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Condensed Consolidating Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2015
Condensed Consolidating Financial Statements |
Schedule of Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet As of December 31, 2015 (in millions)
|  |  |  |  |  |  | Non- |  |  |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  | Consolidating |  |  |
| Parent |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 10.7 |  | $ | (1.0) |  | $ | 94.6 |  | $ | — |  | $ | 104.3
Accounts receivable, net |  | 66.5 |  |  | 701.8 |  |  | 152.3 |  |  | (4.0) |  |  | 916.6
Inventories |  | 56.0 |  |  | 1,145.1 |  |  | 234.9 |  |  | — |  |  | 1,436.0
Income taxes receivable |  | 38.2 |  |  | — |  |  | (1.7) |  |  | — |  |  | 36.5
Other current assets |  | 36.4 |  |  | 15.1 |  |  | 12.6 |  |  | (3.3) |  |  | 60.8
Total current assets |  | 207.8 |  |  | 1,861.0 |  |  | 492.7 |  |  | (7.3) |  |  | 2,554.2
Investments in subsidiaries |  | 5,046.2 |  |  | 328.0 |  |  | — |  |  | (5,374.2) |  |  | —
Property, plant and equipment, net |  | 115.5 |  |  | 1,311.3 |  |  | 208.7 |  |  | — |  |  | 1,635.5
Goodwill |  | 23.8 |  |  | 1,571.1 |  |  | 129.9 |  |  | — |  |  | 1,724.8
Intangible assets, net |  | 14.0 |  |  | 977.5 |  |  | 133.9 |  |  | — |  |  | 1,125.4
Intercompany receivables |  | 614.2 |  |  | 45.4 |  |  | 30.5 |  |  | (690.1) |  |  | —
Other assets |  | 24.6 |  |  | 50.9 |  |  | 6.2 |  |  | — |  |  | 81.7
Total assets | $ | 6,046.1 |  | $ | 6,145.2 |  | $ | 1,001.9 |  | $ | (6,071.6) |  | $ | 7,121.6
Liabilities & Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | 25.3 |  | $ | 160.0 |  | $ | 65.7 |  | $ | (4.0) |  | $ | 247.0
Accrued compensation and retirement costs |  | 29.5 |  |  | 79.1 |  |  | 10.1 |  |  | — |  |  | 118.7
Other current liabilities |  | 54.0 |  |  | 15.3 |  |  | 57.2 |  |  | (3.3) |  |  | 123.2
Current maturities of long-term debt and short-term borrowings |  | 400.0 |  |  | — |  |  | 100.8 |  |  | — |  |  | 500.8
Total current liabilities |  | 508.8 |  |  | 254.4 |  |  | 233.8 |  |  | (7.3) |  |  | 989.7
Long-term debt |  | 1,417.3 |  |  | 5.7 |  |  | 4.9 |  |  | — |  |  | 1,427.9
Intercompany borrowings |  | — |  |  | 547.6 |  |  | 142.5 |  |  | (690.1) |  |  | —
Other long-term liabilities |  | 205.9 |  |  | 505.0 |  |  | 50.4 |  |  | — |  |  | 761.3
Total Reliance stockholders’ equity |  | 3,914.1 |  |  | 4,824.5 |  |  | 549.7 |  |  | (5,374.2) |  |  | 3,914.1
Noncontrolling interests |  | — |  |  | 8.0 |  |  | 20.6 |  |  | — |  |  | 28.6
Total equity |  | 3,914.1 |  |  | 4,832.5 |  |  | 570.3 |  |  | (5,374.2) |  |  | 3,942.7
Total liabilities and equity | $ | 6,046.1 |  | $ | 6,145.2 |  | $ | 1,001.9 |  | $ | (6,071.6) |  | $ | 7,121.6
Condensed Consolidating Balance Sheet As of December 31, 2014 (in millions)
|  |  |  |  |  |  | Non- |  |  |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  | Consolidating |  |  |
| Parent |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Consolidated
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 41.9 |  | $ | (8.3) |  | $ | 72.6 |  | $ | — |  | $ | 106.2
Accounts receivable, net |  | 72.7 |  |  | 923.1 |  |  | 164.8 |  |  | (16.0) |  |  | 1,144.6
Inventories |  | 57.6 |  |  | 1,454.2 |  |  | 240.3 |  |  | — |  |  | 1,752.1
Other current assets |  | 139.3 |  |  | 38.5 |  |  | 16.1 |  |  | (75.7) |  |  | 118.2
Total current assets |  | 311.5 |  |  | 2,407.5 |  |  | 493.8 |  |  | (91.7) |  |  | 3,121.1
Investments in subsidiaries |  | 4,891.8 |  |  | 299.9 |  |  | — |  |  | (5,191.7) |  |  | —
Property, plant and equipment, net |  | 103.8 |  |  | 1,333.7 |  |  | 218.9 |  |  | — |  |  | 1,656.4
Goodwill |  | 23.8 |  |  | 1,571.0 |  |  | 141.6 |  |  | — |  |  | 1,736.4
Intangible assets, net |  | 16.1 |  |  | 1,056.7 |  |  | 154.6 |  |  | — |  |  | 1,227.4
Intercompany receivables |  | 1,361.7 |  |  | 26.1 |  |  | 18.2 |  |  | (1,406.0) |  |  | —
Other assets |  | 22.7 |  |  | 52.5 |  |  | 5.9 |  |  | — |  |  | 81.1
Total assets | $ | 6,731.4 |  | $ | 6,747.4 |  | $ | 1,033.0 |  | $ | (6,689.4) |  | $ | 7,822.4
Liabilities & Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable | $ | 29.2 |  | $ | 212.3 |  | $ | 60.6 |  | $ | (15.6) |  | $ | 286.5
Accrued compensation and retirement costs |  | 23.9 |  |  | 89.9 |  |  | 14.6 |  |  | — |  |  | 128.4
Other current liabilities |  | 65.2 |  |  | 26.1 |  |  | 62.6 |  |  | 0.1 |  |  | 154.0
Deferred income taxes |  | — |  |  | 75.1 |  |  | 0.6 |  |  | (75.7) |  |  | —
Current maturities of long-term debt and short-term borrowings |  | 43.8 |  |  | — |  |  | 50.1 |  |  | — |  |  | 93.9
Total current liabilities |  | 162.1 |  |  | 403.4 |  |  | 188.5 |  |  | (91.2) |  |  | 662.8
Long-term debt |  | 2,156.6 |  |  | 5.7 |  |  | 45.8 |  |  | — |  |  | 2,208.1
Intercompany borrowings |  | — |  |  | 1,242.5 |  |  | 163.5 |  |  | (1,406.0) |  |  | —
Other long-term liabilities |  | 313.7 |  |  | 456.2 |  |  | 54.1 |  |  | (0.4) |  |  | 823.6
Total Reliance stockholders’ equity |  | 4,099.0 |  |  | 4,633.4 |  |  | 558.4 |  |  | (5,191.8) |  |  | 4,099.0
Noncontrolling interests |  | — |  |  | 6.2 |  |  | 22.7 |  |  | — |  |  | 28.9
Total equity |  | 4,099.0 |  |  | 4,639.6 |  |  | 581.1 |  |  | (5,191.8) |  |  | 4,127.9
Total liabilities and equity | $ | 6,731.4 |  | $ | 6,747.4 |  | $ | 1,033.0 |  | $ | (6,689.4) |  | $ | 7,822.4
Schedule of Condensed Consolidating Statement of Comprehensive Income | Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2015 (in millions)
|  |  |  |  |  |  | Non- |  |  |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  | Consolidating |  |  |
| Parent |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Consolidated
Net sales | $ | 710.9 |  | $ | 7,978.3 |  | $ | 864.6 |  | $ | (203.3) |  | $ | 9,350.5
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (exclusive of depreciation and amortization shown below) |  | 503.1 |  |  | 5,833.9 |  |  | 670.0 |  |  | (203.4) |  |  | 6,803.6
Warehouse, delivery, selling, general and administrative |  | 168.1 |  |  | 1,435.8 |  |  | 140.0 |  |  | (15.4) |  |  | 1,728.5
Depreciation and amortization |  | 16.8 |  |  | 179.1 |  |  | 22.6 |  |  | — |  |  | 218.5
Impairment of long-lived assets |  | — |  |  | 51.8 |  |  | 1.5 |  |  | — |  |  | 53.3
|  | 688.0 |  |  | 7,500.6 |  |  | 834.1 |  |  | (218.8) |  |  | 8,803.9
Operating income |  | 22.9 |  |  | 477.7 |  |  | 30.5 |  |  | 15.5 |  |  | 546.6
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest |  | (80.3) |  |  | (19.2) |  |  | (6.7) |  |  | 21.9 |  |  | (84.3)
Other income (expense), net |  | 17.2 |  |  | (0.7) |  |  | 17.3 |  |  | (37.4) |  |  | (3.6)
(Loss) income before equity in earnings of subsidiaries and income taxes |  | (40.2) |  |  | 457.8 |  |  | 41.1 |  |  | — |  |  | 458.7
Equity in earnings of subsidiaries |  | 297.8 |  |  | 13.1 |  |  | — |  |  | (310.9) |  |  | —
Income before income taxes |  | 257.6 |  |  | 470.9 |  |  | 41.1 |  |  | (310.9) |  |  | 458.7
Income tax (benefit) provision |  | (53.9) |  |  | 182.5 |  |  | 13.9 |  |  | — |  |  | 142.5
