|
SUPPLEMENTAL GUARANTOR INFORMATION (Details) (USD $) In Millions, unless otherwise specified
|
Sep. 30, 2014
|
Dec. 31, 2013
|
Sep. 30, 2013
|
Dec. 31, 2012
|
| Supplemental Condensed Consolidating Balance Sheet Information |
|
|
|
|
| Ownership interest (as a percent) |
100.00% |
|
|
|
| Assets |
|
|
|
|
| Cash and cash equivalents |
$ 113.7 |
$ 166.5 |
$ 79.9 |
$ 200.3 |
| Receivables, net of allowance for doubtful accounts |
591.3 |
548.8 |
|
|
| Inventories |
405.8 |
403.6 |
|
|
| Prepaid expenses and other |
27.8 |
31.6 |
|
|
| Deferred income taxes |
24.2 |
18.0 |
|
|
| Total current assets |
1,162.8 |
1,168.5 |
|
|
| Property, plant and equipment, net |
1,660.7 |
1,658.7 |
|
|
| Goodwill |
1,754.8 |
1,763.2 |
|
|
| Customer relationships, net |
1,049.2 |
1,101.8 |
|
|
| Other intangible assets, net |
69.3 |
72.9 |
|
|
| Other assets, net |
104.5 |
112.1 |
|
|
| Total assets |
5,801.3 |
5,877.2 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
2.8 |
2.8 |
|
|
| Accounts payable |
372.6 |
313.7 |
|
|
| Interest payable |
12.8 |
15.4 |
|
|
| Income taxes payable |
10.5 |
17.1 |
|
|
| Accrued compensation |
26.8 |
61.5 |
|
|
| Other accrued current liabilities |
115.1 |
132.6 |
|
|
| Total current liabilities |
540.6 |
543.1 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
1,328.3 |
1,330.0 |
|
|
| Lease financing obligation |
97.5 |
104.7 |
|
|
| Deferred income taxes |
818.9 |
865.5 |
|
|
| Pension and other post retirement benefits |
119.0 |
129.8 |
|
|
| Other non-current liabilities |
163.4 |
175.8 |
|
|
| Total liabilities |
3,067.7 |
3,148.9 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
2,622.6 |
2,608.9 |
|
|
| Noncontrolling interest |
111.0 |
119.4 |
|
|
| Total equity |
2,733.6 |
2,728.3 |
|
|
| Total liabilities and equity |
5,801.3 |
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 |
151.2 |
162.5 |
|
|
| Prepaid expenses and other |
2.2 |
1.3 |
|
|
| Total current assets |
153.4 |
163.8 |
|
|
| Property, plant and equipment, net |
11.9 |
9.8 |
|
|
| Long-term receivables - affiliates |
1,307.5 |
1,328.6 |
|
|
| Other assets, net |
11.0 |
12.2 |
|
|
| Investments in subsidiaries |
1,814.6 |
1,747.7 |
|
|
| Total assets |
3,298.4 |
3,262.1 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
64.4 |
16.8 |
|
|
| Interest payable |
8.6 |
3.1 |
|
|
| Accrued compensation |
|
0.5 |
|
|
| Other accrued current liabilities |
16.0 |
12.9 |
|
|
| Total current liabilities |
89.0 |
33.3 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
450.0 |
450.0 |
|
|
| Deferred income taxes |
23.4 |
31.0 |
|
|
| Pension and other post retirement benefits |
3.5 |
13.7 |
|
|
| Other non-current liabilities |
109.9 |
125.2 |
|
|
| Total liabilities |
675.8 |
653.2 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
2,622.6 |
2,608.9 |
|
|
| Total equity |
2,622.6 |
2,608.9 |
|
|
| Total liabilities and equity |
3,298.4 |
3,262.1 |
|
|
|
Reportable legal entity | Spinco | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Assets |
|
|
|
|
| Other assets, net |
12.2 |
13.2 |
|
|
| Investments in subsidiaries |
2,876.4 |
2,950.8 |
|
|
| Total assets |
2,888.6 |
2,964.0 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
2.8 |
2.8 |
|
|
| Accounts payable |
175.9 |
119.6 |
|
|
| Interest payable |
4.2 |
12.3 |
|
|
| Total current liabilities |
182.9 |
134.7 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
878.3 |
880.0 |
|
|
| Long-term payables - affiliates |
900.0 |
900.0 |
|
|
| Total liabilities |
1,961.2 |
1,914.7 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
927.4 |
1,049.3 |
|
|
| Total equity |
927.4 |
1,049.3 |
|
|
| Total liabilities and equity |
2,888.6 |
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 |
54.3 |
76.9 |
15.7 |
131.4 |
| Receivables, net of allowance for doubtful accounts |
550.6 |
482.2 |
|
|
| Inventories |
306.2 |
310.5 |
|
|
| Prepaid expenses and other |
22.6 |
26.1 |
|
|
| Deferred income taxes |
26.9 |
20.5 |
|
|
| Total current assets |
960.6 |
916.2 |
|
|
| Property, plant and equipment, net |
1,351.8 |
1,325.6 |
|
|
| Goodwill |
1,497.8 |
1,496.6 |
|
|
| Customer relationships, net |
894.3 |
935.2 |
|
|
| Other intangible assets, net |
69.0 |
72.9 |
|
|
| Other assets, net |
71.3 |
71.7 |
|
|
| Investments in subsidiaries |
307.6 |
312.9 |
|
|
| Total assets |
5,152.4 |
5,131.1 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
314.7 |
319.6 |
|
|
| Income taxes payable |
10.1 |
12.2 |
|
|
