Condensed Statement of Comprehensive Income |
Condensed Consolidating Statements of Comprehensive Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13 Weeks Ended October 29, 2016 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidation |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
Net sales |
|
$ |
— |
|
|
$ |
4,931.4 |
|
|
$ |
223.3 |
|
|
$ |
(153.1 |
) |
|
$ |
5,001.6 |
|
Cost of sales |
|
— |
|
|
3,427.3 |
|
|
153.2 |
|
|
(99.4 |
) |
|
3,481.1 |
|
Gross profit |
|
— |
|
|
1,504.1 |
|
|
70.1 |
|
|
(53.7 |
) |
|
1,520.5 |
|
Selling, general and administrative
expenses
|
|
2.0 |
|
|
1,160.2 |
|
|
65.2 |
|
|
(49.3 |
) |
|
1,178.1 |
|
Operating income (loss) |
|
(2.0 |
) |
|
343.9 |
|
|
4.9 |
|
|
(4.4 |
) |
|
342.4 |
|
Interest expense (income), net |
|
96.9 |
|
|
17.2 |
|
|
(1.9 |
) |
|
(0.1 |
) |
|
112.1 |
|
Other (income) expense, net |
|
4.6 |
|
|
(0.2 |
) |
|
0.3 |
|
|
(4.6 |
) |
|
0.1 |
|
Income (loss) before income taxes |
|
(103.5 |
) |
|
326.9 |
|
|
6.5 |
|
|
0.3 |
|
|
230.2 |
|
Income tax expense (benefit) |
|
(53.1 |
) |
|
111.0 |
|
|
0.8 |
|
|
(0.1 |
) |
|
58.6 |
|
Equity in earnings of subsidiaries |
|
(222.0 |
) |
|
(2.7 |
) |
|
— |
|
|
224.7 |
|
|
— |
|
Net income |
|
171.6 |
|
|
218.6 |
|
|
5.7 |
|
|
(224.3 |
) |
|
171.6 |
|
Other comprehensive loss |
|
(2.5 |
) |
|
(0.7 |
) |
|
(2.5 |
) |
|
3.3 |
|
|
(2.4 |
) |
Comprehensive income |
|
$ |
169.1 |
|
|
$ |
217.9 |
|
|
$ |
3.2 |
|
|
$ |
(221.0 |
) |
|
$ |
169.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
13 Weeks Ended October 31, 2015 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidation |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
Net sales |
|
$ |
— |
|
|
$ |
4,899.1 |
|
|
$ |
281.1 |
|
|
$ |
(235.0 |
) |
|
$ |
4,945.2 |
|
Cost of sales |
|
— |
|
|
3,542.7 |
|
|
255.8 |
|
|
(253.3 |
) |
|
3,545.2 |
|
Gross profit |
|
— |
|
|
1,356.4 |
|
|
25.3 |
|
|
18.3 |
|
|
1,400.0 |
|
Selling, general and administrative
expenses
|
|
17.5 |
|
|
1,146.6 |
|
|
16.2 |
|
|
(4.0 |
) |
|
1,176.3 |
|
Operating income (loss) |
|
(17.5 |
) |
|
209.8 |
|
|
9.1 |
|
|
22.3 |
|
|
223.7 |
|
Interest expense (income), net |
|
88.8 |
|
|
11.5 |
|
|
(1.8 |
) |
|
(0.1 |
) |
|
98.4 |
|
Other (income) expense, net |
|
(3.7 |
) |
|
1.0 |
|
|
(0.5 |
) |
|
3.8 |
|
|
0.6 |
|
Income (loss) before income taxes |
|
(102.6 |
) |
|
197.3 |
|
|
11.4 |
|
|
18.6 |
|
|
124.7 |
|
Income tax expense (benefit) |
|
(53.7 |
) |
|
95.8 |
|
|
0.7 |
|
|
— |
|
|
42.8 |
|
Equity in earnings of subsidiaries |
|
(112.0 |
) |
|
(13.5 |
) |
|
— |
|
|
125.5 |
|
|
— |
|
Net income |
|
63.1 |
|
|
115.0 |
|
|
10.7 |
|
|
(106.9 |
) |
|
81.9 |
|
Other comprehensive income (loss) |
|
(0.1 |
) |
|
— |
|
|
(0.1 |
) |
|
0.3 |
|
|
0.1 |
|
Comprehensive income |
|
$ |
63.0 |
|
|
$ |
115.0 |
|
|
$ |
10.6 |
|
|
$ |
(106.6 |
) |
|
$ |
82.0 |
|
Condensed Consolidating Statements of Comprehensive Income (Continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39 Weeks Ended October 29, 2016 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidation |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
Net sales |
|
$ |
— |
|
|
$ |
14,916.6 |
|
|
$ |
638.4 |
|
|
$ |
(471.3 |
) |
|
$ |
15,083.7 |
|
Cost of sales |
|
— |
|
|
10,385.9 |
|
|
524.0 |
|
|
(413.6 |
) |
|
10,496.3 |
|
Gross profit |
|
— |
|
|
4,530.7 |
|
|
114.4 |
|
|
(57.7 |
) |
|
4,587.4 |
|
Selling, general and administrative
expenses
|
|
5.9 |
|
|
3,423.3 |
|
|
96.0 |
|
|
(56.1 |
) |
|
3,469.1 |
|
Operating income (loss) |
|
(5.9 |
) |
|
1,107.4 |
|
|
18.4 |
|
|
(1.6 |
) |
|
1,118.3 |
|
Interest expense (income), net |
|
242.5 |
|
|
50.0 |
|
|
(5.7 |
) |
|
(0.1 |
) |
|
286.7 |
|
Other (income) expense, net |
|
1.6 |
|
|
(0.5 |
) |
|
0.5 |
|
|
(1.7 |
) |
|
(0.1 |
) |
Income (loss) before income taxes |
|
(250.0 |
) |
|
1,057.9 |
|
|
23.6 |
|
|
0.2 |
|
|
831.7 |
|
Income tax expense (benefit) |
|
(117.2 |
) |
|
369.9 |
|
|
4.6 |
|
|
— |
|
|
257.3 |
|
Equity in earnings of subsidiaries |
|
(707.1 |
) |
|
(11.5 |
) |
|
— |
|
|
718.6 |
|
|
— |
|
Net income |
|
574.3 |
|
|
699.5 |
|
|
19.0 |
|
|
(718.4 |
) |
|
574.4 |
|
Other comprehensive income |
|
4.2 |
|
|
1.3 |
|
|
4.2 |
|
|
(5.5 |
) |
|
4.2 |
|
Comprehensive income |
|
$ |
578.5 |
|
|
$ |
700.8 |
|
|
$ |
23.2 |
|
|
$ |
(723.9 |
) |
|
$ |
578.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39 Weeks Ended October 31, 2015 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidation |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
Net sales |
|
$ |
— |
|
|
$ |
9,998.5 |
|
|
$ |
464.5 |
|
|
$ |
(329.9 |
) |
|
$ |
10,133.1 |
|
Cost of sales |
|
— |
|
|
7,058.6 |
|
|
397.8 |
|
|
(327.4 |
) |
|
7,129.0 |
|
Gross profit |
|
— |
|
|
2,939.9 |
|
|
66.7 |
|
|
(2.5 |
) |
|
3,004.1 |
|
Selling, general and administrative
expenses
|
|
46.9 |
|
|
2,335.1 |
|
|
44.6 |
|
|
(2.4 |
) |
|
2,424.2 |
|
Operating income (loss) |
|
(46.9 |
) |
|
604.8 |
|
|
22.1 |
|
|
(0.1 |
) |
|
579.9 |
|
Interest expense (income), net |
|
358.5 |
