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Segment Information
9 Months Ended
Sep. 26, 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 $96.7 million and $122.5 million in the third quarters of 2015 and 2014, respectively, and $325.0 million and $381.9 million in the respective year-to-date periods.
 
13 weeks ended
 
39 weeks ended
(In millions)
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
Net sales:
 
 
 
 
 
 
 
Europe
$
117.4

 
$
136.7

 
$
445.2

 
$
536.3

Asia Pacific
192.9

 
209.6

 
578.3

 
619.7

Tupperware North America
84.9

 
84.6

 
258.2

 
259.5

Beauty North America
53.5

 
68.8

 
182.3

 
220.0

South America
72.3

 
89.0

 
227.7

 
290.7

Total net sales
$
521.0

 
$
588.7

 
$
1,691.7

 
$
1,926.2

Segment profit (loss):
 
 
 

 
 
 
 
Europe
$
5.9

 
$
6.3

 
$
61.6

 
$
74.5

Asia Pacific (a)
43.3

 
45.4

 
123.8

 
132.8

Tupperware North America
15.3

 
16.0

 
48.5

 
49.4

Beauty North America (a)
0.2

 
(1.2
)
 
3.2

 
1.1

South America
12.9

 
5.6

 
29.8

 
8.6

Total segment profit
$
77.6

 
$
72.1

 
$
266.9

 
$
266.4

Unallocated expenses
(17.9
)
 
(10.5
)
 
(49.0
)
 
(37.8
)
Re-engineering and impairment charges (a)
(0.3
)
 
(2.6
)
 
(18.0
)
 
(8.3
)
Gains on disposal of assets
2.0

 

 
13.4

 
2.3

Interest expense, net
(10.8
)
 
(11.1
)
 
(35.1
)
 
(33.9
)
Income before taxes
$
50.6

 
$
47.9

 
$
178.2

 
$
188.7

(In millions)
September 26,
2015
 
December 27,
2014
Identifiable assets:
 
 
 
Europe
$
300.3

 
$
337.3

Asia Pacific
308.8

 
321.4

Tupperware North America
134.8

 
137.1

Beauty North America
265.4

 
317.0

South America
99.2

 
131.1

Corporate
554.8

 
536.1

Total identifiable assets
$
1,663.3

 
$
1,780.0

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