Attached files
| file | filename |
|---|---|
| 8-K - 8-K - O-I Glass, Inc. /DE/ | a10-22913_18k.htm |
| EX-99.1 - EX-99.1 - O-I Glass, Inc. /DE/ | a10-22913_1ex99d1.htm |
| EX-99.2 - EX-99.2 - O-I Glass, Inc. /DE/ | a10-22913_1ex99d2.htm |
| EX-99.3 - EX-99.3 - O-I Glass, Inc. /DE/ | a10-22913_1ex99d3.htm |
Exhibit 99.4
Owens-Illinois, Inc.
Unaudited Pro Forma Segment Net Sales and Operating Profit
The information below presents the Company’s net sales by segment and Segment Operating Profit, giving effect to the expropriation of the Venezuelan operations as if the disposition had been completed as of January 1, 2009. The Company’s measure of profit for its reportable segments is Segment Operating Profit, which consists of consolidated earnings from continuing operations before interest income, interest expense and provision for income taxes and excluded amounts related to certain items that management considers not representative of ongoing operations as well as certain retained corporate costs. The segment data presented below is prepared in accordance with general accounting principles for segment reporting. The line titled ‘reportable segment totals’, however, is a non-GAAP measure when presented outside of the financial statement footnotes. Management has included this non-GAAP information to assist in understanding the comparability of results of ongoing operations. Management uses Segment Operating Profit, in combination with net sales and selected cash flow information, to evaluate performance and to allocate resources.
Owens-Illinois, Inc.
Unaudited Pro Forma Segment Net Sales and Operating Profit
for the Three Months Ended September 30, 2010
|
Dollars in millions |
|
As Reported |
|
Pro Forma |
|
Pro Forma |
| |||
|
|
|
|
|
|
|
|
| |||
|
Net Sales: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
702.4 |
|
$ |
— |
|
$ |
702.4 |
|
|
North America |
|
483.5 |
|
|
|
483.5 |
| |||
|
South America |
|
296.0 |
|
52.5 |
|
243.5 |
| |||
|
Asia Pacific |
|
249.9 |
|
|
|
249.9 |
| |||
|
Reportable segment totals |
|
1,731.8 |
|
52.5 |
|
1,679.3 |
| |||
|
Other |
|
9.4 |
|
|
|
9.4 |
| |||
|
Net Sales |
|
$ |
1,741.2 |
|
$ |
52.5 |
|
$ |
1,688.7 |
|
|
|
|
|
|
|
|
|
| |||
|
Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
113.2 |
|
$ |
— |
|
$ |
113.2 |
|
|
North America |
|
71.1 |
|
|
|
71.1 |
| |||
|
South America |
|
76.6 |
|
19.7 |
|
56.9 |
| |||
|
Asia Pacific |
|
37.7 |
|
|
|
37.7 |
| |||
|
Reportable segment totals |
|
298.6 |
|
19.7 |
|
278.9 |
| |||
|
Items excluded from Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Retained corporate costs and other |
|
(21.0 |
) |
|
|
(21.0 |
) | |||
|
Acquisition-related fair value inventory adjustment |
|
(5.1 |
) |
|
|
(5.1 |
) | |||
|
Acquisition transaction costs |
|
(6.0 |
) |
|
|
(6.0 |
) | |||
|
Interest income |
|
2.5 |
|
0.1 |
|
2.4 |
| |||
|
Interest expense |
|
(61.0 |
) |
|
|
(61.0 |
) | |||
|
Earnings before income taxes |
|
$ |
208.0 |
|
$ |
19.8 |
|
$ |
188.2 |
|
Owens-Illinois, Inc.
