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Guarantor Statements - SB/RH (Tables) | 3 Months Ended
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Dec. 29, 2019
Guarantor Statements - SB/RH [Abstract] |
Statement Of Financial Position |
Statement of Financial Position |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
As of December 29, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Assets
Cash and cash equivalents |  | $ | 3.9 |  | $ | 0.4 |  | $ | 133.2 |  | $ | — |  | $ | 137.5
Trade receivables, net |  |  | 192.3 |  |  | 86.3 |  |  | 231.4 |  |  | — |  |  | 510.0
Intercompany receivables |  |  | — |  |  | 2,368.8 |  |  | 915.0 |  |  | (3,283.8) |  |  | —
Other receivables |  |  | 67.0 |  |  | 5.1 |  |  | 60.1 |  |  | (1.0) |  |  | 131.2
Inventories |  |  | 241.1 |  |  | 196.4 |  |  | 197.1 |  |  | (6.8) |  |  | 627.8
Prepaid expenses and other |  |  | 36.7 |  |  | 5.8 |  |  | 19.5 |  |  | — |  |  | 62.0
Current assets of business held for sale |  |  | — |  |  | — |  |  | 29.0 |  |  | — |  |  | 29.0
Total current assets |  |  | 541.0 |  |  | 2,662.8 |  |  | 1,585.3 |  |  | (3,291.6) |  |  | 1,497.5
Property, plant and equipment, net |  |  | 190.2 |  |  | 120.2 |  |  | 93.0 |  |  | — |  |  | 403.4
Operating lease assets |  |  | 44.3 |  |  | 14.5 |  |  | 39.7 |  |  | — |  |  | 98.5
Long-term intercompany receivables |  |  | 28.7 |  |  | 23.4 |  |  | 10.3 |  |  | (62.4) |  |  | —
Deferred charges and other |  |  | 281.7 |  |  | 0.6 |  |  | 46.8 |  |  | (276.8) |  |  | 52.3
Investment |  |  | 269.3 |  |  | — |  |  | — |  |  | — |  |  | 269.3
Goodwill |  |  | 567.2 |  |  | 543.3 |  |  | 211.0 |  |  | — |  |  | 1,321.5
Intangible assets, net |  |  | 700.5 |  |  | 551.8 |  |  | 220.3 |  |  | — |  |  | 1,472.6
Investments in subsidiaries |  |  | 4,052.1 |  |  | 1,121.0 |  |  | (2.9) |  |  | (5,170.2) |  |  | —
Total assets |  | $ | 6,675.0 |  | $ | 5,037.6 |  | $ | 2,203.5 |  | $ | (8,801.0) |  | $ | 5,115.1
Liabilities and Shareholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 2.3 |  | $ | 4.9 |  | $ | 7.0 |  | $ | (0.3) |  | $ | 13.9
Accounts payable |  |  | 110.9 |  |  | 76.3 |  |  | 290.9 |  |  | — |  |  | 478.1
Intercompany accounts payable |  |  | 2,662.5 |  |  | 381.1 |  |  | 206.5 |  |  | (3,250.1) |  |  | —
Accrued wages and salaries |  |  | 21.2 |  |  | 3.3 |  |  | 23.5 |  |  | — |  |  | 48.0
Accrued interest |  |  | 36.7 |  |  | — |  |  | — |  |  | — |  |  | 36.7
Indemnification payable to Energizer |  |  | — |  |  | — |  |  | 231.1 |  |  | — |  |  | 231.1
Income tax payable |  |  | 0.9 |  |  | — |  |  | 15.8 |  |  | (1.0) |  |  | 15.7
Other current liabilities |  |  | 102.1 |  |  | 16.6 |  |  | 49.2 |  |  | — |  |  | 167.9
Current liabilities of business held for sale |  |  | — |  |  | — |  |  | 9.3 |  |  | — |  |  | 9.3
Total current liabilities |  |  | 2,936.6 |  |  | 482.2 |  |  | 833.3 |  |  | (3,251.4) |  |  | 1,000.7
Long-term debt, net of current portion |  |  | 2,187.3 |  |  | 51.6 |  |  | 9.8 |  |  | — |  |  | 2,248.7
Long-term intercompany debt |  |  | 12.4 |  |  | — |  |  | 83.4 |  |  | (95.8) |  |  | —
Deferred income taxes |  |  | 86.0 |  |  | 437.4 |  |  | 49.0 |  |  | (279.2) |  |  | 293.2
Long-term operating lease liabilities |  |  | 40.6 |  |  | 11.1 |  |  | 33.9 |  |  | — |  |  | 85.6
Other long-term liabilities |  |  | 31.4 |  |  | 3.1 |  |  | 73.3 |  |  | — |  |  | 107.8
Total liabilities |  |  | 5,294.3 |  |  | 985.4 |  |  | 1,082.7 |  |  | (3,626.4) |  |  | 3,736.0
Shareholder's equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other capital |  |  | 2,138.9 |  |  | 442.0 |  |  | (749.2) |  |  | 295.0 |  |  | 2,126.7
Accumulated (deficit) earnings |  |  | (509.2) |  |  | 3,843.0 |  |  | 2,092.9 |  |  | (5,935.9) |  |  | (509.2)
Accumulated other comprehensive loss |  |  | (249.0) |  |  | (232.8) |  |  | (233.5) |  |  | 466.3 |  |  | (249.0)
Total shareholder's equity |  |  | 1,380.7 |  |  | 4,052.2 |  |  | 1,110.2 |  |  | (5,174.6) |  |  | 1,368.5
Non-controlling interest |  |  | — |  |  | — |  |  | 10.6 |  |  | — |  |  | 10.6
Total equity |  |  | 1,380.7 |  |  | 4,052.2 |  |  | 1,120.8 |  |  | (5,174.6) |  |  | 1,379.1
Total liabilities and equity |  | $ | 6,675.0 |  | $ | 5,037.6 |  | $ | 2,203.5 |  | $ | (8,801.0) |  | $ | 5,115.1
‎ NOTE 21 - GUARANTOR STATEMENTS – SB/RH (continued)
Statement of Financial Position |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
As of September 30, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Assets
Cash and cash equivalents |  | $ | 441.2 |  | $ | 0.4 |  | $ | 180.3 |  | $ | — |  | $ | 621.9
Trade receivables, net |  |  | 92.5 |  |  | 55.2 |  |  | 209.0 |  |  | — |  |  | 356.7
Intercompany receivables |  |  | — |  |  | 2,435.5 |  |  | 1,067.5 |  |  | (3,503.0) |  |  | —
Other receivables |  |  | 68.7 |  |  | 7.4 |  |  | 64.0 |  |  | — |  |  | 140.1
Inventories |  |  | 207.7 |  |  | 156.5 |  |  | 191.5 |  |  | (7.3) |  |  | 548.4
Prepaid expenses and other |  |  | 26.0 |  |  | 4.7 |  |  | 22.8 |  |  | — |  |  | 53.5
Total current assets |  |  | 836.1 |  |  | 2,659.7 |  |  | 1,735.1 |  |  | (3,510.3) |  |  | 1,720.6
Property, plant and equipment, net |  |  | 187.1 |  |  | 121.1 |  |  | 144.7 |  |  | — |  |  | 452.9
Long-term intercompany receivables |  |  | 51.9 |  |  | 37.4 |  |  | 10.2 |  |  | (99.5) |  |  | —
Deferred charges and other |  |  | 277.8 |  |  | 0.7 |  |  | 49.7 |  |  | (276.5) |  |  | 51.7
Investment |  |  | 230.8 |  |  | — |  |  | — |  |  | — |  |  | 230.8
Goodwill |  |  | 567.2 |  |  | 543.3 |  |  | 217.6 |  |  | — |  |  | 1,328.1
Intangible assets, net |  |  | 707.2 |  |  | 560.3 |  |  | 239.6 |  |  | — |  |  | 1,507.1
Investments in subsidiaries |  |  | 4,231.2 |  |  | 1,111.2 |  |  | (2.9) |  |  | (5,339.5) |  |  | —
Total assets |  | $ | 7,089.3 |  | $ | 5,033.7 |  | $ | 2,394.0 |  | $ | (9,225.8) |  | $ | 5,291.2
Liabilities and Shareholder's Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current portion of long-term debt |  | $ | 119.7 |  | $ | 4.7 |  | $ | 12.7 |  | $ | (0.2) |  | $ | 136.9
Accounts payable |  |  | 98.7 |  |  | 65.4 |  |  | 299.7 |  |  | — |  |  | 463.8
Intercompany accounts payable |  |  | 2,873.6 |  |  | 211.2 |  |  | 386.4 |  |  | (3,471.2) |  |  | —
Accrued wages and salaries |  |  | 38.1 |  |  | 6.5 |  |  | 27.4 |  |  | — |  |  | 72.0
