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Subsidiary Guarantees of Debt (Tables)
 9 Months Ended
Sep. 30, 2013
Subsidiary Guarantees of Debt  
Schedule of condensed, consolidating statement of earnings

 

 

 

Unaudited Condensed Consolidating Statement of Earnings

 

 

 

For the Three Months Ended September 30, 2013

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

1,392.6

 

$

890.3

 

$

(5.0

)

$

2,277.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

—

 

(1,152.0

)

(699.9

)

5.0

 

(1,846.9

)

Depreciation and amortization

 

(1.6

)

(33.0

)

(42.0

)

—

 

(76.6

)

Selling, general and administrative

 

(16.7

)

(42.7

)

(39.6

)

—

 

(99.0

)

Business consolidation and other activities

 

0.9

 

(36.2

)

(8.5

)

—

 

(43.8

)

Equity in results of subsidiaries

 

137.5

 

73.7

 

—

 

(211.2

)

—

 

Intercompany

 

46.7

 

(37.7

)

(9.0

)

—

 

—

 

 

 

166.8

 

(1,227.9

)

(799.0

)

(206.2

)

(2,066.3

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 

166.8

 

164.7

 

91.3

 

(211.2

)

211.6

 

Interest expense

 

(43.3

)

0.6

 

(2.8

)

—

 

(45.5

)

Debt refinancing and other

 

(1.3

)

—

 

—

 

—

 

(1.3

)

Total interest expense

 

(44.6

)

0.6

 

(2.8

)

—

 

(46.8

)

Earnings (loss) before taxes

 

122.2

 

165.3

 

88.5

 

(211.2

)

164.8

 

Tax provision

 

(7.0

)

(24.6

)

(12.5

)

—

 

(44.1

)

Equity in results of affiliates, net of tax

 

—

 

0.6

 

0.3

 

—

 

0.9

 

Net earnings (loss) from continuing operations

 

115.2

 

141.3

 

76.3

 

(211.2

)

121.6

 

Discontinued operations, net of tax

 

—

 

0.3

 

—

 

—

 

0.3

 

Net earnings (loss)

 

115.2

 

141.6

 

76.3

 

(211.2

)

121.9

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 

(6.7

)

—

 

(6.7

)

Net earnings (loss) attributable to Ball Corporation

 

$

115.2

 

$

141.6

 

$

69.6

 

$

(211.2

)

$

115.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$

179.5

 

$

204.3

 

$

125.9

 

$

(330.2

)

$

179.5

 

 

 

 

Unaudited Condensed Consolidating Statement of Earnings

 

 

 

For the Three Months Ended September 30, 2012

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

1,453.5

 

$

832.6

 

$

(3.6

)

$

2,282.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

0.2

 

(1,204.0

)

(665.9

)

3.6

 

(1,866.1

)

Depreciation and amortization

 

(1.5

)

(35.7

)

(37.5

)

—

 

(74.7

)

Selling, general and administrative

 

(13.9

)

(42.5

)

(29.9

)

—

 

(86.3

)

Business consolidation and other activities

 

(1.8

)

(31.3

)

(3.7

)

—

 

(36.8

)

Equity in results of subsidiaries

 

114.4

 

69.9

 

—

 

(184.3

)

—

 

Intercompany

 

47.0

 

(40.1

)

(6.9

)

—

 

—

 

 

 

144.4

 

(1,283.7

)

(743.9

)

(180.7

)

(2,063.9

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 

144.4

 

169.8

 

88.7

 

(184.3

)

218.6

 

Interest expense

 

(41.2

)

0.4

 

(3.4

)

—

 

(44.2

)

Earnings (loss) before taxes

 

103.2

 

170.2

 

85.3

 

(184.3

)

174.4

 

Tax provision

 

11.9

 

(45.6

)

(18.0

)

—

 

(51.7

)

Equity in results of affiliates, net of tax

 

—

 

0.4

 

(1.2

)

—

 

(0.8

)

Net earnings (loss) from continuing operations

 

115.1

 

125.0

 

66.1

 

(184.3

)

121.9

 

Discontinued operations, net of tax

 

—

 

(2.2

)

—

 

—

 

(2.2

)

Net earnings (loss)

 

115.1

 

122.8

 

66.1

 

(184.3

)

119.7

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 

(4.6

)

—

 

(4.6

)

Net earnings (loss) attributable to Ball Corporation

 

$

115.1

 

$

122.8

 

$

61.5

 

$

(184.3

)

$

115.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$

177.0

 

$

182.8

 

$

104.2

 

$

(287.0

)

$

177.0

 

 

 

 

Unaudited Condensed Consolidating Statement of Earnings

 

 

 

For the Nine Months Ended September 30, 2013

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

3,957.1

 

$

2,533.3

 

$

(19.1

)

$

6,471.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

—

 

(3,300.1

)

(2,008.3

)

19.1

 

(5,289.3

)

Depreciation and amortization

 

(5.9

)

(94.8

)

(122.9

)

—

 

(223.6

)

Selling, general and administrative

 

(58.9

)

(135.5

)

(116.8

)

—

 

(311.2

)

Business consolidation and other activities

 

(0.4

)

(79.1

)

(9.6

)

—

 

(89.1

)

Equity in results of subsidiaries

 

346.6

 

185.5

 

—

 

(532.1

)

—

 

Intercompany

 

135.1

 

(110.6

)

(24.5

)

—

 

—

 

 

 

416.5

 

(3,534.6

)

(2,282.1

)

(513.0

)

(5,913.2

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 

416.5

 

422.5

 

251.2

 

(532.1

)

558.1

 

Interest expense

 

(128.4

)

1.6

 

(11.2

)

—

 

(138.0

)

Debt refinancing and other

 

(28.0

)

—

 

—

 

—

 

(28.0

)

Total interest expense

 

(156.4

)

1.6

 

(11.2

)

—

 

(166.0

)

Earnings (loss) before taxes

 

260.1

 

424.1

 

240.0

 

(532.1

)

392.1

 

Tax provision

 

22.2

 

(72.8

)

(42.4

)

—

 

(93.0

)

Equity in results of affiliates, net of tax

 

—

 

0.6

 

0.3

 

—

 

0.9

 

Net earnings (loss) from continuing operations

 

282.3

 

351.9

 

197.9

 

(532.1

)

300.0

 

Discontinued operations, net of tax

 

—

 

0.4

 

—

 

—

 

0.4

 

Net earnings (loss)

 

282.3

 

352.3

 

197.9

 

(532.1

)

300.4

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 

(18.1

)

—

 

(18.1

)

Net earnings (loss) attributable to Ball Corporation

 

$

282.3

 

$

352.3

 

$

179.8

 

$

(532.1

)

$

282.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$

306.6

 

$

382.4

 

$

192.5

 

$

(574.9

)

$

306.6

 

 

 

 

Unaudited Condensed Consolidating Statement of Earnings

 

 

 

For the Nine Months Ended September 30, 2012

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

4,154.9

 

$

2,477.5

 

$

(10.9

)

$

6,621.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

0.1

 

(3,476.6

)

(1,979.0

)

10.9

 

(5,444.6

)

Depreciation and amortization

 

(4.3

)

(94.4

)

(111.5

)

—

 

(210.2

)

Selling, general and administrative

 

(51.3

)

(140.1

)

(93.1

)

—

 

(284.5

)

Business consolidation and other activities

 

(4.9

)

(32.8

)

(6.3

)

—

 

(44.0

)

Equity in results of subsidiaries

 

371.5

 

193.5

 

—

 

(565.0

)

—

 

Intercompany

 

129.4

 

(110.6

)

(18.8

)

—

 

—

 

 

 

440.5

 

(3,661.0

)

(2,208.7

)

(554.1

)

(5,983.3

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 

440.5

 

493.9

 

268.8

 

(565.0

)

638.2

 

Interest expense

 

(124.3

)

1.0

 

(10.9

)

—

 

(134.2

)

Debt refinancing and other

 

(15.1

)

—

 

—

 

—

 

(15.1

)

Total interest expense

 

(139.4

)

1.0

 

(10.9

)

—

 

(149.3

)

Earnings (loss) before taxes

 

301.1

 

494.9

 

257.9

 

(565.0

)

488.9

 

Tax provision

 

41.8

 

(115.6

)

(55.9

)

—

 

(129.7

)

Equity in results of affiliates, net of tax

 

—

 

1.4

 

(2.4

)

—

 

(1.0

)

Net earnings (loss) from continuing operations

 

342.9

 

380.7

 

199.6

 

(565.0

)

358.2

 

Discontinued operations, net of tax

 

—

 

(2.9

)

—

 

—

 

(2.9

)

Net earnings (loss)

 

342.9

 

377.8

 

199.6

 

(565.0

)

355.3

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 

(12.4

)

—

 

(12.4

)

Net earnings (loss) attributable to Ball Corporation

 

$

342.9

 

$

377.8

 

$

187.2

 

$

(565.0

)

$

342.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$

386.9

 

$

415.6

 

$

192.3

 

$

(607.9

)

$

386.9

 

 

 

 
Schedule of condensed, consolidating balance sheet

Unaudited Condensed Consolidating Balance Sheet

 

 

 

At September 30, 2013

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

1.8

 

$

0.3

 

$

166.1

 

$

—

 

$

168.2

 

Receivables, net

 

1.8

 

184.5

 

901.2

 

—

 

1,087.5

 

Intercompany receivables

 

289.0

 

3.0

 

1.8

 

(293.8

)

—

 

Inventories, net

 

(0.2

)

579.6

 

400.9

 

—

 

980.3

 

Other current assets

 

11.4

 

98.8

 

79.2

 

—

 

189.4

 

Total current assets

 

303.8

 

866.2

 

1,549.2

 

(293.8

)

2,425.4

 

Non-current assets

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

14.2

 

864.5

 

1,481.4

 

—

 

2,360.1

 

Investment in subsidiaries

 

4,272.4

 

2,156.2

 

78.6

 

(6,507.2

)

—

 

Goodwill

 

—

 

935.6

 

1,444.2

 

—

 

2,379.8

 

Intangibles and other assets, net

 

200.0

 

103.4

 

240.5

 

—

 

543.9

 

Total assets

 

$

4,790.4

 

$

4,925.9

 

$

4,793.9

 

$

(6,801.0

)

$

7,709.2

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

 

 

Short-term debt and current portion of long-term debt

 

$

—

 

$

—

 

$

104.5

 

$

—

 

$

104.5

 

Accounts payable

 

(1.2

)

570.9

 

429.1

 

—

 

998.8

 

Intercompany payables

 

—

 

—

 

293.8

 

(293.8

)

—

 

Accrued employee costs

 

14.0

 

140.5

 

77.8

 

—

 

232.3

 

Other current liabilities

 

18.2

 

95.5

 

120.9

 

—

 

234.6

 

Total current liabilities

 

31.0

 

806.9

 

1,026.1

 

(293.8

)

1,570.2

 

Non-current liabilities

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

3,060.6

 

—

 

356.9

 

—

 

3,417.5

 

Employee benefit obligations

 

301.8

 

466.8

 

407.1

 

—

 

1,175.7

 

Other liabilities

 

267.6

 

(715.9

)

677.3

 

—

 

229.0

 

Total liabilities

 

3,661.0

 

557.8

 

2,467.4

 

(293.8

)

6,392.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

1,068.3

 

847.1

 

626.1

 

(1,473.2

)

1,068.3

 

Preferred stock

 

—

 

—

 

4.8

 

(4.8

)

—

 

Retained earnings

 

3,807.3

 

3,786.3

 

1,493.4

 

(5,279.7

)

3,807.3

 

Accumulated other comprehensive earnings (loss)

 

(328.1

)

(265.3

)

14.8

 

250.5

 

(328.1

)

Treasury stock, at cost

 

(3,418.1

)

—

 

—

 

—

 

(3,418.1

)

Total Ball Corporation shareholders’ equity

 

1,129.4

 

4,368.1

 

2,139.1

 

(6,507.2

)

1,129.4

 

Noncontrolling interests

 

—

 

—

 

187.4

 

—

 

187.4

 

Total shareholders’ equity

 

1,129.4

 

4,368.1

 

2,326.5

 

(6,507.2

)

1,316.8

 

Total liabilties and shareholders’ equity

 

$

4,790.4

 

$

4,925.9

 

$

4,793.9

 

$

(6,801.0

)

$

7,709.2

 

 

 

 

Unaudited Condensed Consolidating Balance Sheet

 

 

 

At December 31, 2012

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

0.2

 

$

0.3

 

$

173.6

 

$

—

 

$

174.1

 

Receivables, net

 

11.8

 

182.9

 

735.4

 

—

 

930.1

 

Intercompany receivables

 

66.5

 

8.8

 

—

 

(75.3

)

—

 

Inventories, net

 

(0.8

)

623.7

 

421.5

 

—

 

1,044.4

 

Other current assets

 

20.4

 

96.8

 

73.6

 

—

 

190.8

 

Total current assets

 

98.1

 

912.5

 

1,404.1

 

(75.3

)

2,339.4

 

Non-current assets

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

9.3

 

854.4

 

1,424.9

 

—

 

2,288.6

 

Investment in subsidiaries

 

3,890.8

 

1,982.3

 

78.6

 

(5,951.7

)

—

 

Goodwill

 

—

 

927.0

 

1,432.4

 

—

 

2,359.4

 

Intangibles and other assets, net

 

195.0

 

98.6

 

226.1

 

—

 

519.7

 

Total assets

 

$

4,193.2

 

$

4,774.8

 

$

4,566.1

 

$

(6,027.0

)

$

7,507.1

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

 

 

Short-term debt and current portion of long-term debt

 

$

25.1

 

$

—

 

$

194.7

 

$

—

 

$

219.8

 

Accounts payable

 

12.8

 

461.4

 

472.7

 

—

 

946.9

 

Intercompany payables

 

—

 

0.6

 

74.7

 

(75.3

)

—

 

Accrued employee costs

 

27.0

 

173.5

 

77.9

 

—

 

278.4

 

Other current liabilities

 

57.9

 

93.0

 

89.8

 

—

 

240.7

 

Total current liabilities

 

122.8

 

728.5

 

909.8

 

(75.3

)

1,685.8

 

Non-current liabilities

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

2,565.4

 

—

 

519.9

 

—

 

3,085.3

 

Employee benefit obligations

 

300.5

 

526.8

 

410.8

 

—

 

1,238.1

 

Other non-current liabilities

 

89.9

 

(467.9

)

585.9

 

—

 

207.9

 

Total liabilities

 

3,078.6

 

787.4

 

2,426.4

 

(75.3

)

6,217.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

1,026.3

 

847.1

 

624.9

 

(1,472.0

)

1,026.3

 

Preferred stock

 

—

 

—

 

4.8

 

(4.8

)

—

 

Retained earnings

 

3,580.8

 

3,435.7

 

1,332.5

 

(4,768.2

)

3,580.8

 

Accumulated other comprehensive earnings (loss)

 

(352.4

)

(295.4

)

2.1

 

293.3

 

(352.4

)

Treasury stock, at cost

 

(3,140.1

)

—

 

—

 

—

 

(3,140.1

)

Total Ball Corporation shareholders’ equity

 

1,114.6

 

3,987.4

 

1,964.3

 

(5,951.7

)

1,114.6

 

Noncontrolling interests

 

—

 

—

 

175.4

 

—

 

175.4

 

Total shareholders’ equity

 

1,114.6

 

3,987.4

 

2,139.7

 

(5,951.7

)

1,290.0

 

Total liabilties and shareholders’ equity

 

$

4,193.2

 

$

4,774.8

 

$

4,566.1

 

$

(6,027.0

)

$

7,507.1

 

 

 

 
Schedule of condensed, consolidating statement of cash flows

Unaudited Condensed Consolidating Statement of Cash Flows

 

 

 

For the Nine Months Ended September 30, 2013

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) continuing operating activities

 

$

(117.1

)

$

419.5

 

$

151.8

 

$

454.2

 

Cash provided by (used in) discontinued operating activities

 

0.2

 

(2.5

)

