Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

Effective in the fourth quarter of 2014, in connection with the Company's announcement to commit to a plan to divest all of the Company's operations in Asia Pacific and Africa, the Company reorganized its reportable segments as a result of a change to what the CODM uses to measure profitability and allocate resources. Accordingly, the Company presents four geographic operating and reportable segments — North America, Europe, Latin America, and Africa/Asia Pacific. As a result of the change in how the CODM manages and allocates resources, there was a change in how certain corporate costs are allocated to better align with how the CODM allocates resources. Previously, the amounts were evenly allocated across each reportable segment and the amounts are now allocated based on a percentage of revenue at each segment. This change in the allocation method is reflected in the results below retrospectively. The Company’s operating and reportable segments align with the structure of the Company’s internal management organization. All four segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum, and fiber optic communication, construction, electric utility and electrical infrastructure wire and cable products. In addition to the above products, the North America, Latin America and Africa/Asia Pacific segments manufacture and distribute rod mill wire and cable products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. For the year ended December 31, 2015, intersegment sales were $29.8 million in North America, $18.3 million in Europe, and $19.5 million in Latin America. For the year ended December 31, 2014, intersegment sales were $31.5 million in North America, $55.8 million in Europe, and $31.7 million in Latin America. For the year ended December 31, 2013, intersegment sales were $20.6 million in North America, $54.9 million in Europe, and $72.3 million in Latin America.

The chief operating decision maker evaluates segment performance and allocates resources based on segment operating income. Segment operating income represents income from continuing operations before interest income, interest expense, other income (expense), other financial costs and income tax. Summarized financial information for the Company's reportable segments is as follows:

	Year Ended
(in millions)	Dec 31, 2015			Dec 31, 2014			Dec 31, 2013
Net Sales:
North America	$	2,299.3		$	2,550.1		$	2,751.6
Europe	960.2			1,330.8			1,448.7
Latin America	726.8			1,143.0			1,211.9
Africa/Asia Pacific	238.8			365.1			369.1
Total	$	4,225.1		$	5,389.0		$	5,781.3
Segment Operating Income (Loss):
North America	$	84.5		$	101.8		$	127.5
Europe	6.6			(94.0		)	(7.8		)
Latin America	(22.8		)	(247.5		)	44.2
Africa/Asia Pacific	(47.7		)	(6.8		)	11.9
Total	$	20.6		$	(246.5	)	$	175.8
Capital Expenditures:
North America	$	20.9		$	38.4		$	33.5
Europe	20.7			9.5			14.1
Latin America	11.1			25.6			21.5
Africa/Asia Pacific	3.8			7.3			11.9
Total	$	56.5		$	80.8		$	81.0
Depreciation Expense:
North America	$	37.1		$	39.8		$	40.3
Europe	25.2			33.1			35.5
Latin America	12.6			20.4			25.9
Africa/Asia Pacific	5.1			5.8			5.5
Total	$	80.0		$	99.1		$	107.2
Total Assets:
North America	$	999.0		$	1,220.3		$	1,342.0
Europe	632.0			751.4			1,045.9
Latin America	480.8			656.6			1,202.8
Africa/Asia Pacific	354.9			738.4			988.2
Total	$	2,466.7		$	3,366.7		$	4,578.9

The total assets of the discontinued operations as of December 31, 2015, 2014 and 2013 are $160.8 million, $433.7 million and $647.7 million, respectively. The total assets of the discontinued operations are included in the Africa/Asia Pacific segment above.

Revenues by Major Product Lines Revenues to external customers are attributable to sales of electric utility, electrical infrastructure, construction, communications and rod mill wire product lines.

	Year Ended
(in millions)	Dec 31, 2015		Dec 31, 2014		Dec 31, 2013
Electric Utility	$	1,431.6	$	1,702.9	$	1,809.3
Electrical Infrastructure	1,224.9		1,552.4		1,648.9
Construction	819.9		1,229.5		1,348.7
Communications	501.5		545.3		681.6
Rod Mill Products	247.2		358.9		292.8
Total	$	4,225.1	$	5,389.0	$	5,781.3

Geographic Information The following table presents net sales to unaffiliated customers by country of destination for the last three years and long-lived assets by country as of December 31:

	Net Sales						Non - Current Assets
	Year Ended						Year Ended
(in millions)	Dec 31, 2015		Dec 31, 2014		Dec 31, 2013		Dec 31, 2015		Dec 31, 2014
United States	$	1,914.0	$	2,049.3	$	1,919.8	$	266.0	$	318.9
Canada	345.5		467.1		708.0		25.4		42.3
France	295.2		383.6		469.4		61.9		65.4
Brazil	247.4		457.9		421.3		57.4		69.7
Spain	153.5		218.5		280.7		47.6		64.0
Others	1,269.5		1,812.6		1,982.1		266.5		410.3
Total	$	4,225.1	$	5,389.0	$	5,781.3	$	724.8	$	970.6

The total long-lived assets of the discontinued operations as of December 31, 2015 and 2014 are $56.9 million and $119.9 million, respectively. The total long-lived assets of the discontinued operations are included in the Others category above.