Segment Reporting

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Segment Reporting

Note 9—Segment Reporting

Our broad portfolio of products include bottled water, coffee, brewed tea, water dispensers, coffee and tea brewers, filtration equipment, CSDs, 100% shelf stable juice and juice-based products, clear, still and sparkling flavored waters, energy drinks and shots, sports products, new age beverages, ready-to-drink teas, liquid enhancers, freezables, ready-to-drink alcoholic beverages, hot chocolate, malt drinks, creamers/whiteners, cereals and beverage concentrates.

Our business operates through four reporting segments: Water & Coffee Solutions, Cott North America, Cott U.K. and All Other. We refer to our Cott North America, Cott U.K. and All Other reporting segments together as our “traditional business.” Our corporate oversight function is not treated as a segment; it includes certain general and administrative costs that are not allocated to any of the reporting segments.

	December 31, 2016
	Water &		Cott
(in millions of	Coffee		North		Cott		All
U.S. dollars)	Solutions		America		U.K.		Other		Corporate			Eliminations			Total
Revenue, net 1	$	1,452.3	$	1,287.6	$	469.8	$	50.5	$	—		$	(24.3	)		3,235.9
Depreciation and amortization		144.0		73.3		20.6		0.8		—			—			238.7
Operating income (loss)		46.5		33.9		27.8		8.5		(34.5	)		—			82.2
Property, plant & equipment, net		571.2		273.4		80.1		5.2		—			—			929.9
Goodwill		1,003.6		120.5		46.8		4.5		—			—			1,175.4
Intangible assets, net		686.3		190.9		62.5		—		—			—			939.7
Total assets 2		2,735.1		862.9		316.5		25.2		—			—			3,939.7
Additions to property, plant & equipment		96.1		30.6		12.2		0.9		—			—			139.8

^1.  Intersegment revenue between Cott North America and the other reporting segments was $24.3 million for 2016.

^2.  Excludes intersegment receivables, investments and notes receivable.

	January 2, 2016
	Water &		Cott
(in millions of	Coffee		North		Cott		All
U.S. dollars)	Solutions		America		U.K.		Other		Corporate			Eliminations			Total
Revenue, net 1	$	1,021.1	$	1,330.9	$	557.0	$	57.6	$	—		$	(22.6	)		2,944.0
Depreciation and amortization		119.9		79.6		22.7		1.6		—			—			223.8
Operating income (loss)		39.0		38.5		28.0		10.5		(16.6	)		—			99.4
Property, plant & equipment, net		372.6		293.4		97.6		6.2		—			—			769.8
Goodwill		579.1		120.0		56.0		4.5		—			—			759.6
Intangible assets, net		390.6		211.8		81.7		—		—			—			684.1
Total assets 2		1,513.1		943.1		402.5		28.6		—			—			2,887.3
Additions to property, plant & equipment		67.2		30.9		11.6		1.1		—			—			110.8

^1.  Intersegment revenue between Cott North America and the other reporting segments was $22.6 million for 2015.

^2.  Excludes intersegment receivables, investments and notes receivable.

	January 3, 2015
	Water &			Cott
(in millions of	Coffee			North		Cott		All
U.S. dollars)	Solutions			America		U.K.		Other		Corporate			Eliminations			Total
Revenue, net 1	$	28.7		$	1,433.5	$	597.9	$	65.0	$	—		$	(22.3	)		2,102.8
Depreciation and amortization		5.2			82.1		21.7		1.7		—			—			110.7
Operating (loss) income		(1.7	)		29.7		26.3		10.0		(48.6	)		—			15.7
Additions to property, plant & equipment		3.4			29.2		13.3		0.8		—			—			46.7

^1.  Intersegment revenue between Cott North America and the other reporting segments was $22.3 million for the year ended January 3, 2015.

^2.  Excludes intersegment receivables, investments and notes receivable.

