| Schedule of Supplemental Condensed Consolidating Financial Position |
|
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|
|
|
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|
|
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|
|
|
|
Unaudited Condensed Consolidating Statement of Financial Position |
As of September 30, 2019 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
$ |
396.2 |
|
|
$ |
0.4 |
|
|
$ |
2.7 |
|
|
$ |
— |
|
|
$ |
399.3 |
|
Accounts receivable, net |
7.4 |
|
|
161.4 |
|
|
0.2 |
|
|
(4.1 |
) |
|
164.9 |
|
Finished goods inventories |
— |
|
|
162.2 |
|
|
— |
|
|
— |
|
|
162.2 |
|
Work-in-process inventories |
— |
|
|
55.2 |
|
|
— |
|
|
— |
|
|
55.2 |
|
Supplies and other inventories |
— |
|
|
110.8 |
|
|
— |
|
|
— |
|
|
110.8 |
|
Derivative assets |
— |
|
|
72.8 |
|
|
— |
|
|
— |
|
|
72.8 |
|
Income tax receivable, current |
58.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
58.7 |
|
Other current assets |
9.3 |
|
|
22.9 |
|
|
8.5 |
|
|
— |
|
|
40.7 |
|
TOTAL CURRENT ASSETS |
471.6 |
|
|
585.7 |
|
|
11.4 |
|
|
(4.1 |
) |
|
1,064.6 |
|
PROPERTY, PLANT AND EQUIPMENT, NET |
12.3 |
|
|
1,706.8 |
|
|
50.8 |
|
|
— |
|
|
1,769.9 |
|
OTHER ASSETS |
|
|
|
|
|
|
|
|
|
Deposits for property, plant and equipment |
— |
|
|
27.1 |
|
|
14.5 |
|
|
— |
|
|
41.6 |
|
Income tax receivable, non-current |
58.6 |
|
|
4.1 |
|
|
— |
|
|
— |
|
|
62.7 |
|
Deferred income taxes |
436.3 |
|
|
— |
|
|
1.2 |
|
|
— |
|
|
437.5 |
|
Investment in subsidiaries |
1,780.5 |
|
|
39.7 |
|
|
— |
|
|
(1,820.2 |
) |
|
— |
|
Long-term intercompany notes |
— |
|
|
— |
|
|
121.3 |
|
|
(121.3 |
) |
|
— |
|
Other non-current assets |
15.6 |
|
|
98.0 |
|
|
1.3 |
|
|
— |
|
|
114.9 |
|
TOTAL OTHER ASSETS |
2,291.0 |
|
|
168.9 |
|
|
138.3 |
|
|
(1,941.5 |
) |
|
656.7 |
|
TOTAL ASSETS |
$ |
2,774.9 |
|
|
$ |
2,461.4 |
|
|
$ |
200.5 |
|
|
$ |
(1,945.6 |
) |
|
$ |
3,491.2 |
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
|
Accounts payable |
$ |
4.7 |
|
|
$ |
207.8 |
|
|
$ |
4.4 |
|
|
$ |
(4.1 |
) |
|
$ |
212.8 |
|
Accrued employment costs |
17.1 |
|
|
40.1 |
|
|
0.1 |
|
|
— |
|
|
57.3 |
|
Accrued interest |
34.1 |
|
|
— |
|
|
— |
|
|
— |
|
|
34.1 |
|
Derivative liabilities |
2.4 |
|
|
30.2 |
|
|
— |
|
|
— |
|
|
32.6 |
|
Partnership distribution payable |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
Other current liabilities |
38.5 |
|
|
75.9 |
|
|
7.3 |
|
|
— |
|
|
121.7 |
|
TOTAL CURRENT LIABILITIES |
96.8 |
|
|
354.0 |
|
|
11.8 |
|
|
(4.1 |
) |
|
458.5 |
|
PENSION AND POSTEMPLOYMENT BENEFIT LIABILITIES |
63.3 |
|
|
414.2 |
|
|
(244.3 |
) |
|
— |
|
|
233.2 |
|
ENVIRONMENTAL AND MINE CLOSURE OBLIGATIONS |
— |
|
|
159.7 |
|
|
19.4 |
|
|
— |
|
|
179.1 |
|
LONG-TERM DEBT |
2,109.1 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,109.1 |
|
LONG-TERM INTERCOMPANY NOTES |
121.3 |
|
|
— |
|
|
— |
|
|
(121.3 |
) |
|
— |
|
OTHER LIABILITIES |
24.5 |
|
|
120.8 |
|
|
6.1 |
|
|
— |
|
|
151.4 |
|
TOTAL LIABILITIES |
2,415.0 |
|
|
1,048.7 |
|
|
(207.0 |
) |
|
(125.4 |
) |
|
3,131.3 |
|
EQUITY |
|
|
|
|
|
|
|
|
|
TOTAL EQUITY |
359.9 |
|
|
1,412.7 |
|
|
407.5 |
|
|