|
|
128.3 |
|
|
(2.2 |
) |
|
— |
|
|
484.6 |
|
Other (income) expense, net |
|
— |
|
|
(0.7 |
) |
|
0.3 |
|
|
— |
|
|
(0.4 |
) |
Income (loss) before income taxes |
|
(405.4 |
) |
|
477.2 |
|
|
24.0 |
|
|
(0.1 |
) |
|
95.7 |
|
Income tax expense (benefit) |
|
(160.5 |
) |
|
198.2 |
|
|
4.6 |
|
|
— |
|
|
42.3 |
|
Equity in earnings of subsidiaries |
|
(298.2 |
) |
|
(31.2 |
) |
|
— |
|
|
329.4 |
|
|
— |
|
Net income |
|
53.3 |
|
|
310.2 |
|
|
19.4 |
|
|
(329.5 |
) |
|
53.4 |
|
Other comprehensive loss |
|
(3.5 |
) |
|
— |
|
|
(3.5 |
) |
|
3.5 |
|
|
(3.5 |
) |
Comprehensive income |
|
$ |
49.8 |
|
|
$ |
310.2 |
|
|
$ |
15.9 |
|
|
$ |
(326.0 |
) |
|
$ |
49.9 |
|
|
Condensed Balance Sheet |
Condensed Consolidating Balance Sheets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
October 29, 2016 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidating |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
— |
|
|
$ |
930.4 |
|
|
$ |
129.0 |
|
|
$ |
(325.6 |
) |
|
$ |
733.8 |
|
Short-term investments |
|
— |
|
|
— |
|
|
4.0 |
|
|
— |
|
|
4.0 |
|
Merchandise inventories, net |
|
— |
|
|
3,222.3 |
|
|
47.4 |
|
|
4.2 |
|
|
3,273.9 |
|
Current deferred tax assets, net |
|
— |
|
|
(10.6 |
) |
|
10.6 |
|
|
— |
|
|
— |
|
Due from intercompany, net |
|
67.9 |
|
|
674.9 |
|
|
116.7 |
|
|
(859.5 |
) |
|
— |
|
Other current assets |
|
117.3 |
|
|
209.3 |
|
|
5.7 |
|
|
(1.6 |
) |
|
330.7 |
|
Total current assets |
|
185.2 |
|
|
5,026.3 |
|
|
313.4 |
|
|
(1,182.5 |
) |
|
4,342.4 |
|
Property, plant and equipment, net |
|
— |
|
|
3,143.5 |
|
|
32.8 |
|
|
— |
|
|
3,176.3 |
|
Assets available for sale |
|
— |
|
|
11.6 |
|
|
— |
|
|
— |
|
|
11.6 |
|
Goodwill |
|
— |
|
|
4,993.1 |
|
|
29.8 |
|
|
— |
|
|
5,022.9 |
|
Favorable lease rights, net |
|
— |
|
|
493.8 |
|
|
— |
|
|
— |
|
|
493.8 |
|
Tradename intangible asset |
|
— |
|
|
3,100.0 |
|
|
— |
|
|
— |
|
|
3,100.0 |
|
Other intangible assets, net |
|
— |
|
|
5.2 |
|
|
— |
|
|
— |
|
|
5.2 |
|
Investment in subsidiaries |
|
9,107.7 |
|
|
102.1 |
|
|
— |
|
|
(9,209.8 |
) |
|
— |
|
Intercompany note receivable |
|
1,526.4 |
|
|
— |
|
|
188.8 |
|
|
(1,715.2 |
) |
|
— |
|
Due from intercompany, net |
|
1,699.1 |
|
|
— |
|
|
— |
|
|
(1,699.1 |
) |
|
— |
|
Other assets |
|
— |
|
|
42.4 |
|
|
4.0 |
|
|
(3.6 |
) |
|
42.8 |
|
Total assets |
|
$ |
12,518.4 |
|
|
$ |
16,918.0 |
|
|
$ |
568.8 |
|
|
$ |
(13,810.2 |
) |
|
$ |
16,195.0 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
145.8 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
145.8 |
|
Accounts payable |
|
325.7 |
|
|
1,211.7 |
|
|
52.1 |
|
|
(323.1 |
) |
|
1,266.4 |
|
Due to intercompany, net |
|
343.2 |
|
|
451.7 |
|
|
64.6 |
|
|
(859.5 |
) |
|
— |
|
Other current liabilities |
|
28.8 |
|
|
485.6 |
|
|
207.6 |
|
|
— |
|
|
722.0 |
|
Income taxes payable |
|
3.5 |
|
|
(9.0 |
) |
|
5.5 |
|
|
— |
|
|
— |
|
Total current liabilities |
|
847.0 |
|
|
2,140.0 |
|
|
329.8 |
|
|
(1,182.6 |
) |
|
2,134.2 |
|
Long-term debt, net, excluding
current portion
|
|
6,621.7 |
|
|
316.3 |
|
|
— |
|
|
— |
|
|
6,938.0 |
|
Unfavorable lease rights, net |
|
— |
|
|
130.2 |
|
|
— |
|
|
— |
|
|
130.2 |
|
Deferred tax liabilities, net |
|
1.9 |
|
|
1,493.6 |
|
|
— |
|
|
— |
|
|
1,495.5 |
|
Income taxes payable, long-term |
|
— |
|
|
72.3 |
|
|
— |
|
|
— |
|
|
72.3 |
|
Due to intercompany, net |
|
— |
|
|
1,699.1 |
|
|
— |
|
|
(1,699.1 |
) |
|
— |
|
Intercompany note payable |
|
— |
|
|
1,715.2 |
|
|
— |
|
|
(1,715.2 |
) |
|
— |
|
Other liabilities |
|
— |
|
|
372.3 |
|
|
8.2 |
|
|
(3.4 |
) |
|
377.1 |
|
Total liabilities |
|
7,470.6 |
|
|
7,939.0 |
|
|
338.0 |
|
|
(4,600.3 |
) |
|
11,147.3 |
|
Shareholders' equity |
|
5,047.8 |
|
|
8,979.0 |
|
|
230.8 |
|
|
(9,209.9 |
) |
|
5,047.7 |
|
Total liabilities and equity |
|
$ |
12,518.4 |
|
|
$ |
16,918.0 |
|
|
$ |
568.8 |
|
|
$ |
(13,810.2 |
) |
|
$ |
16,195.0 |
|
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)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
October 31, 2015 |
|
|
|
|
Guarantor |
|
Non-Guarantor |
|
Consolidating |
|
Consolidated |
(in millions) |
|
Parent |
|
Subsidiaries |
|
Subsidiaries |
|
Adjustments |
|
Company |
ASSETS |
|
|
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
851.5 |
|
|
$ |
149.1 |
|
|
$ |
106.3 |
|
|
$ |
— |
|
|
$ |
1,106.9 |
|
Short-term investments |
|
— |
|
|
— |
|
|
4.0 |
|
|
— |
|
|
4.0 |
|
Merchandise inventories, net |
|
— |
|
|
3,156.0 |
|
|
47.4 |
|
|
(18.1 |
) |
|
3,185.3 |
|
Current deferred tax assets, net |
|
0.1 |
|
|
86.3 |
|
|
10.2 |
|
|
— |
|
|
96.6 |
|
Intercompany note receivable |
|
17.1 |
|
|
— |
|
|
— |
|
|
(17.1 |
) |
|
— |
|
Due from intercompany, net |
|
21.3 |
|
|
188.6 |
|
|
192.8 |
|
|
(402.7 |
) |
|
— |
|
Other current assets |
|
39.4 |
|
|
224.9 |
|
|
(5.6 |
) |
|
(23.5 |
) |
|
235.2 |
|
Total current assets |
|
929.4 |
|
|
3,804.9 |
|
|
355.1 |
|
|
(461.4 |
) |
|
4,628.0 |
|
Property, plant and equipment, net |
|
— |
|
|
3,100.0 |
|
|
41.0 |
|
|
— |
|
|
3,141.0 |
