Company Quick10K Filing
Brunswick
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 88 $3,946
10-Q 2019-10-30 Quarter: 2019-09-28
10-Q 2019-08-02 Quarter: 2019-06-29
10-Q 2019-05-01 Quarter: 2019-03-30
10-K 2019-02-19 Annual: 2018-12-31
10-Q 2018-10-31 Quarter: 2018-09-29
10-Q 2018-08-01 Quarter: 2018-06-30
10-Q 2018-05-03 Quarter: 2018-03-31
10-K 2018-02-20 Annual: 2017-12-31
10-Q 2017-11-01 Quarter: 2017-09-30
10-Q 2017-08-02 Quarter: 2017-07-01
10-Q 2017-05-04 Quarter: 2017-04-01
10-K 2017-02-17 Annual: 2016-12-31
10-Q 2016-11-02 Quarter: 2016-10-01
10-Q 2016-08-03 Quarter: 2016-07-02
10-Q 2016-05-05 Quarter: 2016-04-02
10-K 2016-02-17 Annual: 2015-12-31
10-Q 2015-11-04 Quarter: 2015-10-03
10-Q 2015-08-05 Quarter: 2015-07-04
10-Q 2015-05-07 Quarter: 2015-04-04
10-K 2015-02-20 Annual: 2014-12-31
10-Q 2014-10-31 Quarter: 2014-09-27
10-Q 2014-07-31 Quarter: 2014-06-28
10-Q 2014-04-30 Quarter: 2014-03-29
10-K 2014-02-14 Annual: 2013-12-31
10-Q 2013-10-31 Quarter: 2013-09-28
10-Q 2013-07-31 Quarter: 2013-06-29
10-Q 2013-05-01 Quarter: 2013-03-30
10-K 2013-02-21 Annual: 2012-12-31
10-Q 2012-11-02 Quarter: 2012-09-29
10-Q 2012-08-03 Quarter: 2012-06-30
10-Q 2012-05-04 Quarter: 2012-03-31
10-K 2012-02-23 Annual: 2011-12-31
10-Q 2011-11-07 Quarter: 2011-10-01
10-Q 2011-08-09 Quarter: 2011-07-02
10-Q 2011-05-06 Quarter: 2011-04-02
10-K 2011-02-18 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-10-02
10-Q 2010-08-06 Quarter: 2010-07-03
10-Q 2010-05-07 Quarter: 2010-04-03
10-K 2010-02-23 Annual: 2009-12-31
8-K 2019-12-19 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-11-12 Enter Agreement, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-06-27 M&A, Exhibits
8-K 2019-05-13 Officers, Shareholder Vote
8-K 2019-05-06 Regulation FD, Exhibits
8-K 2019-05-05 Enter Agreement, Impairments, Exhibits
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-04 Officers, Exhibits
8-K 2019-03-15 Officers, Exhibits
8-K 2019-03-04 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-01-31 Earnings, Exhibits
8-K 2018-12-18 Other Events, Exhibits
8-K 2018-12-07 Officers, Exhibits
8-K 2018-12-07 Officers, Exhibits
8-K 2018-12-03 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-10-25 Officers, Exhibits
8-K 2018-10-16 Other Events, Exhibits
8-K 2018-10-03 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-09-26 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-08-07 M&A, Off-BS Arrangement, Other Events, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-19 Regulation FD
8-K 2018-07-18 Officers, Exhibits
8-K 2018-06-28 Enter Agreement, Other Events, Exhibits
8-K 2018-06-26 Exit Costs, Exhibits
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-03-01 Other Events, Exhibits
8-K 2018-02-01 Earnings, Exhibits
BC 2019-09-28
Part I - Financial Information
Item 1. Condensed Consolidated Financial Statements
Note 1 - Significant Accounting Policies
Note 2 - Revenue Recognition
Note 4 - Restructuring, Exit and Impairment Activities
Note 5 - Acquisitions
Note 6 - Financial Instruments
Note 7 - Fair Value Measurements
Note 8 - Share-Based Compensation
Note 9 - Commitments and Contingencies
Note 10 - Goodwill and Other Intangibles
Note 11 - Segment Data
Note 12 - Comprehensive Income
Note 13 - Income Taxes
Note 14 - Postretirement Benefits
Note 15 - Debt
Note 16 - Leases
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II - Other Information
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 6. Exhibits
EX-31.1 bc20190928ex311.htm
EX-31.2 bc20190928ex312.htm
EX-32.1 bc20190928ex321.htm
EX-32.2 bc20190928ex322.htm

Brunswick Earnings 2019-09-28

BC 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
BWXT 4,877 1,756 1,462 1,793 501 208 351 5,691 28% 16.2 12%
NVT 4,279 4,465 1,927 2,210 870 252 366 5,316 39% 14.5 6%
MKSI 4,199 3,382 1,436 1,885 851 215 394 4,759 45% 12.1 6%
MSM 3,971 2,324 870 3,359 1,438 295 499 4,463 43% 8.9 13%
BC 3,946 4,041 2,504 4,986 1,327 155 413 4,579 27% 11.1 4%
JBT 3,696 1,912 1,412 1,930 272 123 157 4,428 14% 28.2 6%
RXN 3,636 3,301 2,023 2,056 791 82 289 4,644 38% 16.1 2%
ESL 3,625 3,017 1,171 2,038 684 138 325 3,881 34% 11.9 5%
NOVT 3,299 783 397 629 266 49 101 3,447 42% 34.2 6%
EAF 3,254 1,726 2,436 1,943 1,156 823 1,132 5,084 59% 4.5 48%

