Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

Reportable business segment information for the three and nine months ended September 30 is as follows:

	Metal				Plastic
	Containers		Closures		Containers			Corporate			Total
	(Dollars in thousands)
Three Months Ended September 30, 2012

Net sales	$	814,111	$	182,730	$	142,706		$	-		$	1,139,547
Depreciation and amortization(1)		21,920		7,900		10,755			22			40,597
Rationalization charges (credit)		1,732		453		(137	)		-			2,048
Segment income from operations(2) (3)		103,453		24,134		6,221			(1,376	)		132,432

Three Months Ended September 30, 2011

Net sales	$	798,663	$	189,554	$	159,791		$	-		$	1,148,008
Depreciation and amortization(1)		20,498		8,353		11,269			417			40,537
Rationalization charges		-		339		343			-			682
Segment income from operations		111,745		24,369		3,802			(3,865	)		136,051

Nine Months Ended September 30, 2012

Net sales	$	1,738,684	$	528,782	$	462,050		$	-		$	2,729,516
Depreciation and amortization(1)		64,926		24,110		31,690			729			121,455
Rationalization charges		1,732		2,594		1,483			-			5,809
Segment income from operations(2) (3)		185,604		65,072		24,201			(8,044	)		266,833

Nine Months Ended September 30, 2011

Net sales	$	1,671,404	$	534,133	$	467,781		$	-		$	2,673,318
Depreciation and amortization(1)		58,481		25,074		33,576			1,264			118,395
Rationalization charges		1,378		1,731		1,673			-			4,782
Segment income from operations(2) (3)		192,984		62,866		14,629			13,677			284,156

(1)

Depreciation and amortization excludes amortization of debt issuance costs of $1.2 million and amortization of debt discount and issuance costs of $0.9 million for the three months ended September 30, 2012 and 2011, respectively, and amortization of debt discount and issuance costs of $3.7 million and $2.5 million for the nine months ended September 30, 2012 and 2011, respectively.

(2)

Income from operations for corporate includes costs attributable to announced acquisitions of $0.8 million and $1.5 million for the three and nine months ended September 30, 2012, respectively, and also includes income of $25.2 million for the nine months ended September 30, 2011 for proceeds received as a result of the termination of the merger agreement with Graham Packaging Company Inc., or the Graham Packaging merger agreement, net of costs associated with certain corporate development activities.

(3)

Income from operations of the metal containers segment includes new plant start-up costs of $1.4 million and $4.3 million for the three and nine months ended September 30, 2012, respectively, and a charge for the resolution of a past product liability dispute of $3.3 million for the nine months ended September 30, 2011.

Reconciliation of Segment Income from Operations to Income before Income Taxes

Total segment income from operations is reconciled to income before income taxes as follows:

	Three Months Ended				Nine Months Ended
	Sept. 30,		Sept. 30,		Sept. 30,		Sept. 30,
	2012		2011		2012		2011
	(Dollars in thousands)

Total segment income from operations	$	132,432	$	136,051	$	266,833	$	284,156
Interest and other debt expense		16,005		17,268		86,326		47,654
Income before income taxes	$	116,427	$	118,783	$	180,507	$	236,502

- 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+ Details

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details