Consolidating Guarantor and Non-Guarantor Financial Information (Tables)

12 Months Ended

Sep. 30, 2014

Consolidating Guarantor And Non-Guarantor Financial Information [Abstract]

The following information is included as a result of the guarantee by certain of our 100% owned U.S. subsidiaries (“Guarantor Companies”) of the Senior Unsecured Notes and the Senior Subordinated Notes. None of our other subsidiaries or our industrial valve joint venture guarantee the Senior Unsecured Notes and the Senior Subordinated Notes. Each of the guarantees is joint and several and full and unconditional. Guarantor Companies are listed below.



Name		State of incorporation or organization

Anvil International, LLC		Delaware
Echologics, LLC		Delaware
Henry Pratt Company, LLC		Delaware
Henry Pratt International, LLC		Delaware
Hydro Gate, LLC		Delaware
J.B. Smith Mfg. Co., LLC		Delaware
James Jones Company, LLC		Delaware
Milliken Valve, LLC		Delaware
Mueller Co. LLC		Delaware
Mueller Group, LLC		Delaware
Mueller Group Co-Issuer, Inc.		Delaware
Mueller International, L.L.C.		Delaware
Mueller Property Holdings, LLC		Delaware
Mueller Co. International Holdings, LLC		Delaware
Mueller Service California, Inc.		Delaware
Mueller Service Co., LLC		Delaware
Mueller Systems, LLC		Delaware
OSP, LLC		Delaware
U.S. Pipe Valve & Hydrant, LLC		Delaware

The consolidating statements of cash flows below present intercompany cash transfers as financing or investing cash flows, rather than as operating cash flows as was previously our practice. The prior years' presentations have been revised to conform to the current year presentation.

Schedule Of Consolidating Balance Sheet

Mueller Water Products, Inc. and Subsidiaries

Consolidating Balance Sheet

September 30, 2014



	Issuer		Guarantor companies			Non- guarantor companies		Eliminations			Total
						(in millions)
Assets:
Cash and cash equivalents	$	125.5	$	(2.1	)	$	37.7	$	—		$	161.1
Receivables, net	0.1		166.4			15.6		—			182.1
Inventories	—		187.4			10.6		—			198.0
Deferred income taxes	38.0		—			0.6		—			38.6
Other current assets	16.5		26.0			1.6		—			44.1
Total current assets	180.1		377.7			66.1		—			623.9
Property, plant and equipment	1.5		137.0			7.8		—			146.3
Intangible assets	—		531.6			2.0		—			533.6
Other noncurrent assets	11.7		0.3			1.3		—			13.3
Investment in subsidiaries	263.2		41.3			—		(304.5		)	—
Intercompany accounts	882.7		—			—		(882.7		)	—
Total assets	$	1,339.2	$	1,087.9		$	77.2	$	(1,187.2	)	$	1,317.1
Liabilities and equity:
Current portion of long-term debt	$	45.0	$	1.2		$	—	$	—		$	46.2
Accounts payable	4.5		105.0			6.5		—			116.0
Other current liabilities	29.9		48.9			3.4		—			82.2
Total current liabilities	79.4		155.1			9.9		—			244.4
Long-term debt	498.3		1.1			—		—			499.4
Deferred income taxes	149.9		—			0.5		—			150.4
Other noncurrent liabilities	63.8		6.5			1.0		—			71.3
Intercompany accounts	196.2		662.0			24.5		(882.7		)	—
Total liabilities	987.6		824.7			35.9		(882.7		)	965.5
Equity	351.6		263.2			41.3		(304.5		)	351.6
Total liabilities and equity	$	1,339.2	$	1,087.9		$	77.2	$	(1,187.2	)	$	1,317.1

Mueller Water Products, Inc. and Subsidiaries

Consolidating Balance Sheet

September 30, 2013



	Issuer		Guarantor companies			Non- guarantor companies		Eliminations			Total
						(in millions)
Assets:
Cash and cash equivalents	$	86.6	$	(2.3	)	$	39.3	$	—		$	123.6
Receivables, net	0.1		150.4			14.0		—			164.5
Inventories	—		195.3			13.2		—			208.5
Deferred income taxes	26.3		—			0.4		—			26.7
Other current assets	18.2		25.7			2.2		—			46.1
Total current assets	131.2		369.1			69.1		—			569.4
Property, plant and equipment	1.5		132.0			8.4		—			141.9
Intangible assets	—		551.3			1.8		—			553.1
Other noncurrent assets	16.0		0.2			1.3		—			17.5
Investment in subsidiaries	155.2		39.2			—		(194.4		)	—
Intercompany accounts	882.7		—			—		(882.7		)	—
Total assets	$	1,186.6	$	1,091.8		$	80.6	$	(1,077.1	)	$	1,281.9
Liabilities and equity:
Current portion of long-term debt	$	—	$	1.3		$	—	$	—		$	1.3
Accounts payable	4.6		90.0			6.6		—			101.2
Other current liabilities	29.7		46.6			4.3		—			80.6
Total current liabilities	34.3		137.9			10.9		—			183.1
Long-term debt	598.0		1.5			—		—			599.5
Deferred income taxes	140.9		—			0.6		—			141.5
Other noncurrent liabilities	21.3		7.5			0.8		—			29.6
Intercompany accounts	63.9		789.7			29.1		(882.7		)	—
Total liabilities	858.4		936.6			41.4		(882.7		)	953.7
Equity	328.2		155.2			39.2		(194.4		)	328.2
Total liabilities and equity	$	1,186.6	$	1,091.8		$	80.6	$	(1,077.1	)	$	1,281.9

Schedule Of Consolidating Statement Of Operations

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Operations

Year Ended September 30, 2014



	Issuer			Guarantor companies		Non- guarantor companies			Eliminations			Total
						(in millions)
Net sales	$	—		$	1,072.4	$	112.3		$	—		$	1,184.7
Cost of sales	—			739.3		97.5			—			836.8
Gross profit	—			333.1		14.8			—			347.9
Operating expenses:
Selling, general and administrative	39.1			171.2		10.4			—			220.7
Restructuring	—			0.6		2.5			—			3.1
Total operating expenses	39.1			171.8		12.9			—			223.8
Operating income (loss)	(39.1		)	161.3		1.9			—			124.1
Interest expense, net	49.7			0.2		(0.3		)	—			49.6
Loss on early extinguishment of debt	1.0			—		—			—			1.0
Income (loss) before income taxes	(89.8		)	161.1		2.2			—			73.5
Income tax expense (benefit)	(41.9		)	59.4		0.5			—			18.0
Equity in income of subsidiaries	103.4			1.7		—			(105.1		)	—
Net income	$	55.5		$	103.4	$	1.7		$	(105.1	)	55.5

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Operations

Year Ended September 30, 2013



	Issuer			Guarantor companies		Non- guarantor companies			Eliminations			Total
						(in millions)
Net sales	$	—		$	1,005.9	$	114.9		$	—		$	1,120.8
Cost of sales	—			708.6		99.0			—			807.6
Gross profit	—			297.3		15.9			—			313.2
Operating expenses:
Selling, general and administrative	34.0			168.2		12.2			—			214.4
Restructuring	—			1.4		0.1			—			1.5
Total operating expenses	34.0			169.6		12.3			—			215.9
Operating income (loss)	(34.0		)	127.7		3.6			—			97.3
Interest expense (income), net	51.6			0.3		(0.2		)	—			51.7
Loss on early extinguishment of debt	1.4			—		—			—			1.4
Income (loss) before income taxes	(87.0		)	127.4		3.8			—			44.2
Income tax expense (benefit)	(17.3		)	25.5		0.6			—			8.8
Equity in income of subsidiaries	105.1			3.2		—			(108.3		)	—
Income from continuing operations	35.4			105.1		3.2			(108.3		)	35.4
Income from discontinued operations	5.4			—		—			—			5.4
Net income	$	40.8		$	105.1	$	3.2		$	(108.3	)	$	40.8

