Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Total Assets and Long-Lived Assets by Segment

The following table summarizes total assets by segment:

(in millions)	June 30, 2022		December 31, 2021
North America	$	4,635.8	$	4,360.6
International	1,159.0		1,305.9
Corporate	642.5		730.9
Inter-segment eliminations	(2,032.9)		(2,074.0)
Total assets	$	4,404.4	$	4,323.4

 The following table summarizes property, plant and equipment, net, by segment:

(in millions)	June 30, 2022		December 31, 2021
North America	$	562.4	$	449.9
International	78.5		82.3
Corporate	31.9		51.3
Total property, plant and equipment, net	$	672.8	$	583.5

The following table summarizes operating lease right-of-use assets by segment:

(in millions)	June 30, 2022		December 31, 2021
North America	$	339.7	$	280.6
International	167.3		199.0
Corporate	0.7		1.0
Total operating lease right-of-use assets	$	507.7	$	480.6

Segment Financial Information

The following table summarizes segment information for the three months ended June 30, 2022:

(in millions)	North America		International		Corporate		Eliminations		Consolidated
Net sales	$	964.7	$	246.3	$	—	$	—	$	1,211.0
Inter-segment sales	$	0.4	$	0.5	$	—	$	(0.9)	$	—
Inter-segment royalty expense (income)	2.4		(2.4)		—		—		—
Gross profit	365.8		130.7		—		—		496.5
Operating income (loss)	146.1		35.8		(38.0)		—		143.9
Income (loss) from continuing operations before income taxes	144.8		34.7		(60.0)		—		119.5
Depreciation and amortization (1)	$	23.5	$	5.9	$	14.6	$	—	$	44.0
Capital expenditures	61.9		6.8		1.2		—		69.9

(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the three months ended June 30, 2021:

(in millions)	North America		International		Corporate		Eliminations		Consolidated
Net sales	$	1,013.8	$	155.3	$	—	$	—	$	1,169.1
Inter-segment sales	$	0.5	$	0.1	$	—	$	(0.6)	$	—
Inter-segment royalty expense (income)	2.3		(2.3)		—		—		—
Gross profit	425.4		92.8		—		—		518.2
Operating income (loss)	217.4		43.4		(37.5)		—		223.3
Income (loss) from continuing operations before income taxes	216.8		42.8		(74.2)		—		185.4
Depreciation and amortization (1)	$	21.7	$	3.5	$	16.9	$	—	$	42.1
Capital expenditures	22.3		2.6		4.2		—		29.1

(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the six months ended June 30, 2022:

(in millions)	North America		International		Corporate		Eliminations		Consolidated
Net sales	$	1,896.1	$	554.4	$	—	$	—	$	2,450.5
Inter-segment sales	$	0.9	$	0.7	$	—	$	(1.6)	$	—
Inter-segment royalty expense (income)	9.4		(9.4)		—		—		—
Gross profit	718.2		301.1		—		—		1,019.3
Operating income (loss)	301.5		102.6		(71.6)		—		332.5
Income (loss) from continuing operations before income taxes	300.6		101.1		(113.2)		—		288.5
Depreciation and amortization (1)	$	46.2	$	11.9	$	30.1	$	—	$	88.2
Capital expenditures	112.9		14.6		2.7		—		130.2

(1)Depreciation and amortization includes stock-based compensation amortization expense.

The following table summarizes segment information for the six months ended June 30, 2021:

(in millions)	North America		International		Corporate		Eliminations		Consolidated
Net sales	$	1,897.1	$	315.8	$	—	$	—	$	2,212.9
Inter-segment sales	$	1.2	$	0.3	$	—	$	(1.5)	$	—
Inter-segment royalty expense (income)	4.4		(4.4)		—		—		—
Gross profit	789.3		187.8		—		—		977.1
Operating income (loss)	390.8		89.6		(68.7)		—		411.7
Income (loss) from continuing operations before income taxes	389.3		88.9		(121.4)		—		356.8
Depreciation and amortization (1)	$	42.7	$	7.1	$	33.9	$	—	$	83.7
Capital expenditures	41.1		4.6		6.9		—		52.6

(1)Depreciation and amortization includes stock-based compensation amortization expense.

Long-Lived Assets by Geographic Region

The following table summarizes property, plant and equipment, net by geographic region:

(in millions)	June 30, 2022		December 31, 2021
United States	$	573.5	$	481.1
All Other	99.3		102.4
Total property, plant and equipment, net	$	672.8	$	583.5

The following table summarizes operating lease right-of-use assets by geographic region:

(in millions)	June 30, 2022		December 31, 2021
United States	$	331.8	$	278.3
United Kingdom	135.4		162.8
All Other	40.5		39.5
Total operating lease right-of-use assets	$	507.7	$	480.6

Net Sales by Geographic Region

The following table summarizes net sales by geographic region:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in millions)	2022		2021		2022		2021
United States	$	890.3	$	946.3	$	1,754.6	$	1,764.8
All Other	320.7		222.8		695.9		448.1
Total net sales	$	1,211.0	$	1,169.1	$	2,450.5	$	2,212.9