Segment and Disaggregated Revenue Information

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Segment and Disaggregated Revenue Information

Note 13. Segment and Disaggregated Revenue Information

Disaggregated Revenue Information 

Disaggregated revenue information is shown below in the manner that best depicts how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. Revenue from our Label and Graphic Materials reportable segment is attributed to geographic areas based on the location from which products are shipped. Revenue from our RBIS reportable segment is shown by product group. 

	Three Months Ended				Six Months Ended
(In millions)	July 3, 2021		June 27, 2020		July 3, 2021		June 27, 2020
Net sales to unaffiliated customers
Label and Graphic Materials:
U.S.	$	357.7	$	315.1	$	722.6	$	643.2
Europe, Middle East and North Africa		535.9		422.3		1,051.5		867.6
Asia		297.9		230.7		621.0		472.0
Latin America		100.9		70.9		196.4		161.1
Other international		83.8		62.5		161.7		131.1
Total Label and Graphic Materials		1,376.2		1,101.5		2,753.2		2,275.0
Retail Branding and Information Solutions:
Apparel		469.6		255.0		898.0		613.6
Printer Solutions		59.7		39.9		114.0		83.2
Total Retail Branding and Information Solutions		529.3		294.9		1,012.0		696.8
Industrial and Healthcare Materials		196.5		132.1		388.1		279.7
Net sales to unaffiliated customers	$	2,102.0	$	1,528.5	$	4,153.3	$	3,251.5

Additional Segment Information

Additional financial information by reportable segment and Corporate is shown below.

	Three Months Ended						Six Months Ended
(In millions)	July 3, 2021			June 27, 2020			July 3, 2021			June 27, 2020
Intersegment sales
Label and Graphic Materials	$	24.7		$	12.9		$	46.3		$	35.3
Retail Branding and Information Solutions		9.4			5.6			17.7			12.1
Industrial and Healthcare Materials		2.2			1.2			4.3			2.8
Intersegment sales	$	36.3		$	19.7		$	68.3		$	50.2
Income before taxes
Label and Graphic Materials	$	228.1		$	137.5		$	454.3		$	310.0
Retail Branding and Information Solutions		42.1			(10.7	)		102.1			20.2
Industrial and Healthcare Materials		22.5			7.5			46.0			22.4
Corporate expense		(22.8	)		(10.8	)		(48.7	)		(29.9	)
Interest expense		(16.0	)		(20.0	)		(32.2	)		(38.8	)
Other non-operating expense (income), net		1.4			(.2	)		2.7			.3
Income before taxes	$	255.3		$	103.3		$	524.2		$	284.2
Other expense (income), net, by reportable segment and Corporate
Label and Graphic Materials	$	(28.5	)	$	25.8		$	(30.4	)	$	26.9
Retail Branding and Information Solutions		27.5			12.9			29.6			16.2
Industrial and Healthcare Materials		.5			1.5			.6			2.0
Corporate		(.1	)		(.2	)		.5			(.2	)
Other expense (income), net	$	(.6	)	$	40.0		$	.3		$	44.9
Other expense (income), net, by type
Restructuring charges:
Severance and related costs	$	1.6		$	37.5		$	4.0		$	39.9
Asset impairment charges and lease cancellation costs		.1			1.8			.6			1.8
Other items:
Loss on sale of assets, net		.2			—			.2			—
Transaction and related costs		—			.7			.7			3.2
Gain on sale of product line		—			—			(4.8	)		—
Outcomes of legal proceedings, net(1)		(2.5	)		—			(.4	)		—
Other expense (income), net	$	(.6	)	$	40.0		$	.3		$	44.9

(1) Second quarter and first half of 2021 include an indirect tax credit based on a Brazilian Federal Supreme Court ruling in our favor in the amount of $29.1 million, partially offset by a contingent liability related to a jury verdict issued in a patent infringement lawsuit in the amount of $26.6 million. Refer to Note 12, “Commitments and Contingencies,” to the unaudited Condensed Consolidated Financial Statements for more information related to the patent infringement lawsuit.