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v3.20.2

SEGMENT INFORMATION (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2020 | Dec. 31, 2019
Segment Reporting [Abstract] |  |
Schedule of Business Segments | Business Segments
Sales | Three months ended June 30, 2020 |  | Three months ended June 30, 2019 |  | Six months ended June 30, 2020 |  | Six months ended June 30, 2019
Americas | $ | 488.1 |  |  | $ | 580.2 |  |  | $ | 957.5 |  |  | $ | 1,143.9 |
Asia Pacific | 340.6 |  |  | 352.2 |  |  | 579.6 |  |  | 633.4 |
Europe, Middle East & Africa | 210.1 |  |  | 247.1 |  |  | 427.8 |  |  | 495.7 |
| 1,038.8 |  |  | 1,179.5 |  |  | 1,964.9 |  |  | 2,273.0 |
Eliminations | (33.1) |  |  | (45.4) |  |  | (61.9) |  |  | (84.1) |
Total | $ | 1,005.7 |  |  | $ | 1,134.1 |  |  | $ | 1,903.0 |  |  | $ | 2,188.9 |
Intersegment sales | Three months ended June 30, 2020 |  | Three months ended June 30, 2019 |  | Six months ended June 30, 2020 |  | Six months ended June 30, 2019
Americas | $ | 3.4 |  |  | $ | 5.1 |  |  | $ | 6.1 |  |  | $ | 14.2 |
Asia Pacific | 17.8 |  |  | 28.9 |  |  | 32.9 |  |  | 51.1 |
Europe, Middle East & Africa | 11.9 |  |  | 11.4 |  |  | 22.9 |  |  | 18.8 |
Total | $ | 33.1 |  |  | $ | 45.4 |  |  | $ | 61.9 |  |  | $ | 84.1 |
Earnings (loss) before income taxes | Three months ended June 30, 2020 |  | Three months ended June 30, 2019 |  | Six months ended June 30, 2020 |  | Six months ended June 30, 2019
Americas | $ | 95.5 |  |  | $ | 101.1 |  |  | $ | 157.0 |  |  | $ | 188.1 |
Asia Pacific | 44.5 |  |  | 46.2 |  |  | 58.1 |  |  | 66.6 |
Europe, Middle East & Africa | 19.9 |  |  | 16.7 |  |  | 35.7 |  |  | 37.3 |
| 159.9 |  |  | 164.0 |  |  | 250.8 |  |  | 292.0 |
Corporate and other | (89.3) |  |  | (88.2) |  |  | (366.4) |  |  | (194.4) |
Interest expense, net | (30.1) |  |  | (78.7) |  |  | (99.1) |  |  | (156.4) |
Income (loss) before income taxes | $ | 40.5 |  |  | $ | (2.9) |  |  | $ | (214.7) |  |  | $ | (58.8) |
Total Assets | June 30, 2020 |  | December 31, 2019
Americas | $ | 2,207.3 |  |  | $ | 2,296.4 |
Asia Pacific | 1,149.6 |  |  | 1,152.2 |
Europe, Middle East & Africa | 944.7 |  |  | 947.5 |
| 4,301.6 |  |  | 4,396.1 |
Corporate and other | 428.3 |  |  | 261.3 |
Total | $ | 4,729.9 |  |  | $ | 4,657.4 |
Sales by Products and Services Offering | Three months ended June 30, 2020 |  | Three months ended June 30, 2019 (1) |  | Six months ended June 30, 2020 |  | Six months ended June 30, 2019 (1)
Critical infrastructure & solutions | $ | 552.2 |  |  | $ | 636.4 |  |  | $ | 1,013.7 |  |  | $ | 1,245.4 |
Services & spares | 315.7 |  |  | 336.7 |  |  | 621.9 |  |  | 642.9 |
Integrated rack solutions | 137.8 |  |  | 161.0 |  |  | 267.4 |  |  | 300.6 |
Total | $ | 1,005.7 |  |  | $ | 1,134.1 |  |  | $ | 1,903.0 |  |  | $ | 2,188.9 |
(1)Beginning in the second quarter of 2020, sales were moved within product and service offering categories to reflect a strategic realignment within the Company's matrix organizational structure. Comparative results for Critical infrastructure & solutions, Services & spares and Integrated rack solutions for the three months ended June 30, 2019 have been adjusted by $(36.2), $10.8, and $25.4, respectively, to reflect this modification. Comparative results for Critical infrastructure & solutions, Services & spares and Integrated rack solutions for the six months ended June 30, 2019 have been adjusted by $(65.8), $10.7, and $55.1, respectively, to reflect this modification. |
|  | December 31, |  | December 31, |  | December 31,
Sales |  | 2019 |  | 2018 |  | 2017
Americas |  | $ | 2,251.4 |  | $ | 2,175.6 |  | $ | 1,886.7
Asia Pacific |  |  | 1,378.0 |  |  | 1,346.9 |  |  | 1,239.5
Europe, Middle East & Africa |  |  | 976.0 |  |  | 938.0 |  |  | 918.1
|  |  | 4,605.4 |  |  | 4,460.5 |  |  | 4,044.3
Eliminations |  |  | (174.2) |  |  | (174.9) |  |  | (164.9)
Total |  | $ | 4,431.2 |  | $ | 4,285.6 |  | $ | 3,879.4
Schedule of earnings (loss) from Continuing Operations before income taxes |  |
|  | December 31, |  | December 31, |  | December 31,
Earnings (loss) from Continuing Operations before income taxes |  | 2019 |  | 2018(1) |  | 2017(1)
Americas |  | $ | 354.3 |  | $ | 301.0 |  | $ | 241.8
Asia Pacific |  |  | 150.0 |  |  | 136.6 |  |  | 64.2
Europe, Middle East & Africa |  |  | 64.3 |  |  | 29.8 |  |  | 45.4
|  |  | 568.6 |  |  | 467.4 |  |  | 351.4
Corporate and other |  |  | (362.5) |  |  | (449.6) |  |  | (379.2)
Interest expense, net |  |  | (310.4) |  |  | (288.8) |  |  | (379.3)
Total |  | $ | (104.3) |  | $ | (271.0) |  | $ | (407.1)
| (1) |  | Beginning with the first quarter of 2019, the segment performance measure excludes certain costs that support global product platform development and digital as a result of a change in the way we evaluate the performance of operations, develop strategy and allocate capital resources. Such costs are now included in Corporate and other. Comparative segment measurements for the years ended December 31, 2018 and 2017 have been adjusted by $156.4 and $159.6 in Americas, $16.8 and $14.4 in APAC, and $35.6 and $32.4 in EMEA, respectively, to reflect this modification.
