Segment Reporting

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

The Company’s reportable segments are based on the Company’s method of internal reporting and are comprised of various product offerings that serve multiple end markets. These results are not necessarily indicative of the results of operations that would have occurred had each segment been an independent, stand-alone entity during the periods presented. The internal reporting of these operating segments is based, in part, on the reporting and review process used by the Company’s Chief Executive Officer. The Company has three operating segments: 1) Off Road, 2) On Road, and 3) Marine, which are all reportable segments. The Corporate amounts include revenues and costs of businesses that were divested in 2021, as well as costs that are not allocated to segments, including certain unallocated manufacturing costs and the impacts of certain foreign currency transactions. Businesses that are presented as discontinued operations are excluded from the table below.

Segment sales and gross profit data is summarized as follows (in millions):

	For the Years Ended December 31,
	2023		2022		2021
Sales
Off Road	$	6,984.4	$	6,436.2	$	5,574.6
On Road	1,184.6		1,163.4		1,031.8
Marine	765.4		989.4		760.2
Corporate	—		—		72.6
Total sales	$	8,934.4	$	8,589.0	$	7,439.2
Gross profit
Off Road	$	1,531.6	$	1,523.4	$	1,329.8
On Road	240.4		206.3		160.7
Marine	169.0		222.5		170.6
Corporate	18.9		7.3		89.8
Total gross profit	$	1,959.9	$	1,959.5	$	1,750.9