Segment Data (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Data

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

	2021		2020		2019
Net sales:
Automotive	$	12,544,131	$	10,860,695	$	10,993,902
Industrial	6,326,379		5,676,738		6,528,332
Total net sales	$	18,870,510	$	16,537,433	$	17,522,234
Segment profit:
Automotive	$	1,073,427	$	867,743	$	831,951
Industrial	595,232		481,854		521,830
Total segment profit	$	1,668,659	$	1,349,597	$	1,353,781
Interest expense, net	(62,150)		(91,048)		(91,405)
Corporate expense	(174,842)		(149,754)		(140,815)
Intangible asset amortization	(103,273)		(94,962)		(92,206)
Other unallocated costs	(128,048)		(634,465)		(170,072)
Income before income taxes from continuing operations	$	1,200,346	$	379,368	$	859,283

 The following table presents a summary of the other unallocated costs:

	2021		2020		2019
Other unallocated costs:
Loss on software disposal (1)	$	(61,063)	$	—	$	—
Product liability damages award (2)	(77,421)		—		—
Goodwill impairment charge (3)	—		(506,721)		—
Restructuring and special termination costs (4)	—		(50,019)		(142,780)
Realized currency and other divestiture losses (5)	—		(11,356)		(34,701)
Gain on insurance proceeds related to SPR fire (6)	3,862		13,448		—
Gain on equity investments (7)	10,229		—		38,663
Inventory adjustment (8)	—		(40,000)		—
Transaction and other costs (9)	(3,655)		(39,817)		(31,254)
Total other unallocated costs	$	(128,048)	$	(634,465)	$	(170,072)

(1)Adjustment reflects a loss on an internally developed software project that was disposed of due to a change in management strategy related to advances in alternative technologies. Refer to the property, plant and equipment footnote to the consolidated financial statements for more information.

(2)Adjustment reflects damages reinstated by the Washington Supreme Court order on July 8, 2021 in connection with a 2017 automotive product liability claim. Refer to the commitments and contingencies footnote to the consolidated financial statements for more information.

(3)Adjustment reflects a goodwill impairment charge related to our European reporting unit.

(4)Adjustment reflects restructuring and special termination costs related to the 2019 Cost Savings Plan. The costs are primarily associated with severance and other employee costs, including a voluntary retirement program, and facility and closure costs related to the consolidation of operations.

(5)Adjustment reflects realized currency losses related to divestitures.

(6)Adjustment reflects insurance recoveries in excess of losses incurred on inventory, property, plant and equipment and other fire-related costs related to the S.P. Richards Headquarters and Distribution Center.

(7)Adjustment relates to gains recognized upon remeasurement of certain equity investments to fair value upon acquiring the remaining equity of those entities.

(8)Adjustment reflects a $40 million increase to cost of goods sold due to the correction of an immaterial error related to the accounting in prior years for consideration received from vendors.

(9)Adjustment for 2021 include transaction and other costs related to acquisitions. For 2020, adjustment includes a $17 million loss on investment, $10 million of incremental costs associated with COVID-19 and costs associated with certain divestitures. COVID-19 related costs include incremental costs incurred relating to fees to cancel marketing events and increased cleaning and sanitization materials, among other things. For 2019, adjustment reflects transaction and other costs related to acquisitions and divestitures.

	2021		2020		2019
Assets:
Automotive	$	8,981,913	$	8,258,334	$	7,376,408
Industrial	1,909,053		1,511,520		1,993,457
Corporate	139,428		254,627		527,126
Goodwill and other intangible assets	3,321,708		3,415,734		3,785,616
Discontinued operations	—		—		963,022
Total assets	$	14,352,102	$	13,440,215	$	14,645,629

Depreciation and amortization:
Automotive	$	143,052	$	120,932	$	122,905
Industrial	24,100		16,315		17,577
Corporate	20,546		40,633		24,575
Intangible asset amortization	103,273		94,962		92,206
Total depreciation and amortization	$	290,971	$	272,842	$	257,263
Capital expenditures:
Automotive	$	198,268	$	133,523	$	227,420
Industrial	35,626		19,287		39,003
Corporate	32,242		692		11,450
Total capital expenditures	$	266,136	$	153,502	$	277,873
Net sales:
United States	$	12,136,689	$	10,863,348	$	12,226,381
Europe	2,908,156		2,408,913		2,223,498
Canada	1,779,663		1,526,202		1,614,659
Australasia	2,002,188		1,691,190		1,369,361
Mexico	43,814		47,780		88,335
Total net sales	$	18,870,510	$	16,537,433	$	17,522,234
Net property, plant and equipment:
United States	$	750,267	$	728,802	$	763,746
Europe	179,001		164,268		153,357
Canada	102,484		102,409		103,320
Australasia	201,971		165,596		147,457
Mexico	676		968		5,808
Total net property, plant and equipment	$	1,234,399	$	1,162,043	$	1,173,688

Schedule of Revenue from External Customers by Geographic Areas

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

	2021		2020		2019
North America:
Automotive	$	8,103,896	$	7,177,543	$	7,613,047
Industrial	5,856,270		5,259,787		6,316,328
Total North America	$	13,960,166	$	12,437,330	$	13,929,375
Australasia:
Automotive	$	1,532,079	$	1,274,239	$	1,157,357
Industrial	470,109		416,951		212,004
Total Australasia	$	2,002,188	$	1,691,190	$	1,369,361
Europe - Automotive	$	2,908,156	$	2,408,913	$	2,223,498
Total net sales	$	18,870,510	$	16,537,433	$	17,522,234