Tupperware Brands (TUPBQ) 10-Q 2 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 26, 2016	Apr. 27, 2016
Document Information [Line Items]
Entity Registrant Name	TUPPERWARE BRANDS CORP
Entity Central Index Key	1,008,654
Trading Symbol	TUP
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 26, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		50,502,605

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 26, 2016	Mar. 28, 2015
Net sales		$ 525.7	$ 581.8
Cost of products sold		166	191.6
Gross margin		359.7	390.2
Delivery, sales and administrative expense		288.7	313.4
Re-engineering and impairment charges	[1]	1.1	16.2
Gains on disposal of assets		0.1	0.6
Operating income		70	61.2
Interest income		0.7	0.5
Interest expense		12.1	13.3
Other expense		0.4	7.2
Income before income taxes		58.2	41.2
Provision for income taxes		14.8	11.7
Net income		$ 43.4	$ 29.5
Earnings per share:
Basic		$ 0.86	$ 0.59
Diluted		$ 0.86	$ 0.59
Weighted-average shares outstanding:
Basic		50.4	49.7
Diluted		50.6	50.3
Dividends declared per common share		$ 0.68	$ 0.68
[1]	(a)See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Net income	$ 43.4	$ 29.5
Other comprehensive income (loss):
Foreign currency translation adjustments	2.3	(25.2)
Deferred gain (loss) on cash flow hedges, net of tax provision (benefit) of ($1.0) and ($0.4), respectively	(3.7)	(0.4)
Pension and other post-retirement income (loss), net of tax provision (benefit) of ($0.3) and $1.1, respectively	(0.9)	2.9
Other comprehensive income (loss)	(2.3)	(22.7)
Total comprehensive income	$ 41.1	$ 6.8

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Deferred gain (loss) on cash flow hedges, tax (benefit) provision	$ (1)	$ (0.4)
Pension and other post retirement costs, tax (provision) benefit	$ 0.3	$ (1.1)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 26, 2016	Dec. 26, 2015
ASSETS
Cash and cash equivalents	$ 98.6	$ 79.8
Accounts receivable, less allowances of $34.3 and $32.7, respectively	164.5	142.7
Inventories	274.4	254.6
Non-trade amounts receivable, net	51.6	45.5
Prepaid expenses and other current assets	33.8	27.9
Total current assets	622.9	550.5
Deferred income tax benefits, net	513	524.9
Property, plant and equipment, net	252.9	253.6
Long-term receivables, less allowances of $11.5 and $11.2, respectively	12.7	13.2
Trademarks and tradenames, net	80.9	82.7
Goodwill	146.3	146.3
Other assets, net	28.6	27
Total assets	1,657.3	1,598.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	94.4	126.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	234.8	162.5
Accrued liabilities	347.5	324.8
Total current liabilities	676.7	614
Long-term debt and capital lease obligations	608.1	608.2
Other liabilities	202.9	215
Shareholders' equity:
Preferred stock, $0.01 par value, 200,000,000 shares authorized; none issued	0	0
Common stock, $0.01 par value, 600,000,000 shares authorized; 63,607,090 shares issued	0.6	0.6
Paid-in capital	202.2	205.5
Retained earnings	1,380.8	1,371.2
Treasury stock, 13,106,052 and 13,170,517 shares, respectively, at cost	(889.7)	(894.3)
Accumulated other comprehensive loss	(524.3)	(522)
Total shareholders' equity	169.6	161
Total liabilities and shareholders' equity	$ 1,657.3	$ 1,598.2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 26, 2016	Dec. 26, 2015
Accounts receivable, allowances	$ 34.3	$ 32.7
Long-term receivables, allowances	$ 11.5	$ 11.2
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	600,000,000	600,000,000
Common stock, shares issued	63,607,090	63,607,090
Treasury stock, shares	13,106,052	13,170,517

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Operating Activities:
Net income	$ 43.4	$ 29.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	14.9	15.4
Unrealized foreign exchange loss	0.1	7
Equity compensation	3.9	3.8
Amortization of deferred debt costs	0.1	0.2
Net gains on disposal of assets	(0.1)	(0.6)
Provision for bad debts	2.7	3.2
Write-down of inventories	3.4	4.2
Non-cash impact of re-engineering and impairment costs	0	13.5
Net change in deferred income taxes	2.9	(11.6)
Excess tax benefits from share-based payment arrangements	0	(0.8)
Changes in assets and liabilities:
Accounts and notes receivable	(20.2)	(12.6)
Inventories	(17)	(16.2)
Non-trade amounts receivable	(4.9)	(1.4)
Prepaid expenses	(5.8)	(7.8)
Other assets	0.4	(0.2)
Accounts payable and accrued liabilities	(30.6)	(33.8)
Income taxes payable	(10.2)	(7)
Other liabilities	(1.5)	(0.3)
Net cash impact from hedging activity	10.7	3.6
Other	(0.3)	(0.1)
Net cash used in operating activities	(7.5)	(11.8)
Investing Activities:
Capital expenditures	(9.4)	(13.9)
Proceeds from disposal of property, plant and equipment	0.4	2.1
Net cash used in investing activities	(9)	(11.8)
Financing Activities:
Dividend payments to shareholders	(35)	(35.7)
Proceeds from exercise of stock options	0	3.1
Repurchase of common stock	(0.8)	(0.9)
Repayment of capital lease obligations	(0.4)	(0.9)
Net change in short-term debt	66.7	71.7
Excess tax benefits from share-based payment arrangements	0	0.8
Net cash provided by financing activities	30.5	38.1
Effect of exchange rate changes on cash and cash equivalents	4.8	(7.6)
Net change in cash and cash equivalents	18.8	6.9
Cash and cash equivalents at beginning of year	79.8	77
Cash and cash equivalents at end of period	$ 98.6	$ 83.9

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 26, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation: The condensed consolidated financial statements include the accounts of Tupperware Brands Corporation and its subsidiaries, collectively “Tupperware” or the “Company”, with all intercompany transactions and balances having been eliminated. These condensed consolidated financial statements and related notes should be read in conjunction with the audited 2015 financial statements included in the Company's Annual Report on Form 10-K for the year ended December 26, 2015 . Certain prior year amounts have been reclassified to conform with current year presentation. These condensed consolidated financial statements are unaudited and have been prepared following the rules and regulations of the United States Securities and Exchange Commission and, in the Company's opinion, reflect all adjustments, including normal recurring items that are necessary for a fair presentation of the results for the interim periods. Certain information and note disclosures normally included in the balance sheet, statements of income, comprehensive income and cash flows prepared in conformity with accounting principles generally accepted in the United States of America have been condensed or omitted as permitted by such rules and regulations. Operating results of any interim period presented herein are not necessarily indicative of the results that may be expected for a full fiscal year. The Company's fiscal year ends on the last Saturday of December. As a result, the 2016 fiscal year will include 53 weeks, as compared with 52 weeks for fiscal 2015, and the fourth quarter of 2016 will include 14 weeks. Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates.

Shipping and Handling Costs

Shipping and Handling Costs	3 Months Ended
	Mar. 26, 2016
Shipping and Handling Costs [Abstract]
Shipping and Handling Costs	Shipping and Handling Costs The cost of products sold line item includes costs related to the purchase and manufacture of goods sold by the Company. Among these costs are inbound freight charges, duties, purchasing and receiving costs, inspection costs, depreciation expense, internal transfer costs and warehousing costs of raw material, work in process and packing materials. The warehousing and distribution costs of finished goods are included in delivery, sales and administrative expense (“DS&A”). Distribution costs are comprised of outbound freight and associated labor costs. Fees billed to customers associated with the distribution of products are classified as revenue. The distribution costs included in DS&A expense for the first quarters of 2016 and 2015 were $31.7 million and $34.7 million , respectively.

Promotional Costs

Promotional Costs	3 Months Ended
	Mar. 26, 2016
Promotional Costs [Abstract]
Promotional Costs	Promotional Costs The Company frequently makes promotional offers to members of its independent sales force to encourage them to fulfill specific goals or targets for sales levels, party attendance, addition of new sales force members or other business-critical functions. The awards offered are in the form of product awards, special prizes or trips. The Company accrues for the costs of these awards during the period over which the sales force qualifies for the award and reports these costs primarily as a component of DS&A expense. These accruals require estimates as to the cost of the awards, based upon estimates of achievement and actual cost to be incurred. During the qualification period, actual results are monitored, and changes to the original estimates are made when known. Promotional and other sales force compensation expenses included in DS&A expense totaled $93.7 million and $102.0 million for the first quarters of 2016 and 2015 , respectively.

Inventories

Inventories	3 Months Ended
	Mar. 26, 2016
Inventory, Net [Abstract]
Inventories	Inventories (In millions) March 26, December 26, Finished goods $ 214.5 $ 203.2 Work in process 24.3 21.0 Raw materials and supplies 35.6 30.4 Total inventories $ 274.4 $ 254.6

Net Income Per Common Share

Net Income Per Common Share	3 Months Ended
	Mar. 26, 2016
Earnings Per Share [Abstract]
Net Income Per Common Share	Net Income Per Common Share Basic per share information is calculated by dividing net income by the weighted average number of shares outstanding. Diluted per share information is calculated by also considering the impact of potential common stock on both net income and the weighted average number of shares outstanding. The elements of the earnings per share computations were as follows: 13 weeks ended (In millions, except per share amounts) March 26, March 28, Net income $ 43.4 $ 29.5 Weighted-average shares of common stock outstanding 50.4 49.7 Common equivalent shares: Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units 0.2 0.6 Weighted-average common and common equivalent shares outstanding 50.6 50.3 Basic earnings per share $ 0.86 $ 0.59 Diluted earnings per share $ 0.86 $ 0.59 Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive 1.8 0.6

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 26, 2016
Accumulated Other Comprehensive Loss [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss (In millions, net of tax) Foreign Currency Items Cash Flow Hedges Pension and Other Post-retirement Items Total Balance at December 26, 2015 $ (490.6 ) $ 4.3 $ (35.7 ) $ (522.0 ) Other comprehensive income (loss) before reclassifications 2.3 (1.4 ) (1.0 ) (0.1 ) Amounts reclassified from accumulated other comprehensive loss — (2.3 ) 0.1 (2.2 ) Net current-period other comprehensive income (loss) 2.3 (3.7 ) (0.9 ) (2.3 ) Balance at March 26, 2016 $ (488.3 ) $ 0.6 $ (36.6 ) $ (524.3 ) (In millions, net of tax) Foreign Currency Items Cash Flow Hedges Pension and Other Post-retirement Items Total Balance at December 27, 2014 $ (368.3 ) $ 7.8 $ (48.2 ) $ (408.7 ) Other comprehensive income (loss) before reclassifications (25.2 ) 3.0 2.4 (19.8 ) Amounts reclassified from accumulated other comprehensive loss — (3.4 ) 0.5 (2.9 ) Net current-period other comprehensive income (loss) (25.2 ) (0.4 ) 2.9 (22.7 ) Balance at March 28, 2015 $ (393.5 ) $ 7.4 $ (45.3 ) $ (431.4 ) Pretax amounts reclassified from accumulated other comprehensive loss that related to cash flow hedges consisted of net gains of $3.1 million and $4.3 million for the first quarters of 2016 and 2015 , respectively. Associated with these items were tax provision s of $0.8 million and $0.9 million , respectively. See Note 10 for further discussion of derivatives. For the first quarters of 2016 and 2015 , pretax amounts reclassified from accumulated other comprehensive loss related to pension and other post-retirement items consisted of prior service benefit s of $0.3 million in each year, and actuarial losses of $0.4 million and $1.0 million , respectively. The tax benefit associated with these items was $0.2 million for the first quarter of 2015, and none for 2016 . See Note 12 for further discussion of pension and other post-retirement benefit costs.

