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Financial Statements of Parent Company Guarantor (Tables) | 9 Months Ended
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Sep. 30, 2016
Schedule of Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) | Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three months ended September 30, 2016
In millions | Parent Company Guarantor | Subsidiary Guarantor | Subsidiary Issuer | Non-guarantor Subsidiaries | Eliminations | Consolidated Total
Net sales | $ | — |  | $ | — |  | $ | — |  | $ | 1,210.7 |  | $ | — |  | $ | 1,210.7 |
Cost of goods sold | — |  | — |  | — |  | 769.8 |  | — |  | 769.8 |
Gross profit | — |  | — |  | — |  | 440.9 |  | — |  | 440.9 |
Selling, general and administrative | — |  | — |  | 0.3 |  | 228.1 |  | — |  | 228.4 |
Research and development | — |  | — |  | — |  | 29.7 |  | — |  | 29.7 |
Operating income (loss) | — |  | — |  | (0.3 | ) | 183.1 |  | — |  | 182.8 |
Loss (earnings) from continuing operations of investment in subsidiaries | (117.5 | ) | (117.5 | ) | (145.6 | ) | — |  | 380.6 |  | — |
Other (income) expense: |  |  |  |  |  |
Equity income of unconsolidated subsidiaries | — |  | — |  | — |  | (1.2 | ) | — |  | (1.2 | )
Net interest expense | — |  | — |  | 27.8 |  | 6.5 |  | — |  | 34.3 |
Income (loss) from continuing operations before income taxes | 117.5 |  | 117.5 |  | 117.5 |  | 177.8 |  | (380.6 | ) | 149.7 |
Provision for income taxes | — |  | — |  | — |  | 32.2 |  | — |  | 32.2 |
Net income (loss) from continuing operations | 117.5 |  | 117.5 |  | 117.5 |  | 145.6 |  | (380.6 | ) | 117.5 |
Income from discontinued operations, net of tax | — |  | — |  | — |  | 22.9 |  | — |  | 22.9 |
Gain from sale of discontinued operations, net of tax | — |  | — |  | — |  | 0.6 |  | — |  | 0.6 |
Earnings (loss) from discontinued operations of investment in subsidiaries | 23.5 |  | 23.5 |  | 23.5 |  | — |  | (70.5 | ) | — |
Net income (loss) | $ | 141.0 |  | $ | 141.0 |  | $ | 141.0 |  | $ | 169.1 |  | $ | (451.1 | ) | $ | 141.0 |
Comprehensive income (loss), net of tax |  |  |  |  |  |
Net income (loss) | $ | 141.0 |  | $ | 141.0 |  | $ | 141.0 |  | $ | 169.1 |  | $ | (451.1 | ) | $ | 141.0 |
Changes in cumulative translation adjustment | 34.9 |  | 34.9 |  | 34.9 |  | 34.9 |  | (104.7 | ) | 34.9 |
Changes in market value of derivative financial instruments, net of tax | (4.8 | ) | (4.8 | ) | (4.8 | ) | (4.8 | ) | 14.4 |  | (4.8 | )
Comprehensive income (loss) | $ | 171.1 |  | $ | 171.1 |  | $ | 171.1 |  | $ | 199.2 |  | $ | (541.4 | ) | $ | 171.1 |
ondensed Consolidating Statement of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2016
In millions | Parent Company Guarantor | Subsidiary Guarantor | Subsidiary Issuer | Non-guarantor Subsidiaries | Eliminations | Consolidated Total
Net sales | $ | — |  | $ | — |  | $ | — |  | $ | 3,701.9 |  | $ | — |  | $ | 3,701.9 |
