XML 44 R59.htm IDEA: XBRL DOCUMENT v2.4.0.8
Guarantor/Non-Guarantor Financial Information (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]          
Ownership percentage by parent (in hundredths) 100.00%   100.00%    
Supplemental condensed consolidated statements of comprehensive income [Abstract]          
Net sales $ 827.4 $ 735.5 $ 2,244.3 $ 1,786.2  
Cost of sales 508.9 436.8 1,388.0 1,044.2  
Gross profit 318.5 298.7 856.3 742.0  
Selling and marketing expenses 166.8 150.9 465.0 377.1  
General, administrative and other 70.8 71.9 210.6 206.9  
Equity income in earnings of unconsolidated affiliates (1.8) (1.2) (5.6) (2.5)  
Royalty income, net of royalty expense (4.4) (4.1) (13.5) (9.2)  
Operating (loss) income 87.1 81.2 199.8 169.7  
Other expense, net:          
Interest expense, net 25.3 24.6 70.5 88.2  
Loss on disposal of business 2.8 0 23.2 0  
Other (income), net (0.9) 0.9 (0.4) 4.0  
Total other expense 27.2 25.5 93.3 92.2  
Income before income taxes 59.9 55.7 106.5 77.5  
Income tax benefit (provision) (22.4) (15.5) (43.7) (26.9)  
Net income before non-controlling interest 37.5 40.2 62.8 50.6  
Less: Net income (loss) attributable to non-controlling interest 0.4 0 0.5 (0.5)  
Net income attributable to Tempur Sealy International, Inc. 37.1 40.2 62.3 51.1  
Comprehensive income attributable to Tempur Sealy International, Inc. 14.9 49.6 44.1 43.4  
Current Assets:          
Cash and cash equivalents 81.8 126.6 81.8 126.6  
Accounts receivable, net 402.4   402.4   349.2
Inventories 207.3   207.3   199.2
Prepaid expenses and other current assets 53.1   53.1   53.7
Deferred income taxes 47.2   47.2   44.4
Total Current Assets 791.8   791.8   727.5
Property, plant and equipment, net 358.1   358.1   411.6
Goodwill 738.4   738.4   759.6
Other intangible assets, net 736.2   736.2   750.1
Deferred tax asset 10.6   10.6   10.9
Other non-current assets 64.6   64.6   70.2
Total Assets 2,699.7   2,699.7   2,729.9
Current Liabilities:          
Accounts payable 249.3   249.3   191.2
Accrued expenses and other current liabilities 233.5   233.5   208.4
Deferred income taxes 0.8   0.8   0.8
Income taxes payable 19.1   19.1   1.5
Current portion of long-term debt 60.2   60.2   39.6
Total Current Liabilities 562.9   562.9   441.5
Long-term debt 1,586.6   1,586.6   1,796.9
Deferred income taxes 261.9   261.9   286.1
Other non-current liabilities 102.7   102.7   75.3
Total Liabilities 2,514.1   2,514.1   2,599.8
Total Stockholders’ Equity 173.6   173.6   118.6
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity 2,699.7   2,699.7   2,729.9
Supplemental condensed consolidated statements of cash flows [Abstract]          
Net cash (used in) provided by operating activities     180.9 104.8  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition of businesses, net of cash acquired     (8.5) (1,172.9)  
Proceeds from disposition of business     43.5 0  
Purchases of property, plant and equipment     (30.3) (28.4)  
Other     2.0 0.9  
Net cash provided by (used in) investing activities     6.7 (1,200.4)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from 2012 Credit Agreement     239.5 2,917.6  
Repayments of 2012 Credit Agreement     (432.7) (1,559.1)  
Proceeds from issuance of Senior Notes     0 375.0  
Proceeds from 2011 Credit Agreement     0 46.5  
Repayments of 2011 Credit Agreement     0 (696.5)  
Proceeds from exercise of stock options     3.9 6.0  
Excess tax benefit from stock based compensation     1.6 3.7  
