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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Total assets and long-lived assets by segment

The following table summarizes total assets by segment:

(in millions)			June 30, 2021						December 31, 2020
North America			$	4,145.9					$	3,740.3
International			481.3						639.8
Corporate			400.7						490.3
Inter-segment eliminations			(1,750.3)						(1,561.8)
Total assets			$	3,277.6					$	3,308.6

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

(in millions)			June 30, 2021						December 31, 2020
North America			$	425.0					$	415.3
International			47.0						49.8
Corporate			46.2						42.8
Total property, plant and equipment, net			$	518.2					$	507.9

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

(in millions)			June 30, 2021						December 31, 2020
North America			$	283.3					$	256.6
International			40.6						45.7
Corporate			1.5						2.0
Total operating lease right-of-use assets			$	325.4					$	304.3

Segment financial information

The following table summarizes segment information for the three months ended June 30, 2021:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	1,013.8					$	155.3					$	—					$	—					$	1,169.1
Inter-segment sales			$	0.5					$	0.1					$	—					$	(0.6)					$	—
Inter-segment royalty expense (income)			2.3						(2.3)						—						—						—
Gross profit			425.4						92.8						—						—						518.2
Operating income (loss)			217.4						43.4						(37.5)						—						223.3
Income (loss) from continuing operations before income taxes			216.8						42.8						(74.2)						—						185.4
Depreciation and amortization (1)			$	21.7					$	3.5					$	16.9					$	—					$	42.1
Capital expenditures			22.3						2.6						4.2						—						29.1

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

The following table summarizes segment information for the three months ended June 30, 2020:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	578.6					$	86.6					$	—					$	—					$	665.2
Inter-segment sales			$	—					$	0.1					$	—					$	(0.1)					$	—
Inter-segment royalty expense (income)			1.1						(1.1)						—						—						—
Gross profit			218.4						47.5						—						—						265.9
Operating income (loss)			67.7						11.3						(25.6)						—						53.4
Income (loss) from continuing operations before income taxes			66.3						9.3						(43.1)						—						32.5
Depreciation and amortization (1)			$	18.7					$	3.3					$	9.8					$	—					$	31.8
Capital expenditures			18.3						2.9						2.0						—						23.2

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

The following table summarizes segment information for the six months ended June 30, 2021:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	1,897.1					$	315.8					$	—					$	—					$	2,212.9
Inter-segment sales			$	1.2					$	0.3					$	—					$	(1.5)					$	—
Inter-segment royalty expense (income)			4.4						(4.4)						—						—						—
Gross profit			789.3						187.8						—						—						977.1
Operating income (loss)			390.8						89.6						(68.7)						—						411.7
Income (loss) from continuing operations before income taxes			389.3						88.9						(121.4)						—						356.8
Depreciation and amortization (1)			$	42.7					$	7.1					$	33.9					$	—					$	83.7
Capital expenditures			41.1						4.6						6.9						—						52.6

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

The following table summarizes segment information for the six months ended June 30, 2020:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	1,270.9					$	216.7					$	—					$	—					$	1,487.6
Inter-segment sales			$	0.5					$	0.2					$	—					$	(0.7)					$	—
Inter-segment royalty expense (income)			3.2						(3.2)						—						—						—
Gross profit			499.6						123.4						—						—						623.0
Operating income (loss)			169.3						37.7						(48.3)						—						158.7
Income (loss) from continuing operations before income taxes			166.4						33.3						(82.7)						—						117.0
Depreciation and amortization (1)			$	36.5					$	6.4					$	19.4					$	—					$	62.3
Capital expenditures			39.9						5.0						4.5						—						49.4

(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, 2021						December 31, 2020
United States			$	449.8					$	436.2
All Other			68.4						71.7
Total property, plant and equipment, net			$	518.2					$	507.9

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

(in millions)			June 30, 2021						December 31, 2020
United States			$	281.4					$	255.0
All Other			44.0						49.3
Total operating lease right-of-use assets			$	325.4					$	304.3

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)			2021						2020						2021						2020
United States			$	946.3					$	542.0					$	1,764.8					$	1,174.5
All Other			222.8						123.2						448.1						313.1
Total net sales			$	1,169.1					$	665.2					$	2,212.9					$	1,487.6

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