Accrued interest |  |  | 29.3 |  |  | — |  |  | — |  |  | — |  |  | 29.3
Indemnification payable to Energizer |  |  | — |  |  | — |  |  | 230.8 |  |  | — |  |  | 230.8
Income tax payable |  |  | 215.7 |  |  | — |  |  | 24.8 |  |  | — |  |  | 240.5
Other current liabilities |  |  | 119.6 |  |  | 19.8 |  |  | 43.3 |  |  | — |  |  | 182.7
Total current liabilities |  |  | 3,494.7 |  |  | 307.6 |  |  | 1,025.1 |  |  | (3,471.4) |  |  | 1,356.0
Long-term debt, net of current portion |  |  | 2,076.7 |  |  | 52.8 |  |  | 9.6 |  |  | — |  |  | 2,139.1
Long-term intercompany debt |  |  | 12.3 |  |  | — |  |  | 118.8 |  |  | (131.1) |  |  | —
Deferred income taxes |  |  | 56.5 |  |  | 439.0 |  |  | 55.9 |  |  | (279.2) |  |  | 272.2
Other long-term liabilities |  |  | 35.1 |  |  | 3.1 |  |  | 73.6 |  |  | — |  |  | 111.8
Total liabilities |  |  | 5,675.3 |  |  | 802.5 |  |  | 1,283.0 |  |  | (3,881.7) |  |  | 3,879.1
Shareholder's equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other capital |  |  | 2,124.8 |  |  | 439.2 |  |  | (750.9) |  |  | 300.2 |  |  | 2,113.3
Accumulated (deficit) earnings |  |  | (437.3) |  |  | 4,049.0 |  |  | 2,108.4 |  |  | (6,157.4) |  |  | (437.3)
Accumulated other comprehensive loss |  |  | (273.5) |  |  | (257.0) |  |  | (256.1) |  |  | 513.1 |  |  | (273.5)
Total shareholder's equity |  |  | 1,414.0 |  |  | 4,231.2 |  |  | 1,101.4 |  |  | (5,344.1) |  |  | 1,402.5
Non-controlling interest |  |  | — |  |  | — |  |  | 9.6 |  |  | — |  |  | 9.6
Total equity |  |  | 1,414.0 |  |  | 4,231.2 |  |  | 1,111.0 |  |  | (5,344.1) |  |  | 1,412.1
Total liabilities and equity |  | $ | 7,089.3 |  | $ | 5,033.7 |  | $ | 2,394.0 |  | $ | (9,225.8) |  | $ | 5,291.2
Statement Of Income |
Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Three month period ended December 29, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 409.7 |  | $ | 285.6 |  | $ | 526.7 |  | $ | (350.5) |  | $ | 871.5
Cost of goods sold |  |  | 306.0 |  |  | 225.0 |  |  | 412.5 |  |  | (351.0) |  |  | 592.5
Restructuring and related charges |  |  | 0.4 |  |  | 1.5 |  |  | 8.0 |  |  | — |  |  | 9.9
Gross profit |  |  | 103.3 |  |  | 59.1 |  |  | 106.2 |  |  | 0.5 |  |  | 269.1
Selling |  |  | 54.7 |  |  | 28.1 |  |  | 63.3 |  |  | — |  |  | 146.1
General and administrative |  |  | 46.0 |  |  | 20.8 |  |  | 12.7 |  |  | — |  |  | 79.5
Research and development |  |  | 5.0 |  |  | 2.7 |  |  | 2.2 |  |  | — |  |  | 9.9
Restructuring and related charges |  |  | 15.9 |  |  | 0.2 |  |  | 1.4 |  |  | — |  |  | 17.5
Transaction related charges |  |  | 1.4 |  |  | 0.5 |  |  | 2.2 |  |  | — |  |  | 4.1
Write-off from impairment of intangible assets |  |  | — |  |  | — |  |  | 24.2 |  |  | — |  |  | 24.2
Loss on assets held for sale |  |  | — |  |  | — |  |  | 32.8 |  |  | — |  |  | 32.8
Total operating expense |  |  | 123.0 |  |  | 52.3 |  |  | 138.8 |  |  | — |  |  | 314.1
Operating (loss) income |  |  | (19.7) |  |  | 6.8 |  |  | (32.6) |  |  | 0.5 |  |  | (45.0)
Interest expense (income) |  |  | 42.5 |  |  | (3.8) |  |  | (4.0) |  |  | (0.1) |  |  | 34.6