Treasury shares repurchased     (2.2) 0  
Payments of deferred financing costs     0 (52.0)  
Other     0.4 (0.7)  
Net cash (used in) provided by financing activities     (189.5) 1,040.5  
Net effect of exchange rate changes on cash and cash equivalents     2.7 2.4  
Increase (decrease) in cash and cash equivalents     0.8 (52.7)  
CASH AND CASH EQUIVALENTS, beginning of period     81.0 179.3  
CASH AND CASH EQUIVALENTS, end of period 81.8 126.6 81.8 126.6  
Tempur-Sealy International, Inc. (Ultimate Parent) [Member]
         
Supplemental condensed consolidated statements of comprehensive income [Abstract]          
Net sales 0 0 0 0  
Cost of sales 0 0 0 0  
Gross profit 0 0 0 0  
Selling and marketing expenses 0.8 0.7 1.7 2.1  
General, administrative and other 3.8 5.5 9.5 13.7  
Equity income in earnings of unconsolidated affiliates 0 0 0 0  
Royalty income, net of royalty expense 0 0 0 0  
Operating (loss) income (4.6) (6.2) (11.2) (15.8)  
Other expense, net:          
Third party interest expense, net 6.7 14.7 20.2 45.4  
Intercompany interest expense (income), net 8.2 0 24.4 0  
Interest expense, net 14.9 14.7 44.6 45.4  
Loss on disposal of business 0   0    
Other (income), net 0 0 0 0  
Total other expense 14.9 14.7 44.6 45.4  
Income from equity investees 50.0 52.8 99.2 91.3  
Income before income taxes 30.5 31.9 43.4 30.1  
Income tax benefit (provision) 7.0 8.3 19.4 20.5  
Net income before non-controlling interest 37.5 40.2 62.8 50.6  
Less: Net income (loss) attributable to non-controlling interest 0.4 0 0.5 (0.5)  
Net income attributable to Tempur Sealy International, Inc. 37.1 40.2 62.3 51.1  
Comprehensive income attributable to Tempur Sealy International, Inc. 14.5 49.6 43.6 43.9  
Current Assets:          
Cash and cash equivalents 0.3 0 0.3 0  
Accounts receivable, net 0   0   0
Inventories 0   0   0
Income taxes receivable 138.6   138.6   118.4
Prepaid expenses and other current assets 0.4   0.4   0
Deferred income taxes 10.9   10.9   10.0
Total Current Assets 150.2   150.2   128.4
Property, plant and equipment, net 0   0   0
Goodwill 0   0   0
Other intangible assets, net 0   0   0
Deferred tax asset 0   0   0
Other non-current assets 6.7   6.7   7.6
Net investment in subsidiaries 1,776.6   1,776.6   756.0
Due from affiliates 63.8   63.8   1,299.9
Total Assets 1,997.3   1,997.3   2,191.9
Current Liabilities:          
Accounts payable 0   0   0
Accrued expenses and other current liabilities 7.8   7.8   1.4
Deferred income taxes 0   0   0
Income taxes payable 0   0   0
Current portion of long-term debt 0   0   0
Total Current Liabilities 7.8   7.8   1.4
Long-term debt 375.0   375.0   375.0
Deferred income taxes 0   0   0
Other non-current liabilities 0   0   0
Due to affiliates 1,428.9   1,428.9   1,685.4
Total Liabilities 1,811.7   1,811.7   2,061.8
Redeemable non-controlling interest 12.0   12.0   11.5
Total Stockholders’ Equity 173.6   173.6   118.6
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity 1,997.3   1,997.3   2,191.9
Supplemental condensed consolidated statements of cash flows [Abstract]          
Net cash (used in) provided by operating activities     (41.1) (44.4)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition of businesses, net of cash acquired     0 0  
Proceeds from disposition of business     0 0  
Purchases of property, plant and equipment     0 0  
Other     0 0  
