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OTHER FINANCIAL INFORMATION | 9 Months Ended
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Sep. 30, 2016
Condensed Financial Information [Abstract] |
OTHER FINANCIAL INFORMATION | WESCO Distribution has outstanding $500 million in aggregate principal amount of 5.375% Senior Notes due 2021 (the "2021 Notes"). The 2021 Notes are unsecured senior obligations of WESCO Distribution, Inc. and are fully and unconditionally guaranteed on a senior unsecured basis by WESCO International, Inc. WESCO Distribution has outstanding $350 million in aggregate principal amount of 2024 Notes. The 2024 Notes are unsecured senior obligations of WESCO Distribution, Inc. and are fully and unconditionally guaranteed on a senior unsecured basis by WESCO International, Inc. Condensed consolidating financial information for WESCO International, Inc., WESCO Distribution, Inc. and the non-guarantor subsidiaries is presented in the following tables.
| Condensed Consolidating Balance Sheet
| September 30, 2016
(In thousands of dollars) | WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Cash and cash equivalents | $ | — |  |  | $ | 42,487 |  |  | $ | 70,350 |  |  | $ | — |  |  | $ | 112,837 |
Trade accounts receivable, net | — |  |  | — |  |  | 1,102,140 |  |  | — |  |  | 1,102,140 |
Inventories | — |  |  | 370,166 |  |  | 462,344 |  |  | — |  |  | 832,510 |
Prepaid expenses and other current assets | — |  |  | 42,695 |  |  | 162,616 |  |  | (8,971 | ) |  | 196,340 |
Total current assets | — |  |  | 455,348 |  |  | 1,797,450 |  |  | (8,971 | ) |  | 2,243,827 |
Intercompany receivables, net | — |  |  | — |  |  | 2,031,482 |  |  | (2,031,482 | ) |  | — |
Property, buildings and equipment, net | — |  |  | 52,567 |  |  | 108,348 |  |  | — |  |  | 160,915 |
Intangible assets, net | — |  |  | 3,581 |  |  | 403,820 |  |  | — |  |  | 407,401 |
Goodwill | — |  |  | 244,648 |  |  | 1,491,014 |  |  | — |  |  | 1,735,662 |
Investments in affiliates | 3,568,774 |  |  | 3,998,961 |  |  | — |  |  | (7,567,735 | ) |  | — |
Other assets | 17 |  |  | 23,816 |  |  | 37,715 |  |  | — |  |  | 61,548 |
Total assets | $ | 3,568,791 |  |  | $ | 4,778,921 |  |  | $ | 5,869,829 |  |  | $ | (9,608,188 | ) |  | $ | 4,609,353 |
Accounts payable | $ | — |  |  | $ | 383,329 |  |  | $ | 316,188 |  |  | $ | — |  |  | $ | 699,517 |
Short-term debt | — |  |  | — |  |  | 35,562 |  |  | — |  |  | 35,562 |
Other current liabilities | 9,078 |  |  | 66,763 |  |  | 158,033 |  |  | (8,971 | ) |  | 224,903 |
Total current liabilities | 9,078 |  |  | 450,092 |  |  | 509,783 |  |  | (8,971 | ) |  | 959,982 |
Intercompany payables, net | 1,544,299 |  |  | 487,183 |  |  | — |  |  | (2,031,482 | ) |  | — |
Long-term debt, net | — |  |  | 993,074 |  |  | 425,634 |  |  | — |  |  | 1,418,708 |
Other noncurrent liabilities | 19,103 |  |  | 45,513 |  |  | 173,414 |  |  | — |  |  | 238,030 |
Total WESCO International, Inc. stockholders' equity | 1,996,311 |  |  | 2,803,059 |  |  | 4,764,676 |  |  | (7,567,735 | ) |  | 1,996,311 |
Noncontrolling interests | — |  |  | — |  |  | (3,678 | ) |  | — |  |  | (3,678 | )
Total liabilities and stockholders’ equity | $ | 3,568,791 |  |  | $ | 4,778,921 |  |  | $ | 5,869,829 |  |  | $ | (9,608,188 | ) |  | $ | 4,609,353 |
| Condensed Consolidating Balance Sheet
| December 31, 2015
