GUARANTOR FINANCIAL INFORMATION (Tables)

12 Months Ended

Dec. 31, 2013

Disclosure Guarantor Financial Information Additional Information [Abstract]

Consolidating Condensed Balance Sheets

Condensed Consolidating Balance Sheets
As of December 31, 2013
	Products Corporation			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	141.3		$	0.8	$	102.0	$	—		$	244.1
Trade receivables, less allowances for doubtful accounts	88.7			24.5		140.3		—			253.5
Inventories	78.0			9.5		87.5		—			175.0
Deferred income taxes - current	44.2			—		20.9		—			65.1
Prepaid expenses and other	111.6			4.7		39.8		—			156.1
Intercompany receivables	1,051.3			614.5		474.1		(2,139.9		)	—
Investment in subsidiaries	517.3			400.6		—		(917.9		)	—
Property, plant and equipment, net	86.7			0.6		108.6		—			195.9
Deferred income taxes - noncurrent	110.0			—		54.8		—			164.8
Goodwill	185.8			30.0		258.9		—			474.7
Intangible assets, net	57.4			0.3		297.0		—			354.7
Other assets	90.9			1.6		27.4		—			119.9
Total assets	$	2,563.2		$	1,087.1	$	1,611.3	$	(3,057.8	)	$	2,203.8
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—		$	1.8	$	6.1	$	—		$	7.9
Current portion of long-term debt	65.4			—		—		—			65.4
Accounts payable	72.2			6.2		87.3		—			165.7
Accrued expenses and other	161.8			13.4		138.4		—			313.6
Intercompany payables	790.0			675.9		674.0		(2,139.9		)	—
Long-term debt	1,861.4			—		0.9		—			1,862.3
Other long-term liabilities	128.9			2.9		173.6		—			305.4
Total liabilities	3,079.7			700.2		1,080.3		(2,139.9		)	2,720.3
Stockholder’s deficiency	(516.5		)	386.9		531.0		(917.9		)	(516.5		)
Total liabilities and stockholder’s deficiency	$	2,563.2		$	1,087.1	$	1,611.3	$	(3,057.8	)	$	2,203.8

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
Twelve Months Ended December 31, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	972.8		$	90.5		$	626.6		$	(195.2	)	$	1,494.7
Cost of sales	438.4			45.6			256.3			(195.2		)	545.1
Gross profit	534.4			44.9			370.3			—			949.6
Selling, general and administrative expenses	418.1			37.8			267.7			—			723.6
Acquisition and integration costs	24.2			—			1.2			—			25.4
Restructuring charges and other, net	—			0.4			3.1			—			3.5
Operating income	92.1			6.7			98.3			—			197.1
Other expenses, net:
Intercompany interest, net	(0.8		)	(0.6		)	6.2			—			4.8
Interest expense	72.9			0.3			0.6			—			73.8
Amortization of debt issuance costs	3.5			—			—			—			3.5
Loss on early extinguishment of debt, net	29.7			—			—			—			29.7
Foreign currency losses, net	3.2			1.3			(0.8		)	—			3.7
Miscellaneous, net	(2.4		)	(11.5		)	14.9			—			1.0
Other expenses, net	106.1			(10.5		)	20.9			—			116.5
(Loss) income from continuing operations before income taxes	(14.0		)	17.2			77.4			—			80.6
Provision for income taxes	39.9			0.3			8.4			—			48.6
(Loss) income from continuing operations	(53.9		)	16.9			69.0			—			32.0
Income (loss) from discontinued operations, net of taxes	0.3			—			(30.7		)	—			(30.4		)
Equity in income of subsidiaries	55.2			24.6			—			(79.8		)	—
Net income	$	1.6		$	41.5		$	38.3		$	(79.8	)	$	1.6
Other comprehensive income	58.4			16.7			10.2			(26.9		)	58.4
Total comprehensive income	$	60.0		$	58.2		$	48.5		$	(106.7	)	$	60.0