Net cash provided by (used in) investing activities     0 0  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from 2012 Credit Agreement     0 0  
Repayments of 2012 Credit Agreement     0 0  
Proceeds from issuance of Senior Notes     0 375.0  
Proceeds from 2011 Credit Agreement       0  
Repayments of 2011 Credit Agreement       0  
Net activity in investment in and advances from (to) subsidiaries and affiliates     38.1 (797.1)  
Proceeds from exercise of stock options     3.9 6.0  
Excess tax benefit from stock based compensation     1.6 3.7  
Treasury shares repurchased     (2.2) 465.2  
Payments of deferred financing costs     0 (8.4)  
Other     0 0  
Net cash (used in) provided by financing activities     41.4 44.4  
Net effect of exchange rate changes on cash and cash equivalents     0 0  
Increase (decrease) in cash and cash equivalents     0.3 0  
CASH AND CASH EQUIVALENTS, beginning of period     0 0  
CASH AND CASH EQUIVALENTS, end of period 0.3 0 0.3 0  
Combined Guarantor Subsidiaries [Member]
         
Supplemental condensed consolidated statements of comprehensive income [Abstract]          
Net sales 639.3 543.0 1,684.1 1,281.8  
Cost of sales 414.7 339.1 1,112.6 805.7  
Gross profit 224.6 203.9 571.5 476.1  
Selling and marketing expenses 121.1 111.6 326.5 264.3  
General, administrative and other 49.5 45.8 148.6 137.9  
Equity income in earnings of unconsolidated affiliates 0 0 0 0  
Royalty income, net of royalty expense (4.4) (4.1) (13.5) (9.2)  
Operating (loss) income 58.4 50.6 109.9 83.1  
Other expense, net:          
Third party interest expense, net 17.9 8.9 48.6 40.6  
Intercompany interest expense (income), net (8.7) 0 (25.9) 0  
Interest expense, net 9.2 8.9 22.7 40.6  
Loss on disposal of business 2.8   23.2    
Other (income), net (0.7) 0 (1.6) (0.3)  
Total other expense 11.3 8.9 44.3 40.3  
Income from equity investees 25.3 25.3 74.8 71.6  
Income before income taxes 72.4 67.0 140.4 114.4  
Income tax benefit (provision) (22.4) (14.2) (41.2) (23.1)  
Net income before non-controlling interest 50.0 52.8 99.2 91.3  
Less: Net income (loss) attributable to non-controlling interest 0.4 0 0.5 (0.5)  
Net income attributable to Tempur Sealy International, Inc. 49.6 52.8 98.7 91.8  
Comprehensive income attributable to Tempur Sealy International, Inc. 47.3 52.8 98.8 92.4  
Current Assets:          
Cash and cash equivalents 40.7 61.9 40.7 61.9  
Accounts receivable, net 250.7   250.7   192.6
Inventories 147.5   147.5   147.5
Income taxes receivable 0   0   0
Prepaid expenses and other current assets 23.0   23.0   26.3
Deferred income taxes 31.5   31.5   29.3
Total Current Assets 493.4   493.4   426.6
Property, plant and equipment, net 288.4   288.4   335.9
Goodwill 557.2   557.2   577.2
Other intangible assets, net 615.4   615.4   624.6
Deferred tax asset 0   0   0
Other non-current assets 37.6   37.6   47.0
Net investment in subsidiaries 0   0   0
Due from affiliates 2,232.7   2,232.7   2,306.5
Total Assets 4,224.7   4,224.7   4,317.8
Current Liabilities:          
Accounts payable 198.9   198.9   140.5
Accrued expenses and other current liabilities 160.4   160.4   144.2
Deferred income taxes 0   0   0
Income taxes payable 150.8   150.8   115.2
Current portion of long-term debt 56.4   56.4   36.6
Total Current Liabilities 566.5   566.5   436.5
Long-term debt 1,211.6   1,211.6   1,421.9
Deferred income taxes 230.6   230.6   252.8
Other non-current liabilities 94.2   94.2   69.1
Due to affiliates 345.3   345.3   1,381.5