Unaudited Pro Forma Segment Net Sales and Operating Profit
for the Three Months Ended June 30, 2010
|
Dollars in millions |
|
As Reported |
|
Pro Forma |
|
Pro Forma |
| |||
|
|
|
|
|
|
|
|
| |||
|
Net Sales: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
715.6 |
|
$ |
— |
|
$ |
715.6 |
|
|
North America |
|
516.2 |
|
|
|
516.2 |
| |||
|
South America |
|
247.5 |
|
40.6 |
|
206.9 |
| |||
|
Asia Pacific |
|
223.1 |
|
|
|
223.1 |
| |||
|
Reportable segment totals |
|
1,702.4 |
|
40.6 |
|
1,661.8 |
| |||
|
Other |
|
8.5 |
|
|
|
8.5 |
| |||
|
Net Sales |
|
$ |
1,710.9 |
|
$ |
40.6 |
|
$ |
1,670.3 |
|
|
|
|
|
|
|
|
|
| |||
|
Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
104.5 |
|
$ |
— |
|
$ |
104.5 |
|
|
North America |
|
87.5 |
|
|
|
87.5 |
| |||
|
South America |
|
64.3 |
|
15.6 |
|
48.7 |
| |||
|
Asia Pacific |
|
30.8 |
|
|
|
30.8 |
| |||
|
Reportable segment totals |
|
287.1 |
|
15.6 |
|
271.5 |
| |||
|
Items excluded from Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Retained corporate costs and other |
|
(13.3 |
) |
|
|
(13.3 |
) | |||
|
Restructuring and asset impairments |
|
(8.0 |
) |
|
|
(8.0 |
) | |||
|
Interest income |
|
3.8 |
|
0.1 |
|
3.7 |
| |||
|
Interest expense |
|
(60.0 |
) |
|
|
(60.0 |
) | |||
|
Earnings before income taxes |
|
$ |
209.6 |
|
$ |
15.7 |
|
$ |
193.9 |
|
Owens-Illinois, Inc.
Unaudited Pro Forma Segment Net Sales and Operating Profit
for the Three Months Ended March 30, 2010
|
Dollars in millions |
|
As Reported |
|
Pro Forma |
|
Pro Forma |
| |||
|
|
|
|
|
|
|
|
| |||
|
Net Sales: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
668.1 |
|
$ |
— |
|
$ |
668.1 |
|
|
North America |
|
443.7 |
|
|
|
443.7 |
| |||
|
South America |
|
210.9 |
|
36.3 |
|
174.6 |
| |||
|
Asia Pacific |
|
250.5 |
|
|
|
250.5 |
| |||
|
Reportable segment totals |
|
1,573.2 |
|
36.3 |
|
1,536.9 |
| |||
|
Other |
|
9.3 |
|
|
|
9.3 |
| |||
|
Net Sales |
|
$ |
1,582.5 |
|
$ |
36.3 |
|
$ |
1,546.2 |
|
|
|
|
|
|
|
|
|
| |||
|
Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
56.4 |
|
$ |
— |
|
$ |
56.4 |
|
|
North America |
|
63.3 |
|
|
|
63.3 |
| |||
|
South America |
|
41.7 |
|
5.1 |
|
36.6 |
| |||
|
Asia Pacific |
|
36.8 |
|
|
|
36.8 |
| |||
|
Reportable segment totals |
|
198.2 |
|
5.1 |
|
193.1 |
| |||
|
Items excluded from Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Retained corporate costs and other |
|
(18.4 |
) |
|
|
(18.4 |
) | |||
|
Interest income |
|
4.4 |
|
0.3 |
|
4.1 |
| |||
|
Interest expense |
|
(55.6 |
) |
|
|
(55.6 |
) | |||
|
Earnings before income taxes |
|
$ |
128.6 |
|
$ |
5.4 |
|
$ |
123.2 |
|
Owens-Illinois, Inc.