(In thousands of dollars) | WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Cash and cash equivalents | $ | — |  |  | $ | 38,963 |  |  | $ | 121,316 |  |  | $ | — |  |  | $ | 160,279 |
Trade accounts receivable, net | — |  |  | — |  |  | 1,075,257 |  |  | — |  |  | 1,075,257 |
Inventories | — |  |  | 376,641 |  |  | 433,426 |  |  | — |  |  | 810,067 |
Prepaid expenses and other current assets | 15 |  |  | 47,290 |  |  | 173,596 |  |  | (8,970 | ) |  | 211,931 |
Total current assets | 15 |  |  | 462,894 |  |  | 1,803,595 |  |  | (8,970 | ) |  | 2,257,534 |
Intercompany receivables, net | — |  |  | — |  |  | 1,964,848 |  |  | (1,964,848 | ) |  | — |
Property, buildings and equipment, net | — |  |  | 56,921 |  |  | 109,818 |  |  | — |  |  | 166,739 |
Intangible assets, net | — |  |  | 4,072 |  |  | 399,577 |  |  | — |  |  | 403,649 |
Goodwill | — |  |  | 255,251 |  |  | 1,426,411 |  |  | — |  |  | 1,681,662 |
Investments in affiliates | 3,309,006 |  |  | 3,827,069 |  |  | — |  |  | (7,136,075 | ) |  | — |
Other assets | — |  |  | 32,601 |  |  | 27,541 |  |  | — |  |  | 60,142 |
Total assets | $ | 3,309,021 |  |  | $ | 4,638,808 |  |  | $ | 5,731,790 |  |  | $ | (9,109,893 | ) |  | $ | 4,569,726 |
Accounts payable | $ | — |  |  | $ | 414,524 |  |  | $ | 300,995 |  |  | $ | — |  |  | $ | 715,519 |
Short-term debt | — |  |  | — |  |  | 43,314 |  |  | — |  |  | 43,314 |
Other current liabilities | 15,254 |  |  | 55,129 |  |  | 127,555 |  |  | (8,970 | ) |  | 188,968 |
Total current liabilities | 15,254 |  |  | 469,653 |  |  | 471,864 |  |  | (8,970 | ) |  | 947,801 |
Intercompany payables, net | 1,320,240 |  |  | 644,608 |  |  | — |  |  | (1,964,848 | ) |  | — |
Long-term debt, net | 177,753 |  |  | 737,490 |  |  | 523,819 |  |  | — |  |  | 1,439,062 |
Other noncurrent liabilities | 19,102 |  |  | 216,515 |  |  | 173,375 |  |  | — |  |  | 408,992 |
Total WESCO International, Inc. stockholders' equity | 1,776,672 |  |  | 2,570,542 |  |  | 4,565,533 |  |  | (7,136,075 | ) |  | 1,776,672 |
Noncontrolling interests | — |  |  | — |  |  | (2,801 | ) |  | — |  |  | (2,801 | )
Total liabilities and stockholders’ equity | $ | 3,309,021 |  |  | $ | 4,638,808 |  |  | $ | 5,731,790 |  |  | $ | (9,109,893 | ) |  | $ | 4,569,726 |
| Condensed Consolidating Statement of (Loss) Income and Comprehensive (Loss) Income
| Three Months Ended
| September 30, 2016
(In thousands of dollars) | WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net sales | $ | — |  |  | $ | 827,648 |  |  | $ | 1,052,915 |  |  | $ | (25,351 | ) |  | $ | 1,855,212 |
Cost of goods sold (excluding depreciation and |  |  |  |  |  |  |  |  |
amortization) | — |  |  | 663,159 |  |  | 852,365 |  |  | (25,351 | ) |  | 1,490,173 |
Selling, general and administrative expenses | 38 |  |  | 128,514 |  |  | 126,995 |  |  | — |  |  | 255,547 |
Depreciation and amortization | — |  |  | 5,114 |  |  | 11,823 |  |  | — |  |  | 16,937 |
Results of affiliates’ operations | 100,295 |  |  | 71,567 |  |  | — |  |  | (171,862 | ) |  | — |
Interest expense (income), net | 4,904 |  |  | 23,543 |  |  | (7,655 | ) |  | — |  |  | 20,792 |
Loss on debt redemption | 123,933 |  |  | — |  |  | — |  |  | — |  |  | 123,933 |
Income tax expense (benefit) | 2,441 |  |  | (12,261 | ) |  | (11,329 | ) |  | — |  |  | (21,149 | )
Net (loss) income | (31,021 | ) |  | 91,146 |  |  | 80,716 |  |  | (171,862 | ) |  | (31,021 | )
