Segments of Business (Tables)

12 Months Ended

Dec. 31, 2016

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)	2016			2015			2014
Sales including intersegment sales:
U.S. Packaging	$	2,646.8		$	2,772.8		$	2,889.5
Global Packaging	1,403.4			1,345.6			1,507.6
Intersegment sales:
U.S. Packaging	(25.7		)	(25.3		)	(28.8		)
Global Packaging	(20.1		)	(21.7		)	(24.8		)
Total net sales	$	4,004.4		$	4,071.4		$	4,343.5
Segment operating profit
U.S. Packaging	$	400.0		$	391.8		$	375.8
Global Packaging	114.0			116.5			113.3
Restructuring and acquisition-related costs	28.6			12.1			—
General corporate expenses	76.1			86.6			81.4
Operating income	409.3			409.6			407.7
Interest expense	60.2			51.7			60.8
Other non-operating income	(1.8		)	(6.0		)	(16.8		)
Income from continuing operations before income taxes	$	350.9		$	363.9		$	363.7

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

Business Segments (in millions)	2016		2015		2014
Total assets (1):
U.S. Packaging	$	2,007.7	$	1,982.5	$	1,977.9
Global Packaging	1,485.3		1,291.5		1,345.3
Corporate assets (2)	222.7		215.8		287.6
Total	$	3,715.7	$	3,489.8	$	3,610.8
Restructuring and acquisition-related costs (3):
Global Packaging	$	26.6	$	9.4	$	—
Corporate	2.0		2.7		—
Total	$	28.6	$	12.1	$	—
Depreciation and amortization:
U.S. Packaging	$	93.7	$	97.8	$	96.3
Global Packaging	54.1		47.7		62.1
Corporate	14.3		12.6		11.7
Total continuing operations	162.1		158.1		170.1
Discontinued operations	—		—		10.5
Total	$	162.1	$	158.1	$	180.6
Additions to property and equipment:
U.S. Packaging	$	131.2	$	127.5	$	105.5
Global Packaging	69.7		79.4		51.0
Corporate	7.4		12.5		23.8
Total continuing operations	208.3		219.4		180.3
Discontinued operations	—		—		4.9
Total	$	208.3	$	219.4	$	185.2

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Operations by geographic area (in millions)	2016		2015		2014
Net sales (4):
United States	$	2,820.3	$	2,937.8	$	3,040.8
Brazil	483.5		442.5		581.5
Other Americas	244.6		273.5		273.2
Europe	263.5		233.9		258.8
Asia-Pacific	192.5		183.7		189.2
Total	$	4,004.4	$	4,071.4	$	4,343.5
Long-lived assets (5):
United States	$	949.2	$	897.4	$	831.8
Brazil	212.9		173.1		159.0
Other Americas	44.1		53.1		55.7
Europe	75.1		68.6		68.1
Asia-Pacific	81.3		75.6		72.4
Total	$	1,362.6	$	1,267.8	$	1,187.0

(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. The Company treats all cash and cash equivalents, including the net cash position in the cash pooling arrangement, as Corporate assets.

(3) These amounts are excluded from segment operating profit and general corporate expenses.

(4) Net sales are attributed to geographic areas based on location of the Company’s manufacturing or selling operation.

(5) Long-lived assets include net property and equipment, long-term receivables, deferred charges, and investment in affiliates.