Document
914000007420000017200000false--12-31Q320190000014930P15YP10YP15Y74000008700000840000000.190.190.190.210.210.210.750.750.752000000002000000002000000001025380001025380001025380008674000086757000824060000.073750.046252049-04-15000294100000500000001500000002000000000P1Y0M0DP1Y4M24D000P5YP1Y00P5Y7M6D65500000000P2Y10M24DP2Y10M24D100000157980001578100020132000 0000014930 2019-01-01 2019-09-28 0000014930 2019-09-28 0000014930 exch:XNYS bcorp:A6.625SeniorNotesdue2049Member 2019-01-01 2019-09-28 0000014930 exch:XNYS bcorp:A6.500SeniorNotesdue2048Member 2019-01-01 2019-09-28 0000014930 exch:XNYS us-gaap:CommonStockMember 2019-01-01 2019-09-28 0000014930 exch:XNYS bcorp:A6.375SeniorNotesdue2049Member 2019-01-01 2019-09-28 0000014930 2018-01-01 2018-09-29 0000014930 2019-06-30 2019-09-28 0000014930 2018-07-01 2018-09-29 0000014930 2018-12-31 0000014930 2018-09-29 0000014930 2017-12-31 0000014930 us-gaap:RetainedEarningsMember 2018-06-30 0000014930 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000014930 us-gaap:CommonStockMember 2018-09-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0000014930 us-gaap:RetainedEarningsMember 2018-03-31 0000014930 us-gaap:TreasuryStockMember 2018-01-01 2018-03-31 0000014930 us-gaap:TreasuryStockMember 2018-06-30 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-04-01 2018-06-30 0000014930 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0000014930 2018-01-01 2018-03-31 0000014930 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0000014930 us-gaap:AdditionalPaidInCapitalMember 2018-04-01 2018-06-30 0000014930 2018-04-01 2018-06-30 0000014930 us-gaap:TreasuryStockMember 2018-04-01 2018-06-30 0000014930 us-gaap:CommonStockMember 2018-07-01 2018-09-29 0000014930 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0000014930 us-gaap:RetainedEarningsMember 2018-04-01 2018-06-30 0000014930 us-gaap:AdditionalPaidInCapitalMember 2018-09-29 0000014930 us-gaap:CommonStockMember 2017-12-31 0000014930 us-gaap:CommonStockMember 2018-04-01 2018-06-30 0000014930 us-gaap:TreasuryStockMember 2018-09-29 0000014930 us-gaap:RetainedEarningsMember 2018-09-29 0000014930 2018-06-30 0000014930 us-gaap:TreasuryStockMember 2018-03-31 0000014930 us-gaap:TreasuryStockMember 2018-07-01 2018-09-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-29 0000014930 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000014930 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-29 0000014930 us-gaap:TreasuryStockMember 2017-12-31 0000014930 us-gaap:RetainedEarningsMember 2017-12-31 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000014930 2018-03-31 0000014930 us-gaap:CommonStockMember 2018-06-30 0000014930 us-gaap:CommonStockMember 2018-03-31 0000014930 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0000014930 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0000014930 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-30 0000014930 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-30 0000014930 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 2019-06-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-29 0000014930 us-gaap:AdditionalPaidInCapitalMember 2019-09-28 0000014930 us-gaap:CommonStockMember 2019-06-30 2019-09-28 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 2019-06-29 0000014930 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 2019-09-28 0000014930 2019-03-31 2019-06-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-28 0000014930 us-gaap:TreasuryStockMember 2019-06-30 2019-09-28 0000014930 us-gaap:RetainedEarningsMember 2018-12-31 0000014930 us-gaap:TreasuryStockMember 2019-01-01 2019-03-30 0000014930 2019-01-01 2019-03-30 0000014930 us-gaap:CommonStockMember 2018-12-31 0000014930 us-gaap:RetainedEarningsMember 2019-06-30 2019-09-28 0000014930 us-gaap:CommonStockMember 2019-03-31 2019-06-29 0000014930 us-gaap:RetainedEarningsMember 2019-03-31 2019-06-29 0000014930 us-gaap:CommonStockMember 2019-01-01 2019-03-30 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 2019-09-28 0000014930 us-gaap:TreasuryStockMember 2019-09-28 0000014930 us-gaap:AdditionalPaidInCapitalMember 2019-03-30 0000014930 us-gaap:TreasuryStockMember 2019-03-31 2019-06-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-30 0000014930 us-gaap:TreasuryStockMember 2018-12-31 0000014930 us-gaap:TreasuryStockMember 2019-03-30 0000014930 us-gaap:RetainedEarningsMember 2019-06-29 0000014930 us-gaap:RetainedEarningsMember 2019-09-28 0000014930 us-gaap:TreasuryStockMember 2019-06-29 0000014930 2019-03-30 0000014930 us-gaap:AdditionalPaidInCapitalMember 2019-06-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-30 0000014930 us-gaap:RetainedEarningsMember 2019-03-30 0000014930 us-gaap:CommonStockMember 2019-09-28 0000014930 us-gaap:CommonStockMember 2019-03-30 0000014930 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000014930 us-gaap:CommonStockMember 2019-06-29 0000014930 2019-06-29 0000014930 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000014930 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0000014930 2019-01-01 0000014930 srt:AsiaPacificMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:AluminumFreshwaterBoatsMember 2019-06-30 2019-09-28 0000014930 country:US bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:RecreationalFiberglassBoatsMember 2019-06-30 2019-09-28 0000014930 us-gaap:IntersegmentEliminationMember 2019-06-30 2019-09-28 0000014930 srt:AsiaPacificMember 2019-06-30 2019-09-28 0000014930 us-gaap:IntersegmentEliminationMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 us-gaap:IntersegmentEliminationMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 country:US 2019-06-30 2019-09-28 0000014930 bcorp:SaltwaterFishingBoatsMember 2019-06-30 2019-09-28 0000014930 bcorp:SaltwaterFishingBoatsMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:BusinessAccelerationMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:PropulsionMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:PartsandAccessoriesMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 country:CA 2019-06-30 2019-09-28 0000014930 srt:EuropeMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:BusinessAccelerationMember 2019-06-30 2019-09-28 0000014930 country:CA bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 srt:EuropeMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:RestofWorldMember 2019-06-30 2019-09-28 0000014930 bcorp:RecreationalFiberglassBoatsMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 srt:AsiaPacificMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:BusinessAccelerationMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:PartsandAccessoriesMember 2019-06-30 2019-09-28 0000014930 bcorp:AluminumFreshwaterBoatsMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:RestofWorldMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 srt:EuropeMember 2019-06-30 2019-09-28 0000014930 