Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Sales by Significant Product Group

The following table presents net sales information about our reportable segments, reconciled to consolidated totals:


($ in millions)	2020		2019		2018
Net sales:
Proprietary Products	$	1,648.6	$	1,398.6	$	1,308.6
Contract-Manufactured Products	498.6		441.5		409.1
Intersegment sales elimination	(0.3)		(0.2)		(0.3)
Consolidated net sales	$	2,146.9	$	1,839.9	$	1,717.4

Schedule of Sales and Long-Lived Assets, by Geographical Areas

The following table presents net sales and long-lived assets, by the country in which the legal subsidiary is domiciled and assets are located:


	Net Sales						Long-Lived Assets
($ in millions)	2020		2019		2018		2020		2019
United States	$	975.6	$	814.7	$	766.1	$	407.8	$	364.7
Germany	282.1		236.3		235.9		112.0		105.5
Ireland	226.0		173.8		138.1		197.6		176.6
France	172.7		150.6		145.0		76.0		53.8
Other European countries	236.8		251.1		230.5		66.8		59.7
Other	253.7		213.4		201.8		151.3		149.1
	$	2,146.9	$	1,839.9	$	1,717.4	$	1,011.5	$	909.4

Schedule of Segment Reporting Information, by Segment


The following tables provide summarized financial information for our segments:
($ in millions)	2020		2019		2018
Proprietary Products	$	434.5	$	313.6	$	266.4
Contract-Manufactured Products	68.6		49.1		44.3
Total business segment operating profit	$	503.1	$	362.7	$	310.7
Corporate and Unallocated
Stock-based compensation expense	$	(34.0)	$	(24.4)	$	(15.1)
Corporate general costs (1)	(52.1)		(41.9)		(46.2)
Unallocated Items:
Restructuring and severance related charges	(7.0)		(4.9)		(9.1)
Amortization of Acquisition-related Intangible Assets (2)	(0.6)		—		—
Cost investment impairment	(2.5)		—		—
Gain on restructuring-related sale of assets	—		1.7		1.1
Argentina currency devaluation	—		(1.0)		(1.1)
Tax recovery (3)	—		4.4		—
Total Corporate and Unallocated	(96.2)		(66.1)		(70.4)
Total consolidated operating profit	$	406.9	$	296.6	$	240.3
Other expense/(income), net	5.6		4.8		(0.4)
Income before income taxes	$	401.3	$	291.8	$	240.7

(1) Corporate general costs includes executive and director compensation, certain pension and other retirement benefit costs, and other corporate facilities and administrative expenses not allocated to the segments.

(2) The Company recorded $0.6 million of amortization expense within operating profit associated with an acquisition of an intangible asset during the second quarter of 2020.

(3) During the twelve months ended December 31, 2019, the Company recorded a net tax recovery of $4.4 million related to previously-paid international excise taxes, following a favorable court ruling.

The following tables provide summarized financial information for our two reportable segments and corporate and unallocated:


($ in millions)
Assets	2020		2019
Proprietary Products	$	1,798.3	$	1,480.6
Contract-Manufactured Products	411.6		386.0
Corporate and Unallocated	583.9		474.8
Total consolidated	$	2,793.8	$	2,341.4


($ in millions)
Depreciation and Amortization	2020		2019		2018
Proprietary Products	$	84.6	$	82.2	$	83.9
Contract-Manufactured Products	20.4		17.9		17.2
Corporate and Unallocated	4.1		3.3		3.3
Total consolidated	$	109.1	$	103.4	$	104.4

($ in millions)
Capital Expenditures	2020		2019		2018
Proprietary Products	$	139.5	$	88.7	$	79.1
Contract-Manufactured Products	25.0		36.1		24.3
Corporate and Unallocated	9.9		1.6		1.3
Total consolidated	$	174.4	$	126.4	$	104.7