Operating Segments and Geographic Area Data (Tables)

12 Months Ended

Oct. 31, 2021

The following table presents information about our reportable segments:


	Industrial Precision Solutions		Advanced Technology Solutions		Corporate			Total
Year ended October 31, 2021
Net external sales	$	1,246,947	$	1,115,262	$	—		$	2,362,209
Depreciation and amortization	25,673		68,426		9,784			103,883
Operating profit (loss)	414,192		271,660		(70,725)			615,127
Identifiable assets (b)	898,051		1,902,637		967,796		(a)	3,768,484
Property, plant and equipment expenditures	9,009		23,064		6,230			38,303
Year ended October 31, 2020
Net external sales	$	1,143,423	$	977,677	$	—		$	2,121,100
Depreciation and amortization	38,939		64,543		9,820			113,302
Operating profit (loss)	208,028		191,602		(50,085)			349,545
Identifiable assets (b)	882,946		1,849,391		948,048		(a)	3,680,385
Property, plant and equipment expenditures	18,545		31,520		470			50,535
Year ended October 31, 2019
Net external sales	$	1,208,376	$	985,850	$	—		$	2,194,226
Depreciation and amortization	38,333		62,836		9,075			110,244
Operating profit (loss)	329,054		205,609		(51,550)			483,113
Identifiable assets (b)	997,460		1,740,259		782,188		(a)	3,519,907
Property, plant and equipment expenditures	30,400		26,010		7,834			64,244

(a)Corporate assets are principally cash and cash equivalents, deferred income taxes, leases, headquarter facilities, the major portion of our enterprise management system, and intangible assets. Includes assets held for sale in 2020, see Note 4.

(b)Operating segment identifiable assets include notes and accounts receivable net of allowance for doubtful accounts, inventories net of reserves, property, plant and equipment net of accumulated depreciation and goodwill.

Sales and Long-lived Asset Information by Geographic Regions

We have significant sales and long-lived assets in the following geographic areas:


	2021		2020		2019
Net external sales
United States	$	789,303	$	755,642	$	758,383
Americas	179,807		141,473		167,661
Europe	617,492		536,636		571,596
Japan	107,572		126,601		126,756
Asia Pacific	668,035		560,748		569,830
Total net external sales	$	2,362,209	$	2,121,100	$	2,194,226
Long-lived assets
United States	$	311,254	$	329,390	$	286,894
Americas	11,624		2,307		1,948
Europe	67,776		69,854		44,041
Japan	18,318		22,733		6,169
Asia Pacific	57,444		56,459		59,843
Total long-lived assets	$	466,416	$	480,743	$	398,895

Reconciliation of Segment Operating Profit to Consolidated Income Before Income Taxes

A reconciliation of total segment operating profit to total consolidated income before income taxes is as follows:


	2021		2020		2019
Total profit for reportable segments	$	615,127	$	349,545	$	483,113
Interest expense	(25,491)		(32,160)		(47,145)
Interest and investment income	2,150		1,681		1,844
Other-net	(17,610)		(17,577)		(6,708)
Income before income taxes	$	574,176	$	301,489	$	431,104

Summary of Reconciliation of Consolidated Assets

A reconciliation of total assets for reportable segments to total consolidated assets is as follows:


	2021		2020		2019
Total identifiable assets for reportable segments	$	3,768,484	$	3,680,385	$	3,519,907
Customer advance payments	77,868		42,323		41,131
Eliminations	(55,391)		(48,052)		(44,591)
Total consolidated assets	$	3,790,961	$	3,674,656	$	3,516,447