Supplemental Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2017

Supplemental Guarantor Information [Abstract]

Schedule of Condensed Balance Sheet

Condensed Consolidating Balance Sheet
December 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	$	—	$	113.7	$	—	$	32.4	$	—	$	(1.9	)	$	144.2
Accounts receivable, net	—		—		2,007.7		312.8		—		—			2,320.5
Merchandise inventory	—		—		375.7		73.8		—		—			449.5
Miscellaneous receivables	—		103.9		205.0		27.6		—		—			336.5
Prepaid expenses and other	—		18.0		61.4		48.0		—		—			127.4
Total current assets	—		235.6		2,649.8		494.6		—		(1.9		)	3,378.1
Property and equipment, net	—		95.0		43.5		22.6		—		—			161.1
Goodwill	—		751.8		1,439.0		288.8		—		—			2,479.6
Other intangible assets, net	—		280.1		424.5		192.4		—		—			897.0
Other assets	1.7		30.7		217.3		2.6		—		(211.5		)	40.8
Investment in and advances to subsidiaries	981.2		3,063.5		—		—		—		(4,044.7		)	—
Total Assets	$	982.9	$	4,456.7	$	4,774.1	$	1,001.0	$	—	$	(4,258.1	)	$	6,956.6
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable-trade	$	—	$	42.5	$	1,112.1	$	165.0	$	—	$	(1.9	)	$	1,317.7
Accounts payable-inventory financing	—		1.0		480.9		16.1		—		—			498.0
Current maturities of long-term debt	—		14.9		3.8		6.8		—		—			25.5
Deferred revenue	—		—		104.5		89.5		—		—			194.0
Accrued expenses	—		173.3		222.3		83.8		—		—			479.4
Total current liabilities	—		231.7		1,923.6		361.2		—		(1.9		)	2,514.6
Long-term liabilities:
Debt	—		3,134.2		8.3		67.5		—		—			3,210.0
Deferred income taxes	—		66.5		100.1		31.4		—		(1.7		)	196.3
Other liabilities	—		43.1		4.6		214.9		—		(209.8		)	52.8
Total long-term liabilities	—		3,243.8		113.0		313.8		—		(211.5		)	3,459.1
Total stockholders’ equity	982.9		981.2		2,737.5		326.0		—		(4,044.7		)	982.9
Total Liabilities and Stockholders’ Equity	$	982.9	$	4,456.7	$	4,774.1	$	1,001.0	$	—	$	(4,258.1	)	$	6,956.6

Condensed Consolidating Balance Sheet
December 31, 2016
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		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

Schedule of Condensed Income Statement

Consolidating Statement of Operations
Year Ended December 31, 2017
(in millions)	Parent Guarantor			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—		$	—		$	13,631.0		$	1,560.5		$	—	$	—		$	15,191.5
Cost of sales	—			—			11,436.1			1,305.5			—		—			12,741.6
Gross profit	—			—			2,194.9			255.0			—		—			2,449.9
Selling and administrative expenses	—			127.2			1,093.1			189.8			—		—			1,410.1
Advertising expense	—			—			166.4			7.3			—		—			173.7
Income (loss) from operations	—			(127.2		)	935.4			57.9			—		—			866.1
Interest (expense) income, net	—			(148.3		)	4.1			(6.3		)	—		—			(150.5		)
Net loss on extinguishments of long-term debt	—			(57.4		)	—			—			—		—			(57.4		)
Other income (expense), net	—			(0.1		)	0.7			1.5			—		—			2.1
Income (loss) before income taxes	—			(333.0		)	940.2			53.1			—		—			660.3
Income tax (expense) benefit	(0.9		)	149.9			(269.7		)	(16.6		)	—		—			(137.3		)
Income (loss) before equity in earnings of subsidiaries	(0.9		)	(183.1		)	670.5			36.5			—		—			523.0
Equity in earnings of subsidiaries	523.9			707.0			—			—			—		(1,230.9		)	—
Net income	$	523.0		$	523.9		$	670.5		$	36.5		$	—	$	(1,230.9	)	$	523.0

