XML 114 R21.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Business Segment and Geographic Area Information
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Business Segment and Geographic Area Information BUSINESS SEGMENT AND GEOGRAPHIC AREA INFORMATION
The Company has three reportable segments as follows:

Paperboard Mills includes the nine North American paperboard mills which produce primarily CRB, CUK, and SBS, which is consumed internally to produce paperboard packaging for the Americas and Europe Packaging segments. The remaining paperboard is sold externally to a wide variety of paperboard packaging converters and brokers. The Paperboard Mills segment Net Sales represent the sale of paperboard only to external customers. The effect of intercompany transfers to the paperboard packaging segments has been eliminated from the Paperboard Mills segment to reflect the economics of the integration of these segments.

Americas Paperboard Packaging includes paperboard packaging, primarily folding cartons, sold primarily to Consumer Packaged Goods ("CPG") companies, and cups, lids and food containers sold primarily to foodservice companies and quick-service restaurants ("QSR"), all serving the food, beverage, and consumer product markets in the Americas.

Europe Paperboard Packaging includes paperboard packaging, primarily folding cartons, sold primarily to CPG companies serving the food, beverage and consumer product markets in Europe.

The Company allocates certain mill and corporate costs to the reportable segments to appropriately represent the economics of these segments. The Corporate and Other caption includes the Pacific Rim and Australia operating segments and unallocated corporate and one-time costs.

These segments are evaluated by the chief operating decision maker based primarily on Income from Operations as adjusted for depreciation and amortization. The accounting policies of the reportable segments are the same as those described above in "Note 1 - Nature of Business and Summary of Significant Accounting Policies."
The Company did not have any one customer who accounted for 10% or more of the Company’s net sales during 2019, 2018 or 2017.
Business segment information is as follows:
Year Ended December 31,
In millions201920182017
NET SALES:
Paperboard Mills$1,094.8  $1,078.1  $399.7  
Americas Paperboard Packaging4,233.7  4,098.3  3,245.1  
Europe Paperboard Packaging689.3  695.9  593.5  
Corporate/Other/Eliminations(a)142.3  157.1  167.3  
Total$6,160.1  $6,029.4  $4,405.6  
INCOME (LOSS) FROM OPERATIONS:
Paperboard Mills(b)
$33.1  $30.6  $(35.0) 
Americas Paperboard Packaging477.7  420.1  358.2  
Europe Paperboard Packaging60.3  46.1  37.3  
Corporate and Other(c)
(37.5) (38.3) (32.6) 
Total
$533.6  $458.5  $327.9  
CAPITAL EXPENDITURES:
Paperboard Mills$208.0  $240.1  $111.4  
Americas Paperboard Packaging94.7  104.3  98.8  
Europe Paperboard Packaging34.5  19.5  17.3  
Corporate and Other15.7  31.3  32.6  
Total$352.9  $395.2  $260.1  
DEPRECIATION AND AMORTIZATION:
Paperboard Mills$224.4  $197.5  $143.7  
Americas Paperboard Packaging165.1  165.4  125.3  
Europe Paperboard Packaging36.7  48.9  42.1  
Corporate and Other21.0  18.8  19.2  
Total$447.2  $430.6  $330.3  
(a) Includes revenue from contracts with customers for the Australia and Pacific Rim operating segments.
(b) Includes Augusta, Georgia mill outage in 2018 and accelerated depreciation related to shutdown of the Santa Clara mill in 2017.
(c) Includes expenses related to business combinations, exit activities, idle and abandoned assets, gain on sale of assets and shutdown and other special charges.


December 31,
In millions201920182017
ASSETS AT DECEMBER 31:
Paperboard Mills
$2,912.2  $3,005.6  $1,487.0  
Americas Paperboard Packaging
3,392.3  3,143.6  2,478.7  
Europe Paperboard Packaging
686.3  603.4  607.1  
Corporate and Other
285.9  296.2  248.5  
Total
$7,276.7  $7,048.8  $4,821.3  
Business geographic area information is as follows:
Year Ended December 31,
In millions201920182017
NET SALES:
Americas(a)
$5,328.5  $5,176.4  $3,644.8  
Europe
689.3  695.9  593.5  
Asia Pacific
219.3  217.8  215.7  
Corporate and Other
(77.0) (60.7) (48.4) 
Total
$6,160.1  $6,029.4  $4,405.6  

In millions201920182017
ASSETS AT DECEMBER 31:
Americas(a)
$6,383.1  $6,249.7  $4,004.7  
Europe
686.3  603.4  607.1  
Asia Pacific
207.3  195.7  209.5  
Total
$7,276.7  $7,048.8  $4,821.3  
(a) Includes North America and Brazil.