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Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Summary of Net sales and Operating Profit by Segment

Net sales and operating profit by segment are as follows (in millions):

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Americas

 

$

1,092.7

 

 

$

1,058.3

 

 

$

475.9

 

 

$

445.4

 

EMEA

 

 

379.9

 

 

 

376.8

 

 

 

98.2

 

 

 

91.9

 

Asia Pacific

 

 

309.2

 

 

 

328.2

 

 

 

106.8

 

 

 

105.5

 

Total

 

$

1,781.8

 

 

$

1,763.3

 

 

 

 

 

 

 

Corporate items

 

 

 

 

 

 

 

 

(264.0

)

 

 

(268.8

)

Intangible asset amortization

 

 

 

 

 

 

 

 

(133.0

)

 

 

(132.9

)

Intangible asset impairment

 

 

 

 

 

 

 

 

(3.0

)

 

 

(16.3

)

Operating profit

 

 

 

 

 

 

 

$

280.9

 

 

$

224.8

 

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Americas

 

$

2,097.0

 

 

$

2,004.4

 

 

$

878.8

 

 

$

832.5

 

EMEA

 

 

759.8

 

 

 

711.2

 

 

 

204.1

 

 

 

174.1

 

Asia Pacific

 

 

588.2

 

 

 

649.1

 

 

 

201.3

 

 

 

219.2

 

Total

 

$

3,445.0

 

 

$

3,364.7

 

 

 

 

 

 

 

Corporate items

 

 

 

 

 

 

 

 

(538.1

)

 

 

(459.5

)

Intangible asset amortization

 

 

 

 

 

 

 

 

(263.8

)

 

 

(266.5

)

Intangible asset impairment

 

 

 

 

 

 

 

 

(3.0

)

 

 

(16.3

)

Operating profit

 

 

 

 

 

 

 

$

479.3

 

 

$

483.5

 

Summary of Changes in Segment Operating Profit Following is a summary of the changes in segment operating profit disclosures impacted by these revisions (in millions):

 

 

 

Three Months Ended March 31, 2022

 

 

Three Months Ended March 31, 2021

 

 

 

Operating Profit As Reported

 

 

Adjustment

 

 

Operating Profit As Revised

 

 

Operating Profit As Reported

 

 

Adjustment

 

 

Operating Profit As Revised

 

Americas

 

$

389.1

 

 

$

13.8

 

 

$

402.9

 

 

$

379.7

 

 

$

7.4

 

 

$

387.1

 

EMEA

 

 

78.3

 

 

 

27.6

 

 

 

105.9

 

 

 

75.3

 

 

 

6.9

 

 

 

82.2

 

Asia Pacific

 

 

82.9

 

 

 

11.6

 

 

 

94.5

 

 

 

114.6

 

 

 

(0.9

)

 

 

113.7

 

Corporate items

 

 

(221.1

)

 

 

(53.0

)

 

 

(274.1

)

 

 

(177.3

)

 

 

(13.4

)

 

 

(190.7

)