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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
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

 

 

 

Three Months Ended March 31,

 

 

Three Months Ended March 31,

 

 

Three Months Ended March 31,

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

1,204.3

 

 

$

1,186.5

 

 

$

443.1

 

 

$

444.8

 

 

$

261.7

 

 

$

258.0

 

 

$

1,909.1

 

 

$

1,889.2

 

Cost of products sold, excluding intangible asset amortization

 

 

266.3

 

 

 

237.0

 

 

 

167.7

 

 

 

154.8

 

 

 

83.8

 

 

 

75.1

 

 

 

 

 

 

 

Selling, general and administrative

 

 

313.4

 

 

 

309.1

 

 

 

124.0

 

 

 

133.2

 

 

 

85.4

 

 

 

85.2

 

 

 

 

 

 

 

Research and development

 

 

1.0

 

 

 

1.2

 

 

 

2.8

 

 

 

2.0

 

 

 

3.3

 

 

 

3.3

 

 

 

 

 

 

 

Segment profit

 

$

623.6

 

 

$

639.2

 

 

$

148.6

 

 

$

154.8

 

 

$

89.2

 

 

$

94.4

 

 

$

861.4

 

 

$

888.4

 

Corporate items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

418.1

 

 

 

480.4

 

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

151.0

 

 

 

142.1

 

Other (income) expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.9

)

 

 

0.1

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

66.2

 

 

 

50.7

 

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

229.0

 

 

$

215.1

 

Other segment information is as follows (in millions):

 

 

 

 

Depreciation and Amortization

 

 

Segment Assets

 

 

 

 

Three Months Ended March 31,

 

 

As of

 

 

 

 

2025

 

 

2024

 

 

March 31, 2025

 

 

December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

 

$

37.5

 

 

$

36.5

 

 

$

1,352.0

 

 

$

1,344.0

 

EMEA

 

 

 

15.8

 

 

 

16.8

 

 

 

705.0

 

 

 

655.0

 

Asia Pacific

 

 

 

15.3

 

 

 

15.4

 

 

 

316.0

 

 

 

311.0

 

Corporate items

 

 

 

34.8

 

 

 

27.8

 

 

 

1,404.6

 

 

 

1,406.0

 

Intangible asset amortization

 

 

 

151.0

 

 

 

142.1

 

 

 

-

 

 

 

-

 

Total

 

 

$

254.4

 

 

$

238.6

 

 

$

3,777.6

 

 

$

3,716.0