Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2014

Supplemental Guarantor Information [Abstract]

Schedule of Condensed Cash Flow Statement [Table Text Block]

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 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	$	(15.2	)	$	(130.3	)	$	508.8		$	5.5		$	—	$	(2.5	)	$	366.3
Cash flows from investing activities:
Capital expenditures	—			(40.8		)	(6.2		)	(0.1		)	—		—			(47.1		)
Net cash used in investing activities	—			(40.8		)	(6.2		)	(0.1		)	—		—			(47.1		)
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	—			(51.1		)	—			—			—		—			(51.1		)
Proceeds from issuance of long-term debt	—			1,535.2			—			—			—		—			1,535.2
Payments to extinguish long-term debt	—			(2,047.4		)	—			—			—		—			(2,047.4		)
Payment of debt financing costs	—			(6.1		)	—			—			—		—			(6.1		)
Net change in accounts payable-inventory financing	—			—			7.4			—			—		—			7.4
Payment of incentive compensation plan withholding taxes	—			(4.0		)	(19.6		)	(0.5		)	—		—			(24.1		)
Net proceeds from issuance of common shares	424.7			—			—			—			—		—			424.7
Dividends paid	(7.3		)	—			—			—			—		—			(7.3		)
Advances to/from affiliates	(402.2		)	892.6			(490.4		)	—			—		—			—
Other financing activities	—			0.4			—			—			—		—			0.4
Net cash provided by (used in) financing activities	15.2			319.6			(502.6		)	(0.5		)	—		—			(168.3		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(0.7		)	—		—			(0.7		)
Net increase in cash and cash equivalents	—			148.5			—			4.2			—		(2.5		)	150.2
Cash and cash equivalents – beginning of period	—			48.0			—			9.8			—		(19.9		)	37.9
Cash and cash equivalents – end of period	$	—		$	196.5		$	—		$	14.0		$	—	$	(22.4	)	$	188.1

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 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	$	—	$	(204.3	)	$	514.2		$	1.3		$	—	$	6.2		$	317.4
Cash flows from investing activities:
Capital expenditures	—		(27.0		)	(14.0		)	(0.4		)	—		—			(41.4		)
Premium payments on interest rate cap agreements	—		(0.3		)	—			—			—		—			(0.3		)
Net cash used in investing activities	—		(27.3		)	(14.0		)	(0.4		)	—		—			(41.7		)
Cash flows from financing activities:
Proceeds from borrowings under revolving credit facility	—		289.0			—			—			—		—			289.0
Repayments of borrowings under revolving credit facility	—		(289.0		)	—			—			—		—			(289.0		)
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	—		(243.2		)	—			—			—		—			(243.2		)
Payment of debt financing costs	—		(2.1		)	—			—			—		—			(2.1		)
Net change in accounts payable-inventory financing	—		—			(29.5		)	—			—		—			(29.5		)
Advances to/from affiliates	—		486.0			(486.5		)	0.5			—		—			—
Other financing activities	—		2.1			—			—			—		—			2.1
Net cash provided by (used in) financing activities	—		177.5			(516.0		)	0.5			—		—			(338.0		)
Effect of exchange rate changes on cash and cash equivalents	—		—			—			0.3			—		—			0.3
Net (decrease) increase in cash and cash equivalents	—		(54.1		)	(15.8		)	1.7			—		6.2			(62.0		)
Cash and cash equivalents – beginning of period	—		102.1			15.8			8.1			—		(26.1		)	99.9
Cash and cash equivalents – end of period	$	—	$	48.0		$	—		$	9.8		$	—	$	(19.9	)	$	37.9

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2014
(in millions)	Parent Guarantor			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net cash (used in) provided by operating activities	$	—		$	(120.4	)	$	547.7		$	11.8		$	—	$	(4.1	)	$	435.0
Cash flows from investing activities:
Capital expenditures	—			(47.9		)	(7.1		)	—			—		—			(55.0		)
Payment for equity investments	—			(86.8		)	—			—			—		—			(86.8		)
Payment of accrued charitable contribution related to the MPK Coworker Incentive Plan II	—			(20.9		)	—			—			—		—			(20.9		)
Premium payments on interest rate cap agreements	—			(2.1		)	—			—			—		—			(2.1		)
Net cash used in investing activities	—			(157.7		)	(7.1		)	—			—		—			(164.8		)
Cash flows from financing activities:
Repayments of long-term debt	—			(15.4		)	—			—			—		—			(15.4		)
Proceeds from issuance of long-term debt	—			1,175.0			—			—			—		—			1,175.0
Payments to extinguish long-term debt	—			(1,299.0		)	—			—			—		—			(1,299.0		)
Payment of debt financing costs	—			(21.9		)	—			—			—		—			(21.9		)
Net change in accounts payable-inventory financing	—			—			75.5			—			—		—			75.5
Proceeds from stock option exercises	—			1.3			—			—			—		—			1.3
Proceeds from Coworker stock purchase plan	—			5.8			—			—			—		—			5.8
Dividends paid	(33.6		)	—			—			—			—		—			(33.6		)
Excess tax benefits from equity-based compensation	—			0.3			—			—			—		—			0.3
Advances to/from affiliates	33.6			581.9			(616.1		)	0.6			—		—			—
Net cash provided by (used in) financing activities	—			428.0			(540.6		)	0.6			—		—			(112.0		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(1.8		)	—		—			(1.8		)
Net increase in cash and cash equivalents	—			149.9			—			10.6			—		(4.1		)	156.4
Cash and cash equivalents – beginning of period	—			196.5			—			14.0			—		(22.4		)	188.1
Cash and cash equivalents – end of period	$	—		$	346.4		$	—		$	24.6		$	—	$	(26.5	)	$	344.5

Schedule of Condensed Comprehensive Income (Loss) [Table Text Block]

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2014
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	234.6	$	234.6	$	484.6	$	5.1	$	—	$	(724.3	)	$	234.6

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2012
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	121.5	$	121.5	$	322.8	$	13.2	$	—	$	(457.5	)	$	121.5

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2013
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	126.1	$	141.3	$	409.0	$	4.8	$	—	$	(555.1	)	$	126.1

Schedule of Condensed Balance Sheet [Table Text Block]

Condensed Consolidating Balance Sheet
December 31, 2014
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	346.4	$	—	$	24.6	$	—	$	(26.5	)	$	344.5
Accounts receivable, net	—		—		1,479.1		82.0		—		—			1,561.1
Merchandise inventory	—		—		333.9		3.6		—		—			337.5
Miscellaneous receivables	—		56.1		93.3		6.2		—		—			155.6
Prepaid expenses and other	—		11.0		46.0		1.5		—		(3.8		)	54.7
Total current assets	—		413.5		1,952.3		117.9		—		(30.3		)	2,453.4
Property and equipment, net	—		80.5		55.5		1.2		—		—			137.2
Equity investments	—		86.7		—		—		—		—			86.7
Goodwill	—		751.8		1,439.0		26.8		—		—			2,217.6
Other intangible assets, net	—		320.0		843.6		5.2		—		—			1,168.8
Deferred financing costs, net	—		33.0		—		—		—		—			33.0
Other assets	4.3		3.2		0.4		1.4		—		(6.1		)	3.2
Investment in and advances to subsidiaries	932.2		2,784.5		—		—		—		(3,716.7		)	—
Total assets	$	936.5	$	4,473.2	$	4,290.8	$	152.5	$	—	$	(3,753.1	)	$	6,099.9
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable-trade	$	—	$	23.9	$	671.9	$	34.7	$	—	$	(26.5	)	$	704.0
Accounts payable-inventory financing	—		—		332.1		—		—		—			332.1
Current maturities of long-term debt	—		15.4		—		—		—		—			15.4
Deferred revenue	—		—		79.9		1.4		—		—			81.3
Accrued expenses	—		137.8		193.6		7.9		—		(4.1		)	335.2
Total current liabilities	—		177.1		1,277.5		44.0		—		(30.6		)	1,468.0
Long-term liabilities:
Debt	—		3,174.6		—		—		—		—			3,174.6
Deferred income taxes	—		146.7		331.3		1.3		—		(4.3		)	475.0
Other liabilities	—		42.6		3.7		1.0		—		(1.5		)	45.8
Total long-term liabilities	—		3,363.9		335.0		2.3		—		(5.8		)	3,695.4
Total shareholders’ equity	936.5		932.2		2,678.3		106.2		—		(3,716.7		)	936.5
Total liabilities and shareholders' equity	$	936.5	$	4,473.2	$	4,290.8	$	152.5	$	—	$	(3,753.1	)	$	6,099.9