Re-engineering and Impairment C

Re-engineering and Impairment Costs	3 Months Ended
	Mar. 26, 2016
Restructuring Charges [Abstract]
Re-engineering and Impairment Costs	Re-engineering and Impairment Costs The Company recorded $1.1 million and $2.7 million in re-engineering charges during the first quarters of 2016 and 2015 , respectively. In both years, these charges were primarily related to severance costs incurred for headcount reductions in several of the Company’s operations in connection with changes in its management and organizational structures. The balances included in accrued liabilities related to re-engineering and impairment charges as of March 26, 2016 and December 26, 2015 were as follows: (In millions) March 26, December 26, Beginning of the year balance $ 1.7 $ 2.4 Provision 1.1 6.8 Non-cash charges — (0.2 ) Cash expenditures: Severance (0.8 ) (5.8 ) Other (0.7 ) (1.5 ) End of period balance $ 1.3 $ 1.7 The accrual balance as of March 26, 2016 , related primarily to severance payments to be made by the end of the third quarter of 2016 . In February 2015, the Venezuelan government launched an overhaul of its foreign currency exchange structure and created a new exchange mechanism called Simadi that has provided an exchange rate significantly lower than the rate available to the Company under the previous SICAD 2 mechanism. As a result, and based on the perceived impact of this change to the operations of its Venezuelan unit, the Company deemed this change to be a triggering event to evaluate the $15.7 million of long-term fixed assets in Venezuela at that time. This evaluation involved performing an undiscounted cash flow analysis to determine if the carrying value of the assets were recoverable and whether the amount included on the balance sheet was greater than fair value. The Company considered many economic and operating factors, including uncertainty surrounding the interpretation and enforcement of certain product pricing restrictions in Venezuela, the inability at that time to obtain the necessary raw materials locally to meet production demands and the significant decline in the global price of oil. Due, at least in part, to the decline of the global price of oil, the Venezuelan government has not made U.S. dollars widely available through any of the exchange mechanisms it has had in place. Given the devaluation of the Venezuelan bolivar compared with the U.S. dollar, and the lack of U.S dollars available to use for the purchase of raw materials for on-going operations, the Company did not believe it would be able to operate the business profitably. As a result, the Company concluded that the carrying value of the long-term fixed assets in Venezuela was not recoverable. The Company then estimated the fair value of the long-term fixed assets using estimated selling prices available in Venezuela. The primary assets that were considered to continue to maintain a marketable value in Venezuela included commercial office space, a show room and parking spaces. As a result of this evaluation in the first quarter of 2015, the Company recorded an impairment charge of $13.5 million to reduce the long-term fixed asset carrying value in Venezuela to the estimated fair value at that time of $2.2 million , which is considered a non-recurring Level 3 measurement within the fair value hierarchy.

Segment Information

Segment Information	3 Months Ended
	Mar. 26, 2016
Segment Reporting [Abstract]
Segment Information	Segment Information The Company manufactures and distributes a broad portfolio of products, primarily through independent direct sales consultants. Certain operating segments have been aggregated based upon consistency of economic substance, geography, products, production process, class of customers and distribution method. Effective from the first quarter of 2016, the Nutrimetics business in France previously reported in the Asia Pacific segment is being reported in the Europe segment. Comparable information from prior periods has been reclassified to conform with the new presentation. In full year 2015, Nutrimetics France generated less than one half percent of total sales. The Company's reportable segments include the following: Europe Primarily design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware ® brand. Europe also includes Avroy Shlain ® in South Africa and Nutrimetics ® in France, which sell beauty and personal care products. Asia Pacific also sells beauty and personal care products in some of its units under the NaturCare ® , Nutrimetics ® and Fuller ® brands. Asia Pacific Tupperware North America Beauty North America Premium cosmetics, skin care and personal care products marketed under the BeautiControl ® brand in the United States, Canada and Puerto Rico and Fuller Cosmetics ® brands in Mexico and Central America. South America Both housewares and beauty products under the Fuller ® , Nutrimetics ® , Nuvo ® and Tupperware ® brands. Worldwide sales of beauty and personal care products totaled $84.2 million and $113.1 million in the first quarters of 2016 and 2015 , respectively. 13 weeks ended (In millions) March 26, March 28, Net sales: Europe $ 153.9 $ 173.8 Asia Pacific 171.6 189.6 Tupperware North America 83.2 79.5 Beauty North America 48.9 62.9 South America 68.1 76.0 Total net sales $ 525.7 $ 581.8 Segment profit (loss): Europe $ 25.2 $ 28.9 Asia Pacific 36.9 39.4 Tupperware North America 14.6 13.0 Beauty North America (1.7 ) (0.3 ) South America 13.0 3.2 Total segment profit $ 88.0 $ 84.2 Unallocated expenses (17.4 ) (14.6 ) Re-engineering and impairment charges (a) (1.1 ) (16.2 ) Gains on disposal of assets 0.1 0.6 Interest expense, net (11.4 ) (12.8 ) Income before taxes $ 58.2 $ 41.2 (In millions) March 26, December 26, Identifiable assets: Europe $ 286.5 $ 271.6 Asia Pacific 312.8 295.1 Tupperware North America 133.1 121.2 Beauty North America 239.4 254.0 South America 110.7 96.9 Corporate 574.8 559.4 Total identifiable assets $ 1,657.3 $ 1,598.2 _________________________ (a) See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

Debt

Debt	3 Months Ended
	Mar. 26, 2016
Debt Disclosure [Abstract]
Debt	Debt Debt Obligations (In millions) March 26, 2016 December 26, 2015 Fixed rate senior notes due 2021 $ 599.3 $ 599.3 Five year Revolving Credit Agreement (a) 231.3 155.8 Belgium facility capital lease 10.6 10.6 Other 1.7 5.0 Total debt obligations $ 842.9 $ 770.7 ____________________ (a) $194.3 million denominated in euros as of March 26, 2016 . Credit Agreement As of March 26, 2016 , the Company had a weighted average interest rate on outstanding LIBOR based borrowings of 1.56 percent under the Credit Agreement. At March 26, 2016 , the Company had $597.4 million of unused lines of credit, including $336.9 million under the committed, secured Credit Agreement, and $260.5 million available under various uncommitted lines around the world. The Credit Agreement has customary financial covenants related to interest coverage and leverage. These restrictions are not expected to impact the Company's operations. As of March 26, 2016 , and currently, the Company had considerable cushion under its financial covenants.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 26, 2016
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company is exposed to fluctuations in foreign currency exchange rates on the earnings, cash flows and financial position of its international operations. Although this currency risk is partially mitigated by the natural hedge arising from the Company's local manufacturing in many markets, a strengthening U.S. dollar generally has a negative impact on the Company. In response to these fluctuations, the Company uses financial instruments to hedge certain of its exposures and to manage the foreign exchange impact to its financial statements. At its inception, a derivative financial instrument is designated as a fair value, cash flow or net equity hedge. Fair value hedges are entered into with financial instruments such as forward contracts, with the objective of limiting exposure to certain foreign exchange risks primarily associated with accounts payable and non-permanent intercompany transactions. For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are recognized in current earnings. In assessing hedge effectiveness, the Company excludes forward points, which are considered to be a component of interest expense. The forward points on fair value hedges resulted in pretax gains of $3.9 million and $2.8 million in the first quarters of 2016 and 2015 , respectively. The Company also uses derivative financial instruments to hedge foreign currency exposures resulting from certain forecasted purchases and classifies these as cash flow hedges. At initiation, the Company's cash flow hedge contracts are generally for periods ranging from one to fifteen months . The effective portion of the gain or loss on the hedging instrument is recorded in other comprehensive income and is reclassified into earnings as the transactions being hedged are recorded. As such, the balance at the end of the current reporting period in other comprehensive income, related to cash flow hedges, will generally be reclassified into earnings within the next twelve months . The associated asset or liability on the open hedges is recorded in other current assets or accrued liabilities, as applicable. In assessing hedge effectiveness, the Company excludes forward points, which are included as a component of interest expense. The Company also uses financial instruments, such as forward contracts and certain euro denominated borrowings under the Company's Credit Agreement, to hedge a portion of its net equity investment in international operations and classifies these as net equity hedges. Changes in the value of these financial instruments, excluding any ineffective portion of the hedges, are included in foreign currency translation adjustments within accumulated other comprehensive loss . The Company recorded, net of tax, in other comprehensive income a net loss of $3.7 million associated with these hedges in the first quarter of 2016 , and a net gain of $19.5 million associated with such hedges in the first quarter of 2015 . Due to the permanent nature of the investments, the Company does not anticipate reclassifying any portion of these amounts to the income statement in the next twelve months. In assessing hedge effectiveness, the Company excludes forward points, which are included as a component of interest expense. While the forward contracts used for net equity and fair value hedges of non-permanent intercompany balances mitigate its exposure to foreign exchange gains or losses, they result in an impact to operating cash flows as they are settled, whereas the hedged items do not generate offsetting cash flows. The net cash flow impact of these currency hedges were inflow s of $10.7 million and $3.6 million for the first quarters of 2016 and 2015 , respectively. The Company considers the total notional value of its forward contracts as the best measure of the volume of derivative transactions. As of March 26, 2016 and December 26, 2015 , the notional amounts of outstanding forward contracts to purchase currencies were $125.6 million and $141.9 million , respectively, and the notional amounts of outstanding forward contracts to sell currencies were $139.5 million and $137.4 million , respectively. As of March 26, 2016 , the notional values of the largest positions outstanding were to purchase Euro $66.4 million and to sell Mexican pesos $37.2 million . The following table summarizes the Company's derivative positions, which are the only assets and liabilities recorded at fair value on a recurring basis, and the impact they had on the Company's financial position as of March 26, 2016 and December 26, 2015 . Fair values were determined based on third party quotations (Level 2 fair value measurement): Asset derivatives Liability derivatives Fair value Fair value Derivatives designated as hedging instruments ( in millions ) Balance sheet location Mar 26, Dec 26, Balance sheet location Mar 26, Dec 26, Foreign exchange contracts Non-trade amounts receivable $ 20.3 $ 21.5 Accrued liabilities $ 31.2 $ 14.6 The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the first quarters of 2016 and 2015 : Derivatives designated as fair value hedges (in millions) Location of gain or (loss) recognized in income on derivatives Amount of gain or (loss) recognized in income on derivatives Location of gain or (loss) recognized in income on related hedged items Amount of gain or (loss) recognized in income on related hedged items 2016 2015 2016 2015 Foreign exchange contracts Other expense $ 1.5 $ (24.7 ) Other expense $ (1.5 ) $ 25.1 The following table summarizes the impact of Company's hedging activities on comprehensive income for the first quarters of 2016 and 2015 : Cash flow and net equity hedges (in millions) Amount of gain or (loss) recognized in OCI (effective portion) Location of gain or (loss) reclassified from accumulated OCI into income (effective portion) Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion) Location of gain or (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing) Amount of gain or (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing) Cash flow hedging relationships 2016 2015 2016 2015 2016 2015 Foreign exchange contracts $ (1.6 ) $ 3.4 Cost of products sold $ 3.1 $ 4.3 Interest expense $ (1.6 ) $ (2.9 ) Net equity hedging relationships Foreign exchange contracts (3.0 ) 19.5 Other expense — — Interest expense (5.2 ) (3.5 ) Euro denominated debt (2.7 ) 10.9 Other expense — — Interest expense — —

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 26, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Due to their short maturities or their insignificance, the carrying amounts of cash and cash equivalents, accounts and notes receivable, accounts payable, accrued liabilities and short-term borrowings approximated their fair values at March 26, 2016 and December 26, 2015 . The Company estimates that, based on current market conditions, the value of its 4.75% 2021 senior notes was $634.4 million at March 26, 2016 , compared with the carrying value of $599.3 million . The higher fair value resulted from changes, since issuance, in the corporate bond market and investor preferences. The fair value of debt is classified as a Level 2 liability, and is estimated using quoted market prices as provided in secondary markets which consider the Company's credit risk and market related conditions. See Note 10 to the Consolidated Financial Statements for discussion of the Company's derivative instruments and related fair value measurements.

Retirement Benefit Plans

Retirement Benefit Plans	3 Months Ended
	Mar. 26, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Retirement Benefit Plans	Retirement Benefit Plans Components of net periodic benefit cost for the first quarters ended March 26, 2016 and March 28, 2015 were as follows: First Quarter Pension benefits Post-retirement benefits (In millions) 2016 2015 2016 2015 Service cost $ 2.7 $ 2.8 $ — $ — Interest cost 1.6 1.8 0.2 0.2 Expected return on plan assets (1.4 ) (1.4 ) — — Net amortization 0.4 1.0 (0.3 ) (0.3 ) Net periodic benefit cost $ 3.3 $ 4.2 $ (0.1 ) $ (0.1 ) During the first quarters of 2016 and 2015 , approximately $0.1 million and $0.7 million , respectively, of pretax expenses were reclassified from other comprehensive income to a component of net periodic benefit cost. As they relate to foreign plans, the Company uses current exchange rates to make these reclassifications. The impact of exchange rate fluctuations is included on the net amortization line of the table above.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 26, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the first quarter of 2016 was 25.4 percent , compared with 28.4 percent for the 2015 period. The higher 2015 rate was due to higher 2015 first quarter losses incurred related to the devaluation of the Venezuelan bolivar for which no tax benefit can be recognized. The effective tax rates are below the U.S. statutory rate primarily due to lower foreign effective tax rates. As of March 26, 2016 and December 26, 2015 , the Company's gross unrecognized tax benefit was $21.7 million and $21.8 million , respectively. The Company estimates that approximately $19.8 million of the unrecognized tax benefits, if recognized, would impact the effective tax rate. Interest and penalties related to uncertain tax positions in the Company's global operations are recorded as a component of the provision for income taxes. Accrued interest and penalties was $6.0 million as of the periods ended March 26, 2016 and December 26, 2015 . The accrual for uncertain tax positions was decreased by $0.4 million due to the expiration of the statute of limitations in various jurisdictions for positions taken in various global tax filings. The Company estimates that it may settle one or more foreign audits in the next twelve months that may result in a decrease in the amount of accrual for uncertain tax positions of up to $1.0 million . For the remaining balance as of March 26, 2016 , the Company is not able to reliably estimate the timing or ultimate settlement amount. While the Company does not currently expect material changes, it is possible that the amount of unrecognized benefit with respect to the uncertain tax positions will significantly increase or decrease related to audits in various foreign jurisdictions that may conclude during that period or new developments that could also, in turn, impact the Company's assessment relative to the establishment of valuation allowances against certain existing deferred tax assets. These valuation allowances relate to tax assets in jurisdictions where it is management's best estimate that there is not a greater than 50 percent probability that the benefit of the assets will be realized in the associated tax returns. The likelihood of realizing the benefit of deferred tax assets is assessed on an ongoing basis. This assessment requires estimates as to future operating results, as well as an evaluation of the effectiveness of the Company's tax planning strategies. At this time, the Company is not able to make a reasonable estimate of the range of impact on the balance of unrecognized tax benefits or the impact on the effective tax rate related to these items.

Statement of Cash Flow Suppleme

Statement of Cash Flow Supplemental Disclosure	3 Months Ended
	Mar. 26, 2016
Supplemental Cash Flow Elements [Abstract]
Statement of Cash Flow Supplemental Disclosure	Statement of Cash Flow Supplemental Disclosure Under the Company's stock incentive programs, employees are allowed to use shares retained by the Company to satisfy U.S. minimum statutorily required withholding taxes. In the first quarters of 2016 and 2015 , 15,261 and 11,890 shares, respectively, were retained to fund withholding taxes, with values totaling $0.8 million and $0.9 million , respectively, which were included as a component of stock repurchases in the Consolidated Statements of Cash Flows.

Stock Based Compensation

Stock Based Compensation	3 Months Ended
	Mar. 26, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	Stock Based Compensation Stock option activity for 2016 is summarized in the following table: Shares subject to option Weighted average exercise price per share Aggregate intrinsic value (in millions) Outstanding at December 26, 2015 2,100,478 $ 56.92 Expired / Forfeited (5,570 ) 61.55 Outstanding at March 26, 2016 2,094,908 $ 56.91 $ 7.6 Exercisable at March 26, 2016 1,262,544 $ 54.63 $ 7.6 The intrinsic value of options exercised totaled $2.2 million in the first quarter of 2015 . There were no options exercised in the 2016 quarter. The Company also has time-vested, performance-vested and market-vested share awards. The activity for such awards in 2016 is summarized in the following table: Shares outstanding Weighted average grant date fair value December 26, 2015 550,467 $ 69.71 Time-vested shares granted 14,000 56.86 Market-vested shares granted 30,019 49.55 Performance shares granted 89,321 49.95 Performance share adjustments (14,151 ) 62.85 Vested (82,050 ) 78.65 Forfeited (14,393 ) 74.40 March 26, 2016 573,213 $ 63.96 Compensation expense related to the Company's stock based compensation was as follows: (In millions) March 26, 2016 March 28, 2015 Stock options $ 0.6 $ 0.6 Time, performance and market vested share awards 3.3 3.2 As of March 26, 2016 , total unrecognized stock based compensation expense related to all stock based awards was $28.9 million , which is expected to be recognized over a weighted average period of 2.2 years .

Allowance for Long-Term Receiva

Allowance for Long-Term Receivables	3 Months Ended
	Mar. 26, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Allowance For Long-Term Receivables	Allowance for Long-Term Receivables As of March 26, 2016 , $13.0 million of long-term receivables from both active and inactive customers were considered past due, the majority of which were reserved through the Company's allowance for uncollectible accounts. The balance of the allowance for long-term receivables as of March 26, 2016 was as follows: (In millions) Balance at December 26, 2015 $ 11.2 Write-offs (0.9 ) Provision and reclassifications 0.8 Currency translation adjustment 0.4 Balance at March 26, 2016 $ 11.5

Guarantor Information

Guarantor Information	3 Months Ended
	Mar. 26, 2016
Guarantor Information [Abstract]
Guarantor Information	Guarantor Information The Company's payment obligations under its senior notes due in 2021 are fully and unconditionally guaranteed, on a senior secured basis, by Dart Industries Inc. (the "Guarantor"). The guarantee is secured by certain "Tupperware" trademarks and service marks owned by the Guarantor. Condensed consolidated financial information as of March 26, 2016 and December 26, 2015 and for the quarter-to-date periods ended March 26, 2016 and March 28, 2015 for Tupperware Brands Corporation (the "Parent"), the Guarantor and all other subsidiaries (the "Non-Guarantors") is as follows. Each entity in the consolidating financial information follows the same accounting policies as described in the consolidated financial statements, except for the use by the Parent and Guarantor of the equity method of accounting to reflect ownership interests in subsidiaries that are eliminated upon consolidation. The Guarantor is 100% owned by the Parent, and there are certain entities within the Non-Guarantors classification which the Parent owns directly. There are no significant restrictions on the ability of either the Parent or the Guarantor to obtain adequate funds from their respective subsidiaries by dividend or loan that should interfere with their ability to meet their operating needs or debt repayment obligations. Consolidating Statement of Income 13 Weeks Ended March 26, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 527.0 $ (1.3 ) $ 525.7 Other revenue — 25.3 7.7 (33.0 ) — Cost of products sold — 7.7 190.2 (31.9 ) 166.0 Gross margin — 17.6 344.5 (2.4 ) 359.7 Delivery, sales and administrative expense 3.2 22.4 265.5 (2.4 ) 288.7 Re-engineering and impairment charges — — 1.1 — 1.1 Gains on disposal of assets — — 0.1 — 0.1 Operating income (loss) (3.2 ) (4.8 ) 78.0 — 70.0 Interest income 5.1 0.4 6.2 (11.0 ) 0.7 Interest expense 8.7 12.3 2.1 (11.0 ) 12.1 Income from equity investments in subsidiaries 47.8 53.4 — (101.2 ) — Other expense (income) — (4.1 ) 4.5 — 0.4 Income before income taxes 41.0 40.8 77.6 (101.2 ) 58.2 Provision (benefit) for income taxes (2.4 ) (7.2 ) 24.4 — 14.8 Net income (loss) $ 43.4 $ 48.0 $ 53.2 $ (101.2 ) $ 43.4 Comprehensive income (loss) $ 41.1 $ 47.1 $ 49.5 $ (96.6 ) $ 41.1 Consolidating Statement of Income 13 Weeks Ended March 28, 2015 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 582.0 $ (0.2 ) $ 581.8 Other revenue — 28.3 5.2 (33.5 ) — Cost of products sold — 5.2 218.1 (31.7 ) 191.6 Gross margin — 23.1 369.1 (2.0 ) 390.2 Delivery, sales and administrative expense 3.5 17.9 294.0 (2.0 ) 313.4 Re-engineering and impairment charges — — 16.2 — 16.2 Gains on disposal of assets — — 0.6 — 0.6 Operating income (loss) (3.5 ) 5.2 59.5 — 61.2 Interest income 7.2 6.5 1.0 (14.2 ) 0.5 Interest expense 12.8 8.1 6.6 (14.2 ) 13.3 Income from equity investments in subsidiaries 35.3 34.7 — (70.0 ) — Other expense — — 7.2 — 7.2 Income before income taxes 26.2 38.3 46.7 (70.0 ) 41.2 Provision (benefit) for income taxes (3.3 ) 1.6 13.4 — 11.7 Net income (loss) $ 29.5 $ 36.7 $ 33.3 $ (70.0 ) $ 29.5 Comprehensive income (loss) $ 6.8 $ 7.6 $ 4.8 $ (12.4 ) $ 6.8 Condensed Consolidating Balance Sheet March 26, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total ASSETS Cash and cash equivalents $ — $ 0.6 $ 98.0 $ — $ 98.6 Accounts receivable, net — — 164.5 — 164.5 Inventories — — 274.4 — 274.4 Non-trade amounts receivable, net — 51.3 96.4 (96.1 ) 51.6 Intercompany receivables 14.4 749.1 233.6 (997.1 ) — Prepaid expenses and other current assets 0.7 2.0 123.2 (92.1 ) 33.8 Total current assets 15.1 803.0 990.1 (1,185.3 ) 622.9 Deferred income tax benefits, net 142.7 219.2 151.1 — 513.0 Property, plant and equipment, net — 45.7 207.2 — 252.9 Long-term receivables, net — 0.1 12.6 — 12.7 Trademarks and tradenames, net — — 80.9 — 80.9 Goodwill — 2.9 143.4 — 146.3 Investments in subsidiaries 1,211.7 1,237.8 — (2,449.5 ) — Intercompany notes receivable 468.0 95.6 605.4 (1,169.0 ) — Other assets, net 1.5 0.8 95.2 (68.9 ) 28.6 Total assets $ 1,839.0 $ 2,405.1 $ 2,285.9 $ (4,872.7 ) $ 1,657.3 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ — $ 1.8 $ 92.6 $ — $ 94.4 Short-term borrowings and current portion of long-term debt and capital lease obligations 128.0 1.3 105.5 — 234.8 Intercompany payables 686.6 231.6 78.9 (997.1 ) — Accrued liabilities 158.4 118.0 259.4 (188.3 ) 347.5 Total current liabilities 973.0 352.7 536.4 (1,185.4 ) 676.7 Long-term debt and capital lease obligations 599.3 — 8.8 — 608.1 Intercompany notes payable 85.0 790.4 293.6 (1,169.0 ) — Other liabilities 12.1 93.3 166.3 (68.8 ) 202.9 Shareholders' equity 169.6 1,168.7 1,280.8 (2,449.5 ) 169.6 Total liabilities and shareholders' equity $ 1,839.0 $ 2,405.1 $ 2,285.9 $ (4,872.7 ) $ 1,657.3 Condensed Consolidating Balance Sheet December 26, 2015 (In millions) Parent Guarantor Non-Guarantors Eliminations Total ASSETS Cash and cash equivalents $ — $ — $ 79.8 $ — $ 79.8 Accounts receivable, net — — 142.7 — 142.7 Inventories — — 254.6 — 254.6 Non-trade amounts receivable, net 0.1 30.1 109.6 (94.3 ) 45.5 Intercompany receivables 11.8 754.2 228.8 (994.8 ) — Prepaid expenses and other current assets 1.1 3.3 118.1 (94.6 ) 27.9 Total current assets 13.0 787.6 933.6 (1,183.7 ) 550.5 Deferred income tax benefits, net 143.5 219.9 161.5 — 524.9 Property, plant and equipment, net — 46.6 207.0 — 253.6 Long-term receivables, net — 0.1 13.1 — 13.2 Trademarks and tradenames, net — — 82.7 — 82.7 Goodwill — 2.9 143.4 — 146.3 Investments in subsidiaries 1,164.8 1,190.1 — (2,354.9 ) — Intercompany notes receivable 462.0 90.5 579.7 (1,132.2 ) — Other assets, net 1.6 0.6 108.1 (83.3 ) 27.0 Total assets $ 1,784.9 $ 2,338.3 $ 2,229.1 $ (4,754.1 ) $ 1,598.2 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ — $ 3.3 $ 123.5 $ (0.1 ) $ 126.7 Short-term borrowings and current portion of long-term debt and capital lease obligations 90.4 1.2 70.9 — 162.5 Intercompany payables 688.2 224.2 82.4 (994.8 ) — Accrued liabilities 155.1 111.5 247.1 (188.9 ) 324.8 Total current liabilities 933.7 340.2 523.9 (1,183.8 ) 614.0 Long-term debt and capital lease obligations 599.3 — 8.9 — 608.2 Intercompany notes payable 78.5 768.1 285.6 (1,132.2 ) — Other liabilities 12.4 107.8 178.0 (83.2 ) 215.0 Shareholders' equity 161.0 1,122.2 1,232.7 (2,354.9 ) 161.0 Total liabilities and shareholders' equity $ 1,784.9 $ 2,338.3 $ 2,229.1 $ (4,754.1 ) $ 1,598.2 Condensed Consolidating Statement of Cash Flows 13 Weeks Ended March 26, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Operating Activities: Net cash provided by (used in) operating activities $ 1.9 $ (20.9 ) $ 10.1 $ 1.4 $ (7.5 ) Investing Activities: Capital expenditures — (2.4 ) (7.0 ) — (9.4 ) Proceeds from disposal of property, plant and equipment — — 0.4 — 0.4 Net intercompany loans 0.5 (1.4 ) (18.7 ) 19.6 — Net cash provided by (used in) investing activities 0.5 (3.8 ) (25.3 ) 19.6 (9.0 ) Financing Activities: Dividend payments to shareholders (35.0 ) — — — (35.0 ) Dividend payments to parent — — (1.5 ) 1.5 — Repurchase of common stock (0.8 ) — — — (0.8 ) Repayment of capital lease obligations — — (0.4 ) — (0.4 ) Net change in short-term debt 34.9 — 31.8 — 66.7 Net intercompany borrowings (1.5 ) 25.3 (1.3 ) (22.5 ) — Net cash provided by (used in) financing activities (2.4 ) 25.3 28.6 (21.0 ) 30.5 Effect of exchange rate changes on cash and cash equivalents — — 4.8 — 4.8 Net change in cash and cash equivalents — 0.6 18.2 — 18.8 Cash and cash equivalents at beginning of year — — 79.8 — 79.8 Cash and cash equivalents at end of period $ — $ 0.6 $ 98.0 $ — $ 98.6 Condensed Consolidating Statement of Cash Flows 13 Weeks Ended March 28, 2015 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Operating Activities: Net cash provided by (used in) operating activities $ 470.8 $ (29.3 ) $ 42.7 $ (496.0 ) $ (11.8 ) Investing Activities: Capital expenditures — (3.8 ) (10.1 ) — (13.9 ) Proceeds from disposal of property, plant and equipment — — 2.1 — 2.1 Net intercompany loans (403.2 ) 70.4 29.1 303.7 — Return of capital — 105.5 — (105.5 ) — Net cash provided by (used in) investing activities (403.2 ) 172.1 21.1 198.2 (11.8 ) Financing Activities: Dividend payments to shareholders (35.7 ) — — — (35.7 ) Dividend payments to parent — (400.0 ) (76.4 ) 476.4 — Proceeds from exercise of stock options 3.1 — — — 3.1 Repurchase of common stock (0.9 ) — — — (0.9 ) Repayment of capital lease obligations — — (0.9 ) — (0.9 ) Net change in short-term debt 80.5 (2.3 ) (6.5 ) — 71.7 Excess tax benefits from share-based payment arrangements 0.8 — — — 0.8 Net intercompany borrowings (115.4 ) 260.0 139.5 (284.1 ) — Return of capital to parent — — (105.5 ) 105.5 — Net cash provided by (used in) financing activities (67.6 ) (142.3 ) (49.8 ) 297.8 38.1 Effect of exchange rate changes on cash and cash equivalents — (0.2 ) (7.4 ) — (7.6 ) Net change in cash and cash equivalents — 0.3 6.6 — 6.9 Cash and cash equivalents at beginning of year — — 77.0 — 77.0 Cash and cash equivalents at end of period $ — $ 0.3 $ 83.6 $ — $ 83.9

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 26, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the FASB issued an amendment to existing guidance regarding revenue from contracts with customers. The amendment outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers. In August 2015, the FASB issued an amendment to defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. In March and April 2016, the FASB issued amendments to provide clarification on implementation guidance. The August 2015 amendment also allows early adoption of the revenue standard, but not before the original effective date of December 15, 2016. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements. In March 2016, the FASB issued an amendment to existing guidance regarding employee share-based payment. Under the amendment, all excess tax benefits and tax deficits will be recognized in the income statement. Regardless of the impact on taxes payable, the tax benefits will be recognized in the current period and excess tax benefits will be classified as an element of cash flow operating activities. In addition, the amendment included simplification to existing guidance on forfeitures, intrinsic value and the withholding of shares for participants' personal income taxes. This guidance is effective for fiscal years beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements. In February 2016, the FASB issued an amendment to existing guidance on lease accounting that requires the assets and liabilities arising from operating leases be presented in the balance sheet. This guidance is effective for fiscal years beginning after December 15, 2018. Early adoption is permitted. The Company is currently evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements.

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 26, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The condensed consolidated financial statements include the accounts of Tupperware Brands Corporation and its subsidiaries, collectively “Tupperware” or the “Company”, with all intercompany transactions and balances having been eliminated. These condensed consolidated financial statements and related notes should be read in conjunction with the audited 2015 financial statements included in the Company's Annual Report on Form 10-K for the year ended December 26, 2015 . Certain prior year amounts have been reclassified to conform with current year presentation. These condensed consolidated financial statements are unaudited and have been prepared following the rules and regulations of the United States Securities and Exchange Commission and, in the Company's opinion, reflect all adjustments, including normal recurring items that are necessary for a fair presentation of the results for the interim periods. Certain information and note disclosures normally included in the balance sheet, statements of income, comprehensive income and cash flows prepared in conformity with accounting principles generally accepted in the United States of America have been condensed or omitted as permitted by such rules and regulations. Operating results of any interim period presented herein are not necessarily indicative of the results that may be expected for a full fiscal year. The Company's fiscal year ends on the last Saturday of December. As a result, the 2016 fiscal year will include 53 weeks, as compared with 52 weeks for fiscal 2015, and the fourth quarter of 2016 will include 14 weeks.
Use of Estimates	Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from these estimates.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 26, 2016
Inventory, Net [Abstract]
Components of Inventories	Inventories (In millions) March 26, December 26, Finished goods $ 214.5 $ 203.2 Work in process 24.3 21.0 Raw materials and supplies 35.6 30.4 Total inventories $ 274.4 $ 254.6

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	3 Months Ended
	Mar. 26, 2016
Earnings Per Share [Abstract]
Elements of Earnings per Share Computations	The elements of the earnings per share computations were as follows: 13 weeks ended (In millions, except per share amounts) March 26, March 28, Net income $ 43.4 $ 29.5 Weighted-average shares of common stock outstanding 50.4 49.7 Common equivalent shares: Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units 0.2 0.6 Weighted-average common and common equivalent shares outstanding 50.6 50.3 Basic earnings per share $ 0.86 $ 0.59 Diluted earnings per share $ 0.86 $ 0.59 Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive 1.8 0.6

Accumulated Other Comprehensi29

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 26, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Rollforward of accumulated other comprehensive loss	Accumulated Other Comprehensive Loss (In millions, net of tax) Foreign Currency Items Cash Flow Hedges Pension and Other Post-retirement Items Total Balance at December 26, 2015 $ (490.6 ) $ 4.3 $ (35.7 ) $ (522.0 ) Other comprehensive income (loss) before reclassifications 2.3 (1.4 ) (1.0 ) (0.1 ) Amounts reclassified from accumulated other comprehensive loss — (2.3 ) 0.1 (2.2 ) Net current-period other comprehensive income (loss) 2.3 (3.7 ) (0.9 ) (2.3 ) Balance at March 26, 2016 $ (488.3 ) $ 0.6 $ (36.6 ) $ (524.3 ) (In millions, net of tax) Foreign Currency Items Cash Flow Hedges Pension and Other Post-retirement Items Total Balance at December 27, 2014 $ (368.3 ) $ 7.8 $ (48.2 ) $ (408.7 ) Other comprehensive income (loss) before reclassifications (25.2 ) 3.0 2.4 (19.8 ) Amounts reclassified from accumulated other comprehensive loss — (3.4 ) 0.5 (2.9 ) Net current-period other comprehensive income (loss) (25.2 ) (0.4 ) 2.9 (22.7 ) Balance at March 28, 2015 $ (393.5 ) $ 7.4 $ (45.3 ) $ (431.4 )

Re-engineering and Impairment30

Re-engineering and Impairment Costs (Tables)	3 Months Ended
	Mar. 26, 2016
Restructuring Charges [Abstract]
Accrued Liabilities, Re-engineering and Impairment Charges Rollforward	The balances included in accrued liabilities related to re-engineering and impairment charges as of March 26, 2016 and December 26, 2015 were as follows: (In millions) March 26, December 26, Beginning of the year balance $ 1.7 $ 2.4 Provision 1.1 6.8 Non-cash charges — (0.2 ) Cash expenditures: Severance (0.8 ) (5.8 ) Other (0.7 ) (1.5 ) End of period balance $ 1.3 $ 1.7

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 26, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	13 weeks ended (In millions) March 26, March 28, Net sales: Europe $ 153.9 $ 173.8 Asia Pacific 171.6 189.6 Tupperware North America 83.2 79.5 Beauty North America 48.9 62.9 South America 68.1 76.0 Total net sales $ 525.7 $ 581.8 Segment profit (loss): Europe $ 25.2 $ 28.9 Asia Pacific 36.9 39.4 Tupperware North America 14.6 13.0 Beauty North America (1.7 ) (0.3 ) South America 13.0 3.2 Total segment profit $ 88.0 $ 84.2 Unallocated expenses (17.4 ) (14.6 ) Re-engineering and impairment charges (a) (1.1 ) (16.2 ) Gains on disposal of assets 0.1 0.6 Interest expense, net (11.4 ) (12.8 ) Income before taxes $ 58.2 $ 41.2 (In millions) March 26, December 26, Identifiable assets: Europe $ 286.5 $ 271.6 Asia Pacific 312.8 295.1 Tupperware North America 133.1 121.2 Beauty North America 239.4 254.0 South America 110.7 96.9 Corporate 574.8 559.4 Total identifiable assets $ 1,657.3 $ 1,598.2 _________________________ (a) See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 26, 2016
Debt Disclosure [Abstract]
Schedule of Total Debt Obligations	(In millions) March 26, 2016 December 26, 2015 Fixed rate senior notes due 2021 $ 599.3 $ 599.3 Five year Revolving Credit Agreement (a) 231.3 155.8 Belgium facility capital lease 10.6 10.6 Other 1.7 5.0 Total debt obligations $ 842.9 $ 770.7 ____________________ (a) $194.3 million denominated in euros as of March 26, 2016 .

Derivative Instruments and He33

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 26, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Schedule Of Company's Derivative Position And Its Impact On Company Table	The following table summarizes the Company's derivative positions, which are the only assets and liabilities recorded at fair value on a recurring basis, and the impact they had on the Company's financial position as of March 26, 2016 and December 26, 2015 . Fair values were determined based on third party quotations (Level 2 fair value measurement): Asset derivatives Liability derivatives Fair value Fair value Derivatives designated as hedging instruments ( in millions ) Balance sheet location Mar 26, Dec 26, Balance sheet location Mar 26, Dec 26, Foreign exchange contracts Non-trade amounts receivable $ 20.3 $ 21.5 Accrued liabilities $ 31.2 $ 14.6 The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the first quarters of 2016 and 2015 : Derivatives designated as fair value hedges (in millions) Location of gain or (loss) recognized in income on derivatives Amount of gain or (loss) recognized in income on derivatives Location of gain or (loss) recognized in income on related hedged items Amount of gain or (loss) recognized in income on related hedged items 2016 2015 2016 2015 Foreign exchange contracts Other expense $ 1.5 $ (24.7 ) Other expense $ (1.5 ) $ 25.1 The following table summarizes the impact of Company's hedging activities on comprehensive income for the first quarters of 2016 and 2015 : Cash flow and net equity hedges (in millions) Amount of gain or (loss) recognized in OCI (effective portion) Location of gain or (loss) reclassified from accumulated OCI into income (effective portion) Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion) Location of gain or (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing) Amount of gain or (loss) recognized in income (ineffective portion and amount excluded from effectiveness testing) Cash flow hedging relationships 2016 2015 2016 2015 2016 2015 Foreign exchange contracts $ (1.6 ) $ 3.4 Cost of products sold $ 3.1 $ 4.3 Interest expense $ (1.6 ) $ (2.9 ) Net equity hedging relationships Foreign exchange contracts (3.0 ) 19.5 Other expense — — Interest expense (5.2 ) (3.5 ) Euro denominated debt (2.7 ) 10.9 Other expense — — Interest expense — —

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	3 Months Ended
	Mar. 26, 2016
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Components of Net Periodic Benefit Cost	Components of net periodic benefit cost for the first quarters ended March 26, 2016 and March 28, 2015 were as follows: First Quarter Pension benefits Post-retirement benefits (In millions) 2016 2015 2016 2015 Service cost $ 2.7 $ 2.8 $ — $ — Interest cost 1.6 1.8 0.2 0.2 Expected return on plan assets (1.4 ) (1.4 ) — — Net amortization 0.4 1.0 (0.3 ) (0.3 ) Net periodic benefit cost $ 3.3 $ 4.2 $ (0.1 ) $ (0.1 )

Stock Based Compensation (Table

Stock Based Compensation (Tables)	3 Months Ended
	Mar. 26, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	Stock option activity for 2016 is summarized in the following table: Shares subject to option Weighted average exercise price per share Aggregate intrinsic value (in millions) Outstanding at December 26, 2015 2,100,478 $ 56.92 Expired / Forfeited (5,570 ) 61.55 Outstanding at March 26, 2016 2,094,908 $ 56.91 $ 7.6 Exercisable at March 26, 2016 1,262,544 $ 54.63 $ 7.6
Time Vested, Performance Vested and Market Vested Share Awards Activity	The Company also has time-vested, performance-vested and market-vested share awards. The activity for such awards in 2016 is summarized in the following table: Shares outstanding Weighted average grant date fair value December 26, 2015 550,467 $ 69.71 Time-vested shares granted 14,000 56.86 Market-vested shares granted 30,019 49.55 Performance shares granted 89,321 49.95 Performance share adjustments (14,151 ) 62.85 Vested (82,050 ) 78.65 Forfeited (14,393 ) 74.40 March 26, 2016 573,213 $ 63.96
Schedule of Compensation Expense	Compensation expense related to the Company's stock based compensation was as follows: (In millions) March 26, 2016 March 28, 2015 Stock options $ 0.6 $ 0.6 Time, performance and market vested share awards 3.3 3.2

Allowance for Long-Term Recei36

Allowance for Long-Term Receivables (Tables)	3 Months Ended
	Mar. 26, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Allowance for Long-Term Receivables Rollforward	The balance of the allowance for long-term receivables as of March 26, 2016 was as follows: (In millions) Balance at December 26, 2015 $ 11.2 Write-offs (0.9 ) Provision and reclassifications 0.8 Currency translation adjustment 0.4 Balance at March 26, 2016 $ 11.5

Guarantor Information (Tables)

