BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2011

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)
2011
Net sales	$	2,211,549	$	687,801	$	609,877	$	—		$	3,509,227
Depreciation and amortization		79,655		33,232		44,237		1,677			158,801
Rationalization charges		1,378		1,805		3,996		538			7,717
Segment income from operations (1) (2)		256,336		75,897		12,639		9,249			354,121
Segment assets		1,714,516		632,048		561,312		36,868			2,944,744
Capital expenditures		108,394		24,637		39,904		74			173,009
2010
Net sales	$	1,864,157	$	618,805	$	588,583	$	—		$	3,071,545
Depreciation and amortization		67,114		28,771		45,385		1,679			142,949
Rationalization charges		694		9,212		12,308		—			22,214
Segment income from operations (3) (4)		232,620		58,557		10,291		(18,149	)		283,319
Segment assets		931,244		627,006		537,978		39,940			2,136,168
Capital expenditures		47,836		15,769		41,707		83			105,395
2009
Net sales	$	1,916,239	$	609,056	$	541,464	$	—		$	3,066,759
Depreciation and amortization		69,141		28,334		46,107		1,683			145,265
Rationalization charges		—		1,341		150		—			1,491
Segment income from operations		206,378		74,078		31,276		(13,134	)		298,598
Segment assets		1,042,141		584,083		527,238		41,935			2,195,397
Capital expenditures		49,668		14,841		35,071		4			99,584

⁽¹⁾  Metal containers includes a charge for the resolution of a past product liability dispute of $3.3 million.

⁽²⁾  Corporate includes income of $25.2 million for proceeds received as a result of the termination of the merger agreement with Graham Packaging, net of costs associated with certain corporate development activities.

⁽³⁾ Closures includes a charge of $3.2 million for the remeasurement of net assets in Venezuela.

⁽⁴⁾ Corporate includes costs attributable to announced acquisitions of $2.7 million.

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:

	2011		2010		2009
	(Dollars in thousands)
Total segment income from operations	$	354,121	$	283,319	$	298,598
Interest and other debt expense		63,954		61,639		50,999
Income before income taxes	$	290,167	$	221,680	$	247,599

Reconciliation of Total Segment Assets to Total Assets

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

	2011		2010
	(Dollars in thousands)
Total segment assets	$	2,944,744	$	2,136,168
Other assets		34,343		39,850
Total assets	$	2,979,087	$	2,176,018

Financial Information Relating to Operations by Geographic Area

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

	2011		2010		2009
	(Dollars in thousands)
Net sales:
United States	$	2,767,293	$	2,627,539	$	2,636,213
Foreign:
Europe		563,991		269,513		268,964
Canada		128,882		121,494		105,247
Other		49,061		52,999		56,335
Total net sales from foreign operations		741,934		444,006		430,546
Total net sales	$	3,509,227	$	3,071,545	$	3,066,759
Long-lived assets:
United States	$	689,705	$	681,862
Foreign:
Europe		301,001		103,168
Canada		42,021		48,157
Other		31,981		16,533
Total long-lived assets at foreign operations		375,003		167,858
Total long-lived assets	$	1,064,708	$	849,720