Segment Information

6 Months Ended

Jul. 01, 2017

Segment Information

Segment Information

Note 16.  Segment Information

Financial information by reportable segment is set forth below:

	Three Months Ended						Six Months Ended
(In millions)	July 1, 2017			July 2, 2016			July 1, 2017			July 2, 2016
Net sales to unaffiliated customers
Label and Graphic Materials	$	1,123.1		$	1,064.6		$	2,212.7		$	2,077.2
Retail Branding and Information Solutions	375.1			358.5			741.9			718.0
Industrial and Healthcare Materials	128.7			118.4			244.4			231.8
Net sales to unaffiliated customers	$	1,626.9		$	1,541.5		$	3,199.0		$	3,027.0
Intersegment sales
Label and Graphic Materials	$	16.5		$	15.9		$	31.7		$	32.7
Retail Branding and Information Solutions	.7			.8			1.6			1.7
Industrial and Healthcare Materials	1.6			1.9			3.2			4.4
Intersegment sales	$	18.8		$	18.6		$	36.5		$	38.8
Income before taxes
Label and Graphic Materials	$	148.0		$	138.3		$	283.8		$	264.9
Retail Branding and Information Solutions	28.2			23.1			54.8			44.6
Industrial and Healthcare Materials	11.0			16.9			23.8			32.5
Corporate expense	(21.5		)	(63.6		)	(44.1		)	(88.5		)
Interest expense	(16.2		)	(15.4		)	(32.9		)	(30.7		)
Income before taxes	$	149.5		$	99.3		$	285.4		$	222.8
Other expense, net by reportable segment
Label and Graphic Materials	$	5.0		$	6.2		$	7.2		$	8.3
Retail Branding and Information Solutions	2.8			2.4			6.6			5.6
Industrial and Healthcare Materials	2.4			.2			2.9			.5
Corporate	–			41.4			–			41.4
Other expense, net	$	10.2		$	50.2		$	16.7		$	55.8
Other expense, net by type
Restructuring charges:
Severance and related costs	$	7.3		$	3.6		$	13.0		$	8.8
Asset impairment charges and lease cancellation costs	.3			2.8			.3			3.2
Other items:
Transaction costs	2.6			2.1			3.4			2.1
Loss from settlement of pension obligations	–			41.4			–			41.4
Loss on sale of asset	–			.3			–			.3
Other expense, net	$	10.2		$	50.2		$	16.7		$	55.8