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 June 30, 2015

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.)
1800 North Military Trail, Boca Raton, FL	33431
(Address of principal executive offices)	(Zip code)

(561) 447-2520

(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 July 22, 2015
Common Stock, par value $0.01 per share	211,071,000 shares

JARDEN CORPORATION

Quarterly Report on Form 10-Q

For the three and six months ended June 30, 2015

INDEX

		Page Number
PART I.	FINANCIAL INFORMATION:		3
Item 1.	Financial Statements (unaudited):		3
	Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2015 and 2014		3
	Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2015 and 2014		4
	Condensed Consolidated Balance Sheets at June 30, 2015 and December 31, 2014		5
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014		6
	Notes to Condensed Consolidated Financial Statements		7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		25
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		33
Item 4.	Controls and Procedures		33
PART II.	OTHER INFORMATION:		34
Item 1.	Legal Proceedings		34
Item 1A.	Risk Factors		34
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 June 30,				Six months ended June 30,
	2015		2014		2015		2014
Net sales	$	2,005.7	$	1,975.1	$	3,737.2	$	3,706.9
Cost of sales		1,398.2		1,373.1		2,629.2		2,590.5
Gross profit		607.5		602.0		1,108.0		1,116.4
Selling, general and administrative expenses		416.0		409.6		944.7		860.5
Restructuring costs, net		1.9		2.3		4.5		2.6
Operating earnings		189.6		190.1		158.8		253.3
Interest expense, net		51.9		52.9		104.8		106.9
Loss on early extinguishment of debt		—		54.4		—		54.4
Income before taxes		137.7		82.8		54.0		92.0
Income tax provision		51.8		30.7		23.6		36.2
Net income	$	85.9	$	52.1	$	30.4	$	55.8
Earnings per share:
Basic	$	0.46	$	0.28	$	0.16	$	0.30
Diluted	$	0.44	$	0.28	$	0.16	$	0.29
Weighted average shares outstanding:
Basic		186.2		184.7		185.8		186.2
Diluted		195.4		187.7		194.6		190.4

See accompanying notes to condensed consolidated financial statements.

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JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(Unaudited)

(In millions)

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Comprehensive income:
Net income	$	85.9		$	52.1		$	30.4		$	55.8
Other comprehensive income (loss), before tax:
Cumulative translation adjustment		16.2			13.5			(67.4	)		5.7
Derivative financial instruments		(13.4	)		(7.9	)		(10.7	)		(10.0	)
Accrued benefit cost		1.1			1.1			4.3			2.3
Unrealized gain on investment		—			4.4			—			4.4
Total other comprehensive income (loss), before tax		3.9			11.1			(73.8	)		2.4
Income tax (provision) benefit related to other comprehensive income (loss)		6.6			0.4			(7.3	)		0.8
Comprehensive income (loss)	$	96.4		$	63.6		$	(50.7	)	$	59.0

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)

	June 30, 2015			December 31, 2014
Assets:
Cash and cash equivalents	$	729.9		$	1,164.8
Accounts receivable, net of allowances of $103.2 and $119.7 at June 30, 2015 and December 31, 2014, respectively		1,256.5			1,277.9
Inventories		1,884.0			1,504.7
Deferred taxes on income		222.0			166.2
Prepaid expenses and other current assets		164.7			204.4
Total current assets		4,257.1			4,318.0
Property, plant and equipment, net		810.4			849.9
Goodwill		2,885.2			2,880.2
Intangibles, net		2,579.0			2,598.5
Other assets		150.0			152.7
Total assets	$	10,681.7		$	10,799.3
Liabilities:
Short-term debt and current portion of long-term debt	$	588.5		$	594.9
Accounts payable		800.1			809.9
Accrued salaries, wages and employee benefits		171.6			195.1
Other current liabilities		425.7			477.3
Total current liabilities		1,985.9			2,077.2
Long-term debt		4,437.0			4,464.0
Deferred taxes on income		1,228.7			1,222.1
Other non-current liabilities		439.7			426.7
Total liabilities		8,091.3			8,190.0
Commitments and contingencies (see Note 10)		—			—
Stockholders’ equity:
Preferred stock ($0.01 par value, 5.0 shares authorized, no shares issued at June 30, 2015 and December 31, 2014)		—			—
Common stock ($0.01 par value, 500 and 300 shares authorized at June 30, 2015 and December 31, 2014, respectively, 233.3 shares issued at June 30, 2015 and December 31, 2014)		2.3			2.3
Additional paid-in capital		2,562.0			2,515.5
Retained earnings		1,315.1			1,284.7
Accumulated other comprehensive income (loss)		(261.8	)		(180.7	)
Less: Treasury stock (40.7 and 41.3 shares, at cost, at June 30, 2015 and December 31, 2014, respectively)		(1,027.2	)		(1,012.5	)
Total stockholders’ equity		2,590.4			2,609.3
Total liabilities and stockholders’ equity	$	10,681.7		$	10,799.3

See accompanying notes to condensed consolidated financial statements.

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JARDEN CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In millions)

	Six months ended June 30,
	2015			2014
Cash flows from operating activities:
Net income	$	30.4		$	55.8
Reconciliation of net income to net cash used in operating activities:
Depreciation and amortization		97.0			92.7
Venezuela-related charges		60.6			—
Stock-based compensation		41.2			41.0
Excess tax benefits from stock-based compensation		(21.5	)		(34.9	)
Other non-cash items		0.7			(4.9	)
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable		(2.3	)		(27.4	)
Inventory		(405.3	)		(236.8	)
Accounts payable		(8.0	)		58.3
Other assets and liabilities		(64.8	)		(118.2	)
Net cash used in operating activities		(272.0	)		(174.4	)
Cash flows from financing activities:
Net change in short-term debt		(6.4	)		34.0
Proceeds from issuance of long-term debt		4.0			691.6
Payments on long-term debt		(24.3	)		(551.0	)
Issuance (repurchase) of common stock, net		(33.5	)		(269.8	)
Excess tax benefits from stock-based compensation		21.5			34.9
Debt issuance costs		—			(16.6	)
Other		(0.4	)		(8.2	)
Net cash used in financing activities		(39.1	)		(85.1	)
Cash flows from investing activities:
Additions to property, plant and equipment		(97.7	)		(99.3	)
Acquisition of businesses, net of cash acquired		(33.2	)		(108.4	)
Other		39.1			4.8
Net cash used in investing activities		(91.8	)		(202.9	)
Effect of exchange rate changes on cash and cash equivalents		(32.0	)		(0.8	)
Net decrease in cash and cash equivalents		(434.9	)		(463.2	)
Cash and cash equivalents at beginning of period		1,164.8			1,128.5
Cash and cash equivalents at end of period	$	729.9		$	665.3

See accompanying notes to condensed consolidated financial statements.

6

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, recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at December 31, 2014 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, 2014. Certain reclassifications have been made in the Company’s financial statements of the prior year to conform to the current year presentation. These reclassifications have no impact on previously reported net income.

Stock Split

On November 24, 2014, the Company consummated a 3-for-2 stock split in the form of a stock dividend of one additional share of common stock for every two shares of common stock. The Company retained the current par value of $0.01 per share for all shares of common stock. All references to the number of shares outstanding, issued shares, per share amounts and restricted stock and stock option data of the Company’s shares of common stock have been restated to reflect the effect of the stock split for all periods presented in the Company’s accompanying consolidated financial statements and footnotes thereto.

Supplemental Information

Stock-based compensation costs, which are included in selling, general and administrative expenses (“SG&A”), were $2.3 and $6.1 for the three months ended June 30, 2015 and 2014, respectively, and $41.2 and $41.0 for the six months ended June 30, 2015 and 2014, respectively.

Interest expense is net of interest income of $0.5 and $1.4 for the three months ended June 30, 2015 and 2014, respectively, and $1.2 and $2.8, for the six months ended June 30, 2015 and 2014, respectively.

Venezuela Operations

Prior to March 31, 2015, the Company included the results of its Venezuelan operations in the consolidated financial statements using the consolidation method of accounting. Venezuelan exchange control regulations have become increasingly restrictive and have resulted in an other-than-temporary lack of exchangeability between the Venezuelan bolivar and U.S. dollar, and have restricted our Venezuelan operations’ ability to pay obligations denominated in U.S. dollars, as well as pay dividends. These exchange regulations, combined with certain Venezuelan regulations, limit the Company’s ability to rationalize its manufacturing platform to a level that would allow the Company to maintain a sustainable production level that is commensurate with the declining demand resulting from the deteriorating macroeconomic conditions in Venezuela. Furthermore, the Venezuelan government imposes price restrictions that prohibit the Company from pricing its products at acceptable levels. As such, effective March 31, 2015, the Company began reporting the results of its Venezuelan operations using the cost method of accounting. As a result, during the three months ended March 31, 2015, the Company recorded charges of $60.6 related to the deconsolidation of the Company’s subsidiaries operating in Venezuela (the “Venezuela-related charges”) that include in part, charges for the remeasurement of net monetary assets and the impairment of long-lived assets (discussed hereafter). The Venezuela-related charges are recorded in SG&A.

On February 10, 2015, the Venezuelan government established a new foreign exchange system, the Marginal Currency System (“SIMADI”). Furthermore, in February 2015 shortly after establishment of SIMADI, the SICAD-II program was eliminated. As such, the Company determined it would be most appropriate to remeasure the net monetary assets of the Company’s subsidiaries operating

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in Venezuela at the SIMADI exchange rate, as this was the Company’s expected settlement rate. The SIMADI exchange rate was approximately 193 Bolivars per U.S. dollar at March 31, 2015. As such, due to the change to the SIMADI exchange rate, during the three months ended March 31, 2015, the Company recorded a foreign exchange-related charge of $13.0 related to the write-down of net monetary assets due to this remeasurement. This charge is included in the aforementioned Venezuela-related charges. Furthermore, as a result of the continued foreign exchange restrictions, combined with the unfavorable macroeconomic conditions in Venezuela, the Company recorded a $37.3 impairment charge on property, plant and equipment that were previously recorded at historical cost. This charge is included in the aforementioned Venezuela-related charges.

Up until December 31, 2014, the financial statements of the Company’s subsidiaries operating in Venezuela were remeasured at and reflected in the Company’s consolidated financial statements at the CENCOEX official exchange rate of 6.30 Bolivars per U.S. dollar. Due to the evolving foreign exchange control environment in Venezuela and additional experience with the various foreign exchange mechanisms, as of December 31, 2014, the Company determined it would be most appropriate to remeasure the financial statements of the Company’s subsidiaries operating in Venezuela at the SICAD-II exchange rate of 50.0 Bolivars per U.S. dollar.

New Accounting Guidance

In May 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2015-07, “Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), (“ASU 2015-07”). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and remove certain related disclosure requirements. ASU 2015-07 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Since ASU 2015-07 only modifies existing disclosures, the adoption of ASU 2015-07 will not affect the consolidated financial position, results of operations or cash flows of the Company.

In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). ASU No. 2015-03 changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability rather than as an asset. ASU 2015-03 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-03 to have a material effect on its consolidated financial position, results of operations or cash flows.

In February 2015, the FASB issued ASU No. 2015-02, “Amendments to the Consolidation Analysis” (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities. ASU 2015-02 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-02 to have a material effect on its consolidated financial position, results of operations or cash flows.

Adoption of New Accounting Guidance

In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”). ASU-2014-08 establishes criteria for determining which disposals qualify as discontinued operations and also establishes disclosure requirements for both discontinued operations and material disposals that do not meet the definition of discontinued operations. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014. The adoption of the provisions of ASU 2014-08 did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

2. Acquisitions

2015 Activity

On July 31, 2015, the Company acquired Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets (the “Acquisition”). The total value of the transaction, including debt assumed and repaid, was approximately $1.35 billion, subject to certain adjustments. The Acquisition is expected to expand the Company’s product offerings and distribution channels, particularly in the business-to-business category, as well as create cross-selling opportunities. Waddington will be reported in the Company’s Branded Consumables segment and will be included in the Company’s results of operations from the date of acquisition. Supplemental pro forma information and the preliminary purchase price allocation have not been provided as estimates of the fair value of the assets acquired and liabilities assumed have not been completed.

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During the six months ended June 30, 2015, the Company also completed two tuck-in acquisitions that by nature were complementary to the Company’s core businesses and from an accounting standpoint were not significant.

2014 Activity

On August 29, 2014, the Company completed the acquisition of Rexair Holdings, Inc. (“Rexair”), a global provider of premium vacuum cleaning systems sold primarily under the Rainbow^® brand name. Rexair is reported in the Company’s Consumer Solutions segment and is included in the Company’s results of operations from the date of acquisition.

3. Inventories

Inventories are comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015		December 31, 2014
Raw materials and supplies	$	296.0	$	250.0
Work-in-process		81.3		71.0
Finished goods		1,506.7		1,183.7
Total inventories	$	1,884.0	$	1,504.7

4. Property, Plant and Equipment

Property, plant and equipment, net, is comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015			December 31, 2014
Land	$	56.8		$	62.5
Buildings		442.1			460.1
Machinery and equipment		1,368.0			1,311.4
Construction-in-progress		79.2			98.8
		1,946.1			1,932.8
Less: Accumulated depreciation		(1,135.7	)		(1,082.9	)
Total property, plant and equipment, net	$	810.4		$	849.9

Depreciation of property, plant and equipment was $40.8 and $41.5 for the three months ended June 30, 2015 and 2014, respectively, and $79.8 and $81.2 for the six months ended June 30, 2015 and 2014, respectively.

5. Goodwill and Intangibles

Goodwill activity for the six months ended June 30, 2015 is as follows:

								June 30, 2015
(in millions)	Net Book Value at December 31, 2014		Additions		Foreign Exchange and Other Adjustments			Gross Carrying Amount		Accumulated Impairment Charges			Net Book Value
Goodwill
Branded Consumables	$	1,385.1	$	—	$	(2.6	)	$	1,605.7	$	(223.2	)	$	1,382.5
Consumer Solutions		757.7		—		(4.9	)		752.8		—			752.8
Outdoor Solutions		715.7	$	15.9		(3.4	)		746.7		(18.5	)	$	728.2
Process Solutions		21.7		—		—			21.7		—			21.7
	$	2,880.2	$	15.9	$	(10.9	)	$	3,126.9	$	(241.7	)	$	2,885.2

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Intangibles activity for the six months ended June 30, 2015 is as follows:

(in millions)	Gross Carrying Amount at December 31, 2014		Additions		Accumulated Amortization and Foreign Exchange			Net Book Value at June 30, 2015		Amortization Periods (years)
Intangibles
Patents	$	9.3	$	—	$	(5.0	)	$	4.3	12-30
Manufacturing process and expertise		65.2		—		(47.7	)		17.5	3-7
Brand names		23.3		1.4		(11.9	)		12.8	4-20
Customer relationships and distributor channels		549.6		11.3		(120.5	)		440.4	10-35
Trademarks and tradenames		2,131.7		1.1		(28.8	)		2,104.0	indefinite
	$	2,779.1	$	13.8	$	(213.9	)	$	2,579.0

Amortization of intangibles was $8.7 and $5.6 for the three months ended June 30, 2015 and 2014, respectively, and $17.2 and $11.5 for the six months ended June 30, 2015 and 2014, respectively.

6. Warranty Reserve

The warranty reserve activity for the six months ended June 30, 2015 is as follows:

(in millions)	2015
Warranty reserve at January 1,	$	96.8
Provision for warranties issued		66.0
Warranty claims paid		(68.2	)
Acquisitions and other adjustments		(0.7	)
Warranty reserve at June 30,	$	93.9

7. Debt

Debt is comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015			December 31, 2014
Senior Secured Credit Facility Term Loans	$	2,001.5		$	2,024.6
6 1⁄8% Senior Notes due 2022 (a)		300.0			300.0
3 3⁄4% Senior Notes due 2021 (a)		331.6			357.9
7 1⁄2% Senior Subordinated Notes due 2017 (b)		653.0			650.6
17/8% Senior Subordinated Convertible Notes due 2018 (c)		452.5			445.8
1 1⁄2% Senior Subordinated Convertible Notes due 2019 (c)		229.9			226.0
1 1⁄8% Senior Subordinated Convertible Notes due 2034 (c)		492.9			484.1
Securitization Facility		489.3			479.3
Non-U.S. borrowings		66.5			83.2
Other		8.3			7.4
Total debt		5,025.5			5,058.9
Less: current portion		(588.5	)		(594.9	)
Total long-term debt	$	4,437.0		$	4,464.0

(a) Collectively, the “Senior Notes.”

(b) The “Senior Subordinated Notes.”

(c) Collectively, the “Senior Subordinated Convertible Notes.”

Other

At June 30, 2015 and December 31, 2014, the carrying value of total debt approximates fair market value. The fair market value (Level 1 measurement) of the Senior Notes and the Senior Subordinated Notes is based upon quoted market prices. The fair market value (Level 2 measurement) for all other debt instruments is estimated using interest rates currently available to the Company for debt with similar terms and maturities.

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Subsequent Event

In July 2015, the Company borrowed $900 under its senior secured credit facility, which is comprised of $300 under the existing senior secured term loan B1 facility that matures in 2020 and bears interest at LIBOR plus a 275 basis point spread; and $600 under a new senior secured term loan B2 facility that matures in 2022 and bears interest at LIBOR plus a 275 basis point spread. The proceeds were used, in part, to fund a portion of the Acquisition.

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 Value Hedges

At June 30, 2015, the Company had $650 notional amount of interest rate swaps that exchange a fixed rate of interest for variable rate of interest (LIBOR) plus a weighted average spread of approximately 605 basis points. These floating rate swaps are designated as fair value hedges against $650 of principal on the Senior Subordinated Notes for the remaining life of these notes. The effective portion of the fair value gains or losses on these swaps is offset by fair value adjustments in the underlying debt.

Cash Flow Hedges

At June 30, 2015, the Company had $850 notional amount outstanding in swap agreements, which includes $350 notional amount of forward-starting swaps that become effective commencing December 31, 2015, that exchange a variable rate of interest (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 June 2020. At June 30, 2015, the weighted average fixed rate of interest on these swaps, excluding the forward-starting swaps, was approximately 1.3%. 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”).

Foreign Currency Contracts

The Company uses forward 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 January 2017. 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 June 30, 2015, the Company had approximately $616 notional amount outstanding of forward foreign currency contracts that are designated as cash flow hedges of forecasted inventory purchases and sales.

The Company also uses foreign currency contracts, primarily forward foreign currency contracts, to mitigate the foreign currency exposure of certain other foreign currency transactions. At June 30, 2015, the Company had approximately $408 notional amount outstanding of these foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through September 2016. 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 June 30, 2015, the Company had approximately $50 notional amount outstanding of commodity-based derivatives that are not designated as effective hedges for accounting purposes and have maturity dates through December 2016. Fair market value gains or losses are included in the results of operations and are classified in cost of sales.

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The following table presents the fair value of derivative financial instruments as of June 30, 2015 and December 31, 2014:

	June 30, 2015				December 31, 2014
	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	$	—	$	8.1	$	0.6	$	7.2
Foreign currency contracts		22.0		9.3		25.9		3.8
Fair value hedges:
Interest rate swaps		0.8		—		—		2.2
Subtotal		22.8		17.4		26.5		13.2
Derivatives not designated as effective hedges:
Foreign currency contracts		7.0		3.1		2.8		1.3
Commodity contracts		1.1		5.3		—		9.0
Subtotal		8.1		8.4		2.8		10.3
Total	$	30.9	$	25.8	$	29.3	$	23.5

(a) Consolidated balance sheet location:

Asset: Other current and non-current assets

Liability: Other current and non-current liabilities

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The following table presents gain and loss activity (on a pretax basis) for the three and six months ended June 30, 2015 and 2014 related to derivative financial instruments designated as effective hedges:

	Three months ended June 30, 2015								Three months ended June 30, 2014
	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	$	1.4		$	—	$	—		$	(2.8	)	$	—	$	—
Foreign currency contracts		(3.6	)		11.2		(2.6	)		(2.9	)		2.2		(2.3	)
Total	$	(2.2	)	$	11.2	$	(2.6	)	$	(5.7	)	$	2.2	$	(2.3	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	0.5	$	—					$	0.2	$	—
Cost of Sales					10.7		—						2.0		—
SG&A					—		(2.6	)					—		(2.3	)
Total				$	11.2	$	(2.6	)				$	2.2	$	(2.3	)
	Six months ended June 30, 2015								Six months ended June 30, 2014
	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	$	(1.5	)	$	—	$	—		$	(3.5	)	$	—	$	—
Foreign currency contracts		9.4			18.6		(3.5	)		(2.3	)		4.2		(3.9	)
Total	$	7.9		$	18.6	$	(3.5	)	$	(5.8	)	$	4.2	$	(3.9	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	0.8	$	—					$	1.0	$	—
Cost of Sales					17.8		—						3.2		—
SG&A					—		(3.5	)					—		(3.9	)
Total				$	18.6	$	(3.5	)				$	4.2	$	(3.9	)

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

(b) Represents portion excluded from effectiveness testing.

At June 30, 2015, deferred net gains of approximately $17 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 six months ended June 30, 2015 and 2014 related to derivative financial instruments not designated as effective hedges:

	Gain/(Loss) Recognized in Income (a)
	Three months ended June 30,						Six months ended June 30,
(in millions)	2015			2014			2015		2014
Derivatives not designated as effective hedges:
Cash flow hedges:
Foreign currency contracts	$	(9.0	)	$	(1.4	)	$	5.2	$	(6.4	)
Commodity contracts		2.5			0.5			0.7		0.9
Total	$	(6.5	)	$	(0.9	)	$	5.9	$	(5.5	)

(a) Classified in SG&A.

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Net Investment Hedge

The Company has designated €300 of the principal balance of its Euro-denominated 3 ³⁄₄% senior notes due October 2021 (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 June 30, 2015, $45.1 of after-tax deferred gains have been recorded in AOCI.

9. Fair Value Measurements

The following table summarizes assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014:

	June 30, 2015											December 31, 2014
	Fair Value Asset (Liability)											Fair Value Asset (Liability)
(in millions)	Level 1		Level 2			Level 3			Total			Level 1		Level 2			Level 3			Total
Derivatives:
Assets	$	—	$	30.9		$	—		$	30.9		$	—	$	29.3		$	—		$	29.3
Liabilities		—		(25.8	)		—			(25.8	)		—		(23.5	)		—			(23.5	)
Available-for-sale securities		—		—			—			—			—		1.5			—			1.5
Contingent consideration		—		—			(30.9	)		(30.9	)		—		—			(32.6	)		(32.6	)

Derivative assets and liabilities relate to interest rate swaps, foreign currency contracts and commodity contracts. 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 include inflation protected bonds and are valued based on quoted market prices.

The fair value measurement of the contingent consideration obligations arising from acquisitions is based upon Level 3 inputs including, in part, the estimate of future cash flows based upon the likelihood of achieving the various earn-out criteria. Changes in the fair value of the contingent consideration obligations are recorded in SG&A.

Changes in the fair value of the contingent consideration obligations for the six months ended June 30, 2015 were as follows:

(in millions)	2015
Contingent consideration at January 1,	$	32.6
Acquisitions		4.5
Payments		(0.6	)
Adjustments and foreign exchange		(5.6	)
Contingent consideration at June 30,	$	30.9

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 and/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

14

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 uncertainties 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 June 30, 2015.

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 its consolidated financial position, results of operations or cash flows.

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 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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11. Earnings Per Share

The computations of the weighted average shares outstanding for the three and six months ended June 30, 2015 and 2014 are as follows:

	Three months ended June 30,				Six months ended June 30,
(in millions)	2015		2014		2015		2014
Weighted average shares outstanding:
Basic		186.2		184.7		185.8		186.2
Dilutive share-based awards		0.2		0.3		0.4		0.9
Convertible debt		9.0		2.7		8.4		3.3
Diluted		195.4		187.7		194.6		190.4

Because it is the Company’s intention to redeem the principal amount of the Senior Subordinated Convertible Notes in cash, the treasury stock method is used for determining potential dilution in the diluted earnings per share computation. As of June 30, 2015, there were 6.0 million restricted share awards with performance-based vesting targets that were not met and as such, have been excluded from the computation of diluted earnings per share.

