XML 131 R116.htm IDEA: XBRL DOCUMENT v3.19.1
Guarantor Subsidiaries - Condensed Consolidating Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Condensed Income Statements, Captions [Line Items]                      
Total $ 537.5 $ 485.0 $ 524.8 $ 503.6 $ 517.9 $ 436.7 $ 453.8 $ 443.2 $ 2,050.9 $ 1,851.6 $ 1,712.5
Cost of sales                 1,266.1 1,145.1 1,086.1
Gross profit 201.8 184.3 203.2 195.5 198.7 170.1 173.6 164.1 784.8 706.5 626.4
Selling, general and administrative expenses                 433.1 393.8 356.1
Restructuring and other similar charges                 12.1 14.1 26.1
Amortization of intangible assets                 34.0 32.2 41.0
Income from operations                 305.6 266.4 203.2
Interest income (expense), net:                      
To third parties                 (69.9) (75.1) (88.3)
To affiliates                 0.0 0.0 0.0
Gain (loss) on the extinguishment of debt                 4.3 (11.9) (7.8)
Other (expense) income, net                 (1.2) 7.7 0.2
Income from continuing operations before income taxes                 238.8 187.1 107.3
Provision for income taxes                 (53.4) 19.5 (15.6)
Equity method investment income                 3.6 0.0 0.0
Income (loss) before equity in income of subsidiaries                 189.0 206.6 91.7
Equity in earnings (loss) of subsidiaries                 0.0 0.0 0.0
Net income from continuing operations 47.7 52.9 46.2 42.2 58.0 85.9 33.3 29.4 189.0 206.6 91.7
Loss from discontinued operations (0.4) (27.8) (83.7) (42.8) (119.9) (4.3) (3.5) (2.9) (154.7) (130.6) (17.6)
Net income (loss) 47.3 25.1 (37.5) (0.6) (61.9) 81.6 29.8 26.5 34.3 76.0 74.1
Non-controlling interest income 0.1 (0.3) 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.1 0.0
Net income (loss) attributable to Rexnord 47.2 25.4 (37.6) (0.7) (62.0) 81.6 29.8 26.5 34.3 75.9 74.1
Dividends on preferred stock (5.8) (5.8) (5.8) (5.8) (5.8) (5.8) (5.8) (5.8) (23.2) (23.2) (7.3)
Net income (loss) attributable to Rexnord common stockholders $ 41.4 $ 19.6 $ (43.4) $ (6.5) $ (67.8) $ 75.8 $ 24.0 $ 20.7 11.1 52.7 66.8
Comprehensive income (loss)                 11.8 138.9 76.1
Eliminations                      
Condensed Income Statements, Captions [Line Items]                      
Total                 (186.7) (172.6) (115.0)
Cost of sales                 (186.7) (172.6) (115.0)
Gross profit                 0.0 0.0 0.0
Selling, general and administrative expenses                 0.0 0.0 0.0
Restructuring and other similar charges                 0.0 0.0 0.0
Amortization of intangible assets                 0.0 0.0 0.0
Income from operations                 0.0 0.0 0.0
Interest income (expense), net:                      
To third parties                 0.0 0.0 0.0
To affiliates                 0.0 0.0 0.0
Gain (loss) on the extinguishment of debt                 0.0 0.0 0.0
Other (expense) income, net                 0.0 0.0 0.0
Income from continuing operations before income taxes                 0.0 0.0 0.0
Provision for income taxes                 0.0 0.0 0.0
Equity method investment income                 0.0    
Income (loss) before equity in income of subsidiaries                 0.0 0.0 0.0
Equity in earnings (loss) of subsidiaries                 (19.6) (236.5) (181.0)
Net income from continuing operations                 (19.6) (236.5) (181.0)
Loss from discontinued operations                 0.0 0.0 0.0
Net income (loss)                 (19.6) (236.5) (181.0)
Non-controlling interest income                 0.0 0.0 0.0
Net income (loss) attributable to Rexnord                 (19.6) (236.5) (181.0)
Dividends on preferred stock                 0.0 0.0 0.0
Net income (loss) attributable to Rexnord common stockholders                 (19.6) (236.5) (181.0)
Comprehensive income (loss)                 (19.6) (236.5) (181.0)
Parent                      
Condensed Income Statements, Captions [Line Items]                      
Total                 0.0 0.0 0.0
Cost of sales                 0.0 0.0 0.0
Gross profit                 0.0 0.0 0.0
Selling, general and administrative expenses                 0.0 0.0 0.0
Restructuring and other similar charges                 0.0   0.0
Amortization of intangible assets                 0.0 0.0 0.0
Income from operations                 0.0 0.0 0.0
Interest income (expense), net:                      
To third parties                 0.0 0.0 0.0
To affiliates                 2.0 3.0 1.1
Gain (loss) on the extinguishment of debt                 0.0 0.0 0.0
Other (expense) income, net                 0.0 0.0 0.0
Income from continuing operations before income taxes                 2.0 3.0 1.1
Provision for income taxes                 0.0 0.0 0.0
Equity method investment income                 0.0    
Income (loss) before equity in income of subsidiaries                 2.0 3.0 1.1
Equity in earnings (loss) of subsidiaries                 32.3 73.0 73.0
Net income from continuing operations                 34.3 76.0 74.1
Loss from discontinued operations                 0.0 0.0 0.0
Net income (loss)                 34.3 76.0 74.1
Non-controlling interest income                 0.0 0.0 0.0
Net income (loss) attributable to Rexnord                 34.3 76.0 74.1
