales were BsF denominated. For the three fiscal months ended September 26, 2014 and September 27, 2013 Venezuela's cost of sales were approximately 56% and 44% BsF denominated, respectively. For the nine fiscal months ended September 26, 2014 and September 27, 2013, 100% and 99% of Venezuela's sales were BsF denominated, respectively. For the nine fiscal months ended September 26, 2014 and September 27, 2013, Venezuela's cost of sales were approximately 52% and 41% BsF denominated, respectively.

At September 26, 2014, there were approximately $44.3 million of U.S. dollar payables which the Company expects to settle at the official rate. At September 26, 2014, approximately $4.1 million of the requested settlements have been outstanding less than 90 days and $40.2 million have been outstanding over 90 days. Currency exchange controls in Venezuela continue to limit the Company’s ability to repatriate funds from Venezuela. We do not consider the net assets of Venezuela to be integral to the Company’s ability to service its debt or operational requirements.

During the three and nine fiscal months ended September 27, 2013, the Company settled $13.0 million and $55.9 million U.S. dollar denominated intercompany payables and accounts payable in Venezuela, respectively. During the three and nine fiscal months ended September 27, 2013, settlements were made at the rate of 4.30 BsF per U.S. dollar on U.S. dollar denominated intercompany payables and accounts payable because the authorization for copper imports was submitted prior to the devaluation on February 13, 2013. At December 31, 2013, $37.6 million of requests of U.S. dollars to settle U.S. dollar denominated intercompany payables remained pending with CADIVI, which we expected to be settled at the 6.30 BsF per U.S. dollar rate. At December 31, 2013, approximately $22.4 million of the requested settlements had been pending up to 30 days, $15.1 million had

34

been pending up to 180 days, and $0.1 million had been pending over 180 days. All monetary assets and liabilities were remeasured at 6.30 BsF per U.S. dollar at December 31, 2013.

As a result of government restrictions, Venezuela continues to operate in a difficult economic environment. The Company has historically taken steps to address operational challenges including obtaining approval of copper imports at the official rates, purchasing other raw material products domestically, and adjusting prices to reflect raw material cost and adherence to government price controls. These regulations, when considered with other governmental policies in Venezuela, may limit the Company's ability to fully benefit from and maintain the Company's controlling financial interest in its Venezuelan subsidiary. The financial impact on the Company's operations in Venezuela of these events and associated ongoing restrictions are uncertain. At September 26, 2014, management expects ongoing operations to continue in Venezuela, but continues to monitor the economic conditions.

35

23. Supplemental Guarantor Condensed Financial Information

General Cable Corporation (“Parent Company”) and its U.S. 100% wholly-owned subsidiaries (“Guarantor Subsidiaries”) fully and unconditionally guarantee the $600.0 million of 5.75% Senior Notes due in 2022 and the $125.0 million of Senior Floating Rate Notes due in 2015 of the Parent Company on a joint and several basis. The following tables present financial information about the Parent Company, Guarantor Subsidiaries and Non-Guarantor Subsidiaries in millions. Intercompany transactions are eliminated in the "Eliminations" column of the Supplemental Guarantor Condensed Financial Information tables.

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended September 26, 2014

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	512.0		$	959.7		$	—		$	1,471.7
Intercompany	12.1			83.1			46.6			(141.8		)	—
	12.1			595.1			1,006.3			(141.8		)	1,471.7
Cost of sales	—			517.6			1,057.2			(129.7		)	1,445.1
Gross profit	12.1			77.5			(50.9		)	(12.1		)	26.6
Selling, general and administrative expenses	9.9			33.0			71.1			(12.1		)	101.9
Goodwill impairment charge	—			—			—			—			—
Indefinite-lived intangible asset impairment charge	—			—			3.3			—			3.3
Operating income (loss)	2.2			44.5			(125.3		)	—			(78.6		)
Other income (expense)	(1.5		)	11.0			(26.8		)	—			(17.3		)
Interest income (expense):
Interest expense	(15.6		)	(16.9		)	(13.5		)	17.5			(28.5		)
Interest income	13.9			3.6			0.8			(17.5		)	0.8
	(1.7		)	(13.3		)	(12.7		)	—			(27.7		)
Income (loss) before income taxes	(1.0		)	42.2			(164.8		)	—			(123.6		)
Income tax (provision) benefit	0.7			5.4			(1.6		)	—			4.5
Equity in net earnings of affiliated companies and subsidiaries	(123.9		)	(171.5		)	0.1			295.6			0.3
Net income (loss) including non-controlling interest	(124.2		)	(123.9		)	(166.3		)	295.6			(118.8		)
Less: net income (loss) attributable to non-controlling interest	—			—			5.4			—			5.4
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	(123.9	)	$	(171.7	)	$	295.6		$	(124.2	)
Comprehensive income (loss):
Net income (loss)	$	(124.2	)	$	(123.9	)	$	(166.3	)	$	295.6		$	(118.8	)
Currency translation gain (loss)	(54.6		)	(54.6		)	(30.5		)	83.6			(56.1		)
Defined benefit plan adjustments, net of tax	1.0			1.0			0.3			(1.3		)	1.0
Comprehensive income (loss), net of tax	(177.8		)	(177.5		)	(196.5		)	377.9			(173.9		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			3.9			—			3.9
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(177.8	)	$	(177.5	)	$	(200.4	)	$	377.9		$	(177.8	)

36

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Nine Fiscal Months Ended September 26, 2014

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,530.4		$	2,902.7		$	—		$	4,433.1
Intercompany	45.2			229.0			158.6			(432.8		)	—
	45.2			1,759.4			3,061.3			(432.8		)	4,433.1
Cost of sales	—			1,548.2			2,982.0			(387.6		)	4,142.6
Gross profit	45.2			211.2			79.3			(45.2		)	290.5
Selling, general and administrative expenses	37.1			121.6			224.7			(45.2		)	338.2
Goodwill impairment charge	—			—			155.1			—			155.1
Indefinite-lived intangible asset impairment charge	—			2.1			96.7			—			98.8
Operating income (loss)	8.1			87.5			(397.2		)	—			(301.6		)
Other income (expense)	(1.5		)	8.3			(118.2		)	—			(111.4		)
Interest income (expense):
Interest expense	(47.0		)	(49.3		)	(41.4		)	52.1			(85.6		)
Interest income	41.2			10.9			3.0			(52.1		)	3.0
	(5.8		)	(38.4		)	(38.4		)	—			(82.6		)
Income (loss) before income taxes	0.8			57.4			(553.8		)	—			(495.6		)
Income tax (provision) benefit	(0.9		)	2.3			12.4			—			13.8
Equity in net earnings of affiliated companies and subsidiaries	(464.3		)	(524.0		)	0.5			988.7			0.9
Net income (loss) including non-controlling interest	(464.4		)	(464.3		)	(540.9		)	988.7			(480.9		)
Less: net income (loss) attributable to non-controlling interest	—			—			(16.5		)	—			(16.5		)
Net income (loss) attributable to Company common shareholders	$	(464.4	)	$	(464.3	)	$	(524.4	)	$	988.7		$	(464.4	)
Comprehensive income (loss):
Net income (loss)	$	(464.4	)	$	(464.3	)	$	(540.9	)	$	988.7		$	(480.9	)
Currency translation gain (loss)	(54.0		)	(54.0		)	(34.4		)	84.5			(57.9		)
Defined benefit plan adjustments, net of tax	6.0			6.0			3.9			(9.8		)	6.1
Comprehensive income (loss), net of tax	(512.4		)	(512.3		)	(571.4		)	1,063.4			(532.7		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			(20.3		)	—			(20.3		)
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(512.4	)	$	(512.3	)	$	(551.1	)	$	1,063.4		$	(512.4	)

37

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended September 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	507.1		$	1,050.0		$	—		$	1,557.1
Intercompany	12.2			92.5			46.9			(151.6		)	—
	12.2			599.6			1,096.9			(151.6		)	1,557.1
Cost of sales	—			538.6			997.7			(139.4		)	1,396.9
Gross profit	12.2			61.0			99.2			(12.2		)	160.2
Selling, general and administrative expenses	10.1			41.0			78.4			(12.2		)	117.3
Operating income (loss)	2.1			20.0			20.8			—			42.9
Other income (expense)	—			0.3			9.2			—			9.5
Interest income (expense):
Interest expense	(21.4		)	(29.2		)	(11.6		)	31.6			(30.6		)
Interest income	27.6			3.9			1.8			(31.6		)	1.7
	6.2			(25.3		)	(9.8		)	—			(28.9		)
Income (loss) before income taxes	8.3			(5.0		)	20.2			—			23.5
Income tax (provision) benefit	(3.2		)	1.0			(14.0		)	—			(16.2		)
Equity in net earnings of affiliated companies and subsidiaries	0.7			4.7			0.4			(4.9		)	0.9
Net income (loss) including non-controlling interest	5.8			0.7			6.6			(4.9		)	8.2
Less: preferred stock dividends	0.1			—			—			—			0.1
Less: net income (loss) attributable to non-controlling interest	—			—			2.4			—			2.4
Net income (loss) attributable to Company common shareholders	$	5.7		$	0.7		$	4.2		$	(4.9	)	$	5.7
Comprehensive income (loss):
Net income (loss)	$	5.8		$	0.7		$	6.6		$	(4.9	)	$	8.2
Currency translation gain (loss)	11.6			11.6			1.0			(9.7		)	14.5
Defined benefit plan adjustments, net of tax	1.7			1.7			0.5			(2.1		)	1.8
Change in fair value of derivatives, net of tax	(0.3		)	(0.3		)	(0.2		)	0.6			(0.2		)
Comprehensive income (loss), net of tax	18.8			13.7			7.9			(16.1		)	24.3
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			5.5			—			5.5
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	18.8		$	13.7		$	2.4		$	(16.1	)	$	18.8

38

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Nine Fiscal Months Ended September 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,702.2		$	3,057.7		$	—		$	4,759.9
Intercompany	41.7			205.6			222.5			(469.8		)	—
	41.7			1,907.8			3,280.2			(469.8		)	4,759.9
Cost of sales	—			1,685.9			2,992.2			(428.1		)	4,250.0
Gross profit	41.7			221.9			288.0			(41.7		)	509.9
Selling, general and administrative expenses	33.7			140.3			231.1			(41.7		)	363.4
Operating income (loss)	8.0			81.6			56.9			—			146.5
Other income (expense)	—			(6.7		)	(52.1		)	—			(58.8		)
Interest income (expense):
Interest expense	(63.7		)	(84.2		)	(34.6		)	91.8			(90.7		)
Interest income	80.2			11.3			5.0			(91.8		)	4.7
	16.5			(72.9		)	(29.6		)	—			(86.0		)
Income (loss) before income taxes	24.5			2.0			(24.8		)	—			1.7
Income tax (provision) benefit	(9.3		)	(7.5		)	(13.1		)	—			(29.9		)
Equity in net earnings of affiliated companies and subsidiaries	(46.8		)	(41.3		)	0.7			88.9			1.5
Net income (loss) including non-controlling interest	(31.6		)	(46.8		)	(37.2		)	88.9			(26.7		)
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to non-controlling interest	—			—			4.9			—			4.9
Net income (loss) attributable to Company common shareholders	$	(31.9	)	$	(46.8	)	$	(42.1	)	$	88.9		$	(31.9	)
Comprehensive income (loss):
Net income (loss)	$	(31.6	)	$	(46.8	)	$	(37.2	)	$	88.9		$	(26.7	)
Currency translation gain (loss)	(24.6		)	(24.6		)	(39.3		)	59.7			(28.8		)
Defined benefit plan adjustments, net of tax	5.0			5.0			1.4			(6.2		)	5.2
Change in fair value of derivatives, net of tax	(0.1		)	(0.1		)	(0.2		)	0.4			—
Comprehensive income (loss), net of tax	(51.3		)	(66.5		)	(75.3		)	142.8			(50.3		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			1.0			—			1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(51.3	)	$	(66.5	)	$	(76.3	)	$	142.8		$	(51.3	)

39

Condensed Balance Sheets Information

September 26, 2014

	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	2.4		$	270.0	$	—		$	272.4
Receivables, net of allowances	—		302.8			884.7		—			1,187.5
Inventories	—		473.5			804.7		—			1,278.2
Deferred income taxes	—		23.1			21.7		—			44.8
Prepaid expenses and other	1.7		31.4			95.9		—			129.0
Total current assets	1.7		833.2			2,077.0		—			2,911.9
Property, plant and equipment, net	0.5		222.2			665.2		—			887.9
Deferred income taxes	—		—			17.8		—			17.8
Intercompany accounts	1,274.9		434.0			20.9		(1,729.8		)	—
Investment in subsidiaries	536.6		824.9			—		(1,361.5		)	—
Goodwill	—		13.7			13.3		—			27.0
Intangible assets, net	—		12.0			58.4		—			70.4
Unconsolidated affiliated companies	—		8.4			10.9		—			19.3
Other non-current assets	12.5		34.7			40.8		—			88.0
Total assets	$	1,826.2	$	2,383.1		$	2,904.3	$	(3,091.3	)	$	4,022.3
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	169.4		$	686.2	$	—		$	855.6
Accrued liabilities	25.7		83.9			293.6		—			403.2
Current portion of long-term debt	125.0		—			282.4		—			407.4
Total current liabilities	150.7		253.3			1,262.2		—			1,666.2
Long-term debt	778.3		245.1			93.0		—			1,116.4
Deferred income taxes	175.8		(10.7		)	50.4		—			215.5
Intercompany accounts	—		1,294.5			435.3		(1,729.8		)	—
Other liabilities	2.4		64.3			146.9		—			213.6
Total liabilities	1,107.2		1,846.5			1,987.8		(1,729.8		)	3,211.7
Redeemable non-controlling interest	—		—			16.3		—			16.3
Total Company shareholders’ equity	719.0		536.6			824.9		(1,361.5		)	719.0
Non-controlling interest	—		—			75.3		—			75.3
Total liabilities, redeemable non-controlling interest and equity	$	1,826.2	$	2,383.1		$	2,904.3	$	(3,091.3	)	$	4,022.3

40

Condensed Balance Sheets Information

December 31, 2013

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories	—		438.0			801.6		—			1,239.6
Deferred income taxes	—		23.3			26.9		—			50.2
Prepaid expenses and other	1.9		32.7			91.6		—			126.2
Total current assets	2.1		754.7			2,249.7		—			3,006.5
Property, plant and equipment, net	0.6		231.9			859.5		—			1,092.0
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,305.5		507.7			35.8		(1,849.0		)	—
Investment in subsidiaries	1,050.4		1,332.3			—		(2,382.7		)	—
Goodwill	—		13.7			170.9		—			184.6
Intangible assets, net	—		15.5			167.4		—			182.9
Unconsolidated affiliated companies	—		8.0			11.0		—			19.0
Other non-current assets	13.7		33.8			30.6		—			78.1
Total assets	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	118.5		$	752.1	$	—		$	870.6
Accrued liabilities	13.8		103.9			317.2		—			434.9
Current portion of long-term debt	—		—			250.3		—			250.3
Total current liabilities	13.8		222.4			1,319.6		—			1,555.8
Long-term debt	902.0		225.0			9.6		—			1,136.6
Deferred income taxes	175.2		(19.4		)	78.0		—			233.8
Intercompany accounts	—		1,339.7			509.3		(1,849.0		)	—
Other liabilities	1.1		79.5			175.3		—			255.9
Total liabilities	1,092.1		1,847.2			2,091.8		(1,849.0		)	3,182.1
Redeemable non-controlling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Non-controlling interest	—		—			99.6		—			99.6
Total liabilities, redeemable non-controlling interest and equity	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9

41

Condensed Statements of Cash Flows Information

Nine Fiscal Months EndedSeptember 26, 2014

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	16.1		$	51.2		$	(145.4	)	$	—	$	(78.1	)
Cash flows of investing activities:
Capital expenditures	—			(24.2		)	(44.0		)	—		(68.2		)
Proceeds from properties sold	—			3.4			2.0			—		5.4
Other	—			(11.8		)	11.8			—		—
Net cash flows of investing activities	—			(32.6		)	(30.2		)	—		(62.8		)
Cash flows of financing activities:
Dividends paid to shareholders	(26.6		)	—			—			—		(26.6		)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6		)	—			—			—		(0.6		)
Intercompany accounts	41.4			(13.8		)	(27.6		)	—		—
Proceeds from debt	—			1,003.8			760.8			—		1,764.6
Repayments of debt	—			(983.7		)	(614.5		)	—		(1,598.2		)
Purchase of non-controlling interest	—			(1.5		)	1.2					(0.3		)
Dividends paid to non-controlling interest	—			—			(5.2		)	—		(5.2		)
Repurchase of common shares	(30.7		)	—			—					(30.7		)
Proceeds from exercise of stock options	0.2			—			—			—		0.2
Net cash flows of financing activities	(16.3		)	4.8			114.7			—		103.2
Effect of exchange rate changes on cash and cash equivalents	—			(23.2		)	(85.5		)	—		(108.7		)
Increase (decrease) in cash and cash equivalents	(0.2		)	0.2			(146.4		)	—		(146.4		)
Cash and cash equivalents – beginning of period	0.2			2.2			416.4			—		418.8
Cash and cash equivalents – end of period	$	—		$	2.4		$	270.0		$	—	$	272.4

42

Condensed Statements of Cash Flows Information

Nine Fiscal Months EndedSeptember 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	61.3		$	99.5		$	(183.9	)	$	—	$	(23.1	)
Cash flows of investing activities:
Capital expenditures	—			(21.5		)	(43.9		)	—		(65.4		)
Proceeds from properties sold	—			0.3			0.1			—		0.4
Acquisitions, net of cash acquired	—			(2.3		)	(4.6		)	—		(6.9		)
Other	—			(39.2		)	39.4			—		0.2
Net cash flows of investing activities	—			(62.7		)	(9.0		)	—		(71.7		)
Cash flows of financing activities:
Dividends paid to shareholders	(18.1		)	—			—			—		(18.1		)
Excess tax benefits (deficiencies) from stock-based compensation	0.1			—			—			—		0.1
Intercompany accounts	(86.6		)	14.1			72.5			—		—
Proceeds from debt	—			14.7			836.2			—		850.9
Repayments of debt	—			(14.7		)	(764.8		)	—		(779.5		)
Purchase of non-controlling interest	—			8.2			(12.2		)	—		(4.0		)
Dividends paid to non-controlling interest	—			—			(3.2		)	—		(3.2		)
Repurchase of common shares	(19.5		)	—			—			—		(19.5		)
Proceeds from exercise of stock options	0.6			—			—			—		0.6
Net cash flows of financing activities	(123.5		)	22.3			128.5			—		27.3
Effect of exchange rate changes on cash and cash equivalents	—			4.8			(26.5		)	—		(21.7		)
Increase (decrease) in cash and cash equivalents	(62.2		)	63.9			(90.9		)	—		(89.2		)
Cash and cash equivalents - beginning of period	65.3			44.2			512.8					622.3
Cash and cash equivalents - end of period	$	3.1		$	108.1		$	421.9		$	—	$	533.1

Intercompany Activity

The Parent Company and its Guarantor Subsidiaries participate in a cash pooling program. As part of this program, cash balances are generally swept on a daily basis between the Guarantor Subsidiaries’ bank accounts and those of the Parent Company. There are a significant number of the Company’s subsidiaries that participate in this cash pooling arrangement and there are thousands of transactions per week that occur between the Parent Company and Guarantor Subsidiaries, all of which are accounted for through the intercompany accounts.

Parent Company transactions include interest, dividends, tax payments and intercompany sales transactions related to administrative costs incurred by the Parent Company, which are billed to Guarantor Subsidiaries on a cost-plus basis. These costs are reported in the Parent’s “Selling, general and administrative expenses” in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) Information for the respective period(s). All intercompany transactions are presumed to be settled in cash when they occur and are included in operating activities on the statement of cash flows. Non-operating cash flow changes are classified as financing activities.

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below for the nine fiscal months ended September 26, 2014 and the twelve months ended December 31, 2013:

43

(in millions)	September 26, 2014			December 31, 2013
Beginning Balance	$	1,305.5		$	1,566.7
Non-cash transactions
Deferred tax	—			7.1
Equity based awards	10.8			11.7
Foreign currency and other	—			—
Cash transactions	(41.4		)	(280.0		)
Ending Balance	$	1,274.9		$	1,305.5

Dividends

There were no cash dividend payments to the Parent Company from the Guarantor Subsidiaries in the nine fiscal months ended September 26, 2014 or September 27, 2013.

Parent Company Long-Term Debt

At September 26, 2014 and December 31, 2013, the Parent Company was party to the following long-term financing arrangements:

(in millions)	September 26, 2014			December 31, 2013
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(260.2		)	(261.5		)
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	903.3			902.0
Less current maturities	125.0			—
Parent Company Long-term debt	$	778.3		$	902.0

(in millions)	Q3 2015		Q3 2016		Q3 2017		Q3 2018		Q3 2019
Debt maturities twelve month period ending	$	125.0	$	—	$	—	$	—	$	—

For long-term debt related to the Parent Company, refer to Note 9 "Long-Term Debt" of the Notes to the Condensed Consolidated Financial Statements.

Commitments and Contingencies

For contingencies and guarantees related to the Parent Company, refer to Note 19 "Commitments and Contingencies" of the Notes to the Condensed Consolidated Financial Statements.

24. Subsequent Events

In October 2014, the Company received notice of settlement and receipt of payment on a claim with respect to the cancellation of a project in our Europe and Mediterranean segment in the amount of $15 million. 

The Company’s Board conducted a review of the Company’s strategic alternatives and operational structure and as a result, on October 23, 2014, the Company's Board took action to authorize a plan to exit all of the Company's manufacturing operations in Asia Pacific and Africa. The decision to exit all of the Company's businesses in Africa and Asia was not part of the restructuring plan announced in July 2014.

44

GENERAL CABLE CORPORATION AND SUBSIDIARIES

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to help the reader understand the Company’s financial position, changes in financial condition and results of operations. MD&A is provided as a supplement to the Company’s Condensed Consolidated Financial Statements and the accompanying Notes to Condensed Consolidated Financial Statements (“Notes”) and should be read in conjunction with the Condensed Consolidated Financial Statements and Notes.

Certain statements in this report including, without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company’s or management’s beliefs, expectations or opinions, are forward-looking statements, and as such, General Cable desires to take advantage of the “safe harbor” which is afforded to such statements under the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such factors include, but are not limited to, those stated in (i) Item 1A of the Company’s 2013 Annual Report on Form 10-K as filed with the SEC on March 3, 2014, (ii) Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 27, 2014, (iii) the risk factors discussion provided under Item 8.01 Other Events of the Company's Current Report on Form 8-K filed with the SEC on September 22, 2014 and (iv) Part II, Item 1A of this Form 10-Q.

Overview

The Company is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company additionally engages in the design, integration, and installation on a turn-key basis for products such as high and extra- high voltage terrestrial and submarine systems. The Company analyzes its worldwide operations based on three geographical segments: North America, Europe and Mediterranean, and ROW. As of September 26, 2014, the Company manufactured its product lines in 55 manufacturing facilities and sold its products through its global operations. The Company believes it has a strong market position in each of the segments in which it competes due to consistent execution of the Company's guiding principles which are:

• Utilizing the Company's assets, financial strength and flexibility, distribution system, geographic and product diversity, brands, and the talents and strong commitment of employees to build profitability through excellence in the Company's primary business, wire and cable manufacturing and distribution;

• Managing the Company's product portfolio by pursuing market share in fast growing and value-added product lines as well as strategic investments in attractive long term growth opportunities;

• Focusing on continuous improvement and operating efficiency through the execution of Lean Six Sigma (“Lean”) strategies and the Company's technical expertise to maintain the Company's position as a low cost provider;

• Implementing asset optimization and productivity plans focused on improving profitability and return on invested capital in all of our segments;

• Expanding operations through organic growth and acquisitions;

• Leveraging our diversity and intellectual property through the sharing of best practices across the global organization; and

• Maintaining high operational standards through sustainability, safety, and innovation.

By operating under these guiding principles, the Company has been able to build a strong market position in each of the segments in which it competes. The Company considers its key performance indicators to be volume, as measured in metal pounds sold, operating income, net income, adjusted earnings before interest, tax, depreciation and amortization ("adjusted EBITDA"), earnings per share, operating cash flows, the cash conversion cycle, returns on capital employed and invested capital and working capital efficiency.

Significant Current Business Trends and Events

The wire and cable industry is competitive, mature and cost driven with minimal differentiation for many product offerings among industry participants from a manufacturing or technology standpoint. Over the last several years, the Company and the industry have experienced stabilized demand with pockets of relative demand strength. In certain markets global demand remains below historical levels. The following are significant trends and events that occurred in the three and nine months ended September 26, 2014.

Effect of copper and aluminum prices

45

The Company’s reported results are directly influenced by the price of copper, and to a lesser extent, aluminum. The price of copper and aluminum as traded on the London Metal Exchange (“LME”) and Commodity Exchange, Inc. ("COMEX") has historically been subject to considerable volatility. The Company continues to experience volatile commodity pricing, primarily copper and aluminum, as well as volatility in other cost inputs. Volatility in the price of copper and aluminum and other raw materials, as well as fuel and energy, may in turn lead to significant fluctuations in the Company's cost of sales or revenues. A significant portion of the Company's electric utility and telecommunications business and, to a lesser extent, the Company's electrical infrastructure business has metal escalators and de-escalators included in customer contracts under a variety of price setting and recovery formulas. The remainder of the Company's business requires that volatility in the cost of metals be recovered through negotiated price changes with customers. In these instances, the ability to change the Company's selling prices may lag the movement in metal prices by a period of time as the customer price changes are implemented. Therefore, in the short-term, during periods of escalating raw material cost inputs, to the extent the Company is able to increase prices in the market to recover the higher raw material costs, the Company will generally experience an increase in gross profit from the sale of its relatively lower value inventory as computed under the weighted average inventory costing method. If the Company is unable to increase prices with the rise in the raw material market prices due to low levels of demand or market dynamics, the Company will experience lower gross profit. Conversely, during periods of declining raw material cost inputs, to the extent the Company has to decrease prices in the market due to competitive pressure as the current cost of metals declines, the Company will generally experience downward pressure on its gross profit due to the sale of relatively higher value inventory as computed under the weighted average inventory costing method. If the Company is able to maintain price levels in an environment in which raw material prices are declining due to high levels of demand, the Company will experience higher gross profit. There is no exact future measure of the effect to the Company's profitability of the change of raw material cost inputs due to the unique set of selling variables and the high volume of transactions in any given period, each of which involves numerous individual pricing decisions. In the three and nine months ended September 26, 2014, a 1% change in copper and aluminum costs would have impacted the cost of sales by approximately $7 million and $21 million respectively. This impact would directly impact gross profit if the Company was unable to adjust selling prices with a change in the price of copper and aluminum. To help reduce this volatility, the Company has implemented various pricing mechanisms and hedges a portion of its metal purchases when there is a firm price commitment for a future delivery but does not engage in speculative metals trading.

Restructuring activities

The Company’s Board conducted a review of the Company’s strategic alternatives and operational structure and as a result, on October 23, 2014, the Company's Board took action to authorize a plan to exit all of the Company's manufacturing operations in Asia Pacific and Africa. The decision to exit all of the Company's businesses in Africa and Asia was not part of the restructuring plan announced in July 2014. Management will continue to evaluate the recoverability of the carrying amount of its long-lived assets in Asia Pacific and Africa as exit strategies are executed or plans change.

In July 2014, the Company announced that it was implementing a restructuring program. The restructuring program, which builds on previously launched productivity and asset optimization plans, is expected to generate approximately $10 million of savings in 2014, increasing to ongoing annual savings of approximately $75 million beginning in 2016. The restructuring program is focused on the closure of certain underperforming assets as well as the consolidation and realignment of other facilities. The Company is also implementing reductions in SG&A expenses globally. The restructuring program is expected to result in pre-tax charges of approximately $200 million, which includes approximately $80 million of cash costs. The remainder of the charges are expected to be non-cash, primarily related to accelerated depreciation and the write-off of property, plant and equipment resulting from facility closures, as well as asset impairment charges for asset groups to be held-and-used in locations which are being restructured and it has been determined the undiscounted cash flows expected to result from the use and eventual disposition of the assets exceed their carrying value. In the three and nine months ended September 26, 2014, costs incurred were $0.4 million and $3.6 million in the North America segment, $105.7 million and $105.7 million in the Europe and Mediterranean segment, and $13.5 million and $37.0 million in the ROW segment, respectively. These actions are anticipated to result in the elimination of approximately1,000 positions globally, representing nearly 7% of our workforce. The Company anticipates a majority of the total charges will be incurred in 2014.

In February 2014, as part of the Company's productivity and asset optimization plans, the Company announced the permanent closure of two manufacturing facilities in the electric utility business in North America. The Company expected to incur $10.0 million to $12.0 million (these costs are not included in the $200 million described above), half of which was expected to be non-cash, in pre-tax costs in 2014 related to the closure of these two manufacturing facilities. In the nine fiscal months ended September 26, 2014, we incurred charges of $8.4 million related to these closures and other cost reductions. The permanent closure of these two manufacturing facilities is expected to generate ongoing annual savings of $3.0 million to $5.0 million.

46

Third quarter 2014 Brazil rod mill asset impairment

In the three months ended September 26, 2014, the Company's Brazil aluminum rod mill manufacturing plant announced its intent to cease operations by the end of 2014. As a result, the Company recorded a long-lived asset impairment charge of $13.1 million in the three and nine months ended September 26, 2014.  The impairment charge was recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

Events affecting Venezuelan Operations and related goodwill and indefinite-lived trade name impairment charges

In the first quarter of 2014 the following events changed which reduced the fair value of the PDIC reporting unit as discussed in Note 7 - Goodwill and Other Intangible Assets:

• Except certain cost of sales related to copper inventory, all of the BsF denominated revenues and expenses for future periods reflected remeasurement using the SICAD 1 rate versus the prior official rate of 6.30 BsF per U.S. dollar. Due to the changes in the currency exchange system and the rate used to remeasure the financial statements of the Venezuelan entity, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Company experienced a significant decline in its stock price, resulting in the Company’s market capitalization falling below its book value.

The above factors led to a decrease in our cash flow projections for the PDIC reporting unit and therefore the Company completed an impairment test for the goodwill and indefinite lived-trade name assets. Based on the results of this work, the carrying amount of the reporting unit exceeded the fair value and the carrying value of the trade name exceeded the fair value. The Company recognized a goodwill impairment charge of $155.1 million and an impairment charge of $93.4 million for the indefinite-lived trade name associated with the PDIC reporting unit in the nine months endedSeptember 26, 2014.

Seasonality

The Company generally has experienced and expects to continue to experience certain seasonal trends in many products in which demand is linked with construction spending. Demand for these products during winter months in certain geographies is usually lower than demand during spring and summer months. Therefore, larger amounts of working capital are generally required during winter months in order to build inventories in anticipation of higher demand during the spring and summer months, when construction activity increases. In turn, receivables related to higher sales activity during the spring and summer months are generally collected during the fourth quarter of the year. Additionally, the Company has historically experienced changes in demand resulting from poor or unusual weather.

Trends

In addition to the factors previously mentioned, the Company is currently being affected by the following general macro-level trends:

• Currency volatility and continued political uncertainty in certain markets, in particular Venezuela and Thailand;

• Competitive price pressures in certain markets;

• New commodity deposits are more difficult to find, harder and more expensive to extract, and lower in quantities;

• Recovery is slowly advancing in Europe and demand continues to be uneven for a broad spectrum of products in Europe;

• New communications networks are an enabling technology, resulting in access to knowledge, a great equalizer;

• Climate change concerns are resulting in increased regulatory energy mandates, emphasizing renewable sources of energy;

• Project timing continues to be volatile resulting in a lag in demand in all segments;

• Countries are seeking greater energy independence for political and economic reasons;

47

• Certain markets in the U.S. and Canada have remained relatively stable compared to the uneven and challenging operating environments of the emerging economies but were negatively impacted in the first quarter of 2014 by extreme winter weather in North America;

• Utility and construction spending in North America and Latin America remains uneven as the tepid pace of the economic recovery continues to hamper growth in key end markets.

The Company's overall financial results discussed in this section of the quarterly report reflect the above trends.

48

Results of Operations

The following table sets forth, for the periods indicated, consolidated statements of operations data in millions of dollars and as a percentage of net sales. Percentages may not add due to rounding. 

	Three Fiscal Months Ended										Nine Fiscal Months Ended
	September 26, 2014					September 27, 2013					September 26, 2014					September 27, 2013
	Amount			%		Amount			%		Amount			%		Amount			%
Net sales	$	1,471.7		100.0	%	$	1,557.1		100.0	%	$	4,433.1		100.0	%	$	4,759.9		100.0	%
Cost of sales	1,445.1			98.2	%	1,396.9			89.7	%	4,142.6			93.4	%	4,250.0			89.3	%
Gross profit	26.6			1.8	%	160.2			10.3	%	290.5			6.6	%	509.9			10.7	%
Selling, general and administrative expenses	101.9			6.9	%	117.3			7.5	%	338.2			7.6	%	363.4			7.6	%
Goodwill impairment charge	—			—	%	—			—	%	155.1			3.5	%	—			—	%
Indefinite-lived intangible asset impairment charge	3.3			0.2	%	—			—	%	98.8			2.2	%	—			—	%
Operating income (loss)	(78.6		)	(5.3	)%	42.9			2.8	%	(301.6		)	(6.8	)%	146.5			3.1	%
Other income (expense)	(17.3		)	(1.2	)%	9.5			0.6	%	(111.4		)	(2.5	)%	(58.8		)	(1.2	)%
Interest expense, net	(27.7		)	(1.9	)%	(28.9		)	(1.9	)%	(82.6		)	(1.9	)%	(86.0		)	(1.8	)%
Income (loss) before income taxes	(123.6		)	(8.4	)%	23.5			1.5	%	(495.6		)	(11.2	)%	1.7			—	%
Income tax (provision) benefit	4.5			0.3	%	(16.2		)	(1.0	)%	13.8			0.3	%	(29.9		)	(0.6	)%
Equity in net earnings of unconsolidated affiliated companies	0.3			—	%	0.9			0.1	%	0.9			—	%	1.5			—	%
Net income (loss) including non-controlling interest	(118.8		)	(8.1	)%	8.2			0.5	%	(480.9		)	(10.8	)%	(26.7		)	(0.6	)%
Less: preferred stock dividends	—			—	%	0.1			—	%	—			—	%	0.3			—	%
Less: net income (loss) attributable to non-controlling interest	5.4			0.4	%	2.4			0.2	%	(16.5		)	(0.4	)%	4.9			0.1	%
Net income (loss) attributable to Company common shareholders	$	(124.2	)	(8.4	)%	$	5.7		0.4	%	$	(464.4	)	(10.5	)%	$	(31.9	)	(0.7	)%

Three Fiscal Months EndedSeptember 26, 2014 Compared with Three Fiscal Months EndedSeptember 27, 2013

Net Sales

The following tables set forth net sales, metal-adjusted net sales, and metal pounds sold by segment, in millions. For the metal-adjusted net sales results, net sales for the three months endedSeptember 27, 2013 have been adjusted to reflect the three months endedSeptember 26, 2014 copper average price of $3.16 per pound (a $0.07 decrease compared to the same period in 2013) and the aluminum average price of $1.11 per pound (a $0.19 increase compared to the same period in 2013). Metal-adjusted net sales, a non-GAAP financial measure, are provided herein in order to eliminate an estimate of metal price volatility from the comparison of revenues from one period to another. The comparable GAAP financial measure is set forth below.

See previous discussion of metal price volatility in the “Significant Current Business Trends and Events - Effect of copper and aluminum prices".

	Net Sales Three Fiscal Months Ended
	September 26, 2014				September 27, 2013
	Amount		%		Amount		%
North America	$	644.1	44	%	$	663.2	42	%
Europe and Mediterranean	351.9		24	%	383.4		25	%
ROW	475.7		32	%	510.5		33	%
Total net sales	$	1,471.7	100	%	$	1,557.1	100	%

49

	Metal-Adjusted Net Sales Three Fiscal Months Ended
	September 26, 2014				September 27, 2013
	Amount		%		Amount			%
North America	$	644.1	44	%	$	675.6		43	%
Europe and Mediterranean	351.9		24	%	386.5			24	%
ROW	475.7		32	%	513.9			33	%
Total metal-adjusted net sales	$	1,471.7	100	%	$	1,576.0		100	%
Metal adjustment	—				(18.9		)
Total net sales	$	1,471.7			$	1,557.1

	Metal Pounds Sold Three Fiscal Months Ended
	September 26, 2014			September 27, 2013
	Pounds	%		Pounds	%
North America	135.6	45	%	141.7	44	%
Europe and Mediterranean	53.9	18	%	63.3	20	%
ROW	113.5	37	%	115.3	36	%
Total metal pounds sold	303.0	100	%	320.3	100	%

Net sales decreased $85.4 million to $1,471.7 million for the three months endedSeptember 26, 2014 from $1,557.1 million for the three months endedSeptember 27, 2013. After adjusting the three months endedSeptember 27, 2013 net sales to reflect the $0.07 decrease in the average monthly copper price per pound and the $0.19 increase in the average aluminum price per pound, net sales of $1,471.7 million reflects a decrease of $104.3 million, or 7%, from the metal adjusted net sales of $1,576.0 million in three months endedSeptember 27, 2013. Volume, as measured by metal pounds sold, decreased 17.3 million pounds, or 5%, to 303.0 million pounds in the three months endedSeptember 26, 2014 as compared to 320.3 million pounds for the three months endedSeptember 27, 2013. Metal pounds sold, a non-GAAP measure, is provided herein as the Company believes this metric to be an appropriate measure of sales volume since it is not impacted by metal prices or foreign currency exchange rate changes. The decrease in sales on a metal adjusted basis is primarily due to decreased volume of $41.5 million, unfavorable selling price and product mix of approximately $16.5 million and unfavorable foreign currency exchange rate changes of $46.3 million on the translation of reported revenues.

Metal-adjusted net sales in the North America segment decreased $31.5 million, or 5%. The decrease in sales on a metal adjusted basis is due to decreased volume of $14.6 million, unfavorable selling price and product mix of approximately $10.8 million and unfavorable foreign currency exchange rate changes of $6.1 million on the translation of reported revenues, principally related to the Canadian dollar. Volume, as measured by metal pounds sold, decreased 6.1 million pounds, or 4%, pounds in the three months endedSeptember 26, 2014 compared to the three months endedSeptember 27, 2013. The decrease in demand was primarily due to weak utility and construction spending as a result of the uneven pace of the economic recovery which continues to hamper growth in key end-markets.

Metal-adjusted net sales in the Europe and Mediterranean segment decreased $34.6 million, or 9%. The decrease in sales on a metal adjusted basis is due to decreased volume of $22.6 million, unfavorable selling price and product mix of approximately $11.5 million and unfavorable foreign currency exchange rate changes of $0.5 million on the translation of reported revenues. Volume, as measured by metal pounds sold, decreased by 9.4 million pounds, or 15%, for the three months endedSeptember 26, 2014 compared to the three months endedSeptember 27, 2013. The decrease in demand was primarily attributable to continued weak economic conditions in Iberia, which negatively influenced demand across a broad spectrum of products.

Metal-adjusted net sales in the ROW segment decreased $38.2 million or 7%. The decrease in sales on a metal adjusted basis is primarily due to unfavorable foreign currency exchange rate changes of $39.7 million on the translation of reported revenues primarily due to the weakening of certain currencies in Central and South America relative to the U.S. dollar and decreased volume of $4.3 million partially offset by favorable selling price and product mix of approximately $5.8 million. Volume, as measured by metal pounds sold, decreased by 1.8 million pounds, or 2%, in the three months endedSeptember 26, 2014 compared to the three months endedSeptember 27, 2013. The decrease in demand is primarily attributable to economic and political instability in Venezuela and a decline in project shipments for Brazilian aerial transmission projects, partially offset by increased Chilean copper rod sales within the region in the three months endedSeptember 26, 2014.

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Cost of Sales

Cost of sales increased $48.2 million to $1,445.1 million in the three months endedSeptember 26, 2014 from $1,396.9 million in the three months endedSeptember 27, 2013. The percentage increase in cost of sales, 3%, is not consistent with the percentage decrease in sales, 5%, in the three months endedSeptember 26, 2014 as compared to the three months endedSeptember 27, 2013 primarily due to non-cash asset-related charges of $85.8 million and employee separation and other costs of $24.1 million both related to the global restructuring plan, as well as a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in the three months endedSeptember 26, 2014 partially offset by a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in the three months endedSeptember 27, 2013. As previously noted, cost of sales is raw material intensive with copper and aluminum comprising the major cost components for cable products. At current metal prices, material costs are approximately 85% of total product costs with copper and aluminum metal costs comprising approximately 50% of total product cost.

Gross Profit

Gross profit decreased $133.6 million, or 83% for the three months endedSeptember 26, 2014 from the three months endedSeptember 27, 2013. Gross profit as a percentage of sales was 2% and 10% for the three months endedSeptember 26, 2014 and September 27, 2013, respectively. Gross profit as a percentage of sales decreased primarily due to non-cash asset-related charges of $85.8 million and employee separation and other costs of $24.1 million both related to the global restructuring plan, as well as a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in the three months endedSeptember 26, 2014 partially offset by a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in the three months endedSeptember 27, 2013.

Selling, General and Administrative Expense

Selling, general and administrative expense (“SG&A”) decreased $15.4 million, or 13% for the three months endedSeptember 26, 2014 as compared to the three months endedSeptember 27, 2013 primarily due the Company's efforts to decrease SG&A costs, a $5.0 million settlement on recovery of losses associated with reported theft of inventory within our Brazilian subsidiary in the three months endedSeptember 26, 2014 as well as $4.8 million of costs in the third quarter of 2013 related to legal and tax assessment charges partially offset by employee separation and other costs incurred as part of the global restructuring plan of $6.4 million in the three months endedSeptember 26, 2014. SG&A as a percentage of metal-adjusted net sales was approximately 7% for both the three months endedSeptember 26, 2014 and for the three months endedSeptember 27, 2013.

Operating Income (Loss)

The following table sets forth operating income (loss) by segment, in millions of dollars.

	Operating Income (Loss)
	Three Fiscal Months Ended
	September 26, 2014					September 27, 2013
	Amount			%		Amount		%
North America	$	48.0		(61	)%	$	25.2	59	%
Europe and Mediterranean	(107.3		)	136	%	7.6		18	%
ROW	(19.3		)	25	%	10.1		23	%
Total operating income (loss)	$	(78.6	)	100	%	$	42.9	100	%

The increase in operating income for the North America segment of $22.8 million was primarily attributable to results in the Company’s North American electric utility, electrical infrastructure and rod mill and strip aluminum businesses in the three months endedSeptember 26, 2014.

The decrease in operating income for the Europe and Mediterranean segment of $114.9 million was primarily due to non-cash long-lived asset-related charges of $77.6 million and employee separation and other costs of $28.1 million both related to the global restructuring plan as well as due to weaker demand throughout Europe including Spain.

The decrease in operating income for the ROW segment of $29.4 million was primarily due to non-cash long-lived asset-related charges of $8.2 million and employee separation and other costs of $5.3 million both related to the global restructuring plan, as well as a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in the three months endedSeptember 26, 2014 and the negative impact due to the social unrest in Venezuela in the three months endedSeptember 26, 2014 partially offset by a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in the three months endedSeptember 27, 2013.

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Other Income (Expense)

Other income (expense) includes foreign currency transaction gains or losses, which result from changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated as well as gains and losses on derivative instruments that are not designated as cash flow hedges. During the three months ended September 26, 2014 and September 27, 2013, the Company recorded other expense of $17.3 million and other income of $9.5 million, respectively. For the three months ended September 26, 2014, other expense was primarily attributable to $19.8 million related to foreign currency transaction losses, of which $14.1 million was related to the remeasurement of the local balance sheet in Venezuela as the SICAD I rate depreciated during the third quarter, partially offset by $6.0 million related to gains on derivative instruments that were not designated as cash flow hedges. For the three months ended September 27, 2013, other income was primarily attributable to $2.9 million related to gains on derivative instruments that were not designated as cash flow hedges and other income of $6.6 million related to foreign currency transactions which included $4.3 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to the currency devaluation on February 13, 2013 (described in Note 22 - Venezuelan Operations) and settled in the second quarter of 2013.

Refer to Note 22 - Venezuelan Operations for recent developments regarding the Company's Venezuelan operations.

Interest Expense

Net interest expense decreased to $27.7 million for the three months endedSeptember 26, 2014 from $28.9 million for the three months endedSeptember 27, 2013 primarily attributable to the repayment at maturity of the $355.0 million in aggregate principal of the 0.875% Convertible Notes due 2013 in the fourth quarter of 2013 partially offset by increased working capital needs in ROW.

Tax Provision

The Company’s effective tax rate for the three months endedSeptember 26, 2014 and September 27, 2013 was 3.6% and 68.9% respectively. The low effective tax rate for the three months endedSeptember 26, 2014 was primarily due to the combined impact of no tax benefits being available for the $14.1 million Venezuelan currency revaluation loss, recording a relatively small $2.3 million tax benefit on $119.6 million of asset-related costs and restructuring charges, and the impact of full year forecasted operational losses incurred in jurisdictions where valuation allowances are recorded against net deferred tax assets.  These unfavorable effective tax rate drivers were partially offset by an $8.0 million income tax benefit associated with uncertain tax position reserve releases during the three months endedSeptember 26, 2014. The effective tax rate for the three months endedSeptember 27, 2013 was negatively influenced by the impact of recording no tax benefit on full year forecasted losses in jurisdictions where valuation allowances were recorded against deferred tax assets. 

Preferred Stock Dividends

The Company accrued and paid $0.1 million in dividends on its preferred stock for the three months endedSeptember 27, 2013. The Company’s outstanding shares of the Series A preferred stock were mandatorily redeemed on November 24, 2013. Prior to the redemption date, all but two shareholders elected to convert their shares into shares of the Company’s common stock at the conversion ratio of 5.056 shares of common stock per share of Series A preferred stock.  As a result of the conversions and mandatory redemption, as of November 25, 2013, no shares of the Series A preferred stock were outstanding during the three months endedSeptember 26, 2014.

Nine Fiscal Months EndedSeptember 26, 2014 Compared with Nine Fiscal Months EndedSeptember 27, 2013

Net Sales

The following tables set forth net sales, metal-adjusted net sales, and metal pounds sold by segment, in millions. For the metal-adjusted net sales results, net sales for the nine months endedSeptember 27, 2013 have been adjusted to reflect the nine months endedSeptember 26, 2014 copper average price of $3.17 per pound (a $0.19 decrease compared to the same period in 2013) and the aluminum average price of $1.03 (a $0.07 increase compared to the same period in 2013). Metal-adjusted net sales, a non-GAAP financial measure, are provided herein in order to eliminate an estimate of metal price volatility from the comparison of revenues from one period to another. The comparable GAAP financial measure is set forth below.

See previous discussion of metal price volatility in the “Significant Current Business Trends and Events - Effect of copper and aluminum prices".

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	Net Sales Nine Fiscal Months Ended
	September 26, 2014				September 27, 2013
	Amount		%		Amount		%
North America	$	1,884.1	43	%	$	2,074.7	44	%
Europe and Mediterranean	1,114.5		25	%	1,180.4		25	%
ROW	1,434.5		32	%	1,504.8		31	%
Total net sales	$	4,433.1	100	%	$	4,759.9	100	%

	Metal-Adjusted Net Sales Nine Fiscal Months Ended
	September 26, 2014				September 27, 2013
	Amount		%		Amount		%
North America	$	1,884.1	43	%	$	2,057.5	44	%
Europe and Mediterranean	1,114.5		25	%	1,164.1		25	%
ROW	1,434.5		32	%	1,475.7		31	%
Total metal-adjusted net sales	$	4,433.1	100	%	$	4,697.3	100	%
Metal adjustment	—				62.6
Total net sales	$	4,433.1			$	4,759.9

	Metal Pounds Sold Nine Fiscal Months Ended
	September 26, 2014			September 27, 2013
	Pounds	%		Pounds	%
North America	404.6	43	%	437.8	45	%
Europe and Mediterranean	175.1	19	%	208.2	21	%
ROW	350.9	38	%	325.6	34	%
Total metal pounds sold	930.6	100	%	971.6	100	%

Net sales decreased $326.8 million to $4,433.1 million for the nine months endedSeptember 26, 2014 from $4,759.9 million for the nine months endedSeptember 27, 2013. After adjusting the nine months endedSeptember 27, 2013 net sales to reflect the $0.19 decrease in the average monthly copper price per pound and the $0.07 increase in the average aluminum price per pound, net sales of $4,433.1 million reflects a decrease of $264.2 million, or 6%, from the metal adjusted net sales of $4,697.3 million in 2013. Volume, as measured by metal pounds sold, decreased 41.0 million pounds, or 4%, to 930.6 million pounds in the nine months endedSeptember 26, 2014 as compared to 971.6 million pounds for the nine months endedSeptember 27, 2013. Metal pounds sold, a non-GAAP measure, is provided herein as the Company believes this metric to be an appropriate measure of sales volume since it is not impacted by metal prices or foreign currency exchange rate changes. The decrease in sales on a metal adjusted basis is primarily due to decreased volume of $95.5 million and unfavorable foreign currency exchange rate changes of $124.1 million on the translation of reported revenues and by unfavorable selling price and product mix of approximately $44.6 million.

Metal-adjusted net sales in the North America segment decreased $173.4 million, or 8%. The decrease in sales on a metal adjusted basis is due to decreased volume of $77.3 million, unfavorable selling price and product mix of approximately $75.6 million and unfavorable foreign currency exchange rate changes of $20.5 million on the translation of reported revenues, principally related to the Canadian dollar. Volume, as measured by metal pounds sold, decreased 33.2 million pounds in the nine months endedSeptember 26, 2014 compared to the nine months endedSeptember 27, 2013. The decrease in demand was primarily due to weak utility and construction spending as a result of the uneven pace of the economic recovery hampering growth in key end-markets. In addition, 2013 reflects a strong contribution from bare aluminum transmission projects as compared to 2014 which vary depending on project timing.

Metal-adjusted net sales in the Europe and Mediterranean segment decreased $49.6 million, or 4%. The decrease in sales on a metal adjusted basis is due to decreased volume of $77.1 million and unfavorable selling price and product mix of approximately $0.7 million partially offset by favorable foreign currency exchange rate changes of $28.2 million on the translation of reported revenues primarily due to a stronger Euro relative to the U.S. dollar. Volume, as measured by metal pounds sold, decreased by 33.1 million pounds, or 16%, for the nine months endedSeptember 26, 2014 compared to the nine months endedSeptember 27,

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2013. The decrease in demand was primarily attributable to continued weak economic conditions in Iberia, which negatively influenced demand across a broad spectrum of products.

Metal-adjusted net sales in the ROW segment decreased $41.2 million, or 3%. The decrease in sales on a metal adjusted basis is primarily due to unfavorable foreign currency exchange rate changes of $131.8 million on the translation of reported revenues primarily due to the weakening of certain currencies in Central and South America relative to the U.S. dollar, partially offset by increased volume of $58.9 million and favorable selling price and product mix of approximately $31.7 million. Volume, as measured by metal pounds sold, increased by 25.3 million pounds, or 8%, in the nine months endedSeptember 26, 2014 compared to the nine months endedSeptember 27, 2013. The increase in demand is primarily attributable to increased Chilean copper rod sales within the region in the nine months endedSeptember 26, 2014.

Cost of Sales

Cost of sales decreased $107.4 million to $4,142.6 million in the nine months endedSeptember 26, 2014 from $4,250.0 million in the nine months endedSeptember 27, 2013. The percentage decrease in cost of sales, 3%, is less than the percentage decrease in sales, 7%, in the nine months endedSeptember 26, 2014 as compared to the nine months endedSeptember 27, 2013 primarily due to non-cash long-lived asset-related charges of $109.2 million and employee separation and other costs of $27.4 million both related to the global restructuring plan, $8.4 million of costs related to the permanent closure of two manufacturing facilities in our electric utility business in North America, and a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in the nine months endedSeptember 26, 2014 partially offset by a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in the nine months endedSeptember 27, 2013. As previously noted, cost of sales is raw material intensive with copper and aluminum comprising the major cost components for cable products. At current metal prices, material costs are approximately 85% of total product costs with copper and aluminum metal costs comprising approximately 50% of total product cost.

Gross Profit

Gross profit decreased $219.4 million, or 43%, for the nine months endedSeptember 26, 2014 from the nine months endedSeptember 27, 2013. Gross profit as a percentage of sales was 7% and 11% for the nine months endedSeptember 26, 2014 and for the nine months endedSeptember 27, 2013, respectively. Gross profit as a percentage of sales decreased primarily due to non-cash long-lived asset-related charges of $109.2 million and employee separation and other costs of $27.4 million both related to the global restructuring plan, $8.4 million of costs related to the permanent closure of two manufacturing facilities in our electric utility business in North America, and a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in the nine months endedSeptember 26, 2014 partially offset by a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in the nine months endedSeptember 27, 2013.

Selling, General and Administrative Expense

SG&A decreased $25.2 million, or 7% for the nine months endedSeptember 26, 2014 as compared to the nine months endedSeptember 27, 2013 primarily due the Company's efforts to decrease SG&A costs, a $5.0 million settlement on recovery of losses associated with reported theft of inventory within our Brazilian subsidiary in the nine months ended September 26, 2014 as well as $4.8 million of costs in the third quarter of 2013 related to legal and tax assessment charges and favorable foreign currency exchange rate changes of $5.9 million in nine months endedSeptember 27, 2013 partially offset by employee separation and other costs incurred as part of the global restructuring plan of $6.4 million. SG&A as a percentage of metal-adjusted net sales was approximately 8% for the nine months endedSeptember 26, 2014 and for the nine months endedSeptember 27, 2013.

Operating Income (Loss)

The following table sets forth operating income (loss) by segment, in millions of dollars.

	Operating Income (Loss)
	Nine Fiscal Months Ended
	September 26, 2014					September 27, 2013
	Amount			%		Amount			%
North America	$	97.9		(32	)%	$	106.6		73	%
Europe and Mediterranean	(97.1		)	32	%	(7.8		)	(5	)%
ROW	(302.4		)	100	%	47.7			32	%
Total operating income (loss)	$	(301.6	)	100	%	$	146.5		100	%

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The decrease in operating income for the North America segment of $8.7 million was primarily attributable to decreased demand as noted above as well as $8.4 million of costs related to the permanent closure of two manufacturing facilities in our electric utility business in North America.

The decrease in operating income for the Europe and Mediterranean segment of $89.3 million was primarily due to a non-cash long-lived asset-related charge of $77.6 million and employee separation and other costs of $28.1 million both related to the global restructuring plan partially offset by the execution of the submarine turnkey project business in the nine months endedSeptember 26, 2014 as compared to the nine months endedSeptember 27, 2013.

The decrease in operating income for the ROW segment of $350.1 million was primarily attributable to a non-cash impairment charge related to goodwill and other indefinite-lived trade names of $248.5 million, non-cash long-lived asset-related charges of $28.4 million and employee separation and other costs of $8.6 million both related to the global restructuring plan, a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill recognized in the nine months endedSeptember 26, 2014, and the negative impact due to the social unrest in Venezuela and Thailand in the nine months endedSeptember 26, 2014 partially offset by a long-lived asset impairment charge related to the Mexico assets of $14.0 million recognized in the nine months endedSeptember 27, 2013.

Other Income (Expense)

Other income (expense) includes foreign currency transaction gains or losses, which result from changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated as well as gains and losses on derivative instruments that are not designated as cash flow hedges. During the nine months ended September 26, 2014 and September 27, 2013, the Company recorded other expense of $111.4 million and $58.8 million, respectively. For the nine months ended September 26, 2014, other expense was primarily attributable to $83.1 million related to the Venezuela currency devaluation, $4.7 million related to losses on derivative instruments that were not designated as cash flow hedges and other expense of $20.1 million related to foreign currency transaction losses, of which $11.6 million was related to the remeasurement of the local balance sheet in Venezuela as the SICAD I rate depreciated from the first quarter of 2014. For the nine months ended September 27, 2013, other expense was primarily attributable to $40.9 million related to the Venezuela currency devaluation, $17.5 million related to losses on derivative instruments that were not designated as cash flow hedges and other expense of $1.4 million related to foreign currency transaction losses which included $16.0 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to the currency devaluation on February 13, 2013.

Refer to Note 22 - Venezuelan Operations for recent developments regarding the Company's Venezuelan operations.

Interest Expense

Net interest expense decreased to $82.6 million for the nine months endedSeptember 26, 2014 from $86.0 million for the nine months endedSeptember 27, 2013 primarily attributable to the repayment at maturity of the $355.0 million 0.875% Convertible Notes due 2013 which were repaid in the fourth quarter of 2013 partially offset by increased working capital needs in ROW.

Tax Provision

The Company’s effective tax rate for the nine months endedSeptember 26, 2014 and September 27, 2013 was 2.8% and 1,758.8% respectively. The low effective tax rate on the pre-tax loss for the nine months endedSeptember 26, 2014 was primarily due to a relatively small income tax benefit recorded on the significant pre-tax charges related to asset impairments, restructuring charges, Venezuela currency devaluation loss, and other operational losses incurred in jurisdictions where valuation allowances are recorded against net deferred tax assets.  In the first quarter, a $19.9 million income tax benefit was recognized due to the reversal of deferred tax liabilities associated with the $93.4 million PDIC trade name impairment charge, a $0.1 million income tax benefit was recognized on the $155.1 million PDIC goodwill impairment charge, no income tax benefit was recognized on the $8.8 million Venezuela lower of cost or market inventory charge, and no income tax benefit was recognized related to the $83.1 million Venezuelan currency devaluation charge. In the second and third quarters, a $2.8 million income tax benefit was recorded on $146.3 million of asset-related costs and restructuring charges and no tax benefit was recognized related to the $11.6 million of net Venezuelan currency revaluation losses. These unfavorable effective tax rate drivers were partially offset by $14.7 million of uncertain tax position reserve releases recorded in nine months endedSeptember 26, 2014. The extremely high effective tax rate on the pre-tax income for the nine months endedSeptember 27, 2013 reflects the combined impact of the small $1.7 million pre-tax income, no tax benefit on the Venezuelan currency devaluation loss, the greater mix of earnings in high tax jurisdictions, and the impact of full year forecasted losses in jurisdictions where valuation allowances were recorded against deferred tax assets.

Preferred Stock Dividends

The Company accrued and paid $0.3 million in dividends on its preferred stock for the nine months endedSeptember 27, 2013. The Company’s outstanding shares of the Series A preferred stock were mandatorily redeemed on November 24, 2013. Prior to

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the redemption date, all but two shareholders elected to convert their shares into shares of the Company’s common stock at the conversion ratio of 5.056 shares of common stock per share of Series A preferred stock.  As a result of the conversions and mandatory redemption, as of November 25, 2013, no shares of the Series A preferred stock were outstanding during the nine months endedSeptember 26, 2014.

Liquidity and Capital Resources

Cash flows from operations as well as borrowings under our Revolving Credit Facility provide the primary source for financing operating expenses and other short term liquidity needs. As necessary the Company incurs additional borrowings to fund working capital needs, debt and interest payments, as well as discretionary investment in internal product development, acquisitions, cash dividends, repurchase of common stock and to fund tax payments. The overall cash position of the Company reflects the business results and a global cash management strategy that incorporates liquidity management, economic factors, and tax considerations.

General Cable Corporation is a holding company with no operations of its own. All of the Company’s operations are conducted, and net sales are generated, by its subsidiaries and investments. Accordingly, the Company’s cash flow comes from the cash flows of its global operations. The Company’s ability to use cash flow from its international operations, if necessary, has historically been adversely affected by limitations on the Company’s ability to repatriate such earnings tax efficiently. As of September 26, 2014 and December 31, 2013, approximately 99% of cash and cash equivalents were held outside of the U.S. by the Company's foreign subsidiaries. If these funds are needed for the Company's operations in the U.S., the Company would be required to accrue and pay U.S. taxes to repatriate these funds. However, the Company does not demonstrate a need to repatriate this cash to fund U.S. operations. In addition, our Revolving Credit Facility provides the Company flexibility in financing operating expenses and any other short term liquidity needs of our North American and European operations.

Our operations in Venezuela are subject to foreign exchange and price controls which have historically limited the Company’s ability to convert bolivars to U.S. dollars and transfer funds out of Venezuela. Approximately 39% and 46% of the consolidated cash and cash equivalents balance as of September 26, 2014 and December 31, 2013, respectively, was held in Venezuela. Operating cash flows attributable to Venezuela were $5.2 million and $53.9 million during the nine months ended September 26, 2014 and September 27, 2013, respectively. Venezuela maintained approximately $50.8 million and $57.1 million of excess availability under its various credit facilities as of September 26, 2014 and December 31, 2013, respectively. In Venezuela, government restrictions on the transfer of cash out of the country have limited the Company's ability to repatriate cash. The Company does not consider the net assets of Venezuela to be integral to the Company's ability to service its debt and operational requirements.

Summary of Cash Flows

Operating cash outflow of $78.1 million for the nine months ended September 26, 2014 reflects a net working capital use of $170.7 million as compared to $190.3 million in the nine months ended September 27, 2013. The net working capital use in the nine months endedSeptember 26, 2014 is primarily due to an increase in accounts receivable and inventory of $104.0 million and $81.7 million, respectively. The increase in accounts receivable in the nine months ended September 26, 2014 is consistent with the nine months ended September 27, 2013. The increase in inventory in the nine months ended September 26, 2014 is due to lower demand in the third quarter as compared to management's expectation of the seasonal demand in the spring and summer months. In the third quarter of 2014, the Company increased its efforts to decrease inventory levels globally. The increase due to accounts receivable and inventory is partially offset by the increase in accounts payable, accrued and other liabilities of $11.5 million in the nine months ended September 26, 2014 which is primarily driven by an increase in accounts payable used to fund the inventory increase. The decrease in accounts payable, accrued and other liabilities in the nine months endedSeptember 27, 2013 was primarily driven by accounts payable which were reduced in the first half of 2013 by a combination of utilizing cash on the balance sheet and local credit facilities in certain foreign units, principally Brazil, Chile, Thailand and Zambia. Overall, the use of working capital was partially offset by the generation of cash inflows of $92.6 million related to net income (loss) adjusted for depreciation and amortization, amortization of restricted stock awards, foreign currency exchange (gains) losses, deferred income taxes, excess tax (benefits) deficiencies from stock-based compensation, goodwill and indefinite-lived intangible asset impairment charges, non-cash asset impairment charges, convertible debt instruments non-cash interest charges and losses on disposal of property.

Cash flow used by investing activities was $62.8 million in the nine fiscal months ended September 26, 2014, primarily reflecting $68.2 million of capital expenditures. The Company anticipates capital spending to be approximately $80 million to $100 million in 2014.

Financing activities generated $103.2 million and $27.3 million of cash inflows in the nine months ended September 26, 2014 and the nine months ended September 27, 2013, respectively. The increase in cash flow of financing activities is due to increased

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borrowings on the Revolving Credit Facility for working capital needs. The Company evaluates factors such as future operating cash flow requirements, other cash flow expectations, investment and financing strategic plans and the overall cost of capital to determine the appropriate levels of short and long-term debt to maintain. Refer to "Debt and Other Contractual Obligations" below for details.

Debt and Other Contractual Obligations

The Company’s outstanding debt obligations were $1,523.8 million as of September 26, 2014 and the Company maintained approximately $686.8 million of excess availability under its various credit facilities around the world as well as approximately $178.1 million available under foreign accounts payable confirming arrangements with financial institutions. The Company utilizes short and long-term debt to address working capital needs, debt repayments and interest payments as well as discretionary investments in internal product development, acquisitions, payment of dividends, repurchase of common stock and taxes. Short-term liquidity and working capital needs are generally supported through operating cash flows. The Company maintains ratings on its public debt; therefore, the Company has and expects to continue to obtain market rates on any new borrowings.

On July 21, 2011, the Company entered into a $400 million Revolving Credit Facility, which was first amended in 2012 to increase the facility size to $700 million and then subsequently amended and restated on September 6, 2013 and further amended on October 22, 2013, May 20, 2014, September 23, 2014 and October 28, 2014, to, among other things, increase the Revolving Credit Facility to $1.0 billion, $630 million of which may be borrowed by the U.S. borrower, $300 million of which may be borrowed by the European borrowers and $70 million of which may be borrowed by the Canadian borrower. The Revolving Credit Facility contains restrictions including limitations on, among other things, distributions and dividends, acquisitions and investments, indebtedness, liens and affiliate transactions. The Revolving Credit Facility provides the Company with flexibility and the restrictions in the Revolving Credit Facility generally only apply in the event that the Company's availability under the Revolving Credit Facility falls below certain specific thresholds.

Failure to comply with any of the covenants, financial tests and ratios required by the Company's existing or future debt obligations could result in a default under those agreements and under other agreements containing cross-default provisions, as defined in the Company's Revolving Credit Facility, Subordinated Convertible Notes, Senior Floating Rate Notes, 5.75% Senior Notes and various other credit facilities maintained by the Company's restricted subsidiaries. A default would permit lenders to cease making further extensions of credit, accelerate the maturity of the debt under these agreements and foreclose upon any collateral securing that debt. Indebtedness under the Company's Revolving Credit Facility is secured by: (a) for US borrowings under the Revolving Credit Facility, a first priority security interest in substantially all of the Company's domestic assets and, (b) for Canadian and European borrowings under the Revolving Credit Facility, a first priority security interest in substantially all of the Company's domestic and Canadian assets and certain assets of the Company's Spanish, French and German subsidiaries party to the Revolving Credit Facility.   In addition, the lenders under the Company's Revolving Credit Facility have received a pledge of (i) 100% of the equity interests in substantially all of the Company's domestic subsidiaries, and (ii) 65% of the voting equity interests in and 100% of the non-voting equity interests in certain of the Company's foreign subsidiaries, including the Company's Canadian subsidiaries and the Company's Spanish, French and German subsidiaries party to the Revolving Credit Facility. The Company also has incurred secured debt in connection with some of its European operations. The lenders under these European secured credit facilities also have liens on assets of certain of our European subsidiaries. As a result of these pledges and liens, if the Company fails to meet its payment or other obligations under any of its secured indebtedness, the lenders under the applicable credit agreement would be entitled to foreclose and liquidate substantially all of the Company's assets. Broadly, cross-default provisions would permit lenders to cause such indebtedness to become due prior to its stated maturity in the event a default is not cured for a period of time under the terms of one or more financing agreements, or a change in control or a fundamental change occurs.

As of September 26, 2014 and December 31, 2013, the Company was in compliance with all material debt covenants.

The Company’s defined benefit plans at December 31, 2013 were underfunded by $118.3 million. Pension expense for the Company’s defined benefit pension plans for the nine fiscal months ended September 26, 2014 was $15.6 million and cash contributions were approximately $9.9 million.

The Company anticipates being able to meet its obligations as they come due based on historical operating and financing experience and the expected availability of funds under its current credit facilities. At September 26, 2014, maturities of long-term debt during the twelve month periods beginning September 26, 2014 through September 27, 2019 and thereafter are $407.4 million, $11.1 million, $2.7 million, $320.9 million and $0.9 million, respectively, and $780.8 million thereafter.

Off Balance Sheet Assets and Obligations

The Company has entered into various operating lease agreements related principally to certain administrative, manufacturing and distribution facilities and transportation equipment. At September 26, 2014, future minimum rental payments required under

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non-cancelable lease agreements during the twelve month periods beginning September 26, 2014 through September 27, 2019 and thereafter are $38.4 million, $32.4 million, $27.4 million, $7.7 million and $6.3 million, respectively, and $10.8 million thereafter.

As of September 26, 2014, the Company had $58.8 million in letters of credit, $188.0 million in various performance bonds and $251.5 million in other guarantees. Other guarantees include bank guarantees and advance payment bonds. These letters of credit, performance bonds and guarantees are periodically renewed and are generally related to risk associated with self-insurance claims, defined benefit plan obligations, contract performance, quality and other various bank and financing guarantees. Advance payment bonds are often required by customers when the Company obtains advance payments to secure the production of cable for long-term contracts. The advance payment bonds provide the customer protection on their deposit in the event that the Company does not perform under the contract.

Environmental Matters

The Company's expenditures for environmental compliance and remediation amounted to approximately $0.9 million and $0.6 million for the three months ended September 26, 2014 and September 27, 2013, respectively. The Company's expenditures for environmental compliance and remediation amounted to approximately $2.8 million and $2.1 million for the nine months ended September 26, 2014 and September 27, 2013, respectively. In addition, certain General Cable subsidiaries have been named as potentially responsible parties in proceedings that involve environmental remediation. The Company has accrued $3.7 million and $3.1 million at September 26, 2014, and at December 31, 2013, respectively, for all environmental liabilities. While it is difficult to estimate future environmental liabilities, the Company does not currently anticipate any material adverse effect on results of operations, cash flows or financial position as a result of compliance with federal, state, local or foreign environmental laws or regulations or remediation costs.

Disclosure Regarding Forward-Looking Statements

Certain statements in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” including, without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures, understanding of competition, projected sources of cash flow, potential legal liability, proposed legislation and regulatory action, and our management’s beliefs, expectations or opinions, are forward-looking statements, and as such, we desire to take advantage of the “safe harbor” which is afforded to such statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. You can generally identify forward-looking statements as statements containing the words “believe,” “expect,” “may,” “anticipate,” “intend,” “estimate,” “project,” “plan,” “assume,” “seek to” or other similar expressions, although not all forward-looking statements contain these identifying words.

Actual results may differ materially from those discussed in forward-looking statements as a result of factors, risks and uncertainties over many of which we have no control. These factors, risks and uncertainties include, but are not limited to, the following: (1) general economic conditions, particularly those in the construction, energy and information technology sectors; (2) the volatility in the price of raw materials, particularly copper and aluminum; (3) our ability to invest in product development, to improve the design and performance of our products; (4) economic, political and other risks of maintaining facilities and selling products in foreign countries; (5) domestic and local country price competition; (6) our ability to successfully integrate and identify acquisitions; (7) the impact of technology; (8) our ability to maintain relationships with our distributors and retailers; (9) the changes in tax rates and exposure to new tax laws; (10) our ability to adapt to current and changing industry standards; (11) our ability to execute large customer contracts; (12) our ability to maintain relationships with key suppliers; (13) the impact of fluctuations in foreign currency rates; (14) compliance with foreign and U.S. laws and regulations, including Foreign Corrupt Practices Act; (15) our ability to negotiate extensions of labor agreements; (16) our ability to continue our uncommitted accounts payable confirming arrangements; (17) our exposure to counterparty risk in our hedging arrangements; (18) changes in financial impact on any future plant closures; (19) our ability to achieve target returns on investments in our defined benefit plans; (20) possible future environmental liabilities and asbestos litigation; (21) the outcome of current pending antitrust and competition law investigations; (22) our ability to attract and retain key employees; (23) our ability to make payments on our indebtedness; (24) our ability to comply with covenants in our existing or future financing agreements; (25) lowering of one or more of our debt ratings; (26) our ability to maintain adequate liquidity; (27) our ability to maintain effective disclosure controls and procedures and internal control over financial reporting; (28) our ability to achieve the anticipated cost savings, efficiencies and other benefits related to our previously announced restructuring plan; (29) the trading price of our common stock; and (30) and other material factors.

See (i) Item 1A of the Company’s 2013 Annual Report on Form 10-K as filed with the SEC on March 3, 2014, (ii) Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 27, 2014 (iii) the risk factors discussion provided under Item 8.01 Other Events of the Company's Current Report on Form 8-K filed with the SEC September 22, 2014 and (iv) Part II, Item 1A of this Form 10-Q for a more detailed discussion on some of these risks.

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Forward-looking statements reflect the views and assumptions of management as of the date of this report with respect to future events. The Company does not undertake, and hereby disclaims, any obligation, unless required to do so by applicable securities laws, to update any forward-looking statements as a result of new information, future events or other factors. The inclusion of any statement in this report does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.

Critical Accounting Policies and Estimates

The Company’s significant accounting policies are described in Note 2 - Summary of Significant Accounting Policies to the audited annual consolidated financial statements in the Company's 2013 Annual Report on Form 10-K. In the nine months ended September 26, 2014, there have been no significant changes to these policies. The application of these policies requires management to make estimates and judgments that affect the amounts reflected in the consolidated financial statements. Management bases its estimates and judgments on historical experience, information that is available to management about current events and actions the Company may take in the future and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. In addition, significant estimates and judgments include allowances for accounts receivable and deferred income taxes; legal, environmental, and asbestos liabilities; inventory costing and valuation; share-based compensation; uncertain tax positions; assets and obligations related to pension and other postretirement benefits; goodwill, intangible and long-lived asset valuations; financial instruments; and revenue recognized under the percentage-of-completion method. There can be no assurance that actual results will not differ from these estimates.

In the nine months ended September 26, 2014, the following accounting pronouncements have been issued with respect to the Company:

In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity", which raises the threshold for determining which disposals are required to be presented as discontinued operations and modifies related disclosure requirements. The standard is applied prospectively and is effective in 2015 with early adoption permitted. The Company is currently assessing the potential impact that the adoption of this guidance will have on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. The Company will adopt the standard on January 1, 2017. The Company is evaluating the impact, if any, that the standard will have on its Consolidated Financial Statements.

In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period." This standard provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

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ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is exposed to various market risks, including changes in interest rates, foreign currency exchange rates and raw material (commodity) prices. To manage risks associated with the volatility of these natural business exposures, General Cable enters into interest rate, commodity and foreign currency derivative agreements, as well as copper and aluminum forward pricing agreements. General Cable does not purchase or sell derivative instruments for trading purposes. General Cable does not engage in trading activities involving commodity contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques. Depending on the extent of an unrealized loss position on a derivative contract held by the Company, certain counterparties may require a deposit to secure the derivative contract position. As of September 26, 2014 and December 31, 2013, there were no contracts held by the Company that required collateral to secure the Company's derivative positions.

As of September 26, 2014 and December 31, 2013, there were no derivatives that were designated as cash flow hedges.

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ITEM 4. CONTROLS AND PROCEDURES

The Company maintains disclosure controls and procedures that are designed to provide reasonable assurance that information required to be disclosed in the Company's reports under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to management, including the Company's Chief Executive Officer ("CEO") and Chief Financial Officer ("CFO"), as appropriate, to allow timely decisions regarding required disclosure. A control system, no matter how well conceived and operated, can provide only reasonable, but not absolute, assurance that the objectives of the control system are met.

In connection with the preparation of this Quarterly Report on Form 10-Q, as of September 26, 2014, an evaluation was performed under the supervision and with the participation of the Company’s management, including the CEO and CFO, of the effectiveness of the design and operation of the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act). Based on that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures were effective at a reasonable assurance level as of September 26, 2014.

Changes in Internal Control over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting, as such item is defined in Exchange Act Rules 13a–15(f) and 15d–15(f), during the fiscal quarter ended September 26, 2014, that have materially affected, or are reasonably likely to materially affect the Company’s internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The legal proceedings disclosed in the Company’s 2013 Annual Report on Form 10-K, as updated by the Company's Quarterly Report on Form 10-Q for the quarter ended June 27, 2014 and the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on September 22, 2014 (the “September 22nd Form 8-K”), are updated as follows:

The disclosure contained in Item 8.01 of the September 22nd Form 8-K is updated by adding the following at the end of the first paragraph under the caption “Legal Proceedings - Government and internal investigations”:

“We also have provided anti-corruption training to our global sales force, and ultimately will provide such training to all salaried employees. In addition, we are conducting a search for a Chief Compliance Officer, who will be responsible for the day-to-day management of our compliance function. The Chief Compliance Officer will report to our Chief Executive Officer, and also will have a reporting relationship with the Audit Committee.”

The disclosure contained in Item 8.01 of the September 22nd Form 8-K regarding the City of Livonia Complaint (as defined in the September 22nd Form 8-K) is updated by adding the following after the seventh sentence of the second paragraph under the caption “Legal Proceedings - Purported class action and derivative litigation”:

“As a result of an October 10, 2014 decision of the United States Court of Appeals for the Sixth Circuit addressing, among other things, certain matters relevant to the motion, Plaintiff filed, on October 16, 2014, a notice of recent authority in support of its opposition to the motion. On October 20, 2014, defendants filed a response to the notice of recent authority, in which they assert that, contrary to plaintiff’s argument that the decision supports its position, the decision provides further grounds to grant defendants’ motion.”

ITEM 1A. RISK FACTORS

For information regarding factors that could affect the Company’s results of operations, financial condition and liquidity, see (i) the risk factors discussion provided under Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013, (ii) the “Disclosure Regarding Forward-Looking Statements” included in Part I, Item 2 of this Quarterly Report on Form 10-Q, (iii) the risk factors discussion provided under Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 27, 2014 and (iv) the risk factors discussion provided under Item 8.01 Other Events of the September 22nd Form 8-K. The following updates the risk factors disclosed in the Company's 2013 Annual Report on Form 10-K, the Company’s Quarterly Report on Form 10-Q for the quarter ended June 27, 2014 and the September 22nd Form 8-K.

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The disclosure regarding the City of Livonia Complaint (as defined in the September 22nd Form 8-K) contained in Item 8.01 of the September 22nd Form 8-K under the caption “Risk Factors - If we fail to comply with the reporting obligations of the Exchange Act or if we fail to maintain adequate internal control over financial reporting, our business, the market value of our securities and our access to capital markets could be materially adversely affected” is updated by adding the following after the fourth sentence of the fourth paragraph :

“As a result of an October 10, 2014 decision of the United States Court of Appeals for the Sixth Circuit addressing, among other things, certain matters relevant to the motion, Plaintiff filed, on October 16, 2014, a notice of recent authority in support of its opposition to the motion. On October 20, 2014, defendants filed a response to the notice of recent authority, in which they assert that, contrary to plaintiff’s argument that the decision supports its position, the decision provides further grounds to grant defendants’ motion.”

The disclosure contained in Item 8.01 of the September 22nd Form 8-K under the caption “Risk Factors - Compliance with foreign and U.S. laws and regulations applicable to our international operations, including the Foreign Corrupt Practices Act (“FCPA”), other applicable anti-corruption laws and anti-competition regulations, may increase the cost of doing business in international jurisdictions” is updated by adding the following after the eighth sentence of the second paragraph:

“We also have provided anti-corruption training to our global sales force, and ultimately will provide such training to all salaried employees. In addition, we are conducting a search for a Chief Compliance Officer, who will be responsible for the day-to-day management of our compliance function. The Chief Compliance Officer will report to our Chief Executive Officer, and also will have a reporting relationship with the Audit Committee.”

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

The following table summarizes purchases of equity securities by the issuer during the quarter ended September 26, 2014

Period	Total number of shares purchased (1), (2)	Average price paid per share		Total number of shares purchased as part of publicly announced plans (2)	Approximate dollar value of shares that may yet be purchased under the plans (2)
June 28, 2014 through July 25, 2014	3,572	$	25.70	—	$	74,750,614
July 26, 2014 through August 22, 2014	—	$	—	—	$	74,750,614
August 23, 2014 through September 26, 2014	533	$	21.47	—	$	74,750,614
Total	4,105	$	25.15	—	$	74,750,614

⁽¹⁾ Includes 4,105 shares of common stock that were withheld for taxes on the vesting of restricted stock issued pursuant to the Company's equity compensation plans, and the average price paid per share was $25.15 during the three months endedSeptember 26, 2014. During the nine months ended September 26, 2014, there were 62,369 shares of common stock that were withheld for taxes on the vesting of restricted stock issued pursuant to the Company's equity compensation plans, and the average price paid per share was $28.38.

⁽²⁾ On December 10, 2013, the Company’s Board of Directors authorized the extension of the Company’s existing $125 million stock repurchase program through the end of 2014. The Company purchased no shares of common stock under this stock repurchase program during the three months ended September 26, 2014.  As of September 26, 2014, this repurchase program has a remaining share repurchase authorization of approximately $74.8 million.  Stock purchases under this program may be made through open market and privately negotiated transactions at times and in such amounts as deemed appropriate by a special committee appointed by the Board. The timing and actual number of shares repurchased will depend on a variety of factors, including but not limited to economic conditions; the prevailing market price of the common stock; business financing needs; regulatory requirements including the Company’s compliance policies under securities laws; and alternative capital investment opportunities.

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ITEM 6. EXHIBITS

The following exhibits are filed or furnished, as applicable, herewith or incorporated herein by reference. Documents indicated by an asterisk (*) are filed or furnished, as applicable, herewith. Documents not indicated by an asterisk are incorporated by reference to the document indicated.

Exhibits

3.1	Amended and Restated Certificate of Incorporation of the Company, as amended (incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on May 14, 2010)
3.2	Amended and Restated By-Laws of the Company (incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on February 26, 2010)
*10.23.6	Amendment No. 3 to Amended and Restated Credit Agreement, dated September 23, 2014 by and among General Cable Industries, Inc., General Cable Company Ltd., Grupo General Cable Sistemas, S.L., ECN Cable Group, S.L., Silec Cable SAS, Norddeutsche Seekabelwerke GmbH, the Company and those certain other subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto, JP Morgan Chase Bank, N.A, as Administrative Agent
*12.1	Computation of Ratio of Earnings to Fixed Charges
*31.1	Certification of Chief Executive Officer pursuant to Rule 13a – 14(a) or 15d – 14
*31.2	Certification of Chief Financial Officer pursuant to Rule 13a – 14(a) or 15d – 14
*32.1	Certification pursuant to 18 U.S.C. § 1350, as adopted under Section 906 of the Sarbanes-Oxley Act of 2002
*101.INS	XBRL Instance Document
*101.SCH	XBRL Taxonomy Extension Schema Document
*101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
*101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
*101.LAB	XBRL Taxonomy Extension Label Linkbase Document
*101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

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Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, General Cable Corporation has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		General Cable Corporation
Signed:	November 3, 2014	By:	/s/ BRIAN J. ROBINSON
			Brian J. Robinson
			Executive Vice President and Chief
			Financial Officer

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Exhibit Index

The following exhibits are filed or furnished, as applicable, herewith or incorporated herein by reference. Documents indicated by an asterisk (*) are filed or furnished, as applicable, herewith. Documents not indicated by an asterisk are incorporated by reference to the document indicated.

Exhibits

3.1	Amended and Restated Certificate of Incorporation of the Company, as amended (incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on May 14, 2010)
3.2	Amended and Restated By-Laws of the Company (incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K as filed with the Securities and Exchange Commission on February 26, 2010)
*10.23.6	Amendment No. 3 to Amended and Restated Credit Agreement, dated September 23, 2014 by and among General Cable Industries, Inc., General Cable Company Ltd., Grupo General Cable Sistemas, S.L., ECN Cable Group, S.L., Silec Cable SAS, Norddeutsche Seekabelwerke GmbH, the Company and those certain other subsidiaries of the Company party thereto as guarantors, the several lenders and financial institutions party thereto, JP Morgan Chase Bank, N.A, as Administrative Agent
*12.1	Computation of Ratio of Earnings to Fixed Charges
*31.1	Certification of Chief Executive Officer pursuant to Rule 13a – 14(a) or 15d – 14
*31.2	Certification of Chief Financial Officer pursuant to Rule 13a – 14(a) or 15d – 14
*32.1	Certification pursuant to 18 U.S.C. § 1350, as adopted under Section 906 of the Sarbanes-Oxley Act of 2002
*101.INS	XBRL Instance Document
*101.SCH	XBRL Taxonomy Extension Schema Document
*101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
*101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
*101.LAB	XBRL Taxonomy Extension Label Linkbase Document
*101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

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EX-10.23.6

AMENDMENT NO. 3 TO AMENDED AND RESTATED CREDIT AGREEMENT
AND LIMITED WAIVER NO. 1

AMENDMENT NO. 3 AND LIMITED WAIVER NO. 1 TO THE AMENDED AND RESTATED CREDIT AGREEMENT, dated as of September 23, 2014 (this “Amendment”) among GENERAL CABLE INDUSTRIES, INC., a Delaware corporation (the “U.S. Borrower”), GENERAL CABLE COMPANY LTD., a company organized under the laws of Nova Scotia (the “Canadian Borrower”), SILEC CABLE SAS, a French société par actions simplifiée (the “French Borrower”), NORDDEUTSCHE SEEKABELWERKE GMBH, a limited liability company (Gesellschaft mit beschränkter Haftung) existing under the laws of Germany (the “German Borrower”), GRUPO GENERAL CABLE SISTEMAS, S.L., a public limited liability company (formerly Grupo General Cable Sistemas, S.A., in process of conversion) organized under the laws of Spain (“Sistemas”), ECN CABLE GROUP, S.L., a limited liability company organized under the laws of Spain (“ECN” and, together with Sistemas, the “Spanish Borrowers” and each, a “Spanish Borrower”), GENERAL CABLE CORPORATION, a Delaware corporation (“Holdings”), the other Loan Parties party hereto, the Lenders party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent. Each capitalized term used herein and not defined herein shall have the meaning ascribed thereto in the Credit Agreement referred to below.

WITNESSETH

WHEREAS, the Borrowers, the Lenders, the Administrative Agent and certain other Persons are parties to that certain Amended and Restated Credit Agreement, dated as of September 6, 2013 (as amended by that certain Amendment No. 1 to Amended and Restated Credit Agreement, dated as of October 23, 2013 and that certain Amendment No. 2 to Amended and Restated Credit Agreement, dated as of May 20, 2014, and as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”); and

WHEREAS, Holdings has disclosed on its Form 10-Q for the quarterly period ended June 27, 2014 that it is in the process of investigating payment practices of its Angolan and Portuguese Subsidiaries to employees of public utility companies in Angola at various times from 2002 through 2013, which may have implications under the Foreign Corrupt Practices Act and under the laws of other jurisdictions;

WHEREAS, the Borrowers have requested that (a) the Administrative Agent and the Lenders agree to amend the Credit Agreement to provide for certain amendments and (b) the Required Lenders waive certain Defaults or Events of Default that may currently exist under clauses (c), (d) and (e) of Article VII of the Credit Agreement to the extent, and solely to the extent, such Defaults or Events of Default are due to (I) the representation and warranty in Section 3.23(a) of the Credit Agreement proving to have been materially incorrect as of any date such representation and warranty was made or deemed made solely as a result of the Disclosed Angolan FCPA Matters (as defined in Section 1 below), or (II) the failure of the Borrowers to observe or comply with the covenants in Section 6.14(c) of the Credit Agreement solely to the extent such failure is the direct result of the Disclosed Angolan FCPA Matters (the Defaults and Events of Default described in clauses (I) and (II), to the extent existing on or prior to, but not after, the date hereof, “Specified Defaults”);

NOW, THEREFORE, in consideration of the premises set forth above, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and without waiving (except to the extent set forth herein) any existing or future rights or remedies which the Administrative

890494.06-CHISR01A - MSW

Agent, the European Administrative Agent and the Lenders may have against the Borrowers or the other Loan Parties, the Administrative Agent and the Lenders party hereto are willing to agree to so amend and waive certain provisions of the Credit Agreement on the terms and subject to the conditions expressly set forth herein.