Guarantor Information (Tables)	3 Months Ended
	Mar. 26, 2016
Guarantor Information [Abstract]
Consolidating Statement of Income	Consolidating Statement of Income 13 Weeks Ended March 26, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 527.0 $ (1.3 ) $ 525.7 Other revenue — 25.3 7.7 (33.0 ) — Cost of products sold — 7.7 190.2 (31.9 ) 166.0 Gross margin — 17.6 344.5 (2.4 ) 359.7 Delivery, sales and administrative expense 3.2 22.4 265.5 (2.4 ) 288.7 Re-engineering and impairment charges — — 1.1 — 1.1 Gains on disposal of assets — — 0.1 — 0.1 Operating income (loss) (3.2 ) (4.8 ) 78.0 — 70.0 Interest income 5.1 0.4 6.2 (11.0 ) 0.7 Interest expense 8.7 12.3 2.1 (11.0 ) 12.1 Income from equity investments in subsidiaries 47.8 53.4 — (101.2 ) — Other expense (income) — (4.1 ) 4.5 — 0.4 Income before income taxes 41.0 40.8 77.6 (101.2 ) 58.2 Provision (benefit) for income taxes (2.4 ) (7.2 ) 24.4 — 14.8 Net income (loss) $ 43.4 $ 48.0 $ 53.2 $ (101.2 ) $ 43.4 Comprehensive income (loss) $ 41.1 $ 47.1 $ 49.5 $ (96.6 ) $ 41.1 Consolidating Statement of Income 13 Weeks Ended March 28, 2015 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 582.0 $ (0.2 ) $ 581.8 Other revenue — 28.3 5.2 (33.5 ) — Cost of products sold — 5.2 218.1 (31.7 ) 191.6 Gross margin — 23.1 369.1 (2.0 ) 390.2 Delivery, sales and administrative expense 3.5 17.9 294.0 (2.0 ) 313.4 Re-engineering and impairment charges — — 16.2 — 16.2 Gains on disposal of assets — — 0.6 — 0.6 Operating income (loss) (3.5 ) 5.2 59.5 — 61.2 Interest income 7.2 6.5 1.0 (14.2 ) 0.5 Interest expense 12.8 8.1 6.6 (14.2 ) 13.3 Income from equity investments in subsidiaries 35.3 34.7 — (70.0 ) — Other expense — — 7.2 — 7.2 Income before income taxes 26.2 38.3 46.7 (70.0 ) 41.2 Provision (benefit) for income taxes (3.3 ) 1.6 13.4 — 11.7 Net income (loss) $ 29.5 $ 36.7 $ 33.3 $ (70.0 ) $ 29.5 Comprehensive income (loss) $ 6.8 $ 7.6 $ 4.8 $ (12.4 ) $ 6.8
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet March 26, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total ASSETS Cash and cash equivalents $ — $ 0.6 $ 98.0 $ — $ 98.6 Accounts receivable, net — — 164.5 — 164.5 Inventories — — 274.4 — 274.4 Non-trade amounts receivable, net — 51.3 96.4 (96.1 ) 51.6 Intercompany receivables 14.4 749.1 233.6 (997.1 ) — Prepaid expenses and other current assets 0.7 2.0 123.2 (92.1 ) 33.8 Total current assets 15.1 803.0 990.1 (1,185.3 ) 622.9 Deferred income tax benefits, net 142.7 219.2 151.1 — 513.0 Property, plant and equipment, net — 45.7 207.2 — 252.9 Long-term receivables, net — 0.1 12.6 — 12.7 Trademarks and tradenames, net — — 80.9 — 80.9 Goodwill — 2.9 143.4 — 146.3 Investments in subsidiaries 1,211.7 1,237.8 — (2,449.5 ) — Intercompany notes receivable 468.0 95.6 605.4 (1,169.0 ) — Other assets, net 1.5 0.8 95.2 (68.9 ) 28.6 Total assets $ 1,839.0 $ 2,405.1 $ 2,285.9 $ (4,872.7 ) $ 1,657.3 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ — $ 1.8 $ 92.6 $ — $ 94.4 Short-term borrowings and current portion of long-term debt and capital lease obligations 128.0 1.3 105.5 — 234.8 Intercompany payables 686.6 231.6 78.9 (997.1 ) — Accrued liabilities 158.4 118.0 259.4 (188.3 ) 347.5 Total current liabilities 973.0 352.7 536.4 (1,185.4 ) 676.7 Long-term debt and capital lease obligations 599.3 — 8.8 — 608.1 Intercompany notes payable 85.0 790.4 293.6 (1,169.0 ) — Other liabilities 12.1 93.3 166.3 (68.8 ) 202.9 Shareholders' equity 169.6 1,168.7 1,280.8 (2,449.5 ) 169.6 Total liabilities and shareholders' equity $ 1,839.0 $ 2,405.1 $ 2,285.9 $ (4,872.7 ) $ 1,657.3 Condensed Consolidating Balance Sheet December 26, 2015 (In millions) Parent Guarantor Non-Guarantors Eliminations Total ASSETS Cash and cash equivalents $ — $ — $ 79.8 $ — $ 79.8 Accounts receivable, net — — 142.7 — 142.7 Inventories — — 254.6 — 254.6 Non-trade amounts receivable, net 0.1 30.1 109.6 (94.3 ) 45.5 Intercompany receivables 11.8 754.2 228.8 (994.8 ) — Prepaid expenses and other current assets 1.1 3.3 118.1 (94.6 ) 27.9 Total current assets 13.0 787.6 933.6 (1,183.7 ) 550.5 Deferred income tax benefits, net 143.5 219.9 161.5 — 524.9 Property, plant and equipment, net — 46.6 207.0 — 253.6 Long-term receivables, net — 0.1 13.1 — 13.2 Trademarks and tradenames, net — — 82.7 — 82.7 Goodwill — 2.9 143.4 — 146.3 Investments in subsidiaries 1,164.8 1,190.1 — (2,354.9 ) — Intercompany notes receivable 462.0 90.5 579.7 (1,132.2 ) — Other assets, net 1.6 0.6 108.1 (83.3 ) 27.0 Total assets $ 1,784.9 $ 2,338.3 $ 2,229.1 $ (4,754.1 ) $ 1,598.2 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ — $ 3.3 $ 123.5 $ (0.1 ) $ 126.7 Short-term borrowings and current portion of long-term debt and capital lease obligations 90.4 1.2 70.9 — 162.5 Intercompany payables 688.2 224.2 82.4 (994.8 ) — Accrued liabilities 155.1 111.5 247.1 (188.9 ) 324.8 Total current liabilities 933.7 340.2 523.9 (1,183.8 ) 614.0 Long-term debt and capital lease obligations 599.3 — 8.9 — 608.2 Intercompany notes payable 78.5 768.1 285.6 (1,132.2 ) — Other liabilities 12.4 107.8 178.0 (83.2 ) 215.0 Shareholders' equity 161.0 1,122.2 1,232.7 (2,354.9 ) 161.0 Total liabilities and shareholders' equity $ 1,784.9 $ 2,338.3 $ 2,229.1 $ (4,754.1 ) $ 1,598.2
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows 13 Weeks Ended March 26, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Operating Activities: Net cash provided by (used in) operating activities $ 1.9 $ (20.9 ) $ 10.1 $ 1.4 $ (7.5 ) Investing Activities: Capital expenditures — (2.4 ) (7.0 ) — (9.4 ) Proceeds from disposal of property, plant and equipment — — 0.4 — 0.4 Net intercompany loans 0.5 (1.4 ) (18.7 ) 19.6 — Net cash provided by (used in) investing activities 0.5 (3.8 ) (25.3 ) 19.6 (9.0 ) Financing Activities: Dividend payments to shareholders (35.0 ) — — — (35.0 ) Dividend payments to parent — — (1.5 ) 1.5 — Repurchase of common stock (0.8 ) — — — (0.8 ) Repayment of capital lease obligations — — (0.4 ) — (0.4 ) Net change in short-term debt 34.9 — 31.8 — 66.7 Net intercompany borrowings (1.5 ) 25.3 (1.3 ) (22.5 ) — Net cash provided by (used in) financing activities (2.4 ) 25.3 28.6 (21.0 ) 30.5 Effect of exchange rate changes on cash and cash equivalents — — 4.8 — 4.8 Net change in cash and cash equivalents — 0.6 18.2 — 18.8 Cash and cash equivalents at beginning of year — — 79.8 — 79.8 Cash and cash equivalents at end of period $ — $ 0.6 $ 98.0 $ — $ 98.6 Condensed Consolidating Statement of Cash Flows 13 Weeks Ended March 28, 2015 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Operating Activities: Net cash provided by (used in) operating activities $ 470.8 $ (29.3 ) $ 42.7 $ (496.0 ) $ (11.8 ) Investing Activities: Capital expenditures — (3.8 ) (10.1 ) — (13.9 ) Proceeds from disposal of property, plant and equipment — — 2.1 — 2.1 Net intercompany loans (403.2 ) 70.4 29.1 303.7 — Return of capital — 105.5 — (105.5 ) — Net cash provided by (used in) investing activities (403.2 ) 172.1 21.1 198.2 (11.8 ) Financing Activities: Dividend payments to shareholders (35.7 ) — — — (35.7 ) Dividend payments to parent — (400.0 ) (76.4 ) 476.4 — Proceeds from exercise of stock options 3.1 — — — 3.1 Repurchase of common stock (0.9 ) — — — (0.9 ) Repayment of capital lease obligations — — (0.9 ) — (0.9 ) Net change in short-term debt 80.5 (2.3 ) (6.5 ) — 71.7 Excess tax benefits from share-based payment arrangements 0.8 — — — 0.8 Net intercompany borrowings (115.4 ) 260.0 139.5 (284.1 ) — Return of capital to parent — — (105.5 ) 105.5 — Net cash provided by (used in) financing activities (67.6 ) (142.3 ) (49.8 ) 297.8 38.1 Effect of exchange rate changes on cash and cash equivalents — (0.2 ) (7.4 ) — (7.6 ) Net change in cash and cash equivalents — 0.3 6.6 — 6.9 Cash and cash equivalents at beginning of year — — 77.0 — 77.0 Cash and cash equivalents at end of period $ — $ 0.3 $ 83.6 $ — $ 83.9

Shipping and Handling Costs (De

Shipping and Handling Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Shipping and Handling Costs [Abstract]
Distribution costs	$ 31.7	$ 34.7

Promotional Costs (Details)

Promotional Costs (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Promotional Costs [Abstract]
Promotional and other sales force compensation expenses	$ 93.7	$ 102

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 26, 2016	Dec. 26, 2015
Inventory, Net [Abstract]
Finished goods	$ 214.5	$ 203.2
Work in process	24.3	21
Raw materials and supplies	35.6	30.4
Total inventories	$ 274.4	$ 254.6

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Net Income Per Common Share [Line Items]
Net income	$ 43.4	$ 29.5
Weighted-average shares of common stock outstanding	50.4	49.7
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units	0.2	0.6
Weighted-average common and common equivalent shares outstanding	50.6	50.3
Basic earnings per share	$ 0.86	$ 0.59
Diluted earnings per share	$ 0.86	$ 0.59
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive	1.8	0.6

Accumulated Other Comprehensi42

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Dec. 26, 2015	Dec. 27, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (524.3)	$ (431.4)	$ (522)	$ (408.7)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(0.1)	(19.8)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(2.2)	(2.9)
Other Comprehensive Income (Loss), Net of Tax	(2.3)	(22.7)
Amounts reclassified from accumulated other comprehensive loss, cash flow hedges, before tax	3.1	4.3
Amounts reclassified from accumulated other comprehensive loss, cash flow hedges, tax	(0.8)	(0.9)
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, prior service benefit, before tax	0.3	0.3
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, actuarial losses, before tax	(0.4)	(1)
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, tax	0	0.2
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(488.3)	(393.5)	(490.6)	(368.3)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	2.3	(25.2)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	2.3	(25.2)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	0.6	7.4	4.3	7.8
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(1.4)	3
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(2.3)	(3.4)
Other Comprehensive Income (Loss), Net of Tax	(3.7)	(0.4)
Pension and Other Post-retirement Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(36.6)	(45.3)	$ (35.7)	$ (48.2)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(1)	2.4
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0.1	0.5
Other Comprehensive Income (Loss), Net of Tax	$ (0.9)	$ 2.9

Re-engineering and Impairment43

Re-engineering and Impairment Costs (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Feb. 28, 2015	Mar. 26, 2016	Mar. 28, 2015	Dec. 26, 2015
Restructuring Cost and Reserve [Line Items]
Property, plant and equipment, net		$ 252.9		$ 253.6
Restructuring Reserve [Roll Forward]
Beginning of the year balance		1.7	$ 2.4	2.4
Provision		1.1	$ 2.7	6.8
Non-cash charges		0		(0.2)
End of period balance		1.3		1.7
Severance
Restructuring Reserve [Roll Forward]
Cash expenditures		(0.8)		(5.8)
Other
Restructuring Reserve [Roll Forward]
Cash expenditures		$ (0.7)		$ (1.5)
Venezuela
Restructuring Cost and Reserve [Line Items]
Impairment of Long-Lived Assets Held-for-use	$ 13.5
Fair Value, Measurements, Nonrecurring [Member] | Venezuela
Restructuring Cost and Reserve [Line Items]
Property, plant and equipment, net	15.7
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Venezuela
Restructuring Cost and Reserve [Line Items]
Property, Plant, and Equipment, Fair Value Disclosure	$ 2.2

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions		3 Months Ended			12 Months Ended
		Mar. 26, 2016	Mar. 28, 2015		Dec. 26, 2015
Segment Reporting Information [Line Items]
Net sales		$ 525.7	$ 581.8
Segment profit (loss)		88	84.2
Unallocated expenses		(17.4)	(14.6)
Re-engineering and impairment charges (a)	[1]	(1.1)	(16.2)
Gains on disposal of assets		0.1	0.6
Interest expense, net		(11.4)	(12.8)
Income before income taxes		58.2	41.2
Total identifiable assets		1,657.3			$ 1,598.2
Europe
Segment Reporting Information [Line Items]
Net sales		153.9	173.8
Segment profit (loss)		25.2	28.9
Total identifiable assets		286.5			271.6
Asia Pacific
Segment Reporting Information [Line Items]
Net sales		171.6	189.6
Segment profit (loss)		36.9	39.4
Total identifiable assets		312.8			295.1
Tupperware North America
Segment Reporting Information [Line Items]
Net sales		83.2	79.5
Segment profit (loss)		14.6	13
Total identifiable assets		133.1			121.2
Beauty North America
Segment Reporting Information [Line Items]
Net sales		48.9	62.9
Segment profit (loss)		(1.7)	(0.3)	[1]
Total identifiable assets		239.4			254
South America
Segment Reporting Information [Line Items]
Net sales		68.1	76
Segment profit (loss)		13	3.2
Total identifiable assets		110.7			96.9
Corporate
Segment Reporting Information [Line Items]
Total identifiable assets		574.8			$ 559.4
Beauty and Personal Care Products [Member]
Segment Reporting Information [Line Items]
Net sales		$ 84.2	$ 113.1
Sales Revenue, Segment [Member] | Nutrimetics France [Member]
Segment Reporting Information [Line Items]
Percentage of Company sales					0.50%
[1]	(a)See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

