SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 17. SEGMENT INFORMATION

We report our results in three separate business segments consisting of Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. 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. 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
	2023		2022		2021
Sales:
Intelligent Operating Solutions	$	2,612.2	$	2,466.1	$	2,169.4
Precision Technologies	2,132.8		2,038.2		1,848.9
Advanced Healthcare Solutions	1,320.3		1,321.4		1,236.4
Total	$	6,065.3	$	5,825.7	$	5,254.7
Operating Profit:
Intelligent Operating Solutions	$	628.8	$	519.4	$	408.5
Precision Technologies	540.3		491.3		408.0
Advanced Healthcare Solutions	105.5		107.9		101.9
Other	(140.9)		(113.3)		(105.6)
Russia exit and wind down costs (a)	—		(17.9)		—
Total	$	1,133.7	$	987.4	$	812.8
Segment assets:
Intelligent Operating Solutions	$	6,550.0	$	6,583.1	$	6,769.3
Precision Technologies	2,966.2		2,983.3		2,994.2
Advanced Healthcare Solutions	5,309.8		5,498.5		5,737.4
Total segment assets	14,826.0		15,064.9		15,500.9
Other	2,085.8		825.7		964.6
Total assets	$	16,911.8	$	15,890.6	$	16,465.5
Depreciation and amortization:
Intelligent Operating Solutions	$	219.4	$	218.3	$	187.8
Precision Technologies	29.8		37.7		41.6
Advanced Healthcare Solutions	203.6		205.8		161.7
Other	4.0		3.8		4.4
Total	$	456.8	$	465.6	$	395.5
Capital expenditures, gross:
Intelligent Operating Solutions	$	55.7	$	36.7	$	16.7
Precision Technologies	28.3		29.6		21.4
Advanced Healthcare Solutions	18.5		17.0		6.4
Other	5.3		12.5		5.5
Total	$	107.8	$	95.8	$	50.0
(a) Refer to Note 1 for further detail on Russia exit and wind down costs.

Operations in Geographic Areas:

	As of December 31
($ in millions)	2023		2022
Property, plant and equipment, net:
United States	$	369.0	$	303.1
Switzerland	14.3		20.5
All other (each country individually less than 5% of total property, plant and equipment, net)	56.5		98.3
Total	$	439.8	$	421.9