Segment Information (Tables)

12 Months Ended

Dec. 31, 2021

Segment Information

Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals

	Year Ended December 31,
	2021		2020		2019
	(in millions)
Net sales
Americas	$	1,207.2	$	1,025.7	$	1,084.1
Europe		517.4		424.9		451.0
APMEA		84.6		58.0		65.4
Consolidated net sales	$	1,809.2	$	1,508.6	$	1,600.5
Operating income (loss)
Americas	$	211.0	$	166.3	$	187.4
Europe		63.6		50.2		49.9
APMEA		14.4		3.5		6.9
Subtotal reportable segments		289.0		220.0		244.2
Corporate(*)		(49.4)		(38.9)		(47.1)
Consolidated operating income		239.6		181.1		197.1
Interest income		—		(0.2)		(0.4)
Interest expense		6.3		13.3		14.1
Other (income) expense, net		(0.8)		1.0		(0.5)
Income before income taxes	$	234.1	$	167.0	$	183.9
Capital expenditures
Americas	$	17.6	$	31.2	$	18.3
Europe		8.5		11.4		10.3
APMEA		0.6		1.2		0.6
Consolidated capital expenditures	$	26.7	$	43.8	$	29.2
Depreciation and amortization
Americas	$	29.8	$	29.7	$	29.3
Europe		12.6		14.3		14.6
APMEA		2.7		2.5		2.7
Consolidated depreciation and amortization	$	45.1	$	46.5	$	46.6
Identifiable assets (at end of period)
Americas	$	1,133.5	$	1,075.1	$	1,102.9
Europe		584.8		537.2		515.2
APMEA		137.3		125.9		105.0
Consolidated identifiable assets	$	1,855.6	$	1,738.2	$	1,723.1
Property, plant and equipment, net (at end of period)
Americas	$	121.3	$	122.9	$	116.7
Europe		74.5		83.8		77.5
APMEA		4.9		5.6		5.8
Consolidated property, plant and equipment, net	$	200.7	$	212.3	$	200.0

*     Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.

Schedule of U.S. net sales of the Company's Americas segment

	December 31,
	2021		2020		2019
	(in millions)
U.S. net sales	$	1,123.9	$	956.5	$	1,014.0
U.S. property, plant and equipment, net (at end of year)	$	116.2	$	118.9	$	112.6

Schedule of intersegment sales for Americas, EMEA and Asia-Pacific

	December 31,
	2021		2020		2019
	(in millions)
Intersegment Sales
Americas	$	9.3	$	8.7	$	12.1
Europe		29.1		18.9		15.2
APMEA		120.5		71.4		67.7
Intersegment sales	$	158.9	$	99.0	$	95.0