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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2020
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, 2020

 

Trade

 

 

Intersegment

 

 

Total

 

 

Operating Income (Loss)

 

 

Packaging

 

$

1,465.4

 

 

$

2.1

 

 

$

1,467.5

 

 

$

199.8

 

(a)

Paper

 

 

217.4

 

 

 

—

 

 

 

217.4

 

 

 

32.5

 

(a)

Corporate and Other

 

 

25.9

 

 

 

34.3

 

 

 

60.2

 

 

 

(23.2

)

 

Intersegment eliminations

 

 

—

 

 

 

(36.4

)

 

 

(36.4

)

 

 

—

 

 

 

 

$

1,708.7

 

 

$

—

 

 

$

1,708.7

 

 

 

209.1

 

 

Non-operating pension income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.6

 

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(19.6

)

 

Income before taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

$

190.1

 

 

 

 

 

 

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

 

(b)

Paper

 

 

239.7

 

 

 

—

 

 

 

239.7

 

 

 

45.6

 

(b)

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

 

 

 

 

(a)

The three months ended March 31, 2020 include the following:

 

1.

$0.8 million of incremental, out-of-pocket costs related to COVID-19, including supplies, cleaning and sick pay.

 

2.

$0.4 million of charges consisting of closure costs related to corrugated products facilities.

(b)

Includes $0.6 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 produce virgin kraft linerboard.