|
Assets available for sale |
|
— |
|
|
10.1 |
|
|
— |
|
|
— |
|
|
10.1 |
|
Goodwill |
|
— |
|
|
4,993.6 |
|
|
30.5 |
|
|
— |
|
|
5,024.1 |
|
Deferred tax assets, net |
|
0.8 |
|
|
— |
|
|
19.2 |
|
|
(0.8 |
) |
|
19.2 |
|
Favorable lease rights, net |
|
— |
|
|
595.0 |
|
|
— |
|
|
— |
|
|
595.0 |
|
Tradename intangible asset |
|
— |
|
|
3,100.0 |
|
|
— |
|
|
— |
|
|
3,100.0 |
|
Other intangible assets, net |
|
— |
|
|
5.6 |
|
|
0.5 |
|
|
— |
|
|
6.1 |
|
Investment in subsidiaries |
|
8,043.7 |
|
|
161.9 |
|
|
— |
|
|
(8,205.6 |
) |
|
— |
|
Intercompany note receivable |
|
1,482.8 |
|
|
— |
|
|
188.8 |
|
|
(1,671.6 |
) |
|
— |
|
Due from intercompany, net |
|
1,946.0 |
|
|
— |
|
|
— |
|
|
(1,946.0 |
) |
|
— |
|
Other assets |
|
— |
|
|
140.8 |
|
|
5.1 |
|
|
29.6 |
|
|
175.5 |
|
Total assets |
|
$ |
12,402.7 |
|
|
$ |
15,911.9 |
|
|
$ |
640.2 |
|
|
$ |
(12,255.8 |
) |
|
$ |
16,699.0 |
|
LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current portion of long-term debt |
|
$ |
95.5 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
95.5 |
|
Accounts payable |
|
3.3 |
|
|
1,179.4 |
|
|
94.6 |
|
|
(18.0 |
) |
|
1,259.3 |
|
Due to intercompany, net |
|
126.0 |
|
|
174.3 |
|
|
102.4 |
|
|
(402.7 |
) |
|
— |
|
Intercompany note payable |
|
— |
|
|
— |
|
|
17.1 |
|
|
(17.1 |
) |
|
— |
|
Other current liabilities |
|
25.0 |
|
|
575.6 |
|
|
150.9 |
|
|
33.8 |
|
|
785.3 |
|
Income taxes payable |
|
81.1 |
|
|
(42.1 |
) |
|
5.5 |
|
|
(23.4 |
) |
|
21.1 |
|
Total current liabilities |
|
330.9 |
|
|
1,887.2 |
|
|
370.5 |
|
|
(427.4 |
) |
|
2,161.2 |
|
Long-term debt, net, excluding
current portion
|
|
7,929.8 |
|
|
318.2 |
|
|
— |
|
|
— |
|
|
8,248.0 |
|
Unfavorable lease rights, net |
|
— |
|
|
155.5 |
|
|
— |
|
|
— |
|
|
155.5 |
|
Deferred tax liabilities, net |
|
— |
|
|
1,635.5 |
|
|
— |
|
|
(0.8 |
) |
|
1,634.7 |
|
Income taxes payable, long-term |
|
— |
|
|
33.9 |
|
|
— |
|
|
— |
|
|
33.9 |
|
Due to intercompany, net |
|
— |
|
|
1,946.0 |
|
|
— |
|
|
(1,946.0 |
) |
|
— |
|
Intercompany note payable |
|
— |
|
|
1,671.6 |
|
|
— |
|
|
(1,671.6 |
) |
|
— |
|
Other liabilities |
|
— |
|
|
319.6 |
|
|
8.5 |
|
|
(4.6 |
) |
|
323.5 |
|
Total liabilities |
|
8,260.7 |
|
|
7,967.5 |
|
|
379.0 |
|
|
(4,050.4 |
) |
|
12,556.8 |
|
Shareholders' equity |
|
4,142.0 |
|
|
7,944.4 |
|
|
261.2 |
|
|
(8,205.4 |
) |
|
4,142.2 |
|
Total liabilities and equity |
|
$ |
12,402.7 |
|
|
$ |
15,911.9 |
|
|
$ |
640.2 |
|
|
$ |
(12,255.8 |
) |
|
$ |
16,699.0 |
|
|