Herbalife Ltd. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Basis of Presentation (Tables)

Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2014

At December 31, 2014 and 2013, the Company’s net property, plant and equipment consisted of the following (in millions):


	December 31,
	2014			2013
Property, plant and equipment — at cost:
Land and Building		22.2			22.2
Furniture and fixtures		11.4			12.3
Equipment		578.5			482.0
Building and leasehold improvements		147.8			130.2

		759.9			646.7
Less: accumulated depreciation and amortization		(393.2	)		(327.8	)

Net property, plant and equipment	$	366.7		$	318.9

Components of Accumulated Other Comprehensive Income (Loss)

Components of accumulated other comprehensive income (loss) consisted of the following (in million):


	December 31,
	2014			2013			2012
Foreign currency translation adjustment, net of tax	$	(96.4	)	$	(25.6	)	$	(28.8	)
Unrealized gain/(loss) on derivatives, net of tax		18.0			5.7			(2.9	)
Unrealized gain on available-for-sale investments, net of tax		0.2			0.1			—

Total accumulated other comprehensive income (loss)	$	(78.2	)	$	(19.8	)	$	(31.7	)

Common Share Amounts Used to Compute Basic and Diluted Earnings per Share

The following are the common share amounts used to compute the basic and diluted earnings per share for each period (in millions):


	Year Ended December 31,
	2014		2013		2012
Weighted average shares used in basic computations		86.3		102.6		112.4
Dilutive effect of exercise of equity grants outstanding		4.5		4.8		5.5

Weighted average shares used in diluted computations		90.8		107.4		117.9

Investments in Venezuelan Bonds

The Company’s investments in these bonds as of December 31, 2014 are summarized as follows:


	Amortized Costs		Gross Unrealized Gain		Gross Unrealized Loss		Net Unrealized Gain		Market Value
	(In millions)
Investments in Venezuelan bonds	$	3.4	$	0.3	$	—	$	0.3	$	3.7

Schedule of Amortized Cost and Estimated Fair Value of Bonds by Contractual Maturity

The amortized cost and estimated fair value of these bonds as of December 31, 2014 by contractual maturity are as follows:


	Amortized Cost		Estimated Market Value
	(In millions)
Contractual Maturity
Due in 1 year or less	$	—	$	—
Due in 1-2 years		—		—
Due in 2-5 years		—		—
Due after 5 years		3.4		3.7

Total investments	$	3.4	$	3.7

- Definition

Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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