Guarantor Information

The Company's payment obligations under the Senior Notes are fully and unconditionally guaranteed by certain "Tupperware" trademarks and service marks owned by the Guarantor, as discussed in Note 7 to the Consolidated Financial Statements.

Condensed consolidated financial information as of December 31, 2011 and December 25, 2010 and for the years ended December 31, 2011, December 25, 2010 and December 26, 2009 for Tupperware Brands Corporation (the "Parent"), Dart Industries Inc. (the "Guarantor") and all other subsidiaries (the "Non-Guarantors") is as follows. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent and Guarantor of the equity method of accounting to reflect ownership interests in subsidiaries which are eliminated upon consolidation. Note that the Guarantor is 100% owned by the Parent, and there are certain entities within the Non-Guarantors classification which the Parent owns directly. There are no significant restrictions on the ability of either the Parent or the Guarantor from obtaining adequate funds from their respective subsidiaries by dividend or loan that should interfere with their ability to meet their operating needs or debt repayment obligations.

Condensed Consolidating Balance Sheet



	December 31, 2011
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	1.9	$	136.3	$	—		$	138.2
Accounts receivable, net	—		—		163.7		—			163.7
Inventories	—		—		302.5		—			302.5
Deferred income tax benefits, net	5.5		44.6		44.1		—			94.2
Non-trade amounts receivable, net	0.4		10.1		37.0		—			47.5
Intercompany receivables	1,674.7		3,757.3		257.7		(5,689.7		)	—
Prepaid expenses and other current assets	1.2		1.6		83.0		(62.5		)	23.3
Total current assets	1,681.8		3,815.5		1,024.3		(5,752.2		)	769.4
Deferred income tax benefits, net	68.7		128.7		141.8		—			339.2
Property, plant and equipment, net	—		28.7		244.4		—			273.1
Long-term receivables, net	—		0.1		23.1		—			23.2
Trademarks and tradenames	—		—		157.1		—			157.1
Other intangible assets, net	—		—		7.2		—			7.2
Goodwill	—		2.9		238.5		—			241.4
Investments in subsidiaries	2,695.0		1,734.6		—		(4,429.6		)	—
Intercompany notes receivable	85.9		506.0		1,088.5		(1,680.4		)	—
Other assets, net	34.6		7.9		130.0		(138.9		)	33.6
Total assets	$	4,566.0	$	6,224.4	$	3,054.9	$	(12,001.1	)	$	1,844.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	—	$	157.2	$	—		$	157.2
Short-term borrowings and current portion of long-term debt and capital lease obligations	—		—		195.7		—			195.7
Intercompany payables	3,270.0		2,415.5		4.2		(5,689.7		)	—
Accrued liabilities	35.5		116.1		272.4		(101.5		)	322.5
Total current liabilities	3,305.5		2,531.6		629.5		(5,791.2		)	675.4
Long-term debt and capital lease obligations	396.1		—		19.1		—			415.2
Intercompany notes payable	342.9		1,337.5		—		(1,680.4		)	—
Other liabilities	20.7		112.9		219.1		(99.9		)	252.8
Shareholders' equity	500.8		2,242.4		2,187.2		(4,429.6		)	500.8
Total liabilities and shareholders' equity	$	4,566.0	$	6,224.4	$	3,054.9	$	(12,001.1	)	$	1,844.2

Condensed Consolidating Balance Sheet



	December 25, 2010
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	20.0	$	52.2	$	176.5	$	—		$	248.7
Accounts receivable, net	—		—		181.9		—			181.9
Inventories	—		—		279.1		—			279.1
Deferred income tax benefits, net	58.5		—		60.0		(40.0		)	78.5
Non-trade amounts receivable, net	—		0.7		38.7		—			39.4
Intercompany receivables	693.7		2,370.2		776.9		(3,840.8		)	—
Prepaid expenses and other current assets	1.2		2.0		18.4		—			21.6
Total current assets	773.4		2,425.1		1,531.5		(3,880.8		)	849.2
Deferred income tax benefits, net	53.8		187.8		150.3		(0.6		)	391.3
Property, plant and equipment, net	—		21.1		236.9		—			258.0
Long-term receivables, net	—		0.1		22.7		—			22.8
Trademarks and tradenames	—		—		170.2		—			170.2
Other intangible assets, net	—		—		10.2		—			10.2
Goodwill	—		2.9		281.2		—			284.1
Investment in subsidiaries	2,495.5		1,592.2		—		(4,087.7		)	—
Intercompany notes receivable	239.5		518.9		1,538.3		(2,296.7		)	—
Other assets, net	54.7		7.8		29.2		(61.7		)	30.0
Total assets	$	3,616.9	$	4,755.9	$	3,970.5	$	(10,327.5	)	$	2,015.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	—	$	153.1	$	—		$	153.1
Short-term borrowings and current portion of long-term debt and capital lease obligations	—		—		1.9		—			1.9
Intercompany payables	1,967.0		1,462.1		411.7		(3,840.8		)	—
Accrued liabilities	24.0		119.7		295.9		(94.2		)	345.4
Total current liabilities	1,991.0		1,581.8		862.6		(3,935.0		)	500.4
Long-term debt and capital lease obligations	405.0		—		21.8		—			426.8
Intercompany notes payable	385.1		1,153.1		758.5		(2,296.7		)	—
Other liabilities	46.0		19.1		241.8		(8.1		)	298.8
Shareholders' equity	789.8		2,001.9		2,085.8		(4,087.7		)	789.8
Total liabilities and shareholders' equity	$	3,616.9	$	4,755.9	$	3,970.5	$	(10,327.5	)	$	2,015.8

Consolidating Statement of Income



	Year Ended December 31, 2011
(In millions)	Parent			Guarantor		Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—	$	2,591.1	$	(6.1	)	$	2,585.0
Other revenue	—			101.9		12.3		(114.2		)	—
Cost of products sold	—			12.4		970.4		(120.3		)	862.5
Gross margin	—			89.5		1,633.0		—			1,722.5
Delivery, sales and administrative expense	20.9			42.9		1,276.2		—			1,340.0
Re-engineering and impairment charges	—			—		7.9		—			7.9
Impairment of goodwill and intangible assets	—			—		36.1		—			36.1
Gains on disposal of assets including insurance recoveries, net	—			3.0		0.8		—			3.8
Operating (loss) income	(20.9		)	49.6		313.6		—			342.3
Interest income	2.0			33.1		10.5		(42.4		)	3.2
Interest expense	46.9			15.0		29.5		(42.4		)	49.0
Income from equity investments in subsidiaries	260.5			222.9		—		(483.4		)	—
Other expense	0.1			—		1.1		—			1.2
Income before income taxes	194.6			290.6		293.5		(483.4		)	295.3
Provision for income taxes	(23.7		)	35.6		65.1		—			77.0
Net income	$	218.3		$	255.0	$	228.4	$	(483.4	)	$	218.3

Consolidating Statement of Income



	Year Ended December 25, 2010
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,303.6	$	(3.2	)	$	2,300.4
Other revenue	—			56.9			16.0		(72.9		)	—
Cost of products sold	—			16.1			826.2		(76.1		)	766.2
Gross margin	—			40.8			1,493.4		—			1,534.2
Delivery, sales and administrative expense	17.7			49.1			1,126.3		—			1,193.1
Re-engineering and impairment charges	—			—			7.6		—			7.6
Impairment of goodwill and intangible assets	—			—			4.3		—			4.3
Gains on disposal of assets including insurance recoveries, net	—			—			0.2		—			0.2
Operating (loss) income	(17.7		)	(8.3		)	355.4		—			329.4
Interest income	2.3			32.5			7.8		(40.1		)	2.5
Interest expense	28.6			10.4			30.4		(40.1		)	29.3
Income from equity investments in subsidiaries	253.8			272.5			—		(526.3		)	—
Other expense	—			—			2.9		—			2.9
Income before income taxes	209.8			286.3			329.9		(526.3		)	299.7
Provision for income taxes	(15.8		)	27.1			62.8		—			74.1
Net income	$	225.6		$	259.2		$	267.1	$	(526.3	)	$	225.6

Consolidating Statement of Income



	Year Ended December 26, 2009
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,132.2	$	(4.7	)	$	2,127.5
Other revenue	—			98.1			8.0		(106.1		)	—
Cost of products sold	—			8.0			821.3		(110.8		)	718.5
Gross margin	—			90.1			1,318.9		—			1,409.0
Delivery, sales and administrative expense	19.0			47.7			1,052.4		—			1,119.1
Re-engineering and impairment charges	—			—			8.0		—			8.0
Impairment of goodwill and intangible assets	—			—			28.1		—			28.1
Gains on disposal of assets including insurance recoveries, net	—			—			21.9		—			21.9
Operating (loss) income	(19.0		)	42.4			252.3		—			275.7
Interest income	2.6			24.4			6.9		(31.0		)	2.9
Interest expense	32.4			13.0			17.2		(31.0		)	31.6
Income from equity investments in subsidiaries	206.3			175.2			—		(381.5		)	—
Other (income) expense	(0.1		)	(0.3		)	10.3		—			9.9
Income before income taxes	157.6			229.3			231.7		(381.5		)	237.1
Provision for income taxes	(17.5		)	23.2			56.3		—			62.0
Net income	$	175.1		$	206.1		$	175.4	$	(381.5	)	$	175.1

