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["Model Instructions"]

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[null,"Acquirer",null,null,null,null,null,null,null,null,null,null,null,null,"Transaction Summary"]
[null,"($Millions, except per share data)"]
[]
[]
[null,"Transaction Value",null,null,null,null,null,"Form of Payment",null,null,null,null,null,"Sources & Uses"]
[]
[null,"Price Per Share",null,null,82,null,null,"% Stock",null,null,0.5,null,null,"Excess Cash",null,null,1000]
[null,"Target Shares Outstanding",null,null,{"$f":"'Target Assumptions'!H53","v":174.5},null,null,"% Cash",null,null,{"$f":"1-K7","v":0.5},null,null,"Common Shares Issued to Target Shareholders",null,null,{"$f":"E10*K7","v":7247.3824500000001}]
[null,"Dilutive Effect: Stock Options/Security Conv",null,null,{"$f":"'Options-Convertibles'!G16+'Options-Convertibles'!G26+'Options-Convertibles'!N12","v":2.2654256097560972},null,null,null,null,null,null,null,null,"New Common Shares Issued to Public",null,null,4000]
[null,"   Equity Consideration",null,null,{"$f":"E7*(E8+E9)","v":14494.7649},null,null,"Target Preannouncement Share Price",null,null,60.75,null,null,"Convertible Preferred Equity",0,null,0]
[null,null,null,null,null,null,null,"Implied Purchase Price Premium",null,null,{"$f":"+IF(ISERROR(E7/K10-1),0,E7/K10-1)","v":0.34979423868312765},null,null,"Revolving Credit Facility",{"$f":"K23+(K25/10000)+(K27/10000)","v":4.3999999999999997E-2},null,0]
[null,"Less: Cash",null,null,{"$f":"'Target BS'!H9","v":276.3},null,null,null,"Acq. Shares",null,"            %",null,null,"Senior Debt",{"$f":"K23+(K25/10000)+(K29/10000)","v":4.9000000000000002E-2},null,{"$f":"E10+Q17-Q7-Q8-Q9-Q10-Q11-Q13","v":2882.3824500000001}]
[null,"Less: Equity in Affilates",null,null,{"$f":"'Target BS'!H24","v":0},null,null,"Current Shares Outstanding",{"$f":"'Acquirer Assumptions'!H53","v":358.1},null,{"$f":"+IF(ISERROR(I13/$I$18),0,I13/$I$18)","v":0.71059678128873149},null,null,"Subordinated Debt",0.08,null,0]
[null,"Plus: Total Debt",null,null,{"$f":"'Target BS'!H38","v":2060.9},null,null,"Shares Issued to Target Sh.",{"$f":"IF(Q8>0,(E7/O24)*(E8+E9)*K7,0)","v":93.975394839211617},null,{"$f":"+IF(ISERROR(I14/$I$18),0,I14/$I$18)","v":0.18648034932443852},null,null,"   Total Sources",null,null,{"$f":"SUM(Q7:Q13)","v":15129.764900000002}]
[null,"Plus: Noncontrolling Interests",null,null,{"$f":"'Target BS'!H50","v":0.8},null,null,"New Common Shares Issued",{"$f":"IF(Q9>0,Q9/O24,0)","v":51.867219917012449},null,{"$f":"+IF(ISERROR(I15/$I$18),0,I15/$I$18)","v":0.10292286938683001}]
[null,"Less Other Adjustments",null,null,0,null,null,"Convertible Preferred Shares",0,null,{"$f":"+IF(ISERROR(I16/$I$18),0,I16/$I$18)","v":0},null,null,"Equity Consideration",null,null,{"$f":"E10","v":14494.7649}]
[null,"   Enterprise Value",null,null,{"$f":"E10-E12-E13+E14+E15-E16","v":16280.1649},null,null,"New Warrants Issued",0,null,{"$f":"+IF(ISERROR(I17/$I$18),0,I17/$I$18)","v":0},null,null,"Transaction Expenses  ",10,null,635]
[null,null,null,null,null,null,null,"   Total Shares",{"$f":"SUM(I13:I17)","v":503.94261475622409},null,{"$f":"SUM(K13:K17)","v":1},null,null,"   Total Uses",null,null,{"$f":"Q16+Q17","v":15129.7649}]
[]
[]
[null,"Goodwill",null,null,null,null,null,"Debt",null,null,null,null,null,"Performance Fundamentals-Acquirer"]
[]
[null,"Target Tangible Book Value",null,null,{"$f":"'Target BS'!H51","v":4653.4000000000015},null,null,"5-Year Treasury Rate",null,null,1.2999999999999999E-2,null,null,null,"Current",null,{"$f":"'Newco BS'!X7","v":2020}]
[null,"Adjustments",null,null,{"$f":"'Newco BS'!I11+SUM('Newco BS'!I16:I17)","v":0},null,null,null,null,null,null,null,null,"Price per Share",77.12,null,{"$f":"+IF(ISERROR(Q26/Q25),0,Q26/Q25)","v":110.5975958024644}]
[null,"Adjusted Book Value",null,null,{"$f":"E23+E24","v":4653.4000000000015},null,null,"Swap Rate (Bps)",null,null,60,null,null,"Shares Outstanding",{"$f":"I13","v":358.1},null,{"$f":"I18","v":503.94261475622409}]
[null,"Equity Consideration",null,null,{"$f":"E10","v":14494.7649},null,null,null,null,null,null,null,null,"Market Capitalization",{"$f":"O24*O25","v":27616.672000000002},null,{"$f":"+IF(ISERROR(Q28-Q27),0,Q28-Q27)","v":55734.841614547273}]
[null,"Goodwill",null,null,{"$f":"E26-E25","v":9841.3648999999987},null,null,"Revolving Credit Facility (Bps over Treasury)",null,null,250,null,null,"Net Debt & Preferred Equity",{"$f":"'Acquirer BS'!H38+'Acquirer BS'!H46-'Acquirer BS'!H9","v":6175.9},null,{"$f":"+IF(ISERROR('Newco BS'!X39+'Newco BS'!X47-'Newco BS'!X9),0,'Newco BS'!X39+'Newco BS'!X47-'Newco BS'!X9)","v":4338.3846608847598}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Enterprise Value",{"$f":"O26+O27","v":33792.572},null,{"$f":"+IF(ISERROR(Q30*Q32),0,Q30*Q32)","v":60073.22627543204}]
[null,"Transaction Exp Amortization",null,null,{"$f":"Q17*E30/O17","v":19.05},null,null,"Senior Debt (Bps over Treasury)",null,null,300]
[null,"% of Transaction Expenses Amortized",null,null,0.3,null,null,null,null,null,null,null,null,"LTM EBITDA",{"$f":"'Acquirer IS'!H49","v":1482.0999999999997},null,{"$f":"'Newco IS'!V50","v":2634.7366712074418}]
[null,null,null,null,null,null,null,"Senor Debt Amortization (Years)",null,null,10]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Enterprise Value / LTM EBITDA",{"$f":"+IF(ISERROR(O28/O30),0,O28/O30)","v":22.80046690506714},null,{"$f":"O32","v":22.80046690506714}]
[null,null,null,null,null,null,null,"Unsecured Debt Amortization (Years)",null,null,15]
[]
[]
[]
[null,"SG&A Synergies",null,null,null,null,null,"Gross Margin Improvement",null,null,null,null,null,"Incremental Sales Synergy"]
[null,null,null,null,"$'s",null,null,null,"%",null,"$'s",null,null,null,"Gross Margin",null,"$'s"]
[null,2016,null,null,3,null,null,2016,{"$f":"+IF(ISERROR(K39/('Newco IS'!M9-Summary!Q39)),0,K39/('Newco IS'!M9-Summary!Q39))","v":2.8840664746635939E-4},null,5,null,null,{"$f":"H39","v":2016},{"$f":"+IF(ISERROR(1-'Newco Assumptions'!J12),0,1-'Newco Assumptions'!J12)","v":0.45824484256956866},null,25]
[null,{"$f":"B39+1","v":2017},null,null,5,null,null,{"$f":"H39+1","v":2017},{"$f":"+IF(ISERROR(K40/('Newco IS'!P9-Summary!Q40)),0,K40/('Newco IS'!P9-Summary!Q40))","v":5.4792521500292887E-4},null,10,null,null,{"$f":"N39+1","v":2017},{"$f":"+IF(ISERROR(1-'Newco Assumptions'!L12),0,1-'Newco Assumptions'!L12)","v":0.4616058235933207},null,75]
[null,{"$f":"B40+1","v":2018},null,null,8,null,null,{"$f":"H40+1","v":2018},{"$f":"+IF(ISERROR(K41/('Newco IS'!R9-Summary!Q41)),0,K41/('Newco IS'!R9-Summary!Q41))","v":7.807247111832051E-4},null,15,null,null,{"$f":"N40+1","v":2018},{"$f":"+IF(ISERROR(1-'Newco Assumptions'!N12),0,1-'Newco Assumptions'!N12)","v":0.46465131227041301},null,150]
[null,{"$f":"B41+1","v":2019},null,null,{"$f":"E41","v":8},null,null,{"$f":"H41+1","v":2019},{"$f":"+IF(ISERROR(K42/('Newco IS'!T9-Summary!Q42)),0,K42/('Newco IS'!T9-Summary!Q42))","v":7.4162209422470003E-4},null,{"$f":"K41","v":15},null,null,{"$f":"N41+1","v":2019},{"$f":"+IF(ISERROR(1-'Newco Assumptions'!P12),0,1-'Newco Assumptions'!P12)","v":0.4646853802243357},null,{"$f":"Q41","v":150}]
[null,{"$f":"B42+1","v":2020},null,null,{"$f":"E42","v":8},null,null,{"$f":"H42+1","v":2020},{"$f":"+IF(ISERROR(K43/('Newco IS'!V9-Summary!Q43)),0,K43/('Newco IS'!V9-Summary!Q43))","v":7.0447688357295785E-4},null,{"$f":"K42","v":15},null,null,{"$f":"N42+1","v":2020},{"$f":"++IF(ISERROR(1-'Newco Assumptions'!R12),0,1-'Newco Assumptions'!R12)","v":0.46472151298949183},null,{"$f":"Q42","v":150}]
[]
[]
[null,"Earnings per Share","Acquirer",null,"Newco",null,null,"Cash EPS","Acquirer",null,"Newco",null,null,"Accretion / (Dilution)","EPS",null,"Cash EPS"]
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[null,{"$f":"H40","v":2017},{"$f":"+IF(ISERROR('Acquirer IS'!L42),0,'Acquirer IS'!L42)","v":0.43035369492751252},null,{"$f":"+IF(ISERROR('Newco IS'!P43),0,'Newco IS'!P43)","v":0.67617671389036127},null,null,{"$f":"B49","v":2017},{"$f":"+IF(ISERROR('Acquirer IS'!L53),0,'Acquirer IS'!L53)","v":3.6339915354618593},null,{"$f":"+IF(ISERROR('Newco IS'!P54),0,'Newco IS'!P54)","v":4.774391107319655},null,null,{"$f":"B49","v":2017},{"$f":"+IF(ISERROR(E49/C49-1),0,E49/C49-1)","v":0.57121159144283506},null,{"$f":"+IF(ISERROR(K49/I49-1),0,K49/I49-1)","v":0.31381459222712738}]
[null,{"$f":"H41","v":2018},{"$f":"+IF(ISERROR('Acquirer IS'!N42),0,'Acquirer IS'!N42)","v":0.32153193341325459},null,{"$f":"+IF(ISERROR('Newco IS'!R43),0,'Newco IS'!R43)","v":0.97964283946658592},null,null,{"$f":"B50","v":2018},{"$f":"+IF(ISERROR('Acquirer IS'!N53),0,'Acquirer IS'!N53)","v":3.661525046161886},null,{"$f":"+IF(ISERROR('Newco IS'!R54),0,'Newco IS'!R54)","v":5.2283112612592806},null,null,{"$f":"B50","v":2018},{"$f":"+IF(ISERROR(E50/C50-1),0,E50/C50-1)","v":2.0467979620782573},null,{"$f":"+IF(ISERROR(K50/I50-1),0,K50/I50-1)","v":0.42790536602767304}]
[null,{"$f":"H42","v":2019},{"$f":"+IF(ISERROR('Acquirer IS'!P42),0,'Acquirer IS'!P42)","v":0.18734679604906496},null,{"$f":"+IF(ISERROR('Newco IS'!T43),0,'Newco IS'!T43)","v":1.0252871410688413},null,null,{"$f":"B51","v":2019},{"$f":"+IF(ISERROR('Acquirer IS'!P53),0,'Acquirer IS'!P53)","v":3.6707856551671223},null,{"$f":"+IF(ISERROR('Newco IS'!T54),0,'Newco IS'!T54)","v":5.4819672348097246},null,null,{"$f":"B51","v":2019},{"$f":"IF(ISERROR(E51/C51-1),0,E51/C51-1)","v":4.4726697370384976},null,{"$f":"+IF(ISERROR(K51/I51-1),0,K51/I51-1)","v":0.4934043416817655}]
[null,{"$f":"H43","v":2020},{"$f":"+IF(ISERROR('Acquirer IS'!R42),0,'Acquirer IS'!R42)","v":2.5132833748513037E-2},null,{"$f":"+IF(ISERROR('Newco IS'!V43),0,'Newco IS'!V43)","v":1.0537903767664842},null,null,{"$f":"B52","v":2020},{"$f":"+IF(ISERROR('Acquirer IS'!R53),0,'Acquirer IS'!R53)","v":3.659476618047206},null,{"$f":"+IF(ISERROR('Newco IS'!V54),0,'Newco IS'!V54)","v":5.6770147895109799},null,null,{"$f":"B52","v":2020},{"$f":"+IF(ISERROR(E52/C52-1),0,E52/C52-1)","v":40.928832510931279},null,{"$f":"+IF(ISERROR(K52/I52-1),0,K52/I52-1)","v":0.55131877643759508}]
[]
[]
[null,"Valuation","           Present Value $'s",null,null,null,null,"Total Debt to Total Capital",null,null,null,null,null,"Interest Coverage (EBITDA to Interest Expense"]
[null,null,null,null,null,null,null,"Industry Average",null,null,"Newco",null,null,"Industry Average",null,null,"Newco"]
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[null,"Synergies",null,null,{"$f":"E59-SUM(E57:E58)","v":7387.5093547517172},null,null,"2019P",37.799999999999997,null,{"$f":"+IF(ISERROR('Newco BS'!V39/('Newco BS'!V52+'Newco BS'!V39)),0,'Newco BS'!V39/('Newco BS'!V52+'Newco BS'!V39))","v":0.21927445889834132},null,null,"2019P",3.8,null,{"$f":"+IF(ISERROR(('Newco IS'!T21+'Newco IS'!T18+'Newco IS'!T19)/'Newco IS'!T27),0,('Newco IS'!T21+'Newco IS'!T18+'Newco IS'!T19)/'Newco IS'!T27)","v":6.4086783178987776}]
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[]
[null,"SG&A as a % of Incremental Sales",null,null,0.1]

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["($Millions, except per share data)"]
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[null,null,null,"Actual",null,null,null,null,null,"Projections for the Period Ending December 31,"]
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[]
[null,"Income Statement"]
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[null,"Sales Growth",null,"NA",null,{"$f":"+IF(ISERROR('Target IS'!F9/'Target IS'!D9-1),0,'Target IS'!F9/'Target IS'!D9-1)","v":5.2283938574733124E-2},null,{"$f":"+IF(ISERROR('Target IS'!H9/'Target IS'!F9-1),0,'Target IS'!H9/'Target IS'!F9-1)","v":4.8414863469025571E-2},null,5.5E-2,null,{"$f":"J10","v":5.5E-2},null,{"$f":"L10","v":5.5E-2},null,5.5E-2,null,5.5E-2]
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[null,"SG&A % annual increase (decrease)",null,"NA",null,{"$f":"+IF(ISERROR('Target IS'!F15/'Target IS'!D15-1),0,'Target IS'!F15/'Target IS'!D15-1)","v":-1.3878029710711504E-2},null,{"$f":"+IF(ISERROR('Target IS'!H15/'Target IS'!F15-1),0,'Target IS'!H15/'Target IS'!F15-1)","v":4.5193260654112999E-2},null,0.04,null,0.04,null,0.04,null,0.04,null,0.04]
[null,"Other Operating Expense as a % of Sales",null,{"$f":"+IF(ISERROR('Target IS'!D16/'Target IS'!D9),0,'Target IS'!D16/'Target IS'!D9)","v":0.13118363479278727},{"$f":"+IF(ISERROR('Target IS'!E16/'Target IS'!E9),0,'Target IS'!E16/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR('Target IS'!F16/'Target IS'!F9),0,'Target IS'!F16/'Target IS'!F9)","v":0.12003072277988187},{"$f":"+IF(ISERROR('Target IS'!G16/'Target IS'!G9),0,'Target IS'!G16/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR('Target IS'!H16/'Target IS'!H9),0,'Target IS'!H16/'Target IS'!H9)","v":0.10473664266767714},null,0.11,null,0.11,null,0.11,null,0.11,null,0.11]
[null,"Income from Affiliates Growth",null,"NA",null,{"$f":"IF('Target IS'!D23=0,0,'Target IS'!F23/'Target IS'!D23-1)","v":0},null,{"$f":"IF('Target IS'!F23=0,0,'Target IS'!H23/'Target IS'!F23-1)","v":0},null,0,null,0,null,{"$f":"L14","v":0},null,{"$f":"N14","v":0},null,{"$f":"P14","v":0}]
[null,"Noncontrolling Interest - % of Earnings",null,{"$f":"+IF(ISERROR('Target IS'!D30/('Target IS'!D28-'Target IS'!D31)),0,'Target IS'!D30/('Target IS'!D28-'Target IS'!D31))","v":0},{"$f":"+IF(ISERROR('Target IS'!E30/('Target IS'!E28-'Target IS'!E31)),0,'Target IS'!E30/('Target IS'!E28-'Target IS'!E31))","v":0},{"$f":"+IF(ISERROR('Target IS'!F30/('Target IS'!F28-'Target IS'!F31)),0,'Target IS'!F30/('Target IS'!F28-'Target IS'!F31))","v":0},{"$f":"+IF(ISERROR('Target IS'!G30/('Target IS'!G28-'Target IS'!G31)),0,'Target IS'!G30/('Target IS'!G28-'Target IS'!G31))","v":0},{"$f":"+IF(ISERROR('Target IS'!H30/('Target IS'!H28-'Target IS'!H31)),0,'Target IS'!H30/('Target IS'!H28-'Target IS'!H31))","v":0},null,0,null,0,null,{"$f":"L15","v":0},null,{"$f":"N15","v":0},null,{"$f":"P15","v":0}]
[null,"EBITDA Growth",null,"NA",null,{"$f":"+IF(ISERROR('Target IS'!F49/'Target IS'!D49-1),0,'Target IS'!F49/'Target IS'!D49-1)","v":5.8150931068278844E-2},{"$f":"+IF(ISERROR('Target IS'!G49/'Target IS'!E49-1),0,'Target IS'!G49/'Target IS'!E49-1)","v":0},{"$f":"+IF(ISERROR('Target IS'!H49/'Target IS'!F49-1),0,'Target IS'!H49/'Target IS'!F49-1)","v":0.27384995368941012},{"$f":"+IF(ISERROR('Target IS'!I49/'Target IS'!G49-1),0,'Target IS'!I49/'Target IS'!G49-1)","v":0},{"$f":"+IF(ISERROR('Target IS'!J49/'Target IS'!H49-1),0,'Target IS'!J49/'Target IS'!H49-1)","v":-1.1196679592823111E-3},null,{"$f":"+IF(ISERROR('Target IS'!L49/'Target IS'!J49-1),0,'Target IS'!L49/'Target IS'!J49-1)","v":7.4959041634170553E-2},null,{"$f":"+IF(ISERROR('Target IS'!N49/'Target IS'!L49-1),0,'Target IS'!N49/'Target IS'!L49-1)","v":7.4309948096237921E-2},null,{"$f":"+IF(ISERROR('Target IS'!P49/'Target IS'!N49-1),0,'Target IS'!P49/'Target IS'!N49-1)","v":7.3693251473353039E-2},null,{"$f":"+IF(ISERROR('Target IS'!R49/'Target IS'!P49-1),0,'Target IS'!R49/'Target IS'!P49-1)","v":7.3106644058356096E-2}]
[null,"EBITDA Margin",null,{"$f":"+IF(ISERROR('Target IS'!D49/'Target IS'!D9),0,'Target IS'!D49/'Target IS'!D9)","v":0.17061954795016859},{"$f":"+IF(ISERROR('Target IS'!E49/'Target IS'!E9),0,'Target IS'!E49/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR('Target IS'!F49/'Target IS'!F9),0,'Target IS'!F49/'Target IS'!F9)","v":0.17157083454723632},{"$f":"+IF(ISERROR('Target IS'!G49/'Target IS'!G9),0,'Target IS'!G49/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR('Target IS'!H49/'Target IS'!H9),0,'Target IS'!H49/'Target IS'!H9)","v":0.20846280156624988},{"$f":"+IF(ISERROR('Target IS'!I49/'Target IS'!I9),0,'Target IS'!I49/'Target IS'!I9)","v":0},{"$f":"+IF(ISERROR('Target IS'!J49/'Target IS'!J9),0,'Target IS'!J49/'Target IS'!J9)","v":0.19737383170297057},null,{"$f":"+IF(ISERROR('Target IS'!L49/'Target IS'!L9),0,'Target IS'!L49/'Target IS'!L9)","v":0.20110785305316523},null,{"$f":"+IF(ISERROR('Target IS'!N49/'Target IS'!N9),0,'Target IS'!N49/'Target IS'!N9)","v":0.20478878405240925},null,{"$f":"+IF(ISERROR('Target IS'!P49/'Target IS'!P9),0,'Target IS'!P49/'Target IS'!P9)","v":0.20841737953981576},null,{"$f":"+IF(ISERROR('Target IS'!R49/'Target IS'!R9),0,'Target IS'!R49/'Target IS'!R9)","v":0.21199438362218809}]
[]
[null,"Balance Sheet"]
[]
[null,"Receivable Days",null,{"$f":"+IF(ISERROR(('Target BS'!D10/'Target IS'!D9)*365),0,('Target BS'!D10/'Target IS'!D9)*365)","v":59.763523870572172},{"$f":"+IF(ISERROR(('Target BS'!E10/'Target IS'!E9)*365),0,('Target BS'!E10/'Target IS'!E9)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!F10/'Target IS'!F9)*365),0,('Target BS'!F10/'Target IS'!F9)*365)","v":61.579309796858865},{"$f":"+IF(ISERROR(('Target BS'!G10/'Target IS'!G9)*365),0,('Target BS'!G10/'Target IS'!G9)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!H10/'Target IS'!H9)*365),0,('Target BS'!H10/'Target IS'!H9)*365)","v":64.295692812934192},null,59,null,{"$f":"J21","v":59},null,{"$f":"L21","v":59},null,59,null,59]
[null,"Inventory Days",null,{"$f":"+IF(ISERROR(('Target BS'!D11/'Target IS'!D11)*365),0,('Target BS'!D11/'Target IS'!D11)*365)","v":79.575910931174093},{"$f":"+IF(ISERROR(('Target BS'!E11/'Target IS'!E11)*365),0,('Target BS'!E11/'Target IS'!E11)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!F11/'Target IS'!F11)*365),0,('Target BS'!F11/'Target IS'!F11)*365)","v":82.808128714654487},{"$f":"+IF(ISERROR(('Target BS'!G11/'Target IS'!G11)*365),0,('Target BS'!G11/'Target IS'!G11)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!H11/'Target IS'!H11)*365),0,('Target BS'!H11/'Target IS'!H11)*365)","v":88.502794303226977},null,84,null,84,null,84,null,84,null,84]
[null,"Other Current Assets % of Sales",null,{"$f":"+IF(ISERROR('Target BS'!D12/'Target IS'!D9),0,'Target BS'!D12/'Target IS'!D9)","v":7.8314428248933976E-2},{"$f":"+IF(ISERROR('Target BS'!E12/'Target IS'!E9),0,'Target BS'!E12/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR('Target BS'!F12/'Target IS'!F9),0,'Target BS'!F12/'Target IS'!F9)","v":5.2069814868766058E-2},{"$f":"+IF(ISERROR('Target BS'!G12/'Target IS'!G9),0,'Target BS'!G12/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR('Target BS'!H12/'Target IS'!H9),0,'Target BS'!H12/'Target IS'!H9)","v":6.2675255778704059E-2},null,5.5E-2,null,5.5E-2,null,5.5E-2,null,5.5E-2,null,5.5E-2]
[null,"Accounts Payable Days",null,{"$f":"+IF(ISERROR(('Target BS'!D29/'Target IS'!D11)*365),0,('Target BS'!D29/'Target IS'!D11)*365)","v":42.952766531713898},{"$f":"+IF(ISERROR(('Target BS'!E29/'Target IS'!E11)*365),0,('Target BS'!E29/'Target IS'!E11)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!F29/'Target IS'!F11)*365),0,('Target BS'!F29/'Target IS'!F11)*365)","v":39.092273518640816},{"$f":"+IF(ISERROR(('Target BS'!G29/'Target IS'!G11)*365),0,('Target BS'!G29/'Target IS'!G11)*365)","v":0},{"$f":"+IF(ISERROR(('Target BS'!H29/'Target IS'!H11)*365),0,('Target BS'!H29/'Target IS'!H11)*365)","v":40.928429781864075},null,40,null,40,null,40,null,40,null,40]
[null,"Other Current Liabilities % of COGS",null,{"$f":"+IF(ISERROR('Target BS'!D30/'Target IS'!D11),0,'Target BS'!D30/'Target IS'!D11)","v":0.65587044534412964},{"$f":"+IF(ISERROR('Target BS'!E30/'Target IS'!E11),0,'Target BS'!E30/'Target IS'!E11)","v":0},{"$f":"+IF(ISERROR('Target BS'!F30/'Target IS'!F11),0,'Target BS'!F30/'Target IS'!F11)","v":0.79119889535930832},{"$f":"+IF(ISERROR('Target BS'!G30/'Target IS'!G11),0,'Target BS'!G30/'Target IS'!G11)","v":0},{"$f":"+IF(ISERROR('Target BS'!H30/'Target IS'!H11),0,'Target BS'!H30/'Target IS'!H11)","v":0.60441079262063591},null,0.68,null,0.68,null,0.68,null,0.68,null,0.68]
[null,"Change in Other Assets",null,"NA",null,{"$f":"'Target BS'!F25-'Target BS'!D25","v":-36.599999999999994},null,{"$f":"'Target BS'!H25-'Target BS'!F25","v":-4.3999999999999915},null,0,null,0,null,{"$f":"L26","v":0},null,{"$f":"N26","v":0},null,{"$f":"P26","v":0}]
[null,"Change in Other LT Liabilities",null,"NA",null,{"$f":"'Target BS'!F41-'Target BS'!D41","v":-231.99999999999989},null,{"$f":"'Target BS'!H41-'Target BS'!F41","v":59.799999999999955},null,0,null,0,null,{"$f":"L27","v":0},null,{"$f":"N27","v":0},null,{"$f":"P27","v":0}]
[null,"Working Capital/Sales (Excl Cash & Debt)",null,{"$f":"+IF(ISERROR((SUM('Target BS'!D10:D12)-SUM('Target BS'!D29:D30))/'Target IS'!D9),0,(SUM('Target BS'!D10:D12)-SUM('Target BS'!D29:D30))/'Target IS'!D9)","v":1.2597196287728832E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!E10:E12)-SUM('Target BS'!E29:E30))/'Target IS'!E9),0,(SUM('Target BS'!E10:E12)-SUM('Target BS'!E29:E30))/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!F10:F12)-SUM('Target BS'!F29:F30))/'Target IS'!F9),0,(SUM('Target BS'!F10:F12)-SUM('Target BS'!F29:F30))/'Target IS'!F9)","v":-7.54297216410202E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!G10:G12)-SUM('Target BS'!G29:G30))/'Target IS'!G9),0,(SUM('Target BS'!G10:G12)-SUM('Target BS'!G29:G30))/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!H10:H12)-SUM('Target BS'!H29:H30))/'Target IS'!H9),0,(SUM('Target BS'!H10:H12)-SUM('Target BS'!H29:H30))/'Target IS'!H9)","v":3.9535177466211893E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!I10:I12)-SUM('Target BS'!I29:I30))/'Target IS'!I9),0,(SUM('Target BS'!I10:I12)-SUM('Target BS'!I29:I30))/'Target IS'!I9)","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!J10:J12)-SUM('Target BS'!J29:J30))/'Target IS'!J9),0,(SUM('Target BS'!J10:J12)-SUM('Target BS'!J29:J30))/'Target IS'!J9)","v":-2.3920547945205487E-2},null,{"$f":"+IF(ISERROR((SUM('Target BS'!L10:L12)-SUM('Target BS'!L29:L30))/'Target IS'!L9),0,(SUM('Target BS'!L10:L12)-SUM('Target BS'!L29:L30))/'Target IS'!L9)","v":-2.3920547945205498E-2},null,{"$f":"+IF(ISERROR((SUM('Target BS'!N10:N12)-SUM('Target BS'!N29:N30))/'Target IS'!N9),0,(SUM('Target BS'!N10:N12)-SUM('Target BS'!N29:N30))/'Target IS'!N9)","v":-2.3920547945205487E-2},null,{"$f":"+IF(ISERROR((SUM('Target BS'!P10:P12)-SUM('Target BS'!P29:P30))/'Target IS'!P9),0,(SUM('Target BS'!P10:P12)-SUM('Target BS'!P29:P30))/'Target IS'!P9)","v":-2.3920547945205477E-2},null,{"$f":"+IF(ISERROR((SUM('Target BS'!R10:R12)-SUM('Target BS'!R29:R30))/'Target IS'!R9),0,(SUM('Target BS'!R10:R12)-SUM('Target BS'!R29:R30))/'Target IS'!R9)","v":-2.3920547945205504E-2}]
[]
[null,"Cash Flow"]
[]
[null,"Capital Expenditures",null,26.7,null,13.8,null,10.3,null,{"$f":"J33*'Target IS'!J9","v":16.70487},null,{"$f":"L33*'Target IS'!L9","v":17.623637849999998},null,{"$f":"N33*'Target IS'!N9","v":18.592937931750001},null,{"$f":"P33*'Target IS'!P9","v":19.61554951799625},null,{"$f":"R33*'Target IS'!R9","v":20.694404741486039}]
[null,"Capex as a % of Sales",null,{"$f":"+IF(ISERROR(D32/'Target IS'!D9),0,D32/'Target IS'!D9)","v":7.4412641788132996E-3},{"$f":"+IF(ISERROR(E32/'Target IS'!E9),0,E32/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR(F32/'Target IS'!F9),0,F32/'Target IS'!F9)","v":3.6549513997404456E-3},{"$f":"+IF(ISERROR(G32/'Target IS'!G9),0,G32/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR(H32/'Target IS'!H9),0,H32/'Target IS'!H9)","v":2.6019957054439816E-3},null,4.0000000000000001E-3,null,{"$f":"J33","v":4.0000000000000001E-3},null,{"$f":"L33","v":4.0000000000000001E-3},null,{"$f":"N33","v":4.0000000000000001E-3},null,{"$f":"P33","v":4.0000000000000001E-3}]
[null,"Depreciation",null,123,null,123.6,null,126,null,{"$f":"J35*'Target IS'!J9","v":133.63896},{"$f":"K35*'Target IS'!K9","v":0},{"$f":"L35*'Target IS'!L9","v":140.98910279999998},null,{"$f":"N35*'Target IS'!N9","v":148.74350345400001},null,{"$f":"P35*'Target IS'!P9","v":156.92439614397},null,{"$f":"R35*'Target IS'!R9","v":165.55523793188831}]
[null,"Depreciation as a % of Sales",null,{"$f":"+IF(ISERROR(D34/'Target IS'!D9),0,D34/'Target IS'!D9)","v":3.427998104846576E-2},{"$f":"+IF(ISERROR(E34/'Target IS'!E9),0,E34/'Target IS'!E9)","v":0},{"$f":"+IF(ISERROR(F34/'Target IS'!F9),0,F34/'Target IS'!F9)","v":3.273565166724051E-2},{"$f":"+IF(ISERROR(G34/'Target IS'!G9),0,G34/'Target IS'!G9)","v":0},{"$f":"+IF(ISERROR(H34/'Target IS'!H9),0,H34/'Target IS'!H9)","v":3.1830238726790451E-2},null,3.2000000000000001E-2,null,{"$f":"J35","v":3.2000000000000001E-2},null,{"$f":"L35","v":3.2000000000000001E-2},null,{"$f":"N35","v":3.2000000000000001E-2},null,{"$f":"P35","v":3.2000000000000001E-2}]
[null,"Goodwill Amortization (Pre-6/2001)",null,0,null,0,null,0,null,0,null,{"$f":"J36","v":0},null,{"$f":"L36","v":0},null,{"$f":"N36","v":0},null,{"$f":"P36","v":0}]
[null,"Amortization of Intangibles",null,299.60000000000002,null,313.89999999999998,null,302.89999999999998,null,300,null,300,null,300,null,300,null,300]
[null,"Retirement of Senior Debt",null,2320.1999999999998,null,350.4,null,450,null,300,null,300,null,300,null,300,null,300]
[null,"Retirement of Subordinated Debt",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Chg in Deferred Taxes - Asset",null,"NA",null,{"$f":"'Target BS'!F23-'Target BS'!D23","v":2},null,{"$f":"'Target BS'!H23-'Target BS'!F23","v":-5.8000000000000007},null,0,null,0,null,0,null,0,null,0]
[null,"Chg in Deferred Taxes - Liab",null,"NA",null,{"$f":"'Target BS'!F40-'Target BS'!D40","v":-147.39999999999998},null,{"$f":"'Target BS'!H40-'Target BS'!F40","v":-123.20000000000005},null,0,null,0,null,0,null,0,null,0]
[null,"Dividend from Affiliates",null,0,null,0,null,0,null,0,null,{"$f":"L43*-'Target IS'!L23","v":0},null,{"$f":"N43*-'Target IS'!N23","v":0},null,{"$f":"P43*-'Target IS'!P23","v":0},null,{"$f":"R43*-'Target IS'!R23","v":0}]
[null,"Payout Ratio of Affiliates",null,{"$f":"IF('Target IS'!D23=0,0,D42/-'Target IS'!D23)","v":0},null,{"$f":"IF('Target IS'!F23=0,0,F42/-'Target IS'!F23)","v":0},null,{"$f":"IF('Target IS'!H23=0,0,H42/-'Target IS'!H23)","v":0},null,0,null,{"$f":"J43","v":0},null,{"$f":"L43","v":0},null,{"$f":"N43","v":0},null,{"$f":"P43","v":0}]
[null,"Dividends per Share",null,0,null,0,null,0,null,0,null,{"$f":"IF(L45=0,0,L45*'Target IS'!L53)","v":0},null,{"$f":"IF(N45=0,0,N45*'Target IS'!N53)","v":0},null,{"$f":"IF(P45=0,0,P45*'Target IS'!P53)","v":0},null,{"$f":"IF(R45=0,0,R45*'Target IS'!R53)","v":0}]
[null,"Dividend Payout Ratio",null,0,null,{"$f":"+IF(ISERROR(F44/'Target IS'!F53),0,F44/'Target IS'!F53)","v":0},{"$f":"+IF(ISERROR(G44/'Target IS'!G53),0,G44/'Target IS'!G53)","v":0},{"$f":"+IF(ISERROR(H44/'Target IS'!H53),0,H44/'Target IS'!H53)","v":0},null,0,null,{"$f":"J45","v":0},null,{"$f":"L45","v":0},null,{"$f":"N45","v":0},null,{"$f":"P45","v":0}]
[null,"Dividends Paid",null,{"$f":"D44*D52","v":0},null,{"$f":"F44*F52","v":0},null,{"$f":"H44*H52","v":0},null,{"$f":"J44*J52","v":0},null,{"$f":"L44*L52","v":0},null,{"$f":"N44*N52","v":0},null,{"$f":"P44*P52","v":0},null,{"$f":"R44*R52","v":0}]
[null,"Effective Tax Rate",null,{"$f":"+IF(ISERROR('Target IS'!D31/'Target IS'!D28),0,'Target IS'!D31/'Target IS'!D28)","v":3.388297872340444},{"$f":"+IF(ISERROR('Target IS'!E31/'Target IS'!E28),0,'Target IS'!E31/'Target IS'!E28)","v":0},{"$f":"+IF(ISERROR('Target IS'!F31/'Target IS'!F28),0,'Target IS'!F31/'Target IS'!F28)","v":2.4490291262135813},{"$f":"+IF(ISERROR('Target IS'!G31/'Target IS'!G28),0,'Target IS'!G31/'Target IS'!G28)","v":0},{"$f":"+IF(ISERROR('Target IS'!H31/'Target IS'!H28),0,'Target IS'!H31/'Target IS'!H28)","v":0.38569798402434358},null,0.4,null,{"$f":"J47","v":0.4},null,{"$f":"L47","v":0.4},null,{"$f":"N47","v":0.4},null,{"$f":"P47","v":0.4}]
[null,"Marginal Tax Rate",null,0.38,null,{"$f":"D48","v":0.38},null,{"$f":"F48","v":0.38},null,0.4,null,{"$f":"J48","v":0.4},null,{"$f":"L48","v":0.4},null,{"$f":"N48","v":0.4},null,{"$f":"P48","v":0.4}]
[]
[null,"Other"]
[]
[null,"Shares Outstanding - Basic",null,0,null,0,null,170.8,null,170.8,null,{"$f":"J52","v":170.8},null,{"$f":"L52","v":170.8},null,{"$f":"N52","v":170.8},null,{"$f":"P52","v":170.8}]
[null,"Shares Outstanding - Diluted",null,0,null,0,null,174.5,null,174.5,null,{"$f":"J53","v":174.5},null,{"$f":"L53","v":174.5},null,{"$f":"N53","v":174.5},null,{"$f":"P53","v":174.5}]
[null,"Revolving Credit Facility Rate",null,0,null,0,null,0,null,0.02,null,{"$f":"J54","v":0.02},null,{"$f":"L54","v":0.02},null,{"$f":"N54","v":0.02},null,{"$f":"P54","v":0.02}]
[null,"Senior Debt Rate",null,0,null,0,null,0,null,0.05,null,{"$f":"J55","v":0.05},null,{"$f":"L55","v":0.05},null,{"$f":"N55","v":0.05},null,{"$f":"P55","v":0.05}]
[null,"Subordinated Debt",null,0,null,0,null,0,null,0.08,null,{"$f":"J56","v":0.08},null,{"$f":"L56","v":0.08},null,{"$f":"N56","v":0.08},null,{"$f":"P56","v":0.08}]
[null,"Average Interest Rate",null,"NA",null,{"$f":"IF(AVERAGE('Target BS'!D38:F38)=0,0,'Target IS'!F26/AVERAGE('Target BS'!D38:F38))","v":6.4513561379420145E-2},null,{"$f":"IF(AVERAGE('Target BS'!F38:H38)=0,0,'Target IS'!H26/AVERAGE('Target BS'!F38:H38))","v":5.6853117973661264E-2},null,{"$f":"IF(AVERAGE('Target BS'!H38:J38)=0,0,'Target IS'!J26/AVERAGE('Target BS'!H38:J38))","v":0.05},null,{"$f":"IF(AVERAGE('Target BS'!J38:L38)=0,0,'Target IS'!L26/AVERAGE('Target BS'!J38:L38))","v":5.000000000000001E-2},null,{"$f":"IF(AVERAGE('Target BS'!L38:N38)=0,0,'Target IS'!N26/AVERAGE('Target BS'!L38:N38))","v":4.9999999999999996E-2},null,{"$f":"IF(AVERAGE('Target BS'!N38:P38)=0,0,'Target IS'!P26/AVERAGE('Target BS'!N38:P38))","v":0.05},null,{"$f":"IF(AVERAGE('Target BS'!P38:R38)=0,0,'Target IS'!R26/AVERAGE('Target BS'!P38:R38))","v":0.05}]
[null,"Marketable Securities Rate",null,0,null,0,null,0,null,0,null,{"$f":"J58","v":0},null,{"$f":"L58","v":0},null,{"$f":"N58","v":0},null,{"$f":"P58","v":0}]

