|
Supplemental Guarantor Information (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Supplemental Guarantor Information [Abstract] |
|
| Schedule of Condensed Cash Flow Statement [Table Text Block] |
Condensed Consolidating Statement of Cash Flows | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2013 | (in millions) | Parent
Guarantor | | Subsidiary
Issuer | | Guarantor
Subsidiaries | | Non-Guarantor
Subsidiary | | Co-Issuer | | Consolidating
Adjustments | | Consolidated | Net cash (used in) provided by operating activities | $ | (15.2 | ) | | $ | (130.3 | ) | | $ | 508.8 |
| | $ | 5.5 |
| | $ | — |
| | $ | (2.5 | ) | | $ | 366.3 |
| Cash flows from investing activities: | | | | | | | | | | | | | | Capital expenditures | — |
| | (40.8 | ) | | (6.2 | ) | | (0.1 | ) | | — |
| | — |
| | (47.1 | ) | Net cash used in investing activities | — |
| | (40.8 | ) | | (6.2 | ) | | (0.1 | ) | | — |
| | — |
| | (47.1 | ) | Cash flows from financing activities: | | | | | | | | | | | | | | Proceeds from borrowings under revolving credit facility | — |
| | 63.0 |
| | — |
| | — |
| | — |
| | — |
| | 63.0 |
| Repayments of borrowings under revolving credit facility | — |
| | (63.0 | ) | | — |
| | — |
| | — |
| | — |
| | (63.0 | ) | Repayments of long-term debt | — |
| | (51.1 | ) | | — |
| | — |
| | — |
| | — |
| | (51.1 | ) | Proceeds from issuance of long-term debt | — |
| | 1,535.2 |
| | — |
| | — |
| | — |
| | — |
| | 1,535.2 |
| Payments to extinguish long-term debt | — |
| | (2,047.4 | ) | | — |
| | — |
| | — |
| | — |
| | (2,047.4 | ) | Payment of debt financing costs | — |
| | (6.1 | ) | | — |
| | — |
| | — |
| | — |
| | (6.1 | ) | Net change in accounts payable-inventory financing | — |
| | — |
| | 7.4 |
| | — |
| | — |
| | — |
| | 7.4 |
| Payment of incentive compensation plan withholding taxes | — |
| | (4.0 | ) | | (19.6 | ) | | (0.5 | ) | | — |
| | — |
| | (24.1 | ) | Net proceeds from issuance of common shares | 424.7 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 424.7 |
| Dividends paid | (7.3 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (7.3 | ) | Advances to/from affiliates | (402.2 | ) | | 892.6 |
| | (490.4 | ) | | — |
| | — |
| | — |
| | — |
| Other financing activities | — |
| | 0.4 |
| | — |
| | — |
| | — |
| | — |
| | 0.4 |
| Net cash provided by (used in) financing activities | 15.2 |
| | 319.6 |
| | (502.6 | ) | | (0.5 | ) | | — |
| | — |
| | (168.3 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | — |
| | (0.7 | ) | | — |
| | — |
| | (0.7 | ) | Net increase in cash and cash equivalents | — |
| | 148.5 |
| | — |
| | 4.2 |
| | — |
| | (2.5 | ) | | 150.2 |
| Cash and cash equivalents – beginning of period | — |
| | 48.0 |
| | — |
| | 9.8 |
| | — |
| | (19.9 | ) | | 37.9 |
| Cash and cash equivalents – end of period | $ | — |
| | $ | 196.5 |
| | $ | — |
| | $ | 14.0 |
| | $ | — |
| | $ | (22.4 | ) | | $ | 188.1 |
|
