Segment Information

12 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company manufactures and distributes a broad portfolio of products, primarily through independent direct sales consultants. Certain operating segments have been aggregated based upon consistency of economic substance, geography, products, production process, class of customers and distribution method.

Effective with the first quarter of 2011, the Company changed its segment reporting to reflect the geographic distribution of its businesses in accordance with how it views the operations. Since the acquisition of the direct selling businesses of Sara Lee Corporation in 2005, certain segments previously aggregated in Beauty Other have changed such that both Tupperware and beauty and personal care products contribute significantly to sales and profit, which has changed the way these businesses have been operated. Consequently, the Company no longer has a Beauty Other segment, and the businesses previously reported in that segment are now reported as follows: Tupperware Brands Philippines in Asia Pacific; the Company's Central America businesses in Tupperware North America; the Nutrimetics businesses in Europe and Asia Pacific (as applicable); and the businesses in South America as a separate geographic segment. Comparable information from 2010 and 2009 has been reclassified to conform to the new presentation.

The Company's reportable segments include the following:

Europe	Primarily design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware® brand. Europe also includes Avroy Shlain® and Nutrimetics® units that sell beauty and personal care products. Asia Pacific also sells beauty and personal care products in some of its units under the NaturCare®, Nutrimetics® and Fuller® brands.
Asia Pacific
Tupperware North America
Beauty North America	Premium cosmetics, skin care and personal care products marketed under the BeautiControl® and Armand Dupree® brands in the United States, Canada and Puerto Rico and the Fuller Cosmetics® brand in Mexico and Central America.
South America	Both houseware and beauty products under the Fuller®, Nuvo® and Tupperware® brands.

Worldwide sales of beauty and personal care products totaled $679.8 million, $666.6 million and $622.6 million in 2011, 2010 and 2009, respectively.

(In millions)	2011			2010			2009
Net sales:
Europe	$	848.9		$	796.0		$	768.9
Asia Pacific	714.0			584.0			494.0
Tupperware North America	352.0			331.5			296.9
Beauty North America	395.5			406.0			391.6
South America	274.6			182.9			176.1
Total net sales	$	2,585.0		$	2,300.4		$	2,127.5
Segment profit:
Europe	$	148.3		$	147.1		$	141.8
Asia Pacific	147.0			111.8			84.9
Tupperware North America	58.4			52.8			40.3
Beauty North America	37.9			58.9			52.2
South America (a)	48.6			24.4			12.7
Total segment profit	440.2			395.0			331.9
Unallocated expenses	(58.9		)	(56.8		)	(51.9		)
Re-engineering and impairment charges (b)	(7.9		)	(7.6		)	(8.0		)
Impairment of goodwill and intangibles (c)	(36.1		)	(4.3		)	(28.1		)
Gains on disposal of assets (d)	3.8			0.2			21.9
Interest expense, net (e)	(45.8		)	(26.8		)	(28.7		)
Income before taxes	$	295.3		$	299.7		$	237.1

(In millions)	2011		2010		2009
Depreciation and amortization:
Europe	$	21.3	$	20.3	$	21.9
Asia Pacific	9.2		10.6		11.3
Tupperware North America	10.4		8.5		8.1
Beauty North America	6.4		6.9		7.0
South America	2.1		1.2		1.2
Corporate	0.4		2.2		2.2
Total depreciation and amortization	$	49.8	$	49.7	$	51.7
Capital expenditures:
Europe	$	34.4	$	26.1	$	16.9
Asia Pacific	11.6		11.5		7.5
Tupperware North America	9.4		7.2		4.6
Beauty North America	3.9		3.5		3.4
South America	6.4		4.1		5.0
Corporate	8.2		3.7		9.0
Total capital expenditures	$	73.9	$	56.1	$	46.4
Identifiable assets:
Europe	$	395.9	$	397.8	$	409.2
Asia Pacific	330.6		349.6		338.3
Tupperware North America	130.4		165.3		156.4
Beauty North America	373.7		419.2		405.8
South America	105.4		95.1		83.5
Corporate	508.2		588.8		425.6
Total identifiable assets	$	1,844.2	$	2,015.8	$	1,818.8

____________________

a. In the third and fourth quarter of 2009, the Company recorded $4.9 million and $3.5 million, respectively, in foreign currency losses associated with the cost to convert cash generated by the business in Venezuela at an exchange rate less favorable than had been used to translate the balance sheet at the time, and to translate the Venezuelan balance sheet as of the end of the 2009 fiscal year, for the first time, at the parallel exchange rate rather than the official exchange rate in that country. See Note 1 to the Consolidated Financial Statements, under the caption Foreign Currency Translation.

b. The re-engineering and impairment charges line provides for severance and other exit costs. See Note 2 to the Consolidated Financial Statements.

c. Reviews of the value of the intangible assets related to the acquisition of the Sara Lee Direct Selling units acquired in 2005 resulted in the conclusion that certain of the tradenames and goodwill had been impaired. This resulted in 2011 charges of $36.1 million related to Nutrimetics, and in 2009, in charges of $28.1 million related to Nutrimetics, NaturCare and Avroy Shlain. In 2010, the Company recorded an impairment of $4.3 million related to Swissgarde in connection with a decision to cease operating that unit as a separate business. See Note 6 to the Consolidated Financial Statements.

d. Gains on disposal of assets in 2011 was from insurance proceeds of $3.0 million, net of cost, related to a flood in Australia, as well as $0.7 million related to the sale of land held for development near the Company's Orlando, Florida headquarters. In 2010, the Company recognized a $0.2 million gain on the sale of property at Nutrimetics Australia. In 2009, the Company recorded a pretax gain of $19.0 million as a result of insurance recoveries from a 2007 fire in South Carolina and pretax gains of $2.9 million from the sale of property in Australia.

e. In 2011, the Company recorded $19.8 million in interest expense related to the impairment of interest rate swaps and the write off of deferred debt costs in conjunction with the early extinguishment of debt. See Note 7 to the Consolidated Financial Statements, under the caption Use of Proceeds.

Sales and segment profit in the preceding table are from transactions with customers, with inter-segment profit eliminated. Sales generated by product line, except beauty and personal care, as opposed to Tupperware®, are not captured in the financial statements, and disclosure of the information is impractical. Sales to a single customer did not exceed 10 percent of total sales in any segment. Sales of Tupperware and beauty products to customers in Mexico were $436.5 million, $421.0 million and $369.6 million in 2011, 2010 and 2009, respectively. There was no other foreign country in which sales were individually material to the Company's total sales. Sales of Tupperware and beauty products to customers in the United States were $264.3 million, $265.4 million and $277.8 million in 2011, 2010 and 2009, respectively. Unallocated expenses are corporate expenses and other items not directly related to the operations of any particular segment.

Corporate assets consist of cash and buildings and assets maintained for general corporate purposes. As of the end of 2011, 2010 and 2009, respectively, long-lived assets in the United States were $81.2 million, $77.2 million and $90.7 million.

As of December 31, 2011 and December 25, 2010, the Company's net investment in international operations was $560.0 million and $832.5 million, respectively. The Company is subject to the usual economic, business and political risks associated with international operations; however, these risks are partially mitigated by the broad geographic dispersion of the Company's operations.