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Segment information (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment

Three Months Ended September 30, 2025
(In millions)
North AmericaLatin AmericaEuropeRest of WorldTotal
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 AmericaLatin AmericaEuropeRest of WorldTotal
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 AmericaLatin AmericaEuropeRest of WorldTotal
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 AmericaLatin AmericaEuropeRest of WorldTotal
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)
2025202420252024
 
 
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)20252024
Capital Expenditures by Reportable Segment
North America$55.1 41.2 
Latin America18.7 27.0 
Europe48.0 60.5 
Rest of World32.0 27.1 
Total reportable segments153.8 155.8 
Corporate items1.6 4.1 
Total$155.4 159.9 


Three Months Ended September 30,Nine Months Ended September 30,
(In millions)2025202420252024
Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America$22.5 20.3 $62.8 60.7 
Latin America13.6 13.1 39.2 41.2 
Europe16.2 14.9 46.9 43.3 
Rest of World7.7 6.8 21.5 19.5 
Total reportable segments60.0 55.1 170.4 164.7 
Corporate items1.6 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 equipment63.4 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, 2025December 31, 2024

Assets held by Reportable Segment  
North America$1,904.3 2,089.8 
Latin America1,265.4 1,171.7 
Europe2,238.3 1,894.9 
Rest of World1,161.5 1,084.9 
Total reportable segments6,569.5 6,241.3 
Corporate items383.5 381.8 
Total$6,953.0 6,623.1