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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Summary of Operations by Reportable Segments

A summary of operations by reportable segment for the three and six months ended June 30 was as follows:

			Three months ended												Six months ended
In millions			2024						2023						2024						2023
Net revenues
Americas			$	4,290.9					$	3,692.5					$	7,625.8					$	6,553.5
EMEA			645.3						617.6						1,198.7						1,128.2
Asia Pacific			371.2						394.6						698.5						688.9
Total Net revenues			$	5,307.4					$	4,704.7					$	9,523.0					$	8,370.6
Segment Adjusted EBITDA
Americas			$	978.2					$	791.3					$	1,583.0					$	1,247.1
EMEA			131.0						117.8						230.4						212.2
Asia Pacific			94.8						86.6						165.7						143.9
Total Segment Adjusted EBITDA			$	1,204.0					$	995.7					$	1,979.1					$	1,603.2
Reconciliation of Segment Adjusted EBITDA to earnings before income taxes
Total Segment Adjusted EBITDA			$	1,204.0					$	995.7					$	1,979.1					$	1,603.2
Interest expense			(57.5)						(61.6)						(115.5)						(119.2)
Depreciation and amortization			(96.2)						(88.4)						(187.7)						(168.2)
Restructuring costs			(0.8)						(1.5)						(5.5)						(7.8)
Non-cash adjustment for contingent consideration			8.9						52.0						8.9						49.3
Impairment of an equity investment			—						(52.2)						—						(52.2)
Acquisition inventory step-up			—						(2.6)						—						(4.7)
Unallocated corporate expenses			(85.8)						(75.0)						(156.0)						(144.2)
Earnings before income taxes			$	972.6					$	766.4					$	1,523.3					$	1,156.2

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- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

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X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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