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Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Total Assets and Long-Lived Assets by Segment

The following table summarizes total assets by segment:

(in millions)			March 31, 2024						December 31, 2023
North America			$	5,491.1					$	5,291.0
International			1,437.9						1,405.2
Corporate			1,379.8						1,269.5
Inter-segment eliminations			(3,723.0)						(3,411.8)
Total assets			$	4,585.8					$	4,553.9

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

(in millions)			March 31, 2024						December 31, 2023
North America			$	750.2					$	753.8
International			89.7						91.3
Corporate			35.9						33.2
Total property, plant and equipment, net			$	875.8					$	878.3

The following table summarizes operating lease right-of-use assets by segment:

(in millions)			March 31, 2024						December 31, 2023
North America			$	446.5					$	453.5
International			170.7						180.2
Corporate			2.5						2.8
Total operating lease right-of-use assets			$	619.7					$	636.5

Segment Financial Information

The following table summarizes segment information for the three months ended March 31, 2024:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	901.1					$	288.3					$	—					$	—					$	1,189.4
Inter-segment sales			$	0.3					$	0.1					$	—					$	(0.4)					$	—
Inter-segment royalty expense (income)			7.4						(7.4)						—						—						—
Gross profit			352.8						159.8						—						—						512.6
Operating income (loss)			134.4						44.8						(47.7)						—						131.5
Income (loss) before income taxes			131.4						47.7						(81.6)						—						97.5
Depreciation and amortization (1)			$	30.7					$	6.5					$	11.2					$	—					$	48.4
Capital expenditures			20.7						6.2						4.6						—						31.5

(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the three months ended March 31, 2023:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	919.6					$	288.5					$	—					$	—					$	1,208.1
Inter-segment sales			$	0.3					$	—					$	—					$	(0.3)					$	—
Inter-segment royalty expense (income)			7.4						(7.4)						—						—						—
Gross profit			344.0						155.9						—						—						499.9
Operating income (loss)			136.0						44.2						(36.9)						—						143.3
Income (loss) before income taxes			134.2						43.0						(66.8)						—						110.4
Depreciation and amortization (1)			$	25.5					$	6.5					$	12.6					$	—					$	44.6
Capital expenditures			45.8						4.7						1.6						—						52.1

(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)			March 31, 2024						December 31, 2023
United States			$	763.7					$	764.1
All other			112.1						114.2
Total property, plant and equipment, net			$	875.8					$	878.3

The following table summarizes operating lease right-of-use assets by geographic region:

(in millions)			March 31, 2024						December 31, 2023
United States			$	437.5					$	444.2
United Kingdom			137.5						146.5
All other			44.7						45.8
Total operating lease right-of-use assets			$	619.7					$	636.5

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