Segment Information

9 Months Ended

Sep. 26, 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, construction, electric utility and electrical infrastructure wire and cable products as well as the North America and ROW segments manufacture and distribute rod mill wire 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 $7.2 million and $25.0 million, in Europe and Mediterranean, intersegment sales were $9.1 million and $35.9 million and in ROW, intersegment sales were $4.4 million and $20.9 million for the three and nine months ended September 26, 2014, respectively. In North America, intersegment sales were $4.5 million and $13.9 million, in Europe and Mediterranean, intersegment sales were $7.0 million and $21.9 million and in ROW, intersegment sales were $20.6 million and $58.3 million for the three and nine months ended September 27, 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 nine fiscal months ended September 26, 2014 and September 27, 2013 is as follows:

	Three Fiscal Months Ended					Nine Fiscal Months Ended
(in millions)	September 26, 2014			September 27, 2013		September 26, 2014			September 27, 2013
Net Sales:
North America	$	644.1		$	663.2	$	1,884.1		$	2,074.7
Europe and Mediterranean	351.9			383.4		1,114.5			1,180.4
ROW	475.7			510.5		1,434.5			1,504.8
Total	$	1,471.7		$	1,557.1	$	4,433.1		$	4,759.9
Segment Operating Income (Loss):
North America	$	48.0		$	25.2	$	97.9		$	106.6
Europe and Mediterranean	(107.3		)	7.6		(97.1		)	(7.8		)
ROW	(19.3		)	10.1		(302.4		)	47.7
Total	$	(78.6	)	$	42.9	$	(301.6	)	$	146.5

(in millions)	September 26, 2014		December 31, 2013
Total Assets:
North America	$	1,373.1	$	1,342.0
Europe and Mediterranean	1,061.9		1,232.8
ROW	1,587.3		2,004.1
Total	$	4,022.3	$	4,578.9