—

 

(2.3

)

Total cash provided by (used in) operating activities

 

(116.9

)

417.0

 

151.8

 

451.9

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

Capital expenditures

 

(4.4

)

(122.9

)

(182.3

)

(309.6

)

Business acquisition, net of cash acquired

 

—

 

(12.5

)

(1.7

)

(14.2

)

Other, net

 

(6.5

)

0.6

 

8.1

 

2.2

 

Cash provided by (used in) investing activities

 

(10.9

)

(134.8

)

(175.9

)

(321.6

)

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

Long-term borrowings

 

1,373.0

 

—

 

173.6

 

1,546.6

 

Repayments of long-term borrowings

 

(882.7

)

—

 

(394.8

)

(1,277.5

)

Net change in short-term borrowings

 

(25.0

)

—

 

(30.4

)

(55.4

)

Proceeds from issuances of common stock

 

24.3

 

—

 

—

 

24.3

 

Acquisitions of treasury stock

 

(292.2

)

—

 

—

 

(292.2

)

Common dividends

 

(56.8

)

—

 

—

 

(56.8

)

Intercompany

 

1.4

 

(282.2

)

280.8

 

—

 

Other, net

 

(9.1

)

—

 

(6.5

)

(15.6

)

Cash provided by (used in) financing activities

 

132.9

 

(282.2

)

22.7

 

(126.6

)

 

 

 

 

 

 

 

 

 

 

Effect of exchange rate changes on cash

 

(3.5

)

—

 

(6.1

)

(9.6

)

 

 

 

 

 

 

 

 

 

 

Change in cash and cash equivalents

 

1.6

 

—

 

(7.5

)

(5.9

)

Cash and cash equivalents — beginning of period

 

0.2

 

0.3

 

173.6

 

174.1

 

Cash and cash equivalents — end of period

 

$

1.8

 

$

0.3

 

$

166.1

 

$

168.2

 

 

 

 

Unaudited Condensed Consolidating Statement of Cash Flows

 

 

 

For the Nine Months Ended September 30, 2012

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) continuing operating activities

 

$

(77.9

)

$

314.0

 

$

153.2

 

$

389.3

 

Cash provided by (used in) discontinued operating activities

 

(1.8

)

0.8

 

—

 

(1.0

)

Total cash provided by (used in) operating activities

 

(79.7

)

314.8

 

153.2

 

388.3

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

Capital expenditures

 

(3.5

)

(67.3

)

(136.1

)

(206.9

)

Business acquisition, net of cash acquired

 

—

 

—

 

(15.3

)

(15.3

)

Other, net

 

19.9

 

1.7

 

(3.6

)

18.0

 

Cash provided by (used in) investing activities

 

16.4

 

(65.6

)

(155.0

)

(204.2

)

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

Long-term borrowings

 

1,237.5

 

0.1

 

32.2

 

1,269.8

 

Repayments of long-term borrowings

 

(950.1

)

(0.1

)

(32.5

)

(982.7

)

Net change in short-term borrowings

 

7.0

 

—

 

(105.8

)

(98.8

)

Proceeds from issuances of common stock

 

40.8

 

—

 

—

 

40.8

 

Acquisitions of treasury stock

 

(345.7

)

—

 

—

 

(345.7

)

Common dividends

 

(46.6

)

—

 

—

 

(46.6

)

Intercompany

 

100.2

 

(250.0

)

149.8

 

—

 

Other, net

 

(6.2

)

—

 

(0.4

)

(6.6

)

Cash provided by (used in) financing activities

 

36.9

 

(250.0

)

43.3

 

(169.8

)

 

 

 

 

 

 

 

 

 

 

Effect of exchange rate changes on cash

 

4.0

 

0.5

 

(3.4

)

1.1

 

 

 

 

 

 

 

 

 

 

 

Change in cash and cash equivalents

 

(22.4

)

(0.3

)

38.1

 

15.4

 

Cash and cash equivalents — beginning of period

 

24.0

 

0.5

 

141.3

 

165.8

 

Cash and cash equivalents — end of period

 

$

1.6

 

$

0.2

 

$

179.4

 

$

181.2