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Business Segment Information
9 Months Ended
Jul. 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:
 
Three Months Ended
July 31,
 
Nine Months Ended
July 31,
(in millions)
2017
 
2016
 
2017
 
2016
Net sales:
 
 
 
 
 
 
 
Rigid Industrial Packaging & Services
$
674.4

 
$
596.8

 
$
1,860.2

 
$
1,721.3

Paper Packaging & Services
206.3

 
172.5

 
577.9

 
498.1

Flexible Products & Services
73.9

 
69.9

 
210.2

 
219.0

Land Management
7.2

 
5.8

 
21.8

 
17.6

Total net sales
$
961.8

 
$
845.0

 
$
2,670.1

 
$
2,456.0

 
 
 
 
 
 
 
 
Operating profit (loss):
 
 
 
 
 
 
 
Rigid Industrial Packaging & Services
$
64.7

 
$
56.7

 
$
148.9

 
$
113.4

Paper Packaging & Services
19.0

 
19.1

 
49.6

 
64.4

Flexible Products & Services
3.1

 
(5.9
)
 
5.4

 
(11.9
)
Land Management
2.7

 
1.7

 
8.1

 
6.1

Total operating profit
$
89.5

 
$
71.6

 
$
212.0

 
$
172.0

 
 
 
 
 
 
 
 
Depreciation, depletion and amortization expense:
 
 
 
 
 
 
 
Rigid Industrial Packaging & Services
$
16.8

 
$
20.8

 
$
56.7

 
$
63.7

Paper Packaging & Services
7.8

 
8.0

 
23.7

 
23.6

Flexible Products & Services
1.8

 
1.8

 
5.2

 
5.9

Land Management
1.3

 
0.9

 
3.8

 
2.6

Total depreciation, depletion and amortization expense
$
27.7

 
$
31.5

 
$
89.4

 
$
95.8


The following table presents net sales to external customers by geographic area:
 
Three Months Ended
July 31,
 
Nine Months Ended
July 31,
(in millions)
2017
 
2016
 
2017
 
2016
Net sales:
 
 
 
 
 
 
 
United States
$
463.7

 
$
400.3

 
$
1,306.2

 
$
1,179.0

Europe, Middle East and Africa
359.4

 
318.9

 
970.8

 
905.9

Asia Pacific and other Americas
138.7

 
125.8

 
393.1

 
371.1

Total net sales
$
961.8

 
$
845.0

 
$
2,670.1

 
$
2,456.0


The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:
(in millions)
July 31,
2017
 
October 31,
2016
Assets:
 
 
 
Rigid Industrial Packaging & Services
$
2,137.7

 
$
1,930.8

Paper Packaging & Services
461.1

 
439.8

Flexible Products & Services
162.0

 
156.1

Land Management
344.1

 
339.9

Total segments
3,104.9

 
2,866.6

Corporate and other
231.8

 
286.4

Total assets
$
3,336.7

 
$
3,153.0

 
 
 
 
Properties, plants and equipment, net:
 
 
 
United States
$
712.9

 
$
723.3

Europe, Middle East and Africa
321.5

 
308.5

Asia Pacific and other Americas
134.1

 
140.1

Total properties, plants and equipment, net
$
1,168.5

 
$
1,171.9