Total Liabilities 2,448.2   2,448.2   3,561.8
Redeemable non-controlling interest 12.0   12.0   11.5
Total Stockholders’ Equity 1,764.5   1,764.5   744.5
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity 4,224.7   4,224.7   4,317.8
Supplemental condensed consolidated statements of cash flows [Abstract]          
Net cash (used in) provided by operating activities     146.0 80.9  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition of businesses, net of cash acquired     0 (1,035.3)  
Proceeds from disposition of business     43.5 0  
Purchases of property, plant and equipment     (20.7) (20.4)  
Other     2.9 (53.0)  
Net cash provided by (used in) investing activities     25.7 (1,108.7)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from 2012 Credit Agreement     239.5 2,917.6  
Repayments of 2012 Credit Agreement     (432.7) (1,559.1)  
Proceeds from issuance of Senior Notes     0 0  
Proceeds from 2011 Credit Agreement       46.5  
Repayments of 2011 Credit Agreement       (696.5)  
Net activity in investment in and advances from (to) subsidiaries and affiliates     32.5 871.6  
Proceeds from exercise of stock options     0 0  
Excess tax benefit from stock based compensation     0 0  
Treasury shares repurchased     0 (465.2)  
Payments of deferred financing costs     0 (43.6)  
Other     (1.2) (0.8)  
Net cash (used in) provided by financing activities     (161.9) 1,070.5  
Net effect of exchange rate changes on cash and cash equivalents     0 0  
Increase (decrease) in cash and cash equivalents     9.8 42.7  
CASH AND CASH EQUIVALENTS, beginning of period     30.9 19.2  
CASH AND CASH EQUIVALENTS, end of period 40.7 61.9 40.7 61.9  
Combined Non-Guarantor Subsidiaries [Member]
         
Supplemental condensed consolidated statements of comprehensive income [Abstract]          
Net sales 203.9 198.4 592.7 521.8  
Cost of sales 110.0 103.6 307.9 255.9  
Gross profit 93.9 94.8 284.8 265.9  
Selling and marketing expenses 44.9 38.6 136.8 110.7  
General, administrative and other 17.5 20.6 52.5 55.3  
Equity income in earnings of unconsolidated affiliates (1.8) (1.2) (5.6) (2.5)  
Royalty income, net of royalty expense 0 0 0 0  
Operating (loss) income 33.3 36.8 101.1 102.4  
Other expense, net:          
Third party interest expense, net 0.7 1.0 1.7 2.2  
Intercompany interest expense (income), net 0.5 0 1.5 0  
Interest expense, net 1.2 1.0 3.2 2.2  
Loss on disposal of business 0   0    
Other (income), net (0.2) 0.9 1.2 4.3  
Total other expense 1.0 1.9 4.4 6.5  
Income from equity investees 0 0 0 0  
Income before income taxes 32.3 34.9 96.7 95.9  
Income tax benefit (provision) (7.0) (9.6) (21.9) (24.3)  
Net income before non-controlling interest 25.3 25.3 74.8 71.6  
Less: Net income (loss) attributable to non-controlling interest 0 0 0 0  
Net income attributable to Tempur Sealy International, Inc. 25.3 25.3 74.8 71.6  
Comprehensive income attributable to Tempur Sealy International, Inc. 0.5 34.6 53.4 66.4  
Current Assets:          
Cash and cash equivalents 40.8 64.7 40.8 64.7  
Accounts receivable, net 151.7   151.7   156.6
Inventories 59.8   59.8   51.7
Income taxes receivable 0   0   0
Prepaid expenses and other current assets 29.7   29.7   27.4
Deferred income taxes 4.8   4.8   5.1
Total Current Assets 286.8   286.8   290.9
Property, plant and equipment, net 69.7   69.7   75.7
Goodwill 181.2   181.2   182.4
Other intangible assets, net 120.8   120.8   125.5
