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Segments of Business (Tables)
6 Months Ended
Jun. 30, 2011
Segments of Business  
Summary of the entity's business activities reported by business segments

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

Business Segments (in millions)

 

2011

 

2010

 

2011

 

2010

 

Net Sales to Unaffiliated Customers:

 

 

 

 

 

 

 

 

 

Flexible Packaging

 

$

1,219.5

 

$

1,127.4

 

$

2,399.5

 

$

2,009.0

 

Pressure Sensitive Materials

 

151.7

 

144.9

 

297.1

 

287.1

 

 

 

 

 

 

 

 

 

 

 

Intersegment Sales:

 

 

 

 

 

 

 

 

 

Flexible Packaging

 

(0.8

)

(0.4

)

(1.5

)

(0.6

)

Pressure Sensitive Materials

 

(0.2

)

(1.7

)

(0.5

)

(3.6

)

Total net sales

 

$

1,370.2

 

$

1,270.2

 

$

2,694.6

 

$

2,291.9

 

 

 

 

 

 

 

 

 

 

 

Operating Profit and Pretax Profit:

 

 

 

 

 

 

 

 

 

Flexible Packaging operating profit

 

$

116.3

 

$

122.7

 

$

232.6

 

$

215.0

 

Pressure Sensitive Materials operating profit

 

11.8

 

11.7

 

21.7

 

18.3

 

General corporate expenses

 

(22.8

)

(21.9

)

(45.8

)

(56.0

)

Operating income

 

105.3

 

112.5

 

208.5

 

177.3

 

Interest expense

 

18.1

 

18.5

 

36.4

 

36.7

 

Other non-operating (income) expense

 

(0.4

)

0.9

 

1.4

 

(2.2

)

Income from continuing operations before income taxes

 

$

87.6

 

$

93.1

 

$

170.7

 

$

142.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30,

 

December 31,

 

Business Segments (in millions)

 

 

 

 

 

2011

 

2010

 

Total Assets:

 

 

 

 

 

 

 

 

 

Flexible Packaging

 

 

 

 

 

$

3,951.5

 

$

3,792.5

 

Pressure Sensitive Materials

 

 

 

 

 

329.7

 

305.6

 

Total identifiable assets (1)

 

 

 

 

 

4,281.2

 

4,098.1

 

Corporate assets (2)

 

 

 

 

 

222.1

 

187.7

 

Total

 

 

 

 

 

$

4,503.3

 

$

4,285.8

 

 

(1)       Total assets by business segment include only those assets that are specifically identified with each segment’s operations.

(2)                      Corporate assets are principally cash and cash equivalents, prepaid expenses, prepaid income taxes, prepaid pension benefit costs, and corporate tangible and intangible property.