Segment Information

3 Months Ended

Mar. 31, 2019

The following table presents a summary of the Company's reportable segment financial information:



	Three Months Ended March 31,
	2019			2018
Net sales:
Automotive	$	2,622,345		$	2,564,259
Industrial	1,635,423			1,547,944
Business products	479,065			474,091
Total net sales	$	4,736,833		$	4,586,294
Operating profit:
Automotive	$	179,228		$	184,706
Industrial	121,028			112,191
Business products	21,220			21,601
Total operating profit	321,476			318,498
Interest expense, net	(23,029		)	(23,307		)
Intangible asset amortization	(22,584		)	(21,403		)
Corporate expense (1)	(64,351		)	(44,469		)
Income before income taxes	$	211,512		$	229,319


(1)	Includes $34,114 of expenses for the three months ended March 31, 2019 from realized currency losses and transaction and other costs. The realized currency losses of $27,037 resulted from the March 7, 2019 sale of Grupo Auto Todo. Refer to the acquisitions and divestitures footnote for more information.

Includes $13,009 for the three months ended March 31, 2018, in transaction and other costs related to the November 2017 Alliance Automotive Group ("AAG") acquisition and the attempted spin-off of the Business Products Group (the attempted spin-off was subsequently terminated in September 2018).

Net sales are disaggregated by geographical region for each of the Company’s reportable segments, as the Company deems this presentation best depicts how the nature, amount, timing and uncertainty of net sales and cash flows are affected by economic factors. The following table presents disaggregated geographical net sales from contracts with customers by reportable segment:



	Three Months Ended March 31,
	2019		2018
North America:
Automotive	$	1,813,785	$	1,782,314
Industrial	1,635,423		1,547,944
Business products	479,065		474,091
Total North America	$	3,928,273	$	3,804,349
Australasia – Automotive	284,553		302,004
Europe – Automotive	524,007		479,941
Total net sales	$	4,736,833	$	4,586,294