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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 28, 2014	Jul. 26, 2014
Document and Entity Information
Entity Registrant Name	Avery Dennison Corp
Entity Central Index Key	0000008818
Document Type	10-Q
Document Period End Date	Jun. 28, 2014
Amendment Flag	false
Current Fiscal Year End Date	--01-03
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		93,729,991
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 28, 2014	Dec. 28, 2013
Current assets:
Cash and cash equivalents	$ 221.9	$ 351.6
Trade accounts receivable, less allowances of $31.6 at June 28, 2014 and December 28, 2013	1,114.6	1,016.5
Inventories, net	560.4	494.1
Current deferred and refundable income taxes	103.8	103.4
Assets held for sale	2.2	1.3
Other current assets	127.0	124.9
Total current assets	2,129.9	2,091.8
Property, plant and equipment	2,725.4	2,700.8
Accumulated depreciation	(1,820.1)	(1,778.3)
Property, plant and equipment, net	905.3	922.5
Goodwill	758.6	751.1
Other intangibles resulting from business acquisitions, net	83.4	96.0
Non-current deferred income taxes	250.7	263.4
Other assets	488.7	485.8
Total assets	4,616.6	4,610.6
Current liabilities:
Short-term borrowings and current portion of long-term debt and capital leases	227.5	76.9
Accounts payable	871.4	889.5
Current deferred and payable income taxes	18.8	49.3
Other current liabilities	505.0	538.4
Total current liabilities	1,622.7	1,554.1
Long-term debt and capital leases	945.2	950.6
Long-term retirement benefits and other liabilities	475.7	476.4
Non-current deferred and payable income taxes	143.9	137.3
Commitments and contingencies (see Note 15)
Shareholders' equity:
Common stock, $1 par value per share, authorized - 400,000,000 shares at June 28, 2014 and December 28, 2013; issued - 124,126,624 shares at June 28, 2014 and December 28, 2013; outstanding - 94,113,941 shares and 96,178,411 shares at June 28, 2014 and December 28, 2013, respectively	124.1	124.1
Capital in excess of par value	811.7	812.3
Retained earnings	2,063.4	2,009.1
Treasury stock at cost, 30,012,683 shares and 27,948,213 shares at June 28, 2014 and December 28, 2013, respectively	(1,291.5)	(1,172.2)
Accumulated other comprehensive loss	(278.6)	(281.1)
Total shareholders' equity	1,429.1	1,492.2
Total liabilities and shareholders' equity	$ 4,616.6	$ 4,610.6

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions	Jun. 28, 2014	Dec. 28, 2013
CONDENSED CONSOLIDATED BALANCE SHEETS
Trade accounts receivable, allowances (in dollars)	$ 31.6	$ 31.6
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized shares	400,000,000	400,000,000
Common stock, issued shares	124,126,624	124,126,624
Common stock, outstanding shares	94,113,941	96,178,411
Treasury stock, shares	30,012,683	27,948,213

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
CONSOLIDATED STATEMENTS OF INCOME
Net sales	$ 1,615.8	$ 1,552.3	$ 3,165.9	$ 3,051.2
Cost of products sold	1,187.6	1,134.8	2,330.5	2,232.0
Gross profit	428.2	417.5	835.4	819.2
Marketing, general and administrative expense	297.0	293.5	593.7	594.4
Interest expense	15.6	14.8	31.0	27.0
Other expense (income), net	38.5	(0.3)	45.8	7.2
Income from continuing operations before taxes	77.1	109.5	164.9	190.6
Provision for income taxes	32.7	38.7	48.9	53.0
Income from continuing operations	44.4	70.8	116.0	137.6
Loss from discontinued operations, net of tax	(1.9)	(2.0)	(2.3)	(11.0)
Net income	$ 42.5	$ 68.8	$ 113.7	$ 126.6
Net income (loss) per common share:
Continuing operations (in dollars per share)	$ 0.47	$ 0.71	$ 1.22	$ 1.38
Discontinued operations (in dollars per share)	(0.02)	(0.02)	(0.03)	(0.11)
Net income per common share (in dollars per share)	0.45	0.69	1.19	1.27
Net income (loss) per common share, assuming dilution:
Continuing operations (in dollars per share)	0.46	0.70	1.19	1.36
Discontinued operations (in dollars per share)	(0.02)	(0.02)	(0.02)	(0.11)
Net income per common share, assuming dilution (in dollars per share)	0.44	0.68	1.17	1.25
Dividends per common share (in dollars per share)	$ 0.35	$ 0.29	$ 0.64	$ 0.56
Average shares outstanding:
Common shares (in shares)	94.9	99.3	95.4	99.7
Common shares, assuming dilution (in shares)	96.7	100.8	97.3	101.3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 42.5	$ 68.8	$ 113.7	$ 126.6
Other comprehensive income (loss), before tax:
Foreign currency translation	(3.1)	(38.5)	(4.0)	(56.5)
Pension and other postretirement benefits	5.4	6.8	10.9	12.9
Cash flow hedges	(0.5)	0.6	(0.6)	1.5
Derivative financial instruments:
Other comprehensive income (loss), before tax	1.8	(31.1)	6.3	(42.1)
Income tax expense related to components of other comprehensive income (loss)	2.6	2.6	3.8	4.9
Other comprehensive (loss) income, net of tax	(0.8)	(33.7)	2.5	(47.0)
Total comprehensive income, net of tax	$ 41.7	$ 35.1	$ 116.2	$ 79.6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013
Operating Activities
Net income	$ 113.7	$ 126.6
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	66.0	69.5
Amortization	33.4	33.8
Provision for doubtful accounts and sales returns	9.8	9.5
Net loss (gain) from asset impairments and sale/disposal of assets	3.8	(9.2)
Stock-based compensation	14.5	17.6
Other non-cash expense and loss	25.9	28.2
Changes in assets and liabilities and other adjustments	(257.3)	(229.3)
Net cash provided by operating activities	9.8	46.7
Investing Activities
Purchases of property, plant and equipment	(67.5)	(49.9)
Purchases of software and other deferred charges	(14.4)	(24.6)
Proceeds from sale of property, plant and equipment	0.6	25.8
Sales of investments, net	0.1	0.1
Other		0.8
Net cash used in investing activities	(81.2)	(47.8)
Financing Activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	145.0	(77.3)
Additional borrowings (maturities longer than 90 days)		250.0
Payments of debt (maturities longer than 90 days)	(0.8)	(0.8)
Dividends paid	(60.9)	(55.7)
Share repurchases	(153.4)	(148.9)
Proceeds from exercise of stock options, net	18.4	32.4
Other	(2.7)	(8.1)
Net cash used in financing activities	(54.4)	(8.4)
Effect of foreign currency translation on cash balances	(3.9)	1.9
Cash and cash equivalents classified as held for sale		(16.2)
Decrease in cash and cash equivalents	(129.7)	(23.8)
Cash and cash equivalents, beginning of year	351.6	235.4
Cash and cash equivalents, end of period	$ 221.9	$ 211.6

General	6 Months Ended
General	Jun. 28, 2014
General
General	Note 1. General The unaudited Condensed Consolidated Financial Statements and notes in this Quarterly Report on Form 10-Q are presented as permitted by Article 10 of Regulation S-X and do not contain certain information included in the audited Consolidated Financial Statements and notes thereto in our 2013 Annual Report on Form 10-K, which should be read in conjunction with this Quarterly Report on Form 10-Q. The accompanying unaudited Condensed Consolidated Financial Statements include normal recurring adjustments necessary for a fair statement of our interim results. *Fiscal Period* The second quarters of 2014 and 2013 consisted of thirteen-week periods ending June 28, 2014 and June 29, 2013, respectively. The six months ended June 28, 2014 and June 29, 2013 consisted of twenty-six-week periods. The interim results of operations are not necessarily indicative of future results. *Financial Presentation* As discussed further in Note 2, “Discontinued Operations, Assets Held for Sale and Sale of Assets,” we have classified the operating results of our former Office and Consumer Products (“OCP”) and Designed and Engineered Solutions (“DES”) businesses, together with certain costs associated with their divestiture, as discontinued operations in the unaudited Consolidated Statements of Income for all periods presented. Unless otherwise noted, the results of discontinued operations have been excluded from the notes to our unaudited Condensed Consolidated Financial Statements. In the first quarter of 2014, we began reporting Vancive Medical Technologies as a reportable segment. This business was previously reported within a category entitled “other specialty converting businesses” and was the only business that comprised that category in the prior periods presented. Vancive Medical Technologies manufactures an array of pressure-sensitive adhesive products for surgical, wound care, ostomy, and electromedical applications. See Note 16, “Segment Information,” for more information.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

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+ Details

Discontinued Operations, Assets Held for Sale and Sale of Assets

6 Months Ended

Jun. 28, 2014

Discontinued Operations, Assets Held for Sale and Sale of Assets

Discontinued Operations, Assets Held for Sale and Sale of Assets

Note 2. Discontinued Operations, Assets Held for Sale and Sale of Assets

Discontinued Operations

In July 2013, we completed the sale of our former OCP and DES businesses and entered into an amendment to the purchase agreement, which, among other things, increased the target net working capital amount and amended provisions related to employee matters and indemnification. We continue to be subject to certain indemnification provisions under the terms of the purchase agreement. In addition, the tax liability associated with the sale is subject to completion of tax return filings in the jurisdictions in which the OCP and DES businesses operated.

The results of these discontinued operations and loss on sale were as follows:

	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Net sales	$	–		$	218.7		$	–		$	380.6
Loss before taxes, including divestiture-related and restructuring costs	$	–		$	(4.1	)	$	–		$	(14.7	)
Benefit from income taxes	–			2.1			–			3.7
Loss from discontinued operations, net of tax before loss on sale	–			(2.0		)	–			(11.0		)
Loss on sale before taxes	(1.9		)	–			(2.6		)	–
Tax benefit from loss on sale	–			–			.3			–
Loss from discontinued operations, net of tax	$	(1.9	)	$	(2.0	)	$	(2.3	)	$	(11.0	)

Loss from discontinued operations, net of tax, in both the second quarter and first six months of 2014 included costs related to the resolution of certain post-closing adjustments.

Loss from discontinued operations, net of tax, in both the second quarter and first six months of 2013 included curtailment and settlement losses associated with certain U.S. pension plans. Refer to Note 6, “Pension and Other Postretirement Benefits,” for further information.

Net sales from continuing operations to discontinued operations were $24.4 million and $44 million for the three and six months ended June 29, 2013, respectively. These sales have been included in “Net sales” in the unaudited Consolidated Statements of Income.

Assets Held for Sale and Sale of Assets

We classified certain properties and equipment that we are in the process of selling as “held for sale” in the unaudited Condensed Consolidated Balance Sheets at June 28, 2014 and December 28, 2013.

