Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Reportable Business Segment Information

Information for each of the past three years for our business segments is as follows:

	Metal Containers		Closures		Plastic Containers		Corporate			Total
	(Dollars in thousands)
2017
Net sales	$	2,278,054	$	1,246,669	$	565,131	$	—		$	4,089,854
Depreciation and amortization	77,698		61,668		34,607		89			174,062
Rationalization charges	3,308		1,042		1,476		—			5,826
Segment income from operations(1)	230,199		142,048		27,770		(43,027		)	356,990
Segment assets	1,670,426		2,182,529		704,432		34,081			4,591,468
Capital expenditures	87,115		56,682		30,141		491			174,429
2016
Net sales	$	2,271,933	$	797,074	$	543,907	$	—		$	3,612,914
Depreciation and amortization	72,810		38,146		31,993		109			143,058
Rationalization charges	12,056		568		6,437		—			19,061
Segment income from operations(1)	214,696		99,806		5,231		(20,003		)	299,730
Segment assets	1,551,729		808,771		707,578		32,891			3,100,969
Capital expenditures	108,606		43,120		40,152		15			191,893
2015
Net sales	$	2,365,268	$	804,988	$	593,715	$	—		$	3,763,971
Depreciation and amortization	70,685		37,720		33,665		122			142,192
Rationalization charges	41		1,684		12,682		—			14,407
Segment income from operations	236,421		91,823		7,768		(16,200		)	319,812
Segment assets	1,542,120		834,114		735,182		33,209			3,144,625
Capital expenditures	146,972		41,796		48,510		24			237,302

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(1) Corporate includes costs attributed to announced acquisitions of $24.7 million and $1.4 million in 2017 and 2016, respectively.

Reconciliation of Income Before Income Taxes from Segment Income from Operations

Total segment income from operations is reconciled to income before income taxes as follows:

	2017		2016		2015
	(Dollars in thousands)
Total segment income from operations	$	356,990	$	299,730	$	319,812
Interest and other debt expense	117,309		67,813		66,926
Income before income taxes	$	239,681	$	231,917	$	252,886

Reconciliation of Total Segment Assets to Total Assets

Total segment assets at December 31 are reconciled to total assets as follows:

	2017		2016
	(Dollars in thousands)
Total segment assets	$	4,591,468	$	3,100,969
Other assets	53,981		48,421
Total assets	$	4,645,449	$	3,149,390

Financial Information Relating to Operations by Geographic Area

Financial information relating to our operations by geographic area is as follows:

	2017		2016		2015
	(Dollars in thousands)
Net sales:
United States	$	3,110,595	$	2,905,157	$	3,014,068
Foreign:
Europe	747,043		551,071		576,688
Other	232,216		156,686		173,215
Total net sales from foreign operations	979,259		707,757		749,903
Total net sales	$	4,089,854	$	3,612,914	$	3,763,971
Long-lived assets:
United States	$	942,171	$	853,508
Foreign:
Europe	422,709		252,246
Other	124,992		51,198
Total long-lived assets at foreign operations	547,701		303,444
Total long-lived assets	$	1,489,872	$	1,156,952