J M SMUCKER Co - FORM 8-K - EX-99.1 - July 25, 2016

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Exhibit 99.1

The J. M. Smucker Company
Unaudited Reportable Segments Supplemental Information
(Revised to Reflect the New Segment Profit Definition)

 
Three Months Ended
July 31,

 
2015
 
2014
 
(Dollars in millions)
Segment profit:
 
 
 
U.S. Retail Coffee
$
173.8

 
$
155.8

U.S. Retail Consumer Foods
119.4

 
119.5

U.S. Retail Pet Foods
116.8

 
—

International and Foodservice
36.1

 
35.8

Total segment profit
$
446.1

 
$
311.1

Amortization
(53.0
)
 
(24.9
)
Interest expense – net
(44.4
)
 
(17.4
)
Unallocated derivative losses
(10.0
)
 
(21.4
)
Cost of products sold – special project costs (A)
(3.1
)
 
(0.4
)
Other special project costs (A)
(22.9
)
 
(8.6
)
Corporate administrative expenses
(90.0
)
 
(64.2
)
Other income – net
0.1

 
1.3

Income before income taxes
$
222.8

 
$
175.5


 
Three Months Ended
October 31,
 
Six Months Ended
October 31,
 
2015
 
2014
 
2015
 
2014
 
(Dollars in millions)
Segment profit:
 
 
 
 
 
 
 
U.S. Retail Coffee
$
180.4

 
$
169.4

 
$
354.2

 
$
325.2

U.S. Retail Consumer Foods
127.3

 
127.3

 
246.7

 
246.8

U.S. Retail Pet Foods
115.0

 
—

 
231.8

 
—

International and Foodservice
55.6

 
42.9

 
91.7

 
78.7

Total segment profit
$
478.3

 
$
339.6

 
$
924.4

 
$
650.7

Amortization
(53.0
)
 
(25.2
)
 
(106.0
)
 
(50.1
)
Interest expense – net
(42.6
)
 
(16.2
)
 
(87.0
)
 
(33.6
)
Unallocated derivative gains (losses)
6.0

 
7.6

 
(4.0
)
 
(13.8
)
Cost of products sold – special project costs (A)
(3.0
)
 
(0.3
)
 
(6.1
)
 
(0.7
)
Other special project costs (A)
(30.6
)
 
(2.8
)
 
(53.5
)
 
(11.4
)
Corporate administrative expenses
(83.9
)
 
(64.1
)
 
(173.9
)
 
(128.3
)
Other (expense) income – net
(1.6
)
 
0.3

 
(1.5
)
 
1.6

Income before income taxes
$
269.6

 
$
238.9

 
$
492.4

 
$
414.4

(A) Special project costs includes merger and integration and restructuring costs.




The J. M. Smucker Company
Unaudited Reportable Segments Supplemental Information
(Revised to Reflect the New Segment Profit Definition)

 
Three Months Ended
January 31,
 
Nine Months Ended
January 31,
 
2016
 
2015
 
2016
 
2015
 
(Dollars in millions)
Segment profit:
 
 
 
 
 
 
 
U.S. Retail Coffee
$
194.6

 
$
168.7

 
$
548.8

 
$
493.9

U.S. Retail Consumer Foods
129.1

 
122.4

 
375.8

 
369.2

U.S. Retail Pet Foods
124.0

 
—

 
355.8

 
—

International and Foodservice
48.9

 
47.0

 
140.6

 
125.7

Total segment profit
$
496.6

 
$
338.1

 
$
1,421.0

 
$
988.8

Amortization
(52.2
)
 
(25.2
)
 
(158.2
)
 
(75.3
)
Interest expense – net
(43.6
)
 
(16.8
)
 
(130.6
)
 
(50.4
)
Unallocated derivative gains (losses)
6.7

 
13.4

 
2.7

 
(0.4
)
Cost of products sold – special project costs (A)
(3.1
)
 
(0.4
)
 
(9.2
)
 
(1.1
)
Other special project costs (A)
(41.4
)
 
(5.9
)
 
(94.9
)
 
(17.3
)
Corporate administrative expenses
(88.3
)
 
(64.9
)
 
(262.2
)
 
(193.2
)
Other income (expense) – net
0.6

 
0.1

 
(0.9
)
 
1.7

Income before income taxes
$
275.3

 
$
238.4

 
$
767.7

 
$
652.8


 
Three Months Ended
April 30,
 
Year Ended
April 30,
 
2016
 
2015
 
2016
 
2015
 
(Dollars in millions)
Segment profit (loss):
 
 
 
 
 
 
 
U.S. Retail Coffee
$
173.8

 
$
129.3

 
$
722.6

 
$
623.2

U.S. Retail Consumer Foods
91.7

 
96.8

 
467.5

 
466.0

U.S. Retail Pet Foods
138.1

 
(6.4
)
 
493.9

 
(6.4
)
International and Foodservice
38.4

 
35.9

 
179.0

 
161.6

Total segment profit
$
442.0

 
$
255.6

 
$
1,863.0

 
$
1,244.4

Amortization
(50.2
)
 
(35.6
)
 
(208.4
)
 
(110.9
)
Interest expense – net
(40.5
)
 
(29.5
)
 
(171.1
)
 
(79.9
)
Other debt costs
—

 
(173.3
)
 
—

 
(173.3
)
Unallocated derivative gains (losses)
9.3

 
(24.1
)
 
12.0

 
(24.5
)
Cost of products sold – special project costs (A)
(3.0
)
 
(5.1
)
 
(12.2
)
 
(6.2
)
Other special project costs (A)
(41.0
)
 
(39.3
)
 
(135.9
)
 
(56.6
)
Corporate administrative expenses
(111.0
)
 
(81.0
)
 
(373.2
)
 
(274.2
)
Other income – net
4.6

 
2.5

 
3.7

 
4.2

Income (loss) before income taxes
$
210.2

 
$
(129.8
)
 
$
977.9

 
$
523.0

(A) Special project costs includes merger and integration and restructuring costs.




J M SMUCKER Co Reports