Selected Condensed Consolidating Financial Statements of Parent, Issuer, Guarantors and Non-Guarantors

9 Months Ended

Jun. 30, 2019

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Selected Condensed Consolidating Financial Statements of Parent, Issuer, Guarantors and Non-Guarantors

Note 13. Selected Condensed Consolidating Financial Statements of Parent, Issuer, Guarantors and Non-Guarantors

The 2024 Notes, the 2025 Notes, the 2026 Notes, the 2027 Notes, the 2028 Notes, the June 2028 Notes, the 2029 Notes and the 2032 Notes (the “Notes”) were issued by WRKCo (the “Issuer”). Upon issuance, the 2024 Notes, the 2025 Notes, the 2027 Notes and the 2028 Notes were fully and unconditionally guaranteed by the Subsidiary Guarantors. On November 2, 2018, in connection with the consummation of the KapStone Acquisition, Whiskey Holdco, Inc. became the direct parent of the Issuer, changed its name to WestRock Company (“Parent”) and fully and unconditionally guaranteed the 2024 Notes, the 2025 Notes, the 2027 Notes and the 2028 Notes. The 2026 Notes, the June 2028 Notes, the 2029 Notes and the 2032 Notes were issued by the Issuer subsequent to the consummation of the KapStone Acquisition and were fully and unconditionally guaranteed at the time of issuance by Parent and the Subsidiary Guarantors. Accordingly, each series of the Notes is fully and unconditionally guaranteed on a joint and several basis by Parent and the Subsidiary Guarantors.

In accordance with GAAP, we retrospectively account for changes in our legal structure that constitute transfers of businesses between issuers, guarantors and non-guarantors. As such, our prior period financials may vary from those previously reported. The information in the tables reflect such revisions, as well as revisions to correct immaterial errors in the prior presentation of our financial statements.

In accordance with Rule 3-10 of Regulation S-X, the following tables present condensed consolidating financial data of the Parent, the Issuer, the Subsidiary Guarantors, the non-guarantor subsidiaries and eliminations. Such financial data include the related Condensed Consolidating Statements of Income for the three and nine months ended June 30, 2019 and June 30, 2018, Condensed Consolidating Balance Sheets as of June 30, 2019 and September 30, 2018 and Condensed Consolidating Statements of Cash Flows for the nine months ended June 30, 2019 and June 30, 2018.

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Three Months Ended June 30, 2019
(In millions)	Parent		Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	—	$	—		$	643.0		$	4,676.3		$	(629.3	)	$	4,690.0
Cost of goods sold		—		—			475.6			3,844.9			(619.4	)		3,701.1
Selling, general and administrative,    excluding intangible amortization		—		(0.4	)		26.0			416.8			—			442.4
Selling, general and administrative    intangible amortization		—		—			26.1			76.3			—			102.4
Loss on disposal of assets		—		—			0.1			6.4			—			6.5
Multiemployer pension withdrawals		—		—			—			(1.7	)		—			(1.7	)
Restructuring and other costs		—		1.4			0.1			16.4			—			17.9
Operating profit (loss)		—		(1.0	)		115.1			317.2			(9.9	)		421.4
Interest expense, net		—		(66.5	)		(36.9	)		(7.7	)		—			(111.1	)
Intercompany interest (expense) income, net		—		(2.5	)		(33.3	)		25.9			9.9			—
Loss on extinguishment of debt		—		(0.8	)		(2.3	)		(0.1	)		—			(3.2	)
Pension and other postretirement non-    service (expense) income		—		—			(1.4	)		20.3			—			18.9
Other (expense) income, net		—		—			(35.2	)		38.9			—			3.7
Equity in income of unconsolidated entities		—		—			—			1.7			—			1.7
Equity in income (loss) of consolidated   entities		252.6		268.2			(19.5	)		—			(501.3	)		—
Income before income taxes		252.6		197.4			(13.5	)		396.2			(501.3	)		331.4
Income tax benefit (expense)		—		17.9			(1.9	)		(93.6	)		—			(77.6	)
Consolidated net income (loss)		252.6		215.3			(15.4	)		302.6			(501.3	)		253.8
Less: Net income attributable to    noncontrolling interests		—		—			—			(1.2	)		—			(1.2	)
Net income (loss) attributable to common    stockholders	$	252.6	$	215.3		$	(15.4	)	$	301.4		$	(501.3	)	$	252.6
Comprehensive income attributable to    common stockholders	$	282.7	$	244.9		$	12.0		$	332.2		$	(589.1	)	$	282.7

