Supplemental Guarantor Information (Tables)

6 Months Ended

Jun. 30, 2013

Supplemental Guarantor Information [Abstract]

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheet
December 31, 2012
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	48.0	$	—	$	9.8		$	—	$	(19.9	)	$	37.9
Accounts receivable, net	—		—		1,217.7		67.3			—		—			1,285.0
Merchandise inventory	—		—		313.2		1.4			—		—			314.6
Miscellaneous receivables	—		61.7		82.0		4.8			—		—			148.5
Deferred income taxes	—		8.7		5.5		(0.1		)	—		—			14.1
Prepaid expenses and other	—		10.1		24.4		0.1			—		—			34.6
Total current assets	—		128.5		1,642.8		83.3			—		(19.9		)	1,834.7
Property and equipment, net	—		73.9		66.2		2.6			—		—			142.7
Goodwill	—		749.4		1,428.5		31.4			—		—			2,209.3
Other intangible assets, net	—		348.6		1,121.7		8.2			—		—			1,478.5
Deferred financing costs, net	—		53.2		—		—			—		—			53.2
Other assets	5.4		1.1		0.4		0.6			—		(5.9		)	1.6
Investment in and advances to subsidiaries	131.1		2,946.0		—		—			—		(3,077.1		)	—
Total assets	$	136.5	$	4,300.7	$	4,259.6	$	126.1		$	—	$	(3,102.9	)	$	5,720.0
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable—trade	$	—	$	16.5	$	500.3	$	21.7		$	—	$	(19.9	)	$	518.6
Accounts payable—inventory financing	—		—		249.2		—			—		—			249.2
Current maturities of long-term debt	—		40.0		—		—			—		—			40.0
Deferred revenue	—		—		57.8		—			—		—			57.8
Accrued expenses	—		139.3		157.4		5.9			—		—			302.6
Total current liabilities	—		195.8		964.7		27.6			—		(19.9		)	1,168.2
Long-term liabilities:
Debt	—		3,731.0		—		—			—		—			3,731.0
Deferred income taxes	—		188.1		440.0		1.7			—		(5.5		)	624.3
Accrued interest	—		8.0		—		—			—		—			8.0
Other liabilities	—		46.7		4.0		1.7			—		(0.4		)	52.0
Total long-term liabilities	—		3,973.8		444.0		3.4			—		(5.9		)	4,415.3
Total shareholders’ equity	136.5		131.1		2,850.9		95.1			—		(3,077.1		)	136.5
Total liabilities and shareholders' equity	$	136.5	$	4,300.7	$	4,259.6	$	126.1		$	—	$	(3,102.9	)	$	5,720.0

Condensed Consolidating Balance Sheet
June 30, 2013
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	142.0	$	11.2	$	26.2		$	—	$	(0.1	)	$	179.3
Accounts receivable, net	—		—		1,335.2		55.3			—		—			1,390.5
Merchandise inventory	—		—		376.2		2.3			—		—			378.5
Miscellaneous receivables	—		55.4		103.3		6.4			—		—			165.1
Deferred income taxes	—		8.5		3.7		(0.1		)	—		—			12.1
Prepaid expenses and other	—		24.0		83.6		0.6			—		—			108.2
Total current assets	—		229.9		1,913.2		90.7			—		(0.1		)	2,233.7
Property and equipment, net	—		69.4		61.1		2.2			—		—			132.7
Goodwill	—		749.4		1,428.5		29.5			—		—			2,207.4
Other intangible assets, net	—		343.9		1,052.5		7.3			—		—			1,403.7
Deferred financing costs, net	—		41.4		—		—			—		—			41.4
Other assets	5.2		1.5		0.1		0.6			—		(5.8		)	1.6
Investment from and advances to subsidiaries	203.8		2,892.0		—		—			—		(3,095.8		)	—
Total assets	$	209.0	$	4,327.5	$	4,455.4	$	130.3		$	—	$	(3,101.7	)	$	6,020.5
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable—trade	$	—	$	20.6	$	725.2	$	25.3		$	—	$	(0.1	)	$	771.0
Accounts payable—inventory financing	—		—		282.5		—			—		—			282.5
Current maturities of long-term debt	—		13.5		—		—			—		—			13.5
Deferred revenue	—		—		96.5		0.4			—		—			96.9
Accrued expenses	—		136.4		138.9		6.0			—		—			281.3
Total current liabilities	—		170.5		1,243.1		31.7			—		(0.1		)	1,445.2
Long-term liabilities:
Debt	—		3,710.9		—		—			—		—			3,710.9
Deferred income taxes	—		189.8		412.1		1.6			—		(5.2		)	598.3
Accrued interest	—		6.4		—		—			—		—			6.4
Other liabilities	—		46.1		3.6		1.6			—		(0.6		)	50.7
Total long-term liabilities	—		3,953.2		415.7		3.2			—		(5.8		)	4,366.3
Total shareholders’ equity	209.0		203.8		2,796.6		95.4			—		(3,095.8		)	209.0
Total liabilities and shareholders’ equity	$	209.0	$	4,327.5	$	4,455.4	$	130.3		$	—	$	(3,101.7	)	$	6,020.5

