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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Sales Information By Reportable Segments Segment results for the three and six months ended June 30, 2020 and 2019 and assets as of June 30, 2020 and December 31, 2019 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended June 30,
 
North America
 
South America
 
Europe/Middle East
 
Asia/Pacific/Africa
 
Consolidated
2020
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
555.8

 
$
178.5

 
$
1,125.0

 
$
147.5

 
$
2,006.8

Income from operations
 
64.7

 
5.5

 
91.0

 
14.0

 
175.2

Depreciation
 
15.2

 
6.1

 
26.4

 
3.0

 
50.7

Capital expenditures
 
8.2

 
3.3

 
42.8

 
2.6

 
56.9

2019
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
618.9

 
$
185.8

 
$
1,457.2

 
$
160.7

 
$
2,422.6

Income (loss) from operations
 
51.4

 
(7.1
)
 
208.8

 
7.0

 
260.1

Depreciation
 
16.1

 
8.2

 
26.4

 
3.4

 
54.1

Capital expenditures
 
11.6

 
5.0

 
35.4

 
2.0

 
54.0

Six Months Ended June 30,
 
North America
 
South America
 
Europe/Middle East
 
Asia/Pacific/Africa
 
Consolidated
2020
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
1,107.7

 
$
332.4

 
$
2,238.3

 
$
256.7

 
$
3,935.1

Income (loss) from operations
 
125.6

 
(3.3
)
 
193.3

 
12.7

 
328.3

Depreciation
 
30.8

 
13.5

 
52.4

 
5.6

 
102.3

Capital expenditures
 
18.3

 
10.4

 
84.5

 
4.3

 
117.5

2019
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
1,115.1

 
$
341.9

 
$
2,667.8

 
$
293.6

 
$
4,418.4

Income (loss) from operations
 
82.0

 
(15.6
)
 
336.5

 
10.4

 
413.3

Depreciation
 
31.7

 
16.7

 
52.4

 
6.3

 
107.1

Capital expenditures
 
29.9

 
17.1

 
64.9

 
3.0

 
114.9

Assets
 
 
 
 
 
 
 
 
 
 
As of June 30, 2020
 
$
1,189.8

 
$
640.5

 
$
2,306.5

 
$
487.8

 
$
4,624.6

As of December 31, 2019
 
1,125.6

 
758.0

 
2,187.7

 
430.2

 
4,501.5


    
Reconciliation of Income from Operations from Segment to Consolidated
A reconciliation from the segment information to the consolidated balances for income from operations and total assets is set forth below (in millions):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2020
 
2019
 
2020
 
2019
Segment income from operations
$
175.2

 
$
260.1

 
$
328.3

 
$
413.3

Corporate expenses
(29.1
)
 
(32.9
)
 
(63.5
)
 
(64.7
)
Amortization of intangibles
(14.9
)
 
(15.4
)
 
(29.9
)
 
(30.7
)
Goodwill impairment charge
(20.0
)
 

 
(20.0
)
 

Stock compensation expense
(10.1
)
 
(12.2
)
 
(12.6
)
 
(24.2
)
Restructuring expenses
(3.8
)
 

 
(4.6
)
 
(1.7
)
Consolidated income from operations
$
97.3

 
$
199.6

 
$
197.7

 
$
292.0


Reconciliation of Assets from Segment to Consolidated
 
June 30, 2020
 
December 31, 2019
Segment assets
$
4,624.6

 
$
4,501.5

Cash and cash equivalents
404.4

 
432.8

Investments in affiliates
387.6

 
380.2

Deferred tax assets, other current and noncurrent assets
644.8

 
645.2

Intangible assets, net
470.0

 
501.7

Goodwill
1,246.6

 
1,298.3

Consolidated total assets
$
7,778.0

 
$
7,759.7