XML 29 R57.htm IDEA: XBRL DOCUMENT v2.4.0.8
Guarantor Information (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
Dec. 29, 2012
Dec. 31, 2011
ASSETS            
Cash and cash equivalents $ 112.4 $ 98.0 $ 112.4 $ 98.0 $ 119.8 $ 138.2
Accounts receivable, net 192.0   192.0   173.4  
Inventories 333.0   333.0   313.9  
Deferred income tax benefits, net 106.6   106.6   94.9  
Non-trade amounts receivable, net 50.3   50.3   39.0  
Intercompany receivables 0   0   0  
Prepaid expenses and other current assets 28.7   28.7   25.5  
Total current assets 823.0   823.0   766.5  
Deferred income tax benefits, net 340.2   340.2   359.1  
Property, plant and equipment, net 282.5   282.5   298.8  
Long-term receivables, net 22.3   22.3   24.8  
Trademarks and tradenames 130.9   130.9   138.4  
Other intangible assets, net 3.9   3.9   5.0  
Goodwill 182.8   182.8   192.9  
Investments in subsidiaries 0   0   0  
Intercompany notes receivable 0   0   0  
Other assets, net 34.7   34.7   36.3  
Total assets 1,820.3   1,820.3   1,821.8  
LIABILITIES AND SHAREHOLDERS' EQUITY            
Accounts payable 112.8   112.8   154.8  
Short-term borrowings and current portion of long-term debt and capital lease obligations 183.9   183.9   203.4  
Intercompany payables 0   0   0  
Accrued liabilities 362.0   362.0   336.3  
Total current liabilities 658.7   658.7   694.5  
Long-term debt and capital lease obligations 619.1   619.1   414.4  
Intercompany notes payable 0   0   0  
Other liabilities 206.6   206.6   233.8  
Total shareholders' equity 335.9   335.9   479.1  
Total liabilities and shareholders' equity 1,820.3   1,820.3   1,821.8  
Net sales 688.4 638.9 1,351.3 1,278.4    
Other revenue 0 0 0 0    
Cost of products sold 226.0 206.7 448.8 419.8    
Gross margin 462.4 432.2 902.5 858.6    
Delivery, sales and administrative expense 349.3 328.5 697.8 668.1    
Re-engineering and impairment charges 2.2 1.1 4.4 2.0 22.4  
Impairment of goodwill and intangible assets 0 76.9 0 76.9    
Gains on disposal of assets, including insurance recoveries 0.2 7.5 0.2 7.7    
Operating income 111.1 33.2 200.5 119.3    
Interest income 0.7 0.6 1.3 1.3    
Interest expense 10.3 8.7 19.2 18.5    
Income from equity investments in subsidiaries 0 0 0 0    
Other expense 0.7 0.4 3.6 0.1    
Income before income taxes 100.8 24.7 179.0 102.0    
(Benefit) provision for income taxes 24.5 12.0 44.5 31.0    
Net income 76.3 12.7 134.5 71.0    
Comprehensive income (loss) 23.5 (41.6) 92.6 56.4    
Operating Activities:            
Net cash (used in) provided by operating activities     71.4 50.7    
Investing Activities:            
Capital expenditures     (23.8) (33.7)    
Proceeds from disposal of property, plant and equipment     7.1 8.8    
Net cash used in investing activities     (16.7) (24.9)    
Financing Activities:            
Dividend payments to shareholders     (52.7) (37.5)    
Dividend payments to parent     0 0    
Net proceeds from issuance of senior notes     200.0 0    
Proceeds from exercise of stock options     16.7 7.4    
Repurchase of common stock     (203.7) (79.0)    
Repayment of capital lease obligations     (1.4) (1.3)    
Net change in short-term debt     (17.9) 40.4    
Debt issuance costs     (0.7) 0    
Excess tax benefits from share-based payment arrangements     9.8 8.5    
Net intercompany notes payable (receivable)     0 0    
Net cash provided by (used in) financing activities     (49.9) (61.5)    
