GUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2012

Guarantor Financial Information - Consolidating Condensed Balance Sheets

Condensed Consolidating Balance Sheets

As of December 31, 2012

	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	59.1		$	—		$	57.2		$	—		$	116.3
Trade receivables, less allowances for doubtful accounts		96.2			23.1			96.7			—			216.0
Inventories		74.1			6.1			34.5			—			114.7
Deferred income taxes—current		38.2			—			10.3			—			48.5
Prepaid expenses and other		92.1			4.7			23.7			—			120.5
Intercompany receivables		947.9			488.2			408.0			(1,844.1	)		—
Investment in subsidiaries		(94.6	)		(190.0	)		—			284.6			—
Property, plant and equipment, net		86.9			0.5			12.1			—			99.5
Deferred income taxes—noncurrent		189.9			—			13.2			—			203.1
Goodwill		150.6			65.2			2.0			—			217.8
Intangible assets, net		0.9			61.3			6.6						68.8
Other assets		63.5			3.5			25.5			—			92.5
Total assets	$	1,704.8		$	462.6		$	689.8		$	(1,559.5	)	$	1,297.7
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—		$	5.0		$	—		$	—		$	5.0
Current portion of long-term debt		21.5			—			—			—			21.5
Current portion of long-term debt – affiliates		48.6			—			—			—			48.6
Accounts payable		62.2			5.1			34.5			—			101.8
Accrued expenses and other		155.7			13.8			95.2			—			264.7
Intercompany payables		614.6			650.7			578.8			(1,844.1	)		—
Long-term debt		1,145.8			—			—			—			1,145.8
Other long-term liabilities		233.1			6.2			47.7			—			287.0
Total liabilities		2,281.5			680.8			756.2			(1,844.1	)		1,874.4
Stockholder’s deficiency		(576.7	)		(218.2	)		(66.4	)		284.6			(576.7	)
Total liabilities and stockholder’s deficiency	$	1,704.8		$	462.6		$	689.8		$	(1,559.5	)	$	1,297.7

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
Intangible assets, net		0.9			21.7			6.6			—			29.2
Other assets		52.7			2.8			24.5			—			80.0
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

Guarantor Financial Information - Consolidating Condensed Statement of Income and Comperhensive Income

Condensed Consolidating Statements of Income and Comprehensive Income

For the Year Ended December 31, 2012

	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	929.9		$	113.6		$	576.1		$	(193.5	)	$	1,426.1
Cost of sales		418.6			53.7			227.7			(193.5	)		506.5
Gross profit		511.3			59.9			348.4			—			919.6
Selling, general and administrative expenses		397.2			47.3			246.4			—			690.9
Restructuring charges		1.2			0.7			18.8			—			20.7
Operating income		112.9			11.9			83.2			—			208.0
Other expenses, net:
Intercompany interest, net		0.8			(0.8	)		6.2			—			6.2
Interest expense		78.4			0.3			0.4			—			79.1
Amortization of debt issuance costs		3.4			—			—			—			3.4
Foreign currency (gains) losses, net		(0.4	)		0.5			2.6			—			2.7
Miscellaneous, net		(70.1	)		6.8			64.3			—			1.0
Other expenses, net		12.1			6.8			73.5			—			92.4
Income from continuing operations before income taxes		100.8			5.1			9.7			—			115.6
Provision for income taxes		25.0			8.9			10.9			—			44.8
Income (loss) from continuing operations, net of taxes		75.8			(3.8	)		(1.2	)		—			70.8
Income from discontinued operations, net of taxes		0.4			—			—			—			0.4
Equity in loss of subsidiaries		(5.0	)		(11.9	)		—			16.9			—
Net income (loss)	$	71.2		$	(15.7	)	$	(1.2	)	$	16.9		$	71.2
Other comprehensive (loss) income		(7.3	)		10.6			12.8			(23.4	)		(7.3	)
Total comprehensive income (loss)	$	63.9		$	(5.1	)	$	11.6		$	(6.5	)	$	63.9

