| Condensed Statement of Comprehensive Income |
Condensed Consolidating Statements of Comprehensive Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended July 30, 2016 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidation |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
Net sales |
|
$ |
— |
|
|
$ |
4,951.8 |
|
|
$ |
230.3 |
|
|
$ |
(185.8 |
) |
|
$ |
4,996.3 |
|
Cost of sales |
|
— |
|
|
3,468.8 |
|
|
210.2 |
|
|
(195.1 |
) |
|
3,483.9 |
|
Gross profit |
|
— |
|
|
1,483.0 |
|
|
20.1 |
|
|
9.3 |
|
|
1,512.4 |
|
Selling, general and administrative |
|
|
|
|
|
|
|
|
|
|
expenses |
|
1.9 |
|
|
1,125.1 |
|
|
16.2 |
|
|
12.0 |
|
|
1,155.2 |
|
Operating income (loss) |
|
(1.9 |
) |
|
357.9 |
|
|
3.9 |
|
|
(2.7 |
) |
|
357.2 |
|
Interest expense (income), net |
|
72.7 |
|
|
16.5 |
|
|
(1.9 |
) |
|
— |
|
|
87.3 |
|
Other expense, net |
|
2.7 |
|
|
— |
|
|
0.4 |
|
|
(3.1 |
) |
|
— |
|
Income (loss) before income taxes |
|
(77.3 |
) |
|
341.4 |
|
|
5.4 |
|
|
0.4 |
|
|
269.9 |
|
Income tax expense (benefit) |
|
(30.4 |
) |
|
129.7 |
|
|
0.3 |
|
|
0.1 |
|
|
99.7 |
|
Equity in earnings of subsidiaries |
|
(216.6 |
) |
|
(1.9 |
) |
|
— |
|
|
218.5 |
|
|
— |
|
Net income |
|
169.7 |
|
|
213.6 |
|
|
5.1 |
|
|
(218.2 |
) |
|
170.2 |
|
Other comprehensive loss |
|
(2.4 |
) |
|
(0.6 |
) |
|
(2.4 |
) |
|
3.1 |
|
|
(2.3 |
) |
Comprehensive income |
|
$ |
167.3 |
|
|
$ |
213.0 |
|
|
$ |
2.7 |
|
|
$ |
(215.1 |
) |
|
$ |
167.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended August 1, 2015 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidation |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
Net sales |
|
$ |
— |
|
|
$ |
2,964.8 |
|
|
$ |
141.0 |
|
|
$ |
(94.6 |
) |
|
$ |
3,011.2 |
|
Cost of sales |
|
— |
|
|
2,123.7 |
|
|
106.2 |
|
|
(73.9 |
) |
|
2,156.0 |
|
Gross profit |
|
— |
|
|
841.1 |
|
|
34.8 |
|
|
(20.7 |
) |
|
855.2 |
|
Selling, general and administrative |
|
|
|
|
|
|
|
|
|
|
expenses |
|
17.4 |
|
|
698.3 |
|
|
14.5 |
|
|
1.6 |
|
|
731.8 |
|
Operating income (loss) |
|
(17.4 |
) |
|
142.8 |
|
|
20.3 |
|
|
(22.3 |
) |
|
123.4 |
|
Interest expense (income), net |
|
158.8 |
|
|
105.6 |
|
|
(0.5 |
) |
|
— |
|
|
263.9 |
|
Other expense, net |
|
3.7 |
|
|
1.4 |
|
|
0.4 |
|
|
(3.8 |
) |
|
1.7 |
|
Income (loss) before income taxes |
|
(179.9 |
) |
|
35.8 |
|
|
20.4 |
|
|
(18.5 |
) |
|
(142.2 |
) |
Income tax expense (benefit) |
|
(57.2 |
) |
|
7.0 |
|
|
6.0 |
|
|
— |
|
|
(44.2 |
) |
Equity in earnings of subsidiaries |
|
(43.4 |
) |
|
(17.7 |
) |
|
— |
