| Summary of Segment Operating Profit Measures by Segment and Other Segment Information |
Segment operating profit measures by segment are as follows (in millions):
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Americas |
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EMEA |
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Asia Pacific |
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Total |
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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Three Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
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Net Sales |
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$ |
1,359.0 |
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$ |
1,287.0 |
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$ |
478.5 |
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$ |
458.1 |
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$ |
339.5 |
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$ |
332.2 |
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$ |
2,177.0 |
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$ |
2,077.3 |
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Cost of products sold, excluding intangible asset amortization |
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309.3 |
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292.7 |
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182.6 |
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166.6 |
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124.2 |
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117.6 |
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Selling, general and administrative |
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432.7 |
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385.2 |
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142.8 |
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136.0 |
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107.3 |
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90.7 |
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Research and development |
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71.1 |
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73.6 |
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1.9 |
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1.7 |
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3.9 |
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3.5 |
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Segment profit |
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$ |
546.0 |
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$ |
535.6 |
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$ |
151.1 |
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$ |
153.8 |
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$ |
104.1 |
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$ |
120.3 |
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$ |
801.2 |
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$ |
809.7 |
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Corporate items |
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311.7 |
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349.1 |
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Intangible asset amortization |
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163.4 |
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160.6 |
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Other income (expense), net |
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(1.9 |
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(3.9 |
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Interest expense, net |
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72.9 |
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79.3 |
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Earnings before income taxes |
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$ |
255.1 |
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$ |
224.6 |
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Americas |
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EMEA |
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Asia Pacific |
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Total |
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Six Months Ended June 30, |
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Six Months Ended June 30, |
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Six Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
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2026 |
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2025 |
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Net Sales |
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$ |
2,683.5 |
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$ |
2,493.8 |
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$ |
968.3 |
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$ |
899.9 |
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$ |
611.8 |
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$ |
592.7 |
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$ |
4,263.7 |
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$ |
3,986.4 |
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Cost of products sold, excluding intangible asset amortization |
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|
618.0 |
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570.9 |
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|
369.0 |
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332.5 |
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212.1 |
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201.0 |
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Selling, general and administrative |
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858.2 |
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744.8 |
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292.3 |
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259.3 |
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195.3 |
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175.9 |
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Research and development |
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143.0 |
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144.6 |
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3.7 |
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3.8 |
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7.2 |
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6.8 |
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Segment profit |
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$ |
1,064.3 |
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$ |
1,033.5 |
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$ |
303.4 |
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$ |
304.3 |
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$ |
197.1 |
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$ |
209.1 |
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$ |
1,564.8 |
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$ |
1,546.9 |
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Corporate items |
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540.1 |
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643.1 |
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Intangible asset amortization |
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325.5 |
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311.6 |
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Other income (expense), net |
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1.1 |
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(6.9 |
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Interest expense, net |
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141.7 |
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145.5 |
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Earnings before income taxes |
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$ |
556.4 |
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$ |
453.6 |
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Depreciation and amortization included in segment profit is as follows (in millions):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
|
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|
2026 |
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2025 |
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2026 |
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2025 |
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Americas |
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$ |
45.1 |
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$ |
45.8 |
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$ |
90.0 |
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$ |
86.5 |
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EMEA |
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16.8 |
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15.9 |
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33.8 |
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31.5 |
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Asia Pacific |
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15.7 |
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15.0 |
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31.1 |
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30.2 |
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Corporate items |
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29.8 |
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|
34.5 |
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|
60.4 |
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|
66.4 |
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Intangible asset amortization |
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163.4 |
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160.6 |
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325.5 |
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311.6 |
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Total |
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$ |
270.8 |
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$ |
271.8 |
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$ |
540.8 |
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$ |
526.2 |
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