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Segment Data | 9 Months Ended
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Sep. 29, 2012
Segment Reporting [Abstract] |
Segment Data | Note 9 – Segment Data Brunswick is a manufacturer and marketer of leading consumer brands and operates in four reportable segments: Marine Engine, Boat, Fitness and Bowling & Billiards. The Company’s segments are defined by management’s reporting structure and operating activities. During the first quarter of 2012, the Company realigned its global marine operations, which resulted in changes to the components of the Marine Engine and Boat reportable segments. Several Brunswick boat brands based in Europe and Asia, which include Quicksilver, Rayglass, Uttern and Valiant boats, each of which were previously included in the Marine Engine segment, are now managed and included as part of the Boat segment. Additionally, the Company started evaluating segment results exclusive of certain costs associated with its defined benefit pension plans. As a result of freezing benefit accruals in its defined benefit pension plans, the Company has elected to allocate only service-related costs to the operating segment results and report all other components of pension expense on a separate line included in the segment tables presented below. As a result, Interest cost, Expected return on plan assets and Amortization of net actuarial losses previously reported in the Marine Engine and Bowling & Billiards segments, as well as Corporate/Other, are now being reported in Pension - non-service costs. Pension costs associated with Service cost and Amortization of prior service cost, while not significant, remain in the reporting segments as presented in the tables below. Segment results have been revised for all periods presented to reflect the change in Brunswick's reported segments. The Company evaluates performance based on business segment operating earnings. Operating earnings of segments do not include the expenses of corporate administration, non-service related pension costs, earnings from unconsolidated equity affiliates, other expenses and income of a non-operating nature, interest expense and income, loss on early extinguishment of debt or provisions for income taxes. Corporate/Other results include items such as corporate staff and administrative costs. Corporate/Other total assets consist of mainly cash, cash equivalents and investments in marketable securities, restricted cash, deferred and prepaid income tax balances and investments in unconsolidated affiliates. Marine eliminations adjust for sales between the Marine Engine and Boat segments, which are consummated at established arm’s length transfer prices. The following table sets forth net sales and operating earnings (loss) of each of the Company’s reportable segments for the three months ended September 29, 2012 and October 1, 2011:
| Net Sales |  | Operating Earnings (Loss)
| Three Months Ended |  | Three Months Ended
(in millions) | September 29, 2012 |  | October 1, 2011 |  | September 29, 2012 |  | October 1, 2011
Marine Engine | $ | 503.5 |  |  | $ | 455.6 |  |  | $ | 74.5 |  |  | $ | 52.9 |
Boat | 205.8 |  |  | 221.1 |  |  | (43.5 | ) |  | (21.2 | )
Marine eliminations | (50.9 | ) |  | (36.7 | ) |  | — |  |  | — |
Total Marine | 658.4 |  |  | 640.0 |  |  | 31.0 |  |  | 31.7 |
Fitness | 151.9 |  |  | 157.2 |  |  | 23.1 |  |  | 22.6 |
Bowling & Billiards | 74.5 |  |  | 79.5 |  |  | 3.2 |  |  | 2.8 |
Pension - non-service costs | — |  |  | — |  |  | (6.1 | ) |  | (7.6 | )
Corporate/Other | — |  |  | — |  |  | (13.7 | ) |  | (13.9 | )
Total | $ | 884.8 |  |  | $ | 876.7 |  |  | $ | 37.5 |  |  | $ | 35.6 |
The following table sets forth net sales and operating earnings (loss) of each of the Company’s reportable segments for the nine months ended September 29, 2012 and October 1, 2011:
| Net Sales |  | Operating Earnings (Loss)
| Nine Months Ended |  | Nine Months Ended
(in millions) | September 29, 2012 |  | October 1, 2011 |  | September 29, 2012 |  | October 1, 2011
Marine Engine | $ | 1,584.1 |  |  | $ | 1,545.7 |  |  | $ | 227.3 |  |  | $ | 210.5 |
Boat | 834.1 |  |  | 880.6 |  |  | (32.3 | ) |  | (15.9 | )
Marine eliminations | (181.5 | ) |  | (166.9 | ) |  | — |  |  | — |
Total Marine | 2,236.7 |  |  | 2,259.4 |  |  | 195.0 |  |  | 194.6 |
Fitness | 452.3 |  |  | 455.2 |  |  | 66.7 |  |  | 65.1 |
Bowling & Billiards | 237.0 |  |  | 244.3 |  |  | 20.0 |  |  | 19.5 |
Pension - non-service costs | — |  |  | — |  |  | (17.9 | ) |  | (22.8 | )
Corporate/Other | — |  |  | — |  |  | (43.9 | ) |  | (45.9 | )
Total | $ | 2,926.0 |  |  | $ | 2,958.9 |  |  | $ | 219.9 |  |  | $ | 210.5 |
The following table sets forth total assets of each of the Company’s reportable segments as of September 29, 2012 and December 31, 2011:
| Total Assets
(in millions) | September 29, 2012 |  | December 31, 2011
Marine Engine | $ | 722.0 |  |  | $ | 649.1 |
Boat | 400.3 |  |  | 389.9 |
Total Marine | 1,122.3 |  |  | 1,039.0 |
Fitness | 537.1 |  |  | 551.7 |
Bowling & Billiards | 264.8 |  |  | 251.6 |
Corporate/Other | 583.7 |  |  | 651.7 |
Total | $ | 2,507.9 |  |  | $ | 2,494.0 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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