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Segment Results (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Results

The following table presents the Company’s segment results:

(dollars in millions)			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Net sales
North America			$	790.7					$	722.3					$	1,557.0					$	1,475.0
Rest of World			244.8						244.2						471.7						463.3
Inter-segment			(11.2)						(5.7)						(25.6)						(11.1)
			$	1,024.3					$	960.8					$	2,003.1					$	1,927.2
Segment earnings
North America(1)			$	198.4					$	199.1					$	397.1					$	387.7
Rest of World(2)			25.9						28.3						43.1						33.6
Inter-segment earnings elimination			(0.1)						—						(0.4)						—
			224.2						227.4						439.8						421.3
Corporate expense(3)			(15.8)						(14.0)						(37.7)						(32.6)
Interest expense			(1.8)						(4.5)						(2.8)						(8.5)
Earnings before income taxes			206.6						208.9						399.3						380.2
Provision for income taxes			50.4						51.9						95.5						96.3
Net earnings			$	156.2					$	157.0					$	303.8					$	283.9
Additional Information
(1) Adjustments: North America
includes pension settlement income of:			$	—					$	(5.0)					$	—					$	(5.0)
(2) Adjustments: Rest of World
includes impairment expense of:			—						—						—						12.5
(3) Adjustments: Corporate expense
includes pension settlement income of:			—						(1.0)						—						(1.0)
includes impairment expense of:			—						—						—						3.1

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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X

- References

No definition available.

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