Segment and Geographic Information

12 Months Ended

Dec. 31, 2023

Segments and Geographic Information [Abstract]

Segment and Geographic Information

SEGMENT AND GEOGRAPHIC INFORMATION     

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

	CSCA			CSCI			Held for sale (1)			Unallocated			Total
Year Ended December 31, 2023
Net sales	$	2,962.3		$	1,693.3		$	—		$	—		$	4,655.6
Operating income (loss)	$	389.6		$	(35.2)		$	—		$	(202.5)		$	151.9
Operating income %	13.2		%	(2.1)		%	—		%	—		%	3.3		%
Total assets	$	4,952.9		$	5,856.2		$	—		$	—		$	10,809.1
Capital expenditures	$	66.4		$	35.3		$	—		$	—		$	101.7
Property, plant and equipment, net	$	762.8		$	153.6		$	—		$	—		$	916.4
Depreciation/amortization	$	133.2		$	226.3		$	—		$	—		$	359.5
Year Ended December 31, 2022
Net sales	$	2,925.9		$	1,525.7		$	—		$	—		$	4,451.6
Operating income (loss)	$	366.1		$	(30.0)		$	—		$	(257.2)		$	78.9
Operating income %	12.5		%	(2.0)		%	—		%	—		%	1.8		%
Total assets	$	5,134.1		$	5,883.2		$	—		$	—		$	11,017.3
Capital expenditures	$	68.1		$	26.2		$	—		$	—		$	94.3
Property, plant and equipment, net	$	772.0		$	154.3		$	—		$	—		$	926.3
Depreciation/amortization	$	123.3		$	215.3		$	—		$	—		$	338.6
Year Ended December 31, 2021
Net sales	$	2,693.1		$	1,445.6		$	—		$	—		$	4,138.7
Operating income (loss)	$	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

(1) Held for sale represented Latin American businesses as of December 31, 2021.

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

	Year Ended
	December 31, 2023		December 31, 2022
U.S.	$	720.0	$	725.2
Europe(1)	184.9		188.4
All other countries	11.5		12.7
	$	916.4	$	926.3

(1) Includes Ireland property, plant and equipment, net of $0.2 million and $0.1 million, for the years ended December 31, 2023 and December 31, 2022, respectively.

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

Year Ended
December 31, 2023	December 31, 2022	December 31, 2021
11.8%	12.5%	14.0%