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Business Segment Information (Tables) | 12 Months Ended
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Oct. 31, 2021
Segment Reporting [Abstract] |
Schedule of business segment net sales | The following table presents a summary of our business segment net sales:
(In millions) | 2021 |  | 2020 |  | 2019
CooperVision net sales by category: |  |  |  |  |
Toric lens | $ | 697.5 |  |  | $ | 598.2 |  |  | $ | 620.0 |
Multifocal lens | 238.6 |  |  | 197.0 |  |  | 202.9 |
Single-use sphere lens | 616.3 |  |  | 529.0 |  |  | 568.2 |
Non single-use sphere, other | 599.6 |  |  | 518.8 |  |  | 581.8 |
Total CooperVision net sales | 2,152.0 |  |  | 1,843.0 |  |  | 1,972.9 |
CooperSurgical net sales by category: |  |  |  |  |
Office and surgical products | 451.3 |  |  | 358.8 |  |  | 422.4 |
Fertility | 319.2 |  |  | 229.1 |  |  | 258.1 |
Total CooperSurgical net sales | 770.5 |  |  | 587.9 |  |  | 680.5 |
Total net sales | $ | 2,922.5 |  |  | $ | 2,430.9 |  |  | $ | 2,653.4 |
Schedule of business segment information | Information by business segment for each of the years in the three-year period ended October 31, 2021, follows:
(In millions) | CooperVision |  | CooperSurgical |  | Corporate |  | Consolidated
2021 |  |  |  |  |  |  |
Net sales | $ | 2,152.0 |  |  | $ | 770.5 |  |  | $ | — |  |  | $ | 2,922.5 |
Operating income (loss) | $ | 481.3 |  |  | $ | 71.8 |  |  | $ | (47.3) |  |  | $ | 505.8 |
Interest expense |  |  |  |  |  |  | 23.1 |
Other (income), net |  |  |  |  |  |  | (8.8) |
Income before income taxes |  |  |  |  |  |  | $ | 491.5 |
Identifiable assets | $ | 6,965.9 |  |  | $ | 2,395.6 |  |  | $ | 244.7 |  |  | $ | 9,606.2 |
Depreciation expense | $ | 148.3 |  |  | $ | 14.9 |  |  | $ | — |  |  | $ | 163.2 |
Amortization expense | $ | 35.7 |  |  | $ | 110.4 |  |  | $ | — |  |  | $ | 146.1 |
Capital expenditures | $ | 190.0 |  |  | $ | 24.4 |  |  | $ | — |  |  | $ | 214.4 |
2020 |  |  |  |  |  |  |
Net sales | $ | 1,843.0 |  |  | $ | 587.9 |  |  | $ | — |  |  | $ | 2,430.9 |
Operating income (loss) | $ | 375.7 |  |  | $ | (14.7) |  |  | $ | (49.2) |  |  | $ | 311.8 |
Interest expense |  |  |  |  |  |  | 36.8 |
Other expense, net |  |  |  |  |  |  | 8.5 |
Income before income taxes |  |  |  |  |  |  | $ | 266.5 |
Identifiable assets | $ | 4,236.3 |  |  | $ | 2,293.8 |  |  | $ | 207.4 |  |  | $ | 6,737.5 |
Depreciation expense | $ | 138.2 |  |  | $ | 11.7 |  |  | $ | — |  |  | $ | 149.9 |
Amortization expense | $ | 32.4 |  |  | $ | 104.8 |  |  | $ | — |  |  | $ | 137.2 |
Capital expenditures | $ | 260.3 |  |  | $ | 50.1 |  |  | $ | — |  |  | $ | 310.4 |
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 |
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, 2021, follows:
(In millions) | United States |  | Europe |  | Rest of World, Other Eliminations & Corporate |  | Consolidated
2021 |  |  |  |  |  |  |
Net sales to unaffiliated customers | $ | 1,339.2 |  |  | $ | 957.9 |  |  | $ | 625.4 |  |  | $ | 2,922.5 |
Sales between geographic areas | 494.9 |  |  | 815.1 |  |  | (1,310.0) |  |  | — |
Net sales | $ | 1,834.1 |  |  | $ | 1,773.0 |  |  | $ | (684.6) |  |  | $ | 2,922.5 |
Operating (loss) income | $ | (26.8) |  |  | $ | 416.2 |  |  | $ | 116.4 |  |  | $ | 505.8 |
Long-lived assets | $ | 737.5 |  |  | $ | 377.2 |  |  | $ | 232.9 |  |  | $ | 1,347.6 |
2020 |  |  |  |  |  |  |
Net sales to unaffiliated customers | $ | 1,103.6 |  |  | $ | 789.8 |  |  | $ | 537.5 |  |  | $ | 2,430.9 |
Sales between geographic areas | 391.7 |  |  | 327.1 |  |  | (718.8) |  |  | — |
Net sales | $ | 1,495.3 |  |  | $ | 1,116.9 |  |  | $ | (181.3) |  |  | $ | 2,430.9 |
Operating (loss) income | $ | (14.5) |  |  | $ | 21.9 |  |  | $ | 304.4 |  |  | $ | 311.8 |
Long-lived assets | $ | 721.3 |  |  | $ | 363.0 |  |  | $ | 197.6 |  |  | $ | 1,281.9 |
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 |
Long-lived assets | $ | 626.5 |  |  | $ | 358.8 |  |  | $ | 146.8 |  |  | $ | 1,132.1 |

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- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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