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Supplemental Guarantor Information (Tables)
 12 Months Ended
Dec. 31, 2011
Supplemental Guarantor Information Abstract  
Supplemental Guarantor Information [Table Text Block]
Condensed Consolidating Statements of Operations
 
 
 
 
 
 
 
 
  
Year Ended December 31, 2011
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
3.4

 
$
655.8

 
$
860.6

 
$
(57.4
)
 
$
1,462.4

Operating costs and expenses
23.6

 
435.6

 
801.1

 
(57.4
)
 
1,202.9

Operating income (loss)
(20.2
)
 
220.2

 
59.5

 
—

 
259.5

Interest expense, net
161.8

 
3.4

 
49.8

 
—

 
215.0

Other expense (income), net
(0.9
)
 
7.5

 
(5.7
)
 
—

 
0.9

Income (loss) before equity in earnings of subsidiaries and income taxes
(181.1
)
 
209.3

 
15.4

 
—

 
43.6

Income tax expense (benefit)
(56.4
)
 
76.0

 
5.4

 
—

 
25.0

Equity in earnings of subsidiaries, net of tax
143.3

 
—

 
—

 
(143.3
)
 
—

Net income
18.6

 
133.3

 
10.0

 
(143.3
)
 
18.6

Preferred stock dividends
10.4

 
—

 
—

 
—

 
10.4

Net income applicable to common shareowners
$
8.2

 
$
133.3

 
$
10.0

 
$
(143.3
)
 
$
8.2

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2010
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
5.5

 
$
668.1

 
$
761.2

 
$
(57.8
)
 
$
1,377.0

Operating costs and expenses
34.5

 
435.0

 
666.0

 
(57.8
)
 
1,077.7

Operating income (loss)
(29.0
)
 
233.1

 
95.2

 
—

 
299.3

Interest expense, net
137.9

 
9.8

 
37.5

 
—

 
185.2

Other expense (income), net
45.2

 
7.6

 
(5.9
)
 
—

 
46.9

Income (loss) before equity in earnings of subsidiaries and income taxes
(212.1
)
 
215.7

 
63.6

 
—

 
67.2

Income tax expense (benefit)
(61.3
)
 
82.2

 
18.0

 
—

 
38.9

Equity in earnings of subsidiaries, net of tax
179.1

 
—

 
—

 
(179.1
)
 
—

Net income
28.3

 
133.5

 
45.6

 
(179.1
)
 
28.3

Preferred stock dividends
10.4

 
—

 
—

 
—

 
10.4

Net income applicable to common shareowners
$
17.9

 
$
133.5

 
$
45.6

 
$
(179.1
)
 
$
17.9


Condensed Consolidating Statements of Operations
 
 
 
 
 
 
 
 
 
  
Year Ended December 31, 2009
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Revenue
$
4.9

 
$
688.9

 
$
699.3

 
$
(57.1
)
 
$
1,336.0

Operating costs and expenses
24.6

 
441.9

 
631.1

 
(57.1
)
 
1,040.5

Operating income (loss)
(19.7
)
 
247.0

 
68.2

 
—

 
295.5

Interest expense, net
100.1

 
14.4

 
16.2

 
—

 
130.7

Other expense (income), net
14.6

 
(0.8
)
 
(3.3
)
 
—

 
10.5

Income (loss) before equity in earnings of subsidiaries and income taxes
(134.4
)
 
233.4

 
55.3

 
—

 
154.3

Income tax expense (benefit)
(40.9
)
 
84.8

 
20.8

 
—

 
64.7

Equity in earnings of subsidiaries, net of tax
183.1

 
—

 
—

 
(183.1
)
 
—

Net income
89.6

 
148.6

 
34.5

 
(183.1
)
 
89.6

Preferred stock dividends
10.4

 
—

 
—

 
—

 
10.4

Net income applicable to common shareowners
$
79.2

 
$
148.6

 
$
34.5

 
$
(183.1
)
 
$
79.2




Condensed Consolidating Balance Sheets
 
 
 
 
 
 
 
 
 
  
As of December 31, 2011
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
69.6

 
$
1.4

 
$
2.7

 
$
—

 
$
73.7

Receivables, net
2.0

 
—

 
177.4

 
—

 
179.4

Other current assets
5.8

 
31.8

 
31.7

 
(1.4
)
 
67.9

Total current assets
77.4

 
33.2

 
211.8

 
(1.4
)
 
