Segment information (Tables)

3 Months Ended

Mar. 31, 2024

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)	2024		2023	2024		2023
Reportable Segments:
North America	$	405.5	401.9	48.4		38.6
Latin America	334.7		315.5	63.0		66.6
Europe	291.4		268.7	25.9		22.0
Rest of World	204.5		199.3	41.1		37.3
Total reportable segments	1,236.1		1,185.4	178.4		164.5
Reconciling Items:
Corporate expenses:
General, administrative and other expenses	—		—	(41.2)		(42.6)
Foreign currency transaction gains	—		—	6.3		5.1
Reconciliation of segment policies to GAAP(a)	—		—	1.5		0.4
Other items not allocated to segments:
Reorganization and Restructuring(b)	—		—	(1.4)		(14.2)
Acquisitions and dispositions(c)	—		—	(15.9)		(22.0)
Argentina highly inflationary impact(d)	—		—	(1.6)		(11.2)
Transformation initiatives(e)	—		—	(4.8)		—
Chile antitrust matter(f)	—		—	(0.4)		(0.2)
Total	$	1,236.1	1,185.4	$	120.9	79.8

(a)This line item includes adjustments to bad debt expense and a Mexico profit sharing plan accrual reported by the segments to the estimated consolidated amounts 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)We have 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)Costs (primarily third party professional services and project management charges) related to a management-directed program intended to accelerate growth and drive margin expansion through transformation of our business model.

(f)See details regarding the Chile antitrust matter at Note 13.