{"sheet":"Target IS","index":3,"n_rows":57,"n_cols":22,"rows_kept":57,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Target Assumptions'!A1","v":"Target"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Income Statement"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,{"$f":"'Target Assumptions'!D5","v":"Actual"},null,null,null,null,null,{"$f":"'Target Assumptions'!J5","v":"Projections for the Period Ending December 31,"},null,null,null,null,null,null,null,null,null,null,1," 0 = circ off"]
[null,null,null,{"$f":"'Target Assumptions'!D6","v":2013},null,{"$f":"'Target Assumptions'!F6","v":2014},null,{"$f":"'Target Assumptions'!H6","v":2015},null,{"$f":"'Target Assumptions'!J6","v":2016},null,{"$f":"'Target Assumptions'!L6","v":2017},null,{"$f":"'Target Assumptions'!N6","v":2018},null,{"$f":"'Target Assumptions'!P6","v":2019},null,{"$f":"'Target Assumptions'!R6","v":2020},null,null,null," 1 = circ on"]
[]
[null,"Sales",null,3588.1,null,3775.7,null,3958.5,null,{"$f":"H9*(1+'Target Assumptions'!J10)","v":4176.2174999999997},null,{"$f":"J9*(1+'Target Assumptions'!L10)","v":4405.9094624999998},null,{"$f":"L9*(1+'Target Assumptions'!N10)","v":4648.2344829374997},null,{"$f":"N9*(1+'Target Assumptions'!P10)","v":4903.8873794990623},null,{"$f":"P9*(1+'Target Assumptions'!R10)","v":5173.6011853715099}]
[]
[null,"  Cost of Goods Sold",null,{"$f":"1188.2+293.8","v":1482},null,{"$f":"1357+308.7","v":1665.7},null,{"$f":"1372.3+291.8","v":1664.1},null,{"$f":"J9*'Target Assumptions'!J11","v":1795.7735249999998},null,{"$f":"L9*'Target Assumptions'!L11","v":1894.5410688749998},null,{"$f":"N9*'Target Assumptions'!N11","v":1998.7408276631249},null,{"$f":"P9*'Target Assumptions'!P11","v":2108.6715731845966},null,{"$f":"R9*'Target Assumptions'!R11","v":2224.6485097097493}]
[]
[null,"Gross Profit",null,{"$f":"D9-D11","v":2106.1},null,{"$f":"F9-F11","v":2110},null,{"$f":"H9-H11","v":2294.4},null,{"$f":"J9-J11","v":2380.4439750000001},null,{"$f":"L9-L11","v":2511.368393625},null,{"$f":"N9-N11","v":2649.4936552743748},null,{"$f":"P9-P11","v":2795.2158063144657},null,{"$f":"R9-R11","v":2948.9526756617606}]
[]
[null,"  SG&A",null,1023.2,1009,1009,null,1054.5999999999999,null,{"$f":"H15*(1+'Target Assumptions'!J12)","v":1096.7839999999999},null,{"$f":"J15*(1+'Target Assumptions'!L12)","v":1140.65536},null,{"$f":"L15*(1+'Target Assumptions'!N12)","v":1186.2815744},null,{"$f":"N15*(1+'Target Assumptions'!P12)","v":1233.7328373759999},null,{"$f":"P15*(1+'Target Assumptions'!R12)","v":1283.0821508710399}]
[null,"  Other Operating Expense",null,{"$f":"375.5+1.7+93.5","v":470.7},null,{"$f":"377.9+75.3","v":453.2},null,{"$f":"341.9+72.7","v":414.59999999999997},null,{"$f":"J9*'Target Assumptions'!J13","v":459.38392499999998},null,{"$f":"L9*'Target Assumptions'!L13","v":484.650040875},null,{"$f":"N9*'Target Assumptions'!N13","v":511.30579312312494},null,{"$f":"P9*'Target Assumptions'!P13","v":539.42761174489681},null,{"$f":"R9*'Target Assumptions'!R13","v":569.09613039086605}]
[null,"  Depreciation",null,{"$f":"'Target Assumptions'!D34","v":123},{"$f":"'Target Assumptions'!E34","v":0},{"$f":"'Target Assumptions'!F34","v":123.6},null,{"$f":"'Target Assumptions'!H34","v":126},null,{"$f":"'Target Assumptions'!J34","v":133.63896},null,{"$f":"'Target Assumptions'!L34","v":140.98910279999998},null,{"$f":"'Target Assumptions'!N34","v":148.74350345400001},null,{"$f":"'Target Assumptions'!P34","v":156.92439614397},null,{"$f":"'Target Assumptions'!R34","v":165.55523793188831}]
[null,"  Amortization",null,{"$f":"'Target Assumptions'!D36+'Target Assumptions'!D37","v":299.60000000000002},null,{"$f":"'Target Assumptions'!F36+'Target Assumptions'!F37","v":313.89999999999998},null,{"$f":"'Target Assumptions'!H36+'Target Assumptions'!H37","v":302.89999999999998},null,{"$f":"'Target Assumptions'!J36+'Target Assumptions'!J37","v":300},null,{"$f":"'Target Assumptions'!L36+'Target Assumptions'!L37","v":300},null,{"$f":"'Target Assumptions'!N36+'Target Assumptions'!N37","v":300},null,{"$f":"'Target Assumptions'!P36+'Target Assumptions'!P37","v":300},null,{"$f":"'Target Assumptions'!R36+'Target Assumptions'!R37","v":300}]
[]
[null,"EBIT",null,{"$f":"D13-SUM(D15:D18)","v":189.59999999999991},null,{"$f":"F13-SUM(F15:F18)","v":210.30000000000018},null,{"$f":"H13-SUM(H15:H18)","v":396.30000000000018},null,{"$f":"J13-SUM(J15:J18)","v":390.6370900000004},null,{"$f":"L13-SUM(L15:L18)","v":445.07388995000019},null,{"$f":"N13-SUM(N15:N18)","v":503.1627842972498},null,{"$f":"P13-SUM(P15:P18)","v":565.13096104959868},null,{"$f":"R13-SUM(R15:R18)","v":631.21915646796651}]
[]
[null,"  Unusual (Gain) Loss",null,-37.200000000000003,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"  (Income) from Affiliates",null,null,null,0,null,0,null,{"$f":"H23*(1+'Target Assumptions'!J14)","v":0},null,{"$f":"J23*(1+'Target Assumptions'!L14)","v":0},null,{"$f":"L23*(1+'Target Assumptions'!N14)","v":0},null,{"$f":"N23*(1+'Target Assumptions'!P14)","v":0},null,{"$f":"P23*(1+'Target Assumptions'!R14)","v":0}]
[null,"  Other Expense (Income)",null,{"$f":"5.9+54.1","v":60},null,10.9,null,11.9,null,0,null,0,null,0,null,0,null,0]
[null,"  Interest (Income)",null,-4.3,null,-3.9,2.4,-2.4,null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!J58*AVERAGE('Target BS'!H9:J9))","v":0},null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!L58*AVERAGE('Target BS'!J9:L9))","v":0},null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!N58*AVERAGE('Target BS'!L9:N9))","v":0},null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!P58*AVERAGE('Target BS'!N9:P9))","v":0},null,{"$f":"IF($U$6=0,0,-'Target Assumptions'!R58*AVERAGE('Target BS'!P9:R9))","v":0}]
[null,"  Interest Expense",null,152.30000000000001,null,162.1,null,123.9,null,{"$f":"IF($U$6=0,0,'Target Assumptions'!J54*AVERAGE('Target BS'!H34:J34)+'Target Assumptions'!J55*AVERAGE('Target BS'!H35:J35)+'Target Assumptions'!J56*AVERAGE('Target BS'!H36:J36))","v":95.545000000000016},null,{"$f":"IF($U$6=0,0,'Target Assumptions'!L54*AVERAGE('Target BS'!J34:L34)+'Target Assumptions'!L55*AVERAGE('Target BS'!J35:L35)+'Target Assumptions'!L56*AVERAGE('Target BS'!J36:L36))","v":80.545000000000016},null,{"$f":"IF($U$6=0,0,'Target Assumptions'!N54*AVERAGE('Target BS'!L34:N34)+'Target Assumptions'!N55*AVERAGE('Target BS'!L35:N35)+'Target Assumptions'!N56*AVERAGE('Target BS'!L36:N36))","v":65.545000000000002},null,{"$f":"IF($U$6=0,0,'Target Assumptions'!P54*AVERAGE('Target BS'!N34:P34)+'Target Assumptions'!P55*AVERAGE('Target BS'!N35:P35)+'Target Assumptions'!P56*AVERAGE('Target BS'!N36:P36))","v":50.545000000000009},null,{"$f":"IF($U$6=0,0,'Target Assumptions'!R54*AVERAGE('Target BS'!P34:R34)+'Target Assumptions'!R55*AVERAGE('Target BS'!P35:R35)+'Target Assumptions'!R56*AVERAGE('Target BS'!P36:R36))","v":35.545000000000009}]
[]
[null,"Earnings before Taxes",null,{"$f":"D20-SUM(D22:D26)","v":18.799999999999898},null,{"$f":"F20-SUM(F22:F26)","v":41.200000000000188},null,{"$f":"H20-SUM(H22:H26)","v":262.9000000000002},null,{"$f":"J20-SUM(J22:J26)","v":295.09209000000038},null,{"$f":"L20-SUM(L22:L26)","v":364.52888995000018},null,{"$f":"N20-SUM(N22:N26)","v":437.61778429724978},null,{"$f":"P20-SUM(P22:P26)","v":514.58596104959872},null,{"$f":"R20-SUM(R22:R26)","v":595.67415646796655}]
[]
[null," Noncontrolling Interest",null,0,null,0,null,0,null,{"$f":"'Target Assumptions'!J15*(J28-J31)","v":0},null,{"$f":"'Target Assumptions'!L15*(L28-L31)","v":0},null,{"$f":"'Target Assumptions'!N15*(N28-N31)","v":0},null,{"$f":"'Target Assumptions'!P15*(P28-P31)","v":0},null,{"$f":"'Target Assumptions'!R15*(R28-R31)","v":0}]
[null,"  Taxes",null,63.7,null,100.9,null,101.4,null,{"$f":"J28*'Target Assumptions'!J47","v":118.03683600000016},null,{"$f":"L28*'Target Assumptions'!L47","v":145.81155598000007},null,{"$f":"N28*'Target Assumptions'!N47","v":175.04711371889994},null,{"$f":"P28*'Target Assumptions'!P47","v":205.83438441983949},null,{"$f":"R28*'Target Assumptions'!R47","v":238.26966258718664}]
[]
[null,"Net Income before Extra Items",null,{"$f":"D28-D30-D31","v":-44.900000000000105},null,{"$f":"F28-F30-F31","v":-59.699999999999818},null,{"$f":"H28-H30-H31","v":161.5000000000002},null,{"$f":"J28-J30-J31","v":177.05525400000022},null,{"$f":"L28-L30-L31","v":218.71733397000011},null,{"$f":"N28-N30-N31","v":262.57067057834985},null,{"$f":"P28-P30-P31","v":308.75157662975926},null,{"$f":"R28-R30-R31","v":357.40449388077991}]
[]
[null,"  Extraordinary Items",null,0.6,null,0.7,null,0.4,null,0,null,0,null,0,null,0,null,0]
[null,"  Discontinued Operations",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[]
[null,"Net Income after Extra Items",null,{"$f":"D33+D35+D36","v":-44.300000000000104},null,{"$f":"F33+F35+F36","v":-58.999999999999815},null,{"$f":"H33+H35+H36","v":161.9000000000002},null,{"$f":"J33+J35+J36","v":177.05525400000022},null,{"$f":"L33+L35+L36","v":218.71733397000011},null,{"$f":"N33+N35+N36","v":262.57067057834985},null,{"$f":"P33+P35+P36","v":308.75157662975926},null,{"$f":"R33+R35+R36","v":357.40449388077991}]
[]
[null,"EPS - Basic",null,{"$f":"+IF(ISERROR(D33/'Target Assumptions'!D52),0,D33/'Target Assumptions'!D52)","v":0},{"$f":"+IF(ISERROR(E33/'Target Assumptions'!E52),0,E33/'Target Assumptions'!E52)","v":0},{"$f":"+IF(ISERROR(F33/'Target Assumptions'!F52),0,F33/'Target Assumptions'!F52)","v":0},{"$f":"+IF(ISERROR(G33/'Target Assumptions'!G52),0,G33/'Target Assumptions'!G52)","v":0},{"$f":"+IF(ISERROR(H33/'Target Assumptions'!H52),0,H33/'Target Assumptions'!H52)","v":0.94555035128805731},{"$f":"+IF(ISERROR(I33/'Target Assumptions'!I52),0,I33/'Target Assumptions'!I52)","v":0},{"$f":"+IF(ISERROR(J33/'Target Assumptions'!J52),0,J33/'Target Assumptions'!J52)","v":1.0366232669789239},{"$f":"+IF(ISERROR(K33/'Target Assumptions'!K52),0,K33/'Target Assumptions'!K52)","v":0},{"$f":"+IF(ISERROR(L33/'Target Assumptions'!L52),0,L33/'Target Assumptions'!L52)","v":1.2805464518149889},{"$f":"+IF(ISERROR(M33/'Target Assumptions'!M52),0,M33/'Target Assumptions'!M52)","v":0},{"$f":"+IF(ISERROR(N33/'Target Assumptions'!N52),0,N33/'Target Assumptions'!N52)","v":1.5372990080699638},{"$f":"+IF(ISERROR(O33/'Target Assumptions'!O52),0,O33/'Target Assumptions'!O52)","v":0},{"$f":"+IF(ISERROR(P33/'Target Assumptions'!P52),0,P33/'Target Assumptions'!P52)","v":1.8076790200805577},{"$f":"+IF(ISERROR(Q33/'Target Assumptions'!Q52),0,Q33/'Target Assumptions'!Q52)","v":0},{"$f":"+IF(ISERROR(R33/'Target Assumptions'!R52),0,R33/'Target Assumptions'!R52)","v":2.0925321655783367}]
[]
[null,"EPS - Diluted",null,{"$f":"+IF(ISERROR(D33/'Target Assumptions'!D53),0,D33/'Target Assumptions'!D53)","v":0},{"$f":"+IF(ISERROR(E33/'Target Assumptions'!E53),0,E33/'Target Assumptions'!E53)","v":0},{"$f":"+IF(ISERROR(F33/'Target Assumptions'!F53),0,F33/'Target Assumptions'!F53)","v":0},{"$f":"+IF(ISERROR(G33/'Target Assumptions'!G53),0,G33/'Target Assumptions'!G53)","v":0},{"$f":"+IF(ISERROR(H33/'Target Assumptions'!H53),0,H33/'Target Assumptions'!H53)","v":0.9255014326647576},{"$f":"+IF(ISERROR(I33/'Target Assumptions'!I53),0,I33/'Target Assumptions'!I53)","v":0},{"$f":"+IF(ISERROR(J33/'Target Assumptions'!J53),0,J33/'Target Assumptions'!J53)","v":1.014643289398282},{"$f":"+IF(ISERROR(K33/'Target Assumptions'!K53),0,K33/'Target Assumptions'!K53)","v":0},{"$f":"+IF(ISERROR(L33/'Target Assumptions'!L53),0,L33/'Target Assumptions'!L53)","v":1.253394464011462},{"$f":"+IF(ISERROR(M33/'Target Assumptions'!M53),0,M33/'Target Assumptions'!M53)","v":0},{"$f":"+IF(ISERROR(N33/'Target Assumptions'!N53),0,N33/'Target Assumptions'!N53)","v":1.5047029832570191},{"$f":"+IF(ISERROR(O33/'Target Assumptions'!O53),0,O33/'Target Assumptions'!O53)","v":0},{"$f":"+IF(ISERROR(P33/'Target Assumptions'!P53),0,P33/'Target Assumptions'!P53)","v":1.7693500093395946},{"$f":"+IF(ISERROR(Q33/'Target Assumptions'!Q53),0,Q33/'Target Assumptions'!Q53)","v":0},{"$f":"+IF(ISERROR(R33/'Target Assumptions'!R53),0,R33/'Target Assumptions'!R53)","v":2.0481632887150711}]
[]
[null,"Other Financial Data"]
[]
[null,"Depreciation & Amortization",null,{"$f":"'Target Assumptions'!D34+'Target Assumptions'!D36+'Target Assumptions'!D37","v":422.6},null,{"$f":"'Target Assumptions'!F34+'Target Assumptions'!F36+'Target Assumptions'!F37","v":437.5},null,{"$f":"'Target Assumptions'!H34+'Target Assumptions'!H36+'Target Assumptions'!H37","v":428.9},null,{"$f":"'Target Assumptions'!J34+'Target Assumptions'!J36+'Target Assumptions'!J37","v":433.63896},null,{"$f":"'Target Assumptions'!L34+'Target Assumptions'!L36+'Target Assumptions'!L37","v":440.98910279999996},null,{"$f":"'Target Assumptions'!N34+'Target Assumptions'!N36+'Target Assumptions'!N37","v":448.74350345400001},null,{"$f":"'Target Assumptions'!P34+'Target Assumptions'!P36+'Target Assumptions'!P37","v":456.92439614397},null,{"$f":"'Target Assumptions'!R34+'Target Assumptions'!R36+'Target Assumptions'!R37","v":465.55523793188831}]
[null,"Capital Expenditures",null,{"$f":"'Target Assumptions'!D32","v":26.7},null,{"$f":"'Target Assumptions'!F32","v":13.8},null,{"$f":"'Target Assumptions'!H32","v":10.3},null,{"$f":"'Target Assumptions'!J32","v":16.70487},null,{"$f":"'Target Assumptions'!L32","v":17.623637849999998},null,{"$f":"'Target Assumptions'!N32","v":18.592937931750001},null,{"$f":"'Target Assumptions'!P32","v":19.61554951799625},null,{"$f":"'Target Assumptions'!R32","v":20.694404741486039}]
[]
[null,"EBITDA",null,{"$f":"D20+D46","v":612.19999999999993},null,{"$f":"F20+F46","v":647.80000000000018},null,{"$f":"H20+H46","v":825.20000000000016},null,{"$f":"J20+J46","v":824.2760500000004},null,{"$f":"L20+L46","v":886.06299275000015},null,{"$f":"N20+N46","v":951.90628775124981},null,{"$f":"P20+P46","v":1022.0553571935686},null,{"$f":"R20+R46","v":1096.7743943998548}]
[]
[null,"EPS (Excluding Unusual Items)",null,{"$f":"+IF(ISERROR((D33+D22*(1-'Target Assumptions'!D48))/'Target Assumptions'!D53),0,(D33+D22*(1-'Target Assumptions'!D48))/'Target Assumptions'!D53)","v":0},{"$f":"+IF(ISERROR((E33+E22*(1-'Target Assumptions'!E48))/'Target Assumptions'!E53),0,(E33+E22*(1-'Target Assumptions'!E48))/'Target Assumptions'!E53)","v":0},{"$f":"+IF(ISERROR((F33+F22*(1-'Target Assumptions'!F48))/'Target Assumptions'!F53),0,(F33+F22*(1-'Target Assumptions'!F48))/'Target Assumptions'!F53)","v":0},{"$f":"+IF(ISERROR((G33+G22*(1-'Target Assumptions'!G48))/'Target Assumptions'!G53),0,(G33+G22*(1-'Target Assumptions'!G48))/'Target Assumptions'!G53)","v":0},{"$f":"+IF(ISERROR((H33+H22*(1-'Target Assumptions'!H48))/'Target Assumptions'!H53),0,(H33+H22*(1-'Target Assumptions'!H48))/'Target Assumptions'!H53)","v":0.9255014326647576},{"$f":"+IF(ISERROR((I33+I22*(1-'Target Assumptions'!I48))/'Target Assumptions'!I53),0,(I33+I22*(1-'Target Assumptions'!I48))/'Target Assumptions'!I53)","v":0},{"$f":"+IF(ISERROR((J33+J22*(1-'Target Assumptions'!J48))/'Target Assumptions'!J53),0,(J33+J22*(1-'Target Assumptions'!J48))/'Target Assumptions'!J53)","v":1.014643289398282},{"$f":"+IF(ISERROR((K33+K22*(1-'Target Assumptions'!K48))/'Target Assumptions'!K53),0,(K33+K22*(1-'Target Assumptions'!K48))/'Target Assumptions'!K53)","v":0},{"$f":"+IF(ISERROR((L33+L22*(1-'Target Assumptions'!L48))/'Target Assumptions'!L53),0,(L33+L22*(1-'Target Assumptions'!L48))/'Target Assumptions'!L53)","v":1.253394464011462},{"$f":"+IF(ISERROR((M33+M22*(1-'Target Assumptions'!M48))/'Target Assumptions'!M53),0,(M33+M22*(1-'Target Assumptions'!M48))/'Target Assumptions'!M53)","v":0},{"$f":"+IF(ISERROR((N33+N22*(1-'Target Assumptions'!N48))/'Target Assumptions'!N53),0,(N33+N22*(1-'Target Assumptions'!N48))/'Target Assumptions'!N53)","v":1.5047029832570191},{"$f":"+IF(ISERROR((O33+O22*(1-'Target Assumptions'!O48))/'Target Assumptions'!O53),0,(O33+O22*(1-'Target Assumptions'!O48))/'Target Assumptions'!O53)","v":0},{"$f":"+IF(ISERROR((P33+P22*(1-'Target Assumptions'!P48))/'Target Assumptions'!P53),0,(P33+P22*(1-'Target Assumptions'!P48))/'Target Assumptions'!P53)","v":1.7693500093395946},{"$f":"+IF(ISERROR((Q33+Q22*(1-'Target Assumptions'!Q48))/'Target Assumptions'!Q53),0,(Q33+Q22*(1-'Target Assumptions'!Q48))/'Target Assumptions'!Q53)","v":0},{"$f":"+IF(ISERROR((R33+R22*(1-'Target Assumptions'!R48))/'Target Assumptions'!R53),0,(R33+R22*(1-'Target Assumptions'!R48))/'Target Assumptions'!R53)","v":2.0481632887150711}]
[]
[null,"Cash EPS",null,null,null,{"$f":"+IF(ISERROR('Target CF'!F27/'Target Assumptions'!F53),0,'Target CF'!F27/'Target Assumptions'!F53)","v":0},{"$f":"+IF(ISERROR('Target CF'!G27/'Target Assumptions'!G53),0,'Target CF'!G27/'Target Assumptions'!G53)","v":0},{"$f":"+IF(ISERROR('Target CF'!H27/'Target Assumptions'!H53),0,'Target CF'!H27/'Target Assumptions'!H53)","v":0.5564469914040131},{"$f":"+IF(ISERROR('Target CF'!I27/'Target Assumptions'!I53),0,'Target CF'!I27/'Target Assumptions'!I53)","v":0},{"$f":"+IF(ISERROR('Target CF'!J27/'Target Assumptions'!J53),0,'Target CF'!J27/'Target Assumptions'!J53)","v":4.9690064466381445},{"$f":"+IF(ISERROR('Target CF'!K27/'Target Assumptions'!K53),0,'Target CF'!K27/'Target Assumptions'!K53)","v":0},{"$f":"+IF(ISERROR('Target CF'!L27/'Target Assumptions'!L53),0,'Target CF'!L27/'Target Assumptions'!L53)","v":3.8120389362269904},{"$f":"+IF(ISERROR('Target CF'!M27/'Target Assumptions'!M53),0,'Target CF'!M27/'Target Assumptions'!M53)","v":0},{"$f":"+IF(ISERROR('Target CF'!N27/'Target Assumptions'!N53),0,'Target CF'!N27/'Target Assumptions'!N53)","v":4.1095170275188995},{"$f":"+IF(ISERROR('Target CF'!O27/'Target Assumptions'!O53),0,'Target CF'!O27/'Target Assumptions'!O53)","v":0},{"$f":"+IF(ISERROR('Target CF'!P27/'Target Assumptions'!P53),0,'Target CF'!P27/'Target Assumptions'!P53)","v":4.4228729521103762},{"$f":"+IF(ISERROR('Target CF'!Q27/'Target Assumptions'!Q53),0,'Target CF'!Q27/'Target Assumptions'!Q53)","v":0},{"$f":"+IF(ISERROR('Target CF'!R27/'Target Assumptions'!R53),0,'Target CF'!R27/'Target Assumptions'!R53)","v":4.7530741194127453}]
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[null,"Dividends per share",null,null,null,{"$f":"'Target Assumptions'!F44","v":0},null,{"$f":"'Target Assumptions'!H44","v":0},null,{"$f":"'Target Assumptions'!J44","v":0},null,{"$f":"'Target Assumptions'!L44","v":0},null,{"$f":"'Target Assumptions'!N44","v":0},null,{"$f":"'Target Assumptions'!P44","v":0},null,{"$f":"'Target Assumptions'!R44","v":0}]
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[null,"Dividend-adjusted Cash EPS",null,null,null,{"$f":"F53-F55","v":0},null,{"$f":"H53-H55","v":0.5564469914040131},null,{"$f":"J53-J55","v":4.9690064466381445},null,{"$f":"L53-L55","v":3.8120389362269904},null,{"$f":"N53-N55","v":4.1095170275188995},null,{"$f":"P53-P55","v":4.4228729521103762},null,{"$f":"R53-R55","v":4.7530741194127453}]

{"sheet":"Target BS","index":4,"n_rows":57,"n_cols":19,"rows_kept":57,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Target IS'!A1","v":"Target"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance Sheet"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,{"$f":"'Target IS'!D6","v":"Actual"},null,null,null,null,null,{"$f":"'Target IS'!J6","v":"Projections for the Period Ending December 31,"}]
[null,null,null,{"$f":"'Target IS'!D7","v":2013},null,{"$f":"'Target IS'!F7","v":2014},null,{"$f":"'Target IS'!H7","v":2015},null,{"$f":"'Target IS'!J7","v":2016},null,{"$f":"'Target IS'!L7","v":2017},null,{"$f":"'Target IS'!N7","v":2018},null,{"$f":"'Target IS'!P7","v":2019},null,{"$f":"'Target IS'!R7","v":2020}]
[]
[null,"Cash",null,{"$f":"813.6+23.1+18.2","v":854.90000000000009},187.3,{"$f":"838.8+26.6+16.7","v":882.1},null,{"$f":"255.5+5.7+15.1","v":276.3},null,{"$f":"'Target CF'!J52","v":826.68675493835622},null,{"$f":"'Target CF'!L52","v":1174.263911459966},null,{"$f":"'Target CF'!N52","v":1572.7816948302639},null,{"$f":"'Target CF'!P52","v":2024.9574754555283},null,{"$f":"'Target CF'!R52","v":2533.6745045515663}]
[null,"Accounts Receivable",null,587.5,null,637,null,697.3,null,{"$f":"('Target Assumptions'!J21*'Target IS'!J9)/365","v":675.05981506849309},null,{"$f":"('Target Assumptions'!L21*'Target IS'!L9)/365","v":712.18810489726025},null,{"$f":"('Target Assumptions'!N21*'Target IS'!N9)/365","v":751.35845066660943},null,{"$f":"('Target Assumptions'!P21*'Target IS'!P9)/365","v":792.68316545327309},null,{"$f":"('Target Assumptions'!R21*'Target IS'!R9)/365","v":836.28073955320303}]
[null,"Inventory",null,323.10000000000002,null,377.9,null,403.5,null,{"$f":"('Target Assumptions'!J22*'Target IS'!J11)/365","v":413.27390712328764},null,{"$f":"('Target Assumptions'!L22*'Target IS'!L11)/365","v":436.00397201506843},null,{"$f":"('Target Assumptions'!N22*'Target IS'!N11)/365","v":459.98419047589726},null,{"$f":"('Target Assumptions'!P22*'Target IS'!P11)/365","v":485.28332095207156},null,{"$f":"('Target Assumptions'!R22*'Target IS'!R11)/365","v":511.97390360443546}]
[null,"Other",null,{"$f":"91+190","v":281},null,{"$f":"40.1+156.5","v":196.6},null,{"$f":"105.4+142.7","v":248.1},null,{"$f":"'Target IS'!J9*'Target Assumptions'!J23","v":229.69196249999999},null,{"$f":"'Target IS'!L9*'Target Assumptions'!L23","v":242.3250204375},null,{"$f":"'Target IS'!N9*'Target Assumptions'!N23","v":255.65289656156247},null,{"$f":"'Target IS'!P9*'Target Assumptions'!P23","v":269.7138058724484},null,{"$f":"'Target IS'!R9*'Target Assumptions'!R23","v":284.54806519543303}]
[]
[null,"  Current Assets",null,{"$f":"SUM(D9:D12)","v":2046.5},null,{"$f":"SUM(F9:F12)","v":2093.6},null,{"$f":"SUM(H9:H12)","v":1625.1999999999998},null,{"$f":"SUM(J9:J12)","v":2144.7124396301369},null,{"$f":"SUM(L9:L12)","v":2564.7810088097945},null,{"$f":"SUM(N9:N12)","v":3039.7772325343331},null,{"$f":"SUM(P9:P12)","v":3572.6377677333212},null,{"$f":"SUM(R9:R12)","v":4166.4772129046378}]
[]
[null,"Property, Plant, & Equipment",null,{"$f":"22.4+848","v":870.4},null,{"$f":"25+833.7","v":858.7},null,{"$f":"844.7+26.7","v":871.40000000000009},null,{"$f":"H16+'Target Assumptions'!J32","v":888.10487000000012},null,{"$f":"J16+'Target Assumptions'!L32","v":905.72850785000014},null,{"$f":"L16+'Target Assumptions'!N32","v":924.32144578175019},null,{"$f":"N16+'Target Assumptions'!P32","v":943.9369952997464},null,{"$f":"P16+'Target Assumptions'!R32","v":964.63140004123238}]
[null,"Accumulated Depreciation",null,0,null,0,null,0,null,{"$f":"H17-'Target Assumptions'!J34","v":-133.63896},null,{"$f":"J17-'Target Assumptions'!L34","v":-274.62806279999995},null,{"$f":"L17-'Target Assumptions'!N34","v":-423.37156625399996},null,{"$f":"N17-'Target Assumptions'!P34","v":-580.29596239797002},null,{"$f":"P17-'Target Assumptions'!R34","v":-745.85120032985833}]
[]
[null,"  Net Property, Plant, & Equipment",null,{"$f":"SUM(D16:D17)","v":870.4},null,{"$f":"SUM(F16:F17)","v":858.7},null,{"$f":"SUM(H16:H17)","v":871.40000000000009},null,{"$f":"SUM(J16:J17)","v":754.46591000000012},null,{"$f":"SUM(L16:L17)","v":631.10044505000019},null,{"$f":"SUM(N16:N17)","v":500.94987952775023},null,{"$f":"SUM(P16:P17)","v":363.64103290177638},null,{"$f":"SUM(R16:R17)","v":218.78019971137405}]
[]
[null,"Goodwill",null,4372.1000000000004,null,4366.7,null,4503.3999999999996,null,{"$f":"H21-'Target Assumptions'!J36","v":4503.3999999999996},null,{"$f":"J21-'Target Assumptions'!L36","v":4503.3999999999996},null,{"$f":"L21-'Target Assumptions'!N36","v":4503.3999999999996},null,{"$f":"N21-'Target Assumptions'!P36","v":4503.3999999999996},null,{"$f":"P21-'Target Assumptions'!R36","v":4503.3999999999996}]
[null,"Intangible Assets",null,2040.2,null,1746.6,null,1525.8,null,{"$f":"H22-'Target Assumptions'!J37","v":1225.8},null,{"$f":"J22-'Target Assumptions'!L37","v":925.8},null,{"$f":"L22-'Target Assumptions'!N37","v":625.79999999999995},null,{"$f":"N22-'Target Assumptions'!P37","v":325.79999999999995},null,{"$f":"P22-'Target Assumptions'!R37","v":25.799999999999955}]
[null,"Deferred Taxes",null,26.8,null,28.8,null,23,null,{"$f":"H23+'Target Assumptions'!J40","v":23},null,{"$f":"J23+'Target Assumptions'!L40","v":23},null,{"$f":"L23+'Target Assumptions'!N40","v":23},null,{"$f":"N23+'Target Assumptions'!P40","v":23},null,{"$f":"P23+'Target Assumptions'!R40","v":23}]
[null,"Equity in Affiliates",null,0,null,0,null,0,null,{"$f":"H24-'Target IS'!J23-'Target Assumptions'!J42","v":0},null,{"$f":"J24-'Target IS'!L23-'Target Assumptions'!L42","v":0},null,{"$f":"L24-'Target IS'!N23-'Target Assumptions'!N42","v":0},null,{"$f":"N24-'Target IS'!P23-'Target Assumptions'!P42","v":0},null,{"$f":"P24-'Target IS'!R23-'Target Assumptions'!R42","v":0}]
[null,"Other",null,130.19999999999999,null,93.6,null,89.2,null,{"$f":"H25+'Target Assumptions'!J26","v":89.2},null,{"$f":"J25+'Target Assumptions'!L26","v":89.2},null,{"$f":"L25+'Target Assumptions'!N26","v":89.2},null,{"$f":"N25+'Target Assumptions'!P26","v":89.2},null,{"$f":"P25+'Target Assumptions'!R26","v":89.2}]
[]
[null,"Total Assets",null,{"$f":"D14+D19+SUM(D21:D25)","v":9486.2000000000007},null,{"$f":"F14+F19+SUM(F21:F25)","v":9188},null,{"$f":"H14+H19+SUM(H21:H25)","v":8638},null,{"$f":"J14+J19+SUM(J21:J25)","v":8740.5783496301374},null,{"$f":"L14+L19+SUM(L21:L25)","v":8737.2814538597941},null,{"$f":"N14+N19+SUM(N21:N25)","v":8782.1271120620841},null,{"$f":"P14+P19+SUM(P21:P25)","v":8877.678800635098},null,{"$f":"R14+R19+SUM(R21:R25)","v":9026.6574126160122}]
[]
[null,"Accounts Payable",null,174.4,null,178.4,null,186.6,null,{"$f":"('Target Assumptions'!J24*'Target IS'!J11)/365","v":196.79709863013696},null,{"$f":"('Target Assumptions'!L24*'Target IS'!L11)/365","v":207.62093905479449},null,{"$f":"('Target Assumptions'!N24*'Target IS'!N11)/365","v":219.04009070280821},null,{"$f":"('Target Assumptions'!P24*'Target IS'!P11)/365","v":231.08729569146263},null,{"$f":"('Target Assumptions'!R24*'Target IS'!R11)/365","v":243.7970969544931}]
[null,"Other",null,{"$f":"1146.4-174.4","v":972.00000000000011},null,{"$f":"1496.3-178.4","v":1317.8999999999999},null,{"$f":"1192.4-186.6","v":1005.8000000000001},null,{"$f":"'Target IS'!J11*'Target Assumptions'!J25","v":1221.1259969999999},null,{"$f":"'Target IS'!L11*'Target Assumptions'!L25","v":1288.287926835},null,{"$f":"'Target IS'!N11*'Target Assumptions'!N25","v":1359.143762810925},null,{"$f":"'Target IS'!P11*'Target Assumptions'!P25","v":1433.8966697655258},null,{"$f":"'Target IS'!R11*'Target Assumptions'!R25","v":1512.7609866026296}]
[]
[null,"  Current Liabilities",null,{"$f":"SUM(D29:D30)","v":1146.4000000000001},null,{"$f":"SUM(F29:F30)","v":1496.3},null,{"$f":"SUM(H29:H30)","v":1192.4000000000001},null,{"$f":"SUM(J29:J30)","v":1417.9230956301369},null,{"$f":"SUM(L29:L30)","v":1495.9088658897945},null,{"$f":"SUM(N29:N30)","v":1578.1838535137331},null,{"$f":"SUM(P29:P30)","v":1664.9839654569885},null,{"$f":"SUM(R29:R30)","v":1756.5580835571227}]
[]
[null,"Revolving Credit Facility",null,0,null,0,null,0,null,{"$f":"'Target CF'!J51","v":0},null,{"$f":"'Target CF'!L51","v":0},null,{"$f":"'Target CF'!N51","v":0},null,{"$f":"'Target CF'!P51","v":0},null,{"$f":"'Target CF'!R51","v":0}]
[null,"Senior Debt",null,2727.6,null,2297.6999999999998,null,2060.9,null,{"$f":"H35-'Target Assumptions'!J38","v":1760.9},null,{"$f":"J35-'Target Assumptions'!L38","v":1460.9},null,{"$f":"L35-'Target Assumptions'!N38","v":1160.9000000000001},null,{"$f":"N35-'Target Assumptions'!P38","v":860.90000000000009},null,{"$f":"P35-'Target Assumptions'!R38","v":560.90000000000009}]
[null,"Subordinated Debt",null,0,null,0,null,0,null,{"$f":"H36-'Target Assumptions'!J39","v":0},null,{"$f":"J36-'Target Assumptions'!L39","v":0},null,{"$f":"L36-'Target Assumptions'!N39","v":0},null,{"$f":"N36-'Target Assumptions'!P39","v":0},null,{"$f":"P36-'Target Assumptions'!R39","v":0}]
[]
[null,"  Total",null,{"$f":"SUM(D34:D36)","v":2727.6},null,{"$f":"SUM(F34:F36)","v":2297.6999999999998},null,{"$f":"SUM(H34:H36)","v":2060.9},null,{"$f":"SUM(J34:J36)","v":1760.9},null,{"$f":"SUM(L34:L36)","v":1460.9},null,{"$f":"SUM(N34:N36)","v":1160.9000000000001},null,{"$f":"SUM(P34:P36)","v":860.90000000000009},null,{"$f":"SUM(R34:R36)","v":560.90000000000009}]
[]
[null,"Deferred Taxes",null,558,null,410.6,null,287.39999999999998,null,{"$f":"H40+'Target Assumptions'!J41","v":287.39999999999998},null,{"$f":"J40+'Target Assumptions'!L41","v":287.39999999999998},null,{"$f":"L40+'Target Assumptions'!N41","v":287.39999999999998},null,{"$f":"N40+'Target Assumptions'!P41","v":287.39999999999998},null,{"$f":"P40+'Target Assumptions'!R41","v":287.39999999999998}]
[null,"Other",null,{"$f":"145.2+114.7+356.2","v":616.09999999999991},null,{"$f":"190.6+102.9+90.6","v":384.1},null,{"$f":"209.6+106.4+127.9","v":443.9},null,{"$f":"H41+'Target Assumptions'!J27","v":443.9},null,{"$f":"J41+'Target Assumptions'!L27","v":443.9},null,{"$f":"L41+'Target Assumptions'!N27","v":443.9},null,{"$f":"N41+'Target Assumptions'!P27","v":443.9},null,{"$f":"P41+'Target Assumptions'!R27","v":443.9}]
[]
[null,"Total Liabilities",null,{"$f":"D32+D38+SUM(D40:D41)","v":5048.1000000000004},null,{"$f":"F32+F38+SUM(F40:F41)","v":4588.7},null,{"$f":"H32+H38+SUM(H40:H41)","v":3984.6000000000004},null,{"$f":"J32+J38+SUM(J40:J41)","v":3910.123095630137},null,{"$f":"L32+L38+SUM(L40:L41)","v":3688.1088658897943},null,{"$f":"N32+N38+SUM(N40:N41)","v":3470.3838535137329},null,{"$f":"P32+P38+SUM(P40:P41)","v":3257.1839654569885},null,{"$f":"R32+R38+SUM(R40:R41)","v":3048.7580835571225}]
[]
[null,"Common Stock",null,{"$f":"2.1+5222.9","v":5225},null,{"$f":"2.1+5441.1","v":5443.2000000000007},null,{"$f":"2.1+5731.6","v":5733.7000000000007},null,{"$f":"H45","v":5733.7000000000007},null,{"$f":"J45","v":5733.7000000000007},null,{"$f":"L45","v":5733.7000000000007},null,{"$f":"N45","v":5733.7000000000007},null,{"$f":"P45","v":5733.7000000000007}]
[null,"Preferred Equity",null,0,null,0,null,0,null,{"$f":"H46","v":0},null,{"$f":"J46","v":0},null,{"$f":"L46","v":0},null,{"$f":"N46","v":0},null,{"$f":"P46","v":0}]
[null,"Retained Earnings",null,532.5,null,911,null,1341.8,null,{"$f":"H47+'Target IS'!J38+'Target CF'!J37","v":1518.8552540000001},null,{"$f":"J47+'Target IS'!L38+'Target CF'!L37","v":1737.5725879700001},null,{"$f":"L47+'Target IS'!N38+'Target CF'!N37","v":2000.1432585483499},null,{"$f":"N47+'Target IS'!P38+'Target CF'!P37","v":2308.8948351781091},null,{"$f":"P47+'Target IS'!R38+'Target CF'!R37","v":2666.2993290588893}]
[null,"Treasury Stock",null,-1420,null,-1820,null,{"$f":"-2482","v":-2482},null,{"$f":"H48","v":-2482},null,{"$f":"J48","v":-2482},null,{"$f":"L48","v":-2482},null,{"$f":"N48","v":-2482},null,{"$f":"P48","v":-2482}]
[null,"Other Adjustments",null,96.6,null,65.099999999999994,null,59.1,null,{"$f":"H49","v":59.1},null,{"$f":"J49","v":59.1},null,{"$f":"L49","v":59.1},null,{"$f":"N49","v":59.1},null,{"$f":"P49","v":59.1}]
[null,"Noncontrolling Interest",null,4,null,0,null,0.8,null,{"$f":"H50+'Target IS'!J30","v":0.8},null,{"$f":"J50+'Target IS'!L30","v":0.8},null,{"$f":"L50+'Target IS'!N30","v":0.8},null,{"$f":"N50+'Target IS'!P30","v":0.8},null,{"$f":"P50+'Target IS'!R30","v":0.8}]
[null,"Total Stockholders Equity",null,{"$f":"SUM(D45:D50)","v":4438.1000000000004},{"$f":"SUM(E45:E50)","v":0},4599.3000000000011,0,4653.4000000000015,null,{"$f":"SUM(J45:J50)","v":4830.4552540000013},{"$f":"SUM(K45:K50)","v":0},5049.1725879700016,0,5311.7432585483512,0,5620.4948351781104,0,5977.8993290588905]
[]
[null,"Total Liabilities and Equity",null,{"$f":"D43+D51","v":9486.2000000000007},null,{"$f":"F43+F51","v":9188},null,{"$f":"H43+H51","v":8638.0000000000018},null,{"$f":"J43+J51","v":8740.5783496301374},null,{"$f":"L43+L51","v":8737.2814538597959},null,{"$f":"N43+N51","v":8782.1271120620841},null,{"$f":"P43+P51","v":8877.678800635098},null,{"$f":"R43+R51","v":9026.6574126160122}]
[]
[]
[]
[null,"Reconciliation",null,{"$f":"D53-D27","v":0},null,{"$f":"F53-F27","v":0},null,{"$f":"H53-H27","v":0},null,{"$f":"J53-J27","v":0},null,{"$f":"L53-L27","v":0},null,{"$f":"N53-N27","v":0},null,{"$f":"P53-P27","v":0},null,{"$f":"R53-R27","v":0}]

