Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 27, 2014

Accounting Policies [Abstract]

Property, Plant and Equipment

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 were as follows:

	Weighted Average Estimated Useful Life
Indefinite-lived trademarks and tradenames	Indefinite
Definite-lived trademarks and tradenames	10 years
Sales force relationships	6 - 10 years

Schedule of Earnings Per Share

The elements of the earnings per share computations were as follows:

(In millions, except per share amounts)	2014		2013		2012
Net income	$	214.4	$	274.2	$	193.0
Weighted-average shares of common stock outstanding	50.1		51.9		55.3
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units	0.9		1.2		1.1
Weighted-average common and common equivalent shares outstanding	51.0		53.1		56.4
Basic earnings per share	$	4.28	$	5.28	$	3.49
Diluted earnings per share	$	4.20	$	5.17	$	3.42
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive	0.4		0.1		0.4