Segment Information

12 Months Ended

Dec. 31, 2019

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 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):

	Year Ended December 31
	2019			2018			2017
Sales:
Professional Instrumentation	$	4,427.8		$	3,655.1		$	3,139.1
Industrial Technologies	2,892.2			2,797.6			2,617.0
Total	$	7,320.0		$	6,452.7		$	5,756.1
Operating Profit:
Professional Instrumentation	$	547.9		$	744.6		$	712.9
Industrial Technologies	553.9			525.6			503.6
Other	(97.7		)	(91.8		)	(73.5		)
Total	$	1,004.1		$	1,178.4		$	1,143.0
Segment assets:
Professional Instrumentation	$	13,005.5		$	8,592.6		$	5,588.1
Industrial Technologies	2,950.2			3,011.2			2,902.7
Total segment assets	15,955.7			11,603.8			8,490.8
Other	1,480.1			1,271.8			1,138.8
Assets of Discontinued Operations	3.2			30.0			871.0
Total assets	$	17,439.0		$	12,905.6		$	10,500.6
Depreciation and amortization:
Professional Instrumentation	$	337.5		$	168.7		$	82.0
Industrial Technologies	87.0			88.7			70.3
Other	1.7			3.4			6.0
Total	$	426.2		$	260.8		$	158.3
Capital expenditures, gross:
Professional Instrumentation	$	65.0		$	58.4		$	37.0
Industrial Technologies	40.7			44.8			71.8
Other	6.8			9.1			2.3
Total	$	112.5		$	112.3		$	111.1

Operations in Geographic Areas:

	Year Ended December 31
($ in millions)	2019		2018		2017
Sales:
United States	$	4,206.5	$	3,539.6	$	3,148.7
China	592.0		569.0		498.4
All other (each country individually less than 5% of total sales)	2,521.5		2,344.1		2,109.0
Total	$	7,320.0	$	6,452.7	$	5,756.1
Property, plant and equipment, net
United States	$	414.8	$	464.9	$	483.0
All other (each country individually less than 5% of total property, plant and equipment, net)	104.7		111.2		127.4
Total	$	519.5	$	576.1	$	610.4