Segment Information

12 Months Ended

Jan. 31, 2020

SEGMENT INFORMATION

Net sales by geographic area are presented by attributing revenues from external customers on the basis of the country in which the merchandise is sold. In deciding how to allocate resources and assess performance, the Company's Chief Operating Decision Maker regularly evaluates the performance of its reportable segments on the basis of net sales and earnings from operations, after the elimination of inter-segment sales and transfers. The accounting policies of the reportable segments are the same as those described in "Note C. Summary of Significant Accounting Policies."

Certain information relating to the Company's segments is set forth below:



	Years Ended January 31,
(in millions)	2020		2019			2018
Net sales:
Americas	$	1,924.0	$	1,960.3		$	1,870.9
Asia-Pacific	1,258.2		1,239.0			1,095.0
Japan	649.8		643.0			596.3
Europe	498.3		504.4			489.0
Total reportable segments	4,330.3		4,346.7			4,051.2
Other	93.7		95.4			118.6
	$	4,424.0	$	4,442.1		$	4,169.8
Earnings from operations*:
Americas	$	382.2	$	386.7		$	399.0
Asia-Pacific	254.3		311.5			287.7
Japan	229.7		237.2			209.3
Europe	83.1		86.2			90.4
Total reportable segments	949.3		1,021.6			986.4
Other	11.3		(6.4		)	3.6
	$	960.6	$	1,015.2		$	990.0


*	Represents earnings from operations before (i) unallocated corporate expenses, (ii) Interest expense and financing costs and Other expense, net, and (iii) other operating expenses.

The Company's Chief Operating Decision Maker does not evaluate the performance of the Company's assets on a segment basis for internal management reporting and, therefore, such information is not presented. The following table sets forth a reconciliation of the segments' earnings from operations to the Company's consolidated earnings from operations before income taxes:



	Years Ended January 31,
(in millions)	2020			2019			2018
Earnings from operations for segments	$	960.6		$	1,015.2		$	990.0
Unallocated corporate expenses	(206.8		)	(224.9		)	(180.6		)
Interest expense and financing costs and Other expense, net	(42.3		)	(46.8		)	(48.9		)
Other operating expenses	(21.2		)	—			—
Earnings from operations before income taxes	$	690.3		$	743.5		$	760.5

Unallocated corporate expenses include certain costs related to administrative support functions which the Company does not allocate to its segments. Such unallocated costs include those for centralized information technology, finance, legal and human resources departments.

Other operating expenses in the year ended January 31, 2020 represent charges related to the proposed Merger. See "Note B. Entry into Merger Agreement" for additional details.

Sales to unaffiliated customers by geographic area were as follows:



	Years Ended January 31,
(in millions)	2020		2019		2018
Net sales:
United States	$	1,796.9	$	1,837.5	$	1,739.0
Japan	649.8		643.0		596.3
Other countries	1,977.3		1,961.6		1,834.5
	$	4,424.0	$	4,442.1	$	4,169.8

Net sales information for classes of similar products is presented in "Note C. Summary of Significant Accounting Policies."

Long-lived assets by geographic area were as follows:



	January 31,
(in millions)	2020		2019
Long-lived assets:
United States	$	819.6	$	762.9
Japan	17.9		18.9
Other countries	324.8		306.1
	$	1,162.3	$	1,087.9