Effect of exchange rate changes on cash and cash equivalents     (12.2) (4.5)    
Net change in cash and cash equivalents     (7.4) (40.2)    
Parent
           
ASSETS            
Cash and cash equivalents 0 0 0 0 0 0
Accounts receivable, net 0   0   0  
Inventories 0   0   0  
Deferred income tax benefits, net 4.8   4.8   4.8  
Non-trade amounts receivable, net 0.8   0.8   0  
Intercompany receivables 784.4   784.4   152.0  
Prepaid expenses and other current assets 1.0   1.0   1.4  
Total current assets 791.0   791.0   158.2  
Deferred income tax benefits, net 92.0   92.0   82.9  
Property, plant and equipment, net 0   0   0  
Long-term receivables, net 0   0   0  
Trademarks and tradenames 0   0   0  
Other intangible assets, net 0   0   0  
Goodwill 0   0   0  
Investments in subsidiaries 1,525.7   1,525.7   1,417.0  
Intercompany notes receivable 56.9   56.9   81.5  
Other assets, net 4.7   4.7   4.5  
Total assets 2,470.3   2,470.3   1,744.1  
LIABILITIES AND SHAREHOLDERS' EQUITY            
Accounts payable 0   0   0  
Short-term borrowings and current portion of long-term debt and capital lease obligations 53.2   53.2   37.0  
Intercompany payables 938.6   938.6   343.4  
Accrued liabilities 104.2   104.2   116.4  
Total current liabilities 1,096.0   1,096.0   496.8  
Long-term debt and capital lease obligations 602.7   602.7   396.4  
Intercompany notes payable 409.9   409.9   346.9  
Other liabilities 25.8   25.8   24.9  
Total shareholders' equity 335.9   335.9   479.1  
Total liabilities and shareholders' equity 2,470.3   2,470.3   1,744.1  
Net sales 0 0 0 0    
Other revenue 0 0 0 0    
Cost of products sold 0 0 0 0    
Gross margin 0 0 0 0    
Delivery, sales and administrative expense 2.8 3.6 7.4 6.9    
Re-engineering and impairment charges 0 0 0 0    
Impairment of goodwill and intangible assets   0   0    
Gains on disposal of assets, including insurance recoveries 0 0 0 0    
Operating income (2.8) (3.6) (7.4) (6.9)    
Interest income 0.1 0.4 0.3 0.9    
Interest expense 8.7 6.5 15.6 14.1    
Income from equity investments in subsidiaries 83.6 19.0 149.0 83.9    
Other expense 0 0.1 0 0    
Income before income taxes 72.2 9.2 126.3 63.8    
(Benefit) provision for income taxes (4.1) (3.5) (8.2) (7.2)    
Net income 76.3 12.7 134.5 71.0    
Comprehensive income (loss) 23.5 (41.6) 92.6 56.4    
Operating Activities:            
Net cash (used in) provided by operating activities     (73.3) 22.7    
Investing Activities:            
Capital expenditures     0 0    
Proceeds from disposal of property, plant and equipment     0 0    
Net cash used in investing activities     0 0    
Financing Activities:            
Dividend payments to shareholders     (52.7) (37.5)    
Dividend payments to parent     0 0    
Net proceeds from issuance of senior notes     200.1      
Proceeds from exercise of stock options     16.7 7.4    
Repurchase of common stock     (203.7) (79.0)    
Repayment of capital lease obligations     0 0    
Net change in short-term debt     16.1 54.0    
Debt issuance costs     (0.7)      
Excess tax benefits from share-based payment arrangements     9.8 8.5    
Net intercompany notes payable (receivable)     87.7 23.9    
Net cash provided by (used in) financing activities     73.3 (22.7)    
Effect of exchange rate changes on cash and cash equivalents     0 0    
Net change in cash and cash equivalents     0 0    
Guarantor
           
