XML 42 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Results (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Schedule of Net Sales to External Customers

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net sales to external customers

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

226.0

 

 

$

221.5

 

 

$

640.9

 

 

$

615.5

 

EMEA

 

 

74.2

 

 

 

78.2

 

 

 

199.4

 

 

 

217.3

 

Pacific Rim

 

 

34.7

 

 

 

36.2

 

 

 

96.3

 

 

 

101.2

 

Total net sales to external customers

 

$

334.9

 

 

$

335.9

 

 

$

936.6

 

 

$

934.0

 

 

Schedule of Segment Operating Income (Loss)

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Segment operating income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

68.6

 

 

$

88.7

 

 

$

189.0

 

 

$

225.0

 

EMEA

 

 

4.1

 

 

 

1.3

 

 

 

(5.2

)

 

 

(7.0

)

Pacific Rim

 

 

1.0

 

 

 

(0.2

)

 

 

(2.4

)

 

 

(4.2

)

Unallocated Corporate

 

 

(2.7

)

 

 

(30.5

)

 

 

(37.1

)

 

 

(79.2

)

Total consolidated operating income

 

$

71.0

 

 

$

59.3

 

 

$

144.3

 

 

$

134.6

 

 

Reconciliation of Total Consolidated Operating Income to Earnings Before Income Taxes

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Total consolidated operating income

 

$

71.0

 

 

$

59.3

 

 

$

144.3

 

 

$

134.6

 

Interest expense

 

 

9.0

 

 

 

11.3

 

 

 

43.4

 

 

 

33.9

 

Other non-operating expense

 

 

-

 

 

 

10.8

 

 

 

-

 

 

 

13.5

 

Other non-operating (income)

 

 

(1.6

)

 

 

-

 

 

 

(8.9

)

 

 

(5.4

)

Earnings from continuing operations before income taxes

 

$

63.6

 

 

$

37.2

 

 

$

109.8

 

 

$

92.6

 

 

Reconciliation of Total Segment Assets to Total Consolidated Assets

 

 

 

September 30, 2016

 

 

December 31, 2015

 

Segment assets

 

 

 

 

 

 

 

 

Americas

 

$

1,144.4

 

 

$

1,137.4

 

EMEA

 

 

296.1

 

 

 

283.3

 

Pacific Rim

 

 

146.6

 

 

 

154.5

 

Unallocated Corporate

 

 

145.6

 

 

 

237.8

 

Total consolidated assets

 

$

1,732.7

 

 

$

1,813.0

 

 

Reconciliation of Unallocated Corporate Segment Operating Loss

For the three and nine months ended September 30, 2016 and 2015, Unallocated Corporate segment operating (loss) was comprised of the following

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Corporate expenses

 

$

(0.7

)

 

$

(23.1

)

 

$

(4.1

)

 

$

(62.4

)

Separation costs

 

 

(2.0

)

 

 

(7.4

)

 

 

(33.0

)

 

 

(16.8

)

Total Unallocated Corporate segment operating (loss)

 

$

(2.7

)

 

$

(30.5

)

 

$

(37.1

)

 

$

(79.2

)