|
SUPPLEMENTAL GUARANTOR INFORMATION (Details) (USD $) In Millions, unless otherwise specified
|
Mar. 31, 2014
|
Dec. 31, 2013
|
Mar. 31, 2013
|
Dec. 31, 2012
|
| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Ownership interest (as a percent) |
100.00% |
|
|
|
| Assets |
|
|
|
|
| Cash and cash equivalents |
$ 86.5 |
$ 166.5 |
$ 69.2 |
$ 200.3 |
| Receivables, net of allowance for doubtful accounts |
529.7 |
548.8 |
|
|
| Inventories |
443.4 |
403.6 |
|
|
| Prepaid expenses and other |
34.9 |
31.6 |
|
|
| Deferred income taxes |
20.5 |
18.0 |
|
|
| Total current assets |
1,115.0 |
1,168.5 |
|
|
| Property, plant and equipment, net |
1,646.0 |
1,658.7 |
|
|
| Goodwill |
1,755.2 |
1,763.2 |
|
|
| Customer relationships, net |
1,081.6 |
1,101.8 |
|
|
| Other intangible assets, net |
71.6 |
72.9 |
|
|
| Other assets, net |
103.5 |
112.1 |
|
|
| Total assets |
5,772.9 |
5,877.2 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
2.8 |
2.8 |
|
|
| Accounts payable |
339.2 |
313.7 |
|
|
| Interest payable |
12.7 |
15.4 |
|
|
| Income taxes payable |
3.9 |
17.1 |
|
|
| Accrued compensation |
25.7 |
61.5 |
|
|
| Other accrued current liabilities |
127.9 |
132.6 |
|
|
| Total current liabilities |
512.2 |
543.1 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
1,329.3 |
1,330.0 |
|
|
| Lease financing obligation |
100.6 |
104.7 |
|
|
| Deferred income taxes |
847.4 |
865.5 |
|
|
| Pensions and other post-retirement benefits |
125.9 |
129.8 |
|
|
| Other non-current liabilities |
166.0 |
175.8 |
|
|
| Total liabilities |
3,081.4 |
3,148.9 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
2,574.7 |
2,608.9 |
|
|
| Noncontrolling interest |
116.8 |
119.4 |
|
|
| Total equity |
2,691.5 |
2,728.3 |
|
|
| Total liabilities and equity |
5,772.9 |
5,877.2 |
|
|
|
Splitco Notes
|
|
|
|
|
| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Interest rate (as a percent) |
4.625% |
4.625% |
|
|
|
4.875 Notes
|
|
|
|
|
| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Interest rate (as a percent) |
4.875% |
|
|
|
|
Spinco and the other Guarantor Subsidiaries
|
|
|
|
|
| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Ownership interest (as a percent) |
100.00% |
|
|
|
|
Spinco | Splitco Notes
|
|
|
|
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| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Interest rate (as a percent) |
4.625% |
4.625% |
|
|
|
Guarantor Subsidiaries Including Eagle Spinco Inc | Transactions between Parent Company and Guarantor Subsidiaries | Restatement adjustment
|
|
|
|
|
| Assets |
|
|
|
|
| Receivables, net of allowance for doubtful accounts |
|
|
17.8 |
|
| Equity: |
|
|
|
|
| Total equity |
|
|
17.8 |
|
|
Reportable legal entity | Parent Company
|
|
|
|
|
| Assets |
|
|
|
|
| Receivables, net of allowance for doubtful accounts |
128.0 |
162.5 |
|
|
| Prepaid expenses and other |
0.8 |
1.3 |
|
|
| Total current assets |
128.8 |
163.8 |
|
|
| Property, plant and equipment, net |
10.8 |
9.8 |
|
|
| Long-term receivables - affiliates |
1,312.3 |
1,328.6 |
|
|
| Other assets, net |
12.4 |
12.2 |
|
|
| Investments in subsidiaries |
1,757.3 |
1,747.7 |
|
|
| Total assets |
3,221.6 |
3,262.1 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
16.0 |
16.8 |
|
|
| Interest payable |
8.5 |
3.1 |
|
|
| Accrued compensation |
|
0.5 |
|
|
| Other accrued current liabilities |
23.2 |
12.9 |
|
|
| Total current liabilities |