Unaudited Pro Forma Segment Net Sales and Operating Profit
for the Three Months Ended December 31, 2009
|
Dollars in millions |
|
As Reported |
|
Pro Forma |
|
Pro Forma |
| |||
|
|
|
|
|
|
|
|
| |||
|
Net Sales: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
724.9 |
|
$ |
— |
|
$ |
724.9 |
|
|
North America |
|
481.1 |
|
|
|
481.1 |
| |||
|
South America |
|
349.7 |
|
121.3 |
|
228.4 |
| |||
|
Asia Pacific |
|
298.1 |
|
|
|
298.1 |
| |||
|
Reportable segment totals |
|
1,853.8 |
|
121.3 |
|
1,732.5 |
| |||
|
Other |
|
12.1 |
|
|
|
12.1 |
| |||
|
Net Sales |
|
$ |
1,865.9 |
|
$ |
121.3 |
|
$ |
1,744.6 |
|
|
|
|
|
|
|
|
|
| |||
|
Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
39.6 |
|
$ |
— |
|
$ |
39.6 |
|
|
North America |
|
32.8 |
|
|
|
32.8 |
| |||
|
South America |
|
70.0 |
|
22.1 |
|
47.9 |
| |||
|
Asia Pacific |
|
53.2 |
|
|
|
53.2 |
| |||
|
Reportable segment totals |
|
195.6 |
|
22.1 |
|
173.5 |
| |||
|
Items excluded from Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Retained corporate costs and other |
|
(17.7 |
) |
|
|
(17.7 |
) | |||
|
Restructuring and asset impairments |
|
(100.5 |
) |
(0.2 |
) |
(100.3 |
) | |||
|
Charge for Venezuela currency remeasurement |
|
(17.3 |
) |
0.3 |
|
(17.6 |
) | |||
|
Charge for asbestos |
|
(180.0 |
) |
|
|
(180.0 |
) | |||
|
Interest income |
|
7.5 |
|
2.5 |
|
5.0 |
| |||
|
Interest expense |
|
(57.1 |
) |
|
|
(57.1 |
) | |||
|
Earnings before income taxes |
|
$ |
(169.5 |
) |
$ |
24.7 |
|
$ |
(194.2 |
) |
Owens-Illinois, Inc.
Unaudited Pro Forma Segment Net Sales and Operating Profit
for the Three Months Ended September 30, 2009
|
Dollars in millions |
|
As Reported |
|
Pro Forma |
|
Pro Forma |
| |||
|
|
|
|
|
|
|
|
| |||
|
Net Sales: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
785.9 |
|
$ |
— |
|
$ |
785.9 |
|
|
North America |
|
538.5 |
|
|
|
538.5 |
| |||
|
South America |
|
290.5 |
|
110.8 |
|
179.7 |
| |||
|
Asia Pacific |
|
252.1 |
|
|
|
252.1 |
| |||
|
Reportable segment totals |
|
1,867.0 |
|
110.8 |
|
1,756.2 |
| |||
|
Other |
|
7.6 |
|
|
|
7.6 |
| |||
|
Net Sales |
|
$ |
1,874.6 |
|
$ |
110.8 |
|
$ |
1,763.8 |
|
|
|
|
|
|
|
|
|
| |||
|
Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
128.4 |
|
$ |
— |
|
$ |
128.4 |
|
|
North America |
|
82.9 |
|
|
|
82.9 |
| |||
|
South America |
|
63.6 |
|
28.4 |
|
35.2 |
| |||
|
Asia Pacific |
|
41.7 |
|
|
|
41.7 |
| |||
|
Reportable segment totals |
|
316.6 |
|
28.4 |
|
288.2 |
| |||
|
Items excluded from Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Retained corporate costs and other |
|
(13.8 |
) |
|
|
(13.8 |
) | |||
|
Restructuring and asset impairments |
|
(57.5 |
) |
(6.5 |
) |
(51.0 |
) | |||
|
Interest income |
|
6.1 |
|
2.0 |
|
4.1 |
| |||
|
Interest expense |
|
(58.6 |
) |
|
|
(58.6 |
) | |||
|
Earnings before income taxes |
|
$ |
192.8 |
|
$ |
23.9 |
|
$ |
168.9 |
|
Owens-Illinois, Inc.