Consolidating Statement of Operations
Year Ended December 31, 2016
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	12,619.3		$	1,362.6		$	—	$	—		$	13,981.9
Cost of sales	—		—			10,514.4			1,140.3			—		—			11,654.7
Gross profit	—		—			2,104.9			222.3			—		—			2,327.2
Selling and administrative expenses	—		114.8			1,057.4			172.9			—		—			1,345.1
Advertising expense	—		—			157.2			5.7			—		—			162.9
Income (loss) from operations	—		(114.8		)	890.3			43.7			—		—			819.2
Interest (expense) income, net	—		(145.8		)	6.7			(7.4		)	—		—			(146.5		)
Net loss on extinguishments of long-term debt	—		(2.1		)	—			—			—		—			(2.1		)
Other income, net	—		0.2			1.0			0.6			—		—			1.8
Income (loss) before income taxes	—		(262.5		)	898.0			36.9			—		—			672.4
Income tax (expense) benefit	—		79.9			(319.9		)	(8.0		)	—		—			(248.0		)
Income (loss) before equity in earnings of subsidiaries	—		(182.6		)	578.1			28.9			—		—			424.4
Equity in earnings of subsidiaries	424.4		607.0			—			—			—		(1,031.4		)	—
Net income	$	424.4	$	424.4		$	578.1		$	28.9		$	—	$	(1,031.4	)	$	424.4

Consolidating Statement of Operations
Year Ended December 31, 2015
(in millions)	Parent Guarantor		Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Co-Issuer		Consolidating Adjustments			Consolidated
Net sales	$	—	$	—		$	12,151.2		$	837.5		$	—	$	—		$	12,988.7
Cost of sales	—		—			10,158.6			714.3			—		—			10,872.9
Gross profit	—		—			1,992.6			123.2			—		—			2,115.8
Selling and administrative expenses	—		114.5			1,020.9			90.6			—		—			1,226.0
Advertising expense	—		—			143.2			4.6			—		—			147.8
Income (loss) from operations	—		(114.5		)	828.5			28.0			—		—			742.0
Interest (expense) income, net	—		(158.3		)	2.3			(3.5		)	—		—			(159.5		)
Net loss on extinguishments of long-term debt	—		(24.3		)	—			—			—		—			(24.3		)
Management fee	—		4.2			—			(4.2		)	—		—			—
Gain on remeasurement of equity investment	—		—			—			98.1			—		—			98.1
Other (expense) income, net	—		(11.1		)	1.6			0.2			—		—			(9.3		)
Income (loss) before income taxes	—		(304.0		)	832.4			118.6			—		—			647.0
Income tax (expense) benefit	—		103.3			(307.2		)	(40.0		)	—		—			(243.9		)
Income (loss) before equity in earnings of subsidiaries	—		(200.7		)	525.2			78.6			—		—			403.1
Equity in earnings of subsidiaries	403.1		603.8			—			—			—		(1,006.9		)	—
Net income	$	403.1	$	403.1		$	525.2		$	78.6		$	—	$	(1,006.9	)	$	403.1

Schedule of Condensed Comprehensive Income (Loss)

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2017
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	566.7	$	567.6	$	670.5	$	80.0	$	—	$	(1,318.1	)	$	566.7

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2016
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income (loss)	$	345.9	$	345.9	$	578.1	$	(49.6	)	$	—	$	(874.4	)	$	345.9

Condensed Consolidating Statement of Comprehensive Income
Year Ended December 31, 2015
(in millions)	Parent Guarantor		Subsidiary Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Co-Issuer		Consolidating Adjustments			Consolidated
Comprehensive income	$	358.6	$	358.6	$	525.2	$	34.1	$	—	$	(917.9	)	$	358.6

