Supplemental Guarantor Information (Tables)

3 Months Ended

Mar. 31, 2017

Condensed Income Statements, Captions [Line Items]

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheet
March 31, 2017
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Co-Issuer		Consolidating Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	204.9	$	—		$	70.4		$	—	$	(23.6	)	$	251.7
Accounts receivable, net	—		—		1,680.8			305.0			—		—			1,985.8
Merchandise inventory	—		—		416.7			76.7			—		—			493.4
Miscellaneous receivables	—		89.0		136.7			13.7			—		—			239.4
Prepaid expenses and other	—		17.0		79.1			31.2			—		—			127.3
Total current assets	—		310.9		2,313.3			497.0			—		(23.6		)	3,097.6
Property and equipment, net	—		103.4		48.6			10.4			—		—			162.4
Goodwill	—		751.8		1,439.0			268.3			—		—			2,459.1
Other intangible assets, net	—		288.9		529.9			196.3			—		—			1,015.1
Other assets	3.1		26.3		247.4			1.5			—		(237.8		)	40.5
Investment in and advances to subsidiaries	922.5		2,964.1		(7.6		)	(0.3		)	—		(3,878.7		)	—
Total assets	$	925.6	$	4,445.4	$	4,570.6		$	973.2		$	—	$	(4,140.1	)	$	6,774.7
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable—trade	$	—	$	29.5	$	875.4		$	183.0		$	—	$	(23.6	)	$	1,064.3
Accounts payable—inventory financing	—		0.4		427.3			17.3			—		—			445.0
Current maturities of long-term debt	—		14.9		3.6			—			—		—			18.5
Deferred revenue	—		—		104.4			100.7			—		—			205.1
Accrued expenses	—		203.1		222.3			64.0			—		0.5			489.9
Total current liabilities	—		247.9		1,633.0			365.0			—		(23.1		)	2,222.8
Long-term liabilities:
Debt	—		3,181.2		12.2			68.6			—		—			3,262.0
Deferred income taxes	—		95.8		190.5			67.2			—		(3.1		)	350.4
Other liabilities	—		26.6		5.6			235.2			—		(235.2		)	32.2
Total long-term liabilities	—		3,303.6		208.3			371.0			—		(238.3		)	3,644.6
Total stockholders’ equity	925.6		893.9		2,729.3			237.2			—		(3,878.7		)	907.3
Total liabilities and stockholders’ equity	$	925.6	$	4,445.4	$	4,570.6		$	973.2		$	—	$	(4,140.1	)	$	6,774.7

Condensed Consolidating Balance Sheet
December 31, 2016
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary		Co-Issuer		Consolidating Adjustments			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—	$	222.7	$	3.1	$	37.9	$	—	$	—		$	263.7
Accounts receivable, net	—		—		1,904.9		263.7		—		—			2,168.6
Merchandise inventory	—		—		390.6		61.4		—		—			452.0
Miscellaneous receivables	—		92.6		130.1		12.2		—		—			234.9
Prepaid expenses and other	—		14.3		69.0		35.6		—		—			118.9
Total current assets	—		329.6		2,497.7		410.8		—		—			3,238.1
Property and equipment, net	—		105.6		49.3		8.8		—		—			163.7
Goodwill	—		751.8		1,439.0		264.2		—		—			2,455.0
Other intangible assets, net	—		291.5		565.1		199.0		—		—			1,055.6
Other assets	3.2		19.4		248.2		1.5		—		(236.3		)	36.0
Investment in and advances to subsidiaries	1,042.3		3,026.5		—		—		—		(4,068.8		)	—
Total assets	$	1,045.5	$	4,524.4	$	4,799.3	$	884.3	$	—	$	(4,305.1	)	$	6,948.4
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable-trade	$	—	$	25.9	$	895.3	$	151.7	$	—	$	—		$	1,072.9
Accounts payable-inventory financing	—		1.2		559.5		19.7		—		—			580.4
Current maturities of long-term debt	—		14.9		3.6		—		—		—			18.5
Deferred revenue	—		—		100.8		71.8		—		—			172.6
Accrued expenses	—		173.9		214.8		47.7		—		(0.1		)	436.3
Total current liabilities	—		215.9		1,774.0		290.9		—		(0.1		)	2,280.7
Long-term liabilities:
Debt	—		3,136.3		12.1		67.5		—		—			3,215.9
Deferred income taxes	—		99.1		205.4		67.9		—		(3.2		)	369.2
Other liabilities	—		30.8		3.6		235.7		—		(233.0		)	37.1
Total long-term liabilities	—		3,266.2		221.1		371.1		—		(236.2		)	3,622.2
Total stockholders’ equity	1,045.5		1,042.3		2,804.2		222.3		—		(4,068.8		)	1,045.5
Total liabilities and stockholders’ equity	$	1,045.5	$	4,524.4	$	4,799.3	$	884.3	$	—	$	(4,305.1	)	$	6,948.4

