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Segments (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the years ended December 31, 2023, 2022 and 2021:

 

 

2023

 

 

2022

 

 

2021

 

Net Sales

 

 

 

 

 

 

 

 

 

Americas

 

$

1,211.2

 

 

$

1,013.0

 

 

$

757.6

 

EURAF

 

 

669.6

 

 

 

761.5

 

 

 

677.0

 

MEAP

 

 

347.0

 

 

 

258.0

 

 

 

285.6

 

Total

 

$

2,227.8

 

 

$

2,032.5

 

 

$

1,720.2

 

Segment Operating Income (Loss)

 

 

 

 

 

 

 

 

 

Americas

 

$

111.7

 

 

$

(88.8

)

 

$

57.3

 

EURAF

 

 

(7.9

)

 

 

(3.2

)

 

 

8.9

 

MEAP

 

 

52.3

 

 

 

40.2

 

 

 

30.9

 

Total

 

$

156.1

 

 

$

(51.8

)

 

$

97.1

 

Depreciation

 

 

 

 

 

 

 

 

 

Americas

 

$

29.2

 

 

$

35.4

 

 

$

20.7

 

EURAF

 

 

22.1

 

 

 

20.1

 

 

 

19.8

 

MEAP

 

 

2.4

 

 

 

2.2

 

 

 

2.1

 

Corporate

 

 

2.9

 

 

 

2.9

 

 

 

2.9

 

Total

 

$

56.6

 

 

$

60.6

 

 

$

45.5

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

Americas

 

$

46.5

 

 

$

32.0

 

 

$

11.3

 

EURAF

 

 

28.5

 

 

 

27.7

 

 

 

27.5

 

MEAP

 

 

2.4

 

 

 

2.1

 

 

 

1.5

 

Corporate

 

 

 

 

 

 

 

 

0.1

 

Total

 

$

77.4

 

 

$

61.8

 

 

$

40.4

 

Schedule of Reconciliation of the Company's Segment Operating Income (Loss)

A reconciliation of the Company’s segment operating income (loss) to operating income (loss) in the Consolidated Statement of Operations for the years ended December 31, 2023, 2022 and 2021 are summarized as follows:

 

 

2023

 

 

2022

 

 

2021

 

Segment operating income (loss)

 

$

156.1

 

 

$

(51.8

)

 

$

97.1

 

Unallocated corporate expenses

 

 

(63.6

)

 

 

(41.3

)

 

 

(51.1

)

Unallocated restructuring income (expense)

 

 

(0.1

)

 

 

0.1

 

 

 

0.5

 

Total operating income (loss)

 

$

92.4

 

 

$

(93.0

)

 

$

46.5

 

 

Schedule of Net Sales and Property, Plant and Equipment by Geographic Area

Net sales by geographic area for the years ended December 31, 2023, 2022 and 2021 and property, plant and equipment as of December 31, 2023 and 2022 are summarized as follows:

 

 

Net Sales

 

 

Property, Plant and Equipment

 

 

 

2023

 

 

2022

 

 

2021

 

 

2023

 

 

2022

 

United States

 

$

1,039.9

 

 

$

906.4

 

 

$

664.5

 

 

$

158.1

 

 

$

146.7

 

Europe

 

 

641.9

 

 

 

740.1

 

 

 

653.7

 

 

 

183.8

 

 

 

166.6

 

Other

 

 

546.0

 

 

 

386.0

 

 

 

402.0

 

 

 

24.2

 

 

 

22.0

 

Total

 

$

2,227.8

 

 

$

2,032.5

 

 

$

1,720.2

 

 

$

366.1

 

 

$

335.3

 

Schedule of Net Sales By Product

New machine and non-new machine sales for the years ended December 31, 2023, 2022 and 2021 are summarized as follows:

 

 

2023

 

 

2022

 

 

2021

 

New machine sales

 

$

1,615.1

 

 

$

1,487.2

 

 

$

1,271.6

 

Non-new machine sales

 

 

612.7

 

 

 

545.3

 

 

 

448.6

 

Total net sales

 

$

2,227.8

 

 

$

2,032.5

 

 

$

1,720.2