Segments of Business (Tables)

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

Summary of the entity's business activities reported by business segments

A summary of the Company’s business activities reported by its two business segments follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
Business Segments (in millions)	2012			2011			2012			2011
Net sales to unaffiliated customers:
Flexible Packaging	$	1,153.2		$	1,216.8		$	3,485.4		$	3,616.4
Pressure Sensitive Materials	135.7			142.0			423.4			439.0
Intersegment sales:
Flexible Packaging	(0.8		)	(0.7		)	(2.7		)	(2.2		)
Pressure Sensitive Materials	(0.3		)	(0.2		)	(0.8		)	(0.7		)
Total net sales	$	1,287.8		$	1,357.9		$	3,905.3		$	4,052.5
Operating profit and pretax profit:
Flexible Packaging operating profit	$	131.7		$	117.4		$	363.8		$	350.0
Flexible Packaging facility consolidation and other costs	(21.4		)	—			(49.3		)	—
Net Flexible Packaging operating profit	110.3			117.4			314.5			350.0
Pressure Sensitive Materials operating profit	7.7			8.0			28.3			29.6
General corporate expenses	(28.1		)	(21.2		)	(81.6		)	(66.9		)
Operating income	89.9			104.2			261.2			312.7
Interest expense	17.0			18.4			54.8			54.8
Other non-operating (income) expense, net	(1.3		)	(1.4		)	(2.2		)	—
Income before income taxes	$	74.2		$	87.2		$	208.6		$	257.9

Business Segments (in millions)	September 30, 2012		December 31, 2011
Total assets:
Flexible Packaging	$	3,632.2	$	3,687.6
Pressure Sensitive Materials	313.8		302.1
Total identifiable assets (1)	3,946.0		3,989.7
Corporate assets (2)	330.9		330.7
Total	$	4,276.9	$	4,320.4

(1)    Total assets by business segment include only those assets that are specifically identified with each segment’s operations.

(2)  Corporate assets are principally cash and cash equivalents, prepaid expenses, prepaid income taxes, prepaid pension benefit costs, and corporate tangible and intangible property.