Business Segment Information

9 Months Ended

Sep. 30, 2011

Segment Reporting Information, Profit (Loss) [Abstract]

BUSINESS SEGMENT INFORMATION

SEGMENT INFORMATION

The Company reports its results in two reportable segments: paperboard packaging and flexible packaging. These segments are evaluated by the chief operating decision maker based primarily on Income from Operations. The Company’s reportable segments are based upon strategic business units that offer different products. The accounting policies of the reportable segments are the same as those described in GPHC’s Annual Report on Form 10-K for the year ended December 31, 2010.

The paperboard packaging segment is highly integrated and includes a system of mills and plants that produces a broad range of paperboard grades convertible into folding cartons. Folding cartons are used primarily to protect products, such as food, detergents, paper products, beverages, and health and beauty aids, while providing point of purchase advertising. The paperboard packaging reportable segment includes the design, manufacture and installation of packaging machinery related to the assembly of cartons and the production and sale of corrugated medium and kraft paper from paperboard mills in the U.S.

The flexible packaging segment converts kraft and specialty paper into multi-wall bags, consumer and specialty retail bags and produces flexible packaging, label solutions and laminations. The multi-wall bags are designed to ship and protect a wide range of industrial and consumer products including fertilizers, chemicals, concrete, and pet and food products. The flexible packaging, label solutions and laminations are converted from a wide variety of technologically advanced films for use in the food, pharmaceutical and industrial end-markets. Flexible packaging paper and metallicized paper labels and heat transfer labels are used in a wide range of consumer applications.

Segment information is as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
In millions	2011			2010			2011			2010
NET SALES:
Paperboard Packaging		$894.1			$873.3			$2,626.3			$2,575.7
Flexible Packaging	179.2			169.5			528.3			507.7
Total		$1,073.3			$1,042.8			$3,154.6			$3,083.4
INCOME (LOSS) FROM OPERATIONS:
Paperboard Packaging		$93.0			$86.8			$258.2			$237.5
Flexible Packaging	(94.2		)	1.6			(87.6		)	12.8
Corporate	(16.5		)	(9.9		)	(43.4		)	(89.4		)
Total		($17.7	)		$78.5			$127.2			$160.9