8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 30, 2009

________________________

BRUNSWICK CORPORATION

(Exact Name of Registrant Specified in Charter)

Delaware	001-01043	36-0848180
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

1 N. Field Court Lake Forest, Illinois	60045-4811
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (847) 735-4700

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240, 14d-2(b))
[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240, 13e-4(c))

Item 2.02.                                Results of Operations and Financial Condition.

On April 30, 2009, Brunswick Corporation (“Brunswick”) announced its financial results for the first quarter of 2009. The news release issued by Brunswick announcing its first quarter 2009 earnings is incorporated herein by reference and is included as Exhibit 99.1 to this Current Report on Form 8-K.

In the news release, Brunswick uses non-GAAP financial measures. For purposes of SEC Regulation G, a “non-GAAP financial measure” is a numerical measure of a registrant’s historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows of the issuer; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Operating and statistical measures and certain ratios and other statistical measures are not non-GAAP financial measures. GAAP refers to generally accepted accounting principles in the United States.

Brunswick has used the financial measures that are included in the news release for several years, both in presenting its results to stockholders and the investment community and in its internal evaluation and management of its businesses. Brunswick’s management believes that these measures (including those that are “non-GAAP financial measures”) and the information they provide are useful to investors because they permit investors to view Brunswick’s performance using the same tools that Brunswick uses and to better evaluate Brunswick’s ongoing business performance.  Brunswick’s management believes that the non-GAAP financial measure “free cash flow” is also useful to investors because it is an indication of cash flow that may be available for investment in future growth initiatives. Brunswick defines free cash flow as cash flow from operating and investing activities (excluding cash used for acquisitions and investments) and excluding financing activities.

The information in this report and the exhibit attached hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01.  Financial Statements and Exhibits.

(d)           Exhibits:

Exhibit No.	Description of Exhibit
99.1	News Release dated April 30, 2009, of Brunswick Corporation, announcing its first quarter 2009 earnings.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BRUNSWICK CORPORATION
Dated: April 30, 2009	By:	/s/ ALAN L. LOWE
		Name: Alan L. Lowe Title:   Vice President and Controller

3

EXHIBIT INDEX:

Exhibit No.	Description of Exhibit
99.1	News Release dated April 30, 2009, of Brunswick Corporation, announcing its first quarter 2009 earnings.

4

EX-99.1

Exhibit 99.1

 Brunswick Corporation  1 N. Field Court  Lake Forest, IL 60045

 Telephone 847.735.4700  Facsimile 847.735.4750

 www.brunswick.com

Release:	IMMEDIATE
Contact:	Bruce Byots
	Vice President – Corporate and Investor Relations
Phone:	847.735.4612

Contact:	Daniel Kubera
	Director – Media Relations and Corporate Communications
Phone:	847.735.4617
Email:	daniel.kubera@brunswick.com

BRUNSWICK REPORTS FIRST QUARTER RESULTS

WEAK MARKET CONDITIONS CONTINUE;

COMPANY MAINTAINS FOCUS ON CASH FLOW

LAKE FOREST, Ill., April 30, 2009 -- Brunswick Corporation (NYSE: BC) reported today results for the first quarter of 2009:

● Total sales of $734.7 million were down 45 percent versus 2008, primarily the result of marine sales that dropped by 52 percent from year-ago levels.

● A net loss of $184.2 million, or $2.08 per diluted share, which includes $39.6 million, or $0.45 per diluted share, of restructuring charges and $0.40 per diluted share of non-cash charges for special tax items.

● Cash on hand at quarter’s end was $359.1 million, up from the 2008 year-end balance of $317.5 million. The revolving credit facility remained undrawn throughout the quarter.

● Total restructuring charges for 2009 are estimated to be approximately $75 million, or $0.85 per diluted share.

●   The company expects to generate additional 2009 cost reductions of approximately $40 million, aggregating to savings of $240 million for the year versus the $200 million of savings previously announced.

     “Our businesses continued to be under pressure from a variety of harsh economic factors that affected both domestic and international demand for our products, especially in our recreational marine markets,” said Brunswick’s Chairman and Chief Executive Officer Dustan E. McCoy.

“The year began as expected with the continuation of unprecedented low levels of demand experienced in the second half of 2008, especially during the fourth quarter.  Retail demand for marine products was impacted in the first quarter of 2009 by declining consumer confidence and the tightening of consumer credit terms by national lenders.  As our dealers work through this difficult economic climate, we continue to reduce our wholesale shipments to reduce the number of boats and engines on their showroom floors.  Additionally, we experienced lower equipment orders from our fitness and bowling products customers,” McCoy said.

 “Although these factors had a negative effect on our revenues and earnings, we are successfully managing our businesses for cash and maintained excellent levels of liquidity throughout the quarter.  This was demonstrated by the $359 million of cash on our balance sheet at the end of the quarter, a $42 million increase from year-end levels,” McCoy added.

First Quarter Results

For the first quarter of 2009, the company reported net sales of $734.7 million, down from $1,346.8 million a year earlier.  For the quarter, the company reported an operating loss of $127.5 million, which included $39.6 million of restructuring charges.  In the first quarter of 2008, the company had operating earnings of $10.3 million, which included $22.2 million of restructuring charges.

For the first quarter of 2009, Brunswick reported a net loss of $184.2 million, or $2.08 per diluted share, as compared with net earnings of $13.3 million, or $0.15 per diluted share, for the first quarter of 2008.  Diluted loss per share for the first quarter of 2009 included restructuring charges of $39.6 million, or $0.45 per diluted share, and a $0.40 per diluted share charge for special tax items, primarily related to increases in state and foreign deferred tax valuation allowances resulting from cumulative losses reported by the company.  Diluted earnings per share, for the first quarter of 2008, included $22.2 million, or $0.16 per diluted share, of restructuring charges and an investment sale gain of $0.10 per diluted share.

Change in Segment Reporting

During the first quarter of 2009, the company realigned the management of its marine service, parts and accessories businesses.  The Boat segment’s parts and accessories businesses of Attwood, Land ‘N’ Sea, Benrock, Inc., Kellogg Marine, Inc. and Diversified Marine Products, L.P. are now being managed by the Marine Engine segment’s service and parts business leaders.  As a result, the marine service, parts and accessories operating results previously reported in the Boat segment are now being reported in the Marine Engine segment and the results for 2007 and 2008 have been restated (by quarter) to reflect this change and are attached as an appendix to this news release.

Marine Engine Segment

The Marine Engine segment, consisting of the Mercury Marine Group, including the marine service, parts and accessories businesses, reported net sales of $343.9 million in the first quarter of 2009, down 45 percent from $628.6 million in the year-ago first quarter.  International sales, which represented 43 percent of total segment sales (net of Marine eliminations) in the quarter, declined by 45 percent on a year-to-year basis.  For the quarter, the Marine Engine segment reported an operating loss of $50.6 million, including restructuring charges of $11.7 million.  This compares with operating earnings of $33.6 million in the year-ago quarter, including $1.5 million of restructuring charges.

Sales were off across all Marine Engine operations with sterndrive engines experiencing a greater sales decline than outboard engines.  However, sales from the marine service, parts and accessories businesses were down significantly less than our other marine businesses.

                Mercury’s manufacturing facilities continued to cut production rates and take plant furloughs during the quarter in response to lower retail demand and to reduce pipeline levels.  Lower sales and reduced fixed-cost absorption on lower production had an adverse effect on operating earnings, which were partially offset by reduced expenses.

Boat Segment

The Boat segment is comprised of the Brunswick Boat Group and includes 17 boat brands.  The Boat segment reported net sales for the first quarter of 2009 of $205.3 million, down 64 percent compared with $565.6 million in the first quarter of 2008.   International sales, which represented 40 percent of total segment sales in the quarter, decreased by 59 percent during the period.  For the first quarter of 2009, the Boat segment reported an operating loss of $72.3 million, including restructuring charges of $25.0 million.  This compares with an operating loss of $17.4 million, including restructuring charges of $13.8 million in the first quarter of 2008.

Boat manufacturing facilities also continued to significantly cut production rates and take plant furloughs during the quarter to address inventory levels held throughout the pipeline.  Lower sales and reduced fixed-cost absorption on lower production had an adverse effect on operating earnings, which were partially offset by reduced expenses.

Fitness Segment

The Fitness segment is comprised of the Life Fitness Division, which manufactures and sells Life Fitness and Hammer Strength fitness equipment.  Fitness segment sales in the first quarter of 2009 totaled $118.6 million, down 21 percent from $149.2 million in the year-ago quarter.  International sales, which represented 45 percent of total segment sales in the quarter, declined by 16 percent on a year-to-year basis.   For the quarter, the Fitness segment reported operating earnings of $0.3 million, including $1.0 million of restructuring charges.  This compares with operating earnings of $8.1 million in the year-ago quarter.

Commercial equipment sales, which account for the largest percentage of Fitness segment sales, declined in the quarter as gym and fitness club operators remained cautious about ordering equipment.  Sales of consumer exercise equipment were down even more year-over-year, reflecting the effects of the weak economy.  Operating earnings reflected the unfavorable effect of the reduced sales, which was partially mitigated by reduced expenses.

Bowling & Billiards Segment

The Bowling & Billiards segment is comprised of Brunswick retail bowling centers; bowling equipment and products; and billiards, Air Hockey and foosball tables.   Segment sales in the first quarter of 2009 totaled $99.9 million, down 12 percent compared with $113.6 million in the year-ago quarter.  For the quarter, the segment reported operating earnings of $10.6 million, including restructuring charges of $0.8 million.  This compares with operating earnings of $0.9 million, including restructuring charges of $5.6 million in the first quarter of 2008.

Retail bowling revenues declined by mid-single digits during the quarter.  The bowling products and billiards businesses experienced greater sales declines, as bowling center operators and billiards retail customers remained cautious about purchases.  Operating earnings benefited from cost reductions and lower restructuring charges in the segment, partially offset by lower revenue levels.

Outlook

“We are not planning for any meaningful economic recovery in 2009 and our near-term focus remains clear, which is to: maintain strong liquidity without additional borrowings, take all appropriate actions to maintain dealer health and position ourselves to exit this global downturn as a stronger company,” McCoy said.

“Our plan requires that we continue to: (1) manage our businesses for cash, with a focus on inventory reductions, (2) produce and sell at wholesale below retail sales levels, (3) evaluate our cost structure and take the appropriate actions necessary to match the overall demand in the marketplace and (4) execute against our core strategic platforms, which will enable us to advance in our industries and maintain our leading brands and market position.

“Our full-year 2009 results will be negatively affected by lower sales levels, reduced fixed-cost absorption, and higher pension-related expenses when compared with 2008, as well as by continuing restructuring charges. Partially offsetting these factors will be approximately $240 million of 2009 cost reductions resulting from the full-year effect of actions taken in 2008, as well as further cost reduction activities initiated or planned in 2009.  And although our 2009 earnings will be down significantly compared with 2008 earnings before restructuring charges, impairments, and special tax items, it remains our goal to exit 2009 with cash at or above the amount that we reported on our balance sheet at year-end 2008, without increased borrowings.

“As each day passes and we successfully execute against these actions, we become increasingly confident that we are well positioned to benefit from an economic recovery,” McCoy said.

Conference Call Scheduled

Brunswick will host a conference call today at 10 a.m. CDT, hosted by Dustan E. McCoy, chairman and chief executive officer, Peter B. Hamilton, senior vice president and chief financial officer, and Bruce J. Byots, vice president – corporate and investor relations.

The call will be broadcast over the Internet at www.brunswick.com.  To listen to the call, go to the Web site at least 15 minutes before the call to register, download and install any needed audio software.

    Security analysts and investors wishing to participate via telephone should call (800) 857-1754 (passcode: Brunswick Q1).  Callers outside North America should call +1 (517) 308-9227 to be connected.  These numbers can be accessed 15 minutes before the call begins, as well as during the call.  A replay of the conference call will be available through midnight CDT Thursday, May 7, 2009, by calling (888) 445-8680 or (203) 369-3155.  The replay will also be available at www.brunswick.com.

