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Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
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,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Americas

 

$

1,156.2

 

 

$

1,092.7

 

 

$

484.3

 

 

$

477.1

 

EMEA

 

 

402.9

 

 

 

379.9

 

 

 

128.5

 

 

 

104.3

 

Asia Pacific

 

 

310.5

 

 

 

309.2

 

 

 

112.8

 

 

 

110.0

 

Total

 

$

1,869.6

 

 

$

1,781.8

 

 

 

 

 

 

 

Corporate items

 

 

 

 

 

 

 

 

(257.8

)

 

 

(274.5

)

Intangible asset amortization

 

 

 

 

 

 

 

 

(138.2

)

 

 

(133.0

)

Intangible asset impairment

 

 

 

 

 

 

 

 

-

 

 

 

(3.0

)

Operating profit

 

 

 

 

 

 

 

$

329.6

 

 

$

280.9

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Americas

 

$

2,297.5

 

 

$

2,097.0

 

 

$

963.3

 

 

$

881.5

 

EMEA

 

 

828.5

 

 

 

759.8

 

 

 

274.9

 

 

 

215.2

 

Asia Pacific

 

 

574.6

 

 

 

588.2

 

 

 

200.6

 

 

 

206.6

 

Total

 

$

3,700.6

 

 

$

3,445.0

 

 

 

 

 

 

 

Corporate items

 

 

 

 

 

 

 

 

(510.3

)

 

 

(557.2

)

Intangible asset amortization

 

 

 

 

 

 

 

 

(271.6

)

 

 

(263.8

)

Intangible asset impairment

 

 

 

 

 

 

 

 

-

 

 

 

(3.0

)

Operating profit

 

 

 

 

 

 

 

$

656.9

 

 

$

479.3