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Business Segment Information
 6 Months Ended
Apr. 30, 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 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
April 30,		      Six months ended
April 30,		  
     2015      2014      2015      2014  

Net sales

            

Rigid Industrial Packaging & Services

    $ 666.6       $ 784.3       $ 1,316.3       $ 1,496.6   

Paper Packaging

      160.4         169.8         319.6         339.6   

Flexible Products & Services

      82.0         105.3         170.1         218.5   

Land Management

      6.9         6.1         12.2         12.3   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total net sales

 $ 915.9    $ 1,065.5    $ 1,818.2    $ 2,067.0   
  

 

 

     

 

 

     

 

 

     

 

 

  

Operating profit (loss):

Rigid Industrial Packaging & Services

 $ 25.8    $ 51.2    $ 46.0    $ 80.4   

Paper Packaging

   27.1      26.5      55.2      56.5   

Flexible Products & Services

   (5.3 )    (10.3 )    (14.1 )    (9.5 ) 

Land Management

   3.5      11.7      29.4      23.1   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total operating profit

 $ 51.1    $ 79.1    $ 116.5    $ 150.5   
  

 

 

     

 

 

     

 

 

     

 

 

  

Depreciation, depletion and amortization expense:

Rigid Industrial Packaging & Services

 $ 24.2    $ 26.8    $ 48.4    $ 54.3   

Paper Packaging

   7.3      8.1      14.7      15.3   

Flexible Products & Services

   2.1      3.7      4.4      7.4   

Land Management

   1.1      0.8      1.8      1.6   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total depreciation, depletion and amortization expense

 $ 34.7    $ 39.4    $ 69.3    $ 78.6   
  

 

 

     

 

 

     

 

 

     

 

 

  

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

 

     Three months ended April 30,      Six months ended April 30,  
     2015      2014      2015      2014  

Net sales:

            

United States

    $ 428.2       $ 473.3       $ 838.2       $ 914.9   

Europe, Middle East and Africa

      322.8         414.6         642.2         788.5   

Asia Pacific and other Americas

      164.9         177.6         337.8         363.6   
  

 

 

     

 

 

     

 

 

     

 

 

  

Total net sales

 $ 915.9    $ 1,065.5    $ 1,818.2    $ 2,067.0   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

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

 

     April 30, 2015      October 31, 2014  

Assets:

      

Rigid Industrial Packaging & Services

    $ 2,213.3       $ 2,416.6   

Paper Packaging

      434.1         418.2   

Flexible Products & Services

      219.8         251.0   

Land Management

      331.1         319.0   
  

 

 

     

 

 

  

Total segments

   3,198.3      3,404.8   

Corporate and other

   222.5      262.6   
  

 

 

     

 

 

  

Total assets

 $ 3,420.8    $ 3,667.4   
  

 

 

     

 

 

  

Properties, plants and equipment, net:

United States

 $ 711.5    $ 716.5   

Europe, Middle East and Africa

   337.6      387.5   

Asia Pacific and other Americas

   184.2      189.0   
  

 

 

     

 

 

  

Total properties, plants and equipment, net

 $ 1,233.3    $ 1,293.0