Forward-Looking Statements

Certain statements in this news release are forward looking as defined in the Private Securities Litigation Reform Act of 1995.  These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this news release.  These risks include, but are not limited to: the effect of (i) the amount of disposable income available to consumers for discretionary purchases, and (ii) the level of consumer confidence on the demand for marine, fitness, billiards and bowling equipment, products and services; the ability to successfully complete restructuring efforts in the timeframe and cost anticipated; the ability to successfully complete the disposition of non-core assets; the effect of higher product prices due to technology changes and added product features and components on consumer demand; the effect of competition from other leisure pursuits on the level of participation in boating, fitness, bowling and billiards activities; the effect of interest rates and fuel prices on demand for marine products; the ability to successfully manage pipeline inventories; the financial strength of dealers, distributors and independent boat builders; the ability to maintain mutually beneficial relationships with dealers, distributors and independent boat builders; the ability to maintain effective distribution and to develop alternative distribution channels without disrupting incumbent distribution partners; the ability to maintain market share, particularly in high-margin products; the success of new product introductions; the ability to maintain product quality and service standards expected by customers; competitive pricing pressures; the ability to develop cost-effective product technologies that comply with regulatory requirements; the ability to transition and ramp up certain manufacturing operations within time and budgets allowed; the ability to successfully develop and distribute products differentiated for the global marketplace; shifts in currency exchange rates; adverse foreign economic conditions; the success of global sourcing and supply chain initiatives; the ability to obtain components and raw materials from suppliers; increased competition from Asian competitors; competition from new technologies; the ability to complete environmental remediation efforts and resolve claims and litigation at the cost estimated; and the effect of weather conditions on demand for marine products and retail bowling center revenues.  Additional factors are included in the company’s Annual Report on Form 10-K for 2008.

About Brunswick

Headquartered in Lake Forest, Ill., Brunswick Corporation endeavors to instill "Genuine Ingenuity"(TM) in all its leading consumer brands, including Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Teignbridge propellers; Arvor, Bayliner, Bermuda, Boston Whaler, Cabo Yachts, Crestliner, Cypress Cay, Harris, Hatteras, Kayot, Lowe, Lund, Maxum, Meridian, Ornvik, Princecraft, Quicksilver, Rayglass, Sea Ray, Sealine, Triton, Trophy, Uttern and Valiant boats; Attwood marine parts and accessories; Land 'N' Sea, Kellogg Marine, Diversified Marine and Benrock parts and accessories distributors; Life Fitness and Hammer Strength fitness equipment; Brunswick bowling centers, equipment and consumer products; Brunswick billiards tables; and Dynamo, Tornado and Valley pool tables, Air Hockey and foosball tables.  For more information, visit www.brunswick.com.

Brunswick Corporation
Comparative Consolidated Statements of Operations
(in millions, except per share data)
(unaudited)
	Three Months Ended
	April 4,			March 29,			%
	2009			2008			Change
Net sales	$	734.7		$	1,346.8			-45	%
Cost of sales		643.5			1,077.3			-40	%
Selling, general and administrative expense		155.2			203.1			-24	%
Research and development expense		23.9			33.9			-29	%
Restructuring, exit and impairment charges		39.6			22.2			78	%
Operating earnings (loss)		(127.5	)		10.3		NM
Equity earnings (loss)		(3.2	)		4.8		NM
Investment sale gain		-			19.7		NM
Other income (expense), net		(1.4	)		1.1		NM
Earnings (loss) before interest and income taxes		(132.1	)		35.9		NM
Interest expense		(18.2	)		(11.5	)		-58	%
Interest income		0.5			1.4			-64	%
Earnings (loss) before income taxes		(149.8	)		25.8		NM
Income tax provision		34.4			12.5
Net earnings (loss)	$	(184.2	)	$	13.3		NM
Earnings (loss) per common share:
Basic	$	(2.08	)	$	0.15
Diluted	$	(2.08	)	$	0.15
Weighted average shares used for computation of:
Basic earnings (loss) per common share		88.4			88.2
Diluted earnings (loss) per common share		88.4			88.3
Effective tax rate (1)		-23.0	%		48.4	%
Supplemental Information
Diluted net earnings (loss)	$	(2.08	)	$	0.15
Restructuring, exit and impairment charges (2)		0.45			0.16
Investment sale gain, net of tax		-			(0.10	)
Special tax items		0.40			-
Diluted net earnings (loss), as adjusted	$	(1.23	)	$	0.21

(1)	The change in the effective tax rate in the first quarter of 2009 was primarily due to increases in state and foreign deferred tax valuation allowances resulting from cumulative losses reported by the company.
(2)	The 2009 Restructuring, exit and impairment charges assume no tax benefit, while the 2008 Restructuring, exit and impairment charges include a tax benefit.

