Segment and Disaggregated Revenue Information

3 Months Ended

Apr. 02, 2022

Segment Reporting [Abstract]

Segment and Disaggregated Revenue Information

Segment and Disaggregated Revenue Information

Disaggregated Revenue Information

Disaggregated revenue information is shown below in the manner that best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Revenue from our Label and Graphic Materials reportable segment is attributed to geographic areas based on the location from which products are shipped. Revenue from our RBIS reportable segment is shown by product group.

	Three Months Ended
(In millions)	April 2, 2022		April 3, 2021
Net sales to unaffiliated customers
Label and Graphic Materials:
U.S.	$	419.6	$	364.9
Europe	559.0		515.6
Asia	308.8		323.1
Latin America	106.0		95.5
Other international	86.8		77.9
Total Label and Graphic Materials	1,480.2		1,377.0
Retail Branding and Information Solutions:
Apparel	514.6		428.4
Identification Solutions and Vestcom	164.4		54.3
Total Retail Branding and Information Solutions	679.0		482.7
Industrial and Healthcare Materials	190.1		191.6
Net sales to unaffiliated customers	$	2,349.3	$	2,051.3

Additional Segment Information

Additional financial information by reportable segment and Corporate is shown below.

	Three Months Ended
(In millions)	April 2, 2022		April 3, 2021
Intersegment sales
Label and Graphic Materials	$	28.7	$	21.6
Retail Branding and Information Solutions	11.0		8.3
Industrial and Healthcare Materials	5.0		2.1
Intersegment sales	$	44.7	$	32.0
Income before taxes
Label and Graphic Materials	$	207.2	$	226.2
Retail Branding and Information Solutions	90.3		60.0
Industrial and Healthcare Materials	15.6		23.5
Corporate expense	(25.2)		(25.9)
Interest expense	(19.6)		(16.2)
Other non-operating expense (income), net	1.4		1.3
Income before taxes	$	269.7	$	268.9
Other expense (income), net, by reportable segment and Corporate
Label and Graphic Materials	$	(3.2)	$	(1.9)
Retail Branding and Information Solutions	1.6		2.1
Industrial and Healthcare Materials	—		.1
Corporate	—		.6
Other expense (income), net	$	(1.6)	$	.9

Other expense (income), net, by type was as follows:

	Three Months Ended
(In millions)	April 2, 2022		April 3, 2021
Other expense (income), net, by type
Restructuring charges:
Severance and related costs	$	.9	$	2.4
Asset impairment charges and lease cancellation costs	—		.5
Other items:
Outcomes of legal proceedings	1.0		2.1
Transaction and related costs	.2		.7
Gain on venture investment	(3.7)		—
Gain on sale of product line	—		(4.8)
Other expense (income), net	$	(1.6)	$	.9