Newell Rubbermaid Inc.  2010 Annual Report Operating income for 2009 was $274.7 million, or 11.6% of net sales, an increase of $56.4 million, or 25.8%, from $218.3 million, or 8.2% of net sales, for 2008.
The 340 basis point improvement in operating margin was primarily due to moderating input costs, product line exits and rationalizations and productivity improvements.
In the aggregate, these improvements contributed 450 basis points to the net expansion in operating margin and were partially offset by unfavorable mix and an increase in SG&A expenses as a percentage of net sales.
Office Products Net sales for 2009 were $1,674.7 million, a decrease of $316.1 million, or 15.9%, from $1,990.8 million for 2008.
Core sales declined 6.5%, which was primarily attributable to weak consumer demand both domestically and internationally and inventory destocking at the retail level.
Reduced sales relating to product line exits and rationalizations and unfavorable foreign currency contributed an additional 6.0% and 3.4%, respectively, to the year-over-year decline.
Operating income for 2009 was $235.2 million, or 14.0% of net sales, an increase of $22.8 million, or 10.7%, from $212.4 million, or 10.7% of net sales for 2008.
The 330 basis point improvement in operating margin was primarily attributable to product line exits and rationalizations.
In constant currency, SG&A expenses as a percentage of net sales in 2009 were comparable to 2008.
Tools, Hardware & Commercial Products Net sales for 2009 were $1,525.7 million, a decrease of $299.3 million, or 16.4%, from $1,825.0 million for 2008.
Core sales declined 15.8% as sales volumes were negatively impacted by inventory management by retail, commercial and industrial customers; continued softness in the residential construction market, both domestically and internationally; and sustained weakness in industrial and commercial channels.
Unfavorable foreign currency contributed an additional 2.0% decline, and the Technical Concepts acquisition increased sales $26.2 million, or 1.4%, versus the prior year.
Operating income for 2009 was $245.6 million, or 16.1% of net sales, a decrease of $26.1 million, or 9.6%, from $271.7 million, or 14.9% of net sales, for 2008.
The 120 basis point expansion in operating margin was primarily driven by the moderation of input costs compared to the prior year and improved product mix, which combined contributed 190 basis points to the expansion, as well as productivity gains, all of which were partially offset by the adverse impacts of lower production volumes.
The lower production volumes were primarily the result of aggressive management of inventory levels by the Company’s customers and lower sales resulting from weak demand.
In constant currency, SG&A expenses as a percentage of net sales in 2009 were comparable to 2008.
LIQUIDITY AND CAPITAL RESOURCES Cash Flows Cash and cash equivalents increased (decreased) as follows for the year ended December 31, (in millions):
## Table 0 ##
In the cash flow statement, the changes in operating assets and liabilities are presented excluding the effects of changes in foreign currency exchange rates and the effects of acquisitions.
Accordingly, the amounts in the cash flow statement differ from changes in the operating assets and liabilities that are presented in the balance sheets.
Sources Historically, the Company’s primary sources of liquidity and capital resources have included cash provided by operations, issuance of debt and use of available borrowing facilities.
Cash provided by operating activities for 2010 was $582.6 million compared to $602.8 million for 2009.
This reduction is primarily attributable to changes in working capital, specifically accounts receivable, inventory and accounts payable, as net changes in working capital generated cash of $237.5 million in 2009, as the Company implemented initiatives to significantly reduce inventory in 2009 due to the global economic downturn.
The cash provided by net reductions in working capital in 2009 compared to a use of cash for working capital of $79.0 million in 2010.
The year-over-year decline in cash provided by working capital of $316.5 million was offset by the following items: ?
a $55.0 million increase in operating income; ?
an $11.2 million decline in cash paid for interest; ?
a $31.7 million decline in cash paid for income taxes; ?
a $25.0 million decline in voluntary contributions to the Company’s primary U. S.  defined benefit pension plan, from $75.0 million in 2009 to $50.0 million in 2010; and ?
$126.6 million of cash used in 2009 to settle foreign exchange contracts on intercompany financing arrangements, which is included in accrued liabilities and other in 2009, with similar settlements not occurring in 2010.
