Segment Information

6 Months Ended

Jul. 02, 2021

NOTE 13. SEGMENT INFORMATION

We report our results in three separate business segments consisting of Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. Our chief operating decision maker assesses performance and allocates resources based on our operating segments, which are also our reportable segments. 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
	July 2, 2021		June 26, 2020		July 2, 2021		June 26, 2020
Sales:
Intelligent Operating Solutions	$	541.8	$	413.0	$	1,052.7	$	879.7
Precision Technologies	471.9		377.3		919.3		768.6
Advanced Healthcare Solutions	306.0		251.3		606.9		501.4
Total	$	1,319.7	$	1,041.6	$	2,578.9	$	2,149.7
Operating Profit:
Intelligent Operating Solutions	$	115.3	$	54.4	$	223.4	$	135.5
Precision Technologies	104.1		77.1		200.0		150.6
Advanced Healthcare Solutions	22.5		(1.9)		41.4		(17.7)
Other	(30.6)		(27.0)		(55.9)		(50.4)
Total Operating Profit	211.3		102.6		408.9		218.0

Interest expense, net	(25.2)		(36.2)		(52.9)		(74.8)
Loss on extinguishment of debt	—		—		(104.9)		—
Gain on investment in Vontier Corporation	—		—		57.0		—
Gain on litigation dismissal	26.0		—		26.0		—
Other non-operating expense, net	(4.6)		5.6		(7.9)		1.1
Earnings from continuing operations before income taxes	$	207.5	$	72.0	$	326.2	$	144.3

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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+ Details