Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Information

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

	Year Ended December 31,
	2023		2022		2021
	(in millions)
Net sales
Americas	$	1,428.1	$	1,390.0	$	1,207.2
Europe		512.1		499.1		517.4
APMEA		116.1		90.4		84.6
Consolidated net sales	$	2,056.3	$	1,979.5	$	1,809.2
Operating income (loss)
Americas	$	325.2	$	283.9	$	211.0
Europe		70.4		66.7		63.6
APMEA		16.1		14.0		14.4
Subtotal reportable segments		411.7		364.6		289.0
Corporate(*)		(60.8)		(49.6)		(49.4)
Consolidated operating income		350.9		315.0		239.6
Interest income		(7.2)		(0.6)		—
Interest expense		8.2		7.0		6.3
Other expense (income), net		0.4		1.0		(0.8)
Income before income taxes	$	349.5	$	307.6	$	234.1
Capital expenditures
Americas	$	20.8	$	16.2	$	17.6
Europe		8.0		11.2		8.5
APMEA		0.9		0.7		0.6
Consolidated capital expenditures	$	29.7	$	28.1	$	26.7
Depreciation and amortization
Americas	$	31.5	$	27.4	$	29.8
Europe		9.6		10.3		12.6
APMEA		2.2		2.0		2.7
Consolidated depreciation and amortization	$	43.3	$	39.7	$	45.1
Identifiable assets (at end of period)
Americas	$	1,605.7	$	1,222.8	$	1,133.5
Europe		569.1		583.5		584.8
APMEA		134.6		124.6		137.3
Consolidated identifiable assets	$	2,309.4	$	1,930.9	$	1,855.6
Property, plant and equipment, net (at end of period)
Americas	$	174.0	$	124.1	$	121.3
Europe		69.9		68.4		74.5
APMEA		4.3		4.3		4.9
Consolidated property, plant and equipment, net	$	248.2	$	196.8	$	200.7

*     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.

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

	December 31,
	2023		2022		2021
	(in millions)
U.S. net sales	$	1,324.4	$	1,301.2	$	1,123.9
U.S. property, plant and equipment, net (at end of year)	$	161.5	$	119.0	$	116.2

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

	December 31,
	2023		2022		2021
	(in millions)
Intersegment Sales
Americas	$	7.9	$	11.1	$	9.3
Europe		24.7		24.7		29.1
APMEA		85.2		71.4		120.5
Intersegment sales	$	117.8	$	107.2	$	158.9