XML 32 R13.htm IDEA: XBRL DOCUMENT v3.3.1.900
SEGMENT INFORMATION
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION
MJN operates in four geographic operating segments: Asia, Europe, Latin America and North America. Based on this operating segmentation, the chief operating decision maker regularly assesses information for decision making purposes, including allocation of resources. Due to similarities between North America and Europe, the Company aggregated these two operating segments into one reportable segment. As a result, the Company has three reportable segments: Asia, Latin America and North America/Europe.
Corporate and Other consists of unallocated global business support activities, including research and development, marketing, supply chain costs, and general and administrative expenses; net actuarial gains and losses related to defined benefit pension and other post-employment plans; and income or expenses incurred within the operating segments that are not reflective of underlying operations and affect the comparability of the operating segments’ results.
The Company’s products are sold principally to distributors and retailers. Wal-Mart Stores, Inc. (including Sam’s Club) accounted for 12%, 11% and 10% of the Company’s consolidated gross sales for the years ended December 31, 2015, 2014, and 2013, respectively, primarily in the North America / Europe segment. DKSH International Ltd., a distributor serving primarily Asia, accounted for 14%, 16%, and 16% of the Company’s consolidated gross sales for the years ended December 31, 2015, 2014, and 2013, respectively.

The Company's segment, product and geographic results consisted of:
(Dollars in millions) 
 
Net Sales
 
Earnings
Before
Interest and
Income Taxes
 
Year-End
Assets
 
Payments for
Capital
Expenditures
 
Depreciation
and
Amortization
Year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
Asia
 
$
2,039.0

 
$
682.0

 
$
1,540.2

 
$
81.5

 
$
35.7

Latin America
 
757.1

 
175.2

 
573.5

 
18.9

 
10.0

North America/Europe
 
1,275.2

 
361.8

 
1,495.5

 
63.0

 
30.2

Total operating segments
 
4,071.3

 
1,219.0

 
3,609.2

 
163.4

 
75.9

Corporate and Other
 

 
(282.8
)
 
388.9

 
10.3

 
23.2

Total
 
$
4,071.3

 
$
936.2

 
$
3,998.1

 
$
173.7

 
$
99.1

 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
Asia
 
$
2,278.4

 
$
818.7

 
$
1,557.9

 
$
119.7

 
$
31.0

Latin America
 
867.5

 
199.0

 
678.6

 
26.9

 
10.7

North America/Europe
 
1,263.4

 
291.0

 
1,081.2

 
33.6

 
29.5

Total operating segments
 
4,409.3

 
1,308.7

 
3,317.7

 
180.2

 
71.2

Corporate and Other
 

 
(320.4
)
 
446.1

 
6.4

 
20.4

Total
 
$
4,409.3

 
$
988.3

 
$
3,763.8

 
$
186.6

 
$
91.6

 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
Asia
 
$
2,179.3

 
$
796.2

 
$
1,390.7

 
$
168.1

 
$
19.4

Latin America
 
861.4

 
207.2

 
716.9

 
33.3

 
10.5

North America/Europe
 
1,160.0

 
255.0

 
798.5

 
31.6

 
29.1

Total operating segments
 
4,200.7

 
1,258.4

 
2,906.1

 
233.0

 
59.0

Corporate and Other
 

 
(283.5
)
 
559.6

 
7.4

 
24.1

Total
 
$
4,200.7

 
$
974.9

 
$
3,465.7

 
$
240.4

 
$
83.1


 
Net Sales (Dollars in millions)
 
Infant
Formula
 
Children’s
Nutrition
 
Other
 
Total
Year ended December 31, 2015
 
$
2,407.1

 
$
1,593.1

 
$
71.1

 
$
4,071.3

Year ended December 31, 2014
 
$
2,537.0

 
$
1,788.4

 
$
83.9

 
$
4,409.3

Year ended December 31, 2013
 
$
2,459.7

 
$
1,653.3

 
$
87.7

 
$
4,200.7


Geographic (Dollars in millions)
 
United
States
 
China*
 
Mexico
 
Singapore
 
Other
 
Total
Year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales
 
$
1,082.5

 
$
1,238.9

 
$
281.2

 
22.9
 
$
1,445.8

 
$
4,071.3

Long-Lived Assets
 
467.4

 
58.3

 
105.5

 
260.4
 
385.6

 
1,277.2

Year ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales
 
$
1,043.3

 
$
1,379.7

 
$
345.5

 
30.5
 
$
1,610.3

 
$
4,409.3

Long-Lived Assets
 
429.9

 
62.2

 
120.2

 
271.5
 
398.3

 
1,282.1

Year ended December 31, 2013
 
 
 
 
 
 
 
 
 
 
 
 
Net Sales
 
$
948.2

 
$
1,315.8

 
$
328.2

 
28.0
 
$
1,580.5

 
$
4,200.7

Long-Lived Assets
 
446.6

 
64.7

 
134.8

 
245.9
 
419.9

 
1,311.9


* For purposes of this disclosure, the term China refers to the Company’s businesses in mainland China and Hong Kong.