Net (Loss) Earnings - Per Common Share (Tables)

3 Months Ended

Mar. 31, 2012

Net Earnings Per Common Share [Abstract]

Calculation of basic and diluted net earnings per common share

	Three  Months Ended March 31,
	2012			2011
Basic Net (Loss) Earnings Per Common Share:
Numerator
Net (loss) earnings available to common stockholders	$	(6.0	)	$	59.7
Distributed and allocated undistributed net earnings to non-vested restricted stockholders		(0.1	)		(0.4	)
Distributed and allocated undistributed net (loss) earnings to common stockholders		(6.1	)		59.3
Distributed net earnings—dividends paid to common stockholders		(25.1	)		(20.7	)
Allocation of undistributed net (loss) earnings to common stockholders	$	(31.2	)	$	38.6
Denominator(1)
Weighted average number of common shares outstanding—basic		191.9			158.7
Basic net (loss) earnings per common share:
Distributed net earnings to common stockholders	$	0.13		$	0.13
Allocated undistributed net earnings to common stockholders		(0.16	)		0.24
Basic net (loss) earnings per common share:	$	(0.03	)	$	0.37
Diluted Net (Loss) Earnings Per Common Share:
Numerator
Distributed and allocated undistributed net (loss) earnings to common stockholders	$	(6.1	)	$	59.3
Add: Allocated undistributed net earnings to non-vested restricted stockholders		—			0.2
Less: Undistributed net earnings reallocated to non-vested restricted stockholders		—			(0.2	)
Net (loss) earnings available to common stockholders—diluted	$	(6.1	)	$	59.3
Denominator(1) (2)
Weighted average number of common shares outstanding—basic		191.9			158.7
Effect of assumed issuance of Settlement agreement shares		—			18.0
Effect of non-vested restricted stock and restricted stock units		—			0.2
Weighted average number of common shares outstanding—diluted(2)		191.9			176.9
Diluted net (loss) earnings per common share	$	(0.03	)	$	0.34

(1) Includes the weighted-average impact in the three months ended March 31, 2012 of 31.7 million shares issued as part of the total consideration paid in connection with the acquisition of Diversey on October 3, 2012.

(2) Provides for the following items if their inclusion is dilutive: (i) the effect of assumed issuance of 18 million shares of common stock reserved for the Settlement agreement as defined in our 2011 Annual Report on Form 10-K and (ii) the effect of non-vested restricted stock and restricted stock units using the treasury stock method. In calculating diluted net earnings per common share for the three months ended March 31, 2012, our diluted weighted average number of common shares outstanding exclude the effect of assumed issuance of Settlement agreement shares and non-vested restricted stock and restricted stock units as the effect was anti-dilutive.