|
|
61.1 |
|
|
— |
|
Net income (loss) |
|
(79.3 |
) |
|
46.5 |
|
|
14.4 |
|
|
(79.6 |
) |
|
(98.0 |
) |
Other comprehensive loss |
|
(9.1 |
) |
|
— |
|
|
(9.1 |
) |
|
9.1 |
|
|
(9.1 |
) |
Comprehensive income (loss) |
|
$ |
(88.4 |
) |
|
$ |
46.5 |
|
|
$ |
5.3 |
|
|
$ |
(70.5 |
) |
|
$ |
(107.1 |
) |
Condensed Consolidating Statements of Comprehensive Income (Continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 Weeks Ended July 30, 2016 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidation |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
Net sales |
|
$ |
— |
|
|
$ |
9,985.2 |
|
|
$ |
415.1 |
|
|
$ |
(318.2 |
) |
|
$ |
10,082.1 |
|
Cost of sales |
|
— |
|
|
6,958.6 |
|
|
370.8 |
|
|
(314.2 |
) |
|
7,015.2 |
|
Gross profit |
|
— |
|
|
3,026.6 |
|
|
44.3 |
|
|
(4.0 |
) |
|
3,066.9 |
|
Selling, general and administrative |
|
|
|
|
|
|
|
|
|
|
expenses |
|
3.9 |
|
|
2,263.1 |
|
|
30.8 |
|
|
(6.8 |
) |
|
2,291.0 |
|
Operating income (loss) |
|
(3.9 |
) |
|
763.5 |
|
|
13.5 |
|
|
2.8 |
|
|
775.9 |
|
Interest expense (income), net |
|
145.6 |
|
|
32.8 |
|
|
(3.8 |
) |
|
— |
|
|
174.6 |
|
Other (income) expense, net |
|
(3.0 |
) |
|
(0.3 |
) |
|
0.3 |
|
|
2.8 |
|
|
(0.2 |
) |
Income (loss) before income taxes |
|
(146.5 |
) |
|
731.0 |
|
|
17.0 |
|
|
— |
|
|
601.5 |
|
Income tax expense (benefit) |
|
(64.1 |
) |
|
259.0 |
|
|
3.8 |
|
|
— |
|
|
198.7 |
|
Equity in earnings of subsidiaries |
|
(485.1 |
) |
|
(8.8 |
) |
|
— |
|
|
493.9 |
|
|
— |
|
Net income |
|
402.7 |
|
|
480.8 |
|
|
13.2 |
|
|
(493.9 |
) |
|
402.8 |
|
Other comprehensive income |
|
6.6 |
|
|
2.0 |
|
|
6.6 |
|
|
(8.6 |
) |
|
6.6 |
|
Comprehensive income |
|
$ |
409.3 |
|
|
$ |
482.8 |
|
|
$ |
19.8 |
|
|
$ |
(502.5 |
) |
|
$ |
409.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 Weeks Ended August 1, 2015 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidation |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
Net sales |
|
$ |
— |
|
|
$ |
5,099.3 |
|
|
$ |
183.4 |
|
|
$ |
(94.9 |
) |
|
$ |
5,187.8 |
|
Cost of sales |
|
— |
|
|
3,515.9 |
|
|
142.0 |
|
|
(74.2 |
) |
|
3,583.7 |
|
Gross profit |
|
— |
|
|
1,583.4 |
|
|
41.4 |
|
|
(20.7 |
) |
|
1,604.1 |
|
Selling, general and administrative |
|
|
|
|
|
|
|
|
|
|
expenses |
|
29.4 |
|
|
1,188.5 |
|
|
28.4 |
|
|
1.5 |
|
|
1,247.8 |
|
Operating income (loss) |
|
(29.4 |
) |
|
394.9 |
|
|
13.0 |
|
|
(22.2 |
) |
|
356.3 |
|
Interest expense (income), net |
|
269.8 |
|
|
116.8 |
|
|
(0.4 |
) |
|
— |
|
|
386.2 |
|
Other (income) expense, net |
