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Guarantor/Non-Guarantor Financial Information | 3 Months Ended
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Mar. 31, 2019
Condensed Financial Information Disclosure [Abstract] |
Guarantor/Non-Guarantor Financial Information | Guarantor/Non-Guarantor Financial Information The $450.0 million and $600.0 million aggregate principal amount of 2023 Senior Notes and 2026 Senior Notes (collectively the "Senior Notes"), respectively, are general unsecured senior obligations of Tempur Sealy International and are fully and unconditionally guaranteed on a senior unsecured basis, jointly and severally, by all of Tempur Sealy International’s 100% directly or indirectly owned current and future domestic subsidiaries (the "Combined Guarantor Subsidiaries"), subject to certain exceptions. The foreign subsidiaries (the "Combined Non-Guarantor Subsidiaries") represent the foreign operations of the Company and do not guarantee the Senior Notes. A subsidiary guarantor will be released from its obligations under the applicable indenture governing the Senior Notes when: (a) the subsidiary guarantor is sold or sells all or substantially all of its assets; (b) the subsidiary is declared "unrestricted" under the applicable indenture governing the Senior Notes; (c) the subsidiary’s guarantee of indebtedness under the 2016 Credit Agreement (as it may be amended, refinanced or replaced) is released (other than a discharge through repayment); or (d) the requirements for legal or covenant defeasance or discharge of the applicable indenture have been satisfied. The principal elimination entries relate to investments in subsidiaries and intercompany balances and transactions, including transactions with the Company’s wholly-owned subsidiary guarantors and non-guarantor subsidiaries. The Company has accounted for its investments in its subsidiaries under the equity method. The following supplemental financial information presents the Condensed Consolidated Statements of Income and Comprehensive Income for the three months ended March 31, 2019 and 2018, the Condensed Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018, and the Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2019 and 2018 for Tempur Sealy International, Combined Guarantor Subsidiaries and Combined Non-Guarantor Subsidiaries. Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Three Months Ended March 31, 2019 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 514.0 |  |  | $ | 193.3 |  |  | $ | (16.4 | ) |  | $ | 690.9 |
Cost of sales | — |  |  | 316.3 |  |  | 109.2 |  |  | (16.4 | ) |  | 409.1 |
Gross profit | — |  |  | 197.7 |  |  | 84.1 |  |  | — |  |  | 281.8 |
Selling and marketing expenses | 2.8 |  |  | 101.4 |  |  | 49.4 |  |  | (0.1 | ) |  | 153.5 |
General, administrative and other expenses | 4.3 |  |  | 52.6 |  |  | 14.4 |  |  | (0.6 | ) |  | 70.7 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (2.9 | ) |  | — |  |  | (2.9 | )
Operating (loss) income | (7.1 | ) |  | 43.7 |  |  | 23.2 |  |  | 0.7 |  |  | 60.5 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 14.1 |  |  | 7.7 |  |  | 0.6 |  |  | — |  |  | 22.4 |
Intercompany interest (income) expense, net | (2.6 | ) |  | 2.4 |  |  | 0.2 |  |  | — |  |  | — |
Interest expense, net | 11.5 |  |  | 10.1 |  |  | 0.8 |  |  | — |  |  | 22.4 |
