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v3.25.3

Segment information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment |
| Three Months Ended September 30, 2025
(In millions) | North America |  | Latin America |  | Europe |  | Rest of World |  | Total
Revenues | $ | 434.8 |  |  | 326.8 |  |  | 353.1 |  |  | 220.3 |  |  | 1,335.0 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |
Labor and fringe benefit costs(a) | 151.8 |  |  | 143.4 |  |  | 150.4 |  |  | 58.9 |  |  |
Other cost of revenues segment items(b) | 171.6 |  |  | 87.6 |  |  | 118.6 |  |  | 94.7 |  |  |
Total cost of revenues(a) | 323.4 |  |  | 231.0 |  |  | 269.0 |  |  | 153.6 |  |  |
Selling, general, and administrative(a) | 54.6 |  |  | 29.9 |  |  | 37.9 |  |  | 18.9 |  |  |
Segment operating profit | $ | 56.8 |  |  | 65.9 |  |  | 46.2 |  |  | 47.8 |  |  | 216.7 |
| Three Months Ended September 30, 2024
(In millions) | North America |  | Latin America |  | Europe |  | Rest of World |  | Total
Revenues | $ | 412.6 |  |  | 321.0 |  |  | 315.5 |  |  | 209.4 |  |  | 1,258.5 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |
Labor and fringe benefit costs(a) | 159.7 |  |  | 142.3 |  |  | 137.2 |  |  | 59.9 |  |  |
Other cost of revenues segment items(b) | 156.7 |  |  | 82.5 |  |  | 100.9 |  |  | 88.1 |  |  |
Total cost of revenues(a) | 316.4 |  |  | 224.8 |  |  | 238.1 |  |  | 148.0 |  |  |
Selling, general, and administrative(a) | 54.7 |  |  | 25.9 |  |  | 37.3 |  |  | 17.6 |  |  |
Segment operating profit | $ | 41.5 |  |  | 70.3 |  |  | 40.1 |  |  | 43.8 |  |  | 195.7 |
| Nine Months Ended September 30, 2025
(In millions) | North America |  | Latin America |  | Europe |  | Rest of World |  | Total
Revenues | $ | 1,286.7 |  |  | 953.8 |  |  | 990.0 |  |  | 651.7 |  |  | 3,882.2 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |
Labor and fringe benefit costs(a) | 459.4 |  |  | 429.6 |  |  | 430.2 |  |  | 177.5 |  |  |
Other cost of revenues segment items(b) | 488.9 |  |  | 259.3 |  |  | 337.0 |  |  | 283.6 |  |  |
Total cost of revenues(a) | 948.3 |  |  | 688.9 |  |  | 767.2 |  |  | 461.1 |  |  |
Selling, general, and administrative(a) | 166.2 |  |  | 90.1 |  |  | 111.9 |  |  | 51.5 |  |  |
Segment operating profit | $ | 172.2 |  |  | 174.8 |  |  | 110.9 |  |  | 139.1 |  |  | 597.0 |
| Nine Months Ended September 30, 2024
(In millions) | North America |  | Latin America |  | Europe |  | Rest of World |  | Total
Revenues | $ | 1,230.1 |  |  | 987.4 |  |  | 916.6 |  |  | 613.6 |  |  | 3,747.7 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |
Labor and fringe benefit costs(a) | 470.7 |  |  | 436.4 |  |  | 407.7 |  |  | 178.2 |  |  |
Other cost of revenues segment items(b) | 452.0 |  |  | 265.1 |  |  | 303.1 |  |  | 260.5 |  |  |
Total cost of revenues(a) | 922.7 |  |  | 701.5 |  |  | 710.8 |  |  | 438.7 |  |  |
Selling, general, and administrative(a) | 165.8 |  |  | 89.4 |  |  | 107.6 |  |  | 51.0 |  |  |
Segment operating profit | $ | 141.6 |  |  | 196.5 |  |  | 98.2 |  |  | 123.9 |  |  | 560.2 |
(a)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Selling, general and administrative expenses include insignificant amounts reported within other operating income (expense) in the condensed consolidated statements of operations. (b)Other cost of revenues segment items for each reportable segment include primarily vehicle expenses, freight, equipment costs, building expense, and office and administrative expenses.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Segment operating profit | $ | 216.7 |  |  | 195.7 |  |  | $ | 597.0 |  |  | 560.2 |
