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Segments of Business (Tables)
 6 Months Ended
Jun. 30, 2017
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 June 30,
 
Six Months Ended June 30,
Business Segments (in millions)
 
2017
 
2016
 
2017
 
2016
Sales including intersegment sales:
 
 
 
 

 
 
 
 
U.S. Packaging
 
$
672.7

 
$
678.0

 
$
1,327.6

 
$
1,344.7

Global Packaging
 
355.6

 
355.4

 
706.1

 
668.9

 
 
 
 
 
 
 
 
 
Intersegment sales:
 
 
 
 
 
 
 
 
U.S. Packaging
 
(11.2
)
 
(7.0
)
 
(17.2
)
 
(13.2
)
Global Packaging
 
(5.0
)
 
(5.1
)
 
(9.0
)
 
(11.2
)
Total net sales
 
$
1,012.1

 
$
1,021.3

 
$
2,007.5

 
$
1,989.2

 
 
 
 
 
 
 
 
 
Segment operating profit
 
 
 
 
 
 
 
 
U.S. Packaging
 
$
80.1

 
$
103.5

 
$
163.6

 
$
205.2

Global Packaging
 
17.7

 
28.1

 
44.9

 
44.4

 
 
 
 
 
 
 
 
 
Restructuring and acquisition-related costs
 
23.8

 
19.6

 
28.2

 
20.4

General corporate expenses
 
17.5

 
23.0

 
34.4

 
40.8

 
 
 
 
 
 
 
 
 
Operating income
 
56.5

 
89.0

 
145.9

 
188.4

 
 
 
 
 
 
 
 
 
Interest expense
 
16.0

 
14.0

 
32.0

 
29.4

Other non-operating (income) expense
 
(0.6
)
 
(0.6
)
 
(1.5
)
 
(0.5
)
 
 
 
 
 
 
 
 
 
Income before income taxes
 
$
41.1

 
$
75.6

 
$
115.4

 
$
159.5