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Guarantor Information (Tables)
3 Months Ended
Mar. 31, 2012
Condensed Consolidating Balance Sheet [Table Text Block]
Condensed Consolidating Balance Sheet
 
March 31, 2012
(In millions)
Parent
 
Guarantor
 
Non-Guarantors
 
Eliminations
 
Total
ASSETS
 

 
 

 
 
 
 
 
 
Cash and cash equivalents
$

 
$
1.3

 
$
104.4

 
$

 
$
105.7

Accounts receivable, net

 

 
191.0

 

 
191.0

Inventories

 

 
331.0

 

 
331.0

Deferred income tax benefits, net
5.5

 
45.0

 
54.7

 

 
105.2

Non-trade amounts receivable, net

 
3.3

 
37.3

 

 
40.6

Intercompany receivables
1,855.2

 
3,762.8

 
250.2

 
(5,868.2
)
 

Prepaid expenses and other current assets
1.1

 
5.3

 
92.8

 
(62.6
)
 
36.6

Total current assets
1,861.8

 
3,817.7

 
1,061.4

 
(5,930.8
)
 
810.1

Deferred income tax benefits, net
74.0

 
135.0

 
117.9

 
(1.7
)
 
325.2

Property, plant and equipment, net

 
29.2

 
258.4

 

 
287.6

Long-term receivables, net

 
0.1

 
21.9

 

 
22.0

Trademarks and tradenames

 

 
164.5

 

 
164.5

Other intangible assets, net

 

 
6.9

 

 
6.9

Goodwill

 
2.9

 
248.1

 

 
251.0

Investments in subsidiaries
2,814.4

 
1,781.0

 

 
(4,595.4
)
 

Intercompany notes receivable
64.9

 
560.8

 
1,058.2

 
(1,683.9
)
 

Other assets, net
4.6

 
139.7

 
104.4

 
(214.8
)
 
33.9

Total assets
$
4,819.7

 
$
6,466.4

 
$
3,041.7

 
$
(12,426.6
)
 
$
1,901.2

LIABILITIES AND SHAREHOLDERS' EQUITY
 

 
 

 
 

 
 

 
 

Accounts payable
$

 
$

 
$
120.5

 
$

 
$
120.5

Short-term borrowings and current portion of long-term debt and capital lease obligations
82.0

 

 
185.7

 

 
267.7

Intercompany payables
3,292.4

 
2,571.8

 
4.0

 
(5,868.2
)
 

Accrued liabilities
149.1

 
93.8

 
276.5

 
(194.0
)
 
325.4

Total current liabilities
3,523.5

 
2,665.6

 
586.7

 
(6,062.2
)
 
713.6

Long-term debt and capital lease obligations
396.2

 

 
20.1

 

 
416.3

Intercompany notes payable
344.0

 
1,339.9

 

 
(1,683.9
)
 

Other liabilities
18.5

 
99.1

 
201.3

 
(85.1
)
 
233.8

Shareholders' equity
537.5

 
2,361.8

 
2,233.6

 
(4,595.4
)
 
537.5

Total liabilities and shareholders' equity
$
4,819.7

 
$
6,466.4

 
$
3,041.7

 
$
(12,426.6
)
 
$
1,901.2

Condensed Consolidating Balance Sheet
 
December 31, 2011
(In millions)
Parent
 
Guarantor
 
Non-Guarantors
 
Eliminations
 
Total
ASSETS
 

 
 

 
 
 
 
 
 
Cash and cash equivalents
$

 
$
1.9

 
$
136.3

 
$

 
$
138.2

Accounts receivable, net

 

 
163.7

 

 
163.7

Inventories

 

 
302.5

 

 
302.5

Deferred income tax benefits, net
5.5

 
44.6

 
44.1

 

 
94.2

Non-trade amounts receivable, net
0.4

 
10.1

 
37.0

 

 
47.5

Intercompany receivables
1,674.7

 
3,757.3

 
257.7

 
(5,689.7
)
 

Prepaid expenses and other current assets
1.2

 
1.6

 
83.0

 
(62.5
)
 
23.3

Total current assets
1,681.8

 
3,815.5

 
1,024.3

 
(5,752.2
)
 
769.4

Deferred income tax benefits, net
68.7

 
128.7

 
141.8

 

 
339.2

Property, plant and equipment, net

 
28.7

 
244.4

 

 
273.1

Long-term receivables, net

 
0.1

 
23.1

 

 
23.2

Trademarks and tradenames

 

 
157.1

 

