Jarden (JAH) 10-Q 3 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 22, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	JAH
Entity Registrant Name	JARDEN CORP
Entity Central Index Key	895,655
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		211,071,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - Entity [Domain] - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 2,005.7	$ 1,975.1	$ 3,737.2	$ 3,706.9
Cost of sales	1,398.2	1,373.1	2,629.2	2,590.5
Gross profit	607.5	602	1,108	1,116.4
Selling, general and administrative expenses	416	409.6	944.7	860.5
Restructuring costs, net	1.9	2.3	4.5	2.6
Operating earnings (loss)	189.6	190.1	158.8	253.3
Interest expense, net	51.9	52.9	104.8	106.9
Loss on early extinguishment of debt		54.4		54.4
Income before taxes	137.7	82.8	54	92
Income tax provision	51.8	30.7	23.6	36.2
Net income (loss)	$ 85.9	$ 52.1	$ 30.4	$ 55.8
Earnings per share:
Basic	$ 0.46	$ 0.28	$ 0.16	$ 0.30
Diluted	$ 0.44	$ 0.28	$ 0.16	$ 0.29
Weighted average shares outstanding:
Basic	186.2	184.7	185.8	186.2
Diluted	195.4	187.7	194.6	190.4

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - Entity [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Comprehensive income:
Net income (loss)	$ 85.9	$ 52.1	$ 30.4	$ 55.8
Other comprehensive income (loss), before tax:
Cumulative translation adjustment	16.2	13.5	(67.4)	5.7
Derivative financial instruments	(13.4)	(7.9)	(10.7)	(10)
Accrued benefit cost	1.1	1.1	4.3	2.3
Unrealized gain on investment		4.4		4.4
Total other comprehensive income (loss), before tax	3.9	11.1	(73.8)	2.4
Income tax (provision) benefit related to other comprehensive income (loss)	6.6	0.4	(7.3)	0.8
Comprehensive income (loss)	$ 96.4	$ 63.6	$ (50.7)	$ 59

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - Entity [Domain] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 729.9	$ 1,164.8
Accounts receivable, net of allowances of $103.2 and $119.7 at June 30, 2015 and December 31, 2014, respectively	1,256.5	1,277.9
Inventories	1,884	1,504.7
Deferred taxes on income	222	166.2
Prepaid expenses and other current assets	164.7	204.4
Total current assets	4,257.1	4,318
Property, plant and equipment, net	810.4	849.9
Goodwill	2,885.2	2,880.2
Intangibles, net	2,579	2,598.5
Other assets	150	152.7
Total assets	10,681.7	10,799.3
Liabilities:
Short-term debt and current portion of long-term debt	588.5	594.9
Accounts payable	800.1	809.9
Accrued salaries, wages and employee benefits	171.6	195.1
Other current liabilities	425.7	477.3
Total current liabilities	1,985.9	2,077.2
Long-term debt	4,437	4,464
Deferred taxes on income	1,228.7	1,222.1
Other non-current liabilities	439.7	426.7
Total liabilities	$ 8,091.3	$ 8,190
Commitments and contingencies (see Note 10)
Stockholders' equity:
Preferred stock ($0.01 par value, 5.0 shares authorized, no shares issued at June 30, 2015 and December 31, 2014)
Common stock ($0.01 par value, 500 and 300 shares authorized at June 30, 2015 and December 31, 2014, respectively, 233.3 shares issued at June 30, 2015 and December 31, 2014)	$ 2.3	$ 2.3
Additional paid-in capital	2,562	2,515.5
Retained earnings	1,315.1	1,284.7
Accumulated other comprehensive income (loss)	(261.8)	(180.7)
Less: Treasury stock (40.7 and 41.3 shares, at cost, at June 30, 2015 and December 31, 2014, respectively)	(1,027.2)	(1,012.5)
Total stockholders' equity	2,590.4	2,609.3
Total liabilities and stockholders' equity	$ 10,681.7	$ 10,799.3

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Accounts receivable, allowances	$ 103.2	$ 119.7
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	300,000,000
Common stock, shares issued	233,300,000	233,300,000
Treasury stock, shares	40,700,000	41,300,000

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Entity [Domain] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ 30.4	$ 55.8
Reconciliation of net income to net cash used in operating activities:
Depreciation and amortization	97	92.7
Stock-based compensation	41.2	41
Excess tax benefits from stock-based compensation	(21.5)	(34.9)
Other non-cash items	0.7	(4.9)
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	(2.3)	(27.4)
Inventory	(405.3)	(236.8)
Accounts payable	(8)	58.3
Other assets and liabilities	(64.8)	(118.2)
Net cash provided by (used in) operating activities	(272)	(174.4)
Cash flows from financing activities:
Net change in short-term debt	(6.4)	34
Proceeds from issuance of long-term debt	4	691.6
Payments on long-term debt	(24.3)	(551)
Issuance (repurchase) of common stock, net	(33.5)	(269.8)
Excess tax benefits from stock-based compensation	21.5	34.9
Debt issuance costs		(16.6)
Other	(0.4)	(8.2)
Net cash provided by (used in) financing activities	(39.1)	(85.1)
Cash flows from investing activities:
Additions to property, plant and equipment	(97.7)	(99.3)
Acquisition of businesses, net of cash acquired	(33.2)	(108.4)
Other	39.1	4.8
Net cash provided by (used in) investing activities	(91.8)	(202.9)
Effect of exchange rate changes on cash and cash equivalents	(32)	(0.8)
Net decrease in cash and cash equivalents	(434.9)	(463.2)
Cash and cash equivalents at beginning of period	1,164.8	1,128.5
Cash and cash equivalents at end of period	729.9	$ 665.3
Venezuela
Reconciliation of net income to net cash used in operating activities:
Venezuela-related charges	$ 60.6

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Basis of Presentation and Significant Accounting Policies	1. Basis of Presentation and Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements of Jarden Corporation and its subsidiaries (hereinafter referred to as the “Company” or “Jarden”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements reflect all adjustments that are, in the opinion of management, normal, recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at December 31, 2014 has been derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company’s latest Annual Report on Form 10-K Stock Split On November 24, 2014, the Company consummated a 3-for-2 stock split in the form of a stock dividend of one additional share of common stock for every two shares of common stock. The Company retained the current par value of $0.01 per share for all shares of common stock. All references to the number of shares outstanding, issued shares, per share amounts and restricted stock and stock option data of the Company’s shares of common stock have been restated to reflect the effect of the stock split for all periods presented in the Company’s accompanying consolidated financial statements and footnotes thereto. Supplemental Information Stock-based compensation costs, which are included in selling, general and administrative expenses (“SG&A”), were $2.3 and $6.1 for the three months ended June 30, 2015 and 2014, respectively, and $41.2 and $41.0 for the six months ended June 30, 2015 and 2014, respectively. Interest expense is net of interest income of $0.5 and $1.4 for the three months ended June 30, 2015 and 2014, respectively, and $1.2 and $2.8, for the six months ended June 30, 2015 and 2014, respectively. Venezuela Operations Prior to March 31, 2015, the Company included the results of its Venezuelan operations in the consolidated financial statements using the consolidation method of accounting. Venezuelan exchange control regulations have become increasingly restrictive and have resulted in an other-than-temporary lack of exchangeability between the Venezuelan bolivar and U.S. dollar, and have restricted our Venezuelan operations’ ability to pay obligations denominated in U.S. dollars, as well as pay dividends. These exchange regulations, combined with certain Venezuelan regulations, limit the Company’s ability to rationalize its manufacturing platform to a level that would allow the Company to maintain a sustainable production level that is commensurate with the declining demand resulting from the deteriorating macroeconomic conditions in Venezuela. Furthermore, the Venezuelan government imposes price restrictions that prohibit the Company from pricing its products at acceptable levels. As such, effective March 31, 2015, the Company began reporting the results of its Venezuelan operations using the cost method of accounting. As a result, during the three months ended March 31, 2015, the Company recorded charges of $60.6 related to the deconsolidation of the Company’s subsidiaries operating in Venezuela (the “Venezuela-related charges”) that include in part, charges for the remeasurement of net monetary assets and the impairment of long-lived assets (discussed hereafter). The Venezuela-related charges are recorded in SG&A. On February 10, 2015, the Venezuelan government established a new foreign exchange system, the Marginal Currency System (“SIMADI”). Furthermore, in February 2015 shortly after establishment of SIMADI, the SICAD-II program was eliminated. As such, the Company determined it would be most appropriate to remeasure the net monetary assets of the Company’s subsidiaries operating in Venezuela at the SIMADI exchange rate, as this was the Company’s expected settlement rate. The SIMADI exchange rate was approximately 193 Bolivars per U.S. dollar at March 31, 2015. As such, due to the change to the SIMADI exchange rate, during the three months ended March 31, 2015, the Company recorded a foreign exchange-related charge of $13.0 related to the write-down of net monetary assets due to this remeasurement. This charge is included in the aforementioned Venezuela-related charges. Furthermore, as a result of the continued foreign exchange restrictions, combined with the unfavorable macroeconomic conditions in Venezuela, the Company recorded a $37.3 impairment charge on property, plant and equipment that were previously recorded at historical cost. This charge is included in the aforementioned Venezuela-related charges. Up until December 31, 2014, the financial statements of the Company’s subsidiaries operating in Venezuela were remeasured at and reflected in the Company’s consolidated financial statements at the CENCOEX official exchange rate of 6.30 Bolivars per U.S. dollar. Due to the evolving foreign exchange control environment in Venezuela and additional experience with the various foreign exchange mechanisms, as of December 31, 2014, the Company determined it would be most appropriate to remeasure the financial statements of the Company’s subsidiaries operating in Venezuela at the SICAD-II exchange rate of 50.0 Bolivars per U.S. dollar. New Accounting Guidance In May 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2015-07, “Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), (“ASU 2015-07”). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and remove certain related disclosure requirements. ASU 2015-07 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Since ASU 2015-07 only modifies existing disclosures, the adoption of ASU 2015-07 will not affect the consolidated financial position, results of operations or cash flows of the Company. In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). ASU No. 2015-03 changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability rather than as an asset. ASU 2015-03 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-03 to have a material effect on its consolidated financial position, results of operations or cash flows. In February 2015, the FASB issued ASU No. 2015-02, “Amendments to the Consolidation Analysis” (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities. ASU 2015-02 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-02 to have a material effect on its consolidated financial position, results of operations or cash flows. Adoption of New Accounting Guidance In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”). ASU-2014-08 establishes criteria for determining which disposals qualify as discontinued operations and also establishes disclosure requirements for both discontinued operations and material disposals that do not meet the definition of discontinued operations. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014. The adoption of the provisions of ASU 2014-08 did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2015
Acquisitions	2. Acquisitions 2015 Activity On July 31, 2015, the Company acquired Waddington Group, Inc. (“Waddington”), a leading manufacturer and marketer of premium disposable tableware for commercial, foodservice and retail markets (the “Acquisition”). The total value of the transaction, including debt assumed and repaid, was approximately $1.35 billion, subject to certain adjustments. The Acquisition is expected to expand the Company’s product offerings and distribution channels, particularly in the business-to-business category, as well as create cross-selling opportunities. Waddington will be reported in the Company’s Branded Consumables segment and will be included in the Company’s results of operations from the date of acquisition. Supplemental pro forma information and the preliminary purchase price allocation have not been provided as estimates of the fair value of the assets acquired and liabilities assumed have not been completed. During the six months ended June 30, 2015, the Company also completed two tuck-in acquisitions that by nature were complementary to the Company’s core businesses and from an accounting standpoint were not significant. 2014 Activity On August 29, 2014, the Company completed the acquisition of Rexair Holdings, Inc. (“Rexair”), a global provider of premium vacuum cleaning systems sold primarily under the Rainbow ®

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventories	3. Inventories Inventories are comprised of the following at June 30, 2015 and December 31, 2014: (in millions) June 30, December 31, Raw materials and supplies $ 296.0 $ 250.0 Work-in-process 81.3 71.0 Finished goods 1,506.7 1,183.7 Total inventories $ 1,884.0 $ 1,504.7

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment	4. Property, Plant and Equipment Property, plant and equipment, net, is comprised of the following at June 30, 2015 and December 31, 2014: (in millions) June 30, December 31, Land $ 56.8 $ 62.5 Buildings 442.1 460.1 Machinery and equipment 1,368.0 1,311.4 Construction-in-progress 79.2 98.8 1,946.1 1,932.8 Less: Accumulated depreciation (1,135.7 ) (1,082.9 ) Total property, plant and equipment, net $ 810.4 $ 849.9 Depreciation of property, plant and equipment was $40.8 and $41.5 for the three months ended June 30, 2015 and 2014, respectively, and $79.8 and $81.2 for the six months ended June 30, 2015 and 2014, respectively.

Goodwill and Intangibles

Goodwill and Intangibles	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangibles	5. Goodwill and Intangibles Goodwill activity for the six months ended June 30, 2015 is as follows: June 30, 2015 (in millions) Net Book Value at December 31, 2014 Additions Foreign Exchange and Other Adjustments Gross Carrying Amount Accumulated Impairment Charges Net Book Value Goodwill Branded Consumables $ 1,385.1 $ — $ (2.6 ) $ 1,605.7 $ (223.2 ) $ 1,382.5 Consumer Solutions 757.7 — (4.9 ) 752.8 — 752.8 Outdoor Solutions 715.7 $ 15.9 (3.4 ) 746.7 (18.5 ) $ 728.2 Process Solutions 21.7 — — 21.7 — 21.7 $ 2,880.2 $ 15.9 $ (10.9 ) $ 3,126.9 $ (241.7 ) $ 2,885.2 Intangibles activity for the six months ended June 30, 2015 is as follows: (in millions) Gross Carrying Amount at December 31, 2014 Additions Accumulated Amortization and Foreign Exchange Net Book Value at June 30, 2015 Amortization Periods (years) Intangibles Patents $ 9.3 $ — $ (5.0 ) $ 4.3 12-30 Manufacturing process and expertise 65.2 — (47.7 ) 17.5 3-7 Brand names 23.3 1.4 (11.9 ) 12.8 4-20 Customer relationships and distributor channels 549.6 11.3 (120.5 ) 440.4 10-35 Trademarks and tradenames 2,131.7 1.1 (28.8 ) 2,104.0 indefinite $ 2,779.1 $ 13.8 $ (213.9 ) $ 2,579.0 Amortization of intangibles was $8.7 and $5.6 for the three months ended June 30, 2015 and 2014, respectively, and $17.2 and $11.5 for the six months ended June 30, 2015 and 2014, respectively.

Warranty Reserve

Warranty Reserve	6 Months Ended
	Jun. 30, 2015
Warranty Reserve	6. Warranty Reserve The warranty reserve activity for the six months ended June 30, 2015 is as follows: (in millions) 2015 Warranty reserve at January 1, $ 96.8 Provision for warranties issued 66.0 Warranty claims paid (68.2 ) Acquisitions and other adjustments (0.7 ) Warranty reserve at June 30, $ 93.9

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Debt	7. Debt Debt is comprised of the following at June 30, 2015 and December 31, 2014: (in millions) June 30, 2015 December 31, Senior Secured Credit Facility Term Loans $ 2,001.5 $ 2,024.6 6 1 8 300.0 300.0 3 3 4 331.6 357.9 7 1 2 653.0 650.6 1 7 8 452.5 445.8 1 1 2 229.9 226.0 1 1 8 492.9 484.1 Securitization Facility 489.3 479.3 Non-U.S. borrowings 66.5 83.2 Other 8.3 7.4 Total debt 5,025.5 5,058.9 Less: current portion (588.5 ) (594.9 ) Total long-term debt $ 4,437.0 $ 4,464.0 (a) Collectively, the “Senior Notes.” (b) The “Senior Subordinated Notes.” (c) Collectively, the “Senior Subordinated Convertible Notes.” Other At June 30, 2015 and December 31, 2014, the carrying value of total debt approximates fair market value. The fair market value (Level 1 measurement) of the Senior Notes and the Senior Subordinated Notes is based upon quoted market prices. The fair market value (Level 2 measurement) for all other debt instruments is estimated using interest rates currently available to the Company for debt with similar terms and maturities. Subsequent Event In July 2015, the Company borrowed $900 under its senior secured credit facility, which is comprised of $300 under the existing senior secured term loan B1 facility that matures in 2020 and bears interest at LIBOR plus a 275 basis point spread; and $600 under a new senior secured term loan B2 facility that matures in 2022 and bears interest at LIBOR plus a 275 basis point spread. The proceeds were used, in part, to fund a portion of the Acquisition.

Derivative and Other Hedging Fi

Derivative and Other Hedging Financial Instruments	6 Months Ended
	Jun. 30, 2015
Derivative and Other Hedging Financial Instruments	8. Derivative and Other Hedging Financial Instruments Interest Rate Contracts The Company manages its fixed and floating rate debt mix using interest rate swaps. The Company uses fixed and floating rate swaps to alter its exposure to the impact of changing interest rates on its consolidated results of operations and future cash outflows for interest. Floating rate swaps are used, depending on market conditions, to convert the fixed rates of long-term debt into short-term variable rates. Fixed rate swaps are used to reduce the Company’s risk of the possibility of increased interest costs. Interest rate swap contracts are therefore used by the Company to separate interest rate risk management from the debt funding decision. Fair Value Hedges At June 30, 2015, the Company had $650 notional amount of interest rate swaps that exchange a fixed rate of interest for variable rate of interest (LIBOR) plus a weighted average spread of approximately 605 basis points. These floating rate swaps are designated as fair value hedges against $650 of principal on the Senior Subordinated Notes for the remaining life of these notes. The effective portion of the fair value gains or losses on these swaps is offset by fair value adjustments in the underlying debt. Cash Flow Hedges At June 30, 2015, the Company had $850 notional amount outstanding in swap agreements, which includes $350 notional amount of forward-starting swaps that become effective commencing December 31, 2015, that exchange a variable rate of interest (LIBOR) for fixed interest rates over the terms of the agreements and are designated as cash flow hedges of the interest rate risk attributable to forecasted variable interest payments and have maturity dates through June 2020. At June 30, 2015, the weighted average fixed rate of interest on these swaps, excluding the forward-starting swaps, was approximately 1.3%. The effective portion of the after-tax fair value gains or losses on these swaps is included as a component of accumulated other comprehensive income (loss) (“AOCI”). Foreign Currency Contracts The Company uses forward foreign currency contracts to mitigate the foreign currency exchange rate exposure on the cash flows related to forecasted inventory purchases and sales and have maturity dates through January 2017. The derivatives used to hedge these forecasted transactions that meet the criteria for hedge accounting are accounted for as cash flow hedges. The effective portion of the gains or losses on these derivatives is deferred as a component of AOCI and is recognized in earnings at the same time that the hedged item affects earnings and is included in the same caption in the statements of operations as the underlying hedged item. At June 30, 2015, the Company had approximately $616 notional amount outstanding of forward foreign currency contracts that are designated as cash flow hedges of forecasted inventory purchases and sales. The Company also uses foreign currency contracts, primarily forward foreign currency contracts, to mitigate the foreign currency exposure of certain other foreign currency transactions. At June 30, 2015, the Company had approximately $408 notional amount outstanding of these foreign currency contracts that are not designated as effective hedges for accounting purposes and have maturity dates through September 2016. Fair market value gains or losses are included in the results of operations and are classified in SG&A. Commodity Contracts The Company enters into commodity-based derivatives in order to mitigate the risk that the rising price of these commodities could have on the cost of certain of the Company’s raw materials. These commodity-based derivatives provide the Company with cost certainty, and in certain instances, allow the Company to benefit should the cost of the commodity fall below certain dollar thresholds. At June 30, 2015, the Company had approximately $50 notional amount outstanding of commodity-based derivatives that are not designated as effective hedges for accounting purposes and have maturity dates through December 2016. Fair market value gains or losses are included in the results of operations and are classified in cost of sales. The following table presents the fair value of derivative financial instruments as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Fair Value of Derivatives Fair Value of Derivatives (in millions) Asset (a) Liability (a) Asset (a) Liability (a) Derivatives designated as effective hedges: Cash flow hedges: Interest rate swaps $ — $ 8.1 $ 0.6 $ 7.2 Foreign currency contracts 22.0 9.3 25.9 3.8 Fair value hedges: Interest rate swaps 0.8 — — 2.2 Subtotal 22.8 17.4 26.5 13.2 Derivatives not designated as effective hedges: Foreign currency contracts 7.0 3.1 2.8 1.3 Commodity contracts 1.1 5.3 — 9.0 Subtotal 8.1 8.4 2.8 10.3 Total $ 30.9 $ 25.8 $ 29.3 $ 23.5 (a) Consolidated balance sheet location: Asset: Other current and non-current assets Liability: Other current and non-current liabilities The following table presents gain and loss activity (on a pretax basis) for the three and six months ended June 30, 2015 and 2014 related to derivative financial instruments designated as effective hedges: Three months ended June 30, 2015 Three months ended June 30, 2014 Gain/(Loss) Gain/(Loss) (in millions) Recognized in OCI (a) (effective portion) Reclassified from AOCI to Income Recognized in Income (b) Recognized in OCI (a) (effective portion) Reclassified from AOCI to Income Recognized in Income (b) Derivatives designated as effective hedges: Cash flow hedges: Interest rate swaps $ 1.4 $ — $ — $ (2.8 ) $ — $ — Foreign currency contracts (3.6 ) 11.2 (2.6 ) (2.9 ) 2.2 (2.3 ) Total $ (2.2 ) $ 11.2 $ (2.6 ) $ (5.7 ) $ 2.2 $ (2.3 ) Location of gain/(loss) in the consolidated results of operations: Sales $ 0.5 $ — $ 0.2 $ — Cost of Sales 10.7 — 2.0 — SG&A — (2.6 ) — (2.3 ) Total $ 11.2 $ (2.6 ) $ 2.2 $ (2.3 ) Six months ended June 30, 2015 Six months ended June 30, 2014 Gain/(Loss) Gain/(Loss) (in millions) Recognized in OCI (a) (effective portion) Reclassified from AOCI to Income Recognized in Income (b) Recognized in OCI (a) (effective portion) Reclassified from AOCI to Income Recognized in Income (b) Derivatives designated as effective hedges: Cash flow hedges: Interest rate swaps $ (1.5 ) $ — $ — $ (3.5 ) $ — $ — Foreign currency contracts 9.4 18.6 (3.5 ) (2.3 ) 4.2 (3.9 ) Total $ 7.9 $ 18.6 $ (3.5 ) $ (5.8 ) $ 4.2 $ (3.9 ) Location of gain/(loss) in the consolidated results of operations: Sales $ 0.8 $ — $ 1.0 $ — Cost of Sales 17.8 — 3.2 — SG&A — (3.5 ) — (3.9 ) Total $ 18.6 $ (3.5 ) $ 4.2 $ (3.9 ) (a) Represents effective portion recognized in Other Comprehensive Income (Loss) (“OCI”). (b) Represents portion excluded from effectiveness testing. At June 30, 2015, deferred net gains of approximately $17 within AOCI are expected to be reclassified to earnings over the next twelve months. The following table presents gain and loss activity (on a pretax basis) for the three and six months ended June 30, 2015 and 2014 related to derivative financial instruments not designated as effective hedges: Gain/(Loss) Recognized in Income (a) Three months ended June 30, Six months ended June 30, (in millions) 2015 2014 2015 2014 Derivatives not designated as effective hedges: Cash flow hedges: Foreign currency contracts $ (9.0 ) $ (1.4 ) $ 5.2 $ (6.4 ) Commodity contracts 2.5 0.5 0.7 0.9 Total $ (6.5 ) $ (0.9 ) $ 5.9 $ (5.5 ) (a) Classified in SG&A. Net Investment Hedge The Company has designated €300 of the principal balance of its Euro-denominated 3 3 4

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements	9. Fair Value Measurements The following table summarizes assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Fair Value Asset (Liability) Fair Value Asset (Liability) (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivatives: Assets $ — $ 30.9 $ — $ 30.9 $ — $ 29.3 $ — $ 29.3 Liabilities — (25.8 ) — (25.8 ) — (23.5 ) — (23.5 ) Available-for-sale securities — — — — — 1.5 — 1.5 Contingent consideration — — (30.9 ) (30.9 ) — — (32.6 ) (32.6 ) Derivative assets and liabilities relate to interest rate swaps, foreign currency contracts and commodity contracts. Fair values are determined by the Company using market prices obtained from independent brokers or determined using valuation models that use as their basis readily observable market data that is actively quoted and can be validated through external sources, including independent pricing services, brokers and market transactions. Available-for-sale securities include inflation protected bonds and are valued based on quoted market prices. The fair value measurement of the contingent consideration obligations arising from acquisitions is based upon Level 3 inputs including, in part, the estimate of future cash flows based upon the likelihood of achieving the various earn-out criteria. Changes in the fair value of the contingent consideration obligations are recorded in SG&A. Changes in the fair value of the contingent consideration obligations for the six months ended June 30, 2015 were as follows: (in millions) 2015 Contingent consideration at January 1, $ 32.6 Acquisitions 4.5 Payments (0.6 ) Adjustments and foreign exchange (5.6 ) Contingent consideration at June 30, $ 30.9

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2015
Contingencies	10. Contingencies The Company is involved in various legal disputes and other legal proceedings that arise from time to time in the ordinary course of business. In addition, the Company and/or certain of its subsidiaries have been identified by the United States Environmental Protection Agency (“EPA”) or a state environmental agency as a Potentially Responsible Party (“PRP”) pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites. Based on currently available information, the Company does not believe that the disposition of any of the legal or environmental disputes the Company or its subsidiaries are currently involved in will have a material adverse effect upon the consolidated financial condition, results of operations or cash flows of the Company. It is possible that, as additional information becomes available, the impact on the Company of an adverse determination could have a different effect. Environmental The Company’s operations are subject to certain federal, state, local and foreign environmental laws and regulations in addition to laws and regulations regarding labeling and packaging of products and the sales of products containing certain environmentally sensitive materials. In addition to ongoing environmental compliance at its operations, the Company also is actively engaged in environmental remediation activities, the majority of which relates to divested operations and sites. Various of the Company’s subsidiaries have been identified by the EPA or a state environmental agency as a PRP pursuant to the federal Superfund Act and/or state Superfund laws comparable to the federal law at various sites (collectively, the “Environmental Sites”). The Company has established reserves to cover the anticipated probable costs of investigation and remediation based upon periodic reviews of all sites for which they have, or may have, remediation responsibility. The Company accrues environmental investigation and remediation costs when it is probable that a liability has been incurred, the amount of the liability can be reasonably estimated and their responsibility for the liability is established. Generally, the timing of these accruals coincides with the earlier of a formal commitment to an investigation plan, completion of a feasibility study or a commitment to a formal plan of action. The Company accrues its best estimate of investigation and remediation costs based upon facts known at such dates, and because of the inherent difficulties in estimating the ultimate amount of environmental costs, which are further described below, these estimates may materially change in the future as a result of the uncertainties described below. Estimated costs, which are based upon experience with similar sites and technical evaluations, are judgmental in nature and are recorded at discounted amounts without considering the impact of inflation and are adjusted periodically to reflect changes in applicable laws or regulations, changes in available technologies and receipt by the Company of new information. It is difficult to estimate the ultimate level of future environmental expenditures due to a number of uncertainties surrounding environmental liabilities. These uncertainties include the applicability of laws and regulations, changes in environmental remediation requirements, the enactment of additional regulations, uncertainties surrounding remediation procedures including the development of new technology, the identification of new sites for which various of the Company’s subsidiaries could be a PRP, information relating to the exact nature and extent of the contamination at each Environmental Site and the extent of required cleanup efforts, the uncertainties with respect to the ultimate outcome of issues which may be actively contested and the varying costs of alternative remediation strategies. Due to the uncertainties described above, the Company’s ultimate future liability with respect to sites at which remediation has not been completed may vary from the amounts reserved as of June 30, 2015. The Company believes that the costs of completing environmental remediation of all sites for which the Company has a remediation responsibility have been adequately reserved and that the ultimate resolution of these matters will not have a material adverse effect on its consolidated financial position, results of operations or cash flows. Litigation The Company and/or its subsidiaries are involved in various lawsuits arising from time to time that the Company considers ordinary routine litigation incidental to its business. Amounts accrued for litigation matters represent the anticipated costs (damages and/or settlement amounts) in connection with pending litigation and claims and related anticipated legal fees for defending such actions. The costs are accrued when it is both probable that a liability has been incurred and the amount can be reasonably estimated. The accruals are based upon the Company’s assessment, after consultation with counsel (if deemed appropriate), of probable loss based on the facts and circumstances of each case, the legal issues involved, the nature of the claim made, the nature of the damages sought and any relevant information about the plaintiffs and other significant factors that vary by case. When it is not possible to estimate a specific expected cost to be incurred, the Company evaluates the range of probable loss and records the minimum end of the range. The Company believes that anticipated probable costs of litigation matters have been adequately reserved to the extent determinable. Based on current information, the Company believes that the ultimate conclusion of the various pending litigation of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company. Product Liability As a consumer goods manufacturer and distributor, the Company and/or its subsidiaries face the risk of product liability and related lawsuits involving claims for substantial money damages, product recall actions and higher than anticipated rates of warranty returns or other returns of goods. The Company and/or its subsidiaries are therefore party to various personal injury and property damage lawsuits relating to their products and incidental to their business. Annually, the Company sets its product liability insurance program, which is an occurrence-based program based on the Company and its subsidiaries’ current and historical claims experience and the availability and cost of insurance. The Company’s product liability insurance program generally includes a self-insurance retention per occurrence. Cumulative amounts estimated to be payable by the Company with respect to pending and potential claims for all years in which the Company is liable under its self-insurance retention have been accrued as liabilities. Such accrued liabilities are based on estimates (which include actuarial determinations made by an independent actuarial consultant as to liability exposure, taking into account prior experience, number of claims and other relevant factors); thus, the Company’s ultimate liability may exceed or be less than the amounts accrued. The methods of making such estimates and establishing the resulting liability are reviewed on a regular basis and any adjustments resulting therefrom are reflected in current operating results. Based on current information, the Company believes that the ultimate conclusion of the various pending product liability claims and lawsuits of the Company, in the aggregate, will not have a material adverse effect on the consolidated financial position, results of operations or cash flows of the Company.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share	11. Earnings Per Share The computations of the weighted average shares outstanding for the three and six months ended June 30, 2015 and 2014 are as follows: Three months ended June 30, Six months ended June 30, (in millions) 2015 2014 2015 2014 Weighted average shares outstanding: Basic 186.2 184.7 185.8 186.2 Dilutive share-based awards 0.2 0.3 0.4 0.9 Convertible debt 9.0 2.7 8.4 3.3 Diluted 195.4 187.7 194.6 190.4 Because it is the Company’s intention to redeem the principal amount of the Senior Subordinated Convertible Notes in cash, the treasury stock method is used for determining potential dilution in the diluted earnings per share computation. As of June 30, 2015, there were 6.0 million restricted share awards with performance-based vesting targets that were not met and as such, have been excluded from the computation of diluted earnings per share.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity	12. Stockholders’ Equity Subsequent Event On July 22, 2015, pursuant to a public offering of its common stock, the Company completed an equity offering of 18.4 million newly-issued shares of common stock at $54.50 per share. The net proceeds to the Company, after the payment of underwriting discounts and other expenses of the offering, were approximately $969. The net proceeds were used to fund a portion of the Acquisition.

