Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

3 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Consolidating Guarantor And Non-Guarantor Financial Information [Abstract]

The following information is included as a result of the guarantee by certain of our wholly-owned U.S. subsidiaries (“Guarantor Companies”) of the Senior Unsecured Notes and the Senior Subordinated Notes. None of our other subsidiaries guarantee the Senior Unsecured Notes and the Senior Subordinated Notes. Each of the guarantees is joint and several and full and unconditional. Guarantor Companies are listed below.



Name		State of incorporation or organization

Anvil International, LLC		Delaware
Echologics, LLC		Delaware
Henry Pratt Company, LLC		Delaware
Henry Pratt International, LLC		Delaware
Hydro Gate, LLC		Delaware
J.B. Smith Mfg. Co., LLC		Delaware
James Jones Company, LLC		Delaware
Milliken Valve, LLC		Delaware
Mueller Co. LLC		Delaware
Mueller Group, LLC		Delaware
Mueller Group Co-Issuer, Inc.		Delaware
Mueller International, L.L.C.		Delaware
Mueller Property Holdings, LLC		Delaware
Mueller Co. International Holdings, LLC		Delaware
Mueller Service California, Inc.		Delaware
Mueller Service Co., LLC		Delaware
Mueller Systems, LLC		Delaware
OSP, LLC		Delaware
U.S. Pipe Valve & Hydrant, LLC		Delaware

Schedule Of Consolidating Balance Sheet

Mueller Water Products, Inc. and Subsidiaries

Condensed Consolidating Balance Sheet

December 31, 2013



	Issuer		Guarantor companies			Non- guarantor companies		Eliminations			Total
						(in millions)
Assets:
Cash and cash equivalents	$	68.9	$	(2.9	)	$	40.8	$	—		$	106.8
Receivables, net	0.1		127.1			7.2		—			134.4
Inventories	—		202.6			11.7		—			214.3
Deferred income taxes	63.6		—			0.4		—			64.0
Other current assets	18.0		26.2			2.3		—			46.5
Total current assets	150.6		353.0			62.4		—			566.0
Property, plant and equipment	1.4		132.5			8.0		—			141.9
Identifiable intangible assets	—		543.7			1.8		—			545.5
Other noncurrent assets	14.8		0.2			1.3		—			16.3
Investment in subsidiaries	177.5		38.1			—		(215.6		)	—
Intercompany accounts	882.7		—			—		(882.7		)	—
Total assets	$	1,227.0	$	1,067.5		$	73.5	$	(1,098.3	)	$	1,269.7
Liabilities and stockholders' equity:
Current portion of long-term debt	$	—	$	1.2		$	—	$	—		$	1.2
Accounts payable	4.9		62.6			3.9		—			71.4
Other current liabilities	23.8		40.1			3.0		—			66.9
Total current liabilities	28.7		103.9			6.9		—			139.5
Long-term debt	598.1		1.4			—		—			599.5
Deferred income taxes	175.8		—			0.6		—			176.4
Other noncurrent liabilities	24.3		7.5			0.7		—			32.5
Intercompany accounts	78.3		777.2			27.2		(882.7		)	—
Total liabilities	905.2		890.0			35.4		(882.7		)	947.9
Stockholders' equity	321.8		177.5			38.1		(215.6		)	321.8
Total liabilities and stockholders' equity	$	1,227.0	$	1,067.5		$	73.5	$	(1,098.3	)	$	1,269.7

Mueller Water Products, Inc. and Subsidiaries

Condensed Consolidating Balance Sheet

September 30, 2013



	Issuer		Guarantor companies			Non- guarantor companies		Eliminations			Total
						(in millions)
Assets:
Cash and cash equivalents	$	86.6	$	(2.3	)	$	39.3	$	—		$	123.6
Receivables, net	0.1		150.4			14.0		—			164.5
Inventories	—		195.3			13.2		—			208.5
Deferred income taxes	26.3		—			0.4		—			26.7
Other current assets	18.2		25.7			2.2		—			46.1
Total current assets	131.2		369.1			69.1		—			569.4
Property, plant and equipment	1.5		132.0			8.4		—			141.9
Identifiable intangible assets	—		551.3			1.8		—			553.1
Other noncurrent assets	16.0		0.2			1.3		—			17.5
Investment in subsidiaries	155.2		39.2			—		(194.4		)	—
Intercompany accounts	882.7		—			—		(882.7		)	—
Total assets	$	1,186.6	$	1,091.8		$	80.6	$	(1,077.1	)	$	1,281.9
Liabilities and stockholders' equity:
Current portion of long-term debt	$	—	$	1.3		$	—	$	—		$	1.3
Accounts payable	4.6		90.0			6.6		—			101.2
Other current liabilities	29.7		46.6			4.3		—			80.6
Total current liabilities	34.3		137.9			10.9		—			183.1
Long-term debt	598.0		1.5			—		—			599.5
Deferred income taxes	140.9		—			0.6		—			141.5
Other noncurrent liabilities	21.3		7.5			0.8		—			29.6
Intercompany accounts	63.9		789.7			29.1		(882.7		)	—
Total liabilities	858.4		936.6			41.4		(882.7		)	953.7
Stockholders' equity	328.2		155.2			39.2		(194.4		)	328.2
Total liabilities and stockholders' equity	$	1,186.6	$	1,091.8		$	80.6	$	(1,077.1	)	$	1,281.9

Schedule Of Consolidating Statement Of Operations

Mueller Water Products, Inc. and Subsidiaries

Condensed Consolidating Statement of Operations

Three months ended December 31, 2013



	Issuer			Guarantor companies		Non- guarantor companies			Eliminations			Total
						(in millions)
Net sales	$	—		$	235.8	$	21.6		$	—		$	257.4
Cost of sales	—			172.7		17.6			—			190.3
Gross profit	—			63.1		4.0			—			67.1
Operating expenses:
Selling, general and administrative	9.1			40.7		3.2			—			53.0
Restructuring	—			0.1		—			—			0.1
Total operating expenses	9.1			40.8		3.2			—			53.1
Operating income (loss)	(9.1		)	22.3		0.8			—			14.0
Interest expense, net	12.6			0.1		(0.1		)	—			12.6
Income (loss) before income taxes	(21.7		)	22.2		0.9			—			1.4
Income tax expense (benefit)	(7.9		)	8.0		0.2			—			0.3
Equity in income of subsidiaries	14.9			0.7		—			(15.6		)	—
Net income	$	1.1		$	14.9	$	0.7		$	(15.6	)	$	1.1

Mueller Water Products, Inc. and Subsidiaries

Condensed Consolidating Statement of Operations

Three months ended December 31, 2012



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations			Total
							(in millions)
Net sales	$	—		$	221.8		$	23.3		$	—		$	245.1
Cost of sales	—			167.6			20.4			—			188.0
Gross profit	—			54.2			2.9			—			57.1
Operating expenses:
Selling, general and administrative	7.1			39.2			3.2			—			49.5
Restructuring	—			0.7			—			—			0.7
Total operating expenses	7.1			39.9			3.2			—			50.2
Operating income (loss)	(7.1		)	14.3			(0.3		)	—			6.9
Interest expense (income), net	13.4			0.1			—			—			13.5
Income (loss) before income taxes	(20.5		)	14.2			(0.3		)	—			(6.6		)
Income tax expense (benefit)	(5.0		)	3.5			(0.1		)	—			(1.6		)
Equity in income (loss) of subsidiaries	10.5			(0.2		)	—			(10.3		)	—
Income (loss) from continuing operations	(5.0		)	10.5			(0.2		)	(10.3		)	(5.0		)
Income from discontinued operations	12.0			—			—			—			12.0
Net income (loss)	$	7.0		$	10.5		$	(0.2	)	$	(10.3	)	$	7.0

Schedule Of Consolidating Statement Of Other Comprehensive Income [Table Text Block]

Mueller Water Products, Inc. and Subsidiaries

Condensed Consolidating Statement of Comprehensive Income (Loss)

