Business Segment Information

6 Months Ended

Apr. 30, 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:

	Three Months Ended April 30,					Six Months Ended April 30,
(in millions)	2017		2016			2017		2016
Net sales:
Rigid Industrial Packaging & Services	$	624.3	$	589.6		$	1,185.8	$	1,124.5
Paper Packaging & Services	188.7		167.2			371.6		325.6
Flexible Products & Services	66.6		76.2			136.3		149.1
Land Management	7.8		6.6			14.6		11.8
Total net sales	$	887.4	$	839.6		$	1,708.3	$	1,611.0
Operating profit (loss):
Rigid Industrial Packaging & Services	$	55.5	$	59.2		$	84.2	$	56.6
Paper Packaging & Services	19.8		24.2			30.6		45.4
Flexible Products & Services	1.8		(2.9		)	2.3		(6.0		)
Land Management	3.3		2.3			5.4		4.4
Total operating profit	$	80.4	$	82.8		$	122.5	$	100.4
Depreciation, depletion and amortization expense:
Rigid Industrial Packaging & Services	$	20.5	$	21.1		$	39.9	$	42.9
Paper Packaging & Services	7.6		7.9			15.9		15.6
Flexible Products & Services	1.5		2.0			3.4		4.1
Land Management	1.4		1.0			2.5		1.7
Total depreciation, depletion and amortization expense	$	31.0	$	32.0		$	61.7	$	64.3

The following table presents net sales to external customers by geographic area:

	Three Months Ended April 30,				Six Months Ended April 30,
(in millions)	2017		2016		2017		2016
Net sales:
United States	$	434.5	$	406.3	$	842.5	$	778.7
Europe, Middle East and Africa	325.5		310.8		611.4		587.0
Asia Pacific and other Americas	127.4		122.5		254.4		245.3
Total net sales	$	887.4	$	839.6	$	1,708.3	$	1,611.0

The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:

(in millions)	April 30, 2017		October 31, 2016
Assets:
Rigid Industrial Packaging & Services	$	2,045.7	$	1,930.8
Paper Packaging & Services	460.7		439.8
Flexible Products & Services	152.6		156.1
Land Management	342.9		339.9
Total segments	3,001.9		2,866.6
Corporate and other	223.9		286.4
Total assets	$	3,225.8	$	3,153.0
Properties, plants and equipment, net:
United States	$	707.6	$	723.3
Europe, Middle East and Africa	299.6		300.5
Asia Pacific and other Americas	134.2		140.1
Total properties, plants and equipment, net	$	1,141.4	$	1,163.9