Segments (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Net Sales and Adjusted EBITDA of Reportable Segments

The following tables show net sales and Adjusted EBITDA by our segment reporting structure:

	Three Months Ended March 31,
	2014			2013
Net Sales:
Food Care	$	904.3		$	903.1
As a % of Total Company net sales		49.5	%		49.4	%
Diversey Care		505.1			512.9
As a % of Total Company net sales		27.6	%		28.0	%
Product Care		393.8			387.2
As a % of Total Company net sales		21.5	%		21.2	%
Total Reportable Segments Net Sales		1,803.2			1,803.2
Other		24.5			25.7
Total Company Net Sales	$	1,827.7		$	1,828.9
Adjusted EBITDA:
Food Care	$	159.5		$	145.7
Adjusted EBITDA Margin		17.6	%		16.1	%
Diversey Care		44.5			42.6
Adjusted EBITDA Margin		8.8	%		8.3	%
Product Care		70.1			62.6
Adjusted EBITDA Margin		17.8	%		16.2	%
Total Reportable Segments Adjusted EBITDA		274.1			250.9
Other		(22.0	)		(19.5	)
Non-U.S. GAAP Total Company Adjusted EBITDA	$	252.1		$	231.4
Adjusted EBITDA Margin		13.8	%		12.7	%

Reconciliation of Non-U.S.GAAP Adjusted EBITDA to U.S.GAAP Net Earnings

The following table shows a reconciliation of Non-U.S. GAAP Total Company Adjusted EBITDA to U.S. GAAP net earnings from continuing operations:

	Three Months Ended March 31,
	2014			2013
Non-U.S. GAAP Total Company Adjusted EBITDA	$	252.1		$	231.4
Depreciation and amortization (1)		(82.8	)		(79.5	)
Special items(2):
Restructuring and other charges(3)		(6.1	)		0.2
Other restructuring associated costs included in cost of sales and selling general and administrative expenses		(4.6	)		(5.9	)
SARs		(0.5	)		(18.0	)
Costs related to the acquisition and integration of Diversey		(0.9	)		(0.4	)
Foreign currency exchange losses related to Venezuelan subsidiaries		(15.0	)		(13.1	)
Loss on debt redemption		(0.4	)		(32.3	)
Gain from Claims Settlement in 2014, Settlement agreement related costs in 2013		21.1			(0.1	)
Other expense, net		(1.9	)		—
Interest expense		(78.5	)		(90.8	)
Income tax provision (benefit)		10.7			(9.2	)
U.S. GAAP net earnings from continuing operations	$	71.8		$	0.7

⁽¹⁾  Depreciation and amortization by segment is as follows:

	Three Months Ended March 31,
	2014		2013
Food Care	$	32.0	$	30.2
Diversey Care		32.3		34.7
Product Care		10.6		9.7
Total reportable segments		74.9		74.6
Other		7.9		4.9
Total Company depreciation and amortization	$	82.8	$	79.5

⁽²⁾  Includes items were consider unusual or special items. See “Non-U.S. GAAP information” above for further information.

⁽³⁾ Restructuring and other charges by segment is as follows:

	Three Months Ended March 31,
	2014		2013
Food Care	$	4.1	$	(1.4	)
Diversey Care		0.4		(0.8	)
Product Care		1.5		2.0
Total reportable segments		6.0		(0.2	)
Other		0.1		—
Total Company restructuring and other charges	$	6.1	$	(0.2	)