Sunbeam 2007 Annual Report Download - page 86
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The estimated future amortization expense related to amortizable intangible assets at December 31, 2007 is
as follows (in millions):
Year Amount
2008 ...................................................................... $15.8
2009 ...................................................................... 15.2
2010 ...................................................................... 14.8
2011 ...................................................................... 12.9
2012 ...................................................................... 8.7
2013 and thereafter ........................................................... 97.8
Amortization of intangibles for 2007, 2006 and 2005 was $11.4, $3.5 and $1.5, respectively. At
December 31, 2007, approximately $1.8 billion of the goodwill and other intangible assets recorded by the
Company is not deductible for income tax purposes. Such amount is subject to change based upon purchase
accounting adjustments that may be made within the allocation period.
7. Other Current Liabilities
Other current liabilities are comprised of the following at December 31, 2007 and 2006 (in millions):
2007 2006
Cooperative advertising, customer rebates and allowances ................... $ 79.2 $ 89.1
Warranty and product liability reserves .................................. 98.1 88.6
Accrued environmental and other litigation ............................... 10.2 17.2
Deferred consideration for acquisitions .................................. 26.0 29.4
Other ............................................................. 174.3 67.0
Total other current liabilities ....................................... $387.8 $291.3
8. Warranty Reserve
2007 2006
(in millions)
Warranty reserve at January 1, ........................................ $ 78.1 $ 59.9
Acquisitions and other adjustments .................................... 13.0 17.7
Provision for warranties issued ....................................... 132.2 112.6
Warranty claims paid ............................................... (134.5) (112.1)
Warranty reserve at December 31, ..................................... $ 88.8 $ 78.1
Allocation in the consolidated balance sheets:
Other current liabilities .............................................. 78.2 66.9
Other non-current liabilities .......................................... 10.6 11.2
$ 88.8 $ 78.1
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