Segments

6 Months Ended

Jun. 30, 2011

Segments

Segments

Note 15 Segments

Reportable segments are based on our method of internal reporting.  We present our segment revenue as if the intercompany transactions were with third parties.  Revenue and expenses attributable to intercompany transactions are eliminated to reconcile our reportable segment amounts to consolidated amounts, as reported in our consolidated statements of operations.

Reportable Segment Financial Information:

	Successor Company
	Three months ended June 30, 2011			Three months ended June 30, 2010
Revenue
United States	$	176.7		$	177.1
Europe	145.4			151.7
Asia Pacific & Latin America	59.2			65.6
Canada	25.4			28.2
Lifestyle & Entertainment Direct	8.5			49.9
Other	4.7			6.1
Intercompany eliminations	(1.5		)	(1.7		)
Fair value adjustments (a)	(9.0		)	(40.4		)
Total revenue	$	409.4		$	436.5
Operating income (loss)
United States	$	33.1		$	39.0
Europe	13.7			30.6
Asia Pacific & Latin America	1.4			7.3
Canada	6.5			7.1
Lifestyle & Entertainment Direct	(17.2		)	5.3
Other	0.1			—
Corporate unallocated	(31.5		)	(38.4		)
Fair value adjustments (a)	(5.1		)	(27.5		)
Impairment of assets	(256.7		)	—
Other operating items, net (b)	(3.2		)	(28.1		)
Operating loss	$	(258.9	)	$	(4.7	)

(a) Fair value adjustments include the amortization of the fair value reduction to unearned revenue and related deferred cost accounts resulted from the application of fresh start accounting upon our emergence from bankruptcy.

(b) Items included in other operating items, net consist of the following:  (i) restructuring charges, representing the streamlining of our organizational structure; (ii) professional fees related to our exit from bankruptcy and the implementation of fresh start accounting; (iii) professional fees, contractual charges and other periodic costs related to the strategic repositioning of our businesses; (iv) gain or loss on the disposal of assets; and (v) pension curtailments.  See Note 4, Other Operating Items, Net.

	Successor Company						Predecessor Company
	Six months ended June 30, 2011			February 20 to June 30, 2010			January 1 to February 19, 2010
Revenue
United States	$	291.1		$	236.9		$	74.4
Europe	267.3			204.6			92.4
Asia Pacific & Latin America	116.9			93.1			34.4
Canada	48.2			37.9			15.2
Lifestyle & Entertainment Direct	38.9			74.3			36.2
Other	10.2			8.8			5.7
Intercompany eliminations	(3.3		)	(1.9		)	(0.6		)
Fair value adjustments (a)	(33.9		)	(61.0		)	—
Total revenue	$	735.4		$	592.7		$	257.7
Operating income (loss)
United States	$	31.2		$	45.1		$	3.0
Europe	2.1			37.6			(8.1		)
Asia Pacific & Latin America	3.2			11.0			0.2
Canada	7.3			6.1			1.7
Lifestyle & Entertainment Direct	(22.3		)	7.5			6.1
Other	0.6			(0.2		)	1.9
Corporate unallocated	(55.8		)	(47.8		)	(15.1		)
Fair value adjustments (a)	(22.6		)	(33.5		)	—
Impairment of assets	(256.7		)	—			—
Other operating items, net (b)	(7.8		)	(33.3		)	(14.0		)
Operating loss	$	(320.8	)	$	(7.5	)	$	(24.3	)

(a) Fair value adjustments include the amortization of the fair value reduction to unearned revenue and related deferred cost accounts resulted from the application of fresh start accounting upon our emergence from bankruptcy.

(b) Items included in other operating items, net consist of the following:  (i) restructuring charges, representing the streamlining of our organizational structure; (ii) professional fees related to our exit from bankruptcy and the implementation of fresh start accounting; (iii) professional fees, contractual charges and other periodic costs related to the strategic repositioning of our businesses; (iv) gain or loss on the disposal of assets; and (v) pension curtailments.  See Note 4, Other Operating Items, Net.