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Business Segment Information
6 Months Ended
Apr. 30, 2018
Segment Reporting [Abstract]  
Business Segment Information
BUSINESS SEGMENT INFORMATION
The Company has eight operating segments, which are aggregated into four reportable business segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management.
The Company’s reportable business segments offer different products and services. The accounting policies of the reportable business segments are substantially the same as those described in the “Basis of Presentation and Summary of Significant Accounting Policies” note in the 2017 Form 10-K. The measure of segment profitability that is used by the Company is operating profit.
The following segment information is presented for the periods indicated:
 
Three Months Ended
April 30,
 
Six Months Ended
April 30,
(in millions)
2018
 
2017
 
2018
 
2017
Net sales:
 
 
 
 
 
 
 
Rigid Industrial Packaging & Services
$
662.7

 
$
624.3

 
$
1,278.1

 
$
1,185.8

Paper Packaging & Services
213.9

 
188.7

 
417.7

 
371.6

Flexible Products & Services
84.1

 
66.6

 
164.1

 
136.3

Land Management
7.6

 
7.8

 
14.1

 
14.6

Total net sales
$
968.3

 
$
887.4

 
$
1,874.0

 
$
1,708.3

 
 
 
 
 
 
 
 
Operating profit:
 
 
 
 
 
 
 
Rigid Industrial Packaging & Services
$
47.2

 
$
56.1

 
$
78.4

 
$
98.9

Paper Packaging & Services
33.0

 
20.3

 
60.9

 
40.3

Flexible Products & Services
5.0

 
1.8

 
8.2

 
2.4

Land Management
2.5

 
3.3

 
5.7

 
5.5

Total operating profit
$
87.7

 
$
81.5

 
$
153.2

 
$
147.1

 
 
 
 
 
 
 
 
Depreciation, depletion and amortization expense:
 
 
 
 
 
 
 
Rigid Industrial Packaging & Services
$
21.1

 
$
20.5

 
$
41.7

 
$
39.9

Paper Packaging & Services
8.4

 
7.6

 
16.7

 
15.9

Flexible Products & Services
1.8

 
1.5

 
3.6

 
3.4

Land Management
1.1

 
1.4

 
2.1

 
2.5

Total depreciation, depletion and amortization expense
$
32.4

 
$
31.0

 
$
64.1

 
$
61.7


The following table presents net sales to external customers by geographic area:
 
Three Months Ended
April 30,
 
Six Months Ended
April 30,
(in millions)
2018
 
2017
 
2018
 
2017
Net sales:
 
 
 
 
 
 
 
United States
$
463.5

 
$
434.5

 
$
896.2

 
$
842.5

Europe, Middle East and Africa
370.7

 
325.5

 
702.0

 
611.4

Asia Pacific and other Americas
134.1

 
127.4

 
275.8

 
254.4

Total net sales
$
968.3

 
$
887.4

 
$
1,874.0

 
$
1,708.3


The following table presents total assets by segment and total properties, plants and equipment, net by geographic area:
(in millions)
April 30,
2018
 
October 31,
2017
Assets:
 
 
 
Rigid Industrial Packaging & Services
$
2,083.0

 
$
1,976.7

Paper Packaging & Services
478.2

 
459.8

Flexible Products & Services
174.2

 
163.2

Land Management
346.6

 
345.4

Total segments
3,082.0

 
2,945.1

Corporate and other
264.8

 
287.2

Total assets
$
3,346.8

 
$
3,232.3

 
 
 
 
Properties, plants and equipment, net:
 
 
 
United States
$
736.6

 
$
730.1

Europe, Middle East and Africa
321.5

 
322.0

Asia Pacific and other Americas
131.8

 
136.3

Total properties, plants and equipment, net
$
1,189.9

 
$
1,188.4