Deferred tax asset 10.6   10.6   10.9
Other non-current assets 20.3   20.3   15.6
Net investment in subsidiaries 0   0   0
Due from affiliates 4.4   4.4   0.9
Total Assets 693.8   693.8   701.9
Current Liabilities:          
Accounts payable 50.4   50.4   50.7
Accrued expenses and other current liabilities 65.3   65.3   62.8
Deferred income taxes 0.8   0.8   0.8
Income taxes payable 6.9   6.9   4.7
Current portion of long-term debt 3.8   3.8   3.0
Total Current Liabilities 127.2   127.2   122.0
Long-term debt 0   0   0
Deferred income taxes 31.3   31.3   33.3
Other non-current liabilities 8.5   8.5   6.2
Due to affiliates 872.2   872.2   940.5
Total Liabilities 1,039.2   1,039.2   1,102.0
Redeemable non-controlling interest 0   0   0
Total Stockholders’ Equity (345.4)   (345.4)   (400.1)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity 693.8   693.8   701.9
Supplemental condensed consolidated statements of cash flows [Abstract]          
Net cash (used in) provided by operating activities     76.0 68.3  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition of businesses, net of cash acquired     (8.5) (137.6)  
Proceeds from disposition of business     0 0  
Purchases of property, plant and equipment     (9.6) (8.0)  
Other     (0.9) 53.9  
Net cash provided by (used in) investing activities     (19.0) (91.7)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from 2012 Credit Agreement     0 0  
Repayments of 2012 Credit Agreement     0 0  
Proceeds from issuance of Senior Notes     0 0  
Proceeds from 2011 Credit Agreement       0  
Repayments of 2011 Credit Agreement       0  
Net activity in investment in and advances from (to) subsidiaries and affiliates     (70.6) (74.5)  
Proceeds from exercise of stock options     0 0  
Excess tax benefit from stock based compensation     0 0  
Treasury shares repurchased     0 0  
Payments of deferred financing costs     0 0  
Other     1.6 0.1  
Net cash (used in) provided by financing activities     (69.0) (74.4)  
Net effect of exchange rate changes on cash and cash equivalents     2.7 2.4  
Increase (decrease) in cash and cash equivalents     (9.3) (95.4)  
CASH AND CASH EQUIVALENTS, beginning of period     50.1 160.1  
CASH AND CASH EQUIVALENTS, end of period 40.8 64.7 40.8 64.7  
Eliminations [Member]
         
Supplemental condensed consolidated statements of comprehensive income [Abstract]          
Net sales (15.8) (5.9) (32.5) (17.4)  
Cost of sales (15.8) (5.9) (32.5) (17.4)  
Gross profit 0 0 0 0  
Selling and marketing expenses 0 0 0 0  
General, administrative and other 0 0 0 0  
Equity income in earnings of unconsolidated affiliates 0 0 0 0  
Royalty income, net of royalty expense 0 0 0 0  
Operating (loss) income 0 0 0 0  
Other expense, net:          
Third party interest expense, net 0 0 0 0  
Intercompany interest expense (income), net 0 0 0 0  
Interest expense, net 0 0 0 0  
Loss on disposal of business 0   0    
Other (income), net 0 0 0 0  
Total other expense 0 0 0 0  
Income from equity investees (75.3) (78.1) (174.0) (162.9)  
Income before income taxes (75.3) (78.1) (174.0) (162.9)  
Income tax benefit (provision) 0 0 0 0  
Net income before non-controlling interest (75.3) (78.1) (174.0) (162.9)  
Less: Net income (loss) attributable to non-controlling interest (0.4) 0 (0.5) 0.5  
Net income attributable to Tempur Sealy International, Inc. (74.9) (78.1) (173.5) (163.4)  
Comprehensive income attributable to Tempur Sealy International, Inc. (47.8) (87.4) (152.2) (158.8)  
