BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Reportable Business Segment Information

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

 

	Dispensing and Specialty Closures		Metal Containers		Custom Containers		Corporate		Total
	(Dollars in thousands)
2021
Net sales	$	2,160,484	$	2,808,065	$	708,556	$	—	$	5,677,105
Depreciation and amortization	125,640		85,499		39,064		157		250,360
Rationalization charges	5,806		8,873		331		—		15,010
Segment income (1)	262,148		253,736		92,359		(32,130)		576,113
Segment assets	4,429,186		2,319,982		888,715		34,490		7,672,373
Capital expenditures	113,601		78,462		40,196		5		232,264
2020
Net sales	$	1,712,433	$	2,557,980	$	651,530	$	—	$	4,921,943
Depreciation and amortization	99,062		82,404		37,473		159		219,098
Rationalization charges	5,759		9,905		367		—		16,031
Segment income (1)	224,374		246,628		87,810		(46,426)		512,386
Segment assets	3,617,969		1,973,933		814,303		35,214		6,441,419
Capital expenditures	91,291		80,701		52,151		34		224,177
2019
Net sales	$	1,405,611	$	2,473,214	$	611,102	$	—	$	4,489,927
Depreciation and amortization	83,133		86,114		37,077		159		206,483
Rationalization charges	6,562		49,425		364		—		56,351
Segment income	173,485		159,980		48,915		(22,894)		359,486
Segment assets	2,263,131		1,853,875		722,848		35,474		4,875,328
Capital expenditures	95,153		102,832		32,928		31		230,944

______________________ 

(1)    Corporate includes costs attributed to announced acquisitions of $5.0 million and $19.3 million in 2021 and 2020, respectively.

Reconciliation of Income Before Income Taxes from Segment Income from Operations

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

	2021		2020		2019
	(Dollars in thousands)
Total segment income	$	576,113	$	512,386	$	359,486
Interest and other debt expense	109,800		105,308		107,350
Income before income taxes	$	466,313	$	407,078	$	252,136

Reconciliation of Total Segment Assets to Total Assets

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

	2021		2020
	(Dollars in thousands)
Total segment assets	$	7,672,373	$	6,441,419
Other assets	98,473		70,167
Total assets	$	7,770,846	$	6,511,586

Financial Information Relating to Operations by Geographic Area

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

	2021		2020		2019
	(Dollars in thousands)
Net sales:
United States	$	4,131,375	$	3,650,953	$	3,418,848
Foreign:
Europe	1,166,557		953,695		818,032
Other	379,173		317,295		253,047
Total net sales from foreign operations	1,545,730		1,270,990		1,071,079
Total net sales	$	5,677,105	$	4,921,943	$	4,489,927
Long-lived assets:
United States	$	1,286,167	$	1,121,596
Foreign:
Europe	536,401		551,365
Other	171,309		167,797
Total long-lived assets at foreign operations	707,710		719,162
Total long-lived assets	$	1,993,877	$	1,840,758