Condensed Consolidating Balance Sheet
December 31, 2013
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	196.5	$	—	$	14.0	$	—	$	(22.4	)	$	188.1
Accounts receivable, net	—		—		1,375.9		75.1		—		—			1,451.0
Merchandise inventory	—		—		378.9		3.1		—		—			382.0
Miscellaneous receivables	—		49.9		91.0		5.4		—		—			146.3
Prepaid expenses and other	—		10.7		33.4		5.1		—		(3.1		)	46.1
Total current assets	—		257.1		1,879.2		102.7		—		(25.5		)	2,213.5
Property and equipment, net	—		69.7		59.6		1.8		—		—			131.1
Goodwill	—		751.9		1,439.0		29.4		—		—			2,220.3
Other intangible assets, net	—		338.5		982.8		6.7		—		—			1,328.0
Deferred financing costs, net	—		30.1		—		—		—		—			30.1
Other assets	4.9		1.4		0.1		0.9		—		(5.7		)	1.6
Investment in and advances to subsidiaries	706.8		2,909.4		—		—		—		(3,616.2		)	—
Total assets	$	711.7	$	4,358.1	$	4,360.7	$	141.5	$	—	$	(3,647.4	)	$	5,924.6
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable-trade	$	—	$	21.4	$	637.3	$	26.5	$	—	$	(22.4	)	$	662.8
Accounts payable-inventory financing	—		—		256.6		—		—		—			256.6
Current maturities of long-term debt	—		45.4		—		—		—		—			45.4
Deferred revenue	—		—		89.9		4.9		—		—			94.8
Accrued expenses	—		163.5		175.1		7.5		—		(3.1		)	343.0
Total current liabilities	—		230.3		1,158.9		38.9		—		(25.5		)	1,402.6
Long-term liabilities:
Debt	—		3,205.8		—		—		—		—			3,205.8
Deferred income taxes	—		178.3		388.4		1.6		—		(4.8		)	563.5
Other liabilities	—		36.9		3.6		1.4		—		(0.9		)	41.0
Total long-term liabilities	—		3,421.0		392.0		3.0		—		(5.7		)	3,810.3
Total shareholders’ equity	711.7		706.8		2,809.8		99.6		—		(3,616.2		)	711.7
Total liabilities and shareholders’ equity	$	711.7	$	4,358.1	$	4,360.7	$	141.5	$	—	$	(3,647.4	)	$	5,924.6

Schedule of Condensed Income Statement [Table Text Block]