Other income, net | — |  |  | (3.0 | ) |  | (5.1 | ) |  | 0.3 |  |  | (7.8 | )
Total other expense (income), net | 11.5 |  |  | 7.1 |  |  | (4.3 | ) |  | 0.3 |  |  | 14.6 |
Income from equity investees | 44.3 |  |  | 22.1 |  |  | — |  |  | (66.4 | ) |  | — |
Income from continuing operations before income taxes | 25.7 |  |  | 58.7 |  |  | 27.5 |  |  | (66.0 | ) |  | 45.9 |
Income tax benefit (provision) | 2.9 |  |  | (14.4 | ) |  | (5.4 | ) |  | — |  |  | (16.9 | )
Income from continuing operations | 28.6 |  |  | 44.3 |  |  | 22.1 |  |  | (66.0 | ) |  | 29.0 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (0.4 | ) |  | (0.4 | )
Net income before non-controlling interest | 28.6 |  |  | 44.3 |  |  | 22.1 |  |  | (66.4 | ) |  | 28.6 |
Less: Net income attributable to non-controlling interest | 0.2 |  |  | — |  |  | 0.2 |  |  | (0.2 | ) |  | 0.2 |
Net income attributable to Tempur Sealy International, Inc. | $ | 28.4 |  |  | $ | 44.3 |  |  | $ | 21.9 |  |  | $ | (66.2 | ) |  | $ | 28.4 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 32.4 |  |  | $ | 46.6 |  |  | $ | 23.6 |  |  | $ | (70.2 | ) |  | $ | 32.4 |
Supplemental Condensed Consolidated Statements of Income and Comprehensive Income Three Months Ended March 31, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net sales | $ | — |  |  | $ | 440.7 |  |  | $ | 224.8 |  |  | $ | (28.1 | ) |  | $ | 637.4 |
Cost of sales | — |  |  | 266.4 |  |  | 131.2 |  |  | (24.9 | ) |  | 372.7 |
Gross profit | — |  |  | 174.3 |  |  | 93.6 |  |  | (3.2 | ) |  | 264.7 |
Selling and marketing expenses | 1.9 |  |  | 93.1 |  |  | 53.9 |  |  | (3.5 | ) |  | 145.4 |
General, administrative and other expenses | 4.7 |  |  | 47.5 |  |  | 16.8 |  |  | (1.5 | ) |  | 67.5 |
Equity income in earnings of unconsolidated affiliates | — |  |  | — |  |  | (3.9 | ) |  | — |  |  | (3.9 | )
Operating (loss) income | (6.6 | ) |  | 33.7 |  |  | 26.8 |  |  | 1.8 |  |  | 55.7 |
Other expense, net: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Third party interest expense, net | 14.9 |  |  | 6.9 |  |  | 1.1 |  |  | (0.2 | ) |  | 22.7 |
Intercompany interest (income) expense, net | (1.8 | ) |  | 1.8 |  |  | — |  |  | — |  |  | — |
Interest expense, net | 13.1 |  |  | 8.7 |  |  | 1.1 |  |  | (0.2 | ) |  | 22.7 |
Other (income) expense, net | — |  |  | (2.2 | ) |  | 0.4 |  |  | (0.8 | ) |  | (2.6 | )
Total other expense, net | 13.1 |  |  | 6.5 |  |  | 1.5 |  |  | (1.0 | ) |  | 20.1 |
Income from equity investees | 39.1 |  |  | 19.0 |  |  | — |  |  | (58.1 | ) |  | — |
Income from continuing operations before income taxes | 19.4 |  |  | 46.2 |  |  | 25.3 |  |  | (55.3 | ) |  | 35.6 |
Income tax benefit (provision) | 3.4 |  |  | (7.1 | ) |  | (6.3 | ) |  | — |  |  | (10.0 | )
Income from continuing operations | 22.8 |  |  | 39.1 |  |  | 19.0 |  |  | (55.3 | ) |  | 25.6 |
Loss from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | (2.8 | ) |  | (2.8 | )
Net income before non-controlling interest | 22.8 |  |  | 39.1 |  |  | 19.0 |  |  | (58.1 | ) |  | 22.8 |
Less: Net loss attributable to non-controlling interest | (0.3 | ) |  | — |  |  | (0.3 | ) |  | 0.3 |  |  | (0.3 | )
Net income attributable to Tempur Sealy International, Inc. | $ | 23.1 |  |  | $ | 39.1 |  |  | $ | 19.3 |  |  | $ | (58.4 | ) |  | $ | 23.1 |
Comprehensive income attributable to Tempur Sealy International, Inc. | $ | 27.5 |  |  | $ | 38.5 |  |  | $ | 24.3 |  |  | $ | (62.8 | ) |  | $ | 27.5 |