Cost of goods sold | — |  | — |  | — |  | 2,347.9 |  | — |  | 2,347.9 |
Gross profit | — |  | — |  | — |  | 1,354.0 |  | — |  | 1,354.0 |
Selling, general and administrative | 1.7 |  | — |  | 1.3 |  | 725.2 |  | — |  | 728.2 |
Research and development | — |  | — |  | — |  | 86.9 |  | — |  | 86.9 |
Operating income (loss) | (1.7 | ) | — |  | (1.3 | ) | 541.9 |  | — |  | 538.9 |
Loss (earnings) from continuing operations of investment in subsidiaries | (343.6 | ) | (343.6 | ) | (428.8 | ) | — |  | 1,116.0 |  | — |
Other (income) expense: |  |  |  |  |  |
Equity income of unconsolidated subsidiaries | — |  | — |  | — |  | (2.7 | ) | — |  | (2.7 | )
Net interest expense | — |  | — |  | 83.9 |  | 22.0 |  | — |  | 105.9 |
Income (loss) from continuing operations before income taxes | 341.9 |  | 343.6 |  | 343.6 |  | 522.6 |  | (1,116.0 | ) | 435.7 |
Provision (benefit) for income taxes | (0.1 | ) | — |  | — |  | 93.8 |  | — |  | 93.7 |
Net income (loss) from continuing operations | 342.0 |  | 343.6 |  | 343.6 |  | 428.8 |  | (1,116.0 | ) | 342.0 |
Income from discontinued operations, net of tax | — |  | — |  | — |  | 48.6 |  | — |  | 48.6 |
Gain from sale of discontinued operations, net of tax | — |  | — |  | — |  | 0.6 |  | — |  | 0.6 |
Earnings (loss) from discontinued operations of investment in subsidiaries | 49.2 |  | 49.2 |  | 49.2 |  | — |  | (147.6 | ) | — |
Net income (loss) | $ | 391.2 |  | $ | 392.8 |  | $ | 392.8 |  | $ | 478.0 |  | $ | (1,263.6 | ) | $ | 391.2 |
Comprehensive income (loss), net of tax |  |  |  |  |  |
Net income (loss) | $ | 391.2 |  | $ | 392.8 |  | $ | 392.8 |  | $ | 478.0 |  | $ | (1,263.6 | ) | $ | 391.2 |
Changes in cumulative translation adjustment | 37.1 |  | 37.1 |  | 37.1 |  | 37.1 |  | (111.3 | ) | 37.1 |
Changes in market value of derivative financial instruments, net of tax | (8.6 | ) | (8.6 | ) | (8.6 | ) | (8.6 | ) | 25.8 |  | (8.6 | )
Comprehensive income (loss) | $ | 419.7 |  | $ | 421.3 |  | $ | 421.3 |  | $ | 506.5 |  | $ | (1,349.1 | ) | $ | 419.7 |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three months ended September 26, 2015
In millions | Parent Company Guarantor | Subsidiary Guarantor | Subsidiary Issuer | Non-guarantor Subsidiaries | Eliminations | Consolidated Total
Net sales | $ | — |  | $ | — |  | $ | — |  | $ | 1,112.8 |  | $ | — |  | $ | 1,112.8 |
Cost of goods sold | — |  | — |  | — |  | 718.1 |  | — |  | 718.1 |
Gross profit | — |  | — |  | — |  | 394.7 |  | — |  | 394.7 |
Selling, general and administrative | 17.7 |  | 0.1 |  | 1.7 |  | 197.5 |  | — |  | 217.0 |
Research and development | — |  | — |  | — |  | 24.8 |  | — |  | 24.8 |
Operating income (loss) | (17.7 | ) | (0.1 | ) | (1.7 | ) | 172.4 |  | — |  | 152.9 |
Loss (earnings) from continuing operations of investment in subsidiaries | (112.4 | ) | (112.5 | ) | (127.8 | ) | — |  | 352.7 |  | — |
