Segment Reporting

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Reporting

Segment reporting

The Company reports its financial results in four reportable segments – Consumer Packaging, Display and Packaging, Paper and Industrial Converted Products, and Protective Solutions. Effective January 1, 2014, the Company began reporting Sonoco Alloyd, the Company's retail packaging business and previously part of the Protective Solutions segment, as part of the Display and Packaging segment. This change reflects the evolving integration of these businesses, which enables them to better leverage the Company's capabilities, products and services to provide complete solutions to our retail merchandising customers. Prior period results for the affected segments have been recast to reflect this change.

The Consumer Packaging segment includes the following products and services: round and shaped rigid containers and trays (both composite and thermoformed plastic); blow-molded plastic bottles and jars; extruded and injection-molded plastic products; printed flexible packaging; global brand artwork management; and metal and peelable membrane ends and closures.

The Display and Packaging segment includes the following products and services: designing, manufacturing, assembling, packing and distributing temporary, semipermanent and permanent point-of-purchase displays; supply chain management services, including contract packing, fulfillment and scalable service centers; retail packaging, including printed backer cards, thermoformed blisters and heat sealing equipment; and paper amenities, such as coasters and glass covers.

The Paper and Industrial Converted Products segment includes the following products: paperboard tubes and cores; fiber-based construction tubes and forms; wooden, metal and composite wire and cable reels and spools; and recycled paperboard, linerboard, corrugating medium, recovered paper and material recycling services.

The Protective Solutions segment includes the following products: custom-engineered paperboard-based and expanded foam protective packaging and components; and temperature-assurance packaging.

Restructuring charges, asset impairment charges, insurance settlement gains, acquisition-related costs, interest expense and interest income are included in income before income taxes under “Corporate.”

The following table sets forth financial information about each of the Company's business segments:

	Years ended December 31
	Consumer Packaging		Display and Packaging		Paper and Industrial Converted Products		Protective Solutions		Corporate			Consolidated
Total Revenue
2014	$	1,966,989	$	665,947	$	2,010,160	$	487,171	$	—		$	5,130,267
2013	1,898,690		626,976		1,958,762		473,278		—			4,957,706
2012	1,920,114		583,435		1,937,523		453,626		—			4,894,698
Intersegment Sales1
2014	$	4,092	$	1,592	$	107,712	$	2,337	$	—		$	115,733
2013	5,157		1,968		99,882		2,607		—			109,614
2012	7,493		2,253		96,696		2,127		—			108,569
Sales to Unaffiliated Customers
2014	$	1,962,897	$	664,355	$	1,902,448	$	484,834	$	—		$	5,014,534
2013	1,893,533		625,008		1,858,880		470,671		—			4,848,092
2012	1,912,621		581,182		1,840,827		451,499		—			4,786,129
Income Before Income Taxes2
2014	$	199,407	$	25,277	$	162,269	$	34,003	$	(81,836	)	$	339,120
2013	187,130		20,806		138,094		40,084		(81,545		)	304,569
2012	176,768		20,397		141,351		36,912		(88,354		)	287,074
Identifiable Assets3
2014	$	1,583,855	$	507,784	$	1,299,356	$	564,468	$	254,533		$	4,209,996
2013	1,282,726		518,975		1,290,353		552,121		335,116			3,979,291
2012	1,298,381		503,172		1,316,606		566,608		491,298			4,176,065
Depreciation, Depletion and Amortization4
2014	$	75,782	$	17,034	$	83,076	$	22,826	$	—		$	198,718
2013	74,127		18,049		82,392		23,103		—			197,671
2012	75,556		15,753		83,329		25,765		—			200,403
Capital Expenditures
2014	$	63,117	$	9,432	$	73,636	$	22,238	$	8,653		$	177,076
2013	48,770		7,422		88,556		15,908		11,786			172,442
2012	58,284		9,170		112,298		8,889		26,221			214,862

1	Intersegment sales are recorded at a market-related transfer price.
2	Included in Corporate are restructuring, asset impairment charges, acquisition-related charges and property insurance settlement gains associated with the following segments:

	Consumer Packaging		Display and Packaging		Paper and Industrial Converted Products		Protective Solutions		Corporate		Total
2014	$	12,536	$	4,042	$	4,340	$	1,527	$	7,000	$	29,445
2013	14,003		2,326		6,785		1,545		159		24,818
2012	9,638		2,632		12,787		2,792		519		28,368

	The remaining amounts reported as Corporate consist of interest expense and interest income.
3	Identifiable assets are those assets used by each segment in its operations. Corporate assets consist primarily of cash and cash equivalents, investments in affiliates, headquarters facilities, deferred income taxes and prepaid expenses.
4	Depreciation, depletion and amortization incurred at Corporate are allocated to the reportable segments.

Geographic regions

Sales to unaffiliated customers and long-lived assets by geographic region are as follows:

	2014		2013		2012
Sales to Unaffiliated Customers
United States	$	3,285,017	$	3,231,135	$	3,165,772
Europe	841,452		751,806		768,667
Canada	292,163		299,243		338,657
All other	595,902		565,908		513,033
Total	$	5,014,534	$	4,848,092	$	4,786,129
Long-lived Assets
United States	$	1,738,648	$	1,878,728	$	1,910,824
Europe	685,765		288,407		275,884
Canada	184,879		205,095		229,129
All other	117,249		109,010		117,071
Total	$	2,726,541	$	2,481,240	$	2,532,908

Sales are attributed to countries/regions based upon the plant location from which products are shipped. Long-lived assets are comprised of property, plant and equipment, goodwill, intangible assets and investment in affiliates (see Notes 6 and 7).