Segment and Disaggregated Revenue Information (Tables)

6 Months Ended

Jun. 27, 2020

Segment and Disaggregated Revenue Information

Summary of net sales to unaffiliated customers

	Three Months Ended				Six Months Ended
(In millions)	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Net sales to unaffiliated customers
Label and Graphic Materials:
U.S.(1)	$	315.1	$	320.1	$	643.2	$	631.8
Europe(1)		422.3		452.2		867.6		902.1
Asia(1)		230.7		267.1		472.0		523.3
Latin America		70.9		94.4		161.1		185.0
Other international		62.5		72.5		131.1		142.4
Total Label and Graphic Materials(1)		1,101.5		1,206.3		2,275.0		2,384.6
Retail Branding and Information Solutions:
Apparel(1)		255.0		370.4		613.6		723.5
Printer Solutions		39.9		47.9		83.2		93.1
Total Retail Branding and Information Solutions(1)		294.9		418.3		696.8		816.6
Industrial and Healthcare Materials		132.1		171.1		279.7		334.6
Net sales to unaffiliated customers	$	1,528.5	$	1,795.7	$	3,251.5	$	3,535.8

⁽¹⁾In the first quarter of 2020, an insignificant portion of the net sales and associated operating loss related to the acquisition of Smartrac was reported in Label and Graphic Materials' results, reflecting sales through that segment's channels. To better align the reporting with our current organization structure, the results associated with the acquisition were reclassified and are now included solely in Retail Branding and Information Solutions' results.

Summary of additional financial information by reportable segment

	Three Months Ended				Six Months Ended
(In millions)	June 27, 2020		June 29, 2019		June 27, 2020		June 29, 2019
Intersegment sales
Label and Graphic Materials	$	12.9	$	20.1	$	35.3	$	41.3
Retail Branding and Information Solutions		5.6		5.0		12.1		9.2
Industrial and Healthcare Materials		1.2		2.9		2.8		5.5
Intersegment sales	$	19.7	$	28.0	$	50.2	$	56.0
Income (loss) before taxes
Label and Graphic Materials(1)	$	137.5	$	162.1	$	310.0	$	301.6
Retail Branding and Information Solutions(1)		(10.7)		50.4		20.2		101.8
Industrial and Healthcare Materials		7.5		16.5		22.4		30.1
Corporate expense		(10.8)		(19.9)		(29.9)		(42.8)
Interest expense		(20.0)		(19.5)		(38.8)		(39.0)
Other non-operating expense, net		(.2)		(.9)		.3		(447.4)
Income (loss) before taxes	$	103.3	$	188.7	$	284.2	$	(95.7)
Other expense, net by reportable segment
Label and Graphic Materials(1)	$	25.8	$	4.4	$	26.9	$	12.0
Retail Branding and Information Solutions(1)		12.9		1.7		16.2		(.3)
Industrial and Healthcare Materials		1.5		1.4		2.0		3.3
Corporate		(.2)		—		(.2)		—
Other expense, net	$	40.0	$	7.5	$	44.9	$	15.0
Other expense, net by type
Restructuring charges:
Severance and related costs	$	37.5	$	6.1	$	39.9	$	16.5
Asset impairment charges and lease cancellation costs		1.8		1.4		1.8		1.7
Other items:
Transaction and related costs		.7		—		3.2		—
Gain on sales of assets		—		—		—		(3.2)
Other expense, net	$	40.0	$	7.5	$	44.9	$	15.0

⁽¹⁾In the first quarter of 2020, an insignificant portion of the net sales and associated operating loss related to the acquisition of Smartrac was reported in Label and Graphic Materials' results, reflecting sales through that segment's channels. To better align the reporting with our current organization structure, the results associated with the acquisition were reclassified and are now included solely in Retail Branding and Information Solutions' results.