Debt (Details)

Debt (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016		Dec. 26, 2015
Debt Instrument [Line Items]
Debt and Capital Lease Obligations	$ 842.9		$ 770.7
Unused lines of credit	597.4
Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Long-term Debt	599.3		599.3
Five-Year Senior Secured Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	$ 231.3	[1]	155.8
Variable rate basis	LIBOR
Unused lines of credit	$ 336.9
Five-Year Senior Secured Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Weighted average interest rate on LIBOR-based borrowings	1.56%
Belgium Facility Capital Lease [Member]
Debt Instrument [Line Items]
Capital Lease Obligations	$ 10.6		10.6
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt	1.7		$ 5
Uncommitted Lines of credit [Member]
Debt Instrument [Line Items]
Unused lines of credit	260.5
Euro | Five-Year Senior Secured Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	$ 194.3
[1]	(a)$194.3 million denominated in euros

Derivative Instruments and He46

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Derivative Instruments, Gain (Loss) [Line Items]
Net cash impact from hedging activity	$ 10.7	$ 3.6
Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	$ 3.9	2.8
Cash Flow Hedging [Member] | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Lower Remaining Maturity Range	1 month
Derivative, Higher Remaining Maturity Range	15 months
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	12 months
Cash Flow Hedging [Member] | Foreign exchange contracts | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	$ (1.6)	(2.9)
Net Equity Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax	(3.7)	19.5
Net Equity Hedging [Member] | Foreign exchange contracts | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	$ (5.2)	$ (3.5)

Derivative Instruments and He47

Derivative Instruments and Hedging Activities (Outstanding Derivative Financial Instruments at Notional Value) (Details) - Forward Contracts [Member] - USD ($) $ in Millions	Mar. 26, 2016	Dec. 26, 2015
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 125.6	$ 141.9
Derivative Liability, Notional Amount	139.5	$ 137.4
Euro | Long [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	66.4
Mexican Pesos | Short [Member]
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 37.2

Derivative Instruments and He48

Derivative Instruments and Hedging Activities (Company's Derivative Positions and Their Impact on Financial Position) (Details) - Significant Other Observable Inputs (Level 2) - Designated as Hedging Instrument [Member] - Foreign exchange contracts - USD ($) $ in Millions	Mar. 26, 2016	Dec. 26, 2015
Non-trade amounts receivable
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 20.3	$ 21.5
Accrued liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	$ 31.2	$ 14.6

Derivative Instruments and He49

Derivative Instruments and Hedging Activities (Company's Derivative Positions and Their Impact on Company's Operations) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	$ 3.9	$ 2.8
Fair Value Hedging [Member] | Other expense | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives	1.5	(24.7)
Amount of gain or (loss) recognized in income on related hedged items	(1.5)	25.1
Cash Flow Hedging [Member] | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in OCI on derivatives (effective portion)	(1.6)	3.4
Cash Flow Hedging [Member] | Cost of products sold | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)	3.1	4.3
Cash Flow Hedging [Member] | Interest expense | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	(1.6)	(2.9)
Net Equity Hedging [Member] | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in OCI on derivatives (effective portion)	(3)	19.5
Net Equity Hedging [Member] | Euro Denominated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in OCI on derivatives (effective portion)	(2.7)	10.9
Net Equity Hedging [Member] | Other expense | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)	0	0
Net Equity Hedging [Member] | Other expense | Euro Denominated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) reclassified from accumulated OCI into income (effective portion)	0	0
Net Equity Hedging [Member] | Interest expense | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	(5.2)	(3.5)
Net Equity Hedging [Member] | Interest expense | Euro Denominated Debt
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain or (loss) recognized in income on derivatives (ineffective portion and amount excluded from effectiveness testing)	$ 0	$ 0

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - Senior Notes Due 2021 [Member] - USD ($) $ in Millions	Mar. 26, 2016	Dec. 26, 2015	Jun. 02, 2011
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Stated interest rate			4.75%
Long-term Debt	$ 599.3	$ 599.3
Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 634.4

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Amortization	$ 0.1	$ 0.7
Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	2.7	2.8
Interest cost	1.6	1.8
Expected return on plan assets	(1.4)	(1.4)
Net amortization	0.4	1
Net periodic benefit cost	3.3	4.2
Post-retirement benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0
Interest cost	0.2	0.2
Expected return on plan assets	0	0
Net amortization	(0.3)	(0.3)
Net periodic benefit cost	$ (0.1)	$ (0.1)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015	Dec. 26, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	25.40%	28.40%
Gross unrecognized tax benefit	$ 21.7		$ 21.8
Unrecognized tax benefits that would impact effective tax rate, if recognized	19.8
Accrued interest and penalties related to uncertain tax positions	6		$ 6
Unrecognized Tax Benefits, Period Increase (Decrease)	(0.4)
Significant Change in Unrecognized Tax Benefits Reasonably Possible, Amount of Unrecorded Benefit	$ 1

Statement of Cash Flow Supple53

Statement of Cash Flow Supplemental Disclosure (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Other Significant Noncash Transactions [Line Items]
Shares Paid for Tax Withholding for Share Based Compensation	15,261	11,890
Shares Paid For Tax Withholding For Share Based Compensation, Value	$ 0.8	$ 0.9

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 26, 2016	Mar. 28, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	$ 28.9
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	2 years 2 months 12 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at December 26, 2015	2,100,478
Weighted Average Exercise Price Per Share Outstanding, Beginning of Period	$ 56.92
Expired / Forfeited	(5,570)
Weighted Average Exercise Price Per Share Outstanding, Expired/Forfeited	$ 61.55
Outstanding at March 26, 2016	2,094,908
Weighted Average Exercise Price Per Share Outstanding, End of Period	$ 56.91
Outstanding Shares Subject to Option, Aggregate Intrinsic Value	$ 7.6
Exercisable at March 26, 2016	1,262,544
Weighted Average Exercise Price Per Share Exercisable, End of Period	$ 54.63
Options Exercisable at End of Period, Aggregate Intrinsic Value	$ 7.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value	0	$ 2.2
Stock Option Expense	$ 0.6	0.6
Time Vested, Performance Vested and Market Vested Share Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares Outstanding, Beginning of Period	550,467
Weighted Average Grant Date Fair Value, Beginning of Period	$ 69.71
Shares Outstanding, Vested	(82,050)
Weighted Average Grant Date Fair Value, Vested	$ 78.65
Shares Outstanding, Forfeited	(14,393)
Weighted Average Grant Date Fair Value, Forfeited	$ 74.40
Shares Outstanding, End of Period	573,213
Weighted Average Grant Date Fair Value, End of Period	$ 63.96
Time, Performance and Market Vested Share Awards Expense	$ 3.3	$ 3.2
Time Vested Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares Outstanding, Granted	14,000
Weighted Average Grant Date Fair Value, Granted	$ 56.86
Market Vested Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares Outstanding, Granted	30,019
Weighted Average Grant Date Fair Value, Granted	$ 49.55
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares Outstanding, Granted	89,321
Weighted Average Grant Date Fair Value, Granted	$ 49.95
Shares Outstanding, Performance Share Adjustments	(14,151)
Weighted Average Grant Date Fair Value, Performance Share Adjustments	$ 62.85

Allowance for Long-Term Recei55

Allowance for Long-Term Receivables (Details) $ in Millions	3 Months Ended
	Mar. 26, 2016USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Long-Term Receivables Past Due	$ 13
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at December 26, 2015	11.2
Write-offs	(0.9)
Provision and reclassifications	0.8
Currency translation adjustment	0.4
Balance at March 26, 2016	$ 11.5

Guarantor Information (Details)

