Guarantor Financial Information | Guarantor Financial Information Ingersoll-Rand plc (Plc or Parent Company) and certain of its 100% directly or indirectly owned subsidiaries provide guarantees of public debt issued by other 100% directly or indirectly owned subsidiaries. The following condensed consolidating financial information is provided so that separate financial statements of these subsidiary issuer and guarantors are not required to be filed with the U.S. Securities and Exchange Commission. The following table shows the Company’s guarantor relationships as of September 30, 2016 : Parent, issuer or guarantors Notes issued Notes guaranteed (3) Ingersoll-Rand plc (Plc) None All registered notes and debentures Ingersoll-Rand Irish Holdings Unlimited Company (Irish Holdings) None All notes issued by Global Holding and Lux Finance (4) Ingersoll-Rand Lux International Holding Company S.à .r.l. (Lux International) None All notes issued by Global Holding and Lux Finance (1) Ingersoll-Rand Global Holding Company Limited (Global Holding) 6.875% Senior notes due 2018 (2) 2.875% Senior notes due 2019 (2) 4.250% Senior notes due 2023 (2) 5.750% Senior notes due 2043 (2) All notes issued by Lux Finance Ingersoll-Rand Company (New Jersey) 9.000% Debentures due 2021 7.200% Debentures due 2016-2025 6.48% Debentures due 2025 Puttable debentures due 2027-2028 All notes issued by Global and Lux Finance Ingersoll-Rand Luxembourg Finance S.A. (Lux Finance) 2.625% Notes due 2020 3.55% Notes due 2024 4.650% Notes due 2044 All notes and debentures issued by Global and New Jersey (1) In the fourth quarter of 2015, Lux International was added as a guarantor of notes previously issued by Global Holding and Lux Finance (2) In 2013, New Jersey was added as a co-obligor of notes previously issued by Global Holding (3) All subsidiary issuers and guarantors provide irrevocable guarantees of borrowings, if any, made under revolving credit facilities (4) In the second quarter of 2016, Irish Holdings was added as a guarantor of all notes issued by Global Holding and Lux Finance Each subsidiary debt issuer and guarantor is owned 100% directly or indirectly by the Parent Company. Each guarantee is full and unconditional, and provided on a joint and several basis. There are no significant restrictions of the Parent Company, or any guarantor, to obtain funds from its subsidiaries, such as provisions in debt agreements that prohibit dividend payments, loans or advances to the parent by a subsidiary. Basis of presentation The following Condensed Consolidating Financial Statements present the financial position, results of operations and cash flows of each issuer or guarantor on a legal entity basis. The financial information for all periods has been presented based on the Company’s legal entity ownerships and guarantees outstanding at September 30, 2016 . Assets and liabilities are attributed to each issuer and guarantor generally based on legal entity ownership. Investments in subsidiaries of the Parent Company, subsidiary guarantors and issuers represent the proportionate share of their subsidiaries’ net assets. Certain adjustments are needed to consolidate the Parent Company and its subsidiaries, including the elimination of investments in subsidiaries and related activity that occurs between entities