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PARENT AND SUBSIDIARY DEBT GUARANTEES (Tables)
 12 Months Ended
Dec. 29, 2012
Guarantees [Abstract]  
Condensed Consolidating Statement Of Operations And Comprehensive Income
Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Operations and Comprehensive Income
(Unaudited, Millions of Dollars)
Year Ended December 29, 2012
 
 
Parent
Stanley Black
&  Decker, Inc.
 
The Black &
Decker
Corporation
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
NET SALES
$
1,396.2

 
$
—

 
$
9,163.2

 
$
(368.9
)
 
$
10,190.5

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Cost of sales
972.5

 
—

 
5,812.3

 
(298.9
)
 
6,485.9

Selling, general and administrative
696.7

 
19.6

 
1,874.1

 
(70.0
)
 
2,520.4

Other-net
(50.5
)
 
(100.2
)
 
452.6

 
—

 
301.9

Restructuring charges and asset impairments
3.4

 
—

 
171.7

 
—

 
175.1

Loss on debt extinguishment
9.2

 
36.3

 
—

 
—

 
45.5

Interest expense, net
93.1

 
38.7

 
2.3

 
—

 
134.1


1,724.4

 
(5.6
)
 
8,313.0

 
(368.9
)
 
9,662.9

(Loss) earnings from continuing operations before income taxes (benefit) and equity in earnings of subsidiaries
(328.2
)
 
5.6

 
850.2

 
—

 
527.6

Income taxes (benefit) on continuing operations before equity in earnings of subsidiaries
(105.9
)
 
2.8

 
182.0

 
—

 
78.9

Equity in earnings of subsidiaries
671.8

 
567.3

 
—

 
(1,239.1
)
 
—

Earnings from continuing operations
449.5

 
570.1

 
668.2

 
(1,239.1
)
 
448.7

Less: Net (loss) attributable to non-controlling interests
—

 
—

 
(0.8
)
 
—

 
(0.8
)
Net earnings from continuing operations attributable to common shareowners
449.5

 
570.1

 
669.0

 
(1,239.1
)
 
449.5

Net earnings from discontinued operations
434.3

 
458.7

 
460.4

 
(919.1
)
 
434.3

NET EARNINGS ATTRIBUTABLE TO COMMON SHAREOWNERS
$
883.8

 
$
1,028.8

 
$
1,129.4

 
$
(2,158.2
)
 
$
883.8

Total Comprehensive Income Attributable to Common Shareowners
$
845.0

 
$
570.0

 
$
1,163.7

 
$
(1,733.7
)
 
$
845.0

Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Operations and Comprehensive Income
(Unaudited, Millions of Dollars)
Year Ended December 31, 2011
 
 
Parent
Stanley Black
&  Decker, Inc.
 
The Black &
Decker
Corporation
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
NET SALES
$
1,380.2

 
$
—

 
$
8,420.2

 
$
(364.9
)
 
$
9,435.5

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Cost of sales
942.3

 
—

 
5,318.5

 
(293.5
)
 
5,967.3

Selling, general and administrative
647.3

 
3.0

 
1,802.0

 
(71.4
)
 
2,380.9

Other-net
(10.4
)
 
(87.7
)
 
353.8

 
—

 
255.7

Restructuring charges and asset impairments
7.0

 
—

 
62.3

 
—

 
69.3

Interest expense, net
76.0

 
49.8

 
(11.9
)
 
—

 
113.9


1,662.2

 
(34.9
)
 
7,524.7

 
(364.9
)
 
8,787.1

(Loss) earnings from continuing operations before income taxes (benefit) and equity in earnings of subsidiaries
(282.0
)
 
34.9

 
895.5

 
—

 
648.4

Income taxes (benefit) on continuing operations before equity in earnings of subsidiaries
(90.9
)
 
13.4

 
127.6

 
—

 
50.1

Equity in earnings of subsidiaries
789.5

 
525.0

 
—

 
(1,314.5
)
 
—

Earnings from continuing operations
598.4

 
546.5

 
767.9

 
(1,314.5
)
 
598.3

Less: Net (loss) attributable to non-controlling interests
—

 
—

 
(0.1
)
 
—

 
(0.1
)
Net earnings from continuing operations attributable to common shareowners
598.4

 
546.5

 
768.0

 
(1,314.5
)
 
