Segment Information

12 Months Ended

Dec. 31, 2020

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. 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.

The Company’s Specialty Products & Technologies products include implants, prosthetics, orthodontic brackets, aligners and lab products. The Company’s Equipment & Consumables products include traditional consumables such as bonding agents and cements, impression materials, infection prevention products and restorative products, while the Company’s equipment products include treatment units, instruments, digital imaging systems, software and other visualization and magnification systems.

Detailed segment data as of and for the years ended December 31 is as follows ($ in millions):

	2020		2019		2018
Sales:
Specialty Products & Technologies	$	1,117.3	$	1,342.7	$	1,369.8
Equipment & Consumables	1,164.7		1,408.9		1,474.7
Total	$	2,282.0	$	2,751.6	$	2,844.5
Operating profit and reconciliation to (loss) income before taxes:
Specialty Products & Technologies	$	72.7	$	227.7	$	241.3
Equipment & Consumables	38.2		105.8		120.5
Other	(77.6)		(56.0)		(63.4)
Operating profit	33.3		277.5		298.4
Nonoperating (expense) income:
Other (expense) income	(0.9)		1.5		2.7
Interest expense, net	(62.5)		(3.5)		—
(Loss) income before taxes	$	(30.1)	$	275.5	$	301.1
Identifiable assets:
Specialty Products & Technologies	$	3,773.3	$	3,662.5	$	3,539.1
Equipment & Consumables	2,178.2		2,256.6		2,294.1
Other	924.5		239.2		8.4
Total	$	6,876.0	$	6,158.3	$	5,841.6
Depreciation and amortization:
Specialty Products & Technologies	$	80.6	$	75.4	$	76.9
Equipment & Consumables	49.6		51.4		51.9
Other	2.4		1.7		1.2
Total	$	132.6	$	128.5	$	130.0
Capital expenditures, gross:
Specialty Products & Technologies	$	36.4	$	51.5	$	42.2
Equipment & Consumables	9.6		19.5		26.9
Other	1.7		6.8		3.1
Total	$	47.7	$	77.8	$	72.2

Operations in Geographical Areas: 

	Year Ended December 31,
($ in millions)	2020		2019		2018
Sales:
United States	$	1,012.9	$	1,210.6	$	1,240.5
China	215.6		212.8		187.9
Germany	144.6		151.3		164.7
All other (each country individually less than 5% of total sales)	908.9		1,176.9		1,251.4
Total	$	2,282.0	$	2,751.6	$	2,844.5
Property, plant and equipment, net:
United States	$	167.2	$	160.1	$	144.1
Sweden	47.2		36.2		20.0
Germany	24.1		25.4		29.1
Switzerland	13.3		14.2		15.9
All other (each country individually less than 5% of total long-lived assets)	51.2		54.4		52.5
Total	$	303.0	$	290.3	$	261.6