| Accrued compensation |
16.2 |
49.6 |
|
|
| Other accrued current liabilities |
63.9 |
86.5 |
|
|
| Total current liabilities |
404.9 |
467.9 |
|
|
| Deferred income taxes |
755.6 |
790.9 |
|
|
| Pension and other post retirement benefits |
106.9 |
107.0 |
|
|
| Other non-current liabilities |
122.1 |
116.4 |
|
|
| Total liabilities |
1,389.5 |
1,482.2 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
3,762.9 |
3,648.9 |
|
|
| Total equity |
3,762.9 |
3,648.9 |
|
|
| Total liabilities and equity |
5,152.4 |
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 |
54.3 |
76.9 |
15.7 |
131.4 |
| Receivables, net of allowance for doubtful accounts |
525.8 |
478.7 |
|
|
| Inventories |
306.2 |
310.5 |
|
|
| Prepaid expenses and other |
22.6 |
26.1 |
|
|
| Deferred income taxes |
26.9 |
20.5 |
|
|
| Total current assets |
935.8 |
912.7 |
|
|
| Property, plant and equipment, net |
1,351.8 |
1,325.6 |
|
|
| Goodwill |
1,497.8 |
1,496.6 |
|
|
| Customer relationships, net |
894.3 |
935.2 |
|
|
| Other intangible assets, net |
69.0 |
72.9 |
|
|
| Other assets, net |
83.5 |
84.9 |
|
|
| Investments in subsidiaries |
307.6 |
312.9 |
|
|
| Total assets |
5,139.8 |
5,140.8 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Current portion of long-term debt |
2.8 |
2.8 |
|
|
| Accounts payable |
465.8 |
435.7 |
|
|
| Interest payable |
4.2 |
12.3 |
|
|
| Income taxes payable |
10.1 |
12.2 |
|
|
| Accrued compensation |
16.2 |
49.6 |
|
|
| Other accrued current liabilities |
63.9 |
86.5 |
|
|
| Total current liabilities |
563.0 |
599.1 |
|
|
| Long-term debt, excluding the current portion of long-term debt |
878.3 |
880.0 |
|
|
| Long-term payables - affiliates |
900.0 |
900.0 |
|
|
| Deferred income taxes |
755.6 |
790.9 |
|
|
| Pension and other post retirement benefits |
106.9 |
107.0 |
|
|
| Other non-current liabilities |
122.1 |
116.4 |
|
|
| Total liabilities |
3,325.9 |
3,393.4 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
1,813.9 |
1,747.4 |
|
|
| Total equity |
1,813.9 |
1,747.4 |
|
|
| Total liabilities and equity |
5,139.8 |
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 |
59.4 |
89.6 |
64.2 |
68.9 |
| Receivables, net of allowance for doubtful accounts |
120.9 |
73.3 |
|
|
| Inventories |
99.6 |
93.1 |
|
|
| Prepaid expenses and other |
5.3 |
4.2 |
|
|
| Deferred income taxes |
|
0.2 |
|
|
| Total current assets |
285.2 |
260.4 |
|
|
| Property, plant and equipment, net |
297.0 |
323.3 |
|
|
| Goodwill |
257.0 |
266.6 |
|
|
| Customer relationships, net |
154.9 |
166.6 |
|
|
| Other intangible assets, net |
0.3 |
|
|
|
| Other assets, net |
10.0 |
15.0 |
|
|
| Total assets |
1,004.4 |
1,031.9 |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
49.0 |
26.9 |
|
|
| Income taxes payable |
2.7 |
4.9 |
|
|
| Accrued compensation |
10.6 |
11.4 |
|
|
| Other accrued current liabilities |
37.9 |
35.9 |
|
|
| Total current liabilities |
100.2 |
79.1 |
|
|
| Long-term payables - affiliates |
407.5 |
428.6 |
|
|
| Lease financing obligation |
97.5 |
104.7 |
|
|
| Deferred income taxes |
39.9 |
43.6 |
|
|
| Pension and other post retirement benefits |
8.6 |
9.1 |
|
|
| Other non-current liabilities |
8.7 |
20.9 |
|
|
| Total liabilities |
662.4 |
686.0 |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
231.0 |
226.5 |
|
|
| Noncontrolling interest |
111.0 |
119.4 |
|
|
| Total equity |
342.0 |
345.9 |
|
|
| Total liabilities and equity |
1,004.4 |
1,031.9 |
|
|
|
Eliminations
|
|
|
|
|
| Assets |
|
|
|
|
| Receivables, net of allowance for doubtful accounts |
(206.6) |
(165.7) |
|
|
| Prepaid expenses and other |
(2.3) |
|
|
|
| Deferred income taxes |
(2.7) |
(2.7) |
|
|
| Total current assets |
(211.6) |
(168.4) |
|
|
| Long-term receivables - affiliates |
(1,307.5) |
(1,328.6) |
|
|
| Investments in subsidiaries |
(2,122.2) |
(2,060.6) |
|
|
| Total assets |
(3,641.3) |
(3,557.6) |
|
|
| Liabilities and Equity: |
|
|
|
|
| Accounts payable |
(206.6) |
(165.7) |
|
|
| Income taxes payable |
(2.3) |
|
|
|
| Other accrued current liabilities |
(2.7) |
(2.7) |
|
|
| Total current liabilities |
(211.6) |
(168.4) |
|
|
| Long-term payables - affiliates |
(1,307.5) |
(1,328.6) |
|
|
| Other non-current liabilities |
(77.3) |
(86.7) |
|
|
| Total liabilities |
(1,596.4) |
(1,583.7) |
|
|
| Equity: |
|
|
|
|
| Total Axiall stockholders' equity |
(2,044.9) |
(1,973.9) |
|
|
| Total equity |
(2,044.9) |
(1,973.9) |
|
|
| Total liabilities and equity |
$ (3,641.3) |
$ (3,557.6) |
|
|