10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

________________________________________

FORM 10-K

(Mark One)
x	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2016

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition period from to

Commission file number 1-11657

________________________________________

TUPPERWARE BRANDS CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	36-4062333
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
14901 South Orange Blossom Trail, Orlando, Florida	32837
(Address of principal executive offices)	(Zip Code)
Registrant's telephone number, including area code: (407) 826-5050
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class	Name of Each Exchange on Which Registered
Common Stock, $0.01 par value	New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None

________________________________________

Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  x    No  o

Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  o    No  x

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the Registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the Registrant was required to submit and post such files). Yes x No o

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. x

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer x Accelerated filer o Non-accelerated filer o Smaller reporting company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange

Act). Yes o No x

The aggregate market value of the voting and non-voting common equity held by non-affiliates on the New York Stock Exchange-Composite Transaction Listing on June 24, 2016 (the last business day of the registrant's most recently completed second fiscal quarter) was $2,754,251,297. For the purposes of making this calculation only, the registrant included all of its directors, executive officers and beneficial owners of more than ten percent of its common stock.

As of February 23, 2017, 50,668,450 shares of the common stock, $0.01 par value, of the registrant were outstanding.

Documents Incorporated by Reference:

Portions of the Proxy Statement relating to the Annual Meeting of Shareholders to be held May 24, 2017 are incorporated by reference into Part III of this Report.

Table of Contents
Item		Page
Part I
Item 1	Business	1
Item 1A	Risk Factors	6
Item 1B	Unresolved Staff Comments	9
Item 2	Properties	9
Item 3	Legal Proceedings	9
Item 4	Mine Safety Disclosures	9
Part II
Item 5	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	10
Item 5a	Performance Graph	10
Item 5c	Changes in Securities, Use of Proceeds and Issuer Purchases of Equity Securities	11
Item 6	Selected Financial Data	11
Item 7	Management's Discussion and Analysis of Financial Condition and Results of Operations	15
Item 7A	Quantitative and Qualitative Disclosures About Market Risk	37
Item 8	Financial Statements and Supplementary Data	42
Item 9	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	89
Item 9A	Controls and Procedures	89
Item 9B	Other Information	89
Part III
Item 10	Directors, Executive Officers and Corporate Governance	90
Item 11	Executive Compensation	90
Item 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	90
Item 13	Certain Relationships and Related Transactions, and Director Independence	90
Item 14	Principal Accounting Fees and Services	90
Part IV
Item 15	Exhibits, Financial Statement Schedules	91
	15 (a)(1) List of Financial Statements	91
	15 (a)(2) List of Financial Statement Schedules	91
	15 (a)(3) List of Exhibits	92
Signatures		95

PART I

Item 1. Business.

(a) General Development of Business

Tupperware Brands Corporation (“Registrant”, “Tupperware Brands” or the “Company”) is a global direct-to-consumer marketer of premium, innovative products across multiple brands and categories through an independent sales force of 3.1 million. Product brands and categories include design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware^® brand and beauty and personal care products through the Avroy Shlain^®, BeautiControl^®, Fuller^®, NaturCare^®, Nutrimetics^® and Nuvo^® brands. The Registrant is a Delaware corporation that was organized on February 8, 1996 in connection with the corporate reorganization of Premark International, Inc. (“Premark”).

(b) New York Stock Exchange-Required Disclosures

General. The address of the Registrant's principal office is 14901 South Orange Blossom Trail, Orlando, Florida 32837. The names of the Registrant's directors are Catherine A. Bertini, Susan M. Cameron, Kriss Cloninger III, Meg Crofton, E.V. Goings, Angel R. Martinez, Antonio Monteiro de Castro, Robert J. Murray, David R. Parker, Richard T. Riley, Joyce M. Roché and M. Anne Szostak. Members of the Audit, Finance and Corporate Responsibility Committee of the Board of Directors are Mr. Monteiro de Castro (Chair), Mses. Bertini and Szostak and Messrs. Murray and Riley. The members of the Compensation and Management Development Committee of the Board of Directors are Mr. Parker (Chair), Mses. Cameron, Crofton and Roché and Messrs. Cloninger and Martinez. The members of the Nominating and Governance Committee of the Board of Directors are Mr. Cloninger (Chair), Ms. Roché and Messrs. Monteiro de Castro, Murray and Parker. The members of the Succession Sub-Committee are Mr. Cloninger (Chair), Mses. Roché and Szostak and Messrs. Murray and Parker. The members of the Executive Committee of the Board of Directors are Mr. Goings (Chair) and Messrs. Cloninger, Monteiro de Castro, Murray and Parker. The Chairman and Chief Executive Officer is Mr. Goings and the Presiding Director is Mr. Cloninger. The Registrant's executive officers and the number of its employees are set forth below in Part I of this Report. The name and address of the Registrant's transfer agent and registrar is Wells Fargo Bank, N.A., c/o Wells Fargo Shareowner Services, 1110 Centre Pointe Curve, Suite 101, MAC N9173-010, Mendota Heights, MN 55120. The number of the Registrant's shareholders is set forth below in Part II, Item 5 of this Report. The Registrant is satisfying its annual distribution requirement to shareholders under the New York Stock Exchange (“NYSE”) rules by the distribution of its Annual Report on Form 10-K as filed with the United States Securities and Exchange Commission (“SEC”) in lieu of a separate annual report.

Corporate Governance. Investors can obtain access to periodic reports and corporate governance documents, including board committee charters, corporate governance principles and codes of conduct and ethics for financial executives, and information regarding the Registrant's transfer agent and registrar through the Registrant's website free of charge (as soon as reasonably practicable after reports are filed with the SEC, in the case of periodic reports) by going to www.tupperwarebrands.com and searching under Investor Relations / SEC Filings and Governance Documents. The Chief Executive Officer of the Registrant has certified to the NYSE that he is not aware of any violation by the Registrant of NYSE corporate governance listing standards.

BUSINESS OF TUPPERWARE BRANDS CORPORATION

The Registrant is a worldwide direct-to-consumer company engaged in the manufacture and sale of Tupperware^® products and cosmetics and personal care products under a variety of trade names, including Avroy Shlain^®, BeautiControl^®, Fuller^®, NaturCare^®, Nutrimetics^® and Nuvo^®. Each business manufactures and/or markets a broad line of high quality products.

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I. PRINCIPAL PRODUCTS

Tupperware. The core of the Tupperware product line consists of design-centric preparation, storage, and serving solutions for the kitchen and home. Tupperware also has established lines of cookware, knives, microwave products, microfiber textiles, water-filtration related items and an array of products for on-the-go consumers. The Company has continued to refresh its traditional kitchen and home products with updated designs and incremental technological enhancements while evolving towards more lifestyle-oriented products. These new lifestyle solutions are based on consumer insights from the Company's market and product leaders around the globe. In 2016, key launches to contemporize the Tupperware product offering included the MicroPro* Grill, which enables microwave grilling, Micro Millenial* 3 in 1 Multi-functional Cooker and Steamer for the microwave and Micro Deli Dip* Chocolate Fondue Maker for the microwave. The successful Chef Series II Cookware and Chef Series Pure Knives Series were extended to include new items. Other key launches included Mini VentSmart*, Jumbo Salad On the Go and Click to Go with divider and tall base Containers and Thermal Food Jar. The successful Fusion Master* System was expanded to include new Ice Shaver & Ricer Accessories and the Tupperware Click Series* range was also extended to include additional tools. A new generation of the Citrus Infuser Water Bottle was introduced, while the Eco Bottle range was expanded to include additional size and shape options.

The Company continues to introduce new materials, designs, colors and decoration in its product lines, to vary its offerings including by season and to extend existing products into new markets. The development of new products varies across markets in order to address differences in cultures, lifestyles, tastes and needs, although most products are offered in a large number of markets.

Research and development and the resultant new products will continue to be an important part of the Company's strategy going forward.

Beauty. In Beauty, the Company manufactures and distributes skin and hair care products, cosmetics, bath and body care, toiletries, fragrances, jewelry and nutritional products. There were a number of key product launches by brand in 2016:

BeautiControl expanded the Nutri-Rich* line by introducing Facial Cleansing Oil, Facial Treatment Oil and Hair Care Products. The holiday collection was expanded to include the Holiday Sweet Treasures line, Glitter Liquid Eye Color and Nude Eyeshadow Palette. The Vivid Color Lip Gloss and Liquid Lip Color were added in the color cosmetics category.

Fuller Cosmetics redesigned its popular brands Del Baul de la Abuela*, Natural Forte* and Fuller Royal Jelly* with the focus to strengthen its skin care and hair care categories. Armand Dupree Age Sublime* line, an anti-aging solution, was launched in 2016. Fuller Cosmetics expanded its fragrance lines by introducing Fuller Legado* fragrance for Father’s Day, Toma 1* for him, Fuller Diafane* for Mother's Day, Rouge No.2* Masterbrand and Espinoza Paz Platino, under license, featuring the popular Mexican pop star. Other key fragrance launches included CF Colorfun Kiss* for her, Young Men Cool* and Young Men Junior*.

Tupperware Brands Brazil expanded the Nutrimetics* brand by adding Nutrimetics Rio and Blanc to its fragrance line and by launching a new range of Lip Color and Mascara products under the NC Express* Line.

Tupperware Brands Philippines continues to focus on its top two women’s fragrances: Ivana* and A Little Romance*. A Body Mist form and other new launches within the fragrance category fueled the sales growth in 2016.

Nutrimetics Australia’s Ultra Care+ Platinum Skin Care range added Ultra Care+ Platinum Multi-Active Cleanser and Masque and Ultra Care+ Platinum Skin Regeneration Toning Essence. The skin care category was expanded by adding the White-Age* skin care range specially formulated for skin brightening and to help even skin tone. Nutrimetics Professional* Colour Illusion Eyeshadow, Artist Intense* Lipstick and Professional Smokey Eyeshadow Palette were introduced under the Nutrimetics Professional* Colour Range. A new skin care line for men, Nutrimetics MAN* was launched in 2016.

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Avroy Shlain launched a Pore Purifying Serum, which features more advanced ingredients, for oily skin in its daily skin care range. In the technologically advanced skin care range, Cell Revitalization Therapy (CRT*), they introduced CRT* Pigmentation Serum. Their fragrance category’s key launches included Coppelia Man* Intense and Avroy Shlain Maximus* for men and Coppelia* Intense and Bahati* for ladies fragrances, and the introduction of the Destination Collection London fragrance. High Shine Lipsticks, Waterproof Mascara and Waterproof Liquid Eyeliner were introduced to the Coppelia Colour* range. Other key launches included Avroy Pure Sport* roll on and spray in personal care category and Milk and Honey variant in Avroy Pure* skin care category.

(Words followed by * are registered or unregistered trademarks of the Registrant.)

II. MARKETS

The Company operates its business under five reporting segments in three broad geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Market penetration varies throughout the world. Several areas that have low penetration, such as Latin America, Asia and Eastern and Central Europe, provide the Company significant growth potential. The Company's strategy continues to include greater penetration in markets throughout the world.  

Tupperware Brands' products are sold around the world under seven brands: Tupperware, Avroy Shlain, Beauticontrol, Fuller, NaturCare, Nutrimetics and Nuvo. The Company defines its established market economy units as those in Western Europe (including Scandinavia), Australia, Canada, Japan, New Zealand and the United States. All other units are classified as operating in emerging market economies. Businesses operating in emerging markets accounted for 66 percent of 2016 sales, while businesses operating in established markets accounted for the other 34 percent. For the past five fiscal years, 90 to 92 percent of total revenues from the sale of Tupperware Brands' products have been in international markets.

See Note 15 to the Consolidated Financial Statements for further details regarding segments and geographic areas.

III. DISTRIBUTION OF PRODUCTS

The Company's products are distributed worldwide primarily through the “direct-to-consumer” method, under which products are sold by an independent sales force to consumers outside traditional retail store locations. The system facilitates the timely distribution of products to consumers, without having to work through retail intermediaries, and establishes uniform practices regarding the use of Tupperware Brands' trademarks and administrative arrangements, such as order entry, delivery and payment, along with the addition and training of new sales force members.

Products are primarily sold directly to distributors, directors, managers and dealers (“sales force”) throughout the world. Where distributorships are granted, they have the right to market the Company's products using parties and other non-retail methods and to utilize Tupperware Brands' trademarks. The vast majority of the sales force members are independent contractors and not employees of Tupperware. In certain limited circumstances, the Company has acquired ownership of distributorships for a period of time, until an independent distributor can be installed, in order to maintain market presence.

In addition to the introduction of new products and development of new geographic markets, a key element of the Company's strategy is expanding its business by increasing the size of its sales force. Under the system, distributors, directors, team leaders and managers, and dealers add, train, and motivate a large number of dealers. Managers are developed from among the dealer group, and team leaders from among the manager group, and promoted to assist in adding, training and motivating dealers, while continuing to sell products.

As of December 31, 2016, the Company's distribution system had approximately 2,100 distributors, 118,300 managers (including directors and team leaders) and 3.1 million dealers worldwide.

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Tupperware has traditionally relied upon the group presentation method of sales, which is designed to enable purchasers to appreciate, through demonstration, the features and benefits of the Company's products. Parties are held in homes, offices, social clubs and other locations. Products are also promoted through brochures mailed or given to people invited to attend parties and various other types of demonstrations. Some business units utilize a campaign merchandising system, whereby sales force members sell through brochures generated every two or three weeks, to their friends, neighbors and relatives. Sales of products are supported through programs of sales promotions, sales and training aids and motivational conferences for the sales force. In addition, to support its sales force, the Company utilizes catalogs, television and magazine advertising, as well as various social media channels, which help to increase its sales levels with hard-to-reach customers and generate leads for sales and new dealers. A significant portion of the Company's business is operated through distributors, many of whom stock inventory and fulfill orders of the sales force that are generally placed after orders have been received from end consumers. In other cases, the Company sells directly to the sales force, also generally after they have received a consumer order.

In 2016, the Company continued to sell directly, and/or through its sales force, to end consumers via the Internet. It also entered into a limited number of business-to-business transactions, in which it sells products to a partner company. Internet and business-to-business transactions do not constitute a significant portion of the Company's sales.

IV. COMPETITION

There are many competitors to Tupperware Brands' businesses both domestically and internationally. The principal bases of competition generally are marketing, price, quality and innovation of products, as well as competition with other “direct-to-consumer” companies for sales personnel and demonstration dates. Due to the nature of the direct-to-consumer industry, it is critical that the Company provides a compelling earnings opportunity for the sales force, along with developing new and innovative products. The Company maintains its competitive position, in part, through the use of strong incentives and promotional programs.

Through its Tupperware^® brand, the Company competes in the food storage, serving and preparation, containers, toys and gifts categories. Through its beauty and personal care brands, the Company also competes in the skin care, cosmetics, toiletries, fragrances and nutritionals categories. The Company works to differentiate itself from its competitors through its brand names, product innovation, quality, value-added services, celebrity endorsements, technological sophistication, new product introductions and its channel of distribution, including the training, motivation and compensation arrangements for its independent sales forces.

V. EMPLOYEES

The Registrant employs approximately 13,000 people, of whom approximately 1,000 are based in the United States.

VI. RESEARCH AND DEVELOPMENT

The Registrant incurred $18.3 million, $18.1 million and $19.3 million for fiscal years 2016, 2015 and 2014, respectively, on research and development activities for new products and production processes.

VII. RAW MATERIALS

Many of the products manufactured by and for the Company require plastic resins that meet its specifications. These resins are purchased through various arrangements with a number of large chemical companies located in many of the Company's markets. As a result, the Company has not experienced difficulties in obtaining adequate supplies and generally has been successful in obtaining favorable resin prices on a relative basis. Research and development relating to resins used in Tupperware^® products is performed by both the Company and its suppliers.

Materials used in the Company's skin care, cosmetic and bath and body care products consist primarily of readily available ingredients, containers and packaging materials. Such raw materials and components used in goods manufactured and assembled by the Company and through outsource arrangements are available from a number of sources. To date, the Company has been able to secure an adequate supply of raw materials for its products, and it endeavors to maintain relationships with backup suppliers in an effort to ensure that no interruptions occur in its operations.

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VIII. TRADEMARKS AND PATENTS

Tupperware Brands considers its trademarks and patents to be of material importance to its business; however, except for the Tupperware® trademark, Tupperware Brands is not dependent upon any single patent or trademark, or group of patents or trademarks. The Tupperware® trademark, as well as its other trademarks, are registered on a country-by-country basis. The current duration for such registration ranges from five years to ten years; however, each such registration may be renewed an unlimited number of times. The patents used in Tupperware Brands' business are registered and maintained on a worldwide basis, with a variety of durations. Tupperware Brands has followed the practice of applying for design and utility patents with respect to most of its significant patentable developments.

IX. ENVIRONMENTAL LAWS

Compliance with federal, state and local environmental protection laws has not had in the past, and is not expected to have in the future, a material effect upon the Registrant's capital expenditures, liquidity, earnings or competitive position.

X. OTHER

Sales do not vary significantly on a quarterly basis; however, sales in the first and third quarter are generally lower than the other quarters in any year due to holiday schedules, vacations by dealers and their customers, as well as reduced promotional activities during these periods. Sales generally increase in the fourth quarter, as it includes traditional gift-giving occasions in many markets and as children return to school and households refocus on activities that include party plan sales events and the use of the Company's housewares products, along with increased promotional activities supporting these opportunities.

Generally, there are no working capital practices or backlog conditions which are material to an understanding of the Registrant's business, although the Company does seek to minimize its net working capital position at the end of each fiscal year and normally generates a significant portion of its annual cash flow from operating activities in its fourth quarter. The Registrant's business is not dependent on a small number of customers, nor is any of its business subject to renegotiation of profits or termination of contracts or subcontracts at the election of the United States government.

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XI. EXECUTIVE OFFICERS OF THE REGISTRANT

Following is a list of the names and ages of all Executive Officers of the Registrant, indicating all positions and offices held by each such person with the Registrant, and each such person's principal occupations or employment during the past five years. Each such person has been elected to serve until the next annual election of officers of the Registrant (expected to occur on May 24, 2017).

Name and Age	Positions and Offices Held and Principal Occupations of Employment- During Past Five Years
Lillian D. Garcia, age 60	Executive Vice President and Chief Human Resources Officer since January 2013. Previously, she was Executive Vice President and Area Vice President, Argentina, Uruguay, Venezuela and Ecuador since January 2011.
E.V. Goings, age 71	Chairman and Chief Executive Officer since October 1997.
Asha Gupta, age 45	Group President, Asia Pacific since January 2014 after serving as Area Vice President, India, Philippines and Nutrimetics Australia since January 2012.
Josef Hajek, age 58	Senior Vice President, Tax and Governmental Affairs since February 2006.
Simon C. Hemus, age 67	Vice Chairman since October 2016, after serving as President and Chief Operating Officer since January 2007.
Georg H. Jaggy, age 59	Executive Vice President and Chief Global Marketing Officer since January 2015, after serving as President, Tupperware Germany and Area Vice President, Northern Europe since March 2013, and previously President & Area Vice President, Tupperware Germany since November 2008.
Michael S. Poteshman, age 53	Executive Vice President and Chief Financial Officer since August 2004.
Nicholas K. Poucher, age 55	Senior Vice President and Controller since November 2014, after serving as Vice President and Controller since August 2007.
Thomas M. Roehlk, age 66	Executive Vice President and Chief Legal Officer since January 2017, after serving as Executive Vice President, Chief Legal Officer & Secretary since August 2005.
Karen M. Sheehan, age 43	Senior Vice President, General Counsel & Secretary since January 2017, after serving as Vice President & Deputy General Counsel since December 2014. Previously at Church & Dwight Co., Inc. she was Associate General Counsel, Corporate & Assistant Secretary from May 2012 to November 2014, after having been Associate General Counsel, Operations from April 2011.
Patricia A. Stitzel, age 51	President and Chief Operating Officer since October 2016, after serving as Group President, Americas since January 2014, as Senior Area Vice President, Central Europe since March 2013, as Area Vice President, Tupperware West & Nordics and Nutrimetics Europe since June 2012 and Area Vice President, Tupperware West and Nutrimetics Europe since February 2012.
William J. Wright, age 54	Executive Vice President, Product Innovation and Supply Chain since February 2017, after serving as Executive Vice President, Supply Chain Worldwide since October 2015, Senior Vice President, Global Supply Chain since October 2014, Senior Vice President, Global Product Development, Tupperware since March 2013, and Senior Vice President, Global Product Marketing since October 2010.

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Item 1A.    Risk Factors.

The risks and uncertainties described below are not the only ones facing the Company. Other events that the Company does not currently anticipate or that the Company currently deems immaterial also may affect results of operations and financial condition.

Sales Force Factors

The Company’s products are primarily marketed and sold through the "direct-to-consumer" method of distribution, in which products are marketed and sold to consumers, without the use of retail establishments, by a sales force made up of independent contractors. This distribution system depends upon the successful addition, activation and retention of a large force of sales personnel to grow and compensate for a high turnover rate. The addition and retention of sales force members is dependent upon the competitive environment among direct-to-consumer companies and upon the general labor market, unemployment levels, general economic conditions, demographic and cultural changes in the workforce and the level of penetration of the Company's sales force in the geographies in which it operates. The activation of the sales force is dependent, in part, upon the effectiveness of compensation and promotional programs of the Company, the competitiveness of the same compared with other direct-to-consumer companies, the introduction of new products and the ability to advance through the sales force structure.

The Company’s sales are directly tied to the activity levels of its sales force, which is in large part a temporary working activity for many sales force members. Activity levels may be affected by the degree to which a market is penetrated by the presence of the Company’s sales force, the amount of average sales per order, the amount of sales per sales force member, the mix of high-margin and low-margin products sold at parties and elsewhere, and the activities and actions of the Company’s product line and channel competitors. In addition, the Company’s sales force members may be affected by initiatives undertaken by the Company to grow its revenue base that may lead to the inaccurate perception that the independent sales force system is at risk of being phased out.

International Operations

A significant portion of the Company’s sales and profit comes from its international operations. Although these operations are geographically dispersed, which partially mitigates the risks associated with operating in particular countries, the Company is subject to the usual risks associated with international operations. Amongst others, these risks include local political and economic environments, adverse new tax regulations and relations between the U.S. and foreign governments.

The Company derived 91 percent of its net sales from operations outside the United States in 2016. As a result, movement in exchange rates has had and may continue to have a significant impact on the Company’s earnings, cash flows and financial position. The Company’s most significant exposures are to the Brazilian real, Chinese renminbi, euro, Indonesian rupiah and Mexican peso. Business units in which the Company generated at least $100 million of sales in 2016 included Brazil, China, Fuller Mexico, Germany, Indonesia, Tupperware Mexico and Tupperware United States and Canada. Of these units, sales in Brazil and Tupperware United States and Canada exceeded $200 million. Although the Company's currency risk is partially mitigated by the natural hedge arising from its local product sourcing in many markets, a strengthening U.S. dollar generally has a negative impact on the Company. In response to this fact, the Company continues to implement foreign currency hedging and risk management strategies to reduce the exposure to fluctuations in earnings associated with changes in foreign currency exchange rates. The Company generally does not seek to hedge the impact of currency fluctuations on the translated value of the sales, profit or cash flow generated by its operations. Some of the hedging strategies implemented have a positive or negative impact on cash flows as foreign currencies fluctuate versus the U.S. dollar. There can be no assurance that foreign currency fluctuations and related hedging activities will not have a material adverse impact on the Company’s results of operations, cash flows and/or financial condition.

Another risk associated with the Company’s international operations is restrictions foreign governments may impose on currency remittances. Due to the possibility of government restrictions on transfers of cash out of countries and control of exchange rates and currency convertibility, the Company may not be able to immediately access its cash at the exchange rate used to translate its financial statements. This has been a particular issue in Egypt and Venezuela. See Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations for further discussion regarding Egypt, as well as the impacts of the Venezuelan government's currency restrictions on the Company's operations.

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Legal and Regulatory Issues

The Company's business may also be affected by actions of domestic and foreign governments to restrict the activities of direct-to-consumer companies for various reasons, including a limitation on the ability of direct-to-consumer companies to operate without the involvement of a traditional retail channel. Foreign governments may also introduce other forms of protectionist legislation, such as limitations on the products which can be produced locally or requirements that non-domestic companies doing or seeking to do business place a certain percentage of ownership of legal entities in the hands of local nationals to protect the commercial interests of its citizens. Customs laws, tariffs, import duties, export and import quotas and restrictions on repatriation of foreign earnings and/or other methods of accessing cash generated internationally, may negatively affect the Company's international operations. Governments may seek either to impose taxes on independent sales force members, to classify independent sales force members as employees of direct-to-consumer companies with whom they may be associated, triggering employment-related taxes on the part of the direct-to-consumer companies, or to impose registration requirements that could impact prospects' willingness to join the sales force. Additionally, some governments prohibit or impose limitations on the requirement to purchase demonstration products upon joining a direct-to-consumer business and/or the types of activities for which a direct-to-consumer sales force can be compensated. Additionally, the U.S. government may impose restrictions on the Company's ability to engage in business in other countries in connection with the foreign policy of the United States.

Product Safety

Certain of the materials used in the Company’s product lines may give rise to concerns of consumers based upon scientific theories which are espoused from time to time, including the risk of certain materials leaching out of plastic containers used for their intended purposes or the ingredients used in cosmetics, personal care or nutritional products causing harm to human health. This includes polycarbonate, which contains the chemical Bisphenol A, and polyethersulfone, which contains the chemical Bisphenol S. It is the Company’s policy to market products in each of its business units containing only those materials or ingredients that are approved by relevant regulatory authorities for contact with food or skin or for ingestion by consumers, as applicable.

Technology and Cyber-Security

The Company relies extensively on information technology systems, some of which are managed by third-party service providers, to conduct its business. These systems include, but are not limited to, programs and processes relating to internal communications and communications with other parties, ordering and managing materials from suppliers, converting materials to finished products, receiving orders and shipping product to customers, billing customers and receiving and applying payments, processing transactions, summarizing and reporting results of operations, complying with regulatory, legal or tax requirements, collecting and storing certain customer, employee, investor, and other stakeholder information and personal data, and other processes necessary to manage the Company’s business.  Increased information technology security threats and more sophisticated computer crime, including advanced persistent threats, pose a potential risk to the security of the information technology systems, networks, and services of the Company, its customers and other business partners, as well as the confidentiality, availability, and integrity of the data of the Company, its customers and other business partners. As a result, the Company’s information technology systems, networks or service providers could be damaged or cease to function properly or the Company could suffer a loss or disclosure of business, personal or stakeholder information, due to any number of causes, including catastrophic events, power outages and security breaches. Although the Company has business continuity plans in place, if these plans do not provide effective alternative processes on a timely basis, the Company may suffer interruptions in its ability to manage or conduct its operations, which may adversely affect its business.  The Company may need to expend additional resources in the future to continue to protect against, or to address problems caused by, any business interruptions or data security breaches.  Any business interruptions or data security breaches, including cyber-security breaches resulting in private data disclosure, could result in lawsuits or regulatory proceedings, damage the Company’s reputation or adversely impact the Company’s results of operations and cash flows. While the Company maintains insurance coverage that could cover some of these types of issues, the coverage has limitations and includes deductibles such that it may not be adequate to offset losses incurred.

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General Business Factors

The Company’s business can be affected by a wide range of factors that affect other businesses. Weather, natural disasters, strikes, epidemics/pandemics, political instability, terrorist activity and public scrutiny of the direct-to-consumer channel, may have a significant impact on the willingness or ability of consumers to attend parties or otherwise purchase the Company’s products. The supply and cost of raw materials, particularly petroleum and natural gas-based resins, may have an impact on the availability or cost of the Company’s plastic products. The Company is also subject to frequent product counterfeiting and other intellectual property infringement, which may be difficult to police and prevent, depending upon the ability to identify infringers and the availability and/or enforceability of intellectual property rights. Other risks, as discussed under the sub-heading “Forward-Looking Statements” contained in Part II, Item 7A of this Report, may be relevant to performance as well.

Item 1B.    Unresolved Staff Comments.

None.

Item 2.    Properties.

The principal executive office of the Registrant is owned by the Registrant and is located in Orlando, Florida. The Registrant owns and maintains significant manufacturing and/or distribution facilities in Australia, Brazil, France, Greece, Indonesia, Japan, Korea, Mexico, New Zealand, Portugal, South Africa and the United States, and leases significant manufacturing and distribution facilities in Belgium, China, India and Venezuela. The Registrant owns and maintains the Beauticontrol headquarters and the headquarters in India and leases its manufacturing and distribution facility in Texas. The Registrant conducts a continuing program of new product design and development at its facilities in Florida, Texas, Australia, Belgium and Mexico. None of the owned principal properties is subject to any encumbrance material to the consolidated operations of the Company. The Registrant considers the condition and extent of utilization of its plants, warehouses and other properties to be good, the capacity of its plants and warehouses generally to be adequate for its needs, and the nature of the properties to be suitable for its needs.

In addition to the above-described improved properties, the Registrant owns unimproved real estate surrounding its corporate headquarters in Orlando, Florida. The Registrant prepared certain portions of this real estate for a variety of development purposes and, in 2002, began selling parts of this property. To date, approximately 360 acres have been sold and about 220 acres remain to be sold in connection with this project that is expected to continue for a number of years.

Item 3.    Legal Proceedings.

A number of ordinary-course legal and administrative proceedings against the Registrant or its subsidiaries are pending. In addition to such proceedings, there are certain proceedings that involve the discharge of materials into, or otherwise relating to the protection of, the environment. Certain of such proceedings involve federal environmental laws such as the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as well as state and local laws. The Registrant has established reserves with respect to certain of such proceedings. Because of the involvement of other parties and the uncertainty of potential environmental impacts, the eventual outcomes of such actions and the cost and timing of expenditures cannot be determined with certainty. It is not expected that the outcome of such proceedings, either individually or in the aggregate, will have a material adverse effect upon the Registrant.

As part of the 1986 reorganization involving the formation of Premark, Premark was spun-off by Dart & Kraft, Inc., and Kraft Foods, Inc. assumed any liabilities arising out of any legal proceedings in connection with certain divested or discontinued former businesses of Dart Industries Inc., a subsidiary of the Registrant, including matters alleging product and environmental liability. The assumption of liabilities by Kraft Foods, Inc. remains effective subsequent to the distribution of the equity of the Registrant to Premark shareholders in 1996.

Item 4.    Mine Safety Procedures.

Not applicable.

9

PART II

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

The Registrant has not sold any securities in 2014 through 2016 that were not registered under the Securities Act of 1933 as amended. As of February 23, 2017, the Registrant had 91,360 shareholders of record and beneficial holders. The principal United States market on which the Registrant’s common stock is being traded is the New York Stock Exchange. The stock price and dividend information set forth in Note 19 to the Consolidated Financial Statements, entitled “Quarterly Financial Summary (Unaudited),” is included in Item 8 of Part II of this Report and is incorporated by reference into this Item 5.

Item 5a. Performance Graph.

The following performance graph compares the performance of the Company's common stock to the Standard & Poor's 400 Mid-Cap Stock Index and the Standard & Poor's 400 Mid-Cap Consumer Discretionary Index. The graph assumes that the value of the investment in the Company's common stock and each index was 100 at December 31, 2011 and that all dividends were reinvested. The Company's stock is included in both indices.

10

Measurement Period (Fiscal Year Ended)	Tupperware Brands Corporation	S&P 400 Mid-Cap	S&P 400 Mid-Cap Consumer Discretionary Index
12/31/2011	100.00	100.00	100.00
12/29/2012	114.72	115.94	120.42
12/28/2013	178.95	156.44	172.97
12/27/2014	124.60	174.26	193.47
12/26/2015	114.44	170.75	179.38
12/31/2016	113.03	203.71	195.10

Item 5c. Changes in Securities, Use of Proceeds and Issuer Purchases of Equity Securities.

None.

11

Item 6. Selected Financial Data.

The following table presents the Company’s selected historical financial information for the last five years. The selected financial information has been derived from the Company's audited consolidated financial statements which, for the data presented for fiscal years 2016 and 2015 and for some data presented for 2014, are included as Item 8 of this Report. This data should be read in conjunction with the Company's other financial information, including "Management's Discussion and Analysis of Financial Condition and Results of Operations" (MD&A) and the Consolidated Financial Statements and Notes to the Consolidated Financial Statements included as Items 7 and 8, respectively, in this report. The Company's fiscal year ends on the last Saturday of December and, as a result, the 2016 fiscal year contained 53 weeks as compared with 52 weeks for the other fiscal years presented.

Effective from the first quarter of 2016, the Nutrimetics business in France, previously reported in the Asia Pacific segment, is being reported in the Europe segment. Comparable information from prior periods has been reclassified to conform with the new presentation. In full year 2016, Nutrimetics France generated less than one half percent of total sales.

(In millions, except per share amounts)	2016			2015			2014			2013			2012
Operating results
Net sales:
Europe	$	559.4		$	612.9		$	740.6		$	782.7		$	791.4
Asia Pacific	748.6			771.0			839.6			836.9			780.7
Tupperware North America	358.3			353.7			349.9			358.0			344.8
Beauty North America	190.0			240.0			290.9			320.1			348.3
South America	356.8			306.2			385.1			373.9			318.6
Total net sales	$	2,213.1		$	2,283.8		$	2,606.1		$	2,671.6		$	2,583.8
Segment profit:
Europe	$	65.3		$	92.4		$	117.5		$	130.0		$	131.6
Asia Pacific	181.0			175.9			191.7			188.1			172.7
Tupperware North America	69.7			67.4			68.3			65.9			63.7
Beauty North America	(3.6		)	2.3			1.3			16.1			30.2
South America	82.2			46.5			27.1			68.9			61.0
Unallocated expenses	(67.6		)	(72.8		)	(55.9		)	(62.4		)	(62.6		)
Gain on disposal of assets including insurance recoveries, net (a),(b)	27.3			13.7			2.7			0.7			7.9
Re-engineering and impairment charges	(7.6		)	(20.3		)	(11.0		)	(9.3		)	(22.4		)
Impairment of goodwill and intangible assets (c)	—			—			—			—			(76.9		)
Interest expense, net	(45.4		)	(45.2		)	(43.5		)	(37.6		)	(32.4		)
Income before income taxes	301.3			259.9			298.2			360.4			272.8
Provision for income taxes	77.7			74.1			83.8			86.2			79.8
Net income	$	223.6		$	185.8		$	214.4		$	274.2		$	193.0
Basic earnings per common share	$	4.43		$	3.72		$	4.28		$	5.28		$	3.49
Diluted earnings per common share	$	4.41		$	3.69		$	4.20		$	5.17		$	3.42

See footnotes beginning on the following page.

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(Dollars in millions, except per share amounts)	2016			2015			2014			2013			2012
Profitability ratios
Segment profit as a percent of sales:
Europe	12		%	15		%	16		%	17		%	17		%
Asia Pacific	24			23			23			22			22
Tupperware North America	20			19			20			18			19
Beauty North America	(2		)	1			—			5			9
South America	23			15			7			18			19
Return on average equity (d)	115.0			107.8			77.7			76.1			37.4
Return on average invested capital (e)	25.9			21.2			21.2			26.0			18.7
Financial Condition
Cash and cash equivalents	$	93.2		$	79.8		$	77.0		$	127.3		$	119.8
Net working capital	(2.3		)	(63.5		)	(105.0		)	(53.8		)	(22.0		)
Property, plant and equipment, net	259.8			253.6			290.3			300.9			298.8
Total assets	1,587.8			1,598.2			1,769.8			1,843.9			1,821.8
Short-term borrowings and current portion of long-term obligations	105.9			162.5			221.4			235.4			203.4
Long-term obligations	606.0			608.2			612.1			619.9			414.4
Shareholders’ equity	212.8			161.0			185.8			252.9			479.1
Current ratio	1.00			0.90			0.86			0.93			0.97
Other Data
Net cash provided by operating activities	$	238.6		$	225.7		$	284.1		$	323.5		$	298.7
Net cash used in investing activities	(25.7		)	(43.1		)	(62.3		)	(60.1		)	(64.8		)
Net cash used in financing activities	(193.3		)	(157.1		)	(211.0		)	(237.6		)	(252.5		)
Capital expenditures	61.6			61.1			69.4			69.0			75.6
Depreciation and amortization	57.5			62.4			63.7			54.8			49.6
Common Stock Data
Dividends declared per share	$	2.72		$	2.72		$	2.72		$	2.48		$	1.44
Dividend payout ratio (f)	61.4		%	73.1		%	63.6		%	47.0		%	41.3		%
Average common shares outstanding (thousands):
Basic	50,521			49,947			50,131			51,892			55,271
Diluted	50,719			50,401			51,011			53,079			56,413
Period-end book value per share (g)	$	4.20		$	3.19		$	3.64		$	4.76		$	8.49
Period-end price/earnings ratio (h)	11.9			15.1			15.2			18.4			18.3
Period-end market/book ratio (i)	12.5			17.5			17.5			19.9			7.4

(a) In 2002, the Company began to sell land held for development near its Orlando, Florida headquarters. During 2016, 2015, 2014 and 2013, in connection with this program, pretax gains of $26.5 million, $12.9 million, $1.3 million and $0.9 million, respectively, were included in gains on disposal of assets including insurance recoveries, net. There were no land sales under this program in 2012.

(b) Included in gain on disposal of assets including insurance recoveries, net are pretax gains of:

• $0.2 million in 2012, as a result of insurance recoveries from flood damage in Venezuela; and

• $1.1 million in 2014 and $0.2 million in 2013 from the sale of property in Australia, as well as in 2012, $7.5 million from the sale of a facility in Belgium and $0.2 million of equipment sales.

(c) Valuations completed on the Company’s intangible assets resulted in the conclusion that certain tradenames and goodwill values were impaired. This resulted in non-cash charges of $76.9 million in 2012.

(d) Return on average equity is calculated by dividing net income by the average monthly balance of shareholders’ equity.

(e) Return on average invested capital is calculated by dividing net income plus net interest expense multiplied by one minus the estimated marginal tax rate of 37%, by average shareholders’ equity plus debt, for the last five quarters.

13

(f) The dividend payout ratio is dividends declared per share divided by basic earnings per share.

(g) Period-end book value per share is calculated as year-end shareholders’ equity divided by full-year diluted shares.

(h) Period-end price/earnings ratio is calculated as the year-end market price of the Company’s common stock divided by full year diluted earnings per share.

(i) Period-end market/book ratio is calculated as the period-end market price of the Company’s common stock divided by period-end book value per share.

14

Item 7.    Management's Discussion and Analysis of Financial Condition and Results of Operations.

The following is a discussion of the results of operations for 2016 compared with 2015 and 2015 compared with 2014, and changes in financial condition during 2016 and 2015. The Company’s fiscal year ends on the last Saturday of December. As a result, the 2016 fiscal year included 53 weeks, as compared with 52 weeks for 2015 and 2014. This information should be read in conjunction with the consolidated financial information provided in Item 8 of this Annual Report.

The Company's primary means of distributing its products is through independent sales organizations and individuals, which in many cases are also its customers. The vast majority of the Company's products are, in turn, sold to end customers who are not members of its sales force. The Company is largely dependent upon these independent sales organizations and individuals to reach end consumers, and any significant disruption of this distribution network would have a negative financial impact on the Company and its ability to generate sales, earnings and operating cash flows. The Company's primary business drivers are the size, activity, diversity and productivity of its independent sales organizations.

As the impacts of foreign currency translation are an important factor in understanding period-to-period comparisons, the Company believes the presentation of results on a local currency basis, as a supplement to reported results, helps improve readers' ability to understand the Company's operating results and evaluate performance in comparison with prior periods. The Company presents local currency information that compares results between periods as if current period exchange rates had been used to translate results in the prior period. The Company uses results on a local currency basis as one measure to evaluate performance. The Company generally refers to such amounts as calculated on a "local currency" basis, or "excluding the impact of foreign currency." These results should be considered in addition to, not as a substitute for, results reported in accordance with generally accepted accounting principles in the United States ("GAAP"). Results on a local currency basis may not be comparable to similarly titled measures used by other companies.

Effective from the first quarter of 2016, the Nutrimetics business in France, previously reported in the Asia Pacific segment, is being reported in the Europe segment. Comparable information from prior periods has been reclassified to conform with the new presentation. In full year 2016, Nutrimetics France generated less than one half percent of total sales.

Estimates included herein are those of the Company’s management and are subject to the risks and uncertainties as described in the Forward Looking Statements caption included in Item 7A.

15

Overview

(Dollars in millions, except per share amounts)

Total Company Results 2016 vs. 2015

	53 weeks ended			52 weeks ended			Change		Change excluding the impact of foreign exchange		Foreign exchange impact
	December 31, 2016			December 26, 2015
Net sales	$	2,213.1		$	2,283.8		(3	)%	2	%	$	(123.7	)
Gross margin as a percent of sales	67.7		%	67.4		%	0.3	pp	na		na
DS&A as a percent of sales	52.9		%	53.3		%	(0.4	) pp	na		na
Operating income	$	347.0		$	315.2		10	%	20	%	$	(25.1	)
Net income	$	223.6		$	185.8		20	%	34	%	$	(18.9	)
Net income per diluted share	$	4.41		$	3.69		20	%	33	%	$	(0.38	)

Total Company Results 2015 vs. 2014

	52 weeks ended						Change		Change excluding the impact of foreign exchange		Foreign exchange impact
	December 26, 2015			December 27, 2014
Net sales	$	2,283.8		$	2,606.1		(12	)%	4	%	$	(413.1	)
Gross margin as a percent of sales	67.4		%	66.1		%	1.3	pp	na		na
DS&A as a percent of sales	53.3		%	51.7		%	1.6	pp	na		na
Operating income	$	315.2		$	367.7		(14	)%	14	%	$	(91.7	)
Net income	$	185.8		$	214.4		(13	)%	28	%	$	(69.3	)
Net income per diluted share	$	3.69		$	4.20		(12	)%	30	%	$	(1.36	)

____________________

na    not applicable

pp    percentage points

Net Sales

Reported sales decreased3 percent in 2016 compared with 2015. Excluding the impact of changes in foreign currency exchange rates, sales increased2 percent, including a 1 point benefit from the 53rd week in 2016. The Company’s emerging market economy businesses increased, while its sales in established market economy businesses decreased compared with 2015. The Company defines established market economies as those in Western Europe (including Scandinavia), Australia, Canada, Japan, New Zealand, and the United States. All other countries are classified as having emerging market economies. The average impact of higher sales prices on the Company sales comparison was 3 percent.

The Company’s businesses operating in emerging market economies accounted for 66 percent of reported sales in 2016 and 2015. Reported sales in the emerging markets were down3 percent in 2016 compared with 2015, including a negative translation impact of $123.8 million from changes in foreign currency exchange rates. Excluding the impact of foreign currency, these units were up 6 percent. The average impact of higher prices in these markets was 3 percent. The strong increase in local currency sales in the Company's emerging market units was primarily in Brazil, the Company's largest business unit, due to a significant increase in active sellers and productivity, and in China, reflecting continued growth in the number of demonstration studios along with higher sales per studio. Also contributing to the local currency sales increase was inflation related pricing in Argentina, the benefit of a larger sales force in Tupperware Mexico and from a significantly increased sales force size along with increased productivity in Tupperware South Africa. The local currency sales growth in these units was partially offset by decreases in Egypt, due to curtailed shipments in response to the imposition of stricter currency controls beginning in late 2015, in Indonesia from a smaller sales force, and in Turkey, reflecting a smaller and less active sales force.

16

Reported sales in the Company’s units operating in established market economies were down4 percent compared with 2015 in both dollars and local currency. The decrease was primarily in Beauticontrol from a smaller sales force and smaller order sizes, reflecting a lack of traction from newer initiatives, and in France, reflecting a less active sales force. These decreases were partially offset by an increase in the United States and Canada, from increased sales volume through a larger, more active sales force. The average price increase in the established market units was 2 percent.

Reported sales decreased 12 percent in 2015 compared with 2014. Excluding the impact of changes in foreign currency exchange rates, sales increased 4 percent, reflecting strong local currency growth in the Company’s emerging market economy businesses, while its sales in established market economy businesses decreased slightly compared with 2014.

The Company’s units operating in emerging markets accounted for 66 percent of reported sales in both 2015 and 2014. Reported sales in the emerging markets were down 12 percent in 2015 compared with 2014, including a negative translation impact of $303.9 million from changes in foreign currency exchange rates. Excluding the impact of foreign currency, these units had strong growth of 8 percent. The average impact of higher prices in these markets was 4 percent. The strong increase in local currency sales in the Company's emerging market units was primarily in Brazil, due to a significant increase in sales force size and its productivity, and China, reflecting continued growth in the number of demonstration studios along with higher sales per studio. Also contributing to the local currency sales increase was inflation related pricing in Argentina, the benefit of larger sales forces in Tupperware Mexico and the Company's businesses in Egypt, as well as from a significantly higher activity rate in the sales force in Tupperware South Africa. The local currency sales growth in these units was partially offset by decreases in Malaysia/Singapore and Turkey, reflecting less active and less productive sales forces. Local currency sales in Indonesia, decreased slightly in 2015 compared with 2014.

Reported sales in the Company’s units operating in established market economies were down 14 percent, including a negative translation impact of $109.2 million from changes in foreign currency exchange rates. Excluding the impact of foreign currency, sales by these units decreased 2 percent, primarily in France, reflecting lingering impacts on sales force additions and party scheduling from terrorist attacks and changes in the structure of compensation for sales force managers, Italy, due to less activity and lower productivity, and BeautiControl due to the impacts of a revised sales force compensation plan launched at the beginning of the second quarter. These decreases were partially offset by a strong increase in the United States and Canada, reflecting increased sales volume through a larger sales force from strong additions. The average price increase in the established market units was 1 percent.

Specific segment impacts are further discussed in the Segment Results section.

Gross Margin

Gross margin as a percentage of sales was 67.7 percent in 2016 and 67.4 percent in 2015. The increase of 0.3 percentage points ("pp") primarily reflected, favorable resin costs (0.1 pp), lower obsolescence (0.1 pp), less business to business sales that have lower than average margin (0.1 pp), and a lower year-over-year impact of inventory in Venezuela being included in cost of goods sold at its stronger, historical exchange rate rather than the rate used to translate its sales (0.1 pp). These were partially offset by the mix impact from relatively higher sales in certain units with lower than average gross margins.

Gross margin as a percentage of sales was 67.4 percent in 2015 and 66.1 percent in 2014. The increase of 1.3 pp primarily reflected better pricing and mix (1.0 pp), favorable resin pricing (0.5 pp), a lower year-over-year impact of inventory in Venezuela being included in cost of goods sold at its stronger, historical exchange rate rather than the rate used to translate its sales (0.4 pp) and, the translation impact of changes in foreign currency exchange rates (0.3 pp). These were partially offset by the mix impact from relatively higher sales in certain units with lower than average gross margins, primarily in South America (0.6 pp) and increased manufacturing costs (0.5 pp).

17

Operating Expenses

Delivery, sales and administrative expense ("DS&A") as a percentage of sales was 52.9 percent in 2016, compared with 53.3 percent in 2015. The lower DS&A expense was primarily due to decreased administrative costs in Europe, North America investment spending and unallocated corporate expenses from management incentive expenses (0.6 pp). Lower marketing expenses in Asia Pacific and North America also contributed to the lower DS&A expenses (0.3 pp). Partially offsetting these decreases, was the translation effect of changes in foreign currency exchange rates, particularly the impact of overall dollar denominated costs as a ratio of sales in light of weaker foreign exchange rates (0.4 pp).

DS&A as a percentage of sales was 53.3 percent in 2015, compared with 51.7 percent in 2014. The higher DS&A expense was primarily due to the translation effect of changes in foreign currency exchange rates, particularly the impact of overall dollar denominated costs as a ratio of sales in light of weaker foreign exchange rates (1.5 pp), as well as increased unallocated corporate expenses related to investment in global initiative and management incentive expenses (0.3 pp) and higher freight costs, mainly in Tupperware North America (0.1 pp). These were partially offset by lower commission expense due to the mix of sales performances in units that pay commissions versus those that do not (0.2 pp) and decreased promotional costs in Beauty North America and Europe (0.1 pp).

The Company segregates corporate operating expenses into allocated and unallocated components based upon the estimated time spent managing segment operations. The allocated costs are then apportioned on a local currency basis to each segment based primarily upon segment revenues. The unallocated expenses reflect amounts unrelated to segment operations. Operating expenses to be allocated are determined at the beginning of the year based upon estimated expenditures. Total unallocated expenses in 2016decreased$5.2 million compared with 2015, reflecting lower incentive costs and increased allocation to the segments, partially offset by the negative translation effect of changes in foreign currency exchange rates.

Total unallocated expenses in 2015 increased $16.9 million compared with 2014, reflecting higher management incentive costs and the impact from variations in foreign exchange rates.

As discussed in Note 1 to the Consolidated Financial Statements, the Company includes costs related to the distribution of its products in DS&A expense. As a result, the Company’s gross margin may not be comparable with other companies that include these elements in cost of products sold.

Re-engineering Costs

As the Company continuously evaluates its operating structure in light of current business conditions and strives to maintain the most efficient possible structure, it periodically implements actions designed to reduce costs and improve operating efficiency. These actions often result in re-engineering costs related to headcount reductions and to facility downsizing and closure, as well as related asset write downs and other costs that may be necessary in light of the revised operating landscape. In addition, the Company may recognize gains or losses upon disposal of closed facilities or other activities directly related to its re-engineering efforts. Included in 2016 net income were pretax charges of $7.6 million for re-engineering and impairment charges, compared with $6.8 million and $11.0 million in 2015 and 2014, respectively.

Over the past three years, the Company has incurred such costs as detailed below that were included in the following income statement captions:

(In millions)	2016		2015		2014
Re-engineering and impairment charges	$	7.6	$	6.8	$	11.0
Cost of products sold	—		—		2.3
Total pretax re-engineering costs	$	7.6	$	6.8	$	13.3

The re-engineering and impairment charges incurred were primarily associated with headcount reductions in several of the Company's operations in connection with changes in its management and organizational structures, and in 2014, the decision to cease operating the Armand Dupree business in the United States, the Nutrimetics business in Thailand and a manufacturing plant in India. In 2014, this caption also included a write-off of $1.1 million in capitalized software in connection with a new information systems project.

See also Note 2 to the Consolidated Financial Statements, regarding the Company's re-engineering actions.

18

Fixed Asset Impairment

In February 2015, the Venezuelan government launched an overhaul of its foreign currency exchange structure, eliminating the SICAD 2 mechanism that the Company had referenced for translating and measuring its financial statements, replacing it with a new exchange mechanism called Simadi. During the first quarter of 2015, Simadi published a rate that was approximately 75 percent lower than the final SICAD 2 rate, which was expected to, and subsequently has, severely reduced the unit’s sales and profit. As a result, the Company deemed this change to be a triggering event to evaluate the $15.7 million of long-term fixed assets in Venezuela, which at that time, due to Venezuela being deemed hyperinflationary, had continued to be included on the balance sheet at the historical rates in effect when the assets were purchased. As a result of this evaluation, the Company recorded an impairment charge of $13.5 million to reduce the carrying value of its long-term fixed assets in Venezuela in the first quarter of 2015. This impairment charge was included in the re-engineering and impairment charge caption of the Company's consolidated income statement. There were no fixed asset impairments in 2016.

See Note 2 to the Consolidated Financial Statements for further details regarding the circumstances leading to the triggering event and the impairment conclusion.

Goodwill and Intangible Assets

In the third quarters of 2016 and 2015, the Company completed the annual assessments for all of its reporting units and indefinite-lived intangible assets, concluding there were no impairments. The Company only considers the goodwill balance of $73.2 million associated with the Fuller Mexico reporting unit to be significant relative to total equity.

This assessment included a step 1 analysis related to Fuller Mexico, for which the significant assumptions included annual revenue increases, beginning in 2017, ranging from 1 percent to 5 percent with an average growth rate of 4 percent, including a 3 percent growth rate used in calculating the terminal value. The discount rate used for Fuller Mexico was 14.8 percent. The amount by which the estimated fair value of the Fuller Mexico reporting unit exceeded its carrying value, at 20 percent, was more in the third quarter of 2016 than in the 2015 assessment, primarily due to an increase in the estimated fair market value in connection with improved market pricing metrics and other observable market conditions, as well as a lower carrying value in 2016, reflecting the amortization of the definite-lived Fuller tradename. Local currency sales in Fuller Mexico and operating profit have been declining since 2011 at which time the fair value of Fuller Mexico exceeded the carrying value by 77 percent. Since 2011, local currency sales declined 9 percent in 2012, 7 percent in 2013, 3 percent in 2014, 2 percent in 2015 and 7 percent in 2016. Over this same time period, operating profit as a percentage of sales declined from the mid-teens in 2012 to a high single-digit in 2016. This operating performance, over time, has led to a lower estimated fair value. This lower estimated fair value has been partially offset by lower discount rates and a lower entity carrying value from amortization of the definite-lived Fuller tradename asset, as well as a net asset position that has otherwise, over time, been reduced in light of the smaller scope of the business. Fuller Mexico continues to carry a year-over-year, total sales force size and field manager deficit as of the end of December, despite new programs aimed at higher rates of sales force additions and retention, though productivity is higher. Certain programs in place are aimed at creating a pipeline to identify strong candidates within the sales force who can be trained and motivated for promotion to field manager, a critical component of growth going forward. Fuller Mexico did see a sequential improvement in sales force additions, total sales force size deficit and field manager count from the end of the third quarter 2016 to the end of 2016. Though the estimated fair value of the reporting unit exceeded its carrying value in the annual assessment, a smaller sales force size and/or operating performance significantly below current expectations, including changes in projected future revenue, profitability and cash flow, as well as higher working capital, interest rates, or cost of capital, could have a negative effect on the fair value of the reporting unit. In addition, the Company is unable to predict, at this time, whether there will be a significant, long-term impact to the Fuller Mexico operations due to the change in the macro-economic environment in connection with the 2016 presidential election in the United States, which did have an impact on the business in the fourth quarter of 2016. Should the Company's programs and strategies to improve the key performance indicators as outlined above not be able to overcome the general trends in the business and/or the macro-economic impacts of the changing dynamic between the United States and Mexican governments, which could impact the long-term discount rate values used in estimating fair value, the estimated fair value of the reporting unit could fall below its carrying value. This could result in recording an impairment to the goodwill of Fuller Mexico, including prior to the 2017 annual assessment.

19

During the fourth quarter of 2016, the Company made the decision to combine NaturCare Japan and Tupperware Japan into a single operating segment in connection with on-going actions to stream-line operations in that geography. As a result, the goodwill previously associated with the NaturCare reporting unit was re-allocated between Japan, Korea and Malaysia/Singapore based on relative fair value of their respective NaturCare operations. The goodwill now associated with the respective operating segments is not considered significant relative to the total equity of the Company. These changes did not impact the geographical reporting segments.

Other than for the Fuller Mexico reporting unit, management has concluded there is no significant foreseeable risk of failing a future step 1 impairment test, nor is there significant foreseeable risk of the fair value of the indefinite-lived intangible assets falling below their respective carrying values. Given the sensitivity of fair value valuations to changes in cash flow or market multiples, the Company may be required to recognize an impairment of goodwill or indefinite-lived intangible assets in the future due to changes in market conditions or other factors related to the Company’s performance. Actual results below forecasted results or a decrease in the forecasted future results of the Company’s business plans or changes in discount rates could also result in an impairment charge, as could changes in market characteristics including declines in valuation multiples of comparable publicly-traded companies. Impairment charges would have an adverse impact on the Company’s net income and shareholders' equity.

Refer to Note 6 of the Consolidated Statements.

Gains on Disposal of Assets

The Company continues with its program to sell land for development near its Orlando, Florida headquarters, which began in 2002, recognizing pretax gains of $26.5 million, $12.9 million and $1.3 million under this program in 2016, 2015 and 2014, respectively. Gains on land transactions are recorded based upon when the transactions close and proceeds are collected. Transactions in one period may not be representative of what may occur in future periods. Since the Company began this program in 2002, cumulative proceeds from these sales have totaled $124.6 million with an additional $50 to $75 million expected as the program is completed, along with future capital spending associated with the development currently estimated in the $14 to $16 million range. The carrying value of the remaining land included in the Company's land sales program was $18.2 million as of 2016, which was included in property, plant and equipment held for use within the Consolidated Balance Sheet as it is not considered probable that any significant land sales will be completed within one year. The Company has concluded that the fair value of the land under this program significantly exceeded the carrying value as of the end of 2016 and will continue to do so into the foreseeable future. In 2014, the Company also recognized a gain of $1.1 million from the sale of land in Australia.

In 2015 and 2014, the Company entered into two joint ventures with a real estate development partner to develop land near the Company's Orlando headquarters. Fifty percent ownership in each joint venture was received in exchange for contributions of land with carrying values of $0.8 million and $3.1 million, in 2015 and 2014, respectively. During the third quarter of 2016, the Company recorded gains of $24.2 million in connection with the sale of the joint ventures. Total cash proceeds from the sale were $30.2 million, including $0.9 million related to the operation of the joint ventures during development. The income from the joint venture operations was recorded in other income on the Company's consolidated statement of income. The joint ventures had been recorded in other current assets using the equity method, and were included at a carrying value of $4.8 million in other current assets on the December 26, 2015 balance sheet.

Net Interest Expense

Net interest expense was $45.4 million in 2016, compared with $45.2 million in 2015. Interest expense increased in the year-over-year comparison reflecting more expense related to forward points from the Company's hedging activity, partially offset by lower interest expense on lower average borrowings.

Net interest expense was $45.2 million in 2015, compared with $43.5 million in 2014. Interest expense increased in the year-over-year comparison also reflecting more expense related to forward points from the Company's cash flow hedges, partially offset by lower interest expense on lower average borrowings and lower interest rates during the year.

Tax Rate

The effective tax rates for 2016, 2015 and 2014 were 25.8, 28.5 and 28.1 percent, respectively. The effective tax rates for 2016, 2015 and 2014 are below the U.S. statutory rate, reflecting the availability of excess foreign tax credits, as well as lower foreign effective tax rates.

20

Tax rates are affected by many factors, including the global mix of earnings, changes in tax legislation, acquisitions or dispositions as well as the tax characteristics of income. The Company is required to make judgments on the need to record deferred tax assets and liabilities, uncertain tax positions and assessments regarding the realizability of deferred tax assets in determining the income tax provision. The Company has recognized deferred tax assets based upon its analysis of the likelihood of realizing the benefits inherent in them. Tax laws are dynamic and subject to change as new laws are passed and new interpretations of the law are issued or applied. The Company’s existing corporate structure and intercompany arrangements have been implemented in a manner believed to be in compliance with current prevailing tax laws. However, the tax benefits that the Company intends to eventually derive could be undermined due to changing tax laws. In particular, the current U.S. administration and key members of Congress have made public statements indicating that tax reform is a priority. Due to the variety and differences among such proposals, and their lack of specificity, their potential impact cannot be evaluated at this time, but under certain scenarios, there is a risk that the Company could be obliged to write-off a significant amount of its deferred tax assets, which would be a non-cash charge to the Company's earnings.

At December 31, 2016 and December 26, 2015, the Company had valuation allowances against certain deferred tax assets totaling $24.8 million and $23.1 million, respectively. The increase in valuation allowance balance was from changes in foreign exchange rates. These valuation allowances relate to tax assets in jurisdictions where it is management's best estimate that there is not a greater than 50 percent probability that the benefit of the assets will be realized in the associated tax returns. This assessment is based upon expected future domestic results, future foreign dividends from current year earnings and cash flows and other foreign source income, including rents and royalties, as well as anticipated gains related to future sales of land held for development near the Company's Orlando, Florida headquarters. In addition, certain tax planning transactions may be entered into to facilitate realization of these benefits. In evaluating uncertain tax positions, the Company makes determinations regarding the application of complex tax rules, regulations and practices. Uncertain tax positions are evaluated based on many factors including but not limited to changes in tax laws, new developments and the impact of settlements on future periods. Refer to the critical accounting policies section and Note 12 to the Consolidated Financial Statements for additional discussions of the Company's methodology for evaluating deferred tax assets.

As of December 31, 2016 and December 26, 2015, the Company's gross unrecognized tax benefit was $20.7 million and $21.8 million, respectively. During the year ended December 31, 2016, the accrual for uncertain tax positions decreased by $3.1 million primarily due to the expiration of the statute of limitations in various jurisdictions. During the year, increases in uncertain positions being taken during the year in various foreign tax jurisdictions were partially offset by the impact of foreign exchange rate translation.

The Company estimates that it may settle one or more foreign and domestic audits in the next twelve months that may result in a decrease in the amount of accrual for uncertain tax positions of up to $2.0 million. For the remaining balance as of December 31, 2016, the Company is not able to reliably estimate the timing or ultimate settlement amount. While the Company does not currently expect material changes, it is possible that the amount of unrecognized benefit with respect to the uncertain tax positions will significantly increase or decrease related to audits in various foreign jurisdictions that may conclude during that period or new developments that could also, in turn, impact the Company's assessment relative to the establishment of valuation allowances against certain existing deferred tax assets. At this time, the Company is not able to make a reasonable estimate of the range of impact on the balance of unrecognized tax benefits or the impact on the effective tax rate related to these items.

21

Net Income

For 2016, operating income increased10 percent compared with 2015, which included a 10 point negative translation impact on the comparison from changes in foreign currency exchange rates. Net income increased20 percent on a reported basis. Excluding the translation impact of foreign exchange rates, net income was 34 percenthigher than 2015. The increase in local currency net income came primarily in South America, reflecting an improved gross margin and lower operating expenses on increased sales in Brazil, as well as $10.6 million in lower expenses related to inventory and net monetary assets in connection with the devaluation of the currency exchange rates in Venezuela in 2016 compared with 2015. Also contributing to the local currency net income increase was Asia Pacific with higher segment profit from higher gross margin, despite lower sales and Tupperware North America from higher sales and improved contribution margin. In addition, the Company had $13.6 million higher gains in connection with land transactions near the Company's Orlando headquarters, lower unallocated corporate costs, primarily reflecting incentive accruals under the Company's incentive plans, and a lower tax rate. These local currency increases were partially offset by lower segment profit in Europe primarily from lower sales volume and from higher promotional spending primarily in France, and by Beauty North America, primarily reflecting lower sales in the segment along with a lower gross margin in Fuller Mexico.

For 2015, operating income decreased 14 percent compared with 2014, which included a 28 percent negative translation impact on the comparison from changes in foreign currency exchange rates. Net income decreased 13 percent on a reported basis. Excluding the translation impact of foreign exchange rates, net income was 28 percent higher than 2014. The increase in local currency net income came primarily in South America, reflecting an improved gross margin and lower operating expenses on increased sales in Brazil, as well as $27.5 million in lower expenses related to inventory and net monetary assets in connection with the devaluation of the currency exchange rates in Venezuela during 2014 and 2015. Higher sales in Asia and Tupperware North America also contributed to the local currency net income increase, while Beauty North America, despite lower sales, benefited from value chain improvements by Beauticontrol that were launched in the second quarter of 2015. In addition, the Company had $11.0 million higher gains in connection with land transactions near the Company's Orlando headquarters. These local currency increases were partially offset by lower segment profit in Europe, despite being even in sales, higher unallocated corporate costs, primarily reflecting higher management incentive costs under the Company's incentive plans and the translation effect of changes in foreign currency exchange rates, as well as increased tax expense on significantly higher local currency pretax income.

International operations accounted for 91 percent of sales in 2016 and 2015 and 92 percent in 2014. They accounted for 99 percent of segment profit in both 2016 and 2015 and 100 percent in 2014.

22

Segment Results 2016 vs. 2015

(Dollars in millions)	2016			2015			Change					Change excluding the translation impact of foreign exchange		Translation foreign exchange impact			Percent of total
							Dollar			Percent							2016		2015
Net Sales
Europe	$	559.4		$	612.9		$	(53.5	)	(9)%		(5)%		$	(25.7	)	25	%	27	%
Asia Pacific	748.6			771.0			(22.4		)	(3	)	(1	)	(14.7		)	34		34
Tupperware North America	358.3			353.7			4.6			1		8		(23.0		)	16		15
Beauty North America	190.0			240.0			(50.0		)	(21	)	(10	)	(27.7		)	9		11
South America	356.8			306.2			50.6			17		30		(32.6		)	16		13
Total net sales	$	2,213.1		$	2,283.8		$	(70.7	)	(3)%		2%		$	(123.7	)	100	%	100	%
Segment profit
Europe	$	65.3		$	92.4		$	(27.1	)	(29)%		(25)%		$	(4.9	)	16	%	24	%
Asia Pacific	181.0			175.9			5.1			3		6		(4.5		)	46		45
Tupperware North America	69.7			67.4			2.3			3		16		(7.1		)	18		18
Beauty North America	(3.6		)	2.3			(5.9		)	-		-		(2.8		)	(1	)	1
South America	82.2			46.5			35.7			77		89		(3.1		)	21		12
Segment profit as a percent of sales
Europe	11.7		%	15.1		%	na			(3.4	)pp	(3.2	)pp	(0.2		)pp	na		na
Asia Pacific	24.2			22.8			na			1.4		1.5		(0.1		)	na		na
Tupperware North America	19.5			19.1			na			0.4		1.3		(0.9		)	na		na
Beauty North America	(1.9		)	1.0			na			(2.9	)	(1.7	)	(1.2		)	na		na
South America	23.0			15.2			na			7.8		7.1		0.7			na		na

____________________

pp    Percentage points

na    Not applicable

- Decrease is greater than 100 percent

Europe

Reported sales decreased9 percent in 2016 compared with 2015. Excluding the translation impact of foreign currency exchange rates, sales decreased by 5 percent, primarily reflecting reduced volume of products sold, which was partially offset by an average price increase of 1 percent in 2016.

Emerging markets accounted for $189.6 and $221.7 million of reported net sales in this segment in 2016 and 2015, respectively, which represented 34 percent and 36 percent of sales, respectively. On a local currency basis, the emerging market units' sales decreased by 5 percent, primarily reflecting a significant decrease in Egypt, due to curtailed shipments in response to the imposition of stricter currency controls in late 2015, and in Turkey, from a smaller, less active sales force due to the external environment and response to the Company's programs. These decreases were partially offset by a significant increase in Tupperware South Africa reflecting a significantly larger sales force and increased productivity.

23

Local currency sales in the Company’s established markets decreased by 5 percent, reflecting a less active sales force in Austria, a less active sales force in France due in part to the external environment and from a smaller sales force in Germany.

Segment profit decreased$27.1 million, or 29 percent in 2016 compared with 2015. Segment profit as a percentage of sales was 11.7 percent in 2016 compared with 15.1 percent in 2015. Excluding the translation impact of foreign currency exchange rates, segment profit decreased25 percent compared with 2015. On a local currency basis, the decrease in local currency segment profit was primarily due to lower sales volume and higher promotional spending, primarily in France.

The negative translation impact of foreign currency rates on the year-over-year comparison of sales versus the U.S. dollar was primarily attributable to a weaker euro, Egyptian pound, Russian ruble, South African rand and Turkish lira, while only the South African rand had a significant impact on the profit comparison.

The Company's business in Egypt declined beginning in the fourth quarter of 2015 and more significantly in 2016, from curtailed shipments related to currency controls and product certification requirements. Prior to the fourth quarter of 2015, Egypt had performed well, generating meaningful sales and profit increases and generating cash in Egyptian pounds. Product for this business is sourced primarily from the Company’s manufacturing facilities in Europe, and due to the imposition of the stricter currency controls beginning in 2015, the intercompany amount owed by the Egyptian business for the product and related costs totaled $7.1 million as of December 31, 2016, notwithstanding that the Egyptian subsidiary held $4.2 million worth of Egyptian pounds. In light of the currency restrictions, the Company does not expect its operations in Egypt to improve significantly in 2017.

Asia Pacific

Reported sales in Asia Pacific in 2016decreased3 percent compared with 2015. Excluding the translation impact of foreign currency exchange rates, the segment's sales decreased1 percent, including a 1 point benefit from the 53rd week in 2016. This decrease primarily reflected lower volume in Indonesia. The average price decrease for the segment was 1 percent.

Emerging markets accounted for $629.5 million and $646.6 million in 2016 and 2015, respectively, or 84 percent of the sales in this segment in both years. Total emerging market sales decreased$17.1 million, or 3 percent in 2016, compared with 2015. The comparison was negatively impacted by changes in foreign currency exchange rates totaling $18.8 million. Excluding the impact of foreign currencies, these markets' sales in 2016 were even with 2015. The most significant increases and decreases among the units included a decrease in India due mainly to changes made in the business under new guidelines for operating a direct selling business, including eliminating the requirement to purchase a demonstration set of products when joining the business and for much of the year, prizes for bringing a new seller into the business. As allowed, prizes upon activation of a new seller were instituted late in the year. In the fourth quarter, the Company also began implementing a requirement that all new and existing sales force members be registered with the government, and there was also an impact on the business from the government’s decision to remove existing high-denomination currency notes from circulation. Sales were also down in Indonesia due to a smaller sales force size and poor response to sales force programs, and the Philippines from fewer active sellers related to the exit of the fashion category in late 2015. These decreases were offset by an increase in China, where at the end of 2016, the Company operated 5,500 demonstration studios through independent distributors. The increase in China related to growth in the number of demonstration studios and higher studio productivity from 28 percent more members of the studios as of the end of the year, and successful digital and other marketing and product offerings. In addition, Malaysia/Singapore increased local currency sales, primarily due to increased productivity.

Reported sales in the established markets decreased4 percent. Excluding the impact of foreign currencies, these markets' sales decreased7 percent, primarily from a lower volume of products sold.

Total segment profit increased$5.1 million, or 3 percent, in 2016. Segment profit as a percentage of sales was 24.2 percent in 2016 compared with 22.8 percent in 2015. The segment profit comparison was negatively impacted by changes in foreign currency, and excluding this impact, segment profit increased6 percent compared with 2015, despite the lower local currency sales as a result of an improved gross margin.

24

The Chinese renminbi, Indian rupee, Japanese yen, Malaysian ringgit, and Philippine peso were the most significant currencies that led to the translation impact from foreign currencies on the year-over-year sales comparison. The Chinese renminbi and Malaysian ringgit were the main currencies that had a negative translation impact on the profit comparison.

Tupperware North America

Reported sales increased1 percent in 2016 compared with 2015. Excluding the translation impact of foreign currency exchange rates, sales increased8 percent versus the prior year, including a 1 point benefit from the 53rd week in 2016, reflecting growth in both Mexico and the United States and Canada. The increase in Mexico was primarily due to increased volume from a larger sales force. The United States and Canada also increased sales volume through a larger, more active sales force, despite having to manage through the impact of having modified the sales force compensation plan in the United States, announced in the fourth quarter of 2015 and effective in the first quarter 2016. The average price increase in this segment was 3 percent.

Segment profit increased$2.3 million, or 3 percent, in 2016 compared with 2015. Segment profit as a percentage of sales at 19.5 was 0.4 percentage points higher than 2015. Excluding the impact of changes in foreign currency exchange rates, segment profit increased16 percent, reflecting higher sales along with lower costs for implementing strategic initiatives and operating expenses in the United States and Canada.

The Mexican peso was the main foreign currency that impacted the year-over-year comparisons.

Beauty North America

Reported sales for this segment decreased21 percent in 2016 compared with 2015. Excluding the translation impact of foreign currency exchange rates, segment sales decreased10 percent, including a 1 point benefit from the 53rd week in 2016, reflecting lower sales in Beauticontrol from a smaller sales force and smaller order sizes, from a lack of traction from newer initiatives. Sales in Fuller Mexico also decreased reflecting a smaller sales force in light of a lower number of sales force field managers. Field managers are those directly responsible for sales force additions and motivating and training sales force members. The average price increase in this segment was 4 percent.

Segment profit decreased$5.9 million in 2016 compared with 2015. Segment profit as a percentage of sales, at negative 1.9 percent was 2.9 percentage points lower than 2015. Foreign currency exchange rates negatively impacted the comparison by $2.8 million. The decrease in local currency profit primarily reflected lower sales with a lower gross margin percentage at Fuller Mexico.

The Mexican peso was the main foreign currency that impacted the year-over-year comparisons.

South America

Reported sales for this segment increased17 percent in 2016 compared with 2015. Excluding the translation impact of changes in foreign currency exchange rates, sales increased30 percent with approximately one-third of the increase reflecting the impact of higher prices throughout the segment. There was also a 2 point benefit from the 53rd week in 2016. The remaining increase was the result of higher volume of products sold.

The most significant increase in local currency sales was in Brazil, the Company's largest business unit. The volume improvement reflected a significant sales force size advantage and higher productivity from the product mix sold and favorable response to consumer offers and electronic point-of-sales offers to the sales force. Argentina's sales also increased significantly, mainly due to higher prices in light of significant inflation.

Segment profit increased$35.7 million, or 77 percent, in 2016 compared with 2015, including a negative $3.1 million impact from changes in foreign currency exchange rates. Segment profit as a percentage of sales, at 23.0 percent, was 7.8 percentage points higher than in 2015. The most significant increase in local currency segment profit was in Brazil from the higher sales and improved gross margin percentage. Argentina and Venezuela also contributed to the increased local currency profit due to higher sales. In addition, there was $10.6 million less expense in 2016 in connection with items on the Venezuelan balance sheet that were impacted by the weakening of the currency exchange rate that occurred in 2016 and 2015. Venezuela is accounted for as hyperinflationary. As a consequence, amounts related to the translation of monetary assets when the exchange rate to the U.S. dollar fluctuates are recorded in income, whereas for non-hyperinflationary units they are recorded as a cumulative translation adjustment on the consolidated balance sheet.

25

The Argentine peso, Brazilian real and Venezuelan bolivar were the main currencies with significant negative translation impacts on the year-over-year comparisons.

Segment Results 2015 vs. 2014

(Dollars in millions)	2015			2014			Change					Change excluding the translation impact of foreign exchange		Translation foreign exchange impact			Percent of total
							Dollar			Percent							2015		2014
Net Sales
Europe	$	612.9		$	740.6		$	(127.7	)	(17)%		—	%	$	(125.3	)	27	%	28	%
Asia Pacific	771.0			839.6			(68.6		)	(8	)	1		(81.3		)	34		32
Tupperware North America	353.7			349.9			3.8			1		11		(30.4		)	15		14
Beauty North America	240.0			290.9			(50.9		)	(17	)	(6	)	(35.9		)	11		11
South America	306.2			385.1			(78.9		)	(20	)	25		(140.2		)	13		15
Total net sales	$	2,283.8		$	2,606.1		$	(322.3	)	(12)%		4%		$	(413.1	)	100	%	100	%
Segment profit
Europe	$	92.4		$	117.5		$	(25.1	)	(21)%		(5)%		$	(19.6	)	24	%	29	%
Asia Pacific	175.9			191.7			(15.8		)	(8	)	1		(17.7		)	45		47
Tupperware North America	67.4			68.3			(0.9		)	(1	)	12		(8.3		)	18		17
Beauty North America	2.3			1.3			1.0			82		+		(4.6		)	1		—
South America	46.5			27.1			19.4			71		+		(33.8		)	12		7
Segment profit as a percent of sales
Europe	15.1		%	15.9		%	na			(0.8	)pp	(0.8	)pp	—			na		na
Asia Pacific	22.8			22.8			na			—		(0.1	)	0.1			na		na
Tupperware North America	19.1			19.5			na			(0.4	)	0.3		(0.7		)	na		na
Beauty North America	1.0			0.4			na			0.6		2.3		(1.7		)	na		na
South America	15.2			7.0			na			8.2		17.9		(9.7		)	na		na

____________________

pp    Percentage points

na    Not applicable

+ Increase is greater than 100 percent

26

Europe

Reported sales decreased 17 percent in 2015 compared with 2014. Excluding the translation impact of foreign currency exchange rates, sales were even with 2014. The average price increase was 3 percent in 2015.

Emerging markets accounted for $221.7 and $246.6 million of reported net sales in this segment in 2015 and 2014, respectively, which represented 36 and 33 percent of sales in 2015 and 2014, respectively. On a local currency basis, the emerging market units' sales increased by 10 percent, primarily reflecting a significant increase in Tupperware South Africa due to significantly increased sales force activity in connection with successful sales force promotional programs and a significantly larger sales force in Egypt resulting from strong sales force additions and retention. As well, Avroy Shlain, the Company's beauty business in South Africa, had a significant increase in sales due to strong sales force additions that increased the sales force size and consequently the volume of products sold. These were partially offset by decreased sales in Turkey from lower productivity in connection with reduced consumer spending in light of political instability and terrorist and military activity.

Reported net sales in the Company’s established markets decreased by 21 percent. Excluding the translation impact of foreign currency exchange rates, sales decreased 5 percent, reflecting a smaller, less active sales force in France in light of impacts on sales force additions and party scheduling from terrorist attacks and changes in the structure of compensation for sales force managers, as well as a less active and less productive sales force in Italy. These decreases were partially offset by a slight increase in Germany from a larger sales force and its increased productivity.

Segment profit decreased $25.1 million, or 21 percent in 2015 compared with 2014. Segment profit as a percentage of sales was 15.1 percent in 2015 compared with 15.9 percent in 2014. Excluding the translation impact of foreign currency exchange rates, segment profit decreased 5 percent compared with 2014. On a local currency basis, the decrease in segment profit was primarily due to lower sales in units with relatively high contribution margins compared with the units that had increased sales, except in Turkey where the operating margin was lower than would be expected in light of increased distribution and promotional costs intended to support future sales growth, as well as increased administration costs.

The negative translation impact of foreign currency rates on the year-over-year comparison of sales versus the U.S. dollar was primarily attributable to a weaker euro, Russian ruble, South African rand and Turkish lira, while the euro, South African rand and the Turkish lira where the currencies that had a significant impact on the profit comparison.

Asia Pacific

Reported sales in Asia Pacific in 2015 decreased 8 percent compared with 2014. Excluding the translation impact of foreign currency exchange rates, the segment's sales increased 1 percent, reflecting growth in the emerging market businesses, primarily higher volume in China. The average price increase for the segment was 1 percent.

Emerging markets include and accounted for $646.6 million and $691.1 million, or 84 and 82 percent, of the sales in this segment in 2015 and 2014, respectively. Total emerging market sales decreased $44.5 million, or 6 percent, in 2015 compared with 2014. The comparison was negatively impacted by changes in foreign currency exchange rates totaling $57.7 million. Excluding the impact of foreign currencies, these markets' sales increased by 2 percent in 2015. The most significant contribution to the overall increase was in China, where at the end of 2015, the Company operated 5,200 demonstration studios through independent distributors. The increase in China primarily related to significant growth in the number of demonstration studios due to a positive response to new distributor and studio incentive programs, along with higher productivity in the studios located in more residential areas. The increase in China was partially offset by a decrease in Malaysia/Singapore, due to a less active and less productive sales force, despite a larger sales force from strong additions, reflecting high turnover in independent sales force leaders that are responsible for sales force additions, training and motivation. Indonesia was down slightly due to poor responses to consumer offers in light of an economic slowdown and a decrease in consumer spending.

Reported sales in the established markets decreased 16 percent. Excluding the impact of foreign currencies, these markets' sales decreased 2 percent, primarily from a lower volume of products sold.

Total segment profit decreased $15.8 million, or 8 percent, in 2015. Segment profit as a percentage of sales at 22.8 percent was even with 2014. The segment profit comparison was negatively impacted by changes in foreign currency, and excluding this impact, segment profit increased 1 percent compared with 2014, which generally follows the local currency net sales increase performance of the respective units.

27

The Australian dollar, Indonesian rupiah, Japanese yen and Malaysian ringgit were the most significant currencies that led to the negative translation impact from foreign currencies on the year-over-year sales comparison. The Indonesian rupiah and Malaysian ringgit were the main currencies that had a negative translation impact on the profit comparison.

Tupperware North America

Reported sales increased 1 percent in 2015 compared with 2014. Excluding the translation impact of foreign currency exchange rates, sales increased 11 percent versus the prior year, reflecting strong growth in both Mexico and the United States and Canada. The increase in Mexico was primarily due to increased volume from a larger sales force from programs geared towards the addition and training of new sales force members, as well as improved productivity in connection with higher pricing. The United States and Canada also increased sales volume through a larger sales force on strong additions, despite having to manage the impact from through modifications to the sales force compensation plan in Canada and the announcement, in the fourth quarter of 2015, that similar changes would occur in 2016 in the United States. The average price increase in this segment was 3 percent.

Segment profit decreased $0.9 million, or 1 percent, in 2015 compared with 2014. Segment profit as a percentage of sales at 19.1 percent was 0.4 percentage points lower in 2015 than in 2014. Excluding the impact of changes in foreign currency exchange rates, segment profit grew 12 percent, reflecting the contribution margin from higher sales along with an improved gross margin percentage and favorable product mix in Mexico. The segment profit in the United States and Canada decreased slightly due to increased operating expenses, as well as incremental expenses in connection with implementation and communication to the sales force of the compensation plan modifications.

The Mexican peso was the main foreign currency that impacted the year-over-year comparisons.

Beauty North America

Reported sales for this segment were down 17 percent in 2015. Excluding the impact of foreign currency exchange rates, sales decreased 6 percent reflecting a smaller, less active sales force in Fuller Mexico due to lower than expected additions and retention of sales force members in light of the competitive environment and macroeconomic conditions in that market, as well as high field manager turnover. Beauticontrol also had lower sales due to a smaller and less productive sales force, due in part to an updated sales force compensation plan that began in the second quarter of 2015. In addition, the decision in April 2014, to cease operating the Armand Dupree business in the United States had a 1 percentage point impact on the comparison. On average, prices increased in this segment by 5 percent.

Segment profit increased $1.0 million, or 82 percent, in 2015 compared with 2014. Segment profit as a percentage of sales, at 1.0 percent, was 0.6 percentage points higher than 2014. Foreign currency exchange rates negatively impacted the comparison by $4.6 million. The increase in local currency profit reflected a lower loss by Beauticontrol in connection with value chain improvements connected to the new sales force compensation plan, which included an improved gross margin from changes to the pricing structure, more efficient promotional spending and lower overall operating costs. This increase to segment profit was partially offset by lower profit at Fuller Mexico from lower sales with a lower gross margin percentage. The closure of Armand Dupree did not significantly impact the profit comparison.

The Mexican peso was the main foreign currency that impacted the year-over-year comparisons.

South America

Reported sales for this segment decreased 20 percent in 2015 compared with 2014. Excluding the translation impact of changes in foreign currency exchange rates, sales increased 25 percent. Of the 25 percent increase in sales in local currency, approximately half of the increase reflected the impact of higher prices, mainly in Argentina and Brazil. The remaining increase was the result of higher volume of products sold.

The most significant increase in local currency sales was in Brazil, primarily from higher volume of products sold along with increased prices. The volume improvement reflected a significant sales force size advantage, the launch of new, attractive products that energized the sales force and created demand from end consumers, driving higher productivity and electronic point-of-sales offers to the sales force. Argentina's sales also increased significantly due to higher prices in light of significant inflation.

28

Segment profit increased $19.4 million, or 71 percent, in 2015 compared with 2014, including a negative $33.8 million impact from changes in foreign currency exchange rates. Segment profit as a percentage of sales, at 15.2 percent, was 8.2 percentage points higher than in 2014. The most significant increase in local currency segment profit was in Brazil from the higher sales, an improved gross margin percentage and the benefit of not incurring incremental warehousing and distribution costs experienced in 2014. Argentina also contributed to the increased local currency profit due to higher sales and an improved gross margin percentage. In addition, there was $27.5 million less expense in 2015 in connection with items on the Venezuelan balance sheet that were impacted by the weakening of the currency exchange rate in Venezuela that occurred in 2014 and 2015. There was also a negative translation impact on the segment profit comparison from the devaluation of the Venezuelan bolivar in relation to the U.S. dollar of $19.1 million.

The Brazilian real and Venezuelan bolivar were the main currencies with significant negative translation impacts on the year-over-year comparisons.

Venezuela, which is under hyperinflationary accounting, was translated using the Simadi rate of about 199 bolivars to the U.S. dollar. The translation impact on the sales and profit year-over-year comparisons of weaker exchange rates in 2015 versus 2014 was $61.4 million and $19.1 million, respectively. The re-measurement of net monetary assets and recording in cost of sales of inventory at the exchange rate when it was purchased or manufactured was $14.9 million and $42.4 million in 2015 and 2014, respectively. In 2015, sales were $8.9 million and operating profit was $1.6 million, excluding fixed asset impairment charges of $13.5 million.

