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Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Total Assets and Long-Lived Assets by Segment

The following table summarizes total assets by segment:

(in millions)			March 31, 2022						December 31, 2021
North America			$	4,572.7					$	4,360.6
International			1,274.9						1,305.9
Corporate			505.5						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, 2022						December 31, 2021
North America			$	491.7					$	449.9
International			81.9						82.3
Corporate			51.3						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, 2022						December 31, 2021
North America			$	327.0					$	280.6
International			184.2						199.0
Corporate			0.7						1.0
Total operating lease right-of-use assets			$	511.9					$	480.6

Segment Financial Information

The following table summarizes segment information for the three months ended March 31, 2022:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
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 profit			352.4						170.4						—						—						522.8
Operating income (loss)			155.4						66.8						(33.6)						—						188.6
Income (loss) from continuing operations before income taxes			155.8						66.4						(53.2)						—						169.0
Depreciation and amortization (1)			$	22.7					$	6.0					$	15.5					$	—					$	44.2
Capital expenditures			51.0						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 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.

Long-Lived Assets by Geographic Region

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

(in millions)			March 31, 2022						December 31, 2021
United States			$	522.2					$	481.1
All Other			102.7						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, 2022						December 31, 2021
United States			$	318.1					$	278.3
United Kingdom			149.5						162.8
All Other			44.3						39.5
Total operating lease right-of-use assets			$	511.9					$	480.6

Net Sales by Geographic Region

The following table summarizes net sales by geographic region:

			Three Months Ended
			March 31,
(in millions)			2022						2021
United States			$	864.3					$	818.5
All Other			375.2						225.3
Total net sales			$	1,239.5					$	1,043.8

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