Condensed Financial Statements Of Guarantors (Restated)

12 Months Ended

Sep. 30, 2011

Condensed Financial Statements Of Guarantors (Restated) [Abstract]

Condensed Financial Statements Of Guarantors (Restated)

NOTE 24 – CONDENSED FINANCIAL STATEMENTS OF GUARANTORS (RESTATED)

As described in Note 17, in August 2009 and July 2010, the Company issued a total of $750.0 of Senior Notes which are publicly tradable. The notes are fully and unconditionally guaranteed on a joint and several basis by most of Ralcorp's domestic subsidiaries (Guarantor Subsidiaries), each of which is wholly owned, directly or indirectly, by Ralcorp Holdings, Inc. (Parent Company). The guarantees are subject to release in limited circumstances (only upon the occurrence of certain customary conditions). In addition, such securities are collateralized by 65% of the stock of Ralcorp's indirectly wholly owned foreign subsidiaries. The notes are not guaranteed by the foreign subsidiaries and a few of Ralcorp's wholly owned domestic subsidiaries (Non-Guarantor Subsidiaries).

In May of 2012, the Company identified errors in the previously issued condensed financial statements of guarantors included in the originally filed Annual Report on Form 10-K for the fiscal year ended September 30, 2011, and the Company has restated its condensed financial statements of guarantors as of September 30, 2011 and 2010 and for the years ended September 30, 2011, 2010 and (for the statement of cash flows only) 2009. The effect of the restatement adjustments on the condensed financial statements of guarantors as previously reported for those periods is disclosed in the following tables (which do not reflect recasting for discontinued operations). These errors are described in the legend following the tables.

Condensed Consolidating Statements of Operations

	Year Ended September 30, 2011
	Parent Company						Guarantor Subsidiaries						Non-Guarantor Subsidiaries						Eliminations				Consolidated
	Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated			Previously Reported		Restated		Previously Reported			Restated
Selling, general and administrative expenses2,4	$	(134.4	)	$	(133.7	)	$	(495.0	)	$	(494.9	)	$	(67.5	)	$	(68.3	)	$	78.5	$	78.5	$	(618.4	)	$	(618.4	)
Amortization of intangible assets2		(10.7	)		(5.7	)		(61.4	)		(66.4	)		(6.1	)		(6.1	)		—		—		(78.2	)		(78.2	)
Impairment of intangible assets1		—			—			(503.5	)		(557.5	)		—			—			—		—		(503.5	)		(557.5	)
Other operating expenses, net2		(3.6	)		(2.0	)		(6.4	)		(8.0	)		(2.9	)		(2.9	)		—		—		(12.9	)		(12.9	)
Operating (Loss) Profit		(38.0	)		(30.7	)		28.3			(32.2	)		39.5			38.7			—		—		29.8			(24.2	)
Interest (expense) income, net3		(136.8	)		(136.1	)		.6			.6			2.2			1.5			—		—		(134.0	)		(134.0	)
(Loss) Earnings before Income Taxes and Equity Earnings		(174.8	)		(166.8	)		28.9			(31.6	)		41.7			40.2			—		—		(104.2	)		(158.2	)
Income taxes2,4		83.1			80.2			(149.6	)		(147.2	)		(16.5	)		(16.0	)		—		—		(83.0	)		(83.0	)
Earnings before Equity Earnings		(91.7	)		(86.6	)		(120.7	)		(178.8	)		25.2			24.2			—		—		(187.2	)		(241.2	)
Equity in (loss) earnings of subsidiaries1,2,4		(95.5	)		(154.6	)		1.5			1.5			—			—			94.0		153.1		—			—
Net (Loss) Earnings		(187.2	)		(241.2	)		(119.2	)		(177.3	)		25.2			24.2			94.0		153.1		(187.2	)		(241.2	)

	Year Ended September 30, 2010
	Parent Company						Guarantor Subsidiaries						Non-Guarantor Subsidiaries						Eliminations						Consolidated
	Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated
Cost of goods sold2	$	(386.6	)	$	(382.7	)	$	(2,502.2	)	$	(2,506.1	)	$	(200.0	)	$	(200.0	)	$	117.2		$	117.2		$	(2,971.6	)	$	(2,971.6	)
Gross Profit		131.5			135.4			936.0			932.1			77.9			77.9			(68.5	)		(68.5	)		1,076.9			1,076.9
Selling, general and administrative expenses2,3		(139.2	)		(139.0	)		(391.7	)		(390.8	)		(65.7	)		(66.8	)		68.5			68.5			(528.1	)		(528.1	)
Amortization of intangible assets3		(6.3	)		(6.3	)		(38.9	)		(40.0	)		(4.1	)		(3.0	)		—			—			(49.3	)		(49.3	)
Other operating expenses, net2		(23.7	)		(21.4	)		(13.6	)		(15.9	)		(.4	)		(.4	)		—			—			(37.7	)		(37.7	)
Operating Profit		(37.7	)		(31.3	)		451.9			445.5			7.7			7.7			—			—			421.9			421.9
(Loss) Earnings before Income Taxes and Equity Earnings		(148.1	)		(141.7	)		452.1			445.7			10.1			10.1			—			—			314.1			314.1
Income taxes2		32.7			30.4			(133.7	)		(131.4	)		(4.3	)		(4.3	)		—			—			(105.3	)		(105.3	)
Earnings before Equity Earnings		(115.4	)		(111.3	)		318.4			314.3			5.8			5.8			—			—			208.8			208.8
Equity in earnings (loss) of subsidiaries2		324.2			320.1			(10.2	)		(10.2	)		—			—			(314.0	)		(309.9	)		—			—
Net Earnings		208.8			208.8			308.2			304.1			5.8			5.8			(314.0	)		(309.9	)		208.8			208.8

Condensed Consolidating Balance Sheets

	September 30, 2011
	Parent Company					Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations						Consolidated
	Previously Reported			Restated		Previously Reported		Restated		Previously Reported		Restated		Previously Reported			Restated			Previously Reported		Restated
Receivables, net2,3,4	$	57.5		$	55.7	$	70.0	$	49.4	$	284.7	$	310.8	$	(1.8	)	$	(5.5	)	$	410.4	$	410.4
Total Current Assets		151.2			149.4		480.4		459.8		368.2		394.3		(5.1	)		(8.8	)		994.7		994.7
Intercompany Notes and Interest4		—			—		88.8		88.8		130.7		106.8		(219.5	)		(195.6	)		—		—
Investment in Subsidiaries1,2,3,4		4,921.9			4,873.5		267.7		271.4		—		—		(5,189.6	)		(5,144.9	)		—		—
Deferred Income Taxes2,3		—			85.4		—		—		—		—		—			(85.4	)		—		—
Goodwill1		—			—		2,491.0		2,437.0		99.1		99.1		—			—			2,590.1		2,536.1
Other Assets3		11.5			35.3		24.9		1.1		.2		.2		—			—			36.6		36.6
Total Assets		5,185.5			5,244.5		5,735.7		5,641.0		826.2		828.4		(5,414.2	)		(5,434.7	)		6,333.2		6,279.2
Accounts and notes payable2		74.7			74.7		201.8		205.5		146.8		146.8		(5.1	)		(8.8	)		418.2		418.2
Other current liabilities3		150.9			146.8		84.5		88.6		18.3		18.3		—			—			253.7		253.7
Total Current Liabilities		225.6			221.5		286.3		294.1		165.1		165.1		(5.1	)		(8.8	)		671.9		671.9
Intercompany Notes and Interest4		115.6			91.7		15.1		15.1		88.8		88.8		(219.5	)		(195.6	)		—		—
Deferred Income Taxes2,3		(141.0	)		—		765.5		709.9		11.1		11.1		—			(85.4	)		635.6		635.6
Total Liabilities		2,566.3			2,679.3		1,070.1		1,022.3		302.2		302.2		(224.6	)		(289.8	)		3,714.0		3,714.0
Other shareholders' equity1,2,3,4		2,618.6			2,564.6		4,665.6		4,618.7		524.0		526.2		(5,189.6	)		(5,144.9	)		2,618.6		2,564.6
Total Shareholders' Equity		2,619.2			2,565.2		4,665.6		4,618.7		524.0		526.2		(5,189.6	)		(5,144.9	)		2,619.2		2,565.2
Total Liabilities and Shareholders' Equity		5,185.5			5,244.5		5,735.7		5,641.0		826.2		828.4		(5,414.2	)		(5,434.7	)		6,333.2		6,279.2

	September 30, 2010
	Parent Company					Guarantor Subsidiaries				Non-Guarantor Subsidiaries					Eliminations						Consolidated
	Previously Reported			Restated		Previously Reported		Restated		Previously Reported			Restated		Previously Reported			Restated			Previously Reported		Restated
Receivables, net2,3	$	18.2		$	60.5	$	182.0	$	141.4	$	173.8		$	173.8	$	(140.6	)	$	(142.3	)	$	233.4	$	233.4
Deferred income taxes3		2.1			2.1		9.1		9.1		(.6	)		—		—			(.6	)		10.6		10.6
Total Current Assets		295.9			338.2		530.7		490.1		233.2			233.8		(182.8	)		(185.1	)		877.0		877.0
Investment in Subsidiaries2,3		5,342.7			5,303.8		347.2		345.5		—			—		(5,689.9	)		(5,649.3	)		—		—
Deferred Income Taxes3		—			74.1		—		—		—			—		—			(74.1	)		—		—
Property3		239.4			242.9		1,392.9		1,389.4		226.2			226.2		—			—			1,858.5		1,858.5
Total Assets		5,770.0			5,851.0		6,343.2		6,297.4		683.3			683.9		(5,991.6	)		(6,027.4	)		6,804.9		6,804.9
Accounts and notes payable3		64.3			64.3		178.6		178.6		39.4			41.1		(2.8	)		(4.5	)		279.5		279.5
Deferred income taxes3		—			—		—		—		—			.6		—			(.6	)		—		—
Total Current Liabilities		313.2			313.2		263.1		263.1		53.6			55.9		(2.8	)		(5.1	)		627.1		627.1
Deferred Income Taxes2,3		(81.0	)		—		753.2		747.6		12.9			11.6		—			(74.1	)		685.1		685.1
Total Liabilities		2,940.8			3,021.8		1,039.2		1,033.6		117.4			118.4		(121.7	)		(198.1	)		3,975.7		3,975.7
Other shareholders' equity2,3		2,828.6			2,828.6		5,304.0		5,263.8		565.9			565.5		(5,869.9	)		(5,829.3	)		2,828.6		2,828.6
Total Shareholders' Equity		2,829.2			2,829.2		5,304.0		5,263.8		565.9			565.5		(5,869.9	)		(5,829.3	)		2,829.2		2,829.2
Total Liabilities and Shareholders' Equity		5,770.0			5,851.0		6,343.2		6,297.4		683.3			683.9		(5,991.6	)		(6,027.4	)		6,804.9		6,804.9

