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GUARANTOR FINANCIAL INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Condensed Consolidating Balance Sheets
Condensed Consolidating Balance Sheets
As of December 31, 2017
 
Products Corporation
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
0.3

 
$
5.3

 
$
81.5

 
$
—

 
$
87.1

Trade receivables, less allowances for doubtful accounts
103.1

 
99.7

 
242.0

 
—

 
444.8

Inventories
121.8

 
160.7

 
215.4

 
—

 
497.9

Prepaid expenses and other
164.9

 
24.0

 
62.4

 
—

 
251.3

Intercompany receivables
1,422.0

 
1,309.4

 
154.5

 
(2,885.9
)
 
—

Investment in subsidiaries
1,637.9

 
35.4

 
—

 
(1,673.3
)
 
—

Property, plant and equipment, net
186.5

 
73.8

 
112.4

 
—

 
372.7

Deferred income taxes
13.8

 
—

 
105.1

 
—

 
118.9

Goodwill
177.9

 
264.0

 
250.6

 
—

 
692.5

Intangible assets, net
44.1

 
438.5

 
109.5

 
—

 
592.1

Other assets
50.8

 
30.3

 
37.3

 
—

 
118.4

      Total assets
$
3,923.1

 
$
2,441.1

 
$
1,370.7

 
$
(4,559.2
)
 
$
3,175.7

LIABILITIES AND STOCKHOLDER’S (DEFICIENCY) EQUITY
Short-term borrowings
$
—

 
$
—

 
$
12.4

 
$
—

 
12.4

Current portion of long-term debt
170.1

 
—

 
0.1

 
—

 
170.2

Accounts payable
130.2

 
85.7

 
121.0

 
—

 
336.9

Accrued expenses and other
187.0

 
48.4

 
181.1

 
—

 
416.5

Intercompany payables
1,240.2

 
1,185.1

 
460.6

 
(2,885.9
)
 
—

Long-term debt
2,653.2

 
—

 
0.5

 
—

 
2,653.7

Other long-term liabilities
197.8

 
10.4

 
33.2

 
—

 
241.4

      Total liabilities
4,578.5

 
1,329.6

 
808.9

 
(2,885.9
)
 
3,831.1

Stockholder’s deficiency
(655.4
)
 
1,111.5

 
561.8

 
(1,673.3
)
 
(655.4
)
Total liabilities and stockholder’s deficiency
$
3,923.1

 
$
2,441.1

 
$
1,370.7

 
$
(4,559.2
)
 
$
3,175.7


Condensed Consolidating Balance Sheets
As of December 31, 2016
 
Products Corporation
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
20.0

 
$
34.3

 
$
132.1

 
$
—

 
$
186.4

Trade receivables, less allowances for doubtful accounts
104.6

 
104.8

 
214.5

 
—

 
423.9

Inventories
96.8

 
150.5

 
177.3

 
—

 
424.6

Prepaid expenses and other
155.3

 
15.1

 
47.2

 
—

 
217.6

Intercompany receivables
790.1

 
635.7

 
127.8

 
(1,553.6
)
 
—

Investment in subsidiaries
1,610.1

 
3.0

 
—

 
(1,613.1
)
 
—

Property, plant and equipment, net
142.1

 
84.0

 
94.4

 
—

 
320.5

Deferred income taxes
26.2

 
(1.1
)
 
111.0

 
—

 
136.1

Goodwill
188.7

 
251.7

 
249.1

 
—

 
689.5

Intangible assets, net
49.0

 
149.1

 
438.5

 
—

 
636.6

Other assets
50.8

 
29.4

 
23.3

 
—

 
103.5

      Total assets
$
3,233.7

 
$
1,456.5

 
$
1,615.2

 
$
(3,166.7
)
 
$
3,138.7

LIABILITIES AND STOCKHOLDER’S (DEFICIENCY) EQUITY
Short-term borrowings
$
—

 
$
—

 
$
10.8

 
$
—

 
$
10.8

Current portion of long-term debt
18.0

 
—

 
0.1

 
—

 
18.1

Accounts payable
99.7

 
90.7

 
106.5

 
—

 
296.9

Accrued expenses and other
183.0

 
63.5

 
136.2

 
—

 
382.7

Intercompany payables
554.5

 
530.9

 
468.2

 
(1,553.6
)
 
—

Long-term debt
2,662.6

 
—

 
0.5

 
—

 
2,663.1

Other long-term liabilities
222.7

 
20.3

 
30.9

 
—

 
273.9

      Total liabilities
3,740.5

 
705.4

 
753.2

 
(1,553.6
)
 
3,645.5

Stockholder’s (deficiency) equity
(506.8
)
 
751.1

 
862.0

 
(1,613.1
)
 
