10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2011

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission File Number: 001-13665

Jarden Corporation

(Exact name of registrant as specified in its charter)

Delaware	35-1828377
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
555 Theodore Fremd Avenue, Rye, New York	10580
(Address of principal executive offices)	(Zip code)

(914) 967-9400

(Registrant’s telephone number, including area code)

None

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation ST (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class	Outstanding at October 24, 2011
Common Stock, par value $0.01 per share	90,799,000 shares

JARDEN CORPORATION

QUARTERLY REPORT ON FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2011

INDEX

		Page Number
PART I.	FINANCIAL INFORMATION:
Item 1.	Financial Statements (unaudited):
	Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2011 and 2010		3
	Condensed Consolidated Balance Sheets at September 30, 2011 and December 31, 2010		4
	Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2011 and 2010		5
	Notes to Condensed Consolidated Financial Statements		6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		24
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		32
Item 4.	Controls and Procedures		32
PART II.	OTHER INFORMATION:
Item 1.	Legal Proceedings		33
Item 1A.	Risk Factors		33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		33
Item 6.	Exhibits		35
Signatures			36
Exhibit Index			37

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In millions, except per share amounts)

	Three months ended September 30,				Nine months ended September 30,
	2011		2010		2011		2010
Net sales	$	1,784.7	$	1,601.9	$	4,941.9	$	4,338.5
Cost of sales		1,267.7		1,144.0		3,545.6		3,159.9
Gross profit		517.0		457.9		1,396.3		1,178.6
Selling, general and administrative		326.0		281.1		951.7		892.8
Reorganization costs		6.2		—		6.2		—
Impairment of goodwill and intangibles		—		0.7		—		19.0
Operating earnings		184.8		176.1		438.4		266.8
Interest expense, net		43.7		46.2		134.8		130.3
Loss on early extinguishment of debt		—		—		12.8		—
Income before taxes		141.1		129.9		290.8		136.5
Income tax provision		50.4		49.3		107.2		76.5
Net income	$	90.7	$	80.6	$	183.6	$	60.0
Earnings per share:
Basic	$	1.03	$	0.91	$	2.08	$	0.67
Diluted	$	1.03	$	0.90	$	2.06	$	0.67
Weighted average shares outstanding:
Basic		87.7		88.9		88.4		89.1
Diluted		88.2		89.6		88.9		89.9

See accompanying notes to condensed consolidated financial statements.

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JARDEN CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(In millions, except per share amounts)

	September 30, 2011			December 31, 2010
Assets
Cash and cash equivalents	$	446.3		$	695.4
Accounts receivable, net of allowances of $79.9 and $64.7 at September 30, 2011 and December 31, 2010, respectively		1,188.6			1,067.7
Inventories		1,569.2			1,294.6
Deferred taxes on income		126.4			166.5
Prepaid expenses and other current assets		185.9			146.6
Total current assets		3,516.4			3,370.8
Property, plant and equipment, net		618.9			658.9
Goodwill		1,756.8			1,752.4
Intangibles, net		1,169.8			1,182.6
Other assets		127.2			128.3
Total assets	$	7,189.1		$	7,093.0
Liabilities
Short-term debt and current portion of long-term debt	$	162.9		$	434.6
Accounts payable		641.1			573.3
Accrued salaries, wages and employee benefits		162.5			180.2
Taxes on income		28.8			27.9
Other current liabilities		478.7			461.2
Total current liabilities		1,474.0			1,677.2
Long-term debt		3,016.7			2,806.0
Deferred taxes on income		462.5			458.7
Other non-current liabilities		324.4			330.6
Total liabilities		5,277.6			5,272.5
Commitments and contingencies (see Note 10)		—			—
Stockholders’ equity:
Preferred stock ($0.01 par value, 5.0 shares authorized, no shares issued at September 30, 2011 and December 31, 2010)		—			—
Common stock ($0.01 par value, 300 and 150 shares authorized at September 30, 2011 and December 31, 2010, respectively, 92.7 shares issued at September 30, 2011 and December 31, 2010)		0.9			0.9
Additional paid-in capital		1,418.7			1,450.2
Retained earnings		581.2			421.0
Accumulated other comprehensive income (loss)		(33.6	)		(24.8	)
Less: Treasury stock (1.9 and 0.9 shares, at cost, at September 30, 2011 and December 31, 2010, respectively)		(55.7	)		(26.8	)
Total stockholders’ equity		1,911.5			1,820.5
Total liabilities and stockholders’ equity	$	7,189.1		$	7,093.0

See accompanying notes to condensed consolidated financial statements.

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JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In millions)

	Nine months ended September 30,
	2011			2010
Cash flows from operating activities:
Net income	$	183.6		$	60.0
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization		121.7			103.0
Impairment of goodwill and intangibles		—			19.0
Venezuela hyperinflationary and devaluation charges		—			78.1
Loss on early extinguishment of debt		12.8			—
Other non-cash items		84.7			49.6
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable		(129.5	)		(135.1	)
Inventory		(288.6	)		(291.0	)
Accounts payable		66.3			124.3
Other assets and liabilities		(26.5	)		6.3
Net cash provided by operating activities		24.5			14.2
Cash flows from financing activities:
Net change in short-term debt		2.7			59.1
Proceeds from issuance of long-term debt		1,025.0			486.1
Payments on long-term debt		(1,102.8	)		(258.2	)
Proceeds from issuance of stock, net of transaction fees		4.9			4.0
Repurchase of common stock and shares tendered for taxes		(89.0	)		(37.2	)
Dividends paid		(22.6	)		(21.4	)
Debt issuance costs		(12.3	)		(17.7	)
Other		7.1			(5.0	)
Net cash provided by (used in) financing activities		(187.0	)		209.7
Cash flows from investing activities:
Additions to property, plant and equipment		(79.4	)		(95.6	)
Acquisition of businesses, net of cash acquired and earnout payments		(13.4	)		(489.5	)
Other		4.8			9.8
Net cash used in investing activities		(88.0	)		(575.3	)
Effect of exchange rate changes on cash and cash equivalents		1.4			(19.9	)
Net decrease in cash and cash equivalents		(249.1	)		(371.3	)
Cash and cash equivalents at beginning of period		695.4			827.4
Cash and cash equivalents at end of period	$	446.3		$	456.1

See accompanying notes to condensed consolidated financial statements.

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JARDEN CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Dollars in millions, except per share data and unless otherwise indicated)

(Unaudited)

1. Basis of Presentation and Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated interim financial statements of Jarden Corporation and its subsidiaries (hereinafter referred to as the “Company” or “Jarden”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements reflect all adjustments that are, in the opinion of management, normal and recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at December 31, 2010 has been derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company’s latest Annual Report on Form 10-K for the fiscal year ended December 31, 2010.

Supplemental Information

Stock-based compensation costs, which are included in selling, general and administrative expenses (“SG&A”), were $3.2 and $4.9 for the three months ended September 30, 2011 and 2010, respectively, and $22.1 and $25.5 for the nine months ended September 30, 2011 and 2010, respectively.

Interest expense is net of interest income of $2.7 and $1.0 for the three months ended September 30, 2011 and 2010, respectively, and $5.3 and $3.9, for the nine months ended September 30, 2011 and 2010, respectively.

Venezuela Operations

Effective January 1, 2010, the Company’s subsidiaries operating in Venezuela are considered under GAAP to be operating in a highly inflationary economy based on the use of the blended National Consumer Price Index (a blend of the National Consumer Price Index subsequent to January 1, 2008 and the Consumer Price Index for Caracas and Maracaibo prior to January 1, 2008), as the Venezuela economy exceeded the three year cumulative inflation rate of 100%. The Company’s financial statements of its subsidiaries operating in Venezuela are remeasured as if their functional currency were the U.S. dollar. As such, gains and losses resulting from the remeasurement of monetary assets and liabilities are reflected in current earnings.

In January 2010, the Venezuelan government announced its intention to devalue its currency (Bolivar) relative to the U.S. dollar. The official exchange rate for imported goods classified as essential, such as food and medicine, changed from 2.15 to 2.60 Bolivars per U.S. dollar, while payments for other non-essential goods moved to an official exchange rate of 4.30 Bolivars per U.S. dollar. As such, beginning in 2010, the financial statements of the Company’s subsidiaries operating in Venezuela are remeasured at and are reflected in the Company’s consolidated financial statements at the official exchange rate of 4.30, which is the Company’s expected settlement rate.

As a result of the change in the official exchange rate, the results of operations for the nine months ended September 30, 2010 include a non-cash charge of $21.5, primarily reflecting the write-down of monetary assets as of January 1, 2010. This charge is classified in SG&A.

In March 2010, the SEC provided guidance on certain exchange rate issues specific to Venezuela. This SEC guidance, in part, requires that any differences between the amounts reported for financial reporting purposes and actual U.S. dollar-denominated balances that may have existed prior to the application of the highly inflationary accounting requirements (effective January 1, 2010 for the Company) should be recognized in the income statement. As a result of applying this SEC guidance, the results of operations for the nine months ended September 30, 2010 include a non-cash charge of $56.6 classified in SG&A related to remeasuring U.S. dollar-denominated assets at the parallel exchange rate and subsequently translating at the official exchange rate. This SEC guidance was codified by the Financial Accounting Standards Board (the “FASB”) in May 2010, with the issuance of Accounting Standards Update (“ASU”) 2010-19.

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New Accounting Guidance

In September 2011, the FASB issued ASU 2011-08, “Testing Goodwill for Impairment” (“ASU 2011-08”). ASU 2011-08 allows a company to first assess qualitative factors to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. The provisions of ASU 2011-08 are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011 with early adoption permitted. The adoption of the provisions of ASU 2011-08 are not expected to have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

In June 2011, the FASB issued ASU 2011-05, “Presentation of Comprehensive Income” (“ASU 2011-05”). ASU 2011-05 requires companies to present the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The provisions of ASU 2011-05 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Since ASU 2011-05 amends the disclosure requirements concerning comprehensive income, the adoption of ASU 2011-05 will not affect the consolidated financial position, results of operations or cash flows of the Company.

Adoption of New Accounting Guidance

In July 2010, the FASB issued ASU 2010-20, “Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses” (“ASU 2010-20”). ASU 2010-20 requires companies to provide additional disclosures about the credit quality of their financing receivables and the credit reserves held against them. The additional disclosures include, in part, aging of past due receivables, credit quality indicators and the modification of financing receivables. ASU 2010-20 also requires companies to disaggregate new and existing disclosures based on how the allowance for credit losses is developed and credit exposures are managed. Short-term trade accounts receivable and receivables measured at fair value or lower of cost or fair value are exempt from the quantitative disclosure requirements of ASU 2010-20. Since ASU 2010-20, which was effective for the Company beginning in 2011, requires only additional disclosures concerning financing receivables and the allowance for credit losses, the adoption of the provisions of ASU 2010-20 did not affect the consolidated financial position, results of operations or cash flows of the Company.

In January 2010, the FASB issued ASU 2010-06, “Fair Value Measurements and Disclosures” (“ASU 2010-06”). ASU 2010-06 requires companies to provide additional disclosures related to transfers in and out of Level 1 and Level 2 and in the reconciliation of Level 3 fair value measurements. ASU 2010-06 was effective for interim and annual reporting periods beginning on or after December 15, 2009, except for the disclosures related to the reconciliation of Level 3 fair value measurements, which was effective for the Company beginning in 2011. Since ASU 2010-06 requires only additional disclosures, the adoption of ASU 2010-06 did not affect the consolidated financial position, results of operations or cash flows of the Company.

In October 2009, the FASB issued ASU 2009-13, “Revenue Recognition” (“ASU 2009-13”). ASU 2009-13 requires companies to allocate revenue in multiple-element arrangements based on an element’s estimated selling price if vendor-specific or other third-party evidence of value is not available. ASU 2009-13 was effective for the Company beginning in 2011. The adoption of the provisions of ASU 2009-13 did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

2. Acquisitions

On April 1, 2010, the Company acquired the Mapa Spontex Baby Care and Home Care businesses (“Mapa Spontex”) of Total S.A. (“Total”), through the acquisition of certain of Total’s subsidiaries for a Euro purchase price of approximately €200 (approximately $275), subject to certain adjustments (the “Acquisition”). The total value of the transaction, including debt assumed and/or repaid, was approximately €305 (approximately $415). Mapa Spontex is a global manufacturer and distributor of primarily baby care and home care products with leading market positions in Argentina, Brazil and Europe in the core categories it serves. Its baby care portfolio includes feeding bottles, soothers, teats and other infant accessories sold primarily under the Fiona^®, First Essentials^®, Lillo^®, NUK^® and Tigex^® brands; and health care products, including condoms sold under the Billy Boy^® brand. Its home care portfolio includes sponges, rubber gloves and related cleaning products for industrial, professional and retail uses sold primarily under the Mapa^® and Spontex^® brands. Mapa Spontex is reported in the Company’s Branded Consumables segment and is included in the Company’s results of operations from April 1, 2010.

In addition, the Company completed three tuck-in acquisitions during 2010, including the acquisition of Aero Products International, Inc. (“Aero”) on October 1, 2010 and the acquisition of Quickie Manufacturing Corporation (“Quickie”) on December 17, 2010. Aero is a leading provider of premium, air-filled mattresses under brand names including Aero^®, Aerobed^® and Aero Sport^®. The acquisition of Aero is expected to expand distribution channels, as well as expand the Company’s current Coleman product offerings of indoor and outdoor air beds and accessories. Aero is reported in the Company’s Outdoor Solutions segment and is included in the Company’s results of operations from October 1, 2010. Quickie is a leading supplier and distributor of innovative cleaning tools and

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supplies. Quickie designs, manufactures and distributes cleaning products including mops, brooms, dusters, dust pans, brushes, buckets and other supplies, for traditional in-home use, as well as commercial and contractor-grade applications, sold primarily under the leading brands Quickie Original^®, Quickie Home-Pro^®, Quickie Professional^®, Quickie Microban^® and Quickie Green Cleaning^®. Quickie is reported in the Company’s Branded Consumables segment and is included in the Company’s results of operations from December 17, 2010. Additionally, during 2010, the Company completed another tuck-in acquisition. All three tuck-in acquisitions were complementary to the Company’s core businesses and from an accounting standpoint were not significant.

For the nine months ended September 30, 2010, cost of sales includes a $25.3 charge for the purchase accounting adjustment for the elimination of manufacturer’s profit in inventory, primarily related to the Acquisition.

For the nine months ended September 30, 2010, SG&A includes $20.6 in transaction costs related to acquisitions.

3. Inventories

Inventories are comprised of the following at September 30, 2011 and December 31, 2010:

(in millions)	September 30, 2011		December 31, 2010
Raw materials and supplies	$	257.7	$	231.8
Work-in-process		99.0		90.8
Finished goods		1,212.5		972.0
Total inventories	$	1,569.2	$	1,294.6

4. Property, Plant and Equipment

Property, plant and equipment, net, consist of the following at September 30, 2011 and December 31, 2010:

(in millions)	September 30, 2011			December 31, 2010
Land	$	49.1		$	49.6
Buildings		293.0			291.6
Machinery and equipment		1,004.6			973.9
		1,346.7			1,315.1
Less: Accumulated depreciation		(727.8	)		(656.2	)
Total property, plant and equipment, net	$	618.9		$	658.9

Depreciation of property, plant and equipment was $35.6 and $32.8 for the three months ended September 30, 2011 and 2010, respectively, and $107.6 and $90.5 for the nine months ended September 30, 2011 and 2010, respectively.

5. Goodwill and Intangibles

Goodwill activity for the nine months ended September 30, 2011 is as follows:

								September 30, 2011
(in millions)	Net Book Value at December 31, 2010		Additions		Foreign Exchange and Other Adjustments			Gross Carrying Amount		Accumulated Impairment Charges			Net Book Value
Goodwill
Outdoor Solutions	$	684.0	$	2.5	$	0.1		$	705.1	$	(18.5	)	$	686.6
Consumer Solutions		492.6		—		(0.4	)		492.2		—			492.2
Branded Consumables		554.3		4.6		(2.4	)		740.4		(183.9	)		556.5
Process Solutions		21.5		—		—			21.5		—			21.5
	$	1,752.4	$	7.1	$	(2.7	)	$	1,959.2	$	(202.4	)	$	1,756.8

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Intangibles activity for the nine months ended September 30, 2011 is as follows:

(in millions)	Gross Carrying Amount at December 31, 2010		Additions		Accumulated Amortization and Foreign Exchange			Net Book Value at September 30, 2011		Amortization Periods (years)
Intangibles
Patents	$	7.2	$	0.3	$	(2.1	)	$	5.4		12-30
Non-compete agreements		3.7		—		(3.7	)		—		1-5
Manufacturing process and expertise		42.1		—		(32.8	)		9.3		3-7
Brand names		18.3		—		(3.0	)		15.3		4-20
Customer relationships and distributor channels		253.6		—		(39.3	)		214.3		10-35
Trademarks and tradenames		925.4		—		0.1			925.5		indefinite
	$	1,250.3	$	0.3	$	(80.8	)	$	1,169.8

Amortization of intangibles was $4.7 and $3.7 for the three months ended September 30, 2011 and 2010, respectively, and $14.1 and $12.5 for the nine months ended September 30, 2011 and 2010, respectively.

During the nine months ended September 30, 2010, the Company recorded within the Branded Consumables segment a non-cash charge of $17.3 to reflect impairment of goodwill due to a decrease in the fair value of forecasted cash flows, reflecting the deterioration of revenues and margins in this segment’s Arts and Crafts business due to a decline in 2010 of forecasted sales to a major customer; and a non-cash charge of $1.0 to reflect the impairment of certain tradenames within this segment’s Arts and Crafts business due to a decrease in the fair value of forecasted cash flows, reflecting the deterioration of revenues and margins in the business due to a decline in 2010 of forecasted sales to a major customer.

6. Warranty Reserve

The warranty reserve activity for the nine months ended September 30, 2011 is as follows:

(in millions)	2011
Warranty reserve at January 1,	$	86.0
Provision for warranties issued		102.0
Warranty claims paid		(108.3	)
Acquisitions and other adjustments		(0.1	)
Warranty reserve at September 30,	$	79.6

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7. Debt

Debt is comprised of the following at September 30, 2011 and December 31, 2010:

(in millions)	September 30, 2011			December 31, 2010
Senior Secured Credit Facility Term Loans	$	1,009.4		$	1,059.8
8% Senior Notes due 2016 (1)		294.4			293.6
6 1/8% Senior Notes due 2022 (1)		300.0			300.0
7 1/2% Senior Subordinated Notes due 2017 (2)		656.8			639.8
7 1/2% Senior Subordinated Notes due 2020 (2)		474.5			470.2
Securitization Facility due 2014		300.0			300.0
Revolving Credit Facility		—			—
2% Subordinated Note due 2012		99.4			98.4
Non-U.S. borrowings		37.1			62.0
Other		8.0			16.8
Total debt (3)		3,179.6			3,240.6
Less: current portion		(162.9	)		(434.6	)
Total long-term debt	$	3,016.7		$	2,806.0

(1) Collectively, the “Senior Notes.”

(2) Collectively, the “Senior Subordinated Notes.”

(3) At September 30, 2011 and December 31, 2010, the carrying value of total debt approximates fair market value.

On March 31, 2011, the Company completed a new $1.275 billion senior secured credit facility (the “Facility”), which is comprised of:

• a $525 senior secured term loan A facility maturing in March 2016, that bears interest at LIBOR plus a spread of 225 basis points;

• a $500 senior secured term loan B facility maturing in January 2017, which is subject to extension to 2018 under certain conditions, that bears interest at LIBOR plus a spread of 300 basis points; and

• a $250 senior secured revolving credit facility (the “Revolver”), which is comprised of a $175 U.S. dollar component and a $75 multi-currency component. The Revolver matures in March 2016 and bears interest at certain selected rates, including LIBOR plus a spread of 225 basis points. At September 30, 2011, there was no amount outstanding under the Revolver. The Company is required to pay an annualized commitment fee of approximately 0.38% on the unused balance of the Revolver.

The Facility contains certain restrictions, subject to certain exceptions and qualifications, on the conduct of the Company and certain of its subsidiaries, including, among other restrictions: incurring debt; disposing of certain assets; making investments; exceeding certain agreed upon capital expenditures; creating or suffering liens; completing certain mergers, consolidations and sales of assets; acquisitions; declaring dividends; redeeming or prepaying other debt; and certain transactions with affiliates. The Facility also includes financial covenants that require the Company to maintain certain total leverage and interest coverage ratios.

The proceeds from the Facility and cash on hand were used to extinguish the entire principal amount outstanding of approximately $1.1 billion under the Company’s prior senior secured credit facility and the entire principal amount outstanding of approximately $22 under a U.S. dollar-based term loan of a Canadian subsidiary. As a result of these debt extinguishments, the Company recorded a $12.8 loss on the extinguishment of debt, which is primarily comprised of a non-cash charge due to the write-off of deferred debt issuance costs relating to the prior senior secured credit facility.

During the nine months ended September 30, 2011, $300 principal amount related to the securitization facility was reclassified from short-term debt to long-term debt based upon management’s intent to repay the securitization facility in accordance with its contractual maturity.

In May 2011, the Company entered into an amendment to its securitization facility that extended the term from July 2013 until May 2014 and reduced the borrowing rate margin and the unused line fee to 1.25% and 0.625% per annum, respectively.

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8. Derivative and Other Hedging Financial Instruments

Interest Rate Contracts

The Company manages its fixed and floating rate debt mix using interest rate swaps. The Company uses fixed and floating rate swaps to alter its exposure to the impact of changing interest rates on its consolidated results of operations and future cash outflows for interest. Floating rate swaps are used, depending on market conditions, to convert the fixed rates of long-term debt into short-term variable rates. Fixed rate swaps are used to reduce the Company’s risk of the possibility of increased interest costs. Interest rate swap contracts are therefore used by the Company to separate interest rate risk management from the debt funding decision.

Fair Values Hedges

During 2011, the Company terminated $350 notional amount outstanding in swap agreements that exchange a fixed rate of interest for a variable rate (LIBOR) of interest and received $8.4 in net proceeds. These floating rate swaps, which were to mature in 2017, were designated as fair value hedges against $350 of principal on the 7 ¹/2% senior subordinated notes due 2017. The gain on the termination of these swaps is deferred and is being amortized over the remaining contractual term of the terminated swaps.

Cash Flow Hedges

During 2011, the Company entered into an aggregate $350 notional amount of interest rate swaps that exchange a variable rate of interest (LIBOR) for an average fixed rate of interest of approximately 1.5% over the term of the agreements, which mature on December 31, 2015. These swaps are forward-starting and are effective commencing December 31, 2013. The Company has designated these swaps as cash flow hedges of the interest rate risk attributable to forecasted variable interest (LIBOR) payments.

At September 30, 2011, the Company had $1.0 billion notional amount outstanding in swap agreements, which include $550 notional amount of forward-starting swaps that become effective commencing December 30, 2011 ($200 notional amount) and December 31, 2013 ($350 notional amount), that exchange variable interest rates (LIBOR) for fixed interest rates over the terms of the agreements and are designated as cash flow hedges of the interest rate risk attributable to forecasted variable interest payments and have maturity dates through December 2015. At September 30, 2011, the weighted average fixed rate of interest on these swaps, excluding the forward-starting swap, was approximately 1.7%. The effective portion of the after tax fair value gains or losses on these swaps is included as a component of accumulated other comprehensive income (loss) (“AOCI”).

In October 2011, the Company terminated a $250 notional amount outstanding swap agreement that exchanged a variable interest rate (LIBOR) for a fixed interest rate and paid $0.9. This fixed rate swap, which was to mature on December 31, 2011, was designated as cash flow hedge of the interest rate risk attributable to forecasted variable interest. The loss on the termination of this swap is deferred and is being amortized over the remaining contractual term of the terminated swap.

Forward Foreign Currency Contracts

The Company uses forward foreign currency contracts (“foreign currency contracts”) to mitigate the foreign currency exchange rate exposure on the cash flows related to forecasted inventory purchases and sales, that have maturity dates through June 2013. The derivatives used to hedge these forecasted transactions that meet the criteria for hedge accounting are accounted for as cash flow hedges. The effective portion of the gains or losses on these derivatives is deferred as a component of AOCI and is recognized in earnings at the same time that the hedged item affects earnings and is included in the same caption in the statements of operations as the underlying hedged item. At September 30, 2011, the Company had approximately $566 notional amount of foreign currency contracts outstanding that are designated as cash flow hedges of forecasted inventory purchases and sales.

At September 30, 2011, the Company had outstanding approximately $198 notional amount of foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through December 2012. Fair market value gains or losses are included in the results of operations and are classified in SG&A.

Commodity Contracts

The Company enters into commodity-based derivatives in order to mitigate the risk that the rising price of these commodities could have on the cost of certain of the Company’s raw materials. These commodity-based derivatives provide the Company with cost certainty, and in certain instances allow the Company to benefit should the cost of the commodity fall below certain dollar thresholds. At September 30, 2011, the Company had outstanding approximately $18 notional amount of commodity-based derivatives that are not designated as effective hedges for accounting purposes and have maturity dates through December 2012. Fair market value gains or losses are included in the results of operations and are classified in SG&A.

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The following table presents the fair value of derivative financial instruments as of September 30, 2011 and December 31, 2010:

	September 30, 2011				December 31, 2010
	Fair Value of Derivatives				Fair Value of Derivatives
(in millions)	Asset (a)		Liability (a)		Asset (a)		Liability (a)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	0.5	$	9.5	$	—	$	5.3
Foreign currency contracts		7.9		10.2		4.5		18.9
Fair value hedges:
Interest rate swaps		—		—		—		10.2
Cross-currency swaps		—		—		—		4.1
Subtotal		8.4		19.7		4.5		38.5
Derivatives not designated as effective hedges:
Foreign currency contracts		1.2		1.9		1.3		2.6
Commodity contracts		—		1.3		0.9		—
Subtotal		1.2		3.2		2.2		2.6
Total	$	9.6	$	22.9	$	6.7	$	41.1
(a)    Consolidated balance sheet location:
Asset:     Other non-current assets
Liability: Other non-current liabilities

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The following table presents gain and loss activity (on a pretax basis) for the three and nine months ended September 30, 2011 and 2010 related to derivative financial instruments designated as effective hedges:

	Three Months Ended September 30, 2011									Three Months Ended September 30, 2010
	Gain/(Loss)									Gain/(Loss)
(in millions)	Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)			Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	(1.2	)		—		$	—		$	(1.8	)		0.4		$	—
Foreign currency contracts		8.2			(5.6	)		2.7			(13.3	)		(0.9	)		(1.7	)
Total	$	7.0			(5.6	)	$	2.7		$	(15.1	)		(0.5	)	$	(1.7	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	(0.6	)	$	—					$	—		$	—
Cost of sales					(5.0	)		—						(0.9	)		—
SG&A					—			2.7						—			(1.7	)
Interest expense					—			—						0.4			—
Total				$	(5.6	)	$	2.7					$	(0.5	)	$	(1.7	)
	Nine Months Ended September 30, 2011									Nine Months Ended September 30, 2010
	Gain/(Loss)									Gain/(Loss)
(in millions)	Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)			Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	(3.7	)	$	—		$	—		$	4.0		$	1.9		$	—
Foreign currency contracts		(3.5	)		(16.2	)		(2.9	)		(11.3	)		(7.5	)		(2.7	)
Total	$	(7.2	)	$	(16.2	)	$	(2.9	)	$	(7.3	)	$	(5.6	)	$	(2.7	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	(1.0	)	$	—					$	0.4		$	—
Cost of sales					(15.2	)		—						(7.9	)		—
SG&A					—			(2.9	)					—			(2.7	)
Interest expense					—			—						1.9			—
Total				$	(16.2	)	$	(2.9	)				$	(5.6	)	$	(2.7	)

(a) Represents effective portion recognized in Other Comprehensive Income (“OCI”).