Financial Condition

Liquidity and Capital Resources

Net working capital was negative $2.3 million as of December 31, 2016, compared with negative $63.5 million as of December 26, 2015 and negative $105.0 million as of December 27, 2014. The current ratio was 1.0 to 1.0 at the end of 2016, and 0.9 to 1.0 at the end of 2015 and 2014.

The Company’s reported net working capital increased $61.2 million in 2016 compared with 2015. Excluding the negative $8.1 million impact due to changes in foreign currency exchange rates, working capital increased$69.3 million, primarily reflecting, in local currency, a $53.0 milliondecrease in short-term borrowings using cash generated in excess of dividends paid, an increase in cash of $19.6 million, and excluding the liabilities related to hedging activities, a decrease of $14.1 million in payables and accruals mainly due to the timing of payments around year-end. These increases were partially offset by a $10.4 million decrease in accounts receivable and a slight decrease in inventory.

The Company’s reported net working capital increased $41.5 million in 2015 compared with 2014. Excluding the negative $7.8 million impact due to changes in foreign currency exchange rates, working capital increased $49.3 million, primarily reflecting, in local currency, a $36.9 million decrease in short-term borrowings from the use of cash flow in excess of dividends paid, an $11.7 million decrease in accounts payable and accrued liabilities due to the timing of payments around year-end, as well as higher management incentive expenses, and an increase in cash of $12.4 million. These were partially offset by a decrease of $11.2 million in local currency in non-trade receivables, mainly related to hedging activities, and a slight decrease in inventory.

In June 2011, the Company completed the sale of $400 million in aggregate principal amount of 4.750% Senior Notes due June 1, 2021. On March 11, 2013, the Company issued and sold an additional $200.0 million in aggregate principal amount of these notes (both issuances together, the "Senior Notes"). The Senior Notes form a single series under the Indenture.

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On June 9, 2015, the Company and its wholly owned subsidiary Tupperware International Holdings B.V. (the “Subsidiary Borrower”), entered into Amendment No. 2 (the "Amendment”) to their multicurrency Amended and Restated Credit Agreement dated September 11, 2013, as amended by Amendment No. 1 dated June 2, 2014 (as so amended, the “Credit Agreement”). The Credit Agreement makes available to the Company and the Subsidiary Borrower a committed five-year credit facility in an aggregate amount of $600 million (the “Facility Amount”). The Credit Agreement provides (i) a revolving credit facility, available up to the full amount of the Facility Amount, (ii) a letter of credit facility, available up to $50 million of the Facility Amount, and (iii) a swingline facility, available up to $100 million of the Facility Amount. Each of such facilities is fully available to the Company and is available to the Subsidiary Borrower up to an aggregate amount not to exceed $325 million. The Company is permitted to increase, on up to three occasions, the Facility Amount by a total of up to $200 million (for a maximum aggregate Facility Amount of $800 million), subject to certain conditions including the agreement of the lenders. As of December 31, 2016, the Company had total borrowings of $104.0 million outstanding under its Credit Agreement, with $84.6 million of that amount denominated in euros.

The Company routinely increases its revolver borrowings under the Credit Agreement and uncommitted lines during each quarter to fund operating, investing and financing activities and uses cash available at the end of each quarter to reduce borrowing levels. As a result, the Company incurs more interest expense and has higher foreign exchange exposure on the value of its cash and debt during each quarter than would relate solely to the quarter end balances.

Loans taken under the Credit Agreement bear interest under a formula that includes, at the Company's option, one of three different base rates, plus an applicable spread. The Company generally selects the London Interbank Offered Rate ("LIBOR"). As of December 31, 2016, the Credit Agreement dictated a base rate spread of 150 basis points, which gave the Company a weighted average interest rate on LIBOR based borrowings of 1.50 percent on borrowings under the Credit Agreement. The LIBOR rate used in determining the interest cannot be below zero.

The Credit Agreement contains customary covenants, including financial covenants requiring minimum interest coverage and allowing a maximum amount of leverage. As of December 31, 2016, and currently, the Company had considerable cushion under its financial covenants. However, economic conditions, adverse changes in foreign exchange rates, lower than foreseen sales, profit and/or cash flow generation, the ability to access cash generated internationally in Argentina, China, Egypt or elsewhere, share repurchases or the occurrence of other events discussed under “Forward Looking Statements” and elsewhere could cause noncompliance.

See Note 7 to the Consolidated Financial Statements for further details regarding the Company's debt.

The Company monitors the financial stability of third-party depository institutions that hold its cash and cash equivalents and diversifies its cash and cash equivalents among counterparties, which minimizes exposure to any one of these entities. Furthermore, the Company is exposed to financial market risk resulting from changes in interest rates, foreign currency rates and the possible liquidity and credit risks of its counterparties. The Company believes that it has sufficient liquidity to fund its working capital and capital spending needs and its current dividend. This liquidity includes its year-end 2016 cash and cash equivalents balance of $93.2 million, cash flows from operating activities, and access to its $600 million Credit Agreement and other uncommitted lines of credit. As of December 31, 2016, the Company had $577.0 million of unused lines of credit, including $494.7 million available under its Credit Agreement and $82.3 million available under other uncommitted lines of credit. The Company has not experienced any limitations on its ability to access its committed facility.

Cash and cash equivalents (“cash”) totaled $93.2 million as of December 31, 2016. Of this amount, $92 million was held by foreign subsidiaries; of which about half was not currently eligible for repatriation due to the level of past statutory earnings by the foreign unit in which the cash was held or other local restrictions. The remaining cash is subject to repatriation tax effects with about 8 percent of cash being held in countries that were provided for in the Company's current year income tax provision. The remaining cash was generally held in countries in which the Company's current intent is to indefinitely reinvest these funds in its foreign units, as the cash is needed to fund ongoing operations. In the event circumstances change, leading to the conclusion that these funds will not be indefinitely reinvested, the Company would need to provide at that time for the income taxes that would be triggered upon their repatriation.

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The Company’s most significant foreign currency exposures are to the Brazilian real, Chinese renminbi, euro, Indonesian rupiah and Mexican peso. Business units in which the Company generated at least $100 million of sales in 2016 included Brazil, China, Fuller Mexico, Germany, Indonesia, Tupperware Mexico and Tupperware United States and Canada. Of these units, sales by Brazil and Tupperware United States and Canada exceeded $200 million. A significant downturn in the Company’s business in these units would adversely impact its ability to generate operating cash flows. Operating cash flows would also be adversely impacted by significant difficulties in the additions, retention and activity of the Company’s independent sales force or the success of new products, promotional programs and/or possibly changes in sales force compensation programs.

Operating Activities

Net cash provided by operating activities in 2016 was $238.6 million, compared with $225.7 million in 2015. The favorable comparison was primarily due to an increase in reported net income, which was net of a $18.9 million negative impact on the comparison from weaker foreign currency exchange rates in relation to the U.S. dollar. Additionally, there were cash inflows from a reduction in accounts receivable, along with lower outflows versus last year in connection with the Company's hedging activities, and cash taxes due to incremental cash paid in 2015, in connection with tax law reform in Mexico in 2013. These improvements were partially offset by an outflow in 2016 from a reduction in accounts payable and accrued liabilities due to timing of distributions around the end of the year.

Net cash provided by operating activities in 2015 was $225.7 million, compared with $284.1 million in 2014. The unfavorable comparison was primarily due to a decrease in reported net income, reflecting a $69.3 million impact of weaker foreign currency exchange rates in relation to the U.S. dollar. These weaker foreign exchange rates had a greater impact on the annual cash flow than net income, as the Company generated a significant share of its cash flow from operating activities during the fourth quarter of 2015 when foreign exchange rates were significantly weaker than the 2015 average. There were also cash outflows in connection with the Company's hedging activities, a smaller increase in accounts payable and accrued liabilities due to the timing of distributions around the ending of each year and higher income tax payments in light of higher income on a local currency basis, as well as incremental cash paid in connection with the Mexican tax law reform. These outflows were partially offset by decreased outflows in 2015 from a reduction in accounts receivable and inventory balances compared with outflows from these items in 2014.

Investing Activities

In 2016, 2015 and 2014, the Company spent $61.6 million, $61.1 million and $69.4 million, respectively, for capital expenditures. The most significant type of spending in all years was for molds for new products. The Company also spent $17 million, $18 million, and $20 million, in each respective year for the expansion of manufacturing capacity and supply chain capabilities, most significantly in Brazil, and $5 million, $7 million, and $11 million in those years on marketing offices to support expanding operations, as well as capital spent for various global information technology projects and vehicles in South Africa. In addition, in all years, the Company spent capital for land development near its Orlando headquarters.

Partially offsetting the capital spending were proceeds from the sale of long-term assets of $35.9 million, $18.0 million and $7.1 million in 2016, 2015, and 2014, respectively, primarily reflecting transactions associated with land near the Company's Orlando, Florida headquarters. In all years, there were also proceeds related to the sale of vehicles that had been purchased for the sales force, primarily in South Africa. In 2014, there was proceeds related to the sale of property in Australia for $1.1 million.

Financing Activities

In 2016, 2015 and 2014, the Company made net payments on long-term debt of $2.2 million, $2.6 million and $3.0 million, respectively, mainly related to its scheduled lease payments. In addition, the Company had net outflows of $52.0 million, $36.4 million and $2.2 million for reductions in borrowings under its revolving credit agreements in each of these respective periods.

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Dividends

During 2016, 2015 and 2014, the Company declared dividends of $2.72 per share of common stock totaling $138.8 million, $138.0 million and $135.5 million, respectively.

Going forward, the Company expects its Board of Directors to evaluate its dividend rate annually with its declaration in the first quarter of each year. In the first quarter of 2017, the Board voted to keep the regular quarterly dividend rate even with 2016, 2015 and 2014, at $0.68. In the first quarter of 2014, the Board increased the regular quarterly dividend per share to $0.68 per share from the $0.62 per share declared in 2013. The payment of a dividend on common shares is a discretionary decision and subject to a significant event that would require cash, the ability to continue to comply with debt covenants, cash needed to finance operations, making necessary investments in the future growth of the business, required or discretionary debt repayment obligations, the impacts of changes in foreign currency exchange rates, the ability to access internationally generated cash or other cash needs, as well as compliance with Delaware law regarding capital surplus. As well, if there is an event requiring the use of cash, such as a strategic acquisition, the Company would need to reevaluate whether to maintain its dividend payout.

Stock Option Exercises

During 2016, 2015 and 2014, the Company received proceeds of $0.8 million, $16.1 million and $15.7 million, respectively, related to the exercise of stock options. The corresponding shares were issued out of the Company’s balance held in treasury.

Stock Repurchases

In January 2017, the Company's Board of Directors extended its existing share repurchase authorization for open market share repurchases, which allows up to $2.0 billion to be spent, through February 1, 2020. During 2014 the Company repurchased in the open market 1.2 million shares under this program at an aggregate cost of $84.3 million. There were no share repurchases under this program during 2015 and 2016. Since inception of the program in May 2007, and through December 31, 2016, the Company repurchased 21.3 million shares at an aggregate cost of $1.29 billion. Going forward, in setting share repurchase amounts, the Company expects to target over time a debt-to-EBITDA ratio of 1.75 times consolidated funded debt (as defined in the Company's Credit Agreement). Based on the Company’s current debt level, its expected disbursements for dividends and its projected 2017 cash flow and its timing during the year, the Company does not currently plan to make open market share repurchases in 2017.

Employees are also allowed to use shares to pay withholding taxes, up to the minimum statutory amount, related to activity under all of the Company's stock incentive plans. For 2016, 2015 and 2014, the value of shares used for withholding taxes was $1.7 million, $1.5 million and $8.0 million, respectively, which is included as stock repurchases in the Consolidated Statement of Cash Flows.

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Contractual Obligations

The following summarizes the Company’s contractual obligations at December 31, 2016 and the effect such obligations are expected to have on its liquidity and cash flow in future periods.

(In millions)	Total		Less than 1 year		1-3 years		3-5 years		More than 5 years
Debt obligations	$	711.9	$	105.9	$	3.2	$	601.8	$	1.0
Interest payments on long term obligations	129.4		29.0		57.5		42.9		—
Pension benefits	142.3		13.2		38.6		23.9		66.6
Post-employment medical benefits	17.1		1.8		3.3		2.9		9.1
Income tax payments (a)	2.0		2.0		—		—		—
Capital commitments (b)	3.6		3.6		—		—		—
Operating lease obligations	110.2		30.3		38.2		13.4		28.3
Total contractual obligations (c)	$	1,116.5	$	185.8	$	140.8	$	684.9	$	105.0

____________________

(a) Other than the amount presented, the Company has not included in the table above, amounts related to its unrecognized tax positions, as it is unable to make a reliable estimate of the amount and period in which these items might lead to payments. As of December 31, 2016 the Company’s total gross unrecognized tax positions were $20.7 million. It is reasonably possible that the amount of uncertain tax positions could materially change within the next 12 months based on the results of tax examinations, expiration of statutes of limitations in various jurisdictions and additions due to ongoing transactions and activity. However, the Company is unable to estimate the impact of such events.

(b) Capital commitments represent signed agreements as of December 31, 2016 on several capital projects in process at the Company’s various units.

(c) The table excludes information on recurring purchases of inventory as these purchase orders are non-binding, are generally consistent from year to year, and are short-term in nature.

Application of Critical Accounting Policies and Estimates

Management’s Discussion and Analysis of Financial Condition and Results of Operations is based upon the Company’s Consolidated Financial Statements that have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported and disclosed amounts. Actual results may differ from these estimates under different assumptions or conditions. The Company believes the implementation of the following critical accounting policies are the most significantly affected by its judgments and estimates.

Allowance for Doubtful Accounts.

The Company maintains current receivable amounts with most of its independent distributors and sales force in certain markets. It also maintains long-term receivable amounts with certain of these customers. The Company regularly monitors and assesses its risk of not collecting amounts owed to it by customers. This evaluation is based upon an analysis of amounts current and past due, along with relevant history and facts particular to the customer. It is also based upon estimates of distributor business prospects, particularly related to the evaluation of the recoverability of long-term amounts due. This evaluation is performed market by market and account by account, based upon historical experience, market penetration levels and similar factors. It also considers collateral of the customer that could be recovered to satisfy debts. The Company records its allowance for doubtful accounts based on the results of this analysis. The analysis requires the Company to make significant estimates and as such, changes in facts and circumstances could result in material changes in the allowance for doubtful accounts. The Company considers any receivable balance not collected within its contractual terms past due.

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Inventory Valuation

The Company writes down its inventory for obsolescence or unmarketability in an amount equal to the difference between the cost of the inventory and estimated market value based upon expected future demand and pricing. The demand and pricing is estimated based upon the historical success of product lines as well as the projected success of promotional programs, new product introductions and new markets or distribution channels. The Company prepares projections of demand and pricing on an item by item basis for all of its products. If inventory on hand exceeds projected demand or the expected market value is less than the carrying value, the excess is written down to its net realizable value. However, if actual demand or the estimate of market value decreases, additional write-downs would be required.

Income Taxes

Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets also are recognized for credit carryforwards. Deferred tax assets and liabilities are measured using the enacted rates applicable to taxable income in the years in which the temporary differences are expected to reverse and the credits are expected to be used. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. At December 31, 2016 and December 26, 2015, the Company had valuation allowances against certain deferred tax assets totaling $24.8 million and $23.1 million, respectively. These valuation allowances relate to tax assets in jurisdictions where it is management's best estimate that there is not a greater than 50 percent probability that the benefit of the assets will be realized in the associated tax returns. At the end of 2016, the Company had gross domestic deferred tax assets of $444.5 million against which a valuation allowance of $3.7 million has been provided. Of these total assets, $106.1 million relates to recurring type temporary differences which reverse regularly and are replaced by newly originated items. The balance included assets of $92.8 million related to advanced payment agreements, which are expected to reverse over the next three years, and other deferred tax assets. The balance also included approximately $206.8 million of net foreign tax credits most of which would expire in the years 2018 through 2026 if not utilized. The Company estimates utilizing in 2017, between $80 to $90 million of the $206.8 million prior year foreign tax credits. The Company may choose to enter into additional advanced payment agreements with its foreign subsidiaries in the future. In addition, the Company has $6.4 million of federal net operating losses which would expire in the years 2020 through 2035 if not utilized, and $15.8 million of federal tax credits and other assets that have no expiration date. The balance also included $2.3 million of net state operating losses and other book versus tax asset differences of approximately $10.5 million.

The Company expects to have sufficient capacity to utilize all of the foreign tax credits through the generation of significant foreign source taxable income generated by intercompany royalties, mold rentals and future foreign dividends from then current earnings and cash flows. During 2016, the Company anticipates utilizing $61.5 million of foreign tax credits. The actual utilization amount will be finalized once the U.S. tax return is filed. In order to utilize the existing net foreign tax credits, the Company will be required to generate approximately $591 million of U.S. taxable foreign source income over the next nine years. The Company is projecting to generate U.S. taxable foreign source income in excess of the required amount to utilize all existing foreign tax credits associated with future foreign dividend repatriations. The Company expects to realize all of these assets in the normal course of business. In addition, certain tax planning transactions are available to the Company in order to facilitate realization of these benefits should they become necessary. The federal net operating losses are related to a subsidiary that is excluded from the federal consolidated tax return, and is engaged in land sales and development near the Company's Orlando, Florida headquarters. As such, the federal net operating losses do not impact the utilization of foreign tax credits. The Company believes the anticipated gains related to future sales of land and other income will be sufficient to realize, before they expire, the $6.4 million net operating loss of this subsidiary. These estimates are made based upon the Company's business plans and growth strategies in each market and are made on an ongoing basis; consequently, future material changes in the valuation allowance are possible. Any change in valuation allowance amounts are reflected in the period in which the change occurs.

As of December 31, 2016 and December 26, 2015, the Company's gross unrecognized tax benefit was $20.7 million and $21.8 million, respectively. During the year ended December 31, 2016, the accrual for uncertain tax positions decreased by $3.1 million primarily due to the expiration of the statute of limitations in various jurisdictions. During the year, increases in uncertain positions being taken during the year in various foreign tax jurisdictions were partially offset by the impact of changes in foreign exchange rates.

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Interest and penalties related to uncertain tax positions in the Company's global operations are recorded as a component of the provision for income taxes. Accrued interest and penalties were $7.1 million and $6.0 million as of December 31, 2016 and December 26, 2015, respectively. Interest and penalties included in the provision for income taxes totaled $1.1 million and $0.9 million for 2016 and 2014, respectively and no significant interest and penalties were included in the provision for income taxes for 2015.

The Company estimates that it may settle one or more foreign and domestic audits in the next twelve months that may result in a decrease in the amount of accrual for uncertain tax positions of up to $2.0 million. For the remaining balance as of December 31, 2016, the Company is not able to reliably estimate the timing or ultimate settlement amount. While the Company does not currently expect material changes, it is possible that the amount of unrecognized benefit with respect to the uncertain tax positions will significantly increase or decrease related to audits in various foreign jurisdictions that may conclude during that period or new developments that could also, in turn, impact the Company's assessment relative to the establishment of valuation allowances against certain existing deferred tax assets. At this time, the Company is not able to make a reasonable estimate of the range of impact on the balance of unrecognized tax benefits or the impact on the effective tax rate related to these items.

Promotional Accruals

The Company frequently makes promotional offers to its independent sales force to encourage them to meet specific goals or targets for sales levels, party attendance, addition of new sales force members or other business critical activities. The awards offered are in the form of product awards, special prizes or trips. The cost of these awards is recorded during the period over which the sales force qualifies for the award. These accruals require estimates as to the cost of the awards based upon estimates of achievement and actual cost to be incurred. The Company makes these estimates on a market by market and program by program basis. It considers the historical success of similar programs, current market trends and perceived enthusiasm of the sales force when the program is launched. During the promotion qualification period, actual results are monitored and changes to the original estimates that are necessary are made when known.

Goodwill and Intangible Assets

The Company’s goodwill and intangible assets relate primarily to the December 2005 acquisition of the direct-to-consumer businesses of Sara Lee Corporation. The Company does not amortize its goodwill or indefinite-lived tradename intangible assets. Instead, the Company performs an annual impairment assessment of these assets, or more frequently if events or changes in circumstances indicate they may be impaired. In 2016, the Company performed the annual assessments for all of its reporting units and indefinite-lived intangible assets, concluding there were no impairments. The Company only considers the goodwill balance of $73.2 million associated with the Fuller Mexico reporting unit to be significant relative to total equity. Refer to Note 1 and Note 6 of the Consolidated Financial Statements regarding the annual process for evaluating goodwill and intangible assets and the specific assumptions used in the 2016 evaluations, respectively.

The amount by which the estimated fair value of the Fuller Mexico reporting unit exceeded its carrying value, at 20 percent, was more in the third quarter of 2016 than in the 2015 assessment, primarily due to an increase in the estimated fair market value in connection with improved market pricing metrics and other observable market conditions, as well as a lower carrying value in 2016, reflecting the amortization of the definite-lived Fuller tradename. Though the estimated fair value of the reporting unit exceeded its carrying value in the annual assessment, a smaller sales force size and/or operating performance significantly below current expectations, including changes in projected future revenue, profitability and cash flow, as well as higher working capital, interest rates, or cost of capital, could have a negative effect on the fair value of the reporting unit. In addition, the Company is unable to predict, at this time, whether there will be a significant, long-term impact to the Fuller Mexico operations due to the change in the macro-economic environment in connection with the 2016 presidential election in the United States, which did have an impact on the business in the fourth quarter of 2016. Should the Company's programs and strategies to improve the key performance indicators as outlined above not be able to overcome the general trends in the business and/or the macro-economic impacts of the changing dynamic between the United States and Mexican governments, which could impact the long-term discount rate values used in estimating fair value, the estimated fair value of the reporting unit could fall below its carrying value. This could result in recording an impairment to the goodwill of Fuller Mexico, including prior to the 2017 annual assessment.

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As of the date of the last valuation, holding all other assumptions constant, a one percent increase to the discount rate would reduce the amount by which the estimated fair value of the Fuller Mexico reporting unit exceeded its carrying value to 12 percent. Similarly, holding all assumptions constant, if the sales growth rates were reduced so that the average growth rate were 3 percent, the amount by which the estimated fair value exceeded its carrying value at September 2016 would be reduced from 20 percent to 8 percent.

Other than for the Fuller Mexico reporting unit, management has concluded there is no significant foreseeable risk of failing a future step 1 impairment test, nor is there significant foreseeable risk of the fair value of the indefinite-lived intangible assets falling below their respective carrying values. Given the sensitivity of fair value valuations to changes in cash flow or market multiples, the Company may be required to recognize an impairment of goodwill or indefinite-lived intangible assets in the future due to changes in market conditions or other factors related to the Company’s performance. Actual results below forecasted results or a decrease in the forecasted future results of the Company’s business plans or changes in discount rates could also result in an impairment charge, as could changes in market characteristics including declines in valuation multiples of comparable publicly-traded companies. Impairment charges would have an adverse impact on the Company’s net income and shareholders' equity.

Retirement Obligations

Pensions

The Company records pension costs and the funded status of its defined benefit pension plans using the applicable accounting guidance for defined benefit pension and other post-retirement plans. This guidance requires that amounts recognized in the financial statements be determined on an actuarial basis. The measurement of the retirement obligations and costs of providing benefits under the Company’s pension plans involves various factors, including several assumptions. The Company believes the most critical of these assumptions are the discount rate and the expected long-term rate of return on plan assets.

The Company determines the discount rate primarily by reference to rates of high-quality, long-term corporate and government bonds that mature in a pattern similar to the expected payments to be made under the plans. The discount rate assumptions used to determine pension expense for the Company’s U.S. and foreign plans were as follows:

Discount Rate	2016		2015		2014
U.S. Plans	3.9	%	3.6	%	3.9	%
Foreign Plans	2.3		2.4		2.6

The Company has established strategic asset allocation percentage targets for significant asset classes with the aim of achieving an appropriate balance between risk and return. The Company periodically revises asset allocations, where appropriate, in an effort to improve return and manage risk. The estimated rate of return is based on long-term expectations given current investment objectives and historical results. The expected rate of return assumptions used by the Company for its U.S. and foreign plans were as follows:

Expected rate of return	2016		2015		2014
U.S. Plans	8.3	%	8.3	%	8.3	%
Foreign Plans	3.2		3.4		3.8

The following table highlights the potential impact on the Company’s annual pension expense due to changes in certain key assumptions with respect to the Company’s pension plans, based on assets and liabilities at December 31, 2016:

(In millions)	Increase			Decrease
Discount rate change by 50 basis points	$	(1.6	)	$	1.8
Expected rate of return on plan assets change by 50 basis points	(0.5		)	0.5

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Other Post Retirement Benefits

The Company accounts for its post-retirement benefit plan in accordance with applicable accounting guidance, which requires that amounts recognized in financial statements be determined on an actuarial basis. This determination requires the selection of various assumptions, including a discount rate, to value benefit obligations. The Company determines the discount rate primarily by reference to rates of return on high-quality, long term corporate bonds that mature in a pattern similar to the expected payments to be made under the plan. The discount rate assumptions used by the Company to determine other post-retirement benefit expense were 4.0 percent, 3.8 percent, and 4.5 percent for the 2016, 2015 and 2014 fiscal years, respectively. A change in discount rate of 50 basis points would not materially change the annual expense associated with the plan.

Revenue Recognition

Revenue is recognized when the price is fixed, the title and risks and rewards of ownership have passed to the customer who, in most cases, is one of the Company’s independent distributors or a member of its independent sales force, and when collection is reasonably assured. Depending on the contractual arrangements for each business, revenue is recognized upon either delivery or shipment, which is when title and risk and rewards of ownership have passed to the customer. When revenue is recorded, estimates of returns are made and recorded as a reduction of revenue. Discounts earned based on promotional programs in place, volume of purchases or other factors are also estimated at the time of revenue recognition and recorded as a reduction of that revenue.

Stock-Based Compensation

The Company measures compensation cost for stock-based awards at fair value and recognizes compensation over the service period for awards expected to vest. The Company uses the Black-Scholes option-pricing model to value stock options, which requires the input of assumptions, including dividend yield, risk-free interest rate, the estimated length of time employees will retain their vested stock options before exercising them (expected term) and the estimated volatility of the Company's common stock price over the expected term. Furthermore, in calculating compensation expense for these awards, the Company is also required to estimate the extent to which options will be forfeited prior to vesting (forfeitures). Many factors are considered when estimating expected forfeitures, including employee class and historical experience.

Impact of Inflation

Inflation, as measured by consumer price indices, has continued at a low level in most of the countries in which the Company operates, except in South America, particularly in Argentina and Venezuela.

New Pronouncements

Refer to Note 1 to the Consolidated Financial Statements for a discussion of new accounting pronouncements.

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Item 7A.    Quantitative and Qualitative Disclosures About Market Risk.

One of the Company's market risks is its exposure to the impact of interest rate changes on its borrowings. The Company has elected to manage this risk through the maturity structure of its borrowings and the currencies in which it borrows.

Loans taken under the Credit Agreement are of a short duration and bear interest under a formula that includes, at the Company's option, one of three different base rates, plus an applicable spread. The Company generally selects the London interbank offered rate ("LIBOR") as its base rate. Although the Company’s euro LIBOR base rate was below zero throughout 2016 and currently, under the Credit Agreement, the base rate cannot be below zero. As of December 31, 2016, the Credit Agreement dictated a spread of 150 basis points, which gave the Company a weighted average interest rate on its U.S. dollar and euro denominated LIBOR based borrowings under the Credit Agreement of 1.50 percent.

As of December 31, 2016, the Company had total borrowings of $104.0 million outstanding under its Credit Agreement, with $84.6 million denominated in euro. If short-term interest rates varied by 10 percent, which in the Company's case would mean short duration U.S. dollar and euro LIBOR, with all other variables remaining constant, the Company's annual interest expense would not be significantly impacted.

The Company routinely increases its revolver borrowings under the Credit Agreement and uncommitted lines during each quarter to fund operating, investing and financing activities and uses cash available at the end of each quarter to reduce borrowing levels. As a result, the Company incurs more interest expense and has higher foreign exchange exposure on the value of its cash and debt during each quarter than would relate solely to the quarter end balances.

A significant portion of the Company's sales and profit come from its international operations. Although these operations are geographically dispersed, which partially mitigates the risks associated with operating in particular countries, the Company is subject to the usual risks associated with international operations. These risks include local political and economic environments and relations between foreign and U.S. governments.

Another economic risk of the Company is exposure to changes in foreign currency exchange rates on the earnings, cash flows and financial position of its international operations. The Company is not able to project, in any meaningful way, the effect of these possible fluctuations on translated amounts or future earnings. This is due to the Company's constantly changing exposure to various currencies, the fact that all foreign currencies do not react in the same manner in relation to the U.S. dollar and the large number of currencies involved, although the Company's most significant income and cash flow exposures are to the Brazilian real, Chinese renminbi, euro, Indonesian rupiah and Mexican peso.

Although this currency risk is partially mitigated by the natural hedge arising from the Company's local product sourcing in many countries, a strengthening U.S. dollar generally has a negative impact on the Company. In response to this fact, the Company uses financial instruments, such as forward contracts, to hedge its exposure to certain foreign exchange risks associated with a portion of its investment in international operations. In addition to hedging against the balance sheet impact of changes in exchange rates, the hedge of investments in international operations also has the effect of hedging a portion of cash flows from those operations. The Company also hedges, with these instruments, certain other exposures to various currencies arising from amounts payable and receivable, non-permanent intercompany transactions and a portion of purchases forecasted for generally up to the following 15 months. The Company does not seek to hedge the impact of currency fluctuations on the translated value of the sales, profit or cash flow generated by its operations.

While the Company's derivatives that hedge a portion of its equity in its foreign subsidiaries and its fair value hedges of balance sheet risks all work together to mitigate its exposure to foreign exchange gains or losses, they result in an impact to operating cash flows as they are settled. The net cash flow impact of these currency hedges were outflows of $2.7 million and $17.0 million and an inflow $4.6 million in 2016, 2015 and 2014, respectively.

38

The U.S. dollar equivalent of the Company's most significant net open forward contracts as of December 31, 2016 were to buy U.S. dollars worth $60.5 million and euro $46.9 million and to sell Mexican pesos worth $32.6 million. In agreements to sell foreign currencies in exchange for U.S. dollars, for example, an appreciating dollar versus the opposing currency would generate a cash inflow for the Company at settlement, with the opposite result in agreements to buy foreign currencies for U.S. dollars. The notional amounts change based upon changes in the Company's outstanding currency exposures. Based on rates existing as of December 31, 2016, the Company was in a net receivable position of approximately $9.4 million related to its currency hedges under forward contracts, which upon settlement, could have a significant impact on the Company's cash flow. The Company records the impact of forward points in net interest expense.

A precise calculation of the impact of currency fluctuations is not practical since some of the contracts are between non-U.S. dollar currencies. The Company continuously monitors its foreign currency exposure and expects to enter into additional contracts to hedge exposure in the future. See further discussion regarding the Company's hedging activities for foreign currency in Note 8 to the Consolidated Financial Statements.

The Company is subject to credit risks relating to the ability of counterparties of hedging transactions to meet their contractual payment obligations. The risks related to creditworthiness and non performance have been considered in the determination of fair value for the Company's foreign currency forward exchange contracts. The Company continues to closely monitor its counterparties and will take action, as appropriate and possible, to further manage its counterparty credit risk.

The Company is also exposed to rising material prices in its manufacturing operations and, in particular, the cost of oil and natural gas-based resins, including the fact that in some cases resin prices are actually in, or are based on, currencies other than that of the unit buying the resin, which introduces a currency exposure that is incremental to the exposure to changing market prices. Resins are the primary material used in production of most Tupperware^® products, and the Company estimates that 2017 cost of sales will include approximately $135 million for the cost of resin in the Tupperware^® brand products it produces and has contract manufactured. The Company uses many different kinds of resins in its products. About three-fourths of its resins are “polyolefins” (simple chemical structure, easily refined from oil and natural gas), and as such, the price of these is typically strongly affected by the underlying price of those commodities. The remaining one-fourth of its resins is more highly engineered, where the price of oil and natural gas plays a less direct role in determining price. With a comparable product mix and exchange rates, a 10 percent fluctuation in the cost of resin would impact the Company's annual cost of sales by approximately $13 million compared with the prior year. For 2016, the Company estimates there was a $3.5 million positive local currency impact on its gross margin related to sales of the Tupperware^® products it produced and had contract manufactured due to resin cost changes, as compared with 2015. For full year 2017, the estimated impact of resin cost changes, on a local currency basis, on the Company's gross margin related to sales of the Tupperware^® products it produces and has contract manufactured is negative $9 million, as compared with 2016. In addition to the impact of the price of oil and natural gas, the price the Company pays for its resins is also impacted by the relative changes in supply and demand. The Company partially manages its risk associated with rising resin costs by utilizing a centralized procurement function that is able to take advantage of bulk discounts while maintaining multiple suppliers, and also enters into short-term pricing arrangements. It also manages its margin through cash flow hedges in some cases when it purchases resin in currencies, or effectively in currencies, other than that of the purchasing unit, through the pricing of its products, with price increases on its product offerings generally in line with consumer inflation in each market, and its mix of sales through its promotional programs and promotionally priced offers. It also, on occasion, makes advance material purchases to take advantage of current favorable pricing. At this point in time, the Company has determined that entering into forward contracts for resin is not practical or cost beneficial and has no such contracts in place. However, should circumstances warrant, the Company may consider such contracts in the future.

The Company has a program to sell land held for development around its Orlando, Florida headquarters ("Orlando Land"). This program is exposed to the risks inherent in the real estate development process. Included among these risks is the ability to obtain all necessary government approvals, the success of attracting tenants for commercial or residential developments in the Orlando real estate market, obtaining financing and general economic conditions, such as interest rate increases. Based on the variety of factors that impact the Company's ability to close sales transactions, it cannot predict when the program will be completed.

39

Forward-Looking Statements

Certain written and oral statements made or incorporated by reference from time to time by the Company or its representatives in this report, other reports, filings with the Securities and Exchange Commission, press releases, conferences or otherwise are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this report or elsewhere that are not based on historical facts or information are forward-looking statements. Such forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those projected in forward-looking statements. Such risks and uncertainties include, among others, the following:

• successful recruitment, retention and productivity levels of the Company's independent sales forces;

• disruptions caused by the introduction of new or revised distributor operating models or sales force compensation systems or allegations by equity analysts, former distributors or sales force members, government agencies or others as to the legality or viability of the Company's business model, particularly in India;

• success of new products and promotional programs;

• the ability to implement appropriate product mix and pricing strategies;

• governmental regulation of materials used in products coming into contact with food (e.g. polycarbonate), as well as beauty, personal care and nutritional products;

• the ability to procure and pay for at reasonable economic cost, sufficient raw materials and/or finished goods to meet current and future consumer demands at reasonable suggested retail pricing levels in certain markets, particularly Argentina, Ecuador, Egypt and Venezuela due to government regulations and restrictions;

• the impact of changes in consumer spending patterns and preferences, particularly given the global nature of the Company's business;

• the value of long-term assets, particularly goodwill and indefinite and definite lived intangibles associated with acquisitions, and the realizability of the value of recognized tax assets;

• changes in plastic resin prices, other raw materials and packaging components, the cost of converting such items into finished goods and procured finished products and the cost of delivering products to customers;

• the introduction of Company operations in new markets outside the United States;

• general social, economic and political conditions in markets, such as in Argentina, Brazil, Ecuador, Egypt, Greece, Kazakhstan, Russia, Turkey, Ukraine and Venezuela and other countries impacted by such events;

• issues arising out of the sovereign debt in the countries in which the Company operates, such as in Argentina and those in the Euro zone, resulting in potential economic and operational challenges for the Company's supply chains, heightened counterparty credit risk due to adverse effects on customers and suppliers, exchange controls (such as in Argentina, Egypt, and Venezuela) and translation risks due to potential impairments of investments in affected markets and the potential for banks with which the Company maintains lines of credit to be unable to fulfill their commitments;

• disruptions resulting from either internal or external labor strikes, work stoppages, or similar difficulties;

• changes in cash flow resulting from changes in operating results, including from changes in foreign exchange rates, working capital management, debt payments, share repurchases and hedge settlements;

• the impact of currency fluctuations on the value of the Company's operating results, assets, liabilities and commitments of foreign operations generally, including their cash balances during and at the end of quarterly reporting periods, the results of those operations, the cost of sourcing products across geographies and the success of foreign hedging and risk management strategies;

• the impact of natural disasters, terrorist activities and epidemic or pandemic disease outbreaks;

40

• the ability to repatriate, or otherwise make available, cash in the United States and to do so at a favorable foreign exchange rate and with favorable tax ramifications, particularly from Argentina, Brazil, China, Egypt, India, Indonesia, and Mexico;

• the ability to obtain all government approvals on, and to control the cost of infrastructure obligations associated with, property, plant and equipment;

• the ability to timely and effectively implement, transition, maintain and protect necessary information technology systems and infrastructure;

• the ability to attract and retain certain executive officers and key management personnel;

• the success of land buyers in attracting tenants for commercial and residential development and obtaining financing;

• the costs and covenant restrictions associated with the Company's credit arrangements;

• integration of non-traditional product lines into Company operations;

• the effect of legal, regulatory and tax proceedings, as well as restrictions imposed on the Company's operations or Company representatives by foreign governments, including exposure to tax and registration responsibilities imposed on the sales force and their potential impact on the sales force's value chain and resulting disruption to the business and actions taken by governments to set or restrict the freedom of the Company to set its own prices or its suggested retail prices for product sales by its sales force to end consumers and actions taken by governments to restrict the ability to convert local currency to other currencies in order to satisfy obligations outside the country generally, and in particular Argentina, Egypt, India and Venezuela;

• the effect of competitive forces in the markets in which the Company operates, particularly related to sales of beauty, personal care and nutritional products, where there are a greater number of competitors;

• the impact of counterfeit and knocked-off products in the markets in which the Company operates and the effect this can have on the confidence of the Company's sales force members;

• the impact of changes, changes in interpretation of or challenges to positions taken by the Company with respect to U.S. federal, state and foreign tax or other laws, including with respect to non-income taxes issues in India and the Philippines;

• the Company's access to, and the costs of, financing; and

• other risks discussed in Item 1A, Risk Factors, as well as the Company's Consolidated Financial Statements, Notes, other financial information appearing elsewhere in this report and the Company's other filings with the United States Securities and Exchange Commission.

Other than updating for changes in foreign currency exchange rates through its monthly website updates, the Company does not intend to update forward-looking information, except through its quarterly earnings releases, unless it expects diluted earnings per share for the current quarter, excluding items impacting comparability and changes versus its guidance of the impact of changes in foreign exchange rates, to be significantly below its previous guidance.

Investors should also be aware that while the Company does, from time to time, communicate with securities analysts, it is against the Company's policy to disclose to them any material non-public information or other confidential commercial information. Accordingly, it should not be assumed that the Company agrees with any statement or report issued by any analyst irrespective of the content of the confirming financial forecasts or projections issued by others.

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Item 8. Financial Statements and Supplementary Data.

Tupperware Brands Corporation

Consolidated Statements of Income

	Year Ended
(In millions, except per share amounts)	December 31, 2016		December 26, 2015		December 27, 2014
Net sales	$	2,213.1	$	2,283.8	$	2,606.1
Cost of products sold	715.0		744.4		884.0
Gross margin	1,498.1		1,539.4		1,722.1
Delivery, sales and administrative expense	1,170.8		1,217.6		1,346.1
Re-engineering and impairment charges	7.6		20.3		11.0
Gains on disposal of assets	27.3		13.7		2.7
Operating income	347.0		315.2		367.7
Interest income	3.4		2.4		3.0
Interest expense	48.8		47.6		46.5
Other expense	0.3		10.1		26.0
Income before income taxes	301.3		259.9		298.2
Provision for income taxes	77.7		74.1		83.8
Net income	$	223.6	$	185.8	$	214.4
Basic earnings per common share	$	4.43	$	3.72	$	4.28
Diluted earnings per common share	$	4.41	$	3.69	$	4.20

The accompanying notes are an integral part of these financial statements.

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Tupperware Brands Corporation

Consolidated Statements of Comprehensive Income

	Year Ended
(In millions)	December 31, 2016			December 26, 2015			December 27, 2014
Net income	$	223.6		$	185.8		$	214.4
Other comprehensive income (loss):
Foreign currency translation adjustments	(53.7		)	(122.3		)	(85.2		)
Deferred gain (loss) on cash flow hedges, net of tax benefit (provision) of ($0.4), $1.1 and ($1.3), respectively	0.6			(3.5		)	5.6
Pension and other post-retirement income (costs), net of tax benefit (provision) of $0.4, ($6.2) and $4.7, respectively	3.6			12.5			(12.3		)
Other comprehensive loss	(49.5		)	(113.3		)	(91.9		)
Total comprehensive income	$	174.1		$	72.5		$	122.5

The accompanying notes are an integral part of these financial statements.

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Tupperware Brands Corporation

Consolidated Balance Sheets

(In millions, except share amounts)	December 31, 2016			December 26, 2015
ASSETS
Cash and cash equivalents	$	93.2		$	79.8
Accounts receivable, less allowances of $32.6 and $32.7, respectively	125.3			142.7
Inventories	240.4			254.6
Non-trade amounts receivable, net	64.9			45.5
Prepaid expenses and other current assets	21.5			27.9
Total current assets	545.3			550.5
Deferred income tax benefits, net	539.7			524.9
Property, plant and equipment, net	259.8			253.6
Long-term receivables, less allowances of $11.0 and $11.2, respectively	13.2			13.2
Tradenames, net	67.3			82.7
Goodwill	132.6			146.3
Other assets, net	29.9			27.0
Total assets	$	1,587.8		$	1,598.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	117.7		$	126.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	105.9			162.5
Accrued liabilities	324.0			324.8
Total current liabilities	547.6			614.0
Long-term debt and capital lease obligations	606.0			608.2
Other liabilities	221.4			215.0
Shareholders' equity:
Preferred stock, $0.01 par value, 200,000,000 shares authorized; none issued	—			—
Common stock, $0.01 par value, 600,000,000 shares authorized; 63,607,090 shares issued	0.6			0.6
Paid-in capital	208.6			205.5
Retained earnings	1,455.3			1,371.2
Treasury stock, 12,969,165 and 13,170,517 shares, respectively, at cost	(880.2		)	(894.3		)
Accumulated other comprehensive loss	(571.5		)	(522.0		)
Total shareholders' equity	212.8			161.0
Total liabilities and shareholders' equity	$	1,587.8		$	1,598.2

The accompanying notes are an integral part of these financial statements.

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Tupperware Brands Corporation

Consolidated Statements of Shareholders' Equity

	Common Stock			Treasury Stock					Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Loss			Total Shareholders' Equity
(In millions, except per share amounts)	Shares	Dollars		Shares		Dollars
December 28, 2013	63.6	$	0.6	13.3		$	(898.4	)	$	178.3		$	1,289.2		$	(316.8	)	$	252.9
Net income												214.4						214.4
Other comprehensive loss															(91.9		)	(91.9		)
Cash dividends declared ($2.72 per share)												(137.8		)				(137.8		)
Repurchase of common stock				1.2		(84.3		)										(84.3		)
Income tax benefit from stock and option awards									6.3									6.3
Stock and options issued for incentive plans				(0.6	)	37.7			6.1			(17.6		)				26.2
December 27, 2014	63.6	$	0.6	13.9		$	(945.0	)	$	190.7		$	1,348.2		$	(408.7	)	$	185.8
Net income												185.8						185.8
Other comprehensive loss															(113.3		)	(113.3		)
Cash dividends declared ($2.72 per share)												(137.5		)				(137.5		)
Income tax benefit from stock and option awards									6.0									6.0
Stock and options issued for incentive plans				(0.7	)	50.7			8.8			(25.3		)				34.2
December 26, 2015	63.6	$	0.6	13.2		$	(894.3	)	$	205.5		$	1,371.2		$	(522.0	)	$	161.0
Net income												223.6						223.6
Other comprehensive loss															(49.5		)	(49.5		)
Cash dividends declared ($2.72 per share)												(139.1		)				(139.1		)
Income tax provision from stock and option awards									(1.7		)							(1.7		)
Stock and options issued for incentive plans				(0.2	)	14.1			4.8			(0.4		)				18.5
December 31, 2016	63.6	$	0.6	13.0		$	(880.2	)	$	208.6		$	1,455.3		$	(571.5	)	$	212.8

The accompanying notes are an integral part of these financial statements.

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Tupperware Brands Corporation

Consolidated Statements of Cash Flow

	Year Ended
(In millions)	December 31, 2016			December 26, 2015			December 27, 2014
Operating Activities:
Net income	$	223.6		$	185.8		$	214.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	57.5			62.4			63.7
Equity compensation	20.0			20.0			18.9
Unrealized foreign exchange losses	0.4			7.2			29.2
Amortization and write-off of deferred debt costs	0.6			0.8			0.6
Net gains on disposal of assets, including insurance recoveries	(25.8		)	(13.1		)	(2.5		)
Provision for bad debts	11.1			12.8			13.5
Write-down of inventories	10.8			14.3			17.8
Non-cash impact of impairment costs and re-engineering	—			13.5			1.6
Net change in deferred income taxes	(32.9		)	(45.2		)	(59.9		)
Excess tax benefits from share-based payment arrangements	(0.6		)	(6.0		)	(6.3		)
Changes in assets and liabilities:
Accounts and notes receivable	0.9			(10.7		)	(28.2		)
Inventories	(2.8		)	(8.2		)	(39.5		)
Non-trade amounts receivable	1.2			(1.6		)	1.4
Prepaid expenses	(0.9		)	(8.0		)	(2.8		)
Other assets	1.9			4.7			(1.1		)
Accounts payable and accrued liabilities	(22.2		)	11.4			25.5
Income taxes payable	(6.0		)	(2.5		)	24.9
Other liabilities	4.6			5.1			8.4
Net cash impact from hedging activity	(2.7		)	(17.0		)	4.6
Other	(0.1		)	—			(0.1		)
Net cash provided by operating activities	238.6			225.7			284.1
Investing Activities:
Capital expenditures	(61.6		)	(61.1		)	(69.4		)
Proceeds from disposal of property, plant and equipment	35.9			18.0			7.1
Net cash used in investing activities	(25.7		)	(43.1		)	(62.3		)
Financing Activities:
Dividend payments to shareholders	(138.8		)	(138.0		)	(135.5		)
Proceeds from exercise of stock options	0.8			16.1			15.7
Repurchase of common stock	(1.7		)	(1.5		)	(92.3		)
Repayment of long-term debt and capital lease obligations	(2.2		)	(2.6		)	(3.0		)
Net change in short-term debt	(52.0		)	(36.4		)	(2.2		)
Debt issuance costs	—			(0.7		)	—
Excess tax benefits from share-based payment arrangements	0.6			6.0			6.3
Net cash used in financing activities	(193.3		)	(157.1		)	(211.0		)
Effect of exchange rate changes on cash and cash equivalents	(6.2		)	(22.7		)	(61.1		)
Net change in cash and cash equivalents	13.4			2.8			(50.3		)
Cash and cash equivalents at beginning of year	79.8			77.0			127.3
Cash and cash equivalents at end of year	$	93.2		$	79.8		$	77.0

The accompanying notes are an integral part of these financial statements.

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Notes to the Consolidated Financial Statements

Note 1: Summary of Significant Accounting Policies

Principles of Consolidation. The condensed consolidated financial statements include the accounts of Tupperware Brands Corporation and its subsidiaries, collectively “Tupperware” or the “Company”, with all intercompany transactions and balances having been eliminated. The Company’s fiscal year ends on the last Saturday of December and included 53 weeks during 2016 and 52 weeks during 2015 and 2014.

Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates.

Cash and Cash Equivalents. The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. As of December 31, 2016 and December 26, 2015, $9.6 million and $7.4 million, respectively, of the cash and cash equivalents included on the Consolidated Balance Sheets were held in the form of time deposits, certificates of deposit or similar instruments.

Allowance for Doubtful Accounts. The Company maintains current receivable amounts with most of its independent distributors and sales force in certain markets. It also maintains long-term receivable amounts with certain of these customers. The Company regularly monitors and assesses its risk of not collecting amounts owed to it by customers. This evaluation is based upon an analysis of amounts current and past due, along with relevant history and facts particular to the customer. It is also based upon estimates of distributor business prospects, particularly related to the evaluation of the recoverability of long-term amounts due. This evaluation is performed market by market and account by account, based upon historical experience, market penetration levels and similar factors. It also considers collateral of the customer that could be recovered to satisfy debts. The Company records its allowance for doubtful accounts based on the results of this analysis. The analysis requires the Company to make significant estimates and as such, changes in facts and circumstances could result in material changes in the allowance for doubtful accounts. The Company considers any receivable balance not collected within its contractual terms past due.

Inventories. Inventories are valued at the lower of cost or market on a first-in, first-out basis. Inventory cost includes cost of raw material, labor and overhead. The Company writes down its inventory for obsolescence or unmarketability in an amount equal to the difference between the cost of the inventory and estimated market value based upon expected future demand and pricing. The demand and pricing is estimated based upon the historical success of product lines as well as the projected success of promotional programs, new product introductions and new markets or distribution channels. The Company prepares projections of demand and pricing on an item by item basis for all of its products. If inventory on hand exceeds projected demand or the expected market value is less than the carrying value, the excess is written down to its net realizable value. However, if actual demand or the estimate of market value decreases, additional write-downs would be required.

Internal Use Software Development Costs. The Company capitalizes internal use software development costs as they are incurred and amortizes such costs over their estimated useful lives of three to five years, beginning when the software is placed in service. Net unamortized costs of such amounts included in property, plant and equipment were $21.3 million and $20.1 million at December 31, 2016 and December 26, 2015, respectively. Amortization cost related to internal use software development costs totaled $6.9 million, $5.7 million and $4.4 million in 2016, 2015 and 2014, respectively.

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Property, Plant and Equipment. Property, plant and equipment is initially stated at cost. Depreciation is recorded on a straight-line basis over the following estimated useful lives of the assets:

	Years
Building and improvements	10 - 40
Molds	4 - 10
Production equipment	10 - 20
Distribution equipment	5 - 10
Computer/telecom equipment	3 - 5
Capitalized software	3 - 5

Depreciation expense was $43.0 million, $46.5 million and $47.3 million in 2016, 2015 and 2014, respectively. The Company considers the need for an impairment review when events occur that indicate that the book value of a long-lived asset may exceed its recoverable value. Upon the sale or retirement of property, plant and equipment, a gain or loss is recognized equal to the difference between sales price and net book value. Expenditures for maintenance and repairs are charged to cost of products sold or delivery, sales and administrative (DS&A) expense, depending on the asset to which the expenditure relates.

Goodwill. The Company's recorded goodwill relates primarily to the December 2005 acquisition of the direct-to-consumer businesses of Sara Lee Corporation. The Company does not amortize its goodwill. Instead, the Company performs an annual assessment during the third quarter of each year to evaluate the assets in each of its reporting units for impairment, or more frequently if events or changes in circumstances indicate that a triggering event for an impairment evaluation has occurred.

The annual process for evaluating goodwill begins with an assessment for each entity of qualitative factors to determine whether the two-step goodwill impairment evaluation is appropriate. The qualitative factors evaluated by the Company include: macro-economic conditions of the local business environment, overall financial performance, sensitivity analysis from the most recent step 1 fair value evaluation ("step 1"), as prescribed under ASC 350, Intangibles - Goodwill and Other, and other entity specific factors as deemed appropriate. When the Company determines the two-step goodwill impairment evaluation is appropriate, the step 1 involves comparing the fair value of a reporting unit to its carrying amount, including goodwill, after any long-lived asset impairment charges. If the carrying amount of the reporting unit exceeds its fair value, a second step is performed to determine whether there is a goodwill impairment, and if so, its amount. This step revalues all assets and liabilities of the reporting unit to their current fair value and then compares the implied fair value of the reporting unit's goodwill to the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess.

When a determination of fair value of the Company's reporting units is necessary, it is determined by using either the income approach or a combination of the income and market approaches, with generally a greater weighting on the income approach (75 percent). The income approach, or discounted cash flow approach, requires significant assumptions to estimate the fair value of each reporting unit. These include assumptions regarding future operations and the ability to generate cash flows including projections of revenue, costs, utilization of assets and capital requirements, along with an appropriate discount rate to be used. Goodwill is further discussed in Note 6 to the Consolidated Financial Statements.

Intangible Assets. Intangible assets are recorded at their fair market values at the date of acquisition and definite-lived intangibles are amortized over their estimated useful lives. The intangible assets included in the Company's Consolidated Financial Statements at December 31, 2016 and December 26, 2015 were related to the acquisition of the Sara Lee direct-to-consumer businesses in December 2005. The weighted average estimated useful lives of the Company's intangible assets were as follows:

	Weighted Average Estimated Useful Life
Indefinite-lived tradenames	Indefinite
Definite-lived tradename	10 years

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The Company's indefinite-lived tradename intangible assets are evaluated for impairment annually similarly to goodwill. The annual process for assessing the carrying value of indefinite-lived tradename intangible assets begins with a qualitative assessment that is similar to the assessment performed for goodwill. When the Company determines it is appropriate, the quantitative impairment evaluation for the Company's indefinite-lived tradenames involves comparing the estimated fair value of the assets to the carrying amounts, to determine if fair value is lower and a write-down required. If the carrying amount of a tradename exceeds its estimated fair value, an impairment charge is recognized in an amount equal to the excess. The fair value of these assets is determined using the relief from royalty method, which is a form of the income approach. In this method, the value of the asset is calculated by selecting royalty rates, which estimate the amount a company would be willing to pay for the use of the asset. These rates are applied to the Company's projected revenue, tax affected and discounted to present value using an appropriate rate.

The Company's definite-lived intangible asset relates to the Fuller tradename and has been amortized based on its estimated useful life of 10 years since August 2013. The Fuller tradename's useful life was estimated, at that time, based on the period that the tradename was expected to contribute directly to the Company's revenue. Definite-lived intangible assets are reviewed for impairment in a similar manner as property, plant and equipment as discussed above. Amortization related to definite-lived intangible assets is included in DS&A on the Consolidated Statements of Income. Intangible assets are further discussed in Note 6 to the Consolidated Financial Statements.

Promotional and Other Accruals. The Company frequently makes promotional offers to members of its independent sales force to encourage them to fulfill specific goals or targets for sales levels, party attendance, additions of new sales force members or other business-critical functions. The awards offered are in the form of product awards, special prizes or trips.

Programs are generally designed to recognize sales force members for achieving a primary objective. An example is to reward the independent sales force for holding a certain number of product demonstrations. In this situation, the Company offers a prize to sales force members that achieve the targeted number of product demonstrations over a specified period. The period runs from a couple of weeks to several months. The prizes are generally graded, in that meeting one level may result in receiving a piece of jewelry, with higher achievement resulting in more valuable prizes such as a television set or a trip. Similar programs are designed to reward current sales force members who reach certain goals by promoting them to a higher level in the organization where their earning opportunity would be expanded, and they would take on additional responsibilities for adding new sales force members and providing training and motivation to new and existing sales force members. Other business drivers, such as scheduling product demonstrations, increasing the number of sales force members, holding product demonstrations or increasing end consumer attendance at product demonstrations, may also be the focus of a program.

The Company also offers commissions for achieving targeted sales levels. These types of awards are generally based upon the sales achievement of at least a mid-level member of the sales force and her or his down-line members. The down-line consists of those sales force members that have been directly added to the sales force by a given sales force member, as well as those added by her or his down-line member. In this manner, sales force members can build an extensive organization over time if they are committed to adding and developing their units. In addition to the commission, the positive performance of a unit may also entitle its leader to the use of a company-provided vehicle and in some cases, the permanent awarding of a vehicle. Similar to the prize programs noted earlier, these programs generally offer varying levels of vehicles that are dependent upon performance.

The Company accrues for the costs of these awards during the period over which the sales force qualifies for the award and reports these costs primarily as a component of DS&A expense. These accruals require estimates as to the cost of the awards, based upon estimates of achievement and actual cost to be incurred. During the qualification period, actual results are monitored and changes to the original estimates are made when known. Promotional and other sales force compensation expenses included in DS&A expense totaled $376.2 million, $378.7 million and $430.1 million in 2016, 2015 and 2014, respectively.

Like promotional accruals, other accruals are recorded over the time period that a liability is incurred and is both probable and reasonably estimable. Adjustments to amounts previously accrued are made when changes occur in the facts and circumstances that generated the accrual.

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Revenue Recognition. Revenue is recognized when the price is fixed, the title and risks and rewards of ownership have passed to the customer who, in most cases, is one of the Company’s independent distributors or a member of its independent sales force, and when collection is reasonably assured. Depending on the contractual arrangements for each business, revenue is recognized upon either delivery or shipment, which is when title and risk and rewards of ownership have passed to the customer. When revenue is recorded, estimates of returns are made and recorded as a reduction of revenue. Discounts earned based on promotional programs in place, volume of purchases or other factors are also estimated at the time of revenue recognition and recorded as a reduction of that revenue.

Shipping and Handling Costs. The cost of products sold line item includes costs related to the purchase and manufacture of goods sold by the Company. Among these costs are inbound freight charges, duties, purchasing and receiving costs, inspection costs, depreciation expense, internal transfer costs and warehousing costs of raw material, work in process and packing materials. The warehousing and distribution costs of finished goods are included in DS&A expense. Distribution costs are comprised of outbound freight and associated labor costs. Fees billed to customers associated with the distribution of products are classified as revenue. The distribution costs included in DS&A expense in 2016, 2015 and 2014 were $137.0 million, $139.3 million and $156.6 million, respectively.

Advertising and Research and Development Costs. Advertising and research and development costs are charged to expense as incurred. Advertising expense totaled $8.3 million, $13.4 million and $19.9 million in 2016, 2015 and 2014, respectively. Research and development costs totaled $18.3 million, $18.1 million and $19.3 million, in 2016, 2015 and 2014, respectively. Research and development expenses primarily include salaries, contractor costs and facility costs. Both advertising and research and development costs are included in DS&A expense.

Accounting for Stock-Based Compensation. The Company has several stock-based employee and director compensation plans, which are described more fully in Note 14 to the Consolidated Financial Statements. Compensation cost for share-based awards is recorded on a straight line basis over the required service period, based on the fair value of the award. The fair value of the stock option grants is estimated using the Black-Scholes option-pricing model, which requires assumptions, including dividend yield, risk-free interest rate, the estimated length of time employees will retain their stock options before exercising them (expected term) and the estimated volatility of the Company's common stock price over the expected term. These assumptions are generally based on historical averages of the Company. Furthermore, in calculating compensation expense for these awards, the Company is also required to estimate the extent to which options will be forfeited prior to vesting. Many factors are considered when estimating expected forfeitures, including types of awards, employee class and historical experience. To the extent actual results or updated estimates of forfeiture differ from current estimates, such amounts are recorded as a cumulative adjustment to the previously recorded amounts.

Compensation expense associated with restricted stock, restricted stock units and performance-vested share awards is equal to the market value of the Company's common stock on the date of grant and is recorded pro rata over the required service period. The fair value of market-vested awards is based on a Monte-Carlo simulation that estimates the fair value based on the Company's share price activity between the beginning of the year and the grant date relative to a defined comparative group of companies, expected term of the award, risk-free interest rate, expected dividends, and the expected volatility of the stock of the Company and those in the comparative group. For those awards with performance vesting criteria, the expense is recorded based on an assessment of achieving the criteria. The grant date fair value per share of market-vested awards already reflects the probability of achieving the market condition, and is therefore used to record expense straight line over the performance period regardless of actual achievement.

The Company reports as a financing cash flow the tax benefits from share-based payment arrangements. For 2016, 2015 and 2014, the Company generated $0.6 million, $6.0 million and $6.3 million of excess tax benefits, respectively.

Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets also are recognized for credit carryforwards. Deferred tax assets and liabilities are measured using the enacted rates applicable to taxable income in the years in which the temporary differences are expected to reverse and the credits are expected to be used. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. An assessment is made as to whether or not a valuation allowance is required to offset deferred tax assets. This assessment requires estimates as to future operating results, as well as an evaluation of the effectiveness of the Company's tax planning strategies. These estimates are made on an ongoing basis based upon the Company's business plans and growth strategies in each market and consequently, future material changes in the valuation allowance are possible.

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The Company accounts for uncertain tax positions in accordance with ASC 740, Income Taxes. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement.

Interest and penalties related to tax contingency or settlement items are recorded as a component of the provision for income taxes in the Company's Consolidated Statements of Income. The Company records accruals for tax contingencies as a component of accrued liabilities or other long-term liabilities on its balance sheet.

Net Income Per Common Share. Basic per share information is calculated by dividing net income by the weighted average number of shares outstanding. Diluted per share information is calculated by also considering the impact of potential common stock on both net income and the weighted average number of shares outstanding. The Company's potential common stock consists of employee and director stock options, restricted stock, restricted stock units and performance share units. Performance share awards are included in the diluted per share calculation when the performance criteria are achieved. The Company's potential common stock is excluded from the basic per share calculation and is included in the diluted per share calculation when doing so would not be anti-dilutive.

The elements of the earnings per share computations were as follows:

(In millions, except per share amounts)	2016		2015		2014
Net income	$	223.6	$	185.8	$	214.4
Weighted-average shares of common stock outstanding	50.5		49.9		50.1
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units	0.2		0.5		0.9
Weighted-average common and common equivalent shares outstanding	50.7		50.4		51.0
Basic earnings per share	$	4.43	$	3.72	$	4.28
Diluted earnings per share	$	4.41	$	3.69	$	4.20
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive	1.4		0.9		0.4

Derivative Financial Instruments. The Company recognizes in its Consolidated Balance Sheets the asset or liability associated with all derivative instruments and measures those assets and liabilities at fair value. If certain conditions are met, a derivative may be specifically designated as a hedge. The accounting for changes in the value of a derivative accounted for as a hedge depends on the intended use of the derivative and the resulting designation of the hedge exposure. Depending on how the hedge is used and the designation, the gain or loss due to changes in value is reported either in earnings, or initially in other comprehensive income. Gains or losses that are reported in other comprehensive income are eventually recognized in earnings, with the timing of this recognition governed by ASC 815, Derivatives and Hedging.

The Company uses derivative financial instruments, principally over-the-counter forward exchange contracts with major international financial institutions, to offset the effects of exchange rate changes on net investments in certain foreign subsidiaries, certain forecasted purchases, certain intercompany transactions, and certain accounts payable and accounts receivable. The Company also uses euro denominated borrowings under its Credit Agreement to hedge a portion of its net investment in foreign subsidiaries. Gains and losses on instruments designated as net equity hedges of net investments in a foreign subsidiary or on intercompany transactions that are permanent in nature are accrued as exchange rates change, and are recognized in shareholders' equity as a component of foreign currency translation adjustments within accumulated other comprehensive loss. Gains and losses on contracts designated as fair value hedges of accounts receivable, accounts payable and non-permanent intercompany transactions are accrued as exchange rates change and are recognized in income. Gains and losses on contracts designated as cash flow hedges of identifiable foreign currency forecasted purchases are deferred and initially included in other comprehensive income. In assessing hedge effectiveness, the Company excludes forward points, which are included as a component of interest expense. See Note 8 to the Consolidated Financial Statements.

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Fair Value Measurements. The Company applies the applicable accounting guidance for fair value measurements. This guidance provides the definition of fair value, describes the method used to appropriately measure fair value in accordance with generally accepted accounting principles and outlines fair value disclosure requirements.

The fair value hierarchy established under this guidance prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows:

Level 1 - Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2 - Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted prices, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace.

Level 3 - Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value from the perspective of a market participant. The Company does not have any recurring Level 3 fair value measurements.

Foreign Currency Translation. Results of operations of foreign subsidiaries are translated into U.S. dollars using average exchange rates during the year. The assets and liabilities of those subsidiaries, other than those of operations in highly inflationary countries, are translated into U.S. dollars using exchange rates at the balance sheet date. The related translation adjustments are included in accumulated other comprehensive loss. Foreign currency transaction gains and losses, as well as re-measurement of financial statements of subsidiaries in highly inflationary countries, are included in income.

Inflation in Venezuela has been at relatively high levels over the past few years. The Company uses a blended index of the Consumer Price Index and National Consumer Price Index for determining highly inflationary status in Venezuela. This blended index reached cumulative three-year inflation in excess of 100 percent at November 30, 2009 and as such, the Company transitioned to highly inflationary status at the beginning of its 2010 fiscal year. Gains and losses resulting from the translation of the financial statements of subsidiaries operating in highly inflationary economies are recorded in earnings.

For Venezuela, the bolivar to U.S. dollar exchange rates used in translating the Company’s operating activity is based on the Simadi exchange mechanism created by the government. In 2016, 2015 and 2014, the net expense in connection with re-measuring net monetary assets and recording in cost of sales inventory at the exchange rate when it was purchased or manufactured compared with when it was sold was $4.3 million, $14.9 million and $42.4 million, respectively. The amounts related to remeasurement are included in other expense.

As of the end of 2016, the net monetary assets in Venezuela, which were of a nature that would generate income or expense associated with future exchange rate fluctuations versus the U.S. dollar were not material. In addition, there was $25.5 million in cumulative foreign currency translation losses related to Venezuela included in equity within the consolidated balance sheets.

Product Warranty. Tupperware® brand products are guaranteed against chipping, cracking, breaking or peeling under normal non-commercial use of the product with certain limitations. The cost of replacing defective products is not material.

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New Accounting Pronouncements. In May 2014, the FASB issued an amendment to existing guidance regarding revenue from contracts with customers. The amendment outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. In August 2015, the FASB issued an amendment to defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The August 2015 amendment also allows early adoption of the revenue standard, but not before the original effective date of December 15, 2016. In March and April 2016, the FASB issued amendments to provide clarification on implementation guidance. In May 2016, the FASB issued amendments to provide clarification on assessment of collectibility criteria, presentation of sales taxes and measurement of non-cash consideration. In addition, the amendment provided clarification and included simplification to transition guidance on contract modifications and completed contracts at transition. In December 2016, the FASB issued amendments to provide clarification on codification and guidance application. The Company has surveyed revenue recognition policies across each of its global operating segments, evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements. While there are expected to be changes in policy in certain units, the impact to the consolidated financial statements is not expected to be significant as the majority of the Company's transactions are not accounted for under industry-specific guidance that will be superseded by the new guidance and generally only consists of a single performance obligation to transfer promised goods.

In February 2016, the FASB issued an amendment to existing guidance on lease accounting that requires the assets and liabilities arising from operating leases be presented in the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements.

In March 2016, the FASB issued an amendment to existing guidance regarding employee share-based payments. Under the amendment, all excess tax benefits and tax deficits will be recognized in the income statement. Regardless of the impact on taxes payable, the tax benefits will be recognized in the current period and excess tax benefits will be classified as an element of cash flow operating activities. In addition, the amendment included simplification to existing guidance on forfeitures, intrinsic value and the withholding of shares for participants' personal income taxes. This guidance is effective for fiscal years beginning after December 15, 2016 and will be adopted by the Company as of the beginning of 2017. There will be an impact of adopting this standard on the consolidated financial statements that likely will lead to increased volatility of the Company's tax rate that will be dependent on the timing and intrinsic value of future share-based compensation award exercises.

In August 2016, the FASB issued an amendment to existing guidance on presentation and classification of certain cash receipts and cash payments in the Statement of Cash Flows. This guidance is intended to reduce diversity in the classification of transactions related to debt prepayment or debt extinguishment costs, zero-coupon debt instruments settlement, contingent consideration payments made after a business combination, insurance claims settlement and corporate-owned life insurance settlement, distributions from equity method investments and beneficial interests in securitization transactions. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect adoption of this amendment to have an impact on its Consolidated Financial Statements.

In October 2016, the FASB issued an amendment to existing guidance on income tax consequences of intra-entity transfers of assets other than inventory. Under the amendment, the income tax consequences of an intra-entity transfer of an asset other than inventory will be recognized when the transfer occurs. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements.

In November 2016, the FASB issued an amendment to existing guidance on classification and presentation of changes in restricted cash on the statement of cash flows. Under the amendment, the restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the total cash balance for the period on the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The adoption of this amendment will not have a material impact on the Company’s Consolidated Financial Statements.

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In January 2017, the FASB issued an amendment to existing guidance on Goodwill Impairment to simplify goodwill measurement. This guidance eliminated step 2 from the goodwill impairment test, and instead goodwill shall be tested by comparing the fair value of a reporting unit with its carrying amount. An impairment charge for the amount by which the carrying amount exceeds the fair value will be recognized; however the loss recognized will not exceed the total amount of goodwill. This guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Upon adoption, any impairment losses recognized under the new guidance could differ significantly and occur more frequently compared with amounts recognized under current guidance, particularly as it relates to the $73.2 million goodwill recorded in Fuller Mexico.

Reclassifications. Certain prior year amounts have been reclassified in the Consolidated Financial Statements to conform to current year presentation.

Note 2: Re-engineering Costs

The Company continually reviews its business models and operating methods for opportunities to increase efficiencies and/or align costs with business performance. Pretax costs incurred in the re-engineering and impairment charges caption by category were as follows:

(In millions)	2016		2015		2014
Severance	$	5.4	$	5.0	$	7.4
Other	2.2		1.8		3.6
Total re-engineering charges	$	7.6	$	6.8	$	11.0

The severance costs incurred were associated with headcount reductions in several of the Company's operations in connection with changes in its management and organizational structures, and in 2014, the decision to cease operating the Armand Dupree business in the United States, the Nutrimetics business in Thailand and a manufacturing plant in India. In 2014, the Other caption included a write-off of $1.1 million in capitalized software in connection with a new information systems project.

Pretax costs incurred in connection with the re-engineering program included above and other amounts allocated to cost of products sold were as follows:

(In millions)	2016		2015		2014
Re-engineering charges	$	7.6	$	6.8	$	11.0
Cost of products sold	—		—		2.3
Total pretax re-engineering costs	$	7.6	$	6.8	$	13.3

The balances included in accrued liabilities related to re-engineering and impairment charges as of December 31, 2016, December 26, 2015, and December 27, 2014 were as follows:

(In millions)	2016			2015			2014
Beginning balance	$	1.7		$	2.4		$	2.6
Provision	7.6			6.8			11.0
Non-cash charges	(0.3		)	(0.2		)	(1.8		)
Cash expenditures:
Severance	(5.2		)	(5.8		)	(7.1		)
Other	(2.2		)	(1.5		)	(2.3		)
Ending balance	$	1.6		$	1.7		$	2.4

The accrual balance as of December 31, 2016, related primarily to severance payments to be made by the end of the second quarter of 2017. In connection with the decision to cease operating the Armand Dupree business in the United States and the Nutrimetics business in Thailand, the Company recorded in 2014 charges of $1.9 million and $0.4 million, respectively, in cost of sales for inventory obsolescence.

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In February 2015, the Venezuelan government launched an overhaul of its foreign currency exchange structure and created a new exchange mechanism called Simadi that provided an exchange rate significantly lower than the rate available to the Company at that time. As a result, and based on the perceived impact of this change to the operations of its Venezuelan unit, the Company deemed this change to be a triggering event to evaluate the $15.7 million of long-term fixed assets in Venezuela at that time. This evaluation involved performing an undiscounted cash flow analysis to determine if the carrying value of the assets were recoverable and whether the amount included on the balance sheet was greater than fair value. The Company considered many economic and operating factors, including uncertainty surrounding the interpretation and enforcement of certain product pricing restrictions in Venezuela, the inability at that time to obtain the necessary raw materials locally to meet production demands and the significant decline in the global price of oil. Due, at least in part, to the decline of the global price of oil, the Venezuelan government has not made U.S. dollars widely available through any of the exchange mechanisms it has had in place. Given the devaluation of the Venezuelan bolivar compared with the U.S. dollar, and the lack of U.S dollars available to use for the purchase of raw materials for on-going operations, the Company did not believe it would be able to operate the business profitably. As a result, the Company concluded that the carrying value of the long-term fixed assets in Venezuela was not recoverable. The Company then estimated the fair value of the long-term fixed assets using estimated selling prices available in Venezuela. The primary assets that were considered to continue to maintain a marketable value in Venezuela included commercial office space, a show room and parking spaces. As a result of this evaluation in the first quarter of 2015, the Company recorded an impairment charge of $13.5 million to reduce the long-term fixed asset carrying value in Venezuela to the $2.2 million estimated fair value at that time, which is considered a non-recurring Level 3 measurement within the fair value hierarchy.

Note 3: Inventories

(In millions)	2016		2015
Finished goods	$	189.4	$	203.2
Work in process	23.0		21.0
Raw materials and supplies	28.0		30.4
Total inventories	$	240.4	$	254.6

Note 4: Property, Plant and Equipment

(In millions)	2016			2015
Land	$	36.7		$	35.3
Buildings and improvements	194.1			194.1
Molds	624.7			624.7
Production equipment	264.3			270.6
Distribution equipment	37.4			36.3
Computer/telecom equipment	45.2			46.2
Furniture and fixtures	15.8			10.9
Capitalized software	69.5			76.0
Construction in progress	29.3			26.6
Total property, plant and equipment	1,317.0			1,320.7
Less accumulated depreciation	(1,057.2		)	(1,067.1		)
Property, plant and equipment, net	$	259.8		$	253.6

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Note 5: Accrued and Other Liabilities

Accrued Liabilities

(In millions)	2016		2015
Income taxes payable	$	23.1	$	25.0
Compensation and employee benefits	73.0		83.4
Advertising and promotion	57.6		62.1
Taxes other than income taxes	24.5		22.3
Pensions	2.7		4.0
Post-retirement benefits	1.7		1.9
Dividends payable	34.4		34.3
Foreign currency contracts	31.7		14.6
Other	75.3		77.2
Total accrued liabilities	$	324.0	$	324.8

Other Liabilities

(In millions)	2016		2015
Post-retirement benefits	$	15.4	$	16.4
Pensions	123.0		126.4
Income taxes	22.5		18.7
Deferred income tax	17.6		16.9
Other	42.9		36.6
Total other liabilities	$	221.4	$	215.0

Note 6: Goodwill and Intangible Assets

The Company's goodwill and intangible assets relate primarily to the December 2005 acquisition of the direct-to-consumer businesses of Sara Lee Corporation.

In the third quarters of 2016 and 2015, the Company completed the annual assessments for all of its reporting units and indefinite-lived intangible assets, concluding there were no impairments. The Company only considers the goodwill balance of $73.2 million associated with the Fuller Mexico reporting unit to be significant relative to total equity.

These assessments included a step 1 impairment evaluation for the goodwill associated with the Fuller Mexico reporting unit as prescribed under ASC 350, Intangibles - Goodwill and Other. The fair value analysis for Fuller Mexico was completed using a combination of the income and market approach with a 75 percent weighting on the income approach. The significant assumptions used in the income approach included estimates regarding future operations and the ability to generate cash flows, including projections of revenue, costs, utilization of assets and capital requirements. The income approach, or discounted cash flow approach, also requires an estimate as to the appropriate discount rate to be used for each entity. The most sensitive estimate in this valuation is the projection of operating cash flows, as these provide the basis for the estimate of fair market value. The Company’s cash flow model used a forecast period of 10 years and a terminal value. The growth rates were determined by reviewing historical results of the operating unit and the historical results of the Company’s other similar business units, along with the expected contribution from growth strategies being implemented. The market approach relies on an analysis of publicly-traded companies similar to Tupperware and deriving a range of revenue and profit multiples. The publicly-traded companies used in the market approach were selected based on their having similar product lines of consumer goods, beauty products and/or companies using a direct-to-consumer distribution method. The resulting multiples were then applied to the reporting unit to determine fair value.

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The significant assumptions for the Fuller Mexico step 1 analysis included annual revenue growth rates, beginning in 2017, ranging from 1 percent to 5 percent with an average growth rate of 4 percent, including a 3 percent growth rate used in calculating the terminal value. The discount rate used for Fuller Mexico was 14.8 percent.

The amount by which the estimated fair value of the Fuller Mexico reporting unit exceeded its carrying value, at 20 percent, was more in the third quarter of 2016 than in the 2015 assessment, primarily due to an increase in the estimated fair market value in connection with improved market pricing metrics and other observable market conditions, as well as a lower carrying value in 2016, reflecting the amortization of the definite-lived Fuller tradename. Though the estimated fair value of the reporting unit exceeded its carrying value in the annual assessment, a smaller sales force size and/or operating performance significantly below current expectations, including changes in projected future revenue, profitability and cash flow, as well as higher working capital, interest rates, or cost of capital, could have a negative effect on the fair value of the reporting unit. In addition, the Company is unable to predict, at this time, whether there will be a significant, long-term impact to the Fuller Mexico operations due to the change in the macro-economic environment in connection with the 2016 presidential election in the United States, which did have an impact on the business in the fourth quarter of 2016. Should the Company's programs and strategies to improve the key performance indicators as outlined above not be able to overcome the general trends in the business and/or the macro-economic impacts of the changing dynamic between the United States and Mexican governments, which could impact the long-term discount rate values used in estimating fair value, the estimated fair value of the reporting unit could fall below its carrying value. This could result in recording an impairment to the goodwill of Fuller Mexico, including prior to the 2017 annual assessment.

During the fourth quarter of 2016, the Company made the decision to combine NaturCare Japan and Tupperware Japan into a single operating segment in connection with on-going actions to stream-line operations in that geography. As a result, the goodwill previously associated with the NaturCare reporting unit was re-allocated between Japan, Korea and Malaysia/Singapore based on relative fair value of their respective NaturCare operations. The goodwill now associated with the respective operating segments is not considered significant relative to the total equity of the Company. These changes did not impact the geographical reporting segments.

Other than for the Fuller Mexico reporting unit, management has concluded there is no significant foreseeable risk of failing a future step 1 impairment test, nor is there significant foreseeable risk of the fair value of the indefinite-lived intangible assets falling below their respective carrying values. Given the sensitivity of fair value valuations to changes in cash flow or market multiples, the Company may be required to recognize an impairment of goodwill or indefinite-lived intangible assets in the future due to changes in market conditions or other factors related to the Company’s performance. Actual results below forecasted results or a decrease in the forecasted future results of the Company’s business plans or changes in discount rates could also result in an impairment charge, as could changes in market characteristics including declines in valuation multiples of comparable publicly-traded companies. Impairment charges would have an adverse impact on the Company’s net income and shareholders' equity.

The Company has estimated a 10 year useful life for the Fuller tradename with amortization to be recorded on a straight-line basis. Amortization expense recorded in 2016, 2015 and 2014 related to the Fuller tradename was $7.6 million, $8.8 million, and $10.2 million, respectively. The decreasing annual expense reflects the weakening of the Mexican peso to U.S. dollar exchange rate.

The following table reflects gross goodwill and accumulated impairments allocated to each reporting segment at December 31, 2016, December 26, 2015 and December 27, 2014:

(In millions)	Europe			Asia Pacific			TW North America		Beauty North America			South America			Total
Gross goodwill balance at December 27, 2014	$	30.3		$	75.4		$	16.3	$	142.6		$	4.8		$	269.4
Effect of changes in exchange rates	(1.4		)	(0.7		)	—		(15.1		)	(1.2		)	(18.4		)
Gross goodwill balance at December 26, 2015	28.9			74.7			16.3		127.5			3.6			251.0
Effect of changes in exchange rates	0.4			1.2			—		(15.4		)	0.1			(13.7		)
Gross goodwill balance at December 31, 2016	$	29.3		$	75.9		$	16.3	$	112.1		$	3.7		$	237.3

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(In millions)	Europe		Asia Pacific		TW North America		Beauty North America		South America		Total
Cumulative impairments as of December 27, 2014	$	24.5	$	41.3	$	—	$	38.9	$	—	$	104.7
Goodwill impairment	—		—		—		—		—		—
Cumulative impairments as of December 26, 2015	24.5		41.3		—		38.9		—		104.7
Goodwill impairment	—		—		—		—		—		—
Cumulative impairments as of December 31, 2016	$	24.5	$	41.3	$	—	$	38.9	$	—	$	104.7

The gross carrying amount and accumulated amortization of the Company's intangible assets, other than goodwill, were as follows:

	December 31, 2016
(In millions)	Gross Carrying Value		Accumulated Amortization		Net
Indefinite-lived tradenames	$	20.6	$	—	$	20.6
Definite-lived tradename	70.0		23.3		46.7
Total intangible assets	$	90.6	$	23.3	$	67.3

	December 26, 2015
(In millions)	Gross Carrying Value		Accumulated Amortization		Net
Indefinite-lived tradenames	$	20.1	$	—	$	20.1
Definite-lived tradename	81.7		19.1		62.6
Total intangible assets	$	101.8	$	19.1	$	82.7

A summary of the identifiable intangible asset account activity is as follows:

	Year Ended
(In millions)	December 31, 2016			December 26, 2015
Beginning balance	$	101.8		$	116.8
Effect of changes in exchange rates	(11.2		)	(15.0		)
Ending balance	$	90.6		$	101.8

Amortization expense was $7.6 million, $10.2 million and $11.8 million in 2016, 2015 and 2014, respectively. The estimated annual amortization expense associated with the above intangibles for each of the five succeeding years is $7.0 million.

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Note 7: Financing Obligations

Debt Obligations

Debt obligations consisted of the following:

(In millions)	2016			2015
Fixed rate Senior Notes due 2021	$	599.4		$	599.3
Five year Revolving Credit Agreement	104.0			155.8
Belgium facility capital lease	8.4			10.6
Other	0.1			5.0
Total debt obligations	711.9			770.7
Less current portion	(105.9		)	(162.5		)
Long-term debt and capital lease obligations	$	606.0		$	608.2

(Dollars in millions)	2016			2015
Total short-term borrowings at year-end	$	104.0		$	160.4
Weighted average interest rate at year-end	1.5		%	1.5		%
Average short-term borrowings during the year	$	357.4		$	394.9
Weighted average interest rate for the year	1.8		%	1.5		%
Maximum short-term borrowings during the year	$	429.3		$	444.8

Senior Notes

On June 2, 2011, the Company completed the sale of $400 million in aggregate principal amount of 4.75% Senior Notes due June 1, 2021 under an indenture (the "Indenture"), entered into by the Company and its 100% subsidiary, Dart Industries Inc. (the “Guarantor”). These Senior Notes were sold at a discount.

On March 11, 2013, the Company issued and sold an additional $200 million in aggregate principal amount of these notes (both issuances together, the "Senior Notes") in a registered public offering. As a result of the 2013 issuance, the Company recorded a premium of $7.6 million to be amortized over the life of the Senior Notes. The Company also incurred $1.5 million in deferred financing costs.

The Senior Notes were issued under an Indenture between the Company, the Guarantor and Wells Fargo Bank, N.A., as trustee. As security for its obligations under the guarantee of the Senior Notes, the Guarantor has granted a security interest in certain "Tupperware" trademarks and service marks. The guarantee and the lien securing the guarantee may be released under certain customary circumstances specified in the Indenture. These customary circumstances include:

• payment in full of principal of and premium, if any, and interest on the Senior Notes;

• satisfaction and discharge of the Indenture;

• upon legal defeasance or covenant defeasance of the Senior Notes as set forth in the Indenture;

• as to any property or assets constituting Collateral owned by the Guarantor that is released from its Guarantee in accordance with the Indenture;

• with the consent of the Holders of the requisite percentage of Senior Notes in accordance with the Indenture; and

• if the rating on the Senior Notes is changed to investment grade in accordance with the Indenture.

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Prior to March 1, 2021, the Company may redeem the Senior Notes, at its option, at a redemption price equal to accrued and unpaid interest and the greater of i) 100 percent of the principal amount to be redeemed; and ii) the present value of the remaining scheduled payments of principal and interest. In determining the present value of the remaining scheduled payments, such payments shall be discounted to the redemption date using a discount rate equal to the Treasury Rate (as defined in the Indenture) plus 30 basis points. On or after March 1, 2021, the redemption price will equal 100 percent of the principal amount of the Senior Notes redeemed.

The Indenture includes covenants which, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, (i) incur indebtedness secured by liens on real property, (ii) enter into sale and leaseback transactions, (iii) consolidate or merge with another entity, or sell or transfer all or substantially all of their properties and assets, and (iv) sell the capital stock of the Guarantor. In addition, upon a change of control, as defined in the Indenture, the Company may be required to make an offer to repurchase the Senior Notes at 101 percent of their principal amount, plus accrued and unpaid interest. The Indenture also contains customary events of default. These restrictions are not expected to impact the Company's operations. As of December 31, 2016, the Company was in compliance with all of its covenants.

