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Segment Data (Tables)
12 Months Ended
Dec. 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

 

 

 

Year Ended December 31,

 

 

Year Ended December 31,

 

 

Year Ended December 31,

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

5,144.6

 

 

$

4,794.8

 

 

$

4,624.1

 

 

$

1,828.8

 

 

$

1,691.1

 

 

$

1,592.4

 

 

$

1,258.1

 

 

$

1,192.8

 

 

$

1,177.7

 

 

$

8,231.5

 

 

$

7,678.6

 

 

$

7,394.2

 

Cost of products sold, excluding intangible asset amortization

 

 

1,133.5

 

 

 

983.7

 

 

 

967.8

 

 

 

685.4

 

 

 

588.9

 

 

 

541.8

 

 

 

437.8

 

 

 

375.5

 

 

 

362.5

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative

 

 

1,362.1

 

 

 

1,231.4

 

 

 

1,165.3

 

 

 

537.8

 

 

 

498.9

 

 

 

498.8

 

 

 

360.2

 

 

 

342.0

 

 

 

362.5

 

 

 

 

 

 

 

 

 

 

Research and development

 

 

3.4

 

 

 

3.5

 

 

 

3.4

 

 

 

10.5

 

 

 

9.0

 

 

 

6.9

 

 

 

14.1

 

 

 

13.3

 

 

 

15.6

 

 

 

 

 

 

 

 

 

 

Segment profit

 

$

2,645.7

 

 

$

2,576.3

 

 

$

2,487.7

 

 

$

595.0

 

 

$

594.3

 

 

$

545.0

 

 

$

446.0

 

 

$

462.1

 

 

$

437.0

 

 

$

3,686.7

 

 

$

3,632.7

 

 

$

3,469.7

 

Corporate items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,922.7

 

 

 

1,755.1

 

 

 

1,630.5

 

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

665.9

 

 

 

591.9

 

 

 

561.5

 

Other (income) expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(25.5

)

 

 

31.1

 

 

 

9.3

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

292.8

 

 

 

218.0

 

 

 

201.2

 

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

830.8

 

 

$

1,036.6

 

 

$

1,067.3

 

Other segment information is as follows (in millions):

 

 

 

 

Depreciation and Amortization

 

 

Segment Assets

 

 

 

 

Year Ended December 31,

 

 

As of December 31,

 

 

 

 

2025

 

 

2024

 

 

2023

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

 

$

160.2

 

 

$

150.3

 

 

$

134.5

 

 

$

1,440.0

 

 

$

1,344.0

 

EMEA

 

 

 

66.4

 

 

 

65.8

 

 

 

67.2

 

 

 

737.0

 

 

 

655.0

 

Asia Pacific

 

 

 

61.2

 

 

 

61.1

 

 

 

62.3

 

 

 

460.0

 

 

 

311.0

 

Corporate items

 

 

 

140.1

 

 

 

127.2

 

 

 

126.2

 

 

 

1,353.8

 

 

 

1,406.0

 

Intangible asset amortization

 

 

 

665.9

 

 

 

591.9

 

 

 

561.5

 

 

 

-

 

 

 

-

 

Total

 

 

$

1,093.8

 

 

$

996.3

 

 

$

951.7

 

 

$

3,990.8

 

 

$

3,716.0

 

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,

 

 

 

2025

 

 

2024

 

United States

 

$

1,331.5

 

 

$

1,258.3

 

Other countries

 

 

875.6

 

 

 

790.5

 

Property, plant and equipment, net

 

$

2,207.1

 

 

$

2,048.8