Condensed Consolidating Statement of Cash Flows | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2012 | (in millions) | Parent
Guarantor | | Subsidiary
Issuer | | Guarantor
Subsidiaries | | Non-Guarantor
Subsidiary | | Co-Issuer | | Consolidating
Adjustments | | Consolidated | Net cash (used in) provided by operating activities | $ | — |
| | $ | (204.3 | ) | | $ | 514.2 |
| | $ | 1.3 |
| | $ | — |
| | $ | 6.2 |
| | $ | 317.4 |
| Cash flows from investing activities: | | | | | | | | | | | | | | Capital expenditures | — |
| | (27.0 | ) | | (14.0 | ) | | (0.4 | ) | | — |
| | — |
| | (41.4 | ) | Premium payments on interest rate cap agreements | — |
| | (0.3 | ) | | — |
| | — |
| | — |
| | — |
| | (0.3 | ) | Net cash used in investing activities | — |
| | (27.3 | ) | | (14.0 | ) | | (0.4 | ) | | — |
| | — |
| | (41.7 | ) | Cash flows from financing activities: |
| |
| |
| |
| |
| |
| |
| Proceeds from borrowings under revolving credit facility | — |
| | 289.0 |
| | — |
| | — |
| | — |
| | — |
| | 289.0 |
| Repayments of borrowings under revolving credit facility | — |
| | (289.0 | ) | | — |
| | — |
| | — |
| | — |
| | (289.0 | ) | Repayments of long-term debt | — |
| | (201.0 | ) | | — |
| | — |
| | — |
| | — |
| | (201.0 | ) | Proceeds from issuance of long-term debt | — |
| | 135.7 |
| | — |
| | — |
| | — |
| | — |
| | 135.7 |
| Payments to extinguish long-term debt | — |
| | (243.2 | ) | | — |
| | — |
| | — |
| | — |
| | (243.2 | ) | Payment of debt financing costs | — |
| | (2.1 | ) | | — |
| | — |
| | — |
| | — |
| | (2.1 | ) | Net change in accounts payable-inventory financing | — |
| | — |
| | (29.5 | ) | | — |
| | — |
| | — |
| | (29.5 | ) | Advances to/from affiliates | — |
| | 486.0 |
| | (486.5 | ) | | 0.5 |
| | — |
| | — |
| | — |
| Other financing activities | — |
| | 2.1 |
| | — |
| | — |
| | — |
| | — |
| | 2.1 |
| Net cash provided by (used in) financing activities | — |
| | 177.5 |
| | (516.0 | ) | | 0.5 |
| | — |
| | — |
| | (338.0 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | — |
| | 0.3 |
| | — |
| | — |
| | 0.3 |
| Net (decrease) increase in cash and cash equivalents | — |
| | (54.1 | ) | | (15.8 | ) | | 1.7 |
| | — |
| | 6.2 |
| | (62.0 | ) | Cash and cash equivalents – beginning of period | — |
| | 102.1 |
| | 15.8 |
| | 8.1 |
| | — |
| | (26.1 | ) | | 99.9 |
| Cash and cash equivalents – end of period | $ | — |
| | $ | 48.0 |
| | $ | — |
| | $ | 9.8 |
| | $ | — |
| | $ | (19.9 | ) | | $ | 37.9 |
|
Condensed Consolidating Statement of Cash Flows | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2014 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Net cash (used in) provided by operating activities | $ | — |
| | $ | (120.4 | ) | | $ | 547.7 |
| | $ | 11.8 |
| | $ | — |
| | $ | (4.1 | ) | | $ | 435.0 |
| Cash flows from investing activities: | | | | | | | | | | | | | | Capital expenditures | — |
| | (47.9 | ) | | (7.1 | ) | | — |
| | — |
| | — |
| | (55.0 | ) | Payment for equity investments | — |
| | (86.8 | ) | | — |
| | — |
| | — |
| | — |
| | (86.8 | ) | Payment of accrued charitable contribution related to the MPK Coworker Incentive Plan II | — |
| | (20.9 | ) | | — |
| | — |
| | — |
| | — |
| | (20.9 | ) | Premium payments on interest rate cap agreements | — |
| | (2.1 | ) | | — |
| | — |
| | — |
| | — |
| | (2.1 | ) | Net cash used in investing activities | — |
| | (157.7 | ) | | (7.1 | ) | | — |
| | — |
| | — |
| | (164.8 | ) | Cash flows from financing activities: | | | | | | | | | | | | | | Repayments of long-term debt | — |
| | (15.4 | ) | | — |
| | — |
| | — |
| | — |
| | (15.4 | ) | Proceeds from issuance of long-term debt | — |
| | 1,175.0 |
| | — |
| | — |
| | — |
| | — |
| | 1,175.0 |
| Payments to extinguish long-term debt | — |
| | (1,299.0 | ) | | — |
| | — |
| | — |
| | — |
| | (1,299.0 | ) | Payment of debt financing costs | — |
| | (21.9 | ) | | — |
| | — |
| | — |
| | — |
| | (21.9 | ) | Net change in accounts payable-inventory financing | — |
| | — |
| | 75.5 |
| | — |
| | — |
| | — |
| | 75.5 |
| Proceeds from stock option exercises | — |
| | 1.3 |
| | — |
| | — |
| | — |
| | — |
| | 1.3 |
| Proceeds from Coworker stock purchase plan | — |
| | 5.8 |
| | — |
| | — |
| | — |
| | — |
| | 5.8 |
| Dividends paid | (33.6 | ) | | — |
| | — |
| | — |
| | — |
| | — |
| | (33.6 | ) | Excess tax benefits from equity-based compensation | — |
| | 0.3 |
| | — |
| | — |
| | — |
| | — |
| | 0.3 |
| Advances to/from affiliates | 33.6 |
| | 581.9 |
| | (616.1 | ) | | 0.6 |
| | — |
| | — |
| | — |
| Net cash provided by (used in) financing activities | — |
| | 428.0 |
| | (540.6 | ) | | 0.6 |
| | — |
| | — |
| | (112.0 | ) | Effect of exchange rate changes on cash and cash equivalents | — |
| | — |
| | — |
| | (1.8 | ) | | — |
| | — |
| | (1.8 | ) | Net increase in cash and cash equivalents | — |
| | 149.9 |
| | — |
| | 10.6 |
| | — |
| | (4.1 | ) | | 156.4 |
| Cash and cash equivalents – beginning of period | — |
| | 196.5 |
| | — |
| | 14.0 |
| | — |
| | (22.4 | ) | | 188.1 |
| Cash and cash equivalents – end of period | $ | — |
| | $ | 346.4 |
| | $ | — |
| | $ | 24.6 |
| | $ | — |
| | $ | (26.5 | ) | | $ | 344.5 |
|
|
| Schedule of Condensed Comprehensive Income (Loss) [Table Text Block] |
Condensed Consolidating Statement of Comprehensive Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2014 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Comprehensive income | $ | 234.6 |
| | $ | 234.6 |
| | $ | 484.6 |
| | $ | 5.1 |
| | $ | — |
| | $ | (724.3 | ) | | $ | 234.6 |
|
Condensed Consolidating Statement of Comprehensive Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2012 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Comprehensive income | $ | 121.5 |
| | $ | 121.5 |
| | $ | 322.8 |
| | $ | 13.2 |
| | $ | — |
| | $ | (457.5 | ) | | $ | 121.5 |
