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11. Segment Information Segment Reporting | 3 Months Ended
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Mar. 31, 2020
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | SEGMENT INFORMATION Information regarding industry segments for the three months ended March 31, 2020 and 2019 is as follows (in millions):
|  | Life Science |  | Clinical Diagnostics |  | Other Operations
Segment net sales | 2020 | $ | 227.2 |  |  | $ | 340.3 |  |  | $ | 4.1 |
| 2019 | $ | 215.7 |  |  | $ | 334.1 |  |  | $ | 4.2 |
Segment net profit (loss) | 2020 | $ | 25.4 |  |  | $ | 46.2 |  |  | $ | 0.7 |
| 2019 | $ | 22.8 |  |  | $ | 30.9 |  |  | $ | (0.1 | )
Segment results are presented in the same manner as we present our operations internally to make operating decisions and assess performance. Net corporate operating, interest and other expense for segment results consists of receipts and expenditures that are not the primary responsibility of segment operating management and therefore are not allocated to the segments for performance assessment by our chief operating decision maker. Interest expense is charged to segments based on the carrying amount of inventory and receivables employed by that segment. For the three months ended March 31, 2020 compared to the same period in 2019, our Life Science segment had increased sales, partially offset by increased cost of goods sold, while our Clinical Diagnostics segment had increased sales, along with decreased selling, general and administrative expense. The following reconciles total segment profit to consolidated income before income taxes (in millions):
| Three Months Ended
| March 31,
| 2020 |  | 2019
Total segment profit | $ | 72.3 |  |  | $ | 53.6 |
Foreign currency exchange losses, net | (0.9 | ) |  | (1.3 | )
Net corporate operating, interest and other expense not allocated to segments | (3.7 | ) |  | (2.9 | )
Change in fair market value of equity securities | 827.7 |  |  | 1,059.2 |
Other income (expense), net | 3.3 |  |  | 18.7 |
Consolidated income before income taxes | $ | 898.7 |  |  | $ | 1,127.3 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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