Segment Information (Tables)

6 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Certain Operating Data for Segments

The following table shows selected operating data for our segments (in millions):

	Three Months Ended						Six Months Ended
	March 31,						March 31,
	2019			2018			2019			2018
Net sales (aggregate):
Corrugated Packaging	$	2,990.7		$	2,391.3		$	5,724.5		$	4,711.0
Consumer Packaging		1,668.3			1,637.3			3,287.1			3,238.6
Land and Development		0.8			26.7			14.7			38.1
Total	$	4,659.8		$	4,055.3		$	9,026.3		$	7,987.7
Less net sales (intersegment):
Corrugated Packaging	$	19.4		$	22.0		$	37.4		$	41.4
Consumer Packaging		20.4			16.3			41.5			35.3
Total	$	39.8		$	38.3		$	78.9		$	76.7
Net sales (unaffiliated customers):
Corrugated Packaging	$	2,971.3		$	2,369.3		$	5,687.1		$	4,669.6
Consumer Packaging		1,647.9			1,621.0			3,245.6			3,203.3
Land and Development		0.8			26.7			14.7			38.1
Total	$	4,620.0		$	4,017.0		$	8,947.4		$	7,911.0
Segment income:
Corrugated Packaging	$	310.3		$	262.8		$	557.1		$	532.7
Consumer Packaging		85.2			94.6			162.1			188.8
Land and Development		0.5			16.1			1.2			15.4
Segment income		396.0			373.5			720.4			736.9
Gain on sale of certain closed facilities		—			—			50.5			—
Multiemployer pension withdrawals		—			—			—			(180.0	)
Land and Development impairments		(13.0	)		—			(13.0	)		(27.6	)
Restructuring and other costs		(34.8	)		(31.7	)		(89.2	)		(48.0	)
Non-allocated expenses		(24.4	)		(21.4	)		(43.4	)		(37.3	)
Interest expense, net		(111.8	)		(78.3	)		(206.2	)		(143.1	)
Gain (loss) on extinguishment of debt		0.4			0.1			(1.5	)		(0.9	)
Other (expense) income, net		(3.3	)		1.1			(6.0	)		3.6
Income before income taxes	$	209.1		$	243.3		$	411.6		$	303.6

The following table shows selected operating data for our segments (in millions):

	March 31, 2019		September 30, 2018
Identifiable assets:
Corrugated Packaging	$	16,775.2	$	11,069.6
Consumer Packaging		11,220.3		11,511.1
Land and Development		34.4		49.1
Assets held for sale		33.5		59.5
Corporate		2,629.6		2,671.2
Total	$	30,693.0	$	25,360.5

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill during the six months ended March 31, 2019 is as follows (in millions):

	Corrugated Packaging			Consumer Packaging			Total
Balance as of September 30, 2018
Goodwill	$	1,966.8		$	3,653.6		$	5,620.4
Accumulated impairment losses		(0.1	)		(42.7	)		(42.8	)
		1,966.7			3,610.9			5,577.6
Goodwill acquired		1,735.0			—			1,735.0
Purchase price allocation adjustments		0.9			(0.6	)		0.3
Translation adjustments		2.8			(14.8	)		(12.0	)
Balance as of March 31, 2019
Goodwill		3,705.5			3,638.2			7,343.7
Accumulated impairment losses		(0.1	)		(42.7	)		(42.8	)
	$	3,705.4		$	3,595.5		$	7,300.9