Business Segment Information (Tables)

12 Months Ended

Oct. 31, 2022

Segment Reporting [Abstract]

Schedule of business segment net sales

The following table presents a summary of our business segment net sales:

(In millions)	2022		2021		2020
CooperVision net sales by category:
Toric lens	$	737.4	$	697.5	$	598.2
Multifocal lens	264.4		238.6		197.0
Single-use sphere lens	661.6		616.3		529.0
Non single-use sphere, other	579.9		599.6		518.8
Total CooperVision net sales	2,243.3		2,152.0		1,843.0
CooperSurgical net sales by category:
Office and surgical products	633.6		451.3		358.8
Fertility	431.5		319.2		229.1
Total CooperSurgical net sales	1,065.1		770.5		587.9
Total net sales	$	3,308.4	$	2,922.5	$	2,430.9

Schedule of business segment information

Information by business segment for each of the years in the three-year period ended October 31, 2022, follows:

(In millions)	CooperVision		CooperSurgical		Corporate		Consolidated
2022
Net sales	$	2,243.3	$	1,065.1	$	—	$	3,308.4
Operating income (loss)	$	494.3	$	67.1	$	(53.8)	$	507.6
Interest expense							57.3
Other (income), net							(25.0)
Income before income taxes							$	475.3
Identifiable assets	$	6,778.9	$	4,407.8	$	305.6	$	11,492.3
Depreciation expense	$	144.5	$	22.1	$	—	$	166.6
Amortization expense	$	32.3	$	147.2	$	—	$	179.5
Capital expenditures	$	223.0	$	19.0	$	—	$	242.0
2021
Net sales	$	2,152.0	$	770.5	$	—	$	2,922.5
Operating income (loss)	$	481.3	$	71.8	$	(47.3)	$	505.8
Interest expense							23.1
Other (income), net							(8.8)
Income before income taxes							$	491.5
Identifiable assets	$	6,965.9	$	2,395.6	$	244.7	$	9,606.2
Depreciation expense	$	148.3	$	14.9	$	—	$	163.2
Amortization expense	$	35.7	$	110.4	$	—	$	146.1
Capital expenditures	$	190.0	$	24.4	$	—	$	214.4
2020
Net sales	$	1,843.0	$	587.9	$	—	$	2,430.9
Operating income (loss)	$	375.7	$	(14.7)	$	(49.2)	$	311.8
Interest expense							36.8
Other expense, net							8.5
Income before income taxes							$	266.5
Identifiable assets	$	4,236.3	$	2,293.8	$	207.4	$	6,737.5
Depreciation expense	$	138.2	$	11.7	$	—	$	149.9
Amortization expense	$	32.4	$	104.8	$	—	$	137.2
Capital expenditures	$	260.3	$	50.1	$	—	$	310.4

Schedule of information by geographical area by country of domicile

Information by geographical area by country of domicile for each of the years in the three-year period ended October 31, 2022, follows:

(In millions)	United States		Europe		Rest of World, Other Eliminations & Corporate		Consolidated
2022
Net sales to unaffiliated customers	$	1,638.5	$	987.2	$	682.7	$	3,308.4
Sales between geographic areas	514.4		897.3		(1,411.7)		—
Net sales	$	2,152.9	$	1,884.5	$	(729.0)	$	3,308.4
Operating income	$	71.8	$	403.8	$	32.0	$	507.6
Long-lived assets	$	856.1	$	310.8	$	266.0	$	1,432.9
2021
Net sales to unaffiliated customers	$	1,339.2	$	957.9	$	625.4	$	2,922.5
Sales between geographic areas	494.9		815.1		(1,310.0)		—
Net sales	$	1,834.1	$	1,773.0	$	(684.6)	$	2,922.5
Operating (loss) income	$	(26.8)	$	416.2	$	116.4	$	505.8
Long-lived assets	$	737.5	$	377.2	$	232.9	$	1,347.6
2020
Net sales to unaffiliated customers	$	1,103.6	$	789.8	$	537.5	$	2,430.9
Sales between geographic areas	391.7		327.1		(718.8)		—
Net sales	$	1,495.3	$	1,116.9	$	(181.3)	$	2,430.9
Operating (loss) income	$	(14.5)	$	21.9	$	304.4	$	311.8
Long-lived assets	$	721.3	$	363.0	$	197.6	$	1,281.9