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Segments (Tables)

3 Months Ended

Mar. 31, 2020

Financial Information for the Company's Segments

Financial information for the Company’s reportable segments is as follows:


(in millions)	USA		EMEA		Canada		LATAM		Other/ Eliminations ⁽¹⁾		Consolidated
	Three months ended March 31, 2020
External customers	$	1,357.5	$	460.3	$	285.8	$	107.6	$	—	$	2,211.2
Inter-segment	25.7		0.8		0.8		—		(27.3)		—
Total net sales	$	1,383.2	$	461.1	$	286.6	$	107.6	$	(27.3)	$	2,211.2

Adjusted EBITDA	$	96.6	$	40.3	$	27.3	$	8.3	$	(10.9)	$	161.6

Long-lived assets⁽²⁾	$	855.1	$	175.2	$	182.0	$	27.9	$	39.6	$	1,279.8


(in millions)	USA		EMEA		Canada		LATAM		Other/ Eliminations ⁽¹⁾		Consolidated
	Three months ended March 31, 2019
External customers	$	1,307.2	$	483.7	$	273.8	$	95.3	$	—	$	2,160.0
Inter-segment	24.9		1.0		1.1		—		(27.0)		—
Total net sales	$	1,332.1	$	484.7	$	274.9	$	95.3	$	(27.0)	$	2,160.0

Adjusted EBITDA	$	97.1	$	42.1	$	21.7	$	5.7	$	(6.5)	$	160.1

Long-lived assets ⁽²⁾	$	917.7	$	187.2	$	182.8	$	33.8	$	32.1	$	1,353.6

(1)Other/Eliminations represents the elimination of intersegment transactions as well as unallocated corporate costs consisting of costs specifically related to parent company operations that do not directly benefit segments, either individually or collectively.

(2)Long-lived assets consist of property, plant and equipment, net and operating lease assets.

Reconciliation of Net Income (loss) to Adjusted EBITDA

The following is a reconciliation of net income (loss) to Adjusted EBITDA for the three months ended March 31, 2020 and 2019, respectively:


	Three months ended March 31,
(in millions)	2020		2019
Net income (loss)	$	55.9	$	(63.9)
Net income from discontinued operations	—		(6.1)
Depreciation	41.7		33.2
Amortization	15.8		14.4
Interest expense, net	28.1		34.2
Income tax benefit	(0.3)		(23.3)
Other operating expenses, net	4.1		164.8
Other expense, net	5.9		6.1

Loss on sale of business	8.6		—
Loss on extinguishment of debt	1.8		0.7
Adjusted EBITDA	$	161.6	$	160.1