Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2014

Information for each of the past three years for our business segments is as follows:



	Metal Containers			Closures		Plastic Containers		Corporate			Total
	(Dollars in thousands)
2014
Net sales	$	2,369,684		$	882,934	$	659,172	$	—		$	3,911,790
Depreciation and amortization	70,117			41,571		36,274		127			148,089
Rationalization charges	(440		)	12,256		2,665		—			14,481
Segment income from operations ⁽¹⁾	248,704			75,592		51,495		(14,938		)	360,853
Segment assets	1,555,046			857,375		775,932		33,682			3,222,035
Capital expenditures	94,396			24,160		21,866		7			140,429
2013
Net sales	$	2,341,409		$	720,111	$	646,998	$	—		$	3,708,518
Depreciation and amortization	84,871			35,834		46,807		132			167,644
Rationalization charges	2,490			5,615		3,882		—			11,987
Segment income from operations ⁽²⁾	236,327			63,046		38,563		(13,756		)	324,180
Segment assets	1,514,823			937,506		753,325		33,886			3,239,540
Capital expenditures	73,764			17,094		11,769		509			103,136
2012
Net sales	$	2,293,749		$	680,031	$	614,538	$	—		$	3,588,318
Depreciation and amortization	87,629			32,427		44,203		756			165,015
Rationalization charges	2,446			2,878		3,336		—			8,660
Segment income from operations ⁽³⁾	231,456			73,148		30,848		(9,943		)	325,509
Segment assets	1,742,842			639,598		809,937		33,726			3,226,103
Capital expenditures	68,737			19,838		30,405		261			119,241

______________________


(1)	Closures includes a loss from operations in Venezuela of $3.1 million. Corporate includes costs attributable to announced acquisitions of $0.5 million.


(2)	Metal containers includes new plant start-up costs of $0.8 million. Closures includes a loss from operations in Venezuela of $2.9 million, which includes a charge of $3.0 million for the remeasurement of net assets due to a currency devaluation. Corporate includes costs attributable to announced acquisitions of $1.5 million.


(3)	Metal containers includes new plant start-up costs of $6.4 million. Closures includes income from operations in Venezuela of $5.1 million. Corporate includes costs attributable to announced acquisitions of $1.5 million.

Reconciliation of Income Before Income Taxes from Segment Income from Operations

Total segment income from operations is reconciled to income before income taxes as follows:



	2014		2013		2012
	(Dollars in thousands)
Total segment income from operations	$	360,853	$	324,180	$	325,509
Interest and other debt expense	76,301		69,462		101,722
Income before income taxes	$	284,552	$	254,718	$	223,787

Reconciliation of Total Segment Assets to Total Assets

Total segment assets at December 31 are reconciled to total assets as follows:



	2014		2013
	(Dollars in thousands)
Total segment assets	$	3,222,035	$	3,239,540
Other assets	81,889		81,542
Total assets	$	3,303,924	$	3,321,082

Financial Information Relating to Operations by Geographic Area

Financial information relating to our operations by geographic area is as follows:



	2014		2013		2012
	(Dollars in thousands)
Net sales:
United States	$	3,026,352	$	2,925,547	$	2,845,773
Foreign:
Europe	675,447		601,530		559,818
Canada	140,215		120,536		124,059
Other	69,776		60,905		58,668
Total net sales from foreign operations	885,438		782,971		742,545
Total net sales	$	3,911,790	$	3,708,518	$	3,588,318
Long-lived assets:
United States	$	706,168	$	681,494
Foreign:
Europe	288,510		360,733
Canada	40,481		45,319
Other	28,472		30,897
Total long-lived assets at foreign operations	357,463		436,949
Total long-lived assets	$	1,063,631	$	1,118,443

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details