Sunbeam 2010 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2010 Sunbeam annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 72

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72

Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2010 (Dollars in millions, except per share data and unless otherwise indicated)
2009 Activity
During 2009, the Company completed three tuck-in acquisitions that by nature are complementary to the Company’s core
businesses and from an accounting standpoint were not significant.
2008 Activity
The Company did not complete any acquisitions in 2008.
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, 2010 and 2009:
5. Property, Plant and Equipment
Property, plant and equipment, net, is comprised of the following at December 31, 2010 and 2009:
Depreciation of property, plant and equipment for 2010, 2009 and 2008 was $127, $114 and $104, respectively.
6. Goodwill and Intangibles
Goodwill activity for 2010 and 2009 is as follows:
(In millions) 2010 2009
Raw materials and supplies $ 231.8 $ 190.5
Work-in-process 90.8 64.6
Finished goods 972.0 719.0
Total inventories $ 1,294.6 $ 974.1
(In millions) 2010 2009
Land $ 49.6 $ 37.6
Buildings 291.6 226.5
Machinery and equipment 973.9 780.5
1,315.1 1,044.6
Less: Accumulated depreciation (656.2) (538.9)
Total property, plant and equipment, net $ 658.9 $ 505.7
December 31, 2010
(In millions)
Net Book
Value at
December 31,
2009 Additions
Impairment
Charge
Foreign
Exchange
and Other
Adjustments
Gross
Carrying
Amount
Accumulated
Impairment
Charges
Net
Book
Value
Goodwill
Outdoor Solutions $ 660.6 $ 23.4 $ — $ — $ 702.5 $ (18.5) $ 684.0
Consumer Solutions 491.5 — — 1.1 492.6 — 492.6
Branded Consumables 344.8 226.4 (17.3) 0.4 738.2 (183.9) 554.3
Process Solutions 21.5 — — — 21.5 — 21.5
$ 1,518.4 $ 249.8 $ (17.3) $ 1.5 $ 1,954.8 $ (202.4) $ 1,752.4
38