Supplemental Guarantor Information

3 Months Ended

Mar. 31, 2012

Supplemental Guarantor Information [Abstract]

For purposes of this Note 16, including the tables, "Parent Guarantor and 2007 Issuer" shall mean MCBC and "2002 Issuer" shall mean CBC.

SEC Registered Securities

On May 7, 2002, CBC completed a public offering of $850 million principal amount of 6.375% senior notes due 2012. As of March 31, 2012, $44.6 million remain outstanding and are guaranteed on a senior and unsecured basis by MCBC and certain U.S. and Canadian subsidiaries of MCBC, including Molson Canada 2005 (collectively, the "Subsidiary Guarantors"). The guarantees are full and unconditional and joint and several.

On June 15, 2007, MCBC issued $575 million of 2.5% convertible senior notes due July 30, 2013, in a registered public offering (see Note 12, "Debt"). The convertible notes are guaranteed on a senior unsecured basis by CBC and the Subsidiary Guarantors. The guarantees are full and unconditional and joint and several.

On May 3, 2012, MCBC completed a public offering of $1.9 billion of senior notes consisting of $300 million 2.0% senior notes due 2017, $500 million 3.5% senior notes due 2022, and $1.1 billion 5.0% senior notes due 2042. These senior notes are guaranteed on a senior unsecured basis by CBC and the Subsidiary Guarantors - as well as the addition of three new guarantors, specifically, Molson Coors Brewing Company (UK) Limited (our primary U.K. operating entity), Golden Acquisition, and Molson Coors Holdings Limited. The guarantees are full and unconditional and joint and several. As noted below, under "Presentation - As recast for debt offering", the addition of these entities as guarantors of this debt also required the simultaneous addition of these entities on our existing senior unsecured notes. This will result in a change to the presentation of our guarantor financial statements to include the U.K. operating results as a guarantor on all future filings as well as on the historical presentation. See Note 17, "Subsequent Events" for further discussion of the senior notes issuance.

Other Debt

On September 22, 2005, MC Capital Finance ULC ("MC Capital Finance") issued $1.1 billion of senior notes consisting of $300 million 4.85% U.S. publicly registered notes due 2010 and CAD 900 million 5.0% privately placed notes maturing on September 22, 2015. These CAD 900 million senior notes were subsequently exchanged for substantially identical CAD 900 million senior notes which were quantified by way of a prospectus in Canada. In connection with an internal corporate reorganization, Molson Coors International LP ("MCI LP") was subsequently added as a co-issuer of the CAD 900 million senior notes in 2007. During the third quarter of 2010, the $300 million 4.85% notes were repaid in full. Following the repayment of our $300 million senior notes in 2010 we were no longer required to present the “2005 and 2010 Issuer” column (historically consisting of MC Capital Finance and MCI LP) and as such have removed that column. Additionally, the continuous disclosure requirements applicable to MC Capital Finance in Canada are satisfied through the consolidating financial information in respect of MC Capital Finance, MCI LP and other subsidiary guarantors of the CAD 900 million senior notes as currently presented. Therefore, the results of MC Capital Finance and MCI LP are now included in the Subsidiary Guarantors column.

On October 6, 2010, MCI LP completed a private placement in Canada of CAD 500 million 3.95% fixed rate Series A Notes due 2017. These notes are not publicly registered in the U.S. or Canada.

Both the 2005 CAD 900 million senior notes and the 2010 CAD 500 million are guaranteed on a senior and unsecured basis by MCBC, CBC, and the Subsidiary Guarantors. The guarantees are full and unconditional and joint and several. Funds necessary to meet the debt service obligations of MCI LP and MC Capital Finance are provided in large part by distributions or advances from MCBC's other subsidiaries. Under certain circumstances, contractual and legal restrictions, as well as our financial condition and operating requirements, could limit the ability of MCI LP and MC Capital Finance to obtain cash for the purpose of meeting its debt service obligation, including the payment of principal and interest on the notes.

There were no outstanding borrowings on our 4-year revolving $400 million credit facility as of March 31, 2012, and December 31, 2011, which was issued in the second quarter of 2011.

