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14. Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Information regarding industry segments

Information regarding industry segments at December 31, 2020, 2019, and 2018 and for the years then ended is as follows (in millions):

									Life Science						Clinical Diagnostics						Other Operations
Segment net sales			2020						$	1,231.8					$	1,305.2					$	8.6
			2019						885.9						1,412.0						13.8
			2018						861.7						1,411.8						15.9
Allocated interest expense			2020						$	8.0					$	13.8					$	0.1
			2019						7.4						15.9						0.1
			2018						7.2						16.7						0.1
Depreciation and amortization			2020						$	32.8					$	65.1					$	1.0
			2019						29.4						71.7						0.9
			2018						34.1						72.0						0.5
Segment profit (loss)			2020						$	256.3					$	149.1					$	(0.6)
			2019						72.1						148.5						(1.5)
			2018						28.7						(145.7)						0.2
Segment assets			2020						$	607.3					$	1,065.6					$	9.5
			2019						496.1						1,075.8						9.2
Capital expenditures			2020						$	16.8					$	43.6					$	3.1
			2019						16.6						58.9						0.6

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,
			2020						2019						2018
Total segment profit (loss)			$	404.8					$	219.1					$	(116.8)
Foreign currency exchange losses, net			(1.8)						(2.2)						(2.9)
Net corporate operating and other expense not allocated to segments			(15.7)						(12.9)						(10.4)
Change in fair market value of equity securities			4,495.8						2,031.0						606.2
Other income, net			24.5						26.1						36.6
Consolidated income before income taxes			$	4,907.6					$	2,261.1					$	512.7

Reconciliation of Assets from Segment to Consolidated

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

						December 31,
						2020						2019
Total segment assets						$	1,682.4					$	1,581.1
Cash and other current assets						1,098.2						1,233.5
Property, plant and equipment, net, and operating lease right-of-use
assets, excluding segment specific balances						52.7						56.0
Goodwill, net						291.9						264.1
Other long-term assets						9,847.4						4,863.4
Total assets						$	12,972.6					$	8,008.9

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,
						2020						2019						2018
Europe						$	857.7					$	770.3					$	792.0
Asia						546.5						505.0						495.5
United States						1,004.8						899.1						863.6
Other (primarily Canada and Latin America)						136.6						137.3						138.3
Total net sales						$	2,545.6					$	2,311.7					$	2,289.4

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,
						2020						2019
Europe						$	208.6					$	198.3
Asia						53.3						51.5
United States						454.4						468.7
Other (primarily Canada and Latin America)						12.0						12.7
Total Property, plant and equipment, net, Operating lease right-of-use assets and Other assets, excluding deferred income taxes						$	728.3					$	731.2

X

- 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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