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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Sales Information By Reportable Segments

Segment results for the years ended December 31, 2020, 2019 and 2018 based on the Company’s reportable segments are as follows (in millions):

Years Ended December 31,						North America						South America						Europe/Middle East						Asia/Pacific/Africa						Consolidated
2020
Net sales						$	2,175.0					$	873.8					$	5,366.9					$	734.0					$	9,149.7
Income from operations						193.7						29.3						585.3						62.1						870.4
Depreciation						61.3						25.8						110.5						14.9						212.5
Assets						1,051.9						687.6						2,238.7						536.2						4,514.4
Capital expenditures						42.2						18.8						201.8						7.1						269.9
2019
Net sales						$	2,191.8					$	802.2					$	5,328.8					$	718.6					$	9,041.4
Income (loss) from operations						121.6						(39.4)						638.2						43.4						763.8
Depreciation						61.6						32.4						102.7						14.2						210.9
Assets						1,125.6						758.0						2,187.7						430.2						4,501.5
Capital expenditures						52.1						32.9						173.5						14.9						273.4
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

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):

			2020						2019						2018
Segment income from operations			$	870.4					$	763.8					$	743.7
Corporate expenses			(134.7)						(129.0)						(133.7)
Amortization of intangibles			(59.5)						(61.1)						(64.7)
Stock compensation expense			(36.8)						(40.0)						(44.3)
Impairment charges			(20.0)						(176.6)						—
Restructuring expenses			(19.7)						(9.0)						(12.0)
Consolidated income from operations			$	599.7					$	348.1					$	489.0
Segment assets			$	4,514.4					$	4,501.5					$	4,175.1
Cash and cash equivalents			1,119.1						432.8						326.1
Investments in affiliates			442.7						380.2						400.0
Deferred tax assets, other current and noncurrent assets			665.9						645.2						656.6
Intangible assets, net			455.6						501.7						573.1
Goodwill			1,306.5						1,298.3						1,495.5
Consolidated total assets			$	8,504.2					$	7,759.7					$	7,626.4

Schedule of Segment Reporting Information, Property, Plant And Equipment and Amortizable Intangible Assets By Country

Property, plant and equipment, right-of-use lease assets and amortizable intangible assets by country as of December 31, 2020 and 2019 was as follows (in millions):

			2020						2019
United States			$	541.2					$	604.2
Germany			456.6						392.7
Finland			191.4						156.1
Brazil			150.4						199.9
France			137.6						123.4
Italy			129.0						112.3
Denmark			101.9						99.2
China			98.9						99.8
Other			232.8						231.4
			$	2,039.8					$	2,019.0

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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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