(b) Represents portion excluded from effectiveness testing.

At September 30, 2011, deferred net losses of approximately $3 within AOCI are expected to be reclassified to earnings over the next twelve months.

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The following table presents gain and loss activity (on a pretax basis) for the three and nine months ended September 30, 2011 and 2010 related to derivative financial instruments not designated as effective hedges:

	Gain/(Loss) Recognized in Income (a)
	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions)	2011			2010			2011			2010
Derivatives not designated as effective hedges:
Cash flow derivatives:
Interest rate swaps	$	—		$	—		$	—		$	0.9
Foreign currency contracts		(0.1	)		(2.0	)		(1.0	)		(9.2	)
Commodity contracts		(1.6	)		1.0			(1.6	)		0.6
Fair value derivatives:
Interest rate swaps		0.2			—			0.2			18.6
Total	$	(1.5	)	$	(1.0	)	$	(2.4	)	$	10.9

(a) Classified in SG&A.

Net Investment Hedge

The Company has designated its Euro-denominated 7 ¹/2% senior subordinated notes due 2020, with an aggregate principal balance of €150 (the “Hedging Instrument”), as a net investment hedge of the foreign currency exposure of its net investment in certain Euro-denominated subsidiaries. Foreign currency gains and losses on the Hedging Instrument are included as a component of AOCI. At September 30, 2011, $13.6 of deferred losses have been recorded in AOCI.

9. Fair Value Measurements

GAAP defines three levels of inputs that may be used to measure fair value and requires that the assets or liabilities carried at fair value be disclosed by the input level under which they were valued. The input levels are defined as follows:

Level 1: Quoted market prices in active markets for identical assets and liabilities.

Level 2: Observable inputs other than defined in Level 1, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level  3: Unobservable inputs that are not corroborated by observable market data.

The following table summarizes assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2011 and December 31, 2010:

	September 30, 2011								December 31, 2010
	Fair Value Asset (Liability)								Fair Value Asset (Liability)
(in millions)	Level 1		Level 2			Total			Level 1		Level 2			Total
Derivatives:
Assets	$	—	$	3.4		$	3.4		$	—	$	0.1		$	0.1
Liabilities		—		(16.7	)		(16.7	)		—		(34.5	)		(34.5	)
Available for sale securities		18.7		—			18.7			19.1		—			19.1

Derivative assets and liabilities relate to interest rate swaps, foreign currency contracts and commodity contracts (see Note 8). Fair values are determined by the Company using market prices obtained from independent brokers or determined using valuation models that use as their basis readily observable market data that is actively quoted and can be validated through external sources, including independent pricing services, brokers and market transactions. Available-for-sale securities are valued based on quoted market prices in actively traded markets.

10. Contingencies

The Company is involved in various legal disputes and other legal proceedings that arise from time to time in the ordinary course of

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business. In addition, the Company or certain of its subsidiaries have been identified by the United States Environmental Protection Agency (“EPA”) or a state environmental agency as a Potentially Responsible Party (“PRP”) pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites. Based on currently available information, the Company does not believe that the disposition of any of the legal or environmental disputes the Company or its subsidiaries are currently involved in will have a material adverse effect upon the consolidated financial condition, results of operations or cash flows of the Company. It is possible that, as additional information becomes available, the impact on the Company of an adverse determination could have a different effect.

Environmental

The Company’s operations are subject to certain federal, state, local and foreign environmental laws and regulations in addition to laws and regulations regarding labeling and packaging of products and the sales of products containing certain environmentally sensitive materials.

In addition to ongoing environmental compliance at its operations, the Company also is actively engaged in environmental remediation activities, the majority of which relates to divested operations and sites. Various of the Company’s subsidiaries have been identified by the EPA or a state environmental agency as a PRP pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites (collectively, the “Environmental Sites”). The Company has established reserves to cover the anticipated probable costs of investigation and remediation, based upon periodic reviews of all sites for which they have, or may have, remediation responsibility. The Company accrues environmental investigation and remediation costs when it is probable that a liability has been incurred, the amount of the liability can be reasonably estimated and their responsibility for the liability is established. Generally, the timing of these accruals coincides with the earlier of a formal commitment to an investigation plan, completion of a feasibility study or a commitment to a formal plan of action. The Company accrues its best estimate of investigation and remediation costs based upon facts known at such dates, and because of the inherent difficulties in estimating the ultimate amount of environmental costs, which are further described below, these estimates may materially change in the future as a result of the uncertainties described below. Estimated costs, which are based upon experience with similar sites and technical evaluations, are judgmental in nature and are recorded at discounted amounts without considering the impact of inflation and are adjusted periodically to reflect changes in applicable laws or regulations, changes in available technologies and receipt by the Company of new information. It is difficult to estimate the ultimate level of future environmental expenditures due to a number of uncertainties surrounding environmental liabilities. These uncertainties include the applicability of laws and regulations, changes in environmental remediation requirements, the enactment of additional regulations, uncertainties surrounding remediation procedures including the development of new technology, the identification of new sites for which various of the Company’s subsidiaries could be a PRP, information relating to the exact nature and extent of the contamination at each Environmental Site and the extent of required cleanup efforts, the uncertainties with respect to the ultimate outcome of issues which may be actively contested and the varying costs of alternative remediation strategies.

Due to the uncertainty described above, the Company’s ultimate future liability with respect to sites at which remediation has not been completed may vary from the amounts reserved as of September 30, 2011.

The Company believes that the costs of completing environmental remediation of all sites for which the Company has a remediation responsibility have been adequately reserved and that the ultimate resolution of these matters will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

Litigation

The Company and/or its subsidiaries are involved in various lawsuits arising from time to time that the Company considers ordinary routine litigation incidental to its business. Amounts accrued for litigation matters represent the anticipated costs (damages and/or settlement amounts) in connection with pending litigation and claims and related anticipated legal fees for defending such actions. The costs are accrued when it is both probable that a liability has been incurred and the amount can be reasonably estimated. The accruals are based upon the Company’s assessment, after consultation with counsel (if deemed appropriate), of probable loss based on the facts and circumstances of each case, the legal issues involved, the nature of the claim made, the nature of the damages sought and any relevant information about the plaintiffs and other significant factors that vary by case. When it is not possible to estimate a specific expected cost to be incurred, the Company evaluates the range of probable loss and records the minimum end of the range. The Company believes that anticipated probable costs of litigation matters have been adequately reserved to the extent determinable. Based on current information, the Company believes that the ultimate conclusion of the various pending litigation of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

As a consumer goods manufacturer and distributor, the Company and/or its subsidiaries face the risk of product liability and related lawsuits involving claims for substantial money damages, product recall actions and higher than anticipated rates of warranty returns

15

or other returns of goods.

The Company and/or its subsidiaries are therefore party to various personal injury and property damage lawsuits relating to their products and incidental to their business. Annually, the Company sets its product liability insurance program which is an occurrence-based program based on the Company and its subsidiaries’ current and historical claims experience and the availability and cost of insurance. The Company’s product liability insurance program generally includes a self-insurance retention per occurrence.

Cumulative amounts estimated to be payable by the Company with respect to pending and potential claims for all years in which the Company is liable under its self-insurance retention have been accrued as liabilities. Such accrued liabilities are based on estimates (which include actuarial determinations made by an independent actuarial consultant as to liability exposure, taking into account prior experience, number of claims and other relevant factors); thus, the Company’s ultimate liability may exceed or be less than the amounts accrued. The methods of making such estimates and establishing the resulting liability are reviewed on a regular basis and any adjustments resulting therefrom are reflected in current operating results.

Based on current information, the Company believes that the ultimate conclusion of the various pending product liability claims and lawsuits of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

11. Stockholders’ Equity

In August 2011, the Company’s Board of Directors authorized a new stock repurchase program that would allow the Company to repurchase up to $500 of its common stock. During the three months ended September 30, 2011, the Company completed its prior $150 stock repurchase program that was authorized in November 2007 and increased in March 2010. During the three and nine months ended September 30, 2011, the Company repurchased approximately 1.5 million and 2.5 million shares, respectively, of its common stock under these stock repurchase programs at a per share average price of $28.82 and $30.42, respectively.

At the Company’s annual meeting of stockholders in June 2011, the Company’s stockholders approved an amendment to the Company’s Restated Certificate of Incorporation, as amended, to increase the number of shares of authorized common stock from 150 million to 300 million shares.

12. Earnings Per Share

The computations of the weighted average shares outstanding for the three and nine months ended September 30, 2011 and 2010 are as follows:

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2011		2010		2011		2010
Weighted average shares outstanding:
Basic		87.7		88.9		88.4		89.1
Dilutive share-based awards		0.5		0.7		0.5		0.8
Diluted		88.2		89.6		88.9		89.9

Stock options and warrants to purchase 2.4 million and 2.8 million shares of the Company’s common stock at September 30, 2011 and 2010, respectively, had exercise prices that exceeded the average market price of the Company’s common stock for the three months ended September 30, 2011 and 2010, respectively. As such, these share-based awards did not affect the computation of diluted earnings per share.

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13. Comprehensive Income

The components of comprehensive income for the three and nine months ended September 30, 2011 and 2010 are as follows:

	Three months ended September 30,						Nine months ended September 30,
(in millions)	2011			2010			2011			2010
Net income	$	90.7		$	80.6		$	183.6		$	60.0
Foreign currency translation		(68.3	)		51.2			(20.6	)		0.3
Derivative financial instruments		9.1			(9.7	)		6.8			(1.0	)
Accrued benefit costs		0.8			0.6			5.3			1.0
Unrealized gain (loss) on investment		(0.3	)		1.2			(0.3	)		0.2
Comprehensive income	$	32.0		$	123.9		$	174.8		$	60.5

14. Employee Benefit Plans

The components of pension and postretirement benefit expense for the three and nine months ended September 30, 2011 and 2010 are as follows:

	Pension Benefits
	Three months ended September 30,
	2011									2010
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	0.5		$	0.5		$	—		$	0.4		$	0.4
Interest cost		4.0			0.7			4.7			4.4			0.7			5.1
Expected return on plan assets		(3.9	)		(0.4	)		(4.3	)		(3.4	)		(0.4	)		(3.8	)
Amortization, net		0.8			0.1			0.9			0.9			—			0.9
Net periodic expense		0.9			0.9			1.8			1.9			0.7			2.6
Curtailments and settlements		1.6			—			1.6			—			—			—
Total expense	$	2.5		$	0.9		$	3.4		$	1.9		$	0.7		$	2.6
	Nine months ended September 30,
	2011									2010
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	0.1		$	1.4		$	1.5		$	0.1		$	1.1		$	1.2
Interest cost		12.0			2.1			14.1			13.2			1.8			15.0
Expected return on plan assets		(11.7	)		(1.1	)		(12.8	)		(10.2	)		(1.0	)		(11.2	)
Amortization, net		2.4			0.1			2.5			2.5			—			2.5
Net periodic expense		2.8			2.5			5.3			5.6			1.9			7.5
Curtailments and settlements		1.6			—			1.6			—			—			—
Total expense	$	4.4		$	2.5		$	6.9		$	5.6		$	1.9		$	7.5
							Postretirement Benefits
							Three months ended September 30,						Nine months ended September 30,
(in millions)							2011			2010			2011			2010
Service cost							$	0.1		$	0.1		$	0.3		$	0.2
Interest cost								0.2			0.2			0.6			0.5
Amortization, net								(0.3	)		(0.2	)		(0.7	)		(0.6	)
Net periodic expense								—			0.1			0.2			0.1
Curtailments and settlements								(7.3	)		—			(7.3	)		—
Total expense (credit)							$	(7.3	)	$	0.1		$	(7.1	)	$	0.1

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15. Reorganization Costs

The Company did not incur any reorganization costs for the three and nine months ended September 30, 2010. Reorganization costs for the three and nine months ended September 30, 2011 are as follows:

	Three months ended September 30, 2011
(in millions)	Employee Terminations		Other Charges		Total
Outdoor Solutions	$	—	$	3.8	$	3.8
Branded Consumables		0.6		1.8		2.4
Total	$	0.6	$	5.6	$	6.2
	Nine months ended September 30, 2011
(in millions)	Employee Terminations		Other Charges		Total
Outdoor Solutions	$	—	$	3.8	$	3.8
Branded Consumables		0.6		1.8		2.4
Total	$	0.6	$	5.6	$	6.2

Outdoor Solutions Segment Reorganization Costs

During 2011, the Company initiated a plan to consolidate certain international manufacturing processes within the Outdoor Solutions segment. This plan primarily consists of a facility consolidation in the Far East. Reorganization costs for the three and nine months ended September 30, 2011 relate to this plan.

Branded Consumables Segment Reorganization Costs

During 2011, the Company initiated a plan to consolidate certain manufacturing processes within the Branded Consumables segment. This plan includes headcount reduction and facility consolidation. Reorganization costs for the three and nine months ended September 30, 2011 relate to this plan.

Accrued Reorganization Costs

Details and the activity related to accrued reorganization costs as of and for the nine months ended September 30, 2011 are as follows:

(in millions)	Accrual Balance at December 31, 2010		Reorganization Costs		Payments			Foreign Currency and Other			Accrual Balance at September 30, 2011
Severance and other employee-related	$	0.5	$	0.6	$	(0.5	)	$	(0.2	)	$	0.4
Other costs		9.5		5.6		(7.0	)		(0.3	)		7.8
Total	$	10.0	$	6.2	$	(7.5	)	$	(0.5	)	$	8.2

16. Segment Information

The Company reports four business segments: Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. The Company’s sales are principally within the United States. The Company’s international operations are mainly based in Asia, Canada, Europe and Latin America. The Company and its chief operating decision maker use “segment earnings” to measure segment operating performance.

The Outdoor Solutions segment manufactures or sources, markets and distributes global consumer active lifestyle products for outdoor and outdoor-related activities. For general outdoor activities, Coleman^® is a leading brand for active lifestyle products, offering an array of products that include camping and outdoor equipment such as air beds, camping stoves, coolers, foldable furniture, gas grills, lanterns and flashlights, propane fuel, sleeping bags, tents and water recreation products such as inflatable boats, kayaks and tow-behinds. The Outdoor Solutions segment is also a leading provider of fishing equipment under brand names such as Abu Garcia^®, All Star^®, Berkley^®, Fenwick^®, Gulp!^®, JRC™, Mitchell^®, Penn^®, Pflueger^®, Sebile^®, Sevenstrand^®, Shakespeare^®, Spiderwire^®, Stren^®, Trilene^®, Ugly Stik^® and Xtools^®. Team sports equipment for baseball, softball, football, basketball, field hockey and lacrosse products are sold under brand names such as deBeer^®, Gait^®, Miken^®, Rawlings^® and Worth^®. Alpine and nordic skiing, snowboarding, snowshoeing and in-line skating products are sold under brand names such as Atlas^®, Full Tilt^®, K2^®, Line^®, Little Bear^®, Madshus^®, Marker^®, Morrow^®, Ride^®, Tubbs^®, Völkl^® and 5150 Snowboards^®. Water sports equipment, personal flotation

18

devices and all-terrain vehicle gear are sold under brand names such as Helium^®, Hodgman^®, Mad Dog Gear^®, Sevylor^®, Sospenders^® and Stearns^®. The Company also sells high performance technical and outdoor apparel and equipment under brand names such as CAPP3L^®, Ex Officio^®, K2^®, Marker^®, Marmot^®, Planet Earth^®, Ride^®, Völkl^® and Zoot^®, and premium air beds under brand names including Aero^®, Aerobed^® and Aero Sport^®.

The Consumer Solutions segment manufactures or sources, markets and distributes a diverse line of household products, including kitchen appliances and personal care and wellness products for home use. This segment maintains a strong portfolio of globally recognized brands including Bionaire^®, Crock-Pot^®, FoodSaver^®, Health o meter^®, Holmes^®, Mr. Coffee^®, Oster^®, Patton^®, Rival^®, Seal-a-Meal^®, Sunbeam^® and Villaware^®. The principal products in this segment include clippers and trimmers for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, toasters, toaster ovens and vacuum packaging machines; personal care and wellness products, such as air purifiers, fans, heaters and humidifiers, for home use; products for the hospitality industry; and scales for consumer use.

The Branded Consumables segment manufactures or sources, markets and distributes a broad line of branded consumer products, many of which are affordable, consumable and fundamental household staples, including arts and crafts paint brushes, brooms, brushes, buckets, children’s card games, clothespins, collectible tins, condoms, cord, rope and twine, dusters, dust pans, feeding bottles, fencing, fire extinguishing products, firelogs and firestarters, home canning jars and accessories, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, window guards and other accessories. This segment markets products under the Aviator^®, Ball^®, Bee^®, Bernardin^®, Bicycle^®, Billy Boy^®, BRK^®, Crawford^®, Diamond^®, Dicon^®, Fiona^®, First Alert^®, First Essentials^®, Forster^®, Hoyle^®, Java-Log^®, KEM^®, Kerr^®, Lehigh^®, Leslie-Locke^®, Lillo^®, Loew-Cornell^®, Mapa^®, NUK^®, Pine Mountain^®, Quickie Green Cleaning^®, Quickie Home-Pro^®, Quickie Microban^®, Quickie Original^®, Quickie Professional^®, Spontex^®, Tigex^® and Wellington^® brand names, among others.

The Process Solutions segment manufactures, markets and distributes a wide variety of plastic products including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging. Many of these products are consumable in nature or represent components of consumer products. This segment’s materials business produces specialty nylon polymers, conductive fibers and monofilament used in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. This segment is also the largest North American producer of niche products fabricated from solid zinc strip and is the sole source supplier of copper plated zinc penny blanks to the United States Mint and a major supplier to the Royal Canadian Mint, as well as a supplier of brass, bronze and nickel plated finishes on steel and zinc for coinage to other international markets. In addition, the Company manufactures a line of industrial zinc products marketed globally for use in the architectural, automotive, construction, electrical component and plumbing markets.

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Segment information as of and for the three and nine months ended September 30, 2011 and 2010 is as follows:

	Three months ended September 30, 2011
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	707.3		$	522.4		$	477.8		$	92.4		$	(15.2	)	$	1,784.7		$	—		$	1,784.7
Segment earnings (loss)		104.6			74.7			76.2			7.7			—			263.2			(23.9	)		239.3
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(1.6	)		—			—			(1.6	)		—			(1.6	)
Reorganization costs		(3.8	)		—			(2.4	)		—			—			(6.2	)		—			(6.2	)
Acquisition-related and other costs		(1.4	)		—			(1.3	)		—			—			(2.7	)		(3.7	)		(6.4	)
Depreciation and amortization		(15.7	)		(8.1	)		(12.7	)		(3.1	)		—			(39.6	)		(0.7	)		(40.3	)
Operating earnings (loss)	$	83.7		$	66.6		$	58.2		$	4.6		$	—		$	213.1		$	(28.3	)	$	184.8
Other segment data:
Total assets	$	2,881.5		$	1,968.9		$	1,982.3		$	200.8		$	—		$	7,033.5		$	155.6		$	7,189.1
	Three months ended September 30, 2010
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	604.7		$	534.0		$	393.0		$	83.5		$	(13.3	)	$	1,601.9		$	—		$	1,601.9
Segment earnings (loss)		83.9			75.0			61.5			7.8			—			228.2			(14.9	)		213.3
Adjustments to reconcile to reported operating earnings (loss):
Impairment of goodwill and intangibles		—			(0.7	)		—			—			—			(0.7	)		—			(0.7	)
Depreciation and amortization		(15.3	)		(7.1	)		(10.7	)		(2.9	)		—			(36.0	)		(0.5	)		(36.5	)
Operating earnings (loss)	$	68.6		$	67.2		$	50.8		$	4.9		$	—		$	191.5		$	(15.4	)	$	176.1
	Nine months ended September 30, 2011
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	2,157.6		$	1,258.4		$	1,297.9		$	273.7		$	(45.7	)	$	4,941.9		$	—		$	4,941.9
Segment earnings (loss)		288.2			172.3			183.5			27.1			—			671.1			(91.5	)		579.6
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(6.9	)		—			—			(6.9	)		—			(6.9	)
Reorganization costs		(3.8	)		—			(2.4	)		—			—			(6.2	)		—			(6.2	)
Acquisition-related and other costs		(1.4	)		—			(1.3	)		—			—			(2.7	)		(3.7	)		(6.4	)
Depreciation and amortization		(45.7	)		(22.8	)		(42.2	)		(9.1	)		—			(119.8	)		(1.9	)		(121.7	)
Operating earnings (loss)	$	237.3		$	149.5		$	130.7		$	18.0		$	—		$	535.5		$	(97.1	)	$	438.4
	Nine months ended September 30, 2010
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,914.7		$	1,252.5		$	946.9		$	265.2		$	(40.8	)	$	4,338.5		$	—		$	4,338.5
Segment earnings (loss)		253.1			164.5			134.3			28.2			—			580.1			(73.4	)		506.7
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(25.3	)		—			—			(25.3	)		—			(25.3	)
Acquisition-related and other costs (1)		—			—			—			—			—			—			(14.5	)		(14.5	)
Venezuela hyperinflationary and devaluation charges (see Note 1)		—			—			—			—			—			—			(78.1	)		(78.1	)
Impairment of goodwill and intangibles		—			(0.7	)		(18.3	)		—			—			(19.0	)		—			(19.0	)
Depreciation and amortization		(46.9	)		(20.7	)		(25.7	)		(8.7	)		—			(102.0	)		(1.0	)		(103.0	)
Operating earnings (loss)	$	206.2		$	143.1		$	65.0		$	19.5		$	—		$	433.8		$	(167.0	)	$	266.8

20

(1) Comprised of $24.6 of transactions costs, which primarily relate to acquisitions (see Note 2) and a $10.1 mark-to-market gain associated with the Company’s Euro-denominated debt and intercompany loans.

17. Condensed Consolidating Financial Data

The Company’s Senior Notes and Senior Subordinated Notes (see Note 7) are fully guaranteed, jointly and severally, by certain of the Company’s domestic subsidiaries (“Guarantor Subsidiaries”). The Company’s non-United States subsidiaries and those domestic subsidiaries who are not guarantors (“Non-Guarantor Subsidiaries”) are not guaranteeing these notes. Presented below is the condensed consolidating financial data of the Company (“Parent”), the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a consolidated basis as of September 30, 2011 and December 31, 2010 and for the three and nine months ended September 30, 2011 and 2010.

Condensed Consolidating Results of Operations

	Three months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,022.5		$	799.0	$	(36.8	)	$	1,784.7
Costs and expenses		12.1			918.5			706.1		(36.8	)		1,599.9
Operating (loss) earnings		(12.1	)		104.0			92.9		—			184.8
Other expense, net		76.2			8.6			9.3		—			94.1
Equity in the income of subsidiaries		179.0			79.5			—		(258.5	)		—
Net income (loss)	$	90.7		$	174.9		$	83.6	$	(258.5	)	$	90.7
	Three months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	927.7		$	702.6	$	(28.4	)	$	1,601.9
Costs and expenses		24.1			794.1			636.0		(28.4	)		1,425.8
Operating (loss) earnings		(24.1	)		133.6			66.6		—			176.1
Other expense, net		68.2			5.6			21.7		—			95.5
Equity in the income of subsidiaries		172.9			42.0			—		(214.9	)		—
Net income (loss)	$	80.6		$	170.0		$	44.9	$	(214.9	)	$	80.6
	Nine months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,872.9		$	2,186.5	$	(117.5	)	$	4,941.9
Costs and expenses		93.1			2,540.4			1,987.5		(117.5	)		4,503.5
Operating (loss) earnings		(93.1	)		332.5			199.0		—			438.4
Other expense, net		196.8			24.8			33.2		—			254.8
Equity in the income of subsidiaries		473.5			158.6			—		(632.1	)		—
Net income (loss)	$	183.6		$	466.3		$	165.8	$	(632.1	)	$	183.6
	Nine months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,710.5		$	1,723.8	$	(95.8	)	$	4,338.5
Costs and expenses		106.6			2,393.5			1,667.4		(95.8	)		4,071.7
Operating (loss) earnings		(106.6	)		317.0			56.4		—			266.8
Other expense, net		148.2			9.5			49.1		—			206.8
Equity in the income of subsidiaries		314.8			(3.3	)		—		(311.5	)		—
Net income (loss)	$	60.0		$	304.2		$	7.3	$	(311.5	)	$	60.0

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Condensed Consolidating Balance Sheets

	As of September 30, 2011
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	122.5	$	1,141.1	$	2,262.9	$	(10.1	)	$	3,516.4
Investment in subsidiaries		5,768.4		1,772.8		—		(7,541.2	)		—
Non-current assets		148.7		3,929.9		930.8		(1,336.7	)		3,672.7
Total assets	$	6,039.6	$	6,843.8	$	3,193.7	$	(8,888.0	)	$	7,189.1
Liabilities and stockholders’ equity
Current liabilities	$	246.0	$	642.4	$	591.8		(6.2	)	$	1,474.0
Non-current liabilities		3,882.1		472.9		789.2		(1,340.6	)		3,803.6
Stockholders’ equity		1,911.5		5,728.5		1,812.7		(7,541.2	)		1,911.5
Total liabilities and stockholders’ equity	$	6,039.6	$	6,843.8	$	3,193.7	$	(8,888.0	)	$	7,189.1

	As of December 31, 2010
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	314.6	$	998.6	$	2,067.6	$	(10.0	)	$	3,370.8
Investment in subsidiaries		5,340.3		1,739.8		93.4		(7,173.5	)		—
Non-current assets		153.7		3,768.8		1,015.1		(1,215.4	)		3,722.2
Total assets	$	5,808.6	$	6,507.2	$	3,176.1	$	(8,398.9	)	$	7,093.0
Liabilities and stockholders’ equity
Current liabilities	$	217.4	$	588.5	$	878.0		(6.7	)	$	1,677.2
Non-current liabilities		3,770.7		504.3		539.0		(1,218.7	)		3,595.3
Stockholders’ equity		1,820.5		5,414.4		1,759.1		(7,173.5	)		1,820.5
Total liabilities and stockholders’ equity	$	5,808.6	$	6,507.2	$	3,176.1	$	(8,398.9	)	$	7,093.0

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Condensed Consolidating Statements of Cash Flows

	Nine months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(335.9	)	$	363.4		$	(3.0	)	$	24.5
Financing activities:
Net change in short-term debt		—			—			2.7			2.7
Proceeds (payments) from (to) intercompany transactions		338.4			(286.5	)		(51.9	)		—
Proceeds from issuance of long-term debt		1,025.0			—			—			1,025.0
Payments on long-term debt		(1,102.8	)		—			—			(1,102.8	)
Issuance (repurchase) of common stock, net		(84.1	)		—			—			(84.1	)
Dividends paid		(22.6	)		—			—			(22.6	)
Other		(5.2	)		—			—			(5.2	)
Net cash provided by (used in) financing activities		148.7			(286.5	)		(49.2	)		(187.0	)
Investing Activities:
Additions to property, plant and equipment		(1.5	)		(67.1	)		(10.8	)		(79.4	)
Acquisition of business and earnout payments, net of cash acquired		(0.9	)		(12.5	)		—			(13.4	)
Other		—			—			4.8			4.8
Net cash used in investing activities		(2.4	)		(79.6	)		(6.0	)		(88.0	)
Effect of exchange rate changes on cash		—			—			1.4			1.4
Net decrease in cash and cash equivalents		(189.6	)		(2.7	)		(56.8	)		(249.1	)
Cash and cash equivalents at beginning of period		287.1			15.5			392.8			695.4
Cash and cash equivalents at end of period	$	97.5		$	12.8		$	336.0		$	446.3
	Nine months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(319.9	)	$	339.4		$	(5.3	)	$	14.2
Financing activities:
Net change in short-term debt		—			50.0			9.1			59.1
Proceeds (payments) from (to) intercompany transactions		312.8			(324.7	)		11.9			—
Proceeds from issuance of long-term debt		486.1			—			—			486.1
Payments on long-term debt		(258.2	)		—			—			(258.2	)
Issuance (repurchase) of common stock, net		(33.2	)		—			—			(33.2	)
Dividends paid		(21.4	)		—			—			(21.4	)
Other		(22.7	)		—			—			(22.7	)
Net cash provided by (used in) financing activities		463.4			(274.7	)		21.0			209.7
Investing Activities:
Additions to property, plant and equipment		(26.8	)		(55.5	)		(13.3	)		(95.6	)
Acquisition of business and earnout payments, net of cash acquired		(484.2	)		(4.5	)		(0.8	)		(489.5	)
Other		(9.3	)		—			19.1			9.8
Net cash provided by (used in) investing activities		(520.3	)		(60.0	)		5.0			(575.3	)
Effect of exchange rate changes on cash		—			—			(19.9	)		(19.9	)
Net increase (decrease) in cash and cash equivalents		(376.8	)		4.7			0.8			(371.3	)
Cash and cash equivalents at beginning of period		537.9			13.8			275.7			827.4
Cash and cash equivalents at end of period	$	161.1		$	18.5		$	276.5		$	456.1

The amounts reflected as proceeds (payments) from (to) intercompany transactions represent cash flows originating from transactions conducted between Guarantor Subsidiaries, Non-Guarantor Subsidiaries and Parent in the normal course of business operations.

23

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Information

From time to time, the Company may make or publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new products and similar matters. Such statements are necessarily estimates reflecting management’s best judgment based on current information. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. Such statements are usually identified by the use of words or phrases such as “believes”, “anticipates”, “expects”, “estimates”, “planned”, “outlook” and “goal”. Because forward-looking statements involve risks and uncertainties, the Company’s actual results could differ materially. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company’s actual results and experience to differ materially from the anticipated results or other expectations expressed in forward-looking statements. All statements addressing trends, events, developments, operating performance, potential acquisitions or liquidity that the Company anticipates or expects will occur in the future are forward-looking statements.

Achievement of future results is subject to risks, uncertainties and inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from past results and those anticipated, estimated or projected. Investors should bear this in mind as they consider forward-looking statements.

The Company undertakes no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in the Company’s Forms 10-K, 10-Q and 8-K reports to the United States Securities and Exchange Commission (“SEC”). Please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 for a list of factors which could cause the Company’s actual results to differ materially from those projected in the Company’s forward-looking statements and certain risks and uncertainties that may affect the operations, performance and results of the Company’s businesses. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

The following “Overview” section is a brief summary of the significant items addressed in Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”). Investors should read the relevant sections of this MD&A for a complete discussion of the items summarized below.

Overview

The Company is a leading provider of a broad range of consumer products. The Company reports four business segments: Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. The Company’s sales are principally within the United States. The Company’s international operations are mainly based in Asia, Canada, Europe and Latin America.

The Company distributes its products globally, primarily through club stores; craft stores; direct-to-consumer channels, primarily infomercials; department stores; drugstores; grocery retailers; home improvement stores; mass merchandisers; on-line; specialty retailers and wholesalers. The markets in which the Company’s businesses operate are generally highly competitive, based primarily on product quality, product innovation, price and customer service and support, although the degree and nature of such competition vary by location and product line. Since the Company operates primarily in the consumer products markets, it is generally affected by among other factors, overall economic conditions and the related impact on consumer confidence.

The Outdoor Solutions segment manufactures or sources, markets and distributes global consumer active lifestyle products for outdoor and outdoor-related activities. For general outdoor activities, Coleman^® is a leading brand for active lifestyle products, offering an array of products that include camping and outdoor equipment such as air beds, camping stoves, coolers, foldable furniture, gas grills, lanterns and flashlights, propane fuel, sleeping bags, tents and water recreation products such as inflatable boats, kayaks and tow-behinds. The Outdoor Solutions segment is also a leading provider of fishing equipment under brand names such as Abu Garcia^®, All Star^®, Berkley^®, Fenwick^®, Gulp!^®, JRC™, Mitchell^®, Penn^®, Pflueger^®, Sebile^®, Sevenstrand^®, Shakespeare^®, Spiderwire^®, Stren^®, Trilene^®, Ugly Stik^® and Xtools^®. Team sports equipment for baseball, softball, football, basketball, field hockey and lacrosse products are sold under brand names such as deBeer^®, Gait^®, Miken^®, Rawlings^® and Worth^®. Alpine and nordic skiing, snowboarding, snowshoeing and in-line skating products are sold under brand names such as Atlas^®, Full Tilt^®, K2^®, Line^®, Little Bear^®, Madshus^®, Marker^®, Morrow^®, Ride^®, Tubbs^®, Völkl^® and 5150 Snowboards^®. Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold under brand names such as Helium^®, Hodgman^®, Mad Dog Gear^®, Sevylor^®, Sospenders^® and Stearns^®. The Company also sells high performance technical and outdoor apparel and equipment under brand names such as CAPP3L^®, Ex Officio^®, K2^®, Marker^®, Marmot^®, Planet Earth^®, Ride^®, Völkl^® and Zoot^®, and premium air beds under brand names including Aero^®, Aerobed^® and Aero Sport^®.

24

The Consumer Solutions segment manufactures or sources, markets and distributes a diverse line of household products, including kitchen appliances and personal care and wellness products for home use. This segment maintains a strong portfolio of globally recognized brands including Bionaire^®, Crock-Pot^®, FoodSaver^®, Health o meter^®, Holmes^®, Mr. Coffee^®, Oster^®, Patton^®, Rival^®, Seal-a-Meal^®, Sunbeam^® and Villaware^®. The principal products in this segment include clippers and trimmers for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, toasters, toaster ovens and vacuum packaging machines; personal care and wellness products, such as air purifiers, fans, heaters and humidifiers, for home use; products for the hospitality industry; and scales for consumer use.

The Branded Consumables segment manufactures or sources, markets and distributes a broad line of branded consumer products, many of which are affordable, consumable and fundamental household staples, including arts and crafts paint brushes, brooms, brushes, buckets, children’s card games, clothespins, collectible tins, condoms, cord, rope and twine, dusters, dust pans, feeding bottles, fencing, fire extinguishing products, firelogs and firestarters, home canning jars and accessories, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, window guards and other accessories. This segment markets products under the Aviator^®, Ball^®, Bee^®, Bernardin^®, Bicycle^®, Billy Boy^®, BRK^®, Crawford^®, Diamond^®, Dicon^®, Fiona^®, First Alert^®, First Essentials^®, Forster^®, Hoyle^®, Java-Log^®, KEM^®, Kerr^®, Lehigh^®, Leslie-Locke^®, Lillo^®, Loew-Cornell^®, Mapa^®, NUK^®, Pine Mountain^®, Quickie Green Cleaning^®, Quickie Home-Pro^®, Quickie Microban^®, Quickie Original^®, Quickie Professional^®, Spontex^®, Tigex^® and Wellington^® brand names, among others.

The Process Solutions segment manufactures, markets and distributes a wide variety of plastic products including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging. Many of these products are consumable in nature or represent components of consumer products. This segment’s materials business produces specialty nylon polymers, conductive fibers and monofilament used in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. This segment is also the largest North American producer of niche products fabricated from solid zinc strip and is the sole source supplier of copper plated zinc penny blanks to the United States Mint and a major supplier to the Royal Canadian Mint, as well as a supplier of brass, bronze and nickel plated finishes on steel and zinc for coinage to other international markets. In addition, the Company manufactures a line of industrial zinc products marketed globally for use in the architectural, automotive, construction, electrical component and plumbing markets.

Summary of Significant 2011 Activities

• On March 31, 2011, the Company completed a new $1.275 billion senior secured credit facility (the “Facility”). The proceeds from the Facility and cash on hand were used to extinguish approximately $1.1 billion of debt outstanding, which was primarily comprised of the principal amount outstanding under the Company’s prior senior secured credit facility. The weighted average interest rate spread on the Facility decreased by over 60 basis points from the prior senior secured credit facility.

• In August 2011, the Company’s Board of Directors (the “Board”) authorized a new stock repurchase program for up to $500 million of its common stock.

Acquisitions

Consistent with the Company’s historical acquisition strategy, to the extent the Company pursues future acquisitions, the Company intends to focus on businesses with product offerings that provide geographic or product diversification, or expansion into related categories that can be marketed through the Company’s existing distribution channels or provide us with new distribution channels for its existing products, thereby increasing marketing and distribution efficiencies. Furthermore, the Company expects that acquisition candidates would demonstrate a combination of attractive margins, strong cash flow characteristics, category leading positions and products that generate recurring revenue. The Company anticipates that the fragmented nature of the consumer products market will continue to provide opportunities for growth through strategic acquisitions of complementary businesses. However, there can be no assurance that the Company will complete an acquisition in any given year or that any such acquisition will be significant or successful. The Company will only pursue a candidate when it is deemed to be fiscally prudent and that meets the Company’s acquisition criteria. The Company anticipates that any future acquisitions would be financed through any combination of cash on hand, operating cash flow, availability under its existing credit facilities and new capital market offerings.

25

2011 Activity

During 2011, the Company did not complete any significant acquisitions.

2010 Activity

On April 1, 2010, the Company acquired the Mapa Spontex Baby Care and Home Care businesses (“Mapa Spontex”) of Total S.A. (“Total”), through the acquisition of certain of Total’s subsidiaries for a Euro purchase price of approximately €200 million (approximately $275 million), subject to certain adjustments (the “Acquisition”). The total value of the transaction, including debt assumed and/or repaid, was approximately €305 million (approximately $415 million). Mapa Spontex is a global manufacturer and distributor of primarily baby care and home care products with leading market positions in Argentina, Brazil and Europe in the core categories it serves. Its baby care portfolio includes feeding bottles, soothers, teats and other infant accessories sold primarily under the Fiona^®, First Essentials^®, Lillo^®, NUK^® and Tigex^® brands; and health care products, including condoms sold under the Billy Boy^® brand. Its home care portfolio includes sponges, rubber gloves and related cleaning products for industrial, professional and retail uses sold primarily under the Mapa^® and Spontex^® brands. Mapa Spontex is reported in the Company’s Branded Consumables segment and is included in the Company’s results of operations from April 1, 2010 (the “Acquisition Date”).

In addition, the Company completed three tuck-in acquisitions during 2010, including the acquisition of Aero Products International, Inc. (“Aero”) on October 1, 2010 and the acquisition of Quickie Manufacturing Corporation (“Quickie”) on December 17, 2010. Aero is a leading provider of premium, air-filled mattresses under brand names including Aero^®, Aerobed^® and Aero Sport^®. The acquisition of Aero is expected to expand distribution channels, as well as expand the Company’s current Coleman product offerings of indoor and outdoor air beds and accessories. Aero is reported in the Company’s Outdoor Solutions segment and is included in the Company’s results of operations from October 1, 2010. Quickie is a leading supplier and distributor of innovative cleaning tools and supplies. Quickie designs, manufactures and distributes cleaning products including mops, brooms, dusters, dust pans, brushes, buckets and other supplies for traditional in-home use, as well as commercial and contractor-grade applications, sold primarily under the leading brands Quickie Original^®, Quickie Home-Pro^®, Quickie Professional^®, Quickie Microban^® and Quickie Green Cleaning^®. Quickie is reported in the Company’s Branded Consumables segment and is included in the Company’s results of operations from December 17, 2010.

Additionally, during 2010, the Company completed another tuck-in acquisition. All three tuck-in acquisitions were complementary to the Company’s core businesses and from an accounting standpoint were not significant.

As discussed hereinafter, the Company’s results of operations for the three and nine months ended September 30, 2011 and 2010 have been affected in varying degrees by the inclusion of Mapa Spontex, Aero and Quickie from their respective acquisition dates of April 1, 2010, October 1, 2010 and December 17, 2010, respectively. Furthermore, during the second quarter of 2011, the integration of Aero into the operating results of the Company’s existing Coleman business was to a large extent completed.

Venezuela Operations

In January 2010, the Venezuelan government announced its intention to devalue its currency (Bolivar) relative to the U.S. dollar. The official exchange rate for imported goods classified as essential, such as food and medicine, changed from 2.15 to 2.60 Bolivars per U.S. dollar, while payments for other non-essential goods moved to an official exchange rate of 4.30 Bolivars per U.S. dollar. As such, beginning in 2010, the financial statements of the Company’s subsidiaries operating in Venezuela are remeasured at and are reflected in the Company’s consolidated financial statements at the official exchange rate of 4.30, which is the Company’s expected settlement rate.

As a result of the change in the official exchange rate, the results of operations for the nine months ended September 30, 2010 include a non-cash charge of $21.5 million, primarily reflecting the write-down of monetary assets as of January 1, 2010. This charge is classified in selling, general and administrative costs (“SG&A”).

In March 2010, the SEC provided guidance on certain exchange rate issues specific to Venezuela. This SEC guidance, in part, requires that any differences between the amounts reported for financial reporting purposes and actual U.S. dollar-denominated balances that may have existed prior to the application of the highly inflationary accounting requirements (effective January 1, 2010 for the Company) should be recognized in the statement of operations. As a result of applying this SEC guidance, the results of operations for the nine months ended September 30, 2010 include a non-cash charge of $56.6 million related to remeasuring U.S. dollar-denominated assets at the parallel exchange rate and subsequently translating at the official exchange rate. This charge is classified in SG&A.

The transfers of funds out of Venezuela are subject to restrictions, and historically payments for certain imported goods and services have been required to be transacted by exchanging Bolivars for U.S. dollars through securities transactions in the more unfavorable parallel market rather than at the more favorable official exchange rate. During the third quarter of 2010, the parallel market was

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discontinued and replaced with the newly created and government regulated System of Transactions in Foreign Currency Denominated Securities (“SITME”) market. Historically, the majority of the Company’s purchases have qualified for the official exchange rate. As such, the Company has been able to convert Bolivars at the official exchange rate and, based upon this ability, the Company does not expect further changes in the SITME market to have a material impact on the consolidated financial position, results of operations or cash flows of the Company. While the timing of government approval for settlement of payables at the official rate varies, the Company believes these payables will ultimately be approved and settled at the official exchange rate based on past experience. However, if in the future, further restrictions require the Company’s subsidiaries operating in Venezuela to convert an increasing amount of the Bolivar cash balances into U.S. dollars using the more unfavorable exchange rate, it could result in currency exchange losses that may be material to the Company’s results of operations. At September 30, 2011, the Company’s subsidiaries operating in Venezuela have approximately $14 million in cash denominated in U.S. dollars and cash of approximately $40 million held in Bolivars converted at the official exchange rate.

Results of Operations—Comparing 2011 to 2010

Three Months Ended September 30, 2011 versus the Three Months Ended September 30, 2010

	Net Sales						Operating Earnings (Loss)
	Three months ended September 30,						Three months  ended September 30,
(in millions)	2011			2010			2011			2010
Outdoor Solutions	$	707.3		$	604.7		$	83.7		$	68.6
Consumer Solutions		522.4			534.0			66.6			67.2
Branded Consumables		477.8			393.0			58.2			50.8
Process Solutions		92.4			83.5			4.6			4.9
Corporate		—			—			(28.3	)		(15.4	)
Intercompany eliminations		(15.2	)		(13.3	)		—			—
	$	1,784.7		$	1,601.9		$	184.8		$	176.1

Net sales for the three months ended September 30, 2011 increased $183 million, or 11.4%, to $1.8 billion versus the same prior year period. The overall increase in net sales was primarily due to the impact of acquisitions (approximately $62 million), increased point of sale in certain product categories, expanded product offerings and favorable foreign currency translation of approximately $45 million, partially offset by weakness in certain product categories. Net sales in the Outdoor Solutions segment increased $103 million, or 17.0%, primarily as the result of increased sales in the Coleman business due to expanded air bed product offerings; increased sales in the apparel, fishing, team sports and winter sports businesses, which is primarily due to increased point of sale; and favorable foreign currency translation of approximately $25 million. Net sales in the Consumer Solutions segment decreased $11.6 million, or 2.2%, primarily due to declines in certain personal care and wellness categories, partially offset by increased demand internationally, primarily in Latin America, which is primarily due to gains in distribution. Net sales in the Branded Consumables segment increased $84.8 million, or 21.6%, which is mainly due to the contribution from acquisitions (approximately $41 million), increases in certain categories in the baby care and safety and security businesses and favorable foreign currency translation of approximately $16 million. Net sales in the Process Solutions segment increased 10.7% on a year-over-year basis, primarily due to increases in the zinc and plastics business, partially offset by decreases in military and marine antenna businesses.

Cost of sales increased $124 million, or 10.8%, to $1.3 billion for the three months ended September 30, 2011 versus the same prior year period. The increase is primarily due to the impact of acquisitions, increased sales and foreign currency translation of approximately $28 million. Cost of sales as a percentage of net sales for the three months ended September 30, 2011 and 2010 was 71.0% and 71.4%, respectively.

SG&A increased $44.9 million, or 16.0%, to $326 million for the three months ended September 30, 2011 versus the same prior year period. The increase is primarily due to the impact of acquisitions and foreign currency translation of approximately $10 million.

Operating earnings for the three months ended September 30, 2011 in the Outdoor Solutions segment increased $15.1 million, or 22.0%, versus the same prior year period primarily due to the gross margin impact of higher sales (approximately $46 million), partially offset by a $27.2 million increase in SG&A. Operating earnings for the three months ended September 30, 2011 in the Consumer Solutions segment decreased $0.6 million, or 0.9%, versus the same prior year period primarily due to the gross margin impact of lower sales ($2.3 million), partially offset by a decrease in SG&A. Operating earnings for the three months ended September 30, 2011 in the Branded Consumables segment increased $7.4 million, or 14.6%, versus the same prior year period primarily due to the impact of acquisitions. Operating earnings in the Process Solutions segment for the three months ended September 30, 2011 decreased $0.3 million, or 6.1%, versus the same prior year period as the negative gross margin impact of lower sales was mostly offset by a decrease in SG&A.

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Net interest expense decreased by $2.5 million to $43.7 million for the three months ended September 30, 2011 versus the same prior year period primarily due to a decrease in the weighted average interest rate for 2011 to 5.4% from 6.0% in 2010, partially offset by higher average debt levels.

The Company’s reported tax rate for the three months ended September 30, 2011 and 2010 was approximately 35.6% and 37.9%, respectively. The reported tax rate for the three months ended September 30, 2011 approximates the Company’s statutory rate as U.S tax expense ($1.8 million) related to the taxation of foreign income was mostly offset by a decrease in tax expense related to the release of a foreign valuation allowance and other items. The increase from the statutory tax rate to the reported tax rate for the three months ended September 30, 2010 results principally from the tax expense ($0.8 million) due to non-deductible charges primarily related to the currency devaluation in Venezuela (see “Venezuela Operations”).

Net income for the three months ended September 30, 2011 increased $10.1 million to $90.7 million versus the same prior year period. For the three months ended September 30, 2011 and 2010, earnings per diluted share were $1.03 and $0.90, respectively. The increase in net income was primarily due to incremental earnings from acquisitions and the gross margin impact of higher sales.

Nine Months Ended September 30, 2011 versus the Nine Months Ended September 30, 2010

	Net Sales						Operating Earnings (Loss)
	Nine months ended September 30,						Nine months ended September 30,
(in millions)	2011			2010			2011			2010
Outdoor Solutions	$	2,157.6		$	1,914.7		$	237.3		$	206.2
Consumer Solutions		1,258.4			1,252.5			149.5			143.1
Branded Consumables		1,297.9			946.9			130.7			65.0
Process Solutions		273.7			265.2			18.0			19.5
Corporate		—			—			(97.1	)		(167.0	)
Intercompany eliminations		(45.7	)		(40.8	)		—			—
	$	4,941.9		$	4,338.5		$	438.4		$	266.8

Net sales for the nine months ended September 30, 2011 increased $603 million, or 13.9%, to $4.9 billion versus the same prior year period. The overall increase in net sales was primarily due to the impact of acquisitions (approximately $373 million), increased point of sale in certain product categories, expanded product offerings and favorable foreign currency translation of approximately $111 million, partially offset by weakness in certain product categories, primarily related to unfavorable weather conditions. Net sales in the Outdoor Solutions segment increased $243 million, or 12.7%, primarily as the result of increased sales in the Coleman business due to expanded air bed product offerings, increased point of sale and earthquake-related sales; increased sales in the apparel, team sports and winter sports businesses, which is primarily due to increased point of sale; and favorable foreign currency translation of approximately $62 million. Net sales in the Consumer Solutions segment increased $5.9 million, or 0.5%, primarily as the result of increased demand internationally, primarily in Latin America, which is primarily due to gains in distribution, partially offset by declines in certain appliance and personal care and wellness categories. Net sales in the Branded Consumables segment increased $351 million, or 37.1%, which is mainly due to the contribution from acquisitions (approximately $304 million), increases in certain categories in the baby care and safety and security businesses and favorable foreign currency translation of approximately $35 million, partially offset by softness in firelog and playing card sales, as well as softness in food preservation sales, which were negatively affected by unfavorable weather conditions. Net sales in the Process Solutions segment increased 3.2% on a year-over-year basis primarily due to an increase in coinage sales.

Cost of sales increased $386 million, or 12.2%, to $3.6 billion for the nine months ended September 30, 2011 versus the same prior year period. The increase is primarily due to the impact of acquisitions (approximately $265 million), foreign currency translation (approximately $73 million) and increased sales, partially offset by an $18.4 million period-over-period decrease in the charge recorded for the purchase accounting adjustment for the elimination of manufacturer’s profit in inventory. Cost of sales as a percentage of net sales for the nine months ended September 30, 2011 and 2010 was 71.7% and 72.8%, respectively (71.6% and 72.3% for the nine months ended September 30, 2011 and 2010, respectively, excluding the charge for the elimination of manufacturer’s profit in inventory).

SG&A increased $58.9 million, or 6.6%, to $952 million for the nine months ended September 30, 2011 versus the same prior year period. The change is primarily due to the impact of acquisitions, an increase in marketing and product development costs (approximately $25 million) related to the Company’s investment in brand equity and foreign currency translation (approximately $25 million), partially offset by the $78.1 million of charges recorded during the nine months ended September 30, 2010, related to the Company’s Venezuela operations (see “Venezuela Operations”).

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Operating earnings for the nine months ended September 30, 2011 in the Outdoor Solutions segment increased $31.1 million, or 15.1%, versus the same prior year period primarily due to the gross margin impact of higher sales (approximately $85 million), partially offset by a $50.1 million increase in SG&A. Operating earnings for the nine months ended September 30, 2011 in the Consumer Solutions segment increased $6.4 million, or 4.5%, versus the same prior year period primarily due to increased gross margins during 2011 (approximately $20 million), partially offset by an increase in SG&A ($14.7 million). Operating earnings for the nine months ended September 30, 2011 in the Branded Consumables segment increased $65.7 million, or 101%, versus the same prior year period primarily due to the impact of acquisitions and the charges recorded during the nine months ended September 30, 2010 related to the impairment of goodwill and intangible assets ($18.3 million) and an $18.4 million period-over-period decrease in the charge recorded for the purchase accounting adjustment for the elimination of manufacturer’s profit in inventory. Operating earnings in the Process Solutions segment for the nine months ended September 30, 2011 decreased $1.5 million, or 7.7%, versus the same prior year period primarily due to the negative gross margin impact of lower sales and higher commodity costs ($3.2 million), partially offset by a decrease in SG&A ($1.7 million).

Net interest expense increased by $4.5 million to $135 million for the nine months ended September 30, 2011 versus the same prior year period due to higher average levels of outstanding debt versus the same prior year period. The Company’s weighted average interest rate for the nine months ended September 30, 2011 and 2010 was approximately 5.4% and 5.8%, respectively.

The Company’s reported tax rate for the nine months ended September 30, 2011 and 2010 was approximately 36.8% and 56.0%, respectively. The increase from the statutory tax rate to the reported tax rate for the nine months ended September 30, 2011 results principally from U.S. tax expense ($3.5 million) related to the taxation of foreign income, net of a decrease in tax expense related to foreign valuation allowance adjustments ($0.4 million). The increase from the statutory tax rate to the reported tax rate for the nine months ended September 30, 2010 results principally from the tax expense ($34.5 million) due to non-deductible charges primarily related to the currency devaluation in Venezuela and from the translation of U.S. dollar denominated net assets in Venezuela (see “Venezuela Operations”) and a tax charge ($6.2 million) related to non-deductible transaction costs attributable to the Acquisition, partially offset by a tax benefit ($18.8 million) related to the reversal of a deferred tax liability attributable to the reduction of Venezuelan earnings considered as not permanently reinvested.

Net income for the nine months ended September 30, 2011 increased $124 million to $184 million versus the same prior year period. For the nine months ended September 30, 2011 and 2010, earnings per diluted share were $2.06 and $0.67, respectively. The increase in net income was primarily due to charges recorded during the nine months ended September 30, 2010, which include $78.1 million of non-cash charges related to the Company’s Venezuela operations (see “Venezuela Operations”) and impairment charges for goodwill and intangible assets ($19.0 million); an $18.4 million period-over-period decrease in the charge recorded for the purchase accounting adjustment for the elimination of manufacturer’s profit in inventory; incremental earnings from acquisitions; and the gross margin impact of higher sales, partially offset the loss on early extinguishment of debt ($12.8 million) recorded during the nine months ended September 30, 2011.

LIQUIDITY AND CAPITAL RESOURCES

LIQUIDITY

The Company believes that its cash and cash equivalents, cash generated from operations and the availability under the Facility and the credit facilities of certain foreign subsidiaries as of September 30, 2011 provide sufficient liquidity to support working capital requirements, planned capital expenditures, debt obligations, completion of current and future reorganization and other related programs and pension plan contribution requirements for the foreseeable future.

Cash Flows from Operating Activities

Net cash provided by operating activities was $24.5 million and $14.2 million for the nine months ended September 30, 2011 and 2010, respectively. Improved operating results in 2011 were partially offset by unfavorable working capital changes. The changes are primarily due to the timing of payments of accounts payable, some of which relate to the purchase of seasonal inventory in certain businesses.

Cash Flows from Financing Activities

Net cash provided by (used in) financing activities was ($187 million) and $210 million for the nine months ended September 30, 2011 and 2010, respectively. The change is primarily due the period-over-period decrease in the proceeds from the issuance of long-term debt in excess of payments on long-term debt ($306 million), the period-over-period decrease in the net change in short-term debt ($56.4 million) and the increase in the repurchase of common stock, net of shares tendered ($51.8 million).

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Cash Flows from Investing Activities

Net cash used in investing activities was $88.0 million and $575 million for the nine months ended September 30, 2011 and 2010, respectively. Cash used for the acquisition of businesses, net of cash acquired and earnout payments for the nine months ended September 30, 2011 decreased $476 million over the same period in 2010. For the nine months ended September 30, 2011, capital expenditures were $79.4 million versus $95.6 million for the same prior year period. The Company expects to maintain capital expenditures at an annualized run-rate in the range of approximately 2.0% to 2.5% of net sales.

Dividends

On September 23, 2011, the Board declared a quarterly cash dividend of $0.08625 per share of the Company’s common stock, or approximately $8 million, paid on October 31, 2011 to stockholders of record as of the close of business on October 3, 2011. The Company anticipates a total annual dividend for 2011 of $0.345 per share of common stock, which represents approximately a 5% increase over the 2010 annualized dividend. However, the actual declaration of any future cash dividends, and the establishment of record and payment dates, will be subject to final determination by the Board each quarter after its review of the Company’s financial performance.

