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Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Total assets and long-lived assets by segment

The following table summarizes total assets by segment:

(in millions)			March 31, 2021						December 31, 2020
North America			$	3,757.6					$	3,740.3
International			618.0						639.8
Corporate			656.6						490.3
Inter-segment eliminations			(1,490.1)						(1,561.8)
Total assets			$	3,542.1					$	3,308.6

 The following table summarizes property, plant and equipment, net, by segment:

(in millions)			March 31, 2021						December 31, 2020
North America			$	418.6					$	415.3
International			46.8						49.8
Corporate			43.6						42.8
Total property, plant and equipment, net			$	509.0					$	507.9

The following table summarizes operating lease right-of-use assets by segment:

(in millions)			March 31, 2021						December 31, 2020
North America			$	252.9					$	256.6
International			39.4						45.7
Corporate			1.8						2.0
Total operating lease right-of-use assets			$	294.1					$	304.3

Segment financial information

The following table summarizes segment information for the three months ended March 31, 2021:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	883.3					$	160.5					$	—					$	—					$	1,043.8
Inter-segment sales			$	0.7					$	0.2					$	—					$	(0.9)					$	—
Inter-segment royalty expense (income)			2.1						(2.1)						—						—						—
Gross profit			363.9						95.0						—						—						458.9
Operating income (loss)			173.4						46.2						(31.2)						—						188.4
Income (loss) from continuing operations before income taxes			172.5						46.1						(47.2)						—						171.4
Depreciation and amortization (1)			$	21.0					$	3.6					$	17.0					$	—					$	41.6
Capital expenditures			18.8						2.0						2.7						—						23.5

(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the three months ended March 31, 2020:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	692.3					$	130.1					$	—					$	—					$	822.4
Inter-segment sales			$	0.5					$	0.1					$	—					$	(0.6)					$	—
Inter-segment royalty expense (income)			2.1						(2.1)						—						—						—
Gross profit			281.2						75.9						—						—						357.1
Operating income (loss)			101.6						26.4						(22.7)						—						105.3
Income (loss) from continuing operations before income taxes			100.1						24.0						(39.6)						—						84.5
Depreciation and amortization (1)			$	17.8					$	3.1					$	9.6					$	—					$	30.5
Capital expenditures			21.6						2.1						2.5						—						26.2

(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)			March 31, 2021						December 31, 2020
United States			$	440.6					$	436.2
All Other			68.4						71.7
Total property, plant and equipment, net			$	509.0					$	507.9

The following table summarizes operating lease right-of-use assets by geographic region:

(in millions)			March 31, 2021						December 31, 2020
United States			$	250.9					$	255.0
All Other			43.2						49.3
Total operating lease right-of-use assets			$	294.1					$	304.3

Net sales by geographic region

The following table summarizes net sales by geographic region:

			Three Months Ended
			March 31,
(in millions)			2021						2020
United States			$	818.5					$	632.5
All Other			225.3						189.9
Total net sales			$	1,043.8					$	822.4

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