Segment Information

6 Months Ended

Jun. 29, 2012

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company conducts its operations through three geographic operating segments – North America, Europe and Mediterranean, and ROW, which consists of operations in Latin America, Sub-Saharan Africa, Middle East and Asia Pacific. The Company’s operating segments align with the structure of the Company’s internal management organization. All three segments engage in the development, design, manufacturing, marketing and distribution of copper, aluminum, and fiber optic communication, electric utility and electrical infrastructure wire and cable products. In addition to the above products, the Europe and Mediterranean and ROW segments develop, design, manufacture, market and distribute construction products and the ROW segment manufactures and distributes rod mill wire and cable products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. For the three and six months ended June 29, 2012 and July 1, 2011, intersegment sales in North America were immaterial. In Europe and Mediterranean, intersegment sales were $5.9 million and $12.1 million and in ROW, intersegment sales were $9.5 million and $18.3 million for the three and six months ended June 29, 2012, respectively. In Europe and Mediterranean, intersegment sales were $5.3 million and $10.7 million, and in ROW, intersegment sales were $9.3 million and $18.7 million for the three and six months ended July 1, 2011, respectively. The chief operating decision maker evaluates segment performance and allocates resources based on segment operating income. Segment operating income represents income from continuing operations before interest income, interest expense, other income (expense), other financial costs and income tax. Summarized financial information for the Company’s reportable segments for the three and six fiscal months ended June 29, 2012 and July 1, 2011 is as follows:

	Three Fiscal Months Ended				Six Fiscal Months Ended
(in millions)	June 29, 2012		July 1, 2011		June 29, 2012		July 1, 2011
Net Sales:
North America	$	548.0	$	566.4	$	1,089.2	$	1,108.2
Europe and Mediterranean	444.8		469.2		859.9		892.3
ROW	485.3		496.6		961.5		979.3
Total	$	1,478.1	$	1,532.2	$	2,910.6	$	2,979.8
Segment Operating Income:
North America	$	36.6	$	41.3	$	67.0	$	76.8
Europe and Mediterranean	8.7		12.4		13.2		25.9
ROW	23.8		21.8		39.6		41.9
Total	$	69.1	$	75.5	$	119.8	$	144.6

(in millions)	June 29, 2012		December 31, 2011
Total Assets:
North America	$	1,087.5	$	1,026.8
Europe and Mediterranean	1,447.8		1,435.2
ROW	1,925.9		1,861.0
Total	$	4,461.2	$	4,323.0