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Segment Reporting (Tables)
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Operations of the Company's operating segments
The following tables show the operations of the Company’s reportable segments:
Three Months ended
March 31, 2025		U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Net sales to external customers$345,758 $47,302 $190,369 $141,168 $159,147 $— $883,744 
Net sales to other segments34,093 176,506 45,087 77,076 8,166 (340,928)— 
Total net sales379,851 223,808 235,456 218,244 167,313 (340,928)883,744 
Segment cost of sales(c)
162,922 102,224 104,067 99,478 87,470 
Segment period expense(d)
132,633 60,589 88,344 42,749 55,352 
Unallocated expense / eliminations52,110 
Segment profit$84,296 $60,995 $43,045 $76,017 $24,491 $(52,110)$236,734 
Three Months ended
March 31, 2024		U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Net sales to external customers$346,123 $54,251 $214,765 $143,198 $167,612 $— $925,949 
Net sales to other segments37,418 223,371 47,738 80,641 3,331 (392,499)— 
Total net sales383,541 277,622 262,503 223,839 170,943 (392,499)925,949 
Segment cost of sales(c)
166,324 158,995 123,977 105,202 94,811 
Segment period expense(d)
123,581 59,541 88,215 42,814 50,950 
Unallocated expense / eliminations36,710 
Segment profit$93,636 $59,086 $50,311 $75,823 $25,182 $(36,710)$267,328 

(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.
Reconciliation of earnings before taxes to segment profit
A reconciliation of earnings before taxes to segment profit for the three months ended March 31 follows:
 Three Months Ended
 March 31, 2025March 31, 2024
Segment profit$236,734 $267,328 
Amortization(17,193)(18,228)
Interest expense(16,653)(19,232)
Restructuring charges(3,767)(9,664)
Other income, net2,821 343 
Earnings before taxes$201,942 $220,547 

The following tables show the additional disclosures for the Company’s reportable segments:
Three Months ended
March 31, 2025		U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Depreciation$4,171 $1,665 $1,328 $2,328 $1,481 $1,491 $12,464 
Total assets$4,142,103 $3,941,300 $1,556,180 $891,977 $411,336 $(7,708,217)$3,234,679 
Purchase of property, plant, and equipment$(2,298)$(703)$(1,197)$(1,717)$(1,309)$(10,031)$(17,255)
Goodwill$532,394 $26,245 $100,893 $601 $13,113 $— $673,246 
Three Months ended
March 31, 2024		U.S. OperationsSwiss OperationsWestern European OperationsChinese Operations
Other Operations(a)
Eliminations and Corporate(b)
Total
Depreciation$4,161 $1,769 $1,328 $2,382 $1,360 $1,522 $12,522 
Total assets$3,899,642 $3,423,650 $1,556,200 $996,197 $404,227 $(6,996,799)$3,283,117 
Purchase of property, plant, and equipment$(4,425)$(1,082)$(992)$(1,097)$(1,685)$(8,168)$(17,449)
Goodwill$526,385 $25,602 $99,985 $605 $13,239 $— $665,816 
(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.