Condensed Consolidating Financial Statements

9 Months Ended

Sep. 30, 2011

Condensed Consolidating Financial Statements

Condensed Consolidating Financial Statements

27.   Condensed Consolidating Financial Statements

        The following condensed consolidating financial information is presented in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered, in connection with the debt securities issued by CF Industries, Inc. (CFI) and full and unconditional guarantees of such debt securities by CF Industries Holdings, Inc. (Parent) and certain 100%-owned domestic subsidiaries of CF Industries Holdings, Inc. (the Guarantor Subsidiaries). The guarantees are joint and several. The subsidiaries of the Parent other than CFI and the Guarantor Subsidiaries are referred to below as "Non-Guarantor Subsidiaries."

        Presented below are condensed consolidating statements of operations and statements of cash flows for the Parent, CFI, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries for the three and nine months ended September 30, 2011 and 2010 and condensed consolidating balance sheets for the Parent, CFI, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries as of September 30, 2011 and December 31, 2010. The investments in subsidiaries in these consolidating financial statements are presented on the equity method. Under this method, our investments are recorded at cost and adjusted for our ownership share of a subsidiary's cumulative results of operations, distributions and other equity changes. The eliminating entries reflect primarily intercompany transactions such as sales, accounts receivable and accounts payable and the elimination of equity investments and earnings of subsidiaries. The condensed financial information presented below is not necessarily indicative of the financial position, results of operations or cash flows of the Parent, CFI, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a stand-alone basis.

Condensed, Consolidating Statement of Operations

	Three months ended September 30, 2011
	Parent			CFI			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net sales	$	—		$	787.6		$	494.1		$	456.5		$	(334.4	)	$	1,403.8
Cost of sales		—			445.7			373.1			199.3			(252.3	)		765.8
Gross margin		—			341.9			121.0			257.2			(82.1	)		638.0
Selling, general and administrative		0.9			23.9			1.1			4.6			—			30.5
Restructuring and integration costs		—			0.2			0.6			—			—			0.8
Other operating—net		—			4.4			34.5			0.5			—			39.4
Total other operating costs and expenses		0.9			28.5			36.2			5.1			—			70.7
Equity in (loss) earnings of operating affiliates		—			(3.1	)		0.4			17.7			—			15.0
Operating (loss) earnings		(0.9	)		310.3			85.2			269.8			(82.1	)		582.3
Interest expense		—			28.6			2.9			0.6			—			32.1
Interest income		—			(0.1	)		4.2			(4.4	)		—			(0.3	)
Net (earnings) of wholly-owned subsidiaries		(331.4	)		(143.5	)		(170.0	)		—			644.9			—
Other non-operating—net		—			(0.1	)		(0.1	)		0.1			—			(0.1	)
Earnings before income taxes and equity in earnings of non-operating affiliates		330.5			425.4			248.2			273.5			(727.0	)		550.6
Income tax (benefit) provision		(0.4	)		94.0			91.6			(0.3	)		—			184.9
Equity in earnings of non-operating affiliates—net of taxes		—			—			—			16.7			—			16.7
Net earnings		330.9			331.4			156.6			290.5			(727.0	)		382.4
Less: Net earnings attributable to noncontrolling interest		—			—			16.5			117.1			(82.1	)		51.5
Net earnings attributable to common stockholders	$	330.9		$	331.4		$	140.1		$	173.4		$	(644.9	)	$	330.9

Condensed, Consolidating Statement of Operations

	Three months ended September 30, 2010
	Parent			CFI			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net sales	$	—		$	481.9		$	242.7		$	261.0		$	(68.5	)	$	917.1
Cost of sales		—			379.9			195.9			208.2			(36.7	)		747.3
Gross margin		—			102.0			46.8			52.8			(31.8	)		169.8
Selling, general and administrative		0.5			16.0			8.5			3.8			—			28.8
Restructuring and integration costs		—			4.6			4.0			—			—			8.6
Other operating—net		—			1.1			—			0.2			—			1.3
Total other operating costs and expenses		0.5			21.7			12.5			4.0			—			38.7
Equity in (loss) earnings of operating affiliates		—			(1.0	)		0.3			6.4			—			5.7
Operating (loss) earnings		(0.5	)		79.3			34.6			55.2			(31.8	)		136.8
Interest expense		—			57.3			0.7			0.4			(0.1	)		58.3
Interest income		—			(0.3	)		4.5			(4.6	)		0.1			(0.3	)
Net (earnings) of wholly-owned subsidiaries		(52.6	)		(28.0	)		(27.9	)		—			108.5			—
Other non-operating—net		—			(0.1	)		(0.4	)		—			—			(0.5	)
Earnings before income taxes and equity in earnings of non-operating affiliates		52.1			50.4			57.7			59.4			(140.3	)		79.3
Income tax provision (benefit)		3.5			(2.2	)		24.6			(7.0	)		—			18.9
Equity in earnings of non-operating affiliates—net of taxes		—			—			—			10.8			—			10.8
Net earnings		48.6			52.6			33.1			77.2			(140.3	)		71.2
Less: Net earnings attributable to the noncontrolling interest		—			—			6.4			48.4			(31.8	)		23.0
Net earnings attributable to common stockholders	$	48.6		$	52.6		$	26.7		$	28.8		$	(108.5	)	$	48.2

Condensed, Consolidating Statement of Operations

	Nine months ended September 30, 2011
	Parent			CFI			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net sales	$	—		$	2,523.3		$	1,480.7		$	1,356.0		$	(980.5	)	$	4,379.5
Cost of sales		—			1,379.7			1,132.2			595.8			(758.6	)		2,349.1
Gross margin		—			1,143.6			348.5			760.2			(221.9	)		2,030.4
Selling, general and administrative		2.4			72.7			4.7			13.4			—			93.2
Restructuring and integration costs		—			2.2			2.0			—			—			4.2
Other operating—net		—			(25.3	)		36.8			0.8			—			12.3
Total other operating costs and expenses		2.4			49.6			43.5			14.2			—			109.7
Equity in (loss) earnings of operating affiliates		—			(0.7	)		2.0			39.4			—			40.7
Operating (loss) earnings		(2.4	)		1,093.3			307.0			785.4			(221.9	)		1,961.4
Interest expense		—			108.6			4.7			1.9			(0.2	)		115.0
Interest income		—			(0.6	)		12.9			(14.0	)		0.2			(1.5	)
Net (earnings) of wholly-owned subsidiaries		(1,101.8	)		(476.9	)		(486.9	)		—			2,065.6			—
Other non-operating—net		—			(0.1	)		(0.5	)		—			—			(0.6	)
Earnings before income taxes and equity in earnings of non-operating affiliates		1,099.4			1,462.3			776.8			797.5			(2,287.5	)		1,848.5
Income tax (benefit) provision		(0.9	)		360.5			256.2			8.9			—			624.7
Equity in earnings of non-operating affiliates—net of taxes		—			—			—			35.0			—			35.0
Net earnings		1,100.3			1,101.8			520.6			823.6			(2,287.5	)		1,258.8
Less: Net earnings attributable to noncontrolling interest		—			—			51.5			328.9			(221.9	)		158.5
Net earnings attributable to common stockholders	$	1,100.3		$	1,101.8		$	469.1		$	494.7		$	(2,065.6	)	$	1,100.3

Condensed, Consolidating Statement of Operations

	Nine months ended September 30, 2010
	Parent			CFI			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(in millions)
Net sales	$	—		$	1,695.8		$	553.3		$	696.1		$	(217.8	)	$	2,727.4
Cost of sales		—			1,241.2			427.7			487.6			(124.7	)		2,031.8
Gross margin		—			454.6			125.6			208.5			(93.1	)		695.6
Selling, general and administrative		2.1			49.4			14.5			7.3			—			73.3
Restructuring and integration costs		—			11.3			6.6			—			—			17.9
Other operating—net		118.7			32.0			—			0.2			—			150.9
Total other operating costs and expenses		120.8			92.7			21.1			7.5			—			242.1
Equity in earnings of operating affiliates		—			(1.0	)		0.8			7.4			—			7.2
Operating (loss) earnings		(120.8	)		360.9			105.3			208.4			(93.1	)		460.7
Interest expense		—			163.4			6.8			0.6			(0.2	)		170.6
Interest income		—			(0.9	)		10.4			(10.7	)		0.2			(1.0	)
Loss on extinguishment of debt		—			—			17.0			—			—			17.0
Net (earnings) loss of wholly-owned subsidiaries		(216.5	)		(83.4	)		(94.3	)		—			394.2			—
Other non-operating—net		—			(28.2	)		(0.4	)		—			—			(28.6	)
Earnings before income taxes and equity in loss of non-operating affiliates		95.7			310.0			165.8			218.5			(487.3	)		302.7
Income tax (benefit) provision		(53.2	)		93.4			68.9			(4.7	)		—			104.4
Equity in (loss) earnings of non-operating affiliates—net of taxes		—			(0.1	)		(0.1	)		15.9			—			15.7
Net earnings		148.9			216.5			96.8			239.1			(487.3	)		214.0
Less: Net earnings attributable to the noncontrolling interest		—			—			16.7			141.5			(93.1	)		65.1
Net earnings attributable to common stockholders	$	148.9		$	216.5		$	80.1		$	97.6		$	(394.2	)	$	148.9

