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Subsidiary Guarantees of Debt (Tables) | 6 Months Ended
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Jun. 30, 2015
Subsidiary Guarantees of Debt |
Schedule of Condensed Consolidating Statement of Earnings |
|  | Unaudited Condensed Consolidating Statement of Earnings |
|  | Three Months Ended June 30, 2015 |
($ in millions) |  | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales |  | $ | — |  | $ | 1,320.1 |  | $ | 863.7 |  | $ | (11.5 | ) | $ | 2,172.3 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | 0.1 |  | (1,099.5 | ) | (687.2 | ) | 11.5 |  | (1,775.1 | )
Depreciation and amortization |  | (1.3 | ) | (31.8 | ) | (38.2 | ) | — |  | (71.3 | )
Selling, general and administrative |  | (22.4 | ) | (44.8 | ) | (50.5 | ) | — |  | (117.7 | )
Business consolidation and other activities |  | 71.8 |  | (0.5 | ) | (5.7 | ) | — |  | 65.6 |
Equity in results of subsidiaries |  | 117.0 |  | 52.0 |  | — |  | (169.0 | ) | — |
Intercompany |  | 50.5 |  | (43.6 | ) | (6.9 | ) | — |  | — |
|  | 215.7 |  | (1,168.2 | ) | (788.5 | ) | (157.5 | ) | (1,898.5 | )
Earnings (loss) before interest and taxes |  | 215.7 |  | 151.9 |  | 75.2 |  | (169.0 | ) | 273.8 |
Interest expense |  | (28.7 | ) | 0.8 |  | (3.1 | ) | — |  | (31.0 | )
Debt refinancing and other costs |  | (3.7 | ) | — |  | (1.3 | ) | — |  | (5.0 | )
Total interest expense |  | (32.4 | ) | 0.8 |  | (4.4 | ) | — |  | (36.0 | )
Earnings (loss) before taxes |  | 183.3 |  | 152.7 |  | 70.8 |  | (169.0 | ) | 237.8 |
Tax provision |  | (22.9 | ) | (37.3 | ) | (18.2 | ) | — |  | (78.4 | )
Equity in results of affiliates, net of tax |  | — |  | 0.7 |  | 0.7 |  | — |  | 1.4 |
Net earnings (loss) |  | 160.4 |  | 116.1 |  | 53.3 |  | (169.0 | ) | 160.8 |
Less net earnings attributable to noncontrolling interests |  | — |  | — |  | (0.4 | ) | — |  | (0.4 | )
Net earnings (loss) attributable to Ball Corporation |  | $ | 160.4 |  | $ | 116.1 |  | $ | 52.9 |  | $ | (169.0 | ) | $ | 160.4 |
Comprehensive earnings (loss) attributable to Ball Corporation |  | $ | 198.9 |  | $ | 153.4 |  | $ | 87.3 |  | $ | (240.7 | ) | $ | 198.9 |
|  | Unaudited Condensed Consolidating Statement of Earnings |
|  | Three Months Ended June 30, 2014 |
($ in millions) |  | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales |  | $ | — |  | $ | 1,350.6 |  | $ | 946.5 |  | $ | (5.2 | ) | $ | 2,291.9 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  | (1,112.8 | ) | (738.8 | ) | 5.2 |  | (1,846.4 | )
Depreciation and amortization |  | (1.5 | ) | (30.9 | ) | (37.2 | ) | — |  | (69.6 | )
Selling, general and administrative |  | (12.0 | ) | (44.8 | ) | (54.6 | ) | — |  | (111.4 | )
Business consolidation and other activities |  | (0.4 | ) | (7.1 | ) | (1.1 | ) | — |  | (8.6 | )
Equity in results of subsidiaries |  | 154.8 |  | 79.4 |  | — |  | (234.2 | ) | — |
Intercompany |  | 51.9 |  | (42.6 | ) | (9.3 | ) | — |  | — |
|  | 192.8 |  | (1,158.8 | ) | (841.0 | ) | (229.0 | ) | (2,036.0 | )
Earnings (loss) before interest and taxes |  | 192.8 |  | 191.8 |  | 105.5 |  | (234.2 | ) | 255.9 |
Total interest expense |  | (37.5 | ) | 0.6 |  | (3.7 | ) | — |  | (40.6 | )
Earnings (loss) before taxes |  | 155.3 |  | 192.4 |  | 101.8 |  | (234.2 | ) | 215.3 |
Tax provision |  | (2.2 | ) | (33.3 | ) | (24.7 | ) | — |  | (60.2 | )
Equity in results of affiliates, net of tax |  | — |  | 0.7 |  | 0.5 |  | — |  | 1.2 |
Net earnings (loss) |  | 153.1 |  | 159.8 |  | 77.6 |  | (234.2 | ) | 156.3 |
Less net earnings attributable to noncontrolling interests |  | — |  | — |  | (3.2 | ) | — |  | (3.2 | )
Net earnings (loss) attributable to Ball Corporation |  | $ | 153.1 |  | $ | 159.8 |  | $ | 74.4 |  | $ | (234.2 | ) | $ | 153.1 |
Comprehensive earnings (loss) attributable to Ball Corporation |  | $ | 165.7 |  | $ | 171.0 |  | $ | 78.5 |  | $ | (249.5 | ) | $ | 165.7 |
|  | Unaudited Condensed Consolidating Statement of Earnings |
|  | Six Months Ended June 30, 2015 |
($ in millions) |  | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales |  | $ | — |  | $ | 2,464.6 |  | $ | 1,652.8 |  | $ | (22.0 | ) | $ | 4,095.4 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | 0.1 |  | (2,046.2 | ) | (1,311.9 | ) | 22.0 |  | (3,336.0 | )
Depreciation and amortization |  | (2.6 | ) | (63.9 | ) | (73.1 | ) | — |  | (139.6 | )
Selling, general and administrative |  | (46.3 | ) | (85.1 | ) | (102.3 | ) | — |  | (233.7 | )
Business consolidation and other activities |  | 23.6 |  | (0.7 | ) | (9.3 | ) | — |  | 13.6 |
Equity in results of subsidiaries |  | 211.7 |  | 91.8 |  | — |  | (303.5 | ) | — |
Intercompany |  | 102.0 |  | (85.8 | ) | (16.2 | ) | — |  | — |
|  | 288.5 |  | (2,189.9 | ) | (1,512.8 | ) | (281.5 | ) | (3,695.7 | )
Earnings (loss) before interest and taxes |  | 288.5 |  | 274.7 |  | 140.0 |  | (303.5 | ) | 399.7 |
Interest expense |  | (66.1 | ) | 2.4 |  | (5.8 | ) | — |  | (69.5 | )
Debt refinancing and other costs |  | (63.0 | ) | — |  | (1.9 | ) | — |  | (64.9 | )
Total interest expense |  | (129.1 | ) | 2.4 |  | (7.7 | ) | — |  | (134.4 | )
Earnings (loss) before taxes |  | 159.4 |  | 277.1 |  | 132.3 |  | (303.5 | ) | 265.3 |
Tax provision |  | 21.7 |  | (68.3 | ) | (32.3 | ) | — |  | (78.9 | )
Equity in results of affiliates, net of tax |  | — |  | 0.9 |  | 1.0 |  | — |  | 1.9 |
Net earnings (loss) |  | 181.1 |  | 209.7 |  | 101.0 |  | (303.5 | ) | 188.3 |
Less net earnings attributable to noncontrolling interests |  | — |  | — |  | (7.2 | ) | — |  | (7.2 | )
Net earnings (loss) attributable to Ball Corporation |  | $ | 181.1 |  | $ | 209.7 |  | $ | 93.8 |  | $ | (303.5 | ) | $ | 181.1 |