Net income attributable to noncontrolling interests | — |  |  | — |  |  | 590 |  |  | — |  |  | 590 |
Net (loss) income attributable to WESCO International, Inc. | $ | (31,021 | ) |  | $ | 91,146 |  |  | $ | 80,126 |  |  | $ | (171,862 | ) |  | $ | (31,611 | )
Other comprehensive loss: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (13,993 | ) |  | (13,993 | ) |  | (13,993 | ) |  | 27,986 |  |  | (13,993 | )
Comprehensive (loss) income attributable to WESCO International, Inc. | $ | (45,014 | ) |  | $ | 77,153 |  |  | $ | 66,133 |  |  | $ | (143,876 | ) |  | $ | (45,604 | )
| Condensed Consolidating Statement of Income and Comprehensive Loss
| Three Months Ended
| September 30, 2015
(In thousands of dollars) | WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net sales | $ | — |  |  | $ | 876,098 |  |  | $ | 1,077,255 |  |  | $ | (29,454 | ) |  | $ | 1,923,899 |
Cost of goods sold (excluding depreciation and |  |  |  |  |  |  |  |  |
amortization) | — |  |  | 705,698 |  |  | 866,869 |  |  | (29,454 | ) |  | 1,543,113 |
Selling, general and administrative expenses | 5 |  |  | 131,648 |  |  | 126,498 |  |  | — |  |  | 258,151 |
Depreciation and amortization | — |  |  | 4,866 |  |  | 11,421 |  |  | — |  |  | 16,287 |
Results of affiliates’ operations | 66,944 |  |  | 48,419 |  |  | — |  |  | (115,363 | ) |  | — |
Interest expense (income), net | 6,253 |  |  | 19,681 |  |  | (5,517 | ) |  | — |  |  | 20,417 |
Income tax (benefit) expense | (1,698 | ) |  | 3,988 |  |  | 21,257 |  |  | — |  |  | 23,547 |
Net income | 62,384 |  |  | 58,636 |  |  | 56,727 |  |  | (115,363 | ) |  | 62,384 |
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (1,119 | ) |  | — |  |  | (1,119 | )
Net income attributable to WESCO International, Inc. | $ | 62,384 |  |  | $ | 58,636 |  |  | $ | 57,846 |  |  | $ | (115,363 | ) |  | $ | 63,503 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (95,377 | ) |  | (95,377 | ) |  | (95,377 | ) |  | 190,754 |  |  | (95,377 | )
Comprehensive loss attributable to WESCO International, Inc. | $ | (32,993 | ) |  | $ | (36,741 | ) |  | $ | (37,531 | ) |  | $ | 75,391 |  |  | $ | (31,874 | )
| Condensed Consolidating Statement of Income and Comprehensive Income
| Nine Months Ended
| September 30, 2016
(In thousands of dollars) | WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net sales | $ | — |  |  | $ | 2,481,165 |  |  | $ | 3,140,011 |  |  | $ | (78,421 | ) |  | $ | 5,542,755 |
Cost of goods sold (excluding depreciation and |  |  |  |  |  |  |  |  |
amortization) | — |  |  | 1,985,639 |  |  | 2,535,861 |  |  | (78,421 | ) |  | 4,443,079 |
Selling, general and administrative expenses | (328 | ) |  | 351,663 |  |  | 448,021 |  |  | — |  |  | 799,356 |
Depreciation and amortization | — |  |  | 15,318 |  |  | 34,951 |  |  | — |  |  | 50,269 |
Results of affiliates’ operations | 193,266 |  |  | 105,401 |  |  | — |  |  | (298,667 | ) |  | — |
Interest expense (income), net | 17,555 |  |  | 63,247 |  |  | (21,729 | ) |  | — |  |  | 59,073 |
Loss on debt redemption | 123,933 |  |  | — |  |  | — |  |  | — |  |  | 123,933 |
Income tax (benefit) expense | (1,261 | ) |  | 4,677 |  |  | 10,262 |  |  | — |  |  | 13,678 |
Net income | 53,367 |  |  | 166,022 |  |  | 132,645 |  |  | (298,667 | ) |  | 53,367 |
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (876 | ) |  | — |  |  | (876 | )
Net income attributable to WESCO International, Inc. | $ | 53,367 |  |  | $ | 166,022 |  |  | $ | 133,521 |  |  | $ | (298,667 | ) |  | $ | 54,243 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | 66,512 |  |  | 66,512 |  |  | 66,512 |  |  | (133,024 | ) |  | 66,512 |
Post retirement benefit plan adjustments | $ | (16 | ) |  | $ | (16 | ) |  | $ | (16 | ) |  | $ | 32 |  |  | $ | (16 | )
Comprehensive income attributable to WESCO International, Inc. | $ | 119,863 |  |  | $ | 232,518 |  |  | $ | 200,017 |  |  | $ | (431,659 | ) |  | $ | 120,739 |
| Condensed Consolidating Statement of Income and Comprehensive Loss
| Nine Months Ended
| September 30, 2015
(In thousands of dollars) | WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net sales | $ | — |  |  | $ | 2,600,150 |  |  | $ | 3,144,759 |  |  | $ | (87,962 | ) |  | $ | 5,656,947 |
Cost of goods sold (excluding depreciation and |  |  |  |  |  |  |  |  |
amortization) | — |  |  | 2,089,594 |  |  | 2,525,204 |  |  | (87,962 | ) |  | 4,526,836 |
Selling, general and administrative expenses | 22 |  |  | 415,971 |  |  | 381,987 |  |  | — |  |  | 797,980 |
Depreciation and amortization | — |  |  | 14,640 |  |  | 33,707 |  |  | — |  |  | 48,347 |
Results of affiliates’ operations | 173,137 |  |  | 131,074 |  |  | — |  |  | (304,211 | ) |  | — |
Interest expense (income), net | 18,641 |  |  | 55,561 |  |  | (14,278 | ) |  | — |  |  | 59,924 |
Income tax (benefit) expense | (5,339 | ) |  | 6,976 |  |  | 62,410 |  |  | — |  |  | 64,047 |
Net income | 159,813 |  |  | 148,482 |  |  | 155,729 |  |  | (304,211 | ) |  | 159,813 |
Net loss attributable to noncontrolling interests | — |  |  | — |  |  | (2,460 | ) |  | — |  |  | (2,460 | )
Net income attributable to WESCO International, Inc. | $ | 159,813 |  |  | $ | 148,482 |  |  | $ | 158,189 |  |  | $ | (304,211 | ) |  | $ | 162,273 |
Other comprehensive loss: |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation adjustments | (183,634 | ) |  | (183,634 | ) |  | (183,634 | ) |  | 367,268 |  |  | (183,634 | )
Comprehensive loss attributable to WESCO International, Inc. | $ | (23,821 | ) |  | $ | (35,152 | ) |  | $ | (25,445 | ) |  | $ | 63,057 |  |  | $ | (21,361 | )
| Condensed Consolidating Statement of Cash Flows
| Nine Months Ended
| September 30, 2016
(In thousands of dollars) | WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net cash provided by (used in) operating activities | $ | 124,834 |  |  | $ | (274,575 | ) |  | $ | 366,929 |  |  | $ | — |  |  | $ | 217,188 |
Investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (9,224 | ) |  | (3,959 | ) |  | — |  |  | (13,183 | )
Acquisition payments, net of cash acquired | — |  |  | (50,745 | ) |  | — |  |  | — |  |  | (50,745 | )
Dividends received from subsidiaries | — |  |  | 47,621 |  |  | — |  |  | (47,621 | ) |  | — |
Other | — |  |  | (257,768 | ) |  | (335,594 | ) |  | 589,477 |  |  | (3,885 | )
Net cash used in investing activities | — |  |  | (270,116 | ) |  | (339,553 | ) |  | 541,856 |  |  | (67,813 | )
Financing activities: |  |  |  |  |  |  |  |  |
Borrowings | 224,043 |  |  | 1,386,397 |  |  | 468,890 |  |  | (257,768 | ) |  | 1,821,562 |
Repayments | (344,804 | ) |  | (834,688 | ) |  | (500,879 | ) |  | (331,709 | ) |  | (2,012,080 | )
Dividends paid by subsidiaries | — |  |  | — |  |  | (47,621 | ) |  | 47,621 |  |  | — |
