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Subsidiary Guarantees of Debt (Tables) | 9 Months Ended
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Sep. 30, 2015
Subsidiary Guarantees of Debt |
Schedule of Condensed Consolidating Statement of Earnings |
|  | Unaudited Condensed Consolidating Statement of Earnings |
|  | Three Months Ended September 30, 2015 |
|  | Ball |  | Guarantor |  | Non-Guarantor |  | Eliminating |  | Consolidated |
($ in millions) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Total |
Net sales |  | $ | — |  | $ | 1,264.4 |  | $ | 845.7 |  | $ | (13.1 | ) | $ | 2,097.0 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  | (1,039.4 | ) | (664.0 | ) | 13.1 |  | (1,690.3 | )
Depreciation and amortization |  | (1.5 | ) | (33.8 | ) | (36.6 | ) | — |  | (71.9 | )
Selling, general and administrative |  | (14.1 | ) | (44.7 | ) | (48.0 | ) | — |  | (106.8 | )
Business consolidation and other activities |  | (129.2 | ) | (20.0 | ) | (2.7 | ) | — |  | (151.9 | )
Equity in results of subsidiaries |  | 128.8 |  | 63.4 |  | — |  | (192.2 | ) | — |
Intercompany |  | 51.5 |  | (44.8 | ) | (6.7 | ) | — |  | — |
|  | 35.5 |  | (1,119.3 | ) | (758.0 | ) | (179.1 | ) | (2,020.9 | )
Earnings (loss) before interest and taxes |  | 35.5 |  | 145.1 |  | 87.7 |  | (192.2 | ) | 76.1 |
Interest expense |  | (36.6 | ) | 1.5 |  | (2.4 | ) | — |  | (37.5 | )
Debt refinancing and other costs |  | (21.0 | ) | — |  | — |  | — |  | (21.0 | )
Total interest expense |  | (57.6 | ) | 1.5 |  | (2.4 | ) | — |  | (58.5 | )
Earnings (loss) before taxes |  | (22.1 | ) | 146.6 |  | 85.3 |  | (192.2 | ) | 17.6 |
Tax (provision) benefit |  | 66.6 |  | (19.9 | ) | (15.7 | ) | — |  | 31.0 |
Equity in results of affiliates, net of tax |  | — |  | 0.6 |  | 0.9 |  | — |  | 1.5 |
Net earnings (loss) |  | 44.5 |  | 127.3 |  | 70.5 |  | (192.2 | ) | 50.1 |
Less net earnings attributable to noncontrolling interests |  | — |  | — |  | (5.6 | ) | — |  | (5.6 | )
Net earnings (loss) attributable to Ball Corporation |  | $ | 44.5 |  | $ | 127.3 |  | $ | 64.9 |  | $ | (192.2 | ) | $ | 44.5 |
Comprehensive earnings (loss) attributable to Ball Corporation |  | $ | 28.1 |  | $ | 109.9 |  | $ | 48.1 |  | $ | (158.0 | ) | $ | 28.1 |
|  | Unaudited Condensed Consolidating Statement of Earnings |
|  | Three Months Ended September 30, 2014 |
|  | Ball |  | Guarantor |  | Non-Guarantor |  | Eliminating |  | Consolidated |
($ in millions) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Total |
Net sales |  | $ | — |  | $ | 1,363.0 |  | $ | 878.1 |  | $ | (2.2 | ) | $ | 2,238.9 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | — |  | (1,124.5 | ) | (685.0 | ) | 2.2 |  | (1,807.3 | )
Depreciation and amortization |  | (1.6 | ) | (33.2 | ) | (36.5 | ) | — |  | (71.3 | )
Selling, general and administrative |  | (22.6 | ) | (45.9 | ) | (54.6 | ) | — |  | (123.1 | )
Business consolidation and other activities |  | (2.8 | ) | (3.1 | ) | (3.3 | ) | — |  | (9.2 | )