1.Amendments to the Credit Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Borrowers, the Lenders party hereto, the Administrative Agent and the Tranche C Swingline Lender each agree that:

(a)Section 1.01 of the Credit Agreement shall be and hereby is amended as of the date hereof by inserting the following definitions in proper alphabetical order:

““Disclosed Angolan FCPA Matters” means the actions, proceedings and other matters relating to the payments of officials of Angolan government-owned public utilities occurring prior to the Third Amendment Effective Date and disclosed in Schedule 3.23(a).”

““Third Amendment Effective Date” means September 23, 2014.”

(b)Section 2.05(c) of the Credit Agreement shall be and hereby is amended as of the date hereof by deleting the reference to “$25,000,000” contained therein and inserting “$50,000,000” in lieu thereof.

(c)Section 3.23(a) of the Credit Agreement shall be and hereby is amended and restated in its entirety as follows:

“(a)    Each Loan Party and its Affiliates have instituted and maintained policies and procedures designed to promote and achieve compliance with Anti-Corruption Laws and their respective directors and officers, and, to the best of its knowledge, except with respect to the Disclosed Angolan FCPA Matters, its employees and agents have conducted their business in compliance with such laws.”

(d)Section 6.10 of the Credit Agreement shall be and hereby is amended as of the date hereof by deleting the word “and” appearing before part (D) of clause (i) of the proviso in Section 6.10 and inserting the words “and (E) any agreement governing Indebtedness entered into after the Closing Date, to the extent permitted under Section 6.01, that are, taken as a whole, in the good faith judgment of the Borrower Representative, not materially more restrictive with respect to the Borrowers or their Subsidiaries than the restrictions or conditions contained in the Senior Unsecured Note Documents, taken as a whole, as in effect on the Effective Date” at the end of such clause (i).

(e)Schedule 3.23(a) is hereby added to the Credit Agreement as set forth on Exhibit A hereto.

2.Waiver. Subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Lenders party hereto hereby waive any Specified Default and any right, power or remedy under the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection with the Credit Agreement to the extent such right, power or remedy is based solely and directly upon the occurrence of a Specified Default.

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890494.06-CHISR01A - MSW

3.Conditions to Effectiveness. The amendment to the Credit Agreement set forth in Section 1 and the waiver set forth in Section 2 shall become effective as of the date hereof upon:

(a)the Administrative Agent’s receipt of counterparts of this Amendment executed by each Borrower, each other Loan Party, the Administrative Agent, and the Required Lenders;

(b)the Borrowers shall have delivered all customary agreements, certificates and other customary documents reasonably requested by the Administrative Agent in connection with this Amendment and the matters contemplated hereby;

(c)the Administrative Agent shall have received a certificate signed by a duly authorized officer of each Borrower to the effect that, before and after giving effect to this Amendment on the date hereof: (i) the representations and warranties contained in Article III of the Credit Agreement and each of the other Loan Documents are true and correct in all material respects on and as of the date of such certificate as though made on and as of each such date (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date), and that any representation or warranty which is subject to any materiality qualifier shall be required to be true and correct in all respects (in each case excluding any inaccuracy constituting, or resulting directly from, a Specified Default); and (ii) no Default or Event of Default has occurred and is continuing or would result after giving effect to this Amendment; and

(d)the Borrowers shall have paid to each Agent such fees or other amounts as may be then payable pursuant to any Loan Document.

4.Representations and Warranties of the Borrowers. Each Borrower represents and warrants to each Lender and the Administrative Agent as of the date hereof:

(a)Each Borrower has the legal power and authority to execute and deliver this Amendment and the officers of each Borrower executing this Amendment have been duly authorized to execute and deliver the same and bind such Borrower with respect to the provisions hereof.

(b)This Amendment has been duly executed and delivered by each Loan Party that is a party hereto.

(c)This Amendment and the Credit Agreement as modified hereby (the “Amended Agreement”) each constitutes the legal, valid and binding obligations of each Borrower and each other Loan Party, enforceable against it in accordance with their terms (except as enforceability may be limited by bankruptcy, insolvency, reorganization, examinership, moratorium or similar laws affecting the enforcement of creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law).

(d)The execution and delivery by each Loan Party of this Amendment, the performance by each Loan Party of its obligations under the Amended Agreement and under the other Loan Documents to which they are parties and the consummation of the transactions contemplated by the Amended Agreement and the other Loan Documents: (i) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect and except for filings necessary to perfect Liens created pursuant to the Loan Documents, (ii) will not violate any material Requirement of Law applicable to any Loan Party or any of its Subsidiaries,

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890494.06-CHISR01A - MSW

(iii) will not violate or result in a default under any material indenture, agreement or other instrument binding upon any Loan Party or any of its Subsidiaries or the assets of any Loan Party or any of its Subsidiaries, or give rise to a right thereunder to require any payment to be made by any Loan Party or any of its Subsidiaries, (iv) will not contravene the terms of any certificates of incorporation, by-laws or other organizational or governing documents of any Loan Party, and (v) will not result in the creation or imposition of any Lien on any asset of any Loan Party or any of its Subsidiaries, except Liens created pursuant to the Loan Documents and Permitted Liens.

(e)Each Borrower and each other Loan Party hereby reaffirms all covenants, representations and warranties made by it in the Credit Agreement and the other Loan Documents and agrees and confirms that, after giving effect to this Amendment, all such representations and warranties are true and correct in all material respects as of the date of this Amendment (it being understood and agreed that any representation or warranty which by its terms is made as of a specified date shall be required to be true and correct in all material respects only as of such specified date), and that any representation or warranty which is subject to any materiality qualifier is true and correct in all respects.

(f)Each Borrower has caused to be conducted a thorough review of the terms of this Amendment, the Credit Agreement and the other Loan Documents and each Borrower’s and its Subsidiaries’ operations since the Effective Date and, as of the date hereof and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.

5.Reference to and Effect on the Credit Agreement.

(a)On and after the effective date hereof, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of like import shall mean and be a reference to the Credit Agreement as modified by Section 1 above.

(b)Except as specifically waived or modified above, the Credit Agreement and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed.

(c)The execution, delivery and effectiveness of this Amendment shall not, unless and except as expressly provided herein, operate as a waiver of any right, power or remedy of the Administrative Agent, the European Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith. For the avoidance of doubt, nothing herein shall operate as a waiver of any Default or Event of Default arising after the date hereof.

6.Costs and Expenses. Each Borrower agrees to pay all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with the syndication and distribution (including, without limitation, via the internet or through a service such as Intralinks) of the credit facilities provided for herein and in the Credit Agreement as amended hereby, and in connection with the preparation, arrangement, execution and enforcement of this Amendment and all other instruments, agreements and other documents executed in connection herewith.

7.Governing Law. ANY DISPUTE BETWEEN ANY LOAN PARTY AND ANY OTHER PARTY HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED BETWEEN THEM IN CONNECTION WITH, THIS

4

890494.06-CHISR01A - MSW

AMENDMENT, THE CREDIT AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS, AND WHETHER ARISING IN CONTRACT, TORT, EQUITY, OR OTHERWISE, SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF NEW YORK, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS.

8.Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this Amendment for any other purpose.

9.Counterparts. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Amendment by signing any such counterpart. A facsimile signature page hereto sent to the Administrative Agent or the Administrative Agent’s counsel shall be effective as a counterpart signature provided each party executing such a facsimile counterpart agrees, if requested, to deliver originals thereof to the Administrative Agent.

10.No Strict Construction. The parties hereto have participated jointly in the negotiation and drafting of this Amendment, the Credit Agreement and the other Loan Documents. In the event an ambiguity or question of intent or interpretation arises, this Amendment, the Credit Agreement and the other Loan Documents shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provisions of this Amendment, the Credit Agreement or any of the other Loan Documents.

11.Amendment Constitutes Loan Document. This Amendment shall constitute a “Loan Document” for purposes of the Credit Agreement and the other Loan Documents.

12.Reaffirmation of Liens and Guaranties.

(a)Acknowledgment. Each Loan Guarantor hereby (i) acknowledges receipt of a copy this Amendment and (ii) consents to the amendment of the Credit Agreement effected hereby. Each Loan Guarantor acknowledges and agrees that any of the Loan Documents to which it is a party or otherwise bound shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of the Amendment.

(b)Reaffirmation of Liens. Each of the Loan Parties hereby ratifies, confirms and reaffirms the grant by it of the Liens and security interests in Collateral in which it has rights pursuant to the terms of, and its obligations and agreements under, the Collateral Documents, confirms that this Amendment does not constitute a novation, payment and reborrowing or termination of the Secured Obligations under the Credit Agreement and the other Loan Documents as in effect prior to the date hereof and confirms that all such Collateral will continue to secure the payment and performance of all Secured Obligations purported to be secured thereby (including any amount payable under the Credit Agreement as amended by this Amendment).

(c)Reaffirmation of Guaranties. Without limiting or qualifying the foregoing, each of the Loan Guarantors hereby ratifies, confirms and reaffirms its obligations and agreements under Article X of the Credit Agreement and each other Loan Guaranty.

[The remainder of this page is intentionally blank]

5

890494.06-CHISR01A - MSW

IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above written.

GENERAL CABLE INDUSTRIES, INC., as the U.S. Borrower
By	/s/ Brian J. Robinson
	Name:	Brian J. Robinson
	Title:	Executive Vice President
GENERAL CABLE COMPANY LTD., as the Canadian Borrower
By	/s/ Brian J. Robinson
	Name:	Brian J. Robinson
	Title:	Executive Vice President

890494.06-CHISR01A - MSW

SILEC CABLE SAS, as the French Borrower
By	/s/ Robert Kenny
	Name:	Robert Kenny
	Title:	President
NORDDEUTSCHE SEEKABELWERKE GMBH, as the German Borrower
By	/s/ Günther Schöffner
	Name:	Günther Schöffner
	Title:	CEO
GRUPO GENERAL CABLE SISTEMAS, S.L., as a Spanish Borrower
By	/s/ Bradley K. Fry
	Name:	Bradley K. Fry
	Title:	CFO
By	/s/ Robert Kenny
	Name:	Robert Kenny
	Title:	CEO
ECN CABLE GROUP, S.L., as a Spanish Borrower
By	/s/ Bradley K. Fry
	Name:	Bradley K. Fry
	Title:	CFO
By	/s/ Robert Kenny
	Name:	Robert Kenny
	Title:	CEO

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

JPMORGAN CHASE BANK, N.A., individually and as Administrative Agent
By	/s/ Mac A. Banas
	Name:	Mac A. Banas
	Title:	Authorized Officer
JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, individually and as Tranche C Swingline Lender
By	/s/ Auggie Marchetti
	Name:	Auggie Marchetti
	Title:	Authorized Officer
J.P. MORGAN SECURITIES PLC, as Tranche B Swingline Lender
By	/s/ Tim Jacob
	Name:	Tim Jacob
	Title:	Senior Vice President

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

Bank of America, N.A.
By	/s/ Monirah J. Masud
	Name:	Monirah J. Masud
	Title:	Senior Vice President
Bank of America, N.A., acting through its Canada Branch
By	/s/ Sylwia Durkiewicz
	Name:	Sylwia Durkiewicz
	Title:	Vice President
Banc of America Securities Limited
By	/s/ Paula Langridge
	Name:	Paula Langridge
	Title:	Senior Vice President
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK
By	/s/ Blake Wright
	Name:	Blake Wright
	Title:	Managing Director
By	/s/ James Austin
	Name:	James Austin
	Title:	Vice President
WELLS FARGO BANK, NA
By	/s/ Kevin S. Fong
	Name:	Kevin S. Fong
	Title:	Authorized Signatory

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

WELLS FARGO CAPITAL FINANCE CORPORATION CANADA
By	/s/ David G. Phillips
	Name:	David G. Phillips
	Title:	Senior Vice President
		Credit Officer, Canada
		Wells Fargo Capital Finance
		Corporation Canada
WELLS FARGO BANK INTERNATIONAL
By	/s/ Nigel McDonagh
	Name:	Nigel McDonagh
	Title:	SVP
By	/s/ Ethan Masterson
	Name:	Ethan Masterson
	Title:	Chief Risk Officer
KEYBANK NATIONAL ASSOCIATION
By	/s/ Rufus S. Dowe, III
	Name:	Rufus S. Dowe, III
	Title:	Vice President
DEUTSCHE BANK AG NEW YORK BRANCH
By	/s/ Michael Shannon
	Name:	Michael Shannon
	Title:	Vice President
By	/s/ Peter Cucchiara
	Name:	Peter Cucchiara
	Title:	Vice President

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

DEUTSCHE BANK AG LONDON BRANCH
By	/s/ Marcus M. Tarkington
	Name:	Marcus M. Tarkington
	Title:	Director
By	/s/ Mary Kay Coyle
	Name:	Mary Kay Coyle
	Title:	Managing Director
PNC Bank, National Association
By	/s/ Jeffrey P. Fisher
	Name:	Jeffrey P. Fisher
	Title:	Vice President
PNC BANK CANADA BRANCH
By	/s/ Caroline Stade
	Name:	Caroline Stade
	Title:	Senior Vice President
RBS Citizens Business Capital, a division of RBS Citizens, N.A.
By	/s/ David Slattery
	Name:	David Slattery
	Title:	Vice President
STANDARD CHARTERED BANK
By	/s/ Connie Au
	Name:	Connie Au
	Title:	Associate Director
By	/s/ Hsing H. Huang
	Name:	Hsing H. Huang
	Title:	Associate Director
		Standard Chartered Bank NY

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

HSBC Bank USA, NA
By	/s/ Joseph D. Donovan
	Name:	Joseph D. Donovan
	Title:	Vice President
The Huntington National Bank
By	/s/ John D. Whetstone
	Name:	John D. Whetstone
	Title:	Vice President
Compass Bank
By	/s/ Michael Sheff
	Name:	Michael Sheff
	Title:	SVP
Bank of Montreal-Chicago Branch
By	/s/ Kara L. Goodwin
	Name:	Kara L. Goodwin
	Title:	Director
Bank of Montreal
By	/s/ Sean P. Gallaway
	Name:	Sean P. Gallaway
	Title:	Vice President

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

SunTrust Bank
By	/s/ Sandra Salazar
	Name:	Sandra Salazar
	Title:	Vice President
RB International Finance (USA) LLC
By	/s/ John A. Valiska
	Name:	John A. Valiska
	Title:	First Vice President
By	/s/ Peter Armieri
	Name:	Peter Armieri
	Title:	Vice President
RAIFFEISEN BANK INTERNATIONAL AG
By	/s/ Wolfgang Rachbauer
	Name:	Wolfgang Rachbauer
	Title:
By	/s/ A. Wallner
	Name:	A. Wallner
	Title:
U.S. Bank National Association
By	/s/ Matthew Kasper
	Name:	Matthew Kasper
	Title:	Vice President
U.S. Bank National Association, Canada Branch as Canadian Lender
By	/s/ Paul Rodgers
	Name:	Paul Rodgers
	Title:	Principal Officer

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

CAPITAL ONE BUSINESS CREDIT CORP.
By	/s/ Ron Walker
	Name:	Ron Walker
	Title:	Senior Vice President
BARCLAYS BANK PLC
By	/s/ Marguerite Sutton
	Name:	Marguerite Sutton
	Title:	Vice President
SIEMENS FINANCIAL SERVICES, INC.
By	/s/ John Finore
	Name:	John Finore
	Title:	Vice President
By	/s/ Uri Sky
	Name:	Uri Sky
	Title:	VP
FirstMerit Bank N.A.
By	/s/ John Zimbo
	Name:	John Zimbo
	Title:	Vice President
Morgan Stanley Bank, N.A.
By	/s/ Christopher Winthrop
	Name:	Christopher Winthrop
	Title:	Vice President

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

EXHIBIT A

Schedule 3.23(a)

Disclosed Angolan FCPA Matters

We have been reviewing, with the assistance of external counsel, certain commission payments involving sales to customers of our subsidiary in Angola. The review has focused upon payment practices with respect to employees of public utility companies, use of agents in connection with such payment practices, and the manner in which the payments were reflected on our books and records. We have determined at this time that certain employees in our Portugal and Angola subsidiaries directly and indirectly made payments at various times from 2002 through 2013 to officials of Angola government-owned public utilities that raise concerns under the Foreign Corrupt Practices Act (“FCPA”) and possibly under the laws of other jurisdictions. We have voluntarily disclosed these matters to the United States Securities and Exchange Commission (“SEC”) and the United States Department of Justice (“DOJ”) and have provided them with additional information at their request. The SEC and DOJ inquiries into these matters are ongoing. We continue to cooperate with the DOJ and the SEC with respect to these matters.

[signature page to Amendment No. 3]

890494.06-CHISR01A - MSW

EX-12.1

Exhibit 12.1

GENERAL CABLE CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(in millions)

	Nine months ended September 26,			Year ended December 31,
	2014			2013			2012			2011			2010			2009
EARNINGS AS DEFINED
Earnings (loss) from operations before income taxes and before adjustments for minority interests in consolidated subsidiaries and after eliminating undistributed earnings of equity method investees	$	(495.6	)	$	27.0		$	86.9		$	91.4		$	108.1		$	79.9
Preferred stock dividend (pre-tax equivalent)	—			(0.3		)	(0.3		)	(0.3		)	(0.3		)	(0.3		)
Fixed charges	94.3			137.0			114.6			104.7			82.1			92.7
TOTAL EARNINGS, AS DEFINED	$	(401.3	)	$	163.7		$	201.2		$	195.8		$	189.9		$	172.3
FIXED CHARGES, AS DEFINED
Interest expense	$	82.9		$	121.0		$	103.5		$	94.8		$	73.7		$	82.1
Amortization of capitalized expenses related to debt	2.7			3.9			3.3			4.4			3.3			4.5
Preferred stock dividend (pre-tax equivalent)	—			0.3			0.3			0.3			0.3			0.3
Interest component of rent expense	8.7			11.8			7.5			5.2			4.8			5.8
TOTAL FIXED CHARGES, AS DEFINED	$	94.3		$	137.0		$	114.6		$	104.7		$	82.1		$	92.7
RATIO OF EARNINGS TO FIXED CHARGES	(4.3		)	1.2			1.8			1.9			2.3			1.9

EX-31.1

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

I, Gregory B. Kenny, certify that:

1)		I have reviewed this Form 10-Q of General Cable Corporation;
2)		Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3)		Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4)		The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:
	a)	Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and;
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and;
5)		The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	November 3, 2014
/s/ GREGORY B. KENNY
Gregory B. Kenny
President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

I, Brian J. Robinson, certify that:

1)		I have reviewed this Form 10-Q of General Cable Corporation;
2)		Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3)		Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4)		The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)), for the registrant and have:
	a)	Designed such disclosure controls and procedures or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and;
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and;
5)		The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	November 3, 2014
/s/ BRIAN J. ROBINSON
Brian J. Robinson
Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

GENERAL CABLE CORPORATION

CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER

PURSUANT TO 18 U.S.C. § 1350,

AS ADOPTED UNDER

SECTION 906 OF THE SARBANES-OXLEY ACT OF 202

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 of Chapter 63 of Title 18 of the United States Code), each of the undersigned officers of General Cable Corporation (the “Company”) individually hereby certify with respect to the Quarterly Report of the Company on Form 10-Q for the quarter ended September 26, 2014 (the "Report") that:

1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:	November 3, 2014	/s/ GREGORY B. KENNY
		Gregory B. Kenny
		President and Chief Executive Officer
Date:	November 3, 2014	/s/ BRIAN J. ROBINSON
		Brian J. Robinson
		Executive Vice President and Chief Financial Officer

The foregoing certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Section 1350 0f Chapter 63 of Title 18 of the United States Code) and is not being filed as part of the Report or as a separate disclosure document.

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Total Equity (Tables)

9 Months Ended

Sep. 26, 2014

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

Condensed consolidated statements of changes in total equity are presented below for the nine months ended September 26, 2014 and September 27, 2013 (in millions):

				General Cable Total Equity
	Total Equity			Common Stock Amount		Add’l Paid in Capital			Treasury Stock			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-Controlling Interest
Balance, December 31, 2013	$	1,379.8		$	0.6	$	699.6		$	(155.3	)	$	847.4		$	(112.1	)	$	99.6
Comprehensive income (loss)	(532.7		)									(464.4		)	(48.0		)	(20.3		)
Common stock dividend	(26.6		)									(26.6		)
Excess tax benefit from stock compensation	(0.6		)			(0.6		)
Purchase of non-controlling interest	(0.3		)			(1.5		)										1.2
Dividends paid to non-controlling interest	(5.2		)															(5.2		)
Repurchase of common shares	(30.7		)						(30.7		)
Other – issuance pursuant to restricted stock, stock options and other	10.6					10.0			0.6
Balance, September 26, 2014	$	794.3		$	0.6	$	707.5		$	(185.4	)	$	356.4		$	(160.1	)	$	75.3

				General Cable Total Equity
	Total Equity			Preferred Stock Amount		Common Stock Amount		Add’l Paid in Capital			Treasury Stock			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-Controlling Interest
Balance, December 31, 2012	$	1,448.2		$	3.8	$	0.6	$	676.7		$	(137.0	)	$	892.2		$	(104.6	)	$	116.5
Comprehensive income (loss)	(50.3		)											(31.6		)	(19.7		)	1.0
Common and preferred stock dividend	(18.1		)											(18.1		)
Excess tax benefit from stock based compensation	(1.0		)					(1.0		)
Purchase of non-controlling interest	(4.0		)					8.1												(12.1		)
Dividends paid to non-controlling interest	(3.2		)																	(3.2		)
Repurchase of treasury shares	(19.5		)								(19.5		)
Other – issuance pursuant to restricted stock, stock options and other	9.7							8.9			0.8
Balance, September 27, 2013	$	1,361.8		$	3.8	$	0.6	$	692.7		$	(155.7	)	$	842.5		$	(124.3	)	$	102.2

Components of Accumulated Other Comprehensive Income (Loss)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2013 to September 26, 2014 including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (in millions, net of tax):

	Foreign currency translation			Change of fair value of pension benefit obligation			Deferred stock held in rabbi trust		Other		Total
Balance, December 31, 2013	$	(67.1	)	$	(52.6	)	$	7.3	$	0.3	$	(112.1	)
Other comprehensive income before reclassifications	(54.0		)	—			—		—		(54.0		)
Amounts reclassified from accumulated other comprehensive income	—			6.0			—		—		6.0
Net current - period other comprehensive income	(54.0		)	6.0			—		—		(48.0		)
Balance, September 26, 2014	$	(121.1	)	$	(46.6	)	$	7.3	$	0.3	$	(160.1	)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2012 to September 27, 2013 including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (in millions, net of tax):

	Foreign currency translation			Change of fair value of pension benefit obligation			Change in fair value of derivatives			Deferred stock held in rabbi trust		Other		Total
Balance, December 31, 2012	$	(27.9	)	$	(84.4	)	$	0.1		$	7.3	$	0.3	$	(104.6	)
Other comprehensive income before reclassifications	(24.6		)	—			(0.8		)	—		—		(25.4		)
Amounts reclassified from accumulated other comprehensive income	—			5.0			0.7			—		—		5.7
Net current - period other comprehensive income	(24.6		)	5.0			(0.1		)	—		—		(19.7		)
Balance, September 27, 2013	$	(52.5	)	$	(79.4	)	$	—		$	7.3	$	0.3	$	(124.3	)

The components of accumulated other comprehensive income (loss) as of September 26, 2014 and December 31, 2013, respectively, consisted of the following (in millions):

	September 26, 2014						December 31, 2013
	Company Common Shareholders			Non-Controlling Interest			Company Common Shareholders			Non-Controlling Interest
Foreign currency translation adjustment	$	(121.1	)	$	(28.4	)	$	(67.1	)	$	(24.5	)
Change in fair value of pension benefit obligation, net of tax	(46.6		)	(2.8		)	(52.6		)	(2.9		)
Company deferred stock held in rabbi trust, net of tax	7.3			—			7.3			—
Other	0.3			—			0.3			—
Accumulated other comprehensive income (loss)	$	(160.1	)	$	(31.2	)	$	(112.1	)	$	(27.4	)

Reclassification out of Accumulated Other Comprehensive Income

The following is the detail of the reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 26, 2014 (in millions, net of tax):

	Three Fiscal Months Ended		Nine Fiscal Months Ended
	September 26, 2014		September 26, 2014
	Amount reclassified from accumulated other comprehensive income (loss)		Amount reclassified from accumulated other comprehensive income (loss)		Affected line item in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)
Amortization of defined pension items, net of tax:
Prior service cost	0.2		0.6		SG&A
Net loss	0.8		2.2		SG&A
Settlement Loss	—		3.2		SG&A
Total	$	1.0	$	6.0

	Three Fiscal Months Ended			Nine Fiscal Months Ended
	September 27, 2013			September 27, 2013
	Amount reclassified from accumulated other comprehensive income (loss)			Amount reclassified from accumulated other comprehensive income (loss)		Affected line item in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)
Change in fair value of derivatives, net of tax:
Commodity contracts	$	(0.3	)	$	0.7	Cost of Sales
Total - Change in fair value of derivatives	(0.3		)	0.7
Amortization of defined pension items, net of tax:
Prior service cost	0.3			0.8		SG&A
Net loss	1.4			4.2		SG&A
Total - Amortization of defined benefit pension items	1.7			5.0
Total	$	1.4		$	5.7

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Goodwill and Other Intangible Assets (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended					9 Months Ended				9 Months Ended			9 Months Ended							3 Months Ended				9 Months Ended			3 Months Ended	9 Months Ended			9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013	Dec. 31, 2013	Feb. 13, 2013	Feb. 12, 2013	Sep. 26, 2014 PDIC [Member]	Sep. 26, 2014 VENEZUELA [Member]		Sep. 26, 2014 PDIC [Member]	Sep. 26, 2014 Trade Names [Member]		Dec. 31, 2013 Trade Names [Member]	Sep. 26, 2014 Trade Names [Member] PDIC [Member]	Sep. 26, 2014 Customer Relationships [Member] Minimum [Member]	Sep. 26, 2014 Customer Relationships [Member] Maximum [Member]	Sep. 26, 2014 SICAD 1 Rate [Member]	Mar. 28, 2014 SICAD 1 Rate [Member]	Sep. 26, 2014 SICAD 1 Rate [Member] Minimum [Member]	Sep. 26, 2014 SICAD 1 Rate [Member] Maximum [Member]	Mar. 28, 2014 Rest of World [Member]	Sep. 26, 2014 Rest of World [Member]		Dec. 31, 2013 Rest of World [Member]	Sep. 26, 2014 Rest of World [Member] Trade Names [Member]		Dec. 31, 2013 Rest of World [Member] Trade Names [Member]	Sep. 26, 2014 Rest of World [Member] Trade Names [Member] PDIC [Member]	Sep. 26, 2014 Rest of World [Member] Trade Names [Member] PDIC [Member]	Sep. 26, 2014 North America [Member]	Dec. 31, 2013 North America [Member]	Sep. 26, 2014 North America [Member] Trade Names [Member]		Dec. 31, 2013 North America [Member] Trade Names [Member]
Goodwill impairment charge	$ 0	$ 0	$ 155.1	$ 0				$ 155.1
Goodwill impairment loss to foreign currency translation adjustments																							154.5	[1]
Impairment of indefinite-lived assets (excluding goodwill)																										93.1	[1]						2.1	[1]
Finite lived intangible assets useful life																7 years	12 years
Weighted average useful life of the amortized intangible assets												10 years
Amortization of intangible assets			10.5	9.3
Estimated amortization expense - 2015	12.6		12.6
Estimated amortization expense - 2016	11.5		11.5
Estimated amortization expense - 2017	9.9		9.9
Estimated amortization expense - 2018	7.1		7.1
Estimated amortization expense - 2019	6.3		6.3
Estimated amortization expense, thereafter	22.3		22.3
Foreign currency exchange rate, translation	6.30		6.30			6.30	4.30											12.0	10.8	10	12
Maximum percent of profit margin that may be allowed due to price controls									30.00%	[2]
Impairment of intangible assets	(3.3)	0	(98.8)	0								(95.2)	[1]		(93.4)							(93.4)				(93.1)	[1]						(2.1)	[1]
Indefinite-lived intangible assets												0.7		130.8												0		127.9					0.3		2.4
Goodwill	27.0		27.0		184.6						154.5												8.0		165.0						17.1	17.6
Intangible assets, net	$ 70.4		$ 70.4		$ 182.9
Definite-lived asset with an estimated remaining life																													10 years	10 years

[1] The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

[2] Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

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Restructuring (Restructuring Activity) (Details) (July 2014 Restructuring Program [Member], USD $)	3 Months Ended	9 Months Ended
	Sep. 26, 2014	Sep. 26, 2014	Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]
Total expected restructuring charges		$ 200,000,000
Restructuring Reserve [Roll Forward]
Beginning balance	28,900,000	28,900,000	0
Net provisions	119,600,000	146,300,000
Net benefits charged against the assets		(116,900,000)
Payments		(500,000)
Foreign currency translation		0
Ending balance	28,900,000	28,900,000	0
Remaining expected restructuring charges		53,700,000
Employee Separation Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring charges		40,000,000
Restructuring Reserve [Roll Forward]
Beginning balance	28,600,000	28,600,000	0
Net provisions		29,000,000
Net benefits charged against the assets		0
Payments		(400,000)
Foreign currency translation		0
Ending balance	28,600,000	28,600,000	0
Remaining expected restructuring charges		11,000,000
Asset-Related Costs [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring charges		130,000,000
Restructuring Reserve [Roll Forward]
Beginning balance	0	0	0
Net provisions		109,200,000
Net benefits charged against the assets		(109,200,000)
Payments		0
Foreign currency translation		0
Ending balance	0	0	0
Remaining expected restructuring charges		20,800,000
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Total expected restructuring charges		30,000,000
Restructuring Reserve [Roll Forward]
Beginning balance	300,000	300,000	0
Net provisions	4,800,000	8,100,000
Net benefits charged against the assets		(7,700,000)
Payments		(100,000)
Foreign currency translation		0
Ending balance	300,000	300,000	0
Remaining expected restructuring charges		$ 21,900,000

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Income Taxes (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended				3 Months Ended	9 Months Ended		3 Months Ended	9 Months Ended		12 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014 Trade Names [Member]		Mar. 28, 2014 Rest of World [Member]	Sep. 26, 2014 Rest of World [Member] Trade Names [Member]		Sep. 26, 2014 VENEZUELA [Member]	Sep. 26, 2014 VENEZUELA [Member]	Sep. 27, 2013 VENEZUELA [Member]	Dec. 31, 2013 VENEZUELA [Member]	Sep. 26, 2014 VENEZUELA [Member] SICAD 1 Rate [Member]	Sep. 26, 2014 VENEZUELA [Member] SICAD 1 Rate [Member]	Jun. 27, 2014 Europe, India, Peru, and Colombia [Member]	Sep. 26, 2014 PDIC [Member]	Sep. 26, 2014 PDIC [Member] Trade Names [Member]
Segment Reporting Information [Line Items]
Effective income tax rate	3.60%	68.90%	2.80%	1758.80%
Foreign currency transaction loss	$ (19.8)	$ 6.6	$ (20.1)											$ (14.1)	$ (11.6)
Income tax (provision) benefit	4.5	(16.2)	13.8	(29.9)						2.8					2.3		0.1	19.9
Asset impairment and restructuring charges										119.6					146.3	142.7
Income tax benefit associated with uncertain tax position reserve	8.0		8.0
Indefinite-lived intangible asset impairment charges	3.3	0	98.8	0	95.2	[1]	93.4	93.1	[1]									93.4
Goodwill impairment charge	0	0	155.1	0													155.1
Inventory impairment charge											8.8
Loss due to currency devaluation											83.1	40.9	40.9		83.1
Pre-tax income											1.7
Income tax expense associated with uncertain tax position reserve	1.3		14.7
Change in unrecognized tax benefit	$ 9		$ 9

[1] The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

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Goodwill and Other Intangible Assets (Schedule of Goodwill and Indefinite-Lived Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended														3 Months Ended	9 Months Ended				3 Months Ended	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014		Sep. 27, 2013	Sep. 26, 2014 Trade Names [Member]		Sep. 26, 2014 Trade Names [Member] PDIC [Member]	Sep. 26, 2014 North America [Member]		Sep. 26, 2014 North America [Member] Trade Names [Member]		Sep. 26, 2014 Europe and Mediterranean [Member]		Sep. 26, 2014 Europe and Mediterranean [Member] Trade Names [Member]		Mar. 28, 2014 Rest of World [Member]	Sep. 26, 2014 Rest of World [Member]		Sep. 26, 2014 Rest of World [Member] Trade Names [Member]		Sep. 26, 2014 Rest of World [Member] Trade Names [Member] PDIC [Member]	Sep. 26, 2014 Rest of World [Member] Trade Names [Member] PDIC [Member]
Goodwill [Roll Forward]
Goodwill - Beginning balance			$ 184.6						$ 17.6				$ 2.0				$ 165.0	$ 165.0
Goodwill - Currency translation and other adjustments			(3.1)	[1]					(0.5)	[1]			(0.1)	[1]				(2.5)	[1]
Goodwill - Goodwill impairment			(154.5)	[2]					0	[2]			0	[2]				(154.5)	[2]
Goodwill - Ending balance	27.0		27.0						17.1				1.9					8.0
Indefinite-lived Intangible Assets [Roll Forward]
Indefinite-lived assets - Beginning balance						130.8					2.4				0.5					127.9
Indefinite-lived assets - Currency translation and other adjustments						(34.9)	[1]				0	[1]			(0.1)	[1]				(34.8)	[1]
Indefinite-lived assets - Indefinite-lived assets impairment	(3.3)	0	(98.8)		0	(95.2)	[2]	(93.4)			(2.1)	[2]			0	[2]	(93.4)			(93.1)	[2]
Indefinite-lived assets - Ending balance						0.7					0.3				0.4					0
Finite-lived intangible assets, translation and other adjustments																		$ 32.2
Definite-lived asset with an estimated remaining life																						10 years	10 years

[1] $32.2 million of the currency translation and other adjustment related to the indefinite-lived assets in the ROW operating segment includes a reclassification of the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years.

[2] The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

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Share-Based Compensation (Expense Related to Non-vested Stock Awards) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 26, 2014		Sep. 27, 2013		Sep. 26, 2014		Sep. 27, 2013
Total pre-tax share-based compensation expense	$ 3.4		$ 3.7		$ 12.6		$ 10.2
Excess tax benefit (deficiency) on share-based compensation	(0.5)	[1]	0	[1]	(0.6)	[1]	0.1	[1]
Non-Qualified Stock Option Expense [Member]
Total pre-tax share-based compensation expense	0.5		1.5		2.3		4.2
Non-Vested Stock Awards Expense [Member]
Total pre-tax share-based compensation expense	2.8		2.2		9.5		6.0
Immediately Vested Stock Awards Expense [Member]
Total pre-tax share-based compensation expense	$ 0.1		$ 0		$ 0.8		$ 0

[1] Cash inflows (outflows) recognized as financing activities in the Condensed Consolidated Statements of Cash Flows.

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Basis of Presentation and Principles of Consolidation (Details)	Sep. 26, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Maximum percent of ownership to exercise significant influence	50.00%

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Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 26, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment consisted of the following (in millions):

	September 26, 2014			December 31, 2013
Land	$	102.5		$	120.8
Buildings and leasehold improvements	316.2			372.6
Machinery, equipment and office furnishings	969.2			1,290.6
Construction in progress	60.2			46.3
Total gross book value	1,448.1			1,830.3
Less accumulated depreciation	(560.2		)	(738.3		)
Total net book value	$	887.9		$	1,092.0

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Redeemable Non-controlling Interest (Narrative) (Details) (ProCables S.A. [Member], Rest of World [Member])	0 Months Ended
	Oct. 01, 2012
Redeemable Noncontrolling Interest [Line Items]
Percentage of interests acquired	60.00%
Term after no-transfer period that shareholders' may exercise	36 months
Percentage of voting interests to be purchased	40.00%
Seller [Member]
Redeemable Noncontrolling Interest [Line Items]
Noncontrolling interest, ownership percentage	40.00%
Ownership percentage by parent	40.00%

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Total Equity (Narrative) (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended					9 Months Ended							0 Months Ended	3 Months Ended	9 Months Ended
	Sep. 26, 2014	Jun. 27, 2014	Mar. 28, 2014	Sep. 27, 2013	Jun. 28, 2013	Sep. 26, 2014	Sep. 27, 2013	Dec. 31, 2013	Sep. 26, 2014 Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring [Member]	Sep. 26, 2014 Fair Value, Inputs, Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 31, 2013 Fair Value, Inputs, Level 1 [Member] Fair Value, Measurements, Recurring [Member]	Dec. 10, 2013 Stock Repurchase Program [Member]	Sep. 27, 2013 Stock Repurchase Program [Member]	Sep. 26, 2014 Stock Repurchase Program [Member]	Sep. 27, 2013 Stock Repurchase Program [Member]
Class of Stock [Line Items]
Common stock authorized, shares	200,000,000					200,000,000
Preferred stock authorized, shares	25,000,000					25,000,000
Authorized amount													$ 125
Purchase of common shares, value														0.5	30.7	19.5
Purchase of common shares, share														18,493	1,000,000	597,531
Average cost per share														$ 29.99	$ 30.73	$ 32.65
Dividends per share declared and paid	$ 0.18	$ 0.18	$ 0.18	$ 0.18	$ 0.18	$ 0.54	$ 0.36
Payments of dividends in total	8.8			8.9		26.6	17.8
Market value of mutual fund investments, nonvested and subsequently vested stock and restricted stock in the rabbi trust	32.6					32.6		42.0
Market value of the assets held by the rabbi trust classified as other non-current assets									21.7	22.2	21.7	22.2
Amounts payable to the plan participants classified as other liabilities	$ 23.3					$ 23.3		$ 24.2

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Fair Value Disclosure (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended		3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014 BRAZIL [Member]	Sep. 26, 2014 BRAZIL [Member]	Sep. 26, 2014 Asset-Related Costs [Member] July 2014 Restructuring Program [Member]	Sep. 26, 2014 Asset-Related Costs [Member] July 2014 Restructuring Program [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost incurred to date					$ 85.8	$ 109.2
Asset impairment charges	124.5	14.0	13.1	13.1
Nonfinancial assets, fair value	$ 81.8

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Accrued Liabilities (Narrative) (Details) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]
Warranty accrual	$ 11.5	$ 14.1

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Total Equity (Change in Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (112.1)	$ (104.6)
Other comprehensive income before reclassifications	(54.0)	(25.4)
Amounts reclassified from accumulated other comprehensive income	6.0	5.7
Net current - period other comprehensive income	(48.0)	(19.7)
Ending balance	(160.1)	(124.3)
Foreign Currency Translation [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(67.1)	(27.9)
Other comprehensive income before reclassifications	(54.0)	(24.6)
Amounts reclassified from accumulated other comprehensive income	0	0
Net current - period other comprehensive income	(54.0)	(24.6)
Ending balance	(121.1)	(52.5)
Change of Fair Value of Pension Benefit Obligation [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(52.6)	(84.4)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income	6.0	5.0
Net current - period other comprehensive income	6.0	5.0
Ending balance	(46.6)	(79.4)
Change in Fair Value of Derivatives [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance		0.1
Other comprehensive income before reclassifications		(0.8)
Amounts reclassified from accumulated other comprehensive income		0.7
Net current - period other comprehensive income		(0.1)
Ending balance		0
Deferred Stock Held in Rabbi Trust [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	7.3	7.3
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income	0	0
Net current - period other comprehensive income	0	0
Ending balance	7.3	7.3
Other [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	0.3	0.3
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income	0	0
Net current - period other comprehensive income	0	0
Ending balance	$ 0.3	$ 0.3

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Commitments and Contingencies (Details)	0 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended			9 Months Ended	0 Months Ended		16 Months Ended	0 Months Ended		1 Months Ended	9 Months Ended	12 Months Ended	249 Months Ended
	Jul. 11, 2014 USD ($)	Sep. 26, 2014 USD ($) Cases Defendants	Sep. 27, 2013 USD ($)	Sep. 26, 2014 USD ($) Cases Defendants	Sep. 27, 2013 USD ($)	Dec. 31, 2013 USD ($) Cases	Sep. 26, 2014 Revolving Credit Facility [Member] USD ($)	Dec. 31, 2013 Revolving Credit Facility [Member] USD ($)	Sep. 26, 2014 Parent Company [Member] USD ($) Cases	Apr. 02, 2014 Silec [Member] EUR (€)	Sep. 26, 2014 Monetary Damages [Member] Cases	Dec. 31, 2009 Monetary Damages [Member] Brazilian State Claimant [Member] USD ($)	Oct. 20, 2014 Monetary Damages [Member] Brazilian State Claimant [Member] Subsequent Event [Member] USD ($)	Sep. 26, 2014 Allege Only Damages [Member] USD ($) Cases	Sep. 26, 2014 Asbestos Issue [Member] Cases	Sep. 26, 2014 Asbestos Issue [Member] Cases	Dec. 31, 2013 Asbestos Issue [Member] Cases	Sep. 26, 2014 Asbestos Issue [Member] Cases
Loss Contingencies [Line Items]
Environmental-related accrued liabilities		$ 3,700,000		$ 3,700,000		$ 3,100,000
Non-maritime cases against company		3,275		3,275
New claims filed, number																81	133
Cases proceed to verdict, period				20 years
Number of cases proceed to verdict		0		0
Claims settled and dismissed, number						21,933									25,759	25,913		47,846
Pending claims, number		2,679		2,679		3,275					134
Number of cases									1		289			155
Amount per plaintiff														381,000
Damages sought, value				446,000,000					10,000,000	1,900,000
Punitive damages, value				313,000,000
Number of defendants		50		50
Accrual related to maritime and non-maritime cases, gross amount				4,800,000		5,200,000
Insurance recoveries related to lawsuits				500,000
Accrual related to maritime and non-maritime cases, net amount		4,300,000		4,300,000		4,700,000
Aggregate settlement costs		9,400,000	8,700,000	9,400,000	8,700,000
Settlement costs		200,000	0	600,000	200,000
Aggregate litigation expense, amount		24,300,000	22,400,000	24,300,000	22,400,000
Legal fees		300,000	400,000	1,200,000	1,000,000
Principal amount claimed												8,000,000
Litigation settlement, amount													8,000,000
Penalties expense				30,000,000
Estimated recovery from insurer	5,000,000
Minimum rental payments required under non-cancelable lease agreement for year 1		38,400,000		38,400,000
Minimum rental payments required under non-cancelable lease agreement for year 2		32,400,000		32,400,000
Minimum rental payments required under non-cancelable lease agreement for year 3		27,400,000		27,400,000
Minimum rental payments required under non-cancelable lease agreement for year 4		7,700,000		7,700,000
Minimum rental payments required under non-cancelable lease agreement for year 5		6,300,000		6,300,000
Minimum rental payments required under non-cancelable lease agreement thereafter		10,800,000		10,800,000
Letters of credit		58,800,000		58,800,000			29,600,000	112,700,000
Performance bonds		188,000,000		188,000,000
Other guarantees		$ 251,500,000		$ 251,500,000

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Shipping and Handling Costs (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Shipping And Handling Costs [Abstract]
Shipping and handling costs associated with storage and handling of finished goods and shipments to customers	$ 37.9	$ 42.3	$ 119.6	$ 117.8

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Unconsolidated Affiliated Companies (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]
Equity in net earnings of unconsolidated affiliated companies	$ 0.3	$ 0.9	$ 0.9	$ 1.5
Unconsolidated affiliated companies	$ 19.3		$ 19.3		$ 19.0
PDTL Trading Company Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in affiliated companies, less than	49.00%		49.00%
Colada Continua Chilean, S.A. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in affiliated companies, less than	41.00%		41.00%
Minuet Realty Corp. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in affiliated companies, less than	40.00%		40.00%
Nostag GmbH & Co. KG [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in affiliated companies, less than	33.00%		33.00%
Pakistan Cables Limited [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in affiliated companies, less than	24.60%		24.60%
Keystone Electric Wire & Cable Co., Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in affiliated companies, less than	20.00%		20.00%
Thai Copper Rod Company Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage in affiliated companies, less than	18.00%		18.00%
Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership threshold, investment as equity method	50.00%		50.00%

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Total Equity (Reclassifications out of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of Sales	$ (1,445.1)	$ (1,396.9)	$ (4,142.6)	$ (4,250.0)
Net income (loss) attributable to Company common shareholders	(124.2)	5.7	(464.4)	(31.9)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss) attributable to Company common shareholders	1.0	1.4	6.0	5.7
Reclassification out of Accumulated Other Comprehensive Income [Member] | Change in Fair Value of Derivatives [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of Sales		(0.3)		0.7
Net income (loss) attributable to Company common shareholders		(0.3)		0.7
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of Defined Pension Items [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Prior service cost	0.2	0.3	0.6	0.8
Net loss	0.8	1.4	2.2	4.2
Settlement Loss	0		3.2
Net income (loss) attributable to Company common shareholders		$ 1.7		$ 5.0

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Employee Benefit Plans (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Jun. 29, 2012	Sep. 26, 2014	Sep. 27, 2013
Restructuring Cost and Reserve [Line Items]
Loss that will be amortized from accumulated other comprehensive income in the next year				$ (5.2)
Defined benefit pension plan cash contributions	3.3	2.4		9.9	7.2
Pre-tax non-cash settlement loss			$ (4.5)

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Commitments and Contingencies

9 Months Ended

Sep. 26, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Environmental matters

We are subject to a variety of federal, state, local and foreign laws and regulations covering the storage, handling, emission and discharge of materials into the environment, including CERCLA, the Clean Water Act, the Clean Air Act (including the 1990 amendments) and the Resource Conservation and Recovery Act.