|
Condensed Consolidating Statement of Comprehensive Income | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2013 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Comprehensive income | $ | 126.1 |
| | $ | 141.3 |
| | $ | 409.0 |
| | $ | 4.8 |
| | $ | — |
| | $ | (555.1 | ) | | $ | 126.1 |
|
|
| Schedule of Condensed Balance Sheet [Table Text Block] |
Condensed Consolidating Balance Sheet | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2014 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Assets | | | | | | | | | | | | | | Current assets: | | | | | | | | | | | | | | Cash and cash equivalents | $ | — |
| | $ | 346.4 |
| | $ | — |
| | $ | 24.6 |
| | $ | — |
| | $ | (26.5 | ) | | $ | 344.5 |
| Accounts receivable, net | — |
| | — |
| | 1,479.1 |
| | 82.0 |
| | — |
| | — |
| | 1,561.1 |
| Merchandise inventory | — |
| | — |
| | 333.9 |
| | 3.6 |
| | — |
| | — |
| | 337.5 |
| Miscellaneous receivables | — |
| | 56.1 |
| | 93.3 |
| | 6.2 |
| | — |
| | — |
| | 155.6 |
| Prepaid expenses and other | — |
| | 11.0 |
| | 46.0 |
| | 1.5 |
| | — |
| | (3.8 | ) | | 54.7 |
| Total current assets | — |
| | 413.5 |
| | 1,952.3 |
| | 117.9 |
| | — |
| | (30.3 | ) | | 2,453.4 |
| Property and equipment, net | — |
| | 80.5 |
| | 55.5 |
| | 1.2 |
| | — |
| | — |
| | 137.2 |
| Equity investments | — |
| | 86.7 |
| | — |
| | — |
| | — |
| | — |
| | 86.7 |
| Goodwill | — |
| | 751.8 |
| | 1,439.0 |
| | 26.8 |
| | — |
| | — |
| | 2,217.6 |
| Other intangible assets, net | — |
| | 320.0 |
| | 843.6 |
| | 5.2 |
| | — |
| | — |
| | 1,168.8 |
| Deferred financing costs, net | — |
| | 33.0 |
| | — |
| | — |
| | — |
| | — |
| | 33.0 |
| Other assets | 4.3 |
| | 3.2 |
| | 0.4 |
| | 1.4 |
| | — |
| | (6.1 | ) | | 3.2 |
| Investment in and advances to subsidiaries | 932.2 |
| | 2,784.5 |
| | — |
| | — |
| | — |
| | (3,716.7 | ) | | — |
| Total assets | $ | 936.5 |
| | $ | 4,473.2 |
| | $ | 4,290.8 |
| | $ | 152.5 |
| | $ | — |
| | $ | (3,753.1 | ) | | $ | 6,099.9 |
| Liabilities and Shareholders’ Equity | | | | | | | | | | | | | | Current liabilities: | | | | | | | | | | | | | | Accounts payable-trade | $ | — |
| | $ | 23.9 |
| | $ | 671.9 |
| | $ | 34.7 |
| | $ | — |
| | $ | (26.5 | ) | | $ | 704.0 |
| Accounts payable-inventory financing | — |
| | — |
| | 332.1 |
| | — |
| | — |
| | — |
| | 332.1 |
| Current maturities of long-term debt | — |
| | 15.4 |
| | — |
| | — |
| | — |
| | — |
| | 15.4 |
| Deferred revenue | — |
| | — |
| | 79.9 |
| | 1.4 |
| | — |
| | — |
| | 81.3 |
| Accrued expenses | — |
| | 137.8 |
| | 193.6 |
| | 7.9 |
| | — |
| | (4.1 | ) | | 335.2 |
| Total current liabilities | — |
| | 177.1 |
| | 1,277.5 |
| | 44.0 |
| | — |
| | (30.6 | ) | | 1,468.0 |
| Long-term liabilities: | | | | | | | | | | | | | | Debt | — |
| | 3,174.6 |
| | — |
| | — |
| | — |
| | — |
| | 3,174.6 |
| Deferred income taxes | — |
| | 146.7 |
| | 331.3 |
| | 1.3 |
