Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2011



	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