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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales:        
Total net sales $ 1,900.3 $ 1,247.1 $ 5,670.3 $ 3,588.2
Cost of sales 1,256.7 911.4 3,777.3 2,619.2
Gross profit 643.6 335.7 1,893.0 969.0
Marketing, administrative and development expenses 429.2 179.4 1,343.8 549.0
Amortization of intangible assets 33.0 2.5 99.5 7.5
Impairment of goodwill and other intangible assets 1,334.3   1,334.3  
Costs related to the acquisition of Diversey 1.3 24.1 4.8 30.7
Restructuring and other charges 36.8 [1] (0.2) [1] 110.1 [1] (0.2) [1]
Operating (loss) profit (1,191.0) 129.9 (999.5) 382.0
Interest expense (96.5) (36.6) (291.2) (110.5)
Impairment of equity method investment     (23.5)  
Other income (expense), net 1.2 6.8 (8.5) 0.7
(Loss) earnings from continuing operations before income tax provision (1,286.3) 100.1 (1,322.7) 272.2
Income tax (benefit) provision (48.0) 26.4 (55.4) 73.8
Net (loss) earnings from continuing operations (1,238.3) 73.7 (1,267.3) 198.4
Net earnings from discontinued operations, net of tax 5.9   15.3  
Net (loss) earnings available to common stockholders (1,232.4) 73.7 (1,252.0) 198.4
Basic        
Continuing operations $ (6.41) $ 0.46 $ (6.58) $ 1.24
Discontinued operations $ 0.03   $ 0.08  
Net (loss) earnings per common share - basic $ (6.38) $ 0.46 $ (6.50) $ 1.24
Diluted        
Continuing operations $ (6.41) $ 0.41 $ (6.58) $ 1.11
Discontinued operations $ 0.03   $ 0.08  
Net (loss) earnings per common share-diluted $ (6.38) $ 0.41 $ (6.50) $ 1.11
Dividends per common share $ 0.13 $ 0.13 $ 0.39 $ 0.39
Weighted average number of common shares outstanding:        
Basic 193.2 [2],[3] 159.3 [2],[3] 192.7 [2],[3] 159.1 [2],[3]
Diluted 193.2 177.9 192.7 177.5
Food Packaging [Member]
       
Net sales:        
Total net sales 509.8 529.8 1,497.7 1,506.6
Restructuring and other charges 6.0   33.5  
Food Solutions [Member]
       
Net sales:        
Total net sales 254.4 265.5 739.7 756.2
Restructuring and other charges 0.9   6.7  
Protective Packaging [Member]
       
Net sales:        
Total net sales 344.0 361.2 1,034.2 1,049.8
Restructuring and other charges 1.5   8.1  
Diversey [Member]
       
Net sales:        
Total net sales 698.5   2,113.6  
Restructuring and other charges 26.1   56.2  
Other [Member]
       
Net sales:        
Total net sales 93.6 90.6 285.1 275.6
Restructuring and other charges $ 2.3   $ 5.6  
[1] Restructuring and other charges by our segment reporting structure were Food Packaging 000, -, 000, -; Food Solutions 000, -, 000, - ; Protective Packaging 000, -, 000, -; Diversey 000, (0.2), 000, (0.2); Other 000, -, 000, -; Total 000, -, 000, -. For the three months year ended for 2012 and 2011 and for the nine months year ended for 2012 and 2011 respectively.
[2] Includes the weighted-average share impact in 2012 of 31.7 million shares issued as part of the total consideration paid in connection with the acquisition of Diversey on October 3, 2011.
[3] 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 and (ii) the effect of non-vested restricted stock and restricted stock units using the treasury stock method. In calculating diluted net (loss) earnings per common share for 2012, our diluted weighted average number of common shares outstanding excludes the effect of the items mentioned above as the effect was anti-dilutive.