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Segment Information
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information

Our business operations are organized into two reportable segments, which are aligned with the underlying markets and customers they serve. Our reportable segments are the Pharmaceutical Packaging Systems segment (“Packaging Systems”) and Delivery Systems. Packaging Systems develops, manufactures and sells primary packaging components and systems for injectable drug delivery, including stoppers and seals for vials, closures and other components used in syringe, intravenous and blood collection systems, and prefillable syringe components. Delivery Systems develops, manufactures and sells safety and administration systems, multi-component systems for drug administration, and a variety of custom contract-manufacturing solutions targeted to the healthcare and consumer-products industries. In addition, Delivery Systems is responsible for the continued development and commercialization of our line of proprietary, multi-component systems for injectable drug administration and other healthcare applications.

Segment operating profit excludes general corporate costs, which include executive and director compensation, stock-based compensation, adjustments to annual incentive plan expense for over- or under-attainment of targets, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments.

The following table presents information about our reportable segments, reconciled to consolidated totals:

 
Three Months Ended
March 31,
($ in millions)
2015
 
2014
Net sales:
 
 
 
Packaging Systems
$
242.5

 
$
252.9

Delivery Systems
93.5

 
94.0

Intersegment sales elimination
(0.1
)
 
(0.1
)
Total net sales
$
335.9

 
$
346.8

Operating profit (loss):
 
 
 
Packaging Systems
$
60.9

 
$
51.4

Delivery Systems
(0.5
)
 
(0.2
)
Corporate
(12.6
)
 
(11.9
)
Total operating profit
$
47.8

 
$
39.3

Interest expense
4.1

 
4.0

Interest income
0.4

 
0.4

Income before income taxes
$
44.1

 
$
35.7



The intersegment sales elimination, which is required for the presentation of consolidated net sales, represents the elimination of components sold between our segments.