 
157.1

Other intangible assets, net

 

 
7.2

 

 
7.2

Goodwill

 
2.9

 
238.5

 

 
241.4

Investments in subsidiaries
2,695.0

 
1,734.6

 

 
(4,429.6
)
 

Intercompany notes receivable
85.9

 
506.0

 
1,088.5

 
(1,680.4
)
 

Other assets, net
34.6

 
7.9

 
130.0

 
(138.9
)
 
33.6

Total assets
$
4,566.0

 
$
6,224.4

 
$
3,054.9

 
$
(12,001.1
)
 
$
1,844.2

LIABILITIES AND SHAREHOLDERS' EQUITY
 

 
 

 
 

 
 

 
 

Accounts payable
$

 
$

 
$
157.2

 
$

 
$
157.2

Short-term borrowings and current portion of long-term debt and capital lease obligations

 

 
195.7

 

 
195.7

Intercompany payables
3,270.0

 
2,415.5

 
4.2

 
(5,689.7
)
 

Accrued liabilities
35.5

 
116.1

 
272.4

 
(101.5
)
 
322.5

Total current liabilities
3,305.5

 
2,531.6

 
629.5

 
(5,791.2
)
 
675.4

Long-term debt and capital lease obligations
396.1

 

 
19.1

 

 
415.2

Intercompany notes payable
342.9

 
1,337.5

 

 
(1,680.4
)
 

Other liabilities
20.7

 
112.9

 
219.1

 
(99.9
)
 
252.8

Shareholders' equity
500.8

 
2,242.4

 
2,187.2

 
(4,429.6
)
 
500.8

Total liabilities and shareholders' equity
$
4,566.0

 
$
6,224.4

 
$
3,054.9

 
$
(12,001.1
)
 
$
1,844.2

Consolidating Statement of Income [Table Text Block]
Consolidating Statement of Income
 
14 Weeks Ended April 2, 2011
(In millions)
Parent
 
Guarantor
 
Non-Guarantors
 
Eliminations
 
Total
Net sales
$

 
$

 
$
637.5

 
$
(1.1
)
 
$
636.4

Other revenue

 
40.4

 
3.5

 
(43.9
)
 

Cost of products sold

 
3.5

 
256.4

 
(45.0
)
 
214.9

Gross margin

 
36.9

 
384.6

 

 
421.5

Delivery, sales and administrative expense
3.7

 
18.5

 
317.2

 

 
339.4

Re-engineering and impairment charges

 

 
1.4

 

 
1.4

Operating (loss) income
(3.7
)
 
18.4

 
66.0

 

 
80.7

Interest income
0.5

 
8.9

 
2.1

 
(10.6
)
 
0.9

Interest expense
6.7

 
3.5

 
7.9

 
(10.6
)
 
7.5

Income from equity investments in subsidiaries
62.2

 
52.5

 

 
(114.7
)
 

Other expense

 

 
0.1

 

 
0.1

Income before income taxes
52.3

 
76.3

 
60.1

 
(114.7
)
 
74.0

(Benefit) provision for income taxes
(3.5
)
 
16.9

 
4.8

 

 
18.2

Net income
$
55.8

 
$
59.4

 
$
55.3

 
$
(114.7
)
 
$
55.8

Comprehensive income
$
90.8

 
$
91.8

 
$
76.5

 
$
(168.3
)
 
$
90.8

Consolidating Statement of Income
 
13 Weeks Ended March 31, 2012
(In millions)
Parent
 
Guarantor
 
Non-Guarantors
 
Eliminations
 
Total
Net sales
$

 
$

 
$
640.2

 
$
(0.7
)
 
$
639.5

Other revenue

 
26.2

 
3.8

 
(30.0
)
 

Cost of products sold

 
4.4

 
239.4

 
(30.7
)
 
213.1

Gross margin

 
21.8

 
404.6

 

 
426.4

Delivery, sales and administrative expense
3.3

 
12.8

 
323.5

 

 
339.6

Re-engineering and impairment charges

 

 
0.9

 

 
0.9

Gains on disposal of assets, including insurance recoveries

 
0.2

 

 

 
0.2

Operating (loss) income
(3.3
)
 
9.2

 
80.2

 

 
86.1

Interest income
0.5

 
8.0

 
1.2

 
(9.0
)
 
0.7

Interest expense
7.6

 
4.6

 
6.6

 
(9.0
)
 
9.8

Income from equity investments in subsidiaries
64.9

 
54.6

 

 
(119.5
)
 

Other income
0.1

 
0.1

 
0.1

 