CAPITAL RESOURCES

On March 31, 2011, the Company completed the Facility, which is comprised of:

• a $525 million senior secured term loan A facility maturing in March 2016, that bears interest at LIBOR plus a spread of 225 basis points;

• a $500 million senior secured term loan B facility maturing in January 2017, which is subject to extension to 2018 under certain conditions, that bears interest at LIBOR plus a spread of 300 basis points; and

• a $250 million senior secured revolving credit facility (the “Revolver”), which is comprised of a $175 million U.S. dollar component and a $75 million multi-currency component. The Revolver matures in March 2016 and bears interest at certain selected rates, including LIBOR plus a spread of 225 basis points. At September 30, 2011, there was no amount outstanding under the Revolver. The Company is required to pay an annualized commitment fee of approximately 0.38% on the unused balance of the Revolver.

The proceeds from the Facility and cash on hand were used to extinguish the entire principal amount outstanding of approximately $1.1 billion under the Company’s prior senior secured credit facility and the entire principal amount outstanding of approximately $22 million under a U.S. dollar-based term loan of a Canadian subsidiary. As a result of these debt extinguishments, the Company recorded a $12.8 million loss on the extinguishment of debt, which is primarily comprised of a non-cash charge due to the write-off of deferred debt issuance costs relating to the prior senior secured credit facility.

At September 30, 2011, the Company had cash and cash equivalents of $446 million. At September 30, 2011, net availability under the Revolver was approximately $209 million, after deducting approximately $41 million of outstanding standby and commercial letters of credit.

At September 30, 2011, the Company’s $300 million receivables purchase agreement (the “Securitization Facility”) had outstanding borrowings totaling $300 million. In May 2011, the Company entered into an amendment to the Securitization Facility that extended the term from July 2013 until May 2014 and reduced the borrowing rate margin and the unused line fee to 1.25% and 0.625% per annum, respectively.

Certain foreign subsidiaries of the Company maintain working capital lines of credits with their respective local financial institutions for use in operating activities. At September 30, 2011, the aggregate amount available under these lines of credit totaled approximately $74 million.

The Company was not in default of any of its debt covenants at September 30, 2011.

In August 2011, the Board authorized a new stock repurchase program that would allow the Company to repurchase up to $500 million of its common stock. During the three months ended September 30, 2011, the Company completed its prior $150 million stock repurchase program that was authorized in November 2007 and increased in March 2010. During the three and nine months ended September 30, 2011, the Company repurchased approximately 1.5 million and 2.5 million shares, respectively, of its common stock under these stock repurchase programs at a per share average price of $28.82 and $30.42, respectively.

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Risk Management

Interest Rate Contracts

The Company manages its fixed and floating rate debt mix using interest rate swaps. The Company uses fixed and floating rate swaps to alter its exposure to the impact of changing interest rates on its consolidated results of operations and future cash outflows for interest. Floating rate swaps are used, depending on market conditions, to convert the fixed rates of long-term debt into short-term variable rates. Fixed rate swaps are used to reduce the Company’s risk of the possibility of increased interest costs. Interest rate swap contracts are therefore used by the Company to separate interest rate risk management from the debt funding decision.

Fair Values Hedges

During 2011, the Company terminated $350 million notional amount outstanding in swap agreements that exchange a fixed rate of interest for a variable rate (LIBOR) of interest and received $8.4 million in net proceeds. These floating rate swaps, which were to mature in 2017, were designated as fair value hedges against $350 million of principal on the 7 ¹/2% senior subordinated notes due 2017. The gain on the termination of these swaps is deferred and is being amortized over the remaining contractual term of the terminated swaps.

Cash Flow Hedges

During 2011, the Company entered into an aggregate $350 million notional amount of interest rate swaps that exchange a variable rate of interest (LIBOR) for an average fixed rate of interest of approximately 1.5% over the term of the agreements, which mature on December 31, 2015. These swaps are forward-starting and are effective commencing December 31, 2013. The Company has designated these swaps as cash flow hedges of the interest rate risk attributable to forecasted variable interest (LIBOR) payments.

At September 30, 2011, the Company had $1.0 billion notional amount outstanding in swap agreements, which include $550 million notional amount of forward-starting swaps that become effective commencing December 30, 2011 ($200 million notional amount) and December 31, 2013 ($350 million notional amount), that exchange variable interest rates (LIBOR) for fixed interest rates over the terms of the agreements and are designated as cash flow hedges of the interest rate risk attributable to forecasted variable interest payments and have maturity dates through December 2015. At September 30, 2011, the weighted average fixed rate of interest on these swaps, excluding the forward-starting swap, was approximately 1.7%. The effective portion of the after tax fair value gains or losses on these swaps is included as a component of accumulated other comprehensive income (loss) (“AOCI”).

In October 2011, the Company terminated a $250 million notional amount outstanding swap agreement that exchanged a variable interest rate (LIBOR) for a fixed interest rate and paid $0.9. This fixed rate swap, which was to mature on December 31, 2011, was designated as cash flow hedge of the interest rate risk attributable to forecasted variable interest. The loss on the termination of this swap is deferred and is being amortized over the remaining contractual term of the terminated swap.

Forward Foreign Currency Contracts

The Company uses forward foreign currency contracts (“foreign currency contracts”) to mitigate the foreign currency exchange rate exposure on the cash flows related to forecasted inventory purchases and sales and have maturity dates through June 2013. The derivatives used to hedge these forecasted transactions that meet the criteria for hedge accounting are accounted for as cash flow hedges. The effective portion of the gains or losses on these derivatives is deferred as a component of AOCI and is recognized in earnings at the same time that the hedged item affects earnings and is included in the same caption in the statements of operations as the underlying hedged item. At September 30, 2011, the Company had approximately $566 million notional amount of foreign currency contracts outstanding that are designated as cash flow hedges of forecasted inventory purchases and sales.

At September 30, 2011, the Company had outstanding approximately $198 million notional amount of foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through December 2012. Fair market value gains or losses are included in the results of operations and are classified in SG&A.

Commodity Contracts

The Company enters into commodity-based derivatives in order to mitigate the risk that the rising price of these commodities could have on the cost of certain of the Company’s raw materials. These commodity-based derivatives provide the Company with cost certainty, and in certain instances allow the Company to benefit should the cost of the commodity fall below certain dollar thresholds. At September 30, 2011, the Company had outstanding approximately $18 million notional amount of commodity-based derivatives that are not designated as effective hedges for accounting purposes and have maturity dates through December 2012. Fair market value gains or losses are included in the results of operations and are classified in SG&A.

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The following table presents the fair value of derivative financial instruments as of September 30, 2011:

	September 30, 2011
(in millions)	Asset (Liability)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	(9.0	)
Foreign currency contracts		(2.3	)
Subtotal		(11.3	)
Derivatives not designated as effective hedges:
Foreign currency contracts		(0.7	)
Commodity contracts		(1.3	)
Subtotal		(2.0	)
Total	$	(13.3	)

Net Investment Hedge

The Company designated its Euro-denominated 7 ¹/2% senior subordinated notes due 2020, with an aggregate principal balance of €150 million (the “Hedging Instrument”), as a net investment hedge of the foreign currency exposure of its net investment in certain Euro-denominated subsidiaries. Foreign currency gains and losses on the Hedging Instrument are included as a component of AOCI. At September 30, 2011, $13.6 million of deferred losses have been recorded in AOCI.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Other than as discussed above, there have been no material changes from the information previously reported under Part II, Item 7A. in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010.

Item 4. Controls and Procedures

As required by Rule 13a-15(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of its disclosure controls and procedures as of the end of the period covered by this quarterly report. Based on that evaluation, the Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) were effective as of the end of the period covered by this quarterly report.

As required by Rule 13a-15(d) under the Exchange Act, the Company’s management, including the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the Company’s internal control over financial reporting to determine whether any changes occurred during the quarter covered by this quarterly report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting. Based on that evaluation, there have been no such changes during the period covered by this quarterly report.

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Part II. Other Information

Item 1. Legal Proceedings

The Company is involved in various legal disputes and other legal proceedings that arise from time to time in the ordinary course of business. In addition, the Company or certain of its subsidiaries have been identified by the United States Environmental Protection Agency or a state environmental agency as a Potentially Responsible Party pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites. Based on currently available information, the Company does not believe that the disposition of any of the legal or environmental disputes the Company or its subsidiaries are currently involved in will have a material adverse effect upon the consolidated financial condition, results of operations or cash flows of the Company. It is possible that, as additional information becomes available, the impact on the Company of an adverse determination could have a different effect.

Litigation

The Company and/or its subsidiaries are involved in various lawsuits arising from time to time that the Company considers ordinary routine litigation incidental to its business. Amounts accrued for litigation matters represent the anticipated costs (damages and/or settlement amounts) in connection with pending litigation and claims and related anticipated legal fees for defending such actions. The costs are accrued when it is both probable that a liability has been incurred and the amount can be reasonably estimated. The accruals are based upon the Company’s assessment, after consultation with counsel (if deemed appropriate), of probable loss based on the facts and circumstances of each case, the legal issues involved, the nature of the claim made, the nature of the damages sought and any relevant information about the plaintiffs and other significant factors that vary by case. When it is not possible to estimate a specific expected cost to be incurred, the Company evaluates the range of probable loss and records the minimum end of the range. The Company believes that anticipated probable costs of litigation matters have been adequately reserved to the extent determinable. Based on current information, the Company believes that the ultimate conclusion of the various pending litigation of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

Product Liability

As a consumer goods manufacturer and distributor, the Company and/or its subsidiaries face the risk of product liability and related lawsuits involving claims for substantial money damages, product recall actions and higher than anticipated rates of warranty returns or other returns of goods.

The Company and/or its subsidiaries are therefore party to various personal injury and property damage lawsuits relating to their products and incidental to its business. Annually, the Company sets its product liability insurance program, which is an occurrence-based program based on the Company and its subsidiaries’ current and historical claims experience and the availability and cost of insurance. The Company’s product liability insurance program generally includes a self-insurance retention per occurrence.

Cumulative amounts estimated to be payable by the Company with respect to pending and potential claims for all years in which the Company is liable under its self-insurance retention have been accrued as liabilities. Such accrued liabilities are based on estimates (which include actuarial determinations made by an independent actuarial consultant as to liability exposure, taking into account prior experience, number of claims and other relevant factors); thus, the Company’s ultimate liability may exceed or be less than the amounts accrued. The methods of making such estimates and establishing the resulting liability are reviewed on a regular basis and any adjustments resulting therefrom are reflected in current operating results.

Based on current information, the Company believes that the ultimate conclusion of the various pending product liability claims and lawsuits of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

Item 1A. Risk Factors

There have been no material changes in our risk factors from those disclosed in Part I, Item 1A. of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table provides information about purchases by the Company during the three months ended September 30, 2011 of

33

equity securities of the Company:

Period	Total Number of Shares Purchased			Average Price Paid Per Share		Total Number of Shares Purchased As Part of a Publicly Announced Repurchase Program (1)			Approximate Dollar Value  of Shares that May Yet be Purchased Under the Repurchase Program (1)
July 1 – July 31		—		$	—		5,033,644		$	23,112,000
August 1 – August 31		1,393,713	(2)		28.99		6,427,357	(2)	$	482,618,000
September 1 – September 30		140,492			27.05		779,205	(3)	$	478,818,000
Total		1,534,205		$	28.82

(1) In August 2011, the Board authorized a new stock repurchase program that would allow the Company to repurchase up to $500 million of its common stock (the “New Stock Repurchase Program”). During the three months ended September 30, 2011, the Company completed its prior $150 million stock repurchase program that was authorized in November 2007 and increased in March 2010 (the “Prior Stock Repurchase Program”).

(2) During August 2011, the Company repurchased 638,713 shares of its common stock under the New Stock Repurchase Program and 755,000 shares of its common stock under the Prior Stock Repurchase Program. The cumulative shares purchased under the Prior Stock Repurchase Program was 5,788,644 shares.

(3) Represents the cumulative number of shares repurchased under the New Stock Repurchase Program.

34

Item 6. Exhibits

The following exhibits are filed as part of this Quarterly Report on Form 10-Q:

Exhibit	Description
3.1	Restated Certificate of Incorporation of the Company (filed as Exhibit 3.1 to the Company’s Annual Report on Form 10-K, filed on March 27, 2002, and incorporated herein by reference).
3.2	Certificate of Amendment of the Restated Certificate of Incorporation of the Company (filed as Exhibit 3.2 to the Company’s Current Report on Form 8-K, on June 4, 2002, and incorporated herein by reference).
3.3	Certificate of Amendment of the Restated Certificate of Incorporation of the Company (filed as Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on June 15, 2005, and incorporated herein by reference).
3.4	Certificate of Amendment of the Restated Certificate of Incorporation of the Company (filed as Exhibit 3.1 to the Company’s Current Report on Form 8-K, filed on June 17, 2011, and incorporated herein by reference).
3.5	Second Amended and Restated Bylaws of the Company (filed as Exhibit 3.2 to the Company’s Current Report on Form 8-K, filed on June 17, 2011, and incorporated herein by reference).
*31.1	Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
*31.2	Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
*32.1	Certifications Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2011, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2011, (ii) the Condensed Consolidated Balance Sheets at September 30, 2011 and December 31, 2010, (iii) the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2011, and (iv) and Notes to Condensed Consolidated Financial Statements. Users of this data are advised pursuant to Rule 406T of Regulation S-T that this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

* Filed herewith.

† This Exhibit represents a management contract or compensatory plan.

35

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: November 1, 2011
JARDEN CORPORATION (Registrant)
By:	/s/ Richard T. Sansone
Name:	Richard T. Sansone
Title:	Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)

EXHIBIT INDEX

*31.1	Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
*31.2	Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
*32.1	Certifications Pursuant to 18 U.S.C. Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101	The following materials from the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2011, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2011, (ii) the Condensed Consolidated Balance Sheets at September 30, 2011 and December 31, 2010, (iii) the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2011, and (iv) Notes to Condensed Consolidated Financial Statements, tagged as blocks of text. Users of this data are advised pursuant to Rule 406T of Regulation S-T that this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

* Filed herewith

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, James E. Lillie, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Jarden Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-16(f)) for the registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 1, 2011

/s/ James E. Lillie

James E. Lillie

Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Ian G.H. Ashken, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Jarden Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-16(f)) for the registrant and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 1, 2011

/s/ Ian G.H. Ashken

Ian G.H. Ashken

Vice Chairman and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATIONS PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Jarden Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, James E. Lillie, Chief Executive Officer of the Company, certify to my knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ James E. Lillie

James E. Lillie

Chief Executive Officer

November 1, 2011

In connection with the Quarterly Report of Jarden Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Ian G.H. Ashken, Vice Chairman and Chief Financial Officer of the Company, certify to my knowledge, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

/s/ Ian G.H. Ashken

Ian G.H. Ashken

Vice Chairman and Chief Financial Officer

November 1, 2011

XML

Derivative And Other Hedging Financial Instruments (Gain And Loss Activity On Derivative Financial Instruments Designated As Effective Hedges) (Details) (Derivatives Designated As Effective Hedges [Member], USD $) In Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2011		Sep. 30, 2010		Sep. 30, 2011		Sep. 30, 2010
Cash Flow Derivatives [Member]
Recognized in OCI (effective portion)	$ 7.0	[1]	$ (15.1)	[1]	$ (7.2)	[1]	$ (7.3)	[1]
Reclassified from AOCI to Income	(5.6)		(0.5)		(16.2)		(5.6)
Recognized in Income	2.7	[2]	(1.7)	[2]	(2.9)	[2]	(2.7)	[2]
Cash Flow Derivatives [Member] | Foreign Currency Contracts [Member]
Recognized in OCI (effective portion)	8.2	[1]	(13.3)	[1]	(3.5)	[1]	(11.3)	[1]
Reclassified from AOCI to Income	(5.6)		(0.9)		(16.2)		(7.5)
Recognized in Income	2.7	[2]	(1.7)	[2]	(2.9)	[2]	(2.7)	[2]
Cash Flow Derivatives [Member] | Interest Rate Swaps [Member]
Recognized in OCI (effective portion)	(1.2)	[1]	(1.8)	[1]	(3.7)	[1]	4.0	[1]
Reclassified from AOCI to Income			0.4				1.9
Recognized in Income		[2]		[2]		[2]		[2]
Gain (Loss) On Derivatives [Member] | Net Sales [Member]
Reclassified from AOCI to Income	(0.6)				(1.0)		0.4
Recognized in Income		[2]		[2]		[2]		[2]
Gain (Loss) On Derivatives [Member] | Cost Of Sales [Member]
Reclassified from AOCI to Income	(5.0)		(0.9)		(15.2)		(7.9)
Recognized in Income		[2]		[2]		[2]		[2]
Gain (Loss) On Derivatives [Member] | SG&A [Member]
Reclassified from AOCI to Income
Recognized in Income	2.7	[2]	(1.7)	[2]	(2.9)	[2]	(2.7)	[2]
Gain (Loss) On Derivatives [Member] | Interest Expense [Member]
Reclassified from AOCI to Income			0.4				1.9
Recognized in Income		[2]		[2]		[2]		[2]
Gain (Loss) On Derivatives [Member]
Reclassified from AOCI to Income	(5.6)		(0.5)		(16.2)		(5.6)
Recognized in Income	$ 2.7	[2]	$ (1.7)	[2]	$ (2.9)	[2]	$ (2.7)	[2]

[1] Represents effective portion recognized in Other Comprehensive Income ("OCI").

[2] Represents portion excluded from effectiveness testing.

XML

Condensed Consolidated Balance Sheets (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 446.3	$ 695.4
Accounts receivable, net of allowances of $79.9 and $64.7 at September 30, 2011 and December 31, 2010, respectively	1,188.6	1,067.7
Inventories	1,569.2	1,294.6
Deferred taxes on income	126.4	166.5
Prepaid expenses and other current assets	185.9	146.6
Total current assets	3,516.4	3,370.8
Property, plant and equipment, net	618.9	658.9
Goodwill	1,756.8	1,752.4
Intangibles, net	1,169.8	1,182.6
Other assets	127.2	128.3
Total assets	7,189.1	7,093.0
Liabilities
Short-term debt and current portion of long-term debt	162.9	434.6
Accounts payable	641.1	573.3
Accrued salaries, wages and employee benefits	162.5	180.2
Taxes on income	28.8	27.9
Other current liabilities	478.7	461.2
Total current liabilities	1,474.0	1,677.2
Long-term debt	3,016.7	2,806.0
Deferred taxes on income	462.5	458.7
Other non-current liabilities	324.4	330.6
Total liabilities	5,277.6	5,272.5
Commitments and contingencies (see Note 10)
Stockholders' equity:
Preferred stock ($0.01 par value, 5.0 shares authorized, no shares issued at September 30, 2011 and December 31, 2010)
Common stock ($0.01 par value, 300 and 150 shares authorized at September 30, 2011 and December 31, 2010, respectively, 92.7 shares issued at September 30, 2011 and December 31, 2010)	0.9	0.9
Additional paid-in capital	1,418.7	1,450.2
Retained earnings	581.2	421.0
Accumulated other comprehensive income (loss)	(33.6)	(24.8)
Less: Treasury stock (1.9 and 0.9 shares, at cost, at September 30, 2011 and December 31, 2010, respectively)	(55.7)	(26.8)
Total stockholders' equity	1,911.5	1,820.5
Total liabilities and stockholders' equity	$ 7,189.1	$ 7,093.0

XML

Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Millions, except Per Share data	Sep. 30, 2011	Dec. 31, 2010
Condensed Consolidated Balance Sheets
Accounts receivable, allowances	$ 79.9	$ 64.7
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5.0	5.0
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	300	150
Common stock, shares issued	92.7	92.7
Treasury stock, shares	1.9	0.9

XML

Stockholders' Equity (Details) (USD $) Share data in Millions, except Per Share data	3 Months Ended	9 Months Ended		1 Months Ended
	Sep. 30, 2011	Sep. 30, 2011	Dec. 31, 2010	Aug. 31, 2011 Maximum [Member]
Repurchase of common stock	$ 150			$ 500
Shares repurchased under stock repurchase program	1.5	2.5
Shares repurchased under stock repurchase program, average price per share	$ 28.82	$ 30.42
Common stock, shares authorized	300	300	150

XML

Basis Of Presentation And Significant Accounting Policies (Policy)

9 Months Ended

Sep. 30, 2011

Basis Of Presentation

The accompanying unaudited condensed consolidated interim financial statements of Jarden Corporation and its subsidiaries (hereinafter referred to as the "Company" or "Jarden") have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements reflect all adjustments that are, in the opinion of management, normal and recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at December 31, 2010 has been derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company's latest Annual Report on Form 10-K for the fiscal year ended December 31, 2010.

Supplemental Information

Stock-based compensation costs, which are included in selling, general and administrative expenses ("SG&A"), were $3.2 and $4.9 for the three months ended September 30, 2011 and 2010, respectively, and $22.1 and $25.5 for the nine months ended September 30, 2011 and 2010, respectively.

Interest expense is net of interest income of $2.7 and $1.0 for the three months ended September 30, 2011 and 2010, respectively, and $5.3 and $3.9, for the nine months ended September 30, 2011 and 2010, respectively.

Venezuela Operations [Member]

Nature Of Operations

Effective January 1, 2010, the Company's subsidiaries operating in Venezuela are considered under GAAP to be operating in a highly inflationary economy based on the use of the blended National Consumer Price Index (a blend of the National Consumer Price Index subsequent to January 1, 2008 and the Consumer Price Index for Caracas and Maracaibo prior to January 1, 2008), as the Venezuela economy exceeded the three year cumulative inflation rate of 100%. The Company's financial statements of its subsidiaries operating in Venezuela are remeasured as if their functional currency were the U.S. dollar. As such, gains and losses resulting from the remeasurement of monetary assets and liabilities are reflected in current earnings.

In January 2010, the Venezuelan government announced its intention to devalue its currency (Bolivar) relative to the U.S. dollar. The official exchange rate for imported goods classified as essential, such as food and medicine, changed from 2.15 to 2.60 Bolivars per U.S. dollar, while payments for other non-essential goods moved to an official exchange rate of 4.30 Bolivars per U.S. dollar. As such, beginning in 2010, the financial statements of the Company's subsidiaries operating in Venezuela are remeasured at and are reflected in the Company's consolidated financial statements at the official exchange rate of 4.30, which is the Company's expected settlement rate.

As a result of the change in the official exchange rate, the results of operations for the nine months ended September 30, 2010 include a non-cash charge of $21.5, primarily reflecting the write-down of monetary assets as of January 1, 2010. This charge is classified in SG&A.

In March 2010, the SEC provided guidance on certain exchange rate issues specific to Venezuela. This SEC guidance, in part, requires that any differences between the amounts reported for financial reporting purposes and actual U.S. dollar-denominated balances that may have existed prior to the application of the highly inflationary accounting requirements (effective January 1, 2010 for the Company) should be recognized in the income statement. As a result of applying this SEC guidance, the results of operations for the nine months ended September 30, 2010 include a non-cash charge of $56.6 classified in SG&A related to remeasuring U.S. dollar-denominated assets at the parallel exchange rate and subsequently translating at the official exchange rate. This SEC guidance was codified by the Financial Accounting Standards Board (the "FASB") in May 2010, with the issuance of Accounting Standards Update ("ASU") 2010-19.

XML

Document And Entity Information	9 Months Ended
	Sep. 30, 2011	Oct. 24, 2011
Document And Entity Information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Trading Symbol	JAH
Entity Registrant Name	JARDEN CORP
Entity Central Index Key	0000895655
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		90,799,000

XML

Derivative And Other Hedging Financial Instruments (Narrative) (Details)	9 Months Ended													9 Months Ended
	Sep. 30, 2011 USD ($)	Sep. 30, 2011 Cash Flow Derivatives [Member] USD ($)	Sep. 30, 2011 Derivatives Not Designated As Effective Hedges [Member]	Sep. 30, 2011 LIBOR Rate [Member] Interest Rate Swaps [Member]	Sep. 30, 2011 Effective December 31, 2011 [Member] Forward-Starting Swap [Member] USD ($)	Sep. 30, 2011 Effective December 31, 2013 [Member] Forward-Starting Swap [Member] USD ($)	Sep. 30, 2011 7 1/2% Senior Subordinated Notes Due 2017 [Member] USD ($)	Dec. 31, 2010 7 1/2% Senior Subordinated Notes Due 2017 [Member]	Sep. 30, 2011 7 1/2% Senior Subordinated Notes Due 2020 [Member]	Sep. 30, 2011 7 1/2% Senior Subordinated Notes Due 2020 [Member] Net Investment Hedge [Member] EUR (€)	Sep. 30, 2011 Forward-Starting Swap [Member] USD ($)	Sep. 30, 2011 Interest Rate Swaps [Member] USD ($)	Sep. 30, 2011 Commodity Contracts [Member] USD ($)	Sep. 30, 2011 Net Investment Hedge [Member] USD ($)
Face amount of debt										€ 150,000,000
Debt principal related to terminated fair value hedge							350,000,000
Interest rate of debt instrument							7.50%	7.50%	7.50%
Debt instrument maturity year							2017		2020	2020
Derivative maturity date		June 2013	December 2012
Notional amount of terminated fair value hedge	350,000,000
Notional amount of terminated cash flow hedge	250,000,000
Net proceeds received from terminated fair value hedges	8,400,000
Notional amount outstanding in swap agreements, cash flow hedges					200,000,000	350,000,000					550,000,000	1,000,000,000
Effective date of swap agreement				December 31, 2013							December 30, 2011
Maturity date of swap agreements				December 31, 2015
Aggregate notional amount of interest rate swap		350,000,000
Weighted average fixed rate of interest swaps				1.50%								1.70%
Notional amount of foreign currency contracts designated as cash flow hedges	566,000,000
Notional amount of foreign currency contracts not designated as effective hedges	198,000,000
Notional amount of other derivatives not designated as hedging instruments													18,000,000
Deferred net losses within AOCI expected to be reclassified to earnings over the next twelve months	3,000,000
Deferred losses on net investment hedge recorded in AOCI														13,600,000
Cash paid for terminated cash flow hedges		$ 900,000

XML

Goodwill And Intangibles (Tables)

9 Months Ended

Sep. 30, 2011

Goodwill And Intangibles

Schedule Of Goodwill

								September 30, 2011
(in millions)	Net Book Value at December 31, 2010		Additions		Foreign Exchange and Other Adjustments			Gross Carrying Amount		Accumulated Impairment Charges			Net Book Value
Goodwill
Outdoor Solutions	$	684.0	$	2.5	$	0.1		$	705.1	$	(18.5	)	$	686.6
Consumer Solutions		492.6		—		(0.4	)		492.2		—			492.2
Branded Consumables		554.3		4.6		(2.4	)		740.4		(183.9	)		556.5
Process Solutions		21.5		—		—			21.5		—			21.5
	$	1,752.4	$	7.1	$	(2.7	)	$	1,959.2	$	(202.4	)	$	1,756.8

Schedule Of Intangible Activity

(in millions)	Gross Carrying Amount at December 31, 2010		Additions		Accumulated Amortization and Foreign Exchange			Net Book Value at September 30, 2011		Amortization Periods (years)
Intangibles
Patents	$	7.2	$	0.3	$	(2.1	)	$	5.4		12-30
Non-compete agreements		3.7		—		(3.7	)		—		1-5
Manufacturing process and expertise		42.1		—		(32.8	)		9.3		3-7
Brand names		18.3		—		(3.0	)		15.3		4-20
Customer relationships and distributor channels		253.6		—		(39.3	)		214.3		10-35
Trademarks and tradenames		925.4		—		0.1			925.5		indefinite
	$	1,250.3	$	0.3	$	(80.8	)	$	1,169.8

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Debt (Components Of Debt) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2011		May 31, 2011	Dec. 31, 2010
Total debt	$ 3,179.6	[1]		$ 3,240.6	[1]
Less: current portion	(162.9)			(434.6)
Total long-term debt	3,016.7			2,806.0
Senior Secured Credit Facility Term Loans [Member]
Total debt	1,009.4			1,059.8
8% Senior Notes Due 2016 [Member]
Total debt	294.4	[2]		293.6	[2]
Interest rate of debt instrument	8.00%
Debt instrument maturity year	2016
6 1/8% Senior Notes Due 2022 [Member]
Total debt	300.0	[2]		300.0	[2]
Interest rate of debt instrument	6.125%
Debt instrument maturity year	2022
7 1/2% Senior Subordinated Notes Due 2017 [Member]
Total debt	656.8	[3]		639.8	[3]
Interest rate of debt instrument	7.50%			7.50%
Debt instrument maturity year	2017
7 1/2% Senior Subordinated Notes Due 2020 [Member]
Total debt	474.5	[3]		470.2	[3]
Interest rate of debt instrument	7.50%
Debt instrument maturity year	2020
Securitization Facility Due 2014 [Member]
Total debt	300.0			300.0
Debt instrument maturity year	2014		July 2013
Revolving Credit Facility [Member]
Total debt
2% Subordinated Note Due 2012 [Member]
Total debt	99.4			98.4
Interest rate of debt instrument	2.00%
Debt instrument maturity year	2012
Non-U.S. Borrowings [Member]
Total debt	37.1			62.0
Other [Member]
Total debt	$ 8.0			$ 16.8

[1] At September 30, 2011 and December 31, 2010, the carrying value of total debt approximates fair market value.

[2] Collectively, the "Senior Notes."

[3] Collectively, the "Senior Subordinated Notes."

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Debt

9 Months Ended

Sep. 30, 2011

Debt

Debt

7. Debt

Debt is comprised of the following at September 30, 2011 and December 31, 2010:

(in millions)	September 30, 2011			December 31, 2010
Senior Secured Credit Facility Term Loans	$	1,009.4		$	1,059.8
8% Senior Notes due 2016 (1)		294.4			293.6
6 1/8% Senior Notes due 2022 (1)		300.0			300.0
7 1/2% Senior Subordinated Notes due 2017 (2)		656.8			639.8
7 1/2% Senior Subordinated Notes due 2020 (2)		474.5			470.2
Securitization Facility due 2014		300.0			300.0
Revolving Credit Facility		—			—
2% Subordinated Note due 2012		99.4			98.4
Non-U.S. borrowings		37.1			62.0
Other		8.0			16.8
Total debt (3)		3,179.6			3,240.6
Less: current portion		(162.9	)		(434.6	)
Total long-term debt	$	3,016.7		$	2,806.0

(1) Collectively, the "Senior Notes."

(2) Collectively, the "Senior Subordinated Notes."

(3) At September 30, 2011 and December 31, 2010, the carrying value of total debt approximates fair market value.

On March 31, 2011, the Company completed a new $1.275 billion senior secured credit facility (the "Facility"), which is comprised of:

• a $525 senior secured term loan A facility maturing in March 2016, that bears interest at ; LIBOR plus a spread of 225 basis points;

• a $500 senior secured term loan B facility maturing in January 2017, which is subject to extension to 2018 under certain conditions, that bears interest at LIBOR plus a spread of 300 basis points; and

• a $250 senior secured revolving credit facility (the "Revolver"), which is comprised of a $175 U.S. dollar component and a $75 multi-currency component. The Revolver matures in March 2016 and bears interest at certain selected rates, including LIBOR plus a spread of 225 basis points. At September 30, 2011, there was no amount outstanding under the Revolver. The Company is required to pay an annualized commitment fee of approximately 0.38% on the unused balance of the Revolver.

The Facility contains certain restrictions, subject to certain exceptions and qualifications, on the conduct of the Company and certain of its subsidiaries, including, among other restrictions: incurring debt; disposing of certain assets; making investments; exceeding certain agreed upon capital expenditures; creating or suffering liens; completing certain mergers, consolidations and sales of assets; acquisitions; declaring dividends; redeeming or prepaying other debt; and certain transactions with affiliates. The Facility also includes financial covenants that require the Company to maintain certain total leverage and interest coverage ratios.

The proceeds from the Facility and cash on hand were used to extinguish the entire principal amount outstanding of approximately $1.1 billion under the Company's prior senior secured credit facility and the entire principal amount outstanding of approximately $22 under a U.S. dollar-based term loan of a Canadian subsidiary. As a result of these debt extinguishments, the Company recorded a $12.8 loss on the extinguishment of debt, which is primarily comprised of a non-cash charge due to the write-off of deferred debt issuance costs relating to the prior senior secured credit facility.

During the nine months ended September 30, 2011, $300 principal amount related to the securitization facility was reclassified from short-term debt to long-term debt based upon management's intent to repay the securitization facility in accordance with its contractual maturity.

In May 2011, the Company entered into an amendment to its securitization facility that extended the term from July 2013 until May 2014 and reduced the borrowing rate margin and the unused line fee to 1.25% and 0.625% per annum, respectively.

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Warranty Reserve (Tables)

9 Months Ended

Sep. 30, 2011

Warranty Reserve

Warranty Reserve Activity

(in millions)	2011
Warranty reserve at January 1,	$	86.0
Provision for warranties issued		102.0
Warranty claims paid		(108.3	)
Acquisitions and other adjustments		(0.1	)
Warranty reserve at September 30,	$	79.6

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Goodwill And Intangibles (Schedule Of Goodwill) (Details) (USD $) In Millions	9 Months Ended
	Sep. 30, 2011
Goodwill, Net Book Value at December 31, 2010	$ 1,752.4
Goodwill, Additions	7.1
Goodwill, Foreign Exchange and Other Adjustments	(2.7)
Goodwill, Gross Carrying Amount	1,959.2
Goodwill, Accumulated Impairment Charges	(202.4)
Goodwill, Net Book Value	1,756.8
Outdoor Solutions [Member]
Goodwill, Net Book Value at December 31, 2010	684.0
Goodwill, Additions	2.5
Goodwill, Foreign Exchange and Other Adjustments	0.1
Goodwill, Gross Carrying Amount	705.1
Goodwill, Accumulated Impairment Charges	(18.5)
Goodwill, Net Book Value	686.6
Consumer Solutions [Member]
Goodwill, Net Book Value at December 31, 2010	492.6
Goodwill, Additions
Goodwill, Foreign Exchange and Other Adjustments	(0.4)
Goodwill, Gross Carrying Amount	492.2
Goodwill, Net Book Value	492.2
Branded Consumables [Member]
Goodwill, Net Book Value at December 31, 2010	554.3
Goodwill, Additions	4.6
Goodwill, Foreign Exchange and Other Adjustments	(2.4)
Goodwill, Gross Carrying Amount	740.4
Goodwill, Accumulated Impairment Charges	(183.9)
Goodwill, Net Book Value	556.5
Process Solutions [Member]
Goodwill, Net Book Value at December 31, 2010	21.5
Goodwill, Additions
Goodwill, Foreign Exchange and Other Adjustments
Goodwill, Gross Carrying Amount	21.5
Goodwill, Accumulated Impairment Charges
Goodwill, Net Book Value	$ 21.5

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Acquisitions (Details) In Millions, unless otherwise specified	12 Months Ended	9 Months Ended		3 Months Ended		9 Months Ended
	Dec. 31, 2010	Sep. 30, 2010 SG&A [Member] Mapa Spontex [Member] USD ($)	Sep. 30, 2010 Cost Of Sales [Member] USD ($)	Jun. 30, 2010 Mapa Spontex [Member] USD ($)	Jun. 30, 2010 Mapa Spontex [Member] EUR (€)	Sep. 30, 2011 Aero [Member]	Sep. 30, 2011 Quickie [Member]
Purchase price of acquired company				$ 275	€ 200
Total value of acquisition transaction				415	305
Number of tuck-in acquisitions completed	3
Date of acquisition				April 1, 2010	April 1, 2010	October 1, 2010	December 17, 2010
Purchase accounting adjustment related to acquisition			25.3
Transaction costs, primarily related to acquisitions		$ 20.6

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Property, Plant And Equipment (Tables)

9 Months Ended

Sep. 30, 2011

Property, Plant And Equipment

Components Of Property, Plant, And Equipment, Net

(in millions)	September 30, 2011			December 31, 2010
Land	$	49.1		$	49.6
Buildings		293.0			291.6
Machinery and equipment		1,004.6			973.9
		1,346.7			1,315.1
Less: Accumulated depreciation		(727.8	)		(656.2	)
Total property, plant and equipment, net	$	618.9		$	658.9

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Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share

Earnings Per Share

12. Earnings Per Share

The computations of the weighted average shares outstanding for the three and nine months ended September 30, 2011 and 2010 are as follows:

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2011		2010		2011		2010
Weighted average shares outstanding:
Basic		87.7		88.9		88.4		89.1
Dilutive share-based awards		0.5		0.7		0.5		0.8
Diluted		88.2		89.6		88.9		89.9

Stock options and warrants to purchase 2.4 million and 2.8 million shares of the Company's common stock at September 30, 2011 and 2010, respectively, had exercise prices that exceeded the average market price of the Company's common stock for the three months ended September 30, 2011 and 2010, respectively. As such, these share-based awards did not affect the computation of diluted earnings per share.

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Inventories

9 Months Ended

Sep. 30, 2011

Inventories

Inventories

3. Inventories

Inventories are comprised of the following at September 30, 2011 and December 31, 2010:

(in millions)	September 30, 2011		December 31, 2010
Raw materials and supplies	$	257.7	$	231.8
Work-in-process		99.0		90.8
Finished goods		1,212.5		972.0
Total inventories	$	1,569.2	$	1,294.6

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information

Schedule Of Segment Information

	Three months ended September 30, 2011
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	707.3		$	522.4		$	477.8		$	92.4		$	(15.2	)	$	1,784.7		$	—		$	1,784.7
Segment earnings (loss)		104.6			74.7			76.2			7.7			—			263.2			(23.9	)		239.3
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(1.6	)		—			—			(1.6	)		—			(1.6	)
Reorganization costs		(3.8	)		—			(2.4	)		—			—			(6.2	)		—			(6.2	)
Acquisition-related and other costs		(1.4	)		—			(1.3	)		—			—			(2.7	)		(3.7	)		(6.4	)
Depreciation and amortization		(15.7	)		(8.1	)		(12.7	)		(3.1	)		—			(39.6	)		(0.7	)		(40.3	)
Operating earnings (loss)	$	83.7		$	66.6		$	58.2		$	4.6		$	—		$	213.1		$	(28.3	)	$	184.8
Other segment data:
Total assets	$	2,881.5		$	1,968.9		$	1,982.3		$	200.8		$	—		$	7,033.5		$	155.6		$	7,189.1
	Three months ended September 30, 2010
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	604.7		$	534.0		$	393.0		$	83.5		$	(13.3	)	$	1,601.9		$	—		$	1,601.9
Segment earnings (loss)		83.9			75.0			61.5			7.8			—			228.2			(14.9	)		213.3
Adjustments to reconcile to reported operating earnings (loss):
Impairment of goodwill and intangibles		—			(0.7	)		—			—			—			(0.7	)		—			(0.7	)
Depreciation and amortization		(15.3	)		(7.1	)		(10.7	)		(2.9	)		—			(36.0	)		(0.5	)		(36.5	)
Operating earnings (loss)	$	68.6		$	67.2		$	50.8		$	4.9		$	—		$	191.5		$	(15.4	)	$	176.1
	Nine months ended September 30, 2011
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	2,157.6		$	1,258.4		$	1,297.9		$	273.7		$	(45.7	)	$	4,941.9		$	—		$	4,941.9
Segment earnings (loss)		288.2			172.3			183.5			27.1			—			671.1			(91.5	)		579.6
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(6.9	)		—			—			(6.9	)		—			(6.9	)
Reorganization costs		(3.8	)		—			(2.4	)		—			—			(6.2	)		—			(6.2	)
Acquisition-related and other costs		(1.4	)		—			(1.3	)		—			—			(2.7	)		(3.7	)		(6.4	)
Depreciation and amortization		(45.7	)		(22.8	)		(42.2	)		(9.1	)		—			(119.8	)		(1.9	)		(121.7	)
Operating earnings (loss)	$	237.3		$	149.5		$	130.7		$	18.0		$	—		$	535.5		$	(97.1	)	$	438.4
	Nine months ended September 30, 2010
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,914.7		$	1,252.5		$	946.9		$	265.2		$	(40.8	)	$	4,338.5		$	—		$	4,338.5
Segment earnings (loss)		253.1			164.5			134.3			28.2			—			580.1			(73.4	)		506.7
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(25.3	)		—			—			(25.3	)		—			(25.3	)
Acquisition-related and other costs (1)		—			—			—			—			—			—			(14.5	)		(14.5	)
Venezuela hyperinflationary and devaluation charges (see Note 1)		—			—			—			—			—			—			(78.1	)		(78.1	)
Impairment of goodwill and intangibles		—			(0.7	)		(18.3	)		—			—			(19.0	)		—			(19.0	)
Depreciation and amortization		(46.9	)		(20.7	)		(25.7	)		(8.7	)		—			(102.0	)		(1.0	)		(103.0	)
Operating earnings (loss)	$	206.2		$	143.1		$	65.0		$	19.5		$	—		$	433.8		$	(167.0	)	$	266.8

(1) Comprised of $24.6 of transactions costs, which primarily relate to acquisitions (see Note 2) and a $10.1 mark-to-market gain associated with the Company's Euro-denominated debt and intercompany loans.

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Fair Value Measurements

9 Months Ended

Sep. 30, 2011

Fair Value Measurements

Fair Value Measurements

9. Fair Value Measurements

GAAP defines three levels of inputs that may be used to measure fair value and requires that the assets or liabilities carried at fair value be disclosed by the input level under which they were valued. The input levels are defined as follows:

Level 1: Quoted market prices in active markets for identical assets and liabilities.

Level 2: Observable inputs other than defined in Level 1, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level  3: Unobservable inputs that are not corroborated by observable market data.

The following table summarizes assets and liabilities that are measured at fair value on a recurring basis as of September 30, 2011 and December 31, 2010:

	September 30, 2011								December 31, 2010
	Fair Value Asset (Liability)								Fair Value Asset (Liability)
(in millions)	Level 1		Level 2			Total			Level 1		Level 2			Total
Derivatives:
Assets	$	—	$	3.4		$	3.4		$	—	$	0.1		$	0.1
Liabilities		—		(16.7	)		(16.7	)		—		(34.5	)		(34.5	)
Available for sale securities		18.7		—			18.7			19.1		—			19.1

Derivative assets and liabilities relate to interest rate swaps, foreign currency contracts and commodity contracts (see Note 8). Fair values are determined by the Company using market prices obtained from independent brokers or determined using valuation models that use as their basis readily observable market data that is actively quoted and can be validated through external sources, including independent pricing services, brokers and market transactions. Available-for-sale securities are valued based on quoted market prices in actively traded markets.

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Employee Benefit Plans

9 Months Ended

Sep. 30, 2011

Employee Benefit Plans

Employee Benefit Plans

14. Employee Benefit Plans

The components of pension and postretirement benefit expense for the three and nine months ended September 30, 2011 and 2010 are as follows:

	Pension Benefits
	Three months ended September 30,
	2011									2010
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	0.5		$	0.5		$	—		$	0.4		$	0.4
Interest cost		4.0			0.7			4.7			4.4			0.7			5.1
Expected return on plan assets		(3.9	)		(0.4	)		(4.3	)		(3.4	)		(0.4	)		(3.8	)
Amortization, net		0.8			0.1			0.9			0.9			—			0.9
Net periodic expense		0.9			0.9			1.8			1.9			0.7			2.6
Curtailments and settlements		1.6			—			1.6			—			—			—
Total expense	$	2.5		$	0.9		$	3.4		$	1.9		$	0.7		$	2.6
	Nine months ended September 30,
	2011									2010
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	0.1		$	1.4		$	1.5		$	0.1		$	1.1		$	1.2
Interest cost		12.0			2.1			14.1			13.2			1.8			15.0
Expected return on plan assets		(11.7	)		(1.1	)		(12.8	)		(10.2	)		(1.0	)		(11.2	)
Amortization, net		2.4			0.1			2.5			2.5			—			2.5
Net periodic expense		2.8			2.5			5.3			5.6			1.9			7.5
Curtailments and settlements		1.6			—			1.6			—			—			—
Total expense	$	4.4		$	2.5		$	6.9		$	5.6		$	1.9		$	7.5

	Postretirement Benefits
	Three months ended September 30,						Nine months ended September 30,
(in millions)	2011			2010			2011			2010
Service cost	$	0.1		$	0.1		$	0.3		$	0.2
Interest cost		0.2			0.2			0.6			0.5
Amortization, net		(0.3	)		(0.2	)		(0.7	)		(0.6	)
Net periodic expense		—			0.1			0.2			0.1
Curtailments and settlements		(7.3	)		—			(7.3	)		—
Total expense (credit)	$	(7.3	)	$	0.1		$	(7.1	)	$	0.1

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Contingencies

9 Months Ended

Sep. 30, 2011

Contingencies

Contingencies

10. Contingencies

The Company is involved in various legal disputes and other legal proceedings that arise from time to time in the ordinary course of business. In addition, the Company or certain of its subsidiaries have been identified by the United States Environmental Protection Agency ("EPA") or a state environmental agency as a Potentially Responsible Party ("PRP") pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites. Based on currently available information, the Company does not believe that the disposition of any of the legal or environmental disputes the Company or its subsidiaries are currently involved in will have a material adverse effect upon the consolidated financial condition, results of operations or cash flows of the Company. It is possible that, as additional information becomes available, the impact on the Company of an adverse determination could have a different effect.

Environmental

The Company's operations are subject to certain federal, state, local and foreign environmental laws and regulations in addition to laws and regulations regarding labeling and packaging of products and the sales of products containing certain environmentally sensitive materials.

In addition to ongoing environmental compliance at its operations, the Company also is actively engaged in environmental remediation activities, the majority of which relates to divested operations and sites. Various of the Company's subsidiaries have been identified by the EPA or a state environmental agency as a PRP pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites (collectively, the "Environmental Sites"). The Company has established reserves to cover the anticipated probable costs of investigation and remediation, based upon periodic reviews of all sites for which they have, or may have, remediation responsibility. The Company accrues environmental investigation and remediation costs when it is probable that a liability has been incurred, the amount of the liability can be reasonably estimated and their responsibility for the liability is established. Generally, the timing of these accruals coincides with the earlier of a formal commitment to an investigation plan, completion of a feasibility study or a commitment to a formal plan of action. The Company accrues its best estimate of investigation and remediation costs based upon facts known at such dates, and because of the inherent difficulties in estimating the ultimate amount of environmental costs, which are further described below, these estimates may materially change in the future as a result of the uncertainties described below. Estimated costs, which are based upon experience with similar sites and technical evaluations, are judgmental in nature and are recorded at discounted amounts without considering the impact of inflation and are adjusted periodically to reflect changes in applicable laws or regulations, changes in available technologies and receipt by the Company of new information. It is difficult to estimate the ultimate level of future environmental expenditures due to a number of uncertainties surrounding environmental liabilities. These uncertainties include the applicability of laws and regulations, changes in environmental remediation requirements, the enactment of additional regulations, uncertainties surrounding remediation procedures including the development of new technology, the identification of new sites for which various of the Company's subsidiaries could be a PRP, information relating to the exact nature and extent of the contamination at each Environmental Site and the extent of required cleanup efforts, the uncertainties with respect to the ultimate outcome of issues which may be actively contested and the varying costs of alternative remediation strategies.

Due to the uncertainty described above, the Company's ultimate future liability with respect to sites at which remediation has not been completed may vary from the amounts reserved as of September 30, 2011.

The Company believes that the costs of completing environmental remediation of all sites for which the Company has a remediation responsibility have been adequately reserved and that the ultimate resolution of these matters will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

Litigation

The Company and/or its subsidiaries are involved in various lawsuits arising from time to time that the Company considers ordinary routine litigation incidental to its business. Amounts accrued for litigation matters represent the anticipated costs (damages and/or settlement amounts) in connection with pending litigation and claims and related anticipated legal fees for defending such actions. The costs are accrued when it is both probable that a liability has been incurred and the amount can be reasonably estimated. The accruals are based upon the Company's assessment, after consultation with counsel (if deemed appropriate), of probable loss based on the facts and circumstances of each case, the legal issues involved, the nature of the claim made, the nature of the damages sought and any relevant information about the plaintiffs and other significant factors that vary by case. When it is not possible to estimate a specific expected cost to be incurred, the Company evaluates the range of probable loss and records the minimum end of the range. The Company believes that anticipated probable costs of litigation matters have been adequately reserved to the extent determinable. Based on current information, the Company believes that the ultimate conclusion of the various pending litigation of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

As a consumer goods manufacturer and distributor, the Company and/or its subsidiaries face the risk of product liability and related lawsuits involving claims for substantial money damages, product recall actions and higher than anticipated rates of warranty returns or other returns of goods.

The Company and/or its subsidiaries are therefore party to various personal injury and property damage lawsuits relating to their products and incidental to their business. Annually, the Company sets its product liability insurance program which is an occurrence-based program based on the Company and its subsidiaries' current and historical claims experience and the availability and cost of insurance. The Company's product liability insurance program generally includes a self-insurance retention per occurrence.

Cumulative amounts estimated to be payable by the Company with respect to pending and potential claims for all years in which the Company is liable under its self-insurance retention have been accrued as liabilities. Such accrued liabilities are based on estimates (which include actuarial determinations made by an independent actuarial consultant as to liability exposure, taking into account prior experience, number of claims and other relevant factors); thus, the Company's ultimate liability may exceed or be less than the amounts accrued. The methods of making such estimates and establishing the resulting liability are reviewed on a regular basis and any adjustments resulting therefrom are reflected in current operating results.

Based on current information, the Company believes that the ultimate conclusion of the various pending product liability claims and lawsuits of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

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Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2011

Comprehensive Income

Components Of Comprehensive Income

	Three months ended September 30,					Nine months ended September 30,
(in millions)	2011		2010			2011		2010
Net income	$	90.7	$	80.6		$	183.6	$	60.0
Foreign currency translation		(68.3)		51.2			(20.6)		0.3
Derivative financial instruments		9.1		(9.7	)		6.8		(1.0	)
Accrued benefit costs		0.8		0.6			5.3		1.0
Unrealized gain (loss) on investment		(0.3)		1.2			(0.3)		0.2
Comprehensive income	$	32.0	$	123.9		$	174.8	$	60.5

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Derivative And Other Hedging Financial Instruments

9 Months Ended

Sep. 30, 2011

Derivative And Other Hedging Financial Instruments

Derivative And Other Hedging Financial Instruments

8. Derivative and Other Hedging Financial Instruments

Interest Rate Contracts

The Company manages its fixed and floating rate debt mix using interest rate swaps. The Company uses fixed and floating rate swaps to alter its exposure to the impact of changing interest rates on its consolidated results of operations and future cash outflows for interest. Floating rate swaps are used, depending on market conditions, to convert the fixed rates of long-term debt into short-term variable rates. Fixed rate swaps are used to reduce the Company's risk of the possibility of increased interest costs. Interest rate swap contracts are therefore used by the Company to separate interest rate risk management from the debt funding decision.

Fair Values Hedges

During 2011, the Company terminated $350 notional amount outstanding in swap agreements that exchange a fixed rate of interest for a variable rate (LIBOR) of interest and received $8.4 in net proceeds. These floating rate swaps, which were to mature in 2017, were designated as fair value hedges against $350 of principal on the 7 ¹/2% senior subordinated notes due 2017. The gain on the termination of these swaps is deferred and is being amortized over the remaining contractual term of the terminated swaps.

Cash Flow Hedges

During 2011, the Company entered into an aggregate $350 notional amount of interest rate swaps that exchange a variable rate of interest (LIBOR) for an average fixed rate of interest of approximately 1.5% over the term of the agreements, which mature on December 31, 2015. These swaps are forward-starting and are effective commencing December 31, 2013. The Company has designated these swaps as cash flow hedges of the interest rate risk attributable to forecasted variable interest (LIBOR) payments.

At September 30, 2011, the Company had $1.0 billion notional amount outstanding in swap agreements, which include $550 notional amount of forward-starting swaps that become effective commencing December 30, 2011 ($200 notional amount) and December 31, 2013 ($350 notional amount), that exchange variable interest rates (LIBOR) for fixed interest rates over the terms of the agreements and are designated as cash flow hedges of the interest rate risk attributable to forecasted variable interest payments and have maturity dates through December 2015. At September 30, 2011, the weighted average fixed rate of interest on these swaps, excluding the forward-starting swap, was approximately 1.7%. The effective portion of the after tax fair value gains or losses on these swaps is included as a component of accumulated other comprehensive income (loss) ("AOCI").

In October 2011, the Company terminated a $250 notional amount outstanding swap agreement that exchanged a variable interest rate (LIBOR) for a fixed interest rate and paid $0.9. This fixed rate swap, which was to mature on December 31, 2011, was designated as cash flow hedge of the interest rate risk attributable to forecasted variable interest. The loss on the termination of this swap is deferred and is being amortized over the remaining contractual term of the terminated swap.

Forward Foreign Currency Contracts

The Company uses forward foreign currency contracts ("foreign currency contracts") to mitigate the foreign currency exchange rate exposure on the cash flows related to forecasted inventory purchases and sales, that have maturity dates through June 2013. The derivatives used to hedge these forecasted transactions that meet the criteria for hedge accounting are accounted for as cash flow hedges. The effective portion of the gains or losses on these derivatives is deferred as a component of AOCI and is recognized in earnings at the same time that the hedged item affects earnings and is included in the same caption in the statements of operations as the underlying hedged item. At September 30, 2011, the Company had approximately $566 notional amount of foreign currency contracts outstanding that are designated as cash flow hedges of forecasted inventory purchases and sales.

At September 30, 2011, the Company had outstanding approximately $198 notional amount of foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through December 2012. Fair market value gains or losses are included in the results of operations and are classified in SG&A.

Commodity Contracts

The Company enters into commodity-based derivatives in order to mitigate the risk that the rising price of these commodities could have on the cost of certain of the Company's raw materials. These commodity-based derivatives provide the Company with cost certainty, and in certain instances allow the Company to benefit should the cost of the commodity fall below certain dollar thresholds. At September 30, 2011, the Company had outstanding approximately $18 notional amount of commodity-based derivatives that are not designated as effective hedges for accounting purposes and have maturity dates through December 2012. Fair market value gains or losses are included in the results of operations and are classified in SG&A.

