Tupperware Brands (TUPBQ) 10-Q 1 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 01, 2017	Jul. 27, 2017
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	--12-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jul. 1, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		50,879,367

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
Net sales	$ 572.9	$ 564.7	$ 1,127.7	$ 1,090.4
Cost of products sold	182.6	183.9	360.3	349.9
Gross margin	390.3	380.8	767.4	740.5
Delivery, sales and administrative expense	299.5	298.2	598.6	586.9
Re-engineering and impairment charges	32.6	1.9	34.9	3	[1]
Goodwill and Intangible Asset Impairment	62.9	0	62.9	0
Gains on disposal of assets	3.1	0.8	3.2	0.9
Operating income (loss)	(1.6)	81.5	74.2	151.5
Interest income	0.7	0.8	1.2	1.5
Interest expense	11.6	11.2	23.2	23.3
Other expense	0.2	0.9	0.7	1.3
Income (loss) before income taxes	(12.7)	70.2	51.5	128.4
Provision for income taxes	5	17.8	21.8	32.6
Net income (loss)	$ (17.7)	$ 52.4	$ 29.7	$ 95.8
Earnings (loss) per share:
Basic	$ (0.35)	$ 1.04	$ 0.59	$ 1.90
Diluted	$ (0.35)	$ 1.03	$ 0.58	$ 1.89
Weighted-average shares outstanding:
Basic	50.8	50.5	50.7	50.5
Diluted	50.8	50.7	51.2	50.6
Dividends declared per common share	$ 0.68	$ 0.68	$ 1.36	$ 1.36
[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		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
Net income (loss)	$ (17.7)	$ 52.4	$ 29.7	$ 95.8
Other comprehensive income (loss):
Foreign currency translation adjustments	9.8	(14.1)	52.2	(11.8)
Deferred loss on cash flow hedges, net of tax benefit of $0.4, $0.0, $1.8 and $1.0, respectively	(1.4)	0	(5.9)	(3.7)
Pension and other post-retirement income (costs), net of tax benefit of $0.7, $0.0, $1.4 and $0.3, respectively	(1.6)	0.5	(3.3)	(0.4)
Other comprehensive income (loss)	6.8	(13.6)	43	(15.9)
Total comprehensive income (loss)	$ (10.9)	$ 38.8	$ 72.7	$ 79.9

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
Deferred gain (loss) on cash flow hedges, tax (benefit) provision	$ (0.4)	$ 0	$ (1.8)	$ (1)
Pension and other post retirement costs, tax (provision) benefit	$ 0.7	$ 0	$ 1.4	$ 0.3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jul. 01, 2017	Dec. 31, 2016
ASSETS
Cash and cash equivalents	$ 85	$ 93.2
Accounts receivable, less allowances of $35.2 and $32.6, respectively	156.4	125.3
Inventories	288.1	240.4
Non-trade amounts receivable, net	51.4	64.9
Prepaid expenses and other current assets	28.6	21.5
Total current assets	609.5	545.3
Deferred income tax benefits, net	584.4	539.7
Property, plant and equipment, net	268.3	259.8
Long-term receivables, less allowances of $14.0 and $11.0, respectively	15.6	13.2
Trademarks and tradenames, net	69.2	67.3
Goodwill	80.6	132.6
Other assets, net	33.1	29.9
Total assets	1,660.7	1,587.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	89.5	117.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	173.2	105.9
Accrued liabilities	332.9	324
Total current liabilities	595.6	547.6
Long-term debt and capital lease obligations	605.3	606
Other liabilities	226.1	221.4
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	213.8	208.6
Retained earnings	1,411.6	1,455.3
Treasury stock, 12,727,723 and 12,969,165 shares, respectively, at cost	(863.8)	(880.2)
Accumulated other comprehensive loss	(528.5)	(571.5)
Total shareholders' equity	233.7	212.8
Total liabilities and shareholders' equity	$ 1,660.7	$ 1,587.8

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Jul. 01, 2017	Dec. 31, 2016
Accounts receivable, allowances	$ 35.2	$ 32.6
Long-term receivables, allowances	$ 14	$ 11
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	12,727,723	12,969,165

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016
Operating Activities:
Net income (loss)	$ 29.7	$ 95.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	29.7	30.2
Unrealized foreign exchange loss	0.3	0.3
Equity compensation	9.2	8.2
Amortization of deferred debt costs	0.3	0.3
Net gains on disposal of assets	(2.9)	(0.8)
Provision for bad debts	7.6	4.9
Write-down of inventories	5.3	5
Restructuring Costs and Asset Impairment Charges	66	0
Net change in deferred income taxes	(19.9)	0.3
Changes in assets and liabilities:
Accounts and notes receivable	(32.8)	(19.1)
Inventories	(41)	(14.4)
Non-trade amounts receivable	0.8	(6.4)
Prepaid expenses	(4.1)	(4.1)
Other assets	(3.7)	(1.3)
Accounts payable and accrued liabilities	6.3	(53.9)
Income taxes payable	(35.7)	(25.9)
Other liabilities	0.5	2.6
Net cash impact from hedging activity	(1.6)	10
Other	0	0.1
Net cash provided by operating activities	14	31.8
Investing Activities:
Capital expenditures	(32)	(25.3)
Proceeds from disposal of property, plant and equipment	5.3	2.3
Net cash used in investing activities	(26.7)	(23)
Financing Activities:
Dividend payments to shareholders	(69.3)	(69.4)
Proceeds from exercise of stock options	9.9	0.4
Repurchase of common stock	(0.6)	(0.8)
Repayment of capital lease obligations	(1.2)	(1.3)
Net change in short-term debt	60.1	58.2
Net cash used in financing activities	(1.1)	(12.9)
Effect of exchange rate changes on cash and cash equivalents	5.6	3.3
Net change in cash and cash equivalents	(8.2)	(0.8)
Cash and cash equivalents at beginning of year	93.2	79.8
Cash and cash equivalents at end of period	$ 85	$ 79

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jul. 01, 2017
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 2016 financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016 . 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 statement 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 included 53 weeks with 14 weeks in the fourth quarter, whereas the 2017 fiscal year will include 52 weeks with 13 weeks in the fourth quarter. 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	6 Months Ended
	Jul. 01, 2017
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 second quarters of 2017 and 2016 were $35.7 million and $34.8 million , respectively, and for the year-to-date periods ended July 1, 2017 and June 25, 2016 were $70.5 million and $66.5 million , respectively.

Promotional Costs

Promotional Costs	6 Months Ended
	Jul. 01, 2017
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 $91.7 million and $98.0 million for the second quarters of 2017 and 2016 , respectively, and $187.6 million and $191.7 million for the year-to-date periods ended July 1, 2017 and June 25, 2016 , respectively.

Inventories

Inventories	6 Months Ended
	Jul. 01, 2017
Inventory, Net [Abstract]
Inventories	Inventories (In millions) July 1, December 31, Finished goods $ 224.2 $ 189.4 Work in process 28.4 23.0 Raw materials and supplies 35.5 28.0 Total inventories $ 288.1 $ 240.4

Net Income Per Common Share

Net Income Per Common Share	6 Months Ended
	Jul. 01, 2017
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 (loss) per share computations were as follows: 13 weeks ended 26 weeks ended (In millions, except per share amounts) July 1, June 25, July 1, June 25, Net income (loss) $ (17.7 ) $ 52.4 $ 29.7 $ 95.8 Weighted-average shares of common stock outstanding 50.8 50.5 50.7 50.5 Common equivalent shares: Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units — 0.2 0.5 0.1 Weighted-average common and common equivalent shares outstanding 50.8 50.7 51.2 50.6 Basic earnings (loss) per share $ (0.35 ) $ 1.04 $ 0.59 $ 1.90 Diluted earnings (loss) per share $ (0.35 ) $ 1.03 $ 0.58 $ 1.89 Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive 2.9 1.6 1.0 1.7

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jul. 01, 2017
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 31, 2016 $ (544.3 ) $ 4.9 $ (32.1 ) $ (571.5 ) Other comprehensive income (loss) before reclassifications 52.2 (4.7 ) (4.0 ) 43.5 Amounts reclassified from accumulated other comprehensive loss — (1.2 ) 0.7 (0.5 ) Net current-period other comprehensive income (loss) 52.2 (5.9 ) (3.3 ) 43.0 Balance at July 1, 2017 $ (492.1 ) $ (1.0 ) $ (35.4 ) $ (528.5 ) (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 loss before reclassifications (11.8 ) (0.8 ) (1.0 ) (13.6 ) Amounts reclassified from accumulated other comprehensive loss — (2.9 ) 0.6 (2.3 ) Net current-period other comprehensive loss (11.8 ) (3.7 ) (0.4 ) (15.9 ) Balance at June 25, 2016 $ (502.4 ) $ 0.6 $ (36.1 ) $ (537.9 ) Pretax amounts reclassified from accumulated other comprehensive loss that related to cash flow hedges consisted of net gains of $1.7 million and $4.0 million for the year-to-date periods ended July 1, 2017 and June 25, 2016 , respectively. Associated with these items were tax provisions of $0.5 million and $1.1 million , respectively. See Note 11 for further discussion of derivatives. For the year-to-date periods ended July 1, 2017 and June 25, 2016 , pretax amounts reclassified from accumulated other comprehensive loss related to pension and other post-retirement items consisted of prior service benefits of $0.6 million and $0.7 million , respectively, actuarial losses of $0.7 million and $0.8 million , respectively, and pension settlement costs of $0.8 million and $0.6 million , respectively. The tax benefits associated with these items were $0.2 million , and $0.1 million , respectively. See Note 13 for further discussion of pension and other post-retirement benefit costs.

Re-engineering and Impairment C

Re-engineering and Impairment Costs	6 Months Ended
	Jul. 01, 2017
Restructuring Charges [Abstract]
Re-engineering and Impairment Costs	Re-engineering and Impairment Costs The Company recorded $32.6 million and $1.9 million in re-engineering charges during the second quarters of 2017 and 2016 , respectively, and $34.9 million and $3.0 million for the year-to-date periods ended July 1, 2017 and June 25, 2016 , respectively. In 2017, these charges were primarily related to restructuring actions taken in connection with the Company's plans, through 2018 or 2019, to rationalize its supply chain and to adjust the cost base of several marketing units. The restructuring charges also relate to the Company's decision to wind down the Beauticontrol reporting unit due to a history of declining revenues, operating losses and the competitive environment in the direct selling channel and retail sector for beauty and personal care products in the United States, Canada and Puerto Rico. The total cost of the restructuring actions is estimated to be $100 million to $110 million from the second quarter of 2017 forward. This excludes the benefit of selling fixed assets that will become excess in light of the re-engineering actions. The Company expects about 90 percent of second quarter 2017 forward re-engineering costs to require cash outflows and for these to be funded with cash flow from operations, net of investing activities, notwithstanding the timing during each fiscal year in which the Company generates the majority of its cash. Of the total costs, the Company estimates that about 80 percent relates to severance and benefits related to headcount reductions, while the balance is predominantly related to costs to exit leases and other contracts, as well as write-offs of excess assets for which there are not expected to be disposal proceeds. In the second quarter of 2017, the Company incurred $24.7 million in restructuring costs in Europe, $1.0 million in Asia Pacific and $6.9 million in Beauty North America. In 2016, the 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 July 1, 2017 and December 31, 2016 were as follows: (In millions) July 1, December 31, Beginning of the year balance $ 1.6 $ 1.7 Provision 34.9 7.6 Non-cash charges (3.1 ) (0.3 ) Cash expenditures: Severance (3.5 ) (5.2 ) Other (0.3 ) (2.2 ) End of period balance $ 29.6 $ 1.6 The accrual balance as of July 1, 2017 , related primarily to severance payments to be made through the first quarter of 2018.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Notes)	6 Months Ended
	Jul. 01, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill and Intangible Assets The Company's goodwill and intangible assets relate primarily to the December 2005 acquisition of the direct-to-consumer businesses of Sara Lee Corporation. The Company has early adopted Accounting Standards Update 2017-04: Simplifying the Test for Goodwill Impairment . In the second quarter of 2017, as part of its on-going assessment of goodwill and intangible assets, the Company noted that the sales, profitability and cash flow of Fuller Mexico had fallen below its recent trend lines and would fall significantly short of previous expectations for the year. As a result, the Company performed an interim impairment test as of the end of May 2017, recording an impairment charge of $62.9 million . The impairment evaluation of the goodwill associated with the Fuller Mexico reporting unit involved comparing the fair value of the reporting unit to its carrying value, including the goodwill balance, after consideration of impairment to its long-lived assets. There were no impairments of any long-lived assets. The fair value analysis for Fuller Mexico was completed using a combination of the income and market approach with a 75 percent weighting on the income approach, which was considered a Level 3 measurement within the fair value hierarchy. The significant assumptions used in the income approach included estimates regarding future operations and the ability to generate cash flows, including projections of revenue, costs, utilization of assets and capital requirements. The income approach, or discounted cash flow approach, also requires an estimate as to the appropriate discount rate to be used. The most sensitive estimate in this valuation is the projection of operating cash flows, as these provide the basis for the estimate of fair market value. The Company’s cash flow model used a forecast period of 10 years with annual revenue growth rates ranging from negative 10 percent to positive 4 percent , a compound average growth rate of 1.6 percent , and a 3 percent growth rate used in calculating the terminal value. The discount rate used was 15.8 percent . The growth rates were determined by reviewing historical results of the operating unit and the historical results of the Company’s other similar business units, along with the expected contribution from growth strategies being implemented. The market approach relies on an analysis of publicly-traded companies similar to Tupperware and deriving a range of revenue and profit multiples. The publicly-traded companies used in the market approach were selected based on their having similar product lines of consumer goods, beauty products and/or companies using a direct-to-consumer distribution method. The resulting multiples were then applied to the reporting unit to determine fair value. The goodwill was then written down so that the carrying value of the Fuller Mexico reporting unit would equal its fair value. With the estimated fair value of the reporting unit equaling its carrying value as of the end of the May 2017 evaluation, the Fuller Mexico reporting unit has a high risk of future impairment to the remaining goodwill balance of $18.9 million . A deterioration in key operating metrics, such as sales force size, and/or operating performance significantly below current expectations, including changes in projected future revenue, profitability and cash flow, as well as higher working capital, interest rates, or cost of capital, could have a negative effect on the fair value of the reporting unit. In addition, the Company is unable to predict, at this time, whether there will be a significant, long-term impact to the Fuller Mexico operations due to changes in the macro-economic environment. Should the Company's programs and strategies to improve the key performance indicators as outlined above not be able to overcome the general trends in the business and/or macro-economic factors in the time frame forecast, which could also impact the long-term discount rate values used in estimating fair value, the estimated fair value of the reporting unit could fall below its carrying value. This would result in recording an impairment to the goodwill of Fuller Mexico. The Company still considers the remaining goodwill associated with Fuller Mexico to be significant relative to total equity.

Segment Information

Segment Information	6 Months Ended
	Jul. 01, 2017
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 geography, consistency of economic substance, products, production process, class of customers and distribution method. 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. Some units in Asia Pacific also sell beauty and personal care products 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 $86.7 million and $96.8 million in the second quarters of 2017 and 2016 , respectively, and $166.3 million and $184.9 million in the respective year-to-date periods. 13 weeks ended 26 weeks ended (In millions) July 1, June 25, July 1, June 25, Net sales: Europe $ 135.4 $ 138.4 $ 284.9 $ 292.3 Asia Pacific 183.5 194.3 360.8 365.9 Tupperware North America 97.1 93.1 188.9 176.3 Beauty North America 44.7 53.4 84.2 102.3 South America 112.2 85.5 208.9 153.6 Total net sales $ 572.9 $ 564.7 $ 1,127.7 $ 1,090.4 Segment profit (loss): Europe $ 11.9 $ 14.6 $ 31.8 $ 39.8 Asia Pacific 46.2 46.7 86.2 83.6 Tupperware North America 21.1 19.4 37.5 34.0 Beauty North America (0.4 ) 1.4 (1.0 ) (0.3 ) South America 27.9 15.6 46.1 28.6 Total segment profit $ 106.7 $ 97.7 $ 200.6 $ 185.7 Unallocated expenses (16.1 ) (16.0 ) (32.5 ) (33.4 ) Re-engineering and impairment charges (a) (32.6 ) (1.9 ) (34.9 ) (3.0 ) Impairment of goodwill (62.9 ) — (62.9 ) — Gains on disposal of assets 3.1 0.8 3.2 0.9 Interest expense, net (10.9 ) (10.4 ) (22.0 ) (21.8 ) Income (loss) before taxes $ (12.7 ) $ 70.2 $ 51.5 $ 128.4 (In millions) July 1, December 31, Identifiable assets: Europe $ 288.6 $ 257.2 Asia Pacific 293.9 278.6 Tupperware North America 142.3 119.0 Beauty North America 184.4 214.7 South America 146.4 124.6 Corporate 605.1 593.7 Total identifiable assets $ 1,660.7 $ 1,587.8 _________________________ (a) See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

Debt

Debt	6 Months Ended
	Jul. 01, 2017
Debt Disclosure [Abstract]
Debt	Debt Debt Obligations (In millions) July 1, December 31, 2016 Fixed rate senior notes due 2021 $ 599.5 $ 599.4 Five year Revolving Credit Agreement (a) 171.0 104.0 Belgium facility capital lease 7.9 8.4 Other 0.1 0.1 Total debt obligations $ 778.5 $ 711.9 ____________________ (a) $91.5 million and $84.6 million denominated in euros as of July 1, 2017 and December 31, 2016 , respectively. Credit Agreement As of July 1, 2017 , the Company had a weighted average interest rate on outstanding LIBOR based borrowings of 2.0 percent under its multicurrency Amended and Restated Credit Agreement (“Credit Agreement”). At July 1, 2017 , the Company had $513.2 million of unused lines of credit, including $427.5 million under the committed, secured Credit Agreement, and $85.7 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 July 1, 2017 , and currently, the Company had considerable cushion under its financial covenants.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
	Jul. 01, 2017
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, 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 $5.3 million and $3.9 million in the second quarters of 2017 and 2016 , respectively, and $10.2 million and $7.8 million for the respective year-to-date periods. 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 its 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 $10.8 million and $32.1 million associated with these hedges in the second quarter and year-to-date periods of 2017 , respectively, and a net gain of $7.1 million and $3.4 million associated with such hedges for the respective periods of 2016 . 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 for the year-to-date periods ended July 1, 2017 and June 25, 2016 was an outflow of $1.6 million and an inflow of $10.0 million , respectively. The Company considers the total notional value of its forward contracts as the best measure of the volume of derivative transactions. As of July 1, 2017 and December 31, 2016 , the notional amounts of outstanding forward contracts to purchase currencies were $153.6 million and $116.7 million , respectively, and the notional amounts of outstanding forward contracts to sell currencies were $156.8 million and $109.6 million , respectively. As of July 1, 2017 , the notional values of the largest positions outstanding were to purchase $144.7 million of U.S. dollars and to sell $32.7 million of Swiss francs and $30.7 million of Mexican pesos. 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 July 1, 2017 and December 31, 2016 . 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 July 1, Dec 31, Balance sheet location July 1, Dec 31, Foreign exchange contracts Non-trade amounts receivable $ 24.0 $ 41.1 Accrued liabilities $ 25.1 $ 31.7 The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the second quarters of 2017 and 2016 : 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 2017 2016 2017 2016 Foreign exchange contracts Other expense $ 10.0 $ (5.8 ) Other expense $ (10.0 ) $ 5.9 The following table summarizes the impact of the Company's hedging activities on comprehensive income for the second quarters of 2017 and 2016 : 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 2017 2016 2017 2016 2017 2016 Foreign exchange contracts $ (1.6 ) $ 1.1 Cost of products sold $ 0.1 $ 1.0 Interest expense $ (1.1 ) $ (1.2 ) Net equity hedging relationships Foreign exchange contracts (13.2 ) 11.4 Other expense — — Interest expense (6.3 ) (4.4 ) Euro denominated debt (3.6 ) (0.3 ) The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the year-to-date periods ended July 1, 2017 and June 25, 2016 : 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 2017 2016 2017 2016 Foreign exchange contracts Other expense $ 38.2 $ (4.4 ) Other expense $ (38.1 ) $ 4.5 The following table summarizes the impact of the Company's hedging activities on comprehensive income for the year-to-date periods ended July 1, 2017 and June 25, 2016 : 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 2017 2016 2017 2016 2017 2016 Foreign exchange contracts $ (6.0 ) $ (0.6 ) Cost of products sold $ 1.7 $ 4.0 Interest expense $ (2.4 ) $ (2.8 ) Net equity hedging relationships Foreign exchange contracts (43.2 ) 8.4 Other expense — — Interest expense (12.2 ) (9.6 ) Euro denominated debt (6.9 ) (3.0 )

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 01, 2017
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 July 1, 2017 and December 31, 2016 . The Company estimates that, based on current market conditions, the value of its 4.75% , 2021 senior notes was $635.0 million at July 1, 2017 , compared with the carrying value of $599.5 million . The higher fair value resulted from changes, since issuance, in the corporate debt markets 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 that consider the Company's credit risk and market related conditions. See Note 11 to the Consolidated Financial Statements for discussion of the Company's derivative instruments and related fair value measurements.

Retirement Benefit Plans

Retirement Benefit Plans	6 Months Ended
	Jul. 01, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Retirement Benefit Plans	Retirement Benefit Plans Components of net periodic benefit cost for the second quarter and year-to-date periods ended July 1, 2017 and June 25, 2016 were as follows: Second Quarte r Year-to-Date Pension benefits Post-retirement benefits Pension benefits Post-retirement benefits (In millions) 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 2.7 $ 2.7 $ 0.1 $ — $ 5.3 $ 5.4 $ 0.1 $ — Interest cost 1.4 1.6 0.1 0.2 2.8 3.2 0.3 0.4 Expected return on plan assets (1.2 ) (1.3 ) — — (2.4 ) (2.7 ) — — Settlement/curtailment — 0.6 — — 0.8 0.6 — — Net amortization 0.4 0.4 (0.3 ) (0.4 ) 0.7 0.8 (0.6 ) (0.7 ) Net periodic benefit cost $ 3.3 $ 4.0 $ (0.1 ) $ (0.2 ) $ 7.2 $ 7.3 $ (0.2 ) $ (0.3 ) During the year-to-date periods ended July 1, 2017 and June 25, 2016 , approximately $0.9 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 non-U.S. 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	6 Months Ended
	Jul. 01, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The effective tax rate for the second quarter and year-to-date periods of 2017 were negative 38.9 percent and positive 42.3 percent compared with 25.4 percent for the comparable 2016 periods. The Company incurred impairment and other charges resulting in a loss for the quarter and a related negative tax rate. The change in the year-to-date rate was due to the impairment and other charges, for which limited tax benefits were available. As of July 1, 2017 and December 31, 2016 , the Company's gross unrecognized tax benefit was $20.4 million and $20.7 million , respectively. The Company estimates that as of July 1, 2017 , approximately $19.0 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 were $7.5 million and $7.1 million as of the periods ended July 1, 2017 and December 31, 2016 , respectively. For year-to-date 2017 , the accrual for uncertain tax positions decreased by $1.5 million as a result of the closure of audits and statute limitation expirations in various jurisdictions. The Company estimates that it may settle one or more audits in the next twelve months that may result in cash payments decreasing the amount of accrual for uncertain tax positions by up to $1.6 million . For the remaining balance as of July 1, 2017 , 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	6 Months Ended
	Jul. 01, 2017
Supplemental Cash Flow Elements [Abstract]
Statement of Cash Flow Supplemental Disclosure	Statement of Cash Flow Supplemental Disclosure Under the Company's stock incentive programs, in certain jurisdictions, employees are allowed to use shares retained by the Company to satisfy minimum statutorily required withholding taxes. In the year-to-date periods ended July 1, 2017 and June 25, 2016 , 9,256 and 16,602 shares, respectively, were retained to fund withholding taxes, with values totaling $0.6 million and $0.8 million , respectively, which were included as stock repurchases in the Consolidated Statements of Cash Flows.

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jul. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Based Compensation	Stock Based Compensation Stock option activity for 2017 is summarized in the following table: Shares subject to option Weighted average exercise price per share Aggregate intrinsic value (in millions) Outstanding at December 31, 2016 2,722,965 $ 57.78 Expired / Forfeited (34,058 ) 68.32 Exercised (201,486 ) 49.40 Outstanding at July 1, 2017 2,487,421 $ 58.31 $ 32.7 Exercisable at July 1, 2017 1,377,037 $ 58.28 $ 19.5 The intrinsic value of options exercised totaled $3.0 million and $0.7 million in the second quarters of 2017 and 2016 , respectively, and $4.0 million and $0.7 million in the respective year-to-date periods. The Company also has time-vested, performance-vested and market-vested share awards. The activity for such awards in 2017 is summarized in the following table: Shares outstanding Weighted average grant date fair value December 31, 2016 602,940 $ 61.28 Time-vested shares granted 26,625 67.62 Market-vested shares granted 25,170 61.29 Performance shares granted 76,615 60.39 Performance share adjustments (18,536 ) 65.77 Vested (60,037 ) 73.11 Forfeited (12,658 ) 59.84 July 1, 2017 640,119 $ 60.23 Compensation expense related to the Company's stock based compensation for the second quarter and year-to-date periods ended July 1, 2017 and June 25, 2016 were as follows: Second Quarter Year-to-Date (In millions) 2017 2016 2017 2016 Stock options $ 0.8 $ 0.7 $ 1.5 $ 1.3 Time, performance and market vested share awards 3.6 3.6 7.7 6.9 As of July 1, 2017 , total unrecognized stock based compensation expense related to all stock based awards was $24.5 million , which is expected to be recognized over a weighted average period of 1.8 years .

Allowance for Long-Term Receiva

Allowance for Long-Term Receivables	6 Months Ended
	Jul. 01, 2017
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Allowance For Long-Term Receivables	Allowance for Long-Term Receivables As of July 1, 2017 , $11.4 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 July 1, 2017 was as follows: (In millions) Balance at December 31, 2016 $ 11.0 Write-offs (0.3 ) Provision and reclassifications 2.2 Currency translation adjustment 1.1 Balance at July 1, 2017 $ 14.0

Guarantor Information

Guarantor Information	6 Months Ended
	Jul. 01, 2017
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 July 1, 2017 and December 31, 2016 and for the quarter and year-to-date periods ended July 1, 2017 and June 25, 2016 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 that 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 July 1, 2017 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 574.0 $ (1.1 ) $ 572.9 Other revenue — 32.7 6.4 (39.1 ) — Cost of products sold — 6.4 214.2 (38.0 ) 182.6 Gross margin — 26.3 366.2 (2.2 ) 390.3 Delivery, sales and administrative expense 3.5 23.3 274.9 (2.2 ) 299.5 Re-engineering and impairment charges — 0.3 32.3 — 32.6 Impairment of goodwill — — 62.9 — 62.9 Gains on disposal of assets — — 3.1 — 3.1 Operating income (loss) (3.5 ) 2.7 (0.8 ) — (1.6 ) Interest income 5.1 0.3 9.5 (14.2 ) 0.7 Interest expense 9.5 14.6 1.7 (14.2 ) 11.6 Income (loss) from equity investments in subsidiaries (12.0 ) 1.9 — 10.1 — Other expense (income) — 9.5 (9.3 ) — 0.2 Income (loss) before income taxes (19.9 ) (19.2 ) 16.3 10.1 (12.7 ) Provision (benefit) for income taxes (2.2 ) (4.6 ) 11.8 — 5.0 Net income (loss) $ (17.7 ) $ (14.6 ) $ 4.5 $ 10.1 $ (17.7 ) Comprehensive income (loss) $ (10.9 ) $ (4.8 ) $ 21.9 $ (17.1 ) $ (10.9 ) Consolidating Statement of Income 13 weeks ended June 25, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 565.6 $ (0.9 ) $ 564.7 Other revenue — 30.2 7.7 (37.9 ) — Cost of products sold — 7.7 212.8 (36.6 ) 183.9 Gross margin — 22.5 360.5 (2.2 ) 380.8 Delivery, sales and administrative expense 3.5 13.8 283.1 (2.2 ) 298.2 Re-engineering and impairment charges — — 1.9 — 1.9 Gains on disposal of assets — — 0.8 — 0.8 Operating income (loss) (3.5 ) 8.7 76.3 — 81.5 Interest income 5.1 0.5 5.9 (10.7 ) 0.8 Interest expense 7.7 12.1 2.1 (10.7 ) 11.2 Income (loss) from equity investments in subsidiaries 56.3 54.7 — (111.0 ) — Other expense (income) 0.1 (12.2 ) 13.0 — 0.9 Income (loss) before income taxes 50.1 64.0 67.1 (111.0 ) 70.2 Provision (benefit) for income taxes (2.3 ) 1.5 18.6 — 17.8 Net income (loss) $ 52.4 $ 62.5 $ 48.5 $ (111.0 ) $ 52.4 Comprehensive income (loss) $ 38.8 $ 49.2 $ 28.8 $ (78.0 ) $ 38.8 Consolidating Statement of Income 26 weeks ended July 1, 2017 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 1,130.7 $ (3.0 ) $ 1,127.7 Other revenue — 58.2 15.0 (73.2 ) — Cost of products sold — 15.0 416.8 (71.5 ) 360.3 Gross margin — 43.2 728.9 (4.7 ) 767.4 Delivery, sales and administrative expense 7.4 46.5 549.4 (4.7 ) 598.6 Re-engineering and impairment charges — 0.7 34.2 — 34.9 Impairment of goodwill — — 62.9 — 62.9 Gains on disposal of assets — — 3.2 — 3.2 Operating income (loss) (7.4 ) (4.0 ) 85.6 — 74.2 Interest income 10.2 1.0 17.8 (27.8 ) 1.2 Interest expense 18.1 28.9 4.0 (27.8 ) 23.2 Income (loss) from equity investments in subsidiaries 39.9 80.6 — (120.5 ) — Other expense (income) — 24.9 (24.2 ) — 0.7 Income (loss) before income taxes 24.6 23.8 123.6 (120.5 ) 51.5 Provision (benefit) for income taxes (5.1 ) (12.3 ) 39.2 — 21.8 Net income (loss) $ 29.7 $ 36.1 $ 84.4 $ (120.5 ) $ 29.7 Comprehensive income (loss) $ 72.7 $ 84.6 $ 154.7 $ (239.3 ) $ 72.7 Consolidating Statement of Income 26 weeks ended June 25, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 1,092.6 $ (2.2 ) $ 1,090.4 Other revenue — 55.5 15.4 (70.9 ) — Cost of products sold — 15.4 403.0 (68.5 ) 349.9 Gross margin — 40.1 705.0 (4.6 ) 740.5 Delivery, sales and administrative expense 6.7 36.2 548.6 (4.6 ) 586.9 Re-engineering and impairment charges — — 3.0 — 3.0 Gains on disposal of assets — — 0.9 — 0.9 Operating income (loss) (6.7 ) 3.9 154.3 — 151.5 Interest income 10.2 0.9 12.1 (21.7 ) 1.5 Interest expense 16.4 24.4 4.2 (21.7 ) 23.3 Income (loss) from equity investments in subsidiaries 104.1 108.1 — (212.2 ) — Other expense (income) 0.1 (16.3 ) 17.5 — 1.3 Income (loss) before income taxes 91.1 104.8 144.7 (212.2 ) 128.4 Provision (benefit) for income taxes (4.7 ) (5.7 ) 43.0 — 32.6 Net income (loss) $ 95.8 $ 110.5 $ 101.7 $ (212.2 ) $ 95.8 Comprehensive income (loss) $ 79.9 $ 96.3 $ 78.3 $ (174.6 ) $ 79.9 Condensed Consolidating Balance Sheet July 1, 2017 (In millions) Parent Guarantor Non-Guarantors Eliminations Total ASSETS Cash and cash equivalents $ — $ 0.1 $ 84.9 $ — $ 85.0 Accounts receivable, net — — 156.4 — 156.4 Inventories — — 288.1 — 288.1 Non-trade amounts receivable, net — 64.6 73.1 (86.3 ) 51.4 Intercompany receivables 17.0 924.8 284.8 (1,226.6 ) — Prepaid expenses and other current assets 1.6 7.1 98.2 (78.3 ) 28.6 Total current assets 18.6 996.6 985.5 (1,391.2 ) 609.5 Deferred income tax benefits, net 142.7 208.9 232.8 — 584.4 Property, plant and equipment, net — 50.6 217.7 — 268.3 Long-term receivables, net — 0.1 15.5 — 15.6 Trademarks and tradenames, net — — 69.2 — 69.2 Goodwill — 2.9 77.7 — 80.6 Investments in subsidiaries 1,444.8 1,464.7 — (2,909.5 ) — Intercompany notes receivable 489.2 101.7 813.5 (1,404.4 ) — Other assets, net 1.0 1.3 78.4 (47.6 ) 33.1 Total assets $ 2,096.3 $ 2,826.8 $ 2,490.3 $ (5,752.7 ) $ 1,660.7 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ — $ 2.3 $ 87.2 $ — $ 89.5 Short-term borrowings and current portion of long-term debt and capital lease obligations 171.0 — 2.2 — 173.2 Intercompany payables 849.1 283.0 94.5 (1,226.6 ) — Accrued liabilities 117.0 98.7 281.8 (164.6 ) 332.9 Total current liabilities 1,137.1 384.0 465.7 (1,391.2 ) 595.6 Long-term debt and capital lease obligations 599.5 — 5.8 — 605.3 Intercompany notes payable 115.3 983.6 305.5 (1,404.4 ) — Other liabilities 10.7 73.7 189.3 (47.6 ) 226.1 Shareholders' equity 233.7 1,385.5 1,524.0 (2,909.5 ) 233.7 Total liabilities and shareholders' equity $ 2,096.3 $ 2,826.8 $ 2,490.3 $ (5,752.7 ) $ 1,660.7 Condensed Consolidating Balance Sheet December 31, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total ASSETS Cash and cash equivalents $ — $ 0.5 $ 92.7 $ — $ 93.2 Accounts receivable, net — — 125.3 — 125.3 Inventories — — 240.4 — 240.4 Non-trade amounts receivable, net — 50.5 85.1 (70.7 ) 64.9 Intercompany receivables 11.9 935.8 270.3 (1,218.0 ) — Prepaid expenses and other current assets 1.1 5.4 100.9 (85.9 ) 21.5 Total current assets 13.0 992.2 914.7 (1,374.6 ) 545.3 Deferred income tax benefits, net 142.7 193.2 203.8 — 539.7 Property, plant and equipment, net — 50.4 209.4 — 259.8 Long-term receivables, net — 0.1 13.1 — 13.2 Trademarks and tradenames, net — — 67.3 — 67.3 Goodwill — 2.9 129.7 — 132.6 Investments in subsidiaries 1,356.7 1,321.3 — (2,678.0 ) — Intercompany notes receivable 479.4 95.6 725.6 (1,300.6 ) — Other assets, net 1.2 1.2 57.8 (30.3 ) 29.9 Total assets $ 1,993.0 $ 2,656.9 $ 2,321.4 $ (5,383.5 ) $ 1,587.8 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ — $ 5.0 $ 112.7 $ — $ 117.7 Short-term borrowings and current portion of long-term debt and capital lease obligations 104.0 — 1.9 — 105.9 Intercompany payables 858.9 263.4 95.7 (1,218.0 ) — Accrued liabilities 130.9 102.8 246.9 (156.6 ) 324.0 Total current liabilities 1,093.8 371.2 457.2 (1,374.6 ) 547.6 Long-term debt and capital lease obligations 599.4 — 6.6 — 606.0 Intercompany notes payable 77.0 928.0 295.6 (1,300.6 ) — Other liabilities 10.0 56.8 184.9 (30.3 ) 221.4 Shareholders' equity 212.8 1,300.9 1,377.1 (2,678.0 ) 212.8 Total liabilities and shareholders' equity $ 1,993.0 $ 2,656.9 $ 2,321.4 $ (5,383.5 ) $ 1,587.8 Condensed Consolidating Statement of Cash Flows 26 weeks ended July 1, 2017 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Operating Activities: Net cash provided by (used in) operating activities $ (18.7 ) $ (29.5 ) $ 80.0 $ (17.8 ) $ 14.0 Investing Activities: Capital expenditures — (8.0 ) (24.0 ) — (32.0 ) Proceeds from disposal of property, plant and equipment — — 5.3 — 5.3 Net intercompany loans 28.5 1.2 (38.8 ) 9.1 — Net cash provided by (used in) investing activities 28.5 (6.8 ) (57.5 ) 9.1 (26.7 ) Financing Activities: Dividend payments to shareholders (69.3 ) — — — (69.3 ) Dividend payments to parent — — (7.7 ) 7.7 — Proceeds from exercise of stock options 9.9 — — — 9.9 Repurchase of common stock (0.6 ) — — — (0.6 ) Repayment of capital lease obligations — — (1.2 ) — (1.2 ) Net change in short-term debt 60.0 — 0.1 — 60.1 Net intercompany borrowings (9.8 ) 35.9 (27.1 ) 1.0 — Net cash provided by (used in) financing activities (9.8 ) 35.9 (35.9 ) 8.7 (1.1 ) Effect of exchange rate changes on cash and cash equivalents — — 5.6 — 5.6 Net change in cash and cash equivalents — (0.4 ) (7.8 ) — (8.2 ) Cash and cash equivalents at beginning of year — 0.5 92.7 — 93.2 Cash and cash equivalents at end of period $ — $ 0.1 $ 84.9 $ — $ 85.0 Condensed Consolidating Statement of Cash Flows 26 weeks ended June 25, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Operating Activities: Net cash provided by (used in) operating activities $ (10.9 ) $ (28.9 ) $ 62.2 $ 9.4 $ 31.8 Investing Activities: Capital expenditures — (5.1 ) (20.2 ) — (25.3 ) Proceeds from disposal of property, plant and equipment — — 2.3 — 2.3 Net intercompany loans 52.1 (17.5 ) (38.3 ) 3.7 — Net cash provided by (used in) investing activities 52.1 (22.6 ) (56.2 ) 3.7 (23.0 ) Financing Activities: Dividend payments to shareholders (69.4 ) — — — (69.4 ) Dividend payments to parent — — (3.1 ) 3.1 — Net proceeds from issuance of senior notes (0.1 ) — 0.1 — — Proceeds from exercise of stock options 0.4 — — — 0.4 Repurchase of common stock (0.8 ) — — — (0.8 ) Repayment of capital lease obligations — — (1.3 ) — (1.3 ) Net change in short-term debt 27.7 (1.2 ) 31.7 — 58.2 Net intercompany borrowings 1.0 53.4 (38.2 ) (16.2 ) — Net cash provided by (used in) financing activities (41.2 ) 52.2 (10.8 ) (13.1 ) (12.9 ) Effect of exchange rate changes on cash and cash equivalents — — 3.3 — 3.3 Net change in cash and cash equivalents — 0.7 (1.5 ) — (0.8 ) Cash and cash equivalents at beginning of year — — 79.8 — 79.8 Cash and cash equivalents at end of period $ — $ 0.7 $ 78.3 $ — $ 79.0

