VWR 10-K 24 Feb 17 2016 FY Annual report Financial data

Document and entity information

Document and entity information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 17, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Document type	10-K
Document period end date	Dec. 31, 2016
Amendment flag	false
Entity registrant name	VWR Corporation
Entity central index key	1,412,232
Entity current reporting status	Yes
Entity voluntary filer	No
Current fiscal year end date	--12-31
Entity filer category	Large Accelerated Filer
Entity well known seasoned issuer	Yes
Entity public float			$ 2,245,978,817
Document fiscal year focus	2,016
Document fiscal period focus	FY
Entity common stock, shares outstanding		131,634,086

Consolidated balance sheets

Consolidated balance sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 168.7	$ 136.3
Trade accounts receivable, net of reserves of $10.5 and $12.0	607.2	583.2
Inventories	483.1	424
Other current assets	93.1	89.5
Total current assets	1,352.1	1,233
Property and equipment, net of accumulated depreciation of $248.9 and $216.2	253.8	228.2
Goodwill	1,844	1,791.4
Other intangible assets, net	1,407.8	1,455.6
Other assets	104.8	85.6
Total assets	4,962.5	4,793.8
Liabilities, Redeemable Equity and Stockholders’ Equity
Current portion of debt	250.1	92.8
Accounts payable	476.3	474.5
Employee-related liabilities	79.3	61.4
Current amount due to Varietal — ITRA	27.7	78.1
Other current liabilities	152.7	112.3
Total current liabilities	986.1	819.1
Debt, net of current portion	1,766.9	1,896.2
Amount due to Varietal — ITRA, net of current portion	57.3	85
Deferred income tax liabilities	477.2	459.5
Other liabilities	159.4	158.8
Total liabilities	3,446.9	3,418.6
Commitments and contingencies (Note 10)
Redeemable equity, at redemption value	21.2	38.8
Preferred stock, $0.01 par value; 50.0 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.01 par value; 750.0 shares authorized, 131.6 and 131.4 shares issued and outstanding	1.3	1.3
Additional paid-in capital	1,766	1,735.1
Retained earnings	154.5	6.3
Accumulated other comprehensive loss	(427.4)	(406.3)
Total stockholders’ equity	1,494.4	1,336.4
Total liabilities, redeemable equity and stockholders’ equity	$ 4,962.5	$ 4,793.8

Consolidated balance sheets (Pa

Consolidated balance sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Reserves on trade accounts receivable	$ 10.5	$ 12
Accumulated depreciation on property and equipment	$ 248.9	$ 216.2
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	50	50
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	750	750
Common stock, shares issued	131.6	131.4
Common stock, shares outstanding	131.6	131.4

Consolidated income statements

Consolidated income statements - USD ($) shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Net sales	$ 1,130.3	$ 1,136.1	$ 1,149.5	$ 1,098.3	$ 1,112.5	$ 1,095.5	$ 1,081.2	$ 1,029.6	$ 4,514.2	$ 4,318.8	$ 4,375.3
Cost of goods sold									3,252.4	3,121.7	3,131.9
Gross profit	314.3	313.5	323.4	310.6	307.9	299.5	298.5	291.2	1,261.8	1,197.1	1,243.4
Selling, general and administrative expenses									946.2	876.9	925.5
Operating income									315.6	320.2	317.9
Interest expense									(79.7)	(102.8)	(166.3)
Other income (expense), net									(1.1)	45.4	90.9
Loss on extinguishment of debt									(0.5)	(32.7)	(5.1)
Income before income taxes									234.3	230.1	237.4
Income tax provision									(86.1)	(75.8)	(84.8)
Net income	$ 27	$ 40.6	$ 41.8	$ 38.8	$ 53.5	$ 11	$ 18.3	$ 71.5	148.2	154.3	152.6
Accretion of dividends on redeemable equity									0	0	(29.4)
Net income applicable to common stockholders									$ 148.2	$ 154.3	$ 123.2
Earnings per share:
Basic	$ 0.21	$ 0.31	$ 0.32	$ 0.30	$ 0.41	$ 0.08	$ 0.14	$ 0.54	$ 1.13	$ 1.17	$ 2.50
Diluted	$ 0.20	$ 0.31	$ 0.32	$ 0.29	$ 0.41	$ 0.08	$ 0.14	$ 0.54	$ 1.12	$ 1.17	$ 2.49
Weighted average shares outstanding:
Basic									131.5	131.4	49.3
Diluted									131.8	131.8	49.5

Consolidated statements of comp

Consolidated statements of comprehensive income or loss - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 148.2	$ 154.3	$ 152.6
Foreign currency translation:
Net unrealized loss arising during the period	(22.4)	(174.4)	(204.2)
Reclassification of net loss into earnings	1.2	0	0
Derivative instruments:
Net unrealized gain arising during the period	9.1	3	0.7
Reclassification of net (gain) loss into earnings	(2.3)	(0.7)	1.1
Defined benefit plans:
Net unrealized loss arising during the period	(9.4)	(7)	(27)
Reclassification of net loss (gain) into earnings	2.7	2.7	(3)
Other comprehensive loss	(21.1)	(176.4)	(232.4)
Comprehensive income (loss)	$ 127.1	$ (22.1)	$ (79.8)

Consolidated statements of stoc

Consolidated statements of stockholders' equity - USD ($) shares in Millions, $ in Millions	Total	Additional paid-in capital	Retained earnings (deficit)	AOCI	Common stock	Common stockPar value
Beginning balance, redeemable equity at Dec. 31, 2013	$ 670.6
Increase (decrease) to redeemable equity
Redemption	(11.5)
Accretion of dividends	29.4
Retirement of prior stock	(650)
Reclassifications to state redeemable equity at redemption value	12.9
Ending balance, redeemable equity at Dec. 31, 2014	51.4
Beginning balance, stockholders' equity, shares at Dec. 31, 2013					0.1
Beginning balance, stockholders' equity at Dec. 31, 2013	425.8	$ 723.9	$ (300.6)	$ 2.5		$ 0
Increase (decrease) to stockholders' equity
Redemption	4.1	4.1
Accretion of dividends	(29.4)	(29.4)
Recapitalization:
Retirement of prior stock, shares					(0.1)
Retirement of prior stock	(679.4)	(679.4)
Issuance of new stock, shares					102
Issuance of new stock	1,329.4	1,328.4				1
Payment of dividend	(25)	(25)
Recognition of ITRA	(172.9)	(172.9)
Issuance of common stock, shares					29.4
Issuance of common stock	582.6	582.3				0.3
Payment of stock issuance costs	(4.8)	(4.8)
Stock-based compensation expense	2	2
Reclassifications to state redeemable equity at redemption value	(12.9)	(12.9)
Net income	152.6		152.6
Other comprehensive income (loss)	(232.4)			(232.4)
Ending balance, stockholders' equity, shares at Dec. 31, 2014					131.4
Ending balance, stockholders' equity at Dec. 31, 2014	1,339.7	1,716.3	(148)	(229.9)		1.3
Increase (decrease) to redeemable equity
Reclassifications to state redeemable equity at redemption value	(12.6)
Ending balance, redeemable equity at Dec. 31, 2015	38.8
Recapitalization:
Issuance of common stock	1.3	1.3
Stock-based compensation expense	4.9	4.9
Reclassifications to state redeemable equity at redemption value	12.6	12.6
Net income	154.3		154.3
Other comprehensive income (loss)	(176.4)			(176.4)
Ending balance, stockholders' equity, shares at Dec. 31, 2015					131.4
Ending balance, stockholders' equity at Dec. 31, 2015	1,336.4	1,735.1	6.3	(406.3)		1.3
Increase (decrease) to redeemable equity
Reclassifications to state redeemable equity at redemption value	(17.6)
Ending balance, redeemable equity at Dec. 31, 2016	21.2
Recapitalization:
Issuance of common stock, shares					0.2
Issuance of common stock	4.7	4.7
Stock-based compensation expense	8.6	8.6
Reclassifications to state redeemable equity at redemption value	17.6	17.6
Net income	148.2		148.2
Other comprehensive income (loss)	(21.1)			(21.1)
Ending balance, stockholders' equity, shares at Dec. 31, 2016					131.6
Ending balance, stockholders' equity at Dec. 31, 2016	$ 1,494.4	$ 1,766	$ 154.5	$ (427.4)		$ 1.3

Consolidated statements of cash

Consolidated statements of cash flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 148.2	$ 154.3	$ 152.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	130.1	124.5	129.3
Net foreign currency remeasurement loss (gain)	2.3	(45.1)	(95.7)
Deferred income tax provision	3.4	27.3	33.9
Loss on extinguishment of debt	0.5	32.7	5.1
Other, net	23.3	17.9	13
Changes in working capital, net of business acquisitions:
Trade accounts receivable	(25.8)	(30.2)	(30.1)
Inventories	(63.1)	(43.8)	(41.5)
Accounts payable	15	25.1	27.5
Other assets and liabilities	32.3	(37.7)	(3)
Net cash provided by operating activities	266.2	225	191.1
Cash flows from investing activities:
Acquisitions of businesses, net of cash acquired	(142.8)	(59.1)	(89.9)
Capital expenditures	(59.9)	(40.9)	(33.6)
Other investing activities	0	2.1	0.5
Net cash used in investing activities	(202.7)	(97.9)	(123)
Cash flows from financing activities:
Proceeds from issuance of common stock	4.7	1.3	582.6
Proceeds from debt	674.4	2,767	742.2
Repayment of debt	(623.8)	(2,810.2)	(1,353.8)
Redemption of redeemable equity	0	0	(8.9)
Payment of dividend	0	0	(25)
Payment to Varietal under ITRA	(78.1)	(9.8)	0
Payment of debt issuance costs and redemption premium	(0.9)	(41.9)	(1.1)
Other financing activities	(3.1)	(2.5)	(7.8)
Net cash provided by (used in) financing activities	(26.8)	(96.1)	(71.8)
Effect of exchange rate changes on cash	(4.3)	(12.7)	(13.9)
Net increase (decrease) in cash and cash equivalents	32.4	18.3	(17.6)
Cash and cash equivalents at beginning of period	136.3	118	135.6
Cash and cash equivalents at end of period	168.7	136.3	118
Supplemental disclosures of cash flow information:
Cash paid for interest	79.2	104.9	158.9
Cash paid for income taxes, net	$ 78.3	$ 48	$ 39.3

Nature of operations and basis

Nature of operations and basis of presentation	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of operations and basis of presentation	( 1 ) Nature of Operations and Basis of Presentation We are a leading global independent provider of product and service solutions to laboratory and production customers. We have significant market positions in Europe and North America. We also have operations in Asia-Pacific and other key emerging markets to support our multinational customers across the globe. We serve a critical role in connecting customer sites with laboratory product suppliers across multiple industries and geographies. We offer a broad portfolio of branded and private label laboratory products, a full range of value-added services and custom manufacturing capabilities to meet our customers’ needs. Services represent a growing but currently small portion of our overall net sales. We offer a wide selection of unique products and have developed an extensive global infrastructure including thousands of sales and service-focused professionals. We deliver value to our customers by improving the costs, efficiency and effectiveness of their research laboratories and production operations. We deliver value to our suppliers by providing them with cost-effective channel access to a global and diverse customer base. The following describes our corporate organization at December 31, 2016 : • Varietal — Following a 2007 merger, Varietal was our only stockholder until our IPO in October 2014 and since then had been our majority stockholder through March 2016. Private equity funds managed by Madison Dearborn Partners hold a controlling interest in Varietal. Our condensed consolidated balance sheets reflect significant amounts of goodwill and other intangible assets as a result of the 2007 merger. In April 2016, Varietal completed a sale of our common stock that caused it to no longer hold a majority ownership interest in us. As a result, we experienced a change in control under U.S. federal tax regulations which has impacted (i) the amount and timing of the utilization of our net operating loss carryforwards; (ii) the timing of payments under an ITRA with Varietal (see Note 20 ); and (iii) the amount of cash taxes we are paying. • VWR Funding and its wholly-owned subsidiaries — VWR Funding is our wholly-owned subsidiary and the sole issuer of our debt. Certain of those debt agreements restrict its ability to make distributions to us. Basis of Presentation We report financial results on the basis of two segments organized by geographic region: the Americas and EMEA-APAC. In 2014, we recapitalized our equity (see Note 12 ). For all periods presented, the number of shares of common stock outstanding has been adjusted for a stock split. Separately, a conversion of prior equity into newly-issued shares of common stock is presented as a retirement and issuance of shares; share counts for periods prior to that conversion were not adjusted. The consolidated financial statements present the accretion of dividends on redeemable convertible preferred stock for periods prior to the recapitalization. Those dividends were never paid and became available to common stockholders following the recapitalization. Principles of Consolidation The accompanying consolidated financial statements include the accounts of VWR Corporation and the redeemable equity of Varietal, each after the elimination of intercompany balances and transactions. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue, expense, income and loss during the reporting period. Actual results could differ significantly from those estimates. Additional disclosures about significant estimates are provided in the following areas: (i) impairment testing, particularly determining whether indicators of impairment were present and whether assets were impaired (see Note 21 ); (ii) estimating the valuation allowance on deferred tax assets, such as net operating loss carryforwards (see Note 18 ); (iii) accounting for defined benefit plans, in particular determining key assumptions such as discount rates and the expected return on plan assets (see Note 15 ); (iv) estimating outcomes of loss contingencies (see Note 10 ); and (v) estimating fair value, particularly related to measurements based on unobservable inputs (see Note 9 ).

Summary of significant accounti

Summary of significant accounting policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of significant accounting policies	( 2 ) Summary of Significant Accounting Policies Cash and Cash Equivalents Cash and cash equivalents are comprised of highly liquid investments with original maturities of three months or less, primarily consisting of euro-denominated overnight deposits. Bank overdrafts are classified as current liabilities and presented as a financing activity on our consolidated statements of cash flows. Trade Accounts Receivable, net of Reserves Trade accounts receivable are recorded at the invoiced amount and generally do not bear interest. The carrying amount of trade accounts receivable is presented net of a reserve representing our estimate of the amounts that will not be collected and for estimated sales returns and allowances. In addition to reviewing delinquent accounts receivable, we consider many factors in estimating our reserve, including historical data, experience, customer types, creditworthiness and economic trends. From time to time, we may adjust our assumptions for anticipated changes in any of these or other factors expected to affect collectability. Account balances are written off against the allowance when we determine it is probable that the receivable will not be recovered. Inventories Our inventories consist primarily of products held for sale. Inventories are valued at the lower of cost or market, cost being primarily determined by the LIFO method for certain of our U.S. subsidiaries and the first-in, first-out method for all other subsidiaries. We regularly review quantities of inventories on hand and compare these amounts to the expected use of each product or product line. We record a charge to cost of goods sold for the amount required to reduce the carrying value of inventory to net realizable value. At December 31, 2016 and 2015 , the percentage of inventories valued using the LIFO method was 36% for both years, and the excess of current cost over LIFO value for those inventories was $24.8 million and $24.6 million , respectively. Property and Equipment Property and equipment are recorded at cost. Depreciation is recognized using the straight-line method over estimated useful lives of 10 to 40 years for buildings and improvements and 3 to 10 years for equipment and computer software. Leasehold improvements are amortized on a straight-line basis over the shorter of the estimated useful lives of the assets or the estimated remaining life of the lease. Costs for repairs and maintenance that do not significantly increase the value or estimated lives of property and equipment are expensed as incurred. Property and equipment held under capital leases were not material for any periods presented. Impairment of Long-Lived Assets We evaluate the recoverability of long-lived assets when events or changes in circumstances indicate a possible inability to recover carrying amounts. We assess recoverability by comparing the carrying value of the asset to estimated undiscounted future cash flows expected to be generated by the asset. If an asset is impaired, the loss is measured as the amount by which the asset’s carrying value exceeds its fair value. Goodwill and Other Intangible Assets Goodwill represents the excess of purchase price over the fair value of net assets acquired in a business combination. Other intangible assets consist of both amortizable and indefinite-lived intangible assets. Amortizable intangible assets are amortized over their estimated useful lives on a straight-line basis. Indefinite-lived intangible assets are not amortized. We reevaluate the estimated useful lives of our amortizable intangible assets annually. For indefinite-lived intangible assets, we reevaluate annually whether they continue to have indefinite lives, considering whether they have any legal, regulatory, contractual, competitive or economic limitations and whether they are expected to contribute to the generation of cash flows indefinitely. Goodwill and other indefinite-lived intangible assets are tested annually for impairment on October 1 of each year. Goodwill impairment testing is performed at the reporting unit level. Our reporting units are the same as our operating segments and reportable segments. All of our intangible assets, including goodwill, are tested for impairment whenever an indication of potential impairment arises. Events or circumstances that might require an interim evaluation include unexpected adverse business conditions, economic factors, unanticipated technological changes or competitive activities, loss of key personnel and acts or anticipated acts by governments and courts. Indefinite-lived intangible assets are tested for impairment prior to testing of goodwill or amortizable intangible assets. The impairment analysis for goodwill and indefinite-lived intangible assets consists of an optional qualitative assessment potentially followed by a two-step quantitative analysis. If we determine that the carrying value of goodwill or indefinite-lived intangible assets exceeds its fair value, an impairment charge is recorded for the excess. Impairment charges cannot be reversed in subsequent periods. The impairment analysis for amortizable intangible assets is performed in the same way as for our other long-lived assets, as previously discussed. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at a measurement date. Classification within the fair value hierarchy is based on the lowest of the following levels that is significant to the fair value measurement: • Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities • Level 2 — Inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the asset or liability • Level 3 — Inputs that are unobservable for the asset or liability based on our evaluation of the assumptions market participants would use in pricing the asset or liability We exercise considerable judgment when estimating fair value, particularly when evaluating what assumptions market participants would likely make. The use of different assumptions or estimation methodologies could have a material effect on the estimated fair values. Commitments and Contingencies Loss contingencies are reflected in the consolidated financial statements based on our assessments of the expected outcome of legal proceedings or the expected resolution of other contingencies. Liabilities for estimated losses are accrued if the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated. Significant judgment is required to determine probability and whether the amount of an exposure is reasonably estimable. Due to uncertainties related to these matters, accruals are based only on the information available at the time. As additional information becomes available, we reassess potential liabilities related to pending claims and litigation and may revise our previous estimates. Revenue Recognition We record product revenue on a gross basis when persuasive evidence of an arrangement exists, the price is fixed or determinable, title and risk of loss have been transferred to the customer and collectability of the resulting receivable is reasonably assured. Title and risk of loss is transferred at the time of shipment or upon delivery to customers, depending upon the terms of the arrangement with the customer. Products are delivered without post-sale obligations to the customer. Provisions for discounts, rebates to customers, sales returns and other adjustments are provided for as a reduction of sales in the period the related sales are recorded. We record shipping and handling charges billed to customers in net sales and record shipping and handling costs in cost of goods sold for all periods presented. Sales taxes, value-added taxes and certain excise taxes collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. Services represent a growing but currently small portion of our net sales and were not material to our consolidated financial statements. Classification of Expenses Cost of goods sold includes the cost of the product, vendor rebates, inbound and outbound freight charges, as well as inventory adjustments. SG&A expenses include personnel and facility charges, advertising and promotional charges and other charges related to our global infrastructure operations. Stock-Based Compensation Stock-based compensation consists primarily of stock options awarded to employees and directors. We measure expense using the grant-date fair value of awards ultimately expected to vest. Awards with service conditions are expensed on a straight-line basis from the date of grant through the end of the requisite service period. We issue new shares of common stock upon the exercise of stock options. The grant-date fair value of stock options is measured using a closed-form option pricing model, using assumptions based on the terms of each stock option agreement, the expected behavior of grant recipients and peer company data. We have limited historical data about our own awards upon which to base our assumptions. Expected volatility is calculated based on the observed equity volatility for a peer group over a period of time equal to the expected life of the stock options. The risk-free interest rate is based on U.S. Treasury observed market rates continuously compounded over the duration of the expected life. The expected life of stock options is determined using the simplified method, which is calculated as the midpoint of the weighted average vesting period and the contractual term. We elect to recognize expense based on the number of awards ultimately expected to vest by use of an estimated forfeiture rate. The estimated forfeiture rate is based on historical data for the employee group awarded options and expected employee turnover rates, which management reevaluates each period. Defined Benefit Plans Some of our employees participate in defined benefit plans. The benefits include pension, salary continuance, life insurance and healthcare. Benefits are accrued over the employees’ service periods. We use actuarial methods and assumptions in the valuation of defined benefit obligations and the determination of net periodic pension income or expense. Differences between actual and expected results or changes in the value of defined benefit obligations and plan assets, if any, are not recognized in earnings as they occur but rather systematically over subsequent periods. Foreign Currency Translation Assets and liabilities of our foreign subsidiaries, where the functional currency is the local currency, are translated into U.S. dollars using period-end exchange rates. Revenues, expenses, income and losses are translated using average exchange rates. Resulting translation adjustments are reported in accumulated other comprehensive income or loss. Foreign currency remeasurement gains and losses related to financing activities are reported in other income (expense), net within our consolidated statements of operations, while gains and losses associated with operating activities are reported within the applicable component of operating income. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the expected net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and income tax purposes and for net operating loss and credit carryforwards. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. We record a valuation allowance to reduce deferred tax assets to the amount that is more likely than not to be realized. We recognize the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount that is more likely than not of being realized. Changes in recognition or measurement are reflected in the period in which a change in judgment occurs, as a result of information that arises or when a tax position is effectively settled. We recognize accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense in our consolidated financial statements. Due to Varietal — ITRA We record the estimated amount payable to Varietal under an ITRA, entered into in connection with our IPO, as a noncurrent liability, except for the portion estimated to be payable within one year. The ITRA liability was initially recognized through an adjustment to additional paid-in capital and measured at its expected future value, similar to the underlying deferred tax assets to which it relates. Subsequent changes to the value of the ITRA liability, if any, will be classified as other income (expense), net in the consolidated statements of operations. Cash payments under the ITRA are classified as a financing activity on the consolidated statements of cash flows.

