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Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Results By Reportable Segments

Segment results for the years ended December 31, 2022, 2021 and 2020 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
2022
Net sales						$	3,175.1					$	2,121.6					$	6,447.3					$	907.4					$	12,651.4
Income from operations						278.8						373.9						784.1						116.9						1,553.7
Depreciation						60.5						29.4						104.7						14.9						209.5
Assets						1,790.3						1,259.8						2,475.6						650.5						6,176.2
Capital expenditures						119.6						54.4						207.4						6.9						388.3
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

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):

			2022						2021						2020
Segment income from operations			$	1,553.7					$	1,239.6					$	870.4
Corporate expenses			(153.4)						(135.2)						(134.7)
Amortization of intangibles			(60.1)						(61.1)						(59.5)
Stock compensation expense			(32.7)						(26.6)						(36.8)
Impairment charges			(36.0)						—						(20.0)
Restructuring expenses			(6.1)						(15.3)						(19.7)
Consolidated income from operations			$	1,265.4					$	1,001.4					$	599.7
Segment assets			$	6,176.2					$	5,210.1					$	4,514.4
Cash and cash equivalents			789.5						889.1						1,119.1
Investments in affiliates			436.9						413.5						442.7
Deferred tax assets, other current and noncurrent assets			1,025.9						996.4						665.9
Intangible assets, net			364.4						392.2						455.6
Goodwill			1,310.8						1,280.8						1,306.5
Consolidated total assets			$	10,103.7					$	9,182.1					$	8,504.2

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, 2022 and 2021 was as follows (in millions):

			2022						2021
United States			$	571.0					$	499.1
Germany			475.8						446.7
Brazil			206.0						144.9
Finland			192.6						189.5
France			125.8						133.2
Italy			102.7						112.7
China			77.5						91.6
Denmark			71.4						84.7
Other			211.9						222.0
			$	2,034.7					$	1,924.4

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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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