Reconciling Items: |  |  |  |  |  |  |
Corporate expenses: |  |  |  |  |  |  |
General, administrative and other expenses | $ | (31.1) |  |  | (46.4) |  |  | $ | (101.3) |  |  | (119.7) |
Foreign currency transaction gains | 2.6 |  |  | 2.3 |  |  | 7.6 |  |  | 11.7 |
Other items not allocated to segments(b): |  |  |  |  |  |  |
Reorganization and restructuring | (0.3) |  |  | (0.4) |  |  | (1.0) |  |  | (1.9) |
Acquisitions and dispositions | (17.8) |  |  | (16.5) |  |  | (62.1) |  |  | (47.2) |
Argentina highly inflationary impact(c) | (4.7) |  |  | (10.8) |  |  | (9.1) |  |  | (23.8) |
Transformation initiatives | (8.1) |  |  | (9.5) |  |  | (18.6) |  |  | (21.5) |
DOJ/FinCEN investigations | (3.7) |  |  | (1.7) |  |  | (5.5) |  |  | (7.7) |
Chile antitrust matter | (0.2) |  |  | (0.6) |  |  | (0.6) |  |  | (1.1) |
Non-routine auto loss matter | (1.0) |  |  | (0.5) |  |  | (1.0) |  |  | (0.5) |
Operating profit | $ | 152.4 |  |  | 111.6 |  |  | $ | 405.4 |  |  | 348.5 |
(a)This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts required by U.S. GAAP. (b)See "Other Items not Allocated to Segments" for a description of these items. (c)See "Depreciation Adjustment" in Note 1 for more details.
| Nine Months Ended September 30,
(In millions) | 2025 |  | 2024
Capital Expenditures by Reportable Segment |  |  |
North America | $ | 55.1 |  |  | 41.2 |
Latin America | 18.7 |  |  | 27.0 |
Europe | 48.0 |  |  | 60.5 |
Rest of World | 32.0 |  |  | 27.1 |
Total reportable segments | 153.8 |  |  | 155.8 |
Corporate items | 1.6 |  |  | 4.1 |
Total | $ | 155.4 |  |  | 159.9 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation and Amortization by Reportable Segment |  |  |  |  |  |  |
Depreciation and amortization of property and equipment: |  |  |  |  |  |  |
North America | $ | 22.5 |  |  | 20.3 |  |  | $ | 62.8 |  |  | 60.7 |
Latin America | 13.6 |  |  | 13.1 |  |  | 39.2 |  |  | 41.2 |
Europe | 16.2 |  |  | 14.9 |  |  | 46.9 |  |  | 43.3 |
Rest of World | 7.7 |  |  | 6.8 |  |  | 21.5 |  |  | 19.5 |
Total reportable segments | 60.0 |  |  | 55.1 |  |  | 170.4 |  |  | 164.7 |
Corporate items | 1.6 |  |  | 0.8 |  |  | 3.0 |  |  | 2.7 |
Argentina highly inflationary impact(b) | 1.8 |  |  | 4.2 |  |  | (8.7) |  |  | 9.1 |
Depreciation and amortization of property and equipment | 63.4 |  |  | 60.1 |  |  | 164.7 |  |  | 176.5 |
Amortization of intangible assets(a) | 14.8 |  |  | 14.7 |  |  | 44.0 |  |  | 43.8 |
Total | $ | 78.2 |  |  | 74.8 |  |  | $ | 208.7 |  |  | 220.3 |
(a)Amortization of acquisition-related intangible assets has been excluded from reportable segment amounts. (b)See "Depreciation Adjustment" in Note 1 for more details.
Reconciliation of Assets from Segment to Consolidated |
(In millions) | September 30, 2025 |  | December 31, 2024
Assets held by Reportable Segment |  |  |
North America | $ | 1,904.3 |  |  | 2,089.8 |
Latin America | 1,265.4 |  |  | 1,171.7 |
Europe | 2,238.3 |  |  | 1,894.9 |
Rest of World | 1,161.5 |  |  | 1,084.9 |
Total reportable segments | 6,569.5 |  |  | 6,241.3 |
Corporate items | 383.5 |  |  | 381.8 |
Total | $ | 6,953.0 |  |  | 6,623.1 |

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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