Equity Method Investment, Ownership Percentage 100.00%   100.00%      
ASSETS            
Cash and cash equivalents 0.1 0.7 0.1 0.7 0.2 1.9
Accounts receivable, net 0   0   0  
Inventories 0   0   0  
Deferred income tax benefits, net 44.7   44.7   46.8  
Non-trade amounts receivable, net 16.4   16.4   3.2  
Intercompany receivables 968.2   968.2   378.0  
Prepaid expenses and other current assets 62.1   62.1   65.8  
Total current assets 1,091.5   1,091.5   494.0  
Deferred income tax benefits, net 182.8   182.8   174.2  
Property, plant and equipment, net 34.8   34.8   32.4  
Long-term receivables, net 0.1   0.1   0.1  
Trademarks and tradenames 0   0   0  
Other intangible assets, net 0   0   0  
Goodwill 2.9   2.9   2.9  
Investments in subsidiaries 2,282.3   2,282.3   2,195.0  
Intercompany notes receivable 568.1   568.1   578.2  
Other assets, net 8.1   8.1   7.9  
Total assets 4,170.6   4,170.6   3,484.7  
LIABILITIES AND SHAREHOLDERS' EQUITY            
Accounts payable 2.4   2.4   2.6  
Short-term borrowings and current portion of long-term debt and capital lease obligations 0   0   0  
Intercompany payables 1,187.6   1,187.6   556.3  
Accrued liabilities 79.3   79.3   96.7  
Total current liabilities 1,269.3   1,269.3   655.6  
Long-term debt and capital lease obligations 0   0   0  
Intercompany notes payable 1,302.6   1,302.6   1,330.5  
Other liabilities 47.5   47.5   77.3  
Total shareholders' equity 1,551.2   1,551.2   1,421.3  
Total liabilities and shareholders' equity 4,170.6   4,170.6   3,484.7  
Net sales 0 0 0 0    
Other revenue 28.9 25.8 54.8 52.0    
Cost of products sold 1.5 4.1 8.8 8.5    
Gross margin 27.4 21.7 46.0 43.5    
Delivery, sales and administrative expense 18.7 14.3 34.9 27.1    
Re-engineering and impairment charges 0 0 0 0    
Impairment of goodwill and intangible assets   0   0    
Gains on disposal of assets, including insurance recoveries 0 0 0 0.2    
Operating income 8.7 7.4 11.1 16.6    
Interest income 7.9 7.5 16.1 15.5    
Interest expense 4.5 5.2 9.3 9.8    
Income from equity investments in subsidiaries 76.5 13.2 139.0 67.8    
Other expense 0 0.1 0 0    
Income before income taxes 88.6 22.8 156.9 90.1    
(Benefit) provision for income taxes 4.6 3.6 6.9 6.2    
Net income 84.0 19.2 150.0 83.9    
Comprehensive income (loss) 33.4 (34.9) 110.2 68.9    
Operating Activities:            
Net cash (used in) provided by operating activities     27.4 (22.6)    
Investing Activities:            
Capital expenditures     (6.2) (3.3)    
Proceeds from disposal of property, plant and equipment     0 0    
Net cash used in investing activities     (6.2) (3.3)    
Financing Activities:            
Dividend payments to shareholders     0 0    
Dividend payments to parent     0 0    
Net proceeds from issuance of senior notes     0      
Proceeds from exercise of stock options     0 0    
Repurchase of common stock     0 0    
Repayment of capital lease obligations     0 0    
Net change in short-term debt     0 0    
Debt issuance costs     0      
Excess tax benefits from share-based payment arrangements     0 0    
Net intercompany notes payable (receivable)     (21.3) 24.7    
Net cash provided by (used in) financing activities     (21.3) 24.7    
Effect of exchange rate changes on cash and cash equivalents     0 0    
Net change in cash and cash equivalents     (0.1) (1.2)    
Non-Guarantors
           
ASSETS            
