Guarantor Information

The Company's payment obligations under the Senior Notes are fully and unconditionally guaranteed, on a senior secured basis, by the Guarantor. The guarantee is secured 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 27, 2014 and December 28, 2013 and for the years ended December 27, 2014, December 28, 2013 and December 29, 2012 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 that are eliminated upon consolidation. 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.

Consolidating Statement of Income



	Year ended December 27, 2014
(In millions)	Parent			Guarantor		Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—	$	2,613.9	$	(7.8	)	$	2,606.1
Other revenue	—			138.5		25.9		(164.4		)	—
Cost of products sold	—			25.9		1,020.8		(162.7		)	884.0
Gross margin	—			112.6		1,619.0		(9.5		)	1,722.1
Delivery, sales and administrative expense	19.5			67.1		1,269.0		(9.5		)	1,346.1
Re-engineering and impairment charges	—			0.1		10.9		—			11.0
Gains on disposal of assets including insurance recoveries, net	—			—		2.7		—			2.7
Operating income (loss)	(19.5		)	45.4		341.8		—			367.7
Interest income	0.4			28.9		4.4		(30.7		)	3.0
Interest expense	36.3			20.7		20.2		(30.7		)	46.5
Income from equity investments in subsidiaries	250.3			217.4		—		(467.7		)	—
Other expense	—			0.2		25.8		—			26.0
Income before income taxes	194.9			270.8		300.2		(467.7		)	298.2
Provision for income taxes	(19.5		)	20.8		82.5		—			83.8
Net income	$	214.4		$	250.0	$	217.7	$	(467.7	)	$	214.4
Comprehensive income	$	122.5		$	160.9	$	166.4	$	(327.3	)	$	122.5

Consolidating Statement of Income



	Year ended December 28, 2013
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,679.0	$	(7.4	)	$	2,671.6
Other revenue	—			124.6			18.3		(142.9		)	—
Cost of products sold	—			18.3			1,012.3		(140.8		)	889.8
Gross margin	—			106.3			1,685.0		(9.5		)	1,781.8
Delivery, sales and administrative expense	20.8			72.0			1,286.4		(9.5		)	1,369.7
Re-engineering and impairment charges	—			—			9.3		—			9.3
Gains on disposal of assets including insurance recoveries, net	—			—			0.7		—			0.7
Operating income (loss)	(20.8		)	34.3			390.0		—			403.5
Interest income	0.4			30.9			7.4		(36.1		)	2.6
Interest expense	33.8			19.8			22.7		(36.1		)	40.2
Income from equity investments in subsidiaries	308.9			280.9			—		(589.8		)	—
Other expense (income)	—			(0.1		)	5.6		—			5.5
Income before income taxes	254.7			326.4			369.1		(589.8		)	360.4
Provision for income taxes	(19.5		)	18.7			87.0		—			86.2
Net income	$	274.2		$	307.7		$	282.1	$	(589.8	)	$	274.2
Comprehensive income	$	228.7		$	262.7		$	249.4	$	(512.1	)	$	228.7

Consolidating Statement of Income



	Year ended December 29, 2012
(In millions)	Parent			Guarantor		Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—	$	2,591.3	$	(7.5	)	$	2,583.8
Other revenue	—			128.2		30.8		(159.0		)	—
Cost of products sold	—			30.9		992.0		(166.5		)	856.4
Gross margin	—			97.3		1,630.1		—			1,727.4
Delivery, sales and administrative expense	21.7			55.4		1,252.4		—			1,329.5
Re-engineering and impairment charges	—			—		22.4		—			22.4
Impairment of goodwill and intangible assets	—			—		76.9		—			76.9
Gains on disposal of assets including insurance recoveries, net	—			0.5		7.4		—			7.9
Operating income (loss)	(21.7		)	42.4		285.8		—			306.5
Interest income	1.6			30.9		4.9		(34.9		)	2.5
Interest expense	28.1			20.4		21.3		(34.9		)	34.9
Income from equity investments in subsidiaries	223.8			180.8		—		(404.6		)	—
Other expense	—			1.0		0.3		—			1.3
Income before income taxes	175.6			232.7		269.1		(404.6		)	272.8
Provision for income taxes	(17.4		)	11.2		86.0		—			79.8
Net income	$	193.0		$	221.5	$	183.1	$	(404.6	)	$	193.0
Comprehensive income	$	217.2		$	248.8	$	178.6	$	(427.4	)	$	217.2