The following table presents the fair value of derivative financial instruments as of September 30, 2011 and December 31, 2010:

	September 30, 2011				December 31, 2010
	Fair Value of Derivatives				Fair Value of Derivatives
(in millions)	Asset (a)		Liability (a)		Asset (a)		Liability (a)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	0.5	$	9.5	$	—	$	5.3
Foreign currency contracts		7.9		10.2		4.5		18.9
Fair value hedges:
Interest rate swaps		—		—		—		10.2
Cross-currency swaps		—		—		—		4.1
Subtotal		8.4		19.7		4.5		38.5
Derivatives not designated as effective hedges:
Foreign currency contracts		1.2		1.9		1.3		2.6
Commodity contracts		—		1.3		0.9		—
Subtotal		1.2		3.2		2.2		2.6
Total	$	9.6	$	22.9	$	6.7	$	41.1

(a)    Consolidated balance sheet location:
Asset:     Other non-current assets
Liability: Other non-current liabilities

The following table presents gain and loss activity (on a pretax basis) for the three and nine months ended September 30, 2011 and 2010 related to derivative financial instruments designated as effective hedges:

	Three Months Ended September 30, 2011								Three Months Ended September 30, 2010
	Gain/(Loss)								Gain/(Loss)
(in millions)	Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)		Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	(1.2	)		—		$	—	$	(1.8	)		0.4		$	—
Foreign currency contracts		8.2			(5.6	)		2.7		(13.3	)		(0.9	)		(1.7	)
Total	$	7.0			(5.6	)	$	2.7	$	(15.1	)		(0.5	)	$	(1.7	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	(0.6	)	$	—				$	—		$	—
Cost of sales					(5.0	)		—					(0.9	)		—
SG&A					—			2.7					—			(1.7	)
Interest expense					—			—					0.4			—
Total				$	(5.6	)	$	2.7				$	(0.5	)	$	(1.7	)

	Nine Months Ended September 30, 2011									Nine Months Ended September 30, 2010
	Gain/(Loss)									Gain/(Loss)
(in millions)	Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)			Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	(3.7	)	$	—		$	—		$	4.0		$	1.9		$	—
Foreign currency contracts		(3.5	)		(16.2	)		(2.9	)		(11.3	)		(7.5	)		(2.7	)
Total	$	(7.2	)	$	(16.2	)	$	(2.9	)	$	(7.3	)	$	(5.6	)	$	(2.7	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	(1.0	)	$	—					$	0.4		$	—
Cost of sales					(15.2	)		—						(7.9	)		—
SG&A					—			(2.9	)					—			(2.7	)
Interest expense					—			—						1.9			—
Total				$	(16.2	)	$	(2.9	)				$	(5.6	)	$	(2.7	)

(a) Represents effective portion recognized in Other Comprehensive Income ("OCI").

(b) Represents portion excluded from effectiveness testing.

At September 30, 2011, deferred net losses of approximately $3 within AOCI are expected to be reclassified to earnings over the next twelve months.

The following table presents gain and loss activity (on a pretax basis) for the three and nine months ended September 30, 2011 and 2010 related to derivative financial instruments not designated as effective hedges:

	Gain/(Loss) Recognized in Income (a)
	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions)	2011			2010			2011			2010
Derivatives not designated as effective hedges:
Cash flow derivatives:
Interest rate swaps	$	—		$	—		$	—		$	0.9
Foreign currency contracts		(0.1	)		(2.0	)		(1.0	)		(9.2	)
Commodity contracts		(1.6	)		1.0			(1.6	)		0.6
Fair value derivatives:
Interest rate swaps		0.2			—			0.2			18.6
Total	$	(1.5	)	$	(1.0	)	$	(2.4	)	$	10.9

(a) Classified in SG&A.

Net Investment Hedge

The Company has designated its Euro-denominated 7 ¹/2% senior subordinated notes due 2020, with an aggregate principal balance of €150 (the "Hedging Instrument"), as a net investment hedge of the foreign currency exposure of its net investment in certain Euro-denominated subsidiaries. Foreign currency gains and losses on the Hedging Instrument are included as a component of AOCI. At September 30, 2011, $13.6 of deferred losses have been recorded in AOCI.

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Fair Value Measurements (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Derivatives, Assets	$ 3.4	$ 0.1
Derivatives, Liabilities	(16.7)	(34.5)
Derivatives, Available for sale securities	18.7	19.1
Level 1 [Member]
Derivatives, Assets
Derivatives, Liabilities
Derivatives, Available for sale securities	18.7	19.1
Level 2 [Member]
Derivatives, Assets	3.4	0.1
Derivatives, Liabilities	(16.7)	(34.5)
Derivatives, Available for sale securities

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Basis Of Presentation And Significant Accounting Policies

9 Months Ended

Sep. 30, 2011

Basis Of Presentation And Significant Accounting Policies

Basis Of Presentation And Significant Accounting Policies

1. Basis of Presentation and Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed consolidated interim financial statements of Jarden Corporation and its subsidiaries (hereinafter referred to as the "Company" or "Jarden") have been prepared in accordance with generally accepted accounting principles in the United States of America ("GAAP") for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission ("SEC"). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements reflect all adjustments that are, in the opinion of management, normal and recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at December 31, 2010 has been derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company's latest Annual Report on Form 10-K for the fiscal year ended December 31, 2010.

Supplemental Information

Stock-based compensation costs, which are included in selling, general and administrative expenses ("SG&A"), were $3.2 and $4.9 for the three months ended September 30, 2011 and 2010, respectively, and $22.1 and $25.5 for the nine months ended September 30, 2011 and 2010, respectively.

Interest expense is net of interest income of $2.7 and $1.0 for the three months ended September 30, 2011 and 2010, respectively, and $5.3 and $3.9, for the nine months ended September 30, 2011 and 2010, respectively.

Venezuela Operations

Effective January 1, 2010, the Company's subsidiaries operating in Venezuela are considered under GAAP to be operating in a highly inflationary economy based on the use of the blended National Consumer Price Index (a blend of the National Consumer Price Index subsequent to January 1, 2008 and the Consumer Price Index for Caracas and Maracaibo prior to January 1, 2008), as the Venezuela economy exceeded the three year cumulative inflation rate of 100%. The Company's financial statements of its subsidiaries operating in Venezuela are remeasured as if their functional currency were the U.S. dollar. As such, gains and losses resulting from the remeasurement of monetary assets and liabilities are reflected in current earnings.

In January 2010, the Venezuelan government announced its intention to devalue its currency (Bolivar) relative to the U.S. dollar. The official exchange rate for imported goods classified as essential, such as food and medicine, changed from 2.15 to 2.60 Bolivars per U.S. dollar, while payments for other non-essential goods moved to an official exchange rate of 4.30 Bolivars per U.S. dollar. As such, beginning in 2010, the financial statements of the Company's subsidiaries operating in Venezuela are remeasured at and are reflected in the Company's consolidated financial statements at the official exchange rate of 4.30, which is the Company's expected settlement rate.

As a result of the change in the official exchange rate, the results of operations for the nine months ended September 30, 2010 include a non-cash charge of $21.5, primarily reflecting the write-down of monetary assets as of January 1, 2010. This charge is classified in SG&A.

In March 2010, the SEC provided guidance on certain exchange rate issues specific to Venezuela. This SEC guidance, in part, requires that any differences between the amounts reported for financial reporting purposes and actual U.S. dollar-denominated balances that may have existed prior to the application of the highly inflationary accounting requirements (effective January 1, 2010 for the Company) should be recognized in the income statement. As a result of applying this SEC guidance, the results of operations for the nine months ended September 30, 2010 include a non-cash charge of $56.6 classified in SG&A related to remeasuring U.S. dollar-denominated assets at the parallel exchange rate and subsequently translating at the official exchange rate. This SEC guidance was codified by the Financial Accounting Standards Board (the "FASB") in May 2010, with the issuance of Accounting Standards Update ("ASU") 2010-19.

 

New Accounting Guidance

In September 2011, the FASB issued ASU 2011-08, "Testing Goodwill for Impairment" ("ASU 2011-08"). ASU 2011-08 allows a company to first assess qualitative factors to determine whether it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. The more-likely-than-not threshold is defined as having a likelihood of more than 50 percent. The provisions of ASU 2011-08 are effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011 with early adoption permitted. The adoption of the provisions of ASU 2011-08 are not expected to have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

In June 2011, the FASB issued ASU 2011-05, "Presentation of Comprehensive Income" ("ASU 2011-05"). ASU 2011-05 requires companies to present the total of comprehensive income, the components of net income and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The provisions of ASU 2011-05 are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Since ASU 2011-05 amends the disclosure requirements concerning comprehensive income, the adoption of ASU 2011-05 will not affect the consolidated financial position, results of operations or cash flows of the Company.

Adoption of New Accounting Guidance

In July 2010, the FASB issued ASU 2010-20, "Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses" ("ASU 2010-20"). ASU 2010-20 requires companies to provide additional disclosures about the credit quality of their financing receivables and the credit reserves held against them. The additional disclosures include, in part, aging of past due receivables, credit quality indicators and the modification of financing receivables. ASU 2010-20 also requires companies to disaggregate new and existing disclosures based on how the allowance for credit losses is developed and credit exposures are managed. Short-term trade accounts receivable and receivables measured at fair value or lower of cost or fair value are exempt from the quantitative disclosure requirements of ASU 2010-20. Since ASU 2010-20, which was effective for the Company beginning in 2011, requires only additional disclosures concerning financing receivables and the allowance for credit losses, the adoption of the provisions of ASU 2010-20 did not affect the consolidated financial position, results of operations or cash flows of the Company.

In January 2010, the FASB issued ASU 2010-06, "Fair Value Measurements and Disclosures" ("ASU 2010-06"). ASU 2010-06 requires companies to provide additional disclosures related to transfers in and out of Level 1 and Level 2 and in the reconciliation of Level 3 fair value measurements. ASU 2010-06 was effective for interim and annual reporting periods beginning on or after December 15, 2009, except for the disclosures related to the reconciliation of Level 3 fair value measurements, which was effective for the Company beginning in 2011. Since ASU 2010-06 requires only additional disclosures, the adoption of ASU 2010-06 did not affect the consolidated financial position, results of operations or cash flows of the Company.

In October 2009, the FASB issued ASU 2009-13, "Revenue Recognition" ("ASU 2009-13"). ASU 2009-13 requires companies to allocate revenue in multiple-element arrangements based on an element's estimated selling price if vendor-specific or other third-party evidence of value is not available. ASU 2009-13 was effective for the Company beginning in 2011. The adoption of the provisions of ASU 2009-13 did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

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Property, Plant And Equipment

9 Months Ended

Sep. 30, 2011

Property, Plant And Equipment

Property, Plant And Equipment

4. Property, Plant and Equipment

Property, plant and equipment, net, consist of the following at September 30, 2011 and December 31, 2010:

(in millions)	September 30, 2011			December 31, 2010
Land	$	49.1		$	49.6
Buildings		293.0			291.6
Machinery and equipment		1,004.6			973.9
		1,346.7			1,315.1
Less: Accumulated depreciation		(727.8	)		(656.2	)
Total property, plant and equipment, net	$	618.9		$	658.9

Depreciation of property, plant and equipment was $35.6 and $32.8 for the three months ended September 30, 2011 and 2010, respectively, and $107.6 and $90.5 for the nine months ended September 30, 2011 and 2010, respectively.

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Property, Plant And Equipment (Narrative) (Details) (USD $) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Property, Plant And Equipment
Depreciation of property, plant and equipment	$ 35.6	$ 32.8	$ 107.6	$ 90.5

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2011

Earnings Per Share

Computation Of Weighted Average Shares Outstanding

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2011		2010		2011		2010
Weighted average shares outstanding:
Basic		87.7		88.9		88.4		89.1
Dilutive share-based awards		0.5		0.7		0.5		0.8
Diluted		88.2		89.6		88.9		89.9

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Reorganization Costs (Accrued Reorganization Costs) (Details) (USD $) In Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2011
Accrual Balance at December 31, 2010		$ 10.0
Reorganization costs	6.2	6.2
Payments		(7.5)
Foreign Currency and Other		(0.5)
Accrual Balance at September 30,2011	8.2	8.2
Severance And Other Employee-Related [Member]
Accrual Balance at December 31, 2010		0.5
Reorganization costs		0.6
Payments		(0.5)
Foreign Currency and Other		(0.2)
Accrual Balance at September 30,2011	0.4	0.4
Other Costs [Member]
Accrual Balance at December 31, 2010		9.5
Reorganization costs		5.6
Payments		(7.0)
Foreign Currency and Other		(0.3)
Accrual Balance at September 30,2011	$ 7.8	$ 7.8

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Condensed Consolidating Financial Data (Condensed Consolidating Results Of Operations) (Details) (USD $) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Net sales	$ 1,784.7	$ 1,601.9	$ 4,941.9	$ 4,338.5
Costs and expenses	1,599.9	1,425.8	4,503.5	4,071.7
Operating earnings (loss)	184.8	176.1	438.4	266.8
Other expense, net	94.1	95.5	254.8	206.8
Equity in the income of subsidiaries
Net income	90.7	80.6	183.6	60.0
Parent [Member]
Net sales
Costs and expenses	12.1	24.1	93.1	106.6
Operating earnings (loss)	(12.1)	(24.1)	(93.1)	(106.6)
Other expense, net	76.2	68.2	196.8	148.2
Equity in the income of subsidiaries	179.0	172.9	473.5	314.8
Net income	90.7	80.6	183.6	60.0
Guarantor Subsidiaries [Member]
Net sales	1,022.5	927.7	2,872.9	2,710.5
Costs and expenses	918.5	794.1	2,540.4	2,393.5
Operating earnings (loss)	104.0	133.6	332.5	317.0
Other expense, net	8.6	5.6	24.8	9.5
Equity in the income of subsidiaries	79.5	42.0	158.6	(3.3)
Net income	174.9	170.0	466.3	304.2
Non-Guarantor Subsidiaries [Member]
Net sales	799.0	702.6	2,186.5	1,723.8
Costs and expenses	706.1	636.0	1,987.5	1,667.4
Operating earnings (loss)	92.9	66.6	199.0	56.4
Other expense, net	9.3	21.7	33.2	49.1
Equity in the income of subsidiaries
Net income	83.6	44.9	165.8	7.3
Eliminations [Member]
Net sales	(36.8)	(28.4)	(117.5)	(95.8)
Costs and expenses	(36.8)	(28.4)	(117.5)	(95.8)
Operating earnings (loss)
Other expense, net
Equity in the income of subsidiaries	(258.5)	(214.9)	(632.1)	(311.5)
Net income	$ (258.5)	$ (214.9)	$ (632.1)	$ (311.5)

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Derivative And Other Hedging Financial Instruments (Gain And Loss Activity On Derivative Financial Instruments Not Designated As Effective Hedges) (Details) (Derivatives Not Designated As Effective Hedges [Member], USD $) In Millions	3 Months Ended				9 Months Ended
	Sep. 30, 2011		Sep. 30, 2010		Sep. 30, 2011		Sep. 30, 2010
Gain/(Loss) Recognized in Income	$ (1.5)	[1]	$ (1.0)	[1]	$ (2.4)	[1]	$ 10.9	[1]
Fair Value Derivatives [Member] | Interest Rate Swaps [Member]
Gain/(Loss) Recognized in Income	0.2	[1]		[1]	0.2	[1]	18.6	[1]
Cash Flow Derivatives [Member] | Interest Rate Swaps [Member]
Gain/(Loss) Recognized in Income		[1]		[1]		[1]	0.9	[1]
Interest Rate Swaps [Member]
Gain/(Loss) Recognized in Income		[1]		[1]		[1]
Cash Flow Derivatives [Member] | Foreign Currency Contracts [Member]
Gain/(Loss) Recognized in Income	(0.1)	[1]	(2.0)	[1]	(1.0)	[1]	(9.2)	[1]
Cash Flow Derivatives [Member] | Commodity Contracts [Member]
Gain/(Loss) Recognized in Income	$ (1.6)	[1]	$ 1.0	[1]	$ (1.6)	[1]	$ 0.6	[1]

[1] Classified in SG&A.

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Goodwill And Intangibles

9 Months Ended

Sep. 30, 2011

Goodwill And Intangibles

Goodwill And Intangibles

5. Goodwill and Intangibles

Goodwill activity for the nine months ended September 30, 2011 is as follows:

								September 30, 2011
(in millions)	Net Book Value at December 31, 2010		Additions		Foreign Exchange and Other Adjustments			Gross Carrying Amount		Accumulated Impairment Charges			Net Book Value
Goodwill
Outdoor Solutions	$	684.0	$	2.5	$	0.1		$	705.1	$	(18.5	)	$	686.6
Consumer Solutions		492.6		—		(0.4	)		492.2		—			492.2
Branded Consumables		554.3		4.6		(2.4	)		740.4		(183.9	)		556.5
Process Solutions		21.5		—		—			21.5		—			21.5
	$	1,752.4	$	7.1	$	(2.7	)	$	1,959.2	$	(202.4	)	$	1,756.8

Intangibles activity for the nine months ended September 30, 2011 is as follows:

(in millions)	Gross Carrying Amount at December 31, 2010		Additions		Accumulated Amortization and Foreign Exchange			Net Book Value at September 30, 2011		Amortization Periods (years)
Intangibles
Patents	$	7.2	$	0.3	$	(2.1	)	$	5.4		12-30
Non-compete agreements		3.7		—		(3.7	)		—		1-5
Manufacturing process and expertise		42.1		—		(32.8	)		9.3		3-7
Brand names		18.3		—		(3.0	)		15.3		4-20
Customer relationships and distributor channels		253.6		—		(39.3	)		214.3		10-35
Trademarks and tradenames		925.4		—		0.1			925.5		indefinite
	$	1,250.3	$	0.3	$	(80.8	)	$	1,169.8

Amortization of intangibles was $4.7 and $3.7 for the three months ended September 30, 2011 and 2010, respectively, and $14.1 and $12.5 for the nine months ended September 30, 2011 and 2010, respectively.

During the nine months ended September 30, 2010, the Company recorded within the Branded Consumables segment a non-cash charge of $17.3 to reflect impairment of goodwill due to a decrease in the fair value of forecasted cash flows, reflecting the deterioration of revenues and margins in this segment's Arts and Crafts business due to a decline in 2010 of forecasted sales to a major customer; and a non-cash charge of $1.0 to reflect the impairment of certain tradenames within this segment's Arts and Crafts business due to a decrease in the fair value of forecasted cash flows, reflecting the deterioration of revenues and margins in the business due to a decline in 2010 of forecasted sales to a major customer.

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Goodwill And Intangibles (Narrative) (Details) (USD $) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Amortization of intangible assets	$ 4.7	$ 3.7	$ 14.1	$ 12.5
Branded Consumables [Member]
Impairment of goodwill				17.3
Impairment of intangible assets				$ 1.0

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Debt (Tables)

9 Months Ended

Sep. 30, 2011

Debt

Components Of Debt

(in millions)	September 30, 2011			December 31, 2010
Senior Secured Credit Facility Term Loans	$	1,009.4		$	1,059.8
8% Senior Notes due 2016 (1)		294.4			293.6
6 1/8% Senior Notes due 2022 (1)		300.0			300.0
7 1/2% Senior Subordinated Notes due 2017 (2)		656.8			639.8
7 1/2% Senior Subordinated Notes due 2020 (2)		474.5			470.2
Securitization Facility due 2014		300.0			300.0
Revolving Credit Facility		—			—
2% Subordinated Note due 2012		99.4			98.4
Non-U.S. borrowings		37.1			62.0
Other		8.0			16.8
Total debt (3)		3,179.6			3,240.6
Less: current portion		(162.9	)		(434.6	)
Total long-term debt	$	3,016.7		$	2,806.0

(1) Collectively, the "Senior Notes."

(2) Collectively, the "Senior Subordinated Notes."

(3) At September 30, 2011 and December 31, 2010, the carrying value of total debt approximates fair market value.

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Condensed Consolidating Financial Data (Condensed Consolidating Statements Of Cash Flows) (Details) (USD $) In Millions	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Net cash provided by (used in) operating activities	$ 24.5	$ 14.2
Net change in short-term debt	2.7	59.1
Proceeds (payments) from (to) intercompany transactions
Proceeds from issuance of long-term debt	1,025.0	486.1
Payments on long-term debt	(1,102.8)	(258.2)
Issuance (repurchase) of common stock, net	(84.1)	(33.2)
Dividends paid	(22.6)	(21.4)
Other	(5.2)	(22.7)
Net cash provided by (used in) financing activities	(187.0)	209.7
Additions to property, plant and equipment	(79.4)	(95.6)
Acquisition of business and earnout payments, net of cash acquired	(13.4)	(489.5)
Other	4.8	9.8
Net cash used in investing activities	(88.0)	(575.3)
Effect of exchange rate changes on cash	1.4	(19.9)
Net increase (decrease) in cash and cash equivalents	(249.1)	(371.3)
Cash and cash equivalents at beginning of period	695.4	827.4
Cash and cash equivalents at end of period	446.3	456.1
Parent [Member]
Net cash provided by (used in) operating activities	(335.9)	(319.9)
Proceeds (payments) from (to) intercompany transactions	338.4	312.8
Proceeds from issuance of long-term debt	1,025.0	486.1
Payments on long-term debt	(1,102.8)	(258.2)
Issuance (repurchase) of common stock, net	(84.1)	(33.2)
Dividends paid	(22.6)	(21.4)
Other	(5.2)	(22.7)
Net cash provided by (used in) financing activities	148.7	463.4
Additions to property, plant and equipment	(1.5)	(26.8)
Acquisition of business and earnout payments, net of cash acquired	(0.9)	(484.2)
Other		(9.3)
Net cash used in investing activities	(2.4)	(520.3)
Effect of exchange rate changes on cash
Net increase (decrease) in cash and cash equivalents	(189.6)	(376.8)
Cash and cash equivalents at beginning of period	287.1	537.9
Cash and cash equivalents at end of period	97.5	161.1
Guarantor Subsidiaries [Member]
Net cash provided by (used in) operating activities	363.4	339.4
Net change in short-term debt		50.0
Proceeds (payments) from (to) intercompany transactions	(286.5)	(324.7)
Proceeds from issuance of long-term debt
Payments on long-term debt
Issuance (repurchase) of common stock, net
Dividends paid
Other
Net cash provided by (used in) financing activities	(286.5)	(274.7)
Additions to property, plant and equipment	(67.1)	(55.5)
Acquisition of business and earnout payments, net of cash acquired	(12.5)	(4.5)
Other
Net cash used in investing activities	(79.6)	(60.0)
Effect of exchange rate changes on cash
Net increase (decrease) in cash and cash equivalents	(2.7)	4.7
Cash and cash equivalents at beginning of period	15.5	13.8
Cash and cash equivalents at end of period	12.8	18.5
Non-Guarantor Subsidiaries [Member]
Net cash provided by (used in) operating activities	(3.0)	(5.3)
Net change in short-term debt	2.7	9.1
Proceeds (payments) from (to) intercompany transactions	(51.9)	11.9
Proceeds from issuance of long-term debt
Payments on long-term debt
Issuance (repurchase) of common stock, net
Dividends paid
Other
Net cash provided by (used in) financing activities	(49.2)	21.0
Additions to property, plant and equipment	(10.8)	(13.3)
Acquisition of business and earnout payments, net of cash acquired		(0.8)
Other	4.8	19.1
Net cash used in investing activities	(6.0)	5.0
Effect of exchange rate changes on cash	1.4	(19.9)
Net increase (decrease) in cash and cash equivalents	(56.8)	0.8
Cash and cash equivalents at beginning of period	392.8	275.7
Cash and cash equivalents at end of period	$ 336.0	$ 276.5

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Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2011

Pension Benefits [Member]

Components Of Pension And Postretirement Benefit Expense

	Pension Benefits
	Three months ended September 30,
	2011									2010
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	0.5		$	0.5		$	—		$	0.4		$	0.4
Interest cost		4.0			0.7			4.7			4.4			0.7			5.1
Expected return on plan assets		(3.9	)		(0.4	)		(4.3	)		(3.4	)		(0.4	)		(3.8	)
Amortization, net		0.8			0.1			0.9			0.9			—			0.9
Net periodic expense		0.9			0.9			1.8			1.9			0.7			2.6
Curtailments and settlements		1.6			—			1.6			—			—			—
Total expense	$	2.5		$	0.9		$	3.4		$	1.9		$	0.7		$	2.6
	Nine months ended September 30,
	2011									2010
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	0.1		$	1.4		$	1.5		$	0.1		$	1.1		$	1.2
Interest cost		12.0			2.1			14.1			13.2			1.8			15.0
Expected return on plan assets		(11.7	)		(1.1	)		(12.8	)		(10.2	)		(1.0	)		(11.2	)
Amortization, net		2.4			0.1			2.5			2.5			—			2.5
Net periodic expense		2.8			2.5			5.3			5.6			1.9			7.5
Curtailments and settlements		1.6			—			1.6			—			—			—
Total expense	$	4.4		$	2.5		$	6.9		$	5.6		$	1.9		$	7.5

Postretirement Benefits [Member]

Components Of Pension And Postretirement Benefit Expense

	Postretirement Benefits
	Three months ended September 30,						Nine months ended September 30,
(in millions)	2011			2010			2011			2010
Service cost	$	0.1		$	0.1		$	0.3		$	0.2
Interest cost		0.2			0.2			0.6			0.5
Amortization, net		(0.3	)		(0.2	)		(0.7	)		(0.6	)
Net periodic expense		—			0.1			0.2			0.1
Curtailments and settlements		(7.3	)		—			(7.3	)		—
Total expense (credit)	$	(7.3	)	$	0.1		$	(7.1	)	$	0.1

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Property, Plant And Equipment (Components Of Property, Plant And Equipment, Net) (Details) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Property, Plant And Equipment
Land	$ 49.1	$ 49.6
Buildings	293.0	291.6
Machinery and equipment	1,004.6	973.9
Total property, plant and equipment, gross	1,346.7	1,315.1
Less: Accumulated depreciation	(727.8)	(656.2)
Total property, plant and equipment, net	$ 618.9	$ 658.9

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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2011

Fair Value Measurements

Fair Value Of Assets And Liabilities Measured On Recurring Basis

	September 30, 2011								December 31, 2010
	Fair Value Asset (Liability)								Fair Value Asset (Liability)
(in millions)	Level 1		Level 2			Total			Level 1		Level 2			Total
Derivatives:
Assets	$	—	$	3.4		$	3.4		$	—	$	0.1		$	0.1
Liabilities		—		(16.7	)		(16.7	)		—		(34.5	)		(34.5	)
Available for sale securities		18.7		—			18.7			19.1		—			19.1

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Comprehensive Income

9 Months Ended

Sep. 30, 2011

Comprehensive Income

Comprehensive Income

13. Comprehensive Income

The components of comprehensive income for the three and nine months ended September 30, 2011 and 2010 are as follows:

	Three months ended September 30,					Nine months ended September 30,
(in millions)	2011		2010			2011		2010
Net income	$	90.7	$	80.6		$	183.6	$	60.0
Foreign currency translation		(68.3)		51.2			(20.6)		0.3
Derivative financial instruments		9.1		(9.7	)		6.8		(1.0	)
Accrued benefit costs		0.8		0.6			5.3		1.0
Unrealized gain (loss) on investment		(0.3)		1.2			(0.3)		0.2
Comprehensive income	$	32.0	$	123.9		$	174.8	$	60.5

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Employee Benefit Plans (Components Of Pension And Postretirement Benefit Expense) (Details) (USD $) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Domestic [Member]
Service cost			$ 0.1	$ 0.1
Interest cost	4.0	4.4	12.0	13.2
Expected return on plan assets	(3.9)	(3.4)	(11.7)	(10.2)
Amortization, net	0.8	0.9	2.4	2.5
Net periodic expense	0.9	1.9	2.8	5.6
Curtailments and settlements	1.6		1.6
Total expense	2.5	1.9	4.4	5.6
Foreign [Member]
Service cost	0.5	0.4	1.4	1.1
Interest cost	0.7	0.7	2.1	1.8
Expected return on plan assets	(0.4)	(0.4)	(1.1)	(1.0)
Amortization, net	0.1		0.1
Net periodic expense	0.9	0.7	2.5	1.9
Curtailments and settlements
Total expense	0.9	0.7	2.5	1.9
Pension Benefits [Member]
Service cost	0.5	0.4	1.5	1.2
Interest cost	4.7	5.1	14.1	15.0
Expected return on plan assets	(4.3)	(3.8)	(12.8)	(11.2)
Amortization, net	0.9	0.9	2.5	2.5
Net periodic expense	1.8	2.6	5.3	7.5
Curtailments and settlements	1.6		1.6
Total expense	3.4	2.6	6.9	7.5
Postretirement Benefits [Member]
Service cost	0.1	0.1	0.3	0.2
Interest cost	0.2	0.2	0.6	0.5
Amortization, net	(0.3)	(0.2)	(0.7)	(0.6)
Net periodic expense		0.1	0.2	0.1
Curtailments and settlements	(7.3)		(7.3)
Total expense	$ (7.3)	$ 0.1	$ (7.1)	$ 0.1

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Condensed Consolidating Financial Data (Condensed Consolidating Balance Sheets) (Details) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Current assets	$ 3,516.4	$ 3,370.8
Investment in subsidiaries
Non-current assets	3,672.7	3,722.2
Total assets	7,189.1	7,093.0
Current liabilities	1,474.0	1,677.2
Non-current liabilities	3,803.6	3,595.3
Stockholders' equity	1,911.5	1,820.5
Total liabilities and stockholders' equity	7,189.1	7,093.0
Parent [Member]
Current assets	122.5	314.6
Investment in subsidiaries	5,768.4	5,340.3
Non-current assets	148.7	153.7
Total assets	6,039.6	5,808.6
Current liabilities	246.0	217.4
Non-current liabilities	3,882.1	3,770.7
Stockholders' equity	1,911.5	1,820.5
Total liabilities and stockholders' equity	6,039.6	5,808.6
Guarantor Subsidiaries [Member]
Current assets	1,141.1	998.6
Investment in subsidiaries	1,772.8	1,739.8
Non-current assets	3,929.9	3,768.8
Total assets	6,843.8	6,507.2
Current liabilities	642.4	588.5
Non-current liabilities	472.9	504.3
Stockholders' equity	5,728.5	5,414.4
Total liabilities and stockholders' equity	6,843.8	6,507.2
Non-Guarantor Subsidiaries [Member]
Current assets	2,262.9	2,067.6
Investment in subsidiaries		93.4
Non-current assets	930.8	1,015.1
Total assets	3,193.7	3,176.1
Current liabilities	591.8	878.0
Non-current liabilities	789.2	539.0
Stockholders' equity	1,812.7	1,759.1
Total liabilities and stockholders' equity	3,193.7	3,176.1
Eliminations [Member]
Current assets	(10.1)	(10.0)
Investment in subsidiaries	(7,541.2)	(7,173.5)
Non-current assets	(1,336.7)	(1,215.4)
Total assets	(8,888.0)	(8,398.9)
Current liabilities	(6.2)	(6.7)
Non-current liabilities	(1,340.6)	(1,218.7)
Stockholders' equity	(7,541.2)	(7,173.5)
Total liabilities and stockholders' equity	$ (8,888.0)	$ (8,398.9)

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Warranty Reserve

9 Months Ended

Sep. 30, 2011

Warranty Reserve

Warranty Reserve

6. Warranty Reserve

The warranty reserve activity for the nine months ended September 30, 2011 is as follows:

(in millions)	2011
Warranty reserve at January 1,	$	86.0
Provision for warranties issued		102.0
Warranty claims paid		(108.3	)
Acquisitions and other adjustments		(0.1	)
Warranty reserve at September 30,	$	79.6

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Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information

Segment Information

16. Segment Information

The Company reports four business segments: Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. The Company's sales are principally within the United States. The Company's international operations are mainly based in Asia, Canada, Europe and Latin America. The Company and its chief operating decision maker use "segment earnings" to measure segment operating performance.