Our subsidiaries in the United States have been identified as potentially responsible parties with respect to several sites designated for cleanup under CERCLA or similar state laws, which impose liability for cleanup of certain waste sites and for related natural resource damages without regard to fault or the legality of waste generation or disposal. Persons liable for such costs and damages generally include the site owner or operator and persons that disposed or arranged for the disposal of hazardous substances found at those sites. Although CERCLA imposes joint and several liability on all potentially responsible parties, in application, the potentially responsible parties typically allocate the investigation and cleanup costs based upon, among other things, the volume of waste contributed by each potentially responsible party.

Settlements can often be achieved through negotiations with the appropriate environmental agency or the other potentially responsible parties. Potentially responsible parties that contributed small amounts of waste (typically less than 1% of the waste) are often given the opportunity to settle as “de minimus” parties, resolving their liability for a particular site. We do not own or operate any of the waste sites with respect to which we have been named as a potentially responsible party by the government. Based on our review and other factors, we believe that costs relating to environmental clean-up at these sites will not have a material adverse effect on our results of operations, cash flows or financial position.

At September 26, 2014 and December 31, 2013, we had an accrued liability of approximately $3.7 million and $3.1 million, respectively, for various environmental-related liabilities to the extent costs are known or can be reasonably estimated as a liability. While it is difficult to estimate future environmental-related liabilities accurately, we do not currently anticipate any material adverse effect on our results of operations, financial position or cash flows as a result of compliance with federal, state, local or foreign environmental laws or regulations or cleanup costs of the sites discussed above.

Asbestos litigation

We have been a defendant in asbestos litigation for over 20 years. Our subsidiaries have been named as defendants in lawsuits alleging exposure to asbestos in products manufactured by us. As of September 26, 2014, we were a defendant in approximately 3,275 cases brought in Federal District Courts throughout the United States. In the nine months ended September 26, 2014, 81 asbestos cases were brought against us. In the calendar year 2013, 133 asbestos cases were brought against us. In the last 20 years, we have had no cases proceed to verdict. In many of the cases, we were dismissed as a defendant before trial for lack of product identification. As of September 26, 2014, 47,846 asbestos cases have been dismissed. In the nine months ended September 26, 2014, 25,913 asbestos cases were dismissed. In September 2014, upon receipt from the MDL Court of a current statistical report listing numbers of outstanding cases as well as a list identifying outstanding Maritime/MARDOC cases by plaintiff name, General Cable recorded a dismissal of 25,759 cases reducing its number of pending Maritime/MARDOC cases to 2,679. As of December 31, 2013, 21,933 cases were dismissed. With regards to the approximately 3,275 remaining pending cases, we are aggressively defending these cases based upon either lack of product identification as to whether we manufactured asbestos-containing product and/or lack of exposure to asbestos dust from the use of our product.

As of September 26, 2014, 2,679 pending lawsuits were brought on behalf of plaintiffs by a single admiralty law firm (“MARDOC”) and seek unspecified damages. Plaintiffs in the MARDOC cases generally allege that they formerly worked in the maritime industry and sustained asbestos-related injuries from products that General Cable ceased manufacturing in the mid-1970s. The MARDOC cases are managed and supervised by a federal judge in the United States District Court for the Eastern District of Pennsylvania (“District Court”) by reason of a transfer by the judicial panel on Multidistrict Litigation (“MDL”).

In the MARDOC cases in the MDL, the District Court in May 1996 dismissed all pending cases filed without prejudice and placed them on an inactive administrative docket. To reinstate a MARDOC case from the inactive docket, plaintiffs’ counsel must show that the plaintiff not only suffered from a recognized asbestos related injury, but also must produce specific product identification evidence to proceed against an individual defendant. During 2010, the MDL Court ordered Plaintiffs to identify the defendants against whom they intended to proceed in the Maritime cases. General Cable was not named as a defendant against whom the plaintiffs intended to proceed. As such it is now anticipated that General Cable will be dismissed from all Maritime related lawsuits.

For cases outside the MDL as of September 26, 2014, plaintiffs have asserted monetary damages in 289 cases. In 155 of these cases, plaintiffs allege only damages in excess of some dollar amount (about $381 thousand per plaintiff); in these cases there are no claims for specific dollar amounts requested as to any defendant. In the 134 other cases pending in state and federal district courts (outside the MDL), plaintiffs seek approximately $446 million in damages from as many as 50 defendants. In one case, plaintiffs have asserted damages related to General Cable in the amount of $10 million. In addition, in relation to these 289 cases, there are claims of $313 million in punitive damages from all of the defendants. However, many of the plaintiffs in these cases allege non-malignant injuries. As of September 26, 2014 and December 31, 2013, we had accrued, on a gross basis, approximately $4.8 million and $5.2 million, respectively, and as of September 26, 2014 and December 31, 2013, had recovered approximately $0.5 million of insurance recoveries for these lawsuits. The net amount of $4.3 million and $4.7 million, as of September 26, 2014 and December 31, 2013, respectively, represents our best estimate in order to cover resolution of current and future asbestos-related claims.

The components of the asbestos litigation reserve are current and future asbestos-related claims. The significant assumptions are: (1) the number of cases per state, (2) an estimate of the judgment per case per state, (3) an estimate of the percentage of cases per state that would make it to trial and (4) the estimated total liability percentage, excluding insurance recoveries, per case judgment. Management's estimates are based on the Company's historical experience with asbestos related claims. The Company's current history of asbestos claims does not provide sufficient and reasonable information to estimate a range of loss for potential future, unasserted asbestos claims because the number and the value of the alleged damages of such claims have not been consistent. As such, the Company does not believe a reasonably possible range can be estimated with respect to asbestos claims that may be filed in the future.

Settlement payments are made, and the asbestos accrual is relieved, when we receive a fully executed settlement release from the Plaintiff's counsel. As of September 26, 2014 and September 27, 2013, aggregate settlement costs were $9.4 million and $8.7 million, respectively. For the three months ended September 26, 2014 and September 27, 2013, settlement costs totaled $0.2 million and $0.0 million, respectively. For the nine months ended September 26, 2014 and September 27, 2013, settlement costs totaled $0.6 million and $0.2 million, respectively. As of September 26, 2014 and September 27, 2013, aggregate litigation costs were $24.3 million and $22.4 million, respectively. For the three months ended September 26, 2014 and September 27, 2013, litigation costs were $0.3 million and $0.4 million, respectively. For the nine months ended September 26, 2014 and September 27, 2013, litigation costs were $1.2 million and $1.0 million, respectively.

In January 1994, we entered into a settlement agreement with certain principal primary insurers concerning liability for the costs of defense, judgments and settlements, if any, in all of the asbestos litigation described above. Subject to the terms and conditions of the settlement agreement, the insurers are responsible for a substantial portion of the costs and expenses incurred in the defense or resolution of this litigation. In recent years one of the insurers participating in the settlement that was responsible for a significant portion of the contribution under the settlement agreement entered into insurance liquidation proceedings. As a result, the contribution of the insurers has been reduced and we have had to bear a larger portion of the costs relating to these lawsuits. Moreover, certain of the other insurers may be financially unstable, and if one or more of these insurers enter into insurance liquidation proceedings, we will be required to pay a larger portion of the costs incurred in connection with these cases.

European Commission competition matter

As part of the Company’s acquisition of Silec Cable, S.A.S (“Silec”) in December 2005, SAFRAN SA (“SAFRAN”), agreed to indemnify the Company for the full amount of losses arising from, related to or attributable to practices, if any, that are similar to previous practices investigated by the French competition authority for alleged competition law violations related to medium-and high voltage cable markets. The Company has asserted a claim under this indemnity against SAFRAN related to the European Commission’s Statement of Objections, discussed below, to preserve the Company’s rights in case of an adverse European Commission decision.

On July 5, 2011, the European Commission issued a Statement of Objections in relation to its ongoing competition investigation to a number of wire and cable manufacturers in the submarine and underground power cables business, including our Spanish affiliate, Grupo General Cable Sistemas, and its French subsidiary, Silec. The Statement of Objections alleged that the two affiliates engaged in violations of competition law in the underground power cables businesses for limited periods of time. The allegations related to Grupo General Cable Sistemas claimed that it had participated in a cartel from January 2003 to May 2007, while the allegations related to Silec were for the ten month period following its December 22, 2005 acquisition from SAFRAN by Grupo General Cable Sistemas.

Following our formal responses to the Statement of Objections in October 2011 and a hearing in 2012, the European Commission issued a final decision on April 2, 2014. In the decision, the claims of infringement against Grupo General Cable Sistemas were dismissed for lack of evidence of alleged cartel activity. With regard to Silec, the European Commission’s decision imposed a fine of 1.9 million Euros related to the period Silec has been owned by us. This fine was based on participation that allegedly commenced well before Silec was acquired by us. On June 13, 2014, we filed an appeal with the General Court of the European Union challenging the European Commission’s decision as to Silec in Europe based on established precedent. We also continue to pursue our claim for full indemnification for the Silec fine under the terms of the acquisition agreement with SAFRAN SA executed in 2005.

Transformer damage claims

In March 2012, we received formal notice of a claim for damages arising from a transformer fire that occurred in December 2010 allegedly resulting in loss of equipment and some consequential damages at a metal processing facility in Iceland. We supplied and installed cables and terminations to the transformer, which was manufactured and installed by an independent third party, during 2006 and the first quarter of 2007. Our work was inspected and accepted by the customer in March 2007. In August 2012, the customer initiated arbitration proceedings before the ICC Tribunal with a request to arbitrate in Pennsylvania. In September 2012, we initiated litigation in Pennsylvania state court seeking a declaration that we are not liable for any damages associated with the alleged loss resulting from the transformer fire and seeking to enjoin the ICC arbitration proceedings. The customer then moved the case from state to federal district court in the Western District of Pennsylvania which determined on motion that the ICC Tribunal not the court should decide whether the claims were arbitrable in the first instance. A decision on arbitrability is pending before the ICC Tribunal. We believe we have substantial defenses to potential liability in regard to the transformer fire and claimed loss. At this time, we are unable to predict an estimated range of damages or whether we will have any liability, if any, attributable to the transformer fire.

Brazil administrative proceedings

One of our Brazilian subsidiaries is involved in an administrative proceeding with a state treasury office regarding whether tax incentives granted to us by one Brazilian state are applicable to goods sold in another Brazilian state from September 2008 to December 31, 2009. We believe we correctly relied on the tax incentives granted and that we have substantial defenses to their disallowance by the Brazilian state claimant. The principal amount claimed to be due during the contested period is approximately $8 million which does not include penalties and interest which could be substantial. In September 2012, the 1^st Chamber of the Administrative Court found that we were not liable for any incentive tax payments claimed by the state treasury office. This decision was appealed by the Brazilian state and the Administrative Court determined in April 2013 that the subsidiary is liable for a part of the contested amount. Our subsidiary is seeking formal judicial review of this latest decision on the merits in the Civil Court and obtained an injunction in April 2013 restraining collection of the tax pending the review process in the Civil Court in further proceedings. The Brazilian state subsequently sought to overturn this injunction and the State Court rejected the application in May 2013. Thereafter, in October 2013, a judge in the State Court set aside the injunction and our subsidiary also took an appeal to the State Court of Appeal, which is awaiting a decision.  The decision setting aside the injunction and the Brazilian state's ability to enforce its purported tax claims were stayed pending the appeal process. In September 2014, the Court reversed the stay at the request of the Brazilian state, and permitted the state to continue with the proceedings to recover the approximately $8 million of contested incentives described above. We promptly filed a motion with the Court to reinstate the stay pending the outcome of the appeal, and we expect the Court to rule on this motion during November 2014. Nonetheless, on October 20, 2014, the Brazilian state issued a summons to collect the approximately $8 million of contested incentives, and we are complying with the terms of the state’s summons.

Brazil tax matters

Our Brazilian subsidiaries have received formal notices of infractions from the Brazilian state authorities related to alleged failures of tax matters associated with the distribution of goods and services from one state to another and alleged failure to file electronic records with the state authorities in regard to inventories, good receipts, and invoices from acquisitions.  The total amount of taxes allegedly due for the infractions including potential interest and penalties is up to $30 million.  At this time, we believe we have defenses to all remaining claims or are unable to predict an estimated range of damages and whether or not a liability will exist for these remaining claims.

Brazil theft claim

As previously reported, on October 29, 2012, the Company announced that it had identified historical accounting errors relating to inventory. We believe that the Brazil inventory accounting issues are, to a significant extent, attributable to a complex theft scheme affecting work in process and finished goods inventory. On July 11, 2014, we received notice of an insurance settlement and receipt of payment on the above theft in the amount of $5 million. 

Government and internal investigations

We have been reviewing, with the assistance of external counsel, certain commission payments involving sales to customers of our subsidiary in Angola. The review has focused upon payment practices with respect to employees of public utility companies, use of agents in connection with such payment practices, and the manner in which the payments were reflected on our books and records. We have determined at this time that certain employees in our Portugal and Angola subsidiaries directly and indirectly made payments at various times from 2002 through 2013 to officials of Angola government-owned public utilities that raise concerns under the FCPA and possibly under the laws of other jurisdictions. We also have been reviewing, with the assistance of external counsel, our use and payment of agents in connection with our Thailand and India operations, which may have implications under the FCPA. We have voluntarily disclosed these matters to the SEC and the DOJ and have provided them with additional information at their request. The SEC and DOJ inquiries into these matters are ongoing. We continue to cooperate with the DOJ and the SEC with respect to these matters. At this time, we are unable to predict the nature of any action that may be taken by the DOJ or SEC or any remedies these agencies may pursue as a result of such actions. We are implementing a screening process relating to sales agents that we use outside of the United States, including, among other things, a review of the agreements under which they were retained and a risk-based assessment of such agents to determine the scope of due diligence measures to be performed by a third-party investigative firm. We also have provided anti-corruption training to our global sales force, and ultimately will provide such training to all salaried employees. In addition, we are conducting a search for a Chief Compliance Officer, who will be responsible for the day-to-day management of our compliance function. The Chief Compliance Officer will report to our Chief Executive Officer, and also will have a reporting relationship with the Audit Committee.

As previously disclosed, we conducted internal investigations, subject to the oversight of the Audit Committee of our Board of Directors and with the assistance of external counsel, principally relating to matters resulting in restatements of a number of our previously issued financial statements. The matters addressed in the investigations included (i) inventory accounting errors addressed in the restatements, including those resulting from inventory theft in Brazil, as well as the timing of internal reporting of the inventory accounting issues to senior corporate management at our headquarters in Highland Heights, Kentucky and (ii) historical revenue recognition accounting practices with regard to “bill and hold” sales in Brazil related to aerial transmission projects, including instances where we have determined that the requirements for revenue recognition under GAAP with respect to the bill and hold sales were not met. (“Bill and hold” sales generally are sales meeting specified criteria under GAAP that enable the seller to recognize revenue at the time title to goods and ownership risk is transferred to the customer, even though the seller does not ship the goods until a later time. In typical sales transactions other than those accounted for as bill and hold, title to goods and ownership risk is transferred to the customer at the time of shipment or delivery.) In connection with these matters, among others, our management identified control deficiencies that constituted material weaknesses in our internal control over financial reporting. These material weaknesses resulted in accounting errors that caused us to issue two sets of restated financial statements. In March 2013, principally to correct the inventory accounting errors, we issued restated consolidated financial statements as of December 31, 2011 and 2010 and for the years ended December 31, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and interim periods ended on March 30, 2012 and June 29, 2012. In January 2014, principally to correct errors relating to revenue recognition with respect to the bill and hold sales, we issued restated consolidated financial statements (which also encompassed matters addressed in the earlier restatement) as of December 31, 2012, 2011 and 2010 and for the years ended December 31, 2012, 2011, 2010 and 2009, and unaudited restated financial statements for interim periods in 2011 and 2012 and the interim period ended on March 29, 2013. For more information regarding these material weaknesses and the steps we have taken to remediate them, see “Item 9A. Controls and Procedures” in our annual report on Form 10-K for the year ended December 31, 2013.

We voluntarily contacted the SEC to advise it of our initial internal investigation, and we have continued to provide information to the SEC on an ongoing basis, including, among other things, information regarding the matters described above and certain earnings management activities by employees in our ROW segment prior to the end of 2012. As we previously disclosed, these earnings management activities (none of which identified to date had a material effect on our consolidated financial statements) were designed to delay the reporting of expenses or other charges, including improper capitalization of costs, misuse of accruals and failure to timely report inventory shortfalls identified through physical inventory counts. The SEC has issued a formal order of investigation. Pursuant to the formal order, the SEC issued subpoenas to us seeking relevant documents and to certain of our current and former employees seeking their testimony. The SEC has requested information regarding, among other things, the above-described Angola matter, matters that were subject to our internal investigations and earnings management activities by ROW employees. We continue to cooperate with the SEC in connection with its investigation.

Any determination that our operations or activities are not in compliance with existing laws or regulations could result in the imposition of substantial fines, civil and criminal penalties, and equitable remedies, including disgorgement and injunctive relief. Because the government investigations and our review regarding commission payment practices and our use and payment of agents described above are ongoing, we are unable to predict their duration, scope, results, or consequences. Dispositions of these types of matters can result in modifications to business practices and compliance programs, and in some cases the appointment of a monitor to review future business and practices with the objective of effecting compliance with the FCPA and other applicable laws. At this time, the Company is unable to make an estimate of the amount of loss, if any, or range of possible loss that the Company could incur as a result of the foregoing matters.

Purported class action and derivative litigation

The matters described above under “Government and internal investigations” relating to our Brazilian business that caused us to restate our financial statements apparently also have, in part, led to litigation against us and certain of our current and former directors, executive officers and employees.

Two civil complaints were filed in the United States District Court for the Southern District of New York on October 21, 2013 and December 4, 2013 by named plaintiffs, on behalf of purported classes of persons who purchased or otherwise acquired our publicly traded securities, against us, Gregory Kenny, our President and Chief Executive Officer, and Brian Robinson, our Executive Vice President and Chief Financial Officer. On our motion, the complaints were transferred to the United States District Court for the Eastern District of Kentucky, the actions were consolidated, and a consolidated complaint was filed in that Court on May 20, 2014 by City of Livonia Employees Retirement System, as lead plaintiff on behalf of a purported class of all persons or entities who purchased our securities between November 3, 2010 and October 14, 2013 (the “City of Livonia Complaint”). The City of Livonia Complaint alleges claims under the antifraud and controlling person liability provisions of the Exchange Act, alleging generally, among other assertions, that we employed inadequate internal financial reporting controls that resulted in, among other things, improper revenue recognition, understated cost of sales, overstated operating income, net income and earnings per share, and the failure to detect inventory lost through theft; that we issued materially false financial results that had to be restated on two occasions; and that statements of Messrs. Kenny and Robinson that they had tested and found effective our internal controls over financial reporting and disclosure were false. The City of Livonia Complaint alleges that as a result of the foregoing, our stock price was artificially inflated and the plaintiffs suffered damages in connection with their purchase of our stock. The City of Livonia Complaint seeks damages in an unspecified amount; reasonable costs and expenses, including counsel and experts fees; and such equitable injunctive or other relief as the Court deems just and proper. On July 18, 2014, defendants filed a motion to dismiss the City of Livonia Complaint based on plaintiff’s failure to state a claim upon which relief could be granted. On August 28, 2014, the plaintiff filed a response opposing the motion, and on September 11, 2014, defendants filed a reply to plaintiff’s response. As a result of an October 10, 2014 decision of the United States Court of Appeals for the Sixth Circuit addressing, among other things, certain matters relevant to the motion, Plaintiff filed, on October 16, 2014, a notice of recent authority in support of its opposition to the motion. On October 20, 2014, defendants filed a response to the notice of recent authority, in which they assert that, contrary to plaintiff’s argument that the decision supports its position, the decision provides further grounds to grant defendants’ motion. The motion is pending. In addition, a derivative complaint was filed on January 7, 2014 in the Campbell County, Kentucky Circuit Court against all but one member of our Board of Directors, including Mr. Kenny, two former directors, Mr. Robinson and two former ROW officials, one of whom is our former executive officer. The derivative complaint alleges that the defendants breached their fiduciary duties by knowingly failing to ensure that we implemented and maintained adequate internal controls over our accounting and financial reporting functions and by knowingly disseminating to stockholders materially false and misleading statements concerning our financial results and internal controls. The derivative complaint seeks damages in an unspecified amount, appropriate equitable relief to remedy the alleged breaches of fiduciary duty, attorneys’ fees, experts’ fees and other costs. On March 5, 2014, the derivative case was placed on inactive status until a motion is filed by a party to reinstate the action to the Court’s active docket.

We believe the derivative complaint, insofar as it relates to our current and former directors, including Mr. Kenny, and to Mr. Robinson, and the City of Livonia Complaint are without merit and intend to vigorously contest the actions.

Other

In addition, we are involved in various routine legal proceedings and administrative actions incidental to our business. In the opinion of our management, these routine proceedings and actions should not, individually or in the aggregate, have a material adverse effect on our consolidated results of operations, cash flows or financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of these matters or other similar matters, if unfavorable, may have such adverse effects.

In accordance with GAAP, we record a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case. To the extent additional information arises or our strategies change, it is possible that our estimate of our probable liability in these matters may change.

The Company has entered into various operating lease agreements related principally to certain administrative, manufacturing and distribution facilities and transportation equipment. At September 26, 2014, future minimum rental payments required under non-cancelable lease agreements during the twelve month periods beginning September 26, 2014 through September 27, 2019 and thereafter are $38.4 million, $32.4 million, $27.4 million, $7.7 million and $6.3 million, respectively, and $10.8 million thereafter.

As of September 26, 2014, the Company had $58.8 million in letters of credit (including the $29.6 million outstanding on the Company's Revolving Credit Facility), $188.0 million in various performance bonds and $251.5 million in other guarantees. Other guarantees include bank guarantees and advance payment bonds. These letters of credit, performance bonds and guarantees are periodically renewed and are generally related to risk associated with self-insurance claims, defined benefit plan obligations, contract performance, quality and other various bank and financing guarantees. Advance payment bonds are often required by customers when the Company obtains advance payments to secure the production of cable for long term contracts. The advance payment bonds provide the customer protection on their deposit in the event that the Company does not perform under the contract.

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Inventories (Schedule of Inventories Stated at the Lower of Cost or Market Value) (Details) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Raw materials	$ 316.5	$ 319.1
Work in process	202.1	190.1
Finished goods	759.6	730.4
Total	$ 1,278.2	$ 1,239.6

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Earnings (Loss) Per Common Share (Tables)

9 Months Ended

Sep. 26, 2014

Earnings Per Share [Abstract]

Reconciliation Of The Numerator And Denominator Of Earnings (Loss) Per Common Share

A reconciliation of the numerator and denominator of earnings (loss) per common share-basic to earnings (loss) per common share-assuming dilution is as follows (in millions, except per share data):

	Three Fiscal Months Ended					Nine Fiscal Months Ended
(in millions, except per share data)	September 26, 2014			September 27, 2013		September 26, 2014			September 27, 2013
Earnings (loss) per common share – basic:
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	5.7	$	(464.4	)	$	(31.9	)
Less: Net income allocated to participating securities (4)	—			0.1		—			0.1
Net income (loss) for basic EPS computations (1)	(124.2		)	5.6		(464.4		)	(32.0		)
Weighted average shares outstanding for basic EPS computation (2)	48.7			49.2		48.8			49.5
Earnings (loss) per common share – basic (3)	$	(2.55	)	$	0.11	$	(9.52	)	$	(0.64	)
Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	5.7	$	(464.4	)	$	(31.9	)
Add: preferred stock dividends, if applicable	—			0.1		—			—
Net income (loss) for diluted EPS computation (1)	$	(124.2	)	$	5.8	$	(464.4	)	$	(31.9	)
Weighted average shares outstanding including nonvested shares	48.7			49.2		48.8			49.5
Dilutive effect of convertible notes	—			1.1		—			—
Dilutive effect of stock options and restricted stock units	—			0.4		—			—
Weighted average shares outstanding for diluted EPS computation (2)	48.7			50.7		48.8			49.5
Earnings (loss) per common share – assuming dilution	$	(2.55	)	$	0.11	$	(9.52	)	$	(0.64	)

(1) Numerator

(2) Denominator

(3) Under the two-class method, earnings (loss) per share – basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

(4) Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

Impact Of Company's Stock Price On Assuming Dilution Calculation For The Subordinated Convertible Notes

The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding – assuming dilution calculation for the Subordinated Convertible Notes.

Share Price	Shares Underlying Subordinated Convertible Notes	Total Treasury Method Incremental Shares (1)
$36.75	—	—
$38.75	603,152	603,152
$40.75	1,147,099	1,147,099
$42.75	1,640,151	1,640,151
$44.75	2,089,131	2,089,131

(1) Represents the number of incremental shares that must be included in the calculation of fully diluted shares under GAAP.

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Total Equity (Components of Accumulated Other Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013	Sep. 27, 2013	Dec. 31, 2012
Statement Equity Components [Line Items]
Accumulated other comprehensive income (loss)	$ (160.1)	$ (112.1)	$ (124.3)	$ (104.6)
Company Common Shareholders [Member]
Statement Equity Components [Line Items]
Foreign currency translation adjustment	(121.1)	(67.1)
Change in fair value of pension benefit obligation, net of tax	(46.6)	(52.6)
Company deferred stock held in rabbi trust, net of tax	7.3	7.3
Other	0.3	0.3
Accumulated other comprehensive income (loss)	(160.1)	(112.1)
Noncontrolling Interest [Member]
Statement Equity Components [Line Items]
Foreign currency translation adjustment	(28.4)	(24.5)
Change in fair value of pension benefit obligation, net of tax	(2.8)	(2.9)
Company deferred stock held in rabbi trust, net of tax	0	0
Other	0	0
Accumulated other comprehensive income (loss)	$ (31.2)	$ (27.4)

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Subsequent Events (Details) (Subsequent Event [Member], Europe and Mediterranean [Member], USD $) In Millions, unless otherwise specified	1 Months Ended
	Oct. 29, 2014
Subsequent Event [Member] | Europe and Mediterranean [Member]
Subsequent Event [Line Items]
Litigation settlement, amount	$ 15

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Financial Instruments (Tables)

9 Months Ended

Sep. 26, 2014

Derivative Instruments and Hedges, Assets [Abstract]

Notional Amounts and Fair Values of Derivatives Designated as Cash Flow Hedges and Derivatives Not Designated as Cash Flow Hedges

The notional amounts and fair values of derivatives not designated as cash flow hedges at September 26, 2014 and December 31, 2013 are shown below (in millions).

	September 26, 2014						December 31, 2013
	Notional Amount		Fair Value				Notional Amount		Fair Value
			Asset (1)		Liability (2)				Asset (1)		Liability (2)
Derivatives not designated as cash flow hedges:
Commodity futures	$	114.5	$	2.6	$	1.6	$	173.7	$	1.2	$	7.6
Foreign currency exchange	165.9		2.8		4.3		223.2		6.0		1.7
			$	5.4	$	5.9			$	7.2	$	9.3

(1) Balance recorded in “Prepaid expenses and other” and “Other non-current assets”

(2) Balance recorded in “Accrued liabilities” and “Other liabilities”

Gain and Loss on the Derivative Representing Either Hedge Ineffectiveness or Hedge Components Excluded From the Assessment of Effectiveness

	Nine Fiscal Months Ended September 27, 2013
(in millions)	Amount of Comprehensive Income (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)			Amount of Gain (Loss) Reclassified from Accumulated  OCI into Income			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.1		$	(0.1	)	Interest expense
Commodity futures	(1.3		)	(1.9		)	Cost of sales
	$	(1.2	)	$	(2.0	)

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Property, Plant and Equipment (Narrative) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 27.5	$ 30.3	$ 85.4	$ 89.6
Asset impairment charges			124.5	14.0
BRAZIL [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges	13.1		13.1
MEXICO [Member]
Property, Plant and Equipment [Line Items]
Asset impairment charges	$ 14.0			$ 14.0
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life			15 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life			50 years
Machinery, Equipment and Office Furnishings [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life			2 years
Machinery, Equipment and Office Furnishings [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life			20 years

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Financial Instruments (Narrative) (Details) (USD $)			3 Months Ended		9 Months Ended
	Sep. 26, 2014 derivatives	Dec. 31, 2013 derivatives	Sep. 26, 2014 Not Designated as Hedging Instrument [Member]	Sep. 27, 2013 Not Designated as Hedging Instrument [Member]	Sep. 26, 2014 Not Designated as Hedging Instrument [Member]	Sep. 27, 2013 Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative contracts held that require collateral securities	$ 0	$ 0
Number of derivative require collateral security	0	0
Gain (loss) on derivative instruments not designated as cash flow hedges			6,000,000	2,900,000	(4,700,000)	(17,500,000)
Forward pricing agreements	26,600,000	10,100,000
Fair value forward pricing agreements	25,400,000	10,600,000
Unrealized gain (loss) related to forward pricing agreements	$ (1,200,000)	$ 500,000

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Long-Term Debt (5.75% Senior Notes Due in 2022) (Details) (North America [Member], 5.75% Senior Notes due 2022 [Member], USD $)	9 Months Ended		12 Months Ended
	Sep. 26, 2014		Dec. 31, 2013	Sep. 25, 2012
Debt Instrument [Line Items]
Debt principal amount				$ 600,000,000.0
Face value	600,000,000		600,000,000
Fair value (Level 2)	$ 570,000,000		$ 588,000,000
Interest rate	5.75%		5.75%	5.75%
Interest payments	Semi-Annual: Apr 1 & Oct 1		Semi-Annual: Apr 1 & Oct 1
Maturity date	October 2022		October 2022
Call Option, Beginning Date, year one	Oct. 01, 2017	[1]
Call Option, Percentage, year one	102.875%	[1]
Call Option, Beginning Date, year two	Oct. 01, 2018	[1]
Call Option, Percentage, year two	101.917%	[1]
Call Option, Beginning Date, year three	Oct. 01, 2019	[1]
Call Option, Percentage, year three	100.958%	[1]
Call Option, Beginning Date, year four and thereafter	October 1, 2020 and thereafter	[1]
Call Option, Percentage, year four and thereafter	100.00%	[1]
Redemption price in cash equal to principal plus accrued and unpaid interest, percent	105.75%
Maximum [Member]
Debt Instrument [Line Items]
Percent of aggregate principal amount of senior notes that can be redeemed on or prior to October 1, 2015	35.00%
Minimum [Member]
Debt Instrument [Line Items]
Percent of aggregate principal amount of senior notes issued remains outstanding	65.00%

[1] The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

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Restructuring (Narrative) (Details) (USD $)	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended		9 Months Ended	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended					1 Months Ended
	Sep. 26, 2014 Selling, General and Administrative Expenses [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Employee Separation Costs [Member] employees	Sep. 26, 2014 July 2014 Restructuring Program [Member] Employee Separation Costs [Member] employees	Sep. 26, 2014 July 2014 Restructuring Program [Member] Asset-Related Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Asset-Related Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Other Restructuring [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Other Restructuring [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] North America [Member] Employee Separation Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] North America [Member] Employee Separation Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] North America [Member] Asset-Related Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] North America [Member] Asset-Related Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] North America [Member] Other Restructuring [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] North America [Member] Other Restructuring [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Europe [Member] Employee Separation Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Europe [Member] Employee Separation Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Europe [Member] Asset-Related Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Europe [Member] Asset-Related Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Europe [Member] Other Restructuring [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Europe [Member] Other Restructuring [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Rest of World [Member] Employee Separation Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Rest of World [Member] Employee Separation Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Rest of World [Member] Asset-Related Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Rest of World [Member] Asset-Related Costs [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Rest of World [Member] Other Restructuring [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Rest of World [Member] Other Restructuring [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Cost of Sales [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Cost of Sales [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Selling, General and Administrative Expenses [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] North America [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] North America [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Europe and Mediterranean [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Europe and Mediterranean [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Rest of World [Member]	Sep. 26, 2014 July 2014 Restructuring Program [Member] Rest of World [Member]	Sep. 26, 2014 February 2014 Restructuring Program [Member] North America [Member]	Sep. 26, 2014 February 2014 Restructuring Program [Member] North America [Member] Employee Separation Costs [Member]	Sep. 26, 2014 February 2014 Restructuring Program [Member] North America [Member] Asset-Related Costs [Member]	Sep. 26, 2014 February 2014 Restructuring Program [Member] North America [Member] Other Restructuring [Member]	Feb. 28, 2014 February 2014 Restructuring Program [Member] North America [Member] Minimum [Member]	Feb. 28, 2014 February 2014 Restructuring Program [Member] North America [Member] Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Expected restructuring charge			$ 200,000,000		$ 40,000,000		$ 130,000,000		$ 30,000,000																							$ 13,000,000		$ 118,000,000		$ 69,000,000					$ 10,000,000.0	$ 12,000,000.0
Cost incurred to date				29,000,000		85,800,000	109,200,000					0	3,200,000					77,600,000	77,600,000					8,200,000	28,400,000							3,600,000		105,700,000		37,000,000
Restructuring charges	$ 9,700,000	$ 119,600,000	$ 146,300,000		$ 29,000,000		$ 109,200,000	$ 4,800,000	$ 8,100,000	$ 400,000	$ 400,000			$ 0	$ 0	$ 27,700,000	$ 27,700,000			$ 400,000	$ 400,000	$ 900,000	$ 900,000			$ 4,400,000	$ 7,700,000	$ 109,900,000	$ 136,600,000	$ 9,700,000	$ 400,000	$ 3,600,000	$ 105,700,000	$ 105,700,000	$ 13,500,000	$ 37,000,000	$ 8,400,000	$ 5,500,000	$ 1,600,000	$ 1,300,000
Number of employees				550	550
Number of manufacturing employees				430	430
Number of non-manufacturing employees				120	120

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Restructuring

9 Months Ended

Sep. 26, 2014

Restructuring and Related Activities [Abstract]

Restructuring

Restructuring

July 2014 restructuring program

In July 2014, the Company announced a comprehensive restructuring program. The restructuring program, which builds on the Company's previously launched productivity and asset optimization plans, is focused on the closure of certain underperforming assets as well as the consolidation and realignment of other facilities. The Company is also implementing initiatives to reduce selling, general and administrative ("SG&A") expenses globally.

The Company expects to incur approximately $200 million in before-tax restructuring charges. The expected costs are $13 million in the North America segment, $118 million in the Europe and Mediterranean segment, and $69 million in the Rest of World ("ROW") segment. As of September 26, 2014, aggregate costs incurred are $3.6 million in the North America segment, $105.7 million in the Europe and Mediterranean segment, and $37.0 million in the ROW segment. For the three and nine months ended September 26, 2014, the Company incurred charges of $119.6 million and $146.3 million, respectively. In the three and nine months ended September 26, 2014, costs incurred were $0.4 million and $3.6 million in the North America segment, $105.7 million and $105.7 million in the Europe and Mediterranean segment, and $13.5 million and $37.0 million in the ROW segment, respectively. For the three and nine months ended September 26, 2014, approximately $109.9 million and $136.6 million of these charges were recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss), respectively. For the three and nine months ended September 26, 2014, approximately $9.7 million of these charges were recorded as SG&A expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). Restructuring costs incurred consist primarily of employee separation costs and asset-related costs to exit or realign facilities. The Company is also incurring other costs as outlined below. Changes in the restructuring reserve and activity for the nine months ended September 26, 2014 are below (in millions):

	Employee Separation Costs			Asset-Related Costs			Other Costs			Total
Total expected restructuring charges	$	40.0		$	130.0		$	30.0		$	200.0
Balance, December 31, 2013	$	—		$	—		$	—		$	—
Net provisions	29.0			109.2			8.1			146.3
Net benefits charged against the assets	—			(109.2		)	(7.7		)	(116.9		)
Payments	(0.4		)	—			(0.1		)	(0.5		)
Foreign currency translation	—			—			—			—
Balance, September 26, 2014	$	28.6		$	—		$	0.3		$	28.9
Remaining expected restructuring charges	$	11.0		$	20.8		$	21.9		$	53.7

Employee Separation Costs

The Company recorded employee separation costs of $29.0 million in the three and nine months ended September 26, 2014. The employee separation charges were $0.4 million in North America, $27.7 million in Europe and $0.9 million in ROW in the three and nine months ended September 26, 2014, respectively.

Employee separation costs include severance, retention bonuses and pension costs. As of September 26, 2014, employee separation costs included severance charges for approximately 550 employees; approximately 430 of these employees were classified as manufacturing employees and approximately120 of these employees were classified as non-manufacturing employees. The charges relate to involuntary separations and the amounts are based on current salary levels and past service periods and are either considered one-time employee termination benefits in accordance with ASC 420 - Exit or Disposal Cost Obligations or as charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits.

Asset-Related Costs

The Company recorded asset-related costs of $85.8 million and $109.2 million, respectively, in the three and nine months ended September 26, 2014. The long-lived asset impairment charges were $0.0 million and $3.2 million in North America, $77.6 million and $77.6 million in Europe and $8.2 million and $28.4 million in ROW in the three and nine months ended September 26, 2014, respectively.

Asset-related costs consist of both asset write-downs and accelerated depreciation. Asset write-downs relate to the establishment of a new fair value basis for assets to be classified as held-for-sale or to be disposed of, as well as asset impairment charges for asset groups to be held-and-used in locations which are being restructured and it has been determined the undiscounted cash flows expected to result from the use and eventual disposition of the assets exceed their carrying value. Charges for accelerated depreciation relate to long-lived assets that will be taken out of service prior to the end of their normal service period. Management will continue to evaluate the recoverability of the carrying amount of its long-lived assets as the global restructuring program is executed.

To determine the fair value, a current appraisal of each impaired asset groups' machinery and equipment and real property, as applicable, was performed utilizing standard valuation approaches, which incorporate Level 3 inputs. The Company assesses impairment at the asset group level which represents the lowest level for which identifiable cash flows can be determined independent of other groups of assets and liabilities. The asset groups at the Company are primarily each manufacturing unit, unless the cash flows of the manufacturing unit are not independent due to shared production, distribution and sale of the finished product. The Company considered the expected net cash flows to be generated by the use of each asset group, as well as the expected cash proceeds from the disposition of the assets, if any, to determine fair value. The impairment charges were recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

The Company notes the plan to abandon a long-lived asset before the end of its previously estimated useful life is a change in accounting estimate per ASC 250 - Accounting Changes and Error Corrections. The annual depreciation impact from the asset write-downs and changes in estimated useful lives is immaterial.

Other Costs

The Company recorded other restructuring-type charges of $4.8 million and $8.1 million, respectively, in the three and nine months ended September 26, 2014. The other restructuring-type charges were $0.0 million and $0.0 million in North America, $0.4 million and $0.4 million in Europe and $4.4 million and $7.7 million in ROW in the three and nine months ended September 26, 2014, respectively.

Other restructuring-type charges are incurred as a direct result of the restructuring program. Such charges primarily include working capital write-downs not associated with normal operations, equipment relocation, termination of contracts and other immaterial costs.

February 2014 restructuring program

In February 2014, as part of the Company's productivity and asset optimization plans, the Company announced the permanent closure of two manufacturing facilities in the electric utility business in North America. The Company expected to incur $10.0 million to $12.0 million, half of which was expected to be non-cash, in pre-tax costs in 2014 related to the closure of these two manufacturing facilities. In the nine months ended September 26, 2014, the Company incurred charges of $8.4 million related to these closures and other cost reductions. The total employee separation costs were $5.5 million, asset related costs were $1.6 million and other costs were $1.3 million in the nine months ended September 26, 2014. The accrual balances related to these activities are immaterial at September 26, 2014.

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Long-Term Debt (Subordinated Convertible Notes) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 26, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Book value	$ 1,523.8	$ 1,386.9
North America [Member] | Two Point Two Five Percent Annual Interest Rate On Subordinated Convertible Notes Until November Two Thousand Twenty Nine Member
Debt Instrument [Line Items]
Maturity date	November 2029	November 2029
Interest rate	2.25%	2.25%
North America [Member] | Four Point Five Zero Percent Annual Interest Rate On Subordinated Convertible Notes Until November Two Thousand Nineteen Member
Debt Instrument [Line Items]
Maturity date	November 2019	November 2019
Interest rate	4.50%	4.50%
North America [Member] | Subordinated Convertible Notes Due 2029 [Member]
Debt Instrument [Line Items]
Face value	429.5	429.5
Debt discount		(261.5)
Book value	169.3	168.0
Fair value (Level 1)	$ 313.1	$ 462.8
Maturity date	November 2029	November 2029
Interest payments	Semi-annually: May 15 & Nov 15	Semi-annually: May 15 & Nov 15

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Segment Information (Tables)

9 Months Ended

Sep. 26, 2014

Segment Reporting [Abstract]

Schedule Of Financial Information By Reportable Segments

Summarized financial information for the Company’s reportable segments for the three and nine fiscal months ended September 26, 2014 and September 27, 2013 is as follows:

	Three Fiscal Months Ended					Nine Fiscal Months Ended
(in millions)	September 26, 2014			September 27, 2013		September 26, 2014			September 27, 2013
Net Sales:
North America	$	644.1		$	663.2	$	1,884.1		$	2,074.7
Europe and Mediterranean	351.9			383.4		1,114.5			1,180.4
ROW	475.7			510.5		1,434.5			1,504.8
Total	$	1,471.7		$	1,557.1	$	4,433.1		$	4,759.9
Segment Operating Income (Loss):
North America	$	48.0		$	25.2	$	97.9		$	106.6
Europe and Mediterranean	(107.3		)	7.6		(97.1		)	(7.8		)
ROW	(19.3		)	10.1		(302.4		)	47.7
Total	$	(78.6	)	$	42.9	$	(301.6	)	$	146.5

(in millions)	September 26, 2014		December 31, 2013
Total Assets:
North America	$	1,373.1	$	1,342.0
Europe and Mediterranean	1,061.9		1,232.8
ROW	1,587.3		2,004.1
Total	$	4,022.3	$	4,578.9

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Supplemental Guarantor Condensed Financial Information

9 Months Ended

Sep. 26, 2014

Quarterly Financial Information Disclosure [Abstract]

Supplemental Guarantor and Parent Company Condensed Financial Information

Supplemental Guarantor Condensed Financial Information

General Cable Corporation (“Parent Company”) and its U.S. 100% wholly-owned subsidiaries (“Guarantor Subsidiaries”) fully and unconditionally guarantee the $600.0 million of 5.75% Senior Notes due in 2022 and the $125.0 million of Senior Floating Rate Notes due in 2015 of the Parent Company on a joint and several basis. The following tables present financial information about the Parent Company, Guarantor Subsidiaries and Non-Guarantor Subsidiaries in millions. Intercompany transactions are eliminated in the "Eliminations" column of the Supplemental Guarantor Condensed Financial Information tables.

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended September 26, 2014

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	512.0		$	959.7		$	—		$	1,471.7
Intercompany	12.1			83.1			46.6			(141.8		)	—
	12.1			595.1			1,006.3			(141.8		)	1,471.7
Cost of sales	—			517.6			1,057.2			(129.7		)	1,445.1
Gross profit	12.1			77.5			(50.9		)	(12.1		)	26.6
Selling, general and administrative expenses	9.9			33.0			71.1			(12.1		)	101.9
Goodwill impairment charge	—			—			—			—			—
Indefinite-lived intangible asset impairment charge	—			—			3.3			—			3.3
Operating income (loss)	2.2			44.5			(125.3		)	—			(78.6		)
Other income (expense)	(1.5		)	11.0			(26.8		)	—			(17.3		)
Interest income (expense):
Interest expense	(15.6		)	(16.9		)	(13.5		)	17.5			(28.5		)
Interest income	13.9			3.6			0.8			(17.5		)	0.8
	(1.7		)	(13.3		)	(12.7		)	—			(27.7		)
Income (loss) before income taxes	(1.0		)	42.2			(164.8		)	—			(123.6		)
Income tax (provision) benefit	0.7			5.4			(1.6		)	—			4.5
Equity in net earnings of affiliated companies and subsidiaries	(123.9		)	(171.5		)	0.1			295.6			0.3
Net income (loss) including non-controlling interest	(124.2		)	(123.9		)	(166.3		)	295.6			(118.8		)
Less: net income (loss) attributable to non-controlling interest	—			—			5.4			—			5.4
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	(123.9	)	$	(171.7	)	$	295.6		$	(124.2	)
Comprehensive income (loss):
Net income (loss)	$	(124.2	)	$	(123.9	)	$	(166.3	)	$	295.6		$	(118.8	)
Currency translation gain (loss)	(54.6		)	(54.6		)	(30.5		)	83.6			(56.1		)
Defined benefit plan adjustments, net of tax	1.0			1.0			0.3			(1.3		)	1.0
Comprehensive income (loss), net of tax	(177.8		)	(177.5		)	(196.5		)	377.9			(173.9		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			3.9			—			3.9
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(177.8	)	$	(177.5	)	$	(200.4	)	$	377.9		$	(177.8	)

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Nine Fiscal Months Ended September 26, 2014

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,530.4		$	2,902.7		$	—		$	4,433.1
Intercompany	45.2			229.0			158.6			(432.8		)	—
	45.2			1,759.4			3,061.3			(432.8		)	4,433.1
Cost of sales	—			1,548.2			2,982.0			(387.6		)	4,142.6
Gross profit	45.2			211.2			79.3			(45.2		)	290.5
Selling, general and administrative expenses	37.1			121.6			224.7			(45.2		)	338.2
Goodwill impairment charge	—			—			155.1			—			155.1
Indefinite-lived intangible asset impairment charge	—			2.1			96.7			—			98.8
Operating income (loss)	8.1			87.5			(397.2		)	—			(301.6		)
Other income (expense)	(1.5		)	8.3			(118.2		)	—			(111.4		)
Interest income (expense):
Interest expense	(47.0		)	(49.3		)	(41.4		)	52.1			(85.6		)
Interest income	41.2			10.9			3.0			(52.1		)	3.0
	(5.8		)	(38.4		)	(38.4		)	—			(82.6		)
Income (loss) before income taxes	0.8			57.4			(553.8		)	—			(495.6		)
Income tax (provision) benefit	(0.9		)	2.3			12.4			—			13.8
Equity in net earnings of affiliated companies and subsidiaries	(464.3		)	(524.0		)	0.5			988.7			0.9
Net income (loss) including non-controlling interest	(464.4		)	(464.3		)	(540.9		)	988.7			(480.9		)
Less: net income (loss) attributable to non-controlling interest	—			—			(16.5		)	—			(16.5		)
Net income (loss) attributable to Company common shareholders	$	(464.4	)	$	(464.3	)	$	(524.4	)	$	988.7		$	(464.4	)
Comprehensive income (loss):
Net income (loss)	$	(464.4	)	$	(464.3	)	$	(540.9	)	$	988.7		$	(480.9	)
Currency translation gain (loss)	(54.0		)	(54.0		)	(34.4		)	84.5			(57.9		)
Defined benefit plan adjustments, net of tax	6.0			6.0			3.9			(9.8		)	6.1
Comprehensive income (loss), net of tax	(512.4		)	(512.3		)	(571.4		)	1,063.4			(532.7		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			(20.3		)	—			(20.3		)
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(512.4	)	$	(512.3	)	$	(551.1	)	$	1,063.4		$	(512.4	)

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended September 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	507.1		$	1,050.0		$	—		$	1,557.1
Intercompany	12.2			92.5			46.9			(151.6		)	—
	12.2			599.6			1,096.9			(151.6		)	1,557.1
Cost of sales	—			538.6			997.7			(139.4		)	1,396.9
Gross profit	12.2			61.0			99.2			(12.2		)	160.2
Selling, general and administrative expenses	10.1			41.0			78.4			(12.2		)	117.3
Operating income (loss)	2.1			20.0			20.8			—			42.9
Other income (expense)	—			0.3			9.2			—			9.5
Interest income (expense):
Interest expense	(21.4		)	(29.2		)	(11.6		)	31.6			(30.6		)
Interest income	27.6			3.9			1.8			(31.6		)	1.7
	6.2			(25.3		)	(9.8		)	—			(28.9		)
Income (loss) before income taxes	8.3			(5.0		)	20.2			—			23.5
Income tax (provision) benefit	(3.2		)	1.0			(14.0		)	—			(16.2		)
Equity in net earnings of affiliated companies and subsidiaries	0.7			4.7			0.4			(4.9		)	0.9
Net income (loss) including non-controlling interest	5.8			0.7			6.6			(4.9		)	8.2
Less: preferred stock dividends	0.1			—			—			—			0.1
Less: net income (loss) attributable to non-controlling interest	—			—			2.4			—			2.4
Net income (loss) attributable to Company common shareholders	$	5.7		$	0.7		$	4.2		$	(4.9	)	$	5.7
Comprehensive income (loss):
Net income (loss)	$	5.8		$	0.7		$	6.6		$	(4.9	)	$	8.2
Currency translation gain (loss)	11.6			11.6			1.0			(9.7		)	14.5
Defined benefit plan adjustments, net of tax	1.7			1.7			0.5			(2.1		)	1.8
Change in fair value of derivatives, net of tax	(0.3		)	(0.3		)	(0.2		)	0.6			(0.2		)
Comprehensive income (loss), net of tax	18.8			13.7			7.9			(16.1		)	24.3
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			5.5			—			5.5
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	18.8		$	13.7		$	2.4		$	(16.1	)	$	18.8

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Nine Fiscal Months Ended September 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,702.2		$	3,057.7		$	—		$	4,759.9
Intercompany	41.7			205.6			222.5			(469.8		)	—
	41.7			1,907.8			3,280.2			(469.8		)	4,759.9
Cost of sales	—			1,685.9			2,992.2			(428.1		)	4,250.0
Gross profit	41.7			221.9			288.0			(41.7		)	509.9
Selling, general and administrative expenses	33.7			140.3			231.1			(41.7		)	363.4
Operating income (loss)	8.0			81.6			56.9			—			146.5
Other income (expense)	—			(6.7		)	(52.1		)	—			(58.8		)
Interest income (expense):
Interest expense	(63.7		)	(84.2		)	(34.6		)	91.8			(90.7		)
Interest income	80.2			11.3			5.0			(91.8		)	4.7
	16.5			(72.9		)	(29.6		)	—			(86.0		)
Income (loss) before income taxes	24.5			2.0			(24.8		)	—			1.7
Income tax (provision) benefit	(9.3		)	(7.5		)	(13.1		)	—			(29.9		)
Equity in net earnings of affiliated companies and subsidiaries	(46.8		)	(41.3		)	0.7			88.9			1.5
Net income (loss) including non-controlling interest	(31.6		)	(46.8		)	(37.2		)	88.9			(26.7		)
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to non-controlling interest	—			—			4.9			—			4.9
Net income (loss) attributable to Company common shareholders	$	(31.9	)	$	(46.8	)	$	(42.1	)	$	88.9		$	(31.9	)
Comprehensive income (loss):
Net income (loss)	$	(31.6	)	$	(46.8	)	$	(37.2	)	$	88.9		$	(26.7	)
Currency translation gain (loss)	(24.6		)	(24.6		)	(39.3		)	59.7			(28.8		)
Defined benefit plan adjustments, net of tax	5.0			5.0			1.4			(6.2		)	5.2
Change in fair value of derivatives, net of tax	(0.1		)	(0.1		)	(0.2		)	0.4			—
Comprehensive income (loss), net of tax	(51.3		)	(66.5		)	(75.3		)	142.8			(50.3		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			1.0			—			1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(51.3	)	$	(66.5	)	$	(76.3	)	$	142.8		$	(51.3	)

Condensed Balance Sheets Information

September 26, 2014

	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	2.4		$	270.0	$	—		$	272.4
Receivables, net of allowances	—		302.8			884.7		—			1,187.5
Inventories	—		473.5			804.7		—			1,278.2
Deferred income taxes	—		23.1			21.7		—			44.8
Prepaid expenses and other	1.7		31.4			95.9		—			129.0
Total current assets	1.7		833.2			2,077.0		—			2,911.9
Property, plant and equipment, net	0.5		222.2			665.2		—			887.9
Deferred income taxes	—		—			17.8		—			17.8
Intercompany accounts	1,274.9		434.0			20.9		(1,729.8		)	—
Investment in subsidiaries	536.6		824.9			—		(1,361.5		)	—
Goodwill	—		13.7			13.3		—			27.0
Intangible assets, net	—		12.0			58.4		—			70.4
Unconsolidated affiliated companies	—		8.4			10.9		—			19.3
Other non-current assets	12.5		34.7			40.8		—			88.0
Total assets	$	1,826.2	$	2,383.1		$	2,904.3	$	(3,091.3	)	$	4,022.3
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	169.4		$	686.2	$	—		$	855.6
Accrued liabilities	25.7		83.9			293.6		—			403.2
Current portion of long-term debt	125.0		—			282.4		—			407.4
Total current liabilities	150.7		253.3			1,262.2		—			1,666.2
Long-term debt	778.3		245.1			93.0		—			1,116.4
Deferred income taxes	175.8		(10.7		)	50.4		—			215.5
Intercompany accounts	—		1,294.5			435.3		(1,729.8		)	—
Other liabilities	2.4		64.3			146.9		—			213.6
Total liabilities	1,107.2		1,846.5			1,987.8		(1,729.8		)	3,211.7
Redeemable non-controlling interest	—		—			16.3		—			16.3
Total Company shareholders’ equity	719.0		536.6			824.9		(1,361.5		)	719.0
Non-controlling interest	—		—			75.3		—			75.3
Total liabilities, redeemable non-controlling interest and equity	$	1,826.2	$	2,383.1		$	2,904.3	$	(3,091.3	)	$	4,022.3

Condensed Balance Sheets Information

December 31, 2013

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories	—		438.0			801.6		—			1,239.6
Deferred income taxes	—		23.3			26.9		—			50.2
Prepaid expenses and other	1.9		32.7			91.6		—			126.2
Total current assets	2.1		754.7			2,249.7		—			3,006.5
Property, plant and equipment, net	0.6		231.9			859.5		—			1,092.0
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,305.5		507.7			35.8		(1,849.0		)	—
Investment in subsidiaries	1,050.4		1,332.3			—		(2,382.7		)	—
Goodwill	—		13.7			170.9		—			184.6
Intangible assets, net	—		15.5			167.4		—			182.9
Unconsolidated affiliated companies	—		8.0			11.0		—			19.0
Other non-current assets	13.7		33.8			30.6		—			78.1
Total assets	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	118.5		$	752.1	$	—		$	870.6
Accrued liabilities	13.8		103.9			317.2		—			434.9
Current portion of long-term debt	—		—			250.3		—			250.3
Total current liabilities	13.8		222.4			1,319.6		—			1,555.8
Long-term debt	902.0		225.0			9.6		—			1,136.6
Deferred income taxes	175.2		(19.4		)	78.0		—			233.8
Intercompany accounts	—		1,339.7			509.3		(1,849.0		)	—
Other liabilities	1.1		79.5			175.3		—			255.9
Total liabilities	1,092.1		1,847.2			2,091.8		(1,849.0		)	3,182.1
Redeemable non-controlling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Non-controlling interest	—		—			99.6		—			99.6
Total liabilities, redeemable non-controlling interest and equity	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9

Condensed Statements of Cash Flows Information

Nine Fiscal Months EndedSeptember 26, 2014

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	16.1		$	51.2		$	(145.4	)	$	—	$	(78.1	)
Cash flows of investing activities:
Capital expenditures	—			(24.2		)	(44.0		)	—		(68.2		)
Proceeds from properties sold	—			3.4			2.0			—		5.4
Other	—			(11.8		)	11.8			—		—
Net cash flows of investing activities	—			(32.6		)	(30.2		)	—		(62.8		)
Cash flows of financing activities:
Dividends paid to shareholders	(26.6		)	—			—			—		(26.6		)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6		)	—			—			—		(0.6		)
Intercompany accounts	41.4			(13.8		)	(27.6		)	—		—
Proceeds from debt	—			1,003.8			760.8			—		1,764.6
Repayments of debt	—			(983.7		)	(614.5		)	—		(1,598.2		)
Purchase of non-controlling interest	—			(1.5		)	1.2					(0.3		)
Dividends paid to non-controlling interest	—			—			(5.2		)	—		(5.2		)
Repurchase of common shares	(30.7		)	—			—					(30.7		)
Proceeds from exercise of stock options	0.2			—			—			—		0.2
Net cash flows of financing activities	(16.3		)	4.8			114.7			—		103.2
Effect of exchange rate changes on cash and cash equivalents	—			(23.2		)	(85.5		)	—		(108.7		)
Increase (decrease) in cash and cash equivalents	(0.2		)	0.2			(146.4		)	—		(146.4		)
Cash and cash equivalents – beginning of period	0.2			2.2			416.4			—		418.8
Cash and cash equivalents – end of period	$	—		$	2.4		$	270.0		$	—	$	272.4

Condensed Statements of Cash Flows Information

Nine Fiscal Months EndedSeptember 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	61.3		$	99.5		$	(183.9	)	$	—	$	(23.1	)
Cash flows of investing activities:
Capital expenditures	—			(21.5		)	(43.9		)	—		(65.4		)
Proceeds from properties sold	—			0.3			0.1			—		0.4
Acquisitions, net of cash acquired	—			(2.3		)	(4.6		)	—		(6.9		)
Other	—			(39.2		)	39.4			—		0.2
Net cash flows of investing activities	—			(62.7		)	(9.0		)	—		(71.7		)
Cash flows of financing activities:
Dividends paid to shareholders	(18.1		)	—			—			—		(18.1		)
Excess tax benefits (deficiencies) from stock-based compensation	0.1			—			—			—		0.1
Intercompany accounts	(86.6		)	14.1			72.5			—		—
Proceeds from debt	—			14.7			836.2			—		850.9
Repayments of debt	—			(14.7		)	(764.8		)	—		(779.5		)
Purchase of non-controlling interest	—			8.2			(12.2		)	—		(4.0		)
Dividends paid to non-controlling interest	—			—			(3.2		)	—		(3.2		)
Repurchase of common shares	(19.5		)	—			—			—		(19.5		)
Proceeds from exercise of stock options	0.6			—			—			—		0.6
Net cash flows of financing activities	(123.5		)	22.3			128.5			—		27.3
Effect of exchange rate changes on cash and cash equivalents	—			4.8			(26.5		)	—		(21.7		)
Increase (decrease) in cash and cash equivalents	(62.2		)	63.9			(90.9		)	—		(89.2		)
Cash and cash equivalents - beginning of period	65.3			44.2			512.8					622.3
Cash and cash equivalents - end of period	$	3.1		$	108.1		$	421.9		$	—	$	533.1

Intercompany Activity

The Parent Company and its Guarantor Subsidiaries participate in a cash pooling program. As part of this program, cash balances are generally swept on a daily basis between the Guarantor Subsidiaries’ bank accounts and those of the Parent Company. There are a significant number of the Company’s subsidiaries that participate in this cash pooling arrangement and there are thousands of transactions per week that occur between the Parent Company and Guarantor Subsidiaries, all of which are accounted for through the intercompany accounts.

Parent Company transactions include interest, dividends, tax payments and intercompany sales transactions related to administrative costs incurred by the Parent Company, which are billed to Guarantor Subsidiaries on a cost-plus basis. These costs are reported in the Parent’s “Selling, general and administrative expenses” in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) Information for the respective period(s). All intercompany transactions are presumed to be settled in cash when they occur and are included in operating activities on the statement of cash flows. Non-operating cash flow changes are classified as financing activities.

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below for the nine fiscal months ended September 26, 2014 and the twelve months ended December 31, 2013:

(in millions)	September 26, 2014			December 31, 2013
Beginning Balance	$	1,305.5		$	1,566.7
Non-cash transactions
Deferred tax	—			7.1
Equity based awards	10.8			11.7
Foreign currency and other	—			—
Cash transactions	(41.4		)	(280.0		)
Ending Balance	$	1,274.9		$	1,305.5

Dividends

There were no cash dividend payments to the Parent Company from the Guarantor Subsidiaries in the nine fiscal months ended September 26, 2014 or September 27, 2013.

Parent Company Long-Term Debt

At September 26, 2014 and December 31, 2013, the Parent Company was party to the following long-term financing arrangements:

(in millions)	September 26, 2014			December 31, 2013
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(260.2		)	(261.5		)
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	903.3			902.0
Less current maturities	125.0			—
Parent Company Long-term debt	$	778.3		$	902.0

(in millions)	Q3 2015		Q3 2016		Q3 2017		Q3 2018		Q3 2019
Debt maturities twelve month period ending	$	125.0	$	—	$	—	$	—	$	—

For long-term debt related to the Parent Company, refer to Note 9 "Long-Term Debt" of the Notes to the Condensed Consolidated Financial Statements.

Commitments and Contingencies

For contingencies and guarantees related to the Parent Company, refer to Note 19 "Commitments and Contingencies" of the Notes to the Condensed Consolidated Financial Statements.

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Venezuelan Operations

9 Months Ended

Sep. 26, 2014

International Operations [Abstract]

Venezuelan Operations

Venezuelan Operations

The Venezuelan government has maintained currency controls and a fixed official exchange rate since February 2003. The Commission for the Administration of Foreign Exchange (“CADIVI”) until recently controlled the sale and purchase of foreign currency in Venezuela. In 2011, CADIVI established an official exchange rate of 4.30 BsF to 1 U.S. dollar ("U.S. Dollar") (the “prior official rate”). On February 13, 2013, the Venezuelan government announced the devaluation of its currency from 4.30 BsF per U.S. dollar to 6.30 BsF per U.S. dollar (the “official rate”).

In March 2013, the Venezuelan government announced the creation of a new alternative currency exchange system authorizing certain companies that operate in designated industry sectors to exchange a limited volume of bolivars for dollars at a bid rate established via weekly auctions under the Complementary System of Foreign Currency Acquirement (“SICAD 1”). These auctions began weekly in October 2013 and the Central Bank of Venezuela began publishing the average exchange rate resulting from the weekly SICAD 1 auctions in December 2013.

On January 24, 2014, the Venezuelan government announced the establishment of a dual exchange rate system. A rate of 6.30 BsF per U.S. dollar will be applied to priority sectors, while other sectors of the economy are eligible to apply an exchange rate determined based on the results of the Venezuelan central bank’s system of weekly SICAD 1 currency auctions to a wider range of transactions. In addition, on January 24, 2014, the Venezuelan government issued Exchange Agreement No. 25, which stated that the rate of exchange established in the most recent SICAD 1 auction would be used for payments related to foreign investments, royalties and the use and exploitation of patents, trademarks, licenses, franchises and technology. In January 2014, the Venezuelan government also announced the replacement of CADIVI with a new foreign currency administration, the National Center for Foreign Commerce (CENCOEX). An entity may seek approval to transact through the CENCOEX mechanism at the official rate; however, we understand that certain transactions may be approved at the latest published SICAD 1 rate depending on an entity’s facts and circumstances. The approximate SICAD 1 rate at September 26, 2014 was 12.0 BsF per U.S. dollar.

On February 19, 2014, the Venezuelan government announced plans for another currency exchange mechanism (“SICAD 2”) which allows authorized foreign exchange operators, such as regulated banks and capital market brokers, to act as intermediaries in the sale of acquisitions of foreign currency. Once regulated, this may facilitate easier access to foreign currency. The SICAD 2 rate is intended to more closely resemble a market-driven exchange rate compared to the rates provided by Venezuela’s other regulated exchange mechanisms. SICAD 2 became effective on March 24, 2014 and the approximate SICAD 2 rate at September 26, 2014 was 50 BsF per U.S. dollar.

The functional currency of the Company’s subsidiary in Venezuela is the U.S. dollar.  Due to the impact of the devaluation on February 13, 2013, the Company recorded a pre-tax charge of $40.9 million in the year ended December 31, 2013 primarily related to the remeasurement of the local Venezuelan balance sheet on the date of the devaluation at the 6.30 BsF per U.S. dollar rate.  At December 31, 2013, the Company was still able to import copper at the official rate. In 2013, the Company remeasured the monetary assets and liabilities denominated in bolivars of its Venezuelan subsidiary at the official rate.

In the three and nine months ended September 26, 2014, limited amounts of dollars for payments were approved at the official rate, including, $0.5 million and $4.9 million, respectively. In the nine months endedSeptember 26, 2014, $0.8 million was authorized at the 4.30 BsF per U.S. dollar rate. There were approximately $44.3 million of U.S. dollar payables which the Company expects to settle at the official rate as of September 26, 2014.

As of September 26, 2014, the Company is eligible for participation in the SICAD 1 auctions; therefore, the Company is eligible to purchase U.S. dollars but the amounts are restricted by government approvals. There are uncertainties as to the restrictions placed on eligible participants and the amount of U.S. dollars available for purchase through the auction process. The Company participated in two SICAD 1 auctions in the second quarter of 2014. The Company was successful in one of the two SICAD 1 auctions and was awarded $15.2 million for the purchase of 4.4 million copper pounds. The funds were settled in the third quarter of 2014.

After consultation with Venezuelan legal counsel, management had determined in the first quarter that “foreign investments” in Exchange Agreement No. 25 should be interpreted to mean that future dividend remittances would be transacted at the exchange rate established through the SICAD 1 auction process, and should be used as the exchange rate required to remeasure the Company’s net monetary assets, after giving consideration to the U.S. dollar-denominated payables noted above which the Company expects the Venezuelan government to approve and settle by using U.S. dollars obtained at the official rate.

Recognizing there is considerable uncertainty as to the nature of transactions that will flow through the SICAD 1 auction and how the SICAD 1 auction will operate in the future, effective in the first quarter and through September 26, 2014, the Company expects that the majority of its Venezuelan subsidiary’s net monetary assets will be remeasured at the SICAD 1 rate since that is the rate the Company now believes, based in part on the advice of Venezuelan legal counsel, will be applicable for future dividend remittances. In applying the March 28, 2014 SICAD 1 exchange rate of 10.8 BsF per U.S. dollar to certain of its monetary assets and liabilities, the Company recorded a devaluation charge of $83.1 million for the nine months ended September 26, 2014 which was included in Other income (expense) within the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). As of September 26, 2014, the Company used the SICAD 1 rate of 12.0 BsF per U.S. dollar to remeasure all of its BsF-denominated assets and liabilities of its Venezuelan subsidiary.

The Company does not intend to utilize the SICAD 2 foreign exchange mechanism at the prevailing exchange rates. The Company has assessed a number of factors, including the limited number of SICAD 2 auctions held to date, the Company’s ability to access the SICAD 2 exchange to date, the restrictions placed on eligible participants, the amount of U.S. dollars available for purchase through the auction process, and the historical lack of official information about the resulting SICAD 2 rate.  At this time, based upon its assessment, the Company does not believe it would be appropriate to use rates from the SICAD 2 exchange system for financial reporting purposes at September 26, 2014.  If the Company had been required to apply the September 26, 2014 SICAD 2 exchange rate (approximately 50 BsF per U.S. dollar) to the Company's consolidated financial statements, the Company would have incurred a pre-tax charge of approximately $80 million as of September 26, 2014.

In addition to the aforementioned exchange controls, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels.

At September 26, 2014 and December 31, 2013, the Company’s total assets in Venezuela were approximately $199 million and $367 million and total liabilities were approximately $75 million and $103 million, respectively. At September 26, 2014 and December 31, 2013, total assets included BsF denominated monetary assets of approximately $134 million and $238 million, which consisted primarily of approximately $106 million and $194 million of cash, and approximately $21 million and $40 million of accounts receivable, respectively. At September 26, 2014 and December 31, 2013, total liabilities included BsF denominated monetary liabilities of approximately $30 million and $65 million, which consisted primarily of accounts payable and other current and non-current accruals, respectively.

The Company's sales in Venezuela were 2% and 4% of consolidated net sales for the three fiscal months ended September 26, 2014 and September 27, 2013, respectively. Operating income in Venezuela was 1% of consolidated operating loss and 45% of consolidated operating income for the three fiscal months ended September 26, 2014 and September 27, 2013, respectively. The Company's sales in Venezuela were 2% and 4% of consolidated net sales for the nine fiscal months ended September 26, 2014 and September 27, 2013, respectively. Operating loss in Venezuela was 16% of consolidated operating loss and operating income in Venezuela was 30% of consolidated operating income for the nine fiscal months ended September 26, 2014 and September 27, 2013, respectively.

For the three fiscal months ended September 26, 2014 and September 27, 2013, 100% of Venezuela's sales were BsF denominated. For the three fiscal months ended September 26, 2014 and September 27, 2013 Venezuela's cost of sales were approximately 56% and 44% BsF denominated, respectively. For the nine fiscal months ended September 26, 2014 and September 27, 2013, 100% and 99% of Venezuela's sales were BsF denominated, respectively. For the nine fiscal months ended September 26, 2014 and September 27, 2013, Venezuela's cost of sales were approximately 52% and 41% BsF denominated, respectively.

At September 26, 2014, there were approximately $44.3 million of U.S. dollar payables which the Company expects to settle at the official rate. At September 26, 2014, approximately $4.1 million of the requested settlements have been outstanding less than 90 days and $40.2 million have been outstanding over 90 days. Currency exchange controls in Venezuela continue to limit the Company’s ability to repatriate funds from Venezuela. We do not consider the net assets of Venezuela to be integral to the Company’s ability to service its debt or operational requirements.

During the three and nine fiscal months ended September 27, 2013, the Company settled $13.0 million and $55.9 million U.S. dollar denominated intercompany payables and accounts payable in Venezuela, respectively. During the three and nine fiscal months ended September 27, 2013, settlements were made at the rate of 4.30 BsF per U.S. dollar on U.S. dollar denominated intercompany payables and accounts payable because the authorization for copper imports was submitted prior to the devaluation on February 13, 2013. At December 31, 2013, $37.6 million of requests of U.S. dollars to settle U.S. dollar denominated intercompany payables remained pending with CADIVI, which we expected to be settled at the 6.30 BsF per U.S. dollar rate. At December 31, 2013, approximately $22.4 million of the requested settlements had been pending up to 30 days, $15.1 million had been pending up to 180 days, and $0.1 million had been pending over 180 days. All monetary assets and liabilities were remeasured at 6.30 BsF per U.S. dollar at December 31, 2013.

As a result of government restrictions, Venezuela continues to operate in a difficult economic environment. The Company has historically taken steps to address operational challenges including obtaining approval of copper imports at the official rates, purchasing other raw material products domestically, and adjusting prices to reflect raw material cost and adherence to government price controls. These regulations, when considered with other governmental policies in Venezuela, may limit the Company's ability to fully benefit from and maintain the Company's controlling financial interest in its Venezuelan subsidiary. The financial impact on the Company's operations in Venezuela of these events and associated ongoing restrictions are uncertain. At September 26, 2014, management expects ongoing operations to continue in Venezuela, but continues to monitor the economic conditions.

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Goodwill and Other Intangible Assets (Schedule of Other Intangible Assets, Customer Relationships) (Details) (USD $) In Millions, unless otherwise specified			9 Months Ended	3 Months Ended	9 Months Ended
	Sep. 26, 2014	Dec. 31, 2013	Sep. 26, 2014 Rest of World [Member]	Sep. 26, 2014 PDIC [Member] Trade Names [Member] Rest of World [Member]	Sep. 26, 2014 PDIC [Member] Trade Names [Member] Rest of World [Member]
Indefinite-lived Intangible Assets [Line Items]
Amortized intangible assets	$ 168.4	$ 139.5
Accumulated amortization	(96.3)	(85.8)
Foreign currency translation adjustment	(2.4)	(1.6)
Amortized intangible assets, net	69.7	52.1
Finite-lived intangible assets, translation and other adjustments			$ 32.2
Definite-lived asset with an estimated remaining life				10 years	10 years

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Fair Value Disclosure (Tables)

9 Months Ended

Sep. 26, 2014

Fair Value Disclosures [Abstract]

Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis

Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in millions).

	Fair Value Measurement
	September 26, 2014								December 31, 2013
	Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3		Fair Value
Assets:
Derivative assets	$	—	$	5.4	$	—	$	5.4	$	—	$	7.2	$	—	$	7.2
Equity securities	21.7		—		—		21.7		22.2		—		—		22.2
Total assets	$	21.7	$	5.4	$	—	$	27.1	$	22.2	$	7.2	$	—	$	29.4
Liabilities:
Derivative liabilities	$	—	$	5.9	$	—	$	5.9	$	—	$	9.3	$	—	$	9.3
Total liabilities	$	—	$	5.9	$	—	$	5.9	$	—	$	9.3	$	—	$	9.3

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Subsequent Events

9 Months Ended

Sep. 26, 2014

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In October 2014, the Company received notice of settlement and receipt of payment on a claim with respect to the cancellation of a project in our Europe and Mediterranean segment in the amount of $15 million. 

The Company’s Board conducted a review of the Company’s strategic alternatives and operational structure and as a result, on October 23, 2014, the Company's Board took action to authorize a plan to exit all of the Company's manufacturing operations in Asia Pacific and Africa. The decision to exit all of the Company's businesses in Africa and Asia was not part of the restructuring plan announced in July 2014.

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Restructuring (Tables)

9 Months Ended

Sep. 26, 2014

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

Changes in the restructuring reserve and activity for the nine months ended September 26, 2014 are below (in millions):

	Employee Separation Costs			Asset-Related Costs			Other Costs			Total
Total expected restructuring charges	$	40.0		$	130.0		$	30.0		$	200.0
Balance, December 31, 2013	$	—		$	—		$	—		$	—
Net provisions	29.0			109.2			8.1			146.3
Net benefits charged against the assets	—			(109.2		)	(7.7		)	(116.9		)
Payments	(0.4		)	—			(0.1		)	(0.5		)
Foreign currency translation	—			—			—			—
Balance, September 26, 2014	$	28.6		$	—		$	0.3		$	28.9
Remaining expected restructuring charges	$	11.0		$	20.8		$	21.9		$	53.7

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Accounting Standards

9 Months Ended

Sep. 26, 2014

New Accounting Pronouncements and Changes in Accounting Principles [Abstract]

Accounting Standards

Accounting Standards

The Company’s significant accounting policies are described in Note 2 to the audited annual consolidated financial statements in the 2013 Annual Report on Form 10-K. In the nine months ended September 26, 2014, there have been no significant changes to these policies. In the nine months ended September 26, 2014, the following accounting pronouncements have been issued with respect to the Company:

In April 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity", which raises the threshold for determining which disposals are required to be presented as discontinued operations and modifies related disclosure requirements. The standard is applied prospectively and is effective in 2015 with early adoption permitted. The Company is currently assessing the potential impact that the adoption of this guidance will have on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. The Company will adopt the standard on January 1, 2017. The Company is evaluating the impact that the standard will have on its Consolidated Financial Statements.

In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period." This standard provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

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Inventories (Tables)

9 Months Ended

Sep. 26, 2014

Inventory Disclosure [Abstract]

Schedule of Inventories Stated at the Lower of Cost or Market Value

At September 26, 2014, all inventories are stated at the lower of cost or market.

(in millions)	September 26, 2014		December 31, 2013
Raw materials	$	316.5	$	319.1
Work in process	202.1		190.1
Finished goods	759.6		730.4
Total	$	1,278.2	$	1,239.6

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Earnings (Loss) Per Common Share (Reconciliation Of The Numerator And Denominator Of Earnings (Loss) Per Common Share) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 26, 2014		Sep. 27, 2013		Sep. 26, 2014		Sep. 27, 2013
Earnings Per Share [Abstract]
Net income for basic EPS computation	$ (124.2)		$ 5.7		$ (464.4)		$ (31.9)
Less: Net income allocated to participating securities	0	[1]	0.1		0	[1]	0.1
Net income (loss) for basic EPS computations	(124.2)	[2]	5.6	[2]	(464.4)	[2]	(32.0)	[2]
Weighted average shares outstanding for basic EPS computation	48.7	[3]	49.2	[3]	48.8	[3]	49.5	[3]
Earnings per common share - basic	$ (2.55)	[4]	$ 0.11	[4]	$ (9.52)	[4]	$ (0.64)	[4]
Add: preferred stock dividends, if applicable	0		0.1		0		0
Net income (loss) for diluted EPS computation	$ (124.2)	[2]	$ 5.8	[2]	$ (464.4)	[2]	$ (31.9)	[2]
Weighted average shares outstanding including nonvested shares	48.7	[3]	49.2	[3]	48.8	[3]	49.5	[3]
Dilutive effect of convertible notes	0		1.1		0		0
Dilutive effect of stock options and restricted stock units	0		0.4		0		0
Weighted average shares outstanding for diluted EPS computation	48.7	[3]	50.7	[3]	48.8	[3]	49.5	[3]
Earnings (loss) per common share – assuming dilution	$ (2.55)		$ 0.11		$ (9.52)		$ (0.64)

[1] Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

[2] Numerator

[3] Denominator

[4] Under the two-class method, earnings (loss) per share – basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

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Share-Based Compensation (Tables)

9 Months Ended

Sep. 26, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Compensation Expense for Company’s Non-Qualified Stock Options, Non-Vested Stock Awards

The table below summarizes share-based compensation for the three and nine fiscal months ended September 26, 2014 and September 27, 2013 (in millions).

	Three Fiscal Months Ended
	September 26, 2014			September 27, 2013
Non-qualified stock option expense	$	0.5		$	1.5
Non-vested stock awards expense	2.8			2.2
Immediately vested stock awards expense	0.1			—
Total pre-tax share-based compensation expense	$	3.4		$	3.7
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.5	)	$	—

	Nine Fiscal Months Ended
	September 26, 2014			September 27, 2013
Non-qualified stock option expense	$	2.3		$	4.2
Non-vested stock awards expense	9.5			6.0
Immediately vested stock awards expense	0.8			—
Total pre-tax share-based compensation expense	$	12.6		$	10.2
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.6	)	$	0.1

(1) Cash inflows (outflows) recognized as financing activities in the Condensed Consolidated Statements of Cash Flows.

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Property, Plant and Equipment (Schedule of Property, Plant and Equipment) (Details) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Total - gross book value	$ 1,448.1	$ 1,830.3
Less accumulated depreciation	(560.2)	(738.3)
Total - net book value	887.9	1,092.0
Land [Member]
Property, Plant and Equipment [Line Items]
Total - gross book value	102.5	120.8
Buildings and Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Total - gross book value	316.2	372.6
Machinery, Equipment and Office Furnishings [Member]
Property, Plant and Equipment [Line Items]
Total - gross book value	969.2	1,290.6
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Total - gross book value	$ 60.2	$ 46.3

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Employee Benefit Plans (Components of Net Periodic Benefit Cost for Pension Benefits) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
U.S. Plans [Member]
Pension expense:
Service cost	$ 0.5	$ 0.5	$ 1.5	$ 1.4
Interest cost	2.0	1.8	6.0	5.4
Expected return on plan assets	(2.6)	(2.3)	(7.9)	(6.9)
Amortization of prior service cost	0	0	0.1	0
Amortization of net loss	1.2	2.0	3.6	6.2
Settlement loss			0	0
Net pension expense	1.1	2.0	3.3	6.1
Non-U.S. Plans [Member]
Pension expense:
Service cost	1.4	1.6	4.2	5.0
Interest cost	1.5	1.4	4.8	4.2
Expected return on plan assets	(0.8)	(0.5)	(2.4)	(1.5)
Amortization of prior service cost	0.3	0.4	0.9	1.2
Amortization of net loss	0.1	0.2	0.3	0.6
Settlement loss			4.5	0
Net pension expense	$ 2.5	$ 3.1	$ 12.3	$ 9.5

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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended							9 Months Ended
	Sep. 26, 2014		Jun. 27, 2014	Mar. 28, 2014	Sep. 27, 2013		Jun. 28, 2013	Sep. 26, 2014		Sep. 27, 2013
Income Statement [Abstract]
Net sales	$ 1,471.7				$ 1,557.1			$ 4,433.1		$ 4,759.9
Cost of sales	1,445.1				1,396.9			4,142.6		4,250.0
Gross profit	26.6				160.2			290.5		509.9
Selling, general and administrative expenses	101.9				117.3			338.2		363.4
Goodwill impairment charge	0				0			155.1		0
Intangible asset impairment charges	3.3				0			98.8		0
Operating income (loss)	(78.6)				42.9			(301.6)		146.5
Other income (expense)	(17.3)				9.5			(111.4)		(58.8)
Interest income (expense):
Interest expense	(28.5)				(30.6)			(85.6)		(90.7)
Interest income	0.8				1.7			3.0		4.7
Interest income (expense), total	(27.7)				(28.9)			(82.6)		(86.0)
Income (loss) before income taxes	(123.6)				23.5			(495.6)		1.7
Income tax (provision) benefit	4.5				(16.2)			13.8		(29.9)
Equity in net earnings of unconsolidated affiliated companies	0.3				0.9			0.9		1.5
Net income (loss) including non-controlling interest	(118.8)				8.2			(480.9)		(26.7)
Less: preferred stock dividends	0				0.1			0		0.3
Less: net income (loss) attributable to non-controlling interest	5.4				2.4			(16.5)		4.9
Net income (loss) attributable to Company common shareholders	(124.2)				5.7			(464.4)		(31.9)
Earnings (loss) per share
Earnings (loss) per common share-basic	$ (2.55)	[1]			$ 0.11	[1]		$ (9.52)	[1]	$ (0.64)	[1]
Weighted average common shares-basic	48.7	[2]			49.2	[2]		48.8	[2]	49.5	[2]
Earnings (loss) per common share-assuming dilution	$ (2.55)				$ 0.11			$ (9.52)		$ (0.64)
Weighted average common shares - assuming dilution	48.7	[2]			50.7	[2]		48.8	[2]	49.5	[2]
Dividends per common share	$ 0.18		$ 0.18	$ 0.18	$ 0.18		$ 0.18	$ 0.54		$ 0.36
Comprehensive income (loss):
Net income (loss)	(118.8)				8.2			(480.9)		(26.7)
Currency translation gain (loss)	(56.1)				14.5			(57.9)		(28.8)
Defined benefit plan adjustments, net of tax of $0.7 million and $3.3 million in the three and nine months ended September 26, 2014 and $0.8 million and $2.8 million in the three and nine months ended September 27, 2013	1.0				1.8			6.1		5.2
Change in fair value of derivatives, net of tax of $0.2 million and $0.6 million in the three and nine months ended September 27, 2013	0				(0.2)			0		0
Comprehensive income (loss), net of tax	(173.9)				24.3			(532.7)		(50.3)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	3.9				5.5			(20.3)		1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$ (177.8)				$ 18.8			$ (512.4)		$ (51.3)

[1] Under the two-class method, earnings (loss) per share – basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

[2] Denominator

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Supplemental Guarantor Condensed Financial Information (Tables)

9 Months Ended

Sep. 26, 2014

Quarterly Financial Information Disclosure [Abstract]

Condensed Statements Of Operations

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Nine Fiscal Months Ended September 26, 2014

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,530.4		$	2,902.7		$	—		$	4,433.1
Intercompany	45.2			229.0			158.6			(432.8		)	—
	45.2			1,759.4			3,061.3			(432.8		)	4,433.1
Cost of sales	—			1,548.2			2,982.0			(387.6		)	4,142.6
Gross profit	45.2			211.2			79.3			(45.2		)	290.5
Selling, general and administrative expenses	37.1			121.6			224.7			(45.2		)	338.2
Goodwill impairment charge	—			—			155.1			—			155.1
Indefinite-lived intangible asset impairment charge	—			2.1			96.7			—			98.8
Operating income (loss)	8.1			87.5			(397.2		)	—			(301.6		)
Other income (expense)	(1.5		)	8.3			(118.2		)	—			(111.4		)
Interest income (expense):
Interest expense	(47.0		)	(49.3		)	(41.4		)	52.1			(85.6		)
Interest income	41.2			10.9			3.0			(52.1		)	3.0
	(5.8		)	(38.4		)	(38.4		)	—			(82.6		)
Income (loss) before income taxes	0.8			57.4			(553.8		)	—			(495.6		)
Income tax (provision) benefit	(0.9		)	2.3			12.4			—			13.8
Equity in net earnings of affiliated companies and subsidiaries	(464.3		)	(524.0		)	0.5			988.7			0.9
Net income (loss) including non-controlling interest	(464.4		)	(464.3		)	(540.9		)	988.7			(480.9		)
Less: net income (loss) attributable to non-controlling interest	—			—			(16.5		)	—			(16.5		)
Net income (loss) attributable to Company common shareholders	$	(464.4	)	$	(464.3	)	$	(524.4	)	$	988.7		$	(464.4	)
Comprehensive income (loss):
Net income (loss)	$	(464.4	)	$	(464.3	)	$	(540.9	)	$	988.7		$	(480.9	)
Currency translation gain (loss)	(54.0		)	(54.0		)	(34.4		)	84.5			(57.9		)
Defined benefit plan adjustments, net of tax	6.0			6.0			3.9			(9.8		)	6.1
Comprehensive income (loss), net of tax	(512.4		)	(512.3		)	(571.4		)	1,063.4			(532.7		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			(20.3		)	—			(20.3		)
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(512.4	)	$	(512.3	)	$	(551.1	)	$	1,063.4		$	(512.4	)