New accounting standards

New accounting standards	12 Months Ended
	Dec. 31, 2016
Accounting Changes and Error Corrections [Abstract]
New accounting standards	( 3 ) New Accounting Standards In March 2016, the FASB issued new guidance to simplify several aspects of accounting and presentation for stock-based compensation. The new guidance is effective for us beginning in the first quarter of 2017, with early adoption permitted. We early adopted the guidance beginning October 1, 2016. The guidance did not have a material impact to us upon adoption. In February 2016, the FASB issued comprehensive new guidance about leases. Under the new guidance, most leases will be recognized on our consolidated balance sheet as liabilities with corresponding right-of-use assets. The new guidance carries forward a similar method of expense recognition for lessees. The new guidance is effective for us beginning in the first quarter of 2019, with early adoption permitted. The guidance must be adopted using a modified retrospective approach. Although, we are continuing to evaluate its impact, we expect that this new guidance will result in a significant increase to the assets and liabilities we present on our consolidated balance sheet. In May 2014, the FASB issued comprehensive new revenue recognition guidance. The guidance provides a new model for revenue recognition that supersedes most current guidance and requires more disclosures about revenue including the components of revenue that are communicated to investors. The new guidance is effective for us beginning in the first quarter of 2018 and may be adopted using either a full retrospective or a modified retrospective approach. Although we are continuing to evaluate the impact of the new guidance, we expect that the new recognition model will primarily impact only certain portions of our business, and we expect to provide expanded disclosures and to adopt the new standard using the modified retrospective method. There were no other new accounting standards that we expect to have a material impact to our financial position or results of operations upon adoption.

Earnings per share

Earnings per share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings per share	( 4 ) Earnings per Share The following table presents information about basic and diluted earnings per share: Year ended December 31, (in millions) 2016 2015 2014 Reconciliation of weighted average shares outstanding: Basic 131.5 131.4 49.3 Dilutive effect of stock-based instruments 0.3 0.4 0.2 Diluted 131.8 131.8 49.5 Number of anti-dilutive instruments excluded from dilutive effect 4.0 2.0 0.9

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Acquisitions	( 5 ) Acquisitions During the three years ended December 31, 2016 , we acquired businesses to broaden our product offerings and strengthen our market positions. Except for their effects on investing cash flow, none of these acquisitions, nor their related costs, were material individually or in the aggregate to our results of operations or financial condition. The following table presents selected information about these acquisitions in the aggregate: Year ended December 31, (dollars in millions) 2016 2015 2014 Number of businesses acquired 5 4 4 Components of purchase price: Cash paid, net of cash acquired $ 142.8 $ 59.1 $ 89.9 Estimated fair value of contingent consideration 13.8 13.6 8.4 Deferred purchase price, net of (settlements) 3.2 (3.4 ) 3.4 Other — — 13.0 Purchase price $ 159.8 $ 69.3 $ 114.7 Allocation of purchase price: Net tangible assets $ 31.9 $ 9.5 $ 15.5 Identifiable intangible assets 50.1 23.2 44.1 Goodwill 77.8 36.6 55.1 Purchase price $ 159.8 $ 69.3 $ 114.7 Weighted average life of acquired amortizable intangible assets 9.9 years 9.7 years 12.2 years The purchase price for the acquisitions was higher than the fair value of the acquired identifiable assets, resulting in goodwill, due to the existence of intangible assets not recognizable under GAAP and other market factors. During the years ended December 31, 2016 , 2015 and 2014 , we recorded goodwill of $65.1 million , $19.6 million and $29.0 million , respectively, that we expect to be deductible for tax purposes. The purchase price allocations for certain acquisitions completed in 2016 are preliminary pending finalization of opening balance sheets and may be adjusted subsequently. The other component of purchase price represents cash paid to acquire a business that was subsequently rescinded. Since the amount was later refunded in full, we did not include it in the amount paid for acquisitions or the number of businesses acquired.

Property and equipment, net

Property and equipment, net	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property and equipment, net	( 6 ) Property and Equipment, net The following table presents the components of property and equipment, net: December 31, (in millions) 2016 2015 Buildings and improvements $ 199.1 $ 161.4 Equipment and computer software 264.5 244.2 Other 39.1 38.8 Property and equipment, gross 502.7 444.4 Accumulated depreciation (248.9 ) (216.2 ) Property and equipment, net $ 253.8 $ 228.2 Depreciation expense was $44.7 million , $41.1 million and $40.4 million for the years ended December 31, 2016 , 2015 and 2014 , respectively.

Goodwill and other intangible a

Goodwill and other intangible assets, net	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and other intangible assets, net	( 7 ) Goodwill and Other Intangible Assets, net The following tables present information about goodwill by segment: (in millions) Americas EMEA-APAC Total Balance at December 31, 2014 $ 1,042.3 $ 811.3 $ 1,853.6 Acquisitions (Note 5) 19.7 16.9 36.6 Currency translation (15.7 ) (82.9 ) (98.6 ) Other — (0.2 ) (0.2 ) Balance at December 31, 2015 1,046.3 745.1 1,791.4 Acquisitions (Note 5) 65.1 12.7 77.8 Currency translation 2.7 (26.0 ) (23.3 ) Other — (1.9 ) (1.9 ) Balance at December 31, 2016 $ 1,114.1 $ 729.9 $ 1,844.0 December 31, 2016 December 31, 2015 (in millions) Gross carrying amount Accumulated impairment losses Net carrying amount Gross carrying amount Accumulated impairment losses Net carrying amount Americas $ 1,320.7 $ 206.6 $ 1,114.1 $ 1,252.9 $ 206.6 $ 1,046.3 EMEA-APAC 729.9 — 729.9 745.1 — 745.1 Total $ 2,050.6 $ 206.6 $ 1,844.0 $ 1,998.0 $ 206.6 $ 1,791.4 The following table presents the components of other intangible assets: December 31, 2016 December 31, 2015 (in millions) Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer relationships $ 1,413.0 $ 651.3 $ 761.7 $ 1,402.2 $ 581.4 $ 820.8 Other 49.7 20.1 29.6 30.3 15.2 15.1 Amortizable intangible assets 1,462.7 671.4 791.3 1,432.5 596.6 835.9 Indefinite-lived trademarks and tradenames 616.5 — 616.5 619.7 — 619.7 Other intangible assets $ 2,079.2 $ 671.4 $ 1,407.8 $ 2,052.2 $ 596.6 $ 1,455.6 Amortization expense was $85.4 million , $83.4 million and $88.9 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. The following table presents estimated future amortization expense at December 31, 2016 : (in millions) 2017 $ 85.3 2018 83.2 2019 81.6 2020 80.3 2021 76.3 Thereafter 384.6 Total $ 791.3

Debt

Debt	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Debt	( 8 ) Debt The following table presents information about debt: December 31, 2016 December 31, 2015 (dollars in millions) Interest terms Rate Amount Accounts receivable securitization facility LIBOR plus 1.15% 1.89 % $ 163.9 $ 38.0 Senior credit facility: Multi-currency revolving loan facility EURIBOR plus 2.00% 2.00 % 31.6 — Term A loan, net of discount of $4.8 and $6.1 LIBOR plus 2.00% 2.61 % 859.7 903.9 Term B loan, net of discount of $4.4 and $4.7 EURIBOR plus 3.00% 3.00 % 423.8 494.8 4.625% senior notes, net of discount of $7.0 and $8.4 Fixed rate 4.63 % 524.9 538.6 Other debt 13.1 13.7 Total debt $ 2,017.0 $ 1,989.0 Classification on consolidated balance sheets: Current portion of debt $ 250.1 $ 92.8 Debt, net of current portion 1,766.9 1,896.2 Total debt $ 2,017.0 $ 1,989.0 Other debt includes capital lease obligations and subsidiary loans from local banks. Borrowings under the accounts receivable securitization facility and the multi-currency revolving loan facility are included in the current portion of debt because we frequently borrow from and repay them to satisfy short term cash requirements; we are not required to repay those borrowings until maturity of the instruments. In 2016, we entered into two interest rate swaps that exchange LIBOR for fixed rates on a portion of our term A loan. See Note 9 . The following table presents availability under credit facilities at December 31, 2016 : (in millions) Accounts receivable securitization facility Multi-currency revolving loan facility Total Maximum availability $ 175.0 $ 250.0 $ 425.0 Current availability $ 175.0 $ 250.0 $ 425.0 Undrawn letters of credit outstanding (11.0 ) (1.7 ) (12.7 ) Outstanding borrowings (163.9 ) (31.6 ) (195.5 ) Unused availability $ 0.1 $ 216.7 $ 216.8 Current availability under the accounts receivable securitization facility depends upon maintaining a sufficient borrowing base of eligible trade accounts receivable. At December 31, 2016, $243.2 million of trade accounts receivable were pledged as collateral under the facility. The following table presents the maturities of debt principal at December 31, 2016 : (in millions) 2017 2018 2019 2020 2021 Thereafter Total Accounts receivable securitization facility $ — $ 163.9 $ — $ — $ — $ — $ 163.9 Senior credit facility: Multi-currency revolving loan facility — — — 31.6 — — 31.6 Term A loan 45.5 68.3 91.0 659.7 — — 864.5 Term B loan 4.3 4.3 4.3 4.3 4.3 406.7 428.2 4.625% senior notes — — — — — 531.9 531.9 Other debt 4.7 4.3 2.6 1.5 — — 13.1 Total debt, excluding discounts $ 54.5 $ 240.8 $ 97.9 $ 697.1 $ 4.3 $ 938.6 $ 2,033.2 Accounts Receivable Securitization Facility The accounts receivable securitization facility is for $175.0 million with a commercial bank and matures on May 18, 2018 . Borrowings are secured by the trade accounts receivable of certain domestic subsidiaries, which are not available to satisfy the claims of other creditors. We bear the risk of collection on our trade accounts receivable and account for the facility as a secured borrowing. The accounts receivable securitization facility includes representations and covenants that we consider usual and customary, including that, if our available liquidity falls below a specified amount, the ratio of our adjusted earnings to interest expense cannot exceed a specified amount, each as defined. At December 31, 2016 , we were in compliance with those covenants. Senior Credit Facility The senior credit facility is with a syndicate of lenders and includes a $250.0 million multi-currency revolving loan facility due September 28, 2020 , a $910.0 million term A loan due September 28, 2020 and a €406.6 million term B loan due January 15, 2022 . The term loans require us to make scheduled quarterly principal repayments as shown in the table above. Borrowings under the senior credit facility are secured by substantially all of our assets except for the trade accounts receivable that secure the accounts receivable securitization facility and bear interest at variable rates plus a margin that declines if certain net leverage ratios are achieved. Fees payable under the senior credit facility are not material to interest expense. The senior credit facility includes representations and covenants that we consider usual and customary, including that our first lien net leverage ratio, as defined, cannot exceed a specified amount. At December 31, 2016 , we were in compliance with those covenants. We entered into the senior credit facility in 2015, issuing the term B loan at an original discount of €1.2 million and paying debt issuance costs of $15.4 million , most of which were deferred and are being recognized as interest expense through the maturity date. We used a portion of the proceeds from the senior credit facility and proceeds from the issuance of 4.625% senior notes to repay our prior credit facility and incurred a loss on extinguishment of debt of $7.9 million during 2015. In 2016, we amended our term B loan for more favorable interest terms. The amendment required us to repay €50.0 million of principal and pay financing costs of $0.9 million , most of which were deferred and are being recognized as interest expense through the maturity date. We also incurred a loss on extinguishment of debt of $0.5 million representing the portion of unamortized deferred costs and original discount related to the principal repaid. In 2014, we amended our prior credit facility to extend maturity dates and obtain more favorable interest terms and paid debt issuance costs of $1.1 million . Senior Notes We have issued €503.8 million of 4.625% senior notes that mature on April 15, 2022 . Interest is payable in arrears on April 15 and October 15 of each year. The notes are redeemable at premiums that begin at 102.3125% plus the present value of interest through April 15, 2018, then decline through April 15, 2020 at which time the notes become redeemable at face value. The notes are also redeemable in part using proceeds from certain equity offerings and in full upon certain changes in control. The indentures covering the notes include representations and covenants that we consider usual and customary. At December 31, 2016 , we were in compliance with those covenants. In 2015, we issued the notes at an original issue discount of €3.8 million and paid debt issuance costs of $5.4 million , which were deferred and are being recognized as interest expense through the maturity date. We also used a portion of the proceeds from the senior credit facility to redeem all of our 7.25% senior notes for a premium of $20.4 million and incurred a loss on extinguishment of debt of $24.8 million . In 2014, we used net proceeds from the IPO to redeem 10.75% subordinated notes at face value and incurred a loss on extinguishment of debt of $5.1 million .

Financial instruments and fair

Financial instruments and fair value measurements	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Financial instruments and fair value measurements	( 9 ) Financial Instruments and Fair Value Measurements Our financial instruments include cash and cash equivalents, trade accounts receivable, accounts payable, debt and an amount due to Varietal under the ITRA. Except for the amount due to Varietal, these financial instruments are held or issued by a number of institutions, which reduces the risk of material non-performance. Assets and Liabilities for which Fair Value is Only Disclosed The carrying amount of cash and cash equivalents is the same as its fair value and is a Level 1 measurement. The carrying amounts for trade accounts receivable and accounts payable approximate fair value due to their short-term nature and are Level 2 measurements. The following table presents the carrying amounts and fair values of debt instruments: December 31, 2016 December 31, 2015 (in millions) Carrying amount Fair value Carrying amount Fair value Accounts receivable securitization facility $ 163.9 $ 163.9 $ 38.0 $ 38.0 Senior credit facility: Multi-currency revolving loan facility 31.6 31.6 — — Term A loan 859.7 856.4 903.9 901.5 Term B loan 423.8 431.9 494.8 500.5 4.625% senior notes 524.9 553.9 538.6 536.5 Other debt 13.1 13.1 13.7 13.7 The fair values of debt instruments are based on standard pricing models that take into account the present value of future cash flows, which are Level 2 measurements. At December 31, 2016 and 2015 , the amount due to Varietal under the ITRA (see Note 20 ) had carrying amounts of $85.0 million and $163.1 million , respectively, and fair values of $82.9 million and $147.6 million , respectively. The fair values were estimated using a combination of observable and unobservable inputs following an income-based approach, a Level 3 measurement. Recurring Fair Value Measurements with Significant Unobservable Inputs Certain of the business acquisitions we completed entitle the sellers to contingent consideration if earnings targets are met during a period of time following the acquisition. The following table presents changes to contingent consideration liabilities: Year ended December 31, (in millions) 2016 2015 Beginning balance $ 21.0 $ 11.6 Acquisitions (Note 5) 13.8 13.6 Loss (income) from changes to estimated fair value 4.9 (1.1 ) Cash payments (4.2 ) (2.4 ) Currency translation (0.8 ) (0.7 ) Ending balance $ 34.7 $ 21.0 We estimate the fair value of contingent consideration using the average of probability-weighted potential earn-out payments specified in the purchase agreements, a Level 3 measurement, ranging in the aggregate from approximately $19 million to $38 million for all open earn-outs a t December 31, 2016 . The significant assumptions used in these calculations include forecasted results and the estimated likelihood for each performance scenario. Derivative Instruments and Hedging Activities We engage in hedging activities to reduce our exposure to changes in variable interest rates and foreign currency exchange rates. Our hedging activities are designed to manage specific risks according to our strategies, as summarized below, which may change from time to time. Our hedging activities consist of the following: • Cash flow hedging — We hedge the variable base interest rate of a portion of our term A loan using interest rate swaps; • Net investment hedging — We hedge a portion of our net investment in euro-denominated foreign operations using our 4.625% senior notes and a portion of our term B loan; • Economic hedge — We experience opposite foreign currency exchange rate effects related to a euro-denominated intercompany loan and the unhedged portion of our term B loan. The currency effects for these non-derivative instruments are recorded through earnings in the period of change and substantially offset one another; and • Other hedging activities — Some of our subsidiaries hedge short-term foreign-denominated business transactions and intercompany financing transactions using foreign currency forward contracts. No additional disclosures are provided for these activities because they were not material to our consolidated financial statements. Cash Flow and Net Investment Hedging We have entered into two interest rate swaps designated as cash flow hedges of the variable LIBOR rate on $500.0 million of our term A loan. Those swaps exchange the variable LIBOR rate for an approximately 1% fixed rate and mature on September 28, 2020. These hedges have been and are expected to continue to be fully effective. As a result, changes to the fair value of the interest rate swaps, which otherwise would be recognized in earnings, are deferred to AOCI. We have designated €356.0 million of our term B loan and all €503.8 million of our 4.625% senior notes as hedges to protect a portion of our net investment in foreign operations from the impact of changes in the euro to U.S. dollar exchange rate. As a result of these hedge designations, the foreign currency changes on the debt instruments, which otherwise would be recognized in earnings, are deferred to AOCI and equally offset the foreign currency changes on the hedged portion of our net investment. These hedges have no other impact to our financial position, financial performance or cash flows. The following table presents the balance sheet classification and fair values of these instruments, all of which are Level 2 measurements: December 31, (in millions) Balance sheet classification 2016 2015 Cash flow hedging: Interest rate swaps Other assets $ 11.2 $ — Net investment hedging: Portion of term B loan Debt, net of current portion 379.2 402.6 4.625% senior notes Debt, net of current portion 553.9 536.5 The following table presents the net unrealized gain (loss) deferred to AOCI for these instruments: Year ended December 31, (in millions) 2016 2015 Cash flow hedging: Interest rate swaps $ 9.8 $ — Net investment hedging: Portion of net investment in foreign operations (28.6 ) (3.7 ) Portion of term B loan 13.5 12.4 4.625% senior notes 15.1 (8.7 ) All of these hedges were fully effective for the periods presented. The following table presents the net loss reclassified from AOCI into earnings for these instruments: (in millions) Income statement classification Year ended December 31, 2016 2015 Interest rate swaps Interest expense $ (1.4 ) $ —

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and contingencies	( 10 ) Commitments and Contingencies Our business involves risk of product liability, patent infringement and other claims in the ordinary course of business arising from the products that we source from various manufacturers or produce ourselves, as well as from the services we provide. Our exposure to such claims may increase as we seek to increase the geographic scope of our sourcing activities and sales of private label products and to the extent that we expand our manufacturing operations or service offerings. We maintain insurance policies, including product liability insurance, and in many cases the manufacturers of the products we distribute have indemnified us against such claims. We cannot assure you that our insurance coverage or indemnification agreements with manufacturers will be available in all pending or any future cases brought against us. Furthermore, our ability to recover under any insurance or indemnification arrangements is subject to the financial viability of our insurers, our manufacturers and our manufacturers’ insurers, as well as legal enforcement under the local laws governing the arrangements. In particular, as we seek to expand our sourcing from manufacturers in the Asia-Pacific region and other developing locations, we expect that we will increase our exposure to potential defaults under the related indemnification arrangements. Insurance coverage in general or coverage for certain types of liabilities, such as product liability or patent infringement in these developing markets may not be readily available for purchase or cost-effective for us to purchase. Furthermore, insurance for liability relating to asbestos, lead and silica exposure is not available, and we do not maintain insurance for product recalls. Accordingly, we could be subject to uninsured and unindemnified future liabilities, and an unfavorable result in a case for which adequate insurance or indemnification is not available could result in a material adverse effect on our business, financial condition and results of operations. We are also involved in various disputes, litigation and regulatory matters incidental to our business, including employment matters, commercial disputes, government contract compliance matters, disputes regarding environmental clean-up costs, and other matters arising out of the normal conduct of our business. We intend to vigorously defend ourselves in such matters. From time to time, we are named as a defendant in cases as a result of our distribution of laboratory supplies, including litigation resulting from the alleged prior distribution of products containing asbestos by certain of our predecessors or acquired companies. While the impact of these disputes or litigation has historically been immaterial, and we believe the range of reasonably possible loss from current matters continues to be immaterial, there can be no assurance that the impact of the pending and any future claims will not be material to our business, financial condition or results of operations in the future. Employment Agreements The employment agreements with our executive officers include provisions for the payment of severance and continuing health benefits following termination without cause or resignation for good reason, as those terms are defined in the employment agreements. The aggregate of potential payments for all executive officers under these provisions was $11.1 million at December 31, 2016 . Registration Rights Agreement We are party to a registration rights agreement with Varietal that could require us to pay securities registration costs in future periods. Under the registration rights agreement, Varietal is entitled to request that we register (i) any shares of our common stock that it held at October 7, 2014 and (ii) any shares held by Madison Dearborn Partners. Should we register such common stock, we would be required to pay costs related to the registration as well as Varietal’s expenses in connection with its exercise of these rights. During the years ended December 31, 2016 and 2015 , we incurred expenses pursuant to the registration rights agreement. See Note 20 .

