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Segment Information (Tables)
6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Summary of Net sales and Operating Profit by Segment

Net sales and operating profit by segment are as follows (in millions):

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Three Months Ended

 

 

Three Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Americas

 

$

979.3

 

 

$

969.2

 

 

$

516.3

 

 

$

523.6

 

EMEA

 

 

400.0

 

 

 

380.4

 

 

 

118.6

 

 

 

118.9

 

Asia Pacific

 

 

319.2

 

 

 

292.2

 

 

 

112.3

 

 

 

111.8

 

Product Category Operating Segments

 

 

309.1

 

 

 

307.7

 

 

 

39.8

 

 

 

69.6

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(225.5

)

 

 

(212.6

)

Total

 

$

2,007.6

 

 

$

1,949.5

 

 

 

 

 

 

 

 

 

Inventory step-up and other inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

(12.5

)

 

 

(22.5

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(149.5

)

 

 

(147.7

)

Intangible asset impairment

 

 

 

 

 

 

 

 

 

 

-

 

 

 

(26.8

)

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

(50.5

)

 

 

(72.5

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(45.4

)

 

 

(52.3

)

Litigation

 

 

 

 

 

 

 

 

 

 

4.2

 

 

 

-

 

Other charges

 

 

 

 

 

 

 

 

 

 

(11.8

)

 

 

(9.4

)

Operating profit

 

 

 

 

 

 

 

 

 

$

296.0

 

 

$

280.1

 

 

 

 

Net Sales

 

 

Operating Profit

 

 

 

Six Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Americas

 

$

1,970.4

 

 

$

1,969.8

 

 

$

1,035.2

 

 

$

1,064.8

 

EMEA

 

 

832.6

 

 

 

773.1

 

 

 

259.0

 

 

 

248.6

 

Asia Pacific

 

 

618.1

 

 

 

568.8

 

 

 

216.7

 

 

 

211.8

 

Product Category Operating Segments

 

 

604.1

 

 

 

610.2

 

 

 

93.3

 

 

 

142.4

 

Global Operations and Corporate Functions

 

 

-

 

 

 

-

 

 

 

(470.9

)

 

 

(422.9

)

Total

 

$

4,025.2

 

 

$

3,921.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Inventory step-up and other inventory and manufacturing

   related charges

 

 

 

 

 

 

 

 

 

 

(19.7

)

 

 

(41.2

)

Intangible asset amortization

 

 

 

 

 

 

 

 

 

 

(300.3

)

 

 

(299.7

)

Intangible asset impairment

 

 

 

 

 

 

 

 

 

 

-

 

 

 

(26.8

)

Acquisition, integration and related

 

 

 

 

 

 

 

 

 

 

(96.5

)

 

 

(130.7

)

Quality remediation

 

 

 

 

 

 

 

 

 

 

(91.6

)

 

 

(91.2

)

Litigation

 

 

 

 

 

 

 

 

 

 

(1.5

)

 

 

(7.0

)

Other charges

 

 

 

 

 

 

 

 

 

 

(22.7

)

 

 

(19.9

)

Operating profit

 

 

 

 

 

 

 

 

 

$

601.0

 

 

$

628.2