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Segment Information (Tables)
9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Summary of Segment Operating Profit Measures by Segment and Other Segment Information

Segment operating profit measures by segment are as follows (in millions):

 

 

Americas

 

 

EMEA

 

 

Asia Pacific

 

 

Total

 

 

 

Three Months Ended September 30,

 

 

Three Months Ended September 30,

 

 

Three Months Ended September 30,

 

 

Three Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

1,318.4

 

 

$

1,268.3

 

 

$

418.9

 

 

$

408.1

 

 

$

325.6

 

 

$

325.0

 

 

$

2,062.9

 

 

$

2,001.4

 

Cost of products sold, excluding intangible asset amortization

 

 

296.1

 

 

 

284.4

 

 

 

162.6

 

 

 

156.7

 

 

 

115.8

 

 

 

115.3

 

 

 

 

 

 

 

Selling, general and administrative

 

 

446.6

 

 

 

387.8

 

 

 

129.8

 

 

 

131.7

 

 

 

88.9

 

 

 

94.3

 

 

 

 

 

 

 

Research and development

 

 

75.9

 

 

 

73.7

 

 

 

1.9

 

 

 

1.8

 

 

 

2.7

 

 

 

3.3

 

 

 

 

 

 

 

Segment profit

 

$

499.7

 

 

$

522.5

 

 

$

124.6

 

 

$

117.8

 

 

$

118.2

 

 

$

112.1

 

 

$

742.5

 

 

$

752.4

 

Corporate items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

269.0

 

 

 

224.6

 

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

166.0

 

 

 

176.5

 

Other (expense) income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2.5

 

 

 

(3.3

)

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

74.9

 

 

 

75.4

 

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

230.1

 

 

$

279.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

 

EMEA

 

 

Asia Pacific

 

 

Total

 

 

 

Nine Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

4,001.9

 

 

$

3,762.2

 

 

$

1,387.3

 

 

$

1,307.9

 

 

$

937.4

 

 

$

917.7

 

 

$

6,326.6

 

 

$

5,987.7

 

Cost of products sold, excluding intangible asset amortization

 

 

914.0

 

 

 

855.3

 

 

 

531.6

 

 

 

489.2

 

 

 

327.9

 

 

 

316.2

 

 

 

 

 

 

 

Selling, general and administrative

 

 

1,304.9

 

 

 

1,132.6

 

 

 

422.1

 

 

 

391.0

 

 

 

284.2

 

 

 

270.2

 

 

 

 

 

 

 

Research and development

 

 

218.9

 

 

 

218.3

 

 

 

5.6

 

 

 

5.6

 

 

 

9.9

 

 

 

10.1

 

 

 

 

 

 

 

Segment profit

 

$

1,564.0

 

 

$

1,556.0

 

 

$

428.0

 

 

$

422.1

 

 

$

315.3

 

 

$

321.1

 

 

$

2,307.3

 

 

$

2,299.2

 

Corporate items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

809.0

 

 

 

867.4

 

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

491.5

 

 

 

488.2

 

Other (expense) income, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.7

 

 

 

(10.1

)

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

216.6

 

 

 

220.9

 

Earnings before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

786.5

 

 

$

732.8

 

 

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

 

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

 

$

46.5

 

 

$

46.0

 

 

$

136.4

 

 

$

132.5

 

 

EMEA

 

 

 

17.1

 

 

 

16.4

 

 

 

50.5

 

 

 

47.9

 

 

Asia Pacific

 

 

 

16.3

 

 

 

15.2

 

 

 

47.4

 

 

 

45.4

 

 

Corporate items

 

 

 

36.1

 

 

 

29.5

 

 

 

97.0

 

 

 

95.8

 

 

Intangible asset amortization

 

 

 

166.0

 

 

 

176.5

 

 

 

491.5

 

 

 

488.2

 

 

Total

 

 

$

282.0

 

 

$

283.6

 

 

$

822.8

 

 

$

809.8