Redeemable equity

Redeemable equity	12 Months Ended
	Dec. 31, 2016
Temporary Equity Disclosure [Abstract]
Redeemable equity	( 11 ) Redeemable Equity Redeemable equity consists of redeemable equity units of our parent and, prior to July 31, 2014, redeemable convertible preferred stock. Redeemable Equity Units of Parent In 2007, Varietal established a plan whereby certain employees were able to purchase a “strip” of preferred and common units. The following describes the accounting for these units: • Issuances — Prior to the recapitalization, Varietal issued these units in exchange for cash. Subsequently, Varietal contributed an equal amount of capital to us in exchange for shares of redeemable convertible preferred stock. None of these units have been issued following the recapitalization. • Repurchases — Upon termination of the employee unitholders, two redemption options may be triggered, one of which is outside of our control. Prior to the recapitalization, Varietal redeemed the units by providing an equally-valued number of shares of our redeemable convertible preferred stock to the unitholder, which we subsequently redeemed for cash. Following the recapitalization, Varietal redeems units directly with cash. • Valuation — These units are presented on our consolidated balance sheets at their redemption value. The redemption value is contractually defined, with preferred units valued as the sum of unreturned capital plus a cumulative dividend and common units valued at the enterprise value of Varietal less the redemption value of preferred units. Changes to the redemption value are reclassified to or from additional paid-in capital. Certain employees also received a special type of common unit that vested based upon continuing service, subject to accelerated vesting upon the occurrence of certain events. Because these units were provided as an incentive to provide services to us, we accounted for them as stock-based compensation. See Note 13 . Redeemable Convertible Preferred Stock In 2014, in anticipation of our IPO, we completed an internal recapitalization (see Note 12 ) pursuant to which all shares of our redeemable convertible preferred stock were exchanged for newly-issued shares of common stock. Prior to the recapitalization, the preferred stock was redeemable by Varietal for the sum of unreturned capital plus a cumulative dividend.

Stockholders' equity

Stockholders' equity	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Stockholders' equity	( 12 ) Stockholders’ Equity Stockholders’ equity consists of common stock. We are also authorized to issue preferred stock. Our debt agreements impose restrictions on VWR Funding’s ability to make payments to VWR Corporation, including for the purpose of paying dividends on capital stock. See Note 24 . Recapitalization In anticipation of our IPO, we completed an internal recapitalization in 2014 pursuant to which all then outstanding equity was exchanged for 102.0 million shares of newly-issued common stock. We also amended and restated our certificate of incorporation and bylaws which resulted in the capitalization shown on our consolidated balance sheet and included a 102 -for-1 stock split. Initial Public Offering In 2014, we completed our IPO, which included an additional sale to our underwriters, by issuing 29.4 million common shares at a price of $21.00 per share. After deducting underwriting discounts, the IPO resulted in net proceeds of $582.6 million . In connection with the IPO, we also: i) paid a $25.0 million dividend to Varietal; ii) terminated a management services agreement with Madison Dearborn Partners and Avista Capital Partners and entered into an ITRA with Varietal (see Note 20 ); iii) awarded stock options to certain employees and directors under a new stock-based compensation plan (see Note 13 ); and iv) used the net proceeds from the IPO to repay debt.

Stock-based compensation

Stock-based compensation	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based compensation	( 13 ) Stock-Based Compensation The following table presents the components of stock-based compensation expense, a component of SG&A expenses: Year ended December 31, (in millions) 2016 2015 2014 2014 Plan $ 8.3 $ 4.4 $ 1.1 Other immaterial plans 0.3 0.5 0.9 Total $ 8.6 $ 4.9 $ 2.0 At December 31, 2016 , remaining stock-based compensation expense of $25.9 million related to unvested awards will be recognized over a weighted average period of 3.0 years . 2014 Plan The 2014 Plan authorized up to 11.5 million shares of common stock to be issued in the form of stock options, stock appreciation rights, restricted stock or other stock-based awards. At December 31, 2016 , 5.6 million shares were available for future issuance. No award shall be granted pursuant to the 2014 Plan on or after September 9, 2024. The following table presents information about stock options under the 2014 Plan: Year ended December 31, 2016 (in millions, except per option amounts and years) Number of stock options Weighted average exercise price per option Aggregate intrinsic value Weighted average remaining term Outstanding at beginning of period 3.2 $ 21.03 Granted 2.8 24.68 Exercised (0.1 ) 21.00 Forfeited (0.1 ) 21.39 Outstanding at end of period 5.8 22.80 $ 13.3 5.4 years Expected to vest 4.5 23.26 8.3 5.6 years Exercisable 1.2 21.02 4.8 4.8 years Granted In 2016, we granted stock options to management that vest 25% on the first anniversary of the date of grant and 6.25% quarterly thereafter through the four th anniversary of the date of grant and have a seven -year term. In 2014, we granted stock options to management that vest 40% on the second anniversary of the date of grant and 5.00% quarterly thereafter through the fifth anniversary of the date of grant and have a seven -year term. The following table presents information about their fair value: Year ended December 31, 2016 2014 Weighted average grant date fair value $ 6.69 $ 6.67 Expected stock price volatility 30 % 33 % Risk free interest rate 1.16 % 1.76 % Expected dividend rate nil nil Expected life of options 4.6 years 4.9 years Vested and Exercised Beginning in 2016, options vested and were exercised. The total fair value of options vested during the year was $8.2 million . Options exercised had intrinsic value of $0.6 million , caused us to realize a tax benefit of $0.2 million and resulted in cash contributions of $2.0 million .

Restructuring

Restructuring	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Restructuring	( 14 ) Restructuring In the fourth quarter of 2016, we initiated a restructuring program designed to achieve additional efficiencies in our operating model and reduce operating expenses. The program involves selectively realigning personnel, closures of several smaller operations accompanied by consolidation of their operating activities in other business units, and closure or divestiture of certain non-strategic businesses units. The program is expected to be completed by early 2018 when operating activity relocations are scheduled to be completed. The following table presents information about restructuring charges under the 2016 program, which are included in SG&A expenses: (in millions) Year ended December 31, 2016 December 31, 2016 Cumulative charges incurred Expected remaining charges Total expected charges Employee severance $ 12.9 $ 12.9 $ 5.4 $ 18.3 Facility closure 0.4 0.4 3.9 4.3 Other 7.0 7.0 5.4 12.4 Total $ 20.3 $ 20.3 $ 14.7 $ 35.0 Americas $ 1.8 $ 1.8 $ 1.7 $ 3.5 EMEA-APAC 18.5 18.5 13.0 31.5 Total $ 20.3 $ 20.3 $ 14.7 $ 35.0 Other charges are to write-down the carrying value of net assets of businesses that we plan to close or sell under the program. The following table presents changes to accrued restructuring charges: (in millions) Employee severance Facility closure Total Balance at December 31, 2015 $ — $ — $ — Restructuring charges 12.9 0.4 13.3 Cash payments (2.2 ) — (2.2 ) Balance at December 31, 2016 $ 10.7 $ 0.4 $ 11.1

Benefit plans

Benefit plans	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Benefit plans	( 15 ) Benefit Plans We sponsor a number of defined benefit plans for our employees worldwide. We present these plans as follows due to their differing geographies, characteristics and actuarial assumptions: • The U.S. Retirement Plan is a funded and tax-qualified defined benefit retirement plan providing two types of benefits based on: (i) service for substantially all full-time U.S. employees who completed a year of service by May 31, 2005, with benefits frozen on that date; and (ii) beginning in 2016, an annual contribution we make for substantially all full-time U.S. employees that grows at a defined rate. We generally fund the minimum amount required by applicable laws and regulations. We use a December 31 measurement date for the U.S. Retirement Plan. • The German, French and UK Plans are presented in the aggregate. Our German subsidiaries have unfunded defined benefit pension plans for certain employees and retirees that are closed to new participants. Our French subsidiary has a funded defined benefit pension plan for a certain group of employees that is closed to new participants. Our UK subsidiary has funded defined benefit plans that are closed to new participants and frozen with respect to future accrual of benefits. We use a December 31 measurement date for the German, French and UK Plans. • We sponsor certain other defined benefit plans that are not material individually or in the aggregate. We also sponsor a defined contribution plan for our employees in the United States, Canada and Puerto Rico that features an employer match. Prior to 2016, we also provided an annual contribution to those plans based on company performance that was replaced by a similar benefit under the U.S. Retirement Plan beginning in 2016. The aggregate expense for our defined contribution plans was $9.9 million , $10.6 million and $10.7 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. The following table presents information about our defined benefit plans: U.S. Retirement Plan German, French and UK Plans Year ended December 31, Year ended December 31, (in millions) 2016 2015 2016 2015 Change in projected benefit obligation: Beginning balance $ 180.1 $ 189.1 $ 164.0 $ 180.3 Service cost 3.9 0.7 1.4 1.7 Interest cost 6.8 7.7 4.4 5.1 Actuarial loss (gain) 4.3 (9.7 ) 34.8 (6.4 ) Benefits paid (7.7 ) (7.7 ) (5.1 ) (3.2 ) Currency translation — — (20.2 ) (13.5 ) Other — — 0.7 — Ending balance 187.4 180.1 180.0 164.0 Change in fair value of plan assets: Beginning balance 222.8 241.2 84.7 83.0 Actual gain (loss) on plan assets 23.1 (10.7 ) 21.7 2.3 Company contributions — — 10.1 7.3 Benefits paid (7.7 ) (7.7 ) (5.1 ) (3.2 ) Currency translation — — (16.2 ) (4.7 ) Ending balance 238.2 222.8 95.2 84.7 Funded status at end of year $ 50.8 $ 42.7 $ (84.8 ) $ (79.3 ) Accumulated benefit obligation at end of year $ 187.4 $ 180.1 $ 172.2 $ 156.5 Amounts recognized in consolidated balance sheets at end of year: Other assets 50.8 42.7 0.6 0.8 Other liabilities — — 85.4 80.1 Accumulated other comprehensive income (loss) 13.6 7.9 (66.1 ) (53.1 ) At December 31, 2016 , the amounts in AOCI that have not been recognized as net periodic pension income or cost relate to actuarial gains or losses, none of which will be recognized for the U.S. Retirement Plan and $3.8 million of which will be recognized for the German, French and UK Plans in 2017 . The following table presents the components of net periodic pension (income) cost: U.S. Retirement Plan German, French and UK Plans Year ended December 31, Year ended December 31, (in millions) 2016 2015 2014 2016 2015 2014 Service cost $ 3.9 $ 0.7 $ 0.7 $ 1.4 $ 1.7 $ 1.5 Interest cost 6.8 7.7 8.4 4.4 5.1 6.6 Expected return on plan assets (13.1 ) (14.2 ) (14.4 ) (4.6 ) (4.8 ) (5.7 ) Recognized net actuarial (gain) loss — — (0.4 ) 3.3 3.7 2.1 Gain on partial plan settlement — — (6.9 ) — — — Other — — — 0.7 — — Total $ (2.4 ) $ (5.8 ) $ (12.6 ) $ 5.2 $ 5.7 $ 4.5 For the years ended December 31, 2016 , 2015 and 2014 , the net unrealized gain (loss) recorded in other comprehensive income or loss was: (i) for the U.S. Retirement Plan, $5.8 million , $(15.3) million and $(5.0) million , respectively; and (ii) for the German, French and UK Plans, $(16.4) million , $3.9 million and $(26.3) million , respectively. The amounts reclassified from AOCI into earnings are shown in the table above as recognized net actuarial gain or loss. The following table presents the assumptions used to determine the projected benefit obligation and net periodic pension income: U.S. Retirement Plan German, French and UK Plans Year ended December 31, Year ended December 31, 2016 2015 2014 2016 2015 2014 Projected benefit obligation at end of year: Discount rate 4.23 % 4.58 % 4.13 % 2.36 % 3.22 % 2.99 % Annual rate of compensation increase 3.00 % * * 3.00 % 3.00 % 3.00 % Net periodic pension cost or income: Discount rate 4.58 % 4.13 % ** 3.22 % 2.99 % 4.19 % Expected rate of return on plan assets 6.00 % 6.00 % 6.00 % 6.01 % 5.93 % 6.92 % Annual rate of compensation increase 3.00 % * * 3.00 % 3.00 % 3.00 % * Not applicable ** We used discount rates of 4.90% and 4.34% to measure the net periodic pension income of the U.S. Retirement Plan before and after a partial plan settlement that occurred on June 1, 2014, respectively. We select our discount rates by reference to published bond yield curves. The following table presents future benefits expected to be paid at December 31, 2016 : (in millions) U.S. Retirement Plan German, French and UK Plans 2017 $ 13.9 $ 3.1 2018 13.7 3.0 2019 12.8 3.8 2020 13.0 3.7 2021 13.1 4.5 2022 – 2026 63.3 28.2 During the year ended December 31, 2016 , we made no contributions to the U.S. Retirement Plan and $10.1 million of aggregate contributions to the German, French and UK Plans. In 2017, we expect to make no contributions to the U.S. Retirement Plan and aggregate contributions of $4.2 million to the German, French and UK Plans. The following table presents information about plan assets by type of fair value measurement: December 31, 2016 December 31, 2015 (in millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 U.S. Retirement Plan: Cash and cash equivalents $ 2.0 $ 2.0 $ — $ — $ 1.4 $ 1.4 $ — Fixed income funds 181.0 — 181.0 — 171.4 — 171.4 Equity funds 55.2 14.8 36.4 4.0 50.0 18.2 31.8 Total $ 238.2 $ 16.8 $ 217.4 $ 4.0 $ 222.8 $ 19.6 $ 203.2 German, French and UK Plans: Cash and cash equivalents $ 1.1 $ 1.1 $ — $ — $ 1.0 $ 1.0 $ — Fixed income funds 32.4 — 32.4 — 68.2 — 68.2 Equity funds 61.7 — 61.7 — 15.5 — 15.5 Total $ 95.2 $ 1.1 $ 94.1 $ — $ 84.7 $ 1.0 $ 83.7 At December 31, 2016 , the investment strategy of the U.S. Retirement Plan is to match the investment asset duration with the pension liability duration. This strategy, utilizing diversified fixed income funds, attempts to hedge the discount rate used to present value future pension obligations. The fixed income funds invest in long duration investment grade corporate bonds primarily across industrial, financial and utilities sectors and is managed by a single institution. Surplus assets, the fair market value of assets in excess of benefit obligations, are invested in equity funds. We estimate the future return on plan assets after considering prior performance, but primarily based upon the mix of assets and expectations for the long-term returns on those asset classes. Based on the target asset allocation for each asset class, the overall expected rate of return is adjusted for the historical experience and future expectations of returns as a result of active portfolio management as compared to the benchmark returns. Assets measured using Level 3 inputs were not material to the portfolio. At December 31, 2016 , the investment strategy for the assets of the German, French and UK Plans is to match the expected return of its portfolio with the required return to reach its long-term funding objectives. To generate this return, the plan invests in return-seeking assets, primarily global equity funds. In addition to targeting this return, the strategy also includes mitigating the risk that the present value of the liabilities increases as a result of changes to inflation and interest rates. These liability risks are hedged by investing in fixed income funds, primarily consisting of government bonds and inflation-linked government bonds. The expected long-term rate of return on plan assets used in determining pension expense is determined in a similar manner to the U.S. Retirement Plan.

Leases

Leases	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Leases	( 16 ) Leases We lease office and warehouse space, vehicles and computer and office equipment under operating leases. Operating lease expense was $39.2 million , $32.8 million and $35.5 million for the years ended December 31, 2016 , 2015 and 2014 , respectively. The following table presents future minimum lease payments under operating leases at December 31, 2016 : (in millions) 2017 $ 33.4 2018 28.4 2019 21.7 2020 15.1 2021 12.9 Thereafter 32.8 Total minimum payments $ 144.3

Other income (expense), net

Other income (expense), net	12 Months Ended
	Dec. 31, 2016
Other Income and Expenses [Abstract]
Other income (expense), net	( 17 ) Other Income (Expense), net Other income (expense), net, consists primarily of foreign currency remeasurement gains and losses. Significant foreign-denominated debt instruments are held by a subsidiary in the United States, causing us to record remeasurement gains or losses in earnings to the extent not hedged. In 2015, we designated some of that debt as a hedge of our net investment in foreign operations, which has reduced the impact to earnings. See Note 9 .

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income taxes	( 18 ) Income Taxes The following table presents information related to the consolidated income statements: Year ended December 31, (in millions) 2016 2015 2014 Income before income taxes: United States $ 146.3 $ 123.3 $ 121.4 Foreign 88.0 106.8 116.0 Total $ 234.3 $ 230.1 $ 237.4 Income tax provision: Current income tax provision: Federal $ 37.9 $ 5.1 $ 3.8 State 9.1 0.8 0.6 Foreign 35.7 42.6 46.5 Total 82.7 48.5 50.9 Deferred income tax provision (benefit): Federal 11.2 38.3 40.1 State (1.1 ) 0.9 4.3 Foreign (6.7 ) (11.9 ) (10.5 ) Total 3.4 27.3 33.9 Total income tax provision $ 86.1 $ 75.8 $ 84.8 The following table presents the reconciliation of the income tax provision calculated at the United States statutory federal income tax rate of 35% to the amounts presented in the consolidated income statements: Year ended December 31, (in millions) 2016 2015 2014 Income tax provision at United States federal statutory rate $ 82.0 $ 80.5 $ 83.1 State income taxes, net of federal benefit 5.2 1.4 3.3 Change in foreign tax rates — (4.5 ) — Foreign rate differential (7.4 ) (11.0 ) (10.4 ) Changes to valuation allowance not included above 5.4 5.1 5.6 Other, net 0.9 4.3 3.2 Income tax provision $ 86.1 $ 75.8 $ 84.8 The following table presents information about deferred tax assets and liabilities: December 31, (in millions) 2016 2015 Deferred tax assets: Net operating loss carryforwards $ 104.1 $ 136.2 Other 40.7 40.3 Deferred tax assets, gross 144.8 176.5 Valuation allowances (105.1 ) (102.5 ) Deferred tax assets, net 39.7 74.0 Deferred tax liabilities: Intangible assets (442.0 ) (467.2 ) Goodwill (39.7 ) (38.2 ) Other (21.4 ) (16.2 ) Total deferred tax liabilities (503.1 ) (521.6 ) Net deferred tax liability $ (463.4 ) $ (447.6 ) Classification on consolidated balance sheets: Other assets $ 13.8 $ 11.9 Deferred income tax liabilities (477.2 ) (459.5 ) Net deferred tax liability $ (463.4 ) $ (447.6 ) The increase (decrease) to the valuation allowance for the years ended December 31, 2016 , 2015 and 2014 was $2.6 million , $(7.5) million and $(9.3) million , respectively. At December 31, 2016 , most of the valuation allowances presented above relate to foreign net operating loss carryforwards that are not expected to be realized. We evaluate the realization of deferred tax assets by considering such factors as the reversal of existing taxable temporary differences, expected profitability by tax jurisdiction and available carryforward periods. The extent and timing of any such reversals will influence the extent of tax benefits recognized in a particular year. Should applicable losses, credits and deductions ultimately be realized, the resulting reduction in the valuation allowance would generally be recognized as a component of our income tax provision or benefit. Uncertain Tax Positions We conduct business globally, causing us to file income tax returns in the United States federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, we are subject to examination by taxing authorities, including jurisdictions in which we have significant operations such as Germany, France, the UK, Belgium, Sweden, Canada, Switzerland and the United States. We have concluded substantially all income tax matters (i) in the United States through 2005 and (ii) in the foreign jurisdictions noted above through 2010. The development of reserves for uncertain tax positions requires judgments about tax issues, potential outcomes and timing of settlement discussions with tax authorities. If we were to prevail on all uncertain tax positions, we would recognize a benefit to our income tax provision. The following table reflects changes to the reserve for uncertain tax positions: Year ended December 31, (in millions) 2016 2015 2014 Beginning balance $ 62.2 $ 61.7 $ 57.9 Additions: Tax positions related to the current year 1.7 1.7 5.1 Tax positions related to prior years 0.1 0.3 0.3 Reductions: Tax positions related to prior years — (0.2 ) (0.1 ) Settlements with taxing authorities (1.2 ) (0.1 ) (0.3 ) Lapse of statutes of limitations (0.6 ) (0.6 ) (0.4 ) Currency translation (0.4 ) (0.6 ) (0.8 ) Ending balance $ 61.8 $ 62.2 $ 61.7 The amounts above exclude accrued interest and penalties of $1.2 million and $1.0 million at December 31, 2016 and 2015 , respectively. We expect a reduction in the liability for uncertain tax positions of up to $0.9 million over the next twelve months as a result of settlements with taxing authorities and the lapse of statutes of limitations. Other Matters Neither income taxes nor foreign withholding taxes have been provided on $842.8 million of cumulative undistributed earnings of foreign subsidiaries as of December 31, 2016 . These earnings are considered permanently invested in the business. We make an evaluation at the end of each reporting period as to whether or not some or all of the undistributed earnings are permanently reinvested. Future changes in facts and circumstances could require us to recognize income tax liabilities on the assumption that our foreign undistributed earnings will be distributed to the United States in a manner that attracts a net tax cost. At this time, a determination of the amount of unrecognized deferred tax liabilities is not practicable because of the complexities associated with its hypothetical calculation. At December 31, 2016 , we had federal net operating loss carryforwards of $133.5 million that begin to expire in 2027 and state net operating loss carryforwards of $332.8 million , with a corresponding state tax benefit of $12.7 million , that expire at various times through 2034. In addition, we had foreign net operating loss carryforwards of $308.2 million , which predominantly have indefinite expirations. We have entered into an agreement that provides for the payment to Varietal of the majority of cash savings in U.S. federal, state and local income tax as a result of the utilization of net operating losses generated in periods prior to the IPO. See Note 20 . We file a consolidated federal and certain state combined income tax returns with our domestic subsidiaries.

Comprehensive income or loss

Comprehensive income or loss	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Comprehensive income or loss	( 19 ) Comprehensive Income or Loss The following table presents changes in the components of AOCI, net of tax: (in millions) Foreign currency translation Derivative instruments Defined benefit plans Total Balance at December 31, 2013 $ 13.3 $ (2.1 ) $ (8.7 ) $ 2.5 Net unrealized (loss) gain arising during the period (204.2 ) 0.7 (27.0 ) (230.5 ) Reclassification of net loss (gain) into earnings — 1.1 (3.0 ) (1.9 ) Balance at December 31, 2014 (190.9 ) (0.3 ) (38.7 ) (229.9 ) Net unrealized (loss) gain arising during the period (174.4 ) 3.0 (7.0 ) (178.4 ) Reclassification of net (gain) loss into earnings — (0.7 ) 2.7 2.0 Balance at December 31, 2015 (365.3 ) 2.0 (43.0 ) (406.3 ) Net unrealized (loss) gain arising during the period (22.4 ) 9.1 (9.4 ) (22.7 ) Reclassification of net loss (gain) into earnings 1.2 (2.3 ) 2.7 1.6 Balance at December 31, 2016 $ (386.5 ) $ 8.8 $ (49.7 ) $ (427.4 ) The following table presents the reclassifications of net (gain) loss from AOCI into earnings: Year ended December 31, (in millions) 2016 2015 2014 Foreign currency translation: Selling, general and administrative expenses $ 1.7 $ — $ — Income tax provision (0.5 ) — — Net income $ 1.2 $ — $ — Derivative instruments: Cost of goods sold $ (4.2 ) $ (2.3 ) $ 0.6 Interest expense 1.4 0.3 0.6 Loss on extinguishment of debt — 0.7 0.5 Income tax provision 0.5 0.6 (0.6 ) Net income $ (2.3 ) $ (0.7 ) $ 1.1 Defined benefit plans: Selling, general and administrative expenses $ 3.9 $ 3.9 $ (5.3 ) Income tax provision (1.2 ) (1.2 ) 2.3 Net income $ 2.7 $ 2.7 $ (3.0 ) The following table presents the income tax effects of comprehensive income or loss components: Year ended December 31, (in millions) 2016 2015 2014 Foreign currency translation: Net unrealized income tax provision arising during the period $ (11.1 ) $ (1.5 ) $ — Reclassification of net income tax benefit into earnings (0.5 ) — — Derivative instruments: Net unrealized income tax provision arising during the period (4.8 ) (1.8 ) (0.2 ) Reclassification of net income tax provision (benefit) into earnings 0.5 0.6 (0.6 ) Defined benefit plans: Net unrealized income tax benefit arising during the period 2.2 4.8 10.1 Reclassification of net income tax (benefit) provision into earnings (1.2 ) (1.2 ) 2.3

Related party transactions

Related party transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related party transactions	( 20 ) Related Party Transactions Due to Varietal — ITRA We are party to an ITRA with Varietal. The ITRA provides for the payment of most of the cash savings in U.S. federal, state and local income tax realized as a result of utilizing net operating losses that were generated in periods prior to the IPO. Varietal will not reimburse us for any payments previously made under the ITRA if such benefits are subsequently disallowed. As noted previously, Madison Dearborn Partners owns a controlling interest in Varietal. We make payments under the ITRA the year after the tax year for which we claim the net operating loss carryforwards. We made a payment under the ITRA of $78.1 million during the year ended December 31, 2016. At December 31, 2016 , the remaining amount due to Varietal under the ITRA was $85.0 million , $27.7 million of which is classified as current and represents our estimate of the payment that will become due in March 2017. Registration Rights Agreement During the years ended December 31, 2016 and 2015 , Varietal completed registered sales of 25.2 million and 31.1 million shares of our common stock, respectively. We received no proceeds from these sales and issued no additional shares of our common stock. Pursuant to our registration rights agreement with Varietal (see Note 10 ), we incurred expenses of $1.2 million and $1.5 million in 2016 and 2015, respectively, for the registrations and sales of common stock.

Risk and uncertainties

Risk and uncertainties	12 Months Ended
	Dec. 31, 2016
Risks and Uncertainties [Abstract]
Risk and uncertainties	( 21 ) Risks and Uncertainties Evaluating Goodwill and the VWR Tradename for Impairment On October 1 of each year, we perform annual impairment testing of our goodwill and the VWR tradename. The impairment testing requires us to estimate the fair value of these assets, which requires significant judgment. We experienced more modest growth across our business in 2016 compared to 2015, which caused us to decrease the projected cash flows of our reporting units resulting in a decline in the estimated fair value using the income approach. Increases in the market approach driven by increased stock performance and valuation multiples more than offset that decrease for the Americas and partially offset that decrease for EMEA-APAC. This resulted in an increase to the estimated fair value of our Americas reporting unit, a decrease to the estimated fair value of our EMEA-APAC reporting unit and an increase to the estimated fair value our indefinite-lived intangible assets, each compared to prior periods. However, future changes in our estimates or judgments could reduce our fair value measurements, which could in turn result in an impairment charge. For example, our expected net sales, cash flow performance or market conditions could be adversely affected by negative macroeconomic or industry-specific factors. In 2011 and 2010, we recognized impairment charges of $3.3 million and $48.1 million , respectively, related to changes in the science education industry, while in 2008 we recognized impairment charges of $392.1 million related to macroeconomic factors. We could also experience adverse changes in market factors such as discount rates, valuation multiples derived from comparable publicly-traded companies, a decline in the trading price of our common stock or control premiums derived from market transactions. At October 1, 2016 , the estimated fair value of the VWR tradename, which comprises substantially all of our indefinite-lived intangible assets, exceeded its carrying value by over $300 million , and the estimated fair values of our Americas and EMEA-APAC reporting units exceeded their carrying values by over $1.1 billion and over $900 million , respectively. Evaluating Long-Lived Assets for Impairment We have acquired 46 businesses since June 2007. Following their recognition in business combinations, we are required to monitor their long-lived assets for indicators of impairment. If identified, we are required to perform impairment testing, which may require us to estimate the fair value of those assets. Estimating fair value requires us to exercise significant judgment. Based on a review of financial performance in 2015, we decreased our forecast of the profitability of a non-strategic business in our EMEA-APAC segment and recorded impairment charges of $3.2 million in 2015. In 2016, we committed to a plan to sell that business as part of the restructuring program disclosed in Note 14 . As a result, we incurred additional charges of $6.6 million to write-down the carrying value of its net assets. Should we identify other indicators of impairment in future periods, we may be required to recognize additional charges. Changes to Foreign Currency Exchange Rates Our operations span the globe. A significant portion of our earnings and net assets are denominated in foreign currencies, principally the euro but also the British pound sterling and many others. We also carry a significant amount of euro-denominated debt in the United States. Because we translate or remeasure these items into U.S. dollars, changes in foreign currency exchange rates can have a significant impact on our reported results. We are not able to predict the impact that future changes in foreign currency exchange rates may have on our operating results, but their impact could be significant. Over the past few years, we have experienced significant changes in foreign currency exchange rates. Following a 2016 referendum to leave the European Union, the value of the British pound sterling in U.S. dollars dropped significantly. The value of the euro in U.S. dollars also reached a historic low in late 2016. These trends followed a significant strengthening of the U.S. dollar against most foreign currencies during the second half of 2014. In 2015, we designated hedges that reduced our exposure to foreign currency remeasurement recorded in earnings. For more information, see Note 9 . Significant Concentrations Our two largest suppliers accounted for 8% and 6% of our cost of goods sold in 2016.

Segment financial information

Segment financial information	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Segment financial information	( 22 ) Segment Financial Information We report financial results on the basis of two reportable segments organized by geographic region: the Americas and EMEA-APAC. Both the Americas and EMEA-APAC segments provide laboratory products, services and solutions to customers in the life science, general research and applied markets, including the pharmaceutical, biotechnology, agricultural, chemical, environmental, food and beverage, health care, microelectronic and petrochemical industries, as well as governmental agencies, universities and research institutes and environmental organizations. Corporate costs are managed centrally and attributed to the Americas segment. The following tables present segment financial information: Year ended December 31, (in millions) 2016 2015 2014 Net sales: Americas $ 2,737.7 $ 2,577.3 $ 2,430.1 EMEA-APAC 1,776.5 1,741.5 1,945.2 Total $ 4,514.2 $ 4,318.8 $ 4,375.3 Operating income: Americas $ 174.9 $ 162.5 $ 141.0 EMEA-APAC 140.7 157.7 176.9 Total $ 315.6 $ 320.2 $ 317.9 Capital expenditures: Americas $ 47.8 $ 30.5 $ 22.2 EMEA-APAC 12.1 10.4 11.4 Total $ 59.9 $ 40.9 $ 33.6 Depreciation and amortization: Americas $ 87.3 $ 82.1 $ 77.8 EMEA-APAC 42.8 42.4 51.5 Total $ 130.1 $ 124.5 $ 129.3 December 31, (in millions) 2016 2015 Total assets: Americas $ 3,067.1 $ 2,867.6 EMEA-APAC 1,895.4 1,926.2 Total $ 4,962.5 $ 4,793.8 The amounts above exclude inter-segment activity. All of the net sales for each segment are from external customers. We determined that disclosing net sales for each group of similar customers, products and services would be impracticable. The following tables present net sales and property and equipment by geographic area: Year ended December 31, (in millions) 2016 2015 2014 Net sales: United States $ 2,517.7 $ 2,355.9 $ 2,188.2 Canada 185.2 188.9 205.6 Central and South America 34.8 32.5 36.3 Europe 1,704.8 1,676.6 1,870.3 Asia-Pacific 71.7 64.9 74.9 Total $ 4,514.2 $ 4,318.8 $ 4,375.3 December 31, (in millions) 2016 2015 Property and equipment: United States $ 166.1 $ 139.9 Canada 5.9 4.2 Central and South America 4.4 2.6 Europe 72.0 74.9 Asia-Pacific 5.4 6.6 Total $ 253.8 $ 228.2 We disclose property and equipment by geographic area because many of these assets cannot be readily moved and are illiquid, subjecting them to geographic risk. None of our other long-lived assets are subject to geographic risk.

Unaudited quarterly financial i

Unaudited quarterly financial information	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Unaudited quarterly financial information	( 23 ) Unaudited Quarterly Financial Information Year ended December 31, 2016 (in millions, except per share data) First Second Third Fourth Net sales $ 1,098.3 $ 1,149.5 $ 1,136.1 $ 1,130.3 Gross profit 310.6 323.4 313.5 314.3 Net income 38.8 41.8 40.6 27.0 Earnings per share: Basic 0.30 0.32 0.31 0.21 Diluted 0.29 0.32 0.31 0.20 Year ended December 31, 2015 (in millions, except per share data) First Second Third Fourth Net sales $ 1,029.6 $ 1,081.2 $ 1,095.5 $ 1,112.5 Gross profit 291.2 298.5 299.5 307.9 Net income 71.5 18.3 11.0 53.5 Earnings per share: Basic 0.54 0.14 0.08 0.41 Diluted 0.54 0.14 0.08 0.41

Condensed parent company only f

Condensed parent company only financial statements	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed parent company only financial statements	( 24 ) Condensed Parent Company Only Financial Statements Our subsidiaries are party to certain debt agreements that restrict their ability to pay dividends or make other distributions to us. At December 31, 2016 , $1,308.4 million of the net assets of our subsidiaries were subject to those restrictions. Those net assets are restricted from being transferred to us in the form of loans, advances or cash dividends except as permitted by the debt agreements. For example, those agreements allow our subsidiaries to fund amounts payable under the ITRA without the restriction. Pursuant to SEC regulations, the following presents condensed financial information as to the financial position, results of operations and cash flows of VWR Corporation on an unconsolidated basis. The related disclosures required by those regulations are provided elsewhere in the consolidated financial statements. Condensed Parent Company Only Balance Sheets December 31, (in millions, except per share data) 2016 2015 Assets Cash and cash equivalents $ 4.7 $ — Investment in unconsolidated subsidiaries 1,595.9 1,538.3 Total assets $ 1,600.6 $ 1,538.3 Liabilities, Redeemable Equity and Stockholders’ Equity Current liabilities: Current amount due to Varietal — ITRA $ 27.7 78.1 Total current liabilities 27.7 78.1 Amount due to Varietal — ITRA, net of current portion 57.3 85.0 Total liabilities 85.0 163.1 Redeemable equity, at redemption value 21.2 38.8 Stockholders’ equity: Preferred stock, $0.01 par value; 50.0 shares authorized, no shares issued or outstanding — — Common stock, $0.01 par value; 750.0 shares authorized, 131.6 and 131.4 shares issued and outstanding 1.3 1.3 Additional paid-in capital 1,766.0 1,735.1 Retained earnings 154.5 6.3 Accumulated other comprehensive loss (427.4 ) (406.3 ) Total stockholders’ equity 1,494.4 1,336.4 Total liabilities, redeemable equity and stockholders’ equity $ 1,600.6 $ 1,538.3 Condensed Parent Company Only Income Statements Year ended December 31, (in millions) 2016 2015 2014 Equity in earnings of unconsolidated subsidiaries, net of tax $ 148.2 $ 154.3 $ 152.6 Net income 148.2 154.3 152.6 Accretion of dividends on redeemable equity — — (29.4 ) Net income applicable to common stockholders $ 148.2 $ 154.3 $ 123.2 Condensed Parent Company Only Statements of Cash Flows Year ended December 31, (in millions) 2016 2015 2014 Cash flows from financing activities: Proceeds from issuance of common stock $ 4.7 $ 1.3 $ 582.6 Payment of stock issuance costs — — (4.8 ) Capital contributed to unconsolidated subsidiaries — (1.3 ) (577.8 ) Receipt of dividends from unconsolidated subsidiaries 78.1 9.8 33.9 Payment of dividend — — (25.0 ) Redemption of redeemable equity — — (8.9 ) Payment to Varietal under ITRA (78.1 ) (9.8 ) — Net cash from financing activities 4.7 — — Cash and cash equivalents at beginning of period — — — Cash and cash equivalents at end of period $ 4.7 $ — $ —

Valuation and qualifying accoun

Valuation and qualifying accounts	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
Valuation and qualifying accounts	( 25 ) Valuation and Qualifying Accounts The following table presents changes to our valuation and qualifying accounts: (in millions) Beginning balance Charged to costs and expenses Deductions (1) Currency translation Ending balance Year ended December 31, 2016: Reserves on trade accounts receivable $ 12.0 $ 3.0 $ (4.1 ) $ (0.4 ) $ 10.5 Valuation allowances on deferred taxes 102.5 5.0 — (2.4 ) 105.1 Year ended December 31, 2015: Reserves on trade accounts receivable 12.2 3.3 (2.6 ) (0.9 ) 12.0 Valuation allowances on deferred taxes 110.0 3.3 — (10.8 ) 102.5 Year ended December 31, 2014: Reserves on trade accounts receivable 14.8 2.4 (4.2 ) (0.8 ) 12.2 Valuation allowances on deferred taxes 119.3 2.5 — (11.8 ) 110.0 (1) Deductions represent bad debts charged off, net of recoveries.

Nature of operations and basi33

Nature of operations and basis of presentation (Policies)	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	We report financial results on the basis of two segments organized by geographic region: the Americas and EMEA-APAC. In 2014, we recapitalized our equity (see Note 12 ). For all periods presented, the number of shares of common stock outstanding has been adjusted for a stock split. Separately, a conversion of prior equity into newly-issued shares of common stock is presented as a retirement and issuance of shares; share counts for periods prior to that conversion were not adjusted. The consolidated financial statements present the accretion of dividends on redeemable convertible preferred stock for periods prior to the recapitalization. Those dividends were never paid and became available to common stockholders following the recapitalization.
Principles of consolidation	The accompanying consolidated financial statements include the accounts of VWR Corporation and the redeemable equity of Varietal, each after the elimination of intercompany balances and transactions.
Use of estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue, expense, income and loss during the reporting period. Actual results could differ significantly from those estimates. Additional disclosures about significant estimates are provided in the following areas: (i) impairment testing, particularly determining whether indicators of impairment were present and whether assets were impaired (see Note 21 ); (ii) estimating the valuation allowance on deferred tax assets, such as net operating loss carryforwards (see Note 18 ); (iii) accounting for defined benefit plans, in particular determining key assumptions such as discount rates and the expected return on plan assets (see Note 15 ); (iv) estimating outcomes of loss contingencies (see Note 10 ); and (v) estimating fair value, particularly related to measurements based on unobservable inputs (see Note 9 ).