Employee Benefit Plans

Employee Benefit Plans	6 Months Ended
	Jun. 30, 2015
Employee Benefit Plans	13. Employee Benefit Plans The components of pension and postretirement benefit expense for the three and six months ended June 30, 2015 and 2014 are as follows: Pension Benefits Three months ended June 30, 2015 2014 (in millions) Domestic Foreign Total Domestic Foreign Total Service cost $ — $ 0.6 $ 0.6 $ — $ 0.6 $ 0.6 Interest cost 2.9 0.4 3.3 3.6 0.6 4.2 Expected return on plan assets (4.1 ) (0.3 ) (4.4 ) (4.3 ) (0.4 ) (4.7 ) Amortization, net 1.4 0.3 1.7 1.2 0.1 1.3 Net periodic expense $ 0.2 $ 1.0 $ 1.2 $ 0.5 $ 0.9 $ 1.4 Six months ended June 30, 2015 2014 (in millions) Domestic Foreign Total Domestic Foreign Total Service cost $ — $ 1.1 $ 1.1 $ — $ 1.1 $ 1.1 Interest cost 5.8 0.8 6.6 7.3 1.2 8.5 Expected return on plan assets (8.2 ) (0.6 ) (8.8 ) (8.7 ) (0.7 ) (9.4 ) Amortization, net 2.9 0.6 3.5 2.4 0.2 2.6 Net periodic expense $ 0.5 $ 1.9 $ 2.4 $ 1.0 $ 1.8 $ 2.8 Postretirement Benefits Three months ended June 30, Six months ended (in millions) 2015 2014 2015 2014 Interest cost $ — $ 0.1 $ 0.1 $ 0.2 Amortization, net — (0.2 ) (0.1 ) (0.3 ) Net periodic expense $ — $ (0.1 ) $ — $ (0.1 )

Restructuring Costs

Restructuring Costs	6 Months Ended
	Jun. 30, 2015
Restructuring Costs	14. Restructuring Costs Details and the activity related to accrued restructuring costs as of and for the six months ended June 30, 2015 are as follows: (in millions) Accrual Balance at December 31, 2014 Restructuring Costs, net Payments Foreign Currency and Other Accrual Balance at June 30, 2015 Severance and other employee-related $ 5.4 $ 0.7 $ (3.4 ) $ (0.4 ) $ 2.3 Other costs 5.4 3.8 (3.1 ) (0.1 ) 6.0 Total $ 10.8 $ 4.5 $ (6.5 ) $ (0.5 ) $ 8.3

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Information	15. Segment Information The Company reports four business segments: Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. The majority of the Company’s sales are within the United States. The Company’s international operations are mainly based in Asia, Canada, Europe and Latin America. The Company and its chief operating decision maker use “segment earnings” to measure segment operating performance. The Branded Consumables segment manufactures or sources, markets and distributes a broad line of branded consumer products, many of which are affordable, consumable and fundamental household staples, including arts and crafts paint brushes, air fresheners, brooms, brushes, buckets, children’s card games, clothespins, collectible tins, condoms, cord, rope and twine, dusters, dust pans, feeding bottles, fencing, fire extinguishing products, firelogs and firestarters, foam coolers, fresh preserving jars and accessories, home decor accessories, home fragrance products, kitchen matches, mops, other craft items, pacifiers, plastic cutlery, playing cards and accessories, rubber gloves and related cleaning products, safes, premium scented candles and accessories, security cameras, security doors, smoke and carbon monoxide alarms, soothers, sponges, storage organizers and workshop accessories, teats, toothpicks, travel sprays, window guards and other accessories. This segment markets our products under the Aviator ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® The Consumer Solutions segment manufactures or sources, markets, and distributes a diverse line of household products, including kitchen appliances and home environment products. This segment maintains a strong portfolio of globally-recognized brands including Bionaire ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® The Outdoor Solutions segment manufactures or sources, markets and distributes global consumer active lifestyle products for outdoor and outdoor-related activities. For general outdoor activities, Coleman ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® ® The Process Solutions segment manufactures, markets and distributes a wide variety of plastic products including closures, contact lens packaging, medical disposables, plastic cutlery and rigid packaging. Many of these products are consumable in nature or represent components of consumer products. This segment’s materials business produces specialty nylon polymers, conductive fibers and monofilament used in various products, including woven mats used by paper producers and weed trimmer cutting line, as well as fiberglass radio antennas for marine, citizen band and military applications. This segment is also a leading North American producer of niche products fabricated from solid zinc strip and is the sole source supplier of copper-plated zinc penny blanks to the United States Mint and a major supplier to the Royal Canadian Mint, as well as a supplier of brass, bronze and nickel-plated finishes on steel and zinc for coinage to other international markets. In addition, the Company manufactures a line of industrial zinc products marketed globally for use in the architectural, automotive, construction, electrical component and plumbing markets. Segment information as of and for the three and six months ended June 30, 2015 and 2014 is as follows: Three months ended June 30, 2015 (in millions) Branded Consumables Consumer Solutions Outdoor Solutions Process Solutions Intercompany Eliminations Total Operating Segments Corporate/ Unallocated Consolidated Net sales $ 677.3 $ 473.6 $ 753.3 $ 124.6 $ (23.1 ) $ 2,005.7 $ — $ 2,005.7 Segment earnings (loss) 115.9 64.2 84.9 19.5 — 284.5 (25.8 ) 258.7 Adjustments to reconcile to reported operating earnings (loss): Restructuring costs, net (1.9 ) — — — — (1.9 ) — (1.9 ) Acquisition-related and other costs (5.5 ) (4.5 ) (6.5 ) — — (16.5 ) (1.2 ) (17.7 ) Depreciation and amortization (21.3 ) (9.3 ) (14.2 ) (3.0 ) — (47.8 ) (1.7 ) (49.5 ) Operating earnings (loss) $ 87.2 $ 50.4 $ 64.2 $ 16.5 $ — $ 218.3 $ (28.7 ) $ 189.6 Other segment data: Total assets $ 4,331.1 $ 2,466.1 $ 3,009.9 $ 213.2 $ — $ 10,020.3 $ 661.4 $ 10,681.7 Three months ended June 30, 2014 (in millions) Branded Consumables Consumer Solutions Outdoor Solutions Process Solutions Intercompany Eliminations Total Operating Segments Corporate/ Unallocated Consolidated Net sales $ 684.4 $ 445.6 $ 754.9 $ 111.8 $ (21.6 ) $ 1,975.1 $ — $ 1,975.1 Segment earnings (loss) 105.5 55.3 100.2 18.3 — 279.3 (20.8 ) 258.5 Adjustments to reconcile to reported operating earnings (loss): Fair market value adjustment to inventory — (1.3 ) — — — (1.3 ) — (1.3 ) Restructuring costs, net — (0.7 ) (1.6 ) — — (2.3 ) — (2.3 ) Acquisition-related and other costs (1.4 ) (1.0 ) (5.2 ) — — (7.6 ) (0.5 ) (8.1 ) Venezuela-related charges — — — — — — (9.6 ) (9.6 ) Depreciation and amortization (21.9 ) (6.7 ) (14.3 ) (2.8 ) — (45.7 ) (1.4 ) (47.1 ) Operating earnings (loss) $ 82.2 $ 45.6 $ 79.1 $ 15.5 $ — $ 222.4 $ (32.3 ) $ 190.1 Six months ended June 30, 2015 (in millions) Branded Consumables Consumer Solutions Outdoor Solutions Process Solutions Intercompany Eliminations Total Operating Segments Corporate/ Unallocated Consolidated Net sales $ 1,322.6 $ 852.8 $ 1,378.2 $ 228.7 $ (45.1 ) $ 3,737.2 $ — $ 3,737.2 Segment earnings (loss) 190.5 94.3 125.3 30.8 — 440.9 (83.2 ) 357.7 Adjustments to reconcile to reported operating earnings (loss): Restructuring costs, net (2.5 ) — — — — (2.5 ) (2.0 ) (4.5 ) Acquisition-related and other costs (9.9 ) (9.2 ) (14.7 ) — — (33.8 ) (3.0 ) (36.8 ) Venezuela-related charges — — — — — — (60.6 ) (60.6 ) Depreciation and amortization (41.8 ) (19.0 ) (27.3 ) (5.8 ) — (93.9 ) (3.1 ) (97.0 ) Operating earnings (loss) $ 136.3 $ 66.1 $ 83.3 $ 25.0 $ — $ 310.7 $ (151.9 ) $ 158.8 Six months ended June 30, 2014 (in millions) Branded Consumables Consumer Solutions Outdoor Solutions Process Solutions Intercompany Eliminations Total Operating Segments Corporate/ Unallocated Consolidated Net sales $ 1,306.2 $ 789.6 $ 1,439.0 $ 214.1 $ (42.0 ) $ 3,706.9 $ — $ 3,706.9 Segment earnings (loss) 180.5 91.8 155.5 30.6 — 458.4 (73.6 ) 384.8 Adjustments to reconcile to reported operating earnings (loss): Fair market value adjustment to inventory — (1.3 ) — — — (1.3 ) — (1.3 ) Restructuring costs, net — (1.0 ) (1.6 ) — — (2.6 ) — (2.6 ) Acquisition-related and other costs (6.4 ) (4.0 ) (10.4 ) — — (20.8 ) (0.5 ) (21.3 ) Venezuela-related charges — — — — — — (13.6 ) (13.6 ) Depreciation and amortization (41.9 ) (14.4 ) (28.1 ) (5.6 ) — (90.0 ) (2.7 ) (92.7 ) Operating earnings (loss) $ 132.2 $ 71.1 $ 115.4 $ 25.0 $ — $ 343.7 $ (90.4 ) $ 253.3

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss)	16. Accumulated Other Comprehensive Income (Loss) AOCI activity for the six months ended June 30, 2015 is as follows: (in millions) Cumulative Derivative Accrued Benefit AOCI AOCI balance at December 31, 2014 $ (139.5 ) $ 13.4 $ (54.6 ) $ (180.7 ) AOCI activity, net of tax: OCI excluding reclassifications (76.1 ) 5.8 0.6 (69.7 ) Reclassifications to earnings — (13.6 ) 2.2 (11.4 ) Subtotal OCI, net of tax (76.1 ) (7.8 ) 2.8 (81.1 ) AOCI balance at June 30, 2015 $ (215.6 ) $ 5.6 $ (51.8 ) $ (261.8 ) For the three and six months ended June 30, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s pension and postretirement benefit plans were an expense of $1.7 and $1.1, respectively, and $3.4 and $2.3, respectively, and primarily represent the amortization of net actuarial losses (see Note 13). For the three and six months ended June 30, 2015 and 2014, reclassifications from AOCI to the results of operations for the Company’s derivative financial instruments for effective cash flow hedges were income of $11.2 and $2.2, respectively, and $18.6 and $4.2, respectively (see Note 8). The income tax (provision) benefit allocated to the components of OCI for the three and six months ended June 30, 2015 and 2014 is as follows: Three months ended June 30, Six months ended June 30, (in millions) 2015 2014 2015 2014 Cumulative translation adjustment $ 3.3 $ — $ (8.7 ) $ — Derivative financial instruments 3.7 2.3 2.9 3.1 Accrued benefit cost (0.4 ) (0.4 ) (1.5 ) (0.8 ) Unrealized gain on investment — (1.5 ) — (1.5 ) Income tax (provision) benefit related to OCI $ 6.6 $ 0.4 $ (7.3 ) $ 0.8