Current Assets:          
Cash and cash equivalents 0 0 0 0  
Accounts receivable, net 0   0   0
Inventories 0   0   0
Income taxes receivable (138.6)   (138.6)   (118.4)
Prepaid expenses and other current assets 0   0   0
Deferred income taxes 0   0   0
Total Current Assets (138.6)   (138.6)   (118.4)
Property, plant and equipment, net 0   0   0
Goodwill 0   0   0
Other intangible assets, net 0   0   0
Deferred tax asset 0   0   0
Other non-current assets 0   0   0
Net investment in subsidiaries (1,776.6)   (1,776.6)   (756.0)
Due from affiliates (2,300.9)   (2,300.9)   (3,607.3)
Total Assets (4,216.1)   (4,216.1)   (4,481.7)
Current Liabilities:          
Accounts payable 0   0   0
Accrued expenses and other current liabilities 0   0   0
Deferred income taxes 0   0   0
Income taxes payable (138.6)   (138.6)   (118.4)
Current portion of long-term debt 0   0   0
Total Current Liabilities (138.6)   (138.6)   (118.4)
Long-term debt 0   0   0
Deferred income taxes 0   0   0
Other non-current liabilities 0   0   0
Due to affiliates (2,646.4)   (2,646.4)   (4,007.4)
Total Liabilities (2,785.0)   (2,785.0)   (4,125.8)
Redeemable non-controlling interest (12.0)   (12.0)   (11.5)
Total Stockholders’ Equity (1,419.1)   (1,419.1)   (344.4)
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity (4,216.1)   (4,216.1)   (4,481.7)
Supplemental condensed consolidated statements of cash flows [Abstract]          
Net cash (used in) provided by operating activities     0 0  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition of businesses, net of cash acquired     0 0  
Proceeds from disposition of business     0 0  
Purchases of property, plant and equipment     0 0  
Other     0 0  
Net cash provided by (used in) investing activities     0 0  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from 2012 Credit Agreement     0 0  
Repayments of 2012 Credit Agreement     0 0  
Proceeds from issuance of Senior Notes     0 0  
Proceeds from 2011 Credit Agreement       0  
Repayments of 2011 Credit Agreement       0  
Net activity in investment in and advances from (to) subsidiaries and affiliates       0  
Proceeds from exercise of stock options     0 0  
Excess tax benefit from stock based compensation     0 0  
Treasury shares repurchased     0 0  
Payments of deferred financing costs     0 0  
Other     0 0  
Net cash (used in) provided by financing activities     0 0  
Net effect of exchange rate changes on cash and cash equivalents     0 0  
Increase (decrease) in cash and cash equivalents     0 0  
CASH AND CASH EQUIVALENTS, beginning of period     0 0  
CASH AND CASH EQUIVALENTS, end of period 0 0 0 0  
Consolidated [Member]
         
Supplemental condensed consolidated statements of comprehensive income [Abstract]          
Net sales 827.4 735.5 2,244.3 1,786.2  
Cost of sales 508.9 436.8 1,388.0 1,044.2  
Gross profit 318.5 298.7 856.3 742.0  
Selling and marketing expenses 166.8 150.9 465.0 377.1  
General, administrative and other 70.8 71.9 210.6 206.9  
Equity income in earnings of unconsolidated affiliates (1.8) (1.2) (5.6) (2.5)  
Royalty income, net of royalty expense (4.4) (4.1) (13.5) (9.2)  
Operating (loss) income 87.1 81.2 199.8 169.7  
Other expense, net:          
Third party interest expense, net 25.3 24.6 70.5 88.2  
Intercompany interest expense (income), net 0 0 0 0  
Interest expense, net 25.3 24.6 70.5 88.2  
Loss on disposal of business 2.8   23.2    