On April 3, 2012, we entered into a $300 million term loan agreement and a $300 million revolving credit agreement that was subsequently amended to increase the borrowing limit to $550 million. These loan facilities are not publicly registered in the U.S. or Canada. See Note 17, "Subsequent Events" for further discussion related to these agreements.

Presentation

On December 25, 2010, CBC transferred its equity method investment in MillerCoors to MC Holding Company LLC, a newly created wholly-owned subsidiary of MCBC and a guarantor of the notes as well as the 2010 senior notes. As a result of the transfer, the investment in MillerCoors is presented in the column "Subsidiary Guarantors" at December 31, 2011, and December 25, 2010, and all results of operations and cash flows related to the investment in MillerCoors subsequent to December 25, 2010, are presented in that column. The transfer of the investment between the 2002 Issuer and Subsidiary Guarantor categories does not negatively affect the holders of the notes or the holders of the 2010 senior notes as both the prior holder of the MillerCoors investment, CBC, and the current holder, MC Holding Company LLC, are joint and severally liable under the notes and the 2010 senior notes by virtue of their status as issuer or guarantor.

During the third quarter of 2011, we identified necessary changes to our historical treatment of intercompany distributions within the guarantor financial statements. These distributions represented a return of capital and therefore should not have been reflected in our consolidating statements of operations. As such, our historical and current consolidating financial statements presented within this note reflect the revised treatment to allow for comparative information. This revision resulted in a change to Other income (expense), net for the quarter ended March 26, 2011, from Other income of $102.8 million, as previously reported, to Other expense of $1.2 million as adjusted, for the 2002 Issuer, with the offsetting adjustment to the "eliminations" column. Additionally, during the first quarter of 2012, we identified necessary changes to our historical guarantor financial statements related to intercompany transactions. The impact of these changes as presented within this note is limited to the consolidating balance sheet as of December 31, 2011.

Presentation - As Recast for Debt Offering

In connection with the Company's offering of debt securities registered on the Form S-3 Registration Statement filed with the SEC on April 26, 2012, we have recast our presentation of the guarantor financial information to reflect the inclusion of Molson Coors Brewing Company (UK) Limited, our primary U.K. operating entity, Golden Acquisition and Molson Coors Holdings Limited as additional subsidiary guarantors of our obligations as a result of the offering. The offering includes $1.9 billion of senior notes and related guarantees registered with the SEC. The proceeds will be used to pay a portion of the purchase price of StarBev pursuant to the sale and purchase agreement, which we entered into on April 3, 2012 (see Note 17, "Subsequent Events"). The terms of our existing senior notes are such that the addition of guarantors of any future senior indebtedness, such as this offering, causes these new legal entity guarantors to also contemporaneously guarantee those outstanding senior obligations. Recast guarantor financial information reflecting the additional subsidiary guarantors follows the currently reported guarantor financial information below.

The following information sets forth the Condensed Consolidating Statements of Operations for the 13 weeks ended March 31, 2012, and March 26, 2011, Condensed Consolidating Balance Sheets as of March 31, 2012, and December 31, 2011, and Condensed Consolidating Statements of Cash Flows for the 13 weeks ended March 31, 2012, and March 26, 2011. Investments in subsidiaries are accounted for on the equity method; accordingly, entries necessary to consolidate the Parent Guarantor, each of the issuers and all of our guarantor and non-guarantor subsidiaries are reflected in the eliminations column. In the opinion of management, separate complete financial statements of MCBC, CBC and the Subsidiary Guarantors would not provide additional material information that would be useful in assessing their financial composition.

