Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Information

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

	Year Ended December 31,
	2019		2018		2017
	(in millions)
Net Sales
Americas	$	1,084.1	$	1,032.1	$	951.9
Europe		451.0		467.0		440.3
APMEA		65.4		65.8		64.5
Consolidated net sales	$	1,600.5	$	1,564.9	$	1,456.7
Operating income
Americas	$	187.4	$	171.1	$	146.8
Europe		49.9		49.8		47.6
APMEA		6.9		7.2		4.7
Subtotal reportable segments		244.2		228.1		199.1
Corporate(*)		(47.1)		(39.7)		(36.8)
Consolidated operating income		197.1		188.4		162.3
Interest income		(0.4)		(0.8)		(1.0)
Interest expense		14.1		16.3		19.1
Other (income) expense, net		(0.5)		(1.7)		1.1
Income before income taxes	$	183.9	$	174.6	$	143.1
Capital Expenditures
Americas	$	18.3	$	21.5	$	20.7
Europe		10.3		12.7		8.0
APMEA		0.6		1.7		0.7
Consolidated capital expenditures	$	29.2	$	35.9	$	29.4
Depreciation and Amortization
Americas	$	29.3	$	29.1	$	30.8
Europe		14.6		16.7		18.6
APMEA		2.7		2.7		2.8
Consolidated depreciation and amortization	$	46.6	$	48.5	$	52.2
Identifiable assets (at end of year)
Americas	$	1,102.9	$	1,028.1	$	1,069.2
Europe		515.2		510.2		524.0
APMEA		105.0		115.4		143.3
Consolidated identifiable assets	$	1,723.1	$	1,653.7	$	1,736.5
Property, plant and equipment, net (at end of year)
Americas	$	116.7	$	115.0	$	109.3
Europe		77.5		80.0		82.1
APMEA		5.8		6.9		7.1
Consolidated property, plant and equipment, net	$	200.0	$	201.9	$	198.5

*     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.

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

	December 31,
	2019		2018		2017
	(in millions)
U.S. net sales	$	1,014.0	$	964.2	$	886.2
U.S. property, plant and equipment, net (at end of year)	$	112.6	$	111.0	$	105.1

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

	December 31,
	2019		2018		2017
	(in millions)
Intersegment Sales
Americas	$	12.1	$	12.7	$	12.1
Europe		15.2		14.2		14.6
APMEA		67.7		88.4		69.7
Intersegment sales	$	95.0	$	115.3	$	96.4