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Divestitures and Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2015
North American Foam Trays and Absorbent Pads [Member]  
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Carrying Value of Assets and Liabilities

The carrying amounts of assets and liabilities at disposition on April 1, 2015 are excluded from our Consolidated Balance Sheet as of December 31, 2015. The carrying value of the major classes of assets and liabilities for the business at the date of disposition and on December 31, 2014 (reported as held for sale) were as follows:

 

 

 

April 1,

 

 

December 31,

 

(In millions)

 

2015

 

 

2014

 

Assets:

 

 

 

 

 

 

 

 

Other receivables

 

$

—

 

 

$

0.1

 

Inventories

 

 

15.2

 

 

 

12.3

 

Prepaid expenses

 

 

0.1

 

 

 

0.1

 

Property and equipment, net

 

 

22.6

 

 

 

22.6

 

Goodwill

 

 

6.9

 

 

 

6.9

 

Assets held for sale

 

$

44.8

 

 

$

42.0

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Accrued liabilities

 

 

2.7

 

 

 

6.1

 

Liabilities held for sale

 

$

2.7

 

 

$

6.1

 

 
European Food Trays [Member]  
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Carrying Value of Assets and Liabilities

The carrying amounts of assets and liabilities at disposition on November 1, 2015 are excluded from our Consolidated Balance Sheet as of December 31, 2015. The carrying value of the major classes of assets and liabilities for the business at the date of disposition and on December 31, 2014 (reported as held for sale) were as follows:

 

 

 

November 1,

 

 

December 31,

 

(In millions)

 

2015

 

 

2014

 

Assets:

 

 

 

 

 

 

 

 

Receivables, net

 

$

0.2

 

 

$

0.2

 

Inventories, net

 

 

6.0

 

 

 

6.9

 

Other current assets

 

 

0.8

 

 

 

0.3

 

Property and equipment, net

 

 

22.4

 

 

 

27.6

 

Goodwill

 

 

1.5

 

 

 

1.7

 

Other non-current assets

 

 

0.4

 

 

 

0.4

 

Assets held for sale

 

$

31.3

 

 

$

37.1

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Accounts payable

 

 

1.6

 

 

 

1.6

 

Accrued liabilities

 

 

2.1

 

 

 

4.2

 

Other current liabilities

 

 

0.6

 

 

 

0.5

 

Long term debt

 

 

0.4

 

 

 

0.6

 

Other non-current liabilities

 

 

0.1

 

 

 

—

 

Liabilities held for sale

 

$

4.8

 

 

$

6.9

 

 
Rigid Medical Packaging Business [Member]  
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Carrying Value of Assets and Liabilities

Following is selected financial information included in net earnings from discontinued operations:

  

 

 

Year Ended

December 31,

 

 

(In millions)

 

2013

 

 

Net sales

 

$

89.6

 

 

Operating profit

 

$

11.4

 

 

Earnings before income tax provision

 

$

11.1

 

 

Income tax provision

 

 

3.5

 

 

Net earnings from discontinued operations

 

$

7.6

 

 

Gain on sale of discontinued operations before income

   tax provision

 

$

40.2

 

 

Income tax provision on sale

 

 

17.3

 

 

Net gain on sale of discontinued operations

 

$

22.9