| | — |
| | (4.3 | ) | | 475.0 |
| Other liabilities | — |
| | 42.6 |
| | 3.7 |
| | 1.0 |
| | — |
| | (1.5 | ) | | 45.8 |
| Total long-term liabilities | — |
| | 3,363.9 |
| | 335.0 |
| | 2.3 |
| | — |
| | (5.8 | ) | | 3,695.4 |
| Total shareholders’ equity | 936.5 |
| | 932.2 |
| | 2,678.3 |
| | 106.2 |
| | — |
| | (3,716.7 | ) | | 936.5 |
| Total liabilities and shareholders' equity | $ | 936.5 |
| | $ | 4,473.2 |
| | $ | 4,290.8 |
| | $ | 152.5 |
| | $ | — |
| | $ | (3,753.1 | ) | | $ | 6,099.9 |
|
Condensed Consolidating Balance Sheet | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2013 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Assets | | | | | | | | | | | | | | Current assets: | | | | | | | | | | | | | | Cash and cash equivalents | $ | — |
| | $ | 196.5 |
| | $ | — |
| | $ | 14.0 |
| | $ | — |
| | $ | (22.4 | ) | | $ | 188.1 |
| Accounts receivable, net | — |
| | — |
| | 1,375.9 |
| | 75.1 |
| | — |
| | — |
| | 1,451.0 |
| Merchandise inventory | — |
| | — |
| | 378.9 |
| | 3.1 |
| | — |
| | — |
| | 382.0 |
| Miscellaneous receivables | — |
| | 49.9 |
| | 91.0 |
| | 5.4 |
| | — |
| | — |
| | 146.3 |
| Prepaid expenses and other | — |
| | 10.7 |
| | 33.4 |
| | 5.1 |
| | — |
| | (3.1 | ) | | 46.1 |
| Total current assets | — |
| | 257.1 |
| | 1,879.2 |
| | 102.7 |
| | — |
| | (25.5 | ) | | 2,213.5 |
| Property and equipment, net | — |
| | 69.7 |
| | 59.6 |
| | 1.8 |
| | — |
| | — |
| | 131.1 |
| Goodwill | — |
| | 751.9 |
| | 1,439.0 |
| | 29.4 |
| | — |
| | — |
| | 2,220.3 |
| Other intangible assets, net | — |
| | 338.5 |
| | 982.8 |
| | 6.7 |
| | — |
| | — |
| | 1,328.0 |
| Deferred financing costs, net | — |
| | 30.1 |
| | — |
| | — |
| | — |
| | — |
| | 30.1 |
| Other assets | 4.9 |
| | 1.4 |
| | 0.1 |
| | 0.9 |
| | — |
| | (5.7 | ) | | 1.6 |
| Investment in and advances to subsidiaries | 706.8 |
| | 2,909.4 |
| | — |
| | — |
| | — |
| | (3,616.2 | ) | | — |
| Total assets | $ | 711.7 |
| | $ | 4,358.1 |
| | $ | 4,360.7 |
| | $ | 141.5 |
| | $ | — |
| | $ | (3,647.4 | ) | | $ | 5,924.6 |
| Liabilities and Shareholders' Equity | | | | | | | | | | | | | | Current liabilities: | | | | | | | | | | | | | | Accounts payable-trade | $ | — |
| | $ | 21.4 |
| | $ | 637.3 |
| | $ | 26.5 |
| | $ | — |
| | $ | (22.4 | ) | | $ | 662.8 |
| Accounts payable-inventory financing | — |
| | — |
| | 256.6 |
| | — |
| | — |
| | — |
| | 256.6 |
| Current maturities of long-term debt | — |
| | 45.4 |
| | — |
| | — |
| | — |
| | — |
| | 45.4 |
| Deferred revenue | — |
| | — |
| | 89.9 |
| | 4.9 |
| | — |
| | — |
| | 94.8 |
| Accrued expenses | — |
| | 163.5 |
| | 175.1 |
| | 7.5 |
| | — |
| | (3.1 | ) | | 343.0 |
| Total current liabilities | — |
| | 230.3 |
| | 1,158.9 |
| | 38.9 |
| | — |
| | (25.5 | ) | | 1,402.6 |
| Long-term liabilities: | | | | | | | | | | | | | | Debt | — |
| | 3,205.8 |
| | — |
| | — |
| | — |
| | — |
| | 3,205.8 |
| Deferred income taxes | — |