598.4

Net earnings from discontinued operations
76.2

 
43.3

 
76.2

 
(119.5
)
 
76.2

NET EARNINGS ATTRIBUTABLE TO COMMON SHAREOWNERS
$
674.6

 
$
589.8

 
$
844.2

 
$
(1,434.0
)
 
$
674.6

Total Comprehensive Income Attributable to Common Shareowners
$
441.7

 
$
521.7

 
$
620.2

 
$
(1,141.9
)
 
$
441.7

Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Operations and Comprehensive Income
(Millions of Dollars)
Year Ended January 1, 2011
 
 
Parent
Stanley Black
&  Decker, Inc.
 
The Black &
Decker
Corporation
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
NET SALES
$
1,565.4

 
$
—

 
$
6,328.0

 
$
(396.5
)
 
$
7,496.9

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
 
Cost of sales
1,043.1

 
—

 
4,086.1

 
(322.6
)
 
4,806.6

Selling, general and administrative
560.9

 
96.3

 
1,420.7

 
(73.9
)
 
2,004.0

Other-net
38.4

 
(207.7
)
 
354.2

 
—

 
184.9

Restructuring charges and asset impairments
25.4

 
91.3

 
115.0

 
—

 
231.7

Interest expense, net
56.0

 
89.5

 
(44.4
)
 
—

 
101.1


1,723.8

 
69.4

 
5,931.6

 
(396.5
)
 
7,328.3

(Loss) earnings from continuing operations before income taxes (benefit) and equity in earnings of subsidiaries
(158.4
)
 
(69.4
)
 
396.4

 
—

 
168.6

Income taxes (benefit) on continuing operations before equity in earnings of subsidiaries
(35.6
)
 
(29.2
)
 
82.8

 
—

 
18.0

Equity in earnings of subsidiaries
273.4

 
138.7

 
—

 
(412.1
)
 
—

Earnings from continuing operations
150.6

 
98.5

 
313.6

 
(412.1
)
 
150.6

Less: Net earnings attributable to non-controlling interests
—

 
—

 
—

 
—

 
—

Net earnings from continuing operations attributable to common shareowners
150.6

 
98.5

 
313.6

 
(412.1
)
 
150.6

Net earnings from discontinued operations
47.6

 
24.0

 
47.6

 
(71.6
)
 
47.6

NET EARNINGS ATTRIBUTABLE TO COMMON SHAREOWNERS
$
198.2

 
$
122.5

 
$
361.2

 
$
(483.7
)
 
$
198.2

Total Comprehensive Income Attributable to Common Shareowners
$
158.4

 
$
(51.8
)
 
$
470.4

 
$
(418.6
)
 
$
158.4
Condensed Consolidating Balance Sheet
Stanley Black & Decker, Inc.
Condensed Consolidating Balance Sheet
(Millions of Dollars)
December 29, 2012
 
 
Parent
Stanley Black &
Decker, Inc.
 
The Black &
Decker
Corporation
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
83.5

 
$
1.5

 
$
631.0

 
$
—

 
$
716.0

Accounts and notes receivable, net
111.5

 
0.7

 
1,426.0

 
—

 
1,538.2

Inventories, net
139.9

 
—

 
1,176.7

 
—

 
1,316.6

Assets held for sale
—

 
—

 
133.4

 
—

 
133.4

Other current assets
46.8

 
—

 
347.3

 
—

 
394.1

Total Current Assets
381.7

 
2.2

 
3,714.4

 
—

 
4,098.3

Property, plant and equipment, net
217.4

 
—

 
1,116.3

 
—

 
1,333.7

Goodwill and intangible assets, net
148.2

 
1,415.1

 
8,392.4

 
—

 
9,955.7

Investment in subsidiaries
10,530.1

 
2,861.9

 
—

 
(13,392.0
)
 
—

Intercompany receivables
—

 
7,763.2

 
8,916.7

 
(16,679.9
)
 
—

Other assets
57.8

 
70.1

 
328.4

 
—

 
456.3

Total Assets
$
11,335.2

 
$
12,112.5

 
$
22,468.2

 
$
(30,071.9
)
 
$
15,844.0

LIABILITIES AND SHAREOWNERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
Short-term borrowings
$
—

