XML 79 R63.htm IDEA: XBRL DOCUMENT v3.3.1.900
Segments - Assets by Reportable Segments (Detail) - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
 [4],[5]
Dec. 31, 2012
 [4]
Trade receivables, net, and finished goods inventories, net        
Total segments and other $ 1,197.1 $ 1,485.8    
Assets not allocated        
Cash and cash equivalents 358.4 286.4 [1],[2],[3],[4],[5] $ 992.4 $ 679.6
Property and equipment, net 930.7 943.0 [1],[2],[3],[6]    
Goodwill 2,909.5 2,996.9 [1],[2],[3],[7]    
Intangible assets, net 784.3 872.2 [1],[2],[3],[8]    
Total assets 7,426.0 7,953.2 [1],[2],[3]    
Operating Segments [Member] | Food Care [Member]        
Trade receivables, net, and finished goods inventories, net        
Total segments and other 522.4 678.2    
Assets not allocated        
Goodwill 596.3 603.1 [7]    
Operating Segments [Member] | Diversey Care [Member]        
Trade receivables, net, and finished goods inventories, net        
Total segments and other 440.3 514.5    
Assets not allocated        
Goodwill 937.9 1,017.8 [7]    
Operating Segments [Member] | Product Care [Member]        
Trade receivables, net, and finished goods inventories, net        
Total segments and other 219.6 279.1    
Assets not allocated        
Goodwill 1,373.7 1,371.2 [7]    
Operating Segments [Member] | Other Segments [Member]        
Trade receivables, net, and finished goods inventories, net        
Total segments and other 14.8 14.0    
Segment Reconciling Items [Member]        
Assets not allocated        
Cash and cash equivalents 358.4 286.4    
Property and equipment, net 930.7 943.0    
Goodwill 2,909.5 2,996.9    
Intangible assets, net 784.3 872.2    
Assets held for sale 10.3 106.4    
Other 1,235.7 1,262.5    
Total assets $ 7,426.0 $ 7,953.2    
[1] As of December 31, 2015, we have adopted ASU 2015-17 which resulted in a decrease in deferred tax assets of $105.6 million, an increase in non-current deferred tax assets of $17.0 million, a decrease in current deferred tax liabilities of $4.8 million and a decrease in non-current deferred tax liabilities of $83.8 million as of December 31, 2014.
[2] During the fourth quarter of 2015, we completed the sale of our European food trays business. During the fourth quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $37 million of assets and $7 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details. Certain foreign currency translation adjustments were misclassified within the components of Accumulated Other Comprehensive Income on the Consolidated Balance Sheets. Additionally, we reclassified $13 million from accounts payable to short-term borrowings related to extended payment terms on a vendor agreement and $36 million from cash to other assets related to cash used as collateral for borrowing agreements. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[3] During the second quarter of 2015, we completed the sale of our North American foam trays and absorbent pads business. During the first quarter of 2015, the assets and liabilities met the criteria of held for sale classification. Accordingly, we reclassified $42 million of assets and $6 million of liabilities as held for sale as of December 31, 2014. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.
[4] For the years ended December 31, 2014 and 2013, certain amounts related to foreign currency gains and losses, including the remeasurement loss related to Venezuelan subsidiaries in 2014 and 2013, and the settlement of foreign currency forward contracts were misclassified. Additional revisions were made to the Consolidated Balance Sheets for the years ended December 31, 2014 and 2013. As a result, corresponding changes were made on the Consolidated Statement of Cash Flows. See Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards” under the heading “Reclassifications and Revisions” for further discussion of the revisions.
[5] Interest payments in 2014 include $417 million related to the Settlement agreement
[6] Excludes North American foam trays and absorbent pads and European food trays business property and equipment, net. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.
[7] Excludes North American foam trays and absorbent pads and European food trays business goodwill. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.
[8] Excludes North American foam trays and absorbent pads business intangible assets. Refer to Note 3, “Divestitures and Acquisitions” of the notes to Consolidated Financial Statements for further details.