Segment Information (Tables)

12 Months Ended

Dec. 31, 2020

Segment Information

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

	Year Ended December 31,
	2020		2019		2018
	(in millions)
Net sales
Americas	$	1,025.7	$	1,084.1	$	1,032.1
Europe		424.9		451.0		467.0
APMEA		58.0		65.4		65.8
Consolidated net sales	$	1,508.6	$	1,600.5	$	1,564.9
Operating income
Americas	$	166.3	$	187.4	$	171.1
Europe		50.2		49.9		49.8
APMEA		3.5		6.9		7.2
Subtotal reportable segments		220.0		244.2		228.1
Corporate(*)		(38.9)		(47.1)		(39.7)
Consolidated operating income		181.1		197.1		188.4
Interest income		(0.2)		(0.4)		(0.8)
Interest expense		13.3		14.1		16.3
Other expense (income), net		1.0		(0.5)		(1.7)
Income before income taxes	$	167.0	$	183.9	$	174.6
Capital expenditures
Americas	$	31.2	$	18.3	$	21.5
Europe		11.4		10.3		12.7
APMEA		1.2		0.6		1.7
Consolidated capital expenditures	$	43.8	$	29.2	$	35.9
Depreciation and amortization
Americas	$	29.7	$	29.3	$	29.1
Europe		14.3		14.6		16.7
APMEA		2.5		2.7		2.7
Consolidated depreciation and amortization	$	46.5	$	46.6	$	48.5
Identifiable assets (at end of year)
Americas	$	1,075.1	$	1,102.9	$	1,028.1
Europe		537.2		515.2		510.2
APMEA		125.9		105.0		115.4
Consolidated identifiable assets	$	1,738.2	$	1,723.1	$	1,653.7
Property, plant and equipment, net (at end of year)
Americas	$	122.9	$	116.7	$	115.0
Europe		83.8		77.5		80.0
APMEA		5.6		5.8		6.9
Consolidated property, plant and equipment, net	$	212.3	$	200.0	$	201.9

*     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,
	2020		2019		2018
	(in millions)
U.S. net sales	$	956.5	$	1,014.0	$	964.2
U.S. property, plant and equipment, net (at end of year)	$	118.9	$	112.6	$	111.0

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

	December 31,
	2020		2019		2018
	(in millions)
Intersegment Sales
Americas	$	8.7	$	12.1	$	12.7
Europe		18.9		15.2		14.2
APMEA		71.4		67.7		88.4
Intersegment sales	$	99.0	$	95.0	$	115.3