Condensed, Consolidating Balance Sheet

				September 30, 2011
				Parent			CFI			Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Eliminations			Consolidated
				(in millions)
Assets
Current assets:
	Cash and cash equivalents			$	—		$	416.1		$	333.9	$	676.1		$	—		$	1,426.1
	Accounts receivable				—			118.0			268.5		321.9			(439.8	)		268.6
	Inventories—net				—			254.3			62.1		25.2			—			341.6
	Prepaid income taxes				—			226.9			—		—			(226.9	)		—
	Other				—			8.0			8.0		5.6			—			21.6
		Total current assets			—			1,023.3			672.5		1,028.8			(666.7	)		2,057.9
Property, plant and equipment—net					—			752.6			1,606.8		1,379.9			—			3,739.3
Asset retirement obligation funds					—			95.0			—		—			—			95.0
Investments in and advances to unconsolidated affiliates					3,151.5			5,351.6			1,349.6		976.4			(9,843.2	)		985.9
Investments in auction rate securities					—			71.1			—		—			—			71.1
Due from affiliates					1,110.5			—			1,350.8		—			(2,461.3	)		—
Goodwill					—			0.9			2,063.6		—			—			2,064.5
Other assets					—			93.5			115.5		23.1			—			232.1
Total assets				$	4,262.0		$	7,388.0		$	7,158.8	$	3,408.2		$	(12,971.2	)	$	9,245.8
Liabilities and Equity
Current liabilities:
	Accounts payable and accrued expenses			$	(0.8	)	$	336.5		$	68.8	$	59.9		$	(24.0	)	$	440.4
	Income taxes payable				—			—			292.0		12.6			(226.9	)		77.7
	Customer advances				—			608.2			256.2		13.8			—			878.2
	Notes payable				—			200.0			—		13.8			(209.1	)		4.7
	Deferred income taxes				—			73.8			—		—			—			73.8
	Distributions payable to noncontrolling interest				—			—			—		306.4			(306.4	)		—
	Other				—			23.1			—		4.6			—			27.7
		Total current liabilities			(0.8	)		1,241.6			617.0		411.1			(766.4	)		1,502.5
Long-term debt					—			1,600.0			13.0		—			—			1,613.0
Deferred income taxes					—			43.0			823.0		163.4			—			1,029.4
Due to affiliates					—			1,111.3			—		1,350.0			(2,461.3	)		—
Other noncurrent liabilities					—			240.6			75.9		34.6			—			351.1
Equity:
	Stockholders' equity:
		Preferred stock			—			—			—		65.3			(65.3	)		—
		Common stock			0.7			—			153.1		33.2			(186.3	)		0.7
		Paid-in capital			2,779.7			739.8			4,450.2		1,114.1			(6,304.1	)		2,779.7
		Retained earnings			2,428.2			2,479.1			653.4		242.3			(3,374.8	)		2,428.2
		Treasury Stock			(878.4	)		—			—		—			—			(878.4	)
		Accumulated other comprehensive income (loss)			(67.4	)		(67.4	)		1.9		(5.8	)		71.3			(67.4	)
			Total stockholders' equity		4,262.8			3,151.5			5,258.6		1,449.1			(9,859.2	)		4,262.8
	Noncontrolling interest				—			—			371.3		—			115.7			487.0
		Total equity			4,262.8			3,151.5			5,629.9		1,449.1			(9,743.5	)		4,749.8
Total liabilities and equity				$	4,262.0		$	7,388.0		$	7,158.8	$	3,408.2		$	(12,971.2	)	$	9,245.8

Condensed, Consolidating Balance Sheet

				December 31, 2010
				Parent			CFI			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
				(in millions)
Assets
Current assets:
	Cash and cash equivalents			$	—		$	136.2		$	164.0	$	497.5	$	—		$	797.7
	Short-term investments				—			—			—		3.1		—			3.1
	Accounts receivable				—			540.9			66.3		256.2		(624.5	)		238.9
	Inventories—net				—			177.8			49.3		43.2		—			270.3
	Prepaid income taxes				—			18.3			—		3.4		(21.7	)		—
	Deferred income taxes				2.2			—			—		—		(2.2	)		—
	Other				—			19.0			6.2		6.2		—			31.4
		Total current assets			2.2			892.2			285.8		809.6		(648.4	)		1,341.4
Property, plant and equipment—net					—			747.9			1,712.6		1,481.8		—			3,942.3
Asset retirement obligation funds					—			95.0			—		—		—			95.0
Investments in and advances to unconsolidated affiliates					2,106.4			4,893.4			1,193.4		967.4		(8,183.5	)		977.1
Investments in auction rate securities					—			102.8			—		—		—			102.8
Due from affiliates					1,941.9			—			1,409.4		—		(3,351.3	)		—
Goodwill					—			0.9			2,063.6		—		—			2,064.5
Other assets					—			111.6			100.5		18.8		—			230.9
Total assets				$	4,050.5		$	6,843.8		$	6,765.3	$	3,277.6	$	(12,183.2	)	$	8,754.0
Liabilities and Equity
Current liabilities:
	Accounts payable and accrued expenses			$	0.1		$	180.0		$	95.0	$	63.8	$	(15.7	)	$	323.2
	Income taxes payable				—			—			83.9		—		(21.7	)		62.2
	Customer advances				—			285.4			81.1		65.0		—			431.5
	Notes payable				—			—			452.9		14.5		(462.5	)		4.9
	Deferred income taxes				—			38.6			—		—		—			38.6
	Distributions payable to noncontrolling interest				—			—			—		224.5		(146.5	)		78.0
	Other				—			8.7			0.5		1.0		—			10.2
		Total current liabilities			0.1			512.7			713.4		368.8		(646.4	)		948.6
Long-term debt					—			1,941.1			13.0							1,954.1
Deferred income taxes					—			108.6			789.7		178.5		(2.1	)		1,074.7
Due to affiliates					—			1,942.8			—		1,408.5		(3,351.3	)		—
Other noncurrent liabilities					—			232.2			76.0		35.0		—			343.2
Equity:
	Stockholders' equity:
		Preferred stock			—			—			—		65.3		(65.3	)		—
		Common stock			0.7			—			153.1		32.6		(185.7	)		0.7
		Paid-in capital			2,732.2			739.9			4,450.2		1,114.6		(6,304.7	)		2,732.2
		Retained earnings			1,370.8			1,419.8			184.4		63.4		(1,667.6	)		1,370.8
		Accumulated other comprehensive income (loss)			(53.3	)		(53.3	)		19.8		10.9		22.6			(53.3	)
			Total stockholders' equity		4,050.4			2,106.4			4,807.5		1,286.8		(8,200.7	)		4,050.4
	Noncontrolling interest				—			—			365.7		—		17.3			383.0
		Total equity			4,050.4			2,106.4			5,173.2		1,286.8		(8,183.4	)		4,433.4
Total liabilities and equity				$	4,050.5		$	6,843.8		$	6,765.3	$	3,277.6	$	(12,183.2	)	$	8,754.0

        At December 31, 2010, our condensed, consolidating balance sheet contained in our annual report on Form 10-K included certain amounts that were reported in incorrect line items, as described below:

• •

  The Guarantor Subsidiaries column includes an intercompany receivable of $1,409.4 million reported in the current asset line "Deferred income taxes" that should have been reported in the noncurrent asset line "Due from affiliates."

  •

  The Non-Guarantor Subsidiaries column reflects a distribution of TNCLP earnings of $105.0 million reported in the line "Paid-in capital" that should have been reported in the line "Retained earnings."