{"sheet":"Target CF","index":5,"n_rows":54,"n_cols":19,"rows_kept":54,"cut":false,"hidden":false,"merged":[[5,5,5,7]]}
[{"$f":"'Target BS'!A1","v":"Target"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Statement of Cash Flow"]
["($Millions, except per share data)"]
[]
[]
[]
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[null,null,null,null,null,{"$f":"'Target BS'!F7","v":2014},null,{"$f":"'Target BS'!H7","v":2015},null,{"$f":"'Target BS'!J7","v":2016},null,{"$f":"'Target BS'!L7","v":2017},null,{"$f":"'Target BS'!N7","v":2018},null,{"$f":"'Target BS'!P7","v":2019},null,{"$f":"'Target BS'!R7","v":2020}]
[]
[null,"Net Income",null,null,null,{"$f":"'Target IS'!F38","v":-58.999999999999815},null,{"$f":"'Target IS'!H38","v":161.9000000000002},null,{"$f":"'Target IS'!J38","v":177.05525400000022},null,{"$f":"'Target IS'!L38","v":218.71733397000011},null,{"$f":"'Target IS'!N38","v":262.57067057834985},null,{"$f":"'Target IS'!P38","v":308.75157662975926},null,{"$f":"'Target IS'!R38","v":357.40449388077991}]
[]
[null,"Depreciation & Amortization",null,null,null,{"$f":"'Target IS'!F46","v":437.5},null,{"$f":"'Target IS'!H46","v":428.9},null,{"$f":"'Target IS'!J46","v":433.63896},null,{"$f":"'Target IS'!L46","v":440.98910279999996},null,{"$f":"'Target IS'!N46","v":448.74350345400001},null,{"$f":"'Target IS'!P46","v":456.92439614397},null,{"$f":"'Target IS'!R46","v":465.55523793188831}]
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[null,"Income from Affiliates, Net of Dividends",null,null,null,{"$f":"'Target IS'!F23-'Target Assumptions'!F42","v":0},null,{"$f":"'Target IS'!H23-'Target Assumptions'!H42","v":0},null,{"$f":"'Target IS'!J23+'Target Assumptions'!J42","v":0},null,{"$f":"'Target IS'!L23+'Target Assumptions'!L42","v":0},null,{"$f":"'Target IS'!N23+'Target Assumptions'!N42","v":0},null,{"$f":"'Target IS'!P23+'Target Assumptions'!P42","v":0},null,{"$f":"'Target IS'!R23+'Target Assumptions'!R42","v":0}]
[]
["Change in"]
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[null,"Accounts Receivable",null,null,null,{"$f":"'Target BS'!D10-'Target BS'!F10","v":-49.5},null,{"$f":"'Target BS'!F10-'Target BS'!H10","v":-60.299999999999955},null,{"$f":"'Target BS'!H10-'Target BS'!J10","v":22.24018493150686},null,{"$f":"'Target BS'!J10-'Target BS'!L10","v":-37.128289828767151},null,{"$f":"'Target BS'!L10-'Target BS'!N10","v":-39.170345769349183},null,{"$f":"'Target BS'!N10-'Target BS'!P10","v":-41.324714786663662},null,{"$f":"'Target BS'!P10-'Target BS'!R10","v":-43.597574099929943}]
[null,"Inventory",null,null,null,{"$f":"'Target BS'!D11-'Target BS'!F11","v":-54.799999999999955},null,{"$f":"'Target BS'!F11-'Target BS'!H11","v":-25.600000000000023},null,{"$f":"'Target BS'!H11-'Target BS'!J11","v":-9.7739071232876427},null,{"$f":"'Target BS'!J11-'Target BS'!L11","v":-22.730064891780785},null,{"$f":"'Target BS'!L11-'Target BS'!N11","v":-23.980218460828837},null,{"$f":"'Target BS'!N11-'Target BS'!P11","v":-25.299130476174298},null,{"$f":"'Target BS'!P11-'Target BS'!R11","v":-26.690582652363901}]
[null,"Other Current Assets",null,null,null,{"$f":"'Target BS'!D12-'Target BS'!F12","v":84.4},null,{"$f":"'Target BS'!F12-'Target BS'!H12","v":-51.5},null,{"$f":"'Target BS'!H12-'Target BS'!J12","v":18.408037500000006},null,{"$f":"'Target BS'!J12-'Target BS'!L12","v":-12.633057937500013},null,{"$f":"'Target BS'!L12-'Target BS'!N12","v":-13.32787612406247},null,{"$f":"'Target BS'!N12-'Target BS'!P12","v":-14.060909310885933},null,{"$f":"'Target BS'!P12-'Target BS'!R12","v":-14.834259322984622}]
[null,"Accounts Payable",null,null,null,{"$f":"'Target BS'!F29-'Target BS'!D29","v":4},null,{"$f":"'Target BS'!H29-'Target BS'!F29","v":8.1999999999999886},null,{"$f":"'Target BS'!J29-'Target BS'!H29","v":10.197098630136963},null,{"$f":"'Target BS'!L29-'Target BS'!J29","v":10.823840424657533},null,{"$f":"'Target BS'!N29-'Target BS'!L29","v":11.419151648013724},null,{"$f":"'Target BS'!P29-'Target BS'!N29","v":12.047204988654414},null,{"$f":"'Target BS'!R29-'Target BS'!P29","v":12.709801263030471}]
[null,"Other Current Liabilities",null,null,null,{"$f":"'Target BS'!F30-'Target BS'!D30","v":345.89999999999975},null,{"$f":"'Target BS'!H30-'Target BS'!F30","v":-312.0999999999998},null,{"$f":"'Target BS'!J30-'Target BS'!H30","v":215.3259969999998},null,{"$f":"'Target BS'!L30-'Target BS'!J30","v":67.161929835000137},null,{"$f":"'Target BS'!N30-'Target BS'!L30","v":70.855835975924947},null,{"$f":"'Target BS'!P30-'Target BS'!N30","v":74.752906954600803},null,{"$f":"'Target BS'!R30-'Target BS'!P30","v":78.864316837103843}]
[null,"Other Assets",null,null,null,{"$f":"'Target BS'!D25-'Target BS'!F25","v":36.599999999999994},null,{"$f":"'Target BS'!F25-'Target BS'!H25","v":4.3999999999999915},null,{"$f":"'Target BS'!H25-'Target BS'!J25","v":0},null,{"$f":"'Target BS'!J25-'Target BS'!L25","v":0},null,{"$f":"'Target BS'!L25-'Target BS'!N25","v":0},null,{"$f":"'Target BS'!N25-'Target BS'!P25","v":0},null,{"$f":"'Target BS'!P25-'Target BS'!R25","v":0}]
[null,"Deferred Taxes",null,null,null,{"$f":"'Target BS'!F40-'Target BS'!D40+'Target BS'!D23-'Target BS'!F23","v":-149.39999999999998},null,{"$f":"'Target BS'!H40-'Target BS'!F40+'Target BS'!F23-'Target BS'!H23","v":-117.40000000000005},null,{"$f":"'Target BS'!J40-'Target BS'!H40+'Target BS'!H23-'Target BS'!J23","v":0},null,{"$f":"'Target BS'!L40-'Target BS'!J40+'Target BS'!J23-'Target BS'!L23","v":0},null,{"$f":"'Target BS'!N40-'Target BS'!L40+'Target BS'!L23-'Target BS'!N23","v":0},null,{"$f":"'Target BS'!P40-'Target BS'!N40+'Target BS'!N23-'Target BS'!P23","v":0},null,{"$f":"'Target BS'!R40-'Target BS'!P40+'Target BS'!P23-'Target BS'!R23","v":0}]
[null,"Minority Interest",null,null,null,{"$f":"'Target BS'!F50-'Target BS'!D50","v":-4},null,{"$f":"'Target BS'!H50-'Target BS'!F50","v":0.8},null,{"$f":"'Target BS'!J50-'Target BS'!H50","v":0},null,{"$f":"'Target BS'!L50-'Target BS'!J50","v":0},null,{"$f":"'Target BS'!N50-'Target BS'!L50","v":0},null,{"$f":"'Target BS'!P50-'Target BS'!N50","v":0},null,{"$f":"'Target BS'!R50-'Target BS'!P50","v":0}]
[null,"Other Liabilities",null,null,null,{"$f":"'Target BS'!F41-'Target BS'!D41","v":-231.99999999999989},null,{"$f":"'Target BS'!H41-'Target BS'!F41","v":59.799999999999955},null,{"$f":"'Target BS'!J41-'Target BS'!H41","v":0},null,{"$f":"'Target BS'!L41-'Target BS'!J41","v":0},null,{"$f":"'Target BS'!N41-'Target BS'!L41","v":0},null,{"$f":"'Target BS'!P41-'Target BS'!N41","v":0},null,{"$f":"'Target BS'!R41-'Target BS'!P41","v":0}]
[]
["Cash Flow from Operating Activities",null,null,null,null,{"$f":"SUM(F9:F25)","v":359.70000000000016},null,{"$f":"SUM(H9:H25)","v":97.100000000000279},null,{"$f":"SUM(J9:J25)","v":867.09162493835618},null,{"$f":"SUM(L9:L25)","v":665.20079437160985},null,{"$f":"SUM(N9:N25)","v":717.11072130204798},null,{"$f":"SUM(P9:P25)","v":771.79133014326067},null,{"$f":"SUM(R9:R25)","v":829.4114338375241}]
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[null,"Capital Expenditures",null,null,null,{"$f":"-'Target IS'!F47","v":-13.8},null,{"$f":"-'Target IS'!H47","v":-10.3},null,{"$f":"-'Target IS'!J47","v":-16.70487},null,{"$f":"-'Target IS'!L47","v":-17.623637849999998},null,{"$f":"-'Target IS'!N47","v":-18.592937931750001},null,{"$f":"-'Target IS'!P47","v":-19.61554951799625},null,{"$f":"-'Target IS'!R47","v":-20.694404741486039}]
[null,"Acquisitions",null,null,null,-0.1,null,-149,null,0,0,0,0,0,0,0,0,0]
[null,"Sale of Assets",null,null,null,3.4,null,25.5,null,0,null,0,null,0,null,0,null,0]
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[null,"Net Change in Equity",null,null,null,{"$f":"'Target BS'!F45-'Target BS'!D45+'Target BS'!F46-'Target BS'!D46+'Target BS'!F48-'Target BS'!D48+'Target BS'!F49-'Target BS'!D49","v":-213.29999999999927},null,{"$f":"'Target BS'!H45-'Target BS'!F45+'Target BS'!H46-'Target BS'!F46+'Target BS'!H48-'Target BS'!F48+'Target BS'!H49-'Target BS'!F49","v":-377.5},null,{"$f":"'Target BS'!J45-'Target BS'!H45+'Target BS'!J46-'Target BS'!H46+'Target BS'!J48-'Target BS'!H48+'Target BS'!J49-'Target BS'!H49","v":0},null,{"$f":"'Target BS'!L45-'Target BS'!J45+'Target BS'!L46-'Target BS'!J46+'Target BS'!L48-'Target BS'!J48+'Target BS'!L49-'Target BS'!J49","v":0},null,{"$f":"'Target BS'!N45-'Target BS'!L45+'Target BS'!N46-'Target BS'!L46+'Target BS'!N48-'Target BS'!L48+'Target BS'!N49-'Target BS'!L49","v":0},null,{"$f":"'Target BS'!P45-'Target BS'!N45+'Target BS'!P46-'Target BS'!N46+'Target BS'!P48-'Target BS'!N48+'Target BS'!P49-'Target BS'!N49","v":0},null,{"$f":"'Target BS'!R45-'Target BS'!P45+'Target BS'!R46-'Target BS'!P46+'Target BS'!R48-'Target BS'!P48+'Target BS'!R49-'Target BS'!P49","v":0}]
[null,"Net Change in Debt",null,null,null,{"$f":"'Target BS'!F35-'Target BS'!D35+'Target BS'!F36-'Target BS'!D36","v":-429.90000000000009},null,{"$f":"'Target BS'!H35-'Target BS'!F35+'Target BS'!H36-'Target BS'!F36","v":-236.79999999999973},null,{"$f":"'Target BS'!J35-'Target BS'!H35+'Target BS'!J36-'Target BS'!H36","v":-300},null,{"$f":"'Target BS'!L35-'Target BS'!J35+'Target BS'!L36-'Target BS'!J36","v":-300},null,{"$f":"'Target BS'!N35-'Target BS'!L35+'Target BS'!N36-'Target BS'!L36","v":-300},null,{"$f":"'Target BS'!P35-'Target BS'!N35+'Target BS'!P36-'Target BS'!N36","v":-300},null,{"$f":"'Target BS'!R35-'Target BS'!P35+'Target BS'!R36-'Target BS'!P36","v":-300}]
[null,"Dividends Paid",null,null,null,{"$f":"-'Target Assumptions'!F46","v":0},null,{"$f":"-'Target Assumptions'!H46","v":0},null,{"$f":"-'Target Assumptions'!J46","v":0},null,{"$f":"-'Target Assumptions'!L46","v":0},null,{"$f":"-'Target Assumptions'!N46","v":0},null,{"$f":"-'Target Assumptions'!P46","v":0},null,{"$f":"-'Target Assumptions'!R46","v":0}]
[]
["Cash Flow from Financing Activities",null,null,null,null,{"$f":"SUM(F35:F37)","v":-643.19999999999936},null,{"$f":"SUM(H35:H37)","v":-614.29999999999973},null,{"$f":"SUM(J35:J37)","v":-300},null,{"$f":"SUM(L35:L37)","v":-300},null,{"$f":"SUM(N35:N37)","v":-300},null,{"$f":"SUM(P35:P37)","v":-300},null,{"$f":"SUM(R35:R37)","v":-300}]
[]
[null,"Net Change in Cash",null,null,null,{"$f":"F27+F33+F39","v":-293.9999999999992},null,{"$f":"H27+H33+H39","v":-650.99999999999943},null,{"$f":"J27+J33+J39","v":550.38675493835615},null,{"$f":"L27+L33+L39","v":347.57715652160982},null,{"$f":"N27+N33+N39","v":398.51778337029793},null,{"$f":"P27+P33+P39","v":452.17578062526445},null,{"$f":"R27+R33+R39","v":508.717029096038}]
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[null,"Beginning Cash Balance",null,null,null,{"$f":"'Target BS'!D9","v":854.90000000000009},null,{"$f":"'Target BS'!F9","v":882.1},null,{"$f":"'Target BS'!H9","v":276.3},null,{"$f":"'Target BS'!J9","v":826.68675493835622},null,{"$f":"'Target BS'!L9","v":1174.263911459966},null,{"$f":"'Target BS'!N9","v":1572.7816948302639},null,{"$f":"'Target BS'!P9","v":2024.9574754555283}]
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[null,"Cash Available for Revolving Credit",null,null,null,{"$f":"F41+F43","v":560.90000000000089},null,{"$f":"H41+H43","v":231.10000000000059},null,{"$f":"J41+J43","v":826.68675493835622},null,{"$f":"L41+L43","v":1174.263911459966},null,{"$f":"N41+N43","v":1572.7816948302639},null,{"$f":"P41+P43","v":2024.9574754555283},null,{"$f":"R41+R43","v":2533.6745045515663}]
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[]
[]
[null,"Beginning Revolver",null,null,null,null,null,null,null,{"$f":"'Target BS'!H34","v":0},null,{"$f":"'Target BS'!J34","v":0},null,{"$f":"'Target BS'!L34","v":0},null,{"$f":"'Target BS'!N34","v":0},null,{"$f":"'Target BS'!P34","v":0}]
[null,"Total Repayment",null,null,null,null,null,null,null,{"$f":"IF(J45-J49<$F$54,J45-$F$54,J49)","v":0},null,{"$f":"IF(L45-L49<$F$54,L45-$F$54,L49)","v":0},null,{"$f":"IF(N45-N49<$F$54,N45-$F$54,N49)","v":0},null,{"$f":"IF(P45-P49<$F$54,P45-$F$54,P49)","v":0},null,{"$f":"IF(R45-R49<$F$54,R45-$F$54,R49)","v":0}]
[null,"Ending Revolving Credit Facility",null,null,null,null,null,null,null,{"$f":"J49-J50","v":0},null,{"$f":"L49-L50","v":0},null,{"$f":"N49-N50","v":0},null,{"$f":"P49-P50","v":0},null,{"$f":"R49-R50","v":0}]
[null,"Ending Cash",null,null,null,null,null,null,null,{"$f":"IF(J45-J49<0,$F$54,J45-J50)","v":826.68675493835622},null,{"$f":"IF(L45-L49<0,$F$54,L45-L50)","v":1174.263911459966},null,{"$f":"IF(N45-N49<0,$F$54,N45-N50)","v":1572.7816948302639},null,{"$f":"IF(P45-P49<0,$F$54,P45-P50)","v":2024.9574754555283},null,{"$f":"IF(R45-R49<0,$F$54,R45-R50)","v":2533.6745045515663}]
[]
[null,"Minimum Cash Balance",null,null,null,0]

{"sheet":"Acquirer Assumptions","index":6,"n_rows":59,"n_cols":19,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
["Acquirer",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Assumptions"]
[null,"($Millions, except per share data)"]
[]
[]
[]
[null,null,null,"Actual",null,null,null,null,null,"Projections for the Period Ending December 31,"]
[null,null,null,2013,null,{"$f":"D7+1","v":2014},null,{"$f":"F7+1","v":2015},null,{"$f":"H7+1","v":2016},null,{"$f":"J7+1","v":2017},null,{"$f":"L7+1","v":2018},null,{"$f":"N7+1","v":2019},null,{"$f":"P7+1","v":2020}]
[]
[null,"Income Statement"]
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[null,"Sales Growth",null,"NA",null,{"$f":"+IF(ISERROR('Acquirer IS'!F9/'Acquirer IS'!D9-1),0,'Acquirer IS'!F9/'Acquirer IS'!D9-1)","v":0.11216095293993122},{"$f":"+IF(ISERROR('Acquirer IS'!G9/'Acquirer IS'!E9-1),0,'Acquirer IS'!G9/'Acquirer IS'!E9-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H9/'Acquirer IS'!F9-1),0,'Acquirer IS'!H9/'Acquirer IS'!F9-1)","v":8.2283628058275937E-2},null,5.1999999999999998E-2,null,{"$f":"J11","v":5.1999999999999998E-2},{"$f":"K11","v":0},5.1999999999999998E-2,0,5.1999999999999998E-2,0,5.1999999999999998E-2]
[null,"COGS as a % of Sales",null,{"$f":"+IF(ISERROR('Acquirer IS'!D11/'Acquirer IS'!D9),0,'Acquirer IS'!D11/'Acquirer IS'!D9)","v":0.58996834438233048},{"$f":"+IF(ISERROR('Acquirer IS'!E11/'Acquirer IS'!E9),0,'Acquirer IS'!E11/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!F11/'Acquirer IS'!F9),0,'Acquirer IS'!F11/'Acquirer IS'!F9)","v":0.5852510641243035},{"$f":"+IF(ISERROR('Acquirer IS'!G11/'Acquirer IS'!G9),0,'Acquirer IS'!G11/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H11/'Acquirer IS'!H9),0,'Acquirer IS'!H11/'Acquirer IS'!H9)","v":0.57669525735617388},null,0.56999999999999995,null,{"$f":"J12","v":0.56999999999999995},null,{"$f":"L12","v":0.56999999999999995},null,{"$f":"N12","v":0.56999999999999995},null,{"$f":"P12","v":0.56999999999999995}]
[null,"SG&A % annual Increase (Decrease)",null,"NA",null,{"$f":"+IF(ISERROR('Acquirer IS'!F15/'Acquirer IS'!D15-1),0,'Acquirer IS'!F15/'Acquirer IS'!D15-1)","v":0.13841248900615644},{"$f":"+IF(ISERROR('Acquirer IS'!G15/'Acquirer IS'!E15-1),0,'Acquirer IS'!G15/'Acquirer IS'!E15-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H15/'Acquirer IS'!F15-1),0,'Acquirer IS'!H15/'Acquirer IS'!F15-1)","v":7.9961371318203689E-2},null,7.9000000000000001E-2,null,7.9000000000000001E-2,null,7.9000000000000001E-2,null,7.9000000000000001E-2,null,7.9000000000000001E-2]
[null,"Other Operating Expense as a % of Sales",null,{"$f":"+IF(ISERROR('Acquirer IS'!D16/'Acquirer IS'!D9),0,'Acquirer IS'!D16/'Acquirer IS'!D9)","v":3.3156613522433147E-2},{"$f":"+IF(ISERROR('Acquirer IS'!E16/'Acquirer IS'!E9),0,'Acquirer IS'!E16/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!F16/'Acquirer IS'!F9),0,'Acquirer IS'!F16/'Acquirer IS'!F9)","v":3.7780738484963841E-2},{"$f":"+IF(ISERROR('Acquirer IS'!G16/'Acquirer IS'!G9),0,'Acquirer IS'!G16/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H16/'Acquirer IS'!H9),0,'Acquirer IS'!H16/'Acquirer IS'!H9)","v":3.6650972429835574E-2},null,3.5000000000000003E-2,null,3.5000000000000003E-2,null,3.5000000000000003E-2,null,3.5000000000000003E-2,null,3.5000000000000003E-2]
[null,"Income from Affiliates Growth",null,"NA",null,{"$f":"IF('Acquirer IS'!D23=0,0,'Acquirer IS'!F23/'Acquirer IS'!D23-1)","v":0},null,{"$f":"IF('Acquirer IS'!F23=0,0,'Acquirer IS'!H23/'Acquirer IS'!F23-1)","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"Minority Interest - % of Earnings",null,{"$f":"'Acquirer IS'!D30/('Acquirer IS'!D28-'Acquirer IS'!D31)","v":0},null,{"$f":"'Acquirer IS'!F30/('Acquirer IS'!F28-'Acquirer IS'!F31)","v":0},null,{"$f":"'Acquirer IS'!H30/('Acquirer IS'!H28-'Acquirer IS'!H31)","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"EBITDA Growth",null,"NA",null,{"$f":"+IF(ISERROR('Acquirer IS'!F49/'Acquirer IS'!D49-1),0,'Acquirer IS'!F49/'Acquirer IS'!D49-1)","v":5.2773335577812608E-2},{"$f":"+IF(ISERROR('Acquirer IS'!G49/'Acquirer IS'!E49-1),0,'Acquirer IS'!G49/'Acquirer IS'!E49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H49/'Acquirer IS'!F49-1),0,'Acquirer IS'!H49/'Acquirer IS'!F49-1)","v":0.18492165014390793},{"$f":"+IF(ISERROR('Acquirer IS'!I49/'Acquirer IS'!G49-1),0,'Acquirer IS'!I49/'Acquirer IS'!G49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!J49/'Acquirer IS'!H49-1),0,'Acquirer IS'!J49/'Acquirer IS'!H49-1)","v":6.4993418797652192E-2},{"$f":"+IF(ISERROR('Acquirer IS'!K49/'Acquirer IS'!I49-1),0,'Acquirer IS'!K49/'Acquirer IS'!I49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!L49/'Acquirer IS'!J49-1),0,'Acquirer IS'!L49/'Acquirer IS'!J49-1)","v":-9.9213415812192673E-3},{"$f":"+IF(ISERROR('Acquirer IS'!M49/'Acquirer IS'!K49-1),0,'Acquirer IS'!M49/'Acquirer IS'!K49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!N49/'Acquirer IS'!L49-1),0,'Acquirer IS'!N49/'Acquirer IS'!L49-1)","v":-1.5482645947384799E-2},{"$f":"+IF(ISERROR('Acquirer IS'!O49/'Acquirer IS'!M49-1),0,'Acquirer IS'!O49/'Acquirer IS'!M49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!P49/'Acquirer IS'!N49-1),0,'Acquirer IS'!P49/'Acquirer IS'!N49-1)","v":-2.1958853724113547E-2},{"$f":"+IF(ISERROR('Acquirer IS'!Q49/'Acquirer IS'!O49-1),0,'Acquirer IS'!Q49/'Acquirer IS'!O49-1)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!R49/'Acquirer IS'!P49-1),0,'Acquirer IS'!R49/'Acquirer IS'!P49-1)","v":-2.9593298474384966E-2}]
[null,"EBITDA Margin",null,{"$f":"+IF(ISERROR('Acquirer IS'!D49/'Acquirer IS'!D9),0,'Acquirer IS'!D49/'Acquirer IS'!D9)","v":0.11431622903657239},{"$f":"+IF(ISERROR('Acquirer IS'!E49/'Acquirer IS'!E9),0,'Acquirer IS'!E49/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!F49/'Acquirer IS'!F9),0,'Acquirer IS'!F49/'Acquirer IS'!F9)","v":0.10821192511333355},{"$f":"+IF(ISERROR('Acquirer IS'!G49/'Acquirer IS'!G9),0,'Acquirer IS'!G49/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H49/'Acquirer IS'!H9),0,'Acquirer IS'!H49/'Acquirer IS'!H9)","v":0.11847416845858078},{"$f":"+IF(ISERROR('Acquirer IS'!I49/'Acquirer IS'!I9),0,'Acquirer IS'!I49/'Acquirer IS'!I9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!J49/'Acquirer IS'!J9),0,'Acquirer IS'!J49/'Acquirer IS'!J9)","v":0.11993746169763586},{"$f":"+IF(ISERROR('Acquirer IS'!K49/'Acquirer IS'!K9),0,'Acquirer IS'!K49/'Acquirer IS'!K9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!L49/'Acquirer IS'!L9),0,'Acquirer IS'!L49/'Acquirer IS'!L9)","v":0.11287787183626349},{"$f":"+IF(ISERROR('Acquirer IS'!M49/'Acquirer IS'!M9),0,'Acquirer IS'!M49/'Acquirer IS'!M9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!N49/'Acquirer IS'!N9),0,'Acquirer IS'!N49/'Acquirer IS'!N9)","v":0.10563709478263152},{"$f":"+IF(ISERROR('Acquirer IS'!O49/'Acquirer IS'!O9),0,'Acquirer IS'!O49/'Acquirer IS'!O9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!P49/'Acquirer IS'!P9),0,'Acquirer IS'!P49/'Acquirer IS'!P9)","v":9.8210480295113478E-2},{"$f":"+IF(ISERROR('Acquirer IS'!Q49/'Acquirer IS'!Q9),0,'Acquirer IS'!Q49/'Acquirer IS'!Q9)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!R49/'Acquirer IS'!R9),0,'Acquirer IS'!R49/'Acquirer IS'!R9)","v":9.0593258781775168E-2}]
[]
[null,"Balance Sheet"]
[]
[null,"Receivable Days",null,{"$f":"+IF(ISERROR(('Acquirer BS'!D10/'Acquirer IS'!D9)*365),0,('Acquirer BS'!D10/'Acquirer IS'!D9)*365)","v":51.76256362394281},{"$f":"+IF(ISERROR(('Acquirer BS'!E10/'Acquirer IS'!E9)*365),0,('Acquirer BS'!E10/'Acquirer IS'!E9)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!F10/'Acquirer IS'!F9)*365),0,('Acquirer BS'!F10/'Acquirer IS'!F9)*365)","v":55.693540851991564},{"$f":"+IF(ISERROR(('Acquirer BS'!G10/'Acquirer IS'!G9)*365),0,('Acquirer BS'!G10/'Acquirer IS'!G9)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!H10/'Acquirer IS'!H9)*365),0,('Acquirer BS'!H10/'Acquirer IS'!H9)*365)","v":52.661372193222974},null,51,null,{"$f":"J22","v":51},{"$f":"K22","v":0},51,0,51,0,51]
[null,"Inventory Days",null,{"$f":"+IF(ISERROR(('Acquirer BS'!D11/'Acquirer IS'!D11)*365),0,('Acquirer BS'!D11/'Acquirer IS'!D11)*365)","v":69.79621958379542},{"$f":"+IF(ISERROR(('Acquirer BS'!E11/'Acquirer IS'!E11)*365),0,('Acquirer BS'!E11/'Acquirer IS'!E11)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!F11/'Acquirer IS'!F11)*365),0,('Acquirer BS'!F11/'Acquirer IS'!F11)*365)","v":71.766571073793756},{"$f":"+IF(ISERROR(('Acquirer BS'!G11/'Acquirer IS'!G11)*365),0,('Acquirer BS'!G11/'Acquirer IS'!G11)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!H11/'Acquirer IS'!H11)*365),0,('Acquirer BS'!H11/'Acquirer IS'!H11)*365)","v":73.021249168330002},null,71,null,{"$f":"J23","v":71},null,{"$f":"L23","v":71},null,{"$f":"N23","v":71},null,{"$f":"P23","v":71}]
[null,"Oth Cur Assets % of Sales",null,{"$f":"+IF(ISERROR('Acquirer BS'!D12/'Acquirer IS'!D9),0,'Acquirer BS'!D12/'Acquirer IS'!D9)","v":5.4180177232971874E-2},{"$f":"+IF(ISERROR('Acquirer BS'!E12/'Acquirer IS'!E9),0,'Acquirer BS'!E12/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR('Acquirer BS'!F12/'Acquirer IS'!F9),0,'Acquirer BS'!F12/'Acquirer IS'!F9)","v":6.1208775997508395E-2},{"$f":"+IF(ISERROR('Acquirer BS'!G12/'Acquirer IS'!G9),0,'Acquirer BS'!G12/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR('Acquirer BS'!H12/'Acquirer IS'!H9),0,'Acquirer BS'!H12/'Acquirer IS'!H9)","v":5.8457701500411671E-2},null,5.1999999999999998E-2,null,5.1999999999999998E-2,null,5.1999999999999998E-2,null,5.1999999999999998E-2,null,5.1999999999999998E-2]
[null,"Days in Accounts Payable",null,{"$f":"+IF(ISERROR(('Acquirer BS'!D29/'Acquirer IS'!D11)*365),0,('Acquirer BS'!D29/'Acquirer IS'!D11)*365)","v":32.525931241437796},{"$f":"+IF(ISERROR(('Acquirer BS'!E29/'Acquirer IS'!E11)*365),0,('Acquirer BS'!E29/'Acquirer IS'!E11)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!F29/'Acquirer IS'!F11)*365),0,('Acquirer BS'!F29/'Acquirer IS'!F11)*365)","v":33.037118614001898},{"$f":"+IF(ISERROR(('Acquirer BS'!G29/'Acquirer IS'!G11)*365),0,('Acquirer BS'!G29/'Acquirer IS'!G11)*365)","v":0},{"$f":"+IF(ISERROR(('Acquirer BS'!H29/'Acquirer IS'!H11)*365),0,('Acquirer BS'!H29/'Acquirer IS'!H11)*365)","v":32.450515635395874},null,33,null,33,null,33,null,33,null,33]
[null,"Oth Cur Liab % of COGS",null,{"$f":"+IF(ISERROR('Acquirer BS'!D30/'Acquirer IS'!D11),0,'Acquirer BS'!D30/'Acquirer IS'!D11)","v":0.18965685954726338},{"$f":"+IF(ISERROR('Acquirer BS'!E30/'Acquirer IS'!E11),0,'Acquirer BS'!E30/'Acquirer IS'!E11)","v":0},{"$f":"+IF(ISERROR('Acquirer BS'!F30/'Acquirer IS'!F11),0,'Acquirer BS'!F30/'Acquirer IS'!F11)","v":0.36967833491012303},{"$f":"+IF(ISERROR('Acquirer BS'!G30/'Acquirer IS'!G11),0,'Acquirer BS'!G30/'Acquirer IS'!G11)","v":0},{"$f":"+IF(ISERROR('Acquirer BS'!H30/'Acquirer IS'!H11),0,'Acquirer BS'!H30/'Acquirer IS'!H11)","v":0.20125027722333114},null,0.21,null,0.21,null,0.21,null,0.21,null,0.21]
[null,"Change in Other Assets",null,"NA",null,{"$f":"'Acquirer BS'!F25-'Acquirer BS'!D25","v":-332.70000000000005},null,{"$f":"'Acquirer BS'!H25-'Acquirer BS'!F25","v":-6.8999999999999773},null,0,null,0,null,0,null,0,null,0]
[null,"Change in Other LT Liabilities",null,"NA",null,{"$f":"'Acquirer BS'!F41-'Acquirer BS'!D41","v":77},null,{"$f":"'Acquirer BS'!H41-'Acquirer BS'!F41","v":110.20000000000005},null,0,null,0,null,0,null,0,null,0]
[null,"Working Capital/Sales (Excl Cash & Debt)",null,{"$f":"+IF(ISERROR((SUM('Acquirer BS'!D10:D12)-SUM('Acquirer BS'!D29:D30))/'Acquirer IS'!D9),0,(SUM('Acquirer BS'!D10:D12)-SUM('Acquirer BS'!D29:D30))/'Acquirer IS'!D9)","v":0.14434576786521824},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!E10:E12)-SUM('Acquirer BS'!E29:E30))/'Acquirer IS'!E9),0,(SUM('Acquirer BS'!E10:E12)-SUM('Acquirer BS'!E29:E30))/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!F10:F12)-SUM('Acquirer BS'!F29:F30))/'Acquirer IS'!F9),0,(SUM('Acquirer BS'!F10:F12)-SUM('Acquirer BS'!F29:F30))/'Acquirer IS'!F9)","v":5.9539052496798965E-2},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!G10:G12)-SUM('Acquirer BS'!G29:G30))/'Acquirer IS'!G9),0,(SUM('Acquirer BS'!G10:G12)-SUM('Acquirer BS'!G29:G30))/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!H10:H12)-SUM('Acquirer BS'!H29:H30))/'Acquirer IS'!H9),0,(SUM('Acquirer BS'!H10:H12)-SUM('Acquirer BS'!H29:H30))/'Acquirer IS'!H9)","v":0.15077658494472376},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!I10:I12)-SUM('Acquirer BS'!I29:I30))/'Acquirer IS'!I9),0,(SUM('Acquirer BS'!I10:I12)-SUM('Acquirer BS'!I29:I30))/'Acquirer IS'!I9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!J10:J12)-SUM('Acquirer BS'!J29:J30))/'Acquirer IS'!J9),0,(SUM('Acquirer BS'!J10:J12)-SUM('Acquirer BS'!J29:J30))/'Acquirer IS'!J9)","v":0.13136849315068491},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!K10:K12)-SUM('Acquirer BS'!K29:K30))/'Acquirer IS'!K9),0,(SUM('Acquirer BS'!K10:K12)-SUM('Acquirer BS'!K29:K30))/'Acquirer IS'!K9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!L10:L12)-SUM('Acquirer BS'!L29:L30))/'Acquirer IS'!L9),0,(SUM('Acquirer BS'!L10:L12)-SUM('Acquirer BS'!L29:L30))/'Acquirer IS'!L9)","v":0.13136849315068491},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!M10:M12)-SUM('Acquirer BS'!M29:M30))/'Acquirer IS'!M9),0,(SUM('Acquirer BS'!M10:M12)-SUM('Acquirer BS'!M29:M30))/'Acquirer IS'!M9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!N10:N12)-SUM('Acquirer BS'!N29:N30))/'Acquirer IS'!N9),0,(SUM('Acquirer BS'!N10:N12)-SUM('Acquirer BS'!N29:N30))/'Acquirer IS'!N9)","v":0.13136849315068491},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!O10:O12)-SUM('Acquirer BS'!O29:O30))/'Acquirer IS'!O9),0,(SUM('Acquirer BS'!O10:O12)-SUM('Acquirer BS'!O29:O30))/'Acquirer IS'!O9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!P10:P12)-SUM('Acquirer BS'!P29:P30))/'Acquirer IS'!P9),0,(SUM('Acquirer BS'!P10:P12)-SUM('Acquirer BS'!P29:P30))/'Acquirer IS'!P9)","v":0.13136849315068494},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!Q10:Q12)-SUM('Acquirer BS'!Q29:Q30))/'Acquirer IS'!Q9),0,(SUM('Acquirer BS'!Q10:Q12)-SUM('Acquirer BS'!Q29:Q30))/'Acquirer IS'!Q9)","v":0},{"$f":"+IF(ISERROR((SUM('Acquirer BS'!R10:R12)-SUM('Acquirer BS'!R29:R30))/'Acquirer IS'!R9),0,(SUM('Acquirer BS'!R10:R12)-SUM('Acquirer BS'!R29:R30))/'Acquirer IS'!R9)","v":0.13136849315068494}]
[]
[null,"Cash Flow"]
[]
[null,"Capital Expenditures",null,245.4,null,260.89999999999998,null,1083.4000000000001,null,{"$f":"J34*'Acquirer IS'!J9","v":855.426962},null,{"$f":"L34*'Acquirer IS'!L9","v":899.90916402400012},null,{"$f":"N34*'Acquirer IS'!N9","v":946.70444055324811},null,{"$f":"P34*'Acquirer IS'!P9","v":995.9330714620171},null,{"$f":"R34*'Acquirer IS'!R9","v":1047.721591178042}]
[null,"Capex as a % of Sales",null,{"$f":"+IF(ISERROR(D33/'Acquirer IS'!D9),0,D33/'Acquirer IS'!D9)","v":2.3611819380165686E-2},{"$f":"+IF(ISERROR(E33/'Acquirer IS'!E9),0,E33/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR(F33/'Acquirer IS'!F9),0,F33/'Acquirer IS'!F9)","v":2.2571547219434544E-2},{"$f":"+IF(ISERROR(G33/'Acquirer IS'!G9),0,G33/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR(H33/'Acquirer IS'!H9),0,H33/'Acquirer IS'!H9)","v":8.6603410099201444E-2},{"$f":"+IF(ISERROR(I33/'Acquirer IS'!I9),0,I33/'Acquirer IS'!I9)","v":0},6.5000000000000002E-2,{"$f":"+IF(ISERROR(K33/'Acquirer IS'!K9),0,K33/'Acquirer IS'!K9)","v":0},{"$f":"J34","v":6.5000000000000002E-2},{"$f":"+IF(ISERROR(M33/'Acquirer IS'!M9),0,M33/'Acquirer IS'!M9)","v":0},{"$f":"L34","v":6.5000000000000002E-2},{"$f":"+IF(ISERROR(O33/'Acquirer IS'!O9),0,O33/'Acquirer IS'!O9)","v":0},{"$f":"N34","v":6.5000000000000002E-2},{"$f":"+IF(ISERROR(Q33/'Acquirer IS'!Q9),0,Q33/'Acquirer IS'!Q9)","v":0},{"$f":"P34","v":6.5000000000000002E-2}]
[null,"Depreciation",null,739.7,null,895.6,null,983.7,null,{"$f":"J36*'Acquirer IS'!J9","v":987.03111000000001},null,{"$f":"L36*'Acquirer IS'!L9","v":1038.35672772},null,{"$f":"N36*'Acquirer IS'!N9","v":1092.3512775614402},null,{"$f":"P36*'Acquirer IS'!P9","v":1149.1535439946349},null,{"$f":"R36*'Acquirer IS'!R9","v":1208.9095282823562}]
[null,"Depreciation as a % of Sales",null,{"$f":"+IF(ISERROR(D35/'Acquirer IS'!D9),0,D35/'Acquirer IS'!D9)","v":7.1172220030597227E-2},{"$f":"+IF(ISERROR(E35/'Acquirer IS'!E9),0,E35/'Acquirer IS'!E9)","v":0},{"$f":"+IF(ISERROR(F35/'Acquirer IS'!F9),0,F35/'Acquirer IS'!F9)","v":7.7482091566598618E-2},{"$f":"+IF(ISERROR(G35/'Acquirer IS'!G9),0,G35/'Acquirer IS'!G9)","v":0},{"$f":"+IF(ISERROR(H35/'Acquirer IS'!H9),0,H35/'Acquirer IS'!H9)","v":7.8633722092103064E-2},null,7.4999999999999997E-2,null,{"$f":"J36","v":7.4999999999999997E-2},null,{"$f":"L36","v":7.4999999999999997E-2},null,{"$f":"N36","v":7.4999999999999997E-2},null,{"$f":"P36","v":7.4999999999999997E-2}]
[null,"Goodwill Amortization (pre-6/2001)",null,0,null,0,null,0,null,0,null,{"$f":"J37","v":0},null,{"$f":"L37","v":0},null,{"$f":"N37","v":0},null,{"$f":"P37","v":0}]
[null,"Amortization of Intangibles",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Retirement of Senior Debt",null,505.4,null,1.4,null,354.5,null,500,null,500,null,500,null,500,null,500]
[null,"Retirement of Subordinated Debt",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Chg in Deferred Taxes - Asset",null,"NA",null,{"$f":"'Acquirer BS'!F23-'Acquirer BS'!D23","v":0},null,{"$f":"'Acquirer BS'!H23-'Acquirer BS'!F23","v":0},null,{"$f":"AVERAGE(F41:H41)","v":0},null,0,null,0,null,0,null,0]
[null,"Chg in Deferred Taxes - Liab",null,"NA",null,{"$f":"'Acquirer BS'!F40-'Acquirer BS'!D40","v":602.70000000000027},null,{"$f":"'Acquirer BS'!H40-'Acquirer BS'!F40","v":-182.10000000000014},null,{"$f":"AVERAGE(F42:H42)","v":210.30000000000007},null,210.30000000000007,null,210.30000000000007,null,210.30000000000007,null,210.30000000000007]
[null,"Dividend from Affiliates",null,0,null,0,null,0,null,{"$f":"J44*-'Acquirer IS'!J23","v":0},null,{"$f":"L44*-'Acquirer IS'!L23","v":0},null,{"$f":"N44*-'Acquirer IS'!N23","v":0},null,{"$f":"P44*-'Acquirer IS'!P23","v":0},null,{"$f":"R44*-'Acquirer IS'!R23","v":0}]
[null,"Payout Ratio of Affiliates",null,{"$f":"IF('Acquirer IS'!D23=0,0,D43/-'Acquirer IS'!D23)","v":0},null,{"$f":"IF('Acquirer IS'!F23=0,0,F43/-'Acquirer IS'!F23)","v":0},null,{"$f":"IF('Acquirer IS'!H23=0,0,H43/-'Acquirer IS'!H23)","v":0},null,0,null,{"$f":"J44","v":0},null,{"$f":"L44","v":0},null,{"$f":"N44","v":0},null,{"$f":"P44","v":0}]
[null,"Dividends per Share",null,0,null,0,null,0,null,{"$f":"IF(J46=0,0,J46*'Acquirer IS'!J53)","v":0},null,{"$f":"IF(L46=0,0,L46*'Acquirer IS'!L53)","v":0},null,{"$f":"IF(N46=0,0,N46*'Acquirer IS'!N53)","v":0},null,{"$f":"IF(P46=0,0,P46*'Acquirer IS'!P53)","v":0},null,{"$f":"IF(R46=0,0,R46*'Acquirer IS'!R53)","v":0}]
[null,"Dividend Payout Ratio",null,{"$f":"+IF(ISERROR(D45/'Acquirer IS'!D53),0,D45/'Acquirer IS'!D53)","v":0},{"$f":"+IF(ISERROR(E45/'Acquirer IS'!E53),0,E45/'Acquirer IS'!E53)","v":0},{"$f":"+IF(ISERROR(F45/'Acquirer IS'!F53),0,F45/'Acquirer IS'!F53)","v":0},{"$f":"+IF(ISERROR(G45/'Acquirer IS'!G53),0,G45/'Acquirer IS'!G53)","v":0},{"$f":"+IF(ISERROR(H45/'Acquirer IS'!H53),0,H45/'Acquirer IS'!H53)","v":0},null,0,null,{"$f":"J46","v":0},null,{"$f":"L46","v":0},null,{"$f":"N46","v":0},null,{"$f":"P46","v":0}]
[null,"Dividends Paid",null,{"$f":"D45*D53","v":0},null,{"$f":"F45*F53","v":0},null,{"$f":"H45*H53","v":0},null,{"$f":"J45*J53","v":0},null,{"$f":"L45*L53","v":0},null,{"$f":"N45*N53","v":0},null,{"$f":"P45*P53","v":0},null,{"$f":"R45*R53","v":0}]
[null,"Effective Tax Rate",null,{"$f":"+IF(ISERROR('Acquirer IS'!D31/'Acquirer IS'!D28),0,'Acquirer IS'!D31/'Acquirer IS'!D28)","v":0.36851650344577364},{"$f":"+IF(ISERROR('Acquirer IS'!E31/'Acquirer IS'!E28),0,'Acquirer IS'!E31/'Acquirer IS'!E28)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!F31/'Acquirer IS'!F28),0,'Acquirer IS'!F31/'Acquirer IS'!F28)","v":3.1168091168091352},{"$f":"+IF(ISERROR('Acquirer IS'!G31/'Acquirer IS'!G28),0,'Acquirer IS'!G31/'Acquirer IS'!G28)","v":0},{"$f":"+IF(ISERROR('Acquirer IS'!H31/'Acquirer IS'!H28),0,'Acquirer IS'!H31/'Acquirer IS'!H28)","v":0.73825503355706501},null,0.26,null,{"$f":"J48","v":0.26},null,{"$f":"L48","v":0.26},null,{"$f":"N48","v":0.26},null,{"$f":"P48","v":0.26}]
[null,"Marginal Tax Rate",null,0.4,0.4,0.4,0.4,0.4,null,0.4,0.4,0.4,0.4,0.4,0.4,0.4,0.4,0.4]
[]
[null,"Other"]
[]
[null,"Shares Outstanding - Basic",null,0,null,0,null,358.1,null,358.1,null,{"$f":"J53","v":358.1},null,{"$f":"L53","v":358.1},null,{"$f":"N53","v":358.1},null,{"$f":"P53","v":358.1}]
[null,"Shares Outstanding - Diluted",null,0,null,0,null,361.7,null,361.7,null,{"$f":"J54","v":361.7},null,{"$f":"L54","v":361.7},null,{"$f":"N54","v":361.7},null,{"$f":"P54","v":361.7}]
[null,"Revolving Credit Facility Rate",null,0,null,0,null,0,null,{"$f":"Summary!O11","v":4.3999999999999997E-2},0,{"$f":"J55","v":4.3999999999999997E-2},0,{"$f":"L55","v":4.3999999999999997E-2},0,{"$f":"N55","v":4.3999999999999997E-2},0,{"$f":"P55","v":4.3999999999999997E-2}]
[null,"Senior Debt Rate",null,0,null,0,null,0,null,0.05,null,{"$f":"J56","v":0.05},null,{"$f":"L56","v":0.05},null,{"$f":"N56","v":0.05},null,{"$f":"P56","v":0.05}]
[null,"Subordinated Debt",null,0,null,0,null,0,null,0.08,null,{"$f":"J57","v":0.08},null,{"$f":"L57","v":0.08},null,{"$f":"N57","v":0.08},null,{"$f":"P57","v":0.08}]
[null,"Average Interest Rate",null,"NA",null,{"$f":"IF(AVERAGE('Acquirer BS'!D38:F38)=0,0,'Acquirer IS'!F26/AVERAGE('Acquirer BS'!D38:F38))","v":4.5024913956952801E-2},null,{"$f":"IF(AVERAGE('Acquirer BS'!F38:H38)=0,0,'Acquirer IS'!H26/AVERAGE('Acquirer BS'!F38:H38))","v":3.7790152036538821E-2},null,{"$f":"IF(AVERAGE('Acquirer BS'!H38:J38)=0,0,'Acquirer IS'!J26/AVERAGE('Acquirer BS'!H38:J38))","v":0.05},{"$f":"IF(AVERAGE('Acquirer BS'!I38:K38)=0,0,'Acquirer IS'!K26/AVERAGE('Acquirer BS'!I38:K38))","v":0},{"$f":"IF(AVERAGE('Acquirer BS'!J38:L38)=0,0,'Acquirer IS'!L26/AVERAGE('Acquirer BS'!J38:L38))","v":0.05},null,{"$f":"IF(AVERAGE('Acquirer BS'!L38:N38)=0,0,'Acquirer IS'!N26/AVERAGE('Acquirer BS'!L38:N38))","v":0.05},null,{"$f":"IF(AVERAGE('Acquirer BS'!N38:P38)=0,0,'Acquirer IS'!P26/AVERAGE('Acquirer BS'!N38:P38))","v":0.05},null,{"$f":"IF(AVERAGE('Acquirer BS'!P38:R38)=0,0,'Acquirer IS'!R26/AVERAGE('Acquirer BS'!P38:R38))","v":0.05}]
[null,"Marketable Securities Rate",null,0,null,0,null,0,null,0,null,{"$f":"J59","v":0},null,{"$f":"L59","v":0},null,{"$f":"N59","v":0},null,{"$f":"P59","v":0}]

