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Consolidated Statements of Income (USD $)
In Millions, except Per Share data
12 Months Ended
Dec. 25, 2010
Dec. 26, 2009
Dec. 27, 2008
Net sales $ 2,300.4 $ 2,127.5 $ 2,161.8
Cost of products sold 766.2 718.5 764.1
Gross margin 1,534.2 1,409.0 1,397.7
Delivery, sales and administrative expense 1,193.1 1,119.1 1,161.0
Re-engineering and impairment charges 7.6 8.0 9.0
Impairment of goodwill and intangible assets 4.3 28.1 9.0
Gains on disposal of assets including insurance recoveries, net 0.2 21.9 24.9
Operating income 329.4 275.7 243.6
Interest income 2.5 2.9 4.8
Interest expense 29.3 31.6 41.7
Other expense 2.9 9.9 4.8
Income before income taxes 299.7 237.1 201.9
Provision for income taxes 74.1 62.0 40.5
Net income $ 225.6 $ 175.1 $ 161.4
Basic earnings per common share $ 3.60 $ 2.80 $ 2.61
Diluted earnings per common share $ 3.53 $ 2.75 $ 2.55