bcorp:RestofWorldMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:PropulsionMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:PartsandAccessoriesMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:PropulsionMember 2019-06-30 2019-09-28 0000014930 bcorp:RecreationalFiberglassBoatsMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 country:US bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 country:CA bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:SaltwaterFishingBoatsMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:AluminumFreshwaterBoatsMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:SaltwaterFishingBoatsMember 2018-01-01 2018-09-29 0000014930 bcorp:RestofWorldMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 bcorp:SaltwaterFishingBoatsMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 srt:AsiaPacificMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 us-gaap:IntersegmentEliminationMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:PropulsionMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 country:US 2018-01-01 2018-09-29 0000014930 bcorp:RecreationalFiberglassBoatsMember 2018-01-01 2018-09-29 0000014930 country:CA 2018-01-01 2018-09-29 0000014930 bcorp:BusinessAccelerationMember 2018-01-01 2018-09-29 0000014930 country:US bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 us-gaap:IntersegmentEliminationMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 srt:EuropeMember 2018-01-01 2018-09-29 0000014930 bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:SaltwaterFishingBoatsMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 bcorp:AluminumFreshwaterBoatsMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-29 0000014930 bcorp:RestofWorldMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 srt:EuropeMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 srt:AsiaPacificMember 2018-01-01 2018-09-29 0000014930 srt:EuropeMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 srt:AsiaPacificMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:PropulsionMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 bcorp:BusinessAccelerationMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 bcorp:PropulsionMember 2018-01-01 2018-09-29 0000014930 bcorp:RecreationalFiberglassBoatsMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 bcorp:AluminumFreshwaterBoatsMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:BusinessAccelerationMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:PartsandAccessoriesMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 country:CA bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:RestofWorldMember 2018-01-01 2018-09-29 0000014930 bcorp:RecreationalFiberglassBoatsMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 country:CA bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 bcorp:AluminumFreshwaterBoatsMember 2018-01-01 2018-09-29 0000014930 country:US bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:PartsandAccessoriesMember bcorp:MarineEngineMember 2018-01-01 2018-09-29 0000014930 bcorp:PartsandAccessoriesMember 2018-01-01 2018-09-29 0000014930 srt:EuropeMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:AluminumFreshwaterBoatsMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-29 0000014930 bcorp:SaltwaterFishingBoatsMember 2018-07-01 2018-09-29 0000014930 bcorp:PropulsionMember 2018-07-01 2018-09-29 0000014930 us-gaap:IntersegmentEliminationMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 srt:AsiaPacificMember 2018-07-01 2018-09-29 0000014930 country:CA bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:AluminumFreshwaterBoatsMember 2018-07-01 2018-09-29 0000014930 us-gaap:IntersegmentEliminationMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 srt:AsiaPacificMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 country:US bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 bcorp:PropulsionMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 country:CA 2018-07-01 2018-09-29 0000014930 bcorp:BusinessAccelerationMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 bcorp:RestofWorldMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:RestofWorldMember 2018-07-01 2018-09-29 0000014930 bcorp:RestofWorldMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 country:US bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:SaltwaterFishingBoatsMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 srt:EuropeMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 bcorp:BusinessAccelerationMember 2018-07-01 2018-09-29 0000014930 bcorp:RecreationalFiberglassBoatsMember 2018-07-01 2018-09-29 0000014930 bcorp:RecreationalFiberglassBoatsMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:BusinessAccelerationMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:PartsandAccessoriesMember 2018-07-01 2018-09-29 0000014930 bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 bcorp:SaltwaterFishingBoatsMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 srt:AsiaPacificMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 srt:EuropeMember 2018-07-01 2018-09-29 0000014930 bcorp:RecreationalFiberglassBoatsMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:AluminumFreshwaterBoatsMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:PartsandAccessoriesMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:PartsandAccessoriesMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 country:CA bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 country:US 2018-07-01 2018-09-29 0000014930 bcorp:PropulsionMember bcorp:MarineEngineMember 2018-07-01 2018-09-29 0000014930 2019-09-28 0000014930 2020-12-31 2019-09-28 0000014930 2019-06-29 2019-09-28 0000014930 2019-12-31 2019-09-28 0000014930 us-gaap:IntersegmentEliminationMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 srt:AsiaPacificMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 us-gaap:IntersegmentEliminationMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 srt:EuropeMember 2019-01-01 2019-09-28 0000014930 bcorp:RecreationalFiberglassBoatsMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:PropulsionMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 country:US bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:BusinessAccelerationMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 bcorp:PropulsionMember 2019-01-01 2019-09-28 0000014930 bcorp:RestofWorldMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:AluminumFreshwaterBoatsMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 srt:AsiaPacificMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 country:US bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 srt:EuropeMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-28 0000014930 bcorp:RecreationalFiberglassBoatsMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 bcorp:AluminumFreshwaterBoatsMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 