Black & Decker 2010 Annual Report Download - page 133

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Stanley Black & Decker, Inc.
Condensed Consolidating Statement of Operations
(Millions of Dollars)
Year Ended January 3, 2009
Parent
Stanley Black &
Decker, Inc.
Non-Guarantor
Subsidiaries Eliminations Consolidated
NET SALES ........................... $1,822.2 $3,096.4 $(492.4) $4,426.2
COSTS AND EXPENSES
Cost of sales ........................... 1,244.0 1,893.2 (382.4) 2,754.8
Selling, general and administrative ........... 499.0 718.6 (110.0) 1,107.6
Other-net .............................. 20.5 81.7 — 102.2
Restructuring charges and asset impairments .... 23.1 62.4 — 85.5
Interest expense, net...................... 77.8 5.1 — 82.9
1,864.4 2,761.0 (492.4) 4,133.0
Earnings (loss) from continuing operations
before income taxes and equity in earnings of
subsidiaries .......................... (42.2) 335.4 — 293.2
Income (benefit) taxes on continuing operations
before equity in earnings of subsidiaries ..... (27.1) 99.6 — 72.5
Equity in earnings of subsidiaries ............ 235.8 — (235.8) —
Earnings (loss) from continuing operations ..... 220.7 235.8 (235.8) 220.7
Less: Net earnings attributable to non-controlling
interests ............................. — 1.7 — 1.7
NET EARNINGS (LOSS) FROM
CONTINUING OPERATIONS ............ 220.7 234.1 (235.8) 219.0
NET EARNINGS FROM DISCONTINUED
OPERATIONS ........................ 74.5 13.4 — 87.9
NET EARNINGS (LOSS) ATTRIBUTABLE
TO STANLEY BLACK & DECKER, INC. . . $295.2 $247.5 $(235.8) $306.9
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