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Nine Months Ended June 30, 2019
(In millions)	Parent		Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	—	$	—		$	1,906.0		$	13,648.2		$	(1,916.8	)	$	13,637.4
Cost of goods sold		—		—			1,503.3			11,370.7			(1,906.9	)		10,967.1
Selling, general and administrative,    excluding intangible amortization		—		—			53.3			1,234.1			—			1,287.4
Selling, general and administrative    intangible amortization		—		—			78.4			219.3			—			297.7
Loss (gain) on disposal of assets		—		—			0.1			(37.4	)		—			(37.3	)
Multiemployer pension withdrawals		—		—			—			(1.7	)		—			(1.7	)
Land and Development impairments		—		—			—			13.0			—			13.0
Restructuring and other costs		—		5.3			0.2			101.6			—			107.1
Operating profit (loss)		—		(5.3	)		270.7			748.6			(9.9	)		1,004.1
Interest expense, net		—		(178.5	)		(128.8	)		(10.0	)		—			(317.3	)
Intercompany interest income (expense), net		—		1.0			(87.9	)		77.0			9.9			—
Loss on extinguishment of debt		—		(2.6	)		(1.9	)		(0.2	)		—			(4.7	)
Pension and other postretirement non-    service (expense) income		—		—			(4.8	)		59.7			—			54.9
Other (expense) income, net		—		(4.0	)		(35.6	)		37.3			—			(2.3	)
Equity in income of unconsolidated entities		—		—			—			8.3			—			8.3
Equity in income of consolidated entities		552.1		664.9			397.8			—			(1,614.8	)		—
Income before income taxes		552.1		475.5			409.5			920.7			(1,614.8	)		743.0
Income tax benefit (expense)		—		46.9			(3.2	)		(231.2	)		—			(187.5	)
Consolidated net income		552.1		522.4			406.3			689.5			(1,614.8	)		555.5
Less: Net income attributable to    noncontrolling interests		—		—			—			(3.4	)		—			(3.4	)
Net income attributable to common    stockholders	$	552.1	$	522.4		$	406.3		$	686.1		$	(1,614.8	)	$	552.1
Comprehensive income attributable to    common stockholders	$	552.0	$	522.0		$	406.5		$	686.9		$	(1,615.4	)	$	552.0

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Three Months Ended June 30, 2018
(In millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	—		$	—		$	673.1		$	4,138.2		$	(673.8	)	$	4,137.5
Cost of goods sold		—			—			529.7			3,414.5			(673.8	)		3,270.4
Selling, general and administrative,    excluding intangible amortization		—			—			20.9			359.8			—			380.7
Selling, general and administrative    intangible amortization		—			—			26.1			49.5			—			75.6
Loss on disposal of assets		—			—			—			2.7			—			2.7
Multiemployer pension withdrawal		—			—			—			4.2			—			4.2
Land and Development impairments		—			—			—			1.7			—			1.7
Restructuring and other costs		—			3.0			0.1			14.0			—			17.1
Operating profit (loss)		—			(3.0	)		96.3			291.8			—			385.1
Interest expense, net		(0.6	)		(21.6	)		(43.0	)		(11.5	)		—			(76.7	)
Intercompany interest income (expense),    net		—			8.5			(19.7	)		11.2			—			—
Gain (loss) on extinguishment of debt		—			—			1.0			(0.1	)		—			0.9
Pension and other postretirement non-    service income		—			—			—			21.3			—			21.3
Other (expense) income, net		—			(0.3	)		(8.9	)		18.9			—			9.7
Equity in income of unconsolidated entities		—			—			5.0			10.5			—			15.5
Equity in income of consolidated entities		—			281.7			159.3			—			(441.0	)		—
Income (loss) before income taxes		(0.6	)		265.3			190.0			342.1			(441.0	)		355.8
Income tax benefit (expense)		—			3.5			(4.9	)		(83.1	)		—			(84.5	)
Consolidated net income (loss)		(0.6	)		268.8			185.1			259.0			(441.0	)		271.3
Less: Net income attributable to    noncontrolling interests		—			—			—			(3.1	)		—			(3.1	)
Net income (loss) attributable to common    stockholders	$	(0.6	)	$	268.8		$	185.1		$	255.9		$	(441.0	)	$	268.2
Comprehensive income (loss) attributable to    common stockholders	$	(0.6	)	$	36.2		$	(38.2	)	$	23.1		$	15.1		$	35.6

CONDENSED CONSOLIDATING STATEMENTS OF INCOME
	Nine Months Ended June 30, 2018
(In millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Net sales	$	—		$	—		$	1,916.9		$	12,096.2		$	(1,964.6	)	$	12,048.5
Cost of goods sold		—			—			1,489.3			10,093.8			(1,964.6	)		9,618.5
Selling, general and administrative,    excluding intangible amortization		—			0.4			70.2			1,086.7			—			1,157.3
Selling, general and administrative    intangible amortization		—			—			78.2			145.1			—			223.3
Loss on disposal of assets		—			—			0.1			6.5			—			6.6
Multiemployer pension withdrawal		—			6.5			12.5			165.2			—			184.2
Land and Development impairments		—			—			—			29.3			—			29.3
Restructuring and other costs		—			6.3			5.4			53.4			—			65.1
Operating profit (loss)		—			(13.2	)		261.2			516.2			—			764.2
Interest expense, net		(0.7	)		(65.5	)		(130.7	)		(22.9	)		—			(219.8	)
Intercompany interest income (expense),    net		—			20.3			(52.0	)		31.7			—			—
(Loss) gain on extinguishment of debt		—			(1.6	)		1.9			(0.3	)		—			—
Pension and other postretirement non-    service (expense) income		—			—			(0.3	)		70.8			—			70.5
Other income (expense), net		—			0.7			(4.6	)		17.2			—			13.3
Equity in income of unconsolidated entities		—			—			7.5			23.7			—			31.2
Equity in income of consolidated entities		—			1,676.1			1,182.4			—			(2,858.5	)		—
Income (loss) before income taxes		(0.7	)		1,616.8			1,265.4			636.4			(2,858.5	)		659.4
Income tax benefit		—			10.4			119.5			840.0			—			969.9
Consolidated net income (loss)		(0.7	)		1,627.2			1,384.9			1,476.4			(2,858.5	)		1,629.3
Less: Net income attributable to    noncontrolling interests		—			—			—			(2.8	)		—			(2.8	)
Net income (loss) attributable to common    stockholders	$	(0.7	)	$	1,627.2		$	1,384.9		$	1,473.6		$	(2,858.5	)	$	1,626.5
Comprehensive income (loss) attributable to    common stockholders	$	(0.7	)	$	1,410.2		$	1,191.3		$	1,256.7		$	(2,448.0	)	$	1,409.5

CONDENSED CONSOLIDATING BALANCE SHEETS
	June 30, 2019
(In millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—	$	—	$	12.5	$	166.6	$	—		$	179.1
Accounts receivable		—		—		25.8		2,404.8		(32.5	)		2,398.1
Inventories		—		—		241.6		1,832.6		—			2,074.2
Other current assets		0.1		0.7		6.7		508.2		—			515.7
Intercompany receivables		—		654.7		—		592.8		(1,247.5	)		—
Assets held for sale		—		—		—		26.6		—			26.6
Total current assets		0.1		655.4		286.6		5,531.6		(1,280.0	)		5,193.7
Property, plant and equipment, net		—		—		19.2		11,150.1		—			11,169.3
Goodwill		—		—		1,151.4		6,170.5		—			7,321.9
Intangibles, net		—		—		1,511.0		2,663.8		—			4,174.8
Restricted assets held by special purpose    entities		—		—		—		1,276.0		—			1,276.0
Prepaid pension asset		—		—		—		463.3		—			463.3
Intercompany notes receivable		—		155.0		175.5		3,026.8		(3,357.3	)		—
Investments in consolidated subsidiaries		12,036.8		18,366.0		20,055.3		—		(50,458.1	)		—
Other assets		—		15.0		190.4		1,018.5		(10.8	)		1,213.1
Total Assets	$	12,036.9	$	19,191.4	$	23,389.4	$	31,300.6	$	(55,106.2	)	$	30,812.1
LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—	$	354.3	$	110.3	$	314.5	$	—		$	779.1
Accounts payable		—		1.0		32.9		1,705.4		(32.5	)		1,706.8
Accrued compensation and benefits		0.1		—		10.1		417.6		—			427.8
Other current liabilities		—		47.3		129.0		500.5		—			676.8
Intercompany payables		209.1		—		1,038.4		—		(1,247.5	)		—
Total current liabilities		209.2		402.6		1,320.7		2,938.0		(1,280.0	)		3,590.5
Long-term debt due after one year		—		6,694.1		1,986.5		1,078.5		—			9,759.1
Intercompany notes payable		—		636.3		2,390.5		330.5		(3,357.3	)		—
Pension liabilities, net of current portion		—		—		135.1		110.9		—			246.0
Postretirement benefit liabilities, net of    current portion		—		—		27.8		114.7		—			142.5
Non-recourse liabilities held by special    purpose entities		—		—		—		1,147.4		—			1,147.4
Deferred income taxes		—		—		255.5		2,721.1		(10.8	)		2,965.8
Other long-term liabilities		—		14.6		133.4		968.2		—			1,116.2
Redeemable noncontrolling interests		—		—		—		3.3		—			3.3
Total stockholders’ equity		11,827.7		11,443.8		17,139.9		21,874.4		(50,458.1	)		11,827.7
Noncontrolling interests		—		—		—		13.6		—			13.6
Total equity		11,827.7		11,443.8		17,139.9		21,888.0		(50,458.1	)		11,841.3
Total Liabilities and Equity	$	12,036.9	$	19,191.4	$	23,389.4	$	31,300.6	$	(55,106.2	)	$	30,812.1