Condensed Consolidating Statements of Cash Flows

	Year Ended September 30, 2011
	Parent Company						Guarantor Subsidiaries						Non-Guarantor Subsidiaries						Eliminations						Consolidated
	Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated
Net Cash Provided (Used) by Operating Activities2,3,4,6	$	65.0		$	207.7		$	532.0		$	583.8		$	(88.0	)	$	(80.5	)	$	(3.3	)	$	(205.3	)	$	505.7		$	505.7
Intercompany investments and advances2,3,4,6		401.5			—			(415.3	)		—			13.8			—			—			—			—			—
Payments for equity contributions6		—			(16.3	)		—			—			—			—			—			16.3			—			—
Proceeds from equity distributions6		—			258.1			—			—			—			—			—			(258.1	)		—			—
Payments for intercompany lending6		—			—			—			—			—			(130.0	)		—			130.0			—			—
Receipt of intercompany loan repayments6		—			—			—			—			—			113.5			—			(113.5	)		—			—
Net Cash Provided (Used) by Investing Activities		383.4			223.7			(529.3	)		(114.0	)		7.1			(23.2	)		—			(225.3	)		(138.8	)		(138.8	)
Changes in book cash overdrafts3		(5.3	)		3.1			(2.9	)		(14.1	)		—			2.8			—			—			(8.2	)		(8.2	)
Proceeds from equity contributions6		—			—			—			.6			—			15.7			—			(16.3	)		—			—
Payments for equity distributions6		—			—			—			(456.5	)		—			(3.6	)		—			460.1			—			—
Proceeds from intercompany borrowing6		—			122.1			—			—			—			7.9			—			(130.0	)		—			—
Repayments of intercompany loans6		—			(113.5	)		—			—			—			—			—			113.5			—			—
Net Cash (Used) Provided by Financing Activities		(446.5	)		(429.5	)		(3.0	)		(470.1	)		105.0			127.8			—			427.3			(344.5	)		(344.5	)

	Year Ended September 30, 2010
	Parent Company						Guarantor Subsidiaries						Non-Guarantor Subsidiaries						Eliminations					Consolidated
	Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated			Previously Reported		Restated			Previously Reported			Restated
Net Cash Provided by Operating Activities2,3,4,6	$	200.4		$	164.8		$	78.0		$	417.5		$	23.5		$	33.9		$	—	$	(314.3	)	$	301.9		$	301.9
Business acquisitions, net of cash acquired5		(178.4	)		—			(1,140.7	)		(1,319.1	)		7.1			7.1								(1,312.0	)		(1,312.0	)
Additions to property and intangible assets3		(23.8	)		(23.2	)		(91.1	)		(91.7	)		(14.0	)		(14.0	)		—		—			(128.9	)		(128.9	)
Intercompany investments and advances2,3,4,5,6		(1,129.9	)		—			1,138.8			—			(8.9	)		—			—		—			—			—
Payments for equity contributions6		—			(1,365.6	)		—			(25.5	)		—			—			—		1,391.1			—			—
Proceeds from equity distributions6		—			54.9			—			—			—			—			—		(54.9	)		—			—
Payments for intercompany lending6		—			—			—			—			—			(96.3	)		—		96.3			—			—
Receipt of intercompany loan repayments6		—			—			—			12.4			—			58.9			—		(71.3	)		—			—
Net Cash Used by Investing Activities		(1,330.1	)		(1,331.9	)		(92.6	)		(1,423.5	)		(15.7	)		(44.2	)		—		1,361.2			(1,438.4	)		(1,438.4	)
Changes in book cash overdrafts3		(8.4	)		(8.4	)		14.9			13.4			—			1.5			—		—			6.5			6.5
Proceeds from equity contributions6		—			—			—			1,351.9			—			38.7			—		(1,390.6	)		—			—
Payments for equity distributions6		—			—			—			(359.0	)		—			(9.7	)		—		368.7			—			—
Proceeds from intercompany borrowing6		—			96.3			—			—			—			—			—		(96.3	)		—			—
Repayments of intercompany loans6		—			(58.9	)		—			—			—			(12.4	)		—		71.3			—			—
Net Cash Provided by Financing Activities		866.8			904.2			14.7			1,006.1			—			18.1			—		(1,046.9	)		881.5			881.5

	Year Ended September 30, 2009
	Parent Company						Guarantor Subsidiaries						Non-Guarantor Subsidiaries						Eliminations					Consolidated
	Previously Reported			Restated			Previously Reported			Restated			Previously Reported			Restated			Previously Reported		Restated			Previously Reported			Restated
Net Cash Provided (Used) by Operating Activities2,3,4,6	$	(148.3	)	$	277.4		$	458.7		$	476.4		$	16.3		$	(41.3	)	$	—	$	(385.8	)	$	326.7		$	326.7
Intercompany investments and advances2,3,4,6		411.7			—			(416.2	)		—			4.5			—			—		—			—			—
Payments for equity contributions6		—			(66.1	)		—			—			—			—			—		66.1			—			—
Proceeds from equity distributions6		—			106.8			—			—			—			—			—		(106.8	)		—			—
Payments for intercompany lending6		—			—			—			—			—			(97.9	)		—		97.9			—			—
Receipt of intercompany loan repayments6		—			2.6			—			—			—			155.2			—		(157.8	)		—			—
Net Cash Provided (Used) by Investing Activities		380.0			11.6			(464.4	)		(48.2	)		(5.8	)		47.0			—		(100.6	)		(90.2	)		(90.2	)
Changes in book cash overdrafts3		23.4			23.4			5.3			5.1			(.9	)		(.7	)		—		—			27.8			27.8
Proceeds from equity contributions6		—			—			—			56.5			—			9.6			—		(66.1	)		—			—
Payments for equity distributions6		—			—			—			(490.1	)		—			(2.5	)		—		492.6			—			—
Proceeds from intercompany borrowing6		—			97.9			—			—			—			—			—		(97.9	)		—			—
Repayments of intercompany loans6		—			(155.2	)		—			—			—			(2.6	)		—		157.8			—			—
Net Cash (Used) Provided by Financing Activities		25.8			(31.5	)		5.0			(428.8	)		(.9	)		3.8			—		486.4			29.9			29.9

1 The calculated amount of impairment of intangible assets was incorrect as discussed in Note 3.

2 Transactions were not recorded in the correct legal entity, and the amounts were not properly reclassified to the correct column.

3 Clerical errors led to misclassifications between columns and between line items.

4 Intercompany amounts related to the receivables securitization program discussed in Note 13 were not correctly calculated or reported.

5 Cash outflows for certain business acquisitions were incorrectly recorded on Parent Company instead of Guarantor Subsidiaries.

6 Cash flows related to intercompany loans and investments were all included in a single line in cash flows from investing activities instead of being separately identified and classified by transaction type in cash flows from operating, investing, and financing activities.

Set forth below are condensed consolidating financial statements presenting the results of operations, financial position, and cash flows of the Parent Company ("Parent"), the Guarantor Subsidiaries ("Guarantor") on a combined basis, and the Non-Guarantor Subsidiaries ("Non-Guarantor") on a combined basis, along with the eliminations necessary to arrive at the information for Ralcorp Holdings, Inc. on a consolidated basis. Eliminations represent adjustments to eliminate investments in subsidiaries and intercompany balances and transactions between or among Parent, Guarantor, and Non-Guarantor. For this presentation, investments in subsidiaries are accounted for using the equity method of accounting. These condensed consolidating financial statements have been restated to correct for certain errors (as disclosed above) and recasted to show discontinued operations (as described in Note 4). Effective with the Spin-Off, Post Foods LLC is no longer a guarantor, and all related amounts have been reclassified to Non-Guarantor Subsidiaries to conform with the current presentation.

