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Business Segment Information
 3 Months Ended
Jan. 31, 2015
Segment Reporting [Abstract]  
Business Segment Information

NOTE 17 — BUSINESS SEGMENT INFORMATION

The Company has five operating segments, which are aggregated into four reportable business segments: Rigid Industrial Packaging & Services; Paper Packaging; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services reportable business segment is the aggregation of the two operating segments: Rigid Industrial Packaging & Services – Americas; and Rigid Industrial Packaging & Services Europe, Middle East, Africa, and Asia Pacific.

The Company’s reportable business segments offer different products and services. The accounting policies of the reportable business segments are substantially the same as those described in the “Basis of Presentation and Summary of Significant Accounting Policies” note in the 2014 Form 10-K. The measure of segment profitability that is used by the Company is operating profit.

 

The following segment information is presented for the periods indicated (Dollars in millions):

 

     Three months ended  
     January 31,  
     2015      2014  

Net sales

      

Rigid Industrial Packaging & Services

    $ 649.7       $ 712.3   

Paper Packaging

      159.2         169.8   

Flexible Products & Services

      88.1         113.2   

Land Management

      5.3         6.2   
  

 

 

     

 

 

  

Total net sales

 $ 902.3    $ 1,001.5   
  

 

 

     

 

 

  

Operating profit (loss):

Rigid Industrial Packaging & Services

 $ 20.2    $ 29.2   

Paper Packaging

   28.1      30.0   

Flexible Products & Services

   (8.8 )    0.8   

Land Management

   25.9      11.4   
  

 

 

     

 

 

  

Total operating profit

 $ 65.4    $ 71.4   
  

 

 

     

 

 

  

Depreciation, depletion and amortization expense:

Rigid Industrial Packaging & Services

 $ 24.2    $ 27.5   

Paper Packaging

   7.4      7.2   

Flexible Products & Services

   2.3      3.7   

Land Management

   0.7      0.8   
  

 

 

     

 

 

  

Total depreciation, depletion and amortization expense

 $ 34.6    $ 39.2   
  

 

 

     

 

 

  

The following table presents net sales to external customers by geographic area (Dollars in millions):

 

     Three months ended January 31,  
     2015      2014  

Net sales:

      

United States

    $ 410.0       $ 441.6   

Europe, Middle East and Africa

      319.4         373.9   

Asia Pacific and other Americas

      172.9         186.0   
  

 

 

     

 

 

  

Total net sales

 $ 902.3    $ 1,001.5   
  

 

 

     

 

 

  

The following table presents total assets by segment and geographic area (Dollars in millions):

 

     January 31, 2015      October 31, 2014  

Assets:

      

Rigid Industrial Packaging & Services

    $ 2,207.3       $ 2,334.1   

Paper Packaging

      413.8         408.3   

Flexible Products & Services

      236.3         251.0   

Land Management

      331.7         319.0   
  

 

 

     

 

 

  

Total segments

   3,189.1      3,312.4   

Corporate and other

   318.4      355.0   
  

 

 

     

 

 

  

Total assets

 $ 3,507.5    $ 3,667.4   
  

 

 

     

 

 

  

Properties, plants and equipment, net:

United States

 $ 737.8    $ 716.5   

Europe, Middle East and Africa

   347.4      387.5   

Asia Pacific and other Americas

   193.3      189.0   
  

 

 

     

 

 

  

Total properties, plants and equipment, net

 $ 1,278.5    $ 1,293.0