Three months ended December 31, 2013



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations			Total
							(in millions)
Net income	$	1.1		$	14.9		$	0.7		$	(15.6	)	$	1.1
Other comprehensive income (loss):
Minimum pension liability, net of tax	(3.0		)	—			—			—			(3.0		)
Equity in other comprehensive loss of subsidiaries	(2.0		)	(2.0		)	—			4.0			—
Foreign currency translation	—			—			(2.0		)	—			(2.0		)
	(5.0		)	(2.0		)	(2.0		)	4.0			(5.0		)
Comprehensive income (loss)	$	(3.9	)	$	12.9		$	(1.3	)	$	(11.6	)	$	(3.9	)

Mueller Water Products, Inc. and Subsidiaries

Condensed Consolidating Statement of Comprehensive Income (Loss)

Three months ended December 31, 2012



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations			Total
							(in millions)
Net income (loss)	$	7.0		$	10.5		$	(0.2	)	$	(10.3	)	$	7.0
Other comprehensive income (loss):
Minimum pension liability, net of tax	3.4			—			—			—			3.4
Equity in other comprehensive income of subsidiaries	(0.7		)	(0.7		)	—			1.4			—
Foreign currency translation	—			—			(0.7		)	—			(0.7		)
	2.7			(0.7		)	(0.7		)	1.4			2.7
Comprehensive income (loss)	$	9.7		$	9.8		$	(0.9	)	$	(8.9	)	$	9.7

Schedule Of Consolidating Statement Of Cash Flow

Mueller Water Products, Inc. and Subsidiaries

Condensed Consolidating Statement of Cash Flows

Three months ended December 31, 2013



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations		Total
							(in millions)
Operating activities:
Net cash provided by (used in) operating activities	$	(12.8	)	$	6.1		$	2.9		$	—	$	(3.8	)
Investing activities:
Capital expenditures	—			(7.3		)	(0.2		)	—		(7.5		)
Proceeds from sales of assets	—			0.2			—			—		0.2
Net cash used in investing activities from continuing operations	—			(7.1		)	(0.2		)	—		(7.3		)
Financing activities:
Dividends paid	(2.8		)	—			—			—		(2.8		)
Common stock issued	0.9			—			—			—		0.9
Shares retained for employee taxes	(3.0		)	—			—			—		(3.0		)
Other	—			0.4			—			—		0.4
Net cash provided by (used in) financing activities from continuing operations	(4.9		)	0.4			—			—		(4.5		)
Effect of currency exchange rate changes on cash	—			—			(1.2		)	—		(1.2		)
Net change in cash and cash equivalents	(17.7		)	(0.6		)	1.5			—		(16.8		)
Cash and cash equivalents at beginning of period	86.6			(2.3		)	39.3			—		123.6
Cash and cash equivalents at end of period	$	68.9		$	(2.9	)	$	40.8		$	—	$	106.8

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Cash Flows

Three months ended December 31, 2012



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations		Total
							(in millions)
Operating activities:
Net cash provided by (used in) operating activities from continuing operations	$	(5.9	)	$	6.0		$	0.5		$	—	$	0.6
Investing activities:
Capital expenditures	—			(6.0		)	(0.2		)	—		(6.2		)
Acquisitions, net of cash acquired	—			(0.3		)	—			—		(0.3		)
Net cash used in investing activities from continuing operations	—			(6.3		)	(0.2		)	—		(6.5		)
Financing activities:
Dividends paid	(2.7		)	—			—			—		(2.7		)
Common stock issued	0.3			—			—			—		0.3
Shares retained for employee taxes	(1.3		)	—			—			—		(1.3		)
Payment of deferred financing fees	(0.7		)	—			—			—		(0.7		)
Other	(0.7		)	0.1			—			—		(0.6		)
Net cash provided by (used in) financing activities from continuing operations	(5.1		)	0.1			—			—		(5.0		)
Net cash flows from discontinued operations:
Operating activities	(1.7		)	—			—			—		(1.7		)
Investing activities	4.5			—			—			—		4.5
Net cash provided by discontinued operations	2.8			—			—			—		2.8
Effect of currency exchange rate changes on cash	—			—			(0.4		)	—		(0.4		)
Net change in cash and cash equivalents	(8.2		)	(0.2		)	(0.1		)	—		(8.5		)
Cash and cash equivalents at beginning of period	53.3			(3.7		)	33.4			—		83.0
Cash and cash equivalents at end of period	$	45.1		$	(3.9	)	$	33.3		$	—	$	74.5