47.7 |
33.3 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
450.0 |
450.0 |
|
|
| Deferred income taxes |
25.2 |
31.0 |
|
|
| Pensions and other post-retirement benefits |
3.4 |
13.7 |
|
|
| Other non-current liabilities |
120.6 |
125.2 |
|
|
| Total liabilities |
646.9 |
653.2 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
2,574.7 |
2,608.9 |
|
|
| Total equity |
2,574.7 |
2,608.9 |
|
|
| Total liabilities and equity |
3,221.6 |
3,262.1 |
|
|
|
Reportable legal entity | Spinco | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Assets |
|
|
|
|
| Other assets, net |
12.8 |
13.2 |
|
|
| Investments in subsidiaries |
2,877.9 |
2,950.8 |
|
|
| Total assets |
2,890.7 |
2,964.0 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
2.8 |
2.8 |
|
|
| Accounts payable |
143.2 |
119.6 |
|
|
| Interest payable |
4.2 |
12.3 |
|
|
| Total current liabilities |
150.2 |
134.7 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
879.3 |
880.0 |
|
|
| Long-term payables - affiliates |
900.0 |
900.0 |
|
|
| Total liabilities |
1,929.5 |
1,914.7 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
961.2 |
1,049.3 |
|
|
| Total equity |
961.2 |
1,049.3 |
|
|
| Total liabilities and equity |
2,890.7 |
2,964.0 |
|
|
|
Reportable legal entity | Guarantor Subsidiariess Excluding Eagle Spinco Inc | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Assets |
|
|
|
|
| Cash and cash equivalents |
48.6 |
76.9 |
8.6 |
131.4 |
| Receivables, net of allowance for doubtful accounts |
467.4 |
482.2 |
|
|
| Inventories |
326.7 |
310.5 |
|
|
| Prepaid expenses and other |
24.8 |
26.1 |
|
|
| Deferred income taxes |
23.2 |
20.5 |
|
|
| Total current assets |
890.7 |
916.2 |
|
|
| Property, plant and equipment, net |
1,311.3 |
1,325.6 |
|
|
| Goodwill |
1,495.6 |
1,496.6 |
|
|
| Customer relationships, net |
921.8 |
935.2 |
|
|
| Other intangible assets, net |
71.3 |
72.9 |
|
|
| Other assets, net |
67.7 |
71.7 |
|
|
| Investments in subsidiaries |
309.5 |
312.9 |
|
|
| Total assets |
5,067.9 |
5,131.1 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
287.4 |
319.6 |
|
|
| Income taxes payable |
0.2 |
12.2 |
|
|
| Accrued compensation |
16.9 |
49.6 |
|
|
| Other accrued current liabilities |
71.2 |
86.5 |
|
|
| Total current liabilities |
375.7 |
467.9 |
|
|
| Deferred income taxes |
780.4 |
790.9 |
|
|
| Pensions and other post-retirement benefits |
113.7 |
107.0 |
|
|
| Other non-current liabilities |
123.9 |
116.4 |
|
|
| Total liabilities |
1,393.7 |
1,482.2 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
3,674.2 |
3,648.9 |
|
|
| Total equity |
3,674.2 |
3,648.9 |
|
|
| Total liabilities and equity |
5,067.9 |
5,131.1 |
|
|
|
Reportable legal entity | Guarantor Subsidiaries Including Eagle Spinco Inc | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Assets |
|
|
|
|
| Cash and cash equivalents |
48.6 |
76.9 |
8.6 |
131.4 |
| Receivables, net of allowance for doubtful accounts |
451.9 |
478.7 |
|
|
| Inventories |
326.7 |
310.5 |
|
|
| Prepaid expenses and other |
24.8 |
26.1 |
|
|
| Deferred income taxes |
23.2 |
20.5 |
|
|
| Total current assets |
875.2 |
912.7 |
|
|
| Property, plant and equipment, net |
1,311.3 |
1,325.6 |
|
|
| Goodwill |
1,495.6 |
1,496.6 |
|
|
| Customer relationships, net |
921.8 |
935.2 |
|
|
| Other intangible assets, net |
71.3 |
72.9 |
|
|
| Other assets, net |
80.5 |
84.9 |
|
|