|
3.7 |
|
|
(1.7 |
) |
|
0.8 |
|
|
(3.7 |
) |
|
(0.9 |
) |
Income (loss) before income taxes |
|
(302.9 |
) |
|
279.8 |
|
|
12.6 |
|
|
(18.5 |
) |
|
(29.0 |
) |
Income tax expense (benefit) |
|
(106.9 |
) |
|
102.5 |
|
|
3.9 |
|
|
— |
|
|
(0.5 |
) |
Equity in earnings of subsidiaries |
|
(186.2 |
) |
|
(17.7 |
) |
|
— |
|
|
203.9 |
|
|
— |
|
Net income (loss) |
|
(9.8 |
) |
|
195.0 |
|
|
8.7 |
|
|
(222.4 |
) |
|
(28.5 |
) |
Other comprehensive loss |
|
(3.5 |
) |
|
— |
|
|
(3.5 |
) |
|
3.5 |
|
|
(3.5 |
) |
Comprehensive income (loss) |
|
$ |
(13.3 |
) |
|
$ |
195.0 |
|
|
$ |
5.2 |
|
|
$ |
(218.9 |
) |
|
$ |
(32.0 |
) |
|
| Condensed Balance Sheet |
Condensed Consolidating Balance Sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
July 30, 2016 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidating |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
— |
|
|
$ |
1,044.8 |
|
|
$ |
155.4 |
|
|
$ |
(107.0 |
) |
|
$ |
1,093.2 |
|
Short-term investments |
|
— |
|
|
— |
|
|
4.0 |
|
|
— |
|
|
4.0 |
|
Merchandise inventories, net |
|
— |
|
|
2,910.6 |
|
|
61.2 |
|
|
3.3 |
|
|
2,975.1 |
|
Due from intercompany, net |
|
40.5 |
|
|
350.1 |
|
|
125.6 |
|
|
(516.2 |
) |
|
— |
|
Other current assets |
|
3.0 |
|
|
380.8 |
|
|
(7.0 |
) |
|
0.3 |
|
|
377.1 |
|
Total current assets |
|
43.5 |
|
|
4,686.3 |
|
|
339.2 |
|
|
(619.6 |
) |
|
4,449.4 |
|
Property, plant and equipment, net |
|
— |
|
|
3,139.1 |
|
|
35.1 |
|
|
— |
|
|
3,174.2 |
|
Assets available for sale |
|
— |
|
|
13.5 |
|
|
— |
|
|
— |
|
|
13.5 |
|
Goodwill |
|
— |
|
|
4,993.2 |
|
|
30.6 |
|
|
— |
|
|
5,023.8 |
|
Favorable lease rights, net |
|
— |
|
|
518.8 |
|
|
— |
|
|
— |
|
|
518.8 |
|
Tradename intangible asset |
|
— |
|
|
3,100.0 |
|
|
— |
|
|
— |
|
|
3,100.0 |
|
Other intangible assets, net |
|
— |
|
|
5.3 |
|
|
0.1 |
|
|
— |
|
|
5.4 |
|
Investment in subsidiaries |
|
8,886.3 |
|
|
123.2 |
|
|
— |
|
|
(9,009.5 |
) |
|
— |
|
Intercompany note receivable |
|
1,526.4 |
|
|
— |
|
|
188.8 |
|
|
(1,715.2 |
) |
|
— |
|
Due from intercompany, net |
|
1,916.5 |
|
|
— |
|
|
— |
|
|
(1,916.5 |
) |
|
— |
|
Other assets |
|
— |
|
|
44.2 |
|
|
3.8 |
|
|
(3.7 |
) |
|
44.3 |
|
Total assets |
|
$ |
12,372.7 |
|
|
$ |
16,623.6 |
|
|
$ |
597.6 |
|
|
$ |
(13,264.5 |
) |
|
$ |
16,329.4 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
145.5 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
145.5 |
|
Accounts payable |
|
107.0 |
|
|
1,219.2 |
|
|
129.0 |
|
|
(103.7 |
) |
|
1,351.5 |
|
Due to intercompany, net |
|
