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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Results By Reportable Segments | Segment results for the years ended December 31, 2021, 2020 and 2019 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
2021 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 2,659.2 |  |  | $ | 1,307.7 |  |  | $ | 6,221.7 |  |  | $ | 949.7 |  |  | $ | 11,138.3 |
Income from operations |  | 238.1 |  |  | 132.2 |  |  | 755.4 |  |  | 113.9 |  |  | 1,239.6 |
Depreciation |  | 60.8 |  |  | 26.5 |  |  | 116.5 |  |  | 16.9 |  |  | 220.7 |
Assets |  | 1,328.1 |  |  | 922.7 |  |  | 2,348.7 |  |  | 610.6 |  |  | 5,210.1 |
Capital expenditures |  | 41.2 |  |  | 32.5 |  |  | 184.6 |  |  | 11.5 |  |  | 269.8 |
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 |
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):
| 2021 |  | 2020 |  | 2019
Segment income from operations | $ | 1,239.6 |  |  | $ | 870.4 |  |  | $ | 763.8 |
Corporate expenses | (135.2) |  |  | (134.7) |  |  | (129.0) |
Amortization of intangibles | (61.1) |  |  | (59.5) |  |  | (61.1) |
Stock compensation expense | (26.6) |  |  | (36.8) |  |  | (40.0) |
Impairment charges | — |  |  | (20.0) |  |  | (176.6) |
Restructuring expenses | (15.3) |  |  | (19.7) |  |  | (9.0) |
Consolidated income from operations | $ | 1,001.4 |  |  | $ | 599.7 |  |  | $ | 348.1 |
Segment assets | $ | 5,210.1 |  |  | $ | 4,514.4 |  |  | $ | 4,501.5 |
Cash and cash equivalents | 889.1 |  |  | 1,119.1 |  |  | 432.8 |
Investments in affiliates | 413.5 |  |  | 442.7 |  |  | 380.2 |
Deferred tax assets, other current and noncurrent assets | 996.4 |  |  | 665.9 |  |  | 645.2 |
Intangible assets, net | 392.2 |  |  | 455.6 |  |  | 501.7 |
Goodwill | 1,280.8 |  |  | 1,306.5 |  |  | 1,298.3 |
Consolidated total assets | $ | 9,182.1 |  |  | $ | 8,504.2 |  |  | $ | 7,759.7 |
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, 2021 and 2020 was as follows (in millions):
| 2021 |  | 2020
United States | $ | 499.1 |  |  | $ | 541.2 |
Germany | 446.7 |  |  | 456.6 |
Finland | 189.5 |  |  | 191.4 |
Brazil | 144.9 |  |  | 150.4 |
France | 133.2 |  |  | 137.6 |
Italy | 112.7 |  |  | 129.0 |
China | 91.6 |  |  | 98.9 |
Denmark | 84.7 |  |  | 101.9 |
Other | 222.0 |  |  | 232.8 |
| $ | 1,924.4 |  |  | $ | 2,039.8 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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