12. Stockholders’ Equity

Subsequent Event

On July 22, 2015, pursuant to a public offering of its common stock, the Company completed an equity offering of 18.4 million newly-issued shares of common stock at $54.50 per share. The net proceeds to the Company, after the payment of underwriting discounts and other expenses of the offering, were approximately $969. The net proceeds were used to fund a portion of the Acquisition.

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13. Employee Benefit Plans

The components of pension and postretirement benefit expense for the three and six months ended June 30, 2015 and 2014 are as follows:

	Pension Benefits
	Three months ended June 30,
	2015									2014
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	0.6		$	0.6		$	—		$	0.6		$	0.6
Interest cost		2.9			0.4			3.3			3.6			0.6			4.2
Expected return on plan assets		(4.1	)		(0.3	)		(4.4	)		(4.3	)		(0.4	)		(4.7	)
Amortization, net		1.4			0.3			1.7			1.2			0.1			1.3
Net periodic expense	$	0.2		$	1.0		$	1.2		$	0.5		$	0.9		$	1.4
	Six months ended June 30,
	2015									2014
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	1.1		$	1.1		$	—		$	1.1		$	1.1
Interest cost		5.8			0.8			6.6			7.3			1.2			8.5
Expected return on plan assets		(8.2	)		(0.6	)		(8.8	)		(8.7	)		(0.7	)		(9.4	)
Amortization, net		2.9			0.6			3.5			2.4			0.2			2.6
Net periodic expense	$	0.5		$	1.9		$	2.4		$	1.0		$	1.8		$	2.8

	Postretirement Benefits
	Three months ended June 30,					Six months ended June 30,
(in millions)	2015		2014			2015			2014
Interest cost	$	—	$	0.1		$	0.1		$	0.2
Amortization, net		—		(0.2	)		(0.1	)		(0.3	)
Net periodic expense	$	—	$	(0.1	)	$	—		$	(0.1	)

14. Restructuring Costs

Details and the activity related to accrued restructuring costs as of and for the six months ended June 30, 2015 are as follows:

(in millions)	Accrual Balance at December 31, 2014		Restructuring Costs, net		Payments			Foreign Currency and Other			Accrual Balance at June 30, 2015
Severance and other employee-related	$	5.4	$	0.7	$	(3.4	)	$	(0.4	)	$	2.3
Other costs		5.4		3.8		(3.1	)		(0.1	)		6.0
Total	$	10.8	$	4.5	$	(6.5	)	$	(0.5	)	$	8.3

15. Segment Information

The Company reports four business segments: Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. The majority of the Company’s sales are 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 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, air fresheners, 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, foam coolers, fresh preserving jars and accessories, home decor accessories, home fragrance products, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, premium scented candles and accessories, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, travel sprays, window guards and other accessories. This segment markets our products under the Aviator^®, Ball^®, Bee^®, Bernardin^®, Bicycle^®, Billy Boy^®, BRK^®, Crawford^®, Diamond^®, Fiona^®, First Alert^®, First Essentials^®, Hoyle^®, Java-Log^®, KEM^®, Kerr^®,

17

Lehigh^®, Lifoam^®, Lillo^®, Loew-Cornell^®, Mapa^®, Millefiori^®, NUK^®, Pine Mountain^®, ProPak^®, Quickie Green Cleaning^®, Quickie Home-Pro^®, Quickie Microban^®, Quickie Original^®, Quickie Professional^®, Spontex^®, Tigex^®, Wellington^® and Yankee Candle^® brand names, among others.

The Consumer Solutions segment manufactures or sources, markets, and distributes a diverse line of household products, including kitchen appliances and home environment products. This segment maintains a strong portfolio of globally-recognized brands including Bionaire^®, Cadence^®, Crock-Pot^®, FoodSaver^®, Health o meter^®, Holmes^®, Mr. Coffee^®, Oster^®, Patton^®, Rainbow^®, Rival^®, Seal-a-Meal^®, Sunbeam^® and Villaware^®. The principal products in this segment include: household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, tea kettles, toasters, toaster ovens and vacuum packaging machines; home environmental products, such as air purifiers, fans, heaters, humidifiers and vacuum cleaning systems; clippers, trimmers and other hair care products for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; products for the hospitality industry; and scales for consumer use. The Consumer Solutions segment also has rights to sell various small appliance products, in substantially all of Europe under the Breville^® brand name.

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, 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 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^®. Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold under brand names such as Helium^®, Hodgman^®, MadDog Gear^®, Sevylor^®, Sospenders^® and Stearns^®. The Company also sells high performance technical and outdoor apparel and equipment under brand names such as CAPP3L^®, Dalbello^®, Ex Officio^®, K2^®, Marker^®, Marmot^®, Planet Earth^®, Ride^®, Squadra^®, Völkl^® and Zoot^®, and premium air beds under the AeroBed^® brand. The Outdoor Solutions Segment also sells a variety of products sold internationally under brand names such as Campingaz^®, Esky^®, Greys^®, Hardy^® and Invicta^®.

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 a leading 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.

18

Segment information as of and for the three and six months ended June 30, 2015 and 2014 is as follows:

	Three months ended June 30, 2015
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	677.3		$	473.6		$	753.3		$	124.6		$	(23.1	)	$	2,005.7		$	—		$	2,005.7
Segment earnings (loss)		115.9			64.2			84.9			19.5			—			284.5			(25.8	)		258.7
Adjustments to reconcile to reported operating earnings (loss):
Restructuring costs, net		(1.9	)		—			—			—			—			(1.9	)		—			(1.9	)
Acquisition-related and other costs		(5.5	)		(4.5	)		(6.5	)		—			—			(16.5	)		(1.2	)		(17.7	)
Depreciation and amortization		(21.3	)		(9.3	)		(14.2	)		(3.0	)		—			(47.8	)		(1.7	)		(49.5	)
Operating earnings (loss)	$	87.2		$	50.4		$	64.2		$	16.5		$	—		$	218.3		$	(28.7	)	$	189.6
Other segment data:
Total assets	$	4,331.1		$	2,466.1		$	3,009.9		$	213.2		$	—		$	10,020.3		$	661.4		$	10,681.7

	Three months ended June 30, 2014
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	684.4		$	445.6		$	754.9		$	111.8		$	(21.6	)	$	1,975.1		$	—		$	1,975.1
Segment earnings (loss)		105.5			55.3			100.2			18.3			—			279.3			(20.8	)		258.5
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		—			(1.3	)		—			—			—			(1.3	)		—			(1.3	)
Restructuring costs, net		—			(0.7	)		(1.6	)		—			—			(2.3	)		—			(2.3	)
Acquisition-related and other costs		(1.4	)		(1.0	)		(5.2	)		—			—			(7.6	)		(0.5	)		(8.1	)
Venezuela-related charges		—			—			—			—			—			—			(9.6	)		(9.6	)
Depreciation and amortization		(21.9	)		(6.7	)		(14.3	)		(2.8	)		—			(45.7	)		(1.4	)		(47.1	)
Operating earnings (loss)	$	82.2		$	45.6		$	79.1		$	15.5		$	—		$	222.4		$	(32.3	)	$	190.1

	Six months ended June 30, 2015
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,322.6		$	852.8		$	1,378.2		$	228.7		$	(45.1	)	$	3,737.2		$	—		$	3,737.2
Segment earnings (loss)		190.5			94.3			125.3			30.8			—			440.9			(83.2	)		357.7
Adjustments to reconcile to reported operating earnings (loss):
Restructuring costs, net		(2.5	)		—			—			—			—			(2.5	)		(2.0	)		(4.5	)
Acquisition-related and other costs		(9.9	)		(9.2	)		(14.7	)		—			—			(33.8	)		(3.0	)		(36.8	)
Venezuela-related charges		—			—			—			—			—			—			(60.6	)		(60.6	)
Depreciation and amortization		(41.8	)		(19.0	)		(27.3	)		(5.8	)		—			(93.9	)		(3.1	)		(97.0	)
Operating earnings (loss)	$	136.3		$	66.1		$	83.3		$	25.0		$	—		$	310.7		$	(151.9	)	$	158.8

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	Six months ended June 30, 2014
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,306.2		$	789.6		$	1,439.0		$	214.1		$	(42.0	)	$	3,706.9		$	—		$	3,706.9
Segment earnings (loss)		180.5			91.8			155.5			30.6			—			458.4			(73.6	)		384.8
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		—			(1.3	)		—			—			—			(1.3	)		—			(1.3	)
Restructuring costs, net		—			(1.0	)		(1.6	)		—			—			(2.6	)		—			(2.6	)
Acquisition-related and other costs		(6.4	)		(4.0	)		(10.4	)		—			—			(20.8	)		(0.5	)		(21.3	)
Venezuela-related charges		—			—			—			—			—			—			(13.6	)		(13.6	)
Depreciation and amortization		(41.9	)		(14.4	)		(28.1	)		(5.6	)		—			(90.0	)		(2.7	)		(92.7	)
Operating earnings (loss)	$	132.2		$	71.1		$	115.4		$	25.0		$	—		$	343.7		$	(90.4	)	$	253.3

16. Accumulated Other Comprehensive Income (Loss)

AOCI activity for the six months ended June 30, 2015 is as follows:

(in millions)	Cumulative Translation Adjustment			Derivative Financial Instruments			Accrued Benefit Cost			AOCI
AOCI balance at December 31, 2014	$	(139.5	)	$	13.4		$	(54.6	)	$	(180.7	)
AOCI activity, net of tax:
OCI excluding reclassifications		(76.1	)		5.8			0.6			(69.7	)
Reclassifications to earnings		—			(13.6	)		2.2			(11.4	)
Subtotal OCI, net of tax		(76.1	)		(7.8	)		2.8			(81.1	)
AOCI balance at June 30, 2015	$	(215.6	)	$	5.6		$	(51.8	)	$	(261.8	)

For the three and six months ended June 30, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $1.7 and $1.1, respectively, and $3.4 and $2.3, respectively, and primarily represent the amortization of net actuarial losses (see Note 13). For the three and six months ended June 30, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were income of $11.2 and $2.2, respectively, and $18.6 and $4.2, respectively (see Note 8).

The income tax (provision) benefit allocated to the components of OCI for the three and six months ended June 30, 2015 and 2014 is as follows:

	Three months ended June 30,						Six months ended June 30,
(in millions)	2015			2014			2015			2014
Cumulative translation adjustment	$	3.3		$	—		$	(8.7	)	$	—
Derivative financial instruments		3.7			2.3			2.9			3.1
Accrued benefit cost		(0.4	)		(0.4	)		(1.5	)		(0.8	)
Unrealized gain on investment		—			(1.5	)		—			(1.5	)
Income tax (provision) benefit related to OCI	$	6.6		$	0.4		$	(7.3	)	$	0.8

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17. Condensed Consolidating Financial Data

The Company provides condensed consolidating financial data for its subsidiaries that are guarantors of its registered public debt. The Company’s 6 ¹⁄₈% senior notes due 2022 and Senior Subordinated Notes (see Note 7) are fully guaranteed, jointly and severally, by certain of the Company’s domestic subsidiaries (“Guarantor Subsidiaries”). The guarantees of the Guarantor Subsidiaries are subject to release only in certain limited circumstances. 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, using the equity method of accounting for subsidiaries as of June 30, 2015 and December 31, 2014 and for the three and six months ended June 30, 2015 and 2014.

Condensed Consolidating Results of Operations

	Three months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,446.1	$	766.1	$	(206.5	)	$	2,005.7
Cost of sales		—			1,039.1		565.6		(206.5	)		1,398.2
Gross profit		—			407.0		200.5		—			607.5
Selling, general and administrative expenses		23.9			264.1		128.0		—			416.0
Restructuring costs, net		—			1.5		0.4		—			1.9
Operating earnings		(23.9	)		141.4		72.1		—			189.6
Interest expense, net		33.6			16.3		2.0		—			51.9
Income (loss) before taxes and equity earnings of subsidiaries		(57.5	)		125.1		70.1		—			137.7
Income tax provision (benefit)		(21.8	)		47.4		26.2		—			51.8
Equity earnings of subsidiaries		121.6			40.3		—		(161.9	)		—
Net income (loss)		85.9			118.0		43.9		(161.9	)		85.9
Other comprehensive income (loss), net of tax		10.5			10.9		17.5		(28.4	)		10.5
Comprehensive income (loss)	$	96.4		$	128.9	$	61.4	$	(190.3	)	$	96.4

	Three months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,367.1	$	814.5	$	(206.5	)	$	1,975.1
Cost of sales		—			991.0		588.6		(206.5	)		1,373.1
Gross profit		—			376.1		225.9		—			602.0
Selling, general and administrative expenses		11.0			256.7		141.9		—			409.6
Restructuring costs, net		—			—		2.3		—			2.3
Operating earnings		(11.0	)		119.4		81.7		—			190.1
Interest expense, net		34.4			16.3		2.2		—			52.9
Loss on early extinguishment of debt		54.4			—		—		—			54.4
Income (loss) before taxes and equity earnings of subsidiaries		(99.8	)		103.1		79.5		—			82.8
Income tax provision (benefit)		(37.0	)		38.9		28.8		—			30.7
Equity earnings of subsidiaries		114.9			43.0		—		(157.9	)		—
Net income (loss)		52.1			107.2		50.7		(157.9	)		52.1
Other comprehensive income (loss), net of tax		11.5			12.7		13.2		(25.9	)		11.5
Comprehensive income (loss)	$	63.6		$	119.9	$	63.9	$	(183.8	)	$	63.6

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	Six months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,684.1		$	1,436.8		$	(383.7	)	$	3,737.2
Cost of sales		—			1,943.9			1,069.0			(383.7	)		2,629.2
Gross profit		—			740.2			367.8			—			1,108.0
Selling, general and administrative expenses		85.7			562.8			296.2			—			944.7
Restructuring costs, net		2.0			1.5			1.0			—			4.5
Operating earnings		(87.7	)		175.9			70.6			—			158.8
Interest expense, net		67.8			32.5			4.5			—			104.8
Income (loss) before taxes and equity earnings of subsidiaries		(155.5	)		143.4			66.1			—			54.0
Income tax provision (benefit)		(58.9	)		54.3			28.2			—			23.6
Equity earnings of subsidiaries		127.0			32.6			—			(159.6	)		—
Net income (loss)		30.4			121.7			37.9			(159.6	)		30.4
Other comprehensive income (loss), net of tax		(81.1	)		(38.4	)		(62.5	)		100.9			(81.1	)
Comprehensive income (loss)	$	(50.7	)	$	83.3		$	(24.6	)	$	(58.7	)	$	(50.7	)
	Six months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,550.2		$	1,554.6		$	(397.9	)	$	3,706.9
Cost of sales		—			1,857.4			1,131.0			(397.9	)		2,590.5
Gross profit		—			692.8			423.6			—			1,116.4
Selling, general and administrative expenses		64.8			505.6			290.1			—			860.5
Reorganization costs, net		—			—			2.6			—			2.6
Operating earnings		(64.8	)		187.2			130.9			—			253.3
Interest expense, net		70.6			32.5			3.8			—			106.9
Loss on early extinguishment of debt		54.4			—			—			—			54.4
Income (loss) before taxes and equity earnings of subsidiaries		(189.8	)		154.7			127.1			—			92.0
Income tax provision (benefit)		(71.3	)		58.5			49.0			—			36.2
Equity earnings of subsidiaries		174.3			61.8			—			(236.1	)		—
Net income (loss)		55.8			158.0			78.1			(236.1	)		55.8
Other comprehensive income (loss), net of tax		3.2			6.7			6.1			(12.8	)		3.2
Comprehensive income (loss)	$	59.0		$	164.7		$	84.2		$	(248.9	)	$	59.0

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Condensed Consolidating Balance Sheets

	As of June, 2015
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	377.0	$	5.2	$	347.7	$	—		$	729.9
Accounts receivable		—		4.4		1,252.1		—			1,256.5
Inventories		—		1,180.8		703.2		—			1,884.0
Other current assets		33.3		238.7		114.7		—			386.7
Total current assets		410.3		1,429.1		2,417.7		—			4,257.1
Property, plant and equipment, net		53.2		466.1		291.1		—			810.4
Goodwill		—		2,572.2		313.0		—			2,885.2
Intangibles, net		—		2,345.4		233.6		—			2,579.0
Intercompany receivables		2,875.0		2,385.0		2,110.0		(7,370.0	)		—
Investment in subsidiaries		7,171.8		1,916.2		—		(9,088.0	)		—
Other non-current assets		50.4		26.3		73.3		—			150.0
Total assets	$	10,560.7	$	11,140.3	$	5,438.7	$	(16,458.0	)	$	10,681.7
Liabilities and stockholders’ equity
Short-term debt and current portion of long-term debt	$	47.0	$	1.5	$	540.0	$	—		$	588.5
Accounts payable		3.0		524.0		273.1		—			800.1
Other current liabilities		61.4		304.0		231.9		—			597.3
Total current liabilities		111.4		829.5		1,045.0		—			1,985.9
Long-term debt		4,416.4		3.5		17.1		—			4,437.0
Intercompany payables		3,148.1		1,877.0		2,344.9		(7,370.0	)		—
Deferred taxes on income		120.4		1,028.1		80.2		—			1,228.7
Other non-current liabilities		174.0		149.2		116.5		—			439.7
Total stockholders’ equity		2,590.4		7,253.0		1,835.0		(9,088.0	)		2,590.4
Total liabilities and stockholders’ equity	$	10,560.7	$	11,140.3	$	5,438.7	$	(16,458.0	)	$	10,681.7
	As of December 31, 2014
(in millions)	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	728.8	$	9.3	$	426.7	$	—		$	1,164.8
Accounts receivable		—		1.2		1,276.7		—			1,277.9
Inventories		—		919.4		585.3		—			1,504.7
Other current assets		38.3		161.7		170.6		—			370.6
Total current assets		767.1		1,091.6		2,459.3		—			4,318.0
Property, plant and equipment, net		47.0		456.5		346.4		—			849.9
Goodwill		—		2,572.0		308.2		—			2,880.2
Intangibles, net		—		2,350.7		247.8		—			2,598.5
Intercompany receivables		4,641.2		4,758.6		4,547.7		(13,947.5	)		—
Investment in subsidiaries		7,111.3		2,029.1		—		(9,140.4	)		—
Other non-current assets		56.4		26.9		69.4		—			152.7
Total assets	$	12,623.0	$	13,285.4	$	7,978.8	$	(23,087.9	)	$	10,799.3
Liabilities and stockholders’ equity
Short-term debt and current portion of long-term debt	$	47.0	$	1.6	$	546.3	$	—		$	594.9
Accounts payable		8.7		529.8		271.4		—			809.9
Other current liabilities		63.6		337.4		271.4		—			672.4
Total current liabilities		119.3		868.8		1,089.1		—			2,077.2
Long-term debt		4,442.0		4.2		17.8		—			4,464.0
Intercompany payables		5,197.4		4,044.0		4,706.1		(13,947.5	)		—
Deferred taxes on income		100.4		1,039.3		82.4		—			1,222.1
Other non-current liabilities		154.6		160.5		111.6		—			426.7
Total stockholders’ equity		2,609.3		7,168.6		1,971.8		(9,140.4	)		2,609.3
Total liabilities and stockholders’ equity	$	12,623.0	$	13,285.4	$	7,978.8	$	(23,087.9	)	$	10,799.3

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Condensed Consolidating Statements of Cash Flows

	Six months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities, net	$	(110.6	)	$	(97.1	)	$	(64.3	)	$	—		$	(272.0	)
Financing activities:
Net change in short-term debt		—			(0.3	)		(6.1	)		—			(6.4	)
(Payments on) proceeds from intercompany transactions		(200.3	)		173.8			31.1			(4.6	)		—
Proceeds from issuance of long-term debt		2.0			—			2.0			—			4.0
Payments on long-term debt		(23.5	)		(0.5	)		(0.3	)		—			(24.3	)
Issuance (repurchase) of common stock, net		(33.5	)		—			—			—			(33.5	)
Excess tax benefits from stock-based compensation		21.5			—			—			—			21.5
Other		1.8			(0.4	)		(1.8	)		—			(0.4	)
Net cash provided by (used in) financing activities		(232.0	)		172.6			24.9			(4.6	)		(39.1	)
Investing activities:
Additions to property, plant and equipment		(9.2	)		(66.3	)		(22.2	)		—			(97.7	)
Acquisition of businesses, net of cash acquired		—			(7.1	)		(26.1	)		—			(33.2	)
Intercompany investing activities, net		—			(4.6	)		—			4.6			—
Other		—			(1.6	)		40.7			—			39.1
Net cash used in investing activities		(9.2	)		(79.6	)		(7.6	)		4.6			(91.8	)
Effect of exchange rate changes on cash		—			—			(32.0	)		—			(32.0	)
Net decrease in cash and cash equivalents		(351.8	)		(4.1	)		(79.0	)		—			(434.9	)
Cash and cash equivalents at beginning of year		728.8			9.3			426.7			—			1,164.8
Cash and cash equivalents at end of year	$	377.0		$	5.2		$	347.7		$	—		$	729.9
	Six months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities, net	$	(196.0	)	$	71.8		$	(45.1	)	$	(5.1	)	$	(174.4	)
Financing activities:
Net change in short-term debt		—			—			34.0			—			34.0
(Payments on) proceeds from intercompany transactions		(41.8	)		(13.4	)		50.1			5.1			—
Proceeds from issuance of long-term debt		690.0			0.2			1.4			—			691.6
Payments on long-term debt		(549.9	)		(0.7	)		(0.4	)		—			(551.0	)
Issuance (repurchase) of common stock, net		(269.8	)		—			—			—			(269.8	)
Excess tax benefits from stock-based compensation		34.9			—			—			—			34.9
Other		(16.6	)		(7.6	)		(0.6	)		—			(24.8	)
Net cash provided by (used in) financing activities		(153.2	)		(21.5	)		84.5			5.1			(85.1	)
Investing activities:
Additions to property, plant and equipment		(2.5	)		(54.5	)		(42.3	)		—			(99.3	)
Acquisition of businesses, net of cash acquired		—			—			(108.4	)		—			(108.4	)
Other		—			(1.2	)		6.0			—			4.8
Net cash used in investing activities		(2.5	)		(55.7	)		(144.7	)		—			(202.9	)
Effect of exchange rate changes on cash		—			—			(0.8	)		—			(0.8	)
Net decrease in cash and cash equivalents		(351.7	)		(5.4	)		(106.1	)		—			(463.2	)
Cash and cash equivalents at beginning of year		630.8			13.5			484.2			—			1,128.5
Cash and cash equivalents at end of year	$	279.1		$	8.1		$	378.1		$	—		$	665.3

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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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 filed with the United States Securities and Exchange Commission (“SEC”). Please see the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 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 reports four business segments: Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. The majority of the Company’s sales are 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 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, air fresheners, 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, foam coolers, fresh preserving jars and accessories, home decor accessories, home fragrance products, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, premium scented candles and accessories, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, travel sprays, window guards and other accessories. This segment markets our products under the Aviator^®, Ball^®, Bee^®, Bernardin^®, Bicycle^®, Billy Boy^®, BRK^®, Crawford^®, Diamond^®, Fiona^®, First Alert^®, First Essentials^®, Hoyle^®, Java-Log^®, KEM^®, Kerr^®, Lehigh^®, Lifoam^®, Lillo^®, Loew-Cornell^®, Mapa^®, Millefiori^®, NUK^®, Pine Mountain^®, ProPak^®, Quickie Green Cleaning^®, Quickie Home-Pro^®, Quickie Microban^®, Quickie Original^®, Quickie Professional^®, Spontex^®, Tigex^®, Wellington^® and Yankee Candle^® brand names, among others.

