Segment Information

6 Months Ended

Jun. 28, 2013

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, the 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. Intersegment sales in North America were $5.1 million and $9.4 million, in Europe and Mediterranean, intersegment sales were $10.8 million and $14.9 million and in ROW, intersegment sales were $19.4 million and $37.7 million for the three and six months ended June 28, 2013, respectively. In North America, intersegment sales were $9.6 million and $16.9 million, 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. 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 28, 2013 and June 29, 2012 is as follows:

	Three Fiscal Months Ended				Six Fiscal Months Ended
(in millions)	June 28, 2013		June 29, 2012		June 28, 2013			June 29, 2012
Net Sales:
North America	$	706.5	$	548.0	$	1,411.5		$	1,089.2
Europe and Mediterranean	422.4		446.6		797.0			862.7
ROW	530.2		480.6		994.3			972.8
Total	$	1,659.1	$	1,475.2	$	3,202.8		$	2,924.7
Segment Operating Income:
North America	$	43.7	$	36.6	$	81.4		$	67.0
Europe and Mediterranean	0.8		8.7		(15.4		)	13.2
ROW	26.3		22.3		37.6			41.7
Total	$	70.8	$	67.6	$	103.6		$	121.9

(in millions)	June 28, 2013		December 31, 2012
Total Assets:
North America	$	1,440.6	$	1,483.4
Europe and Mediterranean	1,366.6		1,329.6
ROW	2,002.8		2,119.6
Total	$	4,810.0	$	4,932.6