CONDENSED CONSOLIDATING BALANCE SHEETS
	September 30, 2018
(In millions)	Parent			Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated Total
ASSETS
Current Assets:
Cash and cash equivalents	$	—		$	0.2	$	490.8	$	145.8	$	—		$	636.8
Accounts receivable		—			0.1		196.5		1,840.2		(26.1	)		2,010.7
Inventories		—			—		233.4		1,596.2		—			1,829.6
Other current assets		—			0.4		17.2		230.9		—			248.5
Intercompany receivables		—			27.7		269.8		792.8		(1,090.3	)		—
Assets held for sale		—			—		—		59.5		—			59.5
Total current assets		—			28.4		1,207.7		4,665.4		(1,116.4	)		4,785.1
Property, plant and equipment, net		—			—		21.3		9,061.2		—			9,082.5
Goodwill		—			—		1,151.3		4,426.3		—			5,577.6
Intangibles, net		—			—		1,589.4		1,532.6		—			3,122.0
Restricted assets held by special purpose    entities		—			—		—		1,281.0		—			1,281.0
Prepaid pension asset		—			—		—		420.0		—			420.0
Intercompany notes receivable		—			884.2		33.1		2,865.4		(3,782.7	)		—
Investments in consolidated subsidiaries		—			13,260.3		15,066.3		—		(28,326.6	)		—
Other assets		3.4			12.4		172.8		910.8		(7.1	)		1,092.3
Total Assets	$	3.4		$	14,185.3	$	19,241.9	$	25,162.7	$	(33,232.8	)	$	25,360.5
LIABILITIES AND EQUITY
Current liabilities:
Current portion of debt	$	—		$	—	$	609.5	$	131.2	$	—		$	740.7
Accounts payable		—			0.8		40.3		1,701.8		(26.1	)		1,716.8
Accrued compensation and benefits		—			0.2		10.7		388.4		—			399.3
Other current liabilities		—			3.2		77.7		395.6		—			476.5
Intercompany payables		13.0			506.6		570.4		0.3		(1,090.3	)		—
Total current liabilities		13.0			510.8		1,308.6		2,617.3		(1,116.4	)		3,333.3
Long-term debt due after one year		—			2,179.4		2,460.1		1,035.0		—			5,674.5
Intercompany notes payable		—			—		2,865.4		917.3		(3,782.7	)		—
Pension liabilities, net of current portion		—			—		135.9		125.4		—			261.3
Postretirement benefit liabilities, net of    current portion		—			—		28.1		106.7		—			134.8
Non-recourse liabilities held by special    purpose entities		—			—		—		1,153.7		—			1,153.7
Deferred income taxes		—			—		291.0		2,037.6		(7.1	)		2,321.5
Other long-term liabilities		—			16.1		106.2		872.5		—			994.8
Redeemable noncontrolling interests		—			—		—		4.2		—			4.2
Total stockholders’ equity		(9.6	)		11,479.0		12,046.6		16,280.0		(28,326.6	)		11,469.4
Noncontrolling interests		—			—		—		13.0		—			13.0
Total equity		(9.6	)		11,479.0		12,046.6		16,293.0		(28,326.6	)		11,482.4
Total Liabilities and Equity	$	3.4		$	14,185.3	$	19,241.9	$	25,162.7	$	(33,232.8	)	$	25,360.5

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Nine Months Ended June 30, 2019
(In millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Operating activities:
Net cash provided by (used for) operating    activities	$	430.7		$	(512.4	)	$	445.9		$	1,035.4		$	—		$	1,399.6
Investing activities:
Capital expenditures		—			—			(2.5	)		(974.3	)		—			(976.8	)
Cash paid related to business combinations,    net of cash acquired		—			—			—			(3,368.3	)		—			(3,368.3	)
Investment in unconsolidated entities    equipment		—			—			—			(10.4	)		—			(10.4	)
Proceeds from sale of property, plant and    equipment		—			—			—			108.3			—			108.3
Proceeds from property, plant and equipment   insurance settlement		—			—			—			16.5			—			16.5
Intercompany notes issued		—			—			(0.1	)		(75.7	)		75.8			—
Intercompany notes proceeds		—			9.2			4.3			3,870.2			(3,883.7	)		—
Intercompany capital investment		(563.0	)		(563.0	)		—			—			1,126.0			—
Other		—			—			28.2			1.8			—			30.0
Net cash (used for) provided by investing    activities		(563.0	)		(553.8	)		29.9			(431.9	)		(2,681.9	)		(4,200.7	)
Financing activities:
Proceeds from issuance of notes		—			2,498.2			—			—			—			2,498.2
Additions to revolving credit    facilities		—			35.3			—			12.4			—			47.7
Additions to debt		—			4,101.8			(1.0	)		340.2			—			4,441.0
Repayments of debt		—			(2,187.1	)		(958.6	)		(1,519.3	)		—			(4,665.0	)
Changes in commercial paper, net		—			445.6			—			—			—			445.6
Other financing additions		—			—			—			13.2			—			13.2
Issuances of common stock, net of related    minimum tax withholdings		8.6			—			—			—			—			8.6
Purchases of common stock		(88.6	)		—			—			—			—			(88.6	)
Cash dividends paid to stockholders		(350.7	)		—			—			—			—			(350.7	)
Cash distributions paid to noncontrolling    interests		—			—			—			(3.4	)		—			(3.4	)
Intercompany notes borrowing		—			—			75.7			0.1			(75.8	)		—
Intercompany notes payments		—			(3,800.0	)		(70.2	)		(13.5	)		3,883.7			—
Intercompany capital receipt		563.0			—			—			563.0			(1,126.0	)		—
Other		—			(27.8	)		—			20.7			—			(7.1	)
Net cash provided by (used for)    financing activities		132.3			1,066.0			(954.1	)		(586.6	)		2,681.9			2,339.5
Effect of exchange rate changes on cash,    cash equivalents and restricted cash		—			—			—			3.9			—			3.9
(Decrease) increase in cash, cash   equivalents and restricted cash		—			(0.2	)		(478.3	)		20.8			—			(457.7	)
Cash, cash equivalents and restricted cash    at beginning of period		—			0.2			490.8			145.8			—			636.8
Cash, cash equivalents and restricted cash    at end of period	$	—		$	0.0		$	12.5		$	166.6		$	—		$	179.1

