Quarterly report [Sections 13 or 15(d)]

Segment Information - Reconciliation of Operating Profit (Loss) from Segments to Consolidated (Detail)

v3.25.2
Segment Information - Reconciliation of Operating Profit (Loss) from Segments to Consolidated (Detail) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Contribution Margin        
Total contribution margin [1] $ 536.3 $ 541.6 $ 1,059.4 $ 1,068.9
Selling, general, and administrative expenses excluding service fees to China independent service providers [1],[2] 408.5 461.2 808.8 916.6
Other operating income (4.8) 0.0 (4.8) 0.0
Interest expense, net 53.6 57.7 105.6 95.6
Other expense, net 0.0 10.5 0.0 10.5
Income before income taxes 79.0 12.2 149.8 46.2
Income taxes 29.8 7.5 50.2 17.2
Net income 49.2 4.7 99.6 29.0
Primary Reporting Segment [Member]        
Contribution Margin        
Total contribution margin [1] 507.7 513.7 1,007.5 1,014.9
China [Member]        
Contribution Margin        
Total contribution margin [1] 28.6 27.9 51.9 54.0
Other operating income $ (4.8) $ 0.0 $ (4.8) $ 0.0
[1] Contribution margin consists of net sales less cost of sales, Royalty overrides, and service fees to our independent service providers in China. For the China segment, contribution margin includes the portion of service fees to China independent service providers that are currently recorded in selling, general, and administrative expenses within the Company's accompanying condensed consolidated statements of income, which totaled $39.4 million and $41.1 million for the three months ended June 30, 2025 and 2024, respectively, and $71.0 million and $77.9 million for the six months ended June 30, 2025 and 2024, respectively.
[2] Selling, general, and administrative expenses exclude the portion of service fees to China independent service providers that are included in selling, general, and administrative expenses within the Company’s accompanying condensed consolidated statements of income as described in footnote (1) above.