Net income |  | 311.5 |  |  | 288.4 |  |  | 27.2 |  |  | (310.9) |  |  | 316.2
Less: Net income attributable to noncontrolling interests |  | — |  |  | 4.7 |  |  | — |  |  | — |  |  | 4.7
Net income attributable to Reliance | $ | 311.5 |  | $ | 283.7 |  | $ | 27.2 |  | $ | (310.9) |  | $ | 311.5
Comprehensive income (loss) attributable to Reliance | $ | 260.7 |  | $ | 250.1 |  | $ | (18.9) |  | $ | (231.2) |  | $ | 260.7
Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2014 (in millions)
|  |  |  |  |  |  | Non- |  |  |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  | Consolidating |  |  |
| Parent |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Consolidated
Net sales | $ | 750.2 |  | $ | 9,110.2 |  | $ | 825.9 |  | $ | (234.7) |  | $ | 10,451.6
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (exclusive of depreciation and amortization shown below) |  | 557.0 |  |  | 6,885.4 |  |  | 623.0 |  |  | (234.8) |  |  | 7,830.6
Warehouse, delivery, selling, general and administrative |  | 157.3 |  |  | 1,545.9 |  |  | 140.9 |  |  | (54.3) |  |  | 1,789.8
Depreciation and amortization |  | 19.8 |  |  | 174.0 |  |  | 20.0 |  |  | — |  |  | 213.8
|  | 734.1 |  |  | 8,605.3 |  |  | 783.9 |  |  | (289.1) |  |  | 9,834.2
Operating income |  | 16.1 |  |  | 504.9 |  |  | 42.0 |  |  | 54.4 |  |  | 617.4
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest |  | (78.1) |  |  | (28.3) |  |  | (5.7) |  |  | 30.2 |  |  | (81.9)
Other income (expense), net |  | 67.7 |  |  | (2.7) |  |  | 30.4 |  |  | (84.6) |  |  | 10.8
Income before equity in earnings of subsidiaries and income taxes |  | 5.7 |  |  | 473.9 |  |  | 66.7 |  |  | — |  |  | 546.3
Equity in earnings of subsidiaries |  | 325.1 |  |  | 21.2 |  |  | — |  |  | (346.3) |  |  | —
Income before income taxes |  | 330.8 |  |  | 495.1 |  |  | 66.7 |  |  | (346.3) |  |  | 546.3
Income tax (benefit) provision |  | (40.7) |  |  | 190.1 |  |  | 20.6 |  |  | — |  |  | 170.0
Net income |  | 371.5 |  |  | 305.0 |  |  | 46.1 |  |  | (346.3) |  |  | 376.3
Less: Net income attributable to noncontrolling interests |  | — |  |  | 4.4 |  |  | 0.4 |  |  | — |  |  | 4.8
Net income attributable to Reliance | $ | 371.5 |  | $ | 300.6 |  | $ | 45.7 |  | $ | (346.3) |  | $ | 371.5
Comprehensive income attributable to Reliance | $ | 367.5 |  | $ | 280.4 |  | $ | 27.7 |  | $ | (346.3) |  | $ | 329.3
Condensed Consolidating Statement of Comprehensive Income For the year ended December 31, 2013 (in millions)
|  |  |  |  |  |  | Non- |  |  |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  | Consolidating |  |  |
| Parent |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Consolidated
Net sales | $ | 704.5 |  | $ | 8,021.6 |  | $ | 710.1 |  | $ | (212.4) |  | $ | 9,223.8
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales (exclusive of depreciation and amortization shown below) |  | 509.7 |  |  | 5,999.2 |  |  | 529.7 |  |  | (212.4) |  |  | 6,826.2
Warehouse, delivery, selling, general and administrative |  | 200.7 |  |  | 1,385.5 |  |  | 117.8 |  |  | (65.6) |  |  | 1,638.4
Depreciation and amortization |  | 17.5 |  |  | 158.6 |  |  | 16.3 |  |  | — |  |  | 192.4
Impairment of long-lived assets |  | — |  |  | 14.9 |  |  | — |  |  | — |  |  | 14.9
|  | 727.9 |  |  | 7,558.2 |  |  | 663.8 |  |  | (278.0) |  |  | 8,671.9
Operating (loss) income |  | (23.4) |  |  | 463.4 |  |  | 46.3 |  |  | 65.6 |  |  | 551.9
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest |  | (74.7) |  |  | (19.9) |  |  | (4.2) |  |  | 21.3 |  |  | (77.5)
Other income, net |  | 75.7 |  |  | 5.5 |  |  | 9.6 |  |  | (86.9) |  |  | 3.9
