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Segment Information
 9 Months Ended
Oct. 03, 2015
Segment Information  
Segment Information

 

Note 16.  Segment Information

 

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

 

 

 

Three Months Ended

 

Nine Months Ended

 

(In millions)

 

October 3,
2015

 

September 27,
2014

 

October 3,
2015

 

September 27,
2014

 

Net sales to unaffiliated customers

 

 

 

 

 

 

 

 

 

Pressure-sensitive Materials

 

$
1,083.7

 

$
1,157.0

 

$
3,318.4

 

$
3,481.4

 

Retail Branding and Information Solutions

 
366.8

 
383.9

 
1,138.7

 
1,186.0

 

Vancive Medical Technologies

 
17.6

 
18.7

 
55.0

 
58.1

 

 

 

 

 

 

 

 

 

 

 

Net sales to unaffiliated customers

 

$
1,468.1

 

$
1,559.6

 

$
4,512.1

 

$
4,725.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intersegment sales

 

 

 

 

 

 

 

 

 

Pressure-sensitive Materials

 

$
14.6

 

$
16.2

 

$
46.5

 

$
49.1

 

Retail Branding and Information Solutions

 

.3

 

.5

 
1.5

 
1.9

 

Vancive Medical Technologies

 
1.2

 
2.7

 
4.4

 
7.5

 

 

 

 

 

 

 

 

 

 

 

Intersegment sales

 

$
16.1

 

$
19.4

 

$
52.4

 

$
58.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before taxes

 

 

 

 

 

 

 

 

 

Pressure-sensitive Materials

 

$
130.5

 

$
116.6

 

$
383.2

 

$
315.1

 

Retail Branding and Information Solutions

 
25.1

 
20.6

 
54.3

 
65.5

 

Vancive Medical Technologies

 
(1.2

)
(2.9

)
(4.7

)
(7.2

)

Corporate expense

 
(23.6

)
(19.8

)
(70.1

)
(64.0

)

Interest expense

 
(14.7

)
(15.4

)
(45.3

)
(46.4

)

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before taxes

 

$
116.1

 

$
99.1

 

$
317.4

 

$
263.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other expense, net by reportable segment

 

 

 

 

 

 

 

 

 

Pressure-sensitive Materials

 

$
1.1

 

$
2.1

 

$
13.8

 

$
36.3

 

Retail Branding and Information Solutions

 
3.9

 
5.2

 
29.4

 
16.8

 

Vancive Medical Technologies

 
1.7

 

.1

 
3.4

 

.1

 

Corporate

 

.3

 

.4

 
2.4

 

.4

 

 

 

 

 

 

 

 

 

 

 

Other expense, net

 

$
7.0

 

$
7.8

 

$
49.0

 

$
53.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other expense, net by type

 

 

 

 

 

 

 

 

 

Restructuring costs:

 

 

 

 

 

 

 

 

 

Severance and related costs

 

$
4.7

 

$
5.1

 

$
35.0

 

$
48.0

 

Asset impairment charges and lease cancellation costs

 
1.9

 
1.6

 
5.5

 
4.5

 

Other items:

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible asset impairment charge

 

–

 
3.0

 

–

 
3.0

 

Loss on sale of product line and related exit costs

 

.2

 

–

 
10.5

 

–

 

Gain on sale of assets

 

–

 
(1.9

)
(1.7

)
(2.5

)

Loss from curtailment of pension obligation

 

–

 

–

 

–

 

.6

 

Legal settlement

 

.2

 

–

 

(.3

)

–

 

 

 

 

 

 

 

 

 

 

 

Other expense, net

 

$
7.0

 

$
7.8

 

$
49.0

 

$
53.6