Cash and cash equivalents 112.3 97.3 112.3 97.3 119.6 136.3
Accounts receivable, net 192.0   192.0   173.4  
Inventories 333.0   333.0   313.9  
Deferred income tax benefits, net 57.1   57.1   43.3  
Non-trade amounts receivable, net 33.1   33.1   35.8  
Intercompany receivables 413.9   413.9   415.4  
Prepaid expenses and other current assets 84.2   84.2   111.0  
Total current assets 1,225.6   1,225.6   1,212.4  
Deferred income tax benefits, net 80.1   80.1   102.0  
Property, plant and equipment, net 247.7   247.7   266.4  
Long-term receivables, net 22.2   22.2   24.7  
Trademarks and tradenames 130.9   130.9   138.4  
Other intangible assets, net 3.9   3.9   5.0  
Goodwill 179.9   179.9   190.0  
Investments in subsidiaries 0   0   0  
Intercompany notes receivable 1,712.5   1,712.5   1,677.4  
Other assets, net 58.6   58.6   86.2  
Total assets 3,661.4   3,661.4   3,702.5  
LIABILITIES AND SHAREHOLDERS' EQUITY            
Accounts payable 110.4   110.4   152.2  
Short-term borrowings and current portion of long-term debt and capital lease obligations 130.7   130.7   166.4  
Intercompany payables 40.3   40.3   45.7  
Accrued liabilities 297.2   297.2   275.9  
Total current liabilities 578.6   578.6   640.2  
Long-term debt and capital lease obligations 16.4   16.4   18.0  
Intercompany notes payable 625.0   625.0   659.7  
Other liabilities 184.6   184.6   193.9  
Total shareholders' equity 2,256.8   2,256.8   2,190.7  
Total liabilities and shareholders' equity 3,661.4   3,661.4   3,702.5  
Net sales 690.3 641.0 1,353.6 1,281.2    
Other revenue 1.5 4.7 8.8 8.5    
Cost of products sold 253.9 235.2 500.6 474.6    
Gross margin 437.9 410.5 861.8 815.1    
Delivery, sales and administrative expense 330.7 310.6 660.8 634.1    
Re-engineering and impairment charges 2.2 1.1 4.4 2.0    
Impairment of goodwill and intangible assets   76.9   76.9    
Gains on disposal of assets, including insurance recoveries 0.2 7.5 0.2 7.5    
Operating income 105.2 29.4 196.8 109.6    
Interest income 1.4 1.2 2.7 2.4    
Interest expense 5.8 5.5 12.1 12.1    
Income from equity investments in subsidiaries 0 0 0 0    
Other expense 0.7 0.2 3.6 0.1    
Income before income taxes 100.1 24.9 183.8 99.8    
(Benefit) provision for income taxes 24.0 11.9 45.8 32.0    
Net income 76.1 13.0 138.0 67.8    
Comprehensive income (loss) 56.2 (13.1) 112.4 51.1    
Operating Activities:            
Net cash (used in) provided by operating activities     125.9 97.1    
Investing Activities:            
Capital expenditures     (17.6) (30.4)    
Proceeds from disposal of property, plant and equipment     7.1 8.8    
Net cash used in investing activities     (10.5) (21.6)    
Financing Activities:            
Dividend payments to shareholders     0 0    
Dividend payments to parent     27.7 (36.8)    
Net proceeds from issuance of senior notes     (0.1)      
Proceeds from exercise of stock options     0 0    
Repurchase of common stock     0 0    
Repayment of capital lease obligations     (1.4) (1.3)    
Net change in short-term debt     (34.0) 13.6    
Debt issuance costs     0      
Excess tax benefits from share-based payment arrangements     0 0    
Net intercompany notes payable (receivable)     (47.3) (58.3)    
Net cash provided by (used in) financing activities     (110.5) (110.0)    
Effect of exchange rate changes on cash and cash equivalents     (12.2) (4.5)    
Net change in cash and cash equivalents     (7.3) (39.0)    
