SUPPLEMENTAL GUARANTOR FINANCIAL INFORMATION (Tables)

6 Months Ended

Jun. 30, 2016

Supplemental Guarantor Financial Information [Abstract]

Supplemental Guarantor Financial Information Balance Sheets

CONDENSED CONSOLIDATING BALANCE SHEETS
June 30, 2016
(In millions)
(Unaudited)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor		Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	23.2		$	—	$	43.4	$	—		$	66.6
Receivables, net	98.2			—		692.3		—			790.5
Intercompany receivables	—			22.3		1,712.1		(1,734.4		)	—
Income taxes receivable	35.1			—		10.7		—			45.8
Inventories	175.2			—		461.0		—			636.2
Current deferred income taxes	(2.6		)	—		2.6		—			—
Other current assets	146.1			—		5.4		(127.7		)	23.8
Total current assets	475.2			22.3		2,927.5		(1,862.1		)	1,562.9
Property, plant and equipment, net	494.7			—		3,298.6		—			3,793.3
Investment in subsidiaries	5,957.3			3,655.0		—		(9,612.3		)	—
Deferred income taxes	21.1			—		85.9		—			107.0
Other assets	40.4			—		548.2		—			588.6
Long-term receivables—affiliates	—			2,544.1		—		(2,544.1		)	—
Intangible assets, net	0.5			5.7		665.0		—			671.2
Goodwill	—			994.2		1,192.1		—			2,186.3
Total assets	$	6,989.2		$	7,221.3	$	8,717.3	$	(14,018.5	)	$	8,909.3

Liabilities and Shareholders' Equity
Current liabilities:
Current installments of long-term debt	$	68.1		—		$	12.2		—			$	80.3
Accounts payable	59.8			—		476.6			—			536.4
Intercompany payables	1,734.4			—		—			(1,734.4		)	—
Income taxes payable	0.6			—		7.6			—			8.2
Accrued liabilities	133.4			—		287.9			(127.7		)	293.6
Total current liabilities	1,996.3			—		784.3			(1,862.1		)	918.5
Long-term debt	1,090.8			2,512.3		12.4			—			3,615.5
Accrued pension liability	164.1			—		452.6			—			616.7
Deferred income taxes	(147.7		)	294.7		932.3			—			1,079.3
Long-term payables—affiliates	1,277.3			281.7		985.1			(2,544.1		)	—
Other liabilities	277.4			—		70.9			—			348.3
Total liabilities	4,658.2			3,088.7		3,237.6			(4,406.2		)	6,578.3
Commitments and contingencies
Shareholders' equity:
Common stock	165.2			—		15.1			(15.1		)	165.2
Additional paid-in capital	2,240.3			4,125.7		4,756.4			(8,882.1		)	2,240.3
Accumulated other comprehensive loss	(479.3		)	—		(21.1		)	21.1			(479.3		)
Retained earnings	404.8			6.9		729.3			(736.2		)	404.8
Total shareholders' equity	2,331.0			4,132.6		5,479.7			(9,612.3		)	2,331.0
Total liabilities and shareholders' equity	$	6,989.2		$	7,221.3	$	8,717.3		$	(14,018.5	)	$	8,909.3

CONDENSED CONSOLIDATING BALANCE SHEETS
December 31, 2015
(In millions)
(Unaudited)
	Parent Guarantor		Issuer	Subsidiary Non-Guarantor		Eliminations		Total
Assets
Current assets:
Cash and cash equivalents	$	119.4	—	$	272.6	—		$	392.0
Receivables, net	107.7		—	679.4		(3.7	)	783.4
Intercompany receivables	—		76.1	1,093.1		(1,169.2	)	—
Income taxes receivable	27.3		—	5.7		(0.1	)	32.9
Inventories	166.0		—	519.2		—		685.2
Current deferred income taxes	—		—	2.7		(2.7	)	—
Other current assets	152.1		5.0	4.6		(121.8	)	39.9
Total current assets	572.5		81.1	2,577.3		(1,297.5	)	1,933.4
Property, plant and equipment, net	508.7		—	3,444.7		—		3,953.4
Investment in subsidiaries	5,905.0		3,636.3	—		(9,541.3	)	—
Deferred income taxes	155.6		—	84.9		(144.6	)	95.9
Other assets	43.5		—	411.1		—		454.6
Long-term receivables—affiliates	—		2,562.6	—		(2,562.6	)	—