For 2016, sales to Walmart accounted for 15.7% of total revenue (2015—18.0%; 2014—26.1%), 1.4% of our Water & Coffee Solutions reporting segment total revenue (2015—2.2%; 2014—2.7%), 34.1% of our Cott North America reporting segment revenue (2015—33.2%; 2014—33.3%), 10.0% of our Cott U.K. reporting segment revenue (2015—11.5%; 2014—12.7%), and 2.8% of All Other reporting segment revenue (2015—3.7%; 2014—3.8%).

Credit risk arises from the potential default of a customer in meeting its financial obligations to us. Concentrations of credit exposure may arise with a group of customers that have similar economic characteristics or that are located in the same geographic region. The ability of such customers to meet obligations would be similarly affected by changing economic, political or other conditions. We are not currently aware of any facts that would create a material credit risk.

Revenues generated from sales to external customers by geographic area were as follows:

	For the Year Ended
	December 31,		January 2,		January 3,
(in millions of U.S. dollars)	2016		2016		2015
United States	$	2,356.0	$	2,198.0	$	1,288.4
United Kingdom		494.0		557.0		597.9
Canada		202.8		131.4		151.5
All other countries		183.1		57.6		65.0
Total	$	3,235.9	$	2,944.0	$	2,102.8

Revenues by channel by reporting segment were as follows:

	For the Year Ended December 31, 2016
	Water &		Cott
	Coffee		North		Cott
(in millions of U.S. dollars)	Solutions		America		U.K.		All Other		Eliminations			Total
Revenue, net
Private label retail	$	78.0	$	1,036.8	$	202.3	$	3.5	$	(1.5	)	$	1,319.1
Branded retail		86.6		100.3		140.7		3.5		(1.4	)		329.7
Contract packaging		—		124.1		107.2		16.2		(8.5	)		239.0
Home and office bottled water delivery		799.4		—		—		—		—			799.4
Coffee and tea services		334.6		—		2.6		—		—			337.2
Concentrate and other		153.7		26.4		17.0		27.3		(12.9	)		211.5
Total	$	1,452.3	$	1,287.6	$	469.8	$	50.5	$	(24.3	)	$	3,235.9

	For the Year Ended January 2, 2016
	Water &		Cott
	Coffee		North		Cott
(in millions of U.S. dollars)	Solutions		America		U.K.		All Other		Eliminations			Total
Revenue, net
Private label retail	$	65.3	$	1,075.9	$	261.4	$	4.5	$	(1.6	)	$	1,405.5
Branded retail		84.1		114.9		168.1		4.1		(1.5	)		369.7
Contract packaging		—		111.8		114.0		22.2		(6.5	)		241.5
Home and office bottled water delivery		651.3		—		—		—		—			651.3
Coffee and tea services		121.3		—		3.1		—		—			124.4
Concentrate and other		99.1		28.3		10.4		26.8		(13.0	)		151.6
Total	$	1,021.1	$	1,330.9	$	557.0	$	57.6	$	(22.6	)	$	2,944.0

	For the Year Ended January 3, 2015
	Water &		Cott
	Coffee		North		Cott
(in millions of U.S. dollars)	Solutions		America		U.K.		All Other		Eliminations			Total
Revenue, net
Private label retail	$	2.1	$	1,206.4	$	296.1	$	7.4	$	(1.2	)	$	1,510.8
Branded retail		2.6		108.4		172.6		4.5		(1.6	)		286.5
Contract packaging		—		86.9		120.8		24.6		(6.7	)		225.6
Home and office bottled water delivery		12.2		—		—		—		—			12.2
Coffee and tea services		4.3		—		1.7		—		—			6.0
Concentrate and other		7.5		31.8		6.7		28.5		(12.8	)		61.7
Total	$	28.7	$	1,433.5	$	597.9	$	65.0	$	(22.3	)	$	2,102.8

Property, plant & equipment, net by geographic area as of December 31, 2016 and January 2, 2016 were as follows:

	December 31,		January 2,
(in millions of U.S. dollars)	2016		2016
United States	$	701.8	$	636.3
United Kingdom		88.1		97.6
Canada		41.7		29.7
All other countries		98.3		6.2
Total	$	929.9	$	769.8