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Three Fiscal Months Ended September 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	507.1		$	1,050.0		$	—		$	1,557.1
Intercompany	12.2			92.5			46.9			(151.6		)	—
	12.2			599.6			1,096.9			(151.6		)	1,557.1
Cost of sales	—			538.6			997.7			(139.4		)	1,396.9
Gross profit	12.2			61.0			99.2			(12.2		)	160.2
Selling, general and administrative expenses	10.1			41.0			78.4			(12.2		)	117.3
Operating income (loss)	2.1			20.0			20.8			—			42.9
Other income (expense)	—			0.3			9.2			—			9.5
Interest income (expense):
Interest expense	(21.4		)	(29.2		)	(11.6		)	31.6			(30.6		)
Interest income	27.6			3.9			1.8			(31.6		)	1.7
	6.2			(25.3		)	(9.8		)	—			(28.9		)
Income (loss) before income taxes	8.3			(5.0		)	20.2			—			23.5
Income tax (provision) benefit	(3.2		)	1.0			(14.0		)	—			(16.2		)
Equity in net earnings of affiliated companies and subsidiaries	0.7			4.7			0.4			(4.9		)	0.9
Net income (loss) including non-controlling interest	5.8			0.7			6.6			(4.9		)	8.2
Less: preferred stock dividends	0.1			—			—			—			0.1
Less: net income (loss) attributable to non-controlling interest	—			—			2.4			—			2.4
Net income (loss) attributable to Company common shareholders	$	5.7		$	0.7		$	4.2		$	(4.9	)	$	5.7
Comprehensive income (loss):
Net income (loss)	$	5.8		$	0.7		$	6.6		$	(4.9	)	$	8.2
Currency translation gain (loss)	11.6			11.6			1.0			(9.7		)	14.5
Defined benefit plan adjustments, net of tax	1.7			1.7			0.5			(2.1		)	1.8
Change in fair value of derivatives, net of tax	(0.3		)	(0.3		)	(0.2		)	0.6			(0.2		)
Comprehensive income (loss), net of tax	18.8			13.7			7.9			(16.1		)	24.3
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			5.5			—			5.5
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	18.8		$	13.7		$	2.4		$	(16.1	)	$	18.8

Condensed Statements of Operations and Comprehensive Income (Loss) Information

Nine Fiscal Months Ended September 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,702.2		$	3,057.7		$	—		$	4,759.9
Intercompany	41.7			205.6			222.5			(469.8		)	—
	41.7			1,907.8			3,280.2			(469.8		)	4,759.9
Cost of sales	—			1,685.9			2,992.2			(428.1		)	4,250.0
Gross profit	41.7			221.9			288.0			(41.7		)	509.9
Selling, general and administrative expenses	33.7			140.3			231.1			(41.7		)	363.4
Operating income (loss)	8.0			81.6			56.9			—			146.5
Other income (expense)	—			(6.7		)	(52.1		)	—			(58.8		)
Interest income (expense):
Interest expense	(63.7		)	(84.2		)	(34.6		)	91.8			(90.7		)
Interest income	80.2			11.3			5.0			(91.8		)	4.7
	16.5			(72.9		)	(29.6		)	—			(86.0		)
Income (loss) before income taxes	24.5			2.0			(24.8		)	—			1.7
Income tax (provision) benefit	(9.3		)	(7.5		)	(13.1		)	—			(29.9		)
Equity in net earnings of affiliated companies and subsidiaries	(46.8		)	(41.3		)	0.7			88.9			1.5
Net income (loss) including non-controlling interest	(31.6		)	(46.8		)	(37.2		)	88.9			(26.7		)
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to non-controlling interest	—			—			4.9			—			4.9
Net income (loss) attributable to Company common shareholders	$	(31.9	)	$	(46.8	)	$	(42.1	)	$	88.9		$	(31.9	)
Comprehensive income (loss):
Net income (loss)	$	(31.6	)	$	(46.8	)	$	(37.2	)	$	88.9		$	(26.7	)
Currency translation gain (loss)	(24.6		)	(24.6		)	(39.3		)	59.7			(28.8		)
Defined benefit plan adjustments, net of tax	5.0			5.0			1.4			(6.2		)	5.2
Change in fair value of derivatives, net of tax	(0.1		)	(0.1		)	(0.2		)	0.4			—
Comprehensive income (loss), net of tax	(51.3		)	(66.5		)	(75.3		)	142.8			(50.3		)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	—			—			1.0			—			1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	$	(51.3	)	$	(66.5	)	$	(76.3	)	$	142.8		$	(51.3	)

Condensed Balance Sheets

Condensed Balance Sheets Information

September 26, 2014

	Parent		Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	—	$	2.4		$	270.0	$	—		$	272.4
Receivables, net of allowances	—		302.8			884.7		—			1,187.5
Inventories	—		473.5			804.7		—			1,278.2
Deferred income taxes	—		23.1			21.7		—			44.8
Prepaid expenses and other	1.7		31.4			95.9		—			129.0
Total current assets	1.7		833.2			2,077.0		—			2,911.9
Property, plant and equipment, net	0.5		222.2			665.2		—			887.9
Deferred income taxes	—		—			17.8		—			17.8
Intercompany accounts	1,274.9		434.0			20.9		(1,729.8		)	—
Investment in subsidiaries	536.6		824.9			—		(1,361.5		)	—
Goodwill	—		13.7			13.3		—			27.0
Intangible assets, net	—		12.0			58.4		—			70.4
Unconsolidated affiliated companies	—		8.4			10.9		—			19.3
Other non-current assets	12.5		34.7			40.8		—			88.0
Total assets	$	1,826.2	$	2,383.1		$	2,904.3	$	(3,091.3	)	$	4,022.3
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	169.4		$	686.2	$	—		$	855.6
Accrued liabilities	25.7		83.9			293.6		—			403.2
Current portion of long-term debt	125.0		—			282.4		—			407.4
Total current liabilities	150.7		253.3			1,262.2		—			1,666.2
Long-term debt	778.3		245.1			93.0		—			1,116.4
Deferred income taxes	175.8		(10.7		)	50.4		—			215.5
Intercompany accounts	—		1,294.5			435.3		(1,729.8		)	—
Other liabilities	2.4		64.3			146.9		—			213.6
Total liabilities	1,107.2		1,846.5			1,987.8		(1,729.8		)	3,211.7
Redeemable non-controlling interest	—		—			16.3		—			16.3
Total Company shareholders’ equity	719.0		536.6			824.9		(1,361.5		)	719.0
Non-controlling interest	—		—			75.3		—			75.3
Total liabilities, redeemable non-controlling interest and equity	$	1,826.2	$	2,383.1		$	2,904.3	$	(3,091.3	)	$	4,022.3

Condensed Balance Sheets Information

December 31, 2013

	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories	—		438.0			801.6		—			1,239.6
Deferred income taxes	—		23.3			26.9		—			50.2
Prepaid expenses and other	1.9		32.7			91.6		—			126.2
Total current assets	2.1		754.7			2,249.7		—			3,006.5
Property, plant and equipment, net	0.6		231.9			859.5		—			1,092.0
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,305.5		507.7			35.8		(1,849.0		)	—
Investment in subsidiaries	1,050.4		1,332.3			—		(2,382.7		)	—
Goodwill	—		13.7			170.9		—			184.6
Intangible assets, net	—		15.5			167.4		—			182.9
Unconsolidated affiliated companies	—		8.0			11.0		—			19.0
Other non-current assets	13.7		33.8			30.6		—			78.1
Total assets	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	118.5		$	752.1	$	—		$	870.6
Accrued liabilities	13.8		103.9			317.2		—			434.9
Current portion of long-term debt	—		—			250.3		—			250.3
Total current liabilities	13.8		222.4			1,319.6		—			1,555.8
Long-term debt	902.0		225.0			9.6		—			1,136.6
Deferred income taxes	175.2		(19.4		)	78.0		—			233.8
Intercompany accounts	—		1,339.7			509.3		(1,849.0		)	—
Other liabilities	1.1		79.5			175.3		—			255.9
Total liabilities	1,092.1		1,847.2			2,091.8		(1,849.0		)	3,182.1
Redeemable non-controlling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Non-controlling interest	—		—			99.6		—			99.6
Total liabilities, redeemable non-controlling interest and equity	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9

Condensed Statements Of Cash Flows

Condensed Statements of Cash Flows Information

Nine Fiscal Months EndedSeptember 26, 2014

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	16.1		$	51.2		$	(145.4	)	$	—	$	(78.1	)
Cash flows of investing activities:
Capital expenditures	—			(24.2		)	(44.0		)	—		(68.2		)
Proceeds from properties sold	—			3.4			2.0			—		5.4
Other	—			(11.8		)	11.8			—		—
Net cash flows of investing activities	—			(32.6		)	(30.2		)	—		(62.8		)
Cash flows of financing activities:
Dividends paid to shareholders	(26.6		)	—			—			—		(26.6		)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6		)	—			—			—		(0.6		)
Intercompany accounts	41.4			(13.8		)	(27.6		)	—		—
Proceeds from debt	—			1,003.8			760.8			—		1,764.6
Repayments of debt	—			(983.7		)	(614.5		)	—		(1,598.2		)
Purchase of non-controlling interest	—			(1.5		)	1.2					(0.3		)
Dividends paid to non-controlling interest	—			—			(5.2		)	—		(5.2		)
Repurchase of common shares	(30.7		)	—			—					(30.7		)
Proceeds from exercise of stock options	0.2			—			—			—		0.2
Net cash flows of financing activities	(16.3		)	4.8			114.7			—		103.2
Effect of exchange rate changes on cash and cash equivalents	—			(23.2		)	(85.5		)	—		(108.7		)
Increase (decrease) in cash and cash equivalents	(0.2		)	0.2			(146.4		)	—		(146.4		)
Cash and cash equivalents – beginning of period	0.2			2.2			416.4			—		418.8
Cash and cash equivalents – end of period	$	—		$	2.4		$	270.0		$	—	$	272.4

Condensed Statements of Cash Flows Information

Nine Fiscal Months EndedSeptember 27, 2013

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	61.3		$	99.5		$	(183.9	)	$	—	$	(23.1	)
Cash flows of investing activities:
Capital expenditures	—			(21.5		)	(43.9		)	—		(65.4		)
Proceeds from properties sold	—			0.3			0.1			—		0.4
Acquisitions, net of cash acquired	—			(2.3		)	(4.6		)	—		(6.9		)
Other	—			(39.2		)	39.4			—		0.2
Net cash flows of investing activities	—			(62.7		)	(9.0		)	—		(71.7		)
Cash flows of financing activities:
Dividends paid to shareholders	(18.1		)	—			—			—		(18.1		)
Excess tax benefits (deficiencies) from stock-based compensation	0.1			—			—			—		0.1
Intercompany accounts	(86.6		)	14.1			72.5			—		—
Proceeds from debt	—			14.7			836.2			—		850.9
Repayments of debt	—			(14.7		)	(764.8		)	—		(779.5		)
Purchase of non-controlling interest	—			8.2			(12.2		)	—		(4.0		)
Dividends paid to non-controlling interest	—			—			(3.2		)	—		(3.2		)
Repurchase of common shares	(19.5		)	—			—			—		(19.5		)
Proceeds from exercise of stock options	0.6			—			—			—		0.6
Net cash flows of financing activities	(123.5		)	22.3			128.5			—		27.3
Effect of exchange rate changes on cash and cash equivalents	—			4.8			(26.5		)	—		(21.7		)
Increase (decrease) in cash and cash equivalents	(62.2		)	63.9			(90.9		)	—		(89.2		)
Cash and cash equivalents - beginning of period	65.3			44.2			512.8					622.3
Cash and cash equivalents - end of period	$	3.1		$	108.1		$	421.9		$	—	$	533.1

Intercompany Cash And Non-Cash Transactions

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below for the nine fiscal months ended September 26, 2014 and the twelve months ended December 31, 2013:

(in millions)	September 26, 2014			December 31, 2013
Beginning Balance	$	1,305.5		$	1,566.7
Non-cash transactions
Deferred tax	—			7.1
Equity based awards	10.8			11.7
Foreign currency and other	—			—
Cash transactions	(41.4		)	(280.0		)
Ending Balance	$	1,274.9		$	1,305.5

Parent Company Long-Term Financing Arrangements

At September 26, 2014 and December 31, 2013, the Parent Company was party to the following long-term financing arrangements:

(in millions)	September 26, 2014			December 31, 2013
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(260.2		)	(261.5		)
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	903.3			902.0
Less current maturities	125.0			—
Parent Company Long-term debt	$	778.3		$	902.0

Parent Company Debt Maturities

(in millions)	Q3 2015		Q3 2016		Q3 2017		Q3 2018		Q3 2019
Debt maturities twelve month period ending	$	125.0	$	—	$	—	$	—	$	—

XML

Supplemental Guarantor Condensed Financial Information (Parent Company Long-Term Financing Arrangements) (Details) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Current portion of long-term debt	$ 407.4	$ 250.3
Long-term debt	1,116.4	1,136.6
North America [Member] | 5.75% Senior Notes due 2022 [Member]
Face value	600.0	600.0
North America [Member] | Subordinated Convertible Notes Due 2029 [Member]
Face value	429.5	429.5
Debt discount		(261.5)
Parent Company [Member]
Current portion of long-term debt	125.0	0
Long-term debt	778.3	902.0
Parent Company [Member] | North America [Member]
Face value	903.3	902.0
Current portion of long-term debt	125.0	0
Long-term debt	778.3	902.0
Five Year Schedule of Maturities of Debt of Parent Company [Abstract]
Debt maturities Q3 2015	125.0
Debt maturities Q3 2016	0
Debt maturities Q3 2017	0
Debt maturities Q3 2018	0
Debt maturities Q3 2019	0
Parent Company [Member] | North America [Member] | 5.75% Senior Notes due 2022 [Member]
Face value	600.0	600.0
Parent Company [Member] | North America [Member] | Subordinated Convertible Notes Due 2029 [Member]
Face value	429.5	429.5
Debt discount	(260.2)	(261.5)
Parent Company [Member] | North America [Member] | Senior Floating Rate Notes [Member]
Face value	125.0	125.0
Parent Company [Member] | North America [Member] | Other Debt [Member]
Face value	$ 9.0	$ 9.0

XML

Condensed Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014		Sep. 27, 2013
Cash flows of operating activities:
Net income (loss) including non-controlling interest	$ (480.9)		$ (26.7)
Adjustments to reconcile net income (loss) to net cash flows of operating activities:
Depreciation and amortization	96.7		100.0
Amortization on restricted stock awards	0.9		0.6
Foreign currency exchange (gain) loss	106.1		55.2
Deferred income taxes	(13.2)		4.0
Excess tax (benefits) deficiencies from stock-based compensation	0.6		(0.1)
Goodwill impairment charge	155.1		0
Intangible asset impairment charges	98.8		0
Non-cash asset-related charges	124.5		14.0
Convertible debt instruments non-cash interest charges	1.3		17.4
(Gain) loss on disposal of property	2.7		2.8
Changes in operating assets and liabilities:
(Increase) decrease in receivables	(104.0)		(91.0)
(Increase) decrease in inventories	(81.7)		(64.0)
(Increase) decrease in other assets	3.5		(8.2)
Increase (decrease) in accounts payable, accrued and other liabilities	11.5		(27.1)
Net cash flows of operating activities	(78.1)		(23.1)
Cash flows of investing activities:
Capital expenditures	(68.2)		(65.4)
Proceeds from properties sold	5.4		0.4
Acquisitions, net of cash acquired	0		(6.9)
Other	0		0.2
Net cash flows of investing activities	(62.8)		(71.7)
Cash flows of financing activities:
Dividends paid to shareholders	(26.6)		(18.1)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6)	[1]	0.1	[1]
Proceeds from debt	1,764.6		850.9
Repayments of debt	(1,598.2)		(779.5)
Purchase of non-controlling interest	(0.3)		(4.0)
Dividends paid to non-controlling interest	(5.2)		(3.2)
Repurchase of common shares	(30.7)		(19.5)
Proceeds from exercise of stock options	0.2		0.6
Net cash flows of financing activities	103.2		27.3
Effect of exchange rate changes on cash and cash equivalents	(108.7)		(21.7)
Increase (decrease) in cash and cash equivalents	(146.4)		(89.2)
Cash and cash equivalents - beginning of period	418.8		622.3
Cash and cash equivalents - end of period	272.4		533.1
Cash paid during the period for:
Income tax payments, net of refunds	17.6		34.4
Interest paid	67.6		62.0
Non-cash investing and financing activities:
Capital expenditures included in accounts payable	$ 17.0		$ 13.9

[1] Cash inflows (outflows) recognized as financing activities in the Condensed Consolidated Statements of Cash Flows.

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Supplemental Guarantor Condensed Financial Information (Condensed Statements Of Cash Flows) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014		Sep. 27, 2013
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	$ (78.1)		$ (23.1)
Capital expenditures	(68.2)		(65.4)
Proceeds from properties sold	5.4		0.4
Acquisitions, net of cash acquired	0		(6.9)
Other	0		0.2
Net cash flows of investing activities	(62.8)		(71.7)
Dividends paid to shareholders	(26.6)		(18.1)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6)	[1]	0.1	[1]
Intercompany accounts	0		0
Proceeds from debt	1,764.6		850.9
Repayments of debt	(1,598.2)		(779.5)
Payments to non-controlling interests	(0.3)		(4.0)
Dividends paid to non-controlling interest	(5.2)		(3.2)
Repurchase of common shares	(30.7)		(19.5)
Proceeds from exercise of stock options	0.2		0.6
Net cash flows of financing activities	103.2		27.3
Effect of exchange rate changes on cash and cash equivalents	(108.7)		(21.7)
Increase (decrease) in cash and cash equivalents	(146.4)		(89.2)
Cash and cash equivalents - beginning of period	418.8		622.3
Cash and cash equivalents - end of period	272.4		533.1
Parent Company [Member]
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	16.1		61.3
Capital expenditures	0		0
Proceeds from properties sold	0		0
Acquisitions, net of cash acquired			0
Other	0		0
Net cash flows of investing activities	0		0
Dividends paid to shareholders	(26.6)		(18.1)
Excess tax benefits (deficiencies) from stock-based compensation	(0.6)		0.1
Intercompany accounts	41.4		(86.6)
Proceeds from debt	0		0
Repayments of debt	0		0
Payments to non-controlling interests	0		0
Dividends paid to non-controlling interest	0		0
Repurchase of common shares	(30.7)		(19.5)
Proceeds from exercise of stock options	0.2		0.6
Net cash flows of financing activities	(16.3)		(123.5)
Effect of exchange rate changes on cash and cash equivalents	0		0
Increase (decrease) in cash and cash equivalents	(0.2)		(62.2)
Cash and cash equivalents - beginning of period	0.2		65.3
Cash and cash equivalents - end of period	0		3.1
Guarantor Subsidiaries [Member]
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	51.2		99.5
Capital expenditures	(24.2)		(21.5)
Proceeds from properties sold	3.4		0.3
Acquisitions, net of cash acquired			(2.3)
Other	(11.8)		(39.2)
Net cash flows of investing activities	(32.6)		(62.7)
Dividends paid to shareholders	0		0
Excess tax benefits (deficiencies) from stock-based compensation	0		0
Intercompany accounts	(13.8)		14.1
Proceeds from debt	1,003.8		14.7
Repayments of debt	(983.7)		(14.7)
Payments to non-controlling interests	(1.5)		8.2
Dividends paid to non-controlling interest	0		0
Repurchase of common shares	0		0
Proceeds from exercise of stock options	0		0
Net cash flows of financing activities	4.8		22.3
Effect of exchange rate changes on cash and cash equivalents	(23.2)		4.8
Increase (decrease) in cash and cash equivalents	0.2		63.9
Cash and cash equivalents - beginning of period	2.2		44.2
Cash and cash equivalents - end of period	2.4		108.1
Non-Guarantor Subsidiaries [Member]
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	(145.4)		(183.9)
Capital expenditures	(44.0)		(43.9)
Proceeds from properties sold	2.0		0.1
Acquisitions, net of cash acquired			(4.6)
Other	11.8		39.4
Net cash flows of investing activities	(30.2)		(9.0)
Dividends paid to shareholders	0		0
Excess tax benefits (deficiencies) from stock-based compensation	0		0
Intercompany accounts	(27.6)		72.5
Proceeds from debt	760.8		836.2
Repayments of debt	(614.5)		(764.8)
Payments to non-controlling interests	1.2		(12.2)
Dividends paid to non-controlling interest	(5.2)		(3.2)
Repurchase of common shares	0		0
Proceeds from exercise of stock options	0		0
Net cash flows of financing activities	114.7		128.5
Effect of exchange rate changes on cash and cash equivalents	(85.5)		(26.5)
Increase (decrease) in cash and cash equivalents	(146.4)		(90.9)
Cash and cash equivalents - beginning of period	416.4		512.8
Cash and cash equivalents - end of period	270.0		421.9
Eliminations [Member]
Schedule of Cash Flows [Line Items]
Net cash flows of operating activities	0		0
Capital expenditures	0		0
Proceeds from properties sold	0		0
Acquisitions, net of cash acquired			0
Other	0		0
Net cash flows of investing activities	0		0
Dividends paid to shareholders	0		0
Excess tax benefits (deficiencies) from stock-based compensation	0		0
Intercompany accounts	0		0
Proceeds from debt	0		0
Repayments of debt	0		0
Payments to non-controlling interests			0
Dividends paid to non-controlling interest	0		0
Repurchase of common shares			0
Proceeds from exercise of stock options	0		0
Net cash flows of financing activities	0		0
Effect of exchange rate changes on cash and cash equivalents	0		0
Increase (decrease) in cash and cash equivalents	0		0
Cash and cash equivalents - beginning of period	0
Cash and cash equivalents - end of period	$ 0		$ 0

[1] Cash inflows (outflows) recognized as financing activities in the Condensed Consolidated Statements of Cash Flows.

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Long-Term Debt (Schedule Of Long-Term-Debt) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 26, 2014	Dec. 31, 2013	Sep. 25, 2012
Debt Instrument [Line Items]
Total debt	$ 1,523.8	$ 1,386.9
Less current maturities	407.4	250.3
Long-term debt	1,116.4	1,136.6
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	319.9	225.0
Interest rate	2.20%	2.00%
North America [Member] | 5.75% Senior Notes due 2022 [Member]
Debt Instrument [Line Items]
Face value	600.0	600.0
Interest rate	5.75%	5.75%	5.75%
Maturity date	October 2022	October 2022
North America [Member] | Subordinated Convertible Notes Due 2029 [Member]
Debt Instrument [Line Items]
Face value	429.5	429.5
Debt discount		(261.5)
Total debt	169.3	168.0
Maturity date	November 2029	November 2029
North America [Member] | Senior Floating Rate Notes Due 2015 [Member]
Debt Instrument [Line Items]
Face value	125.0	125.0
Interest rate	2.60%	2.60%
Maturity date	April 2015	April 2015
North America [Member] | Other Debt [Member]
Debt Instrument [Line Items]
Total debt	9.0	9.0
North America [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	245.1
Europe and Mediterranean [Member] | Other Debt [Member]
Debt Instrument [Line Items]
Total debt	7.6	10.3
Europe and Mediterranean [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Total debt	74.8	0
Europe and Mediterranean [Member] | Other Credit Facilities [Member]
Debt Instrument [Line Items]
Total debt	6.1	17.0
Maturity date	Various	Various
Rest of World [Member] | Credit Facilities [Member]
Debt Instrument [Line Items]
Total debt	$ 286.9	$ 232.6
Maturity date	Various	Various

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Accrued Liabilities (Tables)

9 Months Ended

Sep. 26, 2014

Payables and Accruals [Abstract]

Warranty Accrual

Changes in the carrying amount of the service and product warranty accrual are below (in millions):

Balance, December 31, 2013	$	14.1
Net provisions for warranties issued	4.3
Payments and other related to the warranty accrual	(6.1		)
Foreign currency translation	(0.8		)
Balance, September 26, 2014	$	11.5

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Long-Term Debt (Schedule Of Europe And Mediterranean Credit Facilities) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 26, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Outstanding borrowings	$ 1,523.8	$ 1,386.9
Other Credit Facilities [Member] | Europe and Mediterranean [Member]
Debt Instrument [Line Items]
Outstanding borrowings	6.1	17.0
Undrawn availability	$ 36.6	$ 48.8
Interest rate - weighted average	7.00%	6.70%
Maturity date	Various	Various

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Shipping and Handling Costs

9 Months Ended

Sep. 26, 2014

Shipping And Handling Costs [Abstract]

Shipping and Handling Costs

Shipping and Handling Costs

All shipping and handling amounts billed to a customer in a sales transaction are classified as revenue. Shipping and handling costs associated with storage and handling of finished goods and shipments to customers are included in cost of sales and totaled $37.9 million and $42.3 million, respectively, for the three fiscal months ended September 26, 2014 and September 27, 2013 and $119.6 million and $117.8 million, respectively, for the nine fiscal months ended September 26, 2014 and September 27, 2013.

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Long-Term Debt (Tables)

9 Months Ended

Sep. 26, 2014

Schedule of Long-Term-Debt

(in millions)	September 26, 2014			December 31, 2013
North America
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(260.2		)	(261.5		)
Senior Floating Rate Notes due 2015	125.0			125.0
Revolving Credit Facility	245.1			225.0
Other	9.0			9.0
Europe and Mediterranean
Revolving Credit Facility	74.8			—
Other Credit Facilities	6.1			17.0
Other	7.6			10.3
Rest of World (“ROW”)
Credit facilities	286.9			232.6
Total debt	1,523.8			1,386.9
Less current maturities	407.4			250.3
Long-term debt	$	1,116.4		$	1,136.6

5.75% Senior Notes due 2022 [Member]

Schedule of Long-Term-Debt

The Company's 5.75% Senior Notes are summarized in the table below:

	5.75% Senior Notes
(in millions)	September 26, 2014			December 31, 2013
Face Value	$	600.0		$	600.0
Fair Value (Level 2)	570.0			588.0
Interest Rate	5.75		%	5.75		%
Interest Payment	Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022
Guarantee	Jointly and severally guaranteed by the Company's wholly owned U.S. subsidiaries

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875%
	October 1, 2018	101.917%
	October 1, 2019	100.958%
	October 1, 2020 and thereafter	100.000%

(1) The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

Schedule of Guarantee, Call Options

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875%
	October 1, 2018	101.917%
	October 1, 2019	100.958%
	October 1, 2020 and thereafter	100.000%

Convertible Debt [Member]

Schedule of Long-Term-Debt

The Company’s convertible debt instruments outstanding as of September 26, 2014 and December 31, 2013 were as follows:

	Subordinated Convertible Notes
(in millions)	September 26, 2014			December 31, 2013
Face value	$	429.5		$	429.5
Debt discount	(260.2		)	(261.5		)
Book value	169.3			168.0
Fair value (Level 1)	313.1			462.8
Maturity date	Nov 2029
Stated annual interest rate	4.50% until Nov 2019 2.25% until Nov 2029
Interest payments	Semi-annually: May 15 & Nov 15

Senior Floating Rate Notes [Member]

Schedule of Long-Term-Debt

The Company’s Senior Floating Rate Notes outstanding as of September 26, 2014 and December 31, 2013 were as follows:

	Senior Floating Rate Notes
(in millions)	September 26, 2014			December 31, 2013
Face value	$	125.0		$	125.0
Fair value (Level 1)	125.0			124.1
Interest rate	2.6		%	2.6		%
Interest payment	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	Apr 2015

Schedule of Guarantee, Call Options

Guarantee Jointly and severally guaranteed by the Company’s wholly-owned U.S. subsidiaries

Revolving Credit Facility [Member]

Schedule of Credit Facilities

The Company’s Revolving Credit Facility is summarized in the table below:

	Revolving Credit Facility
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	319.9		$	225.0
Total credit under facility	1,000.0			1,000.0
Undrawn availability(1)	412.1			298.4
Interest rate	2.2		%	2.0		%
Outstanding letters of credit	$	29.6		$	112.7
Original issuance	July 2011
Maturity date	Sept 2018

(1) Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at September 26, 2014 is $263.9 million, $69.6 million and $78.6 million, respectively. Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 was $102.1 million, $53.1 million and $143.2 million, respectively.

Europe And Mediterranean Credit Facilities [Member]

Schedule of Credit Facilities

The Company’s Europe and Mediterranean credit facilities are summarized in the table below:

	Europe and Mediterranean Credit Facilities
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	6.1		$	17.0
Undrawn availability	36.6			48.8
Interest rate – weighted average	7.0		%	6.7		%
Maturity date	Various; all due within 1 year

Rest Of World Row Credit Facilities [Member]

Schedule of Credit Facilities

The Company’s ROW credit facilities are summarized in the table below:

	ROW Credit Facilities
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	286.9		$	232.6
Undrawn availability	238.1			302.2
Interest rate – weighted average	6.0		%	4.6		%
Maturity date	Various; $275.1 million due within 1 year

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Segment Information

9 Months Ended

Sep. 26, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company conducts its operations through three geographic operating and reportable segments – North America, Europe and Mediterranean, and ROW, which consists of operations in Latin America, Sub-Saharan Africa, the Middle East and Asia Pacific. The Company’s operating segments align with the structure of the Company’s internal management organization. All three segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum and fiber optic communication, construction, electric utility and electrical infrastructure wire and cable products as well as the North America and ROW segments manufacture and distribute rod mill wire products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. In North America intersegment sales were $7.2 million and $25.0 million, in Europe and Mediterranean, intersegment sales were $9.1 million and $35.9 million and in ROW, intersegment sales were $4.4 million and $20.9 million for the three and nine months ended September 26, 2014, respectively. In North America, intersegment sales were $4.5 million and $13.9 million, in Europe and Mediterranean, intersegment sales were $7.0 million and $21.9 million and in ROW, intersegment sales were $20.6 million and $58.3 million for the three and nine months ended September 27, 2013, respectively.

The chief operating decision maker evaluates segment performance and allocates resources based on segment operating income. Segment operating income represents income from continuing operations before interest income, interest expense, other income (expense), other financial costs and income tax. Summarized financial information for the Company’s reportable segments for the three and nine fiscal months ended September 26, 2014 and September 27, 2013 is as follows:

	Three Fiscal Months Ended					Nine Fiscal Months Ended
(in millions)	September 26, 2014			September 27, 2013		September 26, 2014			September 27, 2013
Net Sales:
North America	$	644.1		$	663.2	$	1,884.1		$	2,074.7
Europe and Mediterranean	351.9			383.4		1,114.5			1,180.4
ROW	475.7			510.5		1,434.5			1,504.8
Total	$	1,471.7		$	1,557.1	$	4,433.1		$	4,759.9
Segment Operating Income (Loss):
North America	$	48.0		$	25.2	$	97.9		$	106.6
Europe and Mediterranean	(107.3		)	7.6		(97.1		)	(7.8		)
ROW	(19.3		)	10.1		(302.4		)	47.7
Total	$	(78.6	)	$	42.9	$	(301.6	)	$	146.5

(in millions)	September 26, 2014		December 31, 2013
Total Assets:
North America	$	1,373.1	$	1,342.0
Europe and Mediterranean	1,061.9		1,232.8
ROW	1,587.3		2,004.1
Total	$	4,022.3	$	4,578.9

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Financial Instruments (Notional Amounts and Fair Values of Derivatives Designated as Cash Flow Hedges and Derivatives Not Designated as Cash Flow Hedges) (Details) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014		Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Fair Value of assets for derivatives not designated as cash flow hedges	$ 5.4	[1]	$ 7.2	[1]
Fair Value of liability for derivatives not designated as cash flow hedges	5.9	[2]	9.3	[2]
Commodity Futures [Member]
Derivatives, Fair Value [Line Items]
Notional amount of derivatives not designated as cash flow hedges	114.5		173.7
Fair Value of assets for derivatives not designated as cash flow hedges	2.6	[1]	1.2	[1]
Fair Value of liability for derivatives not designated as cash flow hedges	1.6	[2]	7.6	[2]
Foreign Currency Exchanges [Member]
Derivatives, Fair Value [Line Items]
Notional amount of derivatives not designated as cash flow hedges	165.9		223.2
Fair Value of assets for derivatives not designated as cash flow hedges	2.8	[1]	6.0	[1]
Fair Value of liability for derivatives not designated as cash flow hedges	$ 4.3	[2]	$ 1.7	[2]

[1] Balance recorded in “Prepaid expenses and other” and “Other non-current assets”

[2] Balance recorded in “Accrued liabilities” and “Other liabilities”

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Basis of Presentation and Principles of Consolidation

9 Months Ended

Sep. 26, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation and Principles of Consolidation

Basis of Presentation and Principles of Consolidation

The accompanying unaudited Condensed Consolidated Financial Statements of General Cable Corporation and Subsidiaries (“General Cable” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Results of operations for the nine fiscal months ended September 26, 2014 are not necessarily indicative of results that may be expected for the full year. The December 31, 2013 Condensed Consolidated Balance Sheet amounts are derived from the audited financial statements. These financial statements should be read in conjunction with the audited financial statements and notes thereto in General Cable’s 2013 Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 3, 2014. The Company’s fiscal quarters consist of 13-week periods ending on the Friday nearest to the end of the calendar months of March, June and September.

The Condensed Consolidated Financial Statements include the accounts of General Cable Corporation and its wholly-owned subsidiaries. Investments in 50% or less owned joint ventures in which the Company has the ability to exercise significant influence are accounted for under the equity method of accounting. All intercompany transactions and balances among the consolidated companies have been eliminated.

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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Parenthetical) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Income Statement [Abstract]
Defined benefit plan adjustments, tax	$ 0.7	$ 0.8	$ 3.3	$ 2.8
Change in fair value of derivatives, tax	$ 0	$ 0.2	$ 0	$ 0.6

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Income Taxes

9 Months Ended

Sep. 26, 2014

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company’s effective tax rate for the three months endedSeptember 26, 2014 and September 27, 2013 was 3.6% and 68.9% respectively. The low effective tax rate for the three months endedSeptember 26, 2014 was primarily due to the combined impact of no tax benefits being available for the $14.1 million Venezuelan currency revaluation loss, recording a relatively small $2.3 million tax benefit on $119.6 million of asset-related costs and restructuring charges, and the impact of full year forecasted operational losses incurred in jurisdictions where valuation allowances are recorded against net deferred tax assets.  These unfavorable effective tax rate drivers were partially offset by an $8.0 million income tax benefit associated with uncertain tax position reserve releases during the three months endedSeptember 26, 2014. The effective tax rate for the three months endedSeptember 27, 2013 was negatively influenced by the impact of recording no tax benefit on full year forecasted losses in jurisdictions where valuation allowances were recorded against deferred tax assets. 

The Company’s effective tax rate for the nine months endedSeptember 26, 2014 and September 27, 2013 was 2.8% and 1,758.8% respectively. The low effective tax rate on the pre-tax loss for the nine months endedSeptember 26, 2014 was primarily due to a relatively small income tax benefit recorded on the significant pre-tax charges related to asset impairments, restructuring charges, Venezuela currency devaluation loss, and other operational losses incurred in jurisdictions where valuation allowances are recorded against net deferred tax assets.  In the first quarter, a $19.9 million income tax benefit was recognized due to the reversal of deferred tax liabilities associated with the $93.4 million PDIC trade name impairment charge, a $0.1 million income tax benefit was recognized on the $155.1 million PDIC goodwill impairment charge, no income tax benefit was recognized on the $8.8 million Venezuela lower of cost or market inventory charge, and no income tax benefit was recognized related to the $83.1 million Venezuelan currency devaluation charge. In the second and third quarters, a $2.8 million income tax benefit was recorded on $146.3 million of asset-related costs and restructuring charges and no tax benefit was recognized related to the $11.6 million of net Venezuelan currency revaluation losses. These unfavorable effective tax rate drivers were partially offset by $14.7 million of uncertain tax position reserve releases recorded in nine months endedSeptember 26, 2014. The extremely high effective tax rate on the pre-tax income for the nine months endedSeptember 27, 2013 reflects the combined impact of the small $1.7 million pre-tax income, no tax benefit on the Venezuelan currency devaluation loss, the greater mix of earnings in high tax jurisdictions, and the impact of full year forecasted losses in jurisdictions where valuation allowances were recorded against deferred tax assets.

During the third quarter of 2014, the Company accrued approximately $1.3 million of income tax expense for uncertain tax positions likely to be taken in the current year and for interest and penalties on tax positions taken in prior periods, all of which would have a favorable impact on the effective tax rate, if recognized. In addition, $8 million of income tax benefits were recognized due to statute of limitation expirations associated with various uncertain tax positions.

The Company files income tax returns in numerous tax jurisdictions around the world. Due to uncertainties regarding the timing and outcome of various tax audits, appeals and settlements, it is difficult to reliably estimate the amount of unrecognized tax benefits that could change within the next twelve months. The Company believes it is reasonably possible that approximately $9 million of unrecognized tax benefits could change within the next twelve months due to the resolution of tax audits and statute of limitations expiration.

The Internal Revenue Service ("IRS") currently is in the process of examining the Company's 2012 consolidated income tax return.  The IRS completed its examination of the Company's 2007 through 2010 consolidated income tax returns in the second quarter of 2013 with insignificant tax adjustments.  With limited exceptions, tax years prior to 2009 are no longer open in major foreign, state, or local tax jurisdictions.

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Supplemental Guarantor Condensed Financial Information (Condensed Balance Sheets) (Details) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013	Sep. 27, 2013	Dec. 31, 2012
Schedule of Financial Position [Line Items]
Cash and cash equivalents	$ 272.4	$ 418.8	$ 533.1	$ 622.3
Receivables, net of allowances	1,187.5	1,171.7
Inventories	1,278.2	1,239.6
Deferred income taxes	44.8	50.2
Prepaid expenses and other	129.0	126.2
Total current assets	2,911.9	3,006.5
Property, plant and equipment, net	887.9	1,092.0
Deferred income taxes	17.8	15.8
Intercompany accounts	0	0
Investment in subsidiaries	0	0
Goodwill	27.0	184.6
Intangible assets, net	70.4	182.9
Unconsolidated affiliated companies	19.3	19.0
Other non-current assets	88.0	78.1
Total assets	4,022.3	4,578.9
Accounts payable	855.6	870.6
Accrued liabilities	403.2	434.9
Current portion of long-term debt	407.4	250.3
Total current liabilities	1,666.2	1,555.8
Long-term debt	1,116.4	1,136.6
Deferred income taxes	215.5	233.8
Intercompany accounts	0	0
Other liabilities	213.6	255.9
Total liabilities	3,211.7	3,182.1
Redeemable non-controlling interest	16.3	17.0
Total Company shareholders' equity	719.0	1,280.2
Non-controlling interest	75.3	99.6
Total liabilities, redeemable non-controlling interest and equity	4,022.3	4,578.9
Parent Company [Member]
Schedule of Financial Position [Line Items]
Cash and cash equivalents	0	0.2	3.1	65.3
Receivables, net of allowances	0	0
Inventories	0	0
Deferred income taxes	0	0
Prepaid expenses and other	1.7	1.9
Total current assets	1.7	2.1
Property, plant and equipment, net	0.5	0.6
Deferred income taxes	0	0
Intercompany accounts	1,274.9	1,305.5
Investment in subsidiaries	536.6	1,050.4
Goodwill	0	0
Intangible assets, net	0	0
Unconsolidated affiliated companies	0	0
Other non-current assets	12.5	13.7
Total assets	1,826.2	2,372.3
Accounts payable	0	0
Accrued liabilities	25.7	13.8
Current portion of long-term debt	125.0	0
Total current liabilities	150.7	13.8
Long-term debt	778.3	902.0
Deferred income taxes	175.8	175.2
Intercompany accounts	0	0
Other liabilities	2.4	1.1
Total liabilities	1,107.2	1,092.1
Redeemable non-controlling interest	0	0
Total Company shareholders' equity	719.0	1,280.2
Non-controlling interest	0	0
Total liabilities, redeemable non-controlling interest and equity	1,826.2	2,372.3
Guarantor Subsidiaries [Member]
Schedule of Financial Position [Line Items]
Cash and cash equivalents	2.4	2.2	108.1	44.2
Receivables, net of allowances	302.8	258.5
Inventories	473.5	438.0
Deferred income taxes	23.1	23.3
Prepaid expenses and other	31.4	32.7
Total current assets	833.2	754.7
Property, plant and equipment, net	222.2	231.9
Deferred income taxes	0	0
Intercompany accounts	434.0	507.7
Investment in subsidiaries	824.9	1,332.3
Goodwill	13.7	13.7
Intangible assets, net	12.0	15.5
Unconsolidated affiliated companies	8.4	8.0
Other non-current assets	34.7	33.8
Total assets	2,383.1	2,897.6
Accounts payable	169.4	118.5
Accrued liabilities	83.9	103.9
Current portion of long-term debt	0	0
Total current liabilities	253.3	222.4
Long-term debt	245.1	225.0
Deferred income taxes	(10.7)	(19.4)
Intercompany accounts	1,294.5	1,339.7
Other liabilities	64.3	79.5
Total liabilities	1,846.5	1,847.2
Redeemable non-controlling interest	0	0
Total Company shareholders' equity	536.6	1,050.4
Non-controlling interest	0	0
Total liabilities, redeemable non-controlling interest and equity	2,383.1	2,897.6
Non-Guarantor Subsidiaries [Member]
Schedule of Financial Position [Line Items]
Cash and cash equivalents	270.0	416.4	421.9	512.8
Receivables, net of allowances	884.7	913.2
Inventories	804.7	801.6
Deferred income taxes	21.7	26.9
Prepaid expenses and other	95.9	91.6
Total current assets	2,077.0	2,249.7
Property, plant and equipment, net	665.2	859.5
Deferred income taxes	17.8	15.8
Intercompany accounts	20.9	35.8
Investment in subsidiaries	0	0
Goodwill	13.3	170.9
Intangible assets, net	58.4	167.4
Unconsolidated affiliated companies	10.9	11.0
Other non-current assets	40.8	30.6
Total assets	2,904.3	3,540.7
Accounts payable	686.2	752.1
Accrued liabilities	293.6	317.2
Current portion of long-term debt	282.4	250.3
Total current liabilities	1,262.2	1,319.6
Long-term debt	93.0	9.6
Deferred income taxes	50.4	78.0
Intercompany accounts	435.3	509.3
Other liabilities	146.9	175.3
Total liabilities	1,987.8	2,091.8
Redeemable non-controlling interest	16.3	17.0
Total Company shareholders' equity	824.9	1,332.3
Non-controlling interest	75.3	99.6
Total liabilities, redeemable non-controlling interest and equity	2,904.3	3,540.7
Eliminations [Member]
Schedule of Financial Position [Line Items]
Cash and cash equivalents	0	0	0
Receivables, net of allowances	0	0
Inventories	0	0
Deferred income taxes	0	0
Prepaid expenses and other	0	0
Total current assets	0	0
Property, plant and equipment, net	0	0
Deferred income taxes	0	0
Intercompany accounts	(1,729.8)	(1,849.0)
Investment in subsidiaries	(1,361.5)	(2,382.7)
Goodwill	0	0
Intangible assets, net	0	0
Unconsolidated affiliated companies	0	0
Other non-current assets	0	0
Total assets	(3,091.3)	(4,231.7)
Accounts payable	0	0
Accrued liabilities	0	0
Current portion of long-term debt	0	0
Total current liabilities	0	0
Long-term debt	0	0
Deferred income taxes	0	0
Intercompany accounts	(1,729.8)	(1,849.0)
Other liabilities	0	0
Total liabilities	(1,729.8)	(1,849.0)
Redeemable non-controlling interest	0	0
Total Company shareholders' equity	(1,361.5)	(2,382.7)
Non-controlling interest	0	0
Total liabilities, redeemable non-controlling interest and equity	$ (3,091.3)	$ (4,231.7)

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Supplemental Guarantor Condensed Financial Information (Narrative) (Details) (North America [Member], USD $)	Sep. 26, 2014 5.75% Senior Notes due 2022 [Member]	Dec. 31, 2013 5.75% Senior Notes due 2022 [Member]	Sep. 25, 2012 5.75% Senior Notes due 2022 [Member]	Sep. 26, 2014 Senior Floating Rate Notes Due 2015 [Member]	Dec. 31, 2013 Senior Floating Rate Notes Due 2015 [Member]	Mar. 21, 2007 Senior Floating Rate Notes Due 2015 [Member]
Debt principal amount			$ 600,000,000.0			$ 125,000,000.0
Interest rate	5.75%	5.75%	5.75%	2.60%	2.60%

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Document And Entity Information	9 Months Ended
	Sep. 26, 2014	Oct. 27, 2014
Document And Entity Information [Abstract]
Entity Registrant Name	GENERAL CABLE CORP /DE/
Entity Central Index Key	0000886035
Document Type	10-Q
Document Period End Date	Sep. 26, 2014
Amendment Flag	false
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		48,670,829
Entity Filer Category	Large Accelerated Filer

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Employee Benefit Plans

9 Months Ended

Sep. 26, 2014

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

Employee Benefit Plans

The Company provides retirement benefits through contributory and noncontributory qualified and non-qualified defined benefit pension plans covering eligible domestic and international employees as well as through defined contribution plans and other postretirement benefits.

