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Business Segment Information (Tables)

9 Months Ended

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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