| Selected Financial Information by Reportable Segment |
Selected financial information by reportable segment was as follows (dollars in millions): | | | | | | | | | | | | | | | | | | | | | Sales, net | | Operating Income (Loss) | | Three Months Ended September 30, 2016 | | Trade | | Inter-segment | | Total | | | Packaging | | $ | 1,165.0 |
| | $ | 2.1 |
| | $ | 1,167.1 |
| | $ | 179.6 |
| (a) | Paper | | 292.8 |
| | — |
| | 292.8 |
| | 44.5 |
| (a) | Corporate and Other | | 26.2 |
| | 36.7 |
| | 62.9 |
| | (17.7 | ) | | Intersegment eliminations | | — |
| | (38.8 | ) | | (38.8 | ) | | — |
| | | | $ | 1,484.0 |
| | $ | — |
| | $ | 1,484.0 |
| | 206.4 |
| | Interest expense, net | | | | | | | | (23.4 | ) | | Income before taxes | | | | | | | | $ | 183.0 |
| |
| | | | | | | | | | | | | | | | | | | | | Sales, net | | Operating Income (Loss) | | Three Months Ended September 30, 2015 | | Trade | | Inter-segment | | Total | | | Packaging | | $ | 1,144.0 |
| | $ | 0.4 |
| | $ | 1,144.4 |
| | $ | 198.2 |
| (b) | Paper | | 291.9 |
| | — |
| | 291.9 |
| | 39.5 |
| (c) | Corporate and Other | | 34.9 |
| | 36.3 |
| | 71.2 |
| | (18.3 | ) | (d) | Intersegment eliminations | | — |
| | (36.7 | ) | | (36.7 | ) | | — |
| | | | $ | 1,470.8 |
| | $ | — |
| | $ | 1,470.8 |
| | 219.4 |
| | Interest expense, net | | | | | | | | (21.7 | ) | | Income before taxes | | | | | | | | $ | 197.7 |
| |
| | | | | | | | | | | | | | | | | | | | | Sales, net | | Operating Income (Loss) | | Nine Months Ended September 30, 2016 | | Trade | | Inter-segment | | Total | | | Packaging | | $ | 3,382.4 |
| | $ | 5.5 |
| | $ | 3,387.9 |
| | $ | 533.5 |
| (a) | Paper | | 840.1 |
| | — |
| | 840.1 |
| | 105.0 |
| (a) | Corporate and Other | | 79.9 |
| | 105.7 |
| | 185.6 |
| | (51.1 | ) | (a) | Intersegment eliminations | | — |
| | (111.2 | ) | | (111.2 | ) | | — |
| | | | $ | 4,302.4 |
| | $ | — |
| | $ | 4,302.4 |
| | 587.4 |
| | Interest expense | | | | | | | | (67.5 | ) | | Income before taxes | | | | | | | | $ | 519.9 |
| |
| | | | | | | | | | | | | | | | | | | | | Sales, net | | Operating Income (Loss) | | Nine Months Ended September 30, 2015 | | Trade | | Inter-segment | | Total | | | Packaging | | $ | 3,382.8 |
| | $ | 3.1 |
| | $ | 3,385.9 |
| | $ | 533.9 |
| (b) | Paper | | 870.3 |
| | — |
| | 870.3 |
| | 98.6 |
| (c) | Corporate and Other | | 97.7 |
| | 101.0 |
| | 198.7 |
| | (58.4 | ) | (d) | Intersegment eliminations | | — |
| | (104.0 | ) | | (104.0 | ) | | — |
| | | | $ | 4,350.8 |
| | $ | — |
| | $ | 4,350.8 |
| | 574.1 |
| | Interest expense | | | | | | | | (63.2 | ) | | Income before taxes | | | | | | | | $ | 510.9 |
| |
___________ | | (a) | The three and nine months ended September 30, 2016 include $2.0 million and $6.5 million, respectively, of closure costs related to corrugated products facilities and a paper products facility. The closure costs are recorded within "Other income (expense), net" and "Cost of sales", as appropriate. |
The three and nine months ended September 30, 2016 include $2.9 million and $3.2 million of acquisition-related costs for the TimBar Corporation acquisition, which we recorded in "Other income (expense), net". The nine months ended September 30, 2016 include $0.9 million of costs related to our withdrawal from a multiemployer pension plan for one of our corrugated products facilities. | | (b) | The three and nine months ended September 30, 2015 include $3.8 million of income and $5.4 million of expense, respectively, related to restructuring charges at our mill in DeRidder, Louisiana, which were recorded in "Other income (expense), net" and "Cost of sales", as appropriate. |
The nine months ended September 30, 2015 include $2.7 million of Boise acquisition integration-related and other costs, respectively. These costs primarily relate to professional fees, severance, retention, relocation, travel, and other integration-related costs, and are mostly recorded in "Other income (expense), net". | | (c) | In September 2015, we sold the remaining land, buildings, and equipment at our paper mill site in St. Helens, Oregon, where we ceased paper production in December 2012. We recorded a $6.7 million gain on the sale, in "Other income (expense), net". |
| | (d) | The three and nine months ended September 30, 2015 include $2.4 million and $6.9 million, respectively, of Boise acquisition integration-related and other costs, mostly recorded in "Other income (expense), net". |
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