ACCOUNTS RECEIVABLE

3 Months Ended

Apr. 06, 2013

ACCOUNTS RECEIVABLE [Abstract]

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE

Accounts receivable consist of the following:

(In millions)		April 6, 2013		March 31, 2012				December 31, 2012
Trade accounts receivable	$	482.8			$	495.0			$	408.4
Allowances for doubtful accounts, returns, discounts and co-op advertising		(36.6	)			(36.4	)			(27.4	)
	$	446.2			$	458.6			$	381.0

Due to our 25% ownership interest in GRI, GRI is deemed to be a related party.  Included in accounts receivable are amounts due from GRI in the amount of $13.3 million, $26.1 million and $15.6 million at April 6, 2013, March 31, 2012 and December 31, 2012, respectively.  Net revenues from GRI amounted to $13.0 million and $17.9 million for the fiscal quarters ended April 6, 2013 and March 31, 2012, respectively.  On April 23, 2009, we converted $10.0 million of the outstanding GRI accounts receivable to a three-year interest-bearing convertible note.  This note was repaid on April 20, 2012.