346.9 |
|
|
158.4 |
|
|
10.9 |
|
|
(516.2 |
) |
|
— |
|
Other current liabilities |
|
77.7 |
|
|
399.8 |
|
|
205.5 |
|
|
— |
|
|
683.0 |
|
Total current liabilities |
|
677.1 |
|
|
1,777.4 |
|
|
345.4 |
|
|
(619.9 |
) |
|
2,180.0 |
|
Long-term debt, net, excluding |
|
|
|
|
|
|
|
|
|
|
current portion |
|
6,838.9 |
|
|
316.8 |
|
|
— |
|
|
— |
|
|
7,155.7 |
|
Unfavorable lease rights, net |
|
— |
|
|
136.6 |
|
|
— |
|
|
— |
|
|
136.6 |
|
Deferred tax liabilities, net |
|
— |
|
|
1,562.8 |
|
|
(6.9 |
) |
|
0.1 |
|
|
1,556.0 |
|
Income taxes payable, long-term |
|
— |
|
|
73.6 |
|
|
— |
|
|
— |
|
|
73.6 |
|
Due to intercompany, net |
|
— |
|
|
1,916.5 |
|
|
— |
|
|
(1,916.5 |
) |
|
— |
|
Intercompany note payable |
|
— |
|
|
1,715.2 |
|
|
— |
|
|
(1,715.2 |
) |
|
— |
|
Other liabilities |
|
(0.3 |
) |
|
365.7 |
|
|
8.5 |
|
|
(3.3 |
) |
|
370.6 |
|
Total liabilities |
|
7,515.7 |
|
|
7,864.6 |
|
|
347.0 |
|
|
(4,254.8 |
) |
|
11,472.5 |
|
Shareholders' equity |
|
4,857.0 |
|
|
8,759.0 |
|
|
250.6 |
|
|
(9,009.7 |
) |
|
4,856.9 |
|
Total liabilities and equity |
|
$ |
12,372.7 |
|
|
$ |
16,623.6 |
|
|
$ |
597.6 |
|
|
$ |
(13,264.5 |
) |
|
$ |
16,329.4 |
|
Condensed Consolidating Balance Sheets (Continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
January 30, 2016 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidating |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
— |
|
|
$ |
636.9 |
|
|
$ |
116.5 |
|
|
$ |
(17.3 |
) |
|
$ |
736.1 |
|
Short-term investments |
|
— |
|
|
— |
|
|
4.0 |
|
|
— |
|
|
4.0 |
|
Merchandise inventories, net |
|
— |
|
|
2,850.0 |
|
|
51.4 |
|
|
(15.9 |
) |
|
2,885.5 |
|
Due from intercompany, net |
|
262.2 |
|
|
548.3 |
|
|
186.4 |
|
|
(996.9 |
) |
|
— |
|
Other current assets |
|
1.0 |
|
|
308.7 |
|
|
0.6 |
|
|
— |
|
|
310.3 |
|
Total current assets |
|
263.2 |
|
|
4,343.9 |
|
|
358.9 |
|
|
(1,030.1 |
) |
|
3,935.9 |
|
Property, plant and equipment, net |
|
— |
|
|
3,089.5 |
|
|
36.0 |
|
|
— |
|
|
3,125.5 |
|
Assets available for sale |
|
— |
|
|
12.1 |
|
|
— |
|
|
— |
|
|
12.1 |
|
Goodwill |
|
— |
|
|
4,993.2 |
|
|
28.5 |
|
|
— |
|
|
5,021.7 |
|
Deferred tax assets, net |
|
0.5 |
|
|
— |
|
|
9.6 |
|
|
(10.1 |
) |
|
— |
|
Favorable lease rights, net |
|
— |
|
|
569.4 |
|
|
— |
|
|
— |
|
|
569.4 |
|
Tradename intangible asset |
|
— |
|
|
3,100.0 |
|
|
— |
|
|
— |
|
|
3,100.0 |
|
Other intangible assets, net |
|
— |
|
|
5.5 |
|
|
0.3 |
|
|
— |
|
|
5.8 |
|
Investment in subsidiaries |
|
8,403.9 |
|
|
74.4 |
|
|
— |
|
|
(8,478.3 |
) |
|