Other non-operating (income) expense, net |  |  | (28.2) |  |  | 7.5 |  |  | (13.6) |  |  | (9.4) |  |  | (43.7)
(Loss) income from operations before income taxes |  |  | (34.0) |  |  | 3.1 |  |  | (15.0) |  |  | 10.0 |  |  | (35.9)
Income tax expense (benefit) |  |  | 3.2 |  |  | (0.4) |  |  | (2.2) |  |  | 0.3 |  |  | 0.9
Net (loss) income from continuing operations |  |  | (37.2) |  |  | 3.5 |  |  | (12.8) |  |  | 9.7 |  |  | (36.8)
Gain from discontinued operations, net of tax |  |  | 2.8 |  |  | — |  |  | — |  |  | — |  |  | 2.8
Net (loss) income |  |  | (34.4) |  |  | 3.5 |  |  | (12.8) |  |  | 9.7 |  |  | (34.0)
Net income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.9
Net (loss) income attributable to controlling interest |  | $ | (34.4) |  | $ | 3.5 |  | $ | (13.7) |  | $ | 9.7 |  | $ | (34.9)
Statement of Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Three month period ended December 30, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net sales |  | $ | 433.7 |  | $ | 287.2 |  | $ | 531.9 |  | $ | (372.5) |  | $ | 880.3
Cost of goods sold |  |  | 318.8 |  |  | 219.3 |  |  | 408.1 |  |  | (372.5) |  |  | 573.7
Restructuring and related charges |  |  | — |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.9
Gross profit |  |  | 114.9 |  |  | 67.9 |  |  | 122.9 |  |  | — |  |  | 305.7
Selling |  |  | 61.3 |  |  | 27.3 |  |  | 67.0 |  |  | — |  |  | 155.6
General and administrative |  |  | 67.5 |  |  | 19.1 |  |  | 12.0 |  |  | (0.7) |  |  | 97.9
Research and development |  |  | 5.7 |  |  | 2.4 |  |  | 3.0 |  |  | — |  |  | 11.1
Restructuring and related charges |  |  | 4.2 |  |  | 0.6 |  |  | 3.4 |  |  | — |  |  | 8.2
Transaction related charges |  |  | 4.1 |  |  | 0.7 |  |  | 1.5 |  |  | — |  |  | 6.3
Total operating expense |  |  | 142.8 |  |  | 50.1 |  |  | 86.9 |  |  | (0.7) |  |  | 279.1
Operating income |  |  | (27.9) |  |  | 17.8 |  |  | 36.0 |  |  | 0.7 |  |  | 26.6
Interest expense |  |  | 36.8 |  |  | 5.5 |  |  | 0.9 |  |  | — |  |  | 43.2
Other non-operating (income) expense, net |  |  | (23.1) |  |  | (23.4) |  |  | 0.6 |  |  | 46.7 |  |  | 0.8
(Loss) income from operations before income taxes |  |  | (41.6) |  |  | 35.7 |  |  | 34.5 |  |  | (46.0) |  |  | (17.4)
Income tax (benefit) expense |  |  | (22.1) |  |  | 13.2 |  |  | 10.9 |  |  | (0.4) |  |  | 1.6
Net (loss) income from continuing operations |  |  | (19.5) |  |  | 22.5 |  |  | 23.6 |  |  | (45.6) |  |  | (19.0)
(Loss) Income from discontinued operations, net of tax |  |  | (83.8) |  |  | (76.4) |  |  | 2.9 |  |  | 74.1 |  |  | (83.2)
Net (loss) income |  |  | (103.3) |  |  | (53.9) |  |  | 26.5 |  |  | 28.5 |  |  | (102.2)
Net income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.2
Net (loss) income attributable to controlling interest |  | $ | (103.3) |  | $ | (53.9) |  | $ | 26.3 |  | $ | 28.5 |  | $ | (102.4)
Statement Of Comprehensive Income |
Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Three month period ended December 29, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income |  | $ | (34.4) |  | $ | 3.5 |  | $ | (12.8) |  | $ | 9.7 |  | $ | (34.0)
