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Segments of Business (Tables)
3 Months Ended
Mar. 31, 2018
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 three business segments follows:
 
 
Three Months Ended March 31,
Business Segments (in millions)
 
2018
 
2017
Sales including intersegment sales:
 
 
 
 

U.S. Packaging
 
$
676.1

 
$
654.9

Latin America Packaging
 
170.5

 
178.8

Rest of World Packaging
 
196.1

 
171.6

 
 
 
 
 
Intersegment sales:
 
 
 
 
U.S. Packaging
 
(10.1
)
 
(6.0
)
Latin America Packaging
 
(1.1
)
 
(0.8
)
Rest of World Packaging
 
(4.1
)
 
(3.1
)
Total net sales
 
$
1,027.4

 
$
995.4

 
 
 
 
 
Segment operating profit
 
 
 
 
U.S. Packaging
 
$
87.2

 
$
83.5

Latin America Packaging
 
8.0

 
13.6

Rest of World Packaging
 
16.5

 
13.6

 
 
 
 
 
Restructuring and other costs
 
13.4

 
4.4

General corporate expenses
 
17.8

 
17.9

 
 
 
 
 
Operating income
 
80.5

 
88.4

 
 
 
 
 
Interest expense
 
18.9

 
16.0

Other non-operating income
 
(0.9
)
 
(1.9
)
 
 
 
 
 
Income before income taxes
 
$
62.5

 
$
74.3



    





A summary of the Company’s net sales by geographic area reported by its three business segments follows:


Three Months Ended March 31, 2018
Net sales by geographic area (in millions)

U.S. Packaging

Latin America Packaging

Rest of World Packaging
 
Total
Net sales (1):






 
 
United States

$
666.0


$


$
59.3

 
$
725.3

Brazil



112.1



 
112.1

Other Americas



57.3



 
57.3

Europe





85.4

 
85.4

Asia-Pacific





47.3

 
47.3

Total

$
666.0


$
169.4


$
192.0

 
$
1,027.4


 
 
Three Months Ended March 31, 2017
Net sales by geographic area (in millions)
 
U.S. Packaging
 
Latin America Packaging
 
Rest of World Packaging
 
Total
Net sales (1):
 
 
 
 
 
 
 
 
United States
 
$
648.9

 
$

 
$
54.6

 
$
703.5

Brazil
 

 
123.2

 

 
123.2

Other Americas
 

 
54.8

 

 
54.8

Europe
 

 

 
69.2

 
69.2

Asia-Pacific
 

 

 
44.7

 
44.7

Total
 
$
648.9

 
$
178.0

 
$
168.5

 
$
995.4


(1)
Net sales are attributed to geographic areas based on location of the Company’s manufacturing or selling operation.