Condensed Consolidating Statements of Operations

	Year Ended September 30, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Restated)			(Restated)			(Restated)			(Restated)			(Restated)
Net Sales	$	539.7		$	3,084.1		$	293.0		$	(129.6	)	$	3,787.2
Other intercompany revenues		1.8			7.3			69.4			(78.5	)		—
Cost of goods sold		(423.6	)		(2,446.0	)		(256.0	)		129.6			(2,996.0	)
Gross Profit		117.9			645.4			106.4			(78.5	)		791.2
Selling, general and administrative expenses		(141.9	)		(259.1	)		(65.6	)		78.5			(388.1	)
Amortization of intangible assets		(5.7	)		(53.8	)		(6.1	)		—			(65.6	)
Other operating expenses, net		(2.0	)		(6.5	)		(2.8	)		—			(11.3	)
Operating (Loss) Profit		(31.7	)		326.0			31.9			—			326.2
Interest (expense) income, net		(136.1	)		.6			1.5			—			(134.0	)
(Loss) Earnings from Continuing Operations before Income Taxes and Equity Earnings		(167.8	)		326.6			33.4			—			192.2
Income taxes		80.2			(129.1	)		(17.0	)		—			(65.9	)
Equity in (loss) earnings of subsidiaries		(154.6	)		1.5			—			153.1			—
(Loss) Earnings from Continuing Operations		(242.2	)		199.0			16.4			153.1			126.3
Earnings (loss) from discontinued operations, net of income taxes		1.0			—			(368.5	)		—			(367.5	)
Net (Loss) Earnings	$	(241.2	)	$	199.0		$	(352.1	)	$	153.1		$	(241.2	)
	Year Ended September 30, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Restated)			(Restated)			(Restated)			(Restated)
Net Sales	$	523.0		$	2,476.2		$	152.5		$	(90.7	)	$	3,061.0
Other intercompany revenues		1.8			5.9			60.8			(68.5	)		—
Cost of goods sold		(388.0	)		(1,987.9	)		(141.9	)		90.7			(2,427.1	)
Gross Profit		136.8			494.2			71.4			(68.5	)		633.9
Selling, general and administrative expenses		(137.4	)		(186.8	)		(63.3	)		68.5			(319.0	)
Amortization of intangible assets		(6.3	)		(27.3	)		(3.0	)		—			(36.6	)
Impairment of intangible assets		—			(20.5	)		—			—			(20.5	)
Other operating expenses, net		(23.7	)		(12.3	)		(.4	)		—			(36.4	)
Operating (Loss) Profit		(30.6	)		247.3			4.7			—			221.4
Interest (expense) income, net		(110.4	)		.2			2.4			—			(107.8	)
(Loss) Earnings from Continuing Operations before Income Taxes and Equity Earnings		(141.0	)		247.5			7.1			—			113.6
Income taxes		30.1			(64.5	)		(3.6	)		—			(38.0	)
Equity in earnings (loss) of subsidiaries		320.1			(10.2	)		—			(309.9	)		—
Earnings from Continuing Operations		209.2			172.8			3.5			(309.9	)		75.6
(Loss) earnings from discontinued operations, net of income taxes		(.4	)		—			133.6			—			133.2
Net Earnings	$	208.8		$	172.8		$	137.1		$	(309.9	)	$	208.8

	Year Ended September 30, 2009
	Parent			Guarantor			Non-Guarantor
	Company			Subsidiaries			Subsidiaries			Eliminations			Total
Net Sales	$	544.5		$	2,256.5		$	96.8		$	(76.5	)	$	2,821.3
Other intercompany revenues		1.9			6.0			32.9			(40.8	)		—
Cost of products sold		(407.4	)		(1,850.4	)		(83.5	)		76.5			(2,264.8	)
Gross Profit		139.0			412.1			46.2			(40.8	)		556.5
Selling, general and administrative expenses		(124.2	)		(187.6	)		(24.7	)		40.8			(295.7	)
Amortization of intangible assets		(5.6	)		(22.5	)		(1.6	)		—			(29.7	)
Other operating expenses, net		(.6	)		(1.5	)		—			—			(2.1	)
Operating Profit		8.6			200.5			19.9			—			229.0
Interest (expense) income, net		(101.7	)		(1.2	)		3.9			—			(99.0	)
Gain on forward sale contracts		—			17.6			—			—			17.6
Gain on sale of securities		—			70.6			—			—			70.6
(Loss) Earnings from Continuing Operations before Income Taxes and Equity Earnings		(93.1	)		287.5			23.8			—			218.2
Income taxes		4.1			(74.2	)		(6.0	)		—			(76.1	)
Equity in earnings of subsidiaries		398.7			2.6			—			(401.3	)		—
Equity in earnings of Vail Resorts, Inc., net of related deferred income taxes		—			9.8			—			—			9.8
Earnings from Continuing Operations		309.7			225.7			17.8			(401.3	)		151.9
(Loss) earnings from discontinued operations, net of income taxes		(19.3	)		—			157.8			—			138.5
Net Earnings	$	290.4		$	225.7		$	175.6		$	(401.3	)	$	290.4

