Business Segment Information

9 Months Ended

Jul. 31, 2016

Segment Reporting [Abstract]

Business Segment Information

BUSINESS SEGMENT INFORMATION

The Company has five operating segments, which are aggregated into four reportable business segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management.

The Company’s reportable business segments offer different products and services. The accounting policies of the reportable business segments are substantially the same as those described in the “Basis of Presentation and Summary of Significant Accounting Policies” note in the 2015 Form 10-K. The measure of segment profitability that is used by the Company is operating profit.

The following segment information is presented for the periods indicated (Dollars in millions):

	Three Months Ended July 31,						Nine Months Ended July 31,
	2016			2015			2016			2015
Net sales
Rigid Industrial Packaging & Services	$	596.8		$	669.0		$	1,721.3		$	1,985.3
Paper Packaging & Services	172.5			176.7			498.1			496.3
Flexible Products & Services	69.9			79.2			219.0			249.3
Land Management	5.8			5.1			17.6			17.3
Total net sales	$	845.0		$	930.0		$	2,456.0		$	2,748.2
Operating profit (loss):
Rigid Industrial Packaging & Services	$	56.7		$	29.5		$	113.4		$	75.5
Paper Packaging & Services	19.1			21.5			64.4			76.7
Flexible Products & Services	(5.9		)	(9.7		)	(11.9		)	(23.8		)
Land Management	1.7			2.9			6.1			32.3
Total operating profit	$	71.6		$	44.2		$	172.0		$	160.7
Depreciation, depletion and amortization expense:
Rigid Industrial Packaging & Services	$	20.8		$	21.8		$	63.7		$	70.2
Paper Packaging & Services	8.0			6.8			23.6			21.5
Flexible Products & Services	1.8			2.2			5.9			6.6
Land Management	0.9			0.8			2.6			2.6
Total depreciation, depletion and amortization expense	$	31.5		$	31.6		$	95.8		$	100.9

The following table presents net sales to external customers by geographic area (Dollars in millions):

	Three Months Ended July 31,				Nine Months Ended July 31,
	2016		2015		2016		2015
Net sales:
United States	$	400.3	$	431.5	$	1,179.0	$	1,269.7
Europe, Middle East and Africa	318.9		337.3		905.9		979.5
Asia Pacific and other Americas	125.8		161.2		371.1		499.0
Total net sales	$	845.0	$	930.0	$	2,456.0	$	2,748.2

The following table presents total assets by segment and total properties, plants and equipment, net by geographic area (Dollars in millions):

	July 31, 2016		October 31, 2015
Assets:
Rigid Industrial Packaging & Services	$	1,978.4	$	2,043.3
Paper Packaging & Services	444.6		444.0
Flexible Products & Services	166.1		187.0
Land Management	337.4		335.2
Total segments	2,926.5		3,009.5
Corporate and other	257.4		306.2
Total assets	$	3,183.9	$	3,315.7
Properties, plants and equipment, net:
United States	$	719.3	$	734.1
Europe, Middle East and Africa	314.3		335.4
Asia Pacific and other Americas	139.4		148.2
Total properties, plants and equipment, net	$	1,173.0	$	1,217.7