Segment information (Tables)

6 Months Ended

Jun. 30, 2020

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)	2020		2019		2020			2019
Reportable Segments:
North America	$	349.1	442.5		$	17.9		46.4
South America	158.9		225.2		33.1			45.0
Rest of World	318.0		246.6		31.4			26.2
Total reportable segments	826.0		914.3		82.4			117.6
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—		(24.6		)	(32.5	)
Foreign currency transaction gains (losses)	—		—		(0.9		)	(0.3	)
Reconciliation of segment policies to GAAP(a)	—		—		16.3			4.0
Other items not allocated to segments:
Reorganization and Restructuring	—		—		(39.0		)	(10.6	)
Acquisitions and dispositions	—		(0.3	)	(30.9		)	(22.6	)
Argentina highly inflationary impact	—		—		(2.8		)	(0.1	)
Internal loss(b)	—		—		(1.2		)	(2.6	)
Reporting compliance(c)	—		—		(0.3		)	(0.3	)
Total	$	826.0	914.0		$	(1.0	)	52.6

(a) This line item includes an adjustment to bad debt expense reported by the segments to the estimated consolidated amount required by U.S. GAAP. This line item also includes an adjustment to expense recognized by our Mexican subsidiaries for an annual profit sharing incentive based on local taxable income. U.S. GAAP requires that this plan should be accounted for similar to income tax expense on an interim reporting basis.

(b) See details regarding the impact of the Internal Loss at Note 1.

(c) Costs (primarily third party expenses) related to accounting standard implementation. Additional information provided at page 45.

	Revenues				Operating Profit
	Six Months Ended June 30,				Six Months Ended June 30,
(In millions)	2020		2019		2020			2019
Reportable Segments:
North America	$	793.4	877.0		$	50.9		90.4
South America	356.8		455.5		74.7			88.0
Rest of World	548.6		486.8		46.4			50.0
Total reportable segments	1,698.8		1,819.3		172.0			228.4
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—		(51.9		)	(59.6	)
Foreign currency transaction gains (losses)	—		—		(3.6		)	0.6
Reconciliation of segment policies to GAAP(a)	—		—		19.8			4.2
Other items not allocated to segments:
Reorganization and Restructuring	—		—		(44.6		)	(14.1	)
Acquisitions and dispositions	—		(0.3	)	(50.0		)	(39.8	)
Argentina highly inflationary impact	—		—		(5.2		)	(4.4	)
Internal loss(b)	—		—		(10.8		)	(2.6	)
Reporting compliance(c)	—		—		(0.5		)	(1.7	)
Total	$	1,698.8	1,819.0		$	25.2		111.0

(a) This line item includes an adjustment to bad debt expense reported by the segments to the estimated consolidated amount required by U.S. GAAP. This line item also includes an adjustment to expense recognized by our Mexican subsidiaries for an annual profit sharing incentive based on local taxable income. U.S. GAAP requires that this plan should be accounted for similar to income tax expense on an interim reporting basis.

(b) See details regarding the impact of the Internal Loss at Note 1.

(c) Costs (primarily third party expenses) related to accounting standard implementation. Additional information provided at page 45.

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

	June 30,		December 31,
(in millions)	2020		2019
Assets held by Reportable Segment
North America	$	1,598.4	1,683.0
South America	730.7		806.1
Rest of World	1,999.6		1,006.8
Total reportable segments	4,328.7		3,495.9
Corporate items	442.5		267.9
Total	$	4,771.2	3,763.8