Consolidating Statements of Operations

Consolidating Statement of Operations
Three Months Ended June 30, 2013
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	2,662.0		$	117.3		$	—	$	—		$	2,779.3
Cost of sales	—		—			2,225.4			102.3			—		—			2,327.7
Gross profit	—		—			436.6			15.0			—		—			451.6
Selling and administrative expenses	—		27.6			230.1			8.7			—		—			266.4
Advertising expense	—		—			30.6			1.0			—		—			31.6
(Loss) income from operations	—		(27.6		)	175.9			5.3			—		—			153.6
Interest (expense) income, net	—		(70.4		)	—			0.1			—		—			(70.3		)
Net loss on extinguishments of long-term debt	—		(10.3		)	—			—			—		—			(10.3		)
Management fee	—		1.6			—			(1.6		)	—		—			—
Other (expense) income, net	—		(0.2		)	0.3			0.1			—		—			0.2
(Loss) income before income taxes	—		(106.9		)	176.2			3.9			—		—			73.2
Income tax benefit (expense)	—		39.8			(65.6		)	(0.7		)	—		—			(26.5		)
(Loss) income before equity in earnings of subsidiaries	—		(67.1		)	110.6			3.2			—		—			46.7
Equity in earnings of subsidiaries	46.7		113.8			—			—			—		(160.5		)	—
Net income	$	46.7	$	46.7		$	110.6		$	3.2		$	—	$	(160.5	)	$	46.7

Consolidating Statement of Operations
Three Months Ended June 30, 2012
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	2,471.9		$	112.8		$	—	$	—		$	2,584.7
Cost of sales	—		—			2,059.2			98.6			—		—			2,157.8
Gross profit	—		—			412.7			14.2			—		—			426.9
Selling and administrative expenses	—		27.0			224.1			8.4			—		—			259.5
Advertising expense	—		—			29.9			1.1			—		—			31.0
(Loss) income from operations	—		(27.0		)	158.7			4.7			—		—			136.4
Interest expense, net	—		(76.9		)	—			—			—		—			(76.9		)
Net loss on extinguishments of long-term debt	—		—			—			—			—		—			—
Management fee	—		0.8			—			(0.8		)	—		—			—
Other income, net	—		0.2			—			—			—		—			0.2
(Loss) income before income taxes	—		(102.9		)	158.7			3.9			—		—			59.7
Income tax benefit (expense)	—		41.0			(62.9		)	(1.0		)	—		—			(22.9		)
(Loss) income before equity in earnings of subsidiaries	—		(61.9		)	95.8			2.9			—		—			36.8
Equity in earnings of subsidiaries	36.8		98.7			—			—			—		(135.5		)	—
Net income	$	36.8	$	36.8		$	95.8		$	2.9		$	—	$	(135.5	)	$	36.8

Consolidating Statement of Operations
Six Months Ended June 30, 2012
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	4,684.9		$	219.0		$	—	$	—		$	4,903.9
Cost of sales	—		—			3,901.2			191.2			—		—			4,092.4
Gross profit	—		—			783.7			27.8			—		—			811.5
Selling and administrative expenses	—		52.8			441.3			17.0			—		—			511.1
Advertising expense	—		—			58.5			1.9			—		—			60.4
(Loss) income from operations	—		(52.8		)	283.9			8.9			—		—			240.0
Interest (expense) income, net	—		(156.1		)	0.3			—			—		—			(155.8		)
Net loss on extinguishments of long-term debt	—		(9.4		)	—			—			—		—			(9.4		)
Management fee	—		2.2			—			(2.2		)	—		—			—
Other (expense) income, net	—		(0.1		)	0.1			—			—		—			—
(Loss) income before income taxes	—		(216.2		)	284.3			6.7			—		—			74.8
Income tax benefit (expense)	—		89.8			(115.1		)	(1.8		)	—		—			(27.1		)
(Loss) income before equity in earnings of subsidiaries	—		(126.4		)	169.2			4.9			—		—			47.7
Equity in earnings of subsidiaries	47.7		174.1			—			—			—		(221.8		)	—
Net income	$	47.7	$	47.7		$	169.2		$	4.9		$	—	$	(221.8	)	$	47.7

Consolidating Statement of Operations
Six Months Ended June 30, 2013
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	4,951.8		$	239.2		$	—	$	—		$	5,191.0
Cost of sales	—		—			4,127.5			209.9			—		—			4,337.4
Gross profit	—		—			824.3			29.3			—		—			853.6
Selling and administrative expenses	—		53.3			446.8			17.8			—		—			517.9
Advertising expense	—		—			60.2			1.8			—		—			62.0
(Loss) income from operations	—		(53.3		)	317.3			9.7			—		—			273.7
Interest (expense) income, net	—		(142.6		)	—			0.2			—		—			(142.4		)
Net loss on extinguishments of long-term debt	—		(14.2		)	—			—			—		—			(14.2		)
Management fee	—		2.5			—			(2.5		)	—		—			—
Other (expense) income, net	—		(0.2		)	0.6			0.2			—		—			0.6
(Loss) income before income taxes	—		(207.8		)	317.9			7.6			—		—			117.7
Income tax benefit (expense)	—		77.5			(118.6		)	(1.6		)	—		—			(42.7		)
(Loss) income before equity in earnings of subsidiaries	—		(130.3		)	199.3			6.0			—		—			75.0
Equity in earnings of subsidiaries	75.0		205.3			—			—			—		(280.3		)	—
Net income	$	75.0	$	75.0		$	199.3		$	6.0		$	—	$	(280.3	)	$	75.0