Consolidating Statement of Operations
Year Ended December 31, 2014
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	11,542.3		$	532.2		$	—	$	—		$	12,074.5
Cost of sales	—		—			9,684.9			468.3			—		—			10,153.2
Gross profit	—		—			1,857.4			63.9			—		—			1,921.3
Selling and administrative expenses	—		112.8			962.3			35.2			—		—			1,110.3
Advertising expense	—		—			134.0			4.0			—		—			138.0
(Loss) income from operations	—		(112.8		)	761.1			24.7			—		—			673.0
Interest (expense) income, net	—		(197.7		)	0.1			0.3			—		—			(197.3		)
Net loss on extinguishments of long-term debt	—		(90.7		)	—			—			—		—			(90.7		)
Management fee	—		3.9			—			(3.9		)	—		—			—
Other income, net	—		1.2			1.5			—			—		—			2.7
(Loss) income before income taxes	—		(396.1		)	762.7			21.1			—		—			387.7
Income tax benefit (expense)	—		141.0			(278.1		)	(5.7		)	—		—			(142.8		)
(Loss) income before equity in earnings of subsidiaries	—		(255.1		)	484.6			15.4			—		—			244.9
Equity in earnings of subsidiaries	244.9		500.0			—			—			—		(744.9		)	—
Net income	$	244.9	$	244.9		$	484.6		$	15.4		$	—	$	(744.9	)	$	244.9

Consolidating Statement of Operations
Year Ended December 31, 2013
(in millions)	Parent Guarantor			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—		$	—		$	10,293.3		$	475.3		$	—	$	—		$	10,768.6
Cost of sales	—			—			8,592.1			416.2			—		—			9,008.3
Gross profit	—			—			1,701.2			59.1			—		—			1,760.3
Selling and administrative expenses	24.4			103.9			957.3			35.3			—		—			1,120.9
Advertising expense	—			—			126.8			4.0			—		—			130.8
(Loss) income from operations	(24.4		)	(103.9		)	617.1			19.8			—		—			508.6
Interest (expense) income, net	—			(250.6		)	0.2			0.3			—		—			(250.1		)
Net loss on extinguishments of long-term debt	—			(64.0		)	—			—			—		—			(64.0		)
Management fee	—			4.3			—			(4.3		)	—		—			—
Other (expense) income, net	—			(0.5		)	1.2			0.3			—		—			1.0
(Loss) income before income taxes	(24.4		)	(414.7		)	618.5			16.1			—		—			195.5
Income tax benefit (expense)	9.2			142.2			(209.5		)	(4.6		)	—		—			(62.7		)
(Loss) income before equity in earnings of subsidiaries	(15.2		)	(272.5		)	409.0			11.5			—		—			132.8
Equity in earnings of subsidiaries	148.0			420.5			—			—			—		(568.5		)	—
Net income	$	132.8		$	148.0		$	409.0		$	11.5		$	—	$	(568.5	)	$	132.8

Consolidating Statement of Operations
Year Ended December 31, 2012
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	9,683.0		$	445.2		$	—	$	—		$	10,128.2
Cost of sales	—		—			8,071.5			387.1			—		—			8,458.6
Gross profit	—		—			1,611.5			58.1			—		—			1,669.6
Selling and administrative expenses	—		103.7			891.6			34.2			—		—			1,029.5
Advertising expense	—		—			125.1			4.4			—		—			129.5
(Loss) income from operations	—		(103.7		)	594.8			19.5			—		—			510.6
Interest (expense) income, net	—		(308.0		)	0.4			0.2			—		—			(307.4		)
Net loss on extinguishments of long-term debt	—		(17.2		)	—			—			—		—			(17.2		)
Management fee	—		3.8			—			(3.8		)	—		—			—
Other income (expense), net	—		—			0.2			(0.1		)	—		—			0.1
(Loss) income before income taxes	—		(425.1		)	595.4			15.8			—		—			186.1
Income tax benefit (expense)	—		210.6			(272.6		)	(5.1		)	—		—			(67.1		)
(Loss) income before equity in earnings of subsidiaries	—		(214.5		)	322.8			10.7			—		—			119.0
Equity in earnings of subsidiaries	119.0		333.5			—			—			—		(452.5		)	—
Net income	$	119.0	$	119.0		$	322.8		$	10.7		$	—	$	(452.5	)	$	119.0