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SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2012
SEGMENT INFORMATION  
SEGMENT INFORMATION

5.                                      SEGMENT INFORMATION

 

MJN operates in four geographic operating segments: Asia, Europe, Latin America and North America. This operating segmentation is how the chief operating decision maker regularly assesses information for decision making purposes, including allocation of resources. Due to similarities in the economics, products offered, production process, customer base, and regulatory environment, these operating segments have been aggregated into two reportable segments: Asia/Latin America and North America/Europe.

 

Corporate and Other consists of unallocated general and administrative expenses; global business support activities, including research and development, marketing and supply chain costs; and income or expenses incurred within the operating segments that are not reflective of ongoing operations and affect the comparability of the operating segments’ results.

 

The following table summarizes net sales and earnings before interest and income taxes for each of our reportable segments:

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

Net Sales

 

Earnings Before Interest and
Income Taxes

 

Net Sales

 

Earnings Before Interest and
Income Taxes

 

(In millions)

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

2012

 

2011

 

Asia/Latin America

 

$

695.2

 

$

611.6

 

$

237.5

 

$

209.8

 

$

1,396.5

 

$

1,188.5

 

$

516.5

 

$

426.6

 

North America/Europe

 

317.1

 

320.4

 

74.6

 

86.4

 

602.4

 

643.3

 

108.3

 

179.3

 

Total operating segments

 

1,012.3

 

932.0

 

312.1

 

296.2

 

1,998.9

 

1,831.8

 

624.8

 

605.9

 

Corporate and Other

 

 

 

(63.8

)

(92.5

)

 

 

(127.7

)

(179.6

)

Total

 

$

1,012.3

 

$

932.0

 

$

248.3

 

$

203.7

 

$

1,998.9

 

$

1,831.8

 

$

497.1

 

$

426.3