Summary of significant accoun34

Summary of significant accounting policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Cash and cash equivalents	Cash and cash equivalents are comprised of highly liquid investments with original maturities of three months or less, primarily consisting of euro-denominated overnight deposits. Bank overdrafts are classified as current liabilities and presented as a financing activity on our consolidated statements of cash flows.
Trade accounts receivable, net of reserves	Trade accounts receivable are recorded at the invoiced amount and generally do not bear interest. The carrying amount of trade accounts receivable is presented net of a reserve representing our estimate of the amounts that will not be collected and for estimated sales returns and allowances. In addition to reviewing delinquent accounts receivable, we consider many factors in estimating our reserve, including historical data, experience, customer types, creditworthiness and economic trends. From time to time, we may adjust our assumptions for anticipated changes in any of these or other factors expected to affect collectability. Account balances are written off against the allowance when we determine it is probable that the receivable will not be recovered.
Inventories	Our inventories consist primarily of products held for sale. Inventories are valued at the lower of cost or market, cost being primarily determined by the LIFO method for certain of our U.S. subsidiaries and the first-in, first-out method for all other subsidiaries. We regularly review quantities of inventories on hand and compare these amounts to the expected use of each product or product line. We record a charge to cost of goods sold for the amount required to reduce the carrying value of inventory to net realizable value.
Property and equipment	Property and equipment are recorded at cost. Depreciation is recognized using the straight-line method over estimated useful lives of 10 to 40 years for buildings and improvements and 3 to 10 years for equipment and computer software. Leasehold improvements are amortized on a straight-line basis over the shorter of the estimated useful lives of the assets or the estimated remaining life of the lease. Costs for repairs and maintenance that do not significantly increase the value or estimated lives of property and equipment are expensed as incurred. Property and equipment held under capital leases were not material for any periods presented.
Impairment of long-lived assets	We evaluate the recoverability of long-lived assets when events or changes in circumstances indicate a possible inability to recover carrying amounts. We assess recoverability by comparing the carrying value of the asset to estimated undiscounted future cash flows expected to be generated by the asset. If an asset is impaired, the loss is measured as the amount by which the asset’s carrying value exceeds its fair value.
Goodwill and other intangible assets	Goodwill represents the excess of purchase price over the fair value of net assets acquired in a business combination. Other intangible assets consist of both amortizable and indefinite-lived intangible assets. Amortizable intangible assets are amortized over their estimated useful lives on a straight-line basis. Indefinite-lived intangible assets are not amortized. We reevaluate the estimated useful lives of our amortizable intangible assets annually. For indefinite-lived intangible assets, we reevaluate annually whether they continue to have indefinite lives, considering whether they have any legal, regulatory, contractual, competitive or economic limitations and whether they are expected to contribute to the generation of cash flows indefinitely. Goodwill and other indefinite-lived intangible assets are tested annually for impairment on October 1 of each year. Goodwill impairment testing is performed at the reporting unit level. Our reporting units are the same as our operating segments and reportable segments. All of our intangible assets, including goodwill, are tested for impairment whenever an indication of potential impairment arises. Events or circumstances that might require an interim evaluation include unexpected adverse business conditions, economic factors, unanticipated technological changes or competitive activities, loss of key personnel and acts or anticipated acts by governments and courts. Indefinite-lived intangible assets are tested for impairment prior to testing of goodwill or amortizable intangible assets. The impairment analysis for goodwill and indefinite-lived intangible assets consists of an optional qualitative assessment potentially followed by a two-step quantitative analysis. If we determine that the carrying value of goodwill or indefinite-lived intangible assets exceeds its fair value, an impairment charge is recorded for the excess. Impairment charges cannot be reversed in subsequent periods. The impairment analysis for amortizable intangible assets is performed in the same way as for our other long-lived assets, as previously discussed.
Fair value measurements	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at a measurement date. Classification within the fair value hierarchy is based on the lowest of the following levels that is significant to the fair value measurement: • Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities • Level 2 — Inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the asset or liability • Level 3 — Inputs that are unobservable for the asset or liability based on our evaluation of the assumptions market participants would use in pricing the asset or liability We exercise considerable judgment when estimating fair value, particularly when evaluating what assumptions market participants would likely make. The use of different assumptions or estimation methodologies could have a material effect on the estimated fair values.
Commitments and contingencies	Loss contingencies are reflected in the consolidated financial statements based on our assessments of the expected outcome of legal proceedings or the expected resolution of other contingencies. Liabilities for estimated losses are accrued if the potential loss from any claim or legal proceeding is considered probable and the amount can be reasonably estimated. Significant judgment is required to determine probability and whether the amount of an exposure is reasonably estimable. Due to uncertainties related to these matters, accruals are based only on the information available at the time. As additional information becomes available, we reassess potential liabilities related to pending claims and litigation and may revise our previous estimates.
Revenue recognition	We record product revenue on a gross basis when persuasive evidence of an arrangement exists, the price is fixed or determinable, title and risk of loss have been transferred to the customer and collectability of the resulting receivable is reasonably assured. Title and risk of loss is transferred at the time of shipment or upon delivery to customers, depending upon the terms of the arrangement with the customer. Products are delivered without post-sale obligations to the customer. Provisions for discounts, rebates to customers, sales returns and other adjustments are provided for as a reduction of sales in the period the related sales are recorded. We record shipping and handling charges billed to customers in net sales and record shipping and handling costs in cost of goods sold for all periods presented. Sales taxes, value-added taxes and certain excise taxes collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. Services represent a growing but currently small portion of our net sales and were not material to our consolidated financial statements.
Classification of expenses - cost of goods sold	Cost of goods sold includes the cost of the product, vendor rebates, inbound and outbound freight charges, as well as inventory adjustments.
Classification of expenses - SG&A expenses	SG&A expenses include personnel and facility charges, advertising and promotional charges and other charges related to our global infrastructure operations.
Stock-based compensation	Stock-based compensation consists primarily of stock options awarded to employees and directors. We measure expense using the grant-date fair value of awards ultimately expected to vest. Awards with service conditions are expensed on a straight-line basis from the date of grant through the end of the requisite service period. We issue new shares of common stock upon the exercise of stock options. The grant-date fair value of stock options is measured using a closed-form option pricing model, using assumptions based on the terms of each stock option agreement, the expected behavior of grant recipients and peer company data. We have limited historical data about our own awards upon which to base our assumptions. Expected volatility is calculated based on the observed equity volatility for a peer group over a period of time equal to the expected life of the stock options. The risk-free interest rate is based on U.S. Treasury observed market rates continuously compounded over the duration of the expected life. The expected life of stock options is determined using the simplified method, which is calculated as the midpoint of the weighted average vesting period and the contractual term. We elect to recognize expense based on the number of awards ultimately expected to vest by use of an estimated forfeiture rate. The estimated forfeiture rate is based on historical data for the employee group awarded options and expected employee turnover rates, which management reevaluates each period.
Defined benefit plans	Some of our employees participate in defined benefit plans. The benefits include pension, salary continuance, life insurance and healthcare. Benefits are accrued over the employees’ service periods. We use actuarial methods and assumptions in the valuation of defined benefit obligations and the determination of net periodic pension income or expense. Differences between actual and expected results or changes in the value of defined benefit obligations and plan assets, if any, are not recognized in earnings as they occur but rather systematically over subsequent periods.
Foreign currency translation	Assets and liabilities of our foreign subsidiaries, where the functional currency is the local currency, are translated into U.S. dollars using period-end exchange rates. Revenues, expenses, income and losses are translated using average exchange rates. Resulting translation adjustments are reported in accumulated other comprehensive income or loss. Foreign currency remeasurement gains and losses related to financing activities are reported in other income (expense), net within our consolidated statements of operations, while gains and losses associated with operating activities are reported within the applicable component of operating income.
Income taxes	Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the expected net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and income tax purposes and for net operating loss and credit carryforwards. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. We record a valuation allowance to reduce deferred tax assets to the amount that is more likely than not to be realized. We recognize the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount that is more likely than not of being realized. Changes in recognition or measurement are reflected in the period in which a change in judgment occurs, as a result of information that arises or when a tax position is effectively settled. We recognize accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense in our consolidated financial statements.
Due to Varietal — ITRA	We record the estimated amount payable to Varietal under an ITRA, entered into in connection with our IPO, as a noncurrent liability, except for the portion estimated to be payable within one year. The ITRA liability was initially recognized through an adjustment to additional paid-in capital and measured at its expected future value, similar to the underlying deferred tax assets to which it relates. Subsequent changes to the value of the ITRA liability, if any, will be classified as other income (expense), net in the consolidated statements of operations. Cash payments under the ITRA are classified as a financing activity on the consolidated statements of cash flows.

Earnings per share (Tables)

Earnings per share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of earnings per share	The following table presents information about basic and diluted earnings per share: Year ended December 31, (in millions) 2016 2015 2014 Reconciliation of weighted average shares outstanding: Basic 131.5 131.4 49.3 Dilutive effect of stock-based instruments 0.3 0.4 0.2 Diluted 131.8 131.8 49.5 Number of anti-dilutive instruments excluded from dilutive effect 4.0 2.0 0.9

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Schedule of business acquisitions	The following table presents selected information about these acquisitions in the aggregate: Year ended December 31, (dollars in millions) 2016 2015 2014 Number of businesses acquired 5 4 4 Components of purchase price: Cash paid, net of cash acquired $ 142.8 $ 59.1 $ 89.9 Estimated fair value of contingent consideration 13.8 13.6 8.4 Deferred purchase price, net of (settlements) 3.2 (3.4 ) 3.4 Other — — 13.0 Purchase price $ 159.8 $ 69.3 $ 114.7 Allocation of purchase price: Net tangible assets $ 31.9 $ 9.5 $ 15.5 Identifiable intangible assets 50.1 23.2 44.1 Goodwill 77.8 36.6 55.1 Purchase price $ 159.8 $ 69.3 $ 114.7 Weighted average life of acquired amortizable intangible assets 9.9 years 9.7 years 12.2 years

Property and equipment, net (Ta

Property and equipment, net (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Schedule of components of property and equipment	The following table presents the components of property and equipment, net: December 31, (in millions) 2016 2015 Buildings and improvements $ 199.1 $ 161.4 Equipment and computer software 264.5 244.2 Other 39.1 38.8 Property and equipment, gross 502.7 444.4 Accumulated depreciation (248.9 ) (216.2 ) Property and equipment, net $ 253.8 $ 228.2

Goodwill and other intangible38

Goodwill and other intangible assets, net (Tables)	12 Months Ended
	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The following tables present information about goodwill by segment: (in millions) Americas EMEA-APAC Total Balance at December 31, 2014 $ 1,042.3 $ 811.3 $ 1,853.6 Acquisitions (Note 5) 19.7 16.9 36.6 Currency translation (15.7 ) (82.9 ) (98.6 ) Other — (0.2 ) (0.2 ) Balance at December 31, 2015 1,046.3 745.1 1,791.4 Acquisitions (Note 5) 65.1 12.7 77.8 Currency translation 2.7 (26.0 ) (23.3 ) Other — (1.9 ) (1.9 ) Balance at December 31, 2016 $ 1,114.1 $ 729.9 $ 1,844.0 December 31, 2016 December 31, 2015 (in millions) Gross carrying amount Accumulated impairment losses Net carrying amount Gross carrying amount Accumulated impairment losses Net carrying amount Americas $ 1,320.7 $ 206.6 $ 1,114.1 $ 1,252.9 $ 206.6 $ 1,046.3 EMEA-APAC 729.9 — 729.9 745.1 — 745.1 Total $ 2,050.6 $ 206.6 $ 1,844.0 $ 1,998.0 $ 206.6 $ 1,791.4
Schedule of components of other intangible assets, amortizable	The following table presents the components of other intangible assets: December 31, 2016 December 31, 2015 (in millions) Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer relationships $ 1,413.0 $ 651.3 $ 761.7 $ 1,402.2 $ 581.4 $ 820.8 Other 49.7 20.1 29.6 30.3 15.2 15.1 Amortizable intangible assets 1,462.7 671.4 791.3 1,432.5 596.6 835.9 Indefinite-lived trademarks and tradenames 616.5 — 616.5 619.7 — 619.7 Other intangible assets $ 2,079.2 $ 671.4 $ 1,407.8 $ 2,052.2 $ 596.6 $ 1,455.6
Schedule of components of other intangible assets, indefinite-lived	The following table presents the components of other intangible assets: December 31, 2016 December 31, 2015 (in millions) Gross carrying amount Accumulated amortization Net carrying amount Gross carrying amount Accumulated amortization Net carrying amount Customer relationships $ 1,413.0 $ 651.3 $ 761.7 $ 1,402.2 $ 581.4 $ 820.8 Other 49.7 20.1 29.6 30.3 15.2 15.1 Amortizable intangible assets 1,462.7 671.4 791.3 1,432.5 596.6 835.9 Indefinite-lived trademarks and tradenames 616.5 — 616.5 619.7 — 619.7 Other intangible assets $ 2,079.2 $ 671.4 $ 1,407.8 $ 2,052.2 $ 596.6 $ 1,455.6
Schedule of estimated future amortization expense	The following table presents estimated future amortization expense at December 31, 2016 : (in millions) 2017 $ 85.3 2018 83.2 2019 81.6 2020 80.3 2021 76.3 Thereafter 384.6 Total $ 791.3

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2016
Debt Disclosure [Abstract]
Schedule of information about debt	The following table presents information about debt: December 31, 2016 December 31, 2015 (dollars in millions) Interest terms Rate Amount Accounts receivable securitization facility LIBOR plus 1.15% 1.89 % $ 163.9 $ 38.0 Senior credit facility: Multi-currency revolving loan facility EURIBOR plus 2.00% 2.00 % 31.6 — Term A loan, net of discount of $4.8 and $6.1 LIBOR plus 2.00% 2.61 % 859.7 903.9 Term B loan, net of discount of $4.4 and $4.7 EURIBOR plus 3.00% 3.00 % 423.8 494.8 4.625% senior notes, net of discount of $7.0 and $8.4 Fixed rate 4.63 % 524.9 538.6 Other debt 13.1 13.7 Total debt $ 2,017.0 $ 1,989.0 Classification on consolidated balance sheets: Current portion of debt $ 250.1 $ 92.8 Debt, net of current portion 1,766.9 1,896.2 Total debt $ 2,017.0 $ 1,989.0
Schedule of availability under credit facilities	The following table presents availability under credit facilities at December 31, 2016 : (in millions) Accounts receivable securitization facility Multi-currency revolving loan facility Total Maximum availability $ 175.0 $ 250.0 $ 425.0 Current availability $ 175.0 $ 250.0 $ 425.0 Undrawn letters of credit outstanding (11.0 ) (1.7 ) (12.7 ) Outstanding borrowings (163.9 ) (31.6 ) (195.5 ) Unused availability $ 0.1 $ 216.7 $ 216.8
Schedule of maturities of debt principal	The following table presents the maturities of debt principal at December 31, 2016 : (in millions) 2017 2018 2019 2020 2021 Thereafter Total Accounts receivable securitization facility $ — $ 163.9 $ — $ — $ — $ — $ 163.9 Senior credit facility: Multi-currency revolving loan facility — — — 31.6 — — 31.6 Term A loan 45.5 68.3 91.0 659.7 — — 864.5 Term B loan 4.3 4.3 4.3 4.3 4.3 406.7 428.2 4.625% senior notes — — — — — 531.9 531.9 Other debt 4.7 4.3 2.6 1.5 — — 13.1 Total debt, excluding discounts $ 54.5 $ 240.8 $ 97.9 $ 697.1 $ 4.3 $ 938.6 $ 2,033.2

Financial instruments and fai40

Financial instruments and fair value measurements (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of carrying amounts and fair values of debt instruments	The following table presents the carrying amounts and fair values of debt instruments: December 31, 2016 December 31, 2015 (in millions) Carrying amount Fair value Carrying amount Fair value Accounts receivable securitization facility $ 163.9 $ 163.9 $ 38.0 $ 38.0 Senior credit facility: Multi-currency revolving loan facility 31.6 31.6 — — Term A loan 859.7 856.4 903.9 901.5 Term B loan 423.8 431.9 494.8 500.5 4.625% senior notes 524.9 553.9 538.6 536.5 Other debt 13.1 13.1 13.7 13.7
Schedule of changes in recurring fair value measurements	The following table presents changes to contingent consideration liabilities: Year ended December 31, (in millions) 2016 2015 Beginning balance $ 21.0 $ 11.6 Acquisitions (Note 5) 13.8 13.6 Loss (income) from changes to estimated fair value 4.9 (1.1 ) Cash payments (4.2 ) (2.4 ) Currency translation (0.8 ) (0.7 ) Ending balance $ 34.7 $ 21.0
Schedule of balance sheet classification and fair values of instruments in hedging relationships	The following table presents the balance sheet classification and fair values of these instruments, all of which are Level 2 measurements: December 31, (in millions) Balance sheet classification 2016 2015 Cash flow hedging: Interest rate swaps Other assets $ 11.2 $ — Net investment hedging: Portion of term B loan Debt, net of current portion 379.2 402.6 4.625% senior notes Debt, net of current portion 553.9 536.5
Schedule of effects on AOCI resulting from instruments in hedging relationships	The following table presents the net unrealized gain (loss) deferred to AOCI for these instruments: Year ended December 31, (in millions) 2016 2015 Cash flow hedging: Interest rate swaps $ 9.8 $ — Net investment hedging: Portion of net investment in foreign operations (28.6 ) (3.7 ) Portion of term B loan 13.5 12.4 4.625% senior notes 15.1 (8.7 ) All of these hedges were fully effective for the periods presented. The following table presents the net loss reclassified from AOCI into earnings for these instruments: (in millions) Income statement classification Year ended December 31, 2016 2015 Interest rate swaps Interest expense $ (1.4 ) $ —

Stock-based compensation (Table

Stock-based compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of components of stock-based compensation expense	The following table presents the components of stock-based compensation expense, a component of SG&A expenses: Year ended December 31, (in millions) 2016 2015 2014 2014 Plan $ 8.3 $ 4.4 $ 1.1 Other immaterial plans 0.3 0.5 0.9 Total $ 8.6 $ 4.9 $ 2.0
Schedule of information about stock options	The following table presents information about stock options under the 2014 Plan: Year ended December 31, 2016 (in millions, except per option amounts and years) Number of stock options Weighted average exercise price per option Aggregate intrinsic value Weighted average remaining term Outstanding at beginning of period 3.2 $ 21.03 Granted 2.8 24.68 Exercised (0.1 ) 21.00 Forfeited (0.1 ) 21.39 Outstanding at end of period 5.8 22.80 $ 13.3 5.4 years Expected to vest 4.5 23.26 8.3 5.6 years Exercisable 1.2 21.02 4.8 4.8 years
Schedule of information about the fair value of stock options granted	The following table presents information about their fair value: Year ended December 31, 2016 2014 Weighted average grant date fair value $ 6.69 $ 6.67 Expected stock price volatility 30 % 33 % Risk free interest rate 1.16 % 1.76 % Expected dividend rate nil nil Expected life of options 4.6 years 4.9 years

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Dec. 31, 2016
Restructuring and Related Activities [Abstract]
Schedule of information about restructuring charges	The following table presents information about restructuring charges under the 2016 program, which are included in SG&A expenses: (in millions) Year ended December 31, 2016 December 31, 2016 Cumulative charges incurred Expected remaining charges Total expected charges Employee severance $ 12.9 $ 12.9 $ 5.4 $ 18.3 Facility closure 0.4 0.4 3.9 4.3 Other 7.0 7.0 5.4 12.4 Total $ 20.3 $ 20.3 $ 14.7 $ 35.0 Americas $ 1.8 $ 1.8 $ 1.7 $ 3.5 EMEA-APAC 18.5 18.5 13.0 31.5 Total $ 20.3 $ 20.3 $ 14.7 $ 35.0
Schedule of changes to accrued restructuring charges	The following table presents changes to accrued restructuring charges: (in millions) Employee severance Facility closure Total Balance at December 31, 2015 $ — $ — $ — Restructuring charges 12.9 0.4 13.3 Cash payments (2.2 ) — (2.2 ) Balance at December 31, 2016 $ 10.7 $ 0.4 $ 11.1

Benefit plans (Tables)

Benefit plans (Tables)	12 Months Ended
	Dec. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of information about defined benefit plans	The following table presents information about our defined benefit plans: U.S. Retirement Plan German, French and UK Plans Year ended December 31, Year ended December 31, (in millions) 2016 2015 2016 2015 Change in projected benefit obligation: Beginning balance $ 180.1 $ 189.1 $ 164.0 $ 180.3 Service cost 3.9 0.7 1.4 1.7 Interest cost 6.8 7.7 4.4 5.1 Actuarial loss (gain) 4.3 (9.7 ) 34.8 (6.4 ) Benefits paid (7.7 ) (7.7 ) (5.1 ) (3.2 ) Currency translation — — (20.2 ) (13.5 ) Other — — 0.7 — Ending balance 187.4 180.1 180.0 164.0 Change in fair value of plan assets: Beginning balance 222.8 241.2 84.7 83.0 Actual gain (loss) on plan assets 23.1 (10.7 ) 21.7 2.3 Company contributions — — 10.1 7.3 Benefits paid (7.7 ) (7.7 ) (5.1 ) (3.2 ) Currency translation — — (16.2 ) (4.7 ) Ending balance 238.2 222.8 95.2 84.7 Funded status at end of year $ 50.8 $ 42.7 $ (84.8 ) $ (79.3 ) Accumulated benefit obligation at end of year $ 187.4 $ 180.1 $ 172.2 $ 156.5 Amounts recognized in consolidated balance sheets at end of year: Other assets 50.8 42.7 0.6 0.8 Other liabilities — — 85.4 80.1 Accumulated other comprehensive income (loss) 13.6 7.9 (66.1 ) (53.1 )
Schedule of components of net periodic pension income or cost	The following table presents the components of net periodic pension (income) cost: U.S. Retirement Plan German, French and UK Plans Year ended December 31, Year ended December 31, (in millions) 2016 2015 2014 2016 2015 2014 Service cost $ 3.9 $ 0.7 $ 0.7 $ 1.4 $ 1.7 $ 1.5 Interest cost 6.8 7.7 8.4 4.4 5.1 6.6 Expected return on plan assets (13.1 ) (14.2 ) (14.4 ) (4.6 ) (4.8 ) (5.7 ) Recognized net actuarial (gain) loss — — (0.4 ) 3.3 3.7 2.1 Gain on partial plan settlement — — (6.9 ) — — — Other — — — 0.7 — — Total $ (2.4 ) $ (5.8 ) $ (12.6 ) $ 5.2 $ 5.7 $ 4.5
Schedule of assumptions used	The following table presents the assumptions used to determine the projected benefit obligation and net periodic pension income: U.S. Retirement Plan German, French and UK Plans Year ended December 31, Year ended December 31, 2016 2015 2014 2016 2015 2014 Projected benefit obligation at end of year: Discount rate 4.23 % 4.58 % 4.13 % 2.36 % 3.22 % 2.99 % Annual rate of compensation increase 3.00 % * * 3.00 % 3.00 % 3.00 % Net periodic pension cost or income: Discount rate 4.58 % 4.13 % ** 3.22 % 2.99 % 4.19 % Expected rate of return on plan assets 6.00 % 6.00 % 6.00 % 6.01 % 5.93 % 6.92 % Annual rate of compensation increase 3.00 % * * 3.00 % 3.00 % 3.00 % * Not applicable ** We used discount rates of 4.90% and 4.34% to measure the net periodic pension income of the U.S. Retirement Plan before and after a partial plan settlement that occurred on June 1, 2014, respectively.
Schedule of future benefits expected to be paid	The following table presents future benefits expected to be paid at December 31, 2016 : (in millions) U.S. Retirement Plan German, French and UK Plans 2017 $ 13.9 $ 3.1 2018 13.7 3.0 2019 12.8 3.8 2020 13.0 3.7 2021 13.1 4.5 2022 – 2026 63.3 28.2
Schedule of information about plan assets	The following table presents information about plan assets by type of fair value measurement: December 31, 2016 December 31, 2015 (in millions) Total Level 1 Level 2 Level 3 Total Level 1 Level 2 U.S. Retirement Plan: Cash and cash equivalents $ 2.0 $ 2.0 $ — $ — $ 1.4 $ 1.4 $ — Fixed income funds 181.0 — 181.0 — 171.4 — 171.4 Equity funds 55.2 14.8 36.4 4.0 50.0 18.2 31.8 Total $ 238.2 $ 16.8 $ 217.4 $ 4.0 $ 222.8 $ 19.6 $ 203.2 German, French and UK Plans: Cash and cash equivalents $ 1.1 $ 1.1 $ — $ — $ 1.0 $ 1.0 $ — Fixed income funds 32.4 — 32.4 — 68.2 — 68.2 Equity funds 61.7 — 61.7 — 15.5 — 15.5 Total $ 95.2 $ 1.1 $ 94.1 $ — $ 84.7 $ 1.0 $ 83.7

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
Schedule of future minimum lease payments, operating leases	The following table presents future minimum lease payments under operating leases at December 31, 2016 : (in millions) 2017 $ 33.4 2018 28.4 2019 21.7 2020 15.1 2021 12.9 Thereafter 32.8 Total minimum payments $ 144.3

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of components of income before income taxes	The following table presents information related to the consolidated income statements: Year ended December 31, (in millions) 2016 2015 2014 Income before income taxes: United States $ 146.3 $ 123.3 $ 121.4 Foreign 88.0 106.8 116.0 Total $ 234.3 $ 230.1 $ 237.4 Income tax provision: Current income tax provision: Federal $ 37.9 $ 5.1 $ 3.8 State 9.1 0.8 0.6 Foreign 35.7 42.6 46.5 Total 82.7 48.5 50.9 Deferred income tax provision (benefit): Federal 11.2 38.3 40.1 State (1.1 ) 0.9 4.3 Foreign (6.7 ) (11.9 ) (10.5 ) Total 3.4 27.3 33.9 Total income tax provision $ 86.1 $ 75.8 $ 84.8
Schedule of components of income tax provision	The following table presents information related to the consolidated income statements: Year ended December 31, (in millions) 2016 2015 2014 Income before income taxes: United States $ 146.3 $ 123.3 $ 121.4 Foreign 88.0 106.8 116.0 Total $ 234.3 $ 230.1 $ 237.4 Income tax provision: Current income tax provision: Federal $ 37.9 $ 5.1 $ 3.8 State 9.1 0.8 0.6 Foreign 35.7 42.6 46.5 Total 82.7 48.5 50.9 Deferred income tax provision (benefit): Federal 11.2 38.3 40.1 State (1.1 ) 0.9 4.3 Foreign (6.7 ) (11.9 ) (10.5 ) Total 3.4 27.3 33.9 Total income tax provision $ 86.1 $ 75.8 $ 84.8
Schedule of reconciliation of the income tax provision calculated at the statutory federal income tax rate to the amounts presented in the income statements	The following table presents the reconciliation of the income tax provision calculated at the United States statutory federal income tax rate of 35% to the amounts presented in the consolidated income statements: Year ended December 31, (in millions) 2016 2015 2014 Income tax provision at United States federal statutory rate $ 82.0 $ 80.5 $ 83.1 State income taxes, net of federal benefit 5.2 1.4 3.3 Change in foreign tax rates — (4.5 ) — Foreign rate differential (7.4 ) (11.0 ) (10.4 ) Changes to valuation allowance not included above 5.4 5.1 5.6 Other, net 0.9 4.3 3.2 Income tax provision $ 86.1 $ 75.8 $ 84.8
Schedule of deferred tax assets and liabilities	The following table presents information about deferred tax assets and liabilities: December 31, (in millions) 2016 2015 Deferred tax assets: Net operating loss carryforwards $ 104.1 $ 136.2 Other 40.7 40.3 Deferred tax assets, gross 144.8 176.5 Valuation allowances (105.1 ) (102.5 ) Deferred tax assets, net 39.7 74.0 Deferred tax liabilities: Intangible assets (442.0 ) (467.2 ) Goodwill (39.7 ) (38.2 ) Other (21.4 ) (16.2 ) Total deferred tax liabilities (503.1 ) (521.6 ) Net deferred tax liability $ (463.4 ) $ (447.6 ) Classification on consolidated balance sheets: Other assets $ 13.8 $ 11.9 Deferred income tax liabilities (477.2 ) (459.5 ) Net deferred tax liability $ (463.4 ) $ (447.6 )
Schedule of changes to the reserve for uncertain tax positions	The following table reflects changes to the reserve for uncertain tax positions: Year ended December 31, (in millions) 2016 2015 2014 Beginning balance $ 62.2 $ 61.7 $ 57.9 Additions: Tax positions related to the current year 1.7 1.7 5.1 Tax positions related to prior years 0.1 0.3 0.3 Reductions: Tax positions related to prior years — (0.2 ) (0.1 ) Settlements with taxing authorities (1.2 ) (0.1 ) (0.3 ) Lapse of statutes of limitations (0.6 ) (0.6 ) (0.4 ) Currency translation (0.4 ) (0.6 ) (0.8 ) Ending balance $ 61.8 $ 62.2 $ 61.7

Comprehensive income or loss (T

Comprehensive income or loss (Tables)	12 Months Ended
	Dec. 31, 2016
Equity [Abstract]
Schedule of changes in components of AOCI	The following table presents changes in the components of AOCI, net of tax: (in millions) Foreign currency translation Derivative instruments Defined benefit plans Total Balance at December 31, 2013 $ 13.3 $ (2.1 ) $ (8.7 ) $ 2.5 Net unrealized (loss) gain arising during the period (204.2 ) 0.7 (27.0 ) (230.5 ) Reclassification of net loss (gain) into earnings — 1.1 (3.0 ) (1.9 ) Balance at December 31, 2014 (190.9 ) (0.3 ) (38.7 ) (229.9 ) Net unrealized (loss) gain arising during the period (174.4 ) 3.0 (7.0 ) (178.4 ) Reclassification of net (gain) loss into earnings — (0.7 ) 2.7 2.0 Balance at December 31, 2015 (365.3 ) 2.0 (43.0 ) (406.3 ) Net unrealized (loss) gain arising during the period (22.4 ) 9.1 (9.4 ) (22.7 ) Reclassification of net loss (gain) into earnings 1.2 (2.3 ) 2.7 1.6 Balance at December 31, 2016 $ (386.5 ) $ 8.8 $ (49.7 ) $ (427.4 )
Schedule of reclassifications from AOCI into earnings	The following table presents the reclassifications of net (gain) loss from AOCI into earnings: Year ended December 31, (in millions) 2016 2015 2014 Foreign currency translation: Selling, general and administrative expenses $ 1.7 $ — $ — Income tax provision (0.5 ) — — Net income $ 1.2 $ — $ — Derivative instruments: Cost of goods sold $ (4.2 ) $ (2.3 ) $ 0.6 Interest expense 1.4 0.3 0.6 Loss on extinguishment of debt — 0.7 0.5 Income tax provision 0.5 0.6 (0.6 ) Net income $ (2.3 ) $ (0.7 ) $ 1.1 Defined benefit plans: Selling, general and administrative expenses $ 3.9 $ 3.9 $ (5.3 ) Income tax provision (1.2 ) (1.2 ) 2.3 Net income $ 2.7 $ 2.7 $ (3.0 )
Schedule of income tax effects of comprehensive income or loss components	The following table presents the income tax effects of comprehensive income or loss components: Year ended December 31, (in millions) 2016 2015 2014 Foreign currency translation: Net unrealized income tax provision arising during the period $ (11.1 ) $ (1.5 ) $ — Reclassification of net income tax benefit into earnings (0.5 ) — — Derivative instruments: Net unrealized income tax provision arising during the period (4.8 ) (1.8 ) (0.2 ) Reclassification of net income tax provision (benefit) into earnings 0.5 0.6 (0.6 ) Defined benefit plans: Net unrealized income tax benefit arising during the period 2.2 4.8 10.1 Reclassification of net income tax (benefit) provision into earnings (1.2 ) (1.2 ) 2.3

Segment financial information (

Segment financial information (Tables)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule of segment financial information	The following tables present segment financial information: Year ended December 31, (in millions) 2016 2015 2014 Net sales: Americas $ 2,737.7 $ 2,577.3 $ 2,430.1 EMEA-APAC 1,776.5 1,741.5 1,945.2 Total $ 4,514.2 $ 4,318.8 $ 4,375.3 Operating income: Americas $ 174.9 $ 162.5 $ 141.0 EMEA-APAC 140.7 157.7 176.9 Total $ 315.6 $ 320.2 $ 317.9 Capital expenditures: Americas $ 47.8 $ 30.5 $ 22.2 EMEA-APAC 12.1 10.4 11.4 Total $ 59.9 $ 40.9 $ 33.6 Depreciation and amortization: Americas $ 87.3 $ 82.1 $ 77.8 EMEA-APAC 42.8 42.4 51.5 Total $ 130.1 $ 124.5 $ 129.3 December 31, (in millions) 2016 2015 Total assets: Americas $ 3,067.1 $ 2,867.6 EMEA-APAC 1,895.4 1,926.2 Total $ 4,962.5 $ 4,793.8
Schedule of net sales and property and equipment by geographic area	The following tables present net sales and property and equipment by geographic area: Year ended December 31, (in millions) 2016 2015 2014 Net sales: United States $ 2,517.7 $ 2,355.9 $ 2,188.2 Canada 185.2 188.9 205.6 Central and South America 34.8 32.5 36.3 Europe 1,704.8 1,676.6 1,870.3 Asia-Pacific 71.7 64.9 74.9 Total $ 4,514.2 $ 4,318.8 $ 4,375.3 December 31, (in millions) 2016 2015 Property and equipment: United States $ 166.1 $ 139.9 Canada 5.9 4.2 Central and South America 4.4 2.6 Europe 72.0 74.9 Asia-Pacific 5.4 6.6 Total $ 253.8 $ 228.2

Unaudited quarterly financial48

Unaudited quarterly financial information (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of unaudited quarterly financial information	Year ended December 31, 2016 (in millions, except per share data) First Second Third Fourth Net sales $ 1,098.3 $ 1,149.5 $ 1,136.1 $ 1,130.3 Gross profit 310.6 323.4 313.5 314.3 Net income 38.8 41.8 40.6 27.0 Earnings per share: Basic 0.30 0.32 0.31 0.21 Diluted 0.29 0.32 0.31 0.20 Year ended December 31, 2015 (in millions, except per share data) First Second Third Fourth Net sales $ 1,029.6 $ 1,081.2 $ 1,095.5 $ 1,112.5 Gross profit 291.2 298.5 299.5 307.9 Net income 71.5 18.3 11.0 53.5 Earnings per share: Basic 0.54 0.14 0.08 0.41 Diluted 0.54 0.14 0.08 0.41

Condensed parent company only49

Condensed parent company only financial statements (Tables)	12 Months Ended
	Dec. 31, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed parent company only balance sheets	December 31, (in millions, except per share data) 2016 2015 Assets Cash and cash equivalents $ 4.7 $ — Investment in unconsolidated subsidiaries 1,595.9 1,538.3 Total assets $ 1,600.6 $ 1,538.3 Liabilities, Redeemable Equity and Stockholders’ Equity Current liabilities: Current amount due to Varietal — ITRA $ 27.7 78.1 Total current liabilities 27.7 78.1 Amount due to Varietal — ITRA, net of current portion 57.3 85.0 Total liabilities 85.0 163.1 Redeemable equity, at redemption value 21.2 38.8 Stockholders’ equity: Preferred stock, $0.01 par value; 50.0 shares authorized, no shares issued or outstanding — — Common stock, $0.01 par value; 750.0 shares authorized, 131.6 and 131.4 shares issued and outstanding 1.3 1.3 Additional paid-in capital 1,766.0 1,735.1 Retained earnings 154.5 6.3 Accumulated other comprehensive loss (427.4 ) (406.3 ) Total stockholders’ equity 1,494.4 1,336.4 Total liabilities, redeemable equity and stockholders’ equity $ 1,600.6 $ 1,538.3
Condensed parent company only income statements	Year ended December 31, (in millions) 2016 2015 2014 Equity in earnings of unconsolidated subsidiaries, net of tax $ 148.2 $ 154.3 $ 152.6 Net income 148.2 154.3 152.6 Accretion of dividends on redeemable equity — — (29.4 ) Net income applicable to common stockholders $ 148.2 $ 154.3 $ 123.2
Condensed parent company only statements of cash flows	Year ended December 31, (in millions) 2016 2015 2014 Cash flows from financing activities: Proceeds from issuance of common stock $ 4.7 $ 1.3 $ 582.6 Payment of stock issuance costs — — (4.8 ) Capital contributed to unconsolidated subsidiaries — (1.3 ) (577.8 ) Receipt of dividends from unconsolidated subsidiaries 78.1 9.8 33.9 Payment of dividend — — (25.0 ) Redemption of redeemable equity — — (8.9 ) Payment to Varietal under ITRA (78.1 ) (9.8 ) — Net cash from financing activities 4.7 — — Cash and cash equivalents at beginning of period — — — Cash and cash equivalents at end of period $ 4.7 $ — $ —

Nature of operations and basi50

Nature of operations and basis of presentation (Details)	12 Months Ended
	Dec. 31, 2016Segment
Number of reportable segments	2
Varietal
Ownership percentage	35.00%
Public investors
Ownership percentage	65.00%

Summary of significant accoun51

Summary of significant accounting policies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
LIFO related items:
Percentage of inventories valued using LIFO method	36.00%	36.00%
Excess of current cost over LIFO value	$ 24.8	$ 24.6
Buildings and improvements | Minimum
Property and equipment related items:
Estimated useful life of assets	10 years
Buildings and improvements | Maximum
Property and equipment related items:
Estimated useful life of assets	40 years
Equipment and computer software | Minimum
Property and equipment related items:
Estimated useful life of assets	3 years
Equipment and computer software | Maximum
Property and equipment related items:
Estimated useful life of assets	10 years

Earnings per share (Details)

Earnings per share (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of weighted average shares outstanding:
Basic	131.5	131.4	49.3
Dilutive effect of stock-based instruments	0.3	0.4	0.2
Diluted	131.8	131.8	49.5
Number of anti-dilutive instruments excluded from dilutive effect	4	2	0.9

Acquisitions (Details)

Acquisitions (Details) $ in Millions	12 Months Ended			114 Months Ended
	Dec. 31, 2016USD ($)Business	Dec. 31, 2015USD ($)Business	Dec. 31, 2014USD ($)Business	Dec. 31, 2016USD ($)Business
Selected information about business acquisitions:
Number of businesses acquired | Business				46
Components of purchase price:
Cash paid, net of cash acquired	$ 142.8	$ 59.1	$ 89.9
Allocation of purchase price:
Goodwill	$ 1,844	$ 1,791.4	$ 1,853.6	$ 1,844
Series of individually immaterial acquisitions
Selected information about business acquisitions:
Number of businesses acquired | Business	5	4	4
Components of purchase price:
Cash paid, net of cash acquired	$ 142.8	$ 59.1	$ 89.9
Estimated fair value of contingent consideration	13.8	13.6	8.4
Deferred purchase price, net of (settlements)	3.2	(3.4)	3.4
Other	0	0	13
Purchase price	159.8	69.3	114.7
Allocation of purchase price:
Net tangible assets	31.9	9.5	15.5	31.9
Identifiable intangible assets	50.1	23.2	44.1	50.1
Goodwill	77.8	36.6	55.1	77.8
Purchase price	$ 159.8	$ 69.3	$ 114.7	159.8
Weighted average life of acquired amortizable intangible assets	9 years 10 months 24 days	9 years 8 months 12 days	12 years 2 months 12 days
Goodwill expected to be tax deductible	$ 65.1	$ 19.6	$ 29	$ 65.1

Property and equipment, net (De

Property and equipment, net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Information about property and equipment:
Property and equipment, gross	$ 502.7	$ 444.4
Accumulated depreciation	(248.9)	(216.2)
Property and equipment, net	253.8	228.2
Depreciation expense	44.7	41.1	$ 40.4
Buildings and improvements
Information about property and equipment:
Property and equipment, gross	199.1	161.4
Equipment and computer software
Information about property and equipment:
Property and equipment, gross	264.5	244.2
Other
Information about property and equipment:
Property and equipment, gross	$ 39.1	$ 38.8

Goodwill and other intangible55

Goodwill and other intangible assets, net - Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Changes in goodwill
Beginning balance	$ 1,791.4	$ 1,853.6
Acquisitions (Note 5)	77.8	36.6
Currency translation	(23.3)	(98.6)
Other	(1.9)	(0.2)
Ending balance	1,844	1,791.4
Components of goodwill
Gross carrying amount			$ 2,050.6	$ 1,998
Accumulated impairment losses			206.6	206.6
Net carrying amount	1,791.4	1,853.6	1,844	1,791.4
Americas
Changes in goodwill
Beginning balance	1,046.3	1,042.3
Acquisitions (Note 5)	65.1	19.7
Currency translation	2.7	(15.7)
Other	0	0
Ending balance	1,114.1	1,046.3
Components of goodwill
Gross carrying amount			1,320.7	1,252.9
Accumulated impairment losses			206.6	206.6
Net carrying amount	1,046.3	1,042.3	1,114.1	1,046.3
EMEA-APAC
Changes in goodwill
Beginning balance	745.1	811.3
Acquisitions (Note 5)	12.7	16.9
Currency translation	(26)	(82.9)
Other	(1.9)	(0.2)
Ending balance	729.9	745.1
Components of goodwill
Gross carrying amount			729.9	745.1
Accumulated impairment losses			0	0
Net carrying amount	$ 745.1	$ 811.3	$ 729.9	$ 745.1

