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Segment Information (Tables)
3 Months Ended
Mar. 31, 2014
Segment Information

Segment information as of and for the three months ended March 31, 2014 and 2013 is as follows:

 

                                                                                                                       
    Three months ended March 31, 2014  

(in millions)

  Branded
Consumables
    Consumer
Solutions
    Outdoor
Solutions
    Process
Solutions
    Intercompany
Eliminations
    Total
Operating
Segments
    Corporate/
Unallocated
    Consolidated  

Net sales

  $ 621.8      $ 344.0      $ 684.1      $ 102.3      $ (20.4   $ 1,731.8      $ —       $ 1,731.8   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment earnings (loss)

    75.0        36.5        55.3        12.3        —         179.1        (52.8     126.3   

Adjustments to reconcile to reported operating earnings (loss):

               

Restructuring costs

    —         (0.3     —         —         —         (0.3     —         (0.3

Acquisition-related and other costs

    (5.0     (3.0     (5.2     —         —         (13.2     —         (13.2

Venezuela foreign exchange-related charges

    —         —         —         —         —         —         (4.0     (4.0

Depreciation and amortization

    (20.0     (7.7     (13.8     (2.8     —         (44.3     (1.3     (45.6
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating earnings (loss)

  $ 50.0      $ 25.5      $ 36.3      $ 9.5      $ —       $ 121.3      $ (58.1   $ 63.2   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other segment data:

               

Total assets

  $ 4,194.3      $ 1,978.7      $ 3,103.2      $ 192.3      $ —       $ 9,468.5      $ 1,059.7      $ 10,528.2   

 

                                                                                                                       
    Three months ended March 31, 2013  

(in millions)

  Branded
Consumables
    Consumer
Solutions
    Outdoor
Solutions
    Process
Solutions
    Intercompany
Eliminations
    Total
Operating
Segments
    Corporate/
Unallocated
    Consolidated  

Net sales

  $ 443.7      $ 363.3      $ 694.9     $ 97.6      $ (18.8   $ 1,580.7      $ —       $ 1,580.7   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment earnings (loss)

    56.1        45.1        71.2       14.9        —         187.3        (58.7     128.6   

Adjustments to reconcile to reported operating earnings (loss):

               

Fair market value adjustment to inventory

    (3.5     —         (1.5     —         —         (5.0     —         (5.0

Venezuela foreign exchange-related charges

    —         —         —         —         —         —         (29.0     (29.0

Depreciation and amortization

    (12.8     (7.6     (13.5     (2.8     —         (36.7     (1.0     (37.7
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating earnings (loss)

  $ 39.8      $ 37.5      $ 56.2     $ 12.1      $ —       $ 145.6      $ (88.7   $ 56.9