Condensed Consolidating Information |
Condensed Consolidating Information
In January 2013, the Company’s subsidiary, Coperion Corporation, a Delaware corporation, was joined as a party to the Guaranty dated July 2012 (“Guaranty”), by certain subsidiaries of the Company (including Coperion Corporation, the “Guarantors”), which was entered into in connection with the Company’s revolving credit facility. In accordance with the terms of the revolving credit facility, Coperion Corporation was required to join the Guaranty as a material domestic subsidiary of the Company following the acquisition of Coperion Capital GmbH.
In January 2013, the Company, the Guarantors, and U.S. Bank National Association (“Trustee”) entered into a supplemental indenture pursuant to which the Guarantors agreed to guarantee the obligations of the Company under its 5.50% Notes due 2020 issued pursuant to an Indenture entered into in July 2010, between the Company and the Trustee. As such, certain 100% owned subsidiaries of Hillenbrand fully and unconditionally, jointly and severally, agreed to guarantee all of the indebtedness relating to our obligations under our 5.50% Notes due 2020. The following are the condensed consolidating financial statements, including the guarantors, which present the statements of income, balance sheets, and cash flows of (i) the parent holding company, (ii) the guarantor subsidiaries, (iii) the non-guarantor subsidiaries, and (iv) eliminations necessary to present the information for Hillenbrand on a consolidated basis.
Condensed Consolidating Statements of Income
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Year Ended September 30, 2015 |
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Year Ended September 30, 2014 |
|
Year Ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net revenue |
$ |
— |
|
|
$ |
912.0 |
|
|
$ |
889.0 |
|
|
$ |
(204.2 |
) |
|
$ |
1,596.8 |
|
|
$ |
— |
|
|
$ |
866.1 |
|
|
$ |
1,001.9 |
|
|
$ |
(200.8 |
) |
|
$ |
1,667.2 |
|
|
$ |
— |
|
|
$ |
863.4 |
|
|
$ |
862.7 |
|
|
$ |
(172.7 |
) |
|
$ |
1,553.4 |
|
Cost of goods sold |
— |
|
|
475.6 |
|
|
654.5 |
|
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(103.7 |
) |
|
1,026.4 |
|
|
— |
|
|
441.9 |
|
|
736.0 |
|
|
(99.9 |
) |
|
1,078.0 |
|
|
— |
|
|
442.8 |
|
|
655.8 |
|
|
(63.9 |
) |
|
1,034.7 |
|
Gross profit |
— |
|
|
436.4 |
|
|
234.5 |
|
|
(100.5 |
) |
|
570.4 |
|
|
— |
|
|
424.2 |
|
|
265.9 |
|
|
(100.9 |
) |
|
589.2 |
|
|
— |
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|
420.6 |
|
|
206.9 |
|
|
(108.8 |
) |
|
518.7 |
|
Operating expenses |
33.1 |
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|
244.1 |
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|
153.9 |
|
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(100.5 |
) |
|
330.6 |
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|
41.0 |
|
|
261.4 |
|
|
181.6 |
|
|
(100.9 |
) |
|
383.1 |
|
|
42.0 |
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|
243.9 |
|
|
159.4 |
|
|
(108.8 |
) |
|
336.5 |
|
Amortization expense |
0.4 |
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|
11.4 |
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|
16.3 |
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— |
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|
28.1 |
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|
0.5 |
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|