Brunswick Corporation
Selected Financial Information
(in millions)
(unaudited)
Segment Information (1)
		Three Months Ended
		Net Sales									Operating Earnings (2)									Operating Margin
		April 4,			March 29,			%			April 4,			March 29,			%			April 4,			March 29,
		2009			2008			Change			2009			2008			Change			2009			2008
Marine Engine		$	343.9		$	628.6			-45	%	$	(50.6	)	$	33.6		NM				-14.7	%		5.3	%
Boat			205.3			565.6			-64	%		(72.3	)		(17.4	)	NM				-35.2	%		-3.1	%
Marine eliminations			(33.0	)		(110.2	)					-			-
Total Marine			516.2			1,084.0			-52	%		(122.9	)		16.2		NM				-23.8	%		1.5	%
Fitness			118.6			149.2			-21	%		0.3			8.1			-96	%		0.3	%		5.4	%
Bowling & Billiards			99.9			113.6			-12	%		10.6			0.9		NM				10.6	%		0.8	%
Corp/Other			-			-						(15.5	)		(14.9	)		-4	%
Total		$	734.7		$	1,346.8			-45	%	$	(127.5	)	$	10.3		NM				-17.4	%		0.8	%
(1)	During the first quarter of 2009, the company realigned the management of its marine service, parts and accessories businesses. The Boat segment's parts and accessories businesses of Attwood, Land 'N' Sea, Benrock, Inc., Kellog Marine, Inc. and Diversified Marine Products, L.P. are now being managed by the Marine Engine segment's service and parts business leaders. As a result, the parts and accessories businesses operating results previously reported in the Boat segment are now being reported in the Marine Engine segment. Segment results have been restated for all periods presented to reflect the change in Brunswick’s reported segments.
(2)	Operating earnings in the first quarter of 2009 include $39.6 million of pretax restructuring, exit and impairment charges. The $39.6 million charge consists of $11.7 million in the Marine Engine segment, $25.0 million in the Boat segment, $1.0 million in the Fitness segment, $0.8 million in the Bowling & Billiards segment and $1.1 million in Corp/Other. Operating earnings in the first quarter of 2008 include $22.2 million of pretax restructuring, exit and impairment charges. The $22.2 million charge consists of $1.5 million in the Marine Engine segment, $13.8 million in the Boat segment, $5.6 million in the Bowling & Billiards segment and $1.3 million in Corp/Other.

Brunswick Corporation
Comparative Condensed Consolidated Balance Sheets
(in millions)
	April 4,			December 31,			March 29,
	2009			2008			2008
	(unaudited)						(unaudited)
Assets
Current assets
Cash and cash equivalents	$	359.1		$	317.5		$	267.3
Accounts and notes receivables, net		381.9			444.8			648.8
Inventories
Finished goods		371.7			457.7			494.3
Work-in-process		232.6			248.2			346.0
Raw materials		97.0			105.8			143.9
Net inventories		701.3			811.7			984.2
Deferred income taxes		13.3			103.2			241.9
Prepaid expenses and other		48.8			59.7			57.5
Current assets		1,504.4			1,736.9			2,199.7
Net property		875.8			917.6			1,034.4
Other assets
Goodwill, net		287.8			290.9			678.4
Other intangibles, net		83.4			86.6			242.6
Investments		70.9			75.4			118.3
Other long-term assets		114.3			116.5			138.0
Other assets		556.4			569.4			1,177.3
Total assets	$	2,936.6		$	3,223.9		$	4,411.4
Liabilities and shareholders' equity
Current liabilities
Short-term debt	$	2.4		$	3.2		$	0.9
Accounts payable		238.2			301.3			488.0
Accrued expenses		653.7			696.7			832.2
Current liabilities		894.3			1,001.2			1,321.1
Long-term debt		728.1			728.5			729.1
Other long-term liabilities		766.9			764.3			444.2
Common shareholders' equity		547.3			729.9			1,917.0
Total liabilities and shareholders' equity	$	2,936.6		$	3,223.9		$	4,411.4
Supplemental Information
Debt-to-capitalization rate		57.2	%		50.1	%		27.6	%

