Sunbeam 2008 Annual Report Download - page 45

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4. Inventories
Inventories are stated at the lower-of-cost-or-market with cost being determined principally by the first-in, first-out method (“FIFO”),
and are comprised of the following at December 31, 2008 and 2007:
(In millions) 2008 2007
Raw materials and supplies $ 214.8 $ 203.5
Work-in-process 54.5 61.5
Finished goods 911.1 861.2
Total inventories $1,180.4 $ 1,126.2
5. Property, Plant and Equipment
Property, plant and equipment, net, consists of the following at December 31, 2008 and 2007:
(In millions) 2008 2007
Land $36.6 $32.0
Buildings 208.7 168.2
Machinery and equipment 697.8 642.7
943.1 842.9
Less: Accumulated depreciation (436.2) (332.0)
Total property, plant and equipment, net $ 506.9 $ 510.9
Depreciation of property, plant and equipment for 2008, 2007 and 2006 was $104.3, $85.0 and $62.9, respectively.
6. Goodwill and Intangibles
Goodwill activityfor 2008 and 2007 is as follows:
Foreign Net Book Value
Net Book Value Purchase Exchange Value At
at December 31, Accounting Impairment and Other December 31,
(In millions) 2007 Acquisitions Adjustments (1) Charge Adjustments 2008
Goodwill
Outdoor Solutions $ 630.3 $ — $ 16.5 $ (18.5) $ (2.7) $ 625.6
Consumer Solutions 484.2 — — — (3.1) 481.1
Branded Consumables 496.3 — — (153.8) 5.3 347.8
Process Solutions — 0.6 21.1 — (0.1) 21.6
$1,610.8 $0.6 $37.6 $(172.3) $ (0.6) $ 1,476.1
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2008 (Dollars in millions, except per share data and unless otherwise indicated)
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