Condensed Consolidating Balance Sheet



	December 27, 2014
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	—	$	77.0	$	—		$	77.0
Accounts receivable, net	—		—		168.1		—			168.1
Inventories	—		—		306.0		—			306.0
Deferred income tax benefits, net	6.2		36.9		75.7		—			118.8
Non-trade amounts receivable, net	0.1		9.2		90.7		(38.2		)	61.8
Intercompany receivables	11.8		755.2		227.6		(994.6		)	—
Prepaid expenses and other current assets	1.4		1.8		101.8		(83.1		)	21.9
Total current assets	19.5		803.1		1,046.9		(1,115.9		)	753.6
Deferred income tax benefits, net	97.5		189.2		130.0		—			416.7
Property, plant and equipment, net	—		43.7		246.6		—			290.3
Long-term receivables, net	—		0.1		17.2		—			17.3
Trademarks and tradenames	—		—		104.2		—			104.2
Other intangible assets, net	—		—		1.5		—			1.5
Goodwill	—		2.9		161.8		—			164.7
Investments in subsidiaries	1,479.0		575.0		—		(2,054.0		)	—
Intercompany notes receivable	48.4		554.1		236.5		(839.0		)	—
Other assets, net	4.2		0.6		160.1		(130.1		)	34.8
Total assets	$	1,648.6	$	2,168.7	$	2,104.8	$	(4,139.0	)	$	1,783.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	2.6	$	140.2	$	—		$	142.8
Short-term borrowings and current portion of long-term debt and capital lease obligations	110.9		2.3		108.2		—			221.4
Intercompany payables	632.0		225.0		137.6		(994.6		)	—
Accrued liabilities	66.4		144.1		294.0		(121.3		)	383.2
Total current liabilities	809.3		374.0		680.0		(1,115.9		)	747.4
Long-term debt and capital lease obligations	602.3		—		12.9		—			615.2
Intercompany notes payable	32.5		204.0		602.5		(839.0		)	—
Other liabilities	18.7		155.5		190.6		(130.1		)	234.7
Shareholders' equity	185.8		1,435.2		618.8		(2,054.0		)	185.8
Total liabilities and shareholders' equity	$	1,648.6	$	2,168.7	$	2,104.8	$	(4,139.0	)	$	1,783.1

Condensed Consolidating Balance Sheet



	December 28, 2013
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	0.1	$	127.2	$	—		$	127.3
Accounts receivable, net	—		—		168.8		—			168.8
Inventories	—		—		313.4		—			313.4
Deferred income tax benefits, net	4.7		39.3		52.4		—			96.4
Non-trade amounts receivable, net	0.2		11.9		38.0		—			50.1
Intercompany receivables	12.0		447.0		467.3		(926.3		)	—
Prepaid expenses and other current assets	1.7		78.6		64.4		(121.7		)	23.0
Total current assets	18.6		576.9		1,231.5		(1,048.0		)	779.0
Deferred income tax benefits, net	86.2		191.1		120.6		—			397.9
Property, plant and equipment, net	—		38.6		262.3		—			300.9
Long-term receivables, net	—		0.1		23.0		—			23.1
Trademarks and tradenames	—		—		125.7		—			125.7
Other intangible assets, net	—		—		3.2		—			3.2
Goodwill	—		2.9		178.6		—			181.5
Investment in subsidiaries	1,679.9		2,333.2		—		(4,013.1		)	—
Intercompany notes receivable	53.7		585.8		1,841.9		(2,481.4		)	—
Other assets, net	5.1		8.1		36.4		(17.0		)	32.6
Total assets	$	1,843.5	$	3,736.7	$	3,823.2	$	(7,559.5	)	$	1,843.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	0.2	$	3.7	$	145.8	$	—		$	149.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	121.0		—		114.4		—			235.4
Intercompany payables	412.1		466.9		47.3		(926.3		)	—
Accrued liabilities	80.5		61.8		331.8		(121.7		)	352.4
Total current liabilities	613.8		532.4		639.3		(1,048.0		)	737.5
Long-term debt and capital lease obligations	602.6		—		17.3		—			619.9
Intercompany notes payable	349.7		1,492.2		639.5		(2,481.4		)	—
Other liabilities	24.5		31.5		194.6		(17.0		)	233.6
Shareholders' equity	252.9		1,680.6		2,332.5		(4,013.1		)	252.9
Total liabilities and shareholders' equity	$	1,843.5	$	3,736.7	$	3,823.2	$	(7,559.5	)	$	1,843.9

