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Segments of Business (Tables)
12 Months Ended
Dec. 31, 2014
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:
Business Segments (in millions)
 
2014
 
2013
 
2012
Sales including intersegment sales:
 
 
 
 

 
 

U.S. Packaging
 
$
2,889.5

 
$
3,013.1

 
$
3,062.6

Global Packaging
 
1,507.6

 
1,518.8

 
1,561.3

 
 
 
 
 
 
 
Intersegment sales:
 
 
 
 
 
 
U.S. Packaging
 
(28.8
)
 
(28.5
)
 
(22.5
)
Global Packaging
 
(24.8
)
 
(26.8
)
 
(17.8
)
Total net sales
 
$
4,343.5

 
$
4,476.6

 
$
4,583.6

 
 
 
 
 
 
 
U.S. Packaging
 
 
 
 

 
 

Operating profit before facility consolidation and other costs (a)
 
$
375.8

 
$
382.9

 
$
408.8

Facility consolidation and other costs
 

 
(45.0
)
 
(42.1
)
Operating profit
 
375.8

 
337.9

 
366.7

 
 
 
 
 
 
 
Global Packaging
 
 
 
 
 
 
Operating profit before facility consolidation and other costs (a)
 
113.3

 
106.8

 
86.5

Facility consolidation and other costs
 

 
(0.4
)
 
(26.6
)
Operating profit
 
113.3

 
106.4

 
59.9

 
 
 
 
 
 
 
Corporate
 
 
 
 
 
 
General corporate expenses
 
(81.4
)
 
(94.1
)
 
(118.3
)
 
 
 
 
 
 
 
Operating income
 
407.7

 
350.2

 
308.3

 
 
 
 
 
 
 
Interest expense
 
60.8

 
68.2

 
70.9

Other non-operating income
 
(16.8
)
 
(7.7
)
 
(3.8
)
 
 
 
 
 
 
 
Income from continuing operations before income taxes
 
$
363.7

 
$
289.7

 
$
241.2

(a)
Fiscal 2012 operating profit before facility consolidation and other costs includes adjustments associated with the alignment of certain accounting practices. The benefit (detriment) for U.S. Packaging and Global Packaging for the twelve months ended December 31, 2012 was $13.8 million and $(16.4) million, respectively. These adjustments did not have a material impact on the Company's previously issued consolidated financial statements.
Reconciliation of Assets from Segment to Consolidated [Table Text Block]
Business Segments (in millions)
 
2014
 
2013
 
2012
Total assets(1):
 
 
 
 
 
 
U.S. Packaging
 
$
1,977.9

 
$
2,004.5

 
$
2,095.7

Global Packaging
 
1,345.3

 
1,413.3

 
1,335.0

Corporate assets (2)
 
291.9

 
380.8

 
442.7

Discontinued operations
 

 
311.6

 
312.3

Total
 
$
3,615.1

 
$
4,110.2

 
$
4,185.7

 
 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
 
U.S. Packaging
 
$
96.3

 
$
102.4

 
$
114.6

Global Packaging
 
62.1

 
63.6

 
67.3

Corporate
 
11.7

 
11.5

 
9.8

Total continuing operations
 
170.1

 
177.5

 
191.7

Discontinued operations
 
10.5

 
12.8

 
12.6

Total
 
$
180.6

 
$
190.3

 
$
204.3

 
 
 
 
 
 
 
Additions to property and equipment:
 
 
 
 
 
 
U.S. Packaging
 
$
105.5

 
$
80.8

 
$
65.1

Global Packaging
 
51.0

 
42.3

 
47.2

Corporate
 
23.8

 
9.2

 
7.4

Total continuing operations
 
180.3

 
132.3

 
119.7

Discontinued operations
 
4.9

 
7.5

 
16.7

Total
 
$
185.2

 
$
139.8

 
$
136.4

 
 
 
 
 
 
 
Operations by geographic area (in millions)
 
2014
 
2013
 
2012
Net sales: (3)
 
 

 
 

 
 

United States
 
$
3,040.8

 
$
3,143.2

 
$
3,142.3

Brazil
 
581.5

 
629.6

 
712.5

Other Americas
 
273.2

 
299.8

 
361.7

Europe
 
258.8

 
245.4

 
245.0

Asia-Pacific
 
189.2

 
158.6

 
122.1

Total
 
$
4,343.5

 
$
4,476.6

 
$
4,583.6

 
 
 
 
 
 
 
Long-lived assets: (4)
 
 

 
 

 
 

United States
 
$
836.1

 
$
906.2

 
$
938.3

Brazil
 
159.0

 
179.9

 
217.0

Other Americas
 
55.7

 
64.3

 
77.3

Europe
 
68.1

 
126.4

 
135.3

Asia-Pacific
 
72.4

 
74.3

 
54.1

Total
 
$
1,191.3

 
$
1,351.1

 
$
1,422.0

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]
Operations by geographic area (in millions)
 
2014
 
2013
 
2012
Net sales: (3)
 
 

 
 

 
 

United States
 
$
3,040.8

 
$
3,143.2

 
$
3,142.3

Brazil
 
581.5

 
629.6

 
712.5

Other Americas
 
273.2

 
299.8

 
361.7

Europe
 
258.8

 
245.4

 
245.0

Asia-Pacific
 
189.2

 
158.6

 
122.1

Total
 
$
4,343.5

 
$
4,476.6

 
$
4,583.6

 
 
 
 
 
 
 
Long-lived assets: (4)
 
 

 
 

 
 

United States
 
$
836.1

 
$
906.2

 
$
938.3

Brazil
 
159.0

 
179.9

 
217.0

Other Americas
 
55.7

 
64.3

 
77.3

Europe
 
68.1

 
126.4

 
135.3

Asia-Pacific
 
72.4

 
74.3

 
54.1

Total
 
$
1,191.3

 
$
1,351.1

 
$
1,422.0

 
(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. The Company utilizes a global cash pooling arrangement. Beginning in 2014, the Company treated all cash and cash equivalents, including the net cash position in the cash pooling arrangement, as Corporate assets. Prior periods have been recast on a consistent basis.
(3)
Net sales are attributed to geographic areas based on location of the Company’s manufacturing or selling operation.
(4)
Long-lived assets include net property and equipment, long-term receivables, deferred charges, and investment in affiliates.