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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Sales Information By Reportable Segments

Segment results for the three and six months ended June 30, 2021 and 2020 and assets as of June 30, 2021 and December 31, 2020 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
2021
Net sales						$	734.7					$	278.3					$	1,635.2					$	231.1					$	2,879.3
Income from operations						103.7						23.1						201.5						26.6						354.9
Depreciation						15.2						6.7						29.6						3.6						55.1
Capital expenditures						8.8						5.0						40.3						3.0						57.1
2020
Net sales						$	555.8					$	178.5					$	1,125.0					$	147.5					$	2,006.8
Income from operations						64.7						5.5						91.0						14.0						175.2
Depreciation						15.2						6.1						26.4						3.0						50.7
Capital expenditures						8.2						3.3						42.8						2.6						56.9

Six Months Ended June 30,						North America						South America						Europe/Middle East						Asia/Pacific/Africa						Consolidated
2021
Net sales						$	1,345.8					$	518.8					$	2,962.4					$	431.0					$	5,258.0
Income from operations						178.6						39.3						345.8						47.6						611.3
Depreciation						30.8						13.3						58.0						7.8						109.9
Capital expenditures						21.1						11.6						83.8						4.1						120.6
2020
Net sales						$	1,107.7					$	332.4					$	2,238.3					$	256.7					$	3,935.1
Income (loss) from operations						125.6						(3.3)						193.3						12.7						328.3
Depreciation						30.8						13.5						52.4						5.6						102.3
Capital expenditures						18.3						10.4						84.5						4.3						117.5
Assets
As of June 30, 2021						$	1,289.6					$	833.3					$	2,695.0					$	587.0					$	5,404.9
As of December 31, 2020						1,051.9						687.6						2,238.7						536.2						4,514.4

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,
			2021						2020						2021						2020
Segment income from operations			$	354.9					$	175.2					$	611.3					$	328.3
Corporate expenses			(37.5)						(29.1)						(73.4)						(63.5)
Amortization of intangibles			(14.2)						(14.9)						(31.7)						(29.9)
Goodwill impairment charge			—						(20.0)						—						(20.0)
Stock compensation expense			(8.2)						(10.1)						(14.7)						(12.6)
Restructuring expenses			(4.7)						(3.8)						(6.0)						(4.6)
Consolidated income from operations			$	290.3					$	97.3					$	485.5					$	197.7

Reconciliation of Assets from Segment to Consolidated

			June 30, 2021						December 31, 2020
Segment assets			$	5,404.9					$	4,514.4
Cash and cash equivalents			500.2						1,119.1
Investments in affiliates			475.4						442.7
Deferred tax assets, other current and noncurrent assets			771.0						665.9
Intangible assets, net			417.5						455.6
Goodwill			1,294.3						1,306.5
Consolidated total assets			$	8,863.3					$	8,504.2

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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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