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v3.23.3

Business Segment Information (Tables) | 12 Months Ended
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Oct. 31, 2023
Segment Reporting [Abstract] |
Schedule of business segment net sales | The following table presents a summary of our business segment net sales:
(In millions) | 2023 |  | 2022 |  | 2021
CooperVision net sales by category: |  |  |  |  |
Toric lens | $ | 828.7 |  |  | $ | 737.4 |  |  | $ | 697.5 |
Multifocal lens | 305.7 |  |  | 264.4 |  |  | 238.6 |
Single-use sphere lens | 705.4 |  |  | 661.6 |  |  | 616.3 |
Non single-use sphere, other | 583.9 |  |  | 579.9 |  |  | 599.6 |
Total CooperVision net sales | 2,423.7 |  |  | 2,243.3 |  |  | 2,152.0 |
CooperSurgical net sales by category: |  |  |  |  |
Office and surgical | 689.5 |  |  | 633.6 |  |  | 451.3 |
Fertility | 480.0 |  |  | 431.5 |  |  | 319.2 |
Total CooperSurgical net sales | 1,169.5 |  |  | 1,065.1 |  |  | 770.5 |
Total net sales | $ | 3,593.2 |  |  | $ | 3,308.4 |  |  | $ | 2,922.5 |
Schedule of business segment information | Information by business segment for each of the years in the three-year period ended October 31, 2023 follows:
(In millions) | CooperVision |  | CooperSurgical |  | Corporate |  | Consolidated
2023 |  |  |  |  |  |  |
Net sales | $ | 2,423.7 |  |  | $ | 1,169.5 |  |  | $ | — |  |  | $ | 3,593.2 |
Operating income (loss) | $ | 587.7 |  |  | $ | 16.1 |  |  | $ | (70.7) |  |  | $ | 533.1 |
Interest expense |  |  |  |  |  |  | 105.3 |
Other expense, net |  |  |  |  |  |  | 14.9 |
Income before income taxes |  |  |  |  |  |  | $ | 412.9 |
Identifiable assets | $ | 7,044.0 |  |  | $ | 4,351.8 |  |  | $ | 263.1 |  |  | $ | 11,658.9 |
Depreciation expense | $ | 156.9 |  |  | $ | 24.6 |  |  | $ | — |  |  | $ | 181.5 |
Amortization expense | $ | 32.9 |  |  | $ | 153.3 |  |  | $ | — |  |  | $ | 186.2 |
Capital expenditures | $ | 364.4 |  |  | $ | 28.1 |  |  | $ | — |  |  | $ | 392.5 |
2022 |  |  |  |  |  |  |
Net sales | $ | 2,243.3 |  |  | $ | 1,065.1 |  |  | $ | — |  |  | $ | 3,308.4 |
Operating income (loss) | $ | 494.3 |  |  | $ | 67.1 |  |  | $ | (53.8) |  |  | $ | 507.6 |
Interest expense |  |  |  |  |  |  | 57.3 |
Other (income), net |  |  |  |  |  |  | (25.0) |
Income before income taxes |  |  |  |  |  |  | $ | 475.3 |
Identifiable assets | $ | 6,778.9 |  |  | $ | 4,407.8 |  |  | $ | 305.6 |  |  | $ | 11,492.3 |
Depreciation expense | $ | 144.5 |  |  | $ | 22.1 |  |  | $ | — |  |  | $ | 166.6 |
Amortization expense | $ | 32.3 |  |  | $ | 147.2 |  |  | $ | — |  |  | $ | 179.5 |
Capital expenditures | $ | 223.0 |  |  | $ | 19.0 |  |  | $ | — |  |  | $ | 242.0 |
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 expense, 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 |
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, 2023 follows:
(In millions) | United States |  | Europe |  | Rest of World, Other Eliminations & Corporate |  | Consolidated
2023 |  |  |  |  |  |  |
Net sales to unaffiliated customers | $ | 1,812.2 |  |  | $ | 1,041.2 |  |  | $ | 739.8 |  |  | $ | 3,593.2 |
Sales between geographic areas | 563.1 |  |  | 1,016.7 |  |  | (1,579.8) |  |  | — |
Net sales | $ | 2,375.3 |  |  | $ | 2,057.9 |  |  | $ | (840.0) |  |  | $ | 3,593.2 |
Operating income | $ | — |  |  | $ | 516.2 |  |  | $ | 16.9 |  |  | $ | 533.1 |
Long-lived assets | $ | 1,027.6 |  |  | $ | 325.9 |  |  | $ | 279.1 |  |  | $ | 1,632.6 |
2022 |  |  |  |  |  |  |
Net sales to unaffiliated customers | $ | 1,638.5 |  |  | $ | 987.2 |  |  | $ | 682.7 |  |  | $ | 3,308.4 |
Sales between geographic areas | 514.4 |  |  | 897.3 |  |  | (1,411.7) |  |  | — |
Net sales | $ | 2,152.9 |  |  | $ | 1,884.5 |  |  | $ | (729.0) |  |  | $ | 3,308.4 |
Operating (loss) income | $ | 71.8 |  |  | $ | 403.8 |  |  | $ | 32.0 |  |  | $ | 507.6 |
Long-lived assets | $ | 856.1 |  |  | $ | 310.8 |  |  | $ | 266.0 |  |  | $ | 1,432.9 |
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 |

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