XML 109 R35.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Business Segments (Tables)
 12 Months Ended
Dec. 29, 2019
Segment Reporting [Abstract]  
Industry Segment Disclosures for Net Sales and Operating Profit Including Other Segment Income
The following pre-tax charges were incurred related to severance and facility consolidations (in millions):
201920182017
Instrumentation$1.5  $5.6  $2.1  
Digital Imaging1.1  0.7  —  
Aerospace and Defense Electronics0.5  1.3  2.1  
Engineered Systems0.1  0.2  —  
Total$3.2  $7.8  $4.2  
Information on the Company’s business segments was as follows (in millions):
Net sales:201920182017
Instrumentation$1,105.1  $1,021.2  $953.9  
Digital Imaging992.9  875.3  710.4  
Aerospace and Defense Electronics690.1  640.2  591.2  
Engineered Systems375.5  365.1  348.3  
Total net sales$3,163.6  $2,901.8  $2,603.8  
Operating income:201920182017
Instrumentation$200.4  $147.4  $126.0  
Digital Imaging176.5  155.5  110.2  
Aerospace and Defense Electronics143.4  131.8  113.0  
Engineered Systems36.5  37.9  35.5  
Corporate expense(65.1) (56.0) (63.0) 
Total operating income $491.7  $416.6  $321.7  

Depreciation and amortization:  201920182017
Instrumentation  $35.9  $37.0  $38.2  
Digital Imaging  48.5  50.8  49.6  
Aerospace and Defense Electronics  14.3  13.8  14.0  
Engineered Systems  6.0  4.3  4.6  
Corporate  7.2  7.1  6.6  
Total depreciation and amortization  $111.9  $113.0  $113.0  
 
Capital expenditures:  201920182017
Instrumentation  $18.9  $14.8  $13.7  
Digital Imaging  45.2  35.8  23.4  
Aerospace and Defense Electronics  19.0  18.7  9.3  
Engineered Systems  3.6  13.6  7.4  
Corporate1.7  3.9  4.7  
Total capital expenditures  $88.4  $86.8  $58.5  
Identifiable assets are those assets used in the operations of the segments. Corporate assets primarily consist of cash, deferred taxes, pension assets and other assets.
Identifiable assets:201920182017
Instrumentation  $1,680.2  $1,392.7  $1,413.6  
Digital Imaging  1,874.6  1,577.5  1,582.2  
Aerospace and Defense Electronics  618.3  509.9  491.2  
Engineered Systems  143.4  151.5  135.5  
Corporate  263.3  177.7  223.9  
Total identifiable assets  $4,579.8  $3,809.3  $3,846.4  
Fiscal Year 2019 (in millions)
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
Net Sales:
Instrumentation$256.5  $264.1  $282.9  $301.6  
Digital Imaging232.4  248.4  244.0  268.1  
Aerospace and Defense Electronics166.6  176.0  177.1  170.4  
Engineered Systems89.7  93.5  98.2  94.1  
Total net sales$745.2  $782.0  $802.2  $834.2  
Operating income:
Instrumentation$39.9  $49.0  $52.0  $59.5  
Digital Imaging 36.6  51.6  41.2  47.1  
Aerospace and Defense Electronics32.5  38.6  39.5  32.8  
Engineered Systems6.4  9.0  10.6  10.5  
Corporate expense(18.1) (16.3) (14.6) (16.1) 
Total operating income$97.3  $131.9  $128.7  $133.8  
Fiscal Year 2018 (in millions)
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
Net Sales:
Instrumentation$239.0  $262.6  $256.2  $263.4  
Digital Imaging208.3  223.0  220.7  223.3  
Aerospace and Defense Electronics156.4  157.5  160.3  166.0  
Engineered Systems91.9  89.4  88.1  95.7  
Total net sales$695.6  $732.5  $725.3  $748.4  
Operating income:
Instrumentation$27.8  $40.9  $35.7  $43.0  
Digital Imaging 33.8  43.1  42.3  36.3  
Aerospace and Defense Electronics 30.8  32.6  33.0  35.4  
Engineered Systems8.9  8.7  9.6  10.7  
Corporate expense(12.9) (13.8) (15.1) (14.2) 
Total operating income$88.4  $111.5  $105.5  $111.2  
(a) The 2018 periods have been adjusted to reflect the realignment, in the third quarter of 2019, of the reporting structure for certain business units, primarily related to certain refinements of our management reporting structure. This change primarily related to moving certain electronic manufacturing services products from the Aerospace and Defense Electronics segment to the Engineered Systems segment. Other immaterial changes included moving certain United Kingdom (U.K.) microwave product lines (previously within the Digital Imaging segment) and certain U.K. manufactured composite parts (previously within the Engineered Systems segment) into the Aerospace and Defense Electronics segment.
Sales by Country of Origin and Long-Lived Assets by Major Geographic Area
Information on the Company’s sales by country of origin and long-lived assets by major geographic area was as follows (in millions): 
Sales by country of origin:  201920182017
United States  $2,179.6  $2,044.9  $1,849.4  
Canada  301.0  294.8  266.1  
United Kingdom251.7  178.8  197.5  
The Netherlands134.2  105.3  68.0  
All other countries  297.1  278.0  222.8  
Total sales  $3,163.6      $2,901.8      $2,603.8  
 
