Segments

12 Months Ended

Dec. 31, 2011

Segments [Abstract]

Segments

Note 4    Segments

The following tables show net sales, depreciation and amortization and operating profit by our segment reporting structure:

	2011			2010		2009
Net sales
Food Packaging	$	2,053.2		$	1,923.6	$	1,839.8
Food Solutions		1,015.4			934.9		891.7
Protective Packaging		1,409.5			1,299.4		1,192.9
Diversey		795.9			—		—
Other		366.9			332.2		318.4
Total	$	5,640.9		$	4,490.1	$	4,242.8
Depreciation and amortization on property, plant and equipment and intangible assets acquired
Food Packaging	$	66.5		$	70.8	$	69.2
Food Solutions		31.8			29.9		31.4
Protective Packaging		25.6			33.6		34.1
Diversey		44.8			—		—
Other		20.8			20.4		19.8
Total	$	189.5		$	154.7	$	154.5
Operating profit (loss)
Food Packaging	$	276.5		$	262.7	$	251.7
Food Solutions		101.5			99.2		85.7
Protective Packaging		183.8			169.5		150.0
Diversey		(2.9	)		—		—
Other		6.1			11.2		11.9
Total segments and other		565.0			542.6		499.3
Costs related to the acquisition of Diversey		64.8			—		—
Restructuring and other charges(1)		52.8			7.6		7.0
Total	$	447.4		$	535.0	$	492.3

(1) Restructuring and other charges by our segment reporting structure were as follows:

	2011			2010		2009
Food Packaging	$	—		$	3.7	$	6.0
Food Solutions		—			—		1.0
Protective Packaging		(0.4	)		3.8		(0.1	)
Diversey		53.2			—		—
Other		—			0.1		0.1
Total	$	52.8		$	7.6	$	7.0

SEALED AIR CORPORATION AND SUBSIDIARIES

Notes to Consolidated Financial Statements — (Continued)

The restructuring and other charges in 2011 primarily relate to the 2011-2014 Integration and Optimization Program. The restructuring and other charges in 2010 primarily relate to our global manufacturing strategy and our closure of a small factory in Europe. The restructuring and other charges in 2009 primarily relate to our global manufacturing strategy. See Note 9, “Restructuring Activities,” for further discussion.

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."

	December 31,		December 31,
	2011		2010
Assets:
Trade receivables, net, and finished goods inventory, net
Food Packaging	$	420.4	$	409.8
Food Solutions		210.1		204.7
Protective Packaging		307.8		297.9
Diversey		842.4		—
Other		64.5		54.9
Total segments and other		1,845.2		967.3
Assets not allocated
Cash and cash equivalents		722.8		675.6
Property and equipment, net		1,322.1		948.3
Goodwill		4,220.5		1,945.9
Intangibles, net		2,103.2		78.0
Other		1,282.9		784.3
Total	$	11,496.7	$	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 7, “Goodwill and Identifiable Intangible Assets,” for the allocation of goodwill, the changes in goodwill balances in the year ended December 31, 2011 by our segment reporting structure, and the details of our annual goodwill impairment review.

SEALED AIR CORPORATION AND SUBSIDIARIES

Notes to Consolidated Financial Statements — (Continued)

Geographic Information

	2011		2010		2009
Net sales(1):
United States	$	2,305.2	$	2,081.6	$	1,969.1
Canada		172.6		145.0		133.2
EMEA		1,676.6		1,207.8		1,194.5
Latin America		545.7		434.3		386.4
Asia Pacific		940.8		621.4		559.6
Total	$	5,640.9	$	4,490.1	$	4,242.8
Total long-lived assets(1)(2):
United States	$	4,558.0	$	2,375.3
Canada		48.0		14.5
EMEA		1,993.5		467.8
Latin America		387.9		116.2
Asia Pacific		1,117.4		206.0
Total	$	8,104.8	$	3,179.8

(1) Net sales attributed to the geographic areas represent net sales to external customers. No non-U.S. country had net sales in excess of 10% of consolidated net sales or long-lived assets in excess of 10% of consolidated long-lived assets at December 31, 2011.

(2) Total long-lived assets are total assets excluding total current assets and deferred tax assets.

New Segment Structure

On November 3, 2011, we announced the expected establishment of new business units for our segment reporting structure. The new segment reporting structure will consist of three global business units. This new structure is expected to be implemented in 2012 and will replace our existing seven business unit structure and Diversey’s legacy four region-based structure.

The new segment reporting structure will include the following:

Food & Beverage — This new segment combines our legacy Food Packaging and Food Solutions businesses with Diversey’s food & beverage applications.

Institutional & Laundry — This segment will consist of Diversey’s building care, laundry and infection control solutions for building service contractors/facility management, retail, food service, hospitality and health care sectors.

Protective Packaging — This segment will combine our legacy Protective Packaging, Shrink Packaging and Specialty Materials businesses to provide customers with a broad portfolio of protective packaging systems across a range of applications and industries.

There will also be an “Other” category, which will include our legacy Medical Applications business and New Ventures.

Until the new organization is implemented, we will continue to report our segment results using the following segment structure: Food Packaging, Food Solutions, Protective Packaging, Diversey, and an Other category. Additionally, there will be no immediate changes in how we manage our business with our customers, including the products, solutions and services we provide, however, our businesses will pursue revenue synergy opportunities where available.