Condensed Consolidating Financi

Condensed Consolidating Financial Data	6 Months Ended
	Jun. 30, 2015
Condensed Consolidating Financial Data	17. Condensed Consolidating Financial Data The Company provides condensed consolidating financial data for its subsidiaries that are guarantors of its registered public debt. The Company’s 6 1 8 Condensed Consolidating Results of Operations Three months ended June 30, 2015 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,446.1 $ 766.1 $ (206.5 ) $ 2,005.7 Cost of sales — 1,039.1 565.6 (206.5 ) 1,398.2 Gross profit — 407.0 200.5 — 607.5 Selling, general and administrative expenses 23.9 264.1 128.0 — 416.0 Restructuring costs, net — 1.5 0.4 — 1.9 Operating earnings (23.9 ) 141.4 72.1 — 189.6 Interest expense, net 33.6 16.3 2.0 — 51.9 Income (loss) before taxes and equity earnings of subsidiaries (57.5 ) 125.1 70.1 — 137.7 Income tax provision (benefit) (21.8 ) 47.4 26.2 — 51.8 Equity earnings of subsidiaries 121.6 40.3 — (161.9 ) — Net income (loss) 85.9 118.0 43.9 (161.9 ) 85.9 Other comprehensive income (loss), net of tax 10.5 10.9 17.5 (28.4 ) 10.5 Comprehensive income (loss) $ 96.4 $ 128.9 $ 61.4 $ (190.3 ) $ 96.4 Three months ended June 30, 2014 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,367.1 $ 814.5 $ (206.5 ) $ 1,975.1 Cost of sales — 991.0 588.6 (206.5 ) 1,373.1 Gross profit — 376.1 225.9 — 602.0 Selling, general and administrative expenses 11.0 256.7 141.9 — 409.6 Restructuring costs, net — — 2.3 — 2.3 Operating earnings (11.0 ) 119.4 81.7 — 190.1 Interest expense, net 34.4 16.3 2.2 — 52.9 Loss on early extinguishment of debt 54.4 — — — 54.4 Income (loss) before taxes and equity earnings of subsidiaries (99.8 ) 103.1 79.5 — 82.8 Income tax provision (benefit) (37.0 ) 38.9 28.8 — 30.7 Equity earnings of subsidiaries 114.9 43.0 — (157.9 ) — Net income (loss) 52.1 107.2 50.7 (157.9 ) 52.1 Other comprehensive income (loss), net of tax 11.5 12.7 13.2 (25.9 ) 11.5 Comprehensive income (loss) $ 63.6 $ 119.9 $ 63.9 $ (183.8 ) $ 63.6 Six months ended June 30, 2015 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 2,684.1 $ 1,436.8 $ (383.7 ) $ 3,737.2 Cost of sales — 1,943.9 1,069.0 (383.7 ) 2,629.2 Gross profit — 740.2 367.8 — 1,108.0 Selling, general and administrative expenses 85.7 562.8 296.2 — 944.7 Restructuring costs, net 2.0 1.5 1.0 — 4.5 Operating earnings (87.7 ) 175.9 70.6 — 158.8 Interest expense, net 67.8 32.5 4.5 — 104.8 Income (loss) before taxes and equity earnings of subsidiaries (155.5 ) 143.4 66.1 — 54.0 Income tax provision (benefit) (58.9 ) 54.3 28.2 — 23.6 Equity earnings of subsidiaries 127.0 32.6 — (159.6 ) — Net income (loss) 30.4 121.7 37.9 (159.6 ) 30.4 Other comprehensive income (loss), net of tax (81.1 ) (38.4 ) (62.5 ) 100.9 (81.1 ) Comprehensive i ncome ( l oss) $ (50.7 ) $ 83.3 $ (24.6 ) $ (58.7 ) $ (50.7 ) Six months ended June 30, 2014 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 2,550.2 $ 1,554.6 $ (397.9 ) $ 3,706.9 Cost of sales — 1,857.4 1,131.0 (397.9 ) 2,590.5 Gross profit — 692.8 423.6 — 1,116.4 Selling, general and administrative expenses 64.8 505.6 290.1 — 860.5 Reorganization costs, net — — 2.6 — 2.6 Operating earnings (64.8 ) 187.2 130.9 — 253.3 Interest expense, net 70.6 32.5 3.8 — 106.9 Loss on early extinguishment of debt 54.4 — — — 54.4 Income (loss) before taxes and equity earnings of subsidiaries (189.8 ) 154.7 127.1 — 92.0 Income tax provision (benefit) (71.3 ) 58.5 49.0 — 36.2 Equity earnings of subsidiaries 174.3 61.8 — (236.1 ) — Net income (loss) 55.8 158.0 78.1 (236.1 ) 55.8 Other comprehensive income (loss), net of tax 3.2 6.7 6.1 (12.8 ) 3.2 Comprehensive income (loss) $ 59.0 $ 164.7 $ 84.2 $ (248.9 ) $ 59.0 Condensed Consolidating Balance Sheets As of June, 2015 (in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 377.0 $ 5.2 $ 347.7 $ — $ 729.9 Accounts receivable — 4.4 1,252.1 — 1,256.5 Inventories — 1,180.8 703.2 — 1,884.0 Other current assets 33.3 238.7 114.7 — 386.7 Total current assets 410.3 1,429.1 2,417.7 — 4,257.1 Property, plant and equipment, net 53.2 466.1 291.1 — 810.4 Goodwill — 2,572.2 313.0 — 2,885.2 Intangibles, net — 2,345.4 233.6 — 2,579.0 Intercompany receivables 2,875.0 2,385.0 2,110.0 (7,370.0 ) — Investment in subsidiaries 7,171.8 1,916.2 — (9,088.0 ) — Other non-current assets 50.4 26.3 73.3 — 150.0 Total assets $ 10,560.7 $ 11,140.3 $ 5,438.7 $ (16,458.0 ) $ 10,681.7 Liabilities and s tockholders’ equity Short-term debt and current portion of long-term debt $ 47.0 $ 1.5 $ 540.0 $ — $ 588.5 Accounts payable 3.0 524.0 273.1 — 800.1 Other current liabilities 61.4 304.0 231.9 — 597.3 Total current liabilities 111.4 829.5 1,045.0 — 1,985.9 Long-term debt 4,416.4 3.5 17.1 — 4,437.0 Intercompany payables 3,148.1 1,877.0 2,344.9 (7,370.0 ) — Deferred taxes on income 120.4 1,028.1 80.2 — 1,228.7 Other non-current liabilities 174.0 149.2 116.5 — 439.7 Total stockholders’ equity 2,590.4 7,253.0 1,835.0 (9,088.0 ) 2,590.4 Total liabilities and stockholders’ equity $ 10,560.7 $ 11,140.3 $ 5,438.7 $ (16,458.0 ) $ 10,681.7 As of December 31, 2014 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 728.8 $ 9.3 $ 426.7 $ — $ 1,164.8 Accounts receivable — 1.2 1,276.7 — 1,277.9 Inventories — 919.4 585.3 — 1,504.7 Other current assets 38.3 161.7 170.6 — 370.6 Total current assets 767.1 1,091.6 2,459.3 — 4,318.0 Property, plant and equipment, net 47.0 456.5 346.4 — 849.9 Goodwill — 2,572.0 308.2 — 2,880.2 Intangibles, net — 2,350.7 247.8 — 2,598.5 Intercompany receivables 4,641.2 4,758.6 4,547.7 (13,947.5 ) — Investment in subsidiaries 7,111.3 2,029.1 — (9,140.4 ) — Other non-current assets 56.4 26.9 69.4 — 152.7 Total assets $ 12,623.0 $ 13,285.4 $ 7,978.8 $ (23,087.9 ) $ 10,799.3 Liabilities and stockholders’ equity Short-term debt and current portion of long-term debt $ 47.0 $ 1.6 $ 546.3 $ — $ 594.9 Accounts payable 8.7 529.8 271.4 — 809.9 Other current liabilities 63.6 337.4 271.4 — 672.4 Total current liabilities 119.3 868.8 1,089.1 — 2,077.2 Long-term debt 4,442.0 4.2 17.8 — 4,464.0 Intercompany payables 5,197.4 4,044.0 4,706.1 (13,947.5 ) — Deferred taxes on income 100.4 1,039.3 82.4 — 1,222.1 Other non-current liabilities 154.6 160.5 111.6 — 426.7 Total stockholders’ equity 2,609.3 7,168.6 1,971.8 (9,140.4 ) 2,609.3 Total liabilities and stockholders’ equity $ 12,623.0 $ 13,285.4 $ 7,978.8 $ (23,087.9 ) $ 10,799.3 Condensed Consolidating Statements of Cash Flows Six months ended June 30, 2015 (in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities, net $ (110.6 ) $ (97.1 ) $ (64.3 ) $ — $ (272.0 ) Financing activities: Net change in short-term debt — (0.3 ) (6.1 ) — (6.4 ) (Payments on) proceeds from intercompany transactions (200.3 ) 173.8 31.1 (4.6 ) — Proceeds from issuance of long-term debt 2.0 — 2.0 — 4.0 Payments on long-term debt (23.5 ) (0.5 ) (0.3 ) — (24.3 ) Issuance (repurchase) of common stock, net (33.5 ) — — — (33.5 ) Excess tax benefits from stock-based compensation 21.5 — — — 21.5 Other 1.8 (0.4 ) (1.8 ) — (0.4 ) Net cash provided by (used in) financing activities (232.0 ) 172.6 24.9 (4.6 ) (39.1 ) Investing activities: Additions to property, plant and equipment (9.2 ) (66.3 ) (22.2 ) — (97.7 ) Acquisition of businesses, net of cash acquired — (7.1 ) (26.1 ) — (33.2 ) Intercompany investing activities, net — (4.6 ) — 4.6 — Other — (1.6 ) 40.7 — 39.1 Net cash used in investing activities (9.2 ) (79.6 ) (7.6 ) 4.6 (91.8 ) Effect of exchange rate changes on cash — — (32.0 ) — (32.0 ) Net decrease in cash and cash equivalents (351.8 ) (4.1 ) (79.0 ) — (434.9 ) Cash and cash equivalents at beginning of year 728.8 9.3 426.7 — 1,164.8 Cash and cash equivalents at end of year $ 377.0 $ 5.2 $ 347.7 $ — $ 729.9 Six months ended June 30, 2014 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities, net $ (196.0 ) $ 71.8 $ (45.1 ) $ (5.1 ) $ (174.4 ) Financing activities: Net change in short-term debt — — 34.0 — 34.0 (Payments on) proceeds from intercompany transactions (41.8 ) (13.4 ) 50.1 5.1 — Proceeds from issuance of long-term debt 690.0 0.2 1.4 — 691.6 Payments on long-term debt (549.9 ) (0.7 ) (0.4 ) — (551.0 ) Issuance (repurchase) of common stock, net (269.8 ) — — — (269.8 ) Excess tax benefits from stock-based compensation 34.9 — — — 34.9 Other (16.6 ) (7.6 ) (0.6 ) — (24.8 ) Net cash provided by (used in) financing activities (153.2 ) (21.5 ) 84.5 5.1 (85.1 ) Investing activities: Additions to property, plant and equipment (2.5 ) (54.5 ) (42.3 ) — (99.3 ) Acquisition of businesses, net of cash acquired — — (108.4 ) — (108.4 ) Other — (1.2 ) 6.0 — 4.8 Net cash used in investing activities (2.5 ) (55.7 ) (144.7 ) — (202.9 ) Effect of exchange rate changes on cash — — (0.8 ) — (0.8 ) Net decrease in cash and cash equivalents (351.7 ) (5.4 ) (106.1 ) — (463.2 ) Cash and cash equivalents at beginning of year 630.8 13.5 484.2 — 1,128.5 Cash and cash equivalents at end of year $ 279.1 $ 8.1 $ 378.1 $ — $ 665.3 The amounts reflected as proceeds (payments) from (to) intercompany transactions represent cash flows originating from transactions conducted between Guarantor Subsidiaries, Non-Guarantor Subsidiaries and Parent in the normal course of business operations.

Basis of Presentation and Sig24

Basis of Presentation and Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated interim financial statements of Jarden Corporation and its subsidiaries (hereinafter referred to as the “Company” or “Jarden”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements reflect all adjustments that are, in the opinion of management, normal, recurring and necessary for a fair presentation of the results for the interim period. The Condensed Consolidated Balance Sheet at December 31, 2014 has been derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto included in the Company’s latest Annual Report on Form 10-K
Stock Split	Stock Split On November 24, 2014, the Company consummated a 3-for-2 stock split in the form of a stock dividend of one additional share of common stock for every two shares of common stock. The Company retained the current par value of $0.01 per share for all shares of common stock. All references to the number of shares outstanding, issued shares, per share amounts and restricted stock and stock option data of the Company’s shares of common stock have been restated to reflect the effect of the stock split for all periods presented in the Company’s accompanying consolidated financial statements and footnotes thereto.
Supplemental Information	Supplemental Information Stock-based compensation costs, which are included in selling, general and administrative expenses (“SG&A”), were $2.3 and $6.1 for the three months ended June 30, 2015 and 2014, respectively, and $41.2 and $41.0 for the six months ended June 30, 2015 and 2014, respectively. Interest expense is net of interest income of $0.5 and $1.4 for the three months ended June 30, 2015 and 2014, respectively, and $1.2 and $2.8, for the six months ended June 30, 2015 and 2014, respectively.
Venezuela Operations	Venezuela Operations Prior to March 31, 2015, the Company included the results of its Venezuelan operations in the consolidated financial statements using the consolidation method of accounting. Venezuelan exchange control regulations have become increasingly restrictive and have resulted in an other-than-temporary lack of exchangeability between the Venezuelan bolivar and U.S. dollar, and have restricted our Venezuelan operations’ ability to pay obligations denominated in U.S. dollars, as well as pay dividends. These exchange regulations, combined with certain Venezuelan regulations, limit the Company’s ability to rationalize its manufacturing platform to a level that would allow the Company to maintain a sustainable production level that is commensurate with the declining demand resulting from the deteriorating macroeconomic conditions in Venezuela. Furthermore, the Venezuelan government imposes price restrictions that prohibit the Company from pricing its products at acceptable levels. As such, effective March 31, 2015, the Company began reporting the results of its Venezuelan operations using the cost method of accounting. As a result, during the three months ended March 31, 2015, the Company recorded charges of $60.6 related to the deconsolidation of the Company’s subsidiaries operating in Venezuela (the “Venezuela-related charges”) that include in part, charges for the remeasurement of net monetary assets and the impairment of long-lived assets (discussed hereafter). The Venezuela-related charges are recorded in SG&A. On February 10, 2015, the Venezuelan government established a new foreign exchange system, the Marginal Currency System (“SIMADI”). Furthermore, in February 2015 shortly after establishment of SIMADI, the SICAD-II program was eliminated. As such, the Company determined it would be most appropriate to remeasure the net monetary assets of the Company’s subsidiaries operating in Venezuela at the SIMADI exchange rate, as this was the Company’s expected settlement rate. The SIMADI exchange rate was approximately 193 Bolivars per U.S. dollar at March 31, 2015. As such, due to the change to the SIMADI exchange rate, during the three months ended March 31, 2015, the Company recorded a foreign exchange-related charge of $13.0 related to the write-down of net monetary assets due to this remeasurement. This charge is included in the aforementioned Venezuela-related charges. Furthermore, as a result of the continued foreign exchange restrictions, combined with the unfavorable macroeconomic conditions in Venezuela, the Company recorded a $37.3 impairment charge on property, plant and equipment that were previously recorded at historical cost. This charge is included in the aforementioned Venezuela-related charges. Up until December 31, 2014, the financial statements of the Company’s subsidiaries operating in Venezuela were remeasured at and reflected in the Company’s consolidated financial statements at the CENCOEX official exchange rate of 6.30 Bolivars per U.S. dollar. Due to the evolving foreign exchange control environment in Venezuela and additional experience with the various foreign exchange mechanisms, as of December 31, 2014, the Company determined it would be most appropriate to remeasure the financial statements of the Company’s subsidiaries operating in Venezuela at the SICAD-II exchange rate of 50.0 Bolivars per U.S. dollar.
New Accounting Guidance	New Accounting Guidance In May 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2015-07, “Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), (“ASU 2015-07”). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and remove certain related disclosure requirements. ASU 2015-07 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. Since ASU 2015-07 only modifies existing disclosures, the adoption of ASU 2015-07 will not affect the consolidated financial position, results of operations or cash flows of the Company. In April 2015, the FASB issued ASU No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs” (“ASU 2015-03”). ASU No. 2015-03 changes the presentation of debt issuance costs in financial statements. ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability rather than as an asset. ASU 2015-03 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-03 to have a material effect on its consolidated financial position, results of operations or cash flows. In February 2015, the FASB issued ASU No. 2015-02, “Amendments to the Consolidation Analysis” (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities or voting interest entities. ASU 2015-02 is effective for annual periods and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect the provisions of ASU 2015-02 to have a material effect on its consolidated financial position, results of operations or cash flows.
Adoption of New Accounting Guidance	Adoption of New Accounting Guidance In April 2014, the FASB issued ASU No. 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” (“ASU 2014-08”). ASU-2014-08 establishes criteria for determining which disposals qualify as discontinued operations and also establishes disclosure requirements for both discontinued operations and material disposals that do not meet the definition of discontinued operations. ASU 2014-08 is effective for annual periods beginning on or after December 15, 2014. The adoption of the provisions of ASU 2014-08 did not have a material effect on the consolidated financial position, results of operations or cash flows of the Company.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventories	Inventories are comprised of the following at June 30, 2015 and December 31, 2014: (in millions) June 30, December 31, Raw materials and supplies $ 296.0 $ 250.0 Work-in-process 81.3 71.0 Finished goods 1,506.7 1,183.7 Total inventories $ 1,884.0 $ 1,504.7

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Property Plant and Equipment Net	Property, plant and equipment, net, is comprised of the following at June 30, 2015 and December 31, 2014: (in millions) June 30, December 31, Land $ 56.8 $ 62.5 Buildings 442.1 460.1 Machinery and equipment 1,368.0 1,311.4 Construction-in-progress 79.2 98.8 1,946.1 1,932.8 Less: Accumulated depreciation (1,135.7 ) (1,082.9 ) Total property, plant and equipment, net $ 810.4 $ 849.9

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill Activity	Goodwill activity for the six months ended June 30, 2015 is as follows: June 30, 2015 (in millions) Net Book Value at December 31, 2014 Additions Foreign Exchange and Other Adjustments Gross Carrying Amount Accumulated Impairment Charges Net Book Value Goodwill Branded Consumables $ 1,385.1 $ — $ (2.6 ) $ 1,605.7 $ (223.2 ) $ 1,382.5 Consumer Solutions 757.7 — (4.9 ) 752.8 — 752.8 Outdoor Solutions 715.7 $ 15.9 (3.4 ) 746.7 (18.5 ) $ 728.2 Process Solutions 21.7 — — 21.7 — 21.7 $ 2,880.2 $ 15.9 $ (10.9 ) $ 3,126.9 $ (241.7 ) $ 2,885.2
Intangibles Activity	Intangibles activity for the six months ended June 30, 2015 is as follows: (in millions) Gross Carrying Amount at December 31, 2014 Additions Accumulated Amortization and Foreign Exchange Net Book Value at June 30, 2015 Amortization Periods (years) Intangibles Patents $ 9.3 $ — $ (5.0 ) $ 4.3 12-30 Manufacturing process and expertise 65.2 — (47.7 ) 17.5 3-7 Brand names 23.3 1.4 (11.9 ) 12.8 4-20 Customer relationships and distributor channels 549.6 11.3 (120.5 ) 440.4 10-35 Trademarks and tradenames 2,131.7 1.1 (28.8 ) 2,104.0 indefinite $ 2,779.1 $ 13.8 $ (213.9 ) $ 2,579.0

Warranty Reserve (Tables)

Warranty Reserve (Tables)	6 Months Ended
	Jun. 30, 2015
Warranty Reserve Activity	The warranty reserve activity for the six months ended June 30, 2015 is as follows: (in millions) 2015 Warranty reserve at January 1, $ 96.8 Provision for warranties issued 66.0 Warranty claims paid (68.2 ) Acquisitions and other adjustments (0.7 ) Warranty reserve at June 30, $ 93.9

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt	Debt is comprised of the following at June 30, 2015 and December 31, 2014: (in millions) June 30, 2015 December 31, Senior Secured Credit Facility Term Loans $ 2,001.5 $ 2,024.6 6 1 8 300.0 300.0 3 3 4 331.6 357.9 7 1 2 653.0 650.6 1 7 8 452.5 445.8 1 1 2 229.9 226.0 1 1 8 492.9 484.1 Securitization Facility 489.3 479.3 Non-U.S. borrowings 66.5 83.2 Other 8.3 7.4 Total debt 5,025.5 5,058.9 Less: current portion (588.5 ) (594.9 ) Total long-term debt $ 4,437.0 $ 4,464.0 (a) Collectively, the “Senior Notes.” (b) The “Senior Subordinated Notes.” (c) Collectively, the “Senior Subordinated Convertible Notes.”

