MERGER AND ACQUISITIONS Merger and Acquisitions (Tables) (WH Group)

8 Months Ended

Dec. 29, 2013

WH Group

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following is a summary of the preliminary allocation of the total purchase consideration to the estimated fair values of our assets acquired, liabilities assumed and noncontrolling interests by WH Group in the transaction:



	(in millions)
Cash and cash equivalents	$	250.5
Accounts receivable	764.6
Inventories	2,506.9
Prepaid expenses and other current assets	215.0
Property, plant and equipment	2,726.5
Goodwill	1,622.5
Investments	495.5
Intangible assets	1,403.0
Other assets	171.2
Assets acquired by WH Group	10,155.7

Current portion of long-term debt and capital lease obligations	239.1
Accounts payable	535.3
Accrued expenses and other current liabilities	577.0
Long-term debt and capital lease obligations	2,509.1
Net long-term pension liability	522.8
Deferred income taxes, net	695.4
Other liabilities	125.8
Liabilities assumed by WH Group	5,204.5

Redeemable noncontrolling interests and noncontrolling interests	48.2
Total purchase consideration	$	4,903.0

Business Acquisition, Pro Forma Information [Table Text Block]

The following unaudited pro forma financial data summarizes the Company's results of operations as if the Merger had occurred as of April 30, 2012. The pro forma data is for informational purposes only and may not necessarily reflect the actual results of operations had the Merger been consummated on April 30, 2012.



	Eight Months Ended		Fiscal Year Ended
	December 29, 2013		April 28, 2013
	(in million and unaudited)
Sales	$	9,573.7	$	13,221.1
Net income	192.9		219.6

The most significant pro forma adjustments were to reflect the impact of fair value step-ups of both assets and liabilities (e.g., inventory, property, plant and equipment, long-term debt) and fees and expenses related to the Merger noted above.