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14. Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Information regarding industry segments

Information regarding industry segments at December 31, 2018, 2017, and 2016 and for the years then ended is as follows (in millions):

			Life Science				Clinical Diagnostics				Other Operations
Segment net sales	2018		$	861.7			$	1,411.8			$	15.9
	2017		785.2				1,360.8				14.2
	2016		730.7				1,323.3				14.2
Allocated interest expense	2018		$	7.2			$	16.7			$	0.1
	2017		7.0				14.9				—
	2016		6.9				16.5				—
Depreciation and amortization	2018		$	34.1			$	72.0			$	0.5
	2017		36.2				80.2				—
	2016		31.7				80.5				—
Segment profit (loss)	2018		$	28.7			$	(145.7	)		$	0.2
	2017		(9.9		)		114.8				1.4
	2016		(19.1		)		58.0				0.9
Segment assets	2018		$	450.2			$	949.0			$	5.9
	2017		453.0				1,038.4				4.8
Capital expenditures	2018		$	36.7			$	60.5			$	0.5
	2017		12.6				59.0				—

Reconciliation of segment profit to consolidated income before taxes

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

	Year Ended December 31,
	2018				2017				2016
Total segment (loss) profit	$	(116.8	)		$	106.3			$	39.8
Foreign currency exchange losses, net	(2.9		)		(9.1		)		(4.5		)
Net corporate operating, interest and other expense not allocated to segments	(10.4		)		(10.1		)		(7.5		)
Change in fair market value of equity securities	606.2				—				—
Other income (expense), net	36.6				10.7				13.8
Consolidated income before income taxes	$	512.7			$	97.8			$	41.6

Reconciliation of Assets from Segment to Consolidated

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

		December 31,
		2018				2017
Total segment assets		$	1,405.1			$	1,496.2
Cash and other current assets		1,047.2				965.8
Property, plant and equipment, net, excluding
segment specific gross machinery and equipment		79.9				57.0
Goodwill, net		219.8				506.1
Other long-term assets		2,859.1				1,247.9
Total assets		$	5,611.1			$	4,273.0

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,
		2018				2017				2016
Europe		$	792.0			$	758.5			$	742.2
Pacific Rim		495.5				461.3				427.1
United States		863.6				800.2				770.6
Other (primarily Canada and Latin America)		138.3				140.2				128.3
Total net sales		$	2,289.4			$	2,160.2			$	2,068.2

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,
		2018				2017
Europe**		$	1,571.9			$	230.6
Pacific Rim		20.7				18.4
United States		1,582.1				1,305.2
Other (primarily Canada and Latin America)		11.1				13.1
Total Property, plant and equipment, net, Other investments and Other assets, excluding deferred income taxes		$	3,185.8			$	1,567.3

** The amounts primarily include our investment in the ordinary voting stock of Sartorius AG, of Goettingen, Germany (see Note 3). In 2017 this investment was accounted for under the cost method, and in 2018 it was accounted for at fair value in accordance with ASU 2016-01 (see Note 1).

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