NOTE 2. SEGMENT RESULTS

Our reportable operating segments consist of the following three distinct geographical segments: Americas (including Canada); Europe, Middle East and Africa (including Russia) (“EMEA”); and Pacific Rim. Balance sheet items classified as Unallocated Corporate primarily include cash and cash equivalents and outstanding borrowings under our senior credit facilities. The majority of expenses for our corporate support functions are allocated to our Americas segment.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Net sales to external customers
Americas	$	225.6	$	214.8	$	445.4	$	414.9
EMEA		68.7		65.6		135.3		125.2
Pacific Rim		36.5		33.9		65.5		61.6
Total net sales to external customers	$	330.8	$	314.3	$	646.2	$	601.7

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Segment operating income (loss)
Americas	$	79.9		$	64.3		$	147.1		$	120.4
EMEA		(1.8	)		(5.3	)		(4.9	)		(9.3	)
Pacific Rim		0.3			(2.1	)		(0.8	)		(3.4	)
Unallocated Corporate		-			(5.2	)		-			(34.4	)
Total consolidated operating income	$	78.4		$	51.7		$	141.4		$	73.3

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Total consolidated operating income	$	78.4		$	51.7		$	141.4		$	73.3
Interest expense		9.2			12.5			18.4			34.4
Other non-operating expense		0.1			-			1.9			-
Other non-operating (income)		(1.0	)		(2.1	)		(4.4	)		(7.3	)
Earnings from continuing operations before income taxes	$	70.1		$	41.3		$	125.5		$	46.2

	June 30, 2017		December 31, 2016
Segment assets
Americas	$	1,249.0	$	1,186.7
EMEA		299.2		275.5
Pacific Rim		147.8		145.0
Unallocated Corporate		88.3		150.8
Total consolidated assets	$	1,784.3	$	1,758.0

Impairment testing of our tangible assets occurs whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable.