Segment Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company's two operating product line segments are also the Company's reportable segments: Advanced Materials and Structures and Engineered Papers. The AMS segment primarily produces engineered resin-based rolled goods such as nets, films, and other non-wovens for use in high-performance applications in the healthcare, construction, industrial, transportation and filtration industrial end-markets. The EP segment primarily produces cigarette papers including LIP papers, plug wrap papers and base tipping papers used to wrap various parts of a cigarette for sale to cigarette manufacturers and reconstituted tobacco leaf, or RTL, and wrapper and binder products for sale to cigarette and cigar manufacturers. The EP segment also includes commercial and industrial products such as lightweight printing and writing papers, battery separator paper, drinking straw wrap, filter paper and other specialized papers.

Information about Net Sales and Operating Profit

The Company primarily evaluates segment performance and allocates resources based on operating profit. Expense amounts not associated with segments are referred to as unallocated expenses.

($ in millions)	Net Sales
	For the Years Ended December 31,
	2021				2020				2019
Advanced Materials & Structures	$	930.7	64.6	%	$	543.5	50.6	%	$	477.2	46.7	%
Engineered Papers	509.3		35.4		530.9		49.4		545.6		53.3
Consolidated	$	1,440.0	100.0	%	$	1,074.4	100.0	%	$	1,022.8	100.0	%

($ in millions)	Operating Profit
	For the Years Ended December 31,
	2021				2020				2019
Advanced Materials & Structures	$	61.6	73.9	%	$	64.8	50.3	%	$	64.3	48.0	%
Engineered Papers	100.5		120.6		116.8		90.7		119.2		89.0
Unallocated	(78.8)		(94.6)		(52.8)		(41.0)		(49.5)		(37.0)
Consolidated	$	83.3	99.9	%	$	128.8	100.0	%	$	134.0	100.0	%

($ in millions)	Capital Spending						Depreciation
	2021		2020		2019		2021		2020		2019
Advanced Materials & Structures	$	19.5	$	14.5	$	16.1	$	25.9	$	14.5	$	12.8
Engineered Papers	16.4		15.5		12.0		21.7		27.5		22.8
Unallocated	—		0.1		0.5		0.2		0.2		0.2
Consolidated	$	35.9	$	30.1	$	28.6	$	47.8	$	42.2	$	35.8

Assets are managed on a total company basis and are therefore not disclosed at the segment level.

Information about Geographic Areas

Long-lived assets by geographic area as of year-end were as follows ($ in millions):

	Long-Lived Assets
	2021		2020		2019
U.S.	$	173.9	$	122.1	$	118.5
France	169.1		169.3		158.8
U.K.	65.4		10.3		9.9
Brazil	15.3		15.2		19.5
Poland	10.4		12.9		14.7
Other foreign countries	43.7		22.1		20.8
Consolidated	$	477.8	$	351.9	$	342.2