v3.26.3
Segment Reporting (Tables)
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Schedule of Sales Information By Reportable Segments Segment results for the three and nine months ended September 30, 2026 and 2025 and assets as of September 30, 2026 and December 31, 2025 based on the Company’s reportable segments are as follows (in millions):
Three Months Ended September 30,North AmericaLatin AmericaEurope/Middle EastAsia/Pacific/AfricaTotal Segments
2026
Net sales$485.3 $292.3 $1,306.1 $178.8 $2,262.5 
Cost of goods sold
360.8 239.4 960.8 136.1 1,697.1 
Selling, general and administrative expenses
77.5 31.7 136.1 14.8 260.1 
Engineering expenses
33.2 13.8 71.9 3.0 121.9 
Income from operations$13.8 $7.4 $137.3 $24.9 $183.4 
Depreciation$16.2 $9.7 $35.9 $3.3 $65.1 
Capital expenditures10.2 7.0 42.5 0.7 60.4 
2025
Net sales$359.9 $345.5 $1,613.8 $157.1 $2,476.3 
Cost of goods sold
283.5 278.1 1,143.9 124.3 1,829.8 
Selling, general and administrative expenses
82.4 34.9 146.0 21.7 285.0 
Engineering expenses
36.0 12.1 71.5 3.4 123.0 
Income (loss) from operations$(42.0)$20.4 $252.4 $7.7 $238.5 
Depreciation$14.7 $8.6 $36.4 $3.0 $62.7 
Capital expenditures7.1 11.9 49.5 0.4 68.9 
Nine Months Ended September 30,North America
Latin America
Europe/Middle EastAsia/Pacific/AfricaTotal Segments
2026
Net sales$1,363.2 $775.3 $4,639.3 $437.3 $7,215.1 
Cost of goods sold
1,077.8 679.3 3,322.7 342.6 5,422.4 
Selling, general and administrative expenses
236.8 109.8 424.7 47.0 818.3 
Engineering expenses
110.3 41.5 235.4 8.5 395.7 
Income (loss) from operations$(61.7)$(55.3)$656.5 $39.2 $578.7 
Depreciation$46.4 $28.5 $113.9 $10.1 $198.9 
Capital expenditures24.9 23.2 111.1 3.0 162.2 
2025
Net sales
$1,123.3 $931.9 $4,719.2 $387.4 $7,161.8 
Cost of goods sold
864.5 749.0 3,414.0 308.6 5,336.1 
Selling, general and administrative expenses
245.9 100.7 421.3 56.1 824.0 
Engineering expenses
104.3 28.4 215.8 8.3 356.8 
Income (loss) from operations
$(91.4)$53.8 $668.1 $14.4 $644.9 
Depreciation$43.7 $24.8 $110.4 $8.4 $187.3 
Capital expenditures16.2 30.0 111.1 2.0 159.3 
Assets
As of September 30, 2026
$1,415.0 $1,233.7 $3,138.2 $560.1 $6,347.0 
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 September 30,Nine Months Ended
September 30,
2026202520262025
Segment income from operations$183.4 $238.5 $578.7 $644.9 
Impairment charges— 0.6 (2.1)(7.3)
Loss on sale of business
— — — (12.3)
Corporate expenses(37.2)(48.9)(126.4)(144.7)
Amortization of intangibles(17.1)(23.0)(51.1)(54.0)
Stock compensation expense(6.5)(6.9)(33.9)(24.3)
Restructuring and business optimization expenses
(6.5)(8.7)(27.7)(37.3)
Consolidated income from operations
$116.1 $151.6 $337.5 $365.0