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Segments (Tables) | 3 Months Ended
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Mar. 31, 2014
Segment Reporting [Abstract] |
Net Sales and Adjusted EBITDA of Reportable Segments | The following tables show net sales and Adjusted EBITDA by our segment reporting structure:
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
Net Sales: |  |  |  |  |  |  |  |
Food Care |  | $ | 904.3 |  |  | $ | 903.1 |
As a % of Total Company net sales |  |  | 49.5 | % |  |  | 49.4 | %
Diversey Care |  |  | 505.1 |  |  |  | 512.9 |
As a % of Total Company net sales |  |  | 27.6 | % |  |  | 28.0 | %
Product Care |  |  | 393.8 |  |  |  | 387.2 |
As a % of Total Company net sales |  |  | 21.5 | % |  |  | 21.2 | %
Total Reportable Segments Net Sales |  |  | 1,803.2 |  |  |  | 1,803.2 |
Other |  |  | 24.5 |  |  |  | 25.7 |
Total Company Net Sales |  | $ | 1,827.7 |  |  | $ | 1,828.9 |
Adjusted EBITDA: |  |  |  |  |  |  |  |
Food Care |  | $ | 159.5 |  |  | $ | 145.7 |
Adjusted EBITDA Margin |  |  | 17.6 | % |  |  | 16.1 | %
Diversey Care |  |  | 44.5 |  |  |  | 42.6 |
Adjusted EBITDA Margin |  |  | 8.8 | % |  |  | 8.3 | %
Product Care |  |  | 70.1 |  |  |  | 62.6 |
Adjusted EBITDA Margin |  |  | 17.8 | % |  |  | 16.2 | %
Total Reportable Segments Adjusted EBITDA |  |  | 274.1 |  |  |  | 250.9 |
Other |  |  | (22.0 | ) |  |  | (19.5 | )
Non-U.S. GAAP Total Company Adjusted EBITDA |  | $ | 252.1 |  |  | $ | 231.4 |
Adjusted EBITDA Margin |  |  | 13.8 | % |  |  | 12.7 | %
Reconciliation of Non-U.S.GAAP Adjusted EBITDA to U.S.GAAP Net Earnings | The following table shows a reconciliation of Non-U.S. GAAP Total Company Adjusted EBITDA to U.S. GAAP net earnings from continuing operations:
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
Non-U.S. GAAP Total Company Adjusted EBITDA |  | $ | 252.1 |  |  | $ | 231.4 |
Depreciation and amortization (1) |  |  | (82.8 | ) |  |  | (79.5 | )
Special items(2): |  |  |  |  |  |  |  |
Restructuring and other charges(3) |  |  | (6.1 | ) |  |  | 0.2 |
Other restructuring associated costs included in cost of sales and selling general and administrative expenses |  |  | (4.6 | ) |  |  | (5.9 | )
SARs |  |  | (0.5 | ) |  |  | (18.0 | )
Costs related to the acquisition and integration of Diversey |  |  | (0.9 | ) |  |  | (0.4 | )
Foreign currency exchange losses related to Venezuelan subsidiaries |  |  | (15.0 | ) |  |  | (13.1 | )
Loss on debt redemption |  |  | (0.4 | ) |  |  | (32.3 | )
Gain from Claims Settlement in 2014, Settlement agreement related costs in 2013 |  |  | 21.1 |  |  |  | (0.1 | )
Other expense, net |  |  | (1.9 | ) |  |  | — |
Interest expense |  |  | (78.5 | ) |  |  | (90.8 | )
Income tax provision (benefit) |  |  | 10.7 |  |  |  | (9.2 | )
U.S. GAAP net earnings from continuing operations |  | $ | 71.8 |  |  | $ | 0.7 |
(1) | Depreciation and amortization by segment is as follows:
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
Food Care |  | $ | 32.0 |  |  | $ | 30.2 |
Diversey Care |  |  | 32.3 |  |  |  | 34.7 |
Product Care |  |  | 10.6 |  |  |  | 9.7 |
Total reportable segments |  |  | 74.9 |  |  |  | 74.6 |
Other |  |  | 7.9 |  |  |  | 4.9 |
Total Company depreciation and amortization |  | $ | 82.8 |  |  | $ | 79.5 |
(2) | Includes items were consider unusual or special items. See “Non-U.S. GAAP information” above for further information.
(3) | Restructuring and other charges by segment is as follows:
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
Food Care |  | $ | 4.1 |  |  | $ | (1.4 | )
Diversey Care |  |  | 0.4 |  |  |  | (0.8 | )
Product Care |  |  | 1.5 |  |  |  | 2.0 |
Total reportable segments |  |  | 6.0 |  |  |  | (0.2 | )
Other |  |  | 0.1 |  |  |  | — |
Total Company restructuring and other charges |  | $ | 6.1 |  |  | $ | (0.2 | )

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