{"sheet":"Acquirer IS","index":7,"n_rows":57,"n_cols":22,"rows_kept":57,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Acquirer Assumptions'!A1","v":"Acquirer"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Income Statement"]
["($Millions except per share data)"]
[]
[]
[]
[null,null,null,{"$f":"'Acquirer Assumptions'!D6","v":"Actual"},null,null,null,null,null,{"$f":"'Acquirer Assumptions'!J6","v":"Projections for the Period Ending December 31,"},null,null,null,null,null,null,null,null,null,null,1," 0 = circ off"]
[null,null,null,{"$f":"'Acquirer Assumptions'!D7","v":2013},null,{"$f":"'Acquirer Assumptions'!F7","v":2014},null,{"$f":"'Acquirer Assumptions'!H7","v":2015},null,{"$f":"'Acquirer Assumptions'!J7","v":2016},null,{"$f":"'Acquirer Assumptions'!L7","v":2017},null,{"$f":"'Acquirer Assumptions'!N7","v":2018},null,{"$f":"'Acquirer Assumptions'!P7","v":2019},null,{"$f":"'Acquirer Assumptions'!R7","v":2020},null,null,null," 1 = circ on"]
[]
[null,"Sales",null,10393.1,null,11558.8,null,12509.9,null,{"$f":"H9*(1+'Acquirer Assumptions'!J11)","v":13160.4148},null,{"$f":"J9*(1+'Acquirer Assumptions'!L11)","v":13844.756369600002},null,{"$f":"L9*(1+'Acquirer Assumptions'!N11)","v":14564.683700819201},null,{"$f":"N9*(1+'Acquirer Assumptions'!P11)","v":15322.047253261801},null,{"$f":"P9*(1+'Acquirer Assumptions'!R11)","v":16118.793710431415}]
[]
[null,"  Cost of Goods Sold",null,{"$f":"5264.7+866.9","v":6131.5999999999995},null,{"$f":"5733.4+1031.4","v":6764.7999999999993},null,{"$f":"6101.3+1113.1","v":7214.4},null,{"$f":"J9*'Acquirer Assumptions'!J12","v":7501.436436},null,{"$f":"L9*'Acquirer Assumptions'!L12","v":7891.511130672},null,{"$f":"N9*'Acquirer Assumptions'!N12","v":8301.8697094669442},null,{"$f":"P9*'Acquirer Assumptions'!P12","v":8733.5669343592253},null,{"$f":"R9*'Acquirer Assumptions'!R12","v":9187.712414945905}]
[]
[null,"Gross Profit",null,{"$f":"D9-D11","v":4261.5000000000009},null,{"$f":"F9-F11","v":4794},null,{"$f":"H9-H11","v":5295.5},null,{"$f":"J9-J11","v":5658.9783640000005},null,{"$f":"L9-L11","v":5953.2452389280015},null,{"$f":"N9-N11","v":6262.8139913522573},null,{"$f":"P9-P11","v":6588.4803189025752},null,{"$f":"R9-R11","v":6931.0812954855101}]
[]
[null,"  SG&A",null,2728.8,null,3106.5,null,3354.9,null,{"$f":"H15*(1+'Acquirer Assumptions'!J13)","v":3619.9371000000001},null,{"$f":"J15*(1+'Acquirer Assumptions'!L13)","v":3905.9121308999997},null,{"$f":"L15*(1+'Acquirer Assumptions'!N13)","v":4214.4791892410994},null,{"$f":"N15*(1+'Acquirer Assumptions'!P13)","v":4547.4230451911462},null,{"$f":"P15*(1+'Acquirer Assumptions'!R13)","v":4906.669465761247}]
[null,"  Other Operating Expense",null,{"$f":"284.4+60.2","v":344.59999999999997},null,{"$f":"340.2+96.5","v":436.7},null,{"$f":"376.4+82.1","v":458.5},null,{"$f":"J9*'Acquirer Assumptions'!J14","v":460.61451800000003},null,{"$f":"L9*'Acquirer Assumptions'!L14","v":484.56647293600008},null,{"$f":"N9*'Acquirer Assumptions'!N14","v":509.76392952867212},null,{"$f":"P9*'Acquirer Assumptions'!P14","v":536.27165386416311},null,{"$f":"R9*'Acquirer Assumptions'!R14","v":564.15777986509954}]
[null,"  Depreciation",null,{"$f":"'Acquirer Assumptions'!D35","v":739.7},null,{"$f":"'Acquirer Assumptions'!F35","v":895.6},null,{"$f":"'Acquirer Assumptions'!H35","v":983.7},null,{"$f":"'Acquirer Assumptions'!J35","v":987.03111000000001},null,{"$f":"'Acquirer Assumptions'!L35","v":1038.35672772},null,{"$f":"'Acquirer Assumptions'!N35","v":1092.3512775614402},null,{"$f":"'Acquirer Assumptions'!P35","v":1149.1535439946349},null,{"$f":"'Acquirer Assumptions'!R35","v":1208.9095282823562}]
[null,"  Amortization",null,{"$f":"'Acquirer Assumptions'!D37+'Acquirer Assumptions'!D38","v":0},null,{"$f":"'Acquirer Assumptions'!F37+'Acquirer Assumptions'!F38","v":0},null,{"$f":"'Acquirer Assumptions'!H37+'Acquirer Assumptions'!H38","v":0},null,{"$f":"'Acquirer Assumptions'!J37+'Acquirer Assumptions'!J38","v":0},null,{"$f":"'Acquirer Assumptions'!L37+'Acquirer Assumptions'!L38","v":0},null,{"$f":"'Acquirer Assumptions'!N37+'Acquirer Assumptions'!N38","v":0},null,{"$f":"'Acquirer Assumptions'!P37+'Acquirer Assumptions'!P38","v":0},null,{"$f":"'Acquirer Assumptions'!R37+'Acquirer Assumptions'!R38","v":0}]
[]
[null,"EBIT",null,{"$f":"D13-SUM(D15:D18)","v":448.40000000000055},null,{"$f":"F13-SUM(F15:F18)","v":355.19999999999982},null,{"$f":"H13-SUM(H15:H18)","v":498.39999999999964},null,{"$f":"J13-SUM(J15:J18)","v":591.3956360000002},null,{"$f":"L13-SUM(L15:L18)","v":524.40990737200173},null,{"$f":"N13-SUM(N15:N18)","v":446.21959502104619},null,{"$f":"P13-SUM(P15:P18)","v":355.63207585263081},null,{"$f":"R13-SUM(R15:R18)","v":251.34452157680698}]
[]
[null,"  Unusual (Gain) Loss",null,0,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"  (Income) from Affiliates",null,0,null,0,null,0,null,{"$f":"H23*(1+'Acquirer Assumptions'!J15)","v":0},null,{"$f":"J23*(1+'Acquirer Assumptions'!L15)","v":0},null,{"$f":"L23*(1+'Acquirer Assumptions'!N15)","v":0},null,{"$f":"N23*(1+'Acquirer Assumptions'!P15)","v":0},null,{"$f":"P23*(1+'Acquirer Assumptions'!R15)","v":0}]
[null,"  Other Expense (Income)",null,100.4,null,118,null,212.7,null,0,null,{"$f":"J24","v":0},null,{"$f":"L24","v":0},null,0,null,0]
[null,"  Interest (Income)",null,-12.4,null,26.8,null,29.2,null,{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!J59*AVERAGE('Acquirer BS'!H9:J9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!K59*AVERAGE('Acquirer BS'!I9:K9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!L59*AVERAGE('Acquirer BS'!J9:L9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!M59*AVERAGE('Acquirer BS'!K9:M9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!N59*AVERAGE('Acquirer BS'!L9:N9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!O59*AVERAGE('Acquirer BS'!M9:O9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!P59*AVERAGE('Acquirer BS'!N9:P9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!Q59*AVERAGE('Acquirer BS'!O9:Q9))","v":0},{"$f":"IF($U$6=0,0,-'Acquirer Assumptions'!R59*AVERAGE('Acquirer BS'!P9:R9))","v":0}]
[null,"  Interest Expense",null,84.7,null,175.3,null,241.6,null,{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!J55*AVERAGE('Acquirer BS'!H34:J34)+'Acquirer Assumptions'!J56*AVERAGE('Acquirer BS'!H35:J35)+'Acquirer Assumptions'!J57*'Acquirer BS'!H36:J36)","v":339.06},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!K55*AVERAGE('Acquirer BS'!I34:K34)+'Acquirer Assumptions'!K56*AVERAGE('Acquirer BS'!I35:K35)+'Acquirer Assumptions'!K57*'Acquirer BS'!I36:K36)","v":0},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!L55*AVERAGE('Acquirer BS'!J34:L34)+'Acquirer Assumptions'!L56*AVERAGE('Acquirer BS'!J35:L35)+'Acquirer Assumptions'!L57*'Acquirer BS'!J36:L36)","v":314.06},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!M55*AVERAGE('Acquirer BS'!K34:M34)+'Acquirer Assumptions'!M56*AVERAGE('Acquirer BS'!K35:M35)+'Acquirer Assumptions'!M57*'Acquirer BS'!K36:M36)","v":0},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!N55*AVERAGE('Acquirer BS'!L34:N34)+'Acquirer Assumptions'!N56*AVERAGE('Acquirer BS'!L35:N35)+'Acquirer Assumptions'!N57*'Acquirer BS'!L36:N36)","v":289.06},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!O55*AVERAGE('Acquirer BS'!M34:O34)+'Acquirer Assumptions'!O56*AVERAGE('Acquirer BS'!M35:O35)+'Acquirer Assumptions'!O57*'Acquirer BS'!M36:O36)","v":0},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!P55*AVERAGE('Acquirer BS'!N34:P34)+'Acquirer Assumptions'!P56*AVERAGE('Acquirer BS'!N35:P35)+'Acquirer Assumptions'!P57*'Acquirer BS'!N36:P36)","v":264.06},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!Q55*AVERAGE('Acquirer BS'!O34:Q34)+'Acquirer Assumptions'!Q56*AVERAGE('Acquirer BS'!O35:Q35)+'Acquirer Assumptions'!Q57*'Acquirer BS'!O36:Q36)","v":0},{"$f":"IF($U$6=0,0,'Acquirer Assumptions'!R55*AVERAGE('Acquirer BS'!P34:R34)+'Acquirer Assumptions'!R56*AVERAGE('Acquirer BS'!P35:R35)+'Acquirer Assumptions'!R57*'Acquirer BS'!P36:R36)","v":239.06}]
[]
[null,"Earnings before Taxes",null,{"$f":"D20-SUM(D22:D26)","v":275.70000000000056},null,{"$f":"F20-SUM(F22:F26)","v":35.099999999999795},null,{"$f":"H20-SUM(H22:H26)","v":14.899999999999636},null,{"$f":"J20-SUM(J22:J26)","v":252.33563600000019},null,{"$f":"L20-SUM(L22:L26)","v":210.34990737200172},null,{"$f":"N20-SUM(N22:N26)","v":157.15959502104619},null,{"$f":"P20-SUM(P22:P26)","v":91.572075852630803},null,{"$f":"R20-SUM(R22:R26)","v":12.284521576806981}]
[]
[null,"  Noncontrolling Interest",null,0,null,0,null,0,null,{"$f":"'Acquirer Assumptions'!J16*(J28-J31)","v":0},null,{"$f":"'Acquirer Assumptions'!L16*(L28-L31)","v":0},null,{"$f":"'Acquirer Assumptions'!N16*(N28-N31)","v":0},null,{"$f":"'Acquirer Assumptions'!P16*(P28-P31)","v":0},null,{"$f":"'Acquirer Assumptions'!R16*(R28-R31)","v":0}]
[null,"  Taxes",null,101.6,null,109.4,null,11,null,{"$f":"J28*'Acquirer Assumptions'!J48","v":65.607265360000056},null,{"$f":"L28*'Acquirer Assumptions'!L48","v":54.690975916720447},null,{"$f":"N28*'Acquirer Assumptions'!N48","v":40.861494705472012},null,{"$f":"P28*'Acquirer Assumptions'!P48","v":23.80873972168401},null,{"$f":"R28*'Acquirer Assumptions'!R48","v":3.1939756099698151}]
[]
[null,"Net Income before Extra Items",null,{"$f":"D28-D30-D31","v":174.10000000000056},null,{"$f":"F28-F30-F31","v":-74.30000000000021},null,{"$f":"H28-H30-H31","v":3.8999999999996362},null,{"$f":"J28-J30-J31","v":186.72837064000015},null,{"$f":"L28-L30-L31","v":155.65893145528128},null,{"$f":"N28-N30-N31","v":116.29810031557417},null,{"$f":"P28-P30-P31","v":67.763336130946797},null,{"$f":"R28-R30-R31","v":9.0905459668371655}]
[]
[null,"  Extraordinary Items",null,47,null,1.7,null,-19.2,null,0,null,0,null,0,null,0,null,0]
[null,"  Discontinued Operations",null,2.5,0,304.8,0,-61.3,null,0,0,0,0,0,0,0,0,0]
[]
[null,"Net Income after Extra Items",null,{"$f":"D33+D35+D36","v":223.60000000000056},null,{"$f":"F33+F35+F36","v":232.19999999999982},null,{"$f":"H33+H35+H36","v":-76.600000000000364},null,{"$f":"J33+J35+J36","v":186.72837064000015},null,{"$f":"L33+L35+L36","v":155.65893145528128},null,{"$f":"N33+N35+N36","v":116.29810031557417},null,{"$f":"P33+P35+P36","v":67.763336130946797},null,{"$f":"R33+R35+R36","v":9.0905459668371655}]
[]
[null,"EPS - Basic",null,{"$f":"+IF(ISERROR(D33/'Acquirer Assumptions'!D53),0,D33/'Acquirer Assumptions'!D53)","v":0},{"$f":"+IF(ISERROR(E33/'Acquirer Assumptions'!E53),0,E33/'Acquirer Assumptions'!E53)","v":0},{"$f":"+IF(ISERROR(F33/'Acquirer Assumptions'!F53),0,F33/'Acquirer Assumptions'!F53)","v":0},{"$f":"+IF(ISERROR(G33/'Acquirer Assumptions'!G53),0,G33/'Acquirer Assumptions'!G53)","v":0},{"$f":"+IF(ISERROR(H33/'Acquirer Assumptions'!H53),0,H33/'Acquirer Assumptions'!H53)","v":1.0890812622171561E-2},{"$f":"+IF(ISERROR(I33/'Acquirer Assumptions'!I53),0,I33/'Acquirer Assumptions'!I53)","v":0},{"$f":"+IF(ISERROR(J33/'Acquirer Assumptions'!J53),0,J33/'Acquirer Assumptions'!J53)","v":0.52144197330354691},{"$f":"+IF(ISERROR(K33/'Acquirer Assumptions'!K53),0,K33/'Acquirer Assumptions'!K53)","v":0},{"$f":"+IF(ISERROR(L33/'Acquirer Assumptions'!L53),0,L33/'Acquirer Assumptions'!L53)","v":0.43468006549924953},{"$f":"+IF(ISERROR(M33/'Acquirer Assumptions'!M53),0,M33/'Acquirer Assumptions'!M53)","v":0},{"$f":"+IF(ISERROR(N33/'Acquirer Assumptions'!N53),0,N33/'Acquirer Assumptions'!N53)","v":0.32476431252603788},{"$f":"+IF(ISERROR(O33/'Acquirer Assumptions'!O53),0,O33/'Acquirer Assumptions'!O53)","v":0},{"$f":"+IF(ISERROR(P33/'Acquirer Assumptions'!P53),0,P33/'Acquirer Assumptions'!P53)","v":0.18923020421934317},{"$f":"+IF(ISERROR(Q33/'Acquirer Assumptions'!Q53),0,Q33/'Acquirer Assumptions'!Q53)","v":0},{"$f":"+IF(ISERROR(R33/'Acquirer Assumptions'!R53),0,R33/'Acquirer Assumptions'!R53)","v":2.5385495578992362E-2}]
[]
[null,"EPS - Diluted",null,{"$f":"+IF(ISERROR(D33/'Acquirer Assumptions'!D54),0,D33/'Acquirer Assumptions'!D54)","v":0},{"$f":"+IF(ISERROR(E33/'Acquirer Assumptions'!E54),0,E33/'Acquirer Assumptions'!E54)","v":0},{"$f":"+IF(ISERROR(F33/'Acquirer Assumptions'!F54),0,F33/'Acquirer Assumptions'!F54)","v":0},{"$f":"+IF(ISERROR(G33/'Acquirer Assumptions'!G54),0,G33/'Acquirer Assumptions'!G54)","v":0},{"$f":"+IF(ISERROR(H33/'Acquirer Assumptions'!H54),0,H33/'Acquirer Assumptions'!H54)","v":1.0782416367154095E-2},{"$f":"+IF(ISERROR(I33/'Acquirer Assumptions'!I54),0,I33/'Acquirer Assumptions'!I54)","v":0},{"$f":"+IF(ISERROR(J33/'Acquirer Assumptions'!J54),0,J33/'Acquirer Assumptions'!J54)","v":0.51625206148742098},{"$f":"+IF(ISERROR(K33/'Acquirer Assumptions'!K54),0,K33/'Acquirer Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR(L33/'Acquirer Assumptions'!L54),0,L33/'Acquirer Assumptions'!L54)","v":0.43035369492751252},{"$f":"+IF(ISERROR(M33/'Acquirer Assumptions'!M54),0,M33/'Acquirer Assumptions'!M54)","v":0},{"$f":"+IF(ISERROR(N33/'Acquirer Assumptions'!N54),0,N33/'Acquirer Assumptions'!N54)","v":0.32153193341325459},{"$f":"+IF(ISERROR(O33/'Acquirer Assumptions'!O54),0,O33/'Acquirer Assumptions'!O54)","v":0},{"$f":"+IF(ISERROR(P33/'Acquirer Assumptions'!P54),0,P33/'Acquirer Assumptions'!P54)","v":0.18734679604906496},{"$f":"+IF(ISERROR(Q33/'Acquirer Assumptions'!Q54),0,Q33/'Acquirer Assumptions'!Q54)","v":0},{"$f":"+IF(ISERROR(R33/'Acquirer Assumptions'!R54),0,R33/'Acquirer Assumptions'!R54)","v":2.5132833748513037E-2}]
[]
[null,"Other Financial Data"]
[]
[null,"Depreciation & Amortization",null,{"$f":"'Acquirer Assumptions'!D35+'Acquirer Assumptions'!D37+'Acquirer Assumptions'!D38","v":739.7},null,{"$f":"'Acquirer Assumptions'!F35+'Acquirer Assumptions'!F37+'Acquirer Assumptions'!F38","v":895.6},null,{"$f":"'Acquirer Assumptions'!H35+'Acquirer Assumptions'!H37+'Acquirer Assumptions'!H38","v":983.7},null,{"$f":"'Acquirer Assumptions'!J35+'Acquirer Assumptions'!J37+'Acquirer Assumptions'!J38","v":987.03111000000001},null,{"$f":"'Acquirer Assumptions'!L35+'Acquirer Assumptions'!L37+'Acquirer Assumptions'!L38","v":1038.35672772},null,{"$f":"'Acquirer Assumptions'!N35+'Acquirer Assumptions'!N37+'Acquirer Assumptions'!N38","v":1092.3512775614402},null,{"$f":"'Acquirer Assumptions'!P35+'Acquirer Assumptions'!P37+'Acquirer Assumptions'!P38","v":1149.1535439946349},null,{"$f":"'Acquirer Assumptions'!R35+'Acquirer Assumptions'!R37+'Acquirer Assumptions'!R38","v":1208.9095282823562}]
[null,"Capital Expenditures",null,{"$f":"'Acquirer Assumptions'!D33","v":245.4},null,{"$f":"'Acquirer Assumptions'!F33","v":260.89999999999998},null,{"$f":"'Acquirer Assumptions'!H33","v":1083.4000000000001},null,{"$f":"'Acquirer Assumptions'!J33","v":855.426962},null,{"$f":"'Acquirer Assumptions'!L33","v":899.90916402400012},null,{"$f":"'Acquirer Assumptions'!N33","v":946.70444055324811},null,{"$f":"'Acquirer Assumptions'!P33","v":995.9330714620171},null,{"$f":"'Acquirer Assumptions'!R33","v":1047.721591178042}]
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[null,"EBITDA",null,{"$f":"D20+D46","v":1188.1000000000006},null,{"$f":"F20+F46","v":1250.7999999999997},null,{"$f":"H20+H46","v":1482.0999999999997},null,{"$f":"J20+J46","v":1578.4267460000001},null,{"$f":"L20+L46","v":1562.7666350920017},null,{"$f":"N20+N46","v":1538.5708725824863},null,{"$f":"P20+P46","v":1504.7856198472657},null,{"$f":"R20+R46","v":1460.2540498591632}]
[]
[null,"EPS (Excluding Unusual Items)",null,{"$f":"IF(ISERROR((D33+D22*(1-'Acquirer Assumptions'!D48))/'Acquirer Assumptions'!D54),0,(D33+D22*(1-'Acquirer Assumptions'!D48))/'Acquirer Assumptions'!D54)","v":0},{"$f":"IF(ISERROR((E33+E22*(1-'Acquirer Assumptions'!E48))/'Acquirer Assumptions'!E54),0,(E33+E22*(1-'Acquirer Assumptions'!E48))/'Acquirer Assumptions'!E54)","v":0},{"$f":"IF(ISERROR((F33+F22*(1-'Acquirer Assumptions'!F48))/'Acquirer Assumptions'!F54),0,(F33+F22*(1-'Acquirer Assumptions'!F48))/'Acquirer Assumptions'!F54)","v":0},{"$f":"IF(ISERROR((G33+G22*(1-'Acquirer Assumptions'!G48))/'Acquirer Assumptions'!G54),0,(G33+G22*(1-'Acquirer Assumptions'!G48))/'Acquirer Assumptions'!G54)","v":0},{"$f":"IF(ISERROR((H33+H22*(1-'Acquirer Assumptions'!H48))/'Acquirer Assumptions'!H54),0,(H33+H22*(1-'Acquirer Assumptions'!H48))/'Acquirer Assumptions'!H54)","v":1.0782416367154095E-2},{"$f":"IF(ISERROR((I33+I22*(1-'Acquirer Assumptions'!I48))/'Acquirer Assumptions'!I54),0,(I33+I22*(1-'Acquirer Assumptions'!I48))/'Acquirer Assumptions'!I54)","v":0},{"$f":"IF(ISERROR((J33+J22*(1-'Acquirer Assumptions'!J48))/'Acquirer Assumptions'!J54),0,(J33+J22*(1-'Acquirer Assumptions'!J48))/'Acquirer Assumptions'!J54)","v":0.51625206148742098},{"$f":"IF(ISERROR((K33+K22*(1-'Acquirer Assumptions'!K48))/'Acquirer Assumptions'!K54),0,(K33+K22*(1-'Acquirer Assumptions'!K48))/'Acquirer Assumptions'!K54)","v":0},{"$f":"IF(ISERROR((L33+L22*(1-'Acquirer Assumptions'!L48))/'Acquirer Assumptions'!L54),0,(L33+L22*(1-'Acquirer Assumptions'!L48))/'Acquirer Assumptions'!L54)","v":0.43035369492751252},{"$f":"IF(ISERROR((M33+M22*(1-'Acquirer Assumptions'!M48))/'Acquirer Assumptions'!M54),0,(M33+M22*(1-'Acquirer Assumptions'!M48))/'Acquirer Assumptions'!M54)","v":0},{"$f":"IF(ISERROR((N33+N22*(1-'Acquirer Assumptions'!N48))/'Acquirer Assumptions'!N54),0,(N33+N22*(1-'Acquirer Assumptions'!N48))/'Acquirer Assumptions'!N54)","v":0.32153193341325459},{"$f":"IF(ISERROR((O33+O22*(1-'Acquirer Assumptions'!O48))/'Acquirer Assumptions'!O54),0,(O33+O22*(1-'Acquirer Assumptions'!O48))/'Acquirer Assumptions'!O54)","v":0},{"$f":"IF(ISERROR((P33+P22*(1-'Acquirer Assumptions'!P48))/'Acquirer Assumptions'!P54),0,(P33+P22*(1-'Acquirer Assumptions'!P48))/'Acquirer Assumptions'!P54)","v":0.18734679604906496},{"$f":"IF(ISERROR((Q33+Q22*(1-'Acquirer Assumptions'!Q48))/'Acquirer Assumptions'!Q54),0,(Q33+Q22*(1-'Acquirer Assumptions'!Q48))/'Acquirer Assumptions'!Q54)","v":0},{"$f":"IF(ISERROR((R33+R22*(1-'Acquirer Assumptions'!R48))/'Acquirer Assumptions'!R54),0,(R33+R22*(1-'Acquirer Assumptions'!R48))/'Acquirer Assumptions'!R54)","v":2.5132833748513037E-2}]
[]
[null,"Cash EPS",null,null,null,{"$f":"+IF(ISERROR('Acquirer CF'!F25/'Acquirer Assumptions'!F54),0,'Acquirer CF'!F25/'Acquirer Assumptions'!F54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!G25/'Acquirer Assumptions'!G54),0,'Acquirer CF'!G25/'Acquirer Assumptions'!G54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!H25/'Acquirer Assumptions'!H54),0,'Acquirer CF'!H25/'Acquirer Assumptions'!H54)","v":-0.98396461155654014},{"$f":"+IF(ISERROR('Acquirer CF'!I25/'Acquirer Assumptions'!I54),0,'Acquirer CF'!I25/'Acquirer Assumptions'!I54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!J25/'Acquirer Assumptions'!J54),0,'Acquirer CF'!J25/'Acquirer Assumptions'!J54)","v":4.2615306030578584},{"$f":"+IF(ISERROR('Acquirer CF'!K25/'Acquirer Assumptions'!K54),0,'Acquirer CF'!K25/'Acquirer Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!L25/'Acquirer Assumptions'!L54),0,'Acquirer CF'!L25/'Acquirer Assumptions'!L54)","v":3.6339915354618593},{"$f":"+IF(ISERROR('Acquirer CF'!M25/'Acquirer Assumptions'!M54),0,'Acquirer CF'!M25/'Acquirer Assumptions'!M54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!N25/'Acquirer Assumptions'!N54),0,'Acquirer CF'!N25/'Acquirer Assumptions'!N54)","v":3.661525046161886},{"$f":"+IF(ISERROR('Acquirer CF'!O25/'Acquirer Assumptions'!O54),0,'Acquirer CF'!O25/'Acquirer Assumptions'!O54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!P25/'Acquirer Assumptions'!P54),0,'Acquirer CF'!P25/'Acquirer Assumptions'!P54)","v":3.6707856551671223},{"$f":"+IF(ISERROR('Acquirer CF'!Q25/'Acquirer Assumptions'!Q54),0,'Acquirer CF'!Q25/'Acquirer Assumptions'!Q54)","v":0},{"$f":"+IF(ISERROR('Acquirer CF'!R25/'Acquirer Assumptions'!R54),0,'Acquirer CF'!R25/'Acquirer Assumptions'!R54)","v":3.659476618047206}]
[]
[null,"Dividends per share",null,null,null,{"$f":"'Acquirer Assumptions'!F45","v":0},null,{"$f":"'Acquirer Assumptions'!H45","v":0},null,{"$f":"'Acquirer Assumptions'!J45","v":0},null,{"$f":"'Acquirer Assumptions'!L45","v":0},null,{"$f":"'Acquirer Assumptions'!N45","v":0},null,{"$f":"'Acquirer Assumptions'!P45","v":0},null,{"$f":"'Acquirer Assumptions'!R45","v":0}]
[]
[null,"Dividend-adjusted Cash EPS",null,null,null,{"$f":"F53-F55","v":0},null,{"$f":"H53-H55","v":-0.98396461155654014},null,{"$f":"J53-J55","v":4.2615306030578584},null,{"$f":"L53-L55","v":3.6339915354618593},null,{"$f":"N53-N55","v":3.661525046161886},null,{"$f":"P53-P55","v":3.6707856551671223},null,{"$f":"R53-R55","v":3.659476618047206}]

{"sheet":"Acquirer BS","index":8,"n_rows":57,"n_cols":19,"rows_kept":57,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Acquirer Assumptions'!A1","v":"Acquirer"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance Sheet"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,{"$f":"'Acquirer IS'!D6","v":"Actual"},null,null,null,null,null,{"$f":"'Acquirer IS'!J6","v":"Projections for the Period Ending December 31,"}]
[null,null,null,{"$f":"'Acquirer IS'!D7","v":2013},null,{"$f":"'Acquirer IS'!F7","v":2014},null,{"$f":"'Acquirer IS'!H7","v":2015},null,{"$f":"'Acquirer IS'!J7","v":2016},null,{"$f":"'Acquirer IS'!L7","v":2017},null,{"$f":"'Acquirer IS'!N7","v":2018},null,{"$f":"'Acquirer IS'!P7","v":2019},null,{"$f":"'Acquirer IS'!R7","v":2020}]
[]
[null,"Cash and ST Investments",null,{"$f":"917.8+8.7","v":926.5},null,{"$f":"1016.3+4.3","v":1020.5999999999999},null,{"$f":"851+4.3","v":855.3},null,{"$f":"'Acquirer CF'!J50","v":1041.2686571260274},null,{"$f":"'Acquirer CF'!L50","v":955.77423147858167},null,{"$f":"'Acquirer CF'!N50","v":833.44340012208772},null,{"$f":"'Acquirer CF'!P50","v":665.23350013401864},null,{"$f":"'Acquirer CF'!R50","v":441.14460170365101}]
[null,"Accounts Receivable",null,1473.9,null,1763.7,null,1804.9,null,{"$f":"('Acquirer Assumptions'!J22*'Acquirer IS'!J9)/365","v":1838.8524789041096},null,{"$f":"('Acquirer Assumptions'!L22*'Acquirer IS'!L9)/365","v":1934.4728078071234},null,{"$f":"('Acquirer Assumptions'!N22*'Acquirer IS'!N9)/365","v":2035.0653938130938},null,{"$f":"('Acquirer Assumptions'!P22*'Acquirer IS'!P9)/365","v":2140.8887942913748},null,{"$f":"('Acquirer Assumptions'!R22*'Acquirer IS'!R9)/365","v":2252.2150115945265}]
[null,"Inventory",null,1172.5,null,1330.1,null,1443.3,null,{"$f":"('Acquirer Assumptions'!J23*'Acquirer IS'!J11)/365","v":1459.1835259068494},null,{"$f":"('Acquirer Assumptions'!L23*'Acquirer IS'!L11)/365","v":1535.0610692540056},null,{"$f":"('Acquirer Assumptions'!N23*'Acquirer IS'!N11)/365","v":1614.8842448552139},null,{"$f":"('Acquirer Assumptions'!P23*'Acquirer IS'!P11)/365","v":1698.858225587685},null,{"$f":"('Acquirer Assumptions'!R23*'Acquirer IS'!R11)/365","v":1787.1988533182446}]
[null,"Other",null,{"$f":"181.6+381.5","v":563.1},null,{"$f":"157.8+549.7","v":707.5},null,{"$f":"182+549.3","v":731.3},null,{"$f":"'Acquirer IS'!J9*'Acquirer Assumptions'!J24","v":684.34156959999996},null,{"$f":"'Acquirer IS'!L9*'Acquirer Assumptions'!L24","v":719.92733121920003},null,{"$f":"'Acquirer IS'!N9*'Acquirer Assumptions'!N24","v":757.36355244259846},null,{"$f":"'Acquirer IS'!P9*'Acquirer Assumptions'!P24","v":796.74645716961356},null,{"$f":"'Acquirer IS'!R9*'Acquirer Assumptions'!R24","v":838.17727294243355}]
[]
[null,"  Current Assets",null,{"$f":"SUM(D9:D12)","v":4136},null,{"$f":"SUM(F9:F12)","v":4821.8999999999996},null,{"$f":"SUM(H9:H12)","v":4834.8},null,{"$f":"SUM(J9:J12)","v":5023.6462315369863},null,{"$f":"SUM(L9:L12)","v":5145.2354397589106},null,{"$f":"SUM(N9:N12)","v":5240.7565912329937},null,{"$f":"SUM(P9:P12)","v":5301.7269771826914},null,{"$f":"SUM(R9:R12)","v":5318.735739558856}]
[]
[null,"Property, Plant, & Equipment",null,1360.7,null,1611.3,null,1726.4,null,{"$f":"H16+'Acquirer Assumptions'!J33","v":2581.8269620000001},null,{"$f":"J16+'Acquirer Assumptions'!L33","v":3481.7361260240004},null,{"$f":"L16+'Acquirer Assumptions'!N33","v":4428.4405665772483},null,{"$f":"N16+'Acquirer Assumptions'!P33","v":5424.3736380392656},null,{"$f":"P16+'Acquirer Assumptions'!R33","v":6472.0952292173079}]
[null,"Accumulated Depreciation",null,0,null,0,null,0,null,{"$f":"H17-'Acquirer Assumptions'!J35","v":-987.03111000000001},null,{"$f":"J17-'Acquirer Assumptions'!L35","v":-2025.3878377199999},null,{"$f":"L17-'Acquirer Assumptions'!N35","v":-3117.7391152814398},null,{"$f":"N17-'Acquirer Assumptions'!P35","v":-4266.8926592760745},null,{"$f":"P17-'Acquirer Assumptions'!R35","v":-5475.8021875584309}]
[]
[null,"  Net Property, Plant, & Equipment",null,{"$f":"SUM(D16:D17)","v":1360.7},null,{"$f":"SUM(F16:F17)","v":1611.3},null,{"$f":"SUM(H16:H17)","v":1726.4},null,{"$f":"SUM(J16:J17)","v":1594.7958520000002},null,{"$f":"SUM(L16:L17)","v":1456.3482883040006},null,{"$f":"SUM(N16:N17)","v":1310.7014512958085},null,{"$f":"SUM(P16:P17)","v":1157.4809787631912},null,{"$f":"SUM(R16:R17)","v":996.29304165887697}]
[]
[null,"Goodwill",null,8995.2000000000007,null,11973.3,null,12474.5,null,{"$f":"H21-'Acquirer Assumptions'!J37","v":12474.5},null,{"$f":"J21-'Acquirer Assumptions'!L37","v":12474.5},null,{"$f":"L21-'Acquirer Assumptions'!N37","v":12474.5},null,{"$f":"N21-'Acquirer Assumptions'!P37","v":12474.5},null,{"$f":"P21-'Acquirer Assumptions'!R37","v":12474.5}]
[null,"Intangible Assets",null,5913.2,null,7815.9,null,7804.5,null,{"$f":"H22-'Acquirer Assumptions'!J38","v":7804.5},null,{"$f":"J22-'Acquirer Assumptions'!L38","v":7804.5},null,{"$f":"L22-'Acquirer Assumptions'!N38","v":7804.5},null,{"$f":"N22-'Acquirer Assumptions'!P38","v":7804.5},null,{"$f":"P22-'Acquirer Assumptions'!R38","v":7804.5}]
[null,"Deferred Taxes",null,0,null,0,null,0,null,{"$f":"H23+'Acquirer Assumptions'!J41","v":0},null,{"$f":"J23+'Acquirer Assumptions'!L41","v":0},null,{"$f":"L23+'Acquirer Assumptions'!N41","v":0},null,{"$f":"N23+'Acquirer Assumptions'!P41","v":0},null,{"$f":"P23+'Acquirer Assumptions'!R41","v":0}]
[null,"Equity in Affiliates",null,0,null,0,null,0,null,{"$f":"H24-'Acquirer IS'!J23-'Acquirer Assumptions'!J43","v":0},null,{"$f":"J24-'Acquirer IS'!L23-'Acquirer Assumptions'!L43","v":0},null,{"$f":"L24-'Acquirer IS'!N23-'Acquirer Assumptions'!N43","v":0},null,{"$f":"N24-'Acquirer IS'!P23-'Acquirer Assumptions'!P43","v":0},null,{"$f":"P24-'Acquirer IS'!R23-'Acquirer Assumptions'!R43","v":0}]
[null,"Other",null,944,null,611.29999999999995,null,604.4,null,{"$f":"H25+'Acquirer Assumptions'!J27","v":604.4},null,{"$f":"J25+'Acquirer Assumptions'!L27","v":604.4},null,{"$f":"L25+'Acquirer Assumptions'!N27","v":604.4},null,{"$f":"N25+'Acquirer Assumptions'!P27","v":604.4},null,{"$f":"P25+'Acquirer Assumptions'!R27","v":604.4}]
[]
[null,"Total Assets",null,{"$f":"D14+D19+SUM(D21:D25)","v":21349.100000000002},null,{"$f":"F14+F19+SUM(F21:F25)","v":26833.699999999997},null,{"$f":"H14+H19+SUM(H21:H25)","v":27444.600000000002},null,{"$f":"J14+J19+SUM(J21:J25)","v":27501.842083536987},null,{"$f":"L14+L19+SUM(L21:L25)","v":27484.983728062914},null,{"$f":"N14+N19+SUM(N21:N25)","v":27434.858042528802},null,{"$f":"P14+P19+SUM(P21:P25)","v":27342.607955945885},null,{"$f":"R14+R19+SUM(R21:R25)","v":27198.428781217735}]
[]
[null,"Accounts Payable",null,546.4,null,612.29999999999995,null,641.4,null,{"$f":"('Acquirer Assumptions'!J25*'Acquirer IS'!J11)/365","v":678.21206133698627},null,{"$f":"('Acquirer Assumptions'!L25*'Acquirer IS'!L11)/365","v":713.4790885265096},null,{"$f":"('Acquirer Assumptions'!N25*'Acquirer IS'!N11)/365","v":750.58000112988805},null,{"$f":"('Acquirer Assumptions'!P25*'Acquirer IS'!P11)/365","v":789.61016118864222},null,{"$f":"('Acquirer Assumptions'!R25*'Acquirer IS'!R11)/365","v":830.66988957045157}]
[null,"Other",null,{"$f":"105.9+304.5+158.1+594.4","v":1162.9000000000001},null,{"$f":"3113.1-612.3","v":2500.8000000000002},null,{"$f":"2093.3-641.4","v":1451.9},null,{"$f":"'Acquirer IS'!J11*'Acquirer Assumptions'!J26","v":1575.30165156},null,{"$f":"'Acquirer IS'!L11*'Acquirer Assumptions'!L26","v":1657.21733744112},null,{"$f":"'Acquirer IS'!N11*'Acquirer Assumptions'!N26","v":1743.3926389880583},null,{"$f":"'Acquirer IS'!P11*'Acquirer Assumptions'!P26","v":1834.0490562154373},null,{"$f":"'Acquirer IS'!R11*'Acquirer Assumptions'!R26","v":1929.41960713864}]
[]
[null,"  Current Liabilities",null,{"$f":"SUM(D29:D30)","v":1709.3000000000002},null,{"$f":"SUM(F29:F30)","v":3113.1000000000004},null,{"$f":"SUM(H29:H30)","v":2093.3000000000002},null,{"$f":"SUM(J29:J30)","v":2253.5137128969864},null,{"$f":"SUM(L29:L30)","v":2370.6964259676297},null,{"$f":"SUM(N29:N30)","v":2493.9726401179464},null,{"$f":"SUM(P29:P30)","v":2623.6592174040798},null,{"$f":"SUM(R29:R30)","v":2760.0894967090917}]
[]
[null,"Revolving Credit Facility",null,0,null,0,null,0,null,{"$f":"'Acquirer CF'!J49","v":0},null,{"$f":"'Acquirer CF'!L49","v":0},null,{"$f":"'Acquirer CF'!N49","v":0},null,{"$f":"'Acquirer CF'!P49","v":0},null,{"$f":"'Acquirer CF'!R49","v":0}]
[null,"Senor Debt",null,2031.6,null,5755.2,null,7031.2,null,{"$f":"H35-'Acquirer Assumptions'!J39","v":6531.2},null,{"$f":"J35-'Acquirer Assumptions'!L39","v":6031.2},null,{"$f":"L35-'Acquirer Assumptions'!N39","v":5531.2},null,{"$f":"N35-'Acquirer Assumptions'!P39","v":5031.2},null,{"$f":"P35-'Acquirer Assumptions'!R39","v":4531.2}]
[null,"Subordinated Debt",null,0,null,0,null,0,null,{"$f":"H36-'Acquirer Assumptions'!J40","v":0},null,{"$f":"J36-'Acquirer Assumptions'!L40","v":0},null,{"$f":"L36-'Acquirer Assumptions'!N40","v":0},null,{"$f":"N36-'Acquirer Assumptions'!P40","v":0},null,{"$f":"P36-'Acquirer Assumptions'!R40","v":0}]
[]
[null,"  Total",null,{"$f":"SUM(D34:D36)","v":2031.6},null,{"$f":"SUM(F34:F36)","v":5755.2},null,{"$f":"SUM(H34:H36)","v":7031.2},null,{"$f":"SUM(J34:J36)","v":6531.2},null,{"$f":"SUM(L34:L36)","v":6031.2},null,{"$f":"SUM(N34:N36)","v":5531.2},null,{"$f":"SUM(P34:P36)","v":5031.2},null,{"$f":"SUM(R34:R36)","v":4531.2}]
[]
[null,"Deferred Taxes",null,1626.6,null,2229.3000000000002,null,2047.2,null,{"$f":"H40+'Acquirer Assumptions'!J42","v":2257.5},null,{"$f":"J40+'Acquirer Assumptions'!L42","v":2467.8000000000002},null,{"$f":"L40+'Acquirer Assumptions'!N42","v":2678.1000000000004},null,{"$f":"N40+'Acquirer Assumptions'!P42","v":2888.4000000000005},null,{"$f":"P40+'Acquirer Assumptions'!R42","v":3098.7000000000007}]
[null,"Other",null,621,null,698,null,808.2,null,{"$f":"H41+'Acquirer Assumptions'!J28","v":808.2},null,{"$f":"J41+'Acquirer Assumptions'!L28","v":808.2},null,{"$f":"L41+'Acquirer Assumptions'!N28","v":808.2},null,{"$f":"N41+'Acquirer Assumptions'!P28","v":808.2},null,{"$f":"P41+'Acquirer Assumptions'!R28","v":808.2}]
[]
[null,"Total Liabilities",null,{"$f":"D32+D38+SUM(D40:D41)","v":5988.5},null,{"$f":"F32+F38+SUM(F40:F41)","v":11795.599999999999},null,{"$f":"H32+H38+SUM(H40:H41)","v":11979.9},null,{"$f":"J32+J38+SUM(J40:J41)","v":11850.413712896985},null,{"$f":"L32+L38+SUM(L40:L41)","v":11677.896425967629},null,{"$f":"N32+N38+SUM(N40:N41)","v":11511.472640117947},null,{"$f":"P32+P38+SUM(P40:P41)","v":11351.459217404081},null,{"$f":"R32+R38+SUM(R40:R41)","v":11198.189496709092}]
[]
[null,"Common Stock",null,401.3,null,406.4,null,413.5,null,{"$f":"H45","v":413.5},null,{"$f":"J45","v":413.5},null,{"$f":"L45","v":413.5},null,{"$f":"N45","v":413.5},null,{"$f":"P45","v":413.5}]
[null,"Preferred Equity",null,0,null,0,null,0,null,{"$f":"H46","v":0},null,{"$f":"J46","v":0},null,{"$f":"L46","v":0},null,{"$f":"N46","v":0},null,{"$f":"P46","v":0}]
[null,"Retained Earnings",null,5386.8,null,6716.3,null,7697.3,null,{"$f":"H47+'Acquirer IS'!J38+'Acquirer CF'!J35","v":7884.0283706400005},null,{"$f":"J47+'Acquirer IS'!L38+'Acquirer CF'!L35","v":8039.6873020952817},null,{"$f":"L47+'Acquirer IS'!N38+'Acquirer CF'!N35","v":8155.9854024108554},null,{"$f":"N47+'Acquirer IS'!P38+'Acquirer CF'!P35","v":8223.7487385418026},null,{"$f":"P47+'Acquirer IS'!R38+'Acquirer CF'!R35","v":8232.83928450864}]
[null,"Treasury Stock",null,-490.8,null,-1837.1,null,-2996.8,null,{"$f":"H48","v":-2996.8},null,{"$f":"J48","v":-2996.8},null,{"$f":"L48","v":-2996.8},null,{"$f":"N48","v":-2996.8},null,{"$f":"P48","v":-2996.8}]
[null,"Other Adjustments",null,{"$f":"10019.7+43.6","v":10063.300000000001},null,{"$f":"10152-399.5","v":9752.5},null,{"$f":"10501.1-150.4","v":10350.700000000001},null,{"$f":"H49","v":10350.700000000001},null,{"$f":"J49","v":10350.700000000001},null,{"$f":"L49","v":10350.700000000001},null,{"$f":"N49","v":10350.700000000001},null,{"$f":"P49","v":10350.700000000001}]
[null,"Noncontrolling Interest",null,0,null,0,null,0,null,{"$f":"H50+'Acquirer IS'!J30","v":0},null,{"$f":"J50+'Acquirer IS'!L30","v":0},null,{"$f":"L50+'Acquirer IS'!N30","v":0},null,{"$f":"N50+'Acquirer IS'!P30","v":0},null,{"$f":"P50+'Acquirer IS'!R30","v":0}]
[null,"Total Stockholders Equity",null,{"$f":"SUM(D45:D50)","v":15360.600000000002},{"$f":"SUM(E45:E50)","v":0},15038.1,0,15464.7,null,{"$f":"SUM(J45:J50)","v":15651.428370640002},{"$f":"SUM(K45:K50)","v":0},15807.087302095282,0,15923.385402410855,0,15991.148738541804,0,16000.23928450864]
[]
[null,"Total Liabilities and Equity",null,{"$f":"D43+D51","v":21349.100000000002},null,{"$f":"F43+F51","v":26833.699999999997},null,{"$f":"H43+H51","v":27444.6},null,{"$f":"J43+J51","v":27501.842083536987},null,{"$f":"L43+L51","v":27484.983728062911},null,{"$f":"N43+N51","v":27434.858042528802},null,{"$f":"P43+P51","v":27342.607955945885},null,{"$f":"R43+R51","v":27198.428781217732}]
[]
[]
[]
[null,"Reconciliation",null,{"$f":"D53-D27","v":0},null,{"$f":"F53-F27","v":0},null,{"$f":"H53-H27","v":0},null,{"$f":"J53-J27","v":0},null,{"$f":"L53-L27","v":0},null,{"$f":"N53-N27","v":0},null,{"$f":"P53-P27","v":0},null,{"$f":"R53-R27","v":0}]