Brunswick Corporation
Comparative Condensed Consolidated Statements of Cash Flows
(in millions)
(unaudited)
	Three Months Ended
	April 4,			March 29,
	2009			2008
Cash flows from operating activities
Net earnings (loss)	$	(184.2	)	$	13.3
Depreciation and amortization		41.6			44.3
Deferred income taxes		35.0			9.4
Changes in non-cash current assets and current liabilities		79.4			(136.6	)
Impairment charges		4.0			8.4
Income taxes		69.1			(1.2	)
Other, net		5.6			(11.7	)
Net cash provided by (used for) operating activities		50.5			(74.1	)
Cash flows from investing activities
Capital expenditures		(7.2	)		(28.3	)
Investments		(1.4	)		(4.1	)
Proceeds from investment sale		-			40.4
Proceeds from sale of property, plant and equipment		0.9			1.7
Other, net		(0.2	)		0.2
Net cash provided by (used for) investing activities		(7.9	)		9.9
Cash flows from financing activities
Net issuances (repayments) of short-term debt		(0.7	)		0.3
Payments of long-term debt including current maturities		(0.3	)		(0.2	)
Net cash provided by (used for) financing activities		(1.0	)		0.1
Net increase (decrease) in cash and cash equivalents		41.6			(64.1	)
Cash and cash equivalents at beginning of period		317.5			331.4
Cash and cash equivalents at end of period	$	359.1		$	267.3
Free Cash Flow
Net cash provided by (used for) operating activities	$	50.5		$	(74.1	)
Net cash provided by (used for):
Capital expenditures		(7.2	)		(28.3	)
Proceeds from investment sale		-			40.4
Proceeds from sale of property, plant and equipment		0.9			1.7
Other, net		(0.2	)		0.2
Total free cash flow	$	44.0		$	(60.1	)

Brunswick Corporation															Appendix
Segment Restatement
2007 - 2008
(in millions)
(unaudited)
	First Quarter - Year to Date
	Net Sales						Operating Earnings						Restructuring
	2007			2008			2007			2008			2007		2008
Marine Engine	$	635.9		$	628.6		$	39.4		$	33.6		$	3.4	$	1.5
Boat		623.9			565.6			14.8			(17.4	)		4.2		13.8
Marine eliminations		(124.4	)		(110.2	)		-			-			-		-
Total Marine		1,135.4			1,084.0			54.2			16.2			7.6		15.3
Fitness		145.0			149.2			8.1			8.1			-		-
Bowling & Billiards		105.8			113.6			8.3			0.9			-		5.6
Eliminations		(0.1	)		-			-			-			-		-
Corporate/Other		-			-			(17.6	)		(14.9	)		-		1.3
Total	$	1,386.1		$	1,346.8		$	53.0		$	10.3		$	7.6	$	22.2

Brunswick Corporation															Appendix
Segment Restatement
2007 - 2008
(in millions)
(unaudited)
	Second Quarter - Year to Date
	Net Sales						Operating Earnings						Restructuring
	2007			2008			2007			2008			2007		2008
Marine Engine	$	1,397.6		$	1,352.2		$	128.2		$	92.5		$	3.4	$	19.1
Boat		1,251.0			1,157.3			25.6			(59.6	)		5.2		51.4
Marine eliminations		(237.5	)		(207.2	)		-			-			-		-
Total Marine		2,411.1			2,302.3			153.8			32.9			8.6		70.5
Fitness		289.0			306.1			15.5			16.3			-		1.3
Bowling & Billiards		209.0			224.0			5.6			(18.9	)		-		25.4
Eliminations		(0.1	)		(0.2	)		-			-			-		-
Corporate/Other		-			-			(35.6	)		(37.2	)		0.1		8.1
Total	$	2,909.0		$	2,832.2		$	139.3		$	(6.9	)	$	8.7	$	105.3
	Second Quarter - Quarter to Date
	Net Sales						Operating Earnings						Restructuring
	2007			2008			2007			2008			2007		2008
Marine Engine	$	761.7		$	723.6		$	88.8		$	58.9		$	-	$	17.6
Boat		627.1			591.7			10.8			(42.2	)		1.0		37.6
Marine eliminations		(113.1	)		(97.0	)		-			-			-		-
Total Marine		1,275.7			1,218.3			99.6			16.7			1.0		55.2
Fitness		144.0			156.9			7.4			8.2			-		1.3
Bowling & Billiards		103.2			110.4			(2.7	)		(19.8	)		-		19.8
Eliminations		-			(0.2	)		-			-			-		-
Corporate/Other		-			-			(18.0	)		(22.3	)		0.1		6.8
Total	$	1,522.9		$	1,485.4		$	86.3		$	(17.2	)	$	1.1	$	83.1