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jul. 01, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements In May 2017, the FASB issued an amendment to existing guidance on stock compensation to provide clarity and reduce diversity in modification accounting. Under the amendment, modification accounting is to be applied unless the fair value, vesting conditions and classification of the modified award are the same as that of the original award immediately before the modification. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect an impact from the adoption of this amendment on its Consolidated Financial Statements. In March 2017, the FASB issued an amendment to existing guidance on presentation of net periodic pension and post-retirement benefit costs. Under the amendment, the service cost component will be presented in the same income statement line item as other compensation costs arising from services rendered during the period. The other components of the net periodic benefit cost will be presented separately from the service cost and outside operating income subtotal. Only the service cost will be eligible for capitalization in assets. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect a significant impact from the adoption of this amendment on its Consolidated Financial Statements. 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. The August 2015 amendment also allowed early adoption of the revenue standard, but not before the original effective date of December 15, 2016. In March and April 2016, the FASB issued amendments to provide clarification on implementation guidance. In May 2016, the FASB issued amendments to provide clarification on assessment of collectibility criteria, presentation of sales taxes and measurement of noncash consideration. In addition, the amendment provided clarification and included simplification to transition guidance on contract modifications and completed contracts at transition. In December 2016, the FASB issued amendments to provide clarification on codification and guidance application. In February 2017, the FASB issued an amendment to clarify the scope of asset derecognition guidance and provide detailed guidance on partial sales transactions. The Company has surveyed revenue recognition policies across each of its global operating segments, and is evaluating the impact of the adoption of this amendment on its Consolidated Financial Statements. While there are expected to be changes in policy in certain units, the impact to the Consolidated Financial Statements is not expected to be significant, as the majority of the Company's transactions are not accounted for under industry-specific guidance that will be superseded by the new guidance and generally only consists of a single performance obligation to transfer non-customized, promised goods. The Company expects to use the modified retrospective method of adoption beginning January 2018. In October 2016, the FASB issued an amendment to existing guidance on income tax consequences of intra-entity transfers of assets other than inventory. Under the amendment, the income tax consequences of an intra-entity transfer of an asset other than inventory will be recognized when the transfer occurs. This guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. 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 specific impact of the adoption of this amendment on its Consolidated Financial Statements, though it does expect an increase in both assets and liabilities upon adoption due to recognition of operating lease assets and related liabilities.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jul. 01, 2017
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 2016 financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2016 . 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 statement 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.
Fiscal Period, Policy	The Company's fiscal year ends on the last Saturday of December. As a result, the 2016 fiscal year included 53 weeks with 14 weeks in the fourth quarter, whereas the 2017 fiscal year will include 52 weeks with 13 weeks in the fourth quarter.
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)	6 Months Ended
	Jul. 01, 2017
Inventory, Net [Abstract]
Components of Inventories	Inventories (In millions) July 1, December 31, Finished goods $ 224.2 $ 189.4 Work in process 28.4 23.0 Raw materials and supplies 35.5 28.0 Total inventories $ 288.1 $ 240.4

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	6 Months Ended
	Jul. 01, 2017
Earnings Per Share [Abstract]
Elements of Earnings per Share Computations	The elements of the earnings (loss) per share computations were as follows: 13 weeks ended 26 weeks ended (In millions, except per share amounts) July 1, June 25, July 1, June 25, Net income (loss) $ (17.7 ) $ 52.4 $ 29.7 $ 95.8 Weighted-average shares of common stock outstanding 50.8 50.5 50.7 50.5 Common equivalent shares: Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units — 0.2 0.5 0.1 Weighted-average common and common equivalent shares outstanding 50.8 50.7 51.2 50.6 Basic earnings (loss) per share $ (0.35 ) $ 1.04 $ 0.59 $ 1.90 Diluted earnings (loss) per share $ (0.35 ) $ 1.03 $ 0.58 $ 1.89 Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive 2.9 1.6 1.0 1.7

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jul. 01, 2017
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 31, 2016 $ (544.3 ) $ 4.9 $ (32.1 ) $ (571.5 ) Other comprehensive income (loss) before reclassifications 52.2 (4.7 ) (4.0 ) 43.5 Amounts reclassified from accumulated other comprehensive loss — (1.2 ) 0.7 (0.5 ) Net current-period other comprehensive income (loss) 52.2 (5.9 ) (3.3 ) 43.0 Balance at July 1, 2017 $ (492.1 ) $ (1.0 ) $ (35.4 ) $ (528.5 ) (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 loss before reclassifications (11.8 ) (0.8 ) (1.0 ) (13.6 ) Amounts reclassified from accumulated other comprehensive loss — (2.9 ) 0.6 (2.3 ) Net current-period other comprehensive loss (11.8 ) (3.7 ) (0.4 ) (15.9 ) Balance at June 25, 2016 $ (502.4 ) $ 0.6 $ (36.1 ) $ (537.9 )

Re-engineering and Impairment31

Re-engineering and Impairment Costs (Tables)	6 Months Ended
	Jul. 01, 2017
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 July 1, 2017 and December 31, 2016 were as follows: (In millions) July 1, December 31, Beginning of the year balance $ 1.6 $ 1.7 Provision 34.9 7.6 Non-cash charges (3.1 ) (0.3 ) Cash expenditures: Severance (3.5 ) (5.2 ) Other (0.3 ) (2.2 ) End of period balance $ 29.6 $ 1.6

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 01, 2017
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	13 weeks ended 26 weeks ended (In millions) July 1, June 25, July 1, June 25, Net sales: Europe $ 135.4 $ 138.4 $ 284.9 $ 292.3 Asia Pacific 183.5 194.3 360.8 365.9 Tupperware North America 97.1 93.1 188.9 176.3 Beauty North America 44.7 53.4 84.2 102.3 South America 112.2 85.5 208.9 153.6 Total net sales $ 572.9 $ 564.7 $ 1,127.7 $ 1,090.4 Segment profit (loss): Europe $ 11.9 $ 14.6 $ 31.8 $ 39.8 Asia Pacific 46.2 46.7 86.2 83.6 Tupperware North America 21.1 19.4 37.5 34.0 Beauty North America (0.4 ) 1.4 (1.0 ) (0.3 ) South America 27.9 15.6 46.1 28.6 Total segment profit $ 106.7 $ 97.7 $ 200.6 $ 185.7 Unallocated expenses (16.1 ) (16.0 ) (32.5 ) (33.4 ) Re-engineering and impairment charges (a) (32.6 ) (1.9 ) (34.9 ) (3.0 ) Impairment of goodwill (62.9 ) — (62.9 ) — Gains on disposal of assets 3.1 0.8 3.2 0.9 Interest expense, net (10.9 ) (10.4 ) (22.0 ) (21.8 ) Income (loss) before taxes $ (12.7 ) $ 70.2 $ 51.5 $ 128.4 (In millions) July 1, December 31, Identifiable assets: Europe $ 288.6 $ 257.2 Asia Pacific 293.9 278.6 Tupperware North America 142.3 119.0 Beauty North America 184.4 214.7 South America 146.4 124.6 Corporate 605.1 593.7 Total identifiable assets $ 1,660.7 $ 1,587.8 _________________________ (a) See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jul. 01, 2017
Debt Disclosure [Abstract]
Schedule of Total Debt Obligations	(In millions) July 1, December 31, 2016 Fixed rate senior notes due 2021 $ 599.5 $ 599.4 Five year Revolving Credit Agreement (a) 171.0 104.0 Belgium facility capital lease 7.9 8.4 Other 0.1 0.1 Total debt obligations $ 778.5 $ 711.9 ____________________ (a) $91.5 million and $84.6 million denominated in euros as of July 1, 2017 and December 31, 2016 , respectively.

Derivative Instruments and He34

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jul. 01, 2017
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 July 1, 2017 and December 31, 2016 . 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 July 1, Dec 31, Balance sheet location July 1, Dec 31, Foreign exchange contracts Non-trade amounts receivable $ 24.0 $ 41.1 Accrued liabilities $ 25.1 $ 31.7 The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the second quarters of 2017 and 2016 : 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 2017 2016 2017 2016 Foreign exchange contracts Other expense $ 10.0 $ (5.8 ) Other expense $ (10.0 ) $ 5.9 The following table summarizes the impact of the Company's hedging activities on comprehensive income for the second quarters of 2017 and 2016 : 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 2017 2016 2017 2016 2017 2016 Foreign exchange contracts $ (1.6 ) $ 1.1 Cost of products sold $ 0.1 $ 1.0 Interest expense $ (1.1 ) $ (1.2 ) Net equity hedging relationships Foreign exchange contracts (13.2 ) 11.4 Other expense — — Interest expense (6.3 ) (4.4 ) Euro denominated debt (3.6 ) (0.3 ) The following table summarizes the impact of the Company's fair value hedging positions on the results of operations for the year-to-date periods ended July 1, 2017 and June 25, 2016 : 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 2017 2016 2017 2016 Foreign exchange contracts Other expense $ 38.2 $ (4.4 ) Other expense $ (38.1 ) $ 4.5 The following table summarizes the impact of the Company's hedging activities on comprehensive income for the year-to-date periods ended July 1, 2017 and June 25, 2016 : 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 2017 2016 2017 2016 2017 2016 Foreign exchange contracts $ (6.0 ) $ (0.6 ) Cost of products sold $ 1.7 $ 4.0 Interest expense $ (2.4 ) $ (2.8 ) Net equity hedging relationships Foreign exchange contracts (43.2 ) 8.4 Other expense — — Interest expense (12.2 ) (9.6 ) Euro denominated debt (6.9 ) (3.0 )

