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SEGMENT INFORMATION | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 17. SEGMENT INFORMATION We report our results in three separate business segments consisting of Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. 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 in the combined totals. Amounts in the Other category consist of unallocated corporate costs and other costs not considered part of our evaluation of reportable segment operating performance. Segment results are shown below ($ in millions):
| Year Ended December 31
| 2023 |  | 2022 |  | 2021
Sales: |  |  |  |  |
Intelligent Operating Solutions | $ | 2,612.2 |  |  | $ | 2,466.1 |  |  | $ | 2,169.4 |
Precision Technologies | 2,132.8 |  |  | 2,038.2 |  |  | 1,848.9 |
Advanced Healthcare Solutions | 1,320.3 |  |  | 1,321.4 |  |  | 1,236.4 |
Total | $ | 6,065.3 |  |  | $ | 5,825.7 |  |  | $ | 5,254.7 |
Operating Profit: |  |  |  |  |
Intelligent Operating Solutions | $ | 628.8 |  |  | $ | 519.4 |  |  | $ | 408.5 |
Precision Technologies | 540.3 |  |  | 491.3 |  |  | 408.0 |
Advanced Healthcare Solutions | 105.5 |  |  | 107.9 |  |  | 101.9 |
Other | (140.9) |  |  | (113.3) |  |  | (105.6) |
Russia exit and wind down costs (a) | — |  |  | (17.9) |  |  | — |
Total | $ | 1,133.7 |  |  | $ | 987.4 |  |  | $ | 812.8 |
Segment assets: |  |  |  |  |
Intelligent Operating Solutions | $ | 6,550.0 |  |  | $ | 6,583.1 |  |  | $ | 6,769.3 |
Precision Technologies | 2,966.2 |  |  | 2,983.3 |  |  | 2,994.2 |
Advanced Healthcare Solutions | 5,309.8 |  |  | 5,498.5 |  |  | 5,737.4 |
Total segment assets | 14,826.0 |  |  | 15,064.9 |  |  | 15,500.9 |
Other | 2,085.8 |  |  | 825.7 |  |  | 964.6 |
Total assets | $ | 16,911.8 |  |  | $ | 15,890.6 |  |  | $ | 16,465.5 |
Depreciation and amortization: |  |  |  |  |
Intelligent Operating Solutions | $ | 219.4 |  |  | $ | 218.3 |  |  | $ | 187.8 |
Precision Technologies | 29.8 |  |  | 37.7 |  |  | 41.6 |
Advanced Healthcare Solutions | 203.6 |  |  | 205.8 |  |  | 161.7 |
Other | 4.0 |  |  | 3.8 |  |  | 4.4 |
Total | $ | 456.8 |  |  | $ | 465.6 |  |  | $ | 395.5 |
Capital expenditures, gross: |  |  |  |  |
Intelligent Operating Solutions | $ | 55.7 |  |  | $ | 36.7 |  |  | $ | 16.7 |
Precision Technologies | 28.3 |  |  | 29.6 |  |  | 21.4 |
Advanced Healthcare Solutions | 18.5 |  |  | 17.0 |  |  | 6.4 |
Other | 5.3 |  |  | 12.5 |  |  | 5.5 |
Total | $ | 107.8 |  |  | $ | 95.8 |  |  | $ | 50.0 |
(a) Refer to Note 1 for further detail on Russia exit and wind down costs.
Operations in Geographic Areas:
| As of December 31
($ in millions) | 2023 |  | 2022 |  |
Property, plant and equipment, net: |  |  |  |  |
United States | $ | 369.0 |  |  | $ | 303.1 |  |  |
Switzerland | 14.3 |  |  | 20.5 |  |  |
All other (each country individually less than 5% of total property, plant and equipment, net) | 56.5 |  |  | 98.3 |  |  |
Total | $ | 439.8 |  |  | $ | 421.9 |  |  |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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