Segment financial information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of segment financial information

The following table presents information by reportable segment:

(in millions)	Three months ended March 31,
	2021		2020
Net sales:
Americas	$	1,035.2	$	899.1
Europe	650.4		544.0
AMEA	100.0		75.9
Total	$	1,785.6	$	1,519.0
Adjusted EBITDA:
Americas	$	252.0	$	190.0
Europe	131.1		91.7
AMEA	22.6		13.4
Corporate	(42.6)		(32.3)
Total	$	363.1	$	262.8

The amounts above exclude inter-segment activity because it is not material. All of the net sales for each segment are from external customers.

Reconciliation of segment profitability to consolidated earnings

The following table presents the reconciliation of Adjusted EBITDA from net income or loss, the nearest measurement under GAAP:

(in millions)	Three months ended March 31,
	2021		2020
Net income	$	164.0	$	47.0
Interest expense	51.5		94.5
Income tax expense	47.4		17.7
Depreciation and amortization	89.0		96.5
Loss on extinguishment of debt	5.2		—
Net foreign currency loss from financing activities	0.8		1.6
Other stock-based compensation expense (benefit)	0.6		(1.1)
Restructuring and severance charges	1.6		1.2
Transaction related expenses and other	3.0		1.8
Integration and planning expenses	—		3.6
Adjusted EBITDA	$	363.1	$	262.8

Schedule of net sales by product line

The following table presents net sales by product line:

(in millions)	Three months ended March 31,
	2021		2020
			(1)
Proprietary materials & consumables	$	565.2	$	478.5
Third party materials & consumables	758.4		650.4
Services & specialty procurement	219.8		191.1
Equipment & instrumentation	242.2		199.0
Total	$	1,785.6	$	1,519.0

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1.As adjusted, see note 1.