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	6 Months Ended
	Jul. 01, 2017
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]
Components of Net Periodic Benefit Cost	Components of net periodic benefit cost for the second quarter and year-to-date periods ended July 1, 2017 and June 25, 2016 were as follows: Second Quarte r Year-to-Date Pension benefits Post-retirement benefits Pension benefits Post-retirement benefits (In millions) 2017 2016 2017 2016 2017 2016 2017 2016 Service cost $ 2.7 $ 2.7 $ 0.1 $ — $ 5.3 $ 5.4 $ 0.1 $ — Interest cost 1.4 1.6 0.1 0.2 2.8 3.2 0.3 0.4 Expected return on plan assets (1.2 ) (1.3 ) — — (2.4 ) (2.7 ) — — Settlement/curtailment — 0.6 — — 0.8 0.6 — — Net amortization 0.4 0.4 (0.3 ) (0.4 ) 0.7 0.8 (0.6 ) (0.7 ) Net periodic benefit cost $ 3.3 $ 4.0 $ (0.1 ) $ (0.2 ) $ 7.2 $ 7.3 $ (0.2 ) $ (0.3 )

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jul. 01, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Option Activity	Stock option activity for 2017 is summarized in the following table: Shares subject to option Weighted average exercise price per share Aggregate intrinsic value (in millions) Outstanding at December 31, 2016 2,722,965 $ 57.78 Expired / Forfeited (34,058 ) 68.32 Exercised (201,486 ) 49.40 Outstanding at July 1, 2017 2,487,421 $ 58.31 $ 32.7 Exercisable at July 1, 2017 1,377,037 $ 58.28 $ 19.5
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 2017 is summarized in the following table: Shares outstanding Weighted average grant date fair value December 31, 2016 602,940 $ 61.28 Time-vested shares granted 26,625 67.62 Market-vested shares granted 25,170 61.29 Performance shares granted 76,615 60.39 Performance share adjustments (18,536 ) 65.77 Vested (60,037 ) 73.11 Forfeited (12,658 ) 59.84 July 1, 2017 640,119 $ 60.23
Schedule of Compensation Expense	Compensation expense related to the Company's stock based compensation for the second quarter and year-to-date periods ended July 1, 2017 and June 25, 2016 were as follows: Second Quarter Year-to-Date (In millions) 2017 2016 2017 2016 Stock options $ 0.8 $ 0.7 $ 1.5 $ 1.3 Time, performance and market vested share awards 3.6 3.6 7.7 6.9

Allowance for Long-Term Recei37

Allowance for Long-Term Receivables (Tables)	6 Months Ended
	Jul. 01, 2017
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 July 1, 2017 was as follows: (In millions) Balance at December 31, 2016 $ 11.0 Write-offs (0.3 ) Provision and reclassifications 2.2 Currency translation adjustment 1.1 Balance at July 1, 2017 $ 14.0

Guarantor Information (Tables)

Guarantor Information (Tables)	6 Months Ended
	Jul. 01, 2017
Guarantor Information [Abstract]
Consolidating Statement of Income	Consolidating Statement of Income 13 weeks ended July 1, 2017 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 574.0 $ (1.1 ) $ 572.9 Other revenue — 32.7 6.4 (39.1 ) — Cost of products sold — 6.4 214.2 (38.0 ) 182.6 Gross margin — 26.3 366.2 (2.2 ) 390.3 Delivery, sales and administrative expense 3.5 23.3 274.9 (2.2 ) 299.5 Re-engineering and impairment charges — 0.3 32.3 — 32.6 Impairment of goodwill — — 62.9 — 62.9 Gains on disposal of assets — — 3.1 — 3.1 Operating income (loss) (3.5 ) 2.7 (0.8 ) — (1.6 ) Interest income 5.1 0.3 9.5 (14.2 ) 0.7 Interest expense 9.5 14.6 1.7 (14.2 ) 11.6 Income (loss) from equity investments in subsidiaries (12.0 ) 1.9 — 10.1 — Other expense (income) — 9.5 (9.3 ) — 0.2 Income (loss) before income taxes (19.9 ) (19.2 ) 16.3 10.1 (12.7 ) Provision (benefit) for income taxes (2.2 ) (4.6 ) 11.8 — 5.0 Net income (loss) $ (17.7 ) $ (14.6 ) $ 4.5 $ 10.1 $ (17.7 ) Comprehensive income (loss) $ (10.9 ) $ (4.8 ) $ 21.9 $ (17.1 ) $ (10.9 ) Consolidating Statement of Income 13 weeks ended June 25, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 565.6 $ (0.9 ) $ 564.7 Other revenue — 30.2 7.7 (37.9 ) — Cost of products sold — 7.7 212.8 (36.6 ) 183.9 Gross margin — 22.5 360.5 (2.2 ) 380.8 Delivery, sales and administrative expense 3.5 13.8 283.1 (2.2 ) 298.2 Re-engineering and impairment charges — — 1.9 — 1.9 Gains on disposal of assets — — 0.8 — 0.8 Operating income (loss) (3.5 ) 8.7 76.3 — 81.5 Interest income 5.1 0.5 5.9 (10.7 ) 0.8 Interest expense 7.7 12.1 2.1 (10.7 ) 11.2 Income (loss) from equity investments in subsidiaries 56.3 54.7 — (111.0 ) — Other expense (income) 0.1 (12.2 ) 13.0 — 0.9 Income (loss) before income taxes 50.1 64.0 67.1 (111.0 ) 70.2 Provision (benefit) for income taxes (2.3 ) 1.5 18.6 — 17.8 Net income (loss) $ 52.4 $ 62.5 $ 48.5 $ (111.0 ) $ 52.4 Comprehensive income (loss) $ 38.8 $ 49.2 $ 28.8 $ (78.0 ) $ 38.8 Consolidating Statement of Income 26 weeks ended July 1, 2017 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 1,130.7 $ (3.0 ) $ 1,127.7 Other revenue — 58.2 15.0 (73.2 ) — Cost of products sold — 15.0 416.8 (71.5 ) 360.3 Gross margin — 43.2 728.9 (4.7 ) 767.4 Delivery, sales and administrative expense 7.4 46.5 549.4 (4.7 ) 598.6 Re-engineering and impairment charges — 0.7 34.2 — 34.9 Impairment of goodwill — — 62.9 — 62.9 Gains on disposal of assets — — 3.2 — 3.2 Operating income (loss) (7.4 ) (4.0 ) 85.6 — 74.2 Interest income 10.2 1.0 17.8 (27.8 ) 1.2 Interest expense 18.1 28.9 4.0 (27.8 ) 23.2 Income (loss) from equity investments in subsidiaries 39.9 80.6 — (120.5 ) — Other expense (income) — 24.9 (24.2 ) — 0.7 Income (loss) before income taxes 24.6 23.8 123.6 (120.5 ) 51.5 Provision (benefit) for income taxes (5.1 ) (12.3 ) 39.2 — 21.8 Net income (loss) $ 29.7 $ 36.1 $ 84.4 $ (120.5 ) $ 29.7 Comprehensive income (loss) $ 72.7 $ 84.6 $ 154.7 $ (239.3 ) $ 72.7 Consolidating Statement of Income 26 weeks ended June 25, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Net sales $ — $ — $ 1,092.6 $ (2.2 ) $ 1,090.4 Other revenue — 55.5 15.4 (70.9 ) — Cost of products sold — 15.4 403.0 (68.5 ) 349.9 Gross margin — 40.1 705.0 (4.6 ) 740.5 Delivery, sales and administrative expense 6.7 36.2 548.6 (4.6 ) 586.9 Re-engineering and impairment charges — — 3.0 — 3.0 Gains on disposal of assets — — 0.9 — 0.9 Operating income (loss) (6.7 ) 3.9 154.3 — 151.5 Interest income 10.2 0.9 12.1 (21.7 ) 1.5 Interest expense 16.4 24.4 4.2 (21.7 ) 23.3 Income (loss) from equity investments in subsidiaries 104.1 108.1 — (212.2 ) — Other expense (income) 0.1 (16.3 ) 17.5 — 1.3 Income (loss) before income taxes 91.1 104.8 144.7 (212.2 ) 128.4 Provision (benefit) for income taxes (4.7 ) (5.7 ) 43.0 — 32.6 Net income (loss) $ 95.8 $ 110.5 $ 101.7 $ (212.2 ) $ 95.8 Comprehensive income (loss) $ 79.9 $ 96.3 $ 78.3 $ (174.6 ) $ 79.9
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet July 1, 2017 (In millions) Parent Guarantor Non-Guarantors Eliminations Total ASSETS Cash and cash equivalents $ — $ 0.1 $ 84.9 $ — $ 85.0 Accounts receivable, net — — 156.4 — 156.4 Inventories — — 288.1 — 288.1 Non-trade amounts receivable, net — 64.6 73.1 (86.3 ) 51.4 Intercompany receivables 17.0 924.8 284.8 (1,226.6 ) — Prepaid expenses and other current assets 1.6 7.1 98.2 (78.3 ) 28.6 Total current assets 18.6 996.6 985.5 (1,391.2 ) 609.5 Deferred income tax benefits, net 142.7 208.9 232.8 — 584.4 Property, plant and equipment, net — 50.6 217.7 — 268.3 Long-term receivables, net — 0.1 15.5 — 15.6 Trademarks and tradenames, net — — 69.2 — 69.2 Goodwill — 2.9 77.7 — 80.6 Investments in subsidiaries 1,444.8 1,464.7 — (2,909.5 ) — Intercompany notes receivable 489.2 101.7 813.5 (1,404.4 ) — Other assets, net 1.0 1.3 78.4 (47.6 ) 33.1 Total assets $ 2,096.3 $ 2,826.8 $ 2,490.3 $ (5,752.7 ) $ 1,660.7 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ — $ 2.3 $ 87.2 $ — $ 89.5 Short-term borrowings and current portion of long-term debt and capital lease obligations 171.0 — 2.2 — 173.2 Intercompany payables 849.1 283.0 94.5 (1,226.6 ) — Accrued liabilities 117.0 98.7 281.8 (164.6 ) 332.9 Total current liabilities 1,137.1 384.0 465.7 (1,391.2 ) 595.6 Long-term debt and capital lease obligations 599.5 — 5.8 — 605.3 Intercompany notes payable 115.3 983.6 305.5 (1,404.4 ) — Other liabilities 10.7 73.7 189.3 (47.6 ) 226.1 Shareholders' equity 233.7 1,385.5 1,524.0 (2,909.5 ) 233.7 Total liabilities and shareholders' equity $ 2,096.3 $ 2,826.8 $ 2,490.3 $ (5,752.7 ) $ 1,660.7 Condensed Consolidating Balance Sheet December 31, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total ASSETS Cash and cash equivalents $ — $ 0.5 $ 92.7 $ — $ 93.2 Accounts receivable, net — — 125.3 — 125.3 Inventories — — 240.4 — 240.4 Non-trade amounts receivable, net — 50.5 85.1 (70.7 ) 64.9 Intercompany receivables 11.9 935.8 270.3 (1,218.0 ) — Prepaid expenses and other current assets 1.1 5.4 100.9 (85.9 ) 21.5 Total current assets 13.0 992.2 914.7 (1,374.6 ) 545.3 Deferred income tax benefits, net 142.7 193.2 203.8 — 539.7 Property, plant and equipment, net — 50.4 209.4 — 259.8 Long-term receivables, net — 0.1 13.1 — 13.2 Trademarks and tradenames, net — — 67.3 — 67.3 Goodwill — 2.9 129.7 — 132.6 Investments in subsidiaries 1,356.7 1,321.3 — (2,678.0 ) — Intercompany notes receivable 479.4 95.6 725.6 (1,300.6 ) — Other assets, net 1.2 1.2 57.8 (30.3 ) 29.9 Total assets $ 1,993.0 $ 2,656.9 $ 2,321.4 $ (5,383.5 ) $ 1,587.8 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable $ — $ 5.0 $ 112.7 $ — $ 117.7 Short-term borrowings and current portion of long-term debt and capital lease obligations 104.0 — 1.9 — 105.9 Intercompany payables 858.9 263.4 95.7 (1,218.0 ) — Accrued liabilities 130.9 102.8 246.9 (156.6 ) 324.0 Total current liabilities 1,093.8 371.2 457.2 (1,374.6 ) 547.6 Long-term debt and capital lease obligations 599.4 — 6.6 — 606.0 Intercompany notes payable 77.0 928.0 295.6 (1,300.6 ) — Other liabilities 10.0 56.8 184.9 (30.3 ) 221.4 Shareholders' equity 212.8 1,300.9 1,377.1 (2,678.0 ) 212.8 Total liabilities and shareholders' equity $ 1,993.0 $ 2,656.9 $ 2,321.4 $ (5,383.5 ) $ 1,587.8
Condensed Consolidating Statement of Cash Flows	Condensed Consolidating Statement of Cash Flows 26 weeks ended July 1, 2017 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Operating Activities: Net cash provided by (used in) operating activities $ (18.7 ) $ (29.5 ) $ 80.0 $ (17.8 ) $ 14.0 Investing Activities: Capital expenditures — (8.0 ) (24.0 ) — (32.0 ) Proceeds from disposal of property, plant and equipment — — 5.3 — 5.3 Net intercompany loans 28.5 1.2 (38.8 ) 9.1 — Net cash provided by (used in) investing activities 28.5 (6.8 ) (57.5 ) 9.1 (26.7 ) Financing Activities: Dividend payments to shareholders (69.3 ) — — — (69.3 ) Dividend payments to parent — — (7.7 ) 7.7 — Proceeds from exercise of stock options 9.9 — — — 9.9 Repurchase of common stock (0.6 ) — — — (0.6 ) Repayment of capital lease obligations — — (1.2 ) — (1.2 ) Net change in short-term debt 60.0 — 0.1 — 60.1 Net intercompany borrowings (9.8 ) 35.9 (27.1 ) 1.0 — Net cash provided by (used in) financing activities (9.8 ) 35.9 (35.9 ) 8.7 (1.1 ) Effect of exchange rate changes on cash and cash equivalents — — 5.6 — 5.6 Net change in cash and cash equivalents — (0.4 ) (7.8 ) — (8.2 ) Cash and cash equivalents at beginning of year — 0.5 92.7 — 93.2 Cash and cash equivalents at end of period $ — $ 0.1 $ 84.9 $ — $ 85.0 Condensed Consolidating Statement of Cash Flows 26 weeks ended June 25, 2016 (In millions) Parent Guarantor Non-Guarantors Eliminations Total Operating Activities: Net cash provided by (used in) operating activities $ (10.9 ) $ (28.9 ) $ 62.2 $ 9.4 $ 31.8 Investing Activities: Capital expenditures — (5.1 ) (20.2 ) — (25.3 ) Proceeds from disposal of property, plant and equipment — — 2.3 — 2.3 Net intercompany loans 52.1 (17.5 ) (38.3 ) 3.7 — Net cash provided by (used in) investing activities 52.1 (22.6 ) (56.2 ) 3.7 (23.0 ) Financing Activities: Dividend payments to shareholders (69.4 ) — — — (69.4 ) Dividend payments to parent — — (3.1 ) 3.1 — Net proceeds from issuance of senior notes (0.1 ) — 0.1 — — Proceeds from exercise of stock options 0.4 — — — 0.4 Repurchase of common stock (0.8 ) — — — (0.8 ) Repayment of capital lease obligations — — (1.3 ) — (1.3 ) Net change in short-term debt 27.7 (1.2 ) 31.7 — 58.2 Net intercompany borrowings 1.0 53.4 (38.2 ) (16.2 ) — Net cash provided by (used in) financing activities (41.2 ) 52.2 (10.8 ) (13.1 ) (12.9 ) Effect of exchange rate changes on cash and cash equivalents — — 3.3 — 3.3 Net change in cash and cash equivalents — 0.7 (1.5 ) — (0.8 ) Cash and cash equivalents at beginning of year — — 79.8 — 79.8 Cash and cash equivalents at end of period $ — $ 0.7 $ 78.3 $ — $ 79.0

