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Business Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Total Assets and Long-Lived Assets by Segment
The following table summarizes total assets by segment:
(in millions)March 31, 2023December 31, 2022
North America$5,402.3 $5,161.7 
International1,220.2 1,181.5 
Corporate1,164.1 1,077.1 
Inter-segment eliminations(3,249.5)(3,060.5)
Total assets$4,537.1 $4,359.8 

 The following table summarizes property, plant and equipment, net, by segment:
(in millions)March 31, 2023December 31, 2022
North America$700.5 $672.1 
International91.2 87.3 
Corporate31.5 31.7 
Total property, plant and equipment, net$823.2 $791.1 
     
The following table summarizes operating lease right-of-use assets by segment:
(in millions)March 31, 2023December 31, 2022
North America$393.3 $349.0 
International166.3 154.1 
Corporate3.5 3.7 
Total operating lease right-of-use assets$563.1 $506.8 
Segment Financial Information
The following table summarizes segment information for the three months ended March 31, 2023:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
Net sales$919.6 $288.5 $— $— $1,208.1 
Inter-segment sales$0.3 $— $— $(0.3)$— 
Inter-segment royalty expense (income)7.4 (7.4)— — — 
Gross profit344.0 155.9 — — 499.9 
Operating income (loss)136.0 44.2 (36.9)— 143.3 
Income (loss) before income taxes134.2 43.0 (66.8)— 110.4 
Depreciation and amortization (1)
$25.5 $6.5 $12.6 $— $44.6 
Capital expenditures45.8 4.7 1.6 — 52.1 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
The following table summarizes segment information for the three months ended March 31, 2022:
(in millions)North AmericaInternationalCorporateEliminationsConsolidated
Net sales$931.4 $308.1 $— $— $1,239.5 
Inter-segment sales$0.5 $0.2 $— $(0.7)$— 
Inter-segment royalty expense (income)7.0 (7.0)— — — 
Gross profit352.4 170.4 — — 522.8 
Operating income (loss)155.4 66.8 (33.6)— 188.6 
Income (loss) before income taxes155.8 66.4 (53.2)— 169.0 
Depreciation and amortization (1)
$22.7 $6.0 $15.5 $— $44.2 
Capital expenditures51.0 7.8 1.5 — 60.3 
(1)Depreciation and amortization includes stock-based compensation amortization expense.
Long-Lived Assets by Geographic Region
The following table summarizes property, plant and equipment, net by geographic region:
(in millions)
March 31, 2023December 31, 2022
United States
$709.1 $682.0 
All other114.1 109.1 
Total property, plant and equipment, net
$823.2 $791.1 

The following table summarizes operating lease right-of-use assets by geographic region:
(in millions)March 31, 2023December 31, 2022
United States$384.1 $339.6 
United Kingdom124.5 122.9 
All other54.5 44.3 
Total operating lease right-of-use assets$563.1 $506.8 
Net Sales by Geographic Region
The following table summarizes net sales by geographic region:
Three Months Ended
 March 31,
(in millions)20232022
United States$854.9 $864.3 
All other353.2 375.2 
Total net sales$1,208.1 $1,239.5