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SEGMENT INFORMATION (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Segment Reporting [Abstract]    
Schedule of Business Segments
Business Segments
SalesThree months ended June 30, 2020Three months ended June 30, 2019Six months ended June 30, 2020Six months ended June 30, 2019
Americas$488.1  $580.2  $957.5  $1,143.9  
Asia Pacific340.6  352.2  579.6  633.4  
Europe, Middle East & Africa210.1  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 salesThree months ended June 30, 2020Three months ended June 30, 2019Six months ended June 30, 2020Six months ended June 30, 2019
Americas$3.4  $5.1  $6.1  $14.2  
Asia Pacific17.8  28.9  32.9  51.1  
Europe, Middle East & Africa11.9  11.4  22.9  18.8  
Total$33.1  $45.4  $61.9  $84.1  
Earnings (loss) before income taxesThree months ended June 30, 2020Three months ended June 30, 2019Six months ended June 30, 2020Six months ended June 30, 2019
Americas$95.5  $101.1  $157.0  $188.1  
Asia Pacific44.5  46.2  58.1  66.6  
Europe, Middle East & Africa19.9  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 AssetsJune 30, 2020December 31, 2019
Americas$2,207.3  $2,296.4  
Asia Pacific1,149.6  1,152.2  
Europe, Middle East & Africa944.7  947.5  
4,301.6  4,396.1  
Corporate and other428.3  261.3  
Total$4,729.9  $4,657.4  

Sales by Products and Services OfferingThree 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 & spares315.7  336.7  621.9  642.9  
Integrated rack solutions137.8  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.