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Newell Rubbermaid Inc. 2008 Annual Report
70
Geographic Area Information
2008 2007 2006
Net sales
U.S. $4,447.2 $4,624.3 $4,603.4
Canada 413.4 425.7 387.9
North America 4,860.6 5,050.0 4,991.3
Europe 996.0 879.5 781.0
Central and South America 275.4 250.2 239.3
Other 338.6 227.6 189.4
$6,470.6 $6,407.3 $6,201.0
Operating income (loss) (2),(5)
U.S. $ 152.4 $ 572.4 $ 517.4
Canada 92.0 108.5 78.8
North America 244.4 680.9 596.2
Europe (98.9) 10.9 15.4
Central and South America 8.9 11.9 5.3
Other 46.4 36.6 39.7
$ 200.8 $ 740.3 $ 656.6
Property, plant and equipment, net
U.S. $ 428.8 $ 479.5
Canada 11.7 15.7
North America 440.5 495.2
Europe 114.1 121.1
Central and South America 22.2 30.7
Other 53.9 41.6
$ 630.7 $ 688.6
(1) All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to approximately 13% of consolidated net sales for each of the years ended
December 31, 2008 and 2007, and 12% of consolidated net sales for the year ended December 31, 2006, substantially across all segments.
(2) Operating income (loss) is net sales less cost of products sold, selling, general and administrative expenses. Certain headquarters expenses of an operational nature are allocated to business
segments and geographic areas primarily on a net sales basis.
(3) Capital expenditures associated with discontinued businesses have been excluded. Corporate capital expenditures are mainly related to the SAP implementation.
(4) Corporate assets primarily include goodwill, capitalized software, cash and deferred tax assets.
(5) The restructuring costs and impairment charges have been reflected in the appropriate geographic regions. The following table summarizes the restructuring costs and impairment charges
by region included in operating income above:
2008 2007 2006
Restructuring costs:
U.S. $ (80.9) $(32.5) $(21.2)
Canada — (0.1) (2.1)
North America (80.9) (32.6) (23.3)
Europe (38.7) (41.1) (33.1)
Central and South America — (5.1) (7.4)
Other (0.7) (7.2) (2.6)
$(120.3) $(86.0) $(66.4)
2008 2007 2006
Impairment charges:
U.S. $(129.9) $ — $ —
Canada — — —
North America (129.9) — —
Europe (169.5) — —
Central and South America — — —
Other — — —
$(299.4) $ — $ —