Segment Data (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Segment Operating Profit Measures by Segment and Other Segment Information

by segment are as follows (in millions):

	Americas						EMEA						Asia Pacific						Total
	Year Ended December 31,						Year Ended December 31,						Year Ended December 31,						Year Ended December 31,
	2024		2023		2022		2024		2023		2022		2024		2023		2022		2024		2023		2022
Net Sales	$	4,794.8	$	4,624.1	$	4,295.5	$	1,691.1	$	1,592.4	$	1,456.5	$	1,192.8	$	1,177.7	$	1,187.8	$	7,678.6	$	7,394.2	$	6,939.9
Cost of products sold, excluding intangible asset amortization		983.7		967.8		915.6		588.9		541.8		550.4		375.5		362.5		379.2
Selling, general and administrative		1,230.7		1,165.9		1,094.8		507.3		505.5		483.2		346.5		367.2		363.3
Research and development		3.5		3.4		2.8		9.0		6.9		6.7		13.3		15.6		16.3
Segment profit	$	2,577.0	$	2,487.1	$	2,282.4	$	585.8	$	538.2	$	416.1	$	457.6	$	432.3	$	429.1	$	3,620.4	$	3,457.6	$	3,127.6
Corporate items																				1,742.8		1,618.4		1,611.7
Intangible asset amortization																				591.9		561.5		526.8
Goodwill and intangible asset impairment																				-		-		292.8
Other expense, net																				31.1		9.3		128.0
Interest expense, net																				218.0		201.2		164.8
Earnings from continuing operations before income taxes																			$	1,036.6	$	1,067.3	$	403.5

Other segment information is as follows (in millions):

	Depreciation and Amortization						Segment Assets
	Year Ended December 31,						As of December 31,
	2024		2023		2022		2024		2023
Americas	$	150.3	$	134.5	$	130.3	$	1,344.0	$	1,212.0
EMEA		65.8		67.2		64.4		655.0		679.0
Asia Pacific		61.1		62.3		63.5		311.0		355.0
Corporate items		127.2		126.2		141.4		1,406.0		1,581.6
Intangible asset amortization		591.9		561.5		526.8		-		-
Total	$	996.3	$	951.7	$	926.4	$	3,716.0	$	3,827.6

Disclosure on Geographic Areas, Long-Lived Assets

We conduct business in the following countries that hold 10 percent or more of our total consolidated Property, plant and equipment, net (in millions):

	As of December 31,
	2024		2023
United States	$	1,258.3	$	1,265.1
Other countries		790.5		795.3
Property, plant and equipment, net	$	2,048.8	$	2,060.4