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Segment Reporting
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Disclosure
15. BUSINESS SEGMENTS
The Company has operating segments comprising three strategic business units consisting of EES, CSS and UBS. These operating segments are equivalent to the Company’s reportable segments. The Company’s chief operating decision maker evaluates the performance of its operating segments based on net sales, adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”), and adjusted EBITDA margin percentage.
The Company incurs corporate costs primarily related to treasury, tax, information technology, legal and other centralized functions. The Company also has various corporate assets. Segment assets may not include jointly used assets, but segment results include depreciation expense or other allocations related to those assets. Interest expense and other non-operating items are either not allocated to the segments or reviewed on a segment basis. Corporate expenses and assets not directly identifiable with a reportable segment are reported in the tables below to reconcile the reportable segments to the consolidated financial statements.
The following tables set forth financial information by reportable segment for the periods presented:
(In millions)Three Months Ended March 31, 2024
EESCSSUBSTotal
Net sales$2,099.0 $1,670.1 $1,580.9 $5,350.0 
Three Months Ended March 31, 2023
(In millions)EESCSSUBSTotal
Net sales$2,135.1 $1,732.0 $1,654.8 $5,521.9 

(In millions)Three Months Ended March 31, 2024
EESCSSUBS
Adjusted EBITDA$165.8$127.2$169.4
Adjusted EBITDA Margin %7.9 %7.6 %10.7 %
Three Months Ended March 31, 2023
(In millions)EESCSSUBS
Adjusted EBITDA$183.0$155.5$187.7
Adjusted EBITDA Margin %8.6 %9.0 %11.3 %
(In millions)Three Months Ended March 31, 2024
EESCSSUBS
Depreciation and amortization$11.2$18.0$7.0
Other expense, net
5.718.80.8
Three Months Ended March 31, 2023
(In millions)EESCSSUBS
Depreciation and amortization$9.9$18.0$6.0
Other expense, net
0.50.80.6
The following table sets forth total assets by reportable segment for the periods presented:
As of
March 31, 2024
(In millions)EESCSSUBS
Corporate(1)
Total
Total assets$4,620.5 $5,502.9 $3,992.7 $1,422.9 $15,539.0 
As of
December 31, 2023
(In millions)EESCSSUBS
Corporate(1)
Total
Total assets$4,553.6 $5,626.6 $3,908.5 $972.2 $15,060.9 
(1)    Total assets for Corporate primarily consist of cash and cash equivalents, deferred income taxes, property, buildings and equipment, capitalized cloud computing arrangement costs, operating lease assets, and pension as