|
SUPPLEMENTAL GUARANTOR INFORMATION (Details 2) (USD $) In Millions, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
|
Sep. 30, 2013
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
$ 1,269.4 |
$ 1,197.5 |
$ 3,500.0 |
$ 3,531.5 |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
1,107.3 |
1,003.9 |
3,110.6 |
2,975.7 |
| Selling, general and administrative expenses |
79.8 |
74.9 |
232.4 |
219.8 |
| Transaction-related costs and other, net |
7.8 |
14.8 |
23.8 |
33.7 |
| Long-lived asset impairment charges, net |
0.3 |
25.8 |
1.0 |
28.4 |
| Total operating costs and expenses |
1,195.2 |
1,119.4 |
3,367.8 |
3,257.6 |
| Operating income |
74.2 |
78.1 |
132.2 |
273.9 |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
(19.5) |
(19.7) |
(56.9) |
(57.4) |
| Loss on redemption and other debt costs |
|
|
|
(78.5) |
| Gain on acquisition of controlling interest |
|
|
|
23.5 |
| Foreign exchange gain (loss) |
(0.3) |
(0.4) |
(0.2) |
|
| Income before income taxes |
54.4 |
58.0 |
75.1 |
161.5 |
| Provision for (benefit from) income taxes |
9.3 |
18.7 |
12.5 |
51.3 |
| Consolidated net income |
45.1 |
39.3 |
62.6 |
110.2 |
| Less net income attributable to noncontrolling interest |
0.6 |
0.3 |
2.5 |
1.9 |
| Net income attributable to Axiall |
44.5 |
39.0 |
60.1 |
108.3 |
| Comprehensive income (loss) attributable to Axiall |
29.3 |
46.4 |
41.5 |
98.0 |
|
Reportable legal entity | Parent Company
|
|
|
|
|
| Operating costs and expenses: |
|
|
|
|
| Selling, general and administrative expenses |
12.2 |
10.0 |
33.4 |
27.8 |
| Transaction-related costs and other, net |
2.4 |
10.4 |
11.4 |
26.0 |
| Total operating costs and expenses |
14.6 |
20.4 |
44.8 |
53.8 |
| Operating income |
(14.6) |
(20.4) |
(44.8) |
(53.8) |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
7.6 |
(14.1) |
23.3 |
(42.8) |
| Loss on redemption and other debt costs |
|
|
|
(66.1) |
| Equity in income (loss) of subsidiaries |
49.5 |
56.0 |
75.8 |
213.5 |
| Income before income taxes |
42.5 |
21.5 |
54.3 |
50.8 |
| Provision for (benefit from) income taxes |
(2.0) |
(17.5) |
(5.8) |
(57.5) |
| Consolidated net income |
44.5 |
39.0 |
60.1 |
108.3 |
| Net income attributable to Axiall |
44.5 |
39.0 |
60.1 |
108.3 |
| Comprehensive income (loss) attributable to Axiall |
29.3 |
46.4 |
41.5 |
98.0 |
|
Reportable legal entity | Spinco | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
(22.0) |
(11.7) |
(65.3) |
(31.0) |
| Loss on redemption and other debt costs |
|
|
|
(12.4) |
| Equity in income (loss) of subsidiaries |
(5.0) |
46.4 |
(41.6) |
108.4 |
| Income before income taxes |
(27.0) |
34.7 |
(106.9) |
65.0 |
| Provision for (benefit from) income taxes |
(6.3) |
(5.5) |
(17.8) |
(15.4) |
| Consolidated net income |
(20.7) |
40.2 |
(89.1) |
80.4 |
| Net income attributable to Axiall |
(20.7) |
40.2 |
(89.1) |
80.4 |
| Comprehensive income (loss) attributable to Axiall |
(28.9) |
43.7 |
(137.8) |
75.0 |
|
Reportable legal entity | Guarantor Subsidiaries Excluding Eagle Spinco Inc | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
1,098.8 |
1,033.4 |
3,091.0 |
3,119.9 |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
982.1 |
884.6 |
2,808.3 |
2,669.4 |
| Selling, general and administrative expenses |
47.9 |
45.7 |
138.4 |
134.2 |
| Transaction-related costs and other, net |
2.0 |
1.4 |
7.4 |
4.3 |
| Long-lived asset impairment charges, net |
0.3 |
22.9 |
0.9 |
25.5 |
| Total operating costs and expenses |
1,032.3 |
954.6 |
2,955.0 |
2,833.4 |
| Operating income |
66.5 |
78.8 |
136.0 |
286.5 |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
0.4 |
11.9 |
1.4 |
33.5 |
| Gain on acquisition of controlling interest |
|
|
|
23.5 |