The condensed consolidating statements of cash flows for the nine months ended June 30, 2019 do not include non-cash transactions between Parent, Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries. From time to time, we may enter into non-cash transactions for simplicity of execution of intercompany transactions. These may include intercompany non-cash capitalizations, intercompany non-cash returns of capital, intercompany debt-to-equity conversions or other transactions of a similar nature. The table below summarizes these non-cash transactions.

	Nine Months Ended June 30, 2019
(In millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Operating activities:
Intercompany receivables	$	(140.9	)	$	—		$	—		$	—		$	140.9		$	—
Intercompany payables	$	—		$	—		$	—		$	140.9		$	(140.9	)	$	—
Investing activities:
Intercompany capital investment	$	(10,396.2	)	$	(5,895.5	)	$	(6,880.5	)	$	—		$	23,172.2		$	—
Intercompany return of capital	$	606.7		$	1,479.6		$	1,021.4		$	—		$	(3,107.7	)	$	—
Intercompany notes issued	$	—		$	(3,800.0	)	$	(4,666.4	)	$	(8,715.4	)	$	17,181.8		$	—
Intercompany notes proceeds	$	—		$	4,519.8		$	4,519.8		$	4,759.6		$	(13,799.2	)	$	—
Financing activities:
Intercompany capital receipt	$	—		$	10,396.2		$	5,413.7		$	7,362.3		$	(23,172.2	)	$	—
Intercompany capital distribution	$	(563.0	)	$	(606.7	)	$	(457.5	)	$	(1,480.5	)	$	3,107.7		$	—
Intercompany notes borrowing	$	—		$	4,436.3		$	479.1		$	12,266.4		$	(17,181.8	)	$	—
Intercompany notes payments	$	—		$	—		$	(959.6	)	$	(12,839.6	)	$	13,799.2		$	—
Intercompany dividends paid	$	—		$	—		$	(302.2	)	$	(1,419.6	)	$	1,721.8		$	—

