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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Sales Information By Reportable Segments
Segment results for the three and six months ended June 30, 2016 and 2015 and assets as of June 30, 2016 and December 31, 2015 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended June 30,
 
North
America
 
South
America
 
Europe/Africa/
Middle East
 
Asia/
Pacific
 
Consolidated
2016
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
498.9

 
$
203.4

 
$
1,185.3

 
$
108.0

 
$
1,995.6

Income from operations
 
23.6

 

 
143.3

 
2.2

 
169.1

Depreciation
 
16.5

 
5.3

 
31.0

 
3.6

 
56.4

Capital expenditures
 
8.4

 
8.2

 
18.6

 
1.1

 
36.3

2015
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
563.1

 
$
280.3

 
$
1,137.0

 
$
88.9

 
$
2,069.3

Income (loss) from operations
 
58.0

 
15.2

 
134.6

 
(10.9
)
 
196.9

Depreciation
 
15.2

 
5.5

 
30.6

 
2.8

 
54.1

Capital expenditures
 
9.0

 
3.1

 
17.4

 
8.9

 
38.4

Six Months Ended June 30,
 
North
America
 
South
America
 
Europe/Africa/
Middle East
 
Asia/
Pacific
 
Consolidated
2016
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
907.3

 
$
347.6

 
$
2,109.4

 
$
190.6

 
$
3,554.9

Income (loss) from operations
 
22.9

 
0.4

 
213.6

 
(0.7
)
 
236.2

Depreciation
 
32.1

 
9.9

 
62.7

 
7.2

 
111.9

Capital expenditures
 
19.8

 
14.4

 
34.3

 
3.5

 
72.0

2015
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
1,035.6

 
$
529.3

 
$
2,045.1

 
$
161.9

 
$
3,771.9

Income (loss) from operations
 
75.5

 
28.3

 
215.1

 
(22.9
)
 
296.0

Depreciation
 
30.5

 
11.5

 
60.4

 
5.8

 
108.2

Capital expenditures
 
26.0

 
10.0

 
47.3

 
18.0

 
101.3

Assets
 
 
 
 
 
 
 
 
 
 
As of June 30, 2016
 
$
985.5

 
$
645.7

 
$
1,979.1

 
$
404.2

 
$
4,014.5

As of December 31, 2015
 
$
943.7

 
$
490.0

 
$
1,757.2

 
$
346.3

 
$
3,537.2


    

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 June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Segment income from operations
$
169.1

 
$
196.9

 
$
236.2

 
$
296.0

Corporate expenses
(31.3
)
 
(27.4
)
 
(61.0
)
 
(56.4
)
Stock compensation expense
(5.7
)
 
(4.7
)
 
(10.8
)
 
(6.9
)
Restructuring expenses
(2.1
)
 
(4.0
)
 
(4.0
)
 
(14.6
)
Amortization of intangibles
(11.4
)
 
(10.9
)
 
(22.4
)
 
(21.4
)
Consolidated income from operations
$
118.6

 
$
149.9

 
$
138.0

 
$
196.7

Reconciliation of Assets from Segment to Consolidated
 
June 30, 2016
 
December 31, 2015
Segment assets
$
4,014.5

 
$
3,537.2

Cash and cash equivalents
324.7

 
426.7

Receivables from affiliates
50.7

 
70.1

Investments in affiliates
424.7

 
392.9

Deferred tax assets, other current and noncurrent assets
504.4

 
448.6

Intangible assets, net
520.8

 
507.7

Goodwill
1,176.1

 
1,114.5

Consolidated total assets
$
7,015.9

 
$
6,497.7