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Segment Information (Tables)
3 Months Ended
Mar. 31, 2026
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,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

1,324.5

 

 

$

1,206.9

 

 

$

489.9

 

 

$

441.7

 

 

$

272.3

 

 

$

260.5

 

 

$

2,086.7

 

 

$

1,909.1

 

Cost of products sold, excluding intangible asset amortization

 

 

297.8

 

 

 

267.6

 

 

 

186.4

 

 

 

165.8

 

 

 

88.0

 

 

 

83.3

 

 

 

 

 

 

 

Selling, general and administrative

 

 

425.6

 

 

 

359.6

 

 

 

149.5

 

 

 

123.3

 

 

 

88.0

 

 

 

85.1

 

 

 

 

 

 

 

Research and development

 

 

71.9

 

 

 

71.1

 

 

 

1.7

 

 

 

2.1

 

 

 

3.3

 

 

 

3.3

 

 

 

 

 

 

 

Segment profit

 

$

529.3

 

 

$

508.5

 

 

$

152.2

 

 

$

150.5

 

 

$

93.0

 

 

$

88.8

 

 

$

774.5

 

 

$

747.8

 

Corporate items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

239.3

 

 

 

304.5

 

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

162.1

 

 

 

151.0

 

Other income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.0

 

 

 

(2.9

)

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

68.8

 

 

 

66.2

 

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

301.3

 

 

$

229.0

 

 

Depreciation and amortization included in segment profit is as follows (in millions):

 

 

 

 

Three Months Ended March 31,

 

 

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

 

$

44.9

 

 

$

40.7

 

 

EMEA

 

 

 

16.5

 

 

 

15.6

 

 

Asia Pacific

 

 

 

15.3

 

 

 

15.2

 

 

Corporate items

 

 

 

31.2

 

 

 

31.9

 

 

Intangible asset amortization

 

 

 

162.1

 

 

 

151.0

 

 

Total

 

 

$

270.0

 

 

$

254.4