Credit Agreement

On June 9, 2015, the Company and its wholly owned subsidiary Tupperware International Holdings B.V. (the “Subsidiary Borrower”), entered into Amendment No. 2 (the "Amendment”) to their multicurrency Amended and Restated Credit Agreement dated September 11, 2013, as amended by Amendment No. 1 dated June 2, 2014 (as so amended, the “Credit Agreement”). The terms and structure of the Credit Agreement remained largely the same. The Amendment (i) reduced the aggregate amount available to the Company and the Subsidiary Borrower under the Credit Agreement from $650 million to $600 million (the “Facility Amount”), (ii) extended the final maturity date of the Credit Agreement from September 11, 2018 to June 9, 2020, and (iii) amended the applicable margins for borrowings and the commitment fee to be generally more favorable for the Company. The Credit Agreement continues to provide (a) a revolving credit facility, available up to the full amount of the Facility Amount, (b) a letter of credit facility, available up to $50 million of the Facility Amount, and (c) a swingline facility, available up to $100 million of the Facility Amount. Each of such facilities is fully available to the Company and is available to the Subsidiary Borrower up to an aggregate amount not to exceed $325 million. The Company is permitted to increase, on up to three occasions, the Facility Amount by a total of up to $200 million (for a maximum aggregate Facility Amount of $800 million), subject to certain conditions including the agreement of the lenders. As of December 31, 2016, the Company had total borrowings of $104.0 million outstanding under its Credit Agreement, with $84.6 million of that amount denominated in euros. The Company routinely increases its revolver borrowings under the Credit Agreement and uncommitted lines during each quarter to fund operating, investing and financing activities and uses cash available at the end of each quarter to reduce borrowing levels. As a result, the Company incurs more interest expense and has higher foreign exchange exposure on the value of its cash and debt during each quarter than would relate solely to the quarter end balances.

Loans made under the Credit Agreement bear interest under a formula that includes, at the Company's option, one of three different base rates. The Company generally selects the London Interbank Offered Rate ("LIBOR") for the applicable currency and interest period as its base for its interest rate. As provided in the Credit Agreement, a margin is added to the base. The applicable margin is determined by a pricing schedule and is based upon the better for the Company of (a) the ratio (the "Consolidated Leverage Ratio") of the consolidated funded indebtedness of the Company and its subsidiaries to the consolidated EBITDA (as defined in the Credit Agreement) of the Company and its subsidiaries for the four fiscal quarters then most recently ended, or (b) the Company’s then existing long-term debt securities rating by Moody’s Investor Service, Inc. or Standard and Poor’s Financial Services, Inc. As of December 31, 2016, the Credit Agreement dictated a base rate spread of 150 basis points, which gave the Company a weighted average interest rate on LIBOR based borrowings of 1.50 percent on borrowings under the Credit Agreement.

The Credit Agreement contains customary covenants that, among other things, generally restrict the Company's ability to incur subsidiary indebtedness, create liens on and sell assets, engage in liquidation or dissolutions, engage in mergers or consolidations, or change lines of business. These covenants are subject to significant exceptions and qualifications. The agreement also has customary financial covenants related to interest coverage and leverage. These restrictions are not expected to impact the Company's operations. As of December 31, 2016, and currently, the Company had considerable cushion under its financial covenants.

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The Guarantor unconditionally guarantees all obligations and liabilities of the Company and the Subsidiary Borrower relating to the Credit Agreement as well as the Senior Notes, supported by a security interest in certain "Tupperware" trademarks and service marks.

At December 31, 2016, the Company had $577.0 million of unused lines of credit, including $494.7 million under the committed, secured Credit Agreement, and $82.3 million available under various uncommitted lines around the world. Interest paid on total debt, including forward points on foreign currency contracts, in 2016, 2015 and 2014 was $47.4 million, $47.8 million and $44.0 million, respectively.

Contractual Maturities

Contractual maturities for debt obligations at December 31, 2016 are summarized by year as follows (in millions):

Year ending:	Amount
December 30, 2017	$	105.9
December 29, 2018	1.8
December 28, 2019	1.4
December 26, 2020	1.2
December 25, 2021	600.6
Thereafter	1.0
Total	$	711.9

Capital Leases

In 2007, the Company completed construction of its Tupperware center of excellence manufacturing facility in Belgium. Costs related to the new facility and equipment totaled $24.0 million and were financed through a sale lease-back transaction under two separate leases. The two leases are being accounted for as capital leases and have initial terms of 10 years and 15 years and interest rates of 5.1 percent. In 2010, the Company extended a lease on an additional building in Belgium that was previously accounted for as an operating lease. As a result of renegotiating the terms of the agreement, the lease is now classified as capital and had an initial value of $3.8 million with an initial term of 10 years and an interest rate of 2.9 percent.

Following is a summary of significant capital lease obligations at December 31, 2016 and December 26, 2015:

(In millions)	December 31, 2016		December 26, 2015
Gross payments	$	9.4	$	12.2
Less imputed interest	1.0		1.6
Total capital lease obligation	8.4		10.6
Less current maturity	1.8		1.8
Capital lease obligation - long-term portion	$	6.6	$	8.8

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Note 8: Derivative Financial Instruments

The Company is exposed to fluctuations in foreign currency exchange rates on the earnings, cash flows and financial position of its international operations. Although this currency risk is partially mitigated by the natural hedge arising from the Company's local manufacturing in many markets, a strengthening U.S. dollar generally has a negative impact on the Company. In response to these fluctuations, the Company uses financial instruments to hedge certain of its exposures and to manage the foreign exchange impact to its financial statements. At its inception, a derivative financial instrument used for hedging is designated as a fair value, cash flow or net equity hedge as described in Note 1 to the Consolidated Financial Statements.

Fair value hedges are entered into with financial instruments such as forward contracts, with the objective of limiting exposure to certain foreign exchange risks primarily associated with accounts payable and non-permanent intercompany transactions. For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in current earnings. In assessing hedge effectiveness, the Company excludes forward points, which are considered to be a component of interest expense. In 2016, 2015 and 2014, forward points on fair value hedges resulted in pretax gains of $15.7 million, $14.1 million and $10.3 million, respectively.

The Company also uses derivative financial instruments to hedge foreign currency exposures resulting from certain forecasted purchases and classifies these as cash flow hedges. At initiation, the Company's cash flow hedge contracts are generally for periods ranging from one to fifteen months. The effective portion of the gain or loss on the hedging instrument is recorded in other comprehensive income and is reclassified into earnings as the transactions being hedged are recorded. As such, the balance at the end of the current reporting period in other comprehensive income, related to cash flow hedges, will generally be reclassified into earnings within the next twelve months. The associated asset or liability on the open hedges is recorded in Non-trade amounts receivable or accrued liabilities, as applicable. The balance in accumulated other comprehensive loss, net of tax, resulting from open foreign currency hedges designated as cash flow hedges was a deferred gain of $4.9 million, $4.3 million and $7.8 million as of December 31, 2016, December 26, 2015 and December 27, 2014, respectively. In 2016, 2015 and 2014, the Company recorded in other comprehensive loss, net of tax, net (losses)/gains associated with cash flow hedges of $0.6 million, $(3.5) million and $5.6 million, respectively, which represents the net change to accumulated other comprehensive income on the Company's balance sheet related to these type of hedges.

The Company also uses financial instruments, such as forward contracts and certain euro denominated borrowings under the Company's Credit Agreement, to hedge a portion of its net equity investment in international operations and classifies these as net equity hedges. Changes in the value of these financial instruments, excluding any ineffective portion of the hedges, are included in foreign currency translation adjustments within accumulated other comprehensive loss. The Company recorded, net of tax, in other comprehensive income a net gain of $28.6 million, $54.6 million and $25.5 million associated with these hedges in 2016, 2015 and 2014, respectively. Due to the permanent nature of the investments, the Company does not anticipate reclassifying any portion of these amounts to the income statement in the next twelve months. In assessing hedge effectiveness, the Company excludes forward points, which are included as a component of interest expense.

While the forward contracts used for net equity and fair value hedges of non-permanent intercompany balances mitigate its exposure to foreign exchange gains or losses, they result in an impact to operating cash flows as they are settled, whereas the hedged items do not generate offsetting cash flows. The net cash flow impact of these currency hedges for the years ended 2016, 2015 and 2014 were outflows of $2.7 million, $17.0 million and an inflow of $4.6 million, respectively. The cash flow impact of certain of these exposures is in turn partially offset by certain hedges of net equity.

The Company considers the total notional value of its forward contracts as the best measure of the volume of derivative transactions. As of December 31, 2016 and December 26, 2015, the notional amounts of outstanding forward contracts to purchase currencies were $116.7 million and $141.9 million, respectively, and the notional amounts of outstanding forward contracts to sell currencies were $109.6 million and $137.4 million, respectively. As of December 31, 2016, the notional values of the largest positions outstanding were to purchase U.S. dollars $60.5 million and euro $46.9 million and to sell Mexican pesos $32.6 million.

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The following table summarizes the Company's derivative positions, which are the only assets and liabilities recorded at fair value on a recurring basis, and the impact they had on the Company's financial position as of December 31, 2016 and December 26, 2015. Fair values were determined based on third party quotations (Level 2 fair value measurement):

	Asset derivatives					Liability derivatives
		Fair value					Fair value
Derivatives designated as hedging instruments (in millions)	Balance sheet location	2016		2015		Balance sheet location	2016		2015
Foreign exchange contracts	Non-trade amounts receivable	$	41.1	$	21.5	Accrued liabilities	$	31.7	$	14.6

The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the years ended December 31, 2016, December 26, 2015 and December 27, 2014:

Derivatives designated as fair value hedges (in millions)	Location of gain or (loss) recognized in income on derivatives	Amount of gain or (loss) recognized in income on derivatives									Location of gain or (loss) recognized in income on related hedged items	Amount of gain or (loss) recognized in income on related hedged items
		2016			2015			2014				2016		2015		2014
Foreign exchange contracts	Other expense	$	(41.8	)	$	(83.6	)	$	(36.6	)	Other expense		$42.1		$83.8		$35.0

The following table summarizes the impact of Company's hedging activities on comprehensive income for the years ended December 31, 2016, December 26, 2015 and December 27, 2014:

Derivatives designated as cash flow and net equity hedges (in millions)	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)						Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)						Location of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amounts excluded from effectiveness testing)
Cash flow hedging relationships	2016		2015		2014			2016		2015		2014			2016			2015			2014
Foreign exchange contracts	$	6.7	$	14.5	$	15.9	Cost of products sold	$	5.7	$	19.2	$	9.1	Interest expense	$	(5.6	)	$	(7.7	)	$	(4.9	)
Net equity hedging relationships
Foreign exchange contracts	41.0		74.2		38.8		Other expense	—		—		—		Interest expense	(20.8		)	(16.8		)	(13.3		)
Euro denominated debt	3.7		11.1		1.1

The Company's theoretical credit risk for each foreign exchange contract is its replacement cost, but management believes that the risk of incurring credit losses is remote and such losses, if any, would not be material. The Company is also exposed to market risk on its derivative instruments due to potential changes in foreign exchange rates; however, such market risk would be fully offset by changes in the valuation of the underlying items being hedged. For all outstanding derivative instruments, the net accrued gain was $9.4 million, $6.9 million and $4.7 million at December 31, 2016, December 26, 2015 and December 27, 2014, respectively, and were recorded either in Non-trade amounts receivable or accrued liabilities, depending upon the net position of the individual contracts. The notional amounts shown above change based upon the Company's outstanding exposure to fair value fluctuations.

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Note 9: Fair Value Measurements

Due to their short maturities or their insignificance, the carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, accrued liabilities and short-term borrowings approximated their fair values at December 31, 2016 and December 26, 2015. The Company estimates that, based on current market conditions, the value of its 4.75%, 2021 senior notes was $640.8 million at December 31, 2016, compared with the carrying value of $599.4 million. The higher fair value resulted from changes, since issuance, in the corporate debt markets and investor preferences. The fair value of debt is classified as a Level 2 liability, and is estimated using quoted market prices as provided in secondary markets that consider the Company's credit risk and market related conditions. See Note 8 to the Consolidated Financial Statements for discussion of the Company's derivative instruments and related fair value measurements.

Note 10: Accumulated Other Comprehensive Loss

(In millions, net of tax)	Foreign Currency Items			Cash Flow Hedges			Pension and Other Post-retirement Items			Total
December 28, 2013	$	(283.1	)	$	2.2		$	(35.9	)	$	(316.8	)
Other comprehensive income (loss) before reclassifications	(85.2		)	12.7			(14.9		)	(87.4		)
Amounts reclassified from accumulated other comprehensive loss	—			(7.1		)	2.6			(4.5		)
Net other comprehensive income (loss)	(85.2		)	5.6			(12.3		)	(91.9		)
December 27, 2014	$	(368.3	)	$	7.8		$	(48.2	)	$	(408.7	)
Other comprehensive income (loss) before reclassifications	(122.3		)	11.3			8.9			(102.1		)
Amounts reclassified from accumulated other comprehensive loss	—			(14.8		)	3.6			(11.2		)
Net other comprehensive income (loss)	(122.3		)	(3.5		)	12.5			(113.3		)
December 26, 2015	$	(490.6	)	$	4.3		$	(35.7	)	$	(522.0	)
Other comprehensive income (loss) before reclassifications	(53.7		)	4.9			(0.9		)	(49.7		)
Amounts reclassified from accumulated other comprehensive loss	—			(4.3		)	4.5			0.2
Net other comprehensive income (loss)	(53.7		)	0.6			3.6			(49.5		)
December 31, 2016	$	(544.3	)	$	4.9		$	(32.1	)	$	(571.5	)

Pretax amounts reclassified from accumulated other comprehensive loss that related to cash flow hedges consisted of net gains of $5.7 million, $19.2 million and $9.1 million in 2016, 2015 and 2014, respectively. Associated with these items were tax provisions of $1.4 million, $4.4 million and $2.0 million in 2016, 2015 and 2014, respectively. See Note 8 for further discussion of derivatives.

In 2016, 2015 and 2014, pretax amounts reclassified from accumulated other comprehensive loss related to pension and other post-retirement items consisted of prior service benefits of $1.2 million, $1.3 million and $0.8 million, respectively, and pension settlement costs of $3.9 million, $1.6 million and $1.8 million, respectively, and actuarial losses of $2.6 million, $4.5 million and $2.6 million, respectively. Associated with these items were tax benefits of $0.8 million, $1.2 million and $1.0 million, respectively. See Note 13 for further discussion of pension and other post-retirement benefit costs.

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Note 11: Statements of Cash Flows Supplemental Disclosure

Under the Company's stock incentive programs, employees are allowed to use shares retained by the Company to satisfy minimum statutorily required withholding taxes in certain jurisdictions. In 2016, 2015 and 2014, 30,703, 22,344 and 102,405 shares, respectively, were retained to fund withholding taxes, with values totaling $1.7 million, $1.5 million and $8.0 million, respectively, which were included as a component of stock repurchases in the Consolidated Statement of Cash Flows.

During the first quarter of 2014 and the fourth quarter of 2015, the Company entered into joint ventures with a real estate development partner. The Company contributed land to each joint venture in exchange for 50 percent ownership in each joint venture. The carrying value of the land contributed in 2015 and 2014 was $0.8 million and $3.1 million, respectively. The joint ventures were sold in the third quarter of 2016 with the related proceeds recorded under the proceeds from disposal of property, plant and equipment caption in the Consolidated Statement of Cash flows.

There were no capital lease arrangements initiated in 2016, 2015 or 2014.

Note 12: Income Taxes

For income tax purposes, the domestic and foreign components of income (loss) before taxes were as follows:

(In millions)	2016			2015			2014
Domestic	$	(44.8	)	$	(67.5	)	$	(35.5	)
Foreign	346.1			327.4			333.7
Total	$	301.3		$	259.9		$	298.2

The domestic and foreign components of income (loss) before taxes reflect adjustments as required under certain advanced pricing agreements and exclude repatriation of foreign earnings to the United States.

The provision (benefit) for income taxes was as follows:

(In millions)	2016			2015			2014
Current:
Federal	$	(23.8	)	$	(22.8	)	$	11.5
Foreign	114.1			92.6			114.8
State	1.4			(0.8		)	1.5
	91.7			69.0			127.8
Deferred:
Federal	(14.7		)	(13.8		)	(40.6		)
Foreign	0.2			18.2			(1.9		)
State	0.5			0.7			(1.5		)
	(14.0		)	5.1			(44.0		)
Total	$	77.7		$	74.1		$	83.8

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The differences between the provision for income taxes and income taxes computed using the U.S. federal statutory rate were as follows:

(In millions)	2016			2015			2014
Amount computed using statutory rate	$	105.5		$	91.0		$	104.4
Increase (reduction) in taxes resulting from:
Net impact from repatriating foreign earnings and direct foreign tax credits	(16.3		)	(7.9		)	(17.7		)
Foreign income taxes	(7.5		)	(4.6		)	(20.6		)
Impact of non-deductible currency translation losses	—			3.1			19.0
Impact of changes in U.S. tax legislation	(2.7		)	—			—
Other changes in valuation allowances for deferred tax assets	(0.1		)	(0.4		)	(0.5		)
Foreign and domestic tax audit settlement and adjustments	—			(2.4		)	—
Other	(1.2		)	(4.7		)	(0.8		)
Total	$	77.7		$	74.1		$	83.8

The effective tax rates are below the U.S. statutory rate, primarily reflecting the availability of excess foreign tax credits, as well as lower foreign effective tax rates. During 2014, the tax rate was impacted by the devaluation of the Venezuelan bolivar that generated losses for which there was no tax benefit.

Deferred tax assets (liabilities) were composed of the following:

(In millions)	2016			2015
Purchased intangibles	$	(21.7	)	$	(26.6	)
Other	(14.1		)	(9.2		)
Gross deferred tax liabilities	(35.8		)	(35.8		)
Credit and net operating loss carry forwards (net of unrecognized tax benefits)	301.2			293.6
Employee benefits accruals	63.1			63.2
Deferred costs	92.2			80.7
Fixed assets basis differences	22.4			33.6
Capitalized intangibles	34.2			32.7
Other accruals	32.1			27.8
Accounts receivable	11.3			10.5
Post-retirement benefits	7.1			7.5
Depreciation	13.4			7.2
Inventory	6.4			10.0
Gross deferred tax assets	583.4			566.8
Valuation allowances	(24.8		)	(23.1		)
Net deferred tax assets	$	522.8		$	507.9

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At December 31, 2016, the Company had domestic federal loss carryforward of $18.0 million, resulting in a domestic deferred tax asset of $6.4 million and state loss carry forwards of $161.0 million, state deferred tax assets of $6.0 million and a valuation allowance of $3.7 million. The Company had foreign net operating loss carry forwards of $213.8 million, resulting in a deferred tax asset of $62.2 million and a valuation allowance of $21.1 million. Of the total foreign and domestic net operating loss carry forwards, $304.2 million expire at various dates from 2017 to 2036, while the remainder have unlimited lives. This balance included net deferred tax assets of $6.4 million for federal net operating losses, which would expire in the years 2020 through 2035 if not utilized, $25.2 million of foreign net operating losses which would expire in 2026 if not utilized and no foreign net operating losses which would expire in 2017. During 2016, the Company realized net cash benefits of $1.4 million related to foreign net operating loss carry forwards. At December 31, 2016 and December 26, 2015, the Company had estimated gross foreign tax credit carry forwards of $215.0 million and $218.6 million, respectively, most of which would expire in 2018 through 2025 if not utilized. Deferred costs in December 31, 2016 included assets of $92.8 million related to advanced payment agreements entered into by the Company with its foreign subsidiaries, which are expected to reverse during the next three years.

As of December 31, 2016 and December 26, 2015, the Company's gross unrecognized tax benefit was $20.7 million and $21.8 million, respectively. During the year ended December 31, 2016, the accrual for uncertain tax positions decreased by $3.1 million primarily due to the expiration of the statute of limitations in various jurisdictions. During the year, the balance increased due to uncertain positions taken in various foreign tax jurisdictions that were partially offset by the impact of changes in foreign exchange rates. These valuation allowances relate to tax assets in jurisdictions where it is management's best estimate that there is not a greater than 50 percent probability that the benefit of the assets will be realized in the associated tax returns. This assessment is based upon expected future domestic results, future foreign dividends from then current year earnings and cash flows and other foreign source income, including rents and royalties, as well as anticipated gains related to future sales of land held for development near the Company's Orlando, Florida headquarters. In addition, certain tax planning transactions may be entered into to facilitate realization of these benefits. The likelihood of realizing the benefit of deferred tax assets is assessed on an ongoing basis. Consequently, future material changes in the valuation allowance are possible. The credit and net operating loss carry forwards increased by $7.6 million, in 2016, primarily due to an increase in credits for net operating losses. The increase in deferred costs of $11.5 million in 2016, was due to increase related to advanced payments during the year, netted against reversals of prior year payments.

The Company paid income taxes in 2016, 2015 and 2014 of $108.3 million, $106.4 million and $117.0 million, respectively. The Company has a foreign subsidiary which receives a tax holiday that expires in 2020. The net benefit of this and other expired tax holidays was $1.3 million, $2.6 million and $3.4 million in 2016, 2015 and 2014, respectively.

As of December 31, 2016 and December 26, 2015, the Company's gross unrecognized tax benefit was $20.7 million and $21.8 million, respectively. The Company estimates that approximately $19.2 million of the unrecognized tax benefits, if recognized, would impact the effective tax rate. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(In millions)	2016			2015			2014
Balance, beginning of year	$	21.8		$	22.5		$	27.4
Additions based on tax positions related to the current year	2.7			3.3			3.9
Additions for tax positions of prior year	1.2			3.4			1.2
Reduction for tax positions of prior years	(1.2		)	(1.6		)	(3.1		)
Settlements	—			(1.1		)	(1.9		)
Reductions for lapse in statute of limitations	(3.1		)	(3.2		)	(3.7		)
Impact of foreign currency rate changes versus the U.S. dollar	(0.7		)	(1.5		)	(1.3		)
Balance, end of year	$	20.7		$	21.8		$	22.5

Interest and penalties related to uncertain tax positions in the Company's global operations are recorded as a component of the provision for income taxes. Accrued interest and penalties were $7.1 million and $6.0 million as of December 31, 2016 and December 26, 2015, respectively. Interest and penalties included in the provision for income taxes totaled $1.1 million and $0.9 million for 2016 and 2014, respectively and no significant interest and penalties included in the provision for income taxes for 2015.

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During the year ended December 31, 2016, the accrual for uncertain tax positions decreased by $3.1 million primarily due to the expiration of the statute of limitations in various jurisdictions. During the year, increases in uncertain positions being taken during the year in various foreign tax jurisdictions were partially offset by the impact of changes in foreign exchange rates.

During the year ended December 26, 2015, the accrual for uncertain tax positions decreased by $1.1 million primarily as a result of the Company agreeing to tax settlements in various foreign jurisdictions, as well as a $3.2 million decrease of accruals for uncertain tax positions due to the expiration of the statute of limitations in various jurisdictions. During the year, increases in uncertain positions being taken in various foreign tax jurisdictions were partially offset by the impact of changes in foreign exchange rates.

During the year ended December 27, 2014, the accrual for uncertain tax positions decreased by $1.9 million primarily as a result of the Company agreeing to transfer pricing settlements in various foreign jurisdictions and entering into an Advanced Pricing Agreement, as well as a $3.7 million decrease of accruals for uncertain tax positions due to the expiration of the statute of limitations in various jurisdictions. During the year, increases in uncertain positions being taken in various foreign tax jurisdictions were partially offset by the impact of foreign exchange rates.

The Company operates globally and files income tax returns in the United States with federal and various state agencies, and in foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The Company is no longer subject to income tax examination in the following major jurisdictions: for U.S. tax for years before 2002, Australia (2011), Brazil (2005), China (2004), France (2011), Germany (2011), Greece (2009), India (2002), Indonesia (2009), Italy (2011), Malaysia (2009), Mexico (2005), and South Africa (2010), with limited exceptions.

The Company estimates that it may settle one or more foreign and domestic audits in the next twelve months that may result in a decrease in the amount of accrual for uncertain tax positions of up to $2.0 million. For the remaining balance as of December 31, 2016, the Company is not able to reliably estimate the timing or ultimate settlement amount. While the Company does not currently expect material changes, it is possible that the amount of unrecognized benefit with respect to the uncertain tax positions will significantly increase or decrease related to audits in various foreign jurisdictions that may conclude during that period or new developments that could also, in turn, impact the Company's assessment relative to the establishment of valuation allowances against certain existing deferred tax assets. At this time, the Company is not able to make a reasonable estimate of the range of impact on the balance of unrecognized tax benefits or the impact on the effective tax rate related to these items.

As of December 31, 2016, the Company had foreign undistributed earnings of $1.2 billion where it is the Company's intent that the earnings be reinvested indefinitely. Consequently, the Company has not provided for U.S. deferred income taxes on these undistributed earnings. The determination of the amount of unrecognized deferred U.S. income tax liability associated with these undistributed earnings is not practicable because of the complexities associated with the calculation.

The Company recognized $1.7 million of expense, and $6.0 million and $6.3 million of benefits for deductions, associated with the exercise of employee stock options in 2016, 2015 and 2014, respectively. These changes were added directly to paid-in capital, and were not reflected in the provision for income taxes.

Note 13: Retirement Benefit Plans

The Company has various defined benefit pension plans covering substantially all domestic employees employed as of June 30, 2005, except those employed by Beauticontrol, and certain employees in other countries. In addition to providing pension benefits, the Company provides certain post-retirement healthcare and life insurance benefits for selected U.S. and Canadian employees. Employees may become eligible for these benefits if they reach normal retirement age while working for the Company or satisfy certain age and years of service requirements. The medical plans are contributory for most retirees with contributions adjusted annually, and contain other cost-sharing features, such as deductibles and coinsurance. The medical plans include an allowance for Medicare for post-65 age retirees. Most employees and retirees outside the United States are covered by government healthcare programs.

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The Company uses its fiscal year end as the measurement date for its plans. The funded status of all of the Company's plans was as follows:

	U.S. plans												Foreign plans
	Pension benefits						Post-retirement benefits						Pension benefits
(In millions)	2016			2015			2016			2015			2016			2015
Change in benefit obligations:
Beginning balance	$	59.2		$	67.6		$	18.3		$	20.4		$	183.3		$	197.7
Service cost	0.3			0.3			0.1			0.1			11.3			10.3
Interest cost	2.2			2.3			0.7			0.7			4.5			4.5
Actuarial (gain) loss	(2.9		)	(8.6		)	(0.2		)	(1.0		)	7.3			(0.6		)
Benefits paid	(0.9		)	(2.2		)	(1.9		)	(1.8		)	(7.8		)	(11.1		)
Impact of exchange rates	—			—			—			(0.1		)	(11.0		)	(16.8		)
Plan participant contributions	—			—			—			—			0.8			4.2
Settlements/Curtailments	(8.1		)	(0.2		)	—			—			(8.8		)	(4.9		)
Ending balance	$	49.8		$	59.2		$	17.0		$	18.3		$	179.6		$	183.3
Change in plan assets at fair value:
Beginning balance	$	33.9		$	35.5		$	—		$	—		$	78.2		$	79.3
Actual return on plan assets	2.8			0.3			—			—			2.2			3.1
Company contributions	—			0.8			1.9			1.8			14.2			12.1
Plan participant contributions	—			—			—			—			0.8			4.2
Benefits and expenses paid	(1.6		)	(2.5		)	(1.9		)	(1.8		)	(7.8		)	(11.1		)
Impact of exchange rates	—			—			—			—			(1.9		)	(4.6		)
Settlements	(8.1		)	(0.2		)	—			—			(8.8		)	(4.8		)
Ending balance	$	27.0		$	33.9		$	—		$	—		$	76.9		$	78.2
Funded status of plans	$	(22.8	)	$	(25.3	)	$	(17.0	)	$	(18.3	)	$	(102.7	)	$	(105.1	)

Amounts recognized in the balance sheet consisted of:

(In millions)	December 31, 2016			December 26, 2015
Accrued benefit liability	$	(142.5	)	$	(148.7	)
Accumulated other comprehensive loss (pretax)	44.4			47.6

Items not yet recognized as a component of pension expense as of December 31, 2016 and December 26, 2015 consisted of:

	2016					2015
(In millions)	Pension Benefits		Post-retirement Benefits			Pension Benefits		Post-retirement Benefits
Transition obligation	$	2.2	$	—		$	2.1	$	—
Prior service cost (benefit)	1.1		(7.3		)	1.2		(8.7		)
Net actuarial loss	47.4		1.0			51.7		1.3
Accumulated other comprehensive loss(income) pretax	$	50.7	$	(6.3	)	$	55.0	$	(7.4	)

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Components of other comprehensive loss (income) for the years ended December 31, 2016 and December 26, 2015 consisted of the following:

	2016						2015
(In millions)	Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits
Net prior service cost (benefit)	—			1.3			(0.1		)	1.9
Net actuarial (gain)	(12.3		)	(0.2		)	(13.2		)	(1.6		)
Impact of exchange rates	8.0			—			(5.6		)	—
Other comprehensive (income) loss	$	(4.3	)	$	1.1		$	(18.9	)	$	0.3

In 2017, the Company expects to recognize a prior service benefit of approximately $1.4 million and a net actuarial loss of $2.1 million as components of pension and post-retirement expense.

The accumulated benefit obligation for all defined benefit pension plans at December 31, 2016 and December 26, 2015 was $205.7 million and $211.1 million, respectively. At December 31, 2016 and December 26, 2015, the accumulated benefit obligations of certain pension plans exceeded those respective plans' assets. For those plans, the accumulated benefit obligations were $196.9 million and $185.3 million, and the fair value of their assets was $93.7 million and $83.7 million as of December 31, 2016 and December 26, 2015, respectively. At December 31, 2016 and December 26, 2015, the benefit obligations of the Company's significant pension plans exceeded those respective plans' assets. The accrued benefit cost for the pension plans is reported in accrued liabilities and other long-term liabilities.

The costs associated with all of the Company's plans were as follows:

	Pension benefits									Post-retirement benefits
(Dollars in millions)	2016			2015			2014			2016			2015			2014
Components of net periodic benefit cost:
Service cost and expenses	$	11.8		$	10.8		$	10.8		$	0.1		$	0.1		$	0.1
Interest cost	6.7			6.9			8.6			0.7			0.7			1.1
Return on plan assets	(5.3		)	(5.3		)	(5.8		)	—			—			—
Settlement/Curtailment	3.9			1.7			1.8			—			—			—
Employee contributions	(0.2		)	(0.2		)	(0.3		)	—			—			—
Net deferral	2.7			4.5			2.7			(1.3		)	(1.3		)	(0.6		)
Net periodic benefit cost (income)	$	19.6		$	18.4		$	17.8		$	(0.5	)	$	(0.5	)	$	0.6
Weighted average assumptions:
U.S. plans
Discount rate, net periodic benefit cost	3.9		%	3.6		%	3.9		%	4.0		%	3.8		%	4.5		%
Discount rate, benefit obligations	3.7			3.9			3.5			4.0			4.0			3.8
Return on plan assets	8.3			8.3			8.3			n/a			n/a			n/a
Salary growth rate, net periodic benefit cost	—			3.0			3.0			n/a			n/a			n/a
Salary growth rate, benefit obligations	—			—			3.0			n/a			n/a			n/a
Foreign plans
Discount rate	2.3		%	2.4		%	2.6		%	n/a			n/a			n/a
Return on plan assets	3.2			3.4			3.8			n/a			n/a			n/a
Salary growth rate	2.9			3.1			3.2			n/a			n/a			n/a

____________________

n/a    Not applicable

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The Company has established strategic asset allocation percentage targets for significant asset classes with the aim of achieving an appropriate balance between risk and return. The Company periodically revises asset allocations, where appropriate, in an effort to improve return and/or manage risk. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. The market-related value of plan assets is based on long-term expectations given current investment objectives and historical results. The expected rate of return assumption used by the Company to determine the benefit obligation for its U.S. and foreign plans for 2016 was 8.3 percent and 3.2 percent, respectively, and 8.3 percent and 3.4 percent for 2015, respectively.

The Company determines the discount rate primarily by reference to rates on high-quality, long term corporate and government bonds that mature in a pattern similar to the expected payments to be made under the various plans. The weighted average discount rates used to determine the benefit obligation for its U.S. and foreign plans for 2016 was 3.7 percent and 2.3 percent, respectively, and 3.9 percent and 2.4 percent for 2015, respectively.

Effective January 1, 2015, Medicare eligible participants were moved from the self-insured employer plan to a private Medicare exchange, receiving a fixed subsidy from the Company. The Company no longer uses the assumed healthcare cost trends to value its post-retirement benefits obligation.

The Company sponsors a number of pension plans in the United States and in certain foreign countries. There are separate investment strategies in the United States and for each unit operating internationally that depend on the specific circumstances and objectives of the plans and/or to meet governmental requirements. The Company's overall strategic investment objectives are to preserve the desired funded status of its plans and to balance risk and return through a wide diversification of asset types, fund strategies and investment managers. The asset allocation depends on the specific strategic objectives for each plan and is rebalanced to obtain the target asset mix if the percentages fall outside of the range considered acceptable. The investment policies are reviewed from time to time to ensure consistency with long-term objectives. Options, derivatives, forward and futures contracts, short positions, or margined positions may be held in reasonable amounts as deemed prudent. For plans that are tax-exempt, any transactions that would jeopardize this status are not allowed. Lending of securities is permitted in some cases in which appropriate compensation can be realized. While the Company's plans do not invest directly in its own stock, it is possible that the various plans' investments in mutual, commingled or indexed funds or insurance contracts (GIC's) may hold ownership of Company securities. The investment objectives of each unit are more specifically outlined below.

The Company's weighted-average asset allocations at December 31, 2016 and December 26, 2015, by asset category, were as follows:

	2016				2015
Asset category	U.S. plans		Foreign plans		U.S. plans		Foreign plans
Equity securities	62	%	27	%	63	%	27	%
Fixed income securities	38		16		37		16
Cash and money market investments	—		6		—		6
Guaranteed contracts	—		50		—		50
Other	—		1		—		1
Total	100	%	100	%	100	%	100	%

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The fair value of the Company's pension plan assets at December 31, 2016 by asset category was as follows:

Description of assets (in millions)		December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Domestic plans:
	Common/collective trust (a)	$	27.0	$	—	$	27.0	$	—
Foreign plans:
Australia	Investment fund (b)	2.6		—		2.6		—
Switzerland	Guaranteed insurance contract (c)	28.5		—		—		28.5
Germany	Guaranteed insurance contract (c)	5.0		—		—		5.0
Belgium	Mutual fund (d)	21.8		21.8		—		—
Austria	Guaranteed insurance contract (c)	0.4		—		—		0.4
Korea	Guaranteed insurance contract (c)	4.0		—		—		4.0
Japan	Common/collective trust (e)	10.9		—		10.9		—
Philippines	Fixed income securities (f)	1.4		1.4		—		—
	Equity fund (f)	2.3		2.3		—		—
Total		$	103.9	$	25.5	$	40.5	$	37.9

The fair value of the Company's pension plan assets at December 26, 2015 by asset category was as follows:

Description of assets (in millions)		December 26, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Domestic plans:
	Common/collective trust (a)	$	33.9	$	—	$	33.9	$	—
Foreign plans:
Australia	Investment fund (b)	2.3		—		2.3		—
Switzerland	Guaranteed insurance contract (c)	30.9		—		—		30.9
Germany	Guaranteed insurance contract (c)	5.0		—		—		5.0
Belgium	Mutual funds (d)	21.8		21.8		—		—
Austria	Guaranteed insurance contract (c)	0.4		—		—		0.4
Korea	Guaranteed insurance contract (c)	2.4		—		—		2.4
Japan	Common/collective trust (e)	11.1		—		11.1		—
Philippines	Fixed income securities (f)	1.4		1.4		—		—
	Equity fund (f)	2.9		2.9		—		—
Total		$	112.1	$	26.1	$	47.3	$	38.7

____________________

(a) The investment strategy of the U.S. pension plan for each period presented was to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 60 percent in equity securities and 40 percent in fixed income securities. As of the years ended December 31, 2016 and December 26, 2015, the common trusts held 62 percent and 63 percent of its assets in equity securities and 38 percent and 37 percent in fixed income securities, respectively. The percentage of funds invested in equity securities at the end of 2016 and 2015, included: 10 percent in international stocks, 20 percent in small U.S. stocks in each year, and 32 percent and 33 percent in large U.S. stocks, respectively. The common trusts are comprised of shares or units in commingled funds that are not publicly traded. The underlying assets in these funds (equity securities and fixed income securities) are valued using quoted market prices.

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(b) For each period presented, the strategy of this fund is to achieve a long-term net return of at least 4 percent above inflation based on the Australian consumer price index over a rolling five-year period. The investment strategy is to invest mainly in equities and property, which are expected to earn relatively higher returns over the long term. The fair value of the fund is determined using the net asset value per share using quoted market prices or other observable inputs in active markets. As of December 31, 2016 and December 26, 2015, the percentage of funds held in investments included: Australian equities of 31 percent and 29 percent, other equities of listed companies outside of Australia of 41 percent and 42 percent, real estate of 9 percent and 10 percent, respectively, and government and corporate bonds of 12 percent and cash of 7 percent in each year.

(c) The strategy of the Company's plans in Austria, Germany, Korea and Switzerland is to seek to ensure the future benefit payments of their participants and manage market risk. This is achieved by funding the pension obligations through guaranteed insurance contracts. The plan assets operate similar to investment contracts whereby the interest rate, as well as the surrender value, is guaranteed. The fair value is determined as the contract value, using a guaranteed rate of return which will increase if the market performance exceeds that return.

(d) The strategy of the Belgian plan in each period presented is to seek to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 62 percent in equity securities and 38 percent in fixed income securities. The fair value of the fund is calculated using the net asset value per share as determined by the quoted market prices of the underlying investments. As of December 31, 2016 and December 26, 2015, the percentage of funds held in various asset classes included: large-cap equities of European companies of 27 percent and 24 percent, small-cap equities of European companies of 17 percent and 19 percent, bonds, primarily from European and U.S. governments, of 32 percent and 31 percent, and money market fund of 17 percent and 18 percent, and equities outside of Europe, mainly in the U.S. and emerging markets, 7 percent and 8 percent, respectively.

(e) The Company's strategy is to invest approximately 47 percent of assets to benefit from the higher expected returns from long-term investments in equities and to invest 53 percent of assets in short-term low investment risk instruments to fund near term benefits payments. The target allocation for plan assets to implement this strategy is 40 percent equities in Japanese listed securities, 7 percent in equities outside of Japan, 3 percent in cash and other short-term investments and 50 percent in domestic Japanese bonds. This strategy has been achieved through a collective trust that held 100 percent of total funded assets as of December 31, 2016 and December 26, 2015. As of the end of December 31, 2016 and December 26, 2015, the allocation of funds within the common collective trust included: 40 percent and 50 percent in Japanese equities, 50 percent and 40 percent in Japanese bonds, respectively, and 7 percent in equities of companies based outside of Japan and 3 percent in cash and other short term investments in each year. The fair value of the collective trust is determined by the market value of the underlying shares, which are traded in active markets.

(f) In both years, the investment strategy in the Philippines was to achieve an appropriate balance between risk and return, from a diversified portfolio of Philippine peso denominated bonds and equities. The target asset class allocations is 57 percent in equity securities, 38 percent fixed income securities and 5 percent in cash and deposits. The fixed income securities at year end included assets valued using a weighted average of completed deals on similarly termed government securities, as well as balances invested in short term deposit accounts. The equity index fund was valued at the closing price of the active market in which it was traded.

The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3):

	Year Ending
(In millions)	December 31, 2016			December 26, 2015
Beginning balance	$	38.7		$	36.7
Realized gains	0.9			0.7
Purchases, sales and settlements, net	(0.4		)	2.5
Impact of exchange rates	(1.3		)	(1.2		)
Ending balance	$	37.9		$	38.7

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The Company expects to contribute $10.4 million to its U.S. and foreign pension plans and $1.8 million to its other U.S. post-retirement benefit plan in 2017.

The Company also has several savings, thrift and profit-sharing plans. Its contributions to these plans are in part based upon various levels of employee participation. The total cost of these plans was $6.1 million, $7.4 million and $8.7 million for 2016, 2015 and 2014, respectively.

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid from the Company's U.S. and foreign plans (in millions):

Years	Pension benefits		Post-retirement benefits		Total
2017		$13.2		$1.8		$15.0
2018	15.9		1.7		17.6
2019	22.7		1.6		24.3
2020	11.7		1.5		13.2
2021	12.2		1.4		13.6
2022-2026	66.6		5.8		72.4

Note 14: Incentive Compensation Plans

On May 24, 2016, the shareholders of the Company approved the adoption of the Tupperware Brands Corporation 2016 Incentive Plan (the “2016 Incentive Plan”). The 2016 Incentive Plan provides for the issuance of cash and stock-based incentive awards to employees, directors and certain non-employee participants. Stock-based awards may be in the form of stock options, restricted stock, restricted stock units, performance vesting and market vesting awards. Under the plan, awards that are canceled or expire are added back to the pool of available shares. When the 2016 Incentive Plan was approved, the number of shares of the Company's common stock available for stock-based awards under the plan totaled 3,500,000, plus remaining shares available for issuance under the Tupperware Brands Corporation 2010 Incentive Plan, the Tupperware Brands Corporation 2006 Incentive Plan and the Tupperware Brands Corporation Director Stock Plan. Shares may no longer be granted under the plans adopted before 2016. The total number of shares available for grant under the 2016 Incentive Plan as of December 31, 2016 was 4,050,366.

Under the 2016 Incentive Plan, non-employee directors receive approximately one-half of their annual retainers in the form of stock and may elect to receive the balance of their annual retainers in the form of stock or cash. In addition, each non-employee director is eligible to receive a stock award in such form, at such time and in such amount as may be determined by the Nominating and Governance Committee of the Board of Directors.

Stock Options

Stock options to purchase the Company's common stock are granted to employees and directors, upon approval by the Company's Board of Directors, with an exercise price equal to the fair market value of the stock on the date of grant. Options generally become exercisable in three years, in equal installments beginning one year from the date of grant, and generally expire 10 years from the date of grant. The fair value of the Company's stock options is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used in the last three years:

	2016		2015		2014
Dividend yield	4.7	%	4.3	%	3.3	%
Expected volatility	30	%	36	%	40	%
Risk-free interest rate	2.1	%	2.1	%	2.1	%
Expected life	7 years		7 years		7 years

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Stock option activity for 2016, under all of the Company's incentive plans, is summarized in the following table:

	Shares subject to option		Weighted average exercise price per share		Aggregate Intrinsic Value (in millions)
Outstanding at December 26, 2015	2,100,478			$56.92
Granted	666,848		58.90
Expired/Forfeited	(12,119	)	59.79
Exercised	(32,242	)	24.54
Outstanding at December 31, 2016	2,722,965			$57.78		$5.2
Exercisable at December 31, 2016	1,601,018			$57.37		$5.2

The intrinsic value of options exercised during 2016, 2015 and 2014 totaled $1.2 million, $20.8 million and $20.4 million, respectively. The average remaining contractual life on outstanding and exercisable options was 7.0 and 5.4, respectively, at the end of 2016. The weighted average estimated grant date fair value of 2016, 2015 and 2014 option grants was $10.67, $13.13 and $19.17 per share, respectively.

Performance Awards, Restricted Stock and Restricted Stock Units

The Company also grants restricted stock, restricted stock units, performance-vested awards and market-vested awards to employees and directors, which typically have initial vesting periods ranging from one to three years. Compensation expense associated with time-vested grants of restricted stock and restricted stock units is equal to the market value of the Company's common stock on the grant date, and is recorded straight-line over the required service period. For performance-vested awards, expense is determined by the market value of the Company's common stock on the grant date and the number of shares ultimately earned as described below and is recorded over the required service period, subject to a probability assessment of achieving the performance criteria. The grant date fair value per share of market-vested awards already reflect the probability of achieving the market condition, and is therefore used to record expense straight line over the performance period regardless of actual achievement.

The incentive program for the performance and market-vested awards are based upon a target number of share units, although the actual number of performance and market-vested shares ultimately earned can vary from zero to 150 percent of target depending on the Company's achievement under the performance criteria of the grants. The payouts, if earned, will be settled in Tupperware common stock after the end of the three year performance period.

The Company's performance-vested awards provide incentive opportunity based on the overall success of the Company over a three year performance period, as reflected through a measure of diluted earnings per share in the 2014 through 2016 grants.

The Company's market-vested awards provide incentive opportunity based on the relative total shareholder return ("rTSR") of the Company's common stock against a group of companies composed of the S&P 400 Mid-cap Consumer Discretionary index and the Company's Compensation Peer Group (collectively, the "Comparative Group") over a three year performance period. The fair value per share of rTSR grants in 2016, 2015 and 2014 was $49.55, $64.21 and $70.85, respectively. The fair value was determined using a Monte-Carlo simulation, which estimated the fair value based on the Company's share price activity between the beginning of the year and the grant date relative to the Comparative Group, expected term of the award, risk-free interest rate, expected dividends, and the expected volatility of the stock of the Company and that of the Comparative Group.

In 2016, as a result of the Company's performance, the estimated number of shares expected to vest increased by 369 shares for the three performance share plans running during 2016.

75

Restricted stock, restricted stock units, performance-vested and market-vested share award activity for 2016 under all of the Company's incentive plans is summarized in the following table:

	Non-vested Shares outstanding		Weighted average grant date per share fair value
Outstanding at December 26, 2015	550,467			$69.71
Time-vested shares granted	180,207		59.06
Market-vested shares granted	30,019		49.55
Performance shares granted	89,321		49.95
Performance share adjustments	369		58.50
Vested	(221,583	)	72.77
Forfeited	(25,860	)	70.37
Outstanding at December 31, 2016	602,940			$61.28

The vesting date fair value of restricted stock, restricted stock units and performance-vested awards that vested in 2016, 2015 and 2014 was $12.4 million, $20.9 million and $26.8 million, respectively. The weighted-average grant-date fair value per share of these types of awards in 2016, 2015 and 2014 was $55.39, $61.89 and $72.86, respectively.

For awards that are paid in cash, compensation expense is remeasured each reporting period based on the market value of the shares outstanding and is included as a liability on the Consolidated Balance Sheets. Shares outstanding under cash settled awards totaled 18,174, 27,582 and 23,986 shares as of the end of 2016, 2015 and 2014, respectively. These outstanding cash settled awards had a fair value of $1.0 million at the end of 2016 and $1.5 million as of the end of 2015 and 2014.

Compensation expense associated with all stock-based compensation was $20.0 million, $20.0 million and $18.9 million in 2016, 2015 and 2014, respectively. The estimated tax benefit associated with this compensation expense was $7.2 million, $7.2 million and $6.8 million in 2016, 2015 and 2014, respectively. As of December 31, 2016, total unrecognized stock based compensation expense related to all stock based awards was $27.4 million, which is expected to be recognized over a weighted average period of 24 months.

Expense related to earned cash performance awards of $18.7 million, $21.5 million and $13.2 million was included in the Consolidated Statements of Income for 2016, 2015 and December 27, 2014, respectively.

The Company's Board of Directors has authorized up to $2 billion of open market share repurchases under a program that began in 2007 and expires on February 1, 2020. During 2014, under this program, the Company repurchased 1.2 million shares at an aggregate cost of $84.3 million. There were no share repurchases under this program in 2015 and 2016. Since inception of the program, the Company has repurchased 21.3 million shares at an aggregate cost of $1.29 billion.

76

Note 15: Segment Information

The Company manufactures and distributes a broad portfolio of products, primarily through independent direct sales consultants. Certain operating segments have been aggregated based upon consistency of economic substance, geography, products, production process, class of customers and distribution method.

Effective from the first quarter of 2016, the Nutrimetics business in France, previously reported in the Asia Pacific segment, is being reported in the Europe segment. Comparable information from prior periods has been reclassified to conform with the new presentation. In full year 2016, Nutrimetics France generated less than one half percent of total sales.

The Company's reportable segments include the following:

Europe	Primarily design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware® brand. Europe also includes Avroy Shlain® in South Africa and Nutrimetics® in France, which sell beauty and personal care products. Some units in Asia Pacific also sell beauty and personal care products under the NaturCare®, Nutrimetics® and Fuller® brands.
Asia Pacific
Tupperware North America
Beauty North America	Premium cosmetics, skin care and personal care products marketed under the Beauticontrol® brand in the United States, Canada and Puerto Rico and the Fuller Cosmetics® brand in Mexico and Central America.
South America	Both housewares and beauty products under the Fuller®, Nutrimetics®, Nuvo® and Tupperware® brands.

Worldwide sales of beauty and personal care products totaled $368.5 million, $428.8 million and $510.8 million in 2016, 2015 and 2014, respectively.

(In millions)	2016			2015			2014
Net sales:
Europe	$	559.4		$	612.9		$	740.6
Asia Pacific	748.6			771.0			839.6
Tupperware North America	358.3			353.7			349.9
Beauty North America	190.0			240.0			290.9
South America	356.8			306.2			385.1
Total net sales	$	2,213.1		$	2,283.8		$	2,606.1
Segment profit:
Europe	$	65.3		$	92.4		$	117.5
Asia Pacific	181.0			175.9			191.7
Tupperware North America	69.7			67.4			68.3
Beauty North America	(3.6		)	2.3			1.3
South America	82.2			46.5			27.1
Total segment profit	$	394.6		$	384.5		$	405.9
Unallocated expenses	(67.6		)	(72.8		)	(55.9		)
Re-engineering and impairment charges (a)	(7.6		)	(20.3		)	(11.0		)
Gains on disposal of assets (b)	27.3			13.7			2.7
Interest expense, net	(45.4		)	(45.2		)	(43.5		)
Income before taxes	$	301.3		$	259.9		$	298.2

77

(In millions)	2016		2015		2014
Depreciation and amortization:
Europe	$	15.9	$	17.3	$	20.5
Asia Pacific	14.5		14.9		12.8
Tupperware North America	10.2		10.5		9.6
Beauty North America	8.5		10.8		11.8
South America	3.3		4.1		4.2
Corporate	5.1		4.8		4.8
Total depreciation and amortization	$	57.5	$	62.4	$	63.7
Capital expenditures:
Europe	$	15.6	$	18.2	$	18.9
Asia Pacific	12.0		12.3		19.3
Tupperware North America	9.1		9.2		11.8
Beauty North America	2.8		3.4		3.1
South America	12.4		8.9		12.6
Corporate	9.7		9.1		3.7
Total capital expenditures	$	61.6	$	61.1	$	69.4
Identifiable assets:
Europe	$	257.2	$	276.5	$	343.4
Asia Pacific	278.6		290.2		315.3
Tupperware North America	119.0		121.2		137.1
Beauty North America	214.7		254.0		317.0
South America	124.6		96.9		131.1
Corporate	593.7		559.4		525.9
Total identifiable assets	$	1,587.8	$	1,598.2	$	1,769.8

____________________

(a) See Note 2 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

(b) Gains on disposal of assets in 2016, 2015 and 2014 include $26.5 million, $12.9 million and $1.3 million from transactions related to land near the Orlando, FL headquarters.

Sales and segment profit in the preceding table are from transactions with customers, with inter-segment profit eliminated. Sales generated by product line, except beauty and personal care, as opposed to Tupperware^®, are not captured in the financial statements, and disclosure of the information is impractical. Sales to a single customer did not exceed 10 percent of total sales in any segment. In 2016, 2015 and 2014 sales of Tupperware^® and beauty products to customers in Mexico were $282.4 million, $338.9 million and $387.7 million, respectively, while sales in Brazil were $260.4 million, $201.1 million and $225.8 million, respectively. There was no other foreign country in which sales were individually material to the Company's total sales. Sales of Tupperware^® and beauty products to customers in the United States were $204.2 million, $209.4 million and $210.4 million in 2016, 2015 and 2014, respectively. Unallocated expenses are corporate expenses and other items not directly related to the operations of any particular segment.

Corporate assets consist of cash and buildings and assets maintained for general corporate purposes. As of the end of 2016, 2015 and 2014, respectively, long-lived assets in the United States were $88.7 million, $86.6 million and $88.7 million.

As of December 31, 2016 and December 26, 2015, the Company's net investment in international operations was $482.1 million and $429.0 million, respectively. The Company is subject to the usual economic, business and political risks associated with international operations; however, these risks are partially mitigated by the broad geographic dispersion of the Company's operations.

78

Note 16: Commitments and Contingencies

The Company and certain subsidiaries are involved in litigation and various legal matters that are being defended and handled in the ordinary course of business. Included among these matters are environmental issues. The Company does not include estimated future legal costs in accruals recorded related to these matters. The Company believes that it is remote that the Company's contingencies will have a material adverse effect on its financial position, results of operations or cash flow.

Kraft Foods, Inc., which was formerly affiliated with Premark International, Inc., the Company's former parent, has assumed any liabilities arising out of certain divested or discontinued businesses. The liabilities assumed include matters alleging product liability, environmental liability and infringement of patents.

Leases. Rental expense for operating leases totaled $33.3 million in 2016, $34.0 million in 2015 and $38.0 million in 2014. Approximate minimum rental commitments under non-cancelable operating leases in effect at December 31, 2016 were: 2017-$30.3 million; 2018-$23.4 million; 2019-$14.8 million; 2020-$8.6 million; 2021-$4.8 million; and after 2021-$28.3 million. Leases included in the minimum rental commitments for 2017 and 2018 primarily relate to lease agreements for automobiles which generally have a lease term of two to three years with the remaining leases related to office, manufacturing and distribution space. It is common for lease agreements to contain various provisions for items such as step rent or other escalation clauses and lease concessions, which may offer a period of no rent payment. These types of items are considered by the Company, and are recorded into expense on a straight line basis over the minimum lease terms. There are no material lease agreements containing renewal options. Certain leases require the Company to pay property taxes, insurance and routine maintenance.

Note 17: Allowance for Long-Term Receivables

As of December 31, 2016, $10.6 million of long-term receivables from both active and inactive customers were considered past due, the majority of which were reserved through the Company's allowance for uncollectible accounts.

The balance of the allowance for long-term receivables as of December 31, 2016 was as follows:

(In millions)
Balance at December 26, 2015	$	11.2
Write-offs	(2.0		)
Provision (a)	2.0
Currency translation adjustment	(0.2		)
Balance at December 31, 2016	$	11.0

____________________

(a) Provision includes $1.6 million of reclassifications from current receivables.

79

Note 18: Guarantor Information

The Company's payment obligations under the Senior Notes are fully and unconditionally guaranteed, on a senior secured basis, by the Guarantor. The guarantee is secured by certain "Tupperware" trademarks and service marks owned by the Guarantor, as discussed in Note 7 to the Consolidated Financial Statements.

Condensed consolidated financial information as of December 31, 2016 and December 26, 2015 and for the years ended December 31, 2016, December 26, 2015 and December 27, 2014 for Tupperware Brands Corporation (the "Parent"), Dart Industries Inc. (the "Guarantor") and all other subsidiaries (the "Non-Guarantors") is as follows. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent and Guarantor of the equity method of accounting to reflect ownership interests in subsidiaries that are eliminated upon consolidation. The Guarantor is 100% owned by the Parent, and there are certain entities within the Non-Guarantors classification which the Parent owns directly. There are no significant restrictions on the ability of either the Parent or the Guarantor from obtaining adequate funds from their respective subsidiaries by dividend or loan that should interfere with their ability to meet their operating needs or debt repayment obligations.

Consolidating Statement of Income

	Year ended December 31, 2016
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,219.1	$	(6.0	)	$	2,213.1
Other revenue	—			126.9			29.3		(156.2		)	—
Cost of products sold	—			29.4			838.9		(153.3		)	715.0
Gross margin	—			97.5			1,409.5		(8.9		)	1,498.1
Delivery, sales and administrative expense	19.1			78.1			1,082.5		(8.9		)	1,170.8
Re-engineering and impairment charges	—			1.2			6.4		—			7.6
Gains on disposal of assets including insurance recoveries, net	—			—			27.3		—			27.3
Operating income (loss)	(19.1		)	18.2			347.9		—			347.0
Interest income	20.9			1.8			27.1		(46.4		)	3.4
Interest expense	34.9			51.5			8.8		(46.4		)	48.8
Income from equity investments in subsidiaries	242.3			240.9			—		(483.2		)	—
Other expense	0.1			(33.6		)	33.8		—			0.3
Income before income taxes	209.1			243.0			332.4		(483.2		)	301.3
Provision (benefit) for income taxes	(14.5		)	5.1			87.1		—			77.7
Net income	$	223.6		$	237.9		$	245.3	$	(483.2	)	$	223.6
Comprehensive income	$	174.1		$	188.0		$	163.8	$	(351.8	)	$	174.1

80

Consolidating Statement of Income

	Year ended December 26, 2015
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,288.6	$	(4.8	)	$	2,283.8
Other revenue	—			123.9			31.6		(155.5		)	—
Cost of products sold	—			31.6			864.0		(151.2		)	744.4
Gross margin	—			92.3			1,456.2		(9.1		)	1,539.4
Delivery, sales and administrative expense	20.6			78.6			1,127.5		(9.1		)	1,217.6
Re-engineering and impairment charges	—			—			20.3		—			20.3
Gains on disposal of assets including insurance recoveries, net	—			—			13.7		—			13.7
Operating income (loss)	(20.6		)	13.7			322.1		—			315.2
Interest income	19.6			22.5			7.4		(47.1		)	2.4
Interest expense	36.4			37.7			20.6		(47.1		)	47.6
Income from equity investments in subsidiaries	208.1			203.6			—		(411.7		)	—
Other expense	—			0.6			9.5		—			10.1
Income before income taxes	170.7			201.5			299.4		(411.7		)	259.9
Provision (benefit) for income taxes	(15.1		)	(4.0		)	93.2		—			74.1
Net income	$	185.8		$	205.5		$	206.2	$	(411.7	)	$	185.8
Comprehensive income	$	72.5		$	84.0		$	104.0	$	(188.0	)	$	72.5

Consolidating Statement of Income

	Year ended December 27, 2014
(In millions)	Parent			Guarantor		Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—	$	2,613.9	$	(7.8	)	$	2,606.1
Other revenue	—			138.5		25.9		(164.4		)	—
Cost of products sold	—			25.9		1,020.8		(162.7		)	884.0
Gross margin	—			112.6		1,619.0		(9.5		)	1,722.1
Delivery, sales and administrative expense	19.5			67.1		1,269.0		(9.5		)	1,346.1
Re-engineering and impairment charges	—			0.1		10.9		—			11.0
Gains on disposal of assets including insurance recoveries, net	—			—		2.7		—			2.7
Operating income (loss)	(19.5		)	45.4		341.8		—			367.7
Interest income	0.4			28.9		4.4		(30.7		)	3.0
Interest expense	36.3			20.7		20.2		(30.7		)	46.5
Income from equity investments in subsidiaries	250.3			217.4		—		(467.7		)	—
Other expense	—			0.2		25.8		—			26.0
Income before income taxes	194.9			270.8		300.2		(467.7		)	298.2
Provision (benefit) for income taxes	(19.5		)	20.8		82.5		—			83.8
Net income	$	214.4		$	250.0	$	217.7	$	(467.7	)	$	214.4
Comprehensive income	$	122.5		$	160.9	$	166.4	$	(327.3	)	$	122.5

81

Condensed Consolidating Balance Sheet

	December 31, 2016
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	0.5	$	92.7	$	—		$	93.2
Accounts receivable, net	—		—		125.3		—			125.3
Inventories	—		—		240.4		—			240.4
Non-trade amounts receivable, net	—		50.5		85.1		(70.7		)	64.9
Intercompany receivables	11.9		935.8		270.3		(1,218.0		)	—
Prepaid expenses and other current assets	1.1		5.4		100.9		(85.9		)	21.5
Total current assets	13.0		992.2		914.7		(1,374.6		)	545.3
Deferred income tax benefits, net	142.7		193.2		203.8		—			539.7
Property, plant and equipment, net	—		50.4		209.4		—			259.8
Long-term receivables, net	—		0.1		13.1		—			13.2
Tradenames, net	—		—		67.3		—			67.3
Goodwill	—		2.9		129.7		—			132.6
Investments in subsidiaries	1,356.7		1,321.3		—		(2,678.0		)	—
Intercompany notes receivable	479.4		95.6		725.6		(1,300.6		)	—
Other assets, net	1.2		1.2		57.8		(30.3		)	29.9
Total assets	$	1,993.0	$	2,656.9	$	2,321.4	$	(5,383.5	)	$	1,587.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	5.0	$	112.7	$	—		$	117.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	104.0		—		1.9		—			105.9
Intercompany payables	858.9		263.4		95.7		(1,218.0		)	—
Accrued liabilities	130.9		102.8		246.9		(156.6		)	324.0
Total current liabilities	1,093.8		371.2		457.2		(1,374.6		)	547.6
Long-term debt and capital lease obligations	599.4		—		6.6		—			606.0
Intercompany notes payable	77.0		928.0		295.6		(1,300.6		)	—
Other liabilities	10.0		56.8		184.9		(30.3		)	221.4
Shareholders' equity	212.8		1,300.9		1,377.1		(2,678.0		)	212.8
Total liabilities and shareholders' equity	$	1,993.0	$	2,656.9	$	2,321.4	$	(5,383.5	)	$	1,587.8

82

Condensed Consolidating Balance Sheet

	December 26, 2015
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	—	$	79.8	$	—		$	79.8
Accounts receivable, net	—		—		142.7		—			142.7
Inventories	—		—		254.6		—			254.6
Non-trade amounts receivable, net	0.1		30.1		109.6		(94.3		)	45.5
Intercompany receivables	11.8		754.2		228.8		(994.8		)	—
Prepaid expenses and other current assets	1.1		3.3		118.1		(94.6		)	27.9
Total current assets	13.0		787.6		933.6		(1,183.7		)	550.5
Deferred income tax benefits, net	143.5		219.9		161.5		—			524.9
Property, plant and equipment, net	—		46.6		207.0		—			253.6
Long-term receivables, net	—		0.1		13.1		—			13.2
Tradenames, net	—		—		82.7		—			82.7
Goodwill	—		2.9		143.4		—			146.3
Investment in subsidiaries	1,164.8		1,190.1		—		(2,354.9		)	—
Intercompany notes receivable	462.0		90.5		579.7		(1,132.2		)	—
Other assets, net	1.6		0.6		108.1		(83.3		)	27.0
Total assets	$	1,784.9	$	2,338.3	$	2,229.1	$	(4,754.1	)	$	1,598.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	3.3	$	123.5	$	(0.1	)	$	126.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	90.4		1.2		70.9		—			162.5
Intercompany payables	688.2		224.2		82.4		(994.8		)	—
Accrued liabilities	155.1		111.5		247.1		(188.9		)	324.8
Total current liabilities	933.7		340.2		523.9		(1,183.8		)	614.0
Long-term debt and capital lease obligations	599.3		—		8.9		—			608.2
Intercompany notes payable	78.5		768.1		285.6		(1,132.2		)	—
Other liabilities	12.4		107.8		178.0		(83.2		)	215.0
Shareholders' equity	161.0		1,122.2		1,232.7		(2,354.9		)	161.0
Total liabilities and shareholders' equity	$	1,784.9	$	2,338.3	$	2,229.1	$	(4,754.1	)	$	1,598.2

83

Condensed Consolidating Statement of Cash Flows

	Year ended December 31, 2016
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	(29.9	)	$	(0.8	)	$	275.2		$	(5.9	)	$	238.6
Investing Activities:
Capital expenditures	—			(16.0		)	(45.6		)	—			(61.6		)
Proceeds from disposal of property, plant and equipment	—			—			35.9			—			35.9
Net intercompany loans	(18.9		)	(186.4		)	(194.5		)	399.8			—
Net cash provided by (used in) investing activities	(18.9		)	(202.4		)	(204.2		)	399.8			(25.7		)
Financing Activities:
Dividend payments to shareholders	(138.8		)	—			—			—			(138.8		)
Dividend payments to parent	—			—			(21.2		)	21.2			—
Net proceeds from issuance of senior notes	(0.2		)	—			0.2			—			—
Proceeds from exercise of stock options	0.8			—			—			—			0.8
Repurchase of common stock	(1.7		)	—			—			—			(1.7		)
Repayment of long-term debt and capital lease obligations	—			—			(2.2		)	—			(2.2		)
Net change in short-term debt	17.5			(1.2		)	(68.3		)	—			(52.0		)
Excess tax benefits from share-based payment arrangements	0.6			—			—			—			0.6
Net intercompany borrowings	170.6			204.9			39.6			(415.1		)	—
Net cash provided by (used in) financing activities	48.8			203.7			(51.9		)	(393.9		)	(193.3		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(6.2		)	—			(6.2		)
Net change in cash and cash equivalents	—			0.5			12.9			—			13.4
Cash and cash equivalents at beginning of year	—			—			79.8			—			79.8
Cash and cash equivalents at end of period	$	—		$	0.5		$	92.7		$	—		$	93.2

84

Condensed Consolidating Statement of Cash Flows

	Year ended December 26, 2015
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	438.9		$	230.6		$	66.4		$	(510.2	)	$	225.7
Investing Activities:
Capital expenditures	—			(14.7		)	(46.4		)	—			(61.1		)
Proceeds from disposal of property, plant and equipment	—			—			18.0			—			18.0
Net intercompany loans	(335.7		)	296.3			492.0			(452.6		)	—
Return of capital	—			105.5			—			(105.5		)	—
Net cash provided by (used in) investing activities	(335.7		)	387.1			463.6			(558.1		)	(43.1		)
Financing Activities:
Dividend payments to shareholders	(138.0		)	—			—			—			(138.0		)
Dividend payments to parent	—			(400.0		)	(103.1		)	503.1			—
Net proceeds from issuance of senior notes	0.1			—			(0.1		)	—			—
Proceeds from exercise of stock options	16.1			—			—			—			16.1
Repurchase of common stock	(1.5		)	—			—			—			(1.5		)
Repayment of long-term debt and capital lease obligations	—			—			(2.6		)	—			(2.6		)
Net change in short-term debt	(9.5		)	(2.3		)	(24.6		)	—			(36.4		)
Debt issuance costs	(0.7		)	—			—			—			(0.7		)
Excess tax benefits from share-based payment arrangements	6.0			—			—			—			6.0
Net intercompany borrowings	24.3			(215.3		)	(268.8		)	459.8			—
Return of capital to parent	—			—			(105.5		)	105.5			—
Net cash provided by (used in) financing activities	(103.2		)	(617.6		)	(504.7		)	1,068.4			(157.1		)
Effect of exchange rate changes on cash and cash equivalents	—			(0.1		)	(22.5		)	(0.1		)	(22.7		)
Net change in cash and cash equivalents	—			—			2.8			—			2.8
Cash and cash equivalents at beginning of year	—			—			77.0			—			77.0
Cash and cash equivalents at end of period	$	—		$	—		$	79.8		$	—		$	79.8

85

Condensed Consolidating Statement of Cash Flows

	Year ended December 27, 2014
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	306.7		$	1,482.7		$	96.5		$	(1,601.8	)	$	284.1
Investing Activities:
Capital expenditures	—			(14.7		)	(54.7		)	—			(69.4		)
Proceeds from disposal of property, plant and equipment	—			—			7.1			—			7.1
Net intercompany loans	5.1			(190.8		)	1,839.9			(1,654.2		)	—
Return of capital	—			604.3			—			(604.3		)	—
Net cash provided by (used in) investing activities	5.1			398.8			1,792.3			(2,258.5		)	(62.3		)
Financing Activities:
Dividend payments to shareholders	(135.5		)	—			—			—			(135.5		)
Dividend payments to parent	—			(352.0		)	(1,281.5		)	1,633.5			—
Proceeds from exercise of stock options	15.7			—			—			—			15.7
Repurchase of common stock	(92.3		)	—			—			—			(92.3		)
Repayment of long-term debt and capital lease obligations	—			—			(3.0		)	—			(3.0		)
Net change in short-term debt	(9.1		)	2.3			4.6			—			(2.2		)
Excess tax benefits from share-based payment arrangements	6.3			—			—			—			6.3
Net intercompany borrowings	(96.9		)	(1,530.4		)	4.9			1,622.4			—
Return of capital to parent	—			—			(604.3		)	604.3			—
Net cash provided by (used in) financing activities	(311.8		)	(1,880.1		)	(1,879.3		)	3,860.2			(211.0		)
Effect of exchange rate changes on cash and cash equivalents	—			(1.5		)	(59.7		)	0.1			(61.1		)
Net change in cash and cash equivalents	—			(0.1		)	(50.2		)	—			(50.3		)
Cash and cash equivalents at beginning of year	—			0.1			127.2			—			127.3
Cash and cash equivalents at end of period	$	—		$	—		$	77.0		$	—		$	77.0

86

Note 19: Quarterly Financial Summary (Unaudited)

Following is a summary of the unaudited interim results of operations for each quarter in the years ended December 31, 2016 and December 26, 2015.

(In millions, except per share amounts)	First quarter		Second quarter		Third quarter		Fourth quarter
Year ended December 31, 2016
Net sales	$	525.7	$	564.7	$	521.8	$	600.9
Gross margin	359.7		380.8		353.4		404.2
Net income	43.4		52.4		48.8		79.0
Basic earnings per share	0.86		1.04		0.97		1.56
Diluted earnings per share	0.86		1.03		0.96		1.55
Dividends declared per share	0.68		0.68		0.68		0.68
Composite stock price range:
High	58.30		62.40		66.90		66.67
Low	42.60		52.64		50.43		52.32
Close	$	55.39	$	53.15	$	64.31	$	52.62
Year ended December 26, 2015
Net sales	$	581.8	$	588.9	$	521.0	$	592.1
Gross margin	390.2		399.8		348.5		400.9
Net income	29.5		62.0		36.2		58.1
Basic earnings per share	0.59		1.24		0.72		1.16
Diluted earnings per share	0.59		1.23		0.72		1.15
Dividends declared per share	0.68		0.68		0.68		0.68
Composite stock price range:
High	72.93		70.78		67.35		62.02
Low	59.35		64.35		47.85		48.73
Close	$	70.25	$	67.36	$	50.06	$	55.89

Certain items impacting quarterly comparability for 2016 and 2015 were as follows:

• Pretax re-engineering and impairment costs of $1.1 million, $1.9 million, $2.4 million and $2.2 million were recorded in the first through fourth quarters of 2016, respectively. Pretax re-engineering and impairment costs of $2.7 million, $1.5 million, $0.3 million and $2.3 million were recorded in the first through fourth quarters of 2015, respectively, as well as $13.5 million in the first quarter of 2015 for the impairment charge of fixed assets in Venezuela. Refer to Note 2 to the Consolidated Financial Statements for further discussion.

• In Venezuela, in connection with re-measuring net monetary assets and recording in cost of sales inventory at the exchange rate when it was purchased or manufactured compared to when it was sold, the Company had impacts of $0.2 million, $3.6 million, $0.3 million and $0.2 million in the first, second, third and fourth quarters of 2016, respectively, and impacts of $9.3 million, $1.8 million, $2.0 million and $1.8 million in the same quarters of 2015. See Note 1 of the Consolidated Financial Statements for further details.

• Pretax gains on disposal of assets, primarily related to transactions related to land near the Company's Orlando headquarters, were $0.1 million, $0.8 million, $24.2 million and $2.2 million in the first through fourth quarters of 2016 , respectively. They were $0.6 million, $10.8 million, $2.0 million and $0.3 million in the same quarters of 2015, respectively.

• The Company's fiscal year ends on the last Saturday of December, and as a result, the fourth quarter of 2016 contained 14 weeks, as compared with 13 weeks in the fourth quarter of 2015.

87

Report of Independent Registered Certified Public Accounting Firm

To the Board of Directors and Shareholders of Tupperware Brands Corporation

In our opinion, the consolidated financial statements listed in the index appearing under Item 15(a)(1) present fairly, in all material respects, the financial position of Tupperware Brands Corporation and its subsidiaries at December 31, 2016 and December 26, 2015, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2016 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule listed in the index appearing under Item 15(a)(2) presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2016, based on criteria established in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The Company's management is responsible for these financial statements and financial statement schedule, for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in Management's Report on Internal Control Over Financial Reporting appearing under Item 9A. Our responsibility is to express opinions on these financial statements, on the financial statement schedule, and on the Company's internal control over financial reporting based on our integrated audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects. Our audits of the financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.

A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

PricewaterhouseCoopers LLP

Orlando, Florida

February 28, 2017

88

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

None.

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

The Company maintains disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15(d)-15(e)) that are designed to ensure that information required to be disclosed in the Company's reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to the Company's management, including the Chief Executive Officer and the Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognized that controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

As of the end of the period covered by this report, management, under the supervision of the Company's Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the design and operation of the Company's disclosure controls and procedures. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the disclosure controls and procedures were effective as of December 31, 2016.

Management's Report on Internal Control Over Financial Reporting

The Company's management is also responsible for establishing and maintaining adequate internal control over financial reporting as defined in Exchange Act Rule 13a-15(f). As of the end of the period covered by this report, management, under the supervision of the Company's Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the Company's internal control over financial reporting based on the framework in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based upon that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company's internal control over financial reporting was effective as of the end of the period covered by this report. The effectiveness of the Company's internal control over financial reporting as of December 31, 2016 has been audited by PricewaterhouseCoopers LLP, an independent registered certified public accounting firm, as stated in its report which is included herein.

Changes in Internal Controls

There have been no significant changes in the Company's internal control over financial reporting during the Company's fourth quarter that have materially affected or are reasonably likely to materially affect its internal control over financial reporting, as defined in Rule 13a-15(f) promulgated under the Securities Exchange Act of 1934, as amended.

Item 9B.Other Information.

None.

89

PART III

Item 10.Directors, Executive Officers and Corporate Governance.

Certain information with regard to the directors of the Registrant as required by Item 401 of Regulation S-K is set forth under the sub-caption “Board of Directors” appearing under the caption “Election of Directors” in the Proxy Statement related to the 2017 Annual Meeting of Shareholders to be held on May 24, 2017 and is incorporated herein by reference.

The information as to the executive officers of the Registrant is included in Part I hereof under the caption “Executive Officers of the Registrant” in reliance upon General Instruction G to Form 10-K and Instruction 3 to Item 401(b) of Regulation S-K.

The section entitled “Section 16(a) Beneficial Ownership Reporting Compliance” appearing in the Registrant's Proxy Statement for the 2017 Annual Meeting of Shareholders to be held on May 24, 2017 sets forth certain information as required by Item 405 of Regulation S-K and is incorporated herein by reference.

The section entitled “Corporate Governance” appearing in the Registrant's Proxy Statement for the 2017 Annual Meeting of Shareholders to be held on May 24, 2017 sets forth certain information with respect to the Registrant's code of conduct and ethics as required by Item 406 of Regulation S-K and is incorporated herein by reference.

There were no material changes to the procedures by which security holders may recommend nominees to the registrant's board of directors during 2016, as set forth by Item 407(c)(3).

The sections entitled “Corporate Governance” and “Board Committees” appearing in the Registrant's Proxy Statement for the 2017 Annual Meeting of Shareholders to be held on May 24, 2017 sets forth certain information regarding the Audit, Finance and Corporate Responsibility Committee, including the members of the Committee and the financial experts, as set forth by Item 407(d)(4) and (d)(5) of Regulation S-K and is incorporated herein by reference.

Item 11.Executive Compensation.

The information set forth under the caption “Compensation of Directors and Executive Officers” of the Proxy Statement relating to the 2017 Annual Meeting of Shareholders to be held on May 24, 2017, and the information in such Proxy Statement relating to executive officers' and directors' compensation is incorporated herein by reference.

The information set forth under the captions “Board Committees” and “Compensation and Management Development Committee Report” of the Proxy Statement relating to the 2017 Annual Meeting of Shareholders to be held on May 24, 2017 sets forth certain information as required by Item 407(e)(4) and Item 407(e)(5) of Regulation S-K and is incorporated herein by reference.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The information set forth under the captions “Security Ownership of Certain Beneficial Owners”, “Security Ownership of Management” and “Equity Compensation Plan Information” in the Proxy Statement relating to the 2017 Annual Meeting of Shareholders to be held on May 24, 2017, is incorporated herein by reference.

Item 13.Certain Relationships and Related Transactions and Director Independence.

The information set forth under the captions “Transactions with Related Persons” and “Corporate Governance” appearing in the Registrant's Proxy Statement for the 2017 Annual Meeting of Shareholders to be held on May 24, 2017 is incorporated herein by reference.

Item 14.Principal Accounting Fees and Services.

The information set forth under the captions “Audit Fees,” “Audit-Related Fees,” “Tax Fees,” “All Other Fees,” and “Approval of Services” in the Proxy Statement related to the 2017 Annual Meeting of Shareholders to be held on May 24, 2017 is incorporated herein by reference.

90

PART IV

Item 15. Exhibits, Financial Statement Schedules.

(a) (1) List of Financial Statements

The following Consolidated Financial Statements of Tupperware Brands Corporation and Report of Independent Registered Public Accounting Firm are included in this Report under Item 8:

Consolidated Statements of Income, Comprehensive Income, Shareholders' Equity and Cash Flows - Years ended December 31, 2016, December 26, 2015 and December 27, 2014;

Consolidated Balance Sheets - December 31, 2016 and December 26, 2015;

Notes to the Consolidated Financial Statements; and

Report of Independent Registered Certified Public Accounting Firm.

(a) (2) List of Financial Statement Schedules

The following Consolidated Financial Statement Schedule (numbered in accordance with Regulation S-X) of Tupperware Brands Corporation is included in this Report:

Schedule II-Valuation and Qualifying Accounts for each of the three years ended December 31, 2016.

All other schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission (SEC or the Commission) are not required under the related instructions, are inapplicable or the information called for therein is included elsewhere in the financial statements or related notes contained or incorporated by reference herein.

91

(a) (3) List of Exhibits: (numbered in accordance with Item 601 of Regulation S-K)

Exhibit Number	Description
*3.1	Restated Certificate of Incorporation of the Registrant (Attached as Exhibit 3.1 to Form 10-Q, filed with the Commission on August 5, 2008 and incorporated herein by reference).
*3.2	Amended and Restated By-laws of the Registrant as amended August 28, 2008 (Attached as Exhibit 3.2 to Form 8-K, filed with the Commission on August 28, 2008 and incorporated herein by reference).
*4	Indenture dated June 2, 2011 (Attached as Exhibit 4.1 to Form 8-K, filed with the Commission on June 7, 2011 and incorporated herein by reference).
*10.1	1996 Incentive Plan as amended through January 26, 2009 (Attached as Exhibit 10.1 to Form 10-K, filed with the Commission on February 25, 2009 and incorporated herein by reference).
*10.2	2006 Incentive Plan as amended through January 26, 2009 (Attached as Exhibit 10.12 to Form 10-K, filed with the Commission on February 25, 2009 and incorporated herein by reference).
*10.3	Directors' Stock Plan as amended through January 26, 2009 (Attached as Exhibit 10.2 to Form 10-K, filed with the Commission on February 25, 2009 and incorporated herein by reference).
*10.4	2010 Incentive Plan (Attached as Exhibit 4.3 to Form S-8, filed with the Commission on November 3, 2010 and incorporated herein by reference).
*10.5	2016 Incentive Plan (Attached as Exhibit 10.1 to Form 8-K, filed with the Commission on May 26, 2016 and incorporated herein by reference).
*10.6	Forms of stock option, restricted stock and restricted stock unit agreements utilized with the Registrant's officers and directors under certain stock-based incentive plans (Attached as Exhibit 10.6 to Form 10-K, filed with the Commission on February 25, 2009 and incorporated herein by reference).
*10.7	2010 Incentive Plan Restricted Stock Agreement (Attached as Exhibit 4.4 to Form S-8, filed with the Commission on November 3, 2010 and incorporated herein by reference).
10.8	2016 Incentive Plan Restricted Stock Grant Agreement - filed with this document.
10.9	2016 Incentive Plan Non-Qualified Stock Option Grant Agreement - filed with this document.
*10.10	Form of Change of Control Employment Agreement (Attached as Exhibit 10.3 for Form 10-K, filed with the Commission on February 25, 2009 and incorporated herein by reference).
*10.11	Chief Executive Officer Severance Agreement between the Registrant and E.V. Goings amended and restated effective February 17, 2010 (Attached as Exhibit 10.8 to Form 10-K, filed with the Commission on February 23, 2010 and incorporated herein by reference).

92

Exhibit Number	Description
*10.12	Supplemental Executive Retirement Plan, amended and restated effective February 2, 2010 (Attached as Exhibit 10.9 to Form 10-K, filed with the Commission on February 23, 2010 and incorporated herein by reference).
*10.13	Supplemental Plan, amended and restated effective January 1, 2009 (Attached as Exhibit 10.11 to Form 10-K, filed with the Commission on February 25, 2009 and incorporated herein by reference).
*10.14	Securities and Asset Purchase Agreement between the Registrant and Sara Lee Corporation (now known as Hillshire Brands Co.) dated as of August 10, 2005 (Attached as Exhibit 10.01 to Form 8-K/A, filed with the Commission on August 15, 2005 and incorporated herein by reference).
*10.15	Credit Agreement, as amended through June 9, 2015 (Attached as Exhibit 10.1 and 10.2 to Form 10-Q, filed with the Commission on August 5, 2014 and as Exhibit 10.1 to Form 8-K as filed with the Commission on June 9, 2015 and incorporated herein by reference).
21	Subsidiaries of Tupperware Brands Corporation as of February 28, 2017.
23	Consent of Independent Registered Certified Public Accounting Firm.
24	Powers of Attorney.
31.1	Rule 13a-14(a)/15d-14(a) Certification of the Chief Executive Officer.
31.2	Rule 13a-14(a)/15d-14(a) Certification of the Chief Financial Officer.
32.1	Certification Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code by the Chief Executive Officer.
32.2	Certification Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code by the Chief Financial Officer.
101	The following financial statements from Tupperware Brands Corporation's Annual Report on Form 10-K for the year ended December 31, 2016, formatted in XBRL (eXtensible Business Reporting Language): (i) Consolidated Statements of Income, (ii) Consolidated Statements of Comprehensive Income, (iii) Consolidated Balance Sheets, (iv) Consolidated Statements of Shareholders' Equity, (v) Consolidated Statements of Cash Flows, (vi) Notes to the Consolidated Financial Statements, tagged in detail, and (vii) Schedule II. Valuation and Qualifying Accounts.

*    Document has heretofore been filed with the SEC and is incorporated by reference and made a part hereof.

The Registrant agrees to furnish, upon request of the SEC, a copy of all constituent instruments defining the rights of holders of long-term debt of the Registrant and its consolidated subsidiaries.

93

TUPPERWARE BRANDS CORPORATION

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

FOR THE THREE YEARS ENDED DECEMBER 31, 2016

(In millions)

Col. A	Col. B		Col. C				Col. D				Col. E
			Additions
	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts		Deductions				Balance at End of Period
Allowance for doubtful accounts, current and long term:
Year ended December 31, 2016	$	45.2	$	11.1	$	—	$	(9.0	)	/F1	$	44.9
							(2.4		)	/F2
Year ended December 26, 2015	48.4		12.8		—		(8.0		)	/F1	45.2
							(8.0		)	/F2
Year ended December 27, 2014	54.4		13.5		—		(11.6		)	/F1	48.4
							(7.9		)	/F2
Valuation allowance for deferred tax assets:
Year ended December 31, 2016	$	23.1	$	—	$	—	$	1.8		/F2	$	24.8
							—			/F3
							(0.1		)	/F4
Year ended December 26, 2015	40.2		—		—		(7.1		)	/F2	23.1
							—			/F3
							(10.0		)	/F4
Year ended December 27, 2014	34.8		—		—		(4.2		)	/F2	40.2
							(0.4		)	/F3
							10.0			/F4

____________________

F1 Represents write-offs, less recoveries.

F2 Foreign currency translation adjustment.

F3 Represents release of valuation allowance as reduction of costs and expenses. See Note 12 to the consolidated financial statements for additional information.

F4 Represents additions and write-offs of net operating losses for which a valuation allowance was already recorded. See Note 12 to the consolidated financial statements for additional information.

94

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

TUPPERWARE BRANDS CORPORATION
(Registrant)
By:	/S/     E.V. GOINGS
	E.V. Goings
	Chairman and Chief Executive Officer

February 28, 2017

Pursuant to the requirements of the Securities Exchange Act of 1934, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the date indicated.