Goodwill and other intangible56

Goodwill and other intangible assets, net - Amortizable intangible assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Amortizable intangible assets:
Gross carrying amount	$ 1,462.7	$ 1,432.5
Accumulated amortization	671.4	596.6
Net carrying amount	791.3	835.9
Amortization expense	85.4	83.4	$ 88.9
Customer relationships
Amortizable intangible assets:
Gross carrying amount	1,413	1,402.2
Accumulated amortization	651.3	581.4
Net carrying amount	761.7	820.8
Other
Amortizable intangible assets:
Gross carrying amount	49.7	30.3
Accumulated amortization	20.1	15.2
Net carrying amount	$ 29.6	$ 15.1

Goodwill and other intangible57

Goodwill and other intangible assets, net - Other intangible assets (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Gross carrying amount
Amortizable intangible assets	$ 1,462.7	$ 1,432.5
Indefinite-lived trademarks and tradenames	616.5	619.7
Other intangible assets	2,079.2	2,052.2
Net carrying amount
Amortizable intangible assets	791.3	835.9
Indefinite-lived trademarks and tradenames	616.5	619.7
Other intangible assets	$ 1,407.8	$ 1,455.6

Goodwill and other intangible58

Goodwill and other intangible assets, net - Estimated future amortization expense (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Estimated future amortization expense:
2,017	$ 85.3
2,018	83.2
2,019	81.6
2,020	80.3
2,021	76.3
Thereafter	384.6
Net carrying amount	$ 791.3	$ 835.9

Debt - Components (Details)

Debt - Components (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Debt and capital lease obligations
Current portion of debt	$ 250.1	$ 92.8
Debt, net of current portion	1,766.9	1,896.2
Debt	$ 2,017	1,989
Accounts receivable securitization facility
Debt and capital lease obligations
Interest terms	LIBOR plus 1.15%
Interest rate, variable margin	1.15%
Interest rate	1.89%
Debt	$ 163.9	38
Senior credit facility | Multi-currency revolving loan facility
Debt and capital lease obligations
Interest terms	EURIBOR plus 2.00%
Interest rate, variable margin	2.00%
Interest rate	2.00%
Debt	$ 31.6	0
Senior credit facility | Term A loan
Debt and capital lease obligations
Discount	$ 4.8	6.1
Interest terms	LIBOR plus 2.00%
Interest rate, variable margin	2.00%
Interest rate	2.61%
Debt	$ 859.7	903.9
Senior credit facility | Term B loan
Debt and capital lease obligations
Discount	$ 4.4	4.7
Interest terms	EURIBOR plus 3.00%
Interest rate, variable margin	3.00%
Interest rate	3.00%
Debt	$ 423.8	494.8
Senior notes | 4.625%
Debt and capital lease obligations
Discount	$ 7	8.4
Interest terms	Fixed rate
Interest rate, variable basis, minimum	4.625%
Interest rate	4.63%
Debt	$ 524.9	538.6
Other debt
Debt and capital lease obligations
Debt	$ 13.1	$ 13.7

Debt - Availability under credi

Debt - Availability under credit facilities (Details) $ in Millions	Dec. 31, 2016USD ($)
Debt and capital lease obligations
Maximum availability	$ 425
Current availability	425
Undrawn letters of credit outstanding	(12.7)
Outstanding borrowings	(195.5)
Unused availability	216.8
Accounts receivable securitization facility
Debt and capital lease obligations
Maximum availability	175
Current availability	175
Undrawn letters of credit outstanding	(11)
Outstanding borrowings	(163.9)
Unused availability	0.1
Amount pledged as collateral	243.2
Senior credit facility | Multi-currency revolving loan facility
Debt and capital lease obligations
Maximum availability	250
Current availability	250
Undrawn letters of credit outstanding	(1.7)
Outstanding borrowings	(31.6)
Unused availability	$ 216.7

Debt - Principal maturities (De

Debt - Principal maturities (Details) $ in Millions	Dec. 31, 2016USD ($)
Maturities of debt principal:
2,017	$ 54.5
2,018	240.8
2,019	97.9
2,020	697.1
2,021	4.3
Thereafter	938.6
Total	2,033.2
Accounts receivable securitization facility
Maturities of debt principal:
2,017	0
2,018	163.9
2,019	0
2,020	0
2,021	0
Thereafter	0
Total	163.9
Senior credit facility | Multi-currency revolving loan facility
Maturities of debt principal:
2,017	0
2,018	0
2,019	0
2,020	31.6
2,021	0
Thereafter	0
Total	31.6
Senior credit facility | Term A loan
Maturities of debt principal:
2,017	45.5
2,018	68.3
2,019	91
2,020	659.7
2,021	0
Thereafter	0
Total	864.5
Senior credit facility | Term B loan
Maturities of debt principal:
2,017	4.3
2,018	4.3
2,019	4.3
2,020	4.3
2,021	4.3
Thereafter	406.7
Total	428.2
Senior notes | 4.625%
Maturities of debt principal:
2,017	0
2,018	0
2,019	0
2,020	0
2,021	0
Thereafter	531.9
Total	531.9
Other debt
Maturities of debt principal:
2,017	4.7
2,018	4.3
2,019	2.6
2,020	1.5
2,021	0
Thereafter	0
Total	$ 13.1

Debt - Additional information (

Debt - Additional information (Details) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016EUR (€)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2016USD ($)
Debt and capital lease obligations
Repayment of debt		$ 623.8	$ 2,810.2	$ 1,353.8
Payment of debt issuance costs		0.9	41.9	1.1
Loss on extinguishment of debt		$ 0.5	32.7	5.1
Accounts receivable securitization facility
Debt and capital lease obligations
Face amount					$ 175
Maturity date	May 18, 2018	May 18, 2018
Senior credit facility
Debt and capital lease obligations
Payment of debt issuance costs			15.4
Senior credit facility | Multi-currency revolving loan facility
Debt and capital lease obligations
Face amount					250
Maturity date	Sep. 28, 2020	Sep. 28, 2020
Senior credit facility | Term A loan
Debt and capital lease obligations
Face amount					$ 910
Maturity date	Sep. 28, 2020	Sep. 28, 2020
Senior credit facility | Term B loan
Debt and capital lease obligations
Face amount | €	€ 406.6
Maturity date	Jan. 15, 2022	Jan. 15, 2022
Original issue discount | €	€ 1.2
Repayment of debt | €	50
Payment of debt issuance costs		$ 0.9
Loss on extinguishment of debt		$ 0.5
Senior credit facility | Prior credit facility
Debt and capital lease obligations
Payment of debt issuance costs				1.1
Loss on extinguishment of debt			7.9
Senior notes | 4.625%
Debt and capital lease obligations
Face amount | €	€ 503.8
Interest rate, stated percentage	4.625%				4.625%
Redemption price (as percentage of face amount)	102.3125%	102.3125%
Maturity date	Apr. 15, 2022	Apr. 15, 2022
Original issue discount | €	€ 3.8
Payment of debt issuance costs			5.4
Senior notes | 7.25%
Debt and capital lease obligations
Interest rate, stated percentage	7.25%				7.25%
Payment of debt redemption premium			20.4
Loss on extinguishment of debt			$ 24.8
Subordinated notes | 10.75%
Debt and capital lease obligations
Interest rate, stated percentage	10.75%				10.75%
Loss on extinguishment of debt				$ 5.1

Financial instruments and fai63

Financial instruments and fair value measurements - Assets and liabilities for which fair value is only disclosed (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Assets and liabilities for which fair value is only disclosed:
Carrying amount	$ 2,017	$ 1,989
Income tax receivable agreement
Assets and liabilities for which fair value is only disclosed:
Carrying amount	85	163.1
Income tax receivable agreement | Level 3
Assets and liabilities for which fair value is only disclosed:
Fair value	82.9	147.6
Accounts receivable securitization facility
Assets and liabilities for which fair value is only disclosed:
Carrying amount	163.9	38
Accounts receivable securitization facility | Level 2
Assets and liabilities for which fair value is only disclosed:
Fair value	163.9	38
Senior credit facility | Multi-currency revolving loan facility
Assets and liabilities for which fair value is only disclosed:
Carrying amount	31.6	0
Senior credit facility | Multi-currency revolving loan facility | Level 2
Assets and liabilities for which fair value is only disclosed:
Fair value	31.6	0
Senior credit facility | Term A loan
Assets and liabilities for which fair value is only disclosed:
Carrying amount	859.7	903.9
Senior credit facility | Term A loan | Level 2
Assets and liabilities for which fair value is only disclosed:
Fair value	856.4	901.5
Senior credit facility | Term B loan
Assets and liabilities for which fair value is only disclosed:
Carrying amount	423.8	494.8
Senior credit facility | Term B loan | Level 2
Assets and liabilities for which fair value is only disclosed:
Fair value	431.9	500.5
Senior notes | 4.625%
Assets and liabilities for which fair value is only disclosed:
Carrying amount	524.9	538.6
Senior notes | 4.625% | Level 2
Assets and liabilities for which fair value is only disclosed:
Fair value	553.9	536.5
Other debt
Assets and liabilities for which fair value is only disclosed:
Carrying amount	13.1	13.7
Other debt | Level 2
Assets and liabilities for which fair value is only disclosed:
Fair value	$ 13.1	$ 13.7

Financial instruments and fai64

Financial instruments and fair value measurements - Recurring fair value measurements with significant unobservable inputs (Details) - Recurring - Level 3 - Contingent consideration - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Changes in fair value measurements:
Beginning balance	$ 21	$ 11.6
Acquisitions (Note 5)	13.8	13.6
Loss (income) from changes to estimated fair value	4.9	(1.1)
Cash payments	(4.2)	(2.4)
Currency translation	(0.8)	(0.7)
Ending balance	34.7	$ 21
Information about contingent consideration:
Range of outcomes, low	19
Range of outcomes, high	$ 38

Financial instruments and fai65

Financial instruments and fair value measurements - Derivative instruments and hedging activities (Details) - Designated as hedge € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016EUR (€)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Cash flow hedging | Interest rate swap
Derivative instruments and hedging activities:
Number of instruments held		2
Fixed interest rate		1.00%
Notional amount		$ 500
Net unrealized gain (loss) deferred to AOCI		9.8	$ 0
Cash flow hedging | Interest rate swap | Interest expense
Derivative instruments and hedging activities:
Net gain (loss) reclassified from AOCI into earnings		(1.4)	0
Cash flow hedging | Interest rate swap | Level 2 | Other assets
Derivative instruments and hedging activities:
Fair value		11.2	0
Net investment hedging | Portion of net investment in foreign operations
Derivative instruments and hedging activities:
Net unrealized gain (loss) deferred to AOCI		(28.6)	(3.7)
Net investment hedging | Portion of term B loan
Derivative instruments and hedging activities:
Notional amount | €	€ 356
Net unrealized gain (loss) deferred to AOCI		13.5	12.4
Net investment hedging | Portion of term B loan | Level 2 | Debt, net of current portion
Derivative instruments and hedging activities:
Fair value		379.2	402.6
Net investment hedging | 4.625% senior notes
Derivative instruments and hedging activities:
Notional amount | €	€ 503.8
Net unrealized gain (loss) deferred to AOCI		15.1	(8.7)
Net investment hedging | 4.625% senior notes | Level 2 | Debt, net of current portion
Derivative instruments and hedging activities:
Fair value		$ 553.9	$ 536.5

Commitments and contingencies (

Commitments and contingencies (Details) $ in Millions	Dec. 31, 2016USD ($)
Employment agreements
Commitments and contingencies:
Aggregate potential payments	$ 11.1

Stockholders' equity (Details)

Stockholders' equity (Details) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)shares	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)$ / sharesshares
Information about equity:
Payment of dividend to Varietal	$ 0	$ 0	$ 25
Common stock
Information about equity:
Shares issued, recapitalization | shares			102
Stock split, conversion ratio			102
Shares issued | shares	0.2		29.4
Shares issued, price per share | $ / shares			$ 21
Proceeds from initial public offering			$ 582.6
Payment of dividend to Varietal			$ 25

Stock-based compensation (Detai

Stock-based compensation (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock-based compensation
Expense recognized	$ 8.6	$ 4.9	$ 2
Expense to be recognized	$ 25.9
Expense to be recognized, weighted average period of recognition	3 years
2014 Plan
Stock-based compensation
Expense recognized	$ 8.3	$ 4.4	$ 1.1
Number of shares authorized	11.5
Number of shares available for future issuance	5.6
2014 Plan | Stock option
Rollforward of stock options, number
Outstanding at beginning of period	3.2
Granted	2.8
Exercised	(0.1)
Forfeited	(0.1)
Outstanding at end of period	5.8	3.2
Rollforward of stock options, weighted average exercise price
Outstanding at beginning of period	$ 21.03
Granted	24.68
Exercised	21
Forfeited	21.39
Outstanding at end of period	$ 22.80	$ 21.03
Outstanding, aggregate intrinsic value	$ 13.3
Outstanding, weighted average remaining term	5 years 4 months 24 days
Expected to vest
Number of stock options	4.5
Weighted average exercise price per option	$ 23.26
Aggregate intrinsic value	$ 8.3
Weighted average remaining term	5 years 7 months 6 days
Exercisable
Number of stock options	1.2
Weighted average exercise price per option	$ 21.02
Aggregate intrinsic value	$ 4.8
Weighted average remaining term	4 years 9 months 18 days
Vesting period	4 years		5 years
Term	7 years		7 years
Information about the fair value of stock options granted
Weighted average grant date fair value	$ 6.69		$ 6.67
Expected stock price volatility	30.00%		33.00%
Risk free interest rate	1.16%		1.76%
Expected dividend rate	0.00%		0.00%
Expected life of options	4 years 7 months 6 days		4 years 10 months 24 days
Vested, total fair value	$ 8.2
Exercised, aggregate intrinsic value	0.6
Exercised, realized tax benefit	0.2
Exercised, cash contributions	$ 2
2014 Plan | Stock option | Initial vesting tranche
Exercisable
Vesting percentage	25.00%		40.00%
2014 Plan | Stock option | Quarterly vesting thereafter
Exercisable
Vesting percentage	6.25%		5.00%
Other immaterial plans
Stock-based compensation
Expense recognized	$ 0.3	$ 0.5	$ 0.9

Restructuring (Details)

Restructuring (Details) - 2016 plan $ in Millions	12 Months Ended
	Dec. 31, 2016USD ($)
Information about restructuring charges
Restructuring charges	$ 20.3
Cumulative charges incurred	20.3
Expected remaining charges	14.7
Total expected charges	35
Changes to accrued restructuring charges:
Beginning balance	0
Restructuring charges	13.3
Cash payments	(2.2)
Ending balance	11.1
Americas
Information about restructuring charges
Restructuring charges	1.8
Cumulative charges incurred	1.8
Expected remaining charges	1.7
Total expected charges	3.5
EMEA-APAC
Information about restructuring charges
Restructuring charges	18.5
Cumulative charges incurred	18.5
Expected remaining charges	13
Total expected charges	31.5
Employee severance
Information about restructuring charges
Restructuring charges	12.9
Cumulative charges incurred	12.9
Expected remaining charges	5.4
Total expected charges	18.3
Changes to accrued restructuring charges:
Beginning balance	0
Restructuring charges	12.9
Cash payments	(2.2)
Ending balance	10.7
Facility closure
Information about restructuring charges
Restructuring charges	0.4
Cumulative charges incurred	0.4
Expected remaining charges	3.9
Total expected charges	4.3
Changes to accrued restructuring charges:
Beginning balance	0
Restructuring charges	0.4
Cash payments	0
Ending balance	0.4
Other
Information about restructuring charges
Restructuring charges	7
Cumulative charges incurred	7
Expected remaining charges	5.4
Total expected charges	$ 12.4

Benefit plans - Defined contrib

Benefit plans - Defined contribution plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Defined contribution plan expense	$ 9.9	$ 10.6	$ 10.7

Benefit plans - Information abo

Benefit plans - Information about defined benefit plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. Retirement Plan
Change in projected benefit obligation
Beginning balance	$ 180.1	$ 189.1
Service cost	3.9	0.7	$ 0.7
Interest cost	6.8	7.7	8.4
Actuarial loss (gain)	4.3	(9.7)
Benefits paid	(7.7)	(7.7)
Ending balance	187.4	180.1	189.1
Change in fair value of plan assets
Beginning balance	222.8	241.2
Actual gain (loss) on plan assets	23.1	(10.7)
Company contributions	0	0
Benefits paid	(7.7)	(7.7)
Ending balance	238.2	222.8	241.2
Funded status at end of year	50.8	42.7
Accumulated benefit obligation at end of year	187.4	180.1
Amounts recognized in consolidated balance sheets at end of year:
Other assets	50.8	42.7
Accumulated other comprehensive income (loss)	13.6	7.9
Amount of actuarial gain or loss to be recognized next year	0
German, French and UK Plans
Change in projected benefit obligation
Beginning balance	164	180.3
Service cost	1.4	1.7	1.5
Interest cost	4.4	5.1	6.6
Actuarial loss (gain)	34.8	(6.4)
Benefits paid	(5.1)	(3.2)
Currency translation	(20.2)	(13.5)
Other	0.7	0
Ending balance	180	164	180.3
Change in fair value of plan assets
Beginning balance	84.7	83
Actual gain (loss) on plan assets	21.7	2.3
Company contributions	10.1	7.3
Benefits paid	(5.1)	(3.2)
Currency translation	(16.2)	(4.7)
Ending balance	95.2	84.7	$ 83
Funded status at end of year	(84.8)	(79.3)
Accumulated benefit obligation at end of year	172.2	156.5
Amounts recognized in consolidated balance sheets at end of year:
Other assets	0.6	0.8
Other liabilities	85.4	80.1
Accumulated other comprehensive income (loss)	(66.1)	$ (53.1)
Amount of actuarial gain or loss to be recognized next year	$ 3.8

Benefit plans - Gains and losse

Benefit plans - Gains and losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. Retirement Plan
Net periodic pension cost (income)
Service cost	$ 3.9	$ 0.7	$ 0.7
Interest cost	6.8	7.7	8.4
Expected return on plan assets	(13.1)	(14.2)	(14.4)
Recognized net actuarial (gain) loss	0	0	(0.4)
Gain on partial plan settlement	0	0	(6.9)
Other	0	0	0
Total	(2.4)	(5.8)	(12.6)
Gain (loss) recorded in other comprehensive income or loss	5.8	(15.3)	(5)
German, French and UK Plans
Net periodic pension cost (income)
Service cost	1.4	1.7	1.5
Interest cost	4.4	5.1	6.6
Expected return on plan assets	(4.6)	(4.8)	(5.7)
Recognized net actuarial (gain) loss	3.3	3.7	2.1
Gain on partial plan settlement	0	0	0
Other	0.7	0	0
Total	5.2	5.7	4.5
Gain (loss) recorded in other comprehensive income or loss	$ (16.4)	$ 3.9	$ (26.3)

Benefit plans - Assumptions use

Benefit plans - Assumptions used (Details)	5 Months Ended	7 Months Ended	12 Months Ended
	May 31, 2014	Dec. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. Retirement Plan
Projected benefit obligation at end of year:
Discount rate		4.13%	4.23%	4.58%	4.13%
Annual rate of compensation increase			3.00%
Net periodic pension cost or income:
Discount rate	4.90%	4.34%	4.58%	4.13%
Expected rate of return on plan assets			6.00%	6.00%	6.00%
Annual rate of compensation increase			3.00%
German, French and UK Plans
Projected benefit obligation at end of year:
Discount rate		2.99%	2.36%	3.22%	2.99%
Annual rate of compensation increase		3.00%	3.00%	3.00%	3.00%
Net periodic pension cost or income:
Discount rate			3.22%	2.99%	4.19%
Expected rate of return on plan assets			6.01%	5.93%	6.92%
Annual rate of compensation increase			3.00%	3.00%	3.00%

Benefit plans - Benefits and co

Benefit plans - Benefits and contributions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
U.S. Retirement Plan
Expected future benefits to be paid:
2,017	$ 13.9
2,018	13.7
2,019	12.8
2,020	13
2,021	13.1
2022 – 2026	63.3
Company contributions	0	$ 0
Expected company contributions next year	0
German, French and UK Plans
Expected future benefits to be paid:
2,017	3.1
2,018	3
2,019	3.8
2,020	3.7
2,021	4.5
2022 – 2026	28.2
Company contributions	10.1	$ 7.3
Expected company contributions next year	$ 4.2