(1,820.2 |
) |
|
359.9 |
|
TOTAL LIABILITIES AND EQUITY |
$ |
2,774.9 |
|
|
$ |
2,461.4 |
|
|
$ |
200.5 |
|
|
$ |
(1,945.6 |
) |
|
$ |
3,491.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
Finished goods inventories |
— |
|
|
77.8 |
|
|
— |
|
|
— |
|
|
77.8 |
|
Work-in-process inventories |
— |
|
|
10.1 |
|
|
— |
|
|
— |
|
|
10.1 |
|
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 |
|
Derivative liabilities |
3.7 |
|
|
— |
|
|
— |
|
|
— |
|
|
3.7 |
|
Partnership distribution payable |
— |
|
|
43.5 |
|
|
— |
|
|
— |
|
|
43.5 |
|
Other current liabilities |
26.9 |
|
|
86.7 |
|
|
8.2 |
|
|
— |
|
|
121.8 |
|
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) |
|
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|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Operations and Comprehensive Income |
For the Three Months Ended September 30, 2019 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
REVENUES FROM PRODUCT SALES AND SERVICES |
|
|
|
|
|
|
|
|
|
Product |
$ |
— |
|
|
$ |
515.0 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
515.0 |
|
Freight |
— |
|
|
40.6 |
|
|
— |
|
|
— |
|
|
40.6 |
|
|
— |
|
|
555.6 |
|
|
— |
|
|
— |
|
|
555.6 |
|
COST OF GOODS SOLD |
— |
|
|
(400.7 |
) |
|
— |
|
|
— |
|
|
(400.7 |
) |
SALES MARGIN |
— |
|
|
154.9 |
|
|
— |
|
|
— |
|
|
154.9 |
|
OTHER OPERATING EXPENSE |
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
(20.7 |
) |
|
(4.7 |
) |
|
(0.1 |
) |
|
— |
|
|
(25.5 |
) |
Miscellaneous – net |
— |
|
|
(7.7 |
) |
|
(0.1 |
) |
|
— |
|
|
(7.8 |
) |
|
(20.7 |
) |
|
(12.4 |
) |
|
(0.2 |
) |
|
— |
|
|
(33.3 |
) |
OPERATING INCOME (LOSS) |
(20.7 |
) |
|
142.5 |
|
|
(0.2 |
) |
|
— |
|
|
121.6 |
|
OTHER INCOME (EXPENSE) |
|
|
|
|
|
|
|
|
|
Interest income (expense), net |
(24.9 |
) |
|
(0.6 |
) |
|
0.2 |
|
|
— |
|
|
(25.3 |
) |
Other non-operating income (expense) |
(0.9 |
) |
|
(3.4 |
) |
|
4.6 |
|
|
— |
|
|
0.3 |
|
|
(25.8 |
) |
|
(4.0 |
) |
|
4.8 |
|
|
— |
|
|
(25.0 |
) |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
(46.5 |
) |
|
138.5 |
|
|
4.6 |
|
|
— |
|
|
96.6 |
|
INCOME TAX EXPENSE |
(4.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(4.8 |
) |
EQUITY IN INCOME OF SUBSIDIARIES |
142.2 |
|
|
4.6 |
|
|
— |
|
|
(146.8 |
) |
|
— |
|
INCOME FROM CONTINUING OPERATIONS |
90.9 |
|
|
143.1 |
|
|
4.6 |
|
|
(146.8 |
) |
|
91.8 |
|
LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX |
— |
|
|
(0.3 |
) |
|
(0.6 |
) |
|
— |
|
|
(0.9 |
) |
NET INCOME |
$ |
90.9 |
|
|
$ |
142.8 |
|
|
$ |
4.0 |
|
|
$ |
(146.8 |
) |
|
$ |
90.9 |
|
OTHER COMPREHENSIVE INCOME |
6.2 |
|
|
6.8 |
|
|
— |
|
|
(6.8 |
) |
|
6.2 |
|
TOTAL COMPREHENSIVE INCOME |
$ |
97.1 |
|
|
$ |
149.6 |
|
|
$ |
4.0 |
|
|
$ |
(153.6 |
) |
|
$ |
97.1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) |
For the Three Months Ended September 30, 2018 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
REVENUES FROM PRODUCT SALES AND SERVICES |
|
|
|
|
|
|
|
|
|
Product |
$ |
— |
|
|
$ |
684.7 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
684.7 |
|
Freight |
— |
|
|
57.1 |
|
|
— |
|
|
— |
|
|
57.1 |
|
|
— |
|
|
741.8 |
|
|
— |
|
|
— |
|
