Segment Information (Tables)

9 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Certain Operating Data for Segments

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

	Three Months Ended						Nine Months Ended
	June 30,						June 30,
	2019			2018			2019			2018
Net sales (aggregate):
Corrugated Packaging	$	3,072.8		$	2,444.6		$	8,797.3		$	7,155.6
Consumer Packaging		1,650.1			1,669.6			4,937.2			4,908.2
Land and Development		8.6			64.8			23.3			102.9
Total	$	4,731.5		$	4,179.0		$	13,757.8		$	12,166.7
Less net sales (intersegment):
Corrugated Packaging	$	19.7		$	21.6		$	57.1		$	63.0
Consumer Packaging		21.8			19.9			63.3			55.2
Total	$	41.5		$	41.5		$	120.4		$	118.2
Net sales (unaffiliated customers):
Corrugated Packaging	$	3,053.1		$	2,423.0		$	8,740.2		$	7,092.6
Consumer Packaging		1,628.3			1,649.7			4,873.9			4,853.0
Land and Development		8.6			64.8			23.3			102.9
Total	$	4,690.0		$	4,137.5		$	13,637.4		$	12,048.5
Segment income:
Corrugated Packaging	$	392.7		$	321.9		$	949.8		$	854.6
Consumer Packaging		91.0			126.1			253.1			314.9
Land and Development		1.6			9.9			2.8			25.3
Segment income		485.3			457.9			1,205.7			1,194.8
(Loss) gain on sale of certain closed facilities		(2.7	)		—			47.8			—
Multiemployer pension withdrawals		1.7			(4.2	)		1.7			(184.2	)
Land and Development impairments		—			(1.7	)		(13.0	)		(29.3	)
Restructuring and other costs		(17.9	)		(17.1	)		(107.1	)		(65.1	)
Non-allocated expenses		(24.4	)		(13.0	)		(67.8	)		(50.3	)
Interest expense, net		(111.1	)		(76.7	)		(317.3	)		(219.8	)
(Loss) gain on extinguishment of debt		(3.2	)		0.9			(4.7	)		—
Other income (expense), net		3.7			9.7			(2.3	)		13.3
Income before income taxes	$	331.4		$	355.8		$	743.0		$	659.4

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

	June 30, 2019		September 30, 2018
Intangibles, net:
Corrugated Packaging	$	1,711.5	$	506.2
Consumer Packaging		2,463.3		2,615.8
Total	$	4,174.8	$	3,122.0
Identifiable assets:
Corrugated Packaging	$	16,893.5	$	11,069.6
Consumer Packaging		11,216.9		11,511.1
Land and Development		27.4		49.1
Assets held for sale		26.6		59.5
Corporate		2,647.7		2,671.2
Total	$	30,812.1	$	25,360.5

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill during the nine months ended June 30, 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		1,745.1			6.8			1,751.9
Purchase price allocation adjustments		0.9			(2.0	)		(1.1	)
Translation and other adjustments		(6.9	)		0.4			(6.5	)
Balance as of June 30, 2019
Goodwill		3,705.9			3,658.8			7,364.7
Accumulated impairment losses		(0.1	)		(42.7	)		(42.8	)
	$	3,705.8		$	3,616.1		$	7,321.9