GUARANTOR FINANCIAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2013

Disclosure Guarantor Financial Information Additional Information [Abstract]

Consolidating Condensed Balance Sheets

Condensed Consolidating Balance Sheets
As of March 31, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
ASSETS
Cash and cash equivalents	$	78.1		$	0.2		$	42.5		$	—		$	120.8
Trade receivables, less allowances for doubtful accounts	85.8			15.0			85.1			—			185.9
Inventories	85.9			6.0			36.3			—			128.2
Deferred income taxes - current	38.8			—			10.6			—			49.4
Prepaid expenses and other	102.0			5.4			25.1			—			132.5
Intercompany receivables	962.7			536.1			415.1			(1,913.9		)	—
Investment in subsidiaries	(89.5		)	(174.0		)	—			263.5			—
Property, plant and equipment, net	88.3			0.6			11.4			—			100.3
Deferred income taxes - noncurrent	190.5			—			12.2			—			202.7
Goodwill	162.8			53.0			2.0			—			217.8
Intangible assets, net	19.8			41.3			6.5			—			67.6
Other assets	71.3			2.1			26.9			—			100.3
Total assets	$	1,796.5		$	485.7		$	673.7		$	(1,650.4	)	$	1,305.5
LIABILITIES AND STOCKHOLDER’S DEFICIENCY
Short-term borrowings	$	—		$	5.0		$	—		$	—		$	5.0
Current portion of long-term debt	—			—			—			—			—
Current portion of long-term debt – affiliates	48.6			—			—			—			48.6
Accounts payable	78.2			4.2			29.5			—			111.9
Accrued expenses and other	126.5			10.4			72.5			—			209.4
Intercompany payables	665.0			671.7			577.2			(1,913.9		)	—
Long-term debt	1,227.6			—			—			—			1,227.6
Other long-term liabilities	230.5			5.1			47.3			—			282.9
Total liabilities	2,376.4			696.4			726.5			(1,913.9		)	1,885.4
Stockholder’s deficiency	(579.9		)	(210.7		)	(52.8		)	263.5			(579.9		)
Total liabilities and stockholder’s deficiency	$	1,796.5		$	485.7		$	673.7		$	(1,650.4	)	$	1,305.5

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 Operations and Comprehensive (Loss) Income
For the Three Months Ended March 31, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net Sales	$	227.2		$	21.6		$	127.2	$	(44.1	)	$	331.9
Cost of sales	100.9			9.7			50.4		(44.1		)	116.9
Gross profit	126.3			11.9			76.8		—			215.0
Selling, general and administrative expenses	104.6			11.0			49.3		—			164.9
Restructuring charges	—			0.2			—		—			0.2
Operating income	21.7			0.7			27.5		—			49.9
Other expenses, net:
Intercompany interest, net	0.3			(0.2		)	1.4		—			1.5
Interest expense	18.6			0.1			0.1		—			18.8
Amortization of debt issuance costs	0.8			—			—		—			0.8
Loss on early extinguishment of debt	27.9			—			—		—			27.9
Foreign currency losses (gains), net	2.7			(0.4		)	1.0		—			3.3
Miscellaneous, net	(26.5		)	12.7			13.9		—			0.1
Other expenses, net	23.8			12.2			16.4		—			52.4
(Loss) income from continuing operations before income taxes	(2.1		)	(11.5		)	11.1		—			(2.5		)
(Benefit from) provision for income taxes	(1.4		)	0.2			3.0		—			1.8
(Loss) income from continuing operations	(0.7		)	(11.7		)	8.1		—			(4.3		)
Equity in (loss) income of subsidiaries	(3.6		)	7.5			—		(3.9		)	—
Net (loss) income	$	(4.3	)	$	(4.2	)	$	8.1	$	(3.9	)	$	(4.3	)
Other comprehensive income	1.1			10.7			7.2		(17.9		)	1.1
Total comprehensive (loss) income	$	(3.2	)	$	6.5		$	15.3	$	(21.8	)	$	(3.2	)

Condensed Consolidating Statements of Operations and Comprehensive Income
For the Three Months Ended March 31, 2012
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations			Consolidated
Net Sales	$	218.5		$	23.0		$	134.3	$	(45.1	)	$	330.7
Cost of sales	99.0			10.3			51.5		(45.1		)	115.7
Gross profit	119.5			12.7			82.8		—			215.0
Selling, general and administrative expenses	99.7			9.9			59.7		—			169.3
Operating income	19.8			2.8			23.1		—			45.7
Other expenses, net:
Intercompany interest, net	0.3			(0.2		)	1.5		—			1.6
Interest expense	19.8			0.1			0.1		—			20.0
Amortization of debt issuance costs	0.8			—			—		—			0.8
Foreign currency losses, net	0.5			0.3			0.9		—			1.7
Miscellaneous, net	(12.3		)	(1.0		)	13.5		—			0.2
Other expenses, net	9.1			(0.8		)	16.0		—			24.3
Income from continuing operations before income taxes	10.7			3.6			7.1		—			21.4
Provision for income taxes	7.8			0.5			3.1		—			11.4
Income from continuing operations	2.9			3.1			4.0		—			10.0
Equity in income of subsidiaries	7.1			0.5			—		(7.6		)	—
Net income	$	10.0		$	3.6		$	4.0	$	(7.6	)	$	10.0
Other comprehensive income	5.0			10.1			11.7		(21.8		)	5.0
Total comprehensive income	$	15.0		$	13.7		$	15.7	$	(29.4	)	$	15.0

Consolidating Condensed Statement of Cash Flow

Condensed Consolidating Statements of Cash Flows
For the Three Months Ended March 31, 2013
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash (used in) provided by operating activities	$	(4.3	)	$	0.3		$	(12.9	)	$	—	$	(16.9	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(4.9		)	(0.4		)	(0.2		)	—		(5.5		)
Proceeds from the sale of certain assets	0.3			—			0.1			—		0.4
Net cash used in investing activities	(4.6		)	(0.4		)	(0.1		)	—		(5.1		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in short-term borrowings and overdraft	(0.7		)	0.3			0.6			—		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	(27.9		)	—			—			—		(27.9		)
Other financing activities	(0.5		)	—			(0.1		)	—		(0.6		)
Net cash provided by financing activities	27.9			0.3			0.5			—		28.7
Effect of exchange rate changes on cash and cash equivalents	—			—			(2.2		)	—		(2.2		)
Net increase (decrease) in cash and cash equivalents	19.0			0.2			(14.7		)	—		4.5
Cash and cash equivalents at beginning of period	59.1			—			57.2			—		116.3
Cash and cash equivalents at end of period	$	78.1		$	0.2		$	42.5		$	—	$	120.8

Condensed Consolidating Statements of Cash Flows
For the Three Months Ended March 31, 2012
	Products Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Consolidated
CASH FLOWS FROM OPERATING ACTIVITIES:
Net cash used in operating activities	$	(10.6	)	$	(0.8	)	$	(9.0	)	$	—	$	(20.4	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(3.0		)	—			(0.5		)	—		(3.5		)
Net cash used in investing activities	(3.0		)	—			(0.5		)	—		(3.5		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in short-term borrowings and overdraft	8.6			0.8			1.5			—		10.9
Repayment under the 2011 Term Loan Facility	(2.0		)	—			—			—		(2.0		)
Other financing activities	0.2			—			—			—		0.2
Net cash provided by financing activities	6.8			0.8			1.5			—		9.1
Effect of exchange rate changes on cash and cash equivalents	—			—			0.6			—		0.6
Net decrease in cash and cash equivalents	(6.8		)	—			(7.4		)	—		(14.2		)
Cash and cash equivalents at beginning of period	57.7			0.1			43.9			—		101.7
Cash and cash equivalents at end of period	$	50.9		$	0.1		$	36.5		$	—	$	87.5