Consolidating Statements of Operations

Consolidating Statement of Operations
Three Months Ended March 31, 2016
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	2,761.7		$	355.0		$	—	$	—		$	3,116.7
Cost of sales	—		—			2,291.4			300.8			—		—			2,592.2
Gross profit	—		—			470.3			54.2			—		—			524.5
Selling and administrative expenses	—		23.6			260.7			45.0			—		—			329.3
Advertising expense	—		—			33.0			1.2			—		—			34.2
Income (loss) from operations	—		(23.6		)	176.6			8.0			—		—			161.0
Interest (expense) income, net	—		(37.5		)	1.4			(2.0		)	—		—			(38.1		)
Other income	—		—			0.6			0.4			—		—			1.0
Income (loss) before income taxes	—		(61.1		)	178.6			6.4			—		—			123.9
Income tax benefit (expense)	—		23.4			(67.6		)	(1.9		)	—		—			(46.1		)
Income (loss) before equity in earnings of subsidiaries	—		(37.7		)	111.0			4.5			—		—			77.8
Equity in earnings of subsidiaries	77.8		115.5			—			—			—		(193.3		)	—
Net income	$	77.8	$	77.8		$	111.0		$	4.5		$	—	$	(193.3	)	$	77.8

Consolidating Statement of Operations
Three Months Ended March 31, 2017
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	2,951.5		$	373.2		$	—	$	—		$	3,324.7
Cost of sales	—		—			2,459.1			313.0			—		—			2,772.1
Gross profit	—		—			492.4			60.2			—		—			552.6
Selling and administrative expenses	—		31.5			269.7			46.2			—		—			347.4
Advertising expense	—		—			34.0			1.4			—		—			35.4
Income (loss) from operations	—		(31.5		)	188.7			12.6			—		—			169.8
Interest (expense) income, net	—		(39.1		)	1.0			(1.6		)	—		—			(39.7		)
Net loss on extinguishments of long-term debt	—		(57.4		)	—			—			—		—			(57.4		)
Other income	—		—			0.2			0.7			—		—			0.9
Income (loss) before income taxes	—		(128.0		)	189.9			11.7			—		—			73.6
Income tax benefit (expense)	—		57.3			(70.3		)	(3.0		)	—		—			(16.0		)
Income (loss) before equity in earnings of subsidiaries	—		(70.7		)	119.6			8.7			—		—			57.6
Equity in earnings of subsidiaries	57.6		128.3			—			—			—		(185.9		)	—
Net income	$	57.6	$	57.6		$	119.6		$	8.7		$	—	$	(185.9	)	$	57.6

Condensed Statement of Comprehensive Income [Table Text Block]

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2016
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	70.0	$	70.0	$	111.0	$	(3.3	)	$	—	$	(177.7	)	$	70.0

Condensed Consolidating Statement of Comprehensive Income
Three Months Ended March 31, 2017
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	63.7	$	63.7	$	119.7	$	15.1	$	—	$	(198.5	)	$	63.7