In April 2013, we sold the property and equipment of our former corporate headquarters in Pasadena, California for approximately $20 million and recognized a pre-tax gain of $10.9 million in “Other expense (income), net” in the unaudited Consolidated Statements of Income.

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

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+ Details

Inventories

6 Months Ended

Jun. 28, 2014

Inventories

Inventories

Note 3. Inventories

Net inventories consisted of:

(In millions)	June 28, 2014		December 28, 2013
Raw materials	$	218.5	$	196.3
Work-in-progress	176.8		149.0
Finished goods	165.1		148.8
Inventories, net	$	560.4	$	494.1

Goodwill and Other Intangibles Resulting from Business Acquisitions

6 Months Ended

Jun. 28, 2014

Goodwill and Other Intangibles Resulting from Business Acquisitions

Goodwill and Other Intangibles Resulting from Business Acquisitions

Note 4. Goodwill and Other Intangibles Resulting from Business Acquisitions

Goodwill

Changes in the net carrying amount of goodwill for the six months ended June 28, 2014, by reportable segment, were as follows:

(In millions)	Pressure-sensitive Materials		Retail Branding and Information Solutions			Total
Goodwill as of December 28, 2013	$	334.4	$	416.7		$	751.1
Acquisition adjustments(1)	.4		6.9			7.3
Translation adjustments	.4		(.2		)	.2
Goodwill as of June 28, 2014	$	335.2	$	423.4		$	758.6

(1) Acquisition adjustments related to deferred taxes from previous acquisitions. See Note 11, “Taxes Based on Income,” for more information.

The carrying amounts of goodwill at June 28, 2014 and December 28, 2013 were net of accumulated impairment losses of $820 million, which were reported in the Retail Branding and Information Solutions segment.

There is no goodwill associated with the Vancive Medical Technologies reportable segment.

Indefinite-Lived Intangible Assets

The carrying value of indefinite-lived intangible assets resulting from business acquisitions, consisting of trademarks, was $11 million and $10.9 million at June 28, 2014 and December 28, 2013, respectively.

Finite-Lived Intangible Assets

The following table sets forth our finite-lived intangible assets resulting from business acquisitions at June 28, 2014 and December 28, 2013, which continue to be amortized:

	June 28, 2014			December 28, 2013
(In millions)	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Customer relationships	$ 234.3	$ 175.2	$ 59.1	$ 234.1	$ 164.6	$ 69.5
Patents and other acquired technology	49.0	40.6	8.4	48.9	38.3	10.6
Trade names and trademarks	26.1	22.5	3.6	26.2	22.5	3.7
Other intangibles	12.6	11.3	1.3	12.4	11.1	1.3
Total	$ 322.0	$ 249.6	$ 72.4	$ 321.6	$ 236.5	$ 85.1

Amortization expense from continuing operations for finite-lived intangible assets resulting from business acquisitions was $6.3 million and $12.9 million for the three and six months ended June 28, 2014, respectively, and $7.4 million and $14.9 million for the three and six months ended June 29, 2013, respectively.

The estimated amortization expense from continuing operations for finite-lived intangible assets resulting from business acquisitions for the remainder of the current fiscal year and each of the next four fiscal years is expected to be as follows:

(In millions)	Estimated Amortization Expense
Remainder of 2014	$	11.5
2015	21.0
2016	19.4
2017	9.8
2018	2.5

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt	6 Months Ended
Debt	Jun. 28, 2014
Debt
Debt	Note 5. Debt The estimated fair value of our long-term debt is primarily based on the credit spread above U.S. Treasury securities on notes with similar rates, credit ratings, and remaining maturities. The fair value of short-term borrowings, which include commercial paper and short-term lines of credit, approximates carrying value given the short duration of these obligations. The fair value of our total debt was $1.24 billion at June 28, 2014 and $1.06 billion at December 28, 2013. Fair value amounts were determined primarily based on Level 2 inputs. Our various loan agreements require that we maintain specified financial covenant ratios of total debt and interest expense in relation to certain measures of income. As of June 28, 2014, we were in compliance with our financial covenants.

Pension and Other Postretirement Benefits

6 Months Ended

Jun. 28, 2014

Pension and Other Postretirement Benefits

Pension and Other Postretirement Benefits

Note 6. Pension and Other Postretirement Benefits

Defined Benefit Plans

We sponsor a number of defined benefit plans, the benefits under some of which have been frozen, covering eligible employees in the U.S. and certain other countries. Benefits payable to an employee are based primarily on years of service and the employee’s compensation during the course of his or her employment with us. While we have not expressed any intent to terminate these plans, we may do so at any time, subject to applicable laws and regulations.

We are also obligated to pay unfunded termination indemnity benefits to certain employees outside of the U.S., which are subject to applicable agreements, local laws and regulations. We have not incurred significant costs related to termination indemnity arrangements, and therefore, no related costs are included in the disclosures below.

The following tables set forth the components of net periodic benefit cost (credit), which are recorded in income from continuing operations, for our defined benefit plans:

	Pension Benefits
	Three Months Ended												Six Months Ended
	June 28, 2014						June 29, 2013						June 28, 2014						June 29, 2013
(In millions)	U.S.			Int’l			U.S.			Int’l			U.S.			Int’l			U.S.			Int’l
Service cost	$	.1		$	3.2		$	.1		$	3.0		$	.2		$	6.7		$	.2		$	6.1
Interest cost	11.4			6.2			9.5			5.6			22.4			12.2			19.0			11.4
Expected return on plan assets	(13.0		)	(6.5		)	(11.7		)	(5.5		)	(26.0		)	(13.0		)	(23.4		)	(11.1		)
Recognized net actuarial loss	4.2			1.3			4.8			1.6			8.1			2.6			9.7			3.1
Amortization of prior service cost	.3			.1			.1			.1			.6			.2			.2			.2
Amortization of transition asset	–			–			–			(.1		)	–			–			–			(.1		)
Recognized loss on curtailment (1)	–			.6			–			–			–			.6			–			–
Net periodic benefit cost	$	3.0		$	4.9		$	2.8		$	4.7		$	5.3		$	9.3		$	5.7		$	9.6

(1) Recognized loss on curtailment related to a pension plan in the Netherlands and was recorded in “Other expense (income), net” in the unaudited Consolidated Statements of Income.

	U.S. Postretirement Health Benefits
	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Interest cost	$	.1		$	–		$	.1		$	.1
Recognized net actuarial loss	.7			.6			1.4			1.3
Amortization of prior service credit	(.8		)	(1.2		)	(1.6		)	(2.4		)
Net periodic benefit credit	$	–		$	(.6	)	$	(.1	)	$	(1.0	)

During the three months ended June 29, 2013, in connection with the sale of our OCP and DES businesses, we recognized curtailment and settlement losses of $10.4 million associated with certain U.S. pension plans. These losses were recorded in “Loss from discontinued operations, net of tax” in the unaudited Consolidated Statements of Income. Refer to Note 2, “Discontinued Operations, Assets Held for Sale and Sale of Assets,” for more information on the sale.

We make contributions to our defined benefit plans sufficient to meet the minimum funding requirements of applicable laws and regulations, plus additional amounts, if any, we determine to be appropriate. We contributed $2.4 million and $18.5 million to our U.S. pension plans during the six months ended June 28, 2014 and June 29, 2013, respectively. We contributed $.9 million and $1.1 million to our U.S. postretirement health benefit plan during the six months ended June 28, 2014 and June 29, 2013, respectively. We contributed approximately $11 million and $10 million to our international pension plans during the six months ended June 28, 2014 and June 29, 2013, respectively. All of the contributions made in the first six months of 2014 and 2013 were made to meet minimum funding requirements.

Defined Contribution Plans

We sponsor various defined contribution plans worldwide, with the largest plan being the Avery Dennison Corporation Employee Savings Plan (“Savings Plan”), a 401(k) plan available to our U.S. employees. We recognized expense from continuing operations of $5 million and $11 million during the three and six months ended June 28, 2014, respectively, and $4.9 million and $11.5 million during the three and six months ended June 29, 2013, respectively, related to our employer contributions and employer match of participant contributions to the Savings Plan.

Research and Development	6 Months Ended
Research and Development	Jun. 28, 2014
Research and Development
Research and Development	Note 7. Research and Development Research and development expense from continuing operations was $26.9 million and $51.9 million for the three and six months ended June 28, 2014, respectively, and $25.1 million and $48.6 million for the three and six months ended June 29, 2013, respectively. This expense was included in “Marketing, general and administrative expense” in the unaudited Consolidated Statements of Income.

- Definition

The entire disclosure for research, development, and computer software activities, including contracts and arrangements to be performed for others and with federal government. Includes costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility and in-process research and development acquired in a business combination consummated during the period.

+ References + Details

Long-Term Incentive Compensation	6 Months Ended
Long-Term Incentive Compensation	Jun. 28, 2014
Long-Term Incentive Compensation
Long-Term Incentive Compensation	Note 8. Long-Term Incentive Compensation *Equity Awards* Stock-based compensation expense from continuing operations was $8.5 million and $14.5 million for the three and six months ended June 28, 2014, respectively, and $7.8 million and $15.7 million for the three and six months ended June 29, 2013, respectively. This expense was included in “Marketing, general and administrative expense” in the unaudited Consolidated Statements of Income. As of June 28, 2014, we had approximately $47 million of unrecognized compensation expense from continuing operations related to unvested stock-based awards, which is expected to be recognized over the remaining weighted-average requisite service period of approximately two years. *Cash Awards* The compensation expense from continuing operations related to cash-based awards was $4.6 million and $9.9 million for the three and six months ended June 28, 2014, respectively, and $1.6 million and $4.3 million for the three and six months ended June 29, 2013, respectively. This expense was included in “Marketing, general and administrative expense” in the unaudited Consolidated Statements of Income.

Cost Reduction Actions

6 Months Ended

Jun. 28, 2014

Cost Reduction Actions

Cost Reduction Actions

Note 9. Cost Reduction Actions

2014 Actions

During the six months ended June 28, 2014, we recorded $45.9 million in restructuring charges, net of reversals, related to restructuring actions we initiated in 2014 (“2014 Actions”), primarily related to the consolidation of certain European operations. These charges consisted of severance and related costs for the reduction of approximately 970 positions and asset impairment charges. Approximately 240 employees impacted by our 2014 Actions remained employed with us as of June 28, 2014. We expect payments to be completed and savings to be realized relating to our 2014 Actions by the end of 2015.

2012 Program

In 2013, we recorded $40.3 million in restructuring charges, net of reversals, related to the restructuring program we initiated in 2012 (“2012 Program”), which consisted of severance and related costs for the reduction of approximately 1,400 positions, lease and other contract cancellation costs, and asset impairment charges. We expect payments related to the 2012 Program to be completed by the end of 2014.