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

FOR THE THIRTEEN WEEKS ENDED MARCH 31, 2012

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2007 Issuer			2002 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Sales	$	5.5		$	43.3		$	519.2		$	489.2		$	(49.1	)	$	1,008.1
Excise taxes	—			—			(123.2		)	(193.5		)	—			(316.7		)
Net sales	5.5			43.3			396.0			295.7			(49.1		)	691.4
Cost of goods sold	—			(7.5		)	(240.9		)	(231.8		)	41.4			(438.8		)
Gross profit	5.5			35.8			155.1			63.9			(7.7		)	252.6
Marketing, general and administrative expenses	(34.5		)	(9.1		)	(112.2		)	(100.1		)	7.7			(248.2		)
Special items, net	(1.1		)	—			(2.1		)	1.7			—			(1.5		)
Equity income (loss) in subsidiaries	85.0			23.9			(139.1		)	52.6			(22.4		)	—
Equity income in MillerCoors	—			—			118.9			—			—			118.9
Operating income (loss)	54.9			50.6			20.6			18.1			(22.4		)	121.8
Interest income (expense), net	—			(9.2		)	97.5			(112.1		)	—			(23.8		)
Other income (expense), net	12.0			(12.2		)	—			(1.2		)	—			(1.4		)
Income (loss) from continuing operations before income taxes	66.9			29.2			118.1			(95.2		)	(22.4		)	96.6
Income tax benefit (expense)	12.6			(31.9		)	(1.5		)	3.5			—			(17.3		)
Net income (loss) from continuing operations	79.5			(2.7		)	116.6			(91.7		)	(22.4		)	79.3
Income (loss) from discontinued operations, net of tax	—			—			—			0.1			—			0.1
Net income (loss) including noncontrolling interests	79.5			(2.7		)	116.6			(91.6		)	(22.4		)	79.4
Add back (less): Loss (net income) attributable to noncontrolling interests	—			—			—			0.1			—			0.1
Net income (loss) attributable to MCBC	$	79.5		$	(2.7	)	$	116.6		$	(91.5	)	$	(22.4	)	$	79.5
Comprehensive income attributable to MCBC	$	56.1		$	(16.2	)	$	316.8		$	(143.7	)	$	(22.4	)	$	190.6

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS

FOR THE THIRTEEN WEEKS ENDED MARCH 26, 2011

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2007 Issuer			2002 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Sales	$	5.8		$	43.2		$	511.8		$	484.3		$	(47.8	)	$	997.3
Excise taxes	—			—			(123.6		)	(183.3		)	—			(306.9		)
Net sales	5.8			43.2			388.2			301.0			(47.8		)	690.4
Cost of goods sold	—			(10.9		)	(224.5		)	(233.6		)	41.8			(427.2		)
Gross profit	5.8			32.3			163.7			67.4			(6.0		)	263.2
Marketing, general and administrative expenses	(32.7		)	(7.6		)	(110.6		)	(93.5		)	6.0			(238.4		)
Special items, net	—			—			(2.1		)	2.1			—			—
Equity income (loss) in subsidiaries	185.9			1.6			(148.8		)	54.5			(93.2		)	—
Equity income in MillerCoors	—			—			101.2			—			—			101.2
Operating income (loss)	159.0			26.3			3.4			30.5			(93.2		)	126.0
Interest income (expense), net	(8.4		)	11.9			80.3			(110.6		)	—			(26.8		)
Other income (expense), net	1.4			(1.2		)	(0.1		)	(0.8		)	—			(0.7		)
Income (loss) from continuing operations before income taxes	152.0			37.0			83.6			(80.9		)	(93.2		)	98.5
Income tax benefit (expense)	(69.1		)	47.8			7.6			(2.4		)	—			(16.1		)
Net income (loss) from continuing operations	82.9			84.8			91.2			(83.3		)	(93.2		)	82.4
Income (loss) from discontinued operations, net of tax	—			—			—			0.3			—			0.3
Net income (loss) including noncontrolling interests	82.9			84.8			91.2			(83.0		)	(93.2		)	82.7
Add back (less): Loss (net income) attributable to noncontrolling interests	—			—			—			0.2			—			0.2
Net income (loss) attributable to MCBC	$	82.9		$	84.8		$	91.2		$	(82.8	)	$	(93.2	)	$	82.9
Comprehensive income attributable to MCBC	$	113.1		$	81.6		$	286.5		$	(134.6	)	$	(93.2	)	$	253.4