country:CA bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 country:US 2019-01-01 2019-09-28 0000014930 bcorp:SaltwaterFishingBoatsMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 country:CA 2019-01-01 2019-09-28 0000014930 srt:EuropeMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 bcorp:PartsandAccessoriesMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 bcorp:RestofWorldMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 country:CA bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:PropulsionMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 bcorp:RecreationalFiberglassBoatsMember 2019-01-01 2019-09-28 0000014930 bcorp:PartsandAccessoriesMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:RestofWorldMember 2019-01-01 2019-09-28 0000014930 bcorp:AluminumFreshwaterBoatsMember 2019-01-01 2019-09-28 0000014930 bcorp:BusinessAccelerationMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:SaltwaterFishingBoatsMember 2019-01-01 2019-09-28 0000014930 bcorp:BusinessAccelerationMember 2019-01-01 2019-09-28 0000014930 srt:AsiaPacificMember 2019-01-01 2019-09-28 0000014930 bcorp:PartsandAccessoriesMember 2019-01-01 2019-09-28 0000014930 bcorp:SaltwaterFishingBoatsMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:FitnessMember 2018-12-31 0000014930 bcorp:FitnessMember 2018-09-29 0000014930 bcorp:FitnessMember 2019-06-27 0000014930 bcorp:FitnessMember 2019-05-06 2019-05-06 0000014930 bcorp:FitnessMember 2019-09-28 0000014930 bcorp:FitnessMember 2019-06-30 2019-09-28 0000014930 bcorp:FitnessMember 2019-01-01 2019-09-28 0000014930 bcorp:FitnessMember 2018-07-01 2018-09-29 0000014930 bcorp:FitnessMember 2018-01-01 2018-09-29 0000014930 us-gaap:CorporateMember 2018-09-29 0000014930 us-gaap:CorporateMember 2018-07-01 2018-09-29 0000014930 bcorp:RestructuringandExitActivitiesMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 bcorp:RestructuringandExitActivitiesMember 2018-01-01 2018-09-29 0000014930 bcorp:RestructuringandExitActivitiesMember us-gaap:CorporateMember 2019-01-01 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember 2018-01-01 2018-09-29 0000014930 us-gaap:CorporateMember 2018-01-01 2018-09-29 0000014930 us-gaap:CorporateMember 2019-01-01 2019-09-28 0000014930 bcorp:RestructuringandExitActivitiesMember us-gaap:CorporateMember 2018-01-01 2018-09-29 0000014930 bcorp:RestructuringandExitActivitiesMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 us-gaap:CorporateMember 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember us-gaap:CorporateMember 2018-01-01 2018-09-29 0000014930 bcorp:RestructuringandExitActivitiesMember 2019-01-01 2019-09-28 0000014930 bcorp:RestructuringandExitActivitiesMember bcorp:BoatMember 2019-01-01 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember 2019-01-01 2019-09-28 0000014930 bcorp:MarineEngineMember 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember us-gaap:CorporateMember 2019-01-01 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember bcorp:MarineEngineMember 2019-01-01 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember bcorp:BoatMember 2018-01-01 2018-09-29 0000014930 bcorp:BoatMember 2019-09-28 0000014930 bcorp:BoatMember 2018-09-29 0000014930 bcorp:RestructuringandExitActivitiesMember 2019-06-30 2019-09-28 0000014930 bcorp:RestructuringandExitActivitiesMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:RestructuringandExitActivitiesMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember us-gaap:CorporateMember 2019-06-30 2019-09-28 0000014930 bcorp:RestructuringandExitActivitiesMember 2018-07-01 2018-09-29 0000014930 bcorp:RestructuringandExitActivitiesMember us-gaap:CorporateMember 2019-06-30 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember bcorp:BoatMember 2018-07-01 2018-09-29 0000014930 bcorp:AssetdispositionandimpairmentactionsMember 2019-06-30 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember 2018-07-01 2018-09-29 0000014930 us-gaap:CorporateMember 2019-06-30 2019-09-28 0000014930 bcorp:RestructuringandExitActivitiesMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember bcorp:BoatMember 2019-06-30 2019-09-28 0000014930 bcorp:AssetdispositionandimpairmentactionsMember bcorp:MarineEngineMember 2019-06-30 2019-09-28 0000014930 bcorp:PowerProductsMember 2018-01-01 2018-09-29 0000014930 bcorp:PowerProductsMember 2019-06-30 2019-09-28 0000014930 bcorp:PowerProductsMember 2019-01-01 2019-09-28 0000014930 bcorp:PowerProductsMember 2018-07-01 2018-09-29 0000014930 bcorp:PowerProductsMember 2018-08-09 0000014930 bcorp:PowerProductsMember us-gaap:CustomerRelationshipsMember 2018-08-09 0000014930 bcorp:PowerProductsMember us-gaap:TradeNamesMember 2018-08-09 0000014930 2018-08-09 0000014930 bcorp:PowerProductsMember 2019-01-01 2019-03-30 0000014930 bcorp:FreedomBoatClubMember us-gaap:CustomerRelationshipsMember 2019-05-21 0000014930 bcorp:FreedomBoatClubMember 2019-05-21 0000014930 bcorp:PowerProductsMember 2018-08-09 2018-08-09 0000014930 bcorp:PowerProductsMember 2019-03-31 2019-06-29 0000014930 bcorp:FreedomBoatClubMember us-gaap:TradeNamesMember 2019-05-21 0000014930 bcorp:FreedomBoatClubMember us-gaap:FranchiseRightsMember 2019-05-21 0000014930 2019-05-21 2019-05-21 0000014930 bcorp:PowerProductsMember us-gaap:CustomerRelationshipsMember 2018-08-09 2018-08-09 0000014930 bcorp:FreedomBoatClubMember us-gaap:FranchiseRightsMember 2019-05-21 2019-05-21 0000014930 bcorp:FreedomBoatClubMember us-gaap:CustomerRelationshipsMember 2019-05-21 2019-05-21 0000014930 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2018-01-01 2018-09-29 0000014930 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2019-01-01 2019-09-28 0000014930 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2018-07-01 2018-09-29 0000014930 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2019-06-30 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-07-01 2018-09-29 0000014930 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-06-30 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-29 0000014930 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-07-01 2018-09-29 0000014930 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-01-01 2018-09-29 0000014930 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2018-01-01 2018-09-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2019-06-30 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-01-01 2018-09-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-29 0000014930 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2019-01-01 2019-09-28 0000014930 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-06-30 2019-09-28 0000014930 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-06-30 2019-09-28 0000014930 us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-01-01 2018-09-29 0000014930 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2018-07-01 2018-09-29 0000014930 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-07-01 2018-09-29 0000014930 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2019-06-30 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-28 0000014930 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-01-01 2019-09-28 0000014930 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-28 0000014930 us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-28 0000014930 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-09-29 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000014930 us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-28 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-12-31 0000014930 us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-09-29 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-12-31 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-09-29 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-28 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-28 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-09-29 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-09-29 0000014930 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-28 0000014930 us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-09-29 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-09-29 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-28 0000014930 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-28 0000014930 us-gaap:AccountsPayableAndAccruedLiabilitiesMember us-gaap:ForeignExchangeContractMember us-gaap:CashFlowHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-28 0000014930 us-gaap:OtherNoncurrentAssetsMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-09-29 0000014930 us-gaap:OtherNoncurrentLiabilitiesMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-09-29 0000014930 bcorp:ForwardstartinginterestrateswapMember 2018-01-01 2018-09-29 0000014930 bcorp:SeniorNotesDue2021Member 2018-12-31 0000014930 us-gaap:ForeignExchangeContractMember 2019-01-01 2019-09-28 0000014930 us-gaap:ForeignExchangeForwardMember 2018-12-31 0000014930 bcorp:DebenturesDue2023Member us-gaap:InterestRateSwapMember 2018-12-31 0000014930 bcorp:DebenturesDue2023Member 2018-12-31 0000014930 us-gaap:ForeignExchangeOptionMember 2018-09-29 0000014930 bcorp:SeniorNotesDue2021Member us-gaap:InterestRateSwapMember 2018-12-31 0000014930 us-gaap:ForeignExchangeOptionMember 2018-12-31 0000014930 bcorp:ForwardstartinginterestrateswapMember 2019-01-01 2019-09-28 0000014930 bcorp:DebenturesDue2023Member 2019-09-28 0000014930 us-gaap:ForeignExchangeForwardMember 2018-09-29 0000014930 bcorp:DebenturesDue2023Member us-gaap:InterestRateSwapMember 2019-09-28 0000014930 us-gaap:ForeignExchangeForwardMember 2019-09-28 0000014930 bcorp:ForwardstartinginterestrateswapMember 2018-01-01 2018-12-31 0000014930 us-gaap:InterestRateSwapMember 2018-12-31 0000014930 us-gaap:ForeignExchangeOptionMember 2019-09-28 0000014930 us-gaap:NondesignatedMember 2019-06-30 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2019-06-30 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-01-01 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-06-30 2019-09-28 0000014930 us-gaap:NondesignatedMember 2018-07-01 2018-09-29 0000014930 us-gaap:NondesignatedMember 2018-01-01 2018-09-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-07-01 2018-09-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-28 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-01-01 2018-09-29 0000014930 us-gaap:NondesignatedMember 2019-01-01 2019-09-28 0000014930 bcorp:SeniorNotesDue2021Member 2018-09-29 0000014930 bcorp:SeniorNotesDue2021Member us-gaap:InterestRateSwapMember 2018-09-29 0000014930 us-gaap:InterestRateSwapMember 2018-09-29 0000014930 bcorp:DebenturesDue2023Member us-gaap:InterestRateSwapMember 2018-09-29 0000014930 bcorp:DebenturesDue2023Member 2018-09-29 0000014930 us-gaap:FairValueMeasurementsRecurringMember 2019-09-28 0000014930 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-28 0000014930 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2019-09-28 0000014930 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000014930 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000014930 us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0000014930 us-gaap:FairValueMeasurementsRecurringMember 2018-06-30 0000014930 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-06-30 0000014930 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2018-06-30 0000014930 us-gaap:PerformanceSharesMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2019-01-01 2019-09-28 0000014930 us-gaap:PerformanceSharesMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2018-01-01 2018-09-29 0000014930 us-gaap:PerformanceSharesMember 2019-01-01 2019-09-28 0000014930 us-gaap:RestrictedStockUnitsRSUMember 2019-01-01 2019-09-28 0000014930 us-gaap:RestrictedStockUnitsRSUMember 2019-09-28 0000014930 us-gaap:PerformanceSharesMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2018-09-29 0000014930 us-gaap:PerformanceSharesMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2019-01-01 2019-09-28 0000014930 us-gaap:PerformanceSharesMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2019-09-28 0000014930 us-gaap:PerformanceSharesMember 2019-09-28 0000014930 us-gaap:PerformanceSharesMember 2018-07-01 2018-09-29 0000014930 us-gaap:PerformanceSharesMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2018-01-01 2018-09-29 0000014930 us-gaap:PerformanceSharesMember 2019-06-30 2019-09-28 0000014930 us-gaap:PerformanceSharesMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2018-09-29 0000014930 us-gaap:PerformanceSharesMember 2018-01-01 2018-09-29 0000014930 us-gaap:PerformanceSharesMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2019-09-28 0000014930 us-gaap:RestrictedStockUnitsRSUMember 2018-01-01 2018-09-29 0000014930 us-gaap:RestrictedStockUnitsRSUMember 2018-07-01 2018-09-29 0000014930 us-gaap:RestrictedStockUnitsRSUMember 2019-06-30 2019-09-28 0000014930 bcorp:CobaltBoatsLLCMember us-gaap:JudicialRulingMember 2017-01-01 2017-12-31 0000014930 bcorp:CobaltBoatsLLCMember us-gaap:JudicialRulingMember 2019-05-31 2019-05-31 0000014930 bcorp:BoatMember 2018-12-31 0000014930 bcorp:MarineEngineMember 2018-12-31 0000014930 bcorp:MarineEngineMember 2018-09-29 0000014930 us-gaap:OtherIntangibleAssetsMember 2018-09-29 0000014930 us-gaap:OtherIntangibleAssetsMember 2018-12-31 0000014930 us-gaap:CustomerRelationshipsMember 2018-09-29 0000014930 us-gaap:CustomerRelationshipsMember 2019-09-28 0000014930 us-gaap:OtherIntangibleAssetsMember 2019-09-28 0000014930 us-gaap:TradeNamesMember 2018-12-31 0000014930 us-gaap:CustomerRelationshipsMember 2018-12-31 0000014930 us-gaap:TradeNamesMember 2018-09-29 0000014930 us-gaap:TradeNamesMember 2019-09-28 0000014930 bcorp:MarineEngineMember 2017-12-31 0000014930 bcorp:BoatMember 2017-12-31 0000014930 