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Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2010 (Dollars in millions, except per share data and unless otherwise indicated)
Year Ended December 31, 2010
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Net Sales $ — $ 3,689.1 $ 2,452.5 $ (118.9) $ 6,022.7
Costs and expenses 126.3 3,273.3 2,334.7 (118.9) 5,615.4
Operating (loss) earnings (126.3) 415.8 117.8 — 407.3
Other expense, net 57.0 169.2 74.4 — 300.6
Equity in the income of subsidiaries 290.0 37.8 — (327.8) —
Net income (loss) $ 106.7 $ 284.4 $ 43.4 $ (327.8) $ 106.7
Year Ended December 31, 2009
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Net Sales $ — $ 3,395.0 $ 1,890.7 $ (133.1) $ 5,152.6
Costs and expenses 114.3 3,057.0 1,727.5 (133.1) 4,765.7
Operating (loss) earnings (114.3) 338.0 163.2 — 386.9
Other expense, net 13.7 186.8 57.7 — 258.2
Equity in the income of subsidiaries 256.7 102.6 — (359.3) —
Net income (loss) $ 128.7 $ 253.8 $ 105.5 $ (359.3) $ 128.7
Year Ended December 31, 2008
(In millions) Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Net Sales $ — $ 3,515.0 $ 2,046.1 $ (177.8) $ 5,383.3
Costs and expenses 76.5 3,470.3 1,868.2 (177.8) 5,237.2
Operating (loss) earnings (76.5) 44.7 177.9 — 146.1
Other expense, net 27.4 110.1 67.5 — 205.0
Equity in the income of subsidiaries 45.0 117.6 — (162.6) —
Net income (loss) $ (58.9) $ 52.2 $ 110.4 $ (162.6) $ (58.9)
19. Condensed Consolidating Financial Data
The Company’s Senior Notes and Senior Subordinated Notes (see Note 9) are fully guaranteed, jointly and severally, by certain of
the Company’s domestic subsidiaries (“Guarantor Subsidiaries”). The Company’s non-United States subsidiaries and those domestic
subsidiaries who are not guarantors (“Non-Guarantor Subsidiaries”) are not guaranteeing these notes. Presented below is the
condensed consolidating financial data of the Company (“Parent”), the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries
on a consolidated basis as of and for the years ended December 31, 2010, 2009 and 2008.
Condensed Consolidating Results of Operations
65