Shipping and Handling Costs (De

Shipping and Handling Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
Shipping and Handling Costs [Abstract]
Distribution costs	$ 35.7	$ 34.8	$ 70.5	$ 66.5

Promotional Costs (Details)

Promotional Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
Promotional Costs [Abstract]
Promotional and other sales force compensation expenses	$ 91.7	$ 98	$ 187.6	$ 191.7

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jul. 01, 2017	Dec. 31, 2016
Inventory, Net [Abstract]
Finished goods	$ 224.2	$ 189.4
Work in process	28.4	23
Raw materials and supplies	35.5	28
Total inventories	$ 288.1	$ 240.4

Net Income Per Common Share (De

Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
Net Income Per Common Share [Line Items]
Net income (loss)	$ (17.7)	$ 52.4	$ 29.7	$ 95.8
Weighted-average shares of common stock outstanding	50.8	50.5	50.7	50.5
Common equivalent shares:
Assumed exercise of dilutive options, restricted shares, restricted stock units and performance share units	0	0.2	0.5	0.1
Weighted-average common and common equivalent shares outstanding	50.8	50.7	51.2	50.6
Basic earnings (loss) per share	$ (0.35)	$ 1.04	$ 0.59	$ 1.90
Diluted earnings (loss) per share	$ (0.35)	$ 1.03	$ 0.58	$ 1.89
Shares excluded from the determination of potential common stock because inclusion would have been anti-dilutive	2.9	1.6	1	1.7

Accumulated Other Comprehensi43

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016	Dec. 31, 2016	Dec. 26, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (528.5)	$ (537.9)	$ (528.5)	$ (537.9)	$ (571.5)	$ (522)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			43.5	(13.6)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			(0.5)	(2.3)
Other Comprehensive Income (Loss), Net of Tax	6.8	(13.6)	43	(15.9)
Amounts reclassified from accumulated other comprehensive loss, cash flow hedges, before tax			1.7	4
Amounts reclassified from accumulated other comprehensive loss, cash flow hedges, tax			(0.5)	(1.1)
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, prior service benefit, before tax			0.6	0.7
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, actuarial losses, before tax			(0.7)	(0.8)
Amounts reclassified from accumulated other comprehenesive loss, pension and other post-retirement items, settlement or curtailment, before tax			0.8	0.6
Amounts reclassified from accumulated other comprehensive loss, pension and other post-retirement items, tax			0.2	0.1
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(492.1)	(502.4)	(492.1)	(502.4)	(544.3)	(490.6)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			52.2	(11.8)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			0	0
Other Comprehensive Income (Loss), Net of Tax			52.2	(11.8)
Cash Flow Hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	(1)	0.6	(1)	0.6	4.9	4.3
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			(4.7)	(0.8)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			(1.2)	(2.9)
Other Comprehensive Income (Loss), Net of Tax			(5.9)	(3.7)
Pension and Other Post-retirement Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss	$ (35.4)	$ (36.1)	(35.4)	(36.1)	$ (32.1)	$ (35.7)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax			(4)	(1)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax			0.7	0.6
Other Comprehensive Income (Loss), Net of Tax			$ (3.3)	$ (0.4)

Re-engineering and Impairment44

Re-engineering and Impairment Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016	Dec. 31, 2016
Restructuring Reserve [Roll Forward]
Beginning of the year balance			$ 1.6	$ 1.7	$ 1.7
Provision	$ 32.6	$ 1.9	$ 34.9	$ 3	7.6
Cash Payments as a Percentage of Re-engineering Costs, Expected	90.00%		90.00%
Non-cash charges			$ (3.1)		(0.3)
End of period balance	$ 29.6		$ 29.6		1.6
Europe
Restructuring Reserve [Roll Forward]
Provision	24.7
Asia Pacific
Restructuring Reserve [Roll Forward]
Provision	1
Beauty North America
Restructuring Reserve [Roll Forward]
Provision	$ 6.9
Severance
Restructuring Reserve [Roll Forward]
Severance as a Percentage of Re-engineering Costs, Expected	80.00%		80.00%
Cash expenditures			$ (3.5)		(5.2)
Other
Restructuring Reserve [Roll Forward]
Cash expenditures			(0.3)		$ (2.2)
Minimum [Member]
Restructuring Reserve [Roll Forward]
Restructuring and Related Cost, Expected Cost	$ 100		100
Maximum [Member]
Restructuring Reserve [Roll Forward]
Restructuring and Related Cost, Expected Cost	$ 110		$ 110

Goodwill and Intangible Asset45

Goodwill and Intangible Assets (Details) - USD ($)	3 Months Ended
	Jul. 01, 2017	Dec. 31, 2016
Goodwill [Line Items]
Goodwill	$ 80,600,000	$ 132,600,000
Fuller Mexico [Member]
Goodwill [Line Items]
Impairment of Long-Lived Assets Held-for-use	0
Fuller Mexico [Member] | Goodwill [Member]
Goodwill [Line Items]
Goodwill, Impairment Loss	62,900,000
Goodwill	$ 18,900,000
Income Approach Valuation Technique [Member] | Goodwill [Member]
Goodwill [Line Items]
Fair Value, Intangible Assets, Percent Calculated Using Income Approach	75.00%
Cash flow model, forecast period	10 years
Income Approach Valuation Technique [Member] | Fuller Mexico [Member] | Goodwill [Member]
Goodwill [Line Items]
Compound average growth rate	1.60%
Fair Value Inputs, Terminal Growth Rate	3.00%
Fair Value Inputs, Discount Rate	15.80%
Minimum [Member] | Income Approach Valuation Technique [Member] | Fuller Mexico [Member] | Goodwill [Member]
Goodwill [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	(10.00%)
Maximum [Member] | Income Approach Valuation Technique [Member] | Fuller Mexico [Member] | Goodwill [Member]
Goodwill [Line Items]
Fair Value Inputs, Long-term Revenue Growth Rate	4.00%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016		Dec. 31, 2016
Segment Reporting Information [Line Items]
Net sales	$ 572.9	$ 564.7	$ 1,127.7	$ 1,090.4
Segment profit (loss)	106.7	97.7	200.6	185.7
Unallocated expenses	(16.1)	(16)	(32.5)	(33.4)
Re-engineering and impairment charges (a)	(32.6)	(1.9)	(34.9)	(3)	[1]
Goodwill and Intangible Asset Impairment	62.9	0	62.9	0
Gains on disposal of assets	3.1	0.8	3.2	0.9
Interest expense, net	(10.9)	(10.4)	(22)	(21.8)
Income (loss) before income taxes	(12.7)	70.2	51.5	128.4
Total identifiable assets	1,660.7		1,660.7			$ 1,587.8
Europe
Segment Reporting Information [Line Items]
Net sales	135.4	138.4	284.9	292.3
Segment profit (loss)	11.9	14.6	31.8	39.8
Total identifiable assets	288.6		288.6			257.2
Asia Pacific
Segment Reporting Information [Line Items]
Net sales	183.5	194.3	360.8	365.9
Segment profit (loss)	46.2	46.7	86.2	83.6
Total identifiable assets	293.9		293.9			278.6
Tupperware North America
Segment Reporting Information [Line Items]
Net sales	97.1	93.1	188.9	176.3
Segment profit (loss)	21.1	19.4	37.5	34
Total identifiable assets	142.3		142.3			119
Beauty North America
Segment Reporting Information [Line Items]
Net sales	44.7	53.4	84.2	102.3
Segment profit (loss)	(0.4)	1.4	(1)	(0.3)
Total identifiable assets	184.4		184.4			214.7
South America
Segment Reporting Information [Line Items]
Net sales	112.2	85.5	208.9	153.6
Segment profit (loss)	27.9	15.6	46.1	28.6
Total identifiable assets	146.4		146.4			124.6
Corporate
Segment Reporting Information [Line Items]
Total identifiable assets	605.1		605.1			$ 593.7
Beauty and Personal Care Products [Member]
Segment Reporting Information [Line Items]
Net sales	$ 86.7	$ 96.8	$ 166.3	$ 184.9
[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		6 Months Ended
		Jul. 01, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Debt and Capital Lease Obligations		$ 778.5	$ 711.9
Unused lines of credit		513.2
Senior Notes Due 2021 [Member]
Debt Instrument [Line Items]
Long-term Debt		599.5	599.4
Five-Year Senior Secured Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding	[1]	$ 171	104
Variable rate basis		LIBOR
Unused lines of credit		$ 427.5
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		2.00%
Belgium Facility Capital Lease [Member]
Debt Instrument [Line Items]
Capital Lease Obligations		$ 7.9	8.4
Other Debt Obligations [Member]
Debt Instrument [Line Items]
Long-term Debt		0.1	0.1
Uncommitted Lines of credit [Member]
Debt Instrument [Line Items]
Unused lines of credit		85.7
Euro | Five-Year Senior Secured Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding		$ 91.5	$ 84.6
[1]	(a)$91.5 million and $84.6 million denominated in euros as of July 1, 2017 and December 31, 2016, respectively.