Condensed Consolidating Statements of Income and Comprehensive Income

For the Year Ended December 31, 2011

	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	883.7		$	95.2		$	574.9		$	(172.4	)	$	1,381.4
Cost of sales		399.8			45.0			220.2			(172.4	)		492.6
Gross profit		483.9			50.2			354.7			—			888.8
Selling, general and administrative expenses		391.9			40.6			245.6			—			678.1
Operating income		92.0			9.6			109.1			—			210.7
Other expenses, net:
Intercompany interest, net		0.1			(1.0	)		7.1			—			6.2
Interest expense		84.2			0.3			0.4			—			84.9
Amortization of debt issuance costs		3.7			—			—			—			3.7
Loss on early extinguishment of debt, net		11.2			—			—			—			11.2
Foreign currency (gains) losses, net		(1.5	)		0.5			5.4			—			4.4
Miscellaneous, net		(47.9	)		(1.9	)		51.3			—			1.5
Other expenses, net		49.8			(2.1	)		64.2			—			111.9
Income from continuing operations before income taxes		42.2			11.7			44.9			—			98.8
Provision for income taxes		26.8			3.2			5.4			—			35.4
Income from continuing operations, net of taxes		15.4			8.5			39.5			—			63.4
Income from discontinued operations, net of taxes		0.6			—			—			—			0.6
Equity in income of subsidiaries		48.0			10.8			—			(58.8	)		—
Net income	$	64.0		$	19.3		$	39.5		$	(58.8	)	$	64.0
Other comprehensive loss		(50.6	)		(6.3	)		(14.3	)		20.6			(50.6	)
Total comprehensive income	$	13.4		$	13.0		$	25.2		$	(38.2	)	$	13.4

Condensed Consolidating Statements of Income and Comprehensive Income

For the Year Ended December 31, 2010

	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	854.2		$	69.4		$	546.1		$	(148.3	)	$	1,321.4
Cost of sales		367.8			32.0			203.8			(148.3	)		455.3
Gross profit		486.4			37.4			342.3			—			866.1
Selling, general and administrative expenses		399.6			32.5			227.2			—			659.3
Restructuring charges		(0.2	)		—			(0.1	)		—			(0.3	)
Operating income		87.0			4.9			115.2			—			207.1
Other expenses, net:
Intercompany interest, net		(0.1	)		(1.1	)		7.4			—			6.2
Interest expense		89.9			0.3			0.3			—			90.5
Amortization of debt issuance costs		4.5			—			—			—			4.5
Loss on early extinguishment of debt, net		9.7			—			—			—			9.7
Foreign currency (gains) losses, net		(4.6	)		(0.3	)		11.2			—			6.3
Miscellaneous, net		(46.9	)		2.9			45.2			—			1.2
Other expenses, net		52.5			1.8			64.1			—			118.4
Income from continuing operations before income taxes		34.5			3.1			51.1			—			88.7
(Benefit from) provision for income taxes		(255.8	)		4.1			16.4			—			(235.3	)
Income (loss) from continuing operations, net of taxes		290.3			(1.0	)		34.7			—			324.0
Income from discontinued operations, net of taxes		0.3			—			—			—			0.3
Equity in income of subsidiaries		33.7			18.5			—			(52.2	)		—
Net income	$	324.3		$	17.5		$	34.7		$	(52.2	)	$	324.3
Other comprehensive income (loss)		7.6			(7.9	)		(7.7	)		15.6			7.6
Total comprehensive income	$	331.9		$	9.6		$	27.0		$	(36.6	)	$	331.9

Guarantor Financial Information - Consolidating Condensed Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2012

	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities	$	21.3		$	64.9		$	17.9		$	—	$	104.1
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(18.1	)		(0.4	)		(2.4	)		—		(20.9	)
Business acquisition		—			(66.2	)		—			—		(66.2	)
Proceeds from sales of certain assets		0.1			0.4			0.3			—		0.8
Net cash used in investing activities		(18.0	)		(66.2	)		(2.1	)		—		(86.3	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in short-term borrowings and overdraft		7.4			1.2			(2.3	)		—		6.3
Repayments under the 2011 Term Loan Facility		(8.0	)		—			—			—		(8.0	)
Payment of financing costs		(0.4	)		—			—			—		(0.4	)
Other financing activities		(0.9	)		—			(0.4	)		—		(1.3	)
Net cash (used in) provided by financing activities		(1.9	)		1.2			(2.7	)		—		(3.4	)
Effect of exchange rate changes on cash and cash equivalents		—			—			0.2			—		0.2
Net increase (decrease) in cash and cash equivalents		1.4			(0.1	)		13.3			—		14.6
Cash and cash equivalents at beginning of period		57.7			0.1			43.9			—		101.7
Cash and cash equivalents at end of period	$	59.1		$	—		$	57.2		$	—	$	116.3

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2011

	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	58.2		$	37.4		$	(7.6	)	$	—	$	88.0
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(11.7	)		(0.4	)		(1.8	)		—		(13.9	)
Business acquisition		—			(39.0	)		—			—		(39.0	)
Proceeds from sales of certain assets		0.1			—			0.2			—		0.3
Net cash used in investing activities		(11.6	)		(39.4	)		(1.6	)		—		(52.6	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in short-term borrowings and overdraft		(2.5	)		2.0			0.7			—		0.2
Repayments under the 2010 Term Loan Facility		(794.0	)		—			—			—		(794.0	)
Borrowings under the 2011 Term Loan Facility		796.0			—			—			—		796.0
Repayments under the 2011 Term Loan Facility		(4.0	)		—			—			—		(4.0	)
Payment of financing costs		(4.3	)		—			—			—		(4.3	)
Other financing activities		(0.6	)		—			(0.8	)		—		(1.4	)
Net cash (used in) provided by financing activities		(9.4	)		2.0			(0.1	)		—		(7.5	)
Effect of exchange rate changes on cash and cash equivalents		—			—			(2.9	)		—		(2.9	)
Net increase (decrease) in cash and cash equivalents		37.2			—			(12.2	)		—		25.0
Cash and cash equivalents at beginning of period		20.5			0.1			56.1			—		76.7
Cash and cash equivalents at end of period	$	57.7		$	0.1		$	43.9		$	—	$	101.7

Condensed Consolidating Statements of Cash Flows

For the Year Ended December 31, 2010

	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	70.8		$	(0.9	)	$	26.8		$	—	$	96.7
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures		(13.7	)		(0.1	)		(1.4	)		—		(15.2	)
Proceeds from sales of certain assets		—			—			0.3			—		0.3
Net cash used in investing activities		(13.7	)		(0.1	)		(1.1	)		—		(14.9	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in short-term borrowings and overdraft		(12.8	)		0.7			1.5			—		(10.6	)
Repayments under the 2006 Term Loan Facility		(815.0	)		—			—			—		(815.0	)
Borrowings under the 2010 Term Loan Facility		786.0			—			—			—		786.0
Repayments under the 2010 Term Loan Facility		(6.0	)		—			—			—		(6.0	)
Payment of financing costs		(17.0	)		—			—			—		(17.0	)
Other financing activities		0.8			—			(0.5	)		—		0.3
Net cash (used in) provided by financing activities		(64.0	)		0.7			1.0			—		(62.3	)
Effect of exchange rate changes on cash and cash equivalents		—			—			2.7			—		2.7
Net (decrease) increase in cash and cash equivalents		(6.9	)		(0.3	)		29.4			—		22.2
Cash and cash equivalents at beginning of period		27.4			0.4			26.7			—		54.5
Cash and cash equivalents at end of period	$	20.5		$	0.1		$	56.1		$	0	$	76.7