in different columns. These adjustments are presented in the Consolidating Adjustments column. This basis of presentation is intended to comply with the specific reporting requirements for subsidiary issuers and guarantors, and is not intended to present the Company’s financial position or results of operations or cash flows for any other purpose. Revisions of prior year financial information to reflect changes in guarantor subsidiaries The Condensed Consolidated Financial Statements for the three and nine months ended September 30, 2015 and as of December 31, 2015 were revised for the following changes in the composition of issuer and guarantor subsidiaries that occurred during the second quarter of 2016: • Irish Holdings was added as a guarantor of all notes and debentures issued by Global Holding and Lux Finance; • International Holding transferred all of its remaining assets, including ownership of Lux International, to Irish Holdings and was dissolved; and, • An intercompany loan of $ 19.5 billion was made from Irish Holdings to Lux International and was subsequently reduced to $ 18.0 billion . These transactions had no impact on the composition of the Company’s consolidated group and had no effect on the Consolidated Financial Statements for any period. Revisions of prior year financial information to correct the presentation of intercompany activity The Condensed Consolidating Statement of Comprehensive Income for the three and nine months ended September 30, 2015 and the Condensed Consolidating Statement of Cash Flows for the nine months ended September 30, 2015 were revised to correct the errors previously disclosed in the Company’s 2015 Form 10-K related to the presentation of certain intercompany activity. These adjustments had no impact on the Company’s Condensed Consolidated Statements. The Company assessed the materiality of these revisions on previously issued financial statements and concluded that the revisions were not material to the Consolidated Financial Statements taken as a whole. In millions Plc Irish Lux International Global New Lux Other Consolidating Net revenues $ — $ — $ — $ — $ 341.3 $ — $ 3,311.4 $ (84.9 ) $ 3,567.8 Cost of goods sold — — — — (229.4 ) — (2,274.2 ) 84.9 (2,418.7 ) Selling and administrative expenses (3.8 ) — — (0.1 ) (6.8 ) (0.1 ) (634.6 ) — (645.4 ) Operating income (loss) (3.8 ) — — (0.1 ) 105.1 (0.1 ) 402.6 — 503.7 Equity earnings (loss) in subsidiaries, net of tax 400.3 397.5 376.2 257.3 231.6 20.4 — (1,683.3 ) — Interest expense — — — (31.8 ) (11.9 ) (10.4 ) (0.4 ) — (54.5 ) Intercompany interest and fees (19.6 ) — (13.6 ) (42.6 ) (71.7 ) (2.0 ) 149.5 — — Other income/(expense), net — — — — (0.1 ) — 1.8 — 1.7 Earnings (loss) before income taxes 376.9 397.5 362.6 182.8 253.0 7.9 553.5 (1,683.3 ) 450.9 Benefit (provision) for income taxes 0.5 — 5.1 27.0 (11.9 ) — (103.9 ) — (83.2 ) Earnings (loss) from continuing operations 377.4 397.5 367.7 209.8 241.1 7.9 449.6 (1,683.3 ) 367.7 Discontinued operations, net of tax — — — — 16.1 — (1.9 ) — 14.2 Net earnings (loss) 377.4 397.5 367.7 209.8 257.2 7.9 447.7 (1,683.3 ) 381.9 Less: Net earnings attributable to noncontrolling interests — — — — — — (4.5 ) — (4.5 ) Net earnings (loss) attributable to Ingersoll-Rand plc $ 377.4 $ 397.5 $ 367.7 $ 209.8 $ 257.2 $ 7.9 $ 443.2 $ (1,683.3 ) $ 377.4 Other comprehensive income (loss), net of tax 20.5 20.6 33.7 22.2 22.2 3.8 (46.9 ) (55.6 ) 20.5 Comprehensive income (loss) attributable to Ingersoll-Rand plc $ 397.9 $ 418.1 $ 401.4 $ 232.0 $ 279.4 $ 11.7 $ 396.3 $ (1,738.9 ) $ 397.9 Condensed Consolidating Statement of Comprehensive Income For the nine months ended September 30, 2016 In millions Plc Irish Lux International Global New Lux Other Consolidating Net revenues $ — $ — $ — $ — $ 979.6 $ — $ 9,433.4 $ (262.9 ) $ 10,150.1 Cost of goods sold — — — — (716.3 ) — (6,524.6 ) 262.9 (6,978.0 ) Selling and administrative expenses (10.6 ) — (0.1 ) (0.1 ) (255.4 ) (0.4 ) (1,679.3 ) — (1,945.9 ) Operating income (loss) (10.6 ) — (0.1 ) (0.1 ) 7.9 (0.4 ) 1,229.5 — 1,226.2 Equity earnings (loss) in subsidiaries, net of tax 1,337.8 1,323.3 1,247.9 545.5 684.6 112.8 — (5,251.9 ) — Interest expense — — — (95.5 ) (36.0 ) (32.6 ) (3.6 ) — (167.7 ) Intercompany interest and fees (51.1 ) — (33.2 ) (121.4 ) (212.7 ) (5.0 ) 423.4 — — Other income/(expense), net 0.1 — — — (2.7 ) — 417.3 — 414.7 Earnings (loss) before income taxes 1,276.2 1,323.3 1,214.6 328.5 441.1 74.8 2,066.6 (5,251.9 ) 1,473.2 Benefit (provision) for income taxes 1.2 — 5.1 78.9 70.9 — (373.7 ) — (217.6 ) Earnings (loss) from continuing operations 1,277.4 1,323.3 1,219.7 407.4 512.0 74.8 1,692.9 (5,251.9 ) 1,255.6 Discontinued operations, net of tax — — — — 34.0 — 0.3 — 34.3 Net earnings (loss) 1,277.4 1,323.3 1,219.7 407.4 546.0 74.8 1,693.2 (5,251.9 ) 1,289.9 Less: Net earnings attributable to noncontrolling interests — — — — — — (12.5 ) — (12.5 ) Net earnings (loss) attributable to Ingersoll-Rand plc $ 1,277.4 $ 1,323.3 $ 1,219.7 $ 407.4 $ 546.0 $ 74.8 $ 1,680.7 $ (5,251.9 ) $ 1,277.4 Other comprehensive income (loss), net of tax 87.5 87.5 86.9 48.9 48.6 4.4 74.3 (350.6 ) 87.5 Comprehensive income (loss) attributable to Ingersoll-Rand plc $ 1,364.9 $ 1,410.8 $ 1,306.6 $ 456.3 $ 594.6 $ 79.2 $ 1,755.0 $ (5,602.5 ) $ 1,364.9 In millions Plc Irish Lux International Global New Lux Other Consolidating Net revenues $ — $ — $ — $ — $ 352.9 $ — $ 3,230.4 $ (96.4 ) $ 3,486.9 Cost of goods sold — — — — (249.7 ) — (2,226.1 ) 96.4 (2,379.4 ) Selling and administrative expenses (3.7 ) — — — (81.4 ) (0.1 ) (546.9 ) — (632.1 ) Operating income (loss) (3.7 ) — — — 21.8 (0.1 ) 457.4 — 475.4 Equity earnings (loss) in subsidiaries, net of tax 311.3 310.6 266.1 190.3 258.5 13.1 — (1,349.9 ) — Interest expense — — — (31.8 ) (11.9 ) (11.1 ) (1.0 ) — (55.8 ) Intercompany interest and fees (7.2 ) (0.1 ) (8.2 ) (7.1 ) (66.6 ) (0.5 ) 89.7 — — Other income/(expense), net 0.1 — 0.1 — (7.4 ) — 19.4 — 12.2 Earnings (loss) before income taxes 300.5 310.5 258.0 151.4 194.4 1.4 565.5 (1,349.9 ) 431.8 Benefit (provision) for income taxes 0.4 — — 14.2 9.9 — (138.3 ) — (113.8 ) Earnings (loss) from continuing operations 300.9 310.5 258.0 165.6 204.3 1.4 427.2 (1,349.9 ) 318.0 Discontinued operations, net of tax — — — — (13.8 ) — 1.8 — (12.0 ) Net earnings (loss) 300.9 310.5 258.0 165.6 190.5 1.4 429.0 (1,349.9 ) 306.0 Less: Net earnings attributable to noncontrolling interests — — — — — — (5.1 ) — (5.1 ) Net earnings (loss) attributable to Ingersoll-Rand plc $ 300.9 $ 310.5 $ 258.0 $ 165.6 $ 190.5 $ 1.4 $ 423.9 $ (1,349.9 ) $ 300.9 Other comprehensive income (loss), net of tax (102.3 ) (103.4 ) (102.8 ) (94.0 ) (94.1 ) 16.8 (128.5 ) 506.0 (102.3 ) Comprehensive income (loss) attributable to Ingersoll-Rand plc $ 198.6 $ 207.1 $ 155.2 $ 71.6 $ 96.4 $ 18.2 $ 295.4 $ (843.9 ) $ 198.6 Condensed Consolidating Statement of Comprehensive Income For the nine months ended September 30, 2015 in millions Plc Irish Lux International Global New Lux Other Consolidating Net revenues $ — $ — $ — $ — $ 1,060.4 $ — $ 9,206.9 $ (292.4 ) $ 9,974.9 Cost of goods sold — — — — (757.6 ) — (6,495.4 ) 292.4 (6,960.6 ) Selling and administrative expenses (12.6 ) — — — (280.1 ) (0.5 ) (1,622.4 ) — (1,915.6 ) Operating income (loss) (12.6 ) — — — 22.7 (0.5 ) 1,089.1 — 1,098.7 Equity earnings (loss) in subsidiaries, net of tax 460.1 457.3 350.4 147.2 566.5 33.6 — (2,015.1 ) — Interest expense — — — (95.7 ) (36.2 ) (31.9 ) (2.9 ) — (166.7 ) Intercompany interest and fees (19.0 ) (0.1 ) (18.7 ) (20.9 ) (193.8 ) (1.6 ) 254.1 — — Other income/(expense), net 1.2 — 0.2 — (6.0 ) — 12.4 — 7.8 Earnings (loss) before income taxes 429.7 457.2 331.9 30.6 353.2 (0.4 ) 1,352.7 (2,015.1 ) 939.8 Benefit (provision) for income taxes 1.4 — — 42.4 (178.6 ) — (337.3 ) — (472.1 ) Earnings (loss) from continuing operations 431.1 457.2 331.9 73.0 174.6 (0.4 ) 1,015.4 (2,015.1 ) 467.7 Discontinued operations, net of tax — — — — (27.3 ) — 3.9 — (23.4 ) Net earnings (loss) 431.1 457.2 331.9 73.0 147.3 (0.4 ) 1,019.3 (2,015.1 ) 444.3 Less: Net earnings attributable to noncontrolling interests — — — — — — (13.2 ) — (13.2 ) Net earnings (loss) attributable to Ingersoll-Rand plc $ 431.1 $ 457.2 $ 331.9 $ 73.0 $ 147.3 $ (0.4 ) $ 1,006.1 $ (2,015.1 ) $ 431.1 Other comprehensive income (loss), net of tax (321.1 ) (321.8 ) (295.8 ) (94.4 ) (94.7 ) (3.6 ) (295.8 ) 1,106.1 (321.1 ) Comprehensive income (loss) attributable to Ingersoll-Rand plc $ 110.0 $ 135.4 $ 36.1 $ (21.4 ) $ 52.6 $ (4.0 ) $ 710.3 $ (909.0 ) $ 110.0 Condensed Consolidating Balance Sheet September 30, 2016 In millions Plc Irish Lux International Global New Lux Other Consolidating ASSETS Current assets: Cash and cash equivalents $ — $ — $ 0.1 $ — $ 541.3 $ 0.1 $ 963.1 $ — $ 1,504.6 Accounts and notes receivable, net — — — — 170.7 — 2,190.1 — 2,360.8 Inventories, net — — — — 202.2 — 1,353.8 — 1,556.0 Other current assets 0.2 — 5.4 10.4 105.3 — 201.6 (29.8 ) 293.1 Intercompany receivables 201.3 — 5.5 340.6 244.7 — 16,754.2 (17,546.3 ) — Total current assets 201.5 — 11.0 351.0 1,264.2 0.1 21,462.8 (17,576.1 ) 5,714.5 Property, plant and equipment, net — — — — 454.1 — 1,094.8 — 1,548.9 Goodwill and other intangible assets, net — — — — 418.8 — 9,185.5 — 9,604.3 Other noncurrent assets 0.2 — — 267.9 713.7 — 562.1 (691.7 ) 852.2 Investments in consolidated subsidiaries 12,219.5 1,155.1 15,056.1 7,252.8 15,050.1 1,689.7 — (52,423.3 ) — Intercompany notes receivable — 18,048.4 — — — — 3,851.8 (21,900.2 ) — Total assets $ 12,421.2 $ 19,203.5 $ 15,067.1 $ 7,871.7 $ 17,900.9 $ 1,689.8 $ 36,157.0 $ (92,591.3 ) $ 17,719.9 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued expenses $ 6.3 $ — $ 0.2 $ 55.5 $ 587.6 $ 17.1 $ 2,705.5 $ (29.8 ) $ 3,342.4 Short-term borrowings and current maturities of long-term debt — — — — 350.4 — 10.6 — 361.0 Intercompany payables 5,650.8 — 4,029.2 1,064.9 6,060.9 670.7 70.1 (17,546.6 ) — Total current liabilities 5,657.1 — 4,029.4 1,120.4 6,998.9 687.8 2,786.2 (17,576.4 ) 3,703.4 Long-term debt — — — 2,286.1 334.2 1,088.0 0.6 — 3,708.9 Other noncurrent liabilities — — 0.3 24.7 1,295.5 — 2,847.9 (691.9 ) 3,476.5 Intercompany notes payable — — 18,048.4 1,817.2 2,034.6 — — (21,900.2 ) — Total liabilities 5,657.1 — 22,078.1 5,248.4 10,663.2 1,775.8 5,634.7 (40,168.5 ) 10,888.8 Equity: Total equity 6,764.1 19,203.5 (7,011.0 ) 2,623.3 7,237.7 (86.0 ) 30,522.3 (52,422.8 ) 6,831.1 Total liabilities and equity $ 12,421.2 $ 19,203.5 $ 15,067.1 $ 7,871.7 $ 17,900.9 $ 1,689.8 $ 36,157.0 $ (92,591.3 ) $ 17,719.9 Condensed Consolidating Balance Sheet December 31, 2015 In millions Plc Irish Lux International Global New Lux Other Consolidating ASSETS Current assets: Cash and cash equivalents $ — $ — $ — $ 11.4 $ — $ 0.1 $ 725.3 $ — $ 736.8 Accounts and notes receivable, net — — — — 160.7 — 1,989.9 — 2,150.6 Inventories, net — — — — 192.0 — 1,218.7 — 1,410.7 Other current assets 0.1 — — 6.4 83.3 — 237.5 (16.0 ) 311.3 Intercompany receivables 136.8 — 3.3 102.2 1,413.4 — 35,404.3 (37,060.0 ) — Total current assets 136.9 — 3.3 120.0 1,849.4 0.1 39,575.7 (37,076.0 ) 4,609.4 Property, plant and equipment, net — — — — 463.0 — 1,112.1 — 1,575.1 Goodwill and other intangible assets, net — — — — 411.6 — 9,244.7 — 9,656.3 Other noncurrent assets 0.2 — — 283.8 733.4 — 568.4 (709.0 ) 876.8 Investments in consolidated subsidiaries 10,139.0 20,387.2 13,419.7 6,438.1 13,925.1 1,583.2 — (65,892.3 ) — Intercompany notes receivable — — — — — — 2,876.7 (2,876.7 ) — Total assets $ 10,276.1 $ 20,387.2 $ 13,423.0 $ 6,841.9 $ 17,382.5 $ 1,583.3 $ 53,377.6 $ (106,554.0 ) $ 16,717.6 LIABILITIES AND EQUITY Current liabilities: Accounts payable and accrued expenses 7.1 — 0.1 30.7 597.6 6.3 2,518.3 (15.9 ) 3,144.2 Short-term borrowings and current maturities of long-term debt — — — — 350.4 143.0 10.8 — 504.2 Intercompany payables 4,452.3 143.6 23,529.0 1,997.8 5,858.1 745.5 334.0 (37,060.3 ) — Total current liabilities 4,459.4 143.6 23,529.1 2,028.5 6,806.1 894.8 2,863.1 (37,076.2 ) 3,648.4 Long-term debt — — — 2,284.4 341.6 1,086.9 0.7 — 3,713.6 Other noncurrent liabilities — — — 8.3 1,367.9 — 2,809.1 (708.9 ) 3,476.4 Intercompany notes payable — — — 429.0 2,447.7 — — (2,876.7 ) — Total liabilities 4,459.4 143.6 23,529.1 4,750.2 10,963.3 1,981.7 5,672.9 (40,661.8 ) 10,838.4 Equity: Total equity 5,816.7 20,243.6 (10,106.1 ) 2,091.7 6,419.2 (398.4 ) 47,704.7 (65,892.2 ) 5,879.2 Total liabilities and equity $ 10,276.1 $ 20,387.2 $ 13,423.0 $ 6,841.9 $ 17,382.5 $ 1,583.3 $ 53,377.6 $ (106,554.0 ) $ 16,717.6 Condensed Consolidating Statement of Cash Flows For the nine months ended September 30, 2016 in millions Plc Irish Lux International Global New Lux Other Consolidating CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by (used in) continuing operating activities $ (51.3 ) $ — $ (11.4 ) $ (206.7 ) $ 569.4 $ (20.8 ) $ 729.1 $ — $ 1,008.3 Net cash provided by (used in) discontinued operating activities — — — — 99.5 — (5.4 ) — 94.1 Net cash provided by (used in) operating activities (51.3 ) — (11.4 ) (206.7 ) 668.9 (20.8 ) 723.7 — 1,102.4 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — — — (56.3 ) — (71.2 ) — (127.5 ) Acquisition of businesses, net of cash acquired — — — — (9.2 ) — — — (9.2 ) Proceeds from sale of property, plant and equipment — — — — — — 2.6 — 2.6 Proceeds from sale of Hussmann equity investment — — — — — — 422.5 — 422.5 Intercompany investing activities, net (160.2 ) (19,535.7 ) (2.4 ) (242.8 ) 65.7 243.7 (930.4 ) 20,562.1 — Net cash provided by (used in) investing activities (160.2 ) (19,535.7 ) (2.4 ) (242.8 ) 0.2 243.7 (576.5 ) 20,562.1 288.4 CASH FLOWS FROM FINANCING ACTIVITIES: Net proceeds (repayments) in debt — — — — (7.6 ) (143.0 ) — — (150.6 ) Debt issuance costs — — — (2.1 ) — — — — (2.1 ) Dividends paid to ordinary shareholders (245.6 ) — — — — — — — (245.6 ) Dividends paid to noncontrolling interests — — — — — — (13.8 ) — (13.8 ) Repurchase of ordinary shares (250.1 ) — — — — — — — (250.1 ) Other financing activities, net 30.6 — — — — — — — 30.6 Intercompany financing activities, net 676.6 19,535.7 13.9 440.2 (120.2 ) (79.9 ) 95.8 (20,562.1 ) — Net cash provided by (used in) financing activities 211.5 19,535.7 13.9 438.1 (127.8 ) (222.9 ) 82.0 (20,562.1 ) (631.6 ) Effect of exchange rate changes on cash and cash equivalents — — — — — — 8.6 — 8.6 Net increase (decrease) in cash and cash equivalents — — 0.1 (11.4 ) 541.3 — 237.8 — 767.8 Cash and cash equivalents - beginning of period — — — 11.4 — 0.1 725.3 — 736.8 Cash and cash equivalents - end of period $ — $ — $ 0.1 $ — $ 541.3 $ 0.1 $ 963.1 $ — $ 1,504.6 Condensed Consolidating Statement of Cash Flows For the nine months ended September 30, 2015 in millions Plc Irish Lux International Global New Lux Other Consolidating CASH FLOWS FROM OPERATING ACTIVITIES: Net cash provided by (used in) continuing operating activities $ (51.2 ) $ (1.2 ) $ (10.6 ) $ (93.1 ) $ (1,314.8 ) $ (14.2 ) $ 1,765.3 $ — $ 280.2 Net cash provided by (used in) discontinued operating activities — — — — (27.3 ) — 0.1 — (27.2 ) Net cash provided by (used in) operating activities (51.2 ) (1.2 ) (10.6 ) (93.1 ) (1,342.1 ) (14.2 ) 1,765.4 — 253.0 CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures — — — — (94.7 ) — (78.6 ) — (173.3 ) Acquisition of businesses, net of cash acquired — — — — (448.1 ) — (503.9 ) — (952.0 ) Proceeds from sale of property, plant and equipment — — — 0.1 0.2 — 14.5 — 14.8 Intercompany investing activities, net — 3.5 73.4 259.9 55.8 (228.0 ) (1,522.5 ) 1,357.9 — Net cash provided by (used in) investing activities — 3.5 73.4 260.0 (486.8 ) (228.0 ) (2,090.5 ) 1,357.9 (1,110.5 ) CASH FLOWS FROM FINANCING ACTIVITIES: Net proceeds (repayments) in debt — — — — (7.5 ) 355.3 (8.7 ) — 339.1 Dividends paid to ordinary shareholders (227.4 ) — — — — — — — (227.4 ) Dividends paid to noncontrolling interests — — — — — — (9.0 ) — (9.0 ) Repurchase of ordinary shares (233.4 ) — — — — — — — (233.4 ) Other financing activities, net 54.6 — — — — — — — 54.6 Intercompany financing activities, net 457.4 (2.3 ) (63.9 ) (166.9 ) 1,411.0 (112.9 ) (164.5 ) (1,357.9 ) — Net cash provided by (used in) financing activities 51.2 (2.3 ) (63.9 ) (166.9 ) 1,403.5 242.4 (182.2 ) (1,357.9 ) (76.1 ) Effect of exchange rate changes on cash and cash equivalents — — — — — — (120.1 ) — (120.1 ) Net increase (decrease) in cash and cash equivalents — — (1.1 ) — (425.4 ) 0.2 (627.4 ) — (1,053.7 ) Cash and cash equivalents - beginning of period — — 1.1 — 425.4 — 1,278.7 — 1,705.2 Cash and cash equivalents - end of period $ — $ — $ — $ — $ — $ 0.2 $ 651.3 $ — $ 651.5 |