|
SUPPLEMENTAL GUARANTOR INFORMATION (Details) (USD $) In Millions, unless otherwise specified
|
Jun. 30, 2014
|
Dec. 31, 2013
|
Jun. 30, 2013
|
Dec. 31, 2012
|
| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Ownership interest (as a percent) |
100.00% |
|
|
|
| Assets |
|
|
|
|
| Cash and cash equivalents |
$ 62.7 |
$ 166.5 |
$ 44.3 |
$ 200.3 |
| Receivables, net of allowance for doubtful accounts |
615.6 |
548.8 |
|
|
| Inventories |
423.1 |
403.6 |
|
|
| Prepaid expenses and other |
28.7 |
31.6 |
|
|
| Deferred income taxes |
25.6 |
18.0 |
|
|
| Total current assets |
1,155.7 |
1,168.5 |
|
|
| Property, plant and equipment, net |
1,663.0 |
1,658.7 |
|
|
| Goodwill |
1,763.4 |
1,763.2 |
|
|
| Customer relationships, net |
1,069.3 |
1,101.8 |
|
|
| Other intangible assets, net |
70.5 |
72.9 |
|
|
| Other assets, net |
105.8 |
112.1 |
|
|
| Total assets |
5,827.7 |
5,877.2 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
16.5 |
2.8 |
|
|
| Accounts payable |
362.7 |
313.7 |
|
|
| Interest payable |
15.2 |
15.4 |
|
|
| Income taxes payable |
9.2 |
17.1 |
|
|
| Accrued compensation |
29.6 |
61.5 |
|
|
| Other accrued current liabilities |
117.2 |
132.6 |
|
|
| Total current liabilities |
550.4 |
543.1 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
1,328.8 |
1,330.0 |
|
|
| Lease financing obligation |
102.0 |
104.7 |
|
|
| Deferred income taxes |
844.6 |
865.5 |
|
|
| Pension and other post retirement benefits |
122.5 |
129.8 |
|
|
| Other non-current liabilities |
166.7 |
175.8 |
|
|
| Total liabilities |
3,115.0 |
3,148.9 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
2,600.4 |
2,608.9 |
|
|
| Noncontrolling interest |
112.3 |
119.4 |
|
|
| Total equity |
2,712.7 |
2,728.3 |
|
|
| Total liabilities and equity |
5,827.7 |
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% |
4.875% |
|
|
|
Spinco and the other Guarantor Subsidiaries
|
|
|
|
|
| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Ownership interest (as a percent) |
100.00% |
|
|
|
|
Spinco | Splitco Notes
|
|
|
|
|
| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Interest rate (as a percent) |
4.625% |
4.625% |
|
|
|
Reportable legal entity | Parent Company
|
|
|
|
|
| Assets |
|
|
|
|
| Receivables, net of allowance for doubtful accounts |
139.6 |
162.5 |
|
|
| Prepaid expenses and other |
2.3 |
1.3 |
|
|
| Total current assets |
141.9 |
163.8 |
|
|
| Property, plant and equipment, net |
10.7 |
9.8 |
|
|
| Long-term receivables - affiliates |
1,327.3 |
1,328.6 |
|
|
| Other assets, net |
11.6 |
12.2 |
|
|
| Investments in subsidiaries |
1,781.0 |
1,747.7 |
|
|
| Total assets |
3,272.5 |
3,262.1 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
13.7 |
|
|
|
| Accounts payable |
26.2 |
16.8 |
|
|
| Interest payable |
3.0 |
3.1 |
|
|
| Accrued compensation |
|
0.5 |
|
|
| Other accrued current liabilities |
24.9 |
12.9 |
|
|
| Total current liabilities |
67.8 |
33.3 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
450.0 |
450.0 |
|
|
| Deferred income taxes |
30.9 |
31.0 |
|
|
| Pension and other post retirement benefits |
3.5 |
13.7 |
|
|
| Other non-current liabilities |
119.9 |
125.2 |
|
|
| Total liabilities |
672.1 |
653.2 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
2,600.4 |
2,608.9 |
|
|
| Total equity |
2,600.4 |
2,608.9 |
|
|
| Total liabilities and equity |
3,272.5 |
3,262.1 |
|
|
|
Reportable legal entity | Spinco | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Assets |
|
|
|
|
| Other assets, net |
12.6 |
13.2 |
|
|
| Investments in subsidiaries |
2,889.6 |
2,950.8 |
|
|
| Total assets |
2,902.2 |
2,964.0 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
2.8 |
2.8 |
|
|
| Accounts payable |
152.2 |
119.6 |
|
|
| Interest payable |
12.1 |
12.3 |
|
|
| Total current liabilities |
167.1 |
134.7 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
878.8 |
880.0 |
|
|
| Long-term payables - affiliates |
900.0 |
900.0 |
|
|
| Total liabilities |
1,945.9 |
1,914.7 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
956.3 |
1,049.3 |
|
|
| Total equity |
956.3 |
1,049.3 |
|
|
| Total liabilities and equity |
2,902.2 |
2,964.0 |
|
|
|
Reportable legal entity | Guarantor Subsidiaries Excluding Eagle Spinco Inc | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Assets |
|
|
|
|
| Cash and cash equivalents |
31.1 |
76.9 |
26.2 |
131.4 |
| Receivables, net of allowance for doubtful accounts |
529.1 |
482.2 |
|
|
| Inventories |
308.6 |
310.5 |
|
|
| Prepaid expenses and other |
20.2 |
26.1 |
|
|
| Deferred income taxes |
28.3 |
20.5 |
|
|
| Total current assets |
917.3 |
916.2 |
|
|
| Property, plant and equipment, net |
1,338.4 |
1,325.6 |
|
|
| Goodwill |
1,497.7 |
1,496.6 |
|
|
| Customer relationships, net |
908.1 |
935.2 |
|
|
| Other intangible assets, net |
70.1 |
72.9 |
|
|
| Other assets, net |
70.8 |
71.7 |
|
|
| Investments in subsidiaries |
312.0 |
312.9 |
|
|
| Total assets |
5,114.4 |
5,131.1 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
306.2 |
319.6 |
|
|
| Income taxes payable |
8.0 |
12.2 |
|
|
| Accrued compensation |
20.7 |
49.6 |
|
|
| Other accrued current liabilities |
59.6 |
86.5 |
|
|
| Total current liabilities |
394.5 |
467.9 |
|
|
| Deferred income taxes |
771.4 |
790.9 |
|
|
| Pension and other post retirement benefits |
110.1 |
107.0 |
|
|
| Other non-current liabilities |
124.8 |
116.4 |
|
|
| Total liabilities |
1,400.8 |
1,482.2 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
3,713.6 |
3,648.9 |
|
|
| Total equity |
3,713.6 |
3,648.9 |
|
|
| Total liabilities and equity |
5,114.4 |
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 |
31.1 |
76.9 |
26.2 |
131.4 |
| Receivables, net of allowance for doubtful accounts |
516.4 |
478.7 |
|
|
| Inventories |
308.6 |
310.5 |
|
|
| Prepaid expenses and other |
20.2 |
26.1 |
|
|
| Deferred income taxes |
28.3 |
20.5 |
|
|
| Total current assets |
904.6 |
912.7 |
|
|
| Property, plant and equipment, net |
1,338.4 |
1,325.6 |
|
|
| Goodwill |
1,497.7 |
1,496.6 |
|
|
| Customer relationships, net |
908.1 |
935.2 |
|
|
| Other intangible assets, net |
70.1 |
72.9 |
|
|
| Other assets, net |
83.5 |
84.9 |
|
|
| Investments in subsidiaries |
312.0 |
312.9 |
|
|
| Total assets |
5,114.4 |
5,140.8 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
2.8 |
2.8 |
|
|
| Accounts payable |
445.6 |
435.7 |
|
|
| Interest payable |
12.2 |
12.3 |
|
|
| Income taxes payable |
8.0 |
12.2 |
|
|
| Accrued compensation |
20.7 |
49.6 |
|
|
| Other accrued current liabilities |
59.6 |
86.5 |
|
|
| Total current liabilities |
548.9 |
599.1 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
878.8 |
880.0 |
|
|
| Long-term payables - affiliates |
900.0 |
900.0 |
|
|
| Deferred income taxes |
771.4 |
790.9 |
|
|
| Pension and other post retirement benefits |
110.1 |
107.0 |
|
|
| Other non-current liabilities |
124.8 |
116.4 |
|
|
| Total liabilities |
3,334.0 |
3,393.4 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
1,780.4 |
1,747.4 |
|
|
| Total equity |
1,780.4 |
1,747.4 |
|
|
| Total liabilities and equity |
5,114.4 |
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 |
31.6 |
89.6 |
18.1 |
68.9 |
| Receivables, net of allowance for doubtful accounts |
118.6 |
73.3 |
|
|
| Inventories |
114.5 |
93.1 |
|
|
| Prepaid expenses and other |
8.4 |
4.2 |
|
|
| Deferred income taxes |
|
0.2 |
|
|
| Total current assets |
273.1 |
260.4 |
|
|
| Property, plant and equipment, net |
313.9 |
323.3 |
|
|
| Goodwill |
265.7 |
266.6 |
|
|
| Customer relationships, net |
161.2 |
166.6 |
|
|
| Other intangible assets, net |
0.4 |
|
|
|
| Other assets, net |
10.7 |
15.0 |
|
|
| Total assets |
1,025.0 |
1,031.9 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
49.9 |
26.9 |
|
|
| Income taxes payable |
3.4 |
4.9 |
|
|
| Accrued compensation |
8.9 |
11.4 |
|
|
| Other accrued current liabilities |
35.4 |
35.9 |
|
|
| Total current liabilities |
97.6 |
79.1 |
|
|
| Long-term payables - affiliates |
427.3 |
428.6 |
|
|
| Lease financing obligation |
102.0 |
104.7 |
|
|
| Deferred income taxes |
42.3 |
43.6 |
|
|
| Pension and other post retirement benefits |
8.9 |
9.1 |
|
|
| Other non-current liabilities |
13.5 |
20.9 |
|
|
| Total liabilities |
691.6 |
686.0 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
221.1 |
226.5 |
|
|
| Noncontrolling interest |
112.3 |
119.4 |
|
|
| Total equity |
333.4 |
345.9 |
|
|
| Total liabilities and equity |
1,025.0 |
1,031.9 |
|
|
|
Eliminations
|
|
|
|
|
| Assets |
|
|
|
|
| Receivables, net of allowance for doubtful accounts |
(159.0) |
(165.7) |
|
|
| Prepaid expenses and other |
(2.2) |
|
|
|
| Deferred income taxes |
(2.7) |
(2.7) |
|
|
| Total current assets |
(163.9) |
(168.4) |
|
|
| Long-term receivables - affiliates |
(1,327.3) |
(1,328.6) |
|
|
| Investments in subsidiaries |
(2,093.0) |
(2,060.6) |
|
|
| Total assets |
(3,584.2) |
(3,557.6) |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
(159.0) |
(165.7) |
|
|
| Income taxes payable |
(2.2) |
|
|
|
| Other accrued current liabilities |
(2.7) |
(2.7) |
|
|
| Total current liabilities |
(163.9) |
(168.4) |
|
|
| Long-term payables - affiliates |
(1,327.3) |
(1,328.6) |
|
|
| Other non-current liabilities |
(91.5) |
(86.7) |
|
|
| Total liabilities |
(1,582.7) |
(1,583.7) |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
(2,001.5) |
(1,973.9) |
|
|
| Total equity |
(2,001.5) |
(1,973.9) |
|
|
| Total liabilities and equity |
$ (3,584.2) |
$ (3,557.6) |
|
|