v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Sales Information By Reportable Segments Segment results for the three and six months ended June 30, 2026 and 2025 and assets as of June 30, 2026 and December 31, 2025 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended June 30,North AmericaLatin AmericaEurope/Middle EastAsia/Pacific/AfricaTotal Segments
2026
Net sales$471.5 $271.3 $1,732.4 $134.5 $2,609.7 
Cost of goods sold
378.9 236.0 1,242.4 106.5 1,963.8 
Selling, general and administrative expenses
77.1 42.1 146.5 14.8 280.5 
Engineering expenses
40.0 15.0 83.3 2.9 141.2 
Income (loss) from operations$(24.5)$(21.8)$260.2 $10.3 $224.2 
Depreciation$14.7 $9.8 $39.1 $3.5 $67.1 
Capital expenditures8.7 9.2 38.4 0.9 57.2 
2025
Net sales$393.9 $330.4 $1,774.9 $135.8 $2,635.0 
Cost of goods sold
305.3 265.8 1,299.3 106.0 1,976.4 
Selling, general and administrative expenses
78.7 31.7 140.1 17.9 268.4 
Engineering expenses
35.1 6.0 74.2 2.5 117.8 
Income from operations$(25.2)$26.9 $261.3 $9.4 $272.4 
Depreciation$13.9 $8.2 $38.9 $3.1 $64.1 
Capital expenditures4.4 9.9 27.2 0.7 42.2 
Six Months Ended June 30,North America
Latin America
Europe/Middle EastAsia/Pacific/AfricaTotal Segments
2026
Net sales$877.9 $483.0 $3,333.2 $258.5 $4,952.6 
Cost of goods sold
717.0 439.9 2,361.9 206.5 3,725.3 
Selling, general and administrative expenses
159.3 78.1 288.6 32.2 558.2 
Engineering expenses
77.1 27.7 163.5 5.5 273.8 
Income (loss) from operations$(75.5)$(62.7)$519.2 $14.3 $395.3 
Depreciation$30.2 $18.8 $78.0 $6.8 $133.8 
Capital expenditures14.7 16.2 68.6 2.3 101.8 
2025
Net sales
$763.4 $586.4 $3,105.4 $230.3 $4,685.5 
Cost of goods sold
581.0 470.9 2,270.1 184.3 3,506.3 
Selling, general and administrative expenses
163.5 65.8 275.3 34.4 539.0 
Engineering expenses
68.3 16.3 144.3 4.9 233.8 
Income (loss) from operations
$(49.4)$33.4 $415.7 $6.7 $406.4 
Depreciation$29.0 $16.2 $74.0 $5.4 $124.6 
Capital expenditures9.1 18.1 61.6 1.6 90.4 
Assets
As of June 30, 2026
$1,354.9 $1,217.4 $3,160.6 $613.4 $6,346.3 
As of December 31, 2025
1,303.9 1,158.0 2,907.6 606.6 5,976.1 
Schedule of Reconciliation of Income from Operations from Segment to Consolidated A reconciliation from the segment information to the consolidated balances for income from operations is set forth below (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Segment income from operations$224.2 $272.4 $395.3 $406.4 
Impairment charges— (6.8)(2.1)(7.9)
Loss on sale of business
— (12.3)— (12.3)
Corporate expenses(38.1)(47.7)(89.2)(95.8)
Amortization of intangibles(17.1)(15.7)(34.0)(31.0)
Stock compensation expense(17.1)(10.3)(27.4)(17.4)
Restructuring and business optimization expenses
(11.2)(15.6)(21.2)(28.6)
Consolidated income from operations
$140.7 $164.0 $221.4 $213.4