2014 Form 10-K Financial Statement

#000156459015001677 Filed on March 13, 2015

View on sec.gov

Income Statement

Concept 2014 2013 Q4 2013 Q3
Revenue $1.863B $400.1M $448.2M
YoY Change -0.05% -6.39% -11.89%
Cost Of Revenue $1.460B $344.7M $399.6M
YoY Change -15.59% -7.36% -5.58%
Gross Profit $402.8M $55.50M $48.60M
YoY Change 200.15% 0.36% -50.1%
Gross Profit Margin 21.63% 13.87% 10.84%
Selling, General & Admin $276.1M $121.6M $101.1M
YoY Change -26.39% 92.1% 56.02%
% of Gross Profit 68.55% 219.1% 208.02%
Research & Development $19.00M
YoY Change 5.56%
% of Gross Profit 4.72%
Depreciation & Amortization $78.40M $18.80M $18.70M
YoY Change 5.23% -1.57% 7.47%
% of Gross Profit 19.46% 33.87% 38.48%
Operating Expenses $295.1M $121.6M $101.1M
YoY Change -24.93% 92.1% 56.02%
Operating Profit $170.2M -$4.200M -$42.50M
YoY Change -222.71% 90.91% -203.41%
Interest Expense $56.70M -$12.30M -$13.70M
YoY Change 1.07% -11.51% -193.84%
% of Operating Profit 33.31%
Other Income/Expense, Net $16.30M $66.70M $8.700M
YoY Change -73.54% 124.58% 14.47%
Pretax Income $112.0M -$12.20M -$59.80M
YoY Change -151.4% -680.95% -301.35%
Income Tax $32.50M -$23.00M -$18.90M
% Of Pretax Income 29.02%
Net Earnings $53.80M $15.70M -$34.20M
YoY Change -154.9% 348.57% -248.7%
Net Earnings / Revenue 2.89% 3.92% -7.63%
Basic Earnings Per Share
Diluted Earnings Per Share $1.888M $550.9K -$1.200M
COMMON SHARES
Basic Shares Outstanding 339.1M
Diluted Shares Outstanding

Balance Sheet

Concept 2014 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $258.5M $146.6M $115.7M
YoY Change 76.33% -60.04% -6.92%
Cash & Equivalents $255.8M $142.8M $115.7M
Short-Term Investments $2.700M $3.800M
Other Short-Term Assets $28.20M $20.80M $54.90M
YoY Change -47.97% -17.13% 91.96%
Inventory $458.0M $430.6M $407.1M
Prepaid Expenses
Receivables $247.0M $273.4M $345.7M
Other Receivables $56.90M $29.90M $6.300M
Total Short-Term Assets $1.049B $949.0M $929.7M
YoY Change 10.5% -30.39% -18.58%
LONG-TERM ASSETS
Property, Plant & Equipment $898.7M $796.4M $756.2M
YoY Change -5.85% 4.36% 2.15%
Goodwill $379.7M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $344.6M $355.6M $374.9M
YoY Change -3.09% -7.13% -21.02%
Other Assets $255.5M $337.3M $323.7M
YoY Change -17.61% 109.37% 114.09%
Total Long-Term Assets $1.897B $1.222B $1.848B
YoY Change -6.03% 17.03% 61.84%
TOTAL ASSETS
Total Short-Term Assets $1.049B $949.0M $929.7M
Total Long-Term Assets $1.897B $1.222B $1.848B
Total Assets $2.945B $2.952B $2.777B
YoY Change -0.74% -6.9% -8.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $136.2M $133.2M $126.4M
YoY Change 2.25% -21.46% -22.45%
Accrued Expenses $108.2M $151.3M $152.6M
YoY Change -28.49% 34.85% 32.58%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.300M $10.70M $29.70M
YoY Change -13.08% -63.85% -14.41%
Total Short-Term Liabilities $327.3M $394.7M $372.8M
YoY Change -17.08% -0.95% -5.31%
LONG-TERM LIABILITIES
Long-Term Debt $919.7M $741.8M $701.6M
YoY Change 23.98% -15.75% -8.73%
Other Long-Term Liabilities $450.4M $110.2M $319.5M
YoY Change 26.16% 40.74% 407.14%
Total Long-Term Liabilities $1.370B $1.580B $1.021B
YoY Change 24.69% -5.99% -31.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $327.3M $394.7M $372.8M
Total Long-Term Liabilities $1.370B $1.580B $1.021B
Total Liabilities $2.468B $2.366B $2.203B
YoY Change 4.3% 13.81% 17.11%
SHAREHOLDERS EQUITY
Retained Earnings -$39.60M
YoY Change -152.52%
Common Stock $3.600M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.60M
YoY Change 0.0%
Treasury Stock Shares $13.20M
Shareholders Equity $477.6M $601.3M $574.9M
YoY Change
Total Liabilities & Shareholders Equity $2.945B $2.967B $2.777B
YoY Change -0.74% -6.41% -8.15%

