| Schedule of Supplemental Condensed Consolidating Financial Position |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Financial Position |
As of June 30, 2019 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
374.2 |
|
|
$ |
0.4 |
|
|
$ |
2.6 |
|
|
$ |
— |
|
|
$ |
377.2 |
|
Accounts receivable, net |
8.1 |
|
|
188.8 |
|
|
0.3 |
|
|
(4.1 |
) |
|
193.1 |
|
Inventories |
— |
|
|
219.0 |
|
|
— |
|
|
— |
|
|
219.0 |
|
Supplies and other inventories |
— |
|
|
110.8 |
|
|
— |
|
|
— |
|
|
110.8 |
|
Derivative assets |
0.2 |
|
|
118.1 |
|
|
— |
|
|
— |
|
|
118.3 |
|
Income tax receivable, current |
58.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
58.7 |
|
Other current assets |
8.5 |
|
|
24.1 |
|
|
9.7 |
|
|
— |
|
|
42.3 |
|
TOTAL CURRENT ASSETS |
449.7 |
|
|
661.2 |
|
|
12.6 |
|
|
(4.1 |
) |
|
1,119.4 |
|
PROPERTY, PLANT AND EQUIPMENT, NET |
11.6 |
|
|
1,534.9 |
|
|
50.8 |
|
|
— |
|
|
1,597.3 |
|
OTHER ASSETS |
|
|
|
|
|
|
|
|
|
Deposits for property, plant and equipment |
— |
|
|
37.4 |
|
|
14.8 |
|
|
— |
|
|
52.2 |
|
Income tax receivable, non-current |
58.6 |
|
|
4.1 |
|
|
— |
|
|
— |
|
|
62.7 |
|
Deferred income taxes |
442.1 |
|
|
— |
|
|
1.2 |
|
|
— |
|
|
443.3 |
|
Investment in subsidiaries |
1,701.2 |
|
|
35.2 |
|
|
— |
|
|
(1,736.4 |
) |
|
— |
|
Long-term intercompany notes |
— |
|
|
— |
|
|
121.3 |
|
|
(121.3 |
) |
|
— |
|
Other non-current assets |
16.1 |
|
|
100.8 |
|
|
1.4 |
|
|
— |
|
|
118.3 |
|
TOTAL OTHER ASSETS |
2,218.0 |
|
|
177.5 |
|
|
138.7 |
|
|
(1,857.7 |
) |
|
676.5 |
|
TOTAL ASSETS |
$ |
2,679.3 |
|
|
$ |
2,373.6 |
|
|
$ |
202.1 |
|
|
$ |
(1,861.8 |
) |
|
$ |
3,393.2 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
Accounts payable |
$ |
7.8 |
|
|
$ |
180.2 |
|
|
$ |
4.2 |
|
|
$ |
(4.1 |
) |
|
$ |
188.1 |
|
Accrued employment costs |
16.1 |
|
|
42.2 |
|
|
0.1 |
|
|
— |
|
|
58.4 |
|
Accrued interest |
31.3 |
|
|
— |
|
|
— |
|
|
— |
|
|
31.3 |
|
Partnership distribution payable |
— |
|
|
44.1 |
|
|
— |
|
|
— |
|
|
44.1 |
|
Other current liabilities |
26.2 |
|
|
82.1 |
|
|
7.2 |
|
|
— |
|
|
115.5 |
|
TOTAL CURRENT LIABILITIES |
81.4 |
|
|
348.6 |
|
|
11.5 |
|
|
(4.1 |
) |
|
437.4 |
|
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES |
64.0 |
|
|
414.8 |
|
|
(239.5 |
) |
|
— |
|
|
239.3 |
|
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS |
— |
|
|
157.1 |
|
|
19.6 |
|
|
— |
|
|
176.7 |
|
LONG-TERM DEBT |
2,104.5 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,104.5 |
|
LONG-TERM INTERCOMPANY NOTES |
121.3 |
|
|
— |
|
|
— |
|
|
(121.3 |
) |
|
— |
|
OTHER LIABILITIES |
22.5 |
|
|
120.1 |
|
|
7.1 |
|
|
— |
|
|
149.7 |
|
TOTAL LIABILITIES |
2,393.7 |
|
|
1,040.6 |
|
|
(201.3 |
) |
|
(125.4 |
) |
|
3,107.6 |
|
EQUITY |
|
|
|
|
|
|
|
|
|
TOTAL EQUITY |
285.6 |
|
|
1,333.0 |
|
|
403.4 |
|
|
(1,736.4 |
) |
|
285.6 |
|
TOTAL LIABILITIES AND EQUITY |
$ |
2,679.3 |
|
|
$ |
2,373.6 |