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Operations

Year Ended September 30, 2012



	Issuer			Guarantor companies		Non- guarantor companies			Eliminations			Total
						(in millions)
Net sales	$	—		$	907.0	$	116.9		$	—		$	1,023.9
Cost of sales	—			652.1		100.7			—			752.8
Gross profit	—			254.9		16.2			—			271.1
Operating expenses:
Selling, general and administrative	30.6			160.2		13.4			—			204.2
Restructuring	—			2.7		0.1			—			2.8
Total operating expenses	30.6			162.9		13.5			—			207.0
Operating income	(30.6		)	92.0		2.7			—			64.1
Interest expense (income), net	60.0			0.2		(0.3		)	—			59.9
Loss on early extinguishment of debt	1.5			—		—			—			1.5
Income (loss) before income taxes	(92.1		)	91.8		3.0			—			2.7
Income tax expense (benefit)	(28.3		)	35.6		0.6			—			7.9
Equity in income of subsidiaries	58.6			2.4		—			(61.0		)	—
Income (loss) from continuing operations	(5.2		)	58.6		2.4			(61.0		)	(5.2		)
Loss from discontinued operations, net of tax	(103.2		)	—		—			—			(103.2		)
Net income (loss)	$	(108.4	)	$	58.6	$	2.4		$	(61.0	)	$	(108.4	)

Schedule Of Consolidating Statement Of Other Comprehensive Income [Table Text Block]

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Comprehensive Income (Loss)

Year Ended September 30, 2014



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations			Total
							(in millions)
Net income	$	55.5		$	103.4		$	1.7		$	(105.1	)	$	55.5
Other comprehensive income (loss):
Minimum pension liability, net of tax	(27.7		)	—			—			—			(27.7		)
Equity in other comprehensive loss of subsidiaries	(4.4		)	(4.4		)	—			8.8			—
Foreign currency translation	—			—			(4.4		)	—			(4.4		)
	(32.1		)	(4.4		)	(4.4		)	8.8			(32.1		)
Comprehensive income (loss)	$	23.4		$	99.0		$	(2.7	)	$	(96.3	)	$	23.4

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Comprehensive Income

Year Ended September 30, 2013



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations			Total
							(in millions)
Net income	$	40.8		$	105.1		$	3.2		$	(108.3	)	$	40.8
Other comprehensive income (loss):
Minimum pension liability, net of tax	61.5			—			—			—			61.5
Equity in other comprehensive income of subsidiaries	(2.4		)	(2.4		)	—			4.8			—
Foreign currency translation	—			—			(2.4		)	—			(2.4		)
	59.1			(2.4		)	(2.4		)	4.8			59.1
Comprehensive income	$	99.9		$	102.7		$	0.8		$	(103.5	)	$	99.9

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Comprehensive Income (Loss)

Year Ended September 30, 2012



	Issuer			Guarantor companies		Non- guarantor companies		Eliminations			Total
						(in millions)
Net income (loss)	$	(108.4	)	$	58.6	$	2.4	$	(61.0	)	$	(108.4	)
Other comprehensive income (loss):
Minimum pension liability, net of tax	(39.4		)	—		—		—			(39.4		)
Interest rate swap contracts, net of tax	3.0			—		—		—			3.0
Equity in other comprehensive loss of subsidiaries	2.9			2.9				(5.8		)	—
Foreign currency translation	—			—		2.9		—			2.9
	(33.5		)	2.9		2.9		(5.8		)	(33.5		)
Comprehensive income (loss)	$	(141.9	)	$	61.5	$	5.3	$	(66.8	)	$	(141.9	)

Schedule Of Consolidating Statement Of Cash Flow

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Cash Flows

Year Ended September 30, 2014



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations			Total
							(in millions)
Operating activities:
Net cash provided by (used in) operating activities	$	(108.0	)	$	256.5		$	(0.9	)	$	—		$	147.6
Investing activities:
Capital expenditures	(0.2		)	(35.3		)	(1.4		)	—			(36.9		)
Business acquisitions, net of cash acquired	—			(11.7		)	—			1.7			(10.0		)
Proceeds from sales of assets	—			4.7			—			—			4.7
Intercompany	—			(213.3		)	—			213.3			—
Net cash used in investing activities	(0.2		)	(255.6		)	(1.4		)	215.0			(42.2		)
Financing activities:
Debt paid	(55.7		)	—			—			—			(55.7		)
Dividends paid	(11.2		)	—			—			—			(11.2		)
Common stock issued	4.2			—			—			—			4.2
Shares retained for employee taxes	(3.1		)	—			—			—			(3.1		)
Joint venture capital contributed	—			—			3.4			(1.7		)	1.7
Intercompany	213.3			—			—			(213.3		)	—
Other	(0.4		)	(0.7		)	—			—			(1.1		)
Net cash provided by (used in) financing activities	147.1			(0.7		)	3.4			(215.0		)	(65.2		)
Effect of currency exchange rate changes on cash	—			—			(2.7		)	—			(2.7		)
Net change in cash and cash equivalents	38.9			0.2			(1.6		)	—			37.5
Cash and cash equivalents at beginning of year	86.6			(2.3		)	39.3			—			123.6
Cash and cash equivalents at end of year	$	125.5		$	(2.1	)	$	37.7		$	—		$	161.1

