v3.24.1.u1
Segment and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule Of Financial Performance By Reportable Segment
The following tables present our financial performance by reportable segment for the periods indicated (in millions):

Wholesale - North AmericaEuropeSpecialtySelf ServiceEliminationsConsolidated
Three Months Ended March 31, 2024
Revenue:
Third Party$1,500 $1,644 $422 $137 $— $3,703 
Intersegment— — 1 — (1)— 
Total segment revenue$1,500 $1,644 $423 $137 $(1)$3,703 
Segment EBITDA$244 $143 $27 $16 $— $430 
Total depreciation and amortization (1)
49 39 8 4 — 100 
Three Months Ended March 31, 2023
Revenue:
Third Party$1,229 $1,555 $396 $169 $— $3,349 
Intersegment— — 1 — (1)— 
Total segment revenue$1,229 $1,555 $397 $169 $(1)$3,349 
Segment EBITDA$252 $151 $31 $22 $— $456 
Total depreciation and amortization (1)
19 34 8 4 — 65 
(1)    Amounts presented include depreciation and amortization expense recorded within Cost of goods sold, SG&A expenses and Restructuring and transaction related expenses.
Reconciliation Of Net Income to Segment EBITDA
The table below provides a reconciliation of Net Income to Segment EBITDA (in millions):

Three Months Ended March 31,
20242023
Net income$158 $270 
Adjustments:
Depreciation and amortization100 65 
Interest expense, net of interest income61 33 
Loss on debt extinguishment— 1 
Provision for income taxes71 94 
Equity in losses (earnings) of unconsolidated subsidiaries (1)
2 (3)
Gains on foreign exchange contracts - acquisition related (2)
— (23)
Equity investment fair value adjustments— 1 
Restructuring and transaction related expenses (3)
30 18 
Restructuring expenses - cost of goods sold (3)
8 — 
Segment EBITDA$430 $456 
(1)    Refer to Note 6, "Equity Method Investments" for further information.
(2)    Refer to Note 2, "Business Combinations" and Note 13, "Derivative Instruments and Hedging Activities" for further information.
(3)    Refer to Note 8, "Restructuring and Transaction Related Expenses" for further information.
Schedule Of Capital Expenditures By Reportable Segment
The following table presents capital expenditures by reportable segment (in millions):

Three Months Ended March 31,
20242023
Capital Expenditures
Wholesale - North America
$21 $20 
Europe38 33 
Specialty4 13 
Self Service3 4 
Total capital expenditures$66 $70 
Schedule Of Assets By Reportable Segment
The following table presents assets by reportable segment (in millions):
March 31, 2024December 31, 2023
Receivables, net of allowance for credit losses
Wholesale - North America
$497 $470 
Europe733 580 
Specialty153 107 
Self Service9 8 
Total receivables, net of allowance for credit losses1,392 1,165 
Inventories
Wholesale - North America
1,234 1,217 
Europe1,372 1,390 
Specialty477 475 
Self Service40 39 
Total inventories3,123 3,121 
Property, plant and equipment, net
Wholesale - North America
641 644 
Europe626 642 
Specialty116 118 
Self Service110 112 
Total property, plant and equipment, net1,493 1,516 
Operating lease assets, net
Wholesale - North America
617 615 
Europe481 494 
Specialty81 84 
Self Service135 143 
Total operating lease assets, net1,314 1,336 
Other unallocated assets7,948 7,941 
Total assets$15,270 $15,079 
Schedule Of Tangible Long-Lived Assets By Geographic Area
The following table sets forth our tangible long-lived assets by geographic area (in millions):

March 31, 2024December 31, 2023
Long-lived assets
United States$1,488 $1,496 
Germany324 324 
United Kingdom299 295 
Other countries696 737 
Total long-lived assets$2,807 $2,852