BUSINESS SEGMENT INFORMATION

9 Months Ended

Jul. 31, 2022

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION

The Company has six operating segments, which are aggregated into three reportable business segments: Global Industrial Packaging; Paper Packaging & 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 2021 Form 10-K.

The following tables present net sales disaggregated by geographic area for each reportable segment for the three and nine months ended July 31, 2022:

	Three Months Ended July 31, 2022
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	316.2	$	424.5	$	166.0	$	906.7
Paper Packaging & Services	698.2		—		12.0		710.2
Land Management	5.2		—		—		5.2
Total net sales	$	1,019.6	$	424.5	$	178.0	$	1,622.1
	Nine Months Ended July 31, 2022
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	980.2	$	1,340.9	$	506.4	$	2,827.5
Paper Packaging & Services	1,977.5		—		32.0		2,009.5
Land Management	16.7		—		—		16.7
Total net sales	$	2,974.4	$	1,340.9	$	538.4	$	4,853.7

The following tables present net sales disaggregated by geographic area for each reportable segment for the three and nine months ended July 31, 2021:

	Three Months Ended July 31, 2021
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	278.0	$	463.0	$	166.8	$	907.8
Paper Packaging & Services	568.5		—		10.3		578.8
Land Management	4.2		—		—		4.2
Total net sales	$	850.7	$	463.0	$	177.1	$	1,490.8
	Nine Months Ended July 31, 2021
(in millions)	United States		Europe, Middle East and Africa		Asia Pacific and Other Americas		Total
Global Industrial Packaging	$	731.2	$	1,204.0	$	429.9	$	2,365.1
Paper Packaging & Services	1,570.4		—		26.3		1,596.7
Land Management	16.1		—		—		16.1
Total net sales	$	2,317.7	$	1,204.0	$	456.2	$	3,977.9

The following segment information is presented for the periods indicated:

	Three Months Ended July 31,				Nine Months Ended July 31,
(in millions)	2022		2021		2022		2021
Operating profit:
Global Industrial Packaging	$	107.2	$	122.0	$	246.2	$	252.4
Paper Packaging & Services	96.7		47.5		215.1		89.1
Land Management	1.8		3.6		6.5		102.2
Total operating profit	$	205.7	$	173.1	$	467.8	$	443.7
Depreciation, depletion and amortization expense:
Global Industrial Packaging	$	17.1	$	20.6	$	56.5	$	62.8
Paper Packaging & Services	33.6		36.7		106.7		110.8
Land Management	0.7		0.8		2.2		2.6
Total depreciation, depletion and amortization expense	$	51.4	$	58.1	$	165.4	$	176.2

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

(in millions)	July 31, 2022		October 31, 2021
Assets:
Global Industrial Packaging	$	2,498.6	$	2,735.1
Paper Packaging & Services	2,518.8		2,506.5
Land Management	250.1		249.2
Total segments	5,267.5		5,490.8
Corporate and other	358.6		325.0
Total assets	$	5,626.1	$	5,815.8
Long lived assets, net:
United States	$	1,277.3	$	1,321.8
Europe, Middle East and Africa	306.8		374.5
Asia Pacific and other Americas	96.2		114.3
Total long-lived assets, net	$	1,680.3	$	1,810.6