SEGMENT INFORMATION (Tables)

6 Months Ended

Apr. 03, 2020

Operating Results Information for Each Business Segment

The following table summarizes select financial results for each reportable segment:


	Three Months Ended						Six Months Ended
(In millions)	April 3, 2020		March 29, 2019		April 3, 2020		March 29, 2019
Revenues
Oncology Systems	$	760.5	$	746.8	$	1,542.9	$	1,449.3
Proton Solutions	22.3		32.6		49.9		71.1
Total reportable segments	782.8		779.4		1,592.8		1,520.4
Other	11.7		—		30.6		—
Total Company	$	794.5	$	779.4	$	1,623.4	$	1,520.4
Earnings before taxes
Oncology Systems	$	110.9	$	131.7	$	247.3	$	255.8
Proton Solutions	(14.3)		(20.0)		(28.6)		(28.8)
Total reportable segments	96.6		111.7		218.7		227.0
Other	(2.3)		—		0.5		—
Unallocated corporate	(39.4)		(1.9)		(54.3)		(5.5)
Operating earnings	54.9		109.8		164.9		221.5
Interest income (expense), net	(1.2)		3.0		(2.9)		5.7
Other income (expense), net	(0.9)		0.2		3.5		23.2
Total Company	$	52.8	$	113.0	$	165.5	$	250.4

Disaggregation of Revenue

The Company disaggregates its revenues from contracts by major product categories, geographic region, and by timing of revenue recognition for each of its reportable operating segments, as the Company believes this best depicts how the nature, amount, timing and uncertainty of revenues and cash flows are affected by economic factors. See details in the tables below.

Revenues by Product Type


	Three Months Ended								Six Months Ended
Total Revenues by Product Type	April 3,		March 29,		April 3,		March 29,
(In millions)	2020		2019		2020		2019
Hardware
Oncology Systems	$	316.1	$	339.1	$	636.1	$	652.7
Proton Solutions	13.1		27.9		33.2		61.5
Other	11.7		—		30.6		—
Total Hardware	340.9		367.0		699.9		714.2
Software ⁽¹⁾
Oncology Systems	153.2		144.2		302.0		275.4
Proton Solutions	1.5		—		1.5		—
Total Software	154.7		144.2		303.5		275.4
Service
Oncology Systems	291.2		263.5		604.8		521.2
Proton Solutions	7.7		4.7		15.2		9.6
Total Service	298.9		268.2		620.0		530.8
Total Revenues	$	794.5	$	779.4	$	1,623.4	$	1,520.4

⁽¹⁾Includes software support agreements that are recorded in revenues from service, and software licenses that are recorded in revenues from product in the Condensed Consolidated Statements of Earnings.

Revenues by Geographical Region


	Three Months Ended						Six Months Ended
Total Revenues by Geographical Region	April 3,		March 29,		April 3,		March 29,
(In millions)	2020		2019		2020		2019
Americas
Oncology Systems	$	369.7	$	357.1	$	748.6	$	687.9
Proton Solutions	11.4		14.2		28.3		33.8
Other	6.8		—		13.2		—
Total Americas	387.9		371.3		790.1		721.7
EMEA
Oncology Systems	240.9		245.3		500.7		479.8
Proton Solutions	9.8		16.2		20.1		32.7
Other	0.2		—		3.0		—
Total EMEA	250.9		261.5		523.8		512.5
APAC
Oncology Systems	149.9		144.4		293.6		281.6
Proton Solutions	1.1		2.2		1.5		4.6
Other	4.7		—		14.4		—
Total APAC	155.7		146.6		309.5		286.2
Total Revenues	$	794.5	$	779.4	$	1,623.4	$	1,520.4
North America ⁽¹⁾
Oncology Systems	$	343.9	$	329.2	$	699.2	$	638.3
Proton Solutions	11.5		14.2		28.3		33.8
Other	6.8		—		13.2		—
Total North America	362.2		343.4		740.7		672.1
International
Oncology Systems	416.6		417.6		843.7		811.0
Proton Solutions	10.8		18.4		21.6		37.3
Other	4.9		—		17.4		—
Total International	432.3		436.0		882.7		848.3
Total Revenues	$	794.5	$	779.4	$	1,623.4	$	1,520.4

⁽¹⁾North America primarily includes the United States and Canada.

Revenues by Timing of Revenue Recognition


	Three Months Ended						Six Months Ended
Timing of revenue recognition	April 3,		March 29,		April 3,		March 29,
(In millions)	2020		2019		2020		2019
Products transferred at a point in time
Oncology Systems	$	381.0	$	402.6	$	763.0	$	769.2
Proton Solutions	1.5		—		1.5		—
Other	11.7		—		30.6		—
Total products transferred at a point in time	394.2		402.6		795.1		769.2
Products and services transferred over time
Oncology Systems	379.5		344.2		779.9		680.1
Proton Solutions	20.8		32.6		48.4		71.1

Total products and services transferred over time	400.3		376.8		828.3		751.2
Total Revenues	$	794.5	$	779.4	$	1,623.4	$	1,520.4