Cashflow Statement

Concept 2014 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $53.80M $15.70M -$34.20M
YoY Change -154.9% 348.57% -248.7%
Depreciation, Depletion And Amortization $78.40M $18.80M $18.70M
YoY Change 5.23% -1.57% 7.47%
Cash From Operating Activities $67.30M $68.70M $65.00M
YoY Change -42.53% 167.32% -46.98%
INVESTING ACTIVITIES
Capital Expenditures $72.70M -$20.20M -$17.80M
YoY Change -2.55% -38.41% 7.23%
Acquisitions
YoY Change
Other Investing Activities -$500.0K $11.30M $1.100M
YoY Change -600.0% -93.18% -178.57%
Cash From Investing Activities -$73.70M -$8.900M -$16.70M
YoY Change 31.14% -106.69% -7.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $343.1M
YoY Change -50.51%
Cash From Financing Activities 110.2M -33.60M -114.0M
YoY Change -138.5% -139.86% 31.03%
NET CHANGE
Cash From Operating Activities 67.30M 68.70M 65.00M
Cash From Investing Activities -73.70M -8.900M -16.70M
Cash From Financing Activities 110.2M -33.60M -114.0M
Net Change In Cash 177.5M 26.20M -65.70M
YoY Change -178.78% -89.22% -473.3%
FREE CASH FLOW
Cash From Operating Activities $67.30M $68.70M $65.00M
Capital Expenditures $72.70M -$20.20M -$17.80M
Free Cash Flow -$5.400M $88.90M $82.80M
YoY Change -112.71% 51.97% -40.52%

