DFS Annual Report

Notes to the Consolidated and Combined Financial Statements (in millions, except per share data, unless otherwise indicated)-(Continued) Condensed Consolidating Balance Sheets December 31, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Eliminations Consolidated ASSETS Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 0.1 $15.0 $ — $ 15.1 Receivables, less allowances . . . . . . . . . . . . . . . . . . . . . . . . — 115.0 31.2 — 146.2 Intercompany receivables . . . . . . . . . . . . . . . . . . . . . . . . . . — 7.4 — (7.4) — Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 21.4 0.8 — 22.2 Prepaid expenses and other current assets . . . . . . . . . . . . . . — 3.0 4.3 — 7.3 Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . — 146.9 51.3 (7.4) 190.8 Property, plant and equipment-net . . . . . . . . . . . . . . . . . . . . — 31.0 2.0 — 33.0 Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 429.2 17.6 — 446.8 Other intangible assets-net . . . . . . . . . . . . . . . . . . . . . . . . . . — 55.8 13.5 — 69.3 Software-net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 42.3 1.1 — 43.4 Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 10.4 0.2 — 10.6 Other noncurrent assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 20.6 3.1 — 23.7 Investments in consolidated subsidiaries . . . . . . . . . . . . . . . 623.5 50.2 — (673.7) — Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $623.5 $786.4 $88.8 $(681.1) $817.6 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 31.7 $ 7.8 $ — $ 39.5 Intercompany payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 7.4 (7.4) — Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 62.8 12.6 — 75.4 Short-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 8.8 — 8.8 Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . — 94.5 36.6 (7.4) 123.7 Note payable with an RRD affiliate . . . . . . . . . . . . . . . . . . — 29.2 — — 29.2 Deferred compensation liabilities . . . . . . . . . . . . . . . . . . . . — 28.5 — — 28.5 Other noncurrent liabilities . . . . . . . . . . . . . . . . . . . . . . . . . — 10.7 2.0 — 12.7 Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 162.9 38.6 (7.4) 194.1 Total equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 623.5 623.5 50.2 (673.7) 623.5 Total liabilities and equity . . . . . . . . . . . . . . . . . . . . . . $623.5 $786.4 $88.8 $(681.1) $817.6 F-41