Segment Information

6 Months Ended

Jun. 26, 2020

Segment Reporting [Abstract]

Segment Information

NOTE 12. SEGMENT INFORMATION

We report our results in two separate business segments consisting of Professional Instrumentation and Industrial Technologies. When determining the reportable segments, we aggregate operating segments based on their similar economic and operating characteristics. 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. Our segment results are as follows ($ in millions):

	Three Months Ended				Six Months Ended
	June 26, 2020		June 28, 2019		June 26, 2020		June 28, 2019
Sales: (a)
Professional Instrumentation	$	1,037.5	$	1,165.6	$	2,141.9	$	2,143.3
Industrial Technologies	533.7		699.1		1,142.8		1,314.3
Total	$	1,571.2	$	1,864.7	$	3,284.7	$	3,457.6
Operating Profit: (a)
Professional Instrumentation	$	135.6	$	129.9	$	280.1	$	272.6
Industrial Technologies	82.6		145.0		81.1		243.8
Other	(27.1)		(25.4)		(50.5)		(49.6)
Total Operating Profit	191.1		249.5		310.7		466.8
Interest expense, net	(43.2)		(44.4)		(86.8)		(69.7)
Other non-operating income (expense), net	5.3		(0.8)		0.7		(0.4)
Earnings from continuing operations before income taxes	$	153.2	$	204.3	$	224.6	$	396.7
(a) Beginning January 1, 2020, our Hengstler and Dynapar businesses are reported within our Professional Instrumentation segment. Previously, these businesses were reported within our Industrial Technologies segment. Prior year balances have been reclassified to reflect current year presentation.