

23.	Condensed Consolidating Financial Statements

MIFSA is a holding company established to own, directly or indirectly, substantially all of the operating subsidiaries of the Company, to issue debt securities and to perform treasury operations.

MIFSA is the borrower under the Notes, which are fully and unconditionally guaranteed by Mallinckrodt plc. The following information provides the composition of the Company's comprehensive income, assets, liabilities, equity and cash flows by relevant group within the Company: Mallinckrodt plc as guarantor of the Notes, MIFSA as issuer of the Notes and the operating companies that represent assets of MIFSA. There are no subsidiary guarantees related to the Notes.

Set forth below are the condensed consolidating balance sheets as of December 29, 2017 and December 30, 2016 and condensed consolidating statements of comprehensive income and cash flows for the fiscal three years ended December 29, 2017 and the three months ended December 30, 2016. Eliminations represent adjustments to eliminate investments in subsidiaries and intercompany balances and transactions between or among Mallinckrodt plc, MIFSA and the other subsidiaries. Condensed consolidating financial information for Mallinckrodt plc and MIFSA, on a standalone basis, has been presented using the equity method of accounting for subsidiaries.

MALLINCKRODT PLC

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 29, 2017

(in millions)



	Mallinckrodt plc		Mallinckrodt International Finance S.A.		Other Subsidiaries		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents	$	0.7	$	908.8	$	351.4	$	—		$	1,260.9
Accounts receivable, net	—		—		445.8		—			445.8
Inventories	—		—		340.4		—			340.4
Deferred income taxes	—		—		—		—			—
Prepaid expenses and other current assets	1.0		0.2		82.9		—			84.1
Notes receivable	—		—		154.0		—			154.0
Current assets held for sale	—		—				—			—
Intercompany receivable	70.0		173.4		831.4		(1,074.8		)	—
Total current assets	71.7		1,082.4		2,205.9		(1,074.8		)	2,285.2
Property, plant and equipment, net	—		—		966.8		—			966.8
Goodwill	—		—		3,482.7		—			3,482.7
Intangible assets, net	—		—		8,375.0		—			8,375.0
Long-term assets held for sale	—		—		—		—			—
Investment in subsidiaries	6,551.6		23,217.8		12,356.2		(42,125.6		)	—
Intercompany loan receivable	593.1		—		4,664.8		(5,257.9		)	—
Other assets	—		—		171.2		—			171.2
Total Assets	$	7,216.4	$	24,300.2	$	32,222.6	$	(48,458.3	)	$	15,280.9
										—
Liabilities and Shareholders' Equity
Current Liabilities:
Current maturities of long-term debt	$	—	$	313.5	$	0.2	$	—		$	313.7
Accounts payable	0.1		—		113.2		—			113.3
Accrued payroll and payroll-related costs	—		—		98.5		—			98.5
Accrued interest	—		53.0		4.0		—			57.0
Income taxes payable	—		—		15.8		—			15.8
Accrued and other current liabilities	0.8		0.4		450.9		—			452.1
Current liabilities held for sale	—		—		—		—			—
Intercompany payable	693.5		104.6		276.7		(1,074.8		)	—
Total current liabilities	694.4		471.5		959.3		(1,074.8		)	1,050.4
Long-term debt	—		6,206.8		214.1		—			6,420.9
Pension and postretirement benefits	—		—		67.1		—			67.1
Environmental liabilities	—		—		73.2		—			73.2
Deferred income taxes	—		—		689.0		—			689.0
Other income tax liabilities	—		—		94.1		—			94.1
Long-term liabilities held for sale	—		—		—		—			—
Intercompany loans payable	—		5,257.9		—		(5,257.9		)	—
Other liabilities	—		7.8		356.4		—			364.2
Total liabilities	694.4		11,944.0		2,453.2		(6,332.7		)	8,758.9
Shareholders' equity	6,522.0		12,356.2		29,769.4		(42,125.6		)	6,522.0
Total Liabilities and Shareholders' Equity	$	7,216.4	$	24,300.2	$	32,222.6	$	(48,458.3	)	$	15,280.9

MALLINCKRODT PLC

CONDENSED CONSOLIDATING BALANCE SHEET

As of December 30, 2016

(in millions)



