XML 54 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2011
Summary of Significant Accounting Policies [Abstract]  
Schedule of Property Plant and Equipment Depreciation Expense
Depreciation is recorded on a straight-line basis over the following estimated useful lives of the assets:
 
Years
Building and improvements
10 - 40
Molds
4 - 10
Production equipment
10 - 20
Distribution equipment
5 - 10
Computer/telecom equipment
3 - 5
Capitalized software
3 - 5
Schedule of Weighted Average Estimated Useful Lives of Intangible Assets
The weighted average estimated useful lives of the Company's intangible assets are as follows:
 
Weighted Average Estimated Useful Life
Trademarks and tradenames
Indefinite
Sales force relationships - single level
6 - 8 years
Sales force relationships - multi tier
10 - 12 years
Acquired proprietary product formulations
3 years
Schedule of Earnings Per Share
The elements of the earnings per share computations were as follows (in millions, except per share amounts):
 
2011
 
2010
 
2009
Net income
$
218.3

 
$
225.6

 
$
175.1

Less dividends declared:
 
 
 
 
 
To common shareholders
72.5

 
66.4

 
57.5

To participating security holders

 
0.2

 
0.2

Total undistributed earnings
$
145.8

 
$
159.0

 
$
117.4

Undistributed earnings to common shareholders
$
145.8

 
$
158.7

 
$
117.1

Undistributed earnings to participating security holders

 
0.3

 
0.3

Net income available to common shareholders for basic and diluted earnings per share
$
218.3

 
$
225.1

 
$
174.6

Weighted-average shares of common stock outstanding
60.0

 
62.6

 
62.4

Common equivalent shares:
 
 
 
 
 
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units
1.4

 
1.2

 
1.0

Weighted-average common and common equivalent shares outstanding
61.4

 
63.8

 
63.4

Basic earnings per share
$
3.63

 
$
3.60

 
$
2.80

Diluted earnings per share
$
3.55

 
$
3.53

 
$
2.75

Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive
0.6

 
0.5

 
1.7