Condensed Consolidating Balance Sheets

	September 30, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Restated)			(Restated)			(Restated)			(Restated)			(Restated)
Assets
Current Assets
Cash and cash equivalents	$	2.5		$	—		$	50.8		$	(3.3	)	$	50.0
Marketable securities		8.2			—			—			—			8.2
Receivables, net		55.7			65.9			233.5			(5.5	)		349.6
Inventories		65.2			334.9			24.0			—			424.1
Deferred income taxes		14.4			1.1			.2			—			15.7
Prepaid expenses and other current assets		3.4			7.1			1.3			—			11.8
Current assets of discontinued operations		—			—			135.3			—			135.3
Total Current Assets		149.4			409.0			445.1			(8.8	)		994.7
Intercompany Notes and Interest		—			88.8			106.8			(195.6	)		—
Investment in Subsidiaries		4,873.5			271.4			—			(5,144.9	)		—
Deferred Income Taxes		46.5			—			—			(46.5	)		—
Property		252.5			1,015.9			155.9			—			1,424.3
Accumulated Depreciation		(177.1	)		(426.8	)		(37.2	)		—			(641.1	)
Goodwill		—			1,068.1			92.8			—			1,160.9
Other Intangible Assets		66.3			850.7			70.7			—			987.7
Accumulated Amortization		(40.8	)		(163.3	)		(15.7	)		—			(219.8	)
Other Assets		34.5			1.1			.2			—			35.8
Noncurrent Assets of Discontinued Operations		39.7			—			2,535.9			(38.9	)		2,536.7
Total Assets	$	5,244.5		$	3,114.9		$	3,354.5		$	(5,434.7	)	$	6,279.2
Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable	$	74.7		$	180.7		$	142.8		$	(8.8	)	$	389.4
Other current liabilities		142.7			67.6			12.5			—			222.8
Current liabilities of discontinued operations		4.1			—			55.6			—			59.7
Total Current Liabilities		221.5			248.3			210.9			(8.8	)		671.9
Intercompany Notes and Interest		91.7			15.1			88.8			(195.6	)		—
Long-term Debt		2,172.5			—			—			—			2,172.5
Deferred Income Taxes		—			325.4			2.1			(46.5	)		281.0
Other Liabilities		97.6			2.4			29.1			—			129.1
Noncurrent Liabilities of Discontinued Operations		96.0			—			402.4			(38.9	)		459.5
Total Liabilities		2,679.3			591.2			733.3			(289.8	)		3,714.0
Shareholders' Equity
Common stock		.6			—			—			—			.6
Other shareholders' equity		2,564.6			2,523.7			2,621.2			(5,144.9	)		2,564.6
Total Shareholders' Equity		2,565.2			2,523.7			2,621.2			(5,144.9	)		2,565.2
Total Liabilities and Shareholders' Equity	$	5,244.5		$	3,114.9		$	3,354.5		$	(5,434.7	)	$	6,279.2

	September 30, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Restated)			(Restated)			(Restated)			(Restated)
Assets
Current Assets
Cash and cash equivalents	$	.6		$	.3		$	28.4		$	—		$	29.3
Marketable securities		10.0			—			—			—			10.0
Investment in Ralcorp Receivables Corporation		180.0			—			—			(42.2	)		137.8
Receivables, net		60.5			90.9			165.6			(142.3	)		174.7
Inventories		67.6			265.2			21.9			—			354.7
Deferred income taxes		2.1			5.7			—			(.8	)		7.0
Prepaid expenses and other current assets		17.4			8.1			3.0			—			28.5
Current assets of discontinued operations		—			—			135.0			—			135.0
Total Current Assets		338.2			370.2			353.9			(185.3	)		877.0
Intercompany Notes and Interest		—			20.8			98.1			(118.9	)		—
Investment in Subsidiaries		5,303.8			345.5			—			(5,649.3	)		—
Deferred Income Taxes		40.7			—			—			(40.7	)		—
Property		242.9			926.7			154.8			—			1,324.4
Accumulated Depreciation		(165.7	)		(360.5	)		(25.1	)		—			(551.3	)
Goodwill		—			1,057.0			94.6			—			1,151.6
Other Intangible Assets		57.5			852.1			72.0			—			981.6
Accumulated Amortization		(34.9	)		(109.3	)		(10.3	)		—			(154.5	)
Other Assets		34.8			1.0			.1			—			35.9
Noncurrent Assets of Discontinued Operations		33.7			—			3,139.9			(33.4	)		3,140.2
Total Assets	$	5,851.0		$	3,103.5		$	3,878.0		$	(6,027.6	)	$	6,804.9
Liabilities and Shareholders' Equity
Current Liabilities
Accounts payable	$	64.3		$	147.8		$	35.8		$	(4.5	)	$	243.4
Deferred income taxes		—			—			.8			(.8	)		—
Other current liabilities		245.7			65.5			12.2			—			323.4
Current liabilities of discontinued operations		3.2			—			57.1			—			60.3
Total Current Liabilities		313.2			213.3			105.9			(5.3	)		627.1
Intercompany Notes and Interest		83.0			15.1			20.8			(118.9	)		—
Long-term Debt		2,464.9			—			—			—			2,464.9
Deferred Income Taxes		—			291.4			1.1			(40.7	)		251.8
Other Liabilities		79.4			6.3			22.2			—			107.9
Noncurrent Liabilities of Discontinued Operations		81.3			—			476.1			(33.4	)		524.0
Total Liabilities		3,021.8			526.1			626.1			(198.3	)		3,975.7
Shareholders' Equity
Common stock		.6			—			—			—			.6
Other shareholders' equity		2,828.6			2,577.4			3,251.9			(5,829.3	)		2,828.6
Total Shareholders' Equity		2,829.2			2,577.4			3,251.9			(5,829.3	)		2,829.2
Total Liabilities and Shareholders' Equity	$	5,851.0		$	3,103.5		$	3,878.0		$	(6,027.6	)	$	6,804.9