321.0

Property, plant and equipment, net
0.1

 
642.5

 
757.9

 
—

 
1,400.5

Goodwill and intangibles, net
—

 
2.4

 
505.1

 
—

 
507.5

Investments in and advances to subsidiaries
1,731.4

 
237.3

 
—

 
(1,968.7
)
 
—

Other noncurrent assets
387.9

 
7.6

 
234.0

 
(143.8
)
 
485.7

Total assets
$
2,196.8

 
$
923.0

 
$
1,708.8

 
$
(2,113.9
)
 
$
2,714.7

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$
—

 
$
3.1

 
$
9.9

 
$
—

 
$
13.0

Accounts payable
1.0

 
53.7

 
78.7

 
—

 
133.4

Other current liabilities
93.2

 
55.3

 
61.5

 
—

 
210.0

Total current liabilities
94.2

 
112.1

 
150.1

 
—

 
356.4

Long-term debt, less current portion
2,182.0

 
216.3

 
122.3

 
—

 
2,520.6

Other noncurrent liabilities
404.3

 
122.8

 
171.0

 
(145.2
)
 
552.9

Intercompany payables
231.5

 
—

 
595.8

 
(827.3
)
 
—

Total liabilities
2,912.0

 
451.2

 
1,039.2

 
(972.5
)
 
3,429.9

Shareowners’ equity (deficit)
(715.2
)
 
471.8

 
669.6

 
(1,141.4
)
 
(715.2
)
Total liabilities and shareowners’ equity (deficit)
$
2,196.8

 
$
923.0

 
$
1,708.8

 
$
(2,113.9
)
 
$
2,714.7

 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2010
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash and cash equivalents
$
69.8

 
$
1.8

 
$
5.7

 
$
—

 
$
77.3

Receivables, net
2.4

 
0.9

 
180.9

 
—

 
184.2

Other current assets
6.4

 
22.5

 
39.0

 
(6.5
)
 
61.4

Total current assets
78.6

 
25.2

 
225.6

 
(6.5
)
 
322.9

Property, plant and equipment, net
0.6

 
623.7

 
640.1

 
—

 
1,264.4

Goodwill and intangibles, net
0.7

 
2.6

 
574.4

 
—

 
577.7

Investments in and advances to subsidiaries
1,647.5

 
146.5

 
—

 
(1,794.0
)
 
—

Other noncurrent assets
363.3

 
9.5

 
218.2

 
(102.4
)
 
488.6

Total assets
$
2,090.7

 
$
807.5

 
$
1,658.3

 
$
(1,902.9
)
 
$
2,653.6

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$
—

 
$
2.2

 
$
14.3

 
$
—

 
$
16.5

Accounts payable
2.2

 
45.8

 
62.2

 
—

 
110.2

Other current liabilities
89.1

 
52.3

 
64.6

 
(4.0
)
 
202.0

Total current liabilities
91.3

 
100.3

 
141.1

 
(4.0
)
 
328.7

Long-term debt, less current portion
2,181.4

 
214.1

 
111.6

 
—

 
2,507.1

Other noncurrent liabilities
344.7

 
89.1

 
156.7

 
(104.9
)
 
485.6

Intercompany payables
141.1

 
—

 
612.6

 
(753.7
)
 
—

Total liabilities
2,758.5

 
403.5

 
1,022.0

 
(862.6
)
 
3,321.4

Shareowners’ equity (deficit)
(667.8
)
 
404.0

 
636.3

 
(1,040.3
)
 
(667.8
)
Total liabilities and shareowners’ equity (deficit)
$
2,090.7

 
$
807.5

 
$
1,658.3

 
$
(1,902.9
)
 
$
2,653.6






Condensed Consolidating Statements of Cash Flows
  
Year Ended December 31, 2011
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(139.6
)
 
$
264.7

 
$
164.8

 
$
—

 
$
289.9

Capital expenditures
—

 
(106.3
)
 
(149.2
)
 
—

 
(255.5
)
Proceeds from sale of assets
11.5

 
—

 
—

 
—

 
11.5

Other investing activities
(0.7
)
 
—

 
—

 
—

 
(0.7
)
Cash flows provided by (used in) investing activities
10.8

 
(106.3
)
 
(149.2
)
 
—

 
(244.7
)
Funding between Parent and subsidiaries, net
150.3

 
(156.5
)
 