Condensed Consolidating Statements of Comprehensive Income (Loss)

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2013
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income (loss)	$	43.4	$	43.4	$	110.6	$	(0.1	)	$	—	$	(153.9	)	$	43.4

Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 2012
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	48.0	$	48.0	$	169.2	$	5.2	$	—	$	(222.4	)	$	48.0

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended June 30, 2012
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	35.2	$	35.2	$	95.8	$	1.3	$	—	$	(132.3	)	$	35.2

Condensed Consolidating Statement of Comprehensive Income
Six Months Ended June 30, 2013
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	69.3	$	69.3	$	199.3	$	0.3	$	—	$	(268.9	)	$	69.3

Condensed Consolidating Statements Cash Flows

Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2013
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net cash (used in) provided by operating activities	$	—	$	(109.5	)	$	279.1		$	17.7		$	—	$	19.8		$	207.1
Cash flows from investing activities:
Capital expenditures	—		(18.0		)	(2.0		)	—			—		—			(20.0		)
Net cash used in investing activities	—		(18.0		)	(2.0		)	—			—		—			(20.0		)
Cash flows from financing activities:
Proceeds from borrowings under revolving credit facility	—		63.0			—			—			—		—			63.0
Repayments of borrowings under revolving credit facility	—		(63.0		)	—			—			—		—			(63.0		)
Repayments of long-term debt	—		(43.4		)	—			—			—		—			(43.4		)
Proceeds from issuance of long-term debt	—		1,346.6			—			—			—		—			1,346.6
Payments to extinguish long-term debt	—		(1,352.6		)	—			—			—		—			(1,352.6		)
Net change in accounts payable-inventory financing	—		—			33.3			—			—		—			33.3
Payment of incentive compensation plan withholding taxes	—		(3.8		)	(19.5		)	—			—		—			(23.3		)
Advances from (to) affiliates	—		279.6			(279.7		)	0.1			—		—			—
Other financing activities	—		(4.9		)	—			—			—		—			(4.9		)
Net cash provided by (used in) financing activities	—		221.5			(265.9		)	0.1			—		—			(44.3		)
Effect of exchange rate changes on cash and cash equivalents	—		—			—			(1.4		)	—		—			(1.4		)
Net increase in cash and cash equivalents	—		94.0			11.2			16.4			—		19.8			141.4
Cash and cash equivalents—beginning of period	—		48.0			—			9.8			—		(19.9		)	37.9
Cash and cash equivalents—end of period	$	—	$	142.0		$	11.2		$	26.2		$	—	$	(0.1	)	$	179.3

Condensed Consolidating Statement of Cash Flows
Six Months Ended June 30, 2012
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net cash (used in) provided by operating activities	$	—	$	(118.3	)	$	410.6		$	13.1		$	—	$	(0.7	)	$	304.7
Cash flows from investing activities:
Capital expenditures	—		(8.8		)	(6.5		)	(0.4		)	—		—			(15.7		)
Net cash used in investing activities	—		(8.8		)	(6.5		)	(0.4		)	—		—			(15.7		)
Cash flows from financing activities:
Proceeds from borrowings under revolving credit facility	—		256.0			—			—			—		—			256.0
Repayments of borrowings under revolving credit facility	—		(256.0		)	—			—			—		—			(256.0		)
Repayments of long-term debt	—		(201.0		)	—			—			—		—			(201.0		)
Proceeds from issuance of long-term debt	—		135.7			—			—			—		—			135.7
Payments to extinguish long-term debt	—		(136.9		)	—			—			—		—			(136.9		)
Net change in accounts payable-inventory financing	—		—			(25.5		)	—			—		—			(25.5		)
Advances from (to) affiliates	—		371.8			(372.3		)	0.5			—		—			—
Other financing activities	—		(2.4		)	—			—			—		—			(2.4		)
Net cash provided by (used in) financing activities	—		167.2			(397.8		)	0.5			—		—			(230.1		)
Effect of exchange rate changes on cash and cash equivalents	—		—			—			(0.1		)	—		—			(0.1		)
Net increase in cash and cash equivalents	—		40.1			6.3			13.1			—		(0.7		)	58.8
Cash and cash equivalents—beginning of period	—		102.1			15.8			8.1			—		(26.1		)	99.9
Cash and cash equivalents—end of period	$	—	$	142.2		$	22.1		$	21.2		$	—	$	(26.8	)	$	158.7