        In both cases, offsetting incorrect amounts were reported in the Eliminations column. There was no impact on total assets reported in the Guarantor Subsidiaries column and no impact on any assets reported in the Consolidated column, as the accounts are eliminated in consolidation. We have corrected the errors, which we deem to be immaterial, in the condensed, consolidating balance sheet as of December 31, 2010 shown above.

Condensed, Consolidating Statement of Cash Flows

			Nine months ended September 30, 2011
			Parent			CFI			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
			(in millions)
Operating Activities:
Net earnings			$	1,100.3		$	1,101.8		$	520.6		$	823.6		$	(2,287.5	)	$	1,258.8
Adjustments to reconcile net earnings to net cash provided by operating activities
	Depreciation, depletion and amortization			—			103.4			105.9			105.6			—			314.9
	Deferred income taxes			2.0			(12.9	)		35.1			(7.8	)		—			16.4
	Stock compensation expense			7.3			—			—			0.7			—			8.0
	Excess tax benefit from stock-based compensation			(25.7	)		—			—			—			—			(25.7	)
	Unrealized loss (gain) on derivatives			—			23.7			(0.4	)		4.3			—			27.6
	(Gain) loss on disposal or impairment of property, plant and equipment and non-core assets			—			(32.0	)		37.9			1.5			—			7.4
	Undistributed (earnings) of affiliates—net			(1,101.8	)		(698.7	)		(487.1	)		(51.4	)		2,287.5			(51.5	)
	Due to/from affiliates—net			780.7			(781.1	)		374.4			(374.0	)		—			—
	Changes in:
		Accounts receivable		—			491.0			(2.2	)		(273.1	)		(249.4	)		(33.7	)
		Margin deposits		—			2.6			—			1.8			—			4.4
		Inventories		—			(77.2	)		(10.7	)		12.8			—			(75.1	)
		Accrued income taxes		—			(203.7	)		208.1			16.8			—			21.2
		Accounts payable and accrued expenses		(0.9	)		276.1			(679.3	)		197.2			249.4			42.5
		Customer advances—net		—			322.8			175.0			(51.0	)		—			446.8
	Other—net			(0.2	)		1.9			(4.7	)		(3.9	)		—			(6.9	)
		Net cash provided by operating activities		761.7			517.7			272.6			403.1			—			1,955.1
Investing Activities:
	Additions to property, plant and equipment			—			(93.2	)		(59.2	)		(16.8	)		—			(169.2	)
	Proceeds from sale of property, plant and equipment and non-core assets			—			48.9			2.4			—			—			51.3
	Sales and maturities of short-term and auction rate securities			—			33.8			—			3.1			—			36.9
	Other—net			—			—			—			31.2			—			31.2
		Net cash (used in) provided by investing activities		—			(10.5	)		(56.8	)		17.5			—			(49.8	)
Financing Activities:
	Payments of long-term debt			—			(346.0	)		—			—						(346.0	)
	Financing fees			—			(1.5	)		—			—			—			(1.5	)
	Purchase of treasury stock			(801.9	)		—			—			—			—			(801.9	)
	Dividends paid on common stock			(42.6	)		—			—			—			—			(42.6	)
	Dividends to/from affiliates			42.6			(42.6	)		—			—			—			—
	Distributions to/from noncontrolling interest			—			153.0			(45.9	)		(234.5	)		—			(127.4	)
	Issuances of common stock under employee stock plans			14.5			—			—			—			—			14.5
	Excess tax benefit from stock-based compensation			25.7			—			—			—			—			25.7
		Net cash (used in) provided by financing activities		(761.7	)		(237.1	)		(45.9	)		(234.5	)		—			(1,279.2	)
Effect of exchange rate changes on cash and cash equivalents				—			9.8			—			(7.5	)		—			2.3
Increase in cash and cash equivalents				—			279.9			169.9			178.6			—			628.4
Cash and cash equivalents at beginning of period				—			136.2			164.0			497.5			—			797.7
Cash and cash equivalents at end of period			$	—		$	416.1		$	333.9		$	676.1		$	—		$	1,426.1