Condensed Consolidating Statements of Income and Comprehensive Income
Twelve Months Ended December 31, 2012
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	929.9		$	113.6		$	546.4		$	(193.5	)	$	1,396.4
Cost of sales	418.6			53.7			215.0			(193.5		)	493.8
Gross profit	511.3			59.9			331.4			—			902.6
Selling, general and administrative expenses	397.2			47.3			218.8			—			663.3
Restructuring charges and other, net	1.2			0.7			18.6			—			20.5
Operating income	112.9			11.9			94.0			—			218.8
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			2.7			—			2.8
Miscellaneous, net	(70.1		)	6.8			64.5			—			1.2
Other expenses, net	12.1			6.8			73.8			—			92.7
Income from continuing operations before income taxes	100.8			5.1			20.2			—			126.1
Provision for income taxes	25.0			8.9			10.9			—			44.8
Income (loss) from continuing operations	75.8			(3.8		)	9.3			—			81.3
Income (loss) from discontinued operations, net of taxes	0.4			—			(10.5		)	—			(10.1		)
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
Twelve Months Ended December 31, 2011
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net Sales	$	883.7		$	95.2		$	541.0		$	(172.4	)	$	1,347.5
Cost of sales	399.8			45.0			208.8			(172.4		)	481.2
Gross profit	483.9			50.2			332.2			—			866.3
Selling, general and administrative expenses	391.9			40.6			220.3			—			652.8
Operating income	92.0			9.6			111.9			—			213.5
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 extinguishment of debt, net	11.2			—			—			—			11.2
Foreign currency (gains) losses, net	(1.5		)	0.5			5.7			—			4.7
Miscellaneous, net	(47.9		)	(1.9		)	51.4			—			1.6
Other expenses, net	49.8			(2.1		)	64.6			—			112.3
Income from continuing operations before income taxes	42.2			11.7			47.3			—			101.2
Provision for income taxes	26.8			3.2			5.4			—			35.4
Income from continuing operations	15.4			8.5			41.9			—			65.8
Income (loss) from discontinued operations, net of taxes	0.6			—			(2.4		)	—			(1.8		)
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

Consolidating Condensed Statement of Cash Flow

Condensed Consolidating Statements of Cash Flows
For the Twelve Months Ended December 31, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash provided by operating activities	$	76.9		$	4.6		$	41.8		$	—	$	123.3
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(21.1		)	(0.6		)	(6.9		)	—		(28.6		)
Business acquisition, net of cash and cash equivalents acquired	(627.6		)	—			—			—		(627.6		)
Insurance proceeds for property, plant and equipment	—			—			13.1			—		13.1
Proceeds from the sale of certain assets	0.3			—			3.4			—		3.7
Net cash (used in) provided by investing activities	(648.4		)	(0.6		)	9.6			—		(639.4		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in short-term borrowings and overdraft	(2.0		)	(3.2		)	(1.1		)	—		(6.3		)
Borrowings under the Acquisition Term Loan	698.3			—			—			—		698.3
Proceeds from the issuance of the 5¾% Senior Notes	500.0			—			—			—		500.0
Repayment under the 2011 Term Loan Facility	(113.0		)	—			—			—		(113.0		)
Repayment of the 9¾% Senior Secured Notes	(330.0		)	—			—			—		(330.0		)
Repayment of Contributed Loan	(48.6		)									(48.6		)
Payment of financing costs	(48.8		)	—			—			—		(48.8		)
Other financing activities	(2.2		)	—			(0.4		)	—		(2.6		)
Net cash provided by (used in) financing activities	653.7			(3.2		)	(1.5		)	—		649.0
Effect of exchange rate changes on cash and cash equivalents	—			—			(5.1		)	—		(5.1		)
Net increase in cash and cash equivalents	82.2			0.8			44.8			—		127.8
Cash and cash equivalents at beginning of period	59.1			—			57.2			—		116.3
Cash and cash equivalents at end of period	$	141.3		$	0.8		$	102.0		$	—	$	244.1

Condensed Consolidating Statements of Cash Flows
For the Twelve Months 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 the sale 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		)
Payments 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 Twelve Months 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 the sale 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 (decrease) 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		)
Payments 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