Supplemental Guarantor and Parent Company Condensed Financial Information (Tables)

3 Months Ended

6 Months Ended

12 Months Ended

Jul. 01, 2011

Jul. 02, 2010

Jul. 01, 2011

Jul. 02, 2010

Dec. 31, 2010

Supplemental Guarantor and Parent Company Condensed Financial Information

Condensed Statements of Operations

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	554.0		$	978.2		$	—		$	1,532.2
Intercompany		13.6			—			11.9			(25.5	)		—
		13.6			554.0			990.1			(25.5	)		1,532.2
Cost of sales		—			479.8			889.7			(11.9	)		1,357.6
Gross profit		13.6			74.2			100.4			(13.6	)		174.6
Selling, general and administrative expenses		10.7			36.6			61.1			(13.6	)		94.8
Operating income		2.9			37.6			39.3			—			79.8
Other income (expense)		—			(0.4	)		(3.5	)		—			(3.9	)
Interest income (expense):
Interest expense		(15.6	)		(17.9	)		(10.6	)		20.5			(23.6	)
Interest income		17.3			3.1			2.1			(20.5	)		2.0
		1.7			(14.8	)		(8.5	)		—			(21.6	)
Income (loss) before income taxes		4.6			22.4			27.3			—			54.3
Income tax provision		(1.7	)		(10.6	)		(4.9	)		—			(17.2	)
Equity in net income of subsidiaries		34.7			22.9			—			(56.6	)		1.0
Net income including non-controlling interest		37.6			34.7			22.4			(56.6	)		38.1
Less: preferred stock dividends		0.1			—			—			—			0.1
Less: net income attributable to non-controlling interest		—			—			0.5			—			0.5
Net income applicable to Company common shareholders	$	37.5		$	34.7		$	21.9		$	(56.6	)	$	37.5

		00000000			00000000			00000000			00000000			00000000
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	-		$	435.2		$	773.4		$	-		$	1,208.6
Intercompany		13.0			-			17.7			(30.7	)		-
		13.0			435.2			791.1			(30.7	)		1,208.6
Cost of sales		-			377.8			703.8			(17.7	)		1,063.9
Gross profit		13.0			57.4			87.3			(13.0	)		144.7
Selling, general and administrative expenses		10.3			35.3			52.3			(13.0	)		84.9
Operating income		2.7			22.1			35.0			-			59.8
Other expense		-			(2.1	)		(0.9	)		-			(3.0	)
Interest income (expense):
Interest expense		(15.3	)		(21.3	)		(5.6	)		23.4			(18.8	)
Interest income		20.8			2.5			1.2			(23.4	)		1.1
		5.5			(18.8	)		(4.4	)		-			(17.7	)
Income before income taxes		8.2			1.2			29.7			-			39.1
Income tax provision		(3.1	)		(1.7	)		(9.3	)		-			(14.1	)
Equity in net income of subsidiaries		18.8			19.3			(0.1	)		(37.7	)		0.3
Net income including non-controlling interest		23.9			18.8			20.3			(37.7	)		25.3
Less: preferred stock dividends		0.1			-			-			-			0.1
Less: net income attributable to non-controlling interest		-			-			1.4			-			1.4
Net income attributable to Company common shareholders	$	23.8		$	18.8		$	18.9		$	(37.7	)	$	23.8

	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	—		$	1,082.4		$	1,897.4		$	—		$	2,979.8
Intercompany		27.8			—			23.0			(50.8	)		—
		27.8			1,082.4			1,920.4			(50.8	)		2,979.8
Cost of sales		—			938.7			1,722.5			(23.0	)		2,638.2
Gross profit		27.8			143.7			197.9			(27.8	)		341.6
Selling, general and administrative expenses		22.0			74.1			120.4			(27.8	)		188.7
Operating income		5.8			69.6			77.5			—			152.9
Other income (expense)		—			0.6			2.5			—			3.1
Interest income (expense):
Interest expense		(31.3	)		(38.0	)		(21.3	)		43.0			(47.6	)
Interest income		36.8			6.0			4.2			(43.0	)		4.0
		5.5			(32.0	)		(17.1	)		—			(43.6	)
Income (loss) before income taxes		11.3			38.2			62.9			—			112.4
Income tax provision		(4.2	)		(18.2	)		(14.2	)		—			(36.6	)
Equity in net income of subsidiaries		68.8			48.8			—			(116.2	)		1.4
Net income including non-controlling interest		75.9			68.8			48.7			(116.2	)		77.2
Less: preferred stock dividends		0.2			—			—			—			0.2
Less: net income attributable to non-controlling interest		—			—			1.3			—			1.3
Net income applicable to Company common shareholders	$	75.7		$	68.8		$	47.4		$	(116.2	)	$	75.7