Long-lived assets:  201920182017
United States  $1,839.4  $1,402.3  $1,495.4  
Canada  355.0  264.6  288.2  
United Kingdom492.2  414.9  487.9  
France367.1  353.8  370.2  
All other countries  195.6  246.7  182.0  
Total long-lived assets  $3,249.3      $2,682.3      $2,823.7
Summary of Sales by Product Line
The tables below provide a summary of the sales by product line for the Instrumentation segment (in millions):
Instrumentation:201920182017
Environmental Instrumentation$391.4  $339.6  $314.3  
Marine Instrumentation450.2  433.0  430.7  
Test and Measurement Instrumentation263.5  248.6  208.9  
Total$1,105.1  $1,021.2  $953.9  
Disaggregation of Revenue
Twelve Months Ended
December 29, 2019		Twelve Months Ended
December 30, 2018
Customer TypeCustomer Type
(in millions)United States Government (a)Other, Primarily CommercialTotalUnited States Government (a)Other, Primarily CommercialTotal
Net Sales:
Instrumentation$80.4  $1,024.7  $1,105.1  $68.3  $952.9  $1,021.2  
Digital Imaging107.4  885.5  992.9  90.5  784.8  875.3  
Aerospace and Defense Electronics225.3  464.8  690.1  177.2  463.0  640.2  
Engineered Systems338.9  36.6  375.5  319.3  45.8  365.1  
Total$752.0  $2,411.6  $3,163.6  $655.3  $2,246.5  $2,901.8  
a) Includes sales as a prime contractor or subcontractor.
Twelve Months Ended
December 29, 2019		Twelve Months Ended
December 30, 2018
Contract TypeContract Type
(in millions)Fixed PriceCost TypeTotalFixed PriceCost TypeTotal
Net Sales:
Instrumentation$1,094.4  $10.7  $1,105.1  $1,001.0  $20.2  $1,021.2  
Digital Imaging903.1  89.8  992.9  795.5  79.8  875.3  
Aerospace and Defense Electronics687.8  2.3  690.1  637.4  2.8  640.2  
Engineered Systems168.9  206.6  375.5  165.8  199.3  365.1  
Total$2,854.2  $309.4  $3,163.6  $2,599.7  $302.1  $2,901.8  

Twelve Months Ended
December 29, 2019		Twelve Months Ended
December 30, 2018
Geographic Region (a)Geographic Region (a)
(in millions)United StatesEuropeAll otherTotalUnited StatesEuropeAll otherTotal
Net sales:
Instrumentation$899.7  $164.8  $40.6  $1,105.1  $835.0  $134.6  $51.6  $1,021.2  
Digital Imaging316.1  299.4  377.4  992.9  239.3  270.2  365.8  875.3  
Aerospace and Defense Electronics588.3  100.8  1.0  690.1  605.5  32.5  2.2  640.2  
Engineered Systems375.5  —  —  375.5  365.1  —  —  365.1  
Total$2,179.6  $565.0  $419.0  $3,163.6  $2,044.9  $437.3  $419.6  $2,901.8  
a) Net sales by geographic region of origin.