Segment Information

12 Months Ended

Dec. 27, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company manufactures and distributes a broad portfolio of products, primarily through independent direct sales consultants. Certain operating segments have been aggregated based upon consistency of economic substance, geography, products, production process, class of customers and distribution method.

Effective with the first quarter of 2014, the management structure of the Company’s Nutrimetics France business was re-aligned for operational and strategic purposes. Consequently, Nutrimetics France is now being reported in the Asia Pacific segment, whereas it had previously been reported in the Europe segment. Comparable information from 2013 has been reclassified to conform to the new presentation. In full year 2014 and 2013, Nutrimetics France generated less than 1 percent of total sales.

The Company's reportable segments include the following:

Europe	Primarily design-centric preparation, storage and serving solutions for the kitchen and home through the Tupperware® brand. Europe also includes Avroy Shlain® which sells beauty and personal care products. Asia Pacific also sells beauty and personal care products in some of its units under the NaturCare®, Nutrimetics® and Fuller® brands.
Asia Pacific
Tupperware North America
Beauty North America	Premium cosmetics, skin care and personal care products marketed under the BeautiControl® brand in the United States, Canada and Puerto Rico and the Armand Dupree® and Fuller Cosmetics® brands in Mexico and Central America.
South America	Both housewares and beauty products under the Armand Dupree, Fuller®, Nuvo® and Tupperware® brands.

Worldwide sales of beauty and personal care products totaled $510.8 million, $557.0 million and $610.5 million in 2014, 2013 and 2012, respectively.

(In millions)	2014			2013			2012
Net sales:
Europe	$	730.3		$	771.5		$	780.0
Asia Pacific	849.9			848.1			792.1
Tupperware North America	349.9			358.0			344.8
Beauty North America	290.9			320.1			348.3
South America	385.1			373.9			318.6
Total net sales	$	2,606.1		$	2,671.6		$	2,583.8
Segment profit:
Europe	$	118.2		$	130.6		$	132.0
Asia Pacific	191.0			187.5			172.3
Tupperware North America	68.3			65.9			63.7
Beauty North America	1.3			16.1			30.2
South America	27.1			68.9			61.0
Total segment profit	405.9			469.0			459.2
Unallocated expenses	(55.9		)	(62.4		)	(62.6		)
Re-engineering and impairment charges (a)	(11.0		)	(9.3		)	(22.4		)
Impairment of goodwill and intangibles (b)	—			—			(76.9		)
Gains on disposal of assets (c)	2.7			0.7			7.9
Interest expense, net	(43.5		)	(37.6		)	(32.4		)
Income before taxes	$	298.2		$	360.4		$	272.8

(In millions)	2014		2013		2012
Depreciation and amortization:
Europe	$	20.3	$	20.7	$	20.5
Asia Pacific	13.0		10.6		10.3
Tupperware North America	9.6		8.4		7.6
Beauty North America	11.8		7.5		5.2
South America	4.2		2.8		2.1
Corporate	4.8		4.8		3.9
Total depreciation and amortization	$	63.7	$	54.8	$	49.6
Capital expenditures:
Europe	$	18.9	$	19.5	$	24.7
Asia Pacific	19.3		18.8		23.3
Tupperware North America	11.8		10.7		10.1
Beauty North America	3.1		3.7		3.8
South America	12.6		12.9		11.8
Corporate	3.7		3.4		1.9
Total capital expenditures	$	69.4	$	69.0	$	75.6
Identifiable assets:
Europe	$	337.3	$	360.8	$	377.8
Asia Pacific	321.4		315.2		338.9
Tupperware North America	137.1		148.4		140.0
Beauty North America	317.0		356.7		320.3
South America	131.1		127.6		114.9
Corporate	539.2		535.2		529.9
Total identifiable assets	$	1,783.1	$	1,843.9	$	1,821.8

____________________

(a) The re-engineering and impairment charges line includes severance expenses and other exit costs. See Note 2 to the Consolidated Financial Statements.

(b) Reviews of the value of the intangible assets related to the acquisition of the Sara Lee direct-to-consumer units acquired in 2005 and BeautiControl acquired in 2000, resulted in the conclusion that certain of the tradenames and goodwill had been impaired in 2012. This resulted in charges of $76.9 million related to BeautiControl, NaturCare and Nutrimetics. There were no such impairments in 2013 and 2014. See Note 6 for further details.

(c) Gain on disposal of assets in 2014 includes $1.3 million from the sale of land near the Orlando, FL headquarters and $1.1 million from the sale of a facility in Australia. Gains on disposal of assets in 2013 primarily related to the collection of proceeds on Orlando land sold in 2006. In 2012, this caption included $7.5 million from the sale of a facility in Belgium, $0.2 million from insurance proceeds due to a flood in Venezuela and $0.2 million from equipment sales.

Sales and segment profit in the preceding table are from transactions with customers, with inter-segment profit eliminated. Sales generated by product line, except beauty and personal care, as opposed to Tupperware^®, are not captured in the financial statements, and disclosure of the information is impractical. Sales to a single customer did not exceed 10 percent of total sales in any segment. Sales of Tupperware^® and beauty products to customers in Mexico were $387.7 million, $407.6 million and $404.8 million in 2014, 2013 and 2012, respectively. There was no other foreign country in which sales were individually material to the Company's total sales. Sales of Tupperware^® and beauty products to customers in the United States were $210.4 million, $229.3 million and $244.7 million in 2014, 2013 and 2012, respectively. Unallocated expenses are corporate expenses and other items not directly related to the operations of any particular segment.

Corporate assets consist of cash and buildings and assets maintained for general corporate purposes. As of the end of 2014, 2013 and 2012, respectively, long-lived assets in the United States were $88.7 million, $90.4 million and $85.5 million.

As of December 27, 2014 and December 28, 2013, the Company's net investment in international operations was $503.4 million and $602.1 million, respectively. The Company is subject to the usual economic, business and political risks associated with international operations; however, these risks are partially mitigated by the broad geographic dispersion of the Company's operations.