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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Sales Information By Reportable Segments | Segment results for the three and six months ended June 30, 2018 and 2017 and assets as of June 30, 2018 and December 31, 2017 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended June 30, |  | North America |  | South America |  | Europe/ Middle East |  | Asia/ Pacific/Africa |  | Consolidated
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 600.5 |  |  | $ | 219.6 |  |  | $ | 1,545.2 |  |  | $ | 172.3 |  |  | $ | 2,537.6 |
Income (loss) from operations |  | 37.6 |  |  | (16.7 | ) |  | 208.5 |  |  | 4.6 |  |  | 234.0 |
Depreciation |  | 16.8 |  |  | 7.3 |  |  | 28.4 |  |  | 3.4 |  |  | 55.9 |
Capital expenditures |  | 10.1 |  |  | 7.3 |  |  | 24.3 |  |  | 2.0 |  |  | 43.7 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 478.8 |  |  | $ | 251.9 |  |  | $ | 1,269.5 |  |  | $ | 165.0 |  |  | $ | 2,165.2 |
Income from operations |  | 23.6 |  |  | 2.8 |  |  | 170.3 |  |  | 5.7 |  |  | 202.4 |
Depreciation |  | 15.7 |  |  | 7.9 |  |  | 28.0 |  |  | 3.0 |  |  | 54.6 |
Capital expenditures |  | 9.1 |  |  | 8.4 |  |  | 15.5 |  |  | 2.2 |  |  | 35.2 |
Six Months Ended June 30, |  | North America |  | South America |  | Europe/ Middle East |  | Asia/ Pacific/Africa |  | Consolidated
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 1,103.4 |  |  | $ | 401.7 |  |  | $ | 2,708.9 |  |  | $ | 331.1 |  |  | $ | 4,545.1 |
Income (loss) from operations |  | 64.4 |  |  | (33.3 | ) |  | 307.5 |  |  | 9.3 |  |  | 347.9 |
Depreciation |  | 34.0 |  |  | 15.3 |  |  | 58.4 |  |  | 7.4 |  |  | 115.1 |
Capital expenditures |  | 22.2 |  |  | 14.2 |  |  | 49.4 |  |  | 4.0 |  |  | 89.8 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 861.4 |  |  | $ | 474.1 |  |  | $ | 2,162.0 |  |  | $ | 295.3 |  |  | $ | 3,792.8 |
Income from operations |  | 26.6 |  |  | 5.2 |  |  | 233.8 |  |  | 7.8 |  |  | 273.4 |
Depreciation |  | 29.9 |  |  | 14.7 |  |  | 56.7 |  |  | 7.6 |  |  | 108.9 |
Capital expenditures |  | 31.1 |  |  | 20.1 |  |  | 36.5 |  |  | 4.6 |  |  | 92.3 |
Assets |  |  |  |  |  |  |  |  |  |
As of June 30, 2018 |  | $ | 1,145.2 |  |  | $ | 706.0 |  |  | $ | 2,218.6 |  |  | $ | 517.7 |  |  | $ | 4,587.5 |
As of December 31, 2017 |  | $ | 1,064.1 |  |  | $ | 752.1 |  |  | $ | 2,074.4 |  |  | $ | 499.4 |  |  | $ | 4,390.0 |
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,
| 2018 |  | 2017 |  | 2018 |  | 2017
Segment income from operations | $ | 234.0 |  |  | $ | 202.4 |  |  | $ | 347.9 |  |  | $ | 273.4 |
Corporate expenses | (32.5 | ) |  | (30.1 | ) |  | (65.9 | ) |  | (55.5 | )
Stock compensation expense | (12.5 | ) |  | (9.8 | ) |  | (20.9 | ) |  | (21.2 | )
Restructuring expenses | (2.7 | ) |  | (0.4 | ) |  | (8.6 | ) |  | (5.5 | )
Amortization of intangibles | (18.2 | ) |  | (13.8 | ) |  | (33.9 | ) |  | (27.2 | )
Consolidated income from operations | $ | 168.1 |  |  | $ | 148.3 |  |  | $ | 218.6 |  |  | $ | 164.0 |
Reconciliation of Assets from Segment to Consolidated |
| June 30, 2018 |  | December 31, 2017
Segment assets | $ | 4,587.5 |  |  | $ | 4,390.0 |
Cash and cash equivalents | 280.6 |  |  | 367.7 |
Investments in affiliates | 411.2 |  |  | 409.0 |
Deferred tax assets, other current and noncurrent assets | 633.0 |  |  | 614.6 |
Intangible assets, net | 608.1 |  |  | 649.0 |
Goodwill | 1,503.7 |  |  | 1,541.4 |
Consolidated total assets | $ | 8,024.1 |  |  | $ | 7,971.7 |

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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 + Details
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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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