Segment and Geographic Information

12 Months Ended

Dec. 31, 2019

In accordance with ASC 280, Segment Reporting, the Company has determined it has two operating segments which are aggregated into one reportable segment, Ranpak. The chief operating decision maker assesses the Company’s performance and allocates resources based on the Company’s consolidated financial information. The aggregation of the two operating segments is based on the Company’s determination that per ASC 280 the operating segments have similar economic characteristics, and are similar in all of the following areas: the nature of products and services, the nature of production processes, the type or class of customer for their products or provide their services, and the methods used to distribute their products or provide their services. In addition, the operating segments were aggregated for purposes of determining whether segments meet the quantitative threshold for separate reporting.

The Company attributes revenue to individual countries based on the Company’s selling location. The Company’s products are primarily sold from North America and Europe. The following table presents a summary of total net sales from external customers and long-lived assets by geographic location:



	Successor		Predecessor
	December 31, 2019		December 31, 2018
Total long-lived assets
North America	$	62.4	$	34.0
Europe	60.1		39.0
Total	$	122.5	$	73.0



	Successor		Predecessor
	June 3, 2019 through December 31, 2019		January 1, 2019 through June 2, 2019		December 31, 2018
Net sales
North America	$	81.8	$	50.1	$	131.4
Europe	81.3		56.3		136.5
Total	$	163.1	$	106.4	$	267.9

As of the Successor period, December 31, 2019, and the Predecessor period, December 31, 2018, 49.1%, and 53.4%, respectively, of the Company’s long-lived assets were located outside of North America. The Company’s customers are not concentrated in any specific geographic region. During the Successor period, Predecessor period, and year ended December 31, 2018, one customer accounted for approximately 10.0%, 8.5%, and 10.8% of total revenues, respectively.