2011 Financial Statements and Related Information 18 Newell RubbeRmaId 2011 Annual Report Selected Financial data The following is a summary of certain consolidated financial information relating to the Company as of and for the year ended December 31, (in millions, except per share data).
The summary has been derived in part from, and should be read in conjunction with, the Consolidated Financial Statements of the Company included elsewhere in this report and the schedules thereto.
## Table 1 ##
(1) Supplemental data regarding 2011, 2010 and 2009 is provided in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations.
(2) 2010, 2009, 2008 and 2007 Statement of Operations information has been adjusted to reclassify the results of operations of the hand torch and solder business to discontinued operations.
(3) Restructuring costs include asset impairment charges, employee severance and termination benefits, employee relocation costs, and costs associated with exited contractual commitments and other restructuring costs.
(4) Loss from discontinued operations, net of tax, attributable to noncontrolling interests was not material.
(5) Working capital is defined as Current Assets less Current Liabilities.18 Newell RubbeRmaId 2011 Annual Report
2011 Financial Statements and Related Information The Company received proceeds of $634.8 million from the issuance of debt in 2009.
In March 2009, the Company completed the offering and sale of $300.0 million of 10.60% notes due 2019 and $345.0 million 5.5% senior convertible notes due 2014 (the “Convertible Notes”).
The $624.3 million of net proceeds from these note issuances were used to complete the tender offers to repurchase $325.0 million principal amount of medium-term notes and purchase convertible note hedge transactions and for general corporate purposes.
Also related to the issuance of the Convertible Notes, the Company entered into warrant transactions in which the Company sold warrants to third parties for approximately $32.7 million.
During 2009, the Company borrowed and repaid $70.0 million under a 364-day receivables facility that was implemented in September 2009 and borrowed and repaid $125.0 million under its syndicated revolving credit facility.
Uses Historically, the Company’s primary uses of liquidity and capital resources have included dividend payments, share repurchases, capital expenditures, payments on debt and acquisitions.
During 2011, the Company repaid the remaining $150.0 million outstanding principal amount of the unsecured three-year $400.0 million term loan (the “Term Loan”).
In connection with the extinguishments of $20.2 million principal amount of the Convertible Notes, the Company paid $3.1 million in cash to the holders of such Convertible Notes during 2011.
In 2010, the Company completed a cash tender offer for $279.3 million of the $300.0 million principal amount of 10.60% notes due 2019 and paid cash of $402.2 million upon settlement.
Pursuant to the Plan, the Company also completed an exchange offer for $324.7 million of the $345.0 million principal amount of Convertible Notes (the “Exchange Offer”) and issued 37.7 million shares of common stock and paid cash consideration of $52.0 million to holders accepting the Exchange Offer.
The Company made payments on medium-term notes and other debt of $108.6 million and made payments of $200.0 million on its Term Loan during 2010.
The Company made aggregate payments on short- and long-term debt of $1,113.0 million during 2009.
The $1,113.0 million of repayments in 2009 includes $329.7 million used to complete tender offers to repurchase $180.1 million principal amount of the $250.0 million medium-term notes due December 2009 and $144.9 million principal amount of the $250.0 million medium-term notes due May 2010 (the “Tender Offers”), the $448.0 million repayment of the floating-rate note issued under the Company’s 2001 receivables facility, the repayment of $125.0 million of borrowings under a syndicated revolving credit facility, a $50.0 million principal payment on the Term Loan, and the repayment of the remaining $69.9 million principal amount outstanding of the $250.0 million medium-term notes due December 2009.
Also, as part of the convertible note hedge transactions entered into in March 2009, the Company purchased call options from third parties for $69.0 million.
Aggregate dividends paid were $84.9 million, $55.4 million and $71.4 million for 2011, 2010 and 2009, respectively.
The Company’s Board of Directors approved a 60% increase in the Company’s quarterly dividend from $0.05 per share to $0.08 per share, effective with the quarterly dividend paid in June 2011.
In August 2011, the Company announced a $300.0 million share repurchase program (the “SRP”).
The SRP is authorized to run for a period of three years ending in August 2014.
During 2011, the Company repurchased and retired 3.4 million shares pursuant to the SRP for $46.1 million.