Schedule of Condensed Cash Flow Statement

Condensed Consolidating Statement of Cash Flows
Year Ended December 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	$	0.6		$	(71.1	)	$	788.5		$	52.3		$	—	$	7.4		$	777.7
Cash flows used in investing activities:
Capital expenditures	—			(55.2		)	(6.3		)	(19.6		)	—		—			(81.1		)
Net cash used in investing activities	—			(55.2		)	(6.3		)	(19.6		)	—		—			(81.1		)
Cash flows (used in) provided by: financing activities:
Proceeds from borrowings under revolving credit facility	—			1,501.5			—			59.2			—		—			1,560.7
Repayments of borrowings under revolving credit facility	—			(1,501.5		)	—			(59.2		)	—		—			(1,560.7		)
Repayments of long-term debt	—			(14.9		)	—			—			—		—			(14.9		)
Proceeds from issuance of long-term debt	—			2,083.0			—			—			—		—			2,083.0
Payments to extinguish long-term debt	—			(2,121.3		)	—			—			—		—			(2,121.3		)
Net change in other long-term obligation	—			—			(3.8		)	—			—		—			(3.8		)
Payment of debt financing costs	—			(9.6		)	—			—			—		—			(9.6		)
Net change in accounts payable-inventory financing	—			(0.2		)	(78.4		)	(5.4		)	—		—			(84.0		)
Effective portion of interest rate cap agreements	—			0.4			—			—			—		—			0.4
Proceeds from stock option exercises	—			13.0			—			—			—		—			13.0
Proceeds from Coworker stock purchase plan	—			10.3			—			—			—		—			10.3
Repurchases of common stock	(534.0		)	—			—			—			—		—			(534.0		)
Payment of incentive compensation plan withholding taxes	(49.6		)	—			—			—			—		—			(49.6		)
Dividends	(106.9		)	—			—			—			—		—			(106.9		)
Principal payments under capital lease obligations	—			—			(0.2		)	(1.1		)	—		—			(1.3		)
Repayment of intercompany loan	—			—			34.3			(34.3		)	—		—			—
Distributions and advances from (to) affiliates	689.9			56.6			(737.2		)	—			—		(9.3		)	—
Net cash (used in) provided by financing activities	(0.6		)	17.3			(785.3		)	(40.8		)	—		(9.3		)	(818.7		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			2.6			—		—			2.6
Net decrease in cash and cash equivalents	—			(109.0		)	(3.1		)	(5.5		)	—		(1.9		)	(119.5		)
Cash and cash equivalents – beginning of period	—			222.7			3.1			37.9			—		—			263.7
Cash and cash equivalents – end of period	$	—		$	113.7		$	—		$	32.4		$	—	$	(1.9	)	$	144.2