Other (income) expense: |  |  |  |  |  |
Equity income of unconsolidated subsidiaries | — |  | — |  | — |  | (0.2 | ) | — |  | (0.2 | )
Net interest expense | — |  | — |  | 18.0 |  | 12.9 |  | — |  | 30.9 |
Income (loss) from continuing operations before income taxes | 94.7 |  | 112.4 |  | 108.1 |  | 159.7 |  | (352.7 | ) | 122.2 |
Provision for income taxes | — |  | — |  | — |  | 27.5 |  | — |  | 27.5 |
Net income (loss) from continuing operations | 94.7 |  | 112.4 |  | 108.1 |  | 132.2 |  | (352.7 | ) | 94.7 |
Income from discontinued operations, net of tax | — |  | — |  | — |  | 20.5 |  | — |  | 20.5 |
Earnings (loss) from discontinued operations of investment in subsidiaries | 20.5 |  | 20.5 |  | 20.5 |  | — |  | (61.5 | ) | — |
Net income (loss) | $ | 115.2 |  | $ | 132.9 |  | $ | 128.6 |  | $ | 152.7 |  | $ | (414.2 | ) | $ | 115.2 |
Comprehensive income (loss), net of tax |  |  |  |  |  |
Net income (loss) | $ | 115.2 |  | $ | 132.9 |  | $ | 128.6 |  | $ | 152.7 |  | $ | (414.2 | ) | $ | 115.2 |
Changes in cumulative translation adjustment | (85.8 | ) | (85.8 | ) | (85.8 | ) | (85.8 | ) | 257.4 |  | (85.8 | )
Changes in market value of derivative financial instruments, net of tax | (0.7 | ) | (0.7 | ) | (0.7 | ) | (0.7 | ) | 2.1 |  | (0.7 | )
Comprehensive income (loss) | $ | 28.7 |  | $ | 46.4 |  | $ | 42.1 |  | $ | 66.2 |  | $ | (154.7 | ) | $ | 28.7 |
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Nine months ended September 26, 2015
In millions | Parent Company Guarantor | Subsidiary Guarantor | Subsidiary Issuer | Non-guarantor Subsidiaries | Eliminations | Consolidated Total
Net sales | $ | — |  | $ | — |  | $ | — |  | $ | 3,327.4 |  | $ | — |  | $ | 3,327.4 |
Cost of goods sold | — |  | — |  | — |  | 2,161.1 |  | — |  | 2,161.1 |
Gross profit | — |  | — |  | — |  | 1,166.3 |  | — |  | 1,166.3 |
Selling, general and administrative | 30.4 |  | 0.2 |  | 3.8 |  | 615.2 |  | — |  | 649.6 |
Research and development | — |  | — |  | — |  | 72.3 |  | — |  | 72.3 |
Operating income (loss) | (30.4 | ) | (0.2 | ) | (3.8 | ) | 478.8 |  | — |  | 444.4 |
Loss (earnings) from continuing operations of investment in subsidiaries | (322.8 | ) | (324.3 | ) | (334.4 | ) | — |  | 981.5 |  | — |
Other (income) expense: |  |  |  |  |  |
Equity income of unconsolidated subsidiaries | — |  | — |  | — |  | (1.3 | ) | — |  | (1.3 | )
Net interest expense | — |  | 1.3 |  | 21.8 |  | 44.4 |  | — |  | 67.5 |
Income (loss) from continuing operations before income taxes | 292.4 |  | 322.8 |  | 308.8 |  | 435.7 |  | (981.5 | ) | 378.2 |
Provision (benefit) for income taxes | (0.7 | ) | — |  | — |  | 85.8 |  | — |  | 85.1 |
Net income (loss) from continuing operations | 293.1 |  | 322.8 |  | 308.8 |  | 349.9 |  | (981.5 | ) | 293.1 |
Income from discontinued operations, net of tax | — |  | — |  | — |  | 88.6 |  | — |  | 88.6 |
