v2.4.0.6

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2011
Segment Reporting Information, Additional Information [Abstract] |
Segment Information | Segment Information The Company’s reportable segments are as follows:
Segment |  | Key Brands |  | Description of Primary Products
Home & Family |  | Rubbermaid®, Graco®, Aprica®, Levolor®, Calphalon®, Goody® |  | Indoor/outdoor organization, food storage and home storage products; infant and juvenile products such as car seats, strollers, highchairs and playards; drapery hardware, window treatments and cabinet hardware; gourmet cookware, bakeware, cutlery and small kitchen electrics; hair care accessories
Office Products |  | Sharpie®, Expo®, Dymo®, Mimio®, Paper Mate®, Parker®, Waterman® |  | Writing instruments, including pens, pencils, markers and highlighters, and art products; fine writing instruments and leather goods; office technology solutions such as label makers and printers, interactive teaching solutions and on-line postage
Tools, Hardware & Commercial Products |  | Lenox®, Rubbermaid® Commercial Products, Irwin®, Shur-line®, Bulldog® |  | Industrial bandsaw blades and cutting tools for pipes and HVAC systems; hand tools and power tool accessories; manual paint applicators, window hardware and convenience hardware; cleaning and refuse products, hygiene systems, material handling solutions and medical and computer carts, and wall-mounted workstations
The Company’s segment and geographic results are as follows as of and for the years ended December 31, (in millions):
| 2011 |  | 2010 |  | 2009
Net Sales (1) |  |  |  |  |
Home & Family | $ | 2,390.5 |  |  | $ | 2,378.4 |  |  | $ | 2,377.2 |
Office Products | 1,778.8 |  |  | 1,708.9 |  |  | 1,674.7 |
Tools, Hardware & Commercial Products | 1,695.3 |  |  | 1,570.9 |  |  | 1,431.5 |
| $ | 5,864.6 |  |  | $ | 5,658.2 |  |  | $ | 5,483.4 |
Operating Income (2) |  |  |  |  |
Home & Family | $ | 280.5 |  |  | $ | 281.8 |  |  | $ | 274.7 |
Office Products | 300.2 |  |  | 269.4 |  |  | 235.2 |
Tools, Hardware & Commercial Products | 234.3 |  |  | 246.6 |  |  | 246.0 |
Impairment charges | (382.6 | ) |  | — |  |  | — |
Restructuring costs | (50.1 | ) |  | (77.4 | ) |  | (100.0 | )
Corporate | (125.1 | ) |  | (96.9 | ) |  | (80.6 | )
| $ | 257.2 |  |  | $ | 623.5 |  |  | $ | 575.3 |
| 2011 |  | 2010 |  | 2009
Depreciation & Amortization (2) |  |  |  |  |
Home & Family | $ | 44.5 |  |  | $ | 51.4 |  |  | $ | 51.3 |
Office Products | 32.2 |  |  | 32.1 |  |  | 39.6 |
Tools, Hardware & Commercial Products | 45.5 |  |  | 49.7 |  |  | 48.9 |
Corporate | 39.4 |  |  | 39.1 |  |  | 35.3 |
| $ | 161.6 |  |  | $ | 172.3 |  |  | $ | 175.1 |
Capital Expenditures (3) |  |  |  |  |
Home & Family | $ | 42.4 |  |  | $ | 38.2 |  |  | $ | 30.8 |
Office Products | 39.5 |  |  | 35.5 |  |  | 35.2 |
Tools, Hardware & Commercial Products | 59.6 |  |  | 28.5 |  |  | 26.2 |
Corporate | 81.4 |  |  | 62.5 |  |  | 61.1 |
| $ | 222.9 |  |  | $ | 164.7 |  |  | $ | 153.3 |
| 2011 |  | 2010
Identifiable Assets |  |  |
Home & Family | $ | 882.4 |  |  | $ | 896.4 |
Office Products | 1,019.6 |  |  | 972.0 |
Tools, Hardware & Commercial Products | 893.3 |  |  | 931.5 |
Corporate (4) | 3,365.6 |  |  | 3,605.4 |
| $ | 6,160.9 |  |  | $ | 6,405.3 |
Geographic Area Information
| 2011 |  | 2010 |  | 2009
Net Sales (1) (5) |  |  |  |  |
United States | $ | 3,915.7 |  |  | $ | 3,870.3 |  |  | $ | 3,806.8 |
Canada | 376.3 |  |  | 351.0 |  |  | 317.6 |
Total North America | 4,292.0 |  |  | 4,221.3 |  |  | 4,124.4 |
Europe, Middle East and Africa | 815.3 |  |  | 800.5 |  |  | 791.0 |
Latin America | 318.6 |  |  | 267.0 |  |  | 259.5 |
Asia Pacific | 438.7 |  |  | 369.4 |  |  | 308.5 |
Total International | 1,572.6 |  |  | 1,436.9 |  |  | 1,359.0 |
| $ | 5,864.6 |  |  | $ | 5,658.2 |  |  | $ | 5,483.4 |
Operating Income (Loss) (2) (7) |  |  |  |  |
United States | $ | 166.9 |  |  | $ | 471.9 |  |  | $ | 492.6 |
Canada | 81.2 |  |  | 79.1 |  |  | 63.3 |
Total North America | 248.1 |  |  | 551.0 |  |  | 555.9 |
Europe, Middle East and Africa (6) | 16.6 |  |  | 10.0 |  |  | (19.7 | )
Latin America | 12.8 |  |  | (1.3 | ) |  | 22.3 |
Asia Pacific | (20.3 | ) |  | 63.8 |  |  | 16.8 |
Total International | 9.1 |  |  | 72.5 |  |  | 19.4 |
| $ | 257.2 |  |  | $ | 623.5 |  |  | $ | 575.3 |
(1) | All intercompany transactions have been eliminated. Sales to Wal-Mart Stores, Inc. and subsidiaries amounted to 11.0%, 11.9% and 12.3% of consolidated net sales in 2011, 2010 and 2009, respectively, substantially across all segments.
(2) | Operating income (loss) by segment is net sales less cost of products sold and selling, general & administrative (“SG&A”) expenses. Operating income by geographic area is net sales less cost of products sold, SG&A expenses, impairment charges, and restructuring costs. Certain headquarters expenses of an operational nature are allocated to business segments and geographic areas primarily on a net sales basis. Depreciation and amortization is allocated to the segments on a percentage of sales basis, and the allocated depreciation and amortization is included in segment operating income.
(3) | Corporate capital expenditures primarily relate to the SAP implementation.
(4) | Corporate assets primarily include goodwill, capitalized software, cash and deferred tax assets.
(5) | Geographic sales information is based on the region from which the products are shipped and invoiced.
(6) | The Europe, Middle East and Africa operating income (loss) is after considering $37.4 million and $15.2 million of incremental SG&A costs associated with the European Transformation Plan for 2011 and 2010, respectively.
(7) | The following table summarizes the restructuring costs and impairment charges by region included in operating income (loss) above (in millions):
| 2011 |  | 2010 |  | 2009
Restructuring Costs: |  |  |  |  |
United States | $ | (29.3 | ) |  | $ | (18.1 | ) |  | $ | (32.6 | )
Canada | (0.1 | ) |  | (7.9 | ) |  | (5.7 | )
Total North America | (29.4 | ) |  | (26.0 | ) |  | (38.3 | )
Europe, Middle East and Africa | (19.5 | ) |  | (30.4 | ) |  | (36.4 | )
Latin America | (0.7 | ) |  | (12.9 | ) |  | (6.3 | )
Asia Pacific | (0.5 | ) |  | (8.1 | ) |  | (19.0 | )
Total International | (20.7 | ) |  | (51.4 | ) |  | (61.7 | )
| $ | (50.1 | ) |  | $ | (77.4 | ) |  | $ | (100.0 | )
Impairment Charges: |  |  |  |  |
United States | $ | (266.8 | ) |  | $ | — |  |  | $ | — |
Canada | — |  |  | — |  |  | — |
Total North America | (266.8 | ) |  | — |  |  | — |
Europe, Middle East and Africa | (9.2 | ) |  | — |  |  | — |
Latin America | — |  |  | — |  |  | — |
Asia Pacific | (106.6 | ) |  | — |  |  | — |
Total International | (115.8 | ) |  | — |  |  | — |
| $ | (382.6 | ) |  | $ | — |  |  | $ | — |
The following table summarizes the net sales by product grouping for the years ended December 31, (in millions):
| 2011 |  | 2010 |  | 2009
Home & Family (1) |  |  |  |  |
Rubbermaid Consumer | $ | 827.2 |  |  | $ | 819.7 |  |  | $ | 847.7 |
Baby & Parenting | 680.4 |  |  | 700.2 |  |  | 703.6 |
Décor | 464.8 |  |  | 458.8 |  |  | 450.9 |
Other | 418.1 |  |  | 399.7 |  |  | 375.0 |
| 2,390.5 |  |  | 2,378.4 |  |  | 2,377.2 |
Office Products (1) | 1,778.8 |  |  | 1,708.9 |  |  | 1,674.7 |
Tools, Hardware & Commercial Products (1) | 1,695.3 |  |  | 1,570.9 |  |  | 1,431.5 |
| $ | 5,864.6 |  |  | $ | 5,658.2 |  |  | $ | 5,483.4 |

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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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