 
0.3

Income before income taxes
54.6

 
67.3

 
74.9

 
(119.5
)
 
77.3

(Benefit) provision for income taxes
(3.7
)
 
2.6

 
20.1

 

 
19.0

Net income
$
58.3

 
$
64.7

 
$
54.8

 
$
(119.5
)
 
$
58.3

Comprehensive income
$
98.0

 
$
103.8

 
$
64.2

 
$
(168.0
)
 
$
98.0

Condensed Consolidating Statement of Cash Flows [Table Text Block]
Condensed Consolidating Statement of Cash Flows
 
14 Weeks Ended April 2, 2011
(In millions)
Parent
 
Guarantor
 
Non-Guarantors
 
Eliminations
 
Total
Operating Activities:
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(89.7
)
 
$
70.0

 
$
15.5

 
$
(8.5
)
 
$
(12.7
)
Investing Activities:
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(1.5
)
 
(10.6
)
 

 
(12.1
)
Proceeds from disposal of property, plant and equipment

 

 
1.0

 

 
1.0

Net cash used in investing activities

 
(1.5
)
 
(9.6
)
 

 
(11.1
)
Financing Activities:
 
 
 
 
 
 
 
 
 
Dividend payments to shareholders
(19.0
)
 

 

 

 
(19.0
)
Dividend payments to parent

 

 
(11.3
)
 
11.3

 

Proceeds from exercise of stock options
10.9

 

 

 

 
10.9

Repurchase of common stock
(52.0
)
 

 

 

 
(52.0
)
Repayment of long-term debt and capital lease obligations

 

 
(0.5
)
 

 
(0.5
)
Excess tax benefits from share-based payment arrangements
6.0

 

 

 

 
6.0

Net intercompany notes payable (receivable)
142.8

 
(115.4
)
 
(24.6
)
 
(2.8
)
 

Net cash provided by (used in) financing activities
88.7

 
(115.4
)
 
(36.4
)
 
8.5

 
(54.6
)
Effect of exchange rate changes on cash and cash equivalents

 

 
5.5

 

 
5.5

Net change in cash and cash equivalents
(1.0
)
 
(46.9
)
 
(25.0
)
 

 
(72.9
)
Cash and cash equivalents at beginning of year
20.0

 
52.2

 
176.5

 

 
248.7

Cash and cash equivalents at end of period
$
19.0

 
$
5.3

 
$
151.5

 
$

 
$
175.8

Condensed Consolidating Statement of Cash Flows
 
13 Weeks Ended March 31, 2012
(In millions)
Parent
 
Guarantor
 
Non-Guarantors
 
Eliminations
 
Total
Operating Activities:
 
 
 
 
 
 
 
 
 
Net cash (used in) provided by operating activities
$
(42.2
)
 
$
53.5

 
$
1.8

 
$
(37.9
)
 
$
(24.8
)
Investing Activities:
 
 
 
 
 
 
 
 
 
Capital expenditures

 
(2.0
)
 
(16.8
)
 

 
(18.8
)
Proceeds from disposal of property, plant and equipment

 

 
1.0

 

 
1.0

Net cash used in investing activities

 
(2.0
)
 
(15.8
)
 

 
(17.8
)
Financing Activities:
 
 
 
 
 
 
 
 
 
Dividend payments to shareholders
(17.4
)
 

 

 

 
(17.4
)
Dividend payments to parent

 

 
(13.5
)
 
13.5

 

Proceeds from exercise of stock options
4.2

 

 

 

 
4.2

Repurchase of common stock
(54.1
)
 

 

 

 
(54.1
)
Repayment of long-term debt and capital lease obligations

 

 
(0.4
)
 

 
(0.4
)
Net change in short-term debt
82.0

 

 
(13.7
)
 

 
68.3

Excess tax benefits from share-based payment arrangements
5.4

 

 

 

 
5.4

Net intercompany notes payable (receivable)
22.1

 
(52.1
)
 
5.6

 
24.4

 

Net cash provided by (used in) financing activities
42.2

 
(52.1
)
 
(22.0
)
 
37.9

 
6.0

Effect of exchange rate changes on cash and cash equivalents

 

 
4.1

 

 
4.1

Net change in cash and cash equivalents

 
(0.6
)
 
(31.9
)
 

 
(32.5
)
Cash and cash equivalents at beginning of year

 
1.9

 
136.3

 

 
138.2

Cash and cash equivalents at end of period
$

 
$
1.3

 
$
104.4

 
$

 
$
105.7