|
|
$ |
202.1 |
|
|
$ |
(1,861.8 |
) |
|
$ |
3,393.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Financial Position |
As of December 31, 2018 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
819.8 |
|
|
$ |
0.7 |
|
|
$ |
2.7 |
|
|
$ |
— |
|
|
$ |
823.2 |
|
Accounts receivable, net |
9.2 |
|
|
221.3 |
|
|
0.3 |
|
|
(4.1 |
) |
|
226.7 |
|
Inventories |
— |
|
|
87.9 |
|
|
— |
|
|
— |
|
|
87.9 |
|
Supplies and other inventories |
— |
|
|
93.2 |
|
|
— |
|
|
— |
|
|
93.2 |
|
Derivative assets |
0.1 |
|
|
91.4 |
|
|
— |
|
|
— |
|
|
91.5 |
|
Income tax receivable, current |
117.3 |
|
|
— |
|
|
— |
|
|
— |
|
|
117.3 |
|
Other current assets |
10.0 |
|
|
16.9 |
|
|
12.9 |
|
|
— |
|
|
39.8 |
|
TOTAL CURRENT ASSETS |
956.4 |
|
|
511.4 |
|
|
15.9 |
|
|
(4.1 |
) |
|
1,479.6 |
|
PROPERTY, PLANT AND EQUIPMENT, NET |
13.3 |
|
|
1,221.9 |
|
|
50.8 |
|
|
— |
|
|
1,286.0 |
|
OTHER ASSETS |
|
|
|
|
|
|
|
|
|
Deposits for property, plant and equipment |
— |
|
|
68.4 |
|
|
14.6 |
|
|
— |
|
|
83.0 |
|
Income tax receivable, non-current |
117.2 |
|
|
4.1 |
|
|
— |
|
|
— |
|
|
121.3 |
|
Deferred income taxes |
463.6 |
|
|
— |
|
|
1.2 |
|
|
— |
|
|
464.8 |
|
Investment in subsidiaries |
1,262.3 |
|
|
50.8 |
|
|
— |
|
|
(1,313.1 |
) |
|
— |
|
Long-term intercompany notes |
— |
|
|
— |
|
|
121.3 |
|
|
(121.3 |
) |
|
— |
|
Other non-current assets |
8.0 |
|
|
85.4 |
|
|
1.5 |
|
|
— |
|
|
94.9 |
|
TOTAL OTHER ASSETS |
1,851.1 |
|
|
208.7 |
|
|
138.6 |
|
|
(1,434.4 |
) |
|
764.0 |
|
TOTAL ASSETS |
$ |
2,820.8 |
|
|
$ |
1,942.0 |
|
|
$ |
205.3 |
|
|
$ |
(1,438.5 |
) |
|
$ |
3,529.6 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
Accounts payable |
$ |
5.3 |
|
|
$ |
181.4 |
|
|
$ |
4.2 |
|
|
$ |
(4.1 |
) |
|
$ |
186.8 |
|
Accrued employment costs |
28.5 |
|
|
45.4 |
|
|
0.1 |
|
|
— |
|
|
74.0 |
|
Accrued interest |
38.4 |
|
|
— |
|
|
— |
|
|
— |
|
|
38.4 |
|
Partnership distribution payable |
— |
|
|
43.5 |
|
|
— |
|
|
— |
|
|
43.5 |
|
Other current liabilities |
30.6 |
|
|
86.7 |
|
|
8.2 |
|
|
— |
|
|
125.5 |
|
TOTAL CURRENT LIABILITIES |
102.8 |
|
|
357.0 |
|
|
12.5 |
|
|
(4.1 |
) |
|
468.2 |
|
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES |
64.3 |
|
|
414.4 |
|
|
(230.0 |
) |
|
— |
|
|
248.7 |
|
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS |
— |
|
|
152.1 |
|
|
19.9 |
|
|
— |
|
|
172.0 |
|
LONG-TERM DEBT |
2,092.9 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,092.9 |
|
LONG-TERM INTERCOMPANY NOTES |
121.3 |
|
|
— |
|
|
— |
|
|
(121.3 |
) |
|
— |
|
OTHER LIABILITIES |
15.3 |
|
|
99.5 |
|
|
8.8 |
|
|
— |
|
|
123.6 |
|
TOTAL LIABILITIES |
2,396.6 |
|
|
1,023.0 |
|
|
(188.8 |
) |
|
(125.4 |
) |
|
3,105.4 |
|
EQUITY |
|
|
|
|
|
|
|
|
|
TOTAL EQUITY |
424.2 |
|
|
919.0 |
|
|
394.1 |
|
|
(1,313.1 |
) |
|
424.2 |
|
TOTAL LIABILITIES AND EQUITY |
$ |
2,820.8 |
|
|
$ |
1,942.0 |
|
|
$ |
205.3 |
|
|
$ |
(1,438.5 |