The components of net periodic benefit cost for pension benefits were as follows (in millions):

	Three Fiscal Months Ended
	September 26, 2014						September 27, 2013
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Service cost	$	0.5		$	1.4		$	0.5		$	1.6
Interest cost	2.0			1.5			1.8			1.4
Expected return on plan assets	(2.6		)	(0.8		)	(2.3		)	(0.5		)
Amortization of prior service cost	—			0.3			—			0.4
Amortization of net loss	1.2			0.1			2.0			0.2
Net pension expense	$	1.1		$	2.5		$	2.0		$	3.1

	Nine Fiscal Months Ended
	September 26, 2014						September 27, 2013
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Service cost	$	1.5		$	4.2		$	1.4		$	5.0
Interest cost	6.0			4.8			5.4			4.2
Expected return on plan assets	(7.9		)	(2.4		)	(6.9		)	(1.5		)
Amortization of prior service cost	0.1			0.9			—			1.2
Amortization of net loss	3.6			0.3			6.2			0.6
Settlement loss	—			4.5			—			—
Net pension expense	$	3.3		$	12.3		$	6.1		$	9.5

The estimated net loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net pension expense over the next fiscal year is $5.2 million. The prior service cost to be amortized from accumulated other comprehensive income into net pension expense over the next fiscal year is immaterial.

Defined benefit pension plan cash contributions for the three fiscal months ended September 26, 2014 and September 27, 2013 were $3.3 million and $2.4 million, respectively. Defined benefit pension plan cash contributions for the nine fiscal months ended September 26, 2014 and September 27, 2013 were $9.9 million and $7.2 million, respectively.

In the second quarter of 2014, the Company recorded a pre-tax non-cash settlement loss of $4.5 million for the termination of a pension plan related to the closure of one of the North America manufacturing plants.

Refer to Note 3 - Restructuring for charges for contractual termination benefits under ASC 712 - Compensation - Nonretirement Postemployment Benefits.

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Redeemable Non-controlling Interest (Rollforward) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014
Increase (Decrease) in Temporary Equity [Roll Forward]
Balance	$ 17.0
Net income (loss)	0
Foreign currency translation	(0.7)
Balance	$ 16.3

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Venezuelan Operations (Details) (USD $) In Millions, unless otherwise specified					3 Months Ended		9 Months Ended			12 Months Ended			3 Months Ended		9 Months Ended							3 Months Ended	9 Months Ended			3 Months Ended	9 Months Ended				9 Months Ended
	Sep. 26, 2014	Dec. 31, 2013	Feb. 13, 2013	Feb. 12, 2013	Sep. 26, 2014 VENEZUELA [Member]	Sep. 27, 2013 VENEZUELA [Member]	Sep. 26, 2014 VENEZUELA [Member]		Sep. 27, 2013 VENEZUELA [Member]	Dec. 31, 2013 VENEZUELA [Member]	Sep. 26, 2014 VENEZUELA [Member] Accounts Receivable [Member]	Dec. 31, 2013 VENEZUELA [Member] Accounts Receivable [Member]	Sep. 26, 2014 VENEZUELA [Member] BsF Denominated Monetary Items [Member]	Sep. 27, 2013 VENEZUELA [Member] BsF Denominated Monetary Items [Member]	Sep. 26, 2014 VENEZUELA [Member] BsF Denominated Monetary Items [Member]	Sep. 27, 2013 VENEZUELA [Member] BsF Denominated Monetary Items [Member]	Dec. 31, 2013 VENEZUELA [Member] BsF Denominated Monetary Items [Member]	Sep. 26, 2014 VENEZUELA [Member] BsF Denominated Monetary Items [Member] Cash [Member]	Dec. 31, 2013 VENEZUELA [Member] BsF Denominated Monetary Items [Member] Cash [Member]	Sep. 26, 2014 VENEZUELA [Member] BsF Denominated Monetary Items [Member] Accounts Payable [Member]	Dec. 31, 2013 VENEZUELA [Member] BsF Denominated Monetary Items [Member] Accounts Payable [Member]	Sep. 27, 2013 VENEZUELA [Member] U.S. Dollar Denominated Monetary Items [Member]	Sep. 27, 2013 VENEZUELA [Member] U.S. Dollar Denominated Monetary Items [Member]	Sep. 26, 2014 VENEZUELA [Member] U.S. Dollar Denominated Monetary Items [Member]	Dec. 31, 2013 VENEZUELA [Member] U.S. Dollar Denominated Monetary Items [Member]	Sep. 26, 2014 VENEZUELA [Member] Rate of 6.30 BsF per U.S. Dollar [Member]	Sep. 26, 2014 VENEZUELA [Member] Rate of 6.30 BsF per U.S. Dollar [Member]	Sep. 26, 2014 VENEZUELA [Member] Rate of 4.30 BsF per U.S. Dollar [Member]	Sep. 26, 2014 SICAD 1 Rate [Member] pound	Mar. 28, 2014 SICAD 1 Rate [Member]	Sep. 26, 2014 SICAD 1 Rate [Member] VENEZUELA [Member]	Sep. 26, 2014 SICAD 2 Rate [Member]
Schedule of International Operations [Line Items]
Foreign currency exchange rate, translation	6.30		6.30	4.30																									12.0	10.8		50
Loss due to currency devaluation							$ 83.1		$ 40.9	$ 40.9																					$ 83.1
Payment of copper imports, approved amount																										0.5	4.9	0.8
Pending liabilities																								44.3	37.6
Awarded amount																													15.2
Copper pounds purchased																													4,400,000
Foreign currency transaction, pre-tax charge that could be applied																																80
Maximum percent of profit margin that may be allowed due to price controls							30.00%	[1]
Assets	4,022.3	4,578.9			199.0		199.0			367.0	21.0	40.0	134.0		134.0		238.0	106.0	194.0
Liabilities	3,211.7	3,182.1			75.0		75.0			103.0										30.0	65.0
Percent of revenue					2.00%	4.00%	2.00%		4.00%					100.00%	100.00%	99.00%
Percent of operating income (loss)					1.00%	45.00%	16.00%		30.00%
Percent of cost of goods sold													56.00%	44.00%	52.00%	41.00%
Pending liabilities, less than 90 days																								4.1
Pending liabilities, grater than 90 days																								40.2
Intercompany payables and accounts payable settled																						13.0	55.9
Pending liabilities, less than 30 days																									22.4
Pending liabilities, less than 180 days																									15.1
Pending liabilities, grater than 180 days																									$ 0.1

[1] Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

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Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents	$ 272.4	$ 418.8
Receivables, net of allowances of $36.5 million at September 26, 2014 and $39.2 million at December 31, 2013	1,187.5	1,171.7
Inventories	1,278.2	1,239.6
Deferred income taxes	44.8	50.2
Prepaid expenses and other	129.0	126.2
Total current assets	2,911.9	3,006.5
Property, plant and equipment, net	887.9	1,092.0
Deferred income taxes	17.8	15.8
Goodwill	27.0	184.6
Intangible assets, net	70.4	182.9
Unconsolidated affiliated companies	19.3	19.0
Other non-current assets	88.0	78.1
Total assets	4,022.3	4,578.9
Current Liabilities:
Accounts payable	855.6	870.6
Accrued liabilities	403.2	434.9
Current portion of long-term debt	407.4	250.3
Total current liabilities	1,666.2	1,555.8
Long-term debt	1,116.4	1,136.6
Deferred income taxes	215.5	233.8
Other liabilities	213.6	255.9
Total liabilities	3,211.7	3,182.1
Commitments and Contingencies
Redeemable non-controlling interest	16.3	17.0
Total Equity:
Common stock, $0.01 par value, issued and outstanding shares: September 26, 2014 – 48,670,009 (net of 10,139,959 treasury shares), December 31, 2013 – 49,598,653 (net of 9,211,857 treasury shares)	0.6	0.6
Additional paid-in capital	707.5	699.6
Treasury stock	(185.4)	(155.3)
Retained earnings	356.4	847.4
Accumulated other comprehensive income (loss)	(160.1)	(112.1)
Total Company shareholders' equity	719.0	1,280.2
Non-controlling interest	75.3	99.6
Total equity	794.3	1,379.8
Total liabilities, redeemable non-controlling interest and equity	$ 4,022.3	$ 4,578.9

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Property, Plant and Equipment

9 Months Ended

Sep. 26, 2014

Property, Plant and Equipment [Abstract]

Property, Plant And Equipment

Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation. Costs assigned to property, plant and equipment related to acquisitions are based on estimated fair values on the acquisition date. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets: buildings, from 15 to 50 years, and machinery, equipment and office furnishings, from 2 to 20 years. Leasehold improvements are depreciated over the shorter of the lease term or the useful life of the asset, unless acquired in a business combination, in which case the leasehold improvements are amortized over the shorter of the useful life of the asset or a term that includes the reasonably assured life of the lease.

Property, plant and equipment consisted of the following (in millions):

	September 26, 2014			December 31, 2013
Land	$	102.5		$	120.8
Buildings and leasehold improvements	316.2			372.6
Machinery, equipment and office furnishings	969.2			1,290.6
Construction in progress	60.2			46.3
Total gross book value	1,448.1			1,830.3
Less accumulated depreciation	(560.2		)	(738.3		)
Total net book value	$	887.9		$	1,092.0

Depreciation expense for the three and nine fiscal months ended September 26, 2014 was $27.5 million and $85.4 million, respectively. Depreciation expense for the three and nine fiscal months ended September 27, 2013 was $30.3 million and $89.6 million, respectively.

The Company periodically evaluates the recoverability of the carrying amount of long-lived assets (including property, plant and equipment and intangible assets with determinable lives) whenever events or changes in circumstances indicate that the carrying amount of an asset may not be fully recoverable. The Company evaluates events or changes in circumstances based mostly on actual historical operating results, but business plans, forecasts, general and industry trends, and anticipated cash flows are also considered. Impairment is assessed when the undiscounted expected future cash flows derived from asset groups are less than its carrying amount. Impairment losses are measured as the amount by which the carrying value of asset groups exceeds its fair value and are recognized in earnings. The Company also continually evaluates the estimated useful lives of all long-lived assets and, when warranted, revises such estimates based on current events.

Third Quarter 2014 Brazil Rod Mill Asset Impairment

The Brazil rod mill results are reported within the ROW reportable segment. In the three months ended September 26, 2014, the Company announced its intent to shut down the Brazil rod mill due to changes in the supply market. The change in the supply market was deemed a significant adverse change in the manner in which the Brazil rod mill will operate resulting in a change in the defined asset group. The asset group was deemed impaired as it no longer provides future benefits to the Company. To determine the fair value, the Company considered the expected net cash flows to be generated by the assets through the closure date, as well as the expected cash proceeds from the disposition of the assets utilizing standard valuation approaches, which incorporate Level 3 inputs. Based on the results of the analysis, the Company recorded an impairment charge of $13.1 million in the three and nine months ended September 26, 2014.  The impairment charge was recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

Third Quarter 2013 Mexico Asset Impairment

In three months ended September 27, 2013, the Company’s executive management decided to no longer import building wire product into the United States manufactured in its Mexico unit ("Mexico"). This change is considered significant to the Mexican operation due to the associated revenue, profit and the influence on the overall results in Mexico from this United States business. This change coupled with pricing pressures in the Mexico market and a history of losses caused the Company to perform an asset impairment analysis of its Mexican business in accordance with ASC 360 “Property, Plant and Equipment”.

The Mexico results are reported within the ROW reporting segment. The Mexico operations and assets include machinery and equipment which manufactures power cables, building wire and telephone cables. These three product lines have a significant amount of shared costs including advertising, sales force, data processing, accounting, and general management. The Company manages its business at a total Mexico level and has similar distribution methods. Therefore, based on the reporting structure, the lowest level of which identifiable cash flows that can be determined is the Mexico unit.

The Company developed its internal forward business plans and 2014 outlook under the guidance of new local and regional leadership to determine the undiscounted expected future cash flows derived from the Mexican long lived assets. Based on the internal projections developed by executive management, the Company determined that the undiscounted expected future cash flows were less than the carrying value of the assets. To determine the fair value, a current appraisal of the Mexico machinery and equipment and real property assets was performed utilizing standard valuation approaches.  Based on the results of the analysis, the Company recorded an impairment charge of $14.0 million in the three and nine months ended September 27, 2013.  The impairment charge was recorded in the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

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Inventories

9 Months Ended

Sep. 26, 2014

Inventory Disclosure [Abstract]

Inventories

Inventories

Approximately 86% of the Company’s inventories are valued using the average cost method and all remaining inventories are valued using the first-in, first-out (FIFO) method. During the nine months ended September 26, 2014, the Venezuelan entity recorded $8.8 million of lower of cost or market charges that were recognized within the Cost of sales caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). These charges are due to translation of local sales results at the SICAD 1 rate, approximately 10 BsF to 12 BsF per U.S. Dollar, and sales price caps under the new price controls law while the Company's cost for the copper component of its inventory is based on copper purchases at the official rate of 6.30 BsF per U.S. dollar. Therefore, management reduced Venezuela's inventory value to expected sales price (market value), which was lower than the recorded cost basis. In the three months ended September 26, 2014, the Venezuelan entity did not record a lower of cost or market charge. Refer to Note 22 - Venezuelan Operations for the recent developments at the Venezuelan entity.

At September 26, 2014, all inventories are stated at the lower of cost or market.

(in millions)	September 26, 2014		December 31, 2013
Raw materials	$	316.5	$	319.1
Work in process	202.1		190.1
Finished goods	759.6		730.4
Total	$	1,278.2	$	1,239.6

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Earnings (Loss) Per Common Share

9 Months Ended

Sep. 26, 2014

Earnings Per Share [Abstract]

Earnings (Loss) Per Common Share

Earnings (Loss) Per Common Share

The Company applies the two-class method of computing basic and diluted earnings per share. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors.

A reconciliation of the numerator and denominator of earnings (loss) per common share-basic to earnings (loss) per common share-assuming dilution is as follows (in millions, except per share data):

	Three Fiscal Months Ended					Nine Fiscal Months Ended
(in millions, except per share data)	September 26, 2014			September 27, 2013		September 26, 2014			September 27, 2013
Earnings (loss) per common share – basic:
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	5.7	$	(464.4	)	$	(31.9	)
Less: Net income allocated to participating securities (4)	—			0.1		—			0.1
Net income (loss) for basic EPS computations (1)	(124.2		)	5.6		(464.4		)	(32.0		)
Weighted average shares outstanding for basic EPS computation (2)	48.7			49.2		48.8			49.5
Earnings (loss) per common share – basic (3)	$	(2.55	)	$	0.11	$	(9.52	)	$	(0.64	)
Earnings (loss) per common share – assuming dilution:
Net income (loss) attributable to Company common shareholders	$	(124.2	)	$	5.7	$	(464.4	)	$	(31.9	)
Add: preferred stock dividends, if applicable	—			0.1		—			—
Net income (loss) for diluted EPS computation (1)	$	(124.2	)	$	5.8	$	(464.4	)	$	(31.9	)
Weighted average shares outstanding including nonvested shares	48.7			49.2		48.8			49.5
Dilutive effect of convertible notes	—			1.1		—			—
Dilutive effect of stock options and restricted stock units	—			0.4		—			—
Weighted average shares outstanding for diluted EPS computation (2)	48.7			50.7		48.8			49.5
Earnings (loss) per common share – assuming dilution	$	(2.55	)	$	0.11	$	(9.52	)	$	(0.64	)

(1) Numerator

(2) Denominator

(3) Under the two-class method, earnings (loss) per share – basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).

(4) Outstanding unvested share-based payment awards that contain rights to non-forfeitable dividends are considered participating securities in undistributed earnings in the calculation above.

Under ASC 260 - Earnings per Share and ASC 470 - Debt and because of the Company’s obligation to settle the par value of the Subordinated Convertible Notes in cash, the Company is not required to include any shares underlying the Subordinated Convertible Notes in its weighted average shares outstanding – assuming dilution until the average stock price per share for the quarter exceeds the $36.75 conversion price of the Subordinated Convertible Notes and only to the extent of the additional shares that the Company may be required to issue in the event that the Company’s conversion obligation exceeds the principal amount of the Subordinated Convertible Notes.

Regarding the Subordinated Convertible Notes, the average stock price threshold conditions had not been met as of September 26, 2014. At any such time in the future that threshold conditions are met, only the number of shares issuable under the “treasury” method of accounting for the share dilution would be included in the Company’s earnings per share – assuming dilution calculation, which is based upon the amount by which the average stock price exceeds the conversion price.

The following table provides examples of how changes in the Company’s stock price would require the inclusion of additional shares in the denominator of the weighted average shares outstanding – assuming dilution calculation for the Subordinated Convertible Notes.

Share Price	Shares Underlying Subordinated Convertible Notes	Total Treasury Method Incremental Shares (1)
$36.75	—	—
$38.75	603,152	603,152
$40.75	1,147,099	1,147,099
$42.75	1,640,151	1,640,151
$44.75	2,089,131	2,089,131

(1) Represents the number of incremental shares that must be included in the calculation of fully diluted shares under GAAP.

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Total Equity

9 Months Ended

Sep. 26, 2014

Stockholders' Equity Note [Abstract]

Total Equity

Total Equity

The Company is authorized to issue 200 million shares of common stock and 25 million shares of preferred stock. Condensed consolidated statements of changes in total equity are presented below for the nine months ended September 26, 2014 and September 27, 2013 (in millions):

				General Cable Total Equity
	Total Equity			Common Stock Amount		Add’l Paid in Capital			Treasury Stock			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-Controlling Interest
Balance, December 31, 2013	$	1,379.8		$	0.6	$	699.6		$	(155.3	)	$	847.4		$	(112.1	)	$	99.6
Comprehensive income (loss)	(532.7		)									(464.4		)	(48.0		)	(20.3		)
Common stock dividend	(26.6		)									(26.6		)
Excess tax benefit from stock compensation	(0.6		)			(0.6		)
Purchase of non-controlling interest	(0.3		)			(1.5		)										1.2
Dividends paid to non-controlling interest	(5.2		)															(5.2		)
Repurchase of common shares	(30.7		)						(30.7		)
Other – issuance pursuant to restricted stock, stock options and other	10.6					10.0			0.6
Balance, September 26, 2014	$	794.3		$	0.6	$	707.5		$	(185.4	)	$	356.4		$	(160.1	)	$	75.3

				General Cable Total Equity
	Total Equity			Preferred Stock Amount		Common Stock Amount		Add’l Paid in Capital			Treasury Stock			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-Controlling Interest
Balance, December 31, 2012	$	1,448.2		$	3.8	$	0.6	$	676.7		$	(137.0	)	$	892.2		$	(104.6	)	$	116.5
Comprehensive income (loss)	(50.3		)											(31.6		)	(19.7		)	1.0
Common and preferred stock dividend	(18.1		)											(18.1		)
Excess tax benefit from stock based compensation	(1.0		)					(1.0		)
Purchase of non-controlling interest	(4.0		)					8.1												(12.1		)
Dividends paid to non-controlling interest	(3.2		)																	(3.2		)
Repurchase of treasury shares	(19.5		)								(19.5		)
Other – issuance pursuant to restricted stock, stock options and other	9.7							8.9			0.8
Balance, September 27, 2013	$	1,361.8		$	3.8	$	0.6	$	692.7		$	(155.7	)	$	842.5		$	(124.3	)	$	102.2

The components of accumulated other comprehensive income (loss) as of September 26, 2014 and December 31, 2013, respectively, consisted of the following (in millions):

	September 26, 2014						December 31, 2013
	Company Common Shareholders			Non-Controlling Interest			Company Common Shareholders			Non-Controlling Interest
Foreign currency translation adjustment	$	(121.1	)	$	(28.4	)	$	(67.1	)	$	(24.5	)
Change in fair value of pension benefit obligation, net of tax	(46.6		)	(2.8		)	(52.6		)	(2.9		)
Company deferred stock held in rabbi trust, net of tax	7.3			—			7.3			—
Other	0.3			—			0.3			—
Accumulated other comprehensive income (loss)	$	(160.1	)	$	(31.2	)	$	(112.1	)	$	(27.4	)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2013 to September 26, 2014 including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (in millions, net of tax):

	Foreign currency translation			Change of fair value of pension benefit obligation			Deferred stock held in rabbi trust		Other		Total
Balance, December 31, 2013	$	(67.1	)	$	(52.6	)	$	7.3	$	0.3	$	(112.1	)
Other comprehensive income before reclassifications	(54.0		)	—			—		—		(54.0		)
Amounts reclassified from accumulated other comprehensive income	—			6.0			—		—		6.0
Net current - period other comprehensive income	(54.0		)	6.0			—		—		(48.0		)
Balance, September 26, 2014	$	(121.1	)	$	(46.6	)	$	7.3	$	0.3	$	(160.1	)

The following is the detail of the change in the Company's accumulated other comprehensive income (loss) from December 31, 2012 to September 27, 2013 including the effect of significant reclassifications out of accumulated other comprehensive income (loss) (in millions, net of tax):

	Foreign currency translation			Change of fair value of pension benefit obligation			Change in fair value of derivatives			Deferred stock held in rabbi trust		Other		Total
Balance, December 31, 2012	$	(27.9	)	$	(84.4	)	$	0.1		$	7.3	$	0.3	$	(104.6	)
Other comprehensive income before reclassifications	(24.6		)	—			(0.8		)	—		—		(25.4		)
Amounts reclassified from accumulated other comprehensive income	—			5.0			0.7			—		—		5.7
Net current - period other comprehensive income	(24.6		)	5.0			(0.1		)	—		—		(19.7		)
Balance, September 27, 2013	$	(52.5	)	$	(79.4	)	$	—		$	7.3	$	0.3	$	(124.3	)

The following is the detail of the reclassifications out of accumulated other comprehensive income (loss) for the three and nine months ended September 26, 2014 (in millions, net of tax):

	Three Fiscal Months Ended		Nine Fiscal Months Ended
	September 26, 2014		September 26, 2014
	Amount reclassified from accumulated other comprehensive income (loss)		Amount reclassified from accumulated other comprehensive income (loss)		Affected line item in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)
Amortization of defined pension items, net of tax:
Prior service cost	0.2		0.6		SG&A
Net loss	0.8		2.2		SG&A
Settlement Loss	—		3.2		SG&A
Total	$	1.0	$	6.0

	Three Fiscal Months Ended			Nine Fiscal Months Ended
	September 27, 2013			September 27, 2013
	Amount reclassified from accumulated other comprehensive income (loss)			Amount reclassified from accumulated other comprehensive income (loss)		Affected line item in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss)
Change in fair value of derivatives, net of tax:
Commodity contracts	$	(0.3	)	$	0.7	Cost of Sales
Total - Change in fair value of derivatives	(0.3		)	0.7
Amortization of defined pension items, net of tax:
Prior service cost	0.3			0.8		SG&A
Net loss	1.4			4.2		SG&A
Total - Amortization of defined benefit pension items	1.7			5.0
Total	$	1.4		$	5.7

Stock Repurchase Programs

On December 10, 2013, the Company's Board of Directors authorized the extension of the Company’s existing $125 million share repurchase program through the end of 2014. Stock purchases under this program may be made through the open market and privately negotiated transactions at times and in such amounts as deemed appropriate by a special committee appointed by the Board. Under this stock repurchase program the Company purchased no common shares during the three months ended September 26, 2014. Under this stock repurchase program the Company purchased $30.7 million, or 1,000,000 common shares at an average price of $30.73 per share, during the nine months ended September 26, 2014. Under this stock repurchase program the Company purchased $0.5 million, or 18,493 common shares at an average price of $29.99 per share, during the three months ended September 27, 2013 and $19.5 million, or 597,531 common shares at an average price of $32.65 per share, during the nine months ended September 27, 2013. The Company's future repurchase of shares is subject to the terms of the Company's Revolving Credit Facility and the indentures governing the Subordinated Convertible Notes, Senior Floating Notes and 5.75% Senior Notes.

Dividends on Common Stock

On May 20, 2013, the Company's Board of Directors authorized the payment of a regular quarterly dividend. During the three and nine months ended September 26, 2014, the Company paid a quarterly cash dividend of $0.18 per share per quarter, or approximately $8.8 million and $26.6 million in total. During the three and nine months ended September 27, 2013, the Company declared and paid a quarterly cash dividend of $0.18 per share per quarter (starting in the second quarter of 2013), or approximately $8.9 million and $17.8 million in total. Future declarations of dividends and the establishment of future record dates and payment dates are subject to the final determination of our Board of Directors. In determining dividends, the Board of Directors takes into consideration items such as general business conditions, financial performance, projected cash flows and anticipated financing needs. Future payments of dividends are also subject to the Company's Revolving Credit Facility, the indentures governing the Subordinated Convertible Notes, Senior Floating Rate Notes and 5.75% Senior Notes, and the requirements of Delaware General Corporation law.

Deferred Compensation Plan

The Company maintains a deferred compensation plan (“Deferred Compensation Plan”) under the terms and conditions disclosed in the Company’s 2013 Annual Report on Form 10-K. The Company accounts for the Deferred Compensation Plan in accordance with ASC 710 - Compensation–General as it relates to arrangements where amounts earned are held in a rabbi trust. The market value of mutual fund investments, nonvested and subsequently vested stock and restricted stock in the rabbi trust was $32.6 million and $42.0 million as of September 26, 2014 and December 31, 2013, respectively. The market value of the assets held by the rabbi trust, exclusive of the market value of the shares of the Company’s nonvested and subsequently vested restricted stock, restricted stock units held in the deferred compensation plan and Company stock investments by participants’ elections, at September 26, 2014 and December 31, 2013 was $21.7 million and $22.2 million, respectively, and is classified as “other non-current assets” in the Condensed Consolidated Balance Sheets. Amounts payable to the plan participants at September 26, 2014 and December 31, 2013, excluding the market value of the shares of the Company’s nonvested and subsequently vested restricted stock and restricted stock units held, were $23.3 million and $24.2 million, respectively, and are classified as “other liabilities” in the Condensed Consolidated Balance Sheets.

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Earnings (Loss) Per Common Share (Impact Of Company's Stock Price On Assuming Dilution Calculation For The Subordinated Convertible Notes) (Details) (Subordinated Convertible Notes Due 2029 [Member], USD $)	9 Months Ended
	Sep. 26, 2014
$36.75 [Member]
Share price	$ 36.75
Incremental common shares attributable to contingently issuable shares	0
$36.75 [Member] | Total Treasury Method Incremental Shares [Member]
Incremental common shares attributable to contingently issuable shares	0	[1]
$38.75 [Member]
Share price	$ 38.75
Incremental common shares attributable to contingently issuable shares	603,152
$38.75 [Member] | Total Treasury Method Incremental Shares [Member]
Incremental common shares attributable to contingently issuable shares	603,152	[1]
$40.75 [Member]
Share price	$ 40.75
Incremental common shares attributable to contingently issuable shares	1,147,099
$40.75 [Member] | Total Treasury Method Incremental Shares [Member]
Incremental common shares attributable to contingently issuable shares	1,147,099	[1]
$42.75 [Member]
Share price	$ 42.75
Incremental common shares attributable to contingently issuable shares	1,640,151
$42.75 [Member] | Total Treasury Method Incremental Shares [Member]
Incremental common shares attributable to contingently issuable shares	1,640,151	[1]
$44.75 [Member]
Share price	$ 44.75
Incremental common shares attributable to contingently issuable shares	2,089,131
$44.75 [Member] | Total Treasury Method Incremental Shares [Member]
Incremental common shares attributable to contingently issuable shares	2,089,131	[1]

[1] Represents the number of incremental shares that must be included in the calculation of fully diluted shares under GAAP.

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Long-Term Debt

9 Months Ended

Sep. 26, 2014

Long-term Debt, Unclassified [Abstract]

Long-Term Debt

Long-Term Debt

(in millions)	September 26, 2014			December 31, 2013
North America
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(260.2		)	(261.5		)
Senior Floating Rate Notes due 2015	125.0			125.0
Revolving Credit Facility	245.1			225.0
Other	9.0			9.0
Europe and Mediterranean
Revolving Credit Facility	74.8			—
Other Credit Facilities	6.1			17.0
Other	7.6			10.3
Rest of World (“ROW”)
Credit facilities	286.9			232.6
Total debt	1,523.8			1,386.9
Less current maturities	407.4			250.3
Long-term debt	$	1,116.4		$	1,136.6

At September 26, 2014, maturities of long-term debt during the twelve month periods beginning September 26, 2014 through September 27, 2019 and thereafter are $407.4 million, $11.1 million, $2.7 million, $320.9 million and $0.9 million, respectively, and $780.8 million thereafter.

The fair value of the Company's long-term debt, as noted below, was estimated using quoted market prices where available. For long-term debt not actively traded, fair values were based on valuations from third-party banks and market quotations for similar types of borrowing arrangements.  

5.75% Senior Notes due 2022

The Company's 5.75% Senior Notes are summarized in the table below:

	5.75% Senior Notes
(in millions)	September 26, 2014			December 31, 2013
Face Value	$	600.0		$	600.0
Fair Value (Level 2)	570.0			588.0
Interest Rate	5.75		%	5.75		%
Interest Payment	Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022
Guarantee	Jointly and severally guaranteed by the Company's wholly owned U.S. subsidiaries

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875%
	October 1, 2018	101.917%
	October 1, 2019	100.958%
	October 1, 2020 and thereafter	100.000%

(1) The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

The 5.75% Senior Notes' indenture contains covenants that limit the ability of the Company and certain of its subsidiaries to (i) incur additional indebtedness and guarantee indebtedness; (ii) pay dividends or make other distributions or repurchase or redeem their capital stock; (iii) purchase, redeem or retire debt; (iv) issue certain preferred stock or similar equity securities; (v) make loans and investments; (vi) sell assets; (vii) incur liens; (viii) enter into transactions with affiliates; (ix) enter into agreements restricting the Company's subsidiaries' ability to pay dividends; and (x) consolidate, merge or sell all or substantially all assets. However, these covenants are subject to exceptions and qualifications.

The 5.75% Senior Notes may also be repurchased at the option of the holders in connection with a change of control (as defined in the indenture governing the 5.75% Senior Notes) or in connection with certain asset sales.

Subordinated Convertible Notes due 2029

The Company’s convertible debt instruments outstanding as of September 26, 2014 and December 31, 2013 were as follows:

	Subordinated Convertible Notes
(in millions)	September 26, 2014			December 31, 2013
Face value	$	429.5		$	429.5
Debt discount	(260.2		)	(261.5		)
Book value	169.3			168.0
Fair value (Level 1)	313.1			462.8
Maturity date	Nov 2029
Stated annual interest rate	4.50% until Nov 2019 2.25% until Nov 2029
Interest payments	Semi-annually: May 15 & Nov 15

Senior Floating Rate Notes

The Company’s Senior Floating Rate Notes outstanding as of September 26, 2014 and December 31, 2013 were as follows:

	Senior Floating Rate Notes
(in millions)	September 26, 2014			December 31, 2013
Face value	$	125.0		$	125.0
Fair value (Level 1)	125.0			124.1
Interest rate	2.6		%	2.6		%
Interest payment	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	Apr 2015

Guarantee Jointly and severally guaranteed by the Company’s wholly-owned U.S. subsidiaries

The Company may, at its option, redeem the Senior Floating Rate Notes, in whole or in part, at a redemption price equal to 100% of the principal amount redeemed, plus accrued interest and unpaid interest. The Senior Floating Rate Notes may also be repurchased at the option of the holders in connection with a change of control (as determined in the indenture governing the Senior Floating Rate Notes) or in connection with certain asset sales.

Asset-Based Revolving Credit Facility (“Revolving Credit Facility”)

On July 21, 2011, the Company entered into a $400 million Revolving Credit Facility, which was first amended in 2012 to increase the facility size to $700 million and then subsequently amended and restated on September 6, 2013 and further amended on October 22, 2013, May 20, 2014, September 23, 2014 and October 28, 2014, to, among other things, increase the Revolving Credit Facility to $1.0 billion, $630 million of which may be borrowed by the U.S. borrower, $300 million of which may be borrowed by the European borrowers and $70 million of which may be borrowed by the Canadian borrower. The Revolving Credit Facility contains restrictions including limitations on, among other things, distributions and dividends, acquisitions and investments, indebtedness, liens and affiliate transactions. The Revolving Credit Facility provides the Company with flexibility and the restrictions in the Revolving Credit Facility generally only apply in the event that the Company's availability under the Revolving Credit Facility falls below certain specific thresholds.

The Revolving Credit Facility has a maturity date of September 6, 2018. The maturity date of the Revolving Credit Facility will automatically become due December 31, 2014, if the Company's Senior Floating Rate Notes are not refinanced with indebtedness that matures or is mandatorily redeemable or is redeemable at the option of the holders thereof not earlier than the date that is 6 months after September 6, 2018 unless, if such notes are not refinanced, there is at least $100 million of availability under the Revolving Credit Facility and the fixed charge coverage ratio (as defined in the Revolving Credit Facility) is not less than 1.15 to 1.00, in each case after giving pro forma effect to the repayment of such notes. The commitment amount under the Revolving Credit Facility may be increased by an additional $250 million, subject to certain conditions and approvals as set forth in the Revolving Credit Facility. The Company capitalized $4.9 million in 2013, $2.3 million in 2012 and $4.8 million in 2011 in deferred financing costs in connection with the Revolving Credit Facility. The Revolving Credit Facility requires maintenance of a minimum fixed charge coverage ratio of 1.00 to 1.00 if availability under the Revolving Credit Facility is less than the greater of $100 million or 10% of the then existing aggregate lender commitment under the Revolving Credit Facility. The fair value of the Revolving Credit Facility approximates the carrying value.

The Company’s Revolving Credit Facility is summarized in the table below:

	Revolving Credit Facility
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	319.9		$	225.0
Total credit under facility	1,000.0			1,000.0
Undrawn availability(1)	412.1			298.4
Interest rate	2.2		%	2.0		%
Outstanding letters of credit	$	29.6		$	112.7
Original issuance	July 2011
Maturity date	Sept 2018

(1) Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at September 26, 2014 is $263.9 million, $69.6 million and $78.6 million, respectively. Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 was $102.1 million, $53.1 million and $143.2 million, respectively.

Europe and Mediterranean Credit Facilities

The Company’s Europe and Mediterranean credit facilities are summarized in the table below:

	Europe and Mediterranean Credit Facilities
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	6.1		$	17.0
Undrawn availability	36.6			48.8
Interest rate – weighted average	7.0		%	6.7		%
Maturity date	Various; all due within 1 year

ROW Credit Facilities

The Company’s ROW credit facilities are summarized in the table below:

	ROW Credit Facilities
(in millions)	September 26, 2014			December 31, 2013
Outstanding borrowings	$	286.9		$	232.6
Undrawn availability	238.1			302.2
Interest rate – weighted average	6.0		%	4.6		%
Maturity date	Various; $275.1 million due within 1 year

The Company’s ROW credit facilities are short term loans utilized for working capital purposes. The fair value of the ROW credit facilities approximates the carrying value due to the short term nature of the facilities.

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Long-Term Debt (Maturity Range) (Narrative) (Details) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014
Long-term Debt, Unclassified [Abstract]
Maturities of long-term debt in 2014	$ 407.4
Maturities of long-term debt in 2015	11.1
Maturities of long-term debt in 2016	2.7
Maturities of long-term debt in 2017	320.9
Maturities of long-term debt in 2018	0.9
Maturities of long-term debt in 2019 and thereafter	$ 780.8

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Goodwill and Other Intangible Assets

9 Months Ended

Sep. 26, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. If the carrying amount of goodwill or an intangible asset with an indefinite life exceeds its fair value, an impairment loss would be recognized in the amount equal to the excess. In the first quarter of 2014, the Company determined that for goodwill and certain intangible assets related to the 2007 acquisition of Phelps Dodge International Corporation, the carrying value exceeded the fair value and an impairment charge was recorded which is described below.

The amounts of goodwill and indefinite-lived intangible assets were as follows (millions of dollars):

	Goodwill												Indefinite-Lived Assets – Trade Names
	North America			Europe and Mediterranean			ROW			Total			North America			Europe and Mediterranean			ROW			Total
Balance, December 31, 2013	$	17.6		$	2.0		$	165.0		$	184.6		$	2.4		$	0.5		$	127.9		$	130.8
Currency translation and other adjustments (1)	(0.5		)	(0.1		)	(2.5		)	(3.1		)	—			(0.1		)	(34.8		)	(34.9		)
Goodwill and indefinite-lived asset impairment(2)	—			—			(154.5		)	(154.5		)	(2.1		)	—			(93.1		)	(95.2		)
Balance, September 26, 2014	$	17.1		$	1.9		$	8.0		$	27.0		$	0.3		$	0.4		$	—		$	0.7

(1) $32.2 million of the currency translation and other adjustment related to the indefinite-lived assets in the ROW operating segment includes a reclassification of the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years.

(2) The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

At September 26, 2014, the total accumulated goodwill impairment charge was $154.5 million prior to foreign currency translation adjustments, all within the ROW segment. At September 26, 2014, the total accumulated indefinite-lived asset trade name impairment loss was $93.1 million in the ROW segment, prior to foreign currency translation adjustments and $2.1 million was recorded within the North America segment.

The amounts of other intangible assets were as follows (millions of dollars):

	September 26, 2014			December 31, 2013
Amortized intangible assets:
Amortized intangible assets	$	168.4		$	139.5
Accumulated amortization	(96.3		)	(85.8		)
Foreign currency translation adjustment	(2.4		)	(1.6		)
Amortized intangible assets, net	$	69.7		$	52.1

Amortized intangible assets are stated at cost less accumulated amortization as of September 26, 2014 and December 31, 2013. Other intangible assets have been determined to have a useful life in the range of 7 to 12 years. The approximate weighted average useful life of the amortized intangible assets is 10 years. For customer relationships, the Company has accelerated the amortization expense to align with the historical customer attrition rates. The amortization of intangible assets for the nine months ended September 26, 2014 and September 27, 2013 was $10.5 million and $9.3 million, respectively. The estimated amortization expense during the twelve month periods beginning September 26, 2014 through September 27, 2019 and thereafter, based on exchange rates as of September 26, 2014, is $12.6 million, $11.5 million, $9.9 million, $7.1 million, $6.3 million and $22.3 million thereafter.

Goodwill and intangible assets with indefinite useful lives are not amortized, but are reviewed at least annually for impairment. The Company completes its annual impairment test during the fourth quarter of each year. In addition, the Company evaluates the carrying amount between such annual valuations if events occur or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Events or circumstances may include, but are not limited to, a significant change in legal factors or in the business climate, adverse action or assessment by a regulator, unanticipated competition, loss of key personnel, possible sale or disposal of a reporting unit or a significant portion of a reporting unit, significant changes in financial projections or significant changes in the market capitalization. At October 31, 2013 and December 31, 2013, the estimated fair value of the goodwill at our PDIC reporting unit and the indefinite-lived intangible assets exceeded their corresponding carrying amount including recorded goodwill; however, in the first quarter of 2014 the following events changed which reduced the fair value of the PDIC reporting unit:

• Except certain cost of sales related to copper inventory, all of the BsF denominated revenues and expenses for future periods reflected remeasurement using the SICAD 1 rate versus the prior official rate of 6.30 BsF per U.S. dollar. Due to the changes in the currency exchange system and the rate used to remeasure the financial statements of the Venezuelan entity, the Company's estimated future operating results were determined to be lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional information.

• In the first quarter of 2014, the Venezuelan President used decree power to pass the Law of Costs, Earnings, and Fair Profits, which became effective in January 2014, authorizing, among other things, the Venezuelan government to set maximum pricing limits in the private sector. Therefore, the majority of the Company’s product portfolio in Venezuela is subject to price controls, which may restrict the Company’s ability to increase prices more than 30% higher than product costs. Until this law is removed or revised to allow for a higher level of pricing, the Venezuelan operating profit margin is expected to be lower than historical and previously projected future profit levels. In addition, ongoing labor negotiations and expected continuing social unrest in Venezuela are expected to result in lower than historical and previously projected future profit levels. Refer to Note 22 - Venezuelan Operations for additional detail.

• During the first quarter of 2014, the Company experienced a significant decline in its stock price, resulting in the Company’s market capitalization falling below its book value.

Based upon the combination of the above factors, the Company concluded that goodwill impairment indicators existed as of March 28, 2014. As a result, the Company performed an interim goodwill impairment analysis as of March 28, 2014. The Company engaged an outside valuation firm to assist in valuing the Company’s reporting unit and preparing the goodwill impairment analysis. To determine the fair value of the reporting unit (Level 3), the Company employed an income and market-based approach with each being weighted equally. Under the income approach, the Company used a discounted cash flow method to calculate the fair value based on the present value of estimated future cash flows. Assumptions used in the discounted cash flow method, such as forecasted operating results, expected growth rates, working capital needs, tax rates, and cost of capital, were based on the then current market conditions and were consistent with internal management projections. The cost of capital rate selected was based on consideration of the risks inherent in the investment and market rates of return available from alternative investments of similar type and quality as of the valuation date. The guideline public company method was used for the market approach. The approach provided an estimate of value using multiples of earnings derived from the market values of publicly traded companies in the wire and cable industry. In addition to the selection of guideline companies, the market approach included an analysis of the Company’s financial and operating performance risk, profitability, and growth as compared to the reporting unit.