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

AS OF MARCH 31, 2012

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2007 Issuer			2002 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	680.6		$	—		$	64.3		$	91.4	$	—		$	836.3
Accounts receivable, net	1.9			6.6			172.6			331.3		—			512.4
Other receivables, net	65.4			—			23.5			45.4		(0.6		)	133.7
Total inventories, net	—			—			101.7			154.7		—			256.4
Other assets, net	10.8			4.0			62.4			31.5		—			108.7
Deferred tax assets	—			11.4			—			21.3		(6.3		)	26.4
Discontinued operations	—			—			—			0.3		—			0.3
Intercompany accounts receivable	—			166.4			1,017.2			857.9		(2,041.5		)	—
Total current assets	758.7			188.4			1,441.7			1,533.8		(2,048.4		)	1,874.2
Properties, net	26.4			7.0			877.3			544.6		—			1,455.3
Goodwill	—			11.4			312.3			1,167.8		—			1,491.5
Other intangibles, net	—			37.2			4,237.5			408.1		—			4,682.8
Investment in MillerCoors	—			—			2,613.1			—		—			2,613.1
Net investment in and advances to subsidiaries	8,163.6			5,586.9			377.3			4,927.4		(19,055.2		)	—
Deferred tax assets	28.8			103.7			11.0			—		(15.0		)	128.5
Other assets, net	20.9			13.8			94.2			61.9		—			190.8
Total assets	$	8,998.4		$	5,948.4		$	9,964.4		$	8,643.6	$	(21,118.6	)	$	12,436.2
Liabilities and equity
Current liabilities:
Accounts payable	$	8.1		$	2.3		$	73.2		$	122.6	$	(0.6	)	$	205.6
Accrued expenses and other liabilities, net	35.7			5.5			237.3			333.5		—			612.0
Derivative hedging instruments	—			2.2			8.0			1.2		—			11.4
Deferred tax liability	6.5			—			168.9			—		(6.3		)	169.1
Current portion of long-term debt and short-term borrowings	—			44.6			—			3.6		—			48.2
Discontinued operations	—			—			—			13.7		—			13.7
Intercompany accounts payable	584.5			9.0			868.7			579.3		(2,041.5		)	—
Total current liabilities	634.8			63.6			1,356.1			1,053.9		(2,048.4		)	1,060.0
Long-term debt	550.6			—			1,399.8			—		—			1,950.4
Derivative hedging instruments	—			220.9			1.4			0.3		—			222.6
Pension and post-retirement benefits	—			2.8			399.7			305.6		—			708.1
Deferred tax liability	—			—			—			489.9		(15.0		)	474.9
Other liabilities, net	5.7			14.7			32.8			96.7		—			149.9
Discontinued operations	—			—			—			22.4		—			22.4
Intercompany notes payable	—			212.3			—			4,947.2		(5,159.5		)	—
Total liabilities	1,191.1			514.3			3,189.8			6,916.0		(7,222.9		)	4,588.3
MCBC stockholders' equity	8,021.5			5,476.3			11,677.7			1,687.0		(19,055.2		)	7,807.3
Intercompany notes receivable	(214.2		)	(42.2		)	(4,903.1		)	—		5,159.5			—
Total stockholders' equity	7,807.3			5,434.1			6,774.6			1,687.0		(13,895.7		)	7,807.3
Noncontrolling interests	—			—			—			40.6		—			40.6
Total equity	7,807.3			5,434.1			6,774.6			1,727.6		(13,895.7		)	7,847.9
Total liabilities and equity	$	8,998.4		$	5,948.4		$	9,964.4		$	8,643.6	$	(21,118.6	)	$	12,436.2

