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| <NonNumbericText> <div> <p style="margin-top: 18px; margin-bottom: 0px;"> </p><font style="font-family: Times New Roman;" class="_mt" size="3"><b>Note 12 — Preferred Stock </b></font> <p> </p> <div> <p style="margin-top: 6px; margin-bottom: 0px;" align="justify"><font style="font-family: Times New Roman;" class="_mt" size="3">As of December 25, 2010 and December 26, 2009, there were <font class="_mt">3</font> million shares of convertible preferred stock authorized. The preferred stock was issued for an ESOP established by Quaker and these shares are redeemable for common stock by the ESOP participants. The preferred stock accrues dividends at an annual rate of $<font class="_mt">5.46</font> per share. At year-end 2010 and 2009, there were <font class="_mt">803,953</font> preferred shares issued and <font class="_mt">227,653</font> and <font class="_mt">243,553</font> shares outstanding, respectively. The outstanding preferred shares had a fair value of $<font class="_mt">74</font> million as of December 25, 2010 and $<font class="_mt">73</font> million as of December 26, 2009. Each share is convertible at the option of the holder into <font class="_mt">4.9625</font> shares of common stock. The preferred shares may be called by us upon written notice at $<font class="_mt">78</font> per share plus accrued and unpaid dividends. Quaker made the final award to its ESOP plan in June 2001. </font></p> <p style="margin-top: 12px; margin-bottom: 0px; font-size: 1px;"> </p> <table border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr><td width="53%"> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td> <td valign="bottom" width="4%"> </td> <td> </td> <td> </td> <td> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>2010</b></font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3">2009</font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="6" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3">2008</font></td> <td valign="bottom"> </td></tr> <tr><td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>Shares<font style="font-family: Times New Roman;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font></b></font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>Amount</b></font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3">Shares</font><font style="font-family: Times New Roman;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3">Amount</font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" nowrap="nowrap" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3">Shares</font><font style="font-family: Times New Roman;" class="_mt" size="1"><sup style="position: relative; bottom: 0.8ex; vertical-align: baseline;">(a)</sup></font></td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td style="border-bottom: #000000 1px solid;" valign="bottom" colspan="2" align="center"><font style="font-family: Times New Roman;" class="_mt" size="3">Amount</font></td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: Times New Roman;" class="_mt" size="3"><b><i>Preferred stock</i></b></font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>0.8</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>41</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">41</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">0.8</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">41</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: Times New Roman;" class="_mt" size="3"><b><i>Repurchased preferred stock</i></b></font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: Times New Roman;" class="_mt" size="3">Balance, beginning of year</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>0.6</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>145</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">138</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">132</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td></tr> <tr><td valign="top"> <p style="text-indent: -1em; margin-left: 3em;"><font style="font-family: Times New Roman;" class="_mt" size="3">Redemptions</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>— </b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>5</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">0.1</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">7</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">— </font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td style="border-top: #000000 1px solid;" valign="bottom"> </td> <td> </td></tr> <tr bgcolor="#cceeff"><td valign="top"> <p style="text-indent: -1em; margin-left: 1em;"><font style="font-family: Times New Roman;" class="_mt" size="3">Balance, end of year</font></p></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>0.6</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>$</b></font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3"><b>150</b></font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"><b> </b></font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">0.6</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">145</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"> </td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">0.5</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td> <td valign="bottom"><font class="_mt" size="1"> </font></td> <td valign="bottom"><font style="font-family: Times New Roman;" class="_mt" size="3">$</font></td> <td valign="bottom" align="right"><font style="font-family: Times New Roman;" class="_mt" size="3">138</font></td> <td valign="bottom" nowrap="nowrap"><font style="font-family: Times New Roman;" class="_mt" size="3"> </font></td></tr> <tr style="font-size: 1px;"><td valign="bottom"> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td> <td valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td style="border-top: #000000 3px double;" valign="bottom"> </td> <td> </td></tr></table> <p style="margin-top: 0px; margin-bottom: 0px; font-size: 12px;"> </p> <table style="border-collapse: collapse;" class="MetaData" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr><td valign="top" width="5%" align="left"><font style="font-family: Times New Roman;" class="_mt" size="3">(a)</font></td> <td class="MetaData" valign="top" align="left"> <p align="justify"><font style="font-family: Times New Roman;" class="_mt" size="3">In millions. </font></p></td></tr></table></div> </div> </NonNumbericText> |
| <NonNumericTextHeader> Note 12 — Preferred Stock As of December 25, 2010 and December 26, 2009, there were 3 million shares of convertible </NonNumericTextHeader> |
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| | | <SimpleDataType> string </SimpleDataType> |
| | | <ElementDefenition> Preferred Stock Disclosure [Text Block] </ElementDefenition> |
| | | <ElementReferences> No authoritative reference available. </ElementReferences> |
| | | <IsTotalLabel> false </IsTotalLabel> |
| | | <IsEPS> false </IsEPS> |
| | | <Label> Preferred Stock </Label> |
| | | </Row> |
| | </Rows> |
| <Footnotes/> |
| <NumberOfCols> 1 </NumberOfCols> |
| <NumberOfRows> 1 </NumberOfRows> |
| <ReportName> Preferred Stock </ReportName> |
| <MonetaryRoundingLevel> UnKnown </MonetaryRoundingLevel> |
| <SharesRoundingLevel> UnKnown </SharesRoundingLevel> |
| <PerShareRoundingLevel> UnKnown </PerShareRoundingLevel> |
| <ExchangeRateRoundingLevel> UnKnown </ExchangeRateRoundingLevel> |
| <HasCustomUnits> false </HasCustomUnits> |
| <SharesShouldBeRounded> true </SharesShouldBeRounded> |
| </InstanceReport> |