Segment Information

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 17. SEGMENT INFORMATION

We report our results in two separate business segments consisting of Professional Instrumentation and Industrial Technologies. When determining the reportable segments, we aggregated operating segments based on their similar economic and operating characteristics. Operating profit represents total revenues less operating expenses, excluding other income/expense, interest and income taxes. The identifiable assets by segment are those used in each segment’s operations. Inter-segment amounts are not significant and are eliminated to arrive at combined totals. Operating profit amounts in the Other category consist of unallocated corporate costs and other costs not considered part of our evaluation of reportable segment operating performance.

Segment results are shown below ($ in millions):

	For The Year Ended December 31
	2017			2016			2015
Sales:
Professional Instrumentation	$	3,139.1		$	2,891.6		$	2,974.2
Industrial Technologies	3,516.9			3,332.7			3,204.6
Total	$	6,656.0		$	6,224.3		$	6,178.8
Operating Profit:
Professional Instrumentation	$	709.7		$	642.3		$	694.8
Industrial Technologies	718.7			667.4			617.2
Other	(73.5		)	(63.7		)	(42.3		)
Total	$	1,354.9		$	1,246.0		$	1,269.7
Identifiable assets:
Professional Instrumentation	$	5,588.1		$	3,905.2		$	3,894.0
Industrial Technologies	3,773.7			3,294.8			3,316.6
Other	1,138.8			989.8			—
Total	$	10,500.6		$	8,189.8		$	7,210.6
Depreciation and amortization:
Professional Instrumentation	$	82.0		$	99.4		$	103.5
Industrial Technologies	86.1			75.7			73.4
Other	6.0			1.3			—
Total	$	174.1		$	176.4		$	176.9
Capital expenditures, gross:
Professional Instrumentation	$	37.0		$	36.2		$	34.6
Industrial Technologies	96.8			84.4			85.5
Other	2.3			9.0			—
Total	$	136.1		$	129.6		$	120.1

Operations in Geographical Areas:

	For The Year Ended December 31
($ in millions)	2017		2016		2015
Sales:
United States	$	3,636.1	$	3,471.2	$	3,415.8
China	612.1		536.0		501.4
Germany	307.7		268.1		268.2
All other (each country individually less than 5% of total sales)	2,100.1		1,949.0		1,993.4
Total	$	6,656.0	$	6,224.3	$	6,178.8
Long-lived assets:
United States	$	5,931.2	$	4,480.7	$	4,333.9
United Kingdom	405.8		353.4		359.2
Germany	295.9		262.7		349.1
All other (each country individually less than 5% of total long-lived assets)	930.9		604.3		574.3
Total	$	7,563.8	$	5,701.1	$	5,616.5

Sales by Major Product Group:

	For The Year Ended December 31
($ in millions)	2017		2016		2015
Professional tools and equipment	$	4,352.5	$	4,005.9	$	3,959.7
Industrial automation, controls and sensors	1,207.7		1,138.2		1,170.5
Franchise distribution	626.2		618.1		590.4
All other	469.6		462.1		458.2
Total	$	6,656.0	$	6,224.3	$	6,178.8