GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2012

Consolidating Condensed Balance Sheets

Condensed Consolidating Balance Sheets

As of September 30, 2012

	Products Corporation			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	10.3		$	—		$	34.9		$	—		$	45.2
Trade receivables, less allowances for doubtful accounts		78.2			25.1			92.4			—			195.7
Inventories		87.4			12.7			43.3			—			143.4
Deferred income taxes – current		39.3			—			10.4			—			49.7
Prepaid expenses and other		95.2			6.3			26.2			—			127.7
Intercompany receivables		958.4			473.7			390.4			(1,822.5	)		—
Investment in subsidiaries		(123.9	)		(228.0	)		—			351.9			—
Property, plant and equipment, net		86.9			0.6			12.4			—			99.9
Deferred income taxes – noncurrent		185.8			—			13.5			—			199.3
Goodwill		150.6			65.2			1.9			—			217.7
Other assets		64.1			66.4			31.7			—			162.2
Total assets	$	1,632.3		$	422.0		$	657.1		$	(1,470.6	)	$	1,240.8
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—		$	5.8		$	2.5		$	—		$	8.3
Current portion of long-term debt		8.0			—			—			—			8.0
Accounts payable		65.8			7.1			28.9			—			101.8
Accrued expenses and other		147.0			15.1			93.8			—			255.9
Intercompany payables		596.5			633.6			592.4			(1,822.5	)		—
Long-term debt		1,160.8			—			—			—			1,160.8
Long-term debt – affiliates		48.6			—			—			—			48.6
Other long-term liabilities		217.9			2.9			48.9			—			269.7
Total liabilities		2,244.6			664.5			766.5			(1,822.5	)		1,853.1
Stockholder’s deficiency		(612.3	)		(242.5	)		(109.4	)		351.9			(612.3	)
Total liabilities and stockholder’s deficiency	$	1,632.3		$	422.0		$	657.1		$	(1,470.6	)	$	1,240.8

Condensed Consolidating Balance Sheets

As of December 31, 2011

	Products Corporation			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	57.7		$	0.1		$	43.9		$	—		$	101.7
Trade receivables, less allowances for doubtful accounts		107.1			18.2			86.7			—			212.0
Inventories		68.3			8.4			34.3			—			111.0
Deferred income taxes – current		40.0			—			9.6			—			49.6
Prepaid expenses and other		78.3			4.2			25.1			—			107.6
Intercompany receivables		907.6			445.5			362.4			(1,715.5	)		—
Investment in subsidiaries		(164.2	)		(193.0	)		—			357.2			—
Property, plant and equipment, net		85.2			0.9			12.8			—			98.9
Deferred income taxes – noncurrent		206.9			—			14.5			—			221.4
Goodwill		150.6			42.2			1.9			—			194.7
Other assets		53.6			24.5			31.1			—			109.2
Total assets	$	1,591.1		$	351.0		$	622.3		$	(1,358.3	)	$	1,206.1
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—		$	3.6		$	2.3		$	—		$	5.9
Current portion of long-term debt		8.0			—			—			—			8.0
Accounts payable		56.0			3.9			29.1			—			89.0
Accrued expenses and other		150.8			10.8			68.4			—			230.0
Intercompany payables		559.0			609.9			546.6			(1,715.5	)		—
Long-term debt		1,107.0			—			—			—			1,107.0
Long-term debt – affiliates		107.0			—			—			—			107.0
Other long-term liabilities		244.9			5.3			50.6			—			300.8
Total liabilities		2,232.7			633.5			697.0			(1,715.5	)		1,847.7
Stockholder’s deficiency		(641.6	)		(282.5	)		(74.7	)		357.2			(641.6	)
Total liabilities and stockholder’s deficiency	$	1,591.1		$	351.0		$	622.3		$	(1,358.3	)	$	1,206.1

Consolidating Condensed Statement of Operations

Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income

For the Three Months Ended September 30, 2012

	Products Corporation			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	221.1		$	34.0		$	141.3		$	(49.4	)	$	347.0
Cost of sales		101.8			15.6			59.0			(49.4	)		127.0
Gross profit		119.3			18.4			82.3			—			220.0
Selling, general and administrative expenses		100.0			13.0			61.7			—			174.7
Restructuring charges		1.2			0.5			19.3			—			21.0
Operating income		18.1			4.9			1.3			—			24.3
Other expenses (income):
Intercompany interest, net		0.2			(0.3	)		1.6			—			1.5
Interest expense		19.6			0.2			0.1			—			19.9
Amortization of debt issuance costs		0.9			—			—			—			0.9
Foreign currency (gains) losses, net		(1.1	)		0.1			0.9			—			(0.1	)
Miscellaneous, net		(27.2	)		13.7			13.6			—			0.1
Other expenses (income), net		(7.6	)		13.7			16.2			—			22.3
Income (loss) from continuing operations before income taxes		25.7			(8.8	)		(14.9	)		—			2.0
Provision for income taxes		6.4			2.3			3.3			—			12.0
Income (loss) from continuing operations		19.3			(11.1	)		(18.2	)		—			(10.0	)
Equity in loss of subsidiaries		(29.3	)		(25.2	)		—			54.5			—
Net (loss)	$	(10.0	)	$	(36.3	)	$	(18.2	)	$	54.5		$	(10.0	)
Other comprehensive (loss)		(0.1	)		(2.8	)		(3.4	)		6.2			(0.1	)
Total comprehensive (loss)	$	(10.1	)	$	(39.1	)	$	(21.6	)	$	60.7		$	(10.1	)

Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income

For the Three Months Ended September 30, 2011

	Products Corporation			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	212.2		$	28.1		$	139.7		$	(42.8	)	$	337.2
Cost of sales		98.9			13.3			53.7			(42.8	)		123.1
Gross profit		113.3			14.8			86.0			—			214.1
Selling, general and administrative expenses		96.5			11.8			59.4			—			167.7
Operating income		16.8			3.0			26.6			—			46.4
Other expenses (income):
Intercompany interest, net		—			(0.3	)		1.8			—			1.5
Interest expense		20.2			0.1			0.1			—			20.4
Amortization of debt issuance costs		0.8			—			—			—			0.8
Loss on early extinguishment of debt, net		—			—			—			—			—
Foreign currency gains, net		(0.2	)		—			(0.7	)		—			(0.9	)
Miscellaneous, net		(8.5	)		(3.8	)		12.5			—			0.2
Other expenses (income), net		12.3			(4.0	)		13.7			—			22.0
Income from continuing operations before income taxes		4.5			7.0			12.9			—			24.4
Provision for (benefit from) income taxes		12.5			(0.5	)		7.1			—			19.1
(Loss) income from continuing operations		(8.0	)		7.5			5.8			—			5.3
Equity in income of subsidiaries		13.3			1.5			—			(14.8	)		—
Net income	$	5.3		$	9.0		$	5.8		$	(14.8	)	$	5.3
Other comprehensive (loss)		(8.0	)		(9.0	)		(13.8	)		22.8			(8.0	)
Total comprehensive (loss)	$	(2.7	)	$	—		$	(8.0	)	$	8.0		$	(2.7	)

Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income

For the Nine Months Ended September 30, 2012

	Products Corporation			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	680.7		$	83.0		$	417.5		$	(146.4	)	$	1,034.8
Cost of sales		309.4			38.1			166.0			(146.4	)		367.1
Gross profit		371.3			44.9			251.5			—			667.7
Selling, general and administrative expenses		303.1			35.0			186.3			—			524.4
Restructuring charges		1.2			0.5			19.3			—			21.0
Operating income		67.0			9.4			45.9			—			122.3
Other expenses (income):
Intercompany interest, net		0.7			(0.7	)		4.6			—			4.6
Interest expense		58.9			0.3			0.3			—			59.5
Amortization of debt issuance costs		2.6			—			—			—			2.6
Foreign currency (gains) losses, net		(1.0	)		0.3			2.7			—			2.0
Miscellaneous, net		(60.3	)		7.5			53.2			—			0.4
Other expenses (income), net		0.9			7.4			60.8			—			69.1
Income (loss) from continuing operations before income taxes		66.1			2.0			(14.9	)		—			53.2
Provision for income taxes		21.9			5.1			6.1			—			33.1
Income (loss) from continuing operations		44.2			(3.1	)		(21.0	)		—			20.1
Income from discontinued operations, net of taxes		0.4			—			—			—			0.4
Equity in loss of subsidiaries		(24.1	)		(25.7	)		—			49.8			—
Net income (loss)	$	20.5		$	(28.8	)	$	(21.0	)	$	49.8		$	20.5
Other comprehensive income		7.8			2.7			1.9			(4.6	)		7.8
Total comprehensive income (loss)	$	28.3		$	(26.1	)	$	(19.1	)	$	45.2		$	28.3

Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income

For the Nine Months Ended September 30, 2011

	Products Corporation			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	659.2		$	71.8		$	420.4		$	(129.8	)	$	1,021.6
Cost of sales		295.6			33.2			159.3			(129.8	)		358.3
Gross profit		363.6			38.6			261.1			—			663.3
Selling, general and administrative expenses		300.4			31.4			188.3			—			520.1
Operating income		63.2			7.2			72.8			—			143.2
Other expenses (income):
Intercompany interest, net		(0.1	)		(0.8	)		5.5			—			4.6
Interest expense		64.2			0.2			0.3			—			64.7
Amortization of debt issuance costs		2.9			—			—			—			2.9
Loss on early extinguishment of debt, net		11.3			—			—			—			11.3
Foreign currency (gains) losses, net		(1.4	)		0.4			3.4			—			2.4
Miscellaneous, net		(43.1	)		3.4			40.9			—			1.2
Other expenses, net		33.8			3.2			50.1			—			87.1
Income from continuing operations before income taxes		29.4			4.0			22.7			—			56.1
Provision for income taxes		16.6			1.9			13.1			—			31.6
Income from continuing operations		12.8			2.1			9.6			—			24.5
Income from discontinued operations, net of taxes		0.6			—			—			—			0.6
Equity in income of subsidiaries		11.7			0.4			—			(12.1	)		—
Net income	$	25.1		$	2.5		$	9.6		$	(12.1	)	$	25.1
Other comprehensive (loss)		(6.0	)		(8.8	)		(14.4	)		23.2			(6.0	)
Total comprehensive income (loss)	$	19.1		$	(6.3	)	$	(4.8	)	$	11.1		$	19.1

Consolidating Condensed Statement of Cash Flow

Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2012

	Products Corporation			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(37.9	)	$	63.7		$	(7.9	)	$	—	$	17.9
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(13.0	)		(0.3	)		(1.5	)		—		(14.8	)
Business acquisition		—			(66.2	)		—			—		(66.2	)
Proceeds from the sale of certain assets		0.1			0.4			0.1			—		0.6
Net cash used in investing activities		(12.9	)		(66.1	)		(1.4	)		—		(80.4	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in short-term borrowings and overdraft		10.0			2.3			0.2			—		12.5
Repayments under the 2011 Term Loan Facility		(6.0	)		—			—			—		(6.0	)
Payment of financing costs		(0.1	)		—			—			—		(0.1	)
Other financing activities		(0.5	)		—			(0.2	)		—		(0.7	)
Net cash provided by financing activities		3.4			2.3			—			—		5.7
Effect of exchange rate changes on cash and cash equivalents		—			—			0.3			—		0.3
Net decrease in cash and cash equivalents		(47.4	)		(0.1	)		(9.0	)		—		(56.5	)
Cash and cash equivalents at beginning of period		57.7			0.1			43.9			—		101.7
Cash and cash equivalents at end of period	$	10.3		$	—		$	34.9		$	—	$	45.2

Condensed Consolidating Statement of Cash Flows

For the Nine Months Ended September 30, 2011

	Products Corporation			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	6.1		$	34.9		$	(20.8	)	$	—	$	20.2
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(8.2	)		(0.2	)		(1.2	)		—		(9.6	)
Business acquisition		—			(39.0	)		—					(39.0	)
Proceeds from sales of certain assets		0.1			—			0.1			—		0.2
Net cash used in investing activities		(8.1	)		(39.2	)		(1.1	)		—		(48.4	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in short-term borrowings and overdraft		4.1			4.3			1.6			—		10.0
Repayments under the 2010 Term Loan Facility		(794.0	)		—			—			—		(794.0	)
Borrowings under the 2011 Term Loan Facility		796.0			—			—			—		796.0
Repayment under the 2011 Term Loan Facility		(2.0	)		—			—			—		(2.0	)
Payment of financing costs		(4.2	)		—			—			—		(4.2	)
Other financing activities		(0.5	)		—			(0.7	)		—		(1.2	)
Net cash (used in) provided by financing activities		(0.6	)		4.3			0.9			—		4.6
Effect of exchange rate changes on cash and cash equivalents		—			—			(3.2	)		—		(3.2	)
Net decrease in cash and cash equivalents		(2.6	)		—			(24.2	)		—		(26.8	)
Cash and cash equivalents at beginning of period		20.5			0.1			56.1			—		76.7
Cash and cash equivalents at end of period	$	17.9		$	0.1		$	31.9		$	—	$	49.9