{"sheet":"Acquirer CF","index":9,"n_rows":52,"n_cols":19,"rows_kept":52,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Acquirer Assumptions'!A1","v":"Acquirer"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Statement of Cash Flow"]
["($Millions, except per share data)"]
[]
[null,null,null,null,null,{"$f":"'Acquirer BS'!D6","v":"Actual"},null,null,null,{"$f":"'Acquirer BS'!J6","v":"Projections for the Period Ending December 31,"}]
[null,null,null,null,null,{"$f":"'Acquirer BS'!F7","v":2014},null,{"$f":"'Acquirer BS'!H7","v":2015},null,{"$f":"'Acquirer BS'!J7","v":2016},null,{"$f":"'Acquirer BS'!L7","v":2017},null,{"$f":"'Acquirer BS'!N7","v":2018},null,{"$f":"'Acquirer BS'!P7","v":2019},null,{"$f":"'Acquirer BS'!R7","v":2020}]
[]
[null,"Net Income",null,null,null,{"$f":"'Acquirer IS'!F38","v":232.19999999999982},null,{"$f":"'Acquirer IS'!H38","v":-76.600000000000364},null,{"$f":"'Acquirer IS'!J38","v":186.72837064000015},null,{"$f":"'Acquirer IS'!L38","v":155.65893145528128},null,{"$f":"'Acquirer IS'!N38","v":116.29810031557417},null,{"$f":"'Acquirer IS'!P38","v":67.763336130946797},null,{"$f":"'Acquirer IS'!R38","v":9.0905459668371655}]
[]
[null,"Depreciation & Amortization",null,null,null,{"$f":"'Acquirer IS'!F46","v":895.6},null,{"$f":"'Acquirer IS'!H46","v":983.7},null,{"$f":"'Acquirer IS'!J46","v":987.03111000000001},null,{"$f":"'Acquirer IS'!L46","v":1038.35672772},null,{"$f":"'Acquirer IS'!N46","v":1092.3512775614402},null,{"$f":"'Acquirer IS'!P46","v":1149.1535439946349},null,{"$f":"'Acquirer IS'!R46","v":1208.9095282823562}]
[]
[null,"Income from Affiliates, Net of Dividends",null,null,null,{"$f":"'Acquirer IS'!F23+'Acquirer Assumptions'!F43","v":0},null,{"$f":"'Acquirer IS'!H23+'Acquirer Assumptions'!H43","v":0},null,{"$f":"'Acquirer IS'!J23+'Acquirer Assumptions'!J43","v":0},null,{"$f":"'Acquirer IS'!L23+'Acquirer Assumptions'!L43","v":0},null,{"$f":"'Acquirer IS'!N23+'Acquirer Assumptions'!N43","v":0},null,{"$f":"'Acquirer IS'!P23+'Acquirer Assumptions'!P43","v":0},null,{"$f":"'Acquirer IS'!R23+'Acquirer Assumptions'!R43","v":0}]
[]
["Change in"]
[]
[null,"Accounts Receivable",null,null,null,{"$f":"'Acquirer BS'!D10-'Acquirer BS'!F10","v":-289.79999999999995},null,{"$f":"'Acquirer BS'!F10-'Acquirer BS'!H10","v":-41.200000000000045},null,{"$f":"'Acquirer BS'!H10-'Acquirer BS'!J10","v":-33.952478904109512},null,{"$f":"'Acquirer BS'!J10-'Acquirer BS'!L10","v":-95.620328903013842},null,{"$f":"'Acquirer BS'!L10-'Acquirer BS'!N10","v":-100.59258600597036},null,{"$f":"'Acquirer BS'!N10-'Acquirer BS'!P10","v":-105.82340047828097},null,{"$f":"'Acquirer BS'!P10-'Acquirer BS'!R10","v":-111.32621730315168}]
[null,"Inventory",null,null,null,{"$f":"'Acquirer BS'!D11-'Acquirer BS'!F11","v":-157.59999999999991},null,{"$f":"'Acquirer BS'!F11-'Acquirer BS'!H11","v":-113.20000000000005},null,{"$f":"'Acquirer BS'!H11-'Acquirer BS'!J11","v":-15.8835259068494},null,{"$f":"'Acquirer BS'!J11-'Acquirer BS'!L11","v":-75.877543347156234},null,{"$f":"'Acquirer BS'!L11-'Acquirer BS'!N11","v":-79.823175601208277},null,{"$f":"'Acquirer BS'!N11-'Acquirer BS'!P11","v":-83.973980732471091},null,{"$f":"'Acquirer BS'!P11-'Acquirer BS'!R11","v":-88.340627730559618}]
[null,"Other Current Assets",null,null,null,{"$f":"'Acquirer BS'!D12-'Acquirer BS'!F12","v":-144.39999999999998},null,{"$f":"'Acquirer BS'!F12-'Acquirer BS'!H12","v":-23.799999999999955},null,{"$f":"'Acquirer BS'!H12-'Acquirer BS'!J12","v":46.958430399999997},null,{"$f":"'Acquirer BS'!J12-'Acquirer BS'!L12","v":-35.585761619200071},null,{"$f":"'Acquirer BS'!L12-'Acquirer BS'!N12","v":-37.436221223398434},null,{"$f":"'Acquirer BS'!N12-'Acquirer BS'!P12","v":-39.382904727015102},null,{"$f":"'Acquirer BS'!P12-'Acquirer BS'!R12","v":-41.430815772819983}]
[null,"Accounts Payable",null,null,null,{"$f":"'Acquirer BS'!F29-'Acquirer BS'!D29","v":65.899999999999977},null,{"$f":"'Acquirer BS'!H29-'Acquirer BS'!F29","v":29.100000000000023},null,{"$f":"'Acquirer BS'!J29-'Acquirer BS'!H29","v":36.812061336986289},null,{"$f":"'Acquirer BS'!L29-'Acquirer BS'!J29","v":35.267027189523333},null,{"$f":"'Acquirer BS'!N29-'Acquirer BS'!L29","v":37.100912603378447},null,{"$f":"'Acquirer BS'!P29-'Acquirer BS'!N29","v":39.030160058754177},null,{"$f":"'Acquirer BS'!R29-'Acquirer BS'!P29","v":41.05972838180935}]
[null,"Other Current Liabilities",null,null,null,{"$f":"'Acquirer BS'!F30-'Acquirer BS'!D30","v":1337.9},null,{"$f":"'Acquirer BS'!H30-'Acquirer BS'!F30","v":-1048.9000000000001},null,{"$f":"'Acquirer BS'!J30-'Acquirer BS'!H30","v":123.40165155999989},null,{"$f":"'Acquirer BS'!L30-'Acquirer BS'!J30","v":81.915685881119998},null,{"$f":"'Acquirer BS'!N30-'Acquirer BS'!L30","v":86.175301546938272},null,{"$f":"'Acquirer BS'!P30-'Acquirer BS'!N30","v":90.656417227379052},null,{"$f":"'Acquirer BS'!R30-'Acquirer BS'!P30","v":95.3705509232027}]
[null,"Other Assets",null,null,null,{"$f":"'Acquirer BS'!D25-'Acquirer BS'!F25","v":332.70000000000005},null,{"$f":"'Acquirer BS'!F25-'Acquirer BS'!H25","v":6.8999999999999773},null,{"$f":"'Acquirer BS'!H25-'Acquirer BS'!J25","v":0},null,{"$f":"'Acquirer BS'!J25-'Acquirer BS'!L25","v":0},null,{"$f":"'Acquirer BS'!L25-'Acquirer BS'!N25","v":0},null,{"$f":"'Acquirer BS'!N25-'Acquirer BS'!P25","v":0},null,{"$f":"'Acquirer BS'!P25-'Acquirer BS'!R25","v":0}]
[null,"Deferred Taxes",null,null,null,{"$f":"'Acquirer BS'!F40-'Acquirer BS'!D40+'Acquirer BS'!D23-'Acquirer BS'!F23","v":602.70000000000027},null,{"$f":"'Acquirer BS'!H40-'Acquirer BS'!F40+'Acquirer BS'!F23-'Acquirer BS'!H23","v":-182.10000000000014},null,{"$f":"'Acquirer BS'!J40-'Acquirer BS'!H40+'Acquirer BS'!H23-'Acquirer BS'!J23","v":210.29999999999995},null,{"$f":"'Acquirer BS'!L40-'Acquirer BS'!J40+'Acquirer BS'!J23-'Acquirer BS'!L23","v":210.30000000000018},null,{"$f":"'Acquirer BS'!N40-'Acquirer BS'!L40+'Acquirer BS'!L23-'Acquirer BS'!N23","v":210.30000000000018},null,{"$f":"'Acquirer BS'!P40-'Acquirer BS'!N40+'Acquirer BS'!N23-'Acquirer BS'!P23","v":210.30000000000018},null,{"$f":"'Acquirer BS'!R40-'Acquirer BS'!P40+'Acquirer BS'!P23-'Acquirer BS'!R23","v":210.30000000000018}]
[null,"Minority Interest",null,null,null,{"$f":"'Acquirer BS'!F50-'Acquirer BS'!D50","v":0},null,{"$f":"'Acquirer BS'!H50-'Acquirer BS'!F50","v":0},null,{"$f":"'Acquirer BS'!J50-'Acquirer BS'!H50","v":0},null,{"$f":"'Acquirer BS'!L50-'Acquirer BS'!J50","v":0},null,{"$f":"'Acquirer BS'!N50-'Acquirer BS'!L50","v":0},null,{"$f":"'Acquirer BS'!P50-'Acquirer BS'!N50","v":0},null,{"$f":"'Acquirer BS'!R50-'Acquirer BS'!P50","v":0}]
[null,"Other Liabilities",null,null,null,{"$f":"'Acquirer BS'!F41-'Acquirer BS'!D41","v":77},null,{"$f":"'Acquirer BS'!H41-'Acquirer BS'!F41","v":110.20000000000005},null,{"$f":"'Acquirer BS'!J41-'Acquirer BS'!H41","v":0},null,{"$f":"'Acquirer BS'!L41-'Acquirer BS'!J41","v":0},null,{"$f":"'Acquirer BS'!N41-'Acquirer BS'!L41","v":0},null,{"$f":"'Acquirer BS'!P41-'Acquirer BS'!N41","v":0},null,{"$f":"'Acquirer BS'!R41-'Acquirer BS'!P41","v":0}]
[]
["Cash Flow from Operating Activities",null,null,null,null,{"$f":"SUM(F7:F23)","v":2952.2000000000003},null,{"$f":"SUM(H7:H23)","v":-355.90000000000055},null,{"$f":"SUM(J7:J23)","v":1541.3956191260274},null,{"$f":"SUM(L7:L23)","v":1314.4147383765544},null,{"$f":"SUM(N7:N23)","v":1324.3736091967542},null,{"$f":"SUM(P7:P23)","v":1327.723171473948},null,{"$f":"SUM(R7:R23)","v":1323.6326927476744}]
[]
[null,"Capital Expenditures",null,null,null,{"$f":"-'Acquirer IS'!F47","v":-260.89999999999998},null,{"$f":"-'Acquirer IS'!H47","v":-1083.4000000000001},null,{"$f":"-'Acquirer IS'!J47","v":-855.426962},null,{"$f":"-'Acquirer IS'!L47","v":-899.90916402400012},null,{"$f":"-'Acquirer IS'!N47","v":-946.70444055324811},null,{"$f":"-'Acquirer IS'!P47","v":-995.9330714620171},null,{"$f":"-'Acquirer IS'!R47","v":-1047.721591178042}]
[null,"Acquisitions",null,null,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Sale of Assets",null,null,null,0,null,0,null,0,null,0,null,0,null,0,null,0]
[]
["Cash Flow from Investing Activities",null,null,null,null,{"$f":"SUM(F27:F29)","v":-260.89999999999998},null,{"$f":"SUM(H27:H29)","v":-1083.4000000000001},null,{"$f":"SUM(J27:J29)","v":-855.426962},null,{"$f":"SUM(L27:L29)","v":-899.90916402400012},null,{"$f":"SUM(N27:N29)","v":-946.70444055324811},null,{"$f":"SUM(P27:P29)","v":-995.9330714620171},null,{"$f":"SUM(R27:R29)","v":-1047.721591178042}]
[]
[null,"Net Change in Equity",null,null,null,{"$f":"'Acquirer BS'!F45-'Acquirer BS'!D45+'Acquirer BS'!F46-'Acquirer BS'!D46+'Acquirer BS'!F48-'Acquirer BS'!D48+'Acquirer BS'!F49-'Acquirer BS'!D49","v":-1652.0000000000018},null,{"$f":"'Acquirer BS'!H45-'Acquirer BS'!F45+'Acquirer BS'!H46-'Acquirer BS'!F46+'Acquirer BS'!H48-'Acquirer BS'!F48+'Acquirer BS'!H49-'Acquirer BS'!F49","v":-554.39999999999964},null,{"$f":"'Acquirer BS'!J45-'Acquirer BS'!H45+'Acquirer BS'!J46-'Acquirer BS'!H46+'Acquirer BS'!J48-'Acquirer BS'!H48+'Acquirer BS'!J49-'Acquirer BS'!H49","v":0},null,{"$f":"'Acquirer BS'!L45-'Acquirer BS'!J45+'Acquirer BS'!L46-'Acquirer BS'!J46+'Acquirer BS'!L48-'Acquirer BS'!J48+'Acquirer BS'!L49-'Acquirer BS'!J49","v":0},null,{"$f":"'Acquirer BS'!N45-'Acquirer BS'!L45+'Acquirer BS'!N46-'Acquirer BS'!L46+'Acquirer BS'!N48-'Acquirer BS'!L48+'Acquirer BS'!N49-'Acquirer BS'!L49","v":0},null,{"$f":"'Acquirer BS'!P45-'Acquirer BS'!N45+'Acquirer BS'!P46-'Acquirer BS'!N46+'Acquirer BS'!P48-'Acquirer BS'!N48+'Acquirer BS'!P49-'Acquirer BS'!N49","v":0},null,{"$f":"'Acquirer BS'!R45-'Acquirer BS'!P45+'Acquirer BS'!R46-'Acquirer BS'!P46+'Acquirer BS'!R48-'Acquirer BS'!P48+'Acquirer BS'!R49-'Acquirer BS'!P49","v":0}]
[null,"Net Change in Debt",null,null,null,{"$f":"'Acquirer BS'!F35-'Acquirer BS'!D35+'Acquirer BS'!F36-'Acquirer BS'!D36","v":3723.6},null,{"$f":"'Acquirer BS'!H35-'Acquirer BS'!F35+'Acquirer BS'!H36-'Acquirer BS'!F36","v":1276},null,{"$f":"'Acquirer BS'!J35-'Acquirer BS'!H35+'Acquirer BS'!J36-'Acquirer BS'!H36","v":-500},null,{"$f":"'Acquirer BS'!L35-'Acquirer BS'!J35+'Acquirer BS'!L36-'Acquirer BS'!J36","v":-500},null,{"$f":"'Acquirer BS'!N35-'Acquirer BS'!L35+'Acquirer BS'!N36-'Acquirer BS'!L36","v":-500},null,{"$f":"'Acquirer BS'!P35-'Acquirer BS'!N35+'Acquirer BS'!P36-'Acquirer BS'!N36","v":-500},null,{"$f":"'Acquirer BS'!R35-'Acquirer BS'!P35+'Acquirer BS'!R36-'Acquirer BS'!P36","v":-500}]
[null,"Dividends Paid",null,null,null,{"$f":"-'Acquirer Assumptions'!F47","v":0},null,{"$f":"-'Acquirer Assumptions'!H47","v":0},null,{"$f":"-'Acquirer Assumptions'!J47","v":0},null,{"$f":"-'Acquirer Assumptions'!L47","v":0},null,{"$f":"-'Acquirer Assumptions'!N47","v":0},null,{"$f":"-'Acquirer Assumptions'!P47","v":0},null,{"$f":"-'Acquirer Assumptions'!R47","v":0}]
[]
["Cash Flow from Financing Activities",null,null,null,null,{"$f":"SUM(F33:F35)","v":2071.5999999999981},null,{"$f":"SUM(H33:H35)","v":721.60000000000036},null,{"$f":"SUM(J33:J35)","v":-500},null,{"$f":"SUM(L33:L35)","v":-500},null,{"$f":"SUM(N33:N35)","v":-500},null,{"$f":"SUM(P33:P35)","v":-500},null,{"$f":"SUM(R33:R35)","v":-500}]
[]
[null,"Net Change in Cash",null,null,null,{"$f":"F25+F31+F37","v":4762.8999999999978},null,{"$f":"H25+H31+H37","v":-717.70000000000027},null,{"$f":"J25+J31+J37","v":185.96865712602744},null,{"$f":"L25+L31+L37","v":-85.494425647445723},null,{"$f":"N25+N31+N37","v":-122.33083135649395},null,{"$f":"P25+P31+P37","v":-168.20989998806908},null,{"$f":"R25+R31+R37","v":-224.08889843036764}]
[]
[null,"Beginning Cash Balance",null,null,null,{"$f":"'Acquirer BS'!D9","v":926.5},null,{"$f":"'Acquirer BS'!F9","v":1020.5999999999999},null,{"$f":"'Acquirer BS'!H9","v":855.3},null,{"$f":"'Acquirer BS'!J9","v":1041.2686571260274},null,{"$f":"'Acquirer BS'!L9","v":955.77423147858167},null,{"$f":"'Acquirer BS'!N9","v":833.44340012208772},null,{"$f":"'Acquirer BS'!P9","v":665.23350013401864}]
[]
[null,"Cash Available for Revolving Credit",null,null,null,{"$f":"F39+F41","v":5689.3999999999978},null,{"$f":"H39+H41","v":302.89999999999964},null,{"$f":"J39+J41","v":1041.2686571260274},null,{"$f":"L39+L41","v":955.77423147858167},null,{"$f":"N39+N41","v":833.44340012208772},null,{"$f":"P39+P41","v":665.23350013401864},null,{"$f":"R39+R41","v":441.14460170365101}]
[]
[]
[]
[null,"Beginning Revolver",null,null,null,null,null,null,null,{"$f":"'Acquirer BS'!H34","v":0},null,{"$f":"'Acquirer BS'!J34","v":0},null,{"$f":"'Acquirer BS'!L34","v":0},null,{"$f":"'Acquirer BS'!N34","v":0},null,{"$f":"'Acquirer BS'!P34","v":0}]
[null,"Total Repayment",null,null,null,null,null,null,null,{"$f":"IF(J43-J47<$F$52,J43-$F$52,J47)","v":0},null,{"$f":"IF(L43-L47<$F$52,L43-$F$52,L47)","v":0},null,{"$f":"IF(N43-N47<$F$52,N43-$F$52,N47)","v":0},null,{"$f":"IF(P43-P47<$F$52,P43-$F$52,P47)","v":0},null,{"$f":"IF(R43-R47<$F$52,R43-$F$52,R47)","v":0}]
[null,"Ending Revolving Credit Facility",null,null,null,null,null,null,null,{"$f":"J47-J48","v":0},null,{"$f":"L47-L48","v":0},null,{"$f":"N47-N48","v":0},null,{"$f":"P47-P48","v":0},null,{"$f":"R47-R48","v":0}]
[null,"Ending Cash",null,null,null,null,null,null,null,{"$f":"IF(J43-J47<0,$F$52,J43-J48)","v":1041.2686571260274},null,{"$f":"IF(L43-L47<0,$F$52,L43-L48)","v":955.77423147858167},null,{"$f":"IF(N43-N47<0,$F$52,N43-N48)","v":833.44340012208772},null,{"$f":"IF(P43-P47<0,$F$52,P43-P48)","v":665.23350013401864},null,{"$f":"IF(R43-R47<0,$F$52,R43-R48)","v":441.14460170365101}]
[]
[null,"Minimum Cash Balance",null,null,null,0]