Loss from sale of discontinued operations, net of tax | — |  | — |  | — |  | (4.8 | ) | — |  | (4.8 | )
Earnings (loss) from discontinued operations of investment in subsidiaries | 83.8 |  | 83.8 |  | 83.8 |  | — |  | (251.4 | ) | — |
Net income (loss) | $ | 376.9 |  | $ | 406.6 |  | $ | 392.6 |  | $ | 433.7 |  | $ | (1,232.9 | ) | $ | 376.9 |
Comprehensive income (loss), net of tax |  |  |  |  |  |
Net income (loss) | $ | 376.9 |  | $ | 406.6 |  | $ | 392.6 |  | $ | 433.7 |  | $ | (1,232.9 | ) | $ | 376.9 |
Changes in cumulative translation adjustment | (238.4 | ) | (238.4 | ) | (238.4 | ) | (238.4 | ) | 715.2 |  | (238.4 | )
Changes in market value of derivative financial instruments, net of tax | (1.6 | ) | (1.6 | ) | (1.6 | ) | (1.6 | ) | 4.8 |  | (1.6 | )
Comprehensive income (loss) | $ | 136.9 |  | $ | 166.6 |  | $ | 152.6 |  | $ | 193.7 |  | $ | (512.9 | ) | $ | 136.9 |
Schedule of Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet September 30, 2016
In millions | Parent Company Guarantor | Subsidiary Guarantor | Subsidiary Issuer | Non-guarantor Subsidiaries | Eliminations | Consolidated Total
Assets
Current assets |  |  |  |  |  |
Cash and cash equivalents | $ | — |  | $ | — |  | $ | — |  | $ | 170.9 |  | $ | — |  | $ | 170.9 |
Accounts and notes receivable, net | — |  | — |  | — |  | 689.5 |  | — |  | 689.5 |
Inventories | — |  | — |  | — |  | 556.2 |  | — |  | 556.2 |
Other current assets | 10.6 |  | 6.4 |  | 9.3 |  | 293.0 |  | (31.6 | ) | 287.7 |
Current assets held for sale | — |  | — |  | — |  | 1,042.7 |  | — |  | 1,042.7 |
Total current assets | 10.6 |  | 6.4 |  | 9.3 |  | 2,752.3 |  | (31.6 | ) | 2,747.0 |
Property, plant and equipment, net | — |  | — |  | — |  | 547.3 |  | — |  | 547.3 |
Other assets |  |  |  |  |  |
Investments in subsidiaries | 4,430.4 |  | 4,414.5 |  | 9,204.6 |  | — |  | (18,049.5 | ) | — |
Goodwill | — |  | — |  | — |  | 4,251.7 |  | — |  | 4,251.7 |
Intangibles, net | — |  | — |  | — |  | 1,683.0 |  | — |  | 1,683.0 |
Other non-current assets | 6.3 |  | 10.8 |  | 608.6 |  | 1,258.6 |  | (1,722.1 | ) | 162.2 |
Non-current assets held for sale | — |  | — |  | — |  | 2,287.8 |  | — |  | 2,287.8 |
Total other assets | 4,436.7 |  | 4,425.3 |  | 9,813.2 |  | 9,481.1 |  | (19,771.6 | ) | 8,384.7 |
Total assets | $ | 4,447.3 |  | $ | 4,431.7 |  | $ | 9,822.5 |  | $ | 12,780.7 |  | $ | (19,803.2 | ) | $ | 11,679.0 |
Liabilities and Equity
Current liabilities |  |  |  |  |  |
Accounts payable | $ | — |  | $ | — |  | $ | — |  | $ | 348.2 |  | $ | — |  | $ | 348.2 |
Employee compensation and benefits | 0.8 |  | — |  | — |  | 158.5 |  | — |  | 159.3 |
Other current liabilities | 11.6 |  | 1.3 |  | 16.6 |  | 418.8 |  | (31.6 | ) | 416.7 |
Current liabilities held for sale | — |  | — |  | — |  | 363.9 |  | — |  | 363.9 |
Total current liabilities | 12.4 |  | 1.3 |  | 16.6 |  | 1,289.4 |  | (31.6 | ) | 1,288.1 |
Other liabilities |  |  |  |  |  |
