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Business segments and other information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Business segments and other information | The following tables present our segment results for the years ended December 31, 2023, 2022 and 2021:
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Americas | $ | 1,715,331 |  |  | $ | 1,653,724 |  |  | $ | 1,659,309 |
EMEA | 586,245 |  |  | 558,373 |  |  | 606,807 |
Asia | 346,905 |  |  | 306,320 |  |  | 297,766 |
OEM | 326,008 |  |  | 272,624 |  |  | 245,681 |
Net revenues | $ | 2,974,489 |  |  | $ | 2,791,041 |  |  | $ | 2,809,563 |
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Americas | $ | 453,062 |  |  | $ | 452,030 |  |  | $ | 424,225 |
EMEA | 52,190 |  |  | 42,465 |  |  | 94,865 |
Asia | 90,095 |  |  | 82,786 |  |  | 84,648 |
OEM | 86,206 |  |  | 65,379 |  |  | 56,210 |
Total segment operating profit (1) | 681,553 |  |  | 642,660 |  |  | 659,948 |
Unallocated expenses (2) | (175,240) |  |  | (142,935) |  |  | (31,853) |
Income from continuing operations before interest, loss on extinguishment of debt and taxes | $ | 506,313 |  |  | $ | 499,725 |  |  | $ | 628,095 |
(1) Segment operating profit includes segment net revenues from external customers reduced by its standard cost of goods sold, adjusted for fixed manufacturing cost absorption variances, selling, general and administrative expenses, research and development expenses and an allocation of corporate expenses. Commencing on January 1, 2022, all corporate expenses are allocated amongst the segments in proportion to the respective amounts of net revenues. The change in the measure of segment operating profit does not impact period over period comparability because the change was immaterial. For the year ended December 31, 2021, corporate expenses were allocated among the segments in proportion to the respective amounts of one of several items (such as sales, numbers of employees, and amount of time spent), depending on the category of expense involved. (2) Unallocated expenses primarily include manufacturing variances other than fixed manufacturing cost absorption variances, restructuring and impairment charges, gain on sale of business and settlement charges related to our plan to terminate the TRIP, as described in Note 16.
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Americas | $ | 169,059 |  |  | $ | 162,898 |  |  | $ | 164,102 |
EMEA | 43,669 |  |  | 39,957 |  |  | 45,022 |
Asia | 11,328 |  |  | 10,107 |  |  | 11,140 |
OEM | 18,062 |  |  | 17,628 |  |  | 17,098 |
Consolidated depreciation and amortization | $ | 242,118 |  |  | $ | 230,590 |  |  | $ | 237,362 |
Total Net Revenues and Total Net Property, Plant and Equipment by Geographic Region | The following tables provide total net revenues and total net property, plant and equipment by geographic region for the years ended December 31, 2023, 2022 and 2021 and as of December 31, 2023 and 2022, respectively.
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
Net revenues (based on selling location): |  |  |  |  |
U.S. | $ | 1,879,898 |  |  | $ | 1,786,467 |  |  | $ | 1,769,488 |
Europe | 665,185 |  |  | 622,343 |  |  | 665,000 |
Asia Pacific | 307,513 |  |  | 270,749 |  |  | 263,022 |
All other | 121,893 |  |  | 111,482 |  |  | 112,053 |
| $ | 2,974,489 |  |  | $ | 2,791,041 |  |  | $ | 2,809,563 |
|  |  | As of December 31,
Net property, plant and equipment: |  |  | 2023 |  | 2022
U.S. |  |  | $ | 200,969 |  |  | $ | 193,618 |
Malaysia |  |  | 71,947 |  |  | 73,441 |
Mexico |  |  | 112,339 |  |  | 82,334 |
All other |  |  | 94,658 |  |  | 97,812 |
|  |  | $ | 479,913 |  |  | $ | 447,205 |

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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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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