Condensed Consolidating Statement of Cash Flows



	Year ended December 27, 2014
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	304.7		$	1,482.7		$	96.5		$	(1,601.8	)	$	282.1
Investing Activities:
Capital expenditures	—			(14.7		)	(54.7		)	—			(69.4		)
Proceeds from disposal of property, plant and equipment	—			—			7.1			—			7.1
Net intercompany loans	5.1			(190.8		)	1,839.9			(1,654.2		)	—
Return of capital	—			604.3			—			(604.3		)	—
Net cash provided by (used in) investing activities	5.1			398.8			1,792.3			(2,258.5		)	(62.3		)
Financing Activities:
Dividend payments to shareholders	(133.5		)	—			—			—			(133.5		)
Dividend payments to parent	—			(352.0		)	(1,281.5		)	1,633.5			—
Proceeds from exercise of stock options	15.7			—			—			—			15.7
Repurchase of common stock	(92.3		)	—			—			—			(92.3		)
Repayment of long-term debt and capital lease obligations	—			—			(3.0		)	—			(3.0		)
Net change in short-term debt	(9.1		)	2.3			4.6			—			(2.2		)
Excess tax benefits from share-based payment arrangements	6.3			—			—			—			6.3
Net intercompany borrowings	(96.9		)	(1,530.4		)	4.9			1,622.4			—
Return of capital to parent	—			—			(604.3		)	604.3			—
Net cash provided by (used in) financing activities	(309.8		)	(1,880.1		)	(1,879.3		)	3,860.2			(209.0		)
Effect of exchange rate changes on cash and cash equivalents	—			(1.5		)	(59.7		)	0.1			(61.1		)
Net change in cash and cash equivalents	—			(0.1		)	(50.2		)	—			(50.3		)
Cash and cash equivalents at beginning of year	—			0.1			127.2			—			127.3
Cash and cash equivalents at end of period	$	—		$	—		$	77.0		$	—		$	77.0

Condensed Consolidating Statement of Cash Flows



	Year ended December 28, 2013
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	(66.7	)	$	53.7		$	410.9		$	(74.4	)	$	323.5
Investing Activities:
Capital expenditures	—			(14.2		)	(54.8		)	—			(69.0		)
Proceeds from disposal of property, plant and equipment	—			—			8.9			—			8.9
Net intercompany loans	27.9			(223.9		)	(193.3		)	389.3			—
Net cash provided by (used in) investing activities	27.9			(238.1		)	(239.2		)	389.3			(60.1		)
Financing Activities:
Dividend payments to shareholders	(116.8		)	—			—			—			(116.8		)
Dividend payments to parent	—			—			(94.9		)	94.9			—
Net proceeds from issuance of senior notes	200.0			—			—			—			200.0
Proceeds from exercise of stock options	21.0			—			—			—			21.0
Repurchase of common stock	(379.4		)	—			—			—			(379.4		)
Repayment of capital lease obligations	—			—			(2.5		)	—			(2.5		)
Net change in short-term debt	84.0			—			(56.2		)	—			27.8
Debt issuance costs	(2.2		)	—			—			—			(2.2		)
Excess tax benefits from share-based payment arrangements	14.5			—			—			—			14.5
Net intercompany borrowings	217.7			184.3			7.8			(409.8		)	—
Net cash provided by (used in) financing activities	38.8			184.3			(145.8		)	(314.9		)	(237.6		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(18.3		)	—			(18.3		)
Net change in cash and cash equivalents	—			(0.1		)	7.6			—			7.5
Cash and cash equivalents at beginning of year	—			0.2			119.6			—			119.8
Cash and cash equivalents at end of period	$	—		$	0.1		$	127.2		$	—		$	127.3

Condensed Consolidating Statement of Cash Flows



	Year ended December 29, 2012
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	639.8		$	97.5		$	404.0		$	(842.6	)	$	298.7
Investing Activities:
Capital expenditures	—			(10.6		)	(65.0		)	—			(75.6		)
Proceeds from disposal of property, plant and equipment	—			0.3			10.5			—			10.8
Return of capital	854.9			—			—			(854.9		)	—
Net intercompany loans	6.9			1,327.9			(247.2		)	(1,087.6		)	—
Net cash provided by (used in) investing activities	861.8			1,317.6			(301.7		)	(1,942.5		)	(64.8		)
Financing Activities:
Dividend payments to shareholders	(77.6		)	—			—			—			(77.6		)
Dividend payments to parent	—			(686.2		)	(131.7		)	817.9			—
Proceeds from exercise of stock options	12.9			—			—			—			12.9
Repurchase of common stock	(205.0		)	—			—			—			(205.0		)
Repayment of long-term debt and capital lease obligations	—			—			(2.3		)	—			(2.3		)
Net change in short-term debt	37.0			—			(31.0		)	—			6.0
Excess tax benefits from share-based payment arrangements	13.5			—			—			—			13.5
Net intercompany borrowings	(1,282.4		)	123.5			46.6			1,112.3			—
Return of capital to parent	—			(854.9		)	—			854.9			—
Net cash provided by (used in) financing activities	(1,501.6		)	(1,417.6		)	(118.4		)	2,785.1			(252.5		)
Effect of exchange rate changes on cash and cash equivalents	—			0.8			(0.6		)	—			0.2
Net change in cash and cash equivalents	—			(1.7		)	(16.7		)	—			(18.4		)
Cash and cash equivalents at beginning of year	—			1.9			136.3			—			138.2
Cash and cash equivalents at end of period	$	—		$	0.2		$	119.6		$	—		$	119.8