Condensed Consolidating Statements Cash Flows

Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2017
(in millions)	Parent Guarantor				Subsidiary Issuer				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Co-Issuer			Consolidating Adjustments				Consolidated
Net cash provided by (used in) operating activities	$	—			$	24.5			$	333.2			$	38.2			$	—		$	(26.0	)		$	369.9
Cash flows from investing activities:
Capital expenditures	—				(14.6		)		(2.4		)		(2.6		)		—			—				(19.6		)
Net cash used in investing activities	—				(14.6		)		(2.4		)		(2.6		)		—			—				(19.6		)
Cash flows from financing activities:
Proceeds from borrowings under revolving credit facility	—				38.0				—				6.1				—			—				44.1
Repayments of borrowings under revolving credit facility	—				—				—				(6.1		)		—			—				(6.1		)
Repayments of long-term debt and revolving loan	—				(3.7		)		—				—				—			—				(3.7		)
Proceeds from the issuance of long-term debt	—				2,083.0				—				—				—			—				2,083.0
Payments to extinguish long-term debt	—				(2,121.3		)		—				—				—			—				(2,121.3		)
Payments of debt financing costs	—				(9.6		)		—				—				—			—				(9.6		)
Net change in accounts payable-inventory financing	—				(0.9		)		(132.2		)		(2.6		)		—			—				(135.7		)
Proceeds from stock option exercises	—				4.4				—				—				—			—				4.4
Proceeds from Coworker Stock Purchase Plan	—				2.1				—				—				—			—				2.1
Repurchases of common stock	(175.4		)		—				—				—				—			—				(175.4		)
Payment of incentive compensation plan withholding taxes	—				(10.4		)		(7.7		)		(0.2		)		—			—				(18.3		)
Dividends	(25.5		)		—				—				—				—			—				(25.5		)
Principal payments under capital lease obligations	—				—				—				(0.2		)		—			—				(0.2		)
Distributions and advances from (to) affiliates	200.9				(9.3		)		(194.0		)		—				—			2.4				—
Net cash (used in) provided by financing activities	—			—	(27.7		)	—	(333.9		)	—	(3.0		)	—	—		—	2.4			—	(362.2		)
Effect of exchange rate changes on cash and cash equivalents	—				—				—				(0.1		)		—			—				(0.1		)
Net increase in cash and cash equivalents	—				(17.8		)		(3.1		)		32.5				—			(23.6		)		(12.0		)
Cash and cash equivalents—beginning of period	—				222.7				3.1				37.9				—			—				263.7
Cash and cash equivalents—end of period	$	—			$	204.9			$	—			$	70.4			$	—		$	(23.6	)		$	251.7

Condensed Consolidating Statement of Cash Flows
Three Months Ended March 31, 2016
(in millions)	Parent Guarantor			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiary			Co-Issuer		Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	—		$	(16.8	)	$	377.9		$	42.1		$	—	$	24.6		$	427.8
Cash flows from investing activities:
Capital expenditures	—			(9.9		)	(0.5		)	(0.6		)	—		—			(11.0		)
Net cash used in investing activities	—			(9.9		)	(0.5		)	(0.6		)	—		—			(11.0		)
Cash flows from financing activities:
Proceeds from borrowings under revolving credit facility	—			63.4			—			—			—		—			63.4
Repayments of borrowings under revolving credit facility	—			(63.4		)	—			—			—		—			(63.4		)
Repayments of long-term debt	—			(3.9		)	—			(2.8		)	—		—			(6.7		)
Net change in accounts payable - inventory financing	—			—			(72.9		)	6.4			—		—			(66.5		)
Proceeds from stock option exercises	—			1.2			—			—			—		—			1.2
Proceeds from Coworker Stock Purchase Plan	—			1.9			—			—			—		—			1.9
Repurchases of common stock	(118.0		)	—			—			—			—		—			(118.0		)
Dividends	(18.0		)	—			—			—			—		—			(18.0		)
Principal payments under capital lease obligations	—			—			—			(0.5		)	—		—			(0.5		)
Distributions and advances from (to) affiliates	136.0			167.8			(304.5		)	5.7			—		(5.0		)	—
Net cash (used in) provided by financing activities	—			167.0			(377.4		)	8.8			—		(5.0		)	(206.6		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			0.4			—		—			0.4
Net (decrease) increase in cash and cash equivalents	—			140.3			—			50.7			—		19.6			210.6
Cash and cash equivalents—beginning of period	—			45.1			—			31.9			—		(39.4		)	37.6
Cash and cash equivalents—end of period	$	—		$	185.4		$	—		$	82.6		$	—	$	(19.8	)	$	248.2