Segment information (Tables)

3 Months Ended

Mar. 31, 2021

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 March 31,			Three Months Ended March 31,
(In millions)	2021		2020	2021		2020
Reportable Segments:
North America	$	317.1	340.9	32.3		13.4
Latin America	269.7		299.0	58.7		60.5
Europe	214.4		126.3	10.6		2.1
Rest of World	176.5		106.6	30.4		13.6
Total reportable segments	977.7		872.8	132.0		89.6
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	(30.1)		(27.3)
Foreign currency transaction gains (losses)	—		—	0.1		(2.7)
Reconciliation of segment policies to GAAP(a)	—		—	(11.9)		3.5
Other items not allocated to segments:
Reorganization and Restructuring(b)	—		—	(6.6)		(5.6)
Acquisitions and dispositions(c)	—		—	(18.7)		(19.1)
Argentina highly inflationary impact(d)	—		—	(3.9)		(2.4)
Internal loss(e)	—		—	0.8		(9.6)
Reporting compliance(f)	—		—	—		(0.2)
Total	$	977.7	872.8	$	61.7	26.2

(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.

(b)Management periodically implements restructuring actions in targeted sections of our business. Due to the unique circumstances around the charges related to these actions, they have not been allocated to segment results.

(c)Certain acquisition and disposition items that are not considered part of the ongoing activities of the business and are special in nature are consistently excluded from segment results. These items include amortization expense for acquisition-related intangible assets and integration, transaction and restructuring costs related to business acquisitions.

(d)Beginning in the third quarter of 2018, we designated Argentina's economy as highly inflationary for accounting purposes. Currency remeasurement gains and losses related to peso-denominated monetary assets and liabilities as well as incremental expense related to nonmonetary assets are excluded from segment results.

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

(f)Costs (primarily third party expenses) related to the lease accounting standard implementation. Additional information provided at page 38.