Graco 2008 Annual Report Download - page 71

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Newell Rubbermaid Inc. 2008 Annual Report
69
The Company’s segment results are as follows as of and for the years ended December 31, (in millions):
2008 2007 2006
Net sales (1)
Cleaning, Organization & Décor $2,147.3 $2,096.4 $1,995.7
Office Products 2,005.8 2,042.3 2,031.6
Tools & Hardware 1,200.3 1,288.7 1,262.2
Other (Home & Family) 1,117.2 979.9 911.5
$6,470.6 $6,407.3 $6,201.0
Operating income (2)
Cleaning, Organization & Décor $ 238.6 $ 273.3 $ 209.1
Office Products 215.8 317.9 287.0
Tools & Hardware 145.3 181.5 185.0
Other (Home & Family) 102.7 135.6 117.9
Corporate (81.9) (82.0) (76.0)
Impairment charges (299.4) — —
Restructuring costs (120.3) (86.0) (66.4)
$ 200.8 $ 740.3 $ 656.6
Depreciation and amortization
Cleaning, Organization & Décor $ 58.9 $ 57.8 $ 67.9
Office Products 49.7 52.2 55.9
Tools & Hardware 28.0 33.6 34.2
Other (Home & Family) 16.2 10.1 11.7
Corporate 30.5 23.3 23.6
$ 183.3 $ 177.0 $ 193.3
Capital expenditures (3)
Cleaning, Organization & Décor $ 39.9 $ 40.8 $ 22.1
Office Products 20.9 25.4 29.7
Tools & Hardware 21.8 13.1 15.6
Other (Home & Family) 7.0 9.3 7.7
Corporate 68.2 68.7 62.1
$ 157.8 $ 157.3 $ 137.2
Identifiable assets
Cleaning, Organization & Décor $ 821.6 $ 794.3
Office Products 1,201.7 1,451.6
Tools & Hardware 666.5 771.2
Other (Home & Family) 502.3 344.6
Corporate (4) 3,600.4 3,321.2
$6,792.5 $6,682.9
In the first quarter of 2009, the Company consolidated its segment structure from four to three segments as part of its reorganization to realize
structural cost efficiencies.