The Outdoor Solutions segment manufactures or sources, markets and distributes global consumer active lifestyle products for outdoor and outdoor-related activities. For general outdoor activities, Coleman^® is a leading brand for active lifestyle products, offering an array of products that include camping and outdoor equipment such as air beds, camping stoves, coolers, foldable furniture, gas grills, lanterns and flashlights, propane fuel, sleeping bags, tents and water recreation products such as inflatable boats, kayaks and tow-behinds. The Outdoor Solutions segment is also a leading provider of fishing equipment under brand names such as Abu Garcia^®, All Star^®, Berkley^®, Fenwick^®, Gulp!^®, JRC™, Mitchell^®, Penn^®, Pflueger^®, Sebile^®, Sevenstrand^®, Shakespeare^®, Spiderwire^®, Stren^®, Trilene^®, Ugly Stik^® and Xtools^®. Team sports equipment for baseball, softball, football, basketball, field hockey and lacrosse products are sold under brand names such as deBeer^®, Gait^®, Miken^®, Rawlings^® and Worth^®. Alpine and nordic skiing, snowboarding, snowshoeing and in-line skating products are sold under brand names such as Atlas^®, Full Tilt^®, K2^®, Line^®, Little Bear^®, Madshus^®, Marker^®, Morrow^®, Ride^®, Tubbs^®, Völkl^® and 5150 Snowboards^®. Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold under brand names such as Helium^®, Hodgman^®, Mad Dog Gear^®, Sevylor^®, Sospenders^® and Stearns^®. The Company also sells high performance technical and outdoor apparel and equipment under brand names such as CAPP3L^®, Ex Officio^®, K2^®, Marker^®, Marmot^®, Planet Earth^®, Ride^®, Völkl^® and Zoot^®, and premium air beds under brand names including Aero^®, Aerobed^® and Aero Sport^®.

The Consumer Solutions segment manufactures or sources, markets and distributes a diverse line of household products, including kitchen appliances and personal care and wellness products for home use. This segment maintains a strong portfolio of globally recognized brands including Bionaire^®, Crock-Pot^®, FoodSaver^®, Health o meter^®, Holmes^®, Mr. Coffee^®, Oster^®, Patton^®, Rival^®, Seal-a-Meal^®, Sunbeam^® and Villaware^®. The principal products in this segment include clippers and trimmers for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, toasters, toaster ovens and vacuum packaging machines; personal care and wellness products, such as air purifiers, fans, heaters and humidifiers, for home use; products for the hospitality industry; and scales for consumer use.

The Branded Consumables segment manufactures or sources, markets and distributes a broad line of branded consumer products, many of which are affordable, consumable and fundamental household staples, including arts and crafts paint brushes, brooms, brushes, buckets, children's card games, clothespins, collectible tins, condoms, cord, rope and twine, dusters, dust pans, feeding bottles, fencing, fire extinguishing products, firelogs and firestarters, home canning jars and accessories, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, window guards and other accessories. This segment markets products under the Aviator^®, Ball^®, Bee^®, Bernardin^®, Bicycle^®, Billy Boy^®, BRK^®, Crawford^®, Diamond^®, Dicon^®, Fiona^®, First Alert^®, First Essentials^®, Forster^®, Hoyle^®, Java-Log^®, KEM^®, Kerr^®, Lehigh^®, Leslie-Locke^®, Lillo^®, Loew-Cornell^®, Mapa^®, NUK^®, Pine Mountain^®, Quickie Green Cleaning^®, Quickie Home-Pro^®, Quickie Microban^®, Quickie Original^®, Quickie Professional^®, Spontex^®, Tigex^® and Wellington^® brand names, among others.

The Process Solutions segment manufactures, markets and distributes a wide variety of plastic products including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging. Many of these products are consumable in nature or represent components of consumer products. This segment's materials business produces specialty nylon polymers, conductive fibers and monofilament used in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. This segment is also the largest North American producer of niche products fabricated from solid zinc strip and is the sole source supplier of copper plated zinc penny blanks to the United States Mint and a major supplier to the Royal Canadian Mint, as well as a supplier of brass, bronze and nickel plated finishes on steel and zinc for coinage to other international markets. In addition, the Company manufactures a line of industrial zinc products marketed globally for use in the architectural, automotive, construction, electrical component and plumbing markets.

Segment information as of and for the three and nine months ended September 30, 2011 and 2010 is as follows:

	Three months ended September 30, 2011
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	707.3		$	522.4		$	477.8		$	92.4		$	(15.2	)	$	1,784.7		$	—		$	1,784.7
Segment earnings (loss)		104.6			74.7			76.2			7.7			—			263.2			(23.9	)		239.3
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(1.6	)		—			—			(1.6	)		—			(1.6	)
Reorganization costs		(3.8	)		—			(2.4	)		—			—			(6.2	)		—			(6.2	)
Acquisition-related and other costs		(1.4	)		—			(1.3	)		—			—			(2.7	)		(3.7	)		(6.4	)
Depreciation and amortization		(15.7	)		(8.1	)		(12.7	)		(3.1	)		—			(39.6	)		(0.7	)		(40.3	)
Operating earnings (loss)	$	83.7		$	66.6		$	58.2		$	4.6		$	—		$	213.1		$	(28.3	)	$	184.8
Other segment data:
Total assets	$	2,881.5		$	1,968.9		$	1,982.3		$	200.8		$	—		$	7,033.5		$	155.6		$	7,189.1
	Three months ended September 30, 2010
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	604.7		$	534.0		$	393.0		$	83.5		$	(13.3	)	$	1,601.9		$	—		$	1,601.9
Segment earnings (loss)		83.9			75.0			61.5			7.8			—			228.2			(14.9	)		213.3
Adjustments to reconcile to reported operating earnings (loss):
Impairment of goodwill and intangibles		—			(0.7	)		—			—			—			(0.7	)		—			(0.7	)
Depreciation and amortization		(15.3	)		(7.1	)		(10.7	)		(2.9	)		—			(36.0	)		(0.5	)		(36.5	)
Operating earnings (loss)	$	68.6		$	67.2		$	50.8		$	4.9		$	—		$	191.5		$	(15.4	)	$	176.1
	Nine months ended September 30, 2011
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	2,157.6		$	1,258.4		$	1,297.9		$	273.7		$	(45.7	)	$	4,941.9		$	—		$	4,941.9
Segment earnings (loss)		288.2			172.3			183.5			27.1			—			671.1			(91.5	)		579.6
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(6.9	)		—			—			(6.9	)		—			(6.9	)
Reorganization costs		(3.8	)		—			(2.4	)		—			—			(6.2	)		—			(6.2	)
Acquisition-related and other costs		(1.4	)		—			(1.3	)		—			—			(2.7	)		(3.7	)		(6.4	)
Depreciation and amortization		(45.7	)		(22.8	)		(42.2	)		(9.1	)		—			(119.8	)		(1.9	)		(121.7	)
Operating earnings (loss)	$	237.3		$	149.5		$	130.7		$	18.0		$	—		$	535.5		$	(97.1	)	$	438.4
	Nine months ended September 30, 2010
(in millions)	Outdoor Solutions			Consumer Solutions			Branded Consumables			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,914.7		$	1,252.5		$	946.9		$	265.2		$	(40.8	)	$	4,338.5		$	—		$	4,338.5
Segment earnings (loss)		253.1			164.5			134.3			28.2			—			580.1			(73.4	)		506.7
Adjustments to reconcile to reported operating earnings (loss):
Fair value adjustment to inventory		—			—			(25.3	)		—			—			(25.3	)		—			(25.3	)
Acquisition-related and other costs (1)		—			—			—			—			—			—			(14.5	)		(14.5	)
Venezuela hyperinflationary and devaluation charges (see Note 1)		—			—			—			—			—			—			(78.1	)		(78.1	)
Impairment of goodwill and intangibles		—			(0.7	)		(18.3	)		—			—			(19.0	)		—			(19.0	)
Depreciation and amortization		(46.9	)		(20.7	)		(25.7	)		(8.7	)		—			(102.0	)		(1.0	)		(103.0	)
Operating earnings (loss)	$	206.2		$	143.1		$	65.0		$	19.5		$	—		$	433.8		$	(167.0	)	$	266.8

(1) Comprised of $24.6 of transactions costs, which primarily relate to acquisitions (see Note 2) and a $10.1 mark-to-market gain associated with the Company's Euro-denominated debt and intercompany loans.

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Inventories (Components Of Inventories) (Details) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Inventories
Raw materials and supplies	$ 257.7	$ 231.8
Work-in-process	99.0	90.8
Finished goods	1,212.5	972.0
Total inventories	$ 1,569.2	$ 1,294.6

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Derivative And Other Hedging Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Derivative And Other Hedging Financial Instruments

Fair Value Of Derivative Financial Instruments

	September 30, 2011				December 31, 2010
	Fair Value of Derivatives				Fair Value of Derivatives
(in millions)	Asset (a)		Liability (a)		Asset (a)		Liability (a)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	0.5	$	9.5	$	—	$	5.3
Foreign currency contracts		7.9		10.2		4.5		18.9
Fair value hedges:
Interest rate swaps		—		—		—		10.2
Cross-currency swaps		—		—		—		4.1
Subtotal		8.4		19.7		4.5		38.5
Derivatives not designated as effective hedges:
Foreign currency contracts		1.2		1.9		1.3		2.6
Commodity contracts		—		1.3		0.9		—
Subtotal		1.2		3.2		2.2		2.6
Total	$	9.6	$	22.9	$	6.7	$	41.1

(a)    Consolidated balance sheet location:
Asset:     Other non-current assets
Liability: Other non-current liabilities

Gain And Loss Activity On Derivative Financial Instruments Designated As Effective Hedges

	Three Months Ended September 30, 2011								Three Months Ended September 30, 2010
	Gain/(Loss)								Gain/(Loss)
(in millions)	Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)		Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	(1.2	)		—		$	—	$	(1.8	)		0.4		$	—
Foreign currency contracts		8.2			(5.6	)		2.7		(13.3	)		(0.9	)		(1.7	)
Total	$	7.0			(5.6	)	$	2.7	$	(15.1	)		(0.5	)	$	(1.7	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	(0.6	)	$	—				$	—		$	—
Cost of sales					(5.0	)		—					(0.9	)		—
SG&A					—			2.7					—			(1.7	)
Interest expense					—			—					0.4			—
Total				$	(5.6	)	$	2.7				$	(0.5	)	$	(1.7	)

	Nine Months Ended September 30, 2011									Nine Months Ended September 30, 2010
	Gain/(Loss)									Gain/(Loss)
(in millions)	Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)			Recognized in OCI (a) (effective portion)			Reclassified from AOCI to Income			Recognized in Income (b)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	(3.7	)	$	—		$	—		$	4.0		$	1.9		$	—
Foreign currency contracts		(3.5	)		(16.2	)		(2.9	)		(11.3	)		(7.5	)		(2.7	)
Total	$	(7.2	)	$	(16.2	)	$	(2.9	)	$	(7.3	)	$	(5.6	)	$	(2.7	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	(1.0	)	$	—					$	0.4		$	—
Cost of sales					(15.2	)		—						(7.9	)		—
SG&A					—			(2.9	)					—			(2.7	)
Interest expense					—			—						1.9			—
Total				$	(16.2	)	$	(2.9	)				$	(5.6	)	$	(2.7	)

(a) Represents effective portion recognized in Other Comprehensive Income ("OCI").

(b) Represents portion excluded from effectiveness testing.

Gain And Loss Activity On Derivative Financial Instruments Not Designated As Effective Hedges

	Gain/(Loss) Recognized in Income (a)
	Three Months Ended September 30,						Nine Months Ended September 30,
(in millions)	2011			2010			2011			2010
Derivatives not designated as effective hedges:
Cash flow derivatives:
Interest rate swaps	$	—		$	—		$	—		$	0.9
Foreign currency contracts		(0.1	)		(2.0	)		(1.0	)		(9.2	)
Commodity contracts		(1.6	)		1.0			(1.6	)		0.6
Fair value derivatives:
Interest rate swaps		0.2			—			0.2			18.6
Total	$	(1.5	)	$	(1.0	)	$	(2.4	)	$	10.9

(a) Classified in SG&A.

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Condensed Consolidated Statements Of Cash Flows (USD $) In Millions	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Cash flows from operating activities:
Net income	$ 183.6	$ 60.0
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization	121.7	103.0
Impairment of goodwill and intangibles		19.0
Venezuela hyperinflationary and devaluation charges		78.1
Loss on early extinguishment of debt	12.8
Other non-cash items	84.7	49.6
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	(129.5)	(135.1)
Inventory	(288.6)	(291.0)
Accounts payable	66.3	124.3
Other assets and liabilities	(26.5)	6.3
Net cash provided by operating activities	24.5	14.2
Cash flows from financing activities:
Net change in short-term debt	2.7	59.1
Proceeds from issuance of long-term debt	1,025.0	486.1
Payments on long-term debt	(1,102.8)	(258.2)
Proceeds from issuance of stock, net of transaction fees	4.9	4.0
Repurchase of common stock and shares tendered for taxes	(89.0)	(37.2)
Dividends paid	(22.6)	(21.4)
Debt issuance costs	(12.3)	(17.7)
Other	7.1	(5.0)
Net cash provided by (used in) financing activities	(187.0)	209.7
Cash flows from investing activities:
Additions to property, plant and equipment	(79.4)	(95.6)
Acquisition of businesses, net of cash acquired and earnout payments	(13.4)	(489.5)
Other	4.8	9.8
Net cash used in investing activities	(88.0)	(575.3)
Effect of exchange rate changes on cash and cash equivalents	1.4	(19.9)
Net decrease in cash and cash equivalents	(249.1)	(371.3)
Cash and cash equivalents at beginning of period	695.4	827.4
Cash and cash equivalents at end of period	$ 446.3	$ 456.1

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Condensed Consolidating Financial Data

9 Months Ended

Sep. 30, 2011

Condensed Consolidating Financial Data

Condensed Consolidating Financial Data

17. Condensed Consolidating Financial Data

The Company's Senior Notes and Senior Subordinated Notes (see Note 7) are fully guaranteed, jointly and severally, by certain of the Company's domestic subsidiaries ("Guarantor Subsidiaries"). The Company's non-United States subsidiaries and those domestic subsidiaries who are not guarantors ("Non-Guarantor Subsidiaries") are not guaranteeing these notes. Presented below is the condensed consolidating financial data of the Company ("Parent"), the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries on a consolidated basis as of September 30, 2011 and December 31, 2010 and for the three and nine months ended September 30, 2011 and 2010.

Condensed Consolidating Results of Operations

	Three months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,022.5		$	799.0	$	(36.8	)	$	1,784.7
Costs and expenses		12.1			918.5			706.1		(36.8	)		1,599.9
Operating (loss) earnings		(12.1	)		104.0			92.9		—			184.8
Other expense, net		76.2			8.6			9.3		—			94.1
Equity in the income of subsidiaries		179.0			79.5			—		(258.5	)		—
Net income (loss)	$	90.7		$	174.9		$	83.6	$	(258.5	)	$	90.7
	Three months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	927.7		$	702.6	$	(28.4	)	$	1,601.9
Costs and expenses		24.1			794.1			636.0		(28.4	)		1,425.8
Operating (loss) earnings		(24.1	)		133.6			66.6		—			176.1
Other expense, net		68.2			5.6			21.7		—			95.5
Equity in the income of subsidiaries		172.9			42.0			—		(214.9	)		—
Net income (loss)	$	80.6		$	170.0		$	44.9	$	(214.9	)	$	80.6
	Nine months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,872.9		$	2,186.5	$	(117.5	)	$	4,941.9
Costs and expenses		93.1			2,540.4			1,987.5		(117.5	)		4,503.5
Operating (loss) earnings		(93.1	)		332.5			199.0		—			438.4
Other expense, net		196.8			24.8			33.2		—			254.8
Equity in the income of subsidiaries		473.5			158.6			—		(632.1	)		—
Net income (loss)	$	183.6		$	466.3		$	165.8	$	(632.1	)	$	183.6
	Nine months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,710.5		$	1,723.8	$	(95.8	)	$	4,338.5
Costs and expenses		106.6			2,393.5			1,667.4		(95.8	)		4,071.7
Operating (loss) earnings		(106.6	)		317.0			56.4		—			266.8
Other expense, net		148.2			9.5			49.1		—			206.8
Equity in the income of subsidiaries		314.8			(3.3	)		—		(311.5	)		—
Net income (loss)	$	60.0		$	304.2		$	7.3	$	(311.5	)	$	60.0

Condensed Consolidating Balance Sheets

 

	As of September 30, 2011
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	122.5	$	1,141.1	$	2,262.9	$	(10.1	)	$	3,516.4
Investment in subsidiaries		5,768.4		1,772.8		—		(7,541.2	)		—
Non-current assets		148.7		3,929.9		930.8		(1,336.7	)		3,672.7
Total assets	$	6,039.6	$	6,843.8	$	3,193.7	$	(8,888.0	)	$	7,189.1
Liabilities and stockholders' equity
Current liabilities	$	246.0	$	642.4	$	591.8		(6.2	)	$	1,474.0
Non-current liabilities		3,882.1		472.9		789.2		(1,340.6	)		3,803.6
Stockholders' equity		1,911.5		5,728.5		1,812.7		(7,541.2	)		1,911.5
Total liabilities and stockholders' equity	$	6,039.6	$	6,843.8	$	3,193.7	$	(8,888.0	)	$	7,189.1

	As of December 31, 2010
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	314.6	$	998.6	$	2,067.6	$	(10.0	)	$	3,370.8
Investment in subsidiaries		5,340.3		1,739.8		93.4		(7,173.5	)		—
Non-current assets		153.7		3,768.8		1,015.1		(1,215.4	)		3,722.2
Total assets	$	5,808.6	$	6,507.2	$	3,176.1	$	(8,398.9	)	$	7,093.0
Liabilities and stockholders' equity
Current liabilities	$	217.4	$	588.5	$	878.0		(6.7	)	$	1,677.2
Non-current liabilities		3,770.7		504.3		539.0		(1,218.7	)		3,595.3
Stockholders' equity		1,820.5		5,414.4		1,759.1		(7,173.5	)		1,820.5
Total liabilities and stockholders' equity	$	5,808.6	$	6,507.2	$	3,176.1	$	(8,398.9	)	$	7,093.0

Condensed Consolidating Statements of Cash Flows

	Nine months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(335.9	)	$	363.4		$	(3.0	)	$	24.5
Financing activities:
Net change in short-term debt		—			—			2.7			2.7
Proceeds (payments) from (to) intercompany transactions		338.4			(286.5	)		(51.9	)		—
Proceeds from issuance of long-term debt		1,025.0			—			—			1,025.0
Payments on long-term debt		(1,102.8	)		—			—			(1,102.8	)
Issuance (repurchase) of common stock, net		(84.1	)		—			—			(84.1	)
Dividends paid		(22.6	)		—			—			(22.6	)
Other		(5.2	)		—			—			(5.2	)
Net cash provided by (used in) financing activities		148.7			(286.5	)		(49.2	)		(187.0	)
Investing Activities:
Additions to property, plant and equipment		(1.5	)		(67.1	)		(10.8	)		(79.4	)
Acquisition of business and earnout payments, net of cash acquired		(0.9	)		(12.5	)		—			(13.4	)
Other		—			—			4.8			4.8
Net cash used in investing activities		(2.4	)		(79.6	)		(6.0	)		(88.0	)
Effect of exchange rate changes on cash		—			—			1.4			1.4
Net decrease in cash and cash equivalents		(189.6	)		(2.7	)		(56.8	)		(249.1	)
Cash and cash equivalents at beginning of period		287.1			15.5			392.8			695.4
Cash and cash equivalents at end of period	$	97.5		$	12.8		$	336.0		$	446.3
	Nine months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(319.9	)	$	339.4		$	(5.3	)	$	14.2
Financing activities:
Net change in short-term debt		—			50.0			9.1			59.1
Proceeds (payments) from (to) intercompany transactions		312.8			(324.7	)		11.9			—
Proceeds from issuance of long-term debt		486.1			—			—			486.1
Payments on long-term debt		(258.2	)		—			—			(258.2	)
Issuance (repurchase) of common stock, net		(33.2	)		—			—			(33.2	)
Dividends paid		(21.4	)		—			—			(21.4	)
Other		(22.7	)		—			—			(22.7	)
Net cash provided by (used in) financing activities		463.4			(274.7	)		21.0			209.7
Investing Activities:
Additions to property, plant and equipment		(26.8	)		(55.5	)		(13.3	)		(95.6	)
Acquisition of business and earnout payments, net of cash acquired		(484.2	)		(4.5	)		(0.8	)		(489.5	)
Other		(9.3	)		—			19.1			9.8
Net cash provided by (used in) investing activities		(520.3	)		(60.0	)		5.0			(575.3	)
Effect of exchange rate changes on cash		—			—			(19.9	)		(19.9	)
Net increase (decrease) in cash and cash equivalents		(376.8	)		4.7			0.8			(371.3	)
Cash and cash equivalents at beginning of period		537.9			13.8			275.7			827.4
Cash and cash equivalents at end of period	$	161.1		$	18.5		$	276.5		$	456.1

The amounts reflected as proceeds (payments) from (to) intercompany transactions represent cash flows originating from transactions conducted between Guarantor Subsidiaries, Non-Guarantor Subsidiaries and Parent in the normal course of business operations.

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Goodwill And Intangibles (Schedule Of Intangible Activity) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2011	Dec. 31, 2010
Intangibles, Gross Carrying Amount at December 31, 2010		$ 1,250.3
Intangibles, Additions	0.3
Intangibles, Accumulated Amortization and Foreign Exchange	(80.8)
Intangibles, Net Book Value at September 30, 2011	1,169.8	1,182.6
Patents [Member]
Intangibles, Gross Carrying Amount at December 31, 2010		7.2
Intangibles, Additions	0.3
Intangibles, Accumulated Amortization and Foreign Exchange	(2.1)
Intangibles, Net Book Value at September 30, 2011	5.4
Intangibles, Minimum Amortization Periods (years)	12
Intangibles, Maximum Amortization Periods (years)	30
Non-Compete Agreements [Member]
Intangibles, Gross Carrying Amount at December 31, 2010		3.7
Intangibles, Additions
Intangibles, Accumulated Amortization and Foreign Exchange	(3.7)
Intangibles, Net Book Value at September 30, 2011
Intangibles, Minimum Amortization Periods (years)	1
Intangibles, Maximum Amortization Periods (years)	5
Manufacturing Process And Expertise [Member]
Intangibles, Gross Carrying Amount at December 31, 2010		42.1
Intangibles, Additions
Intangibles, Accumulated Amortization and Foreign Exchange	(32.8)
Intangibles, Net Book Value at September 30, 2011	9.3
Intangibles, Minimum Amortization Periods (years)	3
Intangibles, Maximum Amortization Periods (years)	7
Brand Names [Member]
Intangibles, Gross Carrying Amount at December 31, 2010		18.3
Intangibles, Additions
Intangibles, Accumulated Amortization and Foreign Exchange	(3.0)
Intangibles, Net Book Value at September 30, 2011	15.3
Intangibles, Minimum Amortization Periods (years)	4
Intangibles, Maximum Amortization Periods (years)	20
Customer Relationships And Distributor Channels [Member]
Intangibles, Gross Carrying Amount at December 31, 2010		253.6
Intangibles, Additions
Intangibles, Accumulated Amortization and Foreign Exchange	(39.3)
Intangibles, Net Book Value at September 30, 2011	214.3
Intangibles, Minimum Amortization Periods (years)	10
Intangibles, Maximum Amortization Periods (years)	35
Trademarks And Tradenames [Member]
Indefinite Intangibles, Gross Carrying Amount at December 31, 2010	925.4
Intangibles, Additions
Intangibles, Accumulated Amortization and Foreign Exchange	0.1
Indefinite Intangibles, Net Book Value at September 30, 2011	$ 925.5
Intangibles, Amortization Period	indefinite

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Inventories (Tables)

9 Months Ended

Sep. 30, 2011

Inventories

Components Of Inventories

(in millions)	September 30, 2011		December 31, 2010
Raw materials and supplies	$	257.7	$	231.8
Work-in-process		99.0		90.8
Finished goods		1,212.5		972.0
Total inventories	$	1,569.2	$	1,294.6

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Acquisitions

9 Months Ended

Sep. 30, 2011

Acquisitions

Acquisitions

2. Acquisitions

On April 1, 2010, the Company acquired the Mapa Spontex Baby Care and Home Care businesses ("Mapa Spontex") of Total S.A. ("Total"), through the acquisition of certain of Total's subsidiaries for a Euro purchase price of approximately €200 (approximately $275), subject to certain adjustments (the "Acquisition"). The total value of the transaction, including debt assumed and/or repaid, was approximately €305 (approximately $415). Mapa Spontex is a global manufacturer and distributor of primarily baby care and home care products with leading market positions in Argentina, Brazil and Europe in the core categories it serves. Its baby care portfolio includes feeding bottles, soothers, teats and other infant accessories sold primarily under the Fiona^®, First Essentials^®, Lillo^®, NUK^® and Tigex^® brands; and health care products, including condoms sold under the Billy Boy^® brand. Its home care portfolio includes sponges, rubber gloves and related cleaning products for industrial, professional and retail uses sold primarily under the Mapa^® and Spontex^® brands. Mapa Spontex is reported in the Company's Branded Consumables segment and is included in the Company's results of operations from April 1, 2010.

In addition, the Company completed three tuck-in acquisitions during 2010, including the acquisition of Aero Products International, Inc. ("Aero") on October 1, 2010 and the acquisition of Quickie Manufacturing Corporation ("Quickie") on December 17, 2010. Aero is a leading provider of premium, air-filled mattresses under brand names including Aero^®, Aerobed^® and Aero Sport^®. The acquisition of Aero is expected to expand distribution channels, as well as expand the Company's current Coleman product offerings of indoor and outdoor air beds and accessories. Aero is reported in the Company's Outdoor Solutions segment and is included in the Company's results of operations from October 1, 2010. Quickie is a leading supplier and distributor of innovative cleaning tools and supplies. Quickie designs, manufactures and distributes cleaning products including mops, brooms, dusters, dust pans, brushes, buckets and other supplies, for traditional in-home use, as well as commercial and contractor-grade applications, sold primarily under the leading brands Quickie Original^®, Quickie Home-Pro^®, Quickie Professional^®, Quickie Microban^® and Quickie Green Cleaning^®. Quickie is reported in the Company's Branded Consumables segment and is included in the Company's results of operations from December 17, 2010. Additionally, during 2010, the Company completed another tuck-in acquisition. All three tuck-in acquisitions were complementary to the Company's core businesses and from an accounting standpoint were not significant.

For the nine months ended September 30, 2010, cost of sales includes a $25.3 charge for the purchase accounting adjustment for the elimination of manufacturer's profit in inventory, primarily related to the Acquisition.

For the nine months ended September 30, 2010, SG&A includes $20.6 in transaction costs related to acquisitions.

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Stockholders' Equity

9 Months Ended

Sep. 30, 2011

Stockholders' Equity

Stockholders' Equity

11. Stockholders' Equity

In August 2011, the Company's Board of Directors authorized a new stock repurchase program that would allow the Company to repurchase up to $500 of its common stock. During the three months ended September 30, 2011, the Company completed its prior $150 stock repurchase program that was authorized in November 2007 and increased in March 2010. During the three and nine months ended September 30, 2011, the Company repurchased approximately 1.5 million and 2.5 million shares, respectively, of its common stock under these stock repurchase programs at a per share average price of $28.82 and $30.42, respectively.

At the Company's annual meeting of stockholders in June 2011, the Company's stockholders approved an amendment to the Company's Restated Certificate of Incorporation, as amended, to increase the number of shares of authorized common stock from 150 million to 300 million shares.

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Comprehensive Income (Components Of Comprehensive Income) (Details) (USD $) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Comprehensive Income
Net income	$ 90.7	$ 80.6	$ 183.6	$ 60.0
Foreign currency translation	(68.3)	51.2	(20.6)	0.3
Derivative financial instruments	9.1	(9.7)	6.8	(1.0)
Accrued benefit costs	0.8	0.6	5.3	1.0
Unrealized gain (loss) on investment	(0.3)	1.2	(0.3)	0.2
Comprehensive income	$ 32.0	$ 123.9	$ 174.8	$ 60.5

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Segment Information (Schedule Of Segment Information) (Details) (USD $) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010		Dec. 31, 2010
Net sales	$ 1,784.7	$ 1,601.9	$ 4,941.9	$ 4,338.5
Segment earnings (loss)	239.3	213.3	579.6	506.7
Fair value adjustment to inventory	(1.6)		(6.9)	(25.3)
Reorganization costs	(6.2)		(6.2)
Acquisition-related and other costs	(6.4)		(6.4)	(14.5)	[1]
Venezuela hyperinflationary and devaluation charges				(78.1)
Impairment of goodwill and intangibles		(0.7)		(19.0)
Depreciation and amortization	(40.3)	(36.5)	(121.7)	(103.0)
Operating earnings (loss)	184.8	176.1	438.4	266.8
Total assets	7,189.1		7,189.1			7,093.0
Transaction costs, primarily related to acquisitions				24.6
Mark-to-market gain on debt and loans				10.1
Outdoor Solutions [Member]
Net sales	707.3	604.7	2,157.6	1,914.7
Segment earnings (loss)	104.6	83.9	288.2	253.1
Fair value adjustment to inventory
Reorganization costs	(3.8)		(3.8)
Acquisition-related and other costs	(1.4)		(1.4)		[1]
Venezuela hyperinflationary and devaluation charges
Impairment of goodwill and intangibles
Depreciation and amortization	(15.7)	(15.3)	(45.7)	(46.9)
Operating earnings (loss)	83.7	68.6	237.3	206.2
Total assets	2,881.5		2,881.5
Consumer Solutions [Member]
Net sales	522.4	534.0	1,258.4	1,252.5
Segment earnings (loss)	74.7	75.0	172.3	164.5
Fair value adjustment to inventory
Reorganization costs
Acquisition-related and other costs					[1]
Venezuela hyperinflationary and devaluation charges
Impairment of goodwill and intangibles		(0.7)		(0.7)
Depreciation and amortization	(8.1)	(7.1)	(22.8)	(20.7)
Operating earnings (loss)	66.6	67.2	149.5	143.1
Total assets	1,968.9		1,968.9
Branded Consumables [Member]
Net sales	477.8	393.0	1,297.9	946.9
Segment earnings (loss)	76.2	61.5	183.5	134.3
Fair value adjustment to inventory	(1.6)		(6.9)	(25.3)
Reorganization costs	(2.4)		(2.4)
Acquisition-related and other costs	(1.3)		(1.3)		[1]
Venezuela hyperinflationary and devaluation charges
Impairment of goodwill and intangibles				(18.3)
Depreciation and amortization	(12.7)	(10.7)	(42.2)	(25.7)
Operating earnings (loss)	58.2	50.8	130.7	65.0
Total assets	1,982.3		1,982.3
Process Solutions [Member]
Net sales	92.4	83.5	273.7	265.2
Segment earnings (loss)	7.7	7.8	27.1	28.2
Fair value adjustment to inventory
Reorganization costs
Acquisition-related and other costs					[1]
Venezuela hyperinflationary and devaluation charges
Impairment of goodwill and intangibles
Depreciation and amortization	(3.1)	(2.9)	(9.1)	(8.7)
Operating earnings (loss)	4.6	4.9	18.0	19.5
Total assets	200.8		200.8
Intercompany Eliminations [Member]
Net sales	(15.2)	(13.3)	(45.7)	(40.8)
Segment earnings (loss)
Fair value adjustment to inventory
Reorganization costs
Acquisition-related and other costs					[1]
Venezuela hyperinflationary and devaluation charges
Impairment of goodwill and intangibles
Depreciation and amortization
Operating earnings (loss)
Total assets
Total Operating Segments [Member]
Net sales	1,784.7	1,601.9	4,941.9	4,338.5
Segment earnings (loss)	263.2	228.2	671.1	580.1
Fair value adjustment to inventory	(1.6)		(6.9)	(25.3)
Reorganization costs	(6.2)		(6.2)
Acquisition-related and other costs	(2.7)		(2.7)		[1]
Venezuela hyperinflationary and devaluation charges
Impairment of goodwill and intangibles		(0.7)		(19.0)
Depreciation and amortization	(39.6)	(36.0)	(119.8)	(102.0)
Operating earnings (loss)	213.1	191.5	535.5	433.8
Total assets	7,033.5		7,033.5
Corporate/ Unallocated [Member]
Net sales
Segment earnings (loss)	(23.9)	(14.9)	(91.5)	(73.4)
Fair value adjustment to inventory
Reorganization costs
Acquisition-related and other costs	(3.7)		(3.7)	(14.5)	[1]
Venezuela hyperinflationary and devaluation charges				(78.1)
Impairment of goodwill and intangibles
Depreciation and amortization	(0.7)	(0.5)	(1.9)	(1.0)
Operating earnings (loss)	(28.3)	(15.4)	(97.1)	(167.0)
Total assets	$ 155.6		$ 155.6

[1] Comprised of $24.6 of transactions costs, which primarily relate to acquisitions (see Note 2) and a $10.1 mark-to-market gain associated with the Company's Euro-denominated debt and intercompany loans.

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Reorganization Costs (Tables)

9 Months Ended

Sep. 30, 2011

Reorganization Costs

Reorganization Costs

	Three months ended September 30, 2011
(in millions)	Employee Terminations		Other Charges		Total
Outdoor Solutions	$	—	$	3.8	$	3.8
Branded Consumables		0.6		1.8		2.4
Total	$	0.6	$	5.6	$	6.2
	Nine months ended September 30, 2011
(in millions)	Employee Terminations		Other Charges		Total
Outdoor Solutions	$	—	$	3.8	$	3.8
Branded Consumables		0.6		1.8		2.4
Total	$	0.6	$	5.6	$	6.2

Accrued Reorganization Costs

(in millions)	Accrual Balance at December 31, 2010		Reorganization Costs		Payments			Foreign Currency and Other			Accrual Balance at September 30, 2011
Severance and other employee-related	$	0.5	$	0.6	$	(0.5	)	$	(0.2	)	$	0.4
Other costs		9.5		5.6		(7.0	)		(0.3	)		7.8
Total	$	10.0	$	6.2	$	(7.5	)	$	(0.5	)	$	8.2

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Reorganization Costs

9 Months Ended

Sep. 30, 2011

Reorganization Costs

Reorganization Costs

15. Reorganization Costs

The Company did not incur any reorganization costs for the three and nine months ended September 30, 2010. Reorganization costs for the three and nine months ended September 30, 2011 are as follows:

	Three months ended September 30, 2011
(in millions)	Employee Terminations		Other Charges		Total
Outdoor Solutions	$	—	$	3.8	$	3.8
Branded Consumables		0.6		1.8		2.4
Total	$	0.6	$	5.6	$	6.2
	Nine months ended September 30, 2011
(in millions)	Employee Terminations		Other Charges		Total
Outdoor Solutions	$	—	$	3.8	$	3.8
Branded Consumables		0.6		1.8		2.4
Total	$	0.6	$	5.6	$	6.2

Outdoor Solutions Segment Reorganization Costs

During 2011, the Company initiated a plan to consolidate certain international manufacturing processes within the Outdoor Solutions segment. This plan primarily consists of a facility consolidation in the Far East. Reorganization costs for the three and nine months ended September 30, 2011 relate to this plan.

Branded Consumables Segment Reorganization Costs

During 2011, the Company initiated a plan to consolidate certain manufacturing processes within the Branded Consumables segment. This plan includes headcount reduction and facility consolidation. Reorganization costs for the three and nine months ended September 30, 2011 relate to this plan.

Accrued Reorganization Costs

Details and the activity related to accrued reorganization costs as of and for the nine months ended September 30, 2011 are as follows:

(in millions)	Accrual Balance at December 31, 2010		Reorganization Costs		Payments			Foreign Currency and Other			Accrual Balance at September 30, 2011
Severance and other employee-related	$	0.5	$	0.6	$	(0.5	)	$	(0.2	)	$	0.4
Other costs		9.5		5.6		(7.0	)		(0.3	)		7.8
Total	$	10.0	$	6.2	$	(7.5	)	$	(0.5	)	$	8.2

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Condensed Consolidated Statements Of Operations (USD $) In Millions, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Condensed Consolidated Statements Of Operations
Net sales	$ 1,784.7	$ 1,601.9	$ 4,941.9	$ 4,338.5
Cost of sales	1,267.7	1,144.0	3,545.6	3,159.9
Gross profit	517.0	457.9	1,396.3	1,178.6
Selling, general and administrative	326.0	281.1	951.7	892.8
Reorganization costs	6.2		6.2
Impairment of goodwill and intangibles		0.7		19.0
Operating earnings (loss)	184.8	176.1	438.4	266.8
Interest expense, net	43.7	46.2	134.8	130.3
Loss on early extinguishment of debt			12.8
Income before taxes	141.1	129.9	290.8	136.5
Income tax provision	50.4	49.3	107.2	76.5
Net income	$ 90.7	$ 80.6	$ 183.6	$ 60.0
Earnings per share:
Basic	$ 1.03	$ 0.91	$ 2.08	$ 0.67
Diluted	$ 1.03	$ 0.90	$ 2.06	$ 0.67
Weighted average shares outstanding:
Basic	87.7	88.9	88.4	89.1
Diluted	88.2	89.6	88.9	89.9

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Condensed Consolidating Financial Data (Tables)

9 Months Ended

Sep. 30, 2011

Condensed Consolidating Financial Data

Condensed Consolidating Results Of Operations

	Three months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,022.5		$	799.0	$	(36.8	)	$	1,784.7
Costs and expenses		12.1			918.5			706.1		(36.8	)		1,599.9
Operating (loss) earnings		(12.1	)		104.0			92.9		—			184.8
Other expense, net		76.2			8.6			9.3		—			94.1
Equity in the income of subsidiaries		179.0			79.5			—		(258.5	)		—
Net income (loss)	$	90.7		$	174.9		$	83.6	$	(258.5	)	$	90.7
	Three months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	927.7		$	702.6	$	(28.4	)	$	1,601.9
Costs and expenses		24.1			794.1			636.0		(28.4	)		1,425.8
Operating (loss) earnings		(24.1	)		133.6			66.6		—			176.1
Other expense, net		68.2			5.6			21.7		—			95.5
Equity in the income of subsidiaries		172.9			42.0			—		(214.9	)		—
Net income (loss)	$	80.6		$	170.0		$	44.9	$	(214.9	)	$	80.6
	Nine months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,872.9		$	2,186.5	$	(117.5	)	$	4,941.9
Costs and expenses		93.1			2,540.4			1,987.5		(117.5	)		4,503.5
Operating (loss) earnings		(93.1	)		332.5			199.0		—			438.4
Other expense, net		196.8			24.8			33.2		—			254.8
Equity in the income of subsidiaries		473.5			158.6			—		(632.1	)		—
Net income (loss)	$	183.6		$	466.3		$	165.8	$	(632.1	)	$	183.6
	Nine months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	2,710.5		$	1,723.8	$	(95.8	)	$	4,338.5
Costs and expenses		106.6			2,393.5			1,667.4		(95.8	)		4,071.7
Operating (loss) earnings		(106.6	)		317.0			56.4		—			266.8
Other expense, net		148.2			9.5			49.1		—			206.8
Equity in the income of subsidiaries		314.8			(3.3	)		—		(311.5	)		—
Net income (loss)	$	60.0		$	304.2		$	7.3	$	(311.5	)	$	60.0

Condensed Consolidating Balance Sheets

 

	As of September 30, 2011
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	122.5	$	1,141.1	$	2,262.9	$	(10.1	)	$	3,516.4
Investment in subsidiaries		5,768.4		1,772.8		—		(7,541.2	)		—
Non-current assets		148.7		3,929.9		930.8		(1,336.7	)		3,672.7
Total assets	$	6,039.6	$	6,843.8	$	3,193.7	$	(8,888.0	)	$	7,189.1
Liabilities and stockholders' equity
Current liabilities	$	246.0	$	642.4	$	591.8		(6.2	)	$	1,474.0
Non-current liabilities		3,882.1		472.9		789.2		(1,340.6	)		3,803.6
Stockholders' equity		1,911.5		5,728.5		1,812.7		(7,541.2	)		1,911.5
Total liabilities and stockholders' equity	$	6,039.6	$	6,843.8	$	3,193.7	$	(8,888.0	)	$	7,189.1

	As of December 31, 2010
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets	$	314.6	$	998.6	$	2,067.6	$	(10.0	)	$	3,370.8
Investment in subsidiaries		5,340.3		1,739.8		93.4		(7,173.5	)		—
Non-current assets		153.7		3,768.8		1,015.1		(1,215.4	)		3,722.2
Total assets	$	5,808.6	$	6,507.2	$	3,176.1	$	(8,398.9	)	$	7,093.0
Liabilities and stockholders' equity
Current liabilities	$	217.4	$	588.5	$	878.0		(6.7	)	$	1,677.2
Non-current liabilities		3,770.7		504.3		539.0		(1,218.7	)		3,595.3
Stockholders' equity		1,820.5		5,414.4		1,759.1		(7,173.5	)		1,820.5
Total liabilities and stockholders' equity	$	5,808.6	$	6,507.2	$	3,176.1	$	(8,398.9	)	$	7,093.0

Condensed Consolidating Statements Of Cash Flows

	Nine months ended September 30, 2011
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(335.9	)	$	363.4		$	(3.0	)	$	24.5
Financing activities:
Net change in short-term debt		—			—			2.7			2.7
Proceeds (payments) from (to) intercompany transactions		338.4			(286.5	)		(51.9	)		—
Proceeds from issuance of long-term debt		1,025.0			—			—			1,025.0
Payments on long-term debt		(1,102.8	)		—			—			(1,102.8	)
Issuance (repurchase) of common stock, net		(84.1	)		—			—			(84.1	)
Dividends paid		(22.6	)		—			—			(22.6	)
Other		(5.2	)		—			—			(5.2	)
Net cash provided by (used in) financing activities		148.7			(286.5	)		(49.2	)		(187.0	)
Investing Activities:
Additions to property, plant and equipment		(1.5	)		(67.1	)		(10.8	)		(79.4	)
Acquisition of business and earnout payments, net of cash acquired		(0.9	)		(12.5	)		—			(13.4	)
Other		—			—			4.8			4.8
Net cash used in investing activities		(2.4	)		(79.6	)		(6.0	)		(88.0	)
Effect of exchange rate changes on cash		—			—			1.4			1.4
Net decrease in cash and cash equivalents		(189.6	)		(2.7	)		(56.8	)		(249.1	)
Cash and cash equivalents at beginning of period		287.1			15.5			392.8			695.4
Cash and cash equivalents at end of period	$	97.5		$	12.8		$	336.0		$	446.3
	Nine months ended September 30, 2010
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidated
Net cash provided by (used in) operating activities	$	(319.9	)	$	339.4		$	(5.3	)	$	14.2
Financing activities:
Net change in short-term debt		—			50.0			9.1			59.1
Proceeds (payments) from (to) intercompany transactions		312.8			(324.7	)		11.9			—
Proceeds from issuance of long-term debt		486.1			—			—			486.1
Payments on long-term debt		(258.2	)		—			—			(258.2	)
Issuance (repurchase) of common stock, net		(33.2	)		—			—			(33.2	)
Dividends paid		(21.4	)		—			—			(21.4	)
Other		(22.7	)		—			—			(22.7	)
Net cash provided by (used in) financing activities		463.4			(274.7	)		21.0			209.7
Investing Activities:
Additions to property, plant and equipment		(26.8	)		(55.5	)		(13.3	)		(95.6	)
Acquisition of business and earnout payments, net of cash acquired		(484.2	)		(4.5	)		(0.8	)		(489.5	)
Other		(9.3	)		—			19.1			9.8
Net cash provided by (used in) investing activities		(520.3	)		(60.0	)		5.0			(575.3	)
Effect of exchange rate changes on cash		—			—			(19.9	)		(19.9	)
Net increase (decrease) in cash and cash equivalents		(376.8	)		4.7			0.8			(371.3	)
Cash and cash equivalents at beginning of period		537.9			13.8			275.7			827.4
Cash and cash equivalents at end of period	$	161.1		$	18.5		$	276.5		$	456.1

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Derivative And Other Hedging Financial Instruments (Fair Value Of Derivative Financial Instruments) (Details) (USD $) In Millions	Sep. 30, 2011		Dec. 31, 2010
Fair Value of Derivatives, Asset	$ 9.6	[1]	$ 6.7	[1]
Fair Value of Derivatives, Liability	22.9	[1]	41.1	[1]
Fair Value Derivatives [Member] | Derivatives Designated As Effective Hedges [Member] | Interest Rate Swaps [Member]
Fair Value of Derivatives, Asset		[1]		[1]
Fair Value of Derivatives, Liability		[1]	10.2	[1]
Fair Value Derivatives [Member] | Derivatives Designated As Effective Hedges [Member] | Cross-Currency Swaps [Member]
Fair Value of Derivatives, Asset		[1]		[1]
Fair Value of Derivatives, Liability		[1]	4.1	[1]
Cash Flow Derivatives [Member] | Derivatives Designated As Effective Hedges [Member] | Foreign Currency Contracts [Member]
Fair Value of Derivatives, Asset	7.9	[1]	4.5	[1]
Fair Value of Derivatives, Liability	10.2	[1]	18.9	[1]
Cash Flow Derivatives [Member] | Derivatives Designated As Effective Hedges [Member] | Interest Rate Swaps [Member]
Fair Value of Derivatives, Asset	0.5	[1]		[1]
Fair Value of Derivatives, Liability	9.5	[1]	5.3	[1]
Derivatives Designated As Effective Hedges [Member]
Fair Value of Derivatives, Asset	8.4	[1]	4.5	[1]
Fair Value of Derivatives, Liability	19.7	[1]	38.5	[1]
Derivatives Not Designated As Effective Hedges [Member]
Fair Value of Derivatives, Asset	1.2	[1]	2.2	[1]
Fair Value of Derivatives, Liability	3.2	[1]	2.6	[1]
Derivatives Not Designated As Effective Hedges [Member] | Foreign Currency Contracts [Member]
Fair Value of Derivatives, Asset	1.2	[1]	1.3	[1]
Fair Value of Derivatives, Liability	1.9	[1]	2.6	[1]
Derivatives Not Designated As Effective Hedges [Member] | Commodity Contracts [Member]
Fair Value of Derivatives, Asset		[1]	0.9	[1]
Fair Value of Derivatives, Liability	$ 1.3	[1]		[1]

[1] Consolidated balance sheet location:Asset: Other non-current assetsLiability: Other non-current liabilities

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Reorganization Costs (Reorganization Costs) (Details) (USD $) In Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2011
Employee Terminations	$ 0.6	$ 0.6
Other Charges	5.6	5.6
Reorganization costs, Total	6.2	6.2
Outdoor Solutions [Member]
Employee Terminations
Other Charges	3.8	3.8
Reorganization costs, Total	3.8	3.8
Branded Consumables [Member]
Employee Terminations	0.6	0.6
Other Charges	1.8	1.8
Reorganization costs, Total	$ 2.4	$ 2.4

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Warranty Reserve (Warranty Reserve Activity) (Details) (USD $) In Millions	9 Months Ended
	Sep. 30, 2011
Warranty Reserve
Warranty reserve at January 1	$ 86.0
Provision for warranties issued	102.0
Warranty claims paid	(108.3)
Acquisitions and other adjustments	(0.1)
Warranty reserve at September 30	$ 79.6

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Debt (Narrative) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended					9 Months Ended		9 Months Ended					1 Months Ended	9 Months Ended				9 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2011 LIBOR [Member] Senior Secured Term Loan A Facility [Member]	Sep. 30, 2011 LIBOR [Member] Senior Secured Term Loan B Facility [Member]	Sep. 30, 2011 LIBOR [Member] Senior Secured Revolving Credit Facility [Member]	Sep. 30, 2011 U.S. Dollar Component [Member] Senior Secured Revolving Credit Facility [Member]	Sep. 30, 2011 U.S. Dollar Component [Member] Canadian Term Loan [Member]	Sep. 30, 2011 Multi-Currency Component [Member] Senior Secured Revolving Credit Facility [Member]	Sep. 30, 2011 Senior Secured Credit Facility Term Loans [Member]	Sep. 30, 2011 8% Senior Notes Due 2016 [Member]	Sep. 30, 2011 6 1/8% Senior Notes Due 2022 [Member]	Sep. 30, 2011 7 1/2% Senior Subordinated Notes Due 2017 [Member]	Sep. 30, 2011 7 1/2% Senior Subordinated Notes Due 2020 [Member]	May 31, 2011 Securitization Facility Due 2014 [Member]	Sep. 30, 2011 Securitization Facility Due 2014 [Member]	May 31, 2011 Amended Securitization Facility [Member]	Sep. 30, 2011 Amended Securitization Facility [Member] Senior Secured Term Loan B Facility [Member]	Sep. 30, 2011 2% Subordinated Note Due 2012 [Member]	Sep. 30, 2011 Senior Secured Term Loan A Facility [Member]	Sep. 30, 2011 Senior Secured Term Loan B Facility [Member]	Jun. 30, 2011 Senior Secured Revolving Credit Facility [Member]	Sep. 30, 2011 Senior Secured Revolving Credit Facility [Member]
Borrowing under the credit facility	$ 1,275				$ 175		$ 75											$ 525	$ 500		$ 250
Credit facility maturity date																		March 2016	January 2017		March 2016
Interest rate of credit facility																		LIBOR plus a spread of 225 basis points	LIBOR plus a spread of 300 basis points		LIBOR plus a spread of 225 basis points
Amount outstanding under credit facility																				0
Annual commitment fee percentage on unused portion of credit facility																				0.38%
Extinguishment of debt amount						22		1,100
Loss recorded on extinguishment of debt	12.8
Debt instrument, amount reclassified from short-term debt to long-term debt														$ 300
Debt instrument maturity year									2016	2022	2017	2020	July 2013	2014	May 2014	2018	2012
Basis spread on variable rate		2.25%	3.00%	2.25%									1.25%
Unused line fee for securitization facility													0.625%

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Earnings Per Share (Details) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Earnings Per Share
Basic	87.7	88.9	88.4	89.1
Dilutive share-based awards	0.5	0.7	0.5	0.8
Diluted	88.2	89.6	88.9	89.9
Number of stock options and share warrants with exercise price exceeding average market price of common stock	2.4	2.8

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Basis Of Presentation And Significant Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Interest income included in interest expense	$ 2.7	$ 1.0	$ 5.3	$ 3.9
Before Currency Devaluation [Member] | Venezuela Operations [Member]
Bolivar exchange rate for imported essential goods (per U.S dollar)	2.15		2.15
After Currency Devaluation [Member] | Venezuela Operations [Member]
Bolivar exchange rate for imported essential goods (per U.S dollar)	2.60		2.60
Venezuela Operations [Member]
Cumulative three year inflation rate percentage			100.00%
Bolivar exchange rate for imported non-essential goods (per U.S. dollar)	4.30		4.30
Official exchange rate of foreign currency remeasured (per U.S. dollar)	4.30		4.30
Venezuela devaluation charges				21.5
Venezuela Operations [Member] | SG&A [Member]
Venezuela hyperinflationary charges				56.6
SG&A [Member]
Stock-based compensation costs	$ 3.2	$ 4.9	$ 22.1	$ 25.5