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
	Nine Months Ended June 30, 2018
(In millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Operating activities:
Net cash provided by operating    activities	$	4.0		$	359.2		$	67.2		$	733.5		$	(28.3	)	$	1,135.6
Investing activities:
Capital expenditures		—			—			(4.4	)		(661.1	)		—			(665.5	)
Cash paid related to business combinations,    net of cash acquired		—			—			—			(188.2	)		—			(188.2	)
Cash receipts on sold trade receivables		—			—			—			346.1			—			346.1
Investment in unconsolidated entities		—			—			—			(111.1	)		—			(111.1	)
Proceeds from sale of property, plant and    equipment		—			—			—			22.4			—			22.4
Proceeds from property, plant and equipment    insurance settlement		—			—			—			6.2			—			6.2
Intercompany notes issued		—			—			(1.4	)		—			1.4			—
Intercompany notes proceeds		—			—			3.9			—			(3.9	)		—
Intercompany return of capital		—			—			82.6			—			(82.6	)		—
Other		—			—			32.3			14.0			—			46.3
Net cash provided by (used for)    investing activities		—			—			113.0			(571.7	)		(85.1	)		(543.8	)
Financing activities:
Proceeds from issuance of notes		—			1,197.3			—			—			—			1,197.3
(Repayments) additions to revolving credit    facilities		—			(106.7	)		—			107.0			—			0.3
Additions to debt		—			2.7			—			851.4			—			854.1
Repayments of debt		—			(1,025.2	)		(22.5	)		(975.0	)		—			(2,022.7	)
Other financing repayments		—			—			(7.3	)		(13.0	)		—			(20.3	)
Issuances of common stock, net of related    minimum tax withholdings		—			23.2			—			—			—			23.2
Purchases of common stock		—			(100.8	)		—			—			—			(100.8	)
Cash dividends paid to stockholders		—			(329.7	)		—			—			—			(329.7	)
Cash distributions paid to noncontrolling    interests		—			—			—			(26.6	)		—			(26.6	)
Intercompany notes borrowing		—			—			—			1.4			(1.4	)		—
Intercompany notes payments		—			—			—			(3.9	)		3.9			—
Intercompany capital distribution		—			—			—			(82.6	)		82.6			—
Intercompany dividends		—			—			—			(28.3	)		28.3			—
Other		(4.0	)		(20.0	)		—			30.0			—			6.0
Net cash used for financing activities		(4.0	)		(359.2	)		(29.8	)		(139.6	)		113.4			(419.2	)
Effect of exchange rate changes on cash, cash    equivalents and restricted cash		—			—			(0.1	)		(23.9	)		—			(24.0	)
Increase (decrease) in cash, cash   equivalents and restricted cash		—			—			150.3			(1.7	)		—			148.6
Cash, cash equivalents and restricted cash    at beginning of period		—			—			43.3			260.7			—			304.0
Cash, cash equivalents and restricted cash    at end of period	$	—		$	—		$	193.6		$	259.0		$	—		$	452.6

The condensed consolidating statements of cash flows for the nine months ended June 30, 2018 do not include non-cash transactions between Parent, Issuer, Guarantor Subsidiaries and Non-Guarantor Subsidiaries. From time to time, we may enter into non-cash transactions for simplicity of execution of intercompany transactions. These may include intercompany non-cash capitalizations, intercompany non-cash returns of capital, intercompany debt-to-equity conversions or other transactions of a similar nature. The table below summarizes these non-cash transactions.

	Nine Months Ended June 30, 2018
(In millions)	Parent		Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated Total
Investing activities:
Intercompany capital investment	$	—	$	(755.3	)	$	(335.3	)	$	—		$	1,090.6		$	—
Intercompany return of capital	$	—	$	1,356.3		$	766.0		$	—		$	(2,122.3	)	$	—
Intercompany notes issued	$	—	$	—		$	—		$	(392.1	)	$	392.1		$	—
Intercompany notes proceeds	$	—	$	—		$	—		$	83.0		$	(83.0	)	$	—
Financing activities:
Intercompany capital receipt	$	—	$	—		$	736.9		$	353.7		$	(1,090.6	)	$	—
Intercompany capital distribution	$	—	$	—		$	(1,356.3	)	$	(766.0	)	$	2,122.3		$	—
Intercompany notes borrowing	$	—	$	—		$	392.1		$	—		$	(392.1	)	$	—
Intercompany notes payments	$	—	$	(69.0	)	$	(14.0	)	$	—		$	83.0		$	—
Intercompany dividends paid	$	—	$	—		$	—		$	(285.9	)	$	285.9		$	—