XML 55 R38.htm IDEA: XBRL DOCUMENT v3.22.0.1
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Reconciliation of Revenue and Operating Profit from Segments to Consolidated
RevenuesOperating Profit
Years Ended December 31,Years Ended December 31,
(In millions)202120202019202120202019
Reportable Segments:
North America$1,407.1 1,261.4 1,370.4 $148.4 91.7 104.1 
Latin America1,126.0 1,071.9 1,319.8 257.3 233.6 296.9 
Europe917.3 753.8 549.6 89.8 51.2 42.6 
Rest of World749.8 603.8 439.9 131.5 117.1 75.7 
Total reportable segments4,200.2 3,690.9 3,679.7 627.0 493.6 519.3 
Reconciling Items:
Corporate items:
General, administrative and other expenses— — — (141.7)(116.3)(123.2)
Foreign currency transaction gains (losses)— — — 2.7 (6.5)(4.8)
Reconciliation of segment policies to GAAP(a)
— — — (17.5)10.5 0.3 
Other items not allocated to segments:
Reorganization and Restructuring(b)
— — — (43.6)(66.6)(28.8)
Acquisitions and dispositions(c)
— — (0.5)(71.9)(83.1)(88.5)
Argentina highly inflationary impact(d)
— — — (11.9)(10.7)(14.5)
Chile antitrust matter(e)
— — — (9.5)— — 
Internal loss(f)
— — 4.0 21.1 (6.9)(20.9)
Reporting compliance(g)
— — — — (0.5)(2.1)
Total$4,200.2 3,690.9 3,683.2 $354.7 213.5 236.8 

(a)Represents adjustments to bad debt expense reported within the segments to bad debt expense required on a consolidated basis under U.S. GAAP.
(b)Management periodically implements restructuring actions 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-related and disposition-related 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 Chile antitrust matter at Note 23.
(f)See details regarding the impact of the Internal loss at Note 1.
(g)Costs (primarily third party expenses) related to lease accounting standard implementation and material weakness remediation. Additional information provided at page 30.
Schedule of Capital Expenditures, Depreciation and Amortization by Segment
Years Ended December 31,
(In millions)202120202019
Capital Expenditures by Reportable Segment
North America$40.4 27.4 40.7 
Latin America45.0 35.1 80.3 
Europe50.6 33.4 16.2 
Rest of World26.0 16.6 17.3 
Total reportable segments162.0 112.5 154.5 
Corporate items5.9 6.0 10.3 
Total$167.9 118.5 164.8 
Depreciation and Amortization by Reportable Segment
Depreciation and amortization of property and equipment:
North America$68.7 62.3 64.2 
Latin America46.2 44.0 44.8 
Europe41.4 32.2 21.3 
Rest of World23.2 20.0 11.0 
Total reportable segments179.5 158.5 141.3 
Corporate items9.7 9.1 10.8 
Argentina highly inflationary impact2.2 1.8 1.8 
Acquisitions and dispositions0.1 1.0 3.1 
Reorganization and Restructuring0.3 1.3 0.2 
Depreciation and amortization of property and equipment191.8 171.7 157.2 
Amortization of intangible assets(a)
47.7 35.1 27.8 
Total$239.5 206.8 185.0 
(a)Amortization of acquisition-related intangible assets has been excluded from reportable segment amounts.
Reconciliation of Assets from Segment to Consolidated
December 31,
(In millions)20212020
Assets held by Reportable Segment  
North America$1,674.2 1,327.8 
Latin America1,018.9 1,029.3 
Europe1,437.8 1,432.4 
Rest of World1,070.6 911.1 
Total reportable segments5,201.5 4,700.6 
Corporate items365.2 435.0 
Total$5,566.7 5,135.6 
Schedule of Long Lived Assets By Geographic Areas
December 31,
(In millions)20212020
Long-Lived Assets by Geographic Area(a)
Non-U.S.:
Mexico$116.8 118.9 
France81.6 74.9 
Brazil61.8 57.9 
Canada42.0 46.2 
Other265.8 269.0 
Subtotal568.0 566.9 
U.S.297.6 271.3 
Total$865.6 838.2 

(a)Long-lived assets include only property and equipment, net.
Schedule of Revenue By Geographical Areas
Years Ended December 31,
(In millions)202120202019
Revenues by Geographic Area(a)
Outside the U.S.:
Mexico$416.1 366.3 412.4 
France373.8 336.7 373.2 
Brazil303.9 315.0 440.4 
Argentina177.5 171.2 214.4 
Canada138.3 129.8 149.8 
Netherlands129.3 97.9 — 
Other1,392.6 1,142.4 868.4 
Subtotal2,931.5 2,559.3 2,458.6 
U.S.1,268.7 1,131.6 1,224.6 
Total$4,200.2 3,690.9 3,683.2 
(a)Revenues are recorded in the country where service is initiated or performed. No single customer represents more than 10% of total revenue.
Schedule of Net Assets Outside the U.S.
December 31,
(In millions)20212020
Net assets outside the U.S.  
France$195.6 155.2 
Netherlands136.8 156.0 
Mexico131.6 154.0 
Argentina216.4 178.9 
Brazil218.1 224.1 
Other non-U.S. markets1,184.9 1,107.8 
Total$2,083.4 1,976.0