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Segment Information (Tables)
3 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Certain Financial Data for Segments

The tables in this Note 7 show selected financial data for our reportable segments (in millions):

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Net sales (aggregate):

 

 

 

 

 

 

Corrugated Packaging

 

$

2,419.9

 

 

$

2,337.4

 

Consumer Packaging

 

 

1,059.3

 

 

 

1,215.0

 

Global Paper

 

 

918.3

 

 

 

1,123.6

 

Distribution

 

 

289.7

 

 

 

321.5

 

Total

 

$

4,687.2

 

 

$

4,997.5

 

Less net sales (intersegment):

 

 

 

 

 

 

Corrugated Packaging

 

$

59.2

 

 

$

68.4

 

Consumer Packaging

 

 

5.3

 

 

 

4.7

 

Distribution

 

 

2.7

 

 

 

1.3

 

Total

 

$

67.2

 

 

$

74.4

 

Net sales (unaffiliated customers):

 

 

 

 

 

 

Corrugated Packaging

 

$

2,360.7

 

 

$

2,269.0

 

Consumer Packaging

 

 

1,054.0

 

 

 

1,210.3

 

Global Paper

 

 

918.3

 

 

 

1,123.6

 

Distribution

 

 

287.0

 

 

 

320.2

 

Total

 

$

4,620.0

 

 

$

4,923.1

 

Adjusted EBITDA:

 

 

 

 

 

 

Corrugated Packaging

 

$

327.8

 

 

$

329.4

 

Consumer Packaging

 

 

166.2

 

 

 

183.3

 

Global Paper

 

 

118.4

 

 

 

157.3

 

Distribution

 

 

9.0

 

 

 

10.8

 

Total

 

 

621.4

 

 

 

680.8

 

Depreciation, depletion and amortization

 

 

(381.8

)

 

 

(373.2

)

Restructuring and other costs, net

 

 

(65.5

)

 

 

(32.1

)

Non-allocated expenses

 

 

(50.7

)

 

 

(28.7

)

Interest expense, net

 

 

(101.4

)

 

 

(97.3

)

Other (expense) income, net

 

 

(4.7

)

 

 

25.2

 

Gain on sale of RTS and Chattanooga

 

 

0.5

 

 

 

 

Other adjustments

 

 

(34.8

)

 

 

(119.6

)

Income (loss) before income taxes

 

$

(17.0

)

 

$

55.1

 

Additional selected financial data (in millions):

 

 

 

Three Months Ended

 

 

 

December 31,

 

 

 

2023

 

 

2022

 

Depreciation, depletion and amortization:

 

 

 

 

 

 

Corrugated Packaging

 

$

205.3

 

 

$

192.2

 

Consumer Packaging

 

 

86.5

 

 

 

84.1

 

Global Paper

 

 

81.1

 

 

 

89.1

 

Distribution

 

 

7.3

 

 

 

6.9

 

Corporate

 

 

1.6

 

 

 

0.9

 

Total

 

$

381.8

 

 

$

373.2

 

 

 

 

 

 

 

 

Other adjustments:

 

 

 

 

 

 

Corrugated Packaging

 

$

5.1

 

 

$

49.8

 

Consumer Packaging

 

 

3.6

 

 

 

31.6

 

Global Paper

 

 

1.5

 

 

 

17.5

 

Distribution

 

 

(0.3

)

 

 

 

Corporate

 

 

24.9

 

 

 

20.7

 

Total

 

$

34.8

 

 

$

119.6

 

 

 

 

 

 

 

 

Equity in income (loss) of unconsolidated entities:

 

 

 

 

 

 

Corrugated Packaging

 

$

3.2

 

 

$

(35.8

)

Consumer Packaging

 

 

 

 

 

 

Global Paper

 

 

1.0

 

 

 

(0.2

)

Total

 

$

4.2

 

 

$

(36.0

)