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Business Segments and Other Information | 12 Months Ended
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Dec. 31, 2010
Business Segments and Other Information [Abstract] |
Business segments and other information | Note 16 — Business segments and other information An operating segment is a component of an enterprise (a) that engages in business activities from which it may earn revenues and incur expenses, (b) whose operating results are regularly reviewed by the enterprise’s chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance, and (c) for which discrete financial information is available. Based on these criteria, the Company has determined that it has two operating segments: Medical and Aerospace. The Medical Segment businesses design, manufacture and distribute medical devices primarily used in critical care, surgical applications and cardiac care. Additionally, the company designs, manufactures and supplies devices and instruments for other medical device manufacturers. Over 90 percent of Medical Segment net revenues are derived from devices that are considered disposable or single use. The Medical Segment’s products are largely sold and distributed to hospitals and healthcare providers and are most widely used in the acute care setting for a range of diagnostic and therapeutic procedures and in general and specialty surgical applications. The Aerospace Segment businesses provide cargo handling systems for wide body and narrow body aircraft. Commercial aviation markets represent all of the revenues in this segment. Markets for these products are generally influenced by spending patterns in the commercial aviation markets and cargo market trends. Information about continuing operations by business segment is as follows:
|  | 2010 |  |  | 2009 |  |  | 2008 |
|  | (Dollars in thousands) |
Segment data: |  |  |  |  |  |  |  |  |  |  |  |
Medical |  | $ | 1,433,282 |  |  | $ | 1,434,885 |  |  | $ | 1,475,621 |
Aerospace |  |  | 128,037 |  |  |  | 124,463 |  |  |  | 149,452 |
Net revenues |  | $ | 1,561,319 |  |  | $ | 1,559,348 |  |  | $ | 1,625,073 |
Medical |  | $ | 276,145 |  |  | $ | 302,607 |  |  | $ | 282,997 |
Aerospace |  |  | 22,920 |  |  |  | 13,817 |  |  |  | 16,244 |
Segment operating profit(1) |  |  | 299,065 |  |  |  | 316,424 |  |  |  | 299,241 |
Corporate expenses |  |  | 41,729 |  |  |  | 43,193 |  |  |  | 49,001 |
Restructuring and other impairment charges |  |  | 2,875 |  |  |  | 10,347 |  |  |  | 24,946 |
Net (gain) loss on sales of businesses and assets |  |  | (341 | ) |  |  | — |  |  |  | (296 | )
Noncontrolling interest |  |  | (1,361 | ) |  |  | (1,157 | ) |  |  | (747 | )
Income from continuing operations before interest, loss on extinguishments of debt and taxes |  | $ | 256,163 |  |  | $ | 264,041 |  |  | $ | 226,337 |
Identifiable assets(2): |  |  |  |  |  |  |  |  |  |  |  |
Medical |  | $ | 3,069,875 |  |  | $ | 3,135,349 |  |  | $ | 3,135,360 |
Aerospace |  |  | 98,878 |  |  |  | 120,277 |  |  |  | 244,994 |
Commercial |  |  | 92,962 |  |  |  | 111,209 |  |  |  | 215,894 |
Corporate(3) |  |  | 373,481 |  |  |  | 463,304 |  |  |  | 322,286 |
|  | $ | 3,635,196 |  |  | $ | 3,830,139 |  |  | $ | 3,918,534 |
Capital expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Medical |  | $ | 28,618 |  |  | $ | 24,947 |  |  | $ | 23,054 |
Aerospace |  |  | 1,575 |  |  |  | 1,601 |  |  |  | 2,519 |
Corporate |  |  | 1,423 |  |  |  | 1,394 |  |  |  | 1,496 |
|  | $ | 31,616 |  |  | $ | 27,942 |  |  | $ | 27,069 |
Depreciation and amortization expense: |  |  |  |  |  |  |  |  |  |  |  |
Medical |  | $ | 82,820 |  |  | $ | 86,854 |  |  | $ | 88,923 |
Aerospace |  |  | 1,996 |  |  |  | 1,886 |  |  |  | 1,831 |
Corporate |  |  | 10,578 |  |  |  | 9,337 |  |  |  | 8,499 |
|  | $ | 95,394 |  |  | $ | 98,077 |  |  | $ | 99,253 |
(1) |  | Segment operating profit includes a segment’s net revenues reduced by its cost of goods sold along with the segment’s selling, general and administrative expenses and noncontrolling interest. Unallocated corporate expenses, (gain) loss on sales of businesses and assets, restructuring and impairment charges, interest income and expense and taxes on income are excluded from the measure.
(2) |  | Identifiable assets do not include assets held for sale of $8.0 million, $8.9 million and $8.2 million in 2010, 2009 and 2008, respectively.
(3) |  | Identifiable corporate assets include cash, receivables acquired from operating segments for securitization, investments in unconsolidated entities, property, plant and equipment and deferred tax assets primarily related to net operating losses and pension and retiree medical plans.
Information about continuing operations in different geographic areas is as follows:
|  | 2010 |  |  | 2009 |  |  | 2008 |
|  | (Dollars in thousands) |
Net revenues (based on business unit location): |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 785,343 |  |  | $ | 791,127 |  |  | $ | 829,547 |
Other Americas |  |  | 49,557 |  |  |  | 46,289 |  |  |  | 49,133 |
Germany |  |  | 221,915 |  |  |  | 238,229 |  |  |  | 300,672 |
Other Europe |  |  | 384,592 |  |  |  | 381,687 |  |  |  | 361,894 |
All Other |  |  | 119,912 |  |  |  | 102,016 |  |  |  | 83,827 |
|  | $ | 1,561,319 |  |  | $ | 1,559,348 |  |  | $ | 1,625,073 |
Net property, plant and equipment: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 165,287 |  |  | $ | 187,880 |  |  | $ | 198,689 |
Other Americas |  |  | 25,988 |  |  |  | 26,587 |  |  |  | 38,971 |
Germany |  |  | 19,630 |  |  |  | 21,924 |  |  |  | 24,855 |
Other Europe |  |  | 55,848 |  |  |  | 61,533 |  |  |  | 67,700 |
All Other |  |  | 20,952 |  |  |  | 19,575 |  |  |  | 44,077 |
|  | $ | 287,705 |  |  | $ | 317,499 |  |  | $ | 374,292 |

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- Definition Business segments and other information. + Details
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- Definition This element may be used to capture the complete disclosure of 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% 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/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 + Details
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