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Change in Accounting Method (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2012
Change in Accounting Method |
Effect of change on consolidated statement of operations |
|  | As originally |  |  |  |  |
|  | reported under |  | Effect of |  | As |
|  | LIFO |  | Change |  | Adjusted |
Manufacturing, shipping and delivery expense |  | $ | (1,386 | ) | $ | 10 |  | $ | (1,376 | )
Amounts attributable to the Company: |  |  |  |  |  |  |
Net earnings from continuing operations |  | 73 |  | 10 |  | 83 |
Basic earnings per share |  | 0.44 |  | 0.06 |  | 0.50 |
Diluted earnings per share |  | 0.44 |  | 0.06 |  | 0.50 |
Effect of change on consolidated balance sheets |
|  | As originally |  |  |  |  |
|  | reported under |  | Effect of |  | As |
December 31, 2011 |  | LIFO |  | Change |  | Adjusted |
Assets: |  |  |  |  |  |  |
Inventories |  | $ | 1,012 |  | $ | 49 |  | $ | 1,061 |
Share owners’ equity: |  |  |  |  |  |  |
Retained earnings (loss) |  | (428 | ) | 49 |  | (379 | )
March 31, 2011 |  |  |  |  |  |  |
Assets: |  |  |  |  |  |  |
Inventories |  | $ | 1,054 |  | $ | 49 |  | $ | 1,103 |
Share owners’ equity: |  |  |  |  |  |  |
Retained earnings |  | 154 |  | 49 |  | 203
Effect of change on consolidated share owner's equity |
|  | As originally |  |  |  |  |
|  | reported under |  | Effect of |  | As |
|  | LIFO |  | Change |  | Adjusted |
Retained earnings |  | $ | 82 |  | $ | 39 |  | $ | 121 |
Effect of change on consolidated cash flows |
|  | As originally |  |  |  |  |
|  | reported under |  | Effect of |  | As |
|  | LIFO |  | Change |  | Adjusted |
Net earnings |  | $ | 76 |  | $ | 10 |  | $ | 86 |
Change in components of working capital |  | (239 | ) | (10 | ) | (249 | )

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