Intangible assets, net	0.5			—			677.0			—			677.5
Goodwill	—			990.2			1,183.9			—			2,174.1
Total assets	$	7,185.8		$	7,270.2		$	8,378.9		$	(13,546.0	)	$	9,288.9
Liabilities and Shareholders' Equity
Current liabilities:
Current installments of long-term debt	$	192.8		—			$	12.2		—			$	205.0
Accounts payable	37.3			—			576.6			(5.7		)	608.2
Intercompany payables	1,169.2			—			—			(1,169.2		)	—
Income taxes payable	1.5			—			6.1			(2.7		)	4.9
Accrued liabilities	227.8			—			221.3			(121.0		)	328.1
Total current liabilities	1,628.6			—			816.2			(1,298.6		)	1,146.2
Long-term debt	1,084.0			2,547.4			12.4			—			3,643.8
Accrued pension liability	484.3			—			164.6			—			648.9
Deferred income taxes	—			294.8			945.1			(144.7		)	1,095.2
Long-term payables—affiliates	1,296.4			286.5			979.7			(2,562.6		)	—
Other liabilities	273.7			—			61.1			1.2			336.0
Total liabilities	4,767.0			3,128.7			2,979.1			(4,004.7		)	6,870.1
Commitments and contingencies
Shareholders' equity:
Common stock	165.1			—			14.6			(14.6		)	165.1
Additional paid-in capital	2,236.4			4,146.1			4,789.6			(8,935.7		)	2,236.4
Accumulated other comprehensive loss	(492.5		)	—			(31.7		)	31.7			(492.5		)
Retained earnings	509.8			(4.6		)	627.3			(622.7		)	509.8
Total shareholders' equity	2,418.8			4,141.5			5,399.8			(9,541.3		)	2,418.8
Total liabilities and shareholders' equity	$	7,185.8		$	7,270.2		$	8,378.9		$	(13,546.0	)	$	9,288.9

CONDENSED CONSOLIDATING BALANCE SHEETS
June 30, 2015
(In millions)
(Unaudited)
	Parent Guarantor			Issuer	Subsidiary Non-Guarantor			Eliminations			Total
Assets
Current assets:
Cash and cash equivalents	$	203.4		—	$	29.0		—			$	232.4
Receivables, net	133.1			—	188.2			—			321.3
Intercompany receivables	—			—	684.4			(684.4		)	—
Income taxes receivable	3.2			—	—			—			3.2
Inventories	155.1			—	66.5			—			221.6
Current deferred income taxes	38.2			—	11.5			—			49.7
Other current assets	116.9			—	1.8			(102.6		)	16.1
Total current assets	649.9			—	981.4			(787.0		)	844.3
Property, plant and equipment, net	505.8			—	411.8			—			917.6
Investment in subsidiaries	1,752.0			—	—			(1,752.0		)	—
Deferred income taxes	72.3			—	—			(59.2		)	13.1
Other assets	44.6			—	10.2			—			54.8
Intangible assets, net	0.5			—	115.7			—			116.2
Goodwill	—			—	747.1			—			747.1
Total assets	$	3,025.1		—	$	2,266.2		$	(2,598.2	)	$	2,693.1
Liabilities and Shareholders' Equity
Current liabilities:
Current installments of long-term debt	$	129.0		—	$	12.2		—			$	141.2
Accounts payable	59.5			—	89.6			(0.5		)	148.6
Intercompany payables	684.4			0	—			(684.4		)	—
Income taxes payable	11.1			—	—			—			11.1
Accrued liabilities	143.0			—	163.8			(101.4		)	205.4
Total current liabilities	1,027.0			—	265.6			(786.3		)	506.3
Long-term debt	498.2			—	24.7			—			522.9
Accrued pension liability	150.7			—	1.8			—			152.5
Deferred income taxes	—			—	158.7			(59.2		)	99.5
Other liabilities	296.7			—	63.4			(0.7		)	359.4
Total liabilities	1,972.6			—	514.2			(846.2		)	1,640.6
Commitments and contingencies
Shareholders' equity:
Common stock	77.5			—	14.6			(14.6		)	77.5
Additional paid-in capital	794.2			—	672.6			(672.6		)	794.2
Accumulated other comprehensive loss	(434.3		)	—	(19.0		)	19.0			(434.3		)
Retained earnings	615.1			—	1,083.8			(1,083.8		)	615.1
Total shareholders' equity	1,052.5			—	1,752.0			(1,752.0		)	1,052.5
Total liabilities and shareholders' equity	$	3,025.1		—	$	2,266.2		$	(2,598.2	)	$	2,693.1

Supplemental Guarantor Financial Information Statement of Operations

CONDENSED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Six Months Ended June 30, 2016
(In millions)
(Unaudited)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor			Eliminations			Total
Sales	$	650.5		—			$	2,296.0		$	(234.3	)	$	2,712.2
Operating expenses:
Cost of goods sold	560.7			—			2,085.9			(234.3		)	2,412.3
Selling and administration	72.8			—			94.6			—			167.4
Restructuring charges	0.6			—			100.4			—			101.0
Acquisition-related costs	25.3			—			1.2			—			26.5
Other operating (expense) income	(1.1		)	—			11.8			—			10.7
Operating (loss) income	(10.0		)	—			25.7			—			15.7
Earnings of non-consolidated affiliates	0.6			—			—			—			0.6
Equity (loss) income in subsidiaries	(21.2		)	59.3			—			(38.1		)	—
Interest expense	21.0			76.0			1.9			(2.8		)	96.1
Interest income	1.5			—			2.1			(2.8		)	0.8
Income (loss) before taxes	(50.1		)	(16.7		)	25.9			(38.1		)	(79.0		)
Income tax (benefit) provision	(11.2		)	(28.2		)	(0.7		)	—			(40.1		)
Net (loss) income	$	(38.9	)	$	11.5		$	26.6		$	(38.1	)	$	(38.9	)

CONDENSED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Three Months Ended June 30, 2016
(In millions)
(Unaudited)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor		Eliminations			Total
Sales	$	329.8		—			$	1,154.7	$	(120.5	)	$	1,364.0
Operating expenses:
Cost of goods sold	285.4			—			1,072.0		(120.5		)	1,236.9
Selling and administration	36.0			—			43.3		—			79.3
Restructuring charges	0.3			—			7.9		—			8.2
Acquisition-related costs	15.1			—			1.2		—			16.3
Other operating (expense) income	(0.6		)	—			0.4		—			(0.2		)
Operating (loss) income	(7.6		)	—			30.7		—			23.1
Earnings of non-consolidated affiliates	0.4			—			—		—			0.4
Equity income (loss) in subsidiaries	7.6			15.7			—		(23.3		)	—
Interest expense	10.3			37.8			0.9		(1.4		)	47.6
Interest income	0.7			—			1.2		(1.4		)	0.5
Income (loss) before taxes	(9.2		)	(22.1		)	31.0		(23.3		)	(23.6		)
Income tax (benefit) provision	(8.2		)	(14.9		)	0.5		—			(22.6		)
Net (loss) income	$	(1.0	)	$	(7.2	)	$	30.5	$	(23.3	)	$	(1.0	)

CONDENSED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Six Months Ended June 30, 2015
(In millions)
(Unaudited)
	Parent Guarantor			Issuer	Subsidiary Non-Guarantor		Eliminations			Total
Sales	$	656.9		—	$	604.0	$	(207.5	)	$	1,053.4
Operating expenses:
Cost of goods sold	567.0			—	519.2		(207.5		)	878.7
Selling and administration	58.6			—	28.3		—			86.9
Restructuring charges	0.3			—	1.6		—			1.9
Acquisition-related costs	20.9			—	—		—			20.9
Other operating (expense) income	(1.2		)	—	43.4		—			42.2
Operating income	8.9			—	98.3		—			107.2
Earnings of non-consolidated affiliates	0.8			—	—		—			0.8
Equity income (loss) in subsidiaries	61.4			—	—		(61.4		)	—
Interest expense	26.3			—	1.7		(2.7		)	25.3
Interest income	1.7			—	1.6		(2.7		)	0.6
Income (loss) before taxes	46.5			—	98.2		(61.4		)	83.3
Income tax (benefit) provision	(8.9		)	—	36.8		—			27.9
Net income (loss)	$	55.4		—	$	61.4	$	(61.4	)	$	55.4

CONDENSED CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Three Months Ended June 30, 2015
(In millions)
(Unaudited)
	Parent Guarantor			Issuer	Subsidiary Non-Guarantor		Eliminations			Total
Sales	$	333.8		—	$	314.6	$	(113.0	)	$	535.4
Operating expenses:
Cost of goods sold	292.3			—	266.2		(113.0		)	445.5
Selling and administration	23.3			—	16.6		—			39.9
Restructuring charges	0.3			—	0.4		—			0.7
Acquisition-related costs	10.5			—	—		—			10.5
Other operating (expense) income	(0.6		)	—	43.0		—			42.4
Operating income	6.8			—	74.4		—			81.2
Earnings of non-consolidated affiliates	0.4			—	—		—			0.4
Equity income (loss) in subsidiaries	46.3			—	—		(46.3		)	—
Interest expense	18.4			—	1.2		(1.4		)	18.2
Interest income	0.9			—	0.8		(1.4		)	0.3
Income (loss) before taxes	36.0			—	74.0		(46.3		)	63.7
Income tax (benefit) provision	(6.3		)	—	27.7		—			21.4
Net income (loss)	$	42.3		—	$	46.3	$	(46.3	)	$	42.3

Supplemental Guarantor Financial Information Statements Of Comprehensive Income

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Six Months Ended June 30, 2016
(In millions)
(Unaudited)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor		Eliminations			Total
Net (loss) income	$	(38.9	)	$	11.5	$	26.6	$	(38.1	)	$	(38.9	)
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net	—			—		4.7		—			4.7
Unrealized gains on derivative contracts, net	1.2			—		—		—			1.2
Amortization of prior service costs and actuarial losses, net	6.7			—		0.6		—			7.3
Total other comprehensive income, net of tax	7.9			—		5.3		—			13.2
Comprehensive (loss) income	$	(31.0	)	$	11.5	$	31.9	$	(38.1	)	$	(25.7	)

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Three Months Ended June 30, 2016
(In millions)
(Unaudited)
	Parent Guarantor			Issuer			Subsidiary Non-Guarantor			Eliminations			Total
Net (loss) income	$	(1.0	)	$	(7.2	)	$	30.5		$	(23.3	)	$	(1.0	)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net	—			—			(10.8		)	—			(10.8		)
Unrealized losses on derivative contracts, net	(1.8		)	—			—			—			(1.8		)
Amortization of prior service costs and actuarial losses, net	3.4			—			0.1			—			3.5
Total other comprehensive income (loss), net of tax	1.6			—			(10.7		)	—			(9.1		)
Comprehensive income (loss)	$	0.6		$	(7.2	)	$	19.8		$	(23.3	)	$	(10.1	)

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Six Months Ended June 30, 2015
(In millions)
(Unaudited)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations			Total
Net income (loss)	$	55.4		$	—	$	61.4		$	(61.4	)	$	55.4
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments, net	—			—		(1.1		)	—			(1.1		)
Unrealized losses on derivative contracts, net	(0.5		)	—		—			—			(0.5		)
Amortization of prior service costs and actuarial losses, net	9.7			—		0.7			—			10.4
Total other comprehensive income (loss), net of tax	9.2			—		(0.4		)	—			8.8
Comprehensive income (loss)	$	64.6		$	—	$	61.0		$	(61.4	)	$	64.2

CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
Three Months Ended June 30, 2015
(In millions)
(Unaudited)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor		Eliminations			Total
Net income (loss)	$	42.3		$	—	$	46.3	$	(46.3	)	$	42.3
Other comprehensive income, net of tax:
Foreign currency translation adjustments, net	—			—		0.3		—			0.3
Unrealized losses on derivative contracts, net	(0.2		)	—		—		—			(0.2		)
Amortization of prior service costs and actuarial losses, net	5.0			—		0.3		—			5.3
Total other comprehensive income, net of tax	4.8			—		0.6		—			5.4
Comprehensive income (loss)	$	47.1		$	—	$	46.9	$	(46.3	)	$	47.7

Supplemental Guarantor Financial Information Statements Of Cash Flows

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Six Months Ended June 30, 2016
(In millions)
(Unaudited)
	Parent Guarantor			Issuer		Subsidiary Non-Guarantor			Eliminations	Total
Net operating activities	$	305.4		—		$	(119.2	)	—	$	186.2
Investing Activities
Capital expenditures	(26.8		)	—		(110.6		)	—	(137.4		)
Business acquired in purchase transaction, net of cash acquired	(69.5		)	—		—			—	(69.5		)
Payments under long-term supply contract	—			—		(85.0		)	—	(85.0		)
Proceeds from disposition of property, plant and equipment	0.2			—		0.2			—	0.4
Proceeds from disposition of affiliated companies	4.4			—		—			—	4.4
Net investing activities	(91.7		)	—		(195.4		)	—	(287.1		)
Financing Activities
Long-term debt repayments	(125.2		)	(33.8	)	—			—	(159.0		)
Stock options exercised	0.2			—		—			—	0.2
Dividends paid	(66.1		)	—		—			—	(66.1		)
Intercompany financing activities	(118.8		)	33.8		85.0			—	—
Net financing activities	(309.9		)	—		85.0			—	(224.9		)
Effect of exchange rate changes on cash and cash equivalents	—			—		0.4			—	0.4
Net decrease in cash and cash equivalents	(96.2		)	—		(229.2		)	—	(325.4		)
Cash and cash equivalents, beginning of year	119.4			—		272.6			—	392.0
Cash and cash equivalents, end of year	$	23.2		—		$	43.4		—	$	66.6

CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
Six Months Ended June 30, 2015
(In millions)
(Unaudited)
	Parent Guarantor			Issuer	Subsidiary Non-Guarantor			Eliminations	Total
Net operating activities	$	47.0		—	$	1.1		—	$	48.1
Investing Activities
Capital expenditures	(38.2		)	—	(12.9		)	—	(51.1		)
Proceeds from disposition of property, plant and equipment	0.2			—	24.5			—	24.7
Proceeds from disposition of affiliated companies	4.4			—	—			—	4.4
Other investing activities	—			—	(1.1		)	—	(1.1		)
Net investing activities	(33.6		)	—	10.5			—	(23.1		)
Financing Activities
Long-term debt repayments	(2.1		)	—	—			—	(2.1		)
Stock options exercised	2.1			—	—			—	2.1
Excess tax benefits from stock-based compensation	0.3			—	—			—	0.3
Dividends paid	(31.0		)	—	—			—	(31.0		)
Debt and equity issuance costs	(18.7		)	—	—			—	(18.7		)
Net financing activities	(49.4		)	—	—			—	(49.4		)
Net (decrease) increase in cash and cash equivalents	(36.0		)	—	11.6			—	(24.4		)
Cash and cash equivalents, beginning of year	239.4			—	17.4			—	256.8
Cash and cash equivalents, end of year	$	203.4		—	$	29.0		—	$	232.4