Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment information as of and for the years ended December 31, 2015, 2014 and 2013 is as follows:


	2015
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	3,338.6		$	2,167.1		$	2,736.6		$	452.4		$	(90.8	)	$	8,603.9		$	—		$	8,603.9

Segment earnings (loss)		638.3			329.6			305.7			60.1			—			1,333.7			(131.7	)		1,202.0
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		(18.2	)		—			(18.7	)		—			—			(36.9	)		—			(36.9	)
Restructuring costs, net		(5.4	)		(0.3	)		(4.4	)		—			—			(10.1	)		(2.0	)		(12.1	)
Acquisition-related and other costs		(29.3	)		(17.5	)		(34.1	)		(0.5	)		—			(81.4	)		(23.3	)		(104.7	)
Venezuela-related charges		—			—			—			—			—			—			(60.6	)		(60.6	)
Other (a)		—			—			—			—			—			—			(83.8	)		(83.8	)
Impairment of goodwill, intangibles and other assets		(5.2	)		—			(145.6	)		—			—			(150.8	)		—			(150.8	)
Depreciation and amortization		(119.9	)		(38.2	)		(68.8	)		(11.8	)		—			(238.7	)		(6.7	)		(245.4	)

Operating earnings (loss)	$	460.3		$	273.6		$	34.1		$	47.8		$	—		$	815.8		$	(308.1	)	$	507.7

Other segment data:
Total assets	$	5,936.3		$	2,235.0		$	4,826.6		$	198.5		$	—		$	13,196.4		$	1,096.7		$	14,293.1
Capital expenditures		109.5			27.7			52.5			13.2			—			202.9			11.7			214.6

	2014
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	2,993.6		$	2,211.6		$	2,739.2		$	427.5		$	(84.8	)	$	8,287.1		$	—		$	8,827.1

Segment earnings (loss)		520.6			358.0			302.3			52.0			—			1,232.9			(128.9	)		1,104.0
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		(2.1	)		(21.3	)		—			—			—			(23.4	)		—			(23.4	)
Restructuring costs, net		(3.6	)		(1.8	)		(2.3	)		—			—			(7.7	)		—			(7.7	)
Acquisition-related and other costs (b)		(19.6	)		27.8			(41.1	)		—			—			(32.9	)		(9.1	)		(42.0	)
Venezuela-related charges		—			—			—			—			—			—			(174.6	)		(174.6	)
Impairment of goodwill, intangibles and other assets		(13.9	)		(0.7	)		(9.9	)		(0.9	)		—			(25.4	)		—			(25.4	)
Depreciation and amortization		(86.1	)		(32.4	)		(55.6	)		(11.3	)		—			(185.4	)		(5.7	)		(191.1	)

Operating earnings (loss)	$	395.3		$	329.6		$	193.4		$	39.8		$	—		$	958.1		$	(318.3	)	$	639.8

Other segment data:
Total assets	$	4,223.1		$	2,516.5		$	2,829.4		$	194.1		$	—		$	9,763.1		$	1,036.2		$	10,799.3
Capital expenditures		92.3			28.6			57.3			17.6			—			195.8			6.3			202.1


	2013
(in millions)	Branded Consumables			Consumer Solutions			Outdoor Solutions			Process Solutions			Intercompany Eliminations			Total Operating Segments			Corporate/ Unallocated			Consolidated
Net sales	$	2,266.6		$	2,040.0		$	2,724.4		$	403.6		$	(78.7	)	$	7,355.9		$	—		$	7,355.9

Segment earnings (loss)		411.1			307.2			298.4			51.7			—			1,068.4			(132.4	)		936.0
Adjustments to reconcile to reported operating earnings (loss):
Fair market value adjustment to inventory		(82.4	)		—			(7.4	)		—			—			(89.8	)		—			(89.8	)
Restructuring costs, net		(7.0	)		(3.3	)		(11.7	)		—			—			(22.0	)		—			(22.0	)
Acquisition-related and other costs (c)		(7.4	)		(1.4	)		(25.9	)		—			—			(34.7	)		17.1			(17.6	)
Venezuela-related charges		—			—			—			—			—			—			(29.0	)		(29.0	)
Other (d)		—			—			—			—			—			—			(38.8	)		(38.8	)
Depreciation and amortization		(60.8	)		(32.5	)		(57.3	)		(11.3	)		—			(161.9	)		(4.0	)		(165.9	)

Operating earnings (loss)	$	253.5		$	270.0		$	196.1		$	40.4		$	—		$	760.0		$	(187.1	)	$	572.9

Other segment data:
Capital expenditures	$	39.0		$	39.0		$	87.2		$	8.4		$	—		$	173.6		$	37.4		$	211.0

(a)	Primarily comprised of the cumulative stock-based compensation related to certain restricted stock awards where compensation expense was not previously recognized (see Note 13).

(b)	Consolidated amount includes a gain of $38.7 on the sale of an Asian manufacturing facility recorded in the Consumer Solutions segment.

(c)	Consolidated amount includes a net gain on the sale of certain domestic assets recorded in the Corporate segment.

(d)	Represents stock-based compensation related to a grant of common stock to certain executive officers (see Note 13).

Geographic Information

Geographic information as of and for the years ended December 31, 2015, 2014 and 2013 is as follows:


(in millions)	Domestic		International		Total
2015
Net sales	$	5,558.1	$	3,045.8	$	8,603.9
Property, plant and equipment, net		732.3		342.1		1,074.4
2014
Net sales	$	5,085.2	$	3,201.9	$	8,287.1
Property, plant and equipment, net		516.0		333.9		849.9
2013
Net sales	$	4,482.7	$	2,873.2	$	7,355.9