XML 60 R42.htm IDEA: XBRL DOCUMENT v3.6.0.2
Segment Informaiton (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Revenue from External Customers by Product Line
Segment sales to external customers by product line were as follows (dollars in millions):
 
Year Ended December 31
2016
 
2015
 
2014
Packaging sales
$
4,584.8

 
$
4,477.3

 
$
4,540.3

 
 
 
 
 
 
Paper sales
 
 
 
 
 
White papers
1,065.8

 
1,089.6

 
1,138.5

Market pulp
28.1

 
53.5

 
62.9

 
1,093.9

 
1,143.1

 
1,201.4

Corporate and Other
100.3

 
121.3

 
110.9

 
$
5,779.0

 
$
5,741.7

 
$
5,852.6
Analysis of Operations by Reportable Segment
An analysis of operations by reportable segment is as follows (dollars in millions):
 
 
Sales, net
 
Operating Income (Loss)
 
Depreciation,
Amortization, and Depletion
 
Capital
Expenditures (j)
 
Assets
Year Ended December 31, 2016
 
Trade
 
Inter-
segment
 
Total
 
 
 
 
Packaging
 
$
4,577.4

 
$
7.4

 
$
4,584.8

 
$
711.1

(a)
$
293.3

 
$
239.9

 
$
4,530.5

Paper
 
1,093.9

 
—

 
1,093.9

 
138.1

(b)
59.6

 
31.6

 
946.2

Corporate and Other
 
107.7

 
139.2

 
246.9

 
(68.9
)
(c)
5.1

 
2.8

 
300.3

Intersegment eliminations
 
—

 
(146.6
)
 
(146.6
)
 
—

 
—

 
—

 
—

 
 
$
5,779.0

 
$
—

 
$
5,779.0

 
780.3

 
$
358.0

 
$
274.3

 
$
5,777.0

Interest expense, net
 
 
 
 
 
 
 
(91.8
)
 
 
 
 
 
 
Income before taxes
 
 
 
 
 
 
 
$
688.5

 
 
 
 
 
 
 
 
Sales, net
 
Operating Income (Loss)
 
Depreciation,
Amortization, and Depletion
 
Capital
Expenditures (j)
 
Assets
Year Ended December 31, 2015
 
Trade
 
Inter-
segment
 
Total
 
 
 
 
Packaging
 
$
4,474.1

 
$
3.2

 
$
4,477.3

 
$
714.9

(d)
$
297.3

 
$
250.3

 
$
4,027.9

Paper
 
1,143.1

 
—

 
1,143.1

 
112.5

(e)
54.9

 
58.5

 
976.5

Corporate and Other
 
124.5

 
133.8

 
258.3

 
(77.4
)
(f)
4.3

 
5.7

 
267.9

Intersegment eliminations
 
—

 
(137.0
)
 
(137.0
)
 
—

 
—

 
—

 
—

 
 
$
5,741.7

 
$
—

 
$
5,741.7

 
750.0

 
$
356.5

 
$
314.5

 
$
5,272.3

Interest expense, net
 
 
 
 
 
 
 
(85.5
)
 
 
 
 
 
 
Income before taxes
 
 
 
 
 
 
 
$
664.5

 
 
 
 
 
 
 
 
Sales, net
 
Operating Income (Loss)
 
Depreciation,
Amortization, and Depletion
 
Capital
Expenditures (j)
 
Assets
Year Ended December 31, 2014
 
Trade
 
Inter-
segment
 
Total
 
 
 
 
Packaging
 
$
4,534.5

 
$
5.8

 
$
4,540.3

 
$
663.2

(g)
$
323.0

 
$
362.1

 
$
4,105.3

Paper
 
1,201.4

 
—

 
1,201.4

 
135.4

 
50.6

 
51.7

 
968.6

Corporate and Other
 
116.7

 
144.9

 
261.6

 
(95.9
)
(h)
7.4

 
6.4

 
184.8

Intersegment eliminations
 
—

 
(150.7
)
 
(150.7
)
 
—

 
—

 
—

 
—

 
 
$
5,852.6

 
$
—

 
$
5,852.6

 
702.7

 
$
381.0

 
$
420.2

 
$
5,258.7

Interest expense, net
 
 
 
 
 
 
 
(88.4
)
(i)
 
 
 
 
 
Income before taxes
 
 
 
 
 
 
 
$
614.3

 
 
 
 
 
 

____________
(a)
Includes $9.3 million of closure costs related to corrugated product facilities.
Includes $4.2 million of acquisition-related costs for the TimBar Corporation and Columbus Container, Inc. acquisitions.
Includes $0.9 million of costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities.
(b)
Includes $2.7 million of costs related to ceased softwood market pulp operations at our Wallula, Washington mill and the permanent shut down of the No.1 machine.
Includes $1.7 million of closure costs related to a paper products facility.
(c)
Includes $0.3 million of acquisition-related costs for the TimBar Corporation acquisition.
(d)
Includes net charges of $2.0 million primarily related to restructuring activities at our mill in DeRidder, Louisiana and $4.1 million of Boise acquisition integration-related and other costs.
(e)
In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale.
(f)
Includes $9.3 million of Boise acquisition integration-related and other costs. These costs primarily relate to professional fees, severance, retention, relocation, travel, and other integration-related costs.
(g)
Includes $65.8 million of costs related primarily to the conversion of the No. 3 newsprint machine at our DeRidder, Louisiana mill to produce lightweight linerboard and corrugating medium, and our exit from the newsprint business in September 2014. Includes $4.9 million of Boise acquisition integration-related and other costs.
(h)
Includes $13.5 million of Boise acquisition integration-related and other costs and $17.6 million of costs for the settlement of the Kleen Products LLC v Packaging Corp. of America et al class action lawsuit. See Note 18, Commitments, Guarantees, Indemnifications, and Legal Proceedings, for more information.
(i)
Includes $1.5 million of expense related to the write-off of deferred financing costs in connection with the debt refinancing discussed in Note 9, Debt.
(j)
Includes "Additions to property, plant, and equipment" and excludes cash used for "Acquisitions of businesses, net of cash acquired" as reported on our Consolidated Statements of Cash Flows.