Segment Information

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The primary income measure used for assessing segment performance and making operating decisions is earnings before interest and income taxes. This measure excludes corporate and other costs which consist of headquarters management costs, stock-based compensation, interest expense, other incentive compensation, global digital costs, and costs that support global product platform development and offering management. Intersegment selling prices approximate market prices. Summarized information about the Company’s results of operations by business segment and product and service offering follows:

Americas includes products and services sold for applications within the data center, communication networks and commercial/industrial markets in North America and Latin America. This segment’s principal product and service offerings include:

•Critical infrastructure and solutions includes AC and DC power management thermal management, modular hyperscale type data center sites, as well as hardware for managing IT equipment;

•I.T. and edge infrastructure includes racks, rack power, rack power distribution, rack thermal systems, and configurable integrated solutions; and

•Services and software solutions includes preventative maintenance, acceptance testing, engineering and consulting, performance assessments, remote monitoring, training, spare parts, and digital critical infrastructure software.

Asia Pacific includes products and services sold for applications within the data center, communication networks and commercial/industrial markets throughout China, India and the rest of Asia. Products and services offered are similar to the Americas segment.

Europe, Middle East & Africa includes products and services sold for applications within the data center, communication networks and commercial/industrial markets in Europe, Middle East & Africa. Products and services offered are similar to the Americas segment.

Business Segments

Sales	Three months ended March 31, 2020		Three months ended March 31, 2019
Americas	$	469.4	$	563.6
Asia Pacific	239.1		281.2
Europe, Middle East & Africa	217.7		248.7
	926.2		1,093.5
Eliminations	(28.9)		(38.7)
Total	$	897.3	$	1,054.8

Intersegment sales	Three months ended March 31, 2020		Three months ended March 31, 2019
Americas	$	2.7	$	9.2
Asia Pacific	15.2		22.2
Europe, Middle East & Africa	11.0		7.3
Total	$	28.9	$	38.7

Earnings (loss) before income taxes	Three months ended March 31, 2020		Three months ended March 31, 2019
Americas	$	61.6	$	87.1
Asia Pacific	13.6		20.4
Europe, Middle East & Africa	15.9		20.6
	91.1		128.1
Corporate and other	(277.3)		(106.1)
Interest expense, net	(68.9)		(77.8)
Income (loss) before income taxes	$	(255.1)	$	(55.8)

Total Assets	March 31, 2020		December 31, 2019
Americas	$	2,222.8	$	2,296.4
Asia Pacific	1,055.3		1,152.2
Europe, Middle East & Africa	927.1		947.5
	4,205.2		4,396.1
Corporate and other	424.7		261.3
Total	$	4,629.9	$	4,657.4

Sales by Products and Services Offering	Three months ended March 31, 2020		Three months ended March 31, 2019
Critical infrastructure & solutions	$	499.4	$	638.8
Services & software solutions	302.6		306.0
I.T. & Edge infrastructure	95.3		110.0
Total	$	897.3	$	1,054.8