11.4 |
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|
19.7 |
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|
— |
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|
31.6 |
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|
0.4 |
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|
16.1 |
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|
47.6 |
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— |
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|
64.1 |
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Pension settlement charge |
3.3 |
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|
14.4 |
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— |
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— |
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17.7 |
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— |
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— |
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|
— |
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|
— |
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|
— |
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|
— |
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|
— |
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|
— |
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|
— |
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|
— |
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Interest expense |
20.5 |
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|
0.8 |
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|
2.5 |
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|
— |
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|
23.8 |
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|
18.9 |
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|
0.4 |
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|
4.0 |
|
|
— |
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|
23.3 |
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|
19.8 |
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|
0.2 |
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|
4.4 |
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(0.4 |
) |
|
24.0 |
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Other income (expense), net |
(0.2 |
) |
|
(4.0 |
) |
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(3.7 |
) |
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— |
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(7.9 |
) |
|
(0.1 |
) |
|
8.5 |
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|
0.3 |
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|
— |
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|
8.7 |
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1.4 |
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(3.5 |
) |
|
2.1 |
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|
(0.4 |
) |
|
(0.4 |
) |
Equity in net income (loss) of subsidiaries |
141.1 |
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|
12.5 |
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— |
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(153.6 |
) |
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— |
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|
144.4 |
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|
10.3 |