The Company performed the first step (“Step 1”) of the goodwill impairment assessment at March 28, 2014. In Step 1 of the goodwill impairment test, the Company compared the fair value of the reporting unit, the entities purchased in the October 31, 2007 PDIC acquisition, to its carrying amount, including goodwill of $154.5 million. Based on the results of the valuation, the carrying amount of the reporting unit exceeded the fair value. Based on the results of Step 1 of the impairment analysis and the preliminary results of Step 2, the Company believed that an impairment loss was probable and based on a preliminary estimate, after consultation with a third party valuation specialist, the Company recognized an impairment charge equal to the total recorded PDIC goodwill of $155.1 million in the ROW operating segment. The impairment charge was recorded in the goodwill impairment charge caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).

In the second quarter of 2014, the Company completed Step 2 of the goodwill impairment test ("Step 2") to determine if any adjustment to the goodwill impairment charge was required. The Step 2 analysis required the Company to perform a theoretical purchase price allocation for the reporting unit to determine the implied fair value of goodwill and to compare the implied fair value of goodwill to the recorded amount of goodwill. Based on the analysis, no modification of the initial impairment estimate was required in the second quarter of 2014.

Based on the decrease of our cash flow projections for the PDIC reporting unit, the Company also completed an impairment test for the trade name in the first quarter of 2014. The fair value of the trade name is based on the discounted cash flows the trade name can be expected to generate in the future. Based on the results of the valuation, the carrying amount of the trade name exceeded the fair value. The impairment valuation resulted in a $93.4 million impairment charge in the first quarter related to the trade name in the ROW operating segment. The impairment charge was recorded in the indefinite-lived intangible asset impairment charge caption in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). In the second quarter of 2014 in connection with the completion of the above mentioned Step 2 analysis, the Company reassessed the remaining life of the PDIC trade name and concluded it was no longer indefinite. In the second quarter, the Company reclassified the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years based on increased political and economic instability in countries in which the trade name is utilized.

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Accrued Liabilities

9 Months Ended

Sep. 26, 2014

Payables and Accruals [Abstract]

Accrued Liabilities

Accrued Liabilities

Warranty Accrual

The warranty accrual balance at September 26, 2014 and December 31, 2013 was $11.5 million and $14.1 million, respectively. The Company accrues liabilities under service and warranty policies based upon specific claims and a review of historical warranty and service claims experience. Adjustments are made to the accruals as claims data and historical experience change. In addition, the Company incurs discretionary costs to service its products in connection with product performance issues.

Changes in the carrying amount of the service and product warranty accrual are below (in millions):

Balance, December 31, 2013	$	14.1
Net provisions for warranties issued	4.3
Payments and other related to the warranty accrual	(6.1		)
Foreign currency translation	(0.8		)
Balance, September 26, 2014	$	11.5

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Financial Instruments

9 Months Ended

Sep. 26, 2014

Derivative Instruments and Hedges, Assets [Abstract]

Financial Instruments

Financial Instruments

The Company is exposed to various market risks, including changes in interest rates, foreign currency and raw material (commodity) prices. To manage risks associated with the volatility of these natural business exposures, the Company enters into interest rate, commodity and foreign currency derivative agreements, as well as copper and aluminum forward pricing agreements. The Company does not purchase or sell derivative instruments for trading purposes. The Company does not engage in derivative contracts for which a lack of marketplace quotations would necessitate the use of fair value estimation techniques.

As of September 26, 2014 and December 31, 2013, there were no outstanding interest rate swaps. In the nine months ended September 27, 2013, the Company utilized interest rate swaps to manage its interest expense exposure by fixing its interest rate on a portion of the Company’s floating rate debt. The Company did not provide or receive any collateral specifically for these contracts.

The Company enters into commodity instruments to hedge the purchase of copper, aluminum and lead in future periods and foreign currency exchange contracts principally to hedge the currency fluctuations in certain transactions denominated in foreign currencies, thereby reducing the Company’s risk that would otherwise result from changes in exchange rates. Principal transactions hedged during the year were firm sales and purchase commitments. The fair value of foreign currency contracts represents the amount required to enter into offsetting contracts with similar remaining maturities based on quoted market prices.

As of September 26, 2014 and December 31, 2013, there were no derivatives that were designated as cash flow hedges. In the three months ended September 27, 2013, the Company had no commodity instruments and foreign currency exchange contracts accounted for as cash flow hedges. In the nine months ended September 27, 2013, the Company accounted for certain commodity instruments and foreign currency exchange contracts as cash flow or economic hedges. Changes in the fair value of derivatives that are designated as cash flow hedges are recorded in other comprehensive income and reclassified to the income statement when the effects of the items being hedged are realized. Changes in the fair value of economic hedges are recognized in current period earnings.

Fair Value of Derivatives Instruments

The notional amounts and fair values of derivatives not designated as cash flow hedges at September 26, 2014 and December 31, 2013 are shown below (in millions).

	September 26, 2014						December 31, 2013
	Notional Amount		Fair Value				Notional Amount		Fair Value
			Asset (1)		Liability (2)				Asset (1)		Liability (2)
Derivatives not designated as cash flow hedges:
Commodity futures	$	114.5	$	2.6	$	1.6	$	173.7	$	1.2	$	7.6
Foreign currency exchange	165.9		2.8		4.3		223.2		6.0		1.7
			$	5.4	$	5.9			$	7.2	$	9.3

(1) Balance recorded in “Prepaid expenses and other” and “Other non-current assets”

(2) Balance recorded in “Accrued liabilities” and “Other liabilities”

As of September 26, 2014 and December 31, 2013, all financial instruments held by the Company were subject to enforceable master netting arrangements held by various financial institutions. In general, the terms of our agreements provide that in the event of an early termination the counterparties have the right to offset amounts owed or owing under that and any other agreement with the same counterparty.  The Company's accounting policy is to not offset these positions in the Condensed Consolidated Balance Sheets.  As of September 26, 2014 and December 31, 2013, the net positions of the enforceable master netting agreements are not significantly different from the gross positions noted in the table above. Depending on the extent of an unrealized loss position on a derivative contract held by the Company, certain counterparties may require collateral to secure the Company's derivative contract position. As of September 26, 2014 and December 31, 2013, there were no contracts held by the Company that required collateral to secure the Company's derivative positions.

For the derivative instruments that were designated and qualified as cash flow hedges in the nine months ended September 27, 2013, unrealized gains and losses on the derivative were reported as a component of accumulated other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings, which generally occured over periods of less than one year. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness were recognized in current earnings. For the three months ended September 27, 2013, the Company had no commodity instruments or foreign currency exchange contracts that were accounted for as cash flow hedges.

	Nine Fiscal Months Ended September 27, 2013
(in millions)	Amount of Comprehensive Income (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)			Amount of Gain (Loss) Reclassified from Accumulated  OCI into Income			Location
Derivatives designated as cash flow hedges:
Interest rate swaps	$	0.1		$	(0.1	)	Interest expense
Commodity futures	(1.3		)	(1.9		)	Cost of sales
	$	(1.2	)	$	(2.0	)

For derivative instruments that are not designated as cash flow hedges, the unrealized gain or loss on the derivatives is reported in current earnings. For the three fiscal months ended September 26, 2014 and September 27, 2013, the Company recorded a gain of $6.0 million and a gain of $2.9 million, respectively, for derivative instruments not designated as cash flow hedges in other income (expense). For the nine fiscal months ended September 26, 2014 and September 27, 2013, the Company recorded a loss of $4.7 million and $17.5 million, respectively, for derivative instruments not designated as cash flow hedges in other income (expense).

Other Forward Pricing Agreements

In the normal course of business, the Company enters into forward pricing agreements for the purchase of copper and aluminum for delivery in a future month to match certain sales transactions. The Company accounts for these forward pricing arrangements under the “normal purchases and normal sales” scope exception because these arrangements are for purchases of copper and aluminum that will be delivered in quantities expected to be used by the Company over a reasonable period of time in the normal course of business. For these arrangements, it is probable at the inception and throughout the life of the arrangements that the arrangements will not settle net and will result in physical delivery of the inventory. At September 26, 2014 and December 31, 2013, the Company had $26.6 million and $10.1 million, respectively, of future copper and aluminum purchases that were under forward pricing agreements. At September 26, 2014 and December 31, 2013, the fair value of these arrangements was $25.4 million and $10.6 million, respectively, and the Company had an unrealized loss of $1.2 million and an unrealized gain of $0.5 million, respectively, related to these transactions. The Company expects the unrealized gains under these agreements to offset firm sales price commitments with customers. Depending on the extent of the unrealized loss position on certain forward pricing agreements, certain counterparties may require collateral to secure the Company’s forward purchase agreements. There were no funds posted as collateral as of September 26, 2014 or December 31, 2013.

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Long-Term Debt (Schedule Of Revolving Credit Facility) (Details) (USD $)	0 Months Ended	9 Months Ended		12 Months Ended
	Sep. 06, 2013	Sep. 26, 2014		Dec. 31, 2013		Dec. 31, 2012	Dec. 31, 2011	Jul. 22, 2011
Debt Instrument [Line Items]
Outstanding borrowings		$ 1,523,800,000		$ 1,386,900,000
Outstanding letters of credit		58,800,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity	1,000,000,000.0			700,000,000				400,000,000
Capital expenditures to fixed charges ratio	100.00%					115.00%
Increase, additional borrowings	250,000,000
Capitalized deferred finance costs				4,900,000		2,300,000	4,800,000
Threshold for line of credit facility percentage of asset based revolving credit facilities	10.00%
Outstanding borrowings		319,900,000		225,000,000
Total credit under facility		1,000,000,000		1,000,000,000
Undrawn availability		412,100,000	[1]	298,400,000	[1]
Interest rate		2.20%		2.00%
Outstanding letters of credit		29,600,000		112,700,000
Original issuance		Jul. 31, 2011		Jul. 31, 2011
Maturity date		Sep. 30, 2018		Sep. 30, 2018
Revolving Credit Facility [Member] | UNITED STATES [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity								630,000,000
Undrawn availability		263,900,000		102,100,000
Revolving Credit Facility [Member] | CANADA [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity								70,000,000
Undrawn availability		69,600,000		53,100,000
Revolving Credit Facility [Member] | Europe [Member]
Debt Instrument [Line Items]
Credit facility maximum borrowing capacity								300,000,000
Undrawn availability		78,600,000		143,200,000
Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Potential increase in remaining borrowing capacity						100,000,000
Threshold for line of credit facility borrowings	$ 100,000,000

[1] Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at September 26, 2014 is $263.9 million, $69.6 million and $78.6 million, respectively. Total undrawn availability for the U.S. borrower, the Canadian borrower and the European borrowers at December 31, 2013 was $102.1 million, $53.1 million and $143.2 million, respectively.

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Segment Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014 Segment	Sep. 27, 2013	Dec. 31, 2013
Number of operating segments			3
Net sales	$ 1,471.7	$ 1,557.1	$ 4,433.1	$ 4,759.9
Operating income	(78.6)	42.9	(301.6)	146.5
Assets	4,022.3		4,022.3		4,578.9
North America [Member]
Revenues from transactions with other operating segments of same entity	7.2	4.5	25.0	13.9
Net sales	644.1	663.2	1,884.1	2,074.7
Operating income	48.0	25.2	97.9	106.6
Assets	1,373.1		1,373.1		1,342.0
Europe and Mediterranean [Member]
Revenues from transactions with other operating segments of same entity	9.1	7.0	35.9	21.9
Net sales	351.9	383.4	1,114.5	1,180.4
Operating income	(107.3)	7.6	(97.1)	(7.8)
Assets	1,061.9		1,061.9		1,232.8
Rest of World [Member]
Revenues from transactions with other operating segments of same entity	4.4	20.6	20.9	58.3
Net sales	475.7	510.5	1,434.5	1,504.8
Operating income	(19.3)	10.1	(302.4)	47.7
Assets	$ 1,587.3		$ 1,587.3		$ 2,004.1

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Long-Term Debt (Schedule Of ROW Credit Facilities) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 26, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Outstanding borrowings	$ 1,523.8	$ 1,386.9
Maturity within one year	407.4
Rest of World [Member] | Credit Facilities [Member]
Debt Instrument [Line Items]
Outstanding borrowings	286.9	232.6
Undrawn availability	238.1	302.2
Interest rate - weighted average	6.00%	4.60%
Maturity date	Various	Various
Maturity within one year	$ 275.1

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Long-Term Debt (Senior Floating Rate Notes) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 26, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Redemption price, percentage	100.00%
Senior Floating Rate Notes Due 2015 [Member] | North America [Member]
Debt Instrument [Line Items]
Face value	$ 125.0	$ 125.0
Fair value (Level 1)	$ 125.0	$ 124.1
Interest rate	2.60%	2.60%
Debt instrument, payment terms	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1	3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	April 2015	April 2015
3-month LIBOR [Member] | Senior Floating Rate Notes Due 2015 [Member] | North America [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.375%	2.375%

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Supplemental Guarantor Condensed Financial Information (Condensed Statements Of Operations and Comprehensive Income (Loss)) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	$ 1,471.7	$ 1,557.1	$ 4,433.1	$ 4,759.9
Cost of sales	1,445.1	1,396.9	4,142.6	4,250.0
Gross profit	26.6	160.2	290.5	509.9
Selling, general and administrative expenses	101.9	117.3	338.2	363.4
Goodwill impairment charge	0	0	155.1	0
Indefinite-lived intangible asset impairment charges	3.3	0	98.8	0
Operating income (loss)	(78.6)	42.9	(301.6)	146.5
Other income (expense)	(17.3)	9.5	(111.4)	(58.8)
Interest expense	(28.5)	(30.6)	(85.6)	(90.7)
Interest income	0.8	1.7	3.0	4.7
Interest income (expense), total	(27.7)	(28.9)	(82.6)	(86.0)
Income (loss) before income taxes	(123.6)	23.5	(495.6)	1.7
Income tax (provision) benefit	4.5	(16.2)	13.8	(29.9)
Equity in net earnings of affiliated companies and subsidiaries	0.3	0.9	0.9	1.5
Net income (loss) including non-controlling interest	(118.8)	8.2	(480.9)	(26.7)
Less: preferred stock dividends	0	0.1	0	0.3
Less: net income (loss) attributable to non-controlling interest	5.4	2.4	(16.5)	4.9
Net income (loss) attributable to Company common shareholders	(124.2)	5.7	(464.4)	(31.9)
Comprehensive income (loss):
Net income (loss) including non-controlling interest	(118.8)	8.2	(480.9)	(26.7)
Currency translation gain (loss)	(56.1)	14.5	(57.9)	(28.8)
Defined benefit plan adjustments, net of tax	1.0	1.8	6.1	5.2
Change in fair value of derivatives, net of tax	0	(0.2)	0	0
Comprehensive income (loss), net of tax	(173.9)	24.3	(532.7)	(50.3)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	3.9	5.5	(20.3)	1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	(177.8)	18.8	(512.4)	(51.3)
Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	1,471.7	1,557.1	4,433.1	4,759.9
Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	0	0	0	0
Parent Company [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	12.1	12.2	45.2	41.7
Cost of sales	0	0	0	0
Gross profit	12.1	12.2	45.2	41.7
Selling, general and administrative expenses	9.9	10.1	37.1	33.7
Goodwill impairment charge	0		0
Indefinite-lived intangible asset impairment charges	0		0
Operating income (loss)	2.2	2.1	8.1	8.0
Other income (expense)	(1.5)	0	(1.5)	0
Interest expense	(15.6)	(21.4)	(47.0)	(63.7)
Interest income	13.9	27.6	41.2	80.2
Interest income (expense), total	(1.7)	6.2	(5.8)	16.5
Income (loss) before income taxes	(1.0)	8.3	0.8	24.5
Income tax (provision) benefit	0.7	(3.2)	(0.9)	(9.3)
Equity in net earnings of affiliated companies and subsidiaries	(123.9)	0.7	(464.3)	(46.8)
Net income (loss) including non-controlling interest	(124.2)	5.8	(464.4)	(31.6)
Less: preferred stock dividends		0.1		0.3
Less: net income (loss) attributable to non-controlling interest	0	0	0	0
Net income (loss) attributable to Company common shareholders	(124.2)	5.7	(464.4)	(31.9)
Comprehensive income (loss):
Net income (loss) including non-controlling interest	(124.2)	5.8	(464.4)	(31.6)
Currency translation gain (loss)	(54.6)	11.6	(54.0)	(24.6)
Defined benefit plan adjustments, net of tax	1.0	1.7	6.0	5.0
Change in fair value of derivatives, net of tax		(0.3)		(0.1)
Comprehensive income (loss), net of tax	(177.8)	18.8	(512.4)	(51.3)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	0	0	0	0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	(177.8)	18.8	(512.4)	(51.3)
Parent Company [Member] | Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	0	0	0	0
Parent Company [Member] | Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	12.1	12.2	45.2	41.7
Guarantor Subsidiaries [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	595.1	599.6	1,759.4	1,907.8
Cost of sales	517.6	538.6	1,548.2	1,685.9
Gross profit	77.5	61.0	211.2	221.9
Selling, general and administrative expenses	33.0	41.0	121.6	140.3
Goodwill impairment charge	0		0
Indefinite-lived intangible asset impairment charges	0		2.1
Operating income (loss)	44.5	20.0	87.5	81.6
Other income (expense)	11.0	0.3	8.3	(6.7)
Interest expense	(16.9)	(29.2)	(49.3)	(84.2)
Interest income	3.6	3.9	10.9	11.3
Interest income (expense), total	(13.3)	(25.3)	(38.4)	(72.9)
Income (loss) before income taxes	42.2	(5.0)	57.4	2.0
Income tax (provision) benefit	5.4	1.0	2.3	(7.5)
Equity in net earnings of affiliated companies and subsidiaries	(171.5)	4.7	(524.0)	(41.3)
Net income (loss) including non-controlling interest	(123.9)	0.7	(464.3)	(46.8)
Less: preferred stock dividends		0		0
Less: net income (loss) attributable to non-controlling interest	0	0	0	0
Net income (loss) attributable to Company common shareholders	(123.9)	0.7	(464.3)	(46.8)
Comprehensive income (loss):
Net income (loss) including non-controlling interest	(123.9)	0.7	(464.3)	(46.8)
Currency translation gain (loss)	(54.6)	11.6	(54.0)	(24.6)
Defined benefit plan adjustments, net of tax	1.0	1.7	6.0	5.0
Change in fair value of derivatives, net of tax		(0.3)		(0.1)
Comprehensive income (loss), net of tax	(177.5)	13.7	(512.3)	(66.5)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	0	0	0	0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	(177.5)	13.7	(512.3)	(66.5)
Guarantor Subsidiaries [Member] | Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	512.0	507.1	1,530.4	1,702.2
Guarantor Subsidiaries [Member] | Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	83.1	92.5	229.0	205.6
Non-Guarantor Subsidiaries [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	1,006.3	1,096.9	3,061.3	3,280.2
Cost of sales	1,057.2	997.7	2,982.0	2,992.2
Gross profit	(50.9)	99.2	79.3	288.0
Selling, general and administrative expenses	71.1	78.4	224.7	231.1
Goodwill impairment charge	0		155.1
Indefinite-lived intangible asset impairment charges	3.3		96.7
Operating income (loss)	(125.3)	20.8	(397.2)	56.9
Other income (expense)	(26.8)	9.2	(118.2)	(52.1)
Interest expense	(13.5)	(11.6)	(41.4)	(34.6)
Interest income	0.8	1.8	3.0	5.0
Interest income (expense), total	(12.7)	(9.8)	(38.4)	(29.6)
Income (loss) before income taxes	(164.8)	20.2	(553.8)	(24.8)
Income tax (provision) benefit	(1.6)	(14.0)	12.4	(13.1)
Equity in net earnings of affiliated companies and subsidiaries	0.1	0.4	0.5	0.7
Net income (loss) including non-controlling interest	(166.3)	6.6	(540.9)	(37.2)
Less: preferred stock dividends		0		0
Less: net income (loss) attributable to non-controlling interest	5.4	2.4	(16.5)	4.9
Net income (loss) attributable to Company common shareholders	(171.7)	4.2	(524.4)	(42.1)
Comprehensive income (loss):
Net income (loss) including non-controlling interest	(166.3)	6.6	(540.9)	(37.2)
Currency translation gain (loss)	(30.5)	1.0	(34.4)	(39.3)
Defined benefit plan adjustments, net of tax	0.3	0.5	3.9	1.4
Change in fair value of derivatives, net of tax		(0.2)		(0.2)
Comprehensive income (loss), net of tax	(196.5)	7.9	(571.4)	(75.3)
Comprehensive income (loss) attributable to non-controlling interest, net of tax	3.9	5.5	(20.3)	1.0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	(200.4)	2.4	(551.1)	(76.3)
Non-Guarantor Subsidiaries [Member] | Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	959.7	1,050.0	2,902.7	3,057.7
Non-Guarantor Subsidiaries [Member] | Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	46.6	46.9	158.6	222.5
Eliminations [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	(141.8)	(151.6)	(432.8)	(469.8)
Cost of sales	(129.7)	(139.4)	(387.6)	(428.1)
Gross profit	(12.1)	(12.2)	(45.2)	(41.7)
Selling, general and administrative expenses	(12.1)	(12.2)	(45.2)	(41.7)
Goodwill impairment charge	0		0
Indefinite-lived intangible asset impairment charges	0		0
Operating income (loss)	0	0	0	0
Other income (expense)	0	0	0	0
Interest expense	17.5	31.6	52.1	91.8
Interest income	(17.5)	(31.6)	(52.1)	(91.8)
Interest income (expense), total	0	0	0	0
Income (loss) before income taxes	0	0	0	0
Income tax (provision) benefit	0	0	0	0
Equity in net earnings of affiliated companies and subsidiaries	295.6	(4.9)	988.7	88.9
Net income (loss) including non-controlling interest	295.6	(4.9)	988.7	88.9
Less: preferred stock dividends		0		0
Less: net income (loss) attributable to non-controlling interest	0	0	0	0
Net income (loss) attributable to Company common shareholders	295.6	(4.9)	988.7	88.9
Comprehensive income (loss):
Net income (loss) including non-controlling interest	295.6	(4.9)	988.7	88.9
Currency translation gain (loss)	83.6	(9.7)	84.5	59.7
Defined benefit plan adjustments, net of tax	(1.3)	(2.1)	(9.8)	(6.2)
Change in fair value of derivatives, net of tax		0.6		0.4
Comprehensive income (loss), net of tax	377.9	(16.1)	1,063.4	142.8
Comprehensive income (loss) attributable to non-controlling interest, net of tax	0	0	0	0
Comprehensive income (loss) attributable to Company common shareholders, net of tax	377.9	(16.1)	1,063.4	142.8
Eliminations [Member] | Customers [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	0	0	0	0
Eliminations [Member] | Intercompany [Member]
Schedule of Statements Of Operations and Comprehensive Income (Loss) [Line Items]
Net sales	$ (141.8)	$ (151.6)	$ (432.8)	$ (469.8)

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Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 26, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Indefinite-Lived Intangible Assets

The amounts of goodwill and indefinite-lived intangible assets were as follows (millions of dollars):

	Goodwill												Indefinite-Lived Assets – Trade Names
	North America			Europe and Mediterranean			ROW			Total			North America			Europe and Mediterranean			ROW			Total
Balance, December 31, 2013	$	17.6		$	2.0		$	165.0		$	184.6		$	2.4		$	0.5		$	127.9		$	130.8
Currency translation and other adjustments (1)	(0.5		)	(0.1		)	(2.5		)	(3.1		)	—			(0.1		)	(34.8		)	(34.9		)
Goodwill and indefinite-lived asset impairment(2)	—			—			(154.5		)	(154.5		)	(2.1		)	—			(93.1		)	(95.2		)
Balance, September 26, 2014	$	17.1		$	1.9		$	8.0		$	27.0		$	0.3		$	0.4		$	—		$	0.7

(1) $32.2 million of the currency translation and other adjustment related to the indefinite-lived assets in the ROW operating segment includes a reclassification of the PDIC trade name to a definite-lived asset with an estimated remaining life of 10 years.

(2) The difference in the goodwill and indefinite-lived asset impairment in the above table and the amounts reported in the Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) is due to the difference in the average foreign currency exchange rates for the three months ended March 28, 2014 as compared to the spot rates at March 28, 2014 at the various entities within the reporting unit.

Schedule of Other Intangible Assets, Customer Relationships

The amounts of other intangible assets were as follows (millions of dollars):

	September 26, 2014			December 31, 2013
Amortized intangible assets:
Amortized intangible assets	$	168.4		$	139.5
Accumulated amortization	(96.3		)	(85.8		)
Foreign currency translation adjustment	(2.4		)	(1.6		)
Amortized intangible assets, net	$	69.7		$	52.1

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Inventories (Narrative) (Details) (USD $) In Millions, unless otherwise specified								9 Months Ended
	Sep. 26, 2014	Feb. 13, 2013	Feb. 12, 2013	Sep. 26, 2014 SICAD 1 Rate [Member]	Mar. 28, 2014 SICAD 1 Rate [Member]	Sep. 26, 2014 SICAD 1 Rate [Member] Minimum [Member]	Sep. 26, 2014 SICAD 1 Rate [Member] Maximum [Member]	Sep. 26, 2014 VENEZUELA [Member]
Inventory [Line Items]
Percentage of weighted average cost inventory	86.00%
Inventory impairment charge								$ 8.8
Foreign currency exchange rate, translation	6.30	6.30	4.30	12.0	10.8	10	12

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Redeemable Non-controlling Interest

9 Months Ended

Sep. 26, 2014

Noncontrolling Interest [Abstract]

Redeemable Non-controlling Interest

Redeemable Non-controlling Interest

On October 1, 2012, the Company participated in a share subscription for 60% of the outstanding and issued shares of Procables. The existing shareholders immediately prior to the subscription (the “Sellers” or “Minority Shareholders”) maintained control of the remaining 40% of the shares. The Company and the Minority Shareholders also agreed to certain put and call options with regard to the remaining 40% interest in Procables retained by the Minority Shareholders. For a 36-month period commencing on the fifth anniversary of the closing date, the Minority Shareholders may exercise a put option to sell their entire 40% interest in Procables to the Company. The Company shall be irrevocably obligated to purchase the shares (the "Put Option"). In addition, the Company has a call option (the "Call Option") to purchase the Minority Shareholders’ 40% interest in Procables, during the 36-month period commencing on the expiration of the Put Option period. The consideration to be exchanged, per share in the event of a Put Option or Call Option shall be the higher of the following (1) the final per share purchase price; or (2) a price per share based on the Company's enterprise value equal to seven times the average of its earnings before interest, taxes, depreciation and amortization (“EBITDA”) over the two most recently audited year-end financial statements immediately prior to the option being exercised, minus the 12-month average Net Indebtedness, as defined in the agreement, of the Company for the most recent audited fiscal year (“EBITDA average”). The Company determined that the Put Option is embedded within the noncontrolling interest shares that are subject to the Put Option. The redemption feature requires classification of the Minority Shareholder's interest in the Condensed Consolidated Balance Sheets outside of equity under the caption “Redeemable non-controlling interest.”

The redeemable non-controlling interest of Procables was recorded on the acquisition date based on the estimated fair value of the shares including the embedded Put Option. The fair value of the Put Option was estimated at the higher of the final per share purchase price or EBITDA average. At September 26, 2014, the final per share purchase price was greater than the EBITDA average; therefore, the redeemable non-controlling interest was valued at the same cost as the fair value determined at the opening balance sheet date subject to foreign currency translation. Subsequent adjustments to the value of the redeemable noncontrolling interest due to the redemption feature, if any, will be recognized as they occur and recorded within Net income (loss).

The following is a rollforward of the redeemable non-controlling interest (in millions):

Balance, December 31, 2013	$	17.0
Net income (loss)	—
Foreign currency translation	(0.7		)
Balance, September 26, 2014	$	16.3

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Unconsolidated Affiliated Companies

9 Months Ended

Sep. 26, 2014

Equity Method Investments and Joint Ventures [Abstract]

Unconsolidated Affiliated Companies

Unconsolidated Affiliated Companies

Unconsolidated affiliated companies are those in which the Company generally owns less than 50 percent of the outstanding voting shares. The Company does not control these companies and accounts for its investments in them on the equity method basis. The unconsolidated affiliated companies primarily manufacture or market wire and cable products in the ROW segment. The Company’s share of the income of these companies is reported in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) under “Equity in earnings of affiliated companies.” For the three fiscal months ended September 26, 2014 and September 27, 2013, equity in earnings of affiliated companies was $0.3 million and $0.9 million, respectively. For the nine fiscal months ended September 26, 2014 and September 27, 2013, equity in earnings of affiliated companies was $0.9 million and $1.5 million, respectively. The net investment in unconsolidated affiliated companies was $19.3 million and $19.0 million as of September 26, 2014 and December 31, 2013, respectively. As of September 26, 2014, the Company’s ownership percentage was as follows: PDTL Trading Company Ltd. 49%, Colada Continua Chilean, S.A. 41%, Minuet Realty Corp. 40%, Nostag GmbH & Co. KG 33%, Pakistan Cables Limited 24.6%, Keystone Electric Wire & Cable Co., Ltd. 20% and Thai Copper Rod Company Ltd. 18%.

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Supplemental Guarantor Condensed Financial Information (Intercompany Cash And Non-Cash Transactions) (Details) (Parent Company [Member], USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 26, 2014	Dec. 31, 2013
Parent Company [Member]
Related Party [Roll Forward]
Beginning Balance	$ 1,305.5	$ 1,566.7
Deferred tax	0	7.1
Equity based awards	10.8	11.7
Foreign currency and other	0	0
Cash transactions	(41.4)	(280.0)
Ending Balance	$ 1,274.9	$ 1,305.5

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Other Income (Expense) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended				3 Months Ended		9 Months Ended				9 Months Ended		12 Months Ended	3 Months Ended	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013	Feb. 13, 2013	Feb. 12, 2013	Sep. 26, 2014 Not Designated as Hedging Instrument [Member]	Sep. 27, 2013 Not Designated as Hedging Instrument [Member]	Sep. 26, 2014 Not Designated as Hedging Instrument [Member]	Sep. 27, 2013 Not Designated as Hedging Instrument [Member]	Sep. 26, 2014 SICAD 1 Rate [Member]	Mar. 28, 2014 SICAD 1 Rate [Member]	Sep. 26, 2014 VENEZUELA [Member]	Sep. 27, 2013 VENEZUELA [Member]	Dec. 31, 2013 VENEZUELA [Member]	Sep. 26, 2014 VENEZUELA [Member] SICAD 1 Rate [Member]	Sep. 26, 2014 VENEZUELA [Member] SICAD 1 Rate [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other income (expense)	$ (17.3)	$ 9.5	$ (111.4)	$ (58.8)
Foreign currency transaction loss	(19.8)	6.6	(20.1)													(14.1)	(11.6)
Loss on derivatives							6.0	2.9	(4.7)	(17.5)
Foreign currency gains related to copper imports at essential rate		4.3		16.0
Foreign currency exchange rate, translation	6.30		6.30		6.30	4.30					12.0	10.8
Loss due to currency devaluation													83.1	40.9	40.9		83.1
Other income related to foreign currency transactions				$ (1.4)

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Redeemable Non-controlling Interest (Tables)

9 Months Ended

Sep. 26, 2014

Noncontrolling Interest [Abstract]

Schedule of Redeemable Noncontrolling Interest

The following is a rollforward of the redeemable non-controlling interest (in millions):

Balance, December 31, 2013	$	17.0
Net income (loss)	—
Foreign currency translation	(0.7		)
Balance, September 26, 2014	$	16.3

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Allowances for receivables	$ 36.5	$ 39.2
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares issued	48,670,009	49,598,653
Common stock, shares outstanding	48,670,009	49,598,653
Treasury stock, shares	10,139,959	9,211,857

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Fair Value Disclosure (Financial Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 5.4	$ 7.2
Equity securities	21.7	22.2
Total Assets	27.1	29.4
Derivative liabilities	5.9	9.3
Total liabilities	5.9	9.3
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Equity securities	21.7	22.2
Total Assets	21.7	22.2
Derivative liabilities	0	0
Total liabilities	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	5.4	7.2
Equity securities	0	0
Total Assets	5.4	7.2
Derivative liabilities	5.9	9.3
Total liabilities	5.9	9.3
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Equity securities	0	0
Total Assets	0	0
Derivative liabilities	0	0
Total liabilities	$ 0	$ 0

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Other Income (Expense)

9 Months Ended

Sep. 26, 2014

Other Income and Expenses [Abstract]

Other Income (Expense)

Other Income (Expense)

Other income (expense) includes foreign currency transaction gains or losses, which result from changes in exchange rates between the designated functional currency and the currency in which a transaction is denominated as well as gains and losses on derivative instruments that are not designated as cash flow hedges. During the three months ended September 26, 2014 and September 27, 2013, the Company recorded other expense of $17.3 million and other income of $9.5 million, respectively. During the nine months ended September 26, 2014 and September 27, 2013, the Company recorded other expense of $111.4 million and $58.8 million, respectively. For the three months ended September 26, 2014, other expense was primarily attributable to $19.8 million related to foreign currency transaction losses, of which $14.1 million was related to the remeasurement of the local balance sheet in Venezuela as the SICAD I rate depreciated during the third quarter, partially offset by $6.0 million related to gains on derivative instruments that were not designated as cash flow hedges. For the three months ended September 27, 2013, other income was primarily attributable to $2.9 million related to gains on derivative instruments that were not designated as cash flow hedges and other income of $6.6 million related to foreign currency transactions which included $4.3 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to the currency devaluation on February 13, 2013 (described in Note 22 - Venezuelan Operations) and settled in the second quarter of 2013. For the nine months ended September 26, 2014, other expense was primarily attributable to $83.1 million related to the Venezuela currency devaluation in the first quarter, $4.7 million related to losses on derivative instruments that were not designated as cash flow hedges and other expense of $20.1 million related to foreign currency transaction losses, of which $11.6 million was related to the remeasurement of the local balance sheet in Venezuela as the SICAD I rate depreciated from the first quarter of 2014. For the nine months ended September 27, 2013, other expense was primarily attributable to $40.9 million related to the Venezuela currency devaluation, $17.5 million related to losses on derivative instruments that were not designated as cash flow hedges and other expense of $1.4 million related to foreign currency transaction losses which included $16.0 million in foreign exchange gains related to copper imports in Venezuela that were approved at the 4.30 BsF per U.S. dollar rate prior to the currency devaluation on February 13, 2013.

Refer to Note 22 - Venezuelan Operations for more information related to recent developments regarding the Company's Venezuelan operations.

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Accrued Liabilities (Changes to Warranty Accrual) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014
Movement in Intangible Assets Arising from Insurance Contracts Acquired in Business Combination [Roll Forward]
Beginning balance	$ 14.1
Net provisions for warranties issued	4.3
Payments and other related to the warranty accrual	(6.1)
Foreign currency translation	(0.8)
Ending balance	$ 11.5

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Earnings (Loss) Per Common Share (Narrative) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	9 Months Ended	0 Months Ended
	Sep. 26, 2014 North America [Member] Subordinated Convertible Notes Due 2029 [Member]	Dec. 10, 2013 Stock Repurchase Program [Member]
Debt Instrument [Line Items]
Authorized amount		$ 125
Weighted average conversion price per share	$ 36.75

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Financial Instruments (Gain and Loss on the Derivative Representing Either Hedge Ineffectiveness or Hedge Components Excluded From the Assessment of Effectiveness) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 27, 2013
Derivatives, Fair Value [Line Items]
Amount of Comprehensive Income (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)	$ (1.2)
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	(2.0)
Interest Expense [Member] | Interest Rate Swaps [Member]
Derivatives, Fair Value [Line Items]
Amount of Comprehensive Income (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)	0.1
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	(0.1)
Cost of Sales [Member] | Commodity Futures [Member]
Derivatives, Fair Value [Line Items]
Amount of Comprehensive Income (Loss) Recognized in Accumulated OCI on Derivatives (Effective Portion)	(1.3)
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income	$ (1.9)

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Fair Value Disclosure

9 Months Ended

Sep. 26, 2014

Fair Value Disclosures [Abstract]

Fair Value Disclosure

Fair Value Disclosure

The fair market values of the Company’s financial instruments are determined based on the fair value hierarchy as discussed in ASC 820 - Fair Value Measurements.

The Company carries derivative assets and liabilities (Level 2) and marketable equity securities (Level 1) held in the rabbi trust as part of the Company’s Deferred Compensation Plan at fair value. The fair values of derivative assets and liabilities traded in the over-the-counter market are determined using quantitative models that require the use of multiple market inputs including interest rates, prices and indices to generate pricing and volatility factors, which are used to value the position. The predominance of market inputs are actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Marketable equity securities are recorded at fair value, which are based on quoted market prices.

Financial assets and liabilities measured at fair value on a recurring basis are summarized below (in millions).

	Fair Value Measurement
	September 26, 2014								December 31, 2013
	Level 1		Level 2		Level 3		Fair Value		Level 1		Level 2		Level 3		Fair Value
Assets:
Derivative assets	$	—	$	5.4	$	—	$	5.4	$	—	$	7.2	$	—	$	7.2
Equity securities	21.7		—		—		21.7		22.2		—		—		22.2
Total assets	$	21.7	$	5.4	$	—	$	27.1	$	22.2	$	7.2	$	—	$	29.4
Liabilities:
Derivative liabilities	$	—	$	5.9	$	—	$	5.9	$	—	$	9.3	$	—	$	9.3
Total liabilities	$	—	$	5.9	$	—	$	5.9	$	—	$	9.3	$	—	$	9.3

At September 26, 2014, there were no material financial assets or financial liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3).

In the three and nine months ended September 26, 2014, the Company recorded asset-related charges of $85.8 million and $109.2 million, as part of the global restructuring plan, respectively, and a long-lived asset impairment charge of $13.1 million related to the Brazil rod mill. To determine the fair value, the Company considered appraisals, including discounted cash flows expected to result from the use and eventual disposition of the assets, utilizing standard valuation approaches, which incorporate Level 3 inputs. To determine the fair value of the asset groups, the Company employed both income and market-based approaches.  The non-financial assets measured at fair value which include the land, buildings and machinery and equipment at certain asset groups, are fair valued at $81.8 million at September 26, 2014.

Similarly, there were no other nonfinancial assets or nonfinancial liabilities measured at fair value on a non-recurring basis.

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Total Equity (Condensed Consolidated Statements of Changes in Equity) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended								9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013	Sep. 27, 2013 Preferred Stock [Member]	Dec. 31, 2012 Preferred Stock [Member]	Sep. 26, 2014 Common Stock [Member]	Dec. 31, 2013 Common Stock [Member]	Sep. 27, 2013 Common Stock [Member]	Dec. 31, 2012 Common Stock [Member]	Sep. 26, 2014 Additional Paid-in Capital [Member]	Sep. 27, 2013 Additional Paid-in Capital [Member]	Sep. 26, 2014 Treasury Stock [Member]	Sep. 27, 2013 Treasury Stock [Member]	Sep. 26, 2014 Retained Earnings [Member]	Sep. 27, 2013 Retained Earnings [Member]	Sep. 26, 2014 Accumulated Other Comprehensive Income (Loss) [Member]	Sep. 27, 2013 Accumulated Other Comprehensive Income (Loss) [Member]	Sep. 26, 2014 Noncontrolling Interest [Member]	Sep. 27, 2013 Noncontrolling Interest [Member]
Beginning Balance			$ 1,379.8	$ 1,448.2	$ 3.8	$ 3.8	$ 0.6	$ 0.6	$ 0.6	$ 0.6	$ 699.6	$ 676.7	$ (155.3)	$ (137.0)	$ 847.4	$ 892.2	$ (112.1)	$ (104.6)	$ 99.6	$ 116.5
Comprehensive income (loss)	(173.9)	24.3	(532.7)	(50.3)											(464.4)	(31.6)	(48.0)	(19.7)	(20.3)	1.0
Common stock dividend			(26.6)												(26.6)
Common and preferred stock dividend				(18.1)												(18.1)
Excess tax benefit from stock compensation			(0.6)	(1.0)							(0.6)	(1.0)
Purchase of non-controlling interest			(0.3)	(4.0)							(1.5)	8.1							1.2	(12.1)
Dividends paid to non-controlling interest			(5.2)	(3.2)															(5.2)	(3.2)
Repurchase of common shares			(30.7)										(30.7)
Repurchase of treasury shares				(19.5)										(19.5)
Other - Issuance pursuant to restricted stock, stock options and other			10.6	9.7							10.0	8.9	0.6	0.8
Ending Balance	$ 794.3	$ 1,361.8	$ 794.3	$ 1,361.8	$ 3.8	$ 3.8	$ 0.6	$ 0.6	$ 0.6	$ 0.6	$ 707.5	$ 692.7	$ (185.4)	$ (155.7)	$ 356.4	$ 842.5	$ (160.1)	$ (124.3)	$ 75.3	$ 102.2

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Employee Benefit Plans (Tables)

9 Months Ended

Sep. 26, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Pension Expense

The components of net periodic benefit cost for pension benefits were as follows (in millions):

	Three Fiscal Months Ended
	September 26, 2014						September 27, 2013
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Service cost	$	0.5		$	1.4		$	0.5		$	1.6
Interest cost	2.0			1.5			1.8			1.4
Expected return on plan assets	(2.6		)	(0.8		)	(2.3		)	(0.5		)
Amortization of prior service cost	—			0.3			—			0.4
Amortization of net loss	1.2			0.1			2.0			0.2
Net pension expense	$	1.1		$	2.5		$	2.0		$	3.1

	Nine Fiscal Months Ended
	September 26, 2014						September 27, 2013
	U.S. Plans			Non-U.S. Plans			U.S. Plans			Non-U.S. Plans
Service cost	$	1.5		$	4.2		$	1.4		$	5.0
Interest cost	6.0			4.8			5.4			4.2
Expected return on plan assets	(7.9		)	(2.4		)	(6.9		)	(1.5		)
Amortization of prior service cost	0.1			0.9			—			1.2
Amortization of net loss	3.6			0.3			6.2			0.6
Settlement loss	—			4.5			—			—
Net pension expense	$	3.3		$	12.3		$	6.1		$	9.5

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Share-Based Compensation

9 Months Ended

Sep. 26, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Compensation

Share-Based Compensation

The Company has various plans that provide for granting restricted stock units, performance stock units, restricted stock and stock options to certain employees and independent directors of the Company and its subsidiaries. The Company recognizes compensation expense for share-based payments based on the fair value of the awards at the grant date. The Black-Scholes valuation model is used to determine the fair value of non-qualified stock options. The fair value of performance stock units is determined using a Monte Carlo simulation model. Restricted stock units and restricted stock awards fair value is based on the Company market stock price on the date of grant. The table below summarizes share-based compensation for the three and nine fiscal months ended September 26, 2014 and September 27, 2013 (in millions).

	Three Fiscal Months Ended
	September 26, 2014			September 27, 2013
Non-qualified stock option expense	$	0.5		$	1.5
Non-vested stock awards expense	2.8			2.2
Immediately vested stock awards expense	0.1			—
Total pre-tax share-based compensation expense	$	3.4		$	3.7
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.5	)	$	—

	Nine Fiscal Months Ended
	September 26, 2014			September 27, 2013
Non-qualified stock option expense	$	2.3		$	4.2
Non-vested stock awards expense	9.5			6.0
Immediately vested stock awards expense	0.8			—
Total pre-tax share-based compensation expense	$	12.6		$	10.2
Excess tax benefit (deficiency) on share-based compensation (1)	$	(0.6	)	$	0.1

(1) Cash inflows (outflows) recognized as financing activities in the Condensed Consolidated Statements of Cash Flows.

The Company records share-based compensation expense as a component of Selling, general and administrative expenses.