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Revenue Recognition (Tables)
3 Months Ended
Dec. 31, 2019
Revenue From Contract With Customer [Abstract]  
Schedule of Disaggregates Revenue by Geographical Market and Product Type (Segment) The tables below disaggregate our revenue by geographical market and product type (segment).

 

 

Three Months Ended December 31, 2019

 

(In millions)

 

Corrugated Packaging

 

 

Consumer Packaging

 

 

Land and Development

 

 

Intersegment Sales

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary Geographical Markets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

2,788.9

 

 

$

1,198.8

 

 

$

18.9

 

 

$

(41.5

)

 

$

3,965.1

 

South America

 

 

107.6

 

 

 

20.0

 

 

 

 

 

 

 

 

 

127.6

 

Europe

 

 

1.8

 

 

 

244.6

 

 

 

 

 

 

 

 

 

246.4

 

Asia Pacific

 

 

11.2

 

 

 

73.5

 

 

 

 

 

 

(0.1

)

 

 

84.6

 

Total (1)

 

$

2,909.5

 

 

$

1,536.9

 

 

$

18.9

 

 

$

(41.6

)

 

$

4,423.7

 

 

(1)

Net sales are attributed to geographical markets based on the location of the seller.

 

 

 

Three Months Ended December 31, 2018

 

(In millions)

 

Corrugated Packaging

 

 

Consumer Packaging

 

 

Land and Development

 

 

Intersegment Sales

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Primary Geographical Markets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

2,606.4

 

 

$

1,256.4

 

 

$

13.9

 

 

$

(37.9

)

 

$

3,838.8

 

South America

 

 

108.8

 

 

 

19.5

 

 

 

 

 

 

 

 

 

128.3

 

Europe

 

 

 

 

 

260.5

 

 

 

 

 

 

 

 

 

260.5

 

Asia Pacific

 

 

18.6

 

 

 

82.4

 

 

 

 

 

 

(1.2

)

 

 

99.8

 

Total (1)

 

$

2,733.8

 

 

$

1,618.8

 

 

$

13.9

 

 

$

(39.1

)

 

$

4,327.4

 

 

(1)

Net sales are attributed to geographical markets based on the location of the seller.

Summary of Opening and Closing Balances of Contract Assets and Contract Liabilities

The opening and closing balances of our contract assets and contract liabilities are as follows. Contract assets and contract liabilities are aggregated within Other current assets and Other current liabilities, respectively, on the condensed consolidated balance sheet.

(In millions)

 

Contract Assets

(Short-Term)

 

 

Contract Liabilities

(Short-Term)

 

 

 

 

 

 

 

 

 

 

Beginning balance - October 1, 2019

 

$

188.0

 

 

$

7.7

 

Ending balance - December 31, 2019

 

 

195.4

 

 

 

22.8

 

Increase / (Decrease)

 

$

7.4

 

 

$

15.1