XML 58 R44.htm IDEA: XBRL DOCUMENT v3.24.0.1

Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Information regarding industry segments

Information regarding industry segments at December 31, 2023, 2022, and 2021 and for the years then ended is as follows (in millions):

									Life Science						Clinical Diagnostics						Other Operations
Net sales			2023						$	1,178.4					$	1,489.3					$	3.6
			2022						1,347.2						1,451.0						4.0
			2021						1,400.8						1,515.9						5.8
Depreciation and amortization			2023						$	62.8					$	83.1					$	—
			2022						57.9						79.4						—
			2021						54.8						82.8						—
Operating profit (loss)			2023						$	108.9					$	229.6					$	(0.7)
			2022						266.8						217.7						(1.9)
			2021						319.7						181.8						(1.2)
Segment assets			2023						$	287.1					$	493.1					$	0.3
			2022						269.9						448.8						0.6
			2021						207.7						363.5						1.0

Reconciliation of segment profit to consolidated income before taxes

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

			Year Ended December 31,
			2023						2022						2021
Total operating profit			$	337.8					$	482.6					$	500.3
Interest expense			(49.3)						(38.1)						(1.5)
Foreign currency exchange gains (losses), net			7.3						0.2						(2.7)
Gains (losses) from change in fair market value of equity securities and loan receivable			(1,252.3)						(5,193.6)						4,926.2
Other income, net			106.4						44.6						26.8
Consolidated income (loss) before income taxes			$	(850.1)					$	(4,704.3)					$	5,449.1

Reconciliation of Assets from Segment to Consolidated

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

						December 31,
						2023						2022
Total segment assets						$	780.5					$	719.3
Cash, short-term investments and other current assets						2,267.8						2,438.7
Property, plant and equipment, net, and operating lease right-of-use assets						723.7						679.6
Goodwill, net						413.6						406.5
Other long-term assets						8,113.5						9,257.6
Total assets						$	12,299.1					$	13,501.7

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,
						2023						2022						2021
United States						$	1,121.9					$	1,155.5					$	1,130.6
Europe						819.8						851.9						946.9
Asia						563.0						639.4						688.4
Other (primarily Canada and Latin America)						166.6						155.4						156.6
Total net sales						$	2,671.3					$	2,802.2					$	2,922.5

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,
						2023						2022
United States						$	477.3					$	465.7
Europe						197.0						183.7
Asia						82.7						63.8
Other (primarily Canada and Latin America)						19.1						15.6
Total Property, plant and equipment, net, Operating lease right-of-use assets and Other assets, excluding deferred income taxes						$	776.1					$	728.8

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfAssetsFromSegmentToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration