BUSINESS SEGMENT INFORMATION

6 Months Ended

Apr. 30, 2020

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 April 1, 2020, the Company completed the divestiture of the CPG business. The results of the CPG business were recorded within the Paper Packaging & Services segment as of April 30, 2020.

The following tables present net sales disaggregated by geographic area for each reportable segment for the three and six months ended April 30, 2020:


	Three Months Ended April 30, 2020
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Rigid Industrial Packaging & Services	$	220.8	$	281.3	$	100.5	$	602.6
Paper Packaging & Services	475.1		—		6.5		481.6
Flexible Products & Services	5.7		54.9		6.8		67.4
Land Management	6.7		—		—		6.7
Total net sales	$	708.3	$	336.2	$	113.8	$	1,158.3


	Six Months Ended April 30, 2020
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Rigid Industrial Packaging & Services	$	422.6	$	540.1	$	208.6	$	1,171.3
Paper Packaging & Services	942.9		—		12.4		955.3
Flexible Products & Services	13.0		103.4		14.0		130.4
Land Management	13.7		—		—		13.7
Total net sales	$	1,392.2	$	643.5	$	235.0	$	2,270.7

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 segment information is presented for the periods indicated:


	Three Months Ended April 30,						Six Months Ended April 30,
(in millions)	2020		2019		2020		2019
Operating profit:
Rigid Industrial Packaging & Services	$	70.5	$	47.0	$	113.3	$	70.3
Paper Packaging & Services	(5.5)		30.2		27.0		65.5
Flexible Products & Services	4.6		11.2		6.6		17.2
Land Management	2.4		2.2		4.3		4.8
Total operating profit	$	72.0	$	90.6	$	151.2	$	157.8

Depreciation, depletion and amortization expense:
Rigid Industrial Packaging & Services	$	20.0	$	18.7	$	39.6	$	38.4
Paper Packaging & Services	38.8		34.2		78.0		43.0
Flexible Products & Services	1.5		1.6		3.0		3.3
Land Management	0.9		1.0		1.9		2.1
Total depreciation, depletion and amortization expense	$	61.2	$	55.5	$	122.5	$	86.8

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


(in millions)	April 30, 2020		October 31, 2019
Assets:
Rigid Industrial Packaging & Services	$	2,072.7	$	2,006.3
Paper Packaging & Services	2,691.7		2,686.3
Flexible Products & Services	154.7		148.2
Land Management	349.1		348.7
Total segments	5,268.2		5,189.5
Corporate and other	260.8		237.2
Total assets	$	5,529.0	$	5,426.7

Long lived assets, net*:
United States	$	1,441.3	$	1,295.8
Europe, Middle East and Africa	366.5		277.1
Asia Pacific and other Americas	109.3		117.4
Total long-lived assets, net	$	1,917.1	$	1,690.3
* current year disclosure includes impact of capitalization of operating lease assets