(Loss) income before equity in earnings of subsidiaries and income taxes |  | (22.4) |  |  | 449.0 |  |  | 51.7 |  |  | — |  |  | 478.3
Equity in earnings of subsidiaries |  | 300.3 |  |  | 12.4 |  |  | — |  |  | (312.7) |  |  | —
Income before income taxes |  | 277.9 |  |  | 461.4 |  |  | 51.7 |  |  | (312.7) |  |  | 478.3
Income tax (benefit) provision |  | (43.7) |  |  | 181.0 |  |  | 16.3 |  |  | — |  |  | 153.6
Net income |  | 321.6 |  |  | 280.4 |  |  | 35.4 |  |  | (312.7) |  |  | 324.7
Less: Net income attributable to noncontrolling interests |  | — |  |  | 2.8 |  |  | 0.3 |  |  | — |  |  | 3.1
Net income attributable to Reliance | $ | 321.6 |  | $ | 277.6 |  | $ | 35.1 |  | $ | (312.7) |  | $ | 321.6
Comprehensive income attributable to Reliance | $ | 318.9 |  | $ | 293.5 |  | $ | 16.7 |  | $ | (312.7) |  | $ | 316.4
Schedule of Condensed Consolidating Cash Flow Statement | Condensed Consolidating Cash Flow Statement For the year ended December 31, 2015 (in millions)
|  |  |  |  |  |  | Non- |  |  |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  | Consolidating |  |  |
| Parent |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Consolidated
Net cash provided by operating activities | $ | 148.8 |  | $ | 805.0 |  | $ | 71.2 |  | $ | — |  | $ | 1,025.0
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (21.5) |  |  | (136.1) |  |  | (14.6) |  |  | — |  |  | (172.2)
Net repayments from subsidiaries |  | 697.2 |  |  | — |  |  | — |  |  | (697.2) |  |  | —
Other investing activities, net |  | (2.6) |  |  | 4.8 |  |  | 0.1 |  |  | — |  |  | 2.3
Net cash provided by (used in) investing activities |  | 673.1 |  |  | (131.3) |  |  | (14.5) |  |  | (697.2) |  |  | (169.9)
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net short-term debt borrowings |  | — |  |  | — |  |  | 12.7 |  |  | — |  |  | 12.7
Proceeds from long-term debt borrowings |  | 573.0 |  |  | — |  |  | — |  |  | — |  |  | 573.0
Principal payments on long-term debt |  | (959.8) |  |  | (2.5) |  |  | — |  |  | — |  |  | (962.3)
Dividends and dividend equivalents paid |  | (120.1) |  |  | — |  |  | — |  |  | — |  |  | (120.1)
Share repurchases |  | (355.5) |  |  | — |  |  | — |  |  | — |  |  | (355.5)
Net intercompany repayments |  | — |  |  | (663.9) |  |  | (33.3) |  |  | 697.2 |  |  | —
Other financing activities, net |  | 9.3 |  |  | — |  |  | (5.6) |  |  | — |  |  | 3.7
Net cash used in financing activities |  | (853.1) |  |  | (666.4) |  |  | (26.2) |  |  | 697.2 |  |  | (848.5)
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | (8.5) |  |  | — |  |  | (8.5)
(Decrease) increase in cash and cash equivalents |  | (31.2) |  |  | 7.3 |  |  | 22.0 |  |  | — |  |  | (1.9)
Cash and cash equivalents at beginning of year |  | 41.9 |  |  | (8.3) |  |  | 72.6 |  |  | — |  |  | 106.2
Cash and cash equivalents at end of year | $ | 10.7 |  | $ | (1.0) |  | $ | 94.6 |  | $ | — |  | $ | 104.3
Condensed Consolidating Cash Flow Statement For the year ended December 31, 2014 (in millions)
|  |  |  |  |  |  | Non- |  |  |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  | Consolidating |  |  |
| Parent |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Consolidated
Net cash provided by operating activities | $ | 118.4 |  | $ | 193.2 |  | $ | 44.4 |  | $ | — |  | $ | 356.0
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (18.2) |  |  | (159.2) |  |  | (13.0) |  |  | — |  |  | (190.4)
Acquisitions, net of cash acquired |  | - |  |  | (92.0) |  |  | (116.2) |  |  | — |  |  | (208.2)