	Mallinckrodt plc		Mallinckrodt International Finance S.A.		Other Subsidiaries		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents	$	0.5	$	44.5	$	297.0	$	—		$	342.0
Accounts receivable, net	—		—		431.0		—			431.0
Inventories	—		—		350.7		—			350.7
Deferred income taxes	—		—		—		—			—
Prepaid expenses and other current assets	1.0		—		130.9		—			131.9
Notes receivable	—		—		—		—			—
Current assets held for sale	—		—		310.9		—			310.9
Intercompany receivable	59.7		65.1		1,081.3		(1,206.1		)	—
Total current assets	61.2		109.6		2,601.8		(1,206.1		)	1,566.5
Property, plant and equipment, net	—		—		881.5		—			881.5
Goodwill	—		—		3,498.1		—			3,498.1
Intangible assets, net	—		—		9,000.5		—			9,000.5
Long-term assets held for sale	—		—		—		—			—
Investment in subsidiaries	5,534.1		20,624.1		10,988.5		(37,146.7		)	—
Intercompany loan receivable	3.5		—		3,325.9		(3,329.4		)	—
Other assets	—		—		259.7		—			259.7
Total Assets	$	5,598.8	$	20,733.7	$	30,556.0	$	(41,682.2	)	$	15,206.3

Liabilities and Shareholders' Equity
Current Liabilities:
Current maturities of long-term debt	$	—	$	19.7	$	251.5	$	—		$	271.2
Accounts payable	0.1		0.1		111.9		—			112.1
Accrued payroll and payroll-related costs	—		—		76.1		—			76.1
Accrued interest	—		53.9		14.8		—			68.7
Income taxes payable	—		—		101.7		—			101.7
Accrued and other current liabilities	1.9		7.5		547.7		—			557.1
Current liabilities held for sale	—		—		120.3		—			120.3
Intercompany payable	612.5		467.1		126.5		(1,206.1		)	—
Total current liabilities	614.5		548.3		1,350.5		(1,206.1		)	1,307.2
Long-term debt	—		5,860.6		20.2		—			5,880.8
Pension and postretirement benefits	—		—		136.4		—			136.4
Environmental liabilities	—		—		73.0		—			73.0
Deferred income taxes	—		—		2,398.1		—			2,398.1
Other income tax liabilities	—		—		70.4		—			70.4
Long-term liabilities held for sale	—		—		—		—			—
Intercompany loans payable	—		3,329.4		—		(3,329.4		)	—
Other liabilities	—		7.0		349.1		—			356.1
Total liabilities	614.5		9,745.3		4,397.7		(4,535.5		)	10,222.0
Shareholders' equity	4,984.3		10,988.4		26,158.3		(37,146.7		)	4,984.3
Total Liabilities and Shareholders' Equity	$	5,598.8	$	20,733.7	$	30,556.0	$	(41,682.2	)	$	15,206.3

MALLINCKRODT PLC

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

Fiscal year ended December 29, 2017

(in millions)



	Mallinckrodt plc			Mallinckrodt International Finance S.A.			Other Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	3,221.6		$	—		$	3,221.6
Cost of sales	2.6			—			1,562.7			—			1,565.3
Gross profit	(2.6		)	—			1,658.9			—			1,656.3
Selling, general and administrative expenses	59.5			0.7			860.7			—			920.9
Research and development expenses	5.1			—			272.2			—			277.3
Restructuring charges, net	—			—			31.2			—			31.2
Non-restructuring impairment charges	—			—			63.7			—			63.7
Separation costs	—			—			—			—			—
Gains on divestiture and license	—			—			(56.9		)	—			(56.9		)
Operating income (loss)	(67.2		)	(0.7		)	488.0			—			420.1

