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

 
$
911.8

 
$
604.6

 
$
(57.4
)
 
$
1,462.4

Operating costs and expenses
23.6

 
845.9

 
390.8

 
(57.4
)
 
1,202.9

Operating income (loss)
(20.2
)
 
65.9

 
213.8

 
—

 
259.5

Interest expense, net
161.8

 
41.0

 
12.2

 
—

 
215.0

Other expense (income), net
(0.9
)
 
11.1

 
(9.3
)
 
—

 
0.9

Income (loss) before equity in earnings of subsidiaries and income taxes
(181.1
)
 
13.8

 
210.9

 
—

 
43.6

Income tax expense (benefit)
(56.4
)
 
4.9

 
76.5

 
—

 
25.0

Equity in earnings of subsidiaries, net of tax
143.3

 
—

 
—

 
(143.3
)
 
—

Net income
18.6

 
8.9

 
134.4

 
(143.3
)
 
18.6

Preferred stock dividends
10.4

 
—

 
—

 
—

 
10.4

Net income applicable to common shareowners
$
8.2

 
$
8.9

 
$
134.4

 
$
(143.3
)
 
$
8.2

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

 
$
818.4

 
$
610.9

 
$
(57.8
)
 
$
1,377.0

Operating costs and expenses
34.5

 
719.3

 
381.7

 
(57.8
)
 
1,077.7

Operating income (loss)
(29.0
)
 
99.1

 
229.2

 
—

 
299.3

Interest expense, net
137.9

 
31.6

 
15.7

 
—

 
185.2

Other expense (income), net
45.2

 
8.7

 
(7.0
)
 
—

 
46.9

Income (loss) before equity in earnings of subsidiaries and income taxes
(212.1
)
 
58.8

 
220.5

 
—

 
67.2

Income tax expense (benefit)
(61.3
)
 
15.6

 
84.6

 
—

 
38.9

Equity in earnings of subsidiaries, net of tax
179.1

 
—

 
—

 
(179.1
)
 
—

Net income
28.3

 
43.2

 
135.9

 
(179.1
)
 
28.3

Preferred stock dividends
10.4

 
—

 
—

 
—

 
10.4

Net income applicable to common shareowners
$
17.9

 
$
43.2

 
$
135.9

 
$
(179.1
)
 
$
17.9


 
Year Ended December 31, 2009
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Revenue
$
4.9

 
$
750.9

 
$
637.3

 
$
(57.1
)
 
$
1,336.0

Operating costs and expenses
24.6

 
689.1

 
383.9

 
(57.1
)
 
1,040.5

Operating income (loss)
(19.7
)
 
61.8

 
253.4

 
—

 
295.5

Interest expense, net
100.1

 
10.2

 
20.4

 
—

 
130.7

Other expense (income), net
14.6

 
3.2

 
(7.3
)
 
—

 
10.5

Income (loss) before equity in earnings of subsidiaries and income taxes
(134.4
)
 
48.4

 
240.3

 
—

 
154.3

Income tax expense (benefit)
(40.9
)
 
18.4

 
87.2

 
—

 
64.7

Equity in earnings of subsidiaries, net of tax
183.1

 
—

 
—

 
(183.1
)
 
—

Net income
89.6

 
30.0

 
153.1

 
(183.1
)
 
89.6

Preferred stock dividends
10.4

 
—

 
—

 
—

 
10.4

Net income applicable to common shareowners
$
79.2

 
$
30.0

 
$
153.1

 
$
(183.1
)
 
$
79.2


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

 
$
1.1

 
$
3.0

 
$
—

 
$
73.7

Receivables, net
2.0

 
1.9

 
175.5

 
—

 
179.4

Other current assets
5.8

 
27.6

 
35.9

 
(1.4
)
 
67.9

Total current assets
77.4

 
30.6

 
214.4

 
(1.4
)
 
321.0

Property, plant and equipment, net
0.1

 
731.4

 
669.0

 
—

 
1,400.5

Goodwill and intangibles, net
—

 
505.1

 
2.4

 
—

 
507.5

Investments in and advances to subsidiaries
1,731.4

 
1.2

 
202.5

 
(1,935.1
)
 
—

Other noncurrent assets
387.9

 
235.2

 
6.4

 
(143.8
)
 
485.7

Total assets
$
2,196.8

 
$
1,503.5

 
$
1,094.7

 
$
(2,080.3
)
 
$
2,714.7

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
—

 
9.9

 
3.1

 
—

 
13.0

Accounts payable
1.0

 
109.6

 
22.8

 
—

 
133.4

Other current liabilities
93.2

 
63.7

 
53.1

 
—

 
210.0

Total current liabilities
94.2

 
183.2

 
79.0

 
—

 
356.4

Long-term debt, less current portion
2,182.0

 
113.7

 
224.9

 
—

 
2,520.6

Other noncurrent liabilities
404.3

 
155.1

 
138.7

 
(145.2
)
 
552.9

Intercompany payables
231.5

 
457.4

 
123.0

 
(811.9
)
 
—

Total liabilities
2,912.0

 
909.4

 
565.6

 
(957.1
)
 
3,429.9

Shareowners’ equity (deficit)
(715.2
)
 
594.1

 
529.1

 
(1,123.2
)
 
(715.2
)
Total liabilities and shareowners’ equity (deficit)
$
2,196.8

 
$
1,503.5

 
$
1,094.7

 
$
(2,080.3
)
 
$
2,714.7

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

 
$
5.7

 
$
1.8

 
$
—

 
$
77.3

Receivables, net
2.4

 
11.2

 
170.6

 
—

 
184.2

Other current assets
6.4

 
34.4

 
27.1

 
(6.5
)
 
61.4

Total current assets
78.6

 
51.3

 
199.5

 
(6.5
)
 
322.9

Property, plant and equipment, net
0.6

 
640.1

 
623.7

 
—

 
1,264.4

Goodwill and intangibles, net
0.7

 
574.4

 
2.6

 
—

 
577.7

Investments in and advances to subsidiaries
1,647.5

 
—

 
134.7

 
(1,782.2
)
 
—

Other noncurrent assets
363.3

 
219.5

 
8.2

 
(102.4
)
 
488.6

Total assets
$
2,090.7

 
$
1,485.3

 
$
968.7

 
$
(1,891.1
)
 
$
2,653.6

 
 
 
 
 
 
 
 
 
 
Current portion of long-term debt
$
—

 
$
14.3

 
$
2.2

 
$
—

 
$
16.5

Accounts payable
2.2

 
73.2

 
34.8

 
—

 
110.2

Other current liabilities
89.1

 
68.1

 
48.8

 
(4.0
)
 
202.0

Total current liabilities
91.3

 
155.6

 
85.8

 
(4.0
)
 
328.7

Long-term debt, less current portion
2,181.4

 
111.6

 
214.1

 
—

 
2,507.1

Other noncurrent liabilities
344.7

 
157.1

 
88.7

 
(104.9
)
 
485.6

Intercompany payables
141.1

 
476.8

 
148.1

 
(766.0
)
 
—

Total liabilities
2,758.5

 
901.1

 
536.7

 
(874.9
)
 
3,321.4

Shareowners’ equity (deficit)
(667.8
)
 
584.2

 
432.0

 
(1,016.2
)
 
(667.8
)
Total liabilities and shareowners’ equity (deficit)
$
2,090.7

 
$
1,485.3

 
$
968.7

 
$
(1,891.1
)
 
$
2,653.6


Condensed Consolidating Statements of Cash Flows
 
Year Ended December 31, 2011
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(139.6
)
 
$
189.3

 
$
240.2

 
$
—

 
$
289.9

Capital expenditures
—

 
(149.2
)
 
(106.3
)
 
—

 
(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

 
(149.2
)
 
(106.3
)
 
—

 
(244.7
)
Funding between Parent and subsidiaries, net
150.3

 
(19.8
)
 
(130.5
)
 
—

 
—

Increase in receivables facility, net
—

 
—

 
0.4

 
—

 
0.4

Repayment of debt
—

 
(8.9
)
 
(2.6
)
 
—

 
(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

 
(44.7
)
 
(132.7
)
 
—

 
(48.8
)
Increase (decrease) in cash and cash equivalents
(0.2
)
 
(4.6
)
 
1.2

 
—

 
(3.6
)
Beginning cash and cash equivalents
69.8

 
5.7

 
1.8

 
—

 
77.3

Ending cash and cash equivalents
$
69.6

 
$
1.1

 
$
3.0

 
$
—

 
$
73.7

 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2010
(dollars in millions)
Parent
(Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(54.6
)
 
$
137.3

 
$
217.3

 
$
—

 
$
300.0

Capital expenditures
—

 
(61.0
)
 
(88.7
)
 
—

 
(149.7
)
Acquisitions of businesses
—

 
(526.7
)
 
—

 
—

 
(526.7
)
Other investing activities
—

 
0.6

 
0.3

 
—

 
0.9

Cash flows used in investing activities
—

 
(587.1
)
 
(88.4
)
 
—

 
(675.5
)
Funding between Parent and subsidiaries, net
(423.8
)
 
465.7

 
(41.9
)
 
—

 
—

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
)
 
(12.6
)
 
(1.4
)
 
—

 
(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

 
454.7

 
(129.2
)
 
—

 
429.8

Increase (decrease) in cash and cash equivalents
49.7

 
4.9

 
(0.3
)
 
—

 
54.3

Beginning cash and cash equivalents
20.1

 
0.8

 
2.1

 
—

 
23.0

Ending cash and cash equivalents
$
69.8

 
$
5.7

 
$
1.8

 
$
—

 
$
77.3


 
Year Ended December 31, 2009
(dollars in millions)
Parent (Issuer)
 
Guarantors
 
Non-guarantors
 
Eliminations
 
Total
Cash flows provided by (used in) operating activities
$
(164.9
)
 
$
184.4

 
$
246.1

 
$
—

 
$
265.6

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

 
(195.1
)
Acquisitions of businesses
—

 
(2.9
)
 
(0.5
)
 
—

 
(3.4
)
Proceeds from sale of assets
—

 
105.9

 
—

 
—

 
105.9

Other investing activities
0.4

 
(2.1
)
 
0.5

 
—

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

 
(126.5
)
 
—

 
(93.8
)
Funding between Parent and subsidiaries, net
321.1

 
(208.5
)
 
(112.6
)
 
—

 
—

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
)
 
(8.4
)
 
(17.6
)
 
—

 
(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

 
(216.9
)
 
(119.3
)
 
—

 
(155.5
)
   Increase in cash and cash equivalents
15.6

 
0.4

 
0.3

 
—

 
16.3

   Beginning cash and cash equivalents
4.5

 
0.4

 
1.8

 
—

 
6.7

   Ending cash and cash equivalents
$
20.1

 
$
0.8

 
$
2.1

 
$
—

 
$
23.0