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Segment Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Information

Segment information as of and for the three and six months ended June 30, 2015 and 2014 is as follows:

 

    Three months ended June 30, 2015  

(in millions)

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

Net sales

  $ 677.3      $ 473.6      $ 753.3      $ 124.6      $ (23.1   $ 2,005.7      $ —       $ 2,005.7   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment earnings (loss)

  115.9      64.2      84.9      19.5      —       284.5      (25.8   258.7   

Adjustments to reconcile to reported operating earnings (loss):

Restructuring costs, net

  (1.9   —       —       —       —       (1.9   —       (1.9

Acquisition-related and other costs

  (5.5   (4.5   (6.5   —       —       (16.5   (1.2   (17.7

Depreciation and amortization

  (21.3   (9.3   (14.2   (3.0   —       (47.8   (1.7   (49.5
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating earnings (loss)

$ 87.2    $ 50.4    $ 64.2    $ 16.5    $ —     $ 218.3    $ (28.7 $ 189.6   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Other segment data:

Total assets

$ 4,331.1    $ 2,466.1    $ 3,009.9    $ 213.2    $ —     $ 10,020.3    $ 661.4    $ 10,681.7   

 

    Three months ended June 30, 2014  

(in millions)

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

Net sales

  $ 684.4      $ 445.6      $ 754.9      $ 111.8      $ (21.6   $ 1,975.1      $ —       $ 1,975.1   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment earnings (loss)

  105.5      55.3      100.2      18.3      —       279.3      (20.8   258.5   

Adjustments to reconcile to reported operating earnings (loss):

Fair market value adjustment to inventory

  —        (1.3   —        —        —        (1.3   —        (1.3

Restructuring costs, net

  —       (0.7   (1.6   —       —       (2.3   —       (2.3

Acquisition-related and other costs

  (1.4   (1.0   (5.2   —       —       (7.6   (0.5   (8.1

Venezuela-related charges

  —       —       —       —       —       —       (9.6   (9.6

Depreciation and amortization

  (21.9   (6.7   (14.3   (2.8   —       (45.7   (1.4   (47.1
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating earnings (loss)

$ 82.2    $     45.6    $     79.1    $ 15.5    $ —     $ 222.4    $ (32.3 $ 190.1   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

    Six months ended June 30, 2015  

(in millions)

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

Net sales

  $ 1,322.6      $ 852.8      $ 1,378.2      $ 228.7      $ (45.1   $ 3,737.2      $ —       $ 3,737.2   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment earnings (loss)

  190.5      94.3      125.3      30.8      —       440.9      (83.2   357.7   

Adjustments to reconcile to reported operating earnings (loss):

Restructuring costs, net

  (2.5   —       —       —       —       (2.5   (2.0   (4.5

Acquisition-related and other costs

  (9.9   (9.2   (14.7   —       —       (33.8   (3.0   (36.8

Venezuela-related charges

  —       —       —       —       —       —       (60.6   (60.6

Depreciation and amortization

  (41.8   (19.0   (27.3   (5.8   —       (93.9   (3.1   (97.0
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating earnings (loss)

$ 136.3    $ 66.1    $ 83.3    $ 25.0    $ —     $ 310.7    $ (151.9 $ 158.8   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

    Six months ended June 30, 2014  

(in millions)

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

Net sales

  $ 1,306.2      $ 789.6      $ 1,439.0      $ 214.1      $ (42.0   $ 3,706.9      $ —       $ 3,706.9   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment earnings (loss)

  180.5      91.8      155.5      30.6      —       458.4      (73.6   384.8   

Adjustments to reconcile to reported operating earnings (loss):

Fair market value adjustment to inventory

  —       (1.3   —       —       —       (1.3   —       (1.3

Restructuring costs, net

  —       (1.0   (1.6   —       —       (2.6   —       (2.6

Acquisition-related and other costs

  (6.4   (4.0   (10.4   —       —       (20.8   (0.5   (21.3

Venezuela-related charges

  —       —       —       —       —       —       (13.6   (13.6

Depreciation and amortization

  (41.9   (14.4   (28.1   (5.6   —       (90.0   (2.7   (92.7
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Operating earnings (loss)

$ 132.2    $ 71.1    $ 115.4    $ 25.0    $ —     $ 343.7    $ (90.4 $ 253.3