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Segment Reporting (Tables)
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Sales Information By Reportable Segments
Segment results for the years ended December 31, 2018, 2017 and 2016 based on the Company’s current reportable segments are as follows (in millions):
Years Ended December 31,
 
North America
 
South America
 
Europe/Middle East
 
Asia/Pacific/Africa
 
Consolidated
2018
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
2,180.1

 
$
959.0

 
$
5,385.1

 
$
827.8

 
$
9,352.0

Income (loss) from operations
 
103.1

 
(10.1
)
 
601.1

 
49.6

 
743.7

Depreciation
 
67.6

 
30.5

 
111.3

 
15.8

 
225.2

Assets
 
1,032.1

 
736.1

 
1,905.8

 
501.1

 
4,175.1

Capital expenditures
 
43.3

 
30.4

 
120.3

 
9.3

 
203.3

2017
 
 

 
 

 
 

 
 

 
 

Net sales
 
$
1,876.7

 
$
1,063.5

 
$
4,614.3

 
$
752.0

 
$
8,306.5

Income from operations
 
66.9

 
15.4

 
493.3

 
48.8

 
624.4

Depreciation
 
61.5

 
30.5

 
113.0

 
17.8

 
222.8

Assets
 
1,064.1

 
752.1

 
2,074.4

 
499.4

 
4,390.0

Capital expenditures
 
59.1

 
43.0

 
92.9

 
8.9

 
203.9

2016
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
1,807.7

 
$
917.5

 
$
4,089.7

 
$
595.6

 
$
7,410.5

Income from operations
 
41.6

 
20.4

 
400.2

 
19.7

 
481.9

Depreciation
 
62.5

 
22.9

 
116.6

 
21.4

 
223.4

Assets
 
978.5

 
739.4

 
1,635.2

 
426.3

 
3,779.4

Capital expenditures
 
45.3

 
56.0

 
90.1

 
9.6

 
201.0

Income From Operations And Total Assets
A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions):
 
2018
 
2017
 
2016
Segment income from operations
$
743.7

 
$
624.4

 
$
481.9

Corporate expenses
(133.7
)
 
(116.2
)
 
(114.9
)
Stock compensation expense
(44.3
)
 
(35.6
)
 
(16.9
)
Restructuring expenses
(12.0
)
 
(11.2
)
 
(11.9
)
Amortization of intangibles
(64.7
)
 
(57.0
)
 
(51.2
)
Consolidated income from operations
$
489.0

 
$
404.4

 
$
287.0

 
 
 
 
 
 
Segment assets
$
4,175.1

 
$
4,390.0

 
$
3,779.4

Cash and cash equivalents
326.1

 
367.7

 
429.7

Investments in affiliates
400.0

 
409.0

 
414.9

Deferred tax assets, other current and noncurrent assets
656.6

 
614.6

 
560.7

Intangible assets, net
573.1

 
649.0

 
607.3

Goodwill
1,495.5

 
1,541.4

 
1,376.4

Consolidated total assets
$
7,626.4

 
$
7,971.7

 
$
7,168.4