| Segment Information |
NOTE 11. SEGMENT INFORMATION
We operate and report our results in two business segments
consisting of the Professional Instrumentation and Industrial
Technologies segments. As of March 31, 2017, there have been
no material changes in total assets or liabilities by segment since
December 31, 2016. Segment results are shown below ($ in
millions):
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
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| |
|
March 31,
2017 |
|
|
April 1,
2016 |
|
|
Sales:
|
|
|
|
|
|
|
|
|
|
Professional Instrumentation
|
|
$ |
716.1 |
|
|
$ |
697.4 |
|
|
Industrial Technologies
|
|
|
819.1 |
|
|
|
777.3 |
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,535.2 |
|
|
$ |
1,474.7 |
|
|
|
|
|
|
|
|
|
|
|
Operating Profit:
|
|
|
|
|
|
|
|
|
|
Professional Instrumentation
|
|
$ |
158.0 |
|
|
$ |
146.0 |
|
|
Industrial Technologies
|
|
|
152.6 |
|
|
|
130.7 |
|
|
Other
|
|
|
(15.7 |
) |
|
|
(13.7 |
) |
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
294.9 |
|
|
$ |
263.0 |
|
|
|
|
|
|
|
|
|
|
|
NOTE 18. SEGMENT INFORMATION
We report our results in two separate business segments consisting
of Professional Instrumentation and Industrial Technologies.
Operating profit represents total revenues less operating expenses,
excluding other income/expense, interest and income taxes. The
identifiable assets by segment are those used in each
segment’s operations. Inter-segment amounts are not
significant and are eliminated to arrive at combined totals.
Detailed segment data is as follows ($ in millions):
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|
|
|
|
|
|
|
|
|
|
| |
|
For The Year Ended
December 31 |
|
| |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Professional Instrumentation
|
|
$ |
2,891.6 |
|
|
$ |
2,974.2 |
|
|
$ |
3,121.6 |
|
|
Industrial Technologies
|
|
|
3,332.7 |
|
|
|
3,204.6 |
|
|
|
3,215.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
6,224.3 |
|
|
$ |
6,178.8 |
|
|
$ |
6,337.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Profit:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Professional Instrumentation
|
|
$ |
642.3 |
|
|
$ |
694.8 |
|
|
$ |
691.6 |
|
|
Industrial Technologies
|
|
|
667.4 |
|
|
|
617.2 |
|
|
|
597.0 |
|
|
Other
|
|
|
(63.7 |
) |
|
|
(42.3 |
) |
|
|
(43.3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
1,246.0 |
|
|
$ |
1,269.7 |
|
|
$ |
1,245.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Identifiable assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Professional Instrumentation
|
|
$ |
3,905.2 |
|
|
$ |
3,894.0 |
|
|
$ |
4,124.6 |
|
|
Industrial Technologies
|
|
|
3,294.8 |
|
|
|
3,316.6 |
|
|
|
3,231.0 |
|
|
Other
|
|
|
989.8 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
8,189.8 |
|
|
$ |
7,210.6 |
|
|
$ |
7,355.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Professional Instrumentation
|
|
$ |
99.4 |
|
|
$ |
103.5 |
|
|
$ |
107.4 |
|
|
Industrial Technologies
|
|
|
75.7 |
|
|
|
73.4 |
|
|
|
70.6 |
|
|
Other
|
|
|
1.3 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
176.4 |
|
|
$ |
176.9 |
|
|
$ |
178.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital expenditures, gross:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Professional Instrumentation
|
|
$ |
36.2 |
|
|
$ |
34.6 |
|
|
$ |
30.0 |
|
|
Industrial Technologies
|
|
|
84.4 |
|
|
|
85.5 |
|
|
|
72.6 |
|
|
Other
|
|
|
9.0 |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
129.6 |
|
|
$ |
120.1 |
|
|
$ |
102.6 |
|
|
|
|
|
|
|
|
|
|
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|
|
Operations in Geographical Areas:
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|
|
|
|
|
|
|
|
|
|
|
| |
|
For The Year Ended
December 31 |
|
| ($ in millions) |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Sales:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
3,471.2 |
|
|
$ |
3,415.8 |
|
|
$ |
3,289.5 |
|
|
China
|
|
|
536.0 |
|
|
|
501.4 |
|
|
|
498.2 |
|
|
Germany
|
|
|
268.1 |
|
|
|
268.2 |
|
|
|
321.5 |
|
|
All other (each country individually less than 5% of total
sales)
|
|
|
1,949.0 |
|
|
|
1,993.4 |
|
|
|
2,228.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
6,224.3 |
|
|
$ |
6,178.8 |
|
|
$ |
6,337.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-lived assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States
|
|
$ |
4,480.7 |
|
|
$ |
4,333.9 |
|
|
$ |
4,273.3 |
|
|
United Kingdom
|
|
|
353.4 |
|
|
|
359.2 |
|
|
|
432.4 |
|
|
Germany
|
|
|
262.7 |
|
|
|
349.1 |
|
|
|
346.3 |
|
|
All other (each country individually less than 5% of total
long-lived assets)
|
|
|
604.3 |
|
|
|
574.3 |
|
|
|
620.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
5,701.1 |
|
|
$ |
5,616.5 |
|
|
$ |
5,672.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales by Major Product Group:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For The Year Ended
December 31 |
|
| ($ in millions) |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
Professional tools and equipment
|
|
$ |
4,005.9 |
|
|
$ |
3,959.7 |
|
|
$ |
4,020.8 |
|
|
Industrial automation, controls and sensors
|
|
|
1,138.2 |
|
|
|
1,170.5 |
|
|
|
1,306.1 |
|
|
Franchise distribution
|
|
|
618.1 |
|
|
|
590.4 |
|
|
|
535.0 |
|
|
All other
|
|
|
462.1 |
|
|
|
458.2 |
|
|
|
475.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
6,224.3 |
|
|
$ |
6,178.8 |
|
|
$ |
6,337.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|