The Consumer Solutions segment manufactures or sources, markets, and distributes a diverse line of household products, including kitchen appliances and home environment products. This segment maintains a strong portfolio of globally-recognized brands including Bionaire^®, Cadence^®, Crock-Pot^®, FoodSaver^®, Health o meter^®, Holmes^®, Mr. Coffee^®, Oster^®, Patton^®, Rainbow^®, Rival^®, Seal-a-Meal^®, Sunbeam^® and Villaware^®. The principal products in this segment include: household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, tea kettles, toasters, toaster ovens and vacuum packaging machines; home environmental products, such as air purifiers, fans, heaters, humidifiers and vacuum cleaning systems; clippers, trimmers and other

25

hair care products for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; products for the hospitality industry; and scales for consumer use. The Consumer Solutions segment also has rights to sell various small appliance products, in substantially all of Europe under the Breville^® brand name.

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, 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 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^®. Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold under brand names such as Helium^®, Hodgman^®, MadDog Gear^®, Sevylor^®, Sospenders^® and Stearns^®. The Company also sells high performance technical and outdoor apparel and equipment under brand names such as CAPP3L^®, Dalbello^®, Ex Officio^®, K2^®, Marker^®, Marmot^®, Planet Earth^®, Ride^®, Squadra^®, Völkl^® and Zoot^®, and premium air beds under the AeroBed^® brand. The Outdoor Solutions Segment also sells a variety of products sold internationally under brand names such as Campingaz^®, Esky^®, Greys^®, Hardy^® and Invicta^®.

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 a leading 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 2015 Activities

• On July 31, 2015, the Company acquired Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets (the “Acquisition”).

• In July 2015, the Company borrowed $900 million under its senior secured credit facility (the “Facility”), which is comprised of $300 million under the existing senior secured term loan B1 facility and $600 million under a new senior secured term loan B2 facility.

• On July 22, 2015, pursuant to a public offering of its common stock, the Company completed an equity offering of 18.4 million newly-issued shares of common stock at $54.50 per share. The net proceeds to the Company, after the payment of underwriting discounts and other expenses of the offering, were approximately $969 million. The net proceeds were used to fund a portion of the Acquisition.

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 the Company 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 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.

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2015 Activity

On July 31, 2015, the Company acquired Waddington, a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets. The total value of the transaction, including debt assumed and repaid, was approximately $1.35 billion, subject to certain adjustments. The Acquisition is expected to expand to the Company’s product offerings expand distribution channels, particularly in the business-to-business category, as well as create cross-selling opportunities. Waddington will be reported in the Company’s Branded Consumables segment and will be included in the Company’s results of operations from the date of acquisition.

During the six months ended June 30, 2015, the Company also completed two tuck-in acquisitions that by nature were complementary to the Company’s core businesses and from an accounting standpoint were not significant.

2014 Activity

On August 29, 2014, the Company completed the acquisition of Rexair Holdings, Inc. (“Rexair”), a global provider of premium vacuum cleaning systems sold primarily under the Rainbow^® brand name (the “Rexair Acquisition”). Rexair is reported in the Company’s Consumer Solutions segment and is included in the Company’s results of operations from the date of acquisition.

Venezuela Operations

Prior to March 31, 2015, the Company included the results of its Venezuelan operations in the consolidated financial statements using the consolidation method of accounting. Venezuelan exchange control regulations have become increasingly restrictive and have resulted in an other-than-temporary lack of exchangeability between the Venezuelan bolivar and U.S. dollar, and have restricted our Venezuelan operations’ ability to pay obligations denominated in U.S. dollars, as well as pay dividends. These exchange regulations, combined with certain Venezuelan regulations, limit the Company’s ability to rationalize its manufacturing platform to a level that would allow the Company to maintain a sustainable production level that is commensurate with the declining demand resulting from the deteriorating macroeconomic conditions in Venezuela. Furthermore, the Venezuelan government imposes price restrictions that prohibit the Company from pricing its products at acceptable levels. As such, effective March 31, 2015, the Company began reporting the results of its Venezuelan operations using the cost method of accounting. As a result, during the three months ended March 31, 2015, the Company recorded charges of $60.6 million related to the deconsolidation of the Company’s subsidiaries operating in Venezuela (the “Venezuela-related charges”) that include in part, charges for the remeasurement of net monetary assets and for the impairment of long-lived assets (discussed hereafter). The Venezuela-related charges are recorded in selling, general and administrative expenses (“SG&A”).

On February 10, 2015, the Venezuelan government established a new foreign exchange system, the Marginal Currency System (“SIMADI”). Furthermore, in February 2015 shortly after establishment of SIMADI, the SICAD-II program was eliminated. As such, the Company determined it would be most appropriate to remeasure the net monetary assets of the Company’s subsidiaries operating in Venezuela at the SIMADI exchange rate, as this was the Company’s expected settlement rate. The SIMADI exchange rate was approximately 193 Bolivars per U.S. dollar at March, 31, 2015. As such, due to the change to the SIMADI exchange rate, during the three months ended March 31, 2015, the Company recorded a foreign exchange-related charge of $13.0 million related to the write-down of net monetary assets due to this remeasurement. This charge is included in the aforementioned Venezuela-related charges. Furthermore, as a result of the continued foreign exchange restrictions, combined with the unfavorable macroeconomic conditions in Venezuela, the Company recorded a $37.3 million impairment charge on property, plant and equipment that were previously recorded at historical cost. This charge is included in the aforementioned Venezuela-related charges.

Up until December 31, 2014, the financial statements of the Company’s subsidiaries operating in Venezuela were remeasured at and reflected in the Company’s consolidated financial statements at the CENCOEX official exchange rate of 6.30 Bolivars per U.S. dollar. Due to the evolving foreign exchange control environment in Venezuela and additional experience with the various foreign exchange mechanisms, as of December 31, 2014, the Company determined it would be most appropriate to remeasure the financial statements of the Company’s subsidiaries operating in Venezuela at the SICAD-II exchange rate of 50.0 Bolivars per U.S. dollar.

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Results of Operations—Comparing 2015 to 2014

	Net Sales						Operating Earnings (Loss)
	Three months ended June 30,						Three months ended June 30,
(in millions)	2015			2014			2015			2014
Branded Consumables	$	677.3		$	684.4		$	87.2		$	82.2
Consumer Solutions		473.6			445.6			50.4			45.6
Outdoor Solutions		753.3			754.9			64.2			79.1
Process Solutions		124.6			111.8			16.5			15.5
Corporate		—			—			(28.7	)		(32.3	)
Intercompany eliminations		(23.1	)		(21.6	)		—			—
	$	2,005.7		$	1,975.1		$	189.6		$	190.1

Note: Changes in net sales on a currency neutral basis that are presented hereafter are provided to enhance visibility of the underlying operations by excluding the impact of foreign currency translation.

Three Months Ended June 30, 2015 versus the Three Months Ended June 30, 2014

Net sales for the three months ended June 30, 2015 increased $30.6 million, or 1.5%, to $2.0 billion versus the same prior year period. Excluding the impact of the Rexair Acquisition (approximately 2%), as well as the negative impact of the Company’s subsidiaries operating in Venezuela (approximately 1%), net sales on a currency-neutral basis increased approximately 7%, primarily due to increased demand internationally, primarily in Europe and Latin America, in certain product categories, expanded product offerings and increased sell-through in certain product categories, partially offset by weakness in other product categories. Unfavorable foreign currency translation accounted for a decrease in net sales of approximately 6%.

Net sales in the Branded Consumables segment decreased $7.1 million, or 1.0%. Net sales on a currency-neutral basis increased approximately 5%, primarily due to increased sales of certain product categories in the safety and security and Yankee Candle businesses, largely due to increased sales in Europe and expanded product offerings, as well as an increase in international sales in certain products in the home care businesses in part due to new product offerings and expanded distribution in certain countries. Additionally, mandatory smoke detector regulations in France have favorably affected product demand. Unfavorable foreign currency translation accounted for a decrease in net sales of approximately 6%.

Net sales in the Consumer Solutions segment increased $28.0 million, or 6.3%. Excluding the impact of the Rexair Acquisition (approximately 7%), as well as the negative impact of the Company’s subsidiaries operating in Venezuela (approximately 4%), net sales on a currency-neutral basis increased approximately 10%. The increase is primarily due to increased demand internationally, primarily in Latin America, which contributed to an increase in net sales of approximately 10%, largely due to expanded product offerings in the small appliance category and increased point of sale. Net sales domestically were essentially flat on a period-over period basis, as an increase in sales in certain categories was offset by a decline in sales in to certain key customers. Unfavorable foreign currency translation accounted for a decrease in net sales of approximately 6%.

Net sales in the Outdoor Solutions segment decreased $1.6 million, or 0.2%. Net sales on a currency-neutral basis increased approximately 6%, largely due to increased net sales in the apparel, camping and outdoor, fishing and team sports businesses. This increase is primarily due to increased sales domestically, largely due to increased demand at certain mass market retailers and the timing of sales in certain product categories, as well as increased sales in Europe. Additionally, the timing of sales in certain businesses during the three months ended June 30, 2015, were positively affected by the resolution of certain issues affecting U.S. West Coast ports. Unfavorable foreign currency translation accounted for a decrease in net sales of approximately 7%.

Net sales in the Process Solutions segment increased 11.5% on a period-over-period basis, due in part to increased coinage sales.

Cost of Sales

Cost of sales for the three months ended June 30, 2015 increased $25.1 million, or 1.8%, to $1.4 billion versus the same prior year period. The increase was in part due to increased sales (approximately $96 million), partially offset by the favorable foreign currency translation (approximately $83 million). Cost of sales as a percentage of net sales for the three months ended June 30, 2015 and 2014 was 69.7% and 69.5%, respectively.

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Selling, General and Administrative Costs

SG&A for the three months ended June 30, 2015 increased $6.4 million, or 1.6%, to $416 million versus the same prior year period. SG&A as a percentage of net sales was essentially flat on a period-over-period basis at approximately 20.7%. Favorable foreign currency translation (approximately $28 million) was essentially offset by other items.

Operating Earnings

Operating earnings for the three months ended June 30, 2015 in the Branded Consumables segment increased $5.0 million, or 6.1%, versus the same prior year period, primarily due to an increase in gross profit (approximately $4 million), primarily due to slightly improved gross margins. Operating earnings for the three months ended June 30, 2015 in the Consumer Solutions segment increased $4.8 million, or 10.5%, versus the same prior year period, primarily due to an increase in gross profit (approximately $7 million), primarily due to higher sales, in part due to the Rexair Acquisition, partially offset by an increase in SG&A (approximately $3 million). Operating earnings for the three months ended June 30, 2015 in the Outdoor Solutions segment decreased $14.9 million, or 18.8%, versus the same prior year period, primarily due to a decrease in gross profit (approximately $7 million), primarily due to a slight decrease in gross margins and an increase in SG&A (approximately $9 million), partially offset by a decrease in restructuring costs (approximately $2 million). Operating earnings for the three months ended June 30, 2015 in the Process Solutions segment increased $1.0 million, or 6.5%, versus the same prior year period, primarily due to an increase in gross profit.

Interest Expense

Net interest expense decreased $1.0 million to $51.9 million for the three months ended June 30, 2015 versus the same prior year period, primarily due to the change in the composition of total debt versus the same prior year period.

Income Taxes

The Company’s reported tax rate for the three months ended June 30, 2015 and 2014 was 37.6% and 37.1%, respectively. The difference from the statutory tax rate to the reported tax rate for the three months ended June 30, 2015 results principally from the U.S. tax expense related to the taxation of foreign income and potential tax exposures. The difference from the statutory tax rate to the reported tax rate for the three months ended June 30, 2014 results principally from the U.S. tax expense related to the taxation of foreign income.

Net Income

Net income for the three months ended June 30, 2015 increased $33.8 million to $85.9 million versus the same prior year period. For the three months ended June 30, 2015 and 2014, earnings per diluted share were $0.44 and $0.28, respectively. The increase in net income was primarily due to the decrease in the loss on the extinguishment of debt (approximately $54 million).

Six Months Ended June 30, 2015 versus the Six Months Ended June 30, 2014

	Net Sales						Operating Earnings (Loss)
	Six months ended June 30,						Six months ended June 30,
(in millions)	2015			2014			2015			2014
Branded Consumables	$	1,322.6		$	1,306.2		$	136.3		$	132.2
Consumer Solutions		852.8			789.6			66.1			71.1
Outdoor Solutions		1,378.2			1,439.0			83.3			115.4
Process Solutions		228.7			214.1			25.0			25.0
Corporate		—			—			(151.9	)		(90.4	)
Intercompany eliminations		(45.1	)		(42.0	)		—			—
	$	3,737.2		$	3,706.9		$	158.8		$	253.3

Note: Changes in net sales on a currency neutral basis that are presented hereafter are provided to enhance visibility of the underlying operations by excluding the impact of foreign currency translation.

Net sales for the six months ended June 30, 2015 increased $30.3 million, or 0.8%, to $3.7 billion versus the same prior year period. Excluding the impact of the Rexair Acquisition (approximately 2%), as well as the negative impact of the Company’s subsidiaries operating in Venezuela (approximately 1%), net sales on a currency-neutral basis increased approximately 6%, primarily due to increased demand internationally, primarily in Europe and Latin America, in certain product categories, expanded product offerings and increased sell-through in certain product categories, partially offset by weakness in other product categories. Unfavorable foreign currency translation accounted for a decrease in net sales of approximately 6%.

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Net sales in the Branded Consumables segment increased $16.4 million, or 1.3%. Net sales on a currency-neutral basis increased approximately 7%, primarily due to increased sales of certain product categories in the safety and security and Yankee Candle businesses, largely due to increased sales in Europe and expanded product offerings, as well as an increase in international sales in certain products in the baby care and home care businesses in part due to new product offerings and expanded distribution in certain countries. Additionally, mandatory smoke detector regulations in France have favorably affected product demand. Unfavorable foreign currency translation accounted for a decrease in net sales of approximately 6%.

Net sales in the Consumer Solutions segment increased $63.2 million, or 8.0%. Excluding the impact of the Rexair Acquisition (approximately 8%), as well as the negative impact of the Company’s subsidiaries operating in Venezuela (approximately 5%), net sales on a currency-neutral basis increased approximately 11%. The increase is primarily due to increased demand internationally, primarily in Latin America, which contributed to an increase in net sales of approximately 9%, largely due to expanded product offerings in the small appliance category and increased point of sale. Domestic net sales contributed to an increase in net sales of approximately 2%, largely due to increased orders in certain small appliance and home environment product categories at certain mass market retailers. Unfavorable foreign currency translation accounted for a decrease in net sales of approximately 6%.

Net sales in the Outdoor Solutions segment decreased $60.8 million, or 4.2%. Net sales on a currency-neutral basis increased approximately 2%, largely due to increased net sales in the apparel and camping and outdoor businesses. This increase is primarily due to increased demand domestically at certain mass market retailers and increased point of sale. This increase was partially offset by decreased sales in the fishing business, largely due to decreased demand at certain key customers, in part due to the timing of seasonal purchases. Unfavorable foreign currency translation accounted for a decrease in net sales of approximately 6%.

Net sales in the Process Solutions segment increased 6.8% on a period-over-period basis, primarily due to increased coinage sales.

Cost of Sales

Cost of sales for the six months ended June 30, 2015 increased $38.7 million, or 1.5%, to $2.6 billion versus the same prior year period. The increase was primarily due to increased sales (approximately $155 million) and the cost of sales impact of acquisitions, slightly lower margins and other items (collectively, approximately $25 million), partially offset by the favorable foreign currency translation (approximately $150 million). Cost of sales as a percentage of net sales for the six months ended June 30, 2015 and 2014 was 70.2% and 69.9%, respectively.

Selling, General and Administrative Costs

SG&A for the six months ended June 30, 2015 increased $84.2 million, or 9.8%, to $945 million versus the same prior year period. SG&A as a percentage of net sales was for the six months ended June 30, 2015 and 2014 was 25.2% and 23.2%, respectively. The change is primarily due to the Venezuela-related charges (approximately $61 million) recorded during the six months ended June 30, 2015. Favorable foreign currency translation was approximately $51 million.

Operating Earnings

Operating earnings for the six months ended June 30, 2015 in the Branded Consumables segment increased $4.1 million, or 3.1%, versus the same prior year period, primarily due to an increase in gross profit (approximately $10 million), primarily due to the gross margin impact of higher sales, partially offset by an increase in SG&A (approximately $4 million) and an increase in restructuring costs (approximately $2 million). Operating earnings for the six months ended June 30, 2015 in the Consumer Solutions segment decreased $5.0 million, or 7.0%, versus the same prior year period, primarily due to an increase in SG&A (approximately $19 million), largely due to the Rexair Acquisition, partially offset by an increase in gross profit (approximately $13 million), primarily due to higher sales. Operating earnings for the six months ended June 30, 2015 in the Outdoor Solutions segment decreased $32.1 million, or 27.8%, versus the same prior year period, primarily due to a decrease in gross profit (approximately $33 million), primarily due to the gross margin impact of lower sales and a slight decrease in gross margins. Operating earnings for the six months ended June 30, 2015 in the Process Solutions were essentially flat versus the same prior year period.

Interest Expense

Net interest expense decreased $2.1 million to $104.8 million for the six months ended June 30, 2015 versus the same prior year period, primarily due to the change in the composition of total debt versus the same prior year period.

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Income Taxes

The Company’s reported tax rate for the six months ended June 30, 2015 and 2014 was 43.7% and 39.4%, respectively. The difference from the statutory tax rate to the reported tax rate for the six months ended June 30, 2015 results principally from the U.S. tax expense related to the taxation of foreign income and potential tax exposures. The difference from the statutory tax rate to the reported tax rate for the six months ended June 30, 2014 results principally from the U.S. tax expense related to the taxation of foreign income.

Net Income

Net income for the six months ended June 30, 2015 decreased $25.4 million to $30.4 million versus the same prior year period. For the six months ended June 30, 2015 and 2014, earnings per diluted share were $0.16 and $0.29, respectively. The decrease in net income was in part due to the Venezuela-related charges (approximately $61 million) recorded during the six months ended June 30, 2015, partially offset by a decrease in the loss on the extinguishment of debt (approximately $54 million).

LIQUIDITY AND CAPITAL RESOURCES

LIQUIDITY

At June 30, 2015, the Company had cash and cash equivalents of $730 million, of which approximately $348 million was held by the Company’s non-U.S. subsidiaries. The Company believes that its cash and cash equivalents, cash generated from operations and the availability under the Company’s senior secured credit facility, the securitization facility and the credit facilities of certain foreign subsidiaries as of June 30, 2015 provide sufficient liquidity to support working capital requirements, planned capital expenditures, debt obligations, completion of current and future reorganization programs and pension plan contribution requirements for the foreseeable future, as well as fund the potential repurchase of shares of the Company’s common stock under the Company’s stock repurchase program.

Cash Flows from Operating Activities

Net cash used in operating activities was $272 million and $174 million for the six months ended June 30, 2015 and 2014, respectively. The change is primarily due to unfavorable working capital changes, in part due to comparatively higher seasonal inventory levels in certain businesses, in part due to the timing of purchases and sales for both comparable periods, as inventory levels at June 30, 2015, excluding the impact of the acquisitions, were approximately 10% higher than the comparable prior period-end, partially offset by a decrease in cash paid for interest and taxes (collectively, approximately $48 million).

Cash Flows from Financing Activities

Net cash used in financing activities was $39.1 million and $85.1 million for the six months ended June 30, 2015 and 2014, respectively. The change is primarily due to the period-over-period change in the issuance/repurchase of common stock, net ($236 million), partially offset by the decrease in the proceeds from the issuance of long-term debt in excess of payments on long-term debt ($161 million) and the period-over-period decrease in the net change in short-term debt ($40.4 million).

Cash Flows from Investing Activities

Net cash used in investing activities was $91.8 million and $203 million for the six months ended June 30, 2015 and 2014, respectively. Cash used for the acquisition of businesses, net of cash acquired, decreased $75.2 million versus the same prior year period. Cash provided by other investing activities increased $34.3 million versus the same prior year period, primarily due to proceeds received during the six months ended June 30, 2015 related to the sale of a facility during December 2014. For the six months ended June 30, 2015 and 2014, capital expenditures were $97.7 million versus $99.3 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.

CAPITAL RESOURCES

In July 2015, the Company borrowed $900 million under the Facility, which is comprised of $300 million under the existing senior secured term loan B1 facility that matures in 2020 and bears interest at LIBOR plus a 275 basis point spread; and $600 million under a new senior secured term loan B2 facility that matures in 2022 and bears interest at LIBOR plus a 275 basis point spread. The proceeds were used, in part, to fund a portion of the Acquisition.

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At June 30, 2015, there was no amount outstanding under the Company’s $250 million senior secured revolving credit facility (the “Revolver”) that matures in 2019. The Revolver bears interest at certain selected rates, including LIBOR plus a basis point spread. At June 30, 2015, the commitment fee on unused balances was 0.35% per annum.

The Company maintains a $500 million receivables purchase agreement (the “Securitization Facility”) that matures in October 2016. At June 30, 2015, the borrowing rate margin and the unused line fee on the Securitization Facility were 0.80% and 0.40% per annum, respectively. At June 30, 2015, the Securitization Facility had outstanding borrowings totaling $489 million.

At June 30, 2015, net availability under the Revolver and the Securitization Facility was approximately $228 million, after deducting approximately $33 million of outstanding standby and commercial letters of credit.

Certain foreign subsidiaries of the Company maintain working capital lines of credits with their respective local financial institutions for use in operating activities. At June 30, 2015, the aggregate amount available under these lines of credit totaled approximately $56 million.

The Company was not in default of any of its debt covenants at June 30, 2015.

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 Value Hedges

At June 30, 2015, the Company had $650 million notional amount of interest rate swaps that exchange a fixed rate of interest for variable rate of interest (LIBOR) plus a weighted average spread of approximately 605 basis points. These floating rate swaps are designated as fair value hedges against $650 million of principal on the 7 ¹⁄₂% senior subordinated notes due 2017 for the remaining life of these notes. The effective portion of the fair value gains or losses on these swaps is offset by fair value adjustments in the underlying debt.

Cash Flow Hedges

At June 30, 2015, the Company had $850 million notional amount outstanding in swap agreements, which includes $350 million notional amount of forward-starting swaps that become effective commencing December 31, 2015, that exchange a variable rate of interest (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 June 2020. At June 30, 2015, the weighted average fixed rate of interest on these swaps, excluding the forward-starting swaps, was approximately 1.3%. 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”).

Foreign Currency Contracts

The Company uses forward 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 January 2017. 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 June 30, 2015, the Company had approximately $616 million notional amount outstanding of forward foreign currency contracts that are designated as cash flow hedges of forecasted inventory purchases and sales.

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The Company also uses foreign currency contracts, primarily forward foreign currency contracts, to mitigate the foreign currency exposure of certain other foreign currency transactions. At June 30, 2015, the Company had approximately $408 million notional amount outstanding of these foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through September 2016. 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 June 30, 2015, the Company had approximately $50 million notional amount outstanding of commodity-based derivatives that are not designated as effective hedges for accounting purposes and have maturity dates through December 2016. Fair market value gains or losses are included in the results of operations and are classified in cost of sales.

The following table presents the fair value of derivative financial instruments as of June 30, 2015:

	June 30, 2015
(in millions)	Asset (Liability)
Derivatives designated as effective hedges:
Cash flow hedges:
Interest rate swaps	$	(8.1	)
Foreign currency contracts		12.7
Fair value hedges:
Interest rate swaps		0.8
Subtotal		5.4
Derivatives not designated as effective hedges:
Foreign currency contracts		3.9
Commodity contracts		(4.2	)
Subtotal		(0.3	)
Total	$	5.1

Net Investment Hedge

The Company has designated €300 of the principal balance of its Euro-denominated 3 ³/₄% senior notes due October 2021 (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 June 30, 2015, $45.1 million of after-tax deferred gains 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, 2014.

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 quarter 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 and/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 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.

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, 2014.

34

Item 6. Exhibits

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

Exhibit	Description
2.1	Agreement and Plan of Merger, dated July 11, 2015, by and among the Company, TWG Merger Sub, Inc., Waddington Group, Inc. and Olympus Growth Fund V, L.P. (filed as Exhibit 2.1 to the Company’s Current Report on Form 8-K, filed on July 14, 2015, and incorporated herein by reference).
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, filed 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	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, 2014, and incorporated herein by reference).
3.6	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 9, 2015, and incorporated herein by reference).
3.7	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 June 30, 2015, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2015 and 2014, (ii) the Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2015 and 2014, (iii) the Condensed Consolidated Balance Sheets at June 30, 2015 and December 31, 2014, (iv) the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014, and (v) and Notes to Condensed Consolidated Financial Statements.

* Filed herewith.

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: August 3, 2015
JARDEN CORPORATION
(Registrant)
By:	/s/ James L. Cunningham III
Name:	James L. Cunningham III
Title:	Senior Vice President and Chief Accounting Officer (Principal Accounting Officer)

36

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 June 30, 2015, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2015 and 2014, (ii) the Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2015 and 2014, (iii) the Condensed Consolidated Balance Sheets at June 30, 2015 and December 31, 2014, (iv) the Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014, and (v) and Notes to Condensed Consolidated Financial Statements.

* Filed herewith

37

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-15(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: August 3, 2015

/s/ James E. Lillie

James E. Lillie

Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Alan W. LeFevre, 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-15(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: August 3, 2015

/s/ Alan W. LeFevre

Alan W. LeFevre

Executive Vice President – Finance 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 June 30, 2015 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.

/s/ James E. Lillie

James E. Lillie

Chief Executive Officer

August 3, 2015

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.

In connection with the Quarterly Report of Jarden Corporation (the “Company”) on Form 10-Q for the period ended June 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Alan W. LeFevre, Executive Vice President – Finance 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.

/s/ Alan W. LeFevre

Alan W. LeFevre

Executive Vice President – Finance and Chief Financial Officer

August 3, 2015

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.

XML

Acquisitions - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015 Entity	Jul. 31, 2015 USD ($)
Business Acquisition [Line Items]
Number of other tuck-in acquisitions | Entity	2
Subsequent Event | Waddington Holdings Inc
Business Acquisition [Line Items]
Total value of the transaction of businesses acquisition		$ 1,350

XML

Changes in Fair Value of Contingent Consideration Obligations (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015 USD ($)
Schedule of Changes in Fair Value of Contingent Consideration [Line Items]
Contingent consideration, beginning balance	$ 32.6
Acquisitions	4.5
Payments	(0.6)
Adjustments and foreign exchange	(5.6)
Contingent consideration, ending balance	$ 30.9

XML

Debt - Additional Information (Detail) - Jul. 31, 2015 - Subsequent Event - USD ($) $ in Millions	Total
Senior Secured Credit Facility Term Loans
Debt Instrument [Line Items]
Amount borrowed	$ 900
Senior secured term loan B1 facility
Debt Instrument [Line Items]
Amount borrowed	$ 300
Debt instrument maturity year	2020
Senior secured term loan B1 facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
New senior secured term loan B2 facility
Debt Instrument [Line Items]
Amount borrowed	$ 600
Debt instrument maturity year	2022
New senior secured term loan B2 facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%

XML

Computation of Weighted Average Shares Outstanding (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Disclosure [Line Items]
Basic	186.2	184.7	185.8	186.2
Dilutive share-based awards	0.2	0.3	0.4	0.9
Convertible debt	9.0	2.7	8.4	3.3
Diluted	195.4	187.7	194.6	190.4

XML

Warranty Reserve Activity (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015 USD ($)
Product Information [Line Items]
Warranty reserve at January 1,	$ 96.8
Provision for warranties issued	66.0
Warranty claims paid	(68.2)
Acquisitions and other adjustments	(0.7)
Warranty reserve at June 30,	$ 93.9

XML

Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2015

Components of Net Periodic Pension and Postretirement Benefit Expense

The components of pension and postretirement benefit expense for the three and six months ended June 30, 2015 and 2014 are as follows:

	Pension Benefits
	Three months ended June 30,
	2015									2014
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	0.6		$	0.6		$	—		$	0.6		$	0.6
Interest cost		2.9			0.4			3.3			3.6			0.6			4.2
Expected return on plan assets		(4.1	)		(0.3	)		(4.4	)		(4.3	)		(0.4	)		(4.7	)
Amortization, net		1.4			0.3			1.7			1.2			0.1			1.3
Net periodic expense	$	0.2		$	1.0		$	1.2		$	0.5		$	0.9		$	1.4
	Six months ended June 30,
	2015									2014
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	1.1		$	1.1		$	—		$	1.1		$	1.1
Interest cost		5.8			0.8			6.6			7.3			1.2			8.5
Expected return on plan assets		(8.2	)		(0.6	)		(8.8	)		(8.7	)		(0.7	)		(9.4	)
Amortization, net		2.9			0.6			3.5			2.4			0.2			2.6
Net periodic expense	$	0.5		$	1.9		$	2.4		$	1.0		$	1.8		$	2.8

	Postretirement Benefits
	Three months ended June 30,					Six months ended June 30,
(in millions)	2015		2014			2015			2014
Interest cost	$	—	$	0.1		$	0.1		$	0.2
Amortization, net		—		(0.2	)		(0.1	)		(0.3	)
Net periodic expense	$	—	$	(0.1	)	$	—		$	(0.1	)

XML

Stockholder's Equity - Additional Information (Detail) - Jul. 22, 2015 - Subsequent Event - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Total
Stockholders' Equity [Line Items]
Shares issued in equity offering	18.4
Price per share received in equity offering	$ 54.50
Proceeds from issuance of common stock, net	$ 969

XML

Inventories (Tables)

6 Months Ended

Jun. 30, 2015

Inventories

Inventories are comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015		December 31, 2014
Raw materials and supplies	$	296.0	$	250.0
Work-in-process		81.3		71.0
Finished goods		1,506.7		1,183.7
Total inventories	$	1,884.0	$	1,504.7

XML

Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	$ 30.9	$ 29.3
Fair Value of Derivatives, Liability	[1]	25.8	23.5
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	22.8	26.5
Fair Value of Derivatives, Liability	[1]	17.4	13.2
Designated as Hedging Instrument | Cash flow hedges | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]		0.6
Fair Value of Derivatives, Liability	[1]	8.1	7.2
Designated as Hedging Instrument | Cash flow hedges | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	22.0	25.9
Fair Value of Derivatives, Liability	[1]	9.3	3.8
Designated as Hedging Instrument | Fair value derivatives | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	0.8
Fair Value of Derivatives, Liability	[1]		2.2
Derivatives that are not designated as effective hedges
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	8.1	2.8
Fair Value of Derivatives, Liability	[1]	8.4	10.3
Derivatives that are not designated as effective hedges | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	7.0	2.8
Fair Value of Derivatives, Liability	[1]	3.1	1.3
Derivatives that are not designated as effective hedges | Commodity Contract
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	1.1
Fair Value of Derivatives, Liability	[1]	$ 5.3	$ 9.0

[1] Consolidated balance sheet location: Asset: Other current and non-current assets Liability: Other current and non-current liabilities

XML

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Depreciation of property, plant and equipment	$ 40.8	$ 41.5	$ 79.8	$ 81.2

XML

Condensed Consolidating Financial Data (Tables)

6 Months Ended

Jun. 30, 2015

Condensed Consolidating Results of Operations

Condensed Consolidating Results of Operations

	Three months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,446.1	$	766.1	$	(206.5	)	$	2,005.7
Cost of sales		—			1,039.1		565.6		(206.5	)		1,398.2
Gross profit		—			407.0		200.5		—			607.5
Selling, general and administrative expenses		23.9			264.1		128.0		—			416.0
Restructuring costs, net		—			1.5		0.4		—			1.9
Operating earnings		(23.9	)		141.4		72.1		—			189.6
Interest expense, net		33.6			16.3		2.0		—			51.9
Income (loss) before taxes and equity earnings of subsidiaries		(57.5	)		125.1		70.1		—			137.7
Income tax provision (benefit)		(21.8	)		47.4		26.2		—			51.8
Equity earnings of subsidiaries		121.6			40.3		—		(161.9	)		—
Net income (loss)		85.9			118.0		43.9		(161.9	)		85.9
Other comprehensive income (loss), net of tax		10.5			10.9		17.5		(28.4	)		10.5
Comprehensive income (loss)	$	96.4		$	128.9	$	61.4	$	(190.3	)	$	96.4

	Three months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,367.1	$	814.5	$	(206.5	)	$	1,975.1
Cost of sales		—			991.0		588.6		(206.5	)		1,373.1
Gross profit		—			376.1		225.9		—			602.0
Selling, general and administrative expenses		11.0			256.7		141.9		—			409.6
Restructuring costs, net		—			—		2.3		—			2.3
Operating earnings		(11.0	)		119.4		81.7		—			190.1
Interest expense, net		34.4			16.3		2.2		—			52.9
Loss on early extinguishment of debt		54.4			—		—		—			54.4
Income (loss) before taxes and equity earnings of subsidiaries		(99.8	)		103.1		79.5		—			82.8
Income tax provision (benefit)		(37.0	)		38.9		28.8		—			30.7
Equity earnings of subsidiaries		114.9			43.0		—		(157.9	)		—
Net income (loss)		52.1			107.2		50.7		(157.9	)		52.1
Other comprehensive income (loss), net of tax		11.5			12.7		13.2		(25.9	)		11.5
Comprehensive income (loss)	$	63.6		$	119.9	$	63.9	$	(183.8	)	$	63.6

	Six months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,684.1		$	1,436.8		$	(383.7	)	$	3,737.2
Cost of sales		—			1,943.9			1,069.0			(383.7	)		2,629.2
Gross profit		—			740.2			367.8			—			1,108.0
Selling, general and administrative expenses		85.7			562.8			296.2			—			944.7
Restructuring costs, net		2.0			1.5			1.0			—			4.5
Operating earnings		(87.7	)		175.9			70.6			—			158.8
Interest expense, net		67.8			32.5			4.5			—			104.8
Income (loss) before taxes and equity earnings of subsidiaries		(155.5	)		143.4			66.1			—			54.0
Income tax provision (benefit)		(58.9	)		54.3			28.2			—			23.6
Equity earnings of subsidiaries		127.0			32.6			—			(159.6	)		—
Net income (loss)		30.4			121.7			37.9			(159.6	)		30.4
Other comprehensive income (loss), net of tax		(81.1	)		(38.4	)		(62.5	)		100.9			(81.1	)
Comprehensive income (loss)	$	(50.7	)	$	83.3		$	(24.6	)	$	(58.7	)	$	(50.7	)
	Six months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,550.2		$	1,554.6		$	(397.9	)	$	3,706.9
Cost of sales		—			1,857.4			1,131.0			(397.9	)		2,590.5
Gross profit		—			692.8			423.6			—			1,116.4
Selling, general and administrative expenses		64.8			505.6			290.1			—			860.5
Reorganization costs, net		—			—			2.6			—			2.6
Operating earnings		(64.8	)		187.2			130.9			—			253.3
Interest expense, net		70.6			32.5			3.8			—			106.9
Loss on early extinguishment of debt		54.4			—			—			—			54.4
Income (loss) before taxes and equity earnings of subsidiaries		(189.8	)		154.7			127.1			—			92.0
Income tax provision (benefit)		(71.3	)		58.5			49.0			—			36.2
Equity earnings of subsidiaries		174.3			61.8			—			(236.1	)		—
Net income (loss)		55.8			158.0			78.1			(236.1	)		55.8
Other comprehensive income (loss), net of tax		3.2			6.7			6.1			(12.8	)		3.2
Comprehensive income (loss)	$	59.0		$	164.7		$	84.2		$	(248.9	)	$	59.0

Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheets

	As of June, 2015
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	377.0	$	5.2	$	347.7	$	—		$	729.9
Accounts receivable		—		4.4		1,252.1		—			1,256.5
Inventories		—		1,180.8		703.2		—			1,884.0
Other current assets		33.3		238.7		114.7		—			386.7
Total current assets		410.3		1,429.1		2,417.7		—			4,257.1
Property, plant and equipment, net		53.2		466.1		291.1		—			810.4
Goodwill		—		2,572.2		313.0		—			2,885.2
Intangibles, net		—		2,345.4		233.6		—			2,579.0
Intercompany receivables		2,875.0		2,385.0		2,110.0		(7,370.0	)		—
Investment in subsidiaries		7,171.8		1,916.2		—		(9,088.0	)		—
Other non-current assets		50.4		26.3		73.3		—			150.0
Total assets	$	10,560.7	$	11,140.3	$	5,438.7	$	(16,458.0	)	$	10,681.7
Liabilities and stockholders’ equity
Short-term debt and current portion of long-term debt	$	47.0	$	1.5	$	540.0	$	—		$	588.5
Accounts payable		3.0		524.0		273.1		—			800.1
Other current liabilities		61.4		304.0		231.9		—			597.3
Total current liabilities		111.4		829.5		1,045.0		—			1,985.9
Long-term debt		4,416.4		3.5		17.1		—			4,437.0
Intercompany payables		3,148.1		1,877.0		2,344.9		(7,370.0	)		—
Deferred taxes on income		120.4		1,028.1		80.2		—			1,228.7
Other non-current liabilities		174.0		149.2		116.5		—			439.7
Total stockholders’ equity		2,590.4		7,253.0		1,835.0		(9,088.0	)		2,590.4
Total liabilities and stockholders’ equity	$	10,560.7	$	11,140.3	$	5,438.7	$	(16,458.0	)	$	10,681.7
	As of December 31, 2014
(in millions)	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	728.8	$	9.3	$	426.7	$	—		$	1,164.8
Accounts receivable		—		1.2		1,276.7		—			1,277.9
Inventories		—		919.4		585.3		—			1,504.7
Other current assets		38.3		161.7		170.6		—			370.6
Total current assets		767.1		1,091.6		2,459.3		—			4,318.0
Property, plant and equipment, net		47.0		456.5		346.4		—			849.9
Goodwill		—		2,572.0		308.2		—			2,880.2
Intangibles, net		—		2,350.7		247.8		—			2,598.5
Intercompany receivables		4,641.2		4,758.6		4,547.7		(13,947.5	)		—
Investment in subsidiaries		7,111.3		2,029.1		—		(9,140.4	)		—
Other non-current assets		56.4		26.9		69.4		—			152.7
Total assets	$	12,623.0	$	13,285.4	$	7,978.8	$	(23,087.9	)	$	10,799.3
Liabilities and stockholders’ equity
Short-term debt and current portion of long-term debt	$	47.0	$	1.6	$	546.3	$	—		$	594.9
Accounts payable		8.7		529.8		271.4		—			809.9
Other current liabilities		63.6		337.4		271.4		—			672.4
Total current liabilities		119.3		868.8		1,089.1		—			2,077.2
Long-term debt		4,442.0		4.2		17.8		—			4,464.0
Intercompany payables		5,197.4		4,044.0		4,706.1		(13,947.5	)		—
Deferred taxes on income		100.4		1,039.3		82.4		—			1,222.1
Other non-current liabilities		154.6		160.5		111.6		—			426.7
Total stockholders’ equity		2,609.3		7,168.6		1,971.8		(9,140.4	)		2,609.3
Total liabilities and stockholders’ equity	$	12,623.0	$	13,285.4	$	7,978.8	$	(23,087.9	)	$	10,799.3

Condensed Consolidating Statements of Cash Flows

Condensed Consolidating Statements of Cash Flows

	Six months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities, net	$	(110.6	)	$	(97.1	)	$	(64.3	)	$	—		$	(272.0	)
Financing activities:
Net change in short-term debt		—			(0.3	)		(6.1	)		—			(6.4	)
(Payments on) proceeds from intercompany transactions		(200.3	)		173.8			31.1			(4.6	)		—
Proceeds from issuance of long-term debt		2.0			—			2.0			—			4.0
Payments on long-term debt		(23.5	)		(0.5	)		(0.3	)		—			(24.3	)
Issuance (repurchase) of common stock, net		(33.5	)		—			—			—			(33.5	)
Excess tax benefits from stock-based compensation		21.5			—			—			—			21.5
Other		1.8			(0.4	)		(1.8	)		—			(0.4	)
Net cash provided by (used in) financing activities		(232.0	)		172.6			24.9			(4.6	)		(39.1	)
Investing activities:
Additions to property, plant and equipment		(9.2	)		(66.3	)		(22.2	)		—			(97.7	)
Acquisition of businesses, net of cash acquired		—			(7.1	)		(26.1	)		—			(33.2	)
Intercompany investing activities, net		—			(4.6	)		—			4.6			—
Other		—			(1.6	)		40.7			—			39.1
Net cash used in investing activities		(9.2	)		(79.6	)		(7.6	)		4.6			(91.8	)
Effect of exchange rate changes on cash		—			—			(32.0	)		—			(32.0	)
Net decrease in cash and cash equivalents		(351.8	)		(4.1	)		(79.0	)		—			(434.9	)
Cash and cash equivalents at beginning of year		728.8			9.3			426.7			—			1,164.8
Cash and cash equivalents at end of year	$	377.0		$	5.2		$	347.7		$	—		$	729.9
	Six months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities, net	$	(196.0	)	$	71.8		$	(45.1	)	$	(5.1	)	$	(174.4	)
Financing activities:
Net change in short-term debt		—			—			34.0			—			34.0
(Payments on) proceeds from intercompany transactions		(41.8	)		(13.4	)		50.1			5.1			—
Proceeds from issuance of long-term debt		690.0			0.2			1.4			—			691.6
Payments on long-term debt		(549.9	)		(0.7	)		(0.4	)		—			(551.0	)
Issuance (repurchase) of common stock, net		(269.8	)		—			—			—			(269.8	)
Excess tax benefits from stock-based compensation		34.9			—			—			—			34.9
Other		(16.6	)		(7.6	)		(0.6	)		—			(24.8	)
Net cash provided by (used in) financing activities		(153.2	)		(21.5	)		84.5			5.1			(85.1	)
Investing activities:
Additions to property, plant and equipment		(2.5	)		(54.5	)		(42.3	)		—			(99.3	)
Acquisition of businesses, net of cash acquired		—			—			(108.4	)		—			(108.4	)
Other		—			(1.2	)		6.0			—			4.8
Net cash used in investing activities		(2.5	)		(55.7	)		(144.7	)		—			(202.9	)
Effect of exchange rate changes on cash		—			—			(0.8	)		—			(0.8	)
Net decrease in cash and cash equivalents		(351.7	)		(5.4	)		(106.1	)		—			(463.2	)
Cash and cash equivalents at beginning of year		630.8			13.5			484.2			—			1,128.5
Cash and cash equivalents at end of year	$	279.1		$	8.1		$	378.1		$	—		$	665.3

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Gain and Loss Activity Related to Derivative Financial Instruments Not Designated as Effective Hedges (Detail) - Derivatives that are not designated as effective hedges - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss), Recognized in Income	[1]	$ (6.5)	$ (0.9)	$ 5.9	$ (5.5)
Cash flow hedges | Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss), Recognized in Income	[1]	(9.0)	(1.4)	5.2	(6.4)
Cash flow hedges | Commodity Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss), Recognized in Income	[1]	$ 2.5	$ 0.5	$ 0.7	$ 0.9

[1] Classified in SG&A.

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Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net	$ (272.0)	$ (174.4)
Net change in short-term debt	(6.4)	34.0
Proceeds from issuance of long-term debt	4.0	691.6
Payments on long-term debt	(24.3)	(551.0)
Issuance (repurchase) of common stock, net	(33.5)	(269.8)
Excess tax benefits from stock-based compensation	21.5	34.9
Other	(0.4)	(24.8)
Net cash provided by (used in) financing activities	(39.1)	(85.1)
Additions to property, plant and equipment	(97.7)	(99.3)
Acquisition of businesses, net of cash acquired	(33.2)	(108.4)
Other	39.1	4.8
Net cash provided by (used in) investing activities	(91.8)	(202.9)
Effect of exchange rate changes on cash	(32.0)	(0.8)
Net decrease in cash and cash equivalents	(434.9)	(463.2)
Cash and cash equivalents at beginning of period	1,164.8	1,128.5
Cash and cash equivalents at end of period	729.9	665.3
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net		(5.1)
(Payments on) proceeds from intercompany transactions	(4.6)	5.1
Net cash provided by (used in) financing activities	(4.6)	5.1
Intercompany investing activities, net	4.6
Net cash provided by (used in) investing activities	4.6
Parent Company
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net	(110.6)	(196.0)
(Payments on) proceeds from intercompany transactions	(200.3)	(41.8)
Proceeds from issuance of long-term debt	2.0	690.0
Payments on long-term debt	(23.5)	(549.9)
Issuance (repurchase) of common stock, net	(33.5)	(269.8)
Excess tax benefits from stock-based compensation	21.5	34.9
Other	1.8	(16.6)
Net cash provided by (used in) financing activities	(232.0)	(153.2)
Additions to property, plant and equipment	(9.2)	(2.5)
Net cash provided by (used in) investing activities	(9.2)	(2.5)
Net decrease in cash and cash equivalents	(351.8)	(351.7)
Cash and cash equivalents at beginning of period	728.8	630.8
Cash and cash equivalents at end of period	377.0	279.1
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net	(97.1)	71.8
Net change in short-term debt	(0.3)
(Payments on) proceeds from intercompany transactions	173.8	(13.4)
Proceeds from issuance of long-term debt		0.2
Payments on long-term debt	(0.5)	(0.7)
Other	(0.4)	(7.6)
Net cash provided by (used in) financing activities	172.6	(21.5)
Additions to property, plant and equipment	(66.3)	(54.5)
Acquisition of businesses, net of cash acquired	(7.1)
Intercompany investing activities, net	(4.6)
Other	(1.6)	(1.2)
Net cash provided by (used in) investing activities	(79.6)	(55.7)
Net decrease in cash and cash equivalents	(4.1)	(5.4)
Cash and cash equivalents at beginning of period	9.3	13.5
Cash and cash equivalents at end of period	5.2	8.1
Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net	(64.3)	(45.1)
Net change in short-term debt	(6.1)	34.0
(Payments on) proceeds from intercompany transactions	31.1	50.1
Proceeds from issuance of long-term debt	2.0	1.4
Payments on long-term debt	(0.3)	(0.4)
Other	(1.8)	(0.6)
Net cash provided by (used in) financing activities	24.9	84.5
Additions to property, plant and equipment	(22.2)	(42.3)
Acquisition of businesses, net of cash acquired	(26.1)	(108.4)
Other	40.7	6.0
Net cash provided by (used in) investing activities	(7.6)	(144.7)
Effect of exchange rate changes on cash	(32.0)	(0.8)
Net decrease in cash and cash equivalents	(79.0)	(106.1)
Cash and cash equivalents at beginning of period	426.7	484.2
Cash and cash equivalents at end of period	$ 347.7	$ 378.1

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Segment Information (Detail) - Entity [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 2,005.7	$ 1,975.1	$ 3,737.2	$ 3,706.9
Segment earnings (loss)	258.7	258.5	357.7	384.8
Fair market value adjustment to inventory		(1.3)		(1.3)
Restructuring costs, net	(1.9)	(2.3)	(4.5)	(2.6)
Acquisition-related and other costs	(17.7)	(8.1)	(36.8)	(21.3)
Depreciation and amortization	(49.5)	(47.1)	(97.0)	(92.7)
Operating earnings (loss)	189.6	190.1	158.8	253.3
Total assets	10,681.7		10,681.7		$ 10,799.3
Venezuela
Segment Reporting Information [Line Items]
Venezuela-related charges		(9.6)	(60.6)	(13.6)
Total Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,005.7	1,975.1	3,737.2	3,706.9
Segment earnings (loss)	284.5	279.3	440.9	458.4
Fair market value adjustment to inventory		(1.3)		(1.3)
Restructuring costs, net	(1.9)	(2.3)	(2.5)	(2.6)
Acquisition-related and other costs	(16.5)	(7.6)	(33.8)	(20.8)
Depreciation and amortization	(47.8)	(45.7)	(93.9)	(90.0)
Operating earnings (loss)	218.3	222.4	310.7	343.7
Total assets	10,020.3		10,020.3
Total Operating Segments | Branded Consumables
Segment Reporting Information [Line Items]
Net sales	677.3	684.4	1,322.6	1,306.2
Segment earnings (loss)	115.9	105.5	190.5	180.5
Restructuring costs, net	(1.9)		(2.5)
Acquisition-related and other costs	(5.5)	(1.4)	(9.9)	(6.4)
Depreciation and amortization	(21.3)	(21.9)	(41.8)	(41.9)
Operating earnings (loss)	87.2	82.2	136.3	132.2
Total assets	4,331.1		4,331.1
Total Operating Segments | Consumer Solutions
Segment Reporting Information [Line Items]
Net sales	473.6	445.6	852.8	789.6
Segment earnings (loss)	64.2	55.3	94.3	91.8
Fair market value adjustment to inventory		(1.3)		(1.3)
Restructuring costs, net		(0.7)		(1.0)
Acquisition-related and other costs	(4.5)	(1.0)	(9.2)	(4.0)
Depreciation and amortization	(9.3)	(6.7)	(19.0)	(14.4)
Operating earnings (loss)	50.4	45.6	66.1	71.1
Total assets	2,466.1		2,466.1
Total Operating Segments | Outdoor Solutions
Segment Reporting Information [Line Items]
Net sales	753.3	754.9	1,378.2	1,439.0
Segment earnings (loss)	84.9	100.2	125.3	155.5
Restructuring costs, net		(1.6)		(1.6)
Acquisition-related and other costs	(6.5)	(5.2)	(14.7)	(10.4)
Depreciation and amortization	(14.2)	(14.3)	(27.3)	(28.1)
Operating earnings (loss)	64.2	79.1	83.3	115.4
Total assets	3,009.9		3,009.9
Total Operating Segments | Process Solutions
Segment Reporting Information [Line Items]
Net sales	124.6	111.8	228.7	214.1
Segment earnings (loss)	19.5	18.3	30.8	30.6
Depreciation and amortization	(3.0)	(2.8)	(5.8)	(5.6)
Operating earnings (loss)	16.5	15.5	25.0	25.0
Total assets	213.2		213.2
Total Operating Segments | Intercompany Eliminations
Segment Reporting Information [Line Items]
Net sales	(23.1)	(21.6)	(45.1)	(42.0)
Corporate/ Unallocated
Segment Reporting Information [Line Items]
Segment earnings (loss)	(25.8)	(20.8)	(83.2)	(73.6)
Restructuring costs, net			(2.0)
Acquisition-related and other costs	(1.2)	(0.5)	(3.0)	(0.5)
Depreciation and amortization	(1.7)	(1.4)	(3.1)	(2.7)
Operating earnings (loss)	(28.7)	(32.3)	(151.9)	(90.4)
Total assets	$ 661.4		661.4
Corporate/ Unallocated | Venezuela
Segment Reporting Information [Line Items]
Venezuela-related charges		$ (9.6)	$ (60.6)	$ (13.6)

XML

Debt (Detail) - Entity [Domain] - USD ($) $ in Millions		6 Months Ended	12 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total debt		$ 5,025.5	$ 5,058.9
Less: current portion		(588.5)	(594.9)
Total long-term debt		4,437.0	4,464.0
Senior Secured Credit Facility Term Loans
Debt Instrument [Line Items]
Total debt		2,001.5	2,024.6
6 1/8% Senior Notes Due 2022
Debt Instrument [Line Items]
Total debt	[1]	$ 300.0	$ 300.0
Interest rate of debt instrument		6.125%	6.125%
Debt instrument maturity year		2022	2022
3 3/4% Senior Notes Due 2021
Debt Instrument [Line Items]
Total debt	[1]	$ 331.6	$ 357.9
Interest rate of debt instrument		3.75%	3.75%
Debt instrument maturity year		2021	2021
7 1/2% Senior Subordinated Notes Due 2017
Debt Instrument [Line Items]
Total debt	[2]	$ 653.0	$ 650.6
Interest rate of debt instrument		7.50%	7.50%
Debt instrument maturity year		2017	2017
1 7/8% Senior Subordinated Convertible Notes Due 2018
Debt Instrument [Line Items]
Total debt	[3]	$ 452.5	$ 445.8
Interest rate of debt instrument		1.875%	1.875%
Debt instrument maturity year		2018	2018
1 1/2% Senior Subordinated Convertible Notes Due 2019
Debt Instrument [Line Items]
Total debt	[3]	$ 229.9	$ 226.0
Interest rate of debt instrument		1.50%	1.50%
Debt instrument maturity year		2019	2019
1 1/8% Senior Subordinated Convertible Notes due 2034
Debt Instrument [Line Items]
Total debt	[3]	$ 492.9	$ 484.1
Interest rate of debt instrument		1.125%	1.125%
Debt instrument maturity year		2034	2034
Securitization Facility
Debt Instrument [Line Items]
Total debt		$ 489.3	$ 479.3
Non-U.S. Borrowings
Debt Instrument [Line Items]
Total debt		66.5	83.2
Other
Debt Instrument [Line Items]
Total debt		$ 8.3	$ 7.4

[1] Collectively, the "Senior Notes."

[2] The "Senior Subordinated Notes."

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

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Inventories

6 Months Ended

Jun. 30, 2015

Inventories

3. Inventories

Inventories are comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015		December 31, 2014
Raw materials and supplies	$	296.0	$	250.0
Work-in-process		81.3		71.0
Finished goods		1,506.7		1,183.7
Total inventories	$	1,884.0	$	1,504.7

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Accumulated Other Comprehensive Income Activity (Detail) - Entity [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			$ (180.7)
OCI excluding reclassifications			(69.7)
Reclassifications to earnings			(11.4)
Subtotal OCI, net of tax	$ 10.5	$ 11.5	(81.1)	$ 3.2
Ending Balance	(261.8)		(261.8)
Accrued Benefit Cost
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(54.6)
OCI excluding reclassifications			0.6
Reclassifications to earnings			2.2
Subtotal OCI, net of tax			2.8
Ending Balance	(51.8)		(51.8)
Derivative Financial Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			13.4
OCI excluding reclassifications			5.8
Reclassifications to earnings			(13.6)
Subtotal OCI, net of tax			(7.8)
Ending Balance	5.6		5.6
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(139.5)
OCI excluding reclassifications			(76.1)
Reclassifications to earnings			0.0
Subtotal OCI, net of tax			(76.1)
Ending Balance	$ (215.6)		$ (215.6)

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Goodwill Activity (Detail) - Jun. 30, 2015 - Entity [Domain] - USD ($) $ in Millions	Total
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	$ 2,885.2
Goodwill, Net Book Value Beginning Balance	2,880.2
Goodwill, Additions	15.9
Goodwill, Foreign Exchange and Other Adjustments	(10.9)
Goodwill, Gross Carrying Amount	3,126.9
Goodwill, Accumulated Impairment Charges	(241.7)
Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	2,885.2
Branded Consumables
Goodwill [Line Items]
Goodwill, Net Book Value Beginning Balance	1,385.1
Goodwill, Foreign Exchange and Other Adjustments	(2.6)
Goodwill, Gross Carrying Amount	1,605.7
Goodwill, Accumulated Impairment Charges	(223.2)
Branded Consumables | Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	1,382.5
Consumer Solutions
Goodwill [Line Items]
Goodwill, Net Book Value Beginning Balance	757.7
Goodwill, Foreign Exchange and Other Adjustments	(4.9)
Goodwill, Gross Carrying Amount	752.8
Consumer Solutions | Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	752.8
Outdoor Solutions
Goodwill [Line Items]
Goodwill, Net Book Value Beginning Balance	715.7
Goodwill, Additions	15.9
Goodwill, Foreign Exchange and Other Adjustments	(3.4)
Goodwill, Gross Carrying Amount	746.7
Goodwill, Accumulated Impairment Charges	(18.5)
Outdoor Solutions | Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	728.2
Process Solutions
Goodwill [Line Items]
Goodwill, Net Book Value Beginning Balance	21.7
Goodwill, Gross Carrying Amount	21.7
Process Solutions | Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	$ 21.7

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Debt (Tables)

6 Months Ended

Jun. 30, 2015

Debt

Debt is comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015			December 31, 2014
Senior Secured Credit Facility Term Loans	$	2,001.5		$	2,024.6
6 1⁄8% Senior Notes due 2022 (a)		300.0			300.0
3 3⁄4% Senior Notes due 2021 (a)		331.6			357.9
7 1⁄2% Senior Subordinated Notes due 2017 (b)		653.0			650.6
17/8% Senior Subordinated Convertible Notes due 2018 (c)		452.5			445.8
1 1⁄2% Senior Subordinated Convertible Notes due 2019 (c)		229.9			226.0
1 1⁄8% Senior Subordinated Convertible Notes due 2034 (c)		492.9			484.1
Securitization Facility		489.3			479.3
Non-U.S. borrowings		66.5			83.2
Other		8.3			7.4
Total debt		5,025.5			5,058.9
Less: current portion		(588.5	)		(594.9	)
Total long-term debt	$	4,437.0		$	4,464.0

(a) Collectively, the “Senior Notes.”

(b) The “Senior Subordinated Notes.”

(c) Collectively, the “Senior Subordinated Convertible Notes.”

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Warranty Reserve (Tables)

6 Months Ended

Jun. 30, 2015

Warranty Reserve Activity

The warranty reserve activity for the six months ended June 30, 2015 is as follows:

(in millions)	2015
Warranty reserve at January 1,	$	96.8
Provision for warranties issued		66.0
Warranty claims paid		(68.2	)
Acquisitions and other adjustments		(0.7	)
Warranty reserve at June 30,	$	93.9

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Earnings Per Share - Additional Information (Detail) shares in Millions	Jun. 30, 2015 shares
Earnings Per Share Disclosure [Line Items]
Restricted share awards excluded from the computation diluted earnings per share	6.0

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Intangibles Activity (Detail) - Entity [Domain] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	$ 2,779.1
Intangibles, Additions	13.8
Intangibles, Accumulated Amortization and Foreign Exchange	(213.9)
Intangibles, Net Book Value at end of period	2,579.0	$ 2,598.5
Patents
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	9.3
Intangibles, Accumulated Amortization and Foreign Exchange	(5.0)
Intangibles, Net Book Value at end of period	4.3
Manufacturing Process And Expertise
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	65.2
Intangibles, Accumulated Amortization and Foreign Exchange	(47.7)
Intangibles, Net Book Value at end of period	17.5
Brand Names
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	23.3
Intangibles, Additions	1.4
Intangibles, Accumulated Amortization and Foreign Exchange	(11.9)
Intangibles, Net Book Value at end of period	12.8
Customer Relationships And Distributor Channels
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	549.6
Intangibles, Additions	11.3
Intangibles, Accumulated Amortization and Foreign Exchange	(120.5)
Intangibles, Net Book Value at end of period	440.4
Trademarks and Tradenames
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	2,131.7
Intangibles, Additions	1.1
Intangibles, Accumulated Amortization and Foreign Exchange	(28.8)
Intangibles, Net Book Value at end of period	$ 2,104.0
Minimum | Patents
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	12 years
Minimum | Manufacturing Process And Expertise
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	3 years
Minimum | Brand Names
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	4 years
Minimum | Customer Relationships And Distributor Channels
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	10 years
Maximum | Patents
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	30 years
Maximum | Manufacturing Process And Expertise
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	7 years
Maximum | Brand Names
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	20 years
Maximum | Customer Relationships And Distributor Channels
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	35 years

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Derivative and Other Hedging Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value of Derivative Financial Instruments

The following table presents the fair value of derivative financial instruments as of June 30, 2015 and December 31, 2014:

	June 30, 2015				December 31, 2014
	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	$	—	$	8.1	$	0.6	$	7.2
Foreign currency contracts		22.0		9.3		25.9		3.8
Fair value hedges:
Interest rate swaps		0.8		—		—		2.2
Subtotal		22.8		17.4		26.5		13.2
Derivatives not designated as effective hedges:
Foreign currency contracts		7.0		3.1		2.8		1.3
Commodity contracts		1.1		5.3		—		9.0
Subtotal		8.1		8.4		2.8		10.3
Total	$	30.9	$	25.8	$	29.3	$	23.5

(a) Consolidated balance sheet location:

Asset: Other current and non-current assets

Liability: Other current and non-current liabilities

Gain and Loss Activity Related to Derivative Financial Instruments Designated as Effective Hedges

The following table presents gain and loss activity (on a pretax basis) for the three and six months ended June 30, 2015 and 2014 related to derivative financial instruments designated as effective hedges:

	Three months ended June 30, 2015								Three months ended June 30, 2014
	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	$	1.4		$	—	$	—		$	(2.8	)	$	—	$	—
Foreign currency contracts		(3.6	)		11.2		(2.6	)		(2.9	)		2.2		(2.3	)
Total	$	(2.2	)	$	11.2	$	(2.6	)	$	(5.7	)	$	2.2	$	(2.3	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	0.5	$	—					$	0.2	$	—
Cost of Sales					10.7		—						2.0		—
SG&A					—		(2.6	)					—		(2.3	)
Total				$	11.2	$	(2.6	)				$	2.2	$	(2.3	)
	Six months ended June 30, 2015								Six months ended June 30, 2014
	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	$	(1.5	)	$	—	$	—		$	(3.5	)	$	—	$	—
Foreign currency contracts		9.4			18.6		(3.5	)		(2.3	)		4.2		(3.9	)
Total	$	7.9		$	18.6	$	(3.5	)	$	(5.8	)	$	4.2	$	(3.9	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	0.8	$	—					$	1.0	$	—
Cost of Sales					17.8		—						3.2		—
SG&A					—		(3.5	)					—		(3.9	)
Total				$	18.6	$	(3.5	)				$	4.2	$	(3.9	)

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

(b) Represents portion excluded from effectiveness testing.

Gain and Loss Activity Related to Derivative Financial Instruments Not Designated as Effective Hedges

The following table presents gain and loss activity (on a pretax basis) for the three and six months ended June 30, 2015 and 2014 related to derivative financial instruments not designated as effective hedges:

	Gain/(Loss) Recognized in Income (a)
	Three months ended June 30,						Six months ended June 30,
(in millions)	2015			2014			2015		2014
Derivatives not designated as effective hedges:
Cash flow hedges:
Foreign currency contracts	$	(9.0	)	$	(1.4	)	$	5.2	$	(6.4	)
Commodity contracts		2.5			0.5			0.7		0.9
Total	$	(6.5	)	$	(0.9	)	$	5.9	$	(5.5	)

(a) Classified in SG&A.

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014:

	June 30, 2015											December 31, 2014
	Fair Value Asset (Liability)											Fair Value Asset (Liability)
(in millions)	Level 1		Level 2			Level 3			Total			Level 1		Level 2			Level 3			Total
Derivatives:
Assets	$	—	$	30.9		$	—		$	30.9		$	—	$	29.3		$	—		$	29.3
Liabilities		—		(25.8	)		—			(25.8	)		—		(23.5	)		—			(23.5	)
Available-for-sale securities		—		—			—			—			—		1.5			—			1.5
Contingent consideration		—		—			(30.9	)		(30.9	)		—		—			(32.6	)		(32.6	)

Changes in Fair Value of Contingent Consideration Obligations

Changes in the fair value of the contingent consideration obligations for the six months ended June 30, 2015 were as follows:

(in millions)	2015
Contingent consideration at January 1,	$	32.6
Acquisitions		4.5
Payments		(0.6	)
Adjustments and foreign exchange		(5.6	)
Contingent consideration at June 30,	$	30.9

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Acquisitions

6 Months Ended

Jun. 30, 2015

Acquisitions

2. Acquisitions

2015 Activity

On July 31, 2015, the Company acquired Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets (the “Acquisition”). The total value of the transaction, including debt assumed and repaid, was approximately $1.35 billion, subject to certain adjustments. The Acquisition is expected to expand the Company’s product offerings and distribution channels, particularly in the business-to-business category, as well as create cross-selling opportunities. Waddington will be reported in the Company’s Branded Consumables segment and will be included in the Company’s results of operations from the date of acquisition. Supplemental pro forma information and the preliminary purchase price allocation have not been provided as estimates of the fair value of the assets acquired and liabilities assumed have not been completed.

During the six months ended June 30, 2015, the Company also completed two tuck-in acquisitions that by nature were complementary to the Company’s core businesses and from an accounting standpoint were not significant.

2014 Activity

On August 29, 2014, the Company completed the acquisition of Rexair Holdings, Inc. (“Rexair”), a global provider of premium vacuum cleaning systems sold primarily under the Rainbow^® brand name. Rexair is reported in the Company’s Consumer Solutions segment and is included in the Company’s results of operations from the date of acquisition.

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Computations of Weighted Average Shares Outstanding

The computations of the weighted average shares outstanding for the three and six months ended June 30, 2015 and 2014 are as follows:

	Three months ended June 30,				Six months ended June 30,
(in millions)	2015		2014		2015		2014
Weighted average shares outstanding:
Basic		186.2		184.7		185.8		186.2
Dilutive share-based awards		0.2		0.3		0.4		0.9
Convertible debt		9.0		2.7		8.4		3.3
Diluted		195.4		187.7		194.6		190.4

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Inventories (Detail) - Entity [Domain] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Inventory [Line Items]
Raw materials and supplies	$ 296.0	$ 250.0
Work-in-process	81.3	71.0
Finished goods	1,506.7	1,183.7
Total inventories	$ 1,884.0	$ 1,504.7

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Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	[1]	$ 30.9	$ 29.3
Derivatives liabilities	[1]	(25.8)	(23.5)
Contingent consideration		(30.9)	(32.6)
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets		30.9	29.3
Derivatives liabilities		(25.8)	(23.5)
Available-for-sale securities			1.5
Contingent consideration		(30.9)	(32.6)
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets		30.9	29.3
Derivatives liabilities		(25.8)	(23.5)
Available-for-sale securities			1.5
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration		$ (30.9)	$ (32.6)

[1] Consolidated balance sheet location: Asset: Other current and non-current assets Liability: Other current and non-current liabilities

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Entity [Domain] - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 2,005.7	$ 1,975.1	$ 3,737.2	$ 3,706.9
Cost of sales	1,398.2	1,373.1	2,629.2	2,590.5
Gross profit	607.5	602.0	1,108.0	1,116.4
Selling, general and administrative expenses	416.0	409.6	944.7	860.5
Restructuring costs, net	1.9	2.3	4.5	2.6
Operating earnings (loss)	189.6	190.1	158.8	253.3
Interest expense, net	51.9	52.9	104.8	106.9
Loss on early extinguishment of debt		54.4		54.4
Income before taxes	137.7	82.8	54.0	92.0
Income tax provision	51.8	30.7	23.6	36.2
Net income (loss)	$ 85.9	$ 52.1	$ 30.4	$ 55.8
Earnings per share:
Basic	$ 0.46	$ 0.28	$ 0.16	$ 0.30
Diluted	$ 0.44	$ 0.28	$ 0.16	$ 0.29
Weighted average shares outstanding:
Basic	186.2	184.7	185.8	186.2
Diluted	195.4	187.7	194.6	190.4

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Goodwill and Intangibles - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization of intangibles	$ 8.7	$ 5.6	$ 17.2	$ 11.5

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Entity [Domain] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ 30.4	$ 55.8
Reconciliation of net income to net cash used in operating activities:
Depreciation and amortization	97.0	92.7
Stock-based compensation	41.2	41.0
Excess tax benefits from stock-based compensation	(21.5)	(34.9)
Other non-cash items	0.7	(4.9)
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	(2.3)	(27.4)
Inventory	(405.3)	(236.8)
Accounts payable	(8.0)	58.3
Other assets and liabilities	(64.8)	(118.2)
Net cash provided by (used in) operating activities	(272.0)	(174.4)
Cash flows from financing activities:
Net change in short-term debt	(6.4)	34.0
Proceeds from issuance of long-term debt	4.0	691.6
Payments on long-term debt	(24.3)	(551.0)
Issuance (repurchase) of common stock, net	(33.5)	(269.8)
Excess tax benefits from stock-based compensation	21.5	34.9
Debt issuance costs		(16.6)
Other	(0.4)	(8.2)
Net cash provided by (used in) financing activities	(39.1)	(85.1)
Cash flows from investing activities:
Additions to property, plant and equipment	(97.7)	(99.3)
Acquisition of businesses, net of cash acquired	(33.2)	(108.4)
Other	39.1	4.8
Net cash provided by (used in) investing activities	(91.8)	(202.9)
Effect of exchange rate changes on cash and cash equivalents	(32.0)	(0.8)
Net decrease in cash and cash equivalents	(434.9)	(463.2)
Cash and cash equivalents at beginning of period	1,164.8	1,128.5
Cash and cash equivalents at end of period	729.9	$ 665.3
Venezuela
Reconciliation of net income to net cash used in operating activities:
Venezuela-related charges	$ 60.6

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Accrued Restructuring Costs Activity (Detail) - Entity [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Cost and Reserve [Line Items]
Accrual Balance, at Beginning of Period			$ 10.8
Restructuring costs, net	$ 1.9	$ 2.3	4.5	$ 2.6
Payments			(6.5)
Foreign Currency and Other			(0.5)
Accrual Balance, at End of Period	8.3		8.3
Severance and Other Employee-Related
Restructuring Cost and Reserve [Line Items]
Accrual Balance, at Beginning of Period			5.4
Restructuring costs, net			0.7
Payments			(3.4)
Foreign Currency and Other			(0.4)
Accrual Balance, at End of Period	2.3		2.3
Other Costs
Restructuring Cost and Reserve [Line Items]
Accrual Balance, at Beginning of Period			5.4
Restructuring costs, net			3.8
Payments			(3.1)
Foreign Currency and Other			(0.1)
Accrual Balance, at End of Period	$ 6.0		$ 6.0

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Segment Information (Tables)

6 Months Ended

Jun. 30, 2015

Segment Information

Segment information as of and for the three and six months ended June 30, 2015 and 2014 is as follows:

	Three months ended June 30, 2015
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	677.3		$	473.6		$	753.3		$	124.6		$	(23.1	)	$	2,005.7		$	—		$	2,005.7
Segment earnings (loss)		115.9			64.2			84.9			19.5			—			284.5			(25.8	)		258.7
Adjustments to reconcile to reported operating earnings (loss):
Restructuring costs, net		(1.9	)		—			—			—			—			(1.9	)		—			(1.9	)
Acquisition-related and other costs		(5.5	)		(4.5	)		(6.5	)		—			—			(16.5	)		(1.2	)		(17.7	)
Depreciation and amortization		(21.3	)		(9.3	)		(14.2	)		(3.0	)		—			(47.8	)		(1.7	)		(49.5	)
Operating earnings (loss)	$	87.2		$	50.4		$	64.2		$	16.5		$	—		$	218.3		$	(28.7	)	$	189.6
Other segment data:
Total assets	$	4,331.1		$	2,466.1		$	3,009.9		$	213.2		$	—		$	10,020.3		$	661.4		$	10,681.7

	Three months ended June 30, 2014
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	684.4		$	445.6		$	754.9		$	111.8		$	(21.6	)	$	1,975.1		$	—		$	1,975.1
Segment earnings (loss)		105.5			55.3			100.2			18.3			—			279.3			(20.8	)		258.5
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		—			(1.3	)		—			—			—			(1.3	)		—			(1.3	)
Restructuring costs, net		—			(0.7	)		(1.6	)		—			—			(2.3	)		—			(2.3	)
Acquisition-related and other costs		(1.4	)		(1.0	)		(5.2	)		—			—			(7.6	)		(0.5	)		(8.1	)
Venezuela-related charges		—			—			—			—			—			—			(9.6	)		(9.6	)
Depreciation and amortization		(21.9	)		(6.7	)		(14.3	)		(2.8	)		—			(45.7	)		(1.4	)		(47.1	)
Operating earnings (loss)	$	82.2		$	45.6		$	79.1		$	15.5		$	—		$	222.4		$	(32.3	)	$	190.1

	Six months ended June 30, 2015
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,322.6		$	852.8		$	1,378.2		$	228.7		$	(45.1	)	$	3,737.2		$	—		$	3,737.2
Segment earnings (loss)		190.5			94.3			125.3			30.8			—			440.9			(83.2	)		357.7
Adjustments to reconcile to reported operating earnings (loss):
Restructuring costs, net		(2.5	)		—			—			—			—			(2.5	)		(2.0	)		(4.5	)
Acquisition-related and other costs		(9.9	)		(9.2	)		(14.7	)		—			—			(33.8	)		(3.0	)		(36.8	)
Venezuela-related charges		—			—			—			—			—			—			(60.6	)		(60.6	)
Depreciation and amortization		(41.8	)		(19.0	)		(27.3	)		(5.8	)		—			(93.9	)		(3.1	)		(97.0	)
Operating earnings (loss)	$	136.3		$	66.1		$	83.3		$	25.0		$	—		$	310.7		$	(151.9	)	$	158.8

	Six months ended June 30, 2014
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,306.2		$	789.6		$	1,439.0		$	214.1		$	(42.0	)	$	3,706.9		$	—		$	3,706.9
Segment earnings (loss)		180.5			91.8			155.5			30.6			—			458.4			(73.6	)		384.8
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		—			(1.3	)		—			—			—			(1.3	)		—			(1.3	)
Restructuring costs, net		—			(1.0	)		(1.6	)		—			—			(2.6	)		—			(2.6	)
Acquisition-related and other costs		(6.4	)		(4.0	)		(10.4	)		—			—			(20.8	)		(0.5	)		(21.3	)
Venezuela-related charges		—			—			—			—			—			—			(13.6	)		(13.6	)
Depreciation and amortization		(41.9	)		(14.4	)		(28.1	)		(5.6	)		—			(90.0	)		(2.7	)		(92.7	)
Operating earnings (loss)	$	132.2		$	71.1		$	115.4		$	25.0		$	—		$	343.7		$	(90.4	)	$	253.3

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Condensed Consolidating Results of Operations (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Income Statements, Captions [Line Items]
Net sales	$ 2,005.7	$ 1,975.1	$ 3,737.2	$ 3,706.9
Cost of sales	1,398.2	1,373.1	2,629.2	2,590.5
Gross profit	607.5	602.0	1,108.0	1,116.4
Selling, general and administrative expenses	416.0	409.6	944.7	860.5
Restructuring costs, net	1.9	2.3	4.5	2.6
Operating earnings (loss)	189.6	190.1	158.8	253.3
Interest expense, net	51.9	52.9	104.8	106.9
Loss on early extinguishment of debt		54.4		54.4
Income (loss) before taxes and equity earnings of subsidiaries	137.7	82.8	54.0	92.0
Income tax provision (benefit)	51.8	30.7	23.6	36.2
Net income (loss)	85.9	52.1	30.4	55.8
Other comprehensive income (loss), net of tax	10.5	11.5	(81.1)	3.2
Comprehensive income (loss)	96.4	63.6	(50.7)	59.0
Eliminations
Condensed Income Statements, Captions [Line Items]
Net sales	(206.5)	(206.5)	(383.7)	(397.9)
Cost of sales	(206.5)	(206.5)	(383.7)	(397.9)
Equity earnings of subsidiaries	(161.9)	(157.9)	(159.6)	(236.1)
Net income (loss)	(161.9)	(157.9)	(159.6)	(236.1)
Other comprehensive income (loss), net of tax	(28.4)	(25.9)	100.9	(12.8)
Comprehensive income (loss)	(190.3)	(183.8)	(58.7)	(248.9)
Parent Company
Condensed Income Statements, Captions [Line Items]
Selling, general and administrative expenses	23.9	11.0	85.7	64.8
Restructuring costs, net			2.0
Operating earnings (loss)	(23.9)	(11.0)	(87.7)	(64.8)
Interest expense, net	33.6	34.4	67.8	70.6
Loss on early extinguishment of debt		54.4		54.4
Income (loss) before taxes and equity earnings of subsidiaries	(57.5)	(99.8)	(155.5)	(189.8)
Income tax provision (benefit)	(21.8)	(37.0)	(58.9)	(71.3)
Equity earnings of subsidiaries	121.6	114.9	127.0	174.3
Net income (loss)	85.9	52.1	30.4	55.8
Other comprehensive income (loss), net of tax	10.5	11.5	(81.1)	3.2
Comprehensive income (loss)	96.4	63.6	(50.7)	59.0
Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Net sales	1,446.1	1,367.1	2,684.1	2,550.2
Cost of sales	1,039.1	991.0	1,943.9	1,857.4
Gross profit	407.0	376.1	740.2	692.8
Selling, general and administrative expenses	264.1	256.7	562.8	505.6
Restructuring costs, net	1.5		1.5
Operating earnings (loss)	141.4	119.4	175.9	187.2
Interest expense, net	16.3	16.3	32.5	32.5
Income (loss) before taxes and equity earnings of subsidiaries	125.1	103.1	143.4	154.7
Income tax provision (benefit)	47.4	38.9	54.3	58.5
Equity earnings of subsidiaries	40.3	43.0	32.6	61.8
Net income (loss)	118.0	107.2	121.7	158.0
Other comprehensive income (loss), net of tax	10.9	12.7	(38.4)	6.7
Comprehensive income (loss)	128.9	119.9	83.3	164.7
Non-Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Net sales	766.1	814.5	1,436.8	1,554.6
Cost of sales	565.6	588.6	1,069.0	1,131.0
Gross profit	200.5	225.9	367.8	423.6
Selling, general and administrative expenses	128.0	141.9	296.2	290.1
Restructuring costs, net	0.4	2.3	1.0	2.6
Operating earnings (loss)	72.1	81.7	70.6	130.9
Interest expense, net	2.0	2.2	4.5	3.8
Income (loss) before taxes and equity earnings of subsidiaries	70.1	79.5	66.1	127.1
Income tax provision (benefit)	26.2	28.8	28.2	49.0
Net income (loss)	43.9	50.7	37.9	78.1
Other comprehensive income (loss), net of tax	17.5	13.2	(62.5)	6.1
Comprehensive income (loss)	$ 61.4	$ 63.9	$ (24.6)	$ 84.2

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Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income (Loss)

16. Accumulated Other Comprehensive Income (Loss)

AOCI activity for the six months ended June 30, 2015 is as follows:

(in millions)	Cumulative Translation Adjustment			Derivative Financial Instruments			Accrued Benefit Cost			AOCI
AOCI balance at December 31, 2014	$	(139.5	)	$	13.4		$	(54.6	)	$	(180.7	)
AOCI activity, net of tax:
OCI excluding reclassifications		(76.1	)		5.8			0.6			(69.7	)
Reclassifications to earnings		—			(13.6	)		2.2			(11.4	)
Subtotal OCI, net of tax		(76.1	)		(7.8	)		2.8			(81.1	)
AOCI balance at June 30, 2015	$	(215.6	)	$	5.6		$	(51.8	)	$	(261.8	)

For the three and six months ended June 30, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $1.7 and $1.1, respectively, and $3.4 and $2.3, respectively, and primarily represent the amortization of net actuarial losses (see Note 13). For the three and six months ended June 30, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were income of $11.2 and $2.2, respectively, and $18.6 and $4.2, respectively (see Note 8).

The income tax (provision) benefit allocated to the components of OCI for the three and six months ended June 30, 2015 and 2014 is as follows:

	Three months ended June 30,						Six months ended June 30,
(in millions)	2015			2014			2015			2014
Cumulative translation adjustment	$	3.3		$	—		$	(8.7	)	$	—
Derivative financial instruments		3.7			2.3			2.9			3.1
Accrued benefit cost		(0.4	)		(0.4	)		(1.5	)		(0.8	)
Unrealized gain on investment		—			(1.5	)		—			(1.5	)
Income tax (provision) benefit related to OCI	$	6.6		$	0.4		$	(7.3	)	$	0.8

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Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2015

Accumulated Other Comprehensive Income Activity

AOCI activity for the six months ended June 30, 2015 is as follows:

(in millions)	Cumulative Translation Adjustment			Derivative Financial Instruments			Accrued Benefit Cost			AOCI
AOCI balance at December 31, 2014	$	(139.5	)	$	13.4		$	(54.6	)	$	(180.7	)
AOCI activity, net of tax:
OCI excluding reclassifications		(76.1	)		5.8			0.6			(69.7	)
Reclassifications to earnings		—			(13.6	)		2.2			(11.4	)
Subtotal OCI, net of tax		(76.1	)		(7.8	)		2.8			(81.1	)
AOCI balance at June 30, 2015	$	(215.6	)	$	5.6		$	(51.8	)	$	(261.8	)

Income Tax (Provision) Benefit Allocated to Components of Other Comprehensive Income

The income tax (provision) benefit allocated to the components of OCI for the three and six months ended June 30, 2015 and 2014 is as follows:

	Three months ended June 30,						Six months ended June 30,
(in millions)	2015			2014			2015			2014
Cumulative translation adjustment	$	3.3		$	—		$	(8.7	)	$	—
Derivative financial instruments		3.7			2.3			2.9			3.1
Accrued benefit cost		(0.4	)		(0.4	)		(1.5	)		(0.8	)
Unrealized gain on investment		—			(1.5	)		—			(1.5	)
Income tax (provision) benefit related to OCI	$	6.6		$	0.4		$	(7.3	)	$	0.8

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Basis of Presentation and Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2015

Basis of Presentation

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, recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at December 31, 2014 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, 2014. Certain reclassifications have been made in the Company’s financial statements of the prior year to conform to the current year presentation. These reclassifications have no impact on previously reported net income.

Stock Split

Stock Split

On November 24, 2014, the Company consummated a 3-for-2 stock split in the form of a stock dividend of one additional share of common stock for every two shares of common stock. The Company retained the current par value of $0.01 per share for all shares of common stock. All references to the number of shares outstanding, issued shares, per share amounts and restricted stock and stock option data of the Company’s shares of common stock have been restated to reflect the effect of the stock split for all periods presented in the Company’s accompanying consolidated financial statements and footnotes thereto.

Supplemental Information

Supplemental Information

Stock-based compensation costs, which are included in selling, general and administrative expenses (“SG&A”), were $2.3 and $6.1 for the three months ended June 30, 2015 and 2014, respectively, and $41.2 and $41.0 for the six months ended June 30, 2015 and 2014, respectively.

Interest expense is net of interest income of $0.5 and $1.4 for the three months ended June 30, 2015 and 2014, respectively, and $1.2 and $2.8, for the six months ended June 30, 2015 and 2014, respectively.

Venezuela Operations

Venezuela Operations

Prior to March 31, 2015, the Company included the results of its Venezuelan operations in the consolidated financial statements using the consolidation method of accounting. Venezuelan exchange control regulations have become increasingly restrictive and have resulted in an other-than-temporary lack of exchangeability between the Venezuelan bolivar and U.S. dollar, and have restricted our Venezuelan operations’ ability to pay obligations denominated in U.S. dollars, as well as pay dividends. These exchange regulations, combined with certain Venezuelan regulations, limit the Company’s ability to rationalize its manufacturing platform to a level that would allow the Company to maintain a sustainable production level that is commensurate with the declining demand resulting from the deteriorating macroeconomic conditions in Venezuela. Furthermore, the Venezuelan government imposes price restrictions that prohibit the Company from pricing its products at acceptable levels. As such, effective March 31, 2015, the Company began reporting the results of its Venezuelan operations using the cost method of accounting. As a result, during the three months ended March 31, 2015, the Company recorded charges of $60.6 related to the deconsolidation of the Company’s subsidiaries operating in Venezuela (the “Venezuela-related charges”) that include in part, charges for the remeasurement of net monetary assets and the impairment of long-lived assets (discussed hereafter). The Venezuela-related charges are recorded in SG&A.

On February 10, 2015, the Venezuelan government established a new foreign exchange system, the Marginal Currency System (“SIMADI”). Furthermore, in February 2015 shortly after establishment of SIMADI, the SICAD-II program was eliminated. As such, the Company determined it would be most appropriate to remeasure the net monetary assets of the Company’s subsidiaries operating in Venezuela at the SIMADI exchange rate, as this was the Company’s expected settlement rate. The SIMADI exchange rate was approximately 193 Bolivars per U.S. dollar at March 31, 2015. As such, due to the change to the SIMADI exchange rate, during the three months ended March 31, 2015, the Company recorded a foreign exchange-related charge of $13.0 related to the write-down of net monetary assets due to this remeasurement. This charge is included in the aforementioned Venezuela-related charges. Furthermore, as a result of the continued foreign exchange restrictions, combined with the unfavorable macroeconomic conditions in Venezuela, the Company recorded a $37.3 impairment charge on property, plant and equipment that were previously recorded at historical cost. This charge is included in the aforementioned Venezuela-related charges.

Up until December 31, 2014, the financial statements of the Company’s subsidiaries operating in Venezuela were remeasured at and reflected in the Company’s consolidated financial statements at the CENCOEX official exchange rate of 6.30 Bolivars per U.S. dollar. Due to the evolving foreign exchange control environment in Venezuela and additional experience with the various foreign exchange mechanisms, as of December 31, 2014, the Company determined it would be most appropriate to remeasure the financial statements of the Company’s subsidiaries operating in Venezuela at the SICAD-II exchange rate of 50.0 Bolivars per U.S. dollar.

New Accounting Guidance

New Accounting Guidance

In May 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2015-07, “Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), (“ASU 2015-07”). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and remove certain related disclosure requirements. ASU 2015-07 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Since ASU 2015-07 only modifies existing disclosures, the adoption of ASU 2015-07 will not affect the consolidated financial position, results of operations or cash flows of the Company.

In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). ASU No. 2015-03 changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability rather than as an asset. ASU 2015-03 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-03 to have a material effect on its consolidated financial position, results of operations or cash flows.

In February 2015, the FASB issued ASU No. 2015-02, “Amendments to the Consolidation Analysis” (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities. ASU 2015-02 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-02 to have a material effect on its consolidated financial position, results of operations or cash flows.

Adoption of New Accounting Guidance

Adoption of New Accounting Guidance

In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”). ASU-2014-08 establishes criteria for determining which disposals qualify as discontinued operations and also establishes disclosure requirements for both discontinued operations and material disposals that do not meet the definition of discontinued operations. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014. The adoption of the provisions of ASU 2014-08 did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

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Basis of Presentation and Significant Accounting Policies

6 Months Ended

Jun. 30, 2015

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, recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at December 31, 2014 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, 2014. Certain reclassifications have been made in the Company’s financial statements of the prior year to conform to the current year presentation. These reclassifications have no impact on previously reported net income.

Stock Split

On November 24, 2014, the Company consummated a 3-for-2 stock split in the form of a stock dividend of one additional share of common stock for every two shares of common stock. The Company retained the current par value of $0.01 per share for all shares of common stock. All references to the number of shares outstanding, issued shares, per share amounts and restricted stock and stock option data of the Company’s shares of common stock have been restated to reflect the effect of the stock split for all periods presented in the Company’s accompanying consolidated financial statements and footnotes thereto.

Supplemental Information

Stock-based compensation costs, which are included in selling, general and administrative expenses (“SG&A”), were $2.3 and $6.1 for the three months ended June 30, 2015 and 2014, respectively, and $41.2 and $41.0 for the six months ended June 30, 2015 and 2014, respectively.

Interest expense is net of interest income of $0.5 and $1.4 for the three months ended June 30, 2015 and 2014, respectively, and $1.2 and $2.8, for the six months ended June 30, 2015 and 2014, respectively.

Venezuela Operations

Prior to March 31, 2015, the Company included the results of its Venezuelan operations in the consolidated financial statements using the consolidation method of accounting. Venezuelan exchange control regulations have become increasingly restrictive and have resulted in an other-than-temporary lack of exchangeability between the Venezuelan bolivar and U.S. dollar, and have restricted our Venezuelan operations’ ability to pay obligations denominated in U.S. dollars, as well as pay dividends. These exchange regulations, combined with certain Venezuelan regulations, limit the Company’s ability to rationalize its manufacturing platform to a level that would allow the Company to maintain a sustainable production level that is commensurate with the declining demand resulting from the deteriorating macroeconomic conditions in Venezuela. Furthermore, the Venezuelan government imposes price restrictions that prohibit the Company from pricing its products at acceptable levels. As such, effective March 31, 2015, the Company began reporting the results of its Venezuelan operations using the cost method of accounting. As a result, during the three months ended March 31, 2015, the Company recorded charges of $60.6 related to the deconsolidation of the Company’s subsidiaries operating in Venezuela (the “Venezuela-related charges”) that include in part, charges for the remeasurement of net monetary assets and the impairment of long-lived assets (discussed hereafter). The Venezuela-related charges are recorded in SG&A.

On February 10, 2015, the Venezuelan government established a new foreign exchange system, the Marginal Currency System (“SIMADI”). Furthermore, in February 2015 shortly after establishment of SIMADI, the SICAD-II program was eliminated. As such, the Company determined it would be most appropriate to remeasure the net monetary assets of the Company’s subsidiaries operating in Venezuela at the SIMADI exchange rate, as this was the Company’s expected settlement rate. The SIMADI exchange rate was approximately 193 Bolivars per U.S. dollar at March 31, 2015. As such, due to the change to the SIMADI exchange rate, during the three months ended March 31, 2015, the Company recorded a foreign exchange-related charge of $13.0 related to the write-down of net monetary assets due to this remeasurement. This charge is included in the aforementioned Venezuela-related charges. Furthermore, as a result of the continued foreign exchange restrictions, combined with the unfavorable macroeconomic conditions in Venezuela, the Company recorded a $37.3 impairment charge on property, plant and equipment that were previously recorded at historical cost. This charge is included in the aforementioned Venezuela-related charges.

Up until December 31, 2014, the financial statements of the Company’s subsidiaries operating in Venezuela were remeasured at and reflected in the Company’s consolidated financial statements at the CENCOEX official exchange rate of 6.30 Bolivars per U.S. dollar. Due to the evolving foreign exchange control environment in Venezuela and additional experience with the various foreign exchange mechanisms, as of December 31, 2014, the Company determined it would be most appropriate to remeasure the financial statements of the Company’s subsidiaries operating in Venezuela at the SICAD-II exchange rate of 50.0 Bolivars per U.S. dollar.

New Accounting Guidance

In May 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2015-07, “Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), (“ASU 2015-07”). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and remove certain related disclosure requirements. ASU 2015-07 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Since ASU 2015-07 only modifies existing disclosures, the adoption of ASU 2015-07 will not affect the consolidated financial position, results of operations or cash flows of the Company.

In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). ASU No. 2015-03 changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability rather than as an asset. ASU 2015-03 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-03 to have a material effect on its consolidated financial position, results of operations or cash flows.

In February 2015, the FASB issued ASU No. 2015-02, “Amendments to the Consolidation Analysis” (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities. ASU 2015-02 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-02 to have a material effect on its consolidated financial position, results of operations or cash flows.

Adoption of New Accounting Guidance

In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”). ASU-2014-08 establishes criteria for determining which disposals qualify as discontinued operations and also establishes disclosure requirements for both discontinued operations and material disposals that do not meet the definition of discontinued operations. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014. The adoption of the provisions of ASU 2014-08 did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - Entity [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Comprehensive income:
Net income (loss)	$ 85.9	$ 52.1	$ 30.4	$ 55.8
Other comprehensive income (loss), before tax:
Cumulative translation adjustment	16.2	13.5	(67.4)	5.7
Derivative financial instruments	(13.4)	(7.9)	(10.7)	(10.0)
Accrued benefit cost	1.1	1.1	4.3	2.3
Unrealized gain on investment		4.4		4.4
Total other comprehensive income (loss), before tax	3.9	11.1	(73.8)	2.4
Income tax (provision) benefit related to other comprehensive income (loss)	6.6	0.4	(7.3)	0.8
Comprehensive income (loss)	$ 96.4	$ 63.6	$ (50.7)	$ 59.0

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Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share

11. Earnings Per Share

The computations of the weighted average shares outstanding for the three and six months ended June 30, 2015 and 2014 are as follows:

	Three months ended June 30,				Six months ended June 30,
(in millions)	2015		2014		2015		2014
Weighted average shares outstanding:
Basic		186.2		184.7		185.8		186.2
Dilutive share-based awards		0.2		0.3		0.4		0.9
Convertible debt		9.0		2.7		8.4		3.3
Diluted		195.4		187.7		194.6		190.4

Because it is the Company’s intention to redeem the principal amount of the Senior Subordinated Convertible Notes in cash, the treasury stock method is used for determining potential dilution in the diluted earnings per share computation. As of June 30, 2015, there were 6.0 million restricted share awards with performance-based vesting targets that were not met and as such, have been excluded from the computation of diluted earnings per share.

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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 22, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
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		211,071,000

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Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Stockholders' Equity

12. Stockholders’ Equity

Subsequent Event

On July 22, 2015, pursuant to a public offering of its common stock, the Company completed an equity offering of 18.4 million newly-issued shares of common stock at $54.50 per share. The net proceeds to the Company, after the payment of underwriting discounts and other expenses of the offering, were approximately $969. The net proceeds were used to fund a portion of the Acquisition.

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CONDENSED CONSOLIDATED BALANCE SHEETS - Entity [Domain] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 729.9	$ 1,164.8
Accounts receivable, net of allowances of $103.2 and $119.7 at June 30, 2015 and December 31, 2014, respectively	1,256.5	1,277.9
Inventories	1,884.0	1,504.7
Deferred taxes on income	222.0	166.2
Prepaid expenses and other current assets	164.7	204.4
Total current assets	4,257.1	4,318.0
Property, plant and equipment, net	810.4	849.9
Goodwill	2,885.2	2,880.2
Intangibles, net	2,579.0	2,598.5
Other assets	150.0	152.7
Total assets	10,681.7	10,799.3
Liabilities:
Short-term debt and current portion of long-term debt	588.5	594.9
Accounts payable	800.1	809.9
Accrued salaries, wages and employee benefits	171.6	195.1
Other current liabilities	425.7	477.3
Total current liabilities	1,985.9	2,077.2
Long-term debt	4,437.0	4,464.0
Deferred taxes on income	1,228.7	1,222.1
Other non-current liabilities	439.7	426.7
Total liabilities	$ 8,091.3	$ 8,190.0
Commitments and contingencies (see Note 10)
Stockholders' equity:
Preferred stock ($0.01 par value, 5.0 shares authorized, no shares issued at June 30, 2015 and December 31, 2014)
Common stock ($0.01 par value, 500 and 300 shares authorized at June 30, 2015 and December 31, 2014, respectively, 233.3 shares issued at June 30, 2015 and December 31, 2014)	$ 2.3	$ 2.3
Additional paid-in capital	2,562.0	2,515.5
Retained earnings	1,315.1	1,284.7
Accumulated other comprehensive income (loss)	(261.8)	(180.7)
Less: Treasury stock (40.7 and 41.3 shares, at cost, at June 30, 2015 and December 31, 2014, respectively)	(1,027.2)	(1,012.5)
Total stockholders' equity	2,590.4	2,609.3
Total liabilities and stockholders' equity	$ 10,681.7	$ 10,799.3

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Warranty Reserve

6 Months Ended

Jun. 30, 2015

Warranty Reserve

6. Warranty Reserve

The warranty reserve activity for the six months ended June 30, 2015 is as follows:

(in millions)	2015
Warranty reserve at January 1,	$	96.8
Provision for warranties issued		66.0
Warranty claims paid		(68.2	)
Acquisitions and other adjustments		(0.7	)
Warranty reserve at June 30,	$	93.9

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Goodwill and Intangibles

6 Months Ended

Jun. 30, 2015

Goodwill and Intangibles

5. Goodwill and Intangibles

Goodwill activity for the six months ended June 30, 2015 is as follows:

								June 30, 2015
(in millions)	Net Book Value at December 31, 2014		Additions		Foreign Exchange and Other Adjustments			Gross Carrying Amount		Accumulated Impairment Charges			Net Book Value
Goodwill
Branded Consumables	$	1,385.1	$	—	$	(2.6	)	$	1,605.7	$	(223.2	)	$	1,382.5
Consumer Solutions		757.7		—		(4.9	)		752.8		—			752.8
Outdoor Solutions		715.7	$	15.9		(3.4	)		746.7		(18.5	)	$	728.2
Process Solutions		21.7		—		—			21.7		—			21.7
	$	2,880.2	$	15.9	$	(10.9	)	$	3,126.9	$	(241.7	)	$	2,885.2

Intangibles activity for the six months ended June 30, 2015 is as follows:

(in millions)	Gross Carrying Amount at December 31, 2014		Additions		Accumulated Amortization and Foreign Exchange			Net Book Value at June 30, 2015		Amortization Periods (years)
Intangibles
Patents	$	9.3	$	—	$	(5.0	)	$	4.3	12-30
Manufacturing process and expertise		65.2		—		(47.7	)		17.5	3-7
Brand names		23.3		1.4		(11.9	)		12.8	4-20
Customer relationships and distributor channels		549.6		11.3		(120.5	)		440.4	10-35
Trademarks and tradenames		2,131.7		1.1		(28.8	)		2,104.0	indefinite
	$	2,779.1	$	13.8	$	(213.9	)	$	2,579.0

Amortization of intangibles was $8.7 and $5.6 for the three months ended June 30, 2015 and 2014, respectively, and $17.2 and $11.5 for the six months ended June 30, 2015 and 2014, respectively.

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Condensed Consolidating Financial Data

6 Months Ended

Jun. 30, 2015

Condensed Consolidating Financial Data

17. Condensed Consolidating Financial Data

The Company provides condensed consolidating financial data for its subsidiaries that are guarantors of its registered public debt. The Company’s 6 ¹⁄₈% senior notes due 2022 and Senior Subordinated Notes (see Note 7) are fully guaranteed, jointly and severally, by certain of the Company’s domestic subsidiaries (“Guarantor Subsidiaries”). The guarantees of the Guarantor Subsidiaries are subject to release only in certain limited circumstances. 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, using the equity method of accounting for subsidiaries as of June 30, 2015 and December 31, 2014 and for the three and six months ended June 30, 2015 and 2014.

Condensed Consolidating Results of Operations

	Three months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,446.1	$	766.1	$	(206.5	)	$	2,005.7
Cost of sales		—			1,039.1		565.6		(206.5	)		1,398.2
Gross profit		—			407.0		200.5		—			607.5
Selling, general and administrative expenses		23.9			264.1		128.0		—			416.0
Restructuring costs, net		—			1.5		0.4		—			1.9
Operating earnings		(23.9	)		141.4		72.1		—			189.6
Interest expense, net		33.6			16.3		2.0		—			51.9
Income (loss) before taxes and equity earnings of subsidiaries		(57.5	)		125.1		70.1		—			137.7
Income tax provision (benefit)		(21.8	)		47.4		26.2		—			51.8
Equity earnings of subsidiaries		121.6			40.3		—		(161.9	)		—
Net income (loss)		85.9			118.0		43.9		(161.9	)		85.9
Other comprehensive income (loss), net of tax		10.5			10.9		17.5		(28.4	)		10.5
Comprehensive income (loss)	$	96.4		$	128.9	$	61.4	$	(190.3	)	$	96.4

	Three months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Net sales	$	—		$	1,367.1	$	814.5	$	(206.5	)	$	1,975.1
Cost of sales		—			991.0		588.6		(206.5	)		1,373.1
Gross profit		—			376.1		225.9		—			602.0
Selling, general and administrative expenses		11.0			256.7		141.9		—			409.6
Restructuring costs, net		—			—		2.3		—			2.3
Operating earnings		(11.0	)		119.4		81.7		—			190.1
Interest expense, net		34.4			16.3		2.2		—			52.9
Loss on early extinguishment of debt		54.4			—		—		—			54.4
Income (loss) before taxes and equity earnings of subsidiaries		(99.8	)		103.1		79.5		—			82.8
Income tax provision (benefit)		(37.0	)		38.9		28.8		—			30.7
Equity earnings of subsidiaries		114.9			43.0		—		(157.9	)		—
Net income (loss)		52.1			107.2		50.7		(157.9	)		52.1
Other comprehensive income (loss), net of tax		11.5			12.7		13.2		(25.9	)		11.5
Comprehensive income (loss)	$	63.6		$	119.9	$	63.9	$	(183.8	)	$	63.6

	Six months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,684.1		$	1,436.8		$	(383.7	)	$	3,737.2
Cost of sales		—			1,943.9			1,069.0			(383.7	)		2,629.2
Gross profit		—			740.2			367.8			—			1,108.0
Selling, general and administrative expenses		85.7			562.8			296.2			—			944.7
Restructuring costs, net		2.0			1.5			1.0			—			4.5
Operating earnings		(87.7	)		175.9			70.6			—			158.8
Interest expense, net		67.8			32.5			4.5			—			104.8
Income (loss) before taxes and equity earnings of subsidiaries		(155.5	)		143.4			66.1			—			54.0
Income tax provision (benefit)		(58.9	)		54.3			28.2			—			23.6
Equity earnings of subsidiaries		127.0			32.6			—			(159.6	)		—
Net income (loss)		30.4			121.7			37.9			(159.6	)		30.4
Other comprehensive income (loss), net of tax		(81.1	)		(38.4	)		(62.5	)		100.9			(81.1	)
Comprehensive income (loss)	$	(50.7	)	$	83.3		$	(24.6	)	$	(58.7	)	$	(50.7	)
	Six months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net sales	$	—		$	2,550.2		$	1,554.6		$	(397.9	)	$	3,706.9
Cost of sales		—			1,857.4			1,131.0			(397.9	)		2,590.5
Gross profit		—			692.8			423.6			—			1,116.4
Selling, general and administrative expenses		64.8			505.6			290.1			—			860.5
Reorganization costs, net		—			—			2.6			—			2.6
Operating earnings		(64.8	)		187.2			130.9			—			253.3
Interest expense, net		70.6			32.5			3.8			—			106.9
Loss on early extinguishment of debt		54.4			—			—			—			54.4
Income (loss) before taxes and equity earnings of subsidiaries		(189.8	)		154.7			127.1			—			92.0
Income tax provision (benefit)		(71.3	)		58.5			49.0			—			36.2
Equity earnings of subsidiaries		174.3			61.8			—			(236.1	)		—
Net income (loss)		55.8			158.0			78.1			(236.1	)		55.8
Other comprehensive income (loss), net of tax		3.2			6.7			6.1			(12.8	)		3.2
Comprehensive income (loss)	$	59.0		$	164.7		$	84.2		$	(248.9	)	$	59.0

Condensed Consolidating Balance Sheets

	As of June, 2015
(in millions)	Parent		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	377.0	$	5.2	$	347.7	$	—		$	729.9
Accounts receivable		—		4.4		1,252.1		—			1,256.5
Inventories		—		1,180.8		703.2		—			1,884.0
Other current assets		33.3		238.7		114.7		—			386.7
Total current assets		410.3		1,429.1		2,417.7		—			4,257.1
Property, plant and equipment, net		53.2		466.1		291.1		—			810.4
Goodwill		—		2,572.2		313.0		—			2,885.2
Intangibles, net		—		2,345.4		233.6		—			2,579.0
Intercompany receivables		2,875.0		2,385.0		2,110.0		(7,370.0	)		—
Investment in subsidiaries		7,171.8		1,916.2		—		(9,088.0	)		—
Other non-current assets		50.4		26.3		73.3		—			150.0
Total assets	$	10,560.7	$	11,140.3	$	5,438.7	$	(16,458.0	)	$	10,681.7
Liabilities and stockholders’ equity
Short-term debt and current portion of long-term debt	$	47.0	$	1.5	$	540.0	$	—		$	588.5
Accounts payable		3.0		524.0		273.1		—			800.1
Other current liabilities		61.4		304.0		231.9		—			597.3
Total current liabilities		111.4		829.5		1,045.0		—			1,985.9
Long-term debt		4,416.4		3.5		17.1		—			4,437.0
Intercompany payables		3,148.1		1,877.0		2,344.9		(7,370.0	)		—
Deferred taxes on income		120.4		1,028.1		80.2		—			1,228.7
Other non-current liabilities		174.0		149.2		116.5		—			439.7
Total stockholders’ equity		2,590.4		7,253.0		1,835.0		(9,088.0	)		2,590.4
Total liabilities and stockholders’ equity	$	10,560.7	$	11,140.3	$	5,438.7	$	(16,458.0	)	$	10,681.7
	As of December 31, 2014
(in millions)	Parent		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Cash and cash equivalents	$	728.8	$	9.3	$	426.7	$	—		$	1,164.8
Accounts receivable		—		1.2		1,276.7		—			1,277.9
Inventories		—		919.4		585.3		—			1,504.7
Other current assets		38.3		161.7		170.6		—			370.6
Total current assets		767.1		1,091.6		2,459.3		—			4,318.0
Property, plant and equipment, net		47.0		456.5		346.4		—			849.9
Goodwill		—		2,572.0		308.2		—			2,880.2
Intangibles, net		—		2,350.7		247.8		—			2,598.5
Intercompany receivables		4,641.2		4,758.6		4,547.7		(13,947.5	)		—
Investment in subsidiaries		7,111.3		2,029.1		—		(9,140.4	)		—
Other non-current assets		56.4		26.9		69.4		—			152.7
Total assets	$	12,623.0	$	13,285.4	$	7,978.8	$	(23,087.9	)	$	10,799.3
Liabilities and stockholders’ equity
Short-term debt and current portion of long-term debt	$	47.0	$	1.6	$	546.3	$	—		$	594.9
Accounts payable		8.7		529.8		271.4		—			809.9
Other current liabilities		63.6		337.4		271.4		—			672.4
Total current liabilities		119.3		868.8		1,089.1		—			2,077.2
Long-term debt		4,442.0		4.2		17.8		—			4,464.0
Intercompany payables		5,197.4		4,044.0		4,706.1		(13,947.5	)		—
Deferred taxes on income		100.4		1,039.3		82.4		—			1,222.1
Other non-current liabilities		154.6		160.5		111.6		—			426.7
Total stockholders’ equity		2,609.3		7,168.6		1,971.8		(9,140.4	)		2,609.3
Total liabilities and stockholders’ equity	$	12,623.0	$	13,285.4	$	7,978.8	$	(23,087.9	)	$	10,799.3

Condensed Consolidating Statements of Cash Flows

	Six months ended June 30, 2015
(in millions)	Parent			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities, net	$	(110.6	)	$	(97.1	)	$	(64.3	)	$	—		$	(272.0	)
Financing activities:
Net change in short-term debt		—			(0.3	)		(6.1	)		—			(6.4	)
(Payments on) proceeds from intercompany transactions		(200.3	)		173.8			31.1			(4.6	)		—
Proceeds from issuance of long-term debt		2.0			—			2.0			—			4.0
Payments on long-term debt		(23.5	)		(0.5	)		(0.3	)		—			(24.3	)
Issuance (repurchase) of common stock, net		(33.5	)		—			—			—			(33.5	)
Excess tax benefits from stock-based compensation		21.5			—			—			—			21.5
Other		1.8			(0.4	)		(1.8	)		—			(0.4	)
Net cash provided by (used in) financing activities		(232.0	)		172.6			24.9			(4.6	)		(39.1	)
Investing activities:
Additions to property, plant and equipment		(9.2	)		(66.3	)		(22.2	)		—			(97.7	)
Acquisition of businesses, net of cash acquired		—			(7.1	)		(26.1	)		—			(33.2	)
Intercompany investing activities, net		—			(4.6	)		—			4.6			—
Other		—			(1.6	)		40.7			—			39.1
Net cash used in investing activities		(9.2	)		(79.6	)		(7.6	)		4.6			(91.8	)
Effect of exchange rate changes on cash		—			—			(32.0	)		—			(32.0	)
Net decrease in cash and cash equivalents		(351.8	)		(4.1	)		(79.0	)		—			(434.9	)
Cash and cash equivalents at beginning of year		728.8			9.3			426.7			—			1,164.8
Cash and cash equivalents at end of year	$	377.0		$	5.2		$	347.7		$	—		$	729.9
	Six months ended June 30, 2014
(in millions)	Parent			Guarantor Subsidiaries			Non- Guarantor Subsidiaries			Eliminations			Consolidated
Net cash provided by (used in) operating activities, net	$	(196.0	)	$	71.8		$	(45.1	)	$	(5.1	)	$	(174.4	)
Financing activities:
Net change in short-term debt		—			—			34.0			—			34.0
(Payments on) proceeds from intercompany transactions		(41.8	)		(13.4	)		50.1			5.1			—
Proceeds from issuance of long-term debt		690.0			0.2			1.4			—			691.6
Payments on long-term debt		(549.9	)		(0.7	)		(0.4	)		—			(551.0	)
Issuance (repurchase) of common stock, net		(269.8	)		—			—			—			(269.8	)
Excess tax benefits from stock-based compensation		34.9			—			—			—			34.9
Other		(16.6	)		(7.6	)		(0.6	)		—			(24.8	)
Net cash provided by (used in) financing activities		(153.2	)		(21.5	)		84.5			5.1			(85.1	)
Investing activities:
Additions to property, plant and equipment		(2.5	)		(54.5	)		(42.3	)		—			(99.3	)
Acquisition of businesses, net of cash acquired		—			—			(108.4	)		—			(108.4	)
Other		—			(1.2	)		6.0			—			4.8
Net cash used in investing activities		(2.5	)		(55.7	)		(144.7	)		—			(202.9	)
Effect of exchange rate changes on cash		—			—			(0.8	)		—			(0.8	)
Net decrease in cash and cash equivalents		(351.7	)		(5.4	)		(106.1	)		—			(463.2	)
Cash and cash equivalents at beginning of year		630.8			13.5			484.2			—			1,128.5
Cash and cash equivalents at end of year	$	279.1		$	8.1		$	378.1		$	—		$	665.3

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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Employee Benefit Plans

6 Months Ended

Jun. 30, 2015

Employee Benefit Plans

13. Employee Benefit Plans

The components of pension and postretirement benefit expense for the three and six months ended June 30, 2015 and 2014 are as follows:

	Pension Benefits
	Three months ended June 30,
	2015									2014
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	0.6		$	0.6		$	—		$	0.6		$	0.6
Interest cost		2.9			0.4			3.3			3.6			0.6			4.2
Expected return on plan assets		(4.1	)		(0.3	)		(4.4	)		(4.3	)		(0.4	)		(4.7	)
Amortization, net		1.4			0.3			1.7			1.2			0.1			1.3
Net periodic expense	$	0.2		$	1.0		$	1.2		$	0.5		$	0.9		$	1.4
	Six months ended June 30,
	2015									2014
(in millions)	Domestic			Foreign			Total			Domestic			Foreign			Total
Service cost	$	—		$	1.1		$	1.1		$	—		$	1.1		$	1.1
Interest cost		5.8			0.8			6.6			7.3			1.2			8.5
Expected return on plan assets		(8.2	)		(0.6	)		(8.8	)		(8.7	)		(0.7	)		(9.4	)
Amortization, net		2.9			0.6			3.5			2.4			0.2			2.6
Net periodic expense	$	0.5		$	1.9		$	2.4		$	1.0		$	1.8		$	2.8

	Postretirement Benefits
	Three months ended June 30,					Six months ended June 30,
(in millions)	2015		2014			2015			2014
Interest cost	$	—	$	0.1		$	0.1		$	0.2
Amortization, net		—		(0.2	)		(0.1	)		(0.3	)
Net periodic expense	$	—	$	(0.1	)	$	—		$	(0.1	)

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Fair Value Measurements

6 Months Ended

Jun. 30, 2015

Fair Value Measurements

9. Fair Value Measurements

The following table summarizes assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014:

	June 30, 2015											December 31, 2014
	Fair Value Asset (Liability)											Fair Value Asset (Liability)
(in millions)	Level 1		Level 2			Level 3			Total			Level 1		Level 2			Level 3			Total
Derivatives:
Assets	$	—	$	30.9		$	—		$	30.9		$	—	$	29.3		$	—		$	29.3
Liabilities		—		(25.8	)		—			(25.8	)		—		(23.5	)		—			(23.5	)
Available-for-sale securities		—		—			—			—			—		1.5			—			1.5
Contingent consideration		—		—			(30.9	)		(30.9	)		—		—			(32.6	)		(32.6	)

Derivative assets and liabilities relate to interest rate swaps, foreign currency contracts and commodity contracts. 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 include inflation protected bonds and are valued based on quoted market prices.

The fair value measurement of the contingent consideration obligations arising from acquisitions is based upon Level 3 inputs including, in part, the estimate of future cash flows based upon the likelihood of achieving the various earn-out criteria. Changes in the fair value of the contingent consideration obligations are recorded in SG&A.

Changes in the fair value of the contingent consideration obligations for the six months ended June 30, 2015 were as follows:

(in millions)	2015
Contingent consideration at January 1,	$	32.6
Acquisitions		4.5
Payments		(0.6	)
Adjustments and foreign exchange		(5.6	)
Contingent consideration at June 30,	$	30.9

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Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015 Segment
Reportable business segments	4

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Debt

6 Months Ended

Jun. 30, 2015

Debt

7. Debt

Debt is comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015			December 31, 2014
Senior Secured Credit Facility Term Loans	$	2,001.5		$	2,024.6
6 1⁄8% Senior Notes due 2022 (a)		300.0			300.0
3 3⁄4% Senior Notes due 2021 (a)		331.6			357.9
7 1⁄2% Senior Subordinated Notes due 2017 (b)		653.0			650.6
17/8% Senior Subordinated Convertible Notes due 2018 (c)		452.5			445.8
1 1⁄2% Senior Subordinated Convertible Notes due 2019 (c)		229.9			226.0
1 1⁄8% Senior Subordinated Convertible Notes due 2034 (c)		492.9			484.1
Securitization Facility		489.3			479.3
Non-U.S. borrowings		66.5			83.2
Other		8.3			7.4
Total debt		5,025.5			5,058.9
Less: current portion		(588.5	)		(594.9	)
Total long-term debt	$	4,437.0		$	4,464.0

(a) Collectively, the “Senior Notes.”

(b) The “Senior Subordinated Notes.”

(c) Collectively, the “Senior Subordinated Convertible Notes.”

Other

At June 30, 2015 and December 31, 2014, the carrying value of total debt approximates fair market value. The fair market value (Level 1 measurement) of the Senior Notes and the Senior Subordinated Notes is based upon quoted market prices. The fair market value (Level 2 measurement) for all other debt instruments is estimated using interest rates currently available to the Company for debt with similar terms and maturities.

Subsequent Event

In July 2015, the Company borrowed $900 under its senior secured credit facility, which is comprised of $300 under the existing senior secured term loan B1 facility that matures in 2020 and bears interest at LIBOR plus a 275 basis point spread; and $600 under a new senior secured term loan B2 facility that matures in 2022 and bears interest at LIBOR plus a 275 basis point spread. The proceeds were used, in part, to fund a portion of the Acquisition.

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Derivative and Other Hedging Financial Instruments

6 Months Ended

Jun. 30, 2015

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 Value Hedges

At June 30, 2015, the Company had $650 notional amount of interest rate swaps that exchange a fixed rate of interest for variable rate of interest (LIBOR) plus a weighted average spread of approximately 605 basis points. These floating rate swaps are designated as fair value hedges against $650 of principal on the Senior Subordinated Notes for the remaining life of these notes. The effective portion of the fair value gains or losses on these swaps is offset by fair value adjustments in the underlying debt.

Cash Flow Hedges

At June 30, 2015, the Company had $850 notional amount outstanding in swap agreements, which includes $350 notional amount of forward-starting swaps that become effective commencing December 31, 2015, that exchange a variable rate of interest (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 June 2020. At June 30, 2015, the weighted average fixed rate of interest on these swaps, excluding the forward-starting swaps, was approximately 1.3%. 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”).

Foreign Currency Contracts

The Company uses forward 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 January 2017. 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 June 30, 2015, the Company had approximately $616 notional amount outstanding of forward foreign currency contracts that are designated as cash flow hedges of forecasted inventory purchases and sales.

The Company also uses foreign currency contracts, primarily forward foreign currency contracts, to mitigate the foreign currency exposure of certain other foreign currency transactions. At June 30, 2015, the Company had approximately $408 notional amount outstanding of these foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through September 2016. 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 June 30, 2015, the Company had approximately $50 notional amount outstanding of commodity-based derivatives that are not designated as effective hedges for accounting purposes and have maturity dates through December 2016. Fair market value gains or losses are included in the results of operations and are classified in cost of sales.

The following table presents the fair value of derivative financial instruments as of June 30, 2015 and December 31, 2014:

	June 30, 2015				December 31, 2014
	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	$	—	$	8.1	$	0.6	$	7.2
Foreign currency contracts		22.0		9.3		25.9		3.8
Fair value hedges:
Interest rate swaps		0.8		—		—		2.2
Subtotal		22.8		17.4		26.5		13.2
Derivatives not designated as effective hedges:
Foreign currency contracts		7.0		3.1		2.8		1.3
Commodity contracts		1.1		5.3		—		9.0
Subtotal		8.1		8.4		2.8		10.3
Total	$	30.9	$	25.8	$	29.3	$	23.5

(a) Consolidated balance sheet location:

Asset: Other current and non-current assets

Liability: Other current and non-current liabilities

The following table presents gain and loss activity (on a pretax basis) for the three and six months ended June 30, 2015 and 2014 related to derivative financial instruments designated as effective hedges:

	Three months ended June 30, 2015								Three months ended June 30, 2014
	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	$	1.4		$	—	$	—		$	(2.8	)	$	—	$	—
Foreign currency contracts		(3.6	)		11.2		(2.6	)		(2.9	)		2.2		(2.3	)
Total	$	(2.2	)	$	11.2	$	(2.6	)	$	(5.7	)	$	2.2	$	(2.3	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	0.5	$	—					$	0.2	$	—
Cost of Sales					10.7		—						2.0		—
SG&A					—		(2.6	)					—		(2.3	)
Total				$	11.2	$	(2.6	)				$	2.2	$	(2.3	)
	Six months ended June 30, 2015								Six months ended June 30, 2014
	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	$	(1.5	)	$	—	$	—		$	(3.5	)	$	—	$	—
Foreign currency contracts		9.4			18.6		(3.5	)		(2.3	)		4.2		(3.9	)
Total	$	7.9		$	18.6	$	(3.5	)	$	(5.8	)	$	4.2	$	(3.9	)
Location of gain/(loss) in the consolidated results of operations:
Sales				$	0.8	$	—					$	1.0	$	—
Cost of Sales					17.8		—						3.2		—
SG&A					—		(3.5	)					—		(3.9	)
Total				$	18.6	$	(3.5	)				$	4.2	$	(3.9	)

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

(b) Represents portion excluded from effectiveness testing.

