Segment Information

6 Months Ended

Jun. 27, 2014

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company conducts its operations through three geographic operating and 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 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 as well as rod mill wire and cable products.

Net revenues as shown below represent sales to external customers for each segment. Intersegment sales have been eliminated. In North America intersegment sales were $8.5 million and $17.8 million, in Europe and Mediterranean, intersegment sales were $13.2 million and $26.8 million and in ROW, intersegment sales were $9.4 million and $16.5 million for the three and six months ended June 27, 2014, respectively. In North America, intersegment sales 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 $19.4 million and $37.7 million for the three and six months ended June 28, 2013, 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 27, 2014 and June 28, 2013 is as follows:

	Three Fiscal Months Ended					Six Fiscal Months Ended
(in millions)	June 27, 2014			June 28, 2013		June 27, 2014			June 28, 2013
Net Sales:
North America	$	645.3		$	706.5	$	1,240.0		$	1,411.5
Europe and Mediterranean	394.3			422.4		762.6			797.0
ROW	491.7			530.2		958.8			994.3
Total	$	1,531.3		$	1,659.1	$	2,961.4		$	3,202.8
Segment Operating Income (Loss):
North America	$	17.6		$	43.7	$	49.9		$	81.4
Europe and Mediterranean	19.3			0.8		10.2			(15.4		)
ROW	(22.8		)	26.3		(283.1		)	37.6
Total	$	14.1		$	70.8	$	(223.0	)	$	103.6

(in millions)	June 27, 2014		December 31, 2013
Total Assets:
North America	$	1,411.4	$	1,342.0
Europe and Mediterranean	1,233.5		1,232.8
ROW	1,676.9		2,004.1
Total	$	4,321.8	$	4,578.9