) |
|
$ |
3,529.6 |
|
|
| Schedule of Supplemental Statements of Condensed Consolidating Operations and Comprehensive Income (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
For the Three Months Ended June 30, 2019 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
REVENUES FROM PRODUCT SALES AND SERVICES |
|
|
|
|
|
|
|
|
|
Product |
$ |
— |
|
|
$ |
697.4 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
697.4 |
|
Freight |
— |
|
|
45.8 |
|
|
— |
|
|
— |
|
|
45.8 |
|
|
— |
|
|
743.2 |
|
|
— |
|
|
— |
|
|
743.2 |
|
COST OF GOODS SOLD |
— |
|
|
(480.2 |
) |
|
— |
|
|
— |
|
|
(480.2 |
) |
SALES MARGIN |
— |
|
|
263.0 |
|
|
— |
|
|
— |
|
|
263.0 |
|
OTHER OPERATING EXPENSE |
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
(23.6 |
) |
|
(6.8 |
) |
|
(0.2 |
) |
|
— |
|
|
(30.6 |
) |
Miscellaneous – net |
— |
|
|
(4.8 |
) |
|
(0.8 |
) |
|
— |
|
|
(5.6 |
) |
|
(23.6 |
) |
|
(11.6 |
) |
|
(1.0 |
) |
|
— |
|
|
(36.2 |
) |
OPERATING INCOME (LOSS) |
(23.6 |
) |
|
251.4 |
|
|
(1.0 |
) |
|
— |
|
|
226.8 |
|
OTHER INCOME (EXPENSE) |
|
|
|
|
|
|
|
|
|
Interest income (expense), net |
(25.4 |
) |
|
(0.8 |
) |
|
0.1 |
|
|
— |
|
|
(26.1 |
) |
Loss on extinguishment of debt |
(17.9 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(17.9 |
) |
Other non-operating income (expense) |
(1.0 |
) |
|
(3.2 |
) |
|
4.8 |
|
|
— |
|
|
0.6 |
|
|
(44.3 |
) |
|
(4.0 |
) |
|
4.9 |
|
|
— |
|
|
(43.4 |
) |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
(67.9 |
) |
|
247.4 |
|
|
3.9 |
|
|
— |
|
|
183.4 |
|
INCOME TAX EXPENSE |
(21.8 |
) |
|
(0.2 |
) |
|
— |
|
|
— |
|
|
(22.0 |
) |
EQUITY IN INCOME OF SUBSIDIARIES |
250.4 |
|
|
4.3 |
|
|
— |
|
|
(254.7 |
) |
|
— |
|
INCOME FROM CONTINUING OPERATIONS |
160.7 |
|
|
251.5 |
|
|
3.9 |
|
|
(254.7 |
) |
|
161.4 |
|
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX |
0.1 |
|
|
0.1 |
|
|
(0.8 |
) |
|
— |
|
|
(0.6 |
) |
NET INCOME |
$ |
160.8 |
|
|
$ |
251.6 |
|
|
$ |
3.1 |
|
|
$ |
(254.7 |
) |
|
$ |
160.8 |
|
OTHER COMPREHENSIVE INCOME |
3.7 |
|
|
6.6 |
|
|
— |
|
|
(6.6 |
) |
|
3.7 |
|
TOTAL COMPREHENSIVE INCOME |
$ |
164.5 |
|
|
$ |
258.2 |
|
|
$ |
3.1 |
|
|
$ |
(261.3 |
) |
|
$ |
164.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
For the Three Months Ended June 30, 2018 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
REVENUES FROM PRODUCT SALES AND SERVICES |
|
|
|
|
|
|
|
|
|
Product |
$ |
— |
|
|
$ |
672.0 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
672.0 |
|
Freight |
— |
|
|
42.3 |
|
|
— |
|
|
— |
|
|
42.3 |
|
|
— |
|
|
714.3 |
|
|
— |
|
|
— |
|
|
714.3 |
|
COST OF GOODS SOLD |
— |
|
|
(429.8 |
) |
|
— |
|
|
— |
|
|
(429.8 |
) |
SALES MARGIN |
— |
|
|
284.5 |
|
|
— |
|
|
— |
|
|
284.5 |
|
OTHER OPERATING EXPENSE |
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
(19.7 |
) |
|
(6.4 |
) |
|
(0.1 |
) |
|
— |
|
|
(26.2 |
) |
Miscellaneous – net |
(0.2 |
) |
|
(3.6 |
) |
|
(0.3 |
) |
|
— |
|
|
(4.1 |
) |
|
(19.9 |
) |
|
(10.0 |
) |
|
(0.4 |
) |
|
— |
|
|
(30.3 |
) |
OPERATING INCOME (LOSS) |
(19.9 |
) |
|
274.5 |
|
|
(0.4 |
) |
|
— |
|
|
254.2 |
|
OTHER INCOME (EXPENSE) |
|
|
|
|
|
|
|
|
|
Interest income (expense), net |
(30.8 |
) |
|
(0.6 |
) |
|
0.2 |
|
|
— |
|
|
(31.2 |
) |
Gain on extinguishment of debt |
0.2 |
|
|
— |
|
|
— |
|
|
— |
|
|
0.2 |
|
Other non-operating income (expense) |
(0.8 |
) |
|
0.2 |
|
|
5.0 |
|
|
— |
|
|
4.4 |
|
|
(31.4 |
) |
|
(0.4 |
) |
|
5.2 |
|
|
— |
|
|
(26.6 |
) |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
(51.3 |
) |
|
274.1 |
|
|
4.8 |
|
|
— |
|
|
227.6 |
|
INCOME TAX BENEFIT (EXPENSE) |
2.1 |
|
|
(0.1 |
) |
|
(0.2 |
) |
|
— |
|
|
1.8 |
|
EQUITY IN INCOME OF SUBSIDIARIES |
210.4 |
|
|
4.6 |
|
|
— |
|
|
(215.0 |
) |
|
— |
|
INCOME FROM CONTINUING OPERATIONS |
161.2 |
|
|
278.6 |
|
|
4.6 |
|
|
(215.0 |
) |
|
229.4 |
|
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, net of tax |
3.9 |
|
|
(0.3 |
) |
|
(67.9 |
) |
|
— |
|
|
(64.3 |
) |
NET INCOME (LOSS) |
$ |
165.1 |
|
|
$ |
278.3 |
|
|
$ |
(63.3 |
) |
|
$ |
(215.0 |
) |
|
$ |
165.1 |
|
OTHER COMPREHENSIVE INCOME |
9.1 |
|
|
6.0 |
|
|
2.2 |
|
|
(8.2 |
) |
|
9.1 |
|
TOTAL COMPREHENSIVE INCOME (LOSS) |
$ |
174.2 |
|
|
$ |
284.3 |
|
|
$ |
(61.1 |
) |
|
$ |
(223.2 |
) |
|
$ |
174.2 |
|
|
| Schedule of Supplemental Statements of Condensed Consolidating Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Cash Flows |
For the Six Months Ended June 30, 2019 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
Net cash provided (used) by operating activities |
$ |
20.1 |
|
|
$ |
134.0 |
|
|
$ |
(3.0 |
) |
|
$ |
— |
|
|
$ |
151.1 |
|
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Purchase of property, plant and equipment |
(1.2 |
) |
|
(293.2 |
) |
|
— |
|
|
— |
|
|
(294.4 |
) |
Deposits for property, plant and equipment |
— |
|
|
(6.3 |
) |
|
(0.2 |
) |
|
— |
|
|
(6.5 |
) |
Intercompany investing |
(153.3 |
) |
|
(1.2 |
) |
|
— |
|
|
154.5 |
|
|
— |
|
Other investing activities |
— |
|
|
8.4 |
|
|
0.1 |
|
|
— |
|
|
8.5 |
|
Net cash used by investing activities |
(154.5 |
) |
|
(292.3 |
) |
|
(0.1 |
) |
|
154.5 |
|
|
(292.4 |
) |
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Repurchase of common shares |
(252.9 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(252.9 |
) |
Dividends paid |
(28.9 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(28.9 |
) |
Proceeds from issuance of debt |
720.9 |
|
|
— |
|
|
— |
|
|
— |
|
|
720.9 |
|
Debt issuance costs |
(6.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(6.8 |
) |
Repurchase of debt |
(729.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(729.3 |
) |
Intercompany financing |
— |
|
|
152.9 |
|
|
1.6 |
|
|
(154.5 |
) |
|
— |
|
Other financing activities |
(14.2 |
) |
|
5.1 |
|
|
(1.8 |
) |
|
— |
|
|
(10.9 |
