Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Information

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

	Year Ended December 31,
	2022		2021		2020
	(in millions)
Net sales
Americas	$	1,390.0	$	1,207.2	$	1,025.7
Europe		499.1		517.4		424.9
APMEA		90.4		84.6		58.0
Consolidated net sales	$	1,979.5	$	1,809.2	$	1,508.6
Operating income (loss)
Americas	$	283.9	$	211.0	$	166.3
Europe		66.7		63.6		50.2
APMEA		14.0		14.4		3.5
Subtotal reportable segments		364.6		289.0		220.0
Corporate(*)		(49.6)		(49.4)		(38.9)
Consolidated operating income		315.0		239.6		181.1
Interest income		(0.6)		—		(0.2)
Interest expense		7.0		6.3		13.3
Other (income) expense, net		1.0		(0.8)		1.0
Income before income taxes	$	307.6	$	234.1	$	167.0
Capital expenditures
Americas	$	16.2	$	17.6	$	31.2
Europe		11.2		8.5		11.4
APMEA		0.7		0.6		1.2
Consolidated capital expenditures	$	28.1	$	26.7	$	43.8
Depreciation and amortization
Americas	$	27.4	$	29.8	$	29.7
Europe		10.3		12.6		14.3
APMEA		2.0		2.7		2.5
Consolidated depreciation and amortization	$	39.7	$	45.1	$	46.5
Identifiable assets (at end of period)
Americas	$	1,222.8	$	1,133.5	$	1,075.1
Europe		583.5		584.8		537.2
APMEA		124.6		137.3		125.9
Consolidated identifiable assets	$	1,930.9	$	1,855.6	$	1,738.2
Property, plant and equipment, net (at end of period)
Americas	$	124.1	$	121.3	$	122.9
Europe		68.4		74.5		83.8
APMEA		4.3		4.9		5.6
Consolidated property, plant and equipment, net	$	196.8	$	200.7	$	212.3

*     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,
	2022		2021		2020
	(in millions)
U.S. net sales	$	1,301.2	$	1,123.9	$	956.5
U.S. property, plant and equipment, net (at end of year)	$	119.0	$	116.2	$	118.9

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

	December 31,
	2022		2021		2020
	(in millions)
Intersegment Sales
Americas	$	11.1	$	9.3	$	8.7
Europe		24.7		29.1		18.9
APMEA		71.4		120.5		71.4
Intersegment sales	$	107.2	$	158.9	$	99.0