Capital expenditures were $222.9 million, $164.7 million and $153.3 million for 2011, 2010 and 2009, respectively.
The largest single capital project in all periods was the implementation of SAP, which represented $65.4 million, $45.3 million and $47.2 million of capital expenditures for 2011, 2010 and 2009, respectively.
The Company purchased noncontrolling interests in consolidated subsidiaries for $29.2 million during 2009.
During 2011, the Company paid $20.0 million in connection with acquisitions and acquisition-related activity.
Cash used for restructuring activities is included in changes in accrued liabilities and other in the Consolidated Statements of Cash Flows.
Cash used for restructuring activities was $39.5 million, $72.8 million and $84.0 million for 2011, 2010 and 2009, respectively, and is included in the cash provided by operating activities.
These payments relate primarily to employee severance, termination benefits and relocation costs.
Cash Conversion Cycle The Company defines its cash conversion cycle as the sum of inventory and accounts receivable days outstanding (based on cost of products sold and net sales, respectively, for the most recent three-month period, including discontinued operations) minus accounts payable days outstanding (based on cost of products sold for the most recent three-month period, including discontinued operations) at the end of the year.
The following table depicts the Company’s cash conversion cycle at December 31, (in number of days):
## Table 2 ##
The Company’s cash conversion cycle is impacted by the seasonality of its businesses and generally tends to be longer in the first and second quarters, based on historical trends, due to inventory build-ups early in the year for seasonal sales activity and credit terms provided to customers.
The Company’s cash conversion cycle at December 31, 2011 approximated its cash conversion cycle at December 31, 2010 and 2009.
The Company has leveraged the implementation of SAP in North America to improve working capital, with a focus on reducing the number of days of inventory on hand.
The improvement in days of inventory on hand over the period from 2009 to 2011 was offset by an inventory build-up in late 2011 in advance of the SAP go-live in the European region planned for the first half of 2012 and increased safety stocks in North America related to the planned closure of the Greenville, Texas manufacturing facility.
2011 Financial Statements and Related Information In accordance with generally accepted accounting principles, actual results that differ from the assumptions are accumulated and amortized over future periods, and therefore, generally affect recognized expense and the recorded obligation in future periods.
While management believes that the assumptions used are appropriate, differences in actual experience or changes in assumptions may affect the Company’s pension and other postretirement plan obligations and future expense.
See Footnote 13 of the Notes to Consolidated Financial Statements for additional information on the assumptions used.
The following tables summarize the Company’s pension and other postretirement plan assets and obligations included in the Consolidated Balance Sheet as of December 31, 2011 (in millions):
## Table 3 ##
The following table summarizes the net pretax cost associated with pensions and other postretirement benefit obligations in the Consolidated Statement of Operations for the year ended December 31, (in millions):
## Table 4 ##
The Company used weighted-average discount rates of 5.3% to determine the expenses for 2011 for the pension and postretirement plans.
The Company used a weighted-average expected return on assets of 7.3% to determine the expense for the pension plans for 2011.
The following table illustrates the sensitivity to a change in certain assumptions for the pension and postretirement plan expenses, holding all other assumptions constant (in millions):
## Table 5 ##
The total projected benefit obligations of the Company’s pension and postretirement plans as of December 31, 2011 were $1.59 billion and $165.2 million, respectively.
The Company used a weighted-average discount rate of 4.6% to determine the projected benefit obligations for the pension and postretirement plans as of December 31, 2011.
