3-Year Historical Segment Results

Segment Reporting Update

Segment information is prepared on the same basis that management reviews financial information for operational decision
making purposes. Effective at the beginning of fiscal 2013, we decentralized certain leadership functions in the areas of retail
marketing and category management, global store development and partner resources, to support and align with the respective
operating segment presidents. In conjunction with these moves, certain general and administrative and depreciation and
amortization expenses associated with these functions, which were previously reported as unallocated corporate expenses
within "Other," are now reported within the respective reportable operating segments to align with the regions which they
support.
Concurrent with the change in reportable operating segments and realignment of certain operating expenses noted above, we
revised our prior period financial information to reflect comparable financial information for the new segment structure and
reporting changes. There was no impact on consolidated net revenues, total operating expenses, operating income, or net
earnings as a result of these changes.
The tables below present reportable segment results, net of intersegment eliminations, as recast (unaudited, in millions):
Americas

Q1

Q2

2012
Q3

Q4

Full Year

2011
Full Year

2010
Full Year

Net revenues:
Company-operated stores
Licensed stores
CPG, foodservice and other
Total net revenues

2,356.2
216.4
6.0
2,578.6

2,170.2
198.9
5.6
2,374.7

2,256.6
208.3
6.3
2,471.2

2,294.2
202.2
15.3
2,511.7

9,077.0
825.8
33.2
9,936.0

8,365.5
676.7
22.8
9,065.0

7,865.8
598.3
24.4
8,488.5

Cost of sales including occupancy costs

Store operating expenses
Other operating expenses
Depreciation and amortization expenses
General and administrative expenses
Restructuring charges
Total operating expenses
Gain on sale of properties
Income from equity investees
Operating income

1,006.7
874.8
20.5
97.1
30.6

2,029.7

548.9

941.6
837.4
18.7
97.2
32.4

1,927.3

2.1
449.5

965.1
858.1
20.2
97.2
31.9

1,972.5

498.7

972.0
857.6
24.4
100.9
33.2

1,988.1

523.6

3,885.5
3,427.8
83.8
392.4
128.2

7,917.7

2.1
2,020.4

3,512.7
3,184.2
75.8
391.4
127.3

7,291.4

1.6
1,775.2

3,258.5
3,083.3
63.1
394.2
132.4
28.4
6,959.9

0.9
1,529.5

EMEA
Q1

Q2

2012
Q3

Q4

Full Year

2011
Full Year

2010
Full Year

Net revenues:
Company-operated stores
Licensed stores
CPG, foodservice and other
Total net revenues

264.3
31.2
7.5
303.0

233.5
31.1
7.8
272.4

237.1
36.8
8.1
282.0

233.2
40.4
10.1
283.7

968.3
139.5
33.5
1,141.3

905.5
112.2
29.1
1,046.8

844.9
81.7
26.8
953.4

Cost of sales including occupancy costs

Store operating expenses
Other operating expenses
Depreciation and amortization expenses
General and administrative expenses
Restructuring charges
Total operating expenses
Gain on sale of properties
Income from equity investees
Operating income/(loss)

150.4
93.8
8.6
14.2
17.4

284.4

0.3
18.9

143.9
91.9
8.9
14.3
20.4

279.4

(7.0)

149.8
88.2
8.4
14.4
19.6

280.4

1.6

153.2
97.1
7.6
14.2
18.3

290.4

(6.7)

597.3
371.1
33.6
57.1
75.7

1,134.8

0.3
6.8

530.3
327.3
36.5
53.4
66.4

1,013.9

6.0
38.9

471.8
324.5
36.1
50.6
60.9
24.5
968.4

6.8
(8.2)

Full Year

2011
Full Year

2010
Full Year

China and Asia Pacific

Q1

Q2

2012
Q3

Q4

Net revenues:
Company-operated stores
Licensed stores
CPG, foodservice and other
Total net revenues

111.3
55.6

166.9

117.5
57.1

174.6

121.9
59.9

181.8

138.5
59.5

198.0

489.2
232.2

721.4

361.4
190.9

552.3

252.8
154.5

407.3

Cost of sales including occupancy costs

Store operating expenses
Other operating expenses
Depreciation and amortization expenses
General and administrative expenses
Restructuring charges
Total operating expenses
Gain on sale of properties
Income from equity investees
Operating income

84.5
27.1
11.4
5.0
9.2

137.2

27.6
57.3

86.8
27.2
9.7
5.6
10.0

139.3

32.9
68.2

91.5
29.7
11.3
5.8
12.3

150.6

30.1
61.3

100.1
35.2
14.6
6.7
7.6

164.2

31.8
65.6

362.8
119.2
47.0
23.2
39.0

591.2

122.4
252.6

282.0
83.4
35.7
18.1
34.7

453.9

92.9
191.3

213.4
64.1
30.0
15.8
31.0
0.1
354.4

73.1
126.0

Channel Development

Q1

Q2

2012
Q3

Q4

Full Year

2011
Full Year

2010
Full Year

Net revenues:
CPG
Foodservice
Total net revenues

247.1
88.7
335.8

237.4
84.1
321.5

232.6
83.8
316.4

235.0
83.5
318.5

952.1
340.1
1,292.2

553.2
307.3
860.5

425.6
281.8
707.4

Cost of sales
Other operating expenses
Depreciation and amortization expenses
General and administrative expenses
Restructuring charges
Total operating expenses
Gain on sale of properties
Income from equity investees
Operating income

220.6
50.1
0.4
3.8

274.9

17.0
77.9

204.7
49.3
0.3
4.9

259.2

17.2
79.5

201.1
47.8
0.3
4.2

253.4

21.2
84.2

201.2
43.8
0.3
4.1

249.4

29.8
98.9

827.6
191.1
1.3
17.0

1,037.0

85.2
340.4

487.5
151.8
2.4
10.9

652.6

75.6
283.5

383.2
115.6
3.7
6.8

509.3

70.6
268.7

Full Year

2011
Full Year

2010
Full Year

Other

Q1
Net revenues:
Licensed stores
CPG, foodservice and other
Total net revenues
Cost of sales
Other operating expenses
Depreciation and amortization expenses
General and administrative expenses
Restructuring charges
Total operating expenses
Gain on sale of properties
Income from equity investees
Operating loss

Q2

2012
Q3

Q4

3.4
48.2
51.6

3.2
49.5
52.7

3.2
49.0
52.2

3.2
49.1
52.3

12.8
195.8
208.6

27.7
148.1
175.8

40.7
110.1
150.8

33.9
16.1
18.1
130.5

198.6

(147.0)

34.9
18.7
19.7
139.2

212.5

(159.8)

38.6
18.2
19.0
131.0

206.8

0.4
(154.2)

32.7
21.5
19.6
140.6

214.4

0.3
(161.8)

140.1
74.4
76.3
541.3

832.1

0.7
(622.8)

103.0
93.0
58.0
510.0

764.0
30.2
(2.4)
(560.4)

89.6
34.9
46.1
473.5

644.1

(3.3)
(496.6)