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Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Selected Financial Information by Reportable Segment

Selected financial information by reportable segment was as follows (dollars in millions):

		Sales, net
Three Months Ended September 30, 2019		Trade				Intersegment				Total				Operating Income (Loss)
Packaging		$	1,482.9			$	7.0			$	1,489.9			$	235.1		(a)
Paper			242.8				—				242.8				48.1
Corporate and Other			25.0				34.0				59.0				(20.4	)
Intersegment eliminations			—				(41.0	)			(41.0	)			—
		$	1,750.7			$	—			$	1,750.7				262.8
Non-operating pension expense															(1.9	)
Interest expense, net															(21.6	)
Income before taxes														$	239.3

		Sales, net
Three Months Ended September 30, 2018		Trade				Intersegment				Total				Operating Income (Loss)
Packaging		$	1,528.3			$	6.8			$	1,535.1			$	284.4		(c)
Paper			254.3				—				254.3				32.3		(c)
Corporate and Other			27.3				32.3				59.6				(18.2	)	(c)
Intersegment eliminations			—				(39.1	)			(39.1	)			—
		$	1,809.9			$	—			$	1,809.9				298.5
Non-operating pension expense															(0.5	)
Interest expense, net															(23.9	)
Income before taxes														$	274.1

		Sales, net
Nine Months Ended September 30, 2019		Trade				Intersegment				Total				Operating Income (Loss)
Packaging		$	4,451.5			$	20.6			$	4,472.1			$	748.6		(a)(b)
Paper			720.3				—				720.3				132.5
Corporate and Other			72.5				98.9				171.4				(62.5	)
Intersegment eliminations			—				(119.5	)			(119.5	)			—
		$	5,244.3			$	—			$	5,244.3				818.6
Non-operating pension expense															(6.0	)
Interest expense, net															(68.0	)
Income before taxes														$	744.6

		Sales, net
Nine Months Ended September 30, 2018		Trade				Intersegment				Total				Operating Income (Loss)
Packaging		$	4,414.7			$	19.5			$	4,434.2			$	782.3		(c)
Paper			774.5				—				774.5				55.7		(c)
Corporate and Other			78.9				94.9				173.8				(57.0	)	(c)
Intersegment eliminations			—				(114.4	)			(114.4	)			—
		$	5,268.1			$	—			$	5,268.1				781.0
Non-operating pension expense															(1.6	)
Interest expense, net															(73.4	)
Income before taxes														$	706.0

(a) The three and nine months ended September 30, 2019 include $3.0 million of charges for the disposal of fixed assets related to the containerboard mill conversion at our DeRidder, Louisiana mill.

(b) The nine months ended September 30, 2019 include $0.6 million of charges related to the announced second quarter 2018 discontinuation of uncoated free sheet and coated one-side grades at the Wallula, Washington mill associated with the conversion of the No. 3 paper machine to a high-performance 100% virgin kraft linerboard machine.

(c) The three and nine months ended September 30, 2018 include the following:

1. $4.0 million and $26.4 million, respectively, of charges related to the second quarter 2018 discontinuation of uncoated free sheet and coated one-side grades at the Wallula, Washington mill associated with the conversion of the No. 3 paper machine to a high-performance 100% virgin kraft linerboard machine.

2. $1.3 million and $1.8 million, respectively, of charges consisting of closure costs related to corrugated products facilities and a corporate administration facility.

3. $0.5 million of costs for the property damage insurance deductible for a weather-related incident at one of the corrugated products facilities.

4. $0.1 million of charges related to recent acquisitions.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

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- References

No definition available.

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