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Segment Information
6 Months Ended
Jun. 27, 2015
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.
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 Fuller Cosmetics® brands in Mexico and Central America.
South America
Both housewares and beauty products under the Fuller®, Nutrimetics®, Nuvo® and Tupperware® brands.
Worldwide sales of beauty and personal care products totaled $115.4 million and $136.8 million in the second quarters of 2015 and 2014, respectively, and $228.3 million and $264.4 million for the respective year-to-date periods.
 
13 weeks ended
 
26 weeks ended
(In millions)
June 27,
2015
 
June 28,
2014
 
June 27,
2015
 
June 28,
2014
Net sales:
 
 
 
 
 
 
 
Europe
$
156.1

 
$
186.3

 
$
327.8

 
$
399.6

Asia Pacific
193.7

 
211.1

 
385.4

 
410.1

Tupperware North America
93.8

 
93.4

 
173.3

 
174.9

Beauty North America
65.9

 
77.7

 
128.8

 
151.2

South America
79.4

 
105.8

 
155.4

 
201.7

Total net sales
$
588.9

 
$
674.3

 
$
1,170.7

 
$
1,337.5

Segment profit (loss):
 
 
 

 
 
 
 
Europe
$
26.4

 
$
27.9

 
$
55.7

 
$
68.2

Asia Pacific
41.5

 
46.5

 
80.5

 
87.4

Tupperware North America
20.2

 
19.8

 
33.2

 
33.4

Beauty North America (a)
3.3

 
3.0

 
3.0

 
2.3

South America
13.7

 
(0.4
)
 
16.9

 
3.0

Total segment profit
$
105.1

 
$
96.8

 
$
189.3

 
$
194.3

Unallocated expenses
(16.5
)
 
(12.9
)
 
(31.1
)
 
(27.3
)
Re-engineering and impairment charges (a)
(1.5
)
 
(3.4
)
 
(17.7
)
 
(5.7
)
Gains on disposal of assets
10.8

 
0.5

 
11.4

 
2.3

Interest expense, net
(11.5
)
 
(11.0
)
 
(24.3
)
 
(22.8
)
Income before taxes
$
86.4

 
$
70.0

 
$
127.6

 
$
140.8

(In millions)
June 27,
2015
 
December 27,
2014
Identifiable assets:
 
 
 
Europe
$
305.3

 
$
337.3

Asia Pacific
321.3

 
321.4

Tupperware North America
139.1

 
137.1

Beauty North America
293.3

 
317.0

South America
116.8

 
131.1

Corporate
518.4

 
536.1

Total identifiable assets
$
1,694.2

 
$
1,780.0

_________________________
(a)
See Note 7 to the unaudited Consolidated Financial Statements for a discussion of re-engineering and impairment charges.