Supplemental Guarantor Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2013



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,233.0		$	4,188.2		$	—		$	6,421.2
Intercompany	56.0			292.0			281.4			(629.4		)	—
	56.0			2,525.0			4,469.6			(629.4		)	6,421.2
Cost of sales	—			2,244.5			4,046.4			(573.4		)	5,717.5
Gross profit	56.0			280.5			423.2			(56.0		)	703.7
Selling, general and administrative expenses	43.4			188.7			315.9			(56.0		)	492.0
Operating income	12.6			91.8			107.3			—			211.7
Other income (expense)	—			(6.2		)	(60.5		)	—			(66.7		)
Interest income (expense):
Interest expense	(86.9		)	(110.7		)	(48.1		)	120.8			(124.9		)
Interest income	105.1			15.2			7.4			(120.8		)	6.9
	18.2			(95.5		)	(40.7		)	—			(118.0		)
Income (loss) before income taxes	30.8			(9.9		)	6.1			—			27.0
Income tax (provision) benefit	(11.5		)	13.8			(41.1		)	—			(38.8		)
Equity in net earnings of affiliated companies and subsidiaries	(37.1		)	(41.0		)	0.8			79.0			1.7
Net income (loss) including noncontrolling interest	(17.8		)	(37.1		)	(34.2		)	79.0			(10.1		)
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			7.7			—			7.7
Net income (loss) attributable to Company common shareholders	$	(18.1	)	$	(37.1	)	$	(41.9	)	$	79.0		$	(18.1	)
Comprehensive income (loss):
Net income (loss)	$	(17.8	)	$	(37.1	)	$	(34.2	)	$	79.0		$	(10.1	)
Currency translation gain (loss)	(39.2		)	(39.2		)	(55.8		)	87.3			(46.9		)
Defined benefit plan adjustments, net of tax	31.8			31.8			12.3			(43.9		)	32.0
Change in fair value of derivatives, net of tax	(0.1		)	(0.1		)	0.3			0.2			0.3
Comprehensive income (loss), net of tax	(25.3		)	(44.6		)	(77.4		)	122.6			(24.7		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			0.6			—			0.6
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(25.3	)	$	(44.6	)	$	(78.0	)	$	122.6		$	(25.3	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2012



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	2,015.8		$	4,043.7		$	—		$	6,059.5
Intercompany	54.4			150.3			320.6			(525.3		)	—
	54.4			2,166.1			4,364.3			(525.3		)	6,059.5
Cost of sales	—			1,903.6			4,001.9			(470.9		)	5,434.6
Gross profit	54.4			262.5			362.4			(54.4		)	624.9
Selling, general and administrative expenses	41.5			150.6			287.8			(54.4		)	425.5
Operating income	12.9			111.9			74.6			—			199.4
Other income (expense)	—			—			(2.9		)	—			(2.9		)
Interest income (expense):
Interest expense	(70.6		)	(96.1		)	(48.0		)	107.9			(106.8		)
Interest income	91.6			15.5			7.3			(107.9		)	6.5
Loss on extinguishment of debt	(9.3		)	—			—			—			(9.3		)
	11.7			(80.6		)	(40.7		)	—			(109.6		)
Income (loss) before income taxes	24.6			31.3			31.0			—			86.9
Income tax (provision) benefit	(10.9		)	(11.0		)	(56.7		)	—			(78.6		)
Equity in net earnings of affiliated companies and subsidiaries	(9.4		)	(29.7		)	1.2			39.6			1.7
Net income (loss) including noncontrolling interest	4.3			(9.4		)	(24.5		)	39.6			10.0
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			5.7			—			5.7
Net income (loss) attributable to Company common shareholders	$	4.0		$	(9.4	)	$	(30.2	)	$	39.6		$	4.0
Comprehensive income (loss):
Net income (loss)	$	4.3		$	(9.4	)	$	(24.5	)	$	39.6		$	10.0
Currency translation gain (loss)	8.4			7.6			5.1			(11.2		)	9.9
Defined benefit plan adjustments, net of tax	(21.4		)	(21.4		)	(20.0		)	41.5			(21.3		)
Change in fair value of derivatives, net of tax	5.8			5.8			2.8			(8.4		)	6.0
Comprehensive income (loss), net of tax	(2.9		)	(17.4		)	(36.6		)	61.5			4.6
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			7.5			—			7.5
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(2.9	)	$	(17.4	)	$	(44.1	)	$	61.5		$	(2.9	)

Condensed Statement of Operations and Comprehensive Income (Loss) Information

Year Ended December 31, 2011



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,857.0		$	3,951.2		$	—		$	5,808.2
Intercompany	55.9			116.4			204.9			(377.2		)	—
	55.9			1,973.4			4,156.1			(377.2		)	5,808.2
Cost of sales	—			1,742.5			3,792.7			(321.3		)	5,213.9
Gross profit	55.9			230.9			363.4			(55.9		)	594.3
Selling, general and administrative expenses	44.6			130.7			260.3			(55.9		)	379.7
Operating income	11.3			100.2			103.1			—			214.6
Other income (expense)	(0.1		)	(0.2		)	(31.4		)	—			(31.7		)
Interest income (expense):
Interest expense	(63.0		)	(91.6		)	(48.9		)	104.3			(99.2		)
Interest income	88.6			15.0			8.4			(104.3		)	7.7
	25.6			(76.6		)	(40.5		)	—			(91.5		)
Income (loss) before income taxes	36.8			23.4			31.2			—			91.4
Income tax (provision) benefit	(15.8		)	2.6			(25.4		)	—			(38.6		)
Equity in net earnings of affiliated companies and subsidiaries	33.8			7.8			2.6			(41.3		)	2.9
Net income (loss) including noncontrolling interest	54.8			33.8			8.4			(41.3		)	55.7
Less: preferred stock dividends	0.3			—			—			—			0.3
Less: net income (loss) attributable to noncontrolling interest	—			—			0.9			—			0.9
Net income (loss) attributable to Company common shareholders	$	54.5		$	33.8		$	7.5		$	(41.3	)	$	54.5
Comprehensive income (loss):
Net income (loss)	$	54.8		$	33.8		$	8.4		$	(41.3	)	$	55.7
Currency translation gain (loss)	(57.1		)	(56.6		)	(51.8		)	104.9			(60.6		)
Defined benefit plan adjustments, net of tax	(15.6		)	(15.6		)	(3.0		)	16.2			(18.0		)
Change in fair value of derivatives, net of tax	(37.5		)	(37.5		)	(33.8		)	71.2			(37.6		)
Comprehensive income (loss), net of tax	(55.4		)	(75.9		)	(80.2		)	151.0			(60.5		)
Comprehensive income (loss) attributable to noncontrolling interest, net of tax	—			—			(5.1		)	—			(5.1		)
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax	$	(55.4	)	$	(75.9	)	$	(75.1	)	$	151.0		$	(55.4	)

Condensed Balance Sheets

Condensed Balance Sheet Information

December 31, 2013



	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash	$	0.2	$	2.2		$	416.4	$	—		$	418.8
Receivables, net of allowances	—		258.5			913.2		—			1,171.7
Inventories	—		438.0			801.6		—			1,239.6
Deferred income taxes	—		23.3			26.9		—			50.2
Prepaid expenses and other	1.9		32.7			91.6		—			126.2
Total current assets	2.1		754.7			2,249.7		—			3,006.5
Property, plant and equipment, net	0.6		231.9			859.5		—			1,092.0
Deferred income taxes	—		—			15.8		—			15.8
Intercompany accounts	1,305.5		507.7			35.8		(1,849.0		)	—
Investment in subsidiaries	1,050.4		1,332.3			—		(2,382.7		)	—
Goodwill	—		13.7			170.9		—			184.6
Intangible assets, net	—		15.5			167.4		—			182.9
Unconsolidated affiliated companies	—		8.0			11.0		—			19.0
Other non-current assets	13.7		33.8			30.6		—			78.1
Total assets	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	118.5		$	752.1	$	—		$	870.6
Accrued liabilities	13.8		103.9			317.2		—			434.9
Current portion of long-term debt	—		—			250.3		—			250.3
Total current liabilities	13.8		222.4			1,319.6		—			1,555.8
Long-term debt	902.0		225.0			9.6		—			1,136.6
Deferred income taxes	175.2		(19.4		)	78.0		—			233.8
Intercompany accounts	—		1,339.7			509.3		(1,849.0		)	—
Other liabilities	1.1		79.5			175.3		—			255.9
Total liabilities	1,092.1		1,847.2			2,091.8		(1,849.0		)	3,182.1
Redeemable noncontrolling interest	—		—			17.0		—			17.0
Total Company shareholders’ equity	1,280.2		1,050.4			1,332.3		(2,382.7		)	1,280.2
Noncontrolling interest	—		—			99.6		—			99.6
Total liabilities and equity	$	2,372.3	$	2,897.6		$	3,540.7	$	(4,231.7	)	$	4,578.9

