Business Segment and Geographic Area Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Business Segment and Geographic Area Information

BUSINESS SEGMENT AND GEOGRAPHIC AREA INFORMATION

Prior to the sale of the multi-wall bag business on June 30, 2014, the Company reported its results in two reportable segments: paperboard packaging and flexible packaging. Following the sale, the Company reported its results in one reportable segment: paperboard packaging. During 2015, the Company reevaluated the aggregation of operating segments into reportable segments in accordance with FASB ASC 280 Segment Reporting, concluded there are three reportable segments, and recast prior periods:

Paperboard Mills includes the seven North American paperboard mills which produce primarily coated unbleached kraft (“CUK”) and coated recycled board (“CRB”). The majority of the paperboard is consumed internally to produce paperboard packaging for the Americas and Europe Paperboard Packaging segments. The remaining paperboard is sold externally to a wide variety of paperboard packaging converters and brokers. The Paperboard Mills segment Net Sales represent the sale of paperboard to external customers.

Americas Paperboard Packaging includes paperboard packaging folding cartons sold primarily to Consumer Packaged Goods ("CPG") companies serving the food, beverage, and consumer product markets in the Americas.

Europe Paperboard Packaging includes paperboard packaging folding cartons sold primarily to CPG companies serving the food, beverage and consumer product markets in Europe.

The Company also assessed and allocated certain mill and corporate costs to the reportable segments to appropriately represent the economics of these segments. The Corporate and Other caption includes the Pacific Rim operating segment and unallocated corporate and one-time costs.

These segments are evaluated by the chief operating decision maker based primarily on Income from Operations as adjusted for depreciation and amortization. The accounting policies of the reportable segments are the same as those described above in Note 1 - Nature of Business and Summary of Significant Accounting Policies.

The Company did not have any one customer who accounted for 10% or more of the Company’s net sales during 2015, 2014 or 2013.

Business segment information is as follows:

	Year Ended December 31,
In millions	2015			2014			2013
NET SALES:
Paperboard Mills	$	480.5		$	380.6		$	375.0
Americas Paperboard Packaging	3,049.6			3,006.7			3,010.8
Europe Paperboard Packaging	603.9			596.6			466.7
Flexible Packaging	—			215.6			539.1
Corporate/Other/Eliminations	26.2			41.0			86.5
Total	$	4,160.2		$	4,240.5		$	4,478.1
INCOME (LOSS) FROM OPERATIONS:
Paperboard Mills	$	12.9		$	8.5		$	(59.3	)
Americas Paperboard Packaging	403.9			412.0			430.1
Europe Paperboard Packaging	40.8			32.5			24.1
Flexible Packaging (a)	—			(186.1		)	(12.4		)
Corporate and Other	(30.5		)	(39.1		)	(40.9		)
Total	$	427.1		$	227.8		$	341.6
CAPITAL EXPENDITURES:
Paperboard Mills	$	145.0		$	106.0		$	112.5
Americas Paperboard Packaging	50.9			45.7			59.9
Europe Paperboard Packaging	39.9			37.4			9.1
Flexible Packaging	—			5.6			17.6
Corporate and Other	8.3			6.7			10.1
Total	$	244.1		$	201.4		$	209.2
DEPRECIATION AND AMORTIZATION:
Paperboard Mills	$	124.7		$	114.5		$	106.4
Americas Paperboard Packaging	108.9			101.0			105.3
Europe Paperboard Packaging	40.1			34.7			23.1
Flexible Packaging	—			11.0			27.8
Corporate and Other	6.8			8.8			14.8
Total	$	280.5		$	270.0		$	277.4

^(a) Includes Loss on Sale of Assets of multi-wall bag business of $171.1 million in 2014.

	December 31,
In millions	2015		2014		2013
ASSETS AT DECEMBER 31:
Paperboard Mills	$	1,445.0	$	1,373.5	$	1,398.4
Americas Paperboard Packaging	2,157.1		2,076.8		2,283.9
Europe Paperboard Packaging	574.0		607.9		389.4
Flexible Packaging	—		—		283.5
Corporate and Other	80.0		79.4		17.9
Total	$	4,256.1	$	4,137.6	$	4,373.1

Business geographic area information is as follows:

	Year Ended December 31,
In millions	2015			2014		2013
NET SALES:
Americas(a)	$	3,492.6		$	3,341.5	$	3,332.9
Europe	603.9			596.6		466.7
Asia Pacific	117.4			129.4		132.6
Corporate and Other	(53.7		)	173.0		545.9
Total	$	4,160.2		$	4,240.5	$	4,478.1

In millions	2015		2014		2013
ASSETS AT DECEMBER 31:
Americas(a)	$	3,590.4	$	3,447.0	$	3,896.7
Europe	574.0		607.9		389.4
Asia Pacific	91.7		82.7		87.0
Total	$	4,256.1	$	4,137.6	$	4,373.1

^(a) Includes North America and Brazil.