us-gaap:SegmentContinuingOperationsMember 2019-06-30 2019-09-28 0000014930 bcorp:TotalMarineMember 2018-01-01 2018-09-29 0000014930 bcorp:TotalMarineMember 2018-07-01 2018-09-29 0000014930 us-gaap:SegmentContinuingOperationsMember 2018-07-01 2018-09-29 0000014930 bcorp:TotalMarineMember 2019-01-01 2019-09-28 0000014930 bcorp:TotalMarineMember 2019-06-30 2019-09-28 0000014930 us-gaap:SegmentContinuingOperationsMember 2019-01-01 2019-09-28 0000014930 us-gaap:SegmentContinuingOperationsMember 2018-01-01 2018-09-29 0000014930 us-gaap:CorporateMember 2018-12-31 0000014930 bcorp:TotalMarineMember 2019-09-28 0000014930 us-gaap:SegmentContinuingOperationsMember 2018-09-29 0000014930 us-gaap:SegmentContinuingOperationsMember 2018-12-31 0000014930 bcorp:TotalMarineMember 2018-09-29 0000014930 bcorp:TotalMarineMember 2018-12-31 0000014930 us-gaap:SegmentContinuingOperationsMember 2019-09-28 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2019-01-01 2019-09-28 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2019-09-28 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-09-28 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2018-12-31 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2019-01-01 2019-09-28 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-28 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2018-12-31 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-09-28 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-28 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-12-31 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2019-09-28 0000014930 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-06-30 0000014930 2018-01-01 2018-06-30 0000014930 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedTranslationAdjustmentMember 2018-04-01 2018-06-30 0000014930 2019-01-01 2019-06-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2018-04-01 2018-06-30 0000014930 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedTranslationAdjustmentMember 2019-03-31 2019-06-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2018-01-01 2018-06-30 0000014930 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-06-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2019-01-01 2019-06-29 0000014930 us-gaap:InterestRateContractMember us-gaap:InterestExpenseMember 2019-03-31 2019-06-29 0000014930 us-gaap:ForeignExchangeContractMember us-gaap:CostOfSalesMember 2019-03-31 2019-06-29 0000014930 us-gaap:InterestRateContractMember us-gaap:InterestExpenseMember 2019-01-01 2019-06-29 0000014930 us-gaap:InterestRateContractMember us-gaap:InterestExpenseMember 2018-04-01 2018-06-30 0000014930 us-gaap:InterestRateContractMember us-gaap:InterestExpenseMember 2018-01-01 2018-06-30 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-06-29 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-30 2019-09-28 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-06-30 2019-09-28 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2019-06-30 2019-09-28 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2019-06-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2019-06-30 2019-09-28 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2019-06-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2018-06-30 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2018-07-01 2018-09-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2018-09-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2018-06-30 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-07-01 2018-09-29 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-09-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2018-07-01 2018-09-29 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-06-30 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2018-07-01 2018-09-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2018-09-29 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2018-06-30 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2018-09-29 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-01-01 2018-09-29 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2018-01-01 2018-09-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2018-01-01 2018-09-29 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceCostCreditMember 2017-12-31 0000014930 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2017-12-31 0000014930 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-09-29 0000014930 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2017-12-31 0000014930 bcorp:BrunswickPensionPlanForSalariedEmployeesandBrunswickPensionPlanForHourlyBargainingUnitEmployeesMember 2019-01-01 2019-09-28 0000014930 us-gaap:NonqualifiedPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-28 0000014930 us-gaap:QualifiedPlanMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-29 0000014930 us-gaap:QualifiedPlanMember us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-28 0000014930 us-gaap:NonqualifiedPlanMember us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-29 0000014930 us-gaap:PensionPlansDefinedBenefitMember 2019-01-01 2019-09-28 0000014930 us-gaap:PensionPlansDefinedBenefitMember 2018-07-01 2018-09-29 0000014930 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-07-01 2018-09-29 0000014930 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-01-01 2019-09-28 0000014930 us-gaap:PensionPlansDefinedBenefitMember 2018-01-01 2018-09-29 0000014930 us-gaap:PensionPlansDefinedBenefitMember 2019-06-30 2019-09-28 0000014930 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2018-01-01 2018-09-29 0000014930 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2019-06-30 2019-09-28 0000014930 bcorp:BrunswickPensionPlanForSalariedEmployeesandBrunswickPensionPlanForHourlyBargainingUnitEmployeesMember 2019-06-30 2019-09-28 0000014930 bcorp:A3YearTrancheLoanMember us-gaap:UnsecuredDebtMember 2018-08-09 0000014930 bcorp:SeniorNotesDue2049Member us-gaap:UnsecuredDebtMember 2019-03-04 2019-03-04 0000014930 us-gaap:LineOfCreditMember 2019-09-28 0000014930 bcorp:SeniorNotesDue2049Member us-gaap:UnsecuredDebtMember 2019-03-04 0000014930 us-gaap:LineOfCreditMember 2019-01-01 2019-09-28 0000014930 bcorp:SeniorNotesDue2021Member us-gaap:UnsecuredDebtMember 2019-07-03 0000014930 us-gaap:CostOfSalesMember 2019-06-30 2019-09-28 0000014930 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-06-30 2019-09-28 0000014930 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-28 0000014930 us-gaap:CostOfSalesMember 2019-01-01 2019-09-28 0000014930 srt:MaximumMember 2019-09-28 0000014930 srt:MinimumMember 2019-09-28 0000014930 2018-01-01 2018-12-31 iso4217:USD iso4217:USD xbrli:shares xbrli:shares xbrli:pure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended September 28, 2019
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
For the transition period from                      to                     

