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Segment Information | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Segment Information | 11. SEGMENT INFORMATION Information regarding net sales and operating profit (loss) for the three months ended June 30, 2024 and 2023 are as follows (in millions):
|  | Life Science |  | Clinical Diagnostics |  | Other Operations
Net sales | 2024 | $ | 250.5 |  |  | $ | 387.9 |  |  | $ | 0.1 |
| 2023 | $ | 300.2 |  |  | $ | 380.1 |  |  | $ | 0.8 |
Operating profit (loss) | 2024 | $ | 19.1 |  |  | $ | 82.6 |  |  | $ | (0.2) |
| 2023 | $ | 28.0 |  |  | $ | 61.8 |  |  | $ | (0.2) |
Information regarding net sales and operating profit (loss) for the six months ended June 30, 2024 and 2023 are as follows (in millions):
|  | Life Science |  | Clinical Diagnostics |  | Other Operations
Net sales | 2024 | $ | 492.2 |  |  | $ | 756.6 |  |  | $ | 0.5 |
| 2023 | $ | 623.8 |  |  | $ | 732.2 |  |  | $ | 2.0 |
Operating profit (loss) | 2024 | $ | 10.9 |  |  | $ | 135.7 |  |  | $ | (0.4) |
| 2023 | $ | 63.7 |  |  | $ | 88.1 |  |  | $ | (0.3) |
Segment results are presented in the same manner as we present our operations internally to make operating decisions and assess performance. Our chief operating decision maker ("CODM") views all operating expenses and corporate overhead as directly supporting the strategies of our segments, and these costs are fully allocated to our reportable segments. The following reconciles total operating profit to consolidated loss before income taxes (in millions):
| Three Months Ended |  | Six Months Ended
| June 30, |  | June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Operating profit | $ | 101.5 |  |  | $ | 89.6 |  |  | $ | 146.2 |  |  | $ | 151.5 |
Interest expense | (12.3) |  |  | (12.4) |  |  | (24.5) |  |  | (24.7) |
Foreign currency exchange gains, net | 1.7 |  |  | 1.3 |  |  | 3.7 |  |  | 3.6 |
Losses from change in fair market value of equity securities and loan receivable | (2,895.3) |  |  | (1,595.4) |  |  | (2,473.3) |  |  | (1,612.9) |
Other income, net | 18.1 |  |  | 16.5 |  |  | 52.7 |  |  | 66.9 |
Consolidated loss before income taxes | $ | (2,786.3) |  |  | $ | (1,500.4) |  |  | $ | (2,295.2) |  |  | $ | (1,415.6) |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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