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Cash Flows

Year Ended September 30, 2013



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations			Total
							(in millions)
Operating activities:
Net cash provided by (used in) operating activities from continuing operations	$	(102.7	)	$	207.8		$	9.0		$	—		$	114.1
Investing activities:
Capital expenditures	(0.2		)	(34.4		)	(1.9		)	—			(36.5		)
Business acquisitions, net of cash acquired	—			(0.2		)	—			—			(0.2		)
Proceeds from sales of assets	—			0.5			—			—			0.5
Intercompany	—			(169.9		)	—			169.9			—
Net cash used in investing activities from continuing operations	(0.2		)	(204.0		)	(1.9		)	169.9			(36.2		)
Financing activities:
Debt paid	(23.2		)	—			—			—			(23.2		)
Dividends paid	(11.0		)	—			—			—			(11.0		)
Common stock issued	3.1			—			—			—			3.1
Shares retained for employee taxes	(1.5		)	—			—			—			(1.5		)
Payment of deferred financing fees	(0.7		)	—			—			—			(0.7		)
Intercompany	169.9			—			—			(169.9		)	—
Other	—			(2.4		)	—			—			(2.4		)
Net cash provided by (used in) financing activities from continuing operations	136.6			(2.4		)	—			(169.9		)	(35.7		)
Net cash flows from discontinued operations:
Operating activities	(4.9		)	—			—			—			(4.9		)
Investing activities	4.5			—			—			—			4.5
Net cash provided by discontinued operations	(0.4		)	—			—			—			(0.4		)
Effect of currency exchange rate changes on cash	—			—			(1.2		)	—			(1.2		)
Net change in cash and cash equivalents	33.3			1.4			5.9			—			40.6
Cash and cash equivalents at beginning of year	53.3			(3.7		)	33.4			—			83.0
Cash and cash equivalents at end of year	$	86.6		$	(2.3	)	$	39.3		$	—		$	123.6

Mueller Water Products, Inc. and Subsidiaries

Consolidating Statement of Cash Flows

Year Ended September 30, 2012



	Issuer			Guarantor companies			Non- guarantor companies			Eliminations			Total
							(in millions)
Operating activities:
Net cash provided by (used in) operating activities from continuing operations	$	(112.9	)	$	186.0		$	3.7		$	—		$	76.8
Investing activities:
Capital expenditures	—			(30.5		)	(0.9		)	—			(31.4		)
Business acquisitions, net of cash acquired	—			(1.8		)	0.5			—			(1.3		)
Proceeds from sales of assets	—			0.3			—			—			0.3
Intercompany	—			(153.8		)	—			153.8			—
Net cash provided by (used in) investing activities from continuing operations	—			(185.8		)	(0.4		)	153.8			(32.4		)
Financing activities:
Debt paid	(57.2		)	—			—			—			(57.2		)
Dividends paid	(11.0		)	—			—			—			(11.0		)
Common stock issued	0.7			—			—			—			0.7
Shares retained for employee taxes	(0.5		)	—			—			—			(0.5		)
Intercompany	153.8			—			—			(153.8		)	—
Other	—			(0.1		)	—			—			(0.1		)
Net cash provided by (used in) financing activities from continuing operations	85.8			(0.1		)	—			(153.8		)	(68.1		)
Net cash flows from discontinued operations:
Operating activities	(43.3		)	—			—			—			(43.3		)
Investing activities	87.5			—			—			—			87.5
Net cash used in discontinued operations	44.2			—			—			—			44.2
Effect of currency exchange rate changes on cash	—			—			1.5			—			1.5
Net change in cash and cash equivalents	17.1			0.1			4.8			—			22.0
Cash and cash equivalents at beginning of year	36.2			(3.8		)	28.6			—			61.0
Cash and cash equivalents at end of year	$	53.3		$	(3.7	)	$	33.4		$	—		$	83.0