Schedule of total Assets |  |
|  | December 31, |  | December 31,
Total Assets |  | 2019 |  | 2018
Americas |  | $ | 2,296.4 |  | $ | 2,410.1
Asia Pacific |  |  | 1,152.2 |  |  | 1,165.5
Europe, Middle East & Africa |  |  | 947.5 |  |  | 980.3
|  |  | 4,396.1 |  |  | 4,555.9
Corporate and other |  |  | 261.3 |  |  | 238.5
Total |  | $ | 4,657.4 |  | $ | 4,794.4
Schedule of Intersegment sales |  |
|  | December 31, |  | December 31, |  | December 31,
Intersegment sales |  | 2019 |  | 2018 |  | 2017
Americas |  | $ | 22.3 |  | $ | 29.9 |  | $ | 25.3
Asia Pacific |  |  | 100.0 |  |  | 102.7 |  |  | 90.5
Europe, Middle East & Africa |  |  | 51.9 |  |  | 42.3 |  |  | 49.1
Total |  | $ | 174.2 |  | $ | 174.9 |  | $ | 164.9
Schedule of Depreciation and Amortization |  |
|  | December 31, |  | December 31, |  | December 31,
Depreciation and Amortization |  | 2019 |  | 2018 |  | 2017
Americas |  | $ | 122.2 |  | $ | 130.7 |  | $ | 178.1
Asia Pacific |  |  | 35.4 |  |  | 37.8 |  |  | 67.1
Europe, Middle East & Africa |  |  | 24.0 |  |  | 35.8 |  |  | 39.9
Corporate and other |  |  | 21.3 |  |  | 12.7 |  |  | 0.9
Total |  | $ | 202.9 |  | $ | 217.0 |  | $ | 286.0
Schedule of Capital Expenditures |  |
|  | December 31, |  | December 31, |  | December 31,
Capital Expenditures |  | 2019 |  | 2018 |  | 2017
Americas |  | $ | 23.5 |  | $ | 23.6 |  | $ | 13.8
Asia Pacific |  |  | 11.3 |  |  | 14.5 |  |  | 8.9
Europe, Middle East & Africa |  |  | 10.0 |  |  | 21.7 |  |  | 13.4
Corporate and other |  |  | 2.8 |  |  | 4.8 |  |  | 0.6
Total |  | $ | 47.6 |  | $ | 64.6 |  | $ | 36.7
Schedule of Sales by Destination |  |
|  | December 31, |  | December 31, |  | December 31,
Sales by Destination |  | 2019 |  | 2018 |  | 2017
United States and Canada |  | $ | 2,017.4 |  | $ | 1,942.3 |  | $ | 1,692.0
Europe |  |  | 763.9 |  |  | 740.8 |  |  | 704.9
Asia |  |  | 1,285.6 |  |  | 1,264.9 |  |  | 1,159.7
Latin America |  |  | 213.0 |  |  | 195.9 |  |  | 174.4
Middle East/Africa |  |  | 151.3 |  |  | 141.7 |  |  | 148.4
Total |  | $ | 4,431.2 |  | $ | 4,285.6 |  | $ | 3,879.4
Schedule of Sales by Product and Service Offering |  |
|  | December 31, |  | December 31, |  | December 31,
Sales |  | 2019 |  | 2018 (2) |  | 2017 (2)
Critical infrastructure & solutions |  | $ | 2,632.6 |  | $ | 2,451.8 |  | $ | 2,136.5
Service & software solutions (3) |  |  | 1,298.9 |  |  | 1,276.1 |  |  | 1,215.9
I.T. and Edge infrastructure |  |  | 499.7 |  |  | 557.7 |  |  | 527.0
Total |  | $ | 4,431.2 |  | $ | 4,285.6 |  | $ | 3,879.4
| (1) |  | Beginning with the first quarter of 2019, we revised our sales by product and service offering categories from four categories to three. Product and service offerings have been adjusted for years ended December 31, 2018 and 2017 to reflect this modification.
Includes product sales managed within the service and software solutions line of business for internal purposes.

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