Long-term debt | 79.6 |  | — |  | 5,388.1 |  | 665.7 |  | (1,722.1 | ) | 4,411.3 |
Pension and other post-retirement compensation and benefits | — |  | — |  | — |  | 248.5 |  | — |  | 248.5 |
Deferred tax liabilities | — |  | — |  | 3.0 |  | 633.4 |  | — |  | 636.4 |
Other non-current liabilities | — |  | — |  | — |  | 199.5 |  | — |  | 199.5 |
Non-current liabilities held for sale | — |  | — |  | — |  | 539.9 |  | — |  | 539.9 |
Total liabilities | 92.0 |  | 1.3 |  | 5,407.7 |  | 3,576.4 |  | (1,753.7 | ) | 7,323.7 |
Equity | 4,355.3 |  | 4,430.4 |  | 4,414.8 |  | 9,204.3 |  | (18,049.5 | ) | 4,355.3 |
Total liabilities and equity | $ | 4,447.3 |  | $ | 4,431.7 |  | $ | 9,822.5 |  | $ | 12,780.7 |  | $ | (19,803.2 | ) | $ | 11,679.0 |
Condensed Consolidating Balance Sheet December 31, 2015
In millions | Parent Company Guarantor | Subsidiary Guarantor | Subsidiary Issuer | Non-guarantor Subsidiaries | Eliminations | Consolidated Total
Assets
Current assets |  |  |  |  |  |
Cash and cash equivalents | $ | — |  | $ | — |  | $ | 0.1 |  | $ | 126.2 |  | $ | — |  | $ | 126.3 |
Accounts and notes receivable, net | 0.1 |  | — |  | — |  | 773.1 |  | — |  | 773.2 |
Inventories | — |  | — |  | — |  | 564.7 |  | — |  | 564.7 |
Other current assets | 25.2 |  | 12.8 |  | — |  | 219.9 |  | (37.9 | ) | 220.0 |
Current assets held for sale | — |  | — |  | — |  | 1,093.4 |  | — |  | 1,093.4 |
Total current assets | 25.3 |  | 12.8 |  | 0.1 |  | 2,777.3 |  | (37.9 | ) | 2,777.6 |
Property, plant and equipment, net | — |  | — |  | — |  | 539.8 |  | — |  | 539.8 |
Other assets |  |  |  |  |  |
Investments in subsidiaries | 4,495.6 |  | 4,486.1 |  | 10,151.1 |  | — |  | (19,132.8 | ) | — |
Goodwill | — |  | — |  | — |  | 4,259.0 |  | — |  | 4,259.0 |
Intangibles, net | — |  | — |  | — |  | 1,747.4 |  | — |  | 1,747.4 |
Other non-current assets | 12.6 |  | — |  | 190.1 |  | 145.6 |  | (187.2 | ) | 161.1 |
Non-current assets held for sale | — |  | — |  | — |  | 2,348.6 |  | — |  | 2,348.6 |
Total other assets | 4,508.2 |  | 4,486.1 |  | 10,341.2 |  | 8,500.6 |  | (19,320.0 | ) | 8,516.1 |
Total assets | $ | 4,533.5 |  | $ | 4,498.9 |  | $ | 10,341.3 |  | $ | 11,817.7 |  | $ | (19,357.9 | ) | $ | 11,833.5 |
Liabilities and Equity
Current liabilities |  |  |  |  |  |
Accounts payable | 0.6 |  | — |  | 0.3 |  | 402.9 |  | — |  | 403.8 |
Employee compensation and benefits | 0.4 |  | 0.1 |  | — |  | 162.1 |  | — |  | 162.6 |
Other current liabilities | 61.7 |  | 1.5 |  | 27.1 |  | 434.7 |  | (37.9 | ) | 487.1 |
Current liabilities held for sale | — |  | — |  | — |  | 433.0 |  | — |  | 433.0 |
Total current liabilities | 62.7 |  | 1.6 |  | 27.4 |  | 1,432.7 |  | (37.9 | ) | 1,486.5 |
Other liabilities |  |  |  |  |  |
Long-term debt | 453.3 |  | 1.7 |  | 4,535.5 |  | (117.5 | ) | (187.2 | ) | 4,685.8 |
Pension and other post-retirement compensation and benefits | — |  | — |  | — |  | 244.6 |  | — |  | 244.6 |