Condensed Consolidating Statements of Cash Flows

	Year Ended September 30, 2011
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Restated)			(Restated)			(Restated)			(Restated)
Cash Flows from Operating Activities
Net Cash Provided (Used) by Operating Activities - Continuing Operations	$	197.1		$	356.4		$	(23.7	)	$	(209.4	)	$	320.4
Net Cash Provided by Operating Activities - Discontinued Operations		10.6			—			170.6			4.1			185.3
Net Cash Provided by Operating Activities		207.7			356.4			146.9			(205.3	)		505.7
Cash Flows from Investing Activities
Additions to property and intangible assets		(19.9	)		(102.2	)		(4.3	)		—			(126.4	)
Proceeds from sale of property		—			.5			—			—			.5
Purchases of securities		(21.6	)		—			—			—			(21.6	)
Proceeds from sale or maturity of securities		23.4			—			—			—			23.4
Payments for equity contributions		(16.3	)		—			—			16.3			—
Proceeds from equity distributions		43.0			—			—			(43.0	)		—
Payments for intercompany lending		—			—			(130.0	)		130.0			—
Receipt of intercompany loan repayments		—			—			113.5			(113.5	)		—
Net Cash Provided (Used) by Investing Activities - Continuing Operations		8.6			(101.7	)		(20.8	)		(10.2	)		(124.1	)
Net Cash Provided (Used) by Investing Activities - Discontinued Operations		215.1			—			(14.7	)		(215.1	)		(14.7	)
Net Cash Provided (Used) by Investing Activities		223.7			(101.7	)		(35.5	)		(225.3	)		(138.8	)
Cash Flows from Financing Activities
Repayments of long-term debt		(49.7	)		—			—			—			(49.7	)
Net (repayments) borrowings under credit arrangements		(403.5	)		—			105.0			—			(298.5	)
Purchase of treasury stock		(1.5	)		—			—			—			(1.5	)
Proceeds and tax benefits from exercise of stock awards		13.5			—			—			—			13.5
Changes in book cash overdrafts		3.1			(14.1	)		2.8			—			(8.2	)
Proceeds from equity contributions		—			.6			15.7			(16.3	)		—
Payments for equity distributions		—			(241.4	)		(3.6	)		245.0			—
Proceeds from intercompany borrowing		122.1			—			7.9			(130.0	)		—
Repayments of intercompany loans		(113.5	)		—			—			113.5			—
Other, net		—			(.1	)		—			—			(.1	)
Net Cash (Used) Provided by Financing Activities - Continuing Operations		(429.5	)		(255.0	)		127.8			212.2			(344.5	)
Net Cash Used by Financing Activities - Discontinued Operations		—			—			(215.1	)		215.1			—
Net Cash Used by Financing Activities		(429.5	)		(255.0	)		(87.3	)		427.3			(344.5	)
Effect of Exchange Rate Changes on Cash		—			—			(1.7	)		—			(1.7	)
Net Increase (Decrease) in Cash and Cash Equivalents		1.9			(.3	)		22.4			(3.3	)		20.7
Cash and Cash Equivalents, Beginning of Period		.6			.3			28.4			—			29.3
Cash and Cash Equivalents, End of Period	$	2.5		$	—		$	50.8		$	(3.3	)	$	50.0

