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Segment Reporting
 12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Reporting Disclosure SEGMENT REPORTING
The Company has five reportable segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. U.S. Operations represent certain of the Company’s marketing and producing organizations located in the United States. Western European Operations include the Company’s marketing and producing organizations in Western Europe, excluding operations located in Switzerland. Swiss Operations include marketing and producing organizations located in Switzerland as well as extensive R&D operations that are responsible for the development, production, and marketing of precision instruments, including weighing, analytical, and measurement technologies for use in a variety of laboratory and industrial applications. Chinese Operations represent the Company’s marketing and producing organizations located in China. The Company’s market organizations are geographically focused and are responsible for all aspects of the Company’s sales and service. Operations that exist outside these reportable segments are included in Other.
The accounting policies of the operating segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on segment profit for segment reporting (gross profit less research and development and selling, general, and administrative expenses, before amortization, interest expense, restructuring charges, other charges (income), net, and taxes). Inter-segment sales and transfers are priced to reflect consideration of market conditions and the regulations of the countries in which the transferring entities are located.
The following tables show the operations of the Company’s reportable segments:
For the Year Ended December 31, 2022Net Sales to
External
Customers		Net Sales to
Other
Segments		Total Net
Sales		Segment
Profit		DepreciationTotal AssetsPurchase of
Property, Plant,
and Equipment		Goodwill
U.S. Operations$1,444,460 $156,884 $1,601,344 $357,802 $14,582 $3,574,842 $(55,464)$524,470 
Swiss Operations176,119 839,951 1,016,070 309,844 6,644 2,968,539 (7,690)25,058 
Western European Operations799,931 196,900 996,831 174,352 4,970 1,314,332 (5,110)96,077 
Chinese Operations841,526 308,164 1,149,690 424,162 9,699 1,234,303 (12,418)641 
Other(a)
657,673 3,959 661,632 90,322 4,176 388,639 (6,268)13,924 
Eliminations and Corporate(b)
— (1,505,858)(1,505,858)(164,023)6,713 (5,988,260)(34,291)— 
Total$3,919,709 $— $3,919,709 $1,192,459 $46,784 $3,492,395 $(121,241)$660,170 
For the Year Ended December 31, 2021Net Sales to
External
Customers		Net Sales to
Other
Segments		Total Net
Sales		Segment
Profit		DepreciationTotal AssetsPurchase of
Property, Plant,
and Equipment		Goodwill
U.S. Operations$1,287,983 $155,987 $1,443,970 $302,177 $12,123 $3,278,400 $(34,972)$508,942 
Swiss Operations171,633 826,001 997,634 301,142 6,557 2,700,965 (7,856)23,710 
Western European Operations829,761 211,547 1,041,308 172,265 5,264 1,566,819 (11,014)100,433 
Chinese Operations771,651 291,779 1,063,430 369,835 9,566 1,037,838 (15,700)710 
Other(a)
656,902 4,780 661,682 100,028 3,819 365,182 (5,652)14,827 
Eliminations and Corporate(b)
— (1,490,094)(1,490,094)(187,636)7,653 (5,622,406)(32,386)— 
Total$3,717,930 $— $3,717,930 $1,057,811 $44,982 $3,326,798 $(107,580)$648,622 
For the Year Ended December 31, 2020Net Sales to
External
Customers		Net Sales to
Other
Segments		Total Net
Sales		Segment
Profit		DepreciationTotal AssetsPurchase of
Property, Plant,
and Equipment		Goodwill
U.S. Operations$1,072,319 $121,850 $1,194,169 $244,940 $11,347 $2,560,652 $(18,258)$415,869 
Swiss Operations143,923 679,837 823,760 245,465 6,257 2,028,879 (5,495)24,525 
Western European Operations716,715 173,176 889,891 147,562 4,769 1,294,579 (13,678)93,514 
Chinese Operations578,610 213,735 792,345 270,497 8,506 985,977 (9,755)686 
Other(a)
573,610 4,600 578,210 77,910 3,737 340,786 (5,974)15,676 
Eliminations and Corporate(b)
— (1,193,198)(1,193,198)(145,666)7,428 (4,396,324)(39,334)— 
Total$3,085,177 $— $3,085,177 $840,708 $42,044 $2,814,549 $(92,494)$550,270 
(a)Other includes reporting units in Southeast Asia, Latin America, Eastern Europe, and other countries.
(b)Eliminations and Corporate includes the elimination of intersegment transactions as well as certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.
A reconciliation of earnings before taxes to segment profit follows:
202220212020
Earnings before taxes$1,070,592 $949,361 $748,743 
Amortization66,239 63,075 56,665 
Interest expense55,392 43,242 38,616 
Restructuring charges9,556 5,239 10,516 
Other income, net(9,320)(3,106)(13,832)
Segment profit$1,192,459 $1,057,811 $840,708 
The Company sells precision instruments, including weighing instruments and certain analytical and measurement technologies, and related services to a variety of customers and industries. None of these end-customers account for more than 1% of net sales. Service revenues are primarily derived from repair and other services including regulatory compliance qualification, calibration, certification, and preventative maintenance, and spare parts. A breakdown of the Company’s sales by product category is disclosed in Note 3 to the consolidated financial statements.
In certain circumstances, our reporting units sell directly into other geographies. A breakdown of net sales to external customers by geographic customer destination and property, plant, and equipment by geographic destination for the years ended December 31 follows:
Net SalesProperty, Plant, and
Equipment, Net
 20222021202020222021
United States$1,363,335 $1,217,114 $1,014,180 $228,997 $228,010 
Other Americas219,158 202,718 166,446 4,155 3,267 
Total Americas1,582,493 1,419,832 1,180,626 233,152 231,277 
Germany219,813 229,341 199,499 39,159 40,854 
France147,430 152,225 134,542 8,027 8,026 
United Kingdom85,382 90,431 70,163 30,828 35,349 
Switzerland80,891 82,381 69,965 300,155 304,228 
Other Europe480,844 508,583 447,097 35,914 51,760 
Total Europe1,014,360 1,062,961 921,266 414,083 440,217 
China823,842 754,002 565,100 90,343 95,356 
Rest of World499,014 481,135 418,185 41,022 32,515 
Total Asia/Rest of World1,322,856 1,235,137 983,285 131,365 127,871 
Total$3,919,709 $3,717,930 $3,085,177 $778,600 $799,365