Comprehensive earnings attributable to Ball Corporation |  | $ | 99.5 |  | $ | 125.9 |  | $ | 7.0 |  | $ | (132.9 | ) | $ | 99.5 |
|  | Unaudited Condensed Consolidating Statement of Earnings |
|  | Six Months Ended June 30, 2014 |
($ in millions) |  | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
Net sales |  | $ | — |  | $ | 2,522.4 |  | $ | 1,784.3 |  | $ | (8.0 | ) | $ | 4,298.7 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | (0.1 | ) | (2,084.9 | ) | (1,382.3 | ) | 8.0 |  | (3,459.3 | )
Depreciation and amortization |  | (3.0 | ) | (61.7 | ) | (73.7 | ) | — |  | (138.4 | )
Selling, general and administrative |  | (34.7 | ) | (88.3 | ) | (96.1 | ) | — |  | (219.1 | )
Business consolidation and other activities |  | (1.0 | ) | (10.9 | ) | 3.3 |  | — |  | (8.6 | )
Equity in results of subsidiaries |  | 289.4 |  | 160.9 |  | — |  | (450.3 | ) | — |
Intercompany |  | 99.2 |  | (85.7 | ) | (13.5 | ) | — |  | — |
|  | 349.8 |  | (2,170.6 | ) | (1,562.3 | ) | (442.3 | ) | (3,825.4 | )
Earnings (loss) before interest and taxes |  | 349.8 |  | 351.8 |  | 222.0 |  | (450.3 | ) | 473.3 |
Interest expense |  | (75.5 | ) | 1.1 |  | (6.4 | ) | — |  | (80.8 | )
Debt refinancing and other costs |  | (33.1 | ) | — |  | — |  | — |  | (33.1 | )
Total interest expense |  | (108.6 | ) | 1.1 |  | (6.4 | ) | — |  | (113.9 | )
Earnings (loss) before taxes |  | 241.2 |  | 352.9 |  | 215.6 |  | (450.3 | ) | 359.4 |
Tax provision |  | 5.4 |  | (58.4 | ) | (46.8 | ) | — |  | (99.8 | )
Equity in results of affiliates, net of tax |  | — |  | 0.9 |  | 0.7 |  | — |  | 1.6 |
Net earnings (loss) |  | 246.6 |  | 295.4 |  | 169.5 |  | (450.3 | ) | 261.2 |
Less net earnings attributable to noncontrolling interests |  | — |  | — |  | (14.6 | ) | — |  | (14.6 | )
Net earnings (loss) attributable to |  |  |  |  |  |  |  |  |  |  |
Ball Corporation |  | $ | 246.6 |  | $ | 295.4 |  | $ | 154.9 |  | $ | (450.3 | ) | $ | 246.6 |
Comprehensive earnings attributable to Ball Corporation |  | $ | 243.4 |  | $ | 290.3 |  | $ | 141.0 |  | $ | (431.3 | ) | $ | 243.4 |
Schedule of Condensed Consolidating Balance Sheet |
|  | Unaudited Condensed Consolidating Balance Sheet |
|  | June 30, 2015 |
($ in millions) |  | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2.6 |  | $ | — |  | $ | 224.7 |  | $ | — |  | $ | 227.3 |
Receivables, net |  | 12.0 |  | 281.2 |  | 898.8 |  | — |  | 1,192.0 |
Intercompany receivables |  | 220.1 |  | 105.9 |  | 2.0 |  | (328.0 | ) | — |
Inventories, net |  | — |  | 538.9 |  | 390.1 |  | — |  | 929.0 |
Deferred taxes and other current assets |  | 37.1 |  | 77.9 |  | 41.8 |  | — |  | 156.8 |
Total current assets |  | 271.8 |  | 1,003.9 |  | 1,557.4 |  | (328.0 | ) | 2,505.1 |
Noncurrent assets |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | 14.4 |  | 999.7 |  | 1,469.3 |  | — |  | 2,483.4 |
Investment in subsidiaries |  | 2,846.0 |  | 2,214.9 |  | 78.6 |  | (5,139.5 | ) | — |
