XML 64 R43.htm IDEA: XBRL DOCUMENT v3.25.0.1

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

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

Year ended December 31, 2024						U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations(a)						Eliminations and Corporate(b)						Total
			Net sales to external customers												$	1,429,502											$	218,580											$	858,002								$	628,447					$	737,830					$	—					$	3,872,361
Net sales to other segments						153,759						801,749						185,321						320,196						21,738						(1,482,763)						—
Total net sales						1,583,261						1,020,329						1,043,323						948,643						759,568						(1,482,763)						3,872,361
Segment cost of sales(c)						690,498						498,505						486,823						422,130						421,489
Segment period expense(d)						499,698						241,178						350,199						180,713						213,895
Unallocated expense / eliminations																																				150,073
Segment profit						$	393,065					$	280,646					$	206,301					$	345,800					$	124,184					$	(150,073)					$	1,199,923

Year ended December 31, 2023						U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations(a)						Eliminations and Corporate(b)						Total
			Net sales to external customers												$	1,403,919											$	188,679											$	792,907								$	718,818					$	683,986					$	—					$	3,788,309
Net sales to other segments						137,192						761,114						188,963						278,027						20,600						(1,385,896)						—
Total net sales						1,541,111						949,793						981,870						996,845						704,586						(1,385,896)						3,788,309
Segment cost of sales(c)						689,004						436,494						455,596						448,341						400,634
Segment period expense(d)						487,055						231,818						347,601						181,410						197,714
Unallocated expense / eliminations																																				146,642
Segment profit						$	365,052					$	281,481					$	178,673					$	367,094					$	106,238					$	(146,642)					$	1,151,896

Year ended December 31, 2022						U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations(a)						Eliminations and Corporate(b)						Total
			Net sales to external customers												$	1,444,460											$	176,119											$	799,931								$	841,526					$	657,673					$	—					$	3,919,709
Net sales to other segments						156,884						839,951						196,900						308,164						3,959						(1,505,858)						—
Total net sales						1,601,344						1,016,070						996,831						1,149,690						661,632						(1,505,858)						3,919,709
Segment cost of sales(c)						736,798						487,642						488,153						530,270						380,360
Segment period expense(d)						506,744						218,584						334,326						195,258						190,950
Unallocated expense / eliminations																																				164,023
Segment profit						$	357,802					$	309,844					$	174,352					$	424,162					$	90,322					$	(164,023)					$	1,192,459

(a)Other Operations 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.

(c)Segment cost of sales includes variable production and other costs.

(d)Segment period expense includes certain manufacturing, field service costs, research and development, and selling, general and administrative costs.

A reconciliation of segment profit to earnings before taxes follows:

			2024						2023						2022
Segment profit			1,199,923						1,151,896						1,192,459
Amortization			(72,869)						(72,213)						(66,239)
Interest expense			(74,631)						(77,366)						(55,392)
Restructuring charges			(19,771)						(32,735)						(9,556)
Other income, net			4,571						4,146						9,320
Earnings before taxes			1,037,223						973,728						1,070,592

The following tables show the additional disclosures for the Company’s reportable segments:

Year ended December 31, 2024						U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations(a)						Eliminations and Corporate(b)						Total
			Depreciation												$	16,970											$	7,086											$	5,339								$	9,434					$	5,353					$	6,170					$	50,352
Total assets						$	4,081,688					$	3,780,506					$	1,505,017					$	854,023					$	416,314					$	(7,397,549)					$	3,239,999
Purchase of property, plant, and equipment						$	(16,542)					$	(9,504)					$	(6,340)					$	(14,355)					$	(11,683)					$	(45,474)					$	(103,898)
Goodwill						$	532,394					$	25,601					$	97,426					$	597					$	12,896					$	—					$	668,914

Year ended December 31, 2023						U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations(a)						Eliminations and Corporate(b)						Total
			Depreciation												$	15,863											$	7,017											$	5,351								$	9,609					$	4,297					$	6,814					$	48,951
Total assets						$	3,848,003					$	3,554,911					$	1,533,297					$	989,955					$	408,200					$	(6,978,811)					$	3,355,555
Purchase of property, plant, and equipment						$	(36,269)					$	(8,030)					$	(5,052)					$	(10,133)					$	(12,380)					$	(33,459)					$	(105,323)
Goodwill						$	526,392					$	27,532					$	101,653					$	621					$	13,910					$	—					$	670,108

Year ended December 31, 2022						U.S. Operations						Swiss Operations						Western European Operations						Chinese Operations						Other Operations(a)						Eliminations and Corporate(b)						Total
			Depreciation												$	14,582											$	6,644											$	4,970								$	9,699					$	4,176					$	6,713					$	46,784
Total assets						$	3,574,842					$	2,968,539					$	1,314,332					$	1,234,303					$	388,639					$	(5,988,260)					$	3,492,395
Purchase of property, plant, and equipment						$	(55,464)					$	(7,690)					$	(5,110)					$	(12,418)					$	(6,268)					$	(34,291)					$	(121,241)
Goodwill						$	524,470					$	25,058					$	96,077					$	641					$	13,924					$	—					$	660,170

(a)Other Operations 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.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

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 Sales																		Property, Plant, and Equipment, Net
			2024						2023						2022						2024						2023
United States			$	1,358,761					$	1,346,468					$	1,363,335					$	216,317					$	224,696
Other Americas			247,531						221,742						219,158						12,485						13,152
Total Americas			1,606,292						1,568,210						1,582,493						228,802						237,848
Germany			236,292						221,482						219,813						31,320						36,123
France			152,821						139,304						147,430						19,706						22,684
United Kingdom			84,438						79,455						85,382						28,056						30,651
Switzerland			93,599						91,564						80,891						310,775						332,136
Other Europe			533,249						483,693						480,844						25,969						19,285
Total Europe			1,100,399						1,015,498						1,014,360						415,826						440,879
China			621,794						707,592						823,842						89,733						87,972
Rest of World			543,876						497,009						499,014						35,919						36,675
Total Asia/Rest of World			1,165,670						1,204,601						1,322,856						125,652						124,647
Total			$	3,872,361					$	3,788,309					$	3,919,709					$	770,280					$	803,374

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration