Segment Information (Tables)

3 Months Ended

Mar. 31, 2019

The following table presents a summary of the Company's reportable segment financial information:



	Three Months Ended March 31,
	2019			2018
Net sales:
Automotive	$	2,622,345		$	2,564,259
Industrial	1,635,423			1,547,944
Business products	479,065			474,091
Total net sales	$	4,736,833		$	4,586,294
Operating profit:
Automotive	$	179,228		$	184,706
Industrial	121,028			112,191
Business products	21,220			21,601
Total operating profit	321,476			318,498
Interest expense, net	(23,029		)	(23,307		)
Intangible asset amortization	(22,584		)	(21,403		)
Corporate expense (1)	(64,351		)	(44,469		)
Income before income taxes	$	211,512		$	229,319


(1)	Includes $34,114 of expenses for the three months ended March 31, 2019 from realized currency losses and transaction and other costs. The realized currency losses of $27,037 resulted from the March 7, 2019 sale of Grupo Auto Todo. Refer to the acquisitions and divestitures footnote for more information.

Includes $13,009 for the three months ended March 31, 2018, in transaction and other costs related to the November 2017 Alliance Automotive Group ("AAG") acquisition and the attempted spin-off of the Business Products Group (the attempted spin-off was subsequently terminated in September 2018).

Revenue from External Customers by Geographic Areas

The following table presents disaggregated geographical net sales from contracts with customers by reportable segment:



	Three Months Ended March 31,
	2019		2018
North America:
Automotive	$	1,813,785	$	1,782,314
Industrial	1,635,423		1,547,944
Business products	479,065		474,091
Total North America	$	3,928,273	$	3,804,349
Australasia – Automotive	284,553		302,004
Europe – Automotive	524,007		479,941
Total net sales	$	4,736,833	$	4,586,294