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Segment Information
12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Information NOTE 19. 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 in the 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
 
2018
 
2017
 
2016
Sales:
 
 
 
 
 
Professional Instrumentation
$
3,655.1

 
$
3,139.1

 
$
2,891.6

Industrial Technologies
2,797.6

 
2,617.0

 
2,486.6

Total
$
6,452.7

 
$
5,756.1

 
$
5,378.2

 
 
 
 
 
 
Operating Profit:
 
 
 
 
 
Professional Instrumentation
$
749.6

 
$
712.9

 
$
645.1

Industrial Technologies
525.6

 
503.6

 
480.3

Other
(96.8
)
 
(73.5
)
 
(63.7
)
Total
$
1,178.4

 
$
1,143.0

 
$
1,061.7

 
 
 
 
 
 
Identifiable assets:
 
 
 
 
 
Professional Instrumentation
$
8,592.6

 
$
5,588.1

 
$
3,905.2

Industrial Technologies
3,011.2

 
2,902.7

 
2,458.1

Other
1,271.8

 
1,138.8

 
989.8

Assets of Discontinued Operations
30.0

 
871.0

 
836.7

Total
$
12,905.6

 
$
10,500.6

 
$
8,189.8

 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
Professional Instrumentation
$
168.7

 
$
82.0

 
$
99.4

Industrial Technologies
88.7

 
70.3

 
60.2

Other
3.4

 
6.0

 
1.3

Total
$
260.8

 
$
158.3

 
$
160.9

 
 
 
 
 
 
Capital expenditures, gross:
 
 
 
 
 
Professional Instrumentation
$
58.4

 
$
37.0

 
$
36.2

Industrial Technologies
44.8

 
71.8

 
64.9

Other
9.1

 
2.3

 
9.0

Total
$
112.3

 
$
111.1

 
$
110.1


Operations in Geographic Areas:
 
For The Year Ended December 31
($ in millions)
2018
 
2017
 
2016
Sales:
 
 
 
 
 
United States
$
3,539.6

 
$
3,148.7

 
$
3,028.8

China
569.0

 
498.4

 
458.9

Germany
234.7

 
217.2

 
180.5

All other (each country individually less than 5% of total sales)
2,109.4

 
1,891.8

 
1,710.0

Total
$
6,452.7

 
$
5,756.1

 
$
5,378.2

 
 
 
 
 
 
Long-lived assets:
 
 
 
 
 
United States
$
8,152.0

 
$
5,374.1

 
$
3,922.6

United Kingdom
358.7

 
405.8

 
353.4

Germany
261.3

 
274.8

 
241.6

All other (each country individually less than 5% of total long-lived assets)
962.4

 
841.9

 
532.3

Total
$
9,734.4

 
$
6,896.6

 
$
5,049.9