(4) Segments

During the fourth quarter of 2012, we began to operate under three new business divisions for our segment reporting structure. This new structure replaced our legacy seven business unit structure. Our new segment reporting structure, which we also refer to as “divisions”, reflects the way management now makes operating decisions and manages the growth and profitability of the business. It also corresponds with management’s current approach of allocating resources and assessing the performance of our segments. We report our segment information in accordance with the provision of FASB ASU Topic 280, “Segment Reporting.” The changes to our segment structure have no effect on the historical consolidated results of operations of the Company. Prior period segment results have been revised to the new segment presentation.

The following table shows net sales, depreciation and amortization and operating profit by our segment reporting structure:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2013			2012			2013			2012
Net sales
Food & Beverage	$	946.5		$	922.6		$	1,849.0		$	1,817.7
Institutional & Laundry		569.8			560.5			1,082.7			1,070.7
Protective Packaging		394.3			390.8			780.9			782.1
Other Category		50.9			50.7			101.7			99.5

Total	$	1,961.5		$	1,924.6		$	3,814.3		$	3,770.0

Depreciation and amortization⁽¹⁾
Food & Beverage	$	32.3		$	36.5		$	66.0		$	77.9
Institutional & Laundry		32.5			32.4			66.3			63.1
Protective Packaging		10.2			9.5			20.4			19.2
Other Category		7.6			2.8			10.4			5.5

Total	$	82.6		$	81.2		$	163.1		$	165.7

Operating profit
Food & Beverage	$	103.7		$	69.8		$	196.5		$	152.1
Institutional & Laundry		37.2			20.9			28.7			20.2
Protective Packaging		44.0			46.7			90.7			97.6
Other Category		(4.0	)		(1.0	)		(4.6	)		(1.6	)

Total segments and other		180.9			136.4			311.3			268.3
Costs related to the acquisition and integration of Diversey		0.1			1.7			0.5			3.5
Restructuring and other charges⁽²⁾		11.9			26.3			11.7			73.3

Total	$	168.9		$	108.4		$	299.1		$	191.5

(1)

Includes depreciation and amortization of $75.4 million in the three months ended June 30, 2013, $75.3 million in the three months ended June 30, 2012, $148.2 million in the six months ended June 30, 2013 and $155.2 million in the six months ended June 30, 2012, and amortization of share-based incentive compensation expense of $7.2 million in the three months ended June 30, 2013, $5.9 million in the three months ended June 30, 2012, $14.9 million in the six months ended June 30, 2013 and $10.5 million in the six months ended June 30, 2012.

(2)	Restructuring and other charges by our segment reporting structure were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2013		2012		2013		2012
Food & Beverage	$	4.9	$	20.0	$	2.7	$	55.7
Institutional & Laundry		5.7		2.7		4.9		7.6
Protective Packaging		1.2		3.4		4.0		9.6
Other Category		0.1		0.2		0.1		0.4

Total	$	11.9	$	26.3		11.7	$	73.3

The restructuring and other charges in 2013 primarily relate to our previously announced 2013 Earnings Quality Improvement Program (EQIP). See Note 9, “Restructuring Activities.”

Allocation of Goodwill to Reportable Segments

Our management views goodwill and identifiable intangible assets as a corporate asset, so we do not allocate their balances to the reportable segments. However, we are required to allocate their balances to each reporting unit to perform our annual impairment review of goodwill. See Note 7, “Goodwill and Identifiable Intangible Assets,” for the allocation of goodwill and the changes in goodwill in the six months ended June 30, 2013 by our reporting unit structure.