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59
Notes to Consolidated Financial Statements
Jarden Corporation 2006 Annual Report
7.OTHER CURRENT LIABILITIES
Other current liabilities is comprised of the following at December 31,2006 and 2005:
(in millions) 2006 2005
Cooperative advertising, customer rebates and allowances $ 89.1$79.2
Warranty and product liability reserves 88.673.2
Accrued environmental and other litigation 17.216.2
Professional fees 3.215.1
Freight and duties 7.07.3
Non-income taxes, licenses and fees 7.47.1
Other 49.435.0
Total other current liabilities $261.9$233.1
8. WARRANTYRESERVE
(in millions) 2006 2005
Warranty reserve at January 1, $ 59.9$0.3
Acquisitions and other adjustments 17.750.6
Provision for warranties issued 112.680.5
Warranty claims paid (112.1) (71.5)
Warranty reserve at December 31,$78.1$59.9
Allocation in the consolidated balance sheets:
Other current liabilities 66.9 54.0
Other non-current liabilities 11.25.9
$78.1$59.9
9.DEBT
Debt is comprised of the following as of December 31,2006 and 2005:
(in millions) 2006 2005
Senior Credit Facility Term Loans $1,177.5$1,263.1
93/4%Senior Subordinated Notes 179.9 179.9
Senior Credit Facility Revolver .—.—
Securitization Facility .—.—
Non-U.S. borrowings 58.2 61.9
Other (primarily capital leases) 25.8 19.9
Non-debt balances arising from interest rate swap activity (0.4)16.6
Total debt 1,441.0 1,541.4
Less: current portion (19.2)(86.3)
Total long-term debt $1,421.8$1,455.1
On January 29,2007,the Company launched a cash tender offer (the “Tender Offer”) for its $180 million aggregate
principal amount 9 3/4%Senior Subordinated Notes due 2012. As of the consent date, February 9,2007,the Company pur-
chased approximately $167 million, or approximately 93%of the aggregate principal amount outstanding of its 93/4%Senior
Subordinated Notes due 2012.In connection with such purchase, the Company also paid a tender premium of approximately
$9.5million, for such notes.