 
$
—

 
$
1.1

 
$
—

 
$
1.1

Current maturities of long-term debt
5.3

 
2.8

 
2.3

 
—

 
10.4

Accounts payable and accrued expenses
288.6

 
37.7

 
2,705.3

 
—

 
3,031.6

Liabilities held for sale
—

 
—

 
30.3

 
—

 
30.3

Total Current Liabilities
293.9

 
40.5

 
2,739.0

 
—

 
3,073.4

Long-term debt
3,028.0

 
324.0

 
174.5

 
—

 
3,526.5

Other liabilities
(54.5
)
 
619.8

 
1,951.7

 
—

 
2,517.0

Intercompany payables
1,400.7

 
9,291.8

 
5,987.4

 
(16,679.9
)
 
—

Accumulated other comprehensive loss
(388.0
)
 
(701.2
)
 
(133.8
)
 
835.0

 
(388.0
)
Other shareowners’ equity
7,055.1

 
2,537.6

 
11,689.4

 
(14,227.0
)
 
7,055.1

Non-controlling interests
—

 
—

 
60.0

 
—

 
60.0

Total Shareowners' Equity
6,667.1

 
1,836.4

 
11,615.6

 
(13,392.0
)
 
6,727.1

Total Liabilities and Shareowners’ Equity
$
11,335.2

 
$
12,112.5

 
$
22,468.2

 
$
(30,071.9
)
 
$
15,844.0

Stanley Black & Decker, Inc.
Condensed Consolidating Balance Sheet
(Millions of Dollars)
December 31, 2011
 
 
Parent
Stanley Black &
Decker, Inc.
 
The Black &
Decker
Corporation
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
ASSETS
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
56.2

 
$
1.4

 
$
849.3

 
$
—

 
$
906.9

Accounts and notes receivable, net
97.8

 
—

 
1,347.2

 
—

 
1,445.0

Inventories, net
117.2

 
—

 
1,153.7

 
—

 
1,270.9

Assets held for sale
—

 
—

 
1,050.2

 
—

 
1,050.2

Other current assets
90.7

 
10.4

 
315.4

 
—

 
416.5

Total Current Assets
361.9

 
11.8

 
4,715.8

 
—

 
5,089.5

Property, plant and equipment, net
193.1

 
—

 
949.5

 
—

 
1,142.6

Goodwill and intangible assets, net
181.9

 
1,623.5

 
7,576.7

 
—

 
9,382.1

Investment in subsidiaries
10,196.8

 
3,978.4

 
—

 
(14,175.2
)
 
—

Intercompany receivables
—

 
9,210.6

 
8,700.4

 
(17,911.0
)
 
—

Other assets
35.8

 
55.2

 
243.8

 
—

 
334.8

Total Assets
$
10,969.5

 
$
14,879.5

 
$
22,186.2

 
$
(32,086.2
)
 
$
15,949.0

LIABILITIES AND SHAREOWNERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
Short-term borrowings
$
—

 
$
—

 
$
0.2

 
$
—

 
$
0.2

Current maturities of long-term debt
523.8

 
—

 
2.6

 
—

 
526.4

Accounts payable and accrued expenses
382.3

 
(0.8
)
 
2,207.9

 
—

 
2,589.4

Liabilities held for sale
—

 
—

 
213.9

 


 
213.9

Total Current Liabilities
906.1

 
(0.8
)
 
2,424.6

 
—

 
3,329.9

Long-term debt
1,722.2

 
1,031.9

 
171.7

 
—

 
2,925.8

Other liabilities
(32.3
)
 
167.2

 
2,491.6

 
—

 
2,626.5

Intercompany payables
1,369.9

 
8,502.6

 
8,038.5

 
(17,911.0
)
 
—

Accumulated other comprehensive loss
(349.2
)
 
(242.4
)
 
(168.1
)
 
410.5

 
(349.2
)
Other shareowners’ equity
7,352.8

 
5,421.0

 
9,164.7

 
(14,585.7
)
 
7,352.8

Non-controlling interests
—

 
—

 
63.2

 
—

 
63.2

Total Shareowners' Equity
7,003.6

 
5,178.6

 
9,059.8

 
(14,175.2
)
 
7,066.8

Total Liabilities and Shareowners’ Equity
$
10,969.5

 
$
14,879.5

 
$
22,186.2

 
$
(32,086.2
)
 
$
15,949.0
Condensed Consolidating Statement Of Cash Flows
Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Cash Flow
(Millions of Dollars)
Year Ended December 29, 2012
 
 
Parent
Stanley Black
& Decker, Inc.
 
The Black &
Decker
Corporation
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash (used in) provided by operating activities
$
(791.8
)
 
$
(67.9
)
 
$
1,825.9

 
$
—

 
$
966.2

Investing Activities

 

 

 

 

Capital expenditures
(63.0
)
 
—

 
(323.0
)
 
—

 
(386.0
)
Proceeds from sales of assets
0.9

 
—

 
8.7

 
—

 
9.6

Business acquisitions, net of cash acquired
(453.8
)
 
(2.5
)
 
(251.0
)
 
—

 
(707.3
)
Proceeds from sales of businesses, net of cash sold
146.0

 
10.0

 
1,104.6

 
—

 
1,260.6

Intercompany payables and receivables
1,797.1

 
1,686.8

 
—

 
(3,483.9
)
 
—

Other investing activities
3.8

 
2.0

 
—

 
—

 
5.8

Cash (used in) provided by investing activities
1,431.0

 
1,696.3

 
539.3

 
(3,483.9
)
 
182.7

Financing Activities

 

 

 

 

Payments on long-term debt
(771.3
)
 
(650.0
)
 
(1.0
)
 
—

 
(1,422.3
)
Proceeds from debt issuance
1,523.5

 
—

 
—

 
—

 
1,523.5

Net repayments on short-term borrowings
—

 
—

 
(19.0
)
 
—

 
(19.0
)
Stock purchase contract fees
(3.2
)
 
—

 
—

 
—

 
(3.2
)
Purchase of common stock for treasury
(1,073.9
)
 
—

 
—

 
—

 
(1,073.9
)
Net premium paid for equity option
(29.5
)
 
—

 
—

 
—

 
(29.5
)
Premium paid on debt extinguishment
(14.9
)
 
(76.1
)
 
—

 
—

 
(91.0
)
Termination of interest rate swaps
37.6

 
20.6

 
—

 
—

 
58.2

Termination of forward starting interest rate swaps
(102.6
)
 
—

 
—

 
—

 
(102.6
)
Proceeds from issuances of common stock
126.4

 
—

 
—

 
—

 
126.4

Cash dividends on common stock
(304.0
)
 
—

 
—

 
—

 
(304.0
)
Intercompany payables and receivables
—

 
(922.8
)
 
(2,561.1
)
 
3,483.9

 
—

Cash (used in) provided by financing activities
(611.9
)
 
(1,628.3
)
 
(2,581.1
)
 
3,483.9

 
(1,337.4
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
(2.4
)
 
—

 
(2.4
)
Increase (decrease) in cash and cash equivalents
27.3

 
0.1

 
(218.3
)
 
—

 
(190.9
)
Cash and cash equivalents, beginning of year
$
56.2

 
$
1.4

 
$
849.3

 
$
—

 
$
906.9

Cash and cash equivalents, end of year
$
83.5

 
$
1.5

 
$
631.0

 
$
—

 
$
716.0

Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Cash Flow
(Millions of Dollars)
Year Ended December 31, 2011
 
 
Parent
Stanley Black
& Decker, Inc.
 
The Black &
Decker
Corporation
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash (used in) provided by operating activities
$
(431.7
)
 
$
(92.6
)
 
$
1,523.2

 
$
—

 
$
998.9

Investing Activities

 

 

 

 

Capital expenditures
(61.9
)
 
—

 
(240.2
)
 
—

 
(302.1
)
Proceeds from sales of assets
—

 
—

 
29.4

 
—

 
29.4

Business acquisitions, net of cash acquired
—

 
—

 
(1,179.6
)
 
—

 
(1,179.6
)
Proceeds from sales of businesses, net of cash sold
—

 
—

 
27.1

 
—

 
27.1

Intercompany payables and receivables
342.8

 
1,563.6

 
—

 
(1,906.4
)
 
—

Other investing activities
(17.9
)
 
(18.1
)
 
(3.1
)
 
—

 
(39.1
)
Cash (used in) provided by investing activities
263.0

 
1,545.5

 
(1,366.4
)
 
(1,906.4
)
 
(1,464.3
)
Financing Activities

 

 

 

 

