Business segments and other information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Business segments and other information

The following tables present our segment results for the years ended December 31, 2024, 2023 and 2022:

	2024
	Americas		EMEA		Asia		Segment Total
Net revenues	$	2,066,292	$	617,984	$	363,048	$	3,047,324
Cost of goods sold	834,987		289,645		132,030		1,256,662
Research and development expenses	94,912		38,939		18,584		152,435
Selling, general and administrative expenses	465,917		156,375		97,764		720,056
Segment operating profit (1)	$	670,476	$	133,025	$	114,670	$	918,171

	2023
	Americas		EMEA		Asia		Segment Total
Net revenues	$	2,041,339	$	586,245	$	346,905	$	2,974,489
Cost of goods sold	824,514		273,772		118,729		1,217,015
Research and development expenses	82,685		54,787		14,105		151,577
Selling, general and administrative expenses	420,158		146,551		93,119		659,828
Segment operating profit (1)	$	713,982	$	111,135	$	120,952	$	946,069

	2022
	Americas		EMEA		Asia		Segment Total
Net revenues	$	1,926,348	$	558,373	$	306,320	$	2,791,041
Cost of goods sold	780,538		255,210		101,037		1,136,785
Research and development expenses	67,795		69,822		13,379		150,996
Selling, general and administrative expenses	408,068		136,464		87,211		631,743
Segment operating profit (1)	$	669,947	$	96,877	$	104,693	$	871,517

(1) Segment operating profit represents income from continuing operations before interest, loss on extinguishment of debt and taxes adjusted to exclude unallocated corporate expenses manufacturing variances other than fixed manufacturing cost absorption variances, restructuring and impairment charges. See reconciliation of segment operating profit measures for further details.

	Year Ended December 31,
	2024		2023		2022
Reconciliation of segment operating profit measure
Segment operating profit	$	918,171	$	946,069	$	871,517
Other unallocated expenses (1)	372,435		383,356		357,997
Goodwill impairment charge	240,000		—		—
Restructuring and impairment charges	21,991		15,604		20,299
Gain on sale of assets and business	—		(4,448)		(6,504)
Pension settlement charge	132,732		45,244		—
Income from continuing operations before interest, loss on extinguishments of debt and taxes	$	151,013	$	506,313	$	499,725

(1) Other unallocated expenses include expenses within costs of goods sold, research and development and selling, general and administrative costs and primarily consist of manufacturing variances other than fixed manufacturing cost absorption variances and unallocated corporate function expenses.

	Year Ended December 31,
Depreciation and amortization	2024		2023		2022
Americas	$	193,949	$	168,787	$	161,842
EMEA	49,596		42,057		38,266
Asia	12,344		10,548		9,311
Corporate (1)	18,712		20,726		21,171
Consolidated depreciation and amortization	$	274,601	$	242,118	$	230,590

(1)Reflects depreciation and amortization included within other allocated expenses per reconciliation of segment operating profit measure.

Total Net Revenues and Total Net Property, Plant and Equipment by Geographic Region

The following tables provide total net revenues and total net property, plant and equipment by geographic region for the years ended December 31, 2024, 2023 and 2022 and as of December 31, 2024 and 2023, respectively.

	Year Ended December 31,
	2024		2023		2022
Net revenues (based on selling location):
U.S.	$	1,889,312	$	1,879,898	$	1,786,467
Europe	705,094		665,185		622,343
Asia Pacific	326,371		307,513		270,749
All other	126,547		121,893		111,482
	$	3,047,324	$	2,974,489	$	2,791,041
			As of December 31,
Net property, plant and equipment:			2024		2023
U.S.			$	215,806	$	200,969
Malaysia			73,430		71,947
Mexico			121,287		112,339
All other			92,329		94,658
			$	502,852	$	479,913