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Segments (Tables) | 9 Months Ended
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Sep. 30, 2012
Net Sales, Depreciation and Amortization and Operating Profit of Reportable Segments | The following table shows net sales, depreciation and amortization and operating profit by our segment reporting structure:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Net sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Food Packaging |  | $ | 509.8 |  |  | $ | 529.8 |  |  | $ | 1,497.7 |  |  | $ | 1,506.6 |
Food Solutions |  |  | 254.4 |  |  |  | 265.5 |  |  |  | 739.7 |  |  |  | 756.2 |
Protective Packaging |  |  | 344.0 |  |  |  | 361.2 |  |  |  | 1,034.2 |  |  |  | 1,049.8 |
Diversey |  |  | 698.5 |  |  |  | — |  |  |  | 2,113.6 |  |  |  | — |
Other |  |  | 93.6 |  |  |  | 90.6 |  |  |  | 285.1 |  |  |  | 275.6 |
Total |  | $ | 1,900.3 |  |  | $ | 1,247.1 |  |  | $ | 5,670.3 |  |  | $ | 3,588.2 |
Depreciation and amortization on property, plant and equipment and intangible assets |  |  |  |  |  |  |  |  |
Food Packaging |  | $ | 16.3 |  |  | $ | 17.0 |  |  | $ | 53.6 |  |  | $ | 50.2 |
Food Solutions |  |  | 8.4 |  |  |  | 8.2 |  |  |  | 24.2 |  |  |  | 23.9 |
Protective Packaging |  |  | 6.1 |  |  |  | 6.4 |  |  |  | 17.8 |  |  |  | 19.8 |
Diversey |  |  | 38.1 |  |  |  | — |  |  |  | 118.5 |  |  |  | — |
Other |  |  | 6.5 |  |  |  | 5.1 |  |  |  | 16.8 |  |  |  | 15.7 |
Total |  | $ | 75.4 |  |  | $ | 36.7 |  |  | $ | 230.9 |  |  | $ | 109.6 |
Operating profit—continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Food Packaging |  | $ | 68.5 |  |  | $ | 75.4 |  |  | $ | 174.8 |  |  | $ | 200.3 |
Food Solutions |  |  | 31.9 |  |  |  | 29.4 |  |  |  | 84.7 |  |  |  | 74.0 |
Protective Packaging |  |  | 48.5 |  |  |  | 48.5 |  |  |  | 137.8 |  |  |  | 134.8 |
Diversey |  |  | 29.6 |  |  |  | — |  |  |  | 42.8 |  |  |  | — |
Other |  |  | 2.9 |  |  |  | 0.5 |  |  |  | 9.6 |  |  |  | 3.4 |
Total segments and other |  |  | 181.4 |  |  |  | 153.8 |  |  |  | 449.7 |  |  |  | 412.5 |
Impairment of Diversey goodwill and other intangible assets |  |  | 1,334.3 |  |  |  | — |  |  |  | 1,334.3 |  |  |  | — |
Costs related to the acquisition of Diversey |  |  | 1.3 |  |  |  | 24.1 |  |  |  | 4.8 |  |  |  | 30.7 |
Restructuring and other charges (1) |  |  | 36.8 |  |  |  | (0.2 | ) |  |  | 110.1 |  |  |  | (0.2 | )
Operating (loss) profit |  | $ | (1,191.0 | ) |  | $ | 129.9 |  |  | $ | (999.5 | ) |  | $ | 382.0 |
Restructing and Other Charges by Our Segment Reporting Structure |
(1) | Restructuring and other charges by our segment reporting structure were as follows:
|  | Three Months Ended September 30, 2012 |  |  | Nine Months Ended September 30, 2012 |
Food Packaging |  | $ | 6.0 |  |  | $ | 33.5 |
Food Solutions |  |  | 0.9 |  |  |  | 6.7 |
Protective Packaging |  |  | 1.5 |  |  |  | 8.1 |
Diversey |  |  | 26.1 |  |  |  | 56.2 |
Other |  |  | 2.3 |  |  |  | 5.6 |
Total |  | $ | 36.8 |  |  | $ | 110.1 |
Assets by Reportable Segments | The following table shows assets allocated by our segment reporting structure. Only assets identifiable by segment and reviewed by our chief operating decision maker by segment are allocated to the reportable segment assets. These assets are trade receivables, net, and finished goods inventories, net. All other assets are included in “Assets not allocated.”
|  | September 30, 2012 |  |  | December 31, 2011 |
Assets: |  |  |  |  |  |  |  |
Trade receivables, net, and finished goods inventory, net |  |  |  |  |  |  |  |
Food Packaging |  | $ | 443.6 |  |  | $ | 420.4 |
Food Solutions |  |  | 204.6 |  |  |  | 210.1 |
Protective Packaging |  |  | 322.4 |  |  |  | 307.8 |
Diversey |  |  | 820.3 |  |  |  | 758.3 |
Other |  |  | 70.5 |  |  |  | 64.5 |
Total segments and other |  | $ | 1,861.4 |  |  | $ | 1,761.1 |
Assets not allocated |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | 540.8 |  |  |  | 703.6 |
Property and equipment, net |  |  | 1,233.9 |  |  |  | 1,269.2 |
Goodwill |  |  | 3,117.4 |  |  |  | 4,209.6 |
Intangibles, net |  |  | 1,772.4 |  |  |  | 2,035.7 |
Assets held for sale |  |  | 264.1 |  |  |  | 279.0 |
Other |  |  | 1,387.7 |  |  |  | 1,173.8 |
Total |  | $ | 10,177.7 |  |  | $ | 11,432.0 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: 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=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 32 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total profit or loss from reportable segments, to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations. + References Reference 1: 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=6534315&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -Paragraph 32 -Subparagraph b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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