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|
— |
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(154.7 |
) |
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— |
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|
105.2 |
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|
10.0 |
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— |
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(115.2 |
) |
|
— |
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Income (loss) before income taxes |
83.6 |
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|
174.2 |
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|
58.1 |
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(153.6 |
) |
|
162.3 |
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|
83.9 |
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|
169.8 |
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|
60.9 |
|
|
(154.7 |
) |
|
159.9 |
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|
44.4 |
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|
166.9 |
|
|
(2.4 |
) |
|
(115.2 |
) |
|
93.7 |
|
Income tax expense (benefit) |
(27.8 |
) |
|
60.5 |
|
|
16.4 |
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|
— |
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|
49.1 |
|
|
(25.8 |
) |
|
59.7 |
|
|
14.8 |
|
|
— |
|
|
48.7 |
|
|
(19.0 |
) |
|
58.5 |
|
|
(11.2 |
) |
|
— |
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|
28.3 |
|
Consolidated net income |
111.4 |
|
|
113.7 |
|
|
41.7 |
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(153.6 |
) |
|
113.2 |
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|
109.7 |
|
|
110.1 |
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|
46.1 |
|
|
(154.7 |
) |
|
111.2 |
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|
63.4 |
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|
108.4 |
|
|
8.8 |
|
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(115.2 |
) |
|
65.4 |
|
Less: Net income attributable to noncontrolling interests |
— |
|
|
— |
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|
1.8 |
|
|
— |
|
|
1.8 |
|
|
— |
|
|
— |
|
|
1.5 |
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|
— |
|
|
1.5 |
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|
— |
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|
— |
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|
2.0 |
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|
— |
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|
2.0 |
|
Net income (loss)(1) |
$ |
111.4 |
|
|
$ |
113.7 |
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|
$ |
39.9 |
|
|
$ |
(153.6 |
) |
|
$ |
111.4 |
|
|
$ |
109.7 |
|
|
$ |
110.1 |
|
|
$ |
44.6 |
|
|
$ |
(154.7 |
) |
|
$ |
109.7 |
|
|
$ |
63.4 |
|
|
$ |
108.4 |
|
|
$ |
6.8 |
|
|
$ |
(115.2 |
) |
|
$ |
63.4 |
|
Consolidated comprehensive income (loss) |
$ |
55.7 |
|
|
$ |
103.5 |
|
|
$ |
0.8 |
|
|
$ |
(102.9 |
) |
|
$ |
57.1 |
|
|
$ |
58.9 |
|
|
$ |
100.7 |
|
|
$ |
(8.4 |
) |
|
$ |
(90.9 |
) |
|
$ |
60.3 |
|
|
$ |
104.4 |
|
|
$ |
132.5 |
|
|
$ |
28.5 |
|
|
$ |
(159.5 |
) |
|
$ |
105.9 |
|
Less: Comprehensive income attributable to noncontrolling interests |
— |
|
|
— |
|
|
1.4 |
|
|
— |
|
|
1.4 |
|
|
— |
|
|
— |
|
|
1.4 |
|
|
— |
|
|
1.4 |
|
|
— |
|
|
— |
|
|
1.5 |
|
|
— |
|
|
1.5 |
|
Comprehensive income (loss)(2) |
$ |
55.7 |
|
|
$ |
103.5 |
|
|
$ |
(0.6 |
) |
|
$ |
(102.9 |
) |
|
$ |
55.7 |
|
|
$ |
58.9 |
|
|
$ |
100.7 |
|
|
$ |
(9.8 |
) |
|
$ |
(90.9 |
) |
|
$ |
58.9 |
|
|
$ |
104.4 |
|
|
$ |
132.5 |
|
|
$ |
27.0 |
|
|
$ |
(159.5 |
) |
|
$ |
104.4 |
|
(1) Net income attributable to Hillenbrand
(2) Comprehensive income attributable to Hillenbrand
Condensed Consolidating Balance Sheets
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September 30, 2015 |
|
September 30, 2014 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Cash and equivalents |
$ |
0.3 |
|
|
$ |
7.1 |
|
|
$ |
40.9 |
|
|
$ |
— |
|
|
$ |
48.3 |
|
|
$ |
0.4 |
|
|
$ |
10.6 |
|
|
$ |
47.0 |
|
|
$ |
— |
|
|
$ |
58.0 |
|
Trade receivables, net |
— |
|
|
113.4 |
|
|
74.5 |
|
|
— |
|
|
187.9 |
|
|
— |
|
|
113.2 |
|
|
77.8 |
|
|
— |
|
|
191.0 |
|
Unbilled receivables from long-term manufacturing contracts |
— |
|
|
13.5 |
|
|
131.4 |
|
|
— |
|
|
144.9 |
|
|
— |
|
|
4.0 |
|
|
145.3 |
|
|
— |
|
|
149.3 |
|
Inventories |
— |
|
|
69.0 |
|
|
87.1 |
|
|
(2.5 |
) |
|
153.6 |
|
|
— |
|
|
69.7 |
|
|
101.8 |
|
|
(3.0 |
) |
|
168.5 |
|
Deferred income taxes |
1.8 |
|
|
15.7 |
|
|
4.4 |
|
|
— |
|
|
21.9 |
|
|
10.6 |
|
|
17.3 |
|
|
2.6 |
|
|
— |
|
|
30.5 |
|
Prepaid expense |
2.8 |
|
|
6.5 |
|
|
14.5 |
|
|
— |
|
|
23.8 |
|
|
2.5 |
|
|
4.9 |
|
|
11.6 |
|
|
— |
|
|
19.0 |
|
Intercompany receivables |
— |
|
|
921.8 |
|
|
60.2 |
|
|
(982.0 |
) |
|
— |
|
|
291.0 |
|
|
1,189.9 |
|
|
5.3 |
|
|
(1,486.2 |
) |
|
— |
|
Other current assets |
0.6 |
|
|
1.9 |
|
|
20.8 |
|
|
0.4 |
|
|
23.7 |
|
|
1.2 |
|
|
2.1 |
|
|
17.8 |
|
|
0.4 |
|
|
21.5 |
|
Total current assets |
5.5 |
|
|
1,148.9 |
|
|
433.8 |
|
|
(984.1 |
) |
|
604.1 |
|
|
305.7 |
|
|
1,411.7 |
|
|
409.2 |
|
|
(1,488.8 |
) |
|
637.8 |
|
Property, plant and equipment, net |
6.3 |
|
|
66.2 |
|
|
85.8 |
|
|
— |
|
|
158.3 |
|
|
6.7 |
|
|
65.4 |
|
|
87.4 |
|
|
— |
|
|
159.5 |
|
Intangible assets, net |
2.2 |
|
|
175.6 |
|
|
281.8 |
|
|
— |
|
|
459.6 |
|
|
2.5 |
|
|
186.1 |
|
|
321.9 |
|
|
— |
|
|
510.5 |
|
Goodwill |
— |
|
|
211.7 |
|
|
332.3 |
|
|
— |
|
|
544.0 |
|
|
— |
|
|
211.7 |
|
|
359.0 |
|
|
— |
|
|
570.7 |
|
Investment in consolidated subsidiaries |
2,082.7 |
|
|
836.1 |
|
|
— |
|
|
(2,918.8 |
) |
|
— |
|
|
2,000.2 |
|
|
644.0 |
|
|
— |
|
|
(2,644.2 |
) |
|
— |
|
Other assets |
24.5 |
|
|
31.0 |
|
|
0.9 |
|
|
(14.3 |
) |
|
42.1 |
|
|
25.8 |
|
|
9.9 |
|
|
4.3 |
|
|
— |
|
|
40.0 |
|
Total Assets |
$ |
2,121.2 |
|
|
$ |
2,469.5 |
|
|
$ |
1,134.6 |
|
|
$ |
(3,917.2 |
) |
|
$ |
1,808.1 |
|
|
$ |
2,340.9 |
|
|
$ |
2,528.8 |
|
|
$ |
1,181.8 |
|
|
$ |
(4,133.0 |
) |
|
$ |
1,918.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade accounts payable |
$ |
0.5 |
|
|
$ |
22.7 |
|
|
$ |
81.3 |
|
|
$ |
(0.2 |
) |
|
$ |
104.3 |
|
|
$ |
3.0 |
|
|
$ |
32.8 |
|
|
$ |
156.8 |
|
|
$ |
— |
|
|
$ |
192.6 |
|
Liabilities from long-term manufacturing contracts and advances |
— |
|
|
13.5 |
|
|
66.2 |
|
|
— |
|
|
79.7 |
|
|
— |
|
|
20.4 |
|
|
55.7 |
|
|
— |
|
|
76.1 |
|
Current portion of long-term debt |
9.0 |
|
|
— |
|
|
0.4 |
|
|
— |
|
|
9.4 |
|
|
15.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
15.0 |
|
Accrued compensation |
3.9 |
|
|
23.0 |
|
|
35.4 |
|
|
— |
|
|
62.3 |
|
|
5.0 |
|
|
55.3 |
|
|
9.3 |
|
|
— |
|
|
69.6 |
|
Deferred income taxes |
— |
|
|
— |
|
|
25.4 |
|
|
— |
|
|
25.4 |
|
|
— |
|
|
1.6 |
|
|
19.1 |
|
|
— |
|
|
20.7 |
|
Intercompany payables |
979.7 |
|
|
4.8 |
|
|
— |
|
|
(984.5 |
) |
|
— |
|
|
1,202.7 |
|
|
286.5 |
