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Business Segment Information (Tables)

9 Months Ended

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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