GUARANTOR FINANCIAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2013

Disclosure Guarantor Financial Information Additional Information [Abstract]

Consolidating Condensed Balance Sheets

Condensed Consolidating Balance Sheets
As of September 30, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations				Consolidated
ASSETS
Cash and cash equivalents	$	103.7		$	0.1		$	35.5		$	—			$	139.3
Trade receivables, less allowances for doubtful accounts	85.0			22.8			86.3			—				194.1
Inventories	91.7			11.0			39.5			—				142.2
Deferred income taxes - current	39.2			—			10.8			—				50.0
Prepaid expenses and other	110.9			6.4			25.0			—				142.3
Intercompany receivables	963.6			611.5			429.7			(2,004.8		)		—
Investment in subsidiaries	(64.4		)	(156.9		)	—			221.3				—
Property, plant and equipment, net	91.3			0.6			10.8			—				102.7
Deferred income taxes - noncurrent	169.4			—			11.8			—				181.2
Goodwill	185.8			30.0			2.1			—				217.9
Intangible assets, net	58.5			0.3			5.9			—				64.7
Other assets	75.0			1.9			25.0			—				101.9
Total assets	$	1,909.7		$	527.7		$	682.4		$	(1,783.5	)	—	$	1,336.3
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—		$	4.9		$	1.7		$	—			$	6.6
Current portion of long-term debt	—			—			—			—				—
Current portion of long-term debt – affiliates	48.6			—			—			—				48.6
Accounts payable	73.7			5.8			23.9			—				103.4
Accrued expenses and other	140.7			11.9			72.2			—				224.8
Intercompany payables	742.3			687.2			575.3			(2,004.8		)		—
Long-term debt	1,228.2			—			—			—				1,228.2
Other long-term liabilities	217.9			3.6			44.9			—				266.4
Total liabilities	2,451.4			713.4			718.0			(2,004.8		)		1,878.0
Stockholder’s deficiency	(541.7		)	(185.7		)	(35.6		)	221.3				(541.7		)
Total liabilities and stockholder’s deficiency	$	1,909.7		$	527.7		$	682.4		$	(1,783.5	)		$	1,336.3

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

Consolidating Condensed Statement of Income and Comprehensive Income

Condensed Consolidating Statements of Income and Comprehensive Income (Loss)
For the Three Months ended September 30, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	229.4		$	25.3		$	133.2		$	(48.5	)	$	339.4
Cost of sales	106.2			12.6			53.5			(48.5		)	123.8
Gross profit	123.2			12.7			79.7			—			215.6
Selling, general and administrative expenses	106.7			9.4			58.3			—			174.4
Restructuring charges and other, net	—			0.1			(1.6		)	—			(1.5		)
Operating income	16.5			3.2			23.0			—			42.7
Other expenses (income), net:
Intercompany interest, net	0.2			(0.1		)	1.5			—			1.6
Interest expense	16.0			0.1			0.1			—			16.2
Amortization of debt issuance costs	0.8			—			—			—			0.8
Loss on early extinguishment of debt	0.2			—			—			—			0.2
Foreign currency (gains) losses, net	(1.5		)	0.5			1.4			—			0.4
Miscellaneous, net	(10.9		)	(5.8		)	17.2			—			0.5
Other expenses (income), net	4.8			(5.3		)	20.2			—			19.7
Income from continuing operations before income taxes	11.7			8.5			2.8			—			23.0
Provision for income taxes	10.9			0.4			1.7			—			13.0
Income from continuing operations	0.8			8.1			1.1			—			10.0
Income from discontinued operations, net of taxes	—			—			—			—			—
Equity in income of subsidiaries	9.2			2.2			—			(11.4		)	—
Net income	$	10.0		$	10.3		$	1.1		$	(11.4	)	$	10.0
Other comprehensive income (loss)	3.1			(1.4		)	(1.2		)	2.6			3.1
Total comprehensive income (loss)	$	13.1		$	8.9		$	(0.1	)	$	(8.8	)	$	13.1

Condensed Consolidating Statements of Operations and Comprehensive Loss
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 and other, net	1.2			0.5			19.3			—			21.0
Operating income	18.1			4.9			1.3			—			24.3
Other expenses (income), net:
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 (income) expenses, 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 Statements of Income and Comprehensive Income
For the Nine Months ended September 30, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net Sales	$	713.5		$	63.6		$	390.6	$	(146.3	)	$	1,021.4
Cost of sales	325.5			30.2			156.1		(146.3		)	365.5
Gross profit	388.0			33.4			234.5		—			655.9
Selling, general and administrative expenses	318.1			28.3			153.6		—			500.0
Restructuring charges and other, net	—			0.3			1.5		—			1.8
Operating income	69.9			4.8			79.4		—			154.1
Other expenses (income), net:
Intercompany interest, net	0.7			(0.5		)	4.5		—			4.7
Interest expense	50.3			0.2			0.3		—			50.8
Amortization of debt issuance costs	2.2			—			—		—			2.2
Loss on early extinguishment of debt	28.1			—			—		—			28.1
Foreign currency losses, net	2.5			0.4			—		—			2.9
Miscellaneous, net	(49.4		)	5.2			44.7		—			0.5
Other expenses, net	34.4			5.3			49.5		—			89.2
Income (loss) from continuing operations before income taxes	35.5			(0.5		)	29.9		—			64.9
Provision for (benefit from) income taxes	27.3			(2.0		)	7.1		—			32.4
Income from continuing operations	8.2			1.5			22.8		—			32.5
Income from discontinued operations, net of taxes	0.3			—			—		—			0.3
Equity in income of subsidiaries	24.3			19.7			—		(44.0		)	—
Net income	$	32.8		$	21.2		$	22.8	$	(44.0	)	$	32.8
Other comprehensive income	2.2			9.8			4.0		(13.8		)	2.2
Total comprehensive income	$	35.0		$	31.0		$	26.8	$	(57.8	)	$	35.0

Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
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 and other, net	1.2			0.5			19.3			—			21.0
Operating income	67.0			9.4			45.9			—			122.3
Other expenses (income), net:
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, 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

Consolidating Condensed Statement of Cash Flow

Condensed Consolidating Statements of Cash Flows
For the Nine Months Ended September 30, 2013
	Products Corporation			Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations			Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by (used in) operating activities	$	38.4		$	0.7			$	(33.3	)		$	—		$	5.8
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(15.5		)	(0.5		)		(1.9		)		—			(17.9		)
Insurance proceeds for property, plant and equipment	—			—				13.1				—			13.1
Proceeds from the sale of certain assets	0.3			—				3.1				—			3.4
Net cash (used in) provided by investing activities	(15.2		)	(0.5		)		14.3				—			(1.4		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in short-term borrowings and overdraft	(1.4		)	(0.1		)		1.7				—			0.2
Proceeds from the issuance of the 5¾% Senior Notes	500.0			—				—				—			500.0
Repayment of the 9¾% Senior Secured Notes	(330.0		)	—				—				—			(330.0		)
Repayment under the 2011 Term Loan Facility	(113.0		)	—				—				—			(113.0		)
Payment of financing costs	(32.7		)	—				—				—			(32.7		)
Other financing activities	(1.5		)	—				(0.3		)		—			(1.8		)
Net cash provided by (used in) financing activities	21.4			(0.1		)	—	1.4			—	—		—	22.7
Effect of exchange rate changes on cash and cash equivalents	—			—				(4.1		)		—			(4.1		)
Net increase (decrease) in cash and cash equivalents	44.6			0.1			—	(21.7		)	—	—		—	23.0
Cash and cash equivalents at beginning of period	59.1			—				57.2				—			116.3
Cash and cash equivalents at end of period	$	103.7		$	0.1		—	$	35.5		—	$	—	—	$	139.3

Condensed Consolidating Statements 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