Segment Information

6 Months Ended

Jun. 29, 2013

Segment Information

Segment Information

Note 16.  Segment Information

We realigned our segment reporting to reflect a new operating structure in the fourth quarter of 2012.  Prior period amounts have been reclassified to conform to current period presentation.

Financial information by reportable segment and other businesses from continuing operations is set forth below.

	Three Months Ended						Six Months Ended
(In millions)	June 29, 2013			June 30, 2012			June 29, 2013			June 30, 2012
Net sales to unaffiliated customers
Pressure-sensitive Materials	$	1,113.9		$	1,080.5		$	2,211.9		$	2,145.5
Retail Branding and Information Solutions	419.6			390.9			802.3			751.0
Other specialty converting businesses	18.8			19.0			37.0			36.9
Net sales to unaffiliated customers	$	1,552.3		$	1,490.4		$	3,051.2		$	2,933.4
Intersegment sales
Pressure-sensitive Materials	$	16.5		$	15.5		$	33.0		$	31.1
Retail Branding and Information Solutions	.6			1.1			1.0			1.7
Other specialty converting businesses	.3			.2			1.0			.2
Intersegment sales	$	17.4		$	16.8		$	35.0		$	33.0
Income from continuing operations before taxes
Pressure-sensitive Materials	$	117.5		$	94.0		$	222.4		$	194.1
Retail Branding and Information Solutions	23.6			22.7			38.2			28.8
Other specialty converting businesses	(2.8		)	(3.4		)	(5.5		)	(6.6		)
Corporate expense	(14.0		)	(21.1		)	(37.5		)	(43.5		)
Interest expense	(14.8		)	(18.6		)	(27.0		)	(36.9		)
Income from continuing operations before taxes	$	109.5		$	73.6		$	190.6		$	135.9
Other (income) expense, net by reportable segment and other businesses
Pressure-sensitive Materials	$	1.7		$	8.0		$	5.3		$	10.2
Retail Branding and Information Solutions	6.0			.9			9.0			5.9
Other specialty converting businesses	–			.6			–			.6
Corporate	(8.0		)	1.7			(7.1		)	2.1
Other (income) expense, net	$	(.3	)	$	11.2		$	7.2		$	18.8
Other (income) expense, net by type
Restructuring costs:
Severance and related costs	$	5.4		$	9.8		$	12.2		$	15.5
Asset impairment charges and lease and other contract cancellation costs	2.4			.4			3.7			1.9
Other items:
Gain on sale of assets	(10.9		)	–			(12.2		)	–
Gain on sale of product line	–			(.6		)	–			(.6		)
Legal settlement	2.5			–			2.5			–
Divestiture-related costs (1)	.3			1.6			1.0			2.0
Other (income) expense, net	$	(.3	)	$	11.2		$	7.2		$	18.8

(1) Represents the portion in continuing operations