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEETS

AS OF DECEMBER 31, 2011

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2007 Issuer			2002 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors		Eliminations			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	601.1		$	—		$	318.0		$	159.8	$	—		$	1,078.9
Accounts receivable, net	0.9			6.7			203.6			377.6		—			588.8
Other receivables, net	46.9			—			29.1			61.2		—			137.2
Total inventories, net	—			—			83.0			124.2		—			207.2
Other assets, net	9.7			4.0			44.7			35.6		—			94.0
Deferred tax assets	—			5.8			—			12.1		(6.3		)	11.6
Discontinued operations	—			—			—			0.3		—			0.3
Intercompany accounts receivable	—			49.1			1,449.6			1,537.3		(3,036.0		)	—
Total current assets	658.6			65.6			2,128.0			2,308.1		(3,042.3		)	2,118.0
Properties, net	27.6			7.2			862.9			532.4		—			1,430.1
Goodwill	—			11.4			305.4			1,136.5		—			1,453.3
Other intangibles, net	—			37.2			4,150.8			398.0		—			4,586.0
Investment in MillerCoors	—			—			2,487.9			—		—			2,487.9
Net investment in and advances to subsidiaries	7,925.2			5,686.2			611.5			4,774.0		(18,996.9		)	—
Deferred tax assets	33.1			119.1			12.7			1.9		(16.9		)	149.9
Other assets	19.8			14.7			92.9			71.2		—			198.6
Total assets	$	8,664.3		$	5,941.4		$	10,652.1		$	9,222.1	$	(22,056.1	)	$	12,423.8
Liabilities and equity
Current liabilities:
Accounts payable	$	7.3		$	3.2		$	100.6		$	190.1	$	—		$	301.2
Accrued expenses and other liabilities	34.6			4.7			270.4			337.1		—			646.8
Derivative hedging instruments	—			101.4			4.7			1.5		—			107.6
Deferred tax liability	6.2			—			161.4			—		(6.3		)	161.3
Short-term borrowings and current portion of long-term debt	—			44.7			—			2.2		—			46.9
Discontinued operations	—			—			—			13.4		—			13.4
Intercompany accounts payable	413.8			26.1			1,566.5			1,029.6		(3,036.0		)	—
Total current liabilities	461.9			180.1			2,103.6			1,573.9		(3,042.3		)	1,277.2
Long-term debt	546.2			—			1,368.7			—		—			1,914.9
Pension and post-retirement benefits	—			2.7			392.5			302.3		—			697.5
Derivative hedging instruments	—			210.7			1.5			0.3		—			212.5
Deferred tax liability	—			—			—			472.5		(16.9		)	455.6
Other liabilities, net	8.3			14.5			35.3			95.8		—			153.9
Discontinued operations	—			—			—			22.0		—			22.0
Intercompany notes payable	—			618.0			—			4,966.3		(5,584.3		)	—
Total liabilities	1,016.4			1,026.0			3,901.6			7,433.1		(8,643.5		)	4,733.6
MCBC stockholders' equity	8,267.8			4,954.7			11,675.6			1,746.7		(18,996.9		)	7,647.9
Intercompany notes receivable	(619.9		)	(39.3		)	(4,925.1		)	—		5,584.3			—
Total stockholders' equity	7,647.9			4,915.4			6,750.5			1,746.7		(13,412.6		)	7,647.9
Noncontrolling interests	—			—			—			42.3		—			42.3
Total equity	7,647.9			4,915.4			6,750.5			1,789.0		(13,412.6		)	7,690.2
Total liabilities and equity	$	8,664.3		$	5,941.4		$	10,652.1		$	9,222.1	$	(22,056.1	)	$	12,423.8

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTEEN WEEKS ENDED MARCH 31, 2012