{"sheet":"Newco Assumptions","index":10,"n_rows":59,"n_cols":19,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
["Newco",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Assumptions"]
["($Millions except per share data)"]
[]
[]
[]
[null,null,null,"Actual",null,null,null,null,null,"Projections"]
[null,null,null,2013,null,{"$f":"D7+1","v":2014},null,{"$f":"F7+1","v":2015},null,{"$f":"H7+1","v":2016},null,{"$f":"J7+1","v":2017},null,{"$f":"L7+1","v":2018},null,{"$f":"N7+1","v":2019},null,{"$f":"P7+1","v":2020}]
[]
[null,"Income Statement"]
[]
[null,"Sales Growth",null,{"$f":"'Acquirer Assumptions'!D11","v":"NA"},null,{"$f":"+IF(ISERROR('Acquirer Assumptions'!F11),0,'Acquirer Assumptions'!F11)","v":0.11216095293993122},null,{"$f":"'Acquirer Assumptions'!H11","v":8.2283628058275937E-2},null,{"$f":"+IF(ISERROR('Newco IS'!M9/'Newco IS'!G9-1),0,'Newco IS'!M9/'Newco IS'!G9-1)","v":0.319231389272016},{"$f":"+IF(ISERROR('Newco IS'!N9/'Newco IS'!H9-1),0,'Newco IS'!N9/'Newco IS'!H9-1)","v":0},{"$f":"+('Newco IS'!P9/'Newco IS'!M9)-1","v":5.5526664511838408E-2},{"$f":"+('Newco IS'!Q9/'Newco IS'!N9)-1","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!R9/'Newco IS'!P9-1","v":5.6601073115706724E-2},{"$f":"+('Newco IS'!S9/'Newco IS'!P9)-1","v":-1},{"$f":"'Newco IS'!T9/'Newco IS'!R9-1","v":5.2317343872989586E-2},{"$f":"+('Newco IS'!U9/'Newco IS'!R9)-1","v":-1},{"$f":"'Newco IS'!V9/'Newco IS'!T9-1","v":5.2339207121688824E-2}]
[null,"COGS as a % of Sales",null,{"$f":"'Acquirer Assumptions'!D12","v":0.58996834438233048},null,{"$f":"'Acquirer Assumptions'!F12","v":0.5852510641243035},null,{"$f":"'Acquirer Assumptions'!H12","v":0.57669525735617388},null,{"$f":"+IF(ISERROR('Newco IS'!M12/'Newco IS'!M9),0,'Newco IS'!M12/'Newco IS'!M9)","v":0.54175515743043134},{"$f":"+IF(ISERROR('Newco IS'!N12/'Newco IS'!N9),0,'Newco IS'!N12/'Newco IS'!N9)","v":0},{"$f":"'Newco IS'!P12/'Newco IS'!P9","v":0.5383941764066793},{"$f":"'Newco IS'!Q12/'Newco IS'!Q9","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!R12/'Newco IS'!R9","v":0.53534868772958699},{"$f":"'Newco IS'!S12/'Newco IS'!S9","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!T12/'Newco IS'!T9","v":0.5353146197756643},{"$f":"'Newco IS'!U12/'Newco IS'!U9","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!V12/'Newco IS'!V9","v":0.53527848701050817}]
[null,"Integration Related Expenses ($M)",null,null,null,null,null,null,null,100,null,50,null,0]
[null,"SG&A % annual increase",null,{"$f":"'Acquirer Assumptions'!D13","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F13","v":0.13841248900615644},null,{"$f":"'Acquirer Assumptions'!H13","v":7.9961371318203689E-2},null,{"$f":"+IF(ISERROR('Newco IS'!M16/'Newco IS'!G16-1),0,'Newco IS'!M16/'Newco IS'!G16-1)","v":0.30284614613883742},{"$f":"+IF(ISERROR('Newco IS'!N16/'Newco IS'!H16-1),0,'Newco IS'!N16/'Newco IS'!H16-1)","v":0},{"$f":"'Newco IS'!P16/'Newco IS'!M16-1","v":7.0574806363510101E-2},{"$f":"+'Target IS'!M15/'Target IS'!K15-1","v":{"$error":"#DIV/0!"}},{"$f":"+'Newco IS'!R16/'Newco IS'!P16-1","v":7.1041489024968874E-2},{"$f":"+'Target IS'!O15/'Target IS'!M15-1","v":{"$error":"#DIV/0!"}},{"$f":"+'Newco IS'!T16/'Newco IS'!R16-1","v":7.0342445894356231E-2},{"$f":"+'Target IS'!Q15/'Target IS'!O15-1","v":{"$error":"#DIV/0!"}},{"$f":"'Newco IS'!V16/'Newco IS'!T16-1","v":7.059169489469963E-2}]
[null,"Other Operating Expense as a % of Sales",null,{"$f":"'Acquirer Assumptions'!D14","v":3.3156613522433147E-2},null,{"$f":"'Acquirer Assumptions'!F14","v":3.7780738484963841E-2},null,{"$f":"'Acquirer Assumptions'!H14","v":3.6650972429835574E-2},null,{"$f":"+IF(ISERROR('Newco IS'!M17/'Newco IS'!M9),0,'Newco IS'!M17/'Newco IS'!M9)","v":5.2990319521972591E-2},{"$f":"+IF(ISERROR('Newco IS'!N17/'Newco IS'!N9),0,'Newco IS'!N17/'Newco IS'!N9)","v":0},{"$f":"+'Newco IS'!P17/'Newco IS'!P9","v":5.2888474704874303E-2},{"$f":"+IF(ISERROR('Newco IS'!P17/'Newco IS'!P9),0,'Newco IS'!P17/'Newco IS'!P9)","v":5.2888474704874303E-2},{"$f":"+'Newco IS'!R17/'Newco IS'!R9","v":5.2733256059944472E-2},{"$f":"+IF(ISERROR('Newco IS'!R17/'Newco IS'!R9),0,'Newco IS'!R17/'Newco IS'!R9)","v":5.2733256059944472E-2},{"$f":"+'Newco IS'!T17/'Newco IS'!T9","v":5.2792634301031163E-2},{"$f":"+IF(ISERROR('Newco IS'!T17/'Newco IS'!T9),0,'Newco IS'!T17/'Newco IS'!T9)","v":5.2792634301031163E-2},{"$f":"+'Newco IS'!V17/'Newco IS'!V9","v":5.2851088498411414E-2}]
[null,"Income from Affiliates Growth",null,{"$f":"'Acquirer Assumptions'!D15","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F15","v":0},null,{"$f":"'Acquirer Assumptions'!H15","v":0},null,{"$f":"IF('Newco IS'!M24=0,0,'Newco IS'!P24/'Newco IS'!M24-1)","v":0},null,{"$f":"IF('Newco IS'!M24=0,0,'Newco IS'!P24/'Newco IS'!M24-1)","v":0},null,{"$f":"IF('Newco IS'!O24=0,0,'Newco IS'!R24/'Newco IS'!O24-1)","v":0},null,{"$f":"IF('Newco IS'!Q24=0,0,'Newco IS'!T24/'Newco IS'!Q24-1)","v":0},null,{"$f":"IF('Newco IS'!S24=0,0,'Newco IS'!V24/'Newco IS'!S24-1)","v":0}]
[null,"Minority Interest - % of Earnings",null,{"$f":"'Acquirer Assumptions'!D16","v":0},null,{"$f":"'Acquirer Assumptions'!F16","v":0},null,{"$f":"'Acquirer Assumptions'!H16","v":0},null,{"$f":"'Newco IS'!M31/('Newco IS'!M29-'Newco IS'!M32)","v":0},null,{"$f":"'Newco IS'!P31/('Newco IS'!P29-'Newco IS'!P32)","v":0},null,{"$f":"'Newco IS'!R31/('Newco IS'!R29-'Newco IS'!R32)","v":0},null,{"$f":"'Newco IS'!T31/('Newco IS'!T29-'Newco IS'!T32)","v":0},null,{"$f":"'Newco IS'!V31/('Newco IS'!V29-'Newco IS'!V32)","v":0}]
[null,"EBITDA Growth",null,{"$f":"'Acquirer Assumptions'!D17","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F17","v":5.2773335577812608E-2},null,{"$f":"'Acquirer Assumptions'!H17","v":0.18492165014390793},null,{"$f":"+IF(ISERROR('Newco IS'!M50/'Newco IS'!G50-1),0,'Newco IS'!M50/'Newco IS'!G50-1)","v":0.40624765937933494},{"$f":"+IF(ISERROR('Newco IS'!N50/'Newco IS'!H50-1),0,'Newco IS'!N50/'Newco IS'!H50-1)","v":0},{"$f":"'Newco IS'!P50/'Newco IS'!M50-1","v":7.7170031048648502E-2},{"$f":"+IF(ISERROR('Newco IS'!P50/'Newco IS'!J50-1),0,'Newco IS'!P50/'Newco IS'!J50-1)","v":0},{"$f":"'Newco IS'!R50/'Newco IS'!P50-1","v":7.4123167683804114E-2},{"$f":"+IF(ISERROR('Newco IS'!R50/'Newco IS'!L50-1),0,'Newco IS'!R50/'Newco IS'!L50-1)","v":0},{"$f":"'Newco IS'!T50/'Newco IS'!R50-1","v":1.4161390451507216E-2},{"$f":"+IF(ISERROR('Newco IS'!T50/'Newco IS'!N50-1),0,'Newco IS'!T50/'Newco IS'!N50-1)","v":0},{"$f":"'Newco IS'!V50/'Newco IS'!T50-1","v":1.1592389929311331E-2}]
[null,"EBITDA Margin",null,{"$f":"'Acquirer Assumptions'!D18","v":0.11431622903657239},null,{"$f":"'Acquirer Assumptions'!F18","v":0.10821192511333355},null,{"$f":"'Acquirer Assumptions'!H18","v":0.11847416845858078},null,{"$f":"+IF(ISERROR('Newco IS'!M50/'Newco IS'!M9),0,'Newco IS'!M50/'Newco IS'!M9)","v":0.12784851554909615},{"$f":"+IF(ISERROR('Newco IS'!N50/'Newco IS'!N9),0,'Newco IS'!N50/'Newco IS'!N9)","v":0},{"$f":"'Newco IS'!P50/'Newco IS'!P9","v":0.1304700242008893},{"$f":"+IF(ISERROR('Newco IS'!P50/'Newco IS'!P9),0,'Newco IS'!P50/'Newco IS'!P9)","v":0.1304700242008893},{"$f":"'Newco IS'!R50/'Newco IS'!R9","v":0.13263366775617044},{"$f":"+IF(ISERROR('Newco IS'!R50/'Newco IS'!R9),0,'Newco IS'!R50/'Newco IS'!R9)","v":0.13263366775617044},{"$f":"'Newco IS'!T50/'Newco IS'!T9","v":0.12782450626273825},{"$f":"+IF(ISERROR('Newco IS'!T50/'Newco IS'!T9),0,'Newco IS'!T50/'Newco IS'!T9)","v":0.12782450626273825},{"$f":"'Newco IS'!V50/'Newco IS'!V9","v":0.1228751118525085}]
[]
[null,"Balance Sheet"]
[]
[null,"Receivable Days",null,{"$f":"'Acquirer Assumptions'!D22","v":51.76256362394281},null,{"$f":"'Acquirer Assumptions'!F22","v":55.693540851991564},null,{"$f":"'Acquirer Assumptions'!H22","v":52.661372193222974},null,{"$f":"+IF(ISERROR(('Target Assumptions'!J21*'Target IS'!J9+'Acquirer Assumptions'!J22*'Acquirer IS'!J9)/('Target IS'!J9+'Acquirer IS'!J9)),0,('Target Assumptions'!J21*'Target IS'!J9+'Acquirer Assumptions'!J22*'Acquirer IS'!J9)/('Target IS'!J9+'Acquirer IS'!J9))","v":52.927118221224546},{"$f":"+IF(ISERROR(('Target Assumptions'!K21*'Target IS'!K9+'Acquirer Assumptions'!K22*'Acquirer IS'!K9)/('Target IS'!K9+'Acquirer IS'!K9)),0,('Target Assumptions'!K21*'Target IS'!K9+'Acquirer Assumptions'!K22*'Acquirer IS'!K9)/('Target IS'!K9+'Acquirer IS'!K9))","v":0},{"$f":"+IF(ISERROR(('Target Assumptions'!L21*'Target IS'!L9+'Acquirer Assumptions'!L22*'Acquirer IS'!L9)/('Target IS'!L9+'Acquirer IS'!L9)),0,('Target Assumptions'!L21*'Target IS'!L9+'Acquirer Assumptions'!L22*'Acquirer IS'!L9)/('Target IS'!L9+'Acquirer IS'!L9))","v":52.931287111619},{"$f":"+IF(ISERROR(('Target Assumptions'!M21*'Target IS'!M9+'Acquirer Assumptions'!M22*'Acquirer IS'!M9)/('Target IS'!M9+'Acquirer IS'!M9)),0,('Target Assumptions'!M21*'Target IS'!M9+'Acquirer Assumptions'!M22*'Acquirer IS'!M9)/('Target IS'!M9+'Acquirer IS'!M9))","v":0},{"$f":"+IF(ISERROR(('Target Assumptions'!N21*'Target IS'!N9+'Acquirer Assumptions'!N22*'Acquirer IS'!N9)/('Target IS'!N9+'Acquirer IS'!N9)),0,('Target Assumptions'!N21*'Target IS'!N9+'Acquirer Assumptions'!N22*'Acquirer IS'!N9)/('Target IS'!N9+'Acquirer IS'!N9))","v":52.935462146241697},{"$f":"+IF(ISERROR(('Target Assumptions'!O21*'Target IS'!O9+'Acquirer Assumptions'!O22*'Acquirer IS'!O9)/('Target IS'!O9+'Acquirer IS'!O9)),0,('Target Assumptions'!O21*'Target IS'!O9+'Acquirer Assumptions'!O22*'Acquirer IS'!O9)/('Target IS'!O9+'Acquirer IS'!O9))","v":0},{"$f":"+IF(ISERROR(('Target Assumptions'!P21*'Target IS'!P9+'Acquirer Assumptions'!P22*'Acquirer IS'!P9)/('Target IS'!P9+'Acquirer IS'!P9)),0,('Target Assumptions'!P21*'Target IS'!P9+'Acquirer Assumptions'!P22*'Acquirer IS'!P9)/('Target IS'!P9+'Acquirer IS'!P9))","v":52.939643321720624},{"$f":"+IF(ISERROR(('Target Assumptions'!Q21*'Target IS'!Q9+'Acquirer Assumptions'!Q22*'Acquirer IS'!Q9)/('Target IS'!Q9+'Acquirer IS'!Q9)),0,('Target Assumptions'!Q21*'Target IS'!Q9+'Acquirer Assumptions'!Q22*'Acquirer IS'!Q9)/('Target IS'!Q9+'Acquirer IS'!Q9))","v":0},{"$f":"+IF(ISERROR(('Target Assumptions'!R21*'Target IS'!R9+'Acquirer Assumptions'!R22*'Acquirer IS'!R9)/('Target IS'!R9+'Acquirer IS'!R9)),0,('Target Assumptions'!R21*'Target IS'!R9+'Acquirer Assumptions'!R22*'Acquirer IS'!R9)/('Target IS'!R9+'Acquirer IS'!R9))","v":52.943830634623936}]
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[null,"Change in Other Assets",null,{"$f":"'Acquirer Assumptions'!D27","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F27","v":-332.70000000000005},null,{"$f":"'Acquirer Assumptions'!H27","v":-6.8999999999999773},null,{"$f":"'Target Assumptions'!J26+'Acquirer Assumptions'!J27","v":0},null,{"$f":"'Target Assumptions'!L26+'Acquirer Assumptions'!L27","v":0},null,{"$f":"'Target Assumptions'!N26+'Acquirer Assumptions'!N27","v":0},null,{"$f":"'Target Assumptions'!P26+'Acquirer Assumptions'!P27","v":0},null,{"$f":"'Target Assumptions'!R26+'Acquirer Assumptions'!R27","v":0}]
[null,"Change in Other LT Liabilities",null,{"$f":"'Acquirer Assumptions'!D28","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F28","v":77},null,{"$f":"'Acquirer Assumptions'!H28","v":110.20000000000005},null,{"$f":"'Target Assumptions'!J27+'Acquirer Assumptions'!J28","v":0},null,{"$f":"'Target Assumptions'!L27+'Acquirer Assumptions'!L28","v":0},null,{"$f":"'Target Assumptions'!N27+'Acquirer Assumptions'!N28","v":0},null,{"$f":"'Target Assumptions'!P27+'Acquirer Assumptions'!P28","v":0},null,{"$f":"'Target Assumptions'!R27+'Acquirer Assumptions'!R28","v":0}]
[null,"Working Capital/Sales (Excl Cash & Debt)",null,{"$f":"+IF(ISERROR((SUM('Target BS'!D10:D12)-SUM('Target BS'!D29:D30)+SUM('Acquirer BS'!D10:D12)-SUM('Acquirer BS'!D29:D30))/('Target IS'!D9+'Acquirer IS'!D9)),0,(SUM('Target BS'!D10:D12)-SUM('Target BS'!D29:D30)+SUM('Acquirer BS'!D10:D12)-SUM('Acquirer BS'!D29:D30))/('Target IS'!D9+'Acquirer IS'!D9))","v":0.11053414585300257},{"$f":"+IF(ISERROR((SUM('Target BS'!E10:E12)-SUM('Target BS'!E29:E30)+SUM('Acquirer BS'!E10:E12)-SUM('Acquirer BS'!E29:E30))/('Target IS'!E9+'Acquirer IS'!E9)),0,(SUM('Target BS'!E10:E12)-SUM('Target BS'!E29:E30)+SUM('Acquirer BS'!E10:E12)-SUM('Acquirer BS'!E29:E30))/('Target IS'!E9+'Acquirer IS'!E9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!F10:F12)-SUM('Target BS'!F29:F30)+SUM('Acquirer BS'!F10:F12)-SUM('Acquirer BS'!F29:F30))/('Target IS'!F9+'Acquirer IS'!F9)),0,(SUM('Target BS'!F10:F12)-SUM('Target BS'!F29:F30)+SUM('Acquirer BS'!F10:F12)-SUM('Acquirer BS'!F29:F30))/('Target IS'!F9+'Acquirer IS'!F9))","v":2.630669405588703E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!G10:G12)-SUM('Target BS'!G29:G30)+SUM('Acquirer BS'!G10:G12)-SUM('Acquirer BS'!G29:G30))/('Target IS'!G9+'Acquirer IS'!G9)),0,(SUM('Target BS'!G10:G12)-SUM('Target BS'!G29:G30)+SUM('Acquirer BS'!G10:G12)-SUM('Acquirer BS'!G29:G30))/('Target IS'!G9+'Acquirer IS'!G9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!H10:H12)-SUM('Target BS'!H29:H30)+SUM('Acquirer BS'!H10:H12)-SUM('Acquirer BS'!H29:H30))/('Target IS'!H9+'Acquirer IS'!H9)),0,(SUM('Target BS'!H10:H12)-SUM('Target BS'!H29:H30)+SUM('Acquirer BS'!H10:H12)-SUM('Acquirer BS'!H29:H30))/('Target IS'!H9+'Acquirer IS'!H9))","v":0.12403755070316483},{"$f":"+IF(ISERROR((SUM('Target BS'!I10:I12)-SUM('Target BS'!I29:I30)+SUM('Acquirer BS'!I10:I12)-SUM('Acquirer BS'!I29:I30))/('Target IS'!I9+'Acquirer IS'!I9)),0,(SUM('Target BS'!I10:I12)-SUM('Target BS'!I29:I30)+SUM('Acquirer BS'!I10:I12)-SUM('Acquirer BS'!I29:I30))/('Target IS'!I9+'Acquirer IS'!I9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!J10:J12)-SUM('Target BS'!J29:J30)+SUM('Acquirer BS'!J10:J12)-SUM('Acquirer BS'!J29:J30))/('Target IS'!J9+'Acquirer IS'!J9)),0,(SUM('Target BS'!J10:J12)-SUM('Target BS'!J29:J30)+SUM('Acquirer BS'!J10:J12)-SUM('Acquirer BS'!J29:J30))/('Target IS'!J9+'Acquirer IS'!J9))","v":9.3960950569137711E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!K10:K12)-SUM('Target BS'!K29:K30)+SUM('Acquirer BS'!K10:K12)-SUM('Acquirer BS'!K29:K30))/('Target IS'!K9+'Acquirer IS'!K9)),0,(SUM('Target BS'!K10:K12)-SUM('Target BS'!K29:K30)+SUM('Acquirer BS'!K10:K12)-SUM('Acquirer BS'!K29:K30))/('Target IS'!K9+'Acquirer IS'!K9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!L10:L12)-SUM('Target BS'!L29:L30)+SUM('Acquirer BS'!L10:L12)-SUM('Acquirer BS'!L29:L30))/('Target IS'!L9+'Acquirer IS'!L9)),0,(SUM('Target BS'!L10:L12)-SUM('Target BS'!L29:L30)+SUM('Acquirer BS'!L10:L12)-SUM('Acquirer BS'!L29:L30))/('Target IS'!L9+'Acquirer IS'!L9))","v":9.3880027695164112E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!M10:M12)-SUM('Target BS'!M29:M30)+SUM('Acquirer BS'!M10:M12)-SUM('Acquirer BS'!M29:M30))/('Target IS'!M9+'Acquirer IS'!M9)),0,(SUM('Target BS'!M10:M12)-SUM('Target BS'!M29:M30)+SUM('Acquirer BS'!M10:M12)-SUM('Acquirer BS'!M29:M30))/('Target IS'!M9+'Acquirer IS'!M9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!N10:N12)-SUM('Target BS'!N29:N30)+SUM('Acquirer BS'!N10:N12)-SUM('Acquirer BS'!N29:N30))/('Target IS'!N9+'Acquirer IS'!N9)),0,(SUM('Target BS'!N10:N12)-SUM('Target BS'!N29:N30)+SUM('Acquirer BS'!N10:N12)-SUM('Acquirer BS'!N29:N30))/('Target IS'!N9+'Acquirer IS'!N9))","v":9.3798985554776421E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!O10:O12)-SUM('Target BS'!O29:O30)+SUM('Acquirer BS'!O10:O12)-SUM('Acquirer BS'!O29:O30))/('Target IS'!O9+'Acquirer IS'!O9)),0,(SUM('Target BS'!O10:O12)-SUM('Target BS'!O29:O30)+SUM('Acquirer BS'!O10:O12)-SUM('Acquirer BS'!O29:O30))/('Target IS'!O9+'Acquirer IS'!O9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!P10:P12)-SUM('Target BS'!P29:P30)+SUM('Acquirer BS'!P10:P12)-SUM('Acquirer BS'!P29:P30))/('Target IS'!P9+'Acquirer IS'!P9)),0,(SUM('Target BS'!P10:P12)-SUM('Target BS'!P29:P30)+SUM('Acquirer BS'!P10:P12)-SUM('Acquirer BS'!P29:P30))/('Target IS'!P9+'Acquirer IS'!P9))","v":9.3717824213429501E-2},{"$f":"+IF(ISERROR((SUM('Target BS'!Q10:Q12)-SUM('Target BS'!Q29:Q30)+SUM('Acquirer BS'!Q10:Q12)-SUM('Acquirer BS'!Q29:Q30))/('Target IS'!Q9+'Acquirer IS'!Q9)),0,(SUM('Target BS'!Q10:Q12)-SUM('Target BS'!Q29:Q30)+SUM('Acquirer BS'!Q10:Q12)-SUM('Acquirer BS'!Q29:Q30))/('Target IS'!Q9+'Acquirer IS'!Q9))","v":0},{"$f":"+IF(ISERROR((SUM('Target BS'!R10:R12)-SUM('Target BS'!R29:R30)+SUM('Acquirer BS'!R10:R12)-SUM('Acquirer BS'!R29:R30))/('Target IS'!R9+'Acquirer IS'!R9)),0,(SUM('Target BS'!R10:R12)-SUM('Target BS'!R29:R30)+SUM('Acquirer BS'!R10:R12)-SUM('Acquirer BS'!R29:R30))/('Target IS'!R9+'Acquirer IS'!R9))","v":9.3636543737739025E-2}]
[]
[null,"Cash Flow"]
[]
[null,"Capital Expenditures",null,{"$f":"'Acquirer Assumptions'!D33","v":245.4},null,{"$f":"'Acquirer Assumptions'!F33","v":260.89999999999998},null,{"$f":"'Acquirer Assumptions'!H33","v":1083.4000000000001},null,{"$f":"'Target Assumptions'!J32+'Acquirer Assumptions'!J33","v":872.13183200000003},null,{"$f":"'Target Assumptions'!L32+'Acquirer Assumptions'!L33","v":917.53280187400014},null,{"$f":"'Target Assumptions'!N32+'Acquirer Assumptions'!N33","v":965.29737848499815},null,{"$f":"'Target Assumptions'!P32+'Acquirer Assumptions'!P33","v":1015.5486209800133},null,{"$f":"'Target Assumptions'!R32+'Acquirer Assumptions'!R33","v":1068.4159959195281}]
[null,"Capex as a % of Sales",null,{"$f":"'Acquirer Assumptions'!D34","v":2.3611819380165686E-2},null,{"$f":"'Acquirer Assumptions'!F34","v":2.2571547219434544E-2},null,{"$f":"'Acquirer Assumptions'!H34","v":8.6603410099201444E-2},null,{"$f":"+IF(ISERROR(J34/'Newco IS'!M9),0,J34/'Newco IS'!M9)","v":5.0233285495857434E-2},{"$f":"+IF(ISERROR(K34/'Newco IS'!N9),0,K34/'Newco IS'!N9)","v":0},{"$f":"+IF(ISERROR(L34/'Newco IS'!O9),0,L34/'Newco IS'!O9)","v":0},{"$f":"+IF(ISERROR(M34/'Newco IS'!P9),0,M34/'Newco IS'!P9)","v":0},{"$f":"+IF(ISERROR(N34/'Newco IS'!Q9),0,N34/'Newco IS'!Q9)","v":0},{"$f":"+IF(ISERROR(O34/'Newco IS'!R9),0,O34/'Newco IS'!R9)","v":0},{"$f":"+IF(ISERROR(P34/'Newco IS'!S9),0,P34/'Newco IS'!S9)","v":0},{"$f":"+IF(ISERROR(Q34/'Newco IS'!T9),0,Q34/'Newco IS'!T9)","v":0},{"$f":"+IF(ISERROR(R34/'Newco IS'!U9),0,R34/'Newco IS'!U9)","v":0}]
[null,"Depreciation",null,{"$f":"'Acquirer Assumptions'!D35","v":739.7},null,{"$f":"'Acquirer Assumptions'!F35","v":895.6},null,{"$f":"'Acquirer Assumptions'!H35","v":983.7},null,{"$f":"'Target Assumptions'!J34+'Acquirer Assumptions'!J35","v":1120.6700700000001},null,{"$f":"'Target Assumptions'!L34+'Acquirer Assumptions'!L35","v":1179.3458305199999},null,{"$f":"'Target Assumptions'!N34+'Acquirer Assumptions'!N35","v":1241.0947810154403},null,{"$f":"'Target Assumptions'!P34+'Acquirer Assumptions'!P35","v":1306.0779401386048},null,{"$f":"'Target Assumptions'!R34+'Acquirer Assumptions'!R35","v":1374.4647662142445}]
[null,"Depreciation as a % of Sales",null,{"$f":"'Acquirer Assumptions'!D36","v":7.1172220030597227E-2},null,{"$f":"'Acquirer Assumptions'!F36","v":7.7482091566598618E-2},null,{"$f":"'Acquirer Assumptions'!H36","v":7.8633722092103064E-2},null,{"$f":"+IF(ISERROR(J36/'Newco IS'!M9),0,J36/'Newco IS'!M9)","v":6.4548658250295973E-2},{"$f":"+IF(ISERROR(K36/'Newco IS'!N9),0,K36/'Newco IS'!N9)","v":0},{"$f":"+IF(ISERROR(L36/'Newco IS'!O9),0,L36/'Newco IS'!O9)","v":0},{"$f":"+IF(ISERROR(M36/'Newco IS'!P9),0,M36/'Newco IS'!P9)","v":0},{"$f":"+IF(ISERROR(N36/'Newco IS'!Q9),0,N36/'Newco IS'!Q9)","v":0},{"$f":"+IF(ISERROR(O36/'Newco IS'!R9),0,O36/'Newco IS'!R9)","v":0},{"$f":"+IF(ISERROR(P36/'Newco IS'!S9),0,P36/'Newco IS'!S9)","v":0},{"$f":"+IF(ISERROR(Q36/'Newco IS'!T9),0,Q36/'Newco IS'!T9)","v":0},{"$f":"+IF(ISERROR(R36/'Newco IS'!U9),0,R36/'Newco IS'!U9)","v":0}]
[null,"Goodwill Amortization (Pre-6/2001)",null,{"$f":"'Acquirer Assumptions'!D37","v":0},null,{"$f":"'Acquirer Assumptions'!F37","v":0},null,{"$f":"'Acquirer Assumptions'!H37","v":0},null,{"$f":"'Acquirer Assumptions'!J37+Summary!E31","v":0},null,{"$f":"'Acquirer Assumptions'!L37+Summary!E31","v":0},null,{"$f":"'Acquirer Assumptions'!N37+Summary!E31","v":0},null,{"$f":"'Acquirer Assumptions'!P37+Summary!E31","v":0},null,{"$f":"'Acquirer Assumptions'!R37+Summary!E31","v":0}]
[null,"Amortization of Intangibles",null,{"$f":"'Acquirer Assumptions'!D38","v":0},null,{"$f":"'Acquirer Assumptions'!F38","v":0},null,{"$f":"'Acquirer Assumptions'!H38","v":0},null,{"$f":"'Target Assumptions'!J37+'Acquirer Assumptions'!J38","v":300},null,{"$f":"'Target Assumptions'!L37+'Acquirer Assumptions'!L38","v":300},null,{"$f":"'Target Assumptions'!N37+'Acquirer Assumptions'!N38","v":300},null,{"$f":"'Target Assumptions'!P37+'Acquirer Assumptions'!P38","v":300},null,{"$f":"'Target Assumptions'!R37+'Acquirer Assumptions'!R38","v":300}]
[null,"Amortization of Deferred Financing Exp",null,0,null,0,null,0,null,{"$f":"Summary!$E$29","v":19.05},null,{"$f":"Summary!$E$29","v":19.05},null,{"$f":"Summary!$E$29","v":19.05},null,{"$f":"Summary!$E$29","v":19.05},null,{"$f":"Summary!$E$29","v":19.05}]
[null,"Chg in Deferred Taxes - Asset",null,{"$f":"'Acquirer Assumptions'!D41","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F41","v":0},null,{"$f":"'Acquirer Assumptions'!H41","v":0},null,{"$f":"'Target Assumptions'!J40+'Acquirer Assumptions'!J41","v":0},null,{"$f":"'Target Assumptions'!L40+'Acquirer Assumptions'!L41","v":0},null,{"$f":"'Target Assumptions'!N40+'Acquirer Assumptions'!N41","v":0},null,{"$f":"'Target Assumptions'!P40+'Acquirer Assumptions'!P41","v":0},null,{"$f":"'Target Assumptions'!R40+'Acquirer Assumptions'!R41","v":0}]
[null,"Chg in Deferred Taxes - Liab",null,{"$f":"'Acquirer Assumptions'!D42","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F42","v":602.70000000000027},null,{"$f":"'Acquirer Assumptions'!H42","v":-182.10000000000014},null,{"$f":"'Target Assumptions'!J41+'Acquirer Assumptions'!J42","v":210.30000000000007},null,{"$f":"'Target Assumptions'!L41+'Acquirer Assumptions'!L42","v":210.30000000000007},null,{"$f":"'Target Assumptions'!N41+'Acquirer Assumptions'!N42","v":210.30000000000007},null,{"$f":"'Target Assumptions'!P41+'Acquirer Assumptions'!P42","v":210.30000000000007},null,{"$f":"'Target Assumptions'!R41+'Acquirer Assumptions'!R42","v":210.30000000000007}]
[null,"Dividend from Affiliates",null,{"$f":"'Acquirer Assumptions'!D43","v":0},null,{"$f":"'Acquirer Assumptions'!F43","v":0},null,{"$f":"'Acquirer Assumptions'!H43","v":0},null,{"$f":"'Target Assumptions'!J42+'Acquirer Assumptions'!J43","v":0},null,{"$f":"'Target Assumptions'!L42+'Acquirer Assumptions'!L43","v":0},null,{"$f":"'Target Assumptions'!N42+'Acquirer Assumptions'!N43","v":0},null,{"$f":"'Target Assumptions'!P42+'Acquirer Assumptions'!P43","v":0},null,{"$f":"'Target Assumptions'!R42+'Acquirer Assumptions'!R43","v":0}]
[null,"Payout Ratio of Affiliates",null,{"$f":"'Acquirer Assumptions'!D44","v":0},null,{"$f":"'Acquirer Assumptions'!F44","v":0},null,{"$f":"'Acquirer Assumptions'!H44","v":0},null,{"$f":"IF('Newco IS'!M24=0,0,J43/-'Newco IS'!M24)","v":0},null,{"$f":"IF('Newco IS'!P24=0,0,L43/-'Newco IS'!P24)","v":0},null,{"$f":"IF('Newco IS'!R24=0,0,N43/-'Newco IS'!R24)","v":0},null,{"$f":"IF('Newco IS'!T24=0,0,P43/-'Newco IS'!T24)","v":0},null,{"$f":"IF('Newco IS'!V24=0,0,R43/-'Newco IS'!V24)","v":0}]
[null,"Dividends per Share",null,{"$f":"'Acquirer Assumptions'!D45","v":0},null,{"$f":"'Acquirer Assumptions'!F45","v":0},null,{"$f":"'Acquirer Assumptions'!H45","v":0},null,{"$f":"'Acquirer Assumptions'!J45","v":0},null,{"$f":"'Acquirer Assumptions'!L45","v":0},null,{"$f":"'Acquirer Assumptions'!N45","v":0},null,{"$f":"'Acquirer Assumptions'!P45","v":0},null,{"$f":"'Acquirer Assumptions'!R45","v":0}]
[null,"Dividend Payout Ratio",null,{"$f":"'Acquirer Assumptions'!D46","v":0},null,{"$f":"'Acquirer Assumptions'!F46","v":0},null,{"$f":"'Acquirer Assumptions'!H46","v":0},null,{"$f":"'Acquirer Assumptions'!J46","v":0},null,{"$f":"'Acquirer Assumptions'!L46","v":0},null,{"$f":"'Acquirer Assumptions'!N46","v":0},null,{"$f":"'Acquirer Assumptions'!P46","v":0},null,{"$f":"'Acquirer Assumptions'!R46","v":0}]
[null,"Dividends Paid",null,{"$f":"'Acquirer Assumptions'!D47","v":0},null,{"$f":"'Acquirer Assumptions'!F47","v":0},null,{"$f":"'Acquirer Assumptions'!H47","v":0},null,{"$f":"J45*J53","v":0},null,{"$f":"L45*L53","v":0},null,{"$f":"N45*N53","v":0},null,{"$f":"P45*P53","v":0},null,{"$f":"R45*R53","v":0}]
[null,"Effective Tax Rate",null,{"$f":"'Acquirer Assumptions'!D48","v":0.36851650344577364},null,{"$f":"'Acquirer Assumptions'!F48","v":3.1168091168091352},null,{"$f":"'Acquirer Assumptions'!H48","v":0.73825503355706501},null,{"$f":"'Acquirer Assumptions'!J48","v":0.26},null,{"$f":"'Acquirer Assumptions'!L48","v":0.26},null,{"$f":"'Acquirer Assumptions'!N48","v":0.26},null,{"$f":"'Acquirer Assumptions'!P48","v":0.26},null,{"$f":"'Acquirer Assumptions'!R48","v":0.26}]
[null,"Marginal Tax Rate",null,{"$f":"'Acquirer Assumptions'!D50","v":0},null,{"$f":"'Acquirer Assumptions'!F50","v":0},null,{"$f":"'Acquirer Assumptions'!H50","v":0},null,0.4,0.4,0.4,0.4,0.4,0.4,0.4,0.4,0.4]
[]
[null,"Other"]
[]
[null,"Shares Outstanding - Basic",null,{"$f":"'Acquirer Assumptions'!D53","v":0},null,{"$f":"'Acquirer Assumptions'!F53","v":0},null,{"$f":"'Acquirer Assumptions'!H53","v":358.1},null,{"$f":"'Acquirer Assumptions'!H53+Summary!I14+Summary!I15+Summary!I16+Summary!I17","v":503.94261475622409},null,{"$f":"J53","v":503.94261475622409},null,{"$f":"J53","v":503.94261475622409},null,{"$f":"J53","v":503.94261475622409},null,{"$f":"J53","v":503.94261475622409}]
[null,"Shares Outstanding - Diluted",null,{"$f":"'Acquirer Assumptions'!D54","v":0},null,{"$f":"'Acquirer Assumptions'!F54","v":0},null,{"$f":"'Acquirer Assumptions'!H54","v":361.7},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$I$14+Summary!$I$15+Summary!$I$16+Summary!$I$16","v":507.54261475622405},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$I$15+Summary!$I$16+Summary!$I$17","v":413.56721991701244},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$I$15+Summary!$I$16+Summary!$I$17","v":413.56721991701244},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$I$15+Summary!$I$16+Summary!$I$17","v":413.56721991701244},null,{"$f":"'Acquirer Assumptions'!H54+Summary!$I$15+Summary!$I$16+Summary!$I$17","v":413.56721991701244}]
[null,"Revolving Credit Facility Rate",null,{"$f":"'Acquirer Assumptions'!D55","v":0},null,{"$f":"'Acquirer Assumptions'!F55","v":0},null,{"$f":"'Acquirer Assumptions'!H55","v":0},null,{"$f":"'Acquirer Assumptions'!J55","v":4.3999999999999997E-2},null,{"$f":"J55","v":4.3999999999999997E-2},null,{"$f":"L55","v":4.3999999999999997E-2},null,{"$f":"N55","v":4.3999999999999997E-2},null,{"$f":"P55","v":4.3999999999999997E-2}]
[null,"Senior Debt Rate",null,{"$f":"'Acquirer Assumptions'!D56","v":0},null,{"$f":"'Acquirer Assumptions'!F56","v":0},null,{"$f":"'Acquirer Assumptions'!H56","v":0},null,5.5E-2,null,{"$f":"J56","v":5.5E-2},null,{"$f":"L56","v":5.5E-2},null,{"$f":"N56","v":5.5E-2},null,{"$f":"P56","v":5.5E-2}]
[null,"Subordinated Debt",null,{"$f":"'Acquirer Assumptions'!D57","v":0},null,{"$f":"'Acquirer Assumptions'!F57","v":0},null,{"$f":"'Acquirer Assumptions'!H57","v":0},null,0.08,null,{"$f":"J57","v":0.08},null,{"$f":"L57","v":0.08},null,{"$f":"N57","v":0.08},null,{"$f":"P57","v":0.08}]
[null,"Average Interest Rate",null,{"$f":"'Acquirer Assumptions'!D58","v":"NA"},null,{"$f":"'Acquirer Assumptions'!F58","v":4.5024913956952801E-2},null,{"$f":"'Acquirer Assumptions'!H58","v":3.7790152036538821E-2},null,{"$f":"+IF(ISERROR('Newco IS'!M27/AVERAGE('Newco BS'!M39:P39)),0,'Newco IS'!M27/AVERAGE('Newco BS'!M39:P39))","v":4.9760439519808436E-2},{"$f":"+IF(ISERROR('Newco IS'!N27/AVERAGE('Newco BS'!N39:Q39)),0,'Newco IS'!N27/AVERAGE('Newco BS'!N39:Q39))","v":0},{"$f":"+IF(ISERROR('Newco IS'!P27/AVERAGE('Newco BS'!P39:R39)),0,'Newco IS'!P27/AVERAGE('Newco BS'!P39:R39))","v":4.9763102354404357E-2},{"$f":"+IF(ISERROR('Newco IS'!P27/AVERAGE('Newco BS'!P39:S39)),0,'Newco IS'!P27/AVERAGE('Newco BS'!P39:S39))","v":4.9763102354404357E-2},{"$f":"+IF(ISERROR('Newco IS'!R27/AVERAGE('Newco BS'!R39:T39)),0,'Newco IS'!R27/AVERAGE('Newco BS'!R39:T39))","v":4.9766391476850615E-2},{"$f":"+IF(ISERROR('Newco IS'!R27/AVERAGE('Newco BS'!R39:U39)),0,'Newco IS'!R27/AVERAGE('Newco BS'!R39:U39))","v":4.9766391476850615E-2},{"$f":"+IF(ISERROR('Newco IS'!T27/AVERAGE('Newco BS'!T39:V39)),0,'Newco IS'!T27/AVERAGE('Newco BS'!T39:V39))","v":4.9770557283812002E-2},{"$f":"+IF(ISERROR('Newco IS'!T27/AVERAGE('Newco BS'!T39:W39)),0,'Newco IS'!T27/AVERAGE('Newco BS'!T39:W39))","v":4.9770557283812002E-2},{"$f":"+IF(ISERROR('Newco IS'!V27/AVERAGE('Newco BS'!V39:X39)),0,'Newco IS'!V27/AVERAGE('Newco BS'!V39:X39))","v":4.9776004178129947E-2}]
[null,"Marketable Securities Rate",null,{"$f":"'Acquirer Assumptions'!D59","v":0},null,{"$f":"'Acquirer Assumptions'!F59","v":0},null,{"$f":"'Acquirer Assumptions'!H59","v":0},null,{"$f":"'Acquirer Assumptions'!J59","v":0},null,{"$f":"'Acquirer Assumptions'!L59","v":0},null,{"$f":"'Acquirer Assumptions'!N59","v":0},null,{"$f":"'Acquirer Assumptions'!P59","v":0},null,{"$f":"'Acquirer Assumptions'!R59","v":0}]

{"sheet":"Newco IS","index":11,"n_rows":58,"n_cols":26,"rows_kept":58,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Newco Assumptions'!A1","v":"Newco"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Pro Forma Income Statement"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,"Actual",null,null,{"$f":"\"Projected \"&('Newco Assumptions'!J7)&\"\"","v":"Projected 2016"},null,null,null,"Trans",null,"Pro Forma",null,null,{"$f":"'Newco Assumptions'!J6","v":"Projections"},null,null,null,null,null,null,null,null,1," 0 = circ off"]
[null,null,null,{"$f":"'Acquirer Assumptions'!H7","v":2015},null,null,{"$f":"'Acquirer Assumptions'!A1","v":"Acquirer"},null,"Target",null,"Adj",null,{"$f":"'Newco Assumptions'!J7","v":2016},null,null,{"$f":"'Acquirer Assumptions'!L7","v":2017},null,{"$f":"'Acquirer Assumptions'!N7","v":2018},null,{"$f":"'Acquirer Assumptions'!P7","v":2019},null,{"$f":"'Acquirer Assumptions'!R7","v":2020},null,null,null," 1 = circ on"]
[]
[null,"Sales",null,{"$f":"'Acquirer IS'!H9","v":12509.9},null,null,{"$f":"'Acquirer IS'!J9","v":13160.4148},null,{"$f":"'Target IS'!J9","v":4176.2174999999997},null,{"$f":"Summary!Q39","v":25},null,{"$f":"G9+I9+K9","v":17361.632300000001},null,null,{"$f":"'Target IS'!L9+'Acquirer IS'!L9+Summary!Q40","v":18325.6658321},null,{"$f":"'Target IS'!N9+'Acquirer IS'!N9+Summary!Q41","v":19362.918183756701},null,{"$f":"'Target IS'!P9+'Acquirer IS'!P9+Summary!Q42","v":20375.934632760862},null,{"$f":"'Target IS'!R9+'Acquirer IS'!R9+Summary!Q43","v":21442.394895802925}]
[]
[null,"  Integration Expenses",null,null,null,null,null,null,null,null,{"$f":"'Newco Assumptions'!J13","v":100},null,{"$f":"SUM(G11:K11)","v":100},null,null,{"$f":"'Newco Assumptions'!L13","v":50},null,{"$f":"'Newco Assumptions'!N13","v":0},{"$f":"'Newco Assumptions'!O13","v":0},{"$f":"'Newco Assumptions'!P13","v":0},null,{"$f":"'Newco Assumptions'!R13","v":0}]
[null,"  Cost of Goods Sold",null,{"$f":"'Acquirer IS'!H11","v":7214.4},null,null,{"$f":"'Acquirer IS'!J11","v":7501.436436},null,{"$f":"'Target IS'!J11","v":1795.7735249999998},null,{"$f":"IF($Y$6=0,0,Summary!Q39*(1-Summary!O39)-Summary!K39)","v":8.5438789357607838},null,{"$f":"IF($Y$6=0,0,G12+I12+K12+M11)","v":9405.7538399357618},null,null,{"$f":"IF($Y$6=0,0,'Target IS'!L11+'Acquirer IS'!L11+Summary!Q40*(1-Summary!O40)-Summary!K40)+P11","v":9866.4317627775017},null,{"$f":"IF($Y$6=0,0,'Target IS'!N11+'Acquirer IS'!N11+Summary!Q41*(1-Summary!O41)-Summary!K41)","v":10365.912840289508},null,{"$f":"IF($Y$6=0,0,'Target IS'!P11+'Acquirer IS'!P11+Summary!Q42*(1-Summary!O42)-Summary!K42)","v":10907.53570051017},null,{"$f":"IF($Y$6=0,0,'Target IS'!R11+'Acquirer IS'!R11+Summary!Q43*(1-Summary!O43)-Summary!K43)","v":11477.652697707232}]
[]
[null,"Gross Profit",null,{"$f":"D9-D12","v":5295.5},null,null,{"$f":"G9-G12","v":5658.9783640000005},null,{"$f":"I9-I12","v":2380.4439750000001},null,null,null,{"$f":"M9-SUM(M11:M12)","v":7855.8784600642393},null,null,{"$f":"P9-SUM(P11:P12)","v":8409.2340693224978},null,{"$f":"R9-SUM(R11:R12)","v":8997.0053434671936},null,9468.3989322506914,null,9964.7421980956933]
[]
[null,"  SG&A",null,{"$f":"'Acquirer IS'!H15","v":3354.9},null,null,{"$f":"'Acquirer IS'!J15","v":3619.9371000000001},null,{"$f":"'Target IS'!J15","v":1096.7839999999999},null,{"$f":"-Summary!E39+Summary!Q39*Summary!E63","v":-0.5},null,{"$f":"G16+I16+K16","v":4716.2210999999998},null,null,{"$f":"'Target IS'!L15+'Acquirer IS'!L15-Summary!E40+Summary!Q40*Summary!E63","v":5049.0674908999999},null,{"$f":"'Target IS'!N15+'Acquirer IS'!N15-Summary!E41+Summary!Q41*Summary!E63","v":5407.7607636410994},null,{"$f":"'Target IS'!P15+'Acquirer IS'!P15-Summary!E42+Summary!Q42*Summary!E63","v":5788.1558825671464},null,{"$f":"'Target IS'!R15+'Acquirer IS'!R15-Summary!E43+Summary!Q43*Summary!E63","v":6196.7516166322866}]
[null,"  Other Operating Expense",null,{"$f":"'Acquirer IS'!H16","v":458.5},null,null,{"$f":"'Acquirer IS'!J16","v":460.61451800000003},null,{"$f":"'Target IS'!J16","v":459.38392499999998},null,null,null,{"$f":"G17+I17+K17","v":919.99844299999995},null,null,{"$f":"'Target IS'!L16+'Acquirer IS'!L16","v":969.21651381100014},null,{"$f":"'Target IS'!N16+'Acquirer IS'!N16","v":1021.0697226517971},null,{"$f":"'Target IS'!P16+'Acquirer IS'!P16","v":1075.6992656090599},null,{"$f":"'Target IS'!R16+'Acquirer IS'!R16","v":1133.2539102559656}]
[null,"  Depreciation",null,{"$f":"'Acquirer IS'!H17","v":983.7},null,null,{"$f":"'Acquirer IS'!J17","v":987.03111000000001},null,{"$f":"'Target IS'!J17","v":133.63896},null,null,null,{"$f":"G18+I18+K18","v":1120.6700700000001},null,null,{"$f":"'Target IS'!L17+'Acquirer IS'!L17","v":1179.3458305199999},null,{"$f":"'Target IS'!N17+'Acquirer IS'!N17","v":1241.0947810154403},null,{"$f":"'Target IS'!P17+'Acquirer IS'!P17","v":1306.0779401386048},null,{"$f":"'Target IS'!R17+'Acquirer IS'!R17","v":1374.4647662142445}]
[null,"  Amortization",null,{"$f":"'Acquirer IS'!H18","v":0},null,null,0,null,{"$f":"'Target IS'!J18","v":300},null,{"$f":"Summary!E29","v":19.05},null,{"$f":"G19+I19+K19","v":319.05},null,null,{"$f":"'Newco Assumptions'!L38+'Newco Assumptions'!L39+'Newco Assumptions'!L40","v":319.05},null,{"$f":"'Newco Assumptions'!N38+'Newco Assumptions'!N39+'Newco Assumptions'!N40","v":319.05},null,{"$f":"'Newco Assumptions'!P38+'Newco Assumptions'!P39+'Newco Assumptions'!P40","v":319.05},null,{"$f":"'Newco Assumptions'!R38+'Newco Assumptions'!R39+'Newco Assumptions'!R40","v":319.05}]
[]
[null,"EBIT",null,{"$f":"D14-SUM(D16:D19)","v":498.39999999999964},null,null,{"$f":"G14-SUM(G16:G19)","v":591.3956360000002},null,{"$f":"I14-SUM(I16:I19)","v":390.6370900000004},null,null,null,{"$f":"M14-SUM(M16:M19)","v":779.93884706423978},null,null,{"$f":"P14-SUM(P16:P19)","v":892.55423409149716},null,{"$f":"R14-SUM(R16:R19)","v":1008.0300761588569},null,{"$f":"T14-SUM(T16:T19)","v":979.41584393588164},null,{"$f":"V14-SUM(V16:V19)","v":941.22190499319731}]
[]
[null,"  Unusual (Gain) Loss",null,{"$f":"'Acquirer IS'!H22","v":0},null,null,{"$f":"'Acquirer IS'!J22","v":0},null,{"$f":"'Target IS'!J22","v":0},null,{"$f":"Summary!Q17*(1-Summary!E30)","v":444.5},null,{"$f":"G23+I23+K23","v":444.5},null,null,{"$f":"'Target IS'!L22+'Acquirer IS'!L22","v":0},null,{"$f":"'Target IS'!N22+'Acquirer IS'!N22","v":0},null,{"$f":"'Target IS'!P22+'Acquirer IS'!P22","v":0},null,{"$f":"'Target IS'!R22+'Acquirer IS'!R22","v":0}]
[null,"  (Income) from Affiliates",null,{"$f":"'Acquirer IS'!H23","v":0},null,null,{"$f":"'Acquirer IS'!J23","v":0},null,{"$f":"'Target IS'!J23","v":0},null,null,null,{"$f":"G24+I24+K24","v":0},null,null,{"$f":"'Target IS'!L23+'Acquirer IS'!L23","v":0},null,{"$f":"'Target IS'!N23+'Acquirer IS'!N23","v":0},null,{"$f":"'Target IS'!P23+'Acquirer IS'!P23","v":0},null,{"$f":"'Target IS'!R23+'Acquirer IS'!R23","v":0}]
[null,"  Other Expense (Income)",null,{"$f":"'Acquirer IS'!H24","v":212.7},null,null,{"$f":"'Acquirer IS'!J24","v":0},null,{"$f":"'Target IS'!J24","v":0},null,null,null,{"$f":"G25+I25+K25","v":0},null,null,{"$f":"'Target IS'!L24+'Acquirer IS'!L24","v":0},null,{"$f":"'Target IS'!N24+'Acquirer IS'!N24","v":0},null,{"$f":"'Target IS'!P24+'Acquirer IS'!P24","v":0},null,{"$f":"'Target IS'!R24+'Acquirer IS'!R24","v":0}]
[null,"  Interest (Income)",null,{"$f":"'Acquirer IS'!H25","v":29.2},null,null,{"$f":"'Acquirer IS'!J25","v":0},null,{"$f":"'Target IS'!J25","v":0},null,{"$f":"+IF(ISERROR(M26-G26-I26),0,M26-G26-I26)","v":0},null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!J59*AVERAGE('Newco BS'!M9:P9))","v":0},null,null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!J59*AVERAGE('Newco BS'!P9:R9))","v":0},null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!L59*AVERAGE('Newco BS'!R9:T9))","v":0},null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!N59*AVERAGE('Newco BS'!T9:V9))","v":0},null,{"$f":"IF($Y$6=0,0,-'Newco Assumptions'!P59*AVERAGE('Newco BS'!V9:X9))","v":0}]
[null,"  Interest Expense",null,{"$f":"'Acquirer IS'!H26","v":241.6},null,null,{"$f":"'Acquirer IS'!J26","v":339.06},null,{"$f":"'Target IS'!J26","v":95.545000000000016},null,{"$f":"+IF(ISERROR(M27-G27-I27),0,M27-G27-I27)","v":134.17490304750004},null,{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!H52)),0,IF($Y$6=0,0,'Debt Repayment'!H52))","v":568.77990304750006},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!I52)),0,IF($Y$6=0,0,'Debt Repayment'!I52))","v":0},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!J52)),0,IF($Y$6=0,0,'Debt Repayment'!J52))","v":514.65622904250006},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!J52)),0,IF($Y$6=0,0,'Debt Repayment'!J52))","v":514.65622904250006},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!L52)),0,IF($Y$6=0,0,'Debt Repayment'!L52))","v":460.5325550375},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!L52)),0,IF($Y$6=0,0,'Debt Repayment'!L52))","v":460.5325550375},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!N52)),0,IF($Y$6=0,0,'Debt Repayment'!N52))","v":406.40888103250001},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!N52)),0,IF($Y$6=0,0,'Debt Repayment'!N52))","v":406.40888103250001},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!P52)),0,IF($Y$6=0,0,'Debt Repayment'!P52))","v":352.28520702750001},{"$f":"+IF(ISERROR(IF($Y$6=0,0,'Debt Repayment'!P52)),0,IF($Y$6=0,0,'Debt Repayment'!P52))","v":352.28520702750001}]
[]
[null,"Earnings before Taxes",null,{"$f":"D21-SUM(D23:D27)","v":14.899999999999636},null,null,{"$f":"G21-SUM(G23:G27)","v":252.33563600000019},null,{"$f":"I21-SUM(I23:I27)","v":295.09209000000038},null,null,null,{"$f":"M21-SUM(M23:M27)","v":-233.34105598326028},null,null,{"$f":"P21-SUM(P23:P27)","v":377.89800504899711},null,{"$f":"R21-SUM(R23:R27)","v":547.49752112135684},null,{"$f":"T21-SUM(T23:T27)","v":573.00696290338169},null,{"$f":"V21-SUM(V23:V27)","v":588.93669796569725}]
[]
[null,"  Noncontrolling Interest",null,{"$f":"'Acquirer IS'!H30","v":0},null,null,{"$f":"'Acquirer IS'!J30","v":0},null,{"$f":"'Target IS'!J30","v":0},null,null,null,{"$f":"G31+I31+K31","v":0},null,null,{"$f":"'Target IS'!L30+'Acquirer IS'!L30","v":0},null,{"$f":"'Target IS'!N30+'Acquirer IS'!N30","v":0},null,{"$f":"'Target IS'!P30+'Acquirer IS'!P30","v":0},null,{"$f":"'Target IS'!R30+'Acquirer IS'!R30","v":0}]
[null,"  Taxes",null,{"$f":"'Acquirer IS'!H31","v":11},null,null,{"$f":"'Acquirer IS'!J31","v":65.607265360000056},null,{"$f":"'Target IS'!J31","v":118.03683600000016},null,{"$f":"(K9-K11-K12-K16-K19-K23+K26-K27)*'Newco Assumptions'!J48","v":-176.99988331564782},null,{"$f":"G32+I32+K32","v":6.6442180443523853},null,null,{"$f":"P29*'Newco Assumptions'!L48","v":98.253481312739254},null,{"$f":"R29*'Newco Assumptions'!N48","v":142.34935549155279},null,{"$f":"T29*'Newco Assumptions'!P48","v":148.98181035487926},null,{"$f":"V29*'Newco Assumptions'!R48","v":153.1235414710813}]
[]
[null,"Net Income before Extra Items",null,{"$f":"D29-D31-D32","v":3.8999999999996362},null,null,{"$f":"G29-G31-G32","v":186.72837064000015},null,{"$f":"I29-I31-I32","v":177.05525400000022},null,null,null,{"$f":"M29-M31-M32","v":-239.98527402761266},null,null,{"$f":"P29-P31-P32","v":279.64452373625784},null,{"$f":"R29-R31-R32","v":405.14816562980405},null,{"$f":"T29-T31-T32","v":424.02515254850243},null,{"$f":"V29-V31-V32","v":435.81315649461595}]
[]
[null,"  Extraordinary Items",null,{"$f":"'Acquirer IS'!H35","v":-19.2},null,null,{"$f":"'Acquirer IS'!J35","v":0},null,{"$f":"'Target IS'!J35","v":0},null,null,null,{"$f":"G36+I36+K36","v":0},null,null,{"$f":"'Target IS'!L35+'Acquirer IS'!L35","v":0},null,{"$f":"'Target IS'!N35+'Acquirer IS'!N35","v":0},null,{"$f":"'Target IS'!P35+'Acquirer IS'!P35","v":0},null,{"$f":"'Target IS'!R35+'Acquirer IS'!R35","v":0}]
[null,"  Discontinued Operations",null,{"$f":"'Acquirer IS'!H36","v":-61.3},null,null,{"$f":"'Acquirer IS'!J36","v":0},null,{"$f":"'Target IS'!J36","v":0},null,null,null,{"$f":"G37+I37+K37","v":0},null,null,{"$f":"'Target IS'!L36+'Acquirer IS'!L36","v":0},null,{"$f":"'Target IS'!N36+'Acquirer IS'!N36","v":0},null,{"$f":"'Target IS'!P36+'Acquirer IS'!P36","v":0},null,{"$f":"'Target IS'!R36+'Acquirer IS'!R36","v":0}]
[]
[null,"Net Income after Extra Items",null,{"$f":"D34+D36+D37","v":-76.600000000000364},null,null,{"$f":"G34+G36+G37","v":186.72837064000015},null,{"$f":"I34+I36+I37","v":177.05525400000022},null,null,null,{"$f":"M34+M36+M37","v":-239.98527402761266},null,null,{"$f":"P34+P36+P37","v":279.64452373625784},null,{"$f":"R34+R36+R37","v":405.14816562980405},null,{"$f":"T34+T36+T37","v":424.02515254850243},null,{"$f":"V34+V36+V37","v":435.81315649461595}]
[]
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[]
[null,"EPS - Diluted",null,{"$f":"'Acquirer IS'!H42","v":1.0782416367154095E-2},null,null,{"$f":"+IF(ISERROR(G39/'Acquirer Assumptions'!J54),0,G39/'Acquirer Assumptions'!J54)","v":0.51625206148742098},{"$f":"+IF(ISERROR(H39/'Acquirer Assumptions'!K54),0,H39/'Acquirer Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR(I39/'Acquirer Assumptions'!L54),0,I39/'Acquirer Assumptions'!L54)","v":0.48950858169754002},null,null,null,{"$f":"+IF(ISERROR(M39/'Newco Assumptions'!J54),0,M39/'Newco Assumptions'!J54)","v":-0.47283768308377239},{"$f":"+IF(ISERROR(N39/'Newco Assumptions'!K54),0,N39/'Newco Assumptions'!K54)","v":0},null,{"$f":"P34/'Newco Assumptions'!L54","v":0.67617671389036127},{"$f":"+IF(ISERROR(Q39/'Newco Assumptions'!N54),0,Q39/'Newco Assumptions'!N54)","v":0},{"$f":"R34/'Newco Assumptions'!N54","v":0.97964283946658592},{"$f":"+IF(ISERROR(S39/'Newco Assumptions'!P54),0,S39/'Newco Assumptions'!P54)","v":0},{"$f":"T34/'Newco Assumptions'!P54","v":1.0252871410688413},{"$f":"+IF(ISERROR(U39/'Newco Assumptions'!R54),0,U39/'Newco Assumptions'!R54)","v":0},{"$f":"V39/'Newco Assumptions'!R54","v":1.0537903767664842}]
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[null,"Other Financial Data"]
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[null,"Depreciation & Amortization",null,{"$f":"'Acquirer IS'!H46","v":983.7},null,null,{"$f":"'Acquirer IS'!J46","v":987.03111000000001},null,{"$f":"'Target IS'!J46","v":433.63896},null,{"$f":"K19","v":19.05},null,{"$f":"G47+I47+K47","v":1439.7200700000001},null,null,{"$f":"'Newco Assumptions'!L36+'Newco Assumptions'!L38+'Newco Assumptions'!L39+'Newco Assumptions'!L40","v":1498.3958305199999},null,{"$f":"'Newco Assumptions'!N36+'Newco Assumptions'!N38+'Newco Assumptions'!N39+'Newco Assumptions'!N40","v":1560.1447810154402},null,{"$f":"'Newco Assumptions'!P36+'Newco Assumptions'!P38+'Newco Assumptions'!P39+'Newco Assumptions'!P40","v":1625.1279401386048},null,{"$f":"'Newco Assumptions'!R36+'Newco Assumptions'!R38+'Newco Assumptions'!R39+'Newco Assumptions'!R40","v":1693.5147662142444}]
[null,"Capital Expenditures",null,{"$f":"'Acquirer IS'!H47","v":1083.4000000000001},null,null,{"$f":"'Acquirer IS'!J47","v":855.426962},null,{"$f":"'Target IS'!J47","v":16.70487},null,null,null,{"$f":"G48+I48+K48","v":872.13183200000003},null,null,{"$f":"'Newco Assumptions'!L34","v":917.53280187400014},null,{"$f":"'Newco Assumptions'!N34","v":965.29737848499815},null,{"$f":"'Newco Assumptions'!P34","v":1015.5486209800133},null,{"$f":"'Newco Assumptions'!R34","v":1068.4159959195281}]
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[null,"EBITDA",null,{"$f":"D21+D47","v":1482.0999999999997},null,null,{"$f":"G21+G47","v":1578.4267460000001},null,{"$f":"I21+I47","v":824.2760500000004},null,null,null,{"$f":"M21+M47","v":2219.6589170642401},null,null,{"$f":"P21+P47","v":2390.9500646114971},null,{"$f":"R21+R47","v":2568.1748571742974},null,{"$f":"T21+T47","v":2604.5437840744862},null,{"$f":"V21+V47","v":2634.7366712074418}]
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[null,"EPS (Excluding Unusual Items)",null,{"$f":"'Acquirer IS'!H51","v":1.0782416367154095E-2},null,null,{"$f":"+IF(ISERROR((G34+G23*(1-'Acquirer Assumptions'!J48))/'Acquirer Assumptions'!J54),0,(G34+G23*(1-'Acquirer Assumptions'!J48))/'Acquirer Assumptions'!J54)","v":0.51625206148742098},null,{"$f":"+IF(ISERROR((I34+I23*(1-'Target Assumptions'!J48))/'Target Assumptions'!J53),0,(I34+I23*(1-'Target Assumptions'!J48))/'Target Assumptions'!J53)","v":1.014643289398282},null,null,null,{"$f":"+IF(ISERROR((M34+M23*(1-'Newco Assumptions'!J48))/'Newco Assumptions'!J54),0,(M34+M23*(1-'Newco Assumptions'!J48))/'Newco Assumptions'!J54)","v":0.17524582840222799},{"$f":"+IF(ISERROR((N34+N23*(1-'Newco Assumptions'!K48))/'Newco Assumptions'!K54),0,(N34+N23*(1-'Newco Assumptions'!K48))/'Newco Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR((O34+O23*(1-'Newco Assumptions'!L48))/'Newco Assumptions'!L54),0,(O34+O23*(1-'Newco Assumptions'!L48))/'Newco Assumptions'!L54)","v":0},{"$f":"(P34+P23*(1-'Newco Assumptions'!L48))/'Newco Assumptions'!L54","v":0.67617671389036127},null,{"$f":"(R34+R23*(1-'Newco Assumptions'!N48))/'Newco Assumptions'!N54","v":0.97964283946658592},null,{"$f":"(T34+T23*(1-'Newco Assumptions'!P48))/'Newco Assumptions'!P54","v":1.0252871410688413},null,{"$f":"(V34+V23*(1-'Newco Assumptions'!R48))/'Newco Assumptions'!R54","v":1.0537903767664842}]
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[null,"Cash EPS",null,{"$f":"'Acquirer IS'!H53","v":-0.98396461155654014},null,null,{"$f":"+IF(ISERROR('Acquirer CF'!J25/'Acquirer Assumptions'!J54),0,'Acquirer CF'!J25/'Acquirer Assumptions'!J54)","v":4.2615306030578584},null,{"$f":"+IF(ISERROR('Target CF'!J27/'Target Assumptions'!J53),0,'Target CF'!J27/'Target Assumptions'!J53)","v":4.9690064466381445},null,null,null,{"$f":"+IF(ISERROR('Newco CF'!J27/'Newco Assumptions'!J54),0,'Newco CF'!J27/'Newco Assumptions'!J54)","v":7.076539645771974},{"$f":"+IF(ISERROR('Newco CF'!K27/'Newco Assumptions'!K54),0,'Newco CF'!K27/'Newco Assumptions'!K54)","v":0},{"$f":"+IF(ISERROR('Newco CF'!L27/'Newco Assumptions'!L54),0,'Newco CF'!L27/'Newco Assumptions'!L54)","v":4.774391107319655},{"$f":"'Newco CF'!L27/'Newco Assumptions'!L54","v":4.774391107319655},{"$f":"+IF(ISERROR('Newco CF'!N27/'Newco Assumptions'!N54),0,'Newco CF'!N27/'Newco Assumptions'!N54)","v":5.2283112612592806},{"$f":"'Newco CF'!N27/'Newco Assumptions'!N54","v":5.2283112612592806},{"$f":"+IF(ISERROR('Newco CF'!P27/'Newco Assumptions'!P54),0,'Newco CF'!P27/'Newco Assumptions'!P54)","v":5.4819672348097246},{"$f":"'Newco CF'!P27/'Newco Assumptions'!P54","v":5.4819672348097246},{"$f":"+IF(ISERROR('Newco CF'!R27/'Newco Assumptions'!R54),0,'Newco CF'!R27/'Newco Assumptions'!R54)","v":5.6770147895109799},{"$f":"'Newco CF'!R27/'Newco Assumptions'!R54","v":5.6770147895109799}]
[]
[null,"Dividends per share",null,{"$f":"'Acquirer Assumptions'!H45","v":0},null,null,{"$f":"'Acquirer Assumptions'!J45","v":0},null,{"$f":"'Target Assumptions'!J44","v":0},null,null,null,{"$f":"'Newco Assumptions'!J45","v":0},null,null,{"$f":"'Newco Assumptions'!L45","v":0},null,{"$f":"'Newco Assumptions'!N45","v":0},null,{"$f":"'Newco Assumptions'!P45","v":0},null,{"$f":"'Newco Assumptions'!R45","v":0}]
[]
[null,"Dividend-adjusted Cash EPS",null,{"$f":"D54-D56","v":-0.98396461155654014},null,null,{"$f":"+IF(ISERROR(G54-G56),0,G54-G56)","v":4.2615306030578584},null,{"$f":"+IF(ISERROR(I54-I56),0,I54-I56)","v":4.9690064466381445},null,null,null,{"$f":"M54-M56","v":7.076539645771974},null,null,{"$f":"P54-P56","v":4.774391107319655},null,{"$f":"R54-R56","v":5.2283112612592806},null,{"$f":"T54-T56","v":5.4819672348097246},null,{"$f":"V54-V56","v":5.6770147895109799}]

{"sheet":"Newco BS","index":12,"n_rows":59,"n_cols":25,"rows_kept":59,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Newco IS'!A1","v":"Newco"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Pro Forma Balance Sheet"]
["($Millions, except per share data)"]
[]
[]
[]
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[null,null,null,null,{"$f":"'Acquirer IS'!A1","v":"Acquirer"},null,"Target",null,"Adj",null,"Adj",null,{"$f":"'Newco Assumptions'!H7","v":2015},null,null,{"$f":"'Acquirer IS'!J7","v":2016},null,{"$f":"'Acquirer IS'!L7","v":2017},null,{"$f":"'Acquirer IS'!N7","v":2018},null,{"$f":"'Acquirer IS'!P7","v":2019},null,{"$f":"'Acquirer IS'!R7","v":2020}]
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[null,"Cash",null,null,{"$f":"'Acquirer BS'!H9","v":855.3},null,{"$f":"'Target BS'!H9","v":276.3},null,null,null,{"$f":"-Summary!Q7","v":-1000},null,{"$f":"E9+G9+I9+K9","v":131.59999999999991},null,null,{"$f":"+IF(ISERROR('Newco CF'!J52),0,'Newco CF'!J52)","v":1762.8753582411905},null,{"$f":"'Newco CF'!L52","v":1731.6359684178863},null,{"$f":"'Newco CF'!N52","v":1840.3584981126971},null,{"$f":"'Newco CF'!P52","v":2003.7335811090932},null,{"$f":"'Newco CF'!R52","v":2194.9065641152374}]
[null,"Accounts Receivable",null,null,{"$f":"'Acquirer BS'!H10","v":1804.9},null,{"$f":"'Target BS'!H10","v":697.3},null,null,null,null,null,{"$f":"E10+G10+I10+K10","v":2502.1999999999998},null,null,{"$f":"('Newco Assumptions'!J23*'Newco IS'!M9)/365","v":2517.5374390562488},null,{"$f":"('Newco Assumptions'!L23*'Newco IS'!P9)/365","v":2657.5372045766339},null,{"$f":"('Newco Assumptions'!N23*'Newco IS'!R9)/365","v":2808.1781439918573},null,{"$f":"('Newco Assumptions'!P23*'Newco IS'!T9)/365","v":2955.3279775480942},null,{"$f":"('Newco Assumptions'!R23*'Newco IS'!V9)/365","v":3110.2534897646983}]
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[]
[null,"  Current Assets",null,null,{"$f":"SUM(E9:E12)","v":4834.8},null,{"$f":"SUM(G9:G12)","v":1625.1999999999998},null,null,null,null,null,{"$f":"SUM(M9:M12)","v":5459.9999999999991},null,null,{"$f":"SUM(P9:P12)","v":5338.265138640566},null,{"$f":"SUM(R9:R12)","v":5504.8984012628025},null,{"$f":"SUM(T9:T12)","v":5826.5639049131269},null,{"$f":"SUM(V9:V12)","v":6198.7290381123548},null,{"$f":"SUM(X9:X12)","v":6609.719234555736}]
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[null,"Property, Plant, & Equipment",null,null,{"$f":"'Acquirer BS'!H16","v":1726.4},null,{"$f":"'Target BS'!H16","v":871.40000000000009},null,0,null,null,null,{"$f":"E16+G16+I16+K16","v":2597.8000000000002},null,null,{"$f":"M16+'Newco Assumptions'!J34","v":3469.9318320000002},null,{"$f":"P16+'Newco Assumptions'!L34","v":4387.4646338740004},null,{"$f":"R16+'Newco Assumptions'!N34","v":5352.7620123589986},null,{"$f":"T16+'Newco Assumptions'!P34","v":6368.3106333390115},null,{"$f":"V16+'Newco Assumptions'!R34","v":7436.7266292585391}]
[null,"Accumulated Depreciation",null,null,{"$f":"'Acquirer BS'!H17","v":0},null,{"$f":"'Target BS'!H17","v":0},null,0,null,null,null,{"$f":"E17+G17+I17+K17","v":0},null,null,{"$f":"M17-'Newco Assumptions'!J36","v":-1120.6700700000001},null,{"$f":"P17-'Newco Assumptions'!L36","v":-2300.0159005200003},null,{"$f":"R17-'Newco Assumptions'!N36","v":-3541.1106815354406},null,{"$f":"T17-'Newco Assumptions'!P36","v":-4847.1886216740459},null,{"$f":"V17-'Newco Assumptions'!R36","v":-6221.6533878882901}]
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[null,"  Net Property, Plant, & Equipment",null,null,{"$f":"SUM(E16:E17)","v":1726.4},null,{"$f":"SUM(G16:G17)","v":871.40000000000009},null,null,null,null,null,{"$f":"SUM(M16:M17)","v":2597.8000000000002},null,null,{"$f":"SUM(P16:P17)","v":2349.2617620000001},null,{"$f":"SUM(R16:R17)","v":2087.4487333540001},null,{"$f":"SUM(T16:T17)","v":1811.6513308235581},null,{"$f":"SUM(V16:V17)","v":1521.1220116649656},null,{"$f":"SUM(X16:X17)","v":1215.073241370249}]
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[null,"Goodwill",null,null,{"$f":"'Acquirer BS'!H21","v":12474.5},null,{"$f":"'Target BS'!H21","v":4503.3999999999996},null,0,null,{"$f":"Summary!E27","v":9841.3648999999987},null,{"$f":"E21+G21+I21+K21","v":26819.264900000002},null,null,{"$f":"M21-'Newco Assumptions'!J38","v":26819.264900000002},null,{"$f":"P21-'Newco Assumptions'!L38","v":26819.264900000002},null,{"$f":"R21-'Newco Assumptions'!N38","v":26819.264900000002},null,{"$f":"T21-'Newco Assumptions'!P38","v":26819.264900000002},null,{"$f":"V21-'Newco Assumptions'!R38","v":26819.264900000002}]
[null,"Intangible Assets",null,null,{"$f":"'Acquirer BS'!H22","v":7804.5},null,{"$f":"'Target BS'!H22","v":1525.8},null,null,null,null,null,9330.2999999999993,null,null,{"$f":"M22-'Newco Assumptions'!J39","v":9030.2999999999993},null,{"$f":"P22-'Newco Assumptions'!L39","v":8730.2999999999993},null,{"$f":"R22-'Newco Assumptions'!N39","v":8430.2999999999993},null,{"$f":"T22-'Newco Assumptions'!P39","v":8130.2999999999993},null,{"$f":"V22-'Newco Assumptions'!R39","v":7830.2999999999993}]
[null,"Deferred Financing Expenses",null,null,0,null,0,null,null,null,{"$f":"Summary!Q17*Summary!E30","v":190.5},null,190.5,null,null,{"$f":"M23-'Newco Assumptions'!J40","v":171.45},null,{"$f":"P23-'Newco Assumptions'!L40","v":152.39999999999998},null,{"$f":"R23-'Newco Assumptions'!N40","v":133.34999999999997},null,{"$f":"T23-'Newco Assumptions'!P40","v":114.29999999999997},null,{"$f":"V23-'Newco Assumptions'!R40","v":95.249999999999972}]
[null,"Deferred Taxes",null,null,{"$f":"'Acquirer BS'!H23","v":0},null,{"$f":"'Target BS'!H23","v":23},null,null,null,null,null,23,null,null,{"$f":"M24+'Newco Assumptions'!J41","v":23},null,{"$f":"P24+'Newco Assumptions'!L41","v":23},null,{"$f":"R24+'Newco Assumptions'!N41","v":23},null,{"$f":"T24+'Newco Assumptions'!P41","v":23},null,{"$f":"V24+'Newco Assumptions'!R41","v":23}]
[null,"Equity in Affiliates",null,null,{"$f":"'Acquirer BS'!H24","v":0},null,{"$f":"'Target BS'!H24","v":0},null,null,null,null,null,0,null,null,{"$f":"M25-'Newco IS'!M24-'Newco Assumptions'!J43","v":0},null,{"$f":"P25-'Newco IS'!P24-'Newco Assumptions'!L43","v":0},null,{"$f":"R25-'Newco IS'!R24-'Newco Assumptions'!N43","v":0},null,{"$f":"T25-'Newco IS'!T24-'Newco Assumptions'!P43","v":0},null,{"$f":"V25-'Newco IS'!V24-'Newco Assumptions'!R43","v":0}]
[null,"Other",null,null,{"$f":"'Acquirer BS'!H25","v":604.4},null,{"$f":"'Target BS'!H25","v":89.2},null,null,null,null,null,693.6,null,null,{"$f":"M26+'Newco Assumptions'!J28","v":693.6},null,{"$f":"P26+'Newco Assumptions'!L28","v":693.6},null,{"$f":"R26+'Newco Assumptions'!N28","v":693.6},null,{"$f":"T26+'Newco Assumptions'!P28","v":693.6},null,{"$f":"V26+'Newco Assumptions'!R28","v":693.6}]
[]
[null,"Total Assets",null,null,{"$f":"E14+E19+SUM(E21:E26)","v":27444.600000000002},null,{"$f":"G14+G19+SUM(G21:G26)","v":8638},null,null,null,null,null,{"$f":"M14+M19+SUM(M21:M26)","v":45114.464899999992},null,null,{"$f":"P14+P19+SUM(P21:P26)","v":44425.141800640558},null,{"$f":"R14+R19+SUM(R21:R26)","v":44010.912034616798},null,{"$f":"T14+T19+SUM(T21:T26)","v":43737.730135736681},null,{"$f":"V14+V19+SUM(V21:V26)","v":43500.315949777316},null,{"$f":"X14+X19+SUM(X21:X26)","v":43286.20737592598}]
[]
[null,"Accounts Payable",null,null,{"$f":"'Acquirer BS'!H29","v":641.4},null,{"$f":"'Target BS'!H29","v":186.6},null,null,null,null,null,{"$f":"E30+G30+I30+K30","v":828},null,null,{"$f":"('Newco Assumptions'!J26*'Newco IS'!M12)/365","v":885.22479333730246},null,{"$f":"('Newco Assumptions'!L26*'Newco IS'!P12)/365","v":928.66565429153309},null,{"$f":"('Newco Assumptions'!N26*'Newco IS'!R12)/365","v":975.76714738421924},null,{"$f":"('Newco Assumptions'!P26*'Newco IS'!T12)/365","v":1026.844589573763},null,{"$f":"('Newco Assumptions'!R26*'Newco IS'!V12)/365","v":1080.6141680852504}]
[null,"Other",null,null,{"$f":"'Acquirer BS'!H30","v":1451.9},null,{"$f":"'Target BS'!H30","v":1005.8000000000001},null,null,null,null,null,{"$f":"E31+G31+I31+K31","v":2457.7000000000003},null,null,{"$f":"'Newco Assumptions'!J27*'Newco IS'!M12","v":2829.0756263308776},null,{"$f":"'Newco Assumptions'!L27*'Newco IS'!P12","v":2969.6987206166264},null,{"$f":"'Newco Assumptions'!N27*'Newco IS'!R12","v":3122.2054080140183},null,{"$f":"'Newco Assumptions'!P27*'Newco IS'!T12","v":3287.6268723166081},null,{"$f":"'Newco Assumptions'!R27*'Newco IS'!V12","v":3461.8738084593169}]
[]
[null,"  Current Liabilities",null,null,{"$f":"SUM(E30:E31)","v":2093.3000000000002},null,{"$f":"SUM(G30:G31)","v":1192.4000000000001},null,null,null,null,null,{"$f":"SUM(M30:M31)","v":3285.7000000000003},null,null,{"$f":"SUM(P30:P31)","v":3714.30041966818},null,{"$f":"SUM(R30:R31)","v":3898.3643749081593},null,{"$f":"SUM(T30:T31)","v":4097.9725553982371},null,{"$f":"SUM(V30:V31)","v":4314.4714618903708},null,{"$f":"SUM(X30:X31)","v":4542.4879765445676}]
[]
[null,"Revolving Credit Facility",null,null,{"$f":"'Acquirer BS'!H34","v":0},null,{"$f":"'Target BS'!H34","v":0},null,null,null,{"$f":"Summary!Q11","v":0},null,{"$f":"E35+G35+I35+K35","v":0},null,null,{"$f":"+IF(ISERROR('Newco CF'!J51),0,'Newco CF'!J51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!K51),0,'Newco CF'!K51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!L51),0,'Newco CF'!L51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!M51),0,'Newco CF'!M51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!N51),0,'Newco CF'!N51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!O51),0,'Newco CF'!O51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!P51),0,'Newco CF'!P51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!Q51),0,'Newco CF'!Q51)","v":0},{"$f":"+IF(ISERROR('Newco CF'!R51),0,'Newco CF'!R51)","v":0}]
[null,"Senior Debt",null,null,{"$f":"'Acquirer BS'!H35","v":7031.2},null,{"$f":"'Target BS'!H35","v":2060.9},null,null,null,{"$f":"Summary!Q12","v":2882.3824500000001},null,{"$f":"E36+G36+I36+K36","v":11974.48245},null,null,{"$f":"+M36-'Debt Repayment'!H10-'Debt Repayment'!H16-'Debt Repayment'!H22","v":10886.244204999999},{"$f":"+IF(ISERROR(N36-'Debt Repayment'!I10-'Debt Repayment'!I16-'Debt Repayment'!I22),0,N36-'Debt Repayment'!I10-'Debt Repayment'!I16-'Debt Repayment'!I22)","v":0},{"$f":"+P36-'Debt Repayment'!J10-'Debt Repayment'!J16-'Debt Repayment'!J22","v":9798.0059599999986},{"$f":"+Q36-'Debt Repayment'!K10-'Debt Repayment'!K16-'Debt Repayment'!K22","v":0},{"$f":"+R36-'Debt Repayment'!L10-'Debt Repayment'!L16-'Debt Repayment'!L22","v":8709.7677149999981},{"$f":"+S36-'Debt Repayment'!M10-'Debt Repayment'!M16-'Debt Repayment'!M22","v":0},{"$f":"+T36-'Debt Repayment'!N10-'Debt Repayment'!N16-'Debt Repayment'!N22","v":7621.5294699999977},{"$f":"+U36-'Debt Repayment'!O10-'Debt Repayment'!O16-'Debt Repayment'!O22","v":0},{"$f":"+V36-'Debt Repayment'!P10-'Debt Repayment'!P16-'Debt Repayment'!P22","v":6533.2912249999972}]
[null,"Subordinated Debt",null,null,{"$f":"'Acquirer BS'!H36","v":0},null,{"$f":"'Target BS'!H36","v":0},null,null,null,{"$f":"Summary!Q13","v":0},null,{"$f":"E37+G37+I37+K37","v":0},null,null,{"$f":"+M37-'Debt Repayment'!H11-'Debt Repayment'!H17-'Debt Repayment'!H23","v":0},{"$f":"+IF(ISERROR(N37-'Debt Repayment'!I11-'Debt Repayment'!I17-'Debt Repayment'!I23),0,N37-'Debt Repayment'!I11-'Debt Repayment'!I17-'Debt Repayment'!I23)","v":0},{"$f":"+P37-'Debt Repayment'!J11-'Debt Repayment'!J17-'Debt Repayment'!J23","v":0},{"$f":"+Q37-'Debt Repayment'!K11-'Debt Repayment'!K17-'Debt Repayment'!K23","v":0},{"$f":"+R37-'Debt Repayment'!L11-'Debt Repayment'!L17-'Debt Repayment'!L23","v":0},{"$f":"+S37-'Debt Repayment'!M11-'Debt Repayment'!M17-'Debt Repayment'!M23","v":0},{"$f":"+T37-'Debt Repayment'!N11-'Debt Repayment'!N17-'Debt Repayment'!N23","v":0},{"$f":"+U37-'Debt Repayment'!O11-'Debt Repayment'!O17-'Debt Repayment'!O23","v":0},{"$f":"+V37-'Debt Repayment'!P11-'Debt Repayment'!P17-'Debt Repayment'!P23","v":0}]
[]
[null,"  Total",null,null,{"$f":"SUM(E35:E37)","v":7031.2},null,{"$f":"SUM(G35:G37)","v":2060.9},null,null,null,null,null,{"$f":"SUM(M35:M37)","v":11974.48245},null,null,{"$f":"SUM(P35:P37)","v":10886.244204999999},null,{"$f":"SUM(R35:R37)","v":9798.0059599999986},null,{"$f":"SUM(T35:T37)","v":8709.7677149999981},null,{"$f":"SUM(V35:V37)","v":7621.5294699999977},null,{"$f":"SUM(X35:X37)","v":6533.2912249999972}]
[]
[null,"Deferred Taxes",null,null,{"$f":"'Acquirer BS'!H40","v":2047.2},null,{"$f":"'Target BS'!H40","v":287.39999999999998},null,null,null,null,null,{"$f":"E41+G41+I41+K41","v":2334.6},null,null,{"$f":"M41+'Newco Assumptions'!J42","v":2544.9},null,{"$f":"P41+'Newco Assumptions'!L42","v":2755.2000000000003},null,{"$f":"R41+'Newco Assumptions'!N42","v":2965.5000000000005},null,{"$f":"T41+'Newco Assumptions'!P42","v":3175.8000000000006},null,{"$f":"V41+'Newco Assumptions'!R42","v":3386.1000000000008}]
[null,"Other",null,null,{"$f":"'Acquirer BS'!H41","v":808.2},null,{"$f":"'Target BS'!H41","v":443.9},null,null,null,null,null,{"$f":"E42+G42+I42+K42","v":1252.0999999999999},null,null,{"$f":"M42+'Newco Assumptions'!J29","v":1252.0999999999999},null,{"$f":"P42+'Newco Assumptions'!L29","v":1252.0999999999999},null,{"$f":"R42+'Newco Assumptions'!N29","v":1252.0999999999999},null,{"$f":"T42+'Newco Assumptions'!P29","v":1252.0999999999999},null,{"$f":"V42+'Newco Assumptions'!R29","v":1252.0999999999999}]
[]
[null,"Total Liabilities",null,null,{"$f":"E33+E39+SUM(E41:E42)","v":11979.9},null,{"$f":"G33+G39+SUM(G41:G42)","v":3984.6000000000004},null,null,null,null,null,{"$f":"M33+M39+SUM(M41:M42)","v":18846.882450000001},null,null,{"$f":"P33+P39+SUM(P41:P42)","v":18397.544624668179},null,{"$f":"R33+R39+SUM(R41:R42)","v":17703.670334908158},null,{"$f":"T33+T39+SUM(T41:T42)","v":17025.340270398236},null,{"$f":"V33+V39+SUM(V41:V42)","v":16363.90093189037},null,{"$f":"X33+X39+SUM(X41:X42)","v":15713.979201544566}]
[]
[null,"Common Stock",null,null,{"$f":"'Acquirer BS'!H45","v":413.5},null,{"$f":"'Target BS'!H45","v":5733.7000000000007},null,null,null,{"$f":"Summary!Q8+Summary!Q9-G46","v":5513.6824500000002},null,{"$f":"E46+G46+I46+K46","v":11660.882450000001},null,null,{"$f":"M46","v":11660.882450000001},null,{"$f":"P46","v":11660.882450000001},null,{"$f":"R46","v":11660.882450000001},null,{"$f":"T46","v":11660.882450000001},null,{"$f":"V46","v":11660.882450000001}]
[null,"Preferred Equity",null,null,{"$f":"'Acquirer BS'!H46","v":0},null,{"$f":"'Target BS'!H46","v":0},null,null,null,{"$f":"-G47+Summary!Q10","v":0},null,0,null,null,{"$f":"M47","v":0},null,{"$f":"P47","v":0},null,{"$f":"R47","v":0},null,{"$f":"T47","v":0},null,{"$f":"V47","v":0}]
[null,"Retained Earnings",null,null,{"$f":"'Acquirer BS'!H47","v":7697.3},null,{"$f":"'Target BS'!H47","v":1341.8},null,null,null,{"$f":"-G48","v":-1341.8},null,7697.3,null,null,{"$f":"M48+'Newco IS'!M39+'Newco CF'!J37","v":7457.3147259723874},null,{"$f":"P48+'Newco IS'!P39+'Newco CF'!L37","v":7736.9592497086451},null,{"$f":"R48+'Newco IS'!R39+'Newco CF'!N37","v":8142.1074153384488},null,{"$f":"T48+'Newco IS'!T39+'Newco CF'!P37","v":8566.1325678869507},null,{"$f":"V48+'Newco IS'!V39+'Newco CF'!R37","v":9001.9457243815668}]
[null,"Treasury Stock",null,null,{"$f":"'Acquirer BS'!H48","v":-2996.8},null,{"$f":"'Target BS'!H48","v":-2482},null,null,null,{"$f":"-G49","v":2482},null,-2996.8,null,null,{"$f":"M49","v":-2996.8},null,{"$f":"P49","v":-2996.8},null,{"$f":"R49","v":-2996.8},null,{"$f":"T49","v":-2996.8},null,{"$f":"V49","v":-2996.8}]
[null,"Other Adjustments",null,null,{"$f":"'Acquirer BS'!H49","v":10350.700000000001},null,{"$f":"'Target BS'!H49","v":59.1},null,null,null,{"$f":"-G50-Summary!Q17*(1-Summary!E30)","v":-503.6},null,9906.2000000000007,null,null,{"$f":"M50","v":9906.2000000000007},null,{"$f":"P50","v":9906.2000000000007},null,{"$f":"R50","v":9906.2000000000007},null,{"$f":"T50","v":9906.2000000000007},null,{"$f":"V50","v":9906.2000000000007}]
[null,"Noncontrolling Interest",null,null,{"$f":"'Acquirer BS'!H50","v":0},null,{"$f":"'Target BS'!H50","v":0.8},null,null,null,{"$f":"-G51","v":-0.8},null,0,{"$f":"F51+H51+J51+L51","v":0},{"$f":"G51+I51+K51+M51","v":0},{"$f":"M51","v":0},{"$f":"N51","v":0},0,0,0,0,0,0,0]
[null,"Total Stockholders Equity",null,null,{"$f":"SUM(E46:E51)","v":15464.7},{"$f":"SUM(F46:F51)","v":0},4653.4000000000015,null,null,null,null,null,{"$f":"SUM(M46:M51)","v":26267.582450000002},{"$f":"SUM(N46:N51)","v":0},0,26027.597175972391,0,26307.241699708648,0,26712.389865338453,0,27136.415017886953,0,27572.228174381569]
[]
[null,"Total Liabilities and Equity",null,null,{"$f":"E44+E52","v":27444.6},null,{"$f":"G44+G52","v":8638.0000000000018},null,null,null,null,null,{"$f":"M44+M52","v":45114.464900000006},null,null,{"$f":"+IF(ISERROR(P44+P52),0,P44+P52)","v":44425.141800640573},{"$f":"+IF(ISERROR(Q44+Q52),0,Q44+Q52)","v":0},44010.912034616806,0,43737.730135736689,0,43500.315949777323,0,43286.207375926133]
[]
[]
[]
[]
[null,"Reconciliation",null,null,{"$f":"E54-E28","v":0},null,{"$f":"G54-G28","v":0},null,null,null,null,null,{"$f":"M28-M54","v":0},null,null,{"$f":"P28-P54","v":0},{"$f":"Q54-Q28+12","v":12},{"$f":"R28-R54","v":0},{"$f":"S28-S54","v":0},0,0,0,0,-1.5279510989785194E-10]

{"sheet":"Newco CF","index":13,"n_rows":54,"n_cols":19,"rows_kept":54,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Newco IS'!A1","v":"Newco"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Pro Forma Statement of Cash Flow"]
["($Millions, except per share data)"]
[]
[]
[]
[null,null,null,null,null,{"$f":"'Newco Assumptions'!D6","v":"Actual"},null,null,null,{"$f":"'Newco BS'!P6","v":"Projections"}]
[null,null,null,null,null,{"$f":"'Acquirer BS'!F7","v":2014},null,{"$f":"'Acquirer BS'!H7","v":2015},null,{"$f":"'Acquirer BS'!J7","v":2016},null,{"$f":"'Acquirer BS'!L7","v":2017},null,{"$f":"'Acquirer BS'!N7","v":2018},null,{"$f":"'Acquirer BS'!P7","v":2019},null,{"$f":"'Acquirer BS'!R7","v":2020}]
[]
[null,"Net Income",null,null,null,{"$f":"'Acquirer CF'!F7","v":232.19999999999982},null,{"$f":"'Acquirer CF'!H7","v":-76.600000000000364},null,{"$f":"'Newco IS'!M39","v":-239.98527402761266},null,{"$f":"'Newco IS'!P39","v":279.64452373625784},null,{"$f":"'Newco IS'!R39","v":405.14816562980405},null,{"$f":"'Newco IS'!T39","v":424.02515254850243},null,{"$f":"'Newco IS'!V39","v":435.81315649461595}]
[]
[null,"Depreciation & Amortization",null,null,null,{"$f":"'Acquirer CF'!F9","v":895.6},null,{"$f":"'Acquirer CF'!H9","v":983.7},null,{"$f":"'Newco IS'!M47","v":1439.7200700000001},null,{"$f":"'Newco IS'!P47","v":1498.3958305199999},null,{"$f":"'Newco IS'!R47","v":1560.1447810154402},null,{"$f":"'Newco IS'!T47","v":1625.1279401386048},null,{"$f":"'Newco IS'!V47","v":1693.5147662142444}]
[]
[null,"Income from Affiliates, Net of Dividends",null,null,null,{"$f":"'Acquirer CF'!F11","v":0},null,{"$f":"'Acquirer CF'!H11","v":0},null,{"$f":"'Newco IS'!M24+'Newco Assumptions'!J43","v":0},null,{"$f":"'Newco IS'!P24+'Newco Assumptions'!L43","v":0},null,{"$f":"'Newco IS'!R24+'Newco Assumptions'!N43","v":0},null,{"$f":"'Newco IS'!T24+'Newco Assumptions'!P43","v":0},null,{"$f":"'Newco IS'!V24+'Newco Assumptions'!R43","v":0}]
[]
["Change in"]
[]
[null,"Accounts Receivable",null,null,null,{"$f":"'Acquirer CF'!F15","v":-289.79999999999995},null,{"$f":"'Acquirer CF'!H15","v":-41.200000000000045},null,{"$f":"'Newco BS'!M10-'Newco BS'!P10","v":-15.337439056248968},null,{"$f":"'Newco BS'!P10-'Newco BS'!R10","v":-139.99976552038515},null,{"$f":"'Newco BS'!R10-'Newco BS'!T10","v":-150.64093941522333},null,{"$f":"'Newco BS'!T10-'Newco BS'!V10","v":-147.1498335562369},null,{"$f":"'Newco BS'!V10-'Newco BS'!X10","v":-154.92551221660415}]
[null,"Inventory",null,null,null,{"$f":"'Acquirer CF'!F16","v":-157.59999999999991},null,{"$f":"'Acquirer CF'!H16","v":-113.20000000000005},null,{"$f":"'Newco BS'!M11-'Newco BS'!P11","v":1704.2992574901966},null,{"$f":"'Newco BS'!P11-'Newco BS'!R11","v":-7.0178166517653437},null,{"$f":"'Newco BS'!R11-'Newco BS'!T11","v":-7.583384897116872},null,{"$f":"'Newco BS'!T11-'Newco BS'!V11","v":-8.1961674175725534},null,{"$f":"'Newco BS'!V11-'Newco BS'!X11","v":-8.6263905884780172}]
[null,"Other Current Assets",null,null,null,{"$f":"'Acquirer CF'!F17","v":-144.39999999999998},null,{"$f":"'Acquirer CF'!H17","v":-23.799999999999955},null,{"$f":"'Newco BS'!M12-'Newco BS'!P12","v":64.048401166675944},null,{"$f":"'Newco BS'!P12-'Newco BS'!R12","v":-50.855070273390311},null,{"$f":"'Newco BS'!R12-'Newco BS'!T12","v":-54.718649643172625},null,{"$f":"'Newco BS'!T12-'Newco BS'!V12","v":-53.444049229021971},null,{"$f":"'Newco BS'!V12-'Newco BS'!X12","v":-56.265310632155206}]
[null,"Accounts Payable",null,null,null,{"$f":"'Acquirer CF'!F18","v":65.899999999999977},null,{"$f":"'Acquirer CF'!H18","v":29.100000000000023},null,{"$f":"'Newco BS'!P30-'Newco BS'!M30","v":57.224793337302458},null,{"$f":"'Newco BS'!R30-'Newco BS'!P30","v":43.440860954230629},null,{"$f":"'Newco BS'!T30-'Newco BS'!R30","v":47.101493092686155},null,{"$f":"'Newco BS'!V30-'Newco BS'!T30","v":51.077442189543717},null,{"$f":"'Newco BS'!X30-'Newco BS'!V30","v":53.769578511487452}]
[null,"Other Current Liabilities",null,null,null,{"$f":"'Acquirer CF'!F19","v":1337.9},null,{"$f":"'Acquirer CF'!H19","v":-1048.9000000000001},null,{"$f":"'Newco BS'!P31-'Newco BS'!M31","v":371.37562633087737},null,{"$f":"'Newco BS'!R31-'Newco BS'!P31","v":140.62309428574872},null,{"$f":"'Newco BS'!T31-'Newco BS'!R31","v":152.50668739739194},null,{"$f":"'Newco BS'!V31-'Newco BS'!T31","v":165.42146430258981},null,{"$f":"'Newco BS'!X31-'Newco BS'!V31","v":174.24693614270882}]
[null,"Other Assets",null,null,null,{"$f":"'Acquirer CF'!F20","v":332.70000000000005},null,{"$f":"'Acquirer CF'!H20","v":6.8999999999999773},null,{"$f":"'Newco BS'!M26-'Newco BS'!P26","v":0},null,{"$f":"'Newco BS'!P26-'Newco BS'!R26","v":0},null,{"$f":"'Newco BS'!R26-'Newco BS'!T26","v":0},null,{"$f":"'Newco BS'!T26-'Newco BS'!V26","v":0},null,{"$f":"'Newco BS'!V26-'Newco BS'!X26","v":0}]
[null,"Deferred Taxes",null,null,null,{"$f":"'Acquirer CF'!F21","v":602.70000000000027},null,{"$f":"'Acquirer CF'!H21","v":-182.10000000000014},null,{"$f":"'Newco BS'!P41-'Newco BS'!M41+'Newco BS'!M24-'Newco BS'!P24","v":210.30000000000018},null,{"$f":"'Newco BS'!R41-'Newco BS'!P41+'Newco BS'!P24-'Newco BS'!R24","v":210.30000000000018},null,{"$f":"'Newco BS'!T41-'Newco BS'!R41+'Newco BS'!R24-'Newco BS'!T24","v":210.30000000000018},null,{"$f":"'Newco BS'!V41-'Newco BS'!T41+'Newco BS'!T24-'Newco BS'!V24","v":210.30000000000018},null,{"$f":"'Newco BS'!X41-'Newco BS'!V41+'Newco BS'!V24-'Newco BS'!X24","v":210.30000000000018}]
[null,"Minority Interest",null,null,null,{"$f":"'Acquirer CF'!F22","v":0},null,{"$f":"'Acquirer CF'!H22","v":0},null,{"$f":"'Newco BS'!P51-'Newco BS'!M51","v":0},null,{"$f":"'Newco BS'!R51-'Newco BS'!P51","v":0},null,{"$f":"'Newco BS'!T51-'Newco BS'!R51","v":0},null,{"$f":"'Newco BS'!V51-'Newco BS'!T51","v":0},null,{"$f":"'Newco BS'!X51-'Newco BS'!V51","v":0}]
[null,"Other Liabilities",null,null,null,{"$f":"'Acquirer CF'!F23","v":77},null,{"$f":"'Acquirer CF'!H23","v":110.20000000000005},null,{"$f":"'Newco BS'!P42-'Newco BS'!M42","v":0},null,{"$f":"'Newco BS'!R42-'Newco BS'!P42","v":0},null,{"$f":"'Newco BS'!T42-'Newco BS'!R42","v":0},null,{"$f":"'Newco BS'!V42-'Newco BS'!T42","v":0},null,{"$f":"'Newco BS'!X42-'Newco BS'!V42","v":0}]
[]
["Cash Flow from Operating Activities",null,null,null,null,{"$f":"SUM(F9:F25)","v":2952.2000000000003},null,{"$f":"SUM(H9:H25)","v":-355.90000000000055},null,{"$f":"SUM(J9:J25)","v":3591.6454352411911},null,{"$f":"SUM(L9:L25)","v":1974.5316570506964},null,{"$f":"SUM(N9:N25)","v":2162.2581531798096},null,{"$f":"SUM(P9:P25)","v":2267.1619489764098},null,{"$f":"SUM(R9:R25)","v":2347.8272239258195}]
[]
[null,"Capital Expenditures",null,null,null,{"$f":"'Acquirer CF'!F27","v":-260.89999999999998},null,{"$f":"'Acquirer CF'!H27","v":-1083.4000000000001},null,{"$f":"-'Newco IS'!M48","v":-872.13183200000003},null,{"$f":"-'Newco Assumptions'!L34","v":-917.53280187400014},null,{"$f":"-'Newco Assumptions'!N34","v":-965.29737848499815},null,{"$f":"-'Newco Assumptions'!P34","v":-1015.5486209800133},null,{"$f":"-'Newco Assumptions'!R34","v":-1068.4159959195281}]
[null,"Acquisitions",null,null,null,{"$f":"'Acquirer CF'!F28","v":0},null,{"$f":"'Acquirer CF'!H28","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"Sale of Assets",null,null,null,{"$f":"'Acquirer CF'!F29","v":0},null,{"$f":"'Acquirer CF'!H29","v":0},null,0,null,0,null,0,null,0,null,0]
[]
["Cash Flow from Investing Activities",null,null,null,null,{"$f":"SUM(F29:F31)","v":-260.89999999999998},null,{"$f":"SUM(H29:H31)","v":-1083.4000000000001},null,{"$f":"SUM(J29:J31)","v":-872.13183200000003},null,{"$f":"SUM(L29:L31)","v":-917.53280187400014},null,{"$f":"SUM(N29:N31)","v":-965.29737848499815},null,{"$f":"SUM(P29:P31)","v":-1015.5486209800133},null,{"$f":"SUM(R29:R31)","v":-1068.4159959195281}]
[]
[null,"Net Change in Equity",null,null,null,{"$f":"'Acquirer CF'!F33","v":-1652.0000000000018},null,{"$f":"'Acquirer CF'!H33","v":-554.39999999999964},null,{"$f":"'Newco BS'!P46-'Newco BS'!M46+'Newco BS'!P47-'Newco BS'!M47+'Newco BS'!P49-'Newco BS'!M49+'Newco BS'!P50-'Newco BS'!M50","v":0},null,{"$f":"'Newco BS'!R46-'Newco BS'!P46+'Newco BS'!R47-'Newco BS'!P47+'Newco BS'!R49-'Newco BS'!P49+'Newco BS'!R50-'Newco BS'!P50","v":0},null,{"$f":"'Newco BS'!T46-'Newco BS'!R46+'Newco BS'!T47-'Newco BS'!R47+'Newco BS'!T49-'Newco BS'!R49+'Newco BS'!T50-'Newco BS'!R50","v":0},null,{"$f":"'Newco BS'!V46-'Newco BS'!T46+'Newco BS'!V47-'Newco BS'!T47+'Newco BS'!V49-'Newco BS'!T49+'Newco BS'!V50-'Newco BS'!T50","v":0},null,{"$f":"'Newco BS'!X46-'Newco BS'!V46+'Newco BS'!X47-'Newco BS'!V47+'Newco BS'!X49-'Newco BS'!V49+'Newco BS'!X50-'Newco BS'!V50","v":0}]
[null,"Net Change in Debt",null,null,null,{"$f":"'Acquirer CF'!F34","v":3723.6},null,{"$f":"'Acquirer CF'!H34","v":1276},null,{"$f":"'Newco BS'!P36-'Newco BS'!M36+'Newco BS'!P37-'Newco BS'!M37","v":-1088.2382450000005},null,{"$f":"'Newco BS'!R36-'Newco BS'!P36+'Newco BS'!R37-'Newco BS'!P37","v":-1088.2382450000005},null,{"$f":"'Newco BS'!T36-'Newco BS'!R36+'Newco BS'!T37-'Newco BS'!R37","v":-1088.2382450000005},null,{"$f":"'Newco BS'!V36-'Newco BS'!T36+'Newco BS'!V37-'Newco BS'!T37","v":-1088.2382450000005},null,{"$f":"'Newco BS'!X36-'Newco BS'!V36+'Newco BS'!X37-'Newco BS'!V37","v":-1088.2382450000005}]
[null,"Dividends Paid",null,null,null,{"$f":"'Acquirer CF'!F35","v":0},null,{"$f":"'Acquirer CF'!H35","v":0},null,{"$f":"-'Newco Assumptions'!J47","v":0},null,{"$f":"-'Newco Assumptions'!L47","v":0},null,{"$f":"-'Newco Assumptions'!N47","v":0},null,{"$f":"-'Newco Assumptions'!P47","v":0},null,{"$f":"-'Newco Assumptions'!R47","v":0}]
[]
["Cash Flow from Financing Activities",null,null,null,null,{"$f":"SUM(F35:F37)","v":2071.5999999999981},null,{"$f":"SUM(H35:H37)","v":721.60000000000036},null,{"$f":"SUM(J35:J37)","v":-1088.2382450000005},null,{"$f":"SUM(L35:L37)","v":-1088.2382450000005},null,{"$f":"SUM(N35:N37)","v":-1088.2382450000005},null,{"$f":"SUM(P35:P37)","v":-1088.2382450000005},null,{"$f":"SUM(R35:R37)","v":-1088.2382450000005}]
[]
[null,"Net Change in Cash",null,null,null,{"$f":"F27+F33+F39","v":4762.8999999999978},null,{"$f":"H27+H33+H39","v":-717.70000000000027},null,{"$f":"J27+J33+J39","v":1631.2753582411906},null,{"$f":"L27+L33+L39","v":-31.239389823304236},null,{"$f":"N27+N33+N39","v":108.72252969481087},null,{"$f":"P27+P33+P39","v":163.37508299639603},null,{"$f":"R27+R33+R39","v":191.17298300629091}]
[]
[null,"Beginning Cash Balance",null,null,null,{"$f":"'Acquirer CF'!F41","v":926.5},null,{"$f":"'Acquirer CF'!H41","v":1020.5999999999999},null,{"$f":"'Newco BS'!M9","v":131.59999999999991},null,{"$f":"'Newco BS'!P9","v":1762.8753582411905},null,{"$f":"'Newco BS'!R9","v":1731.6359684178863},null,{"$f":"'Newco BS'!T9","v":1840.3584981126971},null,{"$f":"'Newco BS'!V9","v":2003.7335811090932}]
[]
[null,"Cash Available for Revolving Credit",null,null,null,{"$f":"F41+F43","v":5689.3999999999978},null,{"$f":"H41+H43","v":302.89999999999964},null,{"$f":"J41+J43","v":1762.8753582411905},null,{"$f":"L41+L43","v":1731.6359684178863},null,{"$f":"N41+N43","v":1840.3584981126971},null,{"$f":"P41+P43","v":2003.7335811090932},null,{"$f":"R41+R43","v":2194.9065641153838}]
[]
[]
[]
[null,"Beginning Revolver",null,null,null,null,null,null,null,{"$f":"'Newco BS'!M35","v":0},null,{"$f":"'Newco BS'!P35","v":0},null,{"$f":"'Newco BS'!R35","v":0},null,{"$f":"'Newco BS'!T35","v":0},null,{"$f":"'Newco BS'!V35","v":0}]
[null,"Total Repayment",null,null,null,null,null,null,null,{"$f":"IF(J45-J49<$F$54,J45-$F$54,J49)","v":0},null,{"$f":"IF(L45-L49<$F$54,L45-$F$54,L49)","v":0},null,{"$f":"IF(N45-N49<$F$54,N45-$F$54,N49)","v":0},null,{"$f":"IF(P45-P49<$F$54,P45-$F$54,P49)","v":0},null,{"$f":"IF(R45-R49<$F$54,R45-$F$54,R49)","v":0}]
[null,"Ending Revolving Credit Facility",null,null,null,null,null,null,null,{"$f":"J49-J50","v":0},null,{"$f":"L49-L50","v":0},null,{"$f":"N49-N50","v":0},null,{"$f":"P49-P50","v":0},null,{"$f":"R49-R50","v":0}]
[null,"Ending Cash",null,null,null,null,null,null,null,{"$f":"+IF(J45-J49<0,$F$54,J45-J50)","v":1762.8753582411905},{"$f":"+IF(K45-K49<0,$F$54,K45-K50)","v":0},1731.6359684178863,0,1840.3584981126971,0,2003.7335811090932,0,2194.9065641153838]
[]
[null,"Minimum Cash Balance",null,null,null,0]

