v3.25.2
Business Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Summary of Operations by Reportable Segments
A summary of results by reportable segment for the three and six months ended June 30 were as follows:
Three months endedSix months ended
In millions2025202420252024
Americas
Segment revenues$4,692.3 $4,290.9 $8,493.0 $7,625.8 
Segment cost of goods sold(2,909.8)(2,731.7)(5,346.7)(4,923.3)
Segment selling and administrative expenses(729.7)(655.3)(1417.0)(1,253.3)
Segment Adjusted Operating Income$1,052.8 $903.9 $1,729.3 $1,449.2 
Segment depreciation and amortization76.3 76.5 155.4 148.6 
Segment other income/(expense), net(3.8)(2.2)(6.0)(14.8)
Segment Adjusted EBITDA$1,125.3 $978.2 $1,878.7 $1,583.0 
EMEA
Segment revenues$707.9 $645.3 $1,281.4 $1,198.7 
Segment cost of goods sold(460.9)(412.5)(836.0)(765.2)
Segment selling and administrative expenses(124.3)(111.8)(239.3)(216.8)
Segment Adjusted Operating Income$122.7 $121.0 $206.1 $216.7 
Segment depreciation and amortization12.0 10.7 22.6 21.6 
Segment other income/(expense), net(5.2)(0.7)(7.2)(7.9)
     Segment Adjusted EBITDA $129.5 $131.0 $221.5 $230.4 
Asia Pacific
Segment revenues$346.2 $371.2 $660.5 $698.5 
Segment cost of goods sold(209.6)(221.9)(402.6)(427.7)
Segment selling and administrative expenses(61.9)(60.0)(116.6)(115.1)
Segment Adjusted Operating Income$74.7 $89.3 $141.3 $155.7 
Segment depreciation and amortization4.6 4.4 8.6 8.8 
Segment other income/(expense), net1.5 1.1 1.8 1.2 
Segment Adjusted EBITDA$80.8 $94.8 $151.7 $165.7 
A reconciliation of Segment Adjusted EBITDA and Segment Adjusted Operating Income to earnings before income taxes for the three and six months ended June 30 was as follows:
Three months endedSix months ended
In millions2025202420252024
Total Segment Adjusted EBITDA$1,335.6 $1,204.0 $2,251.9 $1,979.1 
Total Segment depreciation and amortization(92.9)(91.6)(186.6)(179.0)
Total Segment other income/(expense), net7.5 1.8 11.4 21.5 
Total Segment Adjusted Operating Income1,250.2 1,114.2 2,076.7 1,821.6 
Restructuring costs(1.3)(0.8)(1.3)(5.5)
Non-cash adjustment for contingent consideration— 8.9 61.2 8.9 
Unallocated corporate expenses(84.7)(87.7)(153.5)(156.7)
Interest expense(57.4)(57.5)(115.5)(115.5)
Other income/(expense), net(14.1)(4.5)(22.0)(29.5)
Earnings before income taxes$1,092.7 $972.6 $1,845.6 $1,523.3