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Segment Information (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Selected Financial Information by Reportable Segment

Selected financial information by reportable segment was as follows (dollars in millions):

 

 

 

Sales, net

 

 

 

 

 

 

Three Months Ended March 31, 2019

 

Trade

 

 

Intersegment

 

 

Total

 

 

Operating Income

(Loss)

 

 

Packaging

 

$

1,470.8

 

 

$

6.8

 

 

$

1,477.6

 

 

$

249.6

 

(a)

Paper

 

 

239.7

 

 

 

 

 

 

239.7

 

 

 

45.6

 

(a)

Corporate and other

 

 

23.2

 

 

 

33.5

 

 

 

56.7

 

 

 

(19.8

)

 

Intersegment eliminations

 

 

 

 

 

(40.3

)

 

 

(40.3

)

 

 

 

 

 

 

$

1,733.7

 

 

$

 

 

$

1,733.7

 

 

 

275.4

 

 

Non-operating pension expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.0

)

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(24.1

)

 

Income before taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

249.3

 

 

 

 

 

Sales, net

 

 

 

 

 

 

Three Months Ended March 31, 2018

 

Trade

 

 

Intersegment

 

 

Total

 

 

Operating Income

(Loss) (a)

 

 

Packaging

 

$

1,396.6

 

 

$

6.3

 

 

$

1,402.9

 

 

$

224.7

 

(b)

Paper

 

 

269.4

 

 

 

 

 

 

269.4

 

 

 

7.2

 

(b)

Corporate and Other

 

 

24.6

 

 

 

29.0

 

 

 

53.6

 

 

 

(19.0

)

(b)

Intersegment eliminations

 

 

 

 

 

(35.3

)

 

 

(35.3

)

 

 

 

 

 

 

$

1,690.6

 

 

$

 

 

$

1,690.6

 

 

 

212.9

 

 

Non-operating pension expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.5

)

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(25.8

)

 

Income before taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

186.6

 

 

 

(a)

Includes $0.6 million of charges related to the announced second quarter 2018 discontinuation of uncoated free sheet and coated one-side grades at the Wallula, Washington mill associated with the conversion of the No. 3 paper machine to a high-performance 100% virgin kraft linerboard machine.

(b)

Includes $8.8 million of charges related to the second quarter 2018 discontinuation of uncoated free sheet and coated one-side grades at the Wallula, Washington mill associated with the conversion of the No. 3 paper machine to a high-performance 100% virgin kraft linerboard machine and $0.3 million of charges consisting of closure costs related to corrugated products facilities and a corporate administration facility.