Eliminations
           
ASSETS            
Cash and cash equivalents 0 0 0 0 0 0
Accounts receivable, net 0   0   0  
Inventories 0   0   0  
Deferred income tax benefits, net 0   0   0  
Non-trade amounts receivable, net 0   0   0  
Intercompany receivables (2,166.5)   (2,166.5)   (945.4)  
Prepaid expenses and other current assets (118.6)   (118.6)   (152.7)  
Total current assets (2,285.1)   (2,285.1)   (1,098.1)  
Deferred income tax benefits, net (14.7)   (14.7)   0  
Property, plant and equipment, net 0   0   0  
Long-term receivables, net 0   0   0  
Trademarks and tradenames 0   0   0  
Other intangible assets, net 0   0   0  
Goodwill 0   0   0  
Investments in subsidiaries (3,808.0)   (3,808.0)   (3,612.0)  
Intercompany notes receivable (2,337.5)   (2,337.5)   (2,337.1)  
Other assets, net (36.7)   (36.7)   (62.3)  
Total assets (8,482.0)   (8,482.0)   (7,109.5)  
LIABILITIES AND SHAREHOLDERS' EQUITY            
Accounts payable 0   0   0  
Short-term borrowings and current portion of long-term debt and capital lease obligations 0   0   0  
Intercompany payables (2,166.5)   (2,166.5)   (945.4)  
Accrued liabilities (118.7)   (118.7)   (152.7)  
Total current liabilities (2,285.2)   (2,285.2)   (1,098.1)  
Long-term debt and capital lease obligations 0   0   0  
Intercompany notes payable (2,337.5)   (2,337.5)   (2,337.1)  
Other liabilities (51.3)   (51.3)   (62.3)  
Total shareholders' equity (3,808.0)   (3,808.0)   (3,612.0)  
Total liabilities and shareholders' equity (8,482.0)   (8,482.0)   (7,109.5)  
Net sales (1.9) (2.1) (2.3) (2.8)    
Other revenue (30.4) (30.5) (63.6) (60.5)    
Cost of products sold (29.4) (32.6) (60.6) (63.3)    
Gross margin (2.9) 0 (5.3) 0    
Delivery, sales and administrative expense (2.9) 0 (5.3) 0    
Re-engineering and impairment charges 0 0 0 0    
Impairment of goodwill and intangible assets   0   0    
Gains on disposal of assets, including insurance recoveries 0   0 0    
Operating income 0 0 0 0    
Interest income (8.7) (8.5) (17.8) (17.5)    
Interest expense (8.7) (8.5) (17.8) (17.5)    
Income from equity investments in subsidiaries (160.1) (32.2) (288.0) (151.7)    
Other expense 0 0 0 0    
Income before income taxes (160.1) (32.2) (288.0) (151.7)    
(Benefit) provision for income taxes 0 0 0 0    
Net income (160.1) (32.2) (288.0) (151.7)    
Comprehensive income (loss) (89.6) 48.0 (222.6) (120.0)    
Operating Activities:            
Net cash (used in) provided by operating activities     (8.6) (46.5)    
Investing Activities:            
Capital expenditures     0 0    
Proceeds from disposal of property, plant and equipment     0 0    
Net cash used in investing activities     0 0    
Financing Activities:            
Dividend payments to shareholders     0 0    
Dividend payments to parent     (27.7) 36.8    
Net proceeds from issuance of senior notes     0      
Proceeds from exercise of stock options     0 0    
Repurchase of common stock     0 0    
Repayment of capital lease obligations     0 0    
Net change in short-term debt     0 0    
Debt issuance costs     0      
Excess tax benefits from share-based payment arrangements     0 0    
Net intercompany notes payable (receivable)     (19.1) 9.7    
Net cash provided by (used in) financing activities     8.6 46.5    
Effect of exchange rate changes on cash and cash equivalents     0 0    
Net change in cash and cash equivalents     $ 0 $ 0