Dividends on preferred stock                 (23.2) (23.2) (7.3)
Net income (loss) attributable to Rexnord common stockholders                 11.1 52.8 66.8
Comprehensive income (loss)                 34.3 76.0 74.1
Issuers                      
Condensed Income Statements, Captions [Line Items]                      
Total                 0.0 0.0 0.0
Cost of sales                 0.0 0.0 0.0
Gross profit                 0.0 0.0 0.0
Selling, general and administrative expenses                 0.0 0.0 0.0
Restructuring and other similar charges                 0.0 0.0 0.0
Amortization of intangible assets                 0.0 0.0 0.0
Income from operations                 0.0 0.0 0.0
Interest income (expense), net:                      
To third parties                 (68.2) (75.3) (88.1)
To affiliates                 61.7 27.4 74.3
Gain (loss) on the extinguishment of debt                 (0.7) (11.9) (7.8)
Other (expense) income, net                 0.3 0.0 (0.3)
Income from continuing operations before income taxes                 (6.9) (59.8) (21.9)
Provision for income taxes                 0.0 0.0 (0.1)
Equity method investment income                 0.0    
Income (loss) before equity in income of subsidiaries                 (6.9) (59.8) (22.0)
Equity in earnings (loss) of subsidiaries                 39.2 132.8 95.0
Net income from continuing operations                 32.3 73.0 73.0
Loss from discontinued operations                 0.0 0.0 0.0
Net income (loss)                 32.3 73.0 73.0
Non-controlling interest income                 0.0 0.0 0.0
Net income (loss) attributable to Rexnord                 32.3 73.0 73.0
Dividends on preferred stock                 0.0 0.0 0.0
Net income (loss) attributable to Rexnord common stockholders                 32.3 73.0 73.0
Comprehensive income (loss)                 22.5 89.2 77.5
Guarantor Subsidiaries                      
Condensed Income Statements, Captions [Line Items]                      
Total                 1,565.0 1,457.3 1,372.3
Cost of sales                 977.1 910.3 878.0
Gross profit                 587.9 547.0 494.3
Selling, general and administrative expenses                 328.8 310.5 286.1
Restructuring and other similar charges                 7.6 12.8 24.9
Amortization of intangible assets                 27.5 26.6 35.1
Income from operations                 224.0 197.1 148.2
Interest income (expense), net:                      
To third parties                 (2.0) (0.4) (0.4)
To affiliates                 (53.2) (13.1) (53.4)
Gain (loss) on the extinguishment of debt                 5.0 0.0 0.0
Other (expense) income, net                 4.1 (1.3) (0.4)
Income from continuing operations before income taxes                 177.9 182.3 94.0
Provision for income taxes                 (44.5) 39.7 (0.4)
Equity method investment income                 0.0    
Income (loss) before equity in income of subsidiaries                 133.4 222.0 93.6
Equity in earnings (loss) of subsidiaries                 (51.9) 30.7 13.0
Net income from continuing operations                 81.5 252.7 106.6
Loss from discontinued operations                 (42.3) (119.9) (11.6)
Net income (loss)                 39.2 132.8 95.0
Non-controlling interest income                 0.0 0.0 0.0
Net income (loss) attributable to Rexnord                 39.2 132.8 95.0
Dividends on preferred stock                 0.0 0.0 0.0
Net income (loss) attributable to Rexnord common stockholders                 39.2 132.8 95.0
Comprehensive income (loss)                 34.1 135.6 86.0
Non-Guarantor Subsidiaries                      
Condensed Income Statements, Captions [Line Items]                      
Total                 672.6 566.9 455.2
Cost of sales                 475.7 407.4 323.1
Gross profit                 196.9 159.5 132.1
Selling, general and administrative expenses                 104.3 83.3 70.0
Restructuring and other similar charges                 4.5 1.3 1.2
Amortization of intangible assets                 6.5 5.6 5.9
Income from operations                 81.6 69.3 55.0
Interest income (expense), net:                      
To third parties                 0.3 0.6 0.2
To affiliates                 (10.5) (17.3) (22.0)
Gain (loss) on the extinguishment of debt                 0.0 0.0 0.0
Other (expense) income, net                 (5.6) 9.0 0.9
Income from continuing operations before income taxes                 65.8 61.6 34.1
Provision for income taxes                 (8.9) (20.2) (15.1)
Equity method investment income                 3.6    
Income (loss) before equity in income of subsidiaries                 60.5 41.4 19.0
Equity in earnings (loss) of subsidiaries                 0.0 0.0 0.0
Net income from continuing operations                 60.5 41.4 19.0
Loss from discontinued operations                 (112.4) (10.7) (6.0)
Net income (loss)                 (51.9) 30.7 13.0
Non-controlling interest income                 0.0 0.1 0.0
Net income (loss) attributable to Rexnord                 (51.9) 30.6 13.0
Dividends on preferred stock                 0.0 0.0 0.0
Net income (loss) attributable to Rexnord common stockholders                 (51.9) 30.6 13.0
Comprehensive income (loss)                 $ (59.5) $ 74.6 $ 19.5