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57
Notes to Consolidated Financial Statements
Jarden Corporation 2006 Annual Report
5.PROPERTY, PLANT AND EQUIPMENT
Property, plant and equipment, net, consist of the following at December 31,2006 and 2005:
(in millions) 2006 2005
Land $ 25.2$23.8
Buildings 122.498.4
Machinery and equipment 443.3 374.5
590.9 496.7
Less: Accumulated depreciation (245.1)(176.1)
Total property, plant and equipment, net $345.8$320.6
As of December 31,2006,assets held under capital leases amounted to $25.8million and are included in “Machinery and
equipment” and “Buildings”. As of December 31,2005,assets held under capital leases amounted to $19.2million and are
included in “Machinery and equipment”.
Depreciation of property, plant and equipment for the years ended December 31,2006,2005 and 2004 was $62.9mil-
lion, $56.1million and $17.7million, respectively.
6.GOODWILL AND INTANGIBLES
Goodwill at December 31,2006 and 2005 is as follows:
Foreign Exchange
Net Book Value and Other Net Book Value at
(in millions) at January 1,2006 Acquisitions Adjustments December 31,2006
Goodwill
Branded consumables $ 437.9$48.8$11.1$497.8
Consumer solutions 588.34.2(102.8)489.7
Outdoor solutions 237.0.— (0.8)236.2
$1,263.2$53.0$ (92.5) $1,223.7
Foreign Exchange
Net Book Value and Other Net Book Value at
at January 1,2005 Acquisitions Adjustments December 31,2006
Goodwill
Branded consumables $ 376.5$61.4$.—$437.9
Consumer solutions 91.1496.7 0.5588.3
Outdoor solutions .—237.0.—237.0
$467.6$795.1$0.5$1,263.2
The purchase accounting adjustments to goodwill in 2006 and 2005 are primarily related to the fair valuation of the bal-
ance sheets of Holmes, AHI and USPC (see Note 3).