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Segment Information (Tables)
9 Months Ended
Sep. 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

 

 

 

September 30,

 

 

September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Americas

 

$

1,113.6

 

 

$

1,045.1

 

 

$

450.0

 

 

$

432.3

 

EMEA

 

 

337.9

 

 

 

319.3

 

 

 

97.7

 

 

 

85.8

 

Asia Pacific

 

 

302.1

 

 

 

305.4

 

 

 

109.9

 

 

 

103.6

 

Total

 

$

1,753.6

 

 

$

1,669.8

 

 

 

 

 

 

 

Corporate items

 

 

 

 

 

 

 

 

(246.0

)

 

 

(244.9

)

Intangible asset amortization

 

 

 

 

 

 

 

 

(145.0

)

 

 

(131.5

)

Operating profit

 

 

 

 

 

 

 

$

266.6

 

 

$

245.3

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Americas

 

$

3,411.0

 

 

$

3,142.1

 

 

$

1,413.3

 

 

$

1,313.8

 

EMEA

 

 

1,166.4

 

 

 

1,079.1

 

 

 

372.6

 

 

 

301.0

 

Asia Pacific

 

 

876.7

 

 

 

893.6

 

 

 

310.5

 

 

 

310.2

 

Total

 

$

5,454.1

 

 

$

5,114.8

 

 

 

 

 

 

 

Corporate items

 

 

 

 

 

 

 

 

(756.3

)

 

 

(802.1

)

Intangible asset amortization

 

 

 

 

 

 

 

 

(416.6

)

 

 

(395.3

)

Intangible asset impairment

 

 

 

 

 

 

 

 

-

 

 

 

(3.0

)

Operating profit

 

 

 

 

 

 

 

$

923.5

 

 

$

724.6