— |
|
Intercompany note receivable |
|
1,526.4 |
|
|
— |
|
|
188.8 |
|
|
(1,715.2 |
) |
|
— |
|
Due from intercompany, net |
|
1,930.3 |
|
|
— |
|
|
— |
|
|
(1,930.3 |
) |
|
— |
|
Other assets |
|
— |
|
|
130.6 |
|
|
4.6 |
|
|
(4.4 |
) |
|
130.8 |
|
Total assets |
|
$ |
12,124.3 |
|
|
$ |
16,318.6 |
|
|
$ |
626.7 |
|
|
$ |
(13,168.4 |
) |
|
$ |
15,901.2 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
108.0 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
108.0 |
|
Accounts payable |
|
17.5 |
|
|
1,136.3 |
|
|
131.2 |
|
|
(33.1 |
) |
|
1,251.9 |
|
Due to intercompany, net |
|
582.5 |
|
|
369.2 |
|
|
45.2 |
|
|
(996.9 |
) |
|
— |
|
Other current liabilities |
|
84.9 |
|
|
433.5 |
|
|
204.2 |
|
|
— |
|
|
722.6 |
|
Income taxes payable |
|
3.8 |
|
|
1.9 |
|
|
7.2 |
|
|
— |
|
|
12.9 |
|
Total current liabilities |
|
796.7 |
|
|
1,940.9 |
|
|
387.8 |
|
|
(1,030.0 |
) |
|
2,095.4 |
|
Long-term debt, net, excluding |
|
|
|
|
|
|
|
|
|
|
current portion |
|
6,920.7 |
|
|
317.7 |
|
|
— |
|
|
— |
|
|
7,238.4 |
|
Unfavorable lease rights, net |
|
— |
|
|
149.3 |
|
|
— |
|
|
— |
|
|
149.3 |
|
Deferred tax liabilities, net |
|
— |
|
|
1,596.7 |
|
|
— |
|
|
(10.1 |
) |
|
1,586.6 |
|
Due to intercompany, net |
|
— |
|
|
1,930.3 |
|
|
— |
|
|
(1,930.3 |
) |
|
— |
|
Intercompany note payable |
|
— |
|
|
1,715.2 |
|
|
— |
|
|
(1,715.2 |
) |
|
— |
|
Other liabilities |
|
— |
|
|
421.0 |
|
|
8.0 |
|
|
(4.4 |
) |
|
424.6 |
|
Total liabilities |
|
7,717.4 |
|
|
8,071.1 |
|
|
395.8 |
|
|
(4,690.0 |
) |
|
11,494.3 |
|
Shareholders' equity |
|
4,406.9 |
|
|
8,247.5 |
|
|
230.9 |
|
|
(8,478.4 |
) |
|
4,406.9 |
|
Total liabilities and equity |
|
$ |
12,124.3 |
|
|
$ |
16,318.6 |
|
|
$ |
626.7 |
|
|
$ |
(13,168.4 |
) |
|
$ |
15,901.2 |
|
Condensed Consolidating Balance Sheets (Continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
August 1, 2015 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidating |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
1,576.2 |
|
|
$ |
— |
|
|
$ |
112.2 |
|
|
$ |
(385.9 |
) |
|
$ |
1,302.5 |
|
Short-term investments |
|
— |
|
|
— |
|
|
4.0 |
|
|
— |
|
|
4.0 |
|
Merchandise inventories, net |
|
— |
|
|
2,780.5 |
|
|
59.3 |
|
|
(14.7 |
) |
|
2,825.1 |
|
Current deferred tax assets, net |
|
0.1 |
|
|
79.2 |
|
|
6.4 |
|
|
(0.2 |
) |
|
85.5 |
|
Intercompany note receivable |
|
17.1 |
|
|
— |
|
|
— |
|
|
(17.1 |
) |
|
— |
|
Due from intercompany, net |
|
21.6 |
|
|
102.3 |
|
|
143.1 |
|
|
(267.0 |
) |
|
— |
|
Other current assets |
|
39.6 |
|
|