Supplemental Condensed Consolidated Balance Sheets March 31, 2019 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.3 |  |  | $ | 11.3 |  |  | $ | 28.0 |  |  | $ | — |  |  | $ | 39.6 |
Accounts receivable, net | — |  |  | 15.1 |  |  | 294.4 |  |  | 46.9 |  |  | 356.4 |
Inventories | — |  |  | 172.0 |  |  | 67.7 |  |  | — |  |  | 239.7 |
Prepaid expenses and other current assets | 282.1 |  |  | 65.2 |  |  | 149.1 |  |  | (279.1 | ) |  | 217.3 |
Total Current Assets | 282.4 |  |  | 263.6 |  |  | 539.2 |  |  | (232.2 | ) |  | 853.0 |
Property, plant and equipment, net | — |  |  | 349.4 |  |  | 69.1 |  |  | — |  |  | 418.5 |
Goodwill | — |  |  | 508.8 |  |  | 216.7 |  |  | — |  |  | 725.5 |
Other intangible assets, net | — |  |  | 569.7 |  |  | 77.2 |  |  | — |  |  | 646.9 |
Operating lease right-of-use assets | — |  |  | 145.0 |  |  | 46.9 |  |  | — |  |  | 191.9 |
Deferred income taxes | 13.4 |  |  | — |  |  | 21.9 |  |  | (13.4 | ) |  | 21.9 |
Other non-current assets | 0.6 |  |  | 63.1 |  |  | 44.3 |  |  | — |  |  | 108.0 |
Net investment in subsidiaries | 710.8 |  |  | 166.8 |  |  | — |  |  | (877.6 | ) |  | — |
Due from affiliates | 425.4 |  |  | 144.9 |  |  | 15.9 |  |  | (586.2 | ) |  | — |
Total Assets | $ | 1,432.6 |  |  | $ | 2,211.3 |  |  | $ | 1,031.2 |  |  | $ | (1,709.4 | ) |  | $ | 2,965.7 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 141.6 |  |  | $ | 57.2 |  |  | $ | 46.9 |  |  | $ | 245.7 |
Accrued expenses and other current liabilities | 20.5 |  |  | 166.6 |  |  | 214.7 |  |  | — |  |  | 401.8 |
Current portion of long-term debt | — |  |  | 48.0 |  |  | 7.5 |  |  | — |  |  | 55.5 |
Income taxes payable | — |  |  | 290.6 |  |  | 11.0 |  |  | (279.1 | ) |  | 22.5 |
Total Current Liabilities | 20.5 |  |  | 646.8 |  |  | 290.4 |  |  | (232.2 | ) |  | 725.5 |
Long-term debt, net | 1,043.3 |  |  | 484.8 |  |  | 76.0 |  |  | — |  |  | 1,604.1 |
Long-term operating lease obligations | — |  |  | 124.7 |  |  | 32.5 |  |  | — |  |  | 157.2 |
Deferred income taxes | — |  |  | 116.6 |  |  | 12.3 |  |  | (13.4 | ) |  | 115.5 |
Other non-current liabilities | 0.1 |  |  | 57.0 |  |  | 52.8 |  |  | — |  |  | 109.9 |
Due to affiliates | 115.2 |  |  | 70.6 |  |  | 400.4 |  |  | (586.2 | ) |  | — |
Total Liabilities | 1,179.1 |  |  | 1,500.5 |  |  | 864.4 |  |  | (831.8 | ) |  | 2,712.2 |
Total Stockholders' Equity | 253.5 |  |  | 710.8 |  |  | 166.8 |  |  | (877.6 | ) |  | 253.5 |
Total Liabilities and Stockholders’ Equity | $ | 1,432.6 |  |  | $ | 2,211.3 |  |  | $ | 1,031.2 |  |  | $ | (1,709.4 | ) |  | $ | 2,965.7 |
Supplemental Condensed Consolidated Balance Sheets December 31, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 0.1 |  |  | $ | 6.2 |  |  | $ | 39.5 |  |  | $ | — |  |  | $ | 45.8 |
Accounts receivable, net | — |  |  | 15.2 |  |  | 303.3 |  |  | 3.0 |  |  | 321.5 |
Inventories | — |  |  | 159.4 |  |  | 62.9 |  |  | — |  |  | 222.3 |
Prepaid expenses and other current assets | 276.9 |  |  | 65.4 |  |  | 148.1 |  |  | (274.6 | ) |  | 215.8 |
Total Current Assets | 277.0 |  |  | 246.2 |  |  | 553.8 |  |  | (271.6 | ) |  | 805.4 |
Property, plant and equipment, net | — |  |  | 350.7 |  |  | 70.1 |  |  | — |  |  | 420.8 |
Goodwill | — |  |  | 508.8 |  |  | 214.2 |  |  | — |  |  | 723.0 |
Other intangible assets, net | — |  |  | 572.7 |  |  | 76.6 |  |  | — |  |  | 649.3 |
Deferred income taxes | 15.0 |  |  | — |  |  | 22.6 |  |  | (15.0 | ) |  | 22.6 |
Other non-current assets | — |  |  | 49.2 |  |  | 45.1 |  |  | — |  |  | 94.3 |
Net investment in subsidiaries | 661.7 |  |  | 210.0 |  |  | — |  |  | (871.7 | ) |  | — |
Due from affiliates | 422.1 |  |  | 153.8 |  |  | 15.4 |  |  | (591.3 | ) |  | — |
Total Assets | $ | 1,375.8 |  |  | $ | 2,091.4 |  |  | $ | 997.8 |  |  | $ | (1,749.6 | ) |  | $ | 2,715.4 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | — |  |  | $ | 186.7 |  |  | $ | 63.3 |  |  | $ | 3.0 |  |  | $ | 253.0 |
Accrued expenses and other current liabilities | 6.7 |  |  | 143.9 |  |  | 208.6 |  |  | — |  |  | 359.2 |
Current portion of long-term debt | — |  |  | 44.0 |  |  | 3.1 |  |  | — |  |  | 47.1 |
Income taxes payable | — |  |  | 274.7 |  |  | 9.6 |  |  | (274.6 | ) |  | 9.7 |
Total Current Liabilities | 6.7 |  |  | 649.3 |  |  | 284.6 |  |  | (271.6 | ) |  | 669.0 |
Long-term debt, net | 1,043.0 |  |  | 547.1 |  |  | 9.0 |  |  | — |  |  | 1,599.1 |
Deferred income taxes | — |  |  | 118.0 |  |  | 14.5 |  |  | (15.0 | ) |  | 117.5 |
Other non-current liabilities | 1.9 |  |  | 58.2 |  |  | 52.2 |  |  | — |  |  | 112.3 |
Due from affiliates | 106.7 |  |  | 57.1 |  |  | 427.5 |  |  | (591.3 | ) |  | — |
Total Liabilities | 1,158.3 |  |  | 1,429.7 |  |  | 787.8 |  |  | (877.9 | ) |  | 2,497.9 |
Total Stockholders' Equity | 217.5 |  |  | 661.7 |  |  | 210.0 |  |  | (871.7 | ) |  | 217.5 |
Total Liabilities and Stockholders’ Equity | $ | 1,375.8 |  |  | $ | 2,091.4 |  |  | $ | 997.8 |  |  | $ | (1,749.6 | ) |  | $ | 2,715.4 |
Supplemental Condensed Consolidated Statements of Cash Flows Three Months Ended March 31, 2019 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net cash provided by (used in)operating activities from continuing operations | $ | 1.4 |  |  | $ | (2.3 | ) |  | $ | 4.8 |  |  | $ | 0.7 |  |  | $ | 4.6 |
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (15.9 | ) |  | (3.2 | ) |  | — |  |  | (19.1 | )
Debtor-in-possession financing arrangement | — |  |  | (9.5 | ) |  | — |  |  | — |  |  | (9.5 | )
Other | — |  |  | 0.1 |  |  | 8.2 |  |  | — |  |  | 8.3 |
Contributions received from (paid to) subsidiaries and affiliates | — |  |  | 65.1 |  |  | (65.1 | ) |  | — |  |  | — |
Net cash provided by (used in) investing activities from continuing operations | — |  |  | 39.8 |  |  | (60.1 | ) |  | — |  |  | (20.3 | )
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | — |  |  | 212.6 |  |  | — |  |  | 212.6 |
Repayments of borrowings under long-term debt obligations | — |  |  | (57.5 | ) |  | (141.2 | ) |  | — |  |  | (198.7 | )
Net activity in investment in and advances from (to) subsidiaries and affiliates | 0.1 |  |  | 26.7 |  |  | (26.8 | ) |  | — |  |  | — |
Proceeds from issuance of stock options | 2.4 |  |  | — |  |  | — |  |  | — |  |  | 2.4 |
Treasury stock repurchased | (3.7 | ) |  | — |  |  | — |  |  | — |  |  | (3.7 | )
Other | — |  |  | (1.6 | ) |  | — |  |  | — |  |  | (1.6 | )
Net cash (used in) provided by financing activities from continuing operations | (1.2 | ) |  | (32.4 | ) |  | 44.6 |  |  | — |  |  | 11.0 |
Net cash provided by (used in) continuing operations | 0.2 |  |  | 5.1 |  |  | (10.7 | ) |  | 0.7 |  |  | (4.7 | )
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (0.7 | ) |  | (0.7 | )