Signature	Title
/s/ E.V. GOINGS	Chairman and Chief Executive Officer and Director (Principal Executive Officer)
E.V. Goings
/s/ MICHAEL S. POTESHMAN	Executive Vice President and Chief Financial Officer (Principal Financial Officer)
Michael S. Poteshman
/s/ NICHOLAS K. POUCHER	Senior Vice President and Controller (Principal Accounting Officer)
Nicholas K. Poucher
*	Director
Catherine A. Bertini
*	Director
Susan M. Cameron
*	Director
Kriss Cloninger III
*	Director
Meg Crofton
*	Director
Angel R. Martinez
*	Director
Antonio Monteiro de Castro
*	Director
Robert J. Murray

95

*	Director
David R. Parker
*	Director
Richard T. Riley
*	Director
Joyce M. Roche
*	Director
M. Anne Szostak

By:	/s/ KAREN M. SHEEHAN
	Karen M. Sheehan
	Attorney-in-fact

February 28, 2017

96

EX-10.8

Exhibit 10.8

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

Participant:«Full Participant Name»

Number of Restricted Share Units:«Share Units»

Date of Grant:«Grant Date»

Vesting Schedule:

Vesting DatesPercentage of Grant

1st Anniversary of the Award Date:33.33% (rounded down to the nearest whole share)

2nd Anniversary of the Award Date:33.33% (rounded to the nearest whole share)

3rd Anniversary of the Award Date:33.33% (all remaining shares)

1. Restricted Stock Unit Award. Tupperware Brands Corporation, a Delaware corporation (“Tupperware”), pursuant to the Tupperware Brands Corporation 2016 Incentive Plan (the “Plan”), a copy of which is available online at www.ubs.com/onesource/tup or by requesting a copy from the Corporate Secretary’s Office, hereby grants to the Participant as of the Date of Grant a Restricted Stock Unit Award (the “Restricted Stock Units” or “Award”) to receive from Tupperware a certain number of shares of the Common Stock of Tupperware, $0.01 par value (“Common Stock” or “Shares”) (or cash with the equivalent value) provided certain vesting conditions are met, all as specifically indicated on the grant offered to the Participant in this Restricted Stock Unit Agreement. The Award vests in accordance with the terms and conditions of the Plan and this Restricted Stock Unit Agreement, including applicable special terms and conditions for the Participant’s country set forth in any appendix hereto as provided in Section 20 below (the “Appendix”; this Restricted Stock Unit Agreement and the Appendix collectively referred to hereinafter as this “Agreement”). The Participant shall execute this Agreement by accepting it online at www.ubs.com/onesource/tup. If Tupperware determines that this Agreement or any other agreement from the Participant is appropriate, or required in another format, in order to comply with any listing, registration or other legal requirement, the Participant shall execute and deliver such agreement to Tupperware. The Participant’s failure to accept this Agreement or other required agreement may prevent the release of Shares or cash as described in Section 4 below. All determinations and interpretations made by Tupperware in connection with any question arising under this Agreement or the Plan are binding and conclusive upon the Participant and his or her legal representative. If there is any conflict between the provisions of this Agreement and the Plan, the Plan shall control. Capitalized terms used and not defined in this Agreement have the meanings given to them in the Plan.

2. Restriction Period. The restrictions under this Award shall lapse on the Vesting Dates specified above or such earlier time as set forth in this Agreement, subject to the Participant’s continued employment with Tupperware or a Subsidiary through the applicable Vesting Date or such earlier time as set forth in this Agreement.

3. Stockholder Rights. Prior to lapse of restrictions and the delivery of the Shares related to the Restricted Stock Units, the Participant shall not have the rights of a stockholder of Tupperware to vote the Shares related to the Restricted Stock Units, except that the Participant shall be entitled to receive dividend equivalent rights related to the Restricted Stock Units equal in amount to the dividends declared on a share of Common Stock. Dividend equivalent amounts shall accrue and be paid or distributed at such time as the restrictions on Restricted Stock Units lapse in accordance with this Agreement and in proportion to the amount of Restricted Stock Units as to which restrictions lapse.

4. Delivery of Shares or Cash. Subject to the payment of tax obligations under this Agreement, Tupperware will deliver or cause to be delivered either (a) Shares evidenced by certificates, or, if Tupperware so determines, in book entry form, upon lapse of restrictions, and will deliver them to the Participant or the Participant’s transferee (if permitted under the terms of the Plan and this Agreement) free of restrictions, or (b) cash based upon the number of Restricted Stock Units times the closing price on the New York Stock Exchange (“NYSE”) of a share of Common Stock on the date of the lapse of restrictions, or if such date shall not be a business day for the NYSE, then upon the closing price on the immediately-preceding business day of the NYSE. Any Shares (or cash payment in lieu of such Shares)deliverable pursuant to this Agreement shall be delivered within 60 days following the applicable Vesting Date, or as soon thereafter as administratively practicable to the extent permitted by Section 409A of the Code, if applicable.

Exhibit 10.8

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

5. Taxes. The Participant acknowledges that, regardless of any action taken by Tupperware or, if different, the Participant’s employer (the “Employer”), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant or deemed by Tupperware or the Employer in its discretion to be an appropriate charge to the Participant even if legally applicable to Tupperware or the Employer (“Tax-Related Items”) is and remains the Participant’s responsibility and may exceed the amount, if any, actually withheld by Tupperware or the Employer. The Participant further acknowledges that Tupperware and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including, but not limited to, the grant, vesting or settlement of the Restricted Stock Units, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends and/or any dividend equivalents; and (2) do not commit to and are under no obligation to structure the terms of the Award or any aspect of the Restricted Stock Units to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant is subject to Tax-Related Items in more than one jurisdiction, the Participant acknowledges that Tupperware and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to any relevant taxable or tax withholding event, as applicable, the Participant agrees to make adequate arrangements satisfactory to Tupperware and/or the Employer to satisfy all Tax-Related Items. In this regard, the Participant authorizes Tupperware and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: (a) withholding from the Participant’s wages or other cash compensation paid to the Participant by Tupperware and/or the Employer; or (b) withholding from proceeds of the sale of Shares acquired upon settlement of the Restricted Stock Units either through a voluntary sale or through a mandatory sale arranged by Tupperware (on the Participant’s behalf pursuant to this authorization without further consent); or (c) withholding in Shares to be issued upon settlement of the Restricted Stock Units, provided, however that if the Participant is a Section 16 officer of Tupperware under the Exchange Act, then Tupperware will withhold in Shares upon the relevant taxable or tax withholding event, as applicable, unless the use of such withholding method is problematic under applicable tax or securities law or has materially adverse accounting consequences, in which case, the obligation for Tax-Related Items may be satisfied by one or a combination of methods (a) and (b) above. Depending on the withholding method, Tupperware may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates, in which case the Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the Share equivalent. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Participant is deemed to have been issued the full number of Shares subject to the vested Restricted Stock Units, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items. Finally, the Participant agrees to pay to Tupperware or the Employer any amount of Tax-Related Items that Tupperware and/or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. Tupperware may refuse to issue or deliver the Shares or the proceeds of the sale of Shares, if the Participant fails to comply with the Participant’s obligations in connection with the Tax-Related Items.

Exhibit 10.8

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

6.Data Transfer and Privacy. In order for Tupperware to administer this Plan, the Participant must provide Tupperware with personal data to identify the Participant, including the Participant’s name and address. The personal data may be transferred to Tupperware’s United States headquarters in Orlando, Florida, and processed there. Tupperware may transfer the personal data to an outside vendor (such as a bank) for further processing. By acceptance of this Award, the Participant explicitly consents to this collection, transfer and processing, as necessary for operation of this Plan. During each of these steps, Tupperware treats personal data with care to ensure its privacy and ensure that any outside vendors do the same. For European Union residents, the data is treated in accordance with Tupperware’s European Union Data Transfer Policy. The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this Agreement and any other Award materials by and among, as applicable, the Employer, and Tupperware and its subsidiaries and affiliates for the exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan. The Participant understands that Tupperware and the Employer may hold certain personal information about the Participant, including but not limited to, the Participant’s name, home address and telephone number, email address, date of birth, social insurance number (to the extent permitted under applicable law), passport or other identification number (e.g., resident registration number), salary, nationality, job title, any Shares or directorships held in Tupperware, details of all Awards or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised, vested, unvested, purchased or outstanding in the Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and managing the Plan. The Participant understands that Data will be transferred to any third parties assisting in the implementation, administration and management of the Plan (such as UBS Financial Services, Inc. (“UBS”)), that these recipients may be located in the Participant’s country or elsewhere, and that the country to which Data is sent (e.g., the United States) may have different data privacy laws and protections than the Participant’s country. The Participant understands that if the Participant resides outside the United States, he or she may request a list with the names and addresses of any potential recipients of Data by contacting the Participant’s local human resources representative. The Participant authorizes those receiving Data, including UBS or other possible recipients which may assist Tupperware (presently or in the future) with implementing, administering and managing the Plan, to receive, possess, use, retain and transfer Data, in electronic or other form, for the sole purpose of implementing, administering and managing his or her participation in the Plan, including any requisite transfer of such Data as may be required to UBS or other third party with whom the Participant may elect to deposit any Shares acquired upon vesting of the Restricted Stock Units. The Participant understands that Data will be held only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan. The Participant understands that if the Participant resides outside the United States, the Participant may, at any time, view Data, request information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting the Participant’s local human resources representative. Further, the Participant understands that the Participant is providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if the Participant later seeks to revoke the Participant’s consent, the Participant’s employment or service with the Employer will not be affected; the only consequence of refusing or withdrawing the Participant’s consent is that Tupperware would not be able to grant the Participant Restricted Stock Units or other equity awards or administer or maintain such awards. Therefore, the Participant understands that refusing or withdrawing the Participant’s consent may affect the Participant’s ability to participate in the Plan. For more information on the consequences of the Participant’s refusal to consent or withdrawal of consent, the Participant understands that the Participant may contact the Participant’s local human resources representative.

7. Recovery of Award. In the event it is determined that Tupperware’s previously reported financial results have been misstated due to the error, omission, fraud or other misconduct of an employee of Tupperware or any of its subsidiaries (“Employee Actions”), including a misstatement that leads to a restatement of previously issued financial statements, any previous delivery of Shares which was made pursuant to any incentive compensation award, including any discretionary award, shall be subject to recovery and/or cancellation by Tupperware as the Compensation and Management Development Committee (the “Committee”) of the Board of Directors of Tupperware, in its sole discretion, shall in good faith determine. The Committee shall determine: (i) the amount to be recovered and/or cancelled; (ii) whether to seek repayment from a Participant or to reduce an amount otherwise payable to a Participant under any compensation, plan, program or arrangement maintained by Tupperware, including the use of set off, subject to applicable law; (iii) the valuation of any Shares determined to be withheld from a Participant in connection with such an action; and (iv) whether to cancel outstanding awards in connection with such an action and the valuation thereof for such purpose. The foregoing shall be subject to such changes as may be required from time to time by the NYSE listing manual or the applicable rules of the United States Securities and Exchange Commission.

Exhibit 10.8

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

8. Impact of Certain Events. Upon the Participant’s death or termination after a Change of Control in accordance with Section 15.2 of the Plan, the Award shall become immediately and fully vested and shall be settled within 60 days following the Participant’s death or such termination of employment, as applicable, or as soon thereafter as administratively practicable to the extent permitted by Section 409A of the Code, if applicable. If the Participant’s employment terminates for any other reason, including disability, retirement, termination for cause (or similar concept under local law) by Tupperware or voluntary termination by the Participant, any unvested Award shall automatically terminate and be forfeited.

9. Nature of Grant.In accepting the Award, the Participant acknowledges, understands and agrees that:

(a)    the Plan is established voluntarily by Tupperware, it is discretionary in nature and it may be modified, amended, suspended or terminated by Tupperware at any time to the extent permitted by the Plan;

(b)    the grant of the Award is exceptional, discretionary, voluntary and occasional and does not create any contractual or other right to receive future grants of Awards, or benefits in lieu of Awards, even if Awards have been granted in the past;

(c)    all decisions with respect to future Award grants, if any, will be at the sole discretion of Tupperware;

(d)    the Award and the Participant’s participation in the Plan shall not create a right to employment or be interpreted as forming an employment or service contract with Tupperware, the Employer or any other subsidiary or affiliate of Tupperware and shall not interfere with the ability of Tupperware, the Employer, or any subsidiary or affiliate of Tupperware, as applicable, to terminate the Participant’s employment or service relationship (if any);

(e)    the Participant is voluntarily participating in the Plan;

(f)    the Award and the underlying Shares, and the income from and value of same, are not intended to replace any pension rights or compensation;

(g)    the Award and the underlying Shares, and the income from and value of same, are not part of normal or expected compensation or salary for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, holiday pay, bonuses, long-service awards, pension or retirement or welfare benefits or similar mandatory payments;

(h)    unless otherwise agreed with Tupperware, the Award and the underlying Shares, and the income from and value of same, are not granted as consideration for, or in connection with, the service that the Participant may provide as a director of a subsidiary or affiliate of Tupperware;

(i)     the future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty;

(j)    no claim or entitlement to compensation or damages shall arise from forfeiture of the Award or the recovery of Shares or cash acquired pursuant to the Award resulting from the termination of the Participant’s employment or other service relationship (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any) and/or the application of any recovery policy as described in Section 7 hereof;

(k)    for purposes of the Award, the Participant’s employment or service relationship will be considered terminated as of the date the Participant is no longer actively providing services to Tupperware or one of its subsidiaries or affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any) and unless otherwise expressly provided in this Agreement or determined by Tupperware in accordance with the terms of the Plan, the Participant’s right to vest in the Restricted Stock Units under this Agreement, if any, will terminate as of such date and will not be extended by any notice period (e.g., the Participant’s period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any); the Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of the Award (including whether the Participant may still be considered to be providing services while on an approved leave of absence, including a period of “garden leave”);

(l)    unless otherwise provided in the Plan or by Tupperware in its discretion, the Award and the benefits evidenced by this Agreement do not create any entitlement to have the Award or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and

(m)    the following provisions apply only if the Participant is providing services outside the United States:

(1)    the Award and the underlying Shares, and the income from and value of same, are not part of normal or expected compensation or salary for any purpose; and

(2)    the Participant acknowledges and agrees that neither Tupperware, nor the Employer nor any subsidiary or affiliate of Tupperware shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Restricted Stock Units or of any amounts due to the Participant pursuant to the settlement of the Restricted Stock Units or the subsequent sale of any Shares acquired upon settlement.

Exhibit 10.8

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

10. No Advice Regarding Grant. Tupperware is not providing any tax, legal or financial advice, nor is Tupperware making any recommendations regarding the Participant’s participation in the Plan, or the Participant’s acquisition or sale of the underlying Shares. The Participant should consult his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan. The Participant shall rely solely on such advisors and not on any statements or representations of Tupperware or any of its agents.

11. Protecting the Interests of Tupperware. During the Participant’s employment, and for a period of 12 months following employment, the Participant agrees not to (i) divulge information related to the operation of the business,  (ii) seek or accept employment from a Competitor (defined for purposes of this provision as any other business or enterprise which is engaged in the sales of products or services similar to those of Tupperware or is engaged in the direct sales of products or services to the consuming public, or primarily to the business’ own sales force members), (iii) solicit, directly or indirectly, any actively employed employee (including persons who have been employees of Tupperware or its subsidiaries or affiliates during the 12 months immediately before and after termination of the Participant) of Tupperware or its subsidiaries or affiliates, (iv) solicit, directly or indirectly, any member of the independent sales force of Tupperware or its subsidiaries or affiliates to become an employee or independent sales force member of a Competitor, or (v) copy or counterfeit, or assist another person in copying or counterfeiting, any Tupperware Brands product. The Participant agrees to return immediately following termination of employment, any and all documents and/or hardware or software items provided by Tupperware or its subsidiaries or affiliates for the purpose of completing tasks associated with performing his or her role. Finally, the Participant acknowledges that Tupperware participates in a business that is highly competitive, and that acceptance of these terms is reasonable in light of the award of potential compensation, whether received or not, under this program. In addition to any equitable remedies that Tupperware may have with regard to this provision, a breach of this paragraph shall result in an immediate forfeiture of the Participant’s rights under this Award. The foregoing notwithstanding, nothing in this Agreement prohibits the Participant from (a) reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, Congress, and any agency Inspector General, (b) making other disclosures that are protected under the whistleblower provisions of federal law or regulation, or (c) applying for or receiving any monetary award from a whistleblower award program of any governmental agency or entity with respect to the furnishing of information to a governmental agency or entity.

12. Violation of Terms and Recoupment. Any violation of the terms of Section 11 or default under any associated agreement shall result in an automatic termination and forfeiture of the underlying Award, and may lead Tupperware to take action to recoup damages caused by such violation.

13. Governing Law and Venue. The Award grant and the provisions of this Agreement are governed by, and subject to, the laws of the State of Delaware, as provided in the Plan. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of Delaware, agree that such litigation shall be conducted exclusively in the courts of Delaware, or the federal courts for the United States located in Delaware.

14. Electronic Delivery and Acceptance. Tupperware may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an online or electronic system established and maintained by Tupperware or another third party designated by Tupperware.

15. Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

16. Notices. All notices hereunder to Tupperware shall be delivered or mailed to the Corporate Secretary of Tupperware at its headquarters office. All notices hereunder to the Participant shall be delivered personally or mailed to the Participant’s address as indicated on his or her online UBS account, unless the Participant notifies Tupperware in writing of a change of address at hrorl@tupperware.com.

17. Language. If the Participant has received this Agreement or any other document related to the Plan translated into a language other than English and if the meaning of translated version is different from the English version, the English version shall control.

Exhibit 10.8

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

18.Insider Trading Restrictions/Market Abuse Laws. The Participant acknowledges that the Participant may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, including the United States and the Participant’s country (if different), which may affect his or her ability to acquire or sell Shares or rights to Shares (e.g., the Award) under the Plan during such times as the Participant is considered to have “inside information” regarding Tupperware (as defined by the laws in the applicable jurisdictions, including the United States and the Participant’s country of residence). Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Tupperware insider trading policy. The Participant is responsible for ensuring compliance with any applicable restrictions and should consult his or her personal legal advisor on this matter. For the avoidance of doubt, under the terms of this Agreement, the Award may not be sold, assigned, transferred, pledged or otherwise encumbered, except as provided in Section 8 of this Agreement in the event of the Participant’s death.

19. Foreign Asset/Account Reporting; Exchange Control. The Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls which may affect the Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside the Participant’s country. The Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. The Participant also may be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that it is his or her responsibility to be compliant with such regulations, and the Participant should consult his or her personal legal advisor for any details.

20. Appendix. Notwithstanding any provisions in this Agreement, the Award shall be subject to any special terms and conditions set forth in any Appendix to this Agreement for the Participant’s country. Moreover, if the Participant relocates to one of the countries included in the Appendix, the special terms and conditions for such country shall apply to the Participant, to the extent that Tupperware determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendix constitutes part of this Agreement.

21. Imposition of Other Requirements. Tupperware reserves the right to impose other requirements on the Participant’s participation in the Plan, on the Award and on any Shares acquired under the Plan, to the extent that Tupperware determines it is necessary or advisable for legal or administrative reasons and to require the Participant to sign any additional agreement or undertaking that may be necessary to accomplish the foregoing.

22. Compliance with Law. Notwithstanding any other provision of the Plan or this Agreement, unless there is an available exemption from any registration, qualification or other legal requirement applicable to the Shares, Tupperware shall not be required to deliver any Shares issuable upon settlement of the Restricted Stock Units prior to the completion of any registration or qualification of the Shares under any local, state, federal or foreign securities or exchange control law or under rulings or regulations of the United States Securities and Exchange Commission or of any other governmental regulatory body, or prior to obtaining any approval or other clearance from any local, state, federal or foreign governmental agency, which registration, qualification or approval Tupperware shall, in its absolute discretion, deem necessary or advisable. The Participant understands that Tupperware is under no obligation to register or qualify the Shares with the United States Securities and Exchange Commission or any state or foreign securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of the Shares. Further, Tupperware shall have unilateral authority to amend the Plan and the Agreement without the Participant’s consent to the extent necessary to comply with securities or other laws applicable to issuance of Shares.

23. Waiver. The Participant acknowledges that a waiver by Tupperware of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement or any subsequent breach by the Participant or any other participant.

Exhibit 10.8

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

24. Code Section 409A. This Award is intended to be exempt from or comply with Section 409A of the Code, and shall be interpreted and construed accordingly. To the extent this Agreement provides for the Award to become vested and be settled upon the Participant’s termination of employment, the applicable Shares shall be transferred to the Participant or his or her beneficiary upon the Participant’s “separation from service,” within the meaning of Section 409A of the Code. Notwithstanding any other provision in this Award, to the extent any payments hereunder constitute nonqualified deferred compensation, within the meaning of Section 409A, then (A) each such payment which is conditioned upon Participant’s execution of a release and which is to be paid or provided during a designated period that begins in one taxable year and ends in a second taxable year, shall be paid or provided in the later of the two taxable years and (B) if Participant is a specified employee (within the meaning of Section 409A of the Code) as of the date of Participant’s separation from service, each such payment that is payable upon Participant’s separation from service and would have been paid prior to the six-month anniversary of Participant’s separation from service, shall be delayed until the earlier to occur of (i) the first day of the seventh month following Participant’s separation from service or (ii) the date of Participant’s death.

The parties confirm this Agreement effective as of the Date of Grant and have executed it on the date it was accepted online.

Tupperware Brands Corporation

Thomas M. Roehlk         

Executive Vice President,     

Chief Legal Officer & Secretary    

[Appendix of special terms and conditions follows]

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

TERMS AND CONDITIONS

This Appendix includes additional terms and conditions that govern the Award of Restricted Stock Units under the Plan if the Participant is or becomes subject to the laws of any of the countries listed below. Certain capitalized terms used but not defined herein shall have the meanings ascribed to them in the Plan and/or the applicable Restricted Stock Unit Agreement (the “Agreement”).

NOTIFICATIONS

This Appendix also contains notifications relating to exchange control and certain other issues of which the Participant should be aware with respect to his or her participation in the Plan. The information is based on the exchange control, securities or other laws or regulations in effect in the countries listed in this Appendix as of October 2016. Such laws are often complex and change frequently. Because the information may be outdated when the Participant vests in the Award and acquires Shares, or when the Participant subsequently sells Shares acquired under the Plan, Tupperware strongly recommends that the Participant not rely on the notifications provided in this Appendix as the only source of information relating to the participation in the Plan.

In addition, the notifications are general in nature and may not apply to the Participant’s particular situation, and Tupperware is not in a position to assure the Participant of any particular result. Accordingly, the Participant should seek appropriate professional advice as to how relevant laws in the Participant’s country may apply to the Participant’s particular situation. Finally, if the Participant is a citizen or resident of a country other than the one in which he or she is currently working and/or residing, is considered a resident of another country for local law purposes or transfers employment and/or moves to a different country after the Date of Grant, the information contained in this Appendix may not be applicable to the Participant and Tupperware shall, in its sole discretion, determined to what extent the terms and conditions or notifications contained herein shall be applicable to the Participant.

ARGENTINA

TERMS AND CONDITIONS

Taxes. The following provision supplements Section 5 of the Agreement:

The Participant understands and agrees that Tupperware and/or the Employer may withhold the entire amount of Tax-Related Items due upon vesting of any portion of the Award, provided the amount withheld does not exceed any local withholding limitations on the total cash proceeds due to the Participant at that time. The withholding of the Tax-Related Items will not be allocated over the months remaining in the tax year following vesting, but will occur in a single withholding event at each of the vesting dates of any portion of the Award.

Nature of Grant. The following provision supplements Section 9 of the Agreement:

By accepting the Award, the Participant acknowledges and agrees that the grant of Award is made by Tupperware (not by the Employer) in its sole discretion and that the value of the Restricted Stock Units or any Shares acquired under the Plan shall not constitute salary or wages for any purpose under Argentine labor law, including, but not limited to, the calculation of (i) any labor benefits including, without limitation, vacation pay, thirteenth month salary, compensation in lieu of notice, annual bonus, disability, and leave of absence payments, etc., or (ii) any termination or severance indemnities or similar payments. If, notwithstanding the foregoing, any benefits under the Plan are considered as salary or wages for any purpose under Argentine labor law, the Participant acknowledges and agrees that such benefits shall not accrue more frequently than on each vesting date.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

NOTIFICATIONS

Securities Law Notification. Neither the Restricted Stock Units nor the issuance of the Shares are publicly offered or listed on any stock exchange in Argentina and, as a result, have not been and will not be registered with the Argentine Securities Commission (Comisión Nacional de Valores, “CNV”). The offer is private and not subject to the supervision of any Argentine governmental authority. Neither this nor any other offering material related to the Award or the underlying Shares may be utilized in connection with any general offering to the public in Argentina. Argentine residents who acquire Shares under the Plan do so according to the terms of a private offering made from outside Argentina.

Exchange Control Information. Following the sale of Shares or receipt of dividends paid on Shares, Argentine residents may be subject to certain restrictions in bringing such funds back into Argentina. The Argentine bank handling the transaction may request certain documentation in connection with the Participant’s request to transfer proceeds into Argentina, including evidence of the sale or dividend payment and proof of the source of funds used to acquire Shares. The Participant is solely responsible for complying with the exchange control rules that may apply in connection with participation in the Plan and/or the transfer of proceeds acquired under the Plan into Argentina. Prior to transferring proceeds into Argentina, the Participant should consult the local bank and/or a personal legal advisor to confirm the exchange control rules and required documentation for any transfer of funds into or out of Argentina, as interpretations of the applicable Central Bank regulations vary by bank, and exchange control rules and regulations are subject to change without notice.

Foreign Asset/Account Reporting Information. Shares acquired under the Plan and held outside Argentina must be reported on December 31st of each year on the Argentine annual tax return for that year. In addition, the acquisition, sale, transfer or other disposal of Shares must be registered with the Argentine Federal Tax Administration.

Stamp Tax. A stamp tax may apply upon execution of Plan documents (e.g., this Agreement). The tax is paid upon execution of the documents and both the rate and the term for payment will depend on the particular province.

Bank Tax. Proceeds transferred into Argentina may be subject to the Tax on Checking Accounts (“Bank Tax”), which is imposed on funds transferred to or from bank accounts in Argentina. The Participant should speak with a personal tax advisor to determine the Participant’s obligations with respect to the Bank Tax and whether the Participant may be eligible for an exemption from the Bank Tax.

AUSTRALIA

Notifications

Australian Offer Document. The Award is intended to comply with the provisions of the Corporations Act 2001, Australian Securities and Investments Commission (“ASIC”) Regulatory Guide 49 and ASIC Class Order CO 14/1000. Additional details are set forth in the Australian Offer Document, which is provided to Participants along with this Agreement.

Tax Information. The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to conditions in the Act).

AUSTRIA

NOTIFICATIONS

Foreign Asset/Account Reporting Information. If the Participant holds Shares obtained through the Plan outside of Austria, the Participant may be required to submit a report to the Austrian National Bank. An exemption applies if the value of the Shares as of any given quarter does not meet or exceed €30,000,000 or, as of December 31, does not meet or exceed €5,000,000. If the former threshold is met or exceeded, quarterly obligations are imposed, whereas, if the latter threshold is met or exceeded, annual reporting obligations are imposed. The quarterly reporting date is as of the last day of the respective quarter; the deadline for filing the quarterly report is the 15th day of the month following the end of the respective quarter. The annual reporting date is December 31 and the deadline for filing the annual report is January 31 of the following year.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

When Shares are sold, there may be exchange control obligations if the cash received is held outside Austria. If the transaction volume of all the Participant’s accounts abroad exceeds €10,000,000, the movements and balances of all accounts must be reported monthly, as of the last day of the month, on or before the 15^th day of the following month.

BELGIUM

NOTIFICATIONS

Foreign Asset/Account Reporting Information. Any security or bank account (including brokerage accounts) maintained outside of Belgium must be reported on the Belgian annual tax return. In a separate report, certain details regarding such foreign accounts (including the account number, bank name and country in which any such account was opened) must be provided to the Central Contact Point of the National Bank of Belgium. The forms to complete this report are available on the website of the National Bank of Belgium.

BRAZIL

TERMS AND CONDITIONS

Compliance with Law. In accepting the Award, the Participant acknowledges his or her agreement to comply with all applicable Brazilian laws and to report and pay any and all applicable tax associated with the Restricted Stock Units, the receipt of any dividends and the sale of the Shares acquired under the Plan.

Nature of Grant. The following provision supplements Section 9 of the Agreement:

The Participant agrees that, for all legal purposes, (a) the benefits provided to the Participant under the Plan are the result of commercial transactions unrelated to the Participant’s employment; (b) the Plan is not a part of the terms and conditions of the Participant’s employment; and (c) the income from the Award and the underlying Shares, if any, is not part of the Participant’s remuneration from employment.

By accepting the Award, the Participant further agrees that (i) he or she is making an investment decision, (ii) the Restricted Stock Units will vest only if the vesting conditions are met and any necessary services are rendered by the Participant over the vesting period and (iii) the value of the underlying Shares is not fixed and may increase or decrease in value over the vesting period without compensation to the Participant.

NOTIFICATIONS

Foreign Asset/Account Reporting Information. If the Participant holds assets and rights outside Brazil with an aggregate value equal to or in excess of US$100,000, he or she will be required to prepare and submit to the Central Bank of Brazil an annual declaration of such assets and rights, including: (i) bank deposits; (ii) loans; (iii) financing transactions; (iv) leases; (v) direct investments; (vi) portfolio investments, including Shares acquired under the Plan; (vii) financial derivatives investments; and (viii) other investments, including real estate and other assets. Please note that foreign individuals holding Brazilian visas are considered Brazilian residents for purposes of this reporting requirement and must declare at least the assets held abroad that were acquired subsequent to the date of admittance as a resident of Brazil. Individuals holding assets and rights outside Brazil valued at less than US$100,000 are not required to submit a declaration. Please note that the US$100,000 threshold may be changed annually.

Tax on Financial Transactions (IOF). Payments to foreign countries and repatriation of funds into Brazil and the conversion of BRL to USD associated with such fund transfers may be subject to the Tax on Financial Transactions (IOF). It is the Participant’s responsibility to comply with any applicable Tax on Financial Transactions arising from participation in the Plan.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

CHINA

TERMS AND CONDITIONS

Delivery of Shares or Cash. The following provision supplements Section 4 of the Agreement:

Due to exchange control regulations in China, Awards will be settled in cash only and the Participant will not be entitled to Shares when the Restricted Stock Units vest. The cash will be paid through the Participant’s local payroll less any Tax-Related Items.

NOTIFICATIONS

Exchange Control Information. The Participant may be required to report to the State Administration of Foreign Exchange (“SAFE”) all details of his or her foreign financial assets and liabilities, as well as details of any economic transactions conducted with non-China residents. Under these rules, the Participant may be subject to reporting obligations for the Restricted Stock Units and Plan-related transactions.

COLOMBIA

Terms and Conditions

Labor Law Acknowledgement. The following provision supplements Section 9 of the Agreement:

The Participant acknowledges that pursuant to Article 128 of the Colombian Labor Code, the Plan and related benefits do not constitute a component of the Participant’s “salary” for any purpose. Therefore, they will not be included and/or considered for purposes of calculating any and all labor benefits, such as legal/fringe benefits, vacations, indemnities, payroll taxes, social insurance contributions and/or any other labor-related amount which may be payable.

NOTIFICATIONS

Securities Law Information. The Shares are not and will not be registered with the Colombian registry of publicly traded securities (Registro Nacional de Valores y Emisores) and therefore the Shares may not be offered to the public in Colombia. Nothing in the Agreement should be construed as making a public offer of securities in Colombia.

Exchange Control Information.Investments in assets located outside of Colombia (including Shares) are subject to registration with the Central Bank (Banco de la República) if the aggregate value of the investments is US$500,000 or more (as of December 31 of the applicable calendar year). If Shares are sold immediately upon receipt, no registration is required because no Shares are held abroad. When Shares that have been registered with the Central Bank are sold, the registration must be cancelled by March 31 of the year following the sale. When proceeds are repatriated to Colombia, a form must be filed with Banco de la República upon conversion of funds into local currency to reflect the nature of the transaction.

It is the Participant’s responsibility to comply with Colombian exchange control requirements. Fines may apply for failure to do so.

CROATIA

TERMS AND CONDITIONS

Restricted Stock Units Settled in Cash. The following provision supplements Section 4 of the Agreement:

Due to tax laws in Croatia, Awards will be settled in cash only and the Participant will not be entitled to Shares when the Restricted Stock Units vest.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

NOTIFICATIONS

Foreign Asset/Account Reporting Information. Croatian residents may be required to report any foreign investments (including Shares) to the Croatian National Bank for statistical purposes and obtain prior approval of the Croatian National Bank for bank accounts opened abroad. However, because exchange control regulations change frequently and without notice, the Participant should consult his or her legal advisor to ensure compliance with current regulations.It is the Participant’s responsibility to comply with Croatian exchange control laws.

CZECH REPUBLIC

NOTIFICATIONS

Exchange Control Information. The Czech National Bank (“CNB”) may require the Participant to fulfill certain notification duties in relation to the Award and the opening and maintenance of a foreign account. Even in the absence of a request from the CNB the Participant may need to report foreign direct investments with an aggregate value of CZK 2,500,000 or more or other foreign financial assets with a value of CZK 200,000,000 or more. However, because exchange control regulations change frequently and without notice, the Participant is advised to consult his or her personal legal advisor prior to the vesting of any of the Restricted Stock Units to ensure compliance with current regulations. The Participant is solely responsible for ensuring compliance with exchange control laws in the Czech Republic.

DENMARK

TERMS AND CONDITIONS

Impact of Certain Events. Notwithstanding the provisions of Section 8 of the Agreement, upon the Participant’s death, any unvested Award shall automatically terminate and be forfeited. All other provisions contained in Section 8 remain unchanged.

NOTIFICATIONS

Danish Stock Option Act. The Danish Stock Option Act may apply to the Award. The Participant should refer to the “Employer Statement” for further information.

Foreign Asset/Account Reporting Information. Theestablishment of an account holding Shares or an account holding cash outside Denmark must be reported to the Danish Tax Administration. The form which should be used in this respect may be obtained from a local bank. (Please note that these obligations are separate from and in addition to the securities/tax obligations described below.)

Securities/Tax Reporting Information. If the Participant holds Shares acquired under the Plan in a brokerage account with a broker or bank outside Denmark, the Participant is required to inform the Danish Tax Administration about the account. For this purpose, the Participant must sign and file a Form V (Erklaering V) with the Danish Tax Administration. If the applicable broker or bank does not also sign the Form V, the Participant will be solely responsible for providing certain details regarding the foreign brokerage or bank account and any Shares held in such account to the Danish Tax Administration as part of the Participant’s annual income tax return. By signing the Form V, the Participant authorizes the Danish Tax Administration to examine the account.

In addition, if the Participant opens a brokerage account (or a deposit account with a U.S. bank) for the purpose of holding cash outside Denmark, the Participant is required to inform the Danish Tax Administration about this account also. For this purpose, the Participant must sign and file a Form K (Erklaering K) with the Danish Tax Administration. If the applicable broker or bank does not also sign the Form K, the Participant will be solely responsible for providing certain details regarding the foreign brokerage or bank account to the Danish Tax Administration as part of the Participant’s annual income tax return. By signing the Form K, the Participant authorizes the Danish Tax Administration to examine the account.

Samples of Form V and Form K can be found at www.skat.dk.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

FRANCE

TERMS AND CONDITIONS

Language Consent. The following provision supplements Section 17 of the Agreement:

By accepting the Agreement, the Participant confirms that he or she has read and understood the documents relating to the Award (i.e., the Plan and the Agreement, including this Appendix), which were provided in the English language. The Participant accepts the terms of these documents accordingly.

Consentement relatif à la langue utilisée. En signant et en renvoyant les Termes de l’Attribution, le Bénéficiaire confirme qu’il ou qu’elle a lu et compris les documents afférents aux Attributions Gratuites d’Actions (i.e., le Plan et les Termes de l’Attribution, ainsi que la présente Annexe) qui ont été communiqués en langue anglaise. Le Bénéficiaire accepte les termes de ces documents en connaissance de cause.

NOTIFICATIONS

Tax Information. The Restricted Stock Units are not intended to be a tax-qualified Restricted Stock Units.

Foreign Asset/Account Reporting Information. All Shares held outside of France and any foreign bank and brokerage accounts (including any accounts that were opened or closed during the tax year) must be reported on an annual basis on form No. 3916, together with the personal income tax return. Failure to complete this reporting may trigger penalties. Additional monthly reporting obligations may apply to foreign account balances exceeding €1,000,000.

GERMANY

NOTIFICATIONS

Exchange Control Information. Cross-border payments in excess of €12,500 must be reported monthly to the Deutsche Bundesbank (the German Central Bank). The Participant is responsible for complying with the reporting obligation and should file the report electronically by the fifth day of the month following the month in which the payment is made. A copy of the form can be accessed via the Deutsche Bundesbank’s website at www.bundesbank.de and is available in both German and English. However, if the Participant uses a German commercial bank to effectuate such cross-border payment, such bank will make the report on the Participant’s behalf.

In the unlikely event that the Participant holds Shares representing 10% or more of the total capital or voting rights of Tupperware, he or she must report his or her holdings in Tupperware on an annual basis.

GREECE

There are no country-specific provisions.

HUNGARY

There are no country-specific provisions.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

INDIA

NOTIFICATIONS

Exchange Control Information. Exchange control laws and regulations in India require that all proceeds resulting from the sale of Shares and any dividends or dividend equivalent payments received in relation to the Award or the Shares must be repatriated to India and converted into local currency within 90 days of the sale of Shares and within 180 days from the receipt of any dividends or dividend equivalent payments. Indian residents must obtain a foreign inward remittance certificate (“FIRC”) from the bank into which the foreign currency is deposited and retain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India or the Employer requests proof of repatriation.

Foreign Asset/Account Reporting Information. Foreign bank accounts and any foreign financial assets (including Shares held outside India) must be reported in the annual Indian personal tax return.  It is the Participant’s responsibility to comply with this reporting obligation and the Participant should consult his or her personal advisor in this regard as significant penalties may apply in the case of non-compliance with foreign asset/account requirements and because such requirements may change.

INDONESIA

NOTIFICATIONS

Exchange Control Information. Indonesian residents must provide the Indonesian central bank, Bank Indonesia, with information on foreign exchange activities. The filing should be completed online through Bank Indonesia’s website no later than the 15th day of the following month. This is a new requirement and further implementing regulations may be issued by Bank Indonesia detailing how the reporting should be completed.

In addition, for foreign currency transactions, there is a statistical reporting requirement when the Indonesian Bank is receiving Rupiah or foreign currency (e.g., proceeds from the sale of Shares acquired under the Plan, dividends and dividend equivalents). For the purpose of submitting the report to Bank Indonesia, the Indonesian bank executing the transaction will request information and/or supporting documents from the Participant and he or she must provide the requested information and/or supporting documents to the bank.

ITALY

TERMS AND CONDITIONS

Data Transfer and Privacy. The following provision replaces Section 6 of the Agreement:

The Participant understands that Tupperware, the Employer and any subsidiary or affiliate of Tupperware may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, email address, date of birth, social insurance number (to the extent permitted under Italian law), passport or other identification number, salary, nationality, job title, any Shares or directorships held in Tupperware and any subsidiary or affiliate of Tupperware, details of all Restricted Stock Units or equivalent benefits or any other entitlement to Shares awarded, canceled, purchased, exercised, vested, unvested or outstanding in the Participant’s favor, and that Tupperware and the Employer will process said data and other data lawfully received from any third party (“Personal Data”) for the exclusive purpose of managing and administering the Plan and complying with applicable laws, regulations and E.U. Community legislation.

The Participant also understands that providing Tupperware with Personal Data is mandatory for compliance with applicable law, is necessary for the performance of the Plan and that the Participant’s refusal to provide such Personal Data would make it impossible for Tupperware to perform its contractual obligations and may affect the Participant’s ability to participate in the Plan. The Controller of personal data processing is Tupperware Brands Corporation, with registered offices at 14901 S. Orange Blossom Trail, Orlando, Florida, 32837, U.S.A., and, pursuant to Legislative Decree no. 196/2003, its processor in Italy for data protection purposes is Tupperware Italia S.p.A., Piazza Velasca, 8/10, 20122 Milano, Italy.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

The Participant understands that Personal Data will not be publicized, but it may be accessible by the Employer and within the Employer’s organization by its internal and external personnel in charge of processing, and by the data processor (the “Processor”), if appointed. The updated list of Processors and of the subjects to which Data are communicated will remain available upon request at the Employer. Furthermore, Personal Data may be transferred to banks, other financial institutions or brokers involved in the management and administration of the Plan. The Participant understands that Personal Data may also be transferred to the independent registered public accounting firm engaged by Tupperware, and also to the legitimate addressees under applicable laws. The Participant further understands that Tupperware or any subsidiary or affiliate of Tupperware will transfer Personal Data among themselves as necessary for the purpose of implementation, administration and management of the Participant’s participation in the Plan, and that Tupperware or any subsidiary or affiliate of Tupperware may each further transfer Personal Data to third parties assisting Tupperware in the implementation, administration and management of the Plan, including any requisite transfer of Personal Data to a broker or other third party with whom the Participant may elect to deposit any Shares acquired under the Plan or any proceeds from the sale of such Shares. Such recipients may receive, possess, use, retain and transfer Personal Data in electronic or other form, for the purposes of implementing, administering and managing the Participant’s participation in the Plan. The Participant understands that these recipients may be acting as Controllers, Processors or persons in charge of processing, as the case may be, according to applicable data protection laws, and that they may be located in or outside the European Economic Area, such as in the United States or elsewhere, in countries that do not provide an adequate level of data protection as intended under Italian data protection law.

Should Tupperware exercise its discretion in suspending all necessary legal obligations connected with the management and administration of the Plan, it will delete Personal Data as soon as it has accomplished all the necessary legal obligations connected with the management and administration of the Plan.

The Participant understands that Personal Data processing related to the purposes specified above shall take place under automated or non-automated conditions, anonymously when possible, that comply with the purposes for which Personal Data is collected and with confidentiality and security provisions as set forth by applicable laws and regulations, with specific reference to Legislative Decree no. 196/2003.

The processing activity, including communication, the transfer of Personal Data abroad, including outside of the European Economic Area, as specified herein and pursuant to applicable laws and regulations, does not require the Participant’s consent thereto as the processing is necessary to performance of law and contractual obligations related to implementation, administration and management of the Plan. The Participant understands that, pursuant to section 7 of the Legislative Decree no. 196/2003, he or she has the right at any time to, including, but not limited to, obtain confirmation that Personal Data exists or not, access, verify its contents, origin and accuracy, delete, update, integrate, correct, block or stop, for legitimate reason, the Personal Data processing. To exercise data protection rights, the Participant should contact the Employer. Furthermore, the Participant is aware that Personal Data will not be used for direct marketing purposes. In addition, Personal Data provided can be reviewed and questions or complaints can be addressed by contacting the Participant’s human resources department.

Acknowledgment of Nature of Plan and the Award. By accepting the Award, the Participant acknowledges that (1) the Participant has received a copy of the Plan and the Agreement, including this Appendix; (2) the Participant has reviewed those documents in their entirety and fully understands the contents thereof; and (3) the Participant accepts all provisions of the Plan and the Agreement, including this Appendix. The Participant further acknowledges that he or she has read and specifically and explicitly approves, without limitation, the following provisions of the Agreement: (a) Section 1, “Restricted Stock Unit Awards”; (b) Section 2, “Restriction Period”; (c) Section 3, “Stockholder Rights”; (d) Section 4, “Delivery of Shares or Cash”, (e) Section 5, “Taxes”; (f) the above provisions of this Appendix replacing Section 6, “Data Transfer and Privacy”; (g) Section 7, “Recovery of Award”; (h) Section 8, “Impact of Certain Events”; (i) Section 9, “Nature of Grant”; (j) Section 11, “Protecting the Interests of Tupperware”; (k) Section 12, “Violation of Terms and Recoupment” (l) Section 13, “Governing Law and Venue”;(m) Section 14, “Electronic Delivery and Acceptance”; (n) Section 15, “Severability”; (o) Section 18, “Insider Trading Restrictions/Market Abuse Laws” (p) Section 21, “Imposition of Other Requirements”; (q) Section 22, “Compliance with Law”; and (q) Section 23, “Waiver.”

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

NOTIFICATIONS

Foreign Asset/Account Reporting Information. Italian residents who, during the fiscal year, hold investments abroad or foreign financial assets (e.g., cash, Shares, the Award) which may generate income taxable in Italy are required to report such on their annual tax returns (UNICO Form, RW Schedule) or on a special form if no tax return is due. The same reporting obligations apply to Italian residents who, even if they do not directly hold investments abroad or foreign financial assets (e.g., cash, Shares or the Award), are beneficial owners of the investment pursuant to Italian money laundering provisions.

Tax on Foreign Financial Assets. The fair market value of any Shares held outside of Italyis subject to a foreign assets tax. The fair market value is considered to be the value of the shares on the NYSE on December 31 of each year or on the last day the Participant held the Shares (in such case, or when the Shares are acquired during the course of the year, the tax is levied in proportion to the number of days Shares were held during the calendar year). The Participant should consult with his or her personal tax advisor about the foreign financial assets tax.

JAPAN

NOTIFICATIONS

Foreign Asset Reporting Information.  Details of assets held outside Japan (e.g., Shares) with a total value exceeding ¥50,000,000 (as of December 31 each year) must be reported annually to the tax authorities. The report will be due March 15 of the following year. The Participant should consult with his or her personal tax advisor in Japan to ensure compliance with these obligations.

MALAYSIA

TERMS AND CONDITIONS

Data Transfer and Privacy. The following provision replaces Section 6 of the Agreement:

The Participant hereby explicitly, voluntarily and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this Appendix and any other grant materials by and among, as applicable, the Employer, Tupperware (or any subsidiary or affiliate) and any third parties authorised by the same in assisting in the implementation, administration and management of the Participant’s participation in the Plan.

Peserta dengan ini secara eksplisit, sukarela dan tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadinya seperti yang diterangkan dalam Lampiran dan apa-apa bahan geran oleh dan di antara, seperti mana yang terpakai, Majikan, Tupperware (atau anak syarikat atau syarikat sekutu) dan mana-mana pihak ketiga yang diberi kuasa oleh yang sama dalam membantu dalam pelaksanaan, pentadbiran dan pengurusan penyertaan Peserta dalam Pelan.

The Participant understands that Tupperware and the Employer may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, email address, date of birth, social insurance number (to the extent permitted under Malaysian law), passport or other identification number, salary, nationality, job title, any Shares or directorships held in Tupperware, the fact and conditions of the Participant’s participation in the Plan, details of all Restricted Stock Units or equivalent benefits and any other entitlement to Shares awarded, cancelled, exercised, vested, unvested, purchased or outstanding in the Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and managing the Plan. The source of Data is the Participant’s Employer as well as information which the Participant is providing to Tupperware and the Employer in connection with the Plan including this Appendix.

Peserta memahami bahawa Tupperware dan Majikan mungkin memegang maklumat peribadi tertentu tentang Peserta, termasuk, tetapi tidak terhad kepada, nama Peserta, alamat rumah dan nombor telefon, alamat emel, tarikh lahir, nombor insurans sosial (setakat yang dibenarkan dibawah undang-undang Malaysia), pasport, atau nombor pengenalan lain, gaji, kewarganegaraan, jawatan, apa-apa Saham atau jawatan pengarah yang dipegang dalam Tupperware, fakta dan syarat-syarat mengenai penyertaan Peserta dalam Pelan, butir-butir tentang semua Unit Saham Terbatas atau manfaat yang bersamaan dan apa-apa hak lain untuk Saham yang dianugerahkan, dibatalkan, dilaksanakan, terletak hak, tidak diletak hak, dibeli ataupun yang belum dijelaskan bagi faedah Peserta (“Data”), untuk tujuan ekslusif bagi melaksanakan, mentadbir dan menguruskan Pelan tersebut. Sumber Data adalah daripada Majikan Peserta dan juga maklumat dimana Peserta menyediakan kepada Tupperware dan Majikan berhubung dengan Pelan tersebut termasuk Lampiran ini.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

The Participant also authorizes any transfer of Data, as may be required, to UBS or such other stock plan service provider as may be selected by Tupperware in the future, which is assisting Tupperware with the implementation, administration and management of the Plan and/or with whom any Shares acquired upon vesting of the Restricted Stock Units are deposited.  The Participant acknowledges that these recipients may be located in the Participant’s country or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than the Participant’s country, which may not give the same level of protection to Data.  The Participant understands that the Participant may request a list with the names and addresses of any potential recipients of Data by contacting the Participant’s local human resources representative. The Participant authorizes Tupperware, UBS and any other possible recipients which may assist Tupperware (presently or in the future) with implementing, administering and managing the Participant’s participation in the Plan to receive, possess, use, retain and transfer Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Participant’s participation in the Plan, including any requisite transfer of such Data as may be required to UBS or other third party with whom the Participant may elect to deposit any Shares acquired upon vesting of the Restricted Stock Units. The Participant understands that Data will be held only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan. The Participant understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case, without cost, by contacting the Participant’s local human resources representative, whose contact details are Kathy Chong, Senior HR Executive, Tupperware Malaysia, No. 6 Jalan SS 13/4, Subang Jaya Industrial Estate, 47500 Subang Jaya, Selangor, Malaysia.  Further, the Participant understands that he or she is providing the consents herein on a purely voluntary basis.  If the Participant does not consent, or if the Participant later seeks to revoke consent, the Participant’s employment or service with Tupperware and/or the Employer will not be affected; the only consequence of refusing or withdrawing consent is that Tupperware would not be able to grant future Restricted Stock Units or other equity awards to the Participant or administer or maintain such awards.  Therefore, the Participant understands that refusing or withdrawing consent may affect the Participant’s ability to participate in the Plan. For more information on the consequences of the Participant’s refusal to consent or withdrawal of consent, the Participant understands that he or she may contact his or her local human resources representative.  Peserta juga memberi kuasa mengenai apa-apa pemindahan Data, yang mungkin diperlukan, kepada UBS atau pembekal perkhidmatan pelan saham yang mungkin dipilih oleh Tupperware pada masa depan, yang membantu Tupperware dengan pelaksanaan, pentadbiran dan pengurusan Pelan dan/atau dengan siapa sahaja Saham yang diperolehi semasa peletakan hak Unit Saham Terbatas didepositkan. Peserta mengakui bahawa penerima-penerima ini mungkin berada di negara Peserta atau mana-mana tempat lain, dan bahawa negara penerima (contohnya di AmerikaSyarikat) mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza berbanding dengan negara Peserta, yang mungkin tidak memberi tahap perlindungan Data yang sama. Peserta memahami bahawa Peserta boleh meminta satu senarai yang mengandungi nama dan alamat penerima-penerima Data yang berpotensi dengan menghubungi wakil sumber manusia tempatan Peserta. Peserta memberi kuasa kepada Tupperware, UBS, dan mana-mana penerima-penerima lain yang mungkin membantu Tupperware (pada masa sekarang atau pada masa depan) dengan melaksanakan, mentadbir dan mengurus penyertaan Peserta dalam Pelan untuk menerima, memiliki, menggunakan, mengekalkan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan Peserta dalam Pelan, termasuk apa-apa pemindahan data yang diperlukan kepada UBS atau pihak ketiga yang lain dengan sesiapa yang Peserta pilih untuk deposit apa-apa Saham yang diperoleh selepas peletakan hak Unit Saham Terbatas. Peserta memahami bahawa Data hanya akan disimpan untuk tempoh yang perlu bagi melaksanakan, mentadbir dan menguruskan penyertaan Peserta dalam Pelan. Peserta memahami bahawa dia boleh, pada bila-bila masa, melihat Data, meminta maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta bahawa pindaan-pindaan dilaksanakan ke atas Data atau menolak atau menarik balik persetujuan dalam ini, dalam mana-mana kes, tanpa kos, dengan menghubungi wakil sumber manusia tempatan Peserta, dimana butir-butir hubungan adalah Kathy Chong, Senior HR Executive, Tupperware Malaysia, No. 6 Jalan SS 13/4, Subang Jaya Industrial Estate, 47500 Subang Jaya, Selangor, Malaysia. Selanjutnya, Peserta memahami bahawa dia telah memberikan persetujuan di sini secara sukarela. Jika Peserta tidak bersetuju, atau jika Peserta kemudian membatalkan persetujuan, pekerjaan atau perkhidmatan Peserta dengan Tupperware dan / atau Majikan tidak akan terjejas; satu-satu akibatnya jika tidak bersetuju atau menarik balik persetujuan adalah bahawa Tupperware tidak akan dapat memberikan Unit Saham Terbatas atau anugerah ekuiti yang lain kepada Peserta pada masa hadapan atau mentadbir atau mengekalkan anugerah tersebut. Oleh itu, Peserta memahami bahawa keengganan atau penarikan balik persetujuan boleh menjejaskan keupayaan Peserta untuk mengambil bahagian dalam Pelan. Untuk maklumat lanjut mengenai akibat keengganan Peserta untuk memberikan persetujuan atau penarikan balik persetujuan, Peserta memahami bahawa dia boleh menghubungi wakil sumber manusia tempatannya.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

NOTIFICATIONS

Director Notification Obligation. If the Participant is a director of Tupperware’s Malaysian subsidiary or affiliate, the Participant is subject to certain notification requirements under the Malaysian Companies Act. Among these requirements is an obligation to notify the Malaysian subsidiary or affiliate in writing when the Participant receives or disposes of an interest (e.g., an Award under the Plan or Shares) in Tupperware or any related company. Such notifications must be made within 14 days of receiving or disposing of any interest in Tupperware or any related company.

MEXICO

TERMS AND CONDITIONS

Nature of Grant. The following provisions supplement Section 9 of the Agreement:

Acknowledgement of the Grant. In accepting the Award, the Participant acknowledges that the Participant has received a copy of the Plan and the Agreement, including this Appendix, has reviewed the Plan and the Agreement, including this Appendix, in their entirety and fully understands and accepts all provisions of the Plan and the Agreement, including this Appendix. The Participant further acknowledges that the Participant has read and specifically and expressly approves the terms and conditions of Section 9 of the Agreement, in which the following is clearly described and established:

(1)     The Participant’s participation in the Plan does not constitute an acquired right.

(2) The Plan and the Participant’s participation in the Plan are offered by Tupperware on a wholly discretionary basis.

(3)     The Participant’s participation in the Plan is voluntary.

(4) Neither Tupperware nor any subsidiary or affiliate of Tupperware is responsible for any decrease in the value of the Restricted Stock Units granted and/or Shares issued under the Plan.

Labor Law Acknowledgment and Policy Statement. In accepting the Award, the Participant expressly recognizes that Tupperware, with registered offices at 14901 S. Orange Blossom Trail, Orlando, Florida, 32837, U.S.A., is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and purchase of Shares does not constitute an employment relationship between the Participant and Tupperware since the Participant is participating in the Plan on a wholly commercial basis and the Participant’s sole employer is either Tupperware Brands Mexico, S. de R.L. de C.V. (“Tupperware Brands Mexico”), Dart, S.A. de C.V. (“Tupperware-Mexico”) or House of Fuller Holdings S. de R.L. de C.V. (“Fuller-Mexico”). Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that the Participant may derive from participation in the Plan do not establish any rights between the Participant and the Employer, Tupperware Brands Mexico, Tupperware-Mexico or Fuller Mexico, and do not form part of the conditions of the Participant’s employment and/or benefits provided by Tupperware Brands Mexico, Tupperware-Mexico or Fuller-Mexico and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment.

The Participant further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of Tupperware; therefore, Tupperware reserves the absolute right to amend and/or discontinue the Participant’s participation in the Plan at any time, without any liability to the Participant.

Finally, the Participant hereby declares that the Participant does not reserve to himself or herself any action or right to bring any claim against Tupperware for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Participant therefore grants a full and broad release to Tupperware, its shareholders, officers, agents, legal representatives, and affiliates with respect to any claim that may arise.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

Spanish Translation

TÉRMINOS Y CONDICIONES

Naturaleza del Otorgamiento: Las siguientes disposiciones complementan el Artículo 9 del Acuerdo:

Reconocimiento del Otorgamiento. Al aceptar el Premio, el Participante reconoce que ha recibido una copia del Plan y del Acuerdo, incluyendo este Apéndice, ha revisado el Plan y el Acuerdo, incluyendo este Apéndice, en su totalidad y plenamente comprende y acepta todas las disposiciones previstas en el Plan y el Acuerdo, incluyendo este Apéndice. Asimismo, el Participante reconoce que ha leído y específicamente y expresamente aprueba los términos y condiciones establecidos en la Sección 9 del Acuerdo, en el cual claramente se describe y establece lo siguiente:

(1)La participación del Participante en el Plan no constituye un derecho adquirido.

(2) El Plan y la participación del Participante en el Plan se ofrecen por Tupperware de forma completamente discrecional.

(3) La participación del Participante en el Plan es voluntaria.

(4)Ni Tupperware ni sus subsidiarias o afiliadas son responsables por una reducción del valor de las Unidades de Acciones Restringidas y/o Acciones emitidas bajo el Plan.

Reconocimiento de la Legislación Laboral y Declaración de la Política. Al aceptar el Premio, el Participante expresamente reconoce que Tupperware, con domicilio ubicado en 14901 S. Orange Blossom Trail, Orlando, Florida, 32837, U.S.A., es el único responsable de la administración del Plan y que la participación del Participante en el Plan y compra de Acciones no constituye una relación de trabajo entre el Participante y Tupperware, toda vez que la participación del Participante en el Plan es de carácter comercial y el único patrón del Participante es Tupperware Brands Mexico, S. de R.L. de C.V. (“Tupperware Brands Mexico”), Dart, S.A. de C.V. (“Tupperware-México”) o House of Fuller S. de R.L. de C.V. (“Fuller-Mexico”). Derivado de lo anterior, el Participante expresamente reconoce que el Plan y los beneficios que el Participante obtenga por la participación en el Plan no establecen derecho alguno entre el Participante y el Patrón, Tupperware Brands Mexico, Tupperware-México o Fuller-Mexico, y no forman parte de las condiciones de los servicios del Participante y/o beneficios otorgados por Tupperware Brands Mexico, Tupperware-México o Fuller-Mexico y cualquier modificación del Plan o su terminación no constituyen un cambio o impedimento de los términos y condiciones del servicio del Participante.

Asimismo, el Participante reconoce que su participación en el Plan es el resultado de una decisión unilateral y discrecional por parte de Tupperware, por lo que, Tupperware se reserva el derecho absoluto de modificar y/o dar por terminada la participación del Participante en el Plan en cualquier momento, sin responsabilidad alguna hacia el Participante.

Finalmente, el Participante manifiesta que no se reserva acción o derecho alguno que ejercitar en contra de Tupperware por cualquier daño o perjuicio en relación a las disposiciones del Plan o los beneficios establecidos en el mismo, por lo que, el Participante otorga el finiquito más amplio que en derecho proceda a Tupperware, sus accionistas, funcionarios, agentes, representantes legales y afiliados con respecto a cualquier demanda que pudiera surgir.

NETHERLANDS

There are no country-specific provisions.

PHILIPPINES

TERMS AND CONDITIONS

Restricted Stock Units Settled in Cash. The following provision supplements Section 1 of the Agreement:

Due to securities restrictions in the Philippines, Awards will be settled in cash and the Participant will not be entitled to Shares when the Restricted Stock Units vest.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

POLAND

NOTIFICATIONS

Foreign Asset/Account Reporting Information. Polish residents holding foreign securities (including Shares) and maintaining accounts abroad must report information to the National Bank of Poland on transactions and balances of the securities and cash deposited in such accounts if the value of such securities and cash (when combined with all other assets held abroad) exceeds PLN 7,000,000. If required, the reports must be filed on a quarterly basis on special forms available on the website of the National Bank of Poland. Any transfer of funds in excess of a specified threshold (currently €15,000) must be effected through a bank account in Poland. The Participant should maintain evidence of such foreign exchange transactions for five years, in case of a request for their production by the National Bank of Poland.

PORTUGAL

TERMS AND CONDITIONS

Language Consent. The following provision supplements Section 17 of the Agreement:

The Participant hereby expressly declares that he or she has full knowledge of the English language and has read, understood and fully accepted and agreed with the terms and conditions established in the Plan and this Agreement.

Conhecimento da Lingua. O Contratado, pelo presente instrumento, declara expressamente que tem pleno conhecimento da língua inglesa e que leu, compreendeu e livremente aceitou e concordou com os termos e condições estabelecidas no Plano e no Acordo de Atribuição (Agreement em inglês).

Notifications

Exchange Control Information. If the Participant receives Shares upon vesting of the Award, the acquisition of such shares should be reported to the Banco de Portugal for statistical purposes. If the Shares are deposited with a commercial bank or financial intermediary in Portugal, such bank or financial intermediary will submit the report on the Participant’s behalf. If the Shares are not deposited with a commercial bank or financial intermediary in Portugal, the Participant is responsible for submitting the report to the Banco de Portugal.

RUSSIA

TERMS AND CONDITIONS

U.S. Transaction. The Participant understands that the acceptance of the Award through the website of Tupperware’s designated broker results in an agreement between the Participant and Tupperware completed in the United States and that the Agreement is governed by the laws of the State of Florida, without giving effect to the conflict of law principles thereof.

Delivery of Shares or Cash.The following provision supplements Section 4 of the Agreement:

The Participant agrees that Tupperware is authorized, at its discretion, to instruct its designated broker to assist with the sale of the Shares acquired at vesting of the Restricted Stock Units (on the Participant’s behalf pursuant to this authorization and without further consent) should Tupperware determine that such sale is necessary or advisable under local securities law. The Participant expressly authorizes Tupperware’s designated broker to complete the sale of such Shares and acknowledges that Tupperware’s designated broker is under no obligation to arrange for the sale of the Shares at any particular price. Upon the sale of the Shares, Tupperware agrees to pay the Participant the cash proceeds from the sale of the Shares, less any brokerage fees, commissions and Tax-Related Items. The Participant acknowledges that he or she is not aware of any material nonpublic information with respect to Tupperware or any securities of Tupperware as of the date of the Award.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

Securities Law Notification.TheParticipant acknowledges that the Award, the Agreement, the Plan and all other materials the Participant may receive regarding participation in the Plan do not constitute advertising or an offering of securities in Russia. The Shares acquired pursuant to the Plan have not and will not be registered in Russia nor admitted for listing on any Russian exchange for trading within Russia, and therefore, neither the Award nor the Shares may be used for offering or public or private circulation in Russia. The Participant acknowledges that he or she may hold Shares acquired upon vesting of the Restricted Stock Units in the Participant’s account with Tupperware’s third party broker/administrator in the United States. However, in no event will Shares issued to the Participant under the Plan be delivered to Participant in Russia. Further, the Participant is not permitted to sell or otherwise dispose of Shares directly to other Russian individuals.

Data Transfer and Privacy. The following provision supplements Section 6 of the Agreement:

The Participant understands and agrees that he or she must complete and return a Consent to Processing of Personal Data (the “Consent”) form to Tupperware. Further, the Participant understands and agrees that if the Participant does not complete and return a Consent form to Tupperware, Tupperware will not be able to grant Restricted Stock Units to the Participant or other awards or administer or maintain such awards. Therefore, the Participant understands that refusing to complete a Consent form or withdrawing his or her consent may affect the Participant’s ability to participate in the Plan.

Notifications

Exchange Control Information.Proceeds from the sale of Shares must be repatriated to Russia within a reasonably short period after receipt. The sale proceeds must be initially credited to the Participant through a foreign currency account opened in the Participant’s name at an authorized bank in Russia. After the funds are initially received in Russia, they may be further remitted to a foreign bank in accordance with Russian exchange control laws. As an exception, dividends (but not dividend equivalents) do not need to be remitted to a Russian resident Participant’s bank account in Russia but instead can be remitted directly to a foreign individual bank account (in countries belonging to the Organization for Economic Cooperation and Development (“OECD”) or the Financial Action Task Force (“FATF”)). Certain other exemptions to these requirements may be available or may become available in the future. The Participant should consult his or her personal legal advisor before Restricted Stock Units vest, before Shares are sold and before any sale proceeds are remitted to Russia, as significant sanctions for violations of the Russian currency control laws may apply and exchange control requirements are subject to change at any time, often without notice.

Foreign Asset/Account Reporting Information. The Russian tax authorities must be notified within one month of the opening or closing of a foreign bank account, or of a change in foreign bank account details. Reports of the transactions and balances of foreign bank accounts must also be filed with the Russian tax authorities each year.

Labor Law Information. If the Participant continues to hold Shares acquired at vesting of the Restricted Stock Units after an involuntary termination of the Participant’s Service, the Participant will not be eligible to receive unemployment benefits in Russia.

Anti-Corruption Information. Anti-corruption laws prohibit certain public servants, their spouses and their dependent children from owning any foreign source financial instruments (e.g., shares of foreign companies such as Tupperware). Accordingly, the Participant should inform Tupperware if the Participant is covered by these laws because the Participant may not hold Shares acquired under the Plan.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

SINGAPORE

Terms and Conditions

Restriction on Sale of Shares. To the extent the Restricted Stock Units vest within six months of the Date of Grant, the Participant may not dispose of the Shares issued upon settlement of the Restricted Stock Units, or otherwise offer the Shares to the public, prior to the six-month anniversary of the Date of Grant, unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the Securities and Futures Act (Chap. 289, 2006 Ed.) (“SFA”).

Notifications

Securities Law Information.The Award is being granted to the Participant pursuant to the “Qualifying Person” exemption under section 273(1)(f) of the SFA and is not made with a view to the Restricted Stock Units or underlying Shares being subsequently offered for sale to any other party. The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore.

Chief Executive Officer and Director Notification Obligation. If the Participant is the Chief Executive Officer (“CEO”) or a director, associate director or shadow director of Tupperware or a Singapore subsidiary or affiliate of Tupperware, the Participant is subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify Tupperware or the Singaporean subsidiary or affiliate in writing when the Participant receives an interest (e.g., an Award, Shares) in Tupperware or any related companies. Please contact Tupperware to obtain a copy of the notification form. In addition, the Participant must notify Tupperware or the Singapore subsidiary or affiliate when the Participant sells Shares of Tupperware or any related corporation (including when the Participant sell Shares acquired under the Plan). These notifications must be made within two business days of acquiring or disposing of any interest in Tupperware or any related corporation. In addition, a notification must be made of the Participant’s interests in Tupperware or any related corporation within two business days of becoming the CEO or a director.

SOUTH AFRICA

TERMS AND CONDITIONS

Taxes. The following provision supplements Section 5 of the Agreement:

By accepting the Award, the Participant agrees that, immediately upon vesting and settlement of the Restricted Stock Units, the Participant will notify the Employer of the amount of any gain realized. If the Participant fails to advise the Employer of the gain realized, the Participant may be liable for a fine. The Participant will be solely responsible for paying any difference between the actual liability for Tax-Related Items and the amount withheld.

Deemed Acceptance of Award.  Pursuant to Section 96 of Companies Act 71 of 2008 (the “Companies Act”), the offer of the Award must be finalized within six months following the date the offer is communicated to the Participant.  If the Participant does not want to accept the Award, the Participant is required to decline the Award no later than six months following the date the offer is communicated to the Participant.  If the Participant does not reject the Award within six months following the date the offer is communicated to the Participant, the Participant will be deemed to accept the Award.

NOTIFICATIONS

Securities Notification.  Neither the Restricted Stock Units nor the underlying Shares shall be publicly offered or listed on any stock exchange in South Africa.  The offer is intended to be private pursuant to Section 96 of the Companies Act and is not subject to the supervision of any South African governmental authority.

Exchange Control Information. The Award may be subject to exchange control regulations in South Africa. Because exchange control regulations are subject to frequent change, sometimes without notice, the Participant should consult his or her personal legal advisor prior to vesting and settlement of the Award to ensure compliance with current regulations. The Participant is solely responsible for ensuring compliance with all exchange control laws in South Africa.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

SOUTH KOREA

NOTIFICATIONS

Exchange Control Information. If the Participant realizes US$500,000 or more from the sale of Shares, Korean exchange control laws require the Participant to repatriate the proceeds to South Korea within three years of the sale.

Foreign Assets Reporting Information. The Participant must declare all foreign financial accounts (e.g., non-Korean bank accounts, brokerage accounts holding Shares) to the Korean tax authority and file a report with respect to such accounts if the value of such accounts exceeds KRW 1 billion (or an equivalent amount in foreign currency).

SPAIN

TERMS AND CONDITIONS

Nature of Grant. The following provision supplements Section 9 of the Agreement:

In accepting the Award, the Participant acknowledges that he or she consents to participation in the Plan and has received a copy of the Plan.

The Participant understands and agrees that, as a condition of the grant of the Award, except as provided for in Section 8 of the Agreement, the termination of the Participant’s employment for any reason (including for the reasons listed below) will automatically result in the forfeiture and loss of the Shares that have not vested on the date of termination.

In particular, the Participant understands and agrees that the Award will be forfeited without entitlement to the underlying Shares or to any amount as indemnification if the Participant’s employment is terminated prior to vesting by reason of, including, but not limited to: disability, resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985.

Furthermore, the Participant understands that Tupperware has unilaterally, gratuitously and discretionally decided to grant Restricted Stock Units under the Plan to individuals who may be employees of Tupperware or any subsidiary or affiliate of Tupperware throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind Tupperware or any subsidiary or affiliate of Tupperware on an ongoing basis. Consequently, the Participant understands that the Award is granted on the assumption and condition that the Award and the Shares issued upon vesting of the Restricted Stock Units shall not become a part of any employment or other contract (with Tupperware, the Employer, or any subsidiary or affiliate of Tupperware) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, the Participant understands that the Award would not be made to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Award grant shall be null and void.

NOTIFICATIONS

Securities Law Notification.The Award described in the Agreement (including this Appendix) does not qualify under Spanish regulations as securities.  No “offer of securities to the public,” as defined under Spanish law, has taken place or will take place in the Spanish territory. The Agreement (including this Appendix) has not been nor will it be registered with the Comisión Nacional del Mercado de Valores, and it does not constitute a public offering prospectus.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

Exchange Control Information. The acquisition of Shares under the Plan must be declared for statistical purposes to the Spanish Dirección General de Comercio e Inversiones (the “DGCI”), the Bureau for Commerce and Investments, which is a department of the Ministry of Economy and Competiveness. The Participant must also declare ownership of any Shares with the Directorate of Foreign Transactions each January while the Shares are owned. In addition, the sale of any Shares must be declared on Form D-6 filed with the DGCI in January, unless the sale proceeds exceed the applicable threshold (currently €1,502,530), in which case, the filing is due within one month after the sale.

When receiving foreign currency payments derived from the ownership of Shares (i.e., sale proceeds), the Participant must inform the financial institution receiving the payment of the basis upon which such payment is made if the payment exceeds €50,000. The Participant will need to provide the following information: (i) the Participant’s name, address, and fiscal identification number; (ii) the name and corporate domicile of Tupperware; (iii) the amount of the payment and the currency used; (iv) the country of origin; (v) the reasons for the payment; and (vi) further information that may be required.

In addition, the Participant may be required to declare electronically to the Bank of Spain any foreign accounts (including brokerage accounts held abroad), any foreign instruments (including any Shares acquired under the Plan) and any transactions with non-Spanish residents (including any payments of Shares made to the Participant by Tupperware) depending on the value of such accounts and instruments and the amount of the transactions during the relevant year as of December 31 of the relevant year.

Foreign Asset/Account Reporting Information. If the Participant holds rights or assets (e.g., Shares or cash held in a bank or brokerage account) outside of Spain with a value in excess of €50,000 per type of right or asset (e.g., Shares, cash, etc.) as of December 31 each year, the Participant is required to report certain information regarding such rights and assets on tax form 720.  After such rights and/or assets are initially reported, the reporting obligation will apply for subsequent years only if the value of any previously-reported rights or assets increases by more than €20,000 or if the ownership of the asset is transferred or relinquished during the year.  The reporting must be completed by the March 31 each year. 

SWITZERLAND

NOTIFICATIONS

Securities Law Notification. The Award is considered a private offering in Switzerland; therefore, it is not subject to registration in Switzerland. Neither this document nor any other materials relating to the Award (a) constitutes a prospectus as such term is understood pursuant to article 652a of the Swiss Code of Obligations, (b) may be publicly distributed or otherwise made publicly available in Switzerland or (c) has been or will be filed with, approved or supervised by any Swiss regulatory authority (in particular, the Swiss Financial Market Supervisory Authority (FINMA)).

THAILAND

NOTIFICATIONS

Exchange Control Information. When the Participant sells Shares acquired under the Plan or if the Participant receives cash dividends or dividend equivalents, if the amount of the sale proceeds or such cash dividends is US$50,000 or more in a single transaction, the Participant must (i) specifically report the inward remittance to the Bank of Thailand on a foreign exchange transaction form, and (ii) immediately repatriate all cash proceeds to Thailand and then convert such proceeds to Thai Baht within 360 days of repatriation. If the Participant fails to comply with these obligations, he or she may be subject to penalties assessed by the Bank of Thailand. The Participant should consult with his or her personal legal advisor before taking action with respect to remittance of proceeds from the sale of Shares into Thailand. The Participant is responsible for ensuring compliance with all exchange control laws in Thailand.

Exhibit 10.8

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

RESTRICTED STOCK UNIT AGREEMENT

TURKEY

NOTIFICATIONS

Securities Law Information. Restricted Stock Units are made available only to employees of Tupperware and its subsidiaries and affiliates, and the offer of participation in the Plan is a private offering. Under Turkish law, the Participant is not permitted to sell Shares acquired under the Plan in Turkey. The Shares are currently traded on the NYSE, which is located outside of Turkey, under the ticker symbol “TUP” and the Shares may be sold through this exchange.

Exchange Control Information. Under Turkish law, Turkish residents are permitted to purchase and sell securities or derivatives traded on exchanges abroad only through a financial intermediary licensed in Turkey.  Therefore, the Participant may be required to appoint a Turkish broker to assist with the sale of the Shares acquired under the Plan.  The Participant should consult his or her personal legal advisor before selling any Shares acquired under the Plan to confirm the applicability of this requirement to the Participant.

UNITED STATES OF AMERICA

There are no country-specific provisions.

URUGUAY

There are no country-specific provisions.

VENEZUELA

TERMS AND CONDITIONS

Restricted Stock Units Settled in Cash. The following provision supplements Section 1 of the Agreement:

Awards will be settled in cash only and the Participant will not be entitled to Shares when the Restricted Stock Units vest.

Exchange Control Information. Exchange control restrictions may limit the ability to vest in the Award or to remit funds into Venezuela following the receipt of the cash payment upon settlement of the Award under the Plan. Tupperware reserves the right to further restrict the settlement of the Restricted Stock Units or to amend or cancel the Award at any time in order to comply with the applicable exchange control laws in Venezuela. The Participant is responsible for complying with exchange control laws in Venezuela and neither Tupperware nor the Employer will be liable for any fines or penalties resulting from the Participant’s failure to comply with applicable laws. Because exchange control laws and regulations change frequently and without notice, the Participant should consult with his or her personal legal advisor before accepting the Award to ensure compliance with current regulations.

NOTIFICATIONS

Securities Law Notification. The Award and the Shares issued under the Plan are offered as a personal, private, exclusive transaction and are not subject to Venezuelan government securities regulations.

VIETNAM

TERMS AND CONDITIONS

Delivery of Shares or Cash. The following provision supplements Section 4 of the Agreement for Employees and Expatriates in Vietnam

Due to exchange control regulations in Vietnam, Awards will be settled in cash only and the Participant will not be entitled to Shares when the Restricted Stock Units vest. The cash will be paid through the Participant’s local payroll less any Tax-Related Items.

EX-10.9

Exhibit 10.9

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

Participant:«Full Participant Name»

Number of

Options:«Shares»

Option Price:US$«Grant Price»

Grant Date:«Grant Date»

Exercise Rights Begin:

Vesting DatesPercentage of Grant

1st Anniversary of the Grant Date:33.33% (rounded down to the nearest whole share)

2nd Anniversary of the Grant Date:33.33% (rounded to the nearest whole share)

3rd Anniversary of the Grant Date:33.33% (all remaining shares)

Option Term Expires:«Expiration Date»

1. Option Grant. Tupperware Brands Corporation, a Delaware corporation (“Tupperware”), pursuant to the Tupperware Brands Corporation 2016 Incentive Plan (the “Plan”), a copy of which is available online at www.ubs.com/onesource/tup or by requesting a copy from the Corporate Secretary’s Office, hereby grants to the Participant as of the Grant Date a non-qualified stock option (the “Stock Option”) to purchase from Tupperware a number of shares of the common stock of Tupperware, $0.01 par value (“Common Stock” or “Shares”), at the Option Price, all as specifically indicated on the grant offered to the Participant in this Agreement. The Stock Option is exercisable in accordance with the terms and conditions of this Non-Qualified Stock Option Grant Agreement, including applicable special terms and conditions for the Participant’s country set forth in any appendix hereto as provided in Section 21 below (the “Appendix”; this Non-Qualified Stock Option Agreement and the Appendix collectively referred to hereinafter as this “Agreement”), and the Plan. The Participant shall execute this Agreement by accepting it online at www.ubs.com/onesource/tup. If Tupperware determines that this Agreement or any other agreement from the Participant is appropriate, or required in another format, in order to comply with any listing, registration or other legal requirement, the Participant shall execute and deliver such agreement to Tupperware. The Participant’s failure to accept this Agreement or other required agreement may prevent the exercise of the Stock Option as described in Section 3 below. All determinations and interpretations made by Tupperware in connection with any question arising under this Agreement or the Plan are binding and conclusive upon the Participant and his or her legal representative. If there is any conflict between the provisions of this Agreement and the Plan, the Plan shall control. Capitalized terms used and not defined in this Agreement have the meanings given to them in the Plan.

2. Term and Exercise Period. The Stock Option becomes exercisable as set forth above, subject to the Participant’s continued employment with Tupperware or its Subsidiaries through the applicable Vesting Date. Any portion of the Stock Option which becomes exercisable continues to be exercisable, until exercised, during the Option Term, except as stated below. No delays in the exercise of an Option beyond the Option Term are permissible. The Option Term means the period which begins on the Grant Date and ends on the date the Option Term expires, except as may otherwise be set forth in this Agreement.

3. Exercise Procedure. To exercise the Stock Option, the Participant shall deliver a notice to Tupperware via its agent at UBS Financial Services, Inc. (“UBS”), specifying the number of shares to be purchased, and shall deliver payment in full, or make arrangements satisfactory to Tupperware for payment in full of the Option Price for such shares and for the satisfaction of any tax withholding required to be effected by Tupperware as described in Section 6 below. Tupperware shall make available to the Participant a form or electronic process that may be used for this purpose. The date of exercise shall be the date on which such notice and payment, or arrangements satisfactory to Tupperware for payment and tax withholding are received by Tupperware or its agent. The Participant may exercise the Stock Option on the web by logging onto www.ubs.com/onesource/tup or by calling 1-888-661-2834 in the United States or +1(201)272-7571 when outside of the United States.

Exhibit 10.9

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

4. Payment of the Option Price. As provided under Section 6.4(d) of the Plan, payment of the Option Price for the number of shares to be purchased shall be made: (i) in cash (including a check, bank draft, money order or wire transfer); (ii) if the Participant is a United States resident, by delivery of an attestation of share ownership confirming that unrestricted shares of Common Stock having a fair market value at least equal to the Option Price for the shares to be purchased are already owned by the Participant of the same class as the shares subject to the Stock Option (based on the Fair Market Value of the Shares on the date the Stock Option is exercised); (iii) by written instruction to Tupperware or its agent to affect a “net exercise” arrangement pursuant to which Tupperware retains from the Stock Option exercise a whole number of Shares with a Fair Market Value that does not exceed the aggregate Option Price, along with delivery of cash (as defined in clause (i) above) representing the remainder of the Option Price not covered by the retention of the whole number of shares; (iv) by way of a “cashless” exercise by delivering a properly executed exercise notice to Tupperware, together with a copy of irrevocable instruments to Tupperware’s designated broker to deliver to Tupperware an amount of the sale proceeds to pay the Option Price; or (v) by any combination of the above.

5. Delivery of Common Stock. Upon any exercise of the Stock Option, and subject to the payment of the Option Price under Section 4 of this Agreement and of all Tax-Related Items under Section 6 of this Agreement, Tupperware shall deliver the Shares purchased in book entry form. The Shares shall be registered in the name of the Participant. If the Participant dies, the shares shall be registered in the name of the person entitled to exercise the Stock Option in accordance with the Plan. Tupperware reserves the right, depending upon the regulatory circumstances existing in any particular country, to require a “sell all, cashless exercise” of any Stock Option.

6. Taxes. The Participant acknowledges that, regardless of any action taken by Tupperware or, if different, the Participant’s employer (the “Employer”), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant or deemed by Tupperware or the Employer in its discretion to be an appropriate charge to the Participant even if legally applicable to Tupperware or the Employer (“Tax-Related Items”) is and remains the Participant’s responsibility and may exceed the amount, if any, actually withheld by Tupperware or the Employer. The Participant further acknowledges that Tupperware and/or the Employer: (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Stock Option, including, but not limited to, the grant, vesting or exercise of the Stock Option, the subsequent sale of Shares acquired upon exercise and the receipt of any dividends following the exercise of the Stock Option; and (2) do not commit to and are under no obligation to structure the terms of the Stock Option to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant is subject to Tax-Related Items in more than one jurisdiction, the Participant acknowledges that Tupperware and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. Prior to any relevant taxable or tax withholding event, as applicable, the Participant agrees to make adequate arrangements satisfactory to Tupperware and/or the Employer to satisfy all Tax-Related Items. In this regard, the Participant authorizes Tupperware and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: (a) withholding from the Participant’s wages or other cash compensation paid to the Participant by Tupperware and/or the Employer; or (b) withholding from proceeds of the sale of Shares acquired upon exercise of the Stock Option either through a voluntary sale or through a mandatory sale arranged by Tupperware (on the Participant’s behalf pursuant to this authorization without further consent); or (c) withholding in Shares to be issued upon exercise of the Stock Option, provided, however that if the Participant is a Section 16 officer of Tupperware under the Exchange Act, then Tupperware will withhold in Shares upon the relevant taxable or tax withholding event, as applicable, unless the use of such withholding method is problematic under applicable tax or securities law or has materially adverse accounting consequences, in which case, the obligation for Tax-Related Items may be satisfied by one or a combination of methods (a) and (b) above. Depending on the withholding method, Tupperware may withhold or account for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates, in which case the Participant may receive a refund of any over-withheld amount in cash and will have no entitlement to the share equivalent. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Participant is deemed to have been issued the full number of shares subject to the exercised Stock Option, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items. Finally, the Participant agrees to pay to Tupperware or the Employer any amount of Tax-Related Items that Tupperware and/or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. Tupperware may refuse to honor the exercise and refuse to deliver the Shares or the proceeds of the sale of shares, if the Participant fails to comply with the Participant’s obligations in connection with the Tax-Related Items.

Exhibit 10.9

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

7. Impact of Certain Events. Upon the Participant’s death, Disability, retirement or termination, or upon a Change of Control, the Participant shall have such modified rights of vesting and exercisability as set forth below:

(a) Death: If the Participant’s employment terminates by reason of death, the Stock Option shall become immediately and fully exercisable and may thereafter be exercised by the estate of the Participant for a period of three years from the date of such death; provided, however, that if the Participant is at least sixty years of age at the time of death and has fifteen years service with Tupperware, the Stock Option may thereafter be exercised by the estate of the Participant for a period of six years from the date of such death. In no event, however, may the Stock Option be exercisable beyond the end of the Option Term. Notwithstanding any provision herein to the contrary, if the Participant dies after termination of the Participant’s employment, the Stock Option may thereafter be exercised, to the extent the Stock Option was exercisable as of the date of such death, for a period that expires on the earliest of (i) the first anniversary of the date of such death, (ii) the last date on which the Participant would have been entitled to exercise the Stock Option had the Participant not died or (iii) the end of the Option Term; provided, however, that if the Participant had retired from Tupperware prior to the date of death, the estate of the Participant shall continue to have the benefit of the vesting and exercisability benefits specified by the provisions governing retirement as set forth below.

