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Segment Information | 12 Months Ended
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Dec. 31, 2016
Segment Reporting [Abstract] |
Segment Information | Segment Information In 2015, our business operations consisted of two reportable segments, Packaging Systems and Delivery Systems. Beginning in 2016, we changed our organization and reporting structure for our next phase of growth and development, which resulted in a change to Proprietary Products and Contract-Manufactured Products as our reportable segments. The Proprietary Products reportable segment, which is a combination of the previous Packaging Systems segment and the proprietary products portion of the previous Delivery Systems segment, develops commercial, operational, and innovation strategies across our global network, with specific emphasis on product offerings to biologic, generic, and pharmaceutical drug customers. The Contract-Manufactured Products reportable segment, which consists of the contract manufacturing portion of the previous Delivery Systems segment, serves as a fully integrated business focused on the design, manufacture, and automated assembly of complex devices, primarily for pharmaceutical, diagnostic, and medical device customers. We evaluate the performance of our segments based upon, among other things, segment net sales and operating profit. Segment operating profit excludes general corporate costs, which include executive and director compensation, stock-based compensation, adjustments to annual incentive plan expense for over- or under-attainment of targets, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments. Also excluded are items that we consider not representative of ongoing operations. Such items are referred to as other unallocated items and generally include restructuring and related charges, certain asset impairments and other specifically-identified income or expense items. The following table presents information about our reportable segments, reconciled to consolidated totals:
($ in millions) | 2016 | 2015 | 2014
Net sales: |  |  |  |  |  |
Proprietary Products | $ | 1,189.9 |  | $ | 1,098.3 |  | $ | 1,126.3 |
Contract-Manufactured Products | 320.2 |  | 302.4 |  | 295.7 |
Intersegment sales elimination | (1.0 | ) | (0.9 | ) | (0.6 | )
Consolidated net sales | $ | 1,509.1 |  | $ | 1,399.8 |  | $ | 1,421.4 |
The intersegment sales elimination, which is required for the presentation of consolidated net sales, represents the elimination of components sold between our segments. We do not have any customers accounting for greater than 10% of consolidated net sales. The following table presents net sales and property, plant and equipment, net, by the country in which the legal subsidiary is domiciled and assets are located:
| Net Sales |  | Property, Plant and Equipment, Net
($ in millions) | 2016 | 2015 | 2014 |  | 2016 | 2015 | 2014
United States | $ | 738.3 |  | $ | 667.4 |  | $ | 630.7 |  |  | $ | 329.3 |  | $ | 332.3 |  | $ | 327.5 |
Germany | 200.6 |  | 194.0 |  | 219.4 |  |  | 96.8 |  | 102.9 |  | 110.9 |
France | 116.3 |  | 107.6 |  | 118.2 |  |  | 37.1 |  | 38.6 |  | 40.4 |
Other European countries | 268.3 |  | 252.0 |  | 285.0 |  |  | 192.3 |  | 117.6 |  | 91.5 |
Other | 185.6 |  | 178.8 |  | 168.1 |  |  | 122.8 |  | 129.6 |  | 135.5 |
| $ | 1,509.1 |  | $ | 1,399.8 |  | $ | 1,421.4 |  |  | $ | 778.3 |  | $ | 721.0 |  | $ | 705.8 |
The following tables provide summarized financial information for our segments:
($ in millions) | Proprietary Products | Contract-Manufactured Products | Corporate and Elimination | Consolidated
2016 |  |  |  |
Net sales | $ | 1,189.9 |  | $ | 320.2 |  | $ | (1.0 | ) | $ | 1,509.1 |
Operating profit | $ | 241.9 |  | $ | 38.2 |  | $ | (83.3 | ) | $ | 196.8 |
Interest expense, net | — |  | — |  | (7.0 | ) | (7.0 | )
Income before income taxes | $ | 241.9 |  | $ | 38.2 |  | $ | (90.3 | ) | $ | 189.8 |
Segment assets | $ | 1,173.9 |  | $ | 261.1 |  | $ | 281.7 |  | $ | 1,716.7 |
Capital expenditures | 133.2 |  | 34.0 |  | 3.0 |  | 170.2 |
Depreciation and amortization expense | 71.7 |  | 14.9 |  | 4.1 |  | 90.7 |
2015 |  |  |  |
Net sales | $ | 1,098.3 |  | $ | 302.4 |  | $ | (0.9 | ) | $ | 1,399.8 |
Operating profit | $ | 212.2 |  | $ | 35.5 |  | $ | (119.1 | ) | $ | 128.6 |
Interest expense, net | — |  | — |  | (12.5 | ) | (12.5 | )
Income before income taxes | $ | 212.2 |  | $ | 35.5 |  | $ | (131.6 | ) | $ | 116.1 |
Segment assets | $ | 1,083.7 |  | $ | 248.5 |  | $ | 362.9 |  | $ | 1,695.1 |
Capital expenditures | 113.2 |  | 22.1 |  | (3.7 | ) | 131.6 |
Depreciation and amortization expense | 69.9 |  | 14.2 |  | 5.8 |  | 89.9 |
2014 |  |  |  |
Net sales | $ | 1,126.3 |  | $ | 295.7 |  | $ | (0.6 | ) | $ | 1,421.4 |
Operating profit | $ | 199.6 |  | $ | 36.9 |  | $ | (54.5 | ) | $ | 182.0 |
Interest expense, net | — |  | — |  | (13.0 | ) | (13.0 | )
Income before income taxes | $ | 199.6 |  | $ | 36.9 |  | $ | (67.5 | ) | $ | 169.0 |
Segment assets | $ | 1,185.5 |  | $ | 234.0 |  | $ | 250.2 |  | $ | 1,669.7 |
Capital expenditures | 88.4 |  | 26.9 |  | (3.4 | ) | 111.9 |
Depreciation and amortization expense | 71.6 |  | 12.7 |  | 5.7 |  | 90.0 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
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