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2007 Issuer			2002 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Net cash provided by (used in) operating activities	$	155.3		$	180.9		$	(253.9	)	$	72.1		$	(104.0	)	$	50.4
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to properties	(1.1		)	—			(19.1		)	(13.6		)	—			(33.8		)
Proceeds from sales of properties and intangible assets	—			—			—			0.8			—			0.8
Investment in MillerCoors	—			—			(236.0		)	—			—			(236.0		)
Return of capital from MillerCoors	—			—			124.6			—			—			124.6
Payments on settlement of derivatives	—			(110.6		)	—			—			—			(110.6		)
Investment in and advances to an unconsolidated affiliate	—			—			—			(4.6		)	—			(4.6		)
Trade loan repayments from customers	—			—			—			3.8			—			3.8
Trade loans advanced to customers	—			—			—			(2.4		)	—			(2.4		)
Net intercompany investing activity	(39.9		)	(110.1		)	126.4			—			23.6			—
Net cash provided by (used in) investing activities	(41.0		)	(220.7		)	(4.1		)	(16.0		)	23.6			(258.2		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Exercise of stock options under equity compensation plans	19.7			—			—			—			—			19.7
Excess tax benefits from share-based compensation	3.3			—			—			—			—			3.3
Dividends paid	(57.8		)	—			(104.0		)	—			104.0			(57.8		)
Dividends paid to noncontrolling interests holders	—			—			—			(1.7		)	—			(1.7		)
Payments on long-term debt and capital lease obligations	—			—			(0.1		)	—			—			(0.1		)
Payments on short-term borrowings, net	—			—			—			(10.8		)	—			(10.8		)
Net (payments) proceeds from revolving credit facilities	—			—			—			1.5			—			1.5
Net intercompany financing activity	—			39.8			100.0			(116.2		)	(23.6		)	—
Net cash provided by (used in) financing activities	(34.8		)	39.8			(4.1		)	(127.2		)	80.4			(45.9		)
CASH AND CASH EQUIVALENTS:
Net increase (decrease) in cash and cash equivalents	79.5			—			(262.1		)	(71.1		)	—			(253.7		)
Effect of foreign exchange rate changes on cash and cash equivalents	—			—			8.4			2.7			—			11.1
Balance at beginning of year	601.1			—			318.0			159.8			—			1,078.9
Balance at end of period	$	680.6		$	—		$	64.3		$	91.4		$	—		$	836.3

MOLSON COORS BREWING COMPANY AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

FOR THE THIRTEEN WEEKS ENDED MARCH 26, 2011

(IN MILLIONS)

(UNAUDITED)



	Parent Guarantor and 2007 Issuer			2002 Issuer			Subsidiary Guarantors			Subsidiary Non Guarantors			Eliminations			Consolidated
Net cash (used in) provided by operating activities	$	(22.6	)	$	(5.2	)	$	32.8		$	40.0		$	—		$	45.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to properties	(0.9		)	—			(19.4		)	(14.0		)	—			(34.3		)
Proceeds from sales of properties and intangible assets	—			—			—			1.2			—			1.2
Acquisition of businesses, net of cash acquired	—			—			—			(29.4		)	—			(29.4		)
Investment in MillerCoors	—			—			(277.2		)	—			—			(277.2		)
Return of capital from MillerCoors	—			—			177.5			—			—			177.5
Proceeds from settlements of derivative instruments	15.4			—			—			—			—			15.4
Trade loan repayments from customers	—						—			3.7			—			3.7
Trade loans advanced to customers	—			—			—			(2.6		)	—			(2.6		)
Other							0.2			0.9						1.1
Net intercompany investing activity	0.2			(1.8		)	—			44.3			(42.7		)	—
Net cash provided by (used in) investing activities	14.7			(1.8		)	(118.9		)	4.1			(42.7		)	(144.6		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Exercise of stock options under equity compensation plans	4.3			—			—			—			—			4.3
Excess tax benefits from share-based compensation	0.8			—			—			—			—			0.8
Dividends paid	(46.2		)	—			—			(5.9		)	—			(52.1		)
Payments on short-term borrowings, net	—			—			—			6.8			—			6.8
Net (payments) proceeds from revolving credit facilities	—			—			—			0.4			—			0.4
Change in overdraft balances and other	—			—			—			(10.3		)	—			(10.3		)
Net intercompany financing activity	9.3			—			58.5			(110.5		)	42.7			—
Net cash provided by (used in) financing activities	(31.8		)	—			58.5			(119.5		)	42.7			(50.1		)
CASH AND CASH EQUIVALENTS:
Net increase (decrease) in cash and cash equivalents	(39.7		)	(7.0		)	(27.6		)	(75.4		)	—			(149.7		)
Effect of foreign exchange rate changes on cash and cash equivalents	—			—			5.3			8.5			—			13.8
Balance at beginning of year	832.0			7.0			190.1			188.5			—			1,217.6
Balance at end of period	$	792.3		$	—		$	167.8		$	121.6		$	—		$	1,081.7