Black & Decker 2012 Annual Report Download - page 117

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103
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