Other comprehensive (loss) income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation gain |  |  | 26.6 |  |  | 31.5 |  |  | 30.0 |  |  | (61.6) |  |  | 26.5
Unrealized loss on derivative instruments |  |  | (6.1) |  |  | (6.9) |  |  | (6.9) |  |  | 13.7 |  |  | (6.2)
Defined benefit pension gain (loss) |  |  | 3.9 |  |  | (0.3) |  |  | (0.3) |  |  | 0.7 |  |  | 4.0
Other comprehensive gain |  |  | 24.4 |  |  | 24.3 |  |  | 22.8 |  |  | (47.2) |  |  | 24.3
Comprehensive (loss) income |  |  | (10.0) |  |  | 27.8 |  |  | 10.0 |  |  | (37.5) |  |  | (9.7)
Comprehensive income attributable to non-controlling interest |  |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1
Comprehensive (loss) income attributable to controlling interest |  | $ | (10.0) |  | $ | 27.8 |  | $ | 9.9 |  | $ | (37.5) |  | $ | (9.8)
Statement of Comprehensive Income |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Three month period ended December 30, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net (loss) income |  | $ | (103.3) |  | $ | (53.9) |  | $ | 26.5 |  | $ | 28.5 |  | $ | (102.2)
Other comprehensive (loss) income, net of tax: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net unrealized loss on foreign currency translation |  |  | (12.0) |  |  | (21.5) |  |  | (21.2) |  |  | 42.8 |  |  | (11.9)
Unrealized (loss) gain on hedging derivative instruments |  |  | (0.6) |  |  | 3.0 |  |  | 3.1 |  |  | (6.1) |  |  | (0.6)
Defined benefit pension gain |  |  | 1.5 |  |  | 1.1 |  |  | 1.1 |  |  | (2.3) |  |  | 1.4
Other comprehensive loss |  |  | (11.1) |  |  | (17.4) |  |  | (17.0) |  |  | 34.4 |  |  | (11.1)
Comprehensive (loss) income |  |  | (114.4) |  |  | (71.3) |  |  | 9.5 |  |  | 62.9 |  |  | (113.3)
Comprehensive income attributable to non-controlling interest |  |  | — |  |  | — |  |  | — |  |  | — |  |  | —
Comprehensive (loss) income attributable to controlling interest |  | $ | (114.4) |  | $ | (71.3) |  | $ | 9.5 |  | $ | 62.9 |  | $ | (113.3)
Statement Of Cash Flows |
Statement of Cash Flows |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Three month period ended December 29, 2019 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used) provided by operating activities |  | $ | (319.1) |  | $ | 42.2 |  | $ | 613.9 |  | $ | (744.2) |  | $ | (407.2)
Cash flows from investing activities |  |  | . |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | (12.5) |  |  | (3.6) |  |  | (2.6) |  |  | — |  |  | (18.7)
Net cash used by investing activities |  |  | (12.5) |  |  | (3.6) |  |  | (2.6) |  |  | — |  |  | (18.7)
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt |  |  | 103.0 |  |  | — |  |  | — |  |  | — |  |  | 103.0
Payment of debt |  |  | (119.4) |  |  | (1.2) |  |  | (6.9) |  |  | — |  |  | (127.5)
Payment of debt issuance costs |  |  | (0.8) |  |  | — |  |  | — |  |  | — |  |  | (0.8)
Payment of cash dividends to parent |  |  | (36.7) |  |  | — |  |  | — |  |  | — |  |  | (36.7)
Advances related to intercompany transactions |  |  | (51.8) |  |  | (37.4) |  |  | (655.0) |  |  | 744.2 |  |  | —
Net cash used by financing activities |  |  | (105.7) |  |  | (38.6) |  |  | (661.9) |  |  | 744.2 |  |  | (62.0)
