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v3.22.2.2

Business Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Total Assets and Long-Lived Assets by Segment | The following table summarizes total assets by segment:
(in millions) | September 30, 2022 |  | December 31, 2021
North America | $ | 5,010.3 |  |  | $ | 4,360.6 |
International | 1,092.0 |  |  | 1,305.9 |
Corporate | 824.7 |  |  | 730.9 |
Inter-segment eliminations | (2,575.3) |  |  | (2,074.0) |
Total assets | $ | 4,351.7 |  |  | $ | 4,323.4 |
The following table summarizes property, plant and equipment, net, by segment:
(in millions) | September 30, 2022 |  | December 31, 2021
North America | $ | 619.7 |  |  | $ | 449.9 |
International | 75.4 |  |  | 82.3 |
Corporate | 32.2 |  |  | 51.3 |
Total property, plant and equipment, net | $ | 727.3 |  |  | $ | 583.5 |
The following table summarizes operating lease right-of-use assets by segment:
(in millions) | September 30, 2022 |  | December 31, 2021
North America | $ | 336.7 |  |  | $ | 280.6 |
International | 149.1 |  |  | 199.0 |
Corporate | 4.2 |  |  | 1.0 |
Total operating lease right-of-use assets | $ | 490.0 |  |  | $ | 480.6 |
Segment Financial Information | The following table summarizes segment information for the three months ended September 30, 2022:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 1,057.7 |  |  | $ | 225.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,283.3 |
Inter-segment sales | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | (0.7) |  |  | $ | — |
Inter-segment royalty expense (income) | 3.4 |  |  | (3.4) |  |  | — |  |  | — |  |  | — |
Gross profit | 420.7 |  |  | 120.4 |  |  | — |  |  | — |  |  | 541.1 |
Operating income (loss) | 205.0 |  |  | 32.6 |  |  | (36.6) |  |  | — |  |  | 201.0 |
Income (loss) from continuing operations before income taxes | 203.0 |  |  | 33.9 |  |  | (61.8) |  |  | — |  |  | 175.1 |
Depreciation and amortization (1) | $ | 24.5 |  |  | $ | 5.8 |  |  | $ | 14.0 |  |  | $ | — |  |  | $ | 44.3 |
Capital expenditures | 75.3 |  |  | 8.5 |  |  | 2.0 |  |  | — |  |  | 85.8 |
(1)Depreciation and amortization includes stock-based compensation amortization expense. 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 nine months ended September 30, 2022:
(in millions) | North America |  | International |  | Corporate |  | Eliminations |  | Consolidated
Net sales | $ | 2,953.8 |  |  | $ | 780.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,733.8 |
Inter-segment sales | $ | 1.4 |  |  | $ | 0.9 |  |  | $ | — |  |  | $ | (2.3) |  |  | $ | — |
Inter-segment royalty expense (income) | 12.8 |  |  | (12.8) |  |  | — |  |  | — |  |  | — |
Gross profit | 1,138.9 |  |  | 421.5 |  |  | — |  |  | — |  |  | 1,560.4 |
Operating income (loss) | 506.5 |  |  | 135.2 |  |  | (108.2) |  |  | — |  |  | 533.5 |
Income (loss) from continuing operations before income taxes | 503.6 |  |  | 135.0 |  |  | (175.0) |  |  | — |  |  | 463.6 |
Depreciation and amortization (1) | $ | 70.7 |  |  | $ | 17.7 |  |  | $ | 44.1 |  |  | $ | — |  |  | $ | 132.5 |
Capital expenditures | 188.2 |  |  | 23.1 |  |  | 4.7 |  |  | — |  |  | 216.0 |
(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.
Long-Lived Assets by Geographic Region | The following table summarizes property, plant and equipment, net by geographic region:
(in millions) | September 30, 2022 |  | December 31, 2021
United States | $ | 631.6 |  |  | $ | 481.1 |
All Other | 95.7 |  |  | 102.4 |
Total property, plant and equipment, net | $ | 727.3 |  |  | $ | 583.5 |
The following table summarizes operating lease right-of-use assets by geographic region:
(in millions) | September 30, 2022 |  | December 31, 2021
United States | $ | 328.5 |  |  | $ | 278.3 |
United Kingdom | 120.0 |  |  | 162.8 |
All Other | 41.5 |  |  | 39.5 |
Total operating lease right-of-use assets | $ | 490.0 |  |  | $ | 480.6 |
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) | 2022 |  | 2021 |  | 2022 |  | 2021
United States | $ | 982.6 |  |  | $ | 1,018.8 |  |  | $ | 2,737.2 |  |  | $ | 2,783.6 |
All Other | 300.7 |  |  | 339.5 |  |  | 996.6 |  |  | 787.6 |
Total net sales | $ | 1,283.3 |  |  | $ | 1,358.3 |  |  | $ | 3,733.8 |  |  | $ | 3,571.2 |

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