Guarantor Information (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 26, 2016	Mar. 28, 2015	Dec. 26, 2015	Dec. 27, 2014	Dec. 28, 2013
Net sales		$ 525.7	$ 581.8
Other revenue		0	0
Cost of products sold		166	191.6
Gross margin		359.7	390.2
Delivery, sales and administrative expense		288.7	313.4
Re-engineering and impairment charges	[1]	1.1	16.2
Gains on disposal of assets		0.1	0.6
Operating income		70	61.2
Interest income		0.7	0.5
Interest expense		12.1	13.3
Income from equity investments in subsidiaries		0	0
Other expense		0.4	7.2
Income before income taxes		58.2	41.2
Provision (benefit) for income taxes		14.8	11.7
Net income		43.4	29.5
Comprehensive income (loss)		41.1	6.8
ASSETS
Cash and cash equivalents		98.6	83.9	$ 79.8	$ 77	$ 77
Accounts receivable, net		164.5		142.7
Inventories		274.4		254.6
Non-trade amounts receivable, net		51.6		45.5
Intercompany receivables		0		0
Prepaid expenses and other current assets		33.8		27.9
Total current assets		622.9		550.5
Deferred income tax benefits, net		513		524.9
Property, plant and equipment, net		252.9		253.6
Long-term receivables, net		12.7		13.2
Trademarks and tradenames, net		80.9		82.7
Goodwill		146.3		146.3
Investments in subsidiaries		0		0
Intercompany notes receivable		0		0
Other assets, net		28.6		27
Total assets		1,657.3		1,598.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable		94.4		126.7
Short-term borrowings and current portion of long-term debt and capital lease obligations		234.8		162.5
Intercompany payables		0		0
Accrued liabilities		347.5		324.8
Total current liabilities		676.7		614
Long-term debt and capital lease obligations		608.1		608.2
Intercompany notes payable		0		0
Other liabilities		202.9		215
Total shareholders' equity		169.6		161
Total liabilities and shareholders' equity		1,657.3		1,598.2
Operating Activities:
Net cash used in operating activities		(7.5)	(11.8)
Investing Activities:
Capital expenditures		(9.4)	(13.9)
Proceeds from disposal of property, plant and equipment		0.4	2.1
Net intercompany loans		0	0
Return of capital			0
Net cash used in investing activities		(9)	(11.8)
Financing Activities:
Dividend payments to shareholders		(35)	(35.7)
Cash Dividends Paid to Parent Company		0	0
Proceeds from exercise of stock options		0	3.1
Repurchase of common stock		(0.8)	(0.9)
Repayment of capital lease obligations		(0.4)	(0.9)
Net change in short-term debt		66.7	71.7
Excess tax benefits from share-based payment arrangements		0	0.8
Net intercompany borrowings		0	0
Return of capital to parent			0
Net cash provided by financing activities		30.5	38.1
Effect of exchange rate changes on cash and cash equivalents		4.8	(7.6)
Net change in cash and cash equivalents		18.8	6.9
Parent
Net sales		0	0
Other revenue		0	0
Cost of products sold		0	0
Gross margin		0	0
Delivery, sales and administrative expense		3.2	3.5
Re-engineering and impairment charges		0	0
Gains on disposal of assets		0	0
Operating income		(3.2)	(3.5)
Interest income		5.1	7.2
Interest expense		8.7	12.8
Income from equity investments in subsidiaries		47.8	35.3
Other expense		0	0
Income before income taxes		41	26.2
Provision (benefit) for income taxes		(2.4)	(3.3)
Net income		43.4	29.5
Comprehensive income (loss)		41.1	6.8
ASSETS
Cash and cash equivalents		0	0	0		0
Accounts receivable, net		0		0
Inventories		0		0
Non-trade amounts receivable, net		0		0.1
Intercompany receivables		14.4		11.8
Prepaid expenses and other current assets		0.7		1.1
Total current assets		15.1		13
Deferred income tax benefits, net		142.7		143.5
Property, plant and equipment, net		0		0
Long-term receivables, net		0		0
Trademarks and tradenames, net		0		0
Goodwill		0		0
Investments in subsidiaries		1,211.7		1,164.8
Intercompany notes receivable		468		462
Other assets, net		1.5		1.6
Total assets		1,839		1,784.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable		0		0
Short-term borrowings and current portion of long-term debt and capital lease obligations		128		90.4
Intercompany payables		686.6		688.2
Accrued liabilities		158.4		155.1
Total current liabilities		973		933.7
Long-term debt and capital lease obligations		599.3		599.3
Intercompany notes payable		85		78.5
Other liabilities		12.1		12.4
Total shareholders' equity		169.6		161
Total liabilities and shareholders' equity		1,839		1,784.9
Operating Activities:
Net cash used in operating activities		1.9	470.8
Investing Activities:
Capital expenditures		0	0
Proceeds from disposal of property, plant and equipment		0	0
Net intercompany loans		0.5	(403.2)
Return of capital			0
Net cash used in investing activities		0.5	(403.2)
Financing Activities:
Dividend payments to shareholders		(35)	(35.7)
Cash Dividends Paid to Parent Company		0	0
Proceeds from exercise of stock options			3.1
Repurchase of common stock		(0.8)	(0.9)
Repayment of capital lease obligations		0	0
Net change in short-term debt		34.9	80.5
Excess tax benefits from share-based payment arrangements			0.8
Net intercompany borrowings		(1.5)	(115.4)
Return of capital to parent			0
Net cash provided by financing activities		(2.4)	(67.6)
Effect of exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents		$ 0	0
Guarantor
Equity Method Investment, Ownership Percentage		100.00%
Net sales		$ 0	0
Other revenue		25.3	28.3
Cost of products sold		7.7	5.2
Gross margin		17.6	23.1
Delivery, sales and administrative expense		22.4	17.9
Re-engineering and impairment charges		0	0
Gains on disposal of assets		0	0
Operating income		(4.8)	5.2
Interest income		0.4	6.5
Interest expense		12.3	8.1
Income from equity investments in subsidiaries		53.4	34.7
Other expense		(4.1)	0
Income before income taxes		40.8	38.3
Provision (benefit) for income taxes		(7.2)	1.6
Net income		48	36.7
Comprehensive income (loss)		47.1	7.6
ASSETS
Cash and cash equivalents		0.6	0.3	0		0
Accounts receivable, net		0		0
Inventories		0		0
Non-trade amounts receivable, net		51.3		30.1
Intercompany receivables		749.1		754.2
Prepaid expenses and other current assets		2		3.3
Total current assets		803		787.6
Deferred income tax benefits, net		219.2		219.9
Property, plant and equipment, net		45.7		46.6
Long-term receivables, net		0.1		0.1
Trademarks and tradenames, net		0		0
Goodwill		2.9		2.9
Investments in subsidiaries		1,237.8		1,190.1
Intercompany notes receivable		95.6		90.5
Other assets, net		0.8		0.6
Total assets		2,405.1		2,338.3
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable		1.8		3.3
Short-term borrowings and current portion of long-term debt and capital lease obligations		1.3		1.2
Intercompany payables		231.6		224.2
Accrued liabilities		118		111.5
Total current liabilities		352.7		340.2
Long-term debt and capital lease obligations		0		0
Intercompany notes payable		790.4		768.1
Other liabilities		93.3		107.8
Total shareholders' equity		1,168.7		1,122.2
Total liabilities and shareholders' equity		2,405.1		2,338.3
Operating Activities:
Net cash used in operating activities		(20.9)	(29.3)
Investing Activities:
Capital expenditures		(2.4)	(3.8)
Proceeds from disposal of property, plant and equipment		0	0
Net intercompany loans		(1.4)	70.4
Return of capital			105.5
Net cash used in investing activities		(3.8)	172.1
Financing Activities:
Dividend payments to shareholders		0	0
Cash Dividends Paid to Parent Company		0	(400)
Proceeds from exercise of stock options			0
Repurchase of common stock		0	0
Repayment of capital lease obligations		0	0
Net change in short-term debt		0	(2.3)
Excess tax benefits from share-based payment arrangements			0
Net intercompany borrowings		25.3	260
Return of capital to parent			0
Net cash provided by financing activities		25.3	(142.3)
Effect of exchange rate changes on cash and cash equivalents		0	(0.2)
Net change in cash and cash equivalents		0.6	0.3
Non-Guarantors
Net sales		527	582
Other revenue		7.7	5.2
Cost of products sold		190.2	218.1
Gross margin		344.5	369.1
Delivery, sales and administrative expense		265.5	294
Re-engineering and impairment charges		1.1	16.2
Gains on disposal of assets		0.1	0.6
Operating income		78	59.5
Interest income		6.2	1
Interest expense		2.1	6.6
Income from equity investments in subsidiaries		0	0
Other expense		4.5	7.2
Income before income taxes		77.6	46.7
Provision (benefit) for income taxes		24.4	13.4
Net income		53.2	33.3
Comprehensive income (loss)		49.5	4.8
ASSETS
Cash and cash equivalents		98	83.6	79.8		77
Accounts receivable, net		164.5		142.7
Inventories		274.4		254.6
Non-trade amounts receivable, net		96.4		109.6
Intercompany receivables		233.6		228.8
Prepaid expenses and other current assets		123.2		118.1
Total current assets		990.1		933.6
Deferred income tax benefits, net		151.1		161.5
Property, plant and equipment, net		207.2		207
Long-term receivables, net		12.6		13.1
Trademarks and tradenames, net		80.9		82.7
Goodwill		143.4		143.4
Investments in subsidiaries		0		0
Intercompany notes receivable		605.4		579.7
Other assets, net		95.2		108.1
Total assets		2,285.9		2,229.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable		92.6		123.5
Short-term borrowings and current portion of long-term debt and capital lease obligations		105.5		70.9
Intercompany payables		78.9		82.4
Accrued liabilities		259.4		247.1
Total current liabilities		536.4		523.9
Long-term debt and capital lease obligations		8.8		8.9
Intercompany notes payable		293.6		285.6
Other liabilities		166.3		178
Total shareholders' equity		1,280.8		1,232.7
Total liabilities and shareholders' equity		2,285.9		2,229.1
Operating Activities:
Net cash used in operating activities		10.1	42.7
Investing Activities:
Capital expenditures		(7)	(10.1)
Proceeds from disposal of property, plant and equipment		0.4	2.1
Net intercompany loans		(18.7)	29.1
Return of capital			0
Net cash used in investing activities		(25.3)	21.1
Financing Activities:
Dividend payments to shareholders		0	0
Cash Dividends Paid to Parent Company		(1.5)	(76.4)
Proceeds from exercise of stock options			0
Repurchase of common stock		0	0
Repayment of capital lease obligations		(0.4)	(0.9)
Net change in short-term debt		31.8	(6.5)
Excess tax benefits from share-based payment arrangements			0
Net intercompany borrowings		(1.3)	139.5
Return of capital to parent			(105.5)
Net cash provided by financing activities		28.6	(49.8)
Effect of exchange rate changes on cash and cash equivalents		4.8	(7.4)
Net change in cash and cash equivalents		18.2	6.6
Eliminations
Net sales		(1.3)	(0.2)
Other revenue		(33)	(33.5)
Cost of products sold		(31.9)	(31.7)
Gross margin		(2.4)	(2)
Delivery, sales and administrative expense		(2.4)	(2)
Re-engineering and impairment charges		0	0
Gains on disposal of assets		0	0
Operating income		0	0
Interest income		(11)	(14.2)
Interest expense		(11)	(14.2)
Income from equity investments in subsidiaries		(101.2)	(70)
Other expense		0	0
Income before income taxes		(101.2)	(70)
Provision (benefit) for income taxes		0	0
Net income		(101.2)	(70)
Comprehensive income (loss)		(96.6)	(12.4)
ASSETS
Cash and cash equivalents		0	0	0		$ 0
Accounts receivable, net		0		0
Inventories		0		0
Non-trade amounts receivable, net		(96.1)		(94.3)
Intercompany receivables		(997.1)		(994.8)
Prepaid expenses and other current assets		(92.1)		(94.6)
Total current assets		(1,185.3)		(1,183.7)
Deferred income tax benefits, net		0		0
Property, plant and equipment, net		0		0
Long-term receivables, net		0		0
Trademarks and tradenames, net		0		0
Goodwill		0		0
Investments in subsidiaries		(2,449.5)		(2,354.9)
Intercompany notes receivable		(1,169)		(1,132.2)
Other assets, net		(68.9)		(83.3)
Total assets		(4,872.7)		(4,754.1)
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable		0		(0.1)
Short-term borrowings and current portion of long-term debt and capital lease obligations		0		0
Intercompany payables		(997.1)		(994.8)
Accrued liabilities		(188.3)		(188.9)
Total current liabilities		(1,185.4)		(1,183.8)
Long-term debt and capital lease obligations		0		0
Intercompany notes payable		(1,169)		(1,132.2)
Other liabilities		(68.8)		(83.2)
Total shareholders' equity		(2,449.5)		(2,354.9)
Total liabilities and shareholders' equity		(4,872.7)		$ (4,754.1)
Operating Activities:
Net cash used in operating activities		1.4	(496)
Investing Activities:
Capital expenditures		0	0
Proceeds from disposal of property, plant and equipment		0	0
Net intercompany loans		19.6	303.7
Return of capital			(105.5)
Net cash used in investing activities		19.6	198.2
Financing Activities:
Dividend payments to shareholders		0	0
Cash Dividends Paid to Parent Company		1.5	476.4
Proceeds from exercise of stock options			0
Repurchase of common stock		0	0
Repayment of capital lease obligations		0	0
Net change in short-term debt		0	0
Excess tax benefits from share-based payment arrangements			0
Net intercompany borrowings		(22.5)	(284.1)
Return of capital to parent			105.5
Net cash provided by financing activities		(21)	297.8
Effect of exchange rate changes on cash and cash equivalents		0	0
Net change in cash and cash equivalents		$ 0	$ 0
[1]	(a)See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.