XML 40 R29.htm IDEA: XBRL DOCUMENT v3.7.0.1
Segments of Business (Tables)
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Summary of the entity's business activities reported by business segments
A summary of the Company’s business activities reported by its two business segments follows:
 
 
Three Months Ended March 31,
Business Segments (in millions)
 
2017
 
2016
Sales including intersegment sales:
 
 
 
 

U.S. Packaging
 
$
654.9

 
$
666.7

Global Packaging
 
350.5

 
313.5

 
 
 
 
 
Intersegment sales:
 
 
 
 
U.S. Packaging
 
(6.0
)
 
(6.2
)
Global Packaging
 
(4.0
)
 
(6.1
)
Total net sales
 
$
995.4

 
$
967.9

 
 
 
 
 
Segment operating profit
 
 
 
 
U.S. Packaging
 
$
83.5

 
$
101.7

Global Packaging
 
27.2

 
16.3

 
 
 
 
 
Restructuring and acquisition-related costs
 
4.4

 
0.8

General corporate expenses
 
16.9

 
17.8

Operating income
 
89.4

 
99.4

 
 
 
 
 
Interest expense
 
16.0

 
15.4

Other non-operating (income) expense
 
(0.9
)
 
0.1

 
 
 
 
 
Income before income taxes
 
$
74.3

 
$
83.9