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BUSINESS SEGMENT INFORMATION
6 Months Ended
Apr. 30, 2019
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 2018 Form 10-K.
On February 11, 2019, the Company completed the Caraustar Acquisition. Caraustar sells a variety of specialty paper products which complement the Company's Paper Packaging & Services specialty portfolio. The results of Caraustar are recorded within the Paper Packaging & Services segment while the Company evaluates the impact of the Caraustar Acquisition on its reportable business segments.
The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2019:
 
Three Months Ended April 30,2019
(in millions)
United States
 
Europe, Middle East and Africa
 
Asia Pacific and Other Americas
 
Total
Rigid Industrial Packaging & Services
$
232.9

 
$
283.7

 
$
115.0

 
$
631.6

Paper Packaging & Services
491.6

 

 
6.0

 
497.6

Flexible Products & Services
8.6

 
60.7

 
7.7

 
77.0

Land Management
7.1

 

 

 
7.1

Total net sales
$
740.2

 
$
344.4

 
$
128.7

 
$
1,213.3


 
Six Months Ended April 30,2019
(in millions)
United States
 
Europe, Middle East and Africa
 
Asia Pacific and Other Americas
 
Total
Rigid Industrial Packaging & Services
$
458.4

 
$
535.6

 
$
235.5

 
$
1,229.5

Paper Packaging & Services
708.9

 

 
6.0

 
714.9

Flexible Products & Services
16.7

 
120.0

 
15.4

 
152.1

Land Management
13.8

 

 

 
13.8

Total net sales
$
1,197.8

 
$
655.6

 
$
256.9

 
$
2,110.3


The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2018:
 
Three Months Ended April 30,2018
(in millions)
United States
 
Europe, Middle East and Africa
 
Asia Pacific and Other Americas
 
Total
Rigid Industrial Packaging & Services
$
233.4

 
$
301.6

 
$
127.7

 
$
662.7

Paper Packaging & Services
213.9

 

 

 
213.9

Flexible Products & Services
8.6

 
69.1

 
6.4

 
84.1

Land Management
7.6

 

 

 
7.6

Total net sales
$
463.5

 
$
370.7

 
$
134.1

 
$
968.3


 
Six Months Ended April 30,2018
(in millions)
United States
 
Europe, Middle East and Africa
 
Asia Pacific and Other Americas
 
Total
Rigid Industrial Packaging & Services
$
447.7

 
$
568.1

 
$
262.3

 
$
1,278.1

Paper Packaging & Services
417.7

 

 

 
417.7

Flexible Products & Services
16.7

 
133.9

 
13.5

 
164.1

Land Management
14.1

 

 

 
14.1

Total net sales
$
896.2

 
$
702.0

 
$
275.8

 
$
1,874.0



The following segment information is presented for the periods indicated:
 
Three Months Ended
April 30,
 
Six Months Ended
April 30,
(in millions)
2019
 
2018
 
2019
 
2018
Operating profit:
 
 
 
 
 
 
 
Rigid Industrial Packaging & Services
$
47.0

 
$
47.2

 
$
70.3

 
$
78.4

Paper Packaging & Services
30.2

 
33.0

 
65.5

 
60.9

Flexible Products & Services
11.2

 
5.0

 
17.2

 
8.2

Land Management
2.2

 
2.5

 
4.8

 
5.7

Total operating profit
$
90.6

 
$
87.7

 
$
157.8

 
$
153.2

 
 
 
 
 
 
 
 
Depreciation, depletion and amortization expense:
 
 
 
 
 
 
 
Rigid Industrial Packaging & Services
$
18.7

 
$
21.1

 
$
38.4

 
$
41.7

Paper Packaging & Services
34.2

 
8.4

 
43.0

 
16.7

Flexible Products & Services
1.6

 
1.8

 
3.3

 
3.6

Land Management
1.0

 
1.1

 
2.1

 
2.1

Total depreciation, depletion and amortization expense
$
55.5

 
$
32.4

 
$
86.8

 
$
64.1


The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:
(in millions)
April 30,
2019
 
October 31,
2018
Assets:
 
 
 
Rigid Industrial Packaging & Services
$
2,069.2

 
$
1,963.0

Paper Packaging & Services
2,683.8

 
474.3

Flexible Products & Services
155.5

 
153.9

Land Management
349.7

 
347.2

Total segments
5,258.2

 
2,938.4

Corporate and other
252.2

 
256.4

Total assets
$
5,510.4

 
$
3,194.8

 
 
 
 
Properties, plants and equipment, net:
 
 
 
United States
$
1,305.7

 
$
796.3

Europe, Middle East and Africa
260.7

 
276.9

Asia Pacific and other Americas
119.0

 
118.7

Total properties, plants and equipment, net
$
1,685.4

 
$
1,191.9