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Segment Information (Tables)
3 Months Ended
Mar. 31, 2020
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 (Loss) Profit

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Americas and Global Businesses

 

$

1,136.6

 

 

$

1,235.6

 

 

$

368.8

 

 

$

390.0

 

EMEA

 

 

371.3

 

 

 

428.9

 

 

 

108.8

 

 

 

139.2

 

Asia Pacific

 

 

275.9

 

 

 

311.0

 

 

 

92.6

 

 

 

113.5

 

Corporate Functions

 

 

-

 

 

 

-

 

 

 

(104.0

)

 

 

(117.7

)

Total

 

$

1,783.8

 

 

$

1,975.5

 

 

 

 

 

 

 

 

 

Inventory and manufacturing-related charges

 

 

 

 

 

 

 

 

 

 

(0.6

)

 

 

(2.0

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(147.6

)

 

 

(143.4

)

Goodwill impairment

 

 

 

 

 

 

 

 

 

 

(612.0

)

 

 

-

 

Restructuring and other cost reduction initiatives

 

 

 

 

 

 

 

 

 

 

(45.0

)

 

 

(4.7

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(15.9

)

 

 

(19.7

)

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

(4.4

)

 

 

(6.0

)

Litigation

 

 

 

 

 

 

 

 

 

 

(79.8

)

 

 

1.8

 

Litigation settlement gain

 

 

 

 

 

 

 

 

 

 

-

 

 

 

23.5

 

European Union Medical Device Regulation

 

 

 

 

 

 

 

 

 

 

(11.0

)

 

 

(1.6

)

Other charges

 

 

 

 

 

 

 

 

 

 

(5.9

)

 

 

(22.7

)

Operating (loss) profit

 

 

 

 

 

 

 

 

 

$

(456.0

)

 

$

350.2