Condensed Balance Sheet Information

December 31, 2012



	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash	$	65.3	$	44.2		$	512.8	$	—		$	622.3
Receivables, net of allowances	—		277.6			904.5		—			1,182.1
Inventories	—		460.0			813.6		—			1,273.6
Deferred income taxes	—		24.4			15.1		—			39.5
Prepaid expenses and other	2.3		20.9			109.8		—			133.0
Total current assets	67.6		827.1			2,355.8		—			3,250.5
Property, plant and equipment, net	0.4		238.2			955.3		—			1,193.9
Deferred income taxes	—		—			12.8		—			12.8
Intercompany accounts	1,566.7		491.0			40.2		(2,097.9		)	—
Investment in subsidiaries	1,086.9		1,367.4			—		(2,454.3		)	—
Goodwill	—		15.0			172.6		—			187.6
Intangible assets, net	—		17.7			185.2		—			202.9
Unconsolidated affiliated companies	—		7.3			11.6		—			18.9
Other non-current assets	15.3		26.4			24.3		—			66.0
Total assets	$	2,736.9	$	2,990.1		$	3,757.8	$	(4,552.2	)	$	4,932.6
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—	$	103.8		$	899.2	$	—		$	1,003.0
Accrued liabilities	12.1		109.1			374.9		—			496.1
Current portion of long-term debt	334.6		—			176.6		—			511.2
Total current liabilities	346.7		212.9			1,450.7		—			2,010.3
Long-term debt	900.5		—			38.4		—			938.9
Deferred income taxes	156.9		(18.2		)	85.2		—			223.9
Intercompany accounts	—		1,606.9			491.0		(2,097.9		)	—
Other liabilities	1.1		101.6			190.0		—			292.7
Total liabilities	1,405.2		1,903.2			2,255.3		(2,097.9		)	3,465.8
Redeemable noncontrolling interest	—		—			18.6		—			18.6
Total Company shareholders’ equity	1,331.7		1,086.9			1,367.4		(2,454.3		)	1,331.7
Noncontrolling interest	—		—			116.5		—			116.5
Total liabilities and equity	$	2,736.9	$	2,990.1		$	3,757.8	$	(4,552.2	)	$	4,932.6

Condensed Statements Of Cash Flows

Condensed Statement of Cash Flows Information

Year Ended December 31, 2013



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	56.0		$	102.4		$	(120.2	)	$	—	$	38.2
Cash flows of investing activities:							—
Capital expenditures	(0.3		)	(29.1		)	(59.7		)	—		(89.1		)
Acquisitions, net of cash acquired	—			(2.3		)	(4.6		)	—		(6.9		)
Proceeds from properties sold	—			0.3			0.1			—		0.4
Other	—			(43.7		)	44.7			—		1.0
Net cash flows of investing activities	(0.3		)	(74.8		)	(19.5		)	—		(94.6		)
Cash flows of financing activities:
Preferred stock dividend paid	(27.0		)	—			—			—		(27.0		)
Intercompany accounts	280.0			(308.3		)	28.3			—		—
Proceeds from other debt	—			420.0			1,225.3			—		1,645.3
Repayments of other debt	—			(194.9		)	(1,162.7		)	—		(1,357.6		)
Settlement of long term debt including fees and expenses	(355.0		)	—			—			—		(355.0		)
Purchase of non-controlling interest	—			8.2			(12.2		)	—		(4.0		)
Dividends paid to non-controlling interest	—			—			(5.3		)	—		(5.3		)
Repurchase of common shares	(19.5		)	—			—			—		(19.5		)
Proceeds from exercise of stock options	0.7			—			—			—		0.7
Net cash flows of financing activities	(120.8		)	(75.0		)	73.4			—		(122.4		)
Effect of exchange rate changes on cash and cash equivalents	—			5.4			(30.1		)	—		(24.7		)
Increase (decrease) in cash and cash equivalents	(65.1		)	(42.0		)	(96.4		)	—		(203.5		)
Cash and cash equivalents — beginning of period	65.3			44.2			512.8			—		622.3
Cash and cash equivalents — end of period	$	0.2		$	2.2		$	416.4		$	—	$	418.8

Condensed Statement of Cash Flows Information

Year Ended December 31, 2012



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	55.6		$	60.6		$	156.4		$	—	$	272.6
Cash flows of investing activities:
Capital expenditures	(0.2		)	(25.1		)	(83.3		)	—		(108.6		)
Acquisitions, net of cash acquired	—			(175.3		)	(111.2		)	—		(286.5		)
Return of investment intercompany dividends	—			90.8			(90.8		)	—		—
Proceeds from properties sold	—			0.1			4.4			—		4.5
Other	(29.2		)	(129.0		)	158.5			—		0.3
Net cash flows of investing activities	(29.4		)	(238.5		)	(122.4		)	—		(390.3		)
Cash flows of financing activities:
Preferred stock dividend paid	(0.3		)	—			—			—		(0.3		)
Excess tax benefits from stock-based compensation	(0.6		)	—			—			—		(0.6		)
Intercompany accounts	(342.1		)	241.5			100.6			—		—
Proceeds from other debt	—			692.5			781.1			—		1,473.6
Repayments of other debt	—			(727.3		)	(833.5		)	—		(1,560.8		)
Issuance of long term debt	600.0			—			—			—		600.0
Settlement of long term debt including fees and expenses	(217.7		)	—			—			—		(217.7		)
Dividends paid to non-controlling interest	—			—			(3.5		)	—		(3.5		)
Repurchase of common shares	(1.2		)	—			—			—		(1.2		)
Proceeds from exercise of stock options	0.1			—			—			—		0.1
Net cash flows of financing activities	38.2			206.7			44.7			—		289.6
Effect of exchange rate changes on cash and cash equivalents	0.8			6.9			8.6			—		16.3
Increase (decrease) in cash and cash equivalents	65.2			35.7			87.3			—		188.2
Cash and cash equivalents — beginning of period	0.1			8.5			425.5			—		434.1
Cash and cash equivalents — end of period	$	65.3		$	44.2		$	512.8		$	—	$	622.3

Condensed Statement of Cash Flows Information

Year Ended December 31, 2011



	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	53.3		$	52.1		$	(7.6	)	$	—	$	97.8
Cash flows of investing activities:
Capital expenditures	(0.2		)	(20.6		)	(100.7		)	—		(121.5		)
Acquisitions, net of cash acquired	—			—			—			—		—
Proceeds from properties sold	—			—			6.5			—		6.5
Other	—			(58.1		)	58.4			—		0.3
Net cash flows of investing activities	(0.2		)	(78.7		)	(35.8		)	—		(114.7		)
Cash flows of financing activities:
Preferred stock dividend paid	(0.3		)	—			—			—		(0.3		)
Excess tax benefits from stock-based compensation	1.0			—			—			—		1.0
Intercompany accounts	(21.0		)	3.6			17.4			—		—
Proceeds from other debt	—			940.0			951.4			—		1,891.4
Repayments of other debt	—			(905.2		)	(930.6		)	—		(1,835.8		)
Dividends paid to non-controlling interest	—			—			(3.8		)	—		(3.8		)
Repurchase of common shares	(62.5		)	—			—			—		(62.5		)
Proceeds from exercise of stock options	1.5			—			—			—		1.5
Net cash flows of financing activities	(81.3		)	38.4			34.4			—		(8.5		)
Effect of exchange rate changes on cash and cash equivalents	(0.7		)	(6.2		)	7.7			—		0.8
Increase (decrease) in cash and cash equivalents	(28.9		)	5.6			(1.3		)	—		(24.6		)
Cash and cash equivalents — beginning of period	29.0			2.9			426.8			—		458.7
Cash and cash equivalents — end of period	$	0.1		$	8.5		$	425.5		$	—	$	434.1

Intercompany Cash And Non-Cash Transactions

A summary of cash and non-cash transactions of the Parent Company’s intercompany account is provided below:



	Year ended
(in millions)	Dec 31, 2013			Dec 31, 2012			Dec 31, 2011
Beginning Balance	$	1,566.7		$	1,210.4		$	1,169.7
Non-cash transactions
Convertible notes and other debt	—			—			—
Deferred tax	7.1			5.9			8.0
Equity based awards	11.7			11.7			12.7
Foreign currency and other	—			(3.4		)	(1.0		)
Cash transactions	(280.0		)	342.1			21.0
Ending Balance	$	1,305.5		$	1,566.7		$	1,210.4

Parent Company Long-Term Financing Arrangements

At December 31, 2013 and 2012, the Parent Company was party to various long-term financing arrangements, as summarized below (in millions):



(in millions)	Dec 31, 2013			Dec 31, 2012
5.75% Senior Notes due 2022	$	600.0		$	600.0
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(261.5		)	(263.0		)
0.875% Convertible Notes due 2013	—			355.0
Debt discount on 0.875% Convertible Notes due 2013	—			(20.4		)
Senior Floating Rate Notes	125.0			125.0
Other	9.0			9.0
Total Parent Company debt	902.0			1,235.1
Less current maturities	—			334.6
Parent Company Long-term debt	$	902.0		$	900.5

Parent Company Debt Maturities



(in millions)	2014		2015		2016		2017		2018
Debt maturities	$	—	$	125.0	$	—	$	—	$	—