Condensed, Consolidating Statement of Cash Flows

			Nine months ended September 30, 2010
			Parent			CFI			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
			(in millions)
Operating Activities:
Net earnings			$	148.9		$	216.5		$	96.8		$	239.1		$	(487.3	)	$	214.0
Adjustments to reconcile net earnings to net cash provided by operating activities
	Depreciation, depletion and amortization			—			161.5			63.2			63.8			—			288.5
	Deferred income (benefit) taxes			—			21.1			29.1			(8.7	)		—			41.5
	Stock compensation expense			5.6			—			—			0.2			—			5.8
	Excess tax benefit from stock-based compensation			(1.2	)		—			—			—			—			(1.2	)
	Unrealized (gain) loss on derivatives			—			17.9			(1.5	)		4.5			—			20.9
	Inventory valuation allowance			—			0.2			0.2			—			—			0.4
	Loss on extinguishment of debt						—			17.0									17.0
	(Gain) on sale of marketable equity securities			—			(28.3	)		—			—			—			(28.3	)
	Loss (gain) on disposal or impairment of property, plant and equipment			—			(0.8	)		0.7			—			—			(0.1	)
	Undistributed (earnings) loss of affiliates—net			(216.5	)		(179.2	)		(94.2	)		(28.5	)		487.3			(31.1	)
	Due to/from affiliates—net			(1,047.0	)		1,049.7			(1,126.7	)		1,124.0			—			—
	Changes in (net of effects of acquisition):
		Accounts receivable		—			(659.9	)		9.1			140.0			588.4			77.6
		Margin deposits		—			(4.4	)		—			—			—			(4.4	)
		Inventories		—			(3.3	)		42.0			37.6			—			76.3
		Accrued income taxes		—			(71.4	)		49.3			(9.2	)		—			(31.3	)
		Accounts payable and accrued expenses		—			30.2			491.4			(0.2	)		(588.4	)		(67.0	)
		Customer advances—net		—			102.9			(19.9	)		(28.3	)		—			54.7
	Other—net			(0.8	)		3.4			1,196.1			(1,198.0	)		—			0.7
		Net cash provided by (used in) operating activities		(1,111.0	)		656.1			752.6			336.3			0.0			634.0
Investing Activities:
	Additions to property, plant and equipment			—			(75.1	)		(72.6	)		(40.8	)		—			(188.5	)
	Proceeds from sale of property, plant and equipment			—			12.7			—			—			—			12.7
	Purchases of short-term securities			—			(25.5	)		—			—			—			(25.5	)
	Sales and maturities of short-term and auction rate securities			—			219.5			—			—			—			219.5
	Sale of marketable equity securities			—			167.1			—			—			—			167.1
	Deposit to asset retirement obligation escrow account			—			(3.7	)		—			—			—			(3.7	)
	Purchase of Terra Industries Inc.			—			(3,721.4	)								543.6			(3,177.8	)
	Other—net			—			0.3			—			30.7			—			31.0
		Net cash provided by (used in) investing activities		—			(3,426.1	)		(72.6	)		(10.1	)		543.6			(2,965.2	)
Financing Activities:
	Proceeds from long-term borrowings			—			5,197.2			—			—						5,197.2
	Payments of long-term debt			—			(2,964.2	)		(744.5	)		—						(3,708.7	)
	Financing fees			(41.3	)		(167.8	)		—			—			—			(209.1	)
	Dividends paid on common stock			(19.1	)		—			(20.0	)		—			—			(39.1	)
	Dividends to/from affiliates			19.1			(19.1	)		—			—			—			—
	Distributions to noncontrolling interest			—			182.3			(16.6	)		(276.2	)		—			(110.5	)
	Issuance of common stock			1,150.0			—			—			—			—			1,150.0
	Issuances of common stock under employee stock plans			1.2			—			—			—			—			1.2
	Excess tax benefit from stock-based compensation			1.2			—			—			—			—			1.2
	Other—net			—			—			0.7			(0.7	)		—			—
		Net cash provided by (used in) financing activities		1,111.1			2,228.4			(780.4	)		(276.9	)		—			2,282.2
Effect of exchange rate changes on cash and cash equivalents				—			(4.2	)		—			4.5			—			0.3
Increase (decrease) in cash and cash equivalents				0.1			(545.8	)		(100.4	)		53.8			543.6			(48.7	)
Cash and cash equivalents at beginning of period				—			663.0			188.1			389.6			(543.6	)		697.1
Cash and cash equivalents at end of period			$	0.1		$	117.2		$	87.7		$	443.4		$	—		$	648.4