(506.8
)
Total liabilities and stockholder’s (deficiency) equity
$
3,233.7

 
$
1,456.5

 
$
1,615.2

 
$
(3,166.7
)
 
$
3,138.7
Condensed Income Statement and Statement of Comprehensive Income
Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Twelve Months Ended December 31, 2017
 
Products Corporation
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net Sales
$
693.9

 
$
761.9

 
$
1,240.0

 
$
(2.1
)
 
$
2,693.7

Cost of sales
254.1

 
376.0

 
523.3

 
(2.1
)
 
1,151.3

Gross profit
439.8

 
385.9

 
716.7

 
—

 
1,542.4

Selling, general and administrative expenses
455.4

 
405.3

 
600.3

 
—

 
1,461.0

Acquisition and integration costs
42.6

 
6.1

 
4.2

 
—

 
52.9

Restructuring charges and other, net
—

 
19.0

 
14.4

 
—

 
33.4

Impairment Charge
10.8

 
—

 
—

 
—

 
10.8

Operating (loss) income
(69.0
)
 
(44.5
)
 
97.8

 
—

 
(15.7
)
Other expenses (income):
 
 
 
 
 
 
 
 
 
Intercompany interest, net
(7.9
)
 
1.7

 
6.2

 
—

 
—

Interest expense
149.1

 
—

 
0.7

 
—

 
149.8

Amortization of debt issuance costs
9.1

 
—

 
—

 
—

 
9.1

Foreign currency (gains) losses, net
(4.2
)
 
1.1

 
(15.4
)
 
—

 
(18.5
)
Miscellaneous, net
(56.1
)
 
(25.9
)
 
82.8

 
—

 
0.8

Other expenses (income), net
90.0

 
(23.1
)
 
74.3

 
—

 
141.2

(Loss) income from continuing operations before income taxes
(159.0
)
 
(21.4
)
 
23.5

 
—

 
(156.9
)
Provision for (benefit from) income taxes
6.3

 
(0.9
)
 
18.5

 
—

 
23.9

(Loss) income from continuing operations
(165.3
)
 
(20.5
)
 
5.0

 
—

 
(180.8
)
Income from discontinued operations, net of taxes
—

 
—

 
2.1

 
—

 
2.1

Equity in (loss) income of subsidiaries
(13.4
)
 
6.8

 
—

 
6.6

 
—

Net (loss) income
$
(178.7
)
 
$
(13.7
)
 
$
7.1

 
$
6.6

 
$
(178.7
)
Other comprehensive income (loss)
23.3

 
(7.1
)
 
1.6

 
5.5

 
23.3

Total comprehensive (loss) income
$
(155.4
)
 
$
(20.8
)
 
$
8.7

 
$
12.1

 
$
(155.4
)

Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Twelve Months Ended December 31, 2016
 
Products Corporation
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net Sales
$
826.6

 
$
596.9

 
$
919.4

 
$
(8.9
)
 
$
2,334.0

Cost of sales
261.4

 
273.5

 
391.1

 
(8.9
)
 
917.1

Gross profit
565.2

 
323.4

 
528.3

 
—

 
1,416.9

Selling, general and administrative expenses
467.0

 
245.1

 
439.5

 
—

 
1,151.6

Acquisition and integration costs
42.0

 
0.5

 
0.7

 
—

 
43.2

Restructuring charges and other, net
29.8

 
1.8

 
2.4

 
—

 
34.0

Impairment Charge
—

 
—

 
23.4

 
—

 
23.4

Operating income
26.4

 
76.0

 
62.3

 
—

 
164.7

Other expenses (income):
 
 
 
 
 
 
 
 
—

Intercompany interest, net
(7.9
)
 
0.4

 
7.5

 
—

 
—

Interest expense
104.6

 
—

 
0.6

 
—

 
105.2

Amortization of debt issuance costs
6.8

 
—

 
—

 
—

 
6.8

Loss on early extinguishment of debt
16.9

 
—

 
—

 
—

 
16.9

Foreign currency losses (gains), net
4.2

 
(1.5
)
 
15.8

 
—

 
18.5

Miscellaneous, net
(56.5
)
 
17.3

 
38.6

 
—

 
(0.6
)
Other expenses, net
68.1

 
16.2

 
62.5

 
—

 
146.8

(Loss) income from continuing operations before income taxes
(41.7
)
 
59.8

 
(0.2
)
 
—

 
17.9

(Benefit from) provision for income taxes
(19.6
)
 
40.3

 
8.0

 
—

 
28.7

(Loss) income from continuing operations
(22.1
)
 
19.5

 
(8.2
)
 
—

 
(10.8
)
Loss from discontinued operations, net of taxes
—

 
—

 
(4.9
)
 