Payments on long-term debt
—

 
(400.0
)
 
(3.2
)
 
—

 
(403.2
)
Proceeds from debt issuance
420.1

 
—

 
0.9

 
—

 
421.0

Net repayments on short-term borrowings
—

 
—

 
(199.4
)
 
—

 
(199.4
)
Stock purchase contract fees
(3.2
)
 
—

 
—

 
—

 
(3.2
)
Purchase of common stock from treasury
(11.1
)
 
—

 
—

 
—

 
(11.1
)
Net premium paid for equity option
(19.6
)
 
—

 
—

 
—

 
(19.6
)
Proceeds from issuance of common stock
119.6

 
—

 
—

 
—

 
119.6

Cash dividends on common stock
(275.9
)
 
—

 
—

 
—

 
(275.9
)
Intercompany payables and receivables
—

 
(1,055.0
)
 
(851.4
)
 
1,906.4

 
—

Cash (used in) provided by financing activities
229.9

 
(1,455.0
)
 
(1,053.1
)
 
1,906.4

 
(371.8
)
Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
1.3

 
—

 
1.3

Increase (decrease) in cash and cash equivalents
61.2

 
(2.1
)
 
(895.0
)
 
—

 
(835.9
)
Cash and cash equivalents, beginning of year
(5.0
)
 
3.5

 
1,744.3

 
—

 
1,742.8

Cash and cash equivalents, end of year
$
56.2

 
$
1.4

 
$
849.3

 
$
—

 
$
906.9

Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Cash Flow
(Millions of Dollars)
Year Ended January 1, 2011
 
 
Parent
Stanley Black &
Decker, Inc.
 
The Black
& Decker
Corporation
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash (used in) provided by operating activities
$
(520.5
)
 
$
55.4

 
$
1,204.4

 
$
—

 
$
739.3

Investing Activities

 

 

 

 


Capital expenditures
(38.1
)
 
(2.6
)
 
(144.8
)
 
—

 
(185.5
)
Proceeds from sales of assets
5.7

 
0.9

 
4.4

 
—

 
11.0

Business acquisitions, net of cash acquired
(457.1
)
 
(15.1
)
 
(78.1
)
 
—

 
(550.3
)
Cash acquired from Black & Decker
—

 
1.8

 
947.6

 
—

 
949.4

Intercompany payables and receivables
498.0

 
453.5

 
—

 
(951.5
)
 
—

Other investing activities
(1.5
)
 
46.5

 
—

 
—

 
45.0

Cash (used in) provided by investing activities
7.0

 
485.0

 
729.1

 
(951.5
)
 
269.6

Financing Activities
 
 
 
 
 
 
 
 
 
Payments on long-term debt
(512.7
)
 
—

 
(3.1
)
 
—

 
(515.8
)
Proceeds from debt issuance
1,009.8

 
—

 
—

 
—

 
1,009.8

Net repayments on short-term borrowings
(88.7
)
 
(175.0
)
 
0.1

 
—

 
(263.6
)
Stock purchase contract fees
(7.7
)
 
—

 
—

 
—

 
(7.7
)
Purchase of common stock from treasury
(4.9
)
 
—

 
—

 
—

 
(4.9
)
Net premium paid for equity option
(50.3
)
 
—

 
—

 
—

 
(50.3
)
Termination of forward starting interest rate swaps
(48.4
)
 
—

 
—

 
—

 
(48.4
)
Proceeds from issuance of common stock
396.1

 
—

 
—

 
—

 
396.1

Cash dividends on common stock
(193.9
)
 
(7.7
)
 
—

 
—

 
(201.6
)
Intercompany payables and receivables
—

 
(354.2
)
 
(597.3
)
 
951.5

 
—

Cash (used in) provided by financing activities
499.3

 
(536.9
)
 
(600.3
)
 
951.5

 
313.6

Effect of exchange rate changes on cash and cash equivalents
—

 
—

 
22.2

 
—

 
22.2

Increase (decrease) in cash and cash equivalents
(14.2
)
 
3.5

 
1,355.4

 
—

 
1,344.7

Cash and cash equivalents, beginning of year
9.2

 
—

 
388.9

 
—

 
398.1

Cash and cash equivalents, end of year
$
(5.0
)
 
$
3.5

 
$
1,744.3

 
$
—

 
$
1,742.8