Segment and Geographic Information

12 Months Ended

Dec. 31, 2021

Segments and Geographic Information [Abstract]

SEGMENT AND GEOGRAPHIC INFORMATION

SEGMENT AND GEOGRAPHIC INFORMATION     

Our segment reporting structure is consistent with the way our management makes operating decisions, allocates resources and manages the growth and profitability of the business (refer to Note 1).

Below is a summary of our results by reporting segment (in millions):

	CSCA			CSCI			Held for Sale			Unallocated			Total
Year Ended December 31, 2021
Net sales	$	2,693.1		$	1,445.6		$	—		$	—		$	4,138.7
Operating income	$	206.5		$	36.1		$	—		$	167.8		$	410.4
Operating income %	7.7		%	2.5		%	—		%	—		%	9.9		%
Total assets	$	5,983.8		$	4,425.8		$	16.1		$	—		$	10,425.7
Capital expenditures	$	112.0		$	24.0		$	—		$	—		$	136.0
Property, plant and equipment, net	$	706.9		$	157.2		$	—		$	—		$	864.1
Depreciation/amortization	$	117.0		$	179.8		$	—		$	—		$	296.8
Year Ended December 31, 2020
Net sales	$	2,693.0		$	1,395.2		$	—		$	—		$	4,088.2
Operating income (loss)	$	465.0		$	32.3		$	—		$	(232.1)		$	265.2
Operating income %	17.3		%	2.3		%	—		%	—		%	6.5		%
Total assets	$	4,585.1		$	4,872.4		$	2,030.9		$	—		$	11,488.4
Capital expenditures	$	131.4		$	28.8		$	—		$	—		$	160.2
Property, plant and equipment, net	$	701.1		$	163.5		$	—		$	—		$	864.6
Depreciation/amortization	$	109.9		$	177.8		$	—		$	—		$	287.7
Change in financial assets	$	—		$	—		$	—		$	95.3		$	95.3
Year Ended December 31, 2019
Net sales	$	2,487.7		$	1,382.2		$	—		$	—		$	3,869.9
Operating income (loss)	$	406.7		$	19.6		$	—		$	(251.6)		$	174.7
Operating income %	16.3		%	1.4		%	—		%	—		%	4.5		%
Total assets	$	4,087.7		$	4,682.7		$	2,531.0		$	—		$	11,301.4
Capital expenditures	$	102.6		$	18.8		$	—		$	—		$	121.4
Property, plant and equipment, net	$	624.3		$	149.9		$	—		$	—		$	774.2
Depreciation/amortization	$	102.8		$	194.3		$	—		$	—		$	297.1
Change in financial assets	$	—		$	—		$	—		$	(22.1)		$	(22.1)

The net book value of Property, plant and equipment, net by location was as follows (in millions):

	Year Ended
	December 31, 2021		December 31, 2020
U.S.	$	674.9	$	636.3
Europe(1)	174.4		169.7
All other countries	14.8		58.6
	$	864.1	$	864.6

(1) Includes Ireland Property, plant and equipment, net of $0.1 million and $20.3 million, for the years ended December 31, 2021 and December 31, 2020, respectively.

Sales to Walmart as a percentage of Consolidated Net sales (reported primarily in our CSCA segment) were as follows:

Year Ended
December 31, 2021	December 31, 2020	December 31, 2019
14.0%	15.2%	15.5%