| | 178.3 |
| | 388.4 |
| | 1.6 |
| | — |
| | (4.8 | ) | | 563.5 |
| Other liabilities | — |
| | 36.9 |
| | 3.6 |
| | 1.4 |
| | — |
| | (0.9 | ) | | 41.0 |
| Total long-term liabilities | — |
| | 3,421.0 |
| | 392.0 |
| | 3.0 |
| | — |
| | (5.7 | ) | | 3,810.3 |
| Total shareholders’ equity | 711.7 |
| | 706.8 |
| | 2,809.8 |
| | 99.6 |
| | — |
| | (3,616.2 | ) | | 711.7 |
| Total liabilities and shareholders’ equity | $ | 711.7 |
| | $ | 4,358.1 |
| | $ | 4,360.7 |
| | $ | 141.5 |
| | $ | — |
| | $ | (3,647.4 | ) | | $ | 5,924.6 |
|
|
| Schedule of Condensed Income Statement [Table Text Block] |
Consolidating Statement of Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2014 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Net sales | $ | — |
| | $ | — |
| | $ | 11,542.3 |
| | $ | 532.2 |
| | $ | — |
| | $ | — |
| | $ | 12,074.5 |
| Cost of sales | — |
| | — |
| | 9,684.9 |
| | 468.3 |
| | — |
| | — |
| | 10,153.2 |
| Gross profit | — |
| | — |
| | 1,857.4 |
| | 63.9 |
| | — |
| | — |
| | 1,921.3 |
| Selling and administrative expenses | — |
| | 112.8 |
| | 962.3 |
| | 35.2 |
| | — |
| | — |
| | 1,110.3 |
| Advertising expense | — |
| | — |
| | 134.0 |
| | 4.0 |
| | — |
| | — |
| | 138.0 |
| (Loss) income from operations | — |
| | (112.8 | ) | | 761.1 |
| | 24.7 |
| | — |
| | — |
| | 673.0 |
| Interest (expense) income, net | — |
| | (197.7 | ) | | 0.1 |
| | 0.3 |
| | — |
| | — |
| | (197.3 | ) | Net loss on extinguishments of long-term debt | — |
| | (90.7 | ) | | — |
| | — |
| | — |
| | — |
| | (90.7 | ) | Management fee | — |
| | 3.9 |
| | — |
| | (3.9 | ) | | — |
| | — |
| | — |
| Other income, net | — |
| | 1.2 |
| | 1.5 |
| | — |
| | — |
| | — |
| | 2.7 |
| (Loss) income before income taxes | — |
| | (396.1 | ) | | 762.7 |
| | 21.1 |
| | — |
| | — |
| | 387.7 |
| Income tax benefit (expense) | — |
| | 141.0 |
| | (278.1 | ) | | (5.7 | ) | | — |
| | — |
| | (142.8 | ) | (Loss) income before equity in earnings of subsidiaries | — |
| | (255.1 | ) | | 484.6 |
| | 15.4 |
| | — |
| | — |
| | 244.9 |
| Equity in earnings of subsidiaries | 244.9 |
| | 500.0 |
| | — |
| | — |
| | — |
| | (744.9 | ) | | — |
| Net income | $ | 244.9 |
| | $ | 244.9 |
| | $ | 484.6 |
| | $ | 15.4 |
| | $ | — |
| | $ | (744.9 | ) | | $ | 244.9 |
|
Consolidating Statement of Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2013 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Net sales | $ | — |
| | $ | — |
| | $ | 10,293.3 |
| | $ | 475.3 |
| | $ | — |
| | $ | — |
| | $ | 10,768.6 |
| Cost of sales | — |
| | — |
| | 8,592.1 |
| | 416.2 |
| | — |
| | — |
| | 9,008.3 |
| Gross profit | — |
| | — |
| | 1,701.2 |
| | 59.1 |
| | — |
| | — |
| | 1,760.3 |
| Selling and administrative expenses | 24.4 |
| | 103.9 |
| | 957.3 |
| | 35.3 |
| | — |
| | — |
| | 1,120.9 |
| Advertising expense | — |
| | — |
| | 126.8 |
| | 4.0 |
| | — |
| | — |
| | 130.8 |
| (Loss) income from operations | (24.4 | ) | | (103.9 | ) | | 617.1 |
| | 19.8 |
| | — |
| | — |
| | 508.6 |
| Interest (expense) income, net | — |
| | (250.6 | ) | | 0.2 |
| | 0.3 |
| | — |
| | — |
| | (250.1 | ) | Net loss on extinguishments of long-term debt | — |
| | (64.0 | ) | | — |
| | — |
| | — |
| | — |
| | (64.0 | ) | Management fee | — |
| | 4.3 |
| | — |
| | (4.3 | ) | | — |
| | — |
| | — |
| Other (expense) income, net | — |
| | (0.5 | ) | | 1.2 |
| | 0.3 |
| | — |
| | — |
| | 1.0 |
| (Loss) income before income taxes | (24.4 | ) | | (414.7 | ) | | 618.5 |
| | 16.1 |
| | — |
| | — |
| | 195.5 |
| Income tax benefit (expense) | 9.2 |
| | 142.2 |
| | (209.5 | ) | | (4.6 | ) | | — |
| | — |
| | (62.7 | ) | (Loss) income before equity in earnings of subsidiaries | (15.2 | ) | | (272.5 | ) | | 409.0 |
| | 11.5 |
| | — |
| | — |
| | 132.8 |
| Equity in earnings of subsidiaries | 148.0 |
| | 420.5 |
| | — |
| | — |
| | — |
| | (568.5 | ) | | — |
| Net income | $ | 132.8 |
| | $ | 148.0 |
| | $ | 409.0 |
| | $ | 11.5 |
| | $ | — |
| | $ | (568.5 | ) | | $ | 132.8 |
|
Consolidating Statement of Operations | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2012 | (in millions) | Parent Guarantor | | Subsidiary Issuer | | Guarantor Subsidiaries | | Non-Guarantor Subsidiary | | Co-Issuer | | Consolidating Adjustments | | Consolidated | Net sales | $ | — |
| | $ | — |
| | $ | 9,683.0 |
| | $ | 445.2 |
| | $ | — |
| | $ | — |
| | $ | 10,128.2 |
| Cost of sales | — |
| | — |
| | 8,071.5 |
| | 387.1 |
| | — |
| | — |
| | 8,458.6 |
| Gross profit | — |
| | — |
| | 1,611.5 |
| | 58.1 |
| | — |
| | — |
| | 1,669.6 |
| Selling and administrative expenses | — |
| | 103.7 |
| | 891.6 |
| | 34.2 |
| | — |
| | — |
| | 1,029.5 |
| Advertising expense | — |
| | — |
| | 125.1 |
| | 4.4 |
| | — |
| | — |
| | 129.5 |
| (Loss) income from operations | — |
| | (103.7 | ) | | 594.8 |
| | 19.5 |
| | — |
| | — |
| | 510.6 |
| Interest (expense) income, net | — |
| | (308.0 | ) | | 0.4 |
| | 0.2 |
| | — |
| | — |
| | (307.4 | ) | Net loss on extinguishments of long-term debt | — |
| | (17.2 | ) | | — |
| | — |
| | — |
| | — |
| | (17.2 | ) | Management fee | — |
| | 3.8 |
| | — |
| | (3.8 | ) | | — |
| | — |
| | — |
| Other income (expense), net | — |
| | — |
| | 0.2 |
| | (0.1 | ) | | — |
| | — |
| | 0.1 |
| (Loss) income before income taxes | — |
| | (425.1 | ) | | 595.4 |
| | 15.8 |
| | — |
| | — |
| | 186.1 |
| Income tax benefit (expense) | — |
| | 210.6 |
| | (272.6 | ) | | (5.1 | ) | | — |
| | — |
| | (67.1 | ) | (Loss) income before equity in earnings of subsidiaries | — |
| | (214.5 | ) | | 322.8 |
| | 10.7 |
| | — |
| | — |
| | 119.0 |
| Equity in earnings of subsidiaries | 119.0 |
| | 333.5 |
| | — |
| | — |
| | — |
| | (452.5 | ) | | — |
| Net income | $ | 119.0 |
| | $ | 119.0 |
| | $ | 322.8 |
| | $ | 10.7 |
| | $ | — |
| | $ | (452.5 | ) | | $ | 119.0 |
|
|