Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Reportable Business Segment Information

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)
2019
Net sales	$	2,473,214	$	1,405,611	$	611,102	$	—		$	4,489,927
Depreciation and amortization	86,114		83,133		37,077		159			206,483
Rationalization charges	49,425		6,562		364		—			56,351
Segment income (1)	159,980		173,485		48,915		(22,894		)	359,486
Segment assets	1,853,875		2,263,131		722,848		35,474			4,875,328
Capital expenditures	102,832		95,153		32,928		31			230,944
2018
Net sales	$	2,377,980	$	1,456,799	$	614,096	$	—		$	4,448,875
Depreciation and amortization	81,420		74,217		35,949		151			191,737
Rationalization charges	5,316		180		757		—			6,253
Segment income	198,826		189,906		42,562		(19,194		)	412,100
Segment assets	1,601,944		2,169,985		722,205		33,791			4,527,925
Capital expenditures	84,490		62,183		44,242		58			190,973
2017
Net sales	$	2,278,054	$	1,246,669	$	565,131	$	—		$	4,089,854
Depreciation and amortization	77,698		61,668		34,607		89			174,062
Rationalization charges	3,308		1,042		1,476		—			5,826
Segment income (1)	230,199		142,048		27,770		(43,027		)	356,990
Segment assets	1,670,426		2,182,529		704,432		34,081			4,591,468
Capital expenditures	87,115		56,682		30,141		491			174,429

______________________ 

(1) Corporate includes costs attributed to announced acquisitions of $1.8 million and $24.7 million in 2019 and 2017, respectively.

Reconciliation of Income Before Income Taxes from Segment Income from Operations

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

	2019		2018		2017
	(Dollars in thousands)
Total segment income	$	359,486	$	412,100	$	356,990
Interest and other debt expense	107,350		118,799		117,309
Income before income taxes	$	252,136	$	293,301	$	239,681

Reconciliation of Total Segment Assets to Total Assets

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

	2019		2018
	(Dollars in thousands)
Total segment assets	$	4,875,328	$	4,527,925
Other assets	55,731		51,369
Total assets	$	4,931,059	$	4,579,294

Financial Information Relating to Operations by Geographic Area

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

	2019		2018		2017
	(Dollars in thousands)
Net sales:
United States	$	3,418,848	$	3,333,668	$	3,110,595
Foreign:
Europe	818,032		858,255		747,043
Other	253,047		256,952		232,216
Total net sales from foreign operations	1,071,079		1,115,207		979,259
Total net sales	$	4,489,927	$	4,448,875	$	4,089,854
Long-lived assets:
United States	$	1,028,965	$	989,426
Foreign:
Europe	419,195		410,919
Other	122,171		117,165
Total long-lived assets at foreign operations	541,366		528,084
Total long-lived assets	$	1,570,331	$	1,517,510