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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Sales Information By Reportable Segments

Segment results for the three and six months ended June 30, 2019 and 2018 and assets as of June 30, 2019 and December 31, 2018 based on the Company’s reportable segments were as follows (in millions):

Three Months Ended June 30,		North America				South America				Europe/Middle East				Asia/Pacific/Africa				Consolidated
2019
Net sales		$	618.9			$	185.8			$	1,457.2			$	160.7			$	2,422.6
Income (loss) from operations		51.4				(7.1		)		208.8				7.0				260.1
Depreciation		16.1				8.2				26.4				3.4				54.1
Capital expenditures		11.6				5.0				35.4				2.0				54.0
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

Six Months Ended June 30,		North America				South America				Europe/ Middle East				Asia/ Pacific/Africa				Consolidated
2019
Net sales		$	1,115.1			$	341.9			$	2,667.8			$	293.6			$	4,418.4
Income (loss) from operations		82.0				(15.6		)		336.5				10.4				413.3
Depreciation		31.7				16.7				52.4				6.3				107.1
Capital expenditures		29.9				17.1				64.9				3.0				114.9
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
Assets
As of June 30, 2019		$	1,244.6			$	873.4			$	2,392.4			$	519.9			$	5,030.3
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 June 30,								Six Months Ended June 30,
	2019				2018				2019				2018
Segment income from operations	$	260.1			$	234.0			$	413.3			$	347.9
Corporate expenses	(32.9		)		(32.5		)		(64.7		)		(65.9		)
Stock compensation expense	(12.2		)		(12.5		)		(24.2		)		(20.9		)
Restructuring expenses	—				(2.7		)		(1.7		)		(8.6		)
Amortization of intangibles	(15.4		)		(18.2		)		(30.7		)		(33.9		)
Consolidated income from operations	$	199.6			$	168.1			$	292.0			$	218.6

Reconciliation of Assets from Segment to Consolidated

	June 30, 2019				December 31, 2018
Segment assets	$	5,030.3			$	4,175.1
Cash and cash equivalents	279.9				326.1
Investments in affiliates	404.7				400.0
Deferred tax assets, other current and noncurrent assets	664.6				656.6
Intangible assets, net	541.6				573.1
Goodwill	1,494.0				1,495.5
Consolidated total assets	$	8,415.1			$	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 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.

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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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