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CY2014 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5400000
CY2013 us-gaap Increase Decrease Due From Affiliates
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18700000
CY2014 us-gaap Increase Decrease Due From Affiliates
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13200000
CY2013 us-gaap Increase Decrease In Other Noncurrent Assets
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2100000
CY2014 us-gaap Increase Decrease In Other Noncurrent Assets
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-2800000
CY2014 vhi Payments To Acquire Capitalized Permit
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300000
CY2013 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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5300000
CY2013 us-gaap Increase Decrease In Other Noncurrent Liabilities
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200000
CY2014 us-gaap Increase Decrease In Other Noncurrent Liabilities
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4800000
CY2013 us-gaap Increase Decrease In Other Operating Capital Net
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-18200000
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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3300000
CY2012 us-gaap Net Cash Provided By Used In Operating Activities
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71900000
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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117100000
CY2014 us-gaap Net Cash Provided By Used In Operating Activities
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67300000
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
74600000
CY2014 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
72700000
CY2013 vhi Payments To Acquire Capitalized Permit
PaymentsToAcquireCapitalizedPermit
1500000
CY2012 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-5400000
CY2013 us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
27400000
CY2012 us-gaap Payments To Acquire Marketable Securities
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11700000
CY2013 us-gaap Payments To Acquire Marketable Securities
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7900000
CY2014 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
16300000
CY2012 us-gaap Proceeds From Divestiture Of Businesses
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58000000
CY2012 us-gaap Proceeds From Legal Settlements
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15600000
CY2013 us-gaap Proceeds From Collection Of Loans Receivable
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3000000
CY2012 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
3600000
CY2013 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1600000
CY2012 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
52800000
CY2012 us-gaap Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
64000000
CY2012 us-gaap Increase Decrease In Restricted Cash
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15700000
CY2013 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
9900000
CY2014 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-18600000
CY2012 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-7100000
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
100000
CY2012 us-gaap Proceeds From Other Debt
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732800000
CY2013 us-gaap Proceeds From Other Debt
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493800000
CY2014 us-gaap Proceeds From Other Debt
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515600000
CY2012 us-gaap Repayments Of Other Debt
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546000000
CY2013 us-gaap Repayments Of Other Debt
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693300000
CY2014 us-gaap Repayments Of Other Debt
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343100000
CY2014 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
6100000
CY2014 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
37300000
CY2014 us-gaap Payments Of Dividends Minority Interest
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18900000
CY2013 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
700000
CY2013 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
100000
CY2012 us-gaap Net Cash Provided By Used In Financing Activities
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96000000
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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-286200000
CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
110200000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
268800000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-225300000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
122400000
CY2012 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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1700000
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1200000
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-9400000
CY2012 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
270500000
CY2013 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-224100000
CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
113000000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96400000
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
366900000
CY2014 us-gaap Interest Paid Net
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53900000
CY2014 us-gaap Income Taxes Paid Net
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33400000
CY2012 vhi Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
16100000
CY2013 vhi Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
4600000
CY2014 vhi Increase Decrease In Accrued Capital Expenditures
IncreaseDecreaseInAccruedCapitalExpenditures
6500000
CY2014 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
8900000
CY2012 us-gaap Research And Development Expense
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19000000
CY2013 us-gaap Research And Development Expense
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18000000
CY2012Q4 us-gaap Property Plant And Equipment Net
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763100000
CY2014 us-gaap Use Of Estimates
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<div> <p style="text-align:justify;margin-bottom:0pt;margin-top:12pt;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;text-indent:9.06%;">Management&#8217;s estimates.<font style="font-weight:normal;font-style:normal;"> The preparation of our Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;), requires us to make estimates and assumptions that affect the reported amounts of our assets and liabilities and disclosures of contingent assets and liabilities at each balance sheet date and the reported amounts of our revenues and expenses during each reporting period. Actual results may differ significantly from previously-estimated amounts under different assumptions or conditions. </font></p></div>
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2014 us-gaap Number Of Operating Segments
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4
CY2013 us-gaap Gross Profit
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134200000
CY2014 us-gaap Gross Profit
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402800000
CY2012 us-gaap Operating Income Loss
OperatingIncomeLoss
345400000
CY2013Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
RecordedThirdPartyEnvironmentalRecoveriesReceivable
0
CY2014Q4 us-gaap Recorded Third Party Environmental Recoveries Receivable
RecordedThirdPartyEnvironmentalRecoveriesReceivable
0
CY2012 us-gaap Interest Costs Capitalized