Deferred tax liabilities | — |  | — |  | 3.1 |  | 667.1 |  | — |  | 670.2 |
Other non-current liabilities | 8.7 |  | — |  | — |  | 183.7 |  | — |  | 192.4 |
Non-current liabilities held for sale | — |  | — |  | — |  | 545.2 |  | — |  | 545.2 |
Total liabilities | 524.7 |  | 3.3 |  | 4,566.0 |  | 2,955.8 |  | (225.1 | ) | 7,824.7 |
Equity | 4,008.8 |  | 4,495.6 |  | 5,775.3 |  | 8,861.9 |  | (19,132.8 | ) | 4,008.8 |
Total liabilities and equity | $ | 4,533.5 |  | $ | 4,498.9 |  | $ | 10,341.3 |  | $ | 11,817.7 |  | $ | (19,357.9 | ) | $ | 11,833.5 |
Schedule of Condensed Consolidating Statement of Cash Flows | Condensed Consolidating Statement of Cash Flows Nine months ended September 30, 2016
In millions | Parent Company Guarantor | Subsidiary Guarantor | Subsidiary Issuer | Non-guarantor Subsidiaries | Eliminations | Consolidated Total
Operating activities |  |  |  |  |  |
Net cash provided by (used for) operating activities | $ | 364.1 |  | $ | 327.7 |  | $ | 327.1 |  | $ | 653.9 |  | $ | (1,116.0 | ) | $ | 556.8 |
Investing activities |  |  |  |  |  |
Capital expenditures | — |  | — |  | — |  | (94.5 | ) | — |  | (94.5 | )
Proceeds from sale of property and equipment | — |  | — |  | — |  | 24.1 |  | — |  | 24.1 |
Net intercompany loan activity | — |  | — |  | 497.9 |  | (193.9 | ) | (304.0 | ) | — |
Other | — |  | — |  | — |  | (3.8 | ) | — |  | (3.8 | )
Net cash provided by (used for) investing activities of continuing operations | — |  | — |  | 497.9 |  | (268.1 | ) | (304.0 | ) | (74.2 | )
Net cash provided by (used for) investing activities of discontinued operations | — |  | — |  | — |  | (4.3 | ) | — |  | (4.3 | )
Net cash provided by (used for) investing activities | — |  | — |  | 497.9 |  | (272.4 | ) | (304.0 | ) | (78.5 | )
Financing activities |  |  |  |  |  |
Net receipts (repayments) of commercial paper and revolving long-term debt | — |  | — |  | (280.2 | ) | (10.9 | ) | — |  | (291.1 | )
Repayments of long-term debt | — |  | — |  | — |  | (0.7 | ) | — |  | (0.7 | )
Net change in advances to subsidiaries | (202.6 | ) | (327.7 | ) | (557.1 | ) | (332.6 | ) | 1,420.0 |  | — |
Excess tax benefits from share-based compensation | — |  | — |  | — |  | 8.8 |  | — |  | 8.8 |
Shares issued to employees, net of shares withheld | 20.1 |  | — |  | — |  | — |  | — |  | 20.1 |
Dividends paid | (181.6 | ) | — |  | — |  | — |  | — |  | (181.6 | )
Net cash provided by (used for) financing activities | (364.1 | ) | (327.7 | ) | (837.3 | ) | (335.4 | ) | 1,420.0 |  | (444.5 | )
Effect of exchange rate changes on cash and cash equivalents | — |  | — |  | 12.2 |  | (1.4 | ) | — |  | 10.8 |
Change in cash and cash equivalents | — |  | — |  | (0.1 | ) | 44.7 |  | — |  | 44.6 |
Cash and cash equivalents, beginning of period | — |  | — |  | 0.1 |  | 126.2 |  | — |  | 126.3 |