| Investments in subsidiaries |
309.5 |
312.9 |
|
|
| Total assets |
5,065.2 |
5,140.8 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
2.8 |
2.8 |
|
|
| Accounts payable |
415.0 |
435.7 |
|
|
| Interest payable |
4.2 |
12.3 |
|
|
| Income taxes payable |
0.2 |
12.2 |
|
|
| Accrued compensation |
16.9 |
49.6 |
|
|
| Other accrued current liabilities |
71.2 |
86.5 |
|
|
| Total current liabilities |
510.3 |
599.1 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
879.3 |
880.0 |
|
|
| Long-term payables - affiliates |
900.0 |
900.0 |
|
|
| Deferred income taxes |
780.4 |
790.9 |
|
|
| Pensions and other post-retirement benefits |
113.7 |
107.0 |
|
|
| Other non-current liabilities |
123.9 |
116.4 |
|
|
| Total liabilities |
3,307.6 |
3,393.4 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
1,757.6 |
1,747.4 |
|
|
| Total equity |
1,757.6 |
1,747.4 |
|
|
| Total liabilities and equity |
5,065.2 |
5,140.8 |
|
|
|
Reportable legal entity | Non-Guarantor Subsidiaries | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Assets |
|
|
|
|
| Cash and cash equivalents |
37.9 |
89.6 |
60.6 |
68.9 |
| Receivables, net of allowance for doubtful accounts |
83.7 |
73.3 |
|
|
| Inventories |
116.7 |
93.1 |
|
|
| Prepaid expenses and other |
9.5 |
4.2 |
|
|
| Deferred income taxes |
|
0.2 |
|
|
| Total current assets |
247.8 |
260.4 |
|
|
| Property, plant and equipment, net |
323.9 |
323.3 |
|
|
| Goodwill |
259.6 |
266.6 |
|
|
| Customer relationships, net |
159.8 |
166.6 |
|
|
| Other intangible assets, net |
0.3 |
|
|
|
| Other assets, net |
10.6 |
15.0 |
|
|
| Total assets |
1,002.0 |
1,031.9 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
42.1 |
26.9 |
|
|
| Income taxes payable |
3.9 |
4.9 |
|
|
| Accrued compensation |
8.8 |
11.4 |
|
|
| Other accrued current liabilities |
36.2 |
35.9 |
|
|
| Total current liabilities |
91.0 |
79.1 |
|
|
| Long-term payables - affiliates |
412.3 |
428.6 |
|
|
| Lease financing obligation |
100.6 |
104.7 |
|
|
| Deferred income taxes |
41.8 |
43.6 |
|
|
| Pensions and other post-retirement benefits |
8.8 |
9.1 |
|
|
| Other non-current liabilities |
13.0 |
20.9 |
|
|
| Total liabilities |
667.5 |
686.0 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
217.7 |
226.5 |
|
|
| Noncontrolling interest |
116.8 |
119.4 |
|
|
| Total equity |
334.5 |
345.9 |
|
|
| Total liabilities and equity |
1,002.0 |
1,031.9 |
|
|
|
Eliminations
|
|
|
|
|
| Assets |
|
|
|
|
| Receivables, net of allowance for doubtful accounts |
(133.9) |
(165.7) |
|
|
| Prepaid expenses and other |
(0.2) |
|
|
|
| Deferred income taxes |
(2.7) |
(2.7) |
|
|
| Total current assets |
(136.8) |
(168.4) |
|
|
| Long-term receivables - affiliates |
(1,312.3) |
(1,328.6) |
|
|
| Investments in subsidiaries |
(2,066.8) |
(2,060.6) |
|
|
| Total assets |
(3,515.9) |
(3,557.6) |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
(133.9) |
(165.7) |
|
|
| Income taxes payable |
(0.2) |
|
|
|
| Other accrued current liabilities |
(2.7) |
(2.7) |
|
|
| Total current liabilities |
(136.8) |
(168.4) |
|
|
| Long-term payables - affiliates |
(1,312.3) |
(1,328.6) |
|
|
| Other non-current liabilities |
(91.5) |
(86.7) |
|
|
| Total liabilities |
(1,540.6) |
(1,583.7) |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
(1,975.3) |
(1,973.9) |
|
|
| Total equity |
(1,975.3) |
(1,973.9) |
|
|
| Total liabilities and equity |
$ (3,515.9) |
$ (3,557.6) |
|
|