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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Sales Information By Reportable Segments

Segment results for the three months ended March 31, 2023 and 2022 and assets as of March 31, 2023 and December 31, 2022 based on the Company’s reportable segments are as follows (in millions):

Three Months Ended March 31,						North America						South America						Europe/Middle East						Asia/Pacific/Africa						Consolidated
2023
Net sales						$	923.1					$	503.8					$	1,703.8					$	202.8					$	3,333.5
Income from operations						102.1						99.5						239.4						18.1						459.1
Depreciation						14.9						7.8						26.8						4.1						53.6
Capital expenditures						37.3						20.3						67.0						0.7						125.3
2022
Net sales						$	701.0					$	356.4					$	1,403.1					$	225.2					$	2,685.7
Income from operations						54.8						46.1						162.3						34.0						297.2
Depreciation						15.2						7.0						28.2						4.3						54.7
Capital expenditures						15.7						10.0						39.2						1.4						66.3
Assets
As of March 31, 2023						$	1,957.8					$	1,386.8					$	2,898.0					$	771.7					$	7,014.3
As of December 31, 2022						1,790.3						1,259.8						2,475.6						650.5						6,176.2

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 March 31,
			2023						2022
Segment income from operations			$	459.1					$	297.2
Impairment charges			—						(36.0)
Corporate expenses			(42.1)						(32.2)
Amortization of intangibles			(14.8)						(15.3)
Stock compensation expense			(13.5)						(6.7)
Restructuring expenses			(1.4)						(3.0)
Consolidated income from operations			$	387.3					$	204.0

Reconciliation of Assets from Segment to Consolidated

			March 31, 2023						December 31, 2022
Segment assets			$	7,014.3					$	6,176.2
Cash, cash equivalents and restricted cash			558.7						789.5
Investments in affiliates			456.5						436.9
Deferred tax assets, other current and noncurrent assets			1,105.6						1,025.9
Intangible assets, net			354.0						364.4
Goodwill			1,322.5						1,310.8
Consolidated total assets			$	10,811.6					$	10,103.7

X

- 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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