Quarterly report pursuant to Section 13 or 15(d)

Segment Data

v2.4.0.6
Segment Data
 3 Months Ended
Mar. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Note 10 – Segment Data

Brunswick is a manufacturer and marketer of leading consumer brands and operates in four reportable segments: Marine Engine, Boat, Fitness and Bowling & Billiards.  The Company’s segments are defined by management’s reporting structure and operating activities.

The Company evaluates performance based on business segment operating earnings.  Operating earnings of segments do not include the expenses of corporate administration, non-service related pension costs, earnings from unconsolidated equity affiliates, other expenses and income of a non-operating nature, interest expense and income, loss on early extinguishment of debt or provisions for income taxes.

As a result of freezing benefit accruals in its defined benefit pension plans, the Company allocates only service-related costs to the operating segment results and reports all other components of pension expense, such as Interest cost, Expected return on plan assets and Amortization of net actuarial losses, in Pension - non-service costs.

Corporate/Other results include items such as corporate staff and administrative costs.  Corporate/Other total assets consist of mainly cash, cash equivalents and investments in marketable securities, restricted cash, income tax balances and investments in unconsolidated affiliates.  Marine eliminations adjust for sales between the Marine Engine and Boat segments, which are consummated at established arm’s length transfer prices.








The following table sets forth net sales and operating earnings (loss) of each of the Company's reportable segments for the three months ended March 30, 2013 and March 31, 2012:

Operating Segments
 
Net Sales
 
Operating Earnings (Loss)
 
Three Months Ended
 
Three Months Ended
(in millions)
March 30,
2013
 
March 31,
2012
 
March 30,
2013
 
March 31,
2012
Marine Engine
$
521.8

 
$
489.4

 
$
71.5

 
$
47.9

Boat
289.7

 
291.8

 
2.4

 
10.5

Marine eliminations
(67.6
)
 
(68.6
)
 
—

 
—

Total Marine
743.9

 
712.6

 
73.9

 
58.4

Fitness
166.2

 
157.1

 
24.5

 
23.7

Bowling & Billiards
85.2

 
89.9

 
14.9

 
14.4

Pension - non-service costs
—

 
—

 
(4.9
)
 
(5.7
)
Corporate/Other
—

 
—

 
(18.5
)
 
(15.5
)
Total
$
995.3

 
$
959.6

 
$
89.9

 
$
75.3



The following table sets forth total assets of each of the Company's reportable segments:
 
Total Assets
(in millions)
March 30,
2013
 
December 31,
2012
Marine Engine
$
887.1

 
$
728.0

Boat
345.2

 
333.7

     Total Marine
1,232.3

 
1,061.7

Fitness
535.7

 
558.9

Bowling & Billiards
249.4

 
251.7

Corporate/Other
426.7

 
551.9

Total
$
2,444.1

 
$
2,424.2