Benefit plans - Information a75

Benefit plans - Information about plan assets (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
U.S. Retirement Plan
Information about plan assets
Fair value	$ 238.2	$ 222.8	$ 241.2
U.S. Retirement Plan | Level 1
Information about plan assets
Fair value	16.8	19.6
U.S. Retirement Plan | Level 2
Information about plan assets
Fair value	217.4	203.2
U.S. Retirement Plan | Level 3
Information about plan assets
Fair value	4
U.S. Retirement Plan | Cash and cash equivalents
Information about plan assets
Fair value	2	1.4
U.S. Retirement Plan | Cash and cash equivalents | Level 1
Information about plan assets
Fair value	2	1.4
U.S. Retirement Plan | Cash and cash equivalents | Level 2
Information about plan assets
Fair value	0	0
U.S. Retirement Plan | Fixed income funds
Information about plan assets
Fair value	181	171.4
U.S. Retirement Plan | Fixed income funds | Level 1
Information about plan assets
Fair value	0	0
U.S. Retirement Plan | Fixed income funds | Level 2
Information about plan assets
Fair value	181	171.4
U.S. Retirement Plan | Equity funds
Information about plan assets
Fair value	55.2	50
U.S. Retirement Plan | Equity funds | Level 1
Information about plan assets
Fair value	14.8	18.2
U.S. Retirement Plan | Equity funds | Level 2
Information about plan assets
Fair value	36.4	31.8
U.S. Retirement Plan | Equity funds | Level 3
Information about plan assets
Fair value	4
German, French and UK Plans
Information about plan assets
Fair value	95.2	84.7	$ 83
German, French and UK Plans | Level 1
Information about plan assets
Fair value	1.1	1
German, French and UK Plans | Level 2
Information about plan assets
Fair value	94.1	83.7
German, French and UK Plans | Cash and cash equivalents
Information about plan assets
Fair value	1.1	1
German, French and UK Plans | Cash and cash equivalents | Level 1
Information about plan assets
Fair value	1.1	1
German, French and UK Plans | Cash and cash equivalents | Level 2
Information about plan assets
Fair value	0	0
German, French and UK Plans | Fixed income funds
Information about plan assets
Fair value	32.4	68.2
German, French and UK Plans | Fixed income funds | Level 1
Information about plan assets
Fair value	0	0
German, French and UK Plans | Fixed income funds | Level 2
Information about plan assets
Fair value	32.4	68.2
German, French and UK Plans | Equity funds
Information about plan assets
Fair value	61.7	15.5
German, French and UK Plans | Equity funds | Level 1
Information about plan assets
Fair value	0	0
German, French and UK Plans | Equity funds | Level 2
Information about plan assets
Fair value	$ 61.7	$ 15.5

Leases (Details)

Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Leases [Abstract]
Operating lease expense	$ 39.2	$ 32.8	$ 35.5
Future minimum lease payments under operating leases:
2,017	33.4
2,018	28.4
2,019	21.7
2,020	15.1
2,021	12.9
Thereafter	32.8
Total minimum payments	$ 144.3

Income taxes - Information rela

Income taxes - Information related to income statements (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income before income taxes:
United States	$ 146.3	$ 123.3	$ 121.4
Foreign	88	106.8	116
Income before income taxes	234.3	230.1	237.4
Current income tax provision:
Federal	37.9	5.1	3.8
State	9.1	0.8	0.6
Foreign	35.7	42.6	46.5
Total	82.7	48.5	50.9
Deferred income tax provision (benefit):
Federal	11.2	38.3	40.1
State	(1.1)	0.9	4.3
Foreign	(6.7)	(11.9)	(10.5)
Total	3.4	27.3	33.9
Total income tax provision	$ 86.1	$ 75.8	$ 84.8

Income taxes - Rate reconciliat

Income taxes - Rate reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Statutory federal income tax rate	35.00%
Reconciliation of income tax provision calculated at statutory federal tax rate to the amounts presented in the consolidated income statements:
Income tax provision at United States federal statutory rate	$ 82	$ 80.5	$ 83.1
State income taxes, net of federal benefit	5.2	1.4	3.3
Change in foreign tax rates	0	(4.5)	0
Foreign rate differential	(7.4)	(11)	(10.4)
Changes to valuation allowance not included above	5.4	5.1	5.6
Other, net	0.9	4.3	3.2
Total income tax provision	$ 86.1	$ 75.8	$ 84.8

Income taxes - Deferred tax ass

Income taxes - Deferred tax assets and liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Net operating loss carryforwards	$ 104.1	$ 136.2
Other	40.7	40.3
Deferred tax assets, gross	144.8	176.5
Valuation allowances	(105.1)	(102.5)
Deferred tax assets, net	39.7	74
Deferred tax liabilities:
Intangible assets	(442)	(467.2)
Goodwill	(39.7)	(38.2)
Other	(21.4)	(16.2)
Total deferred tax liabilities	(503.1)	(521.6)
Net deferred tax liability	(463.4)	(447.6)
Classification on consolidated balance sheets:
Other assets	13.8	11.9
Deferred income tax liabilities	(477.2)	(459.5)
Net deferred tax liability	(463.4)	(447.6)
Increase (decrease) to valuation allowance	$ 2.6	$ (7.5)	$ (9.3)

Income taxes - Uncertain tax po

Income taxes - Uncertain tax positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Changes to the reserve for uncertain income tax positions:
Beginning balance	$ 62.2	$ 61.7	$ 57.9
Additions:
Tax positions related to the current year	1.7	1.7	5.1
Tax positions related to prior years	0.1	0.3	0.3
Reductions:
Tax positions related to prior years	0	(0.2)	(0.1)
Settlements with taxing authorities	(1.2)	(0.1)	(0.3)
Lapse of statutes of limitations	(0.6)	(0.6)	(0.4)
Currency translation	(0.4)	(0.6)	(0.8)
Ending balance	61.8	62.2	$ 61.7
Other information about uncertain tax positions:
Accrued interest and penalties	1.2	$ 1
Reduction in liability for unrecognized tax benefits, estimated upper bound	$ 0.9

Income taxes - Other matters (D

Income taxes - Other matters (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Other matters:
Cumulative undistributed earnings of foreign subsidiaries	$ 842.8
Net operating loss carryforward, benefit amount	104.1	$ 136.2
Federal
Other matters:
Net operating loss carryforward, gross	133.5
State
Other matters:
Net operating loss carryforward, gross	332.8
Net operating loss carryforward, benefit amount	12.7
Foreign
Other matters:
Net operating loss carryforward, gross	$ 308.2

Comprehensive income or loss -

Comprehensive income or loss - Changes in accumulated balances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Changes in AOCI, net of tax:
Beginning balance	$ (406.3)	$ (229.9)	$ 2.5
Net unrealized gain (loss) arising during the period	(22.7)	(178.4)	(230.5)
Reclassification of net loss (gain) into earnings	1.6	2	(1.9)
Ending balance	(427.4)	(406.3)	(229.9)
Foreign currency translation
Changes in AOCI, net of tax:
Beginning balance	(365.3)	(190.9)	13.3
Net unrealized gain (loss) arising during the period	(22.4)	(174.4)	(204.2)
Reclassification of net loss (gain) into earnings	1.2	0	0
Ending balance	(386.5)	(365.3)	(190.9)
Derivative instruments
Changes in AOCI, net of tax:
Beginning balance	2	(0.3)	(2.1)
Net unrealized gain (loss) arising during the period	9.1	3	0.7
Reclassification of net loss (gain) into earnings	(2.3)	(0.7)	1.1
Ending balance	8.8	2	(0.3)
Defined benefit plans
Changes in AOCI, net of tax:
Beginning balance	(43)	(38.7)	(8.7)
Net unrealized gain (loss) arising during the period	(9.4)	(7)	(27)
Reclassification of net loss (gain) into earnings	2.7	2.7	(3)
Ending balance	$ (49.7)	$ (43)	$ (38.7)

Comprehensive income or loss 83

Comprehensive income or loss - Reclassifications (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Component of earnings:
Net sales	$ 1,130.3	$ 1,136.1	$ 1,149.5	$ 1,098.3	$ 1,112.5	$ 1,095.5	$ 1,081.2	$ 1,029.6	$ 4,514.2	$ 4,318.8	$ 4,375.3
Cost of goods sold									(3,252.4)	(3,121.7)	(3,131.9)
Selling, general and administrative expenses									(946.2)	(876.9)	(925.5)
Interest expense									(79.7)	(102.8)	(166.3)
Other income (expense), net									(1.1)	45.4	90.9
Loss on extinguishment of debt									(0.5)	(32.7)	(5.1)
Income tax provision									(86.1)	(75.8)	(84.8)
Net income	$ 27	$ 40.6	$ 41.8	$ 38.8	$ 53.5	$ 11	$ 18.3	$ 71.5	148.2	154.3	152.6
Reclassification of net (gain) loss from AOCI into earnings | Foreign currency translation
Component of earnings:
Selling, general and administrative expenses									1.7	0	0
Income tax provision									(0.5)	0	0
Net income									1.2	0	0
Reclassification of net (gain) loss from AOCI into earnings | Derivative instruments
Component of earnings:
Cost of goods sold									(4.2)	(2.3)	0.6
Interest expense									1.4	0.3	0.6
Loss on extinguishment of debt									0	0.7	0.5
Income tax provision									0.5	0.6	(0.6)
Net income									(2.3)	(0.7)	1.1
Reclassification of net (gain) loss from AOCI into earnings | Defined benefit plans
Component of earnings:
Selling, general and administrative expenses									3.9	3.9	(5.3)
Income tax provision									(1.2)	(1.2)	2.3
Net income									$ 2.7	$ 2.7	$ (3)

Comprehensive income or loss 84

Comprehensive income or loss - Income tax effects (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Foreign currency translation:
Net unrealized income tax provision arising during the period	$ (11.1)	$ (1.5)	$ 0
Reclassification of net income tax benefit into earnings	(0.5)	0	0
Derivative instruments:
Net unrealized income tax provision arising during the period	(4.8)	(1.8)	(0.2)
Reclassification of net income tax provision (benefit) into earnings	0.5	0.6	(0.6)
Defined benefit plans:
Net unrealized income tax benefit arising during the period	2.2	4.8	10.1
Reclassification of net income tax (benefit) provision into earnings	$ (1.2)	$ (1.2)	$ 2.3

Related party transactions (Det

Related party transactions (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related party transactions
Payment to related party	$ 78.1	$ 9.8	$ 0
Due to related party, current	27.7	78.1
Proceeds from issuance of shares	4.7	$ 1.3	$ 582.6
Varietal | Income tax receivable agreement
Related party transactions
Payment to related party	78.1
Due to related party	85
Due to related party, current	$ 27.7
Varietal | Registration rights agreement
Related party transactions
Number of shares sold	25.2	31.1
Proceeds from issuance of shares	$ 0	$ 0
Shares issued	0	0
Expenses incurred	$ 1.2	$ 1.5

Risk and uncertainties (Details

Risk and uncertainties (Details) $ in Millions	12 Months Ended					114 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2011USD ($)	Dec. 31, 2010USD ($)	Dec. 31, 2008USD ($)	Dec. 31, 2016Business	Oct. 01, 2016USD ($)
Risks and uncertainties
Impairment charges		$ 3.2	$ 3.3	$ 48.1	$ 392.1
Number of businesses acquired | Business						46
Charges to remeasure net assets of business to be sold	$ 6.6
Minimum
Risks and uncertainties
VWR tradename, excess of fair value over carrying value							$ 300
Cost of goods sold | Largest two suppliers | Maximum
Risks and uncertainties
Concentration risk, as percentage of benchmark	8.00%
Cost of goods sold | Largest two suppliers | Minimum
Risks and uncertainties
Concentration risk, as percentage of benchmark	6.00%
Americas | Minimum
Risks and uncertainties
Reporting unit, excess of fair value over carrying value							1,100
EMEA-APAC | Minimum
Risks and uncertainties
Reporting unit, excess of fair value over carrying value							$ 900

Segment financial information87

Segment financial information (Details) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)Segment	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Segment financial information
Number of reportable segments | Segment									2
Net sales	$ 1,130.3	$ 1,136.1	$ 1,149.5	$ 1,098.3	$ 1,112.5	$ 1,095.5	$ 1,081.2	$ 1,029.6	$ 4,514.2	$ 4,318.8	$ 4,375.3
Operating income									315.6	320.2	317.9
Capital expenditures									59.9	40.9	33.6
Depreciation and amortization									130.1	124.5	129.3
Total assets	4,962.5				4,793.8				4,962.5	4,793.8
Property and equipment	253.8				228.2				253.8	228.2
Americas
Segment financial information
Net sales									2,737.7	2,577.3	2,430.1
Operating income									174.9	162.5	141
Capital expenditures									47.8	30.5	22.2
Depreciation and amortization									87.3	82.1	77.8
Total assets	3,067.1				2,867.6				3,067.1	2,867.6
EMEA-APAC
Segment financial information
Net sales									1,776.5	1,741.5	1,945.2
Operating income									140.7	157.7	176.9
Capital expenditures									12.1	10.4	11.4
Depreciation and amortization									42.8	42.4	51.5
Total assets	1,895.4				1,926.2				1,895.4	1,926.2
United States
Segment financial information
Net sales									2,517.7	2,355.9	2,188.2
Property and equipment	166.1				139.9				166.1	139.9
Canada
Segment financial information
Net sales									185.2	188.9	205.6
Property and equipment	5.9				4.2				5.9	4.2
Central and South America
Segment financial information
Net sales									34.8	32.5	36.3
Property and equipment	4.4				2.6				4.4	2.6
Europe
Segment financial information
Net sales									1,704.8	1,676.6	1,870.3
Property and equipment	72				74.9				72	74.9
Asia-Pacific
Segment financial information
Net sales									71.7	64.9	$ 74.9
Property and equipment	$ 5.4				$ 6.6				$ 5.4	$ 6.6

Unaudited quarterly financial88

Unaudited quarterly financial information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 1,130.3	$ 1,136.1	$ 1,149.5	$ 1,098.3	$ 1,112.5	$ 1,095.5	$ 1,081.2	$ 1,029.6	$ 4,514.2	$ 4,318.8	$ 4,375.3
Gross profit	314.3	313.5	323.4	310.6	307.9	299.5	298.5	291.2	1,261.8	1,197.1	1,243.4
Net income	$ 27	$ 40.6	$ 41.8	$ 38.8	$ 53.5	$ 11	$ 18.3	$ 71.5	$ 148.2	$ 154.3	$ 152.6
Earnings per share:
Basic	$ 0.21	$ 0.31	$ 0.32	$ 0.30	$ 0.41	$ 0.08	$ 0.14	$ 0.54	$ 1.13	$ 1.17	$ 2.50
Diluted	$ 0.20	$ 0.31	$ 0.32	$ 0.29	$ 0.41	$ 0.08	$ 0.14	$ 0.54	$ 1.12	$ 1.17	$ 2.49

Condensed parent company only89

Condensed parent company only financial statements - Condensed balance sheets (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 168.7	$ 136.3	$ 118	$ 135.6
Total assets	4,962.5	4,793.8
Liabilities, Redeemable Equity and Stockholders’ Equity
Current amount due to Varietal — ITRA	27.7	78.1
Total current liabilities	986.1	819.1
Amount due to Varietal — ITRA, net of current portion	57.3	85
Total liabilities	3,446.9	3,418.6
Redeemable equity, at redemption value	21.2	38.8	51.4	670.6
Preferred stock, $0.01 par value; 50.0 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.01 par value; 750.0 shares authorized, 131.6 and 131.4 shares issued and outstanding	1.3	1.3	1.3	0
Additional paid-in capital	1,766	1,735.1	1,716.3	723.9
Retained earnings	154.5	6.3	(148)	(300.6)
Accumulated other comprehensive loss	(427.4)	(406.3)	(229.9)	2.5
Total stockholders’ equity	1,494.4	1,336.4	$ 1,339.7	$ 425.8
Total liabilities, redeemable equity and stockholders’ equity	$ 4,962.5	$ 4,793.8
Additional information:
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	50	50
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	750	750
Common stock, shares issued	131.6	131.4
Common stock, shares outstanding	131.6	131.4	131.4	0.1
Parent company only
Assets
Cash and cash equivalents	$ 4.7	$ 0	$ 0	$ 0
Investment in unconsolidated subsidiaries	1,595.9	1,538.3
Total assets	1,600.6	1,538.3
Liabilities, Redeemable Equity and Stockholders’ Equity
Current amount due to Varietal — ITRA	27.7	78.1
Total current liabilities	27.7	78.1
Amount due to Varietal — ITRA, net of current portion	57.3	85
Total liabilities	85	163.1
Redeemable equity, at redemption value	21.2	38.8
Preferred stock, $0.01 par value; 50.0 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.01 par value; 750.0 shares authorized, 131.6 and 131.4 shares issued and outstanding	1.3	1.3
Additional paid-in capital	1,766	1,735.1
Retained earnings	154.5	6.3
Accumulated other comprehensive loss	(427.4)	(406.3)
Total stockholders’ equity	1,494.4	1,336.4
Total liabilities, redeemable equity and stockholders’ equity	1,600.6	$ 1,538.3
Additional information:
Restricted net assets of subsidiaries	$ 1,308.4
Preferred stock, par value per share	$ 0.01	$ 0.01
Preferred stock, shares authorized	50	50
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	750	750
Common stock, shares issued	131.6	131.4
Common stock, shares outstanding	131.6	131.4

Condensed parent company only90

Condensed parent company only financial statements - Condensed income statements (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed parent company only income statement
Net income	$ 27	$ 40.6	$ 41.8	$ 38.8	$ 53.5	$ 11	$ 18.3	$ 71.5	$ 148.2	$ 154.3	$ 152.6
Accretion of dividends on redeemable equity									0	0	(29.4)
Net income applicable to common stockholders									148.2	154.3	123.2
Parent company only
Condensed parent company only income statement
Equity in earnings of unconsolidated subsidiaries, net of tax									148.2	154.3	152.6
Net income									148.2	154.3	152.6
Accretion of dividends on redeemable equity									0	0	(29.4)
Net income applicable to common stockholders									$ 148.2	$ 154.3	$ 123.2

Condensed parent company only91

Condensed parent company only financial statements - Condensed statements of cash flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from financing activities:
Proceeds from issuance of common stock	$ 4.7	$ 1.3	$ 582.6
Payment of dividend	0	0	(25)
Repurchases of redeemable equity	0	0	(8.9)
Payment to Varietal under ITRA	(78.1)	(9.8)	0
Net cash provided by (used in) financing activities	(26.8)	(96.1)	(71.8)
Cash and cash equivalents at beginning of period	136.3	118	135.6
Cash and cash equivalents at end of period	168.7	136.3	118
Parent company only
Cash flows from financing activities:
Proceeds from issuance of common stock	4.7	1.3	582.6
Payment of stock issuance costs	0	0	(4.8)
Capital contributed to unconsolidated subsidiaries	0	(1.3)	(577.8)
Receipt of dividends from unconsolidated subsidiaries	78.1	9.8	33.9
Payment of dividend	0	0	(25)
Repurchases of redeemable equity	0	0	(8.9)
Payment to Varietal under ITRA	(78.1)	(9.8)	0
Net cash provided by (used in) financing activities	4.7	0	0
Cash and cash equivalents at beginning of period	0	0	0
Cash and cash equivalents at end of period	$ 4.7	$ 0	$ 0

Valuation and qualifying acco92

Valuation and qualifying accounts (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reserves on trade accounts receivable
Changes to valuation and qualifying accounts:
Beginning balance		$ 12	$ 12.2	$ 14.8
Charged to costs and expenses		3	3.3	2.4
Deductions	[1]	(4.1)	(2.6)	(4.2)
Currency translation		(0.4)	(0.9)	(0.8)
Ending balance		10.5	12	12.2
Valuation allowances on deferred taxes
Changes to valuation and qualifying accounts:
Beginning balance		102.5	110	119.3
Charged to costs and expenses		5	3.3	2.5
Deductions		0	0	0
Currency translation		(2.4)	(10.8)	(11.8)
Ending balance		$ 105.1	$ 102.5	$ 110
[1]	Deductions represent bad debts charged off, net of recoveries.