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BUSINESS SEGMENT INFORMATION
 3 Months Ended
Jan. 31, 2020
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 2019 Form 10-K.
On June 11, 2019, the Company completed the Tholu Acquisition. The results of Tholu are recorded within the Rigid Industrial Packaging & Services segment, which incorporates IBC packaging services.
On February 11, 2019, the Company completed the Caraustar Acquisition. 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 months ended January 31, 2020:
 
Three Months Ended January 31, 2020
(in millions)
United States
 
Europe, Middle East and Africa
 
Asia Pacific and Other Americas
 
Total
Rigid Industrial Packaging & Services
$
201.8

 
$
258.8

 
$
108.1

 
$
568.7

Paper Packaging & Services
467.8

 
—

 
5.9

 
473.7

Flexible Products & Services
7.3

 
48.5

 
7.2

 
63.0

Land Management
7.0

 
—

 
—

 
7.0

Total net sales
$
683.9

 
$
307.3

 
$
121.2

 
$
1,112.4


The following tables present net sales disaggregated by geographic area for each reportable segment for the three months ended January 31, 2019:
 
Three Months Ended January 31, 2019
(in millions)
United States
 
Europe, Middle East and Africa
 
Asia Pacific and Other Americas
 
Total
Rigid Industrial Packaging & Services
$
225.4

 
$
251.9

 
$
120.6

 
$
597.9

Paper Packaging & Services
217.3

 
—

 
—

 
217.3

Flexible Products & Services
8.2

 
59.2

 
7.7

 
75.1

Land Management
6.7

 
—

 
—

 
6.7

Total net sales
$
457.6

 
$
311.1

 
$
128.3

 
$
897.0

The following segment information is presented for the periods indicated:
 
Three Months Ended
January 31,
(in millions)
2020
 
2019
Operating profit:
 
 
 
Rigid Industrial Packaging & Services
$
42.8

 
$
23.3

Paper Packaging & Services
32.5

 
35.3

Flexible Products & Services
2.0

 
6.0

Land Management
1.9

 
2.6

Total operating profit
$
79.2

 
$
67.2

 
 
 
 
Depreciation, depletion and amortization expense:
 
 
 
Rigid Industrial Packaging & Services
$
19.6

 
$
19.7

Paper Packaging & Services
39.2

 
8.8

Flexible Products & Services
1.5

 
1.7

Land Management
1.0

 
1.1

Total depreciation, depletion and amortization expense
$
61.3

 
$
31.3


The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:
(in millions)
January 31,
2020
 
October 31,
2019
Assets:
 
 
 
Rigid Industrial Packaging & Services
$
2,212.2

 
$
2,006.3

Paper Packaging & Services
2,736.6

 
2,686.3

Flexible Products & Services
163.2

 
148.2

Land Management
348.0

 
348.7

Total segments
5,460.0

 
5,189.5

Corporate and other
261.5

 
237.2

Total assets
$
5,721.5

 
$
5,426.7

 
 
 
 
Properties, plants and equipment, net:
 
 
 
United States
$
1,278.2

 
$
1,295.8

Europe, Middle East and Africa
273.0

 
277.1

Asia Pacific and other Americas
113.6

 
117.4

Total properties, plants and equipment, net
$
1,664.8

 
$
1,690.3