Derivative Instruments and He48

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Net cash impact from hedging activity			$ (1.6)	$ 10
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)	$ 5.3	$ 3.9	$ 10.2	7.8
Cash Flow Hedging [Member] | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
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)	(1.1)	(1.2)	$ (2.4)	(2.8)
Net Equity Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Derivative Used in Net Investment Hedge, Net of Tax	(10.8)	7.1	(32.1)	3.4
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)	$ (6.3)	$ (4.4)	$ (12.2)	$ (9.6)
Minimum [Member] | Cash Flow Hedging [Member] | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Remaining Maturity Range			1 month
Maximum [Member] | Cash Flow Hedging [Member] | Foreign exchange contracts
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Remaining Maturity Range			15 months

Derivative Instruments and He49

Derivative Instruments and Hedging Activities (Outstanding Derivative Financial Instruments at Notional Value) (Details) - Forward Contracts [Member] - USD ($) $ in Millions	Jul. 01, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Asset, Notional Amount	$ 153.6	$ 116.7
Derivative Liability, Notional Amount	156.8	$ 109.6
U.S. dollars | Long [Member]
Derivative [Line Items]
Derivative Asset, Notional Amount	144.7
Swiss franc | Short [Member]
Derivative [Line Items]
Derivative Liability, Notional Amount	32.7
Mexico, Pesos | Short [Member]
Derivative [Line Items]
Derivative Liability, Notional Amount	$ 30.7

Derivative Instruments and He50

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	Jul. 01, 2017	Dec. 31, 2016
Non-trade amounts receivable
Derivatives, Fair Value [Line Items]
Asset derivatives	$ 24	$ 41.1
Accrued liabilities
Derivatives, Fair Value [Line Items]
Liability derivatives	$ 25.1	$ 31.7

Derivative Instruments and He51

Derivative Instruments and Hedging Activities (Company's Derivative Positions and Their Impact on Company's Operations) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
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)	$ 5.3	$ 3.9	$ 10.2	$ 7.8
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	10	(5.8)	38.2	(4.4)
Amount of gain or (loss) recognized in income on related hedged items	(10)	5.9	(38.1)	4.5
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)	1.1	(6)	(0.6)
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)	0.1	1	1.7	4
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)	(1.1)	(1.2)	(2.4)	(2.8)
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)	(13.2)	11.4	(43.2)	8.4
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)	(3.6)	(0.3)	(6.9)	(3)
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	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)	$ (6.3)	$ (4.4)	$ (12.2)	$ (9.6)

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - Senior Notes Due 2021 [Member] - USD ($) $ in Millions	Jul. 01, 2017	Dec. 31, 2016	Jun. 02, 2011
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Stated interest rate			4.75%
Long-term Debt	$ 599.5	$ 599.4
Significant Other Observable Inputs (Level 2)
Fair Value, Assets Measured on Recurring Basis, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 635

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Amortization			$ 0.9	$ 0.7
Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2.7	$ 2.7	5.3	5.4
Interest cost	1.4	1.6	2.8	3.2
Expected return on plan assets	(1.2)	(1.3)	(2.4)	(2.7)
Settlements and Curtailments	0	0.6	0.8	0.6
Net amortization	0.4	0.4	0.7	0.8
Net periodic benefit cost	3.3	4	7.2	7.3
Post-retirement benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.1	0	0.1	0
Interest cost	0.1	0.2	0.3	0.4
Expected return on plan assets	0	0	0	0
Settlements and Curtailments	0	0	0	0
Net amortization	(0.3)	(0.4)	(0.6)	(0.7)
Net periodic benefit cost	$ (0.1)	$ (0.2)	$ (0.2)	$ (0.3)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016	Dec. 31, 2016
Income Taxes [Line Items]
Effective tax rate	(38.90%)	25.40%	42.30%	25.40%
Gross unrecognized tax benefit	$ 20.4		$ 20.4		$ 20.7
Unrecognized tax benefits that would impact effective tax rate, if recognized	19		19
Accrued interest and penalties related to uncertain tax positions	7.5		7.5		$ 7.1
Unrecognized Tax Benefits, Period Increase (Decrease)			(1.5)
Decrease in Unrecognized Tax Benefits Reasonably Possible, Amount of Unrecorded Benefit	$ 1.6		$ 1.6

Statement of Cash Flow Supple55

Statement of Cash Flow Supplemental Disclosure (Details) - USD ($) $ in Millions	6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016
Other Significant Noncash Transactions [Line Items]
Shares Paid for Tax Withholding for Share Based Compensation	9,256	16,602
Shares Paid For Tax Withholding For Share Based Compensation, Value	$ 0.6	$ 0.8

Stock Based Compensation (Detai

Stock Based Compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016
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	$ 24.5		$ 24.5
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition			1 year 9 months 18 days
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at December 31, 2016			2,722,965
Weighted Average Exercise Price Per Share Outstanding, Beginning of Period			$ 57.78
Expired / Forfeited			(34,058)
Weighted Average Exercise Price Per Share Outstanding, Expired/Forfeited			$ 68.32
Exercised			(201,486)
Weighted Average Exercise Price Per Shares Outstanding, Exercised			$ 49.40
Outstanding at July 1, 2017	2,487,421		2,487,421
Weighted Average Exercise Price Per Share Outstanding, End of Period	$ 58.31		$ 58.31
Outstanding Shares Subject to Option, Aggregate Intrinsic Value	$ 32.7		$ 32.7
Exercisable at July 1, 2017	1,377,037		1,377,037
Weighted Average Exercise Price Per Share Exercisable, End of Period	$ 58.28		$ 58.28
Options Exercisable at End of Period, Aggregate Intrinsic Value	$ 19.5		$ 19.5
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value	3	$ 0.7	4	$ 0.7
Stock Option Expense	$ 0.8	0.7	$ 1.5	1.3
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			602,940
Weighted Average Grant Date Fair Value, Beginning of Period			$ 61.28
Shares Outstanding, Vested			(60,037)
Weighted Average Grant Date Fair Value, Vested			$ 73.11
Shares Outstanding, Forfeited			(12,658)
Weighted Average Grant Date Fair Value, Forfeited			$ 59.84
Shares Outstanding, End of Period	640,119		640,119
Weighted Average Grant Date Fair Value, End of Period	$ 60.23		$ 60.23
Time, Performance and Market Vested Share Awards Expense	$ 3.6	$ 3.6	$ 7.7	$ 6.9
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			26,625
Weighted Average Grant Date Fair Value, Granted			$ 67.62
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			25,170
Weighted Average Grant Date Fair Value, Granted			$ 61.29
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			76,615
Weighted Average Grant Date Fair Value, Granted			$ 60.39
Shares Outstanding, Performance Share Adjustments			(18,536)
Weighted Average Grant Date Fair Value, Performance Share Adjustments			$ 65.77

Allowance for Long-Term Recei57

Allowance for Long-Term Receivables (Details) $ in Millions	6 Months Ended
	Jul. 01, 2017USD ($)
Financing Receivable, Allowance for Credit Losses [Line Items]
Long-Term Receivables Past Due	$ 11.4
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance at December 31, 2016	11
Write-offs	(0.3)
Provision and reclassifications	2.2
Currency translation adjustment	1.1
Balance at July 1, 2017	$ 14

Guarantor Information (Details)

