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Business Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Revenue, Operating Income and Total Assets by Reportable Segment | Operating income by reportable segment are presented below (in millions):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Operating (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
BSI BioSpin |  | $ | 37.3 |  |  | $ | 23.8 |  |  | $ | 68.5 |  |  | $ | 71.2 |
BSI CALID |  |  | 35.5 |  |  |  | 44.0 |  |  |  | 76.6 |  |  |  | 101.6 |
BSI Nano |  |  | (3.6 | ) |  |  | 31.3 |  |  |  | 7.2 |  |  |  | 60.7 |
BEST |  |  | 10.5 |  |  |  | 11.1 |  |  |  | 18.6 |  |  |  | 19.1 |
Corporate, eliminations and other (a) |  |  | (31.6 | ) |  |  | (24.0 | ) |  |  | (58.0 | ) |  |  | (43.7 | )
Total operating income |  | $ | 48.1 |  |  | $ | 86.2 |  |  | $ | 112.9 |  |  | $ | 208.9 |
(a) Represents corporate costs and eliminations not allocated to the reportable segments. Unallocated costs include general and administrative expenses not directly incurred by the segments such as professional fees incurred for the quarterly reviews and annual audit of the consolidated financial statements, personnel costs of corporate accounting, finance, legal and IT resources, and other expense items. Total assets by reportable segment are as follows (in millions):
|  | June 30, 2024 |  |  | December 31, 2023 |
Assets: |  |  |  |  |  |
BSI BioSpin, BSI CALID, BSI Nano & Corporate |  | $ | 5,764.8 |  |  | $ | 4,110.6 |
BEST |  | $ | 179.4 |  |  |  | 186.0 |
Eliminations and other (a) |  | $ | (41.6 | ) |  |  | (46.7 | )
Total assets |  | $ | 5,902.6 |  |  | $ | 4,249.9 |
(a) Assets not allocated to the reportable segments and eliminations of intercompany transactions.

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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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