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Segment Reporting (Tables)
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Sales Information By Reportable Segments
Segment results for the three months ended March 31, 2014 and 2013 and assets as of March 31, 2014 and December 31, 2013 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended March 31,
 
North
America
 
South
America
 
Europe/Africa/
Middle East
 
Asia/
Pacific
 
Consolidated
2014
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
647.5

 
$
353.6

 
$
1,235.9

 
$
96.4

 
$
2,333.4

Income (loss) from operations
 
55.5

 
27.9

 
120.9

 
(1.3
)
 
203.0

Depreciation
 
15.0

 
6.2

 
34.9

 
3.3

 
59.4

Capital expenditures
 
25.2

 
6.3

 
60.7

 
9.0

 
101.2

2013
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
624.2

 
$
465.7

 
$
1,193.2

 
$
120.0

 
$
2,403.1

Income from operations
 
72.1

 
48.3

 
99.7

 
5.5

 
225.6

Depreciation
 
12.0

 
6.4

 
29.5

 
2.5

 
50.4

Capital expenditures
 
14.9

 
18.0

 
53.2

 
7.9

 
94.0

Assets
 
 
 
 
 
 
 
 
 
 
As of March 31, 2014
 
$
1,131.5

 
$
915.7

 
$
2,664.3

 
$
343.0

 
$
5,054.5

As of December 31, 2013
 
1,002.8

 
773.5

 
2,368.9

 
289.5

 
4,434.7



Reconciliation of Income From Operations from Segment to Consolidated
A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions):
 
 
Three Months Ended March 31,
 
 
2014
 
2013
Segment income from operations
 
$
203.0

 
$
225.6

Corporate expenses
 
(31.4
)
 
(28.3
)
Stock compensation expense
 
(5.9
)
 
(7.9
)
Amortization of intangibles
 
(10.0
)
 
(12.0
)
Consolidated income from operations
 
$
155.7

 
$
177.4

Reconciliation of Assets from Segment to Consolidated
 
March 31, 2014
 
December 31, 2013
Segment assets
$
5,054.5

 
$
4,434.7

Cash and cash equivalents
193.9

 
1,047.2

Receivables from affiliates
202.2

 
124.3

Investments in affiliates
434.1

 
416.1

Deferred tax assets, other current and noncurrent assets
695.3

 
672.2

Intangible assets, net
552.5

 
565.6

Goodwill
1,187.2

 
1,178.7

Consolidated total assets
$
8,319.7

 
$
8,438.8