Business Segment Information

3 Months Ended

Jan. 31, 2017

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 2016 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 January 31,
	2017		2016
Net sales:
Rigid Industrial Packaging & Services	$	561.5	$	534.9
Paper Packaging & Services	182.9		158.4
Flexible Products & Services	69.7		72.9
Land Management	6.8		5.2
Total net sales	$	820.9	$	771.4
Operating profit (loss):
Rigid Industrial Packaging & Services	$	28.7	$	(2.6	)
Paper Packaging & Services	10.8		21.2
Flexible Products & Services	0.5		(3.1		)
Land Management	2.1		2.1
Total operating profit	$	42.1	$	17.6
Depreciation, depletion and amortization expense:
Rigid Industrial Packaging & Services	$	19.4	$	21.8
Paper Packaging & Services	8.3		7.7
Flexible Products & Services	1.9		2.1
Land Management	1.1		0.7
Total depreciation, depletion and amortization expense	$	30.7	$	32.3

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

	Three Months Ended January 31,
	2017		2016
Net sales:
United States	$	408.0	$	372.4
Europe, Middle East and Africa	285.9		276.2
Asia Pacific and other Americas	127.0		122.8
Total net sales	$	820.9	$	771.4

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

	January 31, 2017		October 31, 2016
Assets:
Rigid Industrial Packaging & Services	$	1,942.9	$	1,930.8
Paper Packaging & Services	449.9		439.8
Flexible Products & Services	145.9		156.1
Land Management	341.6		339.9
Total segments	2,880.3		2,866.6
Corporate and other	319.0		286.4
Total assets	$	3,199.3	$	3,153.0
Properties, plants and equipment, net:
United States	$	706.5	$	723.3
Europe, Middle East and Africa	292.7		300.5
Asia Pacific and other Americas	136.4		140.1
Total properties, plants and equipment, net	$	1,135.6	$	1,163.9