Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Financial Information for the Company's Segments

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

	USA		EMEA		Canada		LATAM		Other/Eliminations (1)		Consolidated
(in millions)	Three months ended September 30, 2020
External customers	$	1,254.4	$	399.4	$	234.9	$	120.5	$	—	$	2,009.2
Inter-segment	14.6		0.6		0.5		—		(15.7)		—
Total net sales	$	1,269.0	$	400.0	$	235.4	$	120.5	$	(15.7)	$	2,009.2
Adjusted EBITDA	$	110.3	$	33.3	$	16.6	$	13.1	$	(8.7)	$	164.6
Long-lived assets (2)	$	805.7	$	184.7	$	187.4	$	30.2	$	23.4	$	1,231.4

	USA		EMEA		Canada		LATAM		Other/Eliminations (1)		Consolidated
(in millions)	Three months ended September 30, 2019
External customers	$	1,562.1	$	425.0	$	283.0	$	117.2	$	—	$	2,387.3
Inter-segment	29.5		0.6		1.7		—		(31.8)		—
Total net sales	$	1,591.6	$	425.6	$	284.7	$	117.2	$	(31.8)	$	2,387.3
Adjusted EBITDA	$	127.6	$	31.9	$	22.2	$	10.2	$	(7.7)	$	184.2
Long-lived assets (2)	$	897.9	$	176.3	$	189.6	$	32.9	$	27.3	$	1,324.0

	USA		EMEA		Canada		LATAM		Other/Eliminations (1)		Consolidated
(in millions)	Nine months ended September 30, 2020
External customers	$	3,781.3	$	1,269.3	$	852.2	$	326.8	$	—	$	6,229.6
Inter-segment	63.3		2.3		2.0		—		(67.6)		—
Total net sales	$	3,844.6	$	1,271.6	$	854.2	$	326.8	$	(67.6)	$	6,229.6
Adjusted EBITDA	$	302.1	$	113.3	$	69.1	$	32.4	$	(27.5)	$	489.4
Long-lived assets (2)	$	805.7	$	184.7	$	187.4	$	30.2	$	23.4	$	1,231.4

	USA		EMEA		Canada		LATAM		Other/Eliminations (1)		Consolidated
(in millions)	Nine months ended September 30, 2019
External customers	$	4,474.6	$	1,366.6	$	961.6	$	329.1	$	—	$	7,131.9
Inter-segment	77.8		2.6		4.5		—		(84.9)		—
Total net sales	$	4,552.4	$	1,369.2	$	966.1	$	329.1	$	(84.9)	$	7,131.9
Adjusted EBITDA	$	352.3	$	112.2	$	77.7	$	25.3	$	(22.1)	$	545.4
Long-lived assets (2)	$	897.9	$	176.3	$	189.6	$	32.9	$	27.3	$	1,324.0

(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 and nine months ended September 30, 2020 and 2019:

	Three months ended September 30,				Nine months ended September 30,
(in millions)	2020		2019		2020		2019
Net income (loss)	$	28.9	$	2.5	$	86.6	$	(45.1)
Net income from discontinued operations	—		—		—		(5.4)
Inventory step-up adjustment	—		5.3		—		5.3
Depreciation	41.6		41.6		123.7		114.5
Amortization	14.7		12.1		45.3		45.1
Interest expense, net	27.7		36.8		85.7		108.9
Income tax expense	2.7		43.2		14.0		38.4
Other operating expenses, net	21.4		30.2		69.1		258.8
Other (income) expense, net	(2.4)		5.5		7.4		17.2
Impairment charges	20.7		7.0		37.6		7.0
Loss on sale of business	9.3		—		17.9		—
Loss on extinguishment of debt	—		—		1.8		0.7
Brazil VAT charge	—		—		0.3		—
Adjusted EBITDA	$	164.6	$	184.2	$	489.4	$	545.4