The following table illustrates the sensitivity to a change in certain assumptions for the projected benefit obligation for the pension and postretirement plans, holding all other assumptions constant (in millions):

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td> 2010</td><td> 2009</td><td> 2008</td></tr><tr><td>Cash provided by operating activities</td><td>$582.6</td><td>$602.8</td><td>$454.9</td></tr><tr><td>Cash used in investing activities</td><td>-153.4</td><td>-149.4</td><td>-804.1</td></tr><tr><td>Cash (used in) provided by financing activities</td><td>-571.9</td><td>-427.0</td><td>306.0</td></tr><tr><td>Exchange rate effect on cash and cash equivalents</td><td>4.0</td><td>-23.5</td><td>-10.6</td></tr><tr><td>(Decrease) increase in cash and cash equivalents</td><td>$-138.7</td><td>$2.9</td><td>$-53.8</td></tr></table>
<table><tr><td></td><td>2011<sup>-1</sup></td><td>2010<sup>-1 (2)</sup></td><td>2009<sup>-1 (2)</sup></td><td>2008<sup>-2</sup></td><td>2007<sup>-2</sup></td></tr><tr><td>STATEMENTS OF OPERATIONS DATA</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net sales</td><td>$5,864.6</td><td>$5,658.2</td><td>$5,483.4</td><td>$6,340.9</td><td>$6,256.7</td></tr><tr><td>Cost of products sold</td><td>3,659.4</td><td>3,509.5</td><td>3,453.3</td><td>4,245.8</td><td>4,034.1</td></tr><tr><td>Gross margin</td><td>2,205.2</td><td>2,148.7</td><td>2,030.1</td><td>2,095.1</td><td>2,222.6</td></tr><tr><td>Selling, general and administrative expenses</td><td>1,515.3</td><td>1,447.8</td><td>1,354.8</td><td>1,478.3</td><td>1,403.4</td></tr><tr><td>Impairment charges</td><td>382.6</td><td>—</td><td>—</td><td>296.3</td><td>—</td></tr><tr><td>Restructuring costs<sup>-3</sup></td><td>50.1</td><td>77.4</td><td>100.0</td><td>120.3</td><td>86.0</td></tr><tr><td>Operating income</td><td>257.2</td><td>623.5</td><td>575.3</td><td>200.2</td><td>733.2</td></tr><tr><td>Nonoperating expenses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense, net</td><td>86.2</td><td>118.4</td><td>140.0</td><td>137.9</td><td>104.1</td></tr><tr><td>Losses related to extinguishments of debt</td><td>4.8</td><td>218.6</td><td>4.7</td><td>52.2</td><td>—</td></tr><tr><td>Other expense (income), net</td><td>13.7</td><td>-7.3</td><td>2.0</td><td>6.9</td><td>4.2</td></tr><tr><td>Net nonoperating expenses</td><td>104.7</td><td>329.7</td><td>146.7</td><td>197.0</td><td>108.3</td></tr><tr><td>Income before income taxes</td><td>152.5</td><td>293.8</td><td>428.6</td><td>3.2</td><td>624.9</td></tr><tr><td>Income taxes</td><td>17.9</td><td>5.6</td><td>142.8</td><td>50.9</td><td>146.9</td></tr><tr><td>Income (loss) from continuing operations</td><td>134.6</td><td>288.2</td><td>285.8</td><td>-47.7</td><td>478.0</td></tr><tr><td>(Loss) income from discontinued operations, net of tax<sup>(4)</sup></td><td>-9.4</td><td>4.6</td><td>-0.3</td><td>-2.6</td><td>-7.8</td></tr><tr><td>Net income (loss)</td><td>125.2</td><td>292.8</td><td>285.5</td><td>-50.3</td><td>470.2</td></tr><tr><td>Net income noncontrolling interests</td><td>—</td><td>—</td><td>—</td><td>2.0</td><td>3.1</td></tr><tr><td>Net income (loss) controlling interests</td><td>$125.2</td><td>$292.8</td><td>$285.5</td><td>$-52.3</td><td>$467.1</td></tr><tr><td>Weighted-average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>293.6</td><td>282.4</td><td>280.8</td><td>279.9</td><td>278.6</td></tr><tr><td>Diluted</td><td>296.2</td><td>305.4</td><td>294.4</td><td>279.9</td><td>287.6</td></tr><tr><td>Earnings (loss) per share:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income (loss) from continuing