Investing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (0.7 | ) |  | (0.7 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | (0.8 | ) |  | — |  |  | (0.8 | )
Increase/(decrease) in cash and cash equivalents | 0.2 |  |  | 5.1 |  |  | (11.5 | ) |  | — |  |  | (6.2 | )
CASH AND CASH EQUIVALENTS, beginning of period | 0.1 |  |  | 6.2 |  |  | 39.5 |  |  |  |  |  | 45.8 |
CASH AND CASH EQUIVALENTS, end of period | $ | 0.3 |  |  | $ | 11.3 |  |  | $ | 28.0 |  |  | $ | — |  |  | $ | 39.6 |
Supplemental Condensed Consolidated Statements of Cash Flows Three Months Ended March 31, 2018 (in millions)
| Tempur Sealy International, Inc. (Ultimate Parent) |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Reclassifications and Eliminations |  | Consolidated
Net cash provided by (used in) operating activities from continuing operations | $ | 1.0 |  |  | $ | (18.2 | ) |  | $ | 7.5 |  |  | $ | 10.6 |  |  | $ | 0.9 |
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | — |  |  | (18.7 | ) |  | (3.1 | ) |  | — |  |  | (21.8 | )
Other | — |  |  | — |  |  | 4.2 |  |  | — |  |  | 4.2 |
Contributions received from (paid to) subsidiaries and affiliates | — |  |  | 35.2 |  |  | (35.2 | ) |  | — |  |  | — |
Net cash provided by (used in) investing activities from continuing operations | — |  |  | 16.5 |  |  | (34.1 | ) |  | — |  |  | (17.6 | )
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from borrowings under long-term debt obligations | — |  |  | 185.3 |  |  | 231.8 |  |  | — |  |  | 417.1 |
Repayments of borrowings under long-term debt obligations | — |  |  | (191.8 | ) |  | (203.0 | ) |  | — |  |  | (394.8 | )
Net activity in investment in and advances (to) from subsidiaries and affiliates | (0.1 | ) |  | 5.0 |  |  | (4.9 | ) |  | — |  |  | — |
Proceeds from exercise of stock options | 1.9 |  |  | — |  |  | — |  |  | — |  |  | 1.9 |
Treasury stock repurchased | (2.9 | ) |  | — |  |  | — |  |  | — |  |  | (2.9 | )
Other | — |  |  | (1.3 | ) |  | (0.5 | ) |  | — |  |  | (1.8 | )
Net cash (used in) provided by financing activities from continuing operations | (1.1 | ) |  | (2.8 | ) |  | 23.4 |  |  | — |  |  | 19.5 |
Net cash (used in) provided by continuing operations | (0.1 | ) |  | (4.5 | ) |  | (3.2 | ) |  | 10.6 |  |  | 2.8 |
CASH USED IN DISCONTINUED OPERATIONS |  |  |  |  |  |  |  |  |
Operating cash flows, net | — |  |  | — |  |  | — |  |  | (10.6 | ) |  | (10.6 | )
Investing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Financing cash flows, net | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net cash used in discontinued operations | — |  |  | — |  |  | — |  |  | (10.6 | ) |  | (10.6 | )
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | — |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
Decrease in cash and cash equivalents | (0.1 | ) |  | (4.5 | ) |  | (2.8 | ) |  |  |  |  | (7.4 | )
CASH AND CASH EQUIVALENTS, beginning of period | 0.1 |  |  | 12.3 |  |  | 29.5 |  |  | — |  |  | 41.9 |
CASH AND CASH EQUIVALENTS, end of period | — |  |  | 7.8 |  |  | 26.7 |  |  | — |  |  | 34.5 |
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS | — |  |  | — |  |  | 1.1 |  |  | — |  |  | 1.1 |
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS | $ | — |  |  | $ | 7.8 |  |  | $ | 25.6 |  |  | $ | — |  |  | $ | 33.4 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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