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Segment Information
9 Months Ended 12 Months Ended
Sep. 27, 2019
Dec. 31, 2018
Segment Reporting [Abstract]    
Segment Information SEGMENT INFORMATION
The Company operates and reports its results in two separate business segments, the Specialty Products & Technologies and Equipment & Consumables segments. When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics. Operating profit represents total revenues less operating expenses, excluding nonoperating income (expense) and income taxes. Operating profit amounts in the Other segment consist of unallocated corporate costs and other costs not considered part of management’s evaluation of reportable segment operating performance. Intersegment amounts are not significant and are eliminated to arrive at combined totals.
Segment results are shown below ($ in millions):
 
Nine-Month Period Ended
 
September 27, 2019
 
September 28, 2018
Sales:
 
 
 
Specialty Products & Technologies
$
1,013.9

 
$
1,022.6

Equipment & Consumables
1,017.2

 
1,062.9

Total
$
2,031.1

 
$
2,085.5

 
 
 
 
Operating profit:
 
 
 
Specialty Products & Technologies
$
175.2

 
$
186.7

Equipment & Consumables
48.1

 
63.8

Other
(23.8
)
 
(19.7
)
Total
$
199.5

 
$
230.8

Segment identifiable assets are shown below ($ in millions):
 
September 27, 2019
 
December 31, 2018
Specialty Products & Technologies
$
3,665.2

 
$
3,539.1

Equipment & Consumables
2,219.9

 
2,294.1

Other
233.3

 
8.4

Total
$
6,118.4

 
$
5,841.6


SEGMENT INFORMATION
The Company operates and reports its results in two separate business segments, the Specialty Products & Technologies and Equipment & Consumables segments. When determining the reportable segments, the Company aggregated operating segments based on their similar economic and operating characteristics. Operating profit represents total revenues less operating expenses, excluding nonoperating income (expense) and income taxes. Operating profit amounts in the Other segment consist of unallocated corporate costs and other costs not considered part of management’s evaluation of reportable segment operating performance. The identifiable assets by segment are those used in each segment’s operations. Inter-segment amounts are not significant and are eliminated to arrive at combined totals.
Detailed segment data as of and for the years ended December 31 is as follows ($ in millions):
 
2018
 
2017
 
2016
Sales:
 
 
 
 
 
Specialty Products & Technologies
$
1,369.8

 
$
1,310.6

 
$
1,247.0

Equipment & Consumables
1,474.7

 
1,500.3

 
1,538.4

Total
$
2,844.5

 
$
2,810.9

 
$
2,785.4

 
 
 
 
 
 
Operating profit:
 
 
 
 
 
Specialty Products & Technologies
$
241.3

 
$
246.0

 
$
226.0

Equipment & Consumables
120.5

 
152.9

 
201.2

Other
(63.4
)
 
(12.3
)
 
(24.4
)
Total
$
298.4

 
$
386.6

 
$
402.8

 
 
 
 
 
 
Identifiable assets:
 
 
 
 
 
Specialty Products & Technologies
$
3,539.1

 
$
3,598.6

 
$
3,430.8

Equipment & Consumables
2,294.1

 
2,388.7

 
2,290.8

Other
8.4

 
5.5

 
5.7

Total
$
5,841.6

 
$
5,992.8

 
$
5,727.3

 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
Specialty Products & Technologies
$
76.9

 
$
71.8

 
$
74.9

Equipment & Consumables
51.9

 
48.6

 
50.7

Other
1.2

 
1.0

 
1.6

Total
$
130.0

 
$
121.4


$
127.2

 
 
 
 
 
 
Capital expenditures, gross:
 
 
 
 
 
Specialty Products & Technologies
$
42.2

 
$
30.3

 
$
19.1

Equipment & Consumables
26.9

 
17.7

 
28.9

Other
3.1

 
0.9

 
1.1

Total
$
72.2

 
$
48.9

 
$
49.1


Operations in Geographical Areas: 
 
Year Ended December 31
($ in millions)
2018
 
2017
 
2016
Sales:
 
 
 
 
 
United States
$
1,240.5

 
$
1,253.0

 
$
1,292.0

China
187.9

 
155.2

 
130.8

Germany
164.7

 
166.1

 
167.6

All other (each country individually less than 5% of total sales)
1,251.4

 
1,236.6

 
1,195.0

Total
$
2,844.5

 
$
2,810.9

 
$
2,785.4

 
 
 
 
 
 
Property, plant and equipment, net:
 
 
 
 
 
United States
$
144.1

 
$
118.0

 
$
103.9

Germany
29.1

 
31.5

 
31.5

Sweden
20.0

 
11.7

 
4.2

Switzerland
15.9

 
16.4

 
14.8

All other (each country individually less than 5% of total long-lived assets)
52.5

 
53.6

 
63.6

Total
$
261.6

 
$
231.2

 
$
218.0


Sales by Major Product Group:
 
Year Ended December 31
($ in millions)
2018
 
2017
 
2016
Consumables
$
1,914.8

 
$
1,864.7

 
$
1,849.0

Equipment
929.7

 
946.2

 
936.4

Total
$
2,844.5

 
$
2,810.9

 
$
2,785.4