OfficeMax 2005 Annual Report Download - page 101

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Corporate and Other includes corporate support staff services and related assets and liabilities.
Management evaluates the segments based on operating profits before interest expense,
income taxes, minority interest, extraordinary items and cumulative effect of accounting changes.
Certain expenses that management considers unusual or non-recurring are not allocated to the
segments. The income and expense related to certain assets and liabilities that are reported in the
Corporate and Other segment have been allocated to the Contract and Retail segments.
The segments follow the accounting principles described in Note 1, Summary of Significant
Accounting Policies. Sales between segments are recorded primarily at market prices.
No single customer accounts for 10% or more of consolidated trade sales. Export sales to
foreign unaffiliated customers were $104.0 million in 2004 and $127.2 million in 2003. There were
no such sales in 2005.
OfficeMax, Contract has foreign operations in Canada, Mexico, Australia and New Zealand.
OfficeMax, Retail has foreign operations in Mexico through a 51%-owned joint venture. Boise
Building Solutions had operations in Canada and a veneer and plywood plant in Brazil that started
up in late 2001. The Company also had a 47% interest in an oriented strand board plant in Canada,
which was accounted for under the equity method and sold in May 2004.
The following table summarizes net sales and long-lived assets by geography:
Year Ended December 31
2005 2004 2003
(millions)
Net sales
United States .................................... $7,878.6 $ 11,986.8 $ 7,291.9
Foreign ........................................ 1,279.1 1,283.4 953.2
$9,157.7 $13,270.2 $8,245.1
Long-lived assets
United States .................................... $3,910.3 $ 4,055.1 $ 4,446.1
Foreign ........................................ 316.6 323.4 333.2
$4,226.9 $ 4,378.5 $4,779.3
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