Derivative and Other Hedging 30

Derivative and Other Hedging Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value of Derivative Financial Instruments	The following table presents the fair value of derivative financial instruments as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Fair Value of Derivatives Fair Value of Derivatives (in millions) Asset (a) Liability (a) Asset (a) Liability (a) Derivatives designated as effective hedges: Cash flow hedges: Interest rate swaps $ — $ 8.1 $ 0.6 $ 7.2 Foreign currency contracts 22.0 9.3 25.9 3.8 Fair value hedges: Interest rate swaps 0.8 — — 2.2 Subtotal 22.8 17.4 26.5 13.2 Derivatives not designated as effective hedges: Foreign currency contracts 7.0 3.1 2.8 1.3 Commodity contracts 1.1 5.3 — 9.0 Subtotal 8.1 8.4 2.8 10.3 Total $ 30.9 $ 25.8 $ 29.3 $ 23.5 (a) Consolidated balance sheet location: Asset: Other current and non-current assets Liability: Other current and non-current liabilities
Gain and Loss Activity Related to Derivative Financial Instruments Designated as Effective Hedges	The following table presents gain and loss activity (on a pretax basis) for the three and six months ended June 30, 2015 and 2014 related to derivative financial instruments designated as effective hedges: Three months ended June 30, 2015 Three months ended June 30, 2014 Gain/(Loss) Gain/(Loss) (in millions) Recognized in OCI (a) (effective portion) Reclassified from AOCI to Income Recognized in Income (b) Recognized in OCI (a) (effective portion) Reclassified from AOCI to Income Recognized in Income (b) Derivatives designated as effective hedges: Cash flow hedges: Interest rate swaps $ 1.4 $ — $ — $ (2.8 ) $ — $ — Foreign currency contracts (3.6 ) 11.2 (2.6 ) (2.9 ) 2.2 (2.3 ) Total $ (2.2 ) $ 11.2 $ (2.6 ) $ (5.7 ) $ 2.2 $ (2.3 ) Location of gain/(loss) in the consolidated results of operations: Sales $ 0.5 $ — $ 0.2 $ — Cost of Sales 10.7 — 2.0 — SG&A — (2.6 ) — (2.3 ) Total $ 11.2 $ (2.6 ) $ 2.2 $ (2.3 ) Six months ended June 30, 2015 Six months ended June 30, 2014 Gain/(Loss) Gain/(Loss) (in millions) Recognized in OCI (a) (effective portion) Reclassified from AOCI to Income Recognized in Income (b) Recognized in OCI (a) (effective portion) Reclassified from AOCI to Income Recognized in Income (b) Derivatives designated as effective hedges: Cash flow hedges: Interest rate swaps $ (1.5 ) $ — $ — $ (3.5 ) $ — $ — Foreign currency contracts 9.4 18.6 (3.5 ) (2.3 ) 4.2 (3.9 ) Total $ 7.9 $ 18.6 $ (3.5 ) $ (5.8 ) $ 4.2 $ (3.9 ) Location of gain/(loss) in the consolidated results of operations: Sales $ 0.8 $ — $ 1.0 $ — Cost of Sales 17.8 — 3.2 — SG&A — (3.5 ) — (3.9 ) Total $ 18.6 $ (3.5 ) $ 4.2 $ (3.9 ) (a) Represents effective portion recognized in Other Comprehensive Income (Loss) (“OCI”). (b) Represents portion excluded from effectiveness testing.
Gain and Loss Activity Related to Derivative Financial Instruments Not Designated as Effective Hedges	The following table presents gain and loss activity (on a pretax basis) for the three and six months ended June 30, 2015 and 2014 related to derivative financial instruments not designated as effective hedges: Gain/(Loss) Recognized in Income (a) Three months ended June 30, Six months ended June 30, (in millions) 2015 2014 2015 2014 Derivatives not designated as effective hedges: Cash flow hedges: Foreign currency contracts $ (9.0 ) $ (1.4 ) $ 5.2 $ (6.4 ) Commodity contracts 2.5 0.5 0.7 0.9 Total $ (6.5 ) $ (0.9 ) $ 5.9 $ (5.5 ) (a) Classified in SG&A.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table summarizes assets and liabilities that are measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Fair Value Asset (Liability) Fair Value Asset (Liability) (in millions) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Derivatives: Assets $ — $ 30.9 $ — $ 30.9 $ — $ 29.3 $ — $ 29.3 Liabilities — (25.8 ) — (25.8 ) — (23.5 ) — (23.5 ) Available-for-sale securities — — — — — 1.5 — 1.5 Contingent consideration — — (30.9 ) (30.9 ) — — (32.6 ) (32.6 )
Changes in Fair Value of Contingent Consideration Obligations	Changes in the fair value of the contingent consideration obligations for the six months ended June 30, 2015 were as follows: (in millions) 2015 Contingent consideration at January 1, $ 32.6 Acquisitions 4.5 Payments (0.6 ) Adjustments and foreign exchange (5.6 ) Contingent consideration at June 30, $ 30.9

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Computations of Weighted Average Shares Outstanding	The computations of the weighted average shares outstanding for the three and six months ended June 30, 2015 and 2014 are as follows: Three months ended June 30, Six months ended June 30, (in millions) 2015 2014 2015 2014 Weighted average shares outstanding: Basic 186.2 184.7 185.8 186.2 Dilutive share-based awards 0.2 0.3 0.4 0.9 Convertible debt 9.0 2.7 8.4 3.3 Diluted 195.4 187.7 194.6 190.4

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2015
Components of Net Periodic Pension and Postretirement Benefit Expense	The components of pension and postretirement benefit expense for the three and six months ended June 30, 2015 and 2014 are as follows: Pension Benefits Three months ended June 30, 2015 2014 (in millions) Domestic Foreign Total Domestic Foreign Total Service cost $ — $ 0.6 $ 0.6 $ — $ 0.6 $ 0.6 Interest cost 2.9 0.4 3.3 3.6 0.6 4.2 Expected return on plan assets (4.1 ) (0.3 ) (4.4 ) (4.3 ) (0.4 ) (4.7 ) Amortization, net 1.4 0.3 1.7 1.2 0.1 1.3 Net periodic expense $ 0.2 $ 1.0 $ 1.2 $ 0.5 $ 0.9 $ 1.4 Six months ended June 30, 2015 2014 (in millions) Domestic Foreign Total Domestic Foreign Total Service cost $ — $ 1.1 $ 1.1 $ — $ 1.1 $ 1.1 Interest cost 5.8 0.8 6.6 7.3 1.2 8.5 Expected return on plan assets (8.2 ) (0.6 ) (8.8 ) (8.7 ) (0.7 ) (9.4 ) Amortization, net 2.9 0.6 3.5 2.4 0.2 2.6 Net periodic expense $ 0.5 $ 1.9 $ 2.4 $ 1.0 $ 1.8 $ 2.8 Postretirement Benefits Three months ended June 30, Six months ended (in millions) 2015 2014 2015 2014 Interest cost $ — $ 0.1 $ 0.1 $ 0.2 Amortization, net — (0.2 ) (0.1 ) (0.3 ) Net periodic expense $ — $ (0.1 ) $ — $ (0.1 )

Restructuring Costs (Tables)

Restructuring Costs (Tables)	6 Months Ended
	Jun. 30, 2015
Accrued Restructuring Costs Activity	Details and the activity related to accrued restructuring costs as of and for the six months ended June 30, 2015 are as follows: (in millions) Accrual Balance at December 31, 2014 Restructuring Costs, net Payments Foreign Currency and Other Accrual Balance at June 30, 2015 Severance and other employee-related $ 5.4 $ 0.7 $ (3.4 ) $ (0.4 ) $ 2.3 Other costs 5.4 3.8 (3.1 ) (0.1 ) 6.0 Total $ 10.8 $ 4.5 $ (6.5 ) $ (0.5 ) $ 8.3

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Information	Segment information as of and for the three and six months ended June 30, 2015 and 2014 is as follows: Three months ended June 30, 2015 (in millions) Branded Consumables Consumer Solutions Outdoor Solutions Process Solutions Intercompany Eliminations Total Operating Segments Corporate/ Unallocated Consolidated Net sales $ 677.3 $ 473.6 $ 753.3 $ 124.6 $ (23.1 ) $ 2,005.7 $ — $ 2,005.7 Segment earnings (loss) 115.9 64.2 84.9 19.5 — 284.5 (25.8 ) 258.7 Adjustments to reconcile to reported operating earnings (loss): Restructuring costs, net (1.9 ) — — — — (1.9 ) — (1.9 ) Acquisition-related and other costs (5.5 ) (4.5 ) (6.5 ) — — (16.5 ) (1.2 ) (17.7 ) Depreciation and amortization (21.3 ) (9.3 ) (14.2 ) (3.0 ) — (47.8 ) (1.7 ) (49.5 ) Operating earnings (loss) $ 87.2 $ 50.4 $ 64.2 $ 16.5 $ — $ 218.3 $ (28.7 ) $ 189.6 Other segment data: Total assets $ 4,331.1 $ 2,466.1 $ 3,009.9 $ 213.2 $ — $ 10,020.3 $ 661.4 $ 10,681.7 Three months ended June 30, 2014 (in millions) Branded Consumables Consumer Solutions Outdoor Solutions Process Solutions Intercompany Eliminations Total Operating Segments Corporate/ Unallocated Consolidated Net sales $ 684.4 $ 445.6 $ 754.9 $ 111.8 $ (21.6 ) $ 1,975.1 $ — $ 1,975.1 Segment earnings (loss) 105.5 55.3 100.2 18.3 — 279.3 (20.8 ) 258.5 Adjustments to reconcile to reported operating earnings (loss): Fair market value adjustment to inventory — (1.3 ) — — — (1.3 ) — (1.3 ) Restructuring costs, net — (0.7 ) (1.6 ) — — (2.3 ) — (2.3 ) Acquisition-related and other costs (1.4 ) (1.0 ) (5.2 ) — — (7.6 ) (0.5 ) (8.1 ) Venezuela-related charges — — — — — — (9.6 ) (9.6 ) Depreciation and amortization (21.9 ) (6.7 ) (14.3 ) (2.8 ) — (45.7 ) (1.4 ) (47.1 ) Operating earnings (loss) $ 82.2 $ 45.6 $ 79.1 $ 15.5 $ — $ 222.4 $ (32.3 ) $ 190.1 Six months ended June 30, 2015 (in millions) Branded Consumables Consumer Solutions Outdoor Solutions Process Solutions Intercompany Eliminations Total Operating Segments Corporate/ Unallocated Consolidated Net sales $ 1,322.6 $ 852.8 $ 1,378.2 $ 228.7 $ (45.1 ) $ 3,737.2 $ — $ 3,737.2 Segment earnings (loss) 190.5 94.3 125.3 30.8 — 440.9 (83.2 ) 357.7 Adjustments to reconcile to reported operating earnings (loss): Restructuring costs, net (2.5 ) — — — — (2.5 ) (2.0 ) (4.5 ) Acquisition-related and other costs (9.9 ) (9.2 ) (14.7 ) — — (33.8 ) (3.0 ) (36.8 ) Venezuela-related charges — — — — — — (60.6 ) (60.6 ) Depreciation and amortization (41.8 ) (19.0 ) (27.3 ) (5.8 ) — (93.9 ) (3.1 ) (97.0 ) Operating earnings (loss) $ 136.3 $ 66.1 $ 83.3 $ 25.0 $ — $ 310.7 $ (151.9 ) $ 158.8 Six months ended June 30, 2014 (in millions) Branded Consumables Consumer Solutions Outdoor Solutions Process Solutions Intercompany Eliminations Total Operating Segments Corporate/ Unallocated Consolidated Net sales $ 1,306.2 $ 789.6 $ 1,439.0 $ 214.1 $ (42.0 ) $ 3,706.9 $ — $ 3,706.9 Segment earnings (loss) 180.5 91.8 155.5 30.6 — 458.4 (73.6 ) 384.8 Adjustments to reconcile to reported operating earnings (loss): Fair market value adjustment to inventory — (1.3 ) — — — (1.3 ) — (1.3 ) Restructuring costs, net — (1.0 ) (1.6 ) — — (2.6 ) — (2.6 ) Acquisition-related and other costs (6.4 ) (4.0 ) (10.4 ) — — (20.8 ) (0.5 ) (21.3 ) Venezuela-related charges — — — — — — (13.6 ) (13.6 ) Depreciation and amortization (41.9 ) (14.4 ) (28.1 ) (5.6 ) — (90.0 ) (2.7 ) (92.7 ) Operating earnings (loss) $ 132.2 $ 71.1 $ 115.4 $ 25.0 $ — $ 343.7 $ (90.4 ) $ 253.3

Accumulated Other Comprehensi36

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2015
Accumulated Other Comprehensive Income Activity	AOCI activity for the six months ended June 30, 2015 is as follows: (in millions) Cumulative Derivative Accrued Benefit AOCI AOCI balance at December 31, 2014 $ (139.5 ) $ 13.4 $ (54.6 ) $ (180.7 ) AOCI activity, net of tax: OCI excluding reclassifications (76.1 ) 5.8 0.6 (69.7 ) Reclassifications to earnings — (13.6 ) 2.2 (11.4 ) Subtotal OCI, net of tax (76.1 ) (7.8 ) 2.8 (81.1 ) AOCI balance at June 30, 2015 $ (215.6 ) $ 5.6 $ (51.8 ) $ (261.8 )
Income Tax (Provision) Benefit Allocated to Components of Other Comprehensive Income	The income tax (provision) benefit allocated to the components of OCI for the three and six months ended June 30, 2015 and 2014 is as follows: Three months ended June 30, Six months ended June 30, (in millions) 2015 2014 2015 2014 Cumulative translation adjustment $ 3.3 $ — $ (8.7 ) $ — Derivative financial instruments 3.7 2.3 2.9 3.1 Accrued benefit cost (0.4 ) (0.4 ) (1.5 ) (0.8 ) Unrealized gain on investment — (1.5 ) — (1.5 ) Income tax (provision) benefit related to OCI $ 6.6 $ 0.4 $ (7.3 ) $ 0.8

Condensed Consolidating Finan37

Condensed Consolidating Financial Data (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Consolidating Results of Operations	Condensed Consolidating Results of Operations Three months ended June 30, 2015 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,446.1 $ 766.1 $ (206.5 ) $ 2,005.7 Cost of sales — 1,039.1 565.6 (206.5 ) 1,398.2 Gross profit — 407.0 200.5 — 607.5 Selling, general and administrative expenses 23.9 264.1 128.0 — 416.0 Restructuring costs, net — 1.5 0.4 — 1.9 Operating earnings (23.9 ) 141.4 72.1 — 189.6 Interest expense, net 33.6 16.3 2.0 — 51.9 Income (loss) before taxes and equity earnings of subsidiaries (57.5 ) 125.1 70.1 — 137.7 Income tax provision (benefit) (21.8 ) 47.4 26.2 — 51.8 Equity earnings of subsidiaries 121.6 40.3 — (161.9 ) — Net income (loss) 85.9 118.0 43.9 (161.9 ) 85.9 Other comprehensive income (loss), net of tax 10.5 10.9 17.5 (28.4 ) 10.5 Comprehensive income (loss) $ 96.4 $ 128.9 $ 61.4 $ (190.3 ) $ 96.4 Three months ended June 30, 2014 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 1,367.1 $ 814.5 $ (206.5 ) $ 1,975.1 Cost of sales — 991.0 588.6 (206.5 ) 1,373.1 Gross profit — 376.1 225.9 — 602.0 Selling, general and administrative expenses 11.0 256.7 141.9 — 409.6 Restructuring costs, net — — 2.3 — 2.3 Operating earnings (11.0 ) 119.4 81.7 — 190.1 Interest expense, net 34.4 16.3 2.2 — 52.9 Loss on early extinguishment of debt 54.4 — — — 54.4 Income (loss) before taxes and equity earnings of subsidiaries (99.8 ) 103.1 79.5 — 82.8 Income tax provision (benefit) (37.0 ) 38.9 28.8 — 30.7 Equity earnings of subsidiaries 114.9 43.0 — (157.9 ) — Net income (loss) 52.1 107.2 50.7 (157.9 ) 52.1 Other comprehensive income (loss), net of tax 11.5 12.7 13.2 (25.9 ) 11.5 Comprehensive income (loss) $ 63.6 $ 119.9 $ 63.9 $ (183.8 ) $ 63.6 Six months ended June 30, 2015 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 2,684.1 $ 1,436.8 $ (383.7 ) $ 3,737.2 Cost of sales — 1,943.9 1,069.0 (383.7 ) 2,629.2 Gross profit — 740.2 367.8 — 1,108.0 Selling, general and administrative expenses 85.7 562.8 296.2 — 944.7 Restructuring costs, net 2.0 1.5 1.0 — 4.5 Operating earnings (87.7 ) 175.9 70.6 — 158.8 Interest expense, net 67.8 32.5 4.5 — 104.8 Income (loss) before taxes and equity earnings of subsidiaries (155.5 ) 143.4 66.1 — 54.0 Income tax provision (benefit) (58.9 ) 54.3 28.2 — 23.6 Equity earnings of subsidiaries 127.0 32.6 — (159.6 ) — Net income (loss) 30.4 121.7 37.9 (159.6 ) 30.4 Other comprehensive income (loss), net of tax (81.1 ) (38.4 ) (62.5 ) 100.9 (81.1 ) Comprehensive i ncome ( l oss) $ (50.7 ) $ 83.3 $ (24.6 ) $ (58.7 ) $ (50.7 ) Six months ended June 30, 2014 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net sales $ — $ 2,550.2 $ 1,554.6 $ (397.9 ) $ 3,706.9 Cost of sales — 1,857.4 1,131.0 (397.9 ) 2,590.5 Gross profit — 692.8 423.6 — 1,116.4 Selling, general and administrative expenses 64.8 505.6 290.1 — 860.5 Reorganization costs, net — — 2.6 — 2.6 Operating earnings (64.8 ) 187.2 130.9 — 253.3 Interest expense, net 70.6 32.5 3.8 — 106.9 Loss on early extinguishment of debt 54.4 — — — 54.4 Income (loss) before taxes and equity earnings of subsidiaries (189.8 ) 154.7 127.1 — 92.0 Income tax provision (benefit) (71.3 ) 58.5 49.0 — 36.2 Equity earnings of subsidiaries 174.3 61.8 — (236.1 ) — Net income (loss) 55.8 158.0 78.1 (236.1 ) 55.8 Other comprehensive income (loss), net of tax 3.2 6.7 6.1 (12.8 ) 3.2 Comprehensive income (loss) $ 59.0 $ 164.7 $ 84.2 $ (248.9 ) $ 59.0
Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets As of June, 2015 (in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 377.0 $ 5.2 $ 347.7 $ — $ 729.9 Accounts receivable — 4.4 1,252.1 — 1,256.5 Inventories — 1,180.8 703.2 — 1,884.0 Other current assets 33.3 238.7 114.7 — 386.7 Total current assets 410.3 1,429.1 2,417.7 — 4,257.1 Property, plant and equipment, net 53.2 466.1 291.1 — 810.4 Goodwill — 2,572.2 313.0 — 2,885.2 Intangibles, net — 2,345.4 233.6 — 2,579.0 Intercompany receivables 2,875.0 2,385.0 2,110.0 (7,370.0 ) — Investment in subsidiaries 7,171.8 1,916.2 — (9,088.0 ) — Other non-current assets 50.4 26.3 73.3 — 150.0 Total assets $ 10,560.7 $ 11,140.3 $ 5,438.7 $ (16,458.0 ) $ 10,681.7 Liabilities and s tockholders’ equity Short-term debt and current portion of long-term debt $ 47.0 $ 1.5 $ 540.0 $ — $ 588.5 Accounts payable 3.0 524.0 273.1 — 800.1 Other current liabilities 61.4 304.0 231.9 — 597.3 Total current liabilities 111.4 829.5 1,045.0 — 1,985.9 Long-term debt 4,416.4 3.5 17.1 — 4,437.0 Intercompany payables 3,148.1 1,877.0 2,344.9 (7,370.0 ) — Deferred taxes on income 120.4 1,028.1 80.2 — 1,228.7 Other non-current liabilities 174.0 149.2 116.5 — 439.7 Total stockholders’ equity 2,590.4 7,253.0 1,835.0 (9,088.0 ) 2,590.4 Total liabilities and stockholders’ equity $ 10,560.7 $ 11,140.3 $ 5,438.7 $ (16,458.0 ) $ 10,681.7 As of December 31, 2014 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Assets Cash and cash equivalents $ 728.8 $ 9.3 $ 426.7 $ — $ 1,164.8 Accounts receivable — 1.2 1,276.7 — 1,277.9 Inventories — 919.4 585.3 — 1,504.7 Other current assets 38.3 161.7 170.6 — 370.6 Total current assets 767.1 1,091.6 2,459.3 — 4,318.0 Property, plant and equipment, net 47.0 456.5 346.4 — 849.9 Goodwill — 2,572.0 308.2 — 2,880.2 Intangibles, net — 2,350.7 247.8 — 2,598.5 Intercompany receivables 4,641.2 4,758.6 4,547.7 (13,947.5 ) — Investment in subsidiaries 7,111.3 2,029.1 — (9,140.4 ) — Other non-current assets 56.4 26.9 69.4 — 152.7 Total assets $ 12,623.0 $ 13,285.4 $ 7,978.8 $ (23,087.9 ) $ 10,799.3 Liabilities and stockholders’ equity Short-term debt and current portion of long-term debt $ 47.0 $ 1.6 $ 546.3 $ — $ 594.9 Accounts payable 8.7 529.8 271.4 — 809.9 Other current liabilities 63.6 337.4 271.4 — 672.4 Total current liabilities 119.3 868.8 1,089.1 — 2,077.2 Long-term debt 4,442.0 4.2 17.8 — 4,464.0 Intercompany payables 5,197.4 4,044.0 4,706.1 (13,947.5 ) — Deferred taxes on income 100.4 1,039.3 82.4 — 1,222.1 Other non-current liabilities 154.6 160.5 111.6 — 426.7 Total stockholders’ equity 2,609.3 7,168.6 1,971.8 (9,140.4 ) 2,609.3 Total liabilities and stockholders’ equity $ 12,623.0 $ 13,285.4 $ 7,978.8 $ (23,087.9 ) $ 10,799.3
Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows Six months ended June 30, 2015 (in millions) Parent Guarantor Subsidiaries Non-Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities, net $ (110.6 ) $ (97.1 ) $ (64.3 ) $ — $ (272.0 ) Financing activities: Net change in short-term debt — (0.3 ) (6.1 ) — (6.4 ) (Payments on) proceeds from intercompany transactions (200.3 ) 173.8 31.1 (4.6 ) — Proceeds from issuance of long-term debt 2.0 — 2.0 — 4.0 Payments on long-term debt (23.5 ) (0.5 ) (0.3 ) — (24.3 ) Issuance (repurchase) of common stock, net (33.5 ) — — — (33.5 ) Excess tax benefits from stock-based compensation 21.5 — — — 21.5 Other 1.8 (0.4 ) (1.8 ) — (0.4 ) Net cash provided by (used in) financing activities (232.0 ) 172.6 24.9 (4.6 ) (39.1 ) Investing activities: Additions to property, plant and equipment (9.2 ) (66.3 ) (22.2 ) — (97.7 ) Acquisition of businesses, net of cash acquired — (7.1 ) (26.1 ) — (33.2 ) Intercompany investing activities, net — (4.6 ) — 4.6 — Other — (1.6 ) 40.7 — 39.1 Net cash used in investing activities (9.2 ) (79.6 ) (7.6 ) 4.6 (91.8 ) Effect of exchange rate changes on cash — — (32.0 ) — (32.0 ) Net decrease in cash and cash equivalents (351.8 ) (4.1 ) (79.0 ) — (434.9 ) Cash and cash equivalents at beginning of year 728.8 9.3 426.7 — 1,164.8 Cash and cash equivalents at end of year $ 377.0 $ 5.2 $ 347.7 $ — $ 729.9 Six months ended June 30, 2014 (in millions) Parent Guarantor Subsidiaries Non- Guarantor Subsidiaries Eliminations Consolidated Net cash provided by (used in) operating activities, net $ (196.0 ) $ 71.8 $ (45.1 ) $ (5.1 ) $ (174.4 ) Financing activities: Net change in short-term debt — — 34.0 — 34.0 (Payments on) proceeds from intercompany transactions (41.8 ) (13.4 ) 50.1 5.1 — Proceeds from issuance of long-term debt 690.0 0.2 1.4 — 691.6 Payments on long-term debt (549.9 ) (0.7 ) (0.4 ) — (551.0 ) Issuance (repurchase) of common stock, net (269.8 ) — — — (269.8 ) Excess tax benefits from stock-based compensation 34.9 — — — 34.9 Other (16.6 ) (7.6 ) (0.6 ) — (24.8 ) Net cash provided by (used in) financing activities (153.2 ) (21.5 ) 84.5 5.1 (85.1 ) Investing activities: Additions to property, plant and equipment (2.5 ) (54.5 ) (42.3 ) — (99.3 ) Acquisition of businesses, net of cash acquired — — (108.4 ) — (108.4 ) Other — (1.2 ) 6.0 — 4.8 Net cash used in investing activities (2.5 ) (55.7 ) (144.7 ) — (202.9 ) Effect of exchange rate changes on cash — — (0.8 ) — (0.8 ) Net decrease in cash and cash equivalents (351.7 ) (5.4 ) (106.1 ) — (463.2 ) Cash and cash equivalents at beginning of year 630.8 13.5 484.2 — 1,128.5 Cash and cash equivalents at end of year $ 279.1 $ 8.1 $ 378.1 $ — $ 665.3

Basis of Presentation and Sig38

Basis of Presentation and Significant Accounting Policies - Additional information (Detail) $ / shares in Units, $ in Millions	Mar. 31, 2015VEF / $	Nov. 24, 2014$ / shares	Jun. 30, 2015USD ($)$ / shares	Mar. 31, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)$ / shares	Jun. 30, 2014USD ($)	Dec. 31, 2014$ / sharesVEF / $
Supplementary Information [Line Items]
Common stock, par value | $ / shares			$ 0.01			$ 0.01		$ 0.01
Stock-based compensation						$ 41.2	$ 41
Interest income			$ 0.5		$ 1.4	1.2	2.8
Stock Split
Supplementary Information [Line Items]
Stock split additional shares issuable		One additional share of common stock for every two shares of common stock
Stock split conversion ratio		1.5
Common stock, par value | $ / shares		$ 0.01
SG&A
Supplementary Information [Line Items]
Stock-based compensation			$ 2.3		6.1	41.2	41
Venezuela
Supplementary Information [Line Items]
Venezuela-related charges					$ 9.6	$ 60.6	$ 13.6
Impairment charge on non-monetary assets				$ 13
Foreign exchange-related charges				37.3
Venezuela | Official Rate
Supplementary Information [Line Items]
Foreign currency exchange rate | VEF / $								6.30
Venezuela | SICAD-II
Supplementary Information [Line Items]
Foreign currency exchange rate | VEF / $								50
Venezuela | SIMADI
Supplementary Information [Line Items]
Foreign currency exchange rate | VEF / $	193
Venezuela | SG&A
Supplementary Information [Line Items]
Venezuela-related charges				$ 60.6

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015Entity	Jul. 31, 2015USD ($)
Business Acquisition [Line Items]
Number of other tuck-in acquisitions | Entity	2
Subsequent Event | Waddington Holdings Inc
Business Acquisition [Line Items]
Total value of the transaction of businesses acquisition		$ 1,350

Inventories (Detail)

Inventories (Detail) - Entity [Domain] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Inventory [Line Items]
Raw materials and supplies	$ 296	$ 250
Work-in-process	81.3	71
Finished goods	1,506.7	1,183.7
Total inventories	$ 1,884	$ 1,504.7

Property, Plant and Equipment,

Property, Plant and Equipment, Net (Detail) - Entity [Domain] - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 1,946.1	$ 1,932.8
Less: Accumulated depreciation	(1,135.7)	(1,082.9)
Total property, plant and equipment, net	810.4	849.9
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	56.8	62.5
Building
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	442.1	460.1
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	1,368	1,311.4
Construction in Progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 79.2	$ 98.8

Property, Plant and Equipment -

Property, Plant and Equipment - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Property, Plant and Equipment [Line Items]
Depreciation of property, plant and equipment	$ 40.8	$ 41.5	$ 79.8	$ 81.2

Goodwill Activity (Detail)

Goodwill Activity (Detail) - Jun. 30, 2015 - Entity [Domain] - USD ($) $ in Millions	Total
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	$ 2,885.2
Goodwill, Net Book Value Beginning Balance	2,880.2
Goodwill, Additions	15.9
Goodwill, Foreign Exchange and Other Adjustments	(10.9)
Goodwill, Gross Carrying Amount	3,126.9
Goodwill, Accumulated Impairment Charges	(241.7)
Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	2,885.2
Branded Consumables
Goodwill [Line Items]
Goodwill, Net Book Value Beginning Balance	1,385.1
Goodwill, Foreign Exchange and Other Adjustments	(2.6)
Goodwill, Gross Carrying Amount	1,605.7
Goodwill, Accumulated Impairment Charges	(223.2)
Branded Consumables | Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	1,382.5
Consumer Solutions
Goodwill [Line Items]
Goodwill, Net Book Value Beginning Balance	757.7
Goodwill, Foreign Exchange and Other Adjustments	(4.9)
Goodwill, Gross Carrying Amount	752.8
Consumer Solutions | Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	752.8
Outdoor Solutions
Goodwill [Line Items]
Goodwill, Net Book Value Beginning Balance	715.7
Goodwill, Additions	15.9
Goodwill, Foreign Exchange and Other Adjustments	(3.4)
Goodwill, Gross Carrying Amount	746.7
Goodwill, Accumulated Impairment Charges	(18.5)
Outdoor Solutions | Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	728.2
Process Solutions
Goodwill [Line Items]
Goodwill, Net Book Value Beginning Balance	21.7
Goodwill, Gross Carrying Amount	21.7
Process Solutions | Goodwill
Goodwill [Line Items]
Goodwill, Net Book Value Ending Balance	$ 21.7

Intangibles Activity (Detail)

Intangibles Activity (Detail) - Entity [Domain] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	$ 2,779.1
Intangibles, Additions	13.8
Intangibles, Accumulated Amortization and Foreign Exchange	(213.9)
Intangibles, Net Book Value at end of period	2,579	$ 2,598.5
Patents
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	9.3
Intangibles, Accumulated Amortization and Foreign Exchange	(5)
Intangibles, Net Book Value at end of period	4.3
Manufacturing Process And Expertise
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	65.2
Intangibles, Accumulated Amortization and Foreign Exchange	(47.7)
Intangibles, Net Book Value at end of period	17.5
Brand Names
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	23.3
Intangibles, Additions	1.4
Intangibles, Accumulated Amortization and Foreign Exchange	(11.9)
Intangibles, Net Book Value at end of period	12.8
Customer Relationships And Distributor Channels
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	549.6
Intangibles, Additions	11.3
Intangibles, Accumulated Amortization and Foreign Exchange	(120.5)
Intangibles, Net Book Value at end of period	440.4
Trademarks and Tradenames
Intangible Assets by Major [Line Items]
Intangibles, Gross Carrying Amount at beginning of period	2,131.7
Intangibles, Additions	1.1
Intangibles, Accumulated Amortization and Foreign Exchange	(28.8)
Intangibles, Net Book Value at end of period	$ 2,104
Minimum | Patents
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	12 years
Minimum | Manufacturing Process And Expertise
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	3 years
Minimum | Brand Names
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	4 years
Minimum | Customer Relationships And Distributor Channels
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	10 years
Maximum | Patents
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	30 years
Maximum | Manufacturing Process And Expertise
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	7 years
Maximum | Brand Names
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	20 years
Maximum | Customer Relationships And Distributor Channels
Intangible Assets by Major [Line Items]
Intangibles, Amortization Periods	35 years

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Line Items]
Amortization of intangibles	$ 8.7	$ 5.6	$ 17.2	$ 11.5

Warranty Reserve Activity (Deta

Warranty Reserve Activity (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Product Information [Line Items]
Warranty reserve at January 1,	$ 96.8
Provision for warranties issued	66
Warranty claims paid	(68.2)
Acquisitions and other adjustments	(0.7)
Warranty reserve at June 30,	$ 93.9

Debt (Detail)

Debt (Detail) - Entity [Domain] - USD ($) $ in Millions		6 Months Ended	12 Months Ended
		Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total debt		$ 5,025.5	$ 5,058.9
Less: current portion		(588.5)	(594.9)
Total long-term debt		4,437	4,464
Senior Secured Credit Facility Term Loans
Debt Instrument [Line Items]
Total debt		2,001.5	2,024.6
6 1/8% Senior Notes Due 2022
Debt Instrument [Line Items]
Total debt	[1]	$ 300	$ 300
Interest rate of debt instrument		6.125%	6.125%
Debt instrument maturity year		2,022	2,022
3 3/4% Senior Notes Due 2021
Debt Instrument [Line Items]
Total debt	[1]	$ 331.6	$ 357.9
Interest rate of debt instrument		3.75%	3.75%
Debt instrument maturity year		2,021	2,021
7 1/2% Senior Subordinated Notes Due 2017
Debt Instrument [Line Items]
Total debt	[2]	$ 653	$ 650.6
Interest rate of debt instrument		7.50%	7.50%
Debt instrument maturity year		2,017	2,017
1 7/8% Senior Subordinated Convertible Notes Due 2018
Debt Instrument [Line Items]
Total debt	[3]	$ 452.5	$ 445.8
Interest rate of debt instrument		1.875%	1.875%
Debt instrument maturity year		2,018	2,018
1 1/2% Senior Subordinated Convertible Notes Due 2019
Debt Instrument [Line Items]
Total debt	[3]	$ 229.9	$ 226
Interest rate of debt instrument		1.50%	1.50%
Debt instrument maturity year		2,019	2,019
1 1/8% Senior Subordinated Convertible Notes due 2034
Debt Instrument [Line Items]
Total debt	[3]	$ 492.9	$ 484.1
Interest rate of debt instrument		1.125%	1.125%
Debt instrument maturity year		2,034	2,034
Securitization Facility
Debt Instrument [Line Items]
Total debt		$ 489.3	$ 479.3
Non-U.S. Borrowings
Debt Instrument [Line Items]
Total debt		66.5	83.2
Other
Debt Instrument [Line Items]
Total debt		$ 8.3	$ 7.4
[1]	Collectively, the "Senior Notes."
[2]	The "Senior Subordinated Notes."
[3]	Collectively, the "Senior Subordinated Convertible Notes."

Debt - Additional Information (

Debt - Additional Information (Detail) - Jul. 31, 2015 - Subsequent Event - USD ($) $ in Millions	Total
Senior Secured Credit Facility Term Loans
Debt Instrument [Line Items]
Amount borrowed	$ 900
Senior secured term loan B1 facility
Debt Instrument [Line Items]
Amount borrowed	$ 300
Debt instrument maturity year	2,020
Senior secured term loan B1 facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
New senior secured term loan B2 facility
Debt Instrument [Line Items]
Amount borrowed	$ 600
Debt instrument maturity year	2,022
New senior secured term loan B2 facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%

Derivative and Other Hedging 49

Derivative and Other Hedging Financial Instruments - Additional Information (Detail) - Jun. 30, 2015 € in Millions	USD ($)	EUR (€)
Derivative [Line Items]
Deferred net gains within AOCI expected to be reclassified to earnings over the next twelve months	$ 17,000,000
3 3/4% Senior Notes Due in October 2021 | Euro-Denominated
Derivative [Line Items]
Debt instrument, principal balance designated as investment hedge | €		€ 300
Interest rate of debt instrument	3.75%	3.75%
Senior notes, maturity period	2021-10
Net Investment Hedging | 3 3/4% Senior Notes Due in October 2021
Derivative [Line Items]
Deferred gain (loss) on net investment hedge recorded in AOCI, net of tax	$ 45,100,000
Interest Rate Swap | Fair value derivatives
Derivative [Line Items]
Notional amount	$ 650,000,000
Derivative weighted average basis spread on variable rate	6.05%	6.05%
Swap | Cash flow hedges
Derivative [Line Items]
Notional amount	$ 850,000,000
Derivative maturity date	June 2,020
Weighted average fixed rate of interest swaps	1.30%	1.30%
Forward-Starting Swaps | Cash flow hedges
Derivative [Line Items]
Notional amount	$ 350,000,000
Effective date of swap agreement	Dec. 31, 2015
Foreign Exchange Contract | Cash flow hedges
Derivative [Line Items]
Notional amount	$ 616,000,000
Derivative maturity date	January 2,017
Foreign Exchange Contract | Cash flow hedges | Derivatives that are not designated as effective hedges
Derivative [Line Items]
Notional amount	$ 408,000,000
Derivative maturity date	September 2,016
Commodity Contract | Derivatives that are not designated as effective hedges
Derivative [Line Items]
Notional amount	$ 50,000,000
Derivative maturity date	December 2,016

Fair Value of Derivative Financ

Fair Value of Derivative Financial Instruments (Detail) - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	$ 30.9	$ 29.3
Fair Value of Derivatives, Liability	[1]	25.8	23.5
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	22.8	26.5
Fair Value of Derivatives, Liability	[1]	17.4	13.2
Designated as Hedging Instrument | Cash flow hedges | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]		0.6
Fair Value of Derivatives, Liability	[1]	8.1	7.2
Designated as Hedging Instrument | Cash flow hedges | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	22	25.9
Fair Value of Derivatives, Liability	[1]	9.3	3.8
Designated as Hedging Instrument | Fair value derivatives | Interest Rate Swap
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	0.8
Fair Value of Derivatives, Liability	[1]		2.2
Derivatives that are not designated as effective hedges
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	8.1	2.8
Fair Value of Derivatives, Liability	[1]	8.4	10.3
Derivatives that are not designated as effective hedges | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	7	2.8
Fair Value of Derivatives, Liability	[1]	3.1	1.3
Derivatives that are not designated as effective hedges | Commodity Contract
Derivatives, Fair Value [Line Items]
Fair Value of Derivatives, Asset	[1]	1.1
Fair Value of Derivatives, Liability	[1]	$ 5.3	$ 9
[1]	Consolidated balance sheet location: Asset: Other current and non-current assets Liability: Other current and non-current liabilities

Gain and Loss Activity Related

Gain and Loss Activity Related to Derivative Financial Instruments Designated as Effective Hedges (Detail) - USD ($) $ in Millions		3 Months Ended				6 Months Ended
		Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Reclassified from AOCI to Income		$ 11.2		$ 2.2		$ 18.6	$ 4.2
Designated as Hedging Instrument
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Reclassified from AOCI to Income		11.2		2.2		18.6	4.2
Gain/(Loss), Recognized in Income	[1]	(2.6)		(2.3)		(3.5)	(3.9)
Designated as Hedging Instrument | Cash flow hedges
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Recognized in OCI		(2.2)	[2]	(5.7)	[2]	7.9	(5.8)	[2]
Gain/(Loss), Reclassified from AOCI to Income		11.2		2.2		18.6	4.2
Gain/(Loss), Recognized in Income	[1]	(2.6)		(2.3)		(3.5)	(3.9)
Designated as Hedging Instrument | Cash flow hedges | Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Recognized in OCI		1.4	[2]	(2.8)	[2]	(1.5)	(3.5)	[2]
Designated as Hedging Instrument | Cash flow hedges | Foreign Exchange Contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Recognized in OCI		(3.6)	[2]	(2.9)	[2]	9.4	(2.3)	[2]
Gain/(Loss), Reclassified from AOCI to Income		11.2		2.2		18.6	4.2
Gain/(Loss), Recognized in Income	[1]	(2.6)		(2.3)		(3.5)	(3.9)
Designated as Hedging Instrument | Unrealized Gain Loss On Derivatives | Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Reclassified from AOCI to Income		0.5		0.2		0.8	1
Designated as Hedging Instrument | Unrealized Gain Loss On Derivatives | Cost of Sales
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Reclassified from AOCI to Income		10.7		2		17.8	3.2
Designated as Hedging Instrument | Unrealized Gain Loss On Derivatives | SG&A
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain/(Loss), Recognized in Income	[1]	$ (2.6)		$ (2.3)		$ (3.5)	$ (3.9)
[1]	Represents portion excluded from effectiveness testing.
[2]	Represents effective portion recognized in Other Comprehensive Income (Loss) ("OCI").

Gain and Loss Activity Relate52

Gain and Loss Activity Related to Derivative Financial Instruments Not Designated as Effective Hedges (Detail) - Derivatives that are not designated as effective hedges - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss), Recognized in Income	[1]	$ (6.5)	$ (0.9)	$ 5.9	$ (5.5)
Cash flow hedges | Foreign Exchange Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss), Recognized in Income	[1]	(9)	(1.4)	5.2	(6.4)
Cash flow hedges | Commodity Contract
Derivative Instruments, Gain (Loss) [Line Items]
Gain/(Loss), Recognized in Income	[1]	$ 2.5	$ 0.5	$ 0.7	$ 0.9
[1]	Classified in SG&A.

Assets and Liabilities Measured

Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Millions		Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets	[1]	$ 30.9	$ 29.3
Derivatives liabilities	[1]	(25.8)	(23.5)
Contingent consideration		(30.9)	(32.6)
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets		30.9	29.3
Derivatives liabilities		(25.8)	(23.5)
Available-for-sale securities			1.5
Contingent consideration		(30.9)	(32.6)
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivatives assets		30.9	29.3
Derivatives liabilities		(25.8)	(23.5)
Available-for-sale securities			1.5
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration		$ (30.9)	$ (32.6)
[1]	Consolidated balance sheet location: Asset: Other current and non-current assets Liability: Other current and non-current liabilities

Changes in Fair Value of Contin

Changes in Fair Value of Contingent Consideration Obligations (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2015USD ($)
Schedule of Changes in Fair Value of Contingent Consideration [Line Items]
Contingent consideration, beginning balance	$ 32.6
Acquisitions	4.5
Payments	(0.6)
Adjustments and foreign exchange	(5.6)
Contingent consideration, ending balance	$ 30.9

Computation of Weighted Average

Computation of Weighted Average Shares Outstanding (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Disclosure [Line Items]
Basic	186.2	184.7	185.8	186.2
Dilutive share-based awards	0.2	0.3	0.4	0.9
Convertible debt	9	2.7	8.4	3.3
Diluted	195.4	187.7	194.6	190.4

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) shares in Millions	Jun. 30, 2015shares
Earnings Per Share Disclosure [Line Items]
Restricted share awards excluded from the computation diluted earnings per share	6

Stockholder's Equity - Addition

Stockholder's Equity - Additional Information (Detail) - Jul. 22, 2015 - Subsequent Event - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Total
Stockholders' Equity [Line Items]
Shares issued in equity offering	18.4
Price per share received in equity offering	$ 54.50
Proceeds from issuance of common stock, net	$ 969

Components of Net Periodic Pens

Components of Net Periodic Pension and Postretirement Benefit Expense (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension Benefits, Domestic
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 2.9	$ 3.6	$ 5.8	$ 7.3
Expected return on plan assets	(4.1)	(4.3)	(8.2)	(8.7)
Amortization, net	1.4	1.2	2.9	2.4
Net periodic expense	0.2	0.5	0.5	1
Pension Benefits, Foreign
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.6	0.6	1.1	1.1
Interest cost	0.4	0.6	0.8	1.2
Expected return on plan assets	(0.3)	(0.4)	(0.6)	(0.7)
Amortization, net	0.3	0.1	0.6	0.2
Net periodic expense	1	0.9	1.9	1.8
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.6	0.6	1.1	1.1
Interest cost	3.3	4.2	6.6	8.5
Expected return on plan assets	(4.4)	(4.7)	(8.8)	(9.4)
Amortization, net	1.7	1.3	3.5	2.6
Net periodic expense	$ 1.2	1.4	2.4	2.8
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Interest cost		0.1	0.1	0.2
Amortization, net		(0.2)	$ (0.1)	(0.3)
Net periodic expense		$ (0.1)		$ (0.1)

Accrued Restructuring Costs Act

Accrued Restructuring Costs Activity (Detail) - Entity [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Cost and Reserve [Line Items]
Accrual Balance, at Beginning of Period			$ 10.8
Restructuring costs, net	$ 1.9	$ 2.3	4.5	$ 2.6
Payments			(6.5)
Foreign Currency and Other			(0.5)
Accrual Balance, at End of Period	8.3		8.3
Severance and Other Employee-Related
Restructuring Cost and Reserve [Line Items]
Accrual Balance, at Beginning of Period			5.4
Restructuring costs, net			0.7
Payments			(3.4)
Foreign Currency and Other			(0.4)
Accrual Balance, at End of Period	2.3		2.3
Other Costs
Restructuring Cost and Reserve [Line Items]
Accrual Balance, at Beginning of Period			5.4
Restructuring costs, net			3.8
Payments			(3.1)
Foreign Currency and Other			(0.1)
Accrual Balance, at End of Period	$ 6		$ 6

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015Segment
Reportable business segments	4

Segment Information (Detail)

Segment Information (Detail) - Entity [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 2,005.7	$ 1,975.1	$ 3,737.2	$ 3,706.9
Segment earnings (loss)	258.7	258.5	357.7	384.8
Fair market value adjustment to inventory		(1.3)		(1.3)
Restructuring costs, net	(1.9)	(2.3)	(4.5)	(2.6)
Acquisition-related and other costs	(17.7)	(8.1)	(36.8)	(21.3)
Depreciation and amortization	(49.5)	(47.1)	(97)	(92.7)
Operating earnings (loss)	189.6	190.1	158.8	253.3
Total assets	10,681.7		10,681.7		$ 10,799.3
Venezuela
Segment Reporting Information [Line Items]
Venezuela-related charges		(9.6)	(60.6)	(13.6)
Total Operating Segments
Segment Reporting Information [Line Items]
Net sales	2,005.7	1,975.1	3,737.2	3,706.9
Segment earnings (loss)	284.5	279.3	440.9	458.4
Fair market value adjustment to inventory		(1.3)		(1.3)
Restructuring costs, net	(1.9)	(2.3)	(2.5)	(2.6)
Acquisition-related and other costs	(16.5)	(7.6)	(33.8)	(20.8)
Depreciation and amortization	(47.8)	(45.7)	(93.9)	(90)
Operating earnings (loss)	218.3	222.4	310.7	343.7
Total assets	10,020.3		10,020.3
Total Operating Segments | Branded Consumables
Segment Reporting Information [Line Items]
Net sales	677.3	684.4	1,322.6	1,306.2
Segment earnings (loss)	115.9	105.5	190.5	180.5
Restructuring costs, net	(1.9)		(2.5)
Acquisition-related and other costs	(5.5)	(1.4)	(9.9)	(6.4)
Depreciation and amortization	(21.3)	(21.9)	(41.8)	(41.9)
Operating earnings (loss)	87.2	82.2	136.3	132.2
Total assets	4,331.1		4,331.1
Total Operating Segments | Consumer Solutions
Segment Reporting Information [Line Items]
Net sales	473.6	445.6	852.8	789.6
Segment earnings (loss)	64.2	55.3	94.3	91.8
Fair market value adjustment to inventory		(1.3)		(1.3)
Restructuring costs, net		(0.7)		(1)
Acquisition-related and other costs	(4.5)	(1)	(9.2)	(4)
Depreciation and amortization	(9.3)	(6.7)	(19)	(14.4)
Operating earnings (loss)	50.4	45.6	66.1	71.1
Total assets	2,466.1		2,466.1
Total Operating Segments | Outdoor Solutions
Segment Reporting Information [Line Items]
Net sales	753.3	754.9	1,378.2	1,439
Segment earnings (loss)	84.9	100.2	125.3	155.5
Restructuring costs, net		(1.6)		(1.6)
Acquisition-related and other costs	(6.5)	(5.2)	(14.7)	(10.4)
Depreciation and amortization	(14.2)	(14.3)	(27.3)	(28.1)
Operating earnings (loss)	64.2	79.1	83.3	115.4
Total assets	3,009.9		3,009.9
Total Operating Segments | Process Solutions
Segment Reporting Information [Line Items]
Net sales	124.6	111.8	228.7	214.1
Segment earnings (loss)	19.5	18.3	30.8	30.6
Depreciation and amortization	(3)	(2.8)	(5.8)	(5.6)
Operating earnings (loss)	16.5	15.5	25	25
Total assets	213.2		213.2
Total Operating Segments | Intercompany Eliminations
Segment Reporting Information [Line Items]
Net sales	(23.1)	(21.6)	(45.1)	(42)
Corporate/ Unallocated
Segment Reporting Information [Line Items]
Segment earnings (loss)	(25.8)	(20.8)	(83.2)	(73.6)
Restructuring costs, net			(2)
Acquisition-related and other costs	(1.2)	(0.5)	(3)	(0.5)
Depreciation and amortization	(1.7)	(1.4)	(3.1)	(2.7)
Operating earnings (loss)	(28.7)	(32.3)	(151.9)	(90.4)
Total assets	$ 661.4		661.4
Corporate/ Unallocated | Venezuela
Segment Reporting Information [Line Items]
Venezuela-related charges		$ (9.6)	$ (60.6)	$ (13.6)

Accumulated Other Comprehensi62

Accumulated Other Comprehensive Income Activity (Detail) - Entity [Domain] - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			$ (180.7)
OCI excluding reclassifications			(69.7)
Reclassifications to earnings			(11.4)
Subtotal OCI, net of tax	$ 10.5	$ 11.5	(81.1)	$ 3.2
Ending Balance	(261.8)		(261.8)
Accrued Benefit Cost
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(54.6)
OCI excluding reclassifications			0.6
Reclassifications to earnings			2.2
Subtotal OCI, net of tax			2.8
Ending Balance	(51.8)		(51.8)
Derivative Financial Instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			13.4
OCI excluding reclassifications			5.8
Reclassifications to earnings			(13.6)
Subtotal OCI, net of tax			(7.8)
Ending Balance	5.6		5.6
Cumulative Translation Adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance			(139.5)
OCI excluding reclassifications			(76.1)
Reclassifications to earnings			0
Subtotal OCI, net of tax			(76.1)
Ending Balance	$ (215.6)		$ (215.6)

Accumulated Other Comprehensi63

Accumulated Other Comprehensive Income (Loss) - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Benefit plans expenses reclassified from accumulated OCI to income	$ 1.7	$ 1.1	$ 3.4	$ 2.3
Gain/(Loss), Reclassified from AOCI to Income	$ 11.2	$ 2.2	$ 18.6	$ 4.2

Income Tax Provision Benefit Al

Income Tax Provision Benefit Allocated to Components of Other Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Tax Components Of Other Comprehensive Income Loss [Line Items]
Cumulative translation adjustment	$ 3.3		$ (8.7)
Derivative financial instruments	3.7	$ 2.3	2.9	$ 3.1
Accrued benefit cost	(0.4)	(0.4)	(1.5)	(0.8)
Unrealized gain on investment		(1.5)		(1.5)
Income tax (provision) benefit related to OCI	$ 6.6	$ 0.4	$ (7.3)	$ 0.8

Condensed Consolidating Results

Condensed Consolidating Results of Operations (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Condensed Income Statements, Captions [Line Items]
Net sales	$ 2,005.7	$ 1,975.1	$ 3,737.2	$ 3,706.9
Cost of sales	1,398.2	1,373.1	2,629.2	2,590.5
Gross profit	607.5	602	1,108	1,116.4
Selling, general and administrative expenses	416	409.6	944.7	860.5
Restructuring costs, net	1.9	2.3	4.5	2.6
Operating earnings (loss)	189.6	190.1	158.8	253.3
Interest expense, net	51.9	52.9	104.8	106.9
Loss on early extinguishment of debt		54.4		54.4
Income (loss) before taxes and equity earnings of subsidiaries	137.7	82.8	54	92
Income tax provision (benefit)	51.8	30.7	23.6	36.2
Net income (loss)	85.9	52.1	30.4	55.8
Other comprehensive income (loss), net of tax	10.5	11.5	(81.1)	3.2
Comprehensive income (loss)	96.4	63.6	(50.7)	59
Eliminations
Condensed Income Statements, Captions [Line Items]
Net sales	(206.5)	(206.5)	(383.7)	(397.9)
Cost of sales	(206.5)	(206.5)	(383.7)	(397.9)
Equity earnings of subsidiaries	(161.9)	(157.9)	(159.6)	(236.1)
Net income (loss)	(161.9)	(157.9)	(159.6)	(236.1)
Other comprehensive income (loss), net of tax	(28.4)	(25.9)	100.9	(12.8)
Comprehensive income (loss)	(190.3)	(183.8)	(58.7)	(248.9)
Parent Company
Condensed Income Statements, Captions [Line Items]
Selling, general and administrative expenses	23.9	11	85.7	64.8
Restructuring costs, net			2
Operating earnings (loss)	(23.9)	(11)	(87.7)	(64.8)
Interest expense, net	33.6	34.4	67.8	70.6
Loss on early extinguishment of debt		54.4		54.4
Income (loss) before taxes and equity earnings of subsidiaries	(57.5)	(99.8)	(155.5)	(189.8)
Income tax provision (benefit)	(21.8)	(37)	(58.9)	(71.3)
Equity earnings of subsidiaries	121.6	114.9	127	174.3
Net income (loss)	85.9	52.1	30.4	55.8
Other comprehensive income (loss), net of tax	10.5	11.5	(81.1)	3.2
Comprehensive income (loss)	96.4	63.6	(50.7)	59
Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Net sales	1,446.1	1,367.1	2,684.1	2,550.2
Cost of sales	1,039.1	991	1,943.9	1,857.4
Gross profit	407	376.1	740.2	692.8
Selling, general and administrative expenses	264.1	256.7	562.8	505.6
Restructuring costs, net	1.5		1.5
Operating earnings (loss)	141.4	119.4	175.9	187.2
Interest expense, net	16.3	16.3	32.5	32.5
Income (loss) before taxes and equity earnings of subsidiaries	125.1	103.1	143.4	154.7
Income tax provision (benefit)	47.4	38.9	54.3	58.5
Equity earnings of subsidiaries	40.3	43	32.6	61.8
Net income (loss)	118	107.2	121.7	158
Other comprehensive income (loss), net of tax	10.9	12.7	(38.4)	6.7
Comprehensive income (loss)	128.9	119.9	83.3	164.7
Non-Guarantor Subsidiaries
Condensed Income Statements, Captions [Line Items]
Net sales	766.1	814.5	1,436.8	1,554.6
Cost of sales	565.6	588.6	1,069	1,131
Gross profit	200.5	225.9	367.8	423.6
Selling, general and administrative expenses	128	141.9	296.2	290.1
Restructuring costs, net	0.4	2.3	1	2.6
Operating earnings (loss)	72.1	81.7	70.6	130.9
Interest expense, net	2	2.2	4.5	3.8
Income (loss) before taxes and equity earnings of subsidiaries	70.1	79.5	66.1	127.1
Income tax provision (benefit)	26.2	28.8	28.2	49
Net income (loss)	43.9	50.7	37.9	78.1
Other comprehensive income (loss), net of tax	17.5	13.2	(62.5)	6.1
Comprehensive income (loss)	$ 61.4	$ 63.9	$ (24.6)	$ 84.2

Condensed Consolidating Balance

Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 729.9	$ 1,164.8	$ 665.3	$ 1,128.5
Accounts receivable	1,256.5	1,277.9
Inventories	1,884	1,504.7
Other current assets	386.7	370.6
Total current assets	4,257.1	4,318
Property, plant and equipment, net	810.4	849.9
Goodwill	2,885.2	2,880.2
Intangibles, net	2,579	2,598.5
Other non-current assets	150	152.7
Total assets	10,681.7	10,799.3
Short-term debt and current portion of long-term debt	588.5	594.9
Accounts payable	800.1	809.9
Other current liabilities	597.3	672.4
Total current liabilities	1,985.9	2,077.2
Long-term debt	4,437	4,464
Deferred taxes on income	1,228.7	1,222.1
Other non-current liabilities	439.7	426.7
Total stockholders' equity	2,590.4	2,609.3
Total liabilities and stockholders' equity	10,681.7	10,799.3
Eliminations
Condensed Balance Sheet Statements, Captions [Line Items]
Intercompany receivables	(7,370)	(13,947.5)
Investment in subsidiaries	(9,088)	(9,140.4)
Total assets	(16,458)	(23,087.9)
Intercompany payables	(7,370)	(13,947.5)
Total stockholders' equity	(9,088)	(9,140.4)
Total liabilities and stockholders' equity	(16,458)	(23,087.9)
Parent Company
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	377	728.8	279.1	630.8
Other current assets	33.3	38.3
Total current assets	410.3	767.1
Property, plant and equipment, net	53.2	47
Intercompany receivables	2,875	4,641.2
Investment in subsidiaries	7,171.8	7,111.3
Other non-current assets	50.4	56.4
Total assets	10,560.7	12,623
Short-term debt and current portion of long-term debt	47	47
Accounts payable	3	8.7
Other current liabilities	61.4	63.6
Total current liabilities	111.4	119.3
Long-term debt	4,416.4	4,442
Intercompany payables	3,148.1	5,197.4
Deferred taxes on income	120.4	100.4
Other non-current liabilities	174	154.6
Total stockholders' equity	2,590.4	2,609.3
Total liabilities and stockholders' equity	10,560.7	12,623
Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	5.2	9.3	8.1	13.5
Accounts receivable	4.4	1.2
Inventories	1,180.8	919.4
Other current assets	238.7	161.7
Total current assets	1,429.1	1,091.6
Property, plant and equipment, net	466.1	456.5
Goodwill	2,572.2	2,572
Intangibles, net	2,345.4	2,350.7
Intercompany receivables	2,385	4,758.6
Investment in subsidiaries	1,916.2	2,029.1
Other non-current assets	26.3	26.9
Total assets	11,140.3	13,285.4
Short-term debt and current portion of long-term debt	1.5	1.6
Accounts payable	524	529.8
Other current liabilities	304	337.4
Total current liabilities	829.5	868.8
Long-term debt	3.5	4.2
Intercompany payables	1,877	4,044
Deferred taxes on income	1,028.1	1,039.3
Other non-current liabilities	149.2	160.5
Total stockholders' equity	7,253	7,168.6
Total liabilities and stockholders' equity	11,140.3	13,285.4
Non-Guarantor Subsidiaries
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	347.7	426.7	$ 378.1	$ 484.2
Accounts receivable	1,252.1	1,276.7
Inventories	703.2	585.3
Other current assets	114.7	170.6
Total current assets	2,417.7	2,459.3
Property, plant and equipment, net	291.1	346.4
Goodwill	313	308.2
Intangibles, net	233.6	247.8
Intercompany receivables	2,110	4,547.7
Other non-current assets	73.3	69.4
Total assets	5,438.7	7,978.8
Short-term debt and current portion of long-term debt	540	546.3
Accounts payable	273.1	271.4
Other current liabilities	231.9	271.4
Total current liabilities	1,045	1,089.1
Long-term debt	17.1	17.8
Intercompany payables	2,344.9	4,706.1
Deferred taxes on income	80.2	82.4
Other non-current liabilities	116.5	111.6
Total stockholders' equity	1,835	1,971.8
Total liabilities and stockholders' equity	$ 5,438.7	$ 7,978.8

Condensed Consolidating Stateme

Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net	$ (272)	$ (174.4)
Net change in short-term debt	(6.4)	34
Proceeds from issuance of long-term debt	4	691.6
Payments on long-term debt	(24.3)	(551)
Issuance (repurchase) of common stock, net	(33.5)	(269.8)
Excess tax benefits from stock-based compensation	21.5	34.9
Other	(0.4)	(24.8)
Net cash provided by (used in) financing activities	(39.1)	(85.1)
Additions to property, plant and equipment	(97.7)	(99.3)
Acquisition of businesses, net of cash acquired	(33.2)	(108.4)
Other	39.1	4.8
Net cash provided by (used in) investing activities	(91.8)	(202.9)
Effect of exchange rate changes on cash	(32)	(0.8)
Net decrease in cash and cash equivalents	(434.9)	(463.2)
Cash and cash equivalents at beginning of period	1,164.8	1,128.5
Cash and cash equivalents at end of period	729.9	665.3
Eliminations
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net		(5.1)
(Payments on) proceeds from intercompany transactions	(4.6)	5.1
Net cash provided by (used in) financing activities	(4.6)	5.1
Intercompany investing activities, net	4.6
Net cash provided by (used in) investing activities	4.6
Parent Company
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net	(110.6)	(196)
(Payments on) proceeds from intercompany transactions	(200.3)	(41.8)
Proceeds from issuance of long-term debt	2	690
Payments on long-term debt	(23.5)	(549.9)
Issuance (repurchase) of common stock, net	(33.5)	(269.8)
Excess tax benefits from stock-based compensation	21.5	34.9
Other	1.8	(16.6)
Net cash provided by (used in) financing activities	(232)	(153.2)
Additions to property, plant and equipment	(9.2)	(2.5)
Net cash provided by (used in) investing activities	(9.2)	(2.5)
Net decrease in cash and cash equivalents	(351.8)	(351.7)
Cash and cash equivalents at beginning of period	728.8	630.8
Cash and cash equivalents at end of period	377	279.1
Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net	(97.1)	71.8
Net change in short-term debt	(0.3)
(Payments on) proceeds from intercompany transactions	173.8	(13.4)
Proceeds from issuance of long-term debt		0.2
Payments on long-term debt	(0.5)	(0.7)
Other	(0.4)	(7.6)
Net cash provided by (used in) financing activities	172.6	(21.5)
Additions to property, plant and equipment	(66.3)	(54.5)
Acquisition of businesses, net of cash acquired	(7.1)
Intercompany investing activities, net	(4.6)
Other	(1.6)	(1.2)
Net cash provided by (used in) investing activities	(79.6)	(55.7)
Net decrease in cash and cash equivalents	(4.1)	(5.4)
Cash and cash equivalents at beginning of period	9.3	13.5
Cash and cash equivalents at end of period	5.2	8.1
Non-Guarantor Subsidiaries
Condensed Cash Flow Statements, Captions [Line Items]
Net cash provided by (used in) operating activities, net	(64.3)	(45.1)
Net change in short-term debt	(6.1)	34
(Payments on) proceeds from intercompany transactions	31.1	50.1
Proceeds from issuance of long-term debt	2	1.4
Payments on long-term debt	(0.3)	(0.4)
Other	(1.8)	(0.6)
Net cash provided by (used in) financing activities	24.9	84.5
Additions to property, plant and equipment	(22.2)	(42.3)
Acquisition of businesses, net of cash acquired	(26.1)	(108.4)
Other	40.7	6
Net cash provided by (used in) investing activities	(7.6)	(144.7)
Effect of exchange rate changes on cash	(32)	(0.8)
Net decrease in cash and cash equivalents	(79)	(106.1)
Cash and cash equivalents at beginning of period	426.7	484.2
Cash and cash equivalents at end of period	$ 347.7	$ 378.1