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| CFN > SEC Filings for CFN > Form 8-K on 13-Nov-2009 | All Recent SEC Filings |
13-Nov-2009
Other Events, Financial Statements and Exhibits
As previously disclosed, on August 31, 2009, Cardinal Health, Inc. ("Cardinal Health") completed the spinoff of CareFusion Corporation ("CareFusion" or the "Company") through a pro rata distribution to Cardinal Health shareholders of approximately 81% of the Company's outstanding common stock. In connection with the spinoff, Cardinal Health retained certain lines of business that manufacture and sell surgical and exam gloves, drapes and apparel and fluid management products in the U.S. markets and that were historically managed by CareFusion prior to the spinoff, which were part of the clinical and medical products businesses of Cardinal Health.
For the fiscal year ended June 30, 2009, these businesses were reported in the Company's financial statements on an as-managed basis. In connection with the spinoff, effective as of August 31, 2009, these businesses have been reclassified by the Company as discontinued operations. In addition, as disclosed in CareFusion's Quarterly Report on Form 10-Q for the period ended September 30, 2009, the Company committed to a plan to dispose its Audiology business during the quarter ended September 30, 2009, and subsequently sold the business on October 1, 2009. As a result, this business has been reclassified by the Company as discontinued operations.
This current report on Form 8-K is filed in order to disclose the effect of these reclassifications on certain financial information included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2009 (the "Form 10-K"), namely Selected Historical Condensed Combined Financial Data (attached as Exhibit 99.1), Management's Discussion and Analysis of Financial Condition and Results of Operations (attached as Exhibit 99.2), the Combined Financial Statements and Notes thereto and Financial Statement Schedule -Valuation and Qualifying Accounts (attached as Exhibit 99.3). This information should be read in conjunction with the portions of the Form 10-K that are not subject to the foregoing changes, as well as the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2009. In addition, the Company has provided supplemental financial information (attached as Exhibit 99.4) that reflects these reclassifications on the Company's quarterly financial information for each of the quarters in the year ended June 30, 2009.
(d) Exhibits
Exhibit
No. Description of Exhibit
23 Consent of Independent Registered Public Accounting Firm.*
99.1 Selected Historical Condensed Combined Financial Data.*
99.2 Management's Discussion and Analysis of Financial Condition and
Results of Operations.*
99.3 Combined Financial Statements as of June 30, 2009 and 2008, and for
Each of the Three Years in the Period Ended June 30, 2009, including
Notes thereto and Financial Statement Schedule - Valuation and
Qualifying Accounts.*
99.4 Supplemental quarterly financial information for each of the quarters
in the year ended June 30, 2009.*
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* Filed herewith.
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