—

 
(4.9
)
Equity in income (loss) of subsidiaries
6.4

 
(9.5
)
 
—

 
3.1

 
—

Net (loss) income
$
(15.7
)
 
$
10.0

 
$
(13.1
)
 
$
3.1

 
$
(15.7
)
Other comprehensive (loss) income
(6.4
)
 
(3.6
)
 
(1.8
)
 
5.4

 
(6.4
)
Total comprehensive (loss) income
$
(22.1
)
 
$
6.4

 
$
(14.9
)
 
$
8.5

 
$
(22.1
)



Condensed Consolidating Statement of Operations and Comprehensive (Loss) Income
Twelve Months Ended December 31, 2015
 
Products Corporation
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
Net Sales
$
1,049.4

 
$
340.4

 
$
730.7

 
$
(206.2
)
 
$
1,914.3

Cost of sales
466.0

 
129.4

 
278.6

 
(206.2
)
 
667.8

Gross profit
583.4

 
211.0

 
452.1

 
—

 
1,246.5

Selling, general and administrative expenses
495.0

 
131.2

 
367.3

 
—

 
993.5

Acquisition and integration costs
7.1

 
—

 
0.9

 
—

 
8.0

Restructuring charges and other, net
6.6

 
0.4

 
3.5

 
—

 
10.5

Impairment Charge
9.7

 
—

 
—

 
—

 
9.7

Operating income
65.0

 
79.4

 
80.4

 
—

 
224.8

Other expenses (income):
 
 
 
 
 
 
 
 
 
Intercompany interest, net
(8.2
)
 
(0.1
)
 
8.3

 
—

 
—

Interest expense
82.5

 
—

 
0.8

 
—

 
83.3

Amortization of debt issuance costs
5.7

 
—

 
—

 
—

 
5.7

Foreign currency losses (gains), net
0.4

 
(0.6
)
 
15.9

 
—

 
15.7

Miscellaneous, net
(54.2
)
 
(0.1
)
 
54.7

 
—

 
0.4

Other expenses (income), net
26.2

 
(0.8
)
 
79.7

 
—

 
105.1

Income from continuing operations before income taxes
38.8

 
80.2

 
0.7

 
—

 
119.7

Provision for income taxes
16.0

 
36.2

 
2.2

 
—

 
54.4

Income (loss) from continuing operations
22.8

 
44.0

 
(1.5
)
 
—

 
65.3

Loss from discontinued operations, net of taxes
—

 
—

 
(3.2
)
 
—

 
(3.2
)
Equity in income of subsidiaries
39.3

 
43.1

 
—

 
(82.4
)
 
—

Net income (loss)
$
62.1

 
$
87.1

 
$
(4.7
)
 
$
(82.4
)
 
$
62.1

Other comprehensive (loss) income
(2.1
)
 
(1.5
)
 
(18.8
)
 
20.3

 
(2.1
)
Total comprehensive income (loss)
$
60.0

 
$
85.6

 
$
(23.5
)
 
$
(62.1
)
 
$
60.0
Condensed Consolidating Statements of Cash Flows
Condensed Consolidating Statement of Cash Flows
Twelve Months Ended December 31, 2017
 
Products Corporation
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
$
(91.4
)
 
$
(22.0
)
 
$
(25.9
)
 
$
—

 
$
(139.3
)
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Capital expenditures
(63.8
)
 
(7.4
)
 
(37.1
)
 
—

 
(108.3
)
   Net cash used in investing activities
(63.8
)
 
(7.4
)
 
(37.1
)
 
—

 
(108.3
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Net increase in short-term borrowings and overdraft
1.6

 
0.3

 
1.4

 
—

 
3.3

Net borrowings under the 2016 Revolving Credit Facility
157.0

 
—

 
—

 
—

 
157.0

Repayments under the 2016 Term Loan Facility
(18.0
)
 
—

 
—

 
—

 
(18.0
)
Payment of financing costs
(1.2
)
 
—

 
—

 
—

 
(1.2
)
Tax withholdings related to net share settlements of restricted stock units and awards
(2.5
)
 
—

 
—

 
—

 
(2.5
)
Other financing activities
(1.4
)
 
—

 
(0.3
)
 
—

 
(1.7
)
Net cash provided by financing activities
135.5

 
0.3

 
1.1

 
—

 
136.9

Effect of exchange rate changes on cash and cash equivalents
—

 
0.1

 
11.2

 
—

 
11.3

Net decrease in cash, cash equivalents and restricted cash
(19.7
)
 
(29.0
)
 
(50.7
)
 
—

 
(99.4
)
Cash, cash equivalents and restricted cash at beginning of period
20.0

 
34.3

 
132.5

 
—

 
186.8

Cash, cash equivalents and restricted cash at end of period
$
0.3

 
$
5.3

 
$
81.8

 
$
—

 
$
87.4


Condensed Consolidating Statement of Cash Flows
Twelve Months Ended December 31, 2016
 
