DISCONTINUED OPERATIONS AND EXIT/SALE OF PRODUCT LINES (Tables)

12 Months Ended

Dec. 29, 2012

DISCONTINUED OPERATIONS AND EXIT/SALE OF PRODUCT LINES

The operating results of the OCP discontinued operations

(In millions)	2012		2011		2010
Net sales	$	726.0	$	760.4	$	809.3
Income before taxes	$	68.5	$	64.9	$	112.3
Provision for income taxes		22.2		29.2		37.2
Income from discontinued operations, net of tax	$	46.3	$	35.7	$	75.1

Carrying values of the major classes of assets and liabilities related to the OCP discontinued operations

(In millions)	2012		2011
Assets
Trade accounts receivable, net	$	119.0	$	117.7
Inventories, net		57.2		50.9
Other current assets		7.7		5.9
Total current assets		183.9		174.5
Property, plant and equipment, net		79.5		74.2
Goodwill		167.9		166.0
Other intangibles resulting from business acquisitions, net		32.5		32.9
Other assets		8.4		7.3
	$	472.2	$	454.9
Liabilities
Short-term borrowings	$	–	$	1.1
Accounts payable		31.2		34.7
Accrued payroll and employee benefits		21.2		10.9
Other accrued liabilities		91.9		94.2
Total current liabilities		144.3		140.9
Non-current liabilities		16.2		13.6
	$	160.5	$	154.5