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Subsidiary Guarantees of Debt (Tables)
 6 Months Ended
Jun. 30, 2014
Subsidiary Guarantees of Debt  
Schedule of Condensed Consolidating Statement of Earnings

 

 

 

 

Unaudited Condensed Consolidating Statement of Earnings

 

 

 

Three Months Ended June 30, 2014

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

1,350.6

 

$

946.5

 

$

(5.2

)

$

2,291.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

—

 

(1,112.8

)

(738.8

)

5.2

 

(1,846.4

)

Depreciation and amortization

 

(1.5

)

(30.9

)

(37.2

)

—

 

(69.6

)

Selling, general and administrative

 

(12.0

)

(44.8

)

(54.6

)

—

 

(111.4

)

Business consolidation and other activities

 

(0.4

)

(7.1

)

(1.1

)

—

 

(8.6

)

Equity in results of subsidiaries

 

154.8

 

79.4

 

—

 

(234.2

)

—

 

Intercompany

 

51.9

 

(42.6

)

(9.3

)

—

 

—

 

 

 

192.8

 

(1,158.8

)

(841.0

)

(229.0

)

(2,036.0

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 

192.8

 

191.8

 

105.5

 

(234.2

)

255.9

 

Total interest expense

 

(37.5

)

0.6

 

(3.7

)

—

 

(40.6

)

Earnings (loss) before taxes

 

155.3

 

192.4

 

101.8

 

(234.2

)

215.3

 

Tax provision

 

(2.2

)

(33.3

)

(24.7

)

—

 

(60.2

)

Equity in results of affiliates, net of tax

 

—

 

0.7

 

0.5

 

—

 

1.2

 

Net earnings (loss)

 

153.1

 

159.8

 

77.6

 

(234.2

)

156.3

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 

(3.2

)

—

 

(3.2

)

Net earnings (loss) attributable to Ball Corporation

 

$

153.1

 

$

159.8

 

$

74.4

 

$

(234.2

)

$

153.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$

165.7

 

$

171.0

 

$

78.5

 

$

(249.5

)

$

165.7

 

 

 

 

Unaudited Condensed Consolidating Statement of Earnings

 

 

 

Three Months Ended June 30, 2013

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

1,339.2

 

$

867.6

 

$

(4.4

)

$

2,202.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

0.2

 

(1,112.6

)

(690.9

)

4.4

 

(1,798.9

)

Depreciation and amortization

 

(2.8

)

(31.0

)

(40.7

)

—

 

(74.5

)

Selling, general and administrative

 

(19.5

)

(44.9

)

(38.5

)

—

 

(102.9

)

Business consolidation and other activities

 

(0.5

)

(20.9

)

(1.2

)

—

 

(22.6

)

Equity in results of subsidiaries

 

128.0

 

65.5

 

—

 

(193.5

)

—

 

Intercompany

 

46.2

 

(37.3

)

(8.9

)

—

 

—

 

 

 

151.6

 

(1,181.2

)

(780.2

)

(189.1

)

(1,998.9

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 

151.6

 

158.0

 

87.4

 

(193.5

)

203.5

 

Interest expense

 

(44.0

)

0.5

 

(4.2

)

—

 

(47.7

)

Debt refinancing and other

 

(26.7

)

—

 

—

 

—

 

(26.7

)

Total interest expense

 

(70.7

)

0.5

 

(4.2

)

—

 

(74.4

)

Earnings (loss) before taxes

 

80.9

 

158.5

 

83.2

 

(193.5

)

129.1

 

Tax provision

 

14.2

 

(30.6

)

(14.4

)

—

 

(30.8

)

Equity in results of affiliates, net of tax

 

—

 

0.5

 

0.3

 

—

 

0.8

 

Net earnings (loss)

 

95.1

 

128.4

 

69.1

 

(193.5

)

99.1

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 

(4.0

)

—

 

(4.0

)

Net earnings (loss) attributable to Ball Corporation

 

$

95.1

 

$

128.4

 

$

65.1

 

$

(193.5

)

$

95.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation (a)

 

$

101.5

 

$

133.2

 

$

69.3

 

$

(202.5

)

$

101.5

 

 

(a)       Amounts have been revised; further details are included in the “Revision of Prior Period Financial Statements Related to Deferred Taxes” section of Note 1.

 

 

 

Unaudited Condensed Consolidating Statement of Earnings

 

 

 

Six Month Ended June 30, 2014

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

2,522.4

 

$

1,784.3

 

$

(8.0

)

$

4,298.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

(0.1

)

(2,084.9

)

(1,382.3

)

8.0

 

(3,459.3

)

Depreciation and amortization

 

(3.0

)

(61.7

)

(73.7

)

—

 

(138.4

)

Selling, general and administrative

 

(34.7

)

(88.3

)

(96.1

)

—

 

(219.1

)

Business consolidation and other activities

 

(1.0

)

(10.9

)

3.3

 

—

 

(8.6

)

Equity in results of subsidiaries

 

289.4

 

160.9

 

—

 

(450.3

)

—

 

Intercompany

 

99.2

 

(85.7

)

(13.5

)

—

 

—

 

 

 

349.8

 

(2,170.6

)

(1,562.3

)

(442.3

)

(3,825.4

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 

349.8

 

351.8

 

222.0

 

(450.3

)

473.3

 

Interest expense

 

(75.5

)

1.1

 

(6.4

)

—

 

(80.8

)

Debt refinancing and other

 

(33.1

)

—

 

—

 

—

 

(33.1

)

Total interest expense

 

(108.6

)

1.1

 

(6.4

)

—

 

(113.9

)

Earnings (loss) before taxes

 

241.2

 

352.9

 

215.6

 

(450.3

)

359.4

 

Tax provision

 

5.4

 

(58.4

)

(46.8

)

—

 

(99.8

)

Equity in results of affiliates, net of tax

 

—

 

0.9

 

0.7

 

—

 

1.6

 

Net earnings (loss)

 

246.6

 

295.4

 

169.5

 

(450.3

)

261.2

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 

(14.6

)

—

 

(14.6

)

Net earnings (loss) attributable to Ball Corporation

 

$

246.6

 

$

295.4

 

$

154.9

 

$

(450.3

)

$

246.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation

 

$

243.4

 

$

290.3

 

$

141.0

 

$

(431.3

)

$

243.4

 

 

 

 

Unaudited Condensed Consolidating Statement of Earnings

 

 

 

Six Months Ended June 30, 2013

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Eliminating
Adjustments

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

—

 

$

2,564.5

 

$

1,643.0

 

$

(14.1

)

$

4,193.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost and expenses

 

 

 

 

 

 

 

 

 

 

 

Cost of sales (excluding depreciation and amortization)

 

—

 

(2,148.1

)

(1,308.4

)

14.1

 

(3,442.4

)

Depreciation and amortization

 

(4.3

)

(61.8

)

(80.9

)

—

 

(147.0

)

Selling, general and administrative

 

(42.2

)

(92.8

)

(77.2

)

—

 

(212.2

)

Business consolidation and other activities

 

(1.3

)

(42.9

)

(1.1

)

—

 

(45.3

)

Equity in results of subsidiaries

 

209.1

 

111.8

 

—

 

(320.9

)

—

 

Intercompany

 

88.4

 

(72.9

)

(15.5

)

—

 

—

 

 

 

249.7

 

(2,306.7

)

(1,483.1

)

(306.8

)

(3,846.9

)

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) before interest and taxes

 

249.7

 

257.8

 

159.9

 

(320.9

)

346.5

 

Interest expense

 

(85.1

)

1.0

 

(8.4

)

—

 

(92.5

)

Debt refinancing and other

 

(26.7

)

—

 

—

 

—

 

(26.7

)

Total interest expense

 

(111.8

)

1.0

 

(8.4

)

—

 

(119.2

)

Earnings (loss) before taxes

 

137.9

 

258.8

 

151.5

 

(320.9

)

227.3

 

Tax provision

 

29.2

 

(48.2

)

(29.9

)

—

 

(48.9

)

Net earnings (loss) from continuing operations

 

167.1

 

210.6

 

121.6

 

(320.9

)

178.4

 

Discontinued operations, net of tax

 

—

 

0.1

 

—

 

—

 

0.1

 

Net earnings (loss)

 

167.1

 

210.7

 

121.6

 

(320.9

)

178.5

 

Less net earnings attributable to noncontrolling interests

 

—

 

—

 

(11.4

)

—

 

(11.4

)

Net earnings (loss) attributable to Ball Corporation

 