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2016
(in millions)	Parent Guarantor			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Co-Issuer		Consolidating Adjustments			Consolidated
Net cash provided by (used in) operating activities	$	—		$	(158.5	)	$	695.5		$	56.1		$	—	$	10.9		$	604.0
Cash flows used in investing activities:
Capital expenditures	—			(50.9		)	(7.6		)	(5.0		)	—		—			(63.5		)
Premium payments on interest rate cap agreements	—			(2.4		)	—			—			—		—			(2.4		)
Net cash used in investing activities	—			(53.3		)	(7.6		)	(5.0		)	—		—			(65.9		)
Cash flows (used in) provided by financing activities:
Proceeds from borrowings under revolving credit facility	—			329.6			—			9.2			—		—			338.8
Repayments of borrowings under revolving credit facility	—			(329.6		)	—			(9.2		)	—		—			(338.8		)
Repayments of long-term debt	—			(15.2		)	—			(5.4		)	—		—			(20.6		)
Proceeds from issuance of long-term debt	—			1,483.0			—			—			—		—			1,483.0
Payments to extinguish long-term debt	—			(1,490.4		)	—			—			—		—			(1,490.4		)
Net change in other long-term obligation	—			—			15.7			—			—		—			15.7
Payment of debt financing costs	—			(4.5		)	—			(1.4		)	—		—			(5.9		)
Net change in accounts payable - inventory financing	—			1.5			131.0			11.1			—		—			143.6
Proceeds from stock option exercises	—			7.4			—			—			—		—			7.4
Proceeds from Coworker Stock Purchase Plan	—			9.3			—			—			—		—			9.3
Repurchases of common stock	(367.4		)	—			—			—			—		—			(367.4		)
Dividends	(78.7		)	—			—			—			—		—			(78.7		)
Principal payments under capital lease obligations	—			—			1.0			(1.6		)	—		—			(0.6		)
Repayment of intercompany loan	—			—			40.4			(40.4		)	—		—			—
Distributions and advances from (to) affiliates	446.1			398.3			(872.9		)	—			—		28.5			—
Net cash (used in) provided by financing activities	—			389.4			(684.8		)	(37.7		)	—		28.5			(304.6		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(7.4		)	—		—			(7.4		)
Net increase in cash and cash equivalents	—			177.6			3.1			6.0			—		39.4			226.1
Cash and cash equivalents—beginning of period	—			45.1			—			31.9			—		(39.4		)	37.6
Cash and cash equivalents—end of period	$	—		$	222.7		$	3.1		$	37.9		$	—	$	—		$	263.7

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2015
(in millions)	Parent Guarantor			Subsidiary Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Co-Issuer		Consolidating Adjustments			Consolidated
Net cash provided (used in) by operating activities	$	0.5		$	(18.1	)	$	350.0		$	27.9		$	—	$	(82.8	)	$	277.5
Cash flows from investing activities:
Capital expenditures	—			(75.4		)	(11.6		)	(3.1		)	—		—			(90.1		)
Premium payments on interest rate cap agreements	—			(0.5		)	—			—			—		—			(0.5		)
Acquisition of business, net of cash acquired	—			—			—			(263.8		)	—		—			(263.8		)
Net cash used in investing activities	—			(75.9		)	(11.6		)	(266.9		)	—		—			(354.4		)
Cash flows from financing activities:
Proceeds from borrowings under revolving credit facility	—			314.5			—			—			—		—			314.5
Repayments of borrowings under revolving credit facility	—			(314.5		)	—			—			—		—			(314.5		)
Repayments of long-term debt	—			(15.4		)	—			(17.4		)	—		—			(32.8		)
Proceeds from issuance of long-term debt	—			525.0			—			—			—		—			525.0
Payments to extinguish long-term debt	—			(525.3		)	—			—			—		—			(525.3		)
Payment of debt financing costs	—			(6.8		)	—			—			—		—			(6.8		)
Net change in accounts payable-inventory financing	—			—			96.1			(0.2		)	—		—			95.9
Proceeds from stock option exercises	—			2.4			—			—			—		—			2.4
Proceeds from Coworker stock purchase plan	—			8.7			—			—			—		—			8.7
Repurchases of common stock	(241.3		)	—			—			—			—		—			(241.3		)
Payment of incentive compensation plan withholding taxes	—			0.6			—			—			—		—			0.6
Dividends	(52.9		)	—			—			—			—		—			(52.9		)
Distributions and advances from (to) affiliates	293.7			(196.5		)	(434.5		)	267.4			—		69.9			—
Net cash (used in) provided by financing activities	(0.5		)	(207.3		)	(338.4		)	249.8			—		69.9			(226.5		)
Effect of exchange rate changes on cash and cash equivalents	—			—			—			(3.5		)	—		—			(3.5		)
Net (decrease) increase in cash and cash equivalents	—			(301.3		)	—			7.3			—		(12.9		)	(306.9		)
Cash and cash equivalents – beginning of period	—			346.4			—			24.6			—		(26.5		)	344.5
Cash and cash equivalents – end of period	$	—		$	45.1		$	—		$	31.9		$	—	$	(39.4	)	$	37.6