Guarantor Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 01, 2017	Jun. 25, 2016	Jul. 01, 2017	Jun. 25, 2016		Dec. 31, 2016	Dec. 26, 2015
Net sales	$ 572.9	$ 564.7	$ 1,127.7	$ 1,090.4
Other revenue	0	0	0	0
Cost of products sold	182.6	183.9	360.3	349.9
Gross margin	390.3	380.8	767.4	740.5
Delivery, sales and administrative expense	299.5	298.2	598.6	586.9
Re-engineering and impairment charges	32.6	1.9	34.9	3	[1]
Goodwill and Intangible Asset Impairment	62.9	0	62.9	0
Gains on disposal of assets	3.1	0.8	3.2	0.9
Operating income (loss)	(1.6)	81.5	74.2	151.5
Interest income	0.7	0.8	1.2	1.5
Interest expense	11.6	11.2	23.2	23.3
Income from equity investments in subsidiaries	0	0	0	0
Other expense	0.2	0.9	0.7	1.3
Income (loss) before income taxes	(12.7)	70.2	51.5	128.4
Provision (benefit) for income taxes	5	17.8	21.8	32.6
Net income (loss)	(17.7)	52.4	29.7	95.8
Comprehensive income (loss)	(10.9)	38.8	72.7	79.9
ASSETS
Cash and cash equivalents	85	79	85	79		$ 93.2	$ 79.8
Accounts receivable, net	156.4		156.4			125.3
Inventories	288.1		288.1			240.4
Non-trade amounts receivable, net	51.4		51.4			64.9
Intercompany receivables	0		0			0
Prepaid expenses and other current assets	28.6		28.6			21.5
Total current assets	609.5		609.5			545.3
Deferred income tax benefits, net	584.4		584.4			539.7
Property, plant and equipment, net	268.3		268.3			259.8
Long-term receivables, net	15.6		15.6			13.2
Trademarks and tradenames, net	69.2		69.2			67.3
Goodwill	80.6		80.6			132.6
Investments in subsidiaries	0		0			0
Intercompany notes receivable	0		0			0
Other assets, net	33.1		33.1			29.9
Total assets	1,660.7		1,660.7			1,587.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	89.5		89.5			117.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	173.2		173.2			105.9
Intercompany payables	0		0			0
Accrued liabilities	332.9		332.9			324
Total current liabilities	595.6		595.6			547.6
Long-term debt and capital lease obligations	605.3		605.3			606
Intercompany notes payable	0		0			0
Other liabilities	226.1		226.1			221.4
Total shareholders' equity	233.7		233.7			212.8
Total liabilities and shareholders' equity	1,660.7		1,660.7			1,587.8
Operating Activities:
Net cash provided by operating activities			14	31.8
Investing Activities:
Capital expenditures			(32)	(25.3)
Proceeds from disposal of property, plant and equipment			5.3	2.3
Net intercompany loans			0	0
Net cash used in investing activities			(26.7)	(23)
Financing Activities:
Dividend payments to shareholders			(69.3)	(69.4)
Cash Dividends Paid to Parent Company			0	0
Proceeds from (Repayments of) Notes Payable				0
Proceeds from exercise of stock options			9.9	0.4
Repurchase of common stock			(0.6)	(0.8)
Repayment of capital lease obligations			(1.2)	(1.3)
Net change in short-term debt			60.1	58.2
Net intercompany borrowings			0	0
Net cash used in financing activities			(1.1)	(12.9)
Effect of exchange rate changes on cash and cash equivalents			5.6	3.3
Net change in cash and cash equivalents			(8.2)	(0.8)
Parent
Net sales	0	0	0	0
Other revenue	0	0	0	0
Cost of products sold	0	0	0	0
Gross margin	0	0	0	0
Delivery, sales and administrative expense	3.5	3.5	7.4	6.7
Re-engineering and impairment charges	0	0	0	0
Goodwill and Intangible Asset Impairment	0		0
Gains on disposal of assets	0	0	0	0
Operating income (loss)	(3.5)	(3.5)	(7.4)	(6.7)
Interest income	5.1	5.1	10.2	10.2
Interest expense	9.5	7.7	18.1	16.4
Income from equity investments in subsidiaries	(12)	56.3	39.9	104.1
Other expense	0	0.1	0	0.1
Income (loss) before income taxes	(19.9)	50.1	24.6	91.1
Provision (benefit) for income taxes	(2.2)	(2.3)	(5.1)	(4.7)
Net income (loss)	(17.7)	52.4	29.7	95.8
Comprehensive income (loss)	(10.9)	38.8	72.7	79.9
ASSETS
Cash and cash equivalents	0	0	0	0		0	0
Accounts receivable, net	0		0			0
Inventories	0		0			0
Non-trade amounts receivable, net	0		0			0
Intercompany receivables	17		17			11.9
Prepaid expenses and other current assets	1.6		1.6			1.1
Total current assets	18.6		18.6			13
Deferred income tax benefits, net	142.7		142.7			142.7
Property, plant and equipment, net	0		0			0
Long-term receivables, net	0		0			0
Trademarks and tradenames, net	0		0			0
Goodwill	0		0			0
Investments in subsidiaries	1,444.8		1,444.8			1,356.7
Intercompany notes receivable	489.2		489.2			479.4
Other assets, net	1		1			1.2
Total assets	2,096.3		2,096.3			1,993
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	0		0			0
Short-term borrowings and current portion of long-term debt and capital lease obligations	171		171			104
Intercompany payables	849.1		849.1			858.9
Accrued liabilities	117		117			130.9
Total current liabilities	1,137.1		1,137.1			1,093.8
Long-term debt and capital lease obligations	599.5		599.5			599.4
Intercompany notes payable	115.3		115.3			77
Other liabilities	10.7		10.7			10
Total shareholders' equity	233.7		233.7			212.8
Total liabilities and shareholders' equity	$ 2,096.3		2,096.3			1,993
Operating Activities:
Net cash provided by operating activities			(18.7)	(10.9)
Investing Activities:
Capital expenditures			0	0
Proceeds from disposal of property, plant and equipment			0	0
Net intercompany loans			28.5	52.1
Net cash used in investing activities			28.5	52.1
Financing Activities:
Dividend payments to shareholders			(69.3)	(69.4)
Cash Dividends Paid to Parent Company			0	0
Proceeds from (Repayments of) Notes Payable				(0.1)
Proceeds from exercise of stock options			9.9	0.4
Repurchase of common stock			(0.6)	(0.8)
Repayment of capital lease obligations			0	0
Net change in short-term debt			60	27.7
Net intercompany borrowings			(9.8)	1
Net cash used in financing activities			(9.8)	(41.2)
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%		100.00%
Net sales	$ 0	0	$ 0	0
Other revenue	32.7	30.2	58.2	55.5
Cost of products sold	6.4	7.7	15	15.4
Gross margin	26.3	22.5	43.2	40.1
Delivery, sales and administrative expense	23.3	13.8	46.5	36.2
Re-engineering and impairment charges	0.3	0	0.7	0
Goodwill and Intangible Asset Impairment	0		0
Gains on disposal of assets	0	0	0	0
Operating income (loss)	2.7	8.7	(4)	3.9
Interest income	0.3	0.5	1	0.9
Interest expense	14.6	12.1	28.9	24.4
Income from equity investments in subsidiaries	1.9	54.7	80.6	108.1
Other expense	9.5	(12.2)	24.9	(16.3)
Income (loss) before income taxes	(19.2)	64	23.8	104.8
Provision (benefit) for income taxes	(4.6)	1.5	(12.3)	(5.7)
Net income (loss)	(14.6)	62.5	36.1	110.5
Comprehensive income (loss)	(4.8)	49.2	84.6	96.3
ASSETS
Cash and cash equivalents	0.1	0.7	0.1	0.7		0.5	0
Accounts receivable, net	0		0			0
Inventories	0		0			0
Non-trade amounts receivable, net	64.6		64.6			50.5
Intercompany receivables	924.8		924.8			935.8
Prepaid expenses and other current assets	7.1		7.1			5.4
Total current assets	996.6		996.6			992.2
Deferred income tax benefits, net	208.9		208.9			193.2
Property, plant and equipment, net	50.6		50.6			50.4
Long-term receivables, net	0.1		0.1			0.1
Trademarks and tradenames, net	0		0			0
Goodwill	2.9		2.9			2.9
Investments in subsidiaries	1,464.7		1,464.7			1,321.3
Intercompany notes receivable	101.7		101.7			95.6
Other assets, net	1.3		1.3			1.2
Total assets	2,826.8		2,826.8			2,656.9
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	2.3		2.3			5
Short-term borrowings and current portion of long-term debt and capital lease obligations	0		0			0
Intercompany payables	283		283			263.4
Accrued liabilities	98.7		98.7			102.8
Total current liabilities	384		384			371.2
Long-term debt and capital lease obligations	0		0			0
Intercompany notes payable	983.6		983.6			928
Other liabilities	73.7		73.7			56.8
Total shareholders' equity	1,385.5		1,385.5			1,300.9
Total liabilities and shareholders' equity	2,826.8		2,826.8			2,656.9
Operating Activities:
Net cash provided by operating activities			(29.5)	(28.9)
Investing Activities:
Capital expenditures			(8)	(5.1)
Proceeds from disposal of property, plant and equipment			0	0
Net intercompany loans			1.2	(17.5)
Net cash used in investing activities			(6.8)	(22.6)
Financing Activities:
Dividend payments to shareholders			0	0
Cash Dividends Paid to Parent Company			0	0
Proceeds from (Repayments of) Notes Payable				0
Proceeds from exercise of stock options			0	0
Repurchase of common stock			0	0
Repayment of capital lease obligations			0	0
Net change in short-term debt			0	(1.2)
Net intercompany borrowings			35.9	53.4
Net cash used in financing activities			35.9	52.2
Effect of exchange rate changes on cash and cash equivalents			0	0
Net change in cash and cash equivalents			(0.4)	0.7
Non-Guarantors
Net sales	574	565.6	1,130.7	1,092.6
Other revenue	6.4	7.7	15	15.4
Cost of products sold	214.2	212.8	416.8	403
Gross margin	366.2	360.5	728.9	705
Delivery, sales and administrative expense	274.9	283.1	549.4	548.6
Re-engineering and impairment charges	32.3	1.9	34.2	3
Goodwill and Intangible Asset Impairment	62.9		62.9
Gains on disposal of assets	3.1	0.8	3.2	0.9
Operating income (loss)	(0.8)	76.3	85.6	154.3
Interest income	9.5	5.9	17.8	12.1
Interest expense	1.7	2.1	4	4.2
Income from equity investments in subsidiaries	0	0	0	0
Other expense	(9.3)	13	(24.2)	17.5
Income (loss) before income taxes	16.3	67.1	123.6	144.7
Provision (benefit) for income taxes	11.8	18.6	39.2	43
Net income (loss)	4.5	48.5	84.4	101.7
Comprehensive income (loss)	21.9	28.8	154.7	78.3
ASSETS
Cash and cash equivalents	84.9	78.3	84.9	78.3		92.7	79.8
Accounts receivable, net	156.4		156.4			125.3
Inventories	288.1		288.1			240.4
Non-trade amounts receivable, net	73.1		73.1			85.1
Intercompany receivables	284.8		284.8			270.3
Prepaid expenses and other current assets	98.2		98.2			100.9
Total current assets	985.5		985.5			914.7
Deferred income tax benefits, net	232.8		232.8			203.8
Property, plant and equipment, net	217.7		217.7			209.4
Long-term receivables, net	15.5		15.5			13.1
Trademarks and tradenames, net	69.2		69.2			67.3
Goodwill	77.7		77.7			129.7
Investments in subsidiaries	0		0			0
Intercompany notes receivable	813.5		813.5			725.6
Other assets, net	78.4		78.4			57.8
Total assets	2,490.3		2,490.3			2,321.4
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	87.2		87.2			112.7
Short-term borrowings and current portion of long-term debt and capital lease obligations	2.2		2.2			1.9
Intercompany payables	94.5		94.5			95.7
Accrued liabilities	281.8		281.8			246.9
Total current liabilities	465.7		465.7			457.2
Long-term debt and capital lease obligations	5.8		5.8			6.6
Intercompany notes payable	305.5		305.5			295.6
Other liabilities	189.3		189.3			184.9
Total shareholders' equity	1,524		1,524			1,377.1
Total liabilities and shareholders' equity	2,490.3		2,490.3			2,321.4
Operating Activities:
Net cash provided by operating activities			80	62.2
Investing Activities:
Capital expenditures			(24)	(20.2)
Proceeds from disposal of property, plant and equipment			5.3	2.3
Net intercompany loans			(38.8)	(38.3)
Net cash used in investing activities			(57.5)	(56.2)
Financing Activities:
Dividend payments to shareholders			0	0
Cash Dividends Paid to Parent Company			(7.7)	(3.1)
Proceeds from (Repayments of) Notes Payable				0.1
Proceeds from exercise of stock options			0	0
Repurchase of common stock			0	0
Repayment of capital lease obligations			(1.2)	(1.3)
Net change in short-term debt			0.1	31.7
Net intercompany borrowings			(27.1)	(38.2)
Net cash used in financing activities			(35.9)	(10.8)
Effect of exchange rate changes on cash and cash equivalents			5.6	3.3
Net change in cash and cash equivalents			(7.8)	(1.5)
Eliminations
Net sales	(1.1)	(0.9)	(3)	(2.2)
Other revenue	(39.1)	(37.9)	(73.2)	(70.9)
Cost of products sold	(38)	(36.6)	(71.5)	(68.5)
Gross margin	(2.2)	(2.2)	(4.7)	(4.6)
Delivery, sales and administrative expense	(2.2)	(2.2)	(4.7)	(4.6)
Re-engineering and impairment charges	0	0	0	0
Goodwill and Intangible Asset Impairment	0		0
Gains on disposal of assets	0	0	0	0
Operating income (loss)	0	0	0	0
Interest income	(14.2)	(10.7)	(27.8)	(21.7)
Interest expense	(14.2)	(10.7)	(27.8)	(21.7)
Income from equity investments in subsidiaries	10.1	(111)	(120.5)	(212.2)
Other expense	0	0	0	0
Income (loss) before income taxes	10.1	(111)	(120.5)	(212.2)
Provision (benefit) for income taxes	0	0	0	0
Net income (loss)	10.1	(111)	(120.5)	(212.2)
Comprehensive income (loss)	(17.1)	(78)	(239.3)	(174.6)
ASSETS
Cash and cash equivalents	0	$ 0	0	0		0	$ 0
Accounts receivable, net	0		0			0
Inventories	0		0			0
Non-trade amounts receivable, net	(86.3)		(86.3)			(70.7)
Intercompany receivables	(1,226.6)		(1,226.6)			(1,218)
Prepaid expenses and other current assets	(78.3)		(78.3)			(85.9)
Total current assets	(1,391.2)		(1,391.2)			(1,374.6)
Deferred income tax benefits, net	0		0			0
Property, plant and equipment, net	0		0			0
Long-term receivables, net	0		0			0
Trademarks and tradenames, net	0		0			0
Goodwill	0		0			0
Investments in subsidiaries	(2,909.5)		(2,909.5)			(2,678)
Intercompany notes receivable	(1,404.4)		(1,404.4)			(1,300.6)
Other assets, net	(47.6)		(47.6)			(30.3)
Total assets	(5,752.7)		(5,752.7)			(5,383.5)
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	0		0			0
Short-term borrowings and current portion of long-term debt and capital lease obligations	0		0			0
Intercompany payables	(1,226.6)		(1,226.6)			(1,218)
Accrued liabilities	(164.6)		(164.6)			(156.6)
Total current liabilities	(1,391.2)		(1,391.2)			(1,374.6)
Long-term debt and capital lease obligations	0		0			0
Intercompany notes payable	(1,404.4)		(1,404.4)			(1,300.6)
Other liabilities	(47.6)		(47.6)			(30.3)
Total shareholders' equity	(2,909.5)		(2,909.5)			(2,678)
Total liabilities and shareholders' equity	$ (5,752.7)		(5,752.7)			$ (5,383.5)
Operating Activities:
Net cash provided by operating activities			(17.8)	9.4
Investing Activities:
Capital expenditures			0	0
Proceeds from disposal of property, plant and equipment			0	0
Net intercompany loans			9.1	3.7
Net cash used in investing activities			9.1	3.7
Financing Activities:
Dividend payments to shareholders			0	0
Cash Dividends Paid to Parent Company			7.7	3.1
Proceeds from (Repayments of) Notes Payable				0
Proceeds from exercise of stock options			0	0
Repurchase of common stock			0	0
Repayment of capital lease obligations			0	0
Net change in short-term debt			0	0
Net intercompany borrowings			1	(16.2)
Net cash used in financing activities			8.7	(13.1)
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.