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Business Segment Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Business Segment Information Business Segment Information
 
The Company operates in two segments: North America and International. These segments are strategic business units that are managed separately based on geography. The North America segment consists of manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S., Canada and Mexico. The International segment consists of manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America (other than Mexico). On August 2, 2021, the Company acquired Dreams, which is included in the International segment. Corporate operating expenses are not included in either of the segments and are presented separately as a reconciling item to consolidated results. The Company evaluates segment performance based on net sales, gross profit and operating income.

The Company's North America and International segment assets include investments in subsidiaries that are appropriately eliminated in the Company's accompanying Condensed Consolidated Financial Statements. The remaining inter-segment eliminations are comprised of intercompany accounts receivable and payable.

The following table summarizes total assets by segment:
(in millions)March 31, 2022December 31, 2021
North America$4,572.7 $4,360.6 
International1,274.9 1,305.9 
Corporate505.5 730.9 
Inter-segment eliminations(2,031.2)(2,074.0)
Total assets$4,321.9 $4,323.4 

 The following table summarizes property, plant and equipment, net, by segment:
(in millions)March 31, 2022December 31, 2021
North America$491.7 $449.9 
International81.9 82.3 
Corporate51.3 51.3 
Total property, plant and equipment, net$624.9 $583.5 
     
The following table summarizes operating lease right-of-use assets by segment:
(in millions)March 31, 2022December 31, 2021
North America$327.0 $280.6 
International184.2 199.0 
Corporate0.7 1.0 
Total operating lease right-of-use assets$511.9 $480.6 
The following table summarizes segment information for the three months ended March 31, 2022:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
Net sales$931.4 $308.1 $— $— $1,239.5 
Inter-segment sales$0.5 $0.2 $— $(0.7)$— 
Inter-segment royalty expense (income)7.0 (7.0)— — — 
Gross profit352.4 170.4 — — 522.8 
Operating income (loss)155.4 66.8 (33.6)— 188.6 
Income (loss) from continuing operations before income taxes155.8 66.4 (53.2)— 169.0 
Depreciation and amortization (1)
$22.7 $6.0 $15.5 $— $44.2 
Capital expenditures51.0 7.8 1.5 — 60.3 
(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the three months ended March 31, 2021:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
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 profit363.9 95.0 — — 458.9 
Operating income (loss)173.4 46.2 (31.2)— 188.4 
Income (loss) from continuing operations before income taxes172.5 46.1 (47.2)— 171.4 
Depreciation and amortization (1)
$21.0 $3.6 $17.0 $— $41.6 
Capital expenditures18.8 2.0 2.7 — 23.5 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes property, plant and equipment, net by geographic region:
(in millions)
March 31, 2022December 31, 2021
United States
$522.2 $481.1 
All Other102.7 102.4 
Total property, plant and equipment, net
$624.9 $583.5 

The following table summarizes operating lease right-of-use assets by geographic region:
(in millions)March 31, 2022December 31, 2021
United States$318.1 $278.3 
United Kingdom149.5 162.8 
All Other44.3 39.5 
Total operating lease right-of-use assets$511.9 $480.6 
The following table summarizes net sales by geographic region:
Three Months Ended
 March 31,
(in millions)20222021
United States$864.3 $818.5 
All Other375.2 225.3 
Total net sales$1,239.5 $1,043.8