|
741.8 |
|
COST OF GOODS SOLD |
— |
|
|
(480.2 |
) |
|
— |
|
|
— |
|
|
(480.2 |
) |
SALES MARGIN |
— |
|
|
261.6 |
|
|
— |
|
|
— |
|
|
261.6 |
|
OTHER OPERATING EXPENSE |
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
(23.1 |
) |
|
(5.7 |
) |
|
(0.3 |
) |
|
— |
|
|
(29.1 |
) |
Miscellaneous – net |
— |
|
|
(6.5 |
) |
|
(0.5 |
) |
|
— |
|
|
(7.0 |
) |
|
(23.1 |
) |
|
(12.2 |
) |
|
(0.8 |
) |
|
— |
|
|
(36.1 |
) |
OPERATING INCOME (LOSS) |
(23.1 |
) |
|
249.4 |
|
|
(0.8 |
) |
|
— |
|
|
225.5 |
|
OTHER INCOME (EXPENSE) |
|
|
|
|
|
|
|
|
|
Interest income (expense), net |
(29.2 |
) |
|
(0.4 |
) |
|
0.1 |
|
|
— |
|
|
(29.5 |
) |
Other non-operating income (expense) |
(0.9 |
) |
|
0.1 |
|
|
5.1 |
|
|
— |
|
|
4.3 |
|
|
(30.1 |
) |
|
(0.3 |
) |
|
5.2 |
|
|
— |
|
|
(25.2 |
) |
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
(53.2 |
) |
|
249.1 |
|
|
4.4 |
|
|
— |
|
|
200.3 |
|
INCOME TAX EXPENSE |
(0.3 |
) |
|
— |
|
|
(0.2 |
) |
|
— |
|
|
(0.5 |
) |
EQUITY IN INCOME OF SUBSIDIARIES |
471.0 |
|
|
4.7 |
|
|
— |
|
|
(475.7 |
) |
|
— |
|
INCOME FROM CONTINUING OPERATIONS |
417.5 |
|
|
253.8 |
|
|
4.2 |
|
|
(475.7 |
) |
|
199.8 |
|
INCOME FROM DISCONTINUED OPERATIONS, net of tax |
20.3 |
|
|
12.9 |
|
|
204.8 |
|
|
— |
|
|
238.0 |
|
NET INCOME |
$ |
437.8 |
|
|
$ |
266.7 |
|
|
$ |
209.0 |
|
|
$ |
(475.7 |
) |
|
$ |
437.8 |
|
OTHER COMPREHENSIVE INCOME (LOSS) |
(221.2 |
) |
|
6.1 |
|
|
(230.5 |
) |
|
224.4 |
|
|
(221.2 |
) |
TOTAL COMPREHENSIVE INCOME (LOSS) |
$ |
216.6 |
|
|
$ |
272.8 |
|
|
$ |
(21.5 |
) |
|
$ |
(251.3 |
) |
|
$ |
216.6 |
|
|
| Schedule of Supplemental Statements of Condensed Consolidating Cash Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2019 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
Net cash provided (used) by operating activities |
$ |
(11.0 |
) |
|
$ |
402.8 |
|
|
$ |
(3.7 |
) |
|
$ |
— |
|
|
$ |
388.1 |
|
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Purchase of property, plant and equipment |
(1.2 |
) |
|
(446.7 |
) |
|
— |
|
|
— |
|
|
(447.9 |
) |
Deposits for property, plant and equipment |
— |
|
|
(12.3 |
) |
|
(0.5 |
) |
|
— |
|
|
(12.8 |
) |
Intercompany investing |
(83.6 |
) |
|
(1.2 |
) |
|
— |
|
|
84.8 |
|
|
— |
|
Other investing activities |
— |
|
|
10.4 |
|
|
0.8 |
|
|
— |
|
|
11.2 |
|
Net cash provided (used) by investing activities |
(84.8 |
) |
|
(449.8 |
) |
|
0.3 |
|
|
84.8 |
|
|
(449.5 |
) |
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Repurchase of common shares |
(252.9 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(252.9 |
) |
Dividends paid |
(45.1 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(45.1 |
) |
Proceeds from issuance of debt |
720.9 |
|
|
— |
|
|
— |
|
|
— |
|
|
720.9 |
|
Debt issuance costs |
(6.8 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(6.8 |
) |
Repurchase of debt |
(729.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(729.3 |
) |
Distributions of partnership equity |
— |
|
|
(44.2 |
) |
|
— |
|
|
— |
|
|
(44.2 |
) |
Intercompany financing |
— |
|
|
83.1 |
|
|
1.7 |
|
|
(84.8 |
) |
|
— |
|
Other financing activities |
(14.6 |
) |
|
7.8 |
|
|
(2.7 |
) |
|
— |
|
|
(9.5 |
) |
Net cash provided (used) by financing activities |
(327.8 |
) |
|
46.7 |
|
|
(1.0 |
) |
|
(84.8 |
) |
|
(366.9 |
) |
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN OTHER CURRENT ASSETS RELATED TO DISCONTINUED OPERATIONS |
(423.6 |
) |
|
(0.3 |
) |
|
(4.4 |
) |
|
— |
|
|
(428.3 |
) |
LESS: DECREASE IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS, CLASSIFIED WITHIN OTHER CURRENT ASSETS |
— |
|
|
— |
|
|
(4.4 |
) |
|
— |
|
|
(4.4 |
) |
NET DECREASE IN CASH AND CASH EQUIVALENTS |
(423.6 |
) |
|
(0.3 |
) |
|
— |
|
|
— |
|
|
(423.9 |
) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
819.8 |
|
|
0.7 |
|
|
2.7 |
|
|
— |
|
|
823.2 |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD |
$ |
396.2 |
|
|
$ |
0.4 |
|
|
$ |
2.7 |
|
|
$ |
— |
|
|
$ |
399.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Condensed Consolidating Statement of Cash Flows |
For the Nine Months Ended September 30, 2018 |
(In Millions) |
|
Cleveland-Cliffs Inc. |
|
Guarantor Subsidiaries |
|
Non-Guarantor Subsidiaries |
|
Eliminations |
|
Consolidated |
Net cash provided (used) by operating activities |
$ |
(100.6 |
) |
|
$ |
425.6 |
|
|
$ |
(136.3 |
) |
|
$ |
— |
|
|
$ |
188.7 |
|
INVESTING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Purchase of property, plant and equipment |
(1.1 |
) |
|
(110.2 |
) |
|
(0.1 |
) |
|
— |
|
|
(111.4 |
) |
Deposits for property, plant and equipment |
— |
|
|
(78.1 |
) |
|
(5.2 |
) |
|
— |
|
|
(83.3 |
) |
Intercompany investing |
185.7 |
|
|
(6.3 |
) |
|
120.7 |
|
|
(300.1 |
) |
|
— |
|
Other investing activities |
— |
|
|
3.1 |
|
|
17.9 |
|
|
— |
|
|
21.0 |
|
Net cash provided (used) by investing activities |
184.6 |
|
|
(191.5 |
) |
|
133.3 |
|
|
(300.1 |
) |
|
(173.7 |
) |
FINANCING ACTIVITIES |
|
|
|
|
|
|
|
|
|
Debt issuance costs |
(1.5 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(1.5 |
) |
Repurchase of debt |
(16.3 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(16.3 |
) |
Distributions of partnership equity |
— |
|
|
(44.2 |
) |
|
— |
|
|
— |
|
|
(44.2 |
) |
Intercompany financing |
(120.7 |
) |
|
(188.6 |
) |
|
9.2 |
|
|
300.1 |
|
|
— |
|
Other financing activities |
(1.9 |
) |
|
(1.5 |
) |
|
(42.3 |
) |
|
— |
|
|
(45.7 |
) |
Net cash used by financing activities |
(140.4 |
) |
|
(234.3 |
) |
|
(33.1 |
) |
|
300.1 |
|
|
(107.7 |
) |
EFFECT OF EXCHANGE RATE CHANGES ON CASH |
— |
|
|
— |
|
|
(2.3 |
) |
|
— |
|
|
(2.3 |
) |
DECREASE IN CASH AND CASH EQUIVALENTS, INCLUDING CASH CLASSIFIED WITHIN OTHER CURRENT ASSETS RELATED TO DISCONTINUED OPERATIONS |
(56.4 |
) |
|
(0.2 |
) |
|
(38.4 |
) |
|
— |
|
|
(95.0 |
) |
LESS: DECREASE IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS, CLASSIFIED WITHIN OTHER CURRENT ASSETS |
— |
|
|
— |
|
|
(13.8 |
) |
|
— |
|
|
(13.8 |
) |
NET DECREASE IN CASH AND CASH EQUIVALENTS |
(56.4 |
) |
|
(0.2 |
) |
|
(24.6 |
) |
|
— |
|
|
(81.2 |
) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
948.9 |
|
|
2.1 |
|
|
27.3 |
|
|
— |
|
|
978.3 |
|
CASH AND CASH EQUIVALENTS AT END OF PERIOD |
$ |
892.5 |
|
|
$ |
1.9 |
|
|
$ |
2.7 |
|
|
$ |
— |
|
|
$ |
897.1 |
|
|