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Segment Information
 9 Months Ended
Oct. 02, 2015
Segment Reporting [Abstract]  
Segment Information
Segment Information
The chief operating decision maker ("CODM") 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. Effective in the fourth quarter of 2014, in connection with the Company's announcement to commit to a plan to divest all of the Company's operations in Asia Pacific and Africa, the Company reorganized its reportable segments as a result of a change to what the CODM uses to measure profitability and allocate resources. Accordingly, in the fourth quarter of 2014, the Company presented four geographic operating and reportable segments — North America, Europe, Latin America, and Africa/Asia Pacific. As a result of the change in how the CODM manages and allocates resources, there was a change in how certain corporate costs are allocated to better align with how the CODM allocates resources. Previously, the amounts were evenly allocated across each reportable segment and the amounts are now allocated based on a percentage of revenue at each segment. This change in the allocation method is reflected in the results below retrospectively. The Company’s operating and reportable segments align with the structure of the Company’s internal management organization. All four 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. In addition to the above products, the North America, Latin America and Africa/Asia Pacific segments manufacture and distribute 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 the three and nine months ended October 2, 2015, intersegment sales were $7.0 million and $24.8 million in North America, $2.1 million and $16.4 million in Europe, and $5.3 million and $14.8 million in Latin America. In the three and nine months ended September 26, 2014, intersegment sales were $7.2 million and $25.0 million in North America, $12.7 million and $47.4 million in Europe, and $6.4 million and $26.2 million in Latin America.

Summarized financial information for the Company’s reportable segments reported in continuing operations for the three and nine fiscal months ended October 2, 2015 and September 26, 2014 is as follows:
 
Three Fiscal Months Ended
 
Nine Fiscal Months Ended
(in millions)
October 2, 2015
 
September 26, 2014
 
October 2, 2015
 
September 26, 2014
Net Sales:
 
 
 
 
 
 
 
North America
$
571.9

 
$
644.1

 
$
1,819.5

 
$
1,884.1

Europe
231.0

 
316.6

 
743.7

 
989.4

Latin America
169.2

 
268.9

 
563.3

 
859.9

Africa/Asia Pacific
55.2

 
86.2

 
185.3

 
271.2

Total
$
1,027.3

 
$
1,315.8

 
$
3,311.8

 
$
4,004.6

 Segment Operating Income (Loss):
 
 
 
 
 
 
 
North America
$
17.9

 
$
46.9

 
$
78.4

 
$
98.5

Europe
3.2

 
(108.1
)
 
7.9

 
(103.5
)
Latin America
(1.2
)
 
(23.3
)
 
(19.6
)
 
(203.5
)
Africa/Asia Pacific
(2.8
)
 
2.1

 
(9.7
)
 
(7.7
)
Total
$
17.1

 
$
(82.4
)
 
$
57.0

 
$
(216.2
)
(in millions)
October 2, 2015
 
December 31, 2014
Total Assets:
 
 
 
North America
$
1,079.4

 
$
1,220.3

Europe
728.5

 
751.4

Latin America
496.6

 
656.6

Africa/Asia Pacific
418.2

 
738.4

Total
$
2,722.7

 
$
3,366.7


The total assets of the discontinued operations as of October 2, 2015 and December 31, 2014 are $162.8 million and $433.7 million, respectively. The total assets of the discontinued operations are included in the Africa/Asia Pacific segment above.