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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Summary of Operations by Reportable Segments
A summary of results by reportable segment for the three months ended March 31 were as follows:
Three months ended
In millions20252024
Americas
Segment revenues$3,800.7 $3,334.8 
Segment cost of goods sold(2,436.9)(2,191.6)
Segment selling and administrative expenses(687.2)(598.0)
Segment Adjusted Operating Income$676.6 $545.2 
Segment depreciation and amortization79.1 72.1 
Segment other income/(expense), net(2.2)(12.5)
Segment Adjusted EBITDA$753.5 $604.8 
EMEA
Segment revenues$573.5 $553.4 
Segment cost of goods sold(375.1)(352.8)
Segment selling and administrative expenses(115.0)(104.9)
Segment Adjusted Operating Income$83.4 $95.7 
Segment depreciation and amortization10.7 10.9 
Segment other income/(expense), net(2.0)(7.2)
     Segment Adjusted EBITDA $92.1 $99.4 
Asia Pacific
Segment revenues$314.3 $327.3 
Segment cost of goods sold(193.0)(205.8)
Segment selling and administrative expenses(54.8)(55.1)
Segment Adjusted Operating Income$66.5 $66.4 
Segment depreciation and amortization4.0 4.4 
Segment other income/(expense), net0.3 — 
Segment Adjusted EBITDA$70.8 $70.8 
A reconciliation of Segment Adjusted EBITDA and Segment Adjusted Operating Income to earnings before income taxes for the three months ended March 31 was as follows:
Three months ended
In millions20252024
Total Segment Adjusted EBITDA$916.4 $775.0 
Total Segment depreciation and amortization(93.8)(87.4)
Total Segment other income/(expense), net3.9 19.7 
Total Segment Adjusted Operating Income826.5 707.3 
Restructuring costs— (4.7)
Non-cash adjustment for contingent consideration61.2 — 
Unallocated corporate expenses(68.8)(68.8)
Interest expense(58.1)(58.1)
Other income/(expense), net(7.9)(25.0)
Earnings before income taxes$752.9 $550.7