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Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Total Assets and Long-lived Assets by Segment

The following table summarizes total assets by segment:

			December 31,						December 31,
(in millions)			2024						2023
North America			$	5,575.2					$	5,291.0
International			1,477.6						1,405.2
Corporate			3,580.0						1,269.5
Inter-segment eliminations			(4,652.4)						(3,411.8)
Total assets			$	5,980.4					$	4,553.9

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

			December 31,						December 31,
(in millions)			2024						2023
North America			$	687.7					$	753.8
International			89.6						91.3
Corporate			33.8						33.2
Total property, plant and equipment, net			$	811.1					$	878.3

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

			December 31,						December 31,
(in millions)			2024						2023
North America			$	407.1					$	453.5
International			188.6						180.2
Corporate			3.1						2.8
Total operating lease right-of-use assets			$	598.8					$	636.5

Segment Financial Information

The following table summarizes segment information for the year ended December 31, 2024:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	3,788.9					$	1,142.0					$	—					$	—					$	4,930.9
Inter-segment sales			$	0.5					$	0.2					$	—					$	(0.7)					$	—
Inter-segment royalty expense (income)			34.3						(34.3)						—						—						—
Gross profit			1,530.8						649.3						—						—						2,180.1
Advertising expense			382.0						88.9						—						—						470.9
Other selling and marketing expense			334.7						269.8						16.2						—						620.7
General, administrative and other expenses			202.0						114.6						156.6						—						473.2
Equity income in earnings of unconsolidated affiliates			—						(18.9)						—						—						(18.9)
Operating income (loss)			612.1						194.9						(172.8)						—						634.2
Interest expense, net																											134.8
Other (income) expense																											(4.9)
Income (loss) before income taxes			542.5						208.1						(246.3)						—						504.3
Depreciation and amortization (1)			$	127.6					$	28.2					$	45.7					$	—					$	201.5
Capital expenditures			57.2						30.9						9.2						—						97.3

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

The following table summarizes segment information for the year ended December 31, 2023:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	3,855.5					$	1,069.9					$	—					$	—					$	4,925.4
Inter-segment sales			$	1.2					$	0.5					$	—					$	(1.7)					$	—
Inter-segment royalty expense (income)			33.7						(33.7)						—						—						—
Gross profit			1,537.5						591.2						—						—						2,128.7
Advertising expense			389.9						79.1						—						—						469.0
Other selling and marketing expense			319.9						254.0						20.5						—						594.4
General, administrative and other expenses			184.6						110.2						186.3						—						481.1
Equity income in earnings of unconsolidated affiliates			—						(23.0)						—						—						(23.0)
Operating income (loss)			643.1						170.9						(206.8)						—						607.2
Interest expense, net																											129.9
Loss on extinguishment of debt																											3.2
Income (loss) before income taxes			634.2						171.4						(331.5)						—						474.1
Depreciation and amortization (1)			$	102.2					$	25.6					$	55.2					$	—					$	183.0
Capital expenditures			158.8						18.1						8.5						—						185.4

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

The following table summarizes segment information for the year ended December 31, 2022:

(in millions)			North America						International						Corporate						Eliminations						Consolidated
Net sales			$	3,886.1					$	1,035.1					$	—					$	—					$	4,921.2
Inter-segment sales			$	1.7					$	1.1					$	—					$	(2.8)					$	—
Inter-segment royalty expense (income)			15.0						(15.0)						—						—						—
Gross profit			1,487.3						562.3						—						—						2,049.6
Advertising expense			375.1						72.9						—						—						448.0
Other selling and marketing expense			288.6						234.8						21.1						—						544.5
General, administrative and other expenses			181.2						88.5						127.9						—						397.6
Equity income in earnings of unconsolidated affiliates			—						(21.1)						—						—						(21.1)
Operating income (loss)			642.4						187.2						(149.0)						—						680.6
Interest expense, net																											103.0
Other (income) expense																											0.4
Income (loss) from continuing operations before income taxes			638.6						183.4						(244.8)						—						577.2
Depreciation and amortization (1)			$	96.9					$	23.7					$	59.6					$	—					$	180.2
Capital expenditures			267.4						33.1						6.0						—						306.5

(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:

			December 31,						December 31,
(in millions)			2024						2023
United States			$	704.1					$	764.1
All other			107.0						114.2
Total property, plant and equipment, net			$	811.1					$	878.3

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

			December 31,						December 31,
(in millions)			2024						2023
United States			$	401.0					$	444.2
United Kingdom			150.7						146.5
All other			47.1						45.8
Total operating lease right-of-use assets			$	598.8					$	636.5

Net Sales by Geographic Region

The following table summarizes net sales by geographic region:

			Year Ended December 31,
(in millions)			2024						2023						2022
United States			$	3,490.1					$	3,560.8					$	3,596.0
All other			1,440.8						1,364.6						1,325.2
Total net sales			$	4,930.9					$	4,925.4					$	4,921.2

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