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Separate Financial Information of Subsidiary Guarantors of Indebtedness (Tables) | 6 Months Ended
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Jun. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Consolidating Statement of Operations | Condensed Consolidating Statement of Operations For the Six Months Ended June 30, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 859.0 |  |  | $ | 1,172.6 |  |  | $ | 224.5 |  |  | $ | (181.3 | ) |  | $ | 2,074.8 |
Cost of sales | 623.9 |  |  | 1,003.3 |  |  | 178.6 |  |  | (181.3 | ) |  | 1,624.5 |
Selling, general and administrative expenses | 138.8 |  |  | 69.3 |  |  | 23.9 |  |  | — |  |  | 232.0 |
Depreciation and amortization | 89.7 |  |  | 49.8 |  |  | 16.2 |  |  | — |  |  | 155.7 |
Restructuring, impairment and transaction-related charges | 18.9 |  |  | 15.3 |  |  | 2.1 |  |  | — |  |  | 36.3 |
Total operating expenses | 871.3 |  |  | 1,137.7 |  |  | 220.8 |  |  | (181.3 | ) |  | 2,048.5 |
Operating income (loss) | $ | (12.3 | ) |  | $ | 34.9 |  |  | $ | 3.7 |  |  | $ | — |  |  | $ | 26.3 |
Interest expense (income) | 39.7 |  |  | (2.4 | ) |  | 2.0 |  |  | — |  |  | 39.3 |
Gain on debt extinguishment | (14.1 | ) |  | — |  |  | — |  |  | — |  |  | (14.1 | )
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities | (37.9 | ) |  | 37.3 |  |  | 1.7 |  |  | — |  |  | 1.1 |
Income tax expense (benefit) | 5.8 |  |  | (3.3 | ) |  | 0.2 |  |  | — |  |  | 2.7 |
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities | (43.7 | ) |  | 40.6 |  |  | 1.5 |  |  | — |  |  | (1.6 | )
Equity in (earnings) loss of consolidated entities | (39.8 | ) |  | (3.3 | ) |  | — |  |  | 43.1 |  |  | — |
Equity in (earnings) loss of unconsolidated entities | — |  |  | — |  |  | 2.3 |  |  | — |  |  | 2.3 |
Net earnings (loss) | $ | (3.9 | ) |  | $ | 43.9 |  |  | $ | (0.8 | ) |  | $ | (43.1 | ) |  | $ | (3.9 | )
Condensed Consolidating Statement of Operations For the Three Months Ended June 30, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 420.5 |  |  | $ | 584.7 |  |  | $ | 119.5 |  |  | $ | (92.4 | ) |  | $ | 1,032.3 |
Cost of sales | 315.0 |  |  | 502.1 |  |  | 96.3 |  |  | (92.4 | ) |  | 821.0 |
Selling, general and administrative expenses | 69.5 |  |  | 30.6 |  |  | 12.9 |  |  | — |  |  | 113.0 |
Depreciation and amortization | 44.3 |  |  | 24.6 |  |  | 8.7 |  |  | — |  |  | 77.6 |
Restructuring, impairment and transaction-related charges | 7.5 |  |  | (1.6 | ) |  | 1.5 |  |  | — |  |  | 7.4 |
Total operating expenses | 436.3 |  |  | 555.7 |  |  | 119.4 |  |  | (92.4 | ) |  | 1,019.0 |
Operating income (loss) | $ | (15.8 | ) |  | $ | 29.0 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | 13.3 |
Interest expense (income) | 18.9 |  |  | (1.3 | ) |  | 1.0 |  |  | — |  |  | 18.6 |
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities | (34.7 | ) |  | 30.3 |  |  | (0.9 | ) |  | — |  |  | (5.3 | )