$

167.1

 

$

210.7

 

$

110.2

 

$

(320.9

)

$

167.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Comprehensive earnings attributable to Ball Corporation (a)

 

$

126.7

 

$

178.1

 

$

66.2

 

$

(244.3

)

$

126.7

 

 

(a)       Amounts have been revised; further details are included in the “Revision of Prior Period Financial Statements Related to Deferred Taxes” section of Note 1.
Schedule of Condensed Consolidating Balance Sheet

 

 

 

 

Unaudited Condensed Consolidating Balance Sheet

 

 

 

June 30, 2014

 

($ in millions)

 

Ball 
Corporation

 

Guarantor 
Subsidiaries

 

Non-Guarantor 
Subsidiaries

 

Eliminating 
Adjustments

 

Consolidated 
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

4.3

 

$

0.3

 

$

150.7

 

$

—

 

$

155.3

 

Receivables, net

 

6.6

 

98.1

 

968.8

 

—

 

1,073.5

 

Intercompany receivables

 

71.6

 

101.4

 

3.9

 

(176.9

)

—

 

Inventories, net

 

(0.1

)

594.3

 

434.0

 

—

 

1,028.2

 

Deferred taxes and other current assets

 

12.9

 

99.4

 

50.5

 

—

 

162.8

 

Total current assets

 

95.3

 

893.5

 

1,607.9

 

(176.9

)

2,419.8

 

Non-current assets

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

17.7

 

893.4

 

1,472.2

 

—

 

2,383.3

 

Investment in subsidiaries

 

4,737.8

 

2,276.7

 

78.6

 

(7,093.1

)

—

 

Goodwill

 

—

 

935.6

 

1,449.5

 

—

 

2,385.1

 

Intangibles and other assets, net

 

214.3

 

112.1

 

256.8

 

—

 

583.2

 

Total assets

 

$

5,065.1

 

$

5,111.3

 

$

4,865.0

 

$

(7,270.0

)

$

7,771.4

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

 

 

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

 

$

49.0

 

$

35.6

 

$

323.4

 

$

—

 

$

408.0

 

Accounts payable

 

8.6

 

589.6

 

517.8

 

—

 

1,116.0

 

Intercompany payables

 

98.1

 

2.0

 

77.0

 

(177.1

)

—

 

Accrued employee costs

 

14.8

 

115.2

 

86.6

 

—

 

216.6

 

Other current liabilities

 

35.0

 

88.5

 

109.5

 

—

 

233.0

 

Total current liabilities

 

205.5

 

830.9

 

1,114.3

 

(177.1

)

1,973.6

 

Non-current liabilities

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

2,800.0

 

0.5

 

328.7

 

—

 

3,129.2

 

Employee benefit obligations

 

294.7

 

286.2

 

428.4

 

—

 

1,009.3

 

Deferred taxes and other liabilities

 

558.0

 

(830.8

)

525.2

 

0.3

 

252.7

 

Total liabilities

 

3,858.2

 

286.8

 

2,396.6

 

(176.8

)

6,364.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

1,105.7

 

855.9

 

531.2

 

(1,387.1

)

1,105.7

 

Preferred stock

 

—

 

—

 

4.8

 

(4.8

)

—

 

Retained earnings

 

4,158.3

 

4,169.2

 

1,734.8

 

(5,904.0

)

4,158.3

 

Accumulated other comprehensive earnings (loss)

 

(253.1

)

(200.6

)

(2.1

)

202.7

 

(253.1

)

Treasury stock, at cost

 

(3,804.0

)

—

 

—

 

—

 

(3,804.0

)

Total Ball Corporation shareholders’ equity

 

1,206.9

 

4,824.5

 

2,268.7

 

(7,093.2

)

1,206.9

 

Noncontrolling interests

 

—

 

—

 

199.7

 

—

 

199.7

 

Total shareholders’ equity

 

1,206.9

 

4,824.5

 

2,468.4

 

(7,093.2

)

1,406.6

 

Total liabilties and shareholders’ equity

 

$

5,065.1

 

$

5,111.3

 

$

4,865.0

 

$

(7,270.0

)

$

7,771.4

 

 

 

 

Unaudited Condensed Consolidating Balance Sheet

 

 

 

December 31, 2013

 

($ in millions)

 

Ball 
Corporation

 

Guarantor 
Subsidiaries

 

Non-Guarantor 
Subsidiaries

 

Eliminating 
Adjustments

 

Consolidated 
Total

 

 

 

 

 

 

 

 

 

 

 

 

 

ASSETS

 

 

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

218.6

 

$

0.3

 

$

197.1

 

$

—

 

$

416.0

 

Receivables, net

 

2.9

 

133.9

 

722.6

 

—

 

859.4

 

Intercompany receivables

 

178.9

 

99.1

 

1.0

 

(279.0

)

—

 

Inventories, net

 

—

 

601.7

 

426.6

 

—

 

1,028.3

 

Deferred taxes and other current assets (a)

 

4.0

 

109.7

 

53.5

 

—

 

167.2

 

Total current assets (a)

 

404.4

 

944.7

 

1,400.8

 

(279.0

)

2,470.9

 

Non-current assets

 

 

 

 

 

 

 

 

 

 

 

Property, plant and equipment, net

 

14.9

 

877.5

 

1,479.9

 

—

 

2,372.3

 

Investment in subsidiaries (a)

 

4,452.3

 

2,122.0

 

78.6

 

(6,652.9

)

—

 

Goodwill (a)

 

—

 

935.6

 

1,464.1

 

—

 

2,399.7

 

Intangibles and other assets, net

 

206.9

 

100.9

 

269.7

 

—

 

577.5

 

Total assets (a)

 

$

5,078.5

 

$

4,980.7

 

$

4,693.1

 

$

(6,931.9

)

$

7,820.4

 

 

 

 

 

 

 

 

 

 

 

 

 

LIABILITIES AND SHAREHOLDERS’ EQUITY

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

 

 

 

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

 

$

310.8

 

$

30.1

 

$

81.7

 

$

—

 

$

422.6

 

Accounts payable

 

6.9

 

525.3

 

466.6

 

—

 

998.8

 

Intercompany payables

 

95.1

 

0.4

 

183.5

 

(279.0

)

—

 

Accrued employee costs

 

22.5

 

133.7

 

85.1

 

—

 

241.3

 

Other current liabilities

 

10.0

 

138.5

 

116.2

 

—

 

264.7

 

Total current liabilities

 

445.3

 

828.0

 

933.1

 

(279.0

)

1,927.4

 

Non-current liabilities

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

2,750.0

 

0.5

 

432.0

 

—

 

3,182.5

 

Employee benefit obligations

 

284.4

 

310.9

 

437.7

 

—

 

1,033.0

 

Deferred taxes and other liabilities (a)

 

374.2

 

(684.1

)

571.4

 

—

 

261.5

 

Total liabilities (a)

 

3,853.9

 

455.3

 

2,374.2

 

(279.0

)

6,404.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

1,078.4

 

847.1

 

531.1

 

(1,378.2

)

1,078.4

 

Preferred stock

 

—

 

—

 

4.8

 

(4.8

)

—

 

Retained earnings (a)

 

3,947.7

 

3,873.8

 

1,579.8

 

(5,453.6

)

3,947.7

 

Accumulated other comprehensive earnings (loss) (a)

 

(249.9

)

(195.5

)

11.8

 

183.7

 

(249.9

)

Treasury stock, at cost

 

(3,551.6

)

—

 

—

 

—

 

(3,551.6

)

Total Ball Corporation shareholders’ equity (a)

 

1,224.6

 

4,525.4

 

2,127.5

 

(6,652.9

)

1,224.6

 

Noncontrolling interests

 

—

 

—

 

191.4

 

—

 

191.4

 

Total shareholders’ equity (a)

 

1,224.6

 

4,525.4

 

2,318.9

 

(6,652.9

)

1,416.0

 

Total liabilties and shareholders’ equity (a)

 

$

5,078.5

 

$

4,980.7

 

$

4,693.1

 

$

(6,931.9

)

$

7,820.4

 

 

(a)       Amounts have been revised; further details are included in the “Revision of Prior Period Financial Statements Related to Deferred Taxes” section of Note 1.
Schedule of Condensed Consolidating Statement of Cash Flows

 

 

 

 

Unaudited Condensed Consolidating Statement of Cash Flows

 

 

 

Six Months Ended June 30, 2014

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) operating activities

 

$

(19.3

)

$

204.9

 

$

24.4

 

$

210.0

 

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

Capital expenditures

 

(6.0

)

(57.9

)

(71.4

)

(135.3

)

Other, net

 

0.7

 

2.7

 

7.8

 

11.2

 

Cash provided by (used in) investing activities

 

(5.3

)

(55.2

)

(63.6

)

(124.1

)

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

Long-term borrowings

 

375.0

 

—

 

21.9

 

396.9

 

Repayments of long-term borrowings

 

(640.4

)

(0.3

)

(121.1

)

(761.8

)

Net change in short-term borrowings

 

49.0

 

5.8

 

237.9

 

292.7

 

Proceeds from issuances of common stock

 

18.6

 

—

 

—

 

18.6

 

Acquisitions of treasury stock

 

(257.1

)

—

 

—

 

(257.1

)

Common dividends

 

(36.8

)

—

 

—

 

(36.8

)

Intercompany

 

292.7

 

(155.2

)

(137.5

)

—

 

Other, net

 

9.5

 

—

 

(6.0

)

3.5

 

Cash provided by (used in) financing activities

 

(189.5

)

(149.7

)

(4.8

)

(344.0

)

 

 

 

 

 

 

 

 

 

 

Effect of exchange rate changes on cash

 

(0.2

)

—

 

(2.4

)

(2.6

)

 

 

 

 

 

 

 

 

 

 

Change in cash and cash equivalents

 

(214.3

)

—

 

(46.4

)

(260.7

)

Cash and cash equivalents — beginning of period

 

218.6

 

0.3

 

197.1

 

416.0

 

Cash and cash equivalents — end of period

 

$

4.3

 

$

0.3

 

$

150.7

 

$

155.3

 

 

 

 

Unaudited Condensed Consolidating Statement of Cash Flows

 

 

 

For the Six Months Ended June 30, 2013

 

($ in millions)

 

Ball
Corporation

 

Guarantor
Subsidiaries

 

Non-Guarantor
Subsidiaries

 

Consolidated
Total

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) continuing operating activities

 

$

(99.2

)

$

109.8

 

$

(95.1

)

$

(84.5

)

Cash provided by (used in) discontinued operating activities

 

0.1

 

(2.2

)

—

 

(2.1

)

Total cash provided by (used in) operating activities

 

(99.1

)

107.6

 

(95.1

)

(86.6

)

 

 

 

 

 

 

 

 

 

 

Cash flows from investing activities

 

 

 

 

 

 

 

 

 

Capital expenditures

 

(2.6

)

(84.8

)

(113.7

)

(201.1

)

Business acquisition, net of cash acquired

 

—

 

(12.5

)

(0.1

)

(12.6

)

Other, net

 

(3.9

)

0.6

 

(1.2

)

(4.5

)

Cash provided by (used in) investing activities

 

(6.5

)

(96.7

)

(115.0

)

(218.2

)

 

 

 

 

 

 

 

 

 

 

Cash flows from financing activities

 

 

 

 

 

 

 

 

 

Long-term borrowings

 

1,373.0

 

—

 

174.0

 

1,547.0

 

Repayments of long-term borrowings

 

(823.1

)

—

 

(392.6

)

(1,215.7

)

Net change in short-term borrowings

 

4.0

 

29.1

 

198.0

 

231.1

 

Proceeds from issuances of common stock

 

13.6

 

—

 

—

 

13.6

 

Acquisitions of treasury stock

 

(215.9

)

—

 

—

 

(215.9

)

Common dividends

 

(38.0

)

—

 

—

 

(38.0

)

Intercompany

 

(191.7

)

(40.0

)

231.7

 

—

 

Other, net

 

(10.3

)

—

 

(6.2

)

(16.5

)

Cash provided by (used in) financing activities

 

111.6

 

(10.9

)

204.9

 

305.6

 

 

 

 

 

 

 

 

 

 

 

Effect of exchange rate changes on cash

 

(5.5

)

—

 

0.1

 

(5.4

)

 

 

 

 

 

 

 

 

 

 

Change in cash and cash equivalents

 

0.5

 

—

 

(5.1

)

(4.6

)

Cash and cash equivalents — beginning of period

 

0.2

 

0.3

 

173.6

 

174.1

 

Cash and cash equivalents — end of period

 

$

0.7

 

$

0.3

 

$

168.5

 

$

169.5