XML 62 R47.htm IDEA: XBRL DOCUMENT
v3.20.4

Segment Information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Segment Reporting [Abstract] |
Schedule of Sales by Significant Product Group | The following table presents net sales information about our reportable segments, reconciled to consolidated totals:
($ in millions) | 2020 |  | 2019 |  | 2018
Net sales: |  |  |  |  |
Proprietary Products | $ | 1,648.6 |  |  | $ | 1,398.6 |  |  | $ | 1,308.6 |
Contract-Manufactured Products | 498.6 |  |  | 441.5 |  |  | 409.1 |
Intersegment sales elimination | (0.3) |  |  | (0.2) |  |  | (0.3) |
Consolidated net sales | $ | 2,146.9 |  |  | $ | 1,839.9 |  |  | $ | 1,717.4 |
Schedule of Sales and Long-Lived Assets, by Geographical Areas | The following table presents net sales and long-lived assets, by the country in which the legal subsidiary is domiciled and assets are located:
| Net Sales |  | Long-Lived Assets
($ in millions) | 2020 |  | 2019 |  | 2018 |  | 2020 |  | 2019
United States | $ | 975.6 |  |  | $ | 814.7 |  |  | $ | 766.1 |  |  | $ | 407.8 |  |  | $ | 364.7 |
Germany | 282.1 |  |  | 236.3 |  |  | 235.9 |  |  | 112.0 |  |  | 105.5 |
Ireland | 226.0 |  |  | 173.8 |  |  | 138.1 |  |  | 197.6 |  |  | 176.6 |
France | 172.7 |  |  | 150.6 |  |  | 145.0 |  |  | 76.0 |  |  | 53.8 |
Other European countries | 236.8 |  |  | 251.1 |  |  | 230.5 |  |  | 66.8 |  |  | 59.7 |
Other | 253.7 |  |  | 213.4 |  |  | 201.8 |  |  | 151.3 |  |  | 149.1 |
| $ | 2,146.9 |  |  | $ | 1,839.9 |  |  | $ | 1,717.4 |  |  | $ | 1,011.5 |  |  | $ | 909.4 |
Schedule of Segment Reporting Information, by Segment |
The following tables provide summarized financial information for our segments: |
($ in millions) | 2020 |  | 2019 |  | 2018 |
Proprietary Products | $ | 434.5 |  |  | $ | 313.6 |  |  | $ | 266.4 |  |
Contract-Manufactured Products | 68.6 |  |  | 49.1 |  |  | 44.3 |  |
Total business segment operating profit | $ | 503.1 |  |  | $ | 362.7 |  |  | $ | 310.7 |  |
Corporate and Unallocated |  |  |  |  |  |
Stock-based compensation expense | $ | (34.0) |  |  | $ | (24.4) |  |  | $ | (15.1) |  |
Corporate general costs (1) | (52.1) |  |  | (41.9) |  |  | (46.2) |  |
Unallocated Items: |  |  |  |  |  |
Restructuring and severance related charges | (7.0) |  |  | (4.9) |  |  | (9.1) |  |
Amortization of Acquisition-related Intangible Assets (2) | (0.6) |  |  | — |  |  | — |  |
Cost investment impairment | (2.5) |  |  | — |  |  | — |  |
Gain on restructuring-related sale of assets | — |  |  | 1.7 |  |  | 1.1 |  |
Argentina currency devaluation | — |  |  | (1.0) |  |  | (1.1) |  |
Tax recovery (3) | — |  |  | 4.4 |  |  | — |  |
Total Corporate and Unallocated | (96.2) |  |  | (66.1) |  |  | (70.4) |  |
Total consolidated operating profit | $ | 406.9 |  |  | $ | 296.6 |  |  | $ | 240.3 |  |
Other expense/(income), net | 5.6 |  |  | 4.8 |  |  | (0.4) |  |
Income before income taxes | $ | 401.3 |  |  | $ | 291.8 |  |  | $ | 240.7 |  |
(1) Corporate general costs includes executive and director compensation, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments. (2) The Company recorded $0.6 million of amortization expense within operating profit associated with an acquisition of an intangible asset during the second quarter of 2020. (3) During the twelve months ended December 31, 2019, the Company recorded a net tax recovery of $4.4 million related to previously-paid international excise taxes, following a favorable court ruling. The following tables provide summarized financial information for our two reportable segments and corporate and unallocated:
($ in millions) |  |  |
Assets | 2020 |  | 2019
Proprietary Products | $ | 1,798.3 |  |  | $ | 1,480.6 |
Contract-Manufactured Products | 411.6 |  |  | 386.0 |
Corporate and Unallocated | 583.9 |  |  | 474.8 |
Total consolidated | $ | 2,793.8 |  |  | $ | 2,341.4 |
($ in millions) |  |  |  |  |
Depreciation and Amortization | 2020 |  | 2019 |  | 2018
Proprietary Products | $ | 84.6 |  |  | $ | 82.2 |  |  | $ | 83.9 |
Contract-Manufactured Products | 20.4 |  |  | 17.9 |  |  | 17.2 |
Corporate and Unallocated | 4.1 |  |  | 3.3 |  |  | 3.3 |
Total consolidated | $ | 109.1 |  |  | $ | 103.4 |  |  | $ | 104.4 |
($ in millions) |  |  |  |  |
Capital Expenditures | 2020 |  | 2019 |  | 2018
Proprietary Products | $ | 139.5 |  |  | $ | 88.7 |  |  | $ | 79.1 |
Contract-Manufactured Products | 25.0 |  |  | 36.1 |  |  | 24.3 |
Corporate and Unallocated | 9.9 |  |  | 1.6 |  |  | 1.3 |
Total consolidated | $ | 174.4 |  |  | $ | 126.4 |  |  | $ | 104.7 |

X
- Definition Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 + Details
Name: | us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration