XML 21 R27.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Guarantor Statements - SB/RH | 3 Months Ended
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Dec. 29, 2019
Guarantor Statements - SB/RH [Abstract] |
Guarantor Statements - SB/RH | NOTE 21 - GUARANTOR STATEMENTS – SB/RH SBI with SB/RH as a parent guarantor (collectively, the “Parent”), with SBI’s domestic subsidiaries as subsidiary guarantors, has issued the 5.00% Notes under the 2029 Indenture, 6.125% Notes under the 2024 Indenture, the 5.75% Notes under the 2025 Indenture and the 4.00% Notes under the 2026 Indenture. The following consolidating financial statements illustrate the components of the consolidated financial statements of SB/RH. The ‘Parent’ consists of the financial statements of SBI as the debt issuer, with SB/RH as a parent guarantor, without consolidated entities. SB/RH financial information is not presented separately as there are no independent assets or operations and is therefore determined not to be material. Investments in subsidiaries are accounted for using the equity method for purposes of illustrating the consolidating presentation. The elimination entries presented herein eliminate investments in subsidiaries and intercompany balances and transactions.
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
‎ NOTE 21 - GUARANTOR STATEMENTS – SB/RH (continued)
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)
‎ NOTE 21 - GUARANTOR STATEMENTS – SB/RH (continued)
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)
‎ NOTE 21 - GUARANTOR STATEMENTS – SB/RH (continued)
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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- References No definition available. + Details
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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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