Segment information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Reconciliation of Revenue and Operating Profit from Segments to Consolidated

The following table summarizes our revenues and segment profit for each of our reportable segments and reconciles these amounts to consolidated revenues and operating profit:

	Revenues			Operating Profit
	Three Months Ended September 30,			Three Months Ended September 30,
(In millions)	2020		2019	2020		2019
Reportable Segments:
North America	$	404.1	446.7	$	36.9	38.7
South America	172.0		229.0	38.9		59.4
Rest of World	394.4		248.9	54.3		32.2
Total reportable segments	970.5		924.6	130.1		130.3
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	(26.6)		(26.2)
Foreign currency transaction gains (losses)	—		—	(7.9)		(0.4)
Reconciliation of segment policies to GAAP(a)	—		—	4.3		(1.3)
Other items not allocated to segments:
Reorganization and Restructuring	—		—	(5.1)		(6.4)
Acquisitions and dispositions	—		(0.2)	(16.2)		(24.0)
Argentina highly inflationary impact	—		—	(3.2)		(7.9)
Internal loss(b)	—		4.0	0.9		(11.3)
Reporting compliance(c)	—		—	0.1		(0.3)
Total	$	970.5	928.4	$	76.4	52.5

(a)This line item includes an adjustment to bad debt expense reported by the segments to the estimated consolidated amount required by U.S. GAAP. This line item also includes an adjustment to expense recognized by our Mexican subsidiaries for an annual profit sharing incentive based on local taxable income. U.S. GAAP requires that this plan should be accounted for similar to income tax expense on an interim reporting basis.

(b)See details regarding the impact of the Internal Loss at Note 1.

(c)Costs (primarily third party expenses) related to accounting standard implementation. Additional information provided at page 46.

	Revenues			Operating Profit
	Nine Months Ended September 30,			Nine Months Ended September 30,
(In millions)	2020		2019	2020		2019
Reportable Segments:
North America	$	1,197.5	1,323.7	$	87.8	129.1
South America	528.8		684.5	113.6		147.4
Rest of World	943.0		735.7	100.7		82.2
Total reportable segments	2,669.3		2,743.9	302.1		358.7
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	(78.5)		(85.8)
Foreign currency transaction gains (losses)	—		—	(11.5)		0.2
Reconciliation of segment policies to GAAP(a)	—		—	24.1		2.9
Other items not allocated to segments:
Reorganization and Restructuring	—		—	(49.7)		(20.5)
Acquisitions and dispositions	—		(0.5)	(66.2)		(63.8)
Argentina highly inflationary impact	—		—	(8.4)		(12.3)
Internal loss(b)	—		4.0	(9.9)		(13.9)
Reporting compliance(c)	—		—	(0.4)		(2.0)
Total	$	2,669.3	2,747.4	$	101.6	163.5

(a)This line item includes an adjustment to bad debt expense reported by the segments to the estimated consolidated amount required by U.S. GAAP. This line item also includes an adjustment to expense recognized by our Mexican subsidiaries for an annual profit sharing incentive based on local taxable income. U.S. GAAP requires that this plan should be accounted for similar to income tax expense on an interim reporting basis.

(b)See details regarding the impact of the Internal Loss at Note 1.

(c)Costs (primarily third party expenses) related to accounting standard implementation. Additional information provided at page 46.

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

	September 30,		December 31,
(in millions)	2020		2019
Assets held by Reportable Segment
North America	$	1,614.1	1,683.0
South America	707.5		806.1
Rest of World	2,173.8		1,006.8
Total reportable segments	4,495.4		3,495.9
Corporate items	407.7		267.9
Total	$	4,903.1	3,763.8