{"sheet":"Debt Repayment","index":14,"n_rows":52,"n_cols":20,"rows_kept":52,"cut":false,"hidden":false,"merged":[]}
[{"$f":"'Newco Assumptions'!A1","v":"Newco"},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Debt Repayment Schedule"]
["($ in millions except per share figures)"]
[]
[null,null,null,null,null,"Actual",null,{"$f":"'Newco BS'!P6","v":"Projections"}]
[null,"Principal Payments",null,null,null,{"$f":"'Newco BS'!M7","v":2015},null,{"$f":"F5+1","v":2016},null,{"$f":"H5+1","v":2017},null,{"$f":"J5+1","v":2018},null,{"$f":"L5+1","v":2019},null,{"$f":"N5+1","v":2020}]
[]
[null,{"$f":"'Acquirer Assumptions'!A1","v":"Acquirer"}]
[]
[null,"Revolving Credit Facility",null,null,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,null,null,{"$f":"'Acquirer Assumptions'!H39","v":354.5},null,{"$f":"'Acquirer Assumptions'!J39","v":500},null,{"$f":"'Acquirer Assumptions'!L39","v":500},null,{"$f":"'Acquirer Assumptions'!N39","v":500},null,{"$f":"'Acquirer Assumptions'!P39","v":500},null,{"$f":"'Acquirer Assumptions'!R39","v":500}]
[null,"Subordinated Debt",null,null,null,{"$f":"'Acquirer Assumptions'!H40","v":0},null,{"$f":"'Acquirer Assumptions'!J40","v":0},null,{"$f":"'Acquirer Assumptions'!L40","v":0},null,{"$f":"'Acquirer Assumptions'!N40","v":0},null,{"$f":"'Acquirer Assumptions'!P40","v":0},null,{"$f":"'Acquirer Assumptions'!R40","v":0}]
[]
[null,{"$f":"'Target Assumptions'!A1","v":"Target"}]
[]
[null,"Revolving Credit Facility",null,null,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,null,null,{"$f":"'Target Assumptions'!H38","v":450},null,{"$f":"'Target Assumptions'!J38","v":300},null,{"$f":"'Target Assumptions'!L38","v":300},null,{"$f":"'Target Assumptions'!N38","v":300},null,{"$f":"'Target Assumptions'!P38","v":300},null,{"$f":"'Target Assumptions'!R38","v":300}]
[null,"Subordinated Debt",null,null,null,{"$f":"'Target Assumptions'!H39","v":0},null,{"$f":"'Target Assumptions'!J39","v":0},null,{"$f":"'Target Assumptions'!L39","v":0},null,{"$f":"'Target Assumptions'!N39","v":0},null,{"$f":"'Target Assumptions'!P39","v":0},null,{"$f":"'Target Assumptions'!R39","v":0}]
[]
[null,"Acquisition"]
[]
[null,"Revolving Credit Facility",null,null,null,0,null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,null,null,0,null,{"$f":"Summary!$Q$12/Summary!$K$31","v":288.23824500000001},null,{"$f":"Summary!$Q$12/Summary!$K$31","v":288.23824500000001},null,{"$f":"Summary!$Q$12/Summary!$K$31","v":288.23824500000001},null,{"$f":"Summary!$Q$12/Summary!$K$31","v":288.23824500000001},null,{"$f":"Summary!$Q$12/Summary!$K$31","v":288.23824500000001}]
[null,"Subordinated Debt",null,null,null,0,null,{"$f":"Summary!$Q$13/Summary!$K$33","v":0},null,{"$f":"Summary!$Q$13/Summary!$K$33","v":0},null,{"$f":"Summary!$Q$13/Summary!$K$33","v":0},null,{"$f":"Summary!$Q$13/Summary!$K$33","v":0},null,{"$f":"Summary!$Q$13/Summary!$K$33","v":0}]
[]
[null,null,null,null,null,"Actual",null,"Projections"]
[null,"Debt Balance",null,null,null,{"$f":"F5","v":2015},null,{"$f":"F26+1","v":2016},null,{"$f":"H26+1","v":2017},null,{"$f":"J26+1","v":2018},null,{"$f":"L26+1","v":2019},null,{"$f":"N26+1","v":2020}]
[]
[null,{"$f":"B7","v":"Acquirer"},null,"Rate"]
[]
[null,"Revolving Credit Facility",null,{"$f":"'Acquirer Assumptions'!J55","v":4.3999999999999997E-2},null,{"$f":"'Acquirer BS'!H34","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,{"$f":"'Acquirer Assumptions'!J56","v":0.05},null,{"$f":"'Acquirer BS'!H35","v":7031.2},null,{"$f":"'Acquirer BS'!J35","v":6531.2},null,{"$f":"'Acquirer BS'!L35","v":6031.2},null,{"$f":"'Acquirer BS'!N35","v":5531.2},null,{"$f":"'Acquirer BS'!P35","v":5031.2},null,{"$f":"'Acquirer BS'!R35","v":4531.2}]
[null,"Subordinated Debt",null,{"$f":"'Acquirer Assumptions'!J57","v":0.08},null,{"$f":"'Acquirer BS'!H36","v":0},null,{"$f":"'Acquirer BS'!J36","v":0},null,{"$f":"'Acquirer BS'!L36","v":0},null,{"$f":"'Acquirer BS'!N36","v":0},null,{"$f":"'Acquirer BS'!P36","v":0},null,{"$f":"'Acquirer BS'!R36","v":0}]
[]
[null,"Interest Expense",null,null,null,{"$f":"$D$31*AVERAGE(D31:F31)+$D$32*AVERAGE(D32:F32)","v":175.78444999999999},351.56,{"$f":"$D$31*AVERAGE(F31:H31)+$D$32*AVERAGE(F32:H32)","v":339.06},null,{"$f":"$D$31*AVERAGE(H31:J31)+$D$32*AVERAGE(H32:J32)","v":314.06},null,{"$f":"$D$31*AVERAGE(J31:L31)+$D$32*AVERAGE(J32:L32)","v":289.06},null,{"$f":"$D$31*AVERAGE(L31:N31)+$D$32*AVERAGE(L32:N32)","v":264.06},null,{"$f":"$D$31*AVERAGE(N31:P31)+$D$32*AVERAGE(N32:P32)","v":239.06}]
[]
[null,{"$f":"B13","v":"Target"}]
[]
[null,"Revolving Credit Facility",null,{"$f":"'Target Assumptions'!J54","v":0.02},null,{"$f":"'Target BS'!H34","v":0},null,0,null,0,null,0,null,0,null,0]
[null,"Senior Debt",null,{"$f":"'Target Assumptions'!J55","v":0.05},null,{"$f":"'Target BS'!H35","v":2060.9},null,{"$f":"'Target BS'!J35","v":1760.9},null,{"$f":"'Target BS'!L35","v":1460.9},null,{"$f":"'Target BS'!N35","v":1160.9000000000001},null,{"$f":"'Target BS'!P35","v":860.90000000000009},null,{"$f":"'Target BS'!R35","v":560.90000000000009}]
[null,"Subordinated Debt",null,{"$f":"'Target Assumptions'!J56","v":0.08},null,{"$f":"'Target BS'!H36","v":0},null,{"$f":"'Target BS'!J36","v":0},null,{"$f":"'Target BS'!L36","v":0},null,{"$f":"'Target BS'!N36","v":0},null,{"$f":"'Target BS'!P36","v":0},null,{"$f":"'Target BS'!R36","v":0}]
[]
[null,"Interest Expense",null,null,null,{"$f":"'Target IS'!H26","v":123.9},null,{"$f":"$D$39*AVERAGE(F39:H39)+$D$40*AVERAGE(F40:H40)","v":95.545000000000016},null,{"$f":"$D$39*AVERAGE(H39:J39)+$D$40*AVERAGE(H40:J40)","v":80.545000000000016},null,{"$f":"$D$39*AVERAGE(J39:L39)+$D$40*AVERAGE(J40:L40)","v":65.545000000000002},null,{"$f":"$D$39*AVERAGE(L39:N39)+$D$40*AVERAGE(L40:N40)","v":50.545000000000009},null,{"$f":"$D$39*AVERAGE(N39:P39)+$D$40*AVERAGE(N40:P40)","v":35.545000000000009}]
[]
[null,"Combined Firms"]
[]
[null,"Revolving Credit Facility",null,{"$f":"IF(F46=0,D30,Summary!O11)","v":4.3999999999999997E-2},null,{"$f":"Summary!Q11","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!P35-H30-H38)","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!R35-J30-J38)","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!T35-L30-L38)","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!V35-N30-N38)","v":0},null,{"$f":"IF($S$46=0,0,'Newco BS'!X35-P30-P38)","v":0},null,null,1," 0 = circ off"]
[null,"Senior Debt",null,{"$f":"Summary!O12","v":4.9000000000000002E-2},null,{"$f":"Summary!Q12","v":2882.3824500000001},null,{"$f":"F47-H22","v":2594.1442050000001},null,{"$f":"H47-J22","v":2305.9059600000001},null,{"$f":"J47-L22","v":2017.667715},null,{"$f":"L47-N22","v":1729.42947},null,{"$f":"N47-P22","v":1441.191225},null,null,null," 1 = circ on"]
[null,"Subordinated Debt",null,{"$f":"Summary!O13","v":0.08},null,{"$f":"Summary!Q13","v":0},null,{"$f":"F48-H23","v":0},null,{"$f":"H48-J23","v":0},null,{"$f":"J48-L23","v":0},null,{"$f":"L48-N23","v":0},null,{"$f":"N48-P23","v":0}]
[]
[null,"Interest Expense",null,null,null,{"$f":"AVERAGE((D30+D38),F46)*$D46+AVERAGE(D47:F47)*$D47+AVERAGE(D48:F48)*$D48","v":70.624178525000005},141.23674005000001,{"$f":"AVERAGE((F30+F38),H46)*$D46+AVERAGE(F47:H47)*$D47+AVERAGE(F48:H48)*$D48","v":134.17490304750001},null,{"$f":"AVERAGE(H46:J46)*$D46+AVERAGE(H47:J47)*$D47+AVERAGE(H48:J48)*$D48","v":120.05122904250001},null,{"$f":"AVERAGE(J46:L46)*$D46+AVERAGE(J47:L47)*$D47+AVERAGE(J48:L48)*$D48","v":105.9275550375},null,{"$f":"AVERAGE(L46:N46)*$D46+AVERAGE(L47:N47)*$D47+AVERAGE(L48:N48)*$D48","v":91.803881032500001},null,{"$f":"AVERAGE(N46:P46)*$D46+AVERAGE(N47:P47)*$D47+AVERAGE(N48:P48)*$D48","v":77.680207027500003}]
[]
[null,"Total Interest Expense",null,null,null,{"$f":"F34+F42+F50","v":370.30862852499996},null,{"$f":"H34+H42+H50","v":568.77990304750006},null,{"$f":"J34+J42+J50","v":514.65622904250006},null,{"$f":"L34+L42+L50","v":460.5325550375},null,{"$f":"N34+N42+N50","v":406.40888103250001},null,{"$f":"P34+P42+P50","v":352.28520702750001}]

{"sheet":"Options-Convertibles","index":15,"n_rows":26,"n_cols":14,"rows_kept":26,"cut":false,"hidden":false,"merged":[[3,1,3,6],[3,8,3,13],[17,1,17,6],[4,1,4,2],[14,2,14,5],[15,2,15,4],[13,2,13,5]]}
[null,"Target","Options-Convertible Securities Analysis"]
[]
[]
[null,"Target Options Schedule",null,null,null,null,null,null,"Target Convertible Preferred Schedule"]
[null,"Potential Options:",null,"Strike","In the $","Include","Proceeds",null,"Balance","Par Value","CV Ratio","CV Price","Convert","Shares"]
[null,null,4.0449999999999999,37.46,{"$f":"IF(D6<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"IF(E6=\"Yes\",C6,\"No\")","v":4.0449999999999999},{"$f":"D6*F6","v":151.5257},null,3.4,100,1.75,{"$f":"J6/K6","v":57.142857142857146},{"$f":"IF(L6<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"I6/J6*K6","v":5.9500000000000004E-2}]
[null,null,0,0,{"$f":"IF(D7<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"IF(E7=\"Yes\",C7,\"No\")","v":0},{"$f":"D7*F7","v":0},null,0,100,0,0,{"$f":"IF(L7<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"I7/J7*K7","v":0}]
[null,null,0,0,{"$f":"IF(D8<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0,0,null,0,100,0,0,{"$f":"IF(L8<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,null,0,0,{"$f":"IF(D9<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0,0,null,0,100,0,0,{"$f":"IF(L9<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,null,0,0,{"$f":"IF(D10<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0,0,null,0,100,0,0,{"$f":"IF(L10<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,null,0,0,{"$f":"IF(D11<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0,0,null,0,100,0,0,{"$f":"IF(L11<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,null,{"$f":"SUM(C6:C11)","v":4.0449999999999999},null,null,{"$f":"SUM(F6:F11)","v":4.0449999999999999},{"$f":"SUM(G6:G11)","v":151.5257},null,{"$f":"SUM(I6:I11)","v":3.4},null,null,null,null,{"$f":"SUM(N6:N11)","v":5.9500000000000004E-2}]
[]
[null,null,"Weighted Average Exercise Price",null,null,null,{"$f":"IF(ISERROR(G12/F12),0,G12/F12)","v":37.46}]
[null,null,"Value of Options (Treasury Method)",null,null,null,{"$f":"(Summary!E7-G14)*F12","v":180.1643}]
[null,null,"Treasury Option Shares",null,null,null,{"$f":"IF(G15=0,0,G15/Summary!E7)","v":2.1971256097560974}]
[]
[null,"Target Convertible Debt Schedule"]
[null,"Principal","Par Value","CV Ratio","CV Price","Convert","Shares"]
[null,0.44,1000,20,{"$f":"C20/D20","v":50},{"$f":"IF(E20<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},{"$f":"B20/C20*D20","v":8.8000000000000005E-3}]
[null,0,1000,0,0,{"$f":"IF(E21<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,0,1000,0,0,{"$f":"IF(E22<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,0,1000,0,0,{"$f":"IF(E23<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,0,1000,0,0,{"$f":"IF(E24<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,0,1000,0,0,{"$f":"IF(E25<Summary!$E$7,\"Yes\",\"No\")","v":"Yes"},0]
[null,{"$f":"SUM(B20:B25)","v":0.44},null,null,null,null,{"$f":"SUM(G20:G25)","v":8.8000000000000005E-3}]

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[null,"Valuation"]
[]
[null,"Target",null,2016,{"$f":"D3+1","v":2017},{"$f":"E3+1","v":2018},2019,2020,null,"Acquirer",null,2016,{"$f":"L3+1","v":2017},{"$f":"M3+1","v":2018},2019,2020]
[null,"Free Cash Flow",null,null,null,null,null,null,null,"Free Cash Flow"]
[null,"EBIT",null,{"$f":"'Target IS'!J20","v":390.6370900000004},{"$f":"'Target IS'!L20","v":445.07388995000019},{"$f":"'Target IS'!N20","v":503.1627842972498},{"$f":"'Target IS'!P20","v":565.13096104959868},{"$f":"'Target IS'!R20","v":631.21915646796651},null,"EBIT",null,{"$f":"'Acquirer IS'!J20","v":591.3956360000002},{"$f":"'Acquirer IS'!L20","v":524.40990737200173},{"$f":"'Acquirer IS'!N20","v":446.21959502104619},{"$f":"'Acquirer IS'!P20","v":355.63207585263081},{"$f":"'Acquirer IS'!R20","v":251.34452157680698}]
[null,"Less: Taxes",null,{"$f":"D5*'Target Assumptions'!J47","v":156.25483600000018},{"$f":"E5*'Target Assumptions'!L47","v":178.02955598000008},{"$f":"F5*'Target Assumptions'!N47","v":201.26511371889993},{"$f":"G5*'Target Assumptions'!P47","v":226.05238441983948},{"$f":"H5*'Target Assumptions'!R47","v":252.48766258718661},null,"Less: Taxes",null,{"$f":"L5*'Acquirer Assumptions'!J49","v":236.5582544000001},{"$f":"M5*'Acquirer Assumptions'!L49","v":209.7639629488007},{"$f":"N5*'Acquirer Assumptions'!N49","v":178.48783800841849},{"$f":"O5*'Acquirer Assumptions'!P49","v":142.25283034105232},{"$f":"P5*'Acquirer Assumptions'!R49","v":100.53780863072279}]
[null,"Plus: Deprec. & Amort..",null,{"$f":"'Target IS'!J17+'Target IS'!J18","v":433.63896},{"$f":"'Target IS'!L17+'Target IS'!L18","v":440.98910279999996},{"$f":"'Target IS'!N17+'Target IS'!N18","v":448.74350345400001},{"$f":"'Target IS'!P17+'Target IS'!P18","v":456.92439614397},{"$f":"'Target IS'!R17+'Target IS'!R18","v":465.55523793188831},null,"Plus: Deprec. & Amort.",null,{"$f":"'Acquirer IS'!J17+'Acquirer IS'!J18","v":987.03111000000001},{"$f":"'Acquirer IS'!L17+'Acquirer IS'!L18","v":1038.35672772},{"$f":"'Acquirer IS'!N17+'Acquirer IS'!N18","v":1092.3512775614402},{"$f":"'Acquirer IS'!P17+'Acquirer IS'!P18","v":1149.1535439946349},{"$f":"'Acquirer IS'!R17+'Acquirer IS'!R18","v":1208.9095282823562}]
[null,"Less: Gross Capex",null,{"$f":"-'Target CF'!J29","v":16.70487},{"$f":"-'Target CF'!L29","v":17.623637849999998},{"$f":"-'Target CF'!N29","v":18.592937931750001},{"$f":"-'Target CF'!P29","v":19.61554951799625},{"$f":"-'Target CF'!R29","v":20.694404741486039},null,"Less: Gross Capex",null,{"$f":"-'Acquirer CF'!J31","v":855.426962},{"$f":"-'Acquirer CF'!L27","v":899.90916402400012},{"$f":"-'Acquirer CF'!N31","v":946.70444055324811},{"$f":"-'Acquirer CF'!P27","v":995.9330714620171},{"$f":"-'Acquirer CF'!R31","v":1047.721591178042}]
[null,"Less: ∆ NWC",null,{"$f":"'Target CF'!J17+'Target CF'!J18+'Target CF'!J20+'Target CF'!J23+'Target CF'!J25","v":22.663376438356181},{"$f":"'Target CF'!L17+'Target CF'!L18+'Target CF'!L20+'Target CF'!L23+'Target CF'!L25","v":-49.034514295890403},{"$f":"'Target CF'!N17+'Target CF'!N18+'Target CF'!N20+'Target CF'!N23+'Target CF'!N25","v":-51.731412582164296},{"$f":"'Target CF'!P17+'Target CF'!P18+'Target CF'!P20+'Target CF'!P23+'Target CF'!P25","v":-54.576640274183546},{"$f":"'Target CF'!R17+'Target CF'!R18+'Target CF'!R20+'Target CF'!R23+'Target CF'!R25","v":-57.578355489263373},null,"Less:  ∆ NWC",null,{"$f":"'Acquirer CF'!J15+'Acquirer CF'!J16+'Acquirer CF'!J18+'Acquirer CF'!J21+'Acquirer CF'!J22+'Acquirer CF'!J23","v":197.27605652602733},{"$f":"'Acquirer CF'!L15+'Acquirer CF'!L16+'Acquirer CF'!L18+'Acquirer CF'!L21+'Acquirer CF'!L22+'Acquirer CF'!L23","v":74.069154939353439},{"$f":"'Acquirer CF'!N15+'Acquirer CF'!N16+'Acquirer CF'!N18+'Acquirer CF'!N21+'Acquirer CF'!N22+'Acquirer CF'!N2","v":66.985150996199991},{"$f":"'Acquirer CF'!P15+'Acquirer CF'!P16+'Acquirer CF'!P18+'Acquirer CF'!P21+'Acquirer CF'!P22+'Acquirer CF'!P23","v":59.532778848002295},{"$f":"'Acquirer CF'!R15+'Acquirer CF'!R16+'Acquirer CF'!R18+'Acquirer CF'!R21+'Acquirer CF'!R22+'Acquirer CF'!R23","v":51.692883348098235}]
[null,"Equals: Free Cash Flow",null,{"$f":"SUM(D5:D9)","v":1019.8991324383568},{"$f":"SUM(E5:E9)","v":1032.6816722841097},1120.0329268197354,1213.1466508572207,1312.3781062392641,null,"Equals: Free Cash Flow",null,{"$f":"SUM(L5:L9)","v":2867.6880189260278},{"$f":"SUM(M5:M9)","v":2746.5089170041556},2730.7483021403532,2702.5043004983377,2660.2063330160263]
[null,"Period",null,1,1,1,1,1,null,"Period",null,1,1,1,1,1]
[null,"Mid-Year Convention",null,{"$f":"D11/2","v":0.5},{"$f":"D11+E11/2","v":1.5},{"$f":"F11/2+SUM(D11:E11)","v":2.5},{"$f":"G11/2+SUM(D11:F11)","v":3.5},{"$f":"H11/2+SUM(D11:G11)","v":4.5},null,"Mid-Year Convention",null,{"$f":"L11/2","v":0.5},{"$f":"L11+M11/2","v":1.5},{"$f":"N11/2+SUM(L11:M11)","v":2.5},{"$f":"O11/2+SUM(L11:N11)","v":3.5},{"$f":"P11/2+SUM(L11:O11)","v":4.5}]
[null,"Discount Factor",null,{"$f":"1/(1+D24)^D12","v":0.95429712996487337},{"$f":"1/(1+D24)^E12","v":0.86906218490671472},{"$f":"1/(1+D24)^F12","v":0.79144016839140385},{"$f":"1/(1+D24)^G12","v":0.72075111657360769},{"$f":"1/(1+D24)^H12","v":0.65637579793043077},null,"Discount Factor",null,{"$f":"1/(1+L24)^L11","v":0.91435537945748258},{"$f":"1/(1+L24)^M12","v":0.87432427512699884},{"$f":"1/(1+L24)^N12","v":0.79944310435263544},{"$f":"1/(1+L24)^O12","v":0.73097510303502189},{"$f":"1/(1+L24)^P12","v":0.66837101770955976}]
[null,"PV FCFF",null,{"$f":"D10*D13","v":973.28681493958811},{"$f":"E10*E13","v":897.46459042834829},886.43904820612829,874.37680317287447,861.41322666922463,null,"PV FCFF",null,{"$f":"L10*L13","v":2622.0859667107848},{"$f":"M10*M13","v":2401.3394179894972},{"$f":"N10*N13","v":2183.0778998687724},{"$f":"O10*O13","v":1975.4633595093621},{"$f":"P10*P13","v":1778.0048141153375}]
[]
[null,"PV (Years 1- 5)",null,{"$f":"SUM(D14:H14)","v":4492.9804834161641},null,null,null,null,null,"PV (Years 1- 5)",null,{"$f":"SUM(L14:P14)","v":10959.971458193755}]
[null,"PV (Terminal Value)",null,{"$f":"+IF(ISERROR(D33*(1+D34)/(D35-D34)*H13),0,D33*(1+D34)/(D35-D34)*H13)","v":13863.369116707832},null,null,null,null,null,"PV (Terminal Value)",null,{"$f":"+IF(ISERROR(L33*(1+L34)/(L35-L34)*P13),0,L33*(1+L34)/(L35-L34)*P13)","v":22447.310778206138}]
[null,"   Enterprise Value",null,{"$f":"SUM(D16:D17)","v":18356.349600123998},null,null,null,null,null,"   Enterprise Value",null,{"$f":"SUM(L16:L17)","v":33407.282236399893}]
[null,"Plus Cash",null,{"$f":"'Target BS'!H9","v":276.3},null,null,null,null,null,"Plus Cash",null,{"$f":"'Acquirer BS'!H9","v":855.3}]
[null,"Less Debt & Min. Int.",null,{"$f":"'Target BS'!H38+'Target BS'!H50","v":2061.7000000000003},null,null,null,null,null,"Less Debt & Min. Int.",null,{"$f":"'Acquirer BS'!H50+'Acquirer BS'!H41","v":808.2}]
[null,"   Equity Value",null,{"$f":"D18+D19-D20","v":16570.949600123997},null,null,null,null,null,"   Equity Value",null,{"$f":"L18+L19-L20","v":33454.382236399899}]
[null,"   Equity Value Per Share",null,{"$f":"+IF(ISERROR(D21/Summary!E8),0,D21/Summary!E8)","v":94.962461891828056},null,null,null,null,null,"   Equity Value Per Share",null,{"$f":"+IF(ISERROR(L21/Summary!O25),0,L21/Summary!O25)","v":93.421899571069247}]
[null,"Assumptions:",null,null,null,null,null,null,null,"Assumptions:"]
[null,"WACC ",null,{"$f":"'Target Assumptions'!J57*(1-0.4)*D26+D28*(1-D26)","v":9.8076923076923075E-2},null,null,null,null,null,"WACC ",null,{"$f":"'Acquirer Assumptions'!J58*(1-0.4)*L26+L28*(1-L26)","v":9.3666666666666662E-2}]
[null,"   Target D/E* ",null,0.3,null,null,null,null,null,"   Target D/E*",null,0.2]
[null,"   Target D/TC*  ",null,{"$f":"D25/(1+D25)","v":0.23076923076923075},null,null,null,null,null,"   Target D/TC*",null,{"$f":"L25/(1+L25)","v":0.16666666666666669}]
[null,"   Marginal Tax Rate",null,0.4,null,null,null,null,null,"   Marginal Tax Rate",null,0.4]
[null,"   ke",null,{"$f":"D29+D31*D30","v":0.11849999999999999},null,null,null,null,null,"   ke ",null,{"$f":"L29+L31*L30","v":0.10639999999999999}]
[null,"      Rf ",null,2.5000000000000001E-2,null,null,null,null,null,"      Rf",null,2.5000000000000001E-2]
[null,"      Rf - Rm ",null,5.5E-2,null,null,null,null,null,"      Rf - Rm",null,5.5E-2]
[null,"      Beta  ",null,1.7,null,null,null,null,null,"      Beta",null,1.48]
[null,"Terminal Value",null,null,null,null,null,null,null,"Terminal Value"]
[null,"FCF 2020 ",null,{"$f":"H10","v":1312.3781062392641},null,null,null,null,null,"FCF 2020 ",null,{"$f":"P10","v":2660.2063330160263}]
[null,"Terminal Growth Rate",null,0.03,null,null,null,null,null,"Terminal Growth Rate",null,0.01]
[null,"Terminal Period WACC",null,9.4E-2,null,null,null,null,null,"Terminal Period WACC",null,0.09]
[]
[null,"Newco",null,2016,{"$f":"D37+1","v":2017},{"$f":"E37+1","v":2018},2019,2020,null,"Definitions"]
[null,"Free Cash Flow",null,null,null,null,null,null,null,"WACC = (D/(D+E))*[(1-T)*[Cost of Debt]]+(E/(D+E))*ke"]
[null,"EBIT",null,{"$f":"'Newco IS'!M21","v":779.93884706423978},{"$f":"'Newco IS'!P21","v":892.55423409149716},{"$f":"'Newco IS'!R21","v":1008.0300761588569},{"$f":"'Newco IS'!T21","v":979.41584393588164},{"$f":"'Newco IS'!V21","v":941.22190499319731},null,"D = Debt"]
[null,"Less: Taxes",null,{"$f":"D39*'Newco Assumptions'!J49","v":311.97553882569593},{"$f":"E39*'Newco Assumptions'!L49","v":357.02169363659891},{"$f":"F39*'Newco Assumptions'!N49","v":403.21203046354276},{"$f":"G39*'Newco Assumptions'!P49","v":391.76633757435269},{"$f":"H39*'Newco Assumptions'!R49","v":376.48876199727897},null,"E = Equity"]
[null,"Plus: Deprec. & Amort.",null,{"$f":"'Newco IS'!M18+'Newco IS'!M19","v":1439.7200700000001},{"$f":"'Newco IS'!P18+'Newco IS'!R19","v":1498.3958305199999},{"$f":"'Newco IS'!R18+'Newco IS'!R19","v":1560.1447810154402},{"$f":"'Newco IS'!T18+'Newco IS'!T19","v":1625.1279401386048},{"$f":"'Newco IS'!V18+'Newco IS'!V19","v":1693.5147662142444},null,"T = Corporate marginal tax rate",null," (i.e., 40%)"]
[null,"Less: Gross Capex",null,{"$f":"-'Newco CF'!J29","v":872.13183200000003},{"$f":"-'Newco CF'!L29","v":917.53280187400014},{"$f":"-'Newco CF'!N29","v":965.29737848499815},{"$f":"-'Newco CF'!P29","v":1015.5486209800133},{"$f":"-'Newco CF'!R29","v":1068.4159959195281},null,"ke = Cost of Equity (Estimated using the Capital Asset Pricing Model)"]
[null,"Less: ∆ NWC",null,{"$f":"'Newco CF'!J17+'Newco CF'!J18+'Newco CF'!J19+'Newco CF'!J20+'Newco CF'!J21+'Newco CF'!J22+'Newco CF'!J23+'Newco CF'!J24+'Newco CF'!J25","v":2391.9106392688036},{"$f":"'Newco CF'!L17+'Newco CF'!L18+'Newco CF'!L19+'Newco CF'!L20+'Newco CF'!L21+'Newco CF'!L22+'Newco CF'!L23+'Newco CF'!L24+'Newco CF'!L25","v":196.49130279443872},{"$f":"'Newco CF'!N17+'Newco CF'!N18+'Newco CF'!N19+'Newco CF'!N20+'Newco CF'!N21+'Newco CF'!N22+'Newco CF'!N23+'Newco CF'!N24+'Newco CF'!N25","v":196.96520653456545},{"$f":"'Newco CF'!P17+'Newco CF'!P18+'Newco CF'!P19+'Newco CF'!P20+'Newco CF'!P21+'Newco CF'!P22+'Newco CF'!P23+'Newco CF'!P24+'Newco CF'!P25","v":218.00885628930229},{"$f":"'Newco CF'!R17+'Newco CF'!R18+'Newco CF'!R19+'Newco CF'!R20+'Newco CF'!R21+'Newco CF'!R22+'Newco CF'!R23+'Newco CF'!R24+'Newco CF'!R25","v":218.49930121695908},null,"NWC = Net working capital excluding cash & marketable securities"]
[null,"Equals: Free Cash Flow",null,{"$f":"SUM(D39:D43)","v":5795.6769271587391},{"$f":"SUM(E39:E43)","v":3861.9958629165349},4133.6494726574037,4229.8675989181547,4298.1407303412079,null,"Discount factor uses mid-year convention in which cash flows occur evenly"]
[null,"Period",null,1,1,1,1,1,null,"     throughout the year."]
[null,"Mid-Year Convention",null,{"$f":"D45/2","v":0.5},{"$f":"D45+E45/2","v":1.5},{"$f":"SUM(D45:E45)+F45/2","v":2.5},{"$f":"SUM(D45:F45)+G45/2","v":3.5},{"$f":"SUM(D45:G45)+H45/2","v":4.5},null,"Rf = Risk free rate approximated by the 10-year U.S. treasury bond rate."]
[null,"Discount Factor",null,{"$f":"1/(1+D57)^D46","v":0.96026260910529604},{"$f":"1/(1+D57)^E46","v":0.88546226028743436},{"$f":"1/(1+D57)^F46","v":0.81648853861325255},{"$f":"1/(1+D57)^G46","v":0.75288757475716572},{"$f":"1/(1+D57)^H46","v":0.69424085387219736},null,"Rm = Return on a broad based stock index"]
[null,"PV FCFF",null,{"$f":"D44*D47","v":5565.3718476048152},{"$f":"E44*E47","v":3419.6515859987953},3375.0774170694858,3184.6147580934053,2983.9448906949501,null,"Rm - Rf = Average historical equity risk premium since 1963"]
[null,null,null,null,null,null,null,null,null,"Period reflects months of actual data available for first forecast year, i.e., "]
[null,"PV (Years 1- 5)",null,{"$f":"SUM(D48:H48)","v":18528.66049946145},null,null,null,null,null,"     if have 9 months actual data, period 1 equals .25, if have one half"]
[null,"PV (Terminal Value)",null,{"$f":"+IF(ISERROR(D66*(1+D67)/(D68-D67)*H47),0,D66*(1+D67)/(D68-D67)*H47)","v":50727.063141814157},null,null,null,null,null,"     year of data, period 1 is .5; if 3 months available, period 1 equals.75"]
[null,"   Enterprise Value",null,{"$f":"SUM(D50:D51)","v":69255.723641275603},null,null,null,null,null,"FCF2020 is recalculated to reflect the maximum marginal tax rate rather than the "]
[null,"Plus Cash",null,{"$f":"'Newco BS'!M9","v":131.59999999999991},null,null,null,null,null,"     effective tax rate."]
[null,"Less Debt & Minority Interest","& Min. Int.",{"$f":"'Newco BS'!M39+'Newco BS'!M51","v":11974.48245},null,null,null,null,null,"Target D/E* represents the future debt to equity ratio desired by the firm."]
[null,"   Equity Value",null,{"$f":"D52+D53-D54","v":57412.841191275613},null,null,null,null,null,"Target D/TC* represents the implied future debt to total capital ratio desired "]
[null,"   Equity Value Per Share",null,{"$f":"+IF(ISERROR(D55/Summary!I18),0,D55/Summary!I18)","v":113.92733916548882},null,null,null,null,null,"     by the firm."]
[null,"WACC =",null,{"$f":"'Newco Assumptions'!J58*(1-0.4)*D59+D61*(1-D59)","v":8.4476043951980842E-2}]
[null,"   Target D/E* ",null,0.2]
[null,"   Target D/TC*",null,{"$f":"D58/(1+D58)","v":0.16666666666666669}]
[null,"   Marginal Tax Rate",null,0.4]
[null,"   ke",null,{"$f":"D62+D64*D63","v":9.5400000000000013E-2}]
[null,"     Rf",null,2.5000000000000001E-2]
[null,"     Rf - Rm",null,5.5E-2]
[null,"     Beta",null,1.28]
[null,"Terminal Value"]
[null,"FCF 2020",null,{"$f":"H44","v":4298.1407303412079}]
[null,"Terminal Growth Rate",null,0.02]
[null,"Terminal Period WACC",null,0.08]
[]
[null,"Newco Internal Rate of Return on Acquisition"]
[]
[null,"Purchase Price (including Trasaction Expenses)",null,null,null,2015,{"$f":"-Summary!Q18","v":-15129.7649}]
[null,"Free Cash Flows",null,null,null,{"$f":"F72+1","v":2016},{"$f":"D44","v":5795.6769271587391}]
[null,null,null,null,null,{"$f":"F73+1","v":2017},{"$f":"E44","v":3861.9958629165349}]
[null,null,null,null,null,2018,{"$f":"F44","v":4133.6494726574037}]
[null,null,null,null,null,2019,{"$f":"G44","v":4229.8675989181547}]
[null,null,null,null,null,2020,{"$f":"H44","v":4298.1407303412079}]
[null,"Terminal Value",null,null,null,null,{"$f":"D51","v":50727.063141814157}]
[null,"IRR ",null,null,null,null,{"$f":"IRR(G72:G78)","v":0.4271208608379693}]