Segment Data (Tables)

12 Months Ended

Dec. 31, 2018



	2018			2017			2016
Net sales: (1)
Automotive	$	10,526,520		$	8,583,317		$	8,040,407
Industrial (2)	6,298,584			5,805,012			5,399,416
Business products	1,909,969			1,920,472			1,899,890
Total net sales	$	18,735,073		$	16,308,801		$	15,339,713
Operating profit:
Automotive	$	854,389		$	720,465		$	715,154
Industrial (2)	487,360			440,454			397,147
Business products	88,756			98,882			117,035
Total operating profit	1,430,505			1,259,801			1,229,336
Interest expense, net	(92,093		)	(38,677		)	(19,525		)
Corporate expense (3)	(173,828		)	(159,863		)	(94,601		)
Intangible asset amortization	(88,972		)	(51,993		)	(40,870		)
Income before income taxes	$	1,075,612		$	1,009,268		$	1,074,340
Assets:
Automotive	$	6,246,911		$	6,140,829		$	4,601,150
Industrial (2)	1,790,410			1,645,271			1,495,397
Business products	860,279			859,335			907,119
Corporate	245,022			212,566			281,071
Goodwill and other intangible assets	3,540,418			3,554,380			1,574,663
Total assets	$	12,683,040		$	12,412,381		$	8,859,400



	2018		2017		2016
Depreciation and amortization:
Automotive	$	105,238	$	71,405	$	65,372
Industrial (2)	14,518		13,446		13,338
Business products	10,472		11,262		11,398
Corporate	22,435		19,585		16,509
Intangible asset amortization	88,972		51,993		40,870
Total depreciation and amortization	$	241,635	$	167,691	$	147,487
Capital expenditures:
Automotive	$	198,910	$	118,181	$	73,339
Industrial (2)	21,783		28,566		33,093
Business products	7,320		6,726		12,072
Corporate	4,409		3,287		42,139
Total capital expenditures	$	232,422	$	156,760	$	160,643
Net sales:
United States	$	13,927,091	$	13,246,619	$	12,779,971
Europe	1,860,912		256,364		—
Canada	1,624,890		1,525,421		1,368,743
Australasia	1,193,148		1,162,122		1,083,779
Mexico	129,032		118,275		107,220
Total net sales	$	18,735,073	$	16,308,801	$	15,339,713
Net property, plant, and equipment:
United States	$	726,068	$	647,386	$	561,164
Europe	110,184		96,857		—
Canada	91,387		90,857		81,260
Australasia	95,578		95,299		79,413
Mexico	4,014		6,303		6,287
Total net property, plant, and equipment	$	1,027,231	$	936,702	$	728,124


(1)	The net effect of discounts, incentives, and freight billed to customers has been allocated to their respective segments for the current and prior periods. Previously, the net effect of such items were captured and presented separately in a line item entitled “Other.”


(2)	Effective January 1, 2018, the electrical materials segment became a division of the industrial segment. These two reporting segments became a single reporting segment, the Industrial Parts Group. The change in segment reporting is presented retrospectively.


(3)	Includes $36,105 of expense for the year ended December 31, 2018, respectively, from transaction and other costs related to the AAG acquisition and the attempted Business Products Group spin-off, net of a $12,000 termination fee received in the third quarter of 2018. See the acquisitions and divestitures footnote for additional information.

The year ended December 31, 2017 includes $49,141 in transaction and other costs primarily related to the AAG acquisition.