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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Sales Information By Reportable Segments
Segment results for the three and nine months ended September 30, 2014 and 2013 and assets as of September 30, 2014 and December 31, 2013 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended September 30,
 
North
America
 
South
America
 
Europe/Africa/
Middle East
 
Asia/
Pacific
 
Consolidated
2014
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
531.3

 
$
455.0

 
$
1,026.0

 
$
142.5

 
$
2,154.8

Income (loss) from operations
 
37.3

 
36.4

 
57.0

 
(1.0
)
 
129.7

Depreciation
 
15.1

 
7.1

 
34.1

 
4.8

 
61.1

Capital expenditures
 
14.0

 
14.1

 
35.7

 
10.0

 
73.8

2013
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
686.6

 
$
572.3

 
$
1,086.4

 
$
130.6

 
$
2,475.9

Income (loss) from operations
 
78.1

 
71.9

 
98.4

 
(2.6
)
 
245.8

Depreciation
 
13.6

 
5.8

 
30.9

 
2.1

 
52.4

Capital expenditures
 
25.0

 
13.5

 
40.7

 
10.4

 
89.6


Nine Months Ended September 30,
 
North
America
 
South
America
 
Europe/Africa/
Middle East
 
Asia/
Pacific
 
Consolidated
2014
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
1,865.0

 
$
1,248.8

 
$
3,783.8

 
$
340.9

 
$
7,238.5

Income (loss) from operations
 
188.3

 
94.2

 
366.0

 
(5.6
)
 
642.9

Depreciation
 
44.5

 
19.9

 
104.3

 
11.7

 
180.4

Capital expenditures
 
50.7

 
30.6

 
117.8

 
30.2

 
229.3

2013
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
2,099.7

 
$
1,578.0

 
$
3,878.6

 
$
370.9

 
$
7,927.2

Income from operations
 
271.8

 
179.9

 
403.0

 
2.1

 
856.8

Depreciation
 
37.8

 
18.5

 
90.9

 
6.6

 
153.8

Capital expenditures
 
52.5

 
44.1

 
142.4

 
24.8

 
263.8

Assets
 
 
 
 
 
 
 
 
 
 
As of September 30, 2014
 
$
1,144.9

 
$
810.1

 
$
2,415.4

 
$
408.2

 
$
4,778.6

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 September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Segment income from operations
$
129.7

 
$
245.8

 
$
642.9

 
$
856.8

Corporate expenses
(28.7
)
 
(29.5
)
 
(88.3
)
 
(85.5
)
Stock compensation credit (expense)
21.0

 
(5.5
)
 
9.8

 
(31.9
)
Restructuring and other infrequent expenses
(2.9
)
 

 
(2.9
)
 

Amortization of intangibles
(10.4
)
 
(11.8
)
 
(30.4
)
 
(35.9
)
Consolidated income from operations
$
108.7

 
$
199.0

 
$
531.1

 
$
703.5

Reconciliation of Assets from Segment to Consolidated
 
September 30, 2014
 
December 31, 2013
Segment assets
$
4,778.6

 
$
4,434.7

Cash and cash equivalents
320.9

 
1,047.2

Receivables from affiliates
145.4

 
124.3

Investments in affiliates
432.2

 
416.1

Deferred tax assets, other current and noncurrent assets
640.7

 
672.2

Intangible assets, net
569.6

 
565.6

Goodwill
1,226.5

 
1,178.7

Consolidated total assets
$
8,113.9

 
$
8,438.8