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Segments of Business (Tables)
 9 Months Ended
Sep. 30, 2013
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 three business segments follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Business Segments (in millions)
 
2013
 
2012
 
2013
 
2012
Sales including intersegment sales:
 
 
 
 

 
 
 
 
U.S. Packaging
 
$
756.9

 
$
780.7

 
$
2,298.7

 
$
2,345.3

Global Packaging
 
378.0

 
382.8

 
1,134.6

 
1,167.4

Pressure Sensitive Materials
 
137.3

 
135.7

 
420.2

 
423.4

 
 
 
 
 
 
 
 
 
Intersegment sales:
 
 
 
 
 
 
 
 
U.S. Packaging
 
(6.2
)
 
(5.8
)
 
(21.1
)
 
(16.7
)
Global Packaging
 
(7.2
)
 
(5.3
)
 
(20.9
)
 
(13.3
)
Pressure Sensitive Materials
 
(0.3
)
 
(0.3
)
 
(0.9
)
 
(0.8
)
Total net sales
 
$
1,258.5

 
$
1,287.8

 
$
3,810.6

 
$
3,905.3

 
 
 
 
 
 
 
 
 
U.S. Packaging
 
 
 
 

 
 
 
 
Operating profit before facility consolidation and other costs
 
$
97.6

 
$
107.5

 
$
294.5

 
$
287.3

Facility consolidation and other costs
 
(15.8
)
 
(11.5
)
 
(46.4
)
 
(31.4
)
Operating profit
 
81.8

 
96.0

 
248.1

 
255.9

 
 
 
 
 
 
 
 
 
Global Packaging
 
 
 
 
 
 
 
 
Operating profit before facility consolidation and other costs
 
28.3

 
24.2

 
81.2

 
76.5

Facility consolidation and other costs
 
—

 
(9.9
)
 
0.4

 
(17.9
)
Operating profit
 
28.3

 
14.3

 
81.6

 
58.6

 
 
 
 
 
 
 
 
 
Pressure Sensitive Materials
 
 
 
 
 
 
 
 
Operating profit
 
7.9

 
7.7

 
21.6

 
28.3

 
 
 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
 
 
General corporate expenses
 
(22.4
)
 
(28.1
)
 
(73.3
)
 
(81.6
)
 
 
 
 
 
 
 
 
 
Operating income
 
95.6

 
89.9

 
278.0

 
261.2

 
 
 
 
 
 
 
 
 
Interest expense
 
(17.0
)
 
(17.0
)
 
(50.6
)
 
(54.8
)
Other non-operating income
 
3.3

 
1.3

 
6.4

 
2.2

 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
81.9

 
$
74.2

 
$
233.8

 
$
208.6


Business Segments (in millions)
 
September 30, 2013
 
December 31, 2012
Total assets:
 
 

 
 

U.S. Packaging
 
$
2,086.7

 
$
2,100.7

Global Packaging
 
1,409.0

 
1,425.4

Pressure Sensitive Materials
 
316.7

 
325.5

Total identifiable assets (1)
 
3,812.4

 
3,851.6

Corporate assets (2)
 
383.0

 
334.1

Total
 
$
4,195.4

 
$
4,185.7


(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.