Net advances to subsidiaries |  | (119.7) |  |  | — |  |  | — |  |  | 119.7 |  |  | —
Other investing activities, net |  | (0.8) |  |  | (3.6) |  |  | 38.0 |  |  | — |  |  | 33.6
Net cash used in investing activities |  | (138.7) |  |  | (254.8) |  |  | (91.2) |  |  | 119.7 |  |  | (365.0)
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net short-term debt borrowings |  | — |  |  | — |  |  | 1.7 |  |  | — |  |  | 1.7
Proceeds from long-term debt borrowings |  | 719.0 |  |  | — |  |  | - |  |  | — |  |  | 719.0
Principal payments on long-term debt |  | (549.3) |  |  | (2.0) |  |  | (0.9) |  |  | — |  |  | (552.2)
Dividends paid |  | (108.7) |  |  | — |  |  | — |  |  | — |  |  | (108.7)
Net intercompany borrowings |  | — |  |  | 64.4 |  |  | 55.3 |  |  | (119.7) |  |  | —
Other financing activities, net |  | (18.5) |  |  | (8.3) |  |  | — |  |  | - |  |  | (26.8)
Net cash provided by financing activities |  | 42.5 |  |  | 54.1 |  |  | 56.1 |  |  | (119.7) |  |  | 33.0
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | (1.4) |  |  | — |  |  | (1.4)
Increase (decrease) in cash and cash equivalents |  | 22.2 |  |  | (7.5) |  |  | 7.9 |  |  | — |  |  | 22.6
Cash and cash equivalents at beginning of year |  | 19.7 |  |  | (0.8) |  |  | 64.7 |  |  | — |  |  | 83.6
Cash and cash equivalents at end of year | $ | 41.9 |  | $ | (8.3) |  | $ | 72.6 |  | $ | — |  | $ | 106.2
Condensed Consolidating Cash Flow Statement For the year ended December 31, 2013 (in millions)
|  |  |  |  |  |  | Non- |  |  |  |  |  |
|  |  |  | Guarantor |  | Guarantor |  | Consolidating |  |  |
| Parent |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Consolidated
Net cash provided by operating activities | $ | 102.8 |  | $ | 458.5 |  | $ | 72.0 |  | $ | — |  | $ | 633.3
Investing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  | (14.0) |  |  | (139.9) |  |  | (14.1) |  |  | — |  |  | (168.0)
Acquisition, net of cash acquired |  | (821.1) |  |  | — |  |  | — |  |  | — |  |  | (821.1)
Net advances to subsidiaries |  | (85.3) |  |  | — |  |  | — |  |  | 85.3 |  |  | —
Other investing activities, net |  | 0.1 |  |  | 2.8 |  |  | 7.2 |  |  | — |  |  | 10.1
Net cash used in investing activities |  | (920.3) |  |  | (137.1) |  |  | (6.9) |  |  | 85.3 |  |  | (979.0)
Financing activities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net short-term debt (repayments) borrowings |  | — |  |  | (473.8) |  |  | 0.8 |  |  | — |  |  | (473.0)
Proceeds from long-term debt borrowings |  | 2,297.9 |  |  | — |  |  | — |  |  | — |  |  | 2,297.9
Principal payments on long-term debt |  | (1,452.8) |  |  | (0.6) |  |  | (1.1) |  |  | — |  |  | (1,454.5)
Dividends paid |  | (96.9) |  |  | — |  |  | — |  |  | — |  |  | (96.9)
Net intercompany (repayments) borrowings |  | — |  |  | 141.4 |  |  | (56.1) |  |  | (85.3) |  |  | —
Other financing activities, net |  | 60.9 |  |  | (2.3) |  |  | — |  |  | — |  |  | 58.6
Net cash provided by (used in) financing activities |  | 809.1 |  |  | (335.3) |  |  | (56.4) |  |  | (85.3) |  |  | 332.1
Effect of exchange rate changes on cash and cash equivalents |  | — |  |  | — |  |  | (0.4) |  |  | — |  |  | (0.4)
(Decrease) increase in cash and cash equivalents |  | (8.4) |  |  | (13.9) |  |  | 8.3 |  |  | — |  |  | (14.0)
Cash and cash equivalents at beginning of year |  | 28.1 |  |  | 13.1 |  |  | 56.4 |  |  | — |  |  | 97.6
Cash and cash equivalents at end of year | $ | 19.7 |  | $ | (0.8) |  | $ | 64.7 |  | $ | — |  | $ | 83.6

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