Segment Information

9 Months Ended

Sep. 28, 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						Nine Months Ended
(In millions)	September 28, 2013			September 29, 2012			September 28, 2013			September 29, 2012
Net sales to unaffiliated customers
Pressure-sensitive Materials	$	1,094.0		$	1,051.6		$	3,305.9		$	3,197.1
Retail Branding and Information Solutions	391.4			376.5			1,193.7			1,127.5
Other specialty converting businesses	19.5			18.9			56.5			55.8
Net sales to unaffiliated customers	$	1,504.9		$	1,447.0		$	4,556.1		$	4,380.4
Intersegment sales
Pressure-sensitive Materials	$	15.6		$	15.4		$	48.6		$	46.4
Retail Branding and Information Solutions	.9			1.1			2.0			2.8
Other specialty converting businesses	.3			.3			1.2			.6
Intersegment sales	$	16.8		$	16.8		$	51.8		$	49.8
Income from continuing operations before taxes
Pressure-sensitive Materials	$	111.7		$	84.4		$	334.1		$	278.5
Retail Branding and Information Solutions	12.5			12.9			50.7			41.7
Other specialty converting businesses	(.7		)	(5.1		)	(6.2		)	(11.7		)
Corporate expense	(32.7		)	(19.7		)	(70.2		)	(63.2		)
Interest expense	(16.0		)	(18.0		)	(43.0		)	(54.9		)
Income from continuing operations before taxes	$	74.8		$	54.5		$	265.4		$	190.4
Other expense, net by reportable segment and other businesses
Pressure-sensitive Materials	$	3.4		$	13.5		$	8.7		$	23.7
Retail Branding and Information Solutions	10.5			5.5			19.5			11.4
Other specialty converting businesses	.1			2.2			.1			2.8
Corporate	11.7			.7			4.6			2.8
Other expense, net	$	25.7		$	21.9		$	32.9		$	40.7
Other expense, net by type
Restructuring costs:
Severance and related costs	$	8.7		$	17.6		$	20.9		$	33.1
Asset impairment charges and lease and other contract cancellation costs	8.0			1.5			11.7			3.4
Other items:
Charitable contribution to Avery Dennison Foundation	10.0			–			10.0			–
Gain on sale of assets	(.5		)	–			(12.7		)	–
Gain on sale of product line	–			–			–			(.6		)
Gain from curtailment of pension obligation	(1.6		)	–			(1.6		)	–
Product line exits	–			2.1			–			2.1
Legal settlement	–			–			2.5			–
Divestiture-related costs (1)	1.1			.7			2.1			2.7
Other expense, net	$	25.7		$	21.9		$	32.9		$	40.7

(1) Represents the portion in continuing operations.