(b) Disability: If the Participant’s employment terminates by reason of Disability, the Stock Option, if not fully vested and exercisable as of the date of such termination, shall continue to vest according to the Stock Option’s stated vesting schedule and may thereafter be exercised by the Participant, to the extent it was exercisable at the time of termination or thereafter becomes exercisable, for a period of three years from the date of such termination of employment or until the end of the Option Term, whichever period is the shorter; provided, however, that if the Participant dies within such period, the Stock Option shall continue to be exercisable to the extent to which it was exercisable at the time of death for the remainder of such period, or for a period of 12 months from the date of such death, or until the expiration of the Option Term, whichever period is the shortest.

(c) Retirement: If the Participant’s employment terminates by reason of retirement, the following vesting and exercisability terms will apply. The Participant shall be deemed to have terminated employment by reason of retirement if the Participant has attained age and years of service requirements set forth below, has given due notice (as determined by the Committee), and has entered into an agreement, the form and content of which shall be specified by the Committee, not to compete with Tupperware and its Affiliates for a period of one year following such retirement. In no event, however, may the Stock Option be exercisable after the end of the Option Term.

Age at Retirement	Minimum Years of Service with         Company	Years of Continued Vesting Following         Retirement	Years of Continued Exercisability Following Retirement
55 or more…………………	10	1	2
60 or more…………………	15	6	6

Notwithstanding the foregoing, if the Participant dies within such period of continued exercisability, the Stock Option shall continue to be exercisable to the extent to which it was exercisable at the time of death for the remainder of such period, or for a period of 12 months from the date of such death, or until the end of the Option Term, whichever period is the shortest.

Notwithstanding anything to the contrary herein, if Tupperware receives an opinion of counsel that there has been a legal judgment and/or legal development in the Participant’s country that likely would result in any favorable treatment of the Stock Option at retirement under the Plan or this Agreement being deemed unlawful or discriminatory, such favorable treatment shall not apply and the Stock Option shall be treated as set forth in the remaining provisions of this Agreement.

(d) Termination for Cause: Unless otherwise determined by the Committee, if the Participant incurs a termination of employment for Cause, the Stock Option, whether vested or unvested, shall thereupon terminate.

(e) Change of Control Termination: If a Change of Control occurs in which the Stock Option is substituted by the Successor and the Participant’s employment is terminated within two years following a Change of Control (i) by the Successor (or an affiliate thereof) without Cause or (ii) if the Participant is an executive officer of Tupperware (who is subject to reporting under Section 16 of the Exchange Act) and resigns for Good Reason, then the Stock Option shall become immediately vested and shall be exercisable through the end of the Option Term. If the Stock Option is not substituted by the Successor upon a Change of Control, then the Stock Option shall be governed by Section 15.2 of the Plan.

Exhibit 10.9

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

(f) Other Termination:If the Participant incurs a voluntary termination of employment, the Stock Option, to the extent then exercisable, may be exercised for the lesser of thirty days from the date of such termination of employment or until the end of the Option Term. If the Participant incurs a termination of employment by Tupperware, other than by reason of retirement, Disability or Cause, the Stock Option, to the extent it is then exercisable, or becomes exercisable during the one-year period following termination of employment by Tupperware, may be exercised at any time from the date of vesting until the first anniversary of the date of such termination of employment or, if sooner, the end of the Option Term; provided, however, that if the Participant dies within such period of post-termination exercisability, the Stock Option shall continue to be exercisable to the extent to which it was exercisable at the time of death for the remainder of such period, or for a period of 12 months from the date of such death, or until the expiration of the Option Term, whichever period is the shortest.

8.Data Transfer and Privacy. In order for Tupperware to administer this Plan, the Participant must provide Tupperware with personal data to identify the Participant, including the Participant’s name and address. The personal data will be transferred to Tupperware’s United States headquarters in Orlando, Florida, and processed there. Tupperware may transfer the personal data to an outside vendor (such as a bank) for further processing. By acceptance of the Stock Option, the Participant explicitly consents to this collection, transfer and processing, as necessary for operation of this Plan. During each of these steps, Tupperware treats personal data with care to ensure its privacy and ensure that any outside vendors do the same. For European Union residents, the data is treated in accordance with Tupperware’s European Union Data Transfer Policy. The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this Agreement and any other grant materials by and among, as applicable, the Employer, and Tupperware and its subsidiaries and affiliates, for the exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan. The Participant understands that Tupperware and the Employer may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, email address, date of birth, social insurance number (to the extent permitted under applicable law), passport or other identification number (e.g., resident registration number), salary, nationality, job title, any Shares or directorships held in Tupperware, details of all Stock Options or any other entitlement to Shares or equivalent benefits awarded, canceled, exercised, vested, unvested, purchased or outstanding in the Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and managing the Plan. The Participant understands that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan (such as UBS Financial Services, Inc. (“UBS”)), that these recipients may be located in the Participant’s country or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than the Participant’s country. The Participant understands that if the Participant resides outside the United States, he or she may request a list with the names and addresses of any potential recipients of Data by contacting the Participant’s local human resources representative. The Participant authorizes those receiving Data, including UBS or other possible recipients which may assist Tupperware (presently or in the future) with implementing, administering and managing the Plan, to receive, possess, use, retain and transfer Data, in electronic or other form, for the sole purpose of implementing, administering and managing Participant’s participation in the Plan, including any requisite transfer of such Data as may be required to a broker or other third party with whom Participant may elect to deposit any Shares acquired upon exercise of the Stock Option. The Participant understands that Data will be held only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan. The Participant understands that if the Participant resides outside the United States, he or she may, at any time, view Data, request information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting the Participant’s local human resources representative. Further, the Participant understands that he or she is providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if the Participant later seeks to revoke his or her consent, his or her employment or service with the Employer will not be affected; the only consequence of refusing or withdrawing the Participant’s consent is that Tupperware would not be able to grant the Participant Stock Options or other equity awards or administer or maintain such awards. Therefore, the Participant understands that refusing or withdrawing his or her consent may affect the Participant’s ability to participate in the Plan. For more information on the consequences of Participant’s refusal to consent or withdrawal of consent, Participant understands that he or she may contact his or her local human resources representative.

Exhibit 10.9

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

9. Recovery of Award. In the event it is determined that Tupperware’s previously reported financial results have been misstated due to the error, omission, fraud or other misconduct of an employee of Tupperware or any of its subsidiaries (“Employee Actions”), including a misstatement that leads to a restatement of previously issued financial statements, any previous delivery of Shares or grant of Stock Options of Tupperware which was made pursuant to any incentive compensation award, including any discretionary award, shall be subject to recovery and/or cancellation by Tupperware as the Compensation and Management Development Committee (the “Committee”) of the Board of Directors of Tupperware, in its sole discretion, shall in good faith determine. The Committee shall determine: (i) the amount to be recovered and/or cancelled; (ii) whether to seek repayment from a Participant or to reduce an amount otherwise payable to a Participant under any compensation plan, program or arrangement maintained by Tupperware, including the use of set off, subject to applicable law; (iii) the valuation of any Shares determined to be withheld from a Participant in connection with such an action; and (iv) whether to cancel outstanding Stock Options in connection with such an action and the valuation thereof for such purpose. The foregoing shall be subject to such changes as may be required from time to time by the NYSE listing manual or the applicable rules of the United States Securities and Exchange Commission.

10. Nature of Grant. In accepting the grant, the Participant acknowledges, understands and agrees that:

(a)the Plan is established voluntarily by Tupperware, it is discretionary in nature and it may be modified, amended, suspended or terminated by Tupperware at any time to the extent permitted by the Plan;

(b)the grant of the Stock Option is exceptional, discretionary, voluntary and occasional and does not create any contractual or other right to receive future grants of options, or benefits in lieu of options, even if options have been granted in the past;

(c)all decisions with respect to future option grants, if any, will be at the sole discretion of Tupperware;

(d)the Stock Option grant and the Participant’s participation in the Plan will not create a right to employment with or be interpreted as forming an employment or service contract with Tupperware, the Employer or any other subsidiary or affiliate of Tupperware and shall not interfere with the ability of Tupperware, the Employer or any other subsidiary or affiliate or Tupperware, as applicable, to terminate the Participant’s employment or service relationship (if any);

(e)the Participant is voluntarily participating in the Plan;

(f)the Stock Option and any Shares acquired under the Plan, and the income from and value of same, are not intended to replace any pension rights or compensation;

(g)the Stock Option and any Shares acquired under the Plan and the income from and value of same, are not part of normal or expected compensation or salary for purposes of calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, holiday pay, bonuses, long-service awards, pension or retirement or welfare benefits or similar mandatory payments;

(h)unless otherwise agreed with Tupperware, the Stock Option and any Shares acquired under the Plan, and the income from and value of same, are not granted as consideration for, or in connection with, the service that the Participant may provide as a director of a subsidiary or affiliate of Tupperware;

(i)the future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty;

(j)if the underlying Shares do not increase in value, the Stock Option will have no value;

(k)if the Participant exercises his or her Stock Option and obtains Shares, the value of those Shares acquired upon exercise may increase or decrease in value, even below the Option Price; and

(l)no claim or entitlement to compensation or damages shall arise from forfeiture of the Stock Option or the recovery of Shares or cash acquired pursuant to the Stock Option resulting from the termination of the Participant’s employment or other service relationship (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of his or her employment agreement, if any), and/or the application of any recovery policy as described in Section 9 hereof;

Exhibit 10.9

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

(m)for purposes of the Stock Option, the Participant’s employment or service relationship will be considered terminated as of the date the Participant is no longer actively providing services to Tupperware or one of its subsidiaries or affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any), and unless otherwise expressly provided in this Agreement or determined by Tupperware in accordance with the terms of the Plan, (i) the Participant’s right to vest in the Stock Option under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g., the Participant’s period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any); and (ii) the period (if any) during which the Participant may exercise the Stock Option after such termination of the Participant’s employment or service relationship will commence on the date the Participant cease to actively provide services and will not be extended by any notice period mandated under employment laws in the jurisdiction where the Participant is employed or terms of the Participant’s employment agreement, if any; the Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of his or her Stock Option grant (including whether the Participant may still be considered to be providing services while on a leave of absence, including a period of “garden leave”);

(n)unless otherwise provided in the Plan or by Tupperware in its discretion, the Stock Option and the benefits evidenced by this Agreement do not create any entitlement to have the Stock Option or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and

(o)the following provisions apply only if the Participant is providing services outside the United States:

(1)the Stock Option and the underlying Shares, and the income from and value of same, are not part of normal or expected compensation or salary for any purpose; and

(2)the Participant acknowledges and agrees that neither Tupperware, nor the Employer nor any subsidiary or affiliate of Tupperware shall be liable for any foreign exchange rate fluctuation between the Participant’s local currency and the United States Dollar that may affect the value of the Stock Option or of any amounts due to the Participant pursuant to the exercise of the Stock Option or the subsequent sale of any Shares acquired upon exercise.

11. Protecting the Interests of Tupperware. During the Participant’s employment, and for a period of 12 months following employment, the Participant agrees not to (i) divulge information related to the operation of the business,  (ii) seek or accept employment from a Competitor (defined for purposes of this provision as any other business or enterprise which is engaged in the sales of products or services similar to those of Tupperware or is engaged in the direct sales of products or services to the consuming public, or primarily to the business’ own sales force members), (iii) solicit, directly or indirectly, any actively employed employee (including persons who have been employees of Tupperware or its subsidiaries or affiliates during the 12 months immediately before and after termination of the Participant) of Tupperware or its subsidiaries or affiliates, (iv) solicit, directly or indirectly, any member of the independent sales force of Tupperware or its subsidiaries or affiliates to become an employee or independent sales force member of a Competitor, or (v) copy or counterfeit, or assist another person in copying or counterfeiting, any Tupperware Brands product. The Participant agrees to return immediately following termination of employment, any and all documents and/or hardware or software items provided by Tupperware or its subsidiaries or affiliates for the purpose of completing tasks associated with performing his or her role. Finally, the Participant acknowledges that Tupperware participates in a business that is highly competitive, and that acceptance of these terms is reasonable in light of the award of potential compensation, whether received or not, under this program. In addition to any equitable remedies that Tupperware may have with regard to this provision, a breach of this paragraph shall result in an immediate forfeiture of the Participant’s rights under this Stock Option. The foregoing notwithstanding, nothing in this Agreement prohibits the Participant from (a) reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the Department of Justice, the Securities and Exchange Commission, Congress, and any agency Inspector General, (b) making other disclosures that are protected under the whistleblower provisions of federal law or regulation, or (c) applying for or receiving any monetary award from a whistleblower award program of any governmental agency or entity with respect to the furnishing of information to a governmental agency or entity.

12. Violation of Terms and Recoupment. Any violation of the terms of Section 11 or default under any associated agreement shall result in an automatic termination and forfeiture of the underlying Stock Option, and may lead Tupperware to take action to recoup damages caused by such violation.

Exhibit 10.9

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

13. No Advice Regarding Grant. Tupperware is not providing any tax, legal or financial advice, nor is Tupperware making any recommendations regarding the Participant’s participation in the Plan, or the Participant’s acquisition or sale of the underlying Shares. Participant should consult with his or her own personal tax, legal and financial advisors regarding his or her participation in the Plan before taking any action related to the Plan.The Participant shall rely solely on such advisors and not on any statements or representations of Tupperware or any of its agents.

14. Governing Law and Venue. The Stock Option grant and the provisions of this Agreement are governed by, and subject to, the laws of the State of Delaware, as provided in the Plan. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Stock Option or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of Delaware, agree that such litigation shall be conducted exclusively in the courts of Delaware, or the federal courts for the United States located in Delaware.

15. Electronic Delivery and Acceptance. Tupperware may, in its sole discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by Tupperware or another third party designated by Tupperware.

16. Severability. The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable.

17. Notices. All notices hereunder to Tupperware shall be delivered or mailed to the Corporate Secretary of Tupperware at its headquarters office. All notices hereunder to the Participant shall be delivered personally or mailed to the Participant’s address as indicated on his or her online UBS account, unless the Participant notifies Tupperware in writing of a change of address at hrorl@tupperware.com.

18. Language. If the Participant has received this Agreement or any other document related to the Plan translated into a language other than English and if the meaning of translated version is different from the English version, the English version shall control.

19.Insider Trading Restrictions/Market Abuse Laws. The Participant acknowledges that the Participant may be subject to insider trading restrictions and/or market abuse laws in applicable jurisdictions, including the United States and the Participant’s country (if different), which may affect his or her ability to acquire or sell Shares or rights to Shares (e.g., the Stock Option) under the Plan during such times as the Participant is considered to have “inside information” regarding Tupperware (as defined by the laws in the applicable jurisdictions, including the United States and the Participant’s country of residence). Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Tupperware insider trading policy. The Participant is responsible for ensuring compliance with any applicable restrictions and should consult his or her personal legal advisor on this matter. For the avoidance of doubt, under the terms of this Agreement, the Stock Option may not be sold, assigned, transferred, pledged or otherwise encumbered, except as provided in Section 7(a) of this Agreement in the event of the Participant’s death.

20. Foreign Asset/Account Reporting; Exchange Control. The Participant’s country may have certain foreign asset and/or account reporting requirements and/or exchange controls which may affect the Participant’s ability to acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside the Participant’s country. The Participant may be required to report such accounts, assets or transactions to the tax or other authorities in his or her country. The Participant also may be required to repatriate sale proceeds or other funds received as a result of the Participant’s participation in the Plan to his or her country through a designated bank or broker and/or within a certain time after receipt. The Participant acknowledges that it is his or her responsibility to be compliant with such regulations, and the Participant should consult his or her personal legal advisor for any details.

21. Appendix. Notwithstanding any provisions in this Agreement, the Stock Option shall be subject to any special terms and conditions set forth in any Appendix to this Agreement for the Participant’s country. Moreover, if the Participant relocates to one of the countries included in the Appendix, the special terms and conditions for such country shall apply to the Participant, to the extent that Tupperware determines that the application of such terms and conditions is necessary or advisable for legal or administrative reasons. The Appendix constitutes part of this Agreement.

Exhibit 10.9

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

22. Imposition of Other Requirements. Tupperware reserves the right to impose other requirements on the Participant’s participation in the Plan, on the Stock Option and on any Shares purchased upon exercise of the Stock Option, to the extent Tupperware determines it is necessary or advisable for legal or administrative reasons, and to require the Participant to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

23. Compliance with Law. Notwithstanding any other provision of the Plan or this Agreement, unless there is an available exemption from any registration, qualification or other legal requirement applicable to the Shares, Tupperware shall not be required to deliver any Shares issuable upon exercise of the Stock Option prior to the completion of any registration or qualification of the Shares under any local, state, federal or foreign securities or exchange control law or under rulings or regulations of the United States Securities and Exchange Commission or of any other governmental regulatory body, or prior to obtaining any approval or other clearance from any local, state, federal or foreign governmental agency, which registration, qualification or approval Tupperware shall, in its absolute discretion, deem necessary or advisable. The Participant understands that Tupperware is under no obligation to register or qualify the Shares with the United States Securities and Exchange Commission or any state or foreign securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of the Shares. Further, Tupperware shall have unilateral authority to amend the Plan and the Agreement without the Participant’s consent to the extent necessary to comply with securities or other laws applicable to issuance of Shares.

24. Waiver. The Participant acknowledges that a waiver by Tupperware of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or any subsequent breach by the Participant or any other participant.

The parties confirm this Agreement effective as of the Grant Date and have executed it on the date it was accepted online.

Tupperware Brands Corporation

Thomas M. Roehlk            

Executive Vice President,            

Chief Legal Officer and Secretary

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

TERMS AND CONDITIONS

This Appendix includes additional terms and conditions that govern the Stock Option granted under the Plan if the Participant is or becomes subject to the laws of any of the countries listed below. Certain capitalized terms used but not defined herein shall have the meanings ascribed to them in the Plan and/or the applicable Non-Qualified Stock Option Grant Agreement (the “Agreement”).

NOTIFICATIONS

This Appendix also contains notifications relating to exchange control and certain other issues of which the Participant should be aware with respect to his or her participation in the Plan. The information is based on the exchange control, securities or other laws or regulations in effect in the countries listed in this Appendix as of October 2016. Such laws are often complex and change frequently. Because the information may be outdated when the Participant vests in the Stock Option, exercises the Stock Option and acquires Shares or when the Participant subsequently sells shares acquired under the Plan, Tupperware strongly recommends that the Participant not rely on the notifications provided in this Appendix as the only source of information relating to the participation in the Plan.

In addition, the notifications are general in nature and may not apply to the Participant’s particular situation, and Tupperware is not in a position to assure the Participant of any particular result. Accordingly, the Participant should seek appropriate professional advice as to how relevant laws in the Participant’s country may apply to the Participant’s particular situation. Finally, if the Participant is a citizen or resident of a country other than the one in which he or she is currently working and/or residing, is considered a resident of another country for local law purposes or transfers employment and/or moves to a different country after the Grant Date, the information contained in this Appendix may not be applicable to the Participant and Tupperware shall, in its sole discretion, determined to what extent the terms and conditions or notifications contained herein shall be applicable to the Participant.

BRAZIL

TERMS AND CONDITIONS

Compliance with Law. In accepting the Stock Option, the Participant acknowledges his or her agreement to comply with all applicable Brazilian laws and to report and pay any and all applicable tax associated with the Stock Option, the receipt of any dividends and the sale of the Shares acquired under the Plan.

Nature of Grant. The following provision supplements Section 10 of the Agreement:

The Participant agrees that, for all legal purposes, (a) the benefits provided to the Participant under the Plan are the result of commercial transactions unrelated to the Participant’s employment; (b) the Plan is not a part of the terms and conditions of the Participant’s employment; and (c) the income from the Stock Option or shares of Stock acquired under the Plan, if any, is not part of the Participant’s remuneration from employment.

By accepting the Stock Option, the Participant further agrees that (i) he or she is making an investment decision, (ii) the Stock Option will become exercisable only if the vesting conditions are met and any necessary services are rendered by the Participant over the vesting period and (iii) the value of the underlying Shares is not fixed and may increase or decrease in value over the vesting period without compensation to the Participant.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

NOTIFICATIONS

Foreign Asset/Account Reporting Information. If the Participant holds assets and rights outside Brazil with an aggregate value equal to or in excess of US$100,000, he or she will be required to prepare and submit to the Central Bank of Brazil an annual declaration of such assets and rights, including: (i) bank deposits; (ii) loans; (iii) financing transactions; (iv) leases; (v) direct investments; (vi) portfolio investments, including Shares acquired under the Plan; (vii) financial derivatives investments; and (viii) other investments, including real estate and other assets. Please note that foreign individuals holding Brazilian visas are considered Brazilian residents for purposes of this reporting requirement and must declare at least the assets held abroad that were acquired subsequent to the date of admittance as a resident of Brazil. Individuals holding assets and rights outside Brazil valued at less than US$100,000 are not required to submit a declaration. Please note that the US$100,000 threshold may be changed annually.

Tax on Financial Transactions (IOF). Payments to foreign countries (including the payment of the aggregate Option Price) and repatriation of funds into Brazil and the conversion of BRL to USD associated with such fund transfers may be subject to the Tax on Financial Transactions (IOF). It is the Participant’s responsibility to comply with any applicable Tax on Financial Transactions arising from participation in the Plan.

FRANCE

TERMS AND CONDITIONS

Language Consent. The following provision supplements Section 18 of the Agreement:

By accepting the Agreement, the Participant confirms that he or she has read and understood the documents relating to the Stock Option (i.e., the Plan and the Agreement, including this Appendix), which were provided in the English language. The Participant accepts the terms of these documents accordingly.

Consentement relatif à la langue utilisée. En signant et en renvoyant les Termes de l’Attribution, le Bénéficiaire confirme qu’il ou qu’elle a lu et compris les documents afférents aux l’Option (i.e., le Plan et les Termes de l’Attribution, ainsi que la présente Annexe) qui ont été communiqués en langue anglaise. Le Bénéficiaire accepte les termes de ces documents en connaissance de cause.

NOTIFICATIONS

Tax Information. The Stock Option is not intended to be a tax-qualified Stock Option.

Foreign Asset/Account Reporting Information. All shares of Stock held outside of France and any foreign bank and brokerage accounts (including any accounts that were opened or closed during the tax year) must be reported on an annual basis on form No. 3916, together with the personal income tax return. Failure to complete this reporting may trigger penalties. Additional monthly reporting obligations may apply to foreign account balances exceeding €1,000,000.

GERMANY

NOTIFICATIONS

Exchange Control Information. Cross-border payments in excess of €12,500 must be reported monthly to the Deutsche Bundesbank (the German Central Bank). The Participant is responsible for complying with the reporting obligation and should file the report electronically by the fifth day of the month following the month in which the payment is made. A copy of the form can be accessed via the Deutsche Bundesbank’s website at www.bundesbank.de and is available in both German and English. However, if the Participant uses a German commercial bank to effectuate such cross-border payment, such bank will make the report on the Participant’s behalf.

In the unlikely event that the Participant holds Shares representing 10% or more of the total capital or voting rights of Tupperware, he or she must report his or her holdings in Tupperware on an annual basis.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

GREECE

NOTIFICATIONS

Exchange Control Information. In order to remit funds out of Greece to exercise the Stock Option by way of a cash exercise, the Participant may need to complete an application form with the foreign exchange bank handling the transaction. If the Stock Option is exercised by way of a cashless method of exercise, this application is not required, as no funds are remitted out of Greece.

INDIA

TERMS AND CONDITIONS

Payment of the Option Price. This provisions supplements Section 4 of the Agreement:

Due to exchange control restrictions in India, payment of the Option Price may not be made by a cashless sell-to-cover exercise, whereby the Participant delivers a properly executed notice together with irrevocable instructions to a broker to sell some (but not all) of the Shares subject to the exercised portion of the Stock Option and deliver promptly to Tupperware the amount of sale proceeds to pay the Option Price (and any Tax-Related Items). However, payment of the Option Price may be made by any other method of payment set forth in the Agreement.  Further, Tupperware reserves the right to provide the Participant with additional methods of payment depending upon the development of local law.

NOTIFICATIONS

Exchange Control Information. Exchange control laws and regulations in India require that all proceeds resulting from the sale of Shares and any dividends received in relation to the Stock Option or the Shares must be repatriated to India and converted into local currency within 90 days of the sale of Shares and within 180 days from the receipt of any dividends. Indian residents must obtain a foreign inward remittance certificate (“FIRC”) from the bank into which foreign currency is deposited and retain the FIRC as evidence of the repatriation of funds in the event that the Reserve Bank of India or the Employer requests proof of repatriation.

Foreign Asset/Account Reporting Information. Foreign bank accounts and any foreign financial assets (including Shares held outside India) must be reported in the annual Indian ‘personal tax return.  It is the Participant’s responsibility to comply with this reporting obligation and the Participant should consult his or her personal advisor in this regard as significant penalties may apply in the case of non-compliance with foreign asset/account reporting requirements and because such requirements may change.

INDONESIA

TERMS AND CONDITIONS

Payment of the Option Price. This provisions supplements Section 4 of the Agreement:

To facilitate compliance with securities laws in Indonesia, payment of the Option Price must be made by delivery of a properly executed notice together with irrevocable instructions to a broker to sell all of the Shares subject to the exercised portion of the Stock Option and deliver promptly to Tupperware the amount of sale proceeds to pay the Option Price (and any Tax-Related Items). No other methods of payment will be permitted in Indonesia. However, Tupperware reserves the right to provide the Participant with additional methods of payment depending upon the development of local law.

NOTIFICATIONS

Exchange Control Information. Indonesian residents must provide the Indonesian central bank, Bank Indonesia, with information on foreign exchange activities. The filing should be completed online through Bank Indonesia’s website no later than the 15th day of the following month. This is a new requirement and further implementing regulations may be issued by Bank Indonesia detailing how the reporting should be completed.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

In addition, for foreign currency transactions, there is a statistical reporting requirement when the Indonesian Bank is receiving Rupiah or foreign currency (e.g., proceeds from the sale of Shares acquired under the Plan, dividends). For the purpose of submitting the report to Bank Indonesia, the Indonesian bank executing the transaction will request information and/or supporting documents from the Participant and he or she must provide the requested information and/or supporting documents to the bank.

JAPAN

NOTIFICATIONS

Exchange Control Information. Japanese residents purchasing Shares valued at more than ¥100,000,000 in a single transaction must file a Securities Acquisition Report with the Ministry of Finance through the Bank of Japan within 20 days of purchasing the shares.

In addition, a Japanese-resident Participant paying more than ¥30,000,000 in a single transaction for the purchase of Shares when he or she exercises the Stock Option must file a Payment Report with the Ministry of Finance through the Bank of Japan by the 20th day of the month following the month in which the payment was made. The precise reporting requirements vary depending on whether the relevant payment is made through a bank in Japan.

A Payment Report is required independently of a Securities Acquisition Report. Therefore, if the total amount paid in a one-time transaction to exercise the Stock Option and purchase Shares exceeds ¥100,000,000, both a Payment Report and a Securities Acquisition Report must be filed.

Foreign Asset/Account Reporting Information.  Details of assets held outside Japan (e.g., Shares) with a total value exceeding ¥50,000,000 (as of December 31 each year) must be reported annually to the tax authorities. The report will be due March 15 of the following year. The Participant should consult with his or her personal tax advisor in Japan to ensure compliance with these obligations.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

MALAYSIA

TERMS AND CONDITIONS

Data Transfer and Privacy. The following provision replaces Section 6 of the Agreement:

The Participant hereby explicitly, voluntarily and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this Appendix and any other grant materials by and among, as applicable, the Employer, Tupperware (or any subsidiary or affiliate) and any third parties authorised by the same in assisting in the implementation, administration and management of the Participant’s participation in the Plan.

Peserta dengan ini secara eksplisit, sukarela dan tanpa sebarang keraguan mengizinkan pengumpulan, penggunaan dan pemindahan, dalam bentuk elektronik atau lain-lain, data peribadinya seperti yang diterangkan dalam Lampiran dan apa-apa bahan geran oleh dan di antara, seperti mana yang terpakai, Majikan, Tupperware (atau anak syarikat atau syarikat sekutu) dan mana-mana pihak ketiga yang diberi kuasa oleh yang sama dalam membantu dalam pelaksanaan, pentadbiran dan pengurusan penyertaan Peserta dalam Pelan.

The Participant understands that Tupperware and the Employer may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, email address, date of birth, social insurance number (to the extent permitted under Malaysian law), passport or other identification number, salary, nationality, job title, any Shares or directorships held in Tupperware, the fact and conditions of the Participant’s participation in the Plan, details of all options or equivalent benefits and any other entitlement to Shares awarded, cancelled, exercised, vested, unvested, purchased or outstanding in the Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and managing the Plan. The source of Data is the Participant’s Employer as well as information which the Participant is providing to Tupperware and the Employer in connection with the Plan including this Appendix.

Peserta memahami bahawa Tupperware dan Majikan mungkin memegang maklumat peribadi tertentu tentang Peserta, termasuk, tetapi tidak terhad kepada, nama Peserta, alamat rumah dan nombor telefon, alamat emel, tarikh lahir, nombor insurans sosial (setakat yang dibenarkan bawah undang-undang Malaysia) atau nombor pengenalan lain, gaji, kewarganegaraan, jawatan, apa-apa Saham atau jawatan pengarah yang dipegang dalam Tupperware, fakta dan syarat-syarat mengenai penyertaan Peserta dalam Pelan, butir-butir tentang semua opsyen atau manfaaat yang bersamaan dan apa-apa hak lain untuk Saham yang dianugerahkan, dibatalkan, dilaksanakan, terletak hak, tidak diletak hak, dibeli ataupun yang belum dijelaskan bagi faedah Peserta (“Data”), untuk tujuan ekslusif bagi melaksanakan, mentadbir dan menguruskan Pelan tersebut. Sumber Data adalah daripada Majikan Peserta dan juga maklumat dimana Peserta menyediakan kepada Tupperware dan Majikan berhubung dengan Pelan tersebut termasuk Lampiran ini.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

The Participant also authorizes any transfer of Data, as may be required, to UBS or such other stock plan service provider as may be selected by Tupperware in the future, which is assisting Tupperware with the implementation, administration and management of the Plan and/or with whom any Shares acquired upon exercise of the Stock Option are deposited.  The Participant acknowledges that these recipients may be located in the Participant’s country or elsewhere, and that the recipient’s country (e.g., the United States) may have different data privacy laws and protections than the Participant’s country, which may not give the same level of protection to Data.  The Participant understands that the Participant may request a list with the names and addresses of any potential recipients of Data by contacting the Participant’s local human resources representative. The Participant authorizes Tupperware, UBS and any other possible recipients which may assist Tupperware (presently or in the future) with implementing, administering and managing the Participant’s participation in the Plan to receive, possess, use, retain and transfer Data, in electronic or other form, for the sole purpose of implementing, administering and managing the Participant’s participation in the Plan, including any requisite transfer of such Data as may be required to UBS or other third party with whom the Participant may elect to deposit any Shares acquired upon exercise of the Stock Option. The Participant understands that Data will be held only as long as is necessary to implement, administer and manage the Participant’s participation in the Plan. The Participant understands that he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case, without cost, by contacting the Participant’s local human resources representative, whose contact details are Kathy Chong, Senior HR Executive, Tupperware Malaysia, No. 6 Jalan SS 13/4, Subang Jaya Industrial Estate, 47500 Subang Jaya, Selangor, Malaysia.  Further, the Participant understands that he or she is providing the consents herein on a purely voluntary basis.  If the Participant does not consent, or if the Participant later seeks to revoke consent, the Participant’s employment or service with Tupperware and/or the Employer will not be affected; the only consequence of refusing or withdrawing consent is that Tupperware would not be able to grant future Stock Options or other equity awards to the Participant or administer or maintain such awards.  Therefore, the Participant understands that refusing or withdrawing consent may affect the Participant’s ability to participate in the Plan. For more information on the consequences of the Participant’s refusal to consent or withdrawal of consent, the Participant understands that he or she may contact his or her local human resources representative.  Peserta juga memberi kuasa mengenai apa-apa pemindahan Data, yang mungkin diperlukan, kepada UBS atau pembekal perkhidmatan pelan saham yang mungkin dipilih oleh Tupperware pada masa depan, yang membantu Tupperware dengan pelaksanaan, pentadbiran dan pengurusan Pelan dan/atau dengan siapa sahaja Saham yang diperolehi semasa pelaksanaan Opsyen Saham didepositkan. Peserta mengakui bahawa penerima-penerima ini mungkin berada di negara Peserta atau mana-mana tempat lain, dan bahawa negara penerima (contohnya di AmerikaSyarikat) mungkin mempunyai undang-undang privasi data dan perlindungan yang berbeza berbanding dengan negara Peserta, yang mungkin tidak memberi tahap perlindungan Data yang sama. Peserta memahami bahawa Peserta boleh meminta satu senarai yang mengandungi nama dan alamat penerima-penerima Data yang berpotensi dengan menghubungi wakil sumber manusia tempatan Peserta. Peserta memberi kuasa kepada Tupperware, UBS, dan mana-mana penerima-penerima lain yang mungkin membantu Tupperware (pada masa sekarang atau pada masa depan) dengan melaksanakan, mentadbir dan mengurus penyertaan Peserta dalam Pelan untuk menerima, memiliki, menggunakan, mengekalkan dan memindahkan Data, dalam bentuk elektronik atau lain-lain, semata-mata dengan tujuan untuk melaksanakan, mentadbir dan menguruskan penyertaan Peserta dalam Pelan, termasuk apa-apa pemindahan data yang diperlukan kepada UBS atau pihak ketiga yang lain dengan sesiapa yang Peserta pilih untuk deposit apa-apa Saham yang diperolehi selepas pelaksanaan Opsyen Saham. Peserta memahami bahawa Data hanya akan disimpan untuk tempoh yang perlu bagi melaksanakan, mentadbir dan menguruskan penyertaan Peserta dalam Pelan. Peserta memahami bahawa dia boleh, pada bila-bila masa, melihat Data, meminta maklumat tambahan mengenai penyimpanan dan pemprosesan Data, meminta bahawa pindaan-pindaan dilaksanakan ke atas Data atau menolak atau menarik balik persetujuan dalam ini, dalam mana-mana kes, tanpa kos, dengan menghubungi wakil sumber manusia tempatan Peserta, dimana butir-butir hubungan adalah Kathy Chong, Senior HR Executive, Tupperware Malaysia, No. 6 Jalan SS 13/4, Subang Jaya Industrial Estate, 47500 Subang Jaya, Selangor, Malaysia. Selanjutnya, Peserta memahami bahawa dia telah memberikan persetujuan di sini secara sukarela. Jika Peserta tidak bersetuju, atau jika Peserta kemudian membatalkan persetujuan, pekerjaan atau perkhidmatan Peserta dengan Tupperware dan / atau Majikan tidak akan terjejas; satu-satu akibatnya jika tidak bersetuju atau menarik balik persetujuan adalah bahawa Tupperware tidak akan dapat memberikan Opsyen Saham atau anugerah ekuiti yang lain kepada Peserta pada masa hadapan atau mentadbir atau mengekalkan anugerah tersebut. Oleh itu, Peserta memahami bahawa keengganan atau penarikan balik persetujuan boleh menjejaskan keupayaan Peserta untuk mengambil bahagian dalam Pelan. Untuk maklumat lanjut mengenai akibat keengganan Peserta untuk memberikan persetujuan atau penarikan balik persetujuan, Peserta memahami bahawa dia boleh menghubungi wakil sumber manusia tempatannya.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

NOTIFICATIONS

Director Notification Obligation. If the Participant is a director of Tupperware’s Malaysian subsidiary or affiliate, the Participant is subject to certain notification requirements under the Malaysian Companies Act. Among these requirements is an obligation to notify the Malaysian subsidiary or affiliate in writing when the Participant receives or disposes of an interest (e.g., an Award under the Plan or Shares) in Tupperware or any related company. Such notifications must be made within 14 days of receiving or disposing of any interest in Tupperware or any related company.

MEXICO

TERMS AND CONDITIONS

Nature of Grant. The following provisions supplement Section 10 of the Agreement:

Acknowledgement of the Grant. In accepting the Stock Option, the Participant acknowledges that the Participant has received a copy of the Plan and the Agreement, including this Appendix, has reviewed the Plan and the Agreement, including this Appendix, in their entirety and fully understands and accepts all provisions of the Plan and the Agreement, including this Appendix. The Participant further acknowledges that the Participant has read and specifically and expressly approves the terms and conditions of Section 10 of the Agreement, in which the following is clearly described and established:

(1)     The Participant’s participation in the Plan does not constitute an acquired right.

(2) The Plan and the Participant’s participation in the Plan are offered by Tupperware on a wholly discretionary basis.

(3)     The Participant’s participation in the Plan is voluntary.

(4) Neither Tupperware nor any subsidiary or affiliate of Tupperware is responsible for any decrease in the value of the Stock Option granted and/or Shares issued under the Plan.

Labor Law Acknowledgment and Policy Statement. In accepting the Stock Option, the Participant expressly recognizes that Tupperware, with registered offices at 14901 S. Orange Blossom Trail, Orlando, Florida, 32837, U.S.A., is solely responsible for the administration of the Plan and that the Participant’s participation in the Plan and purchase of Shares does not constitute an employment relationship between the Participant and Tupperware since the Participant is participating in the Plan on a wholly commercial basis and the Participant’s sole employer is either Tupperware Brands Mexico, S. de R.L. de C.V. (“Tupperware Brands Mexico”), Dart, S.A. de C.V. (“Tupperware-Mexico”) or House of Fuller Holdings S. de R.L. de C.V. (“Fuller-Mexico”). Based on the foregoing, the Participant expressly recognizes that the Plan and the benefits that the Participant may derive from participation in the Plan do not establish any rights between the Participant and the Employer, Tupperware Brands Mexico, Tupperware-Mexico or Fuller Mexico, and do not form part of the conditions of the Participant’s employment and/or benefits provided by Tupperware Brands Mexico, Tupperware-Mexico or Fuller-Mexico and any modification of the Plan or its termination shall not constitute a change or impairment of the terms and conditions of the Participant’s employment.

The Participant further understands that his or her participation in the Plan is as a result of a unilateral and discretionary decision of Tupperware; therefore, Tupperware reserves the absolute right to amend and/or discontinue the Participant’s participation in the Plan at any time, without any liability to the Participant.

Finally, the Participant hereby declares that the Participant does not reserve to himself or herself any action or right to bring any claim against Tupperware for any compensation or damages regarding any provision of the Plan or the benefits derived under the Plan, and the Participant therefore grants a full and broad release to Tupperware, its shareholders, officers, agents, legal representatives, and affiliates with respect to any claim that may arise.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

Spanish Translation

TÉRMINOS Y CONDICIONES

Naturaleza del Otorgamiento: Las siguientes disposiciones complementan el Artículo 10 del Acuerdo:

Reconocimiento del Otorgamiento. Al aceptar las Opciones de Acciones, el Participante reconoce que ha recibido una copia del Plan y del Acuerdo, incluyendo este Apéndice, ha revisado el Plan y el Acuerdo, incluyendo este Apéndice en su totalidad y plenamente comprende y acepta todas las disposiciones previstas en el Plan y el Acuerdo, incluyendo este Apéndice. Asimismo, el Participante reconoce que ha leído y específicamente y expresamente aprueba los términos y condiciones establecidos en la Sección 10 del Acuerdo, en el cual claramente se describe y establece lo siguiente:

(1)La participación del Participante en el Plan no constituye un derecho adquirido.

(2) El Plan y la participación del Participante en dicho Plan se ofrecen por la Tupperware de forma completamente discrecional.

(3) La participación del Participante en el Plan es voluntaria.

(4)Ni Tupperware ni sus subsidiarias o afiliadas son responsables por una reducción del valor de las Opciones de Acciones y/o Acciones emitidas bajo el Plan.

Reconocimiento de la Legislación Laboral y Declaración de la Política. Al aceptar el otorgamiento de las Opciones de Acciones, el Participante expresamente reconoce que Tupperware, con domicilio ubicado en 14901 S. Orange Blossom Trail, Orlando, Florida, 32837, U.S.A., es el único responsable de la administración del Plan y que la participación del Participante en el Plan y compra de Acciones no constituye una relación de trabajo entre el Participante y Tupperware, toda vez que la participación del Participante en el Plan es de carácter comercial y el único patrón del Beneficiario es Tupperware Brands Mexico, S. de R.L. de C.V. (“Tupperware Brands México”), Dart, S.A. de C.V. (“Tupperware-México”) o House of Fuller S. de R.L. de C.V. (“Fuller-Mexico”). Derivado de lo anterior, el Participante expresamente reconoce que el Plan y los beneficios que el Participante obtenga por la participación en el Plan no establecen derecho alguno entre el Participante y el Patrón, Tupperware Brands Mexico, Tupperware-México o Fuller Mexico, y no forman parte de las condiciones de los servicios del Participante y/o beneficios otorgados por Tupperware Brands Mexico, Tupperware-México o Fuller-Mexico y cualquier modificación del Plan o su terminación no constituyen un cambio o impedimento de los términos y condiciones del servicio del Participante.

Asimismo, el Participante reconoce que su participación en el Plan es el resultado de una decisión unilateral y discrecional por parte de Tupperware, por lo que, Tupperware se reserva el derecho absoluto de modificar y/o dar por terminada la participación del Participante en el Plan en cualquier momento, sin responsabilidad alguna hacia el Participante

Finalmente, el Participante manifiesta que no se reserva acción o derecho alguno que ejercitar en contra de Tupperware por cualquier daño o perjuicio con respecto a las disposiciones del Plan o los beneficios establecidos en el mismo, por lo que, el Participante otorga el finiquito más amplio que en derecho proceda a Tupperware, sus accionistas, funcionarios, agentes, representantes legales y afiliados en relación a cualquier demanda que pudiera surgir.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

SINGAPORE

Terms and Conditions

Restriction on Sale of Shares. To the extent the Stock Option vests within six months of the Date of Grant, the Participant may not dispose of the Shares issued at exercise of the Stock Option, or otherwise offer the Shares to the public, prior to the six-month anniversary of the Date of Grant, unless such sale or offer is made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the Securities and Futures Act (Chap. 289, 2006 Ed.) (“SFA”).

Notifications

Securities Law Information.The Stock Option is being granted to the Participant pursuant to the “Qualifying Person” exemption under section 273(1)(f) of the SFA and is not made with a view to the Stock Option or underlying Shares being subsequently offered for sale to any other party. The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore.

Chief Executive Officer and Director Notification Obligation. If the Participant is the Chief Executive Officer (“CEO”) or a director, associate director or shadow director of Tupperware or a Singapore subsidiary or affiliate of Tupperware, the Participant is subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify Tupperware or the Singaporean subsidiary or affiliate in writing when the Participant receives an interest (e.g., a Stock Option, Shares) in Tupperware or any related companies. Please contact Tupperware to obtain a copy of the notification form. In addition, the Participant must notify Tupperware or the Singapore subsidiary or affiliate when the Participant sells Shares of Tupperware or any related corporation (including when the Participant sell Shares acquired under the Plan). These notifications must be made within two business days of acquiring or disposing of any interest in Tupperware or any related corporation. In addition, a notification must be made of the Participant’s interests in Tupperware or any related corporation within two business days of becoming the CEO or a director.

SOUTH AFRICA

TERMS AND CONDITIONS

Taxes. The following provision supplements Section 6 of the Agreement:

By accepting the Stock Option, the Participant agrees that, immediately upon exercise and settlement of the Stock Option, the Participant will notify the Employer of the amount of any gain realized at exercise. If the Participant fails to advise the Employer of the gain realized, the Participant may be liable for a fine. The Participant will be solely responsible for paying any difference between the actual liability for Tax-Related Items and the amount withheld.

Tax Clearance Certificate for Cash Exercises. If the Participant exercises the Stock Option by a cash exercise, the Participant must obtain and provide to his or her Employer, or any third party designated by his or her Employer or Tupperware, a Tax Clearance Certificate (with respect to Foreign Investments) bearing the official stamp and signature of the Exchange Control Department of the South African Revenue Service (“SARS”). The Participant must renew this Tax Clearance Certificate every twelve months, or in such other period as may be required by the SARS. If the Participant exercises the Stock Option by a cashless exercise whereby no funds are remitted offshore for the purchase of Shares, no Tax Clearance Certificate is required.

Deemed Acceptance of Stock Option. Pursuant to Section 96 of Companies Act 71 of 2008 (the “Companies Act”), the Stock Option offer must be finalized within six months following the date the offer is communicated to the Participant. If the Participant does not want to accept the Stock Option, the Participant is required to decline the Stock Option no later than six months following the date the offer is communicated to the Participant. If the Participant does not reject the Stock Option within six months following the date the offer is communicated to the Participant, the Participant will be deemed to accept the Stock Option.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

NOTIFICATIONS

Securities Notification. Neither the Stock Options nor the underlying Shares shall be publicly offered or listed on any stock exchange in South Africa. The offer is intended to be private pursuant to Section 96 of the Companies Act and is not subject to the supervision of any South African governmental authority.

Exchange Control Information. Under current South African exchange control policy, if the Participant is a South African resident, the Participant may invest a maximum of ZAR11,000,000 per annum in offshore investments, including in Shares. The first ZAR1,000,000 annual discretionary allowance requires no prior authorization. The next ZAR10,000,000 requires tax clearance. This limit does not apply to non-resident employees. It is the Participant’s responsibility to ensure that he or she does not exceed this limit and obtains the necessary tax clearance for remittances exceeding ZAR1,000,000. This limit is a cumulative allowance; therefore, the Participant’s ability to remit funds for a cash exercise will be reduced if the Participant’s foreign investment limit is utilized to make a transfer of funds offshore that is unrelated to the Plan. If the ZAR10,000,000 limit will be exceeded as a result of an exercise, the Participant may still participate in the Plan and exercise his or her Stock Option, however he or she will be required to immediately sell the Shares acquired at exercise and repatriate the proceeds to South Africa. If the ZAR10,000,000 limit is not exceeded, the Participant will not be required to immediately repatriate the sale proceeds to South Africa.

Because exchange control regulations are subject to frequent change, sometimes without notice, the Participant should consult his or her personal legal advisor prior to the exercise of the Stock Option to ensure compliance with current regulations. The Participant is solely responsible for ensuring compliance with all exchange control laws in South Africa.

SPAIN

TERMS AND CONDITIONS

Nature of Grant. The following provision supplements Section 10 of the Agreement:

In accepting the Stock Option, the Participant acknowledges that he or she consents to participation in the Plan and has received a copy of the Plan.

The Participant understands and agrees that, as a condition of the grant of the Stock Option, except as provided for in Section 7 of the Agreement, the termination of the Participant’s employment for any reason (including for the reasons listed below) will automatically result in the cancellation and loss of any portion of the Stock Option that has not vested on the date of termination.

In particular, the Participant understands and agrees that any unvested portion of the Stock Option will be cancelled without entitlement to the underlying Shares or to any amount as indemnification if the Participant’s employment is terminated prior to vesting by reason of, including, but not limited to: disability, resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or recognized to be without good cause (i.e., subject to a “despido improcedente”), individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985.

Furthermore, the Participant understands that Tupperware has unilaterally, gratuitously and discretionally decided to grant Stock Options under the Plan to individuals who may be employees of Tupperware or any subsidiary or affiliate of Tupperware throughout the world. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind Tupperware or any subsidiary or affiliate of Tupperware on an ongoing basis. Consequently, the Participant understands that the Stock Option is granted on the assumption and condition that the Stock Option and the Shares issued upon exercise of the Stock Option shall not become a part of any employment or other contract (with Tupperware, the Employer, or any subsidiary or affiliate of Tupperware) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any other right whatsoever. In addition, the Participant understands that the Stock Option would not be granted to the Participant but for the assumptions and conditions referred to above; thus, the Participant acknowledges and freely accepts that should any or all of the assumptions be mistaken or should any of the conditions not be met for any reason, then any Stock Option grant shall be null and void.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

NOTIFICATIONS

Securities Law Notification. The Stock Option described in the Agreement (including this Appendix) does not qualify under Spanish regulations as a security.  No “offer of securities to the public,” as defined under Spanish law, has taken place or will take place in the Spanish territory. The Agreement (including this Appendix) has not been nor will it be registered with the Comisión Nacional del Mercado de Valores, and it does not constitute a public offering prospectus.

Exchange Control Information. The acquisition of Shares under the Plan must be declared for statistical purposes to the Spanish Dirección General de Comercio e Inversiones (the “DGCI”), the Bureau for Commerce and Investments, which is a department of the Ministry of Economy and Competiveness. The Participant must also declare ownership of any Shares with the Directorate of Foreign Transactions each January while the Shares are owned. In addition, the sale of any Shares must be declared on Form D-6 filed with the DGCI in January, unless the sale proceeds exceed the applicable threshold (currently €1,502,530), in which case, the filing is due within one month after the sale.

When receiving foreign currency payments derived from the ownership of Shares (i.e., sale proceeds), the Participant must inform the financial institution receiving the payment of the basis upon which such payment is made if the payment exceeds €50,000. The Participant will need to provide the following information: (i) the Participant’s name, address, and fiscal identification number; (ii) the name and corporate domicile of Tupperware; (iii) the amount of the payment and the currency used; (iv) the country of origin; (v) the reasons for the payment; and (vi) further information that may be required.

In addition, the Participant may be required to declare electronically to the Bank of Spain any foreign accounts (including brokerage accounts held abroad), any foreign instruments (including any Shares acquired under the Plan) and any transactions with non-Spanish residents (including any payments of Shares made to the Participant by Tupperware) depending on the value of such accounts and instruments and the amount of the transactions during the relevant year as of December 31 of the relevant year.

Foreign Asset/Account Reporting Information. If the Participant holds rights or assets (e.g., Shares or cash held in a bank or brokerage account) outside of Spain with a value in excess of €50,000 per type of right or asset (e.g., Shares, cash, etc.) as of December 31 each year, the Participant is required to report certain information regarding such rights and assets on tax form 720.  After such rights and/or assets are initially reported, the reporting obligation will apply for subsequent years only if the value of any previously-reported rights or assets increases by more than €20,000 or if the ownership of the asset is transferred or relinquished during the year.  The reporting must be completed by the March 31 each year. 

SWITZERLAND

NOTIFICATIONS

Securities Law Notification. The Stock Option is considered a private offering in Switzerland; therefore, it is not subject to registration in Switzerland. Neither this document nor any other materials relating to the Stock Option (a) constitutes a prospectus as such term is understood pursuant to article 652a of the Swiss Code of Obligations, (b) may be publicly distributed or otherwise made publicly available in Switzerland or (c) has been or will be filed with, approved or supervised by any Swiss regulatory authority (in particular, the Swiss Financial Market Supervisory Authority (FINMA))..

TURKEY

TERMS AND CONDITIONS

Payment of the Option Price. This provisions supplements Section 4 of the Agreement:

To facilitate compliance with exchange control laws in Turkey, Tupperware reserves the right to restrict the payment of the Option Price to a cashless-sell-all exercise or such other method of exercise Tupperware deems appropriate under local law.

Exhibit 10.9

APPENDIX OF SPECIAL TERMS AND CONDITIONS FOR

TUPPERWARE BRANDS CORPORATION

2016 INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT AGREEMENT

NOTIFICATIONS

Securities Law Information. Stock Options are made available only to employees of Tupperware and its subsidiaries and affiliates, and the offer of participation in the Plan is a private offering. Under Turkish law, the Participant is not permitted to sell Shares acquired under the Plan in Turkey. The Shares are currently traded on the NYSE, which is located outside of Turkey, under the ticker symbol “TUP” and the shares may be sold through this exchange.

Exchange Control Information. Under Turkish law, Turkish residents are permitted to purchase and sell securities or derivatives traded on exchanges abroad only through a financial intermediary licensed in Turkey.  Therefore, the Participant may be required to appoint a Turkish broker to assist with the exercise of the Stock Option or sale of the Shares acquired under the Plan.  The Participant should consult his or her personal legal advisor before exercising the Stock Option or selling any Shares acquired under the Plan to confirm the applicability of this requirement to the Participant.

UNITED STATES OF AMERICA

There are no country-specific provisions.

EX-21

Exhibit 21

Active Subsidiaries

Subsidiary Information System

As of: February 28, 2017

The following subsidiaries are wholly-owned by the registrant or another subsidiary of the Registrant.

Academia de Negocios S/C Ltda.

Administradora Dart, S. de R.L. de C.V.

Armand Dupree, Inc.

Avroy Shlain Cosmetics (Botswana) (P

Avroy Shlain Cosmetics (Namibia) (Pty

Avroy Shlain Cosmetics (Pty) Ltd.

BBVA Bancomer Trust

BC International Cosmetic & Image Services

BeautiControl Cosméticos Do Brasil Ltda

BeautiControl, Inc.

Beauty Products, Inc.

CAV Sul Centro de Apoio de Vendas de Produtos

Centro de Distribuicao Mineira de Produtos de Plasticos Ltda.    

Centro de Distribuicao RS Ltda.

Centro Oeste Distribuidora de Produtos

CH Laboratories Pty Ltd

Corcovado-Plast Distribuidora de Artigos Domesticos Ltda.    

Cosmetic Manufacturers Pty. Ltd.

Dart de Venezuela, C.A.

Dart do Brasil Industria e Comercio Ltd

Dart Industries (New Zealand) Limited

Dart Industries Hong Kong Limited

Dart Industries Inc.

Dart Latin America Financing LLC

Dart Manufacturing India Pvt. Ltd.

Dart, S.A. de C.V.

Dartco Manufacturing Inc.

Deerfield Cinque Terre, LLC

Deerfield Crosslands, LLC

Deerfield Land Corporation

Diecraft Australia Pty. Ltd.

Distribuidora Baiana de Produtos Plasticos Ltda.

Distribuidora Comercial Nordeste de Produtos Plasticos Ltda.

Distribuidora Comercial Paulista de Plasticos Ltda.

Distribuidora Esplanada de Produtos Plasticos Ltda.        

FC Mexican Consulting, S. de R.L. de C.V.    

Fuller Beauty Cosmetics de México, S.    

Fuller Beauty Cosmetics S. C.V.

Fuller Beauty Cosmetics Trainee, S. de R.L. de C.V.    

Fuller Cosmetics - Venda Direta de Cosmeticos Ltda.    

Fuller Cosmetics, S.A. de C.V.    

House of Fuller S de RL de CV

Inmobiliaria Meck-Mex SA de CV    

International Investor, Inc.

Inversiones TWPT, C.A.

Japan Tupperware Co., Ltd.

Latin America Investments, Inc.

NaturCare Japan KK

Newco Logistica e Participacoes Ltda.

NM Holdings (New Zealand)

NuMet Holdings Pty. Ltd.

Nutrimetics Australia Pty. Ltd.

Nutrimetics France SAS

Exhibit 21

Active Subsidiaries

Subsidiary Information System

As of: February 28, 2017

Nutri-Metics Holding France SASU

Nutri-metics International (Greece) A.E

Nutrimetics International (NZ) Limited

Nutrimetics International (UK) Limited

Nuvo Cosmeticos S.A.

Osceola Corporate Center Master Owners

Premiere Brands International C.V.

Premiere Brands International Coöpertief U. A.

Premiere Brands International B.V.

Premiere Brands International Holdings B.V.

Premiere Brands International LLC

Premiere Brands LLC

Premiere Products Brands of Canada,Ltda.

Premiere Products, Inc.

Premiere Servicios de Administracion S. de R.L.

Probemex S.A. de C.V.

PT Cahaya Prestasi Indonesia

PT Tupperware Indonesia

Servicios Administrativos Fuller, S. de R.L. de C.V.

Tupperware (China) Company Limited

Tupperware (Portugal) Artigos Domesticos, Ltda.

Tupperware (Suisse) SA

Tupperware Articulos Domesticos, S.L

Tupperware Asia Pacific Holdings Private Limited

Tupperware Australia Pty. Ltd.

Tupperware Bangladesh Private Limited

Tupperware Belgium N.V.

Tupperware Brands Argentina S.A.

Tupperware Brands Asia Pacific Pte. Ltd.

Tupperware Brands Corporation

Tupperware Brands Financing B.V.

Tupperware Brands Foundation

Tupperware Brands Korea Ltd.

Tupperware Brands Latin America Holdings, LLC

Tupperware Brands Malaysia Sdn. Bhd.

Tupperware Brands Mexico, S. de R.L. de C.V.

Tupperware Brands Philippines, Inc.

Tupperware Bulgaria Ltd.

Tupperware Central and Eastern Europe Ltd.

Tupperware Colombia S.A.S.

Tupperware Czech Republic, spol. s.r.o

Tupperware d.o.o.

Tupperware de El Salvador, S.A. de CV.

Tupperware de Guatemala, S.A.

Tupperware Del Ecuador Cia. Ltda.

Tupperware Deutschland GmbH

Tupperware Distributors, Inc.

Tupperware East Asia, LLC

Tupperware Egypt Ltd

Tupperware Espana, S.A.

Tupperware Europe, Africa and Middle East

Tupperware Finance Company B. V.

Tupperware Finance Holding Company

Tupperware France S.A.

Tupperware General Services N.V.

Exhibit 21

Active Subsidiaries

Subsidiary Information System

As of: February 28, 2017

Tupperware Global Center SARL

Tupperware Hellas S.A.I.C.

Tupperware HK Procurement Limited

Tupperware Holdings South Africa (Pty) Ltd.

Tupperware Home Parties, LLC

Tupperware Honduras, S. de R.L.

Tupperware Iberica S.A.

Tupperware India Private Limited

Tupperware International Capital Limited

Tupperware International Holdings BV

Tupperware International Holdings Corporation

Tupperware Israel Ltd.

Tupperware Italia S.p.A.

Tupperware Kazakhstan Limited Liability Partnership

Tupperware Morocco

Tupperware Nederland B.V.

Tupperware New Zealand Staff Superannuation Plan

Tupperware Nordic A/S

Tupperware Osterreich G.m.b.H.

Tupperware Panama, S.A.

Tupperware Polska Sp.z o.o.

Tupperware Products S.A.

Tupperware Products, Inc.

Tupperware Romania s.r.l.

Tupperware Services GmbH

Tupperware Services, Inc.

Tupperware Singapore Pte. Ltd.

Tupperware Southern Africa (Proprietary) Limited

Tupperware Southern Europe, Africa and Middle East

Tupperware Turkey, Inc.

Tupperware U.S., Inc.

Tupperware Ukraine, LLC

Tupperware United Kingdom & Ireland

Tupperware Vietnam LLC

Tupperware, Industria Lusitana de Artigos Domesticos

Tupperware, LLC

TWP S.A.

Uniao Norte Distribuidora de Produtos

Uniao Sul Comercial

All subsidiaries listed above are included in the consolidated financial statements of the Registrant as consolidated subsidiaries, except for subsidiaries owned 50% or less.

EX-23

Exhibit 23

CONSENT OF INDEPENDENT REGISTERED CERTIFIED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-213329, 333-170305, 333-137276, 333-137275, 333-04869) of Tupperware Brands Corporation of our reportdated February 28, 2017 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in this Form 10-K.

/s/PricewaterhouseCoopers LLP

Orlando, Florida

February 28, 2017

EX-24

EXHIBIT 24

POWERS OF ATTORNEY

                THE UNDERSIGNED DIRECTORS of Tupperware Brands Corporation, a Delaware corporation, (the "Corporation"), hereby constitute and appoint Karen M. Sheehan and Michael S. Poteshman, true and lawful attorneys-in-fact and agents of the undersigned, with full power of substitution and resubstitution, for and in the name, place and stead of the undersigned, in any and all capacities, to sign the Annual Report on Form 10-K of the Corporation for its fiscal year ended December 31, 2016, and any and all amendments thereto, and to file or cause to be filed the same, together with any and all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents and substitutes, full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises as fully to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents and substitutes, may lawfully do or cause to be done by virtue hereof.

                IN WITNESS WHEREOF, the undersigned have hereunto set their hand and seal this 28th day of February, 2017.

/s/ Catherine A. Bertini

/s/ Susan M. Cameron

/s/ Kriss Cloninger III

/s/ Meg Crofton

/s/ Angel R. Martinez

/s/ Antonio Monteiro de Castro

/s/ Robert J. Murray

/s/ David R. Parker

/s/ Richard T. Riley

/s/ Joyce M. Roché

/s/ M. Anne Szostak

EX-31.1

Exhibit 31.1

RULE 13a-14(a)/15d-14(a) CERTIFICATIONS

I, E.V. Goings, certify that:

1. I have reviewed this annual report on Form 10-K of Tupperware Brands Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	February 28, 2017	/s/ E.V. Goings
		E.V. Goings
		Chairman and Chief Executive Officer

EX-31.2

Exhibit 31.2

RULE 13a-14(a)/15d-14(a) CERTIFICATIONS

I, Michael S. Poteshman, certify that:

1. I have reviewed this annual report on Form 10-K of Tupperware Brands Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent function):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	February 28, 2017	/s/ Michael S. Poteshman
		Michael S. Poteshman
		Executive Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

Form of Certification Pursuant to Section 1350 of Chapter 63

of Title 18 of the United States Code

I, E.V. Goings, the chief executive officer of Tupperware Brands Corporation, certify that, to the best of my knowledge, (i) the Form 10-K for the year ended December 31, 2016 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (ii) the information contained in such Form 10-K fairly presents, in all material respects, the financial condition and results of operations of Tupperware Brands Corporation.

/s/ E.V. Goings

Chairman and Chief Executive Officer

A signed original of this written statement required by Section 906 has been provided to Tupperware Brands Corporation and will be retained by Tupperware Brands Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

Date: February 28, 2017

EX-32.2

Exhibit 32.2

Form of Certification Pursuant to Section 1350 of Chapter 63

of Title 18 of the United States Code

I, Michael S. Poteshman, the chief financial officer of Tupperware Brands Corporation, certify that, to the best of my knowledge, (i) the Form 10-K for the year ended December 31, 2016 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (ii) the information contained in such Form 10-K fairly presents, in all material respects, the financial condition and results of operations of Tupperware Brands Corporation.

/s/ Michael S. Poteshman

Executive Vice President and Chief Financial Officer

A signed original of this written statement required by Section 906 has been provided to Tupperware Brands Corporation and will be retained by Tupperware Brands Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

Date: February 28, 2017

XML

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Feb. 23, 2017	Jun. 24, 2016
Document Information [Line Items]
Entity Registrant Name	TUPPERWARE BRANDS CORP
Entity Central Index Key	0001008654
Trading Symbol	TUP
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		50,668,450
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 2,754,251,297

XML

Consolidated Statements of Income - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2016	Sep. 24, 2016	Jun. 25, 2016	Mar. 26, 2016	Dec. 26, 2015	Sep. 26, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Net sales		$ 600.9	$ 521.8	$ 564.7	$ 525.7	$ 592.1	$ 521.0	$ 588.9	$ 581.8	$ 2,213.1	$ 2,283.8	$ 2,606.1
Cost of products sold										715.0	744.4	884.0
Gross margin		404.2	353.4	380.8	359.7	400.9	348.5	399.8	390.2	1,498.1	1,539.4	1,722.1
Delivery, sales and administrative expense										1,170.8	1,217.6	1,346.1
Re-engineering and impairment charges	[1]									7.6	20.3	11.0
Gains on disposal of assets	[2]									27.3	13.7	2.7
Operating income										347.0	315.2	367.7
Interest income										3.4	2.4	3.0
Interest expense										48.8	47.6	46.5
Other expense										0.3	10.1	26.0
Income before income taxes										301.3	259.9	298.2
Provision for income taxes										77.7	74.1	83.8
Net income		$ 79.0	$ 48.8	$ 52.4	$ 43.4	$ 58.1	$ 36.2	$ 62.0	$ 29.5	$ 223.6	$ 185.8	$ 214.4
Earnings Per Share:
Basic earnings per common share		$ 1.56	$ 0.97	$ 1.04	$ 0.86	$ 1.16	$ 0.72	$ 1.24	$ 0.59	$ 4.43	$ 3.72	$ 4.28
Diluted earnings per common share		$ 1.55	$ 0.96	$ 1.03	$ 0.86	$ 1.15	$ 0.72	$ 1.23	$ 0.59	$ 4.41	$ 3.69	$ 4.20

[1] See Note 2 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

[2] Gains on disposal of assets in 2016, 2015 and 2014 include $26.5 million, $12.9 million and $1.3 million from transactions related to land near the Orlando, FL headquarters.

XML

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Net income	$ 223.6	$ 185.8	$ 214.4
Foreign currency translation adjustments	(53.7)	(122.3)	(85.2)
Deferred gain (loss) on cash flow hedges, net of tax benefit (provision) of ($0.4), $1.1 and ($1.3), respectively	0.6	(3.5)	5.6
Pension and other post-retirement income (costs), net of tax benefit (provision) of $0.4, ($6.2) and $4.7, respectively	3.6	12.5	(12.3)
Other comprehensive loss	(49.5)	(113.3)	(91.9)
Total comprehensive income	$ 174.1	$ 72.5	$ 122.5

XML

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Net deferred gains (losses) on cash flow hedges, tax provision (benefit)	$ 0.4	$ (1.1)	$ 1.3
Pension and post retirement costs, tax benefit (provision)	$ 0.4	$ (6.2)	$ 4.7

XML

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
ASSETS
Cash and cash equivalents	$ 93.2	$ 79.8
Accounts receivable, less allowances of $32.6 and $32.7, respectively	125.3	142.7
Inventories	240.4	254.6
Non-trade amounts receivable, net	64.9	45.5
Prepaid expenses and other current assets	21.5	27.9
Total current assets	545.3	550.5
Deferred income tax benefits, net	539.7	524.9
Property, plant and equipment, net	259.8	253.6
Long-term receivables, less allowances of $11.0 and $11.2, respectively	13.2	13.2
Tradenames, net	67.3	82.7
Goodwill	132.6	146.3
Other assets, net	29.9	27.0
Total assets	1,587.8	1,598.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	117.7	126.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	105.9	162.5
Accrued liabilities	324.0	324.8
Total current liabilities	547.6	614.0
Long-term debt and capital lease obligations	606.0	608.2
Other liabilities	221.4	215.0
Shareholders' equity:
Preferred stock, $0.01 par value, 200,000,000 shares authorized; none issued	0.0	0.0
Common stock, $0.01 par value, 600,000,000 shares authorized; 63,607,090 shares issued	0.6	0.6
Paid-in capital	208.6	205.5
Retained earnings	1,455.3	1,371.2
Treasury stock, 12,969,165 and 13,170,517 shares, respectively, at cost	(880.2)	(894.3)
Accumulated other comprehensive loss	(571.5)	(522.0)
Total shareholders' equity	212.8	161.0
Total liabilities and shareholders' equity	$ 1,587.8	$ 1,598.2

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Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
Accounts receivable, allowances	$ 32.6	$ 32.7
Long-term receivables, allowances	$ 11.0	$ 11.2
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	63,607,090	63,607,090
Treasury stock, shares	12,969,165	13,170,517

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Consolidated Statements of Shareholders' Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Treasury Stock [Member]	Paid-In Capital	Retained Earnings [Member]	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 28, 2013	$ 252.9	$ 0.6	$ (898.4)	$ 178.3	$ 1,289.2	$ (316.8)
Beginning balance, shares at Dec. 28, 2013		63.6	13.3
Net income	214.4				214.4
Other comprehensive loss	(91.9)					(91.9)
Cash dividends declared	(137.8)				(137.8)
Repurchase of common stock	$ (84.3)		$ (84.3)
Repurchase of common stock, shares	1.2
Income tax benefit from stock and option awards	$ 6.3			6.3
Stock and options issued for incentive plans	(26.2)		$ (37.7)	(6.1)	(17.6)
Stock and options issued for incentive plans, shares			(0.6)
Ending balance at Dec. 27, 2014	185.8	$ 0.6	$ (945.0)	190.7	1,348.2	(408.7)
Ending balance, shares at Dec. 27, 2014		63.6	13.9
Net income	185.8				185.8
Other comprehensive loss	(113.3)					(113.3)
Cash dividends declared	(137.5)				(137.5)
Repurchase of common stock	$ 0.0
Repurchase of common stock, shares	0.0
Income tax benefit from stock and option awards	$ 6.0			6.0
Stock and options issued for incentive plans	(34.2)		$ (50.7)	(8.8)	(25.3)
Stock and options issued for incentive plans, shares			(0.7)
Ending balance at Dec. 26, 2015	161.0	$ 0.6	$ (894.3)	205.5	1,371.2	(522.0)
Ending balance, shares at Dec. 26, 2015		63.6	13.2
Net income	223.6
Other comprehensive loss	(49.5)					(49.5)
Cash dividends declared	(139.1)				(139.1)
Repurchase of common stock	$ 0.0
Repurchase of common stock, shares	0.0
Income tax provision from stock and option awards	$ (1.7)			(1.7)
Stock and options issued for incentive plans	(18.5)		$ (14.1)	(4.8)	(0.4)
Stock and options issued for incentive plans, shares			(0.2)
Ending balance at Dec. 31, 2016	$ 212.8	$ 0.6	$ (880.2)	$ 208.6	$ 1,455.3	$ (571.5)
Ending balance, shares at Dec. 31, 2016		63.6	13.0

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Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 24, 2016	Jun. 25, 2016	Mar. 26, 2016	Dec. 26, 2015	Sep. 26, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Cash dividend declared, per share	$ 0.68	$ 0.68	$ 0.68	$ 0.68	$ 0.68	$ 0.68	$ 0.68	$ 0.68	$ 2.72	$ 2.72	$ 2.72

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Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Operating Activities:
Net income	$ 223.6	$ 185.8	$ 214.4
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	57.5	62.4	63.7
Equity compensation	20.0	20.0	18.9
Unrealized foreign exchange losses	0.4	7.2	29.2
Amortization and write-off of deferred debt costs	0.6	0.8	0.6
Net gains on disposal of assets, including insurance recoveries	(25.8)	(13.1)	(2.5)
Provision for bad debts	11.1	12.8	13.5
Write-down of inventories	10.8	14.3	17.8
Non-cash impact of impairment costs and re-engineering	0.0	13.5	1.6
Net change in deferred income taxes	(32.9)	(45.2)	(59.9)
Excess tax benefits from share-based payment arrangements	(0.6)	(6.0)	(6.3)
Changes in assets and liabilities:
Accounts and notes receivable	0.9	(10.7)	(28.2)
Inventories	(2.8)	(8.2)	(39.5)
Non-trade amounts receivable	1.2	(1.6)	1.4
Prepaid expenses	(0.9)	(8.0)	(2.8)
Other assets	1.9	4.7	(1.1)
Accounts payable and accrued liabilities	(22.2)	11.4	25.5
Income taxes payable	(6.0)	(2.5)	24.9
Other liabilities	4.6	5.1	8.4
Net cash impact from hedging activity	(2.7)	(17.0)	4.6
Other	(0.1)	0.0	(0.1)
Net cash provided by operating activities	238.6	225.7	284.1
Investing Activities:
Capital expenditures	(61.6)	(61.1)	(69.4)
Proceeds from disposal of property, plant and equipment	35.9	18.0	7.1
Net cash used in investing activities	(25.7)	(43.1)	(62.3)
Financing Activities:
Dividend payments to shareholders	(138.8)	(138.0)	(135.5)
Proceeds from exercise of stock options	0.8	16.1	15.7
Repurchase of common stock	(1.7)	(1.5)	(92.3)
Repayment of long-term debt and capital lease obligations	(2.2)	(2.6)	(3.0)
Net change in short-term debt	(52.0)	(36.4)	(2.2)
Debt issuance costs	0.0	(0.7)	0.0
Excess tax benefits from share-based payment arrangements	0.6	6.0	6.3
Net cash used in financing activities	(193.3)	(157.1)	(211.0)
Effect of exchange rate changes on cash and cash equivalents	(6.2)	(22.7)	(61.1)
Net change in cash and cash equivalents	13.4	2.8	(50.3)
Cash and cash equivalents at beginning of year	79.8	77.0	127.3
Cash and cash equivalents at end of year	$ 93.2	$ 79.8	$ 77.0

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Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

Principles of Consolidation. The condensed consolidated financial statements include the accounts of Tupperware Brands Corporation and its subsidiaries, collectively “Tupperware” or the “Company”, with all intercompany transactions and balances having been eliminated. The Company’s fiscal year ends on the last Saturday of December and included 53 weeks during 2016 and 52 weeks during 2015 and 2014.

Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates.

Cash and Cash Equivalents. The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. As of December 31, 2016 and December 26, 2015, $9.6 million and $7.4 million, respectively, of the cash and cash equivalents included on the Consolidated Balance Sheets were held in the form of time deposits, certificates of deposit or similar instruments.

Allowance for Doubtful Accounts. The Company maintains current receivable amounts with most of its independent distributors and sales force in certain markets. It also maintains long-term receivable amounts with certain of these customers. The Company regularly monitors and assesses its risk of not collecting amounts owed to it by customers. This evaluation is based upon an analysis of amounts current and past due, along with relevant history and facts particular to the customer. It is also based upon estimates of distributor business prospects, particularly related to the evaluation of the recoverability of long-term amounts due. This evaluation is performed market by market and account by account, based upon historical experience, market penetration levels and similar factors. It also considers collateral of the customer that could be recovered to satisfy debts. The Company records its allowance for doubtful accounts based on the results of this analysis. The analysis requires the Company to make significant estimates and as such, changes in facts and circumstances could result in material changes in the allowance for doubtful accounts. The Company considers any receivable balance not collected within its contractual terms past due.

Inventories. Inventories are valued at the lower of cost or market on a first-in, first-out basis. Inventory cost includes cost of raw material, labor and overhead. The Company writes down its inventory for obsolescence or unmarketability in an amount equal to the difference between the cost of the inventory and estimated market value based upon expected future demand and pricing. The demand and pricing is estimated based upon the historical success of product lines as well as the projected success of promotional programs, new product introductions and new markets or distribution channels. The Company prepares projections of demand and pricing on an item by item basis for all of its products. If inventory on hand exceeds projected demand or the expected market value is less than the carrying value, the excess is written down to its net realizable value. However, if actual demand or the estimate of market value decreases, additional write-downs would be required.

Internal Use Software Development Costs. The Company capitalizes internal use software development costs as they are incurred and amortizes such costs over their estimated useful lives of three to five years, beginning when the software is placed in service. Net unamortized costs of such amounts included in property, plant and equipment were $21.3 million and $20.1 million at December 31, 2016 and December 26, 2015, respectively. Amortization cost related to internal use software development costs totaled $6.9 million, $5.7 million and $4.4 million in 2016, 2015 and 2014, respectively.

Property, Plant and Equipment. Property, plant and equipment is initially stated at cost. Depreciation is recorded on a straight-line basis over the following estimated useful lives of the assets:

	Years
Building and improvements	10 - 40
Molds	4 - 10
Production equipment	10 - 20
Distribution equipment	5 - 10
Computer/telecom equipment	3 - 5
Capitalized software	3 - 5

Depreciation expense was $43.0 million, $46.5 million and $47.3 million in 2016, 2015 and 2014, respectively. The Company considers the need for an impairment review when events occur that indicate that the book value of a long-lived asset may exceed its recoverable value. Upon the sale or retirement of property, plant and equipment, a gain or loss is recognized equal to the difference between sales price and net book value. Expenditures for maintenance and repairs are charged to cost of products sold or delivery, sales and administrative (DS&A) expense, depending on the asset to which the expenditure relates.

Goodwill. The Company's recorded goodwill relates primarily to the December 2005 acquisition of the direct-to-consumer businesses of Sara Lee Corporation. The Company does not amortize its goodwill. Instead, the Company performs an annual assessment during the third quarter of each year to evaluate the assets in each of its reporting units for impairment, or more frequently if events or changes in circumstances indicate that a triggering event for an impairment evaluation has occurred.

The annual process for evaluating goodwill begins with an assessment for each entity of qualitative factors to determine whether the two-step goodwill impairment evaluation is appropriate. The qualitative factors evaluated by the Company include: macro-economic conditions of the local business environment, overall financial performance, sensitivity analysis from the most recent step 1 fair value evaluation ("step 1"), as prescribed under ASC 350, Intangibles - Goodwill and Other, and other entity specific factors as deemed appropriate. When the Company determines the two-step goodwill impairment evaluation is appropriate, the step 1 involves comparing the fair value of a reporting unit to its carrying amount, including goodwill, after any long-lived asset impairment charges. If the carrying amount of the reporting unit exceeds its fair value, a second step is performed to determine whether there is a goodwill impairment, and if so, its amount. This step revalues all assets and liabilities of the reporting unit to their current fair value and then compares the implied fair value of the reporting unit's goodwill to the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess.

When a determination of fair value of the Company's reporting units is necessary, it is determined by using either the income approach or a combination of the income and market approaches, with generally a greater weighting on the income approach (75 percent). The income approach, or discounted cash flow approach, requires significant assumptions to estimate the fair value of each reporting unit. These include assumptions regarding future operations and the ability to generate cash flows including projections of revenue, costs, utilization of assets and capital requirements, along with an appropriate discount rate to be used. Goodwill is further discussed in Note 6 to the Consolidated Financial Statements.

Intangible Assets. Intangible assets are recorded at their fair market values at the date of acquisition and definite-lived intangibles are amortized over their estimated useful lives. The intangible assets included in the Company's Consolidated Financial Statements at December 31, 2016 and December 26, 2015 were related to the acquisition of the Sara Lee direct-to-consumer businesses in December 2005. The weighted average estimated useful lives of the Company's intangible assets were as follows:

	Weighted Average Estimated Useful Life
Indefinite-lived tradenames	Indefinite
Definite-lived tradename	10 years

The Company's indefinite-lived tradename intangible assets are evaluated for impairment annually similarly to goodwill. The annual process for assessing the carrying value of indefinite-lived tradename intangible assets begins with a qualitative assessment that is similar to the assessment performed for goodwill. When the Company determines it is appropriate, the quantitative impairment evaluation for the Company's indefinite-lived tradenames involves comparing the estimated fair value of the assets to the carrying amounts, to determine if fair value is lower and a write-down required. If the carrying amount of a tradename exceeds its estimated fair value, an impairment charge is recognized in an amount equal to the excess. The fair value of these assets is determined using the relief from royalty method, which is a form of the income approach. In this method, the value of the asset is calculated by selecting royalty rates, which estimate the amount a company would be willing to pay for the use of the asset. These rates are applied to the Company's projected revenue, tax affected and discounted to present value using an appropriate rate.

The Company's definite-lived intangible asset relates to the Fuller tradename and has been amortized based on its estimated useful life of 10 years since August 2013. The Fuller tradename's useful life was estimated, at that time, based on the period that the tradename was expected to contribute directly to the Company's revenue. Definite-lived intangible assets are reviewed for impairment in a similar manner as property, plant and equipment as discussed above. Amortization related to definite-lived intangible assets is included in DS&A on the Consolidated Statements of Income. Intangible assets are further discussed in Note 6 to the Consolidated Financial Statements.

Promotional and Other Accruals. The Company frequently makes promotional offers to members of its independent sales force to encourage them to fulfill specific goals or targets for sales levels, party attendance, additions of new sales force members or other business-critical functions. The awards offered are in the form of product awards, special prizes or trips.

Programs are generally designed to recognize sales force members for achieving a primary objective. An example is to reward the independent sales force for holding a certain number of product demonstrations. In this situation, the Company offers a prize to sales force members that achieve the targeted number of product demonstrations over a specified period. The period runs from a couple of weeks to several months. The prizes are generally graded, in that meeting one level may result in receiving a piece of jewelry, with higher achievement resulting in more valuable prizes such as a television set or a trip. Similar programs are designed to reward current sales force members who reach certain goals by promoting them to a higher level in the organization where their earning opportunity would be expanded, and they would take on additional responsibilities for adding new sales force members and providing training and motivation to new and existing sales force members. Other business drivers, such as scheduling product demonstrations, increasing the number of sales force members, holding product demonstrations or increasing end consumer attendance at product demonstrations, may also be the focus of a program.

The Company also offers commissions for achieving targeted sales levels. These types of awards are generally based upon the sales achievement of at least a mid-level member of the sales force and her or his down-line members. The down-line consists of those sales force members that have been directly added to the sales force by a given sales force member, as well as those added by her or his down-line member. In this manner, sales force members can build an extensive organization over time if they are committed to adding and developing their units. In addition to the commission, the positive performance of a unit may also entitle its leader to the use of a company-provided vehicle and in some cases, the permanent awarding of a vehicle. Similar to the prize programs noted earlier, these programs generally offer varying levels of vehicles that are dependent upon performance.

The Company accrues for the costs of these awards during the period over which the sales force qualifies for the award and reports these costs primarily as a component of DS&A expense. These accruals require estimates as to the cost of the awards, based upon estimates of achievement and actual cost to be incurred. During the qualification period, actual results are monitored and changes to the original estimates are made when known. Promotional and other sales force compensation expenses included in DS&A expense totaled $376.2 million, $378.7 million and $430.1 million in 2016, 2015 and 2014, respectively.

Like promotional accruals, other accruals are recorded over the time period that a liability is incurred and is both probable and reasonably estimable. Adjustments to amounts previously accrued are made when changes occur in the facts and circumstances that generated the accrual.

Revenue Recognition. Revenue is recognized when the price is fixed, the title and risks and rewards of ownership have passed to the customer who, in most cases, is one of the Company’s independent distributors or a member of its independent sales force, and when collection is reasonably assured. Depending on the contractual arrangements for each business, revenue is recognized upon either delivery or shipment, which is when title and risk and rewards of ownership have passed to the customer. When revenue is recorded, estimates of returns are made and recorded as a reduction of revenue. Discounts earned based on promotional programs in place, volume of purchases or other factors are also estimated at the time of revenue recognition and recorded as a reduction of that revenue.

Shipping and Handling Costs. The cost of products sold line item includes costs related to the purchase and manufacture of goods sold by the Company. Among these costs are inbound freight charges, duties, purchasing and receiving costs, inspection costs, depreciation expense, internal transfer costs and warehousing costs of raw material, work in process and packing materials. The warehousing and distribution costs of finished goods are included in DS&A expense. Distribution costs are comprised of outbound freight and associated labor costs. Fees billed to customers associated with the distribution of products are classified as revenue. The distribution costs included in DS&A expense in 2016, 2015 and 2014 were $137.0 million, $139.3 million and $156.6 million, respectively.

Advertising and Research and Development Costs. Advertising and research and development costs are charged to expense as incurred. Advertising expense totaled $8.3 million, $13.4 million and $19.9 million in 2016, 2015 and 2014, respectively. Research and development costs totaled $18.3 million, $18.1 million and $19.3 million, in 2016, 2015 and 2014, respectively. Research and development expenses primarily include salaries, contractor costs and facility costs. Both advertising and research and development costs are included in DS&A expense.

Accounting for Stock-Based Compensation. The Company has several stock-based employee and director compensation plans, which are described more fully in Note 14 to the Consolidated Financial Statements. Compensation cost for share-based awards is recorded on a straight line basis over the required service period, based on the fair value of the award. The fair value of the stock option grants is estimated using the Black-Scholes option-pricing model, which requires assumptions, including dividend yield, risk-free interest rate, the estimated length of time employees will retain their stock options before exercising them (expected term) and the estimated volatility of the Company's common stock price over the expected term. These assumptions are generally based on historical averages of the Company. Furthermore, in calculating compensation expense for these awards, the Company is also required to estimate the extent to which options will be forfeited prior to vesting. Many factors are considered when estimating expected forfeitures, including types of awards, employee class and historical experience. To the extent actual results or updated estimates of forfeiture differ from current estimates, such amounts are recorded as a cumulative adjustment to the previously recorded amounts.

Compensation expense associated with restricted stock, restricted stock units and performance-vested share awards is equal to the market value of the Company's common stock on the date of grant and is recorded pro rata over the required service period. The fair value of market-vested awards is based on a Monte-Carlo simulation that estimates the fair value based on the Company's share price activity between the beginning of the year and the grant date relative to a defined comparative group of companies, expected term of the award, risk-free interest rate, expected dividends, and the expected volatility of the stock of the Company and those in the comparative group. For those awards with performance vesting criteria, the expense is recorded based on an assessment of achieving the criteria. The grant date fair value per share of market-vested awards already reflects the probability of achieving the market condition, and is therefore used to record expense straight line over the performance period regardless of actual achievement.

The Company reports as a financing cash flow the tax benefits from share-based payment arrangements. For 2016, 2015 and 2014, the Company generated $0.6 million, $6.0 million and $6.3 million of excess tax benefits, respectively.

Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets also are recognized for credit carryforwards. Deferred tax assets and liabilities are measured using the enacted rates applicable to taxable income in the years in which the temporary differences are expected to reverse and the credits are expected to be used. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. An assessment is made as to whether or not a valuation allowance is required to offset deferred tax assets. This assessment requires estimates as to future operating results, as well as an evaluation of the effectiveness of the Company's tax planning strategies. These estimates are made on an ongoing basis based upon the Company's business plans and growth strategies in each market and consequently, future material changes in the valuation allowance are possible.

The Company accounts for uncertain tax positions in accordance with ASC 740, Income Taxes. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement.

Interest and penalties related to tax contingency or settlement items are recorded as a component of the provision for income taxes in the Company's Consolidated Statements of Income. The Company records accruals for tax contingencies as a component of accrued liabilities or other long-term liabilities on its balance sheet.

Net Income Per Common Share. Basic per share information is calculated by dividing net income by the weighted average number of shares outstanding. Diluted per share information is calculated by also considering the impact of potential common stock on both net income and the weighted average number of shares outstanding. The Company's potential common stock consists of employee and director stock options, restricted stock, restricted stock units and performance share units. Performance share awards are included in the diluted per share calculation when the performance criteria are achieved. The Company's potential common stock is excluded from the basic per share calculation and is included in the diluted per share calculation when doing so would not be anti-dilutive.

The elements of the earnings per share computations were as follows:

(In millions, except per share amounts)	2016		2015		2014
Net income	$	223.6	$	185.8	$	214.4
Weighted-average shares of common stock outstanding	50.5		49.9		50.1
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units	0.2		0.5		0.9
Weighted-average common and common equivalent shares outstanding	50.7		50.4		51.0
Basic earnings per share	$	4.43	$	3.72	$	4.28
Diluted earnings per share	$	4.41	$	3.69	$	4.20
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive	1.4		0.9		0.4

Derivative Financial Instruments. The Company recognizes in its Consolidated Balance Sheets the asset or liability associated with all derivative instruments and measures those assets and liabilities at fair value. If certain conditions are met, a derivative may be specifically designated as a hedge. The accounting for changes in the value of a derivative accounted for as a hedge depends on the intended use of the derivative and the resulting designation of the hedge exposure. Depending on how the hedge is used and the designation, the gain or loss due to changes in value is reported either in earnings, or initially in other comprehensive income. Gains or losses that are reported in other comprehensive income are eventually recognized in earnings, with the timing of this recognition governed by ASC 815, Derivatives and Hedging.

The Company uses derivative financial instruments, principally over-the-counter forward exchange contracts with major international financial institutions, to offset the effects of exchange rate changes on net investments in certain foreign subsidiaries, certain forecasted purchases, certain intercompany transactions, and certain accounts payable and accounts receivable. The Company also uses euro denominated borrowings under its Credit Agreement to hedge a portion of its net investment in foreign subsidiaries. Gains and losses on instruments designated as net equity hedges of net investments in a foreign subsidiary or on intercompany transactions that are permanent in nature are accrued as exchange rates change, and are recognized in shareholders' equity as a component of foreign currency translation adjustments within accumulated other comprehensive loss. Gains and losses on contracts designated as fair value hedges of accounts receivable, accounts payable and non-permanent intercompany transactions are accrued as exchange rates change and are recognized in income. Gains and losses on contracts designated as cash flow hedges of identifiable foreign currency forecasted purchases are deferred and initially included in other comprehensive income. In assessing hedge effectiveness, the Company excludes forward points, which are included as a component of interest expense. See Note 8 to the Consolidated Financial Statements.

Fair Value Measurements. The Company applies the applicable accounting guidance for fair value measurements. This guidance provides the definition of fair value, describes the method used to appropriately measure fair value in accordance with generally accepted accounting principles and outlines fair value disclosure requirements.

The fair value hierarchy established under this guidance prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows:

Level 1 - Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2 - Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted prices, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace.

Level 3 - Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value from the perspective of a market participant. The Company does not have any recurring Level 3 fair value measurements.

Foreign Currency Translation. Results of operations of foreign subsidiaries are translated into U.S. dollars using average exchange rates during the year. The assets and liabilities of those subsidiaries, other than those of operations in highly inflationary countries, are translated into U.S. dollars using exchange rates at the balance sheet date. The related translation adjustments are included in accumulated other comprehensive loss. Foreign currency transaction gains and losses, as well as re-measurement of financial statements of subsidiaries in highly inflationary countries, are included in income.

Inflation in Venezuela has been at relatively high levels over the past few years. The Company uses a blended index of the Consumer Price Index and National Consumer Price Index for determining highly inflationary status in Venezuela. This blended index reached cumulative three-year inflation in excess of 100 percent at November 30, 2009 and as such, the Company transitioned to highly inflationary status at the beginning of its 2010 fiscal year. Gains and losses resulting from the translation of the financial statements of subsidiaries operating in highly inflationary economies are recorded in earnings.

For Venezuela, the bolivar to U.S. dollar exchange rates used in translating the Company’s operating activity is based on the Simadi exchange mechanism created by the government. In 2016, 2015 and 2014, the net expense in connection with re-measuring net monetary assets and recording in cost of sales inventory at the exchange rate when it was purchased or manufactured compared with when it was sold was $4.3 million, $14.9 million and $42.4 million, respectively. The amounts related to remeasurement are included in other expense.

As of the end of 2016, the net monetary assets in Venezuela, which were of a nature that would generate income or expense associated with future exchange rate fluctuations versus the U.S. dollar were not material. In addition, there was $25.5 million in cumulative foreign currency translation losses related to Venezuela included in equity within the consolidated balance sheets.

Product Warranty. Tupperware® brand products are guaranteed against chipping, cracking, breaking or peeling under normal non-commercial use of the product with certain limitations. The cost of replacing defective products is not material.

New Accounting Pronouncements. In May 2014, the FASB issued an amendment to existing guidance regarding revenue from contracts with customers. The amendment outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. In August 2015, the FASB issued an amendment to defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The August 2015 amendment also allows early adoption of the revenue standard, but not before the original effective date of December 15, 2016. In March and April 2016, the FASB issued amendments to provide clarification on implementation guidance. In May 2016, the FASB issued amendments to provide clarification on assessment of collectibility criteria, presentation of sales taxes and measurement of non-cash consideration. In addition, the amendment provided clarification and included simplification to transition guidance on contract modifications and completed contracts at transition. In December 2016, the FASB issued amendments to provide clarification on codification and guidance application. The Company has surveyed revenue recognition policies across each of its global operating segments, evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements. While there are expected to be changes in policy in certain units, the impact to the consolidated financial statements is not expected to be significant as the majority of the Company's transactions are not accounted for under industry-specific guidance that will be superseded by the new guidance and generally only consists of a single performance obligation to transfer promised goods.

In February 2016, the FASB issued an amendment to existing guidance on lease accounting that requires the assets and liabilities arising from operating leases be presented in the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements.

In March 2016, the FASB issued an amendment to existing guidance regarding employee share-based payments. Under the amendment, all excess tax benefits and tax deficits will be recognized in the income statement. Regardless of the impact on taxes payable, the tax benefits will be recognized in the current period and excess tax benefits will be classified as an element of cash flow operating activities. In addition, the amendment included simplification to existing guidance on forfeitures, intrinsic value and the withholding of shares for participants' personal income taxes. This guidance is effective for fiscal years beginning after December 15, 2016 and will be adopted by the Company as of the beginning of 2017. There will be an impact of adopting this standard on the consolidated financial statements that likely will lead to increased volatility of the Company's tax rate that will be dependent on the timing and intrinsic value of future share-based compensation award exercises.

In August 2016, the FASB issued an amendment to existing guidance on presentation and classification of certain cash receipts and cash payments in the Statement of Cash Flows. This guidance is intended to reduce diversity in the classification of transactions related to debt prepayment or debt extinguishment costs, zero-coupon debt instruments settlement, contingent consideration payments made after a business combination, insurance claims settlement and corporate-owned life insurance settlement, distributions from equity method investments and beneficial interests in securitization transactions. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect adoption of this amendment to have an impact on its Consolidated Financial Statements.

In October 2016, the FASB issued an amendment to existing guidance on income tax consequences of intra-entity transfers of assets other than inventory. Under the amendment, the income tax consequences of an intra-entity transfer of an asset other than inventory will be recognized when the transfer occurs. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements.

In November 2016, the FASB issued an amendment to existing guidance on classification and presentation of changes in restricted cash on the statement of cash flows. Under the amendment, the restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the total cash balance for the period on the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The adoption of this amendment will not have a material impact on the Company’s Consolidated Financial Statements.

In January 2017, the FASB issued an amendment to existing guidance on Goodwill Impairment to simplify goodwill measurement. This guidance eliminated step 2 from the goodwill impairment test, and instead goodwill shall be tested by comparing the fair value of a reporting unit with its carrying amount. An impairment charge for the amount by which the carrying amount exceeds the fair value will be recognized; however the loss recognized will not exceed the total amount of goodwill. This guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Upon adoption, any impairment losses recognized under the new guidance could differ significantly and occur more frequently compared with amounts recognized under current guidance, particularly as it relates to the $73.2 million goodwill recorded in Fuller Mexico.

Reclassifications. Certain prior year amounts have been reclassified in the Consolidated Financial Statements to conform to current year presentation.

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Re-engineering Costs

12 Months Ended

Dec. 31, 2016

Restructuring Charges [Abstract]

Re-engineering Costs

Re-engineering Costs

The Company continually reviews its business models and operating methods for opportunities to increase efficiencies and/or align costs with business performance. Pretax costs incurred in the re-engineering and impairment charges caption by category were as follows:

(In millions)	2016		2015		2014
Severance	$	5.4	$	5.0	$	7.4
Other	2.2		1.8		3.6
Total re-engineering charges	$	7.6	$	6.8	$	11.0

The severance costs incurred were associated with headcount reductions in several of the Company's operations in connection with changes in its management and organizational structures, and in 2014, the decision to cease operating the Armand Dupree business in the United States, the Nutrimetics business in Thailand and a manufacturing plant in India. In 2014, the Other caption included a write-off of $1.1 million in capitalized software in connection with a new information systems project.

Pretax costs incurred in connection with the re-engineering program included above and other amounts allocated to cost of products sold were as follows:

(In millions)	2016		2015		2014
Re-engineering charges	$	7.6	$	6.8	$	11.0
Cost of products sold	—		—		2.3
Total pretax re-engineering costs	$	7.6	$	6.8	$	13.3

The balances included in accrued liabilities related to re-engineering and impairment charges as of December 31, 2016, December 26, 2015, and December 27, 2014 were as follows:

(In millions)	2016			2015			2014
Beginning balance	$	1.7		$	2.4		$	2.6
Provision	7.6			6.8			11.0
Non-cash charges	(0.3		)	(0.2		)	(1.8		)
Cash expenditures:
Severance	(5.2		)	(5.8		)	(7.1		)
Other	(2.2		)	(1.5		)	(2.3		)
Ending balance	$	1.6		$	1.7		$	2.4

The accrual balance as of December 31, 2016, related primarily to severance payments to be made by the end of the second quarter of 2017. In connection with the decision to cease operating the Armand Dupree business in the United States and the Nutrimetics business in Thailand, the Company recorded in 2014 charges of $1.9 million and $0.4 million, respectively, in cost of sales for inventory obsolescence.

In February 2015, the Venezuelan government launched an overhaul of its foreign currency exchange structure and created a new exchange mechanism called Simadi that provided an exchange rate significantly lower than the rate available to the Company at that time. As a result, and based on the perceived impact of this change to the operations of its Venezuelan unit, the Company deemed this change to be a triggering event to evaluate the $15.7 million of long-term fixed assets in Venezuela at that time. This evaluation involved performing an undiscounted cash flow analysis to determine if the carrying value of the assets were recoverable and whether the amount included on the balance sheet was greater than fair value. The Company considered many economic and operating factors, including uncertainty surrounding the interpretation and enforcement of certain product pricing restrictions in Venezuela, the inability at that time to obtain the necessary raw materials locally to meet production demands and the significant decline in the global price of oil. Due, at least in part, to the decline of the global price of oil, the Venezuelan government has not made U.S. dollars widely available through any of the exchange mechanisms it has had in place. Given the devaluation of the Venezuelan bolivar compared with the U.S. dollar, and the lack of U.S dollars available to use for the purchase of raw materials for on-going operations, the Company did not believe it would be able to operate the business profitably. As a result, the Company concluded that the carrying value of the long-term fixed assets in Venezuela was not recoverable. The Company then estimated the fair value of the long-term fixed assets using estimated selling prices available in Venezuela. The primary assets that were considered to continue to maintain a marketable value in Venezuela included commercial office space, a show room and parking spaces. As a result of this evaluation in the first quarter of 2015, the Company recorded an impairment charge of $13.5 million to reduce the long-term fixed asset carrying value in Venezuela to the $2.2 million estimated fair value at that time, which is considered a non-recurring Level 3 measurement within the fair value hierarchy.

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Inventories

12 Months Ended

Dec. 31, 2016

Inventory, Net [Abstract]

Inventories

Inventories

(In millions)	2016		2015
Finished goods	$	189.4	$	203.2
Work in process	23.0		21.0
Raw materials and supplies	28.0		30.4
Total inventories	$	240.4	$	254.6

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Property, Plant and Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, Plant and Equipment

(In millions)	2016			2015
Land	$	36.7		$	35.3
Buildings and improvements	194.1			194.1
Molds	624.7			624.7
Production equipment	264.3			270.6
Distribution equipment	37.4			36.3
Computer/telecom equipment	45.2			46.2
Furniture and fixtures	15.8			10.9
Capitalized software	69.5			76.0
Construction in progress	29.3			26.6
Total property, plant and equipment	1,317.0			1,320.7
Less accumulated depreciation	(1,057.2		)	(1,067.1		)
Property, plant and equipment, net	$	259.8		$	253.6

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Accrued and Other Liabilities

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

Accrued and Other Liabilities

Accrued and Other Liabilities

Accrued Liabilities

(In millions)	2016		2015
Income taxes payable	$	23.1	$	25.0
Compensation and employee benefits	73.0		83.4
Advertising and promotion	57.6		62.1
Taxes other than income taxes	24.5		22.3
Pensions	2.7		4.0
Post-retirement benefits	1.7		1.9
Dividends payable	34.4		34.3
Foreign currency contracts	31.7		14.6
Other	75.3		77.2
Total accrued liabilities	$	324.0	$	324.8

Other Liabilities

(In millions)	2016		2015
Post-retirement benefits	$	15.4	$	16.4
Pensions	123.0		126.4
Income taxes	22.5		18.7
Deferred income tax	17.6		16.9
Other	42.9		36.6
Total other liabilities	$	221.4	$	215.0

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Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The Company's goodwill and intangible assets relate primarily to the December 2005 acquisition of the direct-to-consumer businesses of Sara Lee Corporation.

In the third quarters of 2016 and 2015, the Company completed the annual assessments for all of its reporting units and indefinite-lived intangible assets, concluding there were no impairments. The Company only considers the goodwill balance of $73.2 million associated with the Fuller Mexico reporting unit to be significant relative to total equity.

These assessments included a step 1 impairment evaluation for the goodwill associated with the Fuller Mexico reporting unit as prescribed under ASC 350, Intangibles - Goodwill and Other. The fair value analysis for Fuller Mexico was completed using a combination of the income and market approach with a 75 percent weighting on the income approach. The significant assumptions used in the income approach included estimates regarding future operations and the ability to generate cash flows, including projections of revenue, costs, utilization of assets and capital requirements. The income approach, or discounted cash flow approach, also requires an estimate as to the appropriate discount rate to be used for each entity. The most sensitive estimate in this valuation is the projection of operating cash flows, as these provide the basis for the estimate of fair market value. The Company’s cash flow model used a forecast period of 10 years and a terminal value. The growth rates were determined by reviewing historical results of the operating unit and the historical results of the Company’s other similar business units, along with the expected contribution from growth strategies being implemented. The market approach relies on an analysis of publicly-traded companies similar to Tupperware and deriving a range of revenue and profit multiples. The publicly-traded companies used in the market approach were selected based on their having similar product lines of consumer goods, beauty products and/or companies using a direct-to-consumer distribution method. The resulting multiples were then applied to the reporting unit to determine fair value.

The significant assumptions for the Fuller Mexico step 1 analysis included annual revenue growth rates, beginning in 2017, ranging from 1 percent to 5 percent with an average growth rate of 4 percent, including a 3 percent growth rate used in calculating the terminal value. The discount rate used for Fuller Mexico was 14.8 percent.

The amount by which the estimated fair value of the Fuller Mexico reporting unit exceeded its carrying value, at 20 percent, was more in the third quarter of 2016 than in the 2015 assessment, primarily due to an increase in the estimated fair market value in connection with improved market pricing metrics and other observable market conditions, as well as a lower carrying value in 2016, reflecting the amortization of the definite-lived Fuller tradename. Though the estimated fair value of the reporting unit exceeded its carrying value in the annual assessment, a smaller sales force size and/or operating performance significantly below current expectations, including changes in projected future revenue, profitability and cash flow, as well as higher working capital, interest rates, or cost of capital, could have a negative effect on the fair value of the reporting unit. In addition, the Company is unable to predict, at this time, whether there will be a significant, long-term impact to the Fuller Mexico operations due to the change in the macro-economic environment in connection with the 2016 presidential election in the United States, which did have an impact on the business in the fourth quarter of 2016. Should the Company's programs and strategies to improve the key performance indicators as outlined above not be able to overcome the general trends in the business and/or the macro-economic impacts of the changing dynamic between the United States and Mexican governments, which could impact the long-term discount rate values used in estimating fair value, the estimated fair value of the reporting unit could fall below its carrying value. This could result in recording an impairment to the goodwill of Fuller Mexico, including prior to the 2017 annual assessment.

During the fourth quarter of 2016, the Company made the decision to combine NaturCare Japan and Tupperware Japan into a single operating segment in connection with on-going actions to stream-line operations in that geography. As a result, the goodwill previously associated with the NaturCare reporting unit was re-allocated between Japan, Korea and Malaysia/Singapore based on relative fair value of their respective NaturCare operations. The goodwill now associated with the respective operating segments is not considered significant relative to the total equity of the Company. These changes did not impact the geographical reporting segments.

Other than for the Fuller Mexico reporting unit, management has concluded there is no significant foreseeable risk of failing a future step 1 impairment test, nor is there significant foreseeable risk of the fair value of the indefinite-lived intangible assets falling below their respective carrying values. Given the sensitivity of fair value valuations to changes in cash flow or market multiples, the Company may be required to recognize an impairment of goodwill or indefinite-lived intangible assets in the future due to changes in market conditions or other factors related to the Company’s performance. Actual results below forecasted results or a decrease in the forecasted future results of the Company’s business plans or changes in discount rates could also result in an impairment charge, as could changes in market characteristics including declines in valuation multiples of comparable publicly-traded companies. Impairment charges would have an adverse impact on the Company’s net income and shareholders' equity.

The Company has estimated a 10 year useful life for the Fuller tradename with amortization to be recorded on a straight-line basis. Amortization expense recorded in 2016, 2015 and 2014 related to the Fuller tradename was $7.6 million, $8.8 million, and $10.2 million, respectively. The decreasing annual expense reflects the weakening of the Mexican peso to U.S. dollar exchange rate.

The following table reflects gross goodwill and accumulated impairments allocated to each reporting segment at December 31, 2016, December 26, 2015 and December 27, 2014:

(In millions)	Europe			Asia Pacific			TW North America		Beauty North America			South America			Total
Gross goodwill balance at December 27, 2014	$	30.3		$	75.4		$	16.3	$	142.6		$	4.8		$	269.4
Effect of changes in exchange rates	(1.4		)	(0.7		)	—		(15.1		)	(1.2		)	(18.4		)
Gross goodwill balance at December 26, 2015	28.9			74.7			16.3		127.5			3.6			251.0
Effect of changes in exchange rates	0.4			1.2			—		(15.4		)	0.1			(13.7		)
Gross goodwill balance at December 31, 2016	$	29.3		$	75.9		$	16.3	$	112.1		$	3.7		$	237.3

(In millions)	Europe		Asia Pacific		TW North America		Beauty North America		South America		Total
Cumulative impairments as of December 27, 2014	$	24.5	$	41.3	$	—	$	38.9	$	—	$	104.7
Goodwill impairment	—		—		—		—		—		—
Cumulative impairments as of December 26, 2015	24.5		41.3		—		38.9		—		104.7
Goodwill impairment	—		—		—		—		—		—
Cumulative impairments as of December 31, 2016	$	24.5	$	41.3	$	—	$	38.9	$	—	$	104.7

The gross carrying amount and accumulated amortization of the Company's intangible assets, other than goodwill, were as follows:

	December 31, 2016
(In millions)	Gross Carrying Value		Accumulated Amortization		Net
Indefinite-lived tradenames	$	20.6	$	—	$	20.6
Definite-lived tradename	70.0		23.3		46.7
Total intangible assets	$	90.6	$	23.3	$	67.3

	December 26, 2015
(In millions)	Gross Carrying Value		Accumulated Amortization		Net
Indefinite-lived tradenames	$	20.1	$	—	$	20.1
Definite-lived tradename	81.7		19.1		62.6
Total intangible assets	$	101.8	$	19.1	$	82.7

A summary of the identifiable intangible asset account activity is as follows:

	Year Ended
(In millions)	December 31, 2016			December 26, 2015
Beginning balance	$	101.8		$	116.8
Effect of changes in exchange rates	(11.2		)	(15.0		)
Ending balance	$	90.6		$	101.8

Amortization expense was $7.6 million, $10.2 million and $11.8 million in 2016, 2015 and 2014, respectively. The estimated annual amortization expense associated with the above intangibles for each of the five succeeding years is $7.0 million.

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Financing Obligations

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Financing Obligations

Financing Obligations

Debt Obligations

Debt obligations consisted of the following:

(In millions)	2016			2015
Fixed rate Senior Notes due 2021	$	599.4		$	599.3
Five year Revolving Credit Agreement	104.0			155.8
Belgium facility capital lease	8.4			10.6
Other	0.1			5.0
Total debt obligations	711.9			770.7
Less current portion	(105.9		)	(162.5		)
Long-term debt and capital lease obligations	$	606.0		$	608.2

(Dollars in millions)	2016			2015
Total short-term borrowings at year-end	$	104.0		$	160.4
Weighted average interest rate at year-end	1.5		%	1.5		%
Average short-term borrowings during the year	$	357.4		$	394.9
Weighted average interest rate for the year	1.8		%	1.5		%
Maximum short-term borrowings during the year	$	429.3		$	444.8

Senior Notes

On June 2, 2011, the Company completed the sale of $400 million in aggregate principal amount of 4.75% Senior Notes due June 1, 2021 under an indenture (the "Indenture"), entered into by the Company and its 100% subsidiary, Dart Industries Inc. (the “Guarantor”). These Senior Notes were sold at a discount.

On March 11, 2013, the Company issued and sold an additional $200 million in aggregate principal amount of these notes (both issuances together, the "Senior Notes") in a registered public offering. As a result of the 2013 issuance, the Company recorded a premium of $7.6 million to be amortized over the life of the Senior Notes. The Company also incurred $1.5 million in deferred financing costs.

The Senior Notes were issued under an Indenture between the Company, the Guarantor and Wells Fargo Bank, N.A., as trustee. As security for its obligations under the guarantee of the Senior Notes, the Guarantor has granted a security interest in certain "Tupperware" trademarks and service marks. The guarantee and the lien securing the guarantee may be released under certain customary circumstances specified in the Indenture. These customary circumstances include:

• payment in full of principal of and premium, if any, and interest on the Senior Notes;

• satisfaction and discharge of the Indenture;

• upon legal defeasance or covenant defeasance of the Senior Notes as set forth in the Indenture;

• as to any property or assets constituting Collateral owned by the Guarantor that is released from its Guarantee in accordance with the Indenture;

• with the consent of the Holders of the requisite percentage of Senior Notes in accordance with the Indenture; and

• if the rating on the Senior Notes is changed to investment grade in accordance with the Indenture.

Prior to March 1, 2021, the Company may redeem the Senior Notes, at its option, at a redemption price equal to accrued and unpaid interest and the greater of i) 100 percent of the principal amount to be redeemed; and ii) the present value of the remaining scheduled payments of principal and interest. In determining the present value of the remaining scheduled payments, such payments shall be discounted to the redemption date using a discount rate equal to the Treasury Rate (as defined in the Indenture) plus 30 basis points. On or after March 1, 2021, the redemption price will equal 100 percent of the principal amount of the Senior Notes redeemed.

The Indenture includes covenants which, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, (i) incur indebtedness secured by liens on real property, (ii) enter into sale and leaseback transactions, (iii) consolidate or merge with another entity, or sell or transfer all or substantially all of their properties and assets, and (iv) sell the capital stock of the Guarantor. In addition, upon a change of control, as defined in the Indenture, the Company may be required to make an offer to repurchase the Senior Notes at 101 percent of their principal amount, plus accrued and unpaid interest. The Indenture also contains customary events of default. These restrictions are not expected to impact the Company's operations. As of December 31, 2016, the Company was in compliance with all of its covenants.

Credit Agreement

On June 9, 2015, the Company and its wholly owned subsidiary Tupperware International Holdings B.V. (the “Subsidiary Borrower”), entered into Amendment No. 2 (the "Amendment”) to their multicurrency Amended and Restated Credit Agreement dated September 11, 2013, as amended by Amendment No. 1 dated June 2, 2014 (as so amended, the “Credit Agreement”). The terms and structure of the Credit Agreement remained largely the same. The Amendment (i) reduced the aggregate amount available to the Company and the Subsidiary Borrower under the Credit Agreement from $650 million to $600 million (the “Facility Amount”), (ii) extended the final maturity date of the Credit Agreement from September 11, 2018 to June 9, 2020, and (iii) amended the applicable margins for borrowings and the commitment fee to be generally more favorable for the Company. The Credit Agreement continues to provide (a) a revolving credit facility, available up to the full amount of the Facility Amount, (b) a letter of credit facility, available up to $50 million of the Facility Amount, and (c) a swingline facility, available up to $100 million of the Facility Amount. Each of such facilities is fully available to the Company and is available to the Subsidiary Borrower up to an aggregate amount not to exceed $325 million. The Company is permitted to increase, on up to three occasions, the Facility Amount by a total of up to $200 million (for a maximum aggregate Facility Amount of $800 million), subject to certain conditions including the agreement of the lenders. As of December 31, 2016, the Company had total borrowings of $104.0 million outstanding under its Credit Agreement, with $84.6 million of that amount denominated in euros. The Company routinely increases its revolver borrowings under the Credit Agreement and uncommitted lines during each quarter to fund operating, investing and financing activities and uses cash available at the end of each quarter to reduce borrowing levels. As a result, the Company incurs more interest expense and has higher foreign exchange exposure on the value of its cash and debt during each quarter than would relate solely to the quarter end balances.

Loans made under the Credit Agreement bear interest under a formula that includes, at the Company's option, one of three different base rates. The Company generally selects the London Interbank Offered Rate ("LIBOR") for the applicable currency and interest period as its base for its interest rate. As provided in the Credit Agreement, a margin is added to the base. The applicable margin is determined by a pricing schedule and is based upon the better for the Company of (a) the ratio (the "Consolidated Leverage Ratio") of the consolidated funded indebtedness of the Company and its subsidiaries to the consolidated EBITDA (as defined in the Credit Agreement) of the Company and its subsidiaries for the four fiscal quarters then most recently ended, or (b) the Company’s then existing long-term debt securities rating by Moody’s Investor Service, Inc. or Standard and Poor’s Financial Services, Inc. As of December 31, 2016, the Credit Agreement dictated a base rate spread of 150 basis points, which gave the Company a weighted average interest rate on LIBOR based borrowings of 1.50 percent on borrowings under the Credit Agreement.

The Credit Agreement contains customary covenants that, among other things, generally restrict the Company's ability to incur subsidiary indebtedness, create liens on and sell assets, engage in liquidation or dissolutions, engage in mergers or consolidations, or change lines of business. These covenants are subject to significant exceptions and qualifications. The agreement also has customary financial covenants related to interest coverage and leverage. These restrictions are not expected to impact the Company's operations. As of December 31, 2016, and currently, the Company had considerable cushion under its financial covenants.

The Guarantor unconditionally guarantees all obligations and liabilities of the Company and the Subsidiary Borrower relating to the Credit Agreement as well as the Senior Notes, supported by a security interest in certain "Tupperware" trademarks and service marks.

At December 31, 2016, the Company had $577.0 million of unused lines of credit, including $494.7 million under the committed, secured Credit Agreement, and $82.3 million available under various uncommitted lines around the world. Interest paid on total debt, including forward points on foreign currency contracts, in 2016, 2015 and 2014 was $47.4 million, $47.8 million and $44.0 million, respectively.

Contractual Maturities

Contractual maturities for debt obligations at December 31, 2016 are summarized by year as follows (in millions):

Year ending:	Amount
December 30, 2017	$	105.9
December 29, 2018	1.8
December 28, 2019	1.4
December 26, 2020	1.2
December 25, 2021	600.6
Thereafter	1.0
Total	$	711.9

Capital Leases

In 2007, the Company completed construction of its Tupperware center of excellence manufacturing facility in Belgium. Costs related to the new facility and equipment totaled $24.0 million and were financed through a sale lease-back transaction under two separate leases. The two leases are being accounted for as capital leases and have initial terms of 10 years and 15 years and interest rates of 5.1 percent. In 2010, the Company extended a lease on an additional building in Belgium that was previously accounted for as an operating lease. As a result of renegotiating the terms of the agreement, the lease is now classified as capital and had an initial value of $3.8 million with an initial term of 10 years and an interest rate of 2.9 percent.

Following is a summary of significant capital lease obligations at December 31, 2016 and December 26, 2015:

(In millions)	December 31, 2016		December 26, 2015
Gross payments	$	9.4	$	12.2
Less imputed interest	1.0		1.6
Total capital lease obligation	8.4		10.6
Less current maturity	1.8		1.8
Capital lease obligation - long-term portion	$	6.6	$	8.8

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Derivative Financial Instruments

12 Months Ended

Dec. 31, 2016

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Derivative Financial Instruments

Derivative Financial Instruments

The Company is exposed to fluctuations in foreign currency exchange rates on the earnings, cash flows and financial position of its international operations. Although this currency risk is partially mitigated by the natural hedge arising from the Company's local manufacturing in many markets, a strengthening U.S. dollar generally has a negative impact on the Company. In response to these fluctuations, the Company uses financial instruments to hedge certain of its exposures and to manage the foreign exchange impact to its financial statements. At its inception, a derivative financial instrument used for hedging is designated as a fair value, cash flow or net equity hedge as described in Note 1 to the Consolidated Financial Statements.

Fair value hedges are entered into with financial instruments such as forward contracts, with the objective of limiting exposure to certain foreign exchange risks primarily associated with accounts payable and non-permanent intercompany transactions. For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in current earnings. In assessing hedge effectiveness, the Company excludes forward points, which are considered to be a component of interest expense. In 2016, 2015 and 2014, forward points on fair value hedges resulted in pretax gains of $15.7 million, $14.1 million and $10.3 million, respectively.

The Company also uses derivative financial instruments to hedge foreign currency exposures resulting from certain forecasted purchases and classifies these as cash flow hedges. At initiation, the Company's cash flow hedge contracts are generally for periods ranging from one to fifteen months. The effective portion of the gain or loss on the hedging instrument is recorded in other comprehensive income and is reclassified into earnings as the transactions being hedged are recorded. As such, the balance at the end of the current reporting period in other comprehensive income, related to cash flow hedges, will generally be reclassified into earnings within the next twelve months. The associated asset or liability on the open hedges is recorded in Non-trade amounts receivable or accrued liabilities, as applicable. The balance in accumulated other comprehensive loss, net of tax, resulting from open foreign currency hedges designated as cash flow hedges was a deferred gain of $4.9 million, $4.3 million and $7.8 million as of December 31, 2016, December 26, 2015 and December 27, 2014, respectively. In 2016, 2015 and 2014, the Company recorded in other comprehensive loss, net of tax, net (losses)/gains associated with cash flow hedges of $0.6 million, $(3.5) million and $5.6 million, respectively, which represents the net change to accumulated other comprehensive income on the Company's balance sheet related to these type of hedges.

The Company also uses financial instruments, such as forward contracts and certain euro denominated borrowings under the Company's Credit Agreement, to hedge a portion of its net equity investment in international operations and classifies these as net equity hedges. Changes in the value of these financial instruments, excluding any ineffective portion of the hedges, are included in foreign currency translation adjustments within accumulated other comprehensive loss. The Company recorded, net of tax, in other comprehensive income a net gain of $28.6 million, $54.6 million and $25.5 million associated with these hedges in 2016, 2015 and 2014, respectively. Due to the permanent nature of the investments, the Company does not anticipate reclassifying any portion of these amounts to the income statement in the next twelve months. In assessing hedge effectiveness, the Company excludes forward points, which are included as a component of interest expense.

While the forward contracts used for net equity and fair value hedges of non-permanent intercompany balances mitigate its exposure to foreign exchange gains or losses, they result in an impact to operating cash flows as they are settled, whereas the hedged items do not generate offsetting cash flows. The net cash flow impact of these currency hedges for the years ended 2016, 2015 and 2014 were outflows of $2.7 million, $17.0 million and an inflow of $4.6 million, respectively. The cash flow impact of certain of these exposures is in turn partially offset by certain hedges of net equity.

The Company considers the total notional value of its forward contracts as the best measure of the volume of derivative transactions. As of December 31, 2016 and December 26, 2015, the notional amounts of outstanding forward contracts to purchase currencies were $116.7 million and $141.9 million, respectively, and the notional amounts of outstanding forward contracts to sell currencies were $109.6 million and $137.4 million, respectively. As of December 31, 2016, the notional values of the largest positions outstanding were to purchase U.S. dollars $60.5 million and euro $46.9 million and to sell Mexican pesos $32.6 million.

The following table summarizes the Company's derivative positions, which are the only assets and liabilities recorded at fair value on a recurring basis, and the impact they had on the Company's financial position as of December 31, 2016 and December 26, 2015. Fair values were determined based on third party quotations (Level 2 fair value measurement):

	Asset derivatives					Liability derivatives
		Fair value					Fair value
Derivatives designated as hedging instruments (in millions)	Balance sheet location	2016		2015		Balance sheet location	2016		2015
Foreign exchange contracts	Non-trade amounts receivable	$	41.1	$	21.5	Accrued liabilities	$	31.7	$	14.6

The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the years ended December 31, 2016, December 26, 2015 and December 27, 2014:

Derivatives designated as fair value hedges (in millions)	Location of gain or (loss) recognized in income on derivatives	Amount of gain or (loss) recognized in income on derivatives									Location of gain or (loss) recognized in income on related hedged items	Amount of gain or (loss) recognized in income on related hedged items
		2016			2015			2014				2016		2015		2014
Foreign exchange contracts	Other expense	$	(41.8	)	$	(83.6	)	$	(36.6	)	Other expense		$42.1		$83.8		$35.0

The following table summarizes the impact of Company's hedging activities on comprehensive income for the years ended December 31, 2016, December 26, 2015 and December 27, 2014:

Derivatives designated as cash flow and net equity hedges (in millions)	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)						Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)						Location of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amounts excluded from effectiveness testing)
Cash flow hedging relationships	2016		2015		2014			2016		2015		2014			2016			2015			2014
Foreign exchange contracts	$	6.7	$	14.5	$	15.9	Cost of products sold	$	5.7	$	19.2	$	9.1	Interest expense	$	(5.6	)	$	(7.7	)	$	(4.9	)
Net equity hedging relationships
Foreign exchange contracts	41.0		74.2		38.8		Other expense	—		—		—		Interest expense	(20.8		)	(16.8		)	(13.3		)
Euro denominated debt	3.7		11.1		1.1

The Company's theoretical credit risk for each foreign exchange contract is its replacement cost, but management believes that the risk of incurring credit losses is remote and such losses, if any, would not be material. The Company is also exposed to market risk on its derivative instruments due to potential changes in foreign exchange rates; however, such market risk would be fully offset by changes in the valuation of the underlying items being hedged. For all outstanding derivative instruments, the net accrued gain was $9.4 million, $6.9 million and $4.7 million at December 31, 2016, December 26, 2015 and December 27, 2014, respectively, and were recorded either in Non-trade amounts receivable or accrued liabilities, depending upon the net position of the individual contracts. The notional amounts shown above change based upon the Company's outstanding exposure to fair value fluctuations.

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Fair Value Measurements

12 Months Ended

Dec. 31, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

Due to their short maturities or their insignificance, the carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, accrued liabilities and short-term borrowings approximated their fair values at December 31, 2016 and December 26, 2015. The Company estimates that, based on current market conditions, the value of its 4.75%, 2021 senior notes was $640.8 million at December 31, 2016, compared with the carrying value of $599.4 million. The higher fair value resulted from changes, since issuance, in the corporate debt markets and investor preferences. The fair value of debt is classified as a Level 2 liability, and is estimated using quoted market prices as provided in secondary markets that consider the Company's credit risk and market related conditions. See Note 8 to the Consolidated Financial Statements for discussion of the Company's derivative instruments and related fair value measurements.

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Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

(In millions, net of tax)	Foreign Currency Items			Cash Flow Hedges			Pension and Other Post-retirement Items			Total
December 28, 2013	$	(283.1	)	$	2.2		$	(35.9	)	$	(316.8	)
Other comprehensive income (loss) before reclassifications	(85.2		)	12.7			(14.9		)	(87.4		)
Amounts reclassified from accumulated other comprehensive loss	—			(7.1		)	2.6			(4.5		)
Net other comprehensive income (loss)	(85.2		)	5.6			(12.3		)	(91.9		)
December 27, 2014	$	(368.3	)	$	7.8		$	(48.2	)	$	(408.7	)
Other comprehensive income (loss) before reclassifications	(122.3		)	11.3			8.9			(102.1		)
Amounts reclassified from accumulated other comprehensive loss	—			(14.8		)	3.6			(11.2		)
Net other comprehensive income (loss)	(122.3		)	(3.5		)	12.5			(113.3		)
December 26, 2015	$	(490.6	)	$	4.3		$	(35.7	)	$	(522.0	)
Other comprehensive income (loss) before reclassifications	(53.7		)	4.9			(0.9		)	(49.7		)
Amounts reclassified from accumulated other comprehensive loss	—			(4.3		)	4.5			0.2
Net other comprehensive income (loss)	(53.7		)	0.6			3.6			(49.5		)
December 31, 2016	$	(544.3	)	$	4.9		$	(32.1	)	$	(571.5	)

Pretax amounts reclassified from accumulated other comprehensive loss that related to cash flow hedges consisted of net gains of $5.7 million, $19.2 million and $9.1 million in 2016, 2015 and 2014, respectively. Associated with these items were tax provisions of $1.4 million, $4.4 million and $2.0 million in 2016, 2015 and 2014, respectively. See Note 8 for further discussion of derivatives.

In 2016, 2015 and 2014, pretax amounts reclassified from accumulated other comprehensive loss related to pension and other post-retirement items consisted of prior service benefits of $1.2 million, $1.3 million and $0.8 million, respectively, and pension settlement costs of $3.9 million, $1.6 million and $1.8 million, respectively, and actuarial losses of $2.6 million, $4.5 million and $2.6 million, respectively. Associated with these items were tax benefits of $0.8 million, $1.2 million and $1.0 million, respectively. See Note 13 for further discussion of pension and other post-retirement benefit costs.

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Statements of Cash Flows Supplemental Disclosure

12 Months Ended

Dec. 31, 2016

Supplemental Cash Flow Elements [Abstract]

Statements of Cash Flows Supplemental Disclosure

Statements of Cash Flows Supplemental Disclosure

Under the Company's stock incentive programs, employees are allowed to use shares retained by the Company to satisfy minimum statutorily required withholding taxes in certain jurisdictions. In 2016, 2015 and 2014, 30,703, 22,344 and 102,405 shares, respectively, were retained to fund withholding taxes, with values totaling $1.7 million, $1.5 million and $8.0 million, respectively, which were included as a component of stock repurchases in the Consolidated Statement of Cash Flows.

During the first quarter of 2014 and the fourth quarter of 2015, the Company entered into joint ventures with a real estate development partner. The Company contributed land to each joint venture in exchange for 50 percent ownership in each joint venture. The carrying value of the land contributed in 2015 and 2014 was $0.8 million and $3.1 million, respectively. The joint ventures were sold in the third quarter of 2016 with the related proceeds recorded under the proceeds from disposal of property, plant and equipment caption in the Consolidated Statement of Cash flows.

There were no capital lease arrangements initiated in 2016, 2015 or 2014.

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Income Taxes

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

For income tax purposes, the domestic and foreign components of income (loss) before taxes were as follows:

(In millions)	2016			2015			2014
Domestic	$	(44.8	)	$	(67.5	)	$	(35.5	)
Foreign	346.1			327.4			333.7
Total	$	301.3		$	259.9		$	298.2

The domestic and foreign components of income (loss) before taxes reflect adjustments as required under certain advanced pricing agreements and exclude repatriation of foreign earnings to the United States.

The provision (benefit) for income taxes was as follows:

(In millions)	2016			2015			2014
Current:
Federal	$	(23.8	)	$	(22.8	)	$	11.5
Foreign	114.1			92.6			114.8
State	1.4			(0.8		)	1.5
	91.7			69.0			127.8
Deferred:
Federal	(14.7		)	(13.8		)	(40.6		)
Foreign	0.2			18.2			(1.9		)
State	0.5			0.7			(1.5		)
	(14.0		)	5.1			(44.0		)
Total	$	77.7		$	74.1		$	83.8

The differences between the provision for income taxes and income taxes computed using the U.S. federal statutory rate were as follows:

(In millions)	2016			2015			2014
Amount computed using statutory rate	$	105.5		$	91.0		$	104.4
Increase (reduction) in taxes resulting from:
Net impact from repatriating foreign earnings and direct foreign tax credits	(16.3		)	(7.9		)	(17.7		)
Foreign income taxes	(7.5		)	(4.6		)	(20.6		)
Impact of non-deductible currency translation losses	—			3.1			19.0
Impact of changes in U.S. tax legislation	(2.7		)	—			—
Other changes in valuation allowances for deferred tax assets	(0.1		)	(0.4		)	(0.5		)
Foreign and domestic tax audit settlement and adjustments	—			(2.4		)	—
Other	(1.2		)	(4.7		)	(0.8		)
Total	$	77.7		$	74.1		$	83.8

The effective tax rates are below the U.S. statutory rate, primarily reflecting the availability of excess foreign tax credits, as well as lower foreign effective tax rates. During 2014, the tax rate was impacted by the devaluation of the Venezuelan bolivar that generated losses for which there was no tax benefit.

Deferred tax assets (liabilities) were composed of the following:

(In millions)	2016			2015
Purchased intangibles	$	(21.7	)	$	(26.6	)
Other	(14.1		)	(9.2		)
Gross deferred tax liabilities	(35.8		)	(35.8		)
Credit and net operating loss carry forwards (net of unrecognized tax benefits)	301.2			293.6
Employee benefits accruals	63.1			63.2
Deferred costs	92.2			80.7
Fixed assets basis differences	22.4			33.6
Capitalized intangibles	34.2			32.7
Other accruals	32.1			27.8
Accounts receivable	11.3			10.5
Post-retirement benefits	7.1			7.5
Depreciation	13.4			7.2
Inventory	6.4			10.0
Gross deferred tax assets	583.4			566.8
Valuation allowances	(24.8		)	(23.1		)
Net deferred tax assets	$	522.8		$	507.9

At December 31, 2016, the Company had domestic federal loss carryforward of $18.0 million, resulting in a domestic deferred tax asset of $6.4 million and state loss carry forwards of $161.0 million, state deferred tax assets of $6.0 million and a valuation allowance of $3.7 million. The Company had foreign net operating loss carry forwards of $213.8 million, resulting in a deferred tax asset of $62.2 million and a valuation allowance of $21.1 million. Of the total foreign and domestic net operating loss carry forwards, $304.2 million expire at various dates from 2017 to 2036, while the remainder have unlimited lives. This balance included net deferred tax assets of $6.4 million for federal net operating losses, which would expire in the years 2020 through 2035 if not utilized, $25.2 million of foreign net operating losses which would expire in 2026 if not utilized and no foreign net operating losses which would expire in 2017. During 2016, the Company realized net cash benefits of $1.4 million related to foreign net operating loss carry forwards. At December 31, 2016 and December 26, 2015, the Company had estimated gross foreign tax credit carry forwards of $215.0 million and $218.6 million, respectively, most of which would expire in 2018 through 2025 if not utilized. Deferred costs in December 31, 2016 included assets of $92.8 million related to advanced payment agreements entered into by the Company with its foreign subsidiaries, which are expected to reverse during the next three years.

As of December 31, 2016 and December 26, 2015, the Company's gross unrecognized tax benefit was $20.7 million and $21.8 million, respectively. During the year ended December 31, 2016, the accrual for uncertain tax positions decreased by $3.1 million primarily due to the expiration of the statute of limitations in various jurisdictions. During the year, the balance increased due to uncertain positions taken in various foreign tax jurisdictions that were partially offset by the impact of changes in foreign exchange rates. These valuation allowances relate to tax assets in jurisdictions where it is management's best estimate that there is not a greater than 50 percent probability that the benefit of the assets will be realized in the associated tax returns. This assessment is based upon expected future domestic results, future foreign dividends from then current year earnings and cash flows and other foreign source income, including rents and royalties, as well as anticipated gains related to future sales of land held for development near the Company's Orlando, Florida headquarters. In addition, certain tax planning transactions may be entered into to facilitate realization of these benefits. The likelihood of realizing the benefit of deferred tax assets is assessed on an ongoing basis. Consequently, future material changes in the valuation allowance are possible. The credit and net operating loss carry forwards increased by $7.6 million, in 2016, primarily due to an increase in credits for net operating losses. The increase in deferred costs of $11.5 million in 2016, was due to increase related to advanced payments during the year, netted against reversals of prior year payments.

The Company paid income taxes in 2016, 2015 and 2014 of $108.3 million, $106.4 million and $117.0 million, respectively. The Company has a foreign subsidiary which receives a tax holiday that expires in 2020. The net benefit of this and other expired tax holidays was $1.3 million, $2.6 million and $3.4 million in 2016, 2015 and 2014, respectively.

As of December 31, 2016 and December 26, 2015, the Company's gross unrecognized tax benefit was $20.7 million and $21.8 million, respectively. The Company estimates that approximately $19.2 million of the unrecognized tax benefits, if recognized, would impact the effective tax rate. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(In millions)	2016			2015			2014
Balance, beginning of year	$	21.8		$	22.5		$	27.4
Additions based on tax positions related to the current year	2.7			3.3			3.9
Additions for tax positions of prior year	1.2			3.4			1.2
Reduction for tax positions of prior years	(1.2		)	(1.6		)	(3.1		)
Settlements	—			(1.1		)	(1.9		)
Reductions for lapse in statute of limitations	(3.1		)	(3.2		)	(3.7		)
Impact of foreign currency rate changes versus the U.S. dollar	(0.7		)	(1.5		)	(1.3		)
Balance, end of year	$	20.7		$	21.8		$	22.5

Interest and penalties related to uncertain tax positions in the Company's global operations are recorded as a component of the provision for income taxes. Accrued interest and penalties were $7.1 million and $6.0 million as of December 31, 2016 and December 26, 2015, respectively. Interest and penalties included in the provision for income taxes totaled $1.1 million and $0.9 million for 2016 and 2014, respectively and no significant interest and penalties included in the provision for income taxes for 2015.

During the year ended December 31, 2016, the accrual for uncertain tax positions decreased by $3.1 million primarily due to the expiration of the statute of limitations in various jurisdictions. During the year, increases in uncertain positions being taken during the year in various foreign tax jurisdictions were partially offset by the impact of changes in foreign exchange rates.

During the year ended December 26, 2015, the accrual for uncertain tax positions decreased by $1.1 million primarily as a result of the Company agreeing to tax settlements in various foreign jurisdictions, as well as a $3.2 million decrease of accruals for uncertain tax positions due to the expiration of the statute of limitations in various jurisdictions. During the year, increases in uncertain positions being taken in various foreign tax jurisdictions were partially offset by the impact of changes in foreign exchange rates.

During the year ended December 27, 2014, the accrual for uncertain tax positions decreased by $1.9 million primarily as a result of the Company agreeing to transfer pricing settlements in various foreign jurisdictions and entering into an Advanced Pricing Agreement, as well as a $3.7 million decrease of accruals for uncertain tax positions due to the expiration of the statute of limitations in various jurisdictions. During the year, increases in uncertain positions being taken in various foreign tax jurisdictions were partially offset by the impact of foreign exchange rates.

The Company operates globally and files income tax returns in the United States with federal and various state agencies, and in foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The Company is no longer subject to income tax examination in the following major jurisdictions: for U.S. tax for years before 2002, Australia (2011), Brazil (2005), China (2004), France (2011), Germany (2011), Greece (2009), India (2002), Indonesia (2009), Italy (2011), Malaysia (2009), Mexico (2005), and South Africa (2010), with limited exceptions.

The Company estimates that it may settle one or more foreign and domestic audits in the next twelve months that may result in a decrease in the amount of accrual for uncertain tax positions of up to $2.0 million. For the remaining balance as of December 31, 2016, the Company is not able to reliably estimate the timing or ultimate settlement amount. While the Company does not currently expect material changes, it is possible that the amount of unrecognized benefit with respect to the uncertain tax positions will significantly increase or decrease related to audits in various foreign jurisdictions that may conclude during that period or new developments that could also, in turn, impact the Company's assessment relative to the establishment of valuation allowances against certain existing deferred tax assets. At this time, the Company is not able to make a reasonable estimate of the range of impact on the balance of unrecognized tax benefits or the impact on the effective tax rate related to these items.

As of December 31, 2016, the Company had foreign undistributed earnings of $1.2 billion where it is the Company's intent that the earnings be reinvested indefinitely. Consequently, the Company has not provided for U.S. deferred income taxes on these undistributed earnings. The determination of the amount of unrecognized deferred U.S. income tax liability associated with these undistributed earnings is not practicable because of the complexities associated with the calculation.

The Company recognized $1.7 million of expense, and $6.0 million and $6.3 million of benefits for deductions, associated with the exercise of employee stock options in 2016, 2015 and 2014, respectively. These changes were added directly to paid-in capital, and were not reflected in the provision for income taxes.

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Retirement Benefit Plans

12 Months Ended

Dec. 31, 2016

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Retirement Benefit Plans

Retirement Benefit Plans

The Company has various defined benefit pension plans covering substantially all domestic employees employed as of June 30, 2005, except those employed by Beauticontrol, and certain employees in other countries. In addition to providing pension benefits, the Company provides certain post-retirement healthcare and life insurance benefits for selected U.S. and Canadian employees. Employees may become eligible for these benefits if they reach normal retirement age while working for the Company or satisfy certain age and years of service requirements. The medical plans are contributory for most retirees with contributions adjusted annually, and contain other cost-sharing features, such as deductibles and coinsurance. The medical plans include an allowance for Medicare for post-65 age retirees. Most employees and retirees outside the United States are covered by government healthcare programs.

The Company uses its fiscal year end as the measurement date for its plans. The funded status of all of the Company's plans was as follows:

	U.S. plans												Foreign plans
	Pension benefits						Post-retirement benefits						Pension benefits
(In millions)	2016			2015			2016			2015			2016			2015
Change in benefit obligations:
Beginning balance	$	59.2		$	67.6		$	18.3		$	20.4		$	183.3		$	197.7
Service cost	0.3			0.3			0.1			0.1			11.3			10.3
Interest cost	2.2			2.3			0.7			0.7			4.5			4.5
Actuarial (gain) loss	(2.9		)	(8.6		)	(0.2		)	(1.0		)	7.3			(0.6		)
Benefits paid	(0.9		)	(2.2		)	(1.9		)	(1.8		)	(7.8		)	(11.1		)
Impact of exchange rates	—			—			—			(0.1		)	(11.0		)	(16.8		)
Plan participant contributions	—			—			—			—			0.8			4.2
Settlements/Curtailments	(8.1		)	(0.2		)	—			—			(8.8		)	(4.9		)
Ending balance	$	49.8		$	59.2		$	17.0		$	18.3		$	179.6		$	183.3
Change in plan assets at fair value:
Beginning balance	$	33.9		$	35.5		$	—		$	—		$	78.2		$	79.3
Actual return on plan assets	2.8			0.3			—			—			2.2			3.1
Company contributions	—			0.8			1.9			1.8			14.2			12.1
Plan participant contributions	—			—			—			—			0.8			4.2
Benefits and expenses paid	(1.6		)	(2.5		)	(1.9		)	(1.8		)	(7.8		)	(11.1		)
Impact of exchange rates	—			—			—			—			(1.9		)	(4.6		)
Settlements	(8.1		)	(0.2		)	—			—			(8.8		)	(4.8		)
Ending balance	$	27.0		$	33.9		$	—		$	—		$	76.9		$	78.2
Funded status of plans	$	(22.8	)	$	(25.3	)	$	(17.0	)	$	(18.3	)	$	(102.7	)	$	(105.1	)

Amounts recognized in the balance sheet consisted of:

(In millions)	December 31, 2016			December 26, 2015
Accrued benefit liability	$	(142.5	)	$	(148.7	)
Accumulated other comprehensive loss (pretax)	44.4			47.6

Items not yet recognized as a component of pension expense as of December 31, 2016 and December 26, 2015 consisted of:

	2016					2015
(In millions)	Pension Benefits		Post-retirement Benefits			Pension Benefits		Post-retirement Benefits
Transition obligation	$	2.2	$	—		$	2.1	$	—
Prior service cost (benefit)	1.1		(7.3		)	1.2		(8.7		)
Net actuarial loss	47.4		1.0			51.7		1.3
Accumulated other comprehensive loss(income) pretax	$	50.7	$	(6.3	)	$	55.0	$	(7.4	)

Components of other comprehensive loss (income) for the years ended December 31, 2016 and December 26, 2015 consisted of the following:

	2016						2015
(In millions)	Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits
Net prior service cost (benefit)	—			1.3			(0.1		)	1.9
Net actuarial (gain)	(12.3		)	(0.2		)	(13.2		)	(1.6		)
Impact of exchange rates	8.0			—			(5.6		)	—
Other comprehensive (income) loss	$	(4.3	)	$	1.1		$	(18.9	)	$	0.3

In 2017, the Company expects to recognize a prior service benefit of approximately $1.4 million and a net actuarial loss of $2.1 million as components of pension and post-retirement expense.

The accumulated benefit obligation for all defined benefit pension plans at December 31, 2016 and December 26, 2015 was $205.7 million and $211.1 million, respectively. At December 31, 2016 and December 26, 2015, the accumulated benefit obligations of certain pension plans exceeded those respective plans' assets. For those plans, the accumulated benefit obligations were $196.9 million and $185.3 million, and the fair value of their assets was $93.7 million and $83.7 million as of December 31, 2016 and December 26, 2015, respectively. At December 31, 2016 and December 26, 2015, the benefit obligations of the Company's significant pension plans exceeded those respective plans' assets. The accrued benefit cost for the pension plans is reported in accrued liabilities and other long-term liabilities.

The costs associated with all of the Company's plans were as follows:

	Pension benefits									Post-retirement benefits
(Dollars in millions)	2016			2015			2014			2016			2015			2014
Components of net periodic benefit cost:
Service cost and expenses	$	11.8		$	10.8		$	10.8		$	0.1		$	0.1		$	0.1
Interest cost	6.7			6.9			8.6			0.7			0.7			1.1
Return on plan assets	(5.3		)	(5.3		)	(5.8		)	—			—			—
Settlement/Curtailment	3.9			1.7			1.8			—			—			—
Employee contributions	(0.2		)	(0.2		)	(0.3		)	—			—			—
Net deferral	2.7			4.5			2.7			(1.3		)	(1.3		)	(0.6		)
Net periodic benefit cost (income)	$	19.6		$	18.4		$	17.8		$	(0.5	)	$	(0.5	)	$	0.6
Weighted average assumptions:
U.S. plans
Discount rate, net periodic benefit cost	3.9		%	3.6		%	3.9		%	4.0		%	3.8		%	4.5		%
Discount rate, benefit obligations	3.7			3.9			3.5			4.0			4.0			3.8
Return on plan assets	8.3			8.3			8.3			n/a			n/a			n/a
Salary growth rate, net periodic benefit cost	—			3.0			3.0			n/a			n/a			n/a
Salary growth rate, benefit obligations	—			—			3.0			n/a			n/a			n/a
Foreign plans
Discount rate	2.3		%	2.4		%	2.6		%	n/a			n/a			n/a
Return on plan assets	3.2			3.4			3.8			n/a			n/a			n/a
Salary growth rate	2.9			3.1			3.2			n/a			n/a			n/a

____________________

n/a    Not applicable

The Company has established strategic asset allocation percentage targets for significant asset classes with the aim of achieving an appropriate balance between risk and return. The Company periodically revises asset allocations, where appropriate, in an effort to improve return and/or manage risk. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. The market-related value of plan assets is based on long-term expectations given current investment objectives and historical results. The expected rate of return assumption used by the Company to determine the benefit obligation for its U.S. and foreign plans for 2016 was 8.3 percent and 3.2 percent, respectively, and 8.3 percent and 3.4 percent for 2015, respectively.

The Company determines the discount rate primarily by reference to rates on high-quality, long term corporate and government bonds that mature in a pattern similar to the expected payments to be made under the various plans. The weighted average discount rates used to determine the benefit obligation for its U.S. and foreign plans for 2016 was 3.7 percent and 2.3 percent, respectively, and 3.9 percent and 2.4 percent for 2015, respectively.

Effective January 1, 2015, Medicare eligible participants were moved from the self-insured employer plan to a private Medicare exchange, receiving a fixed subsidy from the Company. The Company no longer uses the assumed healthcare cost trends to value its post-retirement benefits obligation.

The Company sponsors a number of pension plans in the United States and in certain foreign countries. There are separate investment strategies in the United States and for each unit operating internationally that depend on the specific circumstances and objectives of the plans and/or to meet governmental requirements. The Company's overall strategic investment objectives are to preserve the desired funded status of its plans and to balance risk and return through a wide diversification of asset types, fund strategies and investment managers. The asset allocation depends on the specific strategic objectives for each plan and is rebalanced to obtain the target asset mix if the percentages fall outside of the range considered acceptable. The investment policies are reviewed from time to time to ensure consistency with long-term objectives. Options, derivatives, forward and futures contracts, short positions, or margined positions may be held in reasonable amounts as deemed prudent. For plans that are tax-exempt, any transactions that would jeopardize this status are not allowed. Lending of securities is permitted in some cases in which appropriate compensation can be realized. While the Company's plans do not invest directly in its own stock, it is possible that the various plans' investments in mutual, commingled or indexed funds or insurance contracts (GIC's) may hold ownership of Company securities. The investment objectives of each unit are more specifically outlined below.

The Company's weighted-average asset allocations at December 31, 2016 and December 26, 2015, by asset category, were as follows:

	2016				2015
Asset category	U.S. plans		Foreign plans		U.S. plans		Foreign plans
Equity securities	62	%	27	%	63	%	27	%
Fixed income securities	38		16		37		16
Cash and money market investments	—		6		—		6
Guaranteed contracts	—		50		—		50
Other	—		1		—		1
Total	100	%	100	%	100	%	100	%

The fair value of the Company's pension plan assets at December 31, 2016 by asset category was as follows:

Description of assets (in millions)		December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Domestic plans:
	Common/collective trust (a)	$	27.0	$	—	$	27.0	$	—
Foreign plans:
Australia	Investment fund (b)	2.6		—		2.6		—
Switzerland	Guaranteed insurance contract (c)	28.5		—		—		28.5
Germany	Guaranteed insurance contract (c)	5.0		—		—		5.0
Belgium	Mutual fund (d)	21.8		21.8		—		—
Austria	Guaranteed insurance contract (c)	0.4		—		—		0.4
Korea	Guaranteed insurance contract (c)	4.0		—		—		4.0
Japan	Common/collective trust (e)	10.9		—		10.9		—
Philippines	Fixed income securities (f)	1.4		1.4		—		—
	Equity fund (f)	2.3		2.3		—		—
Total		$	103.9	$	25.5	$	40.5	$	37.9

The fair value of the Company's pension plan assets at December 26, 2015 by asset category was as follows:

Description of assets (in millions)		December 26, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Domestic plans:
	Common/collective trust (a)	$	33.9	$	—	$	33.9	$	—
Foreign plans:
Australia	Investment fund (b)	2.3		—		2.3		—
Switzerland	Guaranteed insurance contract (c)	30.9		—		—		30.9
Germany	Guaranteed insurance contract (c)	5.0		—		—		5.0
Belgium	Mutual funds (d)	21.8		21.8		—		—
Austria	Guaranteed insurance contract (c)	0.4		—		—		0.4
Korea	Guaranteed insurance contract (c)	2.4		—		—		2.4
Japan	Common/collective trust (e)	11.1		—		11.1		—
Philippines	Fixed income securities (f)	1.4		1.4		—		—
	Equity fund (f)	2.9		2.9		—		—
Total		$	112.1	$	26.1	$	47.3	$	38.7

____________________

(a) The investment strategy of the U.S. pension plan for each period presented was to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 60 percent in equity securities and 40 percent in fixed income securities. As of the years ended December 31, 2016 and December 26, 2015, the common trusts held 62 percent and 63 percent of its assets in equity securities and 38 percent and 37 percent in fixed income securities, respectively. The percentage of funds invested in equity securities at the end of 2016 and 2015, included: 10 percent in international stocks, 20 percent in small U.S. stocks in each year, and 32 percent and 33 percent in large U.S. stocks, respectively. The common trusts are comprised of shares or units in commingled funds that are not publicly traded. The underlying assets in these funds (equity securities and fixed income securities) are valued using quoted market prices.

(b) For each period presented, the strategy of this fund is to achieve a long-term net return of at least 4 percent above inflation based on the Australian consumer price index over a rolling five-year period. The investment strategy is to invest mainly in equities and property, which are expected to earn relatively higher returns over the long term. The fair value of the fund is determined using the net asset value per share using quoted market prices or other observable inputs in active markets. As of December 31, 2016 and December 26, 2015, the percentage of funds held in investments included: Australian equities of 31 percent and 29 percent, other equities of listed companies outside of Australia of 41 percent and 42 percent, real estate of 9 percent and 10 percent, respectively, and government and corporate bonds of 12 percent and cash of 7 percent in each year.

(c) The strategy of the Company's plans in Austria, Germany, Korea and Switzerland is to seek to ensure the future benefit payments of their participants and manage market risk. This is achieved by funding the pension obligations through guaranteed insurance contracts. The plan assets operate similar to investment contracts whereby the interest rate, as well as the surrender value, is guaranteed. The fair value is determined as the contract value, using a guaranteed rate of return which will increase if the market performance exceeds that return.

(d) The strategy of the Belgian plan in each period presented is to seek to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 62 percent in equity securities and 38 percent in fixed income securities. The fair value of the fund is calculated using the net asset value per share as determined by the quoted market prices of the underlying investments. As of December 31, 2016 and December 26, 2015, the percentage of funds held in various asset classes included: large-cap equities of European companies of 27 percent and 24 percent, small-cap equities of European companies of 17 percent and 19 percent, bonds, primarily from European and U.S. governments, of 32 percent and 31 percent, and money market fund of 17 percent and 18 percent, and equities outside of Europe, mainly in the U.S. and emerging markets, 7 percent and 8 percent, respectively.

(e) The Company's strategy is to invest approximately 47 percent of assets to benefit from the higher expected returns from long-term investments in equities and to invest 53 percent of assets in short-term low investment risk instruments to fund near term benefits payments. The target allocation for plan assets to implement this strategy is 40 percent equities in Japanese listed securities, 7 percent in equities outside of Japan, 3 percent in cash and other short-term investments and 50 percent in domestic Japanese bonds. This strategy has been achieved through a collective trust that held 100 percent of total funded assets as of December 31, 2016 and December 26, 2015. As of the end of December 31, 2016 and December 26, 2015, the allocation of funds within the common collective trust included: 40 percent and 50 percent in Japanese equities, 50 percent and 40 percent in Japanese bonds, respectively, and 7 percent in equities of companies based outside of Japan and 3 percent in cash and other short term investments in each year. The fair value of the collective trust is determined by the market value of the underlying shares, which are traded in active markets.

(f) In both years, the investment strategy in the Philippines was to achieve an appropriate balance between risk and return, from a diversified portfolio of Philippine peso denominated bonds and equities. The target asset class allocations is 57 percent in equity securities, 38 percent fixed income securities and 5 percent in cash and deposits. The fixed income securities at year end included assets valued using a weighted average of completed deals on similarly termed government securities, as well as balances invested in short term deposit accounts. The equity index fund was valued at the closing price of the active market in which it was traded.

The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3):

	Year Ending
(In millions)	December 31, 2016			December 26, 2015
Beginning balance	$	38.7		$	36.7
Realized gains	0.9			0.7
Purchases, sales and settlements, net	(0.4		)	2.5
Impact of exchange rates	(1.3		)	(1.2		)
Ending balance	$	37.9		$	38.7

The Company expects to contribute $10.4 million to its U.S. and foreign pension plans and $1.8 million to its other U.S. post-retirement benefit plan in 2017.

The Company also has several savings, thrift and profit-sharing plans. Its contributions to these plans are in part based upon various levels of employee participation. The total cost of these plans was $6.1 million, $7.4 million and $8.7 million for 2016, 2015 and 2014, respectively.

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid from the Company's U.S. and foreign plans (in millions):

Years	Pension benefits		Post-retirement benefits		Total
2017		$13.2		$1.8		$15.0
2018	15.9		1.7		17.6
2019	22.7		1.6		24.3
2020	11.7		1.5		13.2
2021	12.2		1.4		13.6
2022-2026	66.6		5.8		72.4

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Incentive Compensation Plans

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Incentive Compensation Plans

Incentive Compensation Plans

On May 24, 2016, the shareholders of the Company approved the adoption of the Tupperware Brands Corporation 2016 Incentive Plan (the “2016 Incentive Plan”). The 2016 Incentive Plan provides for the issuance of cash and stock-based incentive awards to employees, directors and certain non-employee participants. Stock-based awards may be in the form of stock options, restricted stock, restricted stock units, performance vesting and market vesting awards. Under the plan, awards that are canceled or expire are added back to the pool of available shares. When the 2016 Incentive Plan was approved, the number of shares of the Company's common stock available for stock-based awards under the plan totaled 3,500,000, plus remaining shares available for issuance under the Tupperware Brands Corporation 2010 Incentive Plan, the Tupperware Brands Corporation 2006 Incentive Plan and the Tupperware Brands Corporation Director Stock Plan. Shares may no longer be granted under the plans adopted before 2016. The total number of shares available for grant under the 2016 Incentive Plan as of December 31, 2016 was 4,050,366.

Under the 2016 Incentive Plan, non-employee directors receive approximately one-half of their annual retainers in the form of stock and may elect to receive the balance of their annual retainers in the form of stock or cash. In addition, each non-employee director is eligible to receive a stock award in such form, at such time and in such amount as may be determined by the Nominating and Governance Committee of the Board of Directors.

Stock Options

Stock options to purchase the Company's common stock are granted to employees and directors, upon approval by the Company's Board of Directors, with an exercise price equal to the fair market value of the stock on the date of grant. Options generally become exercisable in three years, in equal installments beginning one year from the date of grant, and generally expire 10 years from the date of grant. The fair value of the Company's stock options is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used in the last three years:

	2016		2015		2014
Dividend yield	4.7	%	4.3	%	3.3	%
Expected volatility	30	%	36	%	40	%
Risk-free interest rate	2.1	%	2.1	%	2.1	%
Expected life	7 years		7 years		7 years

Stock option activity for 2016, under all of the Company's incentive plans, is summarized in the following table:

	Shares subject to option		Weighted average exercise price per share		Aggregate Intrinsic Value (in millions)
Outstanding at December 26, 2015	2,100,478			$56.92
Granted	666,848		58.90
Expired/Forfeited	(12,119	)	59.79
Exercised	(32,242	)	24.54
Outstanding at December 31, 2016	2,722,965			$57.78		$5.2
Exercisable at December 31, 2016	1,601,018			$57.37		$5.2

The intrinsic value of options exercised during 2016, 2015 and 2014 totaled $1.2 million, $20.8 million and $20.4 million, respectively. The average remaining contractual life on outstanding and exercisable options was 7.0 and 5.4, respectively, at the end of 2016. The weighted average estimated grant date fair value of 2016, 2015 and 2014 option grants was $10.67, $13.13 and $19.17 per share, respectively.

Performance Awards, Restricted Stock and Restricted Stock Units

The Company also grants restricted stock, restricted stock units, performance-vested awards and market-vested awards to employees and directors, which typically have initial vesting periods ranging from one to three years. Compensation expense associated with time-vested grants of restricted stock and restricted stock units is equal to the market value of the Company's common stock on the grant date, and is recorded straight-line over the required service period. For performance-vested awards, expense is determined by the market value of the Company's common stock on the grant date and the number of shares ultimately earned as described below and is recorded over the required service period, subject to a probability assessment of achieving the performance criteria. The grant date fair value per share of market-vested awards already reflect the probability of achieving the market condition, and is therefore used to record expense straight line over the performance period regardless of actual achievement.

The incentive program for the performance and market-vested awards are based upon a target number of share units, although the actual number of performance and market-vested shares ultimately earned can vary from zero to 150 percent of target depending on the Company's achievement under the performance criteria of the grants. The payouts, if earned, will be settled in Tupperware common stock after the end of the three year performance period.

The Company's performance-vested awards provide incentive opportunity based on the overall success of the Company over a three year performance period, as reflected through a measure of diluted earnings per share in the 2014 through 2016 grants.

The Company's market-vested awards provide incentive opportunity based on the relative total shareholder return ("rTSR") of the Company's common stock against a group of companies composed of the S&P 400 Mid-cap Consumer Discretionary index and the Company's Compensation Peer Group (collectively, the "Comparative Group") over a three year performance period. The fair value per share of rTSR grants in 2016, 2015 and 2014 was $49.55, $64.21 and $70.85, respectively. The fair value was determined using a Monte-Carlo simulation, which estimated the fair value based on the Company's share price activity between the beginning of the year and the grant date relative to the Comparative Group, expected term of the award, risk-free interest rate, expected dividends, and the expected volatility of the stock of the Company and that of the Comparative Group.

In 2016, as a result of the Company's performance, the estimated number of shares expected to vest increased by 369 shares for the three performance share plans running during 2016.

Restricted stock, restricted stock units, performance-vested and market-vested share award activity for 2016 under all of the Company's incentive plans is summarized in the following table:

	Non-vested Shares outstanding		Weighted average grant date per share fair value
Outstanding at December 26, 2015	550,467			$69.71
Time-vested shares granted	180,207		59.06
Market-vested shares granted	30,019		49.55
Performance shares granted	89,321		49.95
Performance share adjustments	369		58.50
Vested	(221,583	)	72.77
Forfeited	(25,860	)	70.37
Outstanding at December 31, 2016	602,940			$61.28

The vesting date fair value of restricted stock, restricted stock units and performance-vested awards that vested in 2016, 2015 and 2014 was $12.4 million, $20.9 million and $26.8 million, respectively. The weighted-average grant-date fair value per share of these types of awards in 2016, 2015 and 2014 was $55.39, $61.89 and $72.86, respectively.

For awards that are paid in cash, compensation expense is remeasured each reporting period based on the market value of the shares outstanding and is included as a liability on the Consolidated Balance Sheets. Shares outstanding under cash settled awards totaled 18,174, 27,582 and 23,986 shares as of the end of 2016, 2015 and 2014, respectively. These outstanding cash settled awards had a fair value of $1.0 million at the end of 2016 and $1.5 million as of the end of 2015 and 2014.

Compensation expense associated with all stock-based compensation was $20.0 million, $20.0 million and $18.9 million in 2016, 2015 and 2014, respectively. The estimated tax benefit associated with this compensation expense was $7.2 million, $7.2 million and $6.8 million in 2016, 2015 and 2014, respectively. As of December 31, 2016, total unrecognized stock based compensation expense related to all stock based awards was $27.4 million, which is expected to be recognized over a weighted average period of 24 months.

Expense related to earned cash performance awards of $18.7 million, $21.5 million and $13.2 million was included in the Consolidated Statements of Income for 2016, 2015 and December 27, 2014, respectively.

The Company's Board of Directors has authorized up to $2 billion of open market share repurchases under a program that began in 2007 and expires on February 1, 2020. During 2014, under this program, the Company repurchased 1.2 million shares at an aggregate cost of $84.3 million. There were no share repurchases under this program in 2015 and 2016. Since inception of the program, the Company has repurchased 21.3 million shares at an aggregate cost of $1.29 billion.

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Segment Information

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company manufactures and distributes a broad portfolio of products, primarily through independent direct sales consultants. Certain operating segments have been aggregated based upon consistency of economic substance, geography, products, production process, class of customers and distribution method.

Effective from the first quarter of 2016, the Nutrimetics business in France, previously reported in the Asia Pacific segment, is being reported in the Europe segment. Comparable information from prior periods has been reclassified to conform with the new presentation. In full year 2016, Nutrimetics France generated less than one half percent of total sales.

The Company's reportable segments include the following:

Europe	Primarily design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware® brand. Europe also includes Avroy Shlain® in South Africa and Nutrimetics® in France, which sell beauty and personal care products. Some units in Asia Pacific also sell beauty and personal care products under the NaturCare®, Nutrimetics® and Fuller® brands.
Asia Pacific
Tupperware North America
Beauty North America	Premium cosmetics, skin care and personal care products marketed under the Beauticontrol® brand in the United States, Canada and Puerto Rico and the Fuller Cosmetics® brand in Mexico and Central America.
South America	Both housewares and beauty products under the Fuller®, Nutrimetics®, Nuvo® and Tupperware® brands.

Worldwide sales of beauty and personal care products totaled $368.5 million, $428.8 million and $510.8 million in 2016, 2015 and 2014, respectively.

(In millions)	2016			2015			2014
Net sales:
Europe	$	559.4		$	612.9		$	740.6
Asia Pacific	748.6			771.0			839.6
Tupperware North America	358.3			353.7			349.9
Beauty North America	190.0			240.0			290.9
South America	356.8			306.2			385.1
Total net sales	$	2,213.1		$	2,283.8		$	2,606.1
Segment profit:
Europe	$	65.3		$	92.4		$	117.5
Asia Pacific	181.0			175.9			191.7
Tupperware North America	69.7			67.4			68.3
Beauty North America	(3.6		)	2.3			1.3
South America	82.2			46.5			27.1
Total segment profit	$	394.6		$	384.5		$	405.9
Unallocated expenses	(67.6		)	(72.8		)	(55.9		)
Re-engineering and impairment charges (a)	(7.6		)	(20.3		)	(11.0		)
Gains on disposal of assets (b)	27.3			13.7			2.7
Interest expense, net	(45.4		)	(45.2		)	(43.5		)
Income before taxes	$	301.3		$	259.9		$	298.2

(In millions)	2016		2015		2014
Depreciation and amortization:
Europe	$	15.9	$	17.3	$	20.5
Asia Pacific	14.5		14.9		12.8
Tupperware North America	10.2		10.5		9.6
Beauty North America	8.5		10.8		11.8
South America	3.3		4.1		4.2
Corporate	5.1		4.8		4.8
Total depreciation and amortization	$	57.5	$	62.4	$	63.7
Capital expenditures:
Europe	$	15.6	$	18.2	$	18.9
Asia Pacific	12.0		12.3		19.3
Tupperware North America	9.1		9.2		11.8
Beauty North America	2.8		3.4		3.1
South America	12.4		8.9		12.6
Corporate	9.7		9.1		3.7
Total capital expenditures	$	61.6	$	61.1	$	69.4
Identifiable assets:
Europe	$	257.2	$	276.5	$	343.4
Asia Pacific	278.6		290.2		315.3
Tupperware North America	119.0		121.2		137.1
Beauty North America	214.7		254.0		317.0
South America	124.6		96.9		131.1
Corporate	593.7		559.4		525.9
Total identifiable assets	$	1,587.8	$	1,598.2	$	1,769.8

____________________

(a) See Note 2 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

(b) Gains on disposal of assets in 2016, 2015 and 2014 include $26.5 million, $12.9 million and $1.3 million from transactions related to land near the Orlando, FL headquarters.

Sales and segment profit in the preceding table are from transactions with customers, with inter-segment profit eliminated. Sales generated by product line, except beauty and personal care, as opposed to Tupperware^®, are not captured in the financial statements, and disclosure of the information is impractical. Sales to a single customer did not exceed 10 percent of total sales in any segment. In 2016, 2015 and 2014 sales of Tupperware^® and beauty products to customers in Mexico were $282.4 million, $338.9 million and $387.7 million, respectively, while sales in Brazil were $260.4 million, $201.1 million and $225.8 million, respectively. There was no other foreign country in which sales were individually material to the Company's total sales. Sales of Tupperware^® and beauty products to customers in the United States were $204.2 million, $209.4 million and $210.4 million in 2016, 2015 and 2014, respectively. Unallocated expenses are corporate expenses and other items not directly related to the operations of any particular segment.

Corporate assets consist of cash and buildings and assets maintained for general corporate purposes. As of the end of 2016, 2015 and 2014, respectively, long-lived assets in the United States were $88.7 million, $86.6 million and $88.7 million.

As of December 31, 2016 and December 26, 2015, the Company's net investment in international operations was $482.1 million and $429.0 million, respectively. The Company is subject to the usual economic, business and political risks associated with international operations; however, these risks are partially mitigated by the broad geographic dispersion of the Company's operations.

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Commitment and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

The Company and certain subsidiaries are involved in litigation and various legal matters that are being defended and handled in the ordinary course of business. Included among these matters are environmental issues. The Company does not include estimated future legal costs in accruals recorded related to these matters. The Company believes that it is remote that the Company's contingencies will have a material adverse effect on its financial position, results of operations or cash flow.

Kraft Foods, Inc., which was formerly affiliated with Premark International, Inc., the Company's former parent, has assumed any liabilities arising out of certain divested or discontinued businesses. The liabilities assumed include matters alleging product liability, environmental liability and infringement of patents.

Leases. Rental expense for operating leases totaled $33.3 million in 2016, $34.0 million in 2015 and $38.0 million in 2014. Approximate minimum rental commitments under non-cancelable operating leases in effect at December 31, 2016 were: 2017-$30.3 million; 2018-$23.4 million; 2019-$14.8 million; 2020-$8.6 million; 2021-$4.8 million; and after 2021-$28.3 million. Leases included in the minimum rental commitments for 2017 and 2018 primarily relate to lease agreements for automobiles which generally have a lease term of two to three years with the remaining leases related to office, manufacturing and distribution space. It is common for lease agreements to contain various provisions for items such as step rent or other escalation clauses and lease concessions, which may offer a period of no rent payment. These types of items are considered by the Company, and are recorded into expense on a straight line basis over the minimum lease terms. There are no material lease agreements containing renewal options. Certain leases require the Company to pay property taxes, insurance and routine maintenance.

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Allowance for Long-Term Receivables

12 Months Ended

Dec. 31, 2016

Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]

Allowance For Long Term Receivables

Allowance for Long-Term Receivables

As of December 31, 2016, $10.6 million of long-term receivables from both active and inactive customers were considered past due, the majority of which were reserved through the Company's allowance for uncollectible accounts.

The balance of the allowance for long-term receivables as of December 31, 2016 was as follows:

(In millions)
Balance at December 26, 2015	$	11.2
Write-offs	(2.0		)
Provision (a)	2.0
Currency translation adjustment	(0.2		)
Balance at December 31, 2016	$	11.0

____________________

(a) Provision includes $1.6 million of reclassifications from current receivables.

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Guarantor Information

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Guarantor Information

Guarantor Information

The Company's payment obligations under the Senior Notes are fully and unconditionally guaranteed, on a senior secured basis, by the Guarantor. The guarantee is secured by certain "Tupperware" trademarks and service marks owned by the Guarantor, as discussed in Note 7 to the Consolidated Financial Statements.

Condensed consolidated financial information as of December 31, 2016 and December 26, 2015 and for the years ended December 31, 2016, December 26, 2015 and December 27, 2014 for Tupperware Brands Corporation (the "Parent"), Dart Industries Inc. (the "Guarantor") and all other subsidiaries (the "Non-Guarantors") is as follows. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent and Guarantor of the equity method of accounting to reflect ownership interests in subsidiaries that are eliminated upon consolidation. The Guarantor is 100% owned by the Parent, and there are certain entities within the Non-Guarantors classification which the Parent owns directly. There are no significant restrictions on the ability of either the Parent or the Guarantor from obtaining adequate funds from their respective subsidiaries by dividend or loan that should interfere with their ability to meet their operating needs or debt repayment obligations.

