14. Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2014

Information regarding industry segments at December 31, 2014, 2013, and 2012 and for the years then ended is as follows (in millions):



		Life Science			Clinical Diagnostics			Other Operations
Segment net sales	2014	$	728.3		$	1,432.3		$	14.4
	2013	710.0			1,408.0			14.7
	2012	688.4			1,365.5			15.3

Allocated interest expense	2014	$	5.5		$	15.9		$	0.1
	2013	10.4			30.1			0.1
	2012	13.4			37.8			0.2

Depreciation and amortization	2014	$	33.2		$	95.8		$	—
	2013	32.6			91.5			0.1
	2012	26.3			92.9			0.1

Segment (loss) profit	2014	$	(14.7	)	$	167.1		$	1.2
	2013	(13.7		)	176.2			1.1
	2012	13.2			202.6			1.6

Segment assets	2014	$	361.5		$	884.9		$	4.8
	2013	389.1			980.9			5.1

Capital expenditures	2014	$	14.1		$	60.1		$	—
	2013	19.8			66.5		⁽¹⁾	0.2

⁽¹⁾ Amount revised, see Note 1 "Correction of Immaterial Errors"

Reconciliation of segment profit to consolidated income before taxes

The following reconciles total segment profit to consolidated income before taxes (in millions):




	Year Ended December 31,
	2014			2013			2012
Total segment profit	$	153.6		$	163.6		$	217.4
Foreign exchange losses	(9.3		)	(8.6		)	(5.0		)
Net corporate operating, interest and other expense, net not allocated to segments	(25.7		)	(55.4		)	(4.4		)
Other income (expense), net	13.0			12.8			21.9
Consolidated income before taxes	$	131.6		$	112.4		$	229.9

Reconciliation of Assets from Segment to Consolidated

The following reconciles total segment assets to consolidated total assets (in millions):



	December 31,
	2014		2013
Total segment assets	$	1,251.2	$	1,375.1
Cash and other current assets	888.1		829.8			⁽¹⁾
Property, plant and equipment, net, excluding
segment specific gross machinery and equipment	26.7		(14.9		)
Goodwill, net	500.4		517.8
Other long-term assets	674.9		681.0			⁽¹⁾
Total assets	$	3,341.3	$	3,388.8

⁽¹⁾ Amounts revised, see Note 1 "Correction of Immaterial Errors"

Net sales and assets to external customers by geographic area

The following presents net sales to external customers by geographic region based primarily on the location of the use of the product or service (in millions):



	Year Ended December 31,
	2014		2013		2012
Europe	$	901.7	$	886.1	$	837.0
Pacific Rim	417.5		413.3		425.7
United States	704.9		677.7		656.7
Other (primarily Canada and Latin America)	150.9		155.6		149.8
Total net sales	$	2,175.0	$	2,132.7	$	2,069.2

The following presents Property, plant and equipment, net, Other investments and other assets, excluding deferred income taxes, by geographic region based upon the location of the asset (in millions):



	December 31,
	2014		2013		⁽¹⁾
Europe	$	194.5	$	210.5
Pacific Rim	19.0		22.4
United States	623.8		584.4
Other (primarily Canada and Latin America)	12.1		12.0
Total Property, plant and equipment, net, Other investments and other assets, excluding deferred income taxes	$	849.4	$	829.3

⁽¹⁾ Amounts revised, see Note 1 "Correction of Immaterial Errors"

- 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.

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