Business Segment Information

3 Months Ended

Jan. 31, 2018

Segment Reporting [Abstract]

Business Segment Information

BUSINESS SEGMENT INFORMATION

The Company has eight 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 2017 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 January 31,
(in millions)	2018		2017
Net sales:
Rigid Industrial Packaging & Services	$	615.4	$	561.5
Paper Packaging & Services	203.8		182.9
Flexible Products & Services	80.0		69.7
Land Management	6.5		6.8
Total net sales	$	905.7	$	820.9
Operating profit:
Rigid Industrial Packaging & Services	$	31.2	$	42.8
Paper Packaging & Services	27.9		20.0
Flexible Products & Services	3.2		0.6
Land Management	3.2		2.2
Total operating profit	$	65.5	$	65.6
Depreciation, depletion and amortization expense:
Rigid Industrial Packaging & Services	$	20.6	$	19.4
Paper Packaging & Services	8.3		8.3
Flexible Products & Services	1.8		1.9
Land Management	1.0		1.1
Total depreciation, depletion and amortization expense	$	31.7	$	30.7

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

	Three Months Ended January 31,
(in millions)	2018		2017
Net sales:
United States	$	432.7	$	408.0
Europe, Middle East and Africa	331.3		285.9
Asia Pacific and other Americas	141.7		127.0
Total net sales	$	905.7	$	820.9

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

(in millions)	January 31, 2018		October 31, 2017
Assets:
Rigid Industrial Packaging & Services	$	2,099.9	$	1,976.7
Paper Packaging & Services	461.6		459.8
Flexible Products & Services	172.1		163.2
Land Management	347.7		345.4
Total segments	3,081.3		2,945.1
Corporate and other	246.8		287.2
Total assets	$	3,328.1	$	3,232.3
Properties, plants and equipment, net:
United States	$	728.2	$	730.1
Europe, Middle East and Africa	337.6		322.0
Asia Pacific and other Americas	137.4		136.3
Total properties, plants and equipment, net	$	1,203.2	$	1,188.4