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v3.20.2

Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2020
Segment Reporting [Abstract] |
Total assets and long-lived assets by segment | The following table summarizes total assets by segment:
(in millions) | September 30, 2020 |  | December 31, 2019
North America | $ | 3,595.8 |  |  | $ | 3,142.9 |
International | 647.6 |  |  | 615.3 |
Corporate | 582.8 |  |  | 477.1 |
Inter-segment eliminations | (1,370.8) |  |  | (1,173.5) |
Total assets | $ | 3,455.4 |  |  | $ | 3,061.8 |
The following table summarizes property, plant and equipment, net, by segment:
(in millions) | September 30, 2020 |  | December 31, 2019
North America | $ | 390.2 |  |  | $ | 328.9 |
International | 52.3 |  |  | 51.8 |
Corporate | 43.3 |  |  | 55.1 |
Total property, plant and equipment, net | $ | 485.8 |  |  | $ | 435.8 |
The following table summarizes operating lease right-of-use assets by segment:
(in millions) | September 30, 2020 |  | December 31, 2019
North America | $ | 261.5 |  |  | $ | 202.0 |
International | 41.9 |  |  | 42.2 |
Corporate | 2.2 |  |  | 1.2 |
Total operating lease right-of-use assets | $ | 305.6 |  |  | $ | 245.4 |
Segment financial information | The following table summarizes segment information for the three months ended September 30, 2020:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 976.5 |  |  | $ | 155.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,132.3 |
Inter-segment sales | $ | 0.2 |  |  | $ | 0.3 |  |  | $ | — |  |  | $ | (0.5) |  |  | $ | — |
Inter-segment royalty expense (income) | 2.5 |  |  | (2.5) |  |  | — |  |  | — |  |  | — |
Gross profit | 438.6 |  |  | 91.6 |  |  | — |  |  | — |  |  | 530.2 |
Operating income (loss) | 231.5 |  |  | 44.8 |  |  | (96.1) |  |  | — |  |  | 180.2 |
Income (loss) from continuing operations before income taxes | 229.9 |  |  | 44.1 |  |  | (114.3) |  |  | — |  |  | 159.7 |
Depreciation and amortization (1) | $ | 19.6 |  |  | $ | 3.6 |  |  | $ | 73.6 |  |  | $ | — |  |  | $ | 96.8 |
Capital expenditures | 20.2 |  |  | 2.0 |  |  | 2.0 |  |  | — |  |  | 24.2 |
(1)Depreciation and amortization includes stock-based compensation amortization expense. 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 nine months ended September 30, 2020:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 2,224.2 |  |  | $ | 395.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,619.9 |
Inter-segment sales | $ | 1.1 |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | (1.5) |  |  | $ | — |
Inter-segment royalty expense (income) | 4.6 |  |  | (4.6) |  |  | — |  |  | — |  |  | — |
Gross profit | 932.0 |  |  | 221.2 |  |  | — |  |  | — |  |  | 1,153.2 |
Operating income (loss) | 402.3 |  |  | 81.0 |  |  | (144.4) |  |  | — |  |  | 338.9 |
Income (loss) from continuing operations before income taxes | 397.5 |  |  | 76.2 |  |  | (197.0) |  |  | — |  |  | 276.7 |
Depreciation and amortization (1) | $ | 55.8 |  |  | $ | 10.3 |  |  | $ | 93.0 |  |  | $ | — |  |  | $ | 159.1 |
Capital expenditures | 59.6 |  |  | 7.5 |  |  | 6.5 |  |  | — |  |  | 73.6 |
(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.
Long-lived assets by geographic region | The following table summarizes property, plant and equipment, net by geographic region:
(in millions) | September 30, 2020 |  | December 31, 2019
United States | $ | 418.0 |  |  | $ | 366.4 |
Canada | 15.5 |  |  | 17.5 |
Other International | 52.3 |  |  | 51.9 |
Total property, plant and equipment, net | $ | 485.8 |  |  | $ | 435.8 |
Total International | $ | 67.8 |  |  | $ | 69.4 |
The following table summarizes operating lease right-of-use assets by geographic region:
(in millions) | September 30, 2020 |  | December 31, 2019
United States | $ | 260.0 |  |  | $ | 198.3 |
Canada | 3.7 |  |  | 4.9 |
Other International | 41.9 |  |  | 42.2 |
Total operating lease right-of-use assets | $ | 305.6 |  |  | $ | 245.4 |
Total International | $ | 45.6 |  |  | $ | 47.1 |
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) | 2020 |  | 2019 |  | 2020 |  | 2019
United States | $ | 904.3 |  |  | $ | 621.4 |  |  | $ | 2,078.8 |  |  | $ | 1,652.3 |
Canada | 72.2 |  |  | 60.6 |  |  | 145.4 |  |  | 161.8 |
Other International | 155.8 |  |  | 139.0 |  |  | 395.7 |  |  | 420.6 |
Total net sales | $ | 1,132.3 |  |  | $ | 821.0 |  |  | $ | 2,619.9 |  |  | $ | 2,234.7 |
Total International | $ | 228.0 |  |  | $ | 199.6 |  |  | $ | 541.1 |  |  | $ | 582.4 |

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