Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Segment Information

Summary of the Company's significant accounts and balances by segment, reconciled to the consolidated totals

	Year Ended December 31,
	2018		2017		2016
	(in millions)
Net Sales
Americas	$	1,032.1	$	951.9	$	900.9
Europe		467.0		440.3		431.3
APMEA		65.8		64.5		66.2
Consolidated net sales	$	1,564.9	$	1,456.7	$	1,398.4
Operating income
Americas	$	171.1	$	146.8	$	127.1
Europe		49.8		47.6		40.0
APMEA		7.2		4.7		15.1
Subtotal reportable segments		228.1		199.1		182.2
Corporate(*)		(39.7)		(36.8)		(37.2)
Consolidated operating income		188.4		162.3		145.0
Interest income		(0.8)		(1.0)		(1.0)
Interest expense		16.3		19.1		22.6
Other (income) expense, net		(1.7)		1.1		(4.4)
Income before income taxes	$	174.6	$	143.1	$	127.8
Capital Expenditures
Americas	$	21.5	$	20.7	$	25.7
Europe		12.7		8.0		8.9
APMEA		1.7		0.7		1.4
Consolidated capital expenditures	$	35.9	$	29.4	$	36.0
Depreciation and Amortization
Americas	$	29.1	$	30.8	$	28.8
Europe		16.7		18.6		19.3
APMEA		2.7		2.8		3.1
Consolidated depreciation and amortization	$	48.5	$	52.2	$	51.2
Identifiable assets (at end of period)
Americas	$	1,028.1	$	1,069.2	$	1,054.7
Europe		510.2		524.0		577.3
APMEA		115.4		143.3		131.2
Consolidated identifiable assets	$	1,653.7	$	1,736.5	$	1,763.2
Property, plant and equipment, net (at end of year)
Americas	$	115.0	$	109.3	$	106.2
Europe		80.0		82.1		75.6
APMEA		6.9		7.1		7.9
Consolidated property, plant and equipment, net	$	201.9	$	198.5	$	189.7

*     Corporate expenses are primarily for administrative compensation expense, compliance costs, professional fees, including corporate-related legal and audit expenses, shareholder services and benefit administration costs.

**   Included in APMEA’s operating income for 2016 is $8.7 million gain related to the sale of an operating subsidiary in China. Refer to Note 5 “Sale of Business” for further discussion.

Schedule of U.S. net sales of the Company's Americas segment

	December 31,
	2018		2017		2016
	(in millions)
U.S. net sales	$	964.2	$	886.2	$	839.2
U.S. property, plant and equipment, net (at end of year)	$	111.0	$	105.1	$	102.5

Schedule of intersegment sales for Americas, EMEA and Asia-Pacific

	December 31,
	2018		2017		2016
	(in millions)
Intersegment Sales
Americas	$	12.7	$	12.1	$	12.0
Europe		14.2		14.6		12.3
APMEA		88.4		69.7		76.7
Intersegment sales	$	115.3	$	96.4	$	101.0