Sunbeam 2013 Annual Report Download - page 49

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Jarden Corporation Annual Report 2013 45
Notes to Consolidated Financial Statements
Jarden Corporation Annual Report 2013 (Dollars in millions, except per share data and unless otherwise indicated)
Other
For 2013 and 2012, cost of sales includes charges of $89.8 and $6.0, respectively, for the purchase accounting adjustment for the
elimination of manufacturer’s prot in inventory related to acquisitions.
For 2013 and 2012, SG&A includes $2.8 and $3.5, respectively, in transaction costs related to acquisitions.
4. Inventories
Inventories are stated at the lower-of-cost-or-market with cost being determined principally by the rst-in, rst-out method, and are
comprised of the following at December31, 2013 and 2012:
(In millions) 2013 2012
Raw materials and supplies $ 227.6 $222.4
Work-in-process 79.6 83.3
Finished goods 1,104.7 1,004.6
Total $ 1,411.9 $1,310.3
5. Property, Plant and Equipment
Property, plant and equipment, net, is comprised of the following at December31, 2013 and 2012:
(In millions) 2013 2012
Land $ 62.7$55.6
Buildings 427.3 326.6
Machinery and equipment 1,229.8 1,079.0
Construction-in-progress 144.6 85.7
1,864.4 1,546.9
Less: Accumulated depreciation (1,011.8)(868.3)
Total $ 852.6$678.6
Depreciation of property, plant and equipment for 2013, 2012 and 2011 was $144, $135 and $145, respectively.