Segments of Business (Tables)

12 Months Ended

Dec. 31, 2018

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:

Business Segments (in millions)	2018			2017			2016
Sales including intersegment sales:
U.S. Packaging	$	2,739.1		$	2,666.0		$	2,646.8
Latin America Packaging	631.8			715.2			707.0
Rest of World Packaging	773.9			721.4			696.4
Intersegment sales:
U.S. Packaging	(40.6		)	(40.0		)	(25.7		)
Latin America Packaging	(3.2		)	(3.8		)	(3.9		)
Rest of World Packaging	(11.1		)	(12.6		)	(16.2		)
Total net sales	$	4,089.9		$	4,046.2		$	4,004.4
Segment operating profit
U.S. Packaging	$	360.2		$	352.5		$	400.0
Latin America Packaging	48.1			30.0			50.0
Rest of World Packaging	81.2			61.1			64.0
Restructuring and other costs	61.9			60.4			28.6
Goodwill impairment charge	—			196.6			—
General corporate expenses	68.6			64.6			74.1
Operating income	359.0			122.0			411.3
Interest expense	76.1			65.8			60.2
Other non-operating (income) loss	(2.8		)	3.5			0.2
Income before income taxes	$	285.7		$	52.7		$	350.9

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

Business Segments (in millions)	2018		2017		2016
Total assets (1):
U.S. Packaging	$	2,082.5	$	2,072.0	$	2,007.7
Latin America Packaging	551.9		648.1		779.2
Rest of World Packaging	742.3		784.5		706.1
Corporate assets (2)	194.3		195.3		222.7
Total	$	3,571.0	$	3,699.9	$	3,715.7
Restructuring and other costs (3)(4):
U.S. Packaging	$	11.5	$	13.3	$	—
Latin America Packaging	9.5		28.8		18.9
Rest of World Packaging	1.9		2.7		7.7
Corporate	39.0		15.6		2.0
Total	$	61.9	$	60.4	$	28.6
Depreciation and amortization:
U.S. Packaging	$	96.6	$	97.9	$	93.7
Latin America Packaging	22.6		26.7		26.2
Rest of World Packaging	32.8		30.2		27.9
Corporate	15.6		15.0		14.3
Total	$	167.6	$	169.8	$	162.1
Additions to property and equipment:
U.S. Packaging	$	75.5	$	101.9	$	131.2
Latin America Packaging	32.3		45.2		32.9
Rest of World Packaging	27.2		35.0		36.8
Corporate	8.5		6.4		7.4
Total	$	143.5	$	188.5	$	208.3

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

Operations by geographic area (in millions)	2018		2017		2016
Long-lived assets (5):
United States	$	917.5	$	957.4	$	949.2
Brazil	191.6		223.6		212.9
Other Americas	48.4		51.9		44.1
Europe	90.7		93.3		75.1
Asia-Pacific	84.6		90.1		81.3
Total	$	1,332.8	$	1,416.3	$	1,362.6

(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) Prior year information has been recast to reflect the adoption of pension accounting changes during the first quarter of 2018 and conform to current year presentation.

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