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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Sales Information By Reportable Segments

Segment results for the three months ended March 31, 2019 and 2018 and assets as of March 31, 2019 and December 31, 2018 based on the Company’s reportable segments are as follows (in millions):

Three Months Ended March 31,		North America				South America				Europe/Middle East				Asia/Pacific/Africa				Consolidated
2019
Net sales		$	496.2			$	156.1			$	1,210.6			$	132.9			$	1,995.8
Income (loss) from operations		30.6				(8.5		)		127.7				3.4				153.2
Depreciation		15.6				8.5				26.0				2.9				53.0
Capital expenditures		18.3				12.1				29.5				1.0				60.9
2018
Net sales		$	502.9			$	182.1			$	1,163.7			$	158.8			$	2,007.5
Income (loss) from operations		26.8				(16.6		)		99.0				4.7				113.9
Depreciation		17.2				8.0				30.0				4.0				59.2
Capital expenditures		12.1				6.9				25.1				2.0				46.1
Assets
As of March 31, 2019		$	1,235.2			$	825.0			$	2,259.3			$	485.4			$	4,804.9
As of December 31, 2018		1,032.1				736.1				1,905.8				501.1				4,175.1

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,
	2019				2018
Segment income from operations	$	153.2			$	113.9
Corporate expenses	(31.8		)		(33.4		)
Stock compensation expense	(12.0		)		(8.4		)
Restructuring expenses	(1.7		)		(5.9		)
Amortization of intangibles	(15.3		)		(15.7		)
Consolidated income from operations	$	92.4			$	50.5

Reconciliation of Assets from Segment to Consolidated

	March 31, 2019				December 31, 2018
Segment assets	$	4,804.9			$	4,175.1
Cash and cash equivalents	292.8				326.1
Investments in affiliates	393.2				400.0
Deferred tax assets, other current and noncurrent assets	672.5				656.6
Intangible assets, net	555.3				573.1
Goodwill	1,485.6				1,495.5
Consolidated total assets	$	8,204.3			$	7,626.4

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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.

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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.

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