Interest expense	(13.8		)	(353.9		)	(74.2		)	72.8			(369.1		)
Interest income	7.3			1.2			68.9			(72.8		)	4.6
Other income (expense), net	20.3			(1.7		)	(12.6		)	—			6.0
Intercompany interest and fees	(18.3		)	—			18.3			—			—
Equity in net income of subsidiaries	2,200.0			2,901.8			2,549.9			(7,651.7		)	—
Income from continuing operations before income taxes	2,128.3			2,546.7			3,038.3			(7,651.7		)	61.6
Benefit from income taxes	(6.1		)	(5.3		)	(1,698.2		)	—			(1,709.6		)
Income from continuing operations	2,134.4			2,552.0			4,736.5			(7,651.7		)	1,771.2
(Loss) income from discontinued operations, net of income taxes	—			(2.1		)	365.3			—			363.2
Net income	2,134.4			2,549.9			5,101.8			(7,651.7		)	2,134.4
Other comprehensive income, net of tax	59.6			59.6			118.2			(177.8		)	59.6
Comprehensive income	$	2,194.0		$	2,609.5		$	5,220.0		$	(7,829.5	)	$	2,194.0

MALLINCKRODT PLC

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

Fiscal year ended September 30, 2016

(in millions)



	Mallinckrodt plc			Mallinckrodt International Finance S.A.			Other Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	3,380.8		$	—		$	3,380.8
Cost of sales	—			—			1,525.8			—			1,525.8
Gross profit	—			—			1,855.0			—			1,855.0
Selling, general and administrative expenses	51.3			0.8			873.2			—			925.3
Research and development expenses	—			—			262.2			—			262.2
Restructuring charges, net	—			—			33.3			—			33.3
Non-restructuring impairments	—			—			16.9			—			16.9
Separation costs	—			—			—			—			—
Gains on divestiture and license	—			—			—			—			—
Operating (loss) income	(51.3		)	(0.8		)	669.4			—			617.3
													—
Interest expense	(230.3		)	(327.0		)	(82.4		)	255.1			(384.6		)
Interest income	—			0.5			255.9			(255.1		)	1.3
Other income (expense), net	90.0			1.7			(92.3		)	—			(0.6		)
Intercompany interest and fees	(16.1		)	—			16.1			—			—
Equity in net income of subsidiaries	820.8			1,327.2			1,057.9			(3,205.9		)	—
Income from continuing operations before income taxes	613.1			1,001.6			1,824.6			(3,205.9		)	233.4
Benefit from income taxes	(30.6		)	(18.1		)	(206.9		)	—			(255.6		)
Income from continuing operations	643.7			1,019.7			2,031.5			(3,205.9		)	489.0
Income from discontinued operations, net of income taxes	—			38.2			116.5			—			154.7
Net income	643.7			1,057.9			2,148.0			(3,205.9		)	643.7
Other comprehensive loss, net of tax	(86.5		)	(86.5		)	(173.5		)	260.0			(86.5		)
Comprehensive income	$	557.2		$	971.4		$	1,974.5		$	(2,945.9	)	$	557.2

MALLINCKRODT PLC

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

Fiscal year ended September 25, 2015

(in millions)



	Mallinckrodt plc			Mallinckrodt International Finance S.A.			Other Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	2,923.1		$	—		$	2,923.1
Cost of sales	—			—			1,300.2			—			1,300.2
Gross profit	—			—			1,622.9			—			1,622.9
Selling, general and administrative expenses	116.3			15.7			891.8			—			1,023.8
Research and development expenses	—			—			203.3			—			203.3
Restructuring charges, net	9.8			—			35.2			—			45.0
Non-restructuring impairments	—			—			—			—			—
Separation costs	—			—			—			—			—
Gains on divestiture and license	—			—			(3.0		)	—			(3.0		)
Operating (loss) income	(126.1		)	(15.7		)	495.6			—			353.8

Interest expense	(96.4		)	(230.2		)	(25.2		)	96.2			(255.6		)
Interest income	—			0.1			97.1			(96.2		)	1.0
Other income (expense), net	216.3			—			(208.2		)	—			8.1
Intercompany interest and fees	(14.7		)	—			14.7			—			—
Equity in net income of subsidiaries	330.6			496.3			250.5			(1,077.4		)	—
Income from continuing operations before income taxes	309.7			250.5			624.5			(1,077.4		)	107.3
Benefit from income taxes	(15.9		)	—			(113.4		)	—			(129.3		)
Income from continuing operations	325.6			250.5			737.9			(1,077.4		)	236.6
(Loss) income from discontinued operations, net of income taxes	(0.9		)	—			89.0			—			88.1
Net income	324.7			250.5			826.9			(1,077.4		)	324.7
Other comprehensive loss, net of tax	(64.8		)	(64.8		)	(69.9		)	134.7			(64.8		)
Comprehensive income	$	259.9		$	185.7		$	757.0		$	(942.7	)	$	259.9

MALLINCKRODT PLC

CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME

Three months ended December 30, 2016

(in millions)



	Mallinckrodt plc			Mallinckrodt International Finance S.A.			Other Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	—		$	829.9		$	—		$	829.9
Cost of sales	—			—			384.1			—			384.1
Gross profit	—			—			445.8			—			445.8
Selling, general and administrative expenses	13.4			0.2			354.7			—			368.3
Research and development expenses	—			—			66.2			—			66.2
Restructuring charges, net	—			—			3.8			—			3.8
Non-restructuring impairments	—			—			214.3			—			214.3
Separation costs	—			—			—			—			—
Gains on divestiture and license	—			—			—			—			—
Operating loss	(13.4		)	(0.2		)	(193.2		)	—			(206.8		)

Interest expense	(2.9		)	(81.1		)	(17.9		)	10.6			(91.3		)
Interest income	—			0.1			11.0			(10.6		)	0.5
Other income (expense), net	1.8			0.7			(3.4		)	—			(0.9		)
Intercompany interest and fees	(4.4		)	—			4.4			—			—
Equity in net income of subsidiaries	(136.5		)	35.2			(44.5		)	145.8			—
Loss from continuing operations before income taxes	(155.4		)	(45.3		)	(243.6		)	145.8			(298.5		)
Benefit from income taxes	(2.2		)	(0.3		)	(119.2		)	—			(121.7		)
Loss from continuing operations	(153.2		)	(45.0		)	(124.4		)	145.8			(176.8		)
Income from discontinued operations, net of income taxes	—			0.4			23.2			—			23.6
Net loss	(153.2		)	(44.6		)	(101.2		)	145.8			(153.2		)
Other comprehensive income, net of tax	13.1			13.1			26.0			(39.1		)	13.1
Comprehensive loss	$	(140.1	)	$	(31.5	)	$	(75.2	)	$	106.7		$	(140.1	)

MALLINCKRODT PLC

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Fiscal year ended December 29, 2017

(in millions)



	Mallinckrodt plc			Mallinckrodt International Finance S.A.			Other Subsidiaries			Eliminations			Consolidated
Cash Flows From Operating Activities:
Net cash from operating activities	$	1,233.2		$	1,139.4		$	2,274.9		$	(3,920.2	)	$	727.3
Cash Flows From Investing Activities:
Capital expenditures	—			—			(186.1		)	—			(186.1		)
Acquisitions and intangibles, net of cash acquired	—			—			(76.3		)	—			(76.3		)
Proceeds from disposal of discontinued operations, net of cash	—			—			576.9			—			576.9
Intercompany loan investment	(589.5		)	—			(1,157.9		)	1,747.4			—
Investment in subsidiary	—			(1,475.3		)	—			1,475.3			—
Proceeds from sale of subsidiary	—			—			—			—			—
Acquisition of subsidiary	—			—			—			—			—
Restricted cash	—			—			—			—			—
Other	—			—			3.9			—			3.9
Net cash from investing activities	(589.5		)	(1,475.3		)	(839.5		)	3,222.7			318.4
Cash Flows From Financing Activities:
Issuance of external debt	—			1,400.0			65.0			—			1,465.0
Repayment of external debt and capital leases	—			(764.5		)	(152.7		)	—			(917.2		)
Debt financing costs	—			(12.7		)	—			—			(12.7		)
Proceeds from exercise of share options	4.1			—			—			—			4.1
Intercompany loan borrowings	—			1,747.4			—			(1,747.4		)	—
Intercompany dividends	—			(1,170.0		)	(2,750.2		)	3,920.2			—
Capital contribution	—			—			1,475.3			(1,475.3		)	—
Repurchase of shares	(651.7		)	—			—			—			(651.7		)
Other	4.1			—			(21.8		)	—			(17.7		)
Net cash from financing activities	(643.5		)	1,200.2			(1,384.4		)	697.5			(130.2		)
Effect of currency rate changes on cash	—			—			2.5			—			2.5
Net increase (decrease) in cash, cash equivalents and restricted cash	0.2			864.3			53.5			—			918.0
Cash, cash equivalents and restricted cash at beginning of period	0.5			44.5			316.1			—			361.1
Cash, cash equivalents and restricted cash at end of period	$	0.7		$	908.8		$	369.6		$	—		$	1,279.1

Cash and cash equivalents at end of period	$	0.7		$	908.8		$	351.4		$	—		$	1,260.9
Restricted cash included in prepaid expenses and other assets at end of period	—			—			—			—			—
Restricted cash included in other long-term assets at end of period	—			—			18.2			—			18.2
Cash, cash equivalents and restricted cash at end of period	$	0.7		$	908.8		$	369.6		$	—		$	1,279.1

MALLINCKRODT PLC

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Fiscal year ended September 30, 2016

(in millions)



	Mallinckrodt plc			Mallinckrodt International Finance S.A.				Other Subsidiaries				Eliminations			Consolidated
Cash Flows From Operating Activities:
Net cash from operating activities	$	17.9		$	(47.4	)		$	1,214.1			$	—		$	1,184.6
Cash Flows From Investing Activities:
Capital expenditures	—			—				(182.9		)		—			(182.9		)
Acquisitions and intangibles, net of cash acquired	—			—				(245.4		)		—			(245.4		)
Proceeds from disposal of discontinued operations, net of cash	—			234.0				32.7				—			266.7
Intercompany loan investment	—			(175.2		)		(1,714.5		)		1,889.7			—
Investment in subsidiary	—			(861.2		)		—				861.2			—
Proceeds from sale of subsidiary	3.4			—				—				(3.4		)	—
Acquisition of subsidiary	—			—				(3.4		)		3.4			—
Other	—			—				6.0				—			6.0
Net cash from investing activities	3.4			(802.4		)		(2,107.5		)	—	2,750.9			(155.6		)
Cash Flows From Financing Activities:
Issuance of external debt	—			—				98.3				—			98.3
Repayment of external debt and capital leases	—			(549.2		)		(19.4		)		—			(568.6		)
Debt financing costs	—			—				(0.1		)		—			(0.1		)
Proceeds from exercise of share options	14.0			—				—				—			14.0
Intercompany loan borrowings	617.8			1,271.9				—				(1,889.7		)	—
Capital contribution	—			—				861.2				(861.2		)	—
Repurchase of shares	(652.9		)	—				—				—			(652.9		)
Other	—			—				(53.0		)		—			(53.0		)
Net cash from financing activities	(21.1		)	722.7			—	887.0				(2,750.9		)	(1,162.3		)
Effect of currency rate changes on cash	—			—				0.3				—			0.3
Net increase (decrease) in cash, cash equivalents and restricted cash	0.2			(127.1		)		(6.1		)		—			(133.0		)
Cash, cash equivalents and restricted cash at beginning of period	0.1			152.1				280.4				—			432.6
Cash, cash equivalents and restricted cash at end of period	$	0.3		$	25.0			$	274.3			$	—		$	299.6

Cash and cash equivalents at end of period	$	0.3		$	25.0			$	255.2			$	—		$	280.5
Restricted cash included in prepaid expenses and other assets at end of period	—			—				0.1				—			0.1
Restricted cash included in other long-term assets at end of period	—			—				19.0				—			19.0
Cash, cash equivalents and restricted cash at end of period	$	0.3		$	25.0			$	274.3			$	—		$	299.6

MALLINCKRODT PLC

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Fiscal year ended September 25, 2015

(in millions)