273.7 |
|
|
(5.7 |
) |
|
— |
|
|
307.6 |
|
Total current assets |
|
1,654.6 |
|
|
3,235.7 |
|
|
319.3 |
|
|
(684.9 |
) |
|
4,524.7 |
|
Property, plant and equipment, net |
|
— |
|
|
3,110.2 |
|
|
41.7 |
|
|
— |
|
|
3,151.9 |
|
Goodwill |
|
— |
|
|
4,952.3 |
|
|
30.5 |
|
|
— |
|
|
4,982.8 |
|
Deferred tax assets, net |
|
0.7 |
|
|
— |
|
|
18.0 |
|
|
(18.7 |
) |
|
— |
|
Favorable lease rights, net |
|
— |
|
|
620.8 |
|
|
— |
|
|
— |
|
|
620.8 |
|
Tradename intangible asset |
|
— |
|
|
3,100.0 |
|
|
— |
|
|
— |
|
|
3,100.0 |
|
Other intangible assets, net |
|
— |
|
|
5.7 |
|
|
0.7 |
|
|
(0.1 |
) |
|
6.3 |
|
Investment in subsidiaries |
|
7,921.7 |
|
|
148.4 |
|
|
— |
|
|
(8,070.1 |
) |
|
— |
|
Intercompany note receivable |
|
732.8 |
|
|
— |
|
|
188.8 |
|
|
(921.6 |
) |
|
— |
|
Due from intercompany, net |
|
1,944.7 |
|
|
— |
|
|
— |
|
|
(1,944.7 |
) |
|
— |
|
Other assets |
|
— |
|
|
144.1 |
|
|
39.2 |
|
|
(4.7 |
) |
|
178.6 |
|
Total assets |
|
$ |
12,254.5 |
|
|
$ |
15,317.2 |
|
|
$ |
638.2 |
|
|
$ |
(11,644.8 |
) |
|
$ |
16,565.1 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
83.0 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
83.0 |
|
Accounts payable |
|
2.1 |
|
|
1,409.8 |
|
|
141.3 |
|
|
(400.7 |
) |
|
1,152.5 |
|
Due to intercompany, net |
|
75.2 |
|
|
156.1 |
|
|
35.7 |
|
|
(267.0 |
) |
|
— |
|
Intercompany note payable |
|
— |
|
|
— |
|
|
17.1 |
|
|
(17.1 |
) |
|
— |
|
Other current liabilities |
|
88.9 |
|
|
563.7 |
|
|
185.2 |
|
|
— |
|
|
837.8 |
|
Total current liabilities |
|
249.2 |
|
|
2,129.6 |
|
|
379.3 |
|
|
(684.8 |
) |
|
2,073.3 |
|
Long-term debt, net, excluding |
|
|
|
|
|
|
|
|
|
|
current portion |
|
7,958.5 |
|
|
307.0 |
|
|
— |
|
|
— |
|
|
8,265.5 |
|
Unfavorable lease rights, net |
|
— |
|
|
162.4 |
|
|
— |
|
|
— |
|
|
162.4 |
|
Deferred tax liabilities, net |
|
— |
|
|
1,674.1 |
|
|
— |
|
|
(19.0 |
) |
|
1,655.1 |
|
Income taxes payable, long-term |
|
— |
|
|
34.4 |
|
|
— |
|
|
— |
|
|
34.4 |
|
Due to intercompany, net |
|
— |
|
|
1,944.7 |
|
|
— |
|
|
(1,944.7 |
) |
|
— |
|
Intercompany note payable |
|
— |
|
|
921.6 |
|
|
— |
|
|
(921.6 |
) |
|
— |
|
Other liabilities |
|
— |
|
|
323.6 |
|
|
8.5 |
|
|
(4.7 |
) |
|
327.4 |
|
Total liabilities |
|
8,207.7 |
|
|
7,497.4 |
|
|
387.8 |
|
|
(3,574.8 |
) |
|
12,518.1 |
|
Shareholders' equity |
|
4,046.8 |
|
|
7,819.8 |
|
|
250.4 |
|
|
(8,070.0 |
) |
|
4,047.0 |
|
Total liabilities and equity |
|
$ |
12,254.5 |
|
|
$ |
15,317.2 |
|
|
$ |
638.2 |
|
|
$ |
(11,644.8 |
) |
|
$ |
16,565.1 |
|
|