Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Summary of Segment Information

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
Net sales:
Automotive	$	2,790,607		$	2,649,716		$	8,187,760		$	7,950,176
Industrial	1,732,831			1,577,329			5,049,975			4,727,938
Business products	491,585			495,877			1,448,381			1,453,167
Total net sales	$	5,015,023		$	4,722,922		$	14,686,116		$	14,131,281
Operating profit:
Automotive	$	222,100		$	226,742		$	629,713		$	655,059
Industrial	137,525			119,153			394,887			356,535
Business products	21,611			19,846			63,727			62,869
Total operating profit	381,236			365,741			1,088,327			1,074,463
Interest expense, net	(24,770		)	(21,881		)	(70,313		)	(70,713		)
Intangible asset amortization	(26,224		)	(23,593		)	(72,725		)	(66,802		)
Corporate expense (1)	(25,709		)	(28,532		)	(127,115		)	(115,623		)
Income before income taxes	$	304,533		$	291,735		$	818,174		$	821,325

(1) Includes $12,413 of income and $25,809 of expense for the three and nine months ended September 30, 2019, respectively, in certain transaction and other costs related to acquisitions and dispositions. Also includes the realized currency losses incurred on the March 7, 2019 sale of Grupo Auto Todo and the September 30, 2019 sale of EIS Inc. ("EIS"), net of a gain from remeasuring the Company's preexisting 35% equity investment to fair value upon acquiring the remaining equity of Inenco on July 1, 2019. Refer to the acquisitions and divestitures footnote for further details.

Includes $3,104 of income and $19,010 of expense for the three and nine months ended September 30, 2018, respectively, in certain transaction and other costs related to the acquisition of Alliance Automotive Group ("AAG") and the attempted Business Products Group spin-off, net of a $12,000 termination fee received in the third quarter of 2018.

Revenue from External Customers by Geographic Areas

The following table presents disaggregated geographical net sales from contracts with customers by reportable segment:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
North America:
Automotive	$	1,942,922	$	1,918,814	$	5,720,290	$	5,646,108
Industrial	1,624,303		1,577,329		4,941,447		4,727,938
Business products	491,585		495,877		1,448,381		1,453,167
Total North America	$	4,058,810	$	3,992,020	$	12,110,118	$	11,827,213
Australasia:
Automotive	295,424		298,797		866,694		903,600
Industrial	108,528		—		108,528		—
Total Australasia	403,952		298,797		975,222		903,600
Europe – Automotive	552,261		432,105		1,600,776		1,400,468
Total net sales	$	5,015,023	$	4,722,922	$	14,686,116	$	14,131,281