	Mallinckrodt plc			Mallinckrodt International Finance S.A.				Other Subsidiaries				Eliminations			Consolidated
Cash Flows From Operating Activities:
Net cash from operating activities	$	207.0		$	(148.2	)		$	871.7			$	—		$	930.5
Cash Flows From Investing Activities:
Capital expenditures	—			—				(148.0		)		—			(148.0		)
Acquisitions and intangibles, net of cash acquired	—			—				(2,154.7		)		—			(2,154.7		)
Intercompany loan investment	(149.4		)	—				(554.2		)		703.6			—
Subsidiary dividend proceeds	—			—				—				—			—
Investment in subsidiary	—			(3,014.4		)		—				3,014.4			—
Other	—			—				3.0				—			3.0
Net cash from investing activities	(149.4		)	(3,014.4		)		(2,853.9		)	—	3,718.0			(2,299.7		)
Cash Flows From Financing Activities:
Issuance of external debt	—			2,890.0				120.0				—			3,010.0
Repayment of external debt and capital leases	—			(258.3		)		(1,590.1		)		—			(1,848.4		)
Debt financing costs	—			(39.1		)		(0.8		)		—			(39.9		)
Proceeds from exercise of share options	34.4			—				—				—			34.4
Subsidiary dividend payment	—			—				—				—			—
Intercompany loan borrowings	—			703.6				—				(703.6		)	—
Capital contribution	—			—				3,014.4				(3,014.4		)	—
Repurchase of shares	(92.2		)	—				—				—			(92.2		)
Other	—			—				(28.1		)		—			(28.1		)
Net cash from financing activities	(57.8		)	3,296.2			—	1,515.4				(3,718.0		)	1,035.8
Effect of currency rate changes on cash	—			—				(11.6		)		—			(11.6		)
Net (decrease) increase in cash, cash equivalents and restricted cash	(0.2		)	133.6				(478.4		)		—			(345.0		)
Cash, cash equivalents and restricted cash at beginning of period	0.3			18.5				758.8				—			777.6
Cash, cash equivalents and restricted cash at end of period	$	0.1		$	152.1			$	280.4			$	—		$	432.6

Cash and cash equivalents at end of period	$	0.1		$	152.1			$	213.7			$	—		$	365.9
Restricted cash included in prepaid expenses and other assets at end of period	—			—				47.7				—			47.7
Restricted cash included in other long-term assets at end of period	—			—				19.0				—			19.0
Cash, cash equivalents and restricted cash at end of period	$	0.1		$	152.1			$	280.4			$	—		$	432.6

MALLINCKRODT PLC

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Three months ended December 30, 2016

(in millions)



	Mallinckrodt plc			Mallinckrodt International Finance S.A.				Other Subsidiaries				Eliminations			Consolidated
Cash Flows From Operating Activities:
Net cash from operating activities	$	17.4		$	(94.0	)		$	272.2			$	—		$	195.6
Cash Flows From Investing Activities:
Capital expenditures	—			—				(65.2		)		—			(65.2		)
Acquisitions and intangibles, net of cash acquired	—			—				(1.8		)		—			(1.8		)
Intercompany loan investment	—			—				(424.7		)		424.7			—
Subsidiary dividend proceeds	—			—				—				—			—
Investment in subsidiary	—			(260.0		)		—				260.0			—
Other	—			—				(10.2		)		—			(10.2		)
Net cash from activities	—			(260.0		)		(501.9		)	—	684.7			(77.2		)
Cash Flows From Financing Activities:
Issuance of external debt	—			175.0				15.0				—			190.0
Repayment of external debt and capital leases	—			(86.2		)		(0.5		)		—			(86.7		)
Debt financing costs	—			—				—				—			—
Proceeds from exercise of share options	0.4			—				—				—			0.4
Subsidiary dividend payment	—			—				—				—			—
Intercompany loan borrowings	140.0			284.7				—				(424.7		)	—
Capital contribution	—			—				260.0				(260.0		)	—
Repurchase of shares	(158.8		)	—				—				—			(158.8		)
Other	1.2			—				—				—			1.2
Net cash from financing activities	(17.2		)	373.5			—	274.5				(684.7		)	(53.9		)
Effect of currency rate changes on cash	—			—				(3.0		)		—			(3.0		)
Net increase in cash, cash equivalents and restricted cash	0.2			19.5				41.8				—			61.5
Cash, cash equivalents and restricted cash at beginning of period	0.3			25.0				274.3				—			299.6
Cash, cash equivalents and restricted cash at end of period	$	0.5		$	44.5			$	316.1			$	—		$	361.1

Cash and cash equivalents at end of period	$	0.5		$	44.5			$	297.0			$	—		$	342.0
Restricted cash included in prepaid expenses and other assets at end of period	—			—				0.1				—			0.1
Restricted cash included in other long-term assets at end of period	—			—				19.0				—			19.0
Cash, cash equivalents and restricted cash at end of period	$	0.5		$	44.5			$	316.1			$	—		$	361.1