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Business Segment Information
 6 Months Ended
Jun. 30, 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)June 30, 2022December 31, 2021
North America$4,635.8 $4,360.6 
International1,159.0 1,305.9 
Corporate642.5 730.9 
Inter-segment eliminations(2,032.9)(2,074.0)
Total assets$4,404.4 $4,323.4 

 The following table summarizes property, plant and equipment, net, by segment:
(in millions)June 30, 2022December 31, 2021
North America$562.4 $449.9 
International78.5 82.3 
Corporate31.9 51.3 
Total property, plant and equipment, net$672.8 $583.5 
     
The following table summarizes operating lease right-of-use assets by segment:
(in millions)June 30, 2022December 31, 2021
North America$339.7 $280.6 
International167.3 199.0 
Corporate0.7 1.0 
Total operating lease right-of-use assets$507.7 $480.6 
The following table summarizes segment information for the three months ended June 30, 2022:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
Net sales$964.7 $246.3 $— $— $1,211.0 
Inter-segment sales$0.4 $0.5 $— $(0.9)$— 
Inter-segment royalty expense (income)2.4 (2.4)— — — 
Gross profit365.8 130.7 — — 496.5 
Operating income (loss)146.1 35.8 (38.0)— 143.9 
Income (loss) from continuing operations before income taxes144.8 34.7 (60.0)— 119.5 
Depreciation and amortization (1)
$23.5 $5.9 $14.6 $— $44.0 
Capital expenditures61.9 6.8 1.2 — 69.9 
(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the three months ended June 30, 2021:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
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 profit425.4 92.8 — — 518.2 
Operating income (loss)217.4 43.4 (37.5)— 223.3 
Income (loss) from continuing operations before income taxes216.8 42.8 (74.2)— 185.4 
Depreciation and amortization (1)
$21.7 $3.5 $16.9 $— $42.1 
Capital expenditures22.3 2.6 4.2 — 29.1 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the six months ended June 30, 2022:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
Net sales$1,896.1 $554.4 $— $— $2,450.5 
Inter-segment sales$0.9 $0.7 $— $(1.6)$— 
Inter-segment royalty expense (income)9.4 (9.4)— — — 
Gross profit718.2 301.1 — — 1,019.3 
Operating income (loss)301.5 102.6 (71.6)— 332.5 
Income (loss) from continuing operations before income taxes300.6 101.1 (113.2)— 288.5 
Depreciation and amortization (1)
$46.2 $11.9 $30.1 $— $88.2 
Capital expenditures112.9 14.6 2.7 — 130.2 
(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 AmericaInternationalCorporateEliminationsConsolidated
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 profit789.3 187.8 — — 977.1 
Operating income (loss)390.8 89.6 (68.7)— 411.7 
Income (loss) from continuing operations before income taxes389.3 88.9 (121.4)— 356.8 
Depreciation and amortization (1)
$42.7 $7.1 $33.9 $— $83.7 
Capital expenditures41.1 4.6 6.9 — 52.6 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes property, plant and equipment, net by geographic region:
(in millions)
June 30, 2022December 31, 2021
United States
$573.5 $481.1 
All Other99.3 102.4 
Total property, plant and equipment, net
$672.8 $583.5 

The following table summarizes operating lease right-of-use assets by geographic region:
(in millions)June 30, 2022December 31, 2021
United States$331.8 $278.3 
United Kingdom135.4 162.8 
All Other40.5 39.5 
Total operating lease right-of-use assets$507.7 $480.6 

The following table summarizes net sales by geographic region:
Three Months EndedSix Months Ended
 June 30,June 30,
(in millions)2022202120222021
United States$890.3 $946.3 $1,754.6 $1,764.8 
All Other320.7 222.8 695.9 448.1 
Total net sales$1,211.0 $1,169.1 $2,450.5 $2,212.9