Other | (4,073 | ) |  | (3,494 | ) |  | — |  |  | — |  |  | (7,567 | )
Net cash (used in) provided by financing activities | (124,834 | ) |  | 548,215 |  |  | (79,610 | ) |  | (541,856 | ) |  | (198,085 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | 1,268 |  |  | — |  |  | 1,268 |
Net change in cash and cash equivalents | — |  |  | 3,524 |  |  | (50,966 | ) |  | — |  |  | (47,442 | )
Cash and cash equivalents at the beginning of period | — |  |  | 38,963 |  |  | 121,316 |  |  | — |  |  | 160,279 |
Cash and cash equivalents at the end of period | $ | — |  |  | $ | 42,487 |  |  | $ | 70,350 |  |  | $ | — |  |  | $ | 112,837 |
| Condensed Consolidating Statement of Cash Flows
| Nine Months Ended
| September 30, 2015
(In thousands of dollars) | WESCO International, Inc. |  | WESCO Distribution, Inc. |  | Non-Guarantor Subsidiaries |  | Consolidating and Eliminating Entries |  | Consolidated
Net cash (used in) provided by operating activities | $ | (3,332 | ) |  | $ | 160,270 |  |  | $ | 19,026 |  |  | $ | — |  |  | $ | 175,964 |
Investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | — |  |  | (12,137 | ) |  | (4,105 | ) |  | — |  |  | (16,242 | )
Acquisition payments, net of cash acquired | — |  |  | (68,502 | ) |  | — |  |  | — |  |  | (68,502 | )
Dividends received from subsidiaries | — |  |  | 98,455 |  |  | — |  |  | (98,455 | ) |  | — |
Other | — |  |  | (192,781 | ) |  | 14,887 |  |  | 179,685 |  |  | 1,791 |
Net cash used in investing activities | — |  |  | (174,965 | ) |  | 10,782 |  |  | 81,230 |  |  | (82,953 | )
Financing activities: |  |  |  |  |  |  |  |  |
Borrowings | 157,422 |  |  | 936,352 |  |  | 394,905 |  |  | (192,781 | ) |  | 1,295,898 |
Repayments | — |  |  | (901,448 | ) |  | (313,806 | ) |  | 13,096 |  |  | (1,202,158 | )
Equity activities | (154,090 | ) |  | — |  |  | — |  |  | — |  |  | (154,090 | )
Dividends paid by subsidiaries | — |  |  | — |  |  | (98,455 | ) |  | 98,455 |  |  | — |
Other | — |  |  | (12,938 | ) |  | — |  |  | — |  |  | (12,938 | )
Net cash provided by (used in) financing activities | 3,332 |  |  | 21,966 |  |  | (17,356 | ) |  | (81,230 | ) |  | (73,288 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (15,190 | ) |  | — |  |  | (15,190 | )
Net change in cash and cash equivalents | — |  |  | 7,271 |  |  | (2,738 | ) |  | — |  |  | 4,533 |
Cash and cash equivalents at the beginning of period | — |  |  | 32,508 |  |  | 95,811 |  |  | — |  |  | 128,319 |
Cash and cash equivalents at the end of period | $ | — |  |  | $ | 39,779 |  |  | $ | 93,073 |  |  | $ | — |  |  | $ | 132,852 |
Revisions The unaudited Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2015 was revised to appropriately present dividends paid by the non-guarantor subsidiaries and dividends received by WESCO Distribution, Inc. The revisions did not impact the consolidated amounts previously reported, nor did they impact the Company's obligations under the 2021 Notes or 2029 Debentures. As described in Note 2, the Company adopted certain accounting pronouncements during the first quarter of 2016 that were effective beginning this fiscal year. The adoption of such guidance resulted in certain reclassifications to amounts previously reported in the Condensed Consolidating Balance Sheet at December 31, 2015.

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