Income tax expense (benefit) | (2.3 | ) |  | 3.0 |  |  | 0.3 |  |  | — |  |  | 1.0 |
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities | (32.4 | ) |  | 27.3 |  |  | (1.2 | ) |  | — |  |  | (6.3 | )
Equity in (earnings) loss of consolidated entities | (24.7 | ) |  | (1.8 | ) |  | — |  |  | 26.5 |  |  | — |
Equity in (earnings) loss of unconsolidated entities | — |  |  | — |  |  | 1.4 |  |  | — |  |  | 1.4 |
Net earnings (loss) | $ | (7.7 | ) |  | $ | 29.1 |  |  | $ | (2.6 | ) |  | $ | (26.5 | ) |  | $ | (7.7 | )
Condensed Consolidating Statement of Operations For the Three Months Ended June 30, 2015
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 398.5 |  |  | $ | 656.2 |  |  | $ | 104.8 |  |  | $ | (99.5 | ) |  | $ | 1,060.0 |
Cost of sales | 305.4 |  |  | 563.6 |  |  | 88.2 |  |  | (99.5 | ) |  | 857.7 |
Selling, general and administrative expenses | 63.6 |  |  | 36.0 |  |  | 10.8 |  |  | — |  |  | 110.4 |
Depreciation and amortization | 44.9 |  |  | 30.0 |  |  | 8.5 |  |  | — |  |  | 83.4 |
Restructuring, impairment and transaction-related charges | 1.7 |  |  | 7.9 |  |  | 24.7 |  |  | — |  |  | 34.3 |
Total operating expenses | 415.6 |  |  | 637.5 |  |  | 132.2 |  |  | (99.5 | ) |  | 1,085.8 |
Operating income (loss) | $ | (17.1 | ) |  | $ | 18.7 |  |  | $ | (27.4 | ) |  | $ | — |  |  | $ | (25.8 | )
Interest expense (income) | 20.8 |  |  | (0.5 | ) |  | 1.3 |  |  | — |  |  | 21.6 |
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities | (37.9 | ) |  | 19.2 |  |  | (28.7 | ) |  | — |  |  | (47.4 | )
Income tax expense (benefit) | (11.2 | ) |  | 5.2 |  |  | 2.2 |  |  | — |  |  | (3.8 | )
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities | (26.7 | ) |  | 14.0 |  |  | (30.9 | ) |  | — |  |  | (43.6 | )
Equity in (earnings) loss of consolidated entities | 18.4 |  |  | 1.2 |  |  | — |  |  | (19.6 | ) |  | — |
Equity in (earnings) loss of unconsolidated entities | — |  |  | — |  |  | 1.5 |  |  | — |  |  | 1.5 |
Net earnings (loss) | $ | (45.1 | ) |  | $ | 12.8 |  |  | $ | (32.4 | ) |  | $ | 19.6 |  |  | $ | (45.1 | )
Condensed Consolidating Statement of Operations For the Six Months Ended June 30, 2015
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net sales | $ | 850.6 |  |  | $ | 1,297.3 |  |  | $ | 199.7 |  |  | $ | (199.6 | ) |  | $ | 2,148.0 |
Cost of sales | 646.2 |  |  | 1,118.0 |  |  | 168.5 |  |  | (199.6 | ) |  | 1,733.1 |
Selling, general and administrative expenses | 123.0 |  |  | 79.1 |  |  | 18.0 |  |  | — |  |  | 220.1 |
Depreciation and amortization | 89.7 |  |  | 59.5 |  |  | 15.5 |  |  | — |  |  | 164.7 |
Restructuring, impairment and transaction-related charges | (6.3 | ) |  | 23.6 |  |  | 27.1 |  |  | — |  |  | 44.4 |
Goodwill impairment | — |  |  | — |  |  | 23.3 |  |  | — |  |  | 23.3 |
Total operating expenses | 852.6 |  |  | 1,280.2 |  |  | 252.4 |  |  | (199.6 | ) |  | 2,185.6 |
Operating income (loss) | $ | (2.0 | ) |  | $ | 17.1 |  |  | $ | (52.7 | ) |  | $ | — |  |  | $ | (37.6 | )
