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14. Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Information regarding industry segments

Information regarding industry segments at December 31, 2019, 2018, and 2017 and for the years then ended is as follows (in millions):

			Life Science				Clinical Diagnostics				Other Operations
Segment net sales	2019		$	885.9			$	1,412.0			$	13.8
	2018		861.7				1,411.8				15.9
	2017		785.2				1,360.8				14.2
Allocated interest expense	2019		$	7.4			$	15.9			$	0.1
	2018		7.2				16.7				0.1
	2017		7.0				14.9				—
Depreciation and amortization	2019		$	29.4			$	71.7			$	0.9
	2018		34.1				72.0				0.5
	2017		36.2				80.2				—
Segment profit (loss)	2019		$	72.1			$	148.5			$	(1.5	)
	2018		28.7				(145.7		)		0.2
	2017		(9.9		)		114.8				1.4
Segment assets	2019		$	496.1			$	1,075.8			$	9.2
	2018		450.2				949.0				5.9
Capital expenditures	2019		$	16.6			$	58.9			$	0.6
	2018		36.7				60.5				0.5

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,
	2019				2018				2017
Total segment profit (loss)	$	219.1			$	(116.8	)		$	106.3
Foreign currency exchange losses, net	(2.2		)		(2.9		)		(9.1		)
Net corporate operating, interest and other expense not allocated to segments	(12.9		)		(10.4		)		(10.1		)
Change in fair market value of equity securities	2,031.0				606.2				—
Other income (expense), net	26.1				36.6				10.7
Consolidated income before income taxes	$	2,261.1			$	512.7			$	97.8

Reconciliation of Assets from Segment to Consolidated

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

		December 31,
		2019				2018
Total segment assets		$	1,581.1			$	1,405.1
Cash and other current assets		1,233.5				1,047.2
Property, plant and equipment, net, and operating lease right-of-use
assets, excluding segment specific balances		66.8				79.9
Goodwill, net		264.1				219.8
Other long-term assets		4,863.4				2,859.1
Total assets		$	8,008.9			$	5,611.1

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,
		2019				2018				2017
Europe		$	770.3			$	792.0			$	758.5
Asia		505.0				495.5				461.3
United States		899.1				863.6				800.2
Other (primarily Canada and Latin America)		137.3				138.3				140.0
Total net sales		$	2,311.7			$	2,289.4			$	2,160.2

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

		December 31,
		2019				2018
Europe		$	198.3			$	129.1
Asia		51.5				20.7
United States		468.7				369.2
Other (primarily Canada and Latin America)		12.7				11.1
Total Property, plant and equipment, net, Operating lease right-of-use assets and Other assets, excluding deferred income taxes		$	731.2			$	530.1

Prior year amounts have been adjusted to exclude Other investments.

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- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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