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1700000
CY2014 us-gaap Interest Costs Capitalized
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2900000
CY2012 us-gaap Advertising Expense
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1000000
CY2013 us-gaap Advertising Expense
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2000000
CY2014 us-gaap Advertising Expense
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1000000
CY2014Q4 us-gaap Undistributed Earnings Of Foreign Subsidiaries
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659000000
CY2014 vhi Percentage Of Likelihood For Recognition Of Uncertain Tax Positions
PercentageOfLikelihoodForRecognitionOfUncertainTaxPositions
0.50
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
-138700000
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
170200000
CY2012 us-gaap Investment Income Net
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50200000
CY2013 us-gaap Investment Income Net
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26600000
CY2014 us-gaap Investment Income Net
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26900000
CY2012 us-gaap Insurance Recoveries
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3300000
CY2013 us-gaap Insurance Recoveries
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9400000
CY2014 us-gaap Insurance Recoveries
InsuranceRecoveries
10400000
CY2012 us-gaap Gain Loss On Sale Of Properties
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3200000
CY2012 us-gaap Other General Expense
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45300000
CY2013 us-gaap Other General Expense
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105300000
CY2014 us-gaap Other General Expense
OtherGeneralExpense
38800000
CY2012Q4 us-gaap Assets
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3170500000
CY2013Q4 us-gaap Other Receivables Gross Current
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31400000
CY2014Q4 us-gaap Other Receivables Gross Current
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24300000
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1300000
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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1800000
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
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70200000
CY2014Q4 us-gaap Inventory Raw Materials Net Of Reserves
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79400000
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
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24700000
CY2014Q4 us-gaap Inventory Work In Process Net Of Reserves
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43200000
CY2013Q4 us-gaap Inventory Finished Goods Net Of Reserves
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266300000
CY2014Q4 us-gaap Inventory Finished Goods Net Of Reserves
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256400000
CY2013Q4 us-gaap Inventory Supplies Net Of Reserves
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69400000
CY2014Q4 us-gaap Inventory Supplies Net Of Reserves
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64000000
CY2013Q4 us-gaap Real Estate Investment Property Net
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158100000
CY2014Q4 us-gaap Real Estate Investment Property Net
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165100000
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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33300000
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
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13900000
CY2013Q4 us-gaap Deferred Finance Costs Noncurrent Net
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2600000
CY2014Q4 us-gaap Deferred Finance Costs Noncurrent Net
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6900000
CY2013Q4 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
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6900000
CY2014Q4 us-gaap Reinsurance Receivables Incurred But Not Reported Claims
ReinsuranceReceivablesIncurredButNotReportedClaims
6800000
CY2013Q4 us-gaap Deposit Assets
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6200000
CY2014Q4 us-gaap Deposit Assets
DepositAssets
6200000
CY2013Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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5200000
CY2014Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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5100000
CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
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1100000
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
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1200000
CY2013Q4 us-gaap Other Assets Miscellaneous Noncurrent
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63800000
CY2014Q4 us-gaap Other Assets Miscellaneous Noncurrent
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24500000
CY2013Q4 us-gaap Other Deferred Costs Net
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59500000
CY2014Q4 us-gaap Other Deferred Costs Net
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53200000
CY2011Q4 us-gaap Goodwill
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400100000
CY2012 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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14300000
CY2012 us-gaap Goodwill Translation Adjustments
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300000
CY2012Q4 us-gaap Goodwill
Goodwill
379700000
CY2014Q4 us-gaap Goodwill Gross
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396200000
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
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752500000
CY2014Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
934100000
CY2014Q4 vhi Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Interest And Discount Next Fiscal Year
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInterestAndDiscountNextFiscalYear
14100000
CY2014Q4 vhi Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Interest And Discount Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInterestAndDiscountYearTwo
238400000
CY2014Q4 vhi Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Interest And Discount Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInterestAndDiscountYearThree
12600000
CY2014Q4 vhi Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Interest And Discount Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInterestAndDiscountYearFour
12500000
CY2014Q4 vhi Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Interest And Discount Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInterestAndDiscountYearFive
12200000
CY2014Q4 vhi Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Interest And Discount After Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInterestAndDiscountAfterYearFive
708000000
CY2014Q4 vhi Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Interest And Discount
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInterestAndDiscount
997800000
CY2014Q4 vhi Interest Portion Of Minimum Lease Payments And Discount Portion On Other Debt Obligations
InterestPortionOfMinimumLeasePaymentsAndDiscountPortionOnOtherDebtObligations
63700000
CY2014Q4 vhi Long Term Debt And Capital Lease Obligations Current And Noncurrent
LongTermDebtAndCapitalLeaseObligationsCurrentAndNoncurrent
934100000
CY2013Q4 us-gaap Employee Related Liabilities Current
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36100000
CY2014Q4 us-gaap Employee Related Liabilities Current
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34600000
CY2013Q4 vhi Accrued Sales Discounts And Rebates
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16700000