) |
Net cash provided (used) by financing activities |
(311.2 |
) |
|
158.0 |
|
|
(0.2 |
) |
|
(154.5 |
) |
|
(307.9 |
) |
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN OTHER CURRENT ASSETS RELATED TO DISCONTINUED OPERATIONS |
(445.6 |
) |
|
(0.3 |
) |
|
(3.3 |
) |
|
— |
|
|
(449.2 |
) |
LESS: DECREASE IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS, CLASSIFIED WITHIN OTHER CURRENT ASSETS |
— |
|
|
— |
|
|
(3.2 |
) |
|
— |
|
|
(3.2 |
) |
NET DECREASE IN CASH AND CASH EQUIVALENTS |
(445.6 |
) |
|
(0.3 |
) |
|
(0.1 |
) |
|
— |
|
|
(446.0 |
) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
819.8 |
|
|
0.7 |
|
|
2.7 |
|
|
— |
|
|
823.2 |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD |
$ |
374.2 |
|
|
$ |
0.4 |
|
|
$ |
2.6 |
|
|
$ |
— |
|
|
$ |
377.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Cash Flows |
For the Six Months Ended June 30, 2018 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
Net cash provided (used) by operating activities |
$ |
(82.1 |
) |
|
$ |
83.5 |
|
|
$ |
(50.7 |
) |
|
$ |
— |
|
|
$ |
(49.3 |
) |
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Purchase of property, plant and equipment |
(0.3 |
) |
|
(41.8 |
) |
|
— |
|
|
— |
|
|
(42.1 |
) |
Deposits for property, plant and equipment |
— |
|
|
(67.6 |
) |
|
(4.7 |
) |
|
— |
|
|
(72.3 |
) |
Intercompany investing |
(35.2 |
) |
|
(5.5 |
) |
|
14.6 |
|
|
26.1 |
|
|
— |
|
Proceeds on sales of assets |
— |
|
|
0.4 |
|
|
14.2 |
|
|
— |
|
|
14.6 |
|
Net cash provided (used) by investing activities |
(35.5 |
) |
|
(114.5 |
) |
|
24.1 |
|
|
26.1 |
|
|
(99.8 |
) |
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Debt issuance costs |
(1.5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1.5 |
) |
Repurchase of debt |
(15.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(15.3 |
) |
Intercompany financing |
(14.6 |
) |
|
31.5 |
|
|
9.2 |
|
|
(26.1 |
) |
|
— |
|
Other financing activities |
(1.5 |
) |
|
(1.0 |
) |
|
(6.4 |
) |
|
— |
|
|
(8.9 |
) |
Net cash provided (used) by financing activities |
(32.9 |
) |
|
30.5 |
|
|
2.8 |
|
|
(26.1 |
) |
|
(25.7 |
) |
EFFECT OF EXCHANGE RATE CHANGES ON CASH |
— |
|
|
— |
|
|
(1.0 |
) |
|
— |
|
|
(1.0 |
) |
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN OTHER CURRENT ASSETS RELATED TO DISCONTINUED OPERATIONS |
(150.5 |
) |
|
(0.5 |
) |
|
(24.8 |
) |
|
— |
|
|
(175.8 |
) |
LESS: DECREASE IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS, CLASSIFIED WITHIN OTHER CURRENT ASSETS |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
NET DECREASE IN CASH AND CASH EQUIVALENTS |
(150.5 |
) |
|
(0.5 |
) |
|
(24.8 |
) |
|
— |
|
|
(175.8 |
) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
948.9 |
|
|
2.1 |
|
|
27.3 |
|
|
— |
|
|
978.3 |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD |
$ |
798.4 |
|
|
$ |
1.6 |
|
|
$ |
2.5 |
|
|
$ |
— |
|
|
$ |
802.5 |
|
|