| Foreign exchange gain (loss) |
(0.2) |
|
(0.4) |
|
| Equity in income (loss) of subsidiaries |
6.6 |
4.9 |
15.3 |
13.8 |
| Income before income taxes |
73.3 |
95.6 |
152.3 |
357.3 |
| Provision for (benefit from) income taxes |
17.5 |
39.2 |
34.1 |
119.2 |
| Consolidated net income |
55.8 |
56.4 |
118.2 |
238.1 |
| Net income attributable to Axiall |
55.8 |
56.4 |
118.2 |
238.1 |
| Comprehensive income (loss) attributable to Axiall |
49.2 |
60.0 |
71.3 |
234.1 |
|
Reportable legal entity | Guarantor Subsidiaries Including Eagle Spinco Inc | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
1,098.8 |
1,033.4 |
3,091.0 |
3,119.9 |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
982.1 |
884.6 |
2,808.3 |
2,669.4 |
| Selling, general and administrative expenses |
47.9 |
45.7 |
138.4 |
134.2 |
| Transaction-related costs and other, net |
2.0 |
1.4 |
7.4 |
4.3 |
| Long-lived asset impairment charges, net |
0.3 |
22.9 |
0.9 |
25.5 |
| Total operating costs and expenses |
1,032.3 |
954.6 |
2,955.0 |
2,833.4 |
| Operating income |
66.5 |
78.8 |
136.0 |
286.5 |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
(21.6) |
0.2 |
(63.9) |
2.5 |
| Loss on redemption and other debt costs |
|
|
|
(12.4) |
| Gain on acquisition of controlling interest |
|
|
|
23.5 |
| Foreign exchange gain (loss) |
(0.2) |
|
(0.4) |
|
| Equity in income (loss) of subsidiaries |
6.6 |
4.9 |
15.3 |
13.8 |
| Income before income taxes |
51.3 |
83.9 |
87.0 |
313.9 |
| Provision for (benefit from) income taxes |
11.2 |
33.8 |
16.3 |
103.9 |
| Consolidated net income |
40.1 |
50.1 |
70.7 |
210.0 |
| Net income attributable to Axiall |
40.1 |
50.1 |
70.7 |
210.0 |
| Comprehensive income (loss) attributable to Axiall |
33.5 |
53.8 |
23.7 |
205.9 |
|
Reportable legal entity | Non-Guarantor Subsidiaries | 4.625 Notes, 4.875 Notes and Term Loan credit agreement
|
|
|
|
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
236.9 |
215.9 |
595.5 |
564.9 |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
191.5 |
171.1 |
488.8 |
459.6 |
| Selling, general and administrative expenses |
19.7 |
19.2 |
60.6 |
57.8 |
| Transaction-related costs and other, net |
3.4 |
3.0 |
5.0 |
3.4 |
| Long-lived asset impairment charges, net |
|
2.9 |
0.1 |
2.9 |
| Total operating costs and expenses |
214.6 |
196.2 |
554.5 |
523.7 |
| Operating income |
22.3 |
19.7 |
41.0 |
41.2 |
| Other income (expense): |
|
|
|
|
| Interest income (expense), net |
(5.5) |
(5.8) |
(16.3) |
(17.1) |
| Foreign exchange gain (loss) |
(0.1) |
(0.4) |
0.2 |
|
| Income before income taxes |
16.7 |
13.5 |
24.9 |
24.1 |
| Provision for (benefit from) income taxes |
0.1 |
2.4 |
2.0 |
4.9 |
| Consolidated net income |
16.6 |
11.1 |
22.9 |
19.2 |
| Less net income attributable to noncontrolling interest |
0.6 |
0.3 |
2.5 |
1.9 |
| Net income attributable to Axiall |
16.0 |
10.8 |
20.4 |
17.3 |
| Comprehensive income (loss) attributable to Axiall |
10.1 |
12.6 |
15.3 |
16.3 |
|
Eliminations
|
|
|
|
|
| Supplemental Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
|
|
|
|
| Net sales |
(66.3) |
(51.8) |
(186.5) |
(153.3) |
| Operating costs and expenses: |
|
|
|
|
| Cost of sales |
(66.3) |
(51.8) |
(186.5) |
(153.3) |
| Total operating costs and expenses |
(66.3) |
(51.8) |
(186.5) |
(153.3) |
| Other income (expense): |
|
|
|
|
| Equity in income (loss) of subsidiaries |
(56.1) |
(60.9) |
(91.1) |
(227.3) |
| Income before income taxes |
(56.1) |
(60.9) |
(91.1) |
(227.3) |
| Consolidated net income |
(56.1) |
(60.9) |
(91.1) |
(227.3) |
| Net income attributable to Axiall |
(56.1) |
(60.9) |
(91.1) |
(227.3) |
| Comprehensive income (loss) attributable to Axiall |
$ (43.6) |
$ (66.4) |
$ (39.0) |
$ (222.2) |