| 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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Year Ended December 31, |
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Year Ended December 31, |
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Year Ended December 31, |
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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2025 |
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2024 |
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2023 |
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2025 |
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2024 |
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2023 |
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2025 |
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2024 |
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2023 |
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Net Sales |
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$ |
5,191.1 |
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$ |
4,804.9 |
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$ |
4,633.6 |
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$ |
1,799.2 |
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$ |
1,686.3 |
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$ |
1,587.8 |
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$ |
1,241.2 |
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$ |
1,187.4 |
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$ |
1,172.8 |
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$ |
8,231.5 |
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$ |
7,678.6 |
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$ |
7,394.2 |
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Cost of products sold, excluding intangible asset amortization |
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1,146.3 |
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986.7 |
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972.1 |
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672.0 |
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585.8 |
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539.2 |
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434.1 |
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373.1 |
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360.8 |
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Selling, general and administrative |
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1,561.0 |
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1,382.5 |
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1,328.4 |
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535.6 |
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497.8 |
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498.8 |
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359.2 |
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342.0 |
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362.5 |
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Research and development |
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295.4 |
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267.7 |
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274.4 |
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7.7 |
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7.8 |
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6.9 |
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14.1 |
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13.3 |
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15.6 |
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Segment profit |
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$ |
2,188.4 |
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$ |
2,167.9 |
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$ |
2,058.7 |
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$ |
583.9 |
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$ |
594.9 |
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$ |
543.0 |
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$ |
433.8 |
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$ |
459.1 |
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$ |
433.9 |
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$ |
3,206.1 |
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$ |
3,221.9 |
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$ |
3,035.6 |
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Corporate items |
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1,442.1 |
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1,344.3 |
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1,196.4 |
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Intangible asset amortization |
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665.9 |
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591.9 |
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561.5 |
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Other (income) expense, net |
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(25.5 |
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31.1 |
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9.3 |
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Interest expense, net |
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292.8 |
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218.0 |
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201.2 |
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Earnings before income taxes |
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$ |
830.8 |
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$ |
1,036.6 |
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$ |
1,067.3 |
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Other segment information is as follows (in millions):
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Depreciation and Amortization |
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Year Ended December 31, |
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2025 |
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2024 |
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2023 |
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Americas |
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$ |
177.9 |
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$ |
160.7 |
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$ |
146.6 |
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EMEA |
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64.4 |
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65.0 |
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66.4 |
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Asia Pacific |
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60.4 |
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60.9 |
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62.0 |
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Corporate items |
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125.2 |
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117.8 |
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115.2 |
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Intangible asset amortization |
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665.9 |
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591.9 |
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561.5 |
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Total |
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$ |
1,093.8 |
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$ |
996.3 |
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$ |
951.7 |
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| Disclosure on Geographic Areas, Long-Lived Assets |
We conduct business in the following countries that hold 10 percent or more of our total consolidated Property, plant and equipment, net (in millions):
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As of December 31, |
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2025 |
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2024 |
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United States |
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$ |
1,331.5 |
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$ |
1,258.3 |
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Other countries |
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875.6 |
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790.5 |
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Property, plant and equipment, net |
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$ |
2,207.1 |
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$ |
2,048.8 |
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