Other (income), net (0.9) 0.9 (0.4) 4.0  
Total other expense 27.2 25.5 93.3 92.2  
Income from equity investees 0 0 0 0  
Income before income taxes 59.9 55.7 106.5 77.5  
Income tax benefit (provision) (22.4) (15.5) (43.7) (26.9)  
Net income before non-controlling interest 37.5 40.2 62.8 50.6  
Less: Net income (loss) attributable to non-controlling interest 0.4 0 0.5 (0.5)  
Net income attributable to Tempur Sealy International, Inc. 37.1 40.2 62.3 51.1  
Comprehensive income attributable to Tempur Sealy International, Inc. 14.5 49.6 43.6 43.9  
Current Assets:          
Cash and cash equivalents 81.8 126.6 81.8 126.6  
Accounts receivable, net 402.4   402.4   349.2
Inventories 207.3   207.3   199.2
Income taxes receivable 0   0   0
Prepaid expenses and other current assets 53.1   53.1   53.7
Deferred income taxes 47.2   47.2   44.4
Total Current Assets 791.8   791.8   727.5
Property, plant and equipment, net 358.1   358.1   411.6
Goodwill 738.4   738.4   759.6
Other intangible assets, net 736.2   736.2   750.1
Deferred tax asset 10.6   10.6   10.9
Other non-current assets 64.6   64.6   70.2
Net investment in subsidiaries 0   0   0
Due from affiliates 0   0   0
Total Assets 2,699.7   2,699.7   2,729.9
Current Liabilities:          
Accounts payable 249.3   249.3   191.2
Accrued expenses and other current liabilities 233.5   233.5   208.4
Deferred income taxes 0.8   0.8   0.8
Income taxes payable 19.1   19.1   1.5
Current portion of long-term debt 60.2   60.2   39.6
Total Current Liabilities 562.9   562.9   441.5
Long-term debt 1,586.6   1,586.6   1,796.9
Deferred income taxes 261.9   261.9   286.1
Other non-current liabilities 102.7   102.7   75.3
Due to affiliates 0   0   0
Total Liabilities 2,514.1   2,514.1   2,599.8
Redeemable non-controlling interest 12.0   12.0   11.5
Total Stockholders’ Equity 173.6   173.6   118.6
Total Liabilities, Redeemable Non-Controlling Interest and Stockholders' Equity 2,699.7   2,699.7   2,729.9
Supplemental condensed consolidated statements of cash flows [Abstract]          
Net cash (used in) provided by operating activities     180.9 104.8  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Acquisition of businesses, net of cash acquired     (8.5) (1,172.9)  
Proceeds from disposition of business     43.5 0  
Purchases of property, plant and equipment     (30.3) (28.4)  
Other     2.0 0.9  
Net cash provided by (used in) investing activities     6.7 (1,200.4)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Proceeds from 2012 Credit Agreement     239.5 2,917.6  
Repayments of 2012 Credit Agreement     (432.7) (1,559.1)  
Proceeds from issuance of Senior Notes     0 375.0  
Proceeds from 2011 Credit Agreement       46.5  
Repayments of 2011 Credit Agreement       (696.5)  
Net activity in investment in and advances from (to) subsidiaries and affiliates     0 0  
Proceeds from exercise of stock options     3.9 6.0  
Excess tax benefit from stock based compensation     1.6 3.7  
Treasury shares repurchased     (2.2) 0  
Payments of deferred financing costs     0 (52.0)  
Other     0.4 (0.7)  
Net cash (used in) provided by financing activities     (189.5) 1,040.5  
Net effect of exchange rate changes on cash and cash equivalents     2.7 2.4  
Increase (decrease) in cash and cash equivalents     0.8 (52.7)  
CASH AND CASH EQUIVALENTS, beginning of period     81.0 179.3  
CASH AND CASH EQUIVALENTS, end of period $ 81.8 $ 126.6 $ 81.8 $ 126.6