BUSINESS SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

BUSINESS SEGMENT INFORMATION

.  BUSINESS SEGMENT INFORMATIONThe following table is a summary of segment information for the years ended December 31, 2022, 2021, and 2020. The “management approach” has been used to present the following segment information. This approach is based upon the way the management of the Company organizes segments within an enterprise for making operating decisions and assessing

performance. Financial information is reported on the basis that it is used internally by the chief operating decision maker (CODM) for evaluating segment performance and deciding how to allocate resources to segments. The Company’s chief executive officer has been identified as the CODM.

During the fourth quarter of 2022, the Company modified the segment performance measure to exclude the amortization of intangibles and other assets, restructuring and other charges, goodwill and other asset impairments, and certain corporate charges for items such as transaction costs, COVID-19 costs, and other special items. These changes align with how the CODM now evaluates segment performance and allocates resources. Prior periods have been conformed for comparability. Segment asset information is not presented because it is not used by the CODM at the segment level.

	2022		2021		2020
Revenues:
Dx	$	9,203.5	$	10,363.6	$	9,253.4
DD	5,710.2		5,845.5		4,877.7
Intercompany eliminations and other	(36.9)		(88.2)		(152.6)
Total revenues	$	14,876.8	$	16,120.9	$	13,978.5
Operating Earnings:
Dx segment operating income	$	2,025.5	$	3,205.6	$	2,801.3
DD segment operating income	801.1		887.1		721.6
Segment operating income	2,826.6		4,092.7		3,522.9
General corporate and unallocated expenses	(438.1)		(420.5)		(299.4)
Amortization of intangibles and other assets	(259.3)		(369.6)		(275.4)
Restructuring and other charges	(83.8)		(43.1)		(40.6)
Goodwill and other asset impairments	(271.5)		—		(462.1)
Total operating income	$	1,773.9	$	3,259.5	$	2,445.4

	2022		2021		2020
Depreciation
Dx	$	227.1	$	238.7	$	222.6
DD	143.8		134.3		124.7
General corporate	3.7		2.6		2.0
Total depreciation	$	374.6	$	375.6	$	349.3

Geographic Distribution of property, plant and equipment, net:

	December 31, 2022
	Dx		DD		Total
North America	$	1,669.2	$	730.0	$	2,399.2
Europe	—		425.5		425.5
Other	—		131.5		131.5
Total property, plant and equipment, net	$	1,669.2	$	1,287.0	$	2,956.2

	December 31, 2021
	Dx		DD		Total
North America	$	1,507.3	$	670.2	$	2,177.5
Europe	—		449.9		449.9
Other	—		188.0		188.0
Total property, plant and equipment, net	$	1,507.3	$	1,308.1	$	2,815.4