Note 1. General

The unaudited Condensed Consolidated Financial Statements and notes in this Quarterly Report on Form 10-Q are presented as permitted by Article 10 of Regulation S-X and do not contain certain information included in the audited Consolidated Financial Statements and notes thereto in our 2014 Annual Report on Form 10-K, which should be read in conjunction with this Quarterly Report on Form 10-Q. The accompanying unaudited Condensed Consolidated Financial Statements include normal recurring adjustments necessary for a fair statement of our interim results. Interim results of operations are not necessarily indicative of future results.

Fiscal Period

The third quarters of 2015 and 2014 consisted of thirteen-week periods ending October 3, 2015 and September 27, 2014, respectively. The nine months ended October 3, 2015 and September 27, 2014 consisted of thirty-nine-week periods.

Prior Period Financial Statement Revision

During the third quarter of 2015, we determined that certain of our benefit plans were not properly accounted for since their inception between 1984 and 1988. These plans were frozen between 1994 and 2003.

We assessed the materiality of these errors on prior periods’ financial statements in accordance with the United States Securities and Exchange Commission (“SEC”) Staff Accounting Bulletin (“SAB”) No. 99, Materiality, codified in the Accounting Standards Codification (“ASC”) 250, Presentation of Financial Statements, and concluded that they were not material to any prior annual or interim periods. However, the aggregate amount of the prior period errors of approximately $24 million would have been material to our current interim Condensed Consolidated Statements of Income. Consequently, in accordance with ASC 250 (SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements), we have corrected these errors for all prior periods presented by revising the condensed consolidated financial statements and other financial information included herein. We also corrected the timing of immaterial previously recorded out-of-period adjustments and reflected them in the revised prior period financial statements, where applicable. Periods not presented herein will be revised, as applicable, in future filings.

The effects of this revision on our unaudited Condensed Consolidated Balance Sheets are as follows:

(In millions)	As Previously Reported January 3, 2015		Adjustment		As Revised January 3, 2015

Non-current deferred income taxes	$	311.0	$	9.9	$	320.9
Total assets	4,360.2		9.9		4,370.1

Long-term retirement benefits and other liabilities	622.8		25.5		648.3
Retained earnings	2,137.1		(20.6)		2,116.5
Accumulated other comprehensive loss	(547.3)		5.0		(542.3		)
Total shareholders’ equity	1,066.5		(15.6)		1,050.9
Total liabilities and shareholders’ equity	4,360.2		9.9		4,370.1

The effects of this revision on our unaudited Condensed Consolidated Statements of Income are as follows:

	Three Months Ended									Nine Months Ended
	September 27, 2014									September 27, 2014
(In millions)	As Previously Reported			Adjustment			As Revised			As Previously Reported			Adjustment			As Revised
Marketing, general and administrative expense	$	276.3		$	2.1		$	278.4		$	870.0		$	3.1		$	873.1
Income from continuing operations before taxes	101.2			(2.1		)	99.1			266.1			(3.1		)	263.0
Provision for income taxes	36.2			2.0			38.2			85.1			.4			85.5
Income from continuing operations	65.0			(4.1		)	60.9			181.0			(3.5		)	177.5
Loss from discontinued operations, net of tax	(.7		)	–			(.7		)	(3.0		)	–			(3.0		)
Net income	64.3			(4.1		)	60.2			178.0			(3.5		)	174.5

Per share amounts:
Net income (loss) per common share:
Continuing operations	$	.70		$	(.05	)	$	.65		$	1.91		$	(.04	)	$	1.87
Discontinued operations	(.01		)	.01			–			(.03		)	–			(.03		)

Net income per common share	$	.69		$	(.04	)	$	.65		$	1.88		$	(.04	)	$	1.84

Net income (loss) per common share, assuming dilution:
Continuing operations	$	.68		$	(.04	)	$	.64		$	1.87		$	(.03	)	$	1.84
Discontinued operations	–			(.01		)	(.01		)	(.03		)	–			(.03		)

Net income per common share, assuming dilution	$	.68		$	(.05	)	$	.63		$	1.84		$	(.03	)	$	1.81


The effects of this revision on our unaudited Condensed Consolidated Statements of Comprehensive Income are as follows:

	Three Months Ended									Nine Months Ended
	September 27, 2014									September 27, 2014

(In millions)	As Previously Reported			Adjustment			As Revised			As Previously Reported			Adjustment			As Revised

Net income	$	64.3		$	(4.1	)	$	60.2		$	178.0		$	(3.5	)	$	174.5
Pension and other postretirement benefits	5.7			–			5.7			16.6			5.0			21.6
Other comprehensive loss, before tax	(73.3		)	–			(73.3		)	(67.0		)	5.0			(62.0		)
Income tax expense related to components of other comprehensive loss	1.7			(1.0		)	.7			5.5			.9			6.4
Other comprehensive loss, net of tax	(75.0		)	1.0			(74.0		)	(72.5		)	4.1			(68.4		)
Total comprehensive (loss) income, net of tax	(10.7		)	(3.1		)	(13.8		)	105.5			.6			106.1