	Year Ended September 30, 2010
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Restated)			(Restated)			(Restated)			(Restated)
Cash Flows from Operating Activities
Net Cash Provided by Operating Activities - Continuing Operations	$	26.5		$	252.3		$	29.3		$	(187.4	)	$	120.7
Net Cash Provided by Operating Activities - Discontinued Operations		138.3			—			169.8			(126.9	)		181.2
Net Cash Provided by Operating Activities		164.8			252.3			199.1			(314.3	)		301.9
Cash Flows from Investing Activities
Business acquisitions, net of cash acquired		—			(1,319.1	)		7.1			—			(1,312.0	)
Additions to property and intangible assets		(23.2	)		(71.9	)		(9.6	)		—			(104.7	)
Proceeds from sale of property		—			.4			.1			—			.5
Purchases of securities		(22.8	)		—			—			—			(22.8	)
Proceeds from sale or maturity of securities		24.8			—			—			—			24.8
Payments for equity contributions		(1,365.6	)		(25.5	)		—			1,391.1			—
Proceeds from equity distributions		40.9			—			—			(40.9	)		—
Payments for intercompany lending		—			—			(96.3	)		96.3			—
Receipt of intercompany loan repayments		—			12.4			58.9			(71.3	)		—
Net Cash Used by Investing Activities - Continuing Operations		(1,345.9	)		(1,403.7	)		(39.8	)		1,375.2			(1,414.2	)
Net Cash Provided (Used) by Investing Activities - Discontinued Operations		14.0			—			(24.2	)		(14.0	)		(24.2	)
Net Cash Used by Investing Activities		(1,331.9	)		(1,403.7	)		(64.0	)		1,361.2			(1,438.4	)
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt		653.2			—			—			—			653.2
Repayments of long-term debt		(95.3	)		—			—			—			(95.3	)
Net borrowings under credit arrangements		423.4			—			—			—			423.4
Purchase of treasury stock		(115.5	)		—			—			—			(115.5	)
Proceeds and tax benefits from exercise of stock awards		9.4			—			—			—			9.4
Changes in book cash overdrafts		(8.4	)		13.4			1.5			—			6.5
Proceeds from equity contributions		—			1,352.5			38.7			(1,391.2	)		—
Payments for equity distributions		—			(214.2	)		(9.7	)		223.9			—
Proceeds from intercompany borrowing		96.3			—			—			(96.3	)		—
Repayments of intercompany loans		(58.9	)		—			(12.4	)		71.3			—
Other, net		—			(.2	)		—			—			(.2	)
Net Cash Provided by Financing Activities - Continuing Operations		904.2			1,151.5			18.1			(1,192.3	)		881.5
Net Cash Used by Financing Activities - Discontinued Operations		—			—			(145.4	)		145.4			—
Net Cash Provided by Financing Activities		904.2			1,151.5			(127.3	)		(1,046.9	)		881.5
Effect of Exchange Rate Changes on Cash		—			—			1.5			—			1.5
Net (Decrease) Increase in Cash and Cash Equivalents		(262.9	)		.1			9.3			—			(253.5	)
Cash and Cash Equivalents, Beginning of Period		263.5			.2			19.1			—			282.8
Cash and Cash Equivalents, End of Period	$	.6		$	.3		$	28.4		$	—		$	29.3

	Year Ended September 30, 2009
	Parent Company			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(Restated)			(Restated)			(Restated)			(Restated)
Cash Flows from Operating Activities
Net Cash Provided (Used) by Operating Activities - Continuing Operations	$	132.1		$	203.5		$	(51.5	)	$	(248.0	)	$	36.1
Net Cash Provided by Operating Activities - Discontinued Operations		145.3			—			283.1			(137.8	)		290.6
Net Cash Provided by Operating Activities		277.4			203.5			231.6			(385.8	)		326.7
Cash Flows from Investing Activities
Business acquisitions, net of cash acquired		4.2			(59.2	)		—			—			(55.0	)
Additions to property and intangible assets		(33.2	)		(45.0	)		—			—			(78.2	)
Proceeds from sale of property		—			.1			—			—			.1
Purchase of securities		(16.2	)		—			—			—			(16.2	)
Proceeds from sale or maturity of securities		13.5			82.4			—			—			95.9
Payments for equity contributions		(72.0	)		—			—			72.0			—
Proceeds from equity distributions		24.0			—			—			(24.0	)		—
Payments for intercompany lending		—			—			(97.9	)		97.9			—
Receipt of intercompany loan repayments		2.6			—			155.2			(157.8	)		—
Net Cash (Used) Provided by Investing Activities - Continuing Operations		(77.1	)		(21.7	)		57.3			(11.9	)		(53.4	)
Net Cash Provided (Used) by Investing Activities - Discontinued Operations		88.7			—			(36.8	)		(88.7	)		(36.8	)
Net Cash Provided (Used) by Investing Activities		11.6			(21.7	)		20.5			(100.6	)		(90.2	)
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt		400.0			—			—			—			400.0
Repayment of long-term debt		(389.7	)		—			—			—			(389.7	)
Net repayments under credit arrangements		(22.1	)		—			—			—			(22.1	)
Proceeds and tax benefits from exercise of stock awards		15.2			—			—			—			15.2
Change in book cash overdrafts		23.4			5.1			(.7	)		—			27.8
Proceeds from equity contributions		—			62.4			9.6			(72.0	)		—
Payments for equity distributions		—			(249.7	)		(2.5	)		252.2			—
Proceeds from intercompany borrowing		97.9			—			—			(97.9	)		—
Repayments of intercompany loans		(155.2	)		—			(2.6	)		157.8			—
Other, net		(1.0	)		(.3	)		—			—			(1.3	)
Net Cash (Used) Provided by Financing Activities - Continuing Operations		(31.5	)		(182.5	)		3.8			240.1			29.9
Net Cash Used by Financing Activities - Discontinued Operations		—			—			(246.3	)		246.3			—
Net Cash (Used) Provided by Financing Activities		(31.5	)		(182.5	)		(242.5	)		486.4			29.9
Effect of exchange rate changes on cash		—			—			2.3			—			2.3
Net Increase (Decrease) in Cash and Cash Equivalents		257.5			(.7	)		11.9			—			268.7
Cash and Cash Equivalents, Beginning of Year		6.0			.9			7.2			—			14.1
Cash and Cash Equivalents, End of Year	$	263.5		$	.2		$	19.1		$	—		$	282.8