Acquisitions (Tables)

12 Months Ended

Dec. 31, 2013

Preliminary Allocation of Purchase Price to Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to estimated fair values of assets acquired and liabilities assumed as of the date of the acquisition. This allocation is expected to change after asset and liability valuations are finalized.

(In millions)
Accounts receivable	$	41.4
Inventories		25.4
Property, plant and equipment		29.6
Goodwill		142.3
Identifiable intangible assets		89.4
Other assets		8.9
Total assets		337.0
Other current liabilities and accruals		35.0
Net assets acquired	$	302.0

Proforma Consolidated Financial Information

The following unaudited pro forma summary presents consolidated financial information as if WoodCrafters had been acquired on January 1, 2012. The unaudited pro forma financial information is based on historical results of operations and financial position of the Company and WoodCrafters. The pro forma results include adjustments for the impact of a preliminary allocation of the purchase price and interest expense associated with debt that would have been incurred in connection with the acquisition. The unaudited pro forma financial information does not necessarily represent the results that would have occurred had the acquisition occurred on January 1, 2012. In addition, the unaudited pro forma information should not be deemed to be indicative of future results.

(In millions)	2013		2012
Net sales	$	4,264.8	$	3,771.0
Net income attributable to Home & Security		240.8		126.6
Basic earnings per common share	$	1.45	$	0.79
Diluted earnings per common share	$	1.41	$	0.76