Accruals for severance and related costs and lease and other contract cancellation costs were included in “Other current liabilities” in the unaudited Condensed Consolidated Balance Sheets. For assets that were not disposed of, impairments were based on the estimated market value of the assets. Restructuring costs were included in “Other expense (income), net” in the unaudited Consolidated Statements of Income.

During the six months ended June 28, 2014, restructuring charges and payments were as follows:

(In millions)	Accrual at December 28, 2013		Charges (Reversals), net			Cash Payments			Non-cash Impairment			Foreign Currency Translation		Accrual at June 28, 2014
2014 Actions
Severance and related costs	$	–	$	43.0		$	(10.0	)	$	–		$	–	$	33.0
Asset impairment charges	–		2.9			–			(2.9		)	–		–
2012 Program
Severance and related costs	6.6		(.1		)	(5.3		)	–			–		1.2
Lease and other contract cancellation costs	.2		–			(.1		)	–			–		.1
Total	$	6.8	$	45.8		$	(15.4	)	$	(2.9	)	$	–	$	34.3

The table below shows the total amount of restructuring costs incurred by reportable segment and Corporate. Restructuring costs were included in “Other expense (income), net” in the unaudited Consolidated Statements of Income.

	Three Months Ended				Six Months Ended
(In millions)	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Restructuring costs by reportable segment and Corporate
Pressure-sensitive Materials	$	32.3	$	1.7	$	33.6	$	5.3
Retail Branding and Information Solutions	6.2		6.0		12.2		10.3
Vancive Medical Technologies	–		–		–		–
Corporate	–		.1		–		.3
	$	38.5	$	7.8	$	45.8	$	15.9

Financial Instruments

6 Months Ended

Jun. 28, 2014

Financial Instruments

Financial Instruments

Note 10. Financial Instruments

We enter into foreign exchange hedge contracts to reduce our risk from exchange rate fluctuations associated with receivables, payables, loans and firm commitments denominated in certain foreign currencies that arise primarily as a result of our operations outside the U.S. We also enter into futures contracts to hedge certain price fluctuations for a portion of our anticipated domestic purchases of natural gas. The maximum length of time for which we hedge our exposure to the variability in future cash flows for forecasted transactions is 36 months. We may enter into interest rate contracts to help manage our exposure to certain interest rate fluctuations.

As of June 28, 2014, the aggregate U.S. dollar equivalent notional value of our outstanding commodity contracts and foreign exchange contracts was $5.1 million and $1.9 billion, respectively.

We recognize all derivative instruments as either assets or liabilities at fair value in the unaudited Condensed Consolidated Balance Sheets. We designate commodity forward contracts on forecasted purchases of commodities and foreign exchange contracts on forecasted transactions as cash flow hedges and foreign exchange contracts on existing balance sheet items as fair value hedges.

The following table provides the fair value and balance sheet locations of derivatives as of June 28, 2014:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	3.8	Other current liabilities	$	10.4
Commodity contracts	Other current assets	.1		Other current liabilities	–
		$	3.9		$	10.4

The following table provides the fair value and balance sheet locations of derivatives as of December 28, 2013:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	3.1	Other current liabilities	$	4.7
Commodity contracts	Other current assets	.1		Other current liabilities	–
		$	3.2		$	4.7

Fair Value Hedges

For derivative instruments that are designated and qualify as fair value hedges, the gain or loss on the derivative and the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current earnings, resulting in no net material impact to income.

The following table provides the components of gain (loss) recognized in income related to fair value hedge contracts. The corresponding gains or losses on the underlying hedged items approximated the net gain (loss) on these fair value hedge contracts.

		Three Months Ended						Six Months Ended
(In millions)	Location of Gain (Loss) in Income	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Foreign exchange contracts	Cost of products sold	$	(2.1	)	$	(1.4	)	$	(3.0	)	$	.3
Foreign exchange contracts	Marketing, general and administrative expense	(3.5		)	10.4			(2.5		)	(17.3		)
		$	(5.6	)	$	9.0		$	(5.5	)	$	(17.0	)

Cash Flow Hedges

For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of “Accumulated other comprehensive loss” and reclassified into earnings in the same period(s) during which the hedged transaction affects earnings. Gains and losses on the derivative, representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness, are recognized in current earnings.

Gains (losses) recognized in “Accumulated other comprehensive loss” (effective portion) on derivatives related to cash flow hedge contracts were as follows:

	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Foreign exchange contracts	$	(1.9	)	$	.3		$	(2.2	)	$	.8
Commodity contracts	(.2		)	(.2		)	.2			(.7		)
	$	(2.1	)	$	.1		$	(2.0	)	$	.1

The amounts of gain or loss recognized in income related to the ineffective portion of, and the amounts excluded from, effectiveness testing for cash flow hedges and derivatives not designated as hedging instruments were not material for the three and six months ended June 28, 2014 and June 29, 2013, respectively.

As of June 28, 2014, we expected a net loss of $.3 million to be reclassified from “Accumulated other comprehensive loss” to earnings within the next 12 months. See Note 13, “Comprehensive Income,” for more information.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Taxes Based on Income

6 Months Ended

Jun. 28, 2014

Taxes Based on Income

Taxes Based on Income

Note 11. Taxes Based on Income

The following table summarizes our income from continuing operations before taxes, provision for income taxes from continuing operations, and effective tax rate:

	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Income from continuing operations before taxes	$	77.1		$	109.5		$	164.9		$	190.6
Provision for income taxes	32.7			38.7			48.9			53.0
Effective tax rate	42.4		%	35.3		%	29.7		%	27.8		%

The effective tax rate for the three and six months ended June 28, 2014 included a net tax expense of $5.8 million and a net tax benefit of $3.7 million, respectively, as a result of changes in certain tax reserves and valuation allowances. Both the three and six months ended June 28, 2014 included $6.1 million of tax expense from an out-of-period adjustment to properly reflect the valuation allowance related to state deferred tax assets and $6 million of tax expense related to our change in estimate of the potential outcome of uncertain tax issues in China. These expense items were offset by tax benefits of $6.3 million and $15.8 million in the three and six months ended June 28, 2014, respectively, due primarily to the closing of tax years. Additionally, the effective tax rate for the six months ended June 28, 2014 included $4.8 million of tax benefit from out-of-period adjustments to properly reflect deferred taxes related to acquisitions completed in 2002 and 2003. The impact of the out-of-period adjustments was not material to the periods reported and any previous financial statements.

The effective tax rate for the three and six months ended June 29, 2013 included a tax expense of $1.4 million and a net tax benefit of $3.7 million, respectively, for revaluation of deferred tax balances due to changes in certain foreign statutory tax rates. Additionally, the effective tax rate for the six months ended June 29, 2013 included net tax benefits of $8.9 million related to changes in tax law, including $4.2 million of tax benefit attributable to the retroactive reinstatement of the federal research and development tax credit.

The amount of income taxes we pay is subject to ongoing audits by taxing jurisdictions around the world. Our estimate of the potential outcome of any uncertain tax issue is subject to our assessment of relevant risks, facts, and circumstances existing at the time. We believe that we have adequately provided for reasonably foreseeable outcomes related to these matters. However, our future results may include favorable or unfavorable adjustments to our estimated tax liabilities in the period the assessments are made or resolved, which may impact our effective tax rate. With some exceptions, we and our subsidiaries are no longer subject to income tax examinations by tax authorities for years prior to 2006.

It is reasonably possible that, during the next 12 months, we may realize a decrease in our uncertain tax positions, including interest and penalties, of approximately $17 million, primarily as a result of closing tax years.

Net Income Per Share

6 Months Ended

Jun. 28, 2014

Net Income Per Share

Net Income Per Share

Note 12. Net Income Per Share

Net income per common share was computed as follows:

		Three Months Ended						Six Months Ended
(In millions, except per share amounts)		June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
(A)	Income from continuing operations	$	44.4		$	70.8		$	116.0		$	137.6
(B)	Loss from discontinued operations, net of tax	(1.9		)	(2.0		)	(2.3		)	(11.0		)
(C)	Net income available to common shareholders	$	42.5		$	68.8		$	113.7		$	126.6
(D)	Weighted-average number of common shares outstanding	94.9			99.3			95.4			99.7
	Dilutive shares (additional common shares issuable under stock-based awards)	1.8			1.5			1.9			1.6
(E)	Weighted-average number of common shares outstanding, assuming dilution	96.7			100.8			97.3			101.3
Net income (loss) per common share:
	Continuing operations (A) ÷ (D)	$	.47		$	.71		$	1.22		$	1.38
	Discontinued operations (B) ÷ (D)	(.02		)	(.02		)	(.03		)	(.11		)
Net income per common share (C) ÷ (D)		$	.45		$	.69		$	1.19		$	1.27
Net income (loss) per common share, assuming dilution:
	Continuing operations (A) ÷ (E)	$	.46		$	.70		$	1.19		$	1.36
	Discontinued operations (B) ÷ (E)	(.02		)	(.02		)	(.02		)	(.11		)
Net income per common share, assuming dilution (C) ÷ (E)		$	.44		$	.68		$	1.17		$	1.25

Certain stock-based compensation awards were not included in the computation of net income per common share, assuming dilution, because they would not have had a dilutive effect. Stock-based compensation awards excluded from the computation totaled approximately 3 million shares and 4 million shares for the three and six months ended June 28, 2014, respectively, and 5 million shares and 6 million shares for the three and six months ended June 29, 2013, respectively.

Comprehensive Income

6 Months Ended

Jun. 28, 2014

Comprehensive Income

Comprehensive Income

Note 13. Comprehensive Income

The changes in “Accumulated other comprehensive loss” (net of tax) for the six-month period ended June 28, 2014 were as follows:

(In millions)	Cash Flow Hedges			Pension and Other Postretirement Benefits			Foreign Currency Translation			Total
Balance as of December 28, 2013	$	(1.0	)	$	(418.1	)	$	138.0		$	(281.1	)
Other comprehensive loss before reclassifications, net of tax	(1.6		)	(1.0		)	(4.0		)	(6.6		)
Reclassifications to net income, net of tax	1.1			8.0			–			9.1
Net current-period other comprehensive (loss) income, net of tax	(.5		)	7.0			(4.0		)	2.5
Balance as of June 28, 2014	$	(1.5	)	$	(411.1	)	$	134.0		$	(278.6	)

The changes in “Accumulated other comprehensive loss” (net of tax) for the six-month period ended June 29, 2013 were as follows:

(In millions)	Cash Flow Hedges			Pension and Other Postretirement Benefits			Foreign Currency Translation			Total
Balance as of December 29, 2012	$	(2.0	)	$	(456.5	)	$	180.5		$	(278.0	)
Other comprehensive income (loss) before reclassifications, net of tax	1.0			–			(56.5		)	(55.5		)
Reclassifications to net income, net of tax	(.1		)	8.6			–			8.5
Net current-period other comprehensive income (loss), net of tax	.9			8.6			(56.5		)	(47.0		)
Balance as of June 29, 2013	$	(1.1	)	$	(447.9	)	$	124.0		$	(325.0	)

Amounts reclassified from “Accumulated other comprehensive loss” to increase (decrease) income from continuing operations were as follows:

	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013			Affected Line Item in the Statements Where Net Income is Presented
Cash flow hedges:
Foreign exchange contracts	$	(1.5	)	$	.3		$	(1.5	)	$	.8		Cost of products sold
Commodity contracts	.1			(.2		)	.2			(.7		)	Cost of products sold
	(1.4		)	.1			(1.3		)	.1			Total before tax
	.2			(.1		)	.2			(.1		)	Provision for income taxes
	(1.2		)	–			(1.1		)	–			Net of tax

Pension and other postretirement benefits (1)	(6.4		)	(5.9		)	(11.9		)	(12.0		)
	2.7			2.0			3.9			4.0			Provision for income taxes
	(3.7		)	(3.9		)	(8.0		)	(8.0		)	Net of tax
Total reclassifications for the period	$	(4.9	)	$	(3.9	)	$	(9.1	)	$	(8.0	)	Total, net of tax

(1) See Note 6, “Pension and Other Postretirement Benefits,” for more information.

The following table sets forth the income tax expense (benefit) allocated to each component of other comprehensive loss (income):

	Three Months Ended					Six Months Ended
(In millions)	June 28, 2014			June 29, 2013		June 28, 2014			June 29, 2013
Pension and other postretirement benefits	$	2.7		$	2.3	$	3.9		$	4.3
Cash flow hedges	(.1		)	.3		(.1		)	.6
Income tax expense related to components of other comprehensive loss (income)	$	2.6		$	2.6	$	3.8		$	4.9

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Fair Value Measurements

6 Months Ended

Jun. 28, 2014

Fair Value Measurements

Fair Value Measurements

Note 14. Fair Value Measurements

Recurring Fair Value Measurements

The following table provides the assets and liabilities carried at fair value, measured on a recurring basis, as of June 28, 2014:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Trading securities	$	17.8	$	7.6	$	10.2	$	–
Derivative assets	3.9		.1		3.8		–

Liabilities
Derivative liabilities	$	10.4	$	–	$	10.4	$	–

The following table provides the assets and liabilities carried at fair value, measured on a recurring basis, as of December 28, 2013:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Trading securities	$	17.7	$	7.6	$	10.1	$	–
Short-term investments	114.5		–		114.5		–
Derivative assets	3.2		.1		3.1		–

Liabilities
Derivative liabilities	$	4.7	$	–	$	4.7	$	–

Trading securities include fixed income securities (primarily U.S. government and corporate debt securities) measured at fair value using quoted prices/bids and a money market fund measured at fair value using net asset value. As of June 28, 2014, trading securities of $.4 million and $17.4 million were included in “Cash and cash equivalents” and “Other current assets,” respectively, in the unaudited Condensed Consolidated Balance Sheets. As of December 28, 2013, trading securities of $.3 million and $17.4 million were included in “Cash and cash equivalents” and “Other current assets,” respectively, in the unaudited Condensed Consolidated Balance Sheets. Short-term investments are comprised of commercial paper and are measured at fair value using broker quoted prices. As of December 28, 2013, short-term investments were included in “Cash and cash equivalents” in the unaudited Condensed Consolidated Balance Sheets. Derivatives that are exchange-traded are measured at fair value using quoted market prices and are classified within Level 1 of the valuation hierarchy. Derivatives measured based on foreign exchange rate inputs that are readily available in public markets are classified within Level 2 of the valuation hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Commitments and Contingencies

6 Months Ended

Jun. 28, 2014

Commitments and Contingencies

Commitments and Contingencies

Note 15. Commitments and Contingencies

Legal Proceedings

We are involved in various lawsuits, claims, inquiries, and other regulatory and compliance matters, most of which are routine to the nature of our business. We have accrued liabilities for matters where it is probable that a loss will be incurred and the amount of loss can be reasonably estimated. Because of the uncertainties associated with claims resolution and litigation, future expenses to resolve these matters could be higher than the liabilities we have accrued; however, we are unable to reasonably estimate a range of potential expenses. If information becomes available that allows us to reasonably estimate the range of potential expenses in an amount higher or lower than what we have accrued, we would adjust our accrued liabilities accordingly. Additional lawsuits, claims, inquiries, and other regulatory and compliance matters could arise in the future. The range of expenses for resolving any future matters will be assessed as they arise; until then, a range of potential expenses for such resolution cannot be determined. Based upon current information, we believe that the impact of the resolution of these matters would not be, individually or in the aggregate, material to our financial position, results of operations or cash flows.

Environmental

As of June 28, 2014, we have been designated by the U.S. Environmental Protection Agency (“EPA”) and/or other responsible state agencies as a potentially responsible party (“PRP”) at eleven waste disposal or waste recycling sites, which are the subject of separate investigations or proceedings concerning alleged soil and/or groundwater contamination and for which no settlement of our liability has been agreed. We are participating with other PRPs at these sites, and anticipate that our share of remediation costs will be determined pursuant to agreements entered into in the normal course of negotiations with the EPA or other governmental authorities.

We have accrued liabilities for sites where it is probable that a loss will be incurred and the cost or amount of loss can be reasonably estimated. These estimates could change as a result of changes in planned remedial actions, remediation technologies, site conditions, and the estimated time to complete remediation, environmental laws and regulations, and other factors. Because of the uncertainties associated with environmental assessment and remediation activities, future expenses to remediate these sites could be higher than the liabilities we have accrued; however, we are unable to reasonably estimate a range of potential expenses. If information becomes available that allows us to reasonably estimate the range of potential expenses in an amount higher or lower than what we have accrued, we would adjust our environmental liabilities accordingly. In addition, we may be identified as a PRP at additional sites in the future. The range of expenses for remediation of any future-identified sites will be addressed as they arise; until then, a range of expenses for such remediation cannot be determined.

The activity for the six months ended June 28, 2014 related to environmental liabilities was as follows:

(In millions)
Balance at December 28, 2013	$	29.6
Charges (reversals), net	1.1
Payments	(2.4		)
Balance at June 28, 2014	$	28.3

As of June 28, 2014, approximately $10 million of the balance was classified as short-term and included in “Other current liabilities” in the unaudited Condensed Consolidated Balance Sheets.

Guarantees

We participate in receivable financing programs with several financial institutions whereby advances may be requested from these financial institutions. We guarantee the collection of the related receivables. At June 28, 2014, the outstanding amount guaranteed was approximately $6 million.

Unused letters of credit (primarily standby) outstanding with various financial institutions were approximately $67 million at June 28, 2014.

Commitments

On September 9, 2005, we completed a ten-year lease financing for a commercial facility located in Mentor, Ohio, used primarily for the North American headquarters and research center of our Materials group. The facility consists of land, buildings, and equipment. We lease the facility under an operating lease arrangement, which contains a residual value guarantee of $31.5 million, as well as certain obligations with respect to the refinancing of the lessor’s debt of $11.5 million (collectively, the “Guarantee”). At the end of the lease term, we have the option to purchase or remarket the facility at an amount equivalent to the value of the Guarantee. If our estimated fair value (or estimated selling price) of the facility falls below the Guarantee, we would be required to pay the lessor a shortfall, which is an amount equivalent to the Guarantee less our estimated fair value. During the second quarter of 2011, we estimated a shortfall with respect to the Guarantee and began to recognize the shortfall on a straight-line basis over the remaining lease term. The carrying amount of the shortfall was approximately $20 million at June 28, 2014, which was included in “Long-term retirement benefits and other liabilities” in the unaudited Condensed Consolidated Balance Sheets.

Segment Information

6 Months Ended

Jun. 28, 2014

Segment Information

Segment Information

Note 16. Segment Information

Financial information by reportable segment from continuing operations is set forth below.

	Three Months Ended						Six Months Ended

(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Net sales to unaffiliated customers
Pressure-sensitive Materials	$	1,180.9		$	1,113.9		$	2,324.4		$	2,211.9
Retail Branding and Information Solutions	414.4			419.6			802.1			802.3
Vancive Medical Technologies	20.5			18.8			39.4			37.0
Net sales to unaffiliated customers	$	1,615.8		$	1,552.3		$	3,165.9		$	3,051.2
Intersegment sales
Pressure-sensitive Materials	$	16.7		$	16.5		$	32.9		$	33.0
Retail Branding and Information Solutions	.6			.6			1.4			1.0
Vancive Medical Technologies	2.5			.3			4.8			1.0
Intersegment sales	$	19.8		$	17.4		$	39.1		$	35.0
Income from continuing operations before taxes
Pressure-sensitive Materials	$	86.5		$	117.5		$	198.5		$	222.4
Retail Branding and Information Solutions	28.3			23.6			44.9			38.2
Vancive Medical Technologies	(1.7		)	(2.8		)	(4.3		)	(5.5		)
Corporate expense	(20.4		)	(14.0		)	(43.2		)	(37.5		)
Interest expense	(15.6		)	(14.8		)	(31.0		)	(27.0		)
Income from continuing operations before taxes	$	77.1		$	109.5		$	164.9		$	190.6
Other expense (income), net by reportable segment
Pressure-sensitive Materials	$	32.9		$	1.7		$	34.2		$	5.3
Retail Branding and Information Solutions	5.6			6.0			11.6			9.0
Corporate	–			(8.0		)	–			(7.1		)
Other expense (income), net	$	38.5		$	(.3	)	$	45.8		$	7.2
Other expense (income), net by type
Restructuring costs:
Severance and related costs	$	35.9		$	5.4		$	42.9		$	12.2
Asset impairment charges and lease and other contract cancellation costs	2.6			2.4			2.9			3.7
Other items:
Gain on sale of assets	(.6		)	(10.9		)	(.6		)	(12.2		)
Loss from curtailment of pension obligation	.6			–			.6			–
Legal settlement	–			2.5			–			2.5
Divestiture-related costs (1)	–			.3			–			1.0
Other expense (income), net	$	38.5		$	(.3	)	$	45.8		$	7.2

(1) Represents only the portion allocated to continuing operations.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Recent Accounting Requirements	6 Months Ended
Recent Accounting Requirements	Jun. 28, 2014
Recent Accounting Requirements
Recent Accounting Requirements	Note 17. Recent Accounting Requirements In June 2014, the Financial Accounting Standards Board (“FASB”) revised guidance on share-based compensation awards that require a specific performance target to be achieved in order for the awards to vest. This revised guidance requires that a performance target that impacts vesting and can be achieved after the requisite service period be treated as a performance condition. As such, a performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that a performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. The revised guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015, and can be applied either (i) prospectively to all awards granted or modified after the effective date or (ii) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. Early adoption is permitted. We do not anticipate the adoption of this revised guidance to have a significant impact on our financial position, results of operations, cash flows, or disclosures. In May 2014, the FASB issued revised guidance on revenue recognition. This revised guidance provides a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This revised guidance will require an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This update creates a five-step model that requires entities to exercise judgment when considering the terms of the contract(s) which include (i) identifying the contract(s) with the customer, (ii) identifying the separate performance obligations in the contract, (iii) determining the transaction price, (iv) allocating the transaction price to the separate performance obligations, and (v) recognizing revenue when each performance obligation is satisfied. This revised guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including qualitative and quantitative information about contracts with customers, significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. This revised guidance is effective for fiscal years beginning after December 15, 2016 and interim periods within those years, and can be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of adoption recognized at the date of initial application. Early adoption is not permitted. We are evaluating the method and impact the adoption of this revised guidance will have on our financial position, results of operations, cash flows, or disclosures. In April 2014, the FASB issued revised guidance on reporting discontinued operations. This revised guidance defines a discontinued operation as a disposal of a component or a group of components of an entity that represents a strategic shift that has (or will have) a major effect on the entity’s operations and financial results. This revised guidance also requires additional disclosures for discontinued operations and new disclosures for individually material disposal transactions that do not meet the definition of a discontinued operation. This revised guidance is effective for fiscal years beginning on or after December 15, 2014 and interim periods within those years, with earlier adoption permitted. We do not anticipate the adoption of this revised guidance to have a significant impact on our financial position, results of operations, cash flows, or disclosures.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Article 10

+ Details

General (Policies)	6 Months Ended
General (Policies)	Jun. 28, 2014
General
Fiscal Period	*Fiscal Period* The second quarters of 2014 and 2013 consisted of thirteen-week periods ending June 28, 2014 and June 29, 2013, respectively. The six months ended June 28, 2014 and June 29, 2013 consisted of twenty-six-week periods. The interim results of operations are not necessarily indicative of future results.
Financial Presentation	*Financial Presentation* As discussed further in Note 2, “Discontinued Operations, Assets Held for Sale and Sale of Assets,” we have classified the operating results of our former Office and Consumer Products (“OCP”) and Designed and Engineered Solutions (“DES”) businesses, together with certain costs associated with their divestiture, as discontinued operations in the unaudited Consolidated Statements of Income for all periods presented. Unless otherwise noted, the results of discontinued operations have been excluded from the notes to our unaudited Condensed Consolidated Financial Statements. In the first quarter of 2014, we began reporting Vancive Medical Technologies as a reportable segment. This business was previously reported within a category entitled “other specialty converting businesses” and was the only business that comprised that category in the prior periods presented. Vancive Medical Technologies manufactures an array of pressure-sensitive adhesive products for surgical, wound care, ostomy, and electromedical applications. See Note 16, “Segment Information,” for more information.

- Definition

Disclosure of accounting policy for determining an entity's fiscal year or other fiscal period. This disclosure may include identification of the fiscal period end-date, the length of the fiscal period, any reporting period lag between the entity and its subsidiaries, or equity investees. If a reporting lag exists, the closing date of the entity having a different period end is generally noted, along with an explanation of the necessity for using different closing dates. Any intervening events that materially affect the entity's financial position or results of operations are generally also disclosed.

+ References + Details

Discontinued Operations, Assets Held for Sale and Sale of Assets (Tables)

6 Months Ended

Jun. 28, 2014

Discontinued Operations, Assets Held for Sale and Sale of Assets

The results of discontinued operations and loss on sale

	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Net sales	$	–		$	218.7		$	–		$	380.6
Loss before taxes, including divestiture-related and restructuring costs	$	–		$	(4.1	)	$	–		$	(14.7	)
Benefit from income taxes	–			2.1			–			3.7
Loss from discontinued operations, net of tax before loss on sale	–			(2.0		)	–			(11.0		)
Loss on sale before taxes	(1.9		)	–			(2.6		)	–
Tax benefit from loss on sale	–			–			.3			–
Loss from discontinued operations, net of tax	$	(1.9	)	$	(2.0	)	$	(2.3	)	$	(11.0	)

Inventories (Tables)

6 Months Ended

Jun. 28, 2014

Inventories

Net inventories

(In millions)	June 28, 2014		December 28, 2013
Raw materials	$	218.5	$	196.3
Work-in-progress	176.8		149.0
Finished goods	165.1		148.8
Inventories, net	$	560.4	$	494.1

Goodwill and Other Intangibles Resulting from Business Acquisitions (Tables)

6 Months Ended

Jun. 28, 2014

Goodwill and Other Intangibles Resulting from Business Acquisitions

Changes in net carrying amount of goodwill

(In millions)	Pressure-sensitive Materials		Retail Branding and Information Solutions			Total
Goodwill as of December 28, 2013	$	334.4	$	416.7		$	751.1
Acquisition adjustments(1)	.4		6.9			7.3
Translation adjustments	.4		(.2		)	.2
Goodwill as of June 28, 2014	$	335.2	$	423.4		$	758.6

(1) Acquisition adjustments related to deferred taxes from previous acquisitions. See Note 11, “Taxes Based on Income,” for more information.

Finite-Lived Intangible Assets

	June 28, 2014			December 28, 2013
(In millions)	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount	Gross Carrying Amount	Accumulated Amortization	Net Carrying Amount
Customer relationships	$ 234.3	$ 175.2	$ 59.1	$ 234.1	$ 164.6	$ 69.5
Patents and other acquired technology	49.0	40.6	8.4	48.9	38.3	10.6
Trade names and trademarks	26.1	22.5	3.6	26.2	22.5	3.7
Other intangibles	12.6	11.3	1.3	12.4	11.1	1.3
Total	$ 322.0	$ 249.6	$ 72.4	$ 321.6	$ 236.5	$ 85.1

Future amortization expense for finite lived intangible assets

(In millions)	Estimated Amortization Expense
Remainder of 2014	$	11.5
2015	21.0
2016	19.4
2017	9.8
2018	2.5

Pension and Other Postretirement Benefits (Tables)

6 Months Ended

Jun. 28, 2014

Pension and Other Postretirement Benefits

Schedule of components of net periodic benefit cost (credit)

	Pension Benefits
	Three Months Ended												Six Months Ended
	June 28, 2014						June 29, 2013						June 28, 2014						June 29, 2013
(In millions)	U.S.			Int’l			U.S.			Int’l			U.S.			Int’l			U.S.			Int’l
Service cost	$	.1		$	3.2		$	.1		$	3.0		$	.2		$	6.7		$	.2		$	6.1
Interest cost	11.4			6.2			9.5			5.6			22.4			12.2			19.0			11.4
Expected return on plan assets	(13.0		)	(6.5		)	(11.7		)	(5.5		)	(26.0		)	(13.0		)	(23.4		)	(11.1		)
Recognized net actuarial loss	4.2			1.3			4.8			1.6			8.1			2.6			9.7			3.1
Amortization of prior service cost	.3			.1			.1			.1			.6			.2			.2			.2
Amortization of transition asset	–			–			–			(.1		)	–			–			–			(.1		)
Recognized loss on curtailment (1)	–			.6			–			–			–			.6			–			–
Net periodic benefit cost	$	3.0		$	4.9		$	2.8		$	4.7		$	5.3		$	9.3		$	5.7		$	9.6

(1) Recognized loss on curtailment related to a pension plan in the Netherlands and was recorded in “Other expense (income), net” in the unaudited Consolidated Statements of Income.

	U.S. Postretirement Health Benefits
	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Interest cost	$	.1		$	–		$	.1		$	.1
Recognized net actuarial loss	.7			.6			1.4			1.3
Amortization of prior service credit	(.8		)	(1.2		)	(1.6		)	(2.4		)
Net periodic benefit credit	$	–		$	(.6	)	$	(.1	)	$	(1.0	)

Cost Reduction Actions (Tables)

6 Months Ended

Jun. 28, 2014

Cost Reduction Actions

Restructuring charges and payments

(In millions)	Accrual at December 28, 2013		Charges (Reversals), net			Cash Payments			Non-cash Impairment			Foreign Currency Translation		Accrual at June 28, 2014
2014 Actions
Severance and related costs	$	–	$	43.0		$	(10.0	)	$	–		$	–	$	33.0
Asset impairment charges	–		2.9			–			(2.9		)	–		–
2012 Program
Severance and related costs	6.6		(.1		)	(5.3		)	–			–		1.2
Lease and other contract cancellation costs	.2		–			(.1		)	–			–		.1
Total	$	6.8	$	45.8		$	(15.4	)	$	(2.9	)	$	–	$	34.3

Total amount of restructuring costs incurred by reportable segment and Corporate

	Three Months Ended				Six Months Ended
(In millions)	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Restructuring costs by reportable segment and Corporate
Pressure-sensitive Materials	$	32.3	$	1.7	$	33.6	$	5.3
Retail Branding and Information Solutions	6.2		6.0		12.2		10.3
Vancive Medical Technologies	–		–		–		–
Corporate	–		.1		–		.3
	$	38.5	$	7.8	$	45.8	$	15.9

Financial Instruments (Tables)

6 Months Ended

Jun. 28, 2014

Financial Instruments

Fair value and balance sheet locations of derivatives

The following table provides the fair value and balance sheet locations of derivatives as of June 28, 2014:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	3.8	Other current liabilities	$	10.4
Commodity contracts	Other current assets	.1		Other current liabilities	–
		$	3.9		$	10.4

The following table provides the fair value and balance sheet locations of derivatives as of December 28, 2013:

	Asset			Liability
(In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Foreign exchange contracts	Other current assets	$	3.1	Other current liabilities	$	4.7
Commodity contracts	Other current assets	.1		Other current liabilities	–
		$	3.2		$	4.7

Components of the gain (loss) recognized in income related to fair value hedge contracts

		Three Months Ended						Six Months Ended
(In millions)	Location of Gain (Loss) in Income	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Foreign exchange contracts	Cost of products sold	$	(2.1	)	$	(1.4	)	$	(3.0	)	$	.3
Foreign exchange contracts	Marketing, general and administrative expense	(3.5		)	10.4			(2.5		)	(17.3		)
		$	(5.6	)	$	9.0		$	(5.5	)	$	(17.0	)

Components of the Gains (losses) recognized in accumulated other comprehensive loss on derivatives

	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Foreign exchange contracts	$	(1.9	)	$	.3		$	(2.2	)	$	.8
Commodity contracts	(.2		)	(.2		)	.2			(.7		)
	$	(2.1	)	$	.1		$	(2.0	)	$	.1

Taxes Based on Income (Tables)

6 Months Ended

Jun. 28, 2014

Taxes Based on Income

Income from continuing operations before taxes, provision for income taxes from continuing operations, and effective tax rate

	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Income from continuing operations before taxes	$	77.1		$	109.5		$	164.9		$	190.6
Provision for income taxes	32.7			38.7			48.9			53.0
Effective tax rate	42.4		%	35.3		%	29.7		%	27.8		%

Net Income Per Share (Tables)

6 Months Ended

Jun. 28, 2014

Net Income Per Share

Net income per common share was computed as follows:

		Three Months Ended						Six Months Ended
(In millions, except per share amounts)		June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
(A)	Income from continuing operations	$	44.4		$	70.8		$	116.0		$	137.6
(B)	Loss from discontinued operations, net of tax	(1.9		)	(2.0		)	(2.3		)	(11.0		)
(C)	Net income available to common shareholders	$	42.5		$	68.8		$	113.7		$	126.6
(D)	Weighted-average number of common shares outstanding	94.9			99.3			95.4			99.7
	Dilutive shares (additional common shares issuable under stock-based awards)	1.8			1.5			1.9			1.6
(E)	Weighted-average number of common shares outstanding, assuming dilution	96.7			100.8			97.3			101.3
Net income (loss) per common share:
	Continuing operations (A) ÷ (D)	$	.47		$	.71		$	1.22		$	1.38
	Discontinued operations (B) ÷ (D)	(.02		)	(.02		)	(.03		)	(.11		)
Net income per common share (C) ÷ (D)		$	.45		$	.69		$	1.19		$	1.27
Net income (loss) per common share, assuming dilution:
	Continuing operations (A) ÷ (E)	$	.46		$	.70		$	1.19		$	1.36
	Discontinued operations (B) ÷ (E)	(.02		)	(.02		)	(.02		)	(.11		)
Net income per common share, assuming dilution (C) ÷ (E)		$	.44		$	.68		$	1.17		$	1.25

Comprehensive Income (Tables)

6 Months Ended

Jun. 28, 2014

Comprehensive Income

Schedule of changes in "Accumulated other comprehensive loss" (net of tax)

The changes in “Accumulated other comprehensive loss” (net of tax) for the six-month period ended June 28, 2014 were as follows:

(In millions)	Cash Flow Hedges			Pension and Other Postretirement Benefits			Foreign Currency Translation			Total
Balance as of December 28, 2013	$	(1.0	)	$	(418.1	)	$	138.0		$	(281.1	)
Other comprehensive loss before reclassifications, net of tax	(1.6		)	(1.0		)	(4.0		)	(6.6		)
Reclassifications to net income, net of tax	1.1			8.0			–			9.1
Net current-period other comprehensive (loss) income, net of tax	(.5		)	7.0			(4.0		)	2.5
Balance as of June 28, 2014	$	(1.5	)	$	(411.1	)	$	134.0		$	(278.6	)

The changes in “Accumulated other comprehensive loss” (net of tax) for the six-month period ended June 29, 2013 were as follows:

(In millions)	Cash Flow Hedges			Pension and Other Postretirement Benefits			Foreign Currency Translation			Total
Balance as of December 29, 2012	$	(2.0	)	$	(456.5	)	$	180.5		$	(278.0	)
Other comprehensive income (loss) before reclassifications, net of tax	1.0			–			(56.5		)	(55.5		)
Reclassifications to net income, net of tax	(.1		)	8.6			–			8.5
Net current-period other comprehensive income (loss), net of tax	.9			8.6			(56.5		)	(47.0		)
Balance as of June 29, 2013	$	(1.1	)	$	(447.9	)	$	124.0		$	(325.0	)

Schedule of amounts reclassified from "Accumulated other comprehensive loss" to increase (decrease) income from continuing operations

	Amounts Reclassified from Accumulated Other Comprehensive Loss
	Three Months Ended						Six Months Ended
(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013			Affected Line Item in the Statements Where Net Income is Presented
Cash flow hedges:
Foreign exchange contracts	$	(1.5	)	$	.3		$	(1.5	)	$	.8		Cost of products sold
Commodity contracts	.1			(.2		)	.2			(.7		)	Cost of products sold
	(1.4		)	.1			(1.3		)	.1			Total before tax
	.2			(.1		)	.2			(.1		)	Provision for income taxes
	(1.2		)	–			(1.1		)	–			Net of tax

Pension and other postretirement benefits (1)	(6.4		)	(5.9		)	(11.9		)	(12.0		)
	2.7			2.0			3.9			4.0			Provision for income taxes
	(3.7		)	(3.9		)	(8.0		)	(8.0		)	Net of tax
Total reclassifications for the period	$	(4.9	)	$	(3.9	)	$	(9.1	)	$	(8.0	)	Total, net of tax

(1) See Note 6, “Pension and Other Postretirement Benefits,” for more information.

Income tax expense (benefit) allocated to each component of other comprehensive loss (income):

	Three Months Ended					Six Months Ended
(In millions)	June 28, 2014			June 29, 2013		June 28, 2014			June 29, 2013
Pension and other postretirement benefits	$	2.7		$	2.3	$	3.9		$	4.3
Cash flow hedges	(.1		)	.3		(.1		)	.6
Income tax expense related to components of other comprehensive loss (income)	$	2.6		$	2.6	$	3.8		$	4.9

Fair Value Measurements (Tables)

6 Months Ended

Jun. 28, 2014

Fair Value Measurements

Assets and liabilities carried at fair value, measured on a recurring basis

The following table provides the assets and liabilities carried at fair value, measured on a recurring basis, as of June 28, 2014:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Trading securities	$	17.8	$	7.6	$	10.2	$	–
Derivative assets	3.9		.1		3.8		–

Liabilities
Derivative liabilities	$	10.4	$	–	$	10.4	$	–

The following table provides the assets and liabilities carried at fair value, measured on a recurring basis, as of December 28, 2013:

			Fair Value Measurements Using
(In millions)	Total		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Other Unobservable Inputs (Level 3)
Assets
Trading securities	$	17.7	$	7.6	$	10.1	$	–
Short-term investments	114.5		–		114.5		–
Derivative assets	3.2		.1		3.1		–

Liabilities
Derivative liabilities	$	4.7	$	–	$	4.7	$	–

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 28, 2014

Commitments and Contingencies

Costs of Environmental Liabilities with Remediation

(In millions)
Balance at December 28, 2013	$	29.6
Charges (reversals), net	1.1
Payments	(2.4		)
Balance at June 28, 2014	$	28.3

Segment Information (Tables)

6 Months Ended

Jun. 28, 2014

Segment Information

Financial information, by reportable segment from continuing operations

	Three Months Ended						Six Months Ended

(In millions)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Net sales to unaffiliated customers
Pressure-sensitive Materials	$	1,180.9		$	1,113.9		$	2,324.4		$	2,211.9
Retail Branding and Information Solutions	414.4			419.6			802.1			802.3
Vancive Medical Technologies	20.5			18.8			39.4			37.0
Net sales to unaffiliated customers	$	1,615.8		$	1,552.3		$	3,165.9		$	3,051.2
Intersegment sales
Pressure-sensitive Materials	$	16.7		$	16.5		$	32.9		$	33.0
Retail Branding and Information Solutions	.6			.6			1.4			1.0
Vancive Medical Technologies	2.5			.3			4.8			1.0
Intersegment sales	$	19.8		$	17.4		$	39.1		$	35.0
Income from continuing operations before taxes
Pressure-sensitive Materials	$	86.5		$	117.5		$	198.5		$	222.4
Retail Branding and Information Solutions	28.3			23.6			44.9			38.2
Vancive Medical Technologies	(1.7		)	(2.8		)	(4.3		)	(5.5		)
Corporate expense	(20.4		)	(14.0		)	(43.2		)	(37.5		)
Interest expense	(15.6		)	(14.8		)	(31.0		)	(27.0		)
Income from continuing operations before taxes	$	77.1		$	109.5		$	164.9		$	190.6
Other expense (income), net by reportable segment
Pressure-sensitive Materials	$	32.9		$	1.7		$	34.2		$	5.3
Retail Branding and Information Solutions	5.6			6.0			11.6			9.0
Corporate	–			(8.0		)	–			(7.1		)
Other expense (income), net	$	38.5		$	(.3	)	$	45.8		$	7.2
Other expense (income), net by type
Restructuring costs:
Severance and related costs	$	35.9		$	5.4		$	42.9		$	12.2
Asset impairment charges and lease and other contract cancellation costs	2.6			2.4			2.9			3.7
Other items:
Gain on sale of assets	(.6		)	(10.9		)	(.6		)	(12.2		)
Loss from curtailment of pension obligation	.6			–			.6			–
Legal settlement	–			2.5			–			2.5
Divestiture-related costs (1)	–			.3			–			1.0
Other expense (income), net	$	38.5		$	(.3	)	$	45.8		$	7.2

(1) Represents only the portion allocated to continuing operations.

General (Details)	3 Months Ended		6 Months Ended
General (Details)	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
General
Length of fiscal period	91 days	91 days	182 days	182 days

Discontinued Operations, Assets Held for Sale and Sale of Assets (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		6 Months Ended
	Apr. 30, 2013	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Operating results of discontinued operations and loss on sale
Loss from discontinued operations, net of tax		$ (1.9)	$ (2.0)	$ (2.3)	$ (11.0)
Assets Held for Sale and Sale of Assets
Sale of property and equipment of our former corporate headquarters in Pasadena, California	$ 20.0
Pre-tax gain recognized in "Other expense (income)	$ 10.9
OCP and DES businesses
Operating results of discontinued operations and loss on sale
Net sales			218.7		380.6
Loss before taxes, including divestiture-related and restructuring costs			(4.1)		(14.7)
Benefit from income taxes			2.1		3.7
Loss from discontinued operations, net of tax before loss on sale			(2.0)		(11.0)
Loss on sale before taxes		(1.9)		(2.6)
Tax benefit from loss on sale				0.3
Loss from discontinued operations, net of tax		$ (1.9)	(2.0)	$ (2.3)	(11.0)
Other properties and assets held for sale \| Net sales
Operating results of discontinued operations and loss on sale
Net sales from continuing operations to discontinued operations			$ 24.4		$ 44.0

Inventories (Details) - USD ($) $ in Millions	Jun. 28, 2014	Dec. 28, 2013
Inventories
Raw materials	$ 218.5	$ 196.3
Work-in-progress	176.8	149.0
Finished goods	165.1	148.8
Inventories, net	$ 560.4	$ 494.1

Goodwill and Other Intangibles Resulting from Business Acquisitions (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2014	Dec. 28, 2013
Changes in net carrying amount of goodwill
Goodwill, Beginning Balance	$ 751.1
Acquisition adjustments	7.3
Translation adjustments	0.2
Goodwill, Ending Balance	758.6
Indefinite-lived intangible assets (excluding goodwill)
Indefinite-lived intangible assets, carrying value	11.0	$ 10.9
Pressure-sensitive Materials
Changes in net carrying amount of goodwill
Goodwill, Beginning Balance	334.4
Acquisition adjustments	0.4
Translation adjustments	0.4
Goodwill, Ending Balance	335.2
Retail Branding and Information Solutions
Changes in net carrying amount of goodwill
Goodwill, Beginning Balance	416.7
Acquisition adjustments	6.9
Translation adjustments	(0.2)
Goodwill, Ending Balance	423.4
Accumulated impairment losses	820.0	$ 820.0
Vancive Medical Technologies
Changes in net carrying amount of goodwill
Goodwill, Ending Balance	$ 0.0

Goodwill and Other Intangibles Resulting from Business Acquisitions (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013	Dec. 28, 2013
Acquired intangibles
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 322.0		$ 322.0		$ 321.6
Accumulated Amortization	249.6		249.6		236.5
Net Carrying Amount	72.4		72.4		85.1
Amortization expense on finite lived intangible assets from business acquisition	6.3	$ 7.4	12.9	$ 14.9
Customer relationships
Finite-Lived Intangible Assets
Gross Carrying Amount	234.3		234.3		234.1
Accumulated Amortization	175.2		175.2		164.6
Net Carrying Amount	59.1		59.1		69.5
Patents and other acquired technology
Finite-Lived Intangible Assets
Gross Carrying Amount	49.0		49.0		48.9
Accumulated Amortization	40.6		40.6		38.3
Net Carrying Amount	8.4		8.4		10.6
Trade names and trademarks
Finite-Lived Intangible Assets
Gross Carrying Amount	26.1		26.1		26.2
Accumulated Amortization	22.5		22.5		22.5
Net Carrying Amount	3.6		3.6		3.7
Other intangibles
Finite-Lived Intangible Assets
Gross Carrying Amount	12.6		12.6		12.4
Accumulated Amortization	11.3		11.3		11.1
Net Carrying Amount	$ 1.3		$ 1.3		$ 1.3

Goodwill and Other Intangibles Resulting from Business Acquisitions (Details 3) $ in Millions	Jun. 28, 2014 USD ($)
Future amortization expense for finite lived intangible assets
Remainder of 2014	$ 11.5
2015	21.0
2016	19.4
2017	9.8
2018	$ 2.5

Debt (Details) - USD ($) $ in Millions	Jun. 28, 2014	Dec. 28, 2013
Debt
Fair value of debt	$ 1,240	$ 1,060

Pension and Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Components of net periodic benefit cost:
Recognized loss on curtailment	$ 0.6		$ 0.6
OCP and DES businesses
Components of net periodic benefit cost:
Curtailment and settlement losses associated certain U.S. pension plans		$ 10.4
U.S. \| Continuing operations
Components of net periodic benefit cost:
Service cost	0.1	0.1	0.2	$ 0.2
Interest cost	11.4	9.5	22.4	19.0
Expected return on plan assets	(13.0)	(11.7)	(26.0)	(23.4)
Recognized net actuarial loss	4.2	4.8	8.1	9.7
Amortization of prior service cost	0.3	0.1	0.6	0.2
Net periodic benefit credit	3.0	2.8	5.3	5.7
Int'l \| Continuing operations
Components of net periodic benefit cost:
Service cost	3.2	3.0	6.7	6.1
Interest cost	6.2	5.6	12.2	11.4
Expected return on plan assets	(6.5)	(5.5)	(13.0)	(11.1)
Recognized net actuarial loss	1.3	1.6	2.6	3.1
Amortization of prior service cost	0.1	0.1	0.2	0.2
Amortization of transition asset		(0.1)		(0.1)
Recognized loss on curtailment	0.6		0.6
Net periodic benefit credit	4.9	4.7	9.3	9.6
U.S. Postretirement Health Benefits \| Continuing operations
Components of net periodic benefit cost:
Interest cost	0.1		0.1	0.1
Recognized net actuarial loss	0.7	0.6	1.4	1.3
Amortization of prior service cost	$ (0.8)	(1.2)	(1.6)	(2.4)
Net periodic benefit credit		$ (0.6)	$ (0.1)	$ (1.0)

Pension and Other Postretirement Benefits (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Defined Benefit Plans
Recognized defined contribution plan cost	$ 5.0	$ 4.9	$ 11.0	$ 11.5
U.S.
Defined Benefit Plans
Employer contributions			2.4	18.5
Int'l
Defined Benefit Plans
Employer contributions			11.0	10.0
U.S. Postretirement Health Benefits
Defined Benefit Plans
Employer contributions			$ 0.9	$ 1.1

Research and Development (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Research and Development (Details) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Marketing, general and administrative expense
Research and development expense	$ 26.9	$ 25.1	$ 51.9	$ 48.6

Long-Term Incentive Compensation (Details) - Continuing operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Marketing, general and administrative expense
Stock-Based Compensation
Stock-based compensation expense	$ 8.5	$ 7.8	$ 14.5	$ 15.7
Cash-based LTI awards	4.6	$ 1.6	9.9	$ 4.3
Stock-based awards
Stock-Based Compensation
Unrecognized compensation cost related to share based compensation cost	$ 47.0		$ 47.0
Unrecognized compensation cost weighted average recognition period			2 years

Cost Reduction Actions (Details) $ in Millions	6 Months Ended	12 Months Ended
Cost Reduction Actions (Details) $ in Millions	Jun. 28, 2014 USD ($) item	Dec. 28, 2013 USD ($) item
Restructuring Cost and Reserve
Charges (Reversals), net \| $	$ 45.8
2014 Actions
Restructuring Cost and Reserve
Charges (Reversals), net \| $	$ 45.9
Number of positions reduced as a result of Cost Reduction Actions \| item	970
Number of positions remaining \| item	240
2012 Program
Restructuring Cost and Reserve
Charges (Reversals), net \| $		$ 40.3
Number of positions reduced as a result of Cost Reduction Actions \| item		1,400

Cost Reduction Actions (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
Cost Reduction Actions (Details 2) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013	Dec. 28, 2013
Cost Reduction Actions
Beginning Balance			$ 6.8
Charges (Reversals), net			45.8
Cash payments			(15.4)
Non-cash Impairment			(2.9)
Ending Balance	$ 34.3		34.3		$ 6.8
Other expense (income), net
Cost Reduction Actions
Charges (Reversals), net	38.5	$ 7.8	45.8	$ 15.9
Severance and related costs
Cost Reduction Actions
Charges (Reversals), net	35.9	$ 5.4	42.9	$ 12.2
2014 Actions
Cost Reduction Actions
Charges (Reversals), net			45.9
2014 Actions \| Severance and related costs
Cost Reduction Actions
Charges (Reversals), net			43.0
Cash payments			(10.0)
Ending Balance	33.0		33.0
2014 Actions \| Asset impairment charges
Cost Reduction Actions
Charges (Reversals), net			2.9
Non-cash Impairment			(2.9)
2012 Program
Cost Reduction Actions
Charges (Reversals), net					40.3
2012 Program \| Severance and related costs
Cost Reduction Actions
Beginning Balance			6.6
Charges (Reversals), net			(0.1)
Cash payments			(5.3)
Ending Balance	1.2		1.2		6.6
2012 Program \| Lease and other contract cancellation costs
Cost Reduction Actions
Beginning Balance			0.2
Cash payments			(0.1)
Ending Balance	$ 0.1		$ 0.1		$ 0.2

Cost Reduction Actions (Details 3) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Cost Reduction Actions (Details 3) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Restructuring Cost and Reserve
Restructuring costs			$ 45.8
Other expense (income), net
Restructuring Cost and Reserve
Restructuring costs	$ 38.5	$ 7.8	45.8	$ 15.9
Pressure-sensitive Materials \| Other expense (income), net
Restructuring Cost and Reserve
Restructuring costs	32.3	1.7	33.6	5.3
Retail Branding and Information Solutions \| Other expense (income), net
Restructuring Cost and Reserve
Restructuring costs	$ 6.2	6.0	$ 12.2	10.3
Corporate \| Other expense (income), net
Restructuring Cost and Reserve
Restructuring costs		$ 0.1		$ 0.3

Financial Instruments (Details) - Cash Flow Hedging $ in Millions	6 Months Ended
	Jun. 28, 2014 USD ($)
Financial Instruments
Maximum length of time hedged in cash flow hedge	36 months
Cash Flow Hedge loss to be Reclassified within Twelve Months	$ (0.3)
Foreign exchange contracts
Financial Instruments
Notional amount	1,900.0
Commodity contracts
Financial Instruments
Notional amount	$ 5.1

Financial Instruments (Details 2) - USD ($) $ in Millions	Jun. 28, 2014	Dec. 28, 2013
Derivatives, Fair Value
Asset	$ 3.9	$ 3.2
Liability	10.4	4.7
Foreign exchange contracts \| Other current assets
Derivatives, Fair Value
Asset	3.8	3.1
Foreign exchange contracts \| Other current liabilities
Derivatives, Fair Value
Liability	10.4	4.7
Commodity contracts \| Other current assets
Derivatives, Fair Value
Asset	$ 0.1	$ 0.1

Financial Instruments (Details 3) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Financial Instruments (Details 3) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Fair Value Hedges
Gain (loss) in income	$ (5.6)	$ 9.0	$ (5.5)	$ (17.0)
Foreign exchange contracts \| Cost of products sold
Fair Value Hedges
Gain (loss) in income	(2.1)	(1.4)	(3.0)	0.3
Foreign exchange contracts \| Marketing, general and administrative expense
Fair Value Hedges
Gain (loss) in income	$ (3.5)	$ 10.4	$ (2.5)	$ (17.3)

Financial Instruments (Details 4) - Cash Flow Hedging - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Derivative Instruments, Gain (Loss)
Gains (loss) recognized in accumulated other comprehensive loss on derivatives	$ (2.1)	$ 0.1	$ (2.0)	$ 0.1
Foreign exchange contracts
Derivative Instruments, Gain (Loss)
Gains (loss) recognized in accumulated other comprehensive loss on derivatives	(1.9)	0.3	(2.2)	0.8
Commodity contracts
Derivative Instruments, Gain (Loss)
Gains (loss) recognized in accumulated other comprehensive loss on derivatives	$ (0.2)	$ (0.2)	$ 0.2	$ (0.7)

Taxes Based on Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Taxes Based on Income (Details) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Taxes Based on Income
Income from continuing operations before taxes	$ 77.1	$ 109.5	$ 164.9	$ 190.6
Provision for income taxes	$ 32.7	$ 38.7	$ 48.9	$ 53.0
Effective tax rate (as a percent)	42.40%	35.30%	29.70%	27.80%
Discrete Tax expense (benefit) as a result of changes in certain tax reserves and valuation allowances	$ 5.8		$ (3.7)
Tax expense from an out-of-period adjustment to properly reflect the valuation allowance related to state deferred tax assets	6.1		6.1
Tax expense related to change in estimate of the potential outcome of uncertain tax issues in China	6.0		6.0
Tax benefit offset due primarily to the closing of tax years	6.3		15.8
Tax expense (benefit) for revaluation of deferred tax balances due to changes in certain foreign statutory tax rates		$ 1.4		$ (3.7)
Tax benefit from out-of-period adjustments to properly reflect deferred taxes related to acquisitions completed in 2002 and 2003			4.8
Net tax benefits related to changes in tax law				8.9
Tax benefits attributable to the retroactive reinstatement of the federal research and development tax credit				$ 4.2
Reasonably possible decrease in unrecognized tax benefits during next 12 months	$ 17.0		$ 17.0

Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Net income per common share amounts
Income from continuing operations	$ 44.4	$ 70.8	$ 116.0	$ 137.6
Loss from discontinued operations, net of tax	(1.9)	(2.0)	(2.3)	(11.0)
Net income	$ 42.5	$ 68.8	$ 113.7	$ 126.6
Weighted-average number of common shares outstanding	94.9	99.3	95.4	99.7
Dilutive shares (additional common shares issuable under stock-based awards)	1.8	1.5	1.9	1.6
Weighted-average number of common shares outstanding, assuming dilution	96.7	100.8	97.3	101.3
Net income (loss) per common share:
Continuing operations (in dollars per share)	$ 0.47	$ 0.71	$ 1.22	$ 1.38
Discontinued operations (in dollars per share)	(0.02)	(0.02)	(0.03)	(0.11)
Net income per common share (in dollars per share)	0.45	0.69	1.19	1.27
Net income (loss) per common share, assuming dilution:
Continuing operations (in dollars per share)	0.46	0.70	1.19	1.36
Discontinued operations (in dollars per share)	(0.02)	(0.02)	(0.02)	(0.11)
Net income per common share, assuming dilution (in dollars per share)	$ 0.44	$ 0.68	$ 1.17	$ 1.25
Stock-based compensation awards excluded from the computation of net income per common share, assuming dilution	3.0	5.0	4.0	6.0

Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Comprehensive Income (Details) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Changes in Accumulated other comprehensive loss (net of tax)
Balance at beginning of the period			$ (281.1)	$ (278.0)
Other comprehensive income (loss) before reclassifications, net of tax			(6.6)	(55.5)
Reclassifications to net income, net of tax			9.1	8.5
Other comprehensive (loss) income, net of tax	$ (0.8)	$ (33.7)	2.5	(47.0)
Balance at end of the period	(278.6)	(325.0)	(278.6)	(325.0)
Cash Flow Hedges
Changes in Accumulated other comprehensive loss (net of tax)
Balance at beginning of the period			(1.0)	(2.0)
Other comprehensive income (loss) before reclassifications, net of tax			(1.6)	1.0
Reclassifications to net income, net of tax			1.1	(0.1)
Other comprehensive (loss) income, net of tax			(0.5)	0.9
Balance at end of the period	(1.5)	(1.1)	(1.5)	(1.1)
Pension and Other Postretirement Benefits
Changes in Accumulated other comprehensive loss (net of tax)
Balance at beginning of the period			(418.1)	(456.5)
Other comprehensive income (loss) before reclassifications, net of tax			(1.0)
Reclassifications to net income, net of tax			8.0	8.6
Other comprehensive (loss) income, net of tax			7.0	8.6
Balance at end of the period	(411.1)	(447.9)	(411.1)	(447.9)
Foreign Currency Translation
Changes in Accumulated other comprehensive loss (net of tax)
Balance at beginning of the period			138.0	180.5
Other comprehensive income (loss) before reclassifications, net of tax			(4.0)	(56.5)
Other comprehensive (loss) income, net of tax			(4.0)	(56.5)
Balance at end of the period	$ 134.0	$ 124.0	$ 134.0	$ 124.0

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Comprehensive Income (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Comprehensive Income (Details 2) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Amounts reclassified from Accumulated other comprehensive loss
Cost of products sold	$ (1,187.6)	$ (1,134.8)	$ (2,330.5)	$ (2,232.0)
Income from continuing operations before taxes	77.1	109.5	164.9	190.6
Provision for income taxes	(32.7)	(38.7)	(48.9)	(53.0)
Income from continuing operations	44.4	70.8	116.0	137.6
Amounts Reclassified from Accumulated other comprehensive loss
Amounts reclassified from Accumulated other comprehensive loss
Income from continuing operations	(4.9)	(3.9)	(9.1)	(8.0)
Cash Flow Hedges \| Amounts Reclassified from Accumulated other comprehensive loss
Amounts reclassified from Accumulated other comprehensive loss
Income from continuing operations before taxes	(1.4)	0.1	(1.3)	0.1
Provision for income taxes	0.2	(0.1)	0.2	(0.1)
Income from continuing operations	(1.2)		(1.1)
Cash Flow Hedges \| Amounts Reclassified from Accumulated other comprehensive loss \| Foreign exchange contracts
Amounts reclassified from Accumulated other comprehensive loss
Cost of products sold	(1.5)	0.3	(1.5)	0.8
Cash Flow Hedges \| Amounts Reclassified from Accumulated other comprehensive loss \| Commodity contracts
Amounts reclassified from Accumulated other comprehensive loss
Cost of products sold	0.1	(0.2)	0.2	(0.7)
Pension and Other Postretirement Benefits \| Amounts Reclassified from Accumulated other comprehensive loss
Amounts reclassified from Accumulated other comprehensive loss
Pension and other postretirement benefits	(6.4)	(5.9)	(11.9)	(12.0)
Provision for income taxes	2.7	2.0	3.9	4.0
Income from continuing operations	$ (3.7)	$ (3.9)	$ (8.0)	$ (8.0)

Comprehensive Income (Details 3) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Comprehensive Income (Details 3) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Income tax expense (benefit) allocated to other comprehensive (loss) income
Pension and other postretirement benefits	$ 2.7	$ 2.3	$ 3.9	$ 4.3
Cash flow hedges	(0.1)	0.3	(0.1)	0.6
Income tax expense related to components of other comprehensive loss (income)	$ 2.6	$ 2.6	$ 3.8	$ 4.9

Fair Value Measurements (Details) - USD ($) $ in Millions	Jun. 28, 2014	Dec. 28, 2013
Assets
Derivative assets	$ 3.9	$ 3.2
Liabilities
Derivative liabilities	10.4	4.7
Recurring
Assets
Trading securities	17.8	17.7
Short-term investments		114.5
Derivative assets	3.9	3.2
Liabilities
Derivative liabilities	10.4	4.7
Recurring \| Cash and Cash Equivalents
Assets
Trading securities	0.4	0.3
Recurring \| Other current assets
Assets
Trading securities	17.4	17.4
Quoted Prices in Active Markets (Level 1) \| Recurring
Assets
Trading securities	7.6	7.6
Derivative assets	0.1	0.1
Significant Other Observable Inputs (Level 2) \| Recurring
Assets
Trading securities	10.2	10.1
Short-term investments		114.5
Derivative assets	3.8	3.1
Liabilities
Derivative liabilities	$ 10.4	$ 4.7

Commitments and Contingencies (Details) $ in Millions		6 Months Ended
Commitments and Contingencies (Details) $ in Millions	Sep. 09, 2005 USD ($)	Jun. 28, 2014 USD ($) item
Environmental
Environmental site contingency number of sites \| item		11
Activity related to environmental liabilities
Beginning Balance		$ 29.6
Charges (reversals), net		1.1
Payments		(2.4)
Ending Balance		28.3
Short term environmental liabilities		10.0
Letters of credit
Guarantor Obligations
Unused borrowing capacity with various financial institutions		67.0
Guarantee receivable financing
Guarantor Obligations
Guarantee obligations		6.0
Mentor lease facility
Guarantor Obligations
Term of lease financing for commercial facility	10 years
Residual value guarantee	$ 31.5
Refinancing of lessor debt	$ 11.5
Mentor lease facility \| Long-term retirement benefits and other liabilities
Guarantor Obligations
Aggregate amount of lease commitment		$ 20.0

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Segment Reporting Information
Net sales	$ 1,615.8	$ 1,552.3	$ 3,165.9	$ 3,051.2
Interest expense	(15.6)	(14.8)	(31.0)	(27.0)
Income from continuing operations before taxes	77.1	109.5	164.9	190.6
Other expense (income), net	38.5	(0.3)	45.8	7.2
Intersegment
Segment Reporting Information
Net sales	19.8	17.4	39.1	35.0
Pressure-sensitive Materials \| Operating segments
Segment Reporting Information
Net sales	1,180.9	1,113.9	2,324.4	2,211.9
Income from continuing operations before taxes	86.5	117.5	198.5	222.4
Other expense (income), net	32.9	1.7	34.2	5.3
Pressure-sensitive Materials \| Intersegment
Segment Reporting Information
Net sales	16.7	16.5	32.9	33.0
Retail Branding and Information Solutions \| Operating segments
Segment Reporting Information
Net sales	414.4	419.6	802.1	802.3
Income from continuing operations before taxes	28.3	23.6	44.9	38.2
Other expense (income), net	5.6	6.0	11.6	9.0
Retail Branding and Information Solutions \| Intersegment
Segment Reporting Information
Net sales	0.6	0.6	1.4	1.0
Vancive Medical Technologies \| Operating segments
Segment Reporting Information
Net sales	20.5	18.8	39.4	37.0
Income from continuing operations before taxes	(1.7)	(2.8)	(4.3)	(5.5)
Vancive Medical Technologies \| Intersegment
Segment Reporting Information
Net sales	2.5	0.3	4.8	1.0
Corporate
Segment Reporting Information
Income from continuing operations before taxes	$ (20.4)	(14.0)	$ (43.2)	(37.5)
Other expense (income), net		$ (8.0)		$ (7.1)

Segment Information (Details 2) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Segment Information (Details 2) - USD ($) $ in Millions	Jun. 28, 2014	Jun. 29, 2013	Jun. 28, 2014	Jun. 29, 2013
Restructuring costs
Charges			$ 45.8
Other items:
Gain on sale of assets	$ (0.6)	$ (10.9)	(0.6)	$ (12.2)
Loss from curtailment of pension obligation	0.6		0.6
Legal settlement		2.5		2.5
Divestiture-related costs		0.3		1.0
Other expense (income), net	38.5	(0.3)	45.8	7.2
Severance and related costs
Restructuring costs
Charges	35.9	5.4	42.9	12.2
Asset impairment charges and lease and other contract cancellation costs
Restructuring costs
Charges	$ 2.6	$ 2.4	$ 2.9	$ 3.7