SEGMENT INFORMATION (Tables)

9 Months Ended

Jul. 03, 2020

Operating Results Information for Each Business Segment

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


	Three Months Ended						Nine Months Ended
(In millions)	July 3, 2020		June 28, 2019		July 3, 2020		June 28, 2019
Revenues
Oncology Systems	$	654.5	$	792.9	$	2,197.4	$	2,242.2
Proton Solutions	32.7		30.9		82.6		102.0
Total reportable segments	687.2		823.8		2,280.0		2,344.2
Other	7.1		2.0		37.7		2.0
Total Company	$	694.3	$	825.8	$	2,317.7	$	2,346.2
Earnings before taxes
Oncology Systems	$	101.1	$	148.7	$	348.4	$	404.5
Proton Solutions	(7.9)		(62.1)		(36.5)		(90.9)
Total reportable segments	93.2		86.6		311.9		313.6
Other	(5.4)		(1.7)		(4.9)		(1.7)
Unallocated corporate	(27.9)		(31.0)		(82.2)		(36.5)
Operating earnings	59.9		53.9		224.8		275.4
Interest income (expense), net	(0.2)		1.9		(3.1)		7.6
Other income, net	25.1		4.2		28.6		27.4
Total Company	$	84.8	$	60.0	$	250.3	$	310.4

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								Nine Months Ended
Total Revenues by Product Type	July 3,		June 28,		July 3,		June 28,
(In millions)	2020		2019		2020		2019
Hardware
Oncology Systems	$	234.3	$	361.7	$	870.4	$	1,014.4
Proton Solutions	22.6		24.2		55.8		85.7
Other	7.1		2.0		37.7		2.0
Total Hardware	264.0		387.9		963.9		1,102.1
Software ⁽¹⁾
Oncology Systems	142.7		154.4		444.7		429.8
Proton Solutions	0.5		1.3		2.0		1.3
Total Software	143.2		155.7		446.7		431.1
Service
Oncology Systems	277.5		276.8		882.3		798.0
Proton Solutions	9.6		5.4		24.8		15.0
Total Service	287.1		282.2		907.1		813.0
Total Revenues	$	694.3	$	825.8	$	2,317.7	$	2,346.2

⁽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						Nine Months Ended
Total Revenues by Geographical Region	July 3,		June 28,		July 3,		June 28,
(In millions)	2020		2019		2020		2019
Americas
Oncology Systems	$	318.1	$	385.6	$	1,066.7	$	1,073.5
Proton Solutions	14.9		14.8		43.2		48.6
Other	4.5		0.8		17.7		0.8
Total Americas	337.5		401.2		1,127.6		1,122.9
EMEA
Oncology Systems	204.1		256.4		704.8		736.2
Proton Solutions	12.7		14.9		32.8		47.6
Other	0.4		—		3.4		—
Total EMEA	217.2		271.3		741.0		783.8
APAC
Oncology Systems	132.3		150.9		425.9		432.5
Proton Solutions	5.1		1.2		6.6		5.8
Other	2.2		1.2		16.6		1.2
Total APAC	139.6		153.3		449.1		439.5
Total Revenues	$	694.3	$	825.8	$	2,317.7	$	2,346.2
North America ⁽¹⁾
Oncology Systems	$	304.8	$	363.1	$	1,004.0	$	1,001.4
Proton Solutions	14.9		14.8		43.2		48.6
Other	4.5		0.8		17.7		0.8
Total North America	324.2		378.7		1,064.9		1,050.8
International
Oncology Systems	349.7		429.8		1,193.4		1,240.8
Proton Solutions	17.8		16.1		39.4		53.4
Other	2.6		1.2		20.0		1.2
Total International	370.1		447.1		1,252.8		1,295.4
Total Revenues	$	694.3	$	825.8	$	2,317.7	$	2,346.2

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

Revenues by Timing of Revenue Recognition


	Three Months Ended						Nine Months Ended
Timing of revenue recognition	July 3,		June 28,		July 3,		June 28,
(In millions)	2020		2019		2020		2019
Products transferred at a point in time
Oncology Systems	$	290.0	$	433.8	$	1,053.0	$	1,203.0
Proton Solutions	0.5		1.3		2.0		1.3
Other	7.1		2.0		37.7		2.0
Total products transferred at a point in time	297.6		437.1		1,092.7		1,206.3
Products and services transferred over time
Oncology Systems	364.5		359.1		1,144.4		1,039.2
Proton Solutions	32.2		29.6		80.6		100.7

Total products and services transferred over time	396.7		388.7		1,225.0		1,139.9
Total Revenues	$	694.3	$	825.8	$	2,317.7	$	2,346.2