CY2014Q4 vhi Accrued Sales Discounts And Rebates
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23000000
CY2013Q4 us-gaap Deferred Revenue And Credits Current
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36900000
CY2014Q4 us-gaap Deferred Revenue And Credits Current
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19800000
CY2013Q4 us-gaap Loss Contingency Accrual Carrying Value Current
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35000000
CY2013Q4 us-gaap Accrued Environmental Loss Contingencies Current
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9100000
CY2014Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
10200000
CY2013Q4 us-gaap Liability For Uncertain Tax Positions Current
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3100000
CY2013Q4 us-gaap Other Liabilities Current
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51300000
CY2014Q4 us-gaap Other Liabilities Current
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40400000
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
188200000
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
128000000
CY2013Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
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49800000
CY2014Q4 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
34100000
CY2013Q4 us-gaap Asset Retirement Obligation
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25600000
CY2014Q4 us-gaap Asset Retirement Obligation
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27200000
CY2013Q4 us-gaap Deferred Revenue And Credits Noncurrent
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1300000
CY2014Q4 us-gaap Deferred Revenue And Credits Noncurrent
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18900000
CY2013Q4 vhi Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
12200000
CY2014Q4 vhi Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
8100000
CY2013Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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9500000
CY2014Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
9500000
CY2013Q4 vhi Deferred Payment Obligation Carrying Value
DeferredPaymentObligationCarryingValue
8200000
CY2014Q4 vhi Deferred Payment Obligation Carrying Value
DeferredPaymentObligationCarryingValue
8500000
CY2013Q4 us-gaap Other Sundry Liabilities Noncurrent
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3600000
CY2014Q4 us-gaap Other Sundry Liabilities Noncurrent
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6400000
CY2014 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1800000
CY2013 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
1700000
CY2012 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
700000
CY2012 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3900000
CY2013 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4200000
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
3600000
CY2012 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
100000
CY2012 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1800000
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
-3400000
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
700000
CY2012 vhi Unrecognized Tax Benefits Increases Decreases Resulting From Currency Translation
UnrecognizedTaxBenefitsIncreasesDecreasesResultingFromCurrencyTranslation
200000
CY2014 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
5700000
CY2013Q4 vhi Combined Master Retirement Trust Asset Value
CombinedMasterRetirementTrustAssetValue
722800000
CY2014Q4 vhi Combined Master Retirement Trust Asset Value
CombinedMasterRetirementTrustAssetValue
715500000
CY2013Q4 vhi Percentage Of Combined Master Retirement Trust Fair Value Inputs
PercentageOfCombinedMasterRetirementTrustFairValueInputs
1.00
CY2014Q4 vhi Percentage Of Combined Master Retirement Trust Fair Value Inputs
PercentageOfCombinedMasterRetirementTrustFairValueInputs
1.00
CY2013Q4 vhi Percentage Of Combined Master Retirement Trust Asset Mix
PercentageOfCombinedMasterRetirementTrustAssetMix
1.00
CY2014Q4 vhi Percentage Of Combined Master Retirement Trust Asset Mix
PercentageOfCombinedMasterRetirementTrustAssetMix
1.00
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
89000000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-70400000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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40100000
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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212400000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-147500000
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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71900000
CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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105400000
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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39200000
CY2012 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-11900000
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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4300000
CY2014 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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-4100000
CY2012 vhi Incremental Tax On Earnings Of Non Us And Non Tax Group Companies
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1000000
CY2013 vhi Incremental Tax On Earnings Of Non Us And Non Tax Group Companies
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-18500000
CY2014 vhi Incremental Tax On Earnings Of Non Us And Non Tax Group Companies
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-2200000
CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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1300000
CY2013 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-3400000
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
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4100000
CY2012 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
4200000
CY2013 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
2100000
CY2014 us-gaap Income Tax Reconciliation Tax Contingencies
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CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense
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4300000
CY2013 us-gaap Income Tax Reconciliation Nondeductible Expense
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2900000
CY2014 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2800000
CY2012 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
1900000
CY2013 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-200000
CY2012 vhi Income Tax Reconciliation Surtax Levied On Dividend Distributions
IncomeTaxReconciliationSurtaxLeviedOnDividendDistributions
300000
CY2012 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
2300000
CY2013 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
-100000
CY2014 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
900000
CY2012 us-gaap Income Tax Reconciliation Other Adjustments
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600000
CY2013 us-gaap Income Tax Reconciliation Other Adjustments
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-2000000
CY2014 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2700000
CY2012 vhi Current Federal And State Tax Expense Benefit
CurrentFederalAndStateTaxExpenseBenefit
900000
CY2013 vhi Current Federal And State Tax Expense Benefit
CurrentFederalAndStateTaxExpenseBenefit
9100000
CY2014 vhi Current Federal And State Tax Expense Benefit
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7400000
CY2012 us-gaap Current Foreign Tax Expense Benefit
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