6.2

 
—

 
—

Increase in receivables facility, net
—

 
—

 
0.4

 
—

 
0.4

Repayment of debt
—

 
(2.3
)
 
(9.2
)
 
—

 
(11.5
)
Common stock repurchase
(10.4
)
 
—

 
—

 
—

 
(10.4
)
Other financing activities
(11.3
)
 
—

 
(16.0
)
 
—

 
(27.3
)
Cash flows provided by (used in) financing activities
128.6

 
(158.8
)
 
(18.6
)
 
—

 
(48.8
)
Decrease in cash and cash equivalents
(0.2
)
 
(0.4
)
 
(3.0
)
 
—

 
(3.6
)
Beginning cash and cash equivalents
69.8

 
1.8

 
5.7

 
—

 
77.3

Ending cash and cash equivalents
$
69.6

 
$
1.4

 
$
2.7

 
$
—

 
$
73.7

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2010
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(54.6
)
 
$
224.9

 
$
129.7

 
$
—

 
$
300.0

Capital expenditures
—

 
(88.7
)
 
(61.0
)
 
—

 
(149.7
)
Acquisitions of businesses
—

 
—

 
(526.7
)
 
—

 
(526.7
)
Other investing activities
—

 
0.3

 
0.6

 
—

 
0.9

Cash flows used in investing activities
—

 
(88.4
)
 
(587.1
)
 
—

 
(675.5
)
Funding between Parent and subsidiaries, net
(423.8
)
 
(137.0
)
 
560.8

 
—

 
—

Proceeds from issuance of long-term debt, net of financing costs
2,090.1

 
1.6

 
—

 
—

 
2,091.7

Decrease in receivables facility, net
—

 
—

 
(85.9
)
 
—

 
(85.9
)
Repayment of debt
(1,540.5
)
 
(1.4
)
 
(12.6
)
 
—

 
(1,554.5
)
Common stock repurchase
(10.0
)
 
—

 
—

 
—

 
(10.0
)
Other financing activities
(11.5
)
 
—

 
—

 
—

 
(11.5
)
Cash flows provided by (used in) financing activities
104.3

 
(136.8
)
 
462.3

 
—

 
429.8

Increase (decrease) in cash and cash equivalents
49.7

 
(0.3
)
 
4.9

 
—

 
54.3

Beginning cash and cash equivalents
20.1

 
2.1

 
0.8

 
—

 
23.0

Ending cash and cash equivalents
$
69.8

 
$
1.8

 
$
5.7

 
$
—

 
$
77.3



 
Year Ended December 31, 2009
(dollars in millions)
Parent
(Guarantor)
 
CBT
(Issuer)
 
Other
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(164.9
)
 
$
297.2

 
$
133.3

 
$
—

 
$
265.6

Capital expenditures
(0.6
)
 
(126.5
)
 
(68.0
)
 
—

 
(195.1
)
Acquisition of businesses, net of cash acquired
—

 
(0.5
)
 
(2.9
)
 
—

 
(3.4
)
Proceeds from the sale of assets
—

 
—

 
105.9

 
—

 
105.9

Other investing activities
0.4

 
0.5

 
(2.1
)
 
—

 
(1.2
)
Cash flows provided by (used in) investing activities
(0.2
)
 
(126.5
)
 
32.9

 
—

 
(93.8
)
Funding between Parent and subsidiaries, net
321.1

 
(152.8
)
 
(168.3
)
 
—

 
—

Proceeds from issuance of long-term debt, net of financing costs
477.5

 
—

 
—

 
—

 
477.5

Increase/(decrease) in receivables facility, net
(53.0
)
 
—

 
10.9

 
—

 
(42.1
)
Repayment of debt
(480.5
)
 
(17.6
)
 
(8.4
)
 
—

 
(506.5
)
Common stock repurchase
(73.2
)
 
—

 
—

 
—

 
(73.2
)
Other financing activities
(11.2
)
 
—

 
—

 
—

 
(11.2
)
Cash flows provided by (used in) financing activities
180.7

 
(170.4
)
 
(165.8
)
 
—

 
(155.5
)
   Increase in cash and cash equivalents
15.6

 
0.3

 
0.4

 
—

 
16.3

   Beginning cash and cash equivalents
4.5

 
1.8

 
0.4

 
—

 
6.7

   Ending cash and cash equivalents
$
20.1

 
$
2.1

 
$
0.8

 
$
—

 
$
23.0