Brunswick Corporation															Appendix
Segment Restatement
2007 - 2008
(in millions)
(unaudited)
	Third Quarter - Year to Date
	Net Sales						Operating Earnings						Restructuring
	2007			2008			2007			2008			2007		2008
Marine Engine	$	2,040.2		$	1,867.4		$	177.4		$	82.8		$	4.8	$	37.7
Boat		1,780.2			1,471.5			(66.4	)		(595.9	)		74.9		543.0
Marine eliminations		(347.8	)		(270.6	)		-			-			-		-
Total Marine		3,472.6			3,068.3			111.0			(513.1	)		79.7		580.7
Fitness		439.2			467.7			27.3			26.6			-		2.1
Bowling & Billiards		323.6			335.1			5.4			(29.3	)		-		40.8
Eliminations		(0.2	)		(0.1	)		-			-			-		-
Corporate/Other		-			-			(50.7	)		(57.4	)		0.1		15.9
Total	$	4,235.2		$	3,871.0		$	93.0		$	(573.2	)	$	79.8	$	639.5
	Third Quarter - Quarter to Date
	Net Sales						Operating Earnings						Restructuring
	2007			2008			2007			2008			2007		2008
Marine Engine	$	642.6		$	515.2		$	49.2		$	(9.7	)	$	1.4	$	18.6
Boat		529.2			314.2			(92.0	)		(536.3	)		69.7		491.6
Marine eliminations		(110.3	)		(63.4	)		-			-			-		-
Total Marine		1,061.5			766.0			(42.8	)		(546.0	)		71.1		510.2
Fitness		150.2			161.6			11.8			10.3			-		0.8
Bowling & Billiards		114.6			111.1			(0.2	)		(10.4	)		-		15.4
Eliminations		(0.1	)		0.1			-			-			-		-
Corporate/Other		-			-			(15.1	)		(20.2	)		-		7.8
Total	$	1,326.2		$	1,038.8		$	(46.3	)	$	(566.3	)	$	71.1	$	534.2

Brunswick Corporation															Appendix
Segment Restatement
2007 - 2008
(in millions)
(unaudited)
	Fourth Quarter - Year to Date
	Net Sales						Operating Earnings						Restructuring
	2007			2008			2007			2008			2007		2008
Marine Engine	$	2,639.5		$	2,207.6		$	195.8		$	69.9		$	4.8	$	36.9
Boat		2,367.5			1,719.5			(93.5	)		(655.3	)		80.9		582.4
Marine eliminations		(436.2	)		(306.0	)		-			-			-		-
Total Marine		4,570.8			3,621.1			102.3			(585.4	)		85.7		619.3
Fitness		653.7			639.5			59.7			52.2			-		3.3
Bowling & Billiards		446.9			448.3			16.5			(12.7	)		2.8		44.6
Eliminations		(0.2	)		(0.2	)		-			-			-		-
Corporate/Other		-			-			(71.3	)		(65.7	)		0.1		21.2
Total	$	5,671.2		$	4,708.7		$	107.2		$	(611.6	)	$	88.6	$	688.4
	Fourth Quarter - Quarter to Date
	Net Sales						Operating Earnings						Restructuring
	2007			2008			2007			2008			2007		2008
Marine Engine	$	599.3		$	340.2		$	18.4		$	(12.9	)	$	-	$	(0.8	)
Boat		587.3			248.0			(27.1	)		(59.4	)		6.0		39.4
Marine eliminations		(88.4	)		(35.4	)		-			-			-		-
Total Marine		1,098.2			552.8			(8.7	)		(72.3	)		6.0		38.6
Fitness		214.5			171.8			32.4			25.6			-		1.2
Bowling & Billiards		123.3			113.2			11.1			16.6			2.8		3.8
Eliminations		-			(0.1	)		-			-			-		-
Corporate/Other		-			-			(20.6	)		(8.3	)		-		5.3
Total	$	1,436.0		$	837.7		$	14.2		$	(38.4	)	$	8.8	$	48.9