Condensed Consolidating Statement of Cash Flows



	Year Ended December 31, 2011
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	360.4		$	(232.0	)	$	129.5		$	16.8		$	274.7
Investing Activities:
Capital expenditures	—			(12.7		)	(61.2		)	—			(73.9		)
Proceeds from disposal of property, plant and equipment	—			—			5.0			—			5.0
Net cash used in investing activities	—			(12.7		)	(56.2		)	—			(68.9		)
Financing Activities:
Dividend payments to shareholders	(73.8		)	—			—			—			(73.8		)
Dividend payments to parent	—			—			(12.0		)	12.0			—
Net proceeds from issuance of Senior Notes	393.3			—			—			—			393.3
Proceeds from exercise of stock options	16.1			—			—			—			16.1
Repurchase of common stock	(428.6		)	—			—			—			(428.6		)
Repayment of long-term debt and capital lease obligations	(405.0		)	—			(2.4		)	—			(407.4		)
Net change in short-term debt	0.2			—			193.3			—			193.5
Debt issuance costs	(3.0		)	—			—			—			(3.0		)
Excess tax benefits from share-based payment arrangements	9.0			—			—			—			9.0
Net intercompany notes payable (receivable)	111.4			195.8			(278.4		)	(28.8		)	—
Net cash (used in) provided by financing activities	(380.4		)	195.8			(99.5		)	(16.8		)	(300.9		)
Effect of exchange rate changes on cash and cash equivalents	—			(1.4		)	(14.0		)	—			(15.4		)
Net change in cash and cash equivalents	(20.0		)	(50.3		)	(40.2		)	—			(110.5		)
Cash and cash equivalents at beginning of year	20.0			52.2			176.5			—			248.7
Cash and cash equivalents at end of period	$	—		$	1.9		$	136.3		$	—		$	138.2

Condensed Consolidating Statement of Cash Flows



	Year Ended December 25, 2010
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	437.3		$	(428.9	)	$	299.3		$	(8.2	)	$	299.5
Investing Activities:
Capital expenditures	—			(4.8		)	(51.3		)	—			(56.1		)
Proceeds from disposal of property, plant and equipment	—			—			10.0			—			10.0
Return of capital	45.0			—			—			(45.0		)	—
Net cash provided by (used in) investing activities	45.0			(4.8		)	(41.3		)	(45.0		)	(46.1		)
Financing Activities:
Dividend payments to shareholders	(63.2		)	—			—			—			(63.2		)
Dividend payments to parent	—			—			(13.2		)	13.2			—
Proceeds from exercise of stock options	16.8			—			—			—			16.8
Repurchase of common stock	(62.5		)	—			—			—			(62.5		)
Repayment of long-term debt and capital lease obligations	—			—			(2.2		)	—			(2.2		)
Net change in short-term debt	—			—			0.2			—			0.2
Excess tax benefits from share-based payment arrangements	7.0			—			—			—			7.0
Net intercompany notes (receivable) payable	(360.4		)	485.8			(120.4		)	(5.0		)	—
Return of capital to parent	—			—			(45.0		)	45.0			—
Net cash (used in) provided by financing activities	(462.3		)	485.8			(180.6		)	53.2			(103.9		)
Effect of exchange rate changes on cash and cash equivalents	—			(9.3		)	(3.9		)	—			(13.2		)
Net change in cash and cash equivalents	20.0			42.8			73.5			—			136.3
Cash and cash equivalents at beginning of year	—			9.4			103.0			—			112.4
Cash and cash equivalents at end of period	$	20.0		$	52.2		$	176.5		$	—		$	248.7

Condensed Consolidating Statement of Cash Flows



	Year Ended December 26, 2009
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	218.9		$	(34.4	)	$	340.3		$	(273.9	)	$	250.9
Investing Activities:
Capital expenditures	—			(4.7		)	(41.7		)	—			(46.4		)
Proceeds from disposal of property, plant and equipment	—			—			8.8			—			8.8
Proceeds from insurance recoveries	—			—			10.7			—			10.7
Return of capital	56.1			—			—			(56.1		)	—
Net cash provided by (used in) investing activities	56.1			(4.7		)	(22.2		)	(56.1		)	(26.9		)
Financing Activities:
Dividend payments to shareholders	(55.0		)	—			—			—			(55.0		)
Dividend payments to parent	—			(70.4		)	(144.5		)	214.9			—
Proceeds from exercise of stock options	39.4			—			—			—			39.4
Repurchase of common stock	(83.2		)	—			—			—			(83.2		)
Repayment of long-term debt and capital lease obligations	(140.0		)	—			(1.8		)	—			(141.8		)
Net change in short-term debt	(1.9		)	8.7			(8.7		)	—			(1.9		)
Excess tax benefits from share-based payment arrangements	14.7			—			—			—			14.7
Net intercompany notes (receivable) payable	(49.0		)	100.3			(110.3		)	59.0			—
Return of capital to parent	—			—			(56.1		)	56.1			—
Net cash (used in) provided by financing activities	(275.0		)	38.6			(321.4		)	330.0			(227.8		)
Effect of exchange rate changes on cash and cash equivalents	—			(2.2		)	(6.4		)	—			(8.6		)
Net change in cash and cash equivalents	—			(2.7		)	(9.7		)	—			(12.4		)
Cash and cash equivalents at beginning of year	—			12.1			112.7			—			124.8
Cash and cash equivalents at end of period	$	—		$	9.4		$	103.0		$	—		$	112.4