Segment and Disaggregated Revenue Information (Tables)

9 Months Ended

Sep. 26, 2020

Segment and Disaggregated Revenue Information

Summary of net sales to unaffiliated customers

	Three Months Ended				Nine Months Ended
(In millions)	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Net sales to unaffiliated customers
Label and Graphic Materials:
U.S.	$	320.7	$	315.8	$	963.9	$	947.6
Europe		404.6		429.5		1,272.2		1,331.6
Asia		264.4		266.8		736.4		790.1
Latin America		84.1		99.0		245.2		284.0
Other international		71.6		74.0		202.7		216.4
Total Label and Graphic Materials		1,145.4		1,185.1		3,420.4		3,569.7
Retail Branding and Information Solutions:
Apparel		371.5		353.8		985.1		1,077.3
Printer Solutions		54.6		53.0		137.8		146.1
Total Retail Branding and Information Solutions		426.1		406.8		1,122.9		1,223.4
Industrial and Healthcare Materials		157.6		169.5		437.3		504.1
Net sales to unaffiliated customers	$	1,729.1	$	1,761.4	$	4,980.6	$	5,297.2

Summary of additional financial information by reportable segment and Corporate

	Three Months Ended				Nine Months Ended
(In millions)	September 26, 2020		September 28, 2019		September 26, 2020		September 28, 2019
Intersegment sales
Label and Graphic Materials	$	19.8	$	18.2	$	55.1	$	59.5
Retail Branding and Information Solutions		7.3		5.6		19.4		14.8
Industrial and Healthcare Materials		2.0		1.5		4.8		7.0
Intersegment sales	$	29.1	$	25.3	$	79.3	$	81.3
Income before taxes
Label and Graphic Materials	$	173.1	$	159.0	$	483.1	$	460.6
Retail Branding and Information Solutions		47.0		45.7		67.2		147.5
Industrial and Healthcare Materials		12.5		17.7		34.9		47.8
Corporate expense		(19.1)		(22.7)		(49.0)		(65.5)
Interest expense		(15.6)		(19.0)		(54.4)		(58.0)
Other non-operating expense (income), net		(.1)		(.8)		.2		(448.2)
Income before taxes	$	197.8	$	179.9	$	482.0	$	84.2
Other expense (income), net, by reportable segment and Corporate
Label and Graphic Materials	$	1.4	$	1.2	$	28.3	$	13.2
Retail Branding and Information Solutions		4.4		1.2		20.6		.9
Industrial and Healthcare Materials		6.6		.9		8.6		4.2
Corporate		—		3.4		(.2)		3.4
Other expense (income), net	$	12.4	$	6.7	$	57.3	$	21.7
Other expense (income), net, by type
Restructuring charges:
Severance and related costs	$	6.5	$	3.3	$	46.4	$	19.8
Asset impairment charges and lease cancellation costs		4.4		—		6.2		1.7
Other items:
Loss on investment		1.5		—		1.5		—
Transaction and related costs		—		—		3.2		—
Legal settlement		—		3.4		—		3.4
Gain on sales of assets		—		—		—		(3.2)
Other expense (income), net	$	12.4	$	6.7	$	57.3	$	21.7