| Schedule of Segment Results |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | (dollars in millions) | North America | | Rest of World | | | | Total Segments | | Corporate Expenses | | Total | | Sales from external customers | $ | 816.3 | | | $ | 188.0 | | | | | $ | 1,004.3 | | | $ | — | | | $ | 1,004.3 | | | Inter-segment sales | 4.2 | | | 6.9 | | | | | 11.1 | | | — | | | 11.1 | | | 820.5 | | | 194.9 | | | | | 1,015.4 | | | — | | | 1,015.4 | | | Elimination of Inter-segment sales | (4.2) | | | (6.9) | | | | | (11.1) | | | — | | | (11.1) | | | Net Sales | 816.3 | | | 188.0 | | | | | 1,004.3 | | | — | | | 1,004.3 | | | Cost of products sold | 496.0 | | | 120.5 | | | | | 616.5 | | | — | | | 616.5 | | | Gross profit | 320.3 | | | 67.5 | | | | | 387.8 | | | — | | | 387.8 | | | | | | | | | | | | | | | Selling, general and administrative expenses | 120.4 | | | 55.5 | | | | | 175.9 | | | 21.8 | | | 197.7 | | | Restructuring and impairment expense | 22.6 | | | — | | | | | 22.6 | | | — | | | 22.6 | | | Other expense (income), net | 0.1 | | | 1.8 | | | | | 1.9 | | | (0.5) | | | 1.4 | | | Earnings | $ | 177.2 | | | $ | 10.2 | | | | | $ | 187.4 | | | $ | (21.3) | | | $ | 166.1 | | | Interest expense | | | | | | | | | | | (8.1) | | | Earnings before provision for income taxes | | | | | | | | | | | $ | 158.0 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | (dollars in millions) | North America | | Rest of World | | Inter-segment Elimination | | Total Segments | | Corporate Expenses | | Total | | Sales from external customers | $ | 774.0 | | | $ | 237.3 | | | $ | — | | | $ | 1,011.3 | | | $ | — | | | $ | 1,011.3 | | | Inter-segment sales | 5.0 | | | 2.8 | | | — | | | 7.8 | | | — | | | 7.8 | | | 779.0 | | | 240.1 | | | — | | | 1,019.1 | | | — | | | 1,019.1 | | | Elimination of Inter-segment sales | (5.0) | | | (2.8) | | | — | | | (7.8) | | | — | | | (7.8) | | | Net Sales | 774.0 | | | 237.3 | | | — | | | 1,011.3 | | | — | | | 1,011.3 | | | Cost of products sold | 463.3 | | | 150.9 | | | — | | | 614.2 | | | — | | | 614.2 | | | Gross profit | 310.7 | | | 86.4 | | | — | | | 397.1 | | | — | | | 397.1 | | | Inter-segment profit | — | | | 0.2 | | | (0.2) | | | — | | | — | | | — | | | Selling, general and administrative expenses | 112.8 | | | 60.6 | | | — | | | 173.4 | | | 17.9 | | | 191.3 | | | Other (income) expense, net | (0.2) | | | 0.7 | | | — | | | 0.5 | | | (0.9) | | | (0.4) | | | Earnings | $ | 198.1 | | | $ | 25.3 | | | $ | (0.2) | | | $ | 223.2 | | | $ | (17.0) | | | $ | 206.2 | | | Interest expense | | | | | | | | | | | (4.6) | | | Earnings before provision for income taxes | | | | | | | | | | | $ | 201.6 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | (dollars in millions) | North America | | Rest of World | | | | Total Segments | | Corporate Expenses | | Total | | Sales from external customers | $ | 1,565.2 | | | $ | 384.7 | | | | | $ | 1,949.9 | | | $ | — | | | $ | 1,949.9 | | | Inter-segment sales | 8.7 | | | 10.9 | | | | | 19.6 | | | — | | | 19.6 | | | 1,573.9 | | | 395.6 | | | | | 1,969.5 | | | — | | | 1,969.5 | | | Elimination of Inter-segment sales | (8.7) | | | (10.9) | | | | | (19.6) | | | — | | | (19.6) | | | Net Sales | 1,565.2 | | | 384.7 | | | | | 1,949.9 | | | — | | | 1,949.9 | | | Cost of products sold | 947.7 | | | 248.7 | | | | | 1,196.4 | | | — | | | 1,196.4 | | | Gross profit | 617.5 | | | 136.0 | | | | | 753.5 | | | — | | | 753.5 | | | | | | | | | | | | | | | Selling, general and administrative expenses | 242.6 | | | 110.4 | | | | | 353.0 | | | 48.6 | | | 401.6 | | | Restructuring and impairment expense | 22.6 | | | — | | | | | 22.6 | | | — | | | 22.6 | | | Other (income) expense, net | (0.3) | | | 3.0 | | | | | 2.7 | | | (1.3) | | | 1.4 | | | Earnings | $ | 352.6 | | | $ | 22.6 | | | | | $ | 375.2 | | | $ | (47.3) | | | $ | 327.9 | | | Interest expense | | | | | | | | | | | (15.2) | | | Earnings before provision for income taxes | | | | | | | | | | | $ | 312.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | (dollars in millions) | North America | | Rest of World | | Inter-segment Elimination | | Total Segments | | Corporate Expenses | | Total | | Sales from external customers | $ | 1,517.4 | | | $ | 457.8 | | | $ | — | | | $ | 1,975.2 | | | $ | — | | | $ | 1,975.2 | | | Inter-segment sales | 10.3 | | | 9.0 | | | — | | | 19.3 | | | — | | | 19.3 | | | 1,527.7 | | | 466.8 | | | — | | | 1,994.5 | | | — | | | 1,994.5 | | | Elimination of Inter-segment sales | (10.3) | | | (9.0) | | | — | | | (19.3) | | | — | | | (19.3) | | | Net Sales | 1,517.4 | | | 457.8 | | | — | | | 1,975.2 | | | — | | | 1,975.2 | | | Cost of products sold | 909.0 | | | 293.7 | | | — | | | 1,202.7 | | | — | | | 1,202.7 | | | Gross profit | 608.4 | | | 164.1 | | | — | | | 772.5 | | | — | | | 772.5 | | | Inter-segment profit | — | | | 0.2 | | | (0.2) | | | — | | | — | | | — | | | Selling, general and administrative expenses | 226.2 | | | 118.0 | | | — | | | 344.2 | | | 39.7 | | | 383.9 | | | Other (income) expense, net | (1.1) | | | 1.3 | | | — | | | 0.2 | | | (1.8) | | | (1.6) | | | Earnings | $ | 383.3 | | | $ | 45.0 | | | $ | (0.2) | | | $ | 428.1 | | | $ | (37.9) | | | $ | 390.2 | | | Interest expense | | | | | | | | | | | (7.5) | | | Earnings before provision for income taxes | | | | | | | | | | | $ | 382.7 | |
Assets, depreciation and capital expenditures by segment | | | | | | | | | | | | | Assets | | | | | (dollars in millions) | June 30, 2026 | | December 31, 2025 | | North America | $ | 2,844.8 | | | $ | 2,325.7 | | | Rest of World | 530.2 | | | 547.3 | | | Total Segments | 3,375.0 | | | 2,873.0 | | Corporate(1) | 269.5 | | | 269.8 | | | Total | $ | 3,644.5 | | | $ | 3,142.8 | |
(1) The majority of corporate assets consist of cash, cash equivalents, marketable securities, and deferred income taxes. | | | | | | | | | | | | | | | | | | | | | | | | | Depreciation and amortization | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (dollars in millions) | 2026 | | 2025 | | 2026 | | 2025 | | North America | $ | 19.8 | | | $ | 15.6 | | | $ | 38.9 | | | $ | 31.0 | | | Rest of World | 4.4 | | | 4.4 | | | 8.9 | | | 9.4 | | | Total Segments | 24.2 | | | 20.0 | | | 47.8 | | | 40.4 | | | Corporate | 0.4 | | | 0.5 | | | 0.7 | | | 0.8 | | | Total | $ | 24.6 | | | $ | 20.5 | | | $ | 48.5 | | | $ | 41.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Capital expenditures | Three Months Ended
June 30, | | Six Months Ended
June 30, | | (dollars in millions) | 2026 | | 2025 | | 2026 | | 2025 | | North America | $ | 8.4 | | | $ | 13.7 | | | $ | 17.9 | | | $ | 32.7 | | | Rest of World | 1.5 | | | 3.4 | | | 2.5 | | | 5.7 | | | Total Segments | 9.9 | | | 17.1 | | | 20.4 | | | 38.4 | | | Corporate | 0.1 | | | — | | | 0.1 | | | — | | | Total | $ | 10.0 | | | $ | 17.1 | | | $ | 20.5 | | | $ | 38.4 | |
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