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70 Jarden Corporation Annual Report 2012
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2012 (Dollars in millions, except per share data and unless otherwise indicated)
(a) Represents cumulative stock-based compensation related to certain restricted share awards where compensation expense was not previously
recognized as the achievement of the performance targets was not deemed probable (see Note 13).
(b) Consolidated amount is net of gain on the sale of certain domestic assets recorded in the Outdoor Solutions segment.
(c) Comprised of $52.4 of acquisition-related and other charges, which primarily relate to acquisitions (see Note 3) and a $10.1 mark-to-market gain
associated with the Company’s Euro-denominated debt and intercompany loans.
Note: Intersegment sales are recorded at cost plus an agreed upon profit.
Geographic Information
Geographic information as of and for the years ended December 31, 2012, 2011 and 2010 is as follows:
18. Accumulated Other Comprehensive Income (Loss)
The components of AOCI at December 31, 2012 and 2011 are as follows:
(In millions) Domestic International Total
2012
Net sales $ 4,078.5 $ 2,617.6 $ 6,696.1
Long-lived assets 344.3 334.3 678.6
2011
Net sales $ 4,082.7 $ 2,597.2 $ 6,679.9
Long-lived assets 309.9 306.0 615.9
2010
Net sales $ 3,830.4 $ 2,192.3 $ 6,022.7
(In millions) 2012 2011
Foreign currency translation adjustment $ 17.7 $ 4.0
Derivative financial instruments and other, net (1.3) 1.1
Accrued benefit costs, net (70.1) (61.8)
Available-for-sale securities, net 0.3 —
Total $ (53.4) $ (56.7)
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 (c) (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:
Capital expenditures $ 48.0 $ 24.3 $ 30.7 $ 7.5 $ — $ 110.5 $ 27.0 $ 137.5