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SEGMENT AND GEOGRAPHIC INFORMATION
 12 Months Ended
Dec. 31, 2024
Segments and Geographic Information [Abstract]  
SEGMENT AND GEOGRAPHIC INFORMATION SEGMENT AND GEOGRAPHIC INFORMATION     
For all segments, the CODM primarily uses net sales, gross margin and segment operating income in the annual budgeting, forecasting and operating process.

The CODM is also provided, on a quarterly basis, cost of sales as well as components of operating expense such as distribution, research and development, selling, administration, impairment charges, and restructuring expenses to make decisions about allocating capital and personnel to the segments.

Below is a summary of our results by reporting segment (in millions)(1):

CSCACSCIUnallocatedTotal
Year Ended December 31, 2024
Net sales$2,693.7 $1,679.6 $— $4,373.4 
Cost of sales1,914.6 916.1 — 2,830.7 
Gross profit779.1 763.5 — 1,542.7 
Gross margin 28.9 %45.5 %— %35.3 %
Operating expenses
Distribution55.5 42.5 — 98.0 
Research and development60.0 52.2 — 112.2 
Selling202.1 344.5 — 546.6 
Administration124.1 141.1 202.8 468.0 
Impairment charges38.6 50.3 — 88.9 
Restructuring28.9 53.8 27.4 110.1 
Other operating (income) expense, net— (25.9)31.9 6.0 
Total operating expenses509.2 658.5 262.1 1,429.8 
Operating income (loss)$269.9 $105.0 $(262.1)$112.9 
Operating income %10.0 %6.3 %NM2.6 %
Interest expense, net187.8 
Other (income) expense, net(0.9)
(Gain) loss on extinguishment of debt6.7 
Income (loss) from continuing operations before income taxes(80.7)

CSCACSCIUnallocatedTotal
Year Ended December 31, 2024
Total assets $4,687.6 $4,960.1 $— $9,647.7 
Capital expenditures$84.5 $33.8 $— $118.3 
Property, plant and equipment, net$769.0 $148.8 $— $917.8 
Depreciation/amortization$138.2 $187.7 $— $325.9 
CSCACSCIUnallocatedTotal
Year Ended December 31, 2023
Net sales$2,962.3 $1,693.3 $— $4,655.6 
Cost of sales2,053.9 921.3 — 2,975.2 
Gross profit908.4 772.0 — 1,680.4 
Gross margin 30.7 %45.6 %— %36.1 %
Operating expenses
Distribution62.3 48.2 — 110.5 
Research and development70.4 52.1 — 122.5 
Selling219.2 422.6 — 641.8 
Administration153.9 173.8 194.6 522.3 
Impairment charges— 90.0 — 90.0 
Restructuring13.0 21.4 7.8 42.2 
Other operating (income) expense, net— (0.8)— (0.8)
Total operating expenses518.8 807.2 202.5 1,528.5 
Operating income (loss)$389.6 $(35.2)$(202.5)$151.9 
Operating income %13.2 %(2.1)%NM3.3 %
Interest expense, net173.8 
Other (income) expense, net(10.4)
(Gain) loss on extinguishment of debt(3.2)
Income (loss) from continuing operations before income taxes$(8.3)

CSCACSCIUnallocatedTotal
Year Ended December 31, 2023
Total assets $4,952.9 $5,856.2 $— $10,809.1 
Capital expenditures$66.4 $35.3 $— $101.7 
Property, plant and equipment, net$762.8 $153.6 $— $916.4 
Depreciation/amortization$133.2 $226.3 $— $359.5 

CSCACSCIUnallocatedTotal
Year Ended December 31, 2022
Net sales$2,925.9 $1,525.7 $— $4,451.6 
Cost of sales2,138.7 857.5 — 2,996.2 
Gross profit787.2 668.2 — 1,455.4 
Gross margin 26.9 %43.8 %— %32.7 %
Operating expenses
Distribution69.7 43.3 — 113.0 
Research and development68.2 54.9 — 123.1 
Selling172.7 412.1 — 584.8 
Administration111.8 158.5 242.0 512.3 
Restructuring2.5 29.4 10.6 42.5 
Other operating (income) expense, net(3.8)— 4.6 0.8 
Total operating expenses421.1 698.2 257.2 1,376.5 
Operating income (loss)$366.1 $(30.0)$(257.2)$78.9 
Operating income %12.5 %(2.0)%NM1.8 %
Interest expense, net156.0 
Other (income) expense, net53.1 
(Gain) loss on extinguishment of debt8.9 
Income (loss) from continuing operations before income taxes$(139.1)
CSCACSCIUnallocatedTotal
Year Ended December 31, 2022
Total assets $5,134.1 $5,883.2 $— $11,017.3 
Capital expenditures$68.1 $26.2 $— $94.3 
Property, plant and equipment, net$772.0 $154.3 $— $926.3 
Depreciation/amortization$123.3 $215.3 $— $338.6 
(1) Amounts may not foot due to rounding.

The net book value of property, plant and equipment, net by location was as follows (in millions):
Year Ended
December 31, 2024December 31, 2023
U.S.$720.5 $720.0 
Europe(1)
197.2 184.9 
All other countries0.1 11.5 
$917.8 $916.4 

(1) Includes Ireland property, plant and equipment, net of $1.7 million and $0.2 million, for the years ended December 31, 2024 and December 31, 2023, respectively.

Sales to Walmart as a percentage of Consolidated Net sales (reported primarily in CSCA) were as follows:
Year Ended
December 31, 2024December 31, 2023December 31, 2022
11.9%11.8%12.5%