At June 30, 2015, deferred net gains of approximately $17 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 six months ended June 30, 2015 and 2014 related to derivative financial instruments not designated as effective hedges:

	Gain/(Loss) Recognized in Income (a)
	Three months ended June 30,						Six months ended June 30,
(in millions)	2015			2014			2015		2014
Derivatives not designated as effective hedges:
Cash flow hedges:
Foreign currency contracts	$	(9.0	)	$	(1.4	)	$	5.2	$	(6.4	)
Commodity contracts		2.5			0.5			0.7		0.9
Total	$	(6.5	)	$	(0.9	)	$	5.9	$	(5.5	)

(a) Classified in SG&A.

Net Investment Hedge

The Company has designated €300 of the principal balance of its Euro-denominated 3 ³⁄₄% senior notes due October 2021 (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 June 30, 2015, $45.1 of after-tax deferred gains have been recorded in AOCI.

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Contingencies

6 Months Ended

Jun. 30, 2015

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 and/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 uncertainties 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 June 30, 2015.

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 its consolidated financial position, results of operations or cash flows.

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 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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Income Tax Provision Benefit Allocated to Components of Other Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Tax Components Of Other Comprehensive Income Loss [Line Items]
Cumulative translation adjustment	$ 3.3		$ (8.7)
Derivative financial instruments	3.7	$ 2.3	2.9	$ 3.1
Accrued benefit cost	(0.4)	(0.4)	(1.5)	(0.8)
Unrealized gain on investment		(1.5)		(1.5)
Income tax (provision) benefit related to OCI	$ 6.6	$ 0.4	$ (7.3)	$ 0.8

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Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 729.9	$ 1,164.8	$ 665.3	$ 1,128.5
Accounts receivable	1,256.5	1,277.9
Inventories	1,884.0	1,504.7
Other current assets	386.7	370.6
Total current assets	4,257.1	4,318.0
Property, plant and equipment, net	810.4	849.9
Goodwill	2,885.2	2,880.2
Intangibles, net	2,579.0	2,598.5
Other non-current assets	150.0	152.7
Total assets	10,681.7	10,799.3
Short-term debt and current portion of long-term debt	588.5	594.9
Accounts payable	800.1	809.9
Other current liabilities	597.3	672.4
Total current liabilities	1,985.9	2,077.2
Long-term debt	4,437.0	4,464.0
Deferred taxes on income	1,228.7	1,222.1
Other non-current liabilities	439.7	426.7
Total stockholders' equity	2,590.4	2,609.3
Total liabilities and stockholders' equity	10,681.7	10,799.3
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Intercompany receivables	(7,370.0)	(13,947.5)
Investment in subsidiaries	(9,088.0)	(9,140.4)
Total assets	(16,458.0)	(23,087.9)
Intercompany payables	(7,370.0)	(13,947.5)
Total stockholders' equity	(9,088.0)	(9,140.4)
Total liabilities and stockholders' equity	(16,458.0)	(23,087.9)
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	377.0	728.8	279.1	630.8
Other current assets	33.3	38.3
Total current assets	410.3	767.1
Property, plant and equipment, net	53.2	47.0
Intercompany receivables	2,875.0	4,641.2
Investment in subsidiaries	7,171.8	7,111.3
Other non-current assets	50.4	56.4
Total assets	10,560.7	12,623.0
Short-term debt and current portion of long-term debt	47.0	47.0
Accounts payable	3.0	8.7
Other current liabilities	61.4	63.6
Total current liabilities	111.4	119.3
Long-term debt	4,416.4	4,442.0
Intercompany payables	3,148.1	5,197.4
Deferred taxes on income	120.4	100.4
Other non-current liabilities	174.0	154.6
Total stockholders' equity	2,590.4	2,609.3
Total liabilities and stockholders' equity	10,560.7	12,623.0
Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	5.2	9.3	8.1	13.5
Accounts receivable	4.4	1.2
Inventories	1,180.8	919.4
Other current assets	238.7	161.7
Total current assets	1,429.1	1,091.6
Property, plant and equipment, net	466.1	456.5
Goodwill	2,572.2	2,572.0
Intangibles, net	2,345.4	2,350.7
Intercompany receivables	2,385.0	4,758.6
Investment in subsidiaries	1,916.2	2,029.1
Other non-current assets	26.3	26.9
Total assets	11,140.3	13,285.4
Short-term debt and current portion of long-term debt	1.5	1.6
Accounts payable	524.0	529.8
Other current liabilities	304.0	337.4
Total current liabilities	829.5	868.8
Long-term debt	3.5	4.2
Intercompany payables	1,877.0	4,044.0
Deferred taxes on income	1,028.1	1,039.3
Other non-current liabilities	149.2	160.5
Total stockholders' equity	7,253.0	7,168.6
Total liabilities and stockholders' equity	11,140.3	13,285.4
Non-Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	347.7	426.7	$ 378.1	$ 484.2
Accounts receivable	1,252.1	1,276.7
Inventories	703.2	585.3
Other current assets	114.7	170.6
Total current assets	2,417.7	2,459.3
Property, plant and equipment, net	291.1	346.4
Goodwill	313.0	308.2
Intangibles, net	233.6	247.8
Intercompany receivables	2,110.0	4,547.7
Other non-current assets	73.3	69.4
Total assets	5,438.7	7,978.8
Short-term debt and current portion of long-term debt	540.0	546.3
Accounts payable	273.1	271.4
Other current liabilities	231.9	271.4
Total current liabilities	1,045.0	1,089.1
Long-term debt	17.1	17.8
Intercompany payables	2,344.9	4,706.1
Deferred taxes on income	80.2	82.4
Other non-current liabilities	116.5	111.6
Total stockholders' equity	1,835.0	1,971.8
Total liabilities and stockholders' equity	$ 5,438.7	$ 7,978.8

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Accumulated Other Comprehensive Income (Loss) - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Benefit plans expenses reclassified from accumulated OCI to income	$ 1.7	$ 1.1	$ 3.4	$ 2.3
Gain/(Loss), Reclassified from AOCI to Income	$ 11.2	$ 2.2	$ 18.6	$ 4.2

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Restructuring Costs (Tables)

6 Months Ended

Jun. 30, 2015

Accrued Restructuring Costs Activity

Details and the activity related to accrued restructuring costs as of and for the six months ended June 30, 2015 are as follows:

(in millions)	Accrual Balance at December 31, 2014		Restructuring Costs, net		Payments			Foreign Currency and Other			Accrual Balance at June 30, 2015
Severance and other employee-related	$	5.4	$	0.7	$	(3.4	)	$	(0.4	)	$	2.3
Other costs		5.4		3.8		(3.1	)		(0.1	)		6.0
Total	$	10.8	$	4.5	$	(6.5	)	$	(0.5	)	$	8.3

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Gain and Loss Activity Related to Derivative Financial Instruments Designated as Effective Hedges (Detail) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Reclassified from AOCI to Income		$ 11.2		$ 2.2		$ 18.6	$ 4.2
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Reclassified from AOCI to Income		11.2		2.2		18.6	4.2
Gain/(Loss), Recognized in Income	[1]	(2.6)		(2.3)		(3.5)	(3.9)
Designated as Hedging Instrument | Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Recognized in OCI		(2.2)	[2]	(5.7)	[2]	7.9	(5.8)	[2]
Gain/(Loss), Reclassified from AOCI to Income		11.2		2.2		18.6	4.2
Gain/(Loss), Recognized in Income	[1]	(2.6)		(2.3)		(3.5)	(3.9)
Designated as Hedging Instrument | Cash flow hedges | Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Recognized in OCI		1.4	[2]	(2.8)	[2]	(1.5)	(3.5)	[2]
Designated as Hedging Instrument | Cash flow hedges | Foreign Exchange Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Recognized in OCI		(3.6)	[2]	(2.9)	[2]	9.4	(2.3)	[2]
Gain/(Loss), Reclassified from AOCI to Income		11.2		2.2		18.6	4.2
Gain/(Loss), Recognized in Income	[1]	(2.6)		(2.3)		(3.5)	(3.9)
Designated as Hedging Instrument | Unrealized Gain Loss On Derivatives | Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Reclassified from AOCI to Income		0.5		0.2		0.8	1.0
Designated as Hedging Instrument | Unrealized Gain Loss On Derivatives | Cost of Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Reclassified from AOCI to Income		10.7		2.0		17.8	3.2
Designated as Hedging Instrument | Unrealized Gain Loss On Derivatives | SG&A
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Recognized in Income	[1]	$ (2.6)		$ (2.3)		$ (3.5)	$ (3.9)

[1] Represents portion excluded from effectiveness testing.

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

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Segment Information

6 Months Ended

Jun. 30, 2015

Segment Information

15. Segment Information

The Company reports four business segments: Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. The majority of the Company’s sales are 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 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, air fresheners, 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, foam coolers, fresh preserving jars and accessories, home decor accessories, home fragrance products, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, premium scented candles and accessories, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, travel sprays, window guards and other accessories. This segment markets our products under the Aviator^®, Ball^®, Bee^®, Bernardin^®, Bicycle^®, Billy Boy^®, BRK^®, Crawford^®, Diamond^®, Fiona^®, First Alert^®, First Essentials^®, Hoyle^®, Java-Log^®, KEM^®, Kerr^®, Lehigh^®, Lifoam^®, Lillo^®, Loew-Cornell^®, Mapa^®, Millefiori^®, NUK^®, Pine Mountain^®, ProPak^®, Quickie Green Cleaning^®, Quickie Home-Pro^®, Quickie Microban^®, Quickie Original^®, Quickie Professional^®, Spontex^®, Tigex^®, Wellington^® and Yankee Candle^® brand names, among others.

The Consumer Solutions segment manufactures or sources, markets, and distributes a diverse line of household products, including kitchen appliances and home environment products. This segment maintains a strong portfolio of globally-recognized brands including Bionaire^®, Cadence^®, Crock-Pot^®, FoodSaver^®, Health o meter^®, Holmes^®, Mr. Coffee^®, Oster^®, Patton^®, Rainbow^®, Rival^®, Seal-a-Meal^®, Sunbeam^® and Villaware^®. The principal products in this segment include: household kitchen appliances, such as blenders, coffeemakers, irons, mixers, slow cookers, tea kettles, toasters, toaster ovens and vacuum packaging machines; home environmental products, such as air purifiers, fans, heaters, humidifiers and vacuum cleaning systems; clippers, trimmers and other hair care products for professional use in the beauty and barber and animal categories; electric blankets, mattress pads and throws; products for the hospitality industry; and scales for consumer use. The Consumer Solutions segment also has rights to sell various small appliance products, in substantially all of Europe under the Breville^® brand name.

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, 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 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^®. Water sports equipment, personal flotation devices and all-terrain vehicle gear are sold under brand names such as Helium^®, Hodgman^®, MadDog Gear^®, Sevylor^®, Sospenders^® and Stearns^®. The Company also sells high performance technical and outdoor apparel and equipment under brand names such as CAPP3L^®, Dalbello^®, Ex Officio^®, K2^®, Marker^®, Marmot^®, Planet Earth^®, Ride^®, Squadra^®, Völkl^® and Zoot^®, and premium air beds under the AeroBed^® brand. The Outdoor Solutions Segment also sells a variety of products sold internationally under brand names such as Campingaz^®, Esky^®, Greys^®, Hardy^® and Invicta^®.

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 a leading 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 six months ended June 30, 2015 and 2014 is as follows:

	Three months ended June 30, 2015
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	677.3		$	473.6		$	753.3		$	124.6		$	(23.1	)	$	2,005.7		$	—		$	2,005.7
Segment earnings (loss)		115.9			64.2			84.9			19.5			—			284.5			(25.8	)		258.7
Adjustments to reconcile to reported operating earnings (loss):
Restructuring costs, net		(1.9	)		—			—			—			—			(1.9	)		—			(1.9	)
Acquisition-related and other costs		(5.5	)		(4.5	)		(6.5	)		—			—			(16.5	)		(1.2	)		(17.7	)
Depreciation and amortization		(21.3	)		(9.3	)		(14.2	)		(3.0	)		—			(47.8	)		(1.7	)		(49.5	)
Operating earnings (loss)	$	87.2		$	50.4		$	64.2		$	16.5		$	—		$	218.3		$	(28.7	)	$	189.6
Other segment data:
Total assets	$	4,331.1		$	2,466.1		$	3,009.9		$	213.2		$	—		$	10,020.3		$	661.4		$	10,681.7

	Three months ended June 30, 2014
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	684.4		$	445.6		$	754.9		$	111.8		$	(21.6	)	$	1,975.1		$	—		$	1,975.1
Segment earnings (loss)		105.5			55.3			100.2			18.3			—			279.3			(20.8	)		258.5
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		—			(1.3	)		—			—			—			(1.3	)		—			(1.3	)
Restructuring costs, net		—			(0.7	)		(1.6	)		—			—			(2.3	)		—			(2.3	)
Acquisition-related and other costs		(1.4	)		(1.0	)		(5.2	)		—			—			(7.6	)		(0.5	)		(8.1	)
Venezuela-related charges		—			—			—			—			—			—			(9.6	)		(9.6	)
Depreciation and amortization		(21.9	)		(6.7	)		(14.3	)		(2.8	)		—			(45.7	)		(1.4	)		(47.1	)
Operating earnings (loss)	$	82.2		$	45.6		$	79.1		$	15.5		$	—		$	222.4		$	(32.3	)	$	190.1

	Six months ended June 30, 2015
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,322.6		$	852.8		$	1,378.2		$	228.7		$	(45.1	)	$	3,737.2		$	—		$	3,737.2
Segment earnings (loss)		190.5			94.3			125.3			30.8			—			440.9			(83.2	)		357.7
Adjustments to reconcile to reported operating earnings (loss):
Restructuring costs, net		(2.5	)		—			—			—			—			(2.5	)		(2.0	)		(4.5	)
Acquisition-related and other costs		(9.9	)		(9.2	)		(14.7	)		—			—			(33.8	)		(3.0	)		(36.8	)
Venezuela-related charges		—			—			—			—			—			—			(60.6	)		(60.6	)
Depreciation and amortization		(41.8	)		(19.0	)		(27.3	)		(5.8	)		—			(93.9	)		(3.1	)		(97.0	)
Operating earnings (loss)	$	136.3		$	66.1		$	83.3		$	25.0		$	—		$	310.7		$	(151.9	)	$	158.8

	Six months ended June 30, 2014
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	1,306.2		$	789.6		$	1,439.0		$	214.1		$	(42.0	)	$	3,706.9		$	—		$	3,706.9
Segment earnings (loss)		180.5			91.8			155.5			30.6			—			458.4			(73.6	)		384.8
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		—			(1.3	)		—			—			—			(1.3	)		—			(1.3	)
Restructuring costs, net		—			(1.0	)		(1.6	)		—			—			(2.6	)		—			(2.6	)
Acquisition-related and other costs		(6.4	)		(4.0	)		(10.4	)		—			—			(20.8	)		(0.5	)		(21.3	)
Venezuela-related charges		—			—			—			—			—			—			(13.6	)		(13.6	)
Depreciation and amortization		(41.9	)		(14.4	)		(28.1	)		(5.6	)		—			(90.0	)		(2.7	)		(92.7	)
Operating earnings (loss)	$	132.2		$	71.1		$	115.4		$	25.0		$	—		$	343.7		$	(90.4	)	$	253.3

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Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2015

Property Plant and Equipment Net

Property, plant and equipment, net, is comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015			December 31, 2014
Land	$	56.8		$	62.5
Buildings		442.1			460.1
Machinery and equipment		1,368.0			1,311.4
Construction-in-progress		79.2			98.8
		1,946.1			1,932.8
Less: Accumulated depreciation		(1,135.7	)		(1,082.9	)
Total property, plant and equipment, net	$	810.4		$	849.9

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Derivative and Other Hedging Financial Instruments - Additional Information (Detail) - Jun. 30, 2015 € in Millions	USD ($)	EUR (€)
Derivative [Line Items]
Deferred net gains within AOCI expected to be reclassified to earnings over the next twelve months	$ 17,000,000
3 3/4% Senior Notes Due in October 2021 | Euro-Denominated
Derivative [Line Items]
Debt instrument, principal balance designated as investment hedge | €		€ 300
Interest rate of debt instrument	3.75%	3.75%
Senior notes, maturity period	2021-10
Net Investment Hedging | 3 3/4% Senior Notes Due in October 2021
Derivative [Line Items]
Deferred gain (loss) on net investment hedge recorded in AOCI, net of tax	$ 45,100,000
Interest Rate Swap | Fair value derivatives
Derivative [Line Items]
Notional amount	$ 650,000,000
Derivative weighted average basis spread on variable rate	6.05%	6.05%
Swap | Cash flow hedges
Derivative [Line Items]
Notional amount	$ 850,000,000
Derivative maturity date	June 2020
Weighted average fixed rate of interest swaps	1.30%	1.30%
Forward-Starting Swaps | Cash flow hedges
Derivative [Line Items]
Notional amount	$ 350,000,000
Effective date of swap agreement	Dec. 31, 2015
Foreign Exchange Contract | Cash flow hedges
Derivative [Line Items]
Notional amount	$ 616,000,000
Derivative maturity date	January 2017
Foreign Exchange Contract | Cash flow hedges | Derivatives that are not designated as effective hedges
Derivative [Line Items]
Notional amount	$ 408,000,000
Derivative maturity date	September 2016
Commodity Contract | Derivatives that are not designated as effective hedges
Derivative [Line Items]
Notional amount	$ 50,000,000
Derivative maturity date	December 2016

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Property, Plant and Equipment, Net (Detail) - Entity [Domain] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 1,946.1	$ 1,932.8
Less: Accumulated depreciation	(1,135.7)	(1,082.9)
Total property, plant and equipment, net	810.4	849.9
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	56.8	62.5
Building
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	442.1	460.1
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	1,368.0	1,311.4
Construction in Progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 79.2	$ 98.8

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Accounts receivable, allowances	$ 103.2	$ 119.7
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	300,000,000
Common stock, shares issued	233,300,000	233,300,000
Treasury stock, shares	40,700,000	41,300,000

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Property, Plant and Equipment

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment

4. Property, Plant and Equipment

Property, plant and equipment, net, is comprised of the following at June 30, 2015 and December 31, 2014:

(in millions)	June 30, 2015			December 31, 2014
Land	$	56.8		$	62.5
Buildings		442.1			460.1
Machinery and equipment		1,368.0			1,311.4
Construction-in-progress		79.2			98.8
		1,946.1			1,932.8
Less: Accumulated depreciation		(1,135.7	)		(1,082.9	)
Total property, plant and equipment, net	$	810.4		$	849.9

Depreciation of property, plant and equipment was $40.8 and $41.5 for the three months ended June 30, 2015 and 2014, respectively, and $79.8 and $81.2 for the six months ended June 30, 2015 and 2014, respectively.

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Components of Net Periodic Pension and Postretirement Benefit Expense (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension Benefits, Domestic
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 2.9	$ 3.6	$ 5.8	$ 7.3
Expected return on plan assets	(4.1)	(4.3)	(8.2)	(8.7)
Amortization, net	1.4	1.2	2.9	2.4
Net periodic expense	0.2	0.5	0.5	1.0
Pension Benefits, Foreign
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.6	0.6	1.1	1.1
Interest cost	0.4	0.6	0.8	1.2
Expected return on plan assets	(0.3)	(0.4)	(0.6)	(0.7)
Amortization, net	0.3	0.1	0.6	0.2
Net periodic expense	1.0	0.9	1.9	1.8
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.6	0.6	1.1	1.1
Interest cost	3.3	4.2	6.6	8.5
Expected return on plan assets	(4.4)	(4.7)	(8.8)	(9.4)
Amortization, net	1.7	1.3	3.5	2.6
Net periodic expense	$ 1.2	1.4	2.4	2.8
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Interest cost		0.1	0.1	0.2
Amortization, net		(0.2)	$ (0.1)	(0.3)
Net periodic expense		$ (0.1)		$ (0.1)

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Goodwill and Intangibles (Tables)

6 Months Ended

Jun. 30, 2015

Goodwill Activity

Goodwill activity for the six months ended June 30, 2015 is as follows:

								June 30, 2015
(in millions)	Net Book Value at December 31, 2014		Additions		Foreign Exchange and Other Adjustments			Gross Carrying Amount		Accumulated Impairment Charges			Net Book Value
Goodwill
Branded Consumables	$	1,385.1	$	—	$	(2.6	)	$	1,605.7	$	(223.2	)	$	1,382.5
Consumer Solutions		757.7		—		(4.9	)		752.8		—			752.8
Outdoor Solutions		715.7	$	15.9		(3.4	)		746.7		(18.5	)	$	728.2
Process Solutions		21.7		—		—			21.7		—			21.7
	$	2,880.2	$	15.9	$	(10.9	)	$	3,126.9	$	(241.7	)	$	2,885.2

Intangibles Activity

Intangibles activity for the six months ended June 30, 2015 is as follows:

(in millions)	Gross Carrying Amount at December 31, 2014		Additions		Accumulated Amortization and Foreign Exchange			Net Book Value at June 30, 2015		Amortization Periods (years)
Intangibles
Patents	$	9.3	$	—	$	(5.0	)	$	4.3	12-30
Manufacturing process and expertise		65.2		—		(47.7	)		17.5	3-7
Brand names		23.3		1.4		(11.9	)		12.8	4-20
Customer relationships and distributor channels		549.6		11.3		(120.5	)		440.4	10-35
Trademarks and tradenames		2,131.7		1.1		(28.8	)		2,104.0	indefinite
	$	2,779.1	$	13.8	$	(213.9	)	$	2,579.0

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Basis of Presentation and Significant Accounting Policies - Additional information (Detail) $ / shares in Units, $ in Millions			3 Months Ended			6 Months Ended		12 Months Ended
	Mar. 31, 2015 VEF / $	Nov. 24, 2014 $ / shares	Jun. 30, 2015 USD ($) $ / shares	Mar. 31, 2015 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) $ / shares	Jun. 30, 2014 USD ($)	Dec. 31, 2014 $ / shares VEF / $
Supplementary Information [Line Items]
Common stock, par value | $ / shares			$ 0.01			$ 0.01		$ 0.01
Stock-based compensation						$ 41.2	$ 41.0
Interest income			$ 0.5		$ 1.4	1.2	2.8
Stock Split
Supplementary Information [Line Items]
Stock split additional shares issuable		One additional share of common stock for every two shares of common stock
Stock split conversion ratio		1.5
Common stock, par value | $ / shares		$ 0.01
SG&A
Supplementary Information [Line Items]
Stock-based compensation			$ 2.3		6.1	41.2	41.0
Venezuela
Supplementary Information [Line Items]
Venezuela-related charges					$ 9.6	$ 60.6	$ 13.6
Impairment charge on non-monetary assets				$ 13.0
Foreign exchange-related charges				37.3
Venezuela | Official Rate
Supplementary Information [Line Items]
Foreign currency exchange rate | VEF / $								6.30
Venezuela | SICAD-II
Supplementary Information [Line Items]
Foreign currency exchange rate | VEF / $								50.0
Venezuela | SIMADI
Supplementary Information [Line Items]
Foreign currency exchange rate | VEF / $	193
Venezuela | SG&A
Supplementary Information [Line Items]
Venezuela-related charges				$ 60.6

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Restructuring Costs

6 Months Ended

Jun. 30, 2015

Restructuring Costs

14. Restructuring Costs

Details and the activity related to accrued restructuring costs as of and for the six months ended June 30, 2015 are as follows:

(in millions)	Accrual Balance at December 31, 2014		Restructuring Costs, net		Payments			Foreign Currency and Other			Accrual Balance at June 30, 2015
Severance and other employee-related	$	5.4	$	0.7	$	(3.4	)	$	(0.4	)	$	2.3
Other costs		5.4		3.8		(3.1	)		(0.1	)		6.0
Total	$	10.8	$	4.5	$	(6.5	)	$	(0.5	)	$	8.3