Segments

6 Months Ended

Jun. 30, 2011

Segments [Abstract]

Segments

(4) Segments

     The following table shows net sales, depreciation and amortization and operating profit by our segment reporting structure.

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2011		2010			2011		2010
Net sales
Food Packaging	$	501.9	$	459.4		$	976.8	$	906.6
Food Solutions		261.9		228.2			490.7		447.3
Protective Packaging		353.5		320.9			688.6		627.4
Other		95.3		81.2			185.0		169.6
Total	$	1,212.6	$	1,089.7		$	2,341.1	$	2,150.9
Depreciation and amortization
Food Packaging	$	16.9	$	17.1		$	33.2	$	36.0
Food Solutions		8.2		7.3			15.7		15.2
Protective Packaging		6.4		7.6			13.4		15.4
Other		5.4		5.0			10.6		10.0
Total	$	36.9	$	37.0		$	72.9	$	76.6
Operating profit
Food Packaging	$	62.3	$	57.5		$	124.9	$	114.0
Food Solutions		25.2		23.1			44.6		44.0
Protective Packaging		46.3		45.3			86.3		84.8
Other		1.9		3.0			2.9		10.6
Total segments and other		135.7		128.9			258.7		253.4
Costs related to the proposed acquisition of Diversey		6.6		—			6.6		—
Restructuring and other (credits) charges		—		(0.3	)		—		0.3
Total	$	129.1	$	129.2		$	252.1	$	253.1

Assets by Reportable Segments

     The following table shows assets allocated by our segment reporting structure. Only assets which are identifiable by segment and reviewed by our chief operating decision maker by segment are allocated to the reportable segment assets, which are trade receivables, net, and finished goods inventories, net. All other assets are included in “Assets not allocated.”

	June 30,		December 31,
	2011		2010
Assets:
Trade receivables, net, and finished goods inventory, net
Food Packaging	$	436.1	$	409.8
Food Solutions		221.5		204.7
Protective Packaging		329.6		297.9
Other		67.5		54.9
Total segments and other		1,054.7		967.3
Assets not allocated
Cash and cash equivalents		705.0		675.6
Property and equipment, net		957.0		948.3
Goodwill		1,954.2		1,945.9
Other		916.4		862.3
Total	$	5,587.3	$	5,399.4

Allocation of Goodwill to Reportable Segments

     Our management views goodwill as a corporate asset, so we do not allocate our goodwill balance to the reportable segments. However, we are required to allocate goodwill to each reporting unit to perform our annual impairment review of goodwill, which we do during the fourth quarter of the year. See Note 8, “Goodwill and Identifiable Intangible Assets,” for the allocation of goodwill and the changes in goodwill balances in the six months ended June 30, 2011 by our reporting unit structure.