QUARTERLY FINANCIAL INFORMATION (Unaudited)

12 Months Ended

Dec. 29, 2012

QUARTERLY FINANCIAL INFORMATION (Unaudited)

QUARTERLY FINANCIAL INFORMATION (Unaudited)

NOTE 14. QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

(In millions, except per share data)	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
2012
Net sales	$	1,483.3		$	1,532.3	$	1,487.8	$	1,532.2
Gross profit		387.6			399.8		392.0		397.7
Income from continuing operations		46.3			51.3		38.1		33.4
Income (loss) from discontinued operations, net of tax		(2.4	)		12.9		20.2		15.6
Net income		43.9			64.2		58.3		49.0
Net income (loss) per common share:
Continuing operations		.44			.50		.38		.33
Discontinued operations		(.02	)		.12		.20		.16
Net income per common share		.42			.62		.58		.49
Net income (loss) per common share, assuming dilution:
Continuing operations		.44			.49		.37		.33
Discontinued operations		(.03	)		.13		.20		.15
Net income per common share, assuming dilution		.41			.62		.57		.48
2011
Net sales	$	1,526.5		$	1,544.8	$	1,500.4	$	1,454.6
Gross profit		399.5			396.4		366.9		358.6
Income from continuing operations		36.9			53.1		35.4		29.0
Income (loss) from discontinued operations, net of tax		7.9			20.2		14.4		(6.8	)
Net income		44.8			73.3		49.8		22.2
Net income (loss) per common share:
Continuing operations		.35			.50		.33		.27
Discontinued operations		.08			.19		.14		(.06	)
Net income per common share		.43			.69		.47		.21
Net income (loss) per common share, assuming dilution:
Continuing operations		.35			.50		.33		.27
Discontinued operations		.07			.19		.14		(.06	)
Net income per common share, assuming dilution		.42			.69		.47		.21

"Other expense, net" is presented by type for each quarter below:

(In millions)	First Quarter			Second Quarter			Third Quarter		Fourth Quarter
2012
Restructuring costs:
Severance and related costs	$	5.8		$	9.8		$	17.6	$	16.4
Asset impairment and lease cancellation charges		1.5			.7			1.5		3.1
Other items:
Indefinite-lived intangible asset impairment charge		–			–			–		7.0
Gain on sale of product line		–			(.6	)		–		–
Costs associated with exiting product lines		–			–			2.1		1.8
OCP divestiture-related costs (1)		.4			1.6			.7		–
Other expense, net	$	7.7		$	11.5		$	21.9	$	28.3
2011
Restructuring costs:
Severance and related costs	$	2.7		$	7.2		$	14.6	$	11.0
Asset impairment and lease cancellation charges		3.3			.1			.3		5.3
Other items:
Gain on sale of product line		–			–			–		(5.6	)
Loss from debt extinguishments		–			–			–		.7
Legal settlements		(1.7	)		–			.5		–
OCP divestiture-related costs (1)		–			1.0			2.7		4.5
Other expense, net	$	4.3		$	8.3		$	18.1	$	15.9

(1)

Represents the portion in continuing operations.