|
|
— |
|
|
(1,489.2 |
) |
|
— |
|
Other current liabilities |
18.1 |
|
|
46.0 |
|
|
58.6 |
|
|
0.4 |
|
|
123.1 |
|
|
4.1 |
|
|
61.6 |
|
|
51.0 |
|
|
0.4 |
|
|
117.1 |
|
Total current liabilities |
1,011.2 |
|
|
110.0 |
|
|
267.3 |
|
|
(984.3 |
) |
|
404.2 |
|
|
1,229.8 |
|
|
458.2 |
|
|
291.9 |
|
|
(1,488.8 |
) |
|
491.1 |
|
Long-term debt |
513.1 |
|
|
— |
|
|
5.6 |
|
|
— |
|
|
518.7 |
|
|
525.9 |
|
|
— |
|
|
17.6 |
|
|
— |
|
|
543.5 |
|
Accrued pension and postretirement healthcare |
1.1 |
|
|
119.8 |
|
|
97.8 |
|
|
— |
|
|
218.7 |
|
|
1.0 |
|
|
94.2 |
|
|
105.7 |
|
|
— |
|
|
200.9 |
|
Deferred income taxes |
— |
|
|
17.0 |
|
|
26.5 |
|
|
(14.1 |
) |
|
29.4 |
|
|
0.8 |
|
|
15.1 |
|
|
39.5 |
|
|
— |
|
|
55.4 |
|
Other long-term liabilities |
1.7 |
|
|
20.4 |
|
|
9.2 |
|
|
— |
|
|
31.3 |
|
|
0.1 |
|
|
27.7 |
|
|
6.0 |
|
|
— |
|
|
33.8 |
|
Total Liabilities |
1,527.1 |
|
|
267.2 |
|
|
406.4 |
|
|
(998.4 |
) |
|
1,202.3 |
|
|
1,757.6 |
|
|
595.2 |
|
|
460.7 |
|
|
(1,488.8 |
) |
|
1,324.7 |
|
Total Hillenbrand Shareholders’ Equity |
594.1 |
|
|
2,202.3 |
|
|
716.5 |
|
|
(2,918.8 |
) |
|
594.1 |
|
|
583.3 |
|
|
1,933.6 |
|
|
710.6 |
|
|
(2,644.2 |
) |
|
583.3 |
|
Noncontrolling interests |
— |
|
|
— |
|
|
11.7 |
|
|
— |
|
|
11.7 |
|
|
— |
|
|
— |
|
|
10.5 |
|
|
— |
|
|
10.5 |
|
Total Equity |
594.1 |
|
|
2,202.3 |
|
|
728.2 |
|
|
(2,918.8 |
) |
|
605.8 |
|
|
583.3 |
|
|
1,933.6 |
|
|
721.1 |
|
|
(2,644.2 |
) |
|
593.8 |
|
Total Liabilities and Equity |
$ |
2,121.2 |
|
|
$ |
2,469.5 |
|
|
$ |
1,134.6 |
|
|
$ |
(3,917.2 |
) |
|
$ |
1,808.1 |
|
|
$ |
2,340.9 |
|
|
$ |
2,528.8 |
|
|
$ |
1,181.8 |
|
|
$ |
(4,133.0 |
) |
|
$ |
1,918.5 |
|
Condensed Consolidating Statements of Cash Flows
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended September 30, 2015 |
|
Year Ended September 30, 2014 |
|
Year Ended September 30, 2013 |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
|
Parent |
|
Guarantors |
|
Non-
Guarantors
|
|
Eliminations |
|
Consolidated |
Net cash provided by (used in) operating activities |
$ |
76.0 |
|
|
$ |
91.0 |
|
|
$ |
23.6 |
|
|
$ |
(85.6 |
) |
|
$ |
105.0 |
|
|
$ |
81.8 |
|
|
$ |
46.9 |
|
|
$ |
98.2 |
|
|
$ |
(47.3 |
) |
|
$ |
179.6 |
|
|
$ |
152.1 |
|
|
$ |
107.4 |
|
|
$ |
(36.4 |
) |
|
$ |
(95.9 |
) |
|
$ |
127.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures |
(1.1 |
) |
|
(14.5 |
) |
|
(15.4 |
) |
|
— |
|
|
(31.0 |
) |
|
(1.0 |
) |
|
(9.5 |
) |
|
(13.1 |
) |
|
— |
|
|
(23.6 |
) |
|
(2.8 |
) |
|
(14.3 |
) |
|
(12.8 |
) |
|
— |
|
|
(29.9 |
) |
Proceeds from property, plant, and equipment |
— |
|
|
2.8 |
|
|
— |
|
|
— |
|
|
2.8 |
|
|
— |
|
|
0.3 |
|
|
7.2 |
|
|
— |
|
|
7.5 |
|
|
1.2 |
|
|
0.1 |
|
|
0.3 |
|
|
— |
|
|
1.6 |
|
Proceeds from investments |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
5.8 |
|
|
— |
|
|
— |
|
|
5.8 |
|
|
1.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.7 |
|
Acquisition of business, net of cash acquired |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(404.3 |
) |
|
(0.5 |
) |
|
(10.9 |
) |
|
— |
|
|
(415.7 |
) |
Return of investment capital from affiliaties |
1.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.5 |
|
|
1.1 |
|
|
— |
|
|
0.9 |
|
|
— |
|
|
2.0 |
|
|
1.1 |
|
|
— |
|
|
0.2 |
|
|
— |
|
|
1.3 |
|
Other, net |
— |
|
|
(2.5 |
) |
|
(0.3 |
) |
|
— |
|
|
(2.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Net cash used in investing activities |
0.4 |
|
|
(14.2 |
) |
|
(15.7 |
) |
|
— |
|
|
(29.5 |
) |
|
0.1 |
|
|
(3.4 |
) |
|
(5.0 |
) |
|
— |
|
|
(8.3 |
) |
|
(403.1 |
) |
|
(14.7 |
) |
|
(23.2 |
) |
|
— |
|
|
(441.0 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from term loan |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
200.0 |
|
|
— |
|
|
— |
|
|
— |
|
|
200.0 |
|
Repayments on term loan |
(9.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(9.0 |
) |
|
(10.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(10.0 |
) |
|
(10.0 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(10.0 |
) |
Proceeds from revolving credit facilities |
331.7 |
|
|
— |
|
|
98.5 |
|
|
— |
|
|
430.2 |
|
|
248.4 |
|
|
— |
|
|
68.2 |
|
|
— |
|
|
316.6 |
|
|
592.3 |
|
|
— |
|
|
118.0 |
|
|
— |
|
|
710.3 |
|
Repayments on revolving credit facilities |
(441.8 |
) |
|
— |
|
|
(105.2 |
) |
|
— |
|
|
(547.0 |
) |
|
(269.9 |
) |
|
— |
|
|
(140.8 |
) |
|
— |
|
|
(410.7 |
) |
|
(485.5 |
) |
|
— |
|
|
(29.2 |
) |
|
— |
|
|
(514.7 |
) |
Proceeds from Series A unsecured notes, net of financing costs |
99.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
99.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Payment of dividends - intercompany |
— |
|
|
(80.3 |
) |
|
(5.3 |
) |
|
85.6 |
|
|
— |
|
|
— |
|
|
(41.6 |
) |
|
(5.7 |
) |
|
47.3 |
|
|
— |
|
|
— |
|
|
(90.3 |
) |
|
(5.6 |
) |
|
95.9 |
|
|
— |
|
Payment of dividends on common stock |
(50.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(50.4 |
) |
|
(49.7 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(49.7 |
) |
|
(48.7 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(48.7 |
) |
Repurchases of common stock |
(11.2 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(11.2 |
) |
|
(16.5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(16.5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Net proceeds (payments) on stock plans |
3.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
3.4 |
|
|
14.6 |
|
|
— |
|
|
— |
|
|
— |
|
|
14.6 |
|
|
(0.4 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(0.4 |
) |
Other, net |
1.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
1.2 |
|
|
1.0 |
|
|
— |
|
|
(0.8 |
) |
|
— |
|
|
0.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Net cash (used in) provided by financing activities |
(76.5 |
) |
|
(80.3 |
) |
|
(12.0 |
) |
|
85.6 |
|
|
(83.2 |
) |
|
(82.1 |
) |
|
(41.6 |
) |
|
(79.1 |
) |
|
47.3 |
|
|
(155.5 |
) |
|
247.7 |
|
|
(90.3 |
) |
|
83.2 |
|
|
95.9 |
|
|
336.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of exchange rates on cash and cash equivalents |
— |
|
|
— |
|
|
(2.0 |
) |
|
— |
|
|
(2.0 |
) |
|
— |
|
|
— |
|
|
(0.5 |
) |
|
— |
|
|
(0.5 |
) |
|
— |
|
|
— |
|
|
(0.2 |
) |
|
— |
|
|
(0.2 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash flow |
(0.1 |
) |
|
(3.5 |
) |
|
(6.1 |
) |
|
— |
|
|
(9.7 |
) |
|
(0.2 |
) |
|
1.9 |
|
|
13.6 |
|
|
— |
|
|
15.3 |
|
|
(3.3 |
) |
|
2.4 |
|
|
23.4 |
|
|
— |
|
|
22.5 |
|
Cash and equivalents at beginning of period |
0.4 |
|
|
10.6 |
|
|
47.0 |
|
|
— |
|
|
58.0 |
|
|
0.6 |
|
|
8.7 |
|
|
33.4 |
|
|
— |
|
|
42.7 |
|
|
3.9 |
|
|
6.3 |
|
|
10.0 |
|
|
— |
|
|
20.2 |
|
Cash and equivalents at end of period |
$ |
0.3 |
|
|
$ |
7.1 |
|
|
$ |
40.9 |
|
|
$ |
— |
|
|
$ |
48.3 |
|
|
$ |
0.4 |
|
|
$ |
10.6 |
|
|
$ |
47.0 |
|
|
$ |
— |
|
|
$ |
58.0 |
|
|
$ |
0.6 |
|
|
$ |
8.7 |
|
|
$ |
33.4 |
|
|
$ |
— |
|
|
$ |
42.7 |
|
|