Cash and cash equivalents, end of period | $ | — |  | $ | — |  | $ | — |  | $ | 170.9 |  | $ | — |  | $ | 170.9 |
Condensed Consolidating Statement of Cash Flows Nine months ended September 26, 2015
In millions | Parent Company Guarantor | Subsidiary Guarantor | Subsidiary Issuer | Non-guarantor Subsidiaries | Eliminations | Consolidated Total
Operating activities |  |  |  |  |  |
Net cash provided by (used for) operating activities | $ | 421.3 |  | $ | 393.3 |  | $ | 406.1 |  | $ | 408.1 |  | $ | (1,232.9 | ) | $ | 395.9 |
Investing activities |  |  |  |  |  |
Capital expenditures | — |  | — |  | — |  | (66.3 | ) | — |  | (66.3 | )
Proceeds from sale of property and equipment | — |  | — |  | — |  | 3.6 |  | — |  | 3.6 |
Acquisitions, net of cash acquired | — |  | — |  | — |  | (1,913.0 | ) | — |  | (1,913.0 | )
Net intercompany loan activity | — |  | — |  | 1,657.8 |  | (149.8 | ) | (1,508.0 | ) | — |
Other | — |  | — |  | — |  | — |  | — |  | — |
Net cash provided by (used for) investing activities of continuing operations | — |  | — |  | 1,657.8 |  | (2,125.5 | ) | (1,508.0 | ) | (1,975.7 | )
Net cash provided by (used for) investing activities of discontinued operations | — |  | — |  | — |  | 45.1 |  | — |  | 45.1 |
Net cash provided by (used for) investing activities | — |  | — |  | 1,657.8 |  | (2,080.4 | ) | (1,508.0 | ) | (1,930.6 | )
Financing activities |  |  |  |  |  |
Net receipts of short-term borrowings | — |  | — |  | — |  | (2.0 | ) | — |  | (2.0 | )
Net receipts (repayments) of commercial paper and revolving long-term debt | — |  | — |  | 274.9 |  | 1.6 |  | — |  | 276.5 |
Proceeds from long-term debt | — |  | — |  | 1,714.8 |  | — |  | — |  | 1,714.8 |
Repayments of long-term debt | — |  | — |  | — |  | (4.6 | ) | — |  | (4.6 | )
Debt issuance costs | — |  | — |  | (26.8 | ) | — |  | — |  | (26.8 | )
Net change in advances to subsidiaries | (48.0 | ) | (393.3 | ) | (4,021.2 | ) | 1,721.6 |  | 2,740.9 |  | — |
Excess tax benefits from share-based compensation | — |  | — |  | — |  | 6.0 |  | — |  | 6.0 |
Shares issued to employees, net of shares withheld | — |  | — |  | — |  | 21.9 |  | — |  | 21.9 |
Repurchases of ordinary shares | (200.0 | ) | — |  | — |  | — |  | — |  | (200.0 | )
Dividends paid | (173.3 | ) | — |  | — |  | — |  | — |  | (173.3 | )
Net cash provided by (used for) financing activities | (421.3 | ) | (393.3 | ) | (2,058.3 | ) | 1,744.5 |  | 2,740.9 |  | 1,612.5 |
Effect of exchange rate changes on cash and cash equivalents | — |  | — |  | (5.5 | ) | (37.8 | ) | — |  | (43.3 | )
Change in cash and cash equivalents | — |  | — |  | 0.1 |  | 34.4 |  | — |  | 34.5 |
Cash and cash equivalents, beginning of period | — |  | — |  | 0.1 |  | 110.3 |  | — |  | 110.4 |
Cash and cash equivalents, end of period | $ | — |  | $ | — |  | $ | 0.2 |  | $ | 144.7 |  | $ | — |  | $ | 144.9 |

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