Unaudited Pro Forma Segment Net Sales and Operating Profit
for the Three Months Ended June 30, 2009
|
Dollars in millions |
|
As Reported |
|
Pro Forma |
|
Pro Forma |
| |||
|
|
|
|
|
|
|
|
| |||
|
Net Sales: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
793.9 |
|
$ |
— |
|
$ |
793.9 |
|
|
North America |
|
560.5 |
|
|
|
560.5 |
| |||
|
South America |
|
249.9 |
|
95.8 |
|
154.1 |
| |||
|
Asia Pacific |
|
192.7 |
|
|
|
192.7 |
| |||
|
Reportable segment totals |
|
1,797.0 |
|
95.8 |
|
1,701.2 |
| |||
|
Other |
|
10.0 |
|
|
|
10.0 |
| |||
|
Net Sales |
|
$ |
1,807.0 |
|
$ |
95.8 |
|
$ |
1,711.2 |
|
|
|
|
|
|
|
|
|
| |||
|
Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
120.4 |
|
$ |
— |
|
$ |
120.4 |
|
|
North America |
|
103.1 |
|
|
|
103.1 |
| |||
|
South America |
|
57.0 |
|
28.9 |
|
28.1 |
| |||
|
Asia Pacific |
|
11.4 |
|
|
|
11.4 |
| |||
|
Reportable segment totals |
|
291.9 |
|
28.9 |
|
263.0 |
| |||
|
Items excluded from Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Retained corporate costs and other |
|
(23.3 |
) |
|
|
(23.3 |
) | |||
|
Restructuring and asset impairments |
|
(5.2 |
) |
|
|
(5.2 |
) | |||
|
Interest income |
|
6.5 |
|
2.7 |
|
3.8 |
| |||
|
Interest expense |
|
(57.9 |
) |
|
|
(57.9 |
) | |||
|
Earnings before income taxes |
|
$ |
212.0 |
|
$ |
31.6 |
|
$ |
180.4 |
|
Owens-Illinois, Inc.
Unaudited Pro Forma Segment Net Sales and Operating Profit
for the Three Months Ended March 31, 2009
|
Dollars in millions |
|
As Reported |
|
Pro Forma |
|
Pro Forma |
| |||
|
|
|
|
|
|
|
|
| |||
|
Net Sales: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
612.9 |
|
$ |
— |
|
$ |
612.9 |
|
|
North America |
|
494.3 |
|
|
|
494.3 |
| |||
|
South America |
|
214.0 |
|
87.0 |
|
127.0 |
| |||
|
Asia Pacific |
|
182.0 |
|
|
|
182.0 |
| |||
|
Reportable segment totals |
|
1,503.2 |
|
87.0 |
|
1,416.2 |
| |||
|
Other |
|
15.8 |
|
|
|
15.8 |
| |||
|
Net Sales |
|
$ |
1,519.0 |
|
$ |
87.0 |
|
$ |
1,432.0 |
|
|
|
|
|
|
|
|
|
| |||
|
Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Europe |
|
$ |
44.2 |
|
$ |
— |
|
$ |
44.2 |
|
|
North America |
|
62.7 |
|
|
|
62.7 |
| |||
|
South America |
|
60.0 |
|
26.5 |
|
33.5 |
| |||
|
Asia Pacific |
|
25.0 |
|
|
|
25.0 |
| |||
|
Reportable segment totals |
|
191.9 |
|
26.5 |
|
165.4 |
| |||
|
Items excluded from Segment Operating Profit: |
|
|
|
|
|
|
| |||
|
Retained corporate costs and other |
|
(11.9 |
) |
|
|
(11.9 |
) | |||
|
Restructuring and asset impairments |
|
(50.4 |
) |
|
|
(50.4 |
) | |||
|
Interest income |
|
8.5 |
|
3.7 |
|
4.8 |
| |||
|
Interest expense |
|
(48.1 |
) |
|
|
(48.1 |
) | |||
|
Earnings before income taxes |
|
$ |
90.0 |
|
$ |
30.2 |
|
$ |
59.8 |
|