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v3.19.3

Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Total assets and long-lived assets by segment | The following table summarizes total assets by segment:
(in millions) | September 30, 2019 |  | December 31, 2018
North America | $ | 3,187.8 |  |  | $ | 2,788.1 |
International | 605.8 |  |  | 604.8 |
Corporate | 503.3 |  |  | 569.0 |
Inter-segment eliminations | (1,193.8 | ) |  | (1,246.5 | )
Total assets | $ | 3,103.1 |  |  | $ | 2,715.4 |
The following table summarizes property, plant and equipment, net by segment:
(in millions) | September 30, 2019 |  | December 31, 2018
North America | $ | 326.6 |  |  | $ | 317.5 |
International | 49.9 |  |  | 51.1 |
Corporate | 55.0 |  |  | 52.2 |
Total property, plant and equipment, net | $ | 431.5 |  |  | $ | 420.8 |
Segment financial information | The following table summarizes segment information for the three months ended September 30, 2019:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 682.0 |  |  | $ | 139.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 821.0 |
Inter-segment sales | $ | 0.6 |  |  | $ | — |  |  | $ | — |  |  | $ | (0.6 | ) |  | $ | — |
Inter-segment royalty expense (income) | 1.2 |  |  | (1.2 | ) |  | — |  |  | — |  |  | — |
Gross profit | 286.8 |  |  | 73.8 |  |  | — |  |  | — |  |  | 360.6 |
Operating income (loss) | 119.8 |  |  | 27.3 |  |  | (26.5 | ) |  | — |  |  | 120.6 |
Income (loss) from continuing operations before income taxes | 117.8 |  |  | 24.0 |  |  | (43.3 | ) |  | — |  |  | 98.5 |
Depreciation and amortization (1) | $ | 17.1 |  |  | $ | 3.4 |  |  | $ | 9.5 |  |  | $ | — |  |  | $ | 30.0 |
Capital expenditures | 15.0 |  |  | 2.0 |  |  | 5.0 |  |  | — |  |  | 22.0 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the three months ended September 30, 2018:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 595.8 |  |  | $ | 133.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 729.5 |
Inter-segment sales | $ | 1.1 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | (1.3 | ) |  | $ | — |
Inter-segment royalty expense (income) | 0.9 |  |  | (0.9 | ) |  | — |  |  | — |  |  | — |
Gross profit | 229.2 |  |  | 70.8 |  |  | — |  |  | — |  |  | 300.0 |
Operating income (loss) | 81.9 |  |  | 25.8 |  |  | (23.0 | ) |  | — |  |  | 84.7 |
Income (loss) from continuing operations before income taxes | 78.5 |  |  | 23.5 |  |  | (42.3 | ) |  | — |  |  | 59.7 |
Depreciation and amortization (1) | $ | 16.6 |  |  | $ | 3.3 |  |  | $ | 10.0 |  |  | $ | — |  |  | $ | 29.9 |
Capital expenditures | 11.2 |  |  | 2.9 |  |  | 1.2 |  |  | — |  |  | 15.3 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the nine months ended September 30, 2019:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 1,814.1 |  |  | $ | 420.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,234.7 |
Inter-segment sales | $ | 2.5 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | (2.9 | ) |  | $ | — |
Inter-segment royalty expense (income) | 3.2 |  |  | (3.2 | ) |  | — |  |  | — |  |  | — |
Gross profit | 731.2 |  |  | 224.6 |  |  | — |  |  | — |  |  | 955.8 |
Operating income (loss) | 264.2 |  |  | 79.9 |  |  | (82.0 | ) |  | — |  |  | 262.1 |
Income (loss) from continuing operations before income taxes | 258.8 |  |  | 77.0 |  |  | (132.9 | ) |  | — |  |  | 202.9 |
Depreciation and amortization (1) | $ | 47.7 |  |  | $ | 10.2 |  |  | $ | 28.8 |  |  | $ | — |  |  | $ | 86.7 |
Capital expenditures | 42.3 |  |  | 8.0 |  |  | 11.6 |  |  | — |  |  | 61.9 |
(1) | Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the nine months ended September 30, 2018:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 1,608.6 |  |  | $ | 418.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,026.8 |
Inter-segment sales | $ | 2.3 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | (2.7 | ) |  | $ | — |
Inter-segment royalty expense (income) | 2.2 |  |  | (2.2 | ) |  | — |  |  | — |  |  | — |
Gross profit | 616.7 |  |  | 220.8 |  |  | — |  |  | — |  |  | 837.5 |
Operating income (loss) | 200.1 |  |  | 75.5 |  |  | (77.2 | ) |  | — |  |  | 198.4 |
Income (loss) from continuing operations before income taxes | 193.7 |  |  | 71.0 |  |  | (134.0 | ) |  | — |  |  | 130.7 |
Depreciation and amortization (1) | $ | 43.8 |  |  | $ | 10.2 |  |  | $ | 30.8 |  |  | $ | — |  |  | $ | 84.8 |
Capital expenditures | 42.1 |  |  | 8.9 |  |  | 4.8 |  |  | — |  |  | 55.8 |
(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) | September 30, 2019 |  | December 31, 2018
United States | $ | 363.8 |  |  | $ | 350.7 |
Canada | 17.8 |  |  | 19.1 |
Other International | 49.9 |  |  | 51.0 |
Total property, plant and equipment, net | $ | 431.5 |  |  | $ | 420.8 |
Total International | $ | 67.7 |  |  | $ | 70.1 |
Net sales by geographic region | The following table summarizes net sales by geographic region:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
(in millions) | 2019 |  | 2018 |  | 2019 |  | 2018
United States | $ | 621.4 |  |  | $ | 536.8 |  |  | $ | 1,652.3 |  |  | $ | 1,454.6 |
Canada | 60.6 |  |  | 59.0 |  |  | 161.8 |  |  | 154.0 |
Other International | 139.0 |  |  | 133.7 |  |  | 420.6 |  |  | 418.2 |
Total net sales | $ | 821.0 |  |  | $ | 729.5 |  |  | $ | 2,234.7 |  |  | $ | 2,026.8 |
Total International | $ | 199.6 |  |  | $ | 192.7 |  |  | $ | 582.4 |  |  | $ | 572.2 |

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