XML 37 R27.htm IDEA: XBRL DOCUMENT v3.24.2.u1

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Operations of the Company's operating segments

The following tables show the operations of the Company’s operating segments:

			Net Sales to						Net Sales to																		As of June 30,
For the three months ended			External						Other						Total Net						Segment						2024
June 30, 2024			Customers						Segments						Sales						Profit						Goodwill
U.S. Operations			$	362,215					$	36,017					$	398,232					$	100,247					$	526,385
Swiss Operations			50,185						169,194						219,379						55,804						25,841
Western European Operations			202,313						42,171						244,484						45,124						99,401
Chinese Operations			164,384						81,894						246,278						99,496						601
Other (a)			167,653						7,604						175,257						24,628						13,131
Eliminations and Corporate (b)			—						(336,880)						(336,880)						(41,198)						—
Total			$	946,750					$	—					$	946,750					$	284,101					$	665,359

			Net Sales to						Net Sales to
For the six months ended			External						Other						Total Net						Segment
June 30, 2024			Customers						Segments						Sales						Profit
U.S. Operations			$	708,338					$	73,435					$	781,773					$	193,883
Swiss Operations			104,435						392,565						497,000						114,890
Western European Operations			417,078						89,909						506,987						95,435
Chinese Operations			307,582						162,536						470,118						175,319
Other (a)			335,266						10,936						346,202						49,810
Eliminations and Corporate (b)			—						(729,381)						(729,381)						(77,908)
Total			$	1,872,699					$	—					$	1,872,699					$	551,429

(a)Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries.

(b)Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.

			Net Sales to						Net Sales to																		As of June 30,
For the three months ended			External						Other						Total Net						Segment						2023
June 30, 2023			Customers						Segments						Sales						Profit						Goodwill
U.S. Operations			$	359,115					$	33,741					$	392,856					$	104,206					$	524,459
Swiss Operations			46,803						181,073						227,876						66,914						25,865
Western European Operations			192,075						47,766						239,841						38,747						100,452
Chinese Operations			221,669						67,279						288,948						119,722						603
Other (a)			162,455						13,601						176,056						24,440						13,721
Eliminations and Corporate (b)			—						(343,460)						(343,460)						(46,325)						—
Total			$	982,117					$	—					$	982,117					$	307,704					$	665,100

			Net Sales to						Net Sales to
For the six months ended			External						Other						Total Net						Segment
June 30, 2023			Customers						Segments						Sales						Profit
U.S. Operations			$	696,516					$	66,989					$	763,505					$	186,000
Swiss Operations			93,172						383,207						476,379						143,336
Western European Operations			391,499						92,642						484,141						83,270
Chinese Operations			407,437						127,731						535,168						200,963
Other (a)			322,231						14,559						336,790						48,683
Eliminations and Corporate (b)			—						(685,128)						(685,128)						(88,097)
Total			$	1,910,855					$	—					$	1,910,855					$	574,155

(a)Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries.

(b)Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.

Reconciliation of earnings before taxes to segment profit

A reconciliation of earnings before taxes to segment profit for the three and six month periods ended June 30 follows:

			Three Months Ended												Six Months Ended
			2024						2023						2024						2023
Earnings before taxes			$	243,177					$	263,403					$	463,724					$	490,013
Amortization			18,178						18,042						36,406						35,821
Interest expense			18,950						19,249						38,182						37,433
Restructuring charges			5,329						8,021						14,993						12,295
Other income, net			(1,533)						(1,011)						(1,876)						(1,407)
Segment profit			$	284,101					$	307,704					$	551,429					$	574,155

X

- Definition

Tabular disclosure of identification, description, and amounts of all significant reconciling items in the reconciliation of total profit or loss from reportable segments to the entity's consolidated income before income taxes, extraordinary items, and discontinued operations.

+ References

No definition available.

+ Details

Name:	mtd_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedEarningsBeforeTaxesTableTextBlock
Namespace Prefix:	mtd_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of Net Sales to External Customers, Net Sales to Other Segments, Total Net Sales, Segment Profit, and Goodwill, by Segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker even if not included in that measure of segment profit or loss.

+ References

No definition available.

+ Details

Name:	mtd_ScheduleOfNetSalesSegmentProfitAndGoodwillBySegmentTableTextBlock
Namespace Prefix:	mtd_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration