Segments of Business (Tables)

9 Months Ended

Sep. 30, 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 September 30,						Nine Months Ended September 30,
Business Segments (in millions)	2018			2017			2018			2017
Sales including intersegment sales:
U.S. Packaging	$	697.8		$	684.5		$	2,068.1		$	2,012.1
Latin America Packaging	149.0			184.7			478.8			535.6
Rest of World Packaging	191.9			182.2			582.1			537.4
Intersegment sales:
U.S. Packaging	(9.4		)	(12.2		)	(30.0		)	(29.4		)
Latin America Packaging	(0.7		)	(0.9		)	(2.6		)	(2.9		)
Rest of World Packaging	(2.2		)	(3.2		)	(9.3		)	(10.2		)
Total net sales	$	1,026.4		$	1,035.1		$	3,087.1		$	3,042.6
Segment operating profit
U.S. Packaging	$	93.4		$	99.6		$	270.5		$	263.2
Latin America Packaging	8.0			7.3			25.0			23.8
Rest of World Packaging	22.2			17.3			57.4			45.7
Restructuring and other costs	16.1			12.9			50.5			41.1
General corporate expenses	14.4			14.3			50.1			50.5
Operating income	93.1			97.0			252.3			241.1
Interest expense	18.9			16.7			56.5			48.7
Other non-operating income	(0.5		)	(1.7		)	(2.1		)	(5.0		)
Income before income taxes	$	74.7		$	82.0		$	197.9		$	197.4

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

	Three Months Ended September 30, 2018
Net sales by geographic area (in millions)	U.S. Packaging		Latin America Packaging		Rest of World Packaging		Total
Net sales (1):
United States	$	688.4	$	—	$	64.7	$	753.1
Brazil	—		99.4		—		99.4
Other Americas	—		48.9		—		48.9
Europe	—		—		75.8		75.8
Asia-Pacific	—		—		49.2		49.2
Total	$	688.4	$	148.3	$	189.7	$	1,026.4

	Nine Months Ended September 30, 2018
Net sales by geographic area (in millions)	U.S. Packaging		Latin America Packaging		Rest of World Packaging		Total
Net sales (1):
United States	$	2,038.1	$	—	$	186.3	$	2,224.4
Brazil	—		315.8		—		315.8
Other Americas	—		160.4		—		160.4
Europe	—		—		242.4		242.4
Asia-Pacific	—		—		144.1		144.1
Total	$	2,038.1	$	476.2	$	572.8	$	3,087.1

	Three Months Ended September 30, 2017
Net sales by geographic area (in millions)	U.S. Packaging		Latin America Packaging		Rest of World Packaging		Total
Net sales (1):
United States	$	672.3	$	—	$	55.5	$	727.8
Brazil	—		126.5		—		126.5
Other Americas	—		57.3		—		57.3
Europe	—		—		72.8		72.8
Asia-Pacific	—		—		50.7		50.7
Total	$	672.3	$	183.8	$	179.0	$	1,035.1

	Nine Months Ended September 30, 2017
Net sales by geographic area (in millions)	U.S. Packaging		Latin America Packaging		Rest of World Packaging		Total
Net sales (1):
United States	$	1,982.7	$	—	$	168.3	$	2,151.0
Brazil	—		362.9		—		362.9
Other Americas	—		169.8		—		169.8
Europe	—		—		214.4		214.4
Asia-Pacific	—		—		144.5		144.5
Total	$	1,982.7	$	532.7	$	527.2	$	3,042.6

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