Interest expense (income) | 42.1 |  |  | (0.7 | ) |  | 2.7 |  |  | — |  |  | 44.1 |
Earnings (loss) before income taxes and equity in (earnings) loss of consolidated and unconsolidated entities | (44.1 | ) |  | 17.8 |  |  | (55.4 | ) |  | — |  |  | (81.7 | )
Income tax expense (benefit) | (7.6 | ) |  | 0.4 |  |  | 2.4 |  |  | — |  |  | (4.8 | )
Earnings (loss) before equity in (earnings) loss of consolidated and unconsolidated entities | (36.5 | ) |  | 17.4 |  |  | (57.8 | ) |  | — |  |  | (76.9 | )
Equity in (earnings) loss of consolidated entities | 43.8 |  |  | 2.2 |  |  | — |  |  | (46.0 | ) |  | — |
Equity in (earnings) loss of unconsolidated entities | — |  |  | — |  |  | 3.4 |  |  | — |  |  | 3.4 |
Net earnings (loss) | $ | (80.3 | ) |  | $ | 15.2 |  |  | $ | (61.2 | ) |  | $ | 46.0 |  |  | $ | (80.3 | )
Condensed Consolidating Statement of Comprehensive Income (Loss) | Condensed Consolidating Statement of Comprehensive Income (Loss) For the Six Months Ended June 30, 2015
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net earnings (loss) | $ | (80.3 | ) |  | $ | 15.2 |  |  | $ | (61.2 | ) |  | $ | 46.0 |  |  | $ | (80.3 | )
Other comprehensive income (loss), net of tax | (23.1 | ) |  | — |  |  | (24.0 | ) |  | 24.0 |  |  | (23.1 | )
Total comprehensive income (loss) | $ | (103.4 | ) |  | $ | 15.2 |  |  | $ | (85.2 | ) |  | $ | 70.0 |  |  | $ | (103.4 | )
Condensed Consolidating Statement of Comprehensive Income (Loss) For the Six Months Ended June 30, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net earnings (loss) | $ | (3.9 | ) |  | $ | 43.9 |  |  | $ | (0.8 | ) |  | $ | (43.1 | ) |  | $ | (3.9 | )
Other comprehensive income (loss), net of tax | 7.1 |  |  | (1.3 | ) |  | 5.6 |  |  | (4.3 | ) |  | 7.1 |
Total comprehensive income (loss) | $ | 3.2 |  |  | $ | 42.6 |  |  | $ | 4.8 |  |  | $ | (47.4 | ) |  | $ | 3.2 |
Condensed Consolidating Statement of Comprehensive Income (Loss) For the Three Months Ended June 30, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net earnings (loss) | $ | (7.7 | ) |  | $ | 29.1 |  |  | $ | (2.6 | ) |  | $ | (26.5 | ) |  | $ | (7.7 | )
Other comprehensive income (loss), net of tax | (1.3 | ) |  | (0.2 | ) |  | (1.0 | ) |  | 1.2 |  |  | (1.3 | )
Total comprehensive income (loss) | $ | (9.0 | ) |  | $ | 28.9 |  |  | $ | (3.6 | ) |  | $ | (25.3 | ) |  | $ | (9.0 | )
Condensed Consolidating Statement of Comprehensive Income (Loss) For the Three Months Ended June 30, 2015
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
Net earnings (loss) | $ | (45.1 | ) |  | $ | 12.8 |  |  | $ | (32.4 | ) |  | $ | 19.6 |  |  | $ | (45.1 | )
Other comprehensive income (loss), net of tax | 1.8 |  |  | 0.1 |  |  | 1.3 |  |  | (1.4 | ) |  | 1.8 |
Total comprehensive income (loss) | $ | (43.3 | ) |  | $ | 12.9 |  |  | $ | (31.1 | ) |  | $ | 18.2 |  |  | $ | (43.3 | )
Condensed Consolidating Balance Sheet | Condensed Consolidating Balance Sheet As of June 30, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2.6 |  |  | $ | 1.8 |  |  | $ | 4.3 |  |  | $ | — |  |  | $ | 8.7 |