Commission file number 001-01043
____________
 smallhiresc15.jpg
Brunswick Corporation

(Exact name of registrant as specified in its charter)
Delaware
 
36-0848180
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)
26125 N. Riverwoods Blvd., Suite 500, Mettawa, IL 60045-3420

(Address of principal executive offices, including zip code)
(847) 735-4700  

(Registrant’s telephone number, including area code) 
 N/A

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes   No
 
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes   No
 
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):
Large Accelerated Filer
Accelerated Filer
 
 
 
 
Non-accelerated Filer
Smaller reporting company
 
 
 
 
Emerging growth company
 
 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
 
Trading Symbol(s)
 
Name of Each Exchange on Which Registered
Common stock, par value $0.75 per share
 
BC
 
New York Stock Exchange
6.500% Senior Notes due 2048
 
BC-A
 
New York Stock Exchange
6.625% Senior Notes due 2049
 
BC-B
 
New York Stock Exchange
6.375% Senior Notes due 2049
 
BC-C
 
New York Stock Exchange
The number of shares of Common Stock ($0.75 par value) of the registrant outstanding as of October 28, 2019 was 81,573,656.



BRUNSWICK CORPORATION
INDEX TO QUARTERLY REPORT ON FORM 10-Q
September 28, 2019
 
 
TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION
Page
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PART II – OTHER INFORMATION
 
 
 
 
 
 
 
 
 
 
 


Table of Contents

PART I - FINANCIAL INFORMATION

Item 1. Condensed Consolidated Financial Statements

BRUNSWICK CORPORATION
Condensed Consolidated Statements of Comprehensive Income
(unaudited)

 
Three Months Ended
 
Nine Months Ended
(in millions, except per share data)
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
Net sales
$
976.6

 
$
1,044.1

 
$
3,190.8

 
$
3,159.8

Cost of sales
699.7

 
765.8

 
2,306.4

 
2,357.2

Selling, general and administrative expense
120.1

 
141.3

 
380.0

 
378.9

Research and development expense
29.7

 
29.4

 
91.9

 
91.7

Restructuring, exit and impairment charges
7.4

 
9.4

 
16.0

 
46.2

Operating earnings
119.7

 
98.2

 
396.5

 
285.8

Equity earnings
1.9

 
1.6

 
5.4

 
4.0

Pension settlement charge
(294.1
)
 

 
(294.1
)
 

Other income (expense), net
0.1

 
(0.7
)
 
(1.6
)
 
(3.5
)
Earnings (loss) before interest and income taxes
(172.4
)
 
99.1

 
106.2

 
286.3

Interest expense
(18.8
)
 
(13.1
)
 
(59.4
)
 
(28.0
)
Interest income
1.6

 
1.0

 
2.4

 
2.3

Transaction financing charges

 
(5.1
)
 

 
(5.1
)
Earnings (loss) before income taxes
(189.6
)
 
81.9

 
49.2

 
255.5

Income tax provision
43.3

 
6.7

 
93.8

 
48.4

Net earnings (loss) from continuing operations
(232.9
)
 
75.2

 
(44.6
)
 
207.1

 
 
 
 
 
 
 
 
Discontinued operations:
 
 
 
 
 
 
 
Earnings (loss) from discontinued operations, net of tax
(2.9
)
 
(5.2
)
 
(108.5
)
 
14.8

Loss on disposal of discontinued operations, net of tax
(3.5
)
 

 
(45.0
)
 

Net earnings (loss) from discontinued operations, net of tax
(6.4
)
 
(5.2
)
 
(153.5
)
 
14.8

Net earnings (loss)
$
(239.3
)
 
$
70.0

 
$
(198.1
)
 
$
221.9

 
 
 
 
 
 
 
 
Earnings (loss) per common share:
 
 
 
 
 
 
 
Basic
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
(2.74
)
 
$
0.86

 
$
(0.52
)
 
$
2.36

Earnings (loss) from discontinued operations
(0.08
)
 
(0.06
)
 
(1.77
)
 
0.17

Net earnings (loss)
$
(2.82
)
 
$
0.80

 
$
(2.29
)
 
$
2.53

 
 
 
 
 
 
 
 
Diluted
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
(2.74
)
 
$
0.86

 
$
(0.52
)
 
$
2.35

Earnings (loss) from discontinued operations
(0.08
)
 
(0.06
)
 
(1.77
)
 
0.16

Net earnings (loss)
$
(2.82
)
 
$
0.80

 
$
(2.29
)
 
$
2.51

 
 
 
 
 
 
 
 
Weighted average shares used for computation of:
 
 
 
 
 
 
 
Basic earnings (loss) per common share
85.0

 
87.3

 
86.5

 
87.7

Diluted earnings (loss) per common share
85.0

 
87.9

 
86.5

 
88.3

 
 
 
 
 
 
 
 
Comprehensive income
$
53.9

 
$
72.5

 
$
111.7

 
$
225.0

 
 
 
 
 
 
 
 
The Notes to Condensed Consolidated Financial Statements are an integral part of these consolidated statements.

 
 
 
 

3

Table of Contents

BRUNSWICK CORPORATION
Condensed Consolidated Balance Sheets
(unaudited)
(in millions)
September 28,
2019
 
December 31,
2018
 
September 29,
2018
Assets
 
 
 
 
 
Current assets
 
 
 
 
 
Cash and cash equivalents, at cost, which approximates fair value
$
366.2

 
$
294.4

 
$
302.4

Restricted cash
11.6

 
9.0

 
9.5

Short-term investments in marketable securities
0.8

 
0.8

 
0.8

Total cash and short-term investments in marketable securities
378.6

 
304.2

 
312.7

Accounts and notes receivable, less allowances of $8.4, $8.7 and $7.4
414.7

 
351.8

 
392.5

Inventories
 
 
 
 
 
Finished goods
532.3

 
490.8

 
441.8

Work-in-process
102.4

 
94.1

 
102.3

Raw materials
175.5

 
189.1

 
180.5

Net inventories
810.2

 
774.0

 
724.6

Prepaid expenses and other
90.1

 
72.9

 
66.4

Current assets held for sale

 
377.2

 
370.0

Current assets
1,693.6

 
1,880.1

 
1,866.2

 
 
 
 
 
 
Property
 

 
 

 
 

Land
17.8

 
16.5

 
16.5

Buildings and improvements
403.9

 
359.8

 
335.2

Equipment
1,061.7

 
983.0

 
935.4

Total land, buildings and improvements and equipment
1,483.4

 
1,359.3

 
1,287.1

Accumulated depreciation
(849.4
)
 
(791.9
)
 
(794.2
)
Net land, buildings and improvements and equipment
634.0

 
567.4

 
492.9

Unamortized product tooling costs
129.7

 
127.1

 
123.0

Net property
763.7

 
694.5

 
615.9

 
 
 
 
 
 
Other assets
 

 
 

 
 

Goodwill
414.0

 
377.3

 
377.7

Other intangibles, net
591.0

 
585.8

 
594.0

Operating lease assets
82.4

 

 

Deferred income tax asset
67.4

 
97.8

 
107.1

Equity investments
27.8

 
32.6

 
26.4

Other long-term assets
14.5

 
13.1

 
11.7

Long-term assets held for sale

 
610.3

 
623.0

Other assets
1,197.1

 
1,716.9

 
1,739.9

 
 
 
 
 
 
Total assets
$
3,654.4

 
$
4,291.5

 
$
4,222.0

 
 
 
 
 
 
The Notes to Condensed Consolidated Financial Statements are an integral part of these consolidated statements.

4

Table of Contents

BRUNSWICK CORPORATION
Condensed Consolidated Balance Sheets
(unaudited)

(in millions)
September 28,
2019
 
December 31,
2018
 
September 29,
2018
Liabilities and shareholders’ equity
 
 
 
 
 
Current liabilities
 
 
 
 
 
Short-term debt and current maturities of long-term debt
$
48.5

 
$
41.3

 
$
338.8

Accounts payable
347.6

 
458.2

 
415.2

Accrued expenses
507.9

 
502.1

 
485.5

Current liabilities held for sale

 
255.0

 
245.1

Current liabilities
904.0

 
1,256.6

 
1,484.6

 
 
 
 
 
 
Long-term liabilities
 

 
 

 
 

Debt
1,083.0

 
1,179.5

 
891.0

Operating lease liabilities
69.7

 

 

Postretirement benefits
68.1

 
71.6

 
75.5

Other
111.4

 
101.6

 
116.7

Long-term liabilities held for sale

 
99.6

 
96.1

Long-term liabilities
1,332.2

 
1,452.3

 
1,179.3

 
 
 
 
 
 
Shareholders’ equity
 

 
 

 
 

Common stock; authorized: 200,000,000 shares, $0.75 par value; issued: 102,538,000 shares; outstanding: 82,406,000, 86,757,000 and 86,740,000 shares
76.9

 
76.9

 
76.9

Additional paid-in capital
367.3

 
371.1

 
365.9

Retained earnings
1,883.5

 
2,135.7

 
2,110.5

Treasury stock, at cost: 20,132,000, 15,781,000 and 15,798,000 shares
(856.2
)
 
(638.0
)
 
(638.5
)
Accumulated other comprehensive loss
(53.3
)
 
(363.1
)
 
(356.7
)
Shareholders’ equity
1,418.2

 
1,582.6

 
1,558.1

 
 
 
 
 
 
Total liabilities and shareholders’ equity
$
3,654.4

 
$
4,291.5

 
$
4,222.0

 
 
 
 
 
 
The Notes to Condensed Consolidated Financial Statements are an integral part of these consolidated statements.

5

Table of Contents

BRUNSWICK CORPORATION
Condensed Consolidated Statements of Cash Flows
(unaudited)
 
Nine Months Ended
(in millions)
September 28,
2019
 
September 29,
2018
Cash flows from operating activities
 
 
 
Net earnings (loss)
$
(198.1
)
 
$
221.9

Less: net earnings (loss) from discontinued operations, net of tax
(153.5
)
 
14.8

Net earnings (loss) from continuing operations
(44.6
)
 
207.1

Stock compensation expense
12.2

 
11.5

Depreciation and amortization
101.5

 
85.5

Pension expense, net of (funding)
291.6

 
(157.0
)
Asset impairment charges
2.9

 
31.7

Deferred income taxes
(12.1
)
 
33.8

Changes in certain current assets and current liabilities
(197.2
)
 
(46.1
)
Long-term extended warranty contracts and other deferred revenue
8.6

 
8.4

Income taxes
87.2

 
9.3

Other, net
4.1

 
5.8

Net cash provided by operating activities of continuing operations
254.2

 
190.0

Net cash (used for) provided by operating activities of discontinued operations
(37.9
)
 
44.0

Net cash provided by operating activities
216.3

 
234.0

 
 
 
 
Cash flows from investing activities
 

 
 

Capital expenditures
(178.4
)
 
(113.3
)
Investments
4.7

 
(2.2
)
Acquisition of businesses, net of cash acquired
(64.1
)
 
(910.0
)
Proceeds from the sale of property, plant and equipment
6.4

 
0.2

Other, net

 
(0.2
)
Net cash used for investing activities of continuing operations
(231.4
)
 
(1,025.5
)
Net cash provided by (used for) investing activities of discontinued operations
481.9

 
(5.2
)
Net cash provided by (used for) investing activities
250.5

 
(1,030.7
)
 
 
 
 
Cash flows from financing activities
 

 
 

Proceeds from issuances of short-term debt
655.0

 
298.9

Payments of short-term debt
(655.0
)
 

Net proceeds from issuances of long-term debt
223.4

 
497.7

Payments of long-term debt including current maturities
(318.3
)
 
(0.7
)
Common stock repurchases
(231.1
)
 
(75.0
)
Cash dividends paid
(54.1
)
 
(49.6
)
Proceeds from share-based compensation activity
0.9

 
1.4

Tax withholding associated with shares issued for share-based compensation
(9.8
)
 
(12.5
)
Other, net
(0.2
)
 
(6.2
)
Net cash (used for) provided by financing activities
(389.2
)
 
654.0

 
 
 
 
Effect of exchange rate changes
(3.2
)
 
(3.6
)
Net increase (decrease) in Cash and cash equivalents and Restricted cash
74.4

 
(146.3
)
Cash and cash equivalents and Restricted cash at beginning of period
303.4

 
458.2

 
 
 
 
Cash and cash equivalents and Restricted cash at end of period
377.8

 
311.9

     Less: Restricted cash
11.6

 
9.5

Cash and cash equivalents at end of period
$
366.2

 
$
302.4

 
 
 
 
The Notes to Condensed Consolidated Financial Statements are an integral part of these consolidated statements.

 
 
 

6

Table of Contents

Brunswick Corporation
Condensed Consolidated Statements of Shareholders' Equity
(unaudited)
(in millions, except per share data)
Common Stock
 
Additional Paid-in Capital
 
Retained Earnings
 
Treasury Stock
 
Accumulated Other Comprehensive Income (Loss)
 
Total
Balance at December 31, 2018
$
76.9

 
$
371.1

 
$
2,135.7

 
$
(638.0
)
 
$
(363.1
)
 
$
1,582.6

Net loss

 

 
(36.3
)
 

 

 
(36.3
)
Other comprehensive income

 

 

 

 
1.0

 
1.0

Dividends ($0.21 per common share)

 

 
(18.3
)
 

 

 
(18.3
)
Compensation plans and other

 
(11.2
)
 

 
9.1

 

 
(2.1
)
Balance at March 30, 2019
76.9

 
359.9

 
2,081.1

 
(628.9
)
 
(362.1
)
 
1,526.9

Net earnings

 

 
77.5

 

 

 
77.5

Other comprehensive income

 

 

 

 
15.6

 
15.6

Dividends ($0.21 per common share)

 

 
(18.1
)
 

 

 
(18.1
)
Compensation plans and other

 
3.1

 

 
2.1

 

 
5.2

Common stock repurchases

 

 

 
(69.8
)
 

 
(69.8
)
Balance at June 29, 2019
76.9

 
363.0

 
2,140.5

 
(696.6
)
 
(346.5
)
 
1,537.3

Net loss

 

 
(239.3
)
 

 

 
(239.3
)
Other comprehensive income

 

 

 

 
293.2

 
293.2

Dividends ($0.21 per common share)

 

 
(17.7
)