Sunbeam 2011 Annual Report Download - page 71

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69
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2011 (Dollars in millions, except per share data and unless otherwise indicated)
2011
(In millions)
Outdoor
Solutions
Consumer
Solutions
Branded
Consumables
Process
Solutions
Intercompany
Eliminations
Total
Operating
Segments
Corporate/
Unallocated Consolidated
Net Sales $ 2,772.1 $ 1,880.3 $ 1,734.4 $ 351.2 $ (58.1) $ 6,679.9 $ — $ 6,679.9
Segment earnings (loss) 344.6 274.7 237.9 37.7 — 894.9 (104.1) 790.8
Adjustments to reconcile to reported
operating earnings (loss):
Fair value adjustment to inventory — — (6.9) — — (6.9) — (6.9)
Reorganization costs (13.5) (2.1) (6.4) (1.4) — (23.4) — (23.4)
Acquisition-related
and other costs (1) 7.1 (4.8) (10.8) (2.0) — (10.5) (10.9) (21.4)
Impairment of goodwill, intangibles
and other assets — — (52.5) — — (52.5) — (52.5)
Depreciation and amortization (61.8) (31.1) (55.9) (12.4) — (161.2) (2.5) (163.7)
Operating earnings (loss) $ 276.4 $ 236.7 $ 105.4 $ 21.9 $ — $ 640.4 $ (117.5) $ 522.9
Other segment data:
Total assets $ 2,810.3 $ 1,855.9 $ 1,801.8 $ 186.9 $ — $ 6,654.9 $ 461.8 $ 7,116.7
Capital expenditures 61.4 23.2 31.6 8.6 — 124.8 2.1 126.9
2010
(In millions)
Outdoor
Solutions
Consumer
Solutions
Branded
Consumables
Process
Solutions
Intercompany
Eliminations
Total
Operating
Segments
Corporate/
Unallocated Consolidated
Net Sales $ 2,518.7 $ 1,869.6 $ 1,345.3 $ 342.7 $ (53.6) $ 6,022.7 $ — $ 6,022.7
Segment earnings (loss) 300.9 266.2 195.0 37.1 — 799.2 (89.1) 710.1
Adjustments to reconcile to reported
operating earnings (loss):
Fair value adjustment to inventory (2.1) — (25.3) — — (27.4) — (27.4)
Acquisition-related
and other costs (2) (7.4) (4.0) (3.4) — — (14.8) (27.5) (42.3)
Venezuela hyperinflationary and
devaluation charges (see Note 1) — — — — — — (70.6) (70.6)
Impairment of goodwill
and intangibles (0.7) (0.7) (18.3) — — (19.7) — (19.7)
Depreciation and amortization (62.1) (28.1) (39.0) (12.1) — (141.3) (1.5) (142.8)
Operating earnings (loss) $ 228.6 $ 233.4 $ 109.0 $ 25.0 $ — $ 596.0 $ (188.7) $ 407.3
Other segment data:
Total assets $ 2,785.4 $ 1,818.6 $ 1,897.1 $ 200.5 $ — $ 6,701.6 $ 391.4 $ 7,093.0
Capital expenditures 48.0 24.3 30.7 7.5 — 110.5 27.0 137.5
Segment information as of and for the years ended December 31, 2011, 2010 and 2009 is as follows: