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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Information regarding industry segments | Information regarding industry segments at December 31, 2024, 2023, and 2022 and for the years then ended is as follows (in millions):
|  |  | Life Science |  | Clinical Diagnostics |  | Other Operations
Net sales | 2024 |  | $ | 1,028.1 |  |  | $ | 1,537.9 |  |  | $ | 0.5 |
| 2023 |  | 1,178.4 |  |  | 1,489.3 |  |  | 3.5 |
| 2022 |  | 1,347.2 |  |  | 1,451.0 |  |  | 4.0 |
Cost of goods sold | 2024 |  | $ | 445.7 |  |  | $ | 741.3 |  |  | $ | 0.6 |
| 2023 |  | 514.4 |  |  | 725.8 |  |  | 4.1 |
| 2022 |  | 532.7 |  |  | 696.5 |  |  | 5.7 |
Depreciation and amortization | 2024 |  | $ | 67.3 |  |  | $ | 84.3 |  |  | $ | — |
| 2023 |  | 62.8 |  |  | 83.1 |  |  | — |
| 2022 |  | 57.9 |  |  | 79.4 |  |  | — |
Segment profit | 2024 |  | $ | 582.4 |  |  | $ | 796.6 |  |  | $ | (0.1) |
| 2023 |  | 664.0 |  |  | 763.5 |  |  | (0.6) |
| 2022 |  | 814.5 |  |  | 754.5 |  |  | (1.7) |
Segment assets | 2024 |  | $ | 286.7 |  |  | $ | 473.3 |  |  | $ | — |
| 2023 |  | 287.1 |  |  | 493.1 |  |  | 0.3 |
| 2022 |  | 269.9 |  |  | 448.8 |  |  | 0.6 |
Reconciliation of segment profit to consolidated income before taxes | The following reconciles total segment gross profit to consolidated income (loss) before income taxes (in millions):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Total segment profit | $ | 1,378.9 |  |  | $ | 1,426.9 |  |  | $ | 1,567.3 |
Selling, general and administrative expense | (814.0) |  |  | (841.7) |  |  | (827.8) |
Research and development expense | (295.9) |  |  | (247.4) |  |  | (256.9) |
Interest expense | (48.9) |  |  | (49.4) |  |  | (38.1) |
Foreign currency exchange gains, net | 3.9 |  |  | 7.3 |  |  | 0.2 |
Losses from change in fair market value of equity securities and loan receivable | (2,656.8) |  |  | (1,252.3) |  |  | (5,193.6) |
Other income, net | 90.3 |  |  | 106.5 |  |  | 44.7 |
Consolidated income (loss) before income taxes | $ | (2,342.5) |  |  | $ | (850.1) |  |  | $ | (4,704.2) |
Reconciliation of Assets from Segment to Consolidated | The following reconciles total segment assets to consolidated total assets (in millions):
|  | December 31,
|  | 2024 |  | 2023
Total segment assets |  | $ | 760.0 |  |  | $ | 780.5 |
Cash, short-term investments and other current assets |  | 2,270.3 |  |  | 2,267.8 |
Property, plant and equipment, net, and operating lease right-of-use assets |  | 688.6 |  |  | 723.7 |
Goodwill, net |  | 410.5 |  |  | 413.6 |
Other long-term assets |  | 5,234.7 |  |  | 8,113.5 |
Total assets |  | $ | 9,364.1 |  |  | $ | 12,299.1 |
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,
|  | 2024 |  | 2023 |  | 2022
United States |  | $ | 1,041.5 |  |  | $ | 1,121.9 |  |  | $ | 1,155.5 |
Europe |  | 834.1 |  |  | 819.8 |  |  | 851.9 |
Asia |  | 521.6 |  |  | 563.0 |  |  | 639.4 |
Other (primarily Canada and Latin America) |  | 169.3 |  |  | 166.5 |  |  | 155.4 |
Total net sales |  | $ | 2,566.5 |  |  | $ | 2,671.2 |  |  | $ | 2,802.2 |
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,
|  | 2024 |  | 2023
United States |  | $ | 461.4 |  |  | $ | 477.3 |
Europe |  | 171.3 |  |  | 197.0 |
Asia |  | 97.1 |  |  | 82.7 |
Other (primarily Canada and Latin America) |  | 14.1 |  |  | 19.1 |
Total Property, plant and equipment, net, Operating lease right-of-use assets and Other assets, excluding deferred income taxes |  | $ | 743.9 |  |  | $ | 776.1 |

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- 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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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
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