Black & Decker 2011 Annual Report Download - page 109

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97
Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Operations
(Millions of Dollars)
Year Ended January 2, 2010
Parent
Stanley Black
& Decker, Inc.
Non-Guarantor
Subsidiaries
Eliminations
Consolidated
NET SALES................................................................
.........................
$ 1,433.4
$ 2,560.9
$ (311.7) $ 3,682.6
COSTS AND EXPENSES
Cost of sales ................................................................
..........................
949.8
1,488.4
(248.0) 2,190.2
Selling, general and administrative ................................
.......................
437.3
642.2
(63.7) 1,015.8
Other, net ................................................................
..............................
(52.1) 146.7
—
94.6
Restructuring charges and asset impairments ................................
.......
20.7
18.1
—
38.8
Interest expense, net ................................................................
..............
55.0
5.6
—
60.6
1,410.7
2,301.0
(311.7) 3,400.0
Earnings from continuing operations before income taxes and
equity in earnings of subsidiaries ................................
.....................
22.7
259.9
—
282.6
Income taxes on continuing operations before equity in earnings
of subsidiaries ................................................................
..................
0.9
54.1
—
55.0
Equity in earnings of subsidiaries ................................
.........................
203.8
—
(203.8) —
Earnings from continuing operations ................................
....................
225.6
205.8
(203.8) 227.6
Less: Net earnings attributable to non-controlling interests
..................
—
2.0
—
2.0
Net earnings from continuing operations attributable to common
shareowners ................................................................
......................
225.6
203.8
(203.8) 225.6
Net (loss) from discontinued operations
................................
...............
(1.3) (1.3) 1.3
(1.3)
NET EARNINGS ATTRIBUTABLE TO COMMON
SHAREOWNERS
................................
................................
..........
$ 224.3
$ 202.5
$ (202.5) $ 224.3