Segments

To accelerate productivity improvements and elimination of operational redundancies, the Company implemented a change in allocation of Corporate expenses. These expenses are now allocated to Food Care and Product Care segments. For comparison purposes, the Company presented 2017 results to reflect the revised allocation of these costs. This segment reporting change has no impact on total Company operating results.

The Company’s segment reporting structure consists of two reportable segments and a Corporate category as follows:


•	Food Care; and


•	Product Care.

The Company’s Food Care and Product Care segments are considered reportable segments under FASB ASC Topic 280. Our reportable segments are aligned with similar groups of products and management team. Corporate includes certain costs are not allocated to or monitored by the reportable segments' management.

We allocate and disclose depreciation and amortization expense to our segments, although property and equipment, net is not allocated to the segment assets, nor is depreciation and amortization included in the segment performance metric Adjusted EBITDA. The accounting policies of the reportable segments and Corporate are the same as those applied to the Condensed Consolidated Financial Statements. Refer to 'Non-U.S. GAAP Information' for additional details on the use and calculation of our Non-U.S. GAAP measures presented below.

The following tables show Net Sales and Adjusted EBITDA by reportable segment:



	Three Months Ended March 31,
(In millions)	2018			2017
Net Sales:
Food Care	$	696.3		$	655.6
As a % of Total Company net sales	61.6		%	63.5		%
Product Care	434.7			376.6
As a % of Total Company net sales	38.4		%	36.5		%
Total Company Net Sales	$	1,131.0		$	1,032.2

	Three Months Ended March 31,
(In millions)	2018			2017
Adjusted EBITDA from continuing operations
Food Care	$	134.7		$	122.0
Adjusted EBITDA Margin	19.3		%	18.6		%
Product Care	78.4			63.3
Adjusted EBITDA Margin	18.0		%	16.8		%
Corporate	(8.3)			(3.4)
Non-U.S. GAAP Total Company Adjusted EBITDA from continuing operations	$	204.8		$	181.9
Adjusted EBITDA Margin	18.1		%	17.6		%

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



	Three Months Ended March 31,
(In millions)	2018			2017
Net loss from continuing operations	$	(208.0	)	$	(53.7	)
Interest expense, net	(42.0		)	(46.6		)
Income tax provision	321.5			136.4
Depreciation and amortization⁽²⁾	(40.4		)	(37.2		)
Depreciation and amortization adjustments	0.2			—
Special Items:
Restructuring and other charges⁽³⁾	(8.6		)	(1.9		)
Other restructuring associated costs	(2.2		)	(3.9		)
(Loss) gain on acquisition and divestiture activity	(4.0		)	2.3
Charges incurred due to the sale of Diversey	(6.8		)	(16.1		)
Gain from class-action litigation settlement	12.7			—
Other Special Items⁽¹⁾	(0.2		)	4.2
Pre-tax impact of Special Items	(9.1		)	(15.4		)
Non-U.S. GAAP Total Company Adjusted EBITDA from continuing operations	$	204.8		$	181.9


⁽¹⁾	Other Special Items for the three months ended March 31, 2017 primarily included a recovered wage tax as the result of a court ruling partially offset by legal fees associated with restructuring and acquisitions.


⁽²⁾	Depreciation and amortization by segment is as follows:



	Three Months Ended March 31,
(In millions)	2018		2017
Food Care	$	26.9	$	24.7
Product Care	13.5		12.5
Total Company depreciation and amortization⁽ⁱ⁾	$	40.4	$	37.2


⁽ⁱ⁾	Includes share-based incentive compensation of $7.6 million and $8.0 million for the three months ended March 31, 2018 and 2017, respectively.


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



	Three Months Ended March 31,
(In millions)	2018		2017
Food Care	$	4.6	$	1.2
Product Care	4.0		0.7
Total Company restructuring and other charges	$	8.6	$	1.9

Assets by Reportable Segments

The following table shows assets allocated by reportable segment. Assets allocated by reportable segment include: trade receivables, net, inventory, net, property and equipment, net, goodwill, net, intangible assets, net and leased systems, net.



(In millions)	March 31, 2018		December 31, 2017
Assets allocated to segments:
Food Care	$	1,587.2	$	1,545.5
Product Care	2,568.3		2,620.2
Total segments	4,155.5		4,165.7
Assets not allocated:
Cash and cash equivalents	$	326.9	$	594.0
Assets held for sale	1.7		4.0
Income tax receivables	13.4		85.1
Other receivables	99.3		90.2
Deferred taxes	127.0		176.2
Other	317.3		165.1
Total	$	5,041.1	$	5,280.3