Acquisition Of Assets

6 Months Ended

Jul. 01, 2011

Acquisition Of Assets

Acquisition Of Assets

9. Acquisition of Assets

On June 28, 2011, the Company acquired the BATISTE dry shampoo brand from Vivalis, Limited ("Batiste Acquisition") for cash consideration of $64.8 million. The Company paid for the acquisition from available cash. BATISTE annual sales are approximately $20.0 million. The BATISTE brand will be managed principally within the Consumer International segment. The preliminary fair values of the assets acquired are as follows:

(In millions)	Fair Value of Assets Acquired
Inventory	$	1.0
Tradenames and other intangibles		53.1
Goodwill		10.7
Total Assets		64.8
Liabilities		0.0
Purchase Price	$	64.8

Pro forma results reflecting the Batiste Acquisition are not presented because they would not have a material effect on the Company's consolidated financial results.