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Business Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Schedule of Segment Reporting Information by Segment | A summary of results by reportable segment for the years ended December 31 were as follows:
In millions |  | 2024 |  | 2023 |  | 2022
Americas |  |  |  |  |  |
Segment revenues |  | $ | 15,903.2 |  |  | $ | 13,832.0 |  |  | $ | 12,640.8 |
Segment cost of goods sold |  | (10,249.9) |  |  | (9,262.4) |  |  | (8,714.1) |
Segment selling and administrative expenses |  | (2,614.2) |  |  | (2,123.7) |  |  | (1,857.7) |
Segment Adjusted Operating Income |  | $ | 3,039.1 |  |  | $ | 2,445.9 |  |  | $ | 2,069.0 |
Segment depreciation and amortization |  | 299.8 |  |  | 258.8 |  |  | 256.8 |
Segment other income/(expense), net |  | (20.6) |  |  | (35.1) |  |  | 0.5 |
Segment Adjusted EBITDA |  | $ | 3,318.3 |  |  | $ | 2,669.6 |  |  | $ | 2,326.3 |
EMEA |  |  |  |  |  |
Segment revenues |  | $ | 2,556.7 |  |  | $ | 2,401.2 |  |  | $ | 2,034.5 |
Segment cost of goods sold |  | (1,641.8) |  |  | (1,584.4) |  |  | (1,408.7) |
Segment selling and administrative expenses |  | (442.1) |  |  | (392.3) |  |  | (315.5) |
Segment Adjusted Operating Income |  | $ | 472.8 |  |  | $ | 424.5 |  |  | $ | 310.3 |
Segment depreciation and amortization |  | 43.5 |  |  | 40.5 |  |  | 28.8 |
Segment other income/(expense), net |  | (11.2) |  |  | (0.3) |  |  | (1.0) |
Segment Adjusted EBITDA |  | $ | 505.1 |  |  | $ | 464.7 |  |  | $ | 338.1 |
Asia Pacific |  |  |  |  |  |
Segment revenues |  | $ | 1,378.3 |  |  | $ | 1,444.4 |  |  | $ | 1,316.4 |
Segment cost of goods sold |  | (843.2) |  |  | (935.2) |  |  | (886.9) |
Segment selling and administrative expenses |  | (226.3) |  |  | (208.4) |  |  | (197.8) |
Segment Adjusted Operating Income |  | $ | 308.8 |  |  | $ | 300.8 |  |  | $ | 231.7 |
Segment depreciation and amortization |  | 17.9 |  |  | 18.3 |  |  | 17.2 |
Segment other income/(expense), net |  | 2.6 |  |  | 2.2 |  |  | (0.6) |
Segment Adjusted EBITDA |  | $ | 329.3 |  |  | $ | 321.3 |  |  | $ | 248.3 |
In millions |  | 2024 |  | 2023 |  | 2022
Reconciliation of Segment Adjusted EBITDA and Segment Adjusted Operating Income to earnings before income taxes |  |  |  |  |  |
Total Segment Adjusted EBITDA |  | $ | 4,152.7 |  |  | $ | 3,455.6 |  |  | $ | 2,912.7 |
Total Segment depreciation and amortization |  | (361.2) |  |  | (317.6) |  |  | (302.9) |
Total Segment other income/(expense), net |  | 29.1 |  |  | 33.2 |  |  | 1.2 |
Total Segment Adjusted Operating Income |  | 3,820.6 |  |  | 3,171.2 |  |  | 2,611.0 |
Restructuring costs |  | (5.0) |  |  | (15.1) |  |  | (20.7) |
Non-cash adjustments for contingent consideration |  | 25.0 |  |  | 49.3 |  |  | 46.9 |
Insurance settlements on property claims |  | — |  |  | 10.0 |  |  | 25.0 |
Acquisition inventory step-up and backlog amortization |  | — |  |  | (18.5) |  |  | (1.2) |
Unallocated corporate expenses |  | (340.5) |  |  | (302.9) |  |  | (242.1) |
Interest expense |  | (238.4) |  |  | (234.5) |  |  | (223.5) |
Other income/(expense), net |  | (19.9) |  |  | (92.2) |  |  | (23.3) |
Earnings before income taxes |  | $ | 3,241.8 |  |  | $ | 2,567.3 |  |  | $ | 2,172.1 |
Capital Expenditures |  |  |  |  |  |
Americas |  | $ | 244.7 |  |  | $ | 217.2 |  |  | $ | 230.5 |
EMEA |  | 36.6 |  |  | 31.9 |  |  | 25.9 |
Asia Pacific |  | 16.1 |  |  | 14.3 |  |  | 11.2 |
Capital expenditures from reportable segments |  | $ | 297.4 |  |  | $ | 263.4 |  |  | $ | 267.6 |
Corporate capital expenditures |  | 73.2 |  |  | 37.3 |  |  | 24.2 |
Total capital expenditures |  | $ | 370.6 |  |  | $ | 300.7 |  |  | $ | 291.8 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | At December 31, a summary of long-lived assets by geographic area were as follows:
In millions |  | 2024 |  | 2023
United States |  | $ | 1,936.0 |  |  | $ | 1,618.6 |
Non-U.S. |  | 691.1 |  |  | 666.7 |
Total |  | $ | 2,627.1 |  |  | $ | 2,285.3 |

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- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
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- 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 + Details
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