Segment Information (Tables)

6 Months Ended

Jul. 01, 2017

Segment Information

Summary of Financial information by reportable segment

	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