Equity in results of subsidiaries |  | 137.2 |  | 69.7 |  | — |  | (206.9 | ) | — |
Intercompany |  | 52.4 |  | (45.6 | ) | (6.8 | ) | — |  | — |
|  | 162.6 |  | (1,182.6 | ) | (786.2 | ) | (204.7 | ) | (2,010.9 | )
Earnings (loss) before interest and taxes |  | 162.6 |  | 180.4 |  | 91.9 |  | (206.9 | ) | 228.0 |
Total interest (expense) |  | (37.1 | ) | 0.9 |  | (3.9 | ) | — |  | (40.1 | )
Earnings (loss) before taxes |  | 125.5 |  | 181.3 |  | 88.0 |  | (206.9 | ) | 187.9 |
Tax (provision) benefit |  | 21.9 |  | (45.7 | ) | (16.0 | ) | — |  | (39.8 | )
Equity in results of affiliates, net of tax |  | — |  | 0.5 |  | (0.2 | ) | — |  | 0.3 |
Net earnings (loss) |  | 147.4 |  | 136.1 |  | 71.8 |  | (206.9 | ) | 148.4 |
Less net earnings attributable to noncontrolling interests |  | — |  | — |  | (1.0 | ) | — |  | (1.0 | )
Net earnings (loss) attributable to Ball Corporation |  | $ | 147.4 |  | $ | 136.1 |  | $ | 70.8 |  | $ | (206.9 | ) | $ | 147.4 |
Comprehensive earnings (loss) attributable to Ball Corporation |  | $ | 75.0 |  | $ | 62.2 |  | $ | (1.8 | ) | $ | (60.4 | ) | $ | 75.0 |
|  | Unaudited Condensed Consolidating Statement of Earnings |
|  | Nine Months Ended September 30, 2015 |
|  | Ball |  | Guarantor |  | Non-Guarantor |  | Eliminating |  | Consolidated |
($ in millions) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Total |
Net sales |  | $ | — |  | $ | 3,729.0 |  | $ | 2,498.5 |  | $ | (35.1 | ) | $ | 6,192.4 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | 0.1 |  | (3,085.6 | ) | (1,975.9 | ) | 35.1 |  | (5,026.3 | )
Depreciation and amortization |  | (4.1 | ) | (97.7 | ) | (109.7 | ) | — |  | (211.5 | )
Selling, general and administrative |  | (60.4 | ) | (129.8 | ) | (150.3 | ) | — |  | (340.5 | )
Business consolidation and other activities |  | (105.6 | ) | (20.7 | ) | (12.0 | ) | — |  | (138.3 | )
Equity in results of subsidiaries |  | 340.5 |  | 155.2 |  | — |  | (495.7 | ) | — |
Intercompany |  | 153.5 |  | (130.6 | ) | (22.9 | ) | — |  | — |
|  | 324.0 |  | (3,309.2 | ) | (2,270.8 | ) | (460.6 | ) | (5,716.6 | )
Earnings (loss) before interest and taxes |  | 324.0 |  | 419.8 |  | 227.7 |  | (495.7 | ) | 475.8 |
Interest expense |  | (102.7 | ) | 3.9 |  | (8.2 | ) | — |  | (107.0 | )
Debt refinancing and other costs |  | (84.0 | ) | — |  | (1.9 | ) | — |  | (85.9 | )
Total interest expense |  | (186.7 | ) | 3.9 |  | (10.1 | ) | — |  | (192.9 | )
Earnings (loss) before taxes |  | 137.3 |  | 423.7 |  | 217.6 |  | (495.7 | ) | 282.9 |
Tax (provision) benefit |  | 88.3 |  | (88.2 | ) | (48.0 | ) | — |  | (47.9 | )
Equity in results of affiliates, net of tax |  | — |  | 1.5 |  | 1.9 |  | — |  | 3.4 |
Net earnings (loss) |  | 225.6 |  | 337.0 |  | 171.5 |  | (495.7 | ) | 238.4 |
Less net earnings attributable to noncontrolling interests |  | — |  | — |  | (12.8 | ) | — |  | (12.8 | )
Net earnings (loss) attributable to Ball Corporation |  | $ | 225.6 |  | $ | 337.0 |  | $ | 158.7 |  | $ | (495.7 | ) | $ | 225.6 |
Comprehensive earnings attributable to Ball Corporation |  | $ | 127.6 |  | $ | 235.8 |  | $ | 55.1 |  | $ | (290.9 | ) | $ | 127.6 |
|  | Unaudited Condensed Consolidating Statement of Earnings |
|  | Nine Months Ended September 30, 2014 |
|  | Ball |  | Guarantor |  | Non-Guarantor |  | Eliminating |  | Consolidated |
($ in millions) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Total |
Net sales |  | $ | — |  | $ | 3,885.4 |  | $ | 2,662.4 |  | $ | (10.2 | ) | $ | 6,537.6 |
Cost and expenses |  |  |  |  |  |  |  |  |  |  |
Cost of sales (excluding depreciation and amortization) |  | (0.1 | ) | (3,209.4 | ) | (2,067.3 | ) | 10.2 |  | (5,266.6 | )
Depreciation and amortization |  | (4.6 | ) | (94.9 | ) | (110.2 | ) | — |  | (209.7 | )
Selling, general and administrative |  | (57.3 | ) | (134.2 | ) | (150.7 | ) | — |  | (342.2 | )
Business consolidation and other activities |  | (3.8 | ) | (14.0 | ) | — |  | — |  | (17.8 | )
Equity in results of subsidiaries |  | 426.6 |  | 230.6 |  | — |  | (657.2 | ) | — |
Intercompany |  | 151.6 |  | (131.3 | ) | (20.3 | ) | — |  | — |
|  | 512.4 |  | (3,353.2 | ) | (2,348.5 | ) | (647.0 | ) | (5,836.3 | )
Earnings (loss) before interest and taxes |  | 512.4 |  | 532.2 |  | 313.9 |  | (657.2 | ) | 701.3 |
Total interest (expense) |  | (112.6 | ) | 2.0 |  | (10.3 | ) | — |  | (120.9 | )
Debt refinancing and other costs |  | (33.1 | ) | — |  | — |  | — |  | (33.1 | )
Total interest expense |  | (145.7 | ) | 2.0 |  | (10.3 | ) | — |  | (154.0 | )
Earnings (loss) before taxes |  | 366.7 |  | 534.2 |  | 303.6 |  | (657.2 | ) | 547.3 |
Tax (provision) benefit |  | 27.3 |  | (104.1 | ) | (62.8 | ) | — |  | (139.6 | )
Equity in results of affiliates, net of tax |  | — |  | 1.4 |  | 0.5 |  | — |  | 1.9 |
Net earnings (loss) |  | 394.0 |  | 431.5 |  | 241.3 |  | (657.2 | ) | 409.6 |
Less net earnings attributable to noncontrolling interests |  | — |  | — |  | (15.6 | ) | — |  | (15.6 | )
Net earnings (loss) attributable to Ball Corporation |  | $ | 394.0 |  | $ | 431.5 |  | $ | 225.7 |  | $ | (657.2 | ) | $ | 394.0 |
Comprehensive earnings attributable to Ball Corporation |  | $ | 318.4 |  | $ | 352.5 |  | $ | 139.2 |  | $ | (491.7 | ) | $ | 318.4 |
Schedule of Condensed Consolidating Balance Sheet |
|  | Unaudited Condensed Consolidating Balance Sheet |
|  | September 30, 2015 |
|  | Ball |  | Guarantor |  | Non-Guarantor |  | Eliminating |  | Consolidated |
($ in millions) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 4.3 |  | $ | 0.1 |  | $ | 240.0 |  | $ | — |  | $ | 244.4 |
Receivables, net |  | 13.3 |  | 255.6 |  | 828.9 |  | — |  | 1,097.8 |
Intercompany receivables |  | 158.2 |  | 108.7 |  | 1.5 |  | (268.4 | ) | — |
Inventories, net |  | — |  | 502.7 |  | 373.3 |  | — |  | 876.0 |
Deferred taxes and other current assets |  | 43.1 |  | 77.7 |  | 43.6 |  | — |  | 164.4 |
Total current assets |  | 218.9 |  | 944.8 |  | 1,487.3 |  | (268.4 | ) | 2,382.6 |
Noncurrent assets |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | 13.8 |  | 1,006.4 |  | 1,527.1 |  | — |  | 2,547.3 |
Investment in subsidiaries |  | 3,400.6 |  | 2,254.8 |  | 78.6 |  | (5,734.0 | ) | — |
Goodwill |  | — |  | 966.5 |  | 1,237.6 |  | — |  | 2,204.1 |
Intangibles and other assets, net |  | 259.4 |  | 100.5 |  | 233.1 |  | — |  | 593.0 |
Total assets |  | $ | 3,892.7 |  | $ | 5,273.0 |  | $ | 4,563.7 |  | $ | (6,002.4 | ) | $ | 7,727.0 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |
Short-term debt and current portion of long-term debt |  | $ | 23.7 |  | $ | 0.2 |  | $ | 259.0 |  | $ | — |  | $ | 282.9 |
Accounts payable |  | 11.2 |  | 796.1 |  | 644.1 |  | — |  | 1,451.4 |
Intercompany payables |  | 99.5 |  | (0.1 | ) | 168.8 |  | (268.2 | ) | — |
Accrued employee costs |  | 24.3 |  | 108.2 |  | 80.8 |  | — |  | 213.3 |
Other current liabilities |  | 135.7 |  | 71.9 |  | 124.4 |  | — |  | 332.0 |
Total current liabilities |  | 294.4 |  | 976.3 |  | 1,277.1 |  | (268.2 | ) | 2,279.6 |
Noncurrent liabilities |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 2,742.9 |  | 0.2 |  | 136.3 |  | — |  | 2,879.4 |
Employee benefit obligations |  | 315.4 |  | 466.1 |  | 378.0 |  | — |  | 1,159.5 |
Intercompany long-term notes |  | (405.3 | ) | 218.7 |  | 186.6 |  | — |  | — |
Deferred taxes and other liabilities |  | (88.4 | ) | 149.3 |  | 104.2 |  | — |  | 165.1 |
Total liabilities |  | 2,859.0 |  | 1,810.6 |  | 2,082.2 |  | (268.2 | ) | 6,483.6 |
Common stock |  | 1,171.3 |  | 852.2 |  | 533.7 |  | (1,385.9 | ) | 1,171.3 |
Preferred stock |  | — |  | — |  | 4.8 |  | (4.8 | ) | — |
Retained earnings |  | 4,519.6 |  | 3,167.8 |  | 1,998.6 |  | (5,166.4 | ) | 4,519.6 |
Accumulated other comprehensive earnings (loss) |  | (620.1 | ) | (557.6 | ) | (265.3 | ) | 822.9 |  | (620.1 | )
Treasury stock, at cost |  | (4,037.1 | ) | — |  | — |  | — |  | (4,037.1 | )
Total Ball Corporation shareholders’ equity |  | 1,033.7 |  | 3,462.4 |  | 2,271.8 |  | (5,734.2 | ) | 1,033.7 |
Noncontrolling interests |  | — |  | — |  | 209.7 |  | — |  | 209.7 |
Total shareholders’ equity |  | 1,033.7 |  | 3,462.4 |  | 2,481.5 |  | (5,734.2 | ) | 1,243.4 |
Total liabilities and shareholders’ equity |  | $ | 3,892.7 |  | $ | 5,273.0 |  | $ | 4,563.7 |  | $ | (6,002.4 | ) | $ | 7,727.0 |
|  | Unaudited Condensed Consolidating Balance Sheet |
|  | December 31, 2014 |
|  | Ball |  | Guarantor |  | Non-Guarantor |  | Eliminating |  | Consolidated |
($ in millions) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Adjustments |  | 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 |
|  | Nine Months Ended September 30, 2015 |
|  | Ball |  | Guarantor |  | Non-Guarantor |  | Consolidated |
($ in millions) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Total |
Cash provided by (used in) operating activities |  | $ | 6.6 |  | $ | 419.5 |  | $ | 170.9 |  | $ | 597.0 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Capital expenditures |  | (5.4 | ) | (140.8 | ) | (210.6 | ) | (356.8 | )
Business acquisitions |  | — |  | (29.1 | ) | — |  | (29.1 | )
Other, net |  | 5.1 |  | 12.7 |  | 0.5 |  | 18.3 |
Cash provided by (used in) investing activities |  | (0.3 | ) | (157.2 | ) | (210.1 | ) | (367.6 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Long-term borrowings |  | 2,300.0 |  | — |  | 15.0 |  | 2,315.0 |
Repayments of long-term borrowings |  | (2,300.5 | ) | — |  | (107.9 | ) | (2,408.4 | )
Net change in short-term borrowings |  | 21.1 |  | (7.4 | ) | 97.3 |  | 111.0 |
Proceeds from issuances of common stock |  | 26.3 |  | — |  | — |  | 26.3 |
Acquisitions of treasury stock |  | (135.5 | ) | — |  | — |  | (135.5 | )
Common dividends |  | (54.0 | ) | — |  | — |  | (54.0 | )
Intercompany |  | 176.3 |  | (254.3 | ) | 78.0 |  | — |
Other, net |  | (30.1 | ) | (0.9 | ) | (9.2 | ) | (40.2 | )
Cash provided by (used in) financing activities |  | 3.6 |  | (262.6 | ) | 73.2 |  | (185.8 | )
Effect of exchange rate changes on cash |  | (7.1 | ) | — |  | 16.5 |  | 9.4 |
Change in cash and cash equivalents |  | 2.8 |  | (0.3 | ) | 50.5 |  | 53.0 |
Cash and cash equivalents — beginning of period |  | 1.5 |  | 0.4 |  | 189.5 |  | 191.4 |
Cash and cash equivalents — end of period |  | $ | 4.3 |  | $ | 0.1 |  | $ | 240.0 |  | $ | 244.4 |
|  | Unaudited Condensed Consolidating Statement of Cash Flows |
|  | Nine Months Ended September 30, 2014 |
|  | Ball |  | Guarantor |  | Non-Guarantor |  | Consolidated |
($ in millions) |  | Corporation |  | Subsidiaries |  | Subsidiaries |  | Total |
Cash provided by (used in) operating activities |  | $ | (14.7 | ) | $ | 301.1 |  | $ | 363.6 |  | $ | 650.0 |
Cash flows from investing activities |  |  |  |  |  |  |  |  |
Capital expenditures |  | (8.4 | ) | (120.1 | ) | (121.5 | ) | (250.0 | )
Other, net |  | 4.2 |  | 1.6 |  | 5.3 |  | 11.1 |
Cash provided by (used in) investing activities |  | (4.2 | ) | (118.5 | ) | (116.2 | ) | (238.9 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |
Long-term borrowings |  | 375.0 |  | — |  | 21.9 |  | 396.9 |
Repayments of long-term borrowings |  | (690.4 | ) | (0.3 | ) | (183.6 | ) | (874.3 | )
Net change in short-term borrowings |  | 22.4 |  | 2.6 |  | 174.0 |  | 199.0 |
Proceeds from issuances of common stock |  | 27.7 |  | — |  | — |  | 27.7 |
Acquisitions of treasury stock |  | (335.5 | ) | — |  | — |  | (335.5 | )
Common dividends |  | (54.8 | ) | — |  | — |  | (54.8 | )
Intercompany |  | 452.1 |  | (184.8 | ) | (267.3 | ) | — |
Other, net |  | 13.9 |  | — |  | (6.2 | ) | 7.7 |
Cash provided by (used in) financing activities |  | (189.6 | ) | (182.5 | ) | (261.2 | ) | (633.3 | )
Effect of exchange rate changes on cash |  | (4.7 | ) | — |  | 0.4 |  | (4.3 | )
Change in cash and cash equivalents |  | (213.2 | ) | 0.1 |  | (13.4 | ) | (226.5 | )
Cash and cash equivalents — beginning of period |  | 218.6 |  | 0.3 |  | 197.1 |  | 416.0 |
Cash and cash equivalents — end of period |  | $ | 5.4 |  | $ | 0.4 |  | $ | 183.7 |  | $ | 189.5 |

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