XML 42 R27.htm IDEA: XBRL DOCUMENT v3.19.2
Segment information (Tables)
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Reconciliation of Revenue and Operating Profit from Segments to Consolidated
The following table summarizes our revenues and segment profit for each of our reportable segments and reconciles these amounts to consolidated revenues and operating profit:
 
Revenues
 
Operating Profit
 
Three Months Ended June 30,
 
Three Months Ended June 30,
(In millions)
2019
 
2018
 
2019
 
2018
Reportable Segments:
 
 
 
 
 
 
 
North America
$
442.5

 
324.0

 
$
46.4

 
26.1

South America
225.2

 
233.3

 
45.0

 
46.1

Rest of World
246.6

 
266.8

 
26.2

 
26.2

Total reportable segments
914.3

 
824.1

 
117.6

 
98.4

 
 
 
 
 
 
 
 
Reconciling Items:
 
 
 
 
 
 
 
Corporate expenses:
 
 
 
 
 
 
 
General, administrative and other expenses

 

 
(32.5
)
 
(20.9
)
Foreign currency transaction gains (losses)

 

 
(0.3
)
 
(1.7
)
Reconciliation of segment policies to GAAP

 

 
4.0

 
0.4

Other items not allocated to segments:
 
 
 
 
 

 
 
Venezuela operations

 
25.6

 

 
(1.2
)
Reorganization and Restructuring

 

 
(10.6
)
 
(4.5
)
Acquisitions and dispositions
(0.3
)
 

 
(22.6
)
 
(7.4
)
Argentina highly inflationary impact

 

 
(0.1
)
 

Reporting compliance(a)

 

 
(2.9
)
 
(1.4
)
Total
$
914.0

 
849.7

 
$
52.6

 
61.7


(a)
Costs (primarily third party expenses) related to reconstruction of an accounts receivable subledger, accounting standard implementation and material weakness mitigation. Additional information provided at page 44.
 
Revenues
 
Operating Profit
 
Six Months Ended June 30,
 
Six Months Ended June 30,
(In millions)
2019
 
2018
 
2019
 
2018
Reportable Segments:
 
 
 
 
 
 
 
North America
$
877.0

 
644.1

 
$
90.4

 
46.7

South America
455.5

 
488.1

 
88.0

 
101.7

Rest of World
486.8

 
545.2

 
50.0

 
51.8

Total reportable segments
1,819.3

 
1,677.4

 
228.4

 
200.2

 
 
 
 
 
 
 
 
Reconciling Items:
 
 
 
 
 
 
 
Corporate expenses:
 
 
 
 
 
 
 
General, administrative and other expenses

 

 
(59.6
)
 
(52.0
)
Foreign currency transaction gains (losses)

 

 
0.6

 
(2.2
)
Reconciliation of segment policies to GAAP

 

 
4.2

 
1.7

Other items not allocated to segments:
 
 
 
 
 
 
 
Venezuela operations

 
51.4

 

 
2.3

Reorganization and Restructuring

 

 
(14.1
)
 
(8.2
)
Acquisitions and dispositions
(0.3
)
 

 
(39.8
)
 
(13.9
)
Argentina highly inflationary impact

 

 
(4.4
)
 

Reporting compliance(a)

 

 
(4.3
)
 
(1.4
)
Total
$
1,819.0

 
1,728.8

 
$
111.0

 
126.5



(a)
Costs (primarily third party expenses) related to reconstruction of an accounts receivable subledger, accounting standard implementation and material weakness mitigation. Additional information provided at page 44.