		00000000			00000000			00000000			00000000			00000000
	Parent Company			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Total
Net sales:
Customers	$	-		$	833.6		$	1,473.0		$	-		$	2,306.6
Intercompany		25.0			0.3			32.7			(58.0	)		-
		25.0			833.9			1,505.7			(58.0	)		2,306.6
Cost of sales		-			717.4			1,339.9			(33.0	)		2,024.3
Gross profit		25.0			116.5			165.8			(25.0	)		282.3
Selling, general and administrative expenses		19.4			70.2			100.6			(25.0	)		165.2
Operating income		5.6			46.3			65.2			-			117.1
Other expense		-			(1.9	)		(37.6	)		-			(39.5	)
Interest income (expense):
Interest expense		(30.6	)		(42.0	)		(11.4	)		46.2			(37.8	)
Interest income		40.8			5.3			2.3			(46.2	)		2.2
		10.2			(36.7	)		(9.1	)		-			(35.6	)
Income before income taxes		15.8			7.7			18.5			-			42.0
Income tax provision		(5.9	)		(2.0	)		(14.5	)		-			(22.4	)
Equity in net income of subsidiaries		6.3			0.6			-			(6.3	)		0.6
Net income including non-controlling interest		16.2			6.3			4.0			(6.3	)		20.2
Less: preferred stock dividends		0.2			-			-			-			0.2
Less: net income attributable to non-controlling interest		-			-			4.0			-			4.0
Net income attributable to Company common shareholders	$	16.0		$	6.3		$	-		$	(6.3	)	$	16.0

Condensed Balance Sheets

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash	$	0.1		$	7.9		$	414.0	$	—		$	422.0
Receivables, net of allowances		—			314.4			960.6		—			1,275.0
Inventories		—			452.6			933.3		—			1,385.9
Deferred income taxes		(0.1	)		26.4			26.4		—			52.7
Prepaid expenses and other		1.8			36.2			92.9		—			130.9
Total current assets		1.8			837.5			2,427.2		—			3,266.5
Property, plant and equipment, net		0.5			189.2			896.7		—			1,086.4
Deferred income taxes		—			1.2			15.5		—			16.7
Intercompany accounts		1,223.4			429.7			29.7		(1,682.8	)		—
Investment in subsidiaries		1,317.0			1,454.5			—		(2,771.5	)		—
Goodwill		—			0.8			172.3		—			173.1
Intangible assets, net		—			3.6			189.2		—			192.8
Unconsolidated affiliated companies		—			12.8			6.1		—			18.9
Other non-current assets		9.1			22.1			46.1		—			77.3
Total assets	$	2,551.8		$	2,951.4		$	3,782.8	$	(4,454.3	)	$	4,831.7
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	—		$	137.1		$	968.5	$	—		$	1,105.6
Accrued liabilities		3.2			113.3			311.0		—			427.5
Current portion of long-term debt		—			—			211.7		—			211.7
Total current liabilities		3.2			250.4			1,491.2		—			1,744.8
Long-term debt		813.1			42.0			52.3		—			907.4
Deferred income taxes		124.3			(16.7	)		99.4		—			207.0
Intercompany accounts		—			1,253.1			429.7		(1,682.8	)		—
Other liabilities		0.1			105.6			134.6		—			240.3
Total liabilities		940.7			1,634.4			2,207.2		(1,682.8	)		3,099.5
Total shareholders' equity (deficit)		1,611.1			1,317.0			1,454.5		(2,771.5	)		1,611.1
Non-controlling interest		—			—			121.1		—			121.1
Total liabilities and equity	$	2,551.8		$	2,951.4		$	3,782.8	$	(4,454.3	)	$	4,831.7

		0000000000		0000000000			0000000000		0000000000			0000000000
	Parent		Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Total
Assets
Current assets:
Cash	$	29.0	$	8.0		$	421.7	$	-		$	458.7
Receivables, net of allowances		-		249.7			817.3		-			1,067.0
Inventories, net		-		380.8			738.1		-			1,118.9
Deferred income taxes		-		26.5			13.3		-			39.8
Prepaid expenses and other		1.8		38.3			81.2		-			121.3
Total current assets		30.8		703.3			2,071.6		-			2,805.7
Property, plant and equipment, net		0.4		194.8			844.4		-			1,039.6
Deferred income taxes		-		1.1			10.2		-			11.3
Intercompany accounts		1,169.7		368.0			22.4		(1,560.1	)		-
Investment in subsidiaries		1,202.5		1,361.5			-		(2,564.0	)		-
Goodwill		-		0.8			174.1		-			174.9
Intangible assets, net		-		3.7			195.9		-			199.6
Unconsolidated affiliated companies		-		11.2			6.1		-			17.3
Other non-current assets		10.0		21.6			47.7		-			79.3
Total assets	$	2,413.4	$	2,666.0		$	3,372.4	$	(4,124.1	)	$	4,327.7
Liabilities and Total Equity
Current liabilities:
Accounts payable	$	-	$	110.6		$	811.9	$	-		$	922.5
Accrued liabilities		3.9		103.8			269.0		-			376.7
Current portion of long-term debt		-		-			121.0		-			121.0
Total current liabilities		3.9		214.4			1,201.9		-			1,420.2
Long-term debt		802.9		-			61.6		-			864.5
Deferred income taxes		124.3		(16.7	)		94.8		-			202.4
Intercompany accounts		-		1,161.6			398.5		(1,560.1	)		-
Other liabilities		0.3		104.2			130.8		-			235.3
Total liabilities		931.4		1,463.5			1,887.6		(1,560.1	)		2,722.4
Total Company shareholders' equity		1,482.0		1,202.5			1,361.5		(2,564.0	)		1,482.0
Non-controlling interest		-		-			123.3		-			123.3
Total liabilities and equity	$	2,413.4	$	2,666.0		$	3,372.4	$	(4,124.1	)	$	4,327.7

Condensed Statements of Cash Flows

	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	19.3		$	(20.1	)	$	(81.7	)	$	—	$	(82.5	)
Cash flows of investing activities:
Capital expenditures		(0.2	)		(9.2	)		(46.1	)		—		(55.5	)
Proceeds from properties sold		—			0.1			2.7			—		2.8
Acquisitions, net of cash acquired		—			—			—			—		—
Other		—			(16.8	)		17.6			—		0.8
Net cash flows of investing activities		(0.2	)		(25.9	)		(25.8	)		—		(51.9	)
Cash flows of financing activities:
Preferred stock dividends paid		(0.2	)		—			—			—		(0.2	)
Excess tax benefits from stock-based compensation		0.7			—			—			—		0.7
Intercompany accounts		(49.2	)		3.6			45.6			—		—
Proceeds from revolving credit borrowings		—			484.6			—			—		484.6
Repayments of revolving credit borrowings		—			(442.5	)		—			—		(442.5	)
Proceeds (repayments) of other debt		—			—			70.2			—		70.2
Dividends paid to non-controlling interest		—			—			(2.8	)		—		(2.8	)
Proceeds from exercise of stock options		0.7			—			—			—		0.7
Net cash flows of financing activities		(48.0	)		45.7			113.0			—		110.7
Effect of exchange rate changes on cash and cash equivalents		—			0.2			(13.2	)		—		(13.0	)
Increase (decrease) in cash and cash equivalents		(28.9	)		(0.1	)		(7.7	)		—		(36.7	)
Cash and cash equivalents – beginning of period		29.0			8.0			421.7			—		458.7
Cash and cash equivalents – end of period	$	0.1		$	7.9		$	414.0		$	—	$	422.0

		00000000			00000000			00000000			00000000		00000000
	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Total
Net cash flows of operating activities	$	28.0		$	(119.7	)	$	(31.0	)	$	-	$	(122.7	)
Cash flows of investing activities:
Capital expenditures		-			(7.0	)		(42.8	)		-		(49.8	)
Proceeds from properties sold		-			0.1			3.3			-		3.4
Acquisitions, net of cash acquired		-			(5.8	)		(3.3	)		-		(9.1	)
Other, net		-			(8.4	)		6.2			-		(2.2	)
Net cash flows of investing activities		-			(21.1	)		(36.6	)		-		(57.7	)
Cash flows of financing activities:
Preferred stock dividends paid		(0.2	)		-			-			-		(0.2	)
Excess tax benefits from stock-based compensation		0.2			-			-			-		0.2
Intercompany accounts		(50.8	)		127.9			(77.1	)		-		-
Proceeds from revolving credit borrowings		-			11.1			-			-		11.1
Proceeds (repayments) of other debt		-			(0.1	)		56.2			-		56.1
Dividends paid to non-controlling interest		-			-			(3.3	)		-		(3.3	)
Proceeds from the exercise of stock options		0.2			-			-			-		0.2
Net cash flows of financing activities		(50.6	)		138.9			(24.2	)		-		64.1
Effect of exchange rate changes on cash and cash equivalents		-			1.2			(34.0	)		-		(32.8	)
Increase (decrease) in cash and cash equivalents		(22.6	)		(0.7	)		(125.8	)		-		(149.1	)
Cash and cash equivalents – beginning of period		22.7			10.2			466.5			-		499.4
Cash and cash equivalents – end of period	$	0.1		$	9.5		$	340.7		$	-	$	350.3

Intercompany cash and non-cash transactions

(in millions)	July 1, 2011			December 31, 2010
Beginning Balance	$	1,169.7		$	1,091.5
Non-cash transactions
Deferred tax		—			30.5
Equity based awards		6.0			9.0
Foreign currency and other		(1.5	)		0.7
Cash transactions		49.2			38.0
Ending Balance	$	1,223.4		$	1,169.7

Parent Company long-term financing arrangements

		0000000			0000000
(in millions)	July 1, 2011			December 31, 2010
Subordinated Convertible Notes due 2029	$	429.5		$	429.5
Debt discount on Subordinated Convertible Notes due 2029		(265.0	)		(265.6	)
1.00% Senior Convertible Notes due 2012		10.6			10.6
Debt discount on 1.00% Senior Convertible Notes due 2012		(0.8	)		(1.1	)
0.875% Convertible Notes due 2013		355.0			355.0
Debt discount on 0.875% Convertible Notes due 2013		(50.2	)		(59.5	)
7.125% Senior Notes due 2017		200.0			200.0
Senior Floating Rate Notes		125.0			125.0
Other		9.0			9.0
Total Parent Company debt		813.1			802.9
Less current maturities		-			-
Parent Company Long-term debt	$	813.1		$	802.9