Segment Information

3 Months Ended

Apr. 02, 2021

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 consolidated 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.

Segment related information is shown below ($ in millions):

	Three Months Ended
	April 2, 2021		April 3, 2020
Sales:
Specialty Products & Technologies	$	366.5	$	272.6
Equipment & Consumables	342.7		274.6
Total	$	709.2	$	547.2
Operating profit (loss) and reconciliation to income (loss) before taxes:
Specialty Products & Technologies	$	80.5	$	7.8
Equipment & Consumables	58.6		(19.3)
Other	(30.8)		(13.5)
Operating profit (loss)	108.3		(25.0)
Nonoperating income (expense):
Other income	0.3		0.1
Interest expense, net	(18.0)		(3.3)
Income (loss) before taxes	$	90.6	$	(28.2)
Identifiable assets:	April 2, 2021		December 31, 2020
Specialty Products & Technologies	$	3,700.1	$	3,773.3
Equipment & Consumables	2,143.1		2,178.2
Other	478.7		924.5
Total	$	6,321.9	$	6,876.0