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v3.19.3.a.u2

Business Segment Information (Tables) | 12 Months Ended
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Oct. 31, 2019
Segment Reporting [Abstract] |
Summary of business segment net sales | The following table presents a summary of our business segment net sales:
(In millions) | 2019 |  | 2018 |  | 2017
CooperVision net sales by category: |  |  |  |  |
Toric lens | $ | 620.0 |  |  | $ | 591.4 |  |  | $ | 526.8 |
Multifocal lens | 202.9 |  |  | 196.6 |  |  | 177.2 |
Single-use sphere lens | 568.2 |  |  | 520.1 |  |  | 438.3 |
Non single-use sphere and other | 581.8 |  |  | 573.9 |  |  | 531.8 |
Total CooperVision net sales | 1,972.9 |  |  | 1,882.0 |  |  | 1,674.1 |
CooperSurgical net sales by category: |  |  |  |  |
Office and surgical products | 422.4 |  |  | 400.4 |  |  | 214.7 |
Fertility | 258.1 |  |  | 250.4 |  |  | 250.2 |
Total CooperSurgical net sales | 680.5 |  |  | 650.8 |  |  | 464.9 |
Total net sales | $ | 2,653.4 |  |  | $ | 2,532.8 |  |  | $ | 2,139.0 |
Schedule of segment information | Information by business segment for each of the years in the three-year period ended October 31, 2019, follows:
(In millions) | CooperVision |  | CooperSurgical |  | Corporate |  | Consolidated
2019 |  |  |  |  |  |  |
Net sales | $ | 1,972.9 |  |  | $ | 680.5 |  |  | $ | — |  |  | $ | 2,653.4 |
Operating income (loss) | $ | 506.4 |  |  | $ | 87.9 |  |  | $ | (47.6 | ) |  | $ | 546.7 |
Interest expense |  |  |  |  |  |  | 68.0 |
Other expense, net |  |  |  |  |  |  | 1.3 |
Income before income taxes |  |  |  |  |  |  | $ | 477.4 |
Identifiable assets | $ | 3,911.6 |  |  | $ | 2,189.8 |  |  | $ | 173.1 |  |  | $ | 6,274.5 |
Depreciation expense | $ | 125.8 |  |  | $ | 9.0 |  |  | $ | 0.2 |  |  | $ | 135.0 |
Amortization expense | $ | 40.9 |  |  | $ | 104.9 |  |  | $ | — |  |  | $ | 145.8 |
Capital expenditures | $ | 259.0 |  |  | $ | 33.1 |  |  | $ | — |  |  | $ | 292.1 |
2018 |  |  |  |  |  |  |
Net sales | $ | 1,882.0 |  |  | $ | 650.8 |  |  | $ | — |  |  | $ | 2,532.8 |
Operating income (loss) | $ | 479.8 |  |  | $ | (19.9 | ) |  | $ | (56.8 | ) |  | $ | 403.1 |
Interest expense |  |  |  |  |  |  | 82.7 |
Other (income), net |  |  |  |  |  |  | (11.5 | )
Income before income taxes |  |  |  |  |  |  | $ | 331.9 |
Identifiable assets | $ | 3,746.0 |  |  | $ | 2,201.7 |  |  | $ | 165.1 |  |  | $ | 6,112.8 |
Depreciation expense | $ | 120.1 |  |  | $ | 8.1 |  |  | $ | 0.2 |  |  | $ | 128.4 |
Amortization expense | $ | 43.6 |  |  | $ | 103.1 |  |  | $ | — |  |  | $ | 146.7 |
Capital expenditures | $ | 178.4 |  |  | $ | 15.1 |  |  | $ | 0.1 |  |  | $ | 193.6 |
2017 |  |  |  |  |  |  |  |
Net sales | $ | 1,674.1 |  |  | $ | 464.9 |  |  | $ | — |  |  | $ | 2,139.0 |
Operating income (loss) | $ | 418.4 |  |  | $ | 58.5 |  |  | $ | (47.8 | ) |  | $ | 429.1 |
Interest expense |  |  |  |  |  |  | 33.4 |
Other expense, net |  |  |  |  |  |  | 1.7 |
Income before income taxes |  |  |  |  |  |  | $ | 394.0 |
Identifiable assets | $ | 3,562.6 |  |  | $ | 1,107.5 |  |  | $ | 188.6 |  |  | $ | 4,858.7 |
Depreciation expense | $ | 115.0 |  |  | $ | 4.7 |  |  | $ | 0.3 |  |  | $ | 120.0 |
Amortization expense | $ | 36.7 |  |  | $ | 31.7 |  |  | $ | — |  |  | $ | 68.4 |
Capital expenditures | $ | 108.2 |  |  | $ | 18.9 |  |  | $ | 0.1 |  |  | $ | 127.2 |
Schedule of information by geographical area by country of domicile | Information by geographical area by country of domicile for each of the years in the three-year period ended October 31, 2019, follows:
(In millions) | United States |  | Europe |  | Rest of World, Other Eliminations & Corporate |  | Consolidated
2019 |  |  |  |  |  |  |
Net sales to unaffiliated customers | $ | 1,211.8 |  |  | $ | 854.8 |  |  | $ | 586.8 |  |  | $ | 2,653.4 |
Sales between geographic areas | 650.7 |  |  | 300.8 |  |  | (951.5 | ) |  | — |
Net sales | $ | 1,862.5 |  |  | $ | 1,155.6 |  |  | $ | (364.7 | ) |  | $ | 2,653.4 |
Operating income | $ | 83.2 |  |  | $ | 29.3 |  |  | $ | 434.2 |  |  | $ | 546.7 |
Property, plant and equipment, net | $ | 626.5 |  |  | $ | 358.8 |  |  | $ | 146.8 |  |  | $ | 1,132.1 |
2018 |  |  |  |  |  |  |
Sales to unaffiliated customers | $ | 1,162.2 |  |  | $ | 846.5 |  |  | $ | 524.1 |  |  | $ | 2,532.8 |
Sales between geographic areas | 274.3 |  |  | 407.1 |  |  | (681.4 | ) |  | — |
Net sales | $ | 1,436.5 |  |  | $ | 1,253.6 |  |  | $ | (157.3 | ) |  | $ | 2,532.8 |
Operating (loss) income | $ | (39.3 | ) |  | $ | (16.8 | ) |  | $ | 459.2 |  |  | $ | 403.1 |
Property, plant and equipment, net | $ | 516.7 |  |  | $ | 340.7 |  |  | $ | 118.6 |  |  | $ | 976.0 |
2017 |  |  |  |  |  |  |
Sales to unaffiliated customers | $ | 931.1 |  |  | $ | 746.2 |  |  | $ | 461.7 |  |  | $ | 2,139.0 |
Sales between geographic areas | 255.7 |  |  | 440.5 |  |  | (696.2 | ) |  | — |
Net sales | $ | 1,186.8 |  |  | $ | 1,186.7 |  |  | $ | (234.5 | ) |  | $ | 2,139.0 |
Operating income | $ | 37.8 |  |  | $ | 1.6 |  |  | $ | 389.7 |  |  | $ | 429.1 |
Property, plant and equipment, net | $ | 472.8 |  |  | $ | 352.3 |  |  | $ | 85.0 |  |  | $ | 910.1 |

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