Operations by Segment (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Segment Earnings

Segment earnings, defined by the Company as earnings before interest, taxes, general corporate and corporate research and development expenses, were used to measure the performance of the segments.

	Net Sales									Earnings
Years ended December 31 (dollars in millions)	2019			2018			2017			2019			2018			2017
North America(1)	$	2,083.5		$	2,044.7		$	1,904.8		$	488.9		$	464.1		$	428.6
Rest of World		935.8			1,173.6			1,116.3			40.2			149.3			149.3
Inter-segment		(26.6	)		(30.4	)		(24.4	)		—			—			—
Total segments – sales, segment earnings	$	2,992.7		$	3,187.9		$	2,996.7		$	529.1		$	613.4		$	577.9
Corporate expenses											(46.0	)		(47.2	)		(47.0	)
Interest expense											(11.0	)		(8.4	)		(10.1	)
Earnings before income taxes											472.1			557.8			520.8
Provision for income taxes(2)											(102.1	)		(113.6	)		(224.3	)
Net earnings										$	370.0		$	444.2		$	296.5

(1) In 2018, the Company recognized $6.7 million of restructuring and impairment expenses in connection with the move of manufacturing operations from our Renton, Washington facility to other U.S. facilities. For additional information, see Note 5 “Restructuring and Impairment Expenses.”

(2) In 2017, the Company recorded a one-time charge of $81.8 million associated with U.S. Tax Reform, primarily related to the repatriation of undistributed foreign earnings. For additional information, see Note 15 “Income Taxes.”

Schedule of Assets, Depreciation And Capital Expenditure By Segment

Assets, depreciation and capital expenditures by segment

	Total Assets (December 31)						Depreciation and Amortization (Years Ended December 31)						Capital Expenditures (Years Ended December 31)
(dollars in millions)	2019		2018		2017		2019		2018		2017		2019		2018		2017
North America	$	1,742.8	$	1,653.6	$	1,592.6	$	49.3	$	45.5	$	45.1	$	47.6	$	45.8	$	38.5
Rest of World		709.1		721.6		741.4		27.9		25.2		23.8		15.9		32.3		55.2
Corporate		606.1		696.3		863.4		1.1		1.2		1.2		0.9		7.1		0.5
Total	$	3,058.0	$	3,071.5	$	3,197.4	$	78.3	$	71.9	$	70.1	$	64.4	$	85.2	$	94.2

Schedule of Net Sales and Long-Lived Assets by Geographic Location

The following data by geographic area includes net sales based on product shipment destination and long-lived assets based on physical location. Long-lived assets include net property, plant and equipment, operating lease assets and other long-term assets.

	Long-lived Assets (December 31)							Net Sales (Years Ended December 31)
(dollars in millions)	2019		2018		2017			2019		2018		2017
United States	$	360.2	$	327.3	$	303.0	United States	$	1,868.7	$	1,820.8	$	1,698.1
China		266.7		252.6		250.8	China		825.4		1,071.2		1,034.9
Canada		4.2		3.1		3.2	Canada		168.5		175.0		163.7
Other Foreign		42.1		42.9		47.1	Other Foreign		130.1		120.9		100.0
Total	$	673.2	$	625.9	$	604.1	Total	$	2,992.7	$	3,187.9	$	2,996.7