Products Corporation
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Net cash provided by (used in) operating activities
$
88.3

 
$
(56.8
)
 
$
85.9

 
$
—

 
$
117.4

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Capital expenditures
(38.6
)
 
(5.4
)
 
(15.3
)
 
—

 
(59.3
)
Business acquisitions, net of cash acquired
(993.2
)
 
—

 
(35.5
)
 
—

 
(1,028.7
)
Proceeds from the sale of certain assets
0.1

 
0.4

 
—

 
—

 
0.5

   Net cash used in investing activities
(1,031.7
)
 
(5.0
)
 
(50.8
)
 
—

 
(1,087.5
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Net (decrease) increase in short-term borrowings and overdraft
(11.1
)
 
3.5

 
7.6

 
—

 
—

Repayments under the Old Acquisition Term Loan
(15.1
)
 
—

 
—

 
—

 
(15.1
)
Prepayments under the 2011 Term Loan
(11.5
)
 
—

 
—

 
—

 
(11.5
)
Repayment of Old Acquisition Term Loan
(658.6
)
 
—

 
—

 
—

 
(658.6
)
Repayment of 2011 Term Loan
(651.4
)
 
—

 
—

 
—

 
(651.4
)
Borrowings under the 2016 Term Loan Facility
1,791.0

 
—

 
—

 
—

 
1,791.0

Repayments under the 2016 Term Loan Facility
(4.5
)
 
—

 
—

 
—

 
(4.5
)
Proceeds from the issuance of the 6.25% Senior Notes, net
450.0

 
—

 
—

 
—

 
450.0

Payment of financing costs
(61.6
)
 
—

 
—

 
—

 
(61.6
)
Tax withholdings related to net share settlements of restricted stock units and awards
(3.2
)
 
—

 
—

 
—

 
(3.2
)
Other financing activities
(2.1
)
 
—

 
(0.4
)
 
—

 
(2.5
)
Net cash provided by financing activities
821.9

 
3.5

 
7.2

 
—

 
832.6

Effect of exchange rate changes on cash and cash equivalents
—

 
(0.4
)
 
(2.2
)
 
—

 
(2.6
)
Net (decrease) increase in cash, equivalents and restricted cash
(121.5
)
 
(58.7
)
 
40.1

 
—

 
(140.1
)
Cash, cash equivalents and restricted cash at beginning of period
141.5

 
93.0

 
92.4

 
—

 
326.9

Cash, cash equivalents and restricted cash at end of period
$
20.0

 
$
34.3

 
$
132.5

 
$
—

 
$
186.8


Condensed Consolidating Statement of Cash Flows
Twelve Months Ended December 31, 2015
 
Products Corporation
 
Guarantor Subsidiaries
 
Non-Guarantor Subsidiaries
 
Eliminations
 
Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Net cash provided by operating activities
$
91.9

 
$
7.9

 
$
58.3

 
$
—

 
$
158.1

CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Capital expenditures
(29.5
)
 
(5.5
)
 
(13.3
)
 
—

 
(48.3
)
Business acquisitions, net of cash and cash required
(8.1
)
 
—

 
(33.6
)
 
—

 
(41.7
)
Proceeds from the sale of certain assets
3.5

 
2.7

 
—

 
—

 
6.2

   Net cash used in investing activities
(34.1
)
 
(2.8
)
 
(46.9
)
 
—

 
(83.8
)
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
Net increase in short-term borrowings and overdraft
17.3

 
—

 
5.7

 
—

 
23.0

Repayments under the Old Acquisition Term Loan
(19.3
)
 
—

 
—

 
—

 
(19.3
)
Prepayments under the 2011 Term Loan
(12.1
)
 
—

 
—

 
—

 
(12.1
)
Tax withholdings related to net share settlements of restricted stock units and awards
(2.8
)
 
—

 
—

 
—

 
(2.8
)
Other financing activities
(3.6
)
 
—

 
(0.1
)
 
—

 
(3.7
)
Net cash (used in) provided by financing activities
(20.5
)
 
—

 
5.6

 
—

 
(14.9
)
Effect of exchange rate changes on cash and cash equivalents
—

 
(0.2
)
 
(7.6
)
 
—

 
(7.8
)
Net increase in cash, cash equivalents and restricted cash
37.3

 
4.9

 
9.4

 
—

 
51.6

Cash, cash equivalents and restricted cash at beginning of period
104.2

 
88.1

 
83.0

 
—

 
275.3

Cash, cash equivalents and restricted cash at end of period
$
141.5

 
$
93.0

 
$
92.4

 
$
—

 
$
326.9