Goodwill |  | — |  | 966.5 |  | 1,242.7 |  | — |  | 2,209.2 |
Intangibles and other assets, net |  | 314.9 |  | 105.1 |  | 235.2 |  | — |  | 655.2 |
Total assets |  | $ | 3,447.1 |  | $ | 5,290.1 |  | $ | 4,583.2 |  | $ | (5,467.5 | ) | $ | 7,852.9 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |
Short-term debt and current portion of long-term debt |  | $ | 114.7 |  | $ | 0.2 |  | $ | 163.3 |  | $ | — |  | $ | 278.2 |
Accounts payable |  | 7.3 |  | 799.3 |  | 637.8 |  | — |  | 1,444.4 |
Intercompany payables |  | 99.7 |  | 1.0 |  | 228.1 |  | (328.8 | ) | — |
Accrued employee costs |  | 14.7 |  | 103.6 |  | 74.4 |  | — |  | 192.7 |
Other current liabilities |  | 78.4 |  | 56.5 |  | 142.1 |  | — |  | 277.0 |
Total current liabilities |  | 314.8 |  | 960.6 |  | 1,245.7 |  | (328.8 | ) | 2,192.3 |
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 2,842.1 |  | 0.2 |  | 139.8 |  | — |  | 2,982.1 |
Employee benefit obligations |  | 332.4 |  | 452.1 |  | 382.0 |  | — |  | 1,166.5 |
Intercompany long-term notes |  | (1,087.6 | ) | 803.3 |  | 283.5 |  | 0.8 |  | — |
Deferred taxes and other liabilities |  | (93.2 | ) | 158.4 |  | 104.0 |  | — |  | 169.2 |
Total liabilities |  | 2,308.5 |  | 2,374.6 |  | 2,155.0 |  | (328.0 | ) | 6,510.1 |
Common stock |  | 1,160.4 |  | 1,856.6 |  | 534.0 |  | (2,390.6 | ) | 1,160.4 |
Preferred stock |  | — |  | — |  | 4.8 |  | (4.8 | ) | — |
Retained earnings |  | 4,492.7 |  | 1,599.1 |  | 1,933.7 |  | (3,532.8 | ) | 4,492.7 |
Accumulated other comprehensive earnings (loss) |  | (603.7 | ) | (540.2 | ) | (248.5 | ) | 788.7 |  | (603.7 | )
Treasury stock, at cost |  | (3,910.8 | ) | — |  | — |  | — |  | (3,910.8 | )
Total Ball Corporation shareholders’ equity |  | 1,138.6 |  | 2,915.5 |  | 2,224.0 |  | (5,139.5 | ) | 1,138.6 |
Noncontrolling interests |  | — |  | — |  | 204.2 |  | — |  | 204.2 |
Total shareholders’ equity |  | 1,138.6 |  | 2,915.5 |  | 2,428.2 |  | (5,139.5 | ) | 1,342.8 |
Total liabilities and shareholders’ equity |  | $ | 3,447.1 |  | $ | 5,290.1 |  | $ | 4,583.2 |  | $ | (5,467.5 | ) | $ | 7,852.9 |
|  | Unaudited Condensed Consolidating Balance Sheet |
|  | December 31, 2014 |
($ in millions) |  | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminating Adjustments |  | Consolidated Total |
ASSETS |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1.5 |  | $ | 0.4 |  | $ | 189.5 |  | $ | — |  | $ | 191.4 |
Receivables, net |  | 43.7 |  | 241.3 |  | 672.1 |  | — |  | 957.1 |
Intercompany receivables |  | 94.0 |  | 99.9 |  | 4.3 |  | (198.2 | ) | — |
Inventories, net |  | — |  | 575.0 |  | 441.7 |  | — |  | 1,016.7 |
Deferred taxes and other current assets |  | 3.1 |  | 75.1 |  | 70.1 |  | — |  | 148.3 |
Total current assets |  | 142.3 |  | 991.7 |  | 1,377.7 |  | (198.2 | ) | 2,313.5 |
Noncurrent assets |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | 15.1 |  | 968.0 |  | 1,447.6 |  | — |  | 2,430.7 |
Investment in subsidiaries |  | 3,152.7 |  | 2,212.2 |  | 78.6 |  | (5,443.5 | ) | — |
Goodwill |  | — |  | 931.0 |  | 1,323.5 |  | — |  | 2,254.5 |
Intangibles and other assets, net |  | 232.4 |  | 93.5 |  | 246.4 |  | — |  | 572.3 |
Total assets |  | $ | 3,542.5 |  | $ | 5,196.4 |  | $ | 4,473.8 |  | $ | (5,641.7 | ) | $ | 7,571.0 |
LIABILITIES AND SHAREHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |
Short-term debt and current portion of long-term debt |  | $ | 1.9 |  | $ | 7.6 |  | $ | 165.6 |  | $ | — |  | $ | 175.1 |
Accounts payable |  | 7.1 |  | 732.5 |  | 600.4 |  | — |  | 1,340.0 |
Intercompany payables |  | 99.7 |  | 1.5 |  | 97.0 |  | (198.2 | ) | — |
Accrued employee costs |  | 22.3 |  | 155.6 |  | 92.0 |  | — |  | 269.9 |
Other current liabilities |  | 51.6 |  | 38.0 |  | 132.2 |  | — |  | 221.8 |
Total current liabilities |  | 182.6 |  | 935.2 |  | 1,087.2 |  | (198.2 | ) | 2,006.8 |
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 2,750.0 |  | 0.2 |  | 243.6 |  | — |  | 2,993.8 |
Employee benefit obligations |  | 329.4 |  | 432.7 |  | 416.2 |  | — |  | 1,178.3 |
Intercompany long-term notes |  | (646.4 | ) | 463.1 |  | 183.3 |  | — |  | — |
Deferred taxes and other liabilities |  | (106.2 | ) | 138.7 |  | 120.0 |  | — |  | 152.5 |
Total liabilities |  | 2,509.4 |  | 1,969.9 |  | 2,050.3 |  | (198.2 | ) | 6,331.4 |
Common stock |  | 1,131.3 |  | 2,293.5 |  | 534.0 |  | (2,827.5 | ) | 1,131.3 |
Preferred stock |  | — |  | — |  | 4.8 |  | (4.8 | ) | — |
Retained earnings |  | 4,346.9 |  | 1,389.4 |  | 1,839.9 |  | (3,229.3 | ) | 4,346.9 |
Accumulated other comprehensive earnings (loss) |  | (522.1 | ) | (456.4 | ) | (161.7 | ) | 618.1 |  | (522.1 | )
Treasury stock, at cost |  | (3,923.0 | ) | — |  | — |  | — |  | (3,923.0 | )
Total Ball Corporation shareholders’ equity |  | 1,033.1 |  | 3,226.5 |  | 2,217.0 |  | (5,443.5 | ) | 1,033.1 |
Noncontrolling interests |  | — |  | — |  | 206.5 |  | — |  | 206.5 |
Total shareholders’ equity |  | 1,033.1 |  | 3,226.5 |  | 2,423.5 |  | (5,443.5 | ) | 1,239.6 |
Total liabilities and shareholders’ equity |  | $ | 3,542.5 |  | $ | 5,196.4 |  | $ | 4,473.8 |  | $ | (5,641.7 | ) | $ | 7,571.0 |
Schedule of Condensed Consolidating Statement of Cash Flows |
|  | Unaudited Condensed Consolidating Statement of Cash Flows |
|  | Six Months Ended June 30, 2015 |
($ in millions) |  | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total |
Cash provided by (used in) operating activities |  | $ | (31.9 | ) | $ | 226.2 |  | $ | 17.4 |  | $ | 211.7 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Capital expenditures |  | (4.1 | ) | (98.6 | ) | (125.0 | ) | (227.7 | )
Business acquisition, net of cash acquired |  | — |  | (29.1 | ) | — |  | (29.1 | )
Other, net |  | 8.9 |  | 12.3 |  | 0.4 |  | 21.6 |
Cash provided by (used in) investing activities |  | 4.8 |  | (115.4 | ) | (124.6 | ) | (235.2 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Long-term borrowings |  | 2,300.0 |  | — |  | 15.0 |  | 2,315.0 |
Repayments of long-term borrowings |  | (2,200.3 | ) | — |  | (107.8 | ) | (2,308.1 | )
Net change in short-term borrowings |  | 112.1 |  | (7.4 | ) | 0.8 |  | 105.5 |
Proceeds from issuances of common stock |  | 18.9 |  | — |  | — |  | 18.9 |
Acquisitions of treasury stock |  | (3.3 | ) | — |  | — |  | (3.3 | )
Common dividends |  | (36.1 | ) | — |  | — |  | (36.1 | )
Intercompany |  | (130.3 | ) | (103.4 | ) | 233.7 |  | — |
Other, net |  | (31.6 | ) | (0.4 | ) | (9.0 | ) | (41.0 | )
Cash provided by (used in) financing activities |  | 29.4 |  | (111.2 | ) | 132.7 |  | 50.9 |
Effect of exchange rate changes on cash |  | (1.2 | ) | — |  | 9.7 |  | 8.5 |
Change in cash and cash equivalents |  | 1.1 |  | (0.4 | ) | 35.2 |  | 35.9 |
Cash and cash equivalents — beginning of period |  | 1.5 |  | 0.4 |  | 189.5 |  | 191.4 |
Cash and cash equivalents — end of period |  | $ | 2.6 |  | $ | — |  | $ | 224.7 |  | $ | 227.3 |
|  | Unaudited Condensed Consolidating Statement of Cash Flows |
|  | Six Months Ended June 30, 2014 |
($ in millions) |  | Ball Corporation |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidated Total |
Cash provided by (used in) operating activities |  | $ | (19.3 | ) | $ | 204.9 |  | $ | 24.4 |  | $ | 210.0 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Capital expenditures |  | (6.0 | ) | (57.9 | ) | (71.4 | ) | (135.3 | )
Other, net |  | 0.7 |  | 2.7 |  | 7.8 |  | 11.2 |
Cash provided by (used in) investing activities |  | (5.3 | ) | (55.2 | ) | (63.6 | ) | (124.1 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Long-term borrowings |  | 375.0 |  | — |  | 21.9 |  | 396.9 |
Repayments of long-term borrowings |  | (640.4 | ) | (0.3 | ) | (121.1 | ) | (761.8 | )
Net change in short-term borrowings |  | 49.0 |  | 5.8 |  | 237.9 |  | 292.7 |
Proceeds from issuances of common stock |  | 18.6 |  | — |  | — |  | 18.6 |
Acquisitions of treasury stock |  | (257.1 | ) | — |  | — |  | (257.1 | )
Common dividends |  | (36.8 | ) | — |  | — |  | (36.8 | )
Intercompany |  | 292.7 |  | (155.2 | ) | (137.5 | ) | — |
Other, net |  | 9.5 |  | — |  | (6.0 | ) | 3.5 |
Cash provided by (used in) financing activities |  | (189.5 | ) | (149.7 | ) | (4.8 | ) | (344.0 | )
Effect of exchange rate changes on cash |  | (0.2 | ) | — |  | (2.4 | ) | (2.6 | )
Change in cash and cash equivalents |  | (214.3 | ) | — |  | (46.4 | ) | (260.7 | )
Cash and cash equivalents — beginning of period |  | 218.6 |  | 0.3 |  | 197.1 |  | 416.0 |
Cash and cash equivalents — end of period |  | $ | 4.3 |  | $ | 0.3 |  | $ | 150.7 |  | $ | 155.3 |

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