Segment Information

6 Months Ended

Jul. 01, 2022

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company operates and reports its results in three separate business segments consisting of the Life Sciences, Diagnostics, and Environmental & Applied Solutions 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 and expense, interest 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 consolidated totals.

Segment results are shown below ($ in millions):

	Three-Month Period Ended				Six-Month Period Ended
	July 1, 2022		July 2, 2021		July 1, 2022		July 2, 2021
Sales:
Life Sciences	$	3,967	$	3,734	$	7,849	$	7,280
Diagnostics	2,561		2,336		5,205		4,514
Environmental & Applied Solutions	1,223		1,148		2,385		2,282
Total	$	7,751	$	7,218	$	15,439	$	14,076
Operating profit:
Life Sciences	$	1,174	$	1,144	$	2,292	$	2,295
Diagnostics	800		649		1,686		1,275
Environmental & Applied Solutions	307		280		543		565
Other	(76)		(68)		(144)		(133)
Total	$	2,205	$	2,005	$	4,377	$	4,002