Consolidating Statement of Income

	Year ended December 31, 2016
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,219.1	$	(6.0	)	$	2,213.1
Other revenue	—			126.9			29.3		(156.2		)	—
Cost of products sold	—			29.4			838.9		(153.3		)	715.0
Gross margin	—			97.5			1,409.5		(8.9		)	1,498.1
Delivery, sales and administrative expense	19.1			78.1			1,082.5		(8.9		)	1,170.8
Re-engineering and impairment charges	—			1.2			6.4		—			7.6
Gains on disposal of assets including insurance recoveries, net	—			—			27.3		—			27.3
Operating income (loss)	(19.1		)	18.2			347.9		—			347.0
Interest income	20.9			1.8			27.1		(46.4		)	3.4
Interest expense	34.9			51.5			8.8		(46.4		)	48.8
Income from equity investments in subsidiaries	242.3			240.9			—		(483.2		)	—
Other expense	0.1			(33.6		)	33.8		—			0.3
Income before income taxes	209.1			243.0			332.4		(483.2		)	301.3
Provision (benefit) for income taxes	(14.5		)	5.1			87.1		—			77.7
Net income	$	223.6		$	237.9		$	245.3	$	(483.2	)	$	223.6
Comprehensive income	$	174.1		$	188.0		$	163.8	$	(351.8	)	$	174.1

Consolidating Statement of Income

	Year ended December 26, 2015
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,288.6	$	(4.8	)	$	2,283.8
Other revenue	—			123.9			31.6		(155.5		)	—
Cost of products sold	—			31.6			864.0		(151.2		)	744.4
Gross margin	—			92.3			1,456.2		(9.1		)	1,539.4
Delivery, sales and administrative expense	20.6			78.6			1,127.5		(9.1		)	1,217.6
Re-engineering and impairment charges	—			—			20.3		—			20.3
Gains on disposal of assets including insurance recoveries, net	—			—			13.7		—			13.7
Operating income (loss)	(20.6		)	13.7			322.1		—			315.2
Interest income	19.6			22.5			7.4		(47.1		)	2.4
Interest expense	36.4			37.7			20.6		(47.1		)	47.6
Income from equity investments in subsidiaries	208.1			203.6			—		(411.7		)	—
Other expense	—			0.6			9.5		—			10.1
Income before income taxes	170.7			201.5			299.4		(411.7		)	259.9
Provision (benefit) for income taxes	(15.1		)	(4.0		)	93.2		—			74.1
Net income	$	185.8		$	205.5		$	206.2	$	(411.7	)	$	185.8
Comprehensive income	$	72.5		$	84.0		$	104.0	$	(188.0	)	$	72.5

Consolidating Statement of Income

	Year ended December 27, 2014
(In millions)	Parent			Guarantor		Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—	$	2,613.9	$	(7.8	)	$	2,606.1
Other revenue	—			138.5		25.9		(164.4		)	—
Cost of products sold	—			25.9		1,020.8		(162.7		)	884.0
Gross margin	—			112.6		1,619.0		(9.5		)	1,722.1
Delivery, sales and administrative expense	19.5			67.1		1,269.0		(9.5		)	1,346.1
Re-engineering and impairment charges	—			0.1		10.9		—			11.0
Gains on disposal of assets including insurance recoveries, net	—			—		2.7		—			2.7
Operating income (loss)	(19.5		)	45.4		341.8		—			367.7
Interest income	0.4			28.9		4.4		(30.7		)	3.0
Interest expense	36.3			20.7		20.2		(30.7		)	46.5
Income from equity investments in subsidiaries	250.3			217.4		—		(467.7		)	—
Other expense	—			0.2		25.8		—			26.0
Income before income taxes	194.9			270.8		300.2		(467.7		)	298.2
Provision (benefit) for income taxes	(19.5		)	20.8		82.5		—			83.8
Net income	$	214.4		$	250.0	$	217.7	$	(467.7	)	$	214.4
Comprehensive income	$	122.5		$	160.9	$	166.4	$	(327.3	)	$	122.5

Condensed Consolidating Balance Sheet

	December 31, 2016
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	0.5	$	92.7	$	—		$	93.2
Accounts receivable, net	—		—		125.3		—			125.3
Inventories	—		—		240.4		—			240.4
Non-trade amounts receivable, net	—		50.5		85.1		(70.7		)	64.9
Intercompany receivables	11.9		935.8		270.3		(1,218.0		)	—
Prepaid expenses and other current assets	1.1		5.4		100.9		(85.9		)	21.5
Total current assets	13.0		992.2		914.7		(1,374.6		)	545.3
Deferred income tax benefits, net	142.7		193.2		203.8		—			539.7
Property, plant and equipment, net	—		50.4		209.4		—			259.8
Long-term receivables, net	—		0.1		13.1		—			13.2
Tradenames, net	—		—		67.3		—			67.3
Goodwill	—		2.9		129.7		—			132.6
Investments in subsidiaries	1,356.7		1,321.3		—		(2,678.0		)	—
Intercompany notes receivable	479.4		95.6		725.6		(1,300.6		)	—
Other assets, net	1.2		1.2		57.8		(30.3		)	29.9
Total assets	$	1,993.0	$	2,656.9	$	2,321.4	$	(5,383.5	)	$	1,587.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	5.0	$	112.7	$	—		$	117.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	104.0		—		1.9		—			105.9
Intercompany payables	858.9		263.4		95.7		(1,218.0		)	—
Accrued liabilities	130.9		102.8		246.9		(156.6		)	324.0
Total current liabilities	1,093.8		371.2		457.2		(1,374.6		)	547.6
Long-term debt and capital lease obligations	599.4		—		6.6		—			606.0
Intercompany notes payable	77.0		928.0		295.6		(1,300.6		)	—
Other liabilities	10.0		56.8		184.9		(30.3		)	221.4
Shareholders' equity	212.8		1,300.9		1,377.1		(2,678.0		)	212.8
Total liabilities and shareholders' equity	$	1,993.0	$	2,656.9	$	2,321.4	$	(5,383.5	)	$	1,587.8

Condensed Consolidating Balance Sheet

	December 26, 2015
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	—	$	79.8	$	—		$	79.8
Accounts receivable, net	—		—		142.7		—			142.7
Inventories	—		—		254.6		—			254.6
Non-trade amounts receivable, net	0.1		30.1		109.6		(94.3		)	45.5
Intercompany receivables	11.8		754.2		228.8		(994.8		)	—
Prepaid expenses and other current assets	1.1		3.3		118.1		(94.6		)	27.9
Total current assets	13.0		787.6		933.6		(1,183.7		)	550.5
Deferred income tax benefits, net	143.5		219.9		161.5		—			524.9
Property, plant and equipment, net	—		46.6		207.0		—			253.6
Long-term receivables, net	—		0.1		13.1		—			13.2
Tradenames, net	—		—		82.7		—			82.7
Goodwill	—		2.9		143.4		—			146.3
Investment in subsidiaries	1,164.8		1,190.1		—		(2,354.9		)	—
Intercompany notes receivable	462.0		90.5		579.7		(1,132.2		)	—
Other assets, net	1.6		0.6		108.1		(83.3		)	27.0
Total assets	$	1,784.9	$	2,338.3	$	2,229.1	$	(4,754.1	)	$	1,598.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	3.3	$	123.5	$	(0.1	)	$	126.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	90.4		1.2		70.9		—			162.5
Intercompany payables	688.2		224.2		82.4		(994.8		)	—
Accrued liabilities	155.1		111.5		247.1		(188.9		)	324.8
Total current liabilities	933.7		340.2		523.9		(1,183.8		)	614.0
Long-term debt and capital lease obligations	599.3		—		8.9		—			608.2
Intercompany notes payable	78.5		768.1		285.6		(1,132.2		)	—
Other liabilities	12.4		107.8		178.0		(83.2		)	215.0
Shareholders' equity	161.0		1,122.2		1,232.7		(2,354.9		)	161.0
Total liabilities and shareholders' equity	$	1,784.9	$	2,338.3	$	2,229.1	$	(4,754.1	)	$	1,598.2

Condensed Consolidating Statement of Cash Flows

	Year ended December 31, 2016
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	(29.9	)	$	(0.8	)	$	275.2		$	(5.9	)	$	238.6
Investing Activities:
Capital expenditures	—			(16.0		)	(45.6		)	—			(61.6		)
Proceeds from disposal of property, plant and equipment	—			—			35.9			—			35.9
Net intercompany loans	(18.9		)	(186.4		)	(194.5		)	399.8			—
Net cash provided by (used in) investing activities	(18.9		)	(202.4		)	(204.2		)	399.8			(25.7		)
Financing Activities:
Dividend payments to shareholders	(138.8		)	—			—			—			(138.8		)
Dividend payments to parent	—			—			(21.2		)	21.2			—
Net proceeds from issuance of senior notes	(0.2		)	—			0.2			—			—
Proceeds from exercise of stock options	0.8			—			—			—			0.8
Repurchase of common stock	(1.7		)	—			—			—			(1.7		)
Repayment of long-term debt and capital lease obligations	—			—			(2.2		)	—			(2.2		)
Net change in short-term debt	17.5			(1.2		)	(68.3		)	—			(52.0		)
Excess tax benefits from share-based payment arrangements	0.6			—			—			—			0.6
Net intercompany borrowings	170.6			204.9			39.6			(415.1		)	—
Net cash provided by (used in) financing activities	48.8			203.7			(51.9		)	(393.9		)	(193.3		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(6.2		)	—			(6.2		)
Net change in cash and cash equivalents	—			0.5			12.9			—			13.4
Cash and cash equivalents at beginning of year	—			—			79.8			—			79.8
Cash and cash equivalents at end of period	$	—		$	0.5		$	92.7		$	—		$	93.2

Condensed Consolidating Statement of Cash Flows

	Year ended December 26, 2015
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	438.9		$	230.6		$	66.4		$	(510.2	)	$	225.7
Investing Activities:
Capital expenditures	—			(14.7		)	(46.4		)	—			(61.1		)
Proceeds from disposal of property, plant and equipment	—			—			18.0			—			18.0
Net intercompany loans	(335.7		)	296.3			492.0			(452.6		)	—
Return of capital	—			105.5			—			(105.5		)	—
Net cash provided by (used in) investing activities	(335.7		)	387.1			463.6			(558.1		)	(43.1		)
Financing Activities:
Dividend payments to shareholders	(138.0		)	—			—			—			(138.0		)
Dividend payments to parent	—			(400.0		)	(103.1		)	503.1			—
Net proceeds from issuance of senior notes	0.1			—			(0.1		)	—			—
Proceeds from exercise of stock options	16.1			—			—			—			16.1
Repurchase of common stock	(1.5		)	—			—			—			(1.5		)
Repayment of long-term debt and capital lease obligations	—			—			(2.6		)	—			(2.6		)
Net change in short-term debt	(9.5		)	(2.3		)	(24.6		)	—			(36.4		)
Debt issuance costs	(0.7		)	—			—			—			(0.7		)
Excess tax benefits from share-based payment arrangements	6.0			—			—			—			6.0
Net intercompany borrowings	24.3			(215.3		)	(268.8		)	459.8			—
Return of capital to parent	—			—			(105.5		)	105.5			—
Net cash provided by (used in) financing activities	(103.2		)	(617.6		)	(504.7		)	1,068.4			(157.1		)
Effect of exchange rate changes on cash and cash equivalents	—			(0.1		)	(22.5		)	(0.1		)	(22.7		)
Net change in cash and cash equivalents	—			—			2.8			—			2.8
Cash and cash equivalents at beginning of year	—			—			77.0			—			77.0
Cash and cash equivalents at end of period	$	—		$	—		$	79.8		$	—		$	79.8

Condensed Consolidating Statement of Cash Flows

	Year ended December 27, 2014
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	306.7		$	1,482.7		$	96.5		$	(1,601.8	)	$	284.1
Investing Activities:
Capital expenditures	—			(14.7		)	(54.7		)	—			(69.4		)
Proceeds from disposal of property, plant and equipment	—			—			7.1			—			7.1
Net intercompany loans	5.1			(190.8		)	1,839.9			(1,654.2		)	—
Return of capital	—			604.3			—			(604.3		)	—
Net cash provided by (used in) investing activities	5.1			398.8			1,792.3			(2,258.5		)	(62.3		)
Financing Activities:
Dividend payments to shareholders	(135.5		)	—			—			—			(135.5		)
Dividend payments to parent	—			(352.0		)	(1,281.5		)	1,633.5			—
Proceeds from exercise of stock options	15.7			—			—			—			15.7
Repurchase of common stock	(92.3		)	—			—			—			(92.3		)
Repayment of long-term debt and capital lease obligations	—			—			(3.0		)	—			(3.0		)
Net change in short-term debt	(9.1		)	2.3			4.6			—			(2.2		)
Excess tax benefits from share-based payment arrangements	6.3			—			—			—			6.3
Net intercompany borrowings	(96.9		)	(1,530.4		)	4.9			1,622.4			—
Return of capital to parent	—			—			(604.3		)	604.3			—
Net cash provided by (used in) financing activities	(311.8		)	(1,880.1		)	(1,879.3		)	3,860.2			(211.0		)
Effect of exchange rate changes on cash and cash equivalents	—			(1.5		)	(59.7		)	0.1			(61.1		)
Net change in cash and cash equivalents	—			(0.1		)	(50.2		)	—			(50.3		)
Cash and cash equivalents at beginning of year	—			0.1			127.2			—			127.3
Cash and cash equivalents at end of period	$	—		$	—		$	77.0		$	—		$	77.0

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Quarterly Financial Summary

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data [Abstract]

Quarterly Financial Summary

Quarterly Financial Summary (Unaudited)

Following is a summary of the unaudited interim results of operations for each quarter in the years ended December 31, 2016 and December 26, 2015.

(In millions, except per share amounts)	First quarter		Second quarter		Third quarter		Fourth quarter
Year ended December 31, 2016
Net sales	$	525.7	$	564.7	$	521.8	$	600.9
Gross margin	359.7		380.8		353.4		404.2
Net income	43.4		52.4		48.8		79.0
Basic earnings per share	0.86		1.04		0.97		1.56
Diluted earnings per share	0.86		1.03		0.96		1.55
Dividends declared per share	0.68		0.68		0.68		0.68
Composite stock price range:
High	58.30		62.40		66.90		66.67
Low	42.60		52.64		50.43		52.32
Close	$	55.39	$	53.15	$	64.31	$	52.62
Year ended December 26, 2015
Net sales	$	581.8	$	588.9	$	521.0	$	592.1
Gross margin	390.2		399.8		348.5		400.9
Net income	29.5		62.0		36.2		58.1
Basic earnings per share	0.59		1.24		0.72		1.16
Diluted earnings per share	0.59		1.23		0.72		1.15
Dividends declared per share	0.68		0.68		0.68		0.68
Composite stock price range:
High	72.93		70.78		67.35		62.02
Low	59.35		64.35		47.85		48.73
Close	$	70.25	$	67.36	$	50.06	$	55.89

Certain items impacting quarterly comparability for 2016 and 2015 were as follows:

• Pretax re-engineering and impairment costs of $1.1 million, $1.9 million, $2.4 million and $2.2 million were recorded in the first through fourth quarters of 2016, respectively. Pretax re-engineering and impairment costs of $2.7 million, $1.5 million, $0.3 million and $2.3 million were recorded in the first through fourth quarters of 2015, respectively, as well as $13.5 million in the first quarter of 2015 for the impairment charge of fixed assets in Venezuela. Refer to Note 2 to the Consolidated Financial Statements for further discussion.

• In Venezuela, in connection with re-measuring net monetary assets and recording in cost of sales inventory at the exchange rate when it was purchased or manufactured compared to when it was sold, the Company had impacts of $0.2 million, $3.6 million, $0.3 million and $0.2 million in the first, second, third and fourth quarters of 2016, respectively, and impacts of $9.3 million, $1.8 million, $2.0 million and $1.8 million in the same quarters of 2015. See Note 1 of the Consolidated Financial Statements for further details.

• Pretax gains on disposal of assets, primarily related to transactions related to land near the Company's Orlando headquarters, were $0.1 million, $0.8 million, $24.2 million and $2.2 million in the first through fourth quarters of 2016 , respectively. They were $0.6 million, $10.8 million, $2.0 million and $0.3 million in the same quarters of 2015, respectively.

• The Company's fiscal year ends on the last Saturday of December, and as a result, the fourth quarter of 2016 contained 14 weeks, as compared with 13 weeks in the fourth quarter of 2015.

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Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2016

Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS

FOR THE THREE YEARS ENDED DECEMBER 31, 2016

(In millions)

Col. A	Col. B		Col. C				Col. D				Col. E
			Additions
	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts		Deductions				Balance at End of Period
Allowance for doubtful accounts, current and long term:
Year ended December 31, 2016	$	45.2	$	11.1	$	—	$	(9.0	)	/F1	$	44.9
							(2.4		)	/F2
Year ended December 26, 2015	48.4		12.8		—		(8.0		)	/F1	45.2
							(8.0		)	/F2
Year ended December 27, 2014	54.4		13.5		—		(11.6		)	/F1	48.4
							(7.9		)	/F2
Valuation allowance for deferred tax assets:
Year ended December 31, 2016	$	23.1	$	—	$	—	$	1.8		/F2	$	24.8
							—			/F3
							(0.1		)	/F4
Year ended December 26, 2015	40.2		—		—		(7.1		)	/F2	23.1
							—			/F3
							(10.0		)	/F4
Year ended December 27, 2014	34.8		—		—		(4.2		)	/F2	40.2
							(0.4		)	/F3
							10.0			/F4

____________________

F1 Represents write-offs, less recoveries.

F2 Foreign currency translation adjustment.

F3 Represents release of valuation allowance as reduction of costs and expenses. See Note 12 to the consolidated financial statements for additional information.

F4 Represents additions and write-offs of net operating losses for which a valuation allowance was already recorded. See Note 12 to the consolidated financial statements for additional information.

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Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Principles of Consolidation

Principles of Consolidation. The condensed consolidated financial statements include the accounts of Tupperware Brands Corporation and its subsidiaries, collectively “Tupperware” or the “Company”, with all intercompany transactions and balances having been eliminated. The Company’s fiscal year ends on the last Saturday of December and included 53 weeks during 2016 and 52 weeks during 2015 and 2014.

Use of Estimates

Use of Estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents. The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. As of December 31, 2016 and December 26, 2015, $9.6 million and $7.4 million, respectively, of the cash and cash equivalents included on the Consolidated Balance Sheets were held in the form of time deposits, certificates of deposit or similar instruments.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts. The Company maintains current receivable amounts with most of its independent distributors and sales force in certain markets. It also maintains long-term receivable amounts with certain of these customers. The Company regularly monitors and assesses its risk of not collecting amounts owed to it by customers. This evaluation is based upon an analysis of amounts current and past due, along with relevant history and facts particular to the customer. It is also based upon estimates of distributor business prospects, particularly related to the evaluation of the recoverability of long-term amounts due. This evaluation is performed market by market and account by account, based upon historical experience, market penetration levels and similar factors. It also considers collateral of the customer that could be recovered to satisfy debts. The Company records its allowance for doubtful accounts based on the results of this analysis. The analysis requires the Company to make significant estimates and as such, changes in facts and circumstances could result in material changes in the allowance for doubtful accounts. The Company considers any receivable balance not collected within its contractual terms past due.

Inventories

Inventories. Inventories are valued at the lower of cost or market on a first-in, first-out basis. Inventory cost includes cost of raw material, labor and overhead. The Company writes down its inventory for obsolescence or unmarketability in an amount equal to the difference between the cost of the inventory and estimated market value based upon expected future demand and pricing. The demand and pricing is estimated based upon the historical success of product lines as well as the projected success of promotional programs, new product introductions and new markets or distribution channels. The Company prepares projections of demand and pricing on an item by item basis for all of its products. If inventory on hand exceeds projected demand or the expected market value is less than the carrying value, the excess is written down to its net realizable value. However, if actual demand or the estimate of market value decreases, additional write-downs would be required.

Internal Use Software Development Costs

Internal Use Software Development Costs. The Company capitalizes internal use software development costs as they are incurred and amortizes such costs over their estimated useful lives of three to five years, beginning when the software is placed in service. Net unamortized costs of such amounts included in property, plant and equipment were $21.3 million and $20.1 million at December 31, 2016 and December 26, 2015, respectively. Amortization cost related to internal use software development costs totaled $6.9 million, $5.7 million and $4.4 million in 2016, 2015 and 2014, respectively.

Property, Plant and Equipment

Property, Plant and Equipment. Property, plant and equipment is initially stated at cost. Depreciation is recorded on a straight-line basis over the following estimated useful lives of the assets:

	Years
Building and improvements	10 - 40
Molds	4 - 10
Production equipment	10 - 20
Distribution equipment	5 - 10
Computer/telecom equipment	3 - 5
Capitalized software	3 - 5

Depreciation expense was $43.0 million, $46.5 million and $47.3 million in 2016, 2015 and 2014, respectively. The Company considers the need for an impairment review when events occur that indicate that the book value of a long-lived asset may exceed its recoverable value. Upon the sale or retirement of property, plant and equipment, a gain or loss is recognized equal to the difference between sales price and net book value. Expenditures for maintenance and repairs are charged to cost of products sold or delivery, sales and administrative (DS&A) expense, depending on the asset to which the expenditure relates.

Goodwill

Goodwill. The Company's recorded goodwill relates primarily to the December 2005 acquisition of the direct-to-consumer businesses of Sara Lee Corporation. The Company does not amortize its goodwill. Instead, the Company performs an annual assessment during the third quarter of each year to evaluate the assets in each of its reporting units for impairment, or more frequently if events or changes in circumstances indicate that a triggering event for an impairment evaluation has occurred.

The annual process for evaluating goodwill begins with an assessment for each entity of qualitative factors to determine whether the two-step goodwill impairment evaluation is appropriate. The qualitative factors evaluated by the Company include: macro-economic conditions of the local business environment, overall financial performance, sensitivity analysis from the most recent step 1 fair value evaluation ("step 1"), as prescribed under ASC 350, Intangibles - Goodwill and Other, and other entity specific factors as deemed appropriate. When the Company determines the two-step goodwill impairment evaluation is appropriate, the step 1 involves comparing the fair value of a reporting unit to its carrying amount, including goodwill, after any long-lived asset impairment charges. If the carrying amount of the reporting unit exceeds its fair value, a second step is performed to determine whether there is a goodwill impairment, and if so, its amount. This step revalues all assets and liabilities of the reporting unit to their current fair value and then compares the implied fair value of the reporting unit's goodwill to the carrying amount of that goodwill. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of the goodwill, an impairment loss is recognized in an amount equal to the excess.

When a determination of fair value of the Company's reporting units is necessary, it is determined by using either the income approach or a combination of the income and market approaches, with generally a greater weighting on the income approach (75 percent). The income approach, or discounted cash flow approach, requires significant assumptions to estimate the fair value of each reporting unit. These include assumptions regarding future operations and the ability to generate cash flows including projections of revenue, costs, utilization of assets and capital requirements, along with an appropriate discount rate to be used. Goodwill is further discussed in Note 6 to the Consolidated Financial Statements.

Intangible Assets

Intangible Assets. Intangible assets are recorded at their fair market values at the date of acquisition and definite-lived intangibles are amortized over their estimated useful lives. The intangible assets included in the Company's Consolidated Financial Statements at December 31, 2016 and December 26, 2015 were related to the acquisition of the Sara Lee direct-to-consumer businesses in December 2005. The weighted average estimated useful lives of the Company's intangible assets were as follows:

	Weighted Average Estimated Useful Life
Indefinite-lived tradenames	Indefinite
Definite-lived tradename	10 years

The Company's indefinite-lived tradename intangible assets are evaluated for impairment annually similarly to goodwill. The annual process for assessing the carrying value of indefinite-lived tradename intangible assets begins with a qualitative assessment that is similar to the assessment performed for goodwill. When the Company determines it is appropriate, the quantitative impairment evaluation for the Company's indefinite-lived tradenames involves comparing the estimated fair value of the assets to the carrying amounts, to determine if fair value is lower and a write-down required. If the carrying amount of a tradename exceeds its estimated fair value, an impairment charge is recognized in an amount equal to the excess. The fair value of these assets is determined using the relief from royalty method, which is a form of the income approach. In this method, the value of the asset is calculated by selecting royalty rates, which estimate the amount a company would be willing to pay for the use of the asset. These rates are applied to the Company's projected revenue, tax affected and discounted to present value using an appropriate rate.

The Company's definite-lived intangible asset relates to the Fuller tradename and has been amortized based on its estimated useful life of 10 years since August 2013. The Fuller tradename's useful life was estimated, at that time, based on the period that the tradename was expected to contribute directly to the Company's revenue. Definite-lived intangible assets are reviewed for impairment in a similar manner as property, plant and equipment as discussed above. Amortization related to definite-lived intangible assets is included in DS&A on the Consolidated Statements of Income. Intangible assets are further discussed in Note 6 to the Consolidated Financial Statements.

Promotional and Other Accruals

Promotional and Other Accruals. The Company frequently makes promotional offers to members of its independent sales force to encourage them to fulfill specific goals or targets for sales levels, party attendance, additions of new sales force members or other business-critical functions. The awards offered are in the form of product awards, special prizes or trips.

Programs are generally designed to recognize sales force members for achieving a primary objective. An example is to reward the independent sales force for holding a certain number of product demonstrations. In this situation, the Company offers a prize to sales force members that achieve the targeted number of product demonstrations over a specified period. The period runs from a couple of weeks to several months. The prizes are generally graded, in that meeting one level may result in receiving a piece of jewelry, with higher achievement resulting in more valuable prizes such as a television set or a trip. Similar programs are designed to reward current sales force members who reach certain goals by promoting them to a higher level in the organization where their earning opportunity would be expanded, and they would take on additional responsibilities for adding new sales force members and providing training and motivation to new and existing sales force members. Other business drivers, such as scheduling product demonstrations, increasing the number of sales force members, holding product demonstrations or increasing end consumer attendance at product demonstrations, may also be the focus of a program.

The Company also offers commissions for achieving targeted sales levels. These types of awards are generally based upon the sales achievement of at least a mid-level member of the sales force and her or his down-line members. The down-line consists of those sales force members that have been directly added to the sales force by a given sales force member, as well as those added by her or his down-line member. In this manner, sales force members can build an extensive organization over time if they are committed to adding and developing their units. In addition to the commission, the positive performance of a unit may also entitle its leader to the use of a company-provided vehicle and in some cases, the permanent awarding of a vehicle. Similar to the prize programs noted earlier, these programs generally offer varying levels of vehicles that are dependent upon performance.

The Company accrues for the costs of these awards during the period over which the sales force qualifies for the award and reports these costs primarily as a component of DS&A expense. These accruals require estimates as to the cost of the awards, based upon estimates of achievement and actual cost to be incurred. During the qualification period, actual results are monitored and changes to the original estimates are made when known. Promotional and other sales force compensation expenses included in DS&A expense totaled $376.2 million, $378.7 million and $430.1 million in 2016, 2015 and 2014, respectively.

Like promotional accruals, other accruals are recorded over the time period that a liability is incurred and is both probable and reasonably estimable. Adjustments to amounts previously accrued are made when changes occur in the facts and circumstances that generated the accrual.

Revenue Recognition

Revenue Recognition. Revenue is recognized when the price is fixed, the title and risks and rewards of ownership have passed to the customer who, in most cases, is one of the Company’s independent distributors or a member of its independent sales force, and when collection is reasonably assured. Depending on the contractual arrangements for each business, revenue is recognized upon either delivery or shipment, which is when title and risk and rewards of ownership have passed to the customer. When revenue is recorded, estimates of returns are made and recorded as a reduction of revenue. Discounts earned based on promotional programs in place, volume of purchases or other factors are also estimated at the time of revenue recognition and recorded as a reduction of that revenue.

Shipping and Handling Costs

Shipping and Handling Costs. The cost of products sold line item includes costs related to the purchase and manufacture of goods sold by the Company. Among these costs are inbound freight charges, duties, purchasing and receiving costs, inspection costs, depreciation expense, internal transfer costs and warehousing costs of raw material, work in process and packing materials. The warehousing and distribution costs of finished goods are included in DS&A expense. Distribution costs are comprised of outbound freight and associated labor costs. Fees billed to customers associated with the distribution of products are classified as revenue. The distribution costs included in DS&A expense in 2016, 2015 and 2014 were $137.0 million, $139.3 million and $156.6 million, respectively.

Advertising and Research and Development Costs

Advertising and Research and Development Costs. Advertising and research and development costs are charged to expense as incurred. Advertising expense totaled $8.3 million, $13.4 million and $19.9 million in 2016, 2015 and 2014, respectively. Research and development costs totaled $18.3 million, $18.1 million and $19.3 million, in 2016, 2015 and 2014, respectively. Research and development expenses primarily include salaries, contractor costs and facility costs. Both advertising and research and development costs are included in DS&A expense.

Accounting for Stock-Based Compensation

Accounting for Stock-Based Compensation. The Company has several stock-based employee and director compensation plans, which are described more fully in Note 14 to the Consolidated Financial Statements. Compensation cost for share-based awards is recorded on a straight line basis over the required service period, based on the fair value of the award. The fair value of the stock option grants is estimated using the Black-Scholes option-pricing model, which requires assumptions, including dividend yield, risk-free interest rate, the estimated length of time employees will retain their stock options before exercising them (expected term) and the estimated volatility of the Company's common stock price over the expected term. These assumptions are generally based on historical averages of the Company. Furthermore, in calculating compensation expense for these awards, the Company is also required to estimate the extent to which options will be forfeited prior to vesting. Many factors are considered when estimating expected forfeitures, including types of awards, employee class and historical experience. To the extent actual results or updated estimates of forfeiture differ from current estimates, such amounts are recorded as a cumulative adjustment to the previously recorded amounts.

Compensation expense associated with restricted stock, restricted stock units and performance-vested share awards is equal to the market value of the Company's common stock on the date of grant and is recorded pro rata over the required service period. The fair value of market-vested awards is based on a Monte-Carlo simulation that estimates the fair value based on the Company's share price activity between the beginning of the year and the grant date relative to a defined comparative group of companies, expected term of the award, risk-free interest rate, expected dividends, and the expected volatility of the stock of the Company and those in the comparative group. For those awards with performance vesting criteria, the expense is recorded based on an assessment of achieving the criteria. The grant date fair value per share of market-vested awards already reflects the probability of achieving the market condition, and is therefore used to record expense straight line over the performance period regardless of actual achievement.

The Company reports as a financing cash flow the tax benefits from share-based payment arrangements. For 2016, 2015 and 2014, the Company generated $0.6 million, $6.0 million and $6.3 million of excess tax benefits, respectively.

Income Taxes

Income Taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets also are recognized for credit carryforwards. Deferred tax assets and liabilities are measured using the enacted rates applicable to taxable income in the years in which the temporary differences are expected to reverse and the credits are expected to be used. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. An assessment is made as to whether or not a valuation allowance is required to offset deferred tax assets. This assessment requires estimates as to future operating results, as well as an evaluation of the effectiveness of the Company's tax planning strategies. These estimates are made on an ongoing basis based upon the Company's business plans and growth strategies in each market and consequently, future material changes in the valuation allowance are possible.

The Company accounts for uncertain tax positions in accordance with ASC 740, Income Taxes. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50 percent likely of being realized upon ultimate settlement.

Interest and penalties related to tax contingency or settlement items are recorded as a component of the provision for income taxes in the Company's Consolidated Statements of Income. The Company records accruals for tax contingencies as a component of accrued liabilities or other long-term liabilities on its balance sheet.

Net Income Per Common Share

Net Income Per Common Share. Basic per share information is calculated by dividing net income by the weighted average number of shares outstanding. Diluted per share information is calculated by also considering the impact of potential common stock on both net income and the weighted average number of shares outstanding. The Company's potential common stock consists of employee and director stock options, restricted stock, restricted stock units and performance share units. Performance share awards are included in the diluted per share calculation when the performance criteria are achieved. The Company's potential common stock is excluded from the basic per share calculation and is included in the diluted per share calculation when doing so would not be anti-dilutive.

The elements of the earnings per share computations were as follows:

(In millions, except per share amounts)	2016		2015		2014
Net income	$	223.6	$	185.8	$	214.4
Weighted-average shares of common stock outstanding	50.5		49.9		50.1
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units	0.2		0.5		0.9
Weighted-average common and common equivalent shares outstanding	50.7		50.4		51.0
Basic earnings per share	$	4.43	$	3.72	$	4.28
Diluted earnings per share	$	4.41	$	3.69	$	4.20
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive	1.4		0.9		0.4

Derivative Financial Instruments

Derivative Financial Instruments. The Company recognizes in its Consolidated Balance Sheets the asset or liability associated with all derivative instruments and measures those assets and liabilities at fair value. If certain conditions are met, a derivative may be specifically designated as a hedge. The accounting for changes in the value of a derivative accounted for as a hedge depends on the intended use of the derivative and the resulting designation of the hedge exposure. Depending on how the hedge is used and the designation, the gain or loss due to changes in value is reported either in earnings, or initially in other comprehensive income. Gains or losses that are reported in other comprehensive income are eventually recognized in earnings, with the timing of this recognition governed by ASC 815, Derivatives and Hedging.

The Company uses derivative financial instruments, principally over-the-counter forward exchange contracts with major international financial institutions, to offset the effects of exchange rate changes on net investments in certain foreign subsidiaries, certain forecasted purchases, certain intercompany transactions, and certain accounts payable and accounts receivable. The Company also uses euro denominated borrowings under its Credit Agreement to hedge a portion of its net investment in foreign subsidiaries. Gains and losses on instruments designated as net equity hedges of net investments in a foreign subsidiary or on intercompany transactions that are permanent in nature are accrued as exchange rates change, and are recognized in shareholders' equity as a component of foreign currency translation adjustments within accumulated other comprehensive loss. Gains and losses on contracts designated as fair value hedges of accounts receivable, accounts payable and non-permanent intercompany transactions are accrued as exchange rates change and are recognized in income. Gains and losses on contracts designated as cash flow hedges of identifiable foreign currency forecasted purchases are deferred and initially included in other comprehensive income. In assessing hedge effectiveness, the Company excludes forward points, which are included as a component of interest expense. See Note 8 to the Consolidated Financial Statements.

Fair Value Measurements

Fair Value Measurements. The Company applies the applicable accounting guidance for fair value measurements. This guidance provides the definition of fair value, describes the method used to appropriately measure fair value in accordance with generally accepted accounting principles and outlines fair value disclosure requirements.

The fair value hierarchy established under this guidance prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows:

Level 1 - Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2 - Pricing inputs are other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted prices, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace.

Level 3 - Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management's best estimate of fair value from the perspective of a market participant. The Company does not have any recurring Level 3 fair value measurements.

Foreign Currency Translation

Foreign Currency Translation. Results of operations of foreign subsidiaries are translated into U.S. dollars using average exchange rates during the year. The assets and liabilities of those subsidiaries, other than those of operations in highly inflationary countries, are translated into U.S. dollars using exchange rates at the balance sheet date. The related translation adjustments are included in accumulated other comprehensive loss. Foreign currency transaction gains and losses, as well as re-measurement of financial statements of subsidiaries in highly inflationary countries, are included in income.

Inflation in Venezuela has been at relatively high levels over the past few years. The Company uses a blended index of the Consumer Price Index and National Consumer Price Index for determining highly inflationary status in Venezuela. This blended index reached cumulative three-year inflation in excess of 100 percent at November 30, 2009 and as such, the Company transitioned to highly inflationary status at the beginning of its 2010 fiscal year. Gains and losses resulting from the translation of the financial statements of subsidiaries operating in highly inflationary economies are recorded in earnings.

For Venezuela, the bolivar to U.S. dollar exchange rates used in translating the Company’s operating activity is based on the Simadi exchange mechanism created by the government. In 2016, 2015 and 2014, the net expense in connection with re-measuring net monetary assets and recording in cost of sales inventory at the exchange rate when it was purchased or manufactured compared with when it was sold was $4.3 million, $14.9 million and $42.4 million, respectively. The amounts related to remeasurement are included in other expense.

As of the end of 2016, the net monetary assets in Venezuela, which were of a nature that would generate income or expense associated with future exchange rate fluctuations versus the U.S. dollar were not material. In addition, there was $25.5 million in cumulative foreign currency translation losses related to Venezuela included in equity within the consolidated balance sheets.

Product Warranty

Product Warranty. Tupperware® brand products are guaranteed against chipping, cracking, breaking or peeling under normal non-commercial use of the product with certain limitations. The cost of replacing defective products is not material.

New Accounting Pronouncements

New Accounting Pronouncements. In May 2014, the FASB issued an amendment to existing guidance regarding revenue from contracts with customers. The amendment outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. In August 2015, the FASB issued an amendment to defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. The August 2015 amendment also allows early adoption of the revenue standard, but not before the original effective date of December 15, 2016. In March and April 2016, the FASB issued amendments to provide clarification on implementation guidance. In May 2016, the FASB issued amendments to provide clarification on assessment of collectibility criteria, presentation of sales taxes and measurement of non-cash consideration. In addition, the amendment provided clarification and included simplification to transition guidance on contract modifications and completed contracts at transition. In December 2016, the FASB issued amendments to provide clarification on codification and guidance application. The Company has surveyed revenue recognition policies across each of its global operating segments, evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements. While there are expected to be changes in policy in certain units, the impact to the consolidated financial statements is not expected to be significant as the majority of the Company's transactions are not accounted for under industry-specific guidance that will be superseded by the new guidance and generally only consists of a single performance obligation to transfer promised goods.

In February 2016, the FASB issued an amendment to existing guidance on lease accounting that requires the assets and liabilities arising from operating leases be presented in the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements.

In March 2016, the FASB issued an amendment to existing guidance regarding employee share-based payments. Under the amendment, all excess tax benefits and tax deficits will be recognized in the income statement. Regardless of the impact on taxes payable, the tax benefits will be recognized in the current period and excess tax benefits will be classified as an element of cash flow operating activities. In addition, the amendment included simplification to existing guidance on forfeitures, intrinsic value and the withholding of shares for participants' personal income taxes. This guidance is effective for fiscal years beginning after December 15, 2016 and will be adopted by the Company as of the beginning of 2017. There will be an impact of adopting this standard on the consolidated financial statements that likely will lead to increased volatility of the Company's tax rate that will be dependent on the timing and intrinsic value of future share-based compensation award exercises.

In August 2016, the FASB issued an amendment to existing guidance on presentation and classification of certain cash receipts and cash payments in the Statement of Cash Flows. This guidance is intended to reduce diversity in the classification of transactions related to debt prepayment or debt extinguishment costs, zero-coupon debt instruments settlement, contingent consideration payments made after a business combination, insurance claims settlement and corporate-owned life insurance settlement, distributions from equity method investments and beneficial interests in securitization transactions. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect adoption of this amendment to have an impact on its Consolidated Financial Statements.

In October 2016, the FASB issued an amendment to existing guidance on income tax consequences of intra-entity transfers of assets other than inventory. Under the amendment, the income tax consequences of an intra-entity transfer of an asset other than inventory will be recognized when the transfer occurs. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements.

In November 2016, the FASB issued an amendment to existing guidance on classification and presentation of changes in restricted cash on the statement of cash flows. Under the amendment, the restricted cash and restricted cash equivalents will be included with cash and cash equivalents when reconciling the total cash balance for the period on the statement of cash flows. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The adoption of this amendment will not have a material impact on the Company’s Consolidated Financial Statements.

In January 2017, the FASB issued an amendment to existing guidance on Goodwill Impairment to simplify goodwill measurement. This guidance eliminated step 2 from the goodwill impairment test, and instead goodwill shall be tested by comparing the fair value of a reporting unit with its carrying amount. An impairment charge for the amount by which the carrying amount exceeds the fair value will be recognized; however the loss recognized will not exceed the total amount of goodwill. This guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. Upon adoption, any impairment losses recognized under the new guidance could differ significantly and occur more frequently compared with amounts recognized under current guidance, particularly as it relates to the $73.2 million goodwill recorded in Fuller Mexico.

Reclassifications

Reclassifications. Certain prior year amounts have been reclassified in the Consolidated Financial Statements to conform to current year presentation.

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Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Property, Plant and Equipment

Depreciation is recorded on a straight-line basis over the following estimated useful lives of the assets:

	Years
Building and improvements	10 - 40
Molds	4 - 10
Production equipment	10 - 20
Distribution equipment	5 - 10
Computer/telecom equipment	3 - 5
Capitalized software	3 - 5

Schedule of Weighted Average Estimated Useful Lives of Intangible Assets

The weighted average estimated useful lives of the Company's intangible assets were as follows:

	Weighted Average Estimated Useful Life
Indefinite-lived tradenames	Indefinite
Definite-lived tradename	10 years

Schedule of Earnings Per Share

The elements of the earnings per share computations were as follows:

(In millions, except per share amounts)	2016		2015		2014
Net income	$	223.6	$	185.8	$	214.4
Weighted-average shares of common stock outstanding	50.5		49.9		50.1
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units	0.2		0.5		0.9
Weighted-average common and common equivalent shares outstanding	50.7		50.4		51.0
Basic earnings per share	$	4.43	$	3.72	$	4.28
Diluted earnings per share	$	4.41	$	3.69	$	4.20
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive	1.4		0.9		0.4

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Re-engineering Costs (Tables)

12 Months Ended

Dec. 31, 2016

Restructuring Charges [Abstract]

Re-engineering Charges

Pretax costs incurred in the re-engineering and impairment charges caption by category were as follows:

(In millions)	2016		2015		2014
Severance	$	5.4	$	5.0	$	7.4
Other	2.2		1.8		3.6
Total re-engineering charges	$	7.6	$	6.8	$	11.0

Pretax costs incurred in connection with the re-engineering program included above and other amounts allocated to cost of products sold were as follows:

(In millions)	2016		2015		2014
Re-engineering charges	$	7.6	$	6.8	$	11.0
Cost of products sold	—		—		2.3
Total pretax re-engineering costs	$	7.6	$	6.8	$	13.3

Schedule of Restructuring Reserve by Type of Cost

The balances included in accrued liabilities related to re-engineering and impairment charges as of December 31, 2016, December 26, 2015, and December 27, 2014 were as follows:

(In millions)	2016			2015			2014
Beginning balance	$	1.7		$	2.4		$	2.6
Provision	7.6			6.8			11.0
Non-cash charges	(0.3		)	(0.2		)	(1.8		)
Cash expenditures:
Severance	(5.2		)	(5.8		)	(7.1		)
Other	(2.2		)	(1.5		)	(2.3		)
Ending balance	$	1.6		$	1.7		$	2.4

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Inventories (Tables)

12 Months Ended

Dec. 31, 2016

Inventory, Net [Abstract]

Components of Inventories

Inventories

(In millions)	2016		2015
Finished goods	$	189.4	$	203.2
Work in process	23.0		21.0
Raw materials and supplies	28.0		30.4
Total inventories	$	240.4	$	254.6

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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, Plant and Equipment

(In millions)	2016			2015
Land	$	36.7		$	35.3
Buildings and improvements	194.1			194.1
Molds	624.7			624.7
Production equipment	264.3			270.6
Distribution equipment	37.4			36.3
Computer/telecom equipment	45.2			46.2
Furniture and fixtures	15.8			10.9
Capitalized software	69.5			76.0
Construction in progress	29.3			26.6
Total property, plant and equipment	1,317.0			1,320.7
Less accumulated depreciation	(1,057.2		)	(1,067.1		)
Property, plant and equipment, net	$	259.8		$	253.6

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Accrued and Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

Accrued and Other Liabilities

(In millions)	2016		2015
Income taxes payable	$	23.1	$	25.0
Compensation and employee benefits	73.0		83.4
Advertising and promotion	57.6		62.1
Taxes other than income taxes	24.5		22.3
Pensions	2.7		4.0
Post-retirement benefits	1.7		1.9
Dividends payable	34.4		34.3
Foreign currency contracts	31.7		14.6
Other	75.3		77.2
Total accrued liabilities	$	324.0	$	324.8

Schedule of Other Liabilities

(In millions)	2016		2015
Post-retirement benefits	$	15.4	$	16.4
Pensions	123.0		126.4
Income taxes	22.5		18.7
Deferred income tax	17.6		16.9
Other	42.9		36.6
Total other liabilities	$	221.4	$	215.0

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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table reflects gross goodwill and accumulated impairments allocated to each reporting segment at December 31, 2016, December 26, 2015 and December 27, 2014:

(In millions)	Europe			Asia Pacific			TW North America		Beauty North America			South America			Total
Gross goodwill balance at December 27, 2014	$	30.3		$	75.4		$	16.3	$	142.6		$	4.8		$	269.4
Effect of changes in exchange rates	(1.4		)	(0.7		)	—		(15.1		)	(1.2		)	(18.4		)
Gross goodwill balance at December 26, 2015	28.9			74.7			16.3		127.5			3.6			251.0
Effect of changes in exchange rates	0.4			1.2			—		(15.4		)	0.1			(13.7		)
Gross goodwill balance at December 31, 2016	$	29.3		$	75.9		$	16.3	$	112.1		$	3.7		$	237.3

(In millions)	Europe		Asia Pacific		TW North America		Beauty North America		South America		Total
Cumulative impairments as of December 27, 2014	$	24.5	$	41.3	$	—	$	38.9	$	—	$	104.7
Goodwill impairment	—		—		—		—		—		—
Cumulative impairments as of December 26, 2015	24.5		41.3		—		38.9		—		104.7
Goodwill impairment	—		—		—		—		—		—
Cumulative impairments as of December 31, 2016	$	24.5	$	41.3	$	—	$	38.9	$	—	$	104.7

Schedule of Intangible Assets

The gross carrying amount and accumulated amortization of the Company's intangible assets, other than goodwill, were as follows:

	December 31, 2016
(In millions)	Gross Carrying Value		Accumulated Amortization		Net
Indefinite-lived tradenames	$	20.6	$	—	$	20.6
Definite-lived tradename	70.0		23.3		46.7
Total intangible assets	$	90.6	$	23.3	$	67.3

	December 26, 2015
(In millions)	Gross Carrying Value		Accumulated Amortization		Net
Indefinite-lived tradenames	$	20.1	$	—	$	20.1
Definite-lived tradename	81.7		19.1		62.6
Total intangible assets	$	101.8	$	19.1	$	82.7

Schedule of Identifiable Intangible Assets

A summary of the identifiable intangible asset account activity is as follows:

	Year Ended
(In millions)	December 31, 2016			December 26, 2015
Beginning balance	$	101.8		$	116.8
Effect of changes in exchange rates	(11.2		)	(15.0		)
Ending balance	$	90.6		$	101.8

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Financing Obligations (Tables)

12 Months Ended

Dec. 31, 2016

Debt Disclosure [Abstract]

Schedule of Long-term Debt and Capital Lease Obligations

Debt obligations consisted of the following:

(In millions)	2016			2015
Fixed rate Senior Notes due 2021	$	599.4		$	599.3
Five year Revolving Credit Agreement	104.0			155.8
Belgium facility capital lease	8.4			10.6
Other	0.1			5.0
Total debt obligations	711.9			770.7
Less current portion	(105.9		)	(162.5		)
Long-term debt and capital lease obligations	$	606.0		$	608.2

Schedule of Short-term Debt

(Dollars in millions)	2016			2015
Total short-term borrowings at year-end	$	104.0		$	160.4
Weighted average interest rate at year-end	1.5		%	1.5		%
Average short-term borrowings during the year	$	357.4		$	394.9
Weighted average interest rate for the year	1.8		%	1.5		%
Maximum short-term borrowings during the year	$	429.3		$	444.8

Contractual Maturities for Debt Obligations

Contractual maturities for debt obligations at December 31, 2016 are summarized by year as follows (in millions):

Year ending:	Amount
December 30, 2017	$	105.9
December 29, 2018	1.8
December 28, 2019	1.4
December 26, 2020	1.2
December 25, 2021	600.6
Thereafter	1.0
Total	$	711.9

Schedule of Capital Lease Obligations

Following is a summary of significant capital lease obligations at December 31, 2016 and December 26, 2015:

(In millions)	December 31, 2016		December 26, 2015
Gross payments	$	9.4	$	12.2
Less imputed interest	1.0		1.6
Total capital lease obligation	8.4		10.6
Less current maturity	1.8		1.8
Capital lease obligation - long-term portion	$	6.6	$	8.8

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Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule of Derivative Positions and Impact on Financial Position

Fair values were determined based on third party quotations (Level 2 fair value measurement):

	Asset derivatives					Liability derivatives
		Fair value					Fair value
Derivatives designated as hedging instruments (in millions)	Balance sheet location	2016		2015		Balance sheet location	2016		2015
Foreign exchange contracts	Non-trade amounts receivable	$	41.1	$	21.5	Accrued liabilities	$	31.7	$	14.6

Schedule of Derivative Positions and Impact on Results of Operations and Comprehensive Income

The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the years ended December 31, 2016, December 26, 2015 and December 27, 2014:

Derivatives designated as fair value hedges (in millions)	Location of gain or (loss) recognized in income on derivatives	Amount of gain or (loss) recognized in income on derivatives									Location of gain or (loss) recognized in income on related hedged items	Amount of gain or (loss) recognized in income on related hedged items
		2016			2015			2014				2016		2015		2014
Foreign exchange contracts	Other expense	$	(41.8	)	$	(83.6	)	$	(36.6	)	Other expense		$42.1		$83.8		$35.0

The following table summarizes the impact of Company's hedging activities on comprehensive income for the years ended December 31, 2016, December 26, 2015 and December 27, 2014:

Derivatives designated as cash flow and net equity hedges (in millions)	Amount of gain or (loss) recognized in OCI on derivatives (effective portion)						Location of gain or (loss) reclassified from accumulated OCI into income (effective portion)	Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)						Location of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amounts excluded from effectiveness testing)
Cash flow hedging relationships	2016		2015		2014			2016		2015		2014			2016			2015			2014
Foreign exchange contracts	$	6.7	$	14.5	$	15.9	Cost of products sold	$	5.7	$	19.2	$	9.1	Interest expense	$	(5.6	)	$	(7.7	)	$	(4.9	)
Net equity hedging relationships
Foreign exchange contracts	41.0		74.2		38.8		Other expense	—		—		—		Interest expense	(20.8		)	(16.8		)	(13.3		)
Euro denominated debt	3.7		11.1		1.1

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Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2016

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Loss

(In millions, net of tax)	Foreign Currency Items			Cash Flow Hedges			Pension and Other Post-retirement Items			Total
December 28, 2013	$	(283.1	)	$	2.2		$	(35.9	)	$	(316.8	)
Other comprehensive income (loss) before reclassifications	(85.2		)	12.7			(14.9		)	(87.4		)
Amounts reclassified from accumulated other comprehensive loss	—			(7.1		)	2.6			(4.5		)
Net other comprehensive income (loss)	(85.2		)	5.6			(12.3		)	(91.9		)
December 27, 2014	$	(368.3	)	$	7.8		$	(48.2	)	$	(408.7	)
Other comprehensive income (loss) before reclassifications	(122.3		)	11.3			8.9			(102.1		)
Amounts reclassified from accumulated other comprehensive loss	—			(14.8		)	3.6			(11.2		)
Net other comprehensive income (loss)	(122.3		)	(3.5		)	12.5			(113.3		)
December 26, 2015	$	(490.6	)	$	4.3		$	(35.7	)	$	(522.0	)
Other comprehensive income (loss) before reclassifications	(53.7		)	4.9			(0.9		)	(49.7		)
Amounts reclassified from accumulated other comprehensive loss	—			(4.3		)	4.5			0.2
Net other comprehensive income (loss)	(53.7		)	0.6			3.6			(49.5		)
December 31, 2016	$	(544.3	)	$	4.9		$	(32.1	)	$	(571.5	)

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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

For income tax purposes, the domestic and foreign components of income (loss) before taxes were as follows:

(In millions)	2016			2015			2014
Domestic	$	(44.8	)	$	(67.5	)	$	(35.5	)
Foreign	346.1			327.4			333.7
Total	$	301.3		$	259.9		$	298.2

Provision (Benefit) for Income Taxes

The provision (benefit) for income taxes was as follows:

(In millions)	2016			2015			2014
Current:
Federal	$	(23.8	)	$	(22.8	)	$	11.5
Foreign	114.1			92.6			114.8
State	1.4			(0.8		)	1.5
	91.7			69.0			127.8
Deferred:
Federal	(14.7		)	(13.8		)	(40.6		)
Foreign	0.2			18.2			(1.9		)
State	0.5			0.7			(1.5		)
	(14.0		)	5.1			(44.0		)
Total	$	77.7		$	74.1		$	83.8

Effective Income Tax Provisions Reconciliation

The differences between the provision for income taxes and income taxes computed using the U.S. federal statutory rate were as follows:

(In millions)	2016			2015			2014
Amount computed using statutory rate	$	105.5		$	91.0		$	104.4
Increase (reduction) in taxes resulting from:
Net impact from repatriating foreign earnings and direct foreign tax credits	(16.3		)	(7.9		)	(17.7		)
Foreign income taxes	(7.5		)	(4.6		)	(20.6		)
Impact of non-deductible currency translation losses	—			3.1			19.0
Impact of changes in U.S. tax legislation	(2.7		)	—			—
Other changes in valuation allowances for deferred tax assets	(0.1		)	(0.4		)	(0.5		)
Foreign and domestic tax audit settlement and adjustments	—			(2.4		)	—
Other	(1.2		)	(4.7		)	(0.8		)
Total	$	77.7		$	74.1		$	83.8

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) were composed of the following:

(In millions)	2016			2015
Purchased intangibles	$	(21.7	)	$	(26.6	)
Other	(14.1		)	(9.2		)
Gross deferred tax liabilities	(35.8		)	(35.8		)
Credit and net operating loss carry forwards (net of unrecognized tax benefits)	301.2			293.6
Employee benefits accruals	63.1			63.2
Deferred costs	92.2			80.7
Fixed assets basis differences	22.4			33.6
Capitalized intangibles	34.2			32.7
Other accruals	32.1			27.8
Accounts receivable	11.3			10.5
Post-retirement benefits	7.1			7.5
Depreciation	13.4			7.2
Inventory	6.4			10.0
Gross deferred tax assets	583.4			566.8
Valuation allowances	(24.8		)	(23.1		)
Net deferred tax assets	$	522.8		$	507.9

Unrecognized Tax Benefits Rollforward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

(In millions)	2016			2015			2014
Balance, beginning of year	$	21.8		$	22.5		$	27.4
Additions based on tax positions related to the current year	2.7			3.3			3.9
Additions for tax positions of prior year	1.2			3.4			1.2
Reduction for tax positions of prior years	(1.2		)	(1.6		)	(3.1		)
Settlements	—			(1.1		)	(1.9		)
Reductions for lapse in statute of limitations	(3.1		)	(3.2		)	(3.7		)
Impact of foreign currency rate changes versus the U.S. dollar	(0.7		)	(1.5		)	(1.3		)
Balance, end of year	$	20.7		$	21.8		$	22.5

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Retirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Schedule of Funded Status of Company's Plan

The funded status of all of the Company's plans was as follows:

	U.S. plans												Foreign plans
	Pension benefits						Post-retirement benefits						Pension benefits
(In millions)	2016			2015			2016			2015			2016			2015
Change in benefit obligations:
Beginning balance	$	59.2		$	67.6		$	18.3		$	20.4		$	183.3		$	197.7
Service cost	0.3			0.3			0.1			0.1			11.3			10.3
Interest cost	2.2			2.3			0.7			0.7			4.5			4.5
Actuarial (gain) loss	(2.9		)	(8.6		)	(0.2		)	(1.0		)	7.3			(0.6		)
Benefits paid	(0.9		)	(2.2		)	(1.9		)	(1.8		)	(7.8		)	(11.1		)
Impact of exchange rates	—			—			—			(0.1		)	(11.0		)	(16.8		)
Plan participant contributions	—			—			—			—			0.8			4.2
Settlements/Curtailments	(8.1		)	(0.2		)	—			—			(8.8		)	(4.9		)
Ending balance	$	49.8		$	59.2		$	17.0		$	18.3		$	179.6		$	183.3
Change in plan assets at fair value:
Beginning balance	$	33.9		$	35.5		$	—		$	—		$	78.2		$	79.3
Actual return on plan assets	2.8			0.3			—			—			2.2			3.1
Company contributions	—			0.8			1.9			1.8			14.2			12.1
Plan participant contributions	—			—			—			—			0.8			4.2
Benefits and expenses paid	(1.6		)	(2.5		)	(1.9		)	(1.8		)	(7.8		)	(11.1		)
Impact of exchange rates	—			—			—			—			(1.9		)	(4.6		)
Settlements	(8.1		)	(0.2		)	—			—			(8.8		)	(4.8		)
Ending balance	$	27.0		$	33.9		$	—		$	—		$	76.9		$	78.2
Funded status of plans	$	(22.8	)	$	(25.3	)	$	(17.0	)	$	(18.3	)	$	(102.7	)	$	(105.1	)

Schedule of Amounts Recognized in Balance Sheet

Amounts recognized in the balance sheet consisted of:

(In millions)	December 31, 2016			December 26, 2015
Accrued benefit liability	$	(142.5	)	$	(148.7	)
Accumulated other comprehensive loss (pretax)	44.4			47.6

Schedule of Net Periodic Benefit Cost Not yet Recognized

Items not yet recognized as a component of pension expense as of December 31, 2016 and December 26, 2015 consisted of:

	2016					2015
(In millions)	Pension Benefits		Post-retirement Benefits			Pension Benefits		Post-retirement Benefits
Transition obligation	$	2.2	$	—		$	2.1	$	—
Prior service cost (benefit)	1.1		(7.3		)	1.2		(8.7		)
Net actuarial loss	47.4		1.0			51.7		1.3
Accumulated other comprehensive loss(income) pretax	$	50.7	$	(6.3	)	$	55.0	$	(7.4	)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

Components of other comprehensive loss (income) for the years ended December 31, 2016 and December 26, 2015 consisted of the following:

	2016						2015
(In millions)	Pension Benefits			Post-retirement Benefits			Pension Benefits			Post-retirement Benefits
Net prior service cost (benefit)	—			1.3			(0.1		)	1.9
Net actuarial (gain)	(12.3		)	(0.2		)	(13.2		)	(1.6		)
Impact of exchange rates	8.0			—			(5.6		)	—
Other comprehensive (income) loss	$	(4.3	)	$	1.1		$	(18.9	)	$	0.3

Components of Net Periodic Benefit Cost and Weighted Average Assumptions

The costs associated with all of the Company's plans were as follows:

	Pension benefits									Post-retirement benefits
(Dollars in millions)	2016			2015			2014			2016			2015			2014
Components of net periodic benefit cost:
Service cost and expenses	$	11.8		$	10.8		$	10.8		$	0.1		$	0.1		$	0.1
Interest cost	6.7			6.9			8.6			0.7			0.7			1.1
Return on plan assets	(5.3		)	(5.3		)	(5.8		)	—			—			—
Settlement/Curtailment	3.9			1.7			1.8			—			—			—
Employee contributions	(0.2		)	(0.2		)	(0.3		)	—			—			—
Net deferral	2.7			4.5			2.7			(1.3		)	(1.3		)	(0.6		)
Net periodic benefit cost (income)	$	19.6		$	18.4		$	17.8		$	(0.5	)	$	(0.5	)	$	0.6
Weighted average assumptions:
U.S. plans
Discount rate, net periodic benefit cost	3.9		%	3.6		%	3.9		%	4.0		%	3.8		%	4.5		%
Discount rate, benefit obligations	3.7			3.9			3.5			4.0			4.0			3.8
Return on plan assets	8.3			8.3			8.3			n/a			n/a			n/a
Salary growth rate, net periodic benefit cost	—			3.0			3.0			n/a			n/a			n/a
Salary growth rate, benefit obligations	—			—			3.0			n/a			n/a			n/a
Foreign plans
Discount rate	2.3		%	2.4		%	2.6		%	n/a			n/a			n/a
Return on plan assets	3.2			3.4			3.8			n/a			n/a			n/a
Salary growth rate	2.9			3.1			3.2			n/a			n/a			n/a

Schedule of Allocation of Plan Assets

The Company's weighted-average asset allocations at December 31, 2016 and December 26, 2015, by asset category, were as follows:

	2016				2015
Asset category	U.S. plans		Foreign plans		U.S. plans		Foreign plans
Equity securities	62	%	27	%	63	%	27	%
Fixed income securities	38		16		37		16
Cash and money market investments	—		6		—		6
Guaranteed contracts	—		50		—		50
Other	—		1		—		1
Total	100	%	100	%	100	%	100	%

The fair value of the Company's pension plan assets at December 31, 2016 by asset category was as follows:

Description of assets (in millions)		December 31, 2016		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Domestic plans:
	Common/collective trust (a)	$	27.0	$	—	$	27.0	$	—
Foreign plans:
Australia	Investment fund (b)	2.6		—		2.6		—
Switzerland	Guaranteed insurance contract (c)	28.5		—		—		28.5
Germany	Guaranteed insurance contract (c)	5.0		—		—		5.0
Belgium	Mutual fund (d)	21.8		21.8		—		—
Austria	Guaranteed insurance contract (c)	0.4		—		—		0.4
Korea	Guaranteed insurance contract (c)	4.0		—		—		4.0
Japan	Common/collective trust (e)	10.9		—		10.9		—
Philippines	Fixed income securities (f)	1.4		1.4		—		—
	Equity fund (f)	2.3		2.3		—		—
Total		$	103.9	$	25.5	$	40.5	$	37.9

The fair value of the Company's pension plan assets at December 26, 2015 by asset category was as follows:

Description of assets (in millions)		December 26, 2015		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Domestic plans:
	Common/collective trust (a)	$	33.9	$	—	$	33.9	$	—
Foreign plans:
Australia	Investment fund (b)	2.3		—		2.3		—
Switzerland	Guaranteed insurance contract (c)	30.9		—		—		30.9
Germany	Guaranteed insurance contract (c)	5.0		—		—		5.0
Belgium	Mutual funds (d)	21.8		21.8		—		—
Austria	Guaranteed insurance contract (c)	0.4		—		—		0.4
Korea	Guaranteed insurance contract (c)	2.4		—		—		2.4
Japan	Common/collective trust (e)	11.1		—		11.1		—
Philippines	Fixed income securities (f)	1.4		1.4		—		—
	Equity fund (f)	2.9		2.9		—		—
Total		$	112.1	$	26.1	$	47.3	$	38.7

____________________

(a) The investment strategy of the U.S. pension plan for each period presented was to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 60 percent in equity securities and 40 percent in fixed income securities. As of the years ended December 31, 2016 and December 26, 2015, the common trusts held 62 percent and 63 percent of its assets in equity securities and 38 percent and 37 percent in fixed income securities, respectively. The percentage of funds invested in equity securities at the end of 2016 and 2015, included: 10 percent in international stocks, 20 percent in small U.S. stocks in each year, and 32 percent and 33 percent in large U.S. stocks, respectively. The common trusts are comprised of shares or units in commingled funds that are not publicly traded. The underlying assets in these funds (equity securities and fixed income securities) are valued using quoted market prices.

(b) For each period presented, the strategy of this fund is to achieve a long-term net return of at least 4 percent above inflation based on the Australian consumer price index over a rolling five-year period. The investment strategy is to invest mainly in equities and property, which are expected to earn relatively higher returns over the long term. The fair value of the fund is determined using the net asset value per share using quoted market prices or other observable inputs in active markets. As of December 31, 2016 and December 26, 2015, the percentage of funds held in investments included: Australian equities of 31 percent and 29 percent, other equities of listed companies outside of Australia of 41 percent and 42 percent, real estate of 9 percent and 10 percent, respectively, and government and corporate bonds of 12 percent and cash of 7 percent in each year.

(c) The strategy of the Company's plans in Austria, Germany, Korea and Switzerland is to seek to ensure the future benefit payments of their participants and manage market risk. This is achieved by funding the pension obligations through guaranteed insurance contracts. The plan assets operate similar to investment contracts whereby the interest rate, as well as the surrender value, is guaranteed. The fair value is determined as the contract value, using a guaranteed rate of return which will increase if the market performance exceeds that return.

(d) The strategy of the Belgian plan in each period presented is to seek to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 62 percent in equity securities and 38 percent in fixed income securities. The fair value of the fund is calculated using the net asset value per share as determined by the quoted market prices of the underlying investments. As of December 31, 2016 and December 26, 2015, the percentage of funds held in various asset classes included: large-cap equities of European companies of 27 percent and 24 percent, small-cap equities of European companies of 17 percent and 19 percent, bonds, primarily from European and U.S. governments, of 32 percent and 31 percent, and money market fund of 17 percent and 18 percent, and equities outside of Europe, mainly in the U.S. and emerging markets, 7 percent and 8 percent, respectively.

(e) The Company's strategy is to invest approximately 47 percent of assets to benefit from the higher expected returns from long-term investments in equities and to invest 53 percent of assets in short-term low investment risk instruments to fund near term benefits payments. The target allocation for plan assets to implement this strategy is 40 percent equities in Japanese listed securities, 7 percent in equities outside of Japan, 3 percent in cash and other short-term investments and 50 percent in domestic Japanese bonds. This strategy has been achieved through a collective trust that held 100 percent of total funded assets as of December 31, 2016 and December 26, 2015. As of the end of December 31, 2016 and December 26, 2015, the allocation of funds within the common collective trust included: 40 percent and 50 percent in Japanese equities, 50 percent and 40 percent in Japanese bonds, respectively, and 7 percent in equities of companies based outside of Japan and 3 percent in cash and other short term investments in each year. The fair value of the collective trust is determined by the market value of the underlying shares, which are traded in active markets.

(f) In both years, the investment strategy in the Philippines was to achieve an appropriate balance between risk and return, from a diversified portfolio of Philippine peso denominated bonds and equities. The target asset class allocations is 57 percent in equity securities, 38 percent fixed income securities and 5 percent in cash and deposits. The fixed income securities at year end included assets valued using a weighted average of completed deals on similarly termed government securities, as well as balances invested in short term deposit accounts. The equity index fund was valued at the closing price of the active market in which it was traded.

Schedule of Reconciliation of Fair Value Measurements in Level 3

The following table presents a reconciliation of the beginning and ending balances of the fair value measurements using significant unobservable inputs (Level 3):

	Year Ending
(In millions)	December 31, 2016			December 26, 2015
Beginning balance	$	38.7		$	36.7
Realized gains	0.9			0.7
Purchases, sales and settlements, net	(0.4		)	2.5
Impact of exchange rates	(1.3		)	(1.2		)
Ending balance	$	37.9		$	38.7

Schedule of Expected Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid from the Company's U.S. and foreign plans (in millions):

Years	Pension benefits		Post-retirement benefits		Total
2017		$13.2		$1.8		$15.0
2018	15.9		1.7		17.6
2019	22.7		1.6		24.3
2020	11.7		1.5		13.2
2021	12.2		1.4		13.6
2022-2026	66.6		5.8		72.4

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Incentive Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock option valuation assumptions

The fair value of the Company's stock options is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions used in the last three years:

	2016		2015		2014
Dividend yield	4.7	%	4.3	%	3.3	%
Expected volatility	30	%	36	%	40	%
Risk-free interest rate	2.1	%	2.1	%	2.1	%
Expected life	7 years		7 years		7 years

Stock option activity

Stock option activity for 2016, under all of the Company's incentive plans, is summarized in the following table:

	Shares subject to option		Weighted average exercise price per share		Aggregate Intrinsic Value (in millions)
Outstanding at December 26, 2015	2,100,478			$56.92
Granted	666,848		58.90
Expired/Forfeited	(12,119	)	59.79
Exercised	(32,242	)	24.54
Outstanding at December 31, 2016	2,722,965			$57.78		$5.2
Exercisable at December 31, 2016	1,601,018			$57.37		$5.2

Schedule of restricted stock, restricted stock units, performance vested and market vested award activity

Restricted stock, restricted stock units, performance-vested and market-vested share award activity for 2016 under all of the Company's incentive plans is summarized in the following table:

	Non-vested Shares outstanding		Weighted average grant date per share fair value
Outstanding at December 26, 2015	550,467			$69.71
Time-vested shares granted	180,207		59.06
Market-vested shares granted	30,019		49.55
Performance shares granted	89,321		49.95
Performance share adjustments	369		58.50
Vested	(221,583	)	72.77
Forfeited	(25,860	)	70.37
Outstanding at December 31, 2016	602,940			$61.28

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Segment Information (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

(In millions)	2016			2015			2014
Net sales:
Europe	$	559.4		$	612.9		$	740.6
Asia Pacific	748.6			771.0			839.6
Tupperware North America	358.3			353.7			349.9
Beauty North America	190.0			240.0			290.9
South America	356.8			306.2			385.1
Total net sales	$	2,213.1		$	2,283.8		$	2,606.1
Segment profit:
Europe	$	65.3		$	92.4		$	117.5
Asia Pacific	181.0			175.9			191.7
Tupperware North America	69.7			67.4			68.3
Beauty North America	(3.6		)	2.3			1.3
South America	82.2			46.5			27.1
Total segment profit	$	394.6		$	384.5		$	405.9
Unallocated expenses	(67.6		)	(72.8		)	(55.9		)
Re-engineering and impairment charges (a)	(7.6		)	(20.3		)	(11.0		)
Gains on disposal of assets (b)	27.3			13.7			2.7
Interest expense, net	(45.4		)	(45.2		)	(43.5		)
Income before taxes	$	301.3		$	259.9		$	298.2

(In millions)	2016		2015		2014
Depreciation and amortization:
Europe	$	15.9	$	17.3	$	20.5
Asia Pacific	14.5		14.9		12.8
Tupperware North America	10.2		10.5		9.6
Beauty North America	8.5		10.8		11.8
South America	3.3		4.1		4.2
Corporate	5.1		4.8		4.8
Total depreciation and amortization	$	57.5	$	62.4	$	63.7
Capital expenditures:
Europe	$	15.6	$	18.2	$	18.9
Asia Pacific	12.0		12.3		19.3
Tupperware North America	9.1		9.2		11.8
Beauty North America	2.8		3.4		3.1
South America	12.4		8.9		12.6
Corporate	9.7		9.1		3.7
Total capital expenditures	$	61.6	$	61.1	$	69.4
Identifiable assets:
Europe	$	257.2	$	276.5	$	343.4
Asia Pacific	278.6		290.2		315.3
Tupperware North America	119.0		121.2		137.1
Beauty North America	214.7		254.0		317.0
South America	124.6		96.9		131.1
Corporate	593.7		559.4		525.9
Total identifiable assets	$	1,587.8	$	1,598.2	$	1,769.8

____________________

(a) See Note 2 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

(b) Gains on disposal of assets in 2016, 2015 and 2014 include $26.5 million, $12.9 million and $1.3 million from transactions related to land near the Orlando, FL headquarters.

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Allowance for Long-Term Receivables (Tables)

12 Months Ended

Dec. 31, 2016

Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]

Allowance for Credit Losses on Financing Receivables Table

The balance of the allowance for long-term receivables as of December 31, 2016 was as follows:

(In millions)
Balance at December 26, 2015	$	11.2
Write-offs	(2.0		)
Provision (a)	2.0
Currency translation adjustment	(0.2		)
Balance at December 31, 2016	$	11.0

____________________

(a) Provision includes $1.6 million of reclassifications from current receivables.

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Guarantor Information (Tables)

12 Months Ended

Dec. 31, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidating Statement of Income

Consolidating Statement of Income

	Year ended December 31, 2016
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,219.1	$	(6.0	)	$	2,213.1
Other revenue	—			126.9			29.3		(156.2		)	—
Cost of products sold	—			29.4			838.9		(153.3		)	715.0
Gross margin	—			97.5			1,409.5		(8.9		)	1,498.1
Delivery, sales and administrative expense	19.1			78.1			1,082.5		(8.9		)	1,170.8
Re-engineering and impairment charges	—			1.2			6.4		—			7.6
Gains on disposal of assets including insurance recoveries, net	—			—			27.3		—			27.3
Operating income (loss)	(19.1		)	18.2			347.9		—			347.0
Interest income	20.9			1.8			27.1		(46.4		)	3.4
Interest expense	34.9			51.5			8.8		(46.4		)	48.8
Income from equity investments in subsidiaries	242.3			240.9			—		(483.2		)	—
Other expense	0.1			(33.6		)	33.8		—			0.3
Income before income taxes	209.1			243.0			332.4		(483.2		)	301.3
Provision (benefit) for income taxes	(14.5		)	5.1			87.1		—			77.7
Net income	$	223.6		$	237.9		$	245.3	$	(483.2	)	$	223.6
Comprehensive income	$	174.1		$	188.0		$	163.8	$	(351.8	)	$	174.1

Consolidating Statement of Income

	Year ended December 26, 2015
(In millions)	Parent			Guarantor			Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—		$	2,288.6	$	(4.8	)	$	2,283.8
Other revenue	—			123.9			31.6		(155.5		)	—
Cost of products sold	—			31.6			864.0		(151.2		)	744.4
Gross margin	—			92.3			1,456.2		(9.1		)	1,539.4
Delivery, sales and administrative expense	20.6			78.6			1,127.5		(9.1		)	1,217.6
Re-engineering and impairment charges	—			—			20.3		—			20.3
Gains on disposal of assets including insurance recoveries, net	—			—			13.7		—			13.7
Operating income (loss)	(20.6		)	13.7			322.1		—			315.2
Interest income	19.6			22.5			7.4		(47.1		)	2.4
Interest expense	36.4			37.7			20.6		(47.1		)	47.6
Income from equity investments in subsidiaries	208.1			203.6			—		(411.7		)	—
Other expense	—			0.6			9.5		—			10.1
Income before income taxes	170.7			201.5			299.4		(411.7		)	259.9
Provision (benefit) for income taxes	(15.1		)	(4.0		)	93.2		—			74.1
Net income	$	185.8		$	205.5		$	206.2	$	(411.7	)	$	185.8
Comprehensive income	$	72.5		$	84.0		$	104.0	$	(188.0	)	$	72.5

Consolidating Statement of Income

	Year ended December 27, 2014
(In millions)	Parent			Guarantor		Non-Guarantors		Eliminations			Total
Net sales	$	—		$	—	$	2,613.9	$	(7.8	)	$	2,606.1
Other revenue	—			138.5		25.9		(164.4		)	—
Cost of products sold	—			25.9		1,020.8		(162.7		)	884.0
Gross margin	—			112.6		1,619.0		(9.5		)	1,722.1
Delivery, sales and administrative expense	19.5			67.1		1,269.0		(9.5		)	1,346.1
Re-engineering and impairment charges	—			0.1		10.9		—			11.0
Gains on disposal of assets including insurance recoveries, net	—			—		2.7		—			2.7
Operating income (loss)	(19.5		)	45.4		341.8		—			367.7
Interest income	0.4			28.9		4.4		(30.7		)	3.0
Interest expense	36.3			20.7		20.2		(30.7		)	46.5
Income from equity investments in subsidiaries	250.3			217.4		—		(467.7		)	—
Other expense	—			0.2		25.8		—			26.0
Income before income taxes	194.9			270.8		300.2		(467.7		)	298.2
Provision (benefit) for income taxes	(19.5		)	20.8		82.5		—			83.8
Net income	$	214.4		$	250.0	$	217.7	$	(467.7	)	$	214.4
Comprehensive income	$	122.5		$	160.9	$	166.4	$	(327.3	)	$	122.5

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

	December 31, 2016
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	0.5	$	92.7	$	—		$	93.2
Accounts receivable, net	—		—		125.3		—			125.3
Inventories	—		—		240.4		—			240.4
Non-trade amounts receivable, net	—		50.5		85.1		(70.7		)	64.9
Intercompany receivables	11.9		935.8		270.3		(1,218.0		)	—
Prepaid expenses and other current assets	1.1		5.4		100.9		(85.9		)	21.5
Total current assets	13.0		992.2		914.7		(1,374.6		)	545.3
Deferred income tax benefits, net	142.7		193.2		203.8		—			539.7
Property, plant and equipment, net	—		50.4		209.4		—			259.8
Long-term receivables, net	—		0.1		13.1		—			13.2
Tradenames, net	—		—		67.3		—			67.3
Goodwill	—		2.9		129.7		—			132.6
Investments in subsidiaries	1,356.7		1,321.3		—		(2,678.0		)	—
Intercompany notes receivable	479.4		95.6		725.6		(1,300.6		)	—
Other assets, net	1.2		1.2		57.8		(30.3		)	29.9
Total assets	$	1,993.0	$	2,656.9	$	2,321.4	$	(5,383.5	)	$	1,587.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	5.0	$	112.7	$	—		$	117.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	104.0		—		1.9		—			105.9
Intercompany payables	858.9		263.4		95.7		(1,218.0		)	—
Accrued liabilities	130.9		102.8		246.9		(156.6		)	324.0
Total current liabilities	1,093.8		371.2		457.2		(1,374.6		)	547.6
Long-term debt and capital lease obligations	599.4		—		6.6		—			606.0
Intercompany notes payable	77.0		928.0		295.6		(1,300.6		)	—
Other liabilities	10.0		56.8		184.9		(30.3		)	221.4
Shareholders' equity	212.8		1,300.9		1,377.1		(2,678.0		)	212.8
Total liabilities and shareholders' equity	$	1,993.0	$	2,656.9	$	2,321.4	$	(5,383.5	)	$	1,587.8

Condensed Consolidating Balance Sheet

	December 26, 2015
(In millions)	Parent		Guarantor		Non-Guarantors		Eliminations			Total
ASSETS
Cash and cash equivalents	$	—	$	—	$	79.8	$	—		$	79.8
Accounts receivable, net	—		—		142.7		—			142.7
Inventories	—		—		254.6		—			254.6
Non-trade amounts receivable, net	0.1		30.1		109.6		(94.3		)	45.5
Intercompany receivables	11.8		754.2		228.8		(994.8		)	—
Prepaid expenses and other current assets	1.1		3.3		118.1		(94.6		)	27.9
Total current assets	13.0		787.6		933.6		(1,183.7		)	550.5
Deferred income tax benefits, net	143.5		219.9		161.5		—			524.9
Property, plant and equipment, net	—		46.6		207.0		—			253.6
Long-term receivables, net	—		0.1		13.1		—			13.2
Tradenames, net	—		—		82.7		—			82.7
Goodwill	—		2.9		143.4		—			146.3
Investment in subsidiaries	1,164.8		1,190.1		—		(2,354.9		)	—
Intercompany notes receivable	462.0		90.5		579.7		(1,132.2		)	—
Other assets, net	1.6		0.6		108.1		(83.3		)	27.0
Total assets	$	1,784.9	$	2,338.3	$	2,229.1	$	(4,754.1	)	$	1,598.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	$	—	$	3.3	$	123.5	$	(0.1	)	$	126.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	90.4		1.2		70.9		—			162.5
Intercompany payables	688.2		224.2		82.4		(994.8		)	—
Accrued liabilities	155.1		111.5		247.1		(188.9		)	324.8
Total current liabilities	933.7		340.2		523.9		(1,183.8		)	614.0
Long-term debt and capital lease obligations	599.3		—		8.9		—			608.2
Intercompany notes payable	78.5		768.1		285.6		(1,132.2		)	—
Other liabilities	12.4		107.8		178.0		(83.2		)	215.0
Shareholders' equity	161.0		1,122.2		1,232.7		(2,354.9		)	161.0
Total liabilities and shareholders' equity	$	1,784.9	$	2,338.3	$	2,229.1	$	(4,754.1	)	$	1,598.2

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

	Year ended December 31, 2016
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	(29.9	)	$	(0.8	)	$	275.2		$	(5.9	)	$	238.6
Investing Activities:
Capital expenditures	—			(16.0		)	(45.6		)	—			(61.6		)
Proceeds from disposal of property, plant and equipment	—			—			35.9			—			35.9
Net intercompany loans	(18.9		)	(186.4		)	(194.5		)	399.8			—
Net cash provided by (used in) investing activities	(18.9		)	(202.4		)	(204.2		)	399.8			(25.7		)
Financing Activities:
Dividend payments to shareholders	(138.8		)	—			—			—			(138.8		)
Dividend payments to parent	—			—			(21.2		)	21.2			—
Net proceeds from issuance of senior notes	(0.2		)	—			0.2			—			—
Proceeds from exercise of stock options	0.8			—			—			—			0.8
Repurchase of common stock	(1.7		)	—			—			—			(1.7		)
Repayment of long-term debt and capital lease obligations	—			—			(2.2		)	—			(2.2		)
Net change in short-term debt	17.5			(1.2		)	(68.3		)	—			(52.0		)
Excess tax benefits from share-based payment arrangements	0.6			—			—			—			0.6
Net intercompany borrowings	170.6			204.9			39.6			(415.1		)	—
Net cash provided by (used in) financing activities	48.8			203.7			(51.9		)	(393.9		)	(193.3		)
Effect of exchange rate changes on cash and cash equivalents	—			—			(6.2		)	—			(6.2		)
Net change in cash and cash equivalents	—			0.5			12.9			—			13.4
Cash and cash equivalents at beginning of year	—			—			79.8			—			79.8
Cash and cash equivalents at end of period	$	—		$	0.5		$	92.7		$	—		$	93.2

Condensed Consolidating Statement of Cash Flows

	Year ended December 26, 2015
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	438.9		$	230.6		$	66.4		$	(510.2	)	$	225.7
Investing Activities:
Capital expenditures	—			(14.7		)	(46.4		)	—			(61.1		)
Proceeds from disposal of property, plant and equipment	—			—			18.0			—			18.0
Net intercompany loans	(335.7		)	296.3			492.0			(452.6		)	—
Return of capital	—			105.5			—			(105.5		)	—
Net cash provided by (used in) investing activities	(335.7		)	387.1			463.6			(558.1		)	(43.1		)
Financing Activities:
Dividend payments to shareholders	(138.0		)	—			—			—			(138.0		)
Dividend payments to parent	—			(400.0		)	(103.1		)	503.1			—
Net proceeds from issuance of senior notes	0.1			—			(0.1		)	—			—
Proceeds from exercise of stock options	16.1			—			—			—			16.1
Repurchase of common stock	(1.5		)	—			—			—			(1.5		)
Repayment of long-term debt and capital lease obligations	—			—			(2.6		)	—			(2.6		)
Net change in short-term debt	(9.5		)	(2.3		)	(24.6		)	—			(36.4		)
Debt issuance costs	(0.7		)	—			—			—			(0.7		)
Excess tax benefits from share-based payment arrangements	6.0			—			—			—			6.0
Net intercompany borrowings	24.3			(215.3		)	(268.8		)	459.8			—
Return of capital to parent	—			—			(105.5		)	105.5			—
Net cash provided by (used in) financing activities	(103.2		)	(617.6		)	(504.7		)	1,068.4			(157.1		)
Effect of exchange rate changes on cash and cash equivalents	—			(0.1		)	(22.5		)	(0.1		)	(22.7		)
Net change in cash and cash equivalents	—			—			2.8			—			2.8
Cash and cash equivalents at beginning of year	—			—			77.0			—			77.0
Cash and cash equivalents at end of period	$	—		$	—		$	79.8		$	—		$	79.8

Condensed Consolidating Statement of Cash Flows

	Year ended December 27, 2014
(In millions)	Parent			Guarantor			Non-Guarantors			Eliminations			Total
Operating Activities:
Net cash provided by (used in) operating activities	$	306.7		$	1,482.7		$	96.5		$	(1,601.8	)	$	284.1
Investing Activities:
Capital expenditures	—			(14.7		)	(54.7		)	—			(69.4		)
Proceeds from disposal of property, plant and equipment	—			—			7.1			—			7.1
Net intercompany loans	5.1			(190.8		)	1,839.9			(1,654.2		)	—
Return of capital	—			604.3			—			(604.3		)	—
Net cash provided by (used in) investing activities	5.1			398.8			1,792.3			(2,258.5		)	(62.3		)
Financing Activities:
Dividend payments to shareholders	(135.5		)	—			—			—			(135.5		)
Dividend payments to parent	—			(352.0		)	(1,281.5		)	1,633.5			—
Proceeds from exercise of stock options	15.7			—			—			—			15.7
Repurchase of common stock	(92.3		)	—			—			—			(92.3		)
Repayment of long-term debt and capital lease obligations	—			—			(3.0		)	—			(3.0		)
Net change in short-term debt	(9.1		)	2.3			4.6			—			(2.2		)
Excess tax benefits from share-based payment arrangements	6.3			—			—			—			6.3
Net intercompany borrowings	(96.9		)	(1,530.4		)	4.9			1,622.4			—
Return of capital to parent	—			—			(604.3		)	604.3			—
Net cash provided by (used in) financing activities	(311.8		)	(1,880.1		)	(1,879.3		)	3,860.2			(211.0		)
Effect of exchange rate changes on cash and cash equivalents	—			(1.5		)	(59.7		)	0.1			(61.1		)
Net change in cash and cash equivalents	—			(0.1		)	(50.2		)	—			(50.3		)
Cash and cash equivalents at beginning of year	—			0.1			127.2			—			127.3
Cash and cash equivalents at end of period	$	—		$	—		$	77.0		$	—		$	77.0

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Quarterly Financial Summary (Tables)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data [Abstract]

Schedule of Quarterly Financial Summary

Following is a summary of the unaudited interim results of operations for each quarter in the years ended December 31, 2016 and December 26, 2015.

(In millions, except per share amounts)	First quarter		Second quarter		Third quarter		Fourth quarter
Year ended December 31, 2016
Net sales	$	525.7	$	564.7	$	521.8	$	600.9
Gross margin	359.7		380.8		353.4		404.2
Net income	43.4		52.4		48.8		79.0
Basic earnings per share	0.86		1.04		0.97		1.56
Diluted earnings per share	0.86		1.03		0.96		1.55
Dividends declared per share	0.68		0.68		0.68		0.68
Composite stock price range:
High	58.30		62.40		66.90		66.67
Low	42.60		52.64		50.43		52.32
Close	$	55.39	$	53.15	$	64.31	$	52.62
Year ended December 26, 2015
Net sales	$	581.8	$	588.9	$	521.0	$	592.1
Gross margin	390.2		399.8		348.5		400.9
Net income	29.5		62.0		36.2		58.1
Basic earnings per share	0.59		1.24		0.72		1.16
Diluted earnings per share	0.59		1.23		0.72		1.15
Dividends declared per share	0.68		0.68		0.68		0.68
Composite stock price range:
High	72.93		70.78		67.35		62.02
Low	59.35		64.35		47.85		48.73
Close	$	70.25	$	67.36	$	50.06	$	55.89

Certain items impacting quarterly comparability for 2016 and 2015 were as follows:

• Pretax re-engineering and impairment costs of $1.1 million, $1.9 million, $2.4 million and $2.2 million were recorded in the first through fourth quarters of 2016, respectively. Pretax re-engineering and impairment costs of $2.7 million, $1.5 million, $0.3 million and $2.3 million were recorded in the first through fourth quarters of 2015, respectively, as well as $13.5 million in the first quarter of 2015 for the impairment charge of fixed assets in Venezuela. Refer to Note 2 to the Consolidated Financial Statements for further discussion.

• In Venezuela, in connection with re-measuring net monetary assets and recording in cost of sales inventory at the exchange rate when it was purchased or manufactured compared to when it was sold, the Company had impacts of $0.2 million, $3.6 million, $0.3 million and $0.2 million in the first, second, third and fourth quarters of 2016, respectively, and impacts of $9.3 million, $1.8 million, $2.0 million and $1.8 million in the same quarters of 2015. See Note 1 of the Consolidated Financial Statements for further details.

• Pretax gains on disposal of assets, primarily related to transactions related to land near the Company's Orlando headquarters, were $0.1 million, $0.8 million, $24.2 million and $2.2 million in the first through fourth quarters of 2016 , respectively. They were $0.6 million, $10.8 million, $2.0 million and $0.3 million in the same quarters of 2015, respectively.

• The Company's fiscal year ends on the last Saturday of December, and as a result, the fourth quarter of 2016 contained 14 weeks, as compared with 13 weeks in the fourth quarter of 2015.

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Summary of Significant Accounting Policies (Principles of Consolidation) (Details)	3 Months Ended		12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Accounting Policies [Abstract]
Fiscal Period Duration	98 days	91 days	371 days	364 days	364 days

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Summary of Significant Accounting Policies (Cash and Cash Equivalents) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
Accounting Policies [Abstract]
Time deposits, certificates of deposit or similar instruments	$ 9.6	$ 7.4

XML

Summary of Significant Accounting Policies (Internal Use Software Development Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Internal Use Software Development Costs [Line Items]
Capitalized internal use software development costs, net	$ 21.3	$ 20.1
Software Development [Member]
Internal Use Software Development Costs [Line Items]
Amortization	$ 6.9	$ 5.7	$ 4.4

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Summary of Significant Accounting Policies (Property, Plant and Equipment) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 43.0	$ 46.5	$ 47.3
Minimum [Member] | Building and improvements
Property, Plant and Equipment [Line Items]
Useful life (years)	10 years
Minimum [Member] | Molds
Property, Plant and Equipment [Line Items]
Useful life (years)	4 years
Minimum [Member] | Production equipment
Property, Plant and Equipment [Line Items]
Useful life (years)	10 years
Minimum [Member] | Distribution equipment
Property, Plant and Equipment [Line Items]
Useful life (years)	5 years
Minimum [Member] | Computer/telecom equipment
Property, Plant and Equipment [Line Items]
Useful life (years)	3 years
Minimum [Member] | Capitalized software
Property, Plant and Equipment [Line Items]
Useful life (years)	3 years
Maximum [Member] | Building and improvements
Property, Plant and Equipment [Line Items]
Useful life (years)	40 years
Maximum [Member] | Molds
Property, Plant and Equipment [Line Items]
Useful life (years)	10 years
Maximum [Member] | Production equipment
Property, Plant and Equipment [Line Items]
Useful life (years)	20 years
Maximum [Member] | Distribution equipment
Property, Plant and Equipment [Line Items]
Useful life (years)	10 years
Maximum [Member] | Computer/telecom equipment
Property, Plant and Equipment [Line Items]
Useful life (years)	5 years
Maximum [Member] | Capitalized software
Property, Plant and Equipment [Line Items]
Useful life (years)	5 years

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Summary of Significant Accounting Policies (Goodwill) (Details)	3 Months Ended
	Sep. 24, 2016
Income Approach Valuation Technique [Member] | Goodwill [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Fair value, intangible assets, percent calculated using income approach	75.00%

XML

Summary of Significant Accounting Policies (Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2016
Definite-lived tradename
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life	10 years

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Summary of Significant Accounting Policies (Promotional and Other Accrual) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Accounting Policies [Abstract]
Promotional and Other Sales Force Compensation Expense	$ 376.2	$ 378.7	$ 430.1

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Summary of Significant Accounting Policies (Shipping and Handling Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Accounting Policies [Abstract]
Distribution Costs	$ 137.0	$ 139.3	$ 156.6

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Summary of Significant Accounting Policies (Advertising and Research and Development Costs) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Accounting Policies [Abstract]
Advertising Expense	$ 8.3	$ 13.4	$ 19.9
Research and Development Costs	$ 18.3	$ 18.1	$ 19.3

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Summary of Significant Accounting Policies (Accounting for Stock-Based Compensation) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Share-based Compensation [Abstract]
Excess tax benefits from option exercises	$ 0.6	$ 6.0	$ 6.3

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Summary of Significant Accounting Policies (Net Income Per Common Share) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 24, 2016	Jun. 25, 2016	Mar. 26, 2016	Dec. 26, 2015	Sep. 26, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Accounting Policies [Abstract]
Net income	$ 79.0	$ 48.8	$ 52.4	$ 43.4	$ 58.1	$ 36.2	$ 62.0	$ 29.5	$ 223.6	$ 185.8	$ 214.4
Weighted-average shares of common stock outstanding									50.5	49.9	50.1
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units									0.2	0.5	0.9
Weighted-average common and common equivalent shares outstanding									50.7	50.4	51.0
Basic earnings per share	$ 1.56	$ 0.97	$ 1.04	$ 0.86	$ 1.16	$ 0.72	$ 1.24	$ 0.59	$ 4.43	$ 3.72	$ 4.28
Diluted earnings per share	$ 1.55	$ 0.96	$ 1.03	$ 0.86	$ 1.15	$ 0.72	$ 1.23	$ 0.59	$ 4.41	$ 3.69	$ 4.20
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive									1.4	0.9	0.4

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Summary of Significant Accounting Policies (Foreign Currency Translation) (Details) - Venezuela - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 24, 2016	Jun. 25, 2016	Mar. 26, 2016	Dec. 26, 2015	Sep. 26, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Intercompany Foreign Currency Balance [Line Items]
Translation Adjustment Functional to Reporting Currency, Net of Tax	$ (25.5)								$ (25.5)
Other expense
Intercompany Foreign Currency Balance [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax	$ (0.2)	$ (0.3)	$ (3.6)	$ (0.2)	$ (1.8)	$ (2.0)	$ (1.8)	$ (9.3)	$ (4.3)	$ (14.9)	$ (42.4)

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Summary of Significant Accounting Policies New Accounting pronouncements (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Goodwill	$ 132.6	$ 146.3
Goodwill [Member] | Fuller Mexico [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Goodwill	$ 73.2

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Re-engineering Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 28, 2015	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014	Feb. 28, 2015
Restructuring Cost and Reserve [Line Items]
Severance		$ 5.4	$ 5.0	$ 7.4
Other		2.2	1.8	3.6
Restructuring Charges		7.6	6.8	13.3
Write-down of inventories		10.8	14.3	17.8
Property, plant and equipment, net		259.8	253.6
Restructuring Reserve [Roll Forward]
Beginning balance	$ 2.4	1.7	2.4	2.6
Provision		7.6	6.8	11.0
Non-cash charges		(0.3)	(0.2)	(1.8)
Ending balance		1.6	1.7	2.4
Re-engineering charges
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		7.6	6.8	11.0
Cost of products sold
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		0.0	0.0	2.3
Software write-off
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			1.1
Severance
Restructuring Reserve [Roll Forward]
Cash expenditures		(5.2)	(5.8)	(7.1)
Other
Restructuring Reserve [Roll Forward]
Cash expenditures		$ (2.2)	(1.5)	$ (2.3)
Facility Closing | Armand Dupree United States
Restructuring Cost and Reserve [Line Items]
Write-down of inventories			1.9
Facility Closing | Nutrimetics Thailand
Restructuring Cost and Reserve [Line Items]
Write-down of inventories			$ 0.4
Venezuela
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	13.5
Fair Value, Measurements, Nonrecurring | Venezuela
Restructuring Cost and Reserve [Line Items]
Property, plant and equipment, net					$ 15.7
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring | Venezuela
Restructuring Cost and Reserve [Line Items]
Property, Plant, and Equipment, Fair Value Disclosure	$ 2.2

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Inventories (Components of Inventories) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
Inventory, Net [Abstract]
Finished goods	$ 189.4	$ 203.2
Work in process	23.0	21.0
Raw materials and supplies	28.0	30.4
Total inventories	$ 240.4	$ 254.6

XML

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,317.0	$ 1,320.7
Less accumulated depreciation	(1,057.2)	(1,067.1)
Property, plant and equipment, net	259.8	253.6
Land
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	36.7	35.3
Building and improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	194.1	194.1
Molds
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	624.7	624.7
Production equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	264.3	270.6
Distribution equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	37.4	36.3
Computer/telecom equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	45.2	46.2
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	15.8	10.9
Capitalized software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	69.5	76.0
Construction in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 29.3	$ 26.6

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Accrued and Other Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
Accrued Liabilities [Abstract]
Income taxes payable	$ 23.1	$ 25.0
Compensation and employee benefits	73.0	83.4
Advertising and promotion	57.6	62.1
Taxes other than income taxes	24.5	22.3
Pensions	2.7	4.0
Post-retirement benefits	1.7	1.9
Dividends payable	34.4	34.3
Foreign currency contracts	31.7	14.6
Other	75.3	77.2
Total accrued liabilities	324.0	324.8
Other Liabilities [Abstract]
Post-retirement benefits	15.4	16.4
Pensions	123.0	126.4
Income taxes	22.5	18.7
Deferred income tax	17.6	16.9
Other	42.9	36.6
Total other liabilities	$ 221.4	$ 215.0

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Goodwill and Intangible Assets (Details) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Aug. 31, 2013	Sep. 24, 2016	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Goodwill impairment			$ 0	$ 0
Goodwill			132,600,000	146,300,000
Amortization of Intangible Assets			7,600,000	10,200,000	$ 11,800,000
Goodwill [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Goodwill impairment			0	0
Cash flow model forecast period		10 years
Goodwill [Member] | Income Approach Valuation Technique [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Fair value, intangible assets, percent calculated using income approach		75.00%
Fuller Mexico [Member] | Trade Names [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Useful life	10 years
Amortization of Intangible Assets			7,600,000	$ 8,800,000	$ 10,200,000
Fuller Mexico [Member] | Goodwill [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Goodwill			$ 73,200,000
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount		20.00%
Fuller Mexico [Member] | Goodwill [Member] | Income Approach Valuation Technique [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Fair Value Inputs, Terminal Growth Rate		3.00%
Fair Value Inputs, Discount Rate		14.80%
Fuller Mexico [Member] | Goodwill [Member] | Minimum [Member] | Income Approach Valuation Technique [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Fair value, intangible assets, income approach, growth rate assumption		1.00%
Fuller Mexico [Member] | Goodwill [Member] | Maximum [Member] | Income Approach Valuation Technique [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Fair value, intangible assets, income approach, growth rate assumption		5.00%
Fuller Mexico [Member] | Goodwill [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member]
Impairment Testing, Goodwill and Intangible Assets [Line Items]
Fair value, intangible assets, income approach, growth rate assumption		4.00%

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Goodwill and Intangible Assets (Goodwill) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015
Goodwill [Roll Forward]
Gross goodwill, beginning balance	$ 251,000,000	$ 269,400,000
Effect of changes in exchange rates	(13,700,000)	(18,400,000)
Gross goodwill, ending balance	237,300,000	251,000,000
Goodwill, Accumulated Impairment [Abstract]
Accumulated impairment, beginning balance	104,700,000	104,700,000
Goodwill impairment	0	0
Accumulated impairment, ending balance	104,700,000	104,700,000
Europe [Member]
Goodwill [Roll Forward]
Gross goodwill, beginning balance	28,900,000	30,300,000
Effect of changes in exchange rates	400,000	(1,400,000)
Gross goodwill, ending balance	29,300,000	28,900,000
Goodwill, Accumulated Impairment [Abstract]
Accumulated impairment, beginning balance	24,500,000	24,500,000
Goodwill impairment	0	0
Accumulated impairment, ending balance	24,500,000	24,500,000
Asia Pacific [Member]
Goodwill [Roll Forward]
Gross goodwill, beginning balance	74,700,000	75,400,000
Effect of changes in exchange rates	1,200,000	(700,000)
Gross goodwill, ending balance	75,900,000	74,700,000
Goodwill, Accumulated Impairment [Abstract]
Accumulated impairment, beginning balance	41,300,000	41,300,000
Goodwill impairment	0	0
Accumulated impairment, ending balance	41,300,000	41,300,000
Tupperware North America [Member]
Goodwill [Roll Forward]
Gross goodwill, beginning balance	16,300,000	16,300,000
Effect of changes in exchange rates	0	0
Gross goodwill, ending balance	16,300,000	16,300,000
Goodwill, Accumulated Impairment [Abstract]
Accumulated impairment, beginning balance	0	0
Goodwill impairment	0	0
Accumulated impairment, ending balance	0	0
Beauty North America [Member]
Goodwill [Roll Forward]
Gross goodwill, beginning balance	127,500,000	142,600,000
Effect of changes in exchange rates	(15,400,000)	(15,100,000)
Gross goodwill, ending balance	112,100,000	127,500,000
Goodwill, Accumulated Impairment [Abstract]
Accumulated impairment, beginning balance	38,900,000	38,900,000
Goodwill impairment	0	0
Accumulated impairment, ending balance	38,900,000	38,900,000
South America [Member]
Goodwill [Roll Forward]
Gross goodwill, beginning balance	3,600,000	4,800,000
Effect of changes in exchange rates	100,000	(1,200,000)
Gross goodwill, ending balance	3,700,000	3,600,000
Goodwill, Accumulated Impairment [Abstract]
Accumulated impairment, beginning balance	0	0
Goodwill impairment	0	0
Accumulated impairment, ending balance	0	0
Goodwill [Member]
Goodwill, Accumulated Impairment [Abstract]
Goodwill impairment	$ 0	$ 0

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Goodwill and Intangible Assets (Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Finite and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Amortization of Intangible Assets	$ 7.6	$ 10.2	$ 11.8
Finite-lived intangible assets, accumulated amortization	23.3	19.1
Total intangible assets, gross	90.6	101.8	$ 116.8
Total intangible assets, net	67.3	82.7
Trademarks and tradenames [Member]
Finite and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Finite-lived intangible assets, gross carrying value	70.0	81.7
Finite-lived intangible assets, accumulated amortization	23.3	19.1
Finite-lived intangible assets, net	46.7	62.6
Trademarks and tradenames [Member]
Finite and Indefinite-Lived Intangible Assets by Major Class [Line Items]
Amortization of Intangible Assets	0.0	0.0
Indefinite-lived tradenames	$ 20.6	$ 20.1

XML

Goodwill and Intangible Assets (Identifiable Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015
Identifiable Intanglble Assets [Roll Forward]
Beginning balance	$ 101.8	$ 116.8
Effect of changes in exchange rates	(11.2)	(15.0)
Ending balance	$ 90.6	$ 101.8

XML

Goodwill and Intangible Assets (Amortization Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 7.6	$ 10.2	$ 11.8
Estimated Annual Amortization Expense [Abstract]
Estimated Amortization Expense, Year One	7.0
Estimated Amortization Expense, Year Two	7.0
Estimated Amortization Expense, Year Three	7.0
Estimated Amortization Expense, Year Four	7.0
Estimated Amortization Expense, Year Five	$ 7.0

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Financing Obligations (Debt Obligations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014	Jun. 08, 2015	Mar. 11, 2013	Jun. 02, 2011
Debt Instrument [Line Items]
Capital Lease Obligations	$ 8.4	$ 10.6
Debt and Capital Lease Obligations	711.9	770.7
Long-term Debt and Capital Lease Obligations, Current	105.9	162.5
Long-term debt and capital lease obligations	606.0	608.2
Short-term Debt	$ 104.0	$ 160.4
Short-term Debt, Weighted Average Interest Rate	1.50%	1.50%
Short-term Debt, Average Outstanding Amount	$ 357.4	$ 394.9
Short-term Debt, Maximum Amount Outstanding During Period	429.3	444.8
Line of Credit Facility, Remaining Borrowing Capacity	577.0
Interest Paid	47.4	47.8	$ 44.0
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	105.9
Long-term Debt, Maturities, Repayments of Principal in Year Two	1.8
Long-term Debt, Maturities, Repayments of Principal in Year Three	1.4
Long-term Debt, Maturities, Repayments of Principal in Year Four	1.2
Long-term Debt, Maturities, Repayments of Principal in Year Five	600.6
Long-term Debt, Maturities, Repayments of Principal after Year Five	1.0
Fixed rate Senior Notes due 2021
Debt Instrument [Line Items]
Long-term Debt	$ 599.4	599.3
Aggregate principal amount					$ 200.0	$ 400.0
Stated interest rate						4.75%
Debt Instrument, Unamortized Premium					7.6
Debt Issuance Cost, Capitalized					$ 1.5
Debt Instrument, Repurchase Required Upon Change of Control, Redemption Price as Percentage of Principal Amount	101.00%
Fixed rate Senior Notes due 2021 | Redemption Period, Prior to March 1, 2021 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%
Debt Instrument, Percent Spread on Redemption Discount Rate	0.30%
Debt Instrument, Description of Variable Rate Basis	Treasury Rate
Fixed rate Senior Notes due 2021 | Redemption Period, On or After March 1, 2021 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed	100.00%
Five year Revolving Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 600.0			$ 650.0
Line of Credit Facility, Maximum Borrowing Capacity	$ 800.0
Line of Credit Facility, Number of Occasions Permitted to Increase Borrowing Capacity	3
Line of Credit Facility, Additional Borrowing Capacity	$ 200.0
Line of Credit Facility, Remaining Borrowing Capacity	494.7
Belgium facility capital lease
Debt Instrument [Line Items]
Capital Lease Obligations	8.4	10.6
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	$ 0.1	$ 5.0
Short-term Debt [Member] | Weighted Average [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate During Period	1.80%	1.50%
Uncommitted Lines of credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	$ 82.3
London Interbank Offered Rate (LIBOR) [Member] | Five year Revolving Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Subsidiaries [Member] | Five year Revolving Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 325.0
Letter of Credit [Member] | Five year Revolving Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	50.0
Revolving Credit Facility [Member] | Five year Revolving Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	104.0
Revolving Credit Facility [Member] | Five year Revolving Credit Agreement | Euro
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	$ 84.6
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Five year Revolving Credit Agreement
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	LIBOR
Line of Credit Facility, Interest Rate at Period End	1.50%
Bridge Loan [Member] | Five year Revolving Credit Agreement
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100.0
Current Portion [Member] | Five year Revolving Credit Agreement
Debt Instrument [Line Items]
Long-term Line of Credit	$ 104.0	$ 155.8

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Financing Obligations (Capital Leases) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 25, 2010	Dec. 29, 2007	Dec. 31, 2016	Dec. 26, 2015
Sale Leaseback Transaction [Line Items]
Costs related to new facility and equipment		$ 24.0
Capital Lease Obligations [Abstract]
Gross payments			$ 9.4	$ 12.2
Less imputed interest			1.0	1.6
Total capital lease obligation			8.4	10.6
Less current maturity			1.8	1.8
Capital lease obligation - long-term portion			$ 6.6	$ 8.8
Belgium Lease 1 [Member]
Sale Leaseback Transaction [Line Items]
Capital lease term		10 years
Lease interest rate		5.10%
Belgium Lease 2 [Member]
Sale Leaseback Transaction [Line Items]
Capital lease term		15 years
Lease interest rate		5.10%
Belgium Lease 3 [Member]
Sale Leaseback Transaction [Line Items]
Capital lease term	10 years
Lease interest rate	2.90%
Initial value of lease	$ 3.8

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Derivative Financial Instruments (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives used in hedging transactions, net of tax	$ 0.6	$ (3.5)	$ 5.6
Net cash impact from hedging activity	(2.7)	(17.0)	4.6
Net accrued gain/(loss) on outstanding derivative instruments	9.4	6.9	4.7
Fair value hedging relationships
Derivative Instruments, Gain (Loss) [Line Items]
Pretax gain from forward points on fair value hedges	$ 15.7	14.1	10.3
Cash flow hedging relationships | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Cash flow hedge contract period, minimum	1 month
Cash flow hedge contract period, maximum	15 months
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	12 months
Deferred gain/(loss) on cash flow hedges	$ 4.9	4.3	7.8
Gain (loss) on derivatives used in hedging transactions, net of tax	0.6	(3.5)	5.6
Net equity hedging relationships
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivatives used in hedging transactions, net of tax	$ 28.6	$ 54.6	$ 25.5

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Derivative Financial Instruments (Outstanding Derivative Financial Instruments at Fair Value) (Details) - Forward Contracts [Member] - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 116.7	$ 141.9
Derivative Liability, Notional Amount	109.6	$ 137.4
United States of America, Dollars | Buy
Derivative [Line Items]
Derivative Asset, Notional Amount	60.5
Euro | Buy
Derivative [Line Items]
Derivative Asset, Notional Amount	46.9
Mexican peso | Sell
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 32.6

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Derivative Financial Instruments (Company's Derivative Positions and Their Impact on Financial Position) (Details) - Designated as Hedging Instrument [Member] - Foreign exchange contracts - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015
Non-trade amounts receivable
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 41.1	$ 21.5
Accrued liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	$ 31.7	$ 14.6

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Derivative Financial Instruments (Company's Derivative Positions and Their Impact on Company's Operations) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Fair value hedging relationships | Other expense | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives	$ (41.8)	$ (83.6)	$ (36.6)
Amount of gain or (loss) recognized in income on related hedged items	42.1	83.8	35.0
Cash flow hedging relationships | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in OCI on derivatives (effective portion)	6.7	14.5	15.9
Cash flow hedging relationships | Interest expense | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amounts excluded from effectiveness testing)	(5.6)	(7.7)	(4.9)
Cash flow hedging relationships | Cost of products sold | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)	5.7	19.2	9.1
Net equity hedging relationships | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in OCI on derivatives (effective portion)	41.0	74.2	38.8
Net equity hedging relationships | Euro Denominated Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in OCI on derivatives (effective portion)	3.7	11.1	1.1
Net equity hedging relationships | Other expense | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)	0.0	0.0	0.0
Net equity hedging relationships | Interest expense | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amounts excluded from effectiveness testing)	$ (20.8)	$ (16.8)	$ (13.3)

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Fair Value Measurements (Fair Value of Financial Instruments) (Details) - Fixed rate Senior Notes due 2021 - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015	Jun. 02, 2011
Fair Value of Financial Instruments [Line Items]
Stated interest rate			4.75%
Long-term Debt	$ 599.4	$ 599.3
Significant Other Observable Inputs (Level 2)
Fair Value of Financial Instruments [Line Items]
Long-term Debt, Fair Value	$ 640.8

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Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance	$ (522.0)	$ (408.7)	$ (316.8)
Other comprehensive income (loss) before reclassifications	(49.7)	(102.1)	(87.4)
Amounts reclassified from accumulated other comprehensive loss	0.2	(11.2)	(4.5)
Net other comprehensive income (loss)	(49.5)	(113.3)	(91.9)
Ending balance	(571.5)	(522.0)	(408.7)
Amounts reclassified from accumulated other comprehensive loss, cash flow hedges, before tax	5.7	19.2	9.1
Amounts reclassified from accumulated other comprehensive loss, cash flow hedges, tax	(1.4)	(4.4)	(2.0)
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, prior service benefit, before tax	(1.2)	(1.3)	(0.8)
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, pension settlement costs, before tax	3.9	1.6	1.8
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, actuarial losses, before tax	2.6	4.5	2.6
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, tax	0.8	1.2	1.0
Foreign Currency Items
Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance	(490.6)	(368.3)	(283.1)
Other comprehensive income (loss) before reclassifications	(53.7)	(122.3)	(85.2)
Amounts reclassified from accumulated other comprehensive loss	0.0	0.0	0.0
Net other comprehensive income (loss)	(53.7)	(122.3)	(85.2)
Ending balance	(544.3)	(490.6)	(368.3)
Cash Flow Hedges
Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance	4.3	7.8	2.2
Other comprehensive income (loss) before reclassifications	4.9	11.3	12.7
Amounts reclassified from accumulated other comprehensive loss	(4.3)	(14.8)	(7.1)
Net other comprehensive income (loss)	0.6	(3.5)	5.6
Ending balance	4.9	4.3	7.8
Pension and Other Post-retirement Items
Accumulated Other Comprehensive Loss [Roll Forward]
Beginning balance	(35.7)	(48.2)	(35.9)
Other comprehensive income (loss) before reclassifications	(0.9)	8.9	(14.9)
Amounts reclassified from accumulated other comprehensive loss	4.5	3.6	2.6
Net other comprehensive income (loss)	3.6	12.5	(12.3)
Ending balance	$ (32.1)	$ (35.7)	$ (48.2)

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Statements of Cash Flows Supplemental Disclosure (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 26, 2015	Mar. 29, 2014	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Other Significant Noncash Transactions [Line Items]
Shares paid for tax withholding for share based compensation, shares			30,703	22,344	102,405
Shares paid for tax withholding for share based compensation, value			$ 1,700,000	$ 1,500,000	$ 8,000,000
Capital lease obligations incurred			$ 0	$ 0	$ 0
Corporate Joint Venture [Member]
Other Significant Noncash Transactions [Line Items]
Equity Method Investment, Ownership Percentage			50.00%
Contribution of Property	$ 800,000	$ 3,100,000

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Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Domestic and foreign components of income (loss) before taxes [Abstract]
Domestic	$ (44.8)	$ (67.5)	$ (35.5)
Foreign	346.1	327.4	333.7
Income before income taxes	301.3	259.9	298.2
Current:
Federal	(23.8)	(22.8)	11.5
Foreign	114.1	92.6	114.8
State	1.4	(0.8)	1.5
Current provision (benefit) for income taxes	91.7	69.0	127.8
Deferred:
Federal	(14.7)	(13.8)	(40.6)
Foreign	0.2	18.2	(1.9)
State	0.5	0.7	(1.5)
Deferred provision (benefit) for income taxes	(14.0)	5.1	(44.0)
Provision for income taxes	77.7	74.1	83.8
Reconciliation between provision for income taxes and income taxes computed using U.S. federal statutory rate [Abstract]
Amount computed using statutory rate	105.5	91.0	104.4
Increase (reduction) in taxes resulting from:
Net impact from repatriating foreign earnings and direct foreign tax credits	(16.3)	(7.9)	(17.7)
Foreign income taxes	(7.5)	(4.6)	(20.6)
Impact of non-deductible currency translation losses	0.0	3.1	19.0
Impact of changes in U.S. tax legislation	(2.7)	0.0	0.0
Other changes in valuation allowances for deferred tax assets	(0.1)	(0.4)	(0.5)
Foreign and domestic tax audit settlement and adjustments	0.0	(2.4)	0.0
Other	(1.2)	(4.7)	(0.8)
Total	77.7	74.1	83.8
Gross deferred tax liabilities [Abstract]
Purchased intangibles	(21.7)	(26.6)
Other	(14.1)	(9.2)
Deferred Tax Liabilities, Gross	35.8	35.8
Gross deferred tax assets [Abstract]
Credit and net operating loss carry forwards (net of unrecognized tax benefits)	301.2	293.6
Employee benefits accruals	63.1	63.2
Deferred costs	92.2	80.7
Fixed assets basis differences	22.4	33.6
Capitalized intangibles	34.2	32.7
Other accruals	32.1	27.8
Accounts receivable	11.3	10.5
Post-retirement benefits	7.1	7.5
Depreciation	13.4	7.2
Inventory	6.4	10.0
Deferred Tax Assets, Gross	583.4	566.8
Valuation allowances	(24.8)	(23.1)
Net deferred tax assets	522.8	507.9
Operating loss carryforwards subject to expiration	304.2
Income taxes paid, net	108.3	106.4	117.0
Net benefit of tax holiday	1.3	2.6	3.4
Reconciliation of unrecognized tax benefits [Roll Forward]
Unrecognized tax benefits beginning balance	21.8	22.5	27.4
Additions based on tax positions related to the current year	2.7	3.3	3.9
Additions for tax positions of prior year	1.2	3.4	1.2
Reduction for tax positions of prior years	(1.2)	(1.6)	(3.1)
Settlements	0.0	(1.1)	(1.9)
Reductions for lapse in statute of limitations	(3.1)	(3.2)	(3.7)
Impact of foreign currency rate changes versus the U.S. dollar	(0.7)	(1.5)	(1.3)
Unrecognized tax benefits ending balance	20.7	21.8	22.5
Unrecognized tax benefits that would impact effective tax rate	19.2
Accrued interest and penalties	7.1	6.0
Interest and penalties provision (benefit)	1.1	0.0	0.9
Estimated maximum decrease in uncertain tax positions accrual due to settlements in the next twelve months	2.0
Undistributed earnings of international subsidiaries	1,200.0
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation	1.7
Benefits for deductions associated with the exercise of employee stock options recorded in paid-in capital		6.0	6.3
State [Member]
Gross deferred tax assets [Abstract]
Valuation allowances	(3.7)
Operating loss carryforwards	161.0
Foreign [Member]
Gross deferred tax assets [Abstract]
Valuation allowances	(21.1)
Operating loss carryforwards	213.8
Cash benefits related to operating loss carryforward	1.4
Tax credit carryforwards	215.0	218.6
Deferred costs assets related to advanced payment agreements	$ 92.8
Deferred assets, period of reversal	3 years
Deferred costs assets related to advanced transaction agreements	$ (11.5)
Foreign [Member] | Expiring in 2026 [Member]
Gross deferred tax assets [Abstract]
Operating loss carryforwards subject to expiration	25.2
Foreign [Member] | Expiring in 2016 [Member]
Gross deferred tax assets [Abstract]
Operating loss carryforwards subject to expiration	0.0
Federal [Member]
Gross deferred tax assets [Abstract]
Operating loss carryforwards	18.0
Increase (decrease) to federal foreign tax credit carryforwards, net of offsetting tax reserves	7.6
Deferred Tax Asset [Member] | State [Member]
Gross deferred tax assets [Abstract]
Operating loss carryforwards	6.0
Deferred Tax Asset [Member] | Foreign [Member]
Gross deferred tax assets [Abstract]
Operating loss carryforwards	62.2
Deferred Tax Asset [Member] | Federal [Member]
Gross deferred tax assets [Abstract]
Operating loss carryforwards	6.4
Deferred Tax Asset [Member] | Federal [Member] | Expiring in 2020-2035 [Member]
Gross deferred tax assets [Abstract]
Operating loss carryforwards subject to expiration	6.4
Paid-In Capital
Reconciliation of unrecognized tax benefits [Roll Forward]
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation	$ 1.7
Benefits for deductions associated with the exercise of employee stock options recorded in paid-in capital		$ 6.0	$ 6.3

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Retirement Benefit Plans (Net Funded Status and Amounts Recognized in Balance Sheet) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated other comprehensive loss (pretax)	$ 44.4	$ 47.6
Accrued benefit liabilty	(142.5)	(148.7)
Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	196.9	185.3
Fair value of plan assets	93.7	83.7
Pension Benefits [Member]
Change in Benefit Obligation [Roll Forward]
Service cost	11.8	10.8	$ 10.8
Interest cost	6.7	6.9	8.6
Change in Fair Value of Plan Assets [Roll Forward]
Beginning balance	112.1
Ending balance	103.9	112.1
Accumulated Other Comprehensive Income (Loss) [Abstract]
Unrecognized transition obligation	2.2	2.1
Unrecognized prior service cost (benefit)	1.1	1.2
Unreocognized net actuarial loss	47.4	51.7
Accumulated other comprehensive loss (pretax)	50.7	55.0
Accumulated benefit obligation	205.7	211.1
U.S. Pension Benefits [Member]
Change in Benefit Obligation [Roll Forward]
Beginning balance, benefit obligations	59.2	67.6
Service cost	0.3	0.3
Interest cost	2.2	2.3
Actuarial (gain) loss	(2.9)	(8.6)
Benefits paid	(0.9)	(2.2)
Impact of exchange rates	0.0	0.0
Plan participant contributions	0.0	0.0
Settlements/Curtailments	(8.1)	(0.2)
Ending balance, benefit obligations	49.8	59.2	67.6
Change in Fair Value of Plan Assets [Roll Forward]
Beginning balance	33.9	35.5
Actual return on plan assets	2.8	0.3
Company contributions	0.0	0.8
Plan participant contributions	0.0	0.0
Benefits and expenses paid	(1.6)	(2.5)
Impact of exchange rates	0.0	0.0
Settlements	(8.1)	(0.2)
Ending balance	27.0	33.9	35.5
Funded status of plan	(22.8)	(25.3)
Foreign Pension Benefits [Member]
Change in Benefit Obligation [Roll Forward]
Beginning balance, benefit obligations	183.3	197.7
Service cost	11.3	10.3
Interest cost	4.5	4.5
Actuarial (gain) loss	7.3	(0.6)
Benefits paid	(7.8)	(11.1)
Impact of exchange rates	(11.0)	(16.8)
Plan participant contributions	0.8	4.2
Settlements/Curtailments	(8.8)	(4.9)
Ending balance, benefit obligations	179.6	183.3	197.7
Change in Fair Value of Plan Assets [Roll Forward]
Beginning balance	78.2	79.3
Actual return on plan assets	2.2	3.1
Company contributions	14.2	12.1
Plan participant contributions	0.8	4.2
Benefits and expenses paid	(7.8)	(11.1)
Impact of exchange rates	(1.9)	(4.6)
Settlements	(8.8)	(4.8)
Ending balance	76.9	78.2	79.3
Funded status of plan	(102.7)	(105.1)
Postretirement Benefits [Member]
Change in Benefit Obligation [Roll Forward]
Service cost	0.1	0.1	0.1
Interest cost	0.7	0.7	1.1
Accumulated Other Comprehensive Income (Loss) [Abstract]
Unrecognized transition obligation	0.0	0.0
Unrecognized prior service cost (benefit)	(7.3)	(8.7)
Unreocognized net actuarial loss	1.0	1.3
Accumulated other comprehensive loss (pretax)	(6.3)	(7.4)
U.S. Postretirement Benefit [Member]
Change in Benefit Obligation [Roll Forward]
Beginning balance, benefit obligations	18.3	20.4
Service cost	0.1	0.1
Interest cost	0.7	0.7
Actuarial (gain) loss	(0.2)	(1.0)
Benefits paid	(1.9)	(1.8)
Impact of exchange rates	0.0	(0.1)
Plan participant contributions	0.0	0.0
Settlements/Curtailments	0.0	0.0
Ending balance, benefit obligations	17.0	18.3	20.4
Change in Fair Value of Plan Assets [Roll Forward]
Beginning balance	0.0	0.0
Actual return on plan assets	0.0	0.0
Company contributions	1.9	1.8
Plan participant contributions	0.0	0.0
Benefits and expenses paid	(1.9)	(1.8)
Impact of exchange rates	0.0	0.0
Settlements	0.0	0.0
Ending balance	0.0	0.0	$ 0.0
Funded status of plan	$ (17.0)	$ (18.3)

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Retirement Benefit Plans (Components of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015
Pension and Postretirement Expenses to be Recognized in Next Fiscal Year [Abstract]
Expected recognition of prior service benefit	$ 1.4
Expected recognition of net acturial loss	2.1
Pension Benefits [Member]
Other Comprehensive Income (Loss) [Abstract]
Net prior service cost (benefit)	0.0	$ (0.1)
Net actuarial (gain)	(12.3)	(13.2)
Impact of exchange rates	8.0	(5.6)
Other comprehensive (income) loss	(4.3)	(18.9)
Postretirement Benefits [Member]
Other Comprehensive Income (Loss) [Abstract]
Net prior service cost (benefit)	1.3	1.9
Net actuarial (gain)	(0.2)	(1.6)
Impact of exchange rates	0.0	0.0
Other comprehensive (income) loss	$ 1.1	$ 0.3

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Retirement Benefit Plans (Net Periodic Benefit Cost and Weighted Average Assumptions) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Pension Benefits [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost and expenses	$ 11.8	$ 10.8	$ 10.8
Interest cost	6.7	6.9	8.6
Return on plan assets	(5.3)	(5.3)	(5.8)
Settlement/Curtailment	3.9	1.7	1.8
Employee contributions	(0.2)	(0.2)	(0.3)
Net deferral	2.7	4.5	2.7
Net periodic benefit cost (income)	19.6	18.4	$ 17.8
U.S. Pension Benefits [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost and expenses	0.3	0.3
Interest cost	$ 2.2	$ 2.3
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate, net periodic benefit cost	3.90%	3.60%	3.90%
Expected return on plan assets	8.30%	8.30%	8.30%
Salary growth rate, net periodic benefit cost	0.00%	3.00%	3.00%
Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate, benefit obligations	3.70%	3.90%	3.50%
Salary growth rate, benefit obligations	0.00%	0.00%	3.00%
Foreign Pension Benefits [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost and expenses	$ 11.3	$ 10.3
Interest cost	$ 4.5	$ 4.5
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Expected return on plan assets	3.20%	3.40%	3.80%
Salary growth rate, net periodic benefit cost	2.90%	3.10%	3.20%
Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate, benefit obligations	2.30%	2.40%	2.60%
Postretirement Benefits [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost and expenses	$ 0.1	$ 0.1	$ 0.1
Interest cost	0.7	0.7	1.1
Return on plan assets	0.0	0.0	0.0
Settlement/Curtailment	0.0	0.0	0.0
Employee contributions	0.0	0.0	0.0
Net deferral	(1.3)	(1.3)	(0.6)
Net periodic benefit cost (income)	(0.5)	(0.5)	$ 0.6
U.S. Postretirement Benefit [Member]
Defined Benefit Plan, Net Periodic Benefit Cost [Abstract]
Service cost and expenses	0.1	0.1
Interest cost	$ 0.7	$ 0.7
Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate, net periodic benefit cost	4.00%	3.80%	4.50%
Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate, benefit obligations	4.00%	4.00%	3.80%

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Retirement Benefit Plans (Weighted-Average Asset Allocations) (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
U.S. Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	8.30%	8.30%	8.30%
Weighted-average asset allocations	100.00%	100.00%
U.S. Pension Benefits [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	62.00%	63.00%
U.S. Pension Benefits [Member] | Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	38.00%	37.00%
U.S. Pension Benefits [Member] | Cash and Money Market Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	0.00%	0.00%
U.S. Pension Benefits [Member] | Guaranteed Contracts [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	0.00%	0.00%
U.S. Pension Benefits [Member] | Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	0.00%	0.00%
Foreign Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets	3.20%	3.40%	3.80%
Weighted-average asset allocations	100.00%	100.00%
Foreign Pension Benefits [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	27.00%	27.00%
Foreign Pension Benefits [Member] | Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	16.00%	16.00%
Foreign Pension Benefits [Member] | Cash and Money Market Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	6.00%	6.00%
Foreign Pension Benefits [Member] | Guaranteed Contracts [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	50.00%	50.00%
Foreign Pension Benefits [Member] | Other [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	1.00%	1.00%

XML

Retirement Benefit Plans Fair Value of Pension Plan Assets (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		$ 103.9	$ 112.1
U.S. Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets		8.30%	8.30%	8.30%
Fair value of plan assets		$ 27.0	$ 33.9	$ 35.5
Weighted-average asset allocations		100.00%	100.00%
Discount rate, benefit obligations		3.70%	3.90%	3.50%
U.S. Pension Benefits [Member] | United States Small Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		20.00%	20.00%
U.S. Pension Benefits [Member] | International Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		10.00%	10.00%
U.S. Pension Benefits [Member] | United States Large Stocks [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		32.00%	33.00%
U.S. Pension Benefits [Member] | Common/Collective Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	$ 27.0	$ 33.9
U.S. Pension Benefits [Member] | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		40.00%	40.00%
U.S. Pension Benefits [Member] | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		0.00%	0.00%
U.S. Pension Benefits [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		60.00%	60.00%
Weighted-average asset allocations		62.00%	63.00%
U.S. Pension Benefits [Member] | Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		38.00%	37.00%
Foreign Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected return on plan assets		3.20%	3.40%	3.80%
Fair value of plan assets		$ 76.9	$ 78.2	$ 79.3
Weighted-average asset allocations		100.00%	100.00%
Discount rate, benefit obligations		2.30%	2.40%	2.60%
Foreign Pension Benefits [Member] | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		50.00%	50.00%
Foreign Pension Benefits [Member] | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		27.00%	27.00%
Foreign Pension Benefits [Member] | Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		16.00%	16.00%
Foreign Pension Benefits [Member] | Australia | Investment Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	$ 2.6	$ 2.3
Minimum long-term net return above inflation		4.00%	4.00%
Foreign Pension Benefits [Member] | Australia | Equity Securities, Australian Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		31.00%	29.00%
Foreign Pension Benefits [Member] | Australia | Equity Securities, Companies Outside of Australia [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		41.00%	42.00%
Foreign Pension Benefits [Member] | Australia | Real Estate [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		9.00%	10.00%
Foreign Pension Benefits [Member] | Australia | Government and Corporate Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		12.00%	12.00%
Foreign Pension Benefits [Member] | Australia | Cash [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		7.00%	7.00%
Foreign Pension Benefits [Member] | Switzerland | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	$ 28.5	$ 30.9
Foreign Pension Benefits [Member] | Germany | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	$ 5.0	$ 5.0
Foreign Pension Benefits [Member] | Belgium | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		38.00%	38.00%
Foreign Pension Benefits [Member] | Belgium | Mutual Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[4]	$ 21.8	$ 21.8
Foreign Pension Benefits [Member] | Belgium | Equity Securities, Large-cap European Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		27.00%	24.00%
Foreign Pension Benefits [Member] | Belgium | Equity Securities, Small-cap European Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		17.00%	19.00%
Foreign Pension Benefits [Member] | Belgium | U.S. and Emerging Markets Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		7.00%	8.00%
Foreign Pension Benefits [Member] | Belgium | European and U.S. Government Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		32.00%	31.00%
Foreign Pension Benefits [Member] | Belgium | Money Market Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		17.00%	18.00%
Foreign Pension Benefits [Member] | Belgium | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		62.00%	62.00%
Foreign Pension Benefits [Member] | Austria | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	$ 0.4	$ 0.4
Foreign Pension Benefits [Member] | Korea | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	4.0	2.4
Foreign Pension Benefits [Member] | Japan | Common/Collective Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[5]	$ 10.9	$ 11.1
Weighted-average asset allocations		100.00%
Foreign Pension Benefits [Member] | Japan | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		3.00%
Weighted-average asset allocations		3.00%	3.00%
Foreign Pension Benefits [Member] | Japan | Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		50.00%
Foreign Pension Benefits [Member] | Japan | Government and Corporate Bonds [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations		50.00%	40.00%
Foreign Pension Benefits [Member] | Japan | Other Long-term Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		47.00%
Foreign Pension Benefits [Member] | Japan | Short-term Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		53.00%
Foreign Pension Benefits [Member] | Japan | Equity Securities, Japanese Companies [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		40.00%
Weighted-average asset allocations		40.00%	50.00%
Foreign Pension Benefits [Member] | Japan | Equity Securities, Companies Outside of Japan [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		7.00%
Weighted-average asset allocations		7.00%	7.00%
Foreign Pension Benefits [Member] | Philippines | Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		5.00%
Foreign Pension Benefits [Member] | Philippines | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[6]	$ 1.4	$ 1.4
Target plan asset allocations		38.00%
Foreign Pension Benefits [Member] | Philippines | Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target plan asset allocations		57.00%
Foreign Pension Benefits [Member] | Philippines | Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[6]	$ 2.3	2.9
Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		25.5	26.1
Quoted Prices in Active Markets for Identical Assets (Level 1) | U.S. Pension Benefits [Member] | Common/Collective Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Australia | Investment Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Switzerland | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Germany | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Belgium | Mutual Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[4]	21.8	21.8
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Austria | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Korea | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Japan | Common/Collective Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[5]	0.0	0.0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Philippines | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[6]	1.4	1.4
Quoted Prices in Active Markets for Identical Assets (Level 1) | Foreign Pension Benefits [Member] | Philippines | Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[6]	2.3	2.9
Significant Other Observable Inputs (Level 2) | Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		40.5	47.3
Significant Other Observable Inputs (Level 2) | U.S. Pension Benefits [Member] | Common/Collective Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	27.0	33.9
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Australia | Investment Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	2.6	2.3
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Switzerland | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.0	0.0
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Germany | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.0	0.0
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Belgium | Mutual Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[4]	0.0	0.0
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Austria | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.0	0.0
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Korea | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.0	0.0
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Japan | Common/Collective Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[5]	10.9	11.1
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Philippines | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[6]	0.0	0.0
Significant Other Observable Inputs (Level 2) | Foreign Pension Benefits [Member] | Philippines | Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[6]	0.0	0.0
Significant Unobservable Inputs (Level 3) | Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets		37.9	38.7	$ 36.7
Significant Unobservable Inputs (Level 3) | U.S. Pension Benefits [Member] | Common/Collective Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[1]	0.0	0.0
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Australia | Investment Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[2]	0.0	0.0
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Switzerland | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	28.5	30.9
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Germany | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	5.0	5.0
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Belgium | Mutual Fund [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[4]	0.0	0.0
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Austria | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	0.4	0.4
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Korea | Guaranteed Insurance Contract [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[3]	4.0	2.4
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Japan | Common/Collective Trust [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[5]	0.0	0.0
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Philippines | Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[6]	0.0	0.0
Significant Unobservable Inputs (Level 3) | Foreign Pension Benefits [Member] | Philippines | Equity Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	[6]	$ 0.0	$ 0.0

[1] The investment strategy of the U.S. pension plan for each period presented was to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 60 percent in equity securities and 40 percent in fixed income securities. As of the years ended December 31, 2016 and December 26, 2015, the common trusts held 62 percent and 63 percent of its assets in equity securities and 38 percent and 37 percent in fixed income securities, respectively. The percentage of funds invested in equity securities at the end of 2016 and 2015, included: 10 percent in international stocks, 20 percent in small U.S. stocks in each year, and 32 percent and 33 percent in large U.S. stocks, respectively. The common trusts are comprised of shares or units in commingled funds that are not publicly traded. The underlying assets in these funds (equity securities and fixed income securities) are valued using quoted market prices.

[2] For each period presented, the strategy of this fund is to achieve a long-term net return of at least 4 percent above inflation based on the Australian consumer price index over a rolling five-year period. The investment strategy is to invest mainly in equities and property, which are expected to earn relatively higher returns over the long term. The fair value of the fund is determined using the net asset value per share using quoted market prices or other observable inputs in active markets. As of December 31, 2016 and December 26, 2015, the percentage of funds held in investments included: Australian equities of 31 percent and 29 percent, other equities of listed companies outside of Australia of 41 percent and 42 percent, real estate of 9 percent and 10 percent, respectively, and government and corporate bonds of 12 percent and cash of 7 percent in each year.

[3] The strategy of the Company's plans in Austria, Germany, Korea and Switzerland is to seek to ensure the future benefit payments of their participants and manage market risk. This is achieved by funding the pension obligations through guaranteed insurance contracts. The plan assets operate similar to investment contracts whereby the interest rate, as well as the surrender value, is guaranteed. The fair value is determined as the contract value, using a guaranteed rate of return which will increase if the market performance exceeds that return.

[4] The strategy of the Belgian plan in each period presented is to seek to achieve a return greater than or equal to the return that would have been earned by a portfolio invested approximately 62 percent in equity securities and 38 percent in fixed income securities. The fair value of the fund is calculated using the net asset value per share as determined by the quoted market prices of the underlying investments. As of December 31, 2016 and December 26, 2015, the percentage of funds held in various asset classes included: large-cap equities of European companies of 27 percent and 24 percent, small-cap equities of European companies of 17 percent and 19 percent, bonds, primarily from European and U.S. governments, of 32 percent and 31 percent, and money market fund of 17 percent and 18 percent, and equities outside of Europe, mainly in the U.S. and emerging markets, 7 percent and 8 percent, respectively.

[5] The Company's strategy is to invest approximately 47 percent of assets to benefit from the higher expected returns from long-term investments in equities and to invest 53 percent of assets in short-term low investment risk instruments to fund near term benefits payments. The target allocation for plan assets to implement this strategy is 40 percent equities in Japanese listed securities, 7 percent in equities outside of Japan, 3 percent in cash and other short-term investments and 50 percent in domestic Japanese bonds. This strategy has been achieved through a collective trust that held 100 percent of total funded assets as of December 31, 2016 and December 26, 2015. As of the end of December 31, 2016 and December 26, 2015, the allocation of funds within the common collective trust included: 40 percent and 50 percent in Japanese equities, 50 percent and 40 percent in Japanese bonds, respectively, and 7 percent in equities of companies based outside of Japan and 3 percent in cash and other short term investments in each year. The fair value of the collective trust is determined by the market value of the underlying shares, which are traded in active markets.

[6] In both years, the investment strategy in the Philippines was to achieve an appropriate balance between risk and return, from a diversified portfolio of Philippine peso denominated bonds and equities. The target asset class allocations is 57 percent in equity securities, 38 percent fixed income securities and 5 percent in cash and deposits. The fixed income securities at year end included assets valued using a weighted average of completed deals on similarly termed government securities, as well as balances invested in short term deposit accounts. The equity index fund was valued at the closing price of the active market in which it was traded.

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Retirement Benefit Plans (Reconciliation of Fair Value Measurements) (Details) - Pension Benefits [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015
Reconciliation of Beginning and Ending Balances of Fair Value Measurements Using Significant Unobservable Inputs (Level 3) [Roll Forward]
Beginning balance	$ 112.1
Ending balance	103.9	$ 112.1
Significant Unobservable Inputs (Level 3)
Reconciliation of Beginning and Ending Balances of Fair Value Measurements Using Significant Unobservable Inputs (Level 3) [Roll Forward]
Beginning balance	38.7	36.7
Realized gains	0.9	0.7
Purchases, sales and settlements, net	(0.4)	2.5
Impact of exchange rates	(1.3)	(1.2)
Ending balance	$ 37.9	$ 38.7

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Retirement Benefit Plans (Expected Future Payments) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Defined Benefit Plan Disclosure [Line Items]
Cost of savings, thrift and profit-sharing plans	$ 6.1	$ 7.4	$ 8.7
Estimated Future Benefit Payments [Abstract]
2017, Benefit plans	15.0
2018, Benefit plans	17.6
2019, Benefit plans	24.3
2020, Benefit plans	13.2
2021, Benefit plans	13.6
2022-2026, Benefit plans	72.4
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions in next fiscal year	10.4
Estimated Future Benefit Payments [Abstract]
2017, Benefit plans	13.2
2018, Benefit plans	15.9
2019, Benefit plans	22.7
2020, Benefit plans	11.7
2021, Benefit plans	12.2
2022-2026, Benefit plans	66.6
Postretirement Benefits [Member]
Estimated Future Benefit Payments [Abstract]
2017, Benefit plans	1.8
2018, Benefit plans	1.7
2019, Benefit plans	1.6
2020, Benefit plans	1.5
2021, Benefit plans	1.4
2022-2026, Benefit plans	5.8
U.S. Postretirement Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Estimated contributions in next fiscal year	$ 1.8

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Incentive Compensation Plans (Details) - USD ($) $ in Millions	12 Months Ended			116 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014	Dec. 31, 2016	May 24, 2016
Compensation Expense [Abstract]
Compensation expense	$ 20.0	$ 20.0	$ 18.9
Tax benefit from compensation expense	7.2	$ 7.2	$ 6.8
Unrecognized stock based compensation expense	$ 27.4			$ 27.4
Unrecognized stock based compensation expense, period of recognition (in months)	24 months
Repurchase of Stock [Abstract]
Stock repurchase program, authorized amount	$ 2,000.0			$ 2,000.0
Repurchase of common stock, shares	0	0	1,200,000	21,300,000
Repurchase of common stock, value	$ 0.0	$ 0.0	$ 84.3	$ 1,290.0
Incentive Plan 2010 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant	4,050,366			4,050,366	3,500,000
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	3 years
Restricted Stock, Restricted Stock Units, Performance Vested and Market Vested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding	602,940	550,467		602,940
Fair value of restricted stock, restricted stock units, performance vested and market vested awards vested	$ 12.4	$ 20.9	$ 26.8
Restricted Stock, Restricted Stock Units, Performance Vested and Market Vested Awards [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	1 year
Restricted Stock, Restricted Stock Units, Performance Vested and Market Vested Awards [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	3 years
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	3 years
Repurchase of Stock [Abstract]
Expected life (in years)	7 years	7 years	7 years
Cash Settled Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested shares outstanding	18,174	27,582	23,986	18,174
Fair value of restricted stock, restricted stock units, performance vested and market vested awards vested	$ 1.0	$ 1.5	$ 1.5
Compensation Expense [Abstract]
Cash performance expense expense	$ 18.7	$ 21.5	$ 13.2

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Incentive Compensation Plans (Stock Options) (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 5.2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 5.2
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding shares subject to option, at beginning of period	2,100,478
Outstanding weighted average exercise price per share, at beginning of period	$ 56.92
Outstanding shares subject to option, granted	666,848
Outstanding weighted average exercise price per share, granted	$ 58.90
Outstanding shares subject to option, exercised	(32,242)
Outstanding weighted average exercise price per share, exercised	$ 24.54
Outstanding shares subject to option, at end of period	2,722,965	2,100,478
Outstanding weighted average exercise price per share, at end of period	$ 57.78	$ 56.92
Exercisable shares subject to option exercisable at end of period, at end of period	1,601,018
Exercisable weighted average exercise price per share, at end of period	$ 57.37
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Total intrinsic value of options exercised	$ 1.2	$ 20.8	$ 20.4
Average remaining contractual life for outstanding options (in years)	7 years
Average remaining contractual life of exercisable options (in years)	5 years 4 months 24 days
Weighted average estimated grant date fair value	$ 10.67	$ 13.13	$ 19.17
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	3 years
Term options expire from grant date (in years)	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Dividend yield	4.70%	4.30%	3.30%
Expected volatility	30.00%	36.00%	40.00%
Risk-free interest rate	2.10%	2.10%	2.10%
Expected life (in years)	7 years	7 years	7 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding shares subject to option, expired/forfeited	(12,119)
Outstanding weighted average exercise price per share, expired/forfeited	$ 59.79

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Incentive Compensation Plans (Performance Awards, Restricted Stock and Restricted Stock Units) (Details) $ / shares in Units, $ in Millions	12 Months Ended			116 Months Ended
	Dec. 31, 2016 USD ($) Plans $ / shares shares	Dec. 26, 2015 USD ($) $ / shares shares	Dec. 27, 2014 USD ($) $ / shares shares	Dec. 31, 2016 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, authorized amount | $	$ 2,000.0			$ 2,000.0
Repurchase of common stock, shares	0	0	1,200,000	21,300,000
Repurchase of common stock, value | $	$ 0.0	$ 0.0	$ 84.3	$ 1,290.0
Restricted Stock, Restricted Stock Units, Performance Vested and Market Vested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock, restricted stock units, performance vested and market vested awards vested | $	$ 12.4	$ 20.9	$ 26.8
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Non-vested shares outstanding, beginning balance	550,467
Weighted average grant date fair value, beginning of period | $ / shares	$ 69.71
Weighted average grant date fair value, granted | $ / shares	$ 55.39	$ 61.89	$ 72.86
Shares outstanding, performance share adjustments	369
Weighted average grant date fair value, performance share adjustments | $ / shares	$ 58.50
Shares outstanding, vested	(221,583)
Weighted average grant date fair value, vested | $ / shares	$ 72.77
Shares outstanding, forfeited	(25,860)
Weighted average grant date fair value, forfeited | $ / shares	$ 70.37
Non-vested shares outstanding, ending balance	602,940	550,467		602,940
Weighted average grant date fair value, end of period | $ / shares	$ 61.28	$ 69.71		$ 61.28
Time Vested [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Shares outstanding, granted	180,207
Weighted average grant date fair value, granted | $ / shares	$ 59.06
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	3 years
Change in estimated number of shares expected to vest	369			369
Number of share based compensation plans | Plans	3
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Shares outstanding, granted	89,321
Weighted average grant date fair value, granted | $ / shares	$ 49.95
Market Vested [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Shares outstanding, granted	30,019
Weighted average grant date fair value, granted | $ / shares	$ 49.55	$ 64.21	$ 70.85
Cash Settled Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of restricted stock, restricted stock units, performance vested and market vested awards vested | $	$ 1.0	$ 1.5	$ 1.5
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Non-vested shares outstanding, beginning balance	27,582	23,986
Non-vested shares outstanding, ending balance	18,174	27,582	23,986	18,174
Minimum [Member] | Restricted Stock, Restricted Stock Units, Performance Vested and Market Vested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	1 year
Minimum [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum actual payout as percentage of shares initially granted	0.00%
Maximum [Member] | Restricted Stock, Restricted Stock Units, Performance Vested and Market Vested Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term awards become exercisable	3 years
Maximum [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum actual payout as percentage of shares initially granted	150.00%

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Segment Information (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2016	Sep. 24, 2016	Jun. 25, 2016	Mar. 26, 2016	Dec. 26, 2015	Sep. 26, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Segment Reporting Information [Line Items]
Net sales		$ 600.9	$ 521.8	$ 564.7	$ 525.7	$ 592.1	$ 521.0	$ 588.9	$ 581.8	$ 2,213.1	$ 2,283.8	$ 2,606.1
Segment profit										394.6	384.5	405.9
Unallocated expenses										(67.6)	(72.8)	(55.9)
Re-engineering and impairment charges	[1]									(7.6)	(20.3)	(11.0)
Gains on disposal of assets	[2]									27.3	13.7	2.7
Interest expense, net										(45.4)	(45.2)	(43.5)
Income before income taxes										301.3	259.9	298.2
Depreciation and amortization										57.5	62.4	63.7
Capital expenditures										61.6	61.1	69.4
Total identifiable assets		1,587.8				1,598.2				1,587.8	1,598.2	1,769.8
Land
Segment Reporting Information [Line Items]
Pretax gain from sale of property	[2]									26.5	12.9	1.3
United States [Member]
Segment Reporting Information [Line Items]
Net sales										204.2	209.4	210.4
Long-lived assets		88.7				86.6				88.7	86.6	88.7
Foreign Countries [Member]
Segment Reporting Information [Line Items]
Net investment in international operations		482.1				429.0				482.1	429.0
Mexico [Member]
Segment Reporting Information [Line Items]
Net sales										282.4	338.9	387.7
BRAZIL
Segment Reporting Information [Line Items]
Net sales										260.4	201.1	225.8
Beauty [Member]
Segment Reporting Information [Line Items]
Net sales										368.5	428.8	510.8
Europe [Member]
Segment Reporting Information [Line Items]
Net sales										559.4	612.9	740.6
Segment profit										65.3	92.4	117.5
Depreciation and amortization										15.9	17.3	20.5
Capital expenditures										15.6	18.2	18.9
Total identifiable assets		257.2				276.5				257.2	276.5	343.4
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net sales										748.6	771.0	839.6
Segment profit										181.0	175.9	191.7
Depreciation and amortization										14.5	14.9	12.8
Capital expenditures										12.0	12.3	19.3
Total identifiable assets		278.6				290.2				278.6	290.2	315.3
Tupperware North America [Member]
Segment Reporting Information [Line Items]
Net sales										358.3	353.7	349.9
Segment profit										69.7	67.4	68.3
Depreciation and amortization										10.2	10.5	9.6
Capital expenditures										9.1	9.2	11.8
Total identifiable assets		119.0				121.2				119.0	121.2	137.1
Beauty North America [Member]
Segment Reporting Information [Line Items]
Net sales										190.0	240.0	290.9
Segment profit										(3.6)	2.3	1.3
Depreciation and amortization										8.5	10.8	11.8
Capital expenditures										2.8	3.4	3.1
Total identifiable assets		214.7				254.0				214.7	254.0	317.0
South America [Member]
Segment Reporting Information [Line Items]
Net sales										356.8	306.2	385.1
Segment profit										82.2	46.5	27.1
Depreciation and amortization										3.3	4.1	4.2
Capital expenditures										12.4	8.9	12.6
Total identifiable assets		124.6				96.9				124.6	96.9	131.1
Corporate [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization										5.1	4.8	4.8
Capital expenditures										9.7	9.1	3.7
Total identifiable assets		$ 593.7				$ 559.4				$ 593.7	$ 559.4	$ 525.9
Sales Revenue, Net [Member] | Nutrimetics France [Member]
Segment Reporting Information [Line Items]
Percentage of Company sales										0.50%

[1] See Note 2 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

[2] Gains on disposal of assets in 2016, 2015 and 2014 include $26.5 million, $12.9 million and $1.3 million from transactions related to land near the Orlando, FL headquarters.

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Commitment and Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Commitments and Contingencies Disclosure [Abstract]
Operating leases rental expense	$ 33.3	$ 34.0	$ 38.0
Approximate minimum rental commitments under non-cancelable operating leases [Abstract]
2017	30.3
2018	23.4
2019	14.8
2020	8.6
2021	4.8
After 2021	$ 28.3
Automobiles [Member] | Minimum [Member]
Operating Leased Assets [Line Items]
Operating Lease Term	2 years
Automobiles [Member] | Maximum [Member]
Operating Leased Assets [Line Items]
Operating Lease Term	3 years

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Allowance for Long-Term Receivables (Details) $ in Millions	12 Months Ended
	Dec. 31, 2016 USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Long-term receivables past due	$ 10.6
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	11.2
Write-offs	(2.0)
Provision	2.0	[1]
Currency translation adjustment	(0.2)
Ending balance	11.0
Reclassifications from current receivables	$ 1.6

[1] Provision includes $1.6 million of reclassifications from current receivables.

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Guarantor Information (Consolidating Statement of Income) (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2016	Sep. 24, 2016	Jun. 25, 2016	Mar. 26, 2016	Dec. 26, 2015	Sep. 26, 2015	Jun. 27, 2015	Mar. 28, 2015	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Condensed Financial Statements, Captions [Line Items]
Net sales		$ 600.9	$ 521.8	$ 564.7	$ 525.7	$ 592.1	$ 521.0	$ 588.9	$ 581.8	$ 2,213.1	$ 2,283.8	$ 2,606.1
Other revenue										0.0	0.0	0.0
Cost of products sold										715.0	744.4	884.0
Gross margin		404.2	353.4	380.8	359.7	400.9	348.5	399.8	390.2	1,498.1	1,539.4	1,722.1
Delivery, sales and administrative expense										1,170.8	1,217.6	1,346.1
Re-engineering and impairment charges	[1]									7.6	20.3	11.0
Gains on disposal of assets	[2]									27.3	13.7	2.7
Operating income										347.0	315.2	367.7
Interest income										3.4	2.4	3.0
Interest expense										48.8	47.6	46.5
Income from equity investments in subsidiaries										0.0	0.0	0.0
Other (income) expense										0.3	10.1	26.0
Income before income taxes										301.3	259.9	298.2
Provision for income taxes										77.7	74.1	83.8
Net income		$ 79.0	$ 48.8	$ 52.4	$ 43.4	$ 58.1	$ 36.2	$ 62.0	$ 29.5	223.6	185.8	214.4
Total comprehensive income										$ 174.1	72.5	122.5
Guarantor [Member]
Condensed Financial Statements, Captions [Line Items]
Equity Method Investment, Ownership Percentage		100.00%								100.00%
Reportable Legal Entities [Member] | Parent [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales										$ 0.0	0.0	0.0
Other revenue										0.0	0.0	0.0
Cost of products sold										0.0	0.0	0.0
Gross margin										0.0	0.0	0.0
Delivery, sales and administrative expense										19.1	20.6	19.5
Re-engineering and impairment charges										0.0	0.0	0.0
Gains on disposal of assets										0.0	0.0	0.0
Operating income										(19.1)	(20.6)	(19.5)
Interest income										20.9	19.6	0.4
Interest expense										34.9	36.4	36.3
Income from equity investments in subsidiaries										242.3	208.1	250.3
Other (income) expense										0.1	0.0	0.0
Income before income taxes										209.1	170.7	194.9
Provision for income taxes										(14.5)	(15.1)	(19.5)
Net income										223.6	185.8	214.4
Total comprehensive income										174.1	72.5	122.5
Reportable Legal Entities [Member] | Guarantor [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales										0.0	0.0	0.0
Other revenue										126.9	123.9	138.5
Cost of products sold										29.4	31.6	25.9
Gross margin										97.5	92.3	112.6
Delivery, sales and administrative expense										78.1	78.6	67.1
Re-engineering and impairment charges										1.2	0.0	0.1
Gains on disposal of assets										0.0	0.0	0.0
Operating income										18.2	13.7	45.4
Interest income										1.8	22.5	28.9
Interest expense										51.5	37.7	20.7
Income from equity investments in subsidiaries										240.9	203.6	217.4
Other (income) expense										(33.6)	0.6	0.2
Income before income taxes										243.0	201.5	270.8
Provision for income taxes										5.1	(4.0)	20.8
Net income										237.9	205.5	250.0
Total comprehensive income										188.0	84.0	160.9
Reportable Legal Entities [Member] | Non-Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales										2,219.1	2,288.6	2,613.9
Other revenue										29.3	31.6	25.9
Cost of products sold										838.9	864.0	1,020.8
Gross margin										1,409.5	1,456.2	1,619.0
Delivery, sales and administrative expense										1,082.5	1,127.5	1,269.0
Re-engineering and impairment charges										6.4	20.3	10.9
Gains on disposal of assets										27.3	13.7	2.7
Operating income										347.9	322.1	341.8
Interest income										27.1	7.4	4.4
Interest expense										8.8	20.6	20.2
Income from equity investments in subsidiaries										0.0	0.0	0.0
Other (income) expense										33.8	9.5	25.8
Income before income taxes										332.4	299.4	300.2
Provision for income taxes										87.1	93.2	82.5
Net income										245.3	206.2	217.7
Total comprehensive income										163.8	104.0	166.4
Eliminations [Member]
Condensed Financial Statements, Captions [Line Items]
Net sales										(6.0)	(4.8)	(7.8)
Other revenue										(156.2)	(155.5)	(164.4)
Cost of products sold										(153.3)	(151.2)	(162.7)
Gross margin										(8.9)	(9.1)	(9.5)
Delivery, sales and administrative expense										(8.9)	(9.1)	(9.5)
Re-engineering and impairment charges										0.0	0.0	0.0
Gains on disposal of assets										0.0	0.0	0.0
Operating income										0.0	0.0	0.0
Interest income										(46.4)	(47.1)	(30.7)
Interest expense										(46.4)	(47.1)	(30.7)
Income from equity investments in subsidiaries										(483.2)	(411.7)	(467.7)
Other (income) expense										0.0	0.0	0.0
Income before income taxes										(483.2)	(411.7)	(467.7)
Provision for income taxes										0.0	0.0	0.0
Net income										(483.2)	(411.7)	(467.7)
Total comprehensive income										$ (351.8)	$ (188.0)	$ (327.3)

[1] See Note 2 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

[2] Gains on disposal of assets in 2016, 2015 and 2014 include $26.5 million, $12.9 million and $1.3 million from transactions related to land near the Orlando, FL headquarters.

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Guarantor Information (Condensed Consolidating Balance Sheet) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014	Dec. 28, 2013
ASSETS
Cash and cash equivalents	$ 93.2	$ 79.8	$ 77.0	$ 127.3
Accounts receivable, net	125.3	142.7
Inventories	240.4	254.6
Non-trade amounts receivable, net	64.9	45.5
Intercompany receivables	0.0	0.0
Prepaid expenses and other current assets	21.5	27.9
Total current assets	545.3	550.5
Deferred income tax benefits, net	539.7	524.9
Property, plant and equipment, net	259.8	253.6
Long-term receivables, net	13.2	13.2
Tradenames, net	67.3	82.7
Goodwill	132.6	146.3
Investments in subsidiaries	0.0	0.0
Intercompany notes receivable	0.0	0.0
Other assets, net	29.9	27.0
Total assets	1,587.8	1,598.2	1,769.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	117.7	126.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	105.9	162.5
Intercompany payables	0.0	0.0
Accrued liabilities	324.0	324.8
Total current liabilities	547.6	614.0
Long-term debt and capital lease obligations	606.0	608.2
Intercompany notes payable	0.0	0.0
Other liabilities	221.4	215.0
Total shareholders' equity	212.8	161.0	185.8	252.9
Total liabilities and shareholders' equity	1,587.8	1,598.2
Reportable Legal Entities [Member] | Parent [Member]
ASSETS
Cash and cash equivalents	0.0	0.0	0.0	0.0
Accounts receivable, net	0.0	0.0
Inventories	0.0	0.0
Non-trade amounts receivable, net	0.0	0.1
Intercompany receivables	11.9	11.8
Prepaid expenses and other current assets	1.1	1.1
Total current assets	13.0	13.0
Deferred income tax benefits, net	142.7	143.5
Property, plant and equipment, net	0.0	0.0
Long-term receivables, net	0.0	0.0
Tradenames, net	0.0	0.0
Goodwill	0.0	0.0
Investments in subsidiaries	1,356.7	1,164.8
Intercompany notes receivable	479.4	462.0
Other assets, net	1.2	1.6
Total assets	1,993.0	1,784.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	0.0	0.0
Short-term borrowings and current portion of long-term debt and capital lease obligations	104.0	90.4
Intercompany payables	858.9	688.2
Accrued liabilities	130.9	155.1
Total current liabilities	1,093.8	933.7
Long-term debt and capital lease obligations	599.4	599.3
Intercompany notes payable	77.0	78.5
Other liabilities	10.0	12.4
Total shareholders' equity	212.8	161.0
Total liabilities and shareholders' equity	1,993.0	1,784.9
Reportable Legal Entities [Member] | Guarantor [Member]
ASSETS
Cash and cash equivalents	0.5	0.0	0.0	0.1
Accounts receivable, net	0.0	0.0
Inventories	0.0	0.0
Non-trade amounts receivable, net	50.5	30.1
Intercompany receivables	935.8	754.2
Prepaid expenses and other current assets	5.4	3.3
Total current assets	992.2	787.6
Deferred income tax benefits, net	193.2	219.9
Property, plant and equipment, net	50.4	46.6
Long-term receivables, net	0.1	0.1
Tradenames, net	0.0	0.0
Goodwill	2.9	2.9
Investments in subsidiaries	1,321.3	1,190.1
Intercompany notes receivable	95.6	90.5
Other assets, net	1.2	0.6
Total assets	2,656.9	2,338.3
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	5.0	3.3
Short-term borrowings and current portion of long-term debt and capital lease obligations	0.0	1.2
Intercompany payables	263.4	224.2
Accrued liabilities	102.8	111.5
Total current liabilities	371.2	340.2
Long-term debt and capital lease obligations	0.0	0.0
Intercompany notes payable	928.0	768.1
Other liabilities	56.8	107.8
Total shareholders' equity	1,300.9	1,122.2
Total liabilities and shareholders' equity	2,656.9	2,338.3
Reportable Legal Entities [Member] | Non-Guarantors [Member]
ASSETS
Cash and cash equivalents	92.7	79.8	77.0	127.2
Accounts receivable, net	125.3	142.7
Inventories	240.4	254.6
Non-trade amounts receivable, net	85.1	109.6
Intercompany receivables	270.3	228.8
Prepaid expenses and other current assets	100.9	118.1
Total current assets	914.7	933.6
Deferred income tax benefits, net	203.8	161.5
Property, plant and equipment, net	209.4	207.0
Long-term receivables, net	13.1	13.1
Tradenames, net	67.3	82.7
Goodwill	129.7	143.4
Investments in subsidiaries	0.0	0.0
Intercompany notes receivable	725.6	579.7
Other assets, net	57.8	108.1
Total assets	2,321.4	2,229.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	112.7	123.5
Short-term borrowings and current portion of long-term debt and capital lease obligations	1.9	70.9
Intercompany payables	95.7	82.4
Accrued liabilities	246.9	247.1
Total current liabilities	457.2	523.9
Long-term debt and capital lease obligations	6.6	8.9
Intercompany notes payable	295.6	285.6
Other liabilities	184.9	178.0
Total shareholders' equity	1,377.1	1,232.7
Total liabilities and shareholders' equity	2,321.4	2,229.1
Eliminations [Member]
ASSETS
Cash and cash equivalents	0.0	0.0	$ 0.0	$ 0.0
Accounts receivable, net	0.0	0.0
Inventories	0.0	0.0
Non-trade amounts receivable, net	(70.7)	(94.3)
Intercompany receivables	(1,218.0)	(994.8)
Prepaid expenses and other current assets	(85.9)	(94.6)
Total current assets	(1,374.6)	(1,183.7)
Deferred income tax benefits, net	0.0	0.0
Property, plant and equipment, net	0.0	0.0
Long-term receivables, net	0.0	0.0
Tradenames, net	0.0	0.0
Goodwill	0.0	0.0
Investments in subsidiaries	(2,678.0)	(2,354.9)
Intercompany notes receivable	(1,300.6)	(1,132.2)
Other assets, net	(30.3)	(83.3)
Total assets	(5,383.5)	(4,754.1)
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	0.0	(0.1)
Short-term borrowings and current portion of long-term debt and capital lease obligations	0.0	0.0
Intercompany payables	(1,218.0)	(994.8)
Accrued liabilities	(156.6)	(188.9)
Total current liabilities	(1,374.6)	(1,183.8)
Long-term debt and capital lease obligations	0.0	0.0
Intercompany notes payable	(1,300.6)	(1,132.2)
Other liabilities	(30.3)	(83.2)
Total shareholders' equity	(2,678.0)	(2,354.9)
Total liabilities and shareholders' equity	$ (5,383.5)	$ (4,754.1)

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Guarantor Information (Condensed Consolidating Statement of Cash Flows) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Operating Activities:
Net cash provided by (used in) operating activities	$ 238.6	$ 225.7	$ 284.1
Investing Activities:
Capital expenditures	(61.6)	(61.1)	(69.4)
Proceeds from disposal of property, plant and equipment	35.9	18.0	7.1
Net intercompany loans	0.0	0.0	0.0
Return of Capital	0.0	0.0	0.0
Net cash used in investing activities	(25.7)	(43.1)	(62.3)
Financing Activities:
Dividend payments to shareholders	(138.8)	(138.0)	(135.5)
Dividend payments to parent	0.0	0.0	0.0
Proceeds from (Repayments of) Notes Payable	0.0	0.0	0.0
Proceeds from exercise of stock options	0.8	16.1	15.7
Repurchase of common stock	(1.7)	(1.5)	(92.3)
Repayment of long-term debt and capital lease obligations	(2.2)	(2.6)	(3.0)
Net change in short-term debt	(52.0)	(36.4)	(2.2)
Debt issuance costs	0.0	(0.7)	0.0
Excess tax benefits from share-based payment arrangements	0.6	6.0	6.3
Net intercompany notes payable (receivable)	0.0	0.0	0.0
Proceeds from (Payments to) Noncontrolling Interests	0.0	0.0	0.0
Net cash used in financing activities	(193.3)	(157.1)	(211.0)
Effect of exchange rate changes on cash and cash equivalents	(6.2)	(22.7)	(61.1)
Net change in cash and cash equivalents	13.4	2.8	(50.3)
Cash and cash equivalents at beginning of year	79.8	77.0	127.3
Cash and cash equivalents at end of year	93.2	79.8	77.0
Reportable Legal Entities [Member] | Parent [Member]
Operating Activities:
Net cash provided by (used in) operating activities	(29.9)	438.9	306.7
Investing Activities:
Capital expenditures	0.0	0.0	0.0
Proceeds from disposal of property, plant and equipment	0.0	0.0	0.0
Net intercompany loans	(18.9)	(335.7)	5.1
Return of Capital	0.0	0.0	0.0
Net cash used in investing activities	(18.9)	(335.7)	5.1
Financing Activities:
Dividend payments to shareholders	(138.8)	(138.0)	(135.5)
Dividend payments to parent	0.0	0.0	0.0
Proceeds from (Repayments of) Notes Payable	(0.2)	0.1	0.0
Proceeds from exercise of stock options	0.8	16.1	15.7
Repurchase of common stock	(1.7)	(1.5)	(92.3)
Repayment of long-term debt and capital lease obligations	0.0	0.0	0.0
Net change in short-term debt	17.5	(9.5)	(9.1)
Debt issuance costs	0.0	(0.7)	0.0
Excess tax benefits from share-based payment arrangements	0.6	6.0	6.3
Net intercompany notes payable (receivable)	170.6	24.3	(96.9)
Proceeds from (Payments to) Noncontrolling Interests	0.0	0.0	0.0
Net cash used in financing activities	48.8	(103.2)	(311.8)
Effect of exchange rate changes on cash and cash equivalents	0.0	0.0	0.0
Net change in cash and cash equivalents	0.0	0.0	0.0
Cash and cash equivalents at beginning of year	0.0	0.0	0.0
Cash and cash equivalents at end of year	0.0	0.0	0.0
Reportable Legal Entities [Member] | Guarantor [Member]
Operating Activities:
Net cash provided by (used in) operating activities	(0.8)	230.6	1,482.7
Investing Activities:
Capital expenditures	(16.0)	(14.7)	(14.7)
Proceeds from disposal of property, plant and equipment	0.0	0.0	0.0
Net intercompany loans	(186.4)	296.3	(190.8)
Return of Capital	0.0	105.5	604.3
Net cash used in investing activities	(202.4)	387.1	398.8
Financing Activities:
Dividend payments to shareholders	0.0	0.0	0.0
Dividend payments to parent	0.0	(400.0)	(352.0)
Proceeds from (Repayments of) Notes Payable	0.0	0.0	0.0
Proceeds from exercise of stock options	0.0	0.0	0.0
Repurchase of common stock	0.0	0.0	0.0
Repayment of long-term debt and capital lease obligations	0.0	0.0	0.0
Net change in short-term debt	(1.2)	(2.3)	2.3
Debt issuance costs	0.0	0.0	0.0
Excess tax benefits from share-based payment arrangements	0.0	0.0	0.0
Net intercompany notes payable (receivable)	204.9	(215.3)	(1,530.4)
Proceeds from (Payments to) Noncontrolling Interests	0.0	0.0	0.0
Net cash used in financing activities	203.7	(617.6)	(1,880.1)
Effect of exchange rate changes on cash and cash equivalents	0.0	(0.1)	(1.5)
Net change in cash and cash equivalents	0.5	0.0	(0.1)
Cash and cash equivalents at beginning of year	0.0	0.0	0.1
Cash and cash equivalents at end of year	0.5	0.0	0.0
Reportable Legal Entities [Member] | Non-Guarantors [Member]
Operating Activities:
Net cash provided by (used in) operating activities	275.2	66.4	96.5
Investing Activities:
Capital expenditures	(45.6)	(46.4)	(54.7)
Proceeds from disposal of property, plant and equipment	35.9	18.0	7.1
Net intercompany loans	(194.5)	492.0	1,839.9
Return of Capital	0.0	0.0	0.0
Net cash used in investing activities	(204.2)	463.6	1,792.3
Financing Activities:
Dividend payments to shareholders	0.0	0.0	0.0
Dividend payments to parent	(21.2)	(103.1)	(1,281.5)
Proceeds from (Repayments of) Notes Payable	0.2	(0.1)	0.0
Proceeds from exercise of stock options	0.0	0.0	0.0
Repurchase of common stock	0.0	0.0	0.0
Repayment of long-term debt and capital lease obligations	(2.2)	(2.6)	(3.0)
Net change in short-term debt	(68.3)	(24.6)	4.6
Debt issuance costs	0.0	0.0	0.0
Excess tax benefits from share-based payment arrangements	0.0	0.0	0.0
Net intercompany notes payable (receivable)	39.6	(268.8)	4.9
Proceeds from (Payments to) Noncontrolling Interests	0.0	(105.5)	(604.3)
Net cash used in financing activities	(51.9)	(504.7)	(1,879.3)
Effect of exchange rate changes on cash and cash equivalents	(6.2)	(22.5)	(59.7)
Net change in cash and cash equivalents	12.9	2.8	(50.2)
Cash and cash equivalents at beginning of year	79.8	77.0	127.2
Cash and cash equivalents at end of year	92.7	79.8	77.0
Eliminations [Member]
Operating Activities:
Net cash provided by (used in) operating activities	(5.9)	(510.2)	(1,601.8)
Investing Activities:
Capital expenditures	0.0	0.0	0.0
Proceeds from disposal of property, plant and equipment	0.0	0.0	0.0
Net intercompany loans	399.8	(452.6)	(1,654.2)
Return of Capital	0.0	(105.5)	(604.3)
Net cash used in investing activities	399.8	(558.1)	(2,258.5)
Financing Activities:
Dividend payments to shareholders	0.0	0.0	0.0
Dividend payments to parent	21.2	503.1	1,633.5
Proceeds from (Repayments of) Notes Payable	0.0	0.0	0.0
Proceeds from exercise of stock options	0.0	0.0	0.0
Repurchase of common stock	0.0	0.0	0.0
Repayment of long-term debt and capital lease obligations	0.0	0.0	0.0
Net change in short-term debt	0.0	0.0	0.0
Debt issuance costs	0.0	0.0	0.0
Excess tax benefits from share-based payment arrangements	0.0	0.0	0.0
Net intercompany notes payable (receivable)	(415.1)	459.8	1,622.4
Proceeds from (Payments to) Noncontrolling Interests	0.0	105.5	604.3
Net cash used in financing activities	(393.9)	1,068.4	3,860.2
Effect of exchange rate changes on cash and cash equivalents	0.0	(0.1)	0.1
Net change in cash and cash equivalents	0.0	0.0	0.0
Cash and cash equivalents at beginning of year	0.0	0.0	0.0
Cash and cash equivalents at end of year	$ 0.0	$ 0.0	$ 0.0

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Quarterly Financial Summary (Details) $ in Millions		3 Months Ended								12 Months Ended
		Dec. 31, 2016 USD ($) $ / shares	Sep. 24, 2016 USD ($) $ / shares	Jun. 25, 2016 USD ($) $ / shares	Mar. 26, 2016 USD ($) $ / shares	Dec. 26, 2015 USD ($) $ / shares	Sep. 26, 2015 USD ($) $ / shares	Jun. 27, 2015 USD ($) $ / shares	Mar. 28, 2015 USD ($) $ / shares	Dec. 31, 2016 USD ($) $ / shares	Dec. 26, 2015 USD ($) $ / shares	Dec. 27, 2014 USD ($) $ / shares
Fiscal Period Duration		98 days				91 days				371 days	364 days	364 days
Net sales		$ 600.9	$ 521.8	$ 564.7	$ 525.7	$ 592.1	$ 521.0	$ 588.9	$ 581.8	$ 2,213.1	$ 2,283.8	$ 2,606.1
Gross margin		404.2	353.4	380.8	359.7	400.9	348.5	399.8	390.2	1,498.1	1,539.4	1,722.1
Net income		$ 79.0	$ 48.8	$ 52.4	$ 43.4	$ 58.1	$ 36.2	$ 62.0	$ 29.5	$ 223.6	$ 185.8	$ 214.4
Basic earnings per share | $ / shares		$ 1.56	$ 0.97	$ 1.04	$ 0.86	$ 1.16	$ 0.72	$ 1.24	$ 0.59	$ 4.43	$ 3.72	$ 4.28
Diluted earnings per share | $ / shares		1.55	0.96	1.03	0.86	1.15	0.72	1.23	0.59	4.41	3.69	4.20
Dividends declared per share | $ / shares		0.68	0.68	0.68	0.68	0.68	0.68	0.68	0.68	2.72	2.72	$ 2.72
Composite stock price, close | $ / shares		$ 52.62	$ 64.31	$ 53.15	$ 55.39	$ 55.89	$ 50.06	$ 67.36	$ 70.25	$ 52.62	$ 55.89
Re-engineering and impairment charges	[1]									$ 7.6	$ 20.3	$ 11.0
Gains (Losses) on Sales of Land	[2]	$ 2.2	$ 24.2	$ 0.8	$ 0.1	$ 0.3	$ 2.0	$ 10.8	$ 0.6
Maximum [Member]
Composite stock price range | $ / shares		66.67	66.90	62.40	58.30	62.02	67.35	70.78	72.93
Minimum [Member]
Composite stock price range | $ / shares		52.32	50.43	52.64	42.60	48.73	47.85	64.35	59.35
Venezuela
Impairment of Long-Lived Assets Held-for-use									$ 13.5
Other expense | Venezuela
Foreign Currency Transaction Gain (Loss), before Tax		$ 0.2	$ 0.3	$ 3.6	$ 0.2	$ 1.8	$ 2.0	$ 1.8	9.3	$ 4.3	$ 14.9	$ 42.4
Restructuring Charges [Member]
Re-engineering and impairment charges		$ 2.2	$ 2.4	$ 1.9	$ 1.1	$ 2.3	$ 0.3	$ 1.5	$ 2.7

[1] See Note 2 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

[2] Gains on disposal of assets in 2016, 2015 and 2014 include $26.5 million, $12.9 million and $1.3 million from transactions related to land near the Orlando, FL headquarters.

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Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2016	Dec. 26, 2015	Dec. 27, 2014
Allowance for Doubtful Accounts, Current and Long-term [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		$ 45.2	$ 48.4	$ 54.4
Charged to Cost and Expenses		11.1	12.8	13.5
Charged to Other Accounts		0.0	0.0	0.0
Deductions - write-offs, less recoveries	[1]	(9.0)	(8.0)	(11.6)
Translation Adjustments	[2]	(2.4)	(8.0)	(7.9)
Balance at End of Period		44.9	45.2	48.4
Valuation Allowance of Deferred Tax Assets [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period		23.1	40.2	34.8
Charged to Cost and Expenses		0.0	0.0	0.0
Charged to Other Accounts		0.0	0.0	0.0
Translation Adjustments	[2]	1.8	(7.1)	(4.2)
Release of Valuation Allowance	[3]	0.0	0.0	(0.4)
Write off of Operating Loss	[4]	(0.1)	(10.0)	10.0
Balance at End of Period		$ 24.8	$ 23.1	$ 40.2

[1] Represents write-offs, less recoveries.

[2] Foreign currency translation adjustment.

[3] Represents release of valuation allowance as reduction of costs and expenses. See Note 12 to the consolidated financial statements for additional information.

[4] Represents additions and write-offs of net operating losses for which a valuation allowance was already recorded. See Note 12 to the consolidated financial statements for additional information.