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  | — |  |  | 3.5 |  |  | — |  |  | 3.5
Net decrease in cash, cash equivalents and restricted cash |  |  | (437.3) |  |  | — |  |  | (47.1) |  |  | — |  |  | (484.4)
Cash, cash equivalents and restricted cash, beginning of period |  |  | 441.2 |  |  | 0.4 |  |  | 180.3 |  |  | — |  |  | 621.9
Cash, cash equivalents and restricted cash, end of period |  | $ | 3.9 |  | $ | 0.4 |  | $ | 133.2 |  | $ | — |  | $ | 137.5
Statement of Cash Flows |  |  |  | Guarantor |  | Nonguarantor |  |  |  |  |
Three month period ended December 30, 2018 (in millions) |  | Parent |  | Subsidiaries |  | Subsidiaries |  | Eliminations |  | Consolidated
Net cash (used) provided by operating activities from continuing operations |  | $ | (308.0) |  | $ | 3.8 |  | $ | 1,378.2 |  | $ | (1,375.1) |  | $ | (301.1)
Net cash provided (used) by operating activities from discontinued operations |  |  | 2.2 |  |  | 2.3 |  |  | 2.9 |  |  | (35.7) |  |  | (28.3)
Net cash (used) provided by operating activities |  |  | (305.8) |  |  | 6.1 |  |  | 1,381.1 |  |  | (1,410.8) |  |  | (329.4)
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment |  |  | (6.6) |  |  | (3.4) |  |  | (3.5) |  |  | — |  |  | (13.5)
Proceeds from sales of property, plant and equipment |  |  | — |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1
Net cash used by investing activities from continuing operations |  |  | (6.6) |  |  | (3.4) |  |  | (3.4) |  |  | — |  |  | (13.4)
Net cash used by investing activities from discontinued operations |  |  | (1.1) |  |  | (2.3) |  |  | (1.7) |  |  | — |  |  | (5.1)
Net cash used by investing activities |  |  | (7.7) |  |  | (5.7) |  |  | (5.1) |  |  | — |  |  | (18.5)
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of debt |  |  | 114.0 |  |  | — |  |  | 10.3 |  |  | — |  |  | 124.3
Payment of debt |  |  | (35.7) |  |  | — |  |  | (9.9) |  |  | — |  |  | (45.6)
Payment of cash dividends to parent |  |  | (30.4) |  |  | — |  |  | — |  |  | — |  |  | (30.4)
Advances related to intercompany transactions |  |  | (4.4) |  |  | (0.3) |  |  | (1,406.1) |  |  | 1,410.8 |  |  | —
Net cash provided (used) by financing activities from continuing operations |  |  | 43.5 |  |  | (0.3) |  |  | (1,405.7) |  |  | 1,410.8 |  |  | 48.3
Net cash used by financing activities from discontinued operations |  |  | (1.1) |  |  | — |  |  | (1.2) |  |  | — |  |  | (2.3)
Net cash provided (used) by financing activities |  |  | 42.4 |  |  | (0.3) |  |  | (1,406.9) |  |  | 1,410.8 |  |  | 46.0
Effect of exchange rate changes on cash and cash equivalents |  |  | — |  |  | — |  |  | (2.9) |  |  | — |  |  | (2.9)
Net (decrease) increase in cash, cash equivalents and restricted cash |  |  | (271.1) |  |  | 0.1 |  |  | (33.8) |  |  | — |  |  | (304.8)
Cash, cash equivalents and restricted cash, beginning of period |  |  | 285.5 |  |  | 1.8 |  |  | 227.0 |  |  | — |  |  | 514.3
Cash, cash equivalents and restricted cash, end of period |  | $ | 14.4 |  | $ | 1.9 |  | $ | 193.2 |  | $ | — |  | $ | 209.5

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