SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

Third Party Net Sales

The following tables set forth information about the Company’s segments for the three months ended March 31, 2018 and 2017. Certain reclassifications have been made to prior years’ data in order to conform to current year presentation:

Third Party Net Sales

	Three Months Ended
(in millions)	2018		2017
Technologies & Equipment	$	508.3	$	479.0
Consumables	447.8		421.5
Total net sales	$	956.1	$	900.5

Third Party Net Sales, Excluding Precious Metal Content

Third Party Net Sales, Excluding Precious Metal Content

	Three Months Ended
(in millions)	2018		2017
Technologies & Equipment	$	498.0	$	467.9
Consumables	447.8		421.5
Total net sales, excluding precious metal content	945.8		889.4
Precious metal content of sales	10.3		11.1
Total net sales, including precious metal content	$	956.1	$	900.5

Segment Adjusted Operating Income

Segment Adjusted Operating Income

	Three Months Ended
(in millions)	2018			2017
Technologies & Equipment	$	74.8		$	54.0
Consumables	107.1			116.0
Segment adjusted operating income before income taxes and interest	181.9			170.0
Reconciling items expense (income):
All Other (a)	51.3			36.0
Restructuring and other costs	10.2			3.1
Interest expense	8.6			9.3
Interest income	(0.6		)	(0.7		)
Other expense (income), net	(34.1		)	(1.0		)
Amortization of intangible assets	49.9			45.2
Depreciation resulting from the fair value step-up of property, plant and equipment from business combinations	1.8			1.5
Income before income taxes	$	94.8		$	76.6

(a) Includes the results of unassigned Corporate headquarter costs, inter-segment eliminations and one distribution warehouse not managed by named segments