XML 44 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company conducts its operations through three geographic reportable 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 reportable 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 ROW segment and the Europe and Mediterranean segment 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 year ended December 31, 2013 intersegment sales in North America were $20.6 million. In Europe and Mediterranean intersegment sales were $33.3 million and in ROW intersegment sales were $68.6 million for the year ended December 31, 2013. For the year ended December 31, 2012 intersegment sales in North America were $27.1 million. In Europe and Mediterranean intersegment sales were $22.1 million and in ROW intersegment sales were $95.5 million for the year ended December 31, 2012. For the year ended December 31, 2011 intersegment sales in North America were $28.8 million. In Europe and Mediterranean intersegment sales were $24.8 million and in ROW intersegment sales were $38.1 million for the year ended December 31, 2011. 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.
Corporate assets include cash, deferred income taxes, certain property, including property held for sale and prepaid expenses and other certain current and non-current assets.
 
 
Year Ended
(in millions)
 
Dec 31, 2013

 
Dec 31, 2012

 
Dec 31, 2011

Net Sales:
 
 
 
 
 
 
North America
 
$
2,751.6

 
$
2,340.2

 
$
2,120.2

Europe and Mediterranean
 
1,629.6

 
1,684.2

 
1,737.9

ROW
 
2,040.0

 
2,035.1

 
1,950.1

Total
 
$
6,421.2

 
$
6,059.5

 
$
5,808.2

Segment Operating Income (Loss):
 
 
 
 
 
 
North America
 
$
129.8

 
$
126.1

 
$
121.8

Europe and Mediterranean
 
(0.3
)
 
(13.0
)
 
30.3

ROW
 
82.2

 
86.3

 
62.5

Total
 
$
211.7

 
$
199.4

 
$
214.6

Capital Expenditures:
 
 
 
 
 
 
North America
 
$
33.5

 
$
25.3

 
$
22.2

Europe and Mediterranean
 
18.4

 
35.3

 
41.1

ROW
 
37.2

 
48.0

 
58.2

Total
 
$
89.1

 
$
108.6

 
$
121.5

Depreciation Expense:
 
 
 
 
 
 
North America
 
$
40.3

 
$
30.0

 
$
27.2

Europe and Mediterranean
 
40.3

 
38.0

 
38.3

ROW
 
38.0

 
34.5

 
32.1

Total
 
$
118.6

 
$
102.5

 
$
97.6

Total Assets:
 
 
 
 
 
 
North America
 
$
1,342.0

 
$
1,483.4

 
 
Europe and Mediterranean
 
1,232.8

 
1,329.6

 
 
ROW
 
2,004.1

 
2,119.6

 
 
Total
 
$
4,578.9

 
$
4,932.6

 
 

Revenues by Major Product Lines Revenues to external customers are attributable to sales of electric utility, electrical infrastructure, construction, communications and rod mill wire product lines.
 
 
Year Ended
(in millions)
 
Dec 31, 2013
 
Dec 31, 2012
 
Dec 31, 2011
Electric Utility
 
$
2,148.5

 
$
2,004.8

 
$
1,792.8

Electrical Infrastructure
 
1,674.2

 
1,611.5

 
1,708.3

Construction
 
1,568.9

 
1,519.0

 
1,395.3

Communications
 
713.0

 
651.2

 
655.3

Rod Mill Products
 
316.6

 
273.0

 
256.5

Total
 
$
6,421.2

 
$
6,059.5

 
$
5,808.2









Geographic Information The following table presents net sales to unaffiliated customers by country of destination for the last three years and long-lived assets by country as of December 31:
 
 
Net Sales
 
Long-lived Assets
 
 
Year Ended
 
Year Ended
(in millions)
 
Dec 31, 2013
 
Dec 31, 2012
 
Dec 31, 2011
 
Dec 31, 2013
 
Dec 31, 2012
United States
 
$
1,919.8

 
$
1,859.5

 
$
1,712.2

 
$
331.7

 
$
337.9

Canada
 
708.0

 
441.3

 
379.8

 
49.3

 
45.6

France
 
469.4

 
494.9

 
506.0

 
72.6

 
78.3

Brazil
 
421.3

 
477.6

 
420.4

 
105.0

 
121.3

Spain
 
280.7

 
319.0

 
400.1

 
166.0

 
169.8

Others
 
2,622.0

 
2,467.2

 
2,389.7

 
847.8

 
929.2

Total
 
$
6,421.2

 
$
6,059.5

 
$
5,808.2

 
$
1,572.4

 
$
1,682.1