Receivables, less allowances for doubtful accounts | 388.2 |  |  | 44.2 |  |  | 91.9 |  |  | — |  |  | 524.3 |
Intercompany receivables | — |  |  | 1,085.3 |  |  | — |  |  | (1,085.3 | ) |  | — |
Inventories | 98.5 |  |  | 127.2 |  |  | 44.2 |  |  | — |  |  | 269.9 |
Other current assets | 28.9 |  |  | 23.0 |  |  | 7.7 |  |  | — |  |  | 59.6 |
Total current assets | 518.2 |  |  | 1,281.5 |  |  | 148.1 |  |  | (1,085.3 | ) |  | 862.5 |
Property, plant and equipment—net | 813.4 |  |  | 591.4 |  |  | 170.2 |  |  | — |  |  | 1,575.0 |
Investment in consolidated entities | 1,732.8 |  |  | 59.6 |  |  | — |  |  | (1,792.4 | ) |  | — |
Intangible assets—net | 14.6 |  |  | 23.6 |  |  | 31.5 |  |  | — |  |  | 69.7 |
Intercompany loan receivable | 95.9 |  |  | — |  |  | — |  |  | (95.9 | ) |  | — |
Other long-term assets | 37.3 |  |  | 6.4 |  |  | 32.4 |  |  | — |  |  | 76.1 |
Total assets | $ | 3,212.2 |  |  | $ | 1,962.5 |  |  | $ | 382.2 |  |  | $ | (2,973.6 | ) |  | $ | 2,583.3 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Accounts payable | $ | 174.8 |  |  | $ | 75.4 |  |  | $ | 69.9 |  |  | $ | — |  |  | $ | 320.1 |
Intercompany accounts payable | 1,084.0 |  |  | — |  |  | 1.3 |  |  | (1,085.3 | ) |  | — |
Short-term debt and current portion of long-term debt and capital lease obligations | 82.8 |  |  | 3.4 |  |  | 5.0 |  |  | — |  |  | 91.2 |
Other current liabilities | 220.2 |  |  | 74.4 |  |  | 28.0 |  |  | — |  |  | 322.6 |
Total current liabilities | 1,561.8 |  |  | 153.2 |  |  | 104.2 |  |  | (1,085.3 | ) |  | 733.9 |
Long-term debt and capital lease obligations | 1,084.1 |  |  | 3.7 |  |  | 16.9 |  |  | — |  |  | 1,104.7 |
Intercompany loan payable | — |  |  | 39.3 |  |  | 56.6 |  |  | (95.9 | ) |  | — |
Other long-term liabilities | 170.9 |  |  | 158.5 |  |  | 19.9 |  |  | — |  |  | 349.3 |
Total liabilities | 2,816.8 |  |  | 354.7 |  |  | 197.6 |  |  | (1,181.2 | ) |  | 2,187.9 |
Total shareholders' equity | 395.4 |  |  | 1,607.8 |  |  | 184.6 |  |  | (1,792.4 | ) |  | 395.4 |
Total liabilities and shareholders' equity | $ | 3,212.2 |  |  | $ | 1,962.5 |  |  | $ | 382.2 |  |  | $ | (2,973.6 | ) |  | $ | 2,583.3 |
Condensed Consolidating Balance Sheet As of December 31, 2015
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
ASSETS |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 2.3 |  |  | $ | 2.8 |  |  | $ | 5.7 |  |  | $ | — |  |  | $ | 10.8 |
Receivables, less allowances for doubtful accounts | 507.5 |  |  | 53.3 |  |  | 87.9 |  |  | — |  |  | 648.7 |
Intercompany receivables | — |  |  | 1,007.7 |  |  | — |  |  | (1,007.7 | ) |  | — |
Inventories | 95.8 |  |  | 138.5 |  |  | 45.8 |  |  | — |  |  | 280.1 |
Other current assets | 24.7 |  |  | 20.0 |  |  | 7.0 |  |  | — |  |  | 51.7 |
Total current assets | 630.3 |  |  | 1,222.3 |  |  | 146.4 |  |  | (1,007.7 | ) |  | 991.3 |
Property, plant and equipment—net | 849.6 |  |  | 652.8 |  |  | 173.4 |  |  | — |  |  | 1,675.8 |
Investment in consolidated entities | 1,676.6 |  |  | 57.8 |  |  | — |  |  | (1,734.4 | ) |  | — |
Intangible assets—net | 46.9 |  |  | 27.1 |  |  | 36.5 |  |  | — |  |  | 110.5 |
Intercompany loan receivable | 125.8 |  |  | — |  |  | — |  |  | (125.8 | ) |  | — |
Other long-term assets | 27.8 |  |  | 8.5 |  |  | 33.6 |  |  | — |  |  | 69.9 |
Total assets | $ | 3,357.0 |  |  | $ | 1,968.5 |  |  | $ | 389.9 |  |  | $ | (2,867.9 | ) |  | $ | 2,847.5 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |  |  |  |
Accounts payable | $ | 203.7 |  |  | $ | 85.4 |  |  | $ | 69.7 |  |  | $ | — |  |  | $ | 358.8 |
Intercompany accounts payable | 997.4 |  |  | — |  |  | 10.3 |  |  | (1,007.7 | ) |  | — |
Short-term debt and current portion of long-term debt and capital lease obligations | 95.6 |  |  | 3.5 |  |  | 0.6 |  |  | — |  |  | 99.7 |
Other current liabilities | 223.4 |  |  | 94.3 |  |  | 31.2 |  |  | — |  |  | 348.9 |
Total current liabilities | 1,520.1 |  |  | 183.2 |  |  | 111.8 |  |  | (1,007.7 | ) |  | 807.4 |
Long-term debt and capital lease obligations | 1,242.5 |  |  | 5.3 |  |  | 1.8 |  |  | — |  |  | 1,249.6 |
Intercompany loan payable | — |  |  | 38.8 |  |  | 87.0 |  |  | (125.8 | ) |  | — |
Other long-term liabilities | 170.5 |  |  | 175.9 |  |  | 20.2 |  |  | — |  |  | 366.6 |
Total liabilities | 2,933.1 |  |  | 403.2 |  |  | 220.8 |  |  | (1,133.5 | ) |  | 2,423.6 |
Total shareholders' equity | 423.9 |  |  | 1,565.3 |  |  | 169.1 |  |  | (1,734.4 | ) |  | 423.9 |
Total liabilities and shareholders' equity | $ | 3,357.0 |  |  | $ | 1,968.5 |  |  | $ | 389.9 |  |  | $ | (2,867.9 | ) |  | $ | 2,847.5 |
Condensed Consolidating Statement of Cash Flows | Condensed Consolidating Statement of Cash Flows For the Six Months Ended June 30, 2016
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net cash from operating activities | $ | 138.6 |  |  | $ | 79.7 |  |  | $ | 1.3 |  |  | $ | — |  |  | $ | 219.6 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (18.8 | ) |  | (12.3 | ) |  | (9.5 | ) |  | — |  |  | (40.6 | )
Acquisition related investing activities—net of cash acquired | (0.9 | ) |  | — |  |  | — |  |  | — |  |  | (0.9 | )
Intercompany investing activities | (0.8 | ) |  | (71.7 | ) |  | 25.3 |  |  | 47.2 |  |  | — |
Other investing activities | (6.2 | ) |  | 5.1 |  |  | 2.0 |  |  | — |  |  | 0.9 |
Net cash from investing activities | (26.7 | ) |  | (78.9 | ) |  | 17.8 |  |  | 47.2 |  |  | (40.6 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Proceeds from issuance of long-term debt | — |  |  | — |  |  | 19.7 |  |  | — |  |  | 19.7 |
Payments of long-term debt and capital lease obligations | (149.5 | ) |  | (1.7 | ) |  | — |  |  | — |  |  | (151.2 | )
Borrowings on revolving credit facilities | 449.3 |  |  | — |  |  | 39.0 |  |  | — |  |  | 488.3 |
Payments on revolving credit facilities | (460.1 | ) |  | — |  |  | (39.0 | ) |  | — |  |  | (499.1 | )
Purchases of treasury stock | (8.8 | ) |  | — |  |  | — |  |  | — |  |  | (8.8 | )
Payment of cash dividends | (29.5 | ) |  | — |  |  | — |  |  | — |  |  | (29.5 | )
Intercompany financing activities | 86.8 |  |  | 0.1 |  |  | (39.7 | ) |  | (47.2 | ) |  | — |
Other financing activities | 0.2 |  |  | (0.2 | ) |  | — |  |  | — |  |  | — |
Net cash from financing activities | (111.6 | ) |  | (1.8 | ) |  | (20.0 | ) |  | (47.2 | ) |  | (180.6 | )
Effect of exchange rates on cash and cash equivalents | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Net increase (decrease) in cash and cash equivalents | 0.3 |  |  | (1.0 | ) |  | (1.4 | ) |  | — |  |  | (2.1 | )
Cash and cash equivalents at beginning of period | 2.3 |  |  | 2.8 |  |  | 5.7 |  |  | — |  |  | 10.8 |
Cash and cash equivalents at end of period | $ | 2.6 |  |  | $ | 1.8 |  |  | $ | 4.3 |  |  | $ | — |  |  | $ | 8.7 |
Condensed Consolidating Statement of Cash Flows For the Six Months Ended June 30, 2015
| Quad/Graphics, Inc. |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Total
OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net cash from operating activities | $ | 78.4 |  |  | $ | 31.7 |  |  | $ | 13.3 |  |  | $ | — |  |  | $ | 123.4 |
INVESTING ACTIVITIES |  |  |  |  |  |  |  |  |
Purchases of property, plant and equipment | (29.8 | ) |  | (46.6 | ) |  | (6.9 | ) |  | — |  |  | (83.3 | )
Acquisition related investing activities—net of cash acquired | — |  |  | (1.7 | ) |  | (78.2 | ) |  | — |  |  | (79.9 | )
Intercompany investing activities | (85.0 | ) |  | (92.3 | ) |  | (0.2 | ) |  | 177.5 |  |  | — |
Other investing activities | (1.1 | ) |  | 6.3 |  |  | 0.1 |  |  | — |  |  | 5.3 |
Net cash from investing activities | (115.9 | ) |  | (134.3 | ) |  | (85.2 | ) |  | 177.5 |  |  | (157.9 | )
FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |
Payments of long-term debt and capital lease obligations | (45.4 | ) |  | (1.6 | ) |  | — |  |  | — |  |  | (47.0 | )
Borrowings on revolving credit facilities | 764.8 |  |  | — |  |  | 28.4 |  |  | — |  |  | 793.2 |
Payments on revolving credit facilities | (651.4 | ) |  | — |  |  | (27.1 | ) |  | — |  |  | (678.5 | )
Payment of cash dividends | (30.1 | ) |  | — |  |  | — |  |  | — |  |  | (30.1 | )
Intercompany financing activities | (1.0 | ) |  | 103.0 |  |  | 75.5 |  |  | (177.5 | ) |  | — |
Other financing activities | 2.2 |  |  | (0.1 | ) |  | — |  |  | — |  |  | 2.1 |
Net cash from financing activities | 39.1 |  |  | 101.3 |  |  | 76.8 |  |  | (177.5 | ) |  | 39.7 |
Effect of exchange rates on cash and cash equivalents | — |  |  | — |  |  | (1.2 | ) |  | — |  |  | (1.2 | )
Net increase (decrease) in cash and cash equivalents | 1.6 |  |  | (1.3 | ) |  | 3.7 |  |  | — |  |  | 4.0 |
Cash and cash equivalents at beginning of period | 1.9 |  |  | 5.6 |  |  | 2.1 |  |  | — |  |  | 9.6 |
Cash and cash equivalents at end of period | $ | 3.5 |  |  | $ | 4.3 |  |  | $ | 5.8 |  |  | $ | — |  |  | $ | 13.6 |

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