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v3.19.2

Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2019
Segment Reporting [Abstract] |
Total assets and long-lived assets by segment | The following table summarizes total assets by segment:
(in millions) | June 30, 2019 |  | December 31, 2018
North America | $ | 3,129.5 |  |  | $ | 2,788.1 |
International | 631.2 |  |  | 604.8 |
Corporate | $ | 525.7 |  |  | $ | 569.0 |
Inter-segment eliminations | (1,239.7 | ) |  | (1,246.5 | )
Total assets | $ | 3,046.7 |  |  | $ | 2,715.4 |
The following table summarizes property, plant and equipment, net by segment:
(in millions) | June 30, 2019 |  | December 31, 2018
North America | $ | 324.3 |  |  | $ | 317.5 |
International | 52.9 |  |  | 51.1 |
Corporate | 52.8 |  |  | 52.2 |
Total property, plant and equipment, net | $ | 430.0 |  |  | $ | 420.8 |
Segment financial information | The following table summarizes segment information for the three months ended June 30, 2019:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 588.1 |  |  | $ | 134.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 722.8 |
Inter-segment sales | $ | 0.9 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | (1.0 | ) |  | $ | — |
Inter-segment royalty expense (income) | 1.0 |  |  | (1.0 | ) |  | — |  |  | — |  |  | — |
Gross profit | 240.0 |  |  | 73.4 |  |  | — |  |  | — |  |  | 313.4 |
Operating income (loss) | 80.1 |  |  | 27.4 |  |  | (26.5 | ) |  | — |  |  | 81.0 |
Income (loss) from continuing operations before income taxes | 78.6 |  |  | 23.2 |  |  | (43.3 | ) |  | — |  |  | 58.5 |
Depreciation and amortization (1) | $ | 15.6 |  |  | $ | 3.5 |  |  | $ | 9.5 |  |  | $ | — |  |  | $ | 28.6 |
Capital expenditures | 14.4 |  |  | 3.1 |  |  | 3.3 |  |  | — |  |  | 20.8 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the three months ended June 30, 2018:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 527.8 |  |  | $ | 132.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 659.9 |
Inter-segment sales | $ | 0.6 |  |  | $ | — |  |  | $ | — |  |  | $ | (0.6 | ) |  | $ | — |
Inter-segment royalty expense (income) | 0.8 |  |  | (0.8 | ) |  | — |  |  | — |  |  | — |
Gross profit | 203.4 |  |  | 69.4 |  |  | — |  |  | — |  |  | 272.8 |
Operating income (loss) | 64.2 |  |  | 20.9 |  |  | (27.1 | ) |  | — |  |  | 58.0 |
Income (loss) from continuing operations before income taxes | 63.4 |  |  | 18.3 |  |  | (46.3 | ) |  | — |  |  | 35.4 |
Depreciation and amortization (1) | $ | 13.8 |  |  | $ | 3.3 |  |  | $ | 10.7 |  |  | $ | — |  |  | $ | 27.8 |
Capital expenditures | 14.1 |  |  | 3.1 |  |  | 1.5 |  |  | — |  |  | 18.7 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the six months ended June 30, 2019:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 1,132.1 |  |  | $ | 281.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,413.7 |
Inter-segment sales | $ | 1.9 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | (2.3 | ) |  | $ | — |
Inter-segment royalty expense (income) | 2.0 |  |  | (2.0 | ) |  | — |  |  | — |  |  | — |
Gross profit | 444.4 |  |  | 150.8 |  |  | — |  |  | — |  |  | 595.2 |
Operating income (loss) | 144.4 |  |  | 52.6 |  |  | (55.5 | ) |  | — |  |  | 141.5 |
Income (loss) from continuing operations before income taxes | 141.0 |  |  | 53.0 |  |  | (89.6 | ) |  | — |  |  | 104.4 |
Depreciation and amortization (1) | $ | 30.6 |  |  | $ | 6.8 |  |  | $ | 19.3 |  |  | $ | — |  |  | $ | 56.7 |
Capital expenditures | 27.3 |  |  | 6.0 |  |  | 6.6 |  |  | — |  |  | 39.9 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the six months ended June 30, 2018:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 1,012.8 |  |  | $ | 284.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,297.3 |
Inter-segment sales | $ | 1.2 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | (1.4 | ) |  | $ | — |
Inter-segment royalty expense (income) | 1.3 |  |  | (1.3 | ) |  | — |  |  | — |  |  | — |
Gross profit | 387.4 |  |  | 150.1 |  |  | — |  |  | — |  |  | 537.5 |
Operating income (loss) | 118.1 |  |  | 49.7 |  |  | (54.1 | ) |  | — |  |  | 113.7 |
Income (loss) from continuing operations before income taxes | 115.2 |  |  | 47.6 |  |  | (91.8 | ) |  | — |  |  | 71.0 |
Depreciation and amortization (1) | $ | 27.2 |  |  | $ | 6.9 |  |  | $ | 20.8 |  |  | $ | — |  |  | $ | 54.9 |
Capital expenditures | 30.9 |  |  | 6.0 |  |  | 3.6 |  |  | — |  |  | 40.5 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
Long-lived assets by geographic region | The following table summarizes property, plant and equipment, net by geographic region:
(in millions) | June 30, 2019 |  | December 31, 2018
United States | $ | 358.4 |  |  | $ | 350.7 |
Canada | 18.7 |  |  | 19.1 |
Other International | 52.9 |  |  | 51.0 |
Total property, plant and equipment, net | $ | 430.0 |  |  | $ | 420.8 |
Total International | $ | 71.6 |  |  | $ | 70.1 |
Net sales by geographic region | The following table summarizes net sales by geographic region:
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
(in millions) | 2019 |  | 2018 |  | 2019 |  | 2018
United States | $ | 533.7 |  |  | $ | 477.7 |  |  | $ | 1,030.9 |  |  | $ | 917.9 |
Canada | 54.4 |  |  | 50.1 |  |  | 101.2 |  |  | 94.9 |
Other International | 134.7 |  |  | 132.1 |  |  | 281.6 |  |  | 284.5 |
Total net sales | $ | 722.8 |  |  | $ | 659.9 |  |  | $ | 1,413.7 |  |  | $ | 1,297.3 |
Total International | $ | 189.1 |  |  | $ | 182.2 |  |  | $ | 382.8 |  |  | $ | 379.4 |

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