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Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Summary of Net sales and Operating Profit by Segment

Net sales and operating profit by segment are as follows (in millions):

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Americas

 

$

934.5

 

 

$

916.7

 

 

$

479.8

 

 

$

501.4

 

EMEA

 

 

326.8

 

 

 

335.4

 

 

 

85.5

 

 

 

96.4

 

Asia Pacific

 

 

295.9

 

 

 

281.7

 

 

 

94.8

 

 

 

98.3

 

Product Category Operating Segments

 

 

279.5

 

 

 

279.3

 

 

 

43.3

 

 

 

49.0

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(232.4

)

 

 

(205.4

)

Total

 

$

1,836.7

 

 

$

1,813.1

 

 

 

 

 

 

 

 

 

Inventory step-up and other inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

(5.0

)

 

 

(11.5

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(147.6

)

 

 

(152.7

)

Goodwill and intangible asset impairment

 

 

 

 

 

 

 

 

 

 

(3.8

)

 

 

(32.7

)

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

(17.4

)

 

 

(61.6

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(34.2

)

 

 

(50.0

)

Litigation

 

 

 

 

 

 

 

 

 

 

(14.0

)

 

 

(8.0

)

Other charges

 

 

 

 

 

 

 

 

 

 

(25.7

)

 

 

(12.0

)

Operating profit

 

 

 

 

 

 

 

 

 

$

223.3

 

 

$

211.2

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Nine Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Americas

 

$

2,904.7

 

 

$

2,886.5

 

 

$

1,515.0

 

 

$

1,566.6

 

EMEA

 

 

1,159.4

 

 

 

1,108.5

 

 

 

344.5

 

 

 

345.0

 

Asia Pacific

 

 

914.1

 

 

 

850.5

 

 

 

309.7

 

 

 

308.7

 

Product Category Operating Segments

 

 

883.7

 

 

 

889.5

 

 

 

136.6

 

 

 

191.4

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(701.5

)

 

 

(627.3

)

Total

 

$

5,861.9

 

 

$

5,735.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inventory step-up and other inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

(24.7

)

 

 

(52.7

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(447.9

)

 

 

(452.4

)

Goodwill and intangible asset impairment

 

 

 

 

 

 

 

 

 

 

(3.8

)

 

 

(59.5

)

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

(113.9

)

 

 

(192.3

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(125.8

)

 

 

(141.2

)

Litigation

 

 

 

 

 

 

 

 

 

 

(15.5

)

 

 

(15.0

)

Other charges

 

 

 

 

 

 

 

 

 

 

(48.4

)

 

 

(31.9

)

Operating profit

 

 

 

 

 

 

 

 

 

$

824.3

 

 

$

839.4