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Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Total Assets and Long-Lived Assets by Segment

The following table summarizes total assets by segment:

(in millions)			September 30, 2021						December 31, 2020
North America			$	4,258.2					$	3,740.3
International			1,257.8						639.8
Corporate			860.4						490.3
Inter-segment eliminations			(1,909.1)						(1,561.8)
Total assets			$	4,467.3					$	3,308.6

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

(in millions)			September 30, 2021						December 31, 2020
North America			$	432.5					$	415.3
International			75.0						49.8
Corporate			49.1						42.8
Total property, plant and equipment, net			$	556.6					$	507.9

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

(in millions)			September 30, 2021						December 31, 2020
North America			$	277.9					$	256.6
International			185.2						45.7
Corporate			1.4						2.0
Total operating lease right-of-use assets			$	464.5					$	304.3

Segment Financial Information

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

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	1,120.0					$	238.3					$	—					$	—					$	1,358.3
Inter-segment sales			$	0.3					$	0.6					$	—					$	(0.9)					$	—
Inter-segment royalty expense (income)			2.1						(2.1)						—						—						—
Gross profit			447.1						130.0						—						—						577.1
Operating income (loss)			237.0						50.3						(37.5)						—						249.8
Income (loss) from continuing operations before income taxes			235.7						50.0						(49.5)						—						236.2
Depreciation and amortization (1)			$	22.2					$	4.9					$	18.0					$	—					$	45.1
Capital expenditures			21.3						4.1						4.1						—						29.5

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

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

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	994.7					$	137.6					$	—					$	—					$	1,132.3
Inter-segment sales			$	0.2					$	0.3					$	—					$	(0.5)					$	—
Inter-segment royalty expense (income)			3.3						(3.3)						—						—						—
Gross profit			445.0						85.2						—						—						530.2
Operating income (loss)			235.1						41.2						(96.1)						—						180.2
Income (loss) from continuing operations before income taxes			233.7						40.3						(114.3)						—						159.7
Depreciation and amortization (1)			$	19.7					$	3.5					$	73.6					$	—					$	96.8
Capital expenditures			20.4						1.8						2.0						—						24.2

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

The following table summarizes segment information for the nine months ended September 30, 2021:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	3,017.1					$	554.1					$	—					$	—					$	3,571.2
Inter-segment sales			$	1.5					$	0.9					$	—					$	(2.4)					$	—
Inter-segment royalty expense (income)			6.5						(6.5)						—						—						—
Gross profit			1,236.4						317.8						—						—						1,554.2
Operating income (loss)			627.8						139.9						(106.2)						—						661.5
Income (loss) from continuing operations before income taxes			625.0						138.9						(170.9)						—						593.0
Depreciation and amortization (1)			$	64.9					$	12.0					$	51.9					$	—					$	128.8
Capital expenditures			62.4						8.7						11.0						—						82.1

(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			$	2,265.6					$	354.3					$	—					$	—					$	2,619.9
Inter-segment sales			$	0.7					$	0.5					$	—					$	(1.2)					$	—
Inter-segment royalty expense (income)			6.5						(6.5)						—						—						—
Gross profit			944.6						208.6						—						—						1,153.2
Operating income (loss)			404.4						78.9						(144.4)						—						338.9
Income (loss) from continuing operations before income taxes			400.1						73.6						(197.0)						—						276.7
Depreciation and amortization (1)			$	56.2					$	9.9					$	93.0					$	—					$	159.1
Capital expenditures			60.3						6.8						6.5						—						73.6

(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, 2021						December 31, 2020
United States			$	461.2					$	436.2
All Other			95.4						71.7
Total property, plant and equipment, net			$	556.6					$	507.9

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

(in millions)			September 30, 2021						December 31, 2020
United States			$	276.4					$	255.0
All Other			188.1						49.3
Total operating lease right-of-use assets			$	464.5					$	304.3

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)			2021						2020						2021						2020
United States			$	1,018.8					$	904.3					$	2,783.6					$	2,078.8
All Other			339.5						228.0						787.6						541.1
Total net sales			$	1,358.3					$	1,132.3					$	3,571.2					$	2,619.9

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