operations</td><td>$0.46</td><td>$1.02</td><td>$1.02</td><td>$-0.18</td><td>$1.70</td></tr><tr><td>(Loss) income from discontinued operations</td><td>-0.03</td><td>0.02</td><td>—</td><td>-0.01</td><td>-0.03</td></tr><tr><td>Net income (loss) controlling interests</td><td>$0.43</td><td>$1.04</td><td>$1.02</td><td>$-0.18</td><td>$1.68</td></tr><tr><td>Diluted:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income (loss) from continuing operations</td><td>$0.45</td><td>$0.94</td><td>$0.97</td><td>$-0.18</td><td>$1.70</td></tr><tr><td>(Loss) income from discontinued operations</td><td>-0.03</td><td>0.02</td><td>—</td><td>-0.01</td><td>-0.03</td></tr><tr><td>Net income (loss) controlling interests</td><td>$0.42</td><td>$0.96</td><td>$0.97</td><td>$-0.18</td><td>$1.67</td></tr><tr><td>Dividends</td><td>$0.29</td><td>$0.20</td><td>$0.26</td><td>$0.84</td><td>$0.84</td></tr><tr><td>BALANCE SHEET DATA</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories, net</td><td>$699.9</td><td>$701.6</td><td>$688.2</td><td>$912.1</td><td>$940.4</td></tr><tr><td>Working capital<sup>-5</sup></td><td>487.1</td><td>466.1</td><td>422.6</td><td>159.7</td><td>87.9</td></tr><tr><td>Total assets</td><td>6,160.9</td><td>6,405.3</td><td>6,423.9</td><td>6,792.5</td><td>6,682.9</td></tr><tr><td>Short-term debt, including current portion of long-term debt</td><td>367.5</td><td>305.0</td><td>493.5</td><td>761.0</td><td>987.5</td></tr><tr><td>Long-term debt, net of current portion</td><td>1,809.3</td><td>2,063.9</td><td>2,015.3</td><td>2,118.3</td><td>1,197.4</td></tr><tr><td>Total stockholders’ equity</td><td>$1,852.6</td><td>$1,905.5</td><td>$1,782.2</td><td>$1,588.6</td><td>$2,222.1</td></tr></table>
<table><tr><td></td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>Accounts receivable</td><td>61</td><td>62</td><td>57</td></tr><tr><td>Inventory</td><td>68</td><td>69</td><td>70</td></tr><tr><td>Accounts payable</td><td>-46</td><td>-47</td><td>-44</td></tr><tr><td>Cash conversion cycle</td><td>83</td><td>84</td><td>83</td></tr></table>
<table><tr><td></td><td>U.S.</td><td>International</td></tr><tr><td>Pension plan assets and obligations, net:</td><td></td><td></td></tr><tr><td>Prepaid benefit cost</td><td>$—</td><td>$23.9</td></tr><tr><td>Accrued current benefit cost</td><td>-17.7</td><td>-4.6</td></tr><tr><td>Accrued noncurrent benefit cost</td><td>-402.3</td><td>-71.1</td></tr><tr><td>Net liability recognized in the Consolidated Balance Sheet</td><td>$-420.0</td><td>$-51.8</td></tr><tr><td></td><td></td><td>U.S.</td></tr><tr><td>Other postretirement benefit obligations:</td><td></td><td></td></tr><tr><td>Accrued current benefit cost</td><td></td><td>$-13.6</td></tr><tr><td>Accrued noncurrent benefit cost</td><td></td><td>-151.6</td></tr><tr><td>Liability recognized in the Consolidated Balance Sheet</td><td></td><td>$-165.2</td></tr></table>
<table><tr><td></td><td>2011</td><td>2010</td><td>2009</td></tr><tr><td>Net pension cost</td><td>$19.5</td><td>$21.5</td><td>$18.1</td></tr><tr><td>Net postretirement benefit costs</td><td>8.4</td><td>9.2</td><td>8.7</td></tr><tr><td>Total</td><td>$27.9</td><td>$30.7</td><td>$26.8</td></tr></table>
<table><tr><td></td><td>Impact on 2011Expense</td></tr><tr><td>25 basis point decrease in discount rate</td><td>$1.0</td></tr><tr><td>25 basis point increase in discount rate</td><td>$-1.0</td></tr><tr><td>25 basis point decrease in expected return on assets</td><td>$2.8</td></tr><tr><td>25 basis point increase in expected return on assets</td><td>$-2.8</td></tr></table>

Question: What was the total amount of Weighted-average shares outstanding in 2011?
Answer: 589.8
Reasoning program: add(293.6,296.2)