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Segment Results (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Results

			Three Months Ended September 30, 2025
(dollars in millions)			North America						Rest of World						Inter-segment Elimination						Total Segments						Corporate Expenses						Total
Sales from external customers			$	737.7					$	204.8					$	—					$	942.5					$	—					$	942.5
Inter-segment sales			5.1						3.1						—						8.2						—						8.2
			742.8						207.9						—						950.7						—						950.7
Elimination of Inter-segment sales			(5.1)						(3.1)						—						(8.2)						—						(8.2)
Net Sales			737.7						204.8						—						942.5						—						942.5
Cost of products sold			447.9						130.1						—						578.0						—						578.0
Gross Profit			289.8						74.7						—						364.5						—						364.5
Inter-segment Profit			—						—						—						—						—						—
Selling, general and administrative expenses			109.6						58.6						—						168.2						20.7						188.9
Other (income) expense, net			0.5						0.7						—						1.2						(1.0)						0.2
Earnings			$	179.7					$	15.4					$	—					$	195.1					$	(19.7)					$	175.4
Interest expense																																	(3.6)
Earnings before provision for income taxes																																	$	171.8

			Three Months Ended September 30, 2024
(dollars in millions)			North America						Rest of World						Inter-segment Elimination						Total Segments						Corporate Expenses						Total
Sales from external customers			$	697.6					$	205.0					$	—					$	902.6					$	—					$	902.6
Inter-segment sales			5.7						5.3						—						11.0						—						11.0
			703.3						210.3						—						913.6						—						913.6
Elimination of Inter-segment sales			(5.7)						(5.3)						—						(11.0)						—						(11.0)
Net Sales			697.6						205.0						—						902.6						—						902.6
Cost of products sold			432.8						132.5						—						565.3						—						565.3
Gross Profit			264.8						72.5						—						337.3						—						337.3
Inter-segment Profit			—						—						—						—						—						—
Selling, general and administrative expenses			102.7						58.6						—						161.3						15.3						176.6
Other expense (income), net			(0.4)						0.3						—						(0.1)						2.7						2.6
Earnings			$	162.5					$	13.6					$	—					$	176.1					$	(18.0)					$	158.1
Interest expense																																	(1.5)
Earnings before provision for income taxes																																	$	156.6

			Nine Months Ended September 30, 2025
(dollars in millions)			North America						Rest of World						Inter-segment Elimination						Total Segments						Corporate Expenses						Total
Sales from external customers			$	2,255.1					$	662.6					$	—					$	2,917.7					$	—					$	2,917.7
Inter-segment sales			15.4						12.1						—						27.5						—						27.5
			2,270.5						674.7						—						2,945.2						—						2,945.2
Elimination of Inter-segment sales			(15.4)						(12.1)						—						(27.5)						—						(27.5)
Net Sales			2,255.1						662.6						—						2,917.7						—						2,917.7
Cost of products sold			1,356.9						423.8						—						1,780.7						—						1,780.7
Gross Profit			898.2						238.8						—						1,137.0						—						1,137.0
Inter-segment Profit			—						0.2						(0.2)						—						—						—
Selling, general and administrative expenses			335.8						176.6						—						512.4						60.4						572.8
Other (income) expense, net			(0.6)						2.0						—						1.4						(2.8)						(1.4)
Earnings			$	563.0					$	60.4					$	(0.2)					$	623.2					$	(57.6)					$	565.6
Interest expense																																	(11.1)
Earnings before provision for income taxes																																	$	554.5

			Nine Months Ended September 30, 2024
(dollars in millions)			North America						Rest of World						Inter-segment Elimination						Total Segments						Corporate Expenses						Total
Sales from external customers			$	2,243.6					$	662.1					$	—					$	2,905.7					$	—					$	2,905.7
Inter-segment sales			16.7						19.9						—						36.6						—						36.6
			2,260.3						682.0						—						2,942.3						—						2,942.3
Elimination of Inter-segment sales			(16.7)						(19.9)						—						(36.6)						—						(36.6)
Net Sales			2,243.6						662.1						—						2,905.7						—						2,905.7
Cost of products sold			1,356.3						431.4						—						1,787.7						—						1,787.7
Gross Profit			887.3						230.7						—						1,118.0						—						1,118.0
Inter-segment Profit			—						0.4						(0.4)						—						—						—
Selling, general and administrative expenses			327.0						175.7						—						502.7						54.6						557.3
Other expense (income), net			0.7						(1.3)						—						(0.6)						1.1						0.5
Earnings			$	559.6					$	56.7					$	(0.4)					$	615.9					$	(55.7)					$	560.2
Interest expense																																	(4.3)
Earnings before provision for income taxes																																	$	555.9

Assets, depreciation and capital expenditures by segment

Assets
(dollars in millions)			September 30, 2025						December 31, 2024
North America			$	2,365.2					$	2,315.2
Rest of World			556.1						592.1
Total Segments			2,921.3						2,907.3
Corporate(1)			249.4						332.7
Total			$	3,170.7					$	3,240.0

(1) The majority of corporate assets consist of cash, cash equivalents, marketable securities, and deferred income taxes.

Depreciation and amortization			Three Months Ended September 30,												Nine Months Ended September 30,
(dollars in millions)			2025						2024						2025						2024
North America			$	16.5					$	15.3					$	47.5					$	45.1
Rest of World			4.8						4.6						14.2						13.3
Total Segments			21.3						19.9						61.7						58.4
Corporate			0.3						0.4						1.1						1.1
Total			$	21.6					$	20.3					$	62.8					$	59.5

Capital expenditures			Three Months Ended September 30,												Nine Months Ended September 30,
(dollars in millions)			2025						2024						2025						2024
North America			$	12.4					$	30.9					$	45.1					$	71.4
Rest of World			2.4						1.6						8.1						5.9
Total Segments			14.8						32.5						53.2						77.3
Corporate			—						—						—						0.1
Total			$	14.8					$	32.5					$	53.2					$	77.4

X

- 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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- References

No definition available.

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