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| | | | F-1 |
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Fiscal Year
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| |
First Two Fiscal Quarters
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2015
|
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2014
|
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2013
|
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2012
|
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2011
|
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2016
|
| |
2015
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Ratio | | | | | 1.5 | | | | | | 1.2 | | | | | | 1.3 | | | | | | 1.0 | | | | | | (0.0) | | | | | | 1.6 | | | | | | 1.6 | | |
| By Registered or Certified Mail: | | | U.S. Bank National Association | |
| | | | Attn: Corporate Actions 111 Fillmore Avenue St. Paul, MN 55107-1402 |
|
| By Overnight Courier or Regular Mail: | | | U.S. Bank National Association | |
| | | | Attn: Corporate Actions 111 Fillmore Avenue St. Paul, MN 55107-1402 |
|
| By Hand Delivery: | | | U.S. Bank National Association | |
| | | | Attn: Corporate Actions 111 Fillmore Avenue St. Paul, MN 55107-1402 Confirm by Telephone: (651) 466-7367 |
|
Period
|
| |
Redemption
Price |
| |||
2018
|
| | | | 103.000% | | |
2019
|
| | | | 101.500% | | |
2020 and thereafter
|
| | | | 100.000% | | |
| | |
Polyethylene Butene Film
|
| |
Polypropylene
|
| ||||||||||||||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
2013
|
| |
2015
|
| |
2014
|
| |
2013
|
| ||||||||||||||||||
1st quarter
|
| | |
$
|
.86
|
| | | | $ | .82 | | | | | $ | .69 | | | | |
$
|
.92
|
| | | | $ | .89 | | | | | $ | .76 | | |
2nd quarter
|
| | |
|
.75
|
| | | | | .85 | | | | | | .74 | | | | |
|
.73
|
| | | | | .95 | | | | | | .96 | | |
3rd quarter
|
| | |
|
.76
|
| | | | | .86 | | | | | | .77 | | | | |
|
.68
|
| | | | | .91 | | | | | | .84 | | |
4th quarter
|
| | |
|
.73
|
| | | | | .87 | | | | | | .79 | | | | |
|
.66
|
| | | | | .92 | | | | | | .89 | | |
Consolidated Overview
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Net sales
|
| | |
$
|
4,881
|
| | | | $ | 4,958 | | | | | $ | (77) | | | | | | (2)% | | |
Operating income
|
| | |
$
|
408
|
| | | | $ | 316 | | | | | $ | 92 | | | | | | 29% | | |
Operating income percentage of net sales
|
| | |
|
8%
|
| | | | | 6% | | | | |
Consumer Packaging
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Net sales
|
| | |
$
|
2,870
|
| | | | $ | 2,904 | | | | | $ | (34) | | | | | | (1)% | | |
Operating income
|
| | |
$
|
229
|
| | | | $ | 164 | | | | | $ | 65 | | | | | | 40% | | |
Operating income percentage of net sales
|
| | |
|
8%
|
| | | | | 6% | | | | |
Health, Hygiene & Specialties
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Net sales
|
| | |
$
|
502
|
| | | | $ | 450 | | | | | $ | 52 | | | | | | 12% | | |
Operating income
|
| | |
$
|
31
|
| | | | $ | 20 | | | | | $ | 11 | | | | | | 55% | | |
Operating income percentage of net sales
|
| | |
|
6%
|
| | | | | 4% | | | | |
Engineered Materials
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Net sales
|
| | |
$
|
1,509
|
| | | | $ | 1,604 | | | | | $ | (95) | | | | | | (6)% | | |
Operating income
|
| | |
$
|
148
|
| | | | $ | 132 | | | | | $ | 16 | | | | | | 12% | | |
Operating income percentage of net sales
|
| | |
|
10%
|
| | | | | 8% | | | | |
Debt extinguishment
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Debt extinguishment
|
| | |
$
|
94
|
| | | | $ | 35 | | | | | $ | 59 | | | | | | 169% | | |
Other expense (income), net
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Other expense (income), net
|
| | |
$
|
1
|
| | | | $ | (7) | | | | | $ | 8 | | | | | | 114% | | |
Interest expense
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Interest expense, net
|
| | |
$
|
191
|
| | | | $ | 221 | | | | | $ | (30) | | | | | | (14)% | | |
Income tax expense
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2015
|
| |
2014
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Income tax expense
|
| | |
$
|
36
|
| | | | $ | 4 | | | | | $ | 32 | | | | | | 800% | | |
Consolidated Overview
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2014
|
| |
2013
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Net sales
|
| | |
$
|
4,958
|
| | | | $ | 4,647 | | | | | $ | 311 | | | | | | 7% | | |
Operating income
|
| | |
$
|
316
|
| | | | $ | 386 | | | | | $ | (70) | | | | | | (18)% | | |
Operating income percentage of net sales
|
| | |
|
6%
|
| | | | | 8% | | | | |
Consumer Packaging
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2014
|
| |
2013
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Net sales
|
| | |
$
|
2,904
|
| | | | $ | 2,791 | | | | | $ | 113 | | | | | | 4% | | |
Operating income
|
| | |
$
|
164
|
| | | | $ | 258 | | | | | $ | (94) | | | | | | (36)% | | |
Operating income percentage of net sales
|
| | |
|
6%
|
| | | | | 9% | | | | |
Health, Hygiene & Specialties
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2014
|
| |
2013
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Net sales
|
| | |
$
|
450
|
| | | | $ | 353 | | | | | $ | 97 | | | | | | 27% | | |
Operating income
|
| | |
$
|
20
|
| | | | $ | 8 | | | | | $ | 12 | | | | | | 150% | | |
Operating income percentage of net sales
|
| | |
|
4%
|
| | | | | 2% | | | | |
Engineered Materials
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2014
|
| |
2013
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Net sales
|
| | |
$
|
1,604
|
| | | | $ | 1,503 | | | | | $ | 101 | | | | | | 7% | | |
Operating income
|
| | |
$
|
132
|
| | | | $ | 120 | | | | | $ | 12 | | | | | | 10% | | |
Operating income percentage of net sales
|
| | |
|
8%
|
| | | | | 8% | | | | |
Debt extinguishment
|
| |
Fiscal Year
|
| | | |||||||||||||||||||
| | |
2014
|
| |
2013
|
| |
$ Change
|
| |
% Change
|
| ||||||||||||
Debt extinguishment
|
| | |
$
|
35
|
| | | | $ | 64 | | | | | $ | (29) | | | | | | (45)% | | |