Business Segments

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Business Segments

Business Segments

Net revenues and operating profit by segment are set forth in the following table:

	Three months ended June 30,						Six months ended June 30,
	2020		2019		Change %		2020		2019		Change %
Net revenues:
Application Software	$	398.4	$	390.6	2.0	%	$	803.5	$	771.8	4.1	%
Network Software & Systems	422.0		366.8		15.0	%	860.2		712.5		20.7	%
Measurement & Analytical Solutions	363.9		408.4		(10.9)	%	729.1		810.2		(10.0)	%
Process Technologies	120.7		164.5		(26.6)	%	262.9		323.0		(18.6)	%
Total	$	1,305.0	$	1,330.3	(1.9)	%	$	2,655.7	$	2,617.5	1.5	%
Gross profit:
Application Software	$	273.8	$	262.7	4.2	%	$	544.2	$	516.1	5.4	%
Network Software & Systems	284.8		252.7		12.7	%	578.0		491.7		17.6	%
Measurement & Analytical Solutions	221.5		240.2		(7.8)	%	436.1		471.4		(7.5)	%
Process Technologies	63.6		94.4		(32.6)	%	142.2		181.4		(21.6)	%
Total	$	843.7	$	850.0	(0.7)	%	$	1,700.5	$	1,660.6	2.4	%
Operating profit*:
Application Software	$	113.4	$	98.4	15.2	%	$	211.0	$	189.8	11.2	%
Network Software & Systems	130.6		129.2		1.1	%	269.3		254.5		5.8	%
Measurement & Analytical Solutions	123.0		130.3		(5.6)	%	237.0		248.4		(4.6)	%
Process Technologies	16.9		57.2		(70.5)	%	60.2		107.3		(43.9)	%
Total	$	383.9	$	415.1	(7.5)	%	$	777.5	$	800.0	(2.8)	%
Long-lived assets:
Application Software	$	88.5	$	83.3	6.2	%
Network Software & Systems	46.5		38.6		20.5	%
Measurement & Analytical Solutions	37.4		41.7		(10.3)	%
Process Technologies	20.6		21.8		(5.5)	%
Total	$	193